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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher.\nSee related article:MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC\n• Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according toCoinMarketCap data. Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%.\n• XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week.\n• Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is areportby payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time.\n• The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion.\n• The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bankSilvergate Capital cut 40%of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to theWall Street Journal, which cited people familiar with the developments.\n• U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%.\n• Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation.\n• The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12.\nSee related article:Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher.\nSee related article:MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC\n• Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according toCoinMarketCap data. Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%.\n• XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week.\n• Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is areportby payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time.\n• The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion.\n• The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bankSilvergate Capital cut 40%of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to theWall Street Journal, which cited people familiar with the developments.\n• U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%.\n• Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation.\n• The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12.\nSee related article:Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher. See related article: MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC Fast facts Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according to CoinMarketCap data . Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%. XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week. Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is a report by payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time. The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion. The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bank Silvergate Capital cut 40% of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to the Wall Street Journal , which cited people familiar with the developments. U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%. Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation. The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12. See related article: Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'While the world continues to reel from how far artificial intelligence has come with projects like ChatGPT, Chinese researchers recently claimed that they have been able to crack encryption using quantum computing\x97something scientists have assumed was years away from happening. A group of Chinese researchers published a " scientific paper " last month that said they used quantum computers to break a standard RSA algorithm that many industries\x97including banking, mobile phones, and data storage\x97use for their encryption measures. According to the Financial Times , the Chinese researchers said they had used their algorithm to factor a number with 48 bits on a quantum computer with ten qubits (quantum bits) and that they had not yet tried to scale it up to work on a much bigger system. Researchers Suggest Quantum Computers Only a Decade From Cracking Bitcoin While the claim has raised some concern about the state of the art in security, many experts consider the breakthrough to be impossible\x97at least for now. "A colleague of ours calls it the biggest hoax he has seen in about 25 years," Global Quantum Intelligence CEO & Co-Founder Andre Konig told Decrypt in an interview. "The paper itself doesn\'t announce anything really new." Konig calls the paper\'s claims hype-driven and a spin on existing methodologies and approaches, lacking a proof of concept that would demonstrate the successful breaking of current encryption standards. What is Encryption? Encryption helps protect information from being accessed even when it\'s intercepted by hackers, malicious actors, or nation-states that might try to steal personal or financial data. This secure means of scrambling and unscrambling information is key to blockchains like the Bitcoin network and cryptocurrency in general, which stores things like transaction details on a decentralized ledger made widely accessible over the internet. What is Quantum Computing? Quantum computing uses quantum mechanics to perform operations on data at much greater speeds than modern computers. Many times more powerful than an average desktop PC, quantum computers are attractive in calculation-heavy cryptography, but are much more challenging to build, program, and use. Their speed and processing power, crypto enthusiast fear, may one day be able to break the encryption used to secure Bitcoin. Story continues "Some people in our industry call it Y2Q," Konig said. "Y2Q," Konig noted, is the unknown moment in the future when quantum computing achieves a mainstream breakthrough\x97referenced the way "Y2K" was used in the late 1990s in the computer industry. At the time, the industry looked to midnight, December 31, 1999, as the day when computers worldwide would go down, causing a global meltdown. Konig says that while researchers do not know when Y2Q will happen, the industry is exploring the possibility of the day when quantum computers come into their own. "I think it\'s going to take about ten years to happen," he said. "But if you\'re one of these providers with critical information, you need to worry about it today." Bank of Canada Using Quantum Computing to Simulate Crypto Adoption Scenarios What is the threat to Bitcoin? Bitcoin has never been successfully hacked, but many see brute force attacks using quantum computers as the likely tool someone would use to take down Bitcoin. According to the cybersecurity firm Kaspersky, a brute force attack uses trial-and-error to guess strings like login credentials and encryption keys, working through all possible combinations hoping to find a match. With current technology, these attacks can take years, even decades, to succeed. Quantum computers could theoretically untangle complex encryption within hours or minutes. "It would completely and utterly destroy the market," David Schwed, COO of the blockchain security firm, Halborn , told Decrypt . "But it\'s not just crypto; it\'s anything encrypted; whether you\'re breaking ECDSA (Elliptic Curve Digital Signature Algorithm) or breaking RSA, you\'ll be able to break any encryption." Could Quantum Computers Defeat Bitcoin? Not So Fast. Schwed believes that if researchers were successful in developing quantum computing, the first target would not be cryptocurrency but massive stores of leaked and stolen encrypted data that nation-states have accumulated over the years. "[They are] just waiting for the day that they can decrypt that data," he said. "That, to me, would be more concerning, not necessarily to crypto." "The Chinese are not going to tell us that they can break encryption if they can break encryption," Schwed added. "They\'re just going to break encryption and do whatever they\'re gonna do with it." Schwed and Konig agree that announcing the ability to break encryption would be odd for a country to do. Who is Working on Quantum Computing? While quantum computers may still be years away from posing a threat to encryption and cryptocurrency, several companies\x97including Google, Microsoft, Amazon, Raytheon, and Lockheed Martin\x97have entered the race to bring quantum computing to the market. "I think [it\'s] extremely urgent," Konig said. "Because no matter if it takes five years, ten, or even 15 years, patching your systems is going to take up considerable resources. So you really have to get started today."', 'While the world continues to reel from how far artificial intelligence has come with projects like ChatGPT, Chinese researchers recently claimed that they have been able to crack encryption using quantum computing—something scientists have assumed was years away from happening.\nA group of Chinese researchers published a "scientific paper" last month that said they used quantum computers to break a standard RSA algorithm that many industries—including banking, mobile phones, and data storage—use for their encryption measures.\nAccording to theFinancial Times, the Chinese researchers said they had used their algorithm to factor a number with 48 bits on a quantum computer with ten qubits (quantum bits) and that they had not yet tried to scale it up to work on a much bigger system.\nResearchers Suggest Quantum Computers Only a Decade From Cracking Bitcoin\nWhile the claim has raised some concern about the state of the art in security, many experts consider the breakthrough to be impossible—at least for now.\n"A colleague of ours calls it the biggest hoax he has seen in about 25 years,"Global Quantum IntelligenceCEO & Co-Founder Andre Konig toldDecryptin an interview. "The paper itself doesn\'t announce anything really new."\nKonig calls the paper\'s claims hype-driven and a spin on existing methodologies and approaches, lacking a proof of concept that would demonstrate the successful breaking of current encryption standards.\nWhat is Encryption?\nEncryption helps protect information from being accessed even when it\'s intercepted by hackers, malicious actors, or nation-states that might try to steal personal or financial data. This secure means of scrambling and unscrambling information is key to blockchains like theBitcoin networkand cryptocurrency in general, which stores things like transaction details on a decentralized ledger made widely accessible over the internet.\nWhat is Quantum Computing?\nQuantum computinguses quantum mechanics to perform operations on data at much greater speeds than modern computers. Many times more powerful than an average desktop PC, quantum computers are attractive in calculation-heavy cryptography, but are much more challenging to build, program, and use. Their speed and processing power, crypto enthusiast fear, may one day be able to break the encryption used to secure Bitcoin.\n"Some people in our industry call it Y2Q," Konig said. "Y2Q," Konig noted, is the unknown moment in the future when quantum computing achieves a mainstream breakthrough—referenced the way "Y2K" was used in the late 1990s in the computer industry. At the time, the industry looked to midnight, December 31, 1999, as the day when computers worldwide would go down, causing a global meltdown.\nKonig says that while researchers do not know when Y2Q will happen, the industry is exploring the possibility of the day when quantum computers come into their own. "I think it\'s going to take about ten years to happen," he said. "But if you\'re one of these providers with critical information, you need to worry about it today."\nBank of Canada Using Quantum Computing to Simulate Crypto Adoption Scenarios\nWhat is the threat to Bitcoin?\nBitcoin has never been successfully hacked, but many see brute force attacks usingquantum computersas the likely tool someone would use to take down Bitcoin.\nAccording to the cybersecurity firm Kaspersky, abrute forceattack uses trial-and-error to guess strings like login credentials and encryption keys, working through all possible combinations hoping to find a match. With current technology, these attacks can take years, even decades, to succeed.\nQuantum computers could theoretically untangle complex encryption within hours or minutes.\n"It would completely and utterly destroy the market," David Schwed, COO of the blockchain security firm,Halborn, toldDecrypt. "But it\'s not just crypto; it\'s anything encrypted; whether you\'re breaking ECDSA (Elliptic Curve Digital Signature Algorithm) or breaking RSA, you\'ll be able to break any encryption."\nCould Quantum Computers Defeat Bitcoin? Not So Fast.\nSchwed believes that if researchers were successful in developing quantum computing, the first target would not be cryptocurrency but massive stores of leaked and stolen encrypted data that nation-states have accumulated over the years.\n"[They are] just waiting for the day that they can decrypt that data," he said. "That, to me, would be more concerning, not necessarily to crypto."\n"The Chinese are not going to tell us that they can break encryption if they can break encryption," Schwed added. "They\'re just going to break encryption and do whatever they\'re gonna do with it."\nSchwed and Konig agree that announcing the ability to break encryption would be odd for a country to do.\nWho is Working on Quantum Computing?\nWhile quantum computers may still be years away from posing a threat to encryption and cryptocurrency, several companies—including Google, Microsoft, Amazon, Raytheon, and Lockheed Martin—have entered the race to bring quantum computing to the market.\n"I think [it\'s] extremely urgent," Konig said. "Because no matter if it takes five years, ten, or even 15 years, patching your systems is going to take up considerable resources. So you really have to get started today."', 'Good morning. Here’s what’s happening: Prices: Bitcoin holds steady at $16,800 amid ongoing concerns about the economy and central bank hawkishness. Insights: Bitcoin and Ethereum\'s Average True Range has declined by more than 80% since 2022. Prices CoinDesk Market Index (CMI) 806.34 −0.2 ▼ 0.0% Bitcoin (BTC) $16,845 +4.2 ▲ 0.0% Ethereum (ETH) $1,254 −1.3 ▼ 0.1% S&P 500 daily close 3,808.10 −44.9 ▼ 1.2% Gold $1,837 +2.5 ▲ 0.1% Treasury Yield 10 Years 3.72% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Continues Its 2022 Nostalgia Tour By James Rubin Bitcoin and ether continued their 2022 nostalgia tours, with the two largest cryptos by market capitalization holding almost precisely where they stood for the last two weeks of December. BTC was recently trading at about $16,850, flat over the last 24 hours as investors mulled early 2023 economic indicators that seemed at odds and ongoing U.S. central bank resolve to raise interest rates for at least the first part of 2023. Ether followed a similar pattern to trade at just above $1,200, its perch on Wednesday, same time. Other major cryptos also spent much of Wednesday hovering within their most recent ranges. ADA, the token of the Cardano blockchain, was recently up 1.8%. The CoinDesk Market Index (CDI), an index measuring cryptos\' performance, recently inched down 0.19%. In an interview with CoinDesk TV\'s First Mover program, Katie Stockton, managing partner of research group Fairlead Strategies, noted the "downtrend" in bitcoin and altcoins. "Since May or so we\'ve seen them stair step lower," Stockton said. "Right now, we\'ve seen a bit of a plateau. They seem to end with a few days of downside volatility. And then we get into another consolidation phase, the likes of which we\'ve seen over the past seven to eight weeks." She added: "Now, within that context, with the consolidation phase underway within the downtrend, we\'ve obviously not seen any kind of breakouts above resistance." Story continues On the third trading day of the new year, equity markets slumped with the tech-focused Nasdaq falling 1.5% and the S&P 500 and Dow Jones Industrial Average (DJIA) dropping 1.2% and 1%, respectively – reaction to a surprisingly strong report by human resources software and services provider ADP showing employers adding 235,000 jobs in December. The monthly measure of employment markets rekindled fears that the economy was not slowing as much as U.S. central bankers had hoped and undercut hopes stirred by a U.S. Labor Department report showing a slight downturn in overall, available jobs. Job cuts highlighted crypto news on Thursday. Crypto bank Silvergate Capital (SI) cut 40% of its staff, or about 200 employees, the company said in a filing with the U.S. Securities and Exchange Commission , and beleaguered Genesis Global trading, a subsidiary of crypto conglomerate Digital Currency Group (CoinDesk\'s parent company) eliminated about 30% of its workers, taking it down to 145 employees, according to a person familiar with the matter. Fairlead\'s Stockton said warily that her group\'s research strongly suggested that the current consolidation in crypto markets would "resolve to the downside." "We\'re not advocating counter trend positions, given the risks inherent to bear market cycle(s)," Stockton said, adding: "We\'re out there kind of with you looking for signs of a long-term bottom as sort of a major low, and we actually do think that this year will capture a major low, but we just don\'t have it indications of it quite yet." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +2.4% Entertainment Cardano ADA +2.1% Smart Contract Platform Solana SOL +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Avalanche AVAX −2.8% Smart Contract Platform XRP XRP −2.4% Currency Chainlink LINK −2.3% Computing Insights Bitcoin and Ethereum\'s Decreased Volatility By Glenn Williams Jr. Bitcoin continued its sharp decline in volatility. Bitcoin’s Average True Range (ATR), a proxy for measuring volatility in asset prices, has fallen to its lowest point since July 2020. An asset’s “true range” incorporates its open, high, low, and “closing” price, with the range of the asset representing the absolute value of the largest move between components. A moving average is then calculated over a prescribed time (often 14 days) to determine the ATR. Bitcoin’s ATR has declined by 88% from its 2022 peak of 2,569, and more than 95% from its all-time peak. Ether volatility has responded similarly, with its 2022 ATR falling by 84%. Bitcoin/U.S Dollar Daily Chart (TradingView) Important events. 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Core Harmonized Index of Consumer Prices (YoY/Dec.) 12:30 p.m. HKT/SGT(4:30 UTC) United States Nonfarm Payrolls (Dec.) 2:00 p.m. HKT/SGT(6:00 UTC) United States ISM Services PMI (Dec.) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : What House Speaker Impasse Means for Crypto; CES 2023 Goes Into the Metaverse From Las Vegas at CES," First Mover" host Christine Lee kicked off CoinDesk\'s coverage of the largest tech conference of the year. CoinDesk\'s Pete Pachal gave a preview. Also, as the U.S. House of Representatives struggles to elect a speaker, how could the outcome impact this year\'s crypto agenda in Washington, D.C.? Ron Hammond, Director of Government Relations at the Blockchain Association, shared his predictions. Plus, bitcoin is still trading flat, but for how long? Katie Stockton, Founder and Managing Partner of Fairlead Strategies, provided her crypto markets analysis. Headlines Crypto Lender Genesis Lays Off 30% More of Its Staff: The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies. Shopify Merchants Can Now Design, Mint and Sell Avalanche NFTs: The new integration streamlines the NFT process for buyers and sellers. Declining Demand for Binance\'s BUSD Represents New Chapter in Stablecoin Wars: The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share. CME Crypto Trading Volume Slumped to 2-Year Low in December: Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines. Former Celsius CEO Mashinsky Sued by New York State for Defrauding Investors: New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds steady at $16,800 amid ongoing concerns about the economy and central bank hawkishness.\nInsights:Bitcoin and Ethereum\'s Average True Range has declined by more than 80% since 2022.\nCoinDesk Market Index (CMI)\n806.34\n−0.2▼0.0%\nBitcoin (BTC)\n$16,845\n+4.2▲0.0%\nEthereum (ETH)\n$1,254\n−1.3▼0.1%\nS&P 500 daily close\n3,808.10\n−44.9▼1.2%\nGold\n$1,837\n+2.5▲0.1%\nTreasury Yield 10 Years\n3.72%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Continues Its 2022 Nostalgia Tour\nBy James Rubin\nBitcoin and ether continued their 2022 nostalgia tours, with the two largest cryptos by market capitalization holding almost precisely where they stood for the last two weeks of December.\nBTC was recently trading at about $16,850, flat over the last 24 hours as investors mulled early 2023 economic indicators that seemed at odds and ongoing U.S. central bank resolve to raise interest rates for at least the first part of 2023. Ether followed a similar pattern to trade at just above $1,200, its perch on Wednesday, same time. Other major cryptos also spent much of Wednesday hovering within their most recent ranges.\nADA, the token of the Cardano blockchain, was recently up 1.8%. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently inched down 0.19%.\nIn an interview with CoinDesk TV\'s First Mover program, Katie Stockton, managing partner of research group Fairlead Strategies, noted the "downtrend" in bitcoin and altcoins. "Since May or so we\'ve seen them stair step lower," Stockton said. "Right now, we\'ve seen a bit of a plateau. They seem to end with a few days of downside volatility. And then we get into another consolidation phase, the likes of which we\'ve seen over the past seven to eight weeks."\nShe added: "Now, within that context, with the consolidation phase underway within the downtrend, we\'ve obviously not seen any kind of breakouts above resistance."\nOn the third trading day of the new year, equity markets slumped with the tech-focused Nasdaq falling 1.5% and the S&P 500 and Dow Jones Industrial Average (DJIA) dropping 1.2% and 1%, respectively – reaction to a surprisingly strong report by human resources software and services provider ADP showing employers adding 235,000 jobs in December. The monthly measure of employment markets rekindled fears that the economy was not slowing as much as U.S. central bankers had hoped and undercut hopes stirred by a U.S. Labor Department report showing a slight downturn in overall, available jobs.\nJob cuts highlighted crypto news on Thursday. Crypto bank Silvergate Capital (SI)cut40% of its staff, or about 200 employees, the company said ina filing with the U.S. Securities and Exchange Commission, and beleaguered Genesis Global trading, a subsidiary of crypto conglomerate Digital Currency Group (CoinDesk\'s parent company)eliminatedabout 30% of its workers, taking it down to 145 employees, according to a person familiar with the matter.\nFairlead\'s Stockton said warily that her group\'s research strongly suggested that the current consolidation in crypto markets would "resolve to the downside."\n"We\'re not advocating counter trend positions, given the risks inherent to bear market cycle(s)," Stockton said, adding: "We\'re out there kind of with you looking for signs of a long-term bottom as sort of a major low, and we actually do think that this year will capture a major low, but we just don\'t have it indications of it quite yet."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.4%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.3%", "DACS Sector": "Computing"}]\nBitcoin and Ethereum\'s Decreased Volatility\nBy Glenn Williams Jr.\nBitcoin continued its sharp decline in volatility.\nBitcoin’s Average True Range (ATR), a proxy for measuring volatility in asset prices, has fallen to its lowest point since July 2020.\nAn asset’s “true range” incorporates its open, high, low, and “closing” price, with the range of the asset representing the absolute value of the largest move between components. A moving average is then calculated over a prescribed time (often 14 days) to determine the ATR.\nBitcoin’s ATR has declined by 88% from its 2022 peak of 2,569, and more than 95% from its all-time peak.\nEther volatility has responded similarly, with its 2022 ATR falling by 84%.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Dec.)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Nonfarm Payrolls (Dec.)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Dec.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nWhat House Speaker Impasse Means for Crypto; CES 2023 Goes Into the Metaverse\nFrom Las Vegas at CES," First Mover" host Christine Lee kicked off CoinDesk\'s coverage of the largest tech conference of the year. CoinDesk\'s Pete Pachal gave a preview. Also, as the U.S. House of Representatives struggles to elect a speaker, how could the outcome impact this year\'s crypto agenda in Washington, D.C.? Ron Hammond, Director of Government Relations at the Blockchain Association, shared his predictions. Plus, bitcoin is still trading flat, but for how long? Katie Stockton, Founder and Managing Partner of Fairlead Strategies, provided her crypto markets analysis.\nCrypto Lender Genesis Lays Off 30% More of Its Staff:The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies.\nShopify Merchants Can Now Design, Mint and Sell Avalanche NFTs:The new integration streamlines the NFT process for buyers and sellers.\nDeclining Demand for Binance\'s BUSD Represents New Chapter in Stablecoin Wars:The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.\nCME Crypto Trading Volume Slumped to 2-Year Low in December:Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines.\nFormer Celsius CEO Mashinsky Sued by New York State for Defrauding Investors:New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds steady at $16,800 amid ongoing concerns about the economy and central bank hawkishness.\nInsights:Bitcoin and Ethereum\'s Average True Range has declined by more than 80% since 2022.\nCoinDesk Market Index (CMI)\n806.34\n−0.2▼0.0%\nBitcoin (BTC)\n$16,845\n+4.2▲0.0%\nEthereum (ETH)\n$1,254\n−1.3▼0.1%\nS&P 500 daily close\n3,808.10\n−44.9▼1.2%\nGold\n$1,837\n+2.5▲0.1%\nTreasury Yield 10 Years\n3.72%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Continues Its 2022 Nostalgia Tour\nBy James Rubin\nBitcoin and ether continued their 2022 nostalgia tours, with the two largest cryptos by market capitalization holding almost precisely where they stood for the last two weeks of December.\nBTC was recently trading at about $16,850, flat over the last 24 hours as investors mulled early 2023 economic indicators that seemed at odds and ongoing U.S. central bank resolve to raise interest rates for at least the first part of 2023. Ether followed a similar pattern to trade at just above $1,200, its perch on Wednesday, same time. Other major cryptos also spent much of Wednesday hovering within their most recent ranges.\nADA, the token of the Cardano blockchain, was recently up 1.8%. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently inched down 0.19%.\nIn an interview with CoinDesk TV\'s First Mover program, Katie Stockton, managing partner of research group Fairlead Strategies, noted the "downtrend" in bitcoin and altcoins. "Since May or so we\'ve seen them stair step lower," Stockton said. "Right now, we\'ve seen a bit of a plateau. They seem to end with a few days of downside volatility. And then we get into another consolidation phase, the likes of which we\'ve seen over the past seven to eight weeks."\nShe added: "Now, within that context, with the consolidation phase underway within the downtrend, we\'ve obviously not seen any kind of breakouts above resistance."\nOn the third trading day of the new year, equity markets slumped with the tech-focused Nasdaq falling 1.5% and the S&P 500 and Dow Jones Industrial Average (DJIA) dropping 1.2% and 1%, respectively – reaction to a surprisingly strong report by human resources software and services provider ADP showing employers adding 235,000 jobs in December. The monthly measure of employment markets rekindled fears that the economy was not slowing as much as U.S. central bankers had hoped and undercut hopes stirred by a U.S. Labor Department report showing a slight downturn in overall, available jobs.\nJob cuts highlighted crypto news on Thursday. Crypto bank Silvergate Capital (SI)cut40% of its staff, or about 200 employees, the company said ina filing with the U.S. Securities and Exchange Commission, and beleaguered Genesis Global trading, a subsidiary of crypto conglomerate Digital Currency Group (CoinDesk\'s parent company)eliminatedabout 30% of its workers, taking it down to 145 employees, according to a person familiar with the matter.\nFairlead\'s Stockton said warily that her group\'s research strongly suggested that the current consolidation in crypto markets would "resolve to the downside."\n"We\'re not advocating counter trend positions, given the risks inherent to bear market cycle(s)," Stockton said, adding: "We\'re out there kind of with you looking for signs of a long-term bottom as sort of a major low, and we actually do think that this year will capture a major low, but we just don\'t have it indications of it quite yet."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+2.4%", "DACS Sector": "Entertainment"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+2.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.4%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.3%", "DACS Sector": "Computing"}]\nBitcoin and Ethereum\'s Decreased Volatility\nBy Glenn Williams Jr.\nBitcoin continued its sharp decline in volatility.\nBitcoin’s Average True Range (ATR), a proxy for measuring volatility in asset prices, has fallen to its lowest point since July 2020.\nAn asset’s “true range” incorporates its open, high, low, and “closing” price, with the range of the asset representing the absolute value of the largest move between components. A moving average is then calculated over a prescribed time (often 14 days) to determine the ATR.\nBitcoin’s ATR has declined by 88% from its 2022 peak of 2,569, and more than 95% from its all-time peak.\nEther volatility has responded similarly, with its 2022 ATR falling by 84%.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Dec.)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Nonfarm Payrolls (Dec.)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Dec.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nWhat House Speaker Impasse Means for Crypto; CES 2023 Goes Into the Metaverse\nFrom Las Vegas at CES," First Mover" host Christine Lee kicked off CoinDesk\'s coverage of the largest tech conference of the year. CoinDesk\'s Pete Pachal gave a preview. Also, as the U.S. House of Representatives struggles to elect a speaker, how could the outcome impact this year\'s crypto agenda in Washington, D.C.? Ron Hammond, Director of Government Relations at the Blockchain Association, shared his predictions. Plus, bitcoin is still trading flat, but for how long? Katie Stockton, Founder and Managing Partner of Fairlead Strategies, provided her crypto markets analysis.\nCrypto Lender Genesis Lays Off 30% More of Its Staff:The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies.\nShopify Merchants Can Now Design, Mint and Sell Avalanche NFTs:The new integration streamlines the NFT process for buyers and sellers.\nDeclining Demand for Binance\'s BUSD Represents New Chapter in Stablecoin Wars:The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.\nCME Crypto Trading Volume Slumped to 2-Year Low in December:Poor market sentiment and an extreme lack of volatility were the likely culprits behind the declines.\nFormer Celsius CEO Mashinsky Sued by New York State for Defrauding Investors:New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.', 'The bitcoin (BTC) and ether (ETH) options market saw mixed flows ahead of the crucial U.S. nonfarm payrolls (NFP) report, with a focus on setting strategies that profit from a potential post-data volatility explosion. "We have seen two-way flows ahead of the data release, with some clients putting on short-dated put spreads on BTC and ETH for downside protection. At the same time, there has also been buying interest in short-dated call spreads," the founder and CEO of quant-driven trading firm TDX Strategies, Dick Lo said. A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. A put buyer is implicitly bearish on the market. A call option gives the right to purchase and the call buyer is bullish on the market. A bear put spread is created when an equal number of puts are bought and sold simultaneously at different strikes. It\'s a low-cost, limited-profit bearish strategy, unlike the outright long put strategy where the profit potential is unlimited. Call spreads work the other way around. The need to add downside protection likely stemmed from fears that an upbeat payrolls figure would encourage the already hawkish Federal Reserve (Fed) to keep interest rates higher for a prolonged time. The data due at 13:00 UTC is likely to show the world\'s largest economy added 200,000 jobs in December after November\'s 263,000 additions, according to Reuters. The unemployment rate is forecast to remain unchanged at 3.7%, while the average hourly earnings growth is expected to have slowed to 5% year-on-year from 5.1%. The Fed has raised rates by 425 basis points since March 2022, hoping that the aggressive tightening would weigh over the labor market and help control inflation. However, the jobs market has remained remarkably resilient, with payrolls averaging well above 200,000 since September. Therefore, the headline NFP figure needs to print well below estimates to avoid an adverse reaction in risk assets, including cryptocurrencies. Story continues "We would need to see a number sub-200k to suggest a sufficient easing of labor market conditions, which could then fuel a risk-on rally. A number in line with expectations likely results in muted to mildly negative price action," Lo told CoinDesk. A risk-on rally would bode well for traders who have taken call spreads, perhaps expecting that the data would weaken the case for continued Fed tightening. Some traders have been snapping up bullish volatility trades like long strangles on Deribit , the world\'s largest crypto options trading exchange by open interest and volumes. Strangle involves buying bullish calls and bearish puts with the same expiry at strikes equidistant from the underlying asset\'s current market price. The strategy makes money as long as the underlying asset charts a big move in either direction. Hence, traders typically buy strangles ahead of volatility-boosting binary events like the NFP release, the Fed meeting and election results. "Investors appear to be betting on a significant price move post-NFP," Griffin Ardern, volatility trader from crypto asset management firm Blofin, said. Options trading is a risky business. While strangles look simple, they are not without risks. A strangle buyer can lose the entire amount paid as compensation to call and put seller if the market stays flat.', 'The bitcoin (BTC) and ether (ETH) options market saw mixed flows ahead of the crucial U.S. nonfarm payrolls (NFP) report, with a focus on setting strategies that profit from a potential post-data volatility explosion.\n"We have seen two-way flows ahead of the data release, with some clients putting on short-dated put spreads on BTC and ETH for downside protection. At the same time, there has also been buying interest in short-dated call spreads," the founder and CEO of quant-driven trading firm TDX Strategies, Dick Lo said.\nA put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. A put buyer is implicitly bearish on the market. A call option gives the right to purchase and the call buyer is bullish on the market.\nAbear put spreadis created when an equal number of puts are bought and sold simultaneously at different strikes. It\'s a low-cost, limited-profit bearish strategy, unlike the outright long put strategy where the profit potential is unlimited. Call spreads work the other way around.\nThe need to add downside protection likely stemmed from fears that an upbeat payrolls figure would encourage thealready hawkishFederal Reserve (Fed) to keep interest rates higher for a prolonged time.\nThe data due at 13:00 UTC is likely to show the world\'s largest economy added 200,000 jobs in December after November\'s 263,000 additions, according to Reuters. The unemployment rate is forecast to remain unchanged at 3.7%, while the average hourly earnings growth is expected to have slowed to 5% year-on-year from 5.1%.\nThe Fed has raised rates by 425 basis points since March 2022, hoping that the aggressive tightening would weigh over the labor market and help control inflation. However, the jobs market has remained remarkably resilient, with payrolls averaging well above 200,000 since September.\nTherefore, the headline NFP figure needs to print well below estimates to avoid an adverse reaction in risk assets, including cryptocurrencies.\n"We would need to see a number sub-200k to suggest a sufficient easing of labor market conditions, which could then fuel a risk-on rally. A number in line with expectations likely results in muted to mildly negative price action," Lo told CoinDesk.\nA risk-on rally would bode well for traders who have taken call spreads, perhaps expecting that the data would weaken the case for continued Fed tightening.\nSome traders have been snapping up bullish volatility trades like long strangles onDeribit, the world\'s largest crypto options trading exchange by open interest and volumes.\nStrangle involves buying bullish calls and bearish puts with the same expiry at strikes equidistant from the underlying asset\'s current market price. The strategy makes money as long as the underlying asset charts a big move in either direction.\nHence, traders typically buy strangles ahead of volatility-boosting binary events like the NFP release, the Fed meeting and election results.\n"Investors appear to be betting on a significant price move post-NFP," Griffin Ardern, volatility trader from crypto asset management firm Blofin, said.\nOptions trading is a risky business. While strangles look simple, they are not without risks. A strangle buyer can lose the entire amount paid as compensation to call and put seller if the market stays flat.', 'The bitcoin (BTC) and ether (ETH) options market saw mixed flows ahead of the crucial U.S. nonfarm payrolls (NFP) report, with a focus on setting strategies that profit from a potential post-data volatility explosion.\n"We have seen two-way flows ahead of the data release, with some clients putting on short-dated put spreads on BTC and ETH for downside protection. At the same time, there has also been buying interest in short-dated call spreads," the founder and CEO of quant-driven trading firm TDX Strategies, Dick Lo said.\nA put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. A put buyer is implicitly bearish on the market. A call option gives the right to purchase and the call buyer is bullish on the market.\nAbear put spreadis created when an equal number of puts are bought and sold simultaneously at different strikes. It\'s a low-cost, limited-profit bearish strategy, unlike the outright long put strategy where the profit potential is unlimited. Call spreads work the other way around.\nThe need to add downside protection likely stemmed from fears that an upbeat payrolls figure would encourage thealready hawkishFederal Reserve (Fed) to keep interest rates higher for a prolonged time.\nThe data due at 13:00 UTC is likely to show the world\'s largest economy added 200,000 jobs in December after November\'s 263,000 additions, according to Reuters. The unemployment rate is forecast to remain unchanged at 3.7%, while the average hourly earnings growth is expected to have slowed to 5% year-on-year from 5.1%.\nThe Fed has raised rates by 425 basis points since March 2022, hoping that the aggressive tightening would weigh over the labor market and help control inflation. However, the jobs market has remained remarkably resilient, with payrolls averaging well above 200,000 since September.\nTherefore, the headline NFP figure needs to print well below estimates to avoid an adverse reaction in risk assets, including cryptocurrencies.\n"We would need to see a number sub-200k to suggest a sufficient easing of labor market conditions, which could then fuel a risk-on rally. A number in line with expectations likely results in muted to mildly negative price action," Lo told CoinDesk.\nA risk-on rally would bode well for traders who have taken call spreads, perhaps expecting that the data would weaken the case for continued Fed tightening.\nSome traders have been snapping up bullish volatility trades like long strangles onDeribit, the world\'s largest crypto options trading exchange by open interest and volumes.\nStrangle involves buying bullish calls and bearish puts with the same expiry at strikes equidistant from the underlying asset\'s current market price. The strategy makes money as long as the underlying asset charts a big move in either direction.\nHence, traders typically buy strangles ahead of volatility-boosting binary events like the NFP release, the Fed meeting and election results.\n"Investors appear to be betting on a significant price move post-NFP," Griffin Ardern, volatility trader from crypto asset management firm Blofin, said.\nOptions trading is a risky business. While strangles look simple, they are not without risks. A strangle buyer can lose the entire amount paid as compensation to call and put seller if the market stays flat.', 'NEW YORK, NY - (NewMediaWire) - January 6, 2023 -AscendEXis excited to announce the listing of Storepay Global under the trading pair: $SPCFIN/USDT. Trading begins at 2:00 PM UTC on December 28th. Storepay Global uses an innovative business
**Last 60 Days of Bitcoin's Closing Prices:**
[20602.82, 18541.27, 15880.78, 17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-06
**Financial & Commodity Data:**
- Gold Closing Price: $1864.20
- Crude Oil Closing Price: $73.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $324,633,474,262
- Hash Rate: 305064103.23047346
- Transaction Count: 276071.0
- Unique Addresses: 685990.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S. Securities and Exchange Commission is deepening its investigations into FTX, and the Commodity Futures Trading Commission (CFTC) is now investigating the cryptocurrency exchange as well, Bloomberg reported Wednesday. The Wall Street Journal subsequently reported that the U.S. Department of Justice was launching its own probe as well. Three sources told Bloomberg that the SEC and CFTC’s investigations are related to FTX’s liquidity crunch, which Binance CEO Changpeng “CZ” Zhao has called “ significant .” The SEC and CFTC are looking into how FTX has managed its customers’ money and are trying to get a clear understanding of FTX and FTX US’s organizational structures, according to the report. Any crossover between the two would be of concern to regulators, as well as any lack of separation between customer accounts. Two of the sources said the SEC had already been investigating FTX’s lending activities as well as its FTX US arm for months. But the SEC and the CFTC aren’t the only government agencies looking into FTX. The DOJ probe is reportedly related to possible fraud. Last month, the Texas Securities Board began investigating FTX, FTX US, and CEO Sam Bankman-Fried over alleged securities violations, according to a filing . The cryptocurrency market hit a massive speed bump earlier this week when Zhao and Bankman-Fried confirmed that Binance intended to acquire FTX. The news sent the price of FTX’s native token FTT into freefall, plummeting 78% in less than a day. Since then, Bitcoin has also hit a new two-year low , dropping below the $17,000 mark. FTX, Sam Bankman-Fried Under Investigation by Texas Regulators On Wednesday, Zhao published a note previously shared with Binance employees detailing instructions for how Binance would handle conversations surrounding FTX and its issues. “FTX going down is not good for anyone in the industry,” Zhao said. “User confidence is severely shaken. Regulators will scrutinize exchanges even more. Licenses around the globe will be harder to get.” FTX declined to respond to Decrypt ’s request for comment. When reached for comment, an SEC spokesperson told Decrypt via email that the SEC “does not comment on the existence or nonexistence of a possible investigation.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The S&P 500 traded higher in the opening week of 2023 on optimism the Federal Reserve is making progress on taming inflation.\nOn Friday, the Labor Department reported the U.S. economy added223,000 jobsin December, exceeding economist estimates of 200,000 new jobs. However, wage growth dropped to just 4.6% in the month, indicating to investors that inflation is still trending lower.\nOn Wednesday, the Federal Open Market Committee released its Novembermeeting minutes, and the Fed\'s language suggested a pivot to interest rate cuts might not come as soon as some investors had hoped. The Fed said it was "likely to take some time" before the Fed was convinced inflation was on a "sustained downward path" to its 2% long-term target.\nElectric vehicle maker Teslareported 405,278fourth-quarter vehicle deliveries on Tuesday, missing analyst expectations of 420,760 deliveries and sending Tesla shares down to new multi-year lows. The Tesla sell-off continued on Friday morning after the company cut prices on its Model Y and Model 3 EVs in China for the second time in three months.\nThe Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued ajoint statementon Tuesday warning banks about the dangers of "frauds and scams" in the cryptocurrency market and "contagion risk within the crypto-asset sector." The statement came after the November collapse of cryptocurrency exchange FTX sent Bitcoin prices tumbling to their lowest levels in roughly two years.\nLamb Weston shares gained more than 10% this week after the frozen potato company reported a fiscal second-quarter earnings beat and raised its 2023 earnings guidance.\nIn the week ahead, fourth-quarter earnings season kicks off with reports from Bed, Bath & Beyond on Tuesday and big bank stocks Bank of America, Wells Fargo, Citigroup and J.P. Morgan Chase on Friday.\nAnalysts expect S&P 500 energy companies to report 64.4% earnings growth in the fourth quarter, the highest of any market sector, accordingto FactSet.\nIn the wake of the positive jobs report, Wall Street will get more key economic updates on Thursday when the U.S. Labor Department releases its December Consumer Price Index reading and on Friday when the University of Michigan releases its preliminary January U.S. Consumer Sentiment Index reading.\nMore:Southfield auto lender accused of predatory deals, setting up buyers to fail\nMore:Scammers pretend to be from your bank to drain your savings\nBenzingais a financial news and data company headquartered in Detroit.\nThis article originally appeared on Detroit Free Press:Don\'t expect interest rate cuts anytime soon', "Most people don’t think about the Federal Reserve very often, and only a select few contemplate the effects that the U.S. central bank has on investors. But over the past few years, that’s begun to change. Many economists and keen market watchers are making the case that years of loose monetary policies from the Fed and other central banks following the Great Financial Crisis (GFC) helped create an “ everything bubble ”—and now it’s popping. The everything bubble idea isn’t new. For years before 2022’s stock market woes, leading minds on Wall Street including the investing legend Jeremy Grantham warned about a brewing “superbubble.” The idea is that near-zero interest rates and quantitative easing (QE)—a policy where the Fed would buy mortgage-backed securities and government bonds to boost lending and investment in the economy—pushed investors toward riskier investments, allowed unsustainable business models to thrive on cheap debt, and fueled a “ savagely unhealthy ” surge in home prices. BOSTON, MA - NOVEMBER 5: Renowned investment manager Jeremy Grantham poses on a balcony at his Rowes Wharf office in Boston on Nov. 5, 2013. Grantham has made a fortune for his clients, and now hes pouring a good deal of his own wealth into environmental charities. With more than $500 million in two Grantham family foundations, he is among a handful of successful Boston investors emerging as the citys major new philanthropists. (Photo by Lane Turner/The Boston Globe via Getty Images) It’s early days, but in retrospect a lot of outlandish financial predictions accompanied this era of easy money. And the fallout for Americans hasn’t been pretty, as inflation continues to rage and recession fears mount. But there is a silver lining for the finance community. The everything bubble provided some of the most ridiculous—and hilarious—forecasts in history. From cryptocurrency experts and hedge fund managers to economists and investment banks, the easy money era was filled with bulls who believed the good times would never end. Here’s a look at some of their strangest calls. The Bitcoin bulls The cryptocurrency boom of 2020 and 2021 was unprecedented. Between January 2020 and the peak of the crypto fervor in November 2021, the industry’s total value grew to over $3 trillion and Bitcoin prices soared roughly 800%. The crypto faithful were sure that the party was just beginning. Billionaire venture capitalist Tim Draper said in June 2021 that Bitcoin would hit $250,000 by the end of 2022. “I think I’m going to be right on this one,” he assured CNBC ’s Jade Scipioni. Story continues Bitcoin ended up finishing 2022 just above $16,500, but just last month, Draper repeated his call for Bitcoin to hit $250,000—this time he said it would be by the middle of 2023. “I expect a flight to quality and decentralized crypto like bitcoin, and for some of the weaker coins to become relics,” Draper told CNBC . Tim Draper did not respond to Fortune ’s request for comment. Draper wasn’t the only leading figure to jump on the Bitcoin train during the easy money era and make lofty forecasts either. ARK Invest’s Cathie Wood was the first public asset manager to gain exposure to Bitcoin via the Bitcoin Investment Trust (GBTC) as a part of her tech-focused exchange-traded ETFs in 2015. LISBON, PORTUGAL - 2022/11/02: CEO & Chief Investment Officer of ARK Invest, Cathie Wood, addresses the audience at Altice Arena Centre Stage during the second day of the Web Summit 2022 in Lisbon. The biggest technology conference in the world is back in Lisbon. The conference will discuss new technological trends for four days and how they will influence people's lives. 70,000 people expected to participate in the event. (Photo by Hugo Amaral/SOPA Images/LightRocket via Getty Images) The bet led Wood to face serious criticism from her peers, but barring a brief crypto winter in 2018, it paid off as Bitcoin’s price soared to over $65,000 by November 2021. Wood was sure that the good times would last throughout the bull market. In November 2020, she told Barron ’s that institutional adoption of crypto would drive Bitcoin’s price to $500,000 by 2026 and repeatedly “ bought the dip ” whenever Bitcoin prices fell. Wood even told The Globe and Mail in a February 2020 interview that Bitcoin was “one of the largest positions” in her retirement account. The ARK Invest CEO remained bullish even at the start of 2022, when Bitcoin prices had fallen from their highs of over $65,000 to just under $50,000. She argued that the leading cryptocurrency would touch $1 million by 2030 in ARK’s “ Big Ideas 2022 ” annual research report. Since then Bitcoin’s price has dropped more than 60%, but Wood and her team aren’t fazed, and still believe that their prediction is fair. “We think Bitcoin is coming out of this smelling like a rose,” Wood told Bloomberg in December, arguing that institutions will eventually buy into Bitcoin after it is “battle tested” by the crypto winter. Cathie Wood did not respond to Fortune ’s request for comment. Tom Lee, head of research at Fundstrat Global Advisors, who previously served as chief equity strategist at JPMorgan and spent over 25 years on Wall Street, has also been a perennial Bitcoin bull. In early 2022, he predicted that Bitcoin would hit $200,000 in the coming years. And despite the recent fall, which he admitted has been “horrific” for investors, Lee told CNBC in November that he still believes Bitcoin will come out of the current downtrend and hit his target. But while many crypto forecasters are sticking by their lofty estimates, Wall Street has been walking back some of theirs. Tom Lee did not respond to Fortune ’s request for comment. Lofty stock market forecasts Investment banks made some pretty dramatic forecasts during the cheap money era. After the stock market soared throughout the pandemic, returning 28% to investors, Wall Street was confident that things would slow down in 2022, but not to the extent that they actually did. Investment banks expected the S&P 500 to end 2022 at 4,825, representing only a mild 1% gain for the year. Instead, the blue-chip index dropped roughly 20%. The (perhaps unwarranted) bullishness among investment banks was particularly clear when looking at the price targets for growth stocks that benefited from pandemic trends. The online used car retailer Carvana , for example, soared throughout the pandemic as used car prices rose to record highs. The firm was able to take advantage of consumers’ inability or unwillingness to shop for vehicles in person during COVID, leading some analysts to give incredibly bullish forecasts. In January 2022, Morgan Stanley’s auto analyst Adam Jonas called Carvana the “ apex predator in auto retail” and assigned a $430 12-month price target to the stock. Since then, shares of the online car retailer have plummeted more than 97% to just $4.48—and some analysts believe more pain lay ahead for investors. NEW YORK - JUNE 09: Morgan Stanley headquarters are seen June 9, 2009 in New York City. Morgan Stanley is one of ten lenders that won U.S. Treasury approval to pay back $68 billion in funds from the Troubled Asset Relief Program (TARP). (Photo by Mario Tama/Getty Images) Morgan Stanley did not respond to Fortune ’s request for comment. New Construct’s CEO David Trainer warned investors in June that Carvana was burning cash at an unsustainable rate and may not survive. “Time is running out for cash-burning companies kept afloat with easy access to capital,” Trainer told Fortune . “These ‘zombie’ companies are at risk of going bankrupt.” Coinbase is another example of the fervor that developed on Wall Street over the past few years. When the cryptocurrency exchange went public in April 2021, shares spiked from their $250 reference price to $381 per share. CNBC’s Jim Cramer, a former hedge fund manager, took to Twitter after the IPO, saying that he “liked Coinbase to $475.” And he wasn’t alone, investment banks’ average price target for the exchange was over $400 per share in early 2021. Since then, however, Coinbase stock is down more than 90% amid the crypto winter. And Cramer has changed his mind, saying in a December 13 tweet that he was “not a buyer of Coinbase here,” calling it “too early.” CNBC did not respond to Fortune ’s request for comment. The cheap money era may have led many forecasters to assume that asset prices would continue to soar, regardless of valuations, but this year has proven to be a wake-up call. Wall Street analysts have slashed their price targets for many of the stock market’s pandemic darlings. It’s a new era for markets and forecasters, as Tim Pagliara, chief investment officer of the investment advisory firm CapWealth, told Fortune last month. “We’re going to be unwinding a lot of the speculation,” he said. “There’s going to be a lot of revaluation of everything from commercial real estate to how the investing public looks at things like crypto. This story was originally featured on Fortune.com More from Fortune: San Francisco being hit with a ‘brutal’ storm so severe that a meteorologist says is ‘one of the most impactful’ he’s ever seen How will the ultrawealthy ride out the recession? 1,200 investors worth $130 billion have one big strategy Blaming Damar Hamlin’s cardiac arrest on the COVID vaccine is ‘wildly and irresponsibly speculative,’ says expert Meghan Markle’s real sin that the British public can’t forgive–and Americans can’t understand", "Most people don’t think about the Federal Reserve very often, and only a select few contemplate the effects that the U.S. central bank has on investors. But over the past few years, that’s begun to change. Many economists and keen market watchers are making the case that years of loose monetary policies from the Fed and other central banks following the Great Financial Crisis (GFC) helped create an “ everything bubble ”—and now it’s popping. The everything bubble idea isn’t new. For years before 2022’s stock market woes, leading minds on Wall Street including the investing legend Jeremy Grantham warned about a brewing “superbubble.” The idea is that near-zero interest rates and quantitative easing (QE)—a policy where the Fed would buy mortgage-backed securities and government bonds to boost lending and investment in the economy—pushed investors toward riskier investments, allowed unsustainable business models to thrive on cheap debt, and fueled a “ savagely unhealthy ” surge in home prices. BOSTON, MA - NOVEMBER 5: Renowned investment manager Jeremy Grantham poses on a balcony at his Rowes Wharf office in Boston on Nov. 5, 2013. Grantham has made a fortune for his clients, and now hes pouring a good deal of his own wealth into environmental charities. With more than $500 million in two Grantham family foundations, he is among a handful of successful Boston investors emerging as the citys major new philanthropists. (Photo by Lane Turner/The Boston Globe via Getty Images) It’s early days, but in retrospect a lot of outlandish financial predictions accompanied this era of easy money. And the fallout for Americans hasn’t been pretty, as inflation continues to rage and recession fears mount. But there is a silver lining for the finance community. The everything bubble provided some of the most ridiculous—and hilarious—forecasts in history. From cryptocurrency experts and hedge fund managers to economists and investment banks, the easy money era was filled with bulls who believed the good times would never end. Here’s a look at some of their strangest calls. The Bitcoin bulls The cryptocurrency boom of 2020 and 2021 was unprecedented. Between January 2020 and the peak of the crypto fervor in November 2021, the industry’s total value grew to over $3 trillion and Bitcoin prices soared roughly 800%. The crypto faithful were sure that the party was just beginning. Billionaire venture capitalist Tim Draper said in June 2021 that Bitcoin would hit $250,000 by the end of 2022. “I think I’m going to be right on this one,” he assured CNBC ’s Jade Scipioni. Story continues Bitcoin ended up finishing 2022 just above $16,500, but just last month, Draper repeated his call for Bitcoin to hit $250,000—this time he said it would be by the middle of 2023. “I expect a flight to quality and decentralized crypto like bitcoin, and for some of the weaker coins to become relics,” Draper told CNBC . Tim Draper did not respond to Fortune ’s request for comment. Draper wasn’t the only leading figure to jump on the Bitcoin train during the easy money era and make lofty forecasts either. ARK Invest’s Cathie Wood was the first public asset manager to gain exposure to Bitcoin via the Bitcoin Investment Trust (GBTC) as a part of her tech-focused exchange-traded ETFs in 2015. LISBON, PORTUGAL - 2022/11/02: CEO & Chief Investment Officer of ARK Invest, Cathie Wood, addresses the audience at Altice Arena Centre Stage during the second day of the Web Summit 2022 in Lisbon. The biggest technology conference in the world is back in Lisbon. The conference will discuss new technological trends for four days and how they will influence people's lives. 70,000 people expected to participate in the event. (Photo by Hugo Amaral/SOPA Images/LightRocket via Getty Images) The bet led Wood to face serious criticism from her peers, but barring a brief crypto winter in 2018, it paid off as Bitcoin’s price soared to over $65,000 by November 2021. Wood was sure that the good times would last throughout the bull market. In November 2020, she told Barron ’s that institutional adoption of crypto would drive Bitcoin’s price to $500,000 by 2026 and repeatedly “ bought the dip ” whenever Bitcoin prices fell. Wood even told The Globe and Mail in a February 2020 interview that Bitcoin was “one of the largest positions” in her retirement account. The ARK Invest CEO remained bullish even at the start of 2022, when Bitcoin prices had fallen from their highs of over $65,000 to just under $50,000. She argued that the leading cryptocurrency would touch $1 million by 2030 in ARK’s “ Big Ideas 2022 ” annual research report. Since then Bitcoin’s price has dropped more than 60%, but Wood and her team aren’t fazed, and still believe that their prediction is fair. “We think Bitcoin is coming out of this smelling like a rose,” Wood told Bloomberg in December, arguing that institutions will eventually buy into Bitcoin after it is “battle tested” by the crypto winter. Cathie Wood did not respond to Fortune ’s request for comment. Tom Lee, head of research at Fundstrat Global Advisors, who previously served as chief equity strategist at JPMorgan and spent over 25 years on Wall Street, has also been a perennial Bitcoin bull. In early 2022, he predicted that Bitcoin would hit $200,000 in the coming years. And despite the recent fall, which he admitted has been “horrific” for investors, Lee told CNBC in November that he still believes Bitcoin will come out of the current downtrend and hit his target. But while many crypto forecasters are sticking by their lofty estimates, Wall Street has been walking back some of theirs. Tom Lee did not respond to Fortune ’s request for comment. Lofty stock market forecasts Investment banks made some pretty dramatic forecasts during the cheap money era. After the stock market soared throughout the pandemic, returning 28% to investors, Wall Street was confident that things would slow down in 2022, but not to the extent that they actually did. Investment banks expected the S&P 500 to end 2022 at 4,825, representing only a mild 1% gain for the year. Instead, the blue-chip index dropped roughly 20%. The (perhaps unwarranted) bullishness among investment banks was particularly clear when looking at the price targets for growth stocks that benefited from pandemic trends. The online used car retailer Carvana , for example, soared throughout the pandemic as used car prices rose to record highs. The firm was able to take advantage of consumers’ inability or unwillingness to shop for vehicles in person during COVID, leading some analysts to give incredibly bullish forecasts. In January 2022, Morgan Stanley’s auto analyst Adam Jonas called Carvana the “ apex predator in auto retail” and assigned a $430 12-month price target to the stock. Since then, shares of the online car retailer have plummeted more than 97% to just $4.48—and some analysts believe more pain lay ahead for investors. NEW YORK - JUNE 09: Morgan Stanley headquarters are seen June 9, 2009 in New York City. Morgan Stanley is one of ten lenders that won U.S. Treasury approval to pay back $68 billion in funds from the Troubled Asset Relief Program (TARP). (Photo by Mario Tama/Getty Images) Morgan Stanley did not respond to Fortune ’s request for comment. New Construct’s CEO David Trainer warned investors in June that Carvana was burning cash at an unsustainable rate and may not survive. “Time is running out for cash-burning companies kept afloat with easy access to capital,” Trainer told Fortune . “These ‘zombie’ companies are at risk of going bankrupt.” Coinbase is another example of the fervor that developed on Wall Street over the past few years. When the cryptocurrency exchange went public in April 2021, shares spiked from their $250 reference price to $381 per share. CNBC’s Jim Cramer, a former hedge fund manager, took to Twitter after the IPO, saying that he “liked Coinbase to $475.” And he wasn’t alone, investment banks’ average price target for the exchange was over $400 per share in early 2021. Since then, however, Coinbase stock is down more than 90% amid the crypto winter. And Cramer has changed his mind, saying in a December 13 tweet that he was “not a buyer of Coinbase here,” calling it “too early.” CNBC did not respond to Fortune ’s request for comment. The cheap money era may have led many forecasters to assume that asset prices would continue to soar, regardless of valuations, but this year has proven to be a wake-up call. Wall Street analysts have slashed their price targets for many of the stock market’s pandemic darlings. It’s a new era for markets and forecasters, as Tim Pagliara, chief investment officer of the investment advisory firm CapWealth, told Fortune last month. “We’re going to be unwinding a lot of the speculation,” he said. “There’s going to be a lot of revaluation of everything from commercial real estate to how the investing public looks at things like crypto. This story was originally featured on Fortune.com More from Fortune: San Francisco being hit with a ‘brutal’ storm so severe that a meteorologist says is ‘one of the most impactful’ he’s ever seen How will the ultrawealthy ride out the recession? 1,200 investors worth $130 billion have one big strategy Blaming Damar Hamlin’s cardiac arrest on the COVID vaccine is ‘wildly and irresponsibly speculative,’ says expert Meghan Markle’s real sin that the British public can’t forgive–and Americans can’t understand", "In the first week of the new year, the leading cryptocurrencies are all in the green after a brutal 2022. None of the top 20 cryptocurrencies posted major losses this week.\nBitcoin (BTC) and Ethereum (ETH) both sustained modest appreciationthroughout the entire weekand are up 2% and 5%, respectively, over the past seven days, according to CoinMarketCap data. Bitcoincurrently changes hands at $16,922. Ethereum at around $1,263 at the time of writing.\nBut the two market leaders played second fiddle to an explosive recovery rally by Solana (SOL), which rose 32% in the past week, the most of any top-20 coin.\nSolana's rally started with an11% bumpon Monday. The surprise rebound came afterSOL had been in freefall since the catastrophic collapse of FTX in November. The exchange, and founder Sam Bankman-Fried, was a leading investor and booster of the Solana ecosystem.\nSolana surged a further16% in 24 hourson Tuesday when a Solana-based Dogecoin rival named BONK was airdropped to creators, developers, and NFT holders. BONK has blown up 43% since then.\nMetaverse tokens Ape Coin (APE) and Axie Infinity (AXS) also sustainedtheir gains from the startof the week. APE added 12% to hit $4.04 while AXS ballooned 18% to $7.06.\nCardano (ADA) and Litecoin (LTC) both rose a little over 11% this week. ADA is worth 27 cents while Litecoin is $76. Cosmos Hub (ATOM) nearly matched their pace with an 8.5% climb to $10.16. Ethereum Classic (ETC) blew up 30% this week and trades at $20.19.\nAs the fallout from FTX continues, the Federal Reserve and two other U.S. regulators on Tuesday issued astatementwarning banks about the “significant volatility and vulnerabilities over the past year.”\nThe joint statement continued: “Based on the agencies’ current understanding and experience to date, the agencies believe that issuing or holding as principal crypto-assets that are issued, stored, or transferred on an open, public, and/or decentralized network or similar system is highly likely to be inconsistent with safe and sound banking practices.”", "This week in coins. Illustration by Mitchell Preffer for Decrypt. In the first week of the new year, the leading cryptocurrencies are all in the green after a brutal 2022. None of the top 20 cryptocurrencies posted major losses this week. Bitcoin (BTC) and Ethereum (ETH) both sustained modest appreciation throughout the entire week and are up 2% and 5%, respectively, over the past seven days, according to CoinMarketCap data. Bitcoin currently changes hands at $16,922. Ethereum at around $1,263 at the time of writing. But the two market leaders played second fiddle to an explosive recovery rally by Solana (SOL), which rose 32% in the past week, the most of any top-20 coin. Solana's rally started with an 11% bump on Monday. The surprise rebound came after SOL had been in freefall since the catastrophic collapse of FTX in November. The exchange, and founder Sam Bankman-Fried, was a leading investor and booster of the Solana ecosystem. Solana surged a further 16% in 24 hours on Tuesday when a Solana-based Dogecoin rival named BONK was airdropped to creators, developers, and NFT holders. BONK has blown up 43% since then. Metaverse tokens Ape Coin (APE) and Axie Infinity (AXS) also sustained their gains from the start of the week. APE added 12% to hit $4.04 while AXS ballooned 18% to $7.06. Cardano (ADA) and Litecoin (LTC) both rose a little over 11% this week. ADA is worth 27 cents while Litecoin is $76. Cosmos Hub (ATOM) nearly matched their pace with an 8.5% climb to $10.16. Ethereum Classic (ETC) blew up 30% this week and trades at $20.19. As the fallout from FTX continues, the Federal Reserve and two other U.S. regulators on Tuesday issued a statement warning banks about the “significant volatility and vulnerabilities over the past year.” The joint statement continued: “Based on the agencies’ current understanding and experience to date, the agencies believe that issuing or holding as principal crypto-assets that are issued, stored, or transferred on an open, public, and/or decentralized network or similar system is highly likely to be inconsistent with safe and sound banking practices.”", 'Another mega-million drawing has resulted in no\xa0big winner. On Friday night, theMega Millions jackpotjumped to more than $1 billionafter the drawing ended without a winner of the jackpot.\nFriday night\'s drawing came up with numbers 3, 20, 46, 59, 63, and the gold Mega Ball 13. This marks the fourth time in a little over four years that the top prize has exceeded $1 billion, Mega Millions said in astatement.\nThe jackpot for the next drawing will be on Tuesday, Jan. 10, and is estimated at $1.1 billion. It would be the third-largest jackpot in the game\'s history if won at that amount.\n"Mega Millions has just reached the $1 billion mark again. So it\'s especially nice to see the jackpot grow throughout the holidays and into the new year,"Pat McDonald, the Lead Director of the Mega Millions Consortium, said in the statement.\n"We are thankful for the support of our customers and retailers, which allows each of our 47 member lotteries to generate funds for good causes within their jurisdiction. As the jackpot grows, we encourage our players to keep within their entertainment budget and enjoy this jackpot run right along with us," he added.\nAlso Read:Mega Millions Jackpot: How To Play, Where To Buy Tickets\nThe only Mega Millions jackpots higher than Tuesday\'s $1.1 billion are the record $1.537 billion won in South Carolina in 2018 and the $1.337 billion won in Illinois last year.\nAccording to the report, there were more than 4 million winning tickets for other prizes in Friday\'s drawing, ranging from $2 to $1 million.\nFive tickets won the $1 million prize by matching all five white balls, with winners in New York, Florida, Maryland, and New Jersey.\nAccording to Mega Millions, more than 27 million winning tickets have been sold in the 24 drawings since the jackpot was last won on Oct.\xa014, 2022.\nMega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.\nTheMega Millions jackpot was last wonby a player in Tennessee on April 15, 2022.The four Mega Millions jackpots won in 2022 were:\n• Jan. 28: California, $426 million\n• March 8: New York, $128 million\n• April 12: Minnesota, $110 million\n• April 15: Tennessee, $15 million\nPhoto:Minerva Studiovia Shutterstock\nSee more from Benzinga\n• US December Jobs Report May Show Labor Market Remains Tight: The Projected Numbers\n• Bitcoin Could Easily Rally To $160,000 Says Crypto Analyst: Here\'s How Soon It May Happen\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Another mega-million drawing has resulted in no\xa0big winner. On Friday night, the Mega Millions jackpot jumped to more than $1 billion after the drawing ended without a winner of the jackpot. Friday night\'s drawing came up with numbers 3, 20, 46, 59, 63, and the gold Mega Ball 13. This marks the fourth time in a little over four years that the top prize has exceeded $1 billion, Mega Millions said in a statement . The jackpot for the next drawing will be on Tuesday, Jan. 10, and is estimated at $1.1 billion. It would be the third-largest jackpot in the game\'s history if won at that amount. "Mega Millions has just reached the $1 billion mark again. So it\'s especially nice to see the jackpot grow throughout the holidays and into the new year," Pat McDonald , the Lead Director of the Mega Millions Consortium, said in the statement. "We are thankful for the support of our customers and retailers, which allows each of our 47 member lotteries to generate funds for good causes within their jurisdiction. As the jackpot grows, we encourage our players to keep within their entertainment budget and enjoy this jackpot run right along with us," he added. Also Read: Mega Millions Jackpot: How To Play, Where To Buy Tickets The only Mega Millions jackpots higher than Tuesday\'s $1.1 billion are the record $1.537 billion won in South Carolina in 2018 and the $1.337 billion won in Illinois last year. According to the report, there were more than 4 million winning tickets for other prizes in Friday\'s drawing, ranging from $2 to $1 million. Five tickets won the $1 million prize by matching all five white balls, with winners in New York, Florida, Maryland, and New Jersey. According to Mega Millions, more than 27 million winning tickets have been sold in the 24 drawings since the jackpot was last won on Oct.\xa014, 2022. Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands. The Mega Millions jackpot was last won by a player in Tennessee on April 15, 2022. The four Mega Millions jackpots won in 2022 were: Story continues • Jan. 28: California, $426 million • March 8: New York, $128 million • April 12: Minnesota, $110 million • April 15: Tennessee, $15 million Photo: Minerva Studio via Shutterstock See more from Benzinga US December Jobs Report May Show Labor Market Remains Tight: The Projected Numbers Bitcoin Could Easily Rally To $160,000 Says Crypto Analyst: Here\'s How Soon It May Happen Don\'t miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'While many investors may still be reeling from the chaos of 2022, the volatility also presents contrarians with upside (and discounted) prospects among compelling tech stocks to buy. True, red ink by itself doesn’t necessarily equate to opportunity. Still, the underlying innovation sector may not stay deflated indefinitely, even with recession fears on the horizon. It’s not to dismiss the possibility of an economic downturn. However, several enticing tech stocks to buy already incurred substantial damage. With the weak hands flushed out, investors may look to jettison names from other sectors. Also, people utilize commercialized innovations frequently. Meltdown or not, demand for advanced technologies will almost certainly rise in the long run.\xa0Admittedly, these discounted ideas present choppiness concerns. Still, if you’ve got the stomach, these are the most convincing discounts among tech stocks to buy. CTSH Cognizant Technology $59.75 KLIC Kulicke and Soffa $46.91 SIMO Silicon Motion $62.11 CCRD CoreCard $29.25 PLAB Photronics $17.50 PLUS ePlus $45.47 ITRN Ituran Location and Control $21.41 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cognizant Technology (CTSH) man\'s hand holding wads of cash Source: Vova Shevchuk / Shutterstock.com Based in New Jersey, Cognizant Technology (NASDAQ: CTSH ) is a multinational information technology services and consulting company. Cognizant offers several solutions, including business process services, cloud-computing applications, industrial automation, and artificial intelligence. Presently, the company commands a market capitalization of just under $30 billion. To be sure, Cognizant – like so many tech stocks to buy if we’re going to compare – suffered steep losses in 2022. In the trailing year, CTSH stumbled and gave up 35.5% of its equity value. However, bullish traders appear to be attempting to reverse this narrative. During the past five days, CTSH managed to return 2.5%. According to Gurufocus.com’s proprietary calculations for fair market value, Cognizant rates as significantly undervalued . Objectively, the market prices CTSH at 12.4 times forward earnings. In contrast, the sector median value is nearly 24 times. Moreover, the tech firm enjoys strong profitability metrics and stability in the balance sheet.\xa0On a parting note, since the first quarter of 2021, Cognizant beat its consensus targets for earnings per share. Therefore, it’s worth serious consideration for tech stocks to buy in January. Story continues Kulicke and Soffa (KLIC) A businessman ripping his shirt off to reveal an upward green arrow with the word buy on it underneath Source: ImageFlow/Shutterstock.com Located in Singapore, Kulicke and Soffa Industries (NASDAQ: KLIC ) may not attract the most attention among stateside investors. However, that could change soon, transitioning to one of the tech stocks to buy in part because of its relevance. Per its public profile , Kulicke represents a leading provider of semiconductor, LED, and electronic assembly solutions serving the global automotive, consumer, communications, computing, and industrial markets. With such a wide footprint across diverse industries, even a global recession might not be enough to capsize KLIC. To be fair, the market hasn’t been kind to Kulicke, with shares dropping over 24% of market value in the trailing year. However, in the past six months, KLIC gained nearly 15%. Some of this enthusiasm in the back half of 2022 centers on the fundamentals. In its most recent fiscal Q4 report, Kulicke beat analysts’ estimates for the top and bottom lines.\xa0According to TipRanks, analysts’ average price target pegs KLIC at $60 , symbolizing 33% upside potential. That makes it one of the tech stocks to buy, particularly as Wall Street only prices shares at 6.4-times trailing earnings . Silicon Motion (SIMO) Man holding stacks of money. Millionaire. Source: Epic Cure / Shutterstock Operating out of Taiwan, Silicon Motion (NASDAQ: SIMO ) focuses on developing NAND flash controller integrated circuits for solid-state storage devices. Presently, Silicon Motion features a market cap of just over $2.1 billion. Like other tech stocks to buy, SIMO endured a rough outing in 2022. In the trailing year, shares gave up nearly 30% of market value. However, it’s also true that in recent sessions, bullish traders have attempted to right the ship. In the trailing month, SIMO gained a hard-fought 1%. In the long run, investors may be quite happy that they took a risk with Silicon Motion. First, let’s consider what the analysts have to say. Although only four cover SIMO, it rates as a consensus strong buy : three individual buy ratings and one hold. The average price target stands at $88.25, up nearly 38% from the time of writing. Second, SIMO offers an outstanding discount, with the market pricing shares at under 10 times forward earnings. In contrast, the sector median value is 16.7 times. Therefore, you shouldn’t ignore this opportunity among tech stocks to buy. CoreCard (CCRD) hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills Source: shutterstock.com/CC7 Calling Norcross, Georgia home, CoreCard (NYSE: CCRD ) delivers a powerful and integrated solution for any type of card issuing program including complex credit, according to its website. To be clear, though, CoreCard may face difficult circumstances ahead. Credit card debt soared to all-time recorded highs recently, which points toward fundamental troubles in the consumer economy. Still, there could be a bullish case here for the patient contrarian. According to Gurufocus.com, the underlying business features five green flags and no red flags . That’s actually a rarity for the investment resource. Among the attributes it identified are strong financial strength and low bankruptcy risk (via an Altman Z-Score of 16.3). Objectively, CoreCard’s return on equity stands at over 32%, above 93% of the competition. This stat also reflects a superior capacity to convert equity financing into profits. As well, the market prices CCRD at 15.9 times trailing earnings, below the sector median of 25.5 times.\xa0Finally, hedge funds have started to build a position in CoreCard. If institutional investors think it’s one of the tech stocks to buy, it very well might be. Photronics (PLAB) Stocks to buy: smartphone with the words "buy" and "sell" displayed on the screen. The user\'s finger is about to press buy. Stock charts are in the background of the image. Source: Chompoo Suriyo / Shutterstock.com A specialty tech firm, Photronics (NASDAQ: PLAB ) focuses on photomask products and services. According to its website, it’s the worldwide leader in the space, with applications in mainstream nodes, integrated circuits, and flat panel displays. Right now, the company features a market cap of just over $1 billion. In the trailing year, PLAB lost 12.4%. Still, in recent days, the bulls have been pushing to generate positive momentum. It’s quite possible that PLAB could be one of the top tech stocks to buy later this year because it enjoys some good stuff. For instance, Photronics’ three-year revenue growth rate stands at 19.2%, beating nearly 73% of its peers. On the bottom line, the company’s net margin pings at 14.4%, better than 61% of industry players. Per Gurufocus.com’s proprietary FMV calculations, PLAB is modestly undervalued . Objectively, you can make the same case. Currently, shares trade at 8.6 times trailing earnings. Also, the market prices PLAB at 1.2 times sales. Both stats ping as undervalued against the underlying industry.\xa0On a final note, TipRanks states that insider buying sentiment is positive . That’s one more reason to consider PLAB as one of the tech stocks to buy. ePlus (PLUS) A person draws a stock chart on a chalkboard. Source: Zurijeta / Shutterstock.com Headquartered in Herndon, Virginia, ePlus (NASDAQ: PLUS ) is an IT assets-selling and financing company. Per its website , ePlus engineers transformative technology solutions for the most visionary companies in the world. These services encompass areas such as cloud computing, data centers, and cybersecurity, among many others. Despite exceptional relevancies, PLUS did not quite get on the positive side of the price chart. In the trailing year, shares gave up over 18% of equity value – similar to the benchmark equities index. And if we’re speaking honestly, its most recent sessions present a choppy profile. Still, for those who want to take a risk among underappreciated tech stocks to buy, ePlus may be your ticket. On an objective basis, ePlus offers an undervalued investment. Right now, the market prices PLUS at 11.5-times trailing earnings and 0.61-times sales. Both stats rate well below their respective sector median stats. Also, ePlus is priced at 2.2-times tangible book. The sector median is 3.4 times.\xa0Finally, TipRanks notes that hedge fund sentiment for PLUS pings is “positive.” It makes for an enticing idea among tech stocks to buy. Ituran Location and Control (ITRN) tree growing on coin of stacking with green bokeh background; growth stocks Source: Freedom365day / Shutterstock.com Saving the riskiest idea for last, Ituran Location and Control (NASDAQ: ITRN ) operates out of Israel. The company provides stolen vehicle recovery and tracking services and markets GPS wireless communications products. Although a relevant business – especially with rising property crime – ITRN failed to attract Wall Street’s attention. Well, it did attract its attention, just not in a good way. In the trailing year, shares fell nearly 21%. But the main problem is that recent sentiment has been sharply negative, with ITRN losing 10% in the past month. Still, for the risk-tolerant investor, it could be worth a look among speculative tech stocks to buy. First, Ituran enjoys a solid balance sheet, particularly an above-average debt-to-equity ratio of 0.16 times. On the profitability spectrum, the company enjoys a net margin of nearly 13%, beating over 82% of the competition. Also, its ROE of 27% reflects a very high-quality business.\xa0Finally, the market prices ITRN at 11.6-times trailing earnings, below the sector median of 16.6 times. If you can stomach potential volatility in the near term, Ituran may be one of the tech stocks to buy. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post 7 Must-Buy Tech Stocks for Your January Buy List appeared first on InvestorPlace .', 'While many investors may still be reeling from the chaos of 2022, the volatility also presents contrarians with upside (and discounted) prospects among compellingtech stocksto buy. True, red ink by itself doesn’t necessarily equate to opportunity. Still, the underlying innovation sector may not stay deflated indefinitely, even with recession fears on the horizon.\nIt’s not to dismiss the possibility of an economic downturn. However, several enticing tech stocks to buy already incurred substantial damage. With the weak hands flushed out, investors may look to jettison names from other sectors. Also, people utilize commercialized innovations frequently. Meltdown or not, demand for advanced technologies will almost certainly rise in the long run.\xa0Admittedly, these discounted ideas present choppiness concerns. Still, if you’ve got the stomach, these are the most convincing discounts among tech stocks to buy.\n[{"CTSH": "KLIC", "Cognizant Technology": "Kulicke and Soffa", "$59.75": "$46.91"}, {"CTSH": "SIMO", "Cognizant Technology": "Silicon Motion", "$59.75": "$62.11"}, {"CTSH": "CCRD", "Cognizant Technology": "CoreCard", "$59.75": "$29.25"}, {"CTSH": "PLAB", "Cognizant Technology": "Photronics", "$59.75": "$17.50"}, {"CTSH": "PLUS", "Cognizant Technology": "ePlus", "$59.75": "$45.47"}, {"CTSH": "ITRN", "Cognizant Technology": "Ituran Location and Control", "$59.75": "$21.41"}]\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Vova Shevchuk / Shutterstock.com\nBased in New Jersey,Cognizant Technology(NASDAQ:CTSH) is a multinational information technology services and consulting company. Cognizant offers several solutions, including business process services, cloud-computing applications, industrial automation, and artificial intelligence. Presently, the company commands a market capitalization of just under $30 billion.\nTo be sure, Cognizant – like so many tech stocks to buy if we’re going to compare – suffered steep losses in 2022. In the trailing year, CTSH stumbled and gave up 35.5% of its equity value. However, bullish traders appear to be attempting to reverse this narrative. During the past five days, CTSH managed to return 2.5%.\nAccording to Gurufocus.com’s proprietary calculations for fair market value, Cognizant rates assignificantly undervalued. Objectively, the market prices CTSH at 12.4 times forward earnings. In contrast, the sector median value is nearly 24 times. Moreover, the tech firm enjoys strong profitability metrics and stability in the balance sheet.\xa0On a parting note, since the first quarter of 2021, Cognizantbeat its consensus targetsfor earnings per share. Therefore, it’s worth serious consideration for tech stocks to buy in January.\nSource: ImageFlow/Shutterstock.com\nLocated in Singapore,Kulicke and Soffa Industries(NASDAQ:KLIC) may not attract the most attention among stateside investors. However, that could change soon, transitioning to one of the tech stocks to buy in part because of its relevance.\nPer itspublic profile, Kulicke represents a leading provider of semiconductor, LED, and electronic assembly solutions serving the global automotive, consumer, communications, computing, and industrial markets. With such a wide footprint across diverse industries, even a global recession might not be enough to capsize KLIC.\nTo be fair, the market hasn’t been kind to Kulicke, with shares dropping over 24% of market value in the trailing year. However, in the past six months, KLIC gained nearly 15%. Some of this enthusiasm in the back half of 2022 centers on the fundamentals. In its most recent fiscal Q4 report, Kulickebeat analysts’ estimatesfor the top and bottom lines.\xa0According to TipRanks, analysts’average price target pegs KLIC at $60, symbolizing 33% upside potential. That makes it one of the tech stocks to buy, particularly as Wall Street only prices shares at6.4-times trailing earnings.\nSource: Epic Cure / Shutterstock\nOperating out of Taiwan,Silicon Motion(NASDAQ:SIMO) focuses on developing NAND flash controller integrated circuits for solid-state storage devices. Presently, Silicon Motion features a market cap of just over $2.1 billion. Like other tech stocks to buy, SIMO endured a rough outing in 2022. In the trailing year, shares gave up nearly 30% of market value.\nHowever, it’s also true that in recent sessions, bullish traders have attempted to right the ship. In the trailing month, SIMO gained a hard-fought 1%. In the long run, investors may be quite happy that they took a risk with Silicon Motion.\nFirst, let’s consider what the analysts have to say. Although only four cover SIMO, it rates as aconsensus strong buy: three individual buy ratings and one hold. The average price target stands at $88.25, up nearly 38% from the time of writing.\nSecond, SIMO offers an outstanding discount, with the market pricing shares at under 10 times forward earnings. In contrast, the sector median value is 16.7 times. Therefore, you shouldn’t ignore this opportunity among tech stocks to buy.\nSource: shutterstock.com/CC7\nCalling Norcross, Georgia home,CoreCard(NYSE:CCRD) delivers a powerful and integrated solution for any type of card issuing program including complex credit, according to its website. To be clear, though, CoreCard may face difficult circumstances ahead. Credit card debt soared toall-time recorded highsrecently, which points toward fundamental troubles in the consumer economy.\nStill, there could be a bullish case here for the patient contrarian. According to Gurufocus.com, the underlying business featuresfive green flags and no red flags. That’s actually a rarity for the investment resource. Among the attributes it identified are strong financial strength and low bankruptcy risk (via an Altman Z-Score of 16.3).\nObjectively, CoreCard’s return on equity stands at over 32%, above 93% of the competition. This stat also reflects a superior capacity to convert equity financing into profits. As well, the market prices CCRD at 15.9 times trailing earnings, below the sector median of 25.5 times.\xa0Finally,hedge fundshave started to build a position in CoreCard. If institutional investors think it’s one of the tech stocks to buy, it very well might be.\nSource: Chompoo Suriyo / Shutterstock.com\nA specialty tech firm,Photronics(NASDAQ:PLAB) focuses on photomask products and services. According to its website, it’s the worldwide leader in the space, with applications in mainstream nodes, integrated circuits, and flat panel displays. Right now, the company features a market cap of just over $1 billion. In the trailing year, PLAB lost 12.4%.\nStill, in recent days, the bulls have been pushing to generate positive momentum. It’s quite possible that PLAB could be one of the top tech stocks to buy later this year because it enjoys some good stuff. For instance, Photronics’three-year revenue growth ratestands at 19.2%, beating nearly 73% of its peers. On the bottom line, the company’s net margin pings at 14.4%, better than 61% of industry players.\nPer Gurufocus.com’s proprietary FMV calculations, PLAB ismodestly undervalued. Objectively, you can make the same case. Currently, shares trade at 8.6 times trailing earnings. Also, the market prices PLAB at 1.2 times sales. Both stats ping as undervalued against the underlying industry.\xa0On a final note, TipRanks states thatinsider buying sentiment is positive. That’s one more reason to consider PLAB as one of the tech stocks to buy.\nSource: Zurijeta / Shutterstock.com\nHeadquartered in Hern
**Last 60 Days of Bitcoin's Closing Prices:**
[18541.27, 15880.78, 17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-07
**Financial & Commodity Data:**
- Gold Closing Price: $1864.20
- Crude Oil Closing Price: $73.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $326,065,016,700
- Hash Rate: 260999288.3194051
- Transaction Count: 246679.0
- Unique Addresses: 601071.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Baozun Inc (NASDAQ : BZUN) reported a third-quarter FY22 revenue decline of 8.3% year-on-year to $244.8 million, marginally beating the consensus of $244.5 million . Drivers: Gross Merchandise Volume (GMV) rose 15.9% Y/Y to RMB18.6 billion. Distribution GMV decreased 28.8% Y/Y to RMB559 million. Non-distribution GMV climbed 18.2% Y/Y to RMB18.1 billion. Segments: Product sales revenue declined 28.9% Y/Y to $69.9 million. Services revenue rose 3.8% Y/Y to $174.9 million. The non-GAAP operating margin was 1.0%, up from (4.4)% a year ago. Non-GAAP income from operations was RMB16.9 million ($2.4 million), compared to RMB(84.3) million loss a year ago. Non-GAAP loss per ADS of $(0.03) missed the consensus of $0.03. Baozun held $407.6 million in cash and equivalents. Vincent Qiu, Chair and CEO, commented, "Despite the ongoing challenging environment, I am encouraged with our business resilience. We continue to execute our medium-term plan with discipline, and strategically invest in our business to expand addressable market." Price Action: BZUN shares traded higher by 4.56% at $4.36 in the premarket on the last check Tuesday. See more from Benzinga Bilibili Clocks Healthy Q3 Revenue Growth, MPUs Jump 19% Snap Urges Employees To Resume Full Time Office Starting February Bitcoin, Ethereum, Dogecoin Start Week Lower: Analyst Says 'Most Will Leave Just Before Buy Of A Lifetime Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['$BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba.\nLondon, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system.\nOld Bitcoin ($BC)\nBC DAO\nThe foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution.\nTokenomics\nThe token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects.\nNew Developments that Users can Expect in the Following Years\nThe community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project.\nOther than that, a Roadmap following the community and team goals has also been released.\nOld Bitcoin Roadmap\n1st January 2023\nThe project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain.\nThe project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko.\nFurthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter.\nAbout Old Bitcoin ($BC)\nOld Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending.\nFurthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’sofficial websiteor social platforms, to get more details.\nWebsite|Telegram|Twitter\nReferences:\nERC Contract:https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9\nDEXTools:https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d\nCoinMarketCap:https://coinmarketcap.com/currencies/old-bitcoin-erc/\n###\nOld Bitcoin\nNathan Guericke\[email protected]\nhttps://oldbtc.net\nDisclaimer:\nThis press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', 'Old Bitcoin $BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba. London, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system. Old Bitcoin ($BC) Old Bitcoin ($BC) BC DAO The foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution. Tokenomics The token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects. New Developments that Users can Expect in the Following Years The community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project. Other than that, a Roadmap following the community and team goals has also been released. Old Bitcoin Roadmap Old Bitcoin Roadmap 1st January 2023 The project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain. The project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko. Furthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter. Story continues About Old Bitcoin ($BC) Old Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending. Furthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’s official website or social platforms, to get more details. Website | Telegram | Twitter References: ERC Contract: https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9 DEXTools: https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d CoinMarketCap: https://coinmarketcap.com/currencies/old-bitcoin-erc/ ### Old Bitcoin Nathan Guericke [email protected] https://oldbtc.net Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', '$BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba.\nLondon, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system.\nOld Bitcoin ($BC)\nBC DAO\nThe foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution.\nTokenomics\nThe token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects.\nNew Developments that Users can Expect in the Following Years\nThe community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project.\nOther than that, a Roadmap following the community and team goals has also been released.\nOld Bitcoin Roadmap\n1st January 2023\nThe project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain.\nThe project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko.\nFurthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter.\nAbout Old Bitcoin ($BC)\nOld Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending.\nFurthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’sofficial websiteor social platforms, to get more details.\nWebsite|Telegram|Twitter\nReferences:\nERC Contract:https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9\nDEXTools:https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d\nCoinMarketCap:https://coinmarketcap.com/currencies/old-bitcoin-erc/\n###\nOld Bitcoin\nNathan Guericke\[email protected]\nhttps://oldbtc.net\nDisclaimer:\nThis press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', '• Last year was brutal for crypto markets, with the fallout of FTX, Celsius, and Three Arrows Capital.\n• "Centralized lending and earn products are going the way of the dodo," one exec said.\n• Experts shared their 2023 outlooks and explained how things may get worse before they get better.\nCryptocurrency markets took a major beating in 2022, with the downfall of industry giants like digital asset exchange FTX, algorithmic stablecoin TerraUSD, and now-defunct hedge fund Three Arrows Capital.\nThe industry\'s market cap is off more than 65% from record highs in November of 2021, according to data fromMessari, with bitcoin and ethereum down over 60% year-to-date.\nMany are asking themselves: Can it get any worse?\nFor context, the sector saw an18-month long bear market, dubbed "crypto winter," from 2018 through 2019.\n"Contagion takes a long time to fully play out and we expect that there are still some dominoes to fall in 2023. With that said, we are already seeing a renewed commitment to building better, more trustworthy solutions in the space and expect that trend to be a core theme of 2023," Phil Wirtjes, Head of Strategy at digital asset trading platform Enclave Markets, told Insider.\nAll eyes are onDigital Currency Group,the conglomerate that oversees heavyweights like asset manager Grayscale and crypto brokerage Genesis.\nGenesis is under fire after its lending arm halted withdrawals in November. The firm had exposure to Sam Bankman-Fried\'s collapsed exchange, with$175 millionstuck on an FTX trading platform. Genesis says customers rushed to withdraw funds after FTX filed bankruptcy, which led to a severe liquidity crunch.\n"The impending downfall of Genesis has been a topic of concern for some time, as the majority of its assets are owned by US hedge funds and the market has already adjusted for this news," Andrei Grachev, the Managing Partner at digital asset market maker DWF Labs, told Insider.\nHe added: "While the collapse may not have a major impact on the industry as a whole, it marks the end of an era as DCG, long feared to be the final domino to fall, will finally succumb."\nGenesis slashed30% of its staff on Thursday, a company spokesperson told Insider, with the sales and business- development teams being most impacted by the cuts. Gemini, the cryptocurrency exchange that lent Genesis funds for its interest-bearing product, is trying to recoup $900 million of customer money from the embattled firm.\nThere couldbe majors losses and liquidations throughout the industryif a large firm like Genesis or its parent company DCG were to file for bankruptcy.\n"Lawsuits and bankruptcies will continue for many years. Even today, the coins from the bankruptcy of Mt.Gox from 2014 are awaiting distribution," Tegan Kline, CBO and co-founder of software developer Edge & Node, told Insider. "The biggest unresolved situation right now is the situation with DCG, Genesis, and Grayscale and we are waiting to see what happens there."\nFTX contagion could lead tomore bankruptcies and lawsuits this year as well.\nFedor Muegge, partner at blockchain venture firm 369 Capital, told Insider that the industry hasn\'t seen the FTX or Terra and Luna implosions fully play out yet.\n"We haven\'t even started to really unravel FTX and its network of companies. Further work on this and investigations in other recent events such as the Terra-Case, could lead to more lawsuits," Muegge said.\nHe added: "In addition to that, a lot of smaller players will run out of liquidity during this prolonged bear market which will eventually lead to more bankruptcies. "\n"It\'s possible with major market shock(s), crypto can go even lower than Luna/UST/3AC and FTX times, to $12-13K Bitcoin and $8-900 Ether," Youwei Yang, Chief Economist at crypto mining company BTCM, told Insider, citing potential harsh macro conditions, restrictive regulatory environment, or DCG bankruptcy.\nExpect apullback on double-digit interest yield offerings from centralized firms,because if there\'s anything that we\'ve learned from crypto in 2022, it\'s that if it sounds too good to be true, then it probably is.\nCentralized lender Celsius offered customers nearly 20% annual percentage yields for deposits. The firm laterfiledfor bankruptcy after a liquidity crisis in July.\n"Centralized lending and earn products are going the way of the dodo," Tegan Kline, CBO and cofounder of software developer Edge & Node, told Insider. "You can still earn attractive yields using web3 protocols and dapps, specifically in DeFi."\nAs a result, investors may turn towards decentralized finance, or DeFi protocols like Aave and Compound, or decentralized exchanges like Uniswap.\n"There are many protocols that offer yield from staking to securing the network as with ethereum or DeFi protocols that have come out of the crisis in crypto lending with flying colors," Kline added.\nRead the original article onBusiness Insider', 'Nuthawut Somsuk/Getty Images Last year was brutal for crypto markets, with the fallout of FTX, Celsius, and Three Arrows Capital. "Centralized lending and earn products are going the way of the dodo," one exec said. Experts shared their 2023 outlooks and explained how things may get worse before they get better. Cryptocurrency markets took a major beating in 2022, with the downfall of industry giants like digital asset exchange FTX, algorithmic stablecoin TerraUSD, and now-defunct hedge fund Three Arrows Capital. The industry\'s market cap is off more than 65% from record highs in November of 2021, according to data from Messari , with bitcoin and ethereum down over 60% year-to-date. Many are asking themselves: Can it get any worse? For context, the sector saw an 18-month long bear market , dubbed "crypto winter," from 2018 through 2019. "Contagion takes a long time to fully play out and we expect that there are still some dominoes to fall in 2023. With that said, we are already seeing a renewed commitment to building better, more trustworthy solutions in the space and expect that trend to be a core theme of 2023," Phil Wirtjes, Head of Strategy at digital asset trading platform Enclave Markets, told Insider. What\'s the next shoe to drop this year? All eyes are on Digital Currency Group, the conglomerate that oversees heavyweights like asset manager Grayscale and crypto brokerage Genesis. Genesis is under fire after its lending arm halted withdrawals in November. The firm had exposure to Sam Bankman-Fried\'s collapsed exchange, with $175 million stuck on an FTX trading platform. Genesis says customers rushed to withdraw funds after FTX filed bankruptcy, which led to a severe liquidity crunch. "The impending downfall of Genesis has been a topic of concern for some time, as the majority of its assets are owned by US hedge funds and the market has already adjusted for this news," Andrei Grachev, the Managing Partner at digital asset market maker DWF Labs, told Insider. Story continues He added: "While the collapse may not have a major impact on the industry as a whole, it marks the end of an era as DCG, long feared to be the final domino to fall, will finally succumb." Genesis slashed 30% of its staff on Thursday, a company spokesperson told Insider, with the sales and business- development teams being most impacted by the cuts. Gemini, the cryptocurrency exchange that lent Genesis funds for its interest-bearing product, is trying to recoup $900 million of customer money from the embattled firm. There could be majors losses and liquidations throughout the industry if a large firm like Genesis or its parent company DCG were to file for bankruptcy. "Lawsuits and bankruptcies will continue for many years. Even today, the coins from the bankruptcy of Mt.Gox from 2014 are awaiting distribution," Tegan Kline, CBO and co-founder of software developer Edge & Node, told Insider. "The biggest unresolved situation right now is the situation with DCG, Genesis, and Grayscale and we are waiting to see what happens there." FTX contagion could lead to more bankruptcies and lawsuits this year as well. Fedor Muegge, partner at blockchain venture firm 369 Capital, told Insider that the industry hasn\'t seen the FTX or Terra and Luna implosions fully play out yet. "We haven\'t even started to really unravel FTX and its network of companies. Further work on this and investigations in other recent events such as the Terra-Case, could lead to more lawsuits," Muegge said. He added: "In addition to that, a lot of smaller players will run out of liquidity during this prolonged bear market which will eventually lead to more bankruptcies. " "It\'s possible with major market shock(s), crypto can go even lower than Luna/UST/3AC and FTX times, to $12-13K Bitcoin and $8-900 Ether," Youwei Yang, Chief Economist at crypto mining company BTCM, told Insider, citing potential harsh macro conditions, restrictive regulatory environment, or DCG bankruptcy. Expect a pullback on double-digit interest yield offerings from centralized firms, because if there\'s anything that we\'ve learned from crypto in 2022, it\'s that if it sounds too good to be true, then it probably is. Centralized lender Celsius offered customers nearly 20% annual percentage yields for deposits. The firm later filed for bankruptcy after a liquidity crisis in July. "Centralized lending and earn products are going the way of the dodo," Tegan Kline, CBO and cofounder of software developer Edge & Node, told Insider. "You can still earn attractive yields using web3 protocols and dapps, specifically in DeFi." As a result, investors may turn towards decentralized finance, or DeFi protocols like Aave and Compound, or decentralized exchanges like Uniswap. "There are many protocols that offer yield from staking to securing the network as with ethereum or DeFi protocols that have come out of the crisis in crypto lending with flying colors," Kline added. Read the original article on Business Insider', 'crypto financial advisor At the time of writing the cryptocurrency market was worth about $934 billion. This is down from a market cap of more than $3 trillion in late 2021. Despite the losses, that still makes cryptocurrency a very large market. The upshot is that financial advisors get asked about cryptocurrency quite a bit. Clients want to know if they should invest, or how they should invest, in this market. Finding the right financial advisor is key if you’re thinking about buying crypto as part of your overall portfolio. How Does Your Advisor Talk About Crypto? It’s tempting to treat cryptocurrency as an investment because people have made money in this field. In fact, a few lucky ones have gotten very rich. But that’s the keyword when it comes to the crypto market: luck. Most investors who buy cryptocurrency lose their money, but this seems like a huge opportunity because of the investors who do well tend to make the news. They amass huge fortunes practically overnight and people love a good get-rich-quick story. A seasoned advisor who understands cryptocurrency is likely to recommend that you keep your money in more stable growth investments . Buy cryptocurrency with disposable income, if at all, that you would use to buy a beer, a video game or a hand of poker. That’s money that you already have budgeted for consumption (that is, you spend it and it’s gone). If you make money back, great! If you lose that money, as most people have then it’s an expected loss. Understanding Cryptocurrency Fundamentals vs. Technicals crypto financial advisor There are two main reasons why the cryptocurrency market is properly considered a gamble rather than an investment asset. The technical indicators say that it is one of the most volatile assets on the market. How an asset’s price changes over time, and all of the many ways of analyzing that information, is called an asset’s technical indicators, or “technicals” for short. The technical indicators for any given cryptocurrency are, simply put, all over the place. They follow very few consistent patterns and can double or drop in half over the span of days, if not hours. It’s difficult, if not impossible, to make long-term plans around an asset that has no predictable movement. Story continues Cryptocurrency Has No Fundamental Value The fundamental value determines what an asset would be worth if you didn’t sell it. For example, the fundamental value of a stock is that you own a piece of the underlying company. You are entitled to dividends, shareholder payments and returns and a portion of any eventual sale price or liquidation . This asset has a measurable value even if no one wants it, and that helps people decide if they do want it. Fundamental value is one of the most important ways that investors judge the long-term price of an asset. If the underlying value is strong, then they can invest knowing that other investors will likely want to buy their asset or they can hold it and still make a profit. No cryptocurrency on the market today has demonstrated fundamental value. Some tokens, like Bitcoin , offer themselves as alternative forms of money. But no major economy uses cryptocurrency this way. Others, like Ethereum , offer themselves as “utility tokens.” That means that you buy the cryptocurrency to access some product or service. But in the 14 years that blockchain has been on the market, no project has introduced a viable commercial product based on utility tokens or any other blockchain-based design. This market does not have fundamental value to guide investors. You invest because you think other people will invest. You sell because you think other people will sell. This leads to unpredictability and volatility across the board. A financial advisor who understands cryptocurrency will be able to discuss the asset in these terms rather than the greed or fear that dominates many discussions. What Cryptocurrency Does Blockchain databases attempt to solve the issue of digital ownership. This is an issue that has followed the internet since it was invented. By definition, a computer copies any file that it sees. There’s no way of stopping this, it’s literally how computers work. Historically, digital security has been based on stopping computers from preserving that copy or forcing computers to restrict access to a file they have copied. A blockchain database tries to address this from another angle. They allow unrestricted access to a file while permanently attaching the record of ownership. So, for example, John Smith might own Token 123ABC. You can make unlimited copies of that file because every copy will say “Token 123ABC owned by John Smith.” This is the theory underlying all blockchain-based products. Monetary cryptocurrencies, like Bitcoin, rely on the idea that the database will permanently record who owns each unit of currency. More advanced projects like decentralized apps, essentially streaming software that runs on other computers’ hard drives and processors, and decentralized finance doesn’t have any necessary connection to blockchain databases. Developers use utility tokens for these projects as a form of security and monetization. The trouble with this technology is that it has extremely limited applications. In some cases, blockchain-based tokens have not yet demonstrated any value. Instead of using the energy- and time-intensive technology of a utility token to build your decentralized app, for example, you could simply sell access on a subscription basis. Understanding the Crypto Market crypto financial advisor Even if your financial advisor can’t speak to all of the technicalities of the blockchain itself, they should be able to analyze the financial market of the value of crypto. At the very least, if they are wanting to make purchase recommendations, they should be able to speak to how the price of specific crypto has risen and fallen over time, what causes the price fluctuation and what to expect moving forward. This is well within their specialty as a financial advisor to understand before making any recommendations with your money. For example, the first half of 2022 has been a tough six months for cryptocurrencies as inflation has grown and the market has stumbled. If an advisor can’t provide evidence as to what happened to the market and what they expect the market to do then it wouldn’t be wise to take their recommendation. This is the same with the stock market or other investment options. The Bottom Line An advisor who understands the crypto market will be able to discuss how blockchain and specific coins work. Alternatively, at a bare minimum, they should be able to discuss the crypto market as it relates to price fluctuation. Keep in mind that crypto isn’t a potential asset you can invest in that has a fundamental value like stock or real estate and it is very risky, which is why it’s important to have a financial advisor on your side who understands it before you spend your money. Tips for Investing in Crypto Balancing the risk versus the reward of crypto can be difficult, and so can deciding which crypto to invest in. A financial advisor that understands the crypto market can help you navigate how it falls into your financial plan.\xa0Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now . Buying cryptocurrency can be a roller coaster ride, and investors absolutely should consider this consumption rather than investing. But if you’re interested in looking at crypto for the long term, here’s where to start . ©iStock.com/LanaStock, ©iStock.com/hobo_018, ©iStock.com/doble-d The post Does Your Financial Advisor Understand Crypto? appeared first on SmartAsset Blog .', 'At the time of writing the cryptocurrency market was worth about $934 billion. This is down from a market cap of more than $3 trillion in late 2021. Despite the losses, that still makes cryptocurrency a very large market. The upshot is that financial advisors get asked about cryptocurrency quite a bit. Clients want to know if they should invest, or how they should invest, in this market. Finding the rightfinancial advisoris key if you’re thinking about buying crypto as part of your overall portfolio.\nHow Does Your Advisor Talk About Crypto?\nIt’s tempting to treatcryptocurrency as an investmentbecause people have made money in this field. In fact, a few lucky ones have gotten very rich. But that’s the keyword when it comes to the crypto market: luck. Most investors who buycryptocurrencylose their money, but this seems like a huge opportunity because of the investors who do well tend to make the news. They amass huge fortunes practically overnight and people love a good get-rich-quick story.\nA seasoned advisor who understands cryptocurrency is likely to recommend that you keep your money in morestable growth investments. Buy cryptocurrency with disposable income, if at all, that you would use to buy a beer, a video game or a hand of poker. That’s money that you already have budgeted for consumption (that is, you spend it and it’s gone). If you make money back, great! If you lose that money, as most people have then it’s an expected loss.\nUnderstanding Cryptocurrency Fundamentals vs. Technicals\nThere are two main reasons why the cryptocurrency market is properly considered a gamble rather than an investment asset. The technical indicators say that it is one of the most volatile assets on the market. How an asset’s price changes over time, and all of the many ways of analyzing that information, is called an asset’s technical indicators, or “technicals” for short.\nThe technical indicators for any given cryptocurrency are, simply put, all over the place. They follow very few consistent patterns and can double or drop in half over the span of days, if not hours. It’s difficult, if not impossible, to make long-term plans around an asset that has no predictable movement.\nCryptocurrency Has No Fundamental Value\nThe fundamental value determines what an asset would be worth if you didn’t sell it. For example, the fundamental value of a stock is that you own a piece of the underlying company. You are entitled to dividends, shareholder payments and returns and a portion of any eventual sale price orliquidation. This asset has a measurable value even if no one wants it, and that helps people decide if they do want it.\nFundamental value is one of the most important ways that investors judge the long-term price of an asset. If the underlying value is strong, then they can invest knowing that other investors will likely want to buy their asset or they can hold it and still make a profit. No cryptocurrency on the market today has demonstrated fundamental value.\nSome tokens, likeBitcoin, offer themselves as alternative forms of money. But no major economy uses cryptocurrency this way. Others, likeEthereum, offer themselves as “utility tokens.” That means that you buy the cryptocurrency to access some product or service. But in the 14 years that blockchain has been on the market, no project has introduced a viable commercial product based on utility tokens or any other blockchain-based design.\nThis market does not have fundamental value to guide investors. You invest because you think other people will invest. You sell because you think other people will sell. This leads to unpredictability and volatility across the board. A financial advisor who understands cryptocurrency will be able to discuss the asset in these terms rather than the greed or fear that dominates many discussions.\nWhat Cryptocurrency Does\nBlockchaindatabases attempt to solve the issue of digital ownership. This is an issue that has followed the internet since it was invented. By definition, a computer copies any file that it sees. There’s no way of stopping this, it’s literally how computers work. Historically, digital security has been based on stopping computers from preserving that copy or forcing computers to restrict access to a file they have copied.\nA blockchain database tries to address this from another angle. They allow unrestricted access to a file while permanently attaching the record of ownership. So, for example, John Smith might own Token 123ABC. You can make unlimited copies of that file because every copy will say “Token 123ABC owned by John Smith.”\nThis is the theory underlying all blockchain-based products. Monetary cryptocurrencies, like Bitcoin, rely on the idea that the database will permanently record who owns each unit of currency. More advanced projects like decentralized apps, essentially streaming software that runs on other computers’ hard drives and processors, and decentralized finance doesn’t have any necessary connection to blockchain databases. Developers use utility tokens for these projects as a form of security and monetization.\nThe trouble with this technology is that it has extremely limited applications. In some cases, blockchain-based tokens have not yet demonstrated any value. Instead of using the energy- and time-intensive technology of a utility token to build yourdecentralizedapp, for example, you could simply sell access on a subscription basis.\nUnderstanding the Crypto Market\nEven if your financial advisor can’t speak to all of the technicalities of the blockchain itself, they should be able to analyze the financial market of the value of crypto. At the very least, if they are wanting to make purchase recommendations, they should be able to speak to how the price of specific crypto has risen and fallen over time, what causes the price fluctuation and what to expect moving forward. This is well within their specialty as a financial advisor to understand before making any recommendations with your money.\nFor example, the first half of 2022 has been a tough six months for cryptocurrencies as inflation has grown and the market has stumbled. If an advisor can’t provide evidence as to what happened to the market and what they expect the market to do then it wouldn’t be wise to take their recommendation. This is the same with the stock market or otherinvestmentoptions.\nThe Bottom Line\nAn advisor who understands the crypto market will be able to discuss how blockchain and specific coins work. Alternatively, at a bare minimum, they should be able to discuss the crypto market as it relates to price fluctuation. Keep in mind that crypto isn’t a potential asset you can invest in that has a fundamentalvaluelike stock or real estate and it is very risky, which is why it’s important to have a financial advisor on your side who understands it before you spend your money.\nTips for Investing in Crypto\n• Balancing the risk versus the reward of crypto can be difficult, and so can deciding which crypto to invest in. A financial advisor that understands the crypto market can help you navigate how it falls into your financial plan.\xa0Finding a qualified financial advisor doesn’t have to be hard.SmartAsset’s free toolmatches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals,get started now.\n• Buying cryptocurrency can be a roller coaster ride, and investors absolutely should consider this consumption rather than investing. But if you’re interested in looking at crypto for the long term,here’s where to start.\n©iStock.com/LanaStock, ©iStock.com/hobo_018, ©iStock.com/doble-d\nThe postDoes Your Financial Advisor Understand Crypto?appeared first onSmartAsset Blog.', 'If you\x92re looking for some of the best dividend stocks for grandkids, now is the time to buy. After all, 2022 was an absolute disaster. Whatever could have gone wrong went wrong. For many of us, 2022 became the year to forget.\xa0All thanks to sky-high inflation , rising interest rates , lingering pandemic challenges , war in Ukraine , slowing growth , higher chances for recession , and fed-up consumers . Over the long term, if you\x92re looking for the best\xa0dividend stocks for grandkids, with a long enough timeline and reinvestment of dividends, even a small investment can pay off big. In fact, here are seven you may want to consider. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABBV AbbVie $166.55 ENB Enbridge $40.52 WPC W.P. Carey $80.61 ADC Agree Realty $70.78 KO Coca-Cola $63.40 ABR Arbor Realty $13.79 DLR Digital Realty $101.38 AbbVie (ABBV) medicine research, pharmaceutical background, LJPC stock Source: Sisacorn / Shutterstock.com AbbVie (NYSE: ABBV )\xa0had a strong 2022. I expect 2023 to be just as strong, even with nearing patent expirations on its Humira drug. Helping ABBV just increased its quarterly dividend to $1.48 a share from $1.41, or $5.92 annualized. The stock has a current yield of 3.62%. Sure, its $200 billion Humira drug lost protection in Europe and will face increased competition from biosimilars in 2023, but don\x92t write the stock off just yet. In fact, we have to remember that the company\x92s\xa0Skyrizi and Rinvoq drugs could bring in about $15 billion in sales over the next three years. That alone should take away the sting of Humira. Enbridge (ENB) Person holding the glowing world in their hands with icons with different types of energy. Energy stocks; energy storage Source: PopTika / Shutterstock With a dividend yield of 6.68%, Enbridge (NYSE: ENB ) is a lower risk, high yield opportunity that should keep your portfolio safe from chaos. The company has a wide moat portfolio, including the second longest natural gas pipeline in the U.S., North America\x92s longest crude oil pipeline, and a high-growth renewable power generation business. Even better, the company just boosted its quarterly dividend to $0.8875 per share. It\x92s payable on March 1 to shareholders of record as of Feb. 15, 2023. Moving forward, Enbridge reiterated its 2022 full-year revenue guidance for adjusted EBITDA of $15 billion to $15.6 billion. Story continues It also announced 2023 EBITDA guidance of $15.9 billion to $16.5 billion. In short, Enbridge should have quite a year in 2023. W.P. Carey (WPC) stocks to buy: warehouse interior with shelves, pallets and boxes D Source: Don Pablo / Shutterstock.com When inflation is running hot, take a look at WP Carey (NYSE: WPC ), a net lease real estate investment trust that buys properties directly from companies, and then leases them back to an oftentimes reliable tenant. It\x92s also called a lease-back. Or, where \x93a company sells its real estate to an investor like W. P. Carey for cash and simultaneously enters into a long-term lease. In doing so, the company extracts 100% of the property\x92s value and converts an otherwise illiquid asset into working capital to reinvest in its business or pay down debt, while maintaining operational control,\x94 as noted by the company . What\x92s interesting about WP Carey is nearly all of its rental agreements include contractual rent increases for inflation, according to BNK Invest. In fact, about 60% of the agreements are tied to the consumer price index. Well diversified with industrial, warehouse, office, retail, and self-storage, the REIT also pays a dividend yield of 5.45%. Agree Realty (ADC) Real estate investment trust REIT on an office desk. Source: Vitalii Vodolazskyi / Shutterstock With a yield of 4.17%, Agree Realty (NYSE: ADC ) is another interesting real estate company I\x92ve been focusing on. Much of this has to do with the company\x92s business model, which is aimed at acquiring and developing properties that are net leased to industry-leading omnichannel retail tenants. At the moment, this company has just under 36 million square feet of space it leases to those reliable investment-grade tenants. Better, as of Sept., the company acquired another 303 properties across 42 states for about $1.19 billion. This company\x92s growing property portfolio has allowed it to recently increase its monthly dividend to 24 cents per share, which amounts to $2.88 per share annualized. Even more impressive are its recent earnings. In its second quarter, the company posted revenue of $104.9 million, as compared to expectations of $102.3 million. Agree also increased its full-year acquisition guidance to a new range of $1.5 billion to $1.7 billion. Coca-Cola (KO) a line of Coca-Cola (KO) cans Source: MAHATHIR MOHD YASIN / Shutterstock.com With strong demand, dependable dividends, and incredible earnings growth, Coca-Cola (NYSE: KO ) may be one of the best dividend stocks to consider as a long-term investment. Coca-Cola is also a dividend king, raising its dividend for the last 60+ years. This stock currently carries a yield of 2.83% and continues to be one of the safest stocks on the market. In addition, in its most recent quarter, the company posted earnings per share of 69 cents on sales of $11.1 billion. That\x92s up from the 65 cents on sales of $10 billion during the same quarter last year. Analysts were looking for 64 cents on sales of $10.5 billion. For the year, the company expects revenue growth to fall in the range of 14% and 15%, which is higher than its initial forecast of 12% to 13%. Coca-Cola also raised its growth estimates on adjusted earnings per share to a new range of 6% to 7%, from 5% to 6%. Also company director Herb Allen just bought 33,200 shares for $2 million. That\x92s reason enough for me to recommend it as one of the best dividend stocks for grandkids. Arbor Realty Trust (ABR) the Arbor Realty Trust (ABR) logo on a web browser, magnified by a magnifying glass Source: Pavel Kapysh / Shutterstock.com Arbor Realty Trust (NYSE: ABR ) carries a dividend yield of 11.71%, and is also a REIT I\x92d put in the oversold camp. The company also raised its cash dividend to 40 cents, its 10th consecutive quarterly increase. That was payable back in November. However, we do expect to see another increase to be announced in the near term. Company earnings have also been solid. Distributable earnings for the quarter was\xa0$105.1 million, or\xa0$0.56\xa0per diluted common share, compared to\xa0$75.7 million, or\xa0$0.47\xa0per diluted common share year over year, making it one of the best dividend stocks for grandkids. Digital Realty (DLR) A hallway with server racks on either side in a data center Source: dotshock / Shutterstock With a yield of 4.98%, Digital Realty (NYSE: DLR ) is a real estate stock worth considering. This REIT owns, acquires, develops, and operates data centers, which is a major catalyst for the stock. That\x92s a smart bet once you consider 80% of the world will be online, by 2024, says the firm. We could see about $10.5 trillion of online consumer spending, which could result in explosive new digital services markets. And, by 2027, 41% of enterprise revenue will come from digital services. On the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 It doesn\x92t matter if you have $500 or $5 million. Do this now. The post The 7 Best Dividend Stocks to Buy for Your Grandkids in 2023 appeared first on InvestorPlace .', 'If you’re looking for some of the best dividend stocks for grandkids, now is the time to buy. After all, 2022 was an absolute disaster.\nWhatever could have gone wrong went wrong. For many of us, 2022 became the year to forget.\xa0All thanks tosky-high inflation,rising interest rates, lingeringpandemic challenges, war inUkraine,slowing growth, higher chances forrecession, andfed-up consumers.\nOver the long term, if you’re looking for the best\xa0dividend stocks for grandkids, with a long enough timeline and reinvestment of dividends, even a small investment can pay off big. In fact, here are seven you may want to consider.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"ABBV": "ENB", "AbbVie": "Enbridge", "$166.55": "$40.52"}, {"ABBV": "WPC", "AbbVie": "W.P. Carey", "$166.55": "$80.61"}, {"ABBV": "ADC", "AbbVie": "Agree Realty", "$166.55": "$70.78"}, {"ABBV": "KO", "AbbVie": "Coca-Cola", "$166.55": "$63.40"}, {"ABBV": "ABR", "AbbVie": "Arbor Realty", "$166.55": "$13.79"}, {"ABBV": "DLR", "AbbVie": "Digital Realty", "$166.55": "$101.38"}]\nSource: Sisacorn / Shutterstock.com\nAbbVie(NYSE:ABBV)\xa0had a strong 2022. I expect 2023 to be just as strong, even with nearing patent expirations on its Humira drug.\nHelping ABBV just increased its quarterly dividend to $1.48 a share from $1.41, or $5.92 annualized. The stock has a current yield of 3.62%.\nSure, its $200 billion Humira drug lost protection in Europe and will face increased competition from biosimilars in 2023, but don’t write the stock off just yet. In fact, we have to remember that the company’s\xa0Skyrizi and Rinvoq drugs could bring in about $15 billion in sales over the next three years. That alone should take away the sting of Humira.\nSource: PopTika / Shutterstock\nWith a dividend yield of 6.68%,Enbridge(NYSE:ENB) is a lower risk, high yield opportunity that should keep your portfolio safe from chaos.\nThe company has a wide moat portfolio, including the second longest natural gas pipeline in the U.S., North America’s longest crude oil pipeline, and a high-growth renewable power generation business.\nEven better, the company just boosted its quarterly dividend to $0.8875 per share. It’s payable on March 1 to shareholders of record as of Feb. 15, 2023. Moving forward, Enbridge reiterated its 2022 full-year revenue guidance for adjusted EBITDA of $15 billion to $15.6 billion.\nIt also announced 2023 EBITDA guidance of $15.9 billion to $16.5 billion. In short, Enbridge should have quite a year in 2023.\nSource: Don Pablo / Shutterstock.com\nWhen inflation is running hot, take a look atWP Carey(NYSE:WPC), a net lease real estate investment trust that buys properties directly from companies, and then leases them back to an oftentimes reliable tenant. It’s also called a lease-back.\nOr, where “a company sells its real estate to an investor like W. P. Carey for cash and simultaneously enters into a long-term lease. In doing so, the company extracts 100% of the property’s value and converts an otherwise illiquid asset into working capital to reinvest in its business or pay down debt, while maintaining operational control,” asnoted by the company.\nWhat’s interesting about WP Carey is nearly all of its rental agreements include contractual rent increases for inflation, according to BNK Invest. In fact, about60% of the agreementsare tied to the consumer price index. Well diversified with industrial, warehouse, office, retail, and self-storage, the REIT also pays a dividend yield of 5.45%.\nSource: Vitalii Vodolazskyi / Shutterstock\nWith a yield of 4.17%,Agree Realty(NYSE:ADC) is another interesting real estate company I’ve been focusing on. Much of this has to do with the company’s business model, which is aimed at acquiring and developing properties that are net leased to industry-leading omnichannel retail tenants.\nAt the moment, this company has just under 36 million square feet of space it leases to those reliable investment-grade tenants. Better, as of Sept., the company acquired another 303 properties across 42 states for about $1.19 billion.\nThis company’s growing property portfolio has allowed it to recently increase its monthly dividend to 24 cents per share, which amounts to $2.88 per share annualized. Even more impressive are its recent earnings. In its second quarter, the company posted revenue of $104.9 million, as compared to expectations of $102.3 million. Agree also increased its full-year acquisition guidance to a new range of $1.5 billion to $1.7 billion.\nSource: MAHATHIR MOHD YASIN / Shutterstock.com\nWith strong demand, dependable dividends, and incredible earnings growth,Coca-Cola(NYSE:KO) may be one of the best dividend stocks to consider as a long-term investment.\nCoca-Cola is also a dividend king, raising its dividend for the last 60+ years. This stock currently carries a yield of 2.83% and continues to be one of the safest stocks on the market. In addition, in its most recent quarter, the company posted earnings per share of 69 cents on sales of $11.1 billion.\nThat’s up from the 65 cents on sales of $10 billion during the same quarter last year. Analysts were looking for 64 cents on sales of $10.5 billion.\nFor the year, the company expects revenue growth to fall in the range of 14% and 15%, which is higher than its initial forecast of 12% to 13%. Coca-Cola also raised its growth estimates on adjusted earnings per share to a new range of 6% to 7%, from 5% to 6%.\nAlso company director Herb Allen just bought 33,200 shares for $2 million. That’s reason enough for me to recommend it as one of the best dividend stocks for grandkids.\nSource: Pavel Kapysh / Shutterstock.com\nArbor Realty Trust(NYSE:ABR) carries a dividend yield of 11.71%, and is also a REIT I’d put in the oversold camp.\nThe company also raised its cash dividend to 40 cents, its 10th consecutive quarterly increase. That was payable ba
**Last 60 Days of Bitcoin's Closing Prices:**
[15880.78, 17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-08
**Financial & Commodity Data:**
- Gold Closing Price: $1864.20
- Crude Oil Closing Price: $73.77
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $326,790,500,006
- Hash Rate: 259304487.74590245
- Transaction Count: 228488.0
- Unique Addresses: 565595.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was a perfect storm for bitcoin mining companies in 2022: Interest rate hikesincreased the cost of capital, mining bitcoin became less profitable ashashrate stubbornly trudged upwardwhile bitcoin’s price tumbled and mining companies’ treasury management strategies failed them.
The result of the tempest shows up in the stock prices of the five biggest public miners by hashrate. In 2022, Core Scientific ($CORZ), Riot Blockchain ($RIOT), Bitfarms ($BITF), Iris Energy ($IREN), and CleanSpark ($CLSK) traded down 99%, 85%, 91%, 92% and 79%, respectively.
Ouch.
No, this doesn’t mean that Bitcoin is dead or that bitcoin (BTC) is destined for $0.I have quite literally written the opposite. It doesn’t even necessarily mean that the public mining companies will disappear. What it definitely does mean is that we’re due for (and are in the midst of) a bit of restructuring and strategy rationalization that will leave the mining industry better than it was before.
For the last few years, some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital. This works really well when two things hold true:
1. The price of bitcoin is increasing, so the amount of people looking to get involved in Bitcoin for the sake of not missing out is high.
2. The cost of capital is cheap, so the amount of people looking to get involved in Bitcoin for the sake of yield is high.
And these two things were true for the last couple of years. So we had this really weird situation where bitcoin mining companies, who are in the business of mining bitcoin, weren’t explicitly making money by mining bitcoin. Instead, they were making money by financing the mining of bitcoin.
This is a bit of an oversimplification, but really just a bit.
In our theoretical world, a bitcoin mining business makes money like this: The business has bitcoin mining machines which mine bitcoin, and the business in turn exchanges a portion of that mined bitcoin to pay for the expenses needed to run the business.
In our wacky world, a bitcoin mining business makes money like this: The business has bitcoin mining machines which mine bitcoin and the business in turn takes capital from the debt or equity markets to pay for the expenses needed to run the business.
I’m not saying companies do this exactly, but there are mining companies like Marathon Digital that have stuffed all the bitcoin it has mined the last 26 monthson its balance sheet, rather than selling any of it to pay for operations.
Bluntly, this doesn’t make a shred of sense to me. I stand by the idea that businesses should strive to function as a going concern in the long run – without a dependence on the capital markets – and make more money than it costs to make that money. Otherwise, that business shouldn’t exist.
So when our wacky world moves on to a place where: 1) the price of bitcoin is decreasing, 2) the cost of capital is increasing, and 3) bitcoin mining is getting more competitive, you might be in for a world of hurt.
Well, all those things happened in 2022, so cue the recent news of aCore Scientific bankruptcy, a fulsome restructuring and capital infusion to saveArgo from bankruptcy, andthe resignation of Bitfarms’ CEO.
What now? We know the public mining companies are struggling, but amid all the pessimism there’s (of course) reason for optimism.
See, in theory, mining companies will mine when it’s profitable and won’t mine when it’s not profitable. The mining machines these companies run can be shut off and turned on easily.
But in practice, miners aren’t shutting down and ramping up their operations based on the everyday price movements of bitcoin or electricity. Instead, miners mine consistently through market vacillations. And because of that, there is a need to practice some sort of treasury management strategy that extends beyond “hold all the mined bitcoin.”
The strategy would involve some sort of consistent exchange of a portion of mined bitcoin to fund operations. Because eventually the price of bitcoin might start going down or the price of electricity might start going up.
Or both.
Public markets investors value both a predictability of cash flows and upside valuation potential. Public bitcoin mining companies have the latter in spades, but the former is sorely missing. A proper treasury management solution should anticipate and mitigate the unevenness of profitability associated with the markets that govern the bitcoin mining industry.
This strategy wouldn’t allow a mining business to hold on to as much bitcoin as possible to sell at an elevated value during a bull market, but it would allow the mining business to more easily handle market stress. Besides, miners aren’t in the business of timing markets; they’re in the business of mining.
So whatever happens now, at the very least we should expect that the mining companies that survive this perfect storm and market downturn will make some sort of change. I think big, public mining companies will revisit their “hold all the mined bitcoin” strategy and that should better equip them to thrive well into the future.
Assuming, of course, the miners learn anything from this....
- Reddit Posts (Sample): [['u/onceuponanutt', 'I think I found the shares... part 3', 3730, '2023-01-08 01:44', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/', '# Legend\n\n1. Previous Posts\n2. Housekeeping\n 1. "GME Tokens Are Collateral"\n 2. Using Tokens to Manipulate Stocks\n 3. "The $100k GME Token"\n 4. "Why is it still trading?"\n 1. CoinMarketCap & DefiChain\n 2. Nomics & FTX\n3. Obfuscation With Tokenized Stocks\n4. Swiss Cheese Has Lots of Holes\n5. "Locating" the Problem\n6. TL,DRS\n\n\\---\n\n# 1 - Previous Posts\n\n[Clarity on existing GameStop tokens](https://www.reddit.com/r/Superstonk/comments/yvme4o/clarity_on_existing_gamestop_tokens/)\n\n[The FED is not the final boss... not even close](https://www.reddit.com/r/Superstonk/comments/z8c7nu/the_fed_is_not_the_final_boss_not_even_close/)\n\n[Something may have just snapped in the crypto world](https://www.reddit.com/r/Superstonk/comments/ysktig/something_may_have_just_snapped_in_the_crypto/)\n\n[I think I found the shares...](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/)\n\n[I think I found the shares... part 2](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/)\n\n# 2 - Housekeeping\n\nI\'ve seen many theories surrounding tokenized stocks. I would like to address 4 which I believe to be incorrect based on my current understanding.\n\nI would be happy to be proven wrong on these if anyone can present a good case!\n\n# 2a - "GME Tokens Are Collateral"\n\n\\[redacted\\]\n\n# 2b - Using Tokens To Manipulate Stocks\n\n**SHF can\'t use tokenized stocks** ***directly*** **to short into the stock market.** Tokenized stocks are assets that reflect the price of the underlying stock, nothing more. A is the stock and B is simply a derivative that follows A, to my knowledge there is no mechanism by which manipulating B will affect A in any way.\n\nPunching steam will not affect the water from which it boils.\n\n# 2c - "The $100k GME Token"\n\nThe OP of this series of posts, in my view, is confidently incorrect on a number of things.\n\nI have done my best to offer criticism in a rational and constructive manner. OP has been quick to call me out for "spreading FUD" while simultaneously committing almost every [logical fallacy](https://thebestschools.org/magazine/15-logical-fallacies-know/).\n\nAs I\'ve said before many times, I have nothing against OP, in fact I\'m interested the same token, albeit from a different angle. We\'re all in this together, but these claims don\'t add up. Here\'s it all laid out if you\'re curious;\n\n​\n\npost- [THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/)\n\ntldr - 1) Wrapped GameStop was somehow [this bailout](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) Melvin Capital received and 2) 1 Wrapped GameStop = $100,000\n\n[My reponse](https://www.reddit.com/r/Superstonk/comments/z1w3yj/debunking_the_front_page_post_the_gme_token_was_a/)\n\n[OP\'s response to my response](https://www.reddit.com/r/Superstonk/comments/z2bap3/debunking_the_debunking_the_font_page_post_the/?utm_source=share&utm_medium=web2x&context=3) (the top 2 comments share my sentiment)\n\n​\n\npost - [THE TOKEN FILES](https://www.reddit.com/r/Superstonk/comments/zk9tqr/the_token_files/)\n\ntldr - tokenized stocks are important\n\n[My response](https://www.reddit.com/r/Superstonk/comments/zk9tqr/comment/izyzqi5/?utm_source=share&utm_medium=web2x&context=3) (includes back and forth with OP)\n\n​\n\npost - [THE $100,000 GME TOKEN - PART 1](https://www.reddit.com/r/Superstonk/comments/zlvj1c/the_100000_gme_token_part_1/)\n\ntldr - math is hard\n\n[My response](https://www.reddit.com/r/Superstonk/comments/zlvj1c/comment/j080z3p/) (includes back and forth with OP, accuses me of spreading FUD by "attacking" posts, despite the first sentence of my comment here)\n\n​\n\npost - [MAJOR PLAYERS AND THE GME TOKEN - PART 1](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/)\n\ntldr - lots of Eth was involved in a token with a mirrored market cap to GameStop\n\n[My response](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/j2utq6r/?context=3)\n\n[Another great response](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/j2utf6v/?context=3)\n\n\\---\n\nMy only purpose in laying this out is to highlight that **not a single one of my questions have been answered or my concerns addressed**.\n\nhttps://i.redd.it/csm3ptemrxaa1.gif\n\nI\'ll let that speak for itself.\n\n\\---\n\n\\[redacted\\]\n\n# 2d - "Why Is It Still Trading?"\n\nFirslty, let\'s address what "it" is. Many people use the term "GME token" as if there is only 1. **This is misleading. There are many tokens with some variation of "GameStop" in the name**, as I outlined in my [post](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/), and the names matter for the purposes of differentiation.\n\nThe one token I, and others, have been focusing on is [Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496), and while many people argue that FTX didn\'t mint it directly, as they only *received* tokens, this is the only token out of the bunch that [lists FTX directly in the mint](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9).\n\nRegardless, there have been a bunch of posts and comments recently noticing trading volume in the asset \'FTX Tokenized GameStop\', whose origins are mysterious and legitimate trading history is virtually rumor;\n\n[How is the FTX GameStop tokenized scam still trading?](https://www.reddit.com/r/Superstonk/comments/zgzdsx/how_is_the_ftx_gamestop_tokenized_scam_still/)\n\n[How is this still trading???](https://www.reddit.com/r/Superstonk/comments/zk64tw/how_is_this_still_trading/)\n\n[Why is GME FTX token still trading and trading at 2 dollars more? So many questions and crime!](https://www.reddit.com/r/Superstonk/comments/zq27i8/comment/j0vwel0/?context=3)\n\n[Found some infinity liquidity! FTX’s, GME Tokenized stock is still trading! What the hell is going on?](https://www.reddit.com/r/Superstonk/comments/zqw273/found_some_infinity_liquidity_ftxs_gme_tokenized/)\n\nIt is my working theory that Wrapped GameStop token is in fact the same FTX Tokenized GameStop we see in these charts, but that\'s a story for section 3.\n\nThe answer to the question of *why it\'s still trading*? **It\'s not.** Sort of.\n\n# 2di - CoinMarketCap & DefiChain\n\nThe sources often cited for most of the recent FTX Tokenized GME trading data comes from trading charts.\n\nThe [Yahoo chart](https://finance.yahoo.com/quote/GME-USD/) pulls its data from CoinMarketCap, the world\'s most-referenced price-tracking website for cryptoassets, and the [CoinMarketCap chart](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/), in addition to other similar sites like [Finbold](https://finbold.com/cryptocurrency/gamestop-tokenized-stock-defichain/), pulls its [data](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/markets/) from [DefiChain](https://defiscan.live/dex), a "DEX" on the [Defi Blockchain](https://defichain.com/).\n\nDefiChain uses [oracles](https://medium.com/coinmonks/defichain-basics-prices-and-oracles-8afd0fb49a09), "automated price feeds" from sources like NASDAQ, Tiingo, IEX Cloud, to price their tokenized stock assets, denoted dXXX or *decentralized-\\[insertnamehere\\].* [Defi Oracles](https://oracles.dfc.fuxing.dev/) claim to be open and automated, but they seem to be quite secretive, making both of those claims hard to verify.\n\nhttps://preview.redd.it/l03r7terrxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=48460bfc65541cd05444efa1f26f5da467d51d0f\n\nAn example of a Defi asset is **dGME** is referred to as \'*decentralized GME\'* on the Defi Blockchain and currently has [7 of 12 active oracles](https://defiscan.live/oracles/GME-USD) (7 places it\'s getting data);\n\n​\n\nhttps://preview.redd.it/qjthzhytrxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=91eb1f1dc9efbeae12bfc6478eb84ce7e20bf5cd\n\nThe CoinMarketCap source for the FTX Tokenized GameStop is one specific [DEX liquidity pool](https://defiscan.live/dex/dgme) between [dGME](https://defiscan.live/tokens/dgme) and [dUSD](https://defiscan.live/tokens/dusd) (decentralized USD, **not USD -** CoinMarketCap converts to USD but DefiChain does not, if you\'re wondering why the price is different). Simple enough? Not really.\n\nThis is where it gets fucky.\n\nhttps://i.redd.it/03rf1mowrxaa1.gif\n\nYou can click around the Defi website and block explorer, but it doesn\'t give you much data. One interesting thing I noticed was that on the [dGME creation transaction](https://defiscan.live/transactions/81b92c7595341ec3f74eee9c309e76684fc327f641daf732296153622c5e0284), the "fee" states "**Coinbase"**.\n\nThat\'s odd...\n\nEspecially when the counterpart in the liquidity pool on DefiChain, **dUSD** [(minting transaction)](https://defiscan.live/transactions/080438d4401d1257b537896a335e041d8efa47e6a71c2ffeb6491f0f4dc0e531), **lists the fee in DFI** (native token, like Eth for Ethereum). dETH, dBTC, dUSDT, dDOGCOIN and many others all list their "fee" in DFI, **yet some tokenized stocks list the \'fee\' as Coinbase**.\n\nSo I started to poke around on Coinbase.\n\nThe [Coinbase chart](https://www.coinbase.com/price/gamestop-tokenized-stock-ftx) for the "FTX Tokenized GameStop" **lists the Ethereum coin** [**GameStop.Finance**](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590) **as its source**, another token I discussed in my [part 2 post](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/), a project supposedly [made by some options gambling dejens](https://www.gamestop.finance/).\n\nSo Yahoo and Finbold point to CoinMarketCap which points to Defi Blockchain which points to a DefiChain DEX pool with a dGME token which points to coinbase which points to a bullshit token back on Ethereum.\n\nI found that by poking around on the Coinbase website, so I figured I would look elsewhere to see if anywhere else had some spicy peppers for me to anally injest. And low and behold...\n\n# 2dii - Nomics & FTX\n\nNomics, one of the largest crypto indexes, also lists DefiChain as the [source](https://nomics.com/assets/ftxgme-ftx-gamestop-token) for the FTX Tokenized GameStop asset.\n\nHowever, they **also list** [**9 separate FTX Tokenized GameStop markets**](https://nomics.com/markets/ftxgme-ftx-gamestop-token/usd-united-states-dollar/markets), 8 from FTX (1 spot and 7 derivatives), and 1 from Bittrex (spot);\n\n[note the last update in the right column](https://preview.redd.it/2ewabi40sxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=8f2f8c588ab4d8e4f76227daff9f552620317635)\n\nOk weird, that\'s another story, but finding this was relatively similar to the other tokens, just simple searches. So I tried looking again here by searching the GME ticker in the Nomics search bar,\n\nAnd found ***another one*** **-** [GameStop (GME)](https://nomics.com/assets/gme4-gamestop), which updated as of Nov 29, 2022, right around the time FTX went under (officially). It costs $0.00000000000788 USD and has a listed contract on bloody [**Binance**](https://bscscan.com/token/0xb53db5126cbedca2e46f5f707fc7a96e0d2c8d19)**.**\n\nWell slap me twice and call me Susan, 1 quadrillion quantity, converting at $1=126,966,343,634 GME tokens.\n\nAnd what does the Binance contract transaction history list for this token?\n\n[Pancakeswap V2:GME 45](https://bscscan.com/address/0xbdf464d987eca1e87dbe7438b0f0b493ec773405)\n\nWith on chain transaction history, the last of which was the end of [Nov \'22](https://bscscan.com/tx/0xa3bdd6dd9e1918022805f26e9ead599646359a715983800710541ff8510b439d)? And another [swap](https://bscscan.com/tx/0x1673cf7e90efebdc6acd021c857b5a4344413af26be681f703fa0bc1d70b9102) here from October where someone exchanged $2.62 for 339 **billion** tokens?\n\n**Here we fucking go.**\n\nI found about a dozen "GME" tokens and about 25 Uniswap "GME" liquidity pools on Ethereum, now you\'re telling me there are at least **45** liquidity pools in Pancakeswap via Binance Chain alone?\n\nAnd *decentralized assets* (freely mintable assets on DefiChain) [can be invested in on Cake Defi!](https://cakedefi.medium.com/invest-in-decentralized-assets-such-as-dtsla-on-cake-defi-d4f32ff2b0f9)? Another "DEX"?!\n\nWhile Coinbase lists other "GME" tokens like [GameStop DEFI Token](https://www.coinbase.com/price/game-stop-defi-token)?! Could this be why the "fee" from DefiChain\'s GME is Coinbase? What happened to dGME?\n\nBut [GameStop DEFI Token is on Ethereum and has 10M supply](https://etherscan.io/token/0x7F7CfeCF89AA08732c239194b54763E403557eef), just like [Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496)?!\n\nBut if DefiChain led me to Coinbase which led me to Binance Chain which led me to Pancakswap, then why does **GME DEFI token** have an [active liquidity pool on **Uniswap**](https://app.uniswap.org/#/swap?inputCurrency=0x7f7cfecf89aa08732c239194b54763e403557eef&outputCurrency=ETH&use=V2)?!\n\nWhy was it also [minted on Jan 27, \'21](https://etherscan.io/tx/0x2f353814536214f94861b1754a133dad15444a42380336fb54d48dd2118b6d64)? Whose first [interaction](https://etherscan.io/tx/0xbfef073ce5141fb41e66699546fdf7be8df0166663a978e8d3602b60d772338f) was with a [contract](https://etherscan.io/address/0x51e3e211adbec898da42883bb96d1eb176ccf4c3) that [washed 328 Eth](https://etherscan.io/tx/0x0c626179e893ae34226b61f365ea5efd648849743167d1e0fe5fb25136b229be) via Tornado Cash ($408k at the time).\n\nWho [received](https://etherscan.io/tx/0x0c626179e893ae34226b61f365ea5efd648849743167d1e0fe5fb25136b229be) that very 328 washed Eth from this [address](https://etherscan.io/address/0xef7d6661fae2082ef0cecd42b322a3960eb87f66) that **just happens to also be** **holding** [**77k Wrapped GameStop**](https://etherscan.io/tokenholdings?a=0xef7d6661fae2082ef0cecd42b322a3960eb87f66)**?! And has direct interactions with** [**Alameda**](https://etherscan.io/tx/0xd311b9ed38bc49fade00eeee1d9c1280f36bba2072134367e058984ff2ade828) **and** [**Jump Trading**](https://etherscan.io/tx/0x0e3fd40352216b6fa341a5bcd7c2caaa121186f9a9a53d4fdb805af4ed1cce47)**?! Just like I said in my** [**part 1**](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/)**!?**\n\nAnd the [2nd largest holder of GME DEFI](https://etherscan.io/token/0x7f7cfecf89aa08732c239194b54763e403557eef?a=0x4aff505e17750dbc48055809383d346875c5f6a2) also [owns 200,000](https://etherscan.io/tokenholdings?a=0x4aff505e17750dbc48055809383d346875c5f6a2) of [GAME-STOP](https://etherscan.io/token/0xdb3d6e48caab4d22b3e448afff98f05ee0ba76a2) with the [first transaction also from Jan 27, \'21](https://etherscan.io/tx/0x117ac12bdf3d97a528dca9df4504065b169a104e6a535a1f939bd4cca352e15b)?!\n\nhttps://i.redd.it/x6zddmb5sxaa1.gif\n\nWe\'ve cum full circle. And my brain hurts. Isn\'t this really fucking confusing?\n\nYes, yes it is...\n\n**And I think that\'s the point.**\n\n# 3 - Obfuscation with Tokenized Stocks\n\nSo where are we up to now? FTX, Uniswap, Ethereum, Wrapped GameStop, Coinbase, Binance, Pancake, DefiChain, GME DEFI Token, multiple GME tokens, multiple blockchains, multiple liquidity pools, names, transactions, names, transactions, names, transactions. Ugh. It\'s exhausting.\n\nhttps://i.redd.it/uw0chxt7sxaa1.gif\n\nThis entire journey I\'ve embarked on is a confusing 3d labyrinth of breadcrumbs with bread walls and bread tits and bread shoes and a bread hat and bread glasses and bread asses. So much bread.\n\nAnd in my carbohydrate-induced exhaustion, I had an epiphany. A simple, beautiful realization - you know who else is going to be exhausted looking at this stuff? **Everyone.**\n\nWhile I appreciate that I\'m just a regular person looking at news articles and publicly available information on block explorers, aka not doing anything extraordinary, what I am doing, which is combing through data, is *fractally* more complex at every step.\n\n^(It\'s definitely easier for someone in a qualified position to be doing this, but it still has to be frustrating and confusing. Mix that in with the legal restrictions between these organizations and regulators operating on a global scale, I\'m not surprised that little has been done to tackle these problems. It sucks, and I wish the system were better, but I get it.)\n\nI suddenly realized that in trying to focus on the details, I lost sight of the bigger picture, something I could easily see ^(speculatively) as a being **part of the plan** **by bad actors to fool/distract/deter regulators**.\n\nAnyways, unluckily for financial criminals, I\'m too stupid to fall for their intelligent manipoolation.\n\nYou can\'t get lost in the weeds if you\'re already lost before you get there.\n\n# 4 - Swiss Cheese Has Lots Of Holes\n\nTake a breath, this is a long one. ^(butt worth it)\n\nSo, the one token I, and others, have been primarily focusing on is [Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496), and while many people argue that FTX didn\'t mint it directly, as they only *received* tokens, this is the only token out of the bunch that [lists FTX directly in the mint](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9).\n\nFor this reason, it has been my working theory that the Wrapped GameStop token was minted by, or at least with the knowledge of FTX, and was the \'FTX Tokenized GameStop\' asset they traded on their internal systems.\n\nBut as I mentioned above, GameStop DEFI Token may also be in the mix with FTX, and as I mentioned above, **I may be looking in the wrong place.**\n\n\\---\n\nSummarizing the fantastic work from /tjoma90;\n\n[\\[German DD\\] Research on CM-Equity AG and all FTX companies located in Germany and Switzerland including their leadership. Connection between Binance Germany and FTX discovered. Part 1/2](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/)\n\n[\\[German DD\\] Research on CM-Equity AG and all FTX companies located in Germany and Switzerland including their leadership. Connection between Binance Germany and FTX discovered. Part 2/3](https://www.reddit.com/r/Superstonk/comments/yyjxaz/german_dd_research_on_cmequity_ag_and_all_ftx/)\n\n[\\[German DD\\] Research on CM-Equity AG and all FTX companies located in Germany and Switzerland including their leadership. Connection between Binance Germany and FTX discovered. Part 3/3](https://www.reddit.com/r/Superstonk/comments/yykns2/german_dd_research_on_cmequity_ag_and_all_ftx/)\n\ntldr;\n\n* CM-Equity AG issued "GME tokenized stock"\n* Almost all FTX related companies in Germany and Switzerland seem to be shell companies run by a small group of people\n* There is a connection between Binance Deutschland GmbH and FTX Derivatives GmbH in Switzerland, which was dissolved \\~3 weeks before CZ\'s tweet (liquidating FTT, initiating collapse)\n\n\\---\n\n* CM-Equity AG\n * LEI 529900FYFELVOBF2P080\n * CM-Equity AG is /was the manufacturer of the product: " Tokenized Stocks GAMESTOP CORP-CLASS A (bilateral OTC derivative contract)" [Basic Information Sheet](https://products.cm-equity.de/wp-content/uploads/2021/05/20210528_FTX_GME_EN.pdf)\n * CM-Equity AG stated in [a correction dated 11/11/22](https://cm-equity.de/en/rectification-to-the-publication-alameda-research-llc/) that it does not have a business relationship with Alameda Research LLC and that the cooperation with FTX Trading GmbH was discontinued as of 12/31/2021. Furthermore, the company was also not responsible for offering tokenized shares via the FTX platform.\n * Besides GME, there are another [2245 basic information sheets](https://cm-equity.de/vivid-invest/) for different tokenized stocks / precious metals or fractional shares. These all appear to be identical in themselves with adjusted stock names.\n* **Digital Assets DA AG is a former company name of FTX Europe AG. Ownership of \\~10% in CM-Equity AG**\n* FTX Trading GmbH\n * [HRB 220867 District Court of Hanover](https://www.northdata.com/FTX+Trading+GmbH,+Hannover/HRB+220867)\n * \\[2 managing directors\\] Hartmut Rhotert and Max Hartmut Alexander Rhotert seem to be the same person.\n\n[location of FTX Trading GmbH](https://preview.redd.it/63ms051csxaa1.jpg?width=386&format=pjpg&auto=webp&v=enabled&s=4a0f1307be4350ffff5f1f9fa9f7f1247185f8f7)\n\n* **FTX Certificates GmbH**\n * [CHE-162.267.877](https://www.northdata.com/FTX+Certificates+GmbH,+Pf%C3%A4ffikon/CHE-162.267.877)\n * **previous company names: DAAG Certificates GmbH** (until 04/21/2022), Kali Hodling GmbH (until 12/29/2020)\n * There are currently [73 active companies registered here](https://www.monetas.ch/en/1619/Firmen-an-selber-Adresse.htm?Page=1&Street=Churerstrasse&StreetNo=135&Zip=8808&Town=Pf%C3%A4ffikon):\n * You can easily find Ponzi schemes and shell companies on this address back to 1994. Some examples are “Beltrust Management AG” and “IPCO Investment AG” these two companies alone have stolen \\~100M$ of customer funds over just few years almost 3 decades ago.\n * German Ape /EddyRosenthal pulled a Glacier Capital and [went to take pictures](https://www.reddit.com/r/Superstonk/comments/yxo0ch/apes_on_the_ground_breaking_ftx_switzerland_was_a/). I salute you.\n\n[location of FTX Certificates GmbH](https://preview.redd.it/defheblfsxaa1.jpg?width=381&format=pjpg&auto=webp&v=enabled&s=ba4b76ad55beadeb9bdfa04c41032a513d24e0de)\n\n* FTX Europe AG\n * [CHE-175.231.191](https://www.northdata.com/FTX+Europe+AG,+Pf%C3%A4ffikon/CHE-175.231.191)\n * previous company name: Digital Assets DA AG (until 02/15/2022)\n* FTX Switzerland GmbH\n * [CHE-268.689.958](https://www.northdata.com/FTX+Switzerland+GmbH,+Pf%C3%A4ffikon/CHE-268.689.958)\n * previous company names: Canco GmbH (until 01/20/2012) Crypto Lawyers GmbH (until 02/08/19) K&G Lawyers For International Business And Tax Law GmbH (until 02/04/2019).\n* FTX Derivatives GmbH\n * [CHE-153.425.864](https://yellowpages.swiss/location.cfm?key=2493614&company=FTX-Derivatives-GmbH&art=HRB)\n * previous company name: Digital Derivatives GmbH (until 04/08/2022)\n* FTX General Partners AG\n * [CHE-313.215.416](https://www.northdata.com/FTX+General+Partners+AG,+Pf%C3%A4ffikon/CHE-313.215.416)\n * previous company name: General Partners AG\n* **BINANCE DEUTSCHLAND GMBH & CO. KG**\n\n[https:\\/\\/coincodex.com\\/article\\/11104\\/binances-tokenized-stock-feature-draws-attention-from-uk-regulator\\/](https://preview.redd.it/srqhffwjsxaa1.png?width=605&format=png&auto=webp&v=enabled&s=76db4fe74a2842e375927b3023ae8d9d81bd81e0)\n\n* [HRA 205838 District Court of Hanover](https://www.northdata.com/Bimit+Deutschland+GmbH+%26+Co.+KG,+Hannover/HRA+205838)\n\nhttps://preview.redd.it/0nirppwlsxaa1.png?width=605&format=png&auto=webp&v=enabled&s=a40f6c27a2b2257067c6e846c91ca121ae10023f\n\n>If I understand it correctly this document tells us that **the Company Digital Derivatives GmbH (later renamed to FTX Derivatives Ltd) was registered by Crypto Lawyers GmbH (later renamed to FTX Switzerland GmbH)** and Ukaj Ernest. \n> \n>I guess this is a notary confirmation of FTX Derivatives GmbH registry on an request from Binance. Max is that guy again who is manager of FTX Trading GmbH in Germany.\n\nhttps://preview.redd.it/cx2lwnhnsxaa1.png?width=586&format=png&auto=webp&v=enabled&s=9cd79e910ad5dbbb70a502f8e7c0911040d3686f\n\n>Translation: We, the undersigned, hereby apply for registration in the commercial register: \n> \n>FTX Derivatives GmbH as limited partner has left the company.\n\n​\n\n>That was a lot of Documents, **but I want to provide this to you and maybe someone can figure out why there is a connection between FTX and Binance.**\n\n[***Binance***](https://bscscan.com/token/0xb53db5126cbedca2e46f5f707fc7a96e0d2c8d19)***, you say?***\n\n\\---\n\nSoo...\n\n[**SIX**](https://www.six-structured-products.com/en/underlying/gamestop-corp-US36467W1099#) lists GME\'s ISIN as US36467W1099 **- the Swiss stock exchange I included in my** [**part 2 post**](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/) (section 2.2) **for being part of SDX -** "*the world’s first fully regulated Financial Market Infrastructure* ***offering issuance, listing, trading, settlement, servicing, and custody of digital assets***"\n\n(Oh, and [CM Equity AG is now a part of SDX](https://cm-equity.de/cm-equity-joins-six-digital-exchange-csd-platform/))\n\n[https:\\/\\/registers.esma.europa.eu\\/publication\\/searchRegister?core=esma\\_registers\\_priii\\_securities](https://preview.redd.it/ut0p4u5psxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=04b5ba2816844d2c9284ef29c0e8a2fca23eb33c)\n\nAnd the issuer of this **derivative**\'s Legal Entity Identifier (LEI) is **DAAG Certificates GmbH;**\n\nhttps://preview.redd.it/x7qb7p3tsxaa1.png?width=975&format=png&auto=webp&v=enabled&s=bda4bb3f36e29ed4d9a2e64b98d8060536614dc6\n\nwhich used to be **FTX** ;\n\n[https:\\/\\/www.lei-lookup.com\\/record\\/506700N3EE6U50944T62\\/](https://preview.redd.it/osf9fivusxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=00df5175588fb1d35bb7c9325eb2acb4fc59ebf6)\n\n[https:\\/\\/opencorpdata.com\\/lei\\/506700N3EE6U50944T62](https://preview.redd.it/jb4pkv1wsxaa1.png?width=1001&format=png&auto=webp&v=enabled&s=099d05ee133b8dec2b0f9aaa40f23066cb345a6c)\n\n**Yes, FTX issued a GME crypto derivative and then changed their name.**\n\nAnd what asset was that? Well it\'s ***yet another*** [GME token on Solana](https://explorer.solana.com/address/Ac2wmyujRxiGtb5msS7fKzGycaCF7K8NbVs5ortE6MFo), the blockchain where SBF built his program Serum, the one that [accepted 2.5M](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9) of the 10M Wrapped GameStop token.\n\n*This is a shitcoin!* I still hear you say. *Anyone could have minted it! And the last address to interact with it also owns other shitcoins like* [*Gamestonks*](https://explorer.solana.com/address/BrwgXmUtNd32dTKdP5teie68EmBnjGq8Wp3MukHehUBY)*!*\n\nWell, this Solana shitcoin GameStop is actually [**the only Gamestop Token issued by DAAG Certificates GmbH**](https://web.archive.org/web/20210624234220/https:/digitalassets.ag/assets/files/GME.pdf) (section 1.9, bottom of page 5), aka FTX.\n\n**^(boom)**\n\n# 4 - "Locating" The Problem\n\nMy theory is very simple;\n\n* **market makers are using their ability to purchase these tokens as locates for naked short selling into the stock market, and hiding behind the complexities and difficulties of the systems to fight another day.** They may not even own these tokens directly, simple the *ability* to buy them may be enough.\n * Queue \'no one looks for a bullet wound in a bombing\' from *Sherlock Holmes Game of Shadows*\n* FTX\'s stipulation that "our tokenized stocks are redeemable 1:1" in their terms satisfy the (bullshit) conditions for market makers to naked short sell. FTX knew this, obviously, and conspired with CM-Equity AG, their registrar, who claimed directly but quietly that no, these tokens are in fact **not** redeemable for shares;\n\nhttps://preview.redd.it/0wdizxk1txaa1.png?width=403&format=png&auto=webp&v=enabled&s=2b5e20c8ccded854bda07f6fd7ec92b0f296bcfa\n\nhttps://preview.redd.it/d9hanpl2txaa1.png?width=768&format=png&auto=webp&v=enabled&s=1c5851e5ab8796d13cfc9f54110d8c940cd0055f\n\nhttps://preview.redd.it/l88qjhd3txaa1.png?width=960&format=png&auto=webp&v=enabled&s=82697d584c389f5d00bf2f97798065f1bef07fe2\n\n* This way "FTX" can be blamed (exactly what we\'re seeing), and *nO oNe ElSe Is LiAbLe*. Not the shorts. Not CM-Equity AG, aint not nobody. **What a convenient scapegoat.**\n* The creation of GME shitcoins and the collapse of FTX were both highly-orchestraded and obfuscated for precisely this reason.\n\n\\---\n\n>There is another form of short selling, sometimes called a synthetic short. This involves selling call options or buying puts. Selling calls makes you have negative deltas (a negative stock equivalent position) and so does buying puts. Neither of these positions requires borrowing stock or "failing to deliver" stock. \n> \n>A collar is nothing more than a simultaneous sale of an out-of-the-money (OTM) call and the purchase of an OTM put with the same expiration date. **Another way to short sell is to sell a single stock future (remember** [**my post on FTX GME Futures**](https://www.reddit.com/r/Superstonk/comments/ysktig/something_may_have_just_snapped_in_the_crypto/)**?)** a type of equities derivative not traded in the U.S. since 2020.\n\n\\---\n\nThere are many ways to short a stock, but for a market maker to naked short sell, all they need is a "*reasonable suspicion they can locate a share".* That\'s it.\n\n>[Rule 203(b)(1) and (2)](https://www.sec.gov/investor/pubs/regsho.htm) \\- Locate Requirement. **Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed** so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security. This “locate” must be made and documented prior to effecting the short sale.\n\nOccam\'s razor suggests this is what they are trying.\n\n# TL,DRS\n\nFTX bad\n\nmany tokens fluff, some tokens crime', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/', '1064x04', [['u/onceuponanutt', 136, '2023-01-08 01:47', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3emvj3/', "Forgive the quick repost, due to the character length I wasn't able to make any edits to try and fix the crashed images.", '1064x04'], ['u/onceuponanutt', 18, '2023-01-08 01:48', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3en163/', 'Making an official connection between FTX and GME tokens, possibly used as locates for naked short sales in the stock market.\n\nNext post will speculate on how volume in certain tokens may give insight into the number of locates required for GME shorts.', '1064x04'], ['u/CG_1987', 44, '2023-01-08 01:50', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3enahn/', 'Thanks for reposting so quickly. \nI opened your first and saw it deleted as I opened. \nCheers for this. Starting to read now!', '1064x04'], ['u/irm555bvs', 106, '2023-01-08 01:56', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eo4t1/', 'Fuck that’s some great work and it’s always good to get many different opinions from people who see things differently and gather different facts. \n\nThough I kept scrolling for TDLR, and kept scrolling and scrolling and scrolling \n\nThanks for your effort.', '1064x04'], ['u/__TheAlchemist__', 26, '2023-01-08 01:57', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eo8qt/', 'FTX bad', '1064x04'], ['u/irm555bvs', 27, '2023-01-08 01:58', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eoc0c/', 'TDLR, just scroll and scroll and scroll. \n\nThanks for the dedication trying to unravel all this dog shit wrapped in cat shit wrapped in bullshit.', '1064x04'], ['u/PatternIntegrity', 152, '2023-01-08 02:13', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eqdjm/', 'Thiccc with three c\'s. \n\n"This entire journey I\'ve embarked on is a confusing 3d labyrinth of breadcrumbs with bread walls and bread tits and bread shoes and a bread hat and bread glasses and bread asses. So much bread." OP nailed it', '1064x04'], ['u/whatisdog72', 15, '2023-01-08 02:17', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eqxdm/', 'Commenting for visibility, thanks for doing all this research!', '1064x04'], ['u/TelevisionNo1559', 1062, '2023-01-08 02:21', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3erh21/', "Hope you've sent a comment the SEC's way.", '1064x04'], ['u/skafiavk', 363, '2023-01-08 02:24', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3erva9/', 'Bro put the whole internet in this post', '1064x04'], ['u/Psychological-Age172', 17, '2023-01-08 02:24', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ery9f/', '‘Bread tits’ you say 🤔', '1064x04'], ['u/Ihopeiremeberthis', 41, '2023-01-08 02:25', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3es35r/', 'Upvoting for this Friday night essay', '1064x04'], ['u/Ihopeiremeberthis', 32, '2023-01-08 02:26', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3es43t/', 'Fuckits sarurday', '1064x04'], ['u/Amc100000', 60, '2023-01-08 02:26', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3es4i2/', 'Wonderful work ape, I cannot stop smiling while reading this. These 🐍 🐍 🐍 are really forcing us to run in purple circles faster 👿', '1064x04'], ['u/onceuponanutt', 29, '2023-01-08 02:33', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3et3kh/', 'r u ok', '1064x04'], ['u/onceuponanutt', 559, '2023-01-08 02:34', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3et9gr/', 'I tried including ur mum first but immediately hit the character limit', '1064x04'], ['u/raxnahali', 310, '2023-01-08 02:35', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eteez/', 'Holy crap this is a lot of info for someone not very crypto savvy. FTX bad, got it', '1064x04'], ['u/AmazingConcept7', 19, '2023-01-08 02:38', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3etq9q/', 'I even had to check the sidebar and I was still only half way down- 👀👀👀', '1064x04'], ['u/letstryagain2021', 34, '2023-01-08 02:39', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3etw6q/', 'Op i think I 100% agree with you. \nFTX either knowingly or unknowingly did this and even their demise was perhaps orchestrated', '1064x04'], ['u/onceuponanutt', 174, '2023-01-08 02:39', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3etzu0/', "That's how I felt not too long ago! It all makes more sense with time.", '1064x04'], ['u/letstryagain2021', 161, '2023-01-08 02:40', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eu2vv/', 'Take my awards op! I still disagree on treasuries front, however 100% agree with you conclusion here.', '1064x04'], ['u/onceuponanutt', 49, '2023-01-08 02:41', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eu6yd/', "I'm leaning quite heavily to the *knowingly* side.", '1064x04'], ['u/letstryagain2021', 46, '2023-01-08 02:42', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eubv3/', 'I even think FTX or someone within FTX tried to get apes to buy into those tokens, couple weeks before FTX fall, we noticed so much hype around FTX and about these tokonized securities', '1064x04'], ['u/onceuponanutt', 73, '2023-01-08 02:42', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eud5l/', 'My man\n\nSorry, which part about the treasuries?', '1064x04'], ['u/onceuponanutt', 44, '2023-01-08 02:44', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eujgl/', "Yes, agreed, and that's the point! Retail involvement was/is the explosion that hides the gunshot.", '1064x04'], ['u/Troydog4', 107, '2023-01-08 02:45', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eupf8/', 'Oh my', '1064x04'], ['u/DiamondHansGruber', 69, '2023-01-08 02:47', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3euzya/', 'You make a compelling point that the loose locate requirements (le Madoff exemption) are the most likely reason for all these shitcoins. \n\nNever stop never stoppin 💎💪', '1064x04'], ['u/letstryagain2021', 13, '2023-01-08 02:47', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ev27x/', 'Makes more sense', '1064x04'], ['u/letstryagain2021', 47, '2023-01-08 02:48', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ev4tr/', 'I think we had a discussion on a different post day before', '1064x04'], ['u/MastaMint', 24, '2023-01-08 02:49', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ev97l/', 'His mum is with me right now', '1064x04'], ['u/Beneon83', 27, '2023-01-08 02:51', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3evhcx/', "Good stuff mate. That wallet that has the 75k Wrapped GME transaction plus lots of small withdrawals is SBF imo. No big institutional player is buying relatively low value ($500-$1k) NFT's which is what the small withdrawals were used for. I saw someone else follow the trail of NFT's and arrive at a major Crypto guy (who's name escapes me) that has always done a good job of keeping his identity hidden. This is likely SBF.\n\nEdit: 75m to 75k", '1064x04'], ['u/letstryagain2021', 21, '2023-01-08 02:52', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3evmv0/', 'Yes, now that problem is gone for good( FTX) so the only way for them is survive for now is to keep dropping price or gme and other basket stocks, and also to sell their holdings such as electric car company', '1064x04'], ['u/EllisDee3', 14, '2023-01-08 02:53', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3evr1k/', 'Asked in the previous...\n\nDid you send this to the SEC and DOJ?', '1064x04'], ['u/Jbullish_9622', 15, '2023-01-08 02:53', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3evsik/', 'This post has 65 Billion words written, not yet read. I’m going to need a few hours 🤯 up you go 🆙', '1064x04'], ['u/McNobby', 27, '2023-01-08 02:58', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ewfwz/', "Man's just lost a day, of course he's not. Thoughts and prayers.", '1064x04'], ['u/Kitchen_Net_GME', 21, '2023-01-08 03:00', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ewt3m/', 'Send this to the SEC and DOJ. Can someone who has already done so, reach out to OP to help please', '1064x04'], ['u/No_Progress_7706', 16, '2023-01-08 03:03', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3ex8u4/', 'I love that people are still posting such thoughtful posts, even today!', '1064x04'], ['u/Squirrelmaster_i', 19, '2023-01-08 03:16', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3eyvmf/', 'So if all this is going on, where is gamestop investor relations? Hopefully looking into this?', '1064x04'], ['u/2BFrank69', 28, '2023-01-08 03:27', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f0cut/', 'Holy shit I just realized how dumb I actually am. Thank you', '1064x04'], ['u/onceuponanutt', 23, '2023-01-08 03:33', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f16lz/', "I wasn't aware that FTX officially minting a GameStop token on Solana that was classified as a derivative through the Swiss stock exchange that traded on US markets through FTX crypto and changing the names of their legal entities to hide the fact that tokens weren't in fact redeemable was considered common knowledge. \n\nSorry to inconvenience you with my post. I must have missed wherever you figured that out.", '1064x04'], ['u/Practical_Gas8750', 12, '2023-01-08 03:36', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f1kvy/', "Thanks for taking the time to debunk hype (don't get me wrong -- I'm all for hype) when it comes to the nuts-and-bolts of exactly what went on and what continues to happen. Cheers, ape.", '1064x04'], ['u/onceuponanutt', 81, '2023-01-08 03:41', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f298i/', "Ah, gotcha, cheers.\n\nI think that's a separate issue, the RRP facility and general market-wide margin limits/collateral is likely isolated from GME/basket tokens. \n\nMy main point I wanted to convey there is that a market crash is one of the potential catalysts for MOASS.", '1064x04'], ['u/onceuponanutt', 16, '2023-01-08 03:49', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f3drj/', "75k, not 75M\\*! There are only 10M total in circulation. \n\nBut yes that's very possible.", '1064x04'], ['u/dunnrp', 48, '2023-01-08 03:51', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f3jhd/', 'I know CPR', '1064x04'], ['u/CorpuscularFarts', 12, '2023-01-08 03:55', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f440p/', 'I love you but damnit im putting this in text-to- speech', '1064x04'], ['u/SoaringEagleNerd', 145, '2023-01-08 03:55', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f450v/', 'Great Post OP! My take on a TLDR \n\nMarket makers are using shitcoins to justify ability to locate a share for naked share creation. FTX is the scape goat. They are doing this endlessly, through changing cooperate names, utilizing many major blockchains and making many shit gme coins. \n\nSounds a lot like project hurricane to me \n\nThe biggest issue is the last rule OP posted, that allows market markets privileges of creating shares if they have a “reasonable” ability to locate.\n\nEdit: grammar and spelling', '1064x04'], ['u/onceuponanutt', 24, '2023-01-08 03:58', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f4hf9/', "GameStop has an entire crypto division with experienced and capable executives, I'm sure they're aware.", '1064x04'], ['u/onceuponanutt', 27, '2023-01-08 04:00', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f4py6/', 'Everyone is good at something.', '1064x04'], ['u/Superspicyfood', 36, '2023-01-08 04:00', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f4pyu/', 'CPR won’t fix a rectal prolapse', '1064x04'], ['u/Readingredditanon', 11, '2023-01-08 04:02', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f50ka/', 'Great work! Appreciate the effort 😊', '1064x04'], ['u/onceuponanutt', 11, '2023-01-08 04:04', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f59rk/', 'I love you too, CorpuscularFarts.', '1064x04'], ['u/triplestackks', 11, '2023-01-08 04:04', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f5c5n/', 'Legendary effort put into this post, take my golden upvote with you to valhalla.', '1064x04'], ['u/betorox', 29, '2023-01-08 04:14', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f6jiu/', 'Send to the FBI Market Manipulation Division. The squeaky wheel, gets the grease!! \n\nhttps://www.ic3.gov/', '1064x04'], ['u/Melodic_692', 33, '2023-01-08 04:14', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f6kp8/', 'I say', '1064x04'], ['u/DizGod', 10, '2023-01-08 04:18', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f72bn/', 'RPC might?', '1064x04'], ['u/redwingpanda', 60, '2023-01-08 04:28', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f8gcl/', 'Fwiw I’m familiar with crypto but my pain meds + edible hit at the same time I started reading your post. And I still understood everything I read (the company list did me in). This is a great explanation and I leaned new things. Thank you', '1064x04'], ['u/MarshmallowSandwich', 114, '2023-01-08 04:33', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f928i/', 'They are most likely compliant.', '1064x04'], ['u/onceuponanutt', 35, '2023-01-08 04:40', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3f9y4p/', "My man.\n\nDon't take too many of those!", '1064x04'], ['u/wallstreetchills', 10, '2023-01-08 04:50', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fb7c3/', 'Kenny reading the dd like 👁️👄👁️', '1064x04'], ['u/Fearless-Honeydew-69', 10, '2023-01-08 04:55', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fbwny/', 'I would just like to thank you for for the immense amount of work you have put into this.', '1064x04'], ['u/Jarkside', 185, '2023-01-08 04:56', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fc2o3/', 'Who cares. Send it to them and at least it’s public record', '1064x04'], ['u/arikah', 10, '2023-01-08 04:58', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fc8nc/', "Great work. Now the question I have is... now that FTX has/is blowing up, what is supposed to happen to, well, everything they've touched, which is basically everything? If FTX was issuing all these different shitcoin tokens while saying that they're totally backed by shares held by CM-AG (which they deny and say was never the case?), then what exactly are we waiting for for the fireworks to start? The true bankruptcy proceedings and/or SBF to talk? The swaps coming up with no ability to locate anything?", '1064x04'], ['u/onceuponanutt', 12, '2023-01-08 05:11', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fe06l/', "That's the $100 trillion question.", '1064x04'], ['u/Space-Booties', 40, '2023-01-08 05:15', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fegq7/', 'It feels like we’re inching closer and closer to that crash. The MSM has been trying to bully retail into selling but they aren’t and the S&P has been trading sideways for an odd length of time. Feels like we’re teetering over the edge.', '1064x04'], ['u/iLLogic777', 25, '2023-01-08 05:16', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3femta/', 'You spelled complicit wrong but we know what you meant', '1064x04'], ['u/SchemeCurious9764', 20, '2023-01-08 05:35', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fgsn7/', 'They tried to bury this which is telling , FTX knew they were doing or committing something nefarious. With all these locates floating it gives me solace there’s zero chance to close them . \n\nOP ! Amazing exhuming of “layered bodies”they never expected to resurface', '1064x04'], ['u/57Never', 15, '2023-01-08 05:36', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fgz9y/', '*Complicit', '1064x04'], ['u/pale_blue_dots', 10, '2023-01-08 06:07', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fki0n/', "That uprclassman is implicating V. Buterin and then connecting him to Pulse Chain is so farfetched and laughable - if you know *anything* about him and who he is and what he stands for (VB) or *what* Pulse Chain is (and the person tied to that (which isn't VB, for the record and to be clear) - he's lost nearly all credibility in my eyes.\n\nThanks for this post. This is really good and needs more eyes on it from some of the Ethereum developers and community.", '1064x04'], ['u/Yohder', 81, '2023-01-08 06:10', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fkshf/', 'Agreed. We need to send data and comments to the SEC. GG is actually getting things done', '1064x04'], ['u/pale_blue_dots', 14, '2023-01-08 06:10', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fku76/', 'Yes.', '1064x04'], ['u/onceuponanutt', 33, '2023-01-08 06:40', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/j3fo2wo/', 'Fair point on the forwarding address, I wasn\'t aware that was a function on Uniswap. Still, as you say, my point was that Vitalik wasn\'t involved, especially with the Wrapped GameStop token as /uprclass2002 suggested. This just disproves that theory with certainty and solidifies my argument even more.\n\n​\n\n>But in the past two weeks, when I fina...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Ambar Warrick Investing.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year. The world\x92s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar after nonfarm payrolls data released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip. World no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December. The prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed\x92s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from. Focus this week is also on U.S. inflation data due on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric. But even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even an inflation hedge. This steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large. The space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year. Still, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024. Story continues But whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen. Related Articles Bitcoin clears $17k for the first time in 3 weeks as Fed jitters ease FTX spent $40M on food, flights, and hotels in just 9 months: Court filings Crypto Biz: SBF has his day in court; Barry Silbert accused of â\x80\x98stallingâ\x80\x99 over frozen funds', 'By Ambar Warrick\nInvesting.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year.\nThe world’s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar afternonfarm payrollsdata released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip.\nWorld no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December.\nThe prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed’s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from.\nFocus this week is also on U.S.inflation datadue on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric.\nBut even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even aninflationhedge.\nThis steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large.\nThe space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year.\nStill, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024.\nBut whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen.\nRelated Articles\nBitcoin clears $17k for the first time in 3 weeks as Fed jitters ease\nFTX spent $40M on food, flights, and hotels in just 9 months: Court filings\nCrypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds', 'By Ambar Warrick\nInvesting.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year.\nThe world’s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar afternonfarm payrollsdata released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip.\nWorld no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December.\nThe prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed’s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from.\nFocus this week is also on U.S.inflation datadue on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric.\nBut even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even aninflationhedge.\nThis steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large.\nThe space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year.\nStill, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024.\nBut whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen.\nRelated Articles\nBitcoin clears $17k for the first time in 3 weeks as Fed jitters ease\nFTX spent $40M on food, flights, and hotels in just 9 months: Court filings\nCrypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds', 'Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and BNB changing the most. Many cryptocurrencies have been gaining over the past several days after the latest U.S. jobs data released last Friday sparked a Wall Street rally. See related article: Crypto exchange Huobi latest firm to slash staff: Reuters Fast facts Bitcoin was up 1% to US$17,117 in the 24 hours to 8 a.m. in Hong Kong, breaking the US$17,000 level for the first time since late December in a 2.9% increase over the week. Ether gained 1.9% to US$1,287, a 7.3% weekly rise, according to CoinMarketCap . Cardano rose 7.3% to change hands at US$0.29, a rise of 18.8% in the past week. This price run comes as ADA, the native cryptocurrency of the Cardano blockchain, made it to the top 10 most used cryptocurrencies for payments for the first time, according to Lithuanian cryptocurrency exchange CoinGate . BNB gained 5.3% to US$274.77 rising 12.5% over the past seven days. Polygon’s MATIC rose 4.1% to trade at US$0.84, bringing its weekly gains to 10.5%. The total crypto market capitalization was at US$830.4 billion, a 0.8% increase over the previous 24 hours, while the total trading volume was US$20.4 billion, a 14.7% rise during that same time. The Dow Jones Industrial Average gained 2.1%, the S&P 500 Index rose 2.3%, and the Nasdaq Composite Index closed 2.6% higher. These gains represent the best day of trading for the Dow and S&P 500 since Nov. 30 and the Nasdaq’s best performance since Dec. 29. While U.S. Labor Department data released Friday showed that non-farm payrolls rose by 223,000 jobs in December, which was higher than expectations, it also showed that wages grew by only 0.3% for the month instead of the 0.4% predicted. U.S. services activity also contracted for the first time in 2.5 years according to the Institute for Supply Management, which said on Friday that its Purchasing Manager Index fell to 49.6 in December, down from November’s 56.5. A reading of below 50 in this index reflects a contraction in the sector. Investors are watching for any signs that the U.S. Federal Reserve’s months-long campaign of raising interest rates has had the intended impact of tamping down elevated inflation in the country. The Fed raised rates by 50 basis points in December, bringing benchmark rates to between 4.25% and 4.5% — the highest in 15 years. The next U.S. Consumer Price Index data, a key inflation indicator, is scheduled to be released on Thursday, Jan. 12. See related article: Lido DAO surges 35% over the last week, BitDAO gains 22%: Why?', 'Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and BNB changing the most. Many cryptocurrencies have been gaining over the past several days after the latest U.S. jobs data released last Friday sparked a Wall Street rally.\nSee related article:Crypto exchange Huobi latest firm to slash staff: Reuters\n• Bitcoin was up 1% to US$17,117 in the 24 hours to 8 a.m. in Hong Kong, breaking the US$17,000 level for the first time since late December in a 2.9% increase over the week. Ether gained 1.9% to US$1,287, a 7.3% weekly rise,according to CoinMarketCap.\n• Cardano rose 7.3% to change hands at US$0.29, a rise of 18.8% in the past week. This price run comes as ADA, the native cryptocurrency of the Cardano blockchain, made it to the top 10 most used cryptocurrencies for payments for the first time, according toLithuanian cryptocurrency exchange CoinGate.\n• BNB gained 5.3% to US$274.77 rising 12.5% over the past seven days. Polygon’s MATIC rose 4.1% to trade at US$0.84, bringing its weekly gains to 10.5%.\n• The total crypto market capitalization was at US$830.4 billion, a 0.8% increase over the previous 24 hours, while the total trading volume was US$20.4 billion, a 14.7% rise during that same time.\n• The Dow Jones Industrial Average gained 2.1%, the S&P 500 Index rose 2.3%, and the Nasdaq Composite Index closed 2.6% higher. These gains represent the best day of trading for the Dow and S&P 500 since Nov. 30 and the Nasdaq’s best performance since Dec. 29.\n• WhileU.S. Labor Department data released Fridayshowed that non-farm payrolls rose by 223,000 jobs in December, which was higher than expectations, it also showed that wages grew by only 0.3% for the month instead of the 0.4% predicted.\n• U.S. services activity also contracted for the first time in 2.5 years according to the Institute for Supply Management,which said on Fridaythat its Purchasing Manager Index fell to 49.6 in December, down from November’s 56.5. A reading of below 50 in this index reflects a contraction in the sector.\n• Investors are watching for any signs that the U.S. Federal Reserve’s months-long campaign of raising interest rates has had the intended impact of tamping down elevated inflation in the country. The Fed raised rates by 50 basis points in December, bringing benchmark rates to between 4.25% and 4.5% — the highest in 15 years.\n• The next U.S. Consumer Price Index data, a key inflation indicator, is scheduled to be released on Thursday, Jan. 12.\nSee related article:Lido DAO surges 35% over the last week, BitDAO gains 22%: Why?', 'Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and BNB changing the most. Many cryptocurrencies have been gaining over the past several days after the latest U.S. jobs data released last Friday sparked a Wall Street rally.\nSee related article:Crypto exchange Huobi latest firm to slash staff: Reuters\n• Bitcoin was up 1% to US$17,117 in the 24 hours to 8 a.m. in Hong Kong, breaking the US$17,000 level for the first time since late December in a 2.9% increase over the week. Ether gained 1.9% to US$1,287, a 7.3% weekly rise,according to CoinMarketCap.\n• Cardano rose 7.3% to change hands at US$0.29, a rise of 18.8% in the past week. This price run comes as ADA, the native cryptocurrency of the Cardano blockchain, made it to the top 10 most used cryptocurrencies for payments for the first time, according toLithuanian cryptocurrency exchange CoinGate.\n• BNB gained 5.3% to US$274.77 rising 12.5% over the past seven days. Polygon’s MATIC rose 4.1% to trade at US$0.84, bringing its weekly gains to 10.5%.\n• The total crypto market capitalization was at US$830.4 billion, a 0.8% increase over the previous 24 hours, while the total trading volume was US$20.4 billion, a 14.7% rise during that same time.\n• The Dow Jones Industrial Average gained 2.1%, the S&P 500 Index rose 2.3%, and the Nasdaq Composite Index closed 2.6% higher. These gains represent the best day of trading for the Dow and S&P 500 since Nov. 30 and the Nasdaq’s best performance since Dec. 29.\n• WhileU.S. Labor Department data released Fridayshowed that non-farm payrolls rose by 223,000 jobs in December, which was higher than expectations, it also showed that wages grew by only 0.3% for the month instead of the 0.4% predicted.\n• U.S. services activity also contracted for the first time in 2.5 years according to the Institute for Supply Management,which said on Fridaythat its Purchasing Manager Index fell to 49.6 in December, down from November’s 56.5. A reading of below 50 in this index reflects a contraction in the sector.\n• Investors are watching for any signs that the U.S. Federal Reserve’s months-long campaign of raising interest rates has had the intended impact of tamping down elevated inflation in the country. The Fed raised rates by 50 basis points in December, bringing benchmark rates to between 4.25% and 4.5% — the highest in 15 years.\n• The next U.S. Consumer Price Index data, a key inflation indicator, is scheduled to be released on Thursday, Jan. 12.\nSee related article:Lido DAO surges 35% over the last week, BitDAO gains 22%: Why?', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin decisively pushed past $17,000, appearing to break out of a three-week range. In the week ahead traders will be monitoring ongoing speculation involving Digital Currency Group, Tron, Huobi and Solana.\nInsights:A fresh news report has rekindled speculation over whether the dominant crypto exchange Binance may be facing scrutiny over its anti-money-laundering controls.\nCoinDesk Market Index (CMI)\n833.42\n+23.6▲2.9%\nBitcoin (BTC)\n$17,177\n+249.5▲1.5%\nEthereum (ETH)\n$1,294\n+32.0▲2.5%\nS&P 500 daily close\n3,895.08\n+87.0▲2.3%\nGold\n$1,879\n+14.3▲0.8%\nTreasury Yield 10 Years\n3.57%\n▼0.2\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin pushes past $17K; Week ahead focus is on Fed, DCG, Solana, Tron\nBy Bradley Keoun\nBitcoin (BTC) decisively pushed past $17,000 on Sunday, breaking out of its recent price range to hit a three-week high.\nThe largest cryptocurrency by market caphad briefly topped $17,000on Friday after data suggesting that U.S. services businesses were slowing – seen by traders in both digital-asset and traditional markets as a sign that the Federal Reserve might soon be able to ease up on its push to tighten financial conditions. But it took a couple more days for bitcoin to cement the move past a threshold that had effectively capped any rallies since mid-December.\nAnalysts were quick to point out that price charts are still tilting bearish, although Coinbase Institutional\'s David Duong wrote in a report that a successful push past the $17,100 mark might put bitcoin on track toward the next technical level around $17,800.\nAccording to FundStrat\'s Sean Farrell, blockchain data suggests there are plenty of ready buyers with "appetite to buy BTC at the very specific level of $16,000-$17,200."\n"This paints an incredible picture of a strong buy wall at current market prices and suggests a strong bottom is forming," Farrell wrote in a report.\nAt press time, the largest cryptocurrency was changing hands around $17,150, up 1.3% over the past 24 hours.\nIn the week ahead, bitcoin traders will be monitoring a key report on U.S. inflation – also theoretically an input to the Federal Reserve\'s calculations. The central bank\'s monetary tightening last week was a big factor in bitcoin64% price decline last year, the worst annual performance in four years.\nElsewhere in digital-asset markets, traders will be continuing to monitor thespeculationover the future of crypto conglomerate (and CoinDesk owner) Digital Currency Group and its subsidiary Genesis. Another thread is on the prospects for a rebound inSolana\'sSOL token – one of the biggest"Sam coins" that became major casualtiesof last year\'s implosion of Sam Bankman-Fried\'s FTX exchange. There\'s also lingering bearish concerns about Tron\'sTRXtoken and Huobi\'sHT, both linked to the crypto entrepreneur Justin Sun.\nUS Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report\nBy Elizabeth Napolitano\nFederal prosecutors areinvestigating the relationshipbetween Binance and U.S.-based hedge funds as part of a broader investigation into the cryptocurrency exchange\'s possible skirting of money-laundering guardrails, according to a report by theWashington Post.\nHeading the investigation is the U.S. Attorney\'s Office for the Western District of Washington in Seattle, which, in recent months, has sent subpoenas to firms requesting records of their dealings with Binance, the Post reported, citing two people who had reviewed one of the subpoenas.\nThe subpoenas come at a time when Binance, the world\'s largest crypto exchange by daily trading volume, faces intense media and regulatory scrutiny over its business practices and financials. That scrutiny boiled over late last year in the wake of FTX\'s multibillion-dollar implosion, which rocked investor confidence in an increasingly turbulent and troubled crypto market.\nThe subpoenas do not automatically mean authorities will bring charges against Binance or its founder and CEO Changpeng Zhao, the Post noted as federal authorities are stilldiscussing a potential settlement with Binanceand are assessing whether the evidence they have is sufficient to bring charges.\nRecently, Binance has made efforts to increase its commitment to compliance, growing its security and compliance staff by 500% in 2022. Additionally, last fall the company assembled a global advisory board chaired by Max Baucus, a former Democratic senator from Montana. Meanwhile, the exchange seems eager to improve its relations with the U.S. government, recently becoming active in crypto lobbying in Washington, DC.\nAlso read:\'Binance Effect\' Means 41% Price Spike for Newly Listed Tokens\n9:00 a.m. HKT/SGT(1:00 UTC)Europe Unemployment Rate (Nov)\n10:30 p.m. HKT/SGT(14:30 UTC)Tokyo Consumer Price Index (YoY/Dec)\n6:00 a.m. HKT/SGT(22:00 UTC)China Foreign Direct Investment (YoY/Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Outlook as US Economy Added 223K Jobs In December; CES 2023 Highlights\nThe U.S. added 223,000 jobs in December, according to the Bureau of Labor Statistics. That was down from a revised 256,000 jobs in November (originally reported as 263,000) and topped economist forecasts for 200,000. What does this mean for crypto? eToro Crypto Consultant Glen Goodman shared his analysis. Plus, CoinDesk TV continued on-the-ground coverage of CES in Las Vegas with Block bitcoin wallet lead Max Guise and Ala Dziamidava of Hypervsn.\nUS Adds 223K Jobs in December, Unemployment Rate Falls to 3.5%:Bitcoin was steady in the immediate aftermath of the report at $16,750.\nSEC Investigating FTX Investors’ Due Diligence, Reuters:The securities regulator is looking at whether financiers did their homework before investing in a crypto exchange that has since been accused of sloppy governance.\nCrypto Exchange Huobi Experiences $60M Token Outflows in a Day, Nansen:On-chain data show more than $100 million in tokens left the exchange this week, most of them in the past 24 hours, while stablecoin reserves have dropped 9.5% in a week\nTron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange:Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.\nBonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues:Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin decisively pushed past $17,000, appearing to break out of a three-week range. In the week ahead traders will be monitoring ongoing speculation involving Digital Currency Group, Tron, Huobi and Solana.\nInsights:A fresh news report has rekindled speculation over whether the dominant crypto exchange Binance may be facing scrutiny over its anti-money-laundering controls.\nCoinDesk Market Index (CMI)\n833.42\n+23.6▲2.9%\nBitcoin (BTC)\n$17,177\n+249.5▲1.5%\nEthereum (ETH)\n$1,294\n+32.0▲2.5%\nS&P 500 daily close\n3,895.08\n+87.0▲2.3%\nGold\n$1,879\n+14.3▲0.8%\nTreasury Yield 10 Years\n3.57%\n▼0.2\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin pushes past $17K; Week ahead focus is on Fed, DCG, Solana, Tron\nBy Bradley Keoun\nBitcoin (BTC) decisively pushed past $17,000 on Sunday, breaking out of its recent price range to hit a three-week high.\nThe largest cryptocurrency by market caphad briefly topped $17,000on Friday after data suggesting that U.S. services businesses were slowing – seen by traders in both digital-asset and traditional markets as a sign that the Federal Reserve might soon be able to ease up on its push to tighten financial conditions. But it took a couple more days for bitcoin to cement the move past a threshold that had effectively capped any rallies since mid-December.\nAnalysts were quick to point out that price charts are still tilting bearish, although Coinbase Institutional\'s David Duong wrote in a report that a successful push past the $17,100 mark might put bitcoin on track toward the next technical level around $17,800.\nAccording to FundStrat\'s Sean Farrell, blockchain data suggests there are plenty of ready buyers with "appetite to buy BTC at the very specific level of $16,000-$17,200."\n"This paints an incredible picture of a strong buy wall at current market prices and suggests a strong bottom is forming," Farrell wrote in a report.\nAt press time, the largest cryptocurrency was changing hands around $17,150, up 1.3% over the past 24 hours.\nIn the week ahead, bitcoin traders will be monitoring a key report on U.S. inflation – also theoretically an input to the Federal Reserve\'s calculations. The central bank\'s monetary tightening last week was a big factor in bitcoin64% price decline last year, the worst annual performance in four years.\nElsewhere in digital-asset markets, traders will be continuing to monitor thespeculationover the future of crypto conglomerate (and CoinDesk owner) Digital Currency Group and its subsidiary Genesis. Another thread is on the prospects for a rebound inSolana\'sSOL token – one of the biggest"Sam coins" that became major casualtiesof last year\'s implosion of Sam Bankman-Fried\'s FTX exchange. There\'s also lingering bearish concerns about Tron\'sTRXtoken and Huobi\'sHT, both linked to the crypto entrepreneur Justin Sun.\nUS Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report\nBy Elizabeth Napolitano\nFederal prosecutors areinvestigating the relationshipbetween Binance and U.S.-based hedge funds as part of a broader investigation into the cryptocurrency exchange\'s possible skirting of money-laundering guardrails, according to a report by theWashington Post.\nHeading the investigation is the U.S. Attorney\'s Office for the Western District of Washington in Seattle, which, in recent months, has sent subpoenas to firms requesting records of their dealings with Binance, the Post reported, citing two people who had reviewed one of the subpoenas.\nThe subpoenas come at a time when Binance, the world\'s largest crypto exchange by daily trading volume, faces intense media and regulatory scrutiny over its business practices and financials. That scrutiny boiled over late last year in the wake of FTX\'s multibillion-dollar implosion, which rocked investor confidence in an increasingly turbulent and troubled crypto market.\nThe subpoenas do not automatically mean authorities will bring charges against Binance or its founder and CEO Changpeng Zhao, the Post noted as federal authorities are stilldiscussing a potential settlement with Binanceand are assessing whether the evidence they have is sufficient to bring charges.\nRecently, Binance has made efforts to increase its commitment to compliance, growing its security and compliance staff by 500% in 2022. Additionally, last fall the company assembled a global advisory board chaired by Max Baucus, a former Democratic senator from Montana. Meanwhile, the exchange seems eager to improve its relations with the U.S. government, recently becoming active in crypto lobbying in Washington, DC.\nAlso read:\'Binance Effect\' Means 41% Price Spike for Newly Listed Tokens\n9:00 a.m. HKT/SGT(1:00 UTC)Europe Unemployment Rate (Nov)\n10:30 p.m. HKT/SGT(14:30 UTC)Tokyo Consumer Price Index (YoY/Dec)\n6:00 a.m. HKT/SGT(22:00 UTC)China Foreign Direct Investment (YoY/Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Outlook as US Economy Added 223K Jobs In December; CES 2023 Highlights\nThe U.S. added 223,000 jobs in December, according to the Bureau of Labor Statistics. That was down from a revised 256,000 jobs in November (originally reported as 263,000) and topped economist forecasts for 200,000. What does this mean for crypto? eToro Crypto Consultant Glen Goodman shared his analysis. Plus, CoinDesk TV continued on-the-ground coverage of CES in Las Vegas with Block bitcoin wallet lead Max Guise and Ala Dziamidava of Hypervsn.\nUS Adds 223K Jobs in December, Unemployment Rate Falls to 3.5%:Bitcoin was steady in the immediate aftermath of the report at $16,750.\nSEC Investigating FTX Investors’ Due Diligence, Reuters:The securities regulator is looking at whether financiers did their homework before investing in a crypto exchange that has since been accused of sloppy governance.\nCrypto Exchange Huobi Experiences $60M Token Outflows in a Day, Nansen:On-chain data show more than $100 million in tokens left the exchange this week, most of them in the past 24 hours, while stablecoin reserves have dropped 9.5% in a week\nTron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange:Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.\nBonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues:Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours.', 'Good morning. Here’s what’s happening: Prices: Bitcoin decisively pushed past $17,000, appearing to break out of a three-week range. In the week ahead traders will be monitoring ongoing speculation involving Digital Currency Group, Tron, Huobi and Solana. Insights: A fresh news report has rekindled speculation over whether the dominant crypto exchange Binance may be facing scrutiny over its anti-money-laundering controls. Prices CoinDesk Market Index (CMI) 833.42 +23.6 ▲ 2.9% Bitcoin (BTC) $17,177 +249.5 ▲ 1.5% Ethereum (ETH) $1,294 +32.0 ▲ 2.5% S&P 500 daily close 3,895.08 +87.0 ▲ 2.3% Gold $1,879 +14.3 ▲ 0.8% Treasury Yield 10 Years 3.57% ▼ 0.2 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin pushes past $17K; Week ahead focus is on Fed, DCG, Solana, Tron By Bradley Keoun Bitcoin ( BTC ) decisively pushed past $17,000 on Sunday, breaking out of its recent price range to hit a three-week high. The largest cryptocurrency by market cap had briefly topped $17,000 on Friday after data suggesting that U.S. services businesses were slowing – seen by traders in both digital-asset and traditional markets as a sign that the Federal Reserve might soon be able to ease up on its push to tighten financial conditions. But it took a couple more days for bitcoin to cement the move past a threshold that had effectively capped any rallies since mid-December. Analysts were quick to point out that price charts are still tilting bearish, although Coinbase Institutional\'s David Duong wrote in a report that a successful push past the $17,100 mark might put bitcoin on track toward the next technical level around $17,800. According to FundStrat\'s Sean Farrell, blockchain data suggests there are plenty of ready buyers with "appetite to buy BTC at the very specific level of $16,000-$17,200." "This paints an incredible picture of a strong buy wall at current market prices and suggests a strong bottom is forming," Farrell wrote in a report. Story continues At press time, the largest cryptocurrency was changing hands around $17,150, up 1.3% over the past 24 hours. In the week ahead, bitcoin traders will be monitoring a key report on U.S. inflation – also theoretically an input to the Federal Reserve\'s calculations. The central bank\'s monetary tightening last week was a big factor in bitcoin 64% price decline last year , the worst annual performance in four years. Elsewhere in digital-asset markets, traders will be continuing to monitor the speculation over the future of crypto conglomerate (and CoinDesk owner) Digital Currency Group and its subsidiary Genesis. Another thread is on the prospects for a rebound in Solana\'s SOL token – one of the biggest "Sam coins" that became major casualties of last year\'s implosion of Sam Bankman-Fried\'s FTX exchange. There\'s also lingering bearish concerns about Tron\'s TRX token and Huobi\'s HT , both linked to the crypto entrepreneur Justin Sun. Insights US Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe: Report By Elizabeth Napolitano Federal prosecutors are investigating the relationship between Binance and U.S.-based hedge funds as part of a broader investigation into the cryptocurrency exchange\'s possible skirting of money-laundering guardrails, according to a report by the Washington Post . Heading the investigation is the U.S. Attorney\'s Office for the Western District of Washington in Seattle, which, in recent months, has sent subpoenas to firms requesting records of their dealings with Binance, the Post reported, citing two people who had reviewed one of the subpoenas. The subpoenas come at a time when Binance, the world\'s largest crypto exchange by daily trading volume, faces intense media and regulatory scrutiny over its business practices and financials. That scrutiny boiled over late last year in the wake of FTX\'s multibillion-dollar implosion, which rocked investor confidence in an increasingly turbulent and troubled crypto market. The subpoenas do not automatically mean authorities will bring charges against Binance or its founder and CEO Changpeng Zhao, the Post noted as federal authorities are still discussing a potential settlement with Binance and are assessing whether the evidence they have is sufficient to bring charges. Recently, Binance has made efforts to increase its commitment to compliance, growing its security and compliance staff by 500% in 2022. Additionally, last fall the company assembled a global advisory board chaired by Max Baucus, a former Democratic senator from Montana. Meanwhile, the exchange seems eager to improve its relations with the U.S. government, recently becoming active in crypto lobbying in Washington, DC. Also read: \'Binance Effect\' Means 41% Price Spike for Newly Listed Tokens Important events. 9:00 a.m. HKT/SGT(1:00 UTC) Europe Unemployment Rate (Nov) 10:30 p.m. HKT/SGT(14:30 UTC) Tokyo Consumer Price Index (YoY/Dec) 6:00 a.m. HKT/SGT(22:00 UTC) China Foreign Direct Investment (YoY/Dec) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Outlook as US Economy Added 223K Jobs In December; CES 2023 Highlights The U.S. added 223,000 jobs in December, according to the Bureau of Labor Statistics. That was down from a revised 256,000 jobs in November (originally reported as 263,000) and topped economist forecasts for 200,000. What does this mean for crypto? eToro Crypto Consultant Glen Goodman shared his analysis. Plus, CoinDesk TV continued on-the-ground coverage of CES in Las Vegas with Block bitcoin wallet lead Max Guise and Ala Dziamidava of Hypervsn. Headlines US Adds 223K Jobs in December, Unemployment Rate Falls to 3.5%: Bitcoin was steady in the immediate aftermath of the report at $16,750. SEC Investigating FTX Investors’ Due Diligence, Reuters: The securities regulator is looking at whether financiers did their homework before investing in a crypto exchange that has since been accused of sloppy governance. Crypto Exchange Huobi Experiences $60M Token Outflows in a Day, Nansen: On-chain data show more than $100 million in tokens left the exchange this week, most of them in the past 24 hours, while stablecoin reserves have dropped 9.5% in a week Tron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange: Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks. Bonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues: Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours.', 'Internet City, Dubai--(Newsfile Corp. - January 8, 2023) - LBank Exchange, a global digital asset trading platform, will list Etalon (ETAL) in April 2023. For all users of LBank Exchange, the ETAL/USDT and ETAL/BTC trading pair will be officially available for trading this April.\nETAL Listing Banner\nTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8831/150483_2aee2300b4e75870_001full.jpg\nConnecting the online and offline world with the crypto market,Etalon(ETAL) enables users to unlock and enjoy numerous discounts, services, and benefits worldwide with just one token. The ETAL token will be listed on LBank Exchange this April, to further expand its global reach and help it achieve its vision. To support this innovative project, LBank joined Etalon as a strategic partner and a Provider, see details athttps://etalon.cash/join\nIntroducing Etalon\nThe global e-commerce retail market, now worth $5.5 trillion, is expected to grow at a compound annual growth rate of 9-10%. In this growing market, competition for consumers is fiercer every day. The emergence of crypto assets has defined a financially free, conscious consumer community, free from the disadvantages of centralized control, whose purchasing power is well represented by the total capitalization of the crypto market.\nEtalon is a project and utility token providing a simple way to connect not only the seasoned crypto experts, but people new to decentralized finance to manufacturers and service providers around the world, who are joining its ever-growing community. Users do not have to spend their Etalon to receive benefits, all that is required is ownership of at least one token (you do not have to spend it ever, just HODL it), which allows users to access discounts, products, and services available worldwide, granted by registered and verified Providers.\nDeveloped by the team that created Clarabot Nano, one of the world\'s most secure Opensource data sharing and communication software, Etalon strives to establish accessible and secure global information sharing systems, while connecting individuals with companies providing exclusive benefits for token holders. If you do support a decentralized future, this project is definitely for you. Please note that Clarabot is the Finalist of Cyber Defense Magazine Black Unicorn 2022. Clarabot also won the prestigious Global Infosec Award in 2021 on encrypted data sharing and 2022 was named one of the top 10 Infosec innovators. In case you are looking for a future where your data belongs to you and not multinational companies, you should definitely take a look on Clarabot Nano and Etalon. The underlying value of the service granted by Clarabot only predicts the ultimate success of Etalon. Not to mention, several other well known Providers (https://etalon.cash/providers) already joined the project, granting real life value for the Etalon community and token holders. Opposed to many ICOs, Etalon is not a promise as the system is already in place and working.\nBe it either with a discounted purchase opportunity of a product, or access to a valuable service, Etalon connects the online and offline world with the crypto market. The flagship utility for a limited number of Etalon owners is a perpetual license for Nano, giving access to current and future Nano services, as long as Etalon is held. Clarabot is paving the way for other manufacturers, retailers and service providers (90 Providers so far joined the initiative, but this number is growing day by day) to offer significant discounts and become Providers. And eventually, an online marketplace named Etaverse for Etalon\'s community of Beneficiary members, manufacturers, retailers, and service providers offering endlessly expanding benefits is formed.\nThe vision of Etalon is to build technologies, ecosystems, and communities that promote secure, easily accessible, global information sharing systems with privacy and freedom in mind. It will continue to promote and develop new technologies that provide modern answers to issues that the 21st century brought, in a way that is easy to use for people even with little or no IT experience.\nAbout ETAL Token\nETAL is a BEP-20 "Smart Contract" cryptocurrency that runs on BSC. Unlike centralized banks, the token uses peer-to-peer technology to operate without central authority. Being a BEP20 standard, Etalon can be transferred and traded like any other token, making it possible to exchange for other crypto assets, or even fiat currency.\nIn addition, the Proof-of-Staked-Authority (PoSA) used by BSC allows for much higher transaction throughput and significantly reduced environmental impact and energy usage. This improvement also keeps the system secure, and dramatically reduces the fees associated with transactions.\nAs a utility cryptocurrency that provides valuable services and discounts, ETAL grants access to users even if they only have one token in their crypto wallet. Compared to other crypto tokens, ETAL is unique as its value is determined not just by supply and demand, but by the quality and number of benefits that it provides. Token holders gain access to meaningful services, top quality products, and discounts. And as the list of Providers grow, making more exclusive discounts and services available, Etalon\'s added value to token holders increases.\nA total of 5 million (i.e., 5,000,000) ETAL tokens are available. The ICO of ETAL just started and more than 300 000 tokens out of 5 million already found its owner. Don\'t miss the opportunity to join now.\nThe ETAL token will be listed on LBank Exchange this April, investors who are interested in the Etalon investment can easily buy and sell ETAL token on LBank Exchange once it\'s listed, or through the official website of Etalon.cash during the ICO.\nLearn More about ETAL Token:\nOfficial Website:https://etalon.cashTelegram:https://t.me/EtalonTokenTwitter:https://twitter.com/EtalonCash\nAbout LBank\nLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users\' funds and aims to contribute the global adoption of cryptocurrencies.\nStart Trading Now:lbank.com\nCommunity & Social Media:\nlTelegram\nlTwitter\nlFacebook\nlLinkedIn\nlInstagram\nlYouTube\nContact Details:LBK Blockchain Co. LimitedLBank [email protected]@lbank.info\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/150483', 'Internet City, Dubai--(Newsfile Corp. - January 8, 2023) - LBank Exchange, a global digital asset trading platform, will list Etalon (ETAL) in April 2023. For all users of LBank Exchange, the ETAL/USDT and ETAL/BTC trading pair will be officially available for trading this April. ETAL Listing Banner To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8831/150483_2aee2300b4e75870_001full.jpg Connecting the online and offline world with the crypto market, Etalon (ETAL) enables users to unlock and enjoy numerous discounts, services, and benefits worldwide with just one token. The ETAL token will be listed on LBank Exchange this April, to further expand its global reach and help it achieve its vision. To support this innovative project, LBank joined Etalon as a strategic partner and a Provider, see details at https://etalon.cash/join Introducing Etalon The global e-commerce retail market, now worth $5.5 trillion, is expected to grow at a compound annual growth rate of 9-10%. In this growing market, competition for consumers is fiercer every day. The emergence of crypto assets has defined a financially free, conscious consumer community, free from the disadvantages of centralized control, whose purchasing power is well represented by the total capitalization of the crypto market. Etalon is a project and utility token providing a simple way to connect not only the seasoned crypto experts, but people new to decentralized finance to manufacturers and service providers around the world, who are joining its ever-growing community. Users do not have to spend their Etalon to receive benefits, all that is required is ownership of at least one token (you do not have to spend it ever, just HODL it), which allows users to access discounts, products, and services available worldwide, granted by registered and verified Providers. Developed by the team that created Clarabot Nano, one of the world\'s most secure Opensource data sharing and communication software, Etalon strives to establish accessible and secure global information sharing systems, while connecting individuals with companies providing exclusive benefits for token holders. If you do support a decentralized future, this project is definitely for you. Please note that Clarabot is the Finalist of Cyber Defense Magazine Black Unicorn 2022. Clarabot also won the prestigious Global Infosec Award in 2021 on encrypted data sharing and 2022 was named one of the top 10 Infosec innovators. In case you are looking for a future where your data belongs to you and not multinational companies, you should definitely take a look on Clarabot Nano and Etalon. The underlying value of the service granted by Clarabot only predicts the ultimate success of Etalon. Not to mention, several other well known Providers ( https://etalon.cash/providers ) already joined the project, granting real life value for the Etalon community and token holders. Opposed to many ICOs, Etalon is not a promise as the system is already in place and working. Story continues Be it either with a discounted purchase opportunity of a product, or access to a valuable service, Etalon connects the online and offline world with the crypto market. The flagship utility for a limited number of Etalon owners is a perpetual license for Nano, giving access to current and future Nano services, as long as Etalon is held. Clarabot is paving the way for other manufacturers, retailers and service providers (90 Providers so far joined the initiative, but this number is growing day by day) to offer significant discounts and become Providers. And eventually, an online marketplace named Etaverse for Etalon\'s community of Beneficiary members, manufacturers, retailers, and service providers offering endlessly expanding benefits is formed. The vision of Etalon is to build technologies, ecosystems, and communities that promote secure, easily accessible, global information sharing systems with privacy and freedom in mind. It will continue to promote and develop new technologies that provide modern answers to issues that the 21st century brought, in a way that is easy to use for people even with little or no IT experience. About ETAL Token ETAL is a BEP-20 "Smart Contract" cryptocurrency that runs on BSC. Unlike centralized banks, the token uses peer-to-peer technology to operate without central authority. Being a BEP20 standard, Etalon can be transferred and traded like any other token, making it possible to exchange for other crypto assets, or even fiat currency. In addition, the Proof-of-Staked-Authority (PoSA) used by BSC allows for much higher transaction throughput and significantly reduced environmental impact and energy usage. This improvement also keeps the system secure, and dramatically reduces the fees associated with transactions. As a utility cryptocurrency that provides valuable services and discounts, ETAL grants access to users even if they only have one token in their crypto wallet. Compared to other crypto tokens, ETAL is unique as its value is determined not just by supply and demand, but by the quality and number of benefits that it provides. Token holders gain access to meaningful services, top quality products, and discounts. And as the list of Providers grow, making more exclusive discounts and services available, Etalon\'s added value to token holders increases. A total of 5 million (i.e., 5,000,000) ETAL tokens are available. The ICO of ETAL just started and more than 300 000 tokens out of 5 million already found its owner. Don\'t miss the opportunity to join now. The ETAL token will be listed on LBank Exchange this April, investors who are interested in the Etalon investment can easily buy and sell ETAL token on LBank Exchange once it\'s listed, or through the official website of Etalon.cash during the ICO. Learn More about ETAL Token: Official Website: https://etalon.cash Telegram: https://t.me/EtalonToken Twitter: https://twitter.com/EtalonCash About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users\' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media: l Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTube Contact Details: LBK Blockchain Co. Limited LBank Exchange [email protected] [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150483', 'This news release constitutes a "designated news release" for the purposes of the Company\'s prospectus supplement dated September 2, 2022 to its amended and restated short form base shelf prospectus dated January 4, 2022. Vancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the "Company" or "HIVE") is pleased to announce the production figures from the Company\'s global Bitcoin operations for the month of December 2022 and the calendar year 2022, with 213.8 Bitcoin produced in December, plus USD $3.15 million of income from our energy price hedging and grid balancing strategy. Additionally, the Company produced crypto assets with a value of 4,752 Bitcoin (based on daily average price of Bitcoin) in 2022, which is an 18% increase from the
**Last 60 Days of Bitcoin's Closing Prices:**
[17586.77, 17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-09
**Financial & Commodity Data:**
- Gold Closing Price: $1872.70
- Crude Oil Closing Price: $74.63
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $331,116,914,594
- Hash Rate: 257609687.17239985
- Transaction Count: 287347.0
- Unique Addresses: 662916.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Debate has accelerated in recent days over the future prospects of Solana, a layer 1 smart-contract blockchain that in some respects competes with Ethereum. The chain grew rapidly and saw immense hype during the 2020-2021 bull market, particularly from venture capitalists. But the recent departure of major projects to other chains and a massive drop in total value on the Solana chain have raised questions about its future prospects.
Lingering technological challenges are a common worry cited by doubters. Competition from Ethereum layer 2s represent a growing threat to Solana’s core premise of faster and lower-cost transactions. But the biggest cloud shading Solana’s sunshine is the fall of Sam Bankman-Fried, founder of the FTX exchange and hedge fund Alameda Research.
David Z. Morris is CoinDesk's chief insights columnist.
Bankman-Fried was perhaps the single most prominent backer of Solana, and skeptics could reasonably argue that the price appreciation of theSOLtoken and related assets from 2020-2021 was driven at least in part by Bankman-Fried’s marketinterventions and advocacy.
The consequences of growing Solana skepticism have been dire, based purely on numbers. From a peak price of $258.78 on Nov. 6, 2021, Solana’s SOL token has declined to just over $10. That’s a drop of 96%, vastly sharper than the drawdown from peak forBTC(-74.5%) andETH(-74.6%). It’s even a sharper drop, incredibly, than dogecoin (DOGE) has seen in the bear market – the meme coin isdown a mere 76%from its October 2021 local high, though it's 87% down from its May 2021 all-time high.
From its position as the fifth-most valuable crypto token in early November, Solana’s SOL token has dropped to 19th place, according to data from CoinGecko.
See also:Solana DeFi Project Mercurial to Relaunch, Replace Token
The total value of tokens staked in decentralized-finance (DeFi) protocols on Solana has declined even more dramatically, from nearly $10.2 billion on Nov. 9, 2021 to under $210 million at press time – a decline of nearly 98%. Solana is now only the 12th-largest DeFi chain bytotal value lockedor TVL, trailing not only Ethereum layer 2s like Polygon and Optimism, but also far more obscure projects like Cronos and DefiChain.
The single sharpest percentage drop in Solana’s metrics came in early November following the collapse of FTX, and mounting evidence of massive fraud by Sam Bankman-Fried. It now seems increasingly likely that some of Bankman-Fried’s extensive support for the chain was funded viaFTX’s wholesale theft of customer funds.
Former Alameda executives including CEO Caroline Ellison, moreover, have claimed in recent statements to the U.S. Securities and Exchange Commission that Bankman-Fried encouragedmarket manipulation of FTX’s FTT token. Given that, it seems improbable that Bankman-Fried wasn't also manipulating the price of Solana-based projectshe helped launch,controlled large stakes inand used in theaccounting and loan fraudthat formed the core of the FTX swindle.
Those related projects, including the Serum decentralized exchange and the self-described DeFi brokerage Oxygen, are sometimes derisively referred to as “Samcoins.” They have seencatastrophic declinesin their own token prices, and Serum wasrendered “defunct”by the collapse of FTX, necessitating acommunity fork.
Market manipulation via Alameda would have effectively been funded by the clandestine redirection of FTX customer funds from other assets, such as bitcoin and ether, toward the trading of SOL or other ecosystem tokens. Alameda’s market-making and trading activities as a whole appear in retrospect to have beenwildly unprofitable. Some critics have argued that their SOL activity would have amounted to propping up the value of Solana, while artificially holding down the price of blue chips like ETH and BTC.
This chaos has led to hints of something like a death spiral as developers and projects depart the struggling chain. Most dramatically, the DeGods and Y00ts NFT (non-fungible token) projects were confirmed to beleaving Solanafor Ethereum and Polygon, respectively. In November, stablecoin issuer Tether swapped $1 billion of USDTfrom Solana to Ethereum.
All this comes on top of worries that predated the collapse of FTX. Solana has experiencedrepeated chain haltssince its inception, often caused by “botting” or other forms of spam overwhelming the network. This is inextricably linked to Solana’s core value proposition as a faster, cheaper layer 1 than Ethereum: For a blockchain, lower transaction costs and higher speed often come as a trade-off for security and stability.
See also:Is Solana Leading Crypto Into Retail or Trailing Apple?| Opinion
Moreover, that value proposition may itself be less compelling than it was when Solana launched in March 2020. The years since have seen significant growth in “layer 2” products on Ethereum that offer faster and less expensive transactions, but gain the benefit of Ethereum’s security, mostly through the use of“rollup” technology. Those new competitors includeOptimism, a layer 2 that launched in December 2021 and now has more than twice as much value locked as Solana.
These are serious headwinds, and commentators across the crypto industry have beendebating the chain’s prospectsin recent days. In a best-case scenario, Solana’s remaining builders face a long road back to ecosystem health and relevance. The big question is whether there are enough of them, with enough conviction, to go the distance....
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global. See related article: U.S. subpoenas hedge funds in Binance probe: report Fast facts Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise, according to CoinMarketCap . Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%. BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors have reportedly issued subpoenas to several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations. Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report by Lithuanian cryptocurrency payments processor CoinGate . The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion. U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%. The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy. In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December. See related article: Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global.\nSee related article:U.S. subpoenas hedge funds in Binance probe: report\n• Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise,according to CoinMarketCap.\n• Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%.\n• BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors havereportedly issued subpoenasto several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations.\n• Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion.\n• U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%.\n• The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy.\n• In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December.\nSee related article:Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global.\nSee related article:U.S. subpoenas hedge funds in Binance probe: report\n• Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise,according to CoinMarketCap.\n• Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%.\n• BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors havereportedly issued subpoenasto several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations.\n• Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion.\n• U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%.\n• The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy.\n• In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December.\nSee related article:Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Good morning. Here’s what’s happening:\nPrices:Solana\'s SOL and alternative coins including Serum\'s SRM are benefiting from the year\'s first mini-rally in altcoins. A short squeeze added fuel.\nInsights:Alex Thorn, head of research at crypto investment firm Galaxy Digital, tells CoinDesk that Web3 blockchain startups and trading-based services could continue to lead venture-capital deals and funding in 2023.\nCoinDesk Market Index (CMI)\n841.62\n+6.7▲0.8%\nBitcoin (BTC)\n$17,186\n−20.4▼0.1%\nEthereum (ETH)\n$1,326\n+26.0▲2.0%\nS&P 500 daily close\n3,892.09\n−3.0▼0.1%\nGold\n$1,879\n+6.5▲0.3%\nTreasury Yield 10 Years\n3.52%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nMini altcoin rally generates enthusiasm for first time in months\nBy Sam Reynolds\nEveryone gets a second chance in crypto.\nWeeks ago, Solana was on its deathbed. As 2022 came to a close, the Ethereum competitor — which was at the center of the Sam Bankman-Fried universe of tokens —had lost more than 90% of its value. Its loudest cheerleaders, such as Sino Global Capital,may have gotten stuck as big holders.\nBut now Solana\'s native SOL tokens are getting a fast price pump as crypto markets attempt a recovery after months in the doldrums,according to CoinDesk data. The protocol’s token is up 11% in the last 24 hours and 46% in the last two weeks.As CoinDesk reported earlier, there’s strong transactional activity on the network, with daily active users increasing by 40% during the last two weeks. Silly meme coins like the Shiba inu-themed BONK token, which is paying out 2021 "DeFi Summer"-like1,000% yield for liquidity providers, has a lot to do with it.\nAside from Solana’s comeback story, the other crypto majors are also doing well. Bitcoin (BTC) is slowly creeping its way back to $20,000, having recently breached the $17,000 mark, and ether (ETH) is up 3% in the last 24 hours, coming in at $1,326. Altcoins got aboost from a short squeeze. The CoinDesk Market Index (CMI) is up 1.2% over the past 24 hours.\nAll this is pushing upcrypto-related mining stocks too. Granted, many are down 80% on-year for 2022, but recoveries begin with green shoots.\nGalaxy Digital\'s Head of Research Sees More Venture Funding for Web3 Firms This Year\nBy Fran Velasquez\nWeb3 blockchain startups and trading-based services led venture-capital deals and funding in 2022, and the trend could continue this year, according to Alex Thorn, head of research at crypto investment firm Galaxy Digital.\nThorn told CoinDesk TV’s “First Mover” on Monday that the Web 3 sector, which is made up of non-fungible tokens (NFT), decentralized autonomous organizations, themetaverseand online gaming, were 31% of deals in 2022, while 13% were made up of trading platforms.\nVCs invested more than $30 billion into crypto and blockchain startups in 2022, according to Galaxy\'s “Crypto VC Year End” report.\nThorn noted, however, that the number of deals and amount of money invested steadily declined every quarter during 2022, pointing out that macroeconomic factors coupled with the fall of significant crypto companies may have played a role in the decrease.\nRead thefull story here.\n9:10 a.m. HKT/SGT(1:10 UTC)Bank of Japan\'s Governor Kuroda Speech\n11:30 p.m. HKT/SGT(15:30 UTC)Australia Monthly Consumer Price Index (YoY/Nov)\n12:30 a.m. HKT/SGT(16:30 UTC)China Consumer Price Index (YoY/Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDCG Reportedly Faces Investigation by US Authorities; Bitcoin Eclipses $17K\nAccording to Bloomberg, officials with the U.S. Department of Justice\'s Eastern District of New York and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the conglomerate\'s Genesis subsidiary. (Genesis and CoinDesk are owned by DCG.) Bernstein\'s Gautam Chhugani weighed in. Meanwhile, bitcoin (BTC) decisively pushed past $17,000, appearing to break out of a three-week range. Plus, CoinDesk Research Associate George Kaloudis and Galaxy Digital Head of Firmwide Research Alex Thorn shared their 2022 crypto year in review research.\nBeaten-Down FTT, Serum Tokens Lead Altcoin Rally, Triggering Short Squeeze: Traders liquidated some $245 million worth of short positions, according to Coinglass.\nCrypto Markets Analysis: Falling Inflation Expectations Might Signal Bullish Turn for Bitcoin: Consumers\' inflation expectations are coming down slowly – possibly removing one potential self-fulfilling prophecy from the list of things the Federal Reserve has to worry about.\nCFTC Alleges Market Manipulation Against Mango Markets Exploiter: The U.S. Commodity Futures Trading Commission (CFTC) brought manipulation charges against Mango Markets exploiter Avraham Eisenberg on Monday, just weeks after he was arrested by the U.S. Department of Justice (DOJ) on similar charges.\nGalaxy Digital\'s Head of Research Sees More Venture Funding for Web3 Firms This Year: The sector led VC funding in 2022, a report from the firm said.\nCoinDesk Research’s 2022 Annual Crypto Review:Even though 2022 was a bear market, it was an eventful year for all facets of the crypto industry.\nRobinhood Shares Worth Nearly $500M Seized in FTX Case:The stock was owned – via a holding company – by Sam Bankman-Fried and his FTX co-founder Gary Wang.\nAround 117 Parties Interested in Buying FTX Units, Court Documents Show:Attempts to urgently sell LedgerX and FTX Japan have invited legal protest.\nThe Ether Trade That Made the Most Noise Last Week:A so-called whale placed a large buy order for bearish put options tied to ether, seeking protection against an extended price slide to below $400 by the end of June.\nMetropolitan Bank Heads for Crypto Exit:The bank cited recent developments in the crypto industry as one of the reasons for the move.', 'Good morning. Here’s what’s happening: Prices: Solana\'s SOL and alternative coins including Serum\'s SRM are benefiting from the year\'s first mini-rally in altcoins. A short squeeze added fuel. Insights: Alex Thorn, head of research at crypto investment firm Galaxy Digital, tells CoinDesk that Web3 blockchain startups and trading-based services could continue to lead venture-capital deals and funding in 2023. Prices CoinDesk Market Index (CMI) 841.62 +6.7 ▲ 0.8% Bitcoin (BTC) $17,186 −20.4 ▼ 0.1% Ethereum (ETH) $1,326 +26.0 ▲ 2.0% S&P 500 daily close 3,892.09 −3.0 ▼ 0.1% Gold $1,879 +6.5 ▲ 0.3% Treasury Yield 10 Years 3.52% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Mini altcoin rally generates enthusiasm for first time in months By Sam Reynolds Everyone gets a second chance in crypto. Weeks ago, Solana was on its deathbed. As 2022 came to a close, the Ethereum competitor — which was at the center of the Sam Bankman-Fried universe of tokens — had lost more than 90% of its value . Its loudest cheerleaders, such as Sino Global Capital, may have gotten stuck as big holders. But now Solana\'s native SOL tokens are getting a fast price pump as crypto markets attempt a recovery after months in the doldrums, according to CoinDesk data . The protocol’s token is up 11% in the last 24 hours and 46% in the last two weeks. As CoinDesk reported earlier , there’s strong transactional activity on the network, with daily active users increasing by 40% during the last two weeks. Silly meme coins like the Shiba inu-themed BONK token, which is paying out 2021 "DeFi Summer"-like 1,000% yield for liquidity providers , has a lot to do with it. Aside from Solana’s comeback story, the other crypto majors are also doing well. Bitcoin ( BTC ) is slowly creeping its way back to $20,000, having recently breached the $17,000 mark, and ether ( ETH ) is up 3% in the last 24 hours, coming in at $1,326. Altcoins got a boost from a short squeeze . The CoinDesk Market Index ( CMI ) is up 1.2% over the past 24 hours. Story continues All this is pushing up crypto-related mining stocks too. Granted, many are down 80% on-year for 2022, but recoveries begin with green shoots. Insights Galaxy Digital\'s Head of Research Sees More Venture Funding for Web3 Firms This Year By Fran Velasquez Web3 blockchain startups and trading-based services led venture-capital deals and funding in 2022, and the trend could continue this year, according to Alex Thorn, head of research at crypto investment firm Galaxy Digital. Thorn told CoinDesk TV’s “ First Mover ” on Monday that the Web 3 sector, which is made up of non-fungible tokens ( NFT ), decentralized autonomous organizations, the metaverse and online gaming, were 31% of deals in 2022, while 13% were made up of trading platforms. VCs invested more than $30 billion into crypto and blockchain startups in 2022, according to Galaxy\'s “Crypto VC Year End” report. Thorn noted, however, that the number of deals and amount of money invested steadily declined every quarter during 2022, pointing out that macroeconomic factors coupled with the fall of significant crypto companies may have played a role in the decrease. Read the full story here . Important events 9:10 a.m. HKT/SGT(1:10 UTC) Bank of Japan\'s Governor Kuroda Speech 11:30 p.m. HKT/SGT(15:30 UTC) Australia Monthly Consumer Price Index (YoY/Nov) 12:30 a.m. HKT/SGT(16:30 UTC) China Consumer Price Index (YoY/Dec) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : DCG Reportedly Faces Investigation by US Authorities; Bitcoin Eclipses $17K According to Bloomberg, officials with the U.S. Department of Justice\'s Eastern District of New York and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the conglomerate\'s Genesis subsidiary. (Genesis and CoinDesk are owned by DCG.) Bernstein\'s Gautam Chhugani weighed in. Meanwhile, bitcoin (BTC) decisively pushed past $17,000, appearing to break out of a three-week range. Plus, CoinDesk Research Associate George Kaloudis and Galaxy Digital Head of Firmwide Research Alex Thorn shared their 2022 crypto year in review research. Headlines Beaten-Down FTT, Serum Tokens Lead Altcoin Rally, Triggering Short Squeeze : Traders liquidated some $245 million worth of short positions, according to Coinglass. Crypto Markets Analysis: Falling Inflation Expectations Might Signal Bullish Turn for Bitcoin : Consumers\' inflation expectations are coming down slowly – possibly removing one potential self-fulfilling prophecy from the list of things the Federal Reserve has to worry about. CFTC Alleges Market Manipulation Against Mango Markets Exploiter : The U.S. Commodity Futures Trading Commission (CFTC) brought manipulation charges against Mango Markets exploiter Avraham Eisenberg on Monday, just weeks after he was arrested by the U.S. Department of Justice (DOJ) on similar charges. Galaxy Digital\'s Head of Research Sees More Venture Funding for Web3 Firms This Year : The sector led VC funding in 2022, a report from the firm said. CoinDesk Research’s 2022 Annual Crypto Review: Even though 2022 was a bear market, it was an eventful year for all facets of the crypto industry. Robinhood Shares Worth Nearly $500M Seized in FTX Case: The stock was owned – via a holding company – by Sam Bankman-Fried and his FTX co-founder Gary Wang. Around 117 Parties Interested in Buying FTX Units, Court Documents Show: Attempts to urgently sell LedgerX and FTX Japan have invited legal protest. The Ether Trade That Made the Most Noise Last Week: A so-called whale placed a large buy order for bearish put options tied to ether, seeking protection against an extended price slide to below $400 by the end of June. Metropolitan Bank Heads for Crypto Exit: The bank cited recent developments in the crypto industry as one of the reasons for the move.', '(Our weekly analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal Jan 10 (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', '(Our weekly analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal Jan 10 (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', '(Our weekly analysis of the wild world of cryptocurrencies. Repeats for additional subscribers) By Lisa Pauline Mattackal Jan 10 (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'By Lisa Pauline Mattackal (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? Graphic: Calm on crypto front https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/jnpwywelqpw/chart.png THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'By Lisa Pauline Mattackal (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? Graphic: Calm on crypto front https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/jnpwywelqpw/chart.png THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'By Lisa Pauline Mattackal (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? Graphic: Calm on crypto front https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/jnpwywelqpw/chart.png THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'By Lisa Pauline Mattackal\n(Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week.\nCryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year.\nBitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data.\n"It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research.\nCryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed.\nWhile lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research.\nFor some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022.\n"I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro.\nSo what happens now?\nGraphic: Calm on crypto front https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/jnpwywelqpw/chart.png\nTHE BULL\'S TALE\nMarcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts.\nThe bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added.\nThis possible scenario was echoed by Arcane Research\'s Lunde.\n"These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said.\nAdditionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open.\nTHE BEAR\'S TALE\nOn the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy.\n"The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou.\nEconomic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive.\n"The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday.\nMeanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange.\nSome major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%.\n(Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'By Lisa Pauline Mattackal\n(Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week.\nCryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year.\nBitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data.\n"It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research.\nCryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed.\nWhile lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research.\nFor some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022.\n"I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro.\nSo what happens now?\nGraphic: Calm on crypto front https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/jnpwywelqpw/chart.png\nTHE BULL\'S TALE\nMarcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts.\nThe bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added.\nThis possible scenario was echoed by Arcane Research\'s Lunde.\n"These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said.\nAdditionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open.\nTHE BEAR\'S TALE\nOn the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy.\n"The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou.\nEconomic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive.\n"The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday.\nMeanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange.\nSome major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%.\n(Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'By Lisa Pauline Mattackal (Reuters) - Bitcoin\'s looking steady in 2023. But it\'s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has risen 5% to $871 billion since Jan. 1, but it\'s still down over 57% from this time last year. Bitcoin itself has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300. The world\'s biggest cryptocurrency is eerily subdued, with its 7-day volatility dropping to levels not seen since October 2018, according to Refinitiv Eikon data. "It will be a year for the patient, as we do not anticipate prices nearing former all-time highs in 2023," said Vetle Lunde, senior analyst at Arcane Research. Cryptocurrency spot trading volumes remain similarly muted after slumping about 48% in December versus the previous month to $544 billion, their lowest level since December 2019, CryptoCompare data showed. While lower trading volumes are common around the turn of the year, the crypto market apathy has been exacerbated by a "general exodus" of active retail investors, according to Arcane Research. For some market players, though, subdued sounds pretty good after the bitcoin bloodbath of 2022. "I feel encouraged by the floor we\'ve seen forming under bitcoin, it shows there\'s a lot of demand around $16,000 and $17,000 levels," said Callie Cox, investment analyst at investment platform eToro. So what happens now? Graphic: Calm on crypto front https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/jnpwywelqpw/chart.png THE BULL\'S TALE Marcus Sotiriou, analyst at digital asset broker GlobalBlock, pointed to tightening Bollinger bands - a technical indicator tracking price and volatility - on bitcoin charts. The bands are at their tightest since July 2020, and such tightening has historically preceded aggressive moves to the upside for bitcoin, he added. Story continues This possible scenario was echoed by Arcane Research\'s Lunde. "These low volatility periods rarely last for long, and volatility compression periods have previously tended to be followed by sharp moves, even in stagnant markets," he said. Additionally, funding rates for perpetual bitcoin futures have been positive since Dec. 19, according to Coinglass data, meaning traders are betting on prices to rise and will pay to keep their long positions open. THE BEAR\'S TALE On the other hand, cryptocurrencies remain at the mercy of macroeconomic headwinds as worries whirl around a slowing global economy. "The weaker economic outlook means people have less disposable income to invest in what they deem as risky assets like crypto," said GlobalBlock\'s Sotiriou. Economic uncertainty could send investors running for the safety of the U.S. dollar, which tends to be inversely correlated to bitcoin, said Dalvir Mandara, quantitative researcher at MacroHive. "The macro backdrop is still bearish for crypto," Mandara added in a note on Thursday. Meanwhile, crypto corporates face the fallout from the collapse of Sam Bankman-Fried\'s FTX exchange. Some major firms have started laying off employees in a bid to save costs, while Silvergate Bank reported an $8 billion drop in crypto-related deposits which sent its shares plunging nearly 43%. (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Pravin Char)', 'Blue-chip shares today made further progress after the FTSE 100 index closed at its highest level in over three years on Friday.\nProspects at the start of this week have been boosted by China’s reopening and hopes that the US economy can avoid a
**Last 60 Days of Bitcoin's Closing Prices:**
[17034.29, 16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-10
**Financial & Commodity Data:**
- Gold Closing Price: $1871.60
- Crude Oil Closing Price: $75.12
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $334,070,477,538
- Hash Rate: 286421296.9219445
- Transaction Count: 302809.0
- Unique Addresses: 695664.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin dipped Wednesday after negative news from bank bosses caused investors to shift risk assets. The largest cryptocurrency by market cap was trading for $16,813 at the time of writing, according to CoinGeckoa 1.2% 24-hour drop. Earlier in the day, it sharply dropped from $17,046 to $16,750 in just two hoursa level not experienced since the end of November. The rest of the crypto market was mostly trading at a loss after recession forecasts and job cut announcements from top bank chiefs led Wall Street traders to sell stocks: the Nasdaq 100 down 2% and the S&P 500 was on set for its fourth losing day in a row. Digital assets have largely been correlated with U.S. equities this year. When the Federal Reserve has raised interest rates to get historically high inflation under control, investors have sold so-called risk assetswhich include tech stocks, Bitcoin and other digital assetsand retreated to the perceived safety of the U.S. dollar. And when the Fed has shown signs of slowing down its aggressive monetary policy, the price of equities has jumped uptaking the crypto market (mostly) with it. But other factors have weighed hard on assets like Bitcoin and Ethereum, too: In May, crypto project Terra crashed, leading to a brutal sell-off. And at the start of last month, FTX, one of the biggest digital asset exchanges went bust, ultimately scaring investors away from an already volatile market. And it isn't just Bitcoin taking a hit. Ethereum is also down today by over 2%, trading hands for $1,229. The second largest digital asset also experienced a sharp sell off earlier today. It's now down 74% from its all-time high of $4,878. And out of the biggest cryptocurrencies by market cap, Dogecoin has been hit the hardest today: the original meme coin and eighth largest digital asset was priced at $0.095 at the time of writinga 4.2% 24-hour dip. Dogecoin Now Second-Largest Proof-of-Work Coin After Ethereum Merge The cryptocurrency had been an outlier at the end of November and the start of this month, popping up in value, while the rest of the market was sleepy, following speculation that Elon Musk, who frequently tweets about the meme coin, might include it in his Twitter plans. But it is now down 6.6% in the past seven days....
- Reddit Posts (Sample): [['u/EdwinPeng88', '"AI Trading Algorithms/Prediction Software" as the Next Big Scam - with Crypto & post-Crypto', 40, '2023-01-10 00:32', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/', "So apparently personal finance YouTubers/Influencers are now doing AI-related schemes/scams where supposedly this magical AI software can predict which stocks will be best. \n\nIf NFTs and high yield accounts are what sparked the 2020/2021 bubble, I'm guessing that something related to AI could be what can prompt a future Bitcoin/crypto bubble - perhaps when Fed start cutting rates some exchange or startup might tout some AI-related crypto shit.\n\n[https://youtu.be/BbMQdshA-B4](https://youtu.be/BbMQdshA-B4)", 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/', '107twrk', [['u/archisgore', 22, '2023-01-10 01:26', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3omg7l/', "Don't underestimate Quantum. The industry needs the next fad.", '107twrk'], ['u/EdwinPeng88', 11, '2023-01-10 01:33', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3onfak/', 'What about quantum-AI-blockchain-Web 4.0?', '107twrk'], ['u/archisgore', 10, '2023-01-10 01:34', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3onl8w/', 'Sounds like a Goldilocks investment! Take all my money!', '107twrk']]], ['u/Training_Ant_661', 'Article Update about North Bay', 16, '2023-01-10 00:54', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/', '[https://www.northernontariobusiness.com/industry-news/technology/north-bay-bitcoin-operation-shuttered-over-power-bill-dispute-6351758](https://www.northernontariobusiness.com/industry-news/technology/north-bay-bitcoin-operation-shuttered-over-power-bill-dispute-6351758)', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/', '107ufw2', [['u/Dropperofdeuces', 14, '2023-01-10 01:08', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/j3ojw2p/', 'Sounds like Validus may eventually become a competitor to HUT if they really do open their own data centers. \n\nThis would be a good opportunity for HUT to just buy these guys outright and vertically integrate power generation into their operations. It would also likely be a first of its kind where a crypto miner also owns its own power plant.', '107ufw2']]], ['u/TheGlittering_Toe', 'Confused why everyone isn’t buying Bitcoin rn', 88, '2023-01-10 02:21', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/', 'The charts are quite closely mirroring the charts from 4 years ago. Seems clear to be there will be a medium sized pump within the next few months.\n\nEdit: Some people think I’m trying to say Bitcoin’s about to hit ATHs. These are my thoughts articulated more clearly \n\nhttps://youtu.be/GFC_WwlYfrk\n\nATHs? No. Significant pump in the next few months? Personally I think so.', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/', '107wgbg', [['u/NewTullius', 45, '2023-01-10 02:32', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3ovyl6/', "Bear market -- now is definitely a good time to accumulate, but I think alot of the wind has just gone out of the winds of the market. I personally think it's a good time to buy, and agree there's likely to be a pump.\n\nOne other factor to take into account is the general macro environment, so we can't just look at the BTC charts from 4 years ago and use it for a one-to-one comparison. \n\n\nI am bullish this year though!", '107wgbg'], ['u/hangender', 26, '2023-01-10 02:43', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3oxgyk/', 'Next halving is 2024. Which means pump is late 2024 early 2025.\n\nGotta study the cycles bro and not just simple TA', '107wgbg'], ['u/420algohodler', 11, '2023-01-10 03:27', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p3ywz/', 'They always wait till btc is at $21k/$29k/$30k don’t they 🤣', '107wgbg'], ['u/Empire156', 15, '2023-01-10 03:31', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p4kkv/', 'Fool me once, shame on….', '107wgbg'], ['u/donttrustdinosaurs', 36, '2023-01-10 03:37', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p5g46/', 'I’m a long term bull but there’s a very good reason the SEC makes funds state “past performance is no guarantee of future results.”', '107wgbg'], ['u/toughgetsgoing', 129, '2023-01-10 04:02', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p8vsf/', 'I dotn have any cash left to buy', '107wgbg'], ['u/fightglobalwarning', 15, '2023-01-10 04:33', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pd5oj/', 'Everyone is out of money prolly', '107wgbg'], ['u/ETH_Knight', 73, '2023-01-10 04:40', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pe12q/', 'Lol no fiat left. Also recession around the corner.', '107wgbg'], ['u/poorlytaxidermiedfox', 123, '2023-01-10 06:35', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3prbpg/', 'My dude, I can barely afford groceries and diesel…', '107wgbg'], ['u/cl3ft', 13, '2023-01-10 06:48', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pskna/', "People are, but there's no new people outside the crypto space joining in because the reality is the crypto industry that gets the news stories is a complete shit show right now. Everything is fucked.\n\nIt's like trying to sell someone oil shares just after six consecutive Enron disasters.", '107wgbg'], ['u/moppdog', 19, '2023-01-10 06:59', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3ptnv1/', "Appreciate reasoning. So sick and tired of ppl (like OP) thinking charted data is predictive. What are we, temple priests reading the smudges? Astrologers? Tea Leaf diviners? If you believe in reading charts and you've lost money, hey, that's why.", '107wgbg'], ['u/Iamdrasnia', 14, '2023-01-10 07:18', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pvgzj/', 'I totally disagree. First off you need 2 look at US economy. 2nd you need to think about halting\n....please tell me how its gonna jump. I call 12k Bitcoin in May.', '107wgbg'], ['u/slipperynibs', 46, '2023-01-10 08:29', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3q1fvq/', 'I honestly think this is just a fake bull trap at 17.\n\ni still think its going down.\n\nwhole markets fucked, reverse repo, over leveraging, crypto market has ZERO trust right now, recession, housing market bubble, stock market insider trading/shorting is causing huge distrust in retailer traders, no one new is jumping into crypto right now, people are broke from getting rekt, crypto legislation is a clusterfuck...like the list goes on and on.\n\nIts crashed but it hasnt found a clear bottom yet.\n\nUntil it bounces to 21-24k its still bearish as fck and anyone who thinks otherwise is smoking hopium.\n\nI dont think we will see anything close to a bull market till end 2023/mid 2024.', '107wgbg'], ['u/lc-cosmocrator', 10, '2023-01-10 09:47', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3q7ew5/', 'People are buying, but small investors DCAing ~100$ is like a drop in the ocean\nAlso the FOMO that a bull market brings is non-existent in intense fear environments like the current one.\nThe crypto is dead narrative will probably last through the year while we crab.\nProbably a good time to devote the chart watching time to instead research and try to find projects with good fundamentals before the next cycle.', '107wgbg'], ['u/JMurph3313', 10, '2023-01-10 13:03', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3qmayc/', "Halving \\*^(sorry can't help myself)", '107wgbg']]], ['u/jelltris', 'Scammed by Kilos exchange', 20, '2023-01-10 04:01', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/', "I've been a frequent user of kilos for the last 3 years or so, always using the same URL, never had a single problem. \n\nYesterday I set up a BTC to XMR swap, like I've done many many times before, sent the funds through and then.... nothing. The message on the transaction screen was 'swap status: sending your money', and stayed that way for a few hours. When I went to check the transaction page today (which I'd bookmarked) it stated that the transaction ID was invalid and gave no further info.\n\nObviously my first thought was I'd been phished so I double checked the URL - no issues there, it was the same one I've always used.\n\nI've emailed kilos admin but had no reply.\n\nExtremely pissed off as I've just lost $700 USD\n\nPlease beware.", 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/', '107yo8h', [['u/DrinkMoreCodeMore', 13, '2023-01-10 04:28', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/j3pcigl/', 'Lol imagine using a website that has a pair of tits on it (always thought that was creepy AF) as an exchange and thinking they are honest.\n\nJust use SideShift.ai instead', '107yo8h'], ['u/jelltris', 18, '2023-01-10 05:36', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/j3pkxwi/', 'In boobies we trust(ed)', '107yo8h'], ['u/jelltris', 22, '2023-01-10 06:01', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/j3pntwi/', "I had a feeling with dread being down that more of this shit would start happening. I pretty much solely relied on dread to stay in the loop and now I feel like it's so much harder to find up to date info about what's going on", '107yo8h']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, January 10, 2023', 32, '2023-01-10 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/', '1081311', [['u/Beastly_Beast', 25, '2023-01-10 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3po4f5/', 'It’s really relaxing to not trade this market. I feel bad for everyone trying to squeeze juice from a rock, bullish or bearish. The risk reward is not there for either side, if you value your time and sanity and aren’t a tried and true range trader. Still not expecting much until we can see the light at the end of the 5% interest rate tunnel. 🥱', '1081311'], ['u/Duckbutter2000', 14, '2023-01-10 11:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qgotw/', 'I find this part of the cycle to be the least stressful. Only thing keeping me down are my massive mistakes last year that cost me a mill. Timing is everything :/', '1081311'], ['u/Downtown-Ad-4117', 19, '2023-01-10 12:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qhqj6/', 'We are like Internet in 1999 imo.\n\nIn a 1999 BBC interview, David Bowie tells a skeptical Jeremy Paxman, “I don’t think we’ve even seen the tip of the iceberg. I think the potential of what the internet is going to do to society, both good and bad, is unimaginable.” When Paxman retorts that the internet is merely a tool, Bowie calls it “an alien life form” and expresses his belief that “it is going to crush our ideas of what mediums are all about.“', '1081311'], ['u/krom1985', 18, '2023-01-10 12:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qk56j/', 'GBTC discount just reduced to 38% from about 50%?!\n\nhttps://twitter.com/DylanLeClair\\_/status/1612535595779211265?s=20&t=HYQhgHEYSeIJa6vytr5lbw', '1081311'], ['u/Duckbutter2000', 11, '2023-01-10 12:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qljdw/', "Is there an easy path to get a job in the USA as a Canadian? I gotta get the fuck out of this country it's gone mad. I'd like to live somewhere with decent weather and cheap land. Sorry I know this is off topic but the btc I cashed out gives me an opportunity to leave Canada.", '1081311'], ['u/LongStrongHopiumDong', 12, '2023-01-10 13:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qn5pf/', 'Look up the New Hampshire, Free State Project. Got a feeling you’d be into that. State motto is “Live Free or Die”', '1081311'], ['u/xtal_00', 11, '2023-01-10 13:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qp6gv/', 'If you have a professional degree, it’s not too bad. It isn’t easy though and that’s by design. I looked into working for Fidelity awhile back. I’m Canadian.\n\nNorth America is getting politically unstable and political reorganizations offer alternatives for migrants. That’s a 5+ year window though.\n\nSome US states offer investor track deals. The amount was recently raised to $2m from $500k. I have looked at this as well.\n\nHawaii is nice. South side of Big Island is relatively tourist free.\n\nIf you’re younger I would head for El Salvador or Costa Rica. If things get bad here one of those is a good option and you can buy your way in cheap.\n\nCanada isn’t a terrible place to ride out what is about to go down, though. Bitcoin taking over may not be pleasant.', '1081311'], ['u/Outrageous-Net-7164', 15, '2023-01-10 14:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qvdz1/', 'Probably means a million in untaken profits not lost a mill.', '1081311'], ['u/adichandra', 12, '2023-01-10 14:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qymmc/', 'Go to south east asia and live like a king. Indonesia, thailand, vietnam.', '1081311'], ['u/xtal_00', 12, '2023-01-10 14:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3qyzdm/', "Still in my long, although it's nice to see green. \n\nIt looks like support is forming at 17200.\n\nBreaking 17k is likely to send us back to 16700 hell. \n\nAny pressure up will have us challenging 18k quickly; we had some support at 17750 last time.", '1081311'], ['u/megahorse17', 22, '2023-01-10 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3r0ynf/', 'Barry is so fucked https://twitter.com/cameron/status/1612806661508567042', '1081311'], ['u/xtal_00', 12, '2023-01-10 15:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3r5s4x/', 'Gemini Trust.\n\nGemini is a different company, and is a custodian for a lot of BTC. Mine included. :)', '1081311'], ['u/_TROLL', 16, '2023-01-10 15:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3r6wms/', "> Whatever BTC you staked with Gemini or BlockFi is gone.\n\nPaying interest on a finitely-issued currency is a scam. It's unsustainable long-term. It's baffling how few people seem to understand this. Your bank can pay interest on your USD deposits because behind the curtain, the Fed taps some keys and manifests more USD out of thin air. You can't do that with Bitcoin-based deposits.", '1081311'], ['u/satoshisbitcoin', 11, '2023-01-10 15:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3r7i1r/', "This isn't just a matter of losing customers money, there is real accounting and criminal fraud here. Barry needs to be in jail", '1081311'], ['u/zberg69420', 11, '2023-01-10 16:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3rarhe/', 'many folks in the US *say* they want to move to Canada every time they have a little hissy fit and dont get their way, but no one ever goes.\n\nBut there are millions of people every day doing everything they can for a chance to live in the US. Including dying on boats and in trucks. \n\nSo ya, id say the gradient pretty much goes one way, and it aint toward Canada', '1081311'], ['u/Spare-Dingo-531', 14, '2023-01-10 17:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3rpafl/', 'This happened in 2017 too...... until it stopped happening.', '1081311'], ['u/aeronbuchanan', 17, '2023-01-10 18:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3rs86r/', "Nah, I think you're projecting. I see: \n\nMay = Luna crash (new low) \nMay--June = ranging \nJune = ~~Luna~~ 3AC crash (new low) \nJune--Nov = ranging \nNov = FTX crash (new low) \nNov--present = ranging\n\nedit: added May's Luna crash - completely forgot June was 3AC and that Luna was in May. ~~2023~~ 2022 was quite a year!", '1081311'], ['u/DamnMyAPGoinCrazy', 18, '2023-01-10 18:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3rylrz/', 'One more leg up, then elevator down.', '1081311'], ['u/zberg69420', 19, '2023-01-10 19:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3s7b1k/', '50% super excited that I have some great positions and have loaded up so much in the last few months, and 50% feeling like this must mean we are fucked because what are the chances I hit the bottom this well...\n\nHow many exchanges are left to go under?', '1081311'], ['u/diydude2', 10, '2023-01-10 20:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3sb3kp/', "Nah, no more big downs though I'm sure they'll try.\n\nKinda hard to tank this market when you don't have access to 500,000 of other people's Bitcoin to dump.", '1081311'], ['u/RobCali509', 11, '2023-01-10 20:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3sbbjh/', "The most important exchanges aren't going anywhere, tons of FUD out there like I've never seen before. We might go a bit lower but sellers are gone for the most part.", '1081311'], ['u/onemoneroisonemonero', 16, '2023-01-10 20:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3sc5e7/', 'Waiting for somewhere over 18-18.5k to open an imaginary short position', '1081311'], ['u/DontJabMe42069', 21, '2023-01-10 21:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3sn6wb/', 'FTX was selling paper bitcoins, we would have hit six figures without all of those shenanigans.', '1081311'], ['u/AccidentalArbitrage', 22, '2023-01-10 21:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3sneri/', 'I thought the consensus was that the bad actors used borrowed highly liquid coins (BTC, ETH, stablecoins) and sold them to prop up their illiquid shitcoins (FTT, CEL, LUNA, etc)?\n\nIf so, we should have seen **much** higher than $69k for BTC and fewer high-flying shitcoins without those bad actors.', '1081311'], ['u/ChadRun04', 12, '2023-01-10 21:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3ssxw2/', '> another super cycle \n\nThere has been a "super cycle"?\n\n> this cycle was fueled by a house of cards and bad actors and we still only managed 69k \n\nThey were selling Bitcoin for shitcoins not buying it.', '1081311'], ['u/ryan0302', 10, '2023-01-10 22:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3t14ee/', "So nice when dominance goes up because Bitcoin is pumping and not because it's dumping.", '1081311'], ['u/Downtown-Ad-4117', 13, '2023-01-10 23:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/1081311/daily_discussion_tuesday_january_10_2023/j3ta0uc/', 'If you only include coins using proof-of-work that are attempting to be money, Bitcoin dominance is at 92,63%.', '1081311']]], ['u/ChuckDeBongo', 'In my experience as a stacker, one thing which has kept me sane is this…', 110, '2023-01-10 06:43', 'https://www.reddit.com/r/Wallstreetsilver/comments/1081wpu/in_my_experience_as_a_stacker_one_thing_which_has/', '…when you stack whatever it is you stack (gold, silver, copper, bitcoin, nickel, etc.), just stack it and forget about it. Don’t look at the spot price, don’t pay too much to new regarding that commodity, nothing. Just stack it and forget it. Because if you TRULY believe that inflation will vindicate your decision to stack, then anything else is noise which could make you prone to reversing your decision. However, if you just got into this game just to get rich, then, you came in with the wrong mindset and you should probably try something else instead.\n\nThoughts?', 'https://www.reddit.com/r/Wallstreetsilver/comments/1081wpu/in_my_experience_as_a_stacker_one_thing_which_has/', '1081wpu', [['u/squirrelblender', 11, '2023-01-10 06:48', 'https://www.reddit.com/r/Wallstreetsilver/comments/1081wpu/in_my_experience_as_a_stacker_one_thing_which_has/j3psmgt/', 'Just stack. Just stack.', '1081wpu'], ['u/Sam_2OOO', 10, '2023-01-10 06:54', 'https://www.reddit.com/r/Wallstreetsilver/comments/1081wpu/in_my_experience_as_a_stacker_one_thing_which_has/j3pt7fv/', 'Big stack energy', '1081wpu']]], ['u/rBitcoinMod', 'Daily Discussion, January 10, 2023', 29, '2023-01-10 07:07', 'https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\n\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\n[Join us in the r/Bitcoin Chatroom!](https://discord.gg/K5H25KZHke)\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/1077w54/mentor_monday_january_09_2023_ask_all_your/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/', '1082cry', [['u/BigDeezerrr', 18, '2023-01-10 17:17', 'https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/j3rji3y/', 'It\'s great. Bitcoin only bottoms when everyone gets bored and stops paying attention. The people that stick around and DCA over the next year will be the ones that "got lucky" after the next halving.', '1082cry'], ['u/CallingVoid', 18, '2023-01-10 17:32', 'https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/j3rlvb0/', "Nah it's fine, when this place gets full of pump monkeys it gets disturbing.", '1082cry'], ['u/diadlep', 12, '2023-01-10 20:31', 'https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/j3sf9l2/', "Today's hot take: Bitcoin is actually good for the environment and sustainability because it decreases the incentive to consume and invest and increases the incentive to just stack sats. Money saved today will be worth more tomorrow (eventually). And so investment and expansion will more often only go to projects that actually deserve it, and consumption will more often only occur when necessary.\n\n(And yes, also green energy)", '1082cry'], ['u/ThatKeefMan', 10, '2023-01-10 22:41', 'https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/j3t1cwh/', 'He definitely knows what he did and is playing the ignorant card. Same with that Goblin he was dating.', '1082cry']]], ['u/bitcoincashautist', 'Legit Q by someone on Tg - How does BCH avoid becoming centralised at VISA-scale?', 17, '2023-01-10 11:31', 'https://www.reddit.com/r/btc/comments/1086md6/legit_q_by_someone_on_tg_how_does_bch_avoid/', "A: The process of growing into that kind of usage would put BCH at $1M/coin and allow people to invest in hardware to maintain decentralization.\n\nYou don't just get from 0 to 1GB overnight... first milestone for BCH will be 1MB of sustained real usage, then 2MB which will be unprecedented for a Bitcoin-tech chain, then 4MB which would match what Ethereum currently uses, and how big is the Eth ecosystem and where would having one as big like that around BCH put the price? We only got to 4MB in this thought experiment, and by then BCHers would've made a ton of money they could use to support further growth... where would the price of BCH be at 4MB of real adoption?", 'https://www.reddit.com/r/btc/comments/1086md6/legit_q_by_someone_on_tg_how_does_bch_avoid/', '1086md6', [['u/LovelyDayHere', 15, '2023-01-10 12:24', 'https://www.reddit.com/r/btc/comments/1086md6/legit_q_by_someone_on_tg_how_does_bch_avoid/j3qiuvq/', 'The key question is what does the questioner mean by "become centralized".\n\nDirectly earning money from BCH are the miners / pools.\n\nMining profitability inspires competition, just as now we see Bitcoin (and Bitcoin Cash) mining is done by several pools, with individual miners mining through those pools (but quite a few pools also being run by large mining interests themselves).\n\nObviously, it should be avoided that mining collapses into some entity that has more than 51% of the hashrate and is practically removed from the threat of competition. However, Bitcoin does have a possible defense mechanism against that to re-decentralize mining in the worst case.\n\nApart from that, some degree of centralization on the mining side is to be expected, and was clearly anticipated by the designer(s) of the system (Satoshi Nakamoto was explicit about it).\n\nBut centralization comes in many forms (e.g. how decentralized is the development / governance, and how decentralized are the users / holders of the currency, are the economic cycles that involve it controlled by intermediaries who answer to other centralized interests, ...)', '1086md6'], ['u/jessquit', 12, '2023-01-10 13:20', 'https://www.reddit.com/r/btc/comments/1086md6/legit_q_by_someone_on_tg_how_does_bch_avoid/j3qnuzh/', "I'll give you two answers. Here's the first answer.\n\nPoint out to that person that BCH today has enough capacity today to support the entire current real world demand for *decentralized onchain proof of work financial transactions* (ie. the entire combined current max capacity of BTC+BCH+ETH+ETC+DOGE+LTC) PLUS LN and still have plenty of room left over. IOW, BCH already scales to the world's current demand for onchain transactions and has since Satoshi mined his first block.\n\nNow point out that we've proven our software works well on current consumer hardware at ~10x that scale. Meaning we already have capacity for current AND mid-future. worldwide onchain demand.\n\nAnd that assumes that improvement stops there.", '1086md6']]], ['u/m1happy', 'BTC -> XMR -> BTC', 14, '2023-01-10 12:09', 'https://www.reddit.com/r/darknet/comments/10878qz/btc_xmr_btc/', 'If a site doesn’t accept XMR as payment would the conversion route above be a sensible approach, due to the anonymity of XMR?', 'https://www.reddit.com/r/darknet/comments/10878qz/btc_xmr_btc/', '10878qz', [['u/GoldenGonzo', 80, '2023-01-10 13:13', 'https://www.reddit.com/r/darknet/comments/10878qz/btc_xmr_btc/j3qn8bz/', "If your site doesn't accept XMR, and still accepts BTC, find a new one.", '10878qz'], ['u/free_speech_gal', 20, '2023-01-10 13:17', 'https://www.reddit.com/r/darknet/comments/10878qz/btc_xmr_btc/j3qnlp5/', '^^^This! But before you leave, tell the admins running that site they are putting every customer and vendor on their site in danger.', '10878qz'], ['u/Neutral_User_Name', 16, '2023-01-10 13:43', 'https://www.reddit.com/r/darknet/comments/10878qz/btc_xmr_btc/j3qq733/', 'BTC? What year is this, 2017?', '10878qz'], ['u/crumblingconscious', 28, '2023-01-10 13:48', 'https://www.reddit.com/r/darknet/comments/10878qz/btc_xmr_btc/j3qqppp/', 'Since no one really answered it, the answer is yes. The safest method would be using two different BTC wallets and doing BTC1-> XMR -> BTC2.\n\nThough I do agree with everyone else, that if a market doesn’t use XMR at this day in age, find a new market.', '10878qz']]], ['u/Paterakis518', 'I dislike "buying Bitcoin"', 90, '2023-01-10 13:43', 'https://www.reddit.com/r/Bitcoin/comments/1088xcb/i_dislike_buying_bitcoin/', 'Instead we should be saying "converting to Bitcoin" as one would say "I\'m converting my dollars to euros."', 'https://www.reddit.com/r/Bitcoin/comments/1088xcb/i_dislike_buying_bitcoin/', '1088xcb', [['u/Amber_Sam', 47, '2023-01-10 13:56', 'https://www.reddit.com/r/Bitcoin/comments/1088xcb/i_dislike_buying_bitcoin/j3qrlgk/', "We're calling the places exchanges to exchange fiat for bitcoin and back. We don't call them shops. So converting/exchanging should be the norm.", '1088xcb'], ['u/donmulatito', 17, '2023-01-10 14:29', 'https://www.reddit.com/r/Bitcoin/comments/1088xcb/i_dislike_buying_bitcoin/j3qv9k1/', "Bitcoin doesn't care about semantics.", '1088xcb'], ['u/Amber_Sam', 13, '2023-01-10 15:08', 'https://www.reddit.com/r/Bitcoin/comments/1088xcb/i_dislike_buying_bitcoin/j3r0bnq/', "Yes for speculation on its price - to sell in the future for fiat. Bitcoin is a currency. A legal tender of two countries already. I'm using it as such.", '1088xcb'], ['u/KAX1107', 10, '2023-01-10 15:12', 'https://www.reddit.com/r/Bitcoin/comments/1088xcb/i_dislike_buying_bitcoin/j3r0u8h/', "You're conditioned to the idea that commodity cannot be currency. Only commodity money can be hard money. Fiat is representative money, it's supposed to represent the value of a commodity but that commodity which used to back fiat no longer backs it so it's as good as toilet paper now.\n\nIt's possible for something to be a commodity and currency. Gold practically cannot be that which gave rise to representative paper money. Bitcoin [commoditizes energy](https://medium.com/capriole/the-energy-standard-b726edeed588) and turns it into informational currency which can be transferred and settled peer to peer anywhere in the world at the speed of this comment from when I press reply and you see it.\n\nDon't think about bitcoin within existing frames of reference.\n\n“Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to.” \n\n— Satoshi Nakamoto", '1088xcb']]], ['u/UMaySayImADr3am3r', 'A Mediterranean couple in Germany: Our FiRe story so far', 62, '2023-01-10 13:49', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/', "Married couple 45+36 living a big city in Germany. Both expats from Southern Europe (Greece+Turkey)\n\n&#x200B;\n\n* Emergency fund: €3k.\n* Stock market: €110k. Mostly passive index funds.\n* Crypto: €120k. Mostly btc+eth.\n* Gold: €10k. Mostly physical.\n* Real estate: Our parents own 2 flats in Greece and 1 more in Turkey in big cities. We will inherit in \\~10-20 years. We don't have good estimations about their value. (Not sure if these really count, of course). \n\nMonthly net earnings: €5600. We save €3800+. Half to index funds and half to crypto with DCA.\n\n&#x200B;\n\n&#x200B;\n\nI'm a computer engineer with almost 20 years of experience. My net salary is €3200 (13.5 salaries/year). I guess, I could do better than that.\n\nMy last 7 years are in a company with a good work life balance and slowly getting stale.\n\nI was thinking that it's time to look for new challenges, but got a bit lazy.\n\nI'm offered a position in a new team from my company that is about to start in about 4 months and I hope it will revive my interest.\n\nI was always into crypto, but in the last 2 years, I've been devoting a big amount of my time into doing research and learning about the space. This is definitely lets me less or no time for learning on being a better computer engineer. I'm not sure if this is bad. Never tried to somehow monetize my crypto knowledge/skills, maybe I should try to slowly build some passive income from the sector (e.g. by providing online content/consulting).\n\n&#x200B;\n\n&#x200B;\n\nMy wife finished her phd as a chemical engineer and moved to the industry last year. She's quite happy with her new job and doing pretty well. Currently she clears €2400/month (13 salaries/year). She expects good raises in the next years.\n\nHer main issue is a student loan of €150k that is at the moment frozen without getting interest. We'll start paying next year, then an interest will start running, unfortunately unknown to us yet. The plan of payment is for 5 years, starting with smaller payments and progressively increasing in amount.\n\nI figured out that we can cope with the repayment, as long as we continue our frugal way of life. We may need to cash out some of our investments on the last couple of years in the worst case.\n\n&#x200B;\n\nAfter repaying the debt, we may think of buying a flat/house, which will be more expensive than living on a low rent, but will give a different quality of life.\n\n&#x200B;\n\nWe're currently trying for our first kid. It could work very fast or take some time.\n\nThis will most probably brake a bit the career perspectives, mostly for the wife.\n\nIn Germany, the father and the mother can both take parenting time and get 65% of our salary. Say I do 3 months and she does 12, spending the first ones together at home with the baby.\n\n&#x200B;\n\n&#x200B;\n\nTrying to estimate our FiRe number:\n\nWe can live nicely with €2500/month, which makes €30k/year.\n\nI'll conservatively go for a 3% rule (instead of 4%) which makes a round €1M.\n\nWe have a long way in front of us. But I'm counting on the crypto assets. Let's see what will happen in the next 5-10 years. We may make it by then.\n\n&#x200B;\n\nYour comments are highly welcome. I hope I get some inspiration and maybe also inspire. Thank you in advance!", 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/', '10891bd', [['u/Rapante', 27, '2023-01-10 14:00', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3qs081/', "Seems to me you should work on your salaries. Your wife just recently started, but as a PhD she should be able to get significantly more. Same goes for you with your work experience. Perhaps consider relocating to a city where your skills are valued more.\n\nI like crypto, but it I'd invest a smaller proportion of your income. Regardless of technological potential, there is just too much regulatory risk involved, imho.\n\n> Never tried to somehow monetize my crypto knowledge/skills, maybe I should try to slowly build some passive income from the sector (e.g. by providing online content/consulting).\n\nHave you dabbled with smart contract programming? There are well paying opportunities for blockchain developers.", '10891bd'], ['u/Fire_Doc2017', 47, '2023-01-10 14:12', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3qtdie/', "Let's say there's a 1 in 3 chance crypto becomes the new standard currency around the world and BTC goes to a million or more, a 1 in 3 chance it basically stays where it is now and a 1 in 3 chance it totally goes away. Putting half of your money in crypto means in the first scenario (1 in 3) you make a killing and in the other two (2 in 3) you are wasting your time and money. You could do much better if you put 10% in crypto because you still make a killing in the first scenario but don't ruin your retirement in the other two scenarios.", '10891bd'], ['u/maexx80', 20, '2023-01-10 15:44', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3r5952/', 'The current bull market totally confirmed that hope with crypto nit at all being correlated to everything else /s', '10891bd'], ['u/NoEfficientAlgorithm', 64, '2023-01-10 15:44', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3r5bon/', "My 2 cents: Even if you're a big believer in crypto, you're too heavily invested in it. Beyond the money invested in it, take the time and energy you're putting into researching that space into your job to grow your earnings.", '10891bd'], ['u/makesufeelgood', 40, '2023-01-10 16:27', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3rblpm/', 'This is a really good strategy to increase the odds your FIRE journey fails. Just going to be honest with you.', '10891bd'], ['u/Diamond_Specialist', 13, '2023-01-10 16:37', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3rd4f0/', 'Your 90% estimate is false hope, might as well play the lotto or hit up the casino.', '10891bd'], ['u/TonyTheEvil', 15, '2023-01-10 17:01', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3rgy32/', ">90% that in the next bull market, my crypto portfolio will perform a 5-15x of its current value.\n\nWhy don't you think this is priced in?", '10891bd'], ['u/Blackrock_38', 20, '2023-01-10 17:48', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3rodzu/', 'Wow that’s a lot of crypto. \n\nWe are also foreigners in Germany with a similar income. We had 250.000€ from the sale of our apartment. We chose to put 50% in another house (we live in France and work in GER, saves on taxes) 47% in index funds and 3% in Crypto. \n\nWe are not currently contributing more into the Crypto. Only pumping our index funds hard and paying down our mortgage, a 20 year at 1.05%.\n\nWe are not saving as much monthly though, 2000 in index funds and 1000 on the mortgage.\n\nI can see from your answers that you are a hardcore crypto guy, but I would suggest hitting pause on that and pumping the other investments up. You will still be mega rich if Crypto goes bananas, but also if it doesn’t…', '10891bd'], ['u/falkoN21', 28, '2023-01-10 19:27', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3s4ufi/', '20 years of experience on 3200€ net? That is extremely low for Germany!', '10891bd'], ['u/Pearl_is_gone', 14, '2023-01-10 21:08', 'https://www.reddit.com/r/Fire/comments/10891bd/a_mediterranean_couple_in_germany_our_fire_story/j3slkeo/', "You don't yolo on probability weighted bets when its a one-off gamble. That is literally a no brain move. \n\nYou can go large on probability weighted gains when there's a series of trades, such that the law of large numbers start playing in. \n\nBut NEVER when it is a one-off bet.", '10891bd']]], ['u/TheLooseStools', 'Cashing out on Bovada', 19, '2023-01-10 14:59', 'https://www.reddit.com/r/sportsbook/comments/108ahsa/cashing_out_on_bovada/', 'Any advice on the best way to cash out with Bovada? I’m a new user and am trying to decide between using bitcoin deposit or a cash voucher. How much percentage do they take for either one? Is one quicker than the other or easier?', 'https://www.reddit.com/r/sportsbook/comments/108ahsa/cashing_out_on_bovada/', '108ahsa', [['u/KidGriffey', 11, '2023-01-10 16:39', 'https://www.reddit.com/r/sportsbook/comments/108ahsa/cashing_out_on_bovada/j3rdh5m/', 'Download a private wallet as well like TrustWallet. Send your bovada winnjngs to trust wallet via the lowest fee crypto (LiteCoin when was their lowest last week). Then trust to CoinBase for a final cash out\n\nCoinBase will ban you if you do a direct Bovada to CoinBase pull. BOL', '108ahsa']]], ['u/chowbungaman', 'Satoshi’s comments on privacy and anonymity', 62, '2023-01-10 16:37', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/', 'Hey Monero Fam, Doug from Monero Talk here. Looking for some help with finding info. I’m doing a Spaces / Monero Talk with a big BSV guy tomorrow where I want to point to all the places where we see Satoshi’s opinion (directly or indirectly) on the need for privacy, anonymity, and fungibility in Bitcoin. If anyone has such links on-hand please post them or if there is already a thread/resource that covers this thoroughly please direct me. For example, Satoshi’s Bitcoin Forum post where he effectively considers the concept of using ring signatures and stealth addresses to fix BTC privacy. Please post the link, and where else do we see privacy/anonymity issues considered by Satoshi? \n\nI’m Realizing I need to start posting more on Reddit again. I rarely hang out here anymore. Sunita just posts updates regarding our shows and I’m primarily on Twitter and telegram chats etc. While I have your attention, please grab your MoneroTopia.com Conf tickets asap if you will be attending and email us at [email protected] if you want be Speaker, Sponsor, have a table, or participate in any other way (ie volunteer, DJ, perform, whatever). It’s coming together nicely in conjunction with Monero reaching new all time highs in terms of adoption! 🤞', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/', '108cqzk', [['u/ACK-J-Github', 13, '2023-01-10 16:54', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/j3rfr5i/', 'Good to have you back on the subreddit.\n\nI think this is what you’re looking for https://twitter.com/marcusoar/status/1530655442732568576', '108cqzk'], ['u/ACK-J-Github', 13, '2023-01-10 16:55', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/j3rg0xx/', 'Also halfin talking about trying to make bitcoin more anonymous\n\nhttps://twitter.com/halfin/status/1136749815', '108cqzk'], ['u/Vikebeer', 17, '2023-01-10 19:19', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/j3s3krj/', 'You might want to include Hals comments about working with satoshi on increasing base layer anonymity as well. ;)', '108cqzk'], ['u/Gonbatfire', 19, '2023-01-10 19:21', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/j3s3xfl/', 'Satoshi advising to use TOR to maintain anonymity: https://bitcointalk.org/index.php?topic=13.msg46#msg46 \n\n\nHe also added proxy support for use with TOR to [Bitcoin 0.2](https://bitcointalk.org/index.php?topic=16.msg73#msg73)', '108cqzk'], ['u/Gonbatfire', 11, '2023-01-10 19:27', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/j3s4y2i/', 'Satoshi mentioning plans to add better encryption in response to a suggestion that mentions authoritarian countries.\n\n>(Quoting from madhatter) "Use some sort of encryption during the handshake to obfuscate what the software is during DPI (deep packet inspection). *I am really thinking about people in non-free (as in freedom) countries such as China/Iran."* \n> \n>**Satoshi:** I have thought about eventually SSLing all the connections. I assume anything short of SSL would be pointless against DPI. Maybe a better more immediate solution is to connect through TOR, which will be possible with 0.2.\n\n[https://bitcointalk.org/index.php?topic=12.msg41#msg41](https://bitcointalk.org/index.php?topic=12.msg41#msg41)', '108cqzk'], ['u/Rucknium', 11, '2023-01-10 19:56', 'https://www.reddit.com/r/Monero/comments/108cqzk/satoshis_comments_on_privacy_and_anonymity/j3s9qlj/', 'There is a short privacy section in the Bitcoin white paper.', '108cqzk']]], ['u/STP_VEGAS', 'Running LTC node', 73, '2023-01-10 18:33', 'https://www.reddit.com/r/litecoin/comments/108fmg7/running_ltc_node/', 'How many of you run an LTC node? Mine LTC? Hold LTC just to HODL? Would like to have a bitcoin/litecoin circular economy?', 'https://www.reddit.com/r/litecoin/comments/108fmg7/running_ltc_node/', '108fmg7', [['u/plantdatrees', 11, '2023-01-10 18:40', 'https://www.reddit.com/r/litecoin/comments/108fmg7/running_ltc_node/j3rx4k4/', 'I run a node on ole reliable. Don’t get any money from it but feel better doing my bit', '108fmg7'], ['u/LittleCluck', 11, '2023-01-10 19:42', 'https://www.reddit.com/r/litecoin/comments/108fmg7/running_ltc_node/j3s7fls/', 'I run a node', '108fmg7']]], ['u/Kamikaza731', 'Cosmos IBC(Inter-blockchain communication) how close is to reaching interpretability with other chains', 29, '2023-01-10 19:21', 'https://www.reddit.com/r/CryptoCurrency/comments/108gtgo/cosmos_ibcinterblockchain_communication_how_close/', 'Hello everyone! Cosmos is sometimes mention on this sub but I think it isn\'t mentioned enough. How far had IBC evolved and will we see IBC widely used? None of what I write now is not my work I am just sharing incredible news of cosmos development.\n\n**IBC** is protocol native to Cosmos ecosystem. It is used as a trustless bridge that is used for assets transfer between chains. Trustless bridge means that bridge is decentralized and not controlled by any third party. They rely on smart contracts and algorithms to operate. They are trustless, so the bridge’s security is the same as the underlying blockchain.\n\nIBC is currently used to transfer assets but very soon there will be a possibility to transfer nfts, and usage of interchain accounts will be available (ICS-20 , ICS-721, ICS-27).\n\nIn order to implement IBC to be implemented other blockchains need a light client and sometimes it needs to be written in different coding language since ibc is writen in golang. Currently there is ibc-solidity and ibc-rust.\n\n# POLKADOT\n\nOn **polkadot Composable Finance** team using Centurai( first IBC-Substrate bridge built on Picasso) will be used to connect Cosmos and Picasso parachain. Useing Centurai Composible will also try to connect Near. In addition to bridging Centauri to NEAR they demonstrated at Cosmoverse 2022 that with IBC they can make:\n\n1. First trustless **Polkadot <> Kusama** bridge\n2. **Parachain <> Parachain** communication via IBC\n3. Bridge **DotSama <> Cosmos**\n\nBrainjar, the Founder and CEO of Composable Finance, said that the first use case for Centauri will be the first trustless Kusama <> Polkadot bridge.\n\nOn 16. August 2022. there has been made on test net **Cosmos<>Harmony** bridge. There hasn\'t been any news since than (none that I found) but something like IBC could pull Harmony out of the hole since there was an exploit on their bridge.\n\n# ETHEREUM\n\n**Ethereum** has recently been upgraded from PoW to PoS. Given the fact ETH is PoS ethereum can now have *light clients.* However the verification cost on Ethereum is one of the most significant problems connecting to those blockchains through IBC. Also there is a problem when trying to implement multiple light clients on chains with high cost verification chains as you would need to develop multiple light clients for different blockchains connections. First solution to this problem is . ***LCP (Light Client Proxy)*** is one of the examples to solve this problem. LCP is a proxy middleware for light client verification. It adopts a Proxy Method that performs light client verification on behalf of a verifying chain and verifies its validity on the verifying chain. Someone feels it would add trust to the proxy system, but this is achieved by TEE (Trusted Execution Environment) to perform Light Client verification in the enclave, so it’s still a trust-minimized way of interoperability. The secound idea is Zero Knowledge The central concept of **ZK-IBC** is that it constructs a zk-proof of Ed25519 signature validity and verifies the proof on EVM chains to reduce the verification cost. Both Electron Labs and Polymer Labs are working on ZK-IBC. It’s still in the PoC phase, and there are some practical issues, such as proving cost and the trade-off between verification cost and latency, but it will possibly be a breakthrough in the future.\n\n# SOLONA\n\n**Nitro** will be a first **Solona VM** which will function as a L2 with features from Seinami( Cosmos chain). So it will be a Solona virtual matchine which will have options as IBC, interchain accounts and Solo...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy.\nOf course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover,Bitcoin(BTC-USD) will halve its mining rewards sometime in Q1 2024. As most cryptos correlate with BTC, this halving will likely start another crypto bull run next year, continuing the historical trend.\nTherefore, let’s’ dive into the following seven cryptos to buy, as they can benefit heavily from Bitcoin’s halving. I highly recommend doing your own research into these tokens, as many of them are small-cap projects.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"BTC-USD": "ETH-USD", "Bitcoin": "Ethereum", "$17,206.31": "$1,324.20"}, {"BTC-USD": "LTC-USD", "Bitcoin": "Litecoin", "$17,206.31": "$81.13"}, {"BTC-USD": "STORJ-USD", "Bitcoin": "Storj", "$17,206.31": "$0.2783"}, {"BTC-USD": "TERA-USD", "Bitcoin": "Terareum", "$17,206.31": "$0.00000000028"}, {"BTC-USD": "KLX-USD", "Bitcoin": "Kalima", "$17,206.31": "$0.00025"}, {"BTC-USD": "LRC-USD", "Bitcoin": "Loopring", "$17,206.31": "$0.2217"}]\nSource: Sittipong Phokawattana / Shutterstock.com\nUnsurprisingly, Bitcoin will be the biggest beneficiary of the halving. The standard deviation of BTC is lower than almost every other cryptocurrency, excluding stablecoins. Thus, if you are looking for the safest cryptos to buy, Bitcoin should always be your go-to project due to its evergreen status.\nI’d even say it is the only crypto project worth dollar-cost averaging into, as positive returns are very likely if you choose to hold for many years. It is a tried and tested asset with a solid reputation and won’t disappoint in the long run. I cannot say the same for any other asset in this article.\nIn the current environment, BTC is by far your best bet. There are no guarantees that the crypto market is at a bottom, and Standard Chartered analystsforecastBitcoin could go as low as $5,000 this year. The scarier part of this scenario is that more cyclical altcoins will be hit much harder.\nConversely, the economy remains healthy, with the recentjobs reportindicating a robust labor market. If the Fed does a U-turn in late 2023 or early 2024 and the Bitcoin halving occurs within the expected time, BTC is likely to surge. Thus, it remains the best among the cryptos to buy.\nSource: viktoryabov / Shutterstock.com\nEthereum(ETH-USD) is the second-largest cryptocurrency by market cap and should be your second option if you are looking for safer cryptos to buy. Although ETH is more volatile than BTC, it is an established project that has survived multiple crypto market cycles and outperformed Bitcoin of late.\nThe project is at the forefront of Web3 and blockchain development, leading the development of smart contract-based applications such as non-fungible tokens. A significant number of NFTs and Web3 projects are also being developed on the Ethereum blockchain. However, the most considerable advantage of Ethereum is that thousands of crypto projects rely on the blockchain and need ETH for gas fees. There are744,000 ERC20 tokenson the network, generating significant demand for Ethereum.\nFurthermore, the network’s switch to a proof-of-stake (PoS) consensusreducedETH issuance by 88%. In the next crypto market rally, increased ETH demand and reduced issuance will likely make Ethereum trade at a much higher valuation.\nSticking with Bitcoin and Ethereum will give you a balanced risk-reward ratio. Thus, I recommend you venture into other cryptos only if you seek outsized returns with little regard for risk.\nSource: Shutterstock\nMuch like Bitcoin,Litecoin(LTC-USD) is a proof-of-work (PoW) blockchain that undergoes a halving event. The next halving event for Litecoin will occur in August this year and cut mining rewards to 6.25 LTC from 12.5. That should significantly increase the value of this cryptocurrency, as it is among the most popular blockchains for miners after Ethereum shifted to a PoS consensus.\nFurthermore, while many thought of Litecoin as an old and irrelevant project, its recentMimbleWimble upgradeadded much-needed utility and is bringing it back to relevancy. Litecoin users can now transact with the same degree of anonymity that many privacy coins such asMonero(XMR-USD) promise, but with Litecoin’s block time of just2.5 minutes.\nI believe LTC is at compelling levels and is bottoming out. It has gained 61%-plus from its trough last year, and I expect these gains to accelerate as it gets closer to halving. Next year, Bitcoin’s halving will be the icing on the cake for this project.\nSource: storj.io\nI’ve discussedFilecoin(FIL-USD) a considerable amount of times in my recent articles, andStorj(STORJ-USD) is similar to that project. The main difference between the two is that Storj maintains a central authority, while Filecoin is peer-to-peer. I believe both will be significant beneficiaries of the burgeoning cloud computing and storage industry, especially once decentralized storage becomes more mainstream.\nBlockchain storage is also cheaper than centralized counterparts that run data servers and has no censorship. On top of that, since the blockchain isn’t a single server, the uptime and resiliency of these cloud storage platforms are remarkably high. These factors combined will make blockchain cloud storage projects highly-compelling to end users in the long-run.\nOf course, I only recommend small caps like Storj if your risk profile is aggressive. Sticking with more established projects such as Filecoin is a much better idea for long-term investing.\nSource: Yev_1234 / Shutterstock\nTerareum(TERA-USD) is a centralized crypto exchange, and TERA is the native token of the project. Although the token has taken a hit from the selloff last year due to its small market capitalization and the effects of the current crypto winter affecting all altcoins in addition to Bitcoin and Ethereum, Terareum is highly likely to deliver disproportionately high returns due to its leading utility that has successfully launched on December last year. The Terareum exchange, also known as “TERAREUM,” offers lots of features under one roof, including debit cards, spot trading, and utilities such as Margin, Futures, and Staking capabilities. I recommend further researching the project on itswebsitedue to its complexity.\nIn addition, Terareum also has a cryptocurrency launchpad called Terapool. The launchpad raises liquidity for other crypto projects with much lower interest rates. Thus, the demand for this token will likely increase in the next cycle, due to new crypto projects and higher user influx into the Terareum exchange. The release in Quarter 3 of 2023 of an indigenous Layer 1 – Terareum Blockchain based on the PoS concept could also compel large institutional investors.\nFinally, there’s also Terapay which enables users to utilize fiat and crypto transactions as a mode of payment for goods using a single platform at many vendors and merchants for online costs. The payment gateway is adopted worldwide and could become a game-changer in the cryptocurrency & Web3 space.\nSource: Michal Bednarek / Shutterstock\nKalima(KLX-USD) piqued my interest because of the functionality the project aims to provide. On itswebsite, it states that Kalima is a Layer 1 blockchain for enterprises and IoT (Internet of Things). This is a network of blockchains offering quick transactions and limitless scalability.\nKalima’s full client nodes can be embedded not only on small IoT devices but also on supercomputers. This includes mobile and web clients, allowing for transactions to be managed with a latency of less than one second. Kalima smart contracts can also be executed on the client side, opening a new world of edge-computing and blockchain technology possibilities.\nIts token, KLX, secures the whole Kalima network, enabling the payment of transaction fees, staking, data governance, the acquisition of nodes for PrivaChains, and numerous essential other Kalima Network key functionalities. The Kalima Blockchain allows developers to have complete control of their dApps using standard languages and tools, their governance and business models. Project developers have implemented these features successfully, and I anticipate significant growth for its KLX token.\nFinally,Enedis(OTCMKTS:ECIFY),ArcelorMittal(NYSE:MT),Tenneco, andSpieare using Kalima’s technology. That’s quite a big plus when it comes to crypto, as only a few projects offer real-world utility. KLX will be listed on the 2nd of February on Bitmart.\nSource: Vladimir Kazakov / Shutterstock.com\nLoopring(LRC-USD) is among the most cyclical cryptos to buy. The primary purpose of this project is to supplement the Ethereum blockchain’s scalability throughzkRollups. Of course, this means that the project’s objective becomes redundant when the Ethereum blockchain receives less traffic. Likewise, the opposite is true when the Ethereum network is congested during a crypto bull cycle.\nTherefore, buying LRC at the trough before Bitcoin’s halving is an excellent idea. When the Ethereum blockchain becomes congested again, Loopring will offer disproportionately higher returns than the rest of the market.\nOn Low-Capitalization and Low-Volume Cryptocurrencies:\xa0InvestorPlace\xa0does not regularly publish commentary about cryptocurrencies that have a market capitalization of less than $100 million or trade with a volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on low-volume crypto that may be affected by our commentary, we ask that\xa0InvestorPlace.com’s writers disclose this fact and warn readers of the risks.\nRead More:How to Avoid Popular Cryptocurrency Scams\nOn the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is also an active contributor to a variety of finance and crypto-related websites. He has a strong background in economics and finance and is a self taught investor. You can follow him onLinkedIn.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe postThe Top 7 Cryptos to Buy Before the Next Bitcoin Halvingappeared first onInvestorPlace.', 'As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy. Of course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover, Bitcoin ( BTC-USD ) will halve its mining rewards sometime in Q1 2024. As most cryptos correlate with BTC, this halving will likely start another crypto bull run next year, continuing the historical trend. Therefore, let’s’ dive into the following seven cryptos to buy, as they can benefit heavily from Bitcoin’s halving. I highly recommend doing your own research into these tokens, as many of them are small-cap projects. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BTC-USD Bitcoin $17,206.31 ETH-USD Ethereum $1,324.20 LTC-USD Litecoin $81.13 STORJ-USD Storj $0.2783 TERA-USD Terareum $0.00000000028 KLX-USD Kalima $0.00025 LRC-USD Loopring $0.2217 Bitcoin (BTC-USD) Up trend Technical graph of Bitcoin (BTC-USD) in futuristic concept, BITI ETF is a Bitcoin short fund for investors betting against Bitcoin. Source: Sittipong Phokawattana / Shutterstock.com Unsurprisingly, Bitcoin will be the biggest beneficiary of the halving. The standard deviation of BTC is lower than almost every other cryptocurrency, excluding stablecoins. Thus, if you are looking for the safest cryptos to buy, Bitcoin should always be your go-to project due to its evergreen status. I’d even say it is the only crypto project worth dollar-cost averaging into, as positive returns are very likely if you choose to hold for many years. It is a tried and tested asset with a solid reputation and won’t disappoint in the long run. I cannot say the same for any other asset in this article. In the current environment, BTC is by far your best bet. There are no guarantees that the crypto market is at a bottom, and Standard Chartered analysts forecast Bitcoin could go as low as $5,000 this year. The scarier part of this scenario is that more cyclical altcoins will be hit much harder. Story continues Conversely, the economy remains healthy, with the recent jobs report indicating a robust labor market. If the Fed does a U-turn in late 2023 or early 2024 and the Bitcoin halving occurs within the expected time, BTC is likely to surge. Thus, it remains the best among the cryptos to buy. Ethereum (ETH-USD) Crypto currency etherium. ethereum coin on exchange charts. e-currency Ethereum. Ethereum price predictions Source: viktoryabov / Shutterstock.com Ethereum ( ETH-USD ) is the second-largest cryptocurrency by market cap and should be your second option if you are looking for safer cryptos to buy. Although ETH is more volatile than BTC, it is an established project that has survived multiple crypto market cycles and outperformed Bitcoin of late. The project is at the forefront of Web3 and blockchain development, leading the development of smart contract-based applications such as non-fungible tokens. A significant number of NFTs and Web3 projects are also being developed on the Ethereum blockchain. However, the most considerable advantage of Ethereum is that thousands of crypto projects rely on the blockchain and need ETH for gas fees. There are 744,000 ERC20 tokens on the network, generating significant demand for Ethereum. Furthermore, the network’s switch to a proof-of-stake (PoS) consensus reduced ETH issuance by 88%. In the next crypto market rally, increased ETH demand and reduced issuance will likely make Ethereum trade at a much higher valuation. Sticking with Bitcoin and Ethereum will give you a balanced risk-reward ratio. Thus, I recommend you venture into other cryptos only if you seek outsized returns with little regard for risk. Litecoin (LTC-USD) Silver Litecoin coin facing forward on a pile of litecoins Source: Shutterstock Much like Bitcoin, Litecoin ( LTC-USD ) is a proof-of-work (PoW) blockchain that undergoes a halving event. The next halving event for Litecoin will occur in August this year and cut mining rewards to 6.25 LTC from 12.5. That should significantly increase the value of this cryptocurrency, as it is among the most popular blockchains for miners after Ethereum shifted to a PoS consensus. Furthermore, while many thought of Litecoin as an old and irrelevant project, its recent MimbleWimble upgrade added much-needed utility and is bringing it back to relevancy. Litecoin users can now transact with the same degree of anonymity that many privacy coins such as Monero ( XMR-USD ) promise, but with Litecoin’s block time of just 2.5 minutes . I believe LTC is at compelling levels and is bottoming out. It has gained 61%-plus from its trough last year, and I expect these gains to accelerate as it gets closer to halving. Next year, Bitcoin’s halving will be the icing on the cake for this project. Storj (STORJ-USD) Storj Logo Source: storj.io I’ve discussed Filecoin ( FIL-USD ) a considerable amount of times in my recent articles, and Storj ( STORJ-USD ) is similar to that project. The main difference between the two is that Storj maintains a central authority, while Filecoin is peer-to-peer. I believe both will be significant beneficiaries of the burgeoning cloud computing and storage industry, especially once decentralized storage becomes more mainstream. Blockchain storage is also cheaper than centralized counterparts that run data servers and has no censorship. On top of that, since the blockchain isn’t a single server, the uptime and resiliency of these cloud storage platforms are remarkably high. These factors combined will make blockchain cloud storage projects highly-compelling to end users in the long-run. Of course, I only recommend small caps like Storj if your risk profile is aggressive. Sticking with more established projects such as Filecoin is a much better idea for long-term investing. Terareum (TERA-USD) An image of a miner with a pickaxe mining digital coins, computer code and various numbers are overlaid on the image Source: Yev_1234 / Shutterstock Terareum ( TERA-USD ) is a centralized crypto exchange, and TERA is the native token of the project. Although the token has taken a hit from the selloff last year due to its small market capitalization and the effects of the current crypto winter affecting all altcoins in addition to Bitcoin and Ethereum, Terareum is highly likely to deliver disproportionately high returns due to its leading utility that has successfully launched on December last year. The Terareum exchange, also known as “TERAREUM,” offers lots of features under one roof, including debit cards, spot trading, and utilities such as Margin, Futures, and Staking capabilities. I recommend further researching the project on its website due to its complexity. In addition, Terareum also has a cryptocurrency launchpad called Terapool. The launchpad raises liquidity for other crypto projects with much lower interest rates. Thus, the demand for this token will likely increase in the next cycle, due to new crypto projects and higher user influx into the Terareum exchange. The release in Quarter 3 of 2023 of an indigenous Layer 1 – Terareum Blockchain based on the PoS concept could also compel large institutional investors. Finally, there’s also Terapay which enables users to utilize fiat and crypto transactions as a mode of payment for goods using a single platform at many vendors and merchants for online costs. The payment gateway is adopted worldwide and could become a game-changer in the cryptocurrency & Web3 space. Kalima.io (KLX-USD) Bitcoin mining operation. Bitcoin mining farm. GREE stock. Source: Michal Bednarek / Shutterstock Kalima ( KLX-USD ) piqued my interest because of the functionality the project aims to provide. On its website , it states that Kalima is a Layer 1 blockchain for enterprises and IoT (Internet of Things). This is a network of blockchains offering quick transactions and limitless scalability. Kalima’s full client nodes can be embedded not only on small IoT devices but also on supercomputers. This includes mobile and web clients, allowing for transactions to be managed with a latency of less than one second. Kalima smart contracts can also be executed on the client side, opening a new world of edge-computing and blockchain technology possibilities. Its token, KLX, secures the whole Kalima network, enabling the payment of transaction fees, staking, data governance, the acquisition of nodes for PrivaChains, and numerous essential other Kalima Network key functionalities. The Kalima Blockchain allows developers to have complete control of their dApps using standard languages and tools, their governance and business models. Project developers have implemented these features successfully, and I anticipate significant growth for its KLX token. Finally, Enedis (OTCMKTS: ECIFY ), ArcelorMittal (NYSE: MT ), Tenneco , and Spie are using Kalima’s technology. That’s quite a big plus when it comes to crypto, as only a few projects offer real-world utility. KLX will be listed on the 2nd of February on Bitmart. Loopring (LRC-USD) Loopring LRC token symbol of the DeFi system shining in the rays of light. Source: Vladimir Kazakov / Shutterstock.com Loopring ( LRC-USD ) is among the most cyclical cryptos to buy. The primary purpose of this project is to supplement the Ethereum blockchain’s scalability through zkRollups . Of course, this means that the project’s objective becomes redundant when the Ethereum blockchain receives less traffic. Likewise, the opposite is true when the Ethereum network is congested during a crypto bull cycle. Therefore, buying LRC at the trough before Bitcoin’s halving is an excellent idea. When the Ethereum blockchain becomes congested again, Loopring will offer disproportionately higher returns than the rest of the market. On Low-Capitalization and Low-Volume Cryptocurrencies :\xa0InvestorPlace\xa0does not regularly publish commentary about cryptocurrencies that have a market capitalization of less than $100 million or trade with a volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on low-volume crypto that may be affected by our commentary, we ask that\xa0InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: How to Avoid Popular Cryptocurrency Scams On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Omor Ibne Ehsan is a writer at InvestorPlace. He is also an active contributor to a variety of finance and crypto-related websites. He has a strong background in economics and finance and is a self taught investor. You can follow him on LinkedIn . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post The Top 7 Cryptos to Buy Before the Next Bitcoin Halving appeared first on InvestorPlace .', 'As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy.\nOf course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover,Bitcoin(BTC-USD) will halve its mining rewards sometime in Q1 2024. As most cryptos correlate with BTC, this halving will likely start another crypto bull run next year, continuing the historical trend.\nTherefore, let’s’ dive into the following seven cryptos to buy, as they can benefit heavily from Bitcoin’s halving. I highly recommend doing your own research into these tokens, as many of them are small-cap projects.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"BTC-USD": "ETH-USD", "Bitcoin": "Ethereum", "$17,206.31": "$1,324.20"}, {"BTC-USD": "LTC-USD", "Bitcoin": "Litecoin", "$17,206.31": "$81.13"}, {"BTC-USD": "STORJ-USD", "Bitcoin": "Storj", "$17,206.31": "$0.2783"}, {"BTC-USD": "TERA-USD", "Bitcoin": "Terareum", "$17,206.31": "$0.00000000028"}, {"BTC-USD": "KLX-USD", "Bitcoin": "Kalima", "$17,206.31": "$0.00025"}, {"BTC-USD": "LRC-USD", "Bitcoin": "Loopring", "$17,206.31": "$0.2217"}]\nSource: Sittipong Phokawattana / Shutterstock.com\nUnsurprisingly, Bitcoin will be the biggest beneficiary of the halving. The standard deviation of BTC is lower than almost every other cryptocurrency, excluding stablecoins. Thus, if you are looking for the safest cryptos to buy, Bitcoin should always be your go-to project due to its evergreen status.\nI’d even say it is the only crypto project worth dollar-cost averaging into, as positive returns are very likely if you choose to hold for many years. It is a tried and tested asset with a solid reputation and won’t disappoint in the long run. I cannot say the same for any other asset in this article.\nIn the current environment, BTC is by far your best bet. There are no guarantees that the crypto market is at a bottom, and Standard Chartered analystsforecastBitcoin could go as low as $5,000 this year. The scarier part of this scenario is that more cyclical altcoins will be hit much harder.\nConversely, the economy remains healthy, with the recentjobs reportindicating a robust labor market. If the Fed does a U-turn in late 2023 or early 2024 and the Bitcoin halving occurs within the expected time, BTC is likely to surge. Thus, it remains the best among the cryptos to buy.\nSource: viktoryabov / Shutterstock.com\nEthereum(ETH-USD) is the second-largest cryptocurrency by market cap and should be your second option if you are looking for safer cryptos to buy. Although ETH is more volatile than BTC, it is an established project that has survived multiple crypto market cycles and outperformed Bitcoin of late.\nThe project is at the forefront of Web3 and blockchain development, leading the development of smart contract-based applications such as non-fungible tokens. A significant number of NFTs and Web3 projects are also being developed on the Ethereum blockchain. However, the most considerable advantage of Ethereum is that thousands of crypto projects rely on the blockchain and need ETH for gas fees. There are744,000 ERC20 tokenson the network, generating significant demand for Ethereum.\nFurthermore, the network’s switch to a proof-of-stake (PoS) consensusreducedETH issuance by 88%. In the next crypto market rally, increased ETH demand and reduced issuance will likely make Ethereum trade at a much higher valuation.\nSticking with Bitcoin and Ethereum will give you a balanced risk-reward ratio. Thus, I recommend you venture into other cryptos only if you seek outsized returns with little regard for risk.\nSource: Shutterstock\nMuch like Bitcoin,Litecoin(LTC-USD) is a proof-of-work (PoW) blockchain that undergoes a halving event. The next halving event for Litecoin will occur in August this year and cut mining rewards to 6.25 LTC from 12.5. That should significantly increase the value of this cryptocurrency, as it is among the most popular blockchains for miners after Ethereum shifted to a PoS consensus.\nFurthermore, while many thought of Litecoin as an old and irrelevant project, its recentMimbleWimble upgradeadded much-needed utility and is bringing it back to relevancy. Litecoin users can now transact with the same degree of anonymity that many privacy coins such asMonero(XMR-USD) promise, but with Litecoin’s block time of just2.5 minutes.\nI believe LTC is at compelling levels and is bottoming out. It has gained 61%-plus from its trough last year, and I expect these gains to accelerate as it gets closer to halving. Next year, Bitcoin’s halving will be the icing on the cake for this project.\nSource: storj.io\nI’ve discussedFilecoin(FIL-USD) a considerable amount of times in my recent articles, andStorj(STORJ-USD) is similar to that project. The main difference between the two is that Storj maintains a central authority, while Filecoin is peer-to-peer. I believe both will be significant beneficiaries of the burgeoning cloud computing and storage industry, especially once decentralized storage becomes more mainstream.\nBlockchain storage is also cheaper than centralized counterparts that run data servers and has no censorship. On top of that, since the blockchain isn’t a single server, the uptime and resiliency of these cloud storage platforms are remarkably high. These factors combined will make blockchain cloud storage projects highly-compelling to end users in the long-run.\nOf course, I only recommend small caps like Storj if your risk profile is aggressive. Sticking with more established projects such as Filecoin is a much better idea for long-term investing.\nSource: Yev_1234 / Shutterstock\nTerareum(TERA-USD) is a centralized crypto exchange, and TERA is the native token of the project. Although the token has taken a hit from the selloff last year due to its small market capitalization and the effects of the current crypto winter affecting all altcoins in addition to Bitcoin and Ethereum, Terareum is highly likely to deliver disproportionately high returns due to its leading utility that has successfully launched on December last year. The Terareum exchange, also known as “TERAREUM,” offers lots of features under one roof, including debit cards, spot trading, and utilities such as Margin, Futures, and Staking capabilities. I recommend further researching the project on itswebsitedue to its complexity.\nIn addition, Terareum also has a cryptocurrency launchpad called Terapool. The launchpad raises liquidity for other crypto projects with much lower interest rates. Thus, the demand for this token will likely increase in the next cycle, due to new crypto projects and higher user influx into the Terareum exchange. The release in Quarter 3 of 2023 of an indigenous Layer 1 – Terareum Blockchain based on the PoS concept could also compel large institutional investors.\nFinally, there’s also Terapay which enables users to utilize fiat and crypto transactions as a mode of payment for goods using a single platform at many vendors and merchants for online costs. The payment gateway is adopted worldwide and could become a game-changer in the cryptocurrency & Web3 space.\nSource: Michal Bednarek / Shutterstock\nKalima(KLX-USD) piqued my interest because of the functionality the project aims to provide. On itswebsite, it states that Kalima is a Layer 1 blockchain for enterprises and IoT (Internet of Things). This is a network of blockchains offering quick transactions and limitless scalability.\nKalima’s full client nodes can be embedded not only on small IoT devices but also on supercomputers. This includes mobile and web clients, allowing for transactions to be managed with a latency of less than one second. Kalima smart contracts can also be executed on the client side, opening a new world of edge-computing and blockchain technology possibilities.\nIts token, KLX, secures the whole Kalima network, enabling the payment of transaction fees, staking, data governance, the acquisition of nodes for PrivaChains, and numerous essential other Kalima Network key functionalities. The Kalima Blockchain allows developers to have complete control of their dApps using standard languages and tools, their governance and business models. Project developers have implemented these features successfully, and I anticipate significant growth for its KLX token.\nFinally,Enedis(OTCMKTS:ECIFY),ArcelorMittal(NYSE:MT),Tenneco, andSpieare using Kalima’s technology. That’s quite a big plus when it comes to crypto, as only a few projects offer real-world utility. KLX will be listed on the 2nd of February on Bitmart.\nSource: Vladimir Kazakov / Shutterstock.com\nLoopring(LRC-USD) is among the most cyclical cryptos to buy. The primary purpose of this project is to supplement the Ethereum blockchain’s scalability throughzkRollups. Of course, this means that the project’s objective becomes redundant when the Ethereum blockchain receives less traffic. Likewise, the opposite is true when the Ethereum network is congested during a crypto bull cycle.\nTherefore, buying LRC at the trough before Bitcoin’s halving is an excellent idea. When the Ethereum blockchain becomes congested again, Loopring will offer disproportionately higher returns than the rest of the market.\nOn Low-Capitalization and Low-Volume Cryptocurrencies:\xa0InvestorPlace\xa0does not regularly publish commentary about cryptocurrencies that have a market capitalization of less than $100 million or trade with a volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on low-volume crypto that may be affected by our commentary, we ask that\xa0InvestorPlace.com’s writers disclose this fact and warn readers of the risks.\nRead More:How to Avoid Popular Cryptocurrency Scams\nOn the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOmor Ibne Ehsan is a writer at InvestorPlace. He is also an active contributor to a variety of finance and crypto-related websites. He has a strong background in economics and finance and is a self taught investor. You can follow him onLinkedIn.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe postThe Top 7 Cryptos to Buy Before the Next Bitcoin Halvingappeared first onInvestorPlace.', 'Bitcoin and Ether prices rose in Wednesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing a strong start to the year on signs inflation is slowing in the U.S. Leading memecoin Dogecoin saw the biggest daily gains, while Cardano led the pack for the week. Litecoin and Solana were the only losers on the list.\nSee related article:Coinbase to cut 20% of its remaining workforce\n• Bitcoin rose 1.5% to US$17,452 in the 24 hours to 8 a.m. in Hong Kong, a 4.6% increase over the past calendar week. Ether gained 1.2% to US$1,336, a 10% weekly rise,according to CoinMarketCap.\n• Dogecoin rose 2.6% to US$0.07, bringing its weekly gains to 10.3%. Copycat meme token Shiba Inu token, which sits just outside CoinMarketCap’s top 10 list by capitalization, gained 6.5% to US$0.000009247, for a weekly rise of 13.6%.\n• Cardano added 1.7% to US$0.32, a rise of 27.6% over the past week — the largest of any major token. Cardano has been on a price run since it made it into the top 10 most used cryptocurrencies for payments for the first time last year, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• BNB rose 1.7% to US$277.34 for a seven-day gain of 12.7%. This is a rebound from losses after reports emerged the U.S. Justice Department was amping up its probe into BNB’s issuer and world’s largest cryptocurrency exchange, Binance Global.\n• The total crypto market capitalization rose 1.1% to US$857.9 billion, while trading volume fell 26.2% to US$35.43 billion.\n• U.S. equities rose on Tuesday. The Dow Jones Industrial Average gained 0.6%, the S&P 500 Index closed up 0.7% and the Nasdaq Composite Index finished the day 1% higher.\xa0 Beaten-down technology stocks have made up ground since the start of 2023 on the view by some investors inflation has peaked.\n• Speaking at an event hosted by Sweden’s central bank, the Sveriges Riksbank, on Tuesday, U.S.Federal Reserve chair Jerome Powell saidhe remains committed to bringing down inflation, even if that requires taking measures that are not considered popular.\n• “Price stability is the bedrock of a healthy economy and provides the public with immeasurable benefits over time. But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy,” Powell said in his first public appearance of the year.\n• The Fed raised interest rates over the past year to curb inflation, but this has also driven stock indices lower and raised concerns of a recession. The December U.S. Consumer Price Index (CPI), a key measure of inflation, is released on Thursday and should provide further pointers on future Fed policy.\n• The last reading of CPI data showed inflation up 7.1% year-on-year in November, a decline from October’s 7.7% and 8.2% in September.\n• Inflation in Japan was at 4% in December from a year earlieraccording to CPI data released Tuesday, higher than the expected 3.8% and above the Bank of Japan’s 2% target for a seventh straight month.\nSee related article:Microsoft mulls US$10 bln investment in ChatGPT’s OpenAI', 'Bitcoin and Ether prices rose in Wednesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing a strong start to the year on signs inflation is slowing in the U.S. Leading memecoin Dogecoin saw the biggest daily gains, while Cardano led the pack for the week. Litecoin and Solana were the only losers on the list. See related article: Coinbase to cut 20% of its remaining workforce Fast facts Bitcoin rose 1.5% to US$17,452 in the 24 hours to 8 a.m. in Hong Kong, a 4.6% increase over the past calendar week. Ether gained 1.2% to US$1,336, a 10% weekly rise, according to CoinMarketCap . Dogecoin rose 2.6% to US$0.07, bringing its weekly gains to 10.3%. Copycat meme token Shiba Inu token, which sits just outside CoinMarketCap’s top 10 list by capitalization, gained 6.5% to US$0.000009247, for a weekly rise of 13.6%. Cardano added 1.7% to US$0.32, a rise of 27.6% over the past week — the largest of any major token. Cardano has been on a price run since it made it into the top 10 most used cryptocurrencies for payments for the first time last year, according to a Jan. 4 report by Lithuanian cryptocurrency payments processor CoinGate . BNB rose 1.7% to US$277.34 for a seven-day gain of 12.7%. This is a rebound from losses after reports emerged the U.S. Justice Department was amping up its probe into BNB’s issuer and world’s largest cryptocurrency exchange, Binance Global. The total crypto market capitalization rose 1.1% to US$857.9 billion, while trading volume fell 26.2% to US$35.43 billion. U.S. equities rose on Tuesday. The Dow Jones Industrial Average gained 0.6%, the S&P 500 Index closed up 0.7% and the Nasdaq Composite Index finished the day 1% higher.\xa0 Beaten-down technology stocks have made up ground since the start of 2023 on the view by some investors inflation has peaked. Speaking at an event hosted by Sweden’s central bank, the Sveriges Riksbank, on Tuesday, U.S. Federal Reserve chair Jerome Powell said he remains committed to bringing down inflation, even if that requires taking measures that are not considered popular. “Price stability is the bedrock of a healthy economy and provides the public with immeasurable benefits over time. But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy,” Powell said in his first public appearance of the year. The Fed raised interest rates over the past year to curb inflation, but this has also driven stock indices lower and raised concerns of a recession. The December U.S. Consumer Price Index (CPI), a key measure of inflation, is released on Thursday and should provide further pointers on future Fed policy. The last reading of CPI data showed inflation up 7.1% year-on-year in November, a decline from October’s 7.7% and 8.2% in September. Inflation in Japan was at 4% in December from a year earlier according to CPI data released Tuesday , higher than the expected 3.8% and above the Bank of Japan’s 2% target for a seventh straight month. See related article: Microsoft mulls US$10 bln investment in ChatGPT’s OpenAI', 'Bitcoin and Ether prices rose in Wednesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing a strong start to the year on signs inflation is slowing in the U.S. Leading memecoin Dogecoin saw the biggest daily gains, while Cardano led the pack for the week. Litecoin and Solana were the only losers on the list.\nSee related article:Coinbase to cut 20% of its remaining workforce\n• Bitcoin rose 1.5% to US$17,452 in the 24 hours to 8 a.m. in Hong Kong, a 4.6% increase over the past calendar week. Ether gained 1.2% to US$1,336, a 10% weekly rise,according to CoinMarketCap.\n• Dogecoin rose 2.6% to US$0.07, bringing its weekly gains to 10.3%. Copycat meme token Shiba Inu token, which sits just outside CoinMarketCap’s top 10 list by capitalization, gained 6.5% to US$0.000009247, for a weekly rise of 13.6%.\n• Cardano added 1.7% to US$0.32, a rise of 27.6% over the past week — the largest of any major token. Cardano has been on a price run since it made it into the top 10 most used cryptocurrencies for payments for the first time last year, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• BNB rose 1.7% to US$277.34 for a seven-day gain of 12.7%. This is a rebound from losses after reports emerged the U.S. Justice Department was amping up its probe into BNB’s issuer and world’s largest cryptocurrency exchange, Binance Global.\n• The total crypto market capitalization rose 1.1% to US$857.9 billion, while trading volume fell 26.2% to US$35.43 billion.\n• U.S. equities rose on Tuesday. The Dow Jones Industrial Average gained 0.6%, the S&P 500 Index closed up 0.7% and the Nasdaq Composite Index finished the day 1% higher.\xa0 Beaten-down technology stocks have made up ground since the start of 2023 on the view by some investors inflation has peaked.\n• Speaking at an event hosted by Sweden’s central bank, the Sveriges Riksbank, on Tuesday, U.S.Federal Reserve chair Jerome Powell saidhe remains committed to bringing down inflation, even if that requires taking measures that are not considered popular.\n• “Price stability is the bedrock of a healthy economy and provides the public with immeasurable benefits over time. But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy,” Powell said in his first public appearance of the year.\n• The Fed raised interest rates over the past year to curb inflation, but this has also driven stock indices lower and raised concerns of a recession. The December U.S. Consumer Price Index (CPI), a key measure of inflation, is released on Thursday and should provide further pointers on future Fed policy.\n• The last reading of CPI data showed inflation up 7.1% year-on-year in November, a decline from October’s 7.7% and 8.2% in September.\n• Inflation in Japan was at 4% in December from a year earlieraccording to CPI data released Tuesday, higher than the expected 3.8% and above the Bank of Japan’s 2% target for a seventh straight month.\nSee related article:Microsoft mulls US$10 bln investment in ChatGPT’s OpenAI', 'Good morning. Here’s what’s happening:\nPrices:As bitcoins nudges higher above $17,400, altcoins are surging and the so-called "Grayscale discount" is narrowing thanks to growing speculation over Digital Currency Group\'s finances.\nInsights:Indonesia’s government is launching a crypto exchange. But it’s not completely correct to think that it’s launching a competitor to Binance.\nCoinDesk Market Index (CMI)\n850.65\n+12.2▲1.5%\nBitcoin (BTC)\n$17,444\n+255.4▲1.5%\nEthereum (ETH)\n$1,336\n+14.5▲1.1%\nS&P 500 daily close\n3,919.25\n+27.2▲0.7%\nGold\n$1,881\n+8.6▲0.5%\nTreasury Yield 10 Years\n3.62%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin crosses above $17.4K, but Check Out GALA\nBy Bradley Keoun\nThe digital-asset analysis firm Arcane Research noted that bitcoin\'s gains are getting eclipsed as "market participants rotate into altcoins amidst a franticshort squeeze."\nMarkets analyst Glenn Williams Jr. wrote Tuesday that he\'s suddenly seeing an uptick in activity in a technical screen he uses toidentify cryptocurrencies with rising volatility. It\'s especially surprising given how missing volatility was for the previous few weeks, as chronicled in aweekly report Tuesday by Glassnode.\nThe drama surroundingDigital Currency Group(owner of CoinDesk) continues, and the speculation can be seen in the recent narrowing of the so-called "GBTC discount" to an eight-week low.\nIndonesia’s Government-Run Crypto Exchange Isn’t What You Think it Is\nBy CoinDesk Indonesia\'s Shenna Peter and CoinDesks\'s Sam Reynolds\nIndonesia’s government is launching a crypto exchange. But it’s not completely correct to think that it’s launching a competitor to Binance.\nWithin Indonesia, crypto exchanges like Binance are referred to as “Physical Traders of Crypto Assets” by the country’s Commodity Futures Trading Regulatory Agency, also known by its Indonesian acronym BAPPEBTI.\nBehind the scenes there are a number of other entities that are specific to the country that are similar to the infrastructure found in traditional finance.\nWhen authorities in Indonesia refer to "crypto exchange," it means something closer to a pricing reference index such as the NASDAQ composite.\nThis is one pillar in the trading infrastructure ecosystem, along side nationally regulated custodians -- remember: post-Mt. Gox national custodian rules are whyFTX Japan customers are whole-- and a futures clearing house.\nOn one hand, this is how crypto trading goes mainstream in Indonesia and becomes an institutional grade asset. Its only with regulations and infrastructure akin to TradFi that institutions can truly invest in the asset class.\nBut on the other hand, crypto does lose some of its appeal if it\'s as regulated and controlled as equities. There are possibilities that the government might implement things like trading hours (which would be tough to do for crypto) and restrictions on price movements.\nBAPPEBTI has yet to release a timeline as to when they expect this to be completed. The regulator says they are still working on building out this infrastructure, and is targeting a launch date sometime this year.\nThis entire system and infrastructure will be the first of its kind in the world. And Indonesia, given its scale, is a great place to put this to the test.\n9:30 a.m. HKT/SGT(1:30 UTC)Germany\'s 10-y Bond Auction\n11:30 p.m. HKT/SGT(15:30 UTC)Australia\'s Trade Balance (Mom/Nov)\n6:00 a.m. HKT/SGT(22:00 UTC)China\'s Foreign Direct Investment (YoY/Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase to Cut About 20% of Workforce as Crypto Winter Lingers; Bitcoin Holds Above $17K:\nCrypto exchange Coinbase has said it is planning to reduce its headcount by around 950 employees as part of a restructuring which it expects to be complete by the end of Q2 2023. Pacific Street Managing Director Gareth Rhodes weighed in on the lingering crypto winter jitters. Meanwhile, bitcoin (BTC) is holding steady above $17,000. IDX Digital Assets CIO Ben McMillan shared his crypto markets analysis. And, Blockchain Foundation Executive Director Cleve Mesidor discussed the future of crypto regulation.\nAnalysts ‘Encouraged’ by Coinbase Layoffs as They Show Company Is Being Financially Disciplined:The crypto exchange’s dwindling group of sell-side bulls said Tuesday’s announced staffing cuts are a necessary step.\nEthereum Software Firm ConsenSys to Cut Upwards of 100 Staff:CoinDesk estimates nearly 27,000 jobs have been lost across the crypto industry since April, based on media reports and press releases.\nDCG\'s Barry Silbert Talks About Genesis in Letter to Shareholders:Crypto exchange Gemini co-founder Cameron Winklevoss earlier on Tuesday called for the DCG board to remove Silbert as CEO.\nCrypto.com Delists Tether’s USDT Stablecoin for Canadian Users:The move comes after the Canadian Securities Administrators committed to stronger oversight over crypto exchanges following the demise of FTX.\nGemini Terminates Its Crypto Yield Product, Amping Up Battle With Genesis:The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange\'s nearly two-year-old Gemini Earn program.', 'Good morning. Here’s what’s happening: Prices: As bitcoins nudges higher above $17,400, altcoins are surging and the so-called "Grayscale discount" is narrowing thanks to growing speculation over Digital Currency Group\'s finances. Insights: Indonesia’s government is launching a crypto exchange. But it’s not completely correct to think that it’s launching a competitor to Binance. Prices CoinDesk Market Index (CMI) 850.65 +12.2 ▲ 1.5% Bitcoin (BTC) $17,444 +255.4 ▲ 1.5% Ethereum (ETH) $1,336 +14.5 ▲ 1.1% S&P 500 daily close 3,919.25 +27.2 ▲ 0.7% Gold $1,881 +8.6 ▲ 0.5% Treasury Yield 10 Years 3.62% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin crosses above $17.4K, but Check Out GALA By Bradley Keoun The digital-asset analysis firm Arcane Research noted that bitcoin\'s gains are getting eclipsed as "market participants rotate into altcoins amidst a frantic short squeeze ." Markets analyst Glenn Williams Jr. wrote Tuesday that he\'s suddenly seeing an uptick in activity in a technical screen he uses to identify cryptocurrencies with rising volatility . It\'s especially surprising given how missing volatility was for the previous few weeks, as chronicled in a weekly report Tuesday by Glassnode . The drama surrounding Digital Currency Group (owner of CoinDesk) continues, and the speculation can be seen in the recent narrowing of the so-called "GBTC discount" to an eight-week low. Insights Indonesia’s Government-Run Crypto Exchange Isn’t What You Think it Is By CoinDesk Indonesia\'s Shenna Peter and CoinDesks\'s Sam Reynolds Indonesia’s government is launching a crypto exchange. But it’s not completely correct to think that it’s launching a competitor to Binance. Within Indonesia, crypto exchanges like Binance are referred to as “Physical Traders of Crypto Assets” by the country’s Commodity Futures Trading Regulatory Ag
**Last 60 Days of Bitcoin's Closing Prices:**
[16799.19, 16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-11
**Financial & Commodity Data:**
- Gold Closing Price: $1874.60
- Crude Oil Closing Price: $77.41
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $335,566,638,000
- Hash Rate: 249135684.30488667
- Transaction Count: 287494.0
- Unique Addresses: 661284.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: For the Nine Months Year Over Year Revenue Increased 3X from $7.9 Million to $23.4 Million NEW YORK, NY / ACCESSWIRE / November 15, 2022 / The OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced record revenue in 2022. Highlights for the period include the following: Key Highlights Adjusted EBITDA $794,664 vs. Negative Adjusted EBITDA (-$1,615,364) as of September 30, 2022, and 2021, respectively. Total Corporate Assets $41,177,888 on September 30, 2022 Cash Balance on September 30, 2022, approximately $2,300,000 Zero unsecured debt For the Nine Months Ended 9/30/2022 For the Nine Months Ended 9/30/2021 Total revenue $ 23,405,445 $ 7,883,897 Total operating expense $ 28,394,747 $ 10,433,542 Loss from operations $ (4,989,302 ) $ (2,549,645 ) Total other expenses & income $ 383,190 $ (116,702 ) Net Loss $ (4,606,112 ) $ (2,666,347 ) Amortization expenses $ 2,794,731 $ 647,711 Depreciation expense $ 2,393,966 $ 53,571 Interest expense $ 0 $ 116,736 EBITDA $ 582,585 $ (1,848,329 ) Stock Based Compensation expenses $ 212,079 $ 232,965 Adjusted EBITDA $ 794,664 $ (1,615,364 ) Link to the fillings: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001314196/000121390022072282/f10q0922_theolbgroup.htm You are invited to Earnings Conference Call Nov 15, 2022 04:30 PM Eastern Time (US and Canada) Register in advance for this webinar: https://us06web.zoom.us/webinar/register/WN_iO8M9GpJT36qycufJeWVMQ After registering, you will receive a confirmation email containing information about joining the webinar. OUTLOOK FOR 2022 OTHER BUSINESS UPDATES AS OF September 30, 2022 : Zero unsecured debt $2.3 million cash on hand Insider Share Ownership Approximately 32% Diversified revenue sources (eCommerce merchant services and Bitcoin mining) 98% of revenue earned from profitable eCommerce operations Annualized revenue run rate at $31.2Million vs. 2021 revenue of $10.5 Million As of September 30, 2022, company market capitalization was $15.6 Million and Price to Sales Ratio of 0.66 Increase in revenues projected from organic growth, acquisitions, new initiatives in crypto payments and Bitcoin mining eCommerce and Bitcoin mining annualized revenue run rate projected to be between $32 million and $34 million by the end of 2022 Story continues Future OLB Press Releases and Updates Interested investors or shareholders can be notified of future Press releases and Industry Updates by mailing: [email protected] About The OLB Group, Inc. The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers. For more information about The OLB Group, please visit https://www.olb.com and http://investors.olb.com Safe Harbor Statement All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement. Contacts OLB Group Investor Relations Rick Lutz [email protected] (212) 278-0900 Ext. 333 SOURCE: The OLB Group, Inc. View source version on accesswire.com: https://www.accesswire.com/725749/OLB-Group-Continues-Record-Revenue-Growth-for-2022...
- Reddit Posts (Sample): [['u/nottobetakenesrsly', 'Misconceptions about money', 38, '2023-01-11 00:51', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/', 'TLDR: There are a lot of misconceptions about money. When money works well, we don’t need to think about it.\n\nThere\'s a great deal of evolved complexity in the current monetary system that may or may not perceptively impact peoples\' lives. The monetary system will continue to evolve, and hopefully without more GFC\'s(GMC\'s). If there\'s a problem to be fixed, any movement wont get far if they don’t understand the problem.\n\nCentral banks aren\'t trying to steal from anyone. Banks don\'t have to be your friend; they just need to work. \n\n...\n\nAlright:\n\nI\'ve found that there\'s a lot of superficial, or overly simplified views on money/the monetary system out there. Extreme antagonism against central banks, commercial banks, etc. in the Bitcoin space. Outdated views on how money is issued, backed, or simply "what money is" both in Bitcoin/CC and anti-Bitcoin/CC circles. I see some of this as due to the over-theorization in academia re: economics, monetary policy, etc. Central banks also over-simplify their role in their public communications to the detriment of better general understanding. Instead, I\'ll come from the perspective of finance; what we actually do day-to-day to fund our activities, and how we ensure "supply" for our markets.\n\nThe modern monetary system is truly global; with many participants across many jurisdictions. I am also going to oversimplify several factors (but hopefully not to a degree that would generate further misconception). We\'ll stick with the global reserve (USD) for any examples. As a note; remember that most money today takes the form of ledger entries; and is not physical cash.\n\nWhere does most money come from?\n\nIn the past; physical cash (paper, coins), comprised most issuance. Sometimes backed by promises of convertibility to precious metals, and usually guaranteed by the government or a related agency. Original central banks (or proto-central banks) were tasked with managing liquidity; and overseeing reserves (managing the funds banks held back to satisfy demand for withdrawals). Due to the constraints of a physical currency system; banks created new procedures to "move" funds without physically transiting cash. Early examples were the acceptance of checks. Banks could correspond with each other and settle transactions on their ledgers without moving physical cash around.\n\nThis phenomenon (using bank ledgers), continued to expand throughout the 1900\'s. These days, physical cash is a vanishingly small portion of what constitutes money; with most money really existing on the ledgers of commercial banks, or bank-like institutions. No backing is present, aside from the implicit convertibility to paper notes. \n\nMost people understand fractional reserve banking *within the regulatory jurisdictions* of their countries. Banks can issue loans using their deposits, but must retain a "reserve" to meet potential withdrawal demand. Banks can keep their reserves with a central bank, and central banks these days also issue "reserves" (denominated in their currency), but are also not cash. These are balance sheet entries that meet regulatory requirements and can be transferred among institutions under the jurisdiction of the central bank. Banks create *the vast majority* of money by lending. \n\nWhat isn\'t covered as much (or is covered in a misleading way: [BIS](https://www.bis.org/publ/qtrpdf/r_qt2212h.htm) ["missing money"](https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/)), is the lending activity outside of the jurisdiction of the central bank. This arena is often called the "eurodollar" system. "euro" in this case only implies "dollars not in the US" (but it is also true of other currencies). Offshore (non-US) entities dealing in USD deposits can also lend against their deposits; and are subject to different reserve requirements (in some jurisdictions, there are no reserve requirements whatsoever - including the US. There are other constraints that are internally or externally imposed). The money creation in this area was significant enough to merit some investigation in the 50\'s and 60\'s including a paper by [Milton Friedman - PDF](https://files.stlouisfed.org/files/htdocs/publications/review/71/07/Principles_Jul1971.pdf). The paper largely captures the space, but suggests a level of indirect influence by the Fed that may be an over-estimation. \n\nNoteworthy are pronouncements of:\n\n>the Euro-dollar market has almost surely raised the world\'s nominal monetary supply... higher than it would otherwise be.\n\nAt the time, the impact wasn\'t fully clear. The eurodollar system evolved out of a necessity; bypassing local constraints to avoid liquidity issues, and potentially going as far as to solve Triffin\'s dilemma/sidestep balance of payments issues. The US didn\'t need to robustly export dollars, because dollars were being created [globally](https://www.economist.com/sites/default/files/20151003_world_econ.pdf) - PDF:\n\n>The freewheeling Eurodollar market for banking in dollars outside America sprang up in the 1960s to get round red tape in America itself. It has been growing at a furious pace ever since.\n\nOf the main methods where global banks and other financial institutions interact, are via derivatives, fx, and repurchase agreements (repo). A repo transaction is when two entities get into a contractual arrangement to sell, and buy back a form of collateral at a later date. A simple example may be that my institution (outside the US), requires USD to satisfy local customer demand or other obligations. We may find another financial entity (e.g. a money market fund), and enter into an agreement. We will sell a mixture of collateral for USD units, and promise to buy it back at a higher price at a later date (often, without the collateral changing hands). We may roll this "loan" over until it can be paid. If we default on the arrangement, the money market fund will take possession of the collateral. Vehicles such as these are what the global system uses to ensure sufficient currency is where it is needed, when it is needed. The 2007-08 crisis was really one of insufficient collateral, causing a cascading breakdown.\n\nMoney is a far more complex thing than "an issuance by the government". Central banks are not out to steal from you using their omnipotent control of the money supply (in reality, they don\'t even have effective measures of broad money). Central banks attempt to influence behavior through monetary policy based on their interpretation of fairly narrow signals, and a narrow definition of inflation. Most aspiring replacements for money propose to fix a system that is ill-understood by its prescriber (I guess maybe we can put a "Few" in here).\n\nApologies for being long-winded or unclear.', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/', '108pa97', [['u/secret369', 30, '2023-01-11 01:14', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tp7y0/', 'The thing is, why settle for a complex and nuanced narrative when you can afford an simplistic us-versus-them nonsensical conspiracy theory?', '108pa97'], ['u/Affect-Electrical', 14, '2023-01-11 01:21', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tqalt/', "The thing about crypto, is it's got nothing to do with how money works, and everything to do with how much money you could get, and absolutely to do with doing whatever you think will get you as much as possible.\n\nAsk SBF.", '108pa97'], ['u/nottobetakenesrsly', 15, '2023-01-11 01:39', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tsuj4/', 'Well summed up... If I were to be generous; maybe it gives people an easier target to blame for shortcomings. Some of the shortcomings may be their own, some may be outside of their control.', '108pa97'], ['u/cladtidings', 11, '2023-01-11 02:08', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tx5hn/', 'Bitcoin weirdos LOVE glib, simplistic narratives that don\'t hold up to scrutiny. I know one who\'ll say things like "gold is just a shiny metal" and "real estate is not a store of value" like it\'s some profound truth and not just some sniveling drivel he\'s parroting. Bitcoin and crypto contributes to the overall dumbing down of the culture, by encouraging hive mind thinking and a meme-based, sound byte philosophy.', '108pa97'], ['u/dyzo-blue', 17, '2023-01-11 02:57', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3u43ki/', "I think with a lot of Fed-haters — be they reactionaries or libertarians or butters — something like this happened to them:\n\n1) Around age 5, their mother tried to instill in them the importance of saving money. She explained that if you keep it in a bank account, the money grows because of interest. She said only bad people spend all their money, rather than setting some aside in a bank and delaying the gratification of spending it, perhaps until they are seniors. Also, borrowing is risky behavior that should be avoided at all costs — only spend less than you have.\n\n2) Then, sometime in their late teens or early twenties, they learn about inflation. And they realize that saving money in a bank throughout their childhood was dumb, as it was decreasing in spending value even with the interest rate included. And it turned out, bankers (whether they work for actual banks or the government) are actually intentionally managing the economy in such a way that there tends to be slow steady and predictable inflation. On top of that, the people who make the most money, borrow money all the time to keep their businesses going. (How unfair is that?)\n\n3) Then, instead of adjusting their model of money and the economy... they get really pissed off.\n\nThey can't deal with the fact that their mother oversimplified things for them, even though that is what people always do when explaining things to children. And rather than adjust their mindset to deal with reality as it is, they get angry and strike out at a world that doesn't work the way they think it should.\n\nTell one of these people to their face that you think inflation is a good thing, as it encourages investment, and watch them turn into an angry 7-year-old, right before your eyes.", '108pa97']]], ['u/Skeeter1020', "What's your favourite BTCC circuit as a trackside spectator?", 10, '2023-01-11 01:21', 'https://www.reddit.com/r/btcc/comments/108q0dc/whats_your_favourite_btcc_circuit_as_a_trackside/', "I'm going to travel further afield from my local (ish) Brands this year to see some racing. Where should I go?\n\nThanks!", 'https://www.reddit.com/r/btcc/comments/108q0dc/whats_your_favourite_btcc_circuit_as_a_trackside/', '108q0dc', [['u/B-Shake', 13, '2023-01-11 02:37', 'https://www.reddit.com/r/btcc/comments/108q0dc/whats_your_favourite_btcc_circuit_as_a_trackside/j3u184h/', 'Rockingham :(', '108q0dc'], ['u/Badstoober', 14, '2023-01-11 04:03', 'https://www.reddit.com/r/btcc/comments/108q0dc/whats_your_favourite_btcc_circuit_as_a_trackside/j3udi1g/', 'Knockhill is brilliant for spectating, as are Brands and Donnington.', '108q0dc']]], ['u/trevandezz', 'Pennystocks are back - MULN, CENN, MARA, PRTY ??', 65, '2023-01-11 04:58', 'https://www.reddit.com/r/pennystocks/comments/108utql/pennystocks_are_back_muln_cenn_mara_prty/', "Hey guys,\n\nHope everyone is having a great start to the year. \n\nI've been watching a lot of different stocks, and my friend and I have been discussing the possibility that **pennystocks are back.** *My main reason for thinking this, now, is because of PRTY going up* ***117%*** *today and going up another 32% after hours.*\n\nThe last time I read about Party City, they were filing for bankruptcy. Which is obviously a very bullish sign for a stock? lmao\n\n# My Positions and Why\n\nhttps://preview.redd.it/ba30hbr25cba1.png?width=799&format=png&auto=webp&v=enabled&s=bea19444907522d8fda84bef4900c248e34aaa8a\n\n**MARA** is the stock that I bought in 2020 for $0.80 and then it went up to $83. They mine bitcoin and when bitcoin goes up, this stonk goes up. I'll try to hold this long term. \n\n&#x200B;\n\n**CENN**\n\nhttps://preview.redd.it/xn18om0t5cba1.png?width=1815&format=png&auto=webp&v=enabled&s=219dc7c864102694549b216a4dc164dc7cb6385a\n\nAs you can see, it's bounced 68% from it's lows. It's also making bullish consolidation patterns. This is an easy trade for me because the stop loss and take profit are pretty clear to me. I'm taking a small risk here and I'll exit if the stock starts creating bearish engulfing candles or other bearish patterns. Perhaps the 'altcoins' of EV will have a great year this year.\n\n&#x200B;\n\n**MULN**\n\nhttps://preview.redd.it/387bolby6cba1.png?width=1807&format=png&auto=webp&v=enabled&s=ac01ce9de34d3509c5af5d7e7367c606936c6a34\n\nThis chart is looking really good to me. It looks like it's about to moonshot up above $0.50 somewhere. My stop loss is probably too tight, and my take profit might be too conservative, but I think there's a lot of potential for this stock to move up. I'll never go all in until they complete that reverse split though.\n\nI don't own any PARTY CITY, but I'm definitely watching it for some juicy day trades now.\n\n&#x200B;\n\n&#x200B;\n\nTQQQ is just a bullish market position. Idk how long, but it looks like the market wants to ride into tendie town.\n\nLet me know your bullish or bearish sentiments on these stocks. I mainly focus on the charts so I'm curious if you guys know of any upcoming news events that could be catalysts.\n\n&#x200B;\n\nCheers bros.", 'https://www.reddit.com/r/pennystocks/comments/108utql/pennystocks_are_back_muln_cenn_mara_prty/', '108utql', [['u/Ben_aid', 11, '2023-01-11 05:24', 'https://www.reddit.com/r/pennystocks/comments/108utql/pennystocks_are_back_muln_cenn_mara_prty/j3uo6nx/', 'With Bitcoin price now rising to above $17.4K, MARA may be close to using electricity from the grid if they can draw it at a cost of $.064/kWh or less. This price/kWh is the current breakeven. I know they only pay $.045/kWh for electricity from the wind farm behind the meter but not sure what their current rate is at the meter from the power company.', '108utql'], ['u/Clear_Lead', 53, '2023-01-11 05:30', 'https://www.reddit.com/r/pennystocks/comments/108utql/pennystocks_are_back_muln_cenn_mara_prty/j3uousd/', 'PRTY about to go bankrupt, stock moons over 100%. There is no logic to this market', '108utql'], ['u/trevandezz', 19, '2023-01-11 05:47', 'https://www.reddit.com/r/pennystocks/comments/108utql/pennystocks_are_back_muln_cenn_mara_prty/j3uqwio/', 'This is the way', '108utql']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, January 11, 2023', 31, '2023-01-11 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/', '108w215', [['u/RetardIdiotTrader', 12, '2023-01-11 08:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3v4x9t/', 'Close that shit right now', '108w215'], ['u/mahic', 10, '2023-01-11 10:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3vezav/', 'At what point do we begin beliebing again?', '108w215'], ['u/Magikarpeles', 10, '2023-01-11 11:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3vhpuh/', '20k for me', '108w215'], ['u/owenhehe', 12, '2023-01-11 12:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3vox2u/', 'What is going on with all those miner/bitcoin stocks? RIOT, MARA both go up over 60% in a week. Same about Microstrategy. Damn, it is hard not to FOMO, but I know price will tank the moment I place long order.', '108w215'], ['u/sjakaksms', 10, '2023-01-11 12:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3vq81j/', 'I never stopped.', '108w215'], ['u/puck2', 14, '2023-01-11 13:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3vrqbr/', 'Front running BTC', '108w215'], ['u/DaBrokenMeta', 14, '2023-01-11 13:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3vwnq6/', "DON'T STOP.......BELIEVING", '108w215'], ['u/52576078', 14, '2023-01-11 16:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wf8xf/', "Bob Loukas is buying here. He's not saying bottom is in, but he's comfortable buying here. https://nitter.net/BobLoukas/status/1612890752085856281#m", '108w215'], ['u/Westbrook_Level', 14, '2023-01-11 16:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wgszd/', 'But Caroline said don’t use stops.', '108w215'], ['u/dopeboyrico', 18, '2023-01-11 16:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wgxp7/', 'BTC reached a local high of $18.3k in December. I’m guessing we range between here and there until CPI comes out tomorrow.\n\nAs long as YoY CPI for December tomorrow comes in below expectations set at 6.5% compared to November which came in at 7.1%, solid chance we break above $18.3k and head back into the range BTC was at before FTX’s collapse happened. This range was from a local low of $17.7k in June to a local high of $25.1k in August.\n\nAfter that, next big macro catalyst I’m expecting is for YoY CPI to fall off a cliff and potentially go negative beginning March 2023 because baseline numbers being compared started to explode in March 2022. That’s when I expect we break out of the range to the upside and people begin feeling confident the bull market is back on. Once the Fed ultimately capitulates and cuts rates out of fear of causing a deeper recession than necessary, which I anticipate to occur by middle of this year, that’s when the real fun begins.', '108w215'], ['u/d1ez3', 12, '2023-01-11 16:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wjxgy/', '$69,000.01', '108w215'], ['u/_TROLL', 13, '2023-01-11 17:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wo2jj/', "God only knows how much Sam could hide in that bird's nest he calls his hair.", '108w215'], ['u/Znt', 13, '2023-01-11 17:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wthmf/', 'When this thing moves **up** again, it will surprise many.\n\nBut it will just be a repeat of past patterns, scaled up really.', '108w215'], ['u/AccidentalArbitrage', 15, '2023-01-11 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wyd4p/', 'DCG trying to show that Genesis Capital is a completely independent company, presumably in an effort to show that DCG and other DCG companies would be fine even if Genesis Capital goes under. \n\n\nThey really try to emphasize it in the FAQ section: https://dcgupdate.com/', '108w215'], ['u/xixi2', 11, '2023-01-11 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wyoiq/', 'Probably but no other previous pattern had the double top at 60K we got.', '108w215'], ['u/_TROLL', 21, '2023-01-11 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3wys0n/', 'How these companies are swimming in red ink is beyond me. Barry Silbert needs to call up Ross Ulbricht to learn how to run a profitable crypto-based business in bull or bear markets.', '108w215'], ['u/Magikarpeles', 13, '2023-01-11 18:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3x2m7r/', 'How fuckin tight was your stop lol', '108w215'], ['u/xtal_00', 16, '2023-01-11 19:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3xclat/', 'If we break resistance at 18k, 20k is back on the menu.', '108w215'], ['u/Yurion13', 11, '2023-01-11 20:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3xi7f0/', 'Silbert got greedy chasing yield. Gave out under-collateralized loans to 3AC and FTX, lost billions to them. Very poor risk management.', '108w215'], ['u/PatientlyWaitingfy', 11, '2023-01-11 20:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3xlhu0/', 'Upped SL to 16861, first buy still at 17021', '108w215'], ['u/zberg69420', 14, '2023-01-11 21:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/108w215/daily_discussion_wednesday_january_11_2023/j3xwgd7/', 'If GBTC can just recover a little more ground...the discount will be back to where it was when I bought lol', '108w215']]], ['u/MyNameIsRobPaulson', 'FOBI: 8112 (Universal Digital Coupons) will go live this year.', 42, '2023-01-11 06:10', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/', 'FOBI End of Year Podcast\nhttps://www.youtube.com/watch?v=3omEjc_bx04\n\nSome notes:\n\n17:15 - "8112 is the optimum blue sky as this goes live this year" Mentions contracts with Vericast and Catalina will begin to bring in revenue. Host mentions there is a lot of pent up demand for 8112. \n\n20:08 - Comments on Blockchain. Big believer/early investor. Frames FTX, Ethereum and Bitcoin in a bad light. Sees 2023 as a big year. \n\nSays there are many different blockchain projects they\'ll be looking to play part in for 2023. Then says Healthcare, Digital Identity big for 2023 with FOBI. Breadcrumb for new Hedera use cases?', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/', '108w9jb', [['u/jeeptopdown', 21, '2023-01-11 07:20', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/j3v0nml/', 'Would be a dream one-two to have atma and TCB both ramp up this year.', '108w9jb'], ['u/MyNameIsRobPaulson', 19, '2023-01-11 07:23', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/j3v0wny/', 'And if we are to believe Shane Higdon -- 78 more!', '108w9jb'], ['u/Defiant-Lifeguard-54', 15, '2023-01-11 08:39', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/j3v7ebl/', "This will be the year I tell people I bought hbars and don't get laughed out of the room!", '108w9jb'], ['u/Patient-Entrance7087', 15, '2023-01-11 11:37', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/j3vkee1/', 'Well considering they were both supposed to be live in Q42022, I don’t think dream is the correct word….it’s expected.', '108w9jb'], ['u/jeeptopdown', 11, '2023-01-11 17:17', 'https://www.reddit.com/r/Hedera/comments/108w9jb/fobi_8112_universal_digital_coupons_will_go_live/j3wowh5/', 'Agreed. But in my brain I am trying to frame it as simply a proof of concept when the first of them goes live. Don’t want to be disappointed by unmet expectations if there is little short term price movement. Looking for long term income stream through staking.\n\nIf it does pop it will be an added bonus.', '108w9jb']]], ['u/rBitcoinMod', 'Daily Discussion, January 11, 2023', 52, '2023-01-11 07:04', 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\n\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\n[Join us in the r/Bitcoin Chatroom!](https://discord.gg/K5H25KZHke)\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/1082cry/daily_discussion_january_10_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/', '108xa81', [['u/Analog_AI', 12, '2023-01-11 07:43', 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/j3v2rfi/', 'I decided to make Bitcoin my personal pension vehicle. I put 10% of my salary in dca. The country I live in it’s liable to not give me a pension in 30 years. I have to do it myself for as long as I can. \nWill it be enough to give me a pension that is half my salary? \nI guess it all depends on the price movement in the next 30 years.', '108xa81'], ['u/Hojabok', 10, '2023-01-11 15:09', 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/j3w5oj9/', 'Subsidionaires', '108xa81'], ['u/HurricaneHarvey7', 18, '2023-01-11 20:22', 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/j3xji4l/', 'The next bull run is going to sting hard for all the buttcoiners\n\nReality is going to set in soon', '108xa81'], ['u/JimothyCotswald', 10, '2023-01-11 21:49', 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/j3xxikj/', 'Lack of activity here still a good sign. Start filling your bags folks.', '108xa81'], ['u/HurricaneHarvey7', 23, '2023-01-11 21:59', 'https://www.reddit.com/r/Bitcoin/comments/108xa81/daily_discussion_january_11_2023/j3xz5z9/', 'El Salvador has approved legal framework for Bitcoin bonds.\n\nUnstoppable.', '108xa81']]], ['u/WebterLuu', 'Twitter launches new monetization feature', 271, '2023-01-11 07:09', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/', 'Users can use Twitter Coin to reward tweets on the platform.\n\nTwitter social network continues to develop new features related to Twitter Coin. Accordingly, this coin will be used in the Twitter Rewards program. Users can donate "Coins" to others on the platform. At the same time, "coins" can be purchased with fiat currency (like USD).\n\nAccording to Twitter account JaneManchunWong, Twitter is developing trading and categories for Twitter Coin. Accordingly, users can buy Coins through Stripe.\n\nThose who receive the Twitter Coin token will have to wait until they have earned 50 USD Coins to be able to withdraw from the platform. In addition, Twitter Rewards will also add emoji buttons such as surprise, cheers, crown... To use this feature, users will have to pay Coins to give them to the owner of the tweet.\n\nIf it were me, I would prefer to be paid in BTC, RBIF. How about everyone?\n\n&#x200B;\n\nhttps://preview.redd.it/qe12kx4qofba1.png?width=2560&format=png&auto=webp&v=enabled&s=c72d9582b9621ede2d8d0ef11e035599a1d282eb\n\nhttps://preview.redd.it/rz6zsv7ctcba1.png?width=685&format=png&auto=webp&v=enabled&s=2d344bb95ec5f789f05fc1c43fcf380aefdfb9e1', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/', '108xdi0', [['u/magnetar_industries', 51, '2023-01-11 07:12', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3uzvrk/', 'Hard pass.', '108xdi0'], ['u/Tiggeribby', 65, '2023-01-11 07:17', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0bpt/', 'Ridiculous. I deleted my account and the app weeks ago.', '108xdi0'], ['u/psyentist15', 594, '2023-01-11 07:17', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0cjn/', "> Those who receive the Twitter Coin token will have to wait until they have earned 50 USD Coins to be able to withdraw from the platform. \n\nAhh, so it's the adult version of Roblox now.", '108xdi0'], ['u/i_suckatjavascript', 356, '2023-01-11 07:19', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0ii7/', 'Sounds a lot like Reddit awards lmao', '108xdi0'], ['u/Sartres_Roommate', 124, '2023-01-11 07:19', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0jpi/', 'If Reddit hadn’t done it first I would say it’s the first original and possibly effective idea Twitter has had since Elon took over. It will make the pandering echo chamber effect even worse but I can imagine it will be popular if implemented well.', '108xdi0'], ['u/Whornz4', 24, '2023-01-11 07:20', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0l3b/', 'So glad I deleted Twitter.', '108xdi0'], ['u/Revolutionary_Ad9839', 63, '2023-01-11 07:22', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0uoj/', 'twitter can suck my nuts for free', '108xdi0'], ['u/carlotta3121', 81, '2023-01-11 07:24', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0yco/', "It's stupid, just like everything else Elon has done since taking over.", '108xdi0'], ['u/basch152', 72, '2023-01-11 07:24', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v0zyd/', "reddit isn't the only place that does this, not even close\n\nthis is desparation", '108xdi0'], ['u/Revolutionary_Ad9839', 27, '2023-01-11 07:24', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v10sp/', '', '108xdi0'], ['u/TryGuysTryYourWife', 12, '2023-01-11 07:28', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v1cmn/', "sure you don't want to charge them a few billion for the privilege? It still wouldn't be the worst financial decision muskyrat has made", '108xdi0'], ['u/Mesicheck', 36, '2023-01-11 07:58', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v41u9/', 'Nice... Easy money laundering via tweets', '108xdi0'], ['u/Mostest_Importantest', 31, '2023-01-11 08:09', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v4yjg/', "Not that it's any of my business, but I think Elon isn't going to have much luck enticing people back to quittler, with this.\n\nLike the exoduses from MySpace and Tumblr, they'll ever only be shadows of their former selves.\n\nMr Musk has too many yes men surrounding him, so he's not done losing money on it, yet.\n\nThat'll come later. Poor poor billionaire.", '108xdi0'], ['u/JoshGordonHyperloop', 60, '2023-01-11 08:23', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v66oh/', ">It's stupid, just like everything else Elon has done ~~since taking over.~~\n\nFTFY", '108xdi0'], ['u/TotallyGoodFuude', 35, '2023-01-11 09:05', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3v9fut/', 'Money laundering goodness here we come', '108xdi0'], ['u/dethred', 13, '2023-01-11 09:28', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vb9ai/', 'Respect.', '108xdi0'], ['u/bluehatgamingNXE', 92, '2023-01-11 09:34', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vbnnc/', 'Imagine if we can withdraw money from it tho, I can already think of alot of ways to farm them off.', '108xdi0'], ['u/GreatChicken231', 127, '2023-01-11 09:49', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vcr4p/', 'I’m 99% sure this is posted by a spam bot. See that camera emoji? I’ve noticed it before. Also, check their user history. There are some weird comments they make, often not making sense or contributing anything other than “hmm” or smiley faces. Am I crazy?', '108xdi0'], ['u/ThanklessTask', 129, '2023-01-11 10:12', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vee7r/', "I misread that as I'd have to raise the funds to buy my freedom and delete my account...", '108xdi0'], ['u/pokeaim', 37, '2023-01-11 10:14', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vejbv/', "> > It's stupid, just like ~~everything else~~ Elon ~~has done since taking over.~~\n\n> FTFY\n\nFTFY", '108xdi0'], ['u/Lord_Quintus', 15, '2023-01-11 10:26', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vfd0b/', "yep, though you can actually pull these out and get real currency. would've been better if you could only spend them at twitters marketplace which would be filled with overpriced shit", '108xdi0'], ['u/amateur_mistake', 65, '2023-01-11 10:36', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vg3gk/', 'I mean, personally, the dividends my Karma pays me every month is plenty to live on. \n\nIf I could monetize the many awards I am constantly given, I would be able to upgrade my yacht.', '108xdi0'], ['u/WebterLuu', 13, '2023-01-11 10:41', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vgf8r/', ">I misread that as I'd have to raise the funds to buy my freedom and delete my account...\n\nhmm", '108xdi0'], ['u/ali_stardragon', 51, '2023-01-11 10:52', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vh6mw/', 'Makes sense to me, a lot if the comments on this post (including the one on your comment) are nonsensical.', '108xdi0'], ['u/WearyPassenger', 43, '2023-01-11 11:34', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vk5pe/', 'No, Twitter is worse. They will sprinkle some of those coins around, then pressure you to earn towards your $50 so you can cash out. It\'s their way of bribing engagement on the platform. They are relying on people feeling like they need to "get their money out of Twitter."\n\nThey are bribing engagement. It\'s really scummy.\n\nEdit: holy cow Siri made some terrible spelling choices and I didn’t bother proofreading.', '108xdi0'], ['u/xredbaron62x', 34, '2023-01-11 11:43', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vku0z/', 'Thats next', '108xdi0'], ['u/TwitterCoin', 10, '2023-01-11 11:53', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vlk6t/', 'Twitter coin is dumb', '108xdi0'], ['u/TheOneTrueTrench', 20, '2023-01-11 12:22', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vntoc/', "You should probably check with your legal department, Elon, if they hadn't all quit.", '108xdi0'], ['u/dj_narwhal', 27, '2023-01-11 12:24', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vo10j/', 'Just like every other media there will be an infinite pool or untraceable money from far right billionaires used to amplify far right fascists. They will use the fact that they get so many coins on their posts about wanting to murder trans people that they will use that to tell their moron followers that everyone agrees with them.', '108xdi0'], ['u/Thane_Mantis', 21, '2023-01-11 12:28', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vocmp/', ">>>~~It's~~ stupid, ~~just like everything else~~ Elon ~~has done since taking over.~~\n\n>>FTFY\n\n>FTFY\n\nFTFY", '108xdi0'], ['u/make_love_to_potato', 35, '2023-01-11 12:36', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vp05s/', 'I make about $500-1000 a month on karma. What about you?', '108xdi0'], ['u/JackdawMiles', 18, '2023-01-11 12:56', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vqsba/', 'Damn bro, I only make like 20 bucks a month', '108xdi0'], ['u/brova', 12, '2023-01-11 13:17', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vsrdl/', 'Because musk is a douchebag fascist Republican billionaire moron', '108xdi0'], ['u/brova', 35, '2023-01-11 13:19', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vsvvx/', "You're either a bot or a boot licker", '108xdi0'], ['u/WizeAdz', 10, '2023-01-11 13:34', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vuez7/', "Money laundering is a common use for cryptocurrency.\n\nYour wording implies that you're unfamiliar with the term, so here's a definition: \nhttps://en.m.wikipedia.org/wiki/Money_laundering\n\nElon hasn't demonstrated an understanding of ways that Twitter is misused (and the scale & frequency at which that misuse occurs), and he has forced the people who can advise him about this out of the company (because they keep shooting down his ideas).\n\nThis is a classic case of a man getting into trouble because he believes his own reputation and doesn't listen.", '108xdi0'], ['u/LobsterThief', 16, '2023-01-11 13:50', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vw2m1/', 'You don’t, though some spammers will farm karma and then sell their account (against Reddit TOS) to a company that will use it to shill their products or to push propaganda.\n\nSource: Been Redditing for 12 years', '108xdi0'], ['u/LobsterThief', 48, '2023-01-11 13:51', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vw719/', 'Confirmed', '108xdi0'], ['u/GreatChicken231', 24, '2023-01-11 13:54', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vwkua/', 'Exactly.', '108xdi0'], ['u/Ksh_667', 14, '2023-01-11 13:56', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3vwt9h/', 'A lot of comments on reddit are nonsensical lol.', '108xdi0'], ['u/buttholefold', 16, '2023-01-11 14:29', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3w0k9l/', 'Roblox: *After Dark*', '108xdi0'], ['u/willie_caine', 16, '2023-01-11 14:40', 'https://www.reddit.com/r/RealTwitterAccounts/comments/108xdi0/twitter_launches_new_monetization_feature/j3w1z7p/', 'If both, would they be a *bot licker*?', '108xdi0']]], ['u/partymsl', 'Bitcoin is currently held by way more long-term holders than short-term. In other words, all the tourists have left and only us convicted people remain.', 130, '2023-01-11 08:52', 'https://www.reddit.com/r/CryptoCurrency/comments/108z55k/bitcoin_is_currently_held_by_way_more_longterm/', 'One of the big reasons that a bear market even forms is the bull market itself. In the bull market a lot of newbies, enter the markets in the hope for some quick money as they probably saw how the news is flipping out over Crypto. But those people mostly just have a very short-term perspective as they are just here for the money and will leave as soon as they think there is no money left.\n\nSuch people can be summed up as under 1 year holders on on-chain data. They exit as they probably even lost a lot of money, is the cause for all the dumping, basically they paper-hand as they don’t understand the fundamental reason of Crypto anyway or never wanted to understand it. THIS is how a bear market is made.\n\n&#x200B;\n\n[From “Documenting Bitcoin“ and slightly edited myself](https://preview.redd.it/gqgx4rriddba1.jpg?width=1200&format=pjpg&auto=webp&v=enabled&s=1cb8d7ab76d259b54f26dd1aa02b8041e542d903)\n\nAs we can see from this chart with the >1 year holder, which are the long-term holders and the <1 year holders, which are the short-term holders we have talked about above. Right now those long-term holders, which consist of many people here, are holding 12M BTC out of the total supply of 19M. While short-term holders have decreased to nearly 6M which is down a lot from their peak of 10M in 2018.\n\nWhile it is also very interesting that while long-term holders keep making new peaks, short-term holders have not since 2018. Even during the peak-hype of this bull market we had approx. 10M longterm and under 9M shortterm holders. Which may also be a reason why we did not completely blow off like in 2018. We simply did not have as many speculators as back then, which sounds crazy but is relatively true.\n\nAs some closing words, this on-chain data is very interesting and will be even more interesting during the next bull run. More long-term holders is good for Crypto, well for the long-term, as those are people that will likely never sell and we could see that, if we compare this years crashes from LUNA to FTX, during FTX the impact was a lot less on the market as mostly only long-term perspective people remained.', 'https://www.reddit.com/r/CryptoCurrency/comments/108z55k/bitcoin_is_currently_held_by_way_more_longterm/', '108z55k', [['u/Flimsy_Brilliant_239', 17, '2023-01-11 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/108z55k/bitcoin_is_currently_held_by_way_more_longterm/j3v93km/', 'Being down on your investment will turn a lot of short term holders into long term holders...', '108z55k'], ['u/ShanktarDonetsk', 22, '2023-01-11 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/108z55k/bitcoin_is_currently_held_by_way_more_longterm/j3v93xq/', 'My 0.0005 BTC is here for the long haul', '108z55k'], ['u/tied_laces', 12, '2023-01-11 09:22', 'https://www.reddit.com/r/CryptoCurrency/comments/108z55k/bitcoin_is_currently_held_by_way_more_longterm/j3vas8z/', 'Convicts?', '108z55k'], ['u/LeafyGlucose', 23, '2023-01-11 10:19', 'https://www.reddit.com/r/CryptoCurrency/comments/108z55k/bitcoin_is_currently_held_by_way_more_longterm/j3vevib/', "These metrics don't necessarily mean much. Lots of 'hodlers' are in fact dead wallets and their previous owners are either dead, forgot about it or at least are dead inside", '108z55k']]], ['u/stefan_gabos', 'Value reported by real-time audit is on a green spree (when expressed in USD, that is)', 39, '2023-01-11 09:13', 'https://www.reddit.com/r/Nexo/comments/108zhu9/value_reported_by_realtime_audit_is_on_a_green/', 'I have stored audit data for the past (almost) 60 days. Expressed in USD it has never been so green for so long. I am not saying anything I am just showing some facts\n\nhttps://preview.redd.it/k800ot88hdba1.png?width=1875&format=png&auto=webp&v=enabled&s=2aacd49f23f528a9ea60a030429bc9f90562e8e3\n\n \nAnd here is the same thing, expressed in BTC\n\nhttps://preview.redd.it/yuojnx0dldba1.png?width=1876&format=png&auto=webp&v=enabled&s=61664a1768d18a0e15b554264c8399ebd7a2cdce', 'https://www.reddit.com/r/Nexo/comments/108zhu9/value_reported_by_realtime_audit_is_on_a_green/', '108zhu9', [['u/Percula_Clown', 10, '2023-01-11 10:43', 'https://www.reddit.com/r/Nexo/comments/108zhu9/value_reported_by_realtime_audit_is_on_a_green/j3vgl6i/', 'The BTC chart is the most interesting. Thanks for doing the work tracking the attestation values', '108zhu9'], ['u/PM_ME_SMALL_BOOBIES', 13, '2023-01-11 11:11', 'https://www.reddit.com/r/Nexo/comments/108zhu9/value_reported_by_realtime_audit_is_on_a_green/j3vihhm/', 'Check out https://nexo.how/charts as well', '108zhu9']]], ['u/sgtslaughterTV', '[serious] How many people here look at the macro-environment (stocks, bonds, real-estate pries, unemployment and so on) and not just "crypto prices and cycles"?', 14, '2023-01-11 10:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1090997/serious_how_many_people_here_look_at_the/', 'I see a lot of "trust me bro" memes whenever someone comes out with a well-thought-out argument or prediction/forecast for events that will affect the cryptocurrency market. 75% of the people who are browsing the sub right now were not here at the end of 2020. So that means all of these users didn\'t see the 2019 pump that took bitcoin from 6,000 USD to 8,000 USD apiece back when Trump started the trade war with China. \n\nBut I genuinely wonder sometimes how many people here have done more than just look at charts and then think, "Ok, we\'re going to pump because this looks like a double-bottom forming on the hourly timeframe." or other "horoscopes on the charts." \n\nThe thing is, what really bothers me is how, occasionally, you\'ll see posts with well-thought-out thesis and nothing but shitposts in the comments.', 'https://www.reddit.com/r/CryptoCurrency/comments/1090997/serious_how_many_people_here_look_at_the/', '1090997', [['u/Intelligent_Page2732', 12, '2023-01-11 10:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1090997/serious_how_many_people_here_look_at_the/j3veu9u/', "The macro-enviroment is the main indicator for me when I wanna invest in anything. \n\nPeople are calling this the bottom again and I see comments like, only way is up from here. But i'm not sure about that, the FED will not pivot this year and inflation is still way to high. \n\nIn my opinion the real pain still has to come, not that I wanna, but all things considering, I don't see a way up from here yet.", '1090997']]], ['u/Fairchild660', 'How Crypto is Saving the World Economy During the Inflation Crisis', 11, '2023-01-11 10:17', 'https://www.reddit.com/r/neoliberal/comments/1090gmz/how_crypto_is_saving_the_world_economy_during_the/', "Hear me out.\n\nThe post-pandemic inflation crisis is being driven by two main factors, (1) supply-side shocks resulting from lock-downs and decimation of the skilled labour pool, which has reduced worldwide production - and (2) robust financial safety nets for ordinary people, which has allowed consumption to remain the same. [This decrease in supply relative to demand increases prices.](https://cdn.britannica.com/90/164690-050-33BD0AC9/Illustration-increase-decrease-equilibrium-price-quantity-shift.jpg)\n\nSo what's that got to do with crypto?\n\nWell around the same time the economy started to re-open, fears of inflation (and free cheques from the government) caused a big increase in crypto currency investment. And this influx of money caused the prices to explode, inviting even more investment. Millions of people who had excess disposable income dumped it into crypto, expecting massive returns while riding-out the oncoming period of transitory inflation.\n\nImportantly, all of this money spent on Bitcoin and various stable coins was money *not* spent on real goods and services. Money that would otherwise have further burdened the already-struggling supply side. Instead of splurging on new cars and fancy consumer electronics, crypto investors did a bit of digital gold-buggery mattress-stuffing.\n\nAnd so, ironically, the gullible idiots who put money in Terra Luna and FTX have cooled down the economy by effectively burning their money. Sort of like carbon sequestration - but for tech bros and their savings.", 'https://www.reddit.com/r/neoliberal/comments/1090gmz/how_crypto_is_saving_the_world_economy_during_the/', '1090gmz', [['u/AutoModerator', 11, '2023-01-11 10:17', 'https://www.reddit.com/r/neoliberal/comments/1090gmz/how_crypto_is_saving_the_world_economy_during_the/j3verkn/', 'This is good for crypto.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/neoliberal) if you have any questions or concerns.*', '1090gmz'], ['u/alperosTR', 26, '2023-01-11 11:16', 'https://www.reddit.com/r/neoliberal/comments/1090gmz/how_crypto_is_saving_the_world_economy_during_the/j3viwer/', 'Proof Big Crypto is a Big Scam by Big Capitalism', '1090gmz'], ['u/Mrc3mm3r', 25, '2023-01-11 12:14', 'https://www.reddit.com/r/neoliberal/comments/1090gmz/how_crypto_is_saving_the_world_economy_during_the/j3vn784/', 'Is there a non credible economics sub?', '1090gmz'], ['u...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['New York, NY --News Direct-- Finixio Looking for the best crypto to invest in 2023? Considering the current bear market, some crypto enthusiasts argue that there has never been a better time to invest while prices are low before they explode in the next bull run. In this article, we take a look at the 10 best cryptocurrency to watch in the coming months before the next bull market commences. Best Crypto to Buy Now - Top 10 List Based on a variety of factors - such as current pricing action, future potential, roadmap targets, and mass appeal - here’s a list of the 10 best crypto to invest in now for 2023. MEMAG - Overall Best Cryptocurrency to Buy Today for P2E, NFTs and More Fight Out - Move-to-Earn Concept Rewards Users for Exercise C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars Calvaria - NFT Card Collectables With Play-to-Earn Rewards Lucky Block - Global Crypto Casino and Sportsbook With a Utility Native Token Tamadoge - Enter the Tamaverse to Breed and Battle Virtual Pets for Rewards Bitcoin - Top cryptocurrency to Invest in for Long-Term Wealth Dogecoin - Leading Meme Coin With Huge Online Following Ethereum - Solid Smart Contract Platform and the Home of dApps Read on to find our in-depth views of the undervalued crypto projects listed above. 1. MEMAG - Overall Best Cryptocurrency to Invest in Today The overall best crypto to watch right now is Meta Masters Guild (MEMAG) . MEMAG has just commenced its much-anticipated presale campaign, which is expected to sell out in record time. More on the presale shortly. In terms of the project objectives, Meta Masters Guide is looking to revolutionize the play-to-earn gaming space through its own native, blockchain-based ecosystem. This will be powered and backed by its proprietary crypto token. The unique selling point here is that MEMAG will offer decentralized games with real-world rewards specifically for the mobile gaming market. This is one of the fastest-growing segments of the gaming space and MEMAG is primed to be at the forefront of it in the coming years. There will be no limit to the number or even type of mobile games that form part of the Meta Masters Guild ecosystem. Crucially, however, all games will have a play- AND -earn aspect that enables users to earn and accumulate Gems. Those with Gems can convert the rewards to MEMAG tokens. The play-and-earn concept (as opposed to play-to-earn) ensures that the primary focus for players is to enjoy the games they play. This ensures that players are not accessing games simply for making gains - which is unsustainable in the long run. Story continues Instead, the play-and-earn concept in the MEMAG whitepaper states that if users are playing games in their masses, the economic rewards will follow suit. Another important factor of MEMAG games is that players will own all in-game assets. This will be verified and stored on the Ethereum blockchain for safety and transparency. In terms of upcoming games, MEMAG has already released information on confirmed titles. This includes Meta Kart Races - a player-vs-player racing game with in-game rewards. Next up is Raid NFT, which is based on the classic turn-based fighting concept. Meta Masters World is also under development, which will see players explore open worlds while collecting resources. Now onto the presale. As of writing, MEMAG tokens are in stage one of their presale campaign - trading at just $0.007. Once this stage is complete, the presale price will increase to $0.01. This offers an immediate upside of 40% - and this is before the MEMAG token has even completed its first exchange listing. In terms of the specifics, the MEMAG presale accepts ETH and USDT. Those without either of these tokens can buy ETH with a credit card via the presale website (KYC required). The first centralized exchange listing will be completed in Q2 2023. Visit MEMAG Presale 2. Fight Out - Move-to-Earn Concept Rewards Users for Exercise Next up on this analysis of the best crypto to buy right now is Fight Out . This innovative project is bringing crypto and blockchain to the fitness and exercise spaces. The concept is known as move-to-earn and this is expected to grow exponentially in the coming years. As the name suggests, move-to-earn rewards users for ‘moving’. In other words, completed steps through the day via walking, jogging, or running. However, the underlying technology at Fight Out takes the move-to-earn concept to the very next level. For instance, instead of merely tracking steps, the Fight Out app will be able to take into account all forms of exercise. This includes everything from strength and cardio to muscular endurance. What’s more, Fight Out is building its own unique metaverse that enables users from all over the world to earn while they stay fit. Within the Fight Out metaverse, users will be able to enter competitions to increase earning capabilities, not to mention socialize with other like-minded fitness fans. The metaverse will connect to the real-world, insofar that Fight Out will also be building its own chains of gyms. There will also be Fight Out merchandise, which will further promote the brand. In order to gain unfettered access to the Fight Out metaverse and super app, users will need to pay a subscription. All subscription fees are paid in $FGHT tokens. This is the native token of the Fight Out ecosystem - which is built on top of the Ethereum blockchain. The second digital currency that is native to the Fight Out ecosystem is REPS. This is the currency that enables users to earn rewards through workouts, exercise competitions, and more. One of the best things about Fight Out and its advanced, web 3.0 move-to-earn concept is that the project is only just getting started. And as such, those looking to gain exposure to Fight Out can now do so via the ongoing presale campaign. At this moment in time, the Fight Out crypto presale is in stage one. Therefore, at $0.0166, this offers the lowest price point possible. Once $5 million has been raised, the Fight Out crypto presale will increase the price to $0.0333. This means that those buying during stage one of the presale will lock in a huge discount of 50%. As an Ethereum-based, ERC-20 token, Fight Out accepts both ETH and USDT during the presale. Check out the Fight Out whitepaper here. Visit Fight Out Presale 3. C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations One of the best cryptocurrency to buy today from the green and renewables arena is C+Charge . This project is looking to democratize the carbon credit industry via charging stations. To set the scene, carbon credits are permits that enable businesses to emit higher levels of carbon and other harmful gasses into the atmosphere. As such, carbon credits have real-world value. However, in its current form, electric vehicle (EV) owners are not earning carbon credits when charging their model - as should be the case. Instead, the carbon credits are earned by the respective charging station and of course, the maker of the EV. This is where C+Charge comes in. In a nutshell, the project is building a global network of charging stations that will enable EV owners to earn carbon credits every time they charge and drive their cars. This will be in addition to partnerships with leading EV manufacturers and operators. Not only that, but the project is looking to revolutionize payments at charging stations too through its native digital token - C+Charge. This Ethereum-based token will ensure that EV owners are able to earn carbon credits in a transparent and secure way. Another important factor about C+Charge is its reflection program. This will allow C+Charge token holders to earn carbon credits passively. This is because 1% of all C+Charge transactions will be allocated to directly purchasing carbon credits, and distributed to token holders accordingly. Although C+Charge is a new and growing project, it has already formed partnerships with a range of notable stakeholders. This includes Chain Labs, CLS Global, Flowcarbon, Phihong, and many others. Those that view C+Charge as the best crypto to invest in 2023 will be pleased to know that the token is currently engaged in its presale launch. Not only that, but as the presale is in stage one, early investors can take advantage of a discounted price of $0.013 per CCHG token. Once stage two kicks in, the price will increase to $0.0165 per CCHG. For stage one investors, this means an immediate upside of 26%. The first CEX listing of C+Charge will go live on March 31st, 2022. Check out the C+Charge whitepaper for more information on this project. Visit C+Charge Presale 4. Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars One of the best cryptocurrency to invest in 2023 for proponents of the metaverse may wish to explore Robotera . This project is not only building its own, unique metaverse - but the ecosystem is themed around robots. Each virtual robot will be completely unique and personalized to the user. The overarching concept is that players will use their virtual robot to acquire resources throughout the limitless Robotera metaverse. This includes the ability to buy virtual plots of land. The concept of real estate in the metaverse is growing at a rapid pace, which is why Robotera could be the best cryptocurrency to buy now. After buying land, players will be able to build on it however they see fit. There are no boundaries in the Robotera metaverse, meaning players can build everything from a condo or hotel to a stadium. Moreover, the Robotera metaverse enables players to monetize their virtual land and real estate projects. As a simplistic example, players can rent out rooms in their custom-built hotel. Crucially, all virtual plots of land and in-game assets are backed by NFTs. This ensures that players have the opportunity to sell or trade their virtual items at any given time. The long-term theory is that as Robotera becomes more popular, the value of virtual plots of land will follow suit. The Robotera metaverse will also be a fun and enjoyable space to engage with people from all over the world. This will include the ability to play decentralized games which, once again, enables players to earn rewards. The in-game digital currency backing and powering the Robotera metaverse is TARO. This token will be used to buy, sell, and trade virtual items on a peer-to-peer basis. As of writing, Robotera is in stage one of its presale. This prices the TARO token at $0.20. The presale will move into stage two after 90 million TARO tokens are sold. This will increase the presale price by 25% to $0.25. The best way to keep up-to-date with the presale is to join the Robotera Telegram group . Visit Robotera Presale 5. Calvaria - NFT Card Collectables With Play-to-Earn Rewards Next up on this list of the best cryptos to buy is Calvaria . This project is looking to bring classic battle card games to web 3.0, through the use of blockchain technology and crypto. Calvaria - Duels of Eternity, enables players to explore virtual worlds with the view of collecting battle cards - which are backed by NFTs. In simple terms, this means that players will own the battle cards that they collect. Not only that, but the NFT nature of the battle cards means that they can be bought, sold, and even traded via the blockchain protocol. The Calvaria digital ecosystem will be home to various worlds, each of which has its own characters and tasks. The standout feature of Calvaria is that it will follow the play-to-earn concept. And as such, players will not only be able to enjoy a fully-immersive battle card experience but earn crypto rewards too. The native crypto token of the Calvaria ecosystem is RIA. This digital currency will enable players to win rewards via battle card games and duals. RIA can also be purchased from an investment perspective, considering that the token is still in its early presale stages. With that said, investors will need to hurry to get their hands on RAI during the presale, as the campaign is already in stage five. This means that for every $1, stage five investors will get 30.77 RAI. So far, Calvaria has already raised $2.7 million. Visit Calvaria Presale 6. Lucky Block - Global Crypto Casino and Sportsbook With a Utility Native Token Lucky Block is one of the best cryptos for 2023, especially when it comes to investing at a significant discount. Before we get to pricing action, let’s explore what Lucky Block offers. In a nutshell, Lucky Block has designed and launched its own native gambling site. This not only includes thousands of casino games - such as blackjack roulette, and slots - but a sportsbook too. Lucky Block has already attracted thousands of players and it’s clear to see why. For example, players can gamble Bitcoin and plenty of other cryptocurrencies without needing to provide Lucky Block with any personal information. In addition to anonymous betting accounts, Lucky Block offers instantly-processed withdrawals. The underlying digital currency that backs the Lucky Block ecosystem is LBLOCK. When LBLOCK completed its 2022 presale, it became the fastest token to surpass a market capitalization of $1 billion. With that said, Lucky Block has not been immune to the broader and prolonged crypto bear market. As a result, the value of LBLOCK has declined by over 80% when compared to its former all-time high. Considering that LBLOCK will eventually be supported by the Lucky Block casino and sportsbook for the purpose of depositing, wagering, and withdrawing funds - this ensures that the token has real-world utility. Therefore, at current pricing levels, LBLOCK is one of the best crypto coins to buy. Visit Lucky Block 7. Tamadoge - Enter the Tamaverse to Breed and Battle Virtual Pets for Rewards Tamadoge is behind one of the best crypto presales of 2022. The project raised its hard cap total of over $19 million in record time, and TAMA - the underlying digital token, is now listed at a wave of reputable exchanges. This includes Gate.io, OKX, BitMart, and many others. The main concept with Tamadoge is that it is building a virtual gaming world that will support play-to-earn rewards. The initial step for players to take is to create a virtual pet via the Ethereum blockchain, which will be backed by an NFT. Each virtual pet is unique from the next. This means that some pets will have greater capabilities than others. Nonetheless, all pets will have the capacity to be trained before finally entering battles. Tamadoge battles are where players can earn TAMA tokens. Players will also be able to breed their Tamadoge pets. This will create a new, unique pet that can also enter battles. The strengths and weaknesses of a newly bred Tamadoge pet will ultimately depend on its parents. In other words, if two rare pets are bred, this will likely create an even more powerful Tamadoge. We also like that Tamadoge is building its own metaverse - the Tamaverse. This will host immersive experiences through augmented reality and other emerging technologies. Tamadoge is yet another quality project that has been hit hard by the prolonged bear market. As a result, TAMA tokens can be purchased at a huge discount. Visit Tamadoge 8. Bitcoin - Top cryptocurrency to Invest in for Long-Term Wealth Those looking for the highest gains might prefer investing in crypto presales - such as MEMAG, Fight Out, and C+Charge. However, all investment portfolios need some stability to reduce the exposure to risk, which is where Bitcoin fits nicely. Bitcoin is the de-facto cryptocurrency with the largest market capitalization and the greatest mass awareness. Bitcoin has dropped more than 75% since hitting all-time highs of $69,000 in November 2021. As such, when buying Bitcoin at current pricing levels of around $17,000, this offers an unprecedented upside of over 300% - should the digital currency regain its former all-time high in the near future. 9. Dogecoin - Leading Meme Coin With Huge Online Following Discount hunters looking to buy top digital assets on the cheap might also consider Dogecoin as the best cryptocurrency to invest in 2023. In terms of its price action, Dogecoin hit highs of $0.74 in 2021 - affording the meme coin a sizable market capitalization in the tens of billions of dollars. However, Dogecoin - like other established cryptocurrencies, has since dropped by sizable levels. In fact, based on prices of $0.07 per token as of writing, Dogecoin is trading at a discount of over 90%. It is important to stress that Dogecoin has one of the largest token holdings in the crypto space and as such, its community continues to grow. Not to mention the prospect of Twitter potentially accepting Dogecoin as a means of payment for its Blue premium subscription. 10. Ethereum - Solid Smart Contract Platform and the Home of dApps The final project to consider on this list of the best crypto to buy right now is Ethereum. Ethereum has retained its position as the second-largest crypto project by market capitalization for many years. It is the primary smart contract blockchain in this space and thus - is utilized by thousands of other crypto tokens. Moreover, Ethereum hosts the world’s largest metaverse projects - including the Sandbox and Decentraland. With that said, just like the aforementioned Bitcoin and Dogecoin, Ethereum’s valuation has been hit hard by the prolonged crypto winter. On the flip side, based on prices as of writing, this means that investors can buy Ethereum at a 70% discount when compared to its former peak of $4,900. Conclusion: What is the Best Crypto to Buy Now? In summary, this guide has revealed the 10 best cryptocurrency to invest in 2023 for long-term growth. By discussing a range of different projects with various objectives and goals, this ensures that investors can diversify and thus - mitigate their exposure. Overall, however, we would argue that MEMAG is one of the best cryptos for 2023. This play-and-earn project is currently offering its MEMAG token at presale prices. In fact, while stage one of the presale remains in place, investors can get a 40% discount. This is compared to stage two prices of the presale - which is approaching fast. Visit MEMAG Presale Contact Details Johan [email protected] View source version on newsdirect.com: https://newsdirect.com/news/10-best-cryptocurrency-to-invest-in-2023-top-crypto-to-buy-now-678134547 View comments', 'New York, NY --News Direct-- Finixio Looking for the best crypto to invest in 2023? Considering the current bear market, some crypto enthusiasts argue that there has never been a better time to invest while prices are low before they explode in the next bull run. In this article, we take a look at the 10 best cryptocurrency to watch in the coming months before the next bull market commences. Best Crypto to Buy Now - Top 10 List Based on a variety of factors - such as current pricing action, future potential, roadmap targets, and mass appeal - here’s a list of the 10 best crypto to invest in now for 2023. MEMAG - Overall Best Cryptocurrency to Buy Today for P2E, NFTs and More Fight Out - Move-to-Earn Concept Rewards Users for Exercise C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars Calvaria - NFT Card Collectables With Play-to-Earn Rewards Lucky Block - Global Crypto Casino and Sportsbook With a Utility Native Token Tamadoge - Enter the Tamaverse to Breed and Battle Virtual Pets for Rewards Bitcoin - Top cryptocurrency to Invest in for Long-Term Wealth Dogecoin - Leading Meme Coin With Huge Online Following Ethereum - Solid Smart Contract Platform and the Home of dApps Read on to find our in-depth views of the undervalued crypto projects listed above. 1. MEMAG - Overall Best Cryptocurrency to Invest in Today The overall best crypto to watch right now is Meta Masters Guild (MEMAG) . MEMAG has just commenced its much-anticipated presale campaign, which is expected to sell out in record time. More on the presale shortly. In terms of the project objectives, Meta Masters Guide is looking to revolutionize the play-to-earn gaming space through its own native, blockchain-based ecosystem. This will be powered and backed by its proprietary crypto token. The unique selling point here is that MEMAG will offer decentralized games with real-world rewards specifically for the mobile gaming market. This is one of the fastest-growing segments of the gaming space and MEMAG is primed to be at the forefront of it in the coming years. There will be no limit to the number or even type of mobile games that form part of the Meta Masters Guild ecosystem. Crucially, however, all games will have a play- AND -earn aspect that enables users to earn and accumulate Gems. Those with Gems can convert the rewards to MEMAG tokens. The play-and-earn concept (as opposed to play-to-earn) ensures that the primary focus for players is to enjoy the games they play. This ensures that players are not accessing games simply for making gains - which is unsustainable in the long run. Story continues Instead, the play-and-earn concept in the MEMAG whitepaper states that if users are playing games in their masses, the economic rewards will follow suit. Another important factor of MEMAG games is that players will own all in-game assets. This will be verified and stored on the Ethereum blockchain for safety and transparency. In terms of upcoming games, MEMAG has already released information on confirmed titles. This includes Meta Kart Races - a player-vs-player racing game with in-game rewards. Next up is Raid NFT, which is based on the classic turn-based fighting concept. Meta Masters World is also under development, which will see players explore open worlds while collecting resources. Now onto the presale. As of writing, MEMAG tokens are in stage one of their presale campaign - trading at just $0.007. Once this stage is complete, the presale price will increase to $0.01. This offers an immediate upside of 40% - and this is before the MEMAG token has even completed its first exchange listing. In terms of the specifics, the MEMAG presale accepts ETH and USDT. Those without either of these tokens can buy ETH with a credit card via the presale website (KYC required). The first centralized exchange listing will be completed in Q2 2023. Visit MEMAG Presale 2. Fight Out - Move-to-Earn Concept Rewards Users for Exercise Next up on this analysis of the best crypto to buy right now is Fight Out . This innovative project is bringing crypto and blockchain to the fitness and exercise spaces. The concept is known as move-to-earn and this is expected to grow exponentially in the coming years. As the name suggests, move-to-earn rewards users for ‘moving’. In other words, completed steps through the day via walking, jogging, or running. However, the underlying technology at Fight Out takes the move-to-earn concept to the very next level. For instance, instead of merely tracking steps, the Fight Out app will be able to take into account all forms of exercise. This includes everything from strength and cardio to muscular endurance. What’s more, Fight Out is building its own unique metaverse that enables users from all over the world to earn while they stay fit. Within the Fight Out metaverse, users will be able to enter competitions to increase earning capabilities, not to mention socialize with other like-minded fitness fans. The metaverse will connect to the real-world, insofar that Fight Out will also be building its own chains of gyms. There will also be Fight Out merchandise, which will further promote the brand. In order to gain unfettered access to the Fight Out metaverse and super app, users will need to pay a subscription. All subscription fees are paid in $FGHT tokens. This is the native token of the Fight Out ecosystem - which is built on top of the Ethereum blockchain. The second digital currency that is native to the Fight Out ecosystem is REPS. This is the currency that enables users to earn rewards through workouts, exercise competitions, and more. One of the best things about Fight Out and its advanced, web 3.0 move-to-earn concept is that the project is only just getting started. And as such, those looking to gain exposure to Fight Out can now do so via the ongoing presale campaign. At this moment in time, the Fight Out crypto presale is in stage one. Therefore, at $0.0166, this offers the lowest price point possible. Once $5 million has been raised, the Fight Out crypto presale will increase the price to $0.0333. This means that those buying during stage one of the presale will lock in a huge discount of 50%. As an Ethereum-based, ERC-20 token, Fight Out accepts both ETH and USDT during the presale. Check out the Fight Out whitepaper here. Visit Fight Out Presale 3. C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations One of the best cryptocurrency to buy today from the green and renewables arena is C+Charge . This project is looking to democratize the carbon credit industry via charging stations. To set the scene, carbon credits are permits that enable businesses to emit higher levels of carbon and other harmful gasses into the atmosphere. As such, carbon credits have real-world value. However, in its current form, electric vehicle (EV) owners are not earning carbon credits when charging their model - as should be the case. Instead, the carbon credits are earned by the respective charging station and of course, the maker of the EV. This is where C+Charge comes in. In a nutshell, the project is building a global network of charging stations that will enable EV owners to earn carbon credits every time they charge and drive their cars. This will be in addition to partnerships with leading EV manufacturers and operators. Not only that, but the project is looking to revolutionize payments at charging stations too through its native digital token - C+Charge. This Ethereum-based token will ensure that EV owners are able to earn carbon credits in a transparent and secure way. Another important factor about C+Charge is its reflection program. This will allow C+Charge token holders to earn carbon credits passively. This is because 1% of all C+Charge transactions will be allocated to directly purchasing carbon credits, and distributed to token holders accordingly. Although C+Charge is a new and growing project, it has already formed partnerships with a range of notable stakeholders. This includes Chain Labs, CLS Global, Flowcarbon, Phihong, and many others. Those that view C+Charge as the best crypto to invest in 2023 will be pleased to know that the token is currently engaged in its presale launch. Not only that, but as the presale is in stage one, early investors can take advantage of a discounted price of $0.013 per CCHG token. Once stage two kicks in, the price will increase to $0.0165 per CCHG. For stage one investors, this means an immediate upside of 26%. The first CEX listing of C+Charge will go live on March 31st, 2022. Check out the C+Charge whitepaper for more information on this project. Visit C+Charge Presale 4. Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars One of the best cryptocurrency to invest in 2023 for proponents of the metaverse may wish to explore Robotera . This project is not only building its own, unique metaverse - but the ecosystem is themed around robots. Each virtual robot will be completely unique and personalized to the user. The overarching concept is that players will use their virtual robot to acquire resources throughout the limitless Robotera metaverse. This includes the ability to buy virtual plots of land. The concept of real estate in the metaverse is growing at a rapid pace, which is why Robotera could be the best cryptocurrency to buy now. After buying land, players will be able to build on it however they see fit. There are no boundaries in the Robotera metaverse, meaning players can build everything from a condo or hotel to a stadium. Moreover, the Robotera metaverse enables players to monetize their virtual land and real estate projects. As a simplistic example, players can rent out rooms in their custom-built hotel. Crucially, all virtual plots of land and in-game assets are backed by NFTs. This ensures that players have the opportunity to sell or trade their virtual items at any given time. The long-term theory is that as Robotera becomes more popular, the value of virtual plots of land will follow suit. The Robotera metaverse will also be a fun and enjoyable space to engage with people from all over the world. This will include the ability to play decentralized games which, once again, enables players to earn rewards. The in-game digital currency backing and powering the Robotera metaverse is TARO. This token will be used to buy, sell, and trade virtual items on a peer-to-peer basis. As of writing, Robotera is in stage one of its presale. This prices the TARO token at $0.20. The presale will move into stage two after 90 million TARO tokens are sold. This will increase the presale price by 25% to $0.25. The best way to keep up-to-date with the presale is to join the Robotera Telegram group . Visit Robotera Presale 5. Calvaria - NFT Card Collectables With Play-to-Earn Rewards Next up on this list of the best cryptos to buy is Calvaria . This project is looking to bring classic battle card games to web 3.0, through the use of blockchain technology and crypto. Calvaria - Duels of Eternity, enables players to explore virtual worlds with the view of collecting battle cards - which are backed by NFTs. In simple terms, this means that players will own the battle cards that they collect. Not only that, but the NFT nature of the battle cards means that they can be bought, sold, and even traded via the blockchain protocol. The Calvaria digital ecosystem will be home to various worlds, each of which has its own characters and tasks. The standout feature of Calvaria is that it will follow the play-to-earn concept. And as such, players will not only be able to enjoy a fully-immersive battle card experience but earn crypto rewards too. The native crypto token of the Calvaria ecosystem is RIA. This digital currency will enable players to win rewards via battle card games and duals. RIA can also be purchased from an investment perspective, considering that the token is still in its early presale stages. With that said, investors will need to hurry to get their hands on RAI during the presale, as the campaign is already in stage five. This means that for every $1, stage five investors will get 30.77 RAI. So far, Calvaria has already raised $2.7 million. Visit Calvaria Presale 6. Lucky Block - Global Crypto Casino and Sportsbook With a Utility Native Token Lucky Block is one of the best cryptos for 2023, especially when it comes to investing at a significant discount. Before we get to pricing action, let’s explore what Lucky Block offers. In a nutshell, Lucky Block has designed and launched its own native gambling site. This not only includes thousands of casino games - such as blackjack roulette, and slots - but a sportsbook too. Lucky Block has already attracted thousands of players and it’s clear to see why. For example, players can gamble Bitcoin and plenty of other cryptocurrencies without needing to provide Lucky Block with any personal information. In addition to anonymous betting accounts, Lucky Block offers instantly-processed withdrawals. The underlying digital currency that backs the Lucky Block ecosystem is LBLOCK. When LBLOCK completed its 2022 presale, it became the fastest token to surpass a market capitalization of $1 billion. With that said, Lucky Block has not been immune to the broader and prolonged crypto bear market. As a result, the value of LBLOCK has declined by over 80% when compared to its former all-time high. Considering that LBLOCK will eventually be supported by the Lucky Block casino and sportsbook for the purpose of depositing, wagering, and withdrawing funds - this ensures that the token has real-world utility. Therefore, at current pricing levels, LBLOCK is one of the best crypto coins to buy. Visit Lucky Block 7. Tamadoge - Enter the Tamaverse to Breed and Battle Virtual Pets for Rewards Tamadoge is behind one of the best crypto presales of 2022. The project raised its hard cap total of over $19 million in record time, and TAMA - the underlying digital token, is now listed at a wave of reputable exchanges. This includes Gate.io, OKX, BitMart, and many others. The main concept with Tamadoge is that it is building a virtual gaming world that will support play-to-earn rewards. The initial step for players to take is to create a virtual pet via the Ethereum blockchain, which will be backed by an NFT. Each virtual pet is unique from the next. This means that some pets will have greater capabilities than others. Nonetheless, all pets will have the capacity to be trained before finally entering battles. Tamadoge battles are where players can earn TAMA tokens. Players will also be able to breed their Tamadoge pets. This will create a new, unique pet that can also enter battles. The strengths and weaknesses of a newly bred Tamadoge pet will ultimately depend on its parents. In other words, if two rare pets are bred, this will likely create an even more powerful Tamadoge. We also like that Tamadoge is building its own metaverse - the Tamaverse. This will host immersive experiences through augmented reality and other emerging technologies. Tamadoge is yet another quality project that has been hit hard by the prolonged bear market. As a result, TAMA tokens can be purchased at a huge discount. Visit Tamadoge 8. Bitcoin - Top cryptocurrency to Invest in for Long-Term Wealth Those looking for the highest gains might prefer investing in crypto presales - such as MEMAG, Fight Out, and C+Charge. However, all investment portfolios need some stability to reduce the exposure to risk, which is where Bitcoin fits nicely. Bitcoin is the de-facto cryptocurrency with the largest market capitalization and the greatest mass awareness. Bitcoin has dropped more than 75% since hitting all-time highs of $69,000 in November 2021. As such, when buying Bitcoin at current pricing levels of around $17,000, this offers an unprecedented upside of over 300% - should the digital currency regain its former all-time high in the near future. 9. Dogecoin - Leading Meme Coin With Huge Online Following Discount hunters looking to buy top digital assets on the cheap might also consider Dogecoin as the best cryptocurrency to invest in 2023. In terms of its price action, Dogecoin hit highs of $0.74 in 2021 - affording the meme coin a sizable market capitalization in the tens of billions of dollars. However, Dogecoin - like other established cryptocurrencies, has since dropped by sizable levels. In fact, based on prices of $0.07 per token as of writing, Dogecoin is trading at a discount of over 90%. It is important to stress that Dogecoin has one of the largest token holdings in the crypto space and as such, its community continues to grow. Not to mention the prospect of Twitter potentially accepting Dogecoin as a means of payment for its Blue premium subscription. 10. Ethereum - Solid Smart Contract Platform and the Home of dApps The final project to consider on this list of the best crypto to buy right now is Ethereum. Ethereum has retained its position as the second-largest crypto project by market capitalization for many years. It is the primary smart contract blockchain in this space and thus - is utilized by thousands of other crypto tokens. Moreover, Ethereum hosts the world’s largest metaverse projects - including the Sandbox and Decentraland. With that said, just like the aforementioned Bitcoin and Dogecoin, Ethereum’s valuation has been hit hard by the prolonged crypto winter. On the flip side, based on prices as of writing, this means that investors can buy Ethereum at a 70% discount when compared to its former peak of $4,900. Conclusion: What is the Best Crypto to Buy Now? In summary, this guide has revealed the 10 best cryptocurrency to invest in 2023 for long-term growth. By discussing a range of different projects with various objectives and goals, this ensures that investors can diversify and thus - mitigate their exposure. Overall, however, we would argue that MEMAG is one of the best cryptos for 2023. This play-and-earn project is currently offering its MEMAG token at presale prices. In fact, while stage one of the presale remains in place, investors can get a 40% discount. This is compared to stage two prices of the presale - which is approaching fast. Visit MEMAG Presale Contact Details Johan [email protected] View source version on newsdirect.com: https://newsdirect.com/news/10-best-cryptocurrency-to-invest-in-2023-top-crypto-to-buy-now-678134547 View comments', "New York, NY --News Direct-- Finixio Immediate Connect is a cryptocurrency trading platform that claims to offer seamless trading access to the best cryptos, powerful trading tools, and no fees whatsoever. So, are these claims true? This Immediate Connect review will attempt to answer this by analyzing how this crypto trading platform works. Keep reading to learn more about Immediate Connect’s features, pros and cons, and development team. We will also analyze whether this trading platform is a scam or legit. Immediate Connect Review Summary The table below summarizes some key components of this trading platform, according to the claims on its website. Type of Trading Platform Cryptocurrency Cryptocurrencies Available BTC, ETH, BCH and others Mobile App No Withdrawal Speed 24-hours Minimum Deposit $ 250 Visit Immediate Connect Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Immediate Connect Explained Since the cryptocurrency markets can attract volatile price movements, new and beginner traders often look for platforms that provide tools to help navigate this volatility. Immediate Connect claims to offer a powerful and intuitive trading platform that supports trading for cryptocurrencies such as Bitcoin and Ethereum. According to its website, the platform is available on both desktop and mobile. It even claims to offer access to MetaTrader 4 (MT4), which is regarded as one of the most powerful trading platforms on the market. With apparent access to features like a demo account, investors can apparently test new strategies with virtual funds. On the platform, users can get started after registering an account and entering their details. After making a minimum deposit of $250, the software is made available. Immediate Connect claims to charge no additional fees or commissions for using the trading software. Visit Immediate Connect Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Story continues Pros and Cons of Immediate Connect The sections below discuss some of the pros and cons of the Immediate Connect trading platform, according to the developer’s claims. Pros Cryptocurrency trading Desktop and mobile access MetaTrader 4 Strict security measures Demo account offered No additional fees or commissions Cons Hefty minimum deposit ($250 or more) No guarantees of profit How Does Immediate Connect Work? Immediate Connect claims to leverage analytics and intelligence to make cryptocurrency trades. With little effort required on the user's part, the software apparently scans the trading markets to look for potential price changes. After detecting potential trading signals, Immediate Connect claims to instantly place new trades on behalf of the customer. Investors can learn more about Immediate Connect by checking out the demo account, which offers a platform that mirrors live market conditions. On the demo account, one can begin trading with virtual funds before using real money. Notably, Immediate Connect’s software claims to initiate new trades daily. So, if this claim is true, investors simply need to sign up to the software and deposit to begin trading. Visit Immediate Connect Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Main Features of Immediate Connect The sections below discuss some of the main features of Immediate Connect: Crypto Trading Immediate Connect claims to be a cryptocurrency trading platform that provides access to cryptocurrencies such as Bitcoin and Ethereum. Other cryptos the platform claims to trade include Cardano, IOTA, Binance Coin, XRP, and Litecoin. Powerful Trading Platform Our Immediate Connect review found that, according to its website, this platform offers a powerful and intuitive trading platform that’s available on desktop and mobile. It claims that the platform is easy-to-navigate and allows you to trade cryptocurrencies from anywhere. Immediate Connect also says it provides access to the powerful MetaTrader 4 platform. This is an advanced trading platform that has a wide variety of technical analysis tools that many traders use as their platform of choice. Demo Account The Immediate Connect website states that all users can access a demo trading account. After creating an account and making a minimum deposit, this demo account can be accessed to practice future trading strategies. Mirroring the real trading account, the demo option gives one access to all the tools and charts to practice trading. The only difference is that investors can begin trading with virtual funds. The main purpose of a demo account is to let traders familiarize themselves with the platform without risking any funds. If a trader wishes to, they can switch between the demo account and the actual trading platform at any time. Security Protocols The Immediate Connect platform claims to use military-grade encryption techniques to keep the user's funds safe. Since cryptocurrency markets can be subject to fraudulent activity and scams, protecting the customer's funds is important. The platform also claims to protect its users through SSL (Secure Sockets Layer) encryption. However, some of the claims cannot be verified due to a lack of information on this platform. Visit Immediate Connect Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Immediate Connect: Fees & Charges This Immediate Connect review has found that the crypto trading platform claims to charge no additional fees. After making a minimum deposit on the platform, users get instant access to the trading software. Moreover, there is no monthly subscription or commission that Immediate Connect charges from its members. The table below lists some fees: Trading Fees None Account Fees None Software Cost None Account Fees None Minimum Deposit on Immediate Connect The Immediate Connect platform mentions that investors must pay a minimum deposit of $250 to get started. After registering your account, one can make the minimum deposit and withdraw funds anytime. What Devices is Immediate Connect Available On? The Immediate Connect trading software can be accessed via desktop. While the platform does not offer a trading app, it is available via web-based browsing on iOS and Android devices and claims to offer seamless crypto trading on smartphones. Is Immediate Connect Legit or a Scam? Immediate Connect claims to support crypto trading through a powerful online trading platform. While the platform does not provide a success rate, it claims to provide access to MetaTrader 4 along with multiple security protocols. Moreover, the platform claims to offer a demo account, which may benefit investors looking to practice their strategies with virtual funds. However, we cannot confirm most of these features due to the limited amount of information on the platform. We recommend all readers conduct their own analysis before investing their money into any trading platform. After analyzing other Immediate Connect platform reviews, we found that most of the guides are of the same viewpoint: While Immediate Connect claims to offer crypto trading services, there is a lack of client testimonials or ratings to properly determine the platform’s authenticity. Have Celebrities Used Immediate Connect? Are there any high-profile celebrities that have endorsed or used Immediate Connect? The sections below look at whether rumors of links between the world’s most influential people and this trading platform are true. Does Elon Musk endorse Immediate Connect? One of the world’s wealthiest people, Elon Musk is an influential billionaire who made his fortunes by creating Tesla and SpaceX. The controversial billionaire has been in the news recently for acquiring Twitter - one of the largest social media platforms in the world. His name has also been associated with multiple cryptocurrency projects - as he has stated to have supported coins such as DOGE in the past. With rumors of Musk expecting to roll out crypto-based services via Twitter, many are wondering whether the Twitter CEO has anything to do with Immediate Connect. After researching the matter, we could not find any information linking Musk with this trading platform. Is Jeff Bezos Involved with Immediate Connect? The Founder and Executive Chairman of Amazon, Jeff Bezos, has a net worth of more than $100 billion. In the past, there have been rumors of Bezos rolling out cryptocurrency support via Amazon. People also want to know whether the Amazon Founder has anything to do with this crypto trading platform. This Immediate Connect review could not find any information suggesting Bezos endorsed this platform. Does Martin Lewis use Immediate Connect? Martin Lewis is an English-based financial journalist and broadcaster. He started the website MoneySavingExpert.com. While many are interested in discovering his involvement with Immediate Connect, we found no connections linking Martin Lewis after researching the matter on Reddit and other available websites. Who is the Owner of Immediate Connect? While Immediate Connect claims to offer crypto trading through a powerful online trading platform - there is less information available on this platform. Firstly, we could not find any information on the development team behind this cryptocurrency project. Moreover, the owner of Immediate Connect is currently anonymous - so there is not much available on Immediate Connect’s founders. Consider this if you’re thinking of joining the platform. Immediate Connect Sign Up Process Explained Interested in investing with Immediate Connect? If so, make sure you do your own research on the platform so you’re aware of potential risks. If you do want to try, it out, the section below show you how to do so: Step 1: Create an Account on Immediate Connect To get started, head to the Immediate Connect website and fill in the registration form. All that is required is your full name, email address and phone number. Click on ‘Register’ to finish the process. Visit Immediate Connect Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Step 2: Deposit Funds After the account is created, traders must make a minimum deposit of $250 before accessing the platform. The platform claims to support payment methods such as PayPal, Credit Cards and wire transfers. Immediate Connect also states not to charge additional deposit fees. Step 3: Use the Demo Account While this step is not compulsory, users can access the Immediate Connect demo account to test trading strategies with virtual funds. After doing so, you can switch to the main account anytime. Step 4: Customize your Preferences and Begin Trading After users get access to the trading software, they can select the assets they wish to trade, mention their risk tolerance and choose the trading signals they want to receive. The software will then supposedly work in accordance with the individual’s preferences. What Payment Methods Does Immediate Connect Support? Here is a list of the payment methods Immediate Connect claims to support: Wire transfers Credit Cards PayPal How to Delete Your Immediate Connect Account? Users can delete their accounts by accessing the account closing option from the menu bar. The platform offers a 24/7 customer support team to assist individuals with account-closing queries. Can you Make Money with Immediate Connect? The main feature of Immediate Connect is its trading software which claims to search for trading signals by tracking potential price changes. While the platform states that beginner traders can leverage the software, there is no guarantee of making profits. We could not verify the claims made by Immediate Connect. Investors should use the platform after being aware of all the risks involved. Immediate Connect Customer Support While our Immediate Connect review could not find any ratings on Trustpilot, the platform claims to offer 24/7 customer support. Since new members may need assistance with account openings and general queries, the customer support team can be accessed via live chat and email. Immediate Connect Review Conclusion This Immediate Connect review has analyzed everything from the platform’s features to its legitimacy. The platform claims to offer crypto trading through a powerful platform using its in-built software. Due to the limited information available on Immediate Connect, we were not able to verify all its claims. Users should conduct their own research and analysis before deciding whether this platform is legit or a scam. Visit Immediate Connect Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Immediate Connect FAQs What is Immediate Connect? Imme
**Last 60 Days of Bitcoin's Closing Prices:**
[16353.37, 16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-12
**Financial & Commodity Data:**
- Gold Closing Price: $1895.50
- Crude Oil Closing Price: $78.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $350,891,335,612
- Hash Rate: 255914886.5988972
- Transaction Count: 315980.0
- Unique Addresses: 717816.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.30
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ABBC has recently launched its ABBC Trade portal, allowing users to trade their coins and earn 300% in BUSD rewards. Read more Dubai, UAE, Nov. 24, 2022 (GLOBE NEWSWIRE) -- ABBC Foundation unveiled its latest trading platform ABBC Trade on November 1, 2022. ABBC Trade enables users to earn 300% in BUSD rewards in 365 days, which can be withdrawn every seven days via Aladdin Pro Wallet . Users can trade ABBC coins worth a minimum of 100 BUSD and a maximum of 1000 BUSD per month. Once the users reach a maximum limit, they must wait at least a month before trading additional ABBC coins. The ABBC Trade portal also has an intriguing attribute where users can invite their friends or family to start an account using a referral code. With this referral credit, users can gain 7% BUSD of the invitee’s traded amount as instant referral rewards. Another compelling detail is that the ABBC team is on track to start a Bonanza event every month and one lucky winner with an active ABBC Trade plan can win an exciting bonus. This bonus includes the chance to double the amount traded on the winner’s plan. The ABBC Trade portal also relies on a secure transaction, and users must undergo KYC verification to subscribe to any plan with the trade portal. A scanned copy of the user’s passport or a government-issued photo ID must be submitted together with a selfie holding their passport or photo ID in one hand, and a piece of paper with the current date and “#ABBCCoin” written on the other hand. Aiming to provide the most user-friendly experience, the ABBC Trade platform ensures a fast, efficient, and secure trading portal that allows users to track all the BUSD rewards they have earned. The users can claim these earned rewards immediately at any given time. The ABBC team strives to create an ever-supportive ABBC community with the latest technological advancements and user-attractive projects in the blockchain and crypto realms. Users can receive all the latest updates on ABBC projects by following their social media platforms and Telegram channel. Also, for enquires, ABBC provides a support team at [email protected] . Story continues In related news, Buyaladdin will soon reveal its global launch under the ABBC Foundation. Buyaladdin is a cryptocurrency-based online shopping mall that makes shopping more accessible for crypto-savvy customers. The shopping mall will accept payments in Bitcoin (BTC), Ethereum (ETH), and ABBC coin (ABBC). Specifically, 1 ABBC will be equal to $100 in the Buyaladdin shopping mall. About ABBC Launched in 2017, the ABBC Foundation is a Dubai-based blockchain company. Its native coin, the ABBC Coin, aims to introduce the future of payment security to its users. The ABBC platform affirms seamless crypto transactions for every user. The platform has its own digital wallet service with which users can conduct transactions at their convenience devoid of any privacy issues. Website: https://trade.abbccoin.com Telegram: https://t.me/abbcfoundationofficial CoinmarketCap: https://coinmarketcap.com/currencies/abbc-coin/ Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research. Contact info : Contact name : Suresh Kannan Contact Email : [email protected] Company : ABBC FOUNDATION Location : Dubai, UAE...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['With a stressful year behind us, it’s time to buy undervalued stocks , including the seven bargain financial stocks we’ll discuss today.\xa0Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates. When combined with attractive entry points, these seven bargain financial stocks could help return solid gains. Even better, these financial stocks are all selling at a discount to their book values while offering strong prospects. C Citigroup $49.09 NYCB New York Community Bancorp $9.45 BBVA Banco Bilbao Vizcaya Argentaria $6.85 STC Stewart Information Services $47.03 CIB Bancolombia $29.39 KB KB Financial $45.56 CUBI Customers Bancorp $29.50 Citigroup (C) The logo for Citigroup (C) can be seen on the side of an office building for the company. Source: Willy Barton / Shutterstock.com Citigroup (NYSE: C ) is one of the nation’s largest banks. It has a dominant franchise spanning investment banking, retail operations, and a massive international footprint. Unfortunately, the company also developed a strong reputation for problematic situations. For example, Citigroup once sent $900 million to Revlon creditors in an epic blunder. Meanwhile, the bank should have only sent $7.8 million. However, despite its fair share of gaffes, the stock has become undervalued. So much so, it now trades at about half of its book value, which is well under other U.S. banks. In addition, the stock trades at just 6.7x earnings and pays a dividend yield of 4.2%.\xa0Sure, Citigroup is far from the most efficient or well-run bank in the country. But its operations are strongly profitable and maintain considerable investment appeal. For value investors, Citigroup is a worthy buy at today’s prices. InvestorPlace - Stock Market News, Stock Advice & Trading Tips New York Community Bancorp (NYCB) A customer makes a transaction at a bank Source: Africa Studio / Shutterstock.com New York Community Bancorp (NYSE: NYCB ) is a large regional bank in New York City.\xa0The bank has historically run a unique model focused on lending primarily to multi-family housing landlords. There are relatively few banks that lend against this property type in New York, giving the bank a solid niche with a broad pool of clients. These loans are exceptionally low risk, given the stability and demand for New York apartments. Story continues On the other hand, New York Community Bancorp has delivered meager returns in recent years as the low-risk business simply hasn’t generated enough profits to excite shareholders. However, things appear to be changing. The bank finalized its merger with Flagstar Bancorp, which now expands the firm’s lending operations and brings in a larger amount of low-cost deposits. This should immediately boost the combined bank’s earnings considerably.\xa0Throw in a discount to book value and a mouth-watering 7.2% dividend yield, and NYCB stock is set to rise in 2023. Due to the low-risk nature of its loan book, the bank is also better positioned than most if and when a recession does in fact hit. Banco Bilbao Vizcaya Argentaria (BBVA) hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills Source: shutterstock.com/CC7 Banco Bilbao Vizcaya Argentaria (NYSE: BBVA ), or BBVA for short, is a multinational bank headquartered in Spain. Despite its European roots, BBVA has evolved primarily into an emerging market bank. It generates three-quarters of its profits away from Spain, and close to half from its Mexican operations alone. This has been a favorable development for BBVA as Latin American economies have been more dynamic than European ones recently. European banking shares have had a miserable decade amid low-interest rates, sluggish consumer spending, and minimal GDP growth. Investors may overlook BBVA stock due to being based out of Spain. However, its key franchise in Mexico has much more promising prospects. The Mexican economy has performed well coming out of the pandemic, with it particularly gaining strength in the manufacturing sector. As companies rethink their supply chains, many firms are reducing production in China and increasing activity in Mexico instead, which leads to more lending prospects for BBVA. BBVA stock has rallied sharply over the past few months. Despite that, shares remain cheap. Not only are they at a discount to book value, but they also sell for less than seven times earnings. As if that weren’t enough, BBVA stock also offers a 6.7% dividend yield. Stewart Information Services (STC) miniature home next to pen, pad of paper, calculator and coins on a desk Source: MIND AND I / Shutterstock.com Stewart Information Services (NYSE: STC ) is involved with the attractive title insurance industry.\xa0This form of insurance protects banks and homeowners from any defects in the deed for properties. Unlike most forms of insurance, damages tend to be quite limited compared to premiums, leading to large profits for the insurers. So, why do people buy title insurance? Most banks won’t issue a mortgage for a home unless the buyer purchases title insurance. Thus, Stewart and its peers have a tremendous business, as they get a nice cut of just about every home purchase in America. Right now, the market isn’t so impressed, however. With home prices topping out and new home purchases losing steam, analysts are preparing for a downturn in demand for title insurance along with other housing-related products.\xa0That’s a valid concern. But it’s a short-term issue. The long-term appeal of title insurance remains bright. Meanwhile, STC stock now sells for less than seven times forward earnings and pays a 3.8% dividend yield as well. Bancolombia (CIB) bank customer sliding money to teller at bank desk Source: Syda Productions / Shutterstock.com Bancolombia (NYSE: CIB ) is Colombia’s largest banking firm. It, along with its two chief rivals, controls about 70% of the nation’s banking market. This leads to high-profit margins thanks to limited competition. Bancolombia also controls a sizable banking franchise across Central America. Shares took a hit in the back half of 2022 following Colombia’s election of Gustavo Petro. In theory, this could be a major negative for the bank. However, South American countries have a tendency to swing dramatically between the left and right without causing too much change to underlying business fundamentals. Colombia historically has been pro-business and offered shareholders strong returns. Bancolombia, for its part, has been listed in New York since 1995 and has delivered a total return (including dividends) of more than 600% since its listing in that year.\xa0The current sell-off could be a golden opportunity. Shares now go for just four times forward earnings and are at a significant discount to their traditional price/book value ratio. Meanwhile, Colombia’s economy has been heating up over the past year, as it is a major exporter of crude oil and other commodity products which benefit from inflationary conditions. KB Financial Group (KB) Finger pointing at the word "banking" Source: PopTika/ShutterStock.com KB Financial Group (NYSE: KB ) is South Korea’s leading financial group. It’s more than just a bank. It has invested heavily in other lines of business such as securities and insurance to smooth out operations and reduce its reliance on core banking profits. In addition to its leading position in the South Korean market, KB also operates in numerous other Southeast Asian markets and has recently furthered its footprint with acquisitions in Cambodia and Indonesia. What’s the appeal of a South Korean banking franchise? South Korean equities have been depressed for the past few years. That’s driven by a series of concerns around the Chinese economy, regional geopolitical tensions , and worries around the demand for key South Korean exports.\xa0However, arguably, this is all reflected too heavily in the prices of leading South Korean companies, including KB stock. Shares are now going for less than 5.5 times forward earnings. The stock pays a greater than 6% dividend yield. In addition, the company just announced a new share buyback program as well. Customers Bancorp (CUBI) Image of a grey cityscape with a large corporate building that features the word bank on it Source: Shutterstock Customers Bancorp (NYSE: CUBI ) is a smaller regional bank based out of Pennsylvania, which has\xa0enjoyed tremendous growth over the past few years. The bank’s revenues surged from $288 million in 2019 to $405 million in 2020 and then $735 million in 2021. Customers Bancorp achieved this through an aggressive digital strategy. Customers have launched a banking-as-a-service platform for FinTech and cryptocurrency companies. This is to say that Customers has served as an FDIC-regulated conduit to help provide liquidity to emerging sectors of the economy. Doing business for crypto and FinTech companies has given Customers Bancorp access to a large pool of low-cost deposits which, in turn, can be lent at highly profitable rates. Now, however, any and all banks with a cryptocurrency angle have come under fire . However, this may be overblown. For banks that merely hold cryptocurrency deposits, rather than lending to crypto firms, there should be minimal risk. Regardless, CUBI stock has dropped nearly 60% over the past year, which now puts shares at just four times forward earnings. On the date of publication, Ian Bezek held a long position in CIB and NYCB stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post 7 Bargain Financial Stocks Selling Below Their Book Value appeared first on InvestorPlace .', 'With a stressful year behind us, it’s time to buyundervalued stocks, including the seven bargain financial stocks we’ll discuss today.\xa0Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates. When combined with attractive entry points, these seven bargain financial stocks could help return solid gains. Even better, thesefinancial stocksare all selling at a discount to their book values while offering strong prospects.\n[{"C": "NYCB", "Citigroup": "New York Community Bancorp", "$49.09": "$9.45"}, {"C": "BBVA", "Citigroup": "Banco Bilbao Vizcaya Argentaria", "$49.09": "$6.85"}, {"C": "STC", "Citigroup": "Stewart Information Services", "$49.09": "$47.03"}, {"C": "CIB", "Citigroup": "Bancolombia", "$49.09": "$29.39"}, {"C": "KB", "Citigroup": "KB Financial", "$49.09": "$45.56"}, {"C": "CUBI", "Citigroup": "Customers Bancorp", "$49.09": "$29.50"}]\nSource: Willy Barton / Shutterstock.com\nCitigroup(NYSE:C) is one of the nation’s largest banks. It has a dominant franchise spanning investment banking, retail operations, and a massive international footprint. Unfortunately, the company also developed a strong reputation for problematic situations. For example, Citigroup once sent$900 millionto Revlon creditors in an epic blunder. Meanwhile, the bank should have only sent $7.8 million.\nHowever, despite its fair share of gaffes, the stock has become undervalued. So much so, it now trades at about half of its book value, which is well under other U.S. banks. In addition, the stock trades at just 6.7x earnings and pays a dividend yield of 4.2%.\xa0Sure, Citigroup is far from the most efficient or well-run bank in the country. But its operations are strongly profitable and maintain considerable investment appeal. For value investors, Citigroup is a worthy buy at today’s prices.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Africa Studio / Shutterstock.com\nNew York Community Bancorp(NYSE:NYCB) is a large regional bank in New York City.\xa0The bank has historically run a unique model focused on lending primarily to multi-family housing landlords. There are relatively few banks that lend against this property type in New York, giving the bank a solid niche with a broad pool of clients. These loans are exceptionally low risk, given the stability and demand for New York apartments.\nOn the other hand, New York Community Bancorp has delivered meager returns in recent years as the low-risk business simply hasn’t generated enough profits to excite shareholders. However, things appear to be changing. The bankfinalized its mergerwith Flagstar Bancorp, which now expands the firm’s lending operations and brings in a larger amount of low-cost deposits. This should immediately boost the combined bank’s earnings considerably.\xa0Throw in a discount to book value and a mouth-watering 7.2% dividend yield, and NYCB stock is set to rise in 2023. Due to the low-risk nature of its loan book, the bank is also better positioned than most if and when a recession does in fact hit.\nSource: shutterstock.com/CC7\nBanco Bilbao Vizcaya Argentaria(NYSE:BBVA), or BBVA for short, is a multinational bank headquartered in Spain. Despite its European roots, BBVA has evolved primarily into an emerging market bank. It generates three-quarters of its profits away from Spain, and close to half from its Mexican operations alone.\nThis has been a favorable development for BBVA as Latin American economies have been more dynamic than European ones recently. European banking shares have had a miserable decade amid low-interest rates, sluggish consumer spending, and minimal GDP growth.\nInvestors may overlook BBVA stock due to being based out of Spain. However, its key franchise in Mexico has much more promising prospects. The Mexican economy has performed well coming out of the pandemic, with it particularly gaining strength in the manufacturing sector. As companies rethink their supply chains, many firms are reducing production in China and increasing activity in Mexico instead, which leads to more lending prospects for BBVA.\nBBVA stock has rallied sharply over the past few months. Despite that, shares remain cheap. Not only are they at a discount to book value, but they also sell for less than seven times earnings. As if that weren’t enough, BBVA stock also offers a 6.7% dividend yield.\nSource: MIND AND I / Shutterstock.com\nStewart Information Services(NYSE:STC) is involved with the attractivetitle insuranceindustry.\xa0This form of insurance protects banks and homeowners from any defects in the deed for properties. Unlike most forms of insurance, damages tend to be quite limited compared to premiums, leading to large profits for the insurers. So, why do people buy title insurance? Most banks won’t issue a mortgage for a home unless the buyer purchases title insurance.\nThus, Stewart and its peers have a tremendous business, as they get a nice cut of just about every home purchase in America. Right now, the market isn’t so impressed, however. With home prices topping out and new home purchases losing steam, analysts are preparing for a downturn in demand for title insurance along with other housing-related products.\xa0That’s a valid concern. But it’s a short-term issue. The long-term appeal of title insurance remains bright. Meanwhile, STC stock now sells for less than seven times forward earnings and pays a 3.8% dividend yield as well.\nSource: Syda Productions / Shutterstock.com\nBancolombia(NYSE:CIB) is Colombia’s largest banking firm. It, along with its two chief rivals, controls about 70% of the nation’s banking market. This leads to high-profit margins thanks to limited competition. Bancolombia also controls a sizable banking franchise across Central America.\nShares took a hit in the back half of 2022 followingColombia’s electionof Gustavo Petro. In theory, this could be a major negative for the bank. However, South American countries have a tendency to swing dramatically between the left and right without causing too much change to underlying business fundamentals.\nColombia historically has been pro-business and offered shareholders strong returns. Bancolombia, for its part, has been listed in New York since 1995 and has delivered a total return (including dividends) of more than 600% since its listing in that year.\xa0The current sell-off could be a golden opportunity. Shares now go for just four times forward earnings and are at a significant discount to their traditional price/book value ratio. Meanwhile, Colombia’s economy has beenheating upover the past year, as it is a major exporter of crude oil and other commodity products which benefit from inflationary conditions.\nSource: PopTika/ShutterStock.com\nKB Financial Group(NYSE:KB) is South Korea’s leading financial group. It’s more than just a bank. It has invested heavily in other lines of business such as securities and insurance to smooth out operations and reduce its reliance on core banking profits. In addition to its leading position in the South Korean market, KB also operates in numerous other Southeast Asian markets and has recently furthered its footprint with acquisitions in Cambodia and Indonesia.\nWhat’s the appeal of a South Korean banking franchise? South Korean equities have been depressed for the past few years. That’s driven by a series of concerns around the Chinese economy, regionalgeopolitical tensions, and worries around the demand for key South Korean exports.\xa0However, arguably, this is all reflected too heavily in the prices of leading South Korean companies, including KB stock. Shares are now going for less than 5.5 times forward earnings. The stock pays a greater than 6% dividend yield. In addition, the company just announced a new share buyback program as well.\nSource: Shutterstock\nCustomers Bancorp(NYSE:CUBI) is a smaller regional bank based out of Pennsylvania, which has\xa0enjoyed tremendous growth over the past few years. The bank’s revenues surged from $288 million in 2019 to $405 million in 2020 and then $735 million in 2021.\nCustomers Bancorp achieved this through an aggressive digital strategy. Customers have launched a banking-as-a-service platform for FinTech and cryptocurrency companies. This is to say that Customers has served as an FDIC-regulated conduit to help provide liquidity to emerging sectors of the economy. Doing business for crypto and FinTech companies has given Customers Bancorp access to a large pool of low-cost deposits which, in turn, can be lent at highly profitable rates.\nNow, however, any and all banks with a cryptocurrency angle have comeunder fire. However, this may be overblown. For banks that merely hold cryptocurrency deposits, rather than lending to crypto firms, there should be minimal risk. Regardless, CUBI stock has dropped nearly 60% over the past year, which now puts shares at just four times forward earnings.\nOn the date of publication, Ian Bezek held a long position in CIB and NYCB stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nIan Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post7 Bargain Financial Stocks Selling Below Their Book Valueappeared first onInvestorPlace.', "As Bitcoin enthusiasts continue to celebrate the 14th anniversary of the genesis block, the number one cryptocurrency's price spiked to nearly $19,000 per coin on Thursday, according toCoinGecko, a level not seen since November 8, 2022 when the market recoiled from theearly impact of FTX's liquidity crisis.\nThe total market capitalization for the overall crypto marketplace stands at $943 million, up 5.1% in the last 24 hours.\nBTC started 2023 trading at around $16,550, and recent developments in the broader financial market appear to have positively impacted the price as fears of a recession begin to fade after the Federal Reserve released its December Consumer Price Index (CPI) report.\nThe CPI report measures the rate of change in the price of various goods and services in the United States and is used as a critical indicator for gauging inflation.\nMiss Universe El Salvador Walks the Stage Holding Giant Bitcoin Staff\nWhile a better—or at least less dire—economic forecast is likely driving the upward trend forBitcoin, some also point to El Salvador's recent moves to establishdigital asset lawsand make way for its so-called Volcano Bond. The Latin American country would use these Bitcoin-backed bonds to pay its debts and fund its future Bitcoin City.\nIn March 2022, El Salvador put the bonds onholdas a harsh crypto winter began setting in, taking down several prominent entities, including TerraLuna, Celsius, Voyager Digital, and FTX.\nCalming recession fears have also been good for other cryptocurrencies.Ethereum, the number one proof-of-stake blockchain, trading at $1,425.27, was up 6.2% on Thursday, but ultimately closed the day down 0.2%, trading at $1408.40, according toCoinGecko.\nSo while the crypto winter continues to batter the industry, there may be a glimmer of thawing light at the end of the tunnel.\nEditor's note: This article was updated after publication to correct a reference to when Bitcoin was last valued at $19,000.", "As Bitcoin enthusiasts continue to celebrate the 14th anniversary of the genesis block, the number one cryptocurrency's price spiked to nearly $19,000 per coin on Thursday, according toCoinGecko, a level not seen since November 8, 2022 when the market recoiled from theearly impact of FTX's liquidity crisis.\nThe total market capitalization for the overall crypto marketplace stands at $943 million, up 5.1% in the last 24 hours.\nBTC started 2023 trading at around $16,550, and recent developments in the broader financial market appear to have positively impacted the price as fears of a recession begin to fade after the Federal Reserve released its December Consumer Price Index (CPI) report.\nThe CPI report measures the rate of change in the price of various goods and services in the United States and is used as a critical indicator for gauging inflation.\nMiss Universe El Salvador Walks the Stage Holding Giant Bitcoin Staff\nWhile a better—or at least less dire—economic forecast is likely driving the upward trend forBitcoin, some also point to El Salvador's recent moves to establishdigital asset lawsand make way for its so-called Volcano Bond. The Latin American country would use these Bitcoin-backed bonds to pay its debts and fund its future Bitcoin City.\nIn March 2022, El Salvador put the bonds onholdas a harsh crypto winter began setting in, taking down several prominent entities, including TerraLuna, Celsius, Voyager Digital, and FTX.\nCalming recession fears have also been good for other cryptocurrencies.Ethereum, the number one proof-of-stake blockchain, trading at $1,425.27, was up 6.2% on Thursday, but ultimately closed the day down 0.2%, trading at $1408.40, according toCoinGecko.\nSo while the crypto winter continues to batter the industry, there may be a glimmer of thawing light at the end of the tunnel.\nEditor's note: This article was updated after publication to correct a reference to when Bitcoin was last valued at $19,000.", 'Bitcoin and Ether prices jumped in Friday morning trading in Asia after the December U.S. Consumer Price Index (CPI) released overnight rose 6.5% year-on-year, which was in line with expectations and lower than inflation readings in previous months. All other top 10 non-stablecoin cryptocurrencies rose. See related article: How DeFi can overcome the stench of shitcoins and ponzinomics Fast facts Bitcoin surged 5.23% to US$18,868 in the 24 hours to 8 a.m. in Hong Kong, a 12% gain over the past calendar week and the highest since Nov. 9. Ether rose 3.84% to US$1,418 to post a gain of 13.5% for the week, according to CoinMarketCap data . Among the top 10 crypto by market capitalization, Cardano added 2.67% to US$0.33, bringing its gain for the week to 22.6%. Dogecoin rose 3.11% to US$0.08, up 12.2% on the week. The total crypto market capitalization increased 4.78% to US$906.87 billion, while trading volume surged 91.6% to US$66.17 billion. December’s CPI reading fell from the 7.1% recorded in November for the largest monthly decline in the inflation indicator since April 2020, which raised expectations the Federal Reserve may now ease back a policy of raising interest rates. “The data confirms that inflation is finally being tamed, which means there’s a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the world’s largest economy,” Nigel Green, chief executive of investment advisor deVere Group, said in an email to Forkast . Last month, the Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. It had raised rates by 75 basis-points for the prior four consecutive meetings to curb inflation. Fed Chair Jerome Powell has warned of more rate increases in 2023, with the next Federal Reserve meeting to be held from Jan. 31 to Feb. 1. U.S. equities finished higher on Thursday. The Dow Jones Industrial Average added 0.64%, the S&P 500 Index rose 0.34% and the Nasdaq Composite Index gained 0.64%. See related article: NFT December sales surge to highest since June amid ‘tax-loss harvesting’', 'Bitcoin and Ether prices jumped in Friday morning trading in Asia after the December U.S. Consumer Price Index (CPI) released overnight rose 6.5% year-on-year, which was in line with expectations and lower than inflation readings in previous months. All other top 10 non-stablecoin cryptocurrencies rose.\nSee related article:How DeFi can overcome the stench of shitcoins and ponzinomics\n• Bitcoin surged 5.23% to US$18,868 in the 24 hours to 8 a.m. in Hong Kong, a 12% gain over the past calendar week and the highest since Nov. 9.\n• Ether rose 3.84% to US$1,418 to post a gain of 13.5% for the week, according toCoinMarketCap data.\n• Among the top 10 crypto by market capitalization, Cardano added 2.67% to US$0.33, bringing its gain for the week to 22.6%. Dogecoin rose 3.11% to US$0.08, up 12.2% on the week.\n• The total crypto market capitalization increased 4.78% to US$906.87 billion, while trading volume surged 91.6% to US$66.17 billion.\n• December’s CPI reading fell from the 7.1% recorded in November for the largest monthly decline in the inflation indicator since April 2020, which raised expectations the Federal Reserve may now ease back a policy of raising interest rates.\n• “The data confirms that inflation is finally being tamed, which means there’s a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the world’s largest economy,” Nigel Green, chief executive of investment advisor deVere Group, said in an email toForkast.\n• Last month, the Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. It had raised rates by 75 basis-points for the prior four consecutive meetings to curb inflation. Fed Chair Jerome Powell has warned of more rate increases in 2023, with the next Federal Reserve meeting to be held from Jan. 31 to Feb. 1.\n• U.S. equities finished higher on Thursday. The Dow Jones Industrial Average added 0.64%, the S&P 500 Index rose 0.34% and the Nasdaq Composite Index gained 0.64%.\nSee related article:NFT December sales surge to highest since June amid ‘tax-loss harvesting’', 'Bitcoin and Ether prices jumped in Friday morning trading in Asia after the December U.S. Consumer Price Index (CPI) released overnight rose 6.5% year-on-year, which was in line with expectations and lower than inflation readings in previous months. All other top 10 non-stablecoin cryptocurrencies rose.\nSee related article:How DeFi can overcome the stench of shitcoins and ponzinomics\n• Bitcoin surged 5.23% to US$18,868 in the 24 hours to 8 a.m. in Hong Kong, a 12% gain over the past calendar week and the highest since Nov. 9.\n• Ether rose 3.84% to US$1,418 to post a gain of 13.5% for the week, according toCoinMarketCap data.\n• Among the top 10 crypto by market capitalization, Cardano added 2.67% to US$0.33, bringing its gain for the week to 22.6%. Dogecoin rose 3.11% to US$0.08, up 12.2% on the week.\n• The total crypto market capitalization increased 4.78% to US$906.87 billion, while trading volume surged 91.6% to US$66.17 billion.\n• December’s CPI reading fell from the 7.1% recorded in November for the largest monthly decline in the inflation indicator since April 2020, which raised expectations the Federal Reserve may now ease back a policy of raising interest rates.\n• “The data confirms that inflation is finally being tamed, which means there’s a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the world’s largest economy,” Nigel Green, chief executive of investment advisor deVere Group, said in an email toForkast.\n• Last month, the Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. It had raised rates by 75 basis-points for the prior four consecutive meetings to curb inflation. Fed Chair Jerome Powell has warned of more rate increases in 2023, with the next Federal Reserve meeting to be held from Jan. 31 to Feb. 1.\n• U.S. equities finished higher on Thursday. The Dow Jones Industrial Average added 0.64%, the S&P 500 Index rose 0.34% and the Nasdaq Composite Index gained 0.64%.\nSee related article:NFT December sales surge to highest since June amid ‘tax-loss harvesting’', 'Good morning. Here’s what’s happening: Prices: Bitcoin ( BTC ) posted its biggest one-day return in two months, shooting up 5% to surpass the $19,000 level . Insights: Security firms such as OpenZeppelin say blockchain bridges can benefit from security features built during the ongoing bear market can help prevent the huge attacks of 2022. Prices CoinDesk Market Index (CMI) 926 +35.3 ▲ 4.0% Bitcoin (BTC) $18,872 +1007.2 ▲ 5.6% Ethereum (ETH) $1,417 +32.7 ▲ 2.4% S&P 500 3,983.17 +13.6 ▲ 0.3% Gold $1,899 +24.8 ▲ 1.3% Nikkei 225 26,449.82 +3.8 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) This week’s suddenly energetic crypto markets got an extra jolt Thursday from the U.S. government’s latest consumer price index (CPI) reading for December, showing a slowing pace of price rises to 6.5% on an annual basis. Many crypto traders and traditional economists took the report as a sign that the Federal Reserve can soon declare victory in its campaign to bring down inflation, which means risky assets won\'t have to face stiff monetary-policy tightening pressure for much longer. Bitcoin ( BTC ) posted its biggest one-day return in two months, shooting up 5% to surpass the $19,000 level that the largest cryptocurrency hadn\'t seen since the market tremors first started to appear in the moments when Sam Bankman-Fried\'s FTX exchange and crypto empire first started to unravel. "If we can take out that $19K level, then we are definitely en route for $21K," Julius de Kempenaer, senior technical analyst at StockCharts.com , told CoinDesk TV\'s " All About Bitcoin " show. CoinDesk markets analyst Glenn Williams Jr. took a deep dive into the inflation figures and argues it might be too soon to get excited about a Fed pivot . Traders in fixed-income markets are pricing in expectations of a 0.25 percentage point hike at the Fed\'s next meeting – a slowdown from the recent pace. Fed officials assert that while the pace of hiking may slow, the campaign itself isn\'t on the verge of ending anytime soon – with many more hikes to come. "The market does not believe that," Joe Orsini, vice president of research for Eaglebrook Advisors, told CoinDesk TV. Story continues Dexterity Capital\'s Michael Safai said in emailed remarks that, this week\'s rally notwithstanding, the lingering malaise from last year\'s crypto-industry meltdown is just too much to shrug off, just yet. In fact, late Thursday, the U.S. Securities and Exchange Commission alleged in a lawsuit that the crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities – adding to the drama and speculation over the future of Digital Currency Group (which also owns CoinDesk). "We still have a couple of big shakeouts left in crypto, with some bankruptcy messes that have to be sorted and other firms still fighting to stay solvent," Safai said. "This will have a bigger impact on prices over the next couple of months.” Insights Crypto Bridges Had a Horrid 2022, But Security Firms Say This Year Doesn’t Have to Be as Bad By Shaurya Malwa A key part of the crypto ecosystem has received harsh criticism over the past several months because of its importance and yet fragile architecture, which led to an estimated $2 billion in losses in 2022. Bridges, or blockchain-based tools that connect different networks, are essential for the movement of liquidity in the crypto ecosystem. Bridges allow users to transfer tokens and other digital assets, such as non-fungible tokens (NFT), between various chains – solving what was previously a difficult problem. Bridges allow users to port assets across different blockchains, solving one of the main pain points – a lack of interoperability among the chains. And since blockchain assets are often not compatible with one another, bridges create synthetic derivatives that represent an asset from another blockchain. This is where the potential for an exploit lies. Last year, February saw Wormhole’s $375 million exploit, followed by a $625 million exploit of Ronin Bridge the next month. Then in August, Nomad Bridge was attacked for $190 million. However, security firms such as OpenZeppelin say bridges aren’t inherently susceptible to attacks and that security features built during the ongoing bear market make for an opportune time for developers to reinforce features. “Cross-chain bridges need to maintain access to a large reserve of funds to underwrite the coins they wrap and transfer, so this makes them a prime target for attackers,” Michael Lewellen, head of solutions architecture at OpenZeppelin, told CoinDesk in a recent chat. He added that while bridges may always remain a target for hackers, the usage of continuous security monitoring would make them less vulnerable. “Most bridges are inherently centralized in key areas so they have a lot of power available to respond to and contain attacks, but only if they do so quickly,” Lewellen said. Among Lewellen’s solutions are the use of real-time security and monitoring features that kick in as soon as an exploit is detected. This may mean deploying smart contracts that block the transfer of funds over a bridge, or even lock the funds on the bridge itself, could they be flagged as a breach. Such an approach may be more beneficial compared to relying on audits, a newly formed crypto industry where developers try to attack protocols to locate flaws apart from proof-reading one’s code. “Pre-launch audits of the code underpinning liquidity pools have proved to be insufficient in anticipating the likelihood of their falling prey to security failures,” Lewellen said. “For developers to maintain the security of their protocols, real-time security practices need to be sustained after launch to keep them alert to how their protocols are operating under real-world usage.” Such steps would still not keep all attackers at bay, Lewellen warns. “Many attackers will use both technical exploits and malicious trading practices to seize funds in unexpected ways,” he said. As of the time of this writing, there’s still over $6 billion locked on blockchain bridges, data from DeFiLlama shows. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Europe\'s Industrial Production s.a. (MoM/Nov) 2:00 p.m. HKT/SGT(6:00 UTC) Michigan Consumer Sentiment Index (Jan) 8:00 p.m. HKT/SGT(12:00 UTC) New Zealand ANZ - Roy Morgan Consumer Confidence (Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Breaks Above $18K as US Inflation Rate Slows to 6.5% in December; Crypto Layoffs Continue The consumer price index (CPI) slipped 0.1% in December, roughly inline with expectations for a flat reading. On an annualized basis, the CPI was higher by 6.5%, inline with expectations and down from 7.1% a month earlier. Eaglebrook Advisors Vice President of Research Joe Orsini weighed in. Plus, Blockchain.com said it\'s letting go of 28% of its workforce, or about 110 employees. And, Rep. Jim Himes (D-Conn.) shared his outlook on the future of U.S. crypto regulation. Headlines SEC Alleges Gemini, Genesis Sold Unregistered Securities: Gemini and Genesis were engaged in a public spat after Genesis suspended withdrawals last year. Polygon’s Blockchain to Undergo Hard Fork: The software upgrade scheduled for Jan. 17 will address gas spikes and chain reorganization. US House Republicans to Set Up Crypto Committee to Oversee Shaky Industry, Report: The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.) Sam Bankman-Fried Blogs Like a Crypto Robin Hood, but in Court He\'s Not So Charitable: The FTX founder’s claimed largesse about giving his funds away contrasts with a legal battle to keep control of $450 million in shares – that were paid for a loan from Bankman-Fried’s Alameda Research Sam Bankman-Fried Denies Stealing FTX Funds in New Online Post: The former FTX CEO blamed the exchange\'s collapse on the crypto market meltdown, Alameda’s poor hedging and a "targeted attack" by Binance.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin (BTC) posted its biggest one-day return in two months,shooting up 5% to surpass the $19,000 level.\nInsights:Security firms such as OpenZeppelin say blockchain bridges can benefit from security features built during the ongoing bear market can help prevent the huge attacks of 2022.\nCoinDesk Market Index (CMI)\n926\n+35.3▲4.0%\nBitcoin (BTC)\n$18,872\n+1007.2▲5.6%\nEthereum (ETH)\n$1,417\n+32.7▲2.4%\nS&P 500\n3,983.17\n+13.6▲0.3%\nGold\n$1,899\n+24.8▲1.3%\nNikkei 225\n26,449.82\n+3.8▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nThis week’s suddenly energetic crypto markets got an extra jolt Thursday from the U.S. government’s latestconsumer price index (CPI)reading for December, showing a slowing pace of price rises to 6.5% on an annual basis. Many crypto traders and traditional economists took the report as a sign that the Federal Reserve can soon declare victory in its campaign to bring down inflation, which means risky assets won\'t have to face stiff monetary-policy tightening pressure for much longer.\nBitcoin (BTC) posted its biggest one-day return in two months,shooting up 5% to surpass the $19,000 levelthat the largest cryptocurrency hadn\'t seen since the market tremors first started to appear in the moments when Sam Bankman-Fried\'s FTX exchange and crypto empire first started to unravel.\n"If we can take out that $19K level, then we are definitely en route for $21K," Julius de Kempenaer, senior technical analyst atStockCharts.com, told CoinDesk TV\'s "All About Bitcoin" show.\nCoinDesk markets analyst Glenn Williams Jr. took a deep dive into the inflation figures and argues it might betoo soon to get excited about a Fed pivot. Traders in fixed-income markets are pricing in expectations of a 0.25 percentage point hike at the Fed\'s next meeting – a slowdown from the recent pace. Fed officials assert that while the pace of hiking may slow, the campaign itself isn\'t on the verge of ending anytime soon – with many more hikes to come. "The market does not believe that," Joe Orsini, vice president of research for Eaglebrook Advisors, told CoinDesk TV.\nDexterity Capital\'s Michael Safai said in emailed remarks that, this week\'s rally notwithstanding, the lingering malaise from last year\'s crypto-industry meltdown is just too much to shrug off, just yet. In fact, late Thursday, the U.S. Securities and Exchange Commissionalleged in a lawsuitthat the crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities – adding to the drama and speculation over the future of Digital Currency Group (which also owns CoinDesk).\n"We still have a couple of big shakeouts left in crypto, with some bankruptcy messes that have to be sorted and other firms still fighting to stay solvent," Safai said. "This will have a bigger impact on prices over the next couple of months.”\nCrypto Bridges Had a Horrid 2022, But Security Firms Say This Year Doesn’t Have to Be as Bad\nBy Shaurya Malwa\nA key part of the crypto ecosystem has received harsh criticism over the past several months because of its importance and yet fragile architecture, which led to an estimated $2 billion in losses in 2022.\nBridges, or blockchain-based tools that connect different networks, are essential for the movement of liquidity in the crypto ecosystem. Bridges allow users to transfer tokens and other digital assets, such as non-fungible tokens (NFT), between various chains – solving what was previously a difficult problem.\nBridges allow users to port assets across different blockchains, solving one of the main pain points – a lack of interoperability among the chains. And since blockchain assets are often not compatible with one another, bridges create synthetic derivatives that represent an asset from another blockchain.\nThis is where the potential for an exploit lies. Last year, February saw Wormhole’s $375 million exploit, followed by a $625 million exploit of Ronin Bridge the next month. Then in August, Nomad Bridge was attacked for $190 million.\nHowever, security firms such as OpenZeppelin say bridges aren’t inherently susceptible to attacks and that security features built during the ongoing bear market make for an opportune time for developers to reinforce features.\n“Cross-chain bridges need to maintain access to a large reserve of funds to underwrite the coins they wrap and transfer, so this makes them a prime target for attackers,” Michael Lewellen, head of solutions architecture at OpenZeppelin, told CoinDesk in a recent chat.\nHe added that while bridges may always remain a target for hackers, the usage of continuous security monitoring would make them less vulnerable. “Most bridges are inherently centralized in key areas so they have a lot of power available to respond to and contain attacks, but only if they do so quickly,” Lewellen said.\nAmong Lewellen’s solutions are the use of real-time security and monitoring features that kick in as soon as an exploit is detected. This may mean deploying smart contracts that block the transfer of funds over a bridge, or even lock the funds on the bridge itself, could they be flagged as a breach.\nSuch an approach may be more beneficial compared to relying on audits, a newly formed crypto industry where developers try to attack protocols to locate flaws apart from proof-reading one’s code.\n“Pre-launch audits of the code underpinning liquidity pools have proved to be insufficient in anticipating the likelihood of their falling prey to security failures,” Lewellen said. “For developers to maintain the security of their protocols, real-time security practices need to be sustained after launch to keep them alert to how their protocols are operating under real-world usage.”\nSuch steps would still not keep all attackers at bay, Lewellen warns. “Many attackers will use both technical exploits and malicious trading practices to seize funds in unexpected ways,” he said.\nAs of the time of this writing, there’s still over $6 billion locked on blockchain bridges,datafrom DeFiLlama shows.\n9:00 a.m. HKT/SGT(1:00 UTC)Europe\'s Industrial Production s.a. (MoM/Nov)\n2:00 p.m. HKT/SGT(6:00 UTC)Michigan Consumer Sentiment Index (Jan)\n8:00 p.m. HKT/SGT(12:00 UTC)New Zealand ANZ - Roy Morgan Consumer Confidence (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Breaks Above $18K as US Inflation Rate Slows to 6.5% in December; Crypto Layoffs Continue\nThe consumer price index (CPI) slipped 0.1% in December, roughly inline with expectations for a flat reading. On an annualized basis, the CPI was higher by 6.5%, inline with expectations and down from 7.1% a month earlier. Eaglebrook Advisors Vice President of Research Joe Orsini weighed in. Plus,Blockchain.comsaid it\'s letting go of 28% of its workforce, or about 110 employees. And, Rep. Jim Himes (D-Conn.) shared his outlook on the future of U.S. crypto regulation.\nSEC Alleges Gemini, Genesis Sold Unregistered Securities:Gemini and Genesis were engaged in a public spat after Genesis suspended withdrawals last year.\nPolygon’s Blockchain to Undergo Hard Fork:The software upgrade scheduled for Jan. 17 will address gas spikes and chain reorganization.\nUS House Republicans to Set Up Crypto Committee to Oversee Shaky Industry, Report:The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.)\nSam Bankman-Fried Blogs Like a Crypto Robin Hood, but in Court He\'s Not So Charitable:The FTX founder’s claimed largesse about giving his funds away contrasts with a legal battle to keep control of $450 million in shares – that were paid for a loan from Bankman-Fried’s Alameda Research\nSam Bankman-Fried Denies Stealing FTX Funds in New Online Post:The former FTX CEO blamed the exchange\'s collapse on the crypto market meltdown, Alameda’s poor hedging and a "targeted attack" by Binance.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin (BTC) posted its biggest one-day return in two months,shooting up 5% to surpass the $19,000 level.\nInsights:Security firms such as OpenZeppelin say blockchain bridges can benefit from security features built during the ongoing bear market can help prevent the huge attacks of 2022.\nCoinDesk Market Index (CMI)\n926\n+35.3▲4.0%\nBitcoin (BTC)\n$18,872\n+1007.2▲5.6%\nEthereum (ETH)\n$1,417\n+32.7▲2.4%\nS&P 500\n3,983.17\n+13.6▲0.3%\nGold\n$1,899\n+24.8▲1.3%\nNikkei 225\n26,449.82\n+3.8▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nThis week’s suddenly energetic crypto markets got an extra jolt Thursday from the U.S. government’s latestconsumer price index (CPI)reading for December, showing a slowing pace of price rises to 6.5% on an annual basis. Many crypto traders and traditional economists took the report as a sign that the Federal Reserve can soon declare victory in its campaign to bring down inflation, which means risky assets won\'t have to face stiff monetary-policy tightening pressure for much longer.\nBitcoin (BTC) posted its biggest one-day return in two months,shooting up 5% to surpass the $19,000 levelthat the largest cryptocurrency hadn\'t seen since the market tremors first started to appear in the moments when Sam Bankman-Fried\'s FTX exchange and crypto empire first started to unravel.\n"If we can take out that $19K level, then we are definitely en route for $21K," Julius de Kempenaer, senior technical analyst atStockCharts.com, told CoinDesk TV\'s "All About Bitcoin" show.\nCoinDesk markets analyst Glenn Williams Jr. took a deep dive into the inflation figures and argues it might betoo soon to get excited about a Fed pivot. Traders in fixed-income markets are pricing in expectations of a 0.25 percentage point hike at the Fed\'s next meeting – a slowdown from the recent pace. Fed officials assert that while the pace of hiking may slow, the campaign itself isn\'t on the verge of ending anytime soon – with many more hikes to come. "The market does not believe that," Joe Orsini, vice president of research for Eaglebrook Advisors, told CoinDesk TV.\nDexterity Capital\'s Michael Safai said in emailed remarks that, this week\'s rally notwithstanding, the lingering malaise from last year\'s crypto-industry meltdown is just too much to shrug off, just yet. In fact, late Thursday, the U.S. Securities and Exchange Commissionalleged in a lawsuitthat the crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities – adding to the drama and speculation over the future of Digital Currency Group (which also owns CoinDesk).\n"We still have a couple of big shakeouts left in crypto, with some bankruptcy messes that have to be sorted and other firms still fighting to stay solvent," Safai said. "This will have a bigger impact on prices over the next couple of months.”\nCrypto Bridges Had a Horrid 2022, But Security Firms Say This Year Doesn’t Have to Be as Bad\nBy Shaurya Malwa\nA key part of the crypto ecosystem has received harsh criticism over the past several months because of its importance and yet fragile architecture, which led to an estimated $2 billion in losses in 2022.\nBridges, or blockchain-based tools that connect different networks, are essential for the movement of liquidity in the crypto ecosystem. Bridges allow users to transfer tokens and other digital assets, such as non-fungible tokens (NFT), between various chains – solving what was previously a difficult problem.\nBridges allow users to port assets across different blockchains, solving one of the main pai
**Last 60 Days of Bitcoin's Closing Prices:**
[16618.20, 16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-13
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $360,708,771,200
- Hash Rate: 269473291.1869182
- Transaction Count: 316549.0
- Unique Addresses: 743545.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.31
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: After a rough year for investors in 2022, will it be all uphill for them in 2023? That will not necessarily be the case. As the factors driving the market lower over the past 12 months persist, plenty of stocks, including some names that have experienced huge drops from their highs, remain stocks to sell. The valuation of some of these stocks remain quite elevated. Thats because, although richly priced growth stocks have been particularly hard hit due to the rapid rise of interest rates. many names remain overpriced relative to their respective, future prospects. Additionally, some stocks will drop further because their fundamentals are deteriorating. With spiking interest rates weighing on economic growth and some economists expecting GDP to contract this year, many companies that were crushing it during the pandemic era are at risk of getting crushed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors should unload or steer clear of these seven stocks to sell. Each one of them could get buried further in 2023. ABNB Airbnb $85.50 COIN Coinbase $35.39 FSLR First Solar $149.79 GME GameStop $18.46 NVDA Nvidia $146.14 TSLA Tesla $123.13 UPST Upstart $13.22 Airbnb (ABNB) A close-up shot of the Airbnb (ABNB) app on a smartphone screen. Source: AngieYeoh / Shutterstock.com After falling nearly 50% over the past year, Airbnb (NASDAQ: ABNB ) may already reflect the end of the revenge travel boom, some may argue. Yet despite the big drop of ABNBs price, the shares are likely to drop further due to two factors that I highlighted in the introduction: Valuation and worsening fundamentals. Right now, ABNB stock trades for 35.5 times its earnings. That would arguably be a reasonable valuation if the company was still poised to grow rapidly. But with analysts estimates calling for the firm to deliver earnings growth of just 8.1% in the next year, ABNBs current price-earnings ratio is excessive. Even worse, its results in the coming year could fall to meet analysts average estimate. At least, thats the view of Morgan Stanley a nalyst Brian Nowak. On Dec. 6, he downgraded ABNB , citing factors such as its slowing active listings growth, as well as concerns that the future increases in its occupancy rates will fall short of forecasts. Story continues Coinbase (COIN) The app for Coinbase (COIN) displayed on an iPhone screen. Source: OpturaDesign / Shutterstock.com After tumbling 86% last year, Coinbase (NASDAQ: COIN ) may seem at first glance to have a positive risk-reward ratio and provide investors with a good way to bet on a cryptocurrency recovery. Unfortunately, while the shares of the crypto-exchange operator are significantly cheaper today than they were at the start of 2022, there are many reasons to believe that the stock will sink further over the next 12 months. As veteran investor and InvestorPlace contributor Louis Navellier argued in his Dec. 16 column, COIN stock will likely tumble deeper into the icy crypto winter waters in 2023. After cryptos had already been burned by the big, across-the-board decline of cryptocurrency prices, the recent FTX scandal has provided retail investors with yet another reason to avoid the asset class. With many retail investors shunning cryptos, its difficult to imagine Coinbases revenue, which is expected to have dropped by more than 50% in 2022 , making much of a recovery this year. With the odds of another crypto boom emerging in the future tiny, COIN will probably continue to crumble. First Solar (FSLR) First Solar logo on smartphone in front of computer screen with graphs. FSLR stock Source: IgorGolovniov / Shutterstock.com In contrast to most of the other stocks to sell in this column, First Solar (NASDAQ: FSLR ) was on a tear last year, jumping 72%. Its gain was thanks mostly to the Inflation Reduction Act , which was signed into law by President Biden in August. The law provides ample tax incentives and subsidies to the renewable energy sector. Yet while the legislation is set to boost the company, its possible that the market has gone overboard pricing this positive catalyst into FSLR stock. Indeed, the shares today trade for 169 times its earnings . Although many believe that First Solars profitability will skyrocket next year, that may not happen. As a Seeking Alpha commentator recently argued, a looming recession and tough competition suggest that the companys profits will fall short of the Streets outlook. While FSLR is still a market darling now, that may not remain the case for long. GameStop (GME) An empty GameStop (GME) store in Dresden, Germany. Source: 1take1shot / Shutterstock.com The meme stocks trend is so 2021. But even in the early stages of 2023 the meme king, GameStop (NYSE: GME ), has held onto a modest amount of its gains from the speculative frenzy that transpired nearly two years ago. Yet while GameStop is faring better than many of its meme peers like AMC Entertainment (NYSE: AMC ), dont assume GME will keep holding up. The shares continue to be valued primarily on the perceived potential of GameStops nascent e-commerce and non-fungible token (or NFT) exchange ventures. However, the future prospects of these endeavors, which are arguably moonshots, are extremely murky . Furthermore, GameStops core brick-and-mortar retail business continues to flounder, as the video game industry enters a slump . As the company burns through more of its $1 billion of cash , GME stock looks to be on track to keep falling steadily back to its pre-meme price levels. In other words, its probably going to fall below $5 per share. Nvidia (NVDA) Closeup of mobile phone screen with logo lettering of nvidia corporation on computer keyboard. NVDA stock. Source: Shutterstock Nvidia (NASDAQ: NVDA ) stock is also partially, but not fully, pricing in the macroeconomic challenges facing companies. The chipmaker definitely crushed it during the pandemic era. Between its fiscal 2020 and FY22, its revenue more than doubled, while its earnings more than tripled. However, with the demand for its CPU and GPU chips softening, analysts, on average, expect its revenue to be little changed this fiscal year compared with the last one. Whats more, analysts mean estimate calls for its earnings to decline 15.6%, to $3.30 per share. Not only that, but NVDAs situation could worsen in FY23, as another chip glut isnt out of the question. Given these points, along with the fact that NVDA stock trades at a pricey 62 times its trailing earnings, the stock is unlikely to climb a great deal and is poised to sink much further. After this years tech selloff, many names are now appealing, but NVDA isnt one of them. Tesla (TSLA) Tesla Motors (TSLA) now an SP500 company with a busy Pond Springs location in northwest Austin, TX Source: Roschetzky Photography / Shutterstock.com In 2020 and 2021, Tesla (NASDAQ: TSLA ) slayed its skeptics, as the electric vehicle makers earnings skyrocketed, and EV stocks soared as the sector entered bubble territory. Over the past year, though, TSLA stock, at one time seemingly unsinkable, has fallen considerably, causing the shares forward price-earnings multiple to tumble. As a result, some believethat the shares have become a steal. So is it time to go bottom fishing with Tesla? Not so fast! Believing that TSLA (trading for 22 times forward earnings) is a buy may just be an example of giving too much value to its huge decline . Thats because the circumstances that drove this stock to its prior, lofty highs arent likely to re-emerge. In fact, as it becomes clearer that Tesla is a car company which is not immune to the cyclical nature of the auto business, its valuation may sink to levels more in line with that of the incumbent automakers. Upstart Holdings (UPST) The website for Upstart (UPST) is viewed through a magnifying glass focused on the company's logo. Source: Postmodern Studio / Shutterstock.com It may seem odd to say that Upstart Holdings (NASDAQ: UPST ) still belongs in the stocks to sell category, since the shares of the fintech firm currently trade at levels which are light years away from their all-time high. Yet much like Tesla, the story behind this former hot stock has unraveled. As Ive argued previously, the market in 2021 overestimated the ability of Upstarts AI-powered loan underwriting platform to disrupt the lending industry . Investors who bought UPST stock near its all-time high paid dearly for their decision, as the companys growth screeched to a halt, and concerns about its underwriting methods spiked. Even after UPST dropped 91% last year, it can suffer another decline of around 18%. Its unraveling can continue if its transaction volumes keep falling and its default rates rise going forward. On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air It doesnt matter if you have $500 or $5 million. Do this now. The post 7 Stocks That Are About to Get Absolutely Crushed appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin\'s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.\nThe largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto – which topped $65,000 in Nov. 2021 – remains near the low end of a brutal bear market.\nIndeed, $20,000 “once [was] deemed a disturbing low but now potentially represents a sign of a revival,” according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda.\nAlso moving nicely higher is ether (ETH), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November.\nTheCoinDesk Market Index(CMI) rose 14% for the week.\nCrypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%.\nRead more:Left for Dead Crypto Names Roar Higher as Bitcoin Bounces\nTraditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began andas U.S. inflation numbers- though remaining elevated – continued to move lower. “Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,” Erlam wrote.\nNicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China’s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors’ attention."\n“None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,” said Colas.', 'Bitcoin\'s ( BTC ) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto \x96 which topped $65,000 in Nov. 2021 \x96 remains near the low end of a brutal bear market. Indeed, $20,000 \x93once [was] deemed a disturbing low but now potentially represents a sign of a revival,\x94 according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda. Also moving nicely higher is ether ( ETH ), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November. The CoinDesk Market Index (CMI) rose 14% for the week. Crypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%. Read more: Left for Dead Crypto Names Roar Higher as Bitcoin Bounces Traditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began and as U.S. inflation numbers - though remaining elevated \x96 continued to move lower. \x93Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,\x94 Erlam wrote. Nicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China\x92s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors\x92 attention." \x93None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,\x94 said Colas.', 'Bitcoin\'s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.\nThe largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto – which topped $65,000 in Nov. 2021 – remains near the low end of a brutal bear market.\nIndeed, $20,000 “once [was] deemed a disturbing low but now potentially represents a sign of a revival,” according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda.\nAlso moving nicely higher is ether (ETH), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November.\nTheCoinDesk Market Index(CMI) rose 14% for the week.\nCrypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%.\nRead more:Left for Dead Crypto Names Roar Higher as Bitcoin Bounces\nTraditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began andas U.S. inflation numbers- though remaining elevated – continued to move lower. “Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,” Erlam wrote.\nNicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China’s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors’ attention."\n“None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,” said Colas.', "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.\nBitcoin hasn’t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX.\nThe broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko.\nThe price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's DecemberConsumer Price Indexreport. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing.\nThe report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations.\nThe SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an “Earn” program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency,Politicoreported.\nWhile Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000.\nThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.", "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin. Bitcoin hasn\x92t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX. The broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko. The price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's December Consumer Price Index report. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing. The report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations. The SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an \x93Earn\x94 program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency, Politico reported. While Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. View comments", "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.\nBitcoin hasn’t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX.\nThe broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko.\nThe price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's DecemberConsumer Price Indexreport. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing.\nThe report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations.\nThe SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an “Earn” program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency,Politicoreported.\nWhile Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000.\nThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.", "(Adds latest bitcoin move)\nJan 13 (Reuters) -\nBitcoin rose on Saturday above $20,000 for first time in over two months.\nBitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close.\nThe cryptocurrency is up 26.4% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close. (Reporting by Siddharth Jindal and Maria Ponnezhath in Bengaluru Editing by Chris Reese and Cynthia Osterman)", "(Adds latest bitcoin move) Jan 13 (Reuters) - Bitcoin rose on Saturday above $20,000 for first time in over two months. Bitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close. The cryptocurrency is up 26.4% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close. (Reporting by Siddharth Jindal and Maria Ponnezhath in Bengaluru Editing by Chris Reese and Cynthia Osterman) View comments", "(Adds latest bitcoin move)\nJan 13 (Reuters) -\nBitcoin rose on Saturday above $20,000 for first time in over two months.\nBitcoin, the world's biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close.\nThe cryptocurrency is up 26.4% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close. (Reporting by Siddharth Jindal and Maria Ponnezhath in Bengaluru Editing by Chris Reese and Cynthia Osterman)", 'The S&P 500 is making a strong start to 2023 as yet another key indicator suggests inflation is trending steadily lower.\nOn Thursday, the Labor Department reported the consumer price indexgained 6.5%in December, down from a 7.1% increase in November and in-line with economist estimates. Core CPI inflation, which excludes volatile food and energy prices, was 5.7% in December, also in-line with economist estimates.\nBitcoin prices briefly topped $19,000 on Thursday for the first time in two months following the encouraging CPI inflation report. Attorneys for collapsed cryptocurrency exchange FTX said this past week they have located roughly$5 billionin "liquid" assets, including cash and digital currencies, that could be used to repay FTX customers and creditors.\nOn Wednesday, Walt Disney announced it rejected billionaire activist investor Nelson Peltz\'s attempt to join the Disney board of investors, setting the stage for aproxy fight. Peltz said Disney had "lost its way resulting in a rapid deterioration in its financial performance," and his Trian Fund Management aims to work with Disney chief executive Bob Iger to ensure a successful CEO transition by 2025.\nWall Street investment bank Goldman Sachs is reportedly conducting3,200 layoffsahead of its upcoming fourth-quarter earnings report on Jan. 17. Big banks Bank of America, Wells Fargo, Citigroup and JPMorgan Chase kicked off bank earnings season on Friday with mixed results.\nShares of popular "meme" stock Bed, Bath & Beyond more than tripled this past week despite the company reporting a $393-million net loss in the fiscal third quarter and recently warning investors it is exploring a possible bankruptcy filing.\nIn the week ahead, investors will get more quarterly reports from United Airlines on Tuesday, Netflix on Thursday and Ericsson and Schlumberger on Friday.\nWall Street analysts have lowered their S&P 500 earnings estimates for the fourth quarter by 6.5% since the end of September, according to FactSet.\nMore:Scammers pretend to be from your bank to drain your savings\nFollowing the Monday market holiday, investors will get key economic updates on Wednesday when the U.S. Census Bureau releases its December Retail Sales report and on Friday when the People\'s Bank of China announces its latest interest rate decision.\nMore:2023 tax season could be better — but huge backlog of 2022 returns may create challenges\nMore:Southfield auto lender accused of predatory deals, setting up buyers to fail\nBenzinga is a financial news and data company headquartered in Detroit.\nThis article originally appeared on Detroit Free Press:Is Walt Disney setting stage for a proxy fight?', 'I always trust the idea of buying and holding quality stocks for the long term. However, with geopolitical, macroeconomic, and technological changes, a part of the portfolio needs to be dynamic. At the same time, there are stocks to buy and hold forever. These stocks represent companies that have a strong balance sheet and robust cash flows. Further, these companies have remained ahead of the curve when it comes to changes and innovation. The result is sustained value creation through dividends and capital gains. It\x92s also worth mentioning that most of these stocks to buy and hold is low-beta stocks. Amidst market volatility, these stocks offer protection from capital erosion. I would personally allocate at least 40% to 50% of my portfolio toward these stocks. I can also say with some conviction that total returns (dividend and capital gains) from these stocks over the next five to ten years will outperform the index. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let\x92s discuss the reasons to be bullish on these stocks to buy and hold forever. Ticker Company Price CVX Chevron Corporation $177.56 LMT Lockheed Martin $449.83 COST Costco Wholesale $485.25 RIO Rio Tinto $77.55 AAPL Apple $134.76 NEM Newmont Corporation $54.35 F Ford Motor $12.72 Chevron Corporation (CVX) Chevron has Put a Priority on Protecting Its Big, Fat Dividend Source: Denis Kuvaev / Shutterstock.com Chevron Corporation (NYSE: CVX ) stock is among the top stocks to buy and hold. The oil and gas exploration company was in an uptrend last year, and I expect the positive momentum to sustain. Besides the potential for capital gains, CVX stock also offers an attractive dividend yield of 3.24%. From a fundamental perspective, there are two important reasons to like Chevron. First, the company has an investment-grade balance sheet with a net-debt ratio of 4.9% as of Q3 2022. Further, the company has low break-even assets that enable the generation of robust cash flows. For Q3 2022, Chevron reported an operating cash flow of $13.7 billion . With an annual OCF visibility in excess of $40 billion, Chevron is positioned to make big investments and potentially increase dividends. It\x92s also worth noting that Chevron has a strong resource base, which implies steady production in the coming years. Story continues Lockheed Martin (LMT) A Lockheed Martin (LMT) Space Systems sign in Sunnyvale, California. Source: Ken Wolter / Shutterstock.com Global defense spending exceeded $2 trillion in 2021. It\x92s likely that defense spending will continue to increase with several points of geopolitical friction. Lockheed Martin (NYSE: LMT ) stock looks attractive and is worth holding in the core portfolio. In the last 12 months, LMT stock has trended higher by 27%, and the stock also offers a dividend yield of 2.59%. As the company\x92s order backlog swells, it\x92s likely that investment returns will remain robust. As of Q3 2022, Lockheed reported an order backlog of $140 billion . For the last quarter, Lockheed reported a free cash flow of $2.7 billion. This implies an annualized FCF potential in excess of $10 billion. Therefore, dividend growth is likely to sustain. Lockheed Martin has also been investing in new technology. This is a catalyst for growth over the next decade. The investments include a focus on hypersonics, directed energy, and autonomy, among others. With a strong balance sheet, Lockheed is also positioned for potential acquisitions in the defense space. Costco Wholesale (COST) A Costco Wholesale (COST) warehouse in Auburn Hills, Michigan. Source: ilzesgimene / Shutterstock.com Costco Wholesale (NASDAQ: COST ) has been sideways to lower in the last 12 months. This was expected, considering inflationary pressure. Further, the stock has discounted the potential impact of aggressive rate hikes on consumer spending. Besides these near-term headwinds, COST stock is worth holding for the coming years. The U.S. economy is primarily consumption-based, and retail spending is a critical component. Another point to note is that sales growth has been healthy even amidst challenges. For the 18 weeks that ended on Jan. 1, Costco reported sales growth of 7.6% on a year-on-year basis to $82.16 billion. The outlook remains positive, with comparable store sales growth being healthy in the U.S. Costco also has 66.9 million households as members. This has translated into $4.3 billion in membership fees in the last 12 months. With continued expansion in the U.S. and internationally, recurring income is likely to swell. This will have a sustained positive impact on cash flows. Rio Tinto (RIO) the rio tinto (RIO) logo on a building during daylight Source: Rob Bayer / Shutterstock.com Rio Tinto (NYSE: RIO ) looks attractive among commodity stocks to buy and hold forever. The stock has been in an uptrend, with a rally of 35% in the last six months. At a forward price-earnings ratio of 8.8 times, the stock remains a compelling buy. A dividend yield of 9.0% adds to the attractiveness. One reason to like Rio is an investment-grade balance sheet. Further, for the first half of 2022, Rio reported a free cash flow of $7.1 billion. Robust financial flexibility will ensure that dividends sustain. At the same time, Rio is positioned to make big investments to potentially accelerate growth. In December 2022, Rio completed the acquisition of Turquoise Hill Resources for a consideration of $3.1 billion. This boosts the company\x92s copper portfolio. Rio is also positioned to be the largest source of lithium supply in Europe for the next 15 years. With a global push towards green energy, these base metals will drive growth for Rio Tinto. Apple (AAPL) Apple (AAPL) logo brand and text sign on entrance facade store American multinational boutique corporation dealership shop Source: sylv1rob1 / Shutterstock.com Apple\x92s (NASDAQ: AAPL ) stock has been an underperformer in the last 12 months. During this period, the stock declined by 25%. However, the business is a cash flow machine, and Apple is an innovator. The correction provides a good entry opportunity for the long term. From the sales perspective, the iPhone segment remains the key growth driver. At the same time, the services and wearable segment growth has been encouraging. With product diversification, the growth outlook is positive. Further, Apple has nearly $170 billion in cash and equivalents. With strong operating cash flows, dividend growth will continue along with share repurchases. Also, Apple is positioned to pursue inorganic growth by investing in innovation-driven start-ups. There are reports that Apple has delayed its self-driving car launch until 2026 . The company plans to sell consumer models for under $100,000. With a loyal customer base, the launch of the Apple car might be a big growth catalyst. Newmont Corporation (NEM) Newmont logo on a mobile phone screen Source: Piotr Swat/Shutterstock Gold has already been trending higher, and there are several long-term catalysts for the precious metal. This includes geopolitical tension, inflation, and a weak dollar. Newmont Corporation (NYSE: NEM ) stock is a good proxy for investing in gold. The gold miner has remained subdued in the last 12 months, with gold remaining sideways to lower. NEM stock is, however, attractive at current levels and offers a dividend yield of 4.12%. Newmont Corporation has an investment-grade balance sheet, and that\x92s a key reason to like the stock. With strong financial flexibility, the company is positioned to sustain dividends and accelerate investments. Newmont has a strong asset base with 96 million ounces of proven reserves . With investment in exploration activity, reserve replacement has remained strong. The company expects to deliver steady production through 2040. Therefore, even if gold trades around $2,000 an ounce, Newmont will report robust free cash flows. The company expects to lower the all-in-sustaining cost in the coming years. If gold trends are higher, meaningful EBITDA margin expansion can be expected. Ford Motor (F) Ford dealership sign against a blue sky. Source: D K Grove / Shutterstock.com Among the traditional automakers, Ford (NYSE: F ) looks attractive among stocks to buy and hold. Ford has aggressive plans for the transformation of its portfolio towards EVs, and that\x92s likely to create value. F stock trades at an attractive forward price-earnings ratio of 6.8 times and offers a dividend yield of 3.7%. The downside is capped from current levels, while the upside potential is meaningful. Talking about EV plans, Ford expects to deliver a global capacity of 600,000 EVs by the end of 2023 . Further, the company expects 40% to 50% of its global vehicle sales to be EVs by 2030. The company has also been investing in building battery plants to ensure that the supply chain remains smooth. An important point to note is that Ford reported a total liquidity buffer of $49.2 billion as of Q3 2022. With positive free cash flows, the company has ample financial flexibility to make big investments for portfolio transformation. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 It doesn\x92t matter if you have $500 or $5 million. Do this now. The post 7 Stocks to Buy and Hold For a Lifetime appeared first on InvestorPlace .', 'I always trust the idea of buying and holding quality stocks for the long term. However, with geopolitical, macroeconomic, and technological changes, a part of the portfolio needs to be dynamic. At the same time, there are stocks to buy and hold forever.\nThese stocks represent companies that have a strong balance sheet and robust cash flows. Further, these companies have remained ahead of the curve when it comes to changes and innovation. The result is sustained value creation through dividends and capital gains.\nIt’s also worth mentioning that most of these stocks to buy and hold is low-beta stocks. Amidst market volatility, these stocks offer protection from capital erosion. I would personally allocate at least 40% to 50% of my portfolio toward these stocks. I can also say with some conviction that total returns (dividend and capital gains) from these stocks over the next five to ten years will outperform the index.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nLet’s discuss the reasons to be bullish on these stocks to buy and hold forever.\n[{"Ticker": "CVX", "Company": "Chevron Corporation", "Price": "$177.56"}, {"Ticker": "LMT", "Company": "Lockheed Martin", "Price": "$449.83"}, {"Ticker": "COST", "Company": "Costco Wholesale", "Price": "$485.25"}, {"Ticker": "RIO", "Company": "Rio Tinto", "Price": "$77.55"}, {"Ticker": "AAPL", "Company": "Apple", "Price": "$134.76"}, {"Ticker": "NEM", "Company": "Newmont Corporation", "Price": "$54.35"}, {"Ticker": "F", "Company": "Ford Motor", "Price": "$12.72"}]\nSource: Denis Kuvaev / Shutterstock.com\nChevron Corporation(NYSE:CVX) stock is among the top stocks to buy and hold. The oil and gas exploration company was in an uptrend last year, and I expect the positive momentum to sustain. Besides the potential for capital gains, CVX stock also offers an attractive dividend yield of 3.24%.\nFrom a fundamental perspective, there are two important reasons to like Chevron. First, the company has an investment-grade balance sheet with a net-debt ratio of 4.9% as of Q3 2022. Further, the company has low break-even assets that enable the generation of robust cash flows.\nFor Q3 2022, Chevronreported an operating cash flow of $13.7 billion. With an annual OCF visibility in excess of $40 billion, Chevron is positioned to make big investments and potentially increase dividends. It’s also worth noting that Chevron has a strong resource base, which implies steady production in the coming years.\nSource: Ken Wolter / Shutterstock.com\nGlobal defense spending exceeded $2 trillion in 2021. It’s likely that defense spending will continue to increase with several points of geopolitical friction.Lockheed Martin(NYSE:LMT) stock looks attractive and is worth holding in the core portfolio.\nIn the last 12 months, LMT stock has trended higher by 27%, and the stock also offers a dividend yield of 2.59%. As the company’s order backlog swells, it’s likely that investment returns will remain robust. As of Q3 2022, Lockheed reported anorder backlog of $140 billion.\nFor the last quarter, Lockheed reported a free cash flow of $2.7 billion. This implies an annualized FCF potential in excess of $10 billion. Therefore, dividend growth is likely to sustain.\nLockheed Martin has also been investing in new technology. This is a catalyst for growth over the next decade. The investments include a focus on hypersonics, directed energy, and autonomy, among others. With a strong balance sheet, Lockheed is also positioned for potential acquisitions in the defense space.\nSource: ilzesgimene / Shutterstock.com\nCostco Wholesale(NASDAQ:COST) has been sideways to lower in the last 12 months. This was expected, considering inflationary pressure. Further, the stock has discounted the potential impact of aggressive rate hikes on consumer spending.\nBesides these near-term headwinds, COST stock is worth holding for the coming years. The U.S. economy is primarily consumption-based, and retail spending is a critical component.\nAnother point to note is that sales growth has been healthy even amidst challenges. For the 18 weeks that ended on Jan. 1, Costco reportedsales growth of 7.6% on a year-on-year basisto $82.16 billion. The outlook remains positive, with comparable store sales growth being healthy in the U.S.\nCostco also has 66.9 million households as members. This has translated into$4.3 billion in membership feesin the last 12 months. With continued expansion in the U.S. and internationally, recurring income is likely to swell. This will have a sustained positive impact on cash flows.\nSource: Rob Bayer / Shutterstock.com\nRio Tinto(NYSE:RIO) looks attractive among commodity stocks to buy and hold forever. The stock has been in an uptrend, with a rally of 35% in the last six months. At a forward price-earnings ratio of 8.8 times, the stock remains a compelling buy. A dividend yield of 9.0% adds to the attractiveness.\nOne reason to like Rio is an investment-grade balance sheet. Further, for the first half of 2022, Rio reported a free cash flow of $7.1 billion. Robust financial flexibility will ensure that dividends sustain. At the same time, Rio is positioned to make big investments to potentially accelerate growth.\nIn December 2022, Riocompleted the acquisitionofTurquoise Hill Resourcesfor a consideration of $3.1 billion. This boosts the company’s copper portfolio. Rio is also positioned to be the largest source oflithium supply in Europefor the next 15 years. With a global push towards green energy, these base metals will drive growth for Rio Tinto.\nSource: sylv1rob1 / Shutterstock.com\nApple’s(NASDAQ:AAPL) stock has been an underperformer in the last 12 months. During this period, the stock declined by 25%. However, the business is a cash flow machine, and Apple is an innovator. The correction provides a good entry opportunity for the long term.\nFrom the sales perspective, the iPhone segment remains the key growth driver. At the same time, theservices and wearable segment growthhas been encouraging. With product diversification, the growth outlook is positive.\nFurther, Apple has nearly $170 billion in cash and equivalents. With strong operating cash flows, dividend growth will continue along with share repurchases. Also, Apple is positioned to pursue inorganic growth by investing in innovation-driven start-ups.\nThere are reports that Apple hasdelayed its self-driving car launch until 2026. The company plans to sell consumer models for under $100,000. With a loyal customer base, the launch of the Apple car might be a big growth catalyst.\nSource: Piotr Swat/Shutterstock\nGold has already been trending higher, and there are several long-term catalysts for the precious metal. This includes geopolitical tension, inflation, and a weak dollar.Newmont Corporation(NYSE:NEM) stock is a good proxy for investing in gold. The gold miner has remained subdued in the last 12 months, with gold remaining sideways to lower. NEM stock is, however, attractive at current levels and offers a dividend yield of 4.12%.\nNewmont Corporation has an investment-grade balance sheet, and that’s a key reason to like the stock. With strong financial flexibility, the company is positioned to sustain dividends and accelerate investments.\nNewmont has a strong asset base with96 million ounces of proven reserves. With investment in exploration activity, reserve replacement has remained strong. The company expects to deliver steady production through 2040.\nTherefore, even if gold trades around $2,000 an ounce, Newmont will report robust free cash flows. The company expects to lower the all-in-sustaining cost in the coming years. If gold trends are higher, meaningful EBITDA margin expansion can be expected.\nSource: D K Grove / Shutterstock.com\nAmong the traditional automakers,Ford(NYSE:F) looks attractive among stocks to buy and hold. Ford has aggressive plans for the transformation of its portfolio towards EVs, and that’s likely to create value.\nF stock trades at an attractive forward price-earnings ratio of 6.8 times and offers a dividend yield of 3.7%. The downside is capped from current levels, while the upside potential is meaningful.\nTalking about EV plans, Ford expects to deliver aglobal capacity of 600,000 EVs by the end of 2023. Further, the companyexpects 40% to 50% of its global vehicle salesto be EVs by 2030. The company has also been investing in building battery plants to ensure that the supply chain remains smooth.\nAn important point to note is that Ford reported a total liquidity buffer of $49.2 billion as of Q3 2022. With positive free cash flows, the company has ample financial flexibility to make big investments for portfolio transformation.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post7 Stocks to Buy and Hold For a Lifetimeappeared first onInvestorPlace.', "Knock on wood, but it’s two weeks into 2023, and crypto’s green shoots haven’t been clipped yet.\nNone of crypto’s top 20 coins posted substantial losses this week. Bitcoin (BTC) and Ethereum (ETH) flew higher on encouraging signs that U.S. inflationslowed in December.\nBTCpushed past $19,000on Thursday for the first time since just before thecollapse of FTXin early November, thanks to news from the Bureau of Labor and Statistics that inflation had slowed to 6.5% for December, down from 7.1% the previous month. Markets (stocks as well as crypto) clearly took those trends to imply that the Federal Reserve may soon slow its relentless escalation of interest rates to combat rising prices.\nOn Friday evening, BTC continued its rally,crossing the $20,000 markand erasing its FTX-prompted loses. It's up 23%in the last week to $20,899 at the time of writing, according to data fromCoinGecko.\nETH saw similar gains, rising steadily beginning Wednesday on inflation reports. The world’s second-largest cryptocurrency rose an encouraging 21% over the course of the week,crossing the $1,400 markThursday and sitting at $1,538 on Saturday morning. ETH hadn’t seen such highs since November 8, when FTX cratered and brought the crypto market down with it.\nStocks fared similarly, with the S&P 500 and Nasdaq both posting their best weekly performances since November.\nWhile crypto traders certainly welcomed riding Wall Street’s wave, others advised caution.\n“It is a worrying trend to see Bitcoin moving in lockstep with traditional financial indicators and stock markets,” Laguna Labs CEO Stefan Rust toldDecryptearlier in the week. “As we know, Bitcoin was founded to be an alternative financial system to Wall Street, and it feels as though we may be losing our way.”\nMeanwhile, the biggest winners of the week soared on crypto-specific news that was independent of macroeconomic trends.\nAVAX, the native token of the Avalanche blockchain, skyrocketed a whopping 29% on Wednesday alone, off news that its developer Ava Labs will soon offer crypto infrastructurethrough a partnership with Amazon Web Services. The development will see Amazon use its dominant position to help encourage adoption of Avalanche across the public and private sectors. AVAX ended the week up 44% as of Saturday morning.\nLido, the liquid staking protocol, saw similarly remarkable gains this week for Lid, off encouraging developments on the Ethereum network.\nSince theEthereum mergetransitioned Ethereum to a proof-of-stake system in September, network participants have been able to earn newly minted ETH as a reward for staking pre-existing ETH with the network. Lido is a leading service that allows users to pool their ETH and stake it to earn more; over $7 billion worth of ETH has been staked through the project.\nBut these users have not yet been able to withdraw their staked ETH. That capability will come with Shanghai, an upgrade to the Ethereum network that looks right on track for a March launch. With Ethereum’s core developersreporting no issueswith the update’s rollout,LDO soared41% this week.\nAnd then there's Solana. After a brutal stretch to end the year due to itsclose ties to the FTX ecosystem and Sam Bankman-Fried, SOL is on a comeback ride: it has soared 65% over the past seven days to $22.54 as of Saturday morning.", "This week in coins. Illustration by Mitchell Preffer for Decrypt. Knock on wood, but it’s two weeks into 2023, and crypto’s green shoots haven’t been clipped yet. None of crypto’s top 20 coins posted substantial losses this week. Bitcoin (BTC) and Ethereum (ETH) flew higher on encouraging signs that U.S. inflation slowed in December . BTC pushed past $19,000 on Thursday for the first time since just before the collapse of FTX in early November, thanks to news from the Bureau of Labor and Statistics that inflation had slowed to 6.5% for December, down from 7.1% the previous month. Markets (stocks as well as crypto) clearly took those trends to imply that the Federal Reserve may soon slow its relentless escalation of interest rates to combat rising prices. On Friday evening, BTC continued its rally, crossing the $20,000 mark and erasing its FTX-prompted loses . It's up 23 % in the last week to $20,899 at the time of writing, according to data from CoinGecko . ETH saw similar gains, rising steadily beginning Wednesday on inflation reports. The world’s second-largest cryptocurrency rose an encouraging 21% over the course of the week, crossing the $1,400 mark Thursday and sitting at $1,538 on Saturday morning. ETH hadn’t seen such highs since November 8, when FTX cratered and brought the crypto market down with it. Stocks fared similarly, with the S&P 500 and Nasdaq both posting their best weekly performances since November. While crypto traders certainly welcomed riding Wall Street’s wave, others advised caution. “It is a worrying trend to see Bitcoin moving in lockstep with traditional financial indicators and stock markets,” Laguna Labs CEO Stefan Rust told Decrypt earlier in the week. “As we know, Bitcoin was founded to be an alternative financial system to Wall Street, and it feels as though we may be losing our way.” Meanwhile, the biggest winners of the week soared on crypto-specific news that was independent of macroeconomic trends. AVAX, the native token of the Avalanche blockchain, skyrocketed a whopping 29% on Wednesday alone, off news that its developer Ava Labs will soon offer crypto infrastructure through a partnership with Amazon Web Services . The development will see Amazon use its dominant position to help encourage adoption of Avalanche across the public and private sectors. AVAX ended the week up 44% as of Saturday morning. Story continues Lido, the liquid staking protocol, saw similarly remarkable gains this week for Lid, off encouraging developments on the Ethereum network. Since the Ethereum merge transitioned Ethereum to a proof-of-stake system in September, network participants have been able to earn newly minted ETH as a reward for staking pre-existing ETH with the network. Lido is a leading service that allows users to pool their ETH and stake it to earn more; over $7 billion worth of ETH has been staked through the project. But these users have not yet been able to withdraw their staked ETH. That capability will come with Shanghai, an upgrade to the Ethereum network that looks right on track for a March launch. With Ethereum’s core developers reporting no issues with the update’s rollout, LDO soared 41% this week. And then there's Solana. After a brutal stretch to end the year due to its close ties to the FTX ecosystem and Sam Bankman-Fried , SOL is on a comeback ride: it has soared 65% over the past seven days to $22.54 as of Saturday morning.", "Knock on wood, but it’s two weeks into 2023, and crypto’s green shoots haven’t been clipped yet.\nNone of crypto’s top 20 coins posted substantial losses this week. Bitcoin (BTC) and Ethereum (ETH) flew higher on encouraging signs that U.S. inflationslowed in December.\nBTCpushed past $19,000on Thursday for the first time since just before thecollapse of FTXin early November, thanks to news from the Bureau of Labor and Statistics that inflation had slowed to 6.5% for December, down from 7.1% the previous month. Markets (stocks as well as crypto) clearly took those trends to imply that the Federal Reserve may soon slow its relentless escalation of interest rates to combat rising prices.\nOn Friday evening, BTC continued its rally,crossing the $20,000 markand erasing its FTX-prompted loses. It's up 23%in the last week to $20,899 at the time of writing, according to data fromCoinGecko.\nETH saw similar gains, rising steadily beginning Wednesday on inflation reports. The world’s second-largest cryptocurrency rose an encouraging 21% over the course of the week,crossing the $1,400 markThursday and sitting at $1,538 on Saturday morning. ETH hadn’t seen such highs since November 8, when FTX cratered and brought the crypto market down with it.\nStocks fared similarly, with the S&P 500 and Nasdaq both posting their best weekly performances since November.\nWhile crypto traders certainly welcomed riding Wall Street’s wave, others advised caution.\n“It is a worrying trend to see Bitcoin moving in lockstep with traditional financial indicators and stock markets,” Laguna Labs CEO Stefan Rust toldDecryptearlier in the week. “As we know, Bitcoin was founded to be an alternative financial system to Wall Street, and it feels as though we may be losing our way.”\nMeanwhile, the biggest winners of the week soared on crypto-specific news that was independent of macroeconomic trends.\nAVAX, the native token of the Avalanche blockchain, skyrocketed a whopping 29% on Wednesday alone, off news that its developer Ava Labs will soon offer crypto infrastructurethrough a partnership with Amazon Web Services. The development will see Amazon use its dominant position to help encourage adoption of Avalanche across the public and private sectors. AVAX ended the week up 44% as of Saturday morning.\nLido, the liquid staking protocol, saw similarly remarkable gains this week for Lid, off encouraging developments on the Ethereum network.\nSince theEthereum mergetransitioned Ethereum to a proof-of-stake system in September, network participants have been able to earn newly minted ETH as a reward for staking pre-existing ETH with the network. Lido is a leading service that allows users to pool their ETH and stake it to earn more; over $7 billion worth of ETH has been staked through the project.\nBut these users have not yet been able to withdraw their staked ETH. That capability will come with Shanghai, an upgrade to the Ethereum network that looks right on track for a March launch. With Ethereum’s core developersreporting no issueswith the update’s rollout,LDO soared41% this week.\nAnd then there's Solana. After a brutal stretch to end the year due to itsclose ties to the FTX ecosystem and Sam Bankman-Fried, SOL is on a comeback ride: it has soared 65% over the past seven days to $22.54 as of Saturday morning.", "Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) The second week of the new year has been a heady week for the coins, with Bitcoin, Ethereum, and Solana racking up serious gains . Zooming in closer, however, the market’s biggest winners are none other than liquid staking tokens, also called “liquid staking derivatives” (LSD). The tokens behind projects like Lido Finance (up 50.3%) and Rocket Pool (up 23.3%) have absolutely soared over the last few days. The reason? Ethereum devs are rolling up their sleeves ahead of a key upgrade to the network: Shanghai . Let’s break that down. Since executing the merge last September, Ethereum has swapped to a proof-of-stake (PoS) consensus mechanism. This means no more power-hungry mining machines, and, in their place, so-called validators. Validators and miners effectively do the same thing, verifying transactions and ensuring little on-chain mischief occurs. Still, validators can be better distributed than miners due to their lower cost of capital and maintenance. Instead of having to buy out a multi-million-dollar mining farm somewhere in Siberia and hiring a team of engineers to keep those miners running non-stop, all you need to become a validator is 32 ETH and the know-how to keep a single node connected to the Ethereum network at all times. 32 ETH, though, is still roughly $45,000 at press time, so it’s a hefty sum. And that’s where these LSD projects come into play. They let you stake any amount of Ethereum you can afford. In exchange, they’ll give you another token (Lido’s staked ETH token is called “stETH,” for example) that can be put to use elsewhere. Today, you can earn as much as 301% when you stake your stETH in certain parts of the ecosystem, according to DeFi Llama. Its wide adoption in DeFi is likely one of the reasons why it’s so popular; of this type of offering (excluding centralized exchange-based equivalents), Lido commands more than 88% of the LSD market. Beacon chain depositors over time. (Source: Dune) When compared with centralized platforms like Kraken, Bitcoin Suisse, or services like Staked.US, Lido still enjoys 28.9% of the market. Runner-up Kraken has just 5.57%. Story continues What does this have to do with the Shanghai update? Like the merge, Shanghai is another key upgrade to Ethereum. It will bundle several key improvements, but the most important is the one which will let the above-mentioned stakers finally withdraw their holdings from the network. Currently, that’s not possible (and last year it had a lot of folks rattled about whether it would ever happen). This meant that stakers who rushed into the Beacon Chain with their 32 Ethereum or a liquid-staking alternative with a smaller sum were basically depositing funds with merely a promise that one day they’d be able to withdraw. Now, though, that promise appears to be approaching reality (and reducing stakers risks considerably). For more evidence of folks rushing to try out LSDs, look no further than Lido overtaking DeFi’s unofficial central bank MakerDAO as the largest DeFi protocol.", 'The second week of the new year has been a heady week for the coins, with Bitcoin, Ethereum, and Solanaracking up serious gains.\nZooming in closer, however, the market’s biggest winners are none other than liquid staking tokens, also called “liquid staking derivatives” (LSD).\nThe tokens behind projects like Lido Finance (up 50.3%) and Rocket Pool (up 23.3%) have absolutely soared over the last few days. The reason? Ethereum devs are rolling up their sleeves ahead of a key upgrade to the network:Shanghai.\nLet’s break that down.\nSinceexecuting the mergelast September, Ethereum has swapped to a proof-of-stake (PoS) consensus mechanism. This means no more power-hungry mining machines, and, in their place, so-called validators. Validators and miners effectively do the same thing, verifying transactions and ensuring little on-chain mischief occurs.\nStill, validators can be better distributed tha
**Last 60 Days of Bitcoin's Closing Prices:**
[16884.61, 16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-14
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $402,766,851,750
- Hash Rate: 289810898.0689498
- Transaction Count: 309880.0
- Unique Addresses: 725858.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.46
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoindipped Wednesday after negative news from bank bosses caused investors to shift risk assets.
The largest cryptocurrency by market cap was trading for $16,813 at the time of writing, according to CoinGecko—a 1.2% 24-hour drop. Earlier in the day, it sharply dropped from $17,046 to $16,750 in just two hours—a level not experienced since the end of November.
The rest of the crypto market was mostly trading at a loss after recession forecasts and job cutannouncementsfrom top bank chiefs led Wall Street traders to sell stocks: the Nasdaq 100 down 2% and the S&P 500 was on set for its fourth losing day in a row.
Digital assets have largely been correlated with U.S. equities this year. When the Federal Reserve has raised interest rates to get historically high inflation under control, investors have sold so-called risk assets—which include tech stocks,Bitcoinand other digital assets—and retreated to the perceived safety of the U.S. dollar.
And when the Fed has shown signs of slowing down its aggressive monetary policy, the price of equities has jumped up—taking the crypto market (mostly) with it.
But other factors have weighed hard on assets like Bitcoin and Ethereum, too: In May, crypto project Terra crashed, leading to a brutal sell-off. And at the start of last month, FTX, one of the biggest digital asset exchanges went bust, ultimately scaring investors away from an already volatile market. And it isn't just Bitcoin taking a hit.
Ethereumis also down today by over 2%, trading hands for $1,229. The second largest digital asset also experienced a sharp sell off earlier today. It's now down 74% from its all-time high of $4,878.
And out of the biggest cryptocurrencies by market cap,Dogecoinhas been hit the hardest today: the original “meme coin” and eighth largest digital asset was priced at $0.095 at the time of writing—a 4.2% 24-hour dip.
The cryptocurrency had been an outlier at the end of November and the start of this month, popping up in value, while the rest of the market was sleepy, following speculation that Elon Musk, who frequently tweets about the meme coin,might includeit in his Twitter plans.
But it is now down 6.6% in the past seven days....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Chamath Palihapitiya cohosts the podcast "All-In." Brian Ach/Getty Images Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. They include "All-In" with Chamath Palihapitiya and "The Future of Everything" by the WSJ. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Global venture-capital funding in 2022 may have dipped 35% from 2021, according to a report by analytics company CB Insights, but VCs are still eager to make deals . It\'s a tough market right now, though, and investors need reliable insights, news, and information to spot opportunities and avoid making the wrong moves. Podcasts can help. Here are 11 great options, recommended by VCs,\xa0 founders, CEOs, and other industry insiders. 1. \'The Full Ratchet\' with Nick Moran Steve Taub, the managing director of investments at JetBlue Ventures , JetBlue Airways\' VC firm that\'s invested in startups like Joby and Flyr Labs , said he likes " The Full Ratchet " because it "demystifies" the VC world. The podcast\'s host, Nick Moran — the founder and general partner of New Stack Ventures — has interviewed VCs and startup founders like Mark Suster , Eric Paley , and Joanne Wilson on how they build great companies. "Moran often has interesting guest interviews, and I like the short \'investor stories\' about lessons learned and unusual situations," Taub said. "I like that they\'re brief so I can listen to them when I don\'t have time for a full interview." 2. \'Catalyst\' with Shayle Kann Taub is also a fan of " Catalyst ," which interviews investors, researchers, and executives knowledgeable about the world of climate tech. While this isn\'t a strictly VC-focused podcast, the host, Shayle Kann, is a partner at Energy Impact Partners and leads EIP\'s investments at the frontier of climate tech, so the show covers timely topics in the climate-tech space. Taub told Insider he listens to "Catalyst" because the threat of climate change — and humanity\'s response to it — is among the defining issues of the 21st century. "It will shape almost every aspect of our society and economy, so it\'s creating enormous opportunities for innovation and entrepreneurs," Taub said. "I think Kann does a great job of finding people with interesting ideas in the space, and he teases out the real challenges they need to overcome to be successful, so it\'s not just cheerleading." Story continues 3. \'The Twenty Minute VC\' with Harry Stebbings Andrew Gershfeld , a partner at the Boston-based investment fund Flint Capital — whose investments include the unicorns Socure (valued at $4.5 billion) and WalkMe (valued at $2.5 billion at IPO) — is a fan of " The Twenty Minute VC " podcast. "Permanent lack of time in an investor\'s life makes you very picky when it comes to podcasts," he told Insider. "I find the \'20VC\' podcast very useful and insightful. Listening to how other VCs speak about themselves and how entrepreneurs describe the VCs they work with helped me understand how to differentiate our firm from the crowd." Gershfeld said the host, Harry Stebbings, asks high fliers from successful VC firms — including Will Quist, a partner at Slow Ventures , and Kyle Harrison , a general partner at Contrary — how they forged investment scenarios to achieve big goals and what\'s impacted their leadership approach. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "He\'s a self-made VC professional who turned from a VC fan in his teens into a full-fledged investor who manages over $140 million ." 4. \'All-In\' with Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg Gershfeld loves the podcast " All-In " because so few podcasts cover "all major things of the week" — from economics and technology to politics and social agendas. He said the four hosts possess "unmatched experience" and knowledge about technology and the VC market. "Chamath Palihapitiya appears to be one of the few investors who has gone from VC into hedge-fund management," Gershfeld said. "Jason Calacanis has more than two decades in tech. David Sacks has over 20 unicorns in his portfolio, including Airbnb, Facebook, SpaceX, Twitter, and Uber. And David Friedberg of Climate Corporation, one of the first 1,000 employees at Google, helped run Google\'s AdWords and worked with Larry Page, Google\'s cofounder." Gershfeld favorite segments include " Reflecting on the first 100 shows ," and " Softbank\'s $21B+ Vision Fund loss ." 5. \' The Future of Everything \' by The Wall Street Journal The WSJ\'s\xa0" The Future of Everything " podcast is the top pick of Ryan Nelson, a partner at the early-stage venture studio and VC fund Jobi and the cofounder of Jobi Brands, which has helped build celebrity brands like Courteney Cox\'s home-care brand Homecourt and Kate Hudson\'s wellness brand Inbloom . "I love this podcast for being very far-forward-looking and covering potential changes in technology that could dramatically alter our world," Nelson said. "Personally, I\'m interested in how our lives and societal trends will evolve and be shaped by new inventions — or new applications of older technologies. "I think it\'s worthwhile to understand what types of opportunities to be on the lookout for in the near to medium term that are in line with these longer-term movements. By the time things are very obvious and in the mainstream, it can be too late to capitalize fully on the opportunity provided." 6. \' Venture Unlocked \' with Samir Kaji Jenny He — the founder and general partner of Position Ventures ,\xa0an early-stage venture fund backed by Bain Capital\xa0Ventures and Tiger Global that\'s invested in Fractal , Anrok , and WorkWhile — said the Allocate CEO and founder Samir Kaji\'s\xa0" Venture Unlocked "\xa0podcast is "a must-listen for any emerging manager or anyone looking to get into venture capital." The podcast interviews fund managers from all walks of life to reveal their approach to venture, trends they\'re seeing in the market, and how they got started with their first fund, featuring interviews with established VCs as well as emerging managers on their first fund. One of He\'s favorite episodes is " Alex Ohanian on the new era of VC ." "\'Venture Unlocked\' gives listeners\xa0unique access into the world of starting and scaling a venture-capital firm — as well as a rare glimpse into the LP perspective, which few people know the ins and outs of,"\xa0He said. "As a first-time fund manager, it was valuable to hear from other\xa0fund managers on how they got started, as starting a fund is also a founder journey." 7. \' Capital Allocators \' with Ted Seides Ted Seides, an allocator and asset-management expert, hosts " Capital Allocators — Inside the Institutional Investment Industry ," which SC Moatti , the founding managing partner of the San Francisco-based VC firm Mighty Capital , a backer of Airbnb and Amplitude, said has "the most quality, in-depth discussions on how institutional investors select the VCs they invest in." "My favorite series of the show is their manager interviews, where an endowment will invite one of the venture funds they invested in — great nuggets on what makes VCs get excited about deals," Moatti added. 8. \' Masters of Scale \' with Reid Hoffman Chenxi Wang, the founder and general partner of the Silicon Valley-based venture fund Rain Capital and a former executive at Intel and Forrester, is a fan of the " Masters of Scale " podcast, where the LinkedIn cofounder Reid Hoffman proves unconventional theories about how businesses scale and interviews top CEOs. "As a general partner of a venture fund, I don\'t have a lot of time, but I can always learn something valuable from Reid\'s conversations with leaders who have scaled a massively successful business," Wang said. "In my opinion, building a successful startup is 30% about the idea and 70% about the ability to scale up the operation. Scaling a business is about building repeatable motions, establishing meaningful business metrics, and responding to evolving market conditions. The \'Masters of Scale\' podcast hits on those aspects really well, and I recommend all founders listen to this podcast and make it a regular resource." 9. \'What Is Money?\' with Robert Breedlove Nathan Montone, the cofounder and CEO of M31 Capital Management , a global\xa0investment firm focused exclusively on crypto assets and blockchain\xa0technology, and an early backer and advisor to Helium, lists " What Is Money? " with Robert Breedlove, a former hedge-fund manager and philosopher in the bitcoin space, as one of his favorite podcasts and the best starting point for anyone looking for a "first principles understanding" of monetary technologies. "\'What Is Money?\' takes deep philosophical dives into the importance of bitcoin through historical, political, technical, and spiritual lenses," Montone said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is." 10. \' Origins \' by Notation Jenny Rooke, the managing director of Genoa Ventures , a VC investing in early-stage companies like Intabio and InterVenn in the biology and tech sectors, said " Origin, " a podcast created by Alex Lines and Nick Chirls, partners at the VC firm Notation Capital , is "excellent" for providing the LP perspective. "The Notation Capital hosts ask LPs the questions that are on general partners\' minds, such as how LPs think about allocating to new and emerging managers, tips and guidance for communicating well with LPs, and the LP view on markets and trends that need to be reflected in a manager\'s evolving strategy in order to stay current and succeed," Rooke said. 11. \' Built to Sell Radio \' with John Warrillow " Built to Sell Radio " airs weekly and features an entrepreneur who\'s recently sold their business to share why they sold it, focusing on their mistakes and victories along the way. "Host John Warrillow is a thought leader in his own right, focused on creating and maximizing business value on the customer side and on the exit side," SC Moatti said. "A great show to hear stories about entrepreneurs who made it all the way, with stories of entrepreneurs selling their businesses," Moatti added. "So many lessons that can be applied to early-stage startups, because at the end of the day, it doesn\'t matter how much money you raise, it\'s all about the exit and being able to land that plane." Read the original article on Business Insider', 'Chamath Palihapitiya cohosts the podcast "All-In." Brian Ach/Getty Images Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. They include "All-In" with Chamath Palihapitiya and "The Future of Everything" by the WSJ. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Global venture-capital funding in 2022 may have dipped 35% from 2021, according to a report by analytics company CB Insights, but VCs are still eager to make deals . It\'s a tough market right now, though, and investors need reliable insights, news, and information to spot opportunities and avoid making the wrong moves. Podcasts can help. Here are 11 great options, recommended by VCs,\xa0 founders, CEOs, and other industry insiders. 1. \'The Full Ratchet\' with Nick Moran Steve Taub, the managing director of investments at JetBlue Ventures , JetBlue Airways\' VC firm that\'s invested in startups like Joby and Flyr Labs , said he likes " The Full Ratchet " because it "demystifies" the VC world. The podcast\'s host, Nick Moran — the founder and general partner of New Stack Ventures — has interviewed VCs and startup founders like Mark Suster , Eric Paley , and Joanne Wilson on how they build great companies. "Moran often has interesting guest interviews, and I like the short \'investor stories\' about lessons learned and unusual situations," Taub said. "I like that they\'re brief so I can listen to them when I don\'t have time for a full interview." 2. \'Catalyst\' with Shayle Kann Taub is also a fan of " Catalyst ," which interviews investors, researchers, and executives knowledgeable about the world of climate tech. While this isn\'t a strictly VC-focused podcast, the host, Shayle Kann, is a partner at Energy Impact Partners and leads EIP\'s investments at the frontier of climate tech, so the show covers timely topics in the climate-tech space. Taub told Insider he listens to "Catalyst" because the threat of climate change — and humanity\'s response to it — is among the defining issues of the 21st century. "It will shape almost every aspect of our society and economy, so it\'s creating enormous opportunities for innovation and entrepreneurs," Taub said. "I think Kann does a great job of finding people with interesting ideas in the space, and he teases out the real challenges they need to overcome to be successful, so it\'s not just cheerleading." Story continues 3. \'The Twenty Minute VC\' with Harry Stebbings Andrew Gershfeld , a partner at the Boston-based investment fund Flint Capital — whose investments include the unicorns Socure (valued at $4.5 billion) and WalkMe (valued at $2.5 billion at IPO) — is a fan of " The Twenty Minute VC " podcast. "Permanent lack of time in an investor\'s life makes you very picky when it comes to podcasts," he told Insider. "I find the \'20VC\' podcast very useful and insightful. Listening to how other VCs speak about themselves and how entrepreneurs describe the VCs they work with helped me understand how to differentiate our firm from the crowd." Gershfeld said the host, Harry Stebbings, asks high fliers from successful VC firms — including Will Quist, a partner at Slow Ventures , and Kyle Harrison , a general partner at Contrary — how they forged investment scenarios to achieve big goals and what\'s impacted their leadership approach. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "He\'s a self-made VC professional who turned from a VC fan in his teens into a full-fledged investor who manages over $140 million ." 4. \'All-In\' with Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg Gershfeld loves the podcast " All-In " because so few podcasts cover "all major things of the week" — from economics and technology to politics and social agendas. He said the four hosts possess "unmatched experience" and knowledge about technology and the VC market. "Chamath Palihapitiya appears to be one of the few investors who has gone from VC into hedge-fund management," Gershfeld said. "Jason Calacanis has more than two decades in tech. David Sacks has over 20 unicorns in his portfolio, including Airbnb, Facebook, SpaceX, Twitter, and Uber. And David Friedberg of Climate Corporation, one of the first 1,000 employees at Google, helped run Google\'s AdWords and worked with Larry Page, Google\'s cofounder." Gershfeld favorite segments include " Reflecting on the first 100 shows ," and " Softbank\'s $21B+ Vision Fund loss ." 5. \' The Future of Everything \' by The Wall Street Journal The WSJ\'s\xa0" The Future of Everything " podcast is the top pick of Ryan Nelson, a partner at the early-stage venture studio and VC fund Jobi and the cofounder of Jobi Brands, which has helped build celebrity brands like Courteney Cox\'s home-care brand Homecourt and Kate Hudson\'s wellness brand Inbloom . "I love this podcast for being very far-forward-looking and covering potential changes in technology that could dramatically alter our world," Nelson said. "Personally, I\'m interested in how our lives and societal trends will evolve and be shaped by new inventions — or new applications of older technologies. "I think it\'s worthwhile to understand what types of opportunities to be on the lookout for in the near to medium term that are in line with these longer-term movements. By the time things are very obvious and in the mainstream, it can be too late to capitalize fully on the opportunity provided." 6. \' Venture Unlocked \' with Samir Kaji Jenny He — the founder and general partner of Position Ventures ,\xa0an early-stage venture fund backed by Bain Capital\xa0Ventures and Tiger Global that\'s invested in Fractal , Anrok , and WorkWhile — said the Allocate CEO and founder Samir Kaji\'s\xa0" Venture Unlocked "\xa0podcast is "a must-listen for any emerging manager or anyone looking to get into venture capital." The podcast interviews fund managers from all walks of life to reveal their approach to venture, trends they\'re seeing in the market, and how they got started with their first fund, featuring interviews with established VCs as well as emerging managers on their first fund. One of He\'s favorite episodes is " Alex Ohanian on the new era of VC ." "\'Venture Unlocked\' gives listeners\xa0unique access into the world of starting and scaling a venture-capital firm — as well as a rare glimpse into the LP perspective, which few people know the ins and outs of,"\xa0He said. "As a first-time fund manager, it was valuable to hear from other\xa0fund managers on how they got started, as starting a fund is also a founder journey." 7. \' Capital Allocators \' with Ted Seides Ted Seides, an allocator and asset-management expert, hosts " Capital Allocators — Inside the Institutional Investment Industry ," which SC Moatti , the founding managing partner of the San Francisco-based VC firm Mighty Capital , a backer of Airbnb and Amplitude, said has "the most quality, in-depth discussions on how institutional investors select the VCs they invest in." "My favorite series of the show is their manager interviews, where an endowment will invite one of the venture funds they invested in — great nuggets on what makes VCs get excited about deals," Moatti added. 8. \' Masters of Scale \' with Reid Hoffman Chenxi Wang, the founder and general partner of the Silicon Valley-based venture fund Rain Capital and a former executive at Intel and Forrester, is a fan of the " Masters of Scale " podcast, where the LinkedIn cofounder Reid Hoffman proves unconventional theories about how businesses scale and interviews top CEOs. "As a general partner of a venture fund, I don\'t have a lot of time, but I can always learn something valuable from Reid\'s conversations with leaders who have scaled a massively successful business," Wang said. "In my opinion, building a successful startup is 30% about the idea and 70% about the ability to scale up the operation. Scaling a business is about building repeatable motions, establishing meaningful business metrics, and responding to evolving market conditions. The \'Masters of Scale\' podcast hits on those aspects really well, and I recommend all founders listen to this podcast and make it a regular resource." 9. \'What Is Money?\' with Robert Breedlove Nathan Montone, the cofounder and CEO of M31 Capital Management , a global\xa0investment firm focused exclusively on crypto assets and blockchain\xa0technology, and an early backer and advisor to Helium, lists " What Is Money? " with Robert Breedlove, a former hedge-fund manager and philosopher in the bitcoin space, as one of his favorite podcasts and the best starting point for anyone looking for a "first principles understanding" of monetary technologies. "\'What Is Money?\' takes deep philosophical dives into the importance of bitcoin through historical, political, technical, and spiritual lenses," Montone said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is." 10. \' Origins \' by Notation Jenny Rooke, the managing director of Genoa Ventures , a VC investing in early-stage companies like Intabio and InterVenn in the biology and tech sectors, said " Origin, " a podcast created by Alex Lines and Nick Chirls, partners at the VC firm Notation Capital , is "excellent" for providing the LP perspective. "The Notation Capital hosts ask LPs the questions that are on general partners\' minds, such as how LPs think about allocating to new and emerging managers, tips and guidance for communicating well with LPs, and the LP view on markets and trends that need to be reflected in a manager\'s evolving strategy in order to stay current and succeed," Rooke said. 11. \' Built to Sell Radio \' with John Warrillow " Built to Sell Radio " airs weekly and features an entrepreneur who\'s recently sold their business to share why they sold it, focusing on their mistakes and victories along the way. "Host John Warrillow is a thought leader in his own right, focused on creating and maximizing business value on the customer side and on the exit side," SC Moatti said. "A great show to hear stories about entrepreneurs who made it all the way, with stories of entrepreneurs selling their businesses," Moatti added. "So many lessons that can be applied to early-stage startups, because at the end of the day, it doesn\'t matter how much money you raise, it\'s all about the exit and being able to land that plane." Read the original article on Business Insider', 'Despite a rise in crypto prices so far this year, it\'s been a rough 2023 for the industry. FTiare/Getty Images Major crypto companies, including Crypto.com, Coinbase and Genesis, have announced layoffs in 2023. To make matters more complicated, the SEC just filed charges against two major players in crypto. Despite recent turmoil, prices of major cryptocurrencies like Bitcoin and Ethereum are up so far this year. It\'s a cruel, cruel winter for the world of crypto. The new year has barely begun, but so far, the pain that the cryptocurrency industry experienced in 2022 has shown no sign of slowing down: Thousands have been given the pink slip, and the Securities and Exchange Commission levied charges against two major players in the industry. Here\'s a quick recap of what\'s already happened: Two weeks of mass layoffs CEO Brian Armstrong recently announced that Coinbase would lay off 20% of its staff. Patrick T. Fallon / Getty Images In the early days of January, several major companies in the cryptocurrency industry, such as Genesis, Coinbase, Blockchain.com, and Crypto.com , announced plans to significantly reduce their workforces . For a few of these companies, such as Crypto.com and Genesis, this marks the second round of layoffs within a short period, following previous headcount cuts during the summer due to a decline in cryptocurrency prices. In this recent spate of layoff announcements, some companies alluded to "unscrupulous actors," while others directly addressed the elephant in the room: FTX\'s bankruptcy. FTX\'s fingerprints Federal prosecutors have charged Sam Bankman-Fried with fraud, money laundering, and campaign finance violations. David Dee Delgado/Getty Images Indeed, Sam Bankman-Fried\'s company\'s spectacular implosion in November has created ripple effects that are still causing pain in the industry. Crypto investors still cannot pull some assets from crypto exchanges like Gemini, and there is a growing distrust in centralized exchanges among average investors. Legal hurdles The SEC sued Tyler and Cameron Winklevoss\' company for offering and selling unregistered securities. Astrid Stawiarz/Getty Images To make the situation even thornier, the SEC on Friday accused cryptocurrency companies Genesis and Gemini, founded by the Winklevoss twins of Facebook fame, of unlawfully offering unregistered securities for sale. The charges come after SEC Chairman Gary Gensler faced criticism from some investors for failing to protect against FTX\'s alleged abuses. Story continues While some leaders in the crypto world, like the CEOs of Coinbase and Ripple, have asked for more regulation around crypto trading in the past, the charges did not go over well with Gemini CEO Tyler Winklevoss, who criticized the SEC\'s actions as "totally counterproductive" on Twitter. Despite the current turmoil in the industry, with some analysts questioning how much more strain the industry can take, cryptocurrency prices are faring relatively well: both Bitcoin and Ethereum prices are up by double-digit percentages since the start of the year. Read the original article on Business Insider', '• Major crypto companies, including Crypto.com, Coinbase and Genesis, have announced layoffs in 2023.\n• To make matters more complicated, the SEC just filed charges against two major players in crypto.\n• Despite recent turmoil, prices of major cryptocurrencies like Bitcoin and Ethereum are up so far this year.\nIt\'s a cruel, cruel winter for the world of crypto.\nThe new year has barely begun, but so far, the pain that the cryptocurrency industry experienced in 2022 has shown no sign of slowing down: Thousands have been given the pink slip, and the Securities and Exchange Commission levied charges against two major players in the industry.\nHere\'s a quick recap of what\'s already happened:\nTwo weeks of mass layoffs\nIn the early days of January, several major companies in the cryptocurrency industry, such as Genesis, Coinbase, Blockchain.com, andCrypto.com, announced plans to significantlyreduce their workforces. For a few of these companies, such as Crypto.com and Genesis, this marks the second round of layoffs within a short period, following previous headcount cuts during the summer due to a decline in cryptocurrency prices.\nIn this recent spate of layoff announcements, some companiesalluded to"unscrupulous actors," while othersdirectly addressedthe elephant in the room: FTX\'s bankruptcy.\nFTX\'s fingerprints\nIndeed, Sam Bankman-Fried\'s company\'sspectacular implosionin November has created ripple effects that are still causing pain in the industry.\nCrypto investors still cannot pull some assets from crypto exchanges like Gemini, and there is a growing distrust in centralized exchanges among average investors.\nLegal hurdles\nTo make the situation even thornier, theSEC on Friday accused cryptocurrency companiesGenesis and Gemini, founded by the Winklevoss twins of Facebook fame, of unlawfully offering unregistered securities for sale. The charges come after SEC Chairman Gary Gensler faced criticism from some investors for failing to protect against FTX\'s alleged abuses.\nWhile some leaders in the crypto world, like the CEOs of Coinbase and Ripple,have askedfor more regulation around crypto trading in the past, the charges did not go over well with Gemini CEO Tyler Winklevoss, whocriticizedthe SEC\'s actions as "totally counterproductive" on Twitter.\nDespite the current turmoil in the industry, with some analysts questioning how much more strain the industry can take, cryptocurrency prices are faring relatively well: both Bitcoin and Ethereum prices are up by double-digit percentages since the start of the year.\nRead the original article onBusiness Insider', 'Crypto investors have been starved for good news for months and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November.\nThe surprise rally was holding up as of mid-day Sunday with Bitcoin tradingaround $20,600after briefly eclipsing $21,000 on Saturday. The weekend breakout comes after Bitcoin\'s price had been stuck in a narrow band around $17,000 for weeks.\nFans took toTwitterto celebrate the recent uptick, noting it was Bitcoin\'s biggest one week gain in almost two years, and that the currency appears to have already bounced back from FTX\'s demise, which many regarded as an existential event for the crypto industry.\nhttps://twitter.com/BTC_Archive/status/1614361731496640519\nhttps://twitter.com/BTC_Archive/status/1614314298343292928\nMeanwhile, the CEO of the world\'s biggest exchange, Binance, used the rally to mock celebrity stock picker Jim Cramer, who has been famously wrong about crypto on numerous occasions and on January 9 suggested it was a good time for investors ditch their crypto positions.\nhttps://twitter.com/cz_binance/status/1614389269342162944\nIt\'s no surprise to see crypto boosters taking a celebratory lap after the recent rally, which represents a gain of more than 20% for Bitcoin. What is less clear is the cause of the uptick and whether it is sustainable.\nThe most common explanation for Bitcoin\'s bounce back is a spate of positive macroeconomic news, notably reports that inflation is easing. The price of cryptocurrencies have historically tracked trends in the larger economy with investors more willing to be on them when times are good, so Bitcoin\'s recent gains are likely explained in part by the Labor Department\'s latestConsumer Product Index.\nNot everyone is convinced Bitcoin\'s upward momentum is here to stay, however. One analysttoldBloombergthat recent trading patterns suggest prices are unlikely to go past $21,500, pointing to "deeply overbought short-term readings [that] challenge positive momentum."\nMeanwhile, one quant analyst toldThe Blockthat Bitcoin\'s recent surge might be driven by futures traders looking to exploit short-term liquidity gaps at a time when a number of big players have left the crypto market. This could mean the recent rally is a temporary blip rather than a broader return of investor confidence. The analyst added, however, that he believes the market is near the bottom.\nIn any case, history shows that Bitcoin is highly subject to momentum and that it has embarked on long-term rallies at times when many mainstream investors have written it off. Finally, Bitcoin\'s fundamental value proposition—that it is a new type of decentralized and unhackable digital money—remains true even as the broader crypto market staggers through its worst period in recent memory.\nThis story was originally featured onFortune.com\nMore from Fortune:Air India slammed for ‘systemic failure’ after unruly male passenger flying business class urinated on a woman traveling from New YorkMeghan Markle’s real sin that the British public can’t forgive–and Americans can’t understand‘It just doesn’t work.’ The world’s best restaurant is shutting down as its owner calls the modern fine dining model ‘unsustainable’Bob Iger just put his foot down and told Disney employees to come back into the office', 'Crypto investors have been starved for good news for months and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November. The surprise rally was holding up as of mid-day Sunday with Bitcoin trading around $20,600 after briefly eclipsing $21,000 on Saturday. The weekend breakout comes after Bitcoin\'s price had been stuck in a narrow band around $17,000 for weeks. Fans took to Twitter to celebrate the recent uptick, noting it was Bitcoin\'s biggest one week gain in almost two years, and that the currency appears to have already bounced back from FTX\'s demise, which many regarded as an existential event for the crypto industry. https://twitter.com/BTC_Archive/status/1614361731496640519 https://twitter.com/BTC_Archive/status/1614314298343292928 Meanwhile, the CEO of the world\'s biggest exchange, Binance, used the rally to mock celebrity stock picker Jim Cramer, who has been famously wrong about crypto on numerous occasions and on January 9 suggested it was a good time for investors ditch their crypto positions. https://twitter.com/cz_binance/status/1614389269342162944 It\'s no surprise to see crypto boosters taking a celebratory lap after the recent rally, which represents a gain of more than 20% for Bitcoin. What is less clear is the cause of the uptick and whether it is sustainable. The most common explanation for Bitcoin\'s bounce back is a spate of positive macroeconomic news, notably reports that inflation is easing. The price of cryptocurrencies have historically tracked trends in the larger economy with investors more willing to be on them when times are good, so Bitcoin\'s recent gains are likely explained in part by the Labor Department\'s latest Consumer Product Index . Not everyone is convinced Bitcoin\'s upward momentum is here to stay, however. One analyst told Bloomberg that recent trading patterns suggest prices are unlikely to go past $21,500, pointing to "deeply overbought short-term readings [that] challenge positive momentum." Story continues Meanwhile, one quant analyst told The Block that Bitcoin\'s recent surge might be driven by futures traders looking to exploit short-term liquidity gaps at a time when a number of big players have left the crypto market. This could mean the recent rally is a temporary blip rather than a broader return of investor confidence. The analyst added, however, that he believes the market is near the bottom. In any case, history shows that Bitcoin is highly subject to momentum and that it has embarked on long-term rallies at times when many mainstream investors have written it off. Finally, Bitcoin\'s fundamental value proposition\x97that it is a new type of decentralized and unhackable digital money\x97remains true even as the broader crypto market staggers through its worst period in recent memory. This story was originally featured on Fortune.com More from Fortune: Air India slammed for \x91systemic failure\x92 after unruly male passenger flying business class urinated on a woman traveling from New York Meghan Markle\x92s real sin that the British public can\x92t forgive\x96and Americans can\x92t understand \x91It just doesn\x92t work.\x92 The world\x92s best restaurant is shutting down as its owner calls the modern fine dining model \x91unsustainable\x92 Bob Iger just put his foot down and told Disney employees to come back into the office', 'Crypto investors have been starved for good news for months and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November.\nThe surprise rally was holding up as of mid-day Sunday with Bitcoin tradingaround $20,600after briefly eclipsing $21,000 on Saturday. The weekend breakout comes after Bitcoin\'s price had been stuck in a narrow band around $17,000 for weeks.\nFans took toTwitterto celebrate the recent uptick, noting it was Bitcoin\'s biggest one week gain in almost two years, and that the currency appears to have already bounced back from FTX\'s demise, which many regarded as an existential event for the crypto industry.\nhttps://twitter.com/BTC_Archive/status/1614361731496640519\nhttps://twitter.com/BTC_Archive/status/1614314298343292928\nMeanwhile, the CEO of the world\'s biggest exchange, Binance, used the rally to mock celebrity stock picker Jim Cramer, who has been famously wrong about crypto on numerous occasions and on January 9 suggested it was a good time for investors ditch their crypto positions.\nhttps://twitter.com/cz_binance/status/1614389269342162944\nIt\'s no surprise to see crypto boosters taking a celebratory lap after the recent rally, which represents a gain of more than 20% for Bitcoin. What is less clear is the cause of the uptick and whether it is sustainable.\nThe most common explanation for Bitcoin\'s bounce back is a spate of positive macroeconomic news, notably reports that inflation is easing. The price of cryptocurrencies have historically tracked trends in the larger economy with investors more willing to be on them when times are good, so Bitcoin\'s recent gains are likely explained in part by the Labor Department\'s latestConsumer Product Index.\nNot everyone is convinced Bitcoin\'s upward momentum is here to stay, however. One analysttoldBloombergthat recent trading patterns suggest prices are unlikely to go past $21,500, pointing to "deeply overbought short-term readings [that] challenge positive momentum."\nMeanwhile, one quant analyst toldThe Blockthat Bitcoin\'s recent surge might be driven by futures traders looking to exploit short-term liquidity gaps at a time when a number of big players have left the crypto market. This could mean the recent rally is a temporary blip rather than a broader return of investor confidence. The analyst added, however, that he believes the market is near the bottom.\nIn any case, history shows that Bitcoin is highly subject to momentum and that it has embarked on long-term rallies at times when many mainstream investors have written it off. Finally, Bitcoin\'s fundamental value proposition—that it is a new type of decentralized and unhackable digital money—remains true even as the broader crypto market staggers through its worst period in recent memory.\nThis story was originally featured onFortune.com\nMore from Fortune:Air India slammed for ‘systemic failure’ after unruly male passenger flying business class urinated on a woman traveling from New YorkMeghan Markle’s real sin that the British public can’t forgive–and Americans can’t understand‘It just doesn’t work.’ The world’s best restaurant is shutting down as its owner calls the modern fine dining model ‘unsustainable’Bob Iger just put his foot down and told Disney employees to come back into the office', "We’ve now passed the second full week of 2023 and crypto fans’ patience and resilience have beenrewardedwith the first big price leaps in a long time. Most of the top cryptocurrencies by market capitalization have blown up by double-digit percentages over the last seven days.\nHowever, nobody is out of the woods yet. On Monday, Fox News journalist Charles Gasparino divulged the latest gossip from the wide-ranging and far-reaching FTX case.\nSecurity researcher andForbes 30 Under 30 winnerJane Manchun Wong reported that day that Twitter wants in on the coin action and appears to be preparing a digital economy of its own—although Twitter Coins will probably not launch on the blockchain.\nMinnesota Congressman Tom Emmer finally received a reply from the authorities after he sent a letter last fall criticizing the government’s decision to ban crypto privacy tool Tornado Cash. The treasury told Emmer it couldn't comment on pending litigation, and Emmer said he'll be happy to wait for to ask questions during a public House Committee on Financial Services hearing.\nHis Bitcoin buying habit may have causedmultimillion dollar lossesfor his country, but El Salvador’s authoritarian President Nayib Bukele wanted everyone to know on Wednesday that he’s still sold on Bitcoin and he’s taking his legislation to the next level to prove it.\nThe Twitter account for MetaMask Support warned users of a new style of exploit that day.\nOn Friday, Crypto.com co-founder and CEO\xa0Kris Marszalek announced that the exchange is about to make its third round of job cutssince June, citing “negative economic developments.”\nFinally, Sam Bankman-Fried wants you to know he has a blog.\nThe aftershocks of FTX’s collapse are still reverberating around the industry, spreading contagion, as highlighted by the new feudlast weekbetween crypto exchange Gemini and its creditor, Genesis, who allegedly owes users of Gemini’s Earn product $900 million.\nGemini co-founder Cameron Winklevoss sent Digital Currency Group (DCG) chief Barry Silbert—who wholly owns Genesis—anotheropen letter this week, throwing more accusations of fraud, lies and greed at him. The DCG account called his claims a “desperate and unconstructive publicity stunt.”\nLater in the week Silbert shared a “DCG Letter to Shareholders” in which he calls out “bad actors and blow-ups” that “have wreaked havoc on our industry.” He goes on to say that this year the industry’s “credibility and reputation” have almost been destroyed “by a wave of unprecedented fraud and criminal behavior.” Silbert published an abridged version of the letter in the ensuing thread.\nOn Thursday, the United States Securities and Exchange Commission (SEC) got involved and fileda new set of chargesagainst both Gemini and Genesis alleging that Gemini’s Earn product was an unlicensed security.\nGemini co-founder and CEO Tyler Winklevoss immediately reacted, calling it a “counterproductive” move by the SEC. Later in the thread, Winklevoss said Gemini looks forward to defending itself against this “manufactured parking ticket.”\nRepublican Minnesota Congressman Tom Emmer heavily criticized the SEC’s approach.", "Illustration by Mitchell Preffer for Decrypt We’ve now passed the second full week of 2023 and crypto fans’ patience and resilience have been rewarded with the first big price leaps in a long time. Most of the top cryptocurrencies by market capitalization have blown up by double-digit percentages over the last seven days. However, nobody is out of the woods yet. On Monday, Fox News journalist Charles Gasparino divulged the latest gossip from the wide-ranging and far-reaching FTX case. BREAKING: Prosecutors are telling lawyers connected to @SBF_FTX fraud investigation the case is so sprawling that it could exhaust resources of the southern district since it includes potential bribery, campaign contribution violations, market manipulation on top of theft & fraud — Charles Gasparino (@CGasparino) January 9, 2023 Security researcher and Forbes 30 Under 30 winner Jane Manchun Wong reported that day that Twitter wants in on the coin action and appears to be preparing a digital economy of its own—although Twitter Coins will probably not launch on the blockchain. Twitter is working on Coins purchasing screen On the web, Twitter Coins purchase will be done through Stripe https://t.co/RFpWswnZfG pic.twitter.com/eAzPWjfoye — Jane Manchun Wong (@wongmjane) January 10, 2023 Minnesota Congressman Tom Emmer finally received a reply from the authorities after he sent a letter last fall criticizing the government’s decision to ban crypto privacy tool Tornado Cash. The treasury told Emmer it couldn't comment on pending litigation, and Emmer said he'll be happy to wait for to ask questions during a public House Committee on Financial Services hearing. Story continues Nearly 5 months later, Treasury responded to our inquiry about OFAC’s sanctioning of Tornado Cash smart contracts… decentralized, immutable contracts that enable transaction privacy on public blockchains. https://t.co/PiJUKMuUg4 pic.twitter.com/jVz70JK3Cq — Tom Emmer (@RepTomEmmer) January 10, 2023 His Bitcoin buying habit may have caused multimillion dollar losses for his country, but El Salvador’s authoritarian President Nayib Bukele wanted everyone to know on Wednesday that he’s still sold on Bitcoin and he’s taking his legislation to the next level to prove it. El Salvador’s Legislative Assembly has just approved, by an overwhelming majority, the new Digital Securities Law! Forward, always forward… More information on this thread👇🏼 https://t.co/8C21ZilyVP — Nayib Bukele (@nayibbukele) January 11, 2023 The Twitter account for MetaMask Support warned users of a new style of exploit that day. A new scam called 'Address Poisoning' is on the rise. Here's how it works: after you send a normal transaction, the scammer sends a $0 token txn, 'poisoning' the txn history. (1/3) — MetaMask Support (@MetaMaskSupport) January 11, 2023 On Friday, Crypto.com co-founder and CEO\xa0Kris Marszalek announced that the exchange is about to make its third round of job cuts since June , citing “negative economic developments.” Today we announced the difficult decision to reduce our global workforce by about 20%. — Kris | Crypto.com (@kris) January 13, 2023 Finally, Sam Bankman-Fried wants you to know he has a blog. https://t.co/XVd0BPHxEU — SBF (@SBF_FTX) January 12, 2023 Gemini vs Genesis: Week 2 The aftershocks of FTX’s collapse are still reverberating around the industry, spreading contagion, as highlighted by the new feud last week between crypto exchange Gemini and its creditor, Genesis, who allegedly owes users of Gemini’s Earn product $900 million. Gemini co-founder Cameron Winklevoss sent Digital Currency Group (DCG) chief Barry Silbert—who wholly owns Genesis— another open letter this week, throwing more accusations of fraud, lies and greed at him. The DCG account called his claims a “desperate and unconstructive publicity stunt.” This is another desperate and unconstructive publicity stunt from @cameron to deflect blame from himself and Gemini, who are solely responsible for operating Gemini Earn and marketing the program to its customers. — Digital Currency Group (@DCGco) January 10, 2023 Later in the week Silbert shared a “DCG Letter to Shareholders” in which he calls out “bad actors and blow-ups” that “have wreaked havoc on our industry.” He goes on to say that this year the industry’s “credibility and reputation” have almost been destroyed “by a wave of unprecedented fraud and criminal behavior.” Silbert published an abridged version of the letter in the ensuing thread. I’ve been reflecting quite a bit about the past year, the state of the industry and where things go from here. Here is an update to address those reflections, other developments and some speculation about @DCGco (1/10) https://t.co/xEohthubvD — Barry Silbert (@BarrySilbert) January 10, 2023 On Thursday, the United States Securities and Exchange Commission (SEC) got involved and filed a new set of charges against both Gemini and Genesis alleging that Gemini’s Earn product was an unlicensed security. Today we charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program. For more: — U.S. Securities and Exchange Commission (@SECGov) January 12, 2023 Gemini co-founder and CEO Tyler Winklevoss immediately reacted, calling it a “ counterproductive ” move by the SEC. Later in the thread, Winklevoss said Gemini looks forward to defending itself against this “manufactured parking ticket.” 4/ We look forward to defending ourselves against this manufactured parking ticket. And we will make sure this doesn’t distract us from the important recovery work we are doing. — Tyler Winklevoss (@tyler) January 12, 2023 Republican Minnesota Congressman Tom Emmer heavily criticized the SEC’s approach. . @GaryGensler is once again late to the game, “protecting” no one. Quite clear that his political “regulation through enforcement” strategy hurts everyday Americans. https://t.co/shJ03Zar5p — Tom Emmer (@RepTomEmmer) January 13, 2023", "A judge overseeing the FTX bankruptcy proceedingshas giventhe crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-regulated derivatives exchange LedgerX LLC, the equities-trading platform Embed Technologies, FTX Japan Holdings, and FTX Europe.\nInvestment bank Perella Weinberg has been tasked with beginning the sale process. According to acourt filingon January 8, Perella Weinberg partner Kevin Cofsky claimed that around 117 parties had expressed interest in purchasing the assets, and will now have access to information about them as part of their due diligence.\nAccording to the filing, interested parties must submit non-binding preliminary bids for the asset they are interested in acquiring, with a January 18 deadline for Embed, a January 25 deadline for LedgerX, and February 1 deadlines for both FTX Japan and FTX Europe.\nLawyers representing FTXbegan seeking permissionto sell the four entities on December 15, 2022, citing concerns about the potential for value loss. FTX Europe's licenses are currently suspended, and FTX Japan has also been subject to business suspension orders.\nWhy the IRS Has an Interest in the FTX Bankruptcy Case\nTo date, FTX has reportedlyrecoveredaround $5 billion in cash, cryptocurrencies, and liquid investments in securities, according to FTX lawyer Andy Dietderich. However, the total amount of the customer shortfall remains unclear.\nThe FTX restructuring team has faced some difficulties as it attempts to navigate some of the firm's more complex investments in DeFi. On-chain datashowsthat roughly $72,000 in Aave Wrapped BTC was lost, for example, when the team tried to move funds into a multi-sig wallet owned by Alameda Research.", "A judge overseeing the FTX bankruptcy proceedings has given the crypto exchange permission to sell off some of its assets in order to repay creditors. The assets that will be sold include the CFTC-regulated derivatives exchange LedgerX LLC, the equities-trading platform Embed Technologies, FTX Japan Holdings, and FTX Europe. Investment bank Perella Weinberg has been tasked with beginning the sale process. According to a court filing on January 8, Perella Weinberg partner Kevin Cofsky claimed that around 117 parties had expressed interest in purchasing the assets, and will now have access to information about them as part of their due diligence. According to the filing, interested parties must submit non-binding preliminary bids for the asset they are interested in acquiring, with a January 18 deadline for Embed, a January 25 deadline for LedgerX, and February 1 deadlines for both FTX Japan and FTX Europe. Lawyers representing FTX began seeking permission to sell the four entities on December 15, 2022, citing concerns about the potential for value loss. FTX Europe's licenses are currently suspended, and FTX Japan has also been subject to business suspension orders. Why the IRS Has an Interest in the FTX Bankruptcy Case To date, FTX has reportedly recovered around $5 billion in cash, cryptocurrencies, and liquid investments in securities, according to FTX lawyer Andy Dietderich. However, the total amount of the customer shortfall remains unclear. The FTX restructuring team has faced some difficulties as it attempts to navigate some of the firm's more complex investments in DeFi. On-chain data shows that roughly $72,000 in Aave Wrapped BTC was lost, for example, when the team tried to move funds into a multi-sig wallet owned by Alameda Research.", 'After as
**Last 60 Days of Bitcoin's Closing Prices:**
[16669.44, 16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-15
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $399,931,917,875
- Hash Rate: 280250606.7848099
- Transaction Count: 252086.0
- Unique Addresses: 605147.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: These top airline stocks to buy are expected to soar, all thanks to a busy holiday season. Over Thanksgiving break, an estimated55 million peoplewere expected to travel, according to AAA. Then, between, Christmas and New Year’s Day, AAA estimates about120 million peoplewill travel, with many by air. Thus, unless those millions of people plan on flapping their arms to take flight, that’s great news for airline stocks.
Notably, even with sky-high inflation, theAmerican Society of Travel Advisors, about 75% of Americans plan to spend more on travel. In addition, “40% of respondentssay that nothing is going to stop them from taking a vacation. Travelers are also eager to check things off their bucket lists in the very near future, with 25% planning to take a dream vacation by March 2023. The pandemic remains a big driver for travel intent, as well, with 70% of Americans looking at travel as a reward for what they have gone through over the past two years.”
That being the case, investors may want to consider these top airline stocks to buy.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
[{"JBLU": "JETS", "JetBlue": "US Global Jets", "$7.98": "$18.61"}, {"JBLU": "CRUZ", "JetBlue": "Defiance Hotel, Airline, and Cruise ETF", "$7.98": "$17.31"}, {"JBLU": "LUV", "JetBlue": "Southwest Airlines", "$7.98": "$39.22"}, {"JBLU": "AAL", "JetBlue": "American Airlines", "$7.98": "$14.50"}, {"JBLU": "UAL", "JetBlue": "United Airlines", "$7.98": "$44.42"}, {"JBLU": "DAL", "JetBlue": "Delta Air Lines", "$7.98": "$35.10"}]
Source: frank_peters / Shutterstock.com
After being grounded by the pandemic,JetBlue Airways(NASDAQ:JBLU) is an airline stock that’s poised to take off. In fact, I think if the stock can break above double top resistance around $8.54, it could potentially refill its gap around $10 shortly after.
Helping,CEO Robin Hayes said, “We continue to see a very healthy revenue environment with no signs of slowing demand for air travel,” as noted in the company’s third-quarter earnings call. In addition, the company posted a third-quarter profit, its first on an adjusted basis. For the quarter, JBLU posted a profit of $57 million, or 18 cents a share as compared to $130 million, or 40 cents a share last year. Sales were up 30% to $2.56 billion. JBLU is also trading at less than half of sales (0.30-times), and at less than book value (0.74-times).
Source: Shutterstock
One of the best ways to trade any hot sector is with an exchange-traded fund (ETF). Not only do these tools allow you to diversify, but they also allow you to do so at a lower cost.
TheUS Global Jets ETF(NYSE:JETS), for example, currently trades at $18.72 and has an expense ratio of 0.60%. Some of its top holdings includeUnited Airlines(NASDAQ:UAL),Delta Air Lines(NYSE:DAL),American Airlines(NASDAQ:AAL),Alaska Air Group(NYSE:ALK),JetBlue,Boeing(NYSE:BA),Booking Holdings(NASDAQ:BKNG),Expedia Group(NASDAQ:EXPE),Trip.com(NASDAQ:TCOM), and dozens more. If I wanted to buy 100 shares of JETS, it would cost about $1,872. With this ETF, I gain exposure to dozens of airline-related stocks. Meanwhile, if I were to buy 100 shares of just Booking Holdings and nothing else, it would cost me just under $200,000.
Source: Shutterstock
Another interesting ETF to consider is theDefiance Hotel, Airline, and Cruise ETF(NYSE:CRUZ). At $17.31, with an expense ratio of 0.45%, the ETF offers exposure to companies that derive at least 50% of their revenue from airlines, hotels, resorts, or cruise lines.
Also,according to Defiance ETFs, “The pre-Covid travel and tourism industry constituted 10% of the world economy and contributed $8.9 trillion to world GDP. The pandemic has cost the sector an estimated $3.3 trillion; that’s a lot of suppressed demand and growth potential.”
Some of the ETFs top holdings include Delta Airlines,Southwest Airlines(NYSE:LUV), United Airlines,Ryanair Holdings(NASDAQ:RYAAY),Hilton Worldwide(NYSE:HLT),Marriott International(NASDAQ:MAR), andCarnival(NYSE:CCL) to name a few.
Source: Shutterstock
Southwest Airlines appears ready for takeoff, too. After bottoming out around $31, LUV stock is now up to $39.22. If it can break above its prior resistance around $41.64, I’d like to see it test $45 shortly after. Better, “While there’s noise regarding whether we are headed into a recession or not or whether we may even be in one now, we have not seen any noticeable impact on our booking and revenue trends,”CEO Bob Jordansaid on a quarterly call.
The company’s earnings haven’t been too shabby either. Adjusted earnings per share came in at 50 cents, as compared to expectations for 42 cents. Revenue came in at $6.22 billion, as compared to estimates of $6.21 billion. Southwest Airlines is also a top airline stock pick forMorgan Stanley(NYSE:MS), thanks to its strong franchise and management team, as well as its balance sheet and recovering leisure and corporate travel.
Source: GagliardiPhotography / Shutterstock.com
American Airlines is another top option for investors looking for airlines stocks to buy. After finding double bottom support around $12, the stock is now up to $14.50. From here, if it can break above resistance around $15.50, it could see $18.
Earnings have been just as solid with this airline operator, as the company posted earnings per share of 69 cents in its third quarter on sales of $13.5 billion. Analysts were only looking for 54 cents on sales of $13.4 billion. American Airlines CEO Robert Isom also sees strong demand.
As noted in itsearnings release, “The American Airlines team continues to deliver on our goals of running a reliable operation and returning to profitability. Demand remains strong, and it’s clear that customers in the U.S. and other parts of the world continue to value air travel and the ability to reconnect post-pandemic. American has the youngest, most fuel-efficient fleet among U.S. network carriers, and we are well-positioned for the future because of the incredible efforts of our team.”
Source: EQRoy / Shutterstock.com
United Airlines is another carrier worth paying attention to. After finding double-bottom support around $32, the stock is now consolidating around $44.42. From here, I’d like to see UAL stock again challenge $52.50 near-term. In recent months, CEO Scott Kirby called third-quarter earnings, “the best operational quarter in our history,” as quoted by Barron’s.
For the quarter, the company posted adjusted earnings of $927 million, and total operating income of $12.9 billion, which was up just over 13% from the third quarter of 2019. Revenue per available seat per mile was 25.5% higher. Better, the company is optimistic about delivering strong financial results in the fourth quarter, and in 2023.
Analysts at Cowen have an outperform rating on the stock with a price target of $75.Citi(NYSE:C) analysts also have a buy rating on the stock with a price target of $56. “The carrier’s third-quarter results and fourth-quarter guide looked very strong, with unit revenue coming in above expectations and unit costs well-controlled, even if the carrier did seem to get a little help from a lower-than-expected third-quarter tax rate,”said Citi, as quoted by Barron’s.
Source: Shutterstock
Delta Air Lines rounds out this list of top airline stocks to buy. After finding support of around $28, the DAL stock is now up to $35.10. From here, I’d like to see it closer to $38.
While the company missed third-quarter estimates, it did provide an upbeat forecast for the fourth quarter. The stock was also upgraded to an outperform rating by analysts at Cowen, with a price target of $54. “The mix of air traffic passengers is shifting with higher yielding business and international passengers making up a great share,” they said,as quoted by Barron’s. “The former is directly correlated with the return to the office, while the latter receives a boost from loosening of pandemic restrictions.”
On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Photo: Booking.com Good evening, savvy property investors and interested home-buyers. Have you ever dreamed of a move to Hollywood, but were put off by a million-dollar pricetag? Well have I got the deal for you. For sale is this four-bedroom, three-bathroom family home, located just minutes from the North Hollywood shopping centre, surrounded by \x93an array of shops, dining and entertainment options\x94. The property has been \x93recently updated\x94, with vaulted ceilings and a \x93kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan\x94. Read more Cancelled D&D Beyond Subscriptions Forced Hasbro's Hand Let\x92s Talk About All the 40-Something Male Celebrities Dating Women in Their 20s Right Now Vinland Saga Season 2\x92s Farming Arc Is Planting Seeds For A Phenomenal Payoff I Have Questions for People Who Live in Skyscrapers Russia Wants to Trade 36 Hijacked Satellites for Soyuz Rocket Normally a house like that, in a location like this, would sell for well over one million dollars, but this is no normal house. This is the CRYPTO HOUSE, and for very obvious reasons, nobody wants to buy it. Photo: Booking.com Originally listed in October 2022 for $1.2 million , a complete lack of interest in the property has seen its asking price plummet to just $949,000 in just a matter of weeks. It\x92s not just buyers who are shunning the house, either; it\x92s listed on AirBnB as well, with a vacancy rate of...100% . Whenever you want the place, it\x92s available, because nobody wants to stay there in the short term either. Here is how agents describe the house on property site Zillow : Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options. Story continues What they\x92re not mentioning is the fact the house is packed with crypto and NFT stuff splashed across almost every wall, from Bored Ape wallpaper to a bedroom covered in the Doge face. There is even, right next to the kitchen, a huge neon sign that lights up to display the words \x93Crypto House\x94. Photo: Booking.com There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos. Oh, and a fireplace that is...metallic purple? This video by devlytle does a great job of taking us room-by-room: tiktok-7187131994214501674 A quick look at the property\x92s sales history shows that it sold in 2016 for $520,000, then in September 2021\x97presumably to the current owners, who have been renting it out as a \x93content space\x94\x97for $960,000, which was weirdly way over the $885,000 asking price from just a month earlier. Photo: Zillow Absolutely not. More from Kotaku Where Have We Seen This Britney Spears Coverage Before? Did Robert Griffin III subtweet Michael Vick? Critics Choice Awards 2023: Here's a look at this year's red carpet arrivals Snowpiercer's Final Season Won't Air on TNT, Because Of Course Not Carvana Lays Off More Employees and Cuts Hours Even Though It's Definitely for Sure Not Going Out of Business Sign up for Kotaku's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", "Photo: Booking.com Good evening, savvy property investors and interested home-buyers. Have you ever dreamed of a move to Hollywood, but were put off by a million-dollar pricetag? Well have I got the deal for you. For sale is this four-bedroom, three-bathroom family home, located just minutes from the North Hollywood shopping centre, surrounded by \x93an array of shops, dining and entertainment options\x94. The property has been \x93recently updated\x94, with vaulted ceilings and a \x93kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan\x94. Read more Cancelled D&D Beyond Subscriptions Forced Hasbro's Hand Let\x92s Talk About All the 40-Something Male Celebrities Dating Women in Their 20s Right Now Vinland Saga Season 2\x92s Farming Arc Is Planting Seeds For A Phenomenal Payoff I Have Questions for People Who Live in Skyscrapers Russia Wants to Trade 36 Hijacked Satellites for Soyuz Rocket Normally a house like that, in a location like this, would sell for well over one million dollars, but this is no normal house. This is the CRYPTO HOUSE, and for very obvious reasons, nobody wants to buy it. Photo: Booking.com Originally listed in October 2022 for $1.2 million , a complete lack of interest in the property has seen its asking price plummet to just $949,000 in just a matter of weeks. It\x92s not just buyers who are shunning the house, either; it\x92s listed on AirBnB as well, with a vacancy rate of...100% . Whenever you want the place, it\x92s available, because nobody wants to stay there in the short term either. Here is how agents describe the house on property site Zillow : Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options. Story continues What they\x92re not mentioning is the fact the house is packed with crypto and NFT stuff splashed across almost every wall, from Bored Ape wallpaper to a bedroom covered in the Doge face. There is even, right next to the kitchen, a huge neon sign that lights up to display the words \x93Crypto House\x94. Photo: Booking.com There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos. Oh, and a fireplace that is...metallic purple? This video by devlytle does a great job of taking us room-by-room: tiktok-7187131994214501674 A quick look at the property\x92s sales history shows that it sold in 2016 for $520,000, then in September 2021\x97presumably to the current owners, who have been renting it out as a \x93content space\x94\x97for $960,000, which was weirdly way over the $885,000 asking price from just a month earlier. Photo: Zillow Absolutely not. More from Kotaku Where Have We Seen This Britney Spears Coverage Before? Did Robert Griffin III subtweet Michael Vick? Critics Choice Awards 2023: Here's a look at this year's red carpet arrivals Snowpiercer's Final Season Won't Air on TNT, Because Of Course Not Carvana Lays Off More Employees and Cuts Hours Even Though It's Definitely for Sure Not Going Out of Business Sign up for Kotaku's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", 'Investors looking for cheap lithium stocks likely understand the immense growth potential the sector offers. The rapid growth in electric vehicles has spurred rapid growth in demand for lithium, a chemical element that is a key component in EV batteries. In short, there is no EV revolution without lithium. With demand significantly outpacing supply , lithium prices have soared over the past few years. Although it\x92s possible prices will contract this year, led by a slowdown in the Chinese market, analysts expect high demand will continue to support prices. \x93While some normalization of current high spot prices is possible, on the contract side, we believe that the market will remain tight in 2023, with insufficient supply coming on stream,\x94 Vulcan Energy Resources ( OTCMKTS: VULNF ) CEO and Managing Director Francis Wedin recently told S&P Global Commodity Insights . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Perhaps one of the best-known lithium plays is Albemarle (NYSE: ALB ). Shares of the specialty chemicals company rocketed 584% from a March 2020 low below $50 to an all-time high of $334.55 in November. However, shares currently sit 28% below that high. This decline comes amid a pullback in lithium prices from their all-time highs and concerns about how a faltering economy may impact EV sales, especially in China, the world\x92s largest EV market. Yet, for investors who are willing to play the long game, there are a number of cheap lithium stocks to consider. Just keep in mind that the names below carry a good deal of risk, especially those that fall into the penny-stock category. But for those who are not afraid to speculate, the names below could deliver explosive gains. LITM Snow Lake Resources $2.51 TELHF Tearlach Resources $1.80 GNENF Ganfeng Lithium Group $8.05 PILBF Pilbara Minerals $2.80 LAC Lithium Americas $20.70 MALRF Mineral Resources $60.00 NRVTF Noram Lithium $0.46 Cheap Lithium Stocks: Snow Lake Resources (LITM) Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around it Source: GrAl / Shutterstock.com Story continues Snow Lake Resources (NASDAQ: LITM ) is a mineral exploration firm headquartered in Winnipeg, Canada. Following a recent acquisition , the company owns the rights to 59,587 acres of land, of which only 1% has been explored. According to Snow Lake, that 1% has proven to contain 11.1 million metric tonnes of lithium. Beginning in 2025, Snow Lake expects to produce 160,000 tonnes of 6% lithium spodumene a year over a 10-year period, or enough to manufacture around 5 million EV batteries. While its potential is clear, Snow Lake Resources is a pre-revenue firm and could remain that way for some time. Unlike most of the cheap lithium stocks on today\x92s list, however, it has the advantage of being a Nasdaq -listed security. The Nasdaq is a centralized network, whereas the over-the-counter market shares listed here rely on broker-dealer networks not classified as stock exchanges. Additionally, the company\x92s relative proximity to North American vehicle manufacturing supply chains should be a positive. Just one analyst covers the stock, but they have a one-year target price of $15 . This would represent a gain of nearly 500% from current levels. Tearlach Resources (TELHF) lithium (LI) on the periodic table Source: Shutterstock Vancouver-based Tearlach Resources (OTCMKTS: TELHF ) is an exploration company that is expanding its lithium footprint. Just this week, the firm said it will acquire two more lithium mining projects in Canada, bringing its total Canadian projects to five. According to the company, it has brought together the world\x92s leading lithium experts to discover what it calls \x93super lithium,\x94 or the high-grade lithium needed to produce batteries. The management team in question includes Paul Chow, co-founder and former CEO of Rock Tech Lithium ( OTCMKTS: RCKTF ), and Lindsay Bottomer, who was part of the team that discovered one of the world\x92s biggest copper-gold mines. Some recent developments in the Great White North could bode well for Tearlach. First, it\x92s rumored that Tesla (NASDAQ: TSLA ) is considering Canada as a potential location for its next gigafactory as part of its strategy to produce 20 million EVs a year by the end of the decade. To achieve this goal, Tesla will require a lot of high-quality lithium, which Tearlach could help provide. Further, in November, it was reported that the U.S. military was considering funding Canadian mining projects as a way to decrease dependence on China for critical minerals such as lithium. As another pre-revenue company and penny stock, shares carry a lot of risk. However, given their low price, investors may feel that the potential upside in Tearlach far outweighs the risk of taking a small position here. Cheap Lithium Stocks: Ganfeng Lithium Group (GNENF) a group of batteries Source: Shutterstock China-based Ganfeng Lithium Group (OTCMKTS: GNENF ) \x93covers a wide swath of the lithium battery supply chain, from lithium resource development, refining and processing to battery manufacturing to battery recycling,\x94 according to the company . As I mentioned earlier, China is the largest electric vehicle market in the world. China\x92s share of global EV sales is projected to have exceeded 60% in 2022 , up from 48% in 2021. Ganfeng is positioned to become a global powerhouse in the industry. Already, the company bills itself as China\x92s largest lithium metal producer and the world\x92s third-largest. By 2030, Ganfeng plans to produce at least 600,000 tonnes of lithium carbonate equivalent a year, boosting its capacity by fivefold over 2021 levels. The stock has struggled since topping out in August 2021 above $22 a share, as investors became leery of Chinese stocks amid heightened tensions and regulatory uncertainty. Today, shares trade for around $8. Yet, analysts remain bullish on GNENF. Of the 13 who cover it, 11 rate it a \x93buy\x94 or \x93overweight,\x94 with one \x93hold\x94 and just one \x93sell\x94 rating. Their average price target is $88.16. For investors who are willing to accept the risk GNENF entails , a move to that level would mean a return of 995%, or a near 10-bagger. Pilbara Minerals (PILBF) a lithium mine Source: Shutterstock Located in the Pilbara region of Western Australia, Pilbara Minerals (OTCMKTS: PILBF ) calls itself a lithium pure-play , \x93owning 100% of the world\x92s largest, independent hard-rock lithium operation.\x94 The company currently oversees two fully operational projects and is looking to expand, in part through a joint venture with South Korea\x92s POSCO Holdings (NYSE: PKX ). It also has a long-term off-take deal with\xa0Ganfeng Lithium. Pilbara Minerals experienced rapid revenue and profit growth in fiscal 2022 and ended the year with a strong cash balance of $874.2 million. As the company noted in its fiscal year 2022 annual report , this was due to \x93strong production and pricing underpinned by increasing global demand for lithium, primarily driven by the transport sector and the electrification of vehicles.\x94 Moreover, as SeekingAlpha contributor Orchird Research points out , in the company\x92s first quarter of fiscal 2023 alone, sales nearly surpassed those for all of FY 2022. And the company\x92s cash position swelled to nearly $1.4 billion. Over the past six months, shares have rocketed higher by more than 40%. The good news is that analysts see continued upside over the next 12 months, with an average target price of $3.60 . That implies upside of 29% from current levels, while long-term investors could see much greater rewards as demand for lithium continues to increase. Cheap Lithium Stocks: Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com Lithium Americas (NYSE: LAC ) is one of the cheap lithium stocks that I have been bullish on for some time. The company is nearing production, is well funded, and controls a significant and strategically important lithium asset. The company is developing mining operations in Argentina, at Cauchari-Olaroz and Pastos Grandes, and in Nevada, at Thacker Pass. The Thacker Pass operation is in the process of receiving rights to begin construction. The Thacker Pass lithium resource is thought to be the largest known lithium resource in the United States. The importance of the Thacker Pass should not be understated. The federal government is investing heavily in the development of a U.S. lithium supply to support burgeoning domestic EV manufacturing. Provided things go Lithium Americas\x92 way in court , the company should see investment dollars flow in and shareholders should see a spike in the stock. While LAC is up more than 9% so far this year, it is much closer to its 52-week low than its 52-week high. In fact, a move back to that high, made in March, would provide investors with a 95% return.\xa0Of course, if things don\x92t pan out for Lithium Americas in court, be prepared for a sharp downward move. Mineral Resources (MALRF) a pile of lithium Source: Bjoern Wylezich/ShutterStock.com Mineral Resources (OTCMKTS: MALRF ) is the second of the cheap lithium stocks with operations in Western Australia. Rather than a lithium pure play, though, the company is diversified across iron ore and lithium mining, as well as renewable and non-renewable energy.\xa0 Along with its subsidiaries, Mineral Resources offers \x93 pit-to-port mining and mining logistics services \x97 including exploration, planning, mine design and construction, the construction and operation of minerals process facilities, commodity transportation and marketing services.\x94 Mineral Resources\x92 lithium segment is a 50/50 joint venture with Ganfeng Lithium. You\x92re probably noticing that Ganfeng Lithium, in addition to its own operations, invests heavily in the sector. Ganfeng\x92s success and scale should assure investors that Mineral Resources is a reasonable investment as well. The two firms are working to increase production at Mount Marion in Australia. In April, they said they planned to boost annual production of mixed-grade spodumene concentrate from 450,000 tonnes to 600,000 tonnes, in addition to planned upgrades that would boost capacity to 900,000 tonnes a year in early 2023. MALRF has delivered solid returns for investors, up 32% over the past 12 months and 258% over the past five years. Of the 16 analysts covering the stock , 13 rate it a \x93buy\x94 or \x93overweight,\x94 with three \x93holds\x94 and no \x93sells.\x94 Their average price target of $97.61 represents upside of 63%. Cheap Lithium Stocks: Noram Lithium (NRVTF) a construction worker looks on as an excavator gets to work in a mine Source: Shutterstock Last up on today\x92s list of cheap lithium stocks to buy is Canadian exploration and development company Noram Lithium (OTCMKTS: NRVTF ), which is working to bring the Zeus Lithium Project to production in Nevada. This asset is strategically located next to the Silver Peak mining operations of Albemarle, the world\x92s largest lithium producer, and Tesla\x92s Nevada gigafactory . Among its 2022 highlights , Noram Lithium said it secured $14 million in strategic financing that will keep it fully financed through the end of this year. In addition to a strong cash position, the company is debt free . Moreover, it could get funding from the U.S. government, which is looking to bolster domestic lithium production. With a share price of less than 50 cents and no revenue to speak of, Noram Lithium is clearly a speculative investment. However, if the stock can hit the target price of $2.01 , investors could see a return of 337% from current levels. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks.Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 It doesn\x92t matter if you have $500 or $5 million. Do this now. The post 7 Cheap Lithium Stocks to Buy for Mega Upside Potential appeared first on InvestorPlace .', 'Investors looking for cheap lithium stocks likely understand the immense growth potential the sector offers. Therapid growth in electric vehicleshas spurred rapid growth in demand for lithium, a chemical element that is a key component in EV batteries. In short, there is no EV revolution without lithium.\nWithdemand significantly outpacing supply, lithium prices have soared over the past few years. Although it’s possible prices will contract this year, led by a slowdown in the Chinese market, analysts expect high demand will continue to support prices.\n“While some normalization of current high spot prices is possible, on the contract side, we believe that the market will remain tight in 2023, with insufficient supply coming on stream,”Vulcan Energy Resources(OTCMKTS:VULNF) CEO and Managing Director Francis Wedin recentlytold S&P Global Commodity Insights.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nPerhaps one of the best-known lithium plays isAlbemarle(NYSE:ALB). Shares of the specialty chemicals company rocketed 584% from a March 2020 low below $50 to an all-time high of $334.55 in November. However, shares currently sit 28% below that high. This decline comes amid a pullback in lithium prices from their all-time highs and concerns about how a faltering economy may impact EV sales, especially in China, the world’s largest EV market.\nYet, for investors who are willing to play the long game, there are a number of cheap lithium stocks to consider. Just keep in mind that the names below carry a good deal of risk, especially those that fall into the penny-stock category. But for those who are not afraid to speculate, the names below could deliver explosive gains.\n[{"LITM": "TELHF", "Snow Lake Resources": "Tearlach Resources", "$2.51": "$1.80"}, {"LITM": "GNENF", "Snow Lake Resources": "Ganfeng Lithium Group", "$2.51": "$8.05"}, {"LITM": "PILBF", "Snow Lake Resources": "Pilbara Minerals", "$2.51": "$2.80"}, {"LITM": "LAC", "Snow Lake Resources": "Lithium Americas", "$2.51": "$20.70"}, {"LITM": "MALRF", "Snow Lake Resources": "Mineral Resources", "$2.51": "$60.00"}, {"LITM": "NRVTF", "Snow Lake Resources": "Noram Lithium", "$2.51": "$0.46"}]\nSource: GrAl / Shutterstock.com\nSnow Lake Resources(NASDAQ:LITM) is a mineral exploration firm headquartered in Winnipeg, Canada. Followinga recent acquisition, the company owns the rights to 59,587 acres of land, of which only 1% has been explored. According to Snow Lake, that 1% has proven to contain 11.1 million metric tonnes of lithium.\nBeginning in 2025, Snow Lake expects toproduce 160,000 tonnesof 6% lithium spodumene a year over a 10-year period, or enough to manufacture around 5 million EV batteries.\nWhile its potential is clear,Snow Lake Resources is a pre-revenue firm and could remain that way for some time.Unlike most of the cheap lithium stocks on today’s list, however, ithas the advantage of being aNasdaq-listed security. The Nasdaq is a centralized network, whereas the over-the-counter market shares listed here rely on broker-dealer networks not classified as stock exchanges.Additionally, the company’s relative proximity to North American vehicle manufacturing supply chains should be a positive.\nJust one analyst covers the stock, but they have a one-yeartarget price of $15. This would represent a gain of nearly 500% from current levels.\nSource: Shutterstock\nVancouver-basedTearlach Resources(OTCMKTS:TELHF) is an exploration company that is expanding its lithium footprint. Just this week, the firm said it willacquire two more lithium mining projectsin Canada, bringing its total Canadian projects to five.\nAccording to the company, it has brought together the world’s leading lithium experts to discover what it calls “super lithium,” or the high-grade lithium needed to produce batteries. Themanagement teamin question includes Paul Chow, co-founder and former CEO ofRock Tech Lithium(OTCMKTS:RCKTF), and Lindsay Bottomer, who was part of the team that discovered one of the world’s biggest copper-gold mines.\nSome recent developments in the Great White North could bode well for Tearlach. First, it’s rumored thatTesla(NASDAQ:TSLA) isconsidering Canadaas a potential location for its next gigafactory as part of its strategy to produce 20 million EVs a year by the end of the decade. To achieve this goal, Tesla will require a lot of high-quality lithium, which Tearlach could help provide.\nFurther, in November,it was reportedthat the U.S. military was considering funding Canadian mining projects as a way to decrease dependence on China for critical minerals such as lithium.\nAs another pre-revenue company and penny stock, shares carry a lot of risk. However, given their low price, investors may feel that the potential upside in Tearlach far outweighs the risk of taking a small position here.\nSource: Shutterstock\nChina-basedGanfeng Lithium Group(OTCMKTS:GNENF) “covers a wide swath of the lithium battery supply chain, from lithium resource development, refining and processing to battery manufacturing to battery recycling,”according to the company.\nAs I mentioned earlier, China is the largest electric vehicle market in the world. China’s share of global EV sales is projected to haveexceeded 60% in 2022, up from 48% in 2021.\nGanfeng is positioned to become aglobal powerhouse in the industry.Already, the company bills itself as China’s largest lithium metal producer and the world’s third-largest.By 2030,Ganfeng plans to produceat least 600,000 tonnesof lithium carbonate equivalent a year, boosting its capacity by fivefold over 2021 levels.\nThe stock has struggled since topping out in August 2021 above $22 a share, as investors became leery of Chinese stocks amid heightened tensions and regulatory uncertainty. Today, shares trade for around $8.\nYet,analysts remain bullishonGNENF. Of the 13 who cover it, 11 rate it a “buy” or “overweight,” with one “hold” and just one “sell” rating. Their average price target is $88.16. For investors whoare willing to accept the riskGNENF entails, a move to that level would mean a return of 995%, or a near 10-bagger.\nSource: Shutterstock\nLocated in the Pilbara region of Western Australia,Pilbara Minerals(OTCMKTS:PILBF) calls itself alithium pure-play, “owning 100% of the world’s largest, independent hard-rock lithium operation.”The company currently oversees two fully operational projects and is looking to expand, in part through ajoint venturewith South Korea’sPOSCO Holdings(NYSE:PKX). It also has along-term off-take dealwith\xa0Ganfeng Lithium.\nPilbara Minerals experienced rapid revenue and profit growth in fiscal 2022 and ended the year with a strongcash balance of $874.2 million.As the company noted in itsfiscal year 2022 annual report, this was due to “strong production and pricing underpinned by increasing global demand for lithium, primarily driven by the transport sector and the electrification of vehicles.”\nMoreover, asSeekingAlphacontributorOrchird Research points out, in the company’s first quarter of fiscal 2023 alone, sales nearly surpassed those for all of FY 2022. And the company’s cash position swelled to nearly $1.4 billion.\nOver the past six months, shares have rocketed higher by more than 40%. The good news is that analysts see continued upside over the next 12 months, with an averagetarget price of $3.60. That implies upside of 29% from current levels, while long-term investors could see much greater rewards as demand for lithium continues to increase.\nSource: Wirestock Creators / Shutterstock.com\nLithium Americas(NYSE:LAC) is one of the cheap lithium stocks that I have been bullish on for some time.The company is nearing production, is well funded, and controls a significant and strategically important lithium asset.\nThe company is developing mining operations in Argentina, at Cauchari-Olaroz and Pastos Grandes,and in Nevada, at Thacker Pass.The Thacker Pass operation is in the process ofreceiving rightsto begin construction. The Thacker Pass lithium resource is thought to be the largest known lithium resource in the United States.\nThe importance of the Thacker Pass should not be understated. The federal government isinvesting heavilyin the development of a U.S. lithium supply to support burgeoning domestic EV manufacturing. Provided things goLithium Americas’ wayin court, the company should see investment dollars flow in and shareholders should see a spike in the stock.\nWhile LAC is up more than 9% so far this year, it is much closer to its 52-week low than its 52-week high. In fact, a move back to that high, made in March, would provide investors with a 95% return.\xa0Of course, if things don’t pan out for Lithium Americas in court, be prepared for a sharp downward move.\nSource: Bjoern Wylezich/ShutterStock.com\nMineral Resources(OTCMKTS:MALRF) is the second of the cheap lithium stocks with operations in Western Australia. Rather than a lithium pure play, though, the company is diversified across iron ore and lithium mining, as well as renewable and non-renewable energy.\xa0 Along with its subsidiaries, Mineral Resourcesoffers“pit-to-port mining and mining logistics services — including exploration, planning, mine design and construction, the construction and operation of minerals process facilities, commodity transportation and marketing services.”\nMineral Resources’lithium segmentis a 50/50 joint venture with Ganfeng Lithium. You’re probably noticing that Ganfeng Lithium, in addition to its own operations, invests heavily in the sector. Ganfeng’s success and scale should assure investors that Mineral Resources is a reasonable investment as well.\nThe two firms are working to increase production at Mount Marion in Australia. In April, they said they planned to boost annual production of mixed-grade spodumene concentrate from450,000 tonnes to 600,000 tonnes, in addition to planned upgrades that would boost capacity to 900,000 tonnes a year in early 2023.\nMALRF has delivered solid returns for investors, up 32% over the past 12 months and 258% over the past five years. Of the16 analysts covering the stock, 13 rate it a “buy” or “overweight,” with three “holds” and no “sells.” Their average price target of $97.61 represents upside of 63%.\nSource: Shutterstock\nLast up on today’s list of cheap lithium stocks to buy is Canadian exploration and development companyNoram Lithium(OTCMKTS:NRVTF), which is working to bring theZeus Lithium Projectto production in Nevada. This asset is strategically located next to theSilver Peak mining operations ofAlbemarle, the world’s largest lithium producer, andTesla’s Nevada gigafactory.\nAmong its2022 highlights, Noram Lithium said it secured $14 million in strategic financing that will keep it fully financed through the end of this year. In addition to a strong cash position, the company is debt free.Moreover, it could get funding from the U.S. government, which is looking to bolster domestic lithium production.\nWith a share price of less than 50 cents and no revenue to speak of,Noram Lithium is clearly a speculative investment. However, if the stock can hit thetarget price of $2.01, investors could see a return of 337% from current levels.\nOn the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nAlex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks.Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post7 Cheap Lithium Stocks to Buy for Mega Upside Potentialappeared first onInvestorPlace.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin, ether and other, major cryptos continue to surge in weekend trading.\nInsights:Ark Invest\'s Cathie Wood is correct in thinking that, despite market uncertainty, disruptive innovation technologies that address issues have gained traction.\nCoinDesk Market Index (CMI)\n1,004.63\n−4.3▼0.4%\nBitcoin (BTC)\n$20,868\n−64.2▼0.3%\nEthereum (ETH)\n$1,554\n+5.7▲0.4%\nS&P 500 daily close\n3,999.09\n+15.9▲0.4%\nGold\n$1,920\n+1.9▲0.1%\nTreasury Yield 10 Years\n3.51%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Surges, Then Holds Near $21K\nBy James Rubin\nStill riding the tailwinds of falling inflation and a more upbeat view of the economy, bitcoin cracked $21,000 in early weekend trading for the first time since early November before retreating slightly.\nThe largest cryptocurrency by market capitalization was recently trading at about $20,830, roughly flat over the previous 24 hours but up a whopping 25% this year, most of the gains occurring since last Tuesday when BTC was still hovering near $17,400. The surge comes amid renewed investor confidence that the U.S. central bank is taming inflation without casting the economy into recession, a trend that has sent most riskier assets higher this year.\n"We see the current rally in digital assets as a market reversal and NOT a bear market rally," wrote Mark Connors, head of research at Canadian digital asset manager 3iQ, in an email.\nIn a weekly markets analysis on Friday, Connors wrote that an early January rally in altcoins, including SOL – which is up about 80% year-to-date – had "rolled into core Layer 1s." Noting recent, less hawkish comments by Fed governors, Connors added that "the potential for a reduction in hikes and balance sheet reduction...was a wink that the sharp reduction" in money supply may be ending."\n"Significant, as the reduction over the past 12 months was the largest since 1959," he wrote. "This is relevant to digital assets as BTC is deemed to be a hedge against debasement, NOT inflation."\nEther followed a similar pattern to bitcoin, continuing its late-week momentum into Saturday to hit a two-month high before falling slightly. ETH was recently changing hands above $1,550, approximately where it stood same time, a day earlier. Other major cryptos were mixed with some rising a couple of percentage points and others dropping, although FTT, the token of embattled crypto exchange FTX, recently jumped 35% to trade just over $2. Seven months ago, FTT was trading over $35. SOL, the token of the Solana blockchain, which has been rallying over the past few weeks despite its intertwining with the FTX debacle, fell back about 5%.\nMANA, the token of 3D virtual reality platform Decentraland, was up more than 16%.\nU.S. equity markets will be closed Monday in observance of Martin Luther King Jr. Day, which honors the late civil rights activist. Major indexes rose slightly on Friday to continue their own 2023 rally. The tech-heavy Nasdaq and S&P 500, which has a hefty technology component, are up more than 5% and 4%, respectively.\nStill, the upswing in assets may be short-lived if economic news falters, as a number of observers are predicting.\nIn a Wall Street Journal quarterly survey, nearly two in three economists expect the U.S. to fall into recession this year, approximately the same percentage as in the previous survey, although many believe the economic contraction will be mild.\nAnd in an email to CoinDesk, Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote warily that "market participants should practice caution during such spikes and await more stability and cons."\n"We continue to remain positive about accumulation at $18,000 and below, and our long-term outlook remains the same for 2023 – accumulating during range lows."\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+15.9%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+8.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.2%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.2%", "DACS Sector": "Computing"}]\nBy Sam Reynolds\nCathie Wood is Right: There’s a Lot Going on in Blockchain and Tech that Got Overlooked Because of a ‘Wall of Worry’\nARK’s Cathie Wood probably had a lot to worry about in 2022.\nThe growth investor, andself-confessed bitcoin HODLer, saw her major funds like the ARK Innovation ETF (ARKK) and the ARK Next Generation Innovation ETF (ARKW) decline by over 50%. Crypto was chaotic, as well-documented by CoinDesk, and tech didn’t fare much better, with layoffs alongside acooling venture capital market.\nBut Wood,in a blog post from Jan. 12, that all this worrying made us miss out on a lot too.\n“In my 45 years on Wall Street and more than 30 years in portfolio management, I have never seen markets this dislocated,” she wrote. “Plagued by fears of entrenched inflation and higher interest rates, the wall of worry in the equity markets has scaled to enormous heights.”\nBut despite the uncertainty of the market, she believes that disruptive innovation technologies that address issues have gained traction during turbulent times.\nThe market was too focused on carnage to notice all the advancements that happened in 2022, Wood wrote, pointing at disruptive tech like ChatGPT, a next-generation artificial intelligence platform, new developments in autonomous vehicles, the continued rise of digital wallets, and, of course, blockchain.\n“Despite the recent collapse of crypto exchange FTX, underlying public blockchains like Bitcoin and Ethereum have not skipped a beat in processing transactions,” Wood wrote.\nNot skipped a beat indeed: In the last monthbitcoin has risen 25.6%, with the world’s largest digital assetexperiencing one-day price jumpsthat haven’t been seen in months. It’s been arather positive startto the year, withexchange volume trending upwards.\nSo too, has it for Wood’s funds. ARKK is up 18.2% since the year began, and ARKW is in the green at 8.2% on-month.\nTech is ubiquitous and it scales quickly. That’s whysoftware is eating the world.\nThe market has shown that demand is still there for blockchain and crypto. If anything, the turbulence of 2022 was an exercise in shaking out bad actors and reinforcing the positions of good ones. Let’s just make sure that we don’t miss out on what the good ones are doing with this “wall of worry” in front of us.\n2:00 a.m. HKT/SGT(18:00 UTC)China’s Gross Domestic Product (YoY/Q4)\n7:00 a.m. HKT/SGT(23:00 UTC)United Kingdom’s ILO Unemployment Rate (Nov)\n7:00 a.m. HKT/SGT(23:00 UTC)European Union’s Harmonized Index Of Consumer Prices (YoY/Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto.com to Cut 20% of Staff; SEC Alleges Gemini, Genesis Sold Unregistered Securities\nCrypto.comwas the latest company to cut its workforce, by around 20%, as crypto winter lingers. Defiance ETFs CEO Sylvia Jablonski and Ether Capital CEO Brian Mosoff shared their crypto markets analysis. Plus, the U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday. DCG owns Genesis and CoinDesk.\nNew MetaMask Product to Add Liquid Staking via Lido and Rocket Pool:The update comes two months before an Ethereum upgrade is expected to allow users to withdraw their staked ETH.\nBloomberg, WSJ, CoinDesk Among the Media Outlets Seeking to Know Who Bailed Out Sam Bankman-Fried:Lawyers for the former CEO of failed crypto exchange FTX requested and were granted anonymity for two parties who backed the $250 million bond that sprung Bankman-Fried from jail.\nInside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX:Distraught, disgusted, and jaded: Solana’s popularity took a hit when reports of possible fraud at Sam Bankman-Fried’s then-behemoth crypto exchange FTX first came to light. But developers found a way to jump-start activity.\nBitcoin\'s \'Volatility Smile\' Shows Increased Demand for Bullish Exposure:Bitcoin\'s volatility smile is a graphical representation of implied volatility or demand for options at different strike levels.\nPresident Herbert Hoover Saves the Day for a Crypto Bank? Yeah, That’s Weird:Silvergate got propped up by the Federal Home Loan Bank system created in 1932.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin, ether and other, major cryptos continue to surge in weekend trading.\nInsights:Ark Invest\'s Cathie Wood is correct in thinking that, despite market uncertainty, disruptive innovation technologies that address issues have gained traction.\nCoinDesk Market Index (CMI)\n1,004.63\n−4.3▼0.4%\nBitcoin (BTC)\n$20,868\n−64.2▼0.3%\nEthereum (ETH)\n$1,554\n+5.7▲0.4%\nS&P 500 daily close\n3,999.09\n+15.9▲0.4%\nGold\n$1,920\n+1.9▲0.1%\nTreasury Yield 10 Years\n3.51%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Surges, Then Holds Near $21K\nBy James Rubin\nStill riding the tailwinds of falling inflation and a more upbeat view of the economy, bitcoin cracked $21,000 in early weekend trading for the first time since early November before retreating slightly.\nThe largest cryptocurrency by market capitalization was recently trading at about $20,830, roughly flat over the previous 24 hours but up a whopping 25% this year, most of the gains occurring since last Tuesday when BTC was still hovering near $17,400. The surge comes amid renewed investor confidence that the U.S. central bank is taming inflation without casting the economy into recession, a trend that has sent most riskier assets higher this year.\n"We see the current rally in digital assets as a market reversal and NOT a bear market rally," wrote Mark Connors, head of research at Canadian digital asset manager 3iQ, in an email.\nIn a weekly markets analysis on Friday, Connors wrote that an early January rally in altcoins, including SOL – which is up about 80% year-to-date – had "rolled into core Layer 1s." Noting recent, less hawkish comments by Fed governors, Connors added that "the potential for a reduction in hikes and balance sheet reduction...was a wink that the sharp reduction" in money supply may be ending."\n"Significant, as the reduction over the past 12 months was the largest since 1959," he wrote. "This is relevant to digital assets as BTC is deemed to be a hedge against debasement, NOT inflation."\nEther followed a similar pattern to bitcoin, continuing its late-week momentum into Saturday to hit a two-month high before falling slightly. ETH was recently changing hands above $1,550, approximately where it stood same time, a day earlier. Other major cryptos were mixed with some rising a couple of percentage points and others dropping, although FTT, the token of embattled crypto exchange FTX, recently jumped 35% to trade just over $2. Seven months ago, FTT was trading over $35. SOL, the token of the Solana blockchain, which has been rallying over the past few weeks despite its intertwining with the FTX debacle, fell back about 5%.\nMANA, the token of 3D virtual reality platform Decentraland, was up more than 16%.\nU.S. equity markets will be closed Monday in observance of Martin Luther King Jr. Day, which honors the late civil rights activist. Major indexes rose slightly on Friday to continue their own 2023 rally. The tech-heavy Nasdaq and S&P 500, which has a hefty technology component, are up more than 5% and 4%, respectively.\nStill, the upswing in assets may be short-lived if economic news falters, as a number of observers are predicting.\nIn a Wall Street Journal quarterly survey, nearly two in three economists expect the U.S. to fall into recession this year, approximately the same percentage as in the previous survey, although many believe the economic contraction will be mild.\nAnd in an email to CoinDesk, Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote warily that "market participants should practice caution during such spikes and await more stability and cons."\n"We continue to remain positive about accumulation at $18,000 and below, and our long-term outlook remains the same for 2023 – accumulating during range lows."\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+15.9%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+8.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22122.2%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.2%", "DACS Sector": "Computing"}]\nBy Sam Reynolds\nCathie Wood is Right: There’s a Lot Going on in Blockchain and Tech that Got Overlooked Because of a ‘Wall of Worry’\nARK’s Cathie Wood probably had a lot to worry about in 2022.\nThe growth investor, andself-confessed bitcoin HODLer, saw her major funds like the ARK Innovation ETF (ARKK) and the ARK Next Generation Innovation ETF (ARKW) decline by over 50%. Crypto was chaotic, as well-documented by CoinDesk, and tech didn’t fare much better, with layoffs alongside acooling venture capital market.\nBut Wood,in a blog post from Jan. 12, that all this worrying made us miss out on a lot too.\n“In my 45 years on Wall Street and more than 30 years in portfolio management, I have never seen markets this dislocated,” she wrote. “Plagued by fears of entrenched inflation and higher interest rates, the wall of worry in the equity markets has scaled to enormous heights.”\nBut despite the uncertainty of the market, she believes that disruptive innovation technologies that address issues have gained traction during turbulent times.\nThe market was too focused on carnage to notice all the advancements that happened in 2022, Wood wrote, pointing at disruptive tech like ChatGPT, a next-generation artificial intelligence platform, new developments in autonomous vehicles, the continued rise of digital wallets, and, of course, blockchain.\n“Despite the recent collapse of crypto exchange FTX, underlying public blockchains like Bitcoin and Ethereum have not skipped a beat in processing transactions,” Wood wrote.\nNot skipped a beat indeed: In the last monthbitcoin has risen 25.6%, with the world’s largest digital assetexperiencing one-day price jumpsthat haven’t been seen in months. It’s been arather positive startto the year, withexchange volume trending upwards.\nSo too, has it for Wood’s funds. ARKK is up 18.2% since the year began, and ARKW is in the green at 8.2% on-month.\nTech is ubiquitous and it scales quickly. That’s whysoftware is eating the world.\nThe market has shown that demand is still there for blockchain and crypto. If anything, the turbulence of 2022 was an exercise in shaking out bad actors and reinforcing the positions of good ones. Let’s just make sure that we don’t miss out on what the good ones are doing with this “wall of worry” in front of us.\n2:00 a.m. HKT/SGT(18:00 UTC)China’s Gross Domestic Product (YoY/Q4)\n7:00 a.m. HKT/SGT(23:00 UTC)United Kingdom’s ILO Unemployment Rate (Nov)\n7:00 a.m. HKT/SGT(23:00 UTC)European Union’s Harmonized Index Of Consumer Prices (YoY/Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto.com to Cut 20% of Staff; SEC Alleges Gemini, Genesis Sold Unregistered Securities\nCrypto.comwas the latest company to cut its workforce, by around 20%, as crypto winter lingers. Defiance ETFs CEO Sylvia Jablonski and Ether Capital CEO Brian Mosoff shared their crypto markets analysis. Plus, the U.S. Securities and Exchange Commission (SEC) alleged that crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities in a lawsuit filed late Thursday. DCG owns Genesis and CoinDesk.\nNew MetaMask Product to Add Liquid Staking via Lido and Rocket Pool:The update comes two months before an Ethereum upgrade is expected to allow users to withdraw their staked ETH.\nBloomberg, WSJ, CoinDesk Among the Media Outlets Seeking to Know Who Bailed Out Sam Bankman-Fried:Lawyers for the former CEO of failed crypto exchange FTX requested and were granted anonymity for two parties who backed the $250 million bond that sprung Bankman-Fried from jail.\nInside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX:Distraught, disgusted, and jaded: Solana’s popularity took a hit when reports of possible fraud at Sam Bankman-Fried’s then-behemoth crypto exc
**Last 60 Days of Bitcoin's Closing Prices:**
[16687.52, 16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-16
**Financial & Commodity Data:**
- Gold Closing Price: $1918.40
- Crude Oil Closing Price: $79.86
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $403,126,218,150
- Hash Rate: 274688843.2470833
- Transaction Count: 302804.0
- Unique Addresses: 677371.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Recentbankruptcy filingsand Sam Bankman-Fried'scriminal indictmentmake it clear that fraud precipitated FTX's collapse. For many policymakers, the loopholes enabling such criminal acts haven't yet become clear. These loopholes permitted flawed – or in FTX’s case, criminal – intermediaries to stand between consumers and their assets. If the U.S. Congress is serious about preventing future catastrophes like FTX, protecting consumers’ inherent right to self-custody clearly mitigates third-party vulnerabilities.
Warren Davidson is the U.S. representative for Ohio's 8th congressional district.
Just what and who needs legal protection? While Satoshi Nakamoto’s 2008 Bitcoin white paper effectively launched this era of fintech innovation, the legal and regulatory framework today continues to reinforce the structure of our traditional financial system and the legacy flaws that come with it. Fraud is one of these legacy flaws. Fraud committed under the guise of "innovation" is still fraud. FTX exemplified this.
In short, Bankman-Fried found a way to convince customers and investors to allocate dollars to FTX's platform (or, rather, FTX's balance sheet) by promising to be a third-party intermediary to purchase digital assets on their behalf. Customers then maintained "balances" in their FTX accounts while Bankman-Fried put funds under the control of Alameda Research, the trading firm he founded in 2017. He established his own cryptocurrency, FTT, to use as collateral for any loans made from FTX to Alameda. He then leveraged his assets under Alameda's control at unprecedented levels.
While this overview spares many details, this is the same criminal approach that has been seen before in traditional finance. FTX customers who transferred their digital assets off FTX's platform and onto their own self-hosted wallets – devices that allow digital assets to be stored off the internet – protected themselves from FTX's fraud. This approach provides the only sound protection against any third-party intermediary’s failure.
Read more: Marta Belcher -Elizabeth Warren's New Financial Surveillance Bill Is a Disaster for Privacy and Civil Liberties
FTX leveraged the hype around distributed ledger technology but, ironically, FTX promoted the exact opposite framework that Satoshi proposed. Reading the first two sentences of the Bitcoin white paper highlights this irony: "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust-based model." FTX simply exploited the inherent flaws in the permissioned, third-party financial system Satoshi observed and sought to remedy.
Senator Elizabeth Warren (D-Mass.) recently introduced abillto build a concrete enclosure around these trust-based models while trapping consumers inside with no way out. Specifically, her bill requires the Treasury Secretary to promulgate a rule prohibiting financial institutions from transacting with self-hosted wallets. She mischaracterizes the FTX situation andclaimsshe's been "ringing the alarm bell in the Senate on the dangers of these digital asset loopholes."
Let's be clear – her open hostility towards financial freedom is a clear and present danger to consumers and will only reinforce the system fraudsters continue to exploit.
That's why I introduced theKeep Your Coins Actlast February. It was only a matter of time before someone in Washington, D.C., would try to compel the Treasury Department to interfere with consumers' inherent right to self-custody of their digital assets – to own and possess private property. In the wake of FTX's collapse, it should be evident that protecting self-custody is must-pass legislation.
In his testimony before the House Financial Services Committee, John J. Ray III, the current FTX CEO overseeing the bankruptcy process, discussed how all of FTX customers' digital assets were commingled. This model left customers with only a "claim" over their assets rather than actual possession.
We have a technology that allows consumers to avoid third-party vulnerabilities. It's imperative to embrace this opportunity to protect consumers. FTX was not about crypto; it was about a criminal exploiting a traditional third-party relationship by failing to do what he said he was doing – establishing a property right to digital assets on behalf of customers who deposited funds with his company. Self-custody has proved the only foil to his scheme, and Congress should protect it rather than undermine it with Senator Warren’s disingenuous assault on financial freedom....
- Reddit Posts (Sample): [['u/Zectro', 'English police are the worst in the world', 33, '2023-01-16 00:25', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/', 'About two years ago, some thieves broke into Craig\'s house, disabled 4 separate security systems he had in place, planted a wi-fi pineapple, and stole the private keys to billions of dollars worth of Bitcoin from Craig. Despite the apparent competence involved in getting the private keys from Craig in the first place, it\'s been two years and the stupid assholes still haven\'t bothered to move the stolen coins to an address they exclusively control: this is literally Bitcoin Thief 101, so we can safely conclude they\'re incompetent.\n\nCraig reported this event to the police many years ago, and despite the obvious incompetence of the thieves, and despite this event being the biggest heist in British history, there\'s been no progress in the case, no news coverage about the heist, no indication that the police have taken seriously the tremendous wrong that has been dealt to a British resident. \n\nIn fact, due to the ineffectiveness of the police, Craig\'s been forced into an insane Hail Mary lawsuit against a random hodgepodge of devs, retired devs, and Bitcoin influencers. Appropriately this case, dubbed the "Pineapple Suit" was laughed out of court, and Craig has since been stuck with his dick in his hands, just hoping against hope that an appeal conducted by the dipshit lawyers at ONTIER succeeds and he can lose this case at trial rather than pre-trial. \n\nThis case study in impotence has all been precipitated by the police\'s failure to act appropriately when a UK resident gets robbed of billions of dollars. Compare with similar cases in the US where the FBI was able to seize misbegotten private keys from criminals directly, e.g. the Bitfinex hack.', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/', '10cyf91', [['u/Psalamist', 13, '2023-01-16 00:58', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/j4imnvz/', 'I would add that when Craig realised his security was compromised (and remember, we\'re talking about one of the world\'s leading computer security experts here), rather than move the coins to new wallets before the thieves could, he destroyed his own copies of the private keys. \n\nWhy, you might reasonably ask, and to be honest I\'m not entirely clear on that myself. \n\nPerhaps, even with billions of "his own" money on the line, this profoundly principled man still refused to move the coins without a court order!', '10cyf91'], ['u/darkwingduckscousin', 12, '2023-01-16 01:34', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/j4irwsc/', "The security company, ADT, that the hacker also managed to break into and cause a power outage so there was no evidence of a crime, and who also tweeted that they weren't compromised in any way that day are of course lying. This is obviously a cover up against the most clever, brilliant mind in the fields of maths, astronomy, astrology, physics, philosophy, language (human, computer and extra terrestrial), physics, astrophysics, biology, astrobiology, chemistry, astrochemistry, interplanetary gravitational forces, sociology and history (modern, classic and intergalactic). World class chef known for his Michelin level boiled eggs too.\nPlease help him, he promises to donate it all to Rwanda. \n\nYou are literally worse than a paedophile if you don't believe him.", '10cyf91']]], ['u/anonymouscitizen2', 'Crypto hasn’t Even Had It’s Dot Com Bubble Moment', 23, '2023-01-16 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/', 'From 1995-2000 over 5 Trillion dollars was invested into internet/tech stocks, in what is now today known as the Dot Com Bubble. \n\nThere were multi billion dollar acquisitions of two year old companies by the most established companies on Wall St. Famously Time Warner and AOL had a 182 Billion dollar merger which was one of the greatest disasters when dial up was obsoleted two years later. Time Warner at the time was one of the best companies on Wall St at the time. \n\nRemember these are all 2000’s dollars, a dollar in 2000 is ~1.72$ today. Cryptos market cap peaked at 3 Trillion last bull run and crypto is global. \n\nCrypto may not ever have a full fledged dot com moment but it certainly has not happened yet. Companies are just starting to dip their toes into crypto, Bitcoin just turned 14 years old, Ethereum is 8 years old. \n\nThe technology is still incredibly new and it’s use cases/potential is still mostly unknown to most industries. Don’t let anyone convince you that it’s too late.', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/', '10czuh3', [['u/Harold838383', 14, '2023-01-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/j4irqwy/', 'New asset phases like the dot com bubble and the tulip mania phase normally take 16 years (since inception) before the bubble bursts. That would make the next bull the final bull run before the bubble truly bursts and only the strongest projects survive', '10czuh3']]], ['u/smokingumbrellas4', 'Kilos exchange is scamming now, be careful', 50, '2023-01-16 01:32', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/', 'There was a couple of posts 10 days ago but making another one today for more visibility. I just tried to exchange $40~ of BTC into monero. My electrum wallet says the transaction has enough confirmations, website says “swap finished”, balance in my featherwallet is still 0. Fuck Kilos.', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/', '10d013z', [['u/Slight-Winner-8597', 19, '2023-01-16 04:26', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/j4jfq6s/', "Best imo to just stay away until this shit cools down. \n\nYou don't want to attempt logging in to a honeypot. I've fucked all dnms off until it simmers down entirely", '10d013z'], ['u/Grand-Notice1854', 10, '2023-01-16 04:59', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/j4jk4ck/', "I mean, how long though? We were running smooth with silk, whm, dream, empire, etc.... now it's fucking crazy out there. I remember when I could enter dream (or empire idk it was a while back) just about everyday for maybe 2-3 months. No problems whatsoever, but I also understand that something this good never lasts that long. Generally, another type of network pops up when the end is near. And I honestly feel as though the end is near.", '10d013z']]], ['u/Hypno_Hamster', 'Will history repeat itself?', 14, '2023-01-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/', "**If you look at the BTC chart on the weekly:**\n\n* *December 2017 BTC peaked at $19700 and bear market ensued afterward*\n* *December 2018 bear market had mostly ended and a slow recovery began*\n* *June 2019 it had recovered to $13900 in a mini bull run.*\n* *After that mini bull, there was a crash and mini bear market until around October 2020*\n* *Followed by 2021 which most of us here experienced. 2021 peaked in November*\n\nSO... if history repeats itself we are currently in the start of the mini bull run which will culminate between Mar-May.\n\nPersonally I'm looking for a 2/3 recovery of the last peak, followed by another crash.\n\nObviously this is just speculation on whether the pattern repeats and nothing more. A lot of things are different this time so its impossible to know.", 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/', '10d01ri', [['u/lordcolorado', 10, '2023-01-16 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/j4isryn/', 'No one knows shit about fuck', '10d01ri'], ['u/Sithaun_Meefase', 27, '2023-01-16 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/j4ix3a1/', 'I’ve been through a few crypto winters. What I have noticed is the mini bull run before the actual bull run is BIG money coming in slowly, when it’s least expected. this helps them avoid as much slippage as possible. Then, they let the rest of the market kinda FOMO in for a few months after the market corrects instead from the mini bull run the real bull run starts. \n\nI have also been through the start of the 2017 bull run where it just kinda slapped everyone in the face…. So. Best advice you’ll get here is DCA. it’s the best way to be in the crypto market. These 25%-50% gains used to make me excited. But once you come out of a bear market we’re here for a few thousand percent run ups. That’s when we know we’re in the bull market.', '10d01ri']]], ['u/AwkwardDilemmas', "Things are looking up. PLUS... I'm expecting a big bump Monday morning when markets reopen. (some technical financial analysis inside).", 24, '2023-01-16 01:54', 'https://www.reddit.com/r/hut8/comments/10d0ifa/things_are_looking_up_plus_im_expecting_a_big/', "I've been crunching numbers.\n\nEveryone's worried and complaining about HUT 8's fixation on dilution to pay for day to day expenses. I think this is a sound plan, and not a problem. Especially with our shared expectation that BTC will, one day, get back up to ATH and beyond.\n\nIn short, it's all about holdings and value increases at a MUCH faster rate than dilution.\n\n\\[CAUTION: BTC may not get back to ATH, and we are trusting HUT8 to take their fiduciary responsibility seriously, and not overinflate the share count.\\]\n\n&#x200B;\n\nThe key is how fast equity increases compared to outstanding shares. And in short, in the past six months, both BTC count (up by 19.5%) and value of held BTC (up by 20.4%) have outpaced dilution (5.5%).\n\nSince the beginning of the year, BTC count (up 67.6%) has far outpaced dilution, at 12.7%. This is the plan, and what we wanted to see.\n\n&#x200B;\n\nHere are some other metrics I'm looking at, all are positive.\n\nBTC value held per share is $1.31 up from $1.15 in July. (Every share is now backed up by $1.31 of BTC). That's HUGE in my mind.\n\nBTC holdings per share are up (4710 SATs) compared to a year ago (3170 SATs).\n\nGood news for us in the short term is that Capitalization to BTC Value (the closest analog to P/E) is now 1.62. A year ago, it was 5.89 (which, presuming that last January's value wasn't super hyped and elevated, which it probably was) we could stand to gain at least 3x in share price if we were patient enough.\n\nNot really that straightforward, but it's hoping for some of you who are holding 9 $/share bags.\n\nHere's the exciting thing going into the new week:\n\nBetween Dec 29 and Jan 9, BTC increased 3.8%, and HUT increase 29.7%\n\nBetween Jan 9 and Jan 13, BTC increased 15.3% and HUT increased 47.2%\n\nHUT is a magnifier of BTC movement, on both the up and downside, ofc, but most recently on the upside.\n\nBetween Dec 29 and close of markets on Jan 13, BTC has increased 19.6% and HUT by 91%. HUT is increasing, most recently, at a 4.6x the rate of BTC increase.\n\nOver the weekend, while HUT just sat, BTC increased 5-6% (a nice bump just after TSX close on Friday).\n\n&#x200B;\n\nAs long as BTC remains around where it is (as of 1800 EDT) I am anticipating a 20 top 40% rise in HUT share price tomorrow. Whether it sticks or not, that's another question.\n\n&#x200B;\n\nBut I'll be buying market at open.", 'https://www.reddit.com/r/hut8/comments/10d0ifa/things_are_looking_up_plus_im_expecting_a_big/', '10d0ifa', [['u/Gloin27', 16, '2023-01-16 03:16', 'https://www.reddit.com/r/hut8/comments/10d0ifa/things_are_looking_up_plus_im_expecting_a_big/j4j6dew/', "I've been a HUT shareholder since 2020, rode all the way up to $20 and never sold a single share. Last week I sold all of my equities and went 100% HUT8 because I know once momentum kicks in this stock is going to to go on a monster run. If you're a believer in Bitcoin then I see HUT as a low risk high return leverage play as you've stated!", '10d0ifa']]], ['u/Big-Statistician4024', 'Crypto on the move, but we know how it will end', 27, '2023-01-16 02:34', 'https://www.reddit.com/r/wallstreetplatinum/comments/10d1egw/crypto_on_the_move_but_we_know_how_it_will_end/', 'Crypto has been on a tear in the past few days with most gaining 15-20% in the past five days. \n\n&#x200B;\n\nhttps://preview.redd.it/5igqpm115bca1.jpg?width=1692&format=pjpg&auto=webp&v=enabled&s=050641008976fa09714c64018231bdbfe1395dd9\n\nI’ve read articles that have headlines like “bitcoin is on the rise and here’s why” only to find no sauce in the articles. They have no actual news on why this is happening. I saw where Pelosi liquidated a lot of stock positions and even incurred some losses in the process. It’s obvious that the insiders know something that isn’t public yet and they are rushing to get ahead of it. \n\n\nWhat does this have to do with platinum? Platinum isn’t the short term play. It’s not going to net you 20% overnight…yet. This time is all about having diamond, or should I say platinum hands. While crypto is getting attention soon on some news that hasn’t dropped yet, it means that platinum remains affordable. Once crpto crashes, the only remaining safe haven will be hard assets and precious metals and we all know the most precious one of all- which is why we are here. Keep stacking APES!', 'https://www.reddit.com/r/wallstreetplatinum/comments/10d1egw/crypto_on_the_move_but_we_know_how_it_will_end/', '10d1egw', [['u/yolololololo69', 10, '2023-01-16 02:39', 'https://www.reddit.com/r/wallstreetplatinum/comments/10d1egw/crypto_on_the_move_but_we_know_how_it_will_end/j4j182v/', 'Some rumors are because a miss universe contestant wore a bitcoin costume 🥴\n\nCrypto makes no sense', '10d1egw'], ['u/caputviride', 13, '2023-01-16 04:17', 'https://www.reddit.com/r/wallstreetplatinum/comments/10d1egw/crypto_on_the_move_but_we_know_how_it_will_end/j4jei7x/', 'Crypto was/is my short term gamble. Platinum is my medium/long term gain. There was something so satisfying about buying Bitcoin early in mid 2019 and seeing others panic buying in late 2021 i sold part of my btc stack in 2021 and put the gains into my first platinum purchase. Even now in this “crypto winter” I’m still in the black (barely) solely because I was early to the btc party.\n\nThe PMs on the other hand, we are all early to the party. Platinum price will rise and fall but all who bought in the last year got a steal imo.', '10d1egw'], ['u/DFV_PM', 11, '2023-01-16 05:07', 'https://www.reddit.com/r/wallstreetplatinum/comments/10d1egw/crypto_on_the_move_but_we_know_how_it_will_end/j4jl5am/', 'I dabbled in crypto (mostly alt coins) several years ago and didn’t sell when there was a crash in 2018 if I remember the year correctly. Fast forward to last year when crypto was soaring and I went to check on them and try and withdrawal. Turns out the exchange no longer allowed US citizens to trade (I think they failed to meet certain regulation hurdles). So, my funds were basically frozen. \n\nI turned to precious metals and didn’t look back. PMs are more secure, less risk, and are still vastly undervalued. It’s going to be fun to see what happens with platinum in the coming years 🚀🌕', '10d1egw']]], ['u/Fantastic_Cactus', 'SHARXX BLUE slabbed to PC', 10, '2023-01-16 03:44', 'https://www.reddit.com/r/sanpedrocactusforsale/comments/10d2vyr/sharxx_blue_slabbed_to_pc/', ' [https://imgur.com/a/toT3TuG](https://imgur.com/a/toT3TuG)\n\n**Sharxx Blue** slab grafted to PC\n\nA = 50\n\nB = 50\n\nC = 60\n\nD = 60\n\nI take paypal fnf, venmo or btc\n\n**Shipping happens daily** or next morning at absolute latest **and is free**. **Heat packs are also free, just ask.**\n\n**I guarantee growth on all slab grafts for 6 months** with either a refund or replacement depending upon your preference. The only stipulation being that no cuts or alterations be made to the slab. Any other questions, please ask!', 'https://www.reddit.com/r/sanpedrocactusforsale/comments/10d2vyr/sharxx_blue_slabbed_to_pc/', '10d2vyr', [['u/milbomb', 10, '2023-01-16 03:47', 'https://www.reddit.com/r/sanpedrocactusforsale/comments/10d2vyr/sharxx_blue_slabbed_to_pc/j4jakle/', 'Awesome! Props to this seller, they package better than anything I have ever seen before…', '10d2vyr'], ['u/Fantastic_Cactus', 13, '2023-01-16 03:49', 'https://www.reddit.com/r/sanpedrocactusforsale/comments/10d2vyr/sharxx_blue_slabbed_to_pc/j4jatsy/', "Thanks! Some people think I go over the top, but I've seen first hand just how little respect postal workers give to my packages lol. I don't like the idea of spending months or years growing something only for it to get wrecked by USPS.", '10d2vyr']]], ['u/wtfCraigwtf', 'Latest Crypto Pump: Could it be Binance dumping BUSD?', 35, '2023-01-16 05:11', 'https://www.reddit.com/r/btc/comments/10d4nrv/latest_crypto_pump_could_it_be_binance_dumping/', "Has anyone noticed the huge volume of BUSD being sold on Binance and elsewhere for BTC? Total volume has been average of about $15 billion per day. The only time there was more volume of BUSD moving was during the FTX collapse, but then the price of BTC was dropping rapidly. Now it's rising fast...\n\nThis could be Binance preparing to weather the storm of a US govt raid. They seem to have held the BUSD dollar peg pretty well thru the pump. I guess that's easy if their BTC is suddenly worth 30% more! And the extra $100 million USDT printed yesterday surely doesn't hurt.", 'https://www.reddit.com/r/btc/comments/10d4nrv/latest_crypto_pump_could_it_be_binance_dumping/', '10d4nrv', [['u/saylor_moon', 11, '2023-01-16 07:07', 'https://www.reddit.com/r/btc/comments/10d4nrv/latest_crypto_pump_could_it_be_binance_dumping/j4jygwa/', 'Nearly all the coins that were borrowed from Genesis and Coinflex were sold at Binance. (I commented on that [here](https://www.reddit.com/r/btc/comments/w9nw5m/what_happened_at_coinflex_a_timeline/).)\n\nSo if they are covering the short, they would likely also buy at Binance.', '10d4nrv']]], ['u/AutoModerator', '[Daily Discussion] - Monday, January 16, 2023', 35, '2023-01-16 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/', '10d5lkg', [['u/EquitiesFIRE', 28, '2023-01-16 06:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4jt4qt/', 'Oh look! Mining difficulty is the highest it’s ever been and the halvening is next year.\n\nGuess I’ll just HODL', '10d5lkg'], ['u/bittabet', 10, '2023-01-16 06:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4jx7ft/', 'I’m honestly starting to believe that next bull we can break $200K for the new ATH. It’s sounds so crazy when you’re in the depths of the bear but I’m starting to believe.\n\nIf we get there it’ll be fucking glorious.', '10d5lkg'], ['u/hajjidamus', 13, '2023-01-16 08:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4k3e2u/', 'This is not a zero sum game.', '10d5lkg'], ['u/owenhehe', 23, '2023-01-16 09:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4kcdk1/', 'Good, just another 100% up and my position will finally be overwater.', '10d5lkg'], ['u/aeronbuchanan', 13, '2023-01-16 09:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4kce7g/', 'What if I measure my richness in the number of loaves of bread I can buy rather than a basket of non-USD currencies?', '10d5lkg'], ['u/Euphoricsoul', 10, '2023-01-16 14:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4kzwsl/', 'The debt limit will be raised after a brief political holdout by Republicans. \n\nThe debt ceiling was a stupid idea from the beginning. It has never been adhered to, nor has there ever been much effort to enforcing it.', '10d5lkg'], ['u/dopeboyrico', 19, '2023-01-16 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4l2f06/', 'Most likely outcome by far is raising the debt ceiling again after negotiations are made in Congress. In the past 60 years the debt ceiling has been raised more than 70 times.\n\nHypothetically if the debt ceiling were not raised again and the United States ultimately defaulted on its debt, interest rates would rise even more than they already have since the “risk-free” rate we see in T-Bills would no longer be considered risk-free and all other debt is considered riskier than that so naturally those rates would rise more.\n\nThis would dramatically slowdown the economy into a depression as unemployment skyrockets and asset prices tank. Which would then prompt the Fed to step in, slash the Fed funds rate back to zero and print more money than ever before.\n\nBut, again, the far more likely outcome is concessions are made and the debt ceiling is raised yet again.', '10d5lkg'], ['u/jpdoctor', 17, '2023-01-16 15:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4l2z50/', 'The debt is going up, but the value of the dollar keeps going down; debt-to-GDP is the ratio anyone sensible cares about.\n\nIt means ultimately the currency gets replaced by NewDollars, where NewDollars drop a few zeroes from old dollars, and all this will happen before collapse and Armageddon.', '10d5lkg'], ['u/escendoergoexisto', 10, '2023-01-16 16:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lf25c/', 'Pulled the fibs on this recent pump…the .236 retrace aligns with the tip of the lowest 4H wick of the sideways PA at $20,224, so that adds some significance. It, or just above it, is a fairly good short target if you want more than just a scalp. If that level breaks down, bears could push it sub 20. Before that, though, they’ll have to break the $20,5ish zone, which should provide some bounces.', '10d5lkg'], ['u/escendoergoexisto', 15, '2023-01-16 16:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lfiy9/', 'As always, it’ll be used by House Reps as leverage to negotiate for other things they want and after a shitshow of talking points for fund-raising purposes, they’ll raise the ceiling. It’s always just a matter of time based on the necessary gives to get the holdouts to concede.', '10d5lkg'], ['u/xtal_00', 11, '2023-01-16 16:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lg5ck/', "Exited position \\~20900 again.\n\nLet's see if it's smacked down again or goes through.", '10d5lkg'], ['u/OhWellWhaTheHell', 16, '2023-01-16 17:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4ljged/', 'Is tuesday the real monday on a holiday weekend?', '10d5lkg'], ['u/OhWellWhaTheHell', 10, '2023-01-16 17:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4ljt4g/', 'Sold at 20900, raising cash to replace a busted vehicle. Feel better about it than I would have a month ago. (They were 2018 satoshis anyway.)', '10d5lkg'], ['u/Common_Jellyfish234', 17, '2023-01-16 17:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lmokw/', 'FWIW - markets are closed today in the US', '10d5lkg'], ['u/Super_Extreme', 16, '2023-01-16 17:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lo5jm/', 'I nearly halved my stack shorting btc on this recent impulse, luckily I managed to switch my bias in time to gain it all back and some. The biggest challenge for me is going to be staying out of this chop until next FOMC. I seem to give it all back by over-trading.', '10d5lkg'], ['u/_TROLL', 10, '2023-01-16 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lsyc9/', 'Finally ditching the old 1988 Yugo, eh? 😋', '10d5lkg'], ['u/cryptovector', 11, '2023-01-16 18:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4lt8qn/', 'they try to make it sound scary every time it happens but they always raise it, always.', '10d5lkg'], ['u/Crab_Allen', 12, '2023-01-16 18:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4m13z5/', "It's like when you push a football underwater.", '10d5lkg'], ['u/xtal_00', 10, '2023-01-16 20:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mcl4u/', "Out of position right now, but I've been plenty greedy.\n\nWaiting to see what happens. It looks like there's still pressure up. Million dollar question is what happens tomorrow.", '10d5lkg'], ['u/_TROLL', 22, '2023-01-16 20:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mef0b/', "Sam Bankman-Fraud is no longer able to illegally sell his customers' bitcoin for FTT and SOL.", '10d5lkg'], ['u/thewardser', 18, '2023-01-16 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mepw3/', 'closed long and flipped into a short at $21,357.\n\nstop loss $21,553', '10d5lkg'], ['u/thewardser', 10, '2023-01-16 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mgdgo/', "pretty much unless this drops below $20,500...then i'll stick with it for a bit", '10d5lkg'], ['u/thewardser', 10, '2023-01-16 20:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mhf9m/', "the dumps are short lived until they aren't...make no mistake people have been trained to buy the dip at $20,600-$20,800 over and over and over again over the past 2 days\n\nall it takes is one drop below $20,500 and there won't be anyone left to buy the rest of the dip\n\neven if this ultimately goes up, this could easily flush massively below $20K briefly to make sure fair weather bulls don't get to enjoy the actual move up.\n\nthat said, tight stop losses is why this gambling is a good R/R...a small loss if I get it wrong...a MASSIVE win if I get it right", '10d5lkg'], ['u/dexX7', 11, '2023-01-16 20:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mi0h6/', 'Around 0.65 USD for an average transaction. Note that this is about the number of receivers, not the value of the transaction.\n\n- https://ycharts.com/indicators/bitcoin_average_transaction_fee#:~:text=Bitcoin%20Average%20Transaction%20Fee%20is,51.80%25%20from%20one%20year%20ago.\n\n- https://bitcoinfees.earn.com/', '10d5lkg'], ['u/TheGarbageStore', 18, '2023-01-16 20:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mkael/', 'IMO this is a relief rally in an ongoing bear market. In 2018-2019, there were no shortage of these. \n\nIf we close a daily above $25000, that would be a higher high relative to 15 Aug 2022 and the relief rally hypothesis would have to be revisited.\n\nI saw my boss looking at the BTCUSD today during a meeting. He had never displayed an interest in it before.', '10d5lkg'], ['u/_TROLL', 16, '2023-01-16 20:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4ml3gv/', 'Straight to the McAfee Line, $1,000,000 or bust. \n\nThe entire price history of bitcoin from 2009 to the present will be but a blip when the chart is zoomed out. 🤑', '10d5lkg'], ['u/xixi2', 11, '2023-01-16 20:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4ml92c/', 'bull market lol', '10d5lkg'], ['u/gozunker', 16, '2023-01-16 21:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4mr2zt/', 'We were all normies once', '10d5lkg'], ['u/xtal_00', 18, '2023-01-16 21:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4msso7/', 'Difficult, fraught with friction, bumps, and other unpleasantness.\n\nCanadian term.', '10d5lkg'], ['u/BootyPoppinPanda', 14, '2023-01-16 22:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4n4f3s/', 'Probably "healthier" if we establish a little bit of support over the next few days first, but Bitcoin likes to leave haters in the dust when it finally breaks out of hibernation. Could legitimately be in the 30s by Valentine\'s day or sooner.', '10d5lkg'], ['u/logicalinvestr', 11, '2023-01-16 23:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/10d5lkg/daily_discussion_monday_january_16_2023/j4n76va/', 'Everyone is just waiting for futures open at 6pm, and stock market direction tomorrow.', '10d5lkg']]], ['u/rBitcoinMod', 'Daily Discussion, January 16, 2023', 38, '2023-01-16 07:09', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10ccc31/daily_discussion_january_15_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/', '10d6wg0', [['u/LiteratureUsual614', 11, '2023-01-16 09:45', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4kbwdg/', 'Reaching 21k is so enjoyable, we’re doing it multiple times.', '10d6wg0'], ['u/user_name_checks_out', 18, '2023-01-16 11:18', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4kipux/', 'As a fool, I am thoroughly enjoying these rallies.', '10d6wg0'], ['u/godownmyami', 14, '2023-01-16 17:17', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4llzp2/', 'Is this a bull trap? Obviously. But are we bull trapped? Obviously not. Because we DCA. We buy when it’s $22k, we buy when it’s $30k, we’ll buy when it’s $10k, and we’ll buy when it’s $3400', '10d6wg0'], ['u/Llonga', 22, '2023-01-16 19:28', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4m70oe/', 'Loving the bull run/bull trap theatrics. DCA army doesn’t care either way.', '10d6wg0'], ['u/Alfador8', 14, '2023-01-16 20:37', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4mi7wh/', "Works til it doesn't", '10d6wg0'], ['u/Alfador8', 11, '2023-01-16 20:42', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4mizek/', 'My point is that most people get burned trading. One successful data point means very little', '10d6wg0'], ['u/reesespuffspsychpath', 11, '2023-01-16 20:48', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4mjw8u/', 'LEZZZZ GOOOO been dca for over a year now on weekly buys', '10d6wg0'], ['u/Samsonite_1604', 10, '2023-01-16 23:57', 'https://www.reddit.com/r/Bitcoin/comments/10d6wg0/daily_discussion_january_16_2023/j4ndt1l/', 'I’ll take some ~$20k crabbing. Need more time to accumulate before FOMO.', '10d6wg0']]], ['u/Snowflake8050', "Hackers aren't that smart. Harmony hacker has tried to cash out through Binance and Huobi and was given the middle finger.", 519, '2023-01-16 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/', "CZ, Binance's CEO just tweeted [this](https://twitter.com/cz_binance/status/1614887319177428992?s=20&t=-Ofkb0IXvfSoesnkuDKe_Q):\n\n>We detected Harmony One hacker fund movement. They previously tried to launder through Binance and we froze his accounts. This time he used Huobi. We assisted Huobi team to freeze his accounts. Together, 124 BTC have been recovered. \n\nThis is a positive development in the ongoing fight against hacking and money laundering in the cryptocurrency industry. It shows that Binance is actively monitoring for suspicious activity and taking steps to prevent these types of criminal activities on its platform. Additionally, the fact that Binance was able to assist another exchange, Huobi, in recovering stolen funds is a good indication of cooperation and collaboration between different cryptocurrency exchanges to combat these issues. \n\nOn the comments CZ also stated that some exchanges are collaborative and talk to each other to prevent scammers and exploiters to cash out but that not every exchange does. Let's hope this is a lesson for exchanges to help each other out.", 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/', '10d8sbw', [['u/Intelligent_Page2732', 206, '2023-01-16 09:08', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4k91o9/', "I think it's more frightening that those hacks were done by incompetent hackers, instead of 'elite' hackers that will almost never get caught.", '10d8sbw'], ['u/Roberto9410', 14, '2023-01-16 09:08', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4k91r7/', 'I really hope somehow that these funds are returned - if they are sent to an exchange account they are now in the custody of the exchange right? So might be able to be returned?', '10d8sbw'], ['u/Snowflake8050', 11, '2023-01-16 09:37', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kb91y/', 'So far 124 BTC have been recovered', '10d8sbw'], ['u/djmoblei', 54, '2023-01-16 09:41', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kbka0/', 'Hackers were the notorious Lazarus Group. Tracking the funds wasn’t trivial at all; this chart blew my mind.\n\nhttps://twitter.com/zachxbt/status/1614771861266792449?s=46&t=ZF5g7Li_qCjFabB5033iXg', '10d8sbw'], ['u/UnlikelyHold11', 15, '2023-01-16 09:54', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kcm1g/', 'It is frightening how much easier it is to steal than it is to make a clean getaway.', '10d8sbw'], ['u/sacred_thinker', 115, '2023-01-16 10:12', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kdxd4/', 'The hacker tried to use a KYC exchange to cash out lmao', '10d8sbw'], ['u/diskowmoskow', 20, '2023-01-16 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kh8me/', 'If this dumb could hack the protocol, the protocol was even dumber to have that vulnerability.', '10d8sbw'], ['u/Rookslook', 47, '2023-01-16 11:18', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kira3/', 'Was the Lazarus group, that kyc info will be stolen', '10d8sbw'], ['u/Tatakae69', 18, '2023-01-16 11:57', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4klm8u/', "That's some hardwork right there. \n\nNonetheless Blockchain showing how transparent this can get. *You love to see it*", '10d8sbw'], ['u/C01n_sh1LL', 20, '2023-01-16 12:20', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kndpv/', "Is that the group that's thought to be DPRK state actors?", '10d8sbw'], ['u/Rookslook', 12, '2023-01-16 12:22', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4knkia/', 'Yeh that’s them', '10d8sbw'], ['u/C01n_sh1LL', 19, '2023-01-16 12:24', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4knqga/', "Yeah they're not concerned about KYC.", '10d8sbw'], ['u/alterise', 16, '2023-01-16 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kovx9/', "Actually pretty dumb to deposit into Tornado then withdraw immediately. The point of Tornado is obfuscation... at least wait and withdraw at random times over a month or whenever there's high volume moving through Tornado?", '10d8sbw'], ['u/djmoblei', 10, '2023-01-16 12:56', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4kqd5t/', 'Yeah exactly, that’s the correct way of using the protocol. Can’t believe they fuck this up so bad.', '10d8sbw'], ['u/ThatInternetGuy', 25, '2023-01-16 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4ksnvp/', "Truth is a little more complicated. The Lazarus group probably auctioned off the tokens to someone else at a discount and it's that someone else who was trying to cash out. This is the definition of money laundering. It means cryptos and/or fiats are exchanged hands (likely multiple times) off the book.", '10d8sbw'], ['u/whitak3r', 14, '2023-01-16 14:37', 'https://www.reddit.com/r/CryptoCurrency/comments/10d8sbw/hackers_arent_that_smart_harmony_hacker_has_tried/j4l06cu/', "It's recommended to wait and withdraw over the course of a long period. Depending on the size of the initial deposit that may be a while...\n\nIf I deposit 1000 ETH and pull out 100 ETH 10 times within the first 12 hours I deposit, it looks pretty suspicious. \n\nIf I deposit 1000 ETH and withdraw 10 ETH in a week, 10 ETH 9 days later and then over the next year(s) pull out the remainder in chucks of 10, it's harder to point fingers at certain wallets.\n\n\nHonestly I'm suprised they aren't atomic swapping btc for monero. \n\nThey could have honestly used zCash shielded or LTC mimblewinble to obfuscate their transactions, better then sending funds from a known hacker wallet to a CEX lol...", '10d8sbw']]], ['u/Jxjay', 'If you are a long-term believer, protect a part of your holding for the long term.', 57, '2023-01-16 09:34', 'https://www.reddit.com/r/nanotrade/comments/10d9ds8/if_you_are_a_longterm_believer_protect_a_part_of/', 'Imagine people who had thousands of BTC years ago, but sold most of them sub $1000. Yea, they gained a lot, but what if they kept 1k btc for the long term, selling only 10% of it each bull market.\n\n&#x200B;\n\n100x gains, can be VERY persuasive to sell all. (even 10x)\n\nTry this :\n\n\\- take for example 25% of your holdings.\n\n\\- split it to 5 parts, which you put on 5 paper wallets (or you can just write down seed of a new wallet)\n\n\\- put your paper wallets somewhere very safe (even a bank deposit box is a good place, that would even be part of a potential inheritance if something bad happens.)\n\n\\- tell yourself, that this is for your children, or future family, or pension.... if XNO is successful as we think.\n\n(you can change numbers and ratios by your liking)\n\n&#x200B;\n\nNow you have 75% of your xno free to use or sell, whenever you think you need it or you have enough gains, without later feeling FOMO, that you shouldn\'t have sold all (and loosing your gains on volatility).\n\n25% of current holdings is nothing, if 75% does even 10x.\n\nand 25% can be absolutely life changing in 5-10y.\n\nand if it goes to 0, you have those "75%" gains, which is enough.\n\n&#x200B;\n\n(I wouldn\'t use Ledger for this. Xno support is not native, and tech can change a LOT in 10 years. Just look at btc cold storage 10y ago)\n\n&#x200B;\n\nIn future years, you can for example, take one paper wallet each bull market.', 'https://www.reddit.com/r/nanotrade/comments/10d9ds8/if_you_are_a_longterm_believer_protect_a_part_of/', '10d9ds8', [['u/mmnumaone', 12, '2023-01-16 12:52', 'https://www.reddit.com/r/nanotrade/comments/10d9ds8/if_you_are_a_longterm_believer_protect_a_part_of/j4kpzzc/', 'Bitcoin gains were not guaranteed so they sold early for big profits and locked in unrealised gains.', '10d9ds8'], ['u/JusticeLoveMercy', 14, '2023-01-16 16:33', 'https://www.reddit.com/r/nanotrade/comments/10d9ds8/if_you_are_a_longterm_believer_protect_a_part_of/j4lfbi4/', "Reality is most people don't have financial discipline. They trade with feelings of euphoria and grandiose fantasy or fear and bitterness. Very few invest for their grandchildren in mind.", '10d9ds8']]], ['u/Mastervodo', "Online Debit Cards. We don't Take bitcoin either.", 481, '2023-01-16 10:41', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/', 'Just up front - I did not get a guest who came in wanting to pay with Bitcoin. \n\nBut, tonight I did have a local, grizzly-looking guest come in with a Ca$happ card. Which we do not accept here. We do not accept cash, pre-paid debit cards, or online debit/virtual cards. Chime, Netspend, Greendot, Varo, Ca$happ, etc... We also do not accept bitcoin.\n\nMany of my fellow hoteliers will know why.\n\nAnyway - Local Grizzly, shows his ca$happ, and I let him know we don\'t accept those and ask if he has another form of payment. It\'s about midnight. Local Grizzly has no bank account and no credit card. But, he has stayed here twice in the last 3 months and paid with that card, he says. (great) Local Grizzly asks if I can make an exception. I let Local Grizzly know that if my co-workers made a mistake and allowed him to check in with that card, I do not have to continue making that mistake. Local Grizzly asks if the girl he was meeting here has a credit card, can they check in. I say sure, yes, if it\'s a checking account card or a credit card.\n\n30 mins later, I get a call from (brand) customer service asking why I didn\'t check Local Grizzly in. I let them know, and now the GM gets to call Local Grizzly and apologize that 2 of my co-workers let him check in with that card before.\n\n30 minutes later - guest shows up again with thin, pink-haired woman.\n\n"Welcome back", I say. "Give me a moment and I will get your reservation re-instated". Meanwhile, pink-hair is pulling out her wallet and pulls out - a Varo card.\n\n"You\'re going to hate me.", I apologize. "We do not accept Varo. They\'re the same kind of card as Ca$happ."\n\nQue a few minutes explaining we don\'t accept prepaid debit cards, or online virtual cards. We only accept credit cards and checking account cards.\n\nPink-hair pulls out at least SEVEN (7) different pre-paid or virtual bank cards. I ask if pink-hair has an actual credit card, or a card from a physical bank. Pink-hair says no, then starts getting a little miffed and complains about the policy and why we have it. I plead ignorance because there\'s no reason to try and argue about it, because it isn\'t going to change and I\'m not going to convince her that it\'s OK. So - they leave.\n\nBoth were in their 30\'s/40\'s, so it sends out red flags to me why neither of them has a checking account or a credit card. Red flags that they were both local, checking in very late. Maybe a tinder hookup. Maybe cheating on their spouses. Both looked like they were no stranger to drugs. Who knows? But I feel like we dodged a bullet and told the bullet not to come back.\n\nWhy mention bitcoin? Got a Patel Scam call this week.', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/', '10dagn7', [['u/oppzorro', 127, '2023-01-16 11:10', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4ki5q1/', "We unfortunately accept any card that has an actual name of the person who's name is on the reservation. This includes Crapapp", '10dagn7'], ['u/Pathadomus', 21, '2023-01-16 11:10', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4ki79n/', "I don't really get why you don't accept prepaid cards either, but if ya don't ya don't.", '10dagn7'], ['u/IntelligentLake', 36, '2023-01-16 11:33', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4kjvfh/', "One of the problems with them, is that if the owner of it goes and makes their rented room party-central, there is no way to get money from the card to pay for damages. If they even paid for the room, because often the money from the card disappears between the check for enough money, and actually taking the money.\n\nEven for people who have no ill intent, it can be a pain if you need twice the amount (first a hold for rent+deposit, then the actual separate transaction depending on how the money is taken). Generally its jus tnot worth it.\n\nI'm sure you can pay with other valuables though, like unicorn-glitter.", '10dagn7'], ['u/DBZSix', 76, '2023-01-16 11:34', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4kjvnv/', "Holds don't work properly. We can put a 20% hold, for instance, then they can go and take out all their money leaving us with nothing. That's just one reason.", '10dagn7'], ['u/codepl76761', 10, '2023-01-16 11:52', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4klaqn/', 'also it can be a pain in the butt to release the preauth on it it once took the guest and I six weeks to release the hold as the issuer kept moving the goal post as to what they needed to release the auth.', '10dagn7'], ['u/RelayedGlory', 21, '2023-01-16 11:59', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4kltip/', 'I’ve had to call prepaid card companies and argue with them about releasing funds back to their customer’s card. I recall arguing with a shitdot representative for two weeks on and off. Meanwhile the guest’s account was out the $1,000 charge for the room and the $1,300 we held at check-in on the card.', '10dagn7'], ['u/Green_Seat8152', 14, '2023-01-16 12:17', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4kn505/', 'Unless the guest cancels their bank card we can try again later and get the money. It may take a few days but they think we gave up but we have patience.', '10dagn7'], ['u/DBZSix', 13, '2023-01-16 13:41', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4kucr7/', "Holds don't work properly. We can put a 20% hold, for instance, then they can go and take out all their money leaving us with nothing. That's just one reason.", '10dagn7'], ['u/TheBobAagard', 36, '2023-01-16 13:51', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4kvadn/', 'A pre-auth on a debit card holds those funds for the hotel’s exclusive use. As long as the hold doesn’t get released, it’s there.', '10dagn7'], ['u/FiddlerOnACliff', 27, '2023-01-16 16:05', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4lbd6z/', "Apple pay is pretty much just an online version of a physical card with an actual bank that's been uploaded. Same for Google pay. Banks have to authorize third-party access to their card and everything. Most touch to pay terminals accept them, and people got very used to them and not needing to remember their physical cards during Covid. Hotels are some of the incredibly few places a physical card is mandatory, so if someone hasn't traveled in a while, it's very easy to forget.", '10dagn7'], ['u/NickDixon37', 102, '2023-01-16 16:24', 'https://www.reddit.com/r/TalesFromTheFrontDesk/comments/10dagn7/online_debit_cards_we_dont_take_bitcoin_either/j4ldxlu/', "There are lots of reasons why someone wouldn't have a credit card.\n\n1. They totally screwed up, and then haven't yet signed up for one of those pay to play cards.\n2. They got into a horrific financial bind as a result of circumstances that they couldn't control. And they haven't signed up for - or may...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['When the pandemic first erupted in China, the government kept the nation under a tight zero-Covid policy, thus clouding the narrative for Chinese stocks to buy. However, late last year, Beijing said it would start reopening its economy, the world\x92s second largest. Then, at the start of last week, Reuters reported that a stream of travelers took advantage of the loosened restrictions. \x93After three years, mainland China opened sea and land crossings with Hong Kong and ended a requirement for incoming travelers to quarantine, dismantling a final pillar of a zero-COVID policy that had shielded China\x92s 1.4 billion people from the virus but also cut them off from the rest of the world,\x94 stated Reuters . Moving forward, the end of restrictive policies should bode well for Chinese stocks to buy. To be sure, many fundamental challenges remain. As well, many Chinese stocks to buy already soared under the buy-the-rumor, sell-the-news concept. Still, with consumers there being largely dormant for so long, the resultant boon in spending may sustain for a while. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BABA Alibaba $117.01 YUMC Yum China $60.21 ZNH China Southern Airlines $35.75 ZTO ZTO Express $28.68 TAL TAL Education $8.64 SIMO Silicon Motion $65.30 ATHM Autohome $35.87 Alibaba (BABA) baba value stocks Source: BigTunaOnline / Shutterstock.com As the flagship corporation of China, Alibaba (NYSE: BABA ) deserves special consideration among Chinese stocks to buy. With the underlying economy finally reopening, consumers will likely enjoy greater income predictability. Because the government lifted a major variable, spending across all platforms \x96 including e-commerce \x96 may rise. Ultimately, this should bode well for BABA stock. Indeed, while BABA slipped 11% in the trailing year, on a year-to-date basis, shares stormed higher by more than 27%. Moreover, Wall Street analysts rate Alibaba as a unanimous strong buy . And that\x92s out of 16 analysts, not this two or three analysts business. Further, their average price target stands at $138.53, implying potential upside of more than 18%.\xa0On the financials, Alibaba enjoys a decently stable balance sheet. Its cash-to-debt ratio pings at 3 times, ranked better than over 79% of the competition. Objectively as well, BABA rates as undervalued, with the market pricing shares at 12.3-times forward earnings. In contrast, the sector median is 15 times. Story continues Yum China (YUMC) YUM stock: the yum logo on the side of a building Source: JHVEPhoto / Shutterstock.com Stressful events tend to spark emotional eating . And few events collectively imposed stress quite like Covid-19. Therefore, Yum China (NYSE: YUMC ) \x96 which features many popular fast-food brands \x96 should perform very well. To be honest, it\x92s an obvious idea among Chinese stocks to buy based on the underlying country\x92s reopening. In the trailing year, YUMC gained more than 29%. That\x92s simply a staggering figure when you consider 2022\x92s global context. Of course, most of these gains came late. In the trailing half-year period, shares swung higher by more than 31%. And in the young year so far, YUMC moved up nearly 7%.\xa0Primarily, hedge funds love Yum China, with TipRanks noting that sentiment among these institutional investors rate as very positive. Also, YUMC enjoys some decent underlying financial strengths. For instance, the company\x92s cash-to-debt ratio stands at 1.73 times, better than over 81% of its rivals. Also, it\x92s a very profitable business. China Southern Airlines (ZNH) a close-up shot of an airplane engine Source: frank_peters / Shutterstock.com One of the more intriguing ideas among Chinese stocks to buy is China Southern Airlines (NYSE: ZNH ). Per its public profile , China Southern represents one of the nation\x92s big three airliners. It\x92s also one of the largest in the world based on passengers carried. Of course, with China reopening, this potentially opens the floodgates for air travel.\xa0Apparently, market participants believe in the above thesis. In the trailing year, ZNH stock gained 15%, beating out many if not most U.S. carriers. Notably, shares gained almost 6% for the year. And in the trailing half-year period, ZNH gained over 22%, with traders anticipating the reopening announcement. To be fair, China Southern represents one of the riskiest names among Chinese stocks to buy based on objective financials. Currently, the company\x92s balance sheet is a mess. As well, long-term performance indicators for revenue and earnings ping deeply in red ink. Still, with investments like ZNH, prospective investors must extend some rope. Covid-19 hit the airliners cruelly hard. However, the bounce-back of the world\x92s second-largest economy should augur positively for China Southern. ZTO Express (ZTO) Concept of china stock market ticker, Chinese stocks up Source: pixfly / Shutterstock.com Headquartered in Shanghai, China, ZTO Express (NYSE: ZTO ) is one of the leading express delivery companies in China in terms of parcel volume, per its website . While the company carried packages during the zero-Covid-policy days, it could enjoy a significant rally with the restrictions gone.\xa0For instance, in the U.S., e-commerce as a percentage of total retail sales fell conspicuously after peaking in the second quarter of 2020. However, since Q1 of last year, this metric has been steadily rising. While China is obviously not the U.S., reduced restrictions may have a positive effect on consumer sentiment generally. Further, the market recently turned up for ZTO. While it lost 8% in the trailing year, shares gained 7.5% in the trailing month. As with Alibaba, ZTO features a unanimous strong buy consensus \x96 although with four analysts, to be fair.\xa0Finally, the company enjoys a strong balance sheet, particularly a cash-to-debt ratio of 1.45 times. This metric ranks better than over 74% of the industry. Thus, ZTO represents a worthy wager among Chinese stocks to buy. TAL Education (TAL) Image of a young girl raising her hand in front of a laptop. Source: MIA Studio / Shutterstock.com Although China\x92s reopening should augur well for Chinese stocks to buy tethered to commerce, it\x92s not the only sector that will likely enjoy benefits. Fundamentally, TAL Education (NYSE: TAL ) and its ilk should perform robustly throughout the new year. As an after-school education and tutoring, TAL already enjoyed significant relevancies. However, Covid-19 brought a new urgency to the academic arena. Back during the initial impact of the pandemic, Chinese authorities limited face-to-face teaching . However, if their experience is like ours, the sudden transition to remote learning protocols affected everyone, from teachers to parents to students. In other words, it\x92s very possible that China\x92s educational rigor took a hit. Fortunately, that\x92s where TAL can fill the opportunity gap. To be fair, TAL presents risks. Though it features a strong buy consensus view , analysts\x92 price target implies a share price drop of almost 34%. Still, TAL enjoys a solidly stable balance sheet. And based on its price-to-tangible-book ratio of 1.53, it\x92s undervalued . Thus, TAL could be one of the Chinese stocks to buy for speculators. Silicon Motion Technology (SIMO) Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech Source: shutterstock.com/whiteMocca Silicon Motion Technology (NASDAQ: SIMO ) is an American-Taiwanese firm so it\x92s not \x93perfectly\x94 one of the Chinese stocks to buy. However, the NAND flash controller integrated circuits specialist does significant business with the China\x92s data center market via an acquisition. Fundamentally, then, with China\x92s reopening, it\x92s reasonable to expect greater tech activity, thus boosting SIMO stock. Now, on paper, SIMO represents one of the riskiest ideas. In the trailing year, shares fell 29%. Further, recent performances leave much to be desired. For example, for the year so far, SIMO gained just a bit under 2%.\xa0Nevertheless, if you give weight to analyst ratings, SIMO deserves a closer look. For one thing, Silicon Motion enjoys a strong buy consensus view . If that\x92s not enough, their average price target stands at a lofty $88.25, implying potential upside of 35%. Finally, Silicon Motion benefits from strong overall financials . To boot, the market prices SIMO at 10-times forward earnings, well below the sector median of 18.4 times. Autohome (ATHM) An angled side view of a row of parked cars. Source: lumen-digital / Shutterstock.com Based on broader fundamentals, Autohome (NYSE: ATHM ) might seem unusually risky. If you\x92re looking for a higher-probability wager among Chinese stocks to buy, you may want to consider the top names. According to its corporate profile , Autohome is the leading online destination for automobile consumers in China. However, with global recession fears dominating the news cycle last year, fewer people wish to buy a car. Still, the decision isn\x92t up to the consumer. Instead, it\x92s up to the vehicle. For instance, in the U.S., the average age of vehicles on roadways hit a record 12.2 years . Once cars break down, it\x92s many times best to replace them rather than repair money pits. Again, China isn\x92t the U.S., I get that. However, the same principle might apply, thus possibly making ATHM one of the Chinese stocks to buy. Further, analysts like Autohome, rating the underlying investment as a consensus moderate buy . As well, the company offers surprisingly strong financials. Most notably, Autohome features no debt, thus benefitting from flexibility during these difficult times. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 It doesn\x92t matter if you have $500 or $5 million. Do this now. The post 7 Chinese Stocks to Buy as the Asian Giant Reopens appeared first on InvestorPlace .', 'When the pandemic first erupted in China, the government kept the nation under a tight zero-Covid policy, thus clouding the narrative for Chinese stocks to buy. However, late last year, Beijing said it would start reopening its economy, the world’s second largest. Then, at the start of last week,Reutersreported that astream of travelers took advantageof the loosened restrictions.\n“After three years, mainland China opened sea and landcrossingswith Hong Kong and ended a requirement for incoming travelers to quarantine, dismantling a final pillar of a zero-COVID policy that had shielded China’s 1.4 billion people from the virus but also cut them off from the rest of the world,” statedReuters. Moving forward, the end of restrictive policies should bode well for Chinese stocks to buy.\nTo be sure, many fundamental challenges remain. As well, many Chinese stocks to buy already soared under the buy-the-rumor, sell-the-news concept. Still, with consumers there being largely dormant for so long, the resultant boon in spending may sustain for a while.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"BABA": "YUMC", "Alibaba": "Yum China", "$117.01": "$60.21"}, {"BABA": "ZNH", "Alibaba": "China Southern Airlines", "$117.01": "$35.75"}, {"BABA": "ZTO", "Alibaba": "ZTO Express", "$117.01": "$28.68"}, {"BABA": "TAL", "Alibaba": "TAL Education", "$117.01": "$8.64"}, {"BABA": "SIMO", "Alibaba": "Silicon Motion", "$117.01": "$65.30"}, {"BABA": "ATHM", "Alibaba": "Autohome", "$117.01": "$35.87"}]\nSource: BigTunaOnline / Shutterstock.com\nAs the flagship corporation of China,Alibaba(NYSE:BABA) deserves special consideration among Chinese stocks to buy. With the underlying economy finally reopening, consumers will likely enjoy greater income predictability. Because the government lifted a major variable, spending across all platforms – including e-commerce – may rise. Ultimately, this should bode well for BABA stock.\nIndeed, while BABA slipped 11% in the trailing year, on a year-to-date basis, shares stormed higher by more than 27%. Moreover, Wall Street analysts rate Alibaba as aunanimous strong buy. And that’s out of 16 analysts, not this two or three analysts business. Further, their average price target stands at $138.53, implying potential upside of more than 18%.\xa0On the financials, Alibaba enjoys a decently stable balance sheet. Its cash-to-debt ratio pings at 3 times, ranked better than over 79% of the competition. Objectively as well, BABA rates as undervalued, with the market pricing shares at 12.3-times forward earnings. In contrast, the sector median is 15 times.\nSource: JHVEPhoto / Shutterstock.com\nStressful events tend to spark emotional eating. And few events collectively imposed stress quite like Covid-19. Therefore,Yum China(NYSE:YUMC) – which features many popular fast-food brands – should perform very well. To be honest, it’s an obvious idea among Chinese stocks to buy based on the underlying country’s reopening.\nIn the trailing year, YUMC gained more than 29%. That’s simply a staggering figure when you consider 2022’s global context. Of course, most of these gains came late. In the trailing half-year period, shares swung higher by more than 31%. And in the young year so far, YUMC moved up nearly 7%.\xa0Primarily,hedge fundslove Yum China, with TipRanks noting that sentiment among these institutional investors rate as very positive. Also, YUMC enjoys some decent underlying financial strengths. For instance, the company’scash-to-debt ratiostands at 1.73 times, better than over 81% of its rivals. Also, it’s a very profitable business.\nSource: frank_peters / Shutterstock.com\nOne of the more intriguing ideas among Chinese stocks to buy isChina Southern Airlines(NYSE:ZNH). Per itspublic profile, China Southern represents one of the nation’s big three airliners. It’s also one of the largest in the world based on passengers carried. Of course, with China reopening, this potentially opens the floodgates for air travel.\xa0Apparently, market participants believe in the above thesis. In the trailing year, ZNH stock gained 15%, beating out many if not most U.S. carriers. Notably, shares gained almost 6% for the year. And in the trailing half-year period, ZNH gained over 22%, with traders anticipating the reopening announcement.\nTo be fair, China Southern represents one of the riskiest names among Chinese stocks to buy based on objective financials. Currently, the company’s balance sheet is a mess. As well, long-term performance indicators for revenue and earnings ping deeply in red ink.\nStill, with investments like ZNH, prospective investors must extend some rope. Covid-19 hit the airliners cruelly hard. However, the bounce-back of the world’s second-largest economy should augur positively for China Southern.\nSource: pixfly / Shutterstock.com\nHeadquartered in Shanghai, China,ZTO Express(NYSE:ZTO) is one of the leading express delivery companies in China in terms of parcel volume,per its website. While the company carried packages during the zero-Covid-policy days, it could enjoy a significant rally with the restrictions gone.\xa0For instance, in the U.S.,e-commerce as a percentage of total retail salesfell conspicuously after peaking in the second quarter of 2020. However, since Q1 of last year, this metric has been steadily rising. While China is obviously not the U.S., reduced restrictions may have a positive effect on consumer sentiment generally.\nFurther, the market recently turned up for ZTO. While it lost 8% in the trailing year, shares gained 7.5% in the trailing month. As with Alibaba, ZTO features aunanimous strong buy consensus– although with four analysts, to be fair.\xa0Finally, the company enjoys a strong balance sheet, particularly a cash-to-debt ratio of 1.45 times. This metric ranks better than over 74% of the industry. Thus, ZTO represents a worthy wager among Chinese stocks to buy.\nSource: MIA Studio / Shutterstock.com\nAlthough China’s reopening should augur well for Chinese stocks to buy tethered to commerce, it’s not the only sector that will likely enjoy benefits. Fundamentally,TAL Education(NYSE:TAL) and its ilk should perform robustly throughout the new year. As an after-school education and tutoring, TAL already enjoyed significant relevancies. However, Covid-19 brought a new urgency to the academic arena.\nBack during the initial impact of the pandemic, Chinese authoritieslimited face-to-face teaching. However, if their experience is like ours, thesudden transitionto remote learning protocols affected everyone, from teachers to parents to students. In other words, it’s very possible that China’s educational rigor took a hit. Fortunately, that’s where TAL can fill the opportunity gap.\nTo be fair, TAL presents risks. Though it features astrong buy consensus view, analysts’ price target implies a share price drop of almost 34%. Still, TAL enjoys a solidly stable balance sheet. And based on its price-to-tangible-book ratio of 1.53, it’sundervalued. Thus, TAL could be one of the Chinese stocks to buy for speculators.\nSource: shutterstock.com/whiteMocca\nSilicon Motion Technology(NASDAQ:SIMO) is an American-Taiwanese firm so it’s not “perfectly” one of the Chinese stocks to buy. However, the NAND flash controller integrated circuits specialist does significant business with the China’s data center market via an acquisition. Fundamentally, then, with China’s reopening, it’s reasonable to expect greater tech activity, thus boosting SIMO stock.\nNow, on paper, SIMO represents one of the riskiest ideas. In the trailing year, shares fell 29%. Further, recent performances leave much to be desired. For example, for the year so far, SIMO gained just a bit under 2%.\xa0Nevertheless, if you give weight to analyst ratings, SIMO deserves a closer look. For one thing, Silicon Motion enjoys astrong buy consensus view. If that’s not enough, their average price target stands at a lofty $88.25, implying potential upside of 35%.\nFinally, Silicon Motion benefits fromstrong overall financials. To boot, the market prices SIMO at 10-times forward earnings, well below the sector median of 18.4 times.\nSource: lumen-digital / Shutterstock.com\nBased on broader fundamentals,Autohome(NYSE:ATHM) might seem unusually risky. If you’re looking for a higher-probability wager among Chinese stocks to buy, you may want to consider the top names. According to itscorporate profile, Autohome is the leading online destination for automobile consumers in China. However, withglobal recession fearsdominating the news cycle last year, fewer people wish to buy a car.\nStill, the decision isn’t up to the consumer. Instead, it’s up to the vehicle. For instance, in the U.S., the average age of vehicles on roadwayshit a record 12.2 years. Once cars break down, it’s many times best to replace them rather than repair money pits. Again, China isn’t the U.S., I get that. However, the same principle might apply, thus possibly making ATHM one of the Chinese stocks to buy.\nFurther, analysts like Autohome, rating the underlying investment as aconsensus moderate buy. As well, the company offers surprisingly strong financials. Most notably, Autohome features no debt, thus benefitting from flexibility during these difficult times.\nOn the date of publication, Josh Enomotodid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post7 Chinese Stocks to Buy as the Asian Giant Reopensappeared first onInvestorPlace.', 'Not too long ago, Disney (NYSE: DIS ) dropped a bombshell, which effectively boosted the narrative of the best gig economy stocks to buy. According to a CNBC report, Disney’s reappointed CEO Bob Iger requested that in March, hybrid employees will be expected to come into the office for four days of the week. Later, Starbucks (NASDAQ: SBUX ) made an announcement that its corporate workers must also come into the office three days a week. Frankly, this development reeked of inevitability. While worker bees claimed that they were more productive at home than in the office, the big bosses can see through the BS. It’s akin to men self-reporting their height or women their weight: these are not credible statistics. With companies no longer playing ball, investors should consider the best gig economy stocks to buy. Let’s also be real about another reality: most teleworkers prefer working from home (probably because many are not really working ). In the subsequent conflict between workers and management, the latter will almost always win. Therefore, it’s time to get cynical and consider the below best gig economy stocks to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips GOOG GOOGL Alphabet $92.80 MSFT Microsoft $239.23 ADBE Adobe $344.38 HRB H&R Block $37.85 UBER Uber $29.44 ROVR Rover $3.76 UPWK Upwork $12.60 Alphabet (GOOG, GOOGL) Alphabet Inc. (GOOG, GOOGL) and Google logos seen displayed on a smartphone Source: IgorGolovniov / Shutterstock.com Branching out on your own as a freelancer can be tough. It might even be tougher to quit your job because the company asked for a return to normal policy; you know, the original contract to which job applicant and employer agreed to prior to the coronavirus. Whatever the circumstances, gig workers (i.e. independent contractors) will find Alphabet (NASDAQ: GOOG , NASDAQ: GOOGL ) and its ecosystem absolutely critical. It’s not just that Google dominates the search engine market and by logical deduction, the Internet. Don’t get me wrong – that’s a massive part of the narrative. Whether as a worker bee looking for greener pastures or a gig worker seeking new contracts, Alphabet is indispensable. However, it’s also that many companies that “contract out” work needs freelancers to utilize Google’s business architecture for content-sharing purposes. As well, Google’s ownership of YouTube and its AdSense protocol enables practically anyone to monetize their independent content. While Alphabet isn’t directly one of the best gig economy stocks to buy, its overriding relevance makes it worth consideration. Microsoft (MSFT) The Microsoft logo outside a building representing MSFT stock. Source: Asif Islam / Shutterstock.com Story continues A suitable investment in arguably most circumstances, Microsoft (NASDAQ: MSFT ) rates very well as one of the best gig economy stocks to buy. Fundamentally, that’s because Microsoft owns the business ecosystem. Sure, we can talk about Apple (NASDAQ: AAPL ) dominating the mobile consumer market with its i-Whatever products. But for business purposes, Microsoft stands alone. When you consider the global desktop operating system segment, Microsoft Windows dominates with over 75% market share . Until this equation changes in favor of other operating systems, the logical deduction rings clear: as a freelancer, you must be fluent with Microsoft’s ecosystem or risk getting passed over. It’s not that you can’t use Apple but you must know Microsoft. Fundamentally, this should bolster Microsoft’s pivot toward Software as a Service (SaaS). Frankly, it’s just easier for freelancers to have access to business applications such as Word and Excel. Again, you can use competing platforms. However, Microsoft has been doing business suite software for a long time. It’s not going to lose dominance easily, thus making MSFT one of the best gig economy stocks to buy. Adobe (ADBE) ADBE stock adobe stock Source: Shutterstock At first glance, software specialist Adobe (NASDAQ: ADBE ) doesn’t appear to justify inclusion among the best gig economy stocks to buy. In the trailing year, for instance, ADBE gave up nearly 33% of equity value. And if we’re being blunt, Adobe’s products seem to be limited in nature. For instance, it’s perhaps best known for Photoshop, which is not necessarily a universal business program. Not to justify ADBE with a whataboutism but the ticker isn’t the only one with a poor trailing-one-year performance. Both Alphabet and Microsoft above suffer from double-digit losses in the mentioned period. However, Adobe’s fundamental relevance could make ADBE a relative discount, which leads to my second point.\xa0Even before the Covid-19 pandemic changed the workplace environment, some sources recognized the potential for creatives finding opportunities in the gig economy . Even with advertising spending down in 2022 amid budget tightening, freelancers can undercut the enterprise-level competition. And it would be match made in heaven. Therefore, ADBE deserves consideration for best gig economy stocks to buy. H&R Block (HRB) Stacks of coins hold up wooden blocks that spell out "TAX." Source: Shutterstock Among the best gig economy stocks to buy, tax-preparation service provider H&R Block (NYSE: HRB ) is a clear-cut chart winner. In the trailing year, HRB shares dramatically bounced higher to the tune of over 70%. This performance beats out so many other major enterprises. Of course, an inherent risk exists in chasing after strong players, particularly in this market. I understand the hesitation. Still, if you’re a prospective investor, think of it this way. In the trailing half-year period, HRB only gained a bit over 1%. Since Aug. 18 through the close of Jan. 13, HRB fell nearly 22%. However, the underlying fundamentals drives confidence that HRB really does rank among the best gig economy stocks to buy.\xa0Let’s face facts. If you file a standard W-2 form, in arguably most cases, several tax-filing companies offer free filing services . Why free? Because it’s flippin’ easy to do. However, when newly minted gig workers file their 1099 forms, then things suddenly stop being free.\xa0Taxes for gig workers feature greater complexities. H&R Block can help, thus bolstering HRB stock. Uber (UBER) 2 Critical Reasons Uber Stock Will Weather the Pandemic Source: NYCStock / Shutterstock.com Admittedly, bringing up Uber (NYSE: UBER ) as one of the best gig economy stocks to buy presents a tricky conundrum. Effectively, Uber pioneered the ride-sharing concept, disrupting the traditional taxi business in the process. And disruption represents one of the characteristics of the gig economy. However, Uber also attracted much controversy, particularly regarding the employee-versus-independent-contractor debate. Further, debates erupted recently about drivers demanding higher wages amid rising costs for everyone. Fundamentally, Uber faces a messy situation. At the same time, the company still offers opportunities for those that want to make extra cash. As well, with the ride-sharing specialist expanding its Uber Eats food-delivery service over the years, it’s well-positioned to become a utilitarian service provider rising beyond the transportation component. Naturally, questions will come up regarding Uber’s financial profile which honestly stinks as of now. However, because of the relevancies and Uber’s brand dominance, the fiscal viability may eventually arrive. Rover (ROVR) A terrier lies on a dog bed with a cone on. Source: Shutterstock Rover (NASDAQ: ROVR ) may not be for everyone. In the trailing year, ROVR dropped 42% of equity value. Per data from Google Finance , ROVR’s lifetime return is over 65% below parity. Clearly, the underlying enterprise needs time for its business narrative to blossom. However, that time could come soon. Here’s the first part of the equation. Americans love their pets. So much so, in fact, that the American Pet Products Association revealed that in 2021, the pet industry rang up total revenue of $123.6 billion , a banner year. Therefore, Rover, which connects dog owners with pet-service providers, plies its trade in a very relevant market.\xa0The other factor benefitting ROVR stock is the aforementioned return-to-the-office policies that companies now demand. Suddenly, the work-from-home types can no longer care for their furry friends themselves. Therefore, Rover may enjoy a significant demand spike, making it one of the best gig economy stocks to buy. Upwork (UPWK) The logo for Upwork (UPWK) is displayed on a cellphone. Source: Funstock / Shutterstock.com Although Upwork (NASDAQ: UPWK ) represents one of the direct plays among the best gig economy stocks to buy, it’s also one of the riskiest. In the trailing year, UPWK dropped over 52% of equity value. In terms of its lifetime performance, UPWK is down 40%. Still, it’s definitely on a recovery path. For the year so far, shares gained a remarkable 17%. An online marketplace connecting freelancers with entities seeking workers for generally short-term projects, Upwork should gain more support as people encounter a choice: either go back to the office like many companies demand or take a stab at the gig economy.\xa0While Upwork carries both technical and financial risks, Wall Street analysts really love UPWK. Currently, among a total of nine experts, eight of them rate UPWK a buy. The outlier rates it a hold, making for a consensus strong buy view . As well, the average $19.44 price target implies over 54% upside potential from the time of writing. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post The 7 Best Gig Economy Stocks to Buy for 2023 appeared first on InvestorPlace . View comments', 'Not too long ago,Disney(NYSE:DIS) dropped a bombshell, which effectively boosted the narrative of the best gig economy stocks to buy. According to aCNBCreport, Disney’s reappointed CEO Bob Iger requested that in March, hybrid employees will be expected tocome into the officefor four days of the week. Later,Starbucks(NASDAQ:SBUX) made an announcement that its corporate workersmust also come into the officethree days a week.\nFrankly, this development reeked of inevitability. While worker bees claimed that they were more productive at home than in the office, the big bosses can see through the BS. It’s akin to men self-reporting their height or women their weight: these are not credible statistics. With companies no longer playing ball, investors should consider the best gig economy stocks to buy.\nLet’s also be real about another reality:most teleworkers prefer working from home(probably becausemany are not really working). In the subsequent conflict between workers and management, the latter will almost always win. Therefore, it’s time to get cynical and consider the below best gig economy stocks to buy.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"GOOGGOOGL": "MSFT", "Alphabet": "Microsoft", "$92.80": "$239.23"}, {"GOOGGOOGL": "ADBE", "Alphabet": "Adobe", "$92.80": "$344.38"}, {"GOOGGOOGL": "HRB", "Alphabet": "H&R Block", "$92.80": "$37.85"}, {"GOOGGOOGL": "UBER", "Alphabet": "Uber", "$92.80": "$29.44"}, {"GOOGGOOGL": "ROVR", "Alphabet": "Rover", "$92.80": "$3.76"}, {"GOOGGOOGL": "UPWK", "Alphabet": "Upwork", "$92.80": "$12.60"}]\nSource: IgorGolovniov / Shutterstock.com\nBranching out on your own as a freelancer can be tough. It might even be tougher toquit your jobbecause the company asked for a return to normal policy; you know, the original contract to which job applicant and employer agreed to prior to the coronavirus. Whatever the circumstances, gig workers (i.e. independent contractors) will findAlphabet(NASDAQ:GOOG, NASDAQ:GOOGL) and its ecosystem absolutely critical.\nIt’s not just that Googledominates the search engine marketand by logical deduction, the Internet. Don’t get me wrong – that’s a massive part of the narrative. Whether as a worker bee looking for greener pastures or a gig worker seeking new contracts, Alphabet is indispensable. However, it’s also that many companies that “contract out” work needs freelancers to utilize Google’s business architecture for content-sharing purposes.\nAs well, Google’s ownership of YouTube and its AdSense protocol enables practically anyone to monetize their independent content. While Alphabet isn’t directly one of the best gig economy stocks to buy, its overriding relevance makes it worth consideration.\nSource: Asif Islam / Shutterstock.com\nA suitable investment in arguably most circumstances,Microsoft(NASDAQ:MSFT) rates very well as one of the best gig economy stocks to buy. Fundamentally, that’s because Microsoft owns the business ecosystem. Sure, we can talk aboutApple(NASDAQ:AAPL) dominating the mobile consumer market with its i-Whatever products. But for business purposes, Microsoft stands alone.\nWhen you consider the global desktop operating system segment, Microsoft Windows dominates withover 75% market share. Until this equation changes in favor of other operating systems, the logical deduction rings clear: as a freelancer, you must be fluent with Microsoft’s ecosystem or risk getting passed over. It’s not that you can’t use Apple but you must know Microsoft.\nFundamentally, this should bolster Microsoft’s pivot toward Software as a Service (SaaS). Frankly, it’s just easier for freelancers to have access to business applications such as Word and Excel. Again, you can use competing platforms. However, Microsoft has been doing business suite software for a long time. It’s not going to lose dominance easily, thus making MSFT one of the best gig economy stocks to buy.\nSource: Shutterstock\nAt first glance, software specialistAdobe(NASDAQ:ADBE) doesn’t appear to justify inclusion among the best gig economy stocks to buy. In the trailing year, for instance, ADBE gave up nearly 33% of equity value. And if we’re being blunt, Adobe’s products seem to be limited in nature. For instance, it’s perhaps best known for Photoshop, which is not necessarily a universal business program.\nNot to justify ADBE with a whataboutism but the ticker isn’t the only one with a poor trailing-one-year performance. Both Alphabet and Microsoft above suffer from double-digit losses in the mentioned period. However, Adobe’s fundamental relevance could make ADBE a relative discount, which leads to my second point.\xa0Even before the Covid-19 pandemic changed the workplace environment, some sources recognized the potential forcreatives finding opportunities in the gig economy. Even withadvertising spending downin 2022 amid budget tightening, freelancers can undercut the enterprise-level competition. And it would be match made in heaven. Therefore, ADBE deserves consideration for best gig economy stocks to buy.\nSource: Shutterstock\nAmong the best gig economy stocks to buy, tax-preparation service providerH&R Block(NYSE:HRB) is a clear-cut chart winner. In the trailing year, HRB shares dramatically bounced higher to the tune of over 70%. This performance beats out so many other major enterprises. Of course, an inherent risk exists in chasing after strong players, particularly in this market.\nI understand the hesitation. Still, if you’re a prospective investor, think of it this way. In the trailing half-year period, HRB only gained a bit over 1%. Since Aug. 18 through the close of Jan. 13, HRB fell nearly 22%. However, the underlying fundamentals drives confidence that HRB really does rank among the best gig economy stocks to buy.\xa0Let’s face facts. If you file a standard W-2 form, in arguably most cases, several tax-filing companies offerfree filing services. Why free? Because it’s flippin’ easy to do.\nHowever, when newly minted gig workers file their 1099 forms, then things suddenly stop being free.\xa0Taxes for gig workers feature greater complexities. H&R Block can help, thus bolstering HRB stock.\nSource: NYCStock / Shutterstock.com\nAdmittedly, bringing upUber(NYSE:UBER) as one of the best gig economy stocks to buy presents a tricky conundrum. Effectively, Uber pioneered the ride-sharing concept, disrupting the traditional taxi business in the process. And disruption represents one of the characteristics of the gig economy. However, Uber also attracted much controversy, particularly regarding the employee-versus-independent-contractor debate.\nFurther, debates erupted recently aboutdrivers demanding higher wagesamid rising costs for everyone. Fundamentally, Uber faces a messy situation. At the same time, the company still offers opportunities for those that want to make extra cash. As well, with the ride-sharing specialist expanding its Uber Eats food-delivery service over the years, it’s well-positioned to become a utilitarian service provider rising beyond the transportation component.\nNaturally, questions will come up regarding Uber’sfinancial profilewhich honestly stinks as of now. However, because of the relevancies and Uber’s brand dominance, the fiscal viability may eventually arrive.\nSource: Shutterstock\nRover(NASDAQ:ROVR) may not be for everyone. In the trailing year, ROVR dropped 42% of equity value. Per data fromGoogle Finance, ROVR’s lifetime return is over 65%belowparity. Clearly, the underlying enterprise needs time for its business narrative to blossom. However, that time could come soon.\nHere’s the first part of the equation. Americans love their pets. So much so, in fact, that the American Pet Products Association revealed that in 2021, the pet industry rang up totalrevenue of $123.6 billion, a banner year. Therefore, Rover, which connects dog owners with pet-service providers, plies its trade in a very relevant market.\xa0The other factor benefitting ROVR stock is the aforementioned return-to-the-office policies that companies now demand. Suddenly, the work-from-home types can no longer care for their furry friends themselves. Therefore, Rover may enjoy a significant demand spike, making it one of the best gig economy stocks to buy.\nSource: Funstock / Shutterstock.com\nAlthoughUpwork(NASDAQ:UPWK) represents one of the direct plays among the best gig economy stocks to buy, it’s also one of the riskiest. In the trailing year, UPWK dropped over 52% of equity value. In terms of its lifetime performance, UPWK is down 40%. Still, it’s definitely on a recovery path. For the year so far, shares gained a remarkable 17%.\nAn online marketplace connecting freelancers with entities seeking workers for generally short-term projects, Upwork should gain more support as people encounter a choice: either go back to the office like many companies demand or take a stab at the gig economy.\xa0While Upwork carries both technical and financial risks, Wall Street analysts really love UPWK. Currently, among a total of nine experts, eight of them rate UPWK a buy. The outlier rates it a hold, making for aconsensus strong buy view. As well, theaverage $19.44 price targetimplies over 54% upside potential from the time of writing.\nOn the date of publication, Josh Enomotodid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe postThe 7 Best Gig Economy Stocks to Buy for 2023appeared first onInvestorPlace.', 'Although information from the Dec. Consumer Price Index mayseemingly bode wellfor costs-of-living dynamics, inflation-fighting stocks to buy is still a good idea. For one thing, it’s probably not wise to make wholesale strategy changes based on a month’s worth of data. Second, themoney supply expanded dramatically, meaning much work needs to be done for containment.\xa0Therefore, investors shouldn’t give up on inflation-fighting stocks to buy.\nMoving forward, it’s anyone’s guess what will happen this year. Indeed, with so many wild events erupting in the last three years, few experts will want to stick their neck out. That’s why dividend-paying companies enjoy significant relevance right now, including these inflation-fighting stocks.\n[{"CL": "SRE", "Colgate-Palmolive": "Sempra Energy", "$77.85": "$160.83"}, {"CL": "PSX", "Colgate-Palmolive": "Phillips 66", "$77.85": "$103.03"}, {"CL": "IBM", "Colgate-Palmolive": "IBM.", "$77.85": "$145.89"}, {"CL": "PM", "Colgate-Palmolive": "Philip Morris", "$77.85": "$101.70"}, {"CL": "VZ", "Colgate-Palmolive": "Verizon", "$77.85": "$41.86"}, {"CL": "BHP", "Colgate-Palmolive": "BHP Group", "$77.85": ""}]\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: monticello / Shutterstock.com\nAs a candidate for inflation-fighting stocks to buy,Colgate-Palmolive(NYSE:CL) makes sense. The personal care giant carries aforward yield of 2.41%, beating out the consumer staple sector’s average yield of 1.89%. While it’s not the most generous payout, the company also features 60 years of consecutive dividend increases.\nFundamentally, Colgate-Palmolive benefits from inelastic demand. Essentially, people should usually aim to brush their teeth three times a day, along with flossing at least once a day. More than likely, a recession won’t change this regimen. Shouldpeople skip a dental appointment or two, they’ll still be brushing their teeth.\nAccording to analysts, CL rates as aconsensus moderate buy. Among 12 experts, five of them rate CL a buy while the rest say hold. Nevertheless, generally rising exposure amonghedge funds– even though the immediate sentiment may be negative – could be a good sign moving forward.\nSource: Michael Vi / Shutterstock.com\nIf you’re looking for inflation-fighting stocks to buy, you probably can’t go wrong with public utilities. Undergirding the necessary services that modern societies need, these entities enjoy practically permanent demand. Specifically, Southern California’sSempra Energy(NYSE:SRE) may be one of the best ideas for mitigating rising prices.\nFor one thing, Sempra features aforward yield of 2.85%. To be fair, it’s a bit lower than the utility sector’s average yield of 3.75%. However, the company enjoys 18 years of annual consecutive dividend increases. And while its payout ratio isn’t low, at almost 48%, it’s certainly not the highest ratio you’ll see. That’s good for sustainability.\nSecondly, Sempra strongly benefits from geography. Namely, California represents the U.S. economy’s powerhouse, generating a $3.4 trillion GDP. Per theLos Angeles Times, the Golden State might also become theworld’s fourth-largest economy. Whether you like it or not, Sempra is here to stay, making it one of the more compelling inflation-fighting stocks.\nSource: PopTika / Shutterstock\nWhile the above two enterprises enjoy reliable and dependable demand structures, we’re also talking about mitigating rising prices. In other words, inflation-fighting stocks to buy should feature more robust payouts. Fortunately, energy giantPhillips 66(NYSE:PSX) helps deliver such passive income. At time of writing, the company carries aforward yield of 3.77%.\nTo be sure, critics might point out that this payout slips lower than the energy sector’s average yield of 4.24%. As well, the company only has two years of consecutive dividend increases. Still, Phillips 66 deserves consideration as one of the inflation-fighting stocks in part because of its payout ratio. At 31.23%, it’s a low and therefore credible metric.\nFundamentally, Phillips 66 should benefit fromsocial normalization trends, particularly in the workplace. As major corporations put an end to remote work for all five business days of the week,commuting volume will rise. That should be very helpful for PSX, where the underlying firm specializes in the downstream (refining and marketing) component of the energy value chain.\nSource: shutterstock.com/LCV\nAlthoughIBM(NYSE:IBM) plies its trade in the exciting technology sector, Big Blue itself isn’t very interesting. For longer than it probably cares to admit, the company held onto legacy businesses that suffered from fading relevancies. Still, with key strategic shifts and acquisitions, IBM now represents a quiet outperformer. For instance, in the trailing year, shares gained almost 10% of equity value.\nRegarding the topic of inflation-fighting stocks, IBM currently carries aforward yield of 4.52%. This metric ranks well above the technology sector’s average yield of 1.37%. Also, the company enjoys 29 years of consecutive dividend increases. While its payout ratio rings a little warm at 66.1%, it’s not the hottest stat ever.\nPlus, IBM enjoys significant relevancies. Yes, we may be hurtling toward a global recession. But that’s not going to stop tech firms from innovating. Along with its artificial intelligence unit, IBM commands significant relevancies with its enterprise-level cybersecurity services. Therefore, Big Blue will probably make good as one of the inflation-fighting stocks to buy.\nSource: defotoberg / Shutterstock.com\nWithPhilip Morris(NYSE:PM), this company represents an example of not shooting the messenger. Understandably, some folks may take issue with the company as it makes up the ranks of global big tobacco. At the same time, I write for a broad audience. Therefore, it’s not my right to presume the sensibilities of everyone.\xa0Even those who may have hesitancies with PM will find it difficult to ignore the passive income. Currently, Philip Morris features aforward yield of 5%. Again, the consumer staple sector’s average yield sits at 1.89%. As well, PM enjoys 14 years of dividend increases, a trend I’m sure management will want to sustain.\nRegarding the fundamentals, globally,smoking prevalence declined, which doesn’t seem to support Philip Morris. However, many people still do enjoy their adult liberties and they’re choosing e-cigarettes or vaporizers. Philip Morrisinvested in this relatively new platform, making it an intriguing (though controversial) idea among inflation-fighting stocks.\nSource: Shutterstock\nTo be fully transparent, if you want a more conservative approach with your inflation-fighting stocks, you should consider some of the names above. WithVerizon(NYSE:VZ), the narrative admittedly becomes incredibly tricky. For one thing, you’re looking at a rather steep market loss, shedding almost 22% in the trailing year.\nFrom another angle, the company arguably deserves the fallout. In large part due toVerizon’s aggressive marketing initiatives in 2021, the volatility of the following year hurt VZ stock. As a result, Verizon encountered analyst criticism and pessimism.\nThough distracting, it’s also fair to point out that investors hard hit with rising prices might give the telecom giant another look. That’s because Verizon offers aforward yield of 6.24%. Notably, the communication sector’s average yield sits at a comparatively low 2.62%. Moreover, Verizon enjoys 18 years of consecutive dividend increases.\xa0On a final note, the company currently enjoys amoderate buy consensus view. Therefore, if you want to take a shot, you won’t be the only one.\nSource: T. Schneider / Shutterstock\nIf you really want to take your inflation-fighting stocks to the next level, then you may want to consider metals and mining firmBHP(NYSE:BHP). For starters, the Australian stalwart represented one of the few winners of 2022. And in the trailing year, BHP gained nearly 17% of equity value. Indeed, near-term sentiment rates strongly, with shares soaring almost 41% in the past half-year period.\nFundamentally, geopolitical flashpoints crimped global supplies of critical resources. Therefore, western-friendly countries such as Australia will play a more vital role in international commerce. Specific to BHP, the company spec
**Last 60 Days of Bitcoin's Closing Prices:**
[16697.78, 16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-17
**Financial & Commodity Data:**
- Gold Closing Price: $1907.20
- Crude Oil Closing Price: $80.18
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $410,247,642,625
- Hash Rate: 291506527.527517
- Transaction Count: 308715.0
- Unique Addresses: 680259.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Core Scientific, one of the largest publicly traded crypto mining firms in the U.S. listed on Nasdaq as $CORZ, filed for Chapter 11 bankruptcy protection in the state of Texas on Wednesday morning, according to CNBC. See related article: Will Bitcoins true value prevail in 2023? Fast facts Core Scientific is still generating positive cash flow, but it is insufficient to repay the financing debt for equipment leasing, an unnamed person familiar with the companys finances told CNBC . Instead of liquidating, the company will continue regular mining operations while trying to reach a deal with senior security noteholders, who hold most of the firms debt, according to the anonymous source. Core Scientific specializes in mining proof-of-work cryptocurrencies, mainly Bitcoin, which requires costly equipment and an abundant, consistent energy source. The company owns approximately 5% of Bitcoins global hash rate, according to data from Hashrate Index . Bitcoin, the worlds largest cryptocurrency, is currently down around 75% from its all-time high of US$69 in November 2021, trading at US$16,881 at 6:45 p.m. in Hong Kong. The loss in Bitcoins value and higher energy prices have narrowed profit margins of BTC miners worldwide. See related article: Bitcoin mining difficulty drops more than 7% as cash crunch hits miners View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Photo Illustration by Luis G. Rendon/The Daily Beast/Getty In the summer of 2021, conservatives aggrieved over Big Tech censorship saw a new smartphone as their savior. Dubbed the “ Freedom Phone ,” the $500 device was the creation of Bitcoin mogul Erik Finman , who promised customers a phone loaded with conservative apps and free from liberal Silicon Valley influence. Conservative influencers encouraged their fans to buy the phone, receiving a sizable cut of each sale for themselves. Even after The Daily Beast and other media outlets revealed that the Freedom Phone was just a cheap Chinese-made phone sold at a hefty markup, it was a hit, quickly selling roughly $4 million worth, according to court records. “I’m holding a freaking phone that is not controlled by Apple or Google,” conservative personality Candace Owens said in an Instagram video. “We made the switch immediately.” Two years later, though, Freedom Phone’s business is falling apart amid customer complaints. In a bitter, previously unreported legal battle that began in April 2022, the men behind Freedom Phone’s backers have accused one another of blowing their windfall profits—in one case, in a $10,000 shopping spree for video games. Finman has even sued to keep his face and name from ever being associated with Freedom Phone in the future. True Crime Fans Livid Their Fave Podcast Hosts Are MAGA Loyalists In Freedom Phone’s first days, it seemed like Finman, the self-proclaimed “youngest Bitcoin millionaire,” might have the tech and marketing prowess to pull off the creation of an entirely new smartphone. His promotional video for the phone quickly went viral on the right in July 2021, with Finman promising a phone loaded with apps for conservative outlets like Newsmax and One America News. “Imagine if Mark Zuckerberg censored MLK or Abraham Lincoln,” Finman said in the promotional video. The video was a hit, but Freedom Phone’s promotional materials were curiously devoid of technical details. In reality, it was a rebranding of a Chinese phone that was available online for $120—substantially less than the Freedom Phone’s $500 price tag. Story continues Still, buoyed by endorsements from conservative influencers like Owens, former Donald Trump adviser Roger Stone, and Twitter pundit Ian Miles Cheong, Freedom Phone orders flooded in. Finman quickly sold at least 8,000 units, according to court records, raising somewhere between $3.5 and $4 million. But payment processors handling the orders refused to hand the money over to Finman, apparently concerned that the phone was a scam. With millions of dollars held in limbo and angry customers waiting for their phones, Finman cut a deal with ClearCellular, a Utah-based company that had made its own phone before. Finman sold the Freedom Phone branding and its parent company, Finman LLC, to ClearCellular. While the sales contract has been sealed in the ensuing court battle, it included a $300,000 one-time payment to Finman, an annual $240,000 salary for the Freedom Phone founder as its chief marketing officer, and a $75 payment for each phone sold, according to court filings. Finman and ClearCelullar founder Michael Proper had met a year earlier, at a presidential fundraiser for failed candidate and former child star Brock Pierce . In a September 2021 interview with The New York Times , Finman compared himself to basketball legend Michael Jordan and Proper to Nike founder Phil Knight. Together, Finman said, they would create a cultural and business phenomenon on the scale of Nike’s Air Jordans. But while Michael Jordan has earned more than $1 billion since launching Air Jordan with Nike, Finman’s partnership with Proper soon proved to be less successful. In March 2022, Finman resigned from his chief marketing officer position. A month later, he sued Proper and ClearCellular over a host of claims, including defamation and unpaid wages. “Mr. Proper’s conduct was anything but proper,” Finman’s lawyers wrote in their complaint. Proper and an attorney representing Finman declined to comment. Owens didn’t respond to an email seeking comment. Testifying in court in August 2022 about the initial deal, Proper said he thought he was rescuing Finman from his failure to actually deliver the phones. In his retelling, Finman was a great marketer, but stood little chance of fulfilling the thousands of outstanding orders on his own. “They had a lot of negative reviews about people calling Erik’s bluff,” Proper said in court. “This guy did not create a phone. This guy does not understand the industry.” What Comes Next for the ‘Diamond and Silk’ Media Empire? Proper later claimed he was also concerned that influencers like Owens would be embarrassed if Finman failed to ship enough working phones. “We wanted to help Candace Owens not get hurt,” Proper said in court. In his testimony, Proper complained that Finman failed to deliver on a supposed promise to introduce Proper to Owens. The relationship between Finman and Proper quickly soured. In Finman’s telling, ClearCellular blew through deadlines, promising to mail the phones by September 2021 but not shipping them until February 2022. Some of the Freedom Phones didn’t work when they arrived, Finman claimed, with customers calling them “paperweights.” Aggravating tensions between the two men, a notice appeared on another website operated by Proper encouraging angry Freedom Phone customers to launch a class-action consumer fraud lawsuit against Finman. The two also clashed over the millions of dollars left in Freedom Phone’s accounts. Finman claims that he had to dip into his own finances to pay Freedom Phone MAGA influencer endorsers, and to fund some of the orders himself. ClearCellular took months to take control of the money, according to Finman, in what he interpreted as an effort to avoid taking over the responsibility of fulfilling the orders. When $400,000 of the money was unfrozen, Finman alleged in a lawsuit, Proper blew $10,000 in a “shopping spree” at Costco buying video games and other electronics. For his part, Proper alleged in court papers that Finman took $500,000 from Freedom Phone’s accounts. Asked at one point to hand over the accounts, according to Proper, Finman instead responded only with a spreadsheet he had made himself to explain where the money had gone. Catch Up on FEVER DREAMS, a New Daily Beast Podcast Tracking the Right’s Push to Retake Power “Ultimately, as we helped him, he ran off with the money,” Proper said in his August 2022 testimony, wondering aloud why Finman wasn’t facing criminal charges. Along with Owens, the ongoing court battle has touched on other conservative figures, including former Trump White House Steve Bannon. After leaving ClearCellular, Finman claims Bannon hired him to work on a cryptocurrency project. During cross-examination in August 2022, Proper’s lawyer asked Finman if that new job with Bannon proved that Finman’s reputation hadn’t been destroyed. Finman shot back that working with Bannon, who was then awaiting sentencing for what would become a four-month prison sentence for contempt of Congress, didn’t prove that his career had survived Freedom Phone. “I feel like my reputation is not necessarily proven to be superb if that is a business partner,” Finman said, noting that Bannon is “awaiting sentencing to go to prison.” Much of the legal fight so far has focused on whether ClearCellular, operating as Freedom Phone, has the right to use Finman’s viral video promoting the phone. While a judge eventually ruled that Proper could use the video, the company took it down anyway, costing what Proper claims amounted to thousands of dollars in monthly sales generated by the video. In court, Finman reflected on how Freedom Phone’s collapse hurt its customers, who had each spent $500 on the idea that the supposed tech wunderkind could give them a phone for conservatives free from the Silicon Valley giants. Instead, Finman said, the Freedom Phone debacle “soils” his reputation. “A lot of these are elderly customers,” Finman testified in August. “I mean, it’s horrible. It’s heartbreaking.” Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get the Daily Beast's biggest scoops and scandals delivered right to your inbox. Sign up now. Stay informed and gain unlimited access to the Daily Beast's unmatched reporting. Subscribe now.", "Photo Illustration by Luis G. Rendon/The Daily Beast/Getty In the summer of 2021, conservatives aggrieved over Big Tech censorship saw a new smartphone as their savior. Dubbed the “ Freedom Phone ,” the $500 device was the creation of Bitcoin mogul Erik Finman , who promised customers a phone loaded with conservative apps and free from liberal Silicon Valley influence. Conservative influencers encouraged their fans to buy the phone, receiving a sizable cut of each sale for themselves. Even after The Daily Beast and other media outlets revealed that the Freedom Phone was just a cheap Chinese-made phone sold at a hefty markup, it was a hit, quickly selling roughly $4 million worth, according to court records. “I’m holding a freaking phone that is not controlled by Apple or Google,” conservative personality Candace Owens said in an Instagram video. “We made the switch immediately.” Two years later, though, Freedom Phone’s business is falling apart amid customer complaints. In a bitter, previously unreported legal battle that began in April 2022, the men behind Freedom Phone’s backers have accused one another of blowing their windfall profits—in one case, in a $10,000 shopping spree for video games. Finman has even sued to keep his face and name from ever being associated with Freedom Phone in the future. True Crime Fans Livid Their Fave Podcast Hosts Are MAGA Loyalists In Freedom Phone’s first days, it seemed like Finman, the self-proclaimed “youngest Bitcoin millionaire,” might have the tech and marketing prowess to pull off the creation of an entirely new smartphone. His promotional video for the phone quickly went viral on the right in July 2021, with Finman promising a phone loaded with apps for conservative outlets like Newsmax and One America News. “Imagine if Mark Zuckerberg censored MLK or Abraham Lincoln,” Finman said in the promotional video. The video was a hit, but Freedom Phone’s promotional materials were curiously devoid of technical details. In reality, it was a rebranding of a Chinese phone that was available online for $120—substantially less than the Freedom Phone’s $500 price tag. Story continues Still, buoyed by endorsements from conservative influencers like Owens, former Donald Trump adviser Roger Stone, and Twitter pundit Ian Miles Cheong, Freedom Phone orders flooded in. Finman quickly sold at least 8,000 units, according to court records, raising somewhere between $3.5 and $4 million. But payment processors handling the orders refused to hand the money over to Finman, apparently concerned that the phone was a scam. With millions of dollars held in limbo and angry customers waiting for their phones, Finman cut a deal with ClearCellular, a Utah-based company that had made its own phone before. Finman sold the Freedom Phone branding and its parent company, Finman LLC, to ClearCellular. While the sales contract has been sealed in the ensuing court battle, it included a $300,000 one-time payment to Finman, an annual $240,000 salary for the Freedom Phone founder as its chief marketing officer, and a $75 payment for each phone sold, according to court filings. Finman and ClearCelullar founder Michael Proper had met a year earlier, at a presidential fundraiser for failed candidate and former child star Brock Pierce . In a September 2021 interview with The New York Times , Finman compared himself to basketball legend Michael Jordan and Proper to Nike founder Phil Knight. Together, Finman said, they would create a cultural and business phenomenon on the scale of Nike’s Air Jordans. But while Michael Jordan has earned more than $1 billion since launching Air Jordan with Nike, Finman’s partnership with Proper soon proved to be less successful. In March 2022, Finman resigned from his chief marketing officer position. A month later, he sued Proper and ClearCellular over a host of claims, including defamation and unpaid wages. “Mr. Proper’s conduct was anything but proper,” Finman’s lawyers wrote in their complaint. Proper and an attorney representing Finman declined to comment. Owens didn’t respond to an email seeking comment. Testifying in court in August 2022 about the initial deal, Proper said he thought he was rescuing Finman from his failure to actually deliver the phones. In his retelling, Finman was a great marketer, but stood little chance of fulfilling the thousands of outstanding orders on his own. “They had a lot of negative reviews about people calling Erik’s bluff,” Proper said in court. “This guy did not create a phone. This guy does not understand the industry.” What Comes Next for the ‘Diamond and Silk’ Media Empire? Proper later claimed he was also concerned that influencers like Owens would be embarrassed if Finman failed to ship enough working phones. “We wanted to help Candace Owens not get hurt,” Proper said in court. In his testimony, Proper complained that Finman failed to deliver on a supposed promise to introduce Proper to Owens. The relationship between Finman and Proper quickly soured. In Finman’s telling, ClearCellular blew through deadlines, promising to mail the phones by September 2021 but not shipping them until February 2022. Some of the Freedom Phones didn’t work when they arrived, Finman claimed, with customers calling them “paperweights.” Aggravating tensions between the two men, a notice appeared on another website operated by Proper encouraging angry Freedom Phone customers to launch a class-action consumer fraud lawsuit against Finman. The two also clashed over the millions of dollars left in Freedom Phone’s accounts. Finman claims that he had to dip into his own finances to pay Freedom Phone MAGA influencer endorsers, and to fund some of the orders himself. ClearCellular took months to take control of the money, according to Finman, in what he interpreted as an effort to avoid taking over the responsibility of fulfilling the orders. When $400,000 of the money was unfrozen, Finman alleged in a lawsuit, Proper blew $10,000 in a “shopping spree” at Costco buying video games and other electronics. For his part, Proper alleged in court papers that Finman took $500,000 from Freedom Phone’s accounts. Asked at one point to hand over the accounts, according to Proper, Finman instead responded only with a spreadsheet he had made himself to explain where the money had gone. Catch Up on FEVER DREAMS, a New Daily Beast Podcast Tracking the Right’s Push to Retake Power “Ultimately, as we helped him, he ran off with the money,” Proper said in his August 2022 testimony, wondering aloud why Finman wasn’t facing criminal charges. Along with Owens, the ongoing court battle has touched on other conservative figures, including former Trump White House Steve Bannon. After leaving ClearCellular, Finman claims Bannon hired him to work on a cryptocurrency project. During cross-examination in August 2022, Proper’s lawyer asked Finman if that new job with Bannon proved that Finman’s reputation hadn’t been destroyed. Finman shot back that working with Bannon, who was then awaiting sentencing for what would become a four-month prison sentence for contempt of Congress, didn’t prove that his career had survived Freedom Phone. “I feel like my reputation is not necessarily proven to be superb if that is a business partner,” Finman said, noting that Bannon is “awaiting sentencing to go to prison.” Much of the legal fight so far has focused on whether ClearCellular, operating as Freedom Phone, has the right to use Finman’s viral video promoting the phone. While a judge eventually ruled that Proper could use the video, the company took it down anyway, costing what Proper claims amounted to thousands of dollars in monthly sales generated by the video. In court, Finman reflected on how Freedom Phone’s collapse hurt its customers, who had each spent $500 on the idea that the supposed tech wunderkind could give them a phone for conservatives free from the Silicon Valley giants. Instead, Finman said, the Freedom Phone debacle “soils” his reputation. “A lot of these are elderly customers,” Finman testified in August. “I mean, it’s horrible. It’s heartbreaking.” Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get the Daily Beast's biggest scoops and scandals delivered right to your inbox. Sign up now. Stay informed and gain unlimited access to the Daily Beast's unmatched reporting. Subscribe now.", 'Good morning. Here’s what’s happening:\nPrices:Bitcoin traded above $21,000 for a fourth consecutive day.\nInsights:Why are tokens for metaverse majors rallying when the platforms are struggling to keep users engaged?\nCoinDesk Market Index (CMI)\n1,017.20\n+8.4▲0.8%\nBitcoin (BTC)\n$21,215\n+250.5▲1.2%\nEthereum (ETH)\n$1,573\n+23.8▲1.5%\nS&P 500 daily close\n3,990.97\n−8.1▼0.2%\nGold\n$1,910\n−2.7▼0.1%\nTreasury Yield 10 Years\n3.54%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin, Other Cryptos Trade Sideways\nBy James Rubin\nFor a fourth consecutive day, bitcoin liked the air above $21,000.\nThe largest cryptocurrency by market capitalization was recently trading at $21,215, up 1.2% over the past 24 hours but a marked improvement from its levels little more than a week ago. BTC\'s roughly 25% surge over the past seven days has come amid rising investor confidence that inflation is waning and the economy will land softly.\nEther was recently changing hands at 1,573, a 1.5% gain from Monday, the same time. ETH is up 20% during the past seven days. Other major cryptos were largely in the green with popular meme coin shiba inu recently jumping more than 12% and DOT, the token of the smart contract platform Polkadot, rising more than 4%. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently increased 0.97%.\n"The fact that we are now flirting with $21,500 is amazing," JJ Kinahan, CEO of trading provider IG North America, told CoinDesk TV\'s "First Mover" program. "It correlates a little bit to the equity markets now, in that we\'re starting to see people put out a little more risk. Volatility has come off there."\nKinahan added: "We\'re going to get up to about the $22,500 level, before you really start to see resistance."\nA day after the long, U.S. holiday weekend, equity markets were mixed with the tech heavy Nasdaq up ever so slightly, but the Dow Jones Industrial Average and S&P 500 sinking, as investors weighed fourth-quarter declines in profits at financial service giants Goldman Sachs and Morgan Stanley, which are among the first companies to report earnings.\nAnd Silvergate Capital (SI)offereda harsh reminder that digital asset markets remain buried in a severe bear market. The crypto bankreporteda net loss of $1 billion for the fourth quarter on Tuesday, compared to a net income of $40.6 million for the third quarter and net income of $18 million for the same period a year earlier.\nIn a note, Arcane Research, which provides crypto research and analysis,calledcryptos\' last week "remarkably strong and lively," but added warily that "short-term, the momentum seems overextended."\nArcane noted: "Last week saw seven consistent days of green returns for the first time since March 2022, and the RSI momentum indicator has pushed toward extreme highs. The recent surge has predominantly been fueled by a short squeeze led by consistent aggressive shorting. BTC’s push above $20,000 has been followed by a stabilizing open interest, suggesting that short traders have grown cautious, which may lead prices to stabilize in the short term."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+12.5%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+10.8%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nThe Unlikely Rally of Metaverse Majors\nBy Sam Reynolds\nAmong the highlights of the latest crypto rally, in whichbitcoin has topped $21,000, has been the performance of the metaverse majors: Decentraland’s MANA, Sandbox’s SAND and Axie Infinity’s AXS.\nDuring the last month, Decentraland’s MANA has gained over 100%, Sandbox’s SAND over 50% and Axie’s AXS around 35%.\nThese three tokens have all outperformed bitcoin, which has only experienced a roughly 26% gain in the last month,according to CoinGecko.\nBut have there been any underlying changes to the user base of these metaverse platforms, specifically, the number of active unique wallets – engaged users that would be generating value – on each of these?\nThe answer is, not really.\nDappRadar’s figuresshow that the number of unique active wallets has fallen 3% during the last 30 days. The number of transactions has risen, however, 6%.\nTo be sure, DappRadar’s Decentraland numbersare controversial. While it\'s debatable whether DappRadar’smeasurement of unique active wallets(UAW) can accurately capture the number of users within Decentraland, it does, by virtue of tracking wallets, capture those that are transacting. These transacting users would be the ones generating value and having a material impact on the token price.\nThe overall number of Decentraland users would be larger,as CoinDesk recently documented, but this includes those that don’t transact and interact with the blockchain, like someone that passively watched a concert on Decentraland.\nWhat’s causing the Sandbox (SAND) rally?\nFor The Sandbox, DappRadar is reporting an even steeper decline: UAWs are down 22% and transactions are down 54%.\nOn OpenSea,sales of the Sandbox’s NFTsare down 17% during the last month.\nMeanwhile, SAND is up over 50%.\nThe correlation between the platform’s ability to monetize its active user base and the token value has become totally disconnected.\nAxie Infinity (AXS) wild swings\nJust like the other platforms, Axie Infinity’s user count doesn’t reflect the rocketship-like value in its token price.\nDespite AXS gaining nearly 35% during the last month,DappRadar reportsthat its count of unique active wallets is down almost 6%.\nThe fiat equivalent balance in AXS smart contracts is up, like it is in all of the metaverse majors, simply because of a general uptick in token prices.\nWhat about the derivatives market?\nAs CoinDesk has previously reported, traders are beginning to be skeptical about this price rally that’s seemingly disconnected from the fundamentals of the platforms.\nFunding rates are a measure of the cost of holding positions, either bearish or bullish, in the perpetual futures market. A negative rate indicates shorts are paying longs to keep their positions open.\nAXS’ open interest funding rates have flipped negative, implying that traders are shorting the rally.\nCoinglass datashows similar trends occurring for Decentraland’s MANA, with funding rates hitting negative on some of the major exchanges.Sandbox’s SANDseems to be the exception, with rates remaining positive for now.\nWorld Economic Forum\nBank of Japan interest rate decision and policy statement\n9:30 p.m. HKT/SGT(1:30 p.m. UTC):Producer price index (Dec. MoM/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDavos 2023: IBM\'s Latest Push Into Web3 and Blockchain; Bank of America Says CBDCs Are the Future of Money\nCoinDesk TV was live at the World Economic Forum in Davos, Switzerland. Topics included Bank of America\'s new report on central bank digital currencies (CBDC), the European Union postponing the MiCA vote until April and crypto\'s tax implications. IBM Consulting Executive Partner Shyam Nagarajan, Deloitte Tax LLP Partner Rob Massey, TRM Labs Senior Policy Advisor Isabella Chase, and Marta Belcher of the Filecoin Foundation joined the conversation.\nCongress\' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange\'s Bosses:The session began with 196 U.S. lawmakers who took direct contributions from Sam Bankman-Fried and other former FTX executives, and many of them are still trying to get rid of it.\nCrypto Developers Grew in Numbers Amid Bear Market, VC Firm Electric Capital Says:Developers are focusing on alternative ecosystems to Bitcoin and Ethereum, helping them grow faster, the VC firm said in a report.\nSolana Foundation, Ripple, GBBC and Others Form Partnership to Promote Crypto Solutions for Climate Change:Climate solutions "makes the most sense" for real-world applications of blockchain, a co-founder of the initiative told CoinDesk.\nBank of America Says CBDCs Are the Future of Money and Payments:Central bank digital currencies have the potential to revolutionize global financial systems, a report from the bank said.\nHashKey Capital Raises $500M for 3rd Crypto Fund:The firm will back blockchain projects that could achieve mass adoption.', 'Good morning. Here’s what’s happening: Prices: Bitcoin traded above $21,000 for a fourth consecutive day. Insights: Why are tokens for metaverse majors rallying when the platforms are struggling to keep users engaged? Prices CoinDesk Market Index (CMI) 1,017.20 +8.4 ▲ 0.8% Bitcoin (BTC) $21,215 +250.5 ▲ 1.2% Ethereum (ETH) $1,573 +23.8 ▲ 1.5% S&P 500 daily close 3,990.97 −8.1 ▼ 0.2% Gold $1,910 −2.7 ▼ 0.1% Treasury Yield 10 Years 3.54% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin, Other Cryptos Trade Sideways By James Rubin For a fourth consecutive day, bitcoin liked the air above $21,000. The largest cryptocurrency by market capitalization was recently trading at $21,215, up 1.2% over the past 24 hours but a marked improvement from its levels little more than a week ago. BTC\'s roughly 25% surge over the past seven days has come amid rising investor confidence that inflation is waning and the economy will land softly. Ether was recently changing hands at 1,573, a 1.5% gain from Monday, the same time. ETH is up 20% during the past seven days. Other major cryptos were largely in the green with popular meme coin shiba inu recently jumping more than 12% and DOT, the token of the smart contract platform Polkadot, rising more than 4%. The CoinDesk Market Index (CDI), an index measuring cryptos\' performance, recently increased 0.97%. "The fact that we are now flirting with $21,500 is amazing," JJ Kinahan, CEO of trading provider IG North America, told CoinDesk TV\'s "First Mover" program. "It correlates a little bit to the equity markets now, in that we\'re starting to see people put out a little more risk. Volatility has come off there." Kinahan added: "We\'re going to get up to about the $22,500 level, before you really start to see resistance." A day after the long, U.S. holiday weekend, equity markets were mixed with the tech heavy Nasdaq up ever so slightly, but the Dow Jones Industrial Average and S&P 500 sinking, as investors weighed fourth-quarter declines in profits at financial service giants Goldman Sachs and Morgan Stanley, which are among the first companies to report earnings. Story continues And Silvergate Capital (SI) offered a harsh reminder that digital asset markets remain buried in a severe bear market. The crypto bank reported a net loss of $1 billion for the fourth quarter on Tuesday, compared to a net income of $40.6 million for the third quarter and net income of $18 million for the same period a year earlier. In a note, Arcane Research, which provides crypto research and analysis, called cryptos\' last week "remarkably strong and lively," but added warily that "short-term, the momentum seems overextended." Arcane noted: "Last week saw seven consistent days of green returns for the first time since March 2022, and the RSI momentum indicator has pushed toward extreme highs. The recent surge has predominantly been fueled by a short squeeze led by consistent aggressive shorting. BTC’s push above $20,000 has been followed by a stabilizing open interest, suggesting that short traders have grown cautious, which may lead prices to stabilize in the short term." Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +12.5% Currency Gala GALA +10.8% Entertainment Polkadot DOT +4.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −0.8% Smart Contract Platform Solana SOL −0.5% Smart Contract Platform Insights The Unlikely Rally of Metaverse Majors By Sam Reynolds Among the highlights of the latest crypto rally, in which bitcoin has topped $21,000 , has been the performance of the metaverse majors: Decentraland’s MANA, Sandbox’s SAND and Axie Infinity’s AXS. (TradingView) During the last month, Decentraland’s MANA has gained over 100%, Sandbox’s SAND over 50% and Axie’s AXS around 35%. These three tokens have all outperformed bitcoin, which has only experienced a roughly 26% gain in the last month, according to CoinGecko . But have there been any underlying changes to the user base of these metaverse platforms, specifically, the number of active unique wallets – engaged users that would be generating value – on each of these? The answer is, not really. (DappRadar) DappRadar’s figures show that the number of unique active wallets has fallen 3% during the last 30 days. The number of transactions has risen, however, 6%. To be sure, DappRadar’s Decentraland numbers are controversial . While it\'s debatable whether DappRadar’s measurement of unique active wallets (UAW) can accurately capture the number of users within Decentraland, it does, by virtue of tracking wallets, capture those that are transacting. These transacting users would be the ones generating value and having a material impact on the token price. The overall number of Decentraland users would be larger, as CoinDesk recently documented , but this includes those that don’t transact and interact with the blockchain, like someone that passively watched a concert on Decentraland. What’s causing the Sandbox (SAND) rally? (DappRadar) For The Sandbox, DappRadar is reporting an even steeper decline: UAWs are down 22% and transactions are down 54%. On OpenSea, sales of the Sandbox’s NFTs are down 17% during the last month. Meanwhile, SAND is up over 50%. The correlation between the platform’s ability to monetize its active user base and the token value has become totally disconnected. Axie Infinity (AXS) wild swings (DappRadar) Just like the other platforms, Axie Infinity’s user count doesn’t reflect the rocketship-like value in its token price. Despite AXS gaining nearly 35% during the last month, DappRadar reports that its count of unique active wallets is down almost 6%. The fiat equivalent balance in AXS smart contracts is up, like it is in all of the metaverse majors, simply because of a general uptick in token prices. What about the derivatives market? As CoinDesk has previously reported , traders are beginning to be skeptical about this price rally that’s seemingly disconnected from the fundamentals of the platforms. Funding rates are a measure of the cost of holding positions, either bearish or bullish, in the perpetual futures market. A negative rate indicates shorts are paying longs to keep their positions open. AXS’ open interest funding rates have flipped negative, implying that traders are shorting the rally. Coinglass data shows similar trends occurring for Decentraland’s MANA, with funding rates hitting negative on some of the major exchanges. Sandbox’s SAND seems to be the exception, with rates remaining positive for now. Important events World Economic Forum Bank of Japan interest rate decision and policy statement 9:30 p.m. HKT/SGT(1:30 p.m. UTC): Producer price index (Dec. MoM/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Davos 2023: IBM\'s Latest Push Into Web3 and Blockchain; Bank of America Says CBDCs Are the Future of Money CoinDesk TV was live at the World Economic Forum in Davos, Switzerland. Topics included Bank of America\'s new report on central bank digital currencies (CBDC), the European Union postponing the MiCA vote until April and crypto\'s tax implications. IBM Consulting Executive Partner Shyam Nagarajan, Deloitte Tax LLP Partner Rob Massey, TRM Labs Senior Policy Advisor Isabella Chase, and Marta Belcher of the Filecoin Foundation joined the conversation. Headlines Congress\' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange\'s Bosses: The session began with 196 U.S. lawmakers who took direct contributions from Sam Bankman-Fried and other former FTX executives, and many of them are still trying to get rid of it. Crypto Developers Grew in Numbers Amid Bear Market, VC Firm Electric Capital Says: Developers are focusing on alternative ecosystems to Bitcoin and Ethereum, helping them grow faster, the VC firm said in a report. Solana Foundation, Ripple, GBBC and Others Form Partnership to Promote Crypto Solutions for Climate Change: Climate solutions "makes the most sense" for real-world applications of blockchain, a co-founder of the initiative told CoinDesk. Bank of America Says CBDCs Are the Future of Money and Payments: Central bank digital currencies have the potential to revolutionize global financial systems, a report from the bank said. HashKey Capital Raises $500M for 3rd Crypto Fund: The firm will back blockchain projects that could achieve mass adoption.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin traded above $21,000 for a fourth consecutive day.\nInsights:Why are tokens for metaverse majors rallying when the platforms are struggling to keep users engaged?\nCoinDesk Market Index (CMI)\n1,017.20\n+8.4▲0.8%\nBitcoin (BTC)\n$21,215\n+250.5▲1.2%\nEthereum (ETH)\n$1,573\n+23.8▲1.5%\nS&P 500 daily close\n3,990.97\n−8.1▼0.2%\nGold\n$1,910\n−2.7▼0.1%\nTreasury Yield 10 Years\n3.54%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin, Other Cryptos Trade Sideways\nBy James Rubin\nFor a fourth consecutive day, bitcoin liked the air above $21,000.\nThe largest cryptocurrency by market capitalization was recently trading at $21,215, up 1.2% over the past 24 hours but a marked improvement from its levels little more than a week ago. BTC\'s roughly 25% surge over the past seven days has come amid rising investor confidence that inflation is waning and the economy will land softly.\nEther was recently changing hands at 1,573, a 1.5% gain from Monday, the same time. ETH is up 20% during the past seven days. Other major cryptos were largely in the green with popular meme coin shiba inu recently jumping more than 12% and DOT, the token of the smart contract platform Polkadot, rising more than 4%. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently increased 0.97%.\n"The fact that we are now flirting with $21,500 is amazing," JJ Kinahan, CEO of trading provider IG North America, told CoinDesk TV\'s "First Mover" program. "It correlates a little bit to the equity markets now, in that we\'re starting to see people put out a little more risk. Volatility has come off there."\nKinahan added: "We\'re going to get up to about the $22,500 level, before you really start to see resistance."\nA day after the long, U.S. holiday weekend, equity markets were mixed with the tech heavy Nasdaq up ever so slightly, but the Dow Jones Industrial Average and S&P 500 sinking, as investors weighed fourth-quarter declines in profits at financial service giants Goldman Sachs and Morgan Stanley, which are among the first companies to report earnings.\nAnd Silvergate Capital (SI)offereda harsh reminder that digital asset markets remain buried in a severe bear market. The crypto bankreporteda net loss of $1 billion for the fourth quarter on Tuesday, compared to a net income of $40.6 million for the third quarter and net income of $18 million for the same period a year earlier.\nIn a note, Arcane Research, which provides crypto research and analysis,calledcryptos\' last week "remarkably strong and lively," but added warily that "short-term, the momentum seems overextended."\nArcane noted: "Last week saw seven consistent days of green returns for the first time since March 2022, and the RSI momentum indicator has pushed toward extreme highs. The recent surge has predominantly been fueled by a short squeeze led by consistent aggressive shorting. BTC’s push above $20,000 has been followed by a stabilizing open interest, suggesting that short traders have grown cautious, which may lead prices to stabilize in the short term."\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+12.5%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+10.8%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+4.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.5%", "DACS Sector": "Smart Contract Platform"}]\nThe Unlikely Rally of Metaverse Majors\nBy Sam Reynolds\nAmong the highlights of the latest crypto rally, in whichbitcoin has topped $21,000, has been the performance of the metaverse majors: Decentraland’s MANA, Sandbox’s SAND and Axie Infinity’s AXS.\nDuring the last month, Decentraland’s MANA has gained over 100%, Sandbox’s SAND over 50% and Axie’s AXS around 35%.\nThese three tokens have all outperformed bitcoin, which has only experienced a roughly 26% gain in the last month,according to CoinGecko.\nBut have there been any underlying changes to the user base of these metaverse platforms, specifically, the number of active unique wallets – engaged users that would be generating value – on each of these?\nThe answer is, not really.\nDappRadar’s figuresshow that the number of unique active wallets has fallen 3% during the last 30 days. The number of transactions has risen, however, 6%.\nTo be sure, DappRadar’s Decentraland numbersare controversial. While it\'s debatable whether DappRadar’smeasurement of unique active wallets(UAW) can accurately capture the number of users within Decentraland, it does, by virtue of tracking wallets, capture those that are transacting. These transacting users would be the ones generating value and having a material impact on the token price.\nThe overall number of Decentraland users would be larger,as CoinDesk recently documented, but this includes those that don’t transact and interact with the blockchain, like someone that passively watched a concert on Decentraland.\nWhat’s causing the Sandbox (SAND) rally?\nFor The Sandbox, DappRadar is reporting an even steeper decline: UAWs are down 22% and transactions are down 54%.\nOn OpenSea,sales of the Sandbox’s NFTsare down 17% during the last month.\nMeanwhile, SAND is up over 50%.\nThe correlation between the platform’s ability to monetize its active user base and the token value has become totally disconnected.\nAxie Infinity (AXS) wild swings\nJust like the other platforms, Axie Infinity’s user count doesn’t reflect the rocketship-like value in its token price.\nDespite AXS gaining nearly 35% during the last month,DappRadar reportsthat its count of unique active wallets is down almost 6%.\nThe fiat equivalent balance in AXS smart contracts is up, like it is in all of the metaverse majors, simply because of a general uptick in token prices.\nWhat about the derivatives market?\nAs CoinDesk has previously reported, traders are beginning to be skeptical about this price rally that’s seemingly disconnected from the fundamentals of the platforms.\nFunding rates are a measure of the cost of holding positions, either bearish or bullish, in the perpetual futures market. A negative rate indicates shorts are paying longs to keep their positions open.\nAXS’ open interest funding rates have flipped negative, implying that traders are shorting the rally.\nCoinglass datashows similar trends occurring for Decentraland’s MANA, with funding rates hitting negative on some of the major exchanges.Sandbox’s SANDseems to be the exception, with rates remaining positive for now.\nWorld Economic Forum\nBank of Japan interest rate decision and policy statement\n9:30 p.m. HKT/SGT(1:30 p.m. UTC):Producer price index (Dec. MoM/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDavos 2023: IBM\'s Latest Push Into Web3 and Blockchain; Bank of America Says CBDCs Are the Future of Money\nCoinDesk TV was live at the World Economic Forum in Davos, Switzerland. Topics included Bank of America\'s new report on central bank digital currencies (CBDC), the European Union postponing the MiCA vote until April and crypto\'s tax implications. IBM Consulting Executive Partner Shyam Nagarajan, Deloitte Tax LLP Partner Rob Massey, TRM Labs Senior Policy Advisor Isabella Chase, and Marta Belcher of the Filecoin Foundation joined the conversation.\nCongress\' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange\'s Bosses:The session began with 196 U.S. lawmakers who took direct contributions from Sam Bankman-Fried and other former FTX executives, and many of them are still trying to get rid of it.\nCrypto Developers Grew in Numbers Amid Bear Market, VC Firm Electric Capital Says:Developers are focusing on alternative ecosystems to Bitcoin and Ethereum, helping them grow faster, the VC firm said in a report.\nSolana Foundation, Ripple, GBBC and Others Form Partnership to Promote Crypto Solutions for Climate Change:Climate solutions "makes the most sense" for real-world applications of blockchain, a co-founder of the initiative told CoinDesk.\nBank of America Says CBDCs Are the Future of Money and Payments:Central bank digital currencies have the potential to revolutionize global financial systems, a report from the bank said.\nHashKey Capital Raises $500M for 3rd Crypto Fund:The firm will back blockchain projects that could achieve mass adoption.', 'Bitcoin and Ether were little changed in a muted morning of trading on Wednesday in Asia, as few top 10 non-stablecoin cryptocurrencies moved by more than 1% in either direction. Polkadot was one standout in the positive, while Solana saw the biggest loss after posting the largest gains in the list on Tuesday.\nSee related article:China’s digital yuan used in securities trade for the first time\n• Bitcoin rose less than 0.1% to US$21,168 in the 24 hours to 8 a.m. in Hong Kong, an increase of 21.3% over the past calendar week. Ether edged up 0.4% to US$1,568 to bring its gains for the week to 17.3%,according to data from CoinMarketCap.\n• Polkadot rose 2.7% to trade at US$5.96, a gain of 21.2% in the past week. Wednesday’s rise comes as the network upgraded its XCM “cross-consensus messaging”format to version 3, which reportedly improves cross-chain communication and lays the groundwork for non-fungible tokens (NFTs) on the network.\n• Litecoin rose 1.5% to US$87.12, an increase of 7.7% over the past seven days. Solana fell by 2.9% to US$22.90, but was still trading up 41.4% over the past week.\n• The total crypto market capitalization over the 24 hours rose less than 0.1% to US$991.9 billion, while trading volume fell 11.4% to US$48 billion.\n• U.S. equities also had a mixed day on Tuesday, the first day of trading for the week after Monday’s Martin Luther King Jr. public holiday. The Dow Jones Industrial Average fell 1.1%, the S&P 500 Index dropped 0.2% and the Nasdaq Composite Index closed up 0.1%.\n• The Dow’s losses came amidpoor earnings results on Tuesdayfrom U.S. banking giant Goldman Sachs Group Inc., which helped end a four-day winning streak for the Dow as the bank’s shares dropped more than 6%. Goldman’s Q4 profits fell to US$1.19 billion, down 66% from US$3.81 billion a year ago and well below estimates.\n• Other banks posted better-than-expected results, with Morgan Stanley & Co, LLC’s fourth-quarter revenue coming in at US$12.75 billion to beat expectations of US$12.54 billion. The shares rose almost 6%.\nSee related article:North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack', 'Bitcoin and Ether were little changed in a muted morning of trading on Wednesday in Asia, as few top 10 non-stablecoin cryptocurrencies moved by more than 1% in either direction. Polkadot was one standout in the positive, while Solana saw the biggest loss after posting the largest gains in the list on Tuesday. See related article: China’s digital yuan used in securities trade for the first time Fast facts Bitcoin rose less than 0.1% to US$21,168 in the 24 hours to 8 a.m. in Hong Kong, an increase of 21.3% over the past calendar week. Ether edged up 0.4% to US$1,568 to bring its gains for the week to 17.3%, according to data from CoinMarketCap . Polkadot rose 2.7% to trade at US$5.96, a gain of 21.2% in the past week. Wednesday’s rise comes as the network upgraded its XCM “cross-consensus messaging” format to version 3 , which reportedly improves cross-chain communication and lays the groundwork for non-fungible tokens (NFTs) on the network. Litecoin rose 1.5% to US$87.12, an increase of 7.7% over the past seven days. Solana fell by 2.9% to US$22.90, but was still trading up 41.4% over the past week. The total crypto market capitalization over the 24 hours rose less than 0.1% to US$991.9 billion, while trading volume fell 11.4% to US$48 billion. U.S. equities also had a mixed day on Tuesday, the first day of trading for the week after Monday’s Martin Luther King Jr. public holiday. The Dow Jones Industrial Average fell 1.1%, the S&P 500 Index dropped 0.2% and the Nasdaq Composite Index closed up 0.1%. The Dow’s losses came amid poor earnings results on Tuesday from U.S. banking giant Goldman Sachs Group Inc., which helped end a four-day winning streak for the Dow as the bank’s shares dropped more than 6%. Goldman’s Q4 profits fell to US$1.19 billion, down 66% from US$3.81 billion a year ago and well below estimates. Other banks posted better-than-expected results, with Morgan Stanley & Co, LLC’s fourth-quarter revenue coming in at US$12.75 billion to beat expectations of US$12.54 billion. The shares rose almost 6%. See related article: North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack', 'Bitcoin and Ether were little changed in a muted morning of trading on Wednesday in Asia, as few top 10 non-stablecoin cryptocurrencies moved by more than 1% in either direction. Polkadot was one standout in the positive, while Solana saw the biggest loss after posting the largest gains in the list on Tuesday.\nSee related article:China’s digital yuan used in securities trade for the first time\n• Bitcoin rose less than 0.1% to US$21,168 in the 24 hours to 8 a.m. in Hong Kong, an increase of 21.3% over the past calendar week. Ether edged up 0.4% to US$1,568 to bring its gains for the week to 17.3%,according to data from CoinMarketCap.\n• Polkadot rose 2.7% to trade at US$5.96, a gain of 21.2% in the past week. Wednesday’s rise comes as the network upgraded its XCM “cross-consensus messaging”format to version 3, which reportedly improves cross-chain communication and lays the groundwork for non-fungible tokens (NFTs) on the network.\n• Litecoin rose 1.5% to US$87.12, an increase of 7.7% over the past seven days. Solana fell by 2.9% to US$22.90, but was still trading up 41.4% over the past week.\n• The total crypto market capitalization over the 24 hours rose less than 0.1% to US$991.9 billion, while trading volume fell 11.4% to US$48 billion.\n• U.S. equities also had a mixed day on Tuesday, the first day of trading for the week after Monday’s Martin Luther King Jr. public holiday. The Dow Jones Industrial Average fell 1.1%, the S&P 500 Index dropped 0.2% and the Nasdaq Composite Index closed up 0.1%.\n• The Dow’s losses came amidpoor earnings results on Tuesdayfrom U.S. banking giant Goldman Sachs Group Inc., which helped end a four-day winning streak for the Dow as the bank’s shares dropped more than 6%. Goldman’s Q4 profits fell to US$1.19 billion, down 66% from US$3.81 billion a year ago and well below estimates.\n• Other banks posted better-than-expected results, with Morgan Stanley & Co, LLC’s fourth-quarter revenue coming in at US$12.75 billion to beat expectations of US$12.54 billion. The shares rose almost 6%.\nSee related article:North Korean hackers move 41,000 ETH stolen from Harmony Bridge attack', 'By Caroline Valetkevitch NEW YORK (Reuters) - U.S. 10-year Treasury yields fell to a four-month low on Wednesday as data showed U.S. retail sales declined more than expected in December, while the yen was weaker against the dollar in the wake of the Bank of Japan\'s decision to maintain ultra-low interest rates. Wall Street stocks ended lower following profit-taking after recent gains, with hawkish comments from Federal Reserve officials adding to the day\'s bearishness. A global stocks index also fell. Some investors said the drop in U.S. retail sales, together with subsiding inflation, could encourage the Fed to further scale back the pace of its interest rate increases next month. A separate report showed U.S. producer prices also fell more than expected in December. Even as inflation was showing signs of cooling, Fed policymakers reiterated their support for hiking the U.S. central bank\'s target interest rate above 5%. The U.S. central bank is expected to raise rates by 25 basis points when it concludes its two-day meeting on Feb. 1. Earlier, the Bank of Japan maintai
**Last 60 Days of Bitcoin's Closing Prices:**
[16711.55, 16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-18
**Financial & Commodity Data:**
- Gold Closing Price: $1904.40
- Crude Oil Closing Price: $79.48
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $408,587,760,900
- Hash Rate: 261608422.1400793
- Transaction Count: 300045.0
- Unique Addresses: 681758.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • Stripe Incslashed its internal valuation by 11%, the third time since June that the U.S. payments startup has reduced its view of itsshare price prospects.
• The latest cut reduced the share price to $24.71, implying a valuation of about $63 billion, Bloombergreported.
• Also Read:Bitcoin, Crypto Payments Now Enabled On Stripe In Boost To Web3 Companies: What You Should Know
• In October, Stripe reduced the price from $29 to $27.73.
• Stripe cut jobs to control costs ahead of any economic recession.
• In July, Stripe told staffers that an internal valuation for the company dropped to $74 billion, down from the $95 billion it bagged for its most recent fundraising.
• The internal price is used for new stock-based compensation and could drive expectations ahead of an IPO.
• In 2022, Stripe decided to offer customers access toBitcoinfour years after suspending support for the cryptocurrency, taking a cue from rivals likeBlock, Inc(NYSE:SQ) andPayPal Holdings Inc(NASDAQ:PYPL).
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): [['u/z0uNdz', 'Would you accept wages in BTC?', 39, '2023-01-18 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/', 'Your wages from your job would no longer be in USD but BTC. So if you were to make $100k/yr now — instead you get paid say 5 BTC/yr.\n\nThis is fixed though, similarly to how it was in USD. So if the price of BTC dropped down to $10k, essentially you will now only be making $50k/yr and taking a huge pay cut. You don’t get paid the equivalent converted to USD. \n\nOn the flip side if BTC rose to just $50k you now are making $250k/yr.\n\nSo if we run with 5 BTC annually and you are paid bi-weekly (twice a month) you would be getting 0.1923 btc per pay period. \n\nThis is not taking taxes into account as that would still need to be withheld.\n\nWould ya?', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/', '10ero4v', [['u/This_Red_Apple', 32, '2023-01-18 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4sn36e/', "I would if I didn't live paycheck to paycheck lol", '10ero4v'], ['u/HydrogenWhisky', 10, '2023-01-18 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4soryu/', 'Is the wider economy transacting in BTC? Can I go down to the servo and get petrol for 0.00009BTC per litre? Can I buy a couple of apples at Woolies for 0.00004BTC? Or do I have to convert to fiat first and buy everything in cash?\n\nIf the former, then there’s not much difference between getting paid $80k per year and 4BTC per year, so yes. If the latter, it’s essentially gambling with your weekly paycheque, and if I’m doing that then I want the flexibility of fiat so I can put it all on shitcoins.', '10ero4v'], ['u/Baecchus', 11, '2023-01-18 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4sxktt/', "You'd just live paycheck to paycheck with the added stress of worrying about price volatility lmao.", '10ero4v']]], ['u/SaltAd2986', 'hbar btc decoupling', 11, '2023-01-18 01:52', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/', 'Maybe arbitrary in response but - is there/will there be a way to tell when/if alt coins like hbar begin/are decoupled from btc in the future?\n\nWhat traits would we look for?', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/', '10et80v', [['u/hanginglimbs', 13, '2023-01-18 02:27', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/j4t10fy/', 'I looked, but all I see are lines, no shampoo', '10et80v']]], ['u/Asclepiusssss', 'Is this maybe a bit too much overkill?', 37, '2023-01-18 03:16', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/', '&#x200B;\n\nhttps://preview.redd.it/btcsokg9opca1.png?width=831&format=png&auto=webp&v=enabled&s=aa8c658725c02451602e995e7164d6b37e170dd7', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/', '10ev5ik', [['u/Monarch357', 29, '2023-01-18 03:21', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4t8pih/', 'Probably. As far as we know, neither the Arxur nor the Federation have armored ground vehicles, so high-caliber armor piercing rounds in a handheld weapon are unnecessary, as guided missiles are likely more than enough for landing craft. The underbarrel grenade launcher is a similar case; although it *could* serve an anti-personnel role with incendiary ordnance, that would just make it into a barrel-mounted war crime stick.', '10ev5ik'], ['u/Asclepiusssss', 19, '2023-01-18 03:30', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4t9y2q/', "That's true. My rationale with this gun is that it was brought into UN service, made to negate the advantage sci-fi tech like personal shields and power armor. But there doesn't seem to be any confirmation that such things exist within fed. troops.... but never hurts to be prepared.", '10ev5ik'], ['u/flamedarkfire', 14, '2023-01-18 03:32', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4ta6bi/', 'No kill like overkill', '10ev5ik'], ['u/Leather-Pound-6375', 11, '2023-01-18 03:53', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4td84n/', 'From the all guardsman part: "we don\'t believe in such thing as overkill"', '10ev5ik']]], ['u/zamaron1', 'Lore In Chronological Order for New Lights and Veterans', 137, '2023-01-18 05:00', 'https://www.reddit.com/r/DestinyLore/comments/10exdud/lore_in_chronological_order_for_new_lights_and/', "Welcome, this is a lore project I spent a year putting together. Because I heard Bungie would vault much of Destiny 2's story, I made this to catalog it's major story beats for new players. It has links to playlists and documents tied to the story. It is structured so you can play the Campaigns and watch the videos intermixed with you're play. Thus it does not include campaign or Strike content you can already play in D1 or D2. It includes videos by many Destiny content creators as an unofficial community Collab, do not take the order I place things as canon or official, they're placement is merely structured in a way to make it easy for new players. I will keep updating this if I find new audio lore and with some of my own recordings of story events. My Youtube Channel (Guardian Of Light) is too small for me to monetize my videos, but I wouldn't even if I could as I do this as a resource for the community to use. So please enjoy, and be aware that if you go though this entire thing, it will take hours, hey it's not my fault Bungie added so much awesome story. Enjoy friends and share this as much as you can, I'd love for this to be a major tool of the community. :)\n\n&#x200B;\n\n&#x200B;\n\nComplete story to familiarize you with the basic lore.\n\n[https://www.youtube.com/watch?v=9mbDXvDNqTU]\n\nBooks of Sorrow (Hive Origin)\n\n[https://youtu.be/MC9jU0w3bkM](https://youtu.be/MC9jU0w3bkM)\n\nAres 1: Man's first contact with Traveler:\n\n[https://youtu.be/zTH060V6gos](https://youtu.be/zTH060V6gos)\n\nGolden Age and Collapse: (Best for veterans, heavy DLC spoilers and reveals. entries in other playlists.)\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuKoIaitXdbLimmWehQTMXRn](https://youtube.com/playlist?list=PL9_Vjw1rlOuKoIaitXdbLimmWehQTMXRn)\n\nMarasenna (Awoken Origin):\n\n[https://youtu.be/IlZNX-g7LG0](https://youtu.be/IlZNX-g7LG0)\n\nOrigin of Mithraax: (Veteran recommend)\n\nhttps://youtube.com/playlist?list=PLE-NG5KBXALGzbAF9UODS-cooq_fS8ouo\n\nHistory of The Awoken and Uldren's journey into the Black Garden:\n\n[https://youtu.be/ZPiOVMKDkj0](https://youtu.be/ZPiOVMKDkj0)\n\nOrigin of the Dreaming City:\n\n[https://youtu.be/pdkXO39ec04](https://youtu.be/pdkXO39ec04)\n\nLiar Lorebook (Fall of The Iron Lords):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIHuoA\\_6j\\_zqDrWyc9Y9FG-](https://youtube.com/playlist?list=PL9_Vjw1rlOuIHuoA_6j_zqDrWyc9Y9FG-)\n\n\nDrifter Origin:\n\n[https://youtube.com/playlist?list=PLE-NG5KBXALFCR14DdJQcDVYt2AqE49Oe](https://youtube.com/playlist?list=PLE-NG5KBXALFCR14DdJQcDVYt2AqE49Oe)\n\n&#x200B;\n\nTale of Dredgen Yor:\n\n[https://youtu.be/UDUMXgiuYiU](https://youtu.be/UDUMXgiuYiU)\n\n&#x200B;\n\nTale of Saint 14:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLzHkeoMmnSJvXdfbyrG-B1](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLzHkeoMmnSJvXdfbyrG-B1)\n\n&#x200B;\n\nIron Lords Fall:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuI2dR734NWUr-UfdMx-xhqO](https://youtube.com/playlist?list=PL9_Vjw1rlOuI2dR734NWUr-UfdMx-xhqO)\n\n&#x200B;\n\nOsiris is banished From the City:\n\n[https://comics.bungie.net/en/1/fall-of-osiris](https://comics.bungie.net/en/1/fall-of-osiris)\n\n[https://comics.bungie.net/en/2/fall-of-osiris](https://comics.bungie.net/en/2/fall-of-osiris)\n\n&#x200B;\n\nOsiris and his Followers after being exiled:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuISkyEtn5T4LiSpIRP1\\_Hd-](https://youtube.com/playlist?list=PL9_Vjw1rlOuISkyEtn5T4LiSpIRP1_Hd-)\n\n&#x200B;\n\nReef Wars: During the Battle of Twilight Gap.\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKeyWzmjXn0kSGbrzCVidVH](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKeyWzmjXn0kSGbrzCVidVH)\n\n&#x200B;\n\nBattle of Twilight Gap\n\n[https://youtu.be/i4p7HZmqTR8](https://youtu.be/i4p7HZmqTR8)\n\n&#x200B;\n\nThe Great Disaster and Eris's Fireteam:\n\n[https://www.youtube.com/watch?v=WuMTMWnR5Bg](https://www.youtube.com/watch?v=WuMTMWnR5Bg)\n\n&#x200B;\n\nD1 Guardian Handbook\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKueLKwAuBJhDf\\_clOicXMd](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKueLKwAuBJhDf_clOicXMd)\n\n&#x200B;\n\nD1 Vendor Dialogue (WIP):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIzotSM6CMZVfDBFkrRm1PL](https://youtube.com/playlist?list=PL9_Vjw1rlOuIzotSM6CMZVfDBFkrRm1PL)\n\n&#x200B;\n\nD1 full Grimoire if you want to read it.\n\n[https://www.destinypedia.com/Grimoire](https://www.destinypedia.com/Grimoire)\n\nFor extra fun alongside Campaign, read mission Grimoire cards after each mission:\n\n[https://www.destinypedia.com/Grimoire:Activities](https://www.destinypedia.com/Grimoire:Activities)\n\n&#x200B;\n\nInter mission dialogue for D1 players replaying:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKA9OLRh62aHy2eRWZUwkYY](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKA9OLRh62aHy2eRWZUwkYY)\n\n&#x200B;\n\nOrder for D1 (Origin of the Player)\n\n[https://www.reddit.com/r/DestinyTheGame/comments/54jxtl/every\\_destiny\\_mission\\_in\\_order\\_of\\_occurrence/](https://www.reddit.com/r/DestinyTheGame/comments/54jxtl/every_destiny_mission_in_order_of_occurrence/)\n\n&#x200B;\n\nBefore starting Taken King:\n\n[https://www.youtube.com/watch?v=OmcDQ2442yk&list=PL9\\_Vjw1rlOuJtht4WsOSnC7fNoCbAhdSR&index=4](https://www.youtube.com/watch?v=OmcDQ2442yk&list=PL9_Vjw1rlOuJtht4WsOSnC7fNoCbAhdSR&index=4)\n\n&#x200B;\n\nMara Sov after “death”:\n\n[https://youtube.com/playlist?list=PLE-NG5KBXALFF2952FHowDjsorEeQhBGG](https://youtube.com/playlist?list=PLE-NG5KBXALFF2952FHowDjsorEeQhBGG)\n\n&#x200B;\n\nAge of Triumph (After Rise of Iron is completed and you're about to jump to Destiny 2):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKF6kWkz9x16ePwXkNXbRz7](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKF6kWkz9x16ePwXkNXbRz7)\n\n&#x200B;\n\nStory of Emperor Calus and the Cabal (Flash back) and Calus's thoughts on the traitors:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIQ-q\\_eAOwxutQJgrUIY5by](https://youtube.com/playlist?list=PL9_Vjw1rlOuIQ-q_eAOwxutQJgrUIY5by)\n\n&#x200B;\n\nRed War stories after Homecoming mission:\n\n[https://www.reddit.com/r/DestinyTheGame/comments/8zq0bq/spoiler\\_all\\_lore\\_for\\_solstice\\_armor\\_sets/?ref=share&ref\\_source=link](https://www.reddit.com/r/DestinyTheGame/comments/8zq0bq/spoiler_all_lore_for_solstice_armor_sets/?ref=share&ref_source=link)\n\n&#x200B;\n\nRed War (Youtube compilation as Red War was removed from D2):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuJ3-3jYIZ9EQw7cSz2MkpBJ](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuJ3-3jYIZ9EQw7cSz2MkpBJ)\n\n&#x200B;\n\nOrigin of the Emissary of The Nine (flashback):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuLqjP3MaxSUrBBRR78mbtce](https://youtube.com/playlist?list=PL9_Vjw1rlOuLqjP3MaxSUrBBRR78mbtce)\n\n&#x200B;\n\nCurse of Osiris Campaign (removed from D2):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKvO2U3uq3CQGxpBPnAylmH](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKvO2U3uq3CQGxpBPnAylmH)\n\n&#x200B;\n\nWarmind Prologue:\n\n[https://comics.bungie.net/en/5/warmind-3](https://comics.bungie.net/en/5/warmind-3)\n\n[https://comics.bungie.net/en/3/warmind](https://comics.bungie.net/en/3/warmind)\n\n[https://comics.bungie.net/en/4/warmind-2](https://comics.bungie.net/en/4/warmind-2)\n\n&#x200B;\n\nWarmind Campaign (Removed from D2):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLjavMAh1KIKkCq5pBeGqzx](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLjavMAh1KIKkCq5pBeGqzx)\n\n&#x200B;\n\nDrifter Returns to Earth:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuJRj2sMbQVvni18ZkJdEUFp](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuJRj2sMbQVvni18ZkJdEUFp)\n\n&#x200B;\n\nForsaken Prologue:\n\n[https://youtu.be/K0z5UTsaBR0](https://youtu.be/K0z5UTsaBR0)\n\n&#x200B;\n\nReactions to Cayde's death (After Last Call mission and talking to Vanguard):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuLj29jupVLZul20h7JLMtIb](https://youtube.com/playlist?list=PL9_Vjw1rlOuLj29jupVLZul20h7JLMtIb)\n\n&#x200B;\n\nPlay Forsaken Campaign up to killing Uldren:\n\n[https://youtu.be/wANkw\\_JUoZA](https://youtu.be/wANkw_JUoZA)\n\n&#x200B;\n\nLorebook about the Tangled Shore and Scorn Barons:\n\n[https://youtu.be/1pj66Z9yYMw](https://youtu.be/1pj66Z9yYMw)\n\n&#x200B;\n\nAce of Spades Quest:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuLVNSOtQGjUfJnljbGlFYR4](https://youtube.com/playlist?list=PL9_Vjw1rlOuLVNSOtQGjUfJnljbGlFYR4)\n\n&#x200B;\n\nContinue Awoken Talisman quest till mission taking you to the Dreaming City.\n\nPart 1: [https://youtu.be/kQZzDmgU6UQ](https://youtu.be/kQZzDmgU6UQ)\n\nPart 2: [https://youtu.be/u3RDzkxqYMo](https://youtu.be/u3RDzkxqYMo)\n\n&#x200B;\n\nLast Wish Raid\n\n&#x200B;\n\nDreaming City Story:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuI6smpJlv21jdkL7lF\\_KZKD](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuI6smpJlv21jdkL7lF_KZKD)\n\n&#x200B;\n\nTruth To Power lorebook:\n\n[https://www.youtube.com/playlist?list=PLE-NG5KBXALHFpDYC85lcvQlCO31kJPHE](https://www.youtube.com/playlist?list=PLE-NG5KBXALHFpDYC85lcvQlCO31kJPHE)\n\n&#x200B;\n\nWishender Quest Dialogue (Sjur Eido statue in Shattered Throne):\n\n[https://youtube.com/playlist?list=PLuETOCJ3rwAatwj7Ty2n7NHPdmPdmER\\_y](https://youtube.com/playlist?list=PLuETOCJ3rwAatwj7Ty2n7NHPdmPdmER_y)\n\n&#x200B;\n\nDarkness In The Light (Malfeasance Quest):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJ9FytrpA6C3qauHX7u1ZVL](https://youtube.com/playlist?list=PL9_Vjw1rlOuJ9FytrpA6C3qauHX7u1ZVL)\n\n&#x200B;\n\nThe Lost Cryptarch:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuKek1rNtj6VpzO1LCnqwNgv](https://youtube.com/playlist?list=PL9_Vjw1rlOuKek1rNtj6VpzO1LCnqwNgv)\n\n&#x200B;\n\nSeason of The Forge:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuL13rYCq2fG1wImSuxlhTjt](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuL13rYCq2fG1wImSuxlhTjt)\n\n&#x200B;\n\nDust Lorebook:\n\n[https://youtu.be/CnMvoKa2Vrk](https://youtu.be/CnMvoKa2Vrk)\n\n&#x200B;\n\nSeason of The Drifter:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJL-PVomdOooJEvzOxmtOXz](https://youtube.com/playlist?list=PL9_Vjw1rlOuJL-PVomdOooJEvzOxmtOXz)\n\n&#x200B;\n\nNothing Ends Lorebook (End of Season of The Drifter and the Shadows of Yor):\n\n[https://www.youtube.com/playlist?list=PLE-NG5KBXALG04\\_RMhVqSP0W9Rzf326aB](https://www.youtube.com/playlist?list=PLE-NG5KBXALG04_RMhVqSP0W9Rzf326aB)\n\n&#x200B;\n\nSeason of Opulence (plus Calus's fanfic about us, the Chronicon):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLSvPqPcvVCD8knJlVnvHGx](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLSvPqPcvVCD8knJlVnvHGx)\n\n&#x200B;\n\nVanguard intel reports on current events\n\n[https://youtu.be/X3lTwp847-4](https://youtu.be/X3lTwp847-4)\n\n&#x200B;\n\nStory of the Hidden Swarm after D1:\n\n[https://youtu.be/MjijZRQTIy4](https://youtu.be/MjijZRQTIy4)\n\n&#x200B;\n\nShadowkeep Prologue:\n\n[https://www.youtube.com/playlist?list=PLE-NG5KBXALGhEIj0tDr3FfZawPBDzDB-](https://www.youtube.com/playlist?list=PLE-NG5KBXALGhEIj0tDr3FfZawPBDzDB-)\n\n&#x200B;\n\nPlay Shadowkeep Campaign\n\nLetters From Eris: (listen to it while playing Shadowkeep)\n\n[https://youtu.be/h3\\_3sJ1L3cw](https://youtu.be/h3_3sJ1L3cw)\n\n&#x200B;\n\nUnveiling Lorebook (listen to after completing Shadowkeep, messages from the Darkness)\n\n[https://www.youtube.com/playlist?list=PLE-NG5KBXALGMAAhvkoutTSusrUtGipox](https://www.youtube.com/playlist?list=PLE-NG5KBXALGMAAhvkoutTSusrUtGipox)\n\n&#x200B;\n\nEris Memory quest:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKp2PwA15RyI5d6Iq2SzHd8](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKp2PwA15RyI5d6Iq2SzHd8)\n\n&#x200B;\n\nShadowkeep Extra:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJaz84iczSlQUzI8rrZw1rY](https://youtube.com/playlist?list=PL9_Vjw1rlOuJaz84iczSlQUzI8rrZw1rY)\n\n&#x200B;\n\nExtra Shadowkeep lorebooks (all flashbacks to the Golden Age and the Collapse:\n\n[https://youtu.be/YYr0u49r5xA](https://youtu.be/YYr0u49r5xA)\n\n&#x200B;\n\nSeason of The Undying (occurs alongside Shadowkeep):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuL8JGhPNkGUK\\_b1dGlkr8zu](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuL8JGhPNkGUK_b1dGlkr8zu)\n\n&#x200B;\n\nDo Garden of Salvation Raid\n\n&#x200B;\n\nSeason of Dawn:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLhHnf7LQXCOJXB\\_WhCg6XJ](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLhHnf7LQXCOJXB_WhCg6XJ)\n\n&#x200B;\n\nSeason of The Worthy:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLwRA-o7Ne8VnWgI0v4JfR8](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLwRA-o7Ne8VnWgI0v4JfR8)\n\n&#x200B;\n\nSeason of Arrivals:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIY2vYGLmrxvlGy0sbGUbLZ](https://youtube.com/playlist?list=PL9_Vjw1rlOuIY2vYGLmrxvlGy0sbGUbLZ)\n\n&#x200B;\n\nBeyond Light Prologue, The Once Shipstealer Lorebook:\n\n[https://youtu.be/zs1g48LC8lQ](https://youtu.be/zs1g48LC8lQ)\n\n&#x200B;\n\nPost Arrivals Cutscene:\n\n[https://youtu.be/rjp4HgOc\\_4M](https://youtu.be/rjp4HgOc_4M)\n\n&#x200B;\n\nBeyond Light Trailer:\n\n[https://youtu.be/h-5S82ETKvI](https://youtu.be/h-5S82ETKvI)\n\n&#x200B;\n\nBeyond Light (Work in Progress)\n\n&#x200B;\n\nRegarding Stasis:\n\n[https://youtu.be/9o\\_g0ugETjI](https://youtu.be/9o_g0ugETjI)\n\n&#x200B;\n\nDeep Stone Crypt Raid\n\n&#x200B;\n\nBeyond Light Extra:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuK0ZNGx9xDeaeROweTXsbOV](https://youtube.com/playlist?list=PL9_Vjw1rlOuK0ZNGx9xDeaeROweTXsbOV)\n\n&#x200B;\n\nClovis Bray Journal (includes Bray Records and Legacy's Lament lorebooks):\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuIamDiT2gQHEraBo\\_L4IA9i](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuIamDiT2gQHEraBo_L4IA9i)\n\n&#x200B;\n\nYou’re Friend, Micah Abrams (Flashback):\n\n[https://youtu.be/OXq7DetqeNk](https://youtu.be/OXq7DetqeNk)\n\n&#x200B;\n\nThe Dark Future lorebook (Exo Stranger's future):\n\n[https://youtu.be/iIx306J04zI](https://youtu.be/iIx306J04zI)\n\n&#x200B;\n\nSeason of The Hunt : Added Lure of the Cryptolith, and Tangled Web Lorebooks\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuIEYOOIBbhIi76946r7pLLg](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuIEYOOIBbhIi76946r7pLLg)\n\n&#x200B;\n\nSeason of The Chosen:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuKNQ5XAksrIAGRA08qt5S5A](https://youtube.com/playlist?list=PL9_Vjw1rlOuKNQ5XAksrIAGRA08qt5S5A)\n\n&#x200B;\n\nSeason of The Splicer:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuLtuvb4WEGLEEPz6qLHJTwD](https://youtube.com/playlist?list=PL9_Vjw1rlOuLtuvb4WEGLEEPz6qLHJTwD)\n\n&#x200B;\n\nSeason Of The Lost: (WIP)\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIrPhj-zCRCGZJCO3l\\_-Sx2](https://youtube.com/playlist?list=PL9_Vjw1rlOuIrPhj-zCRCGZJCO3l_-Sx2)\n\n&#x200B;\n\nDares Of Eternity:\n\n[https://youtube.com/playlist?list=PLS2hBTtCDufSXL1PTGDs4KLy7JGe6Sq1M](https://youtube.com/playlist?list=PLS2hBTtCDufSXL1PTGDs4KLy7JGe6Sq1M)\n\n&#x200B;\n\nXur's Hoard and Dungeon Quest Intro:\n\n[https://youtu.be/AALGzWm27rw](https://youtu.be/AALGzWm27rw)\n\n&#x200B;\n\nGrasp Of Avarice Dungeon:\n\n[https://youtube.com/playlist?list=PLS2hBTtCDufSw4MHdr89inAmHfcRhNwwe](https://youtube.com/playlist?list=PLS2hBTtCDufSw4MHdr89inAmHfcRhNwwe)\n\n&#x200B;\n\nWitch Queen Prologue:[https://youtu.be/VJajaGApRSE](https://youtu.be/VJajaGApRSE)\n\n&#x200B;\n\nWitch Queen Collector's Lorebook:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJc1apMQPEgN7e0aailqu3E](https://youtube.com/playlist?list=PL9_Vjw1rlOuJc1apMQPEgN7e0aailqu3E)\n\n&#x200B;\n\nWitch Queen:\n\nMartian Missives (Each entry after each Story Mission.):\n\n[https://youtube.com/playlist?list=PLE-NG5KBXALEKv30sllBXInuIqmD1oVll](https://youtube.com/playlist?list=PLE-NG5KBXALEKv30sllBXInuIqmD1oVll)\n\n&#x200B;\n\nWitch Queen Extra:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJVghjajXrDSSWYFY6zRsLx](https://youtube.com/playlist?list=PL9_Vjw1rlOuJVghjajXrDSSWYFY6zRsLx)\n\n&#x200B;\n\nLucent Tales:\n\n[https://youtube.com/playlist?list=PLE-NG5KBXALGRcLan8o-WgTgYa\\_mXmS4g](https://youtube.com/playlist?list=PLE-NG5KBXALGRcLan8o-WgTgYa_mXmS4g)\n\n&#x200B;\n\nDisciple Of The Witness Raid\n\n&#x200B;\n\nRhulk's story:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJYBLtwJTPoS\\_jfHPp1LUpD](https://youtube.com/playlist?list=PL9_Vjw1rlOuJYBLtwJTPoS_jfHPp1LUpD)\n\n&#x200B;\n\nSeason Of The Risen:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuK56D67GxxLhrjVJwSvln1U](https://youtube.com/playlist?list=PL9_Vjw1rlOuK56D67GxxLhrjVJwSvln1U)\n\n&#x200B;\n\nSeason Of The Haunted: [https://youtube.com/playlist?list=PL9\\_Vjw1rlOuL5bxnbmUHdeSzF88p9esWa](https://youtube.com/playlist?list=PL9_Vjw1rlOuL5bxnbmUHdeSzF88p9esWa)\n\n&#x200B;\n\nSeason Of Plunder: [https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIjpZhZinXaj48nUmxEVb40](https://youtube.com/playlist?list=PL9_Vjw1rlOuIjpZhZinXaj48nUmxEVb40)\n\n&#x200B;\n\nSeason Of The Seraph: [https://youtube.com/playlist?list=PL9\\_Vjw1rlOuJCSnTCNDJ4YO60s5UiVe\\_x](https://youtube.com/playlist?list=PL9_Vjw1rlOuJCSnTCNDJ4YO60s5UiVe_x)", 'https://www.reddit.com/r/DestinyLore/comments/10exdud/lore_in_chronological_order_for_new_lights_and/', '10exdud', [['u/SuperArppis', 17, '2023-01-18 12:08', 'https://www.reddit.com/r/DestinyLore/comments/10exdud/lore_in_chronological_order_for_new_lights_and/j4umn5k/', 'This is a great list. \n\nBut I kinda wish Bungie could provide this in game somehow.', '10exdud']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, January 18, 2023', 31, '2023-01-18 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/', '10eykzj', [['u/bitcoins', 16, '2023-01-18 06:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4twnlx/', 'Still enjoying the ride', '10eykzj'], ['u/ConvictedConvict', 45, '2023-01-18 06:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4txjz1/', 'If anyone is new here:\n\nI’ve been checking these threads for years. \n\nI bought my first btc @250 around 2012. Kept accumulating then skyrocketed to riches, thought I was the shit, panic sold and lost everything during the big crash, and am only now just recouping. \n\nI gained and lost everything all from a silly bet when I was a 20 year old kid. Btc has defined my life.\n\n\nThis is not a game and it is not for the feign of heart. \n\nMy only advice: be careful and just fucking hold.', '10eykzj'], ['u/EmotionalParsley', 14, '2023-01-18 07:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4u0pe3/', "In three months I'm going to have to pay more in taxes than I make in a year at my real job. My challenge is to trade well enough to pay off my tax liability while maintaining the same amount of coin I currently have. Wish me luck.", '10eykzj'], ['u/joenastyness', 14, '2023-01-18 08:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4u5fgw/', 'Dangerous game', '10eykzj'], ['u/Sufficient_Winter_45', 20, '2023-01-18 08:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4u5vvl/', "That's a stupid plan.", '10eykzj'], ['u/Briggitfiggit', 18, '2023-01-18 13:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4ushb4/', '>Jordan Schachtel: Tucker would not just blindly speculate. My guess is he has a source on this one.\n\nJesus Christ, people are dumb', '10eykzj'], ['u/Euphoricsoul', 18, '2023-01-18 14:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4v1lb5/', 'PPI came in at 5.5% vs forecasted 5.6% - Positive\n\nUS Retail Sales came in at -1.1% vs forecasted -0.9% - Positive\n\nBrother Powell is chipping away at inflation.', '10eykzj'], ['u/DEEPFIELDSTAR', 12, '2023-01-18 14:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4v39do/', 'Shorts in for pain today. Watch.', '10eykzj'], ['u/zberg69420', 11, '2023-01-18 15:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4v5xwh/', 'Shorts take us to 24?', '10eykzj'], ['u/EquitiesFIRE', 14, '2023-01-18 15:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4v6un8/', 'I think all that buying and pulling bitcoin off exchanges did a number on the market. I’m impressed', '10eykzj'], ['u/Magikarpeles', 10, '2023-01-18 15:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4v8qia/', 'slows down inflation', '10eykzj'], ['u/bittabet', 14, '2023-01-18 15:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4v93vy/', 'Yeah I’m starting to think this next bull run might actually return a *better* multiple instead of the diminishing returns we normally would expect. Normally the amount of fake paper Bitcoin and ways to short Bitcoin have constantly increased from cycle to cycle. This may be the first time that we see the price impacting supply of Bitcoin shrink drastically. All that money fighting for the smaller amount of Bitcoin on exchanges and then you add the halving on top.\n\nCan’t count our Lambos yet but man…if it does happen I think a lot of the folks in this sub who’ve been here a few cycles will be **set**.\n\nThat all said I shorted that run over 21500 just now, still gonna scalp even if we’re going to the citadel in a couple of years 😂', '10eykzj'], ['u/gozunker', 13, '2023-01-18 16:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vies8/', 'Might be interesting. From Twitter:\n\n“DOJ will announce "major international cryptocurrency enforcement action."\n\nTreasury going to "announce an action in this space as well."\n\nDeputy Attorney General / \nDeputy Treasury Secretary / \nU.S. Attorney for Eastern District of NY / \nDeputy Director of the FBI”\n\nIf this is FTX-related … meh. If this is Binance-related … hold onto your butts. My bets are on neither, but still meh.', '10eykzj'], ['u/Magikarpeles', 13, '2023-01-18 16:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vldt6/', 'oh no the first great crypto crash of 2023!', '10eykzj'], ['u/btcluvr', 11, '2023-01-18 17:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vmd83/', "don't buy bitcoin.... you KNOW it's going to crash....", '10eykzj'], ['u/Euphoricsoul', 10, '2023-01-18 17:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vmwv1/', 'Dip buyers should be targeting between 19700 and 19100 with sweetheart orders just under 19k.\n\nhttps://www.tradingview.com/x/KjKwWmOR/', '10eykzj'], ['u/hajjidamus', 13, '2023-01-18 17:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vrhnz/', "I'm going to guess yet another nothingburger.", '10eykzj'], ['u/etsolow', 10, '2023-01-18 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vsobu/', 'DoJ live stream: https://www.justice.gov/live', '10eykzj'], ['u/_TROLL', 10, '2023-01-18 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vtayb/', 'The amount of attention crypto gets from these folks is so laughably disproportionate to its relatively small marketcap and effect on the larger economy.\n\nWhatever some exchange may or may not have done, 100 times more unlawful activity is happening in the conventional stock markets as we speak.', '10eykzj'], ['u/Westbrook_Level', 47, '2023-01-18 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vvszh/', '>[DB] DOJ Takes Enforcement Action Against Russian Exchange Bitzlato\n\nLol who gives a fuck', '10eykzj'], ['u/thewardser', 19, '2023-01-18 18:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vvxts/', "I don't think anyone on here even heard about that one", '10eykzj'], ['u/thewardser', 10, '2023-01-18 18:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vwcw4/', 'its not even listed on coinmarketcap', '10eykzj'], ['u/_TROLL', 11, '2023-01-18 18:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vwda8/', "I think even Putin doesn't know about it. 😛", '10eykzj'], ['u/DEEPFIELDSTAR', 17, '2023-01-18 18:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vwf5i/', 'Aaand another nothingburger. \n\nBullrunresume.exe', '10eykzj'], ['u/xixi2', 11, '2023-01-18 18:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vwgjq/', 'we gave back 4 days of progress in an hour cuz of this?', '10eykzj'], ['u/thewardser', 13, '2023-01-18 18:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vwsgu/', "look on the bright side, if we bounce back here, we'll most likely break through the big resistance at $21,600 just off momentum alone", '10eykzj'], ['u/AccidentalArbitrage', 14, '2023-01-18 18:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vwyp7/', 'Damn, some folks snagged an excellent entry because of this. Hilarious.', '10eykzj'], ['u/j_ockeghem', 12, '2023-01-18 18:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vxbkq/', 'Watching their pompous live stream. What a clown show. Unbelievable.', '10eykzj'], ['u/BootyPoppinPanda', 24, '2023-01-18 18:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vxjcl/', 'This market is so fucking stupid sometimes', '10eykzj'], ['u/delgrey', 10, '2023-01-18 18:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vxkuk/', "I'm goin to Starbucks for a Double Blitzlato.", '10eykzj'], ['u/_TROLL', 12, '2023-01-18 18:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vxoko/', "They arrested the owner of the exchange, a Russian national, in Miami.\n\nHow have these people still not learned to *not* travel outside Russia if you're engaged in fuckery?", '10eykzj'], ['u/Motrok', 12, '2023-01-18 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vyr3x/', 'This guy had the audacity of having a russian passport so he went down.\n\nResume up only.', '10eykzj'], ['u/roadworn', 14, '2023-01-18 18:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vyxdi/', "This is what I love to see for continuation, a strong uptrend and a bull flag followed by a liquidity sweep downward and then a strong bounce back and upwards continuation. My favorite trading pattern. Enter (or add) on the liquidity sweep and ride the slingshot. Let's see if it plays out. SL at 20333.\n\nhttps://www.tradingview.com/x/LMCKA6ds", '10eykzj'], ['u/CirclejerkBitcoiner', 20, '2023-01-18 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vz831/', 'Crypto crime is no more, the ecosystem is officially legit now. Very bullish announcement.', '10eykzj'], ['u/_TROLL', 27, '2023-01-18 18:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4vzxyi/', 'They just mentioned a number... they tied this exchange to $15,000,000 in darknet market or ransomware transactions. Not a typo. Fifteen million. LOL.\n\nHow many man-hours were spent investigating this obscure Russian exchange?\n\nNow, some other Russian dude will have started up another money-laundering exchange by the end of the day.', '10eykzj'], ['u/DamnMyAPGoinCrazy', 28, '2023-01-18 18:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w09xy/', "If Bitzlato going down doesn't take us to $12k I really don't know what else could", '10eykzj'], ['u/Westbrook_Level', 10, '2023-01-18 18:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w10ji/', 'Try the new grilled stuft Bitzlato for a limited time with a large Baja Blast.', '10eykzj'], ['u/opst02', 18, '2023-01-18 18:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w14fu/', 'Shame. \nThey have been the one exchange crypto was known for..\n\nHopefully this gives the chance to smaller and unknown player to catch up. I heard some good things about coinbase(?).', '10eykzj'], ['u/j_ockeghem', 29, '2023-01-18 18:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w2ajj/', 'Taking down Bitzlato and seizing the over 10 million USD laundered through it will go down in history as one of the most heroic actions against international crime, led by Justice Department. Looking forward to the movie!', '10eykzj'], ['u/btcluvr', 22, '2023-01-18 18:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w2tci/', 'zlato means gold in Russian. \n\nnot your keys. not your zlato.', '10eykzj'], ['u/BarnacleMajestic315', 11, '2023-01-18 18:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w31o2/', 'Bitzlato will forever become a meme\n\nReal question: does serious TA resume from here or will the market just price in the Bitzlato affair as part of the retracement and continue down to retrace healthily before the next push?', '10eykzj'], ['u/_TROLL', 12, '2023-01-18 18:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w54xt/', 'If they put this much hype -- "*live stream, major crypto enforcement action!!*" -- into a nothing-exchange in the middle of Siberia being taken down, I can\'t even imagine what they\'d do for something like Binance, or Tether, or the usual FUD suspects.\n\nMaybe a 10-mile-long ticker-tape parade down the streets of New York.', '10eykzj'], ['u/EmotionalParsley', 14, '2023-01-18 19:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4w9vzz/', "We lost the 4hr 8EMA trend that had held up beautifully until now, but we are still above the base of our consolidation pattern and that wick is a thing of beauty.\n\nIf we start closing 4hr candles below 20.7 I'll take a little off the table, otherwise things look bullish.\n\n[https://www.tradingview.com/x/XrlrGvth/](https://www.tradingview.com/x/XrlrGvth/)\n\nedit - That wick has failed to produce any sort of bullish impulse and things are starting to look a little toppy. Might let go of some of my position if even the 1hr closes below 20.7.\n\nedit 2 - Took about 20% of my position from 17.4 off at 20.7, I'm wrong if the 4hr reclaims the 4hr 8EMA. This strikes a comfortable balance for me.", '10eykzj'], ['u/DamnMyAPGoinCrazy', 10, '2023-01-18 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4wcjyb/', 'Universe heard people were looking for a pullback so gave us Bitzlato, Genesis Chapter 11, and indices dumping all on the same day all along with a vague “4” tweet by CZ', '10eykzj'], ['u/AccidentalArbitrage', 12, '2023-01-18 21:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4wqmxr/', "Oh I see. Perhaps it would have been better for you to post your comment as a reply in those threads, instead of as a vague top-level comment with no context.\n\nI would ask if you are new to reddit, but I see your account is 9 years old...\n\nRegardless, this was an announcement of an announcement by the DOJ, taking a page out of the ICO-promoter's playbook. Like all announcements of announcements, they are often underwhelming and disappointing compared to the resulting speculation. This is why it is being ridiculed, no one but some drug dealers had heard of this obscure exchange until today. \n\nAlways good to see criminals get caught, though, even if they are tiny and irrelevant.", '10eykzj'], ['u/sexyama', 26, '2023-01-18 22:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4x3f0b/', 'Genesis Trading were considered like gods on this sub.\n\nIf I had sent my resume to them, they would have put it directly in the trash for not being part of the cool crowd. But now they are filing for bankrupcy so it turns out I am a better trader than these goofs.', '10eykzj'], ['u/ChadRun04', 13, '2023-01-18 22:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/10eykzj/daily_discussion_wednesday_january_18_2023/j4x3xzn/', 'Anytime you see anyone bragging about being a *"professional trader"* just think *"Monkey employed by scammers to pull random levers and give the impression of expertise to gullible clients while stealing their money via exorbitant fees."*', '10eykzj']]], ['u/rBitcoinMod', 'Daily Discussion, January 18, 2023', 43, '2023-01-18 07:03', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10e4qe3/daily_discussion_january_17_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/', '10eztz3', [['u/Weird_Ad_5369', 23, '2023-01-18 07:13', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4u05t0/', "Is this the real price...\nIs this just cryptocy...\nCought in an Alt slide... \nNo escape from down-trendity.. \nHopium your mind.. \nLook up to those charts and seeeee...\nIm just a poor boy...\ni need some stability.. \nAnd Not just easy come, easy go, \nBuying high, selling low.. \nAny way the trend blows, doesn't really matter to meeeee, to meee :)\n\nMomaaa...", '10eztz3'], ['u/fistingbythepool', 18, '2023-01-18 12:30', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4uoh84/', 'Your gut is talking out its colon', '10eztz3'], ['u/Bad_Camel', 16, '2023-01-18 12:32', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4uopd0/', 'You missed the bottom..', '10eztz3'], ['u/Cartographer345', 14, '2023-01-18 12:35', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4uowty/', "“I wish there was a way to know you're in the good old days before you've actually left them.”\n\nEnjoy it fellas. Times may look bleak right now but trust me this is part of the cycle where you can actually change your life. Yes Bitcoin will bounce back and that’s what we’re all here for. However, with that comes less opportunity to accumulate, more casuals in here, and unoriginal memes. We’ll be looking back on these discounts in one year with rose colored glasses.", '10eztz3'], ['u/sonicode', 18, '2023-01-18 13:22', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4uta20/', 'The pump that started January 3, 2009? Forever.', '10eztz3'], ['u/EDC86', 12, '2023-01-18 15:27', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4v88kf/', 'Bitty woke up today and chose violence.', '10eztz3'], ['u/diegolefox', 12, '2023-01-18 17:42', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4vst1e/', 'As is tradition I bought a lump sum and then it dumped, your welcome fellas', '10eztz3'], ['u/PheelGoodInc', 10, '2023-01-18 18:39', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4w22h6/', 'DOJ announcement effects almost none of the space. BTC will regain 21k today. Mark my words', '10eztz3'], ['u/eeddeedde', 10, '2023-01-18 18:43', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4w2she/', 'I wonder what the point of the drama was. They spooked the market on purpose it seems', '10eztz3'], ['u/basedisciple', 11, '2023-01-18 21:20', 'https://www.reddit.com/r/Bitcoin/comments/10eztz3/daily_discussion_january_18_2023/j4wsbyi/', 'I dont care, Imma keep stacking', '10eztz3']]], ['u/DatBuridansAss', 'After 10 years of telling my dad about Bitcoin he just texted out of the blue today asking how to buy. Wtf', 87, '2023-01-18 07:19', 'https://www.reddit.com/r/Bitcoin/comments/10f04s0/after_10_years_of_telling_my_dad_about_bitcoin_he/', 'My dad is 70 years old next year, and normie as fuck in most respects. He gets his news from the AOL homepage etc. \n\nHe\'s always lightly mocked Bitcoin. For example, he calls any scam or fake money or monopoly money "Bitcoin". He doesn\'t know what Ethereum is. He doesn\'t get that there\'s a huge "crypto" market, but that Bitcoin is categorically different. So he has a vague notion that "oh crypto that must be the Bitcoin thing my adult sons keep talking about. I see, it\'s a scam." Keep in mind, it\'s not like I always talk about it. I rarely do, actually. It\'s just that I\'ve been interested in it since like 2013, so he\'s aware that I like Bitcoin. \n\nAnyway he was an accountant for 30 years before retiring, so I decided to give him Nic Bhatia\'s book "Layered Money" about a year ago. I figured it was a less bombastic and more academic presentation style than The Bitcoin Standard. I think he\'s making his way through it slowly. But he happened to come visit me last month, and we got to talking about some stuff. I finally asked if he owned any Bitcoin, and he said no. So I told him today\'s the day and I had him download muun, and I sent him $5. \n\nThat was in early December, and now that we\'ve gone on this little run, I think it\'s demonstrated some of the appeal. NGU technology is a hell of a dopamine hit. \n\nSo anyway today he texted out of the blue and said "I want to add to my Bitcoin fraction. How do I do that?" So I directed him to strike. A shocking turn of events. \n\nTLDR, if you want to orange pill people, you can talk their ear off, but there\'s nothing quite giving a couple thousand sats to someone to actually experience the magic.', 'https://www.reddit.com/r/Bitcoin/comments/10f04s0/after_10_years_of_telling_my_dad_about_bitcoin_he/', '10f04s0', [['u/Bitcoin_Maximalist', 14, '2023-01-18 08:57', 'https://www.reddit.com/r/Bitcoin/comments/10f04s0/after_10_years_of_telling_my_dad_about_bitcoin_he/j4u8she/', '>AOL homepage\n\n> You´ve got mail!', '10f04s0'], ['u/sebikun', 42, '2023-01-18 12:03', 'https://www.reddit.com/r/Bitcoin/comments/10f04s0/after_10_years_of_telling_my_dad_about_bitcoin_he/j4um8fv/', "Fuck it's time to sell guys /s", '10f04s0'], ['u/Electronic_Permit300', 10, '2023-01-18 12:53', 'https://www.reddit.com/r/Bitcoin/comments/10f04s0/after_10_years_of_telling_my_dad_about_bitcoin_he/j4uqk2w/', "OP's dad is Jim Cramer. Down we go!", '10f04s0'], ['u/entilfeldigfyr69', 16, '2023-01-18 13:55', 'https://www.reddit.com/r/Bitcoin/comments/10f04s0/after_10_years_of_telling_my_dad_about_bitcoin_he/j4uwrvm/', 'I guess we just hit the top guys. Time to short BTC.', '10f04s0']]], ['u/waytoomanyaccountz', 'What is holding the price up?!', 16, '2023-01-18 08:00', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/', 'I thought after FTX that Bitcoin was headed to zero. Does anyone know what is keeping the price steady (and rising)? It has to be something artificial, or maybe I am wrong?', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/', '10f0uh7', [['u/ash_hashtag', 13, '2023-01-18 08:09', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/j4u501t/', 'Probably because more people are storing them in cold wallets now after ftx brought some awareness about exchanges. So maybe less circulation of bitcoin, creating demand', '10f0uh7'], ['u/SaltyPockets', 27, '2023-01-18 08:50', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/j4u8831/', "It's wednesday? Someone remembered to switch on the wash-trading bots?\n\nWho knows. I've seen theories from BUSD printing to a short-squeeze, but in the BTC market it's never clear and it doesn't necessarily mean a lot ... :shrug:", '10f0uh7'], ['u/21-10-25', 14, '2023-01-18 12:04', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/j4umdkr/', '>I thought after FTX that Bitcoin was headed to zero.\n\nMuch to learn you still have my young padawan\n\n>Does anyone know what is keeping the price steady (and rising)?\n\nFraud, lots and lots of fraud', '10f0uh7'], ['u/IndyJohn2010', 13, '2023-01-18 13:04', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/j4urkth/', 'That would no create demand — it would limit supply', '10f0uh7'], ['u/keyisready', 13, '2023-01-18 13:10', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/j4us3lj/', 'Nothing but wash trading bots. Same as it ever was. It\'s not like the market suddenly shifted and there\'s a demand for the digital bits (that do not do anything). \n\nThat\'s the whole problem with people saying that the "fundamentals are sound". Usually when a stock price begins to creep up, you find some type of reasonable action somewhere to justify the reaction (product release, product popularity, new marketplace adoption, etc)', '10f0uh7'], ['u/WeilWood', 19, '2023-01-18 14:32', 'https://www.reddit.com/r/Buttcoin/comments/10f0uh7/what_is_holding_the_price_up/j4v100y/', "Less Supply = Less Supply, it does not effect demand, it does move where on a supply/demand chart the lines intersect, creating a higher price. Not trying to be a dick here, but your seeming to want to get technical, and your just technically wrong on this one. (Pardon any typos, I'm typing from my phone while home sick)", '10f0uh7']]], ['u/Any-Assignment6022', 'A cautious warning - FTX could still dump up to $3.3 billion worth of tokens on the market.', 88, '2023-01-18 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/10f1ik4/a_cautious_warning_ftx_could_still_dump_up_to_33/', 'A cautious warning - FTX could still dump up to $3.3 billion worth of tokens on the market.\n\nAccording to the tweet below FTX could still liquidate up to $3.3 billion worth of assets.\n\nThe list of major tokens:\n\nSOL - $685 million\nFTT - $529 million\nBTC - $268 million\nETH - $90 million\nAPT - $67 million\nDOGE - $42 million\nMATIC - $39 million\nBIT - $35 million\nTON - $31 million\nXRP - $29 million\nStable coins - $245 million\nMixed others - $1.3 ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. More recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year. New York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website. (Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday.\nThe crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players.\n"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement.\nThe development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year.\nMore recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year.\nNew York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies.\nThe company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.\n(Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday.\nThe crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players.\n"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement.\nThe development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year.\nMore recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year.\nNew York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies.\nThe company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.\n(Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. More recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year. New York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website. (Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether spend their Wednesday in the red.\nInsights:Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM).\nCoinDesk Market Index (CMI)\n1,004.63\n−4.3▼0.4%\nBitcoin (BTC)\n$20,868\n−64.2▼0.3%\nEthereum (ETH)\n$1,554\n+5.7▲0.4%\nS&P 500 daily close\n3,999.09\n+15.9▲0.4%\nGold\n$1,920\n+1.9▲0.1%\nTreasury Yield 10 Years\n3.51%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nThe Market Goes to the Doges\nBy Sam Reynolds\nBitcoin and ether are beginning the business day in Asia well into the red.\nThe world’s largest digital asset is down 2% on-day, while ether is down 3.2%.\nLayer-1 Solana, which began the year with asharp rallythanks to the success of Shiba Inu-themed Bonk,is down nearly 8.5% on-day.\nThere’s been some debate as to the driver of the rally. While the market is in a meme coin mood,there is a deeper debate about the brewing storm in Washingtonand what it means for risk assets like crypto.\n"In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. “Any risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we\'re seeing (expressed in higher crypto prices) is this use case bearing itself out.”\nGiles Coghlan, Chief Market Analyst at HYCM, told CoinDesk that the correlation between crypto and tech stocks continues, and that’s the factor to watch going forward.\n“Tech stocks have rallied on the assumption that U.S. inflation is retreating and that short-term interest rate market predictions of two Federal Reserve rate cuts this year are correct. We can see a similar recovery in the crypto markets,” he told CoinDesk, dismissing any connection between the debt ceiling debate and the crypto rally. “Ultimately, the crypto rally should continue as long as tech stocks stage their recovery. However, as all eyes turn to earnings season, things could change quickly.”\nStill, blockchain analytics firmSantiment wrote in a notethat rallies of DOGE and other dog-themed meme coins are a contrarian indicator of the market’s health. When these prices skyrocket it means the market has gotten too hot and hedonistic.\n"Every time that [the] price of DOGE starts rising rapidly, there\'s a market-wide crash following just moments later," the firm wrote.\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221211.0%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22129.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platform"}]\nWhere Are FTX\'s Illiquid Holdings?\nBy Sam Reynolds\nA court filing has revealed some ofFTX’s largest liquid holdings, which are largely to be expected: solana, bitcoin, ether, aptos and dogecoin. These are widely held tokens that, for the most part, would be found on the balance sheet of any major exchange.\nBut what about the illiquid holdings? These aren’t exactly household names, but were tokens in the Sam Bankman-Fried-Alameda universe that failed to launch. A good portion of them can be found on the balance sheet of funds including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors.\nTake, for instance, Serum. InApril 2021, when Bankman-Fried and FTX were peaking, people couldn’t get enough of the Solana-based decentralized exchange (DEX), and the SRM tokentouched a record high of$13.74 during the bull market that extended into late 2021.\nNow, the SRM token lacks liquidity asBinance delistedsome of its most liquid trading pairs (it still allows BUSD-SRM trading) and the +2% depth on the remaining exchanges tops at just over $100,000. Because of this, any sizable position of SRM being unloaded couldn’t be absorbed by the market.\nThere’s also Oxygen, FIDA and JET, all of which are other pieces of the Solana trading infrastructure equation.\nAnd all three have the same problem: no liquidity. Oxygen hasless than $200,000 of trading volumeand +2% bid depths of less than $1000. JET hasdepth in the hundreds of dollarsand no listings on any major DEX or centralized exchange.\nAs CoinDesk reported previously, some of these tokens are locked up at FTX.Maps.meand Oxygenhave over 90% of their supply locked up at FTX.\nThere is one other place you can find these tokens: on the balance sheets of venture capital firms in which FTX has invested.\nFTXhas close ties with Sino Global Capital, which is noted on the venture investments slide of the filing. On Sino’s balance are many of these same tokens.\nFTX-invested Multicoin capitalalso counts SRM and OXY on its balance sheet.\nThe only good news is that their exposure is probably small. FTX,by some calculations, owns nearly 99% of OXY and SRM.\n(So much for decentralization.)\nMulticoin,as CoinDesk had previously reported, is stuck with the double whammy of not just having illiquid Sam coins like OXY and SRM on its balance sheet but also having 10% of its assets stuck on FTX.\nTheU.S. Securities and Exchange Commission is already looking intothe due diligence process – or lack thereof – FTX investors engaged in.\nNo doubt some of these tokens will also come up in the investigation, and later we’ll learn more about why otherwise shrewd VC firms aped into tokens whose selling point was largely Sam Bankman-Fried.\nLet’s hope that these VCs take this as a lesson, so they don’t get stuck with another illiquid bag of tokens when the next bull market cycle cracks.\nWorld Economic Forum\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Employment Change s.a. (Dec)\n6:30 p.m. HKT/SGT(10:30 UTC)The European Central Bank\'s President Lagarde speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDCG Suspends Dividends Until Further Notice; Anthony Scaramucci on FTX Fallout, Bitcoin Outlook\n"First Mover" was live at the World Economic Forum in Davos, Switzerland, covering the latest crypto market developments. Digital Currency Group has informed its shareholders it is pausing dividends. DCG is the parent company of CoinDesk. Guests included SkyBridge Capital founder Anthony Scaramucci, World Economic Forum\'s head of blockchain and digital assets Brynly Llyr, the Digital Dollar Project\'s Jennifer Lassiter, Ripple senior vice president of global customer success Brooks Entwistle, and Standard Bank Group\'s Ian Putter.\nLido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama:Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.\nCrypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing, Reports:The collapse of FTX in late 2022 may have been the final straw for the CoinDesk sister company, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.\nUS Charges Crypto Exchange Bitzlato With Laundering $700M:Authorities have accused the little-known platform of laundering funds tied to illicit Russian finance and have arrested its founder.\nDigital Dollar Project Warns on US Cautious Approach to CBDCs:The DDP\'s white paper called the U.S. approach to CBDCs an "unsustainable position."\nConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over \'Ridiculous\' CeFi:A total of 97 employees, or 11% of the workforce, will be affected, according to a blog post by the CEO.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether spend their Wednesday in the red.\nInsights:Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM).\nCoinDesk Market Index (CMI)\n1,004.63\n−4.3▼0.4%\nBitcoin (BTC)\n$20,868\n−64.2▼0.3%\nEthereum (ETH)\n$1,554\n+5.7▲0.4%\nS&P 500 daily close\n3,999.09\n+15.9▲0.4%\nGold\n$1,920\n+1.9▲0.1%\nTreasury Yield 10 Years\n3.51%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nThe Market Goes to the Doges\nBy Sam Reynolds\nBitcoin and ether are beginning the business day in Asia well into the red.\nThe world’s largest digital asset is down 2% on-day, while ether is down 3.2%.\nLayer-1 Solana, which began the year with asharp rallythanks to the success of Shiba Inu-themed Bonk,is down nearly 8.5% on-day.\nThere’s been some debate as to the driver of the rally. While the market is in a meme coin mood,there is a deeper debate about the brewing storm in Washingtonand what it means for risk assets like crypto.\n"In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. “Any risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we\'re seeing (expressed in higher crypto prices) is this use case bearing itself out.”\nGiles Coghlan, Chief Market Analyst at HYCM, told CoinDesk that the correlation between crypto and tech stocks continues, and that’s the factor to watch going forward.\n“Tech stocks have rallied on the assumption that U.S. inflation is retreating and that short-term interest rate market predictions of two Federal Reserve rate cuts this year are correct. We can see a similar recovery in the crypto markets,” he told CoinDesk, dismissing any connection between the debt ceiling debate and the crypto rally. “Ultimately, the crypto rally should continue as long as tech stocks stage their recovery. However, as all eyes turn to earnings season, things could change quickly.”\nStill, blockchain analytics firmSantiment wrote in a notethat rallies of DOGE and other dog-themed meme coins are a contrarian indicator of the market’s health. When these prices skyrocket it means the market has gotten too hot and hedonistic.\n"Every time that [the] price of DOGE starts rising rapidly, there\'s a market-wide crash following just moments later," the firm wrote.\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221211.0%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22129.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platform"}]\nWhere Are FTX\'s Illiquid Holdings?\nBy Sam Reynolds\nA court filing has revealed some ofFTX’s largest liquid holdings, which are largely to be expected: solana, bitcoin, ether, aptos and dogecoin. These are widely held tokens that, for the most part, would be found on the balance sheet of any major exchange.\nBut what about the illiquid holdings? These aren’t exactly household names, but were tokens in the Sam Bankman-Fried-Alameda universe that failed to launch. A good portion of them can be found on the balance sheet of funds including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors.\nTake, for instance, Serum. InApril 2021, when Bankman-Fried and FTX were peaking, people couldn’t get enough of the Solana-based decentralized exchange (DEX), and the SRM tokentouched a record high of$13.74 during the bull market that extended into late 2021.\nNow, the SRM token lacks liquidity asBinance delistedsome of its most liquid trading pairs (it still allows BUSD-SRM trading) and the +2% depth on the remaining exchanges tops at just over $100,000. Because of this, any sizable position of SRM being unloaded couldn’t be absorbed by the market.\nThere’s also Oxygen, FIDA and JET, all of which are other pieces of the Solana trading infrastructure equation.\nAnd all three have the same problem: no liquidity. Oxygen hasless than $200,000 of trading volumeand +2% bid depths of less than $1000. JET hasdepth in the hundreds of dollarsand no listings on any major DEX or centralized exchange.\nAs CoinDesk reported previously, some of these tokens are locked up at FTX.Maps.meand Oxygenhave over 90% of their supply locked up at FTX.\nThere is one other place you can find these tokens: on the balance sheets of venture capital firms in which FTX has invested.\nFTXhas close ties with Sino Global Capital, which is noted on the venture investments slide of the filing. On Sino’s balance are many of these same tokens.\nFTX-invested Multicoin capitalalso counts SRM and OXY on its balance sheet.\nThe only good news is that their exposure is probably small. FTX,by some calculations, owns nearly 99% of OXY and SRM.\n(So much for decentralization.)\nMulticoin,as CoinDesk had previously reported, is stuck with the double whammy of not just having illiquid Sam coins like OXY and SRM on its balance sheet but also having 10% of its assets stuck on FTX.\nTheU.S. Securities and Exchange Commission is already looking intothe due diligence process – or lack thereof – FTX investors engaged in.\nNo doubt some of these tokens will also come up in the investigation, and later we’ll learn more about why otherwise shrewd VC firms aped into tokens whose selling point was largely Sam Bankman-Fried.\nLet’s hope that these VCs take this as a lesson, so they don’t get stuck with another illiquid bag of tokens when the next bull market cycle cracks.\nWorld Economic Forum\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Employment Change s.a. (Dec)\n6:30 p.m. HKT/SGT(10:30 UTC)The European Central Bank\'s President Lagarde speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDCG Suspends Dividends Until Further Notice; Anthony Scaramucci on FTX Fallout, Bitcoin Outlook\n"First Mover" was live at the World Economic Forum in Davos, Switzerland, covering the latest crypto market developments. Digital Currency Group has informed its shareholders it is pausing dividends. DCG is the parent company of CoinDesk. Guests included SkyBridge Capital founder Anthony Scaramucci, World Economic Forum\'s head of blockchain and digital assets Brynly Llyr, the Digital Dollar Project\'s Jennifer Lassiter, Ripple senior vice president of global customer success Brooks Entwistle, and Standard Bank Group\'s Ian Putter.\nLido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama:Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.\nCrypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing, Reports:The collapse of FTX in late 2022 may have been the final straw for the CoinDesk sister company, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.\nUS Charges Crypto Exchange Bitzlato With Laundering $700M:Authorities have accused the little-known platform of laundering funds tied to illicit Russian finance and have arrested its founder.\nDigital Dollar Project Warns on US Cautious Approach to CBDCs:The DDP\'s white paper called the U.S. approach to CBDCs an "unsustainable position."\nConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over \'Ridiculous\' CeFi:A total of 97 employees, or 11% of the workforce, will be affected, according to a blog post by the CEO.', 'Good morning. Here’s what’s happening: Prices: Bitcoin and ether spend their Wednesday in the red. Insights: Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM). Prices CoinDesk Market Index (CMI) 1,004.63 −4.3 ▼ 0.4% Bitcoin (BTC) $20,868 −64.2 ▼ 0.3% Ethereum (ETH) $1,554 +5.7 ▲ 0.4% S&P 500 daily close 3,999.09 +15.9 ▲ 0.4% Gold $1,920 +1.9 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET The Market Goes to the Doges By Sam Reynolds Bitcoin and ether are beginning the business day in Asia well into the red. The world’s largest digital asset is down 2% on-day, while ether is down 3.2%. Layer-1 Solana, which began the year with a sharp rally thanks to the success of Shiba Inu-themed Bonk, is down nearly 8.5% on-day . There’s been some debate as to the driver of the rally. While the market is in a meme coin mood, there is a deeper debate about the brewing storm in Washington and what it means for risk assets like crypto. "In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. “Any risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we\'re seeing (expressed in higher crypto prices) is this use case bearing itself out.” Giles Coghlan, Chief Market Analyst at HYCM, told CoinDesk that the correlation between crypto and tech stocks continues, and that’s the factor to watch going forward. “Tech stocks have rallied on the assumption that U.S. inflation is retreating and that short-term interest rate market predictions of two Federal Reserve rate cuts this year are correct. We can see a similar recovery in the crypto markets,” he told CoinDesk, dismissing any connection between the debt ceiling debate and the crypto rally. “Ultimately, the crypto rally should continue as long as tech stocks stage their recovery. However, as all eyes turn to earnings season, things could change quickly.” Story continues Still, blockchain analytics firm Santiment wrote in a note that rallies of DOGE and other dog-themed meme coins are a contrarian indicator of the market’s health. When these prices skyrocket it means the market has gotten too hot and hedonistic. "Every time that [the] price of DOGE starts rising rapidly, there\'s a market-wide crash following just moments later," the firm wrote. Biggest Gainers Asset Ticker Returns DACS Sector Shiba Inu SHIB +2.6% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −11.0% Entertainment Loopring LRC −9.7% Smart Contract Platform Terra LUNA −9.5% Smart Contract Platform Insights Where Are FTX\'s Illiquid Holdings? By Sam Reynolds A court filing has revealed some of FTX’s largest liquid holdings , which are largely to be expected: solana, bitcoin, ether, aptos and dogecoin. These are widely held tokens that, for the most part, would be found on the balance sheet of any major exchange. But what about the illiquid holdings? These aren’t exactly household names, but were tokens in the Sam Bankman-Fried-Alameda universe that failed to launch. A good portion of them can be found on the balance sheet of funds including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors. FTX\'s Illiquid Tokens (Sullivan & Cromwell, Alvarez & Marsal North America and Perella Weinberg Partners) Take, for instance, Serum. In April 2021 , when Bankman-Fried and FTX were peaking, people couldn’t get enough of the Solana-based decentralized exchange (DEX), and the SRM token touched a record high of $13.74 during the bull market that extended into late 2021. Now, the SRM token lacks liquidity as Binance delisted some of its most liquid trading pairs (it still allows BUSD-SRM trading) and the +2% depth on the remaining exchanges tops at just over $100,000. Because of this, any sizable position of SRM being unloaded couldn’t be absorbed by the market. There’s also Oxygen, FIDA and JET, all of which are other pieces of the Solana trading infrastructure equation. And all three have the same problem: no liquidity. Oxygen has less than $200,000 of trading volume and +2% bid depths of less than $1000. JET has depth in the hundreds of dollars and no listings on any major DEX or centralized exchange. As CoinDesk reported previously, some of these tokens are locked up at FTX. Maps.me and Oxygen have over 90% of their supply locked up at FTX . There is one other place you can find these tokens: on the balance sheets of venture capital firms in which FTX has invested. (Sullivan & Cromwell, Alvarez & Marsal North America and Perella Weinberg Partners) FTX has close ties with Sino Global Capital , which is noted on the venture investments slide of the filing. On Sino’s balance are many of these same tokens. FTX-invested Multicoin capital also counts SRM and OXY on its balance sheet. (Multicoin Capital) The only good news is that their exposure is probably small. FTX, by some calculations , owns nearly 99% of OXY and SRM. (So much for decentralization.) Multicoin, as CoinDesk had previously reported , is stuck with the double whammy of not just having illiquid Sam coins like OXY and SRM on its balance sheet but also having 10% of its assets stuck on FTX. The U.S. Securities and Exchange Commission is already looking into the due diligence process – or lack thereof – FTX investors engaged in. No doubt some of these tokens will also come up in the investigation, and later we’ll learn more about why otherwise shrewd VC firms aped into tokens whose selling point was largely Sam Bankman-Fried. Let’s hope that these VCs take this as a lesson, so they don’t get stuck with another illiquid bag of tokens when the next bull market cycle cracks. Important events World Economic Forum 8:30 a.m. HKT/SGT(00:30 UTC) Australia Employment Change s.a. (Dec) 6:30 p.m. HKT/SGT(10:30 UTC) The European Central Bank\'s President Lagarde speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : DCG Suspends Dividends Until Further Notice; Anthony Scaramucci on FTX Fallout, Bitcoin Outlook "First Mover" was live at the World Economic Forum in Davos, Switzerland, covering the latest crypto market developments. Digital Currency Group has informed its shareholders it is pausing dividends. DCG is the parent company of CoinDesk. Guests included SkyBridge Capital founder Anthony Scaramucci, World Economic Forum\'s head of blockchain and digital assets Brynly Llyr, the Digital Dollar Project\'s Jennifer Lassiter, Ripple senior vice president of global customer success Brooks Entwistle, and Standard Bank Group\'s Ian Putter. Headlines Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama: Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space. Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing, Reports: The collapse of FTX in late 2022 may have been the final straw for the CoinDesk sister company, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital. US Charges Crypto Exchange Bitzlato With Laundering $700M: Authorities have accused the little-known platform of laundering funds tied to illicit Russian finance and have arrested its founder. Digital Dollar Project Warns on US Cautious Approach to CBDCs: The DDP\'s white paper called the U.S. approach to CBDCs an "unsustainable position." ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over \'Ridiculous\' CeFi: A total of 97 employees, or 11% of the workforce, will be affected, according to a blog post by the CEO.', 'Bitcoin and Ether fell Thursday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates. Prices also lost ground overnight after the U.S. said it would take what it called “a major, international cryptocurrency enforcement action.” This turned out to involve the relatively market-underwhelming arrest of the Russian owner of Hong Kong-registered exchange Bitzlato Ltd., but prices didn’t recover.\nSee related article:Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector\n• Bitcoin fell 2.2% to US$20,686 in the 24 hours to 8 a.m. in Hong Kong, though it is still up 18.6% over the past calendar week. Ether lost 3.4% to US$1,514 to cut its gains for the same week to 9.1%, according todata from CoinMarketCap.\n• Memecoin Shiba Inu jumped 6.2% to US$0.0000112, the only token in CoinMarketCap’s top 10 list by capitalization to rise, bringing its weekly gains to 22.4%. This momentum comes as investors await the release of theEthereum-based layer 2 network Shibariumin coming weeks.\n• Solana fell 9% to US$27.16, posting the biggest losses in CoinMarketCap’s list, but it remains up 27.2% for the week and one of the best-performing tokens for 2023.\n• Polygon fell 5.5% to US$0.94, and Cardano lost 5.4% to US$0.32, in the second and third biggest losses after Solana.\n• The total crypto market capitalization over the 24 hours fell 2.4% to US$968.1 billion, while trading volume rose 28.5% to US$61.6 billion.\n• The U.S. Justice Department said it was charging Bitzlato Ltd. with money laundering related to US$700 million in cryptocurrencies and arrested its founder, Anatoly Legkodymov, in Miami. “Whether you break our laws from China or Europe or abuse our financial system from a tropical island — you can expect to answer for your crimes inside a United States courtroom,” Deputy Attorney General Lisa Monaco said at a news conference at the Justice Department, according to a Reuters report.\n• U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 1.8%, the S&P 500 slipped 1.6% and the Nasdaq Composite Index closed the day 1.2% lower. The declines came as theU.S. Commerce Departmentsaid retail sales fell 1.1% in December, matching the largest drop in a year, and surpassing the 0.8% decline economists had predicted to add to recession worries.\n• On top of this, St. Louis Federal ReservePresident James Bullard said the Fedshould not “stall” on raising interest rates to combat inflation until they are above 5%.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The next Fed meeting is Jan. 31 to Feb. 1, with analysts at the CME Group predicting a 94.2% chance of an increase of 25 basis points.\nSee related article:FTX says US$415 mln in crypto hacked since bankruptcy filing', 'Bitcoin and Ether fell Thursday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates. Prices also lost ground overnight after the U.S. said it would take what it called “a major, international cryptocurrency enforcement action.” This turned out to involve the relatively market-underwhelming arrest of the Russian owner of Hong Kong-registered exchange Bitzlato Ltd., but prices didn’t recover.\nSee related article:Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector\n• Bitcoin fell 2.2% to US$20,686 in the 24 hours to 8 a.m. in Hong Kong, though it is still up 18.6% over the past calendar week. Ether lost 3.4% to US$1,514 to cut its gains for the same week to 9.1%, according todata from CoinMarketCap.\n• Memecoin Shiba Inu jumped 6.2% to US$0.0000112, the only token in CoinMarketCap’s top 10 list by capitalization to rise, bringing its weekly gains to 22.4%. This momentum comes as investors await the release of theEthereum-based layer 2 network Shibariumin coming weeks.\n• Solana fell 9% to US$27.16, posting the biggest losses in CoinMarketCap’s list, but it remains up 27.2% for the week and one of the best-performing tokens for 2023.\n• Polygon fell 5.5% to US$0.94, and Cardano lost 5.4% to US$0.32, in the second and third biggest losses after Solana.\n• The total crypto market capitalization over the 24 hours fell 2.4% to US$968.1 billion, while trading volume rose 28.5% to US$61.6 billion.\n• The U.S. Justice Department said it was charging Bitzlato Ltd. with money laundering related to US$700 million in cryptocurrencies and arrested its founder, Anatoly Legkodymov, in Miami. “Whether you break our laws from China or Europe or abuse our financial system from a tropical island — you can expect to answer for your crimes inside a United States courtroom,” Deputy Attorney General Lisa Monaco said at a news conference at the Justice Department, according to a Reuters report.\n• U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 1.8%, the S&P 500 slipped 1.6% and the Nasdaq Composite Index closed the day 1.2% lower. The declines came as theU.S. Commerce Departmentsaid retail sales fell 1.1% in December, matching the largest drop in a year, and surpassing the 0.8% decline economists had predicted to add to recession worries.\n• On top of this, St. Louis Federal ReservePresident James Bullard said the Fedshould not “stall” on raising interest rates to combat inflation until they are above 5%.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The next Fed meeting is Jan. 31 to Feb. 1, with analysts at the CME Group predicting a 94.2% chance of an increase of 25 basis points.\nSee related article:FTX says US$415 mln in crypto hacked since bankruptcy filing', 'Bitcoin and Ether fell Thursday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates. Prices also lost ground overnight after the U.S. said it would take what it called “a major, international cryptocurrency enforcement action.” This turned out to involve the relatively market-underwhelming arrest of the Russian owner of Hong Kong-registered exchange Bitzlato Ltd., but prices didn’t recover. See related article: Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector Fast facts Bitcoin fell 2.2% to US$20,686 in the 24 hours to 8 a.m. in Hong Kong, though it is still up 18.6% over the past calendar week. Ether lost 3.4% to US$1,514 to cut its gains for the same week to 9.1%, according to data from CoinMarketCap . Memecoin Shiba Inu jumped 6.2% to US$0.0000112, the only token in CoinMarketCap’s top 10 list by capitalization to rise, bringing its weekly gains to 22.4%. This momentum comes as investors await the release of the Ethereum-based layer 2 network Shibarium in coming weeks. Solana fell 9% to US$27.16, posting the biggest losses in CoinMarketCap’s list, but it remains up 27.2% for the week and one of the best-performing tokens for 2023. Polygon fell 5.5% to US$0.94, and Cardano lost 5.4% to US$0.32, in the second and third biggest losses after Solana. The total crypto market capitalization over the 24 hours fell 2.4% to US$968.1 billion, while trading volume rose 28.5% to US$61.6 billion. The U.S. Justice Department said it was charging Bitzlato Ltd. with money laundering related to US$700 million in cryptocurrencies and arrested its founder, Anatoly Legkodymov, in Miami. “Whether you break our laws from China or Europe or abuse our financial system from a tropical island — you can expect to answer for your crimes inside a United States courtroom,” Deputy Attorney General Lisa Monaco said at a news conference at the Justice Department, according to a Reuters report. U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 1.8%, the S&P 500 slipped 1.6% and the Nasdaq Composite Index closed the day 1.2% lower. The declines came as the U.S. Commerce Department said retail sales fell 1.1% in December, matching the largest drop in a year, and surpassing the 0.8% decline economists had predicted to add to recession worries. On top of this, St. Louis Federal Reserve President James Bullard said the Fed should not “stall” on raising interest rates to combat inflation until they are above 5%. Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The next Fed meeting is Jan. 31 to Feb. 1, with analysts at the CME Group predicting a 94.2% chance of an increase of 25 basis points. See related article: FTX says US$415 mln in crypto hacked since bankruptcy filing View comments', 'When there is a crash on the track, drive through the smoke! There is a very small chance you’d know this is a quote from the 1990’s American sports action film, “Days of Thunder,” which featured Tom Cruise in the driver’s seat. What does a Nascar racing movie have in common with what crypto is experiencing these days? More than you think. Nascar racing cars are not that different from each other, but small details can make a huge difference when it comes to performance. The supporting teams are all experts in their own domains, but slightly better skills can deliver huge efficiency gains during quick pitstops where every nanosecond counts. And while drivers are arguably the stars of the show, it’s their leadership that really pulls the entire operation together to achieve fame and glory. In crypto, all teams are doing laps in the same industry, playing by the same rules, with the goal to reach the finish line before anyone else. Many blockchains or applications are similar at a high level, but small modifications and tweaks create advantages in either scalability, decentralization or security. Developers work around the clock to make those tweaks and fix critical bugs to take market share from competing blockchains. And founders or co-founding teams are the ones that drive the organization with their eyes on the prize. If you’ve ever watched a Nascar race, you’d know collisions happen all the time. And anyone who has been around the block in our industry knows projects that once seemed invincible can collapse suddenly and quite dramatically. After a crash, it’s important that we analyze what caused it and what we can do to prevent it from happening again — or at least figure out how we can reduce the damage. There are two big crashes in Days of Thunder, with two very different outcomes. Approaching the crumpled and destroyed vehicles ahead on the track, the Team Head instructs Tom Cruise to “drive through the smoke.” The first time our hero does this, he ends up in the hospital. The second time around, it leads him to victory. Story continues Crypto has also had two big crashes this year, starting with the Terra-Luna collapse back in May and now the ongoing FTX debacle. During the first crash, everyone was unprepared, inexperienced, and fearful. Many companies had a near-death experience and some didn’t make it through the smoke. Those that survived either treasured the lessons learned and worked on improving their game at every level or they carried on with their same old routine, discounting the chances another black swan event would occur right after the other. Then Celsius lost a tire. BlockFi couldn’t steer clear. Others piled up . And eventually, SBF’s car flipped over and covered the track in a thick cloud of smoke. We’re all still driving through the smoke, and it’s getting dark with no end in sight. Who’s going to clear the smoke and come out unscathed? Which cars will come out with just a few dents? And which ones will crash and burn? We won’t know for sure until it’s over, but looking at the way some companies responded to the first Terra-Luna collapse, we can make an educated guess. What might happen next Centralized exchanges will have a hard time moving forward since they hardly made any material changes following the first crash. Most of them carried on as usual, lending out assets using poor risk management and controls. The few centralized lending platforms that are still around are going through tough times too because they didn’t re-risk sufficiently under the false assumption that a second black swan event wouldn’t follow so soon. Stronger players include blockchain projects that manage their treasury wisely without chasing short-term returns, focusing on development and extending their runway. Independent custodians that prioritize strengthening their core infrastructure to provide a safe harbor for all other players have a good chance as well to come out unscathed. Amidst all the uncertainty, one thing is clear: The combination of strong blockchains and custodians will be leading the race. Where these two overlap is staking. True, on-chain staking supported by the security that only a fully licensed and independent custodian can provide will help the best projects and their dedicated communities to navigate the difficult times ahead and potentially even thrive once the smoke clears. Bitcoin and its proof-of-work model will always be the gold standard in this industry, but proof-of-stake blockchains are likely the ones to thrive as they attract more interest due to native yield features, and as a fertile ground for rapidly expanding developer communities. The role of independent custodians is to provide safe access to parties that want to contribute to these blockchains through staking solutions in a way that guarantees all stakers retain full control over their own assets and private keys. Full transparency of on-chain transactions is the only way forward from this point on. If any staking is done without providing the transaction ID of a successful on-chain delegation to a validator, then it is not true staking but should be considered as a lending solution. And if we as an industry are to learn from our past mistakes, opaque mechanisms that do not verifiably prove where and how your assets are deployed can turn ugly in a heartbeat. The only way through the smoke is on-chain.', 'When there is a crash on the track, drive through the smoke!\nThere is a very small chance you’d know this is a quote from the 1990’s American sports action film, “Days of Thunder,” which featured Tom Cruise in the driver’s seat. What does a Nascar racing movie have in common with what crypto is experiencing these days? More than you think.\nNascar racing cars are not that different from each other, but small details can make a huge difference when it comes to performance. The supporting teams are all experts in their own domains, but slightly better skills can deliver huge efficiency gains during quick pitstops where every nanosecond counts. And while drivers are arguably the stars of the show, it’s their leadership that really pulls the entire operation together to achieve fame and glory.\nIn crypto, all teams are doing laps in the same industry, playing by the same rules, with the goal to reach the finish line before anyone else. Many blockchains or applications are similar at a high level, but small modifications and tweaks create advantages in either scalability, decentralization or security. Developers work around the clock to make those tweaks and fix critical bugs to take market share from competing blockchains. And founders or co-founding teams are the ones that drive the organization with their eyes on the prize.\nIf you’ve ever watched a Nascar race, you’d know collisions happen all the time. And anyone who has been around the block in our industry knows projects that once seemed invincible can collapse suddenly and quite dramatically. After a crash, it’s important that we analyze what caused it and what we can do to prevent it from happening again — or at least figure out how we can reduce the damage.\nThere are two big crashes in Days of Thunder, with two very different outcomes. Approaching the crumpled and destroyed vehicles ahead on the track, the Team Head instructs Tom Cruise to “drive through the smoke.” The first time our hero does this, he ends up in the hospital. The second time around, it leads him to victory.\nCrypto has also had two big crashes this year, starting with the Terra-Luna collapse back in May and now the ongoing FTX debacle. During the first crash, everyone was unprepared, inexperienced, and fearful. Many companies had a near-death experience and some didn’t make it through the smoke. Those that survived either treasured the lessons learned and worked on improving their game at every level or they carried on with their same old routine, discounting the chances another black swan event would occur right after the other.\nThenCelsiuslost a tire.BlockFicouldn’t steer clear.Others piled up. And eventually,SBF’s car flipped overand covered the track in a thick cloud of smoke.\nWe’re all still driving through the smoke, and it’s getting dark with no end in sight. Who’s going to clear the smoke and come out unscathed? Which cars will come out with just a few dents? And which ones will crash and burn? We won’t know for sure until it’s over, but looking at the way some companies responded to the first Terra-Luna collapse, we can make an educated guess.\nCentralized exchanges will have a hard time moving forward since they hardly made any material changes following the first crash. Most of them carried on as usual, lending out assets using poor risk management and controls. The few centralized lending platforms that are still around are going through tough times too because they didn’t re-risk sufficiently under the false assumption that a second black swan event wouldn’t follow so soon.\nStronger players include blockchain projects that manage their treasury wisely without chasing short-term returns, focusing on development and extending their runway. Independent custodians that prioritize strengthening their core infrastructure to provide a safe harbor for all other players have a good chance as well to come out unscathed.\nAmidst all the uncertainty, one thing is clear: The combination of strong blockchains and custodians will be leading the race. Where these two overlap is staking. True, on-chain staking supported by the security that only a fully licensed and independent custodian can provide will help the best projects and their dedicated communities to navigate the difficult times ahead and potentially even thrive once the smoke clears.\nBitcoin and itsproof-of-workmodel will always be the gold standard in this industry, butproof-of-stakeblockchains are likely the ones to thrive as they attract more interest due to native yield features, and as a fertile ground for rapidly expanding developer communities. The role of independent custodians is to provide safe access to parties that want to contribute to these blockchains through staking solutions in a way that guarantees all stakers retain full control over their own assets and private keys.\nFull transparency of on-chain transactions is the only way forward from this point on. If any staking is done without providing the transaction ID of a successful on-chain delegation to a validator, then it is not true staking but should be considered as a lending solution. And if we as an industry are to learn from our past mistakes, opaque mechanisms that do not verifiably prove where and how your assets are deployed can turn ugly in a heartbeat.\nThe only way through the smoke is on-chain.', "Cryptocurrency firm Genesis Global Capital is planning to file for bankruptcy as early as this week, Bloomberg reported today. The bankruptcy filing has been expected since the November fall of the FTX cryptocurrency exchange. Meanwhile, the US Justice Department has announced that Anatoly Legkodymov, the Russian operator of the China-based crypto exchange Bitzlato, has been arrested. Bitzlato was a crypto exchange that allegedly worked with the darknet blackmarket Hydra Market, which dealt in illicit trade and served as a safe haven for ransomware attackers, according to the DOJ. The US Justice Department issued a vague statement on Wednesday that it would “announce a major, international cryptocurrency enforcement action”, and noted that the US Treasury Department would also be making its own statement. The announcement comes at a time when former FTX crypto exchange CEO Sam Bankman-Fried is facing charges of wire fraud, securities fraud, and conspiracy. The DOJ stressed that criminals using the crypto space for scams and other criminal activity should be aware the agency will use “every tool” to crack down on their activities. Mr Bankman-Frie
**Last 60 Days of Bitcoin's Closing Prices:**
[16291.83, 15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-19
**Financial & Commodity Data:**
- Gold Closing Price: $1922.10
- Crude Oil Closing Price: $80.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $401,513,990,250
- Hash Rate: 270951580.07365364
- Transaction Count: 298919.0
- Unique Addresses: 684950.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Binance, the worlds largest crypto exchange by trading volume, endured a wave of withdrawals on Monday amid concerns about its proof of reserve report. Net outflows, the difference between the value of assets arriving and leaving the exchange, hit $902 million in the past 24 hours, according to data by blockchain intelligence platform Nansen . Binances net outflow has surpassed those of all other centralized exchanges in the last 24 hours, and is almost nine times larger than the second largest outflow. Binance endured the largest daily outflow among centralized crypto exchanges. (Nansen) The outflow was the highest for Binance since Nov. 13, two days after FTX filed for bankruptcy protection , according to data provided by blockchain data platform Arkham Intelligence. However, the outflow doesnt seem notably anomalous, an Arkham analyst wrote in a Telegram chat, given that there are ostensibly $64 billions of assets on Binance. Withdrawals rose following a string of concerning news reports about Binance, and as investors have become increasingly cautious about their funds on centralized exchange. The swift collapse of rival exchange FTX, piled on other industry debacles, has prompted other exchanges to prove that they are safeguarding customers assets. Criminal charges against Binance? Binance released a report by auditing firm Mazars last week claiming that its bitcoin ( BTC ) reserves are overcollateralized. Industry experts and recent reports flayed the document for its narrow scope, and on Monday, Reuters reported that U.S. prosecutors are mulling criminal charges for possible money laundering against Binance and its executives, including CEO Changpeng Zhao. Binance didnt reply to a request for comment. Zhao urged his followers on Twitter to ignore the FUD crypto slang for spreading fear, uncertainty and doubt in a tweet . Read more: Binance Suspends Account of Customer for Being Unreasonable Blockchain data shows that large crypto market makers Jump Trading and Wintermute were among those moving sizable funds from Binance in the past seven days. Story continues Jump Trading appears to be the largest entity withdrawing from Binance, Nansen analyst Andrew Thurman wrote in a tweet . Net withdrawals from the exchange by crypto wallets associated with Jump reached $146 million of digital assets through the past seven days, data compiled by Nansen shows. Jump has net outflows from Binance in excess of $146 million on the week, and no inflows If Binance books look like they're completely drained of all liquidity, the exit of possibly the largest MM is probably a good reason why Source: https://t.co/aasol67vsX https://t.co/GbeXfXqwce pic.twitter.com/yLYXgBEsSW Andrew T (@Blockanalia) December 12, 2022 Jumps net withdrawals include $102 million in Binance USD ( BUSD ), the exchanges stablecoin issued by Paxos; $14 million of Tethers USDT ; and $10 million of ether ( ETH ). Jump redeemed some $30 million of Binance USD ( BUSD ) from Paxos a few hours ago, per blockchain data from Arkham. One of Jump Tradings crypto wallet transferred a total of $30 million of BUSD to the issuer Paxos in three separate transactions. (Arkham Intelligence) Wintermute, another significant crypto market maker, withdrew $8.5 million of wrapped bitcoin (wBTC) and $5.5 million of Circles USDC stablecoin. At the time of publication, Jump Trading and Wintermute had not responded to CoinDesk requests for comment. Wintermute acknowledged in a tweet on Nov. 9 that some funds remained on Sam Bankman-Frieds crypto exchange FTX, which imploded last month in spectacular fashion. Jump Trading tweeted on Nov 12. that the firm remained well-capitalized, but didnt specify losses or capital exposure to FTX....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of January 2023 for its open-end exchange traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is January 26, 2023, with the exception of Purpose Bitcoin Yield ETF, Purpose Ether Yield ETF, Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of January 27, 2023. The ex-distribution date for all closed-end funds is January 30, 2023.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionpershare/unit": "$0.10501", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionpershare/unit": "$0.06901", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionpershare/unit": "$0.05201", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionpershare/unit": "$0.07201", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionpershare/unit": "$0.08301", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionpershare/unit": "$0.08301", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "TickerSymbol": "PYF.U", "Distributionpershare/unit": "US $ 0.08851", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionpershare/unit": "$0.08851", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionpershare/unit": "$0.10251", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionpershare/unit": "$0.05401", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionpershare/unit": "$0.11811", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionpershare/unit": "$0.0780", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD", "Distributionpershare/unit": "$0.0650", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "PUD.B", "Distributionpershare/unit": "$0.0760", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "TickerSymbol": "BND", "Distributionpershare/unit": "$0.0665", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings Fund \\u2013 ETF Units", "TickerSymbol": "PSA", "Distributionpershare/unit": "$0.1710", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "TickerSymbol": "PSU.U", "Distributionpershare/unit": "US$ 0.3358", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "TickerSymbol": "SYLD", "Distributionpershare/unit": "$0.0970", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "TickerSymbol": "PINC", "Distributionpershare/unit": "$0.0840", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "TickerSymbol": "IGB", "Distributionpershare/unit": "$0.06781", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPS", "Distributionpershare/unit": "$0.0950", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "TickerSymbol": "RDE", "Distributionpershare/unit": "$0.08001", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPU", "Distributionpershare/unit": "$0.0940", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "TickerSymbol": "RPU.B / RPU.U", "Distributionpershare/unit": "$0.0940", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "TickerSymbol": "REM", "Distributionpershare/unit": "$0.0950", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "TickerSymbol": "FLX", "Distributionpershare/unit": "$0.0297", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "TickerSymbol": "FLX.U", "Distributionpershare/unit": "US$ 0.0375", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "FLX.B", "Distributionpershare/unit": "$0.0365", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "TickerSymbol": "BDEQ", "Distributionpershare/unit": "$0.0112", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "BDOP", "Distributionpershare/unit": "$0.0075", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "CROP", "Distributionpershare/unit": "$0.0875", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF USD Units", "TickerSymbol": "CROP.U", "Distributionpershare/unit": "$0.0975", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "TickerSymbol": "BTCY", "Distributionpershare/unit": "$0.0210", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "BTCY.B", "Distributionpershare/unit": "$0.0235", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "BTCY.U", "Distributionpershare/unit": "US$ 0.0280", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "TickerSymbol": "ETHY", "Distributionpershare/unit": "$0.0210", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "ETHY.B", "Distributionpershare/unit": "$0.0250", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "ETHY.U", "Distributionpershare/unit": "US$ 0.0275", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Healthcare Innovation Yield ETF \\u2013 ETF Units", "TickerSymbol": "HEAL", "Distributionpershare/unit": "$0.1330", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Alphabet (GOOGL) Yield Shares Purpose ETF", "TickerSymbol": "YGOG", "Distributionpershare/unit": "$0.1833", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Amazon (AMZN) Yield Shares Purpose ETF", "TickerSymbol": "YAMZ", "Distributionpershare/unit": "$0.2000", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Apple (AAPL) Yield Shares Purpose ETF", "TickerSymbol": "APLY", "Distributionpershare/unit": "$0.1667", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Berkshire Hathaway (BRK) Yield Shares Purpose ETF", "TickerSymbol": "BRKY", "Distributionpershare/unit": "$0.1000", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Tesla (TSLA) Yield Shares Purpose ETF", "TickerSymbol": "YTSL", "Distributionpershare/unit": "$0.3067", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "", "TickerSymbol": "", "Distributionpershare/unit": "", "RecordDate": "", "PayableDate": "", "DistributionFrequency": ""}, {"Open-End Funds": "Closed-End Funds", "TickerSymbol": "TickerSymbol", "Distributionpershare/unit": "Distributionpershare/unit", "RecordDate": "RecordDate", "PayableDate": "PayableDate", "DistributionFrequency": "DistributionFrequency"}, {"Open-End Funds": "Canadian Investment Grade Preferred Share Fund \\u2013 Class T", "TickerSymbol": "RIGP.UN", "Distributionpershare/unit": "$0.1146", "RecordDate": "01/31/2023", "PayableDate": "02/14/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Big Banc Split Corp \\u2013 Class A", "TickerSymbol": "BNK", "Distributionpershare/unit": "$0.06621", "RecordDate": "01/31/2023", "PayableDate": "02/14/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Big Banc Split Corp \\u2013 Preferred Shares", "TickerSymbol": "BNK.PR.A", "Distributionpershare/unit": "$0.05001", "RecordDate": "01/31/2023", "PayableDate": "02/14/2023", "DistributionFrequency": "Monthly"}]\nEstimated January 2023 Distributions for Purpose Cash Management Fund\nThe January 2023 distribution rate for Purpose Cash Management Fund isestimatedto be as follows:\n[{"Fund Name": "Purpose Cash Management Fund - ETF Units", "TickerSymbol": "MNY", "EstimatedDistributionper unit": "$0.3610", "RecordDate": "01/30/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}]\nPurpose expects to issue a press release on or about January 27, 2023, which will provide thefinaldistribution rate for Purpose Cash Management Fund. The ex-distribution date will be January 30, 2023.\n[{"(1)": "(2)", "Dividend is designated as an \\u201celigible\\u201d Canadian dividend for purposes of theIncome Tax Act(Canada) and any similar provincial and territorial legislation.": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date."}]\nAbout Purpose Investments Inc.\nPurpose Investments is an asset management company with more than $15 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.\nFor further information, please contact:Keera [email protected]\nCommissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.', 'Purpose Investments Inc. TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of January 2023 for its open-end exchange traded funds and closed-end funds (“the Funds”). The ex-distribution date for all ETFs is January 26, 2023, with the exception of Purpose Bitcoin Yield ETF, Purpose Ether Yield ETF, Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of January 27, 2023. The ex-distribution date for all closed-end funds is January 30, 2023. Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Purpose Core Dividend Fund - ETF Series PDF $0.1050 1 01/27/2023 02/07/2023 Monthly Purpose Enhanced Dividend Fund – ETF Series PDIV $0.0690 1 01/27/2023 02/07/2023 Monthly Purpose Total Return Bond Fund - ETF Series PBD $0.0520 1 01/27/2023 02/07/2023 Monthly Purpose Real Estate Income Fund – ETF Series PHR $0.0720 1 01/27/2023 02/07/2023 Monthly Purpose Monthly Income Fund - ETF Series PIN $0.0830 1 01/27/2023 02/07/2023 Monthly Purpose Premium Yield Fund – ETF Series PYF $0.0830 1 01/27/2023 02/07/2023 Monthly Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.0885 1 01/27/2023 02/07/2023 Monthly Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $0.0885 1 01/27/2023 02/07/2023 Monthly Purpose Canadian Financial Income Fund – ETF Series BNC $0.1025 1 01/27/2023 02/07/2023 Monthly Purpose Conservative Income Fund – ETF Series PRP $0.0540 1 01/27/2023 02/07/2023 Monthly Purpose Enhanced Premium Yield Fund – ETF Series PAYF $0.1181 1 01/27/2023 02/07/2023 Monthly Purpose International Dividend Fund – ETF Units PID $0.0780 01/27/2023 02/07/2023 Monthly Purpose US Dividend Fund – ETF Units PUD $0.0650 01/27/2023 02/07/2023 Monthly Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $0.0760 01/27/2023 02/07/2023 Monthly Purpose Global Bond Fund – ETF Units BND $0.0665 01/27/2023 02/07/2023 Monthly Purpose High Interest Savings Fund – ETF Units PSA $0.1710 01/27/2023 02/07/2023 Monthly Purpose US Cash Fund – ETF Units PSU.U US$ 0.3358 01/27/2023 02/07/2023 Monthly Purpose Strategic Yield Fund – ETF Units SYLD $0.0970 01/27/2023 02/07/2023 Monthly Purpose Multi-Asset Income Fund – ETF Units PINC $0.0840 01/27/2023 02/07/2023 Monthly Purpose Global Bond Class – ETF Units IGB $0.0678 1 01/27/2023 02/07/2023 Monthly Purpose Canadian Preferred Share Fund – ETF Units RPS $0.0950 01/27/2023 02/07/2023 Monthly Purpose Core Equity Income Fund – ETF Series RDE $0.0800 1 01/27/2023 02/07/2023 Monthly Purpose US Preferred Share Fund – ETF Units RPU $0.0940 01/27/2023 02/07/2023 Monthly Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units 2 RPU.B / RPU.U $0.0940 01/27/2023 02/07/2023 Monthly Purpose Emerging Markets Dividend Fund – ETF Units REM $0.0950 01/27/2023 02/07/2023 Monthly Purpose Global Flexible Credit Fund – ETF Units FLX $0.0297 01/27/2023 02/07/2023 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units FLX.U US$ 0.0375 01/27/2023 02/07/2023 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units FLX.B $0.0365 01/27/2023 02/07/2023 Monthly Black Diamond Global Equity Fund – ETF Units BDEQ $0.0112 01/27/2023 02/07/2023 Monthly Black Diamond Distressed Opportunities Fund – ETF Units BDOP $0.0075 01/27/2023 02/07/2023 Monthly Purpose Credit Opportunities Fund – ETF Units CROP $0.0875 01/27/2023 02/07/2023 Monthly Purpose Credit Opportunities Fund – ETF USD Units CROP.U $0.0975 01/27/2023 02/07/2023 Monthly Purpose Bitcoin Yield ETF – ETF Units BTCY $0.0210 01/27/2023 02/07/2023 Monthly Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units BTCY.B $0.0235 01/27/2023 02/07/2023 Monthly Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units BTCY.U US$ 0.0280 01/27/2023 02/07/2023 Monthly Purpose Ether Yield ETF – ETF Units ETHY $0.0210 01/27/2023 02/07/2023 Monthly Purpose Ether Yield ETF – ETF Non-Currency hedged Units ETHY.B $0.0250 01/27/2023 02/07/2023 Monthly Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US$ 0.0275 01/27/2023 02/07/2023 Monthly Purpose Healthcare Innovation Yield ETF – ETF Units HEAL $0.1330 01/27/2023 02/07/2023 Monthly Alphabet (GOOGL) Yield Shares Purpose ETF YGOG $0.1833 01/27/2023 02/07/2023 Monthly Amazon (AMZN) Yield Shares Purpose ETF YAMZ $0.2000 01/27/2023 02/07/2023 Monthly Apple (AAPL) Yield Shares Purpose ETF APLY $0.1667 01/27/2023 02/07/2023 Monthly Berkshire Hathaway (BRK) Yield Shares Purpose ETF BRKY $0.1000 01/27/2023 02/07/2023 Monthly Tesla (TSLA) Yield Shares Purpose ETF YTSL $0.3067 01/27/2023 02/07/2023 Monthly Closed-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $0.1146 01/31/2023 02/14/2023 Monthly Big Banc Split Corp – Class A BNK $0.0662 1 01/31/2023 02/14/2023 Monthly Big Banc Split Corp – Preferred Shares BNK.PR.A $0.0500 1 01/31/2023 02/14/2023 Monthly Estimated January 2023 Distributions for Purpose Cash Management Fund The January 2023 distribution rate for Purpose Cash Management Fund is estimated to be as follows: Story continues Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency Purpose Cash Management Fund - ETF Units MNY $0.3610 01/30/2023 02/07/2023 Monthly Purpose expects to issue a press release on or about January 27, 2023, which will provide the final distribution rate for Purpose Cash Management Fund. The ex-distribution date will be January 30, 2023. (1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $15 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information, please contact: Keera Hart [email protected] 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.', 'The changing of the calendar has brought a new sentiment to Wall Street. Many of 2022’s biggest losers, such as meme stocks, SPACs and penny stocks, are suddenly enjoying strong rallies once again. With the Federal Reserve looking like it may stop hiking rates within the next few months, some optimism is returning. However, this improving mood isn’t a green light to buy all depressed stocks indiscriminately. Many firms still face pressing challenges in terms of validating their business model, generating profits and shoring up their balance sheets. The three penny stocks below, in particular, have all seen a major boost in retail trading interest in recent weeks. However, given their weak fundamentals, these penny stocks are likely to decline once this January rally wears off. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ARVL Arrival $0.41 OTLY Oatly $2.49 AMRN Amarin $1.84 Arrival (ARVL) Person holding cellphone with webpage of electric vehicle manufacturer Arrival Ltd (ARVL) on screen in front of logo. Focus on center of phone display. Unmodified photo. Source: T. Schneider / Shutterstock.com Arrival (NASDAQ: ARVL ) is a company that is attempting to commercialize electric vans . However, like many former SPACs, Arrival made it to market before proving the validity of its business plan. The company had been aiming to sell vans in the European market. However, in October, Arrival announced a pivot to the American market , citing a larger addressable market and revised federal tax credits. The problem is the company is running out of time . Arrival is losing close to $100 million per quarter. The firm warned in November that it will likely run out of money in 2023 and that it doesn’t expect to generate revenue until at least 2024. Given that, Arrival is a pure gamble at best. Without access to new funding, it’s hard to see how the company will stay in business until 2024 to hopefully start selling vans in the United States. And, even if it comes up with more funds, there is little evidence of commercial demand for the product given the failed rollout in Europe. ARVL stock dropped as low as 14 cents a share in late December as traders prepared for an imminent restructuring. Over the past week, shares ran up as high as 94 cents. However, without new financing, ARVL stock will run out of juice quickly. Story continues Oatly (OTLY) otly stock Rolled oats or oat flakes in bowl with wooden spoons Source: Vladislav Noseek / Shutterstock.com Oatly (NASDAQ: OTLY ) is a company attempting to commercialize oat milk as an alternative to traditional dairy products. It attracted high-profile backers including Jay-Z and Oprah Winfrey . It gave consumers an enticing message about improving the world and people’s health. However, many of these claims turned out to be hard to back up with evidence. The United Kingdom’s advertising watchdog made Oatly pull misleading ads from television and social media in 2022 after they greatly overstated the product’s environmental benefits. Oatly’s beverages have struggled in another key way as well: profitability. Over the past 12 months, Oatly generated $713 million in revenue, but it cost the company $634.5 million to manufacture the product. This resulted in an anemic gross margin of just 11%. By contrast, typical gross margins in the beverage industry tend to be around 50% . Oatly produced less than $80 million in gross profit over the past year. Unfortunately, it had $442 million of overhead, R&D and other operating expenses. In total, Oatly lost a stunning $347 million over the past 12 months. This is a profoundly unprofitable firm for an industry as staid as beverages. And, with Oatly down to $120 million of cash and short-term investments as of last quarter, the company will likely have to resort to more dilution to avoid running out of money in 2023. All that bodes ill for OTLY stock going forward. Amarin (AMRN) image of amarin website (hot stocks) Source: Pavel Kapysh / Shutterstock.com Amarin (NASDAQ: AMRN ) is a biotech company that has spent the past decade commercializing Vascepa , a prescription-only omega-3 fatty acid product that is used to reduce triglyceride levels in certain adults. This can aid in improving outcomes in patients with heart conditions. After a long and winding road, Amarin finally received FDA approval for Vascepa in late 2019, and the company began selling the product. However, it never quite reached blockbuster status. Revenue peaked at $614 million in 2020 and dropped to $583 million in 2021. Analysts are forecasting sales of just $366 million for 2022 and a further decline this year to $327 million. Moreover, revenue never reached a high enough level to produce steady profitability, and analysts are forecasting more losses for 2022 and 2023. Amarin is continuing to run studies on the drug and hopes to broaden the market for it by selling it for more conditions and categories of heart disease. However, the clock is ticking as generic competition is now bearing down on Amarin . Despite the lackluster financials, AMRN stock has surged 52% so far in 2023. Its current $743 million market capitalization is likely excessive for a struggling firm whose primary drug has failed to reach the levels of commercial success the bulls had anticipated. Traders can use the recent pop to sell. On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post 3 Penny Stocks to Sell in January Before They Peter Out appeared first on InvestorPlace .', 'The changing of the calendar has brought a new sentiment to Wall Street. Many of 2022’s biggest losers, such as meme stocks, SPACs and penny stocks, are suddenly enjoying strong rallies once again. With the Federal Reserve looking like itmay stop hiking rateswithin the next few months, some optimism is returning.\nHowever, this improving mood isn’t a green light to buy all depressed stocks indiscriminately. Many firms still face pressing challenges in terms of validating their business model, generating profits and shoring up their balance sheets.\nThe three penny stocks below, in particular, have all seen a major boost in retail trading interest in recent weeks. However, given their weak fundamentals, these penny stocks are likely to decline once this January rally wears off.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"ARVL": "OTLY", "Arrival": "Oatly", "$0.41": "$2.49"}, {"ARVL": "AMRN", "Arrival": "Amarin", "$0.41": "$1.84"}]\nSource: T. Schneider / Shutterstock.com\nArrival(NASDAQ:ARVL) is a company that is attempting tocommercialize electric vans. However, like many former SPACs, Arrival made it to market before proving the validity of its business plan.\nThe company had been aiming to sell vans in the European market. However, in October, Arrival announced apivot to the American market, citing a larger addressable market and revised federal tax credits. The problem is the company isrunning out of time.\nArrival is losing close to $100 million per quarter. The firm warned in November that it will likely run out of money in 2023 and that it doesn’t expect to generate revenue until at least 2024.\nGiven that, Arrival is a pure gamble at best. Without access to new funding, it’s hard to see how the company will stay in business until 2024 to hopefully start selling vans in the United States. And, even if it comes up with more funds, there is little evidence of commercial demand for the product given the failed rollout in Europe.\nARVL stock dropped as low as 14 cents a share in late December as traders prepared for an imminent restructuring. Over the past week, shares ran up as high as 94 cents. However, without new financing, ARVL stock will run out of juice quickly.\nSource: Vladislav Noseek / Shutterstock.com\nOatly(NASDAQ:OTLY) is a company attempting to commercialize oat milk as an alternative to traditional dairy products. It attracted high-profile backers includingJay-Z and Oprah Winfrey. It gave consumers an enticing message about improving the world and people’s health.\nHowever, many of these claims turned out to be hard to back up with evidence. The United Kingdom’s advertising watchdog made Oatlypull misleading adsfrom television and social media in 2022 after they greatly overstated the product’s environmental benefits.\nOatly’s beverages have struggled in another key way as well: profitability. Over the past 12 months, Oatly generated $713 million in revenue, but it cost the company $634.5 million to manufacture the product. This resulted in an anemic gross margin of just 11%. By contrast, typical gross margins in the beverage industrytend to be around 50%.\nOatly produced less than $80 million in gross profit over the past year. Unfortunately, it had $442 million of overhead, R&D and other operating expenses. In total, Oatly lost a stunning $347 million over the past 12 months. This is a profoundly unprofitable firm for an industry as staid as beverages.\nAnd, with Oatly down to $120 million of cash and short-term investments as of last quarter, the company will likely have to resort to more dilution to avoid running out of money in 2023. All that bodes ill for OTLY stock going forward.\nSource: Pavel Kapysh / Shutterstock.com\nAmarin(NASDAQ:AMRN) is a biotech company that has spent the past decadecommercializing Vascepa, a prescription-only omega-3 fatty acid product that is used to reduce triglyceride levels in certain adults. This can aid in improving outcomes in patients with heart conditions.\nAfter a long and winding road, Amarin finallyreceived FDA approvalfor Vascepa in late 2019, and the company began selling the product. However, it never quite reached blockbuster status.\nRevenue peaked at $614 million in 2020 and dropped to $583 million in 2021. Analysts are forecasting sales of just $366 million for 2022 and a further decline this year to $327 million. Moreover, revenue never reached a high enough level to produce steady profitability, and analysts are forecasting more losses for 2022 and 2023.\nAmarin is continuing torun studieson the drug and hopes to broaden the market for it by selling it for more conditions and categories of heart disease. However, the clock is ticking as generic competition is nowbearing down on Amarin.\nDespite the lackluster financials, AMRN stock has surged 52% so far in 2023. Its current $743 million market capitalization is likely excessive for a struggling firm whose primary drug has failed to reach the levels of commercial success the bulls had anticipated. Traders can use the recent pop to sell.\nOn the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nOn Penny Stocks and Low-Volume Stocks:With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand thatInvestorPlace.com’s writers disclose this fact and warn readers of the risks.\nRead More: Penny Stocks —How to Profit Without Getting Scammed\nOn the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.comPublishing Guidelines.\nIan Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\n• It doesn’t matter if you have $500 or $5 million. Do this now.\nThe post3 Penny Stocks to Sell in January Before They Peter Outappeared first onInvestorPlace.', 'Ransomware payments are down 40.58%, according to a new report by blockchain forensics firm Chainalysis. In the report released Thursday, Chainalysis says ransomware attackers extorted at least $456.8 million in funds in 2022, compared to $765.6 million the year before. "That doesn\'t mean attacks are down, or at least not as much as the drastic dropoff in payments would suggest," Chainalysis says. "Instead, we believe that much of the decline is due to victim organizations increasingly refusing to pay ransomware attackers." The 2022 roundup follows Chainalysis\'s end-of-year reporting on the biggest crypto hacks of the last year. Stolen Crypto Total Hits $3B as Hackers Reemerge After Quiet Summer: Chainalysis Cybercriminals demanding Bitcoin or other cryptocurrencies in ransomware attacks have long been a stain on the crypto industry and a cudgel that regulators use to call for stricter regulators or outright bans of digital assets. In June 2021, the Biden Administration said it was stepping up its fight against cybercriminals and making combating ransomware a priority for the administration, including an increase in tracking cryptocurrency transactions. Ransomware is software that can lock a computer and demand a ransom for restoring access, and often includes digital extortion, where some attackers threaten to release sensitive data or pictures from the commandeered machines if the ransom isn\'t paid. While any computer connected to the internet could potentially be the victim of ransomware, phishing attacks are generally the primary attack vector. According to Chainalysis, stolen funds from ransomware attacks in 2022 were laundered through centralized exchanges, gambling websites, or coin mixers. "The share of ransomware funds going to mainstream exchanges grew from 39.3% in 2021 to 48.3% in 2022, while the share going to high-risk exchanges fell from 10.9% to 6.7%," the firm reports adding that coin mixer usage increased from 11.6% to 15.0%. Story continues Bitcoin Will Become ‘Less Important’ for Cybercrime Payments: Kaspersky In August 2022, the U.S. Treasury Department put the Ethereum mixing service Tornado Cash on its Specially Designated Nationals list, effectively banning the coin mixer in the United States. The agency said it took these measures because criminals had used Tornado Cash to launder money. "As always, we have to caveat these findings by noting that the true totals are much higher, as there are cryptocurrency addresses controlled by ransomware attackers that have yet to be identified on the blockchain and incorporated into our data," Chainalysis says. "Still, the trend is clear: Ransomware payments are significantly down." While cybercriminals have traditionally demanded Bitcoin in ransomware attacks, cybersecurity firm Kaspersky says in separate report that privacy coins like Monero and ZCash are becoming popular amongst cybercriminals because of their underlying technology, which includes privacy features not found in Bitcoin.', 'Ransomware payments are down 40.58%, according to a new report by blockchain forensics firm Chainalysis. In thereportreleased Thursday, Chainalysis says ransomware attackers extorted at least $456.8 million in funds in 2022, compared to $765.6 million the year before.\n"That doesn\'t mean attacks are down, or at least not as much as the drastic dropoff in payments would suggest," Chainalysis says. "Instead, we believe that much of the decline is due to victim organizations increasingly refusing to pay ransomware attackers."\nThe 2022 roundup follows Chainalysis\'s end-of-year reporting on thebiggest crypto hacksof the last year.\nStolen Crypto Total Hits $3B as Hackers Reemerge After Quiet Summer: Chainalysis\nCybercriminals demanding Bitcoin or other cryptocurrencies in ransomware attacks have long been a stain on the crypto industry and a cudgel that regulators use to call for stricter regulators or outright bans of digital assets. In June 2021, the Biden Administration said it was stepping up its fight against cybercriminals and making combating ransomware a priority for the administration, including an increase in tracking cryptocurrency transactions.\nRansomware is software that can lock a computer and demand a ransom for restoring access, and often includes digital extortion, where some attackers threaten to release sensitive data or pictures from the commandeered machines if the ransom isn\'t paid. While any computer connected to the internet could potentially be the victim of ransomware, phishing attacks are generally the primary attack vector.\nAccording to Chainalysis, stolen funds from ransomware attacks in 2022 were laundered through centralized exchanges, gambling websites, or coin mixers.\n"The share of ransomware funds going to mainstream exchanges grew from 39.3% in 2021 to 48.3% in 2022, while the share going to high-risk exchanges fell from 10.9% to 6.7%," the firm reports adding that coin mixer usage increased from 11.6% to 15.0%.\nBitcoin Will Become ‘Less Important’ for Cybercrime Payments: Kaspersky\nIn August 2022, the U.S. Treasury Department put the Ethereum mixing service Tornado Cash on its Specially Designated Nationals list, effectively banning the coin mixer in the United States. The agency said it took these measures because criminals had used Tornado Cash to launder money.\n"As always, we have to caveat these findings by noting that the true totals are much higher, as there are cryptocurrency addresses controlled by ransomware attackers that have yet to be identified on the blockchain and incorporated into our data," Chainalysis says. "Still, the trend is clear: Ransomware payments are significantly down."\nWhile cybercriminals have traditionally demanded Bitcoin in ransomware attacks, cybersecurity firm Kaspersky says in separatereportthat privacy coins like Monero and ZCash are becoming popular amongst cybercriminals because of their underlying technology, which includes privacy features not found in Bitcoin.', 'By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, as the Japanese currency remained on the defensive after the Bank of Japan governor repeated that the central bank will maintain its ultra-loose monetary policy. Dollar/yen in early trade looked on track for its best day since Dec. 5 after BOJ Governor Haruhiko Kuroda, addressing the World Economic Forum in Davos, Switzerland, on Friday, said the central bank will continue its current "extremely accommodative" monetary policy to achieve its 2% inflation target in a stable, sustainable manner. Its 0.88% gain as of late Friday was still the largest since Jan. 4 and its weekly 1.32% rally from a seven-month low on Monday was the biggest since the week ending Dec. 9. John Doyle, vice president of trading and dealing at Monex USA, noted the volatility on Friday and pointed to the Lunar New Year holiday next week in Asia. "At 3 o\'clock on a Friday, we\'re just seeing some position squaring ahead of the long weekend. It\'s been a hectic week for the yen: 1.6% lower vs the dollar even with that comeback in last couple of hours." Speculators bet that the BOJ, the last major central bank to still employ a loose monetary policy, is edging toward a shift to a tighter stance. That has driven a rally in the yen that has pushed the dollar/yen pair down by 14% in the past three months. The dollar rose as high as 130.62 yen and was last up 088% at 129.56. Data on Friday showed Japan\'s core consumer prices in December rose 4.0% from a year earlier, double the BOJ\'s target. "Japan now has an inflation problem that it hasn\'t had in nearly 40 years," CMC Markets chief strategist Michael Hewson said. "For me, the die is cast - dollar/yen will go lower and it\'s a question of how quickly," he said. Story continues Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said he thinks the dollar will move back into the 130-135 yen range. "If you tell me direction of U.S. yields, I can tell you the direction of dollar yen." The greenback has been mostly on the defensive this week, as a slew of data from consumer spending to business activity and inflation across major economies highlighted an increasingly fragile outlook for U.S. growth. U.S. Treasury yields have been trending lower all month but rose on Thursday and Friday. Against a basket of currencies, the dollar slipped 0.05% to 102.005. The dollar index has lost about 1.4% so far in January, having fallen nearly 8% in the final three months of 2022, when investors began factoring in a higher chance of the Federal Reserve slowing down the pace of interest-rate rises. With much top-tier data out of the way now, investors are waiting for the first Fed meeting of the year in early February to see if it raises interest rates by 25 basis points (bps) or 50 bps as it did in December after four straight 75 bps increases. The market is eagerly pricing in another step down in its tightening policy. ING economists said the intense scrutiny of U.S. growth means that the dollar remains vulnerable to data releases as markets keep scaling back Fed rate expectations. "We keep saying with our clients \'yes, the dollar\'s weak but it\'s relatively weak from where it\'s been recently,\'" Doyle said. "Just over a year ago, if I told you you could buy the euro at $1.08, you\'d think I was a liar." Meanwhile, the euro was up 0.25% at $1.0856, and the pound was nearly flat at $1.2397, after UK data showed a surprise drop in retail sales in December, as British shoppers bought less but spent more. In crypto, Bitcoin popped to its highest level since September in late trade and closed up 5.6% at $22,270. ======================================================== Currency bid prices at 4:20PM (2120 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 101.9700 102.0400 -0.06% -1.469% +102.5500 +101.9300 Euro/Dollar $1.0857 $1.0829 +0.25% +1.32% +$1.0859 +$1.0803 Dollar/Yen 129.5600 128.4150 +0.90% -1.18% +130.6000 +128.3500 Euro/Yen 140.67 139.10 +1.13% +0.26% +141.1900 +139.0600 Dollar/Swiss 0.9200 0.9162 +0.46% -0.46% +0.9234 +0.9143 Sterling/Dollar $1.2401 $1.2393 +0.04% +2.51% +$1.2404 +$1.2336 Dollar/Canadian 1.3375 1.3470 -0.70% -1.28% +1.3497 +1.3376 Aussie/Dollar $0.6972 $0.6910 +0.88% +2.25% +$0.6973 +$0.6908 Euro/Swiss 0.9988 0.9921 +0.68% +0.94% +0.9999 +0.9920 Euro/Sterling 0.8753 0.8741 +0.14% -1.03% +0.8786 +0.8740 NZ $0.6476 $0.6397 +1.23% +1.98% +$0.6476 +$0.6392 Dollar/Dollar Dollar/Norway 9.8650 9.8980 -0.37% +0.48% +9.9355 +9.8615 Euro/Norway 10.7064 10.7147 -0.08% +2.03% +10.7504 +10.6944 Dollar/Sweden 10.2843 10.3085 -0.04% -1.19% +10.3574 +10.2780 Euro/Sweden 11.1662 11.1708 -0.04% +0.15% +11.1980 +11.1470 (Reporting by Alden Bentley and Gertrude Chavez-Dreyfuss in New York, and Amanda Cooper in London; Additional reporting by Ankur Banerjee in Singapore; Editing by Hugh Lawson, Kirsten Donovan and Jonathan Oatis)', 'By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, as the Japanese currency remained on the defensive after the Bank of Japan governor repeated that the central bank will maintain its ultra-loose monetary policy. Dollar/yen in early trade looked on track for its best day since Dec. 5 after BOJ Governor Haruhiko Kuroda, addressing the World Economic Forum in Davos, Switzerland, on Friday, said the central bank will continue its current "extremely accommodative" monetary policy to achieve its 2% inflation target in a stable, sustainable manner. Its 0.88% gain as of late Friday was still the largest since Jan. 4 and its weekly 1.32% rally from a seven-month low on Monday was the biggest since the week ending Dec. 9. John Doyle, vice president of trading and dealing at Monex USA, noted the volatility on Friday and pointed to the Lunar New Year holiday next week in Asia. "At 3 o\'clock on a Friday, we\'re just seeing some position squaring ahead of the long weekend. It\'s been a hectic week for the yen: 1.6% lower vs the dollar even with that comeback in last couple of hours." Speculators bet that the BOJ, the last major central bank to still employ a loose monetary policy, is edging toward a shift to a tighter stance. That has driven a rally in the yen that has pushed the dollar/yen pair down by 14% in the past three months. The dollar rose as high as 130.62 yen and was last up 088% at 129.56. Data on Friday showed Japan\'s core consumer prices in December rose 4.0% from a year earlier, double the BOJ\'s target. "Japan now has an inflation problem that it hasn\'t had in nearly 40 years," CMC Markets chief strategist Michael Hewson said. "For me, the die is cast - dollar/yen will go lower and it\'s a question of how quickly," he said. Story continues Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, said he thinks the dollar will move back into the 130-135 yen range. "If you tell me direction of U.S. yields, I can tell you the direction of dollar yen." The greenback has been mostly on the defensive this week, as a slew of data from consumer spending to business activity and inflation across major economies highlighted an increasingly fragile outlook for U.S. growth. U.S. Treasury yields have been trending lower all month but rose on Thursday and Friday. Against a basket of currencies, the dollar slipped 0.05% to 102.005. The dollar index has lost about 1.4% so far in January, having fallen nearly 8% in the final three months of 2022, when investors began factoring in a higher chance of the Federal Reserve slowing down the pace of interest-rate rises. With much top-tier data out of the way now, investors are waiting for the first Fed meeting of the year in early February to see if it raises interest rates by 25 basis points (bps) or 50 bps as it did in December after four straight 75 bps increases. The market is eagerly pricing in another step down in its tightening policy. ING economists said the intense scrutiny of U.S. growth means that the dollar remains vulnerable to data releases as markets keep scaling back Fed rate expectations. "We keep saying with our clients \'yes, the dollar\'s weak but it\'s relatively weak from where it\'s been recently,
**Last 60 Days of Bitcoin's Closing Prices:**
[15787.28, 16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-20
**Financial & Commodity Data:**
- Gold Closing Price: $1926.40
- Crude Oil Closing Price: $81.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $406,789,845,119
- Hash Rate: 246659369.44636056
- Transaction Count: 295822.0
- Unique Addresses: 702080.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Mark Cuban. Chip Somodevilla/Getty Images Shark Tank investor Mark Cuban will be deposed for his promotion of the now-defunct crypto lender Voyager. Cuban had promoted the company as being "as close to risk-free as you're gonna get." A class action lawsuit aims to hold Cuban and Voyager's CEO responsible for billions in lost customer funds. Shark Tank investor Mark Cuban will be deposed next month in connection to his promotion of Voyager, the crypto lender described as a "Ponzi scheme" in a class action lawsuit. The lawsuit , which was originally filed in August, aims to hold Cuban and Voyager CEO Steve Ehrlich responsible for over $5 billion in lost customer funds. Cuban requested to split his deposition in court over two hearings, though that request was denied yesterday , according to court documents, with orders for Cuban to deliver his testimony in one session on February 2. Voyager investors have claimed that Cuban and Ehrlich roped in naive customers to the platform, as Cuban, an avid cryptocurrency investor , touted the crypto exchange on numerous occasions to his followers. Cuban previously stated that he was a customer of Voyager himself, and claimed it was "as close to risk-free as you're gonna get in the crypto universe." Cuban's basketball team, the Dallas Mavericks, also entered a five-year partnership with the now-bankrupt crypto exchange. At one point, the the team ran a promotion wherein Mavericks fans would receive $100 worth of Bitcoin if they deposited $100 into Voyager. "The Deceptive Voyager Platform … was an unregulated and unsustainable fraud, similar to other Ponzi schemes," the class action complaint reads. "Defendants Mark Cuban and Stephen Ehrlich were key players who personally reached out to investors, individually and through the Dallas Mavericks, to induce them to invest in the Deceptive Voyager Platform." Voyager declared bankruptcy last summer and was part of a chain of bankruptcies among crypto firms stemming from the collapse of Terra-Luna, which sparked a massive sell-off in digital assets. The firm is going through Chapter 11 bankruptcy proceedings. Binance.US has made a $1 billion bid to buy the assets of the defunct firm, though the deal is being scrutinized by the Securities and Exchange Commission, which raised a limited objection to the transaction. Read the original article on Business Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["(Removes extraneous word in para 3) Jan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\nJan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\nJan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3) (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three) (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3) (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three) (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", 'Consider yourself lucky if you\'ve never had to sacrifice your comfort to make ends meet. For most of us, we know all too well that desperate times call for desperate measures. I was reminded of this when u/peachyqueen45 asked folks , "What’s the most desperate thing you’ve ever done for money?" And honestly, I wasn\'t prepared: 1. "I participated in a food study where I couldn’t eat for a day before, arrived at the lab very early in the morning, had a tube put down my throat, and lay there for six hours as they pumped liquids into and out of my stomach. After the first two hours, I begged them to at least turn on the TV, but they would only let me watch PBS so I couldn’t accidentally see any commercials about food. It wasn’t fun, but the pay was decent, and they served me a steak dinner afterward." "This was almost 40 years ago. Honestly, I don\'t think I even asked what the study was. I think they paid $120, which is about $370 today." — u/glorious_cheese Searchlight Pictures 2. "I made $50 when I was randomly approached in a bar to be on a foot fetish site. There was no nudity or actual sex involved. Just a lot of pictures of women\'s feet on my face, chest, and so on. It was way more uncomfortable than it should have been." — u/Fubai97b 3. "I signed up for a three-week drug study in 1991. We took a dose of some antibiotic every day and had blood drawn throughout the day, every day. The pay was $2000, which is valued at over $4,300 today. But being in the drug testing facility for three weeks was...interesting." — u/teneggomelet 4. "I used to pose naked for art classes while I was an undergrad. The pay was pretty good, about five times the minimum wage. One grad student who was a good artist and kind of odd asked if I would do a private session of a few hours. I agreed, since I was desperate for money — I figured I had just been hired for sex. I was a bit conflicted, but then just figured, \'Why not?\' I showed up cleaned, prepped, and dressed to look good. It turned out that the artist really did want me to pose. They were polite the whole time, though very specific on poses. It was actually a bit challenging. They were so intense, and the talent and effort was kind of a turn-on. By the end, I was half-hoping it would turn into sex. We went over the time, but the artist was grateful and paid extra. I learned then I would be willing to have sex for money in some situations." ilana glazer poses nude for an art class in "broad city" Comedy Central / Via giphy.com Story continues — u/Puzzleheaded_Big3319 5. "I drew a furry NSFW artwork of an original character. I\'m not even a furry artist, but I got $120 for drawing a blue double-shark dick in one afternoon, so whatever. I was able to afford Christmas presents for my family after that." "I am not even involved in that market. Someone just messaged me on reddit, and that was a one-time thing." — u/Twighdark 6. "I participated in some market research for a new beer. Getting paid $150 to drink beer for an hour sounded great at the time. It was a bunch of different beers in small plastic cups, all of which started out tasting like the strained liquid from the devil’s underpants. It progressively got worse. They kept bringing more out until one guy finally cracked, swiped all his beers off the table, and stormed out yelling, ‘I wouldn’t even give this crap to my dog!’" mayaa rudolph spills her drink from her mouth in "saturday night live" NBC / Via giphy.com "Everyone was so excited at the beginning, and by the end, it was the polar opposite. All the participants immediately snatched their cash from the facilitator, stomped out, and angrily swore about how awful the beer was all the way out of the building and down the street. I still don’t know if it was market research or some bizarre psychological experiment." — u/Rumpleshite 7. "I participated in a sleep study where they had us wired up to electrodes to monitor our responses at periodic intervals across three days without sleep. It was brutal. I learned I cannot go without sleep for two days in a row." — u/Barbarella_ella Netflix 8. "I once put grapes up my butt, plopped them out into a mason jar, canned them, and then overnight shipped it to the stranger that requested them from me through direct message. I got $3,000." — u/sammisamantha 9. "I was newly broke and had a date in a few hours. She wanted to go to Red Lobster. I went through my car, parents’ cars, sisters’ cars, couches, really everywhere looking for coins. I had a partially used gift card for somewhere as well. I took it all to the grocery store, cashed in the change, and sold the gift card for practically nothing. I had just enough to cover myself. If she expected me to get the bill, I was finished. I’d have to own up to having like $31.25 to my name. Luckily, she didn’t. We split the bill. And now we’re married." emma stone in "easy a" reacting positively to a lobster dish Sony Pictures / Via giphy.com — u/Zezu 10. "Once when I was unemployed, I bought a bunch of king-size candy at Costco, and went door to door selling it saying it was a fundraiser for a church youth group. I made a good profit, and was able to pay rent that month." — u/brock_lee "A friend of mine used to buy water bottles in bulk and then sell them at anime conventions to cover his entry." — u/limasxgoesto0 11. "As a kid, I did these dumb surveys that weren\'t worth the time they took. They paid us in these dumb token things that were worth pennies. I had a couple hundred, but it wasn\'t worth anything. Yeah...that was Bitcoin. I got rid of that computer and never found the old emails again. I could have been a millionaire right now." rihanna beating up an atm in "bitch better have my money" Roc Nation / Via giphy.com — u/garry4321 12. "I \'acted\' in some OnlyFans videos with a woman I had a friends-with-benefits thing with. I was drowning in debt and my unemployment insurance had run out, so I agreed. She paid me and we made a video once a week for about five months. It helped me get out of debt and pay my bills until I found a job. The biggest thing I sacrificed was my self-esteem — a few weeks in, she admitted that she asked me because I’m \'kinda ugly\' and \'a little fat,\' and that made me relatable to her fans. It really made me feel disgusting, and absolutely destroyed any sort of self-worth I had." — u/lvlat 13. "I sold my used underwear to a complete stranger from the internet." — u/deletedgirlfriend Rbkomar / Getty Images 14. "I made porn with my first husband and he sold the photos and videos. They are somewhere in the bowels of the internet, and I have no idea where. No face though." — u/Athompson9866 15. "In university, I signed up as a lab rat for various studies. One involved staying awake for 30+ hours in a room with no sunlight, communication, or anything else that might give me a sense of time. Among blood and urine tests as well as being hooked up to various probes and monitoring devices, I also had to keep a thermometer in my ass the entire time." scientists approaching with lab syringes Eppendorf / Via giphy.com "$1,400 is $1,400 though." — u/Superunknown_88 What\'s the most memorable thing you did for money? There\'s no shame in getting by when you need to, so share your story in the comments. Note: Submissions have been edited for length and/or clarity.', 'Consider yourself lucky if you\'ve never had to sacrifice your comfort to make ends meet. For most of us, we know all too well that desperate times call for desperate measures. I was reminded of this when u/peachyqueen45 asked folks , "What’s the most desperate thing you’ve ever done for money?" And honestly, I wasn\'t prepared: 1. "I participated in a food study where I couldn’t eat for a day before, arrived at the lab very early in the morning, had a tube put down my throat, and lay there for six hours as they pumped liquids into and out of my stomach. After the first two hours, I begged them to at least turn on the TV, but they would only let me watch PBS so I couldn’t accidentally see any commercials about food. It wasn’t fun, but the pay was decent, and they served me a steak dinner afterward." "This was almost 40 years ago. Honestly, I don\'t think I even asked what the study was. I think they paid $120, which is about $370 today." — u/glorious_cheese Searchlight Pictures 2. "I made $50 when I was randomly approached in a bar to be on a foot fetish site. There was no nudity or actual sex involved. Just a lot of pictures of women\'s feet on my face, chest, and so on. It was way more uncomfortable than it should have been." — u/Fubai97b 3. "I signed up for a three-week drug study in 1991. We took a dose of some antibiotic every day and had blood drawn throughout the day, every day. The pay was $2000, which is valued at over $4,300 today. But being in the drug testing facility for three weeks was...interesting." — u/teneggomelet 4. "I used to pose naked for art classes while I was an undergrad. The pay was pretty good, about five times the minimum wage. One grad student who was a good artist and kind of odd asked if I would do a private session of a few hours. I agreed, since I was desperate for money — I figured I had just been hired for sex. I was a bit conflicted, but then just figured, \'Why not?\' I showed up cleaned, prepped, and dressed to look good. It turned out that the artist really did want me to pose. They were polite the whole time, though very specific on poses. It was actually a bit challenging. They were so intense, and the talent and effort was kind of a turn-on. By the end, I was half-hoping it would turn into sex. We went over the time, but the artist was grateful and paid extra. I learned then I would be willing to have sex for money in some situations." ilana glazer poses nude for an art class in "broad city" Comedy Central / Via giphy.com Story continues — u/Puzzleheaded_Big3319 5. "I drew a furry NSFW artwork of an original character. I\'m not even a furry artist, but I got $120 for drawing a blue double-shark dick in one afternoon, so whatever. I was able to afford Christmas presents for my family after that." "I am not even involved in that market. Someone just messaged me on reddit, and that was a one-time thing." — u/Twighdark 6. "I participated in some market research for a new beer. Getting paid $150 to drink beer for an hour sounded great at the time. It was a bunch of different beers in small plastic cups, all of which started out tasting like the strained liquid from the devil’s underpants. It progressively got worse. They kept bringing more out until one guy finally cracked, swiped all his beers off the table, and stormed out yelling, ‘I wouldn’t even give this crap to my dog!’" mayaa rudolph spills her drink from her mouth in "saturday night live" NBC / Via giphy.com "Everyone was so excited at the beginning, and by the end, it was the polar opposite. All the participants immediately snatched their cash from the facilitator, stomped out, and angrily swore about how awful the beer was all the way out of the building and down the street. I still don’t know if it was market research or some bizarre psychological experiment." — u/Rumpleshite 7. "I participated in a sleep study where they had us wired up to electrodes to monitor our responses at periodic intervals across three days without sleep. It was brutal. I learned I cannot go without sleep for two days in a row." — u/Barbarella_ella Netflix 8. "I once put grapes up my butt, plopped them out into a mason jar, canned them, and then overnight shipped it to the stranger that requested them from me through direct message. I got $3,000." — u/sammisamantha 9. "I was newly broke and had a date in a few hours. She wanted to go to Red Lobster. I went through my car, parents’ cars, sisters’ cars, couches, really everywhere looking for coins. I had a partially used gift card for somewhere as well. I took it all to the grocery store, cashed in the change, and sold the gift card for practically nothing. I had just enough to cover myself. If she expected me to get the bill, I was finished. I’d have to own up to having like $31.25 to my name. Luckily, she didn’t. We split the bill. And now we’re married." emma stone in "easy a" reacting positively to a lobster dish Sony Pictures / Via giphy.com — u/Zezu 10. "Once when I was unemployed, I bought a bunch of king-size candy at Costco, and went door to door selling it saying it was a fundraiser for a church youth group. I made a good profit, and was able to pay rent that month." — u/brock_lee "A friend of mine used to buy water bottles in bulk and then sell them at anime conventions to cover his entry." — u/limasxgoesto0 11. "As a kid, I did these dumb surveys that weren\'t worth the time they took. They paid us in these dumb token things that were worth pennies. I had a couple hundred, but it wasn\'t worth anything. Yeah...that was Bitcoin. I got rid of that computer and never found the old emails again. I could have been a millionaire right now." rihanna beating up an atm in "bitch better have my money" Roc Nation / Via giphy.com — u/garry4321 12. "I \'acted\' in some OnlyFans videos with a woman I had a friends-with-benefits thing with. I was drowning in debt and my unemployment insurance had run out, so I agreed. She paid me and we made a video once a week for about five months. It helped me get out of debt and pay my bills until I found a job. The biggest thing I sacrificed was my self-esteem — a few weeks in, she admitted that she asked me because I’m \'kinda ugly\' and \'a little fat,\' and that made me relatable to her fans. It really made me feel disgusting, and absolutely destroyed any sort of self-worth I had." — u/lvlat 13. "I sold my used underwear to a complete stranger from the internet." — u/deletedgirlfriend Rbkomar / Getty Images 14. "I made porn with my first husband and he sold the photos and videos. They are somewhere in the bowels of the internet, and I have no idea where. No face though." — u/Athompson9866 15. "In university, I signed up as a lab rat for various studies. One involved staying awake for 30+ hours in a room with no sunlight, communication, or anything else that might give me a sense of time. Among blood and urine tests as well as being hooked up to various probes and monitoring devices, I also had to keep a thermometer in my ass the entire time." scientists approaching with lab syringes Eppendorf / Via giphy.com "$1,400 is $1,400 though." — u/Superunknown_88 What\'s the most memorable thing you did for money? There\'s no shame in getting by when you need to, so share your story in the comments. Note: Submissions have been edited for length and/or clarity.', 'Crypto lender Genesis filed for Chapter 11 bankruptcy on Thursday. Jakub Porzycki/Getty Image Crypto lender Genesis filed for Chapter 11 bankruptcy this week. The firm ran into trouble last year when Three Arrows Capital couldn\'t pay back all of a $2.3 billion loan. Genesis insiders detail the crypto lender\'s financial hardships months leading up to its bankruptcy filing. Genesis filed for Chapter 11 bankruptcy this week, the latest casualty of the widespread fallout from the collapse of FTX. But a number of issues were working against the crypto lender long before the FTX blowup, including executive departures, big lending exposure to beleaguered firms, and internal confusion which left many employees in the dark. Genesis held $5.1 billion in liabilities after it\'s lending unit had to suspend customer withdrawals last November, according to bankruptcy court documents. Genesis\' liquidity crisis could be traced back to a $1.2 billion hit from exposure to now-defunct crypto hedge fund Three Arrows Capital. The fund, run by former Credit Suisse traders Kyle Davies and Su Zhu, filed for Chapter 15 bankruptcy in June after a series of highly-leveraged bets on fallen algorithmic stablecoin TerraUSD and affiliated token Luna. The insolvent firm was also reportedl y underwater on its positions in Grayscale Bitcoin Trust and Lido staked ether. Zhu did not immediately respond to Insider\'s request for comment, and Davies could not be reached. Genesis had $2.4 billion in outstanding loans to the firm when Three Arrows went under, the filing reads. Genesis was only able to recover half of that. (Genesis Asia Pacific unit managed the lending relationship between Three Arrows and Genesis.) "While we have made significant progress refining our business plans to remedy liquidity issues caused by the recent extraordinary challenges in our industry, including the default of Three Arrows Capital and the bankruptcy of FTX, an in-court restructuring presents the most effective avenue through which to preserve assets and create the best possible outcome for all Genesis stakeholders," Derar Islim, the Interim CEO of Genesis, said in a statement on Thursday. Story continues As the Three Arrows fiasco unfolded last summer, Genesis insiders say there was a shift at the firm. One former employee says communication about Genesis\' financial health became unclear, citing less frequent townhalls and company updates. This is around the time when "red flags" began to appear, the employee told Insider, speaking on the condition of anonymity. "There weren\'t a lot of updates, honestly," the person said. "People we\'re trying to ask questions when we did have an\xa0 impromptu townhall...They wouldn\'t answer it or would give a good legal answer and not really a pure answer." Digital Currency Group, the parent company of Genesis, said that it assumed much of the Three Arrows exposure last year. DCG said it swapped a 10-year promissory note for its $1.2 billion in claims against Davies and Zhu\'s firm. At least six top executives and high level managers exited the company from August to October of 2022. Michael Moro, the previous CEO of Genesis, stepped down after more than six years at the firm in August. The former exec said that he was "going to take some time off here and spend it with my family, and we\'ll see what I might want to get into next," according to his LinkedIn post. Genesis\'s Chief Risk Officer Michael Patchen left only fourth months after joining the firm. He was in the C-suite from July to October of 2022, according to his LinkedIn profile. Patchen did not immediately respond to Insider\'s request for comment, but his profile reads: "Joined Genesis post 3AC; voluntarily departed after a short stay. This was prior to the events surrounding FTX." Kristopher Johnson, who was the Head of Risk at Genesis, left in February of 2022, per his LinkedIn profile. It is unclear whether or not this position has been filled since. Other company exits after Three Arrows explosion over the summer include head of cash trading Reed Werbitt, co-head of sales and trading Matthew Ballensweig, and managing director of trading Michael Paleokrassas. Head of derivatives\' Joshua Lim left Genesis after over two years to start his own firm, a source familiar with the matter told Insider. Genesis declined to comment in an Insider email with a series of questions relating to this story. A spokesperson referred Insider to Genesis\' bankruptcy press release and a docket on the Kroll Restructuring website. Read the original article on Business Insider', '• Crypto lender Genesis filed for Chapter 11 bankruptcy this week.\n• The firm ran into trouble last year when Three Arrows Capital couldn\'t pay back all of a $2.3 billion loan.\n• Genesis insiders detail the crypto lender\'s financial hardships months leading up to its bankruptcy filing.\nGenesis filed for Chapter 11 bankruptcy this week, the latest casualty of the widespread fallout from the collapse of FTX.\nBut a number of issues were working against the crypto lender long before the FTX blowup, including executive departures, big lending exposure to beleaguered firms, and internal confusion which left many employees in the dark.\nGenesis held$5.1 billionin liabilities after it\'s lending unit had to suspend customer withdrawals last November, according to bankruptcy court documents.\nGenesis\' liquidity crisis could be traced back to a $1.2 billion hit from exposure to now-defunct crypto hedge fund Three Arrows Capital. The fund, run by former Credit Suisse traders Kyle Davies and Su Zhu,filed for Chapter 15 bankruptcy in Juneafter a series of highly-leveraged bets on fallen algorithmic stablecoin TerraUSD and affiliated token Luna. The insolvent firm was alsoreportedly underwater on its positions in Grayscale Bitcoin Trust and Lido staked ether.\nZhu did not immediately respond to Insider\'s request for comment, and Davies could not be reached.\nGenesis had $2.4 billion in outstanding loans to the firm when Three Arrows went under, the filing reads. Genesis was only able to recover half of that. (Genesis Asia Pacific unit managed the lending relationship between Three Arrows and Genesis.)\n"While we have made significant progress refining our business plans to remedy liquidity issues caused by the recent extraordinary challenges in our industry, including the default of Three Arrows Capital and the bankruptcy of FTX, an in-court restructuring presents the most effective avenue through which to preserve assets and create the best possible outcome for all Genesis stakeholders," Derar Islim, the Interim CEO of Genesis, said in astatementon Thursday.\nAs the Three Arrows fiasco unfolded last summer, Genesis insiders say there was a shift at the firm. One former employee says communication about Genesis\' financial health became unclear, citing less frequent townhalls and company updates.\nThis is around the time when "red flags" began to appear, the employee told Insider, speaking on the condition of anonymity.\n"There weren\'t a lot of updates, honestly," the person said. "People we\'re trying to ask questions when we did have an\xa0 impromptu townhall...They wouldn\'t answer it or would give a good legal answer and not really a pure answer."\nDigital Currency Group, the parent company of Genesis, said that it assumed much of the Three Arrows exposure last year. DCG said it swapped a 10-year promissory note for its $1.2 billion in claims against Davies and Zhu\'s firm.\nAt least six top executives and high level managers exited the company from August to October of 2022.\nMichael Moro, the previous CEO of Genesis, stepped down after more than six years at the firm in August. The former exec said that he was "going to take some time off here and spend it with my family, and we\'ll see what I might want to get into next," according to hisLinkedIn post.\nGenesis\'s Chief Risk Officer Michael Patchen left only fourth months after joining the firm. He was in the C-suite from July to October of 2022, according to hisLinkedIn profile.\nPatchen did not immediately respond to Insider\'s request for comment, but his profile reads: "Joined Genesis post 3AC; voluntarily departed after a short stay. This was prior to the events surrounding FTX."\nKristopher Johnson, who was the Head of Risk at Genesis, left in February of 2022, per hisLinkedIn profile.It is unclear whether or not this position has been filled since.\nOther company exits after Three Arrows explosion over the summer include head of cash trading Reed Werbitt, co-head of sales and trading Matthew Ballensweig, and managing director of trading Michael Paleokrassas.\nHead of derivatives\' Joshua Lim left Genesis after over two years to start his own firm, a source familiar with the matter told Insider.\nGenesis declined to comment in an Insider email with a series of questions relating to this story. A spokesperson referred Insider to Genesis\'bankruptcy press releaseand a docket on theKroll Restructuring website.\nRead the original article onBusiness Insider', "This week in coins. Illustration by Mitchell Preffer for Decrypt. The third full week of 2023 was also the third consecutive week of market-wide gains for all the top cryptocurrencies. Market leaders Bitcoin and Ethereum have kept pace with each other to once more bring crypto’s total market capitalization back above a trillion. Crypto investors may feel like we’ve gone back to the heady days of Bitcoin’s bull run—though of course we’re far from its 2021 highs. Bitcoin (BTC) blew up 16% over the past week and trades at $22,963 at the time of writing, according to CoinGecko data. That’s still a 64% drop from Bitcoin's all-time high above $69,000 on November 10, 2021. Ethereum (ETH) rose 14% and currently trades at $1,654. On Tuesday, the Ethereum network hit 500,000 validators ahead of March’s scheduled Shanghai upgrade. Shanghai will allow validators, who each must stake 32 ETH (about $50k) to begin mining Ethereum using the network’s proof-of-stake consensus mechanism, to withdraw their staked ETH and any rewards that have accrued so far. The two market leaders had briefly dipped on Wednesday in anticipation of a U.S. Department of Justice announcement concerning a “major international cryptocurrency action.” Even Binance CEO Changpeng Zhao appeared to be spooked , but it ended up being about a little-known Chinese exchange called Bitzlato, prompting many memes and much hilarity on Twitter. For the third straight week, Solana (SOL) led the market rebound , rising more than any other top 20 coin. SOL is up 40% over the last seven days to reclaim $25. Of all the leading cryptocurrencies, Solana was worst affected by the FTX meltdown in November last year due to the fact that FTX was one of the earliest and largest financial backers and endorsers of the cryptocurrency. Solana was trading at nearly $36 when the crisis began, ultimately bottoming out below $10, so the recovery comes as massive relief to steadfast SOL holders. Popular memecoin Shiba Inu (SHIB) also had an explosive week and blew up nearly 28%, far outpacing the memecoin it parodies, Dogecoin (DOGE), which added 7.4% to its price. Story continues Metaverse coins were another big small cap investment this week. Decentraland’s MANA led the charge with a mighty 79% rally to $0.73, but metaverse token rallies were generally large this week. Other notable rallies this week include XRP, which blew up 9% to $0.41, Polygon (MATIC) rose 11% to $1.02, TRON surged 9.7% to $0.063, and Avalanche (AVAX) climbed 12.8% to $17.39. Discussing a digital Euro Finally, over in the political world, there weren’t many further steps taken towards regulating crypto anywhere in the world this week, but some interesting news came out of Brussels. The European Central Bank is currently investigating the feasibility of releasing a cryptocurrency of its own—a digital Euro. The Eurogroup, which comprises finance ministers of EU member states employing the Euro (€), regularly meets to discuss the topic. In their latest exchange, they concluded that any currency created by the digital Euro project must offer EU citizens privacy and fall in line “with other policy objectives such as preventing money laundering, illicit financing, tax evasion, and ensuring sanctions compliance.” On Tuesday, the European Parliament once again delayed voting on the bloc’s landmark Markets in Crypto Assets (MiCA) bill—a unified regulatory framework that, if passed, will be applied to crypto across the Union. Voting will now happen in April.", "The third full week of 2023 was also thethird consecutive weekof market-wide gains for all the top cryptocurrencies.\nMarket leaders Bitcoin and Ethereum have kept pace with each other toonce morebring crypto’s total market capitalization back above a trillion. Crypto investors may feel like we’ve gone back to the heady days of Bitcoin’s bull run—though of course we’re far from its 2021 highs.\nBitcoin (BTC) blew up 16% over the past week and trades at $22,963 at the time of writing, according to CoinGecko data. That’s still a 64% drop from Bitcoin's all-time high above $69,000 on November 10, 2021.\nEthereum (ETH) rose 14% and currently trades at $1,654. On Tuesday, the Ethereum networkhit 500,000 validatorsahead of March’s scheduled Shanghai upgrade. Shanghai will allow validators, who each must stake 32 ETH (about $50k) to begin mining Ethereum using the network’s proof-of-stake consensus mechanism, to withdraw their staked ETH and any rewards that have accrued so far.\nThe two market leaders had briefly dipped on Wednesday in anticipation of a U.S. Department of Justice announcement concerning a “major international cryptocurrency action.” Even Binance CEO Changpeng Zhao appeared to bespooked, but it ended up being about a little-known Chinese exchange called Bitzlato, prompting manymemesand muchhilarityon Twitter.\nFor the third straight week, Solana (SOL)led the market rebound, rising more than any other top 20 coin. SOL is up 40% over the last seven days to reclaim $25.\nOf all the leading cryptocurrencies, Solana was worst affected by the FTX meltdown in November last year due to the fact that FTX was one of the earliest and largest financial backers and endorsers of the cryptocurrency. Solana was trading at nearly $36 when the crisis began, ultimately bottoming out below $10, so the recovery comes as massive relief to steadfast SOL holders.\nPopular memecoin Shiba Inu (SHIB) also hadan explosive weekand blew up nearly 28%, far outpacing the memecoin it parodies, Dogecoin (DOGE), which added 7.4% to its price.\nMetaverse coins were anotherbig small cap investmentthis week. Decentraland’s MANA led the charge with a mighty 79% rally to $0.73, but metaverse token rallies weregenerally largethis week.\nOther notable rallies this week include XRP, which blew up 9% to $0.41, Polygon (MATIC) rose 11% to $1.02, TRON surged 9.7% to $0.063, and Avalanche (AVAX) climbed 12.8% to $17.39.\nFinally, over in the political world, there weren’t many further steps taken towards regulating crypto anywhere in the world this week, but some interesting news came out of Brussels.\nThe European Central Bank is currently investigating the feasibility of releasing a cryptocurrency of its own—a digital Euro. The Eurogroup, which comprises finance ministers of EU member states employing the Euro (€), regularly meets to discuss the topic.\nIn their latest exchange, theyconcludedthat any currency created by the digital Euro projectmust offer EU citizens privacyand fall in line “with other policy objectives such as preventing money laundering, illicit financing, tax evasion, and ensuring sanctions compliance.”\nOn Tuesday, the European Parliament once againdelayedvoting on the bloc’s landmark Markets in Crypto Assets (MiCA) bill—a unified regulatory framework that, if passed, will be applied to crypto across the Union. Voting will now happen in April.", "The third full week of 2023 was also thethird consecutive weekof market-wide gains for all the top cryptocurrencies.\nMarket leaders Bitcoin and Ethereum have kept pace with each other toonce morebring crypto’s total market capitalization back above a trillion. Crypto investors may feel like we’ve gone back to the heady days of Bitcoin’s bull run—though of course we’re far from its 2021 highs.\nBitcoin (BTC) blew up 16% over the past week and trades at $22,963 at the time of writing, according to CoinGecko data. That’s still a 64% drop from Bitcoin's all-time high above $69,000 on November 10, 2021.\nEthereum (ETH) rose 14% and currently trades at $1,654. On Tuesday, the Ethereum networkhit 500,000 validatorsahead of March’s scheduled Shanghai upgrade. Shanghai will allow validators, who each must stake 32 ETH (about $50k) to begin mining Ethereum using the network’s proof-of-stake consensus mechanism, to withdraw their staked ETH and any rewards that have accrued so far.\nThe two market leaders had briefly dipped on Wednesday in anticipation of a U.S. Department of Justice announcement concerning a “major international cryptocurrency action.” Even Binance CEO Changpeng Zhao appeared to bespooked, but it ended up being about a little-known Chinese exchange called Bitzlato, prompting manymemesand muchhilarityon Twitter.\nFor the third straight week, Solana (SOL)led the market rebound, rising more than any other top 20 coin. SOL is up 40% over the last seven days to reclaim $25.\nOf all the leading cryptocurrencies, Solana was worst affected by the FTX meltdown in November last year due to the fact that FTX was one of the earliest and largest financial backers and endorsers of the cryptocurrency. Solana was trading at nearly $36 when the crisis began, ultimately bottoming out below $10, so the recovery comes as massive relief to steadfast SOL holders.\nPopular memecoin Shiba Inu (SHIB) also hadan explosive weekand blew up nearly 28%, far outpacing the memecoin it parodies, Dogecoin (DOGE), which added 7.4% to its price.\nMetaverse coins were anotherbig small cap investmentthis week. Decentraland’s MANA led the charge with a mighty 79% rally to $0.73, but metaverse token rallies weregenerally largethis week.\nOther notable rallies this week include XRP, which blew up 9% to $0.41, Polygon (MATIC) rose 11% to $1.02, TRON surged 9.7% to $0.063, and Avalanche (AVAX) climbed 12.8% to $17.39.\nFinally, over in the political world, there weren’t many further steps taken towards regulating crypto anywhere in the world this week, but some interesting news came out of Brussels.\nThe European Central Bank is currently investigating the feasibility of releasing a cryptocurrency of its own—a digital Euro. The Eurogroup, which comprises finance ministers of EU member states employing the Euro (€), regularly meets to discuss the topic.\nIn their latest exchange, theyconcludedthat any currency created by the digital Euro projectmust offer EU citizens privacyand fall in line “with other policy objectives such as preventing money laundering, illicit financing, tax evasion, and ensuring sanctions compliance.”\nOn Tuesday, the European Parliament once againdelayedvoting on the bloc’s landmark Markets in Crypto Assets (MiCA) bill—a unified regulatory framework that, if passed, will be applied to crypto across the Union. Voting will now happen in April.", "Over the past week, Ethereum is burning hotter than ever.\nAs part ofEIP (Ethereum Improvement Proposal) 1559, launched all the way back in August 2021, the protocol has been\xa0burning ETH (crypto lingo for destroying)at a massive rate.\nAs per EIP-1559, a portion of all Ethereum transactions are destroyed: a piece of every NFT trade, yield strategy, and even simple token transfers. It’s all getting torched.\nSince EIP-1559 was implemented, a grand total of 2.8 million ETH has been removed from circulation or roughly$4.6billionat today’s prices.\nIn just the last seven days, the Ethereum protocol has destroyed more than 16,364 ETH at an estimated rate of 1.62 ETH per minute, according toUltrasound Money.\nThis burn mechanism also means that there is more ETH being destroyed than being issued to miners. Supply growth has now dropped to -1.06% per year since EIP 1559. This makes Ethereum more deflationary than Bitcoin, which was heralded as the originalsoundmoney (hence the use of the ultrasound money meme by ETH heads).\nThe below chart shows how the network’s token supply has changed over various checkpoints and upgrades. The dotted portion suggests that the deflationary trend is expected to continue over the next two years.\nThe only real reason that this projection wouldn’t be fulfilled would be if ETH adoption and usage falls off a cliff. Remember: With every transaction on the network, ETH gets burned.\nIn this way, we might use this burn rate as another way to measure adoption for the network.\nSo, which use categories (as defined by Ultrasound Money) are leading adoption on Ethereum? Over the past week, it'sNFTandDeFiactivity fueling Ethereum’s flame.\nThese two categories have been responsible for the destruction of almost 8,000 ETH this week, with the market leaders in each category—OpenSea (~1,298 ETH) and Uniswap V3 (~876 ETH)—being the key drivers of that.\nThis metric also gives us a touch more insight into the stablecoin battle between USDT and USDC. We all know that the former’s market cap is still miles ahead of the latter’s, but Tether’s offering is also responsible for more than three times the amount of Ethereum being burned.\nUSDT transfers burned roughly 705 ETH this week, while USDC transfers burned just 228 ETH. In other words, USDT continues to lead usage in terms of stablecoin adoption on Ethereum.\nAs network activity continues apace, the Ethereum community will continue to watch it burn.", "Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) Over the past week, Ethereum is burning hotter than ever. As part of EIP (Ethereum Improvement Proposal) 1559 , launched all the way back in August 2021, the protocol has been\xa0burning ETH (crypto lingo for destroying) at a massive rate . As per EIP-1559, a portion of all Ethereum transactions are destroyed: a piece of every NFT trade, yield strategy, and even simple token transfers. It’s all getting torched. Since EIP-1559 was implemented, a grand total of 2.8 million ETH has been removed from circulation or roughly $4.6 billion at today’s prices. In just the last seven days, the Ethereum protocol has destroyed more than 16,364 ETH at an estimated rate of 1.62 ETH per minute, according to Ultrasound Money . This burn mechanism also means that there is more ETH being destroyed than being issued to miners. Supply growth has now dropped to -1.06% per year since EIP 1559. This makes Ethereum more deflationary than Bitcoin, which was heralded as the original sound money (hence the use of the ultrasound money meme by ETH heads). The below chart shows how the network’s token supply has changed over various checkpoints and upgrades. The dotted portion suggests that the deflationary trend is expected to continue over the next two years. ETH supply projections via ultrasound.money. The only real reason that this projection wouldn’t be fulfilled would be if ETH adoption and usage falls off a cliff. Remember: With every transaction on the network, ETH gets burned. In this way, we might use this burn rate as another way to measure adoption for the network. So, which use categories (as defined by Ultrasound Money) are leading adoption on Ethereum? Over the past week, it's NFT and DeFi activity fueling Ethereum’s flame. These two categories have been responsible for the destruction of almost 8,000 ETH this week, with the market leaders in each category—OpenSea (~1,298 ETH) and Uniswap V3 (~876 ETH)—being the key drivers of that. This metric also gives us a touch more insight into the stablecoin battle between USDT and USDC. We all know that the former’s market cap is still miles ahead of the latter’s, but Tether’s offering is also responsible for more than three times the amount of Ethereum being burned. USDT transfers burned roughly 705 ETH this week, while USDC transfers burned just 228 ETH. In other words, USDT continues to lead usage in terms of stablecoin adoption on Ethereum. As network activity continues apace, the Ethereum community will continue to watch it burn.", "Denver, CO, United States - ( NewMediaWire ) - January 21, 2023 - ( King Newswire ) - MetaGo , the world's emerging intelligent financial platform, is proud to announce its official launch as a one-stop blockchain service provider. Headquartered in the United States and founded by a group of computer technology experts, including Jonathan and Joseph Sydney, who co-founded MetaGo Group, the platform is set to revolutionize the blockchain industry. MetaGo's unique technology allows for automatic distribution of proceeds from AlphaGo arbitrage to users' coin deposit accounts. AlphaGo arbitrage is a process where the platform can automatically identify the volume, activity, and spread of major trading platforms worldwide and buy and sell at low and high prices between platforms, earning the difference. The MetaGo Group's funds are regulated, and the platform is committed to becoming the world's most intelligent blockchain platform, offering a wide range of benefits. The company's initial focus is on completing the launch of MetaGo on global famous exchanges and gradually becoming the world's leading listed blockchain trading platform. As part of its commitment to giving back to society, the company plans to donate a significant portion of its assets to charitable causes such as children's education and elderly care. The company is also proud to announce that it will be joining the meta-universe, with MAG coin as the platform's mother coin. MAG coin is the mother coin of the platform and the only pass-through of the group's blockchain. The group will officially start the internal private placement phase, which is scheduled to begin in the following year. As the world becomes increasingly digital, cryptocurrencies are the natural trend in monetary development. MetaGo will be the first digital currency used by everyone in their daily lives, marking a major step forward in the global adoption of cryptocurrencies. Unlike Bitcoin, which provides a fixed supply of currency to the global population, MetaGo provides a fixed MetaGo value for each person who joins the network, up to the first 100 million participants. Story continues In addition to that, METAGO creates a fixed number of coins for each member who joins the network and releases them over time based on their level of participation and contribution to network security. This release follows an exponentially decreasing function, similar to Bitcoin. As a top quantitative trading platform, METAGO covers a wide range of data in the blockchain space and supports the use of its own currency, as well as other mainstream coins like USDT, ETH, BTC, FIL, BNB, SHIB, DOGE, and AXS. Consequently, In the coming year, the MetaGo development department will be fully engaged in the global strategic deployment, which is not only a change in the regional sense but also a change in the historical significance of meta-universe technology. About the company MetaGo MetaGo AI has established itself as a global blockchain service provider offering a comprehensive one-stop service through its advanced blockchain technology. It is founded by a team of computer technology experts. For more information, please visit https://metagoai.com/ . Media Contact Contact Person: Joseph Sydney Company Name: MetaGo AI Website: https://metagoai.com/ Email: [email protected] City: Denver State: CO Country: United States", "Denver, CO, United States - ( NewMediaWire ) - January 21, 2023 - ( King Newswire ) - MetaGo , the world's emerging intelligent financial platform, is proud to announce its official launch as a one-stop blockchain service provider. Headquartered in the United States and founded by a group of computer technology experts, including Jonathan and Joseph Sydney, who co-founded MetaGo Group, the platform is set to revolutionize the blockchain industry. MetaGo's unique technology allows for automatic distribution of proceeds from AlphaGo arbitrage to users' coin deposit accounts. AlphaGo arbitrage is a process where the platform can automatically identify the volume, activity, and spread of major trading platforms worldwide and buy and sell at low and high prices between platforms, earning the difference. The MetaGo Group's funds are regulated, and the platform is committed to becoming the world's most intelligent blockchain platform, offering a wide range of benefits. The company's initial focus is on completing the launch of MetaGo on global famous exchanges and gradually becoming the world's leading listed blockchain trading platform. As part of its commitment to giving back to society, the company plans to donate a significant portion of its assets to charitable causes such as children's education and elderly care. The company is also proud to announce that it will be joining the meta-universe, with MAG coin as the platform's mother coin. MAG coin is the mother coin of the platform and the only pass-through of the group's blockchain. The group will officially start the internal private placement phase, which is scheduled to begin in the following year. As the world becomes increasingly digital, cryptocurrencies are the natural trend in monetary development. MetaGo will be the first digital currency used by everyone in their daily lives, marking a major step forward in the global adoption of cryptocurrencies. Unlike Bitcoin, which provides a fixed supply of currency to the global population, MetaGo provides a fixed MetaGo value for each person who joins the network, up to the first 100 million participants. Story continues In addition to that, METAGO creates a fixed number of coins for each member who joins the network and releases them over time based on their level of participation and contribution to network security. This release follows an exponentially decreasing function, similar to Bitcoin. As a top quantitative trading platform, METAGO covers a wide range of data in the blockchain space and supports the use of its own currency, as well as other mainstream coins like USDT, ETH, BTC, FIL, BNB, SHIB, DOGE, and AXS. Consequently, In the coming year, the MetaGo development department will be fully engaged in the global strategic deployment, which is not only a change in the regional se
**Last 60 Days of Bitcoin's Closing Prices:**
[16189.77, 16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-21
**Financial & Commodity Data:**
- Gold Closing Price: $1926.40
- Crude Oil Closing Price: $81.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $434,590,585,812
- Hash Rate: 257871158.96664968
- Transaction Count: 287860.0
- Unique Addresses: 676478.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Stablecoin provider Circle is no longer set to list publicly, in a decision that has been approved by the directors of both Circle and Concord Acquisition Corp. Circle had been eyeing an entry into the stock market via a merger with Concord Acquisition Corp, a New York Stock Exchange (NYSE) listed special purpose acquisition company (SPAC) backed by former Barclays CEO Bob Diamond. The merger could not be consummated before the expiration of the transaction agreement as the SEC has yet to declare the S4 registration statement effective, a Circle representative told Decrypt via email. Third Times a Charm? Bitcoin Miner Bitdeer Delays $4B SPAC Deal Again A SPAC, otherwise known as a blank check company, is a company with no business operations formed to raise capital via an Initial Public Offering or merging with another firm. The firm had been anticipating a 2022 date for the listing, with its chief financial officer Jeremy Fox-Geen telling Decrypt he expected the process to be completed at some point in the fourth quarter of this year in an interview in July of this year. The agreement between the two companies would have valued Circle at $9 billion , an increase from the $4.5 billion which was originally announced in July 2021. Circle is primarily known as the company behind stablecoin USDC , currently one of the largest cryptocurrencies and the second largest stablecoin by market capitalization exceeding $43 billion as per CoinGecko. Circle continues to be a profitable firm, posting total revenue, inclusive of interest on its reserves of $274 million and net income of $43 million in the third quarter of 2022, according to its CEO Jeremy Allaire. The company also claims to have $400 million in unrestricted cash supplies. Allaire said that the move to terminate the agreement was disappointing but that Circle is still set on becoming a public company. As for when, though, there are no clear answers. We are not prepared to put a specific deadline on the decision, but we will be taking steps to continue our journey to go public as soon as practicable, the spokesperson told Decrypt ....
- Reddit Posts (Sample): [['u/GabeSter', 'The curious case against Polkadot: The price is down roughly 23% over two years yet the marketcap is the same thanks to DOT inflation.', 199, '2023-01-21 00:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/', '# What you should know:\n\nIn case you didn\'t know Polkadot has high inflation. On Dec. 31st 2020 Polkadot had \\~895K in circulating supply, as of Jan. 20th 2023 Dot has a circulating supply of \\~1,159K an increase of \\~23% over two years or roughly 11% a year. Now to the benefit of DOT holders inflation can be beaten by staking Polkadot with staking rewards currently about 15% annually. Meaning you can get more DOT than the annual inflation rate by staking your DOT.\n\n# The curious case against Polkadot.\n\nTo understand what this inflation means for Polkadot we have to take a really basic look at price and marketcap.\n\nOn Dec. 31st 2020, Polkadot had a marketcap of $7.28B, a price of $8.13 and a marketcap rank of 6.\n\n[https:\\/\\/web.archive.org\\/web\\/20201231174731\\/https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/zspi21301ada1.png?width=1009&format=png&auto=webp&v=enabled&s=2e98955a520e1e1ef5e7f0763e07fafba91302af)\n\nToday Jan. 20th 2023, Polkadot has a marketcap of 7.18B, a price of $6.20 and a marketcap rank of 12.\n\n[https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/v1i93anf1ada1.png?width=1081&format=png&auto=webp&v=enabled&s=9a861fc2a48c31fda01e4fd3cccf56b74ec6b05d)\n\nWhat this means is thanks to inflation the price has dropped roughly 23% in about two years and the marketcap has stayed constant. Dot has high sustained inflation, yes you can still "beat it" via staking but the pressure still exists and anyone investing in DOT should know about this, as the price is not guaranteed to move relative to inflation.\n\n# Conclusion\n\nDue to that high rate of inflation you can deduce a few considerations\n\n* Dot is not a crypto you want to hold if you aren\'t staking it.\n* Holding it long term in a bear market will likely cause you to see higher than average losses (compared to other crypto assets) thanks to the inflation rate creating sustained selling pressure.\n* In an environment where inflation is so high, DOT maintains it\'s total marketcap at the expense of it\'s price.\n* A large number of DOT holders **are not staking** or the rewards could not be \\~1.4X the inflation rate.\n\nLast Important Note: "Beating Inflation" does not guarantee you\'ll profit as that depends separately on price movement. It just means you will get more **total Dot** relative to the **total supply increase**.\n\nFor those curious about what "crypto" looked like on 12/31/2020 this is for you. BTC was about $28K and ETH was about $740.\n\n[https:\\/\\/web.archive.org\\/web\\/20201231174731\\/https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/iqw4hujm4ada1.png?width=1018&format=png&auto=webp&v=enabled&s=371fe6e2a3903646bacae4a14b09748cf115827e)', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/', '10hbyya', [['u/Slainte042', 19, '2023-01-21 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57jty0/', "One of the reasons i'm still around here are quality posts like this one. Thank you.", '10hbyya'], ['u/MaeronTargaryen', 41, '2023-01-21 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57la61/', 'I’ll never understand why people who hold a high inflation coin wouldn’t stake it on its native wallet.', '10hbyya'], ['u/Odlavso', 24, '2023-01-21 00:28', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57m094/', "I don't know much about DOT but from what I've read it's a bit tricky to stake and has a minimum amount required. I believe they are trying to change this or maybe it was just changed but it might be one of the reasons.", '10hbyya'], ['u/MaeronTargaryen', 12, '2023-01-21 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57mcbm/', 'I’ve heard that too, I have to admit my only high inflation coin is ATOM and staking is the easiest thing ever. But that’s why you DYOR, if you want to buy DOT but won’t have enough to stake it, or you don’t understand how, maybe it’s not the right investment for you', '10hbyya'], ['u/JERMYNC', 23, '2023-01-21 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57myw6/', "What OP didn't mention is that DOT is up 35% for the month. \n\nMy DOT is staked, and I'm seeing great returns as the market moves up. \n\nDOT is now in the Top 10 Market Cap. It's a must hold IMO", '10hbyya'], ['u/Soil_Electronic', 18, '2023-01-21 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57nmdu/', 'Last year Polkadot introduced nomination pools you can stake starting from 1 DOT and it’s like 3 clicks', '10hbyya'], ['u/JERMYNC', 11, '2023-01-21 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57o05w/', 'Most of Mine is currently staked on Kraken. Paying 9-12%', '10hbyya'], ['u/GabeSter', 12, '2023-01-21 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57obtf/', 'I’m not fuding DOT in my post and I’m surprised that was your takeaway... Basically everything is up over the month.', '10hbyya'], ['u/JERMYNC', 13, '2023-01-21 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57ovtm/', 'Your Title was "curious case against DOT." Which seemed negative to me. \n\nI appreciate your POST, it\'s both informative and accurate. My takeaway is to keep DOT staked in order to counter the inflation risks. I hope you continue to post quality pieces my friend.', '10hbyya'], ['u/Soil_Electronic', 11, '2023-01-21 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57p7ix/', 'I’m a DOT holder and I found this post great to shed a light on disadvantages and advantages end of the day people themselves have to do due diligence. DOT was my first defi,crowdloan experience and because of it I learned a lot in this space. It might not be a moon shot that goes x100. But it has bright feature ahead', '10hbyya'], ['u/Uno-91', 57, '2023-01-21 00:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57pg8w/', 'I have to be honest and say that I found interest in Polkadot and invested early in 2022 but never staked but I am just coming around to doing it. Better late than never I guess. Thanks for a good and important post for people looking to get into DOT.', '10hbyya'], ['u/Odlavso', 11, '2023-01-21 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57qz77/', "That's not staking, that's lending your DOT to kraken.", '10hbyya'], ['u/Lillica_Golden_SHIB', 15, '2023-01-21 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57vacc/', 'Hats down to OP, really nice when people put in the time to bring quality content to the sub', '10hbyya'], ['u/sportspadawan13', 15, '2023-01-21 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j5815gz/', "Staked and got a boatload, certainly offsetting inflation. But doesn't really matter when it's 93% down from ATH and 75% down from my average...", '10hbyya'], ['u/Soil_Electronic', 14, '2023-01-21 03:51', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58cs9a/', 'Look up talisman wallet you can use that with your ledger (your DOT still stays in the ledger) and stake through there using nominations pools. And for liquid staking it’s Parallel', '10hbyya'], ['u/diegun81', 10, '2023-01-21 04:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58e56u/', 'I use talisman wallet, you need 1 dot and it’s so easy to stake. I used to stake in kraken and changed as talisman did that. Ofc chose the pool you prefer, used talisman because was the first i heard of.', '10hbyya'], ['u/3utt5lut', 11, '2023-01-21 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58x6vh/', "The emphasis on Polkadot is that they don't want users to stake it or the rewards would go down (duh). Before the Nomination Pools came out, it was (is) a total shitshow to even use their native staking.\n\nLast bullrun, the market cap was essentially 10x what it is now, price was still reasonably affordable even at the $55 ATH. The idea behind Polkadot is to remain affordable so people can actually buy it and use it, especially in their parachain crowdloans (which is the entire purpose of the network). If people can't buy it, they can't functionally use the network as intended.\n\nAlthough, Polkadot does have denominations similar to Bitcoin's Satoshis (Sats); Plancks, where 1 DOT = 10,000,000,000 Planck. So they have planned for future outcomes where the price/affordability can join into one, the same way anyone can inadvertently stack Sats regardless of what crypto they buy.", '10hbyya'], ['u/kirtash93', 15, '2023-01-21 08:38', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j595b45/', 'DOT is one of my most promising projects in my portfolio. I am happy I have never stop my DCA.', '10hbyya']]], ['u/HODL-THE-LINE', 'maybe the ratio is a good indicator of where we are in the cycle', 21, '2023-01-21 00:45', 'https://www.reddit.com/r/CryptoCurrency/comments/10hcytv/maybe_the_ratio_is_a_good_indicator_of_where_we/', "I noticed something today. Things are really going slow on this subreddit. We have a 0.91 ratio and we only have so many new posts per hour. A few months ago you could just keep commenting, then hit refresh and comment again. Right now it takes a few minutes before a new post appears. Even longer. \n\nMeanwhile BTC went from 16.000 to 22.000 in very short time. I'd have expected the ratio to go down, because people come back to comment, because things are looking brighter. But it looks like some people have left the Cryptospace for good. They're not just waiting on the sidelines to jump in again.\n\nIn my experience, Bearmarket doesn't end before a lot of people have turned away. I bet there is a mathematical explanation or statistical explanation for that but I'm just talking from experience.\n\nSo, while I don't believe, that the bearmarket is over, I think we did find the bottom.", 'https://www.reddit.com/r/CryptoCurrency/comments/10hcytv/maybe_the_ratio_is_a_good_indicator_of_where_we/', '10hcytv', [['u/UncleFatty_', 12, '2023-01-21 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/10hcytv/maybe_the_ratio_is_a_good_indicator_of_where_we/j57qm9z/', 'Maybe people are getting stingier with their likes?', '10hcytv'], ['u/DBRiMatt', 15, '2023-01-21 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/10hcytv/maybe_the_ratio_is_a_good_indicator_of_where_we/j57xj1r/', 'People always have been in this sub, can get 10 replies to a comment/post, and 0 karma.\n\nBut then you can comment "This is a casino" in any post that mentions some form of price action, and its a lucky dip of which comment will earn over 100 karma.', '10hcytv']]], ['u/floppy_panoos', "What if we've been played?", 55, '2023-01-21 03:07', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/', "Ok, so first off, I'm SUPER high right now and you'll probably need a tin-foil-hat for this one...\n\nI'm wondering if this whole 2022 shit-show was all just a set up for what's about to happen? Let me explain...\n\nTurns out, the Saudi's announced that they are open to trade in alternative currencies: [https://www.reuters.com/article/us-saudi-usa-oil-exclusive/exclusive-saudi-arabia-threatens-to-ditch-dollar-oil-trades-to-stop-nopec-sources-idUSKCN1RH008](https://www.reuters.com/article/us-saudi-usa-oil-exclusive/exclusive-saudi-arabia-threatens-to-ditch-dollar-oil-trades-to-stop-nopec-sources-idUSKCN1RH008)\n\n[https://news.bitcoin.com/saudi-arabia-open-to-trading-in-currencies-other-than-us-dollar-signaling-a-shift-toward-de-dollarization/](https://news.bitcoin.com/saudi-arabia-open-to-trading-in-currencies-other-than-us-dollar-signaling-a-shift-toward-de-dollarization/)\n\nyah, I know, you already knew that... But did you consider what if all of the sudden China starts buying oil in yuan, The UK in pounds, etc...? Likely they begin to dump their treasuries and bonds, sending yields through the roof.\n\nAnyway, it got me wondering about the rate at which the Fed is currently hiking. 4.25% in a single year, all to fight inflation that they claimed was transitory for so long? Are they making up for lost credibility OR the US knew talks were deteriorating and got The Fed to hike faster in order to allow for a backstop when the markets shit the bed?\n\nEdit: added another link to the announcement", 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/', '10hfyzp', [['u/VisualMod', 11, '2023-01-21 03:07', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j5879xh/', ">It's possible that the Fed knew about the possibility of oil trade shifting away from the dollar and hiked rates in order to prevent a sharp decline in the value of the currency. However, it's also possible that they are simply trying to fight inflation as they have claimed all along. It's hard to say for sure without knowing more about their internal deliberations.", '10hfyzp'], ['u/floppy_panoos', 13, '2023-01-21 03:12', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j587tsc/', '> It\'s hard to say for sure without knowing more about their internal deliberations.\n\nThat\'s a weird way of saying "you fucking idiot" to me', '10hfyzp'], ['u/yao97ming', 12, '2023-01-21 03:14', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j5882e9/', 'Ok so wen crash?', '10hfyzp'], ['u/yao97ming', 18, '2023-01-21 03:16', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j588c54/', 'Ok Jan 23 got it', '10hfyzp'], ['u/ihaveathingforyou', 71, '2023-01-21 03:54', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j58d5oo/', 'Where is the graph asshole?', '10hfyzp'], ['u/tofeelistounderstand', 15, '2023-01-21 04:00', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j58dto0/', 'Me like big tits and stonks, Gronk no like to think about long term', '10hfyzp'], ['u/Weary-Pineapple-5974', 30, '2023-01-21 04:59', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j58krk7/', 'The reason oil transactions and international currencies are tied to the USD is stability. The Chinese Yuan is historically less stable than USD, so that’s the foundational framework behind the US petrodollar and its status/importance in global trade. \n\nA mix in currencies transacted, as you mentioned, would cause massive price volatility, and eventually higher prices for smaller nations. Interestingly, the British Pound was the world’s most stable currency for several centuries, up until WWI.', '10hfyzp'], ['u/Able-Interaction2489', 26, '2023-01-21 07:28', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j58zpha/', "Chinese $$ are not freely convertible.\n\nThe commie's want to have their thumb on the scale, so that will never become a reserve currency.\n\nEuro has a chance but that has its own set of problems, German 10Y bonds vs Italian 10Y bonds in the same currency have nearly a 200bp spread, how's that setup gonna be a global trade standard.\n\nTHE USD as a reserve will be here for a loooooong time.", '10hfyzp'], ['u/mlamping', 10, '2023-01-21 09:11', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j597r66/', 'Lmao currency isn’t gold anymore. Any person who believes that needs to move back to the 1800s.\n\nCurrency in todays world is assurance of debt settlement. That’s it. It’s a promise of exchange of my time to you. It’s no longer a barter tool.\n\nUnless we go back into the dark ages, no one accepting Russian, “gold backed” dollars. If I want to get my gold from Russia because I can’t spend rubbles in X country, you think Putin will happily give it to me.\n\nMoney is a promise, and if you think countries with dictators who can make your money disappear, make disputes over contracts unresolvable, etc, will be honest actors with any financial instrument is laughable.', '10hfyzp'], ['u/GingerStank', 14, '2023-01-21 16:43', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j5adzof/', 'I love this idea that we’re “ass backwards” in the modern age, like who do you imagine is above us in the modern age? One of 2 adversaries blown up on the world stage as some significant threat to us, can’t even beat their next door neighbors. China looks rosy from the outside, it’s a rotting shithole from the inside. Canned air, they have to at times distribute cans of air, they’re literally living in Space Balls, but do go imagining we’re “ass backwards” while clearly in the top spot in the world.', '10hfyzp'], ['u/GingerStank', 11, '2023-01-21 16:46', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j5aec24/', 'I’ve heard it’s going to happen any day now for about 20 years, absolutely nothing has changed, it’s still just totally gonna happen any day now.', '10hfyzp'], ['u/WowAPenguin', 28, '2023-01-21 16:50', 'https://www.reddit.com/r/wallstreetbets/comments/10hfyzp/what_if_weve_been_played/j5aeyda/', "You're just high douchebag. I thought I figured out time travel on a coke bender once.", '10hfyzp']]], ['u/CityofGrond', 'META: Can the sub finally ban any “Why is Bitcoin pumping / falling now!?” posts that pop up every day? The answer has not l changed since the last 500 times it’s been posted.', 653, '2023-01-21 04:49', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/', 'It’s getting cringe at this point. The answer will never not be one of the following:\n\n**why is butts pumping?**\n\n1.\tThe price is fake, heavily manipulated by bad actors using wash trading, bots, and unbacked Stablecoins\n\n\n2.\tButters are easily scammed again and again with bullshit news to provide pump & dump exit liquidity to the bad actors mentioned above. \n\n\n3.\tThe exchanges / crypto whales actively collaborate to blow out the billions of leveraged shorts on the order books. \n\n**why is butts falling?**\n\n1.\tThe price is heavily manipulated by bad actors, bots, wash trading, and fake Stablecoins\n\n\n2.\tAnother massive crypto Ponzi scheme got hacked, collapsed, froze withdrawals, founders arrested, etc etc \n\n\n3.\tThe exchanges / crypto whales actively collaborate to blow out the billions of leveraged longs on the order books to turn butters into exit liquidity \n\nThat’s it. There’s no other answers. No deeper fundamental. Just scams, schemers and morons all the way down. \n\nAutomod can easily take over explaining', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/', '10hhwd2', [['u/barsoapguy', 153, '2023-01-21 05:06', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58lifd/', 'Can we make this post the auto mod answer , all of it even the part that calls them morons .', '10hhwd2'], ['u/i-can-sleep-for-days', 14, '2023-01-21 05:32', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58oglf/', 'It’s extremely correlated with tech stocks. In fact, since bitcoin is traded 247 I can look at how bitcoin is doing before the market opens and get a sense on how the market moves. Sure the volume is fake and backed up by stale coins, but the sentiment is generally the same. \n\nWhy it is this way, I do not know.', '10hhwd2'], ['u/CityofGrond', 12, '2023-01-21 06:00', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58rg64/', 'Covered under “bots”.', '10hhwd2'], ['u/CityofGrond', 32, '2023-01-21 06:33', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58uokr/', 'We like the fireworks', '10hhwd2'], ['u/amakai', 21, '2023-01-21 06:44', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58vqal/', 'Same as the point of a sub with funny cat videos.', '10hhwd2'], ['u/BlitzTech', 27, '2023-01-21 07:00', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58x7wd/', 'Alternative suggestion: one mod-sanctioned thread for the news underlying the price action (e.g. Gemini filing for chapter 11), the rest get the ax. I still want to know what’s going on but the format of “why is X happening” and digging through the comments is not my preferred way of finding out news.', '10hhwd2'], ['u/LocknDamn', 20, '2023-01-21 07:07', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58xwqf/', 'For auto reply, I kinda prefer the shorter answer posted below haha', '10hhwd2'], ['u/LocknDamn', 12, '2023-01-21 07:11', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58y7en/', 'Or monkey jpegs', '10hhwd2'], ['u/The_Northern_Light', 16, '2023-01-21 07:14', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58yh51/', 'Imagine using gay as an insult in the year of our lord 2023', '10hhwd2'], ['u/fragglet', 27, '2023-01-21 07:15', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58ykpf/', '> for basically no reason\n\nlol', '10hhwd2'], ['u/The_Northern_Light', 22, '2023-01-21 07:15', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58ymg8/', 'Because it preys victim to well intentioned fools, and we find that (and all who support it) **reprehensible**', '10hhwd2'], ['u/slant__i', 22, '2023-01-21 07:21', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58z5s4/', 'SBF doesn’t know either.\n\nCompletely solvent.', '10hhwd2'], ['u/aquilaPUR', 17, '2023-01-21 07:23', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j58z9gb/', "100%.\n\nIt's just a random number. By giving it any kind of Attention or Meaning you're just as stupid as the Butters.\n\nWe KNOW it's a dumpster fire ponzi scheme, even if it goes to 100k.", '10hhwd2'], ['u/The_Northern_Light', 13, '2023-01-21 08:04', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j592nwv/', 'I’m smart. I’m savvy. I was born with it. I could always see things other people couldn’t. Even as a little kid I could see what adults couldn’t; plain as day. I was born lucky.\n\nJust so, there are other people who are born slow. People born, yes I know the words hurt, stupid. Retarded. Slow. Who struggle where the normal person has clarity.\n\nThese people are preyed upon by scoundrels. En masse. *That’s fucked up.* And I’m never going to stop opposing it. And fuck you for excusing it.', '10hhwd2'], ['u/zenithfury', 11, '2023-01-21 08:29', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j594mtj/', 'Personally I wouldn’t ban those threads. Some of those people making those threads are trolls, which makes for okay comedy when it invites other people’s annoyance. Sure there shouldn’t be 20 of those threads every day, but surely the downvote button will take care of the lazy ones.', '10hhwd2'], ['u/Oabuitre', 34, '2023-01-21 08:59', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j596wba/', 'I can understand people questioning why a price rally happens on an asset with a fundamental value of 0, it would be a complete falsification of efficient market theory', '10hhwd2'], ['u/StopHavingAnOpinion', 10, '2023-01-21 09:49', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j59aljc/', "> basically no reason? \n\nApart from it's value being hypothetically and practically fraudulent and it's lolbertarian fanbase? No reason.", '10hhwd2'], ['u/itsnotlupus', 15, '2023-01-21 10:37', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j59e3ig/', "But it's part of the charm of this little cottage.\n\nTake all the dumb posts away and try to turn it into /r/TheoryOfButtcoin or /r/AskButtcoinians and you'll pretty much just kill the subreddit in the process.\n\nI don't think this is supposed to be a fancy sub full of superior intellects. It's just a place to make fun of Bitcoin, and well I guess of cryptos in general nowadays.\n\nAt the same time, I won't argue that there isn't a sense of contamination from the other crypto subs when *they* get excited about the price and then *we* do too. \n\nBut I don't know that this should be forcefully moderated away. \nThen again there are a lot more mods here now than in the olden days. \n\nAh, I'm sure the CEO of Buttcoin will do what's best.", '10hhwd2'], ['u/aquilaPUR', 24, '2023-01-21 11:58', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j59jy65/', "Bitcoin HAS no Value and creates no value. You literally can't do anything with it but hodl until some bigger Idiot buys it from you for more and this guy has to sell to another Idiot ad infinitum.. we also call this a zero sum game. But actually BTC is negative sum..\n\nStill have to pay your Bills in Dollars, so yeah. That number means nothing.\n\nI don't expect butters to grasp this simple reality though, but feel free to seethe and cope some more on this sub, it's always fun seeing Butters in the wild emberassing themselves", '10hhwd2'], ['u/wrg5y5ye5y5e6', 11, '2023-01-21 12:17', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j59lb1e/', 'Odd question. What is the price at which **you** would concede that BTC has died?\n\nWhat would convince me of the utility of crypto is a useful application of it in the real world besides evading regulation and speculation, independently of the price. I still have not seen one but I am open in principle.\n\nAs for crypto ever "going away", even if no useful application is ever found, I don\'t think it ever will go away because there is always some moron who wants to speculate or some criminal who wants to trade drugs, weapons, child porn, or evade taxes. Unless and until, of course, a better tech for those applications comes around.\n\nIn either case (dying or succeeding), it is not through price that I would conclude that either has happened, although it would be an indirect indicator. But even then, volume is a better metric than price for that.', '10hhwd2'], ['u/wrg5y5ye5y5e6', 13, '2023-01-21 12:40', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j59n2ia/', '> $0 will mark the death of bitcoin\n\nThat is literally impossible to happen: Whoever trades bitcoin will always do it for a nonzero price.\n\n> What about using crypto (bitcoin namely) in countries where one cannot obtain a bank account,\n\nBe more specific: Which country, what is preventing people there from obtaining a bank account, and how does bitcoin solve that?\n\n> or their money is hyperinflating away?\n\nIf the problem is hyperinflation, there are thousands of better alternatives to crypto.\n\n> do you feel comfortable in fiat and the greenback knowing that it is also inflating away, they are printing more out of thin air, and it is purely backed by the greed and corruption of politicians?\n\nI am sorry, but you need to stop going to conspiracy theory websites and study some proper economics instead of spewing out meaningless bullshit. That is a ridiculous word salad. What does "fiat is backed by the greed and corruption of politicians" even mean?\n\n> Currencies have a shelf life, and we are overdue for a new one to be introduced, just look at the history of currencies.\n\nThat is one of the most idiotic thing I have read in my whole life. Currencies *do* fail, but not because of a predictable "shelf life" that a currency can be "overdue" on.\n\n> I will bet that one backed by hard math (bitcoin) will succeed at the very least, as a store of value.\n\n"Backed by hard math"? You are either a troll or a complete moron.', '10hhwd2'], ['u/wrg5y5ye5y5e6', 12, '2023-01-21 12:57', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j59ogkj/', '> You can\'t convince the inconvincible\n\nYes you can! You could, for example, start by studying a textbook of economics, for example Mankiw\'s *Principles of Economics*. Then you would at least have a basic understanding of the meaning of words like "inflation", "money", "currency", and "backing". That in turn would allow you, among other things, to:\n\n1. Understand why the claim that a currency is "backed by hard math" is worse than wrong, it is just devoid of any meaning.\n2. Whether currencies have a "shelf life" that they can be "overdue on".\n\nIgnorance is optional!', '10hhwd2'], ['u/AmericanScream', 12, '2023-01-21 16:10', 'https://www.reddit.com/r/Buttcoin/comments/10hhwd2/meta_can_the_sub_finally_ban_any_why_is_bitcoin/j5a9ewa/', 'The mistake we often make in this sub is assuming that if we provide a set of logical, rational, more evidence-based explanations for things, *that butters will "understand"*. \n\nIn reality, those guys arbitrarily embrace whatever narrative makes them feel better, regardless of whether it makes sense or not.\n\nI don\'t think that we should stop doing this, but I have to routinely remind myself, intellectually, we\'re dealing with immature children.\n\nThe term "apes" is eerily accurate in my opinion. These people are good at pantomiming what they see and hear. Less so at understanding what it really means.', '10hhwd2']]], ['u/QualifiedUser', 'The fact that ETH maxis feel threatened by Solana is the most bullish signal I’ve seen so far.', 93, '2023-01-21 05:14', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/', 'The funny thing is I’m chain agnostic. I hold ETH and most ETH L2s. I just love the tech behind Solana. I’ve seen increasing unease in the ETH maxi community as Solana continues to “not die” but gain large sections of market share and retake the top 10. If Solana is truly “not a threat” then why all the Fud and hate? We are way too early to be calling winners and losers yet ETH maxis seem intent on doing just that. Everything they accuse Bitcoin maxis of becoming they themselves have turned into. Personally I have no idea who wins out in the end, but I’ve been using Solana for quite some time and I personally love the Phantom wallet and the ease of use this blockchain offers plus the ridiculously low fees. I don’t know which narrative ultimately wins in the end but the fact that Solana is making so many maxis from other chains nervous is a good sign to me.', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/', '10hicpk', [['u/Fantastic-Cucumber-1', 35, '2023-01-21 07:16', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j58ynea/', 'It’s not about who will win. Both chains have their own functions. This post is childish.', '10hicpk'], ['u/nelsonmckey', 17, '2023-01-21 09:06', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j597ehu/', 'I think there’s a much larger overlap between the two communities than you may think, especially after NFT summer.\n\nI’m seeing a lot of bridges being built at the moment as well, with wallets dapps and users increasingly covering Solana, Ethereum and Polygon.', '10hicpk'], ['u/Shadrock50', 13, '2023-01-21 10:40', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j59ebaf/', 'Are you 12?', '10hicpk'], ['u/Simple-Nobody6857', 30, '2023-01-21 10:48', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j59evom/', 'Are they? Vitalik literally tweeted in support of Solana... L1s can exist side by side with each other.', '10hicpk'], ['u/sebastiback90', 15, '2023-01-21 10:48', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j59evt1/', "You claim to be chain agnostic yet you used the word win at least three times. This isn't a competition. Both should thrive in the future with competent devs", '10hicpk'], ['u/Sohelik', 15, '2023-01-21 11:31', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j59hxeq/', 'Both chains will thrive in the future, pls stop with this.\n\nI own both and I support both.', '10hicpk'], ['u/lostharbor', 10, '2023-01-21 13:12', 'https://www.reddit.com/r/solana/comments/10hicpk/the_fact_that_eth_maxis_feel_threatened_by_solana/j59pm8s/', 'Sounds like OP has validation issues.', '10hicpk']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, January 21, 2023', 39, '2023-01-21 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/', '10hj5s8', [['u/spinbarkit', 11, '2023-01-21 07:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j591zq0/', "so far so good. this year started really great. let's go let's go let's go! I don't know about you guys, I don't trade now but it feels so refreshing to see some upside action and to this point it doesn't melt away. it snows here heavily, coffee tastes great, let's watch some charts...", '10hj5s8'], ['u/Maegfaer', 20, '2023-01-21 10:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59dzwr/', "I remember years ago we used to have discussions here about the virtues and vices of leveraged trading, i.e. lending coins or fiat for interest or borrowing them to sell them on the market. I wonder what the general sentiment is right now after the disasters of last year?\n\nPersonally, I don't believe anymore that this makes a market more efficient or less volatile. It just seems to bottle up volatility for a big explosion later in mass liquidations and/or defaults. \n\nNot that I advocate for prohibition, that hardly works in a global market like Bitcoin. But it may be an important moral consideration for people that do not exclusively care about personal short-term profits (those that also want to see Bitcoin succeed long-term). \n\nWe might strive to make it a social norm, like not dumping your trash in nature. You may want to refrain from lending out your coins even if you feel the default risk is negligible, just not to contribute to an over-leveraged and manipulated market.", '10hj5s8'], ['u/YearlyPaltry', 15, '2023-01-21 10:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59epdq/', 'I would like to see 23k today.', '10hj5s8'], ['u/skarbowkajestsuper', 10, '2023-01-21 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59et21/', 'Anyone still on the sidelines? Curious to hear your perspectives.', '10hj5s8'], ['u/Yodel_And_Hodl_Mode', 15, '2023-01-21 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59fwh0/', "Hey hey hey, we hit 23k!\n\nI don't understand what is driving this move upward, but I'm enjoying the ride.\n\nEDIT: $23,320 ish... and then we noped our way back down.", '10hj5s8'], ['u/Downtown-Ad-4117', 14, '2023-01-21 11:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59fy1b/', 'Up only until 12k guys fomo.', '10hj5s8'], ['u/YearlyPaltry', 12, '2023-01-21 11:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59fzw5/', 'I would like to see 24k today.', '10hj5s8'], ['u/Taviiiiii', 13, '2023-01-21 11:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59g28s/', 'we be eatin tonite homies', '10hj5s8'], ['u/The_holy_Cryptoporus', 18, '2023-01-21 11:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59g5yq/', 'Its been a while since we last pumped over 10% in 24h', '10hj5s8'], ['u/Taviiiiii', 12, '2023-01-21 11:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59g6h0/', 'I think your browser is frozen', '10hj5s8'], ['u/ohmygodbeats7', 11, '2023-01-21 11:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59gh6m/', 'Neat.', '10hj5s8'], ['u/alarmcloque', 10, '2023-01-21 11:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59gk28/', 'Please edit your message quickly for 24k', '10hj5s8'], ['u/YearlyPaltry', 15, '2023-01-21 11:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59hl0e/', 'WTF is this 5m candle lol', '10hj5s8'], ['u/grydit', 15, '2023-01-21 11:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59hrg3/', 'Someone took profits', '10hj5s8'], ['u/de_moon', 30, '2023-01-21 11:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59hxoh/', "It feels like a lifetime ago that we jumped over 10%, but I remember it like it was about 8 days ago. We went from $18.8k at 9am to $21k to 9pm. The final pump happened so late in the evening, it was technically in the next daily candle. \n\nIt's too bad most people here were too young to see it. What a spectacle! You may be able to find it in the old archives if they havent decayed due to their age.", '10hj5s8'], ['u/Magikarpeles', 15, '2023-01-21 11:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59j32z/', 'Lol we are way overextended. Pullbacks are healthy and normal.', '10hj5s8'], ['u/BatteredLittleFish', 15, '2023-01-21 12:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59mq90/', "There's your dip, see you at 25k.", '10hj5s8'], ['u/NewYearSameProblem', 20, '2023-01-21 12:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59o2mh/', 'To be fair, there are some compelling reasons to be cautious this cycle.\n\nThe ATH in 2021 was decidedly lower than many were expecting, and on the way down, we did end up crossing underneath some never-before-broken moving averages. We also dipped below a prior ATH, another first.\n\nThe equity markets are currently in a downturn (albeit trying to rally). The next few months will prove critical for price action IMO, declaration of a US recession or not will likely play a major role.\n\nThere is a LOT more right now to be fired up about though. BTC is smashing through resistances left and right, and has serious momentum for the first time in ages. This month has been a much needed breath of fresh air.\n\nAlways stay frosty, and stay alert. Be sure to have a plan in place if the market moves against you!', '10hj5s8'], ['u/thewardser', 21, '2023-01-21 13:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59sq8q/', 'i think this is going to be an up only weekend, so going to hold my long', '10hj5s8'], ['u/xtal_00', 13, '2023-01-21 14:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59y5xj/', 'Woke up, saw my trade executed closed, damn must have got stopped out.\n\nNope, TP at 22700 executed.\n\nThere’s the test on 23k; if we stabilize above 22800 it’s going to want to go higher still.\n\nEventually the corn runs out.', '10hj5s8'], ['u/dopeboyrico', 25, '2023-01-21 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59yhr4/', 'If we somehow manage to break the August 2022 local high of $25.1k before March 2023 when YoY CPI begins to fall off a cliff and everyone suddenly flips bullish on macro realizing the Fed can’t possibly keep rates “higher for longer” as they’ve repeatedly insisted we might have a serious chance at seeing a new ATH before the halving for the first time ever since we’ll have both momentum AND macro pushing BTC higher.\n\nI’m guessing $25.1k isn’t broken until March when macro begins to work in favor of BTC but would love to be wrong.', '10hj5s8'], ['u/dexX7', 27, '2023-01-21 14:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59zd9r/', 'BuT bItCoIn NeEdS a ReTeSt oF 19k BeFoRe MoViNg HiGhEr!', '10hj5s8'], ['u/CovFefeParty', 11, '2023-01-21 14:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j59zdyr/', "What's another 10% from here 😀", '10hj5s8'], ['u/thewardser', 15, '2023-01-21 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5a21y0/', 'we consolidated and reset the 4H MACD, so there is room to move up on the technicals\n\nwe also broke though a major resistance point, so there should be some upside until we hit the next one', '10hj5s8'], ['u/DEEPFIELDSTAR', 10, '2023-01-21 15:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5a2834/', 'Now we do the bullflag thing again. Looks good.', '10hj5s8'], ['u/Westbrook_Level', 14, '2023-01-21 15:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5a2do1/', 'I was unsure of what the crypto world would be like without SBF and 3AC and Genesis giving out loans, but I’m liking what I see so far.', '10hj5s8'], ['u/diydude2', 11, '2023-01-21 15:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5a2jfo/', "> I’m guessing $25.1k isn’t broken until March when macro begins to work in favor of BTC but would love to be wrong\n\nI've got some good news for you, loverboy.", '10hj5s8'], ['u/Cadenca', 18, '2023-01-21 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5a5lwp/', 'Imagine the seething shorts who keep loading up like GODDAMNIT THIS TIME it has to dump. Bitcoin gets everyone the same way, just sometimes in reverse. The move never happens when you want it to.', '10hj5s8'], ['u/TheBowlofBeans', 13, '2023-01-21 15:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5a6uv2/', "Bitcoin doesn't ever need to do a God damn thing", '10hj5s8'], ['u/BootyPoppinPanda', 34, '2023-01-21 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aarzx/', 'Looks more and more each day like we\'re doing the whole "leave the haters in the dust" thing. 12k entries get fucked. About as delusional as I was thinking I could unload a chunk in the mid 100ks in 2021.', '10hj5s8'], ['u/RabbitProofFences', 13, '2023-01-21 16:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5abapc/', 'Nope. I sold a few million sats around 22.7 from an 18.6 spot entry. So we are going straight to 24.4 soon.', '10hj5s8'], ['u/Ok_File_9520', 16, '2023-01-21 16:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5ae8ub/', 'This reminds me of mid 2016 run up.', '10hj5s8'], ['u/By-hi-sell-lo', 12, '2023-01-21 16:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aekws/', "Well, just to jinx things... I'm going to share that my portfolio is now at an ATH. Started in 2017, lost half my bags on Quadriga CX in 2019. Lucked out by spending most of the current bear market messing around with stables in defi. Also lucked out by moving away from BlockFi and Terra before it was too late. Bought back into BTC this summer around $20k, and almost got wiped out riding a low-lev position down to $15k.\n\nI feel like I've used up all my luck for now 😅 approximately half my btc bags are in cold storage now, with the remainder as WBTC collateral on AAVE.\n\nI plan on riding this 1.7x long of my entire trading stack past the halving into 2024, but it's going to be difficult not to sell or attempt to trade it on the way up, through what I expect to be serious volatility.", '10hj5s8'], ['u/Westbrook_Level', 23, '2023-01-21 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aep21/', 'How much of your BTC on FTX was sold to do things like buy the Miami Heat arena naming rights for $135 million?\n\nFor reference the arena was constructed in 1999 for $213 million.', '10hj5s8'], ['u/zberg69420', 11, '2023-01-21 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aepv5/', 'Btc choosing violence on a weekend morning? What a try hard', '10hj5s8'], ['u/Had_Boating_Accident', 17, '2023-01-21 16:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aeyr8/', 'Chinese New Year pump. Nice!', '10hj5s8'], ['u/RetardIdiotTrader', 11, '2023-01-21 16:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5afsas/', 'Wall Street bonuses this time of the year too!', '10hj5s8'], ['u/OkeyDokieBoomer', 10, '2023-01-21 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5ajya4/', "I'm glad you're in a good spot now.", '10hj5s8'], ['u/escendoergoexisto', 11, '2023-01-21 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5amjbl/', 'Here’s a consistent strength indicator—the market is back above the trillion market cap.', '10hj5s8'], ['u/gore_skywalker', 15, '2023-01-21 17:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5ank9n/', 'I’m unloading some here. Unpopular opinion: 25k then we go back to 15k.', '10hj5s8'], ['u/Dr_collar_pauper', 11, '2023-01-21 18:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aqgn1/', 'You’re right, I don’t like this opinion.', '10hj5s8'], ['u/crisishedgehog', 11, '2023-01-21 18:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5aqs36/', 'Only in my dreams do we even go and touch 18k again', '10hj5s8'], ['u/bittabet', 10, '2023-01-21 18:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5asqjm/', 'I actually sold off some spot (0.3% of the stack so nothing crazy) to move to the trading stack so I can attempt a short here that won’t be immediately liquidated. Surprised there’s been so much upward movement over a weekend but I think we see a ~10% pullback next week before going higher. I could be wrong and it just goes straight line up to $30K but then the other 99.7% of the stack will be happy 😂', '10hj5s8'], ['u/AccidentalArbitrage', 11, '2023-01-21 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/10hj5s8/daily_discussion_saturday_january_21_2023/j5asw9t/', "Last weekend certainly wasn't.", '10hj5s8'], ['u/btcluvr', 12, '2023-01-21 18:31', 'https://www.reddit.com/r/B...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['editor\'s node column The jokes wrote themselves. On Wednesday, the U.S. Department of Justice declared ominously that it would hold a live press conference at noon to announce an "International Cryptocurrency Enforcement Action." Crypto Twitter panicked, and so did crypto prices . Bitcoin and Ethereum each fell nearly 5% in just a few minutes, amounting to a flash crash. Which big player was caught in the DOJ\'s crosshairs? Binance was a popular bet, and CZ didn\'t help matters by tweeting just "4," which he announced on January 2 is his new signal for incoming "FUD, fake news, attacks, etc." Then the press conference happened. It wasn\'t Binance. It wasn\'t Celsius, or Voyager, or Blockfi, or any other bankrupt crypto lender that screwed over its customers. It was a Hong Kong-based, Russian-owned crypto exchange called Bitzlato. Bitz-what? Bitzlatte? I\'ve been writing about crypto since 2011, and never heard of it. Bitzlato has like 1,400 followers and hasn\'t tweeted in almost a year pic.twitter.com/VMNqVMSo5x — Jacquelyn Melinek (@jacqmelinek) January 18, 2023 Bitzlato, the DOJ said , processed more than $700 million in illicit funds, including millions in proceeds from ransomware. Okay. But as of January 18, Bitzlato customer wallets had... $11,000 in them, according to a Coinbase operations director . At Bitzlato\'s peak, customer wallets held $6 million—a trifle. And yet DOJ Deputy Attorney General Lisa Monaco touted the enforcement action as "a significant blow to the cryptocrime ecosystem." She said Bitzlato, "fueled a high-tech axis of cryptocrime." The crypto market quickly rebounded . vibes pic.twitter.com/NuLYoMfG5g — 219.eth (@219_eth) January 18, 2023 I could embed a bunch more of the best memes on this, but let\'s move on to the Why, and the What This Means. Story continues The DOJ is attempting to flex. People in crypto laughed at it, but those outside crypto probably didn\'t. The U.S. government wants to make crystal clear—especially after the massively scrutinized collapse of FTX—that it is aware of CRYPTO CRIME (!) and is taking decisive action. The DOJ has reportedly been investigating Binance since 2018 , and according to Reuters is split over whether to bring charges. It\'s been rumored that the DOJ is also investigating Digital Currency Group , owner of crypto lender Genesis, which filed for bankruptcy this week. And the DOJ isn\'t alone: the SEC charged both Genesis and Gemini at once last week for violating securities laws. SEC Commissioner Hester Peirce, in an interview on our gm podcast last month, was reluctant to say outright that the FTX meltdown will lead directly to more crypto regulation. But it\'s clear that at the very least it has already led to more posturing. And Peirce did say she hopes it won\'t lead her peers to overreact with hasty restrictions. “I think we should all be on the lookout for regulatory frameworks that are developed in the context of enforcement action, because it’s a very tempting thing for regulators to do that,” Peirce said. “And it just cuts everybody else out of the process.” I frequently say that people in crypto have an irrational fear of the very word "regulation." They presume regulating crypto means shutting it down entirely, when regulation could simply mean—in an ideal scenario for all—creating new safeguards for retail investors. That said, what Sam Bankman-Fried hath wrought is a new climate in which regulators and politicians are feeling more pressured than ever before to show they\'re serious about ridding crypto of the bad actors. And that could lead to overreach. We already saw it last year with Tornado Cash . The next big hyped enforcement action may not be against some small-time player.', 'The jokes wrote themselves.\nOn Wednesday, the U.S. Department of Justicedeclaredominously that it would hold a live press conference at noon to announce an "International Cryptocurrency Enforcement Action."\nCrypto Twitter panicked, andso did crypto prices. Bitcoin and Ethereum each fell nearly 5% in just a few minutes, amounting to a flash crash. Which big player was caught in the DOJ\'s crosshairs? Binance was a popular bet, and CZ didn\'t help matters bytweetingjust "4," which heannouncedon January 2 is his new signal for incoming "FUD, fake news, attacks, etc."\nThen the press conference happened. It wasn\'t Binance. It wasn\'t Celsius, or Voyager, or Blockfi, or any other bankrupt crypto lender that screwed over its customers. It was a Hong Kong-based, Russian-owned crypto exchange called Bitzlato.\nBitz-what? Bitzlatte? I\'ve been writing about crypto since 2011, and never heard of it.\nBitzlato, theDOJ said, processed more than $700 million in illicit funds, including millions in proceeds from ransomware.\nOkay. But as of January 18, Bitzlato customer wallets had... $11,000 in them,according to a Coinbase operations director. At Bitzlato\'s peak, customer wallets held $6 million—a trifle. And yet DOJ Deputy Attorney General Lisa Monaco touted the enforcement action as "a significant blow to the cryptocrime ecosystem." She said Bitzlato, "fueled a high-tech axis of cryptocrime."\nThe crypto marketquickly rebounded.\nI could embed a bunch more of the best memes on this, but let\'s move on to the Why, and the What This Means.\nThe DOJ is attempting to flex.\nPeople in crypto laughed at it, but those outside crypto probably didn\'t. The U.S. government wants to make crystal clear—especially after the massively scrutinized collapse of FTX—that it is aware ofCRYPTO CRIME(!) and is taking decisive action.\nThe DOJ has reportedly beeninvestigating Binance since 2018, and according toReutersis split over whether to bring charges. It\'s been rumored that the DOJ is alsoinvestigating Digital Currency Group, owner of crypto lender Genesis, whichfiled for bankruptcythis week.\nAnd the DOJ isn\'t alone: the SECcharged both Genesis and Gemini at oncelast week for violating securities laws.\nSEC Commissioner Hester Peirce, in aninterview on our gm podcastlast month, was reluctant to say outright that the FTX meltdown will lead directly to more crypto regulation. But it\'s clear that at the very least it has already led to more posturing. And Peirce did say she hopes it won\'t lead her peers to overreact with hasty restrictions.\n“I think we should all be on the lookout for regulatory frameworks that are developed in the context of enforcement action, because it’s a very tempting thing for regulators to do that,” Peirce said. “And it just cuts everybody else out of the process.”\nI frequently say that people in crypto have an irrational fear of the very word "regulation." They presume regulating crypto means shutting it down entirely, when regulation could simply mean—in an ideal scenario for all—creating new safeguards for retail investors.\nThat said, what Sam Bankman-Fried hath wrought is a new climate in which regulators and politicians are feeling more pressured than ever before to show they\'re serious about ridding crypto of the bad actors. And that could lead to overreach. We already saw it last year withTornado Cash.\nThe next big hyped enforcement action may not be against some small-time player.', 'The outlook for the world economy is getting gloomier. Two-thirds (67%) of private and public sector chief economists surveyed by the World Economic Forum (WEF) recently said they expect a global recession in 2023 .\xa0 While the stocks of companies that sell essential products, such as healthcare, utilities and groceries, would likely hold up well during a recession, the stocks of companies involved in discretionary pursuits, i.e. travel, dining out and entertainment, often get brutalized during economic downturns as consumers are forced to reduce their spending on such items. A growing wave of layoffs are likely to force people to count their pennies even more closely. Here are three stocks to sell ASAP following the World Economic Forum’s recession prediction for 2023. SIX Six Flags $26.80 DRI Darden $148 MA Mastercard $381 Six Flags (SIX) The Six Flags (SIX) Magic Mountain sign in Los Angeles, California. Source: Martina Badini/Shutterstock.com Amusement parks are viewed as a luxury at the best of times. Riding a rollercoaster, while fun, is hardly necessary. For this reason, the stock of Six Flags Entertainment (NYSE: SIX ) is likely not one you want in your portfolio if the economy tanks. The Texas-based company runs nearly 30 amusement and water parks in the U.S., Canada and Mexico. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company’s business has struggled since the Covid-19 pandemic in 2020 forced its parks to close for lengthy periods or operate at reduced capacity. A recession in 2023 would just be the latest blow to a stock that has declined 60% in the last five years. In the past year alone, SIX stock has dropped 32%. To keep up with inflation, the company was forced to raise its prices in 2022. That resulted in a 25% year-over-year decline in park attendance during the first nine months of last year. Its total revenue dropped 9% and its net income fell 23% in the same time period. A recession would further hurt park attendance and profits, making Six Flags Entertainment a stock to sell ASAP. Story continues Darden Restaurants (DRI) an Olive Garden sign on the front of the restaurant Source: Shutterstock People will still dine out during a recession, but they’ll look for cheaper alternatives. The dollar menu at McDonald’s (NYSE: MCD ) can become very popular when times are tough. That would be bad news for Darden Restaurants (NYSE: DRI ), which runs popular dine-in chains such as Olive Garden and the Longhorn Steakhouse. These full-service restaurants have difficulty competing against their fast food competitors and drive-thru counters during lean times. A recession in 2023 would come at arguably the worst possible time for Darden Restaurants, whose more than 1,800 locations across the U.S. and Canada are still recovering from the pandemic. Over the past 12 months, DRI stock has risen 8% after struggling mightily during 2020 and 2021 when its restaurants were largely closed. In the company’s fiscal second quarter which ended in November, its total sales increased 9.4% versus the same period a year earlier to $2.5 billion i. A recession this year would be a gut punch to the company and its shareholders. Mastercard (MA) A close-up shot of Mastercard credit or debit cards. Source: Alexander Yakimov / Shutterstock.com Credit card giant Mastercard (NYSE: MA ) is typically a great stock to own. The New York-based company’s share price has gained 120% over the last five years and it has risen 9% in the last 12 months . However, during an economic recession, Mastercard and other major credit card issuers are likely to take it on the chin. That is because their top and bottom lines will plunge as consumers stop using credit cards for discretionary spending such as booking hotels and paying for air fares, entertainment and dining out. And consumers are less likely to use their credit cards to pay for essential items such as their mortgage and home-heating bills. Mastercard, whose network encompasses more than 3 billion credit cards issued worldwide, performed very well over the last year as the global economy emerged from the pandemic. Specifically, the company’s net revenue rose 20% and its net income grew 17% during the first nine months of 2022, compared with the same period a year earlier. And Mastercard’s operating margin of 55% remains exceptionally strong. However, the company struggled during the early months of the pandemic when its share price fell nearly 40%. It could have problems again if we enter a recession that is deeper and more prolonged than expected. That makes Mastercard a stock to sell ASAP following the World Economic Forum’s recession prediction for 2023. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The post 3 Stocks to Sell ASAP Following the WEF’s Recession Prediction for 2023 appeared first on InvestorPlace .', 'The outlook for the world economy is getting gloomier. Two-thirds (67%) of private and public sector chief economists surveyed by the World Economic Forum (WEF) recently said they expect aglobal recession in 2023.\xa0 While the stocks of companies that sell essential products, such as healthcare, utilities and groceries, would likely hold up well during a recession, the stocks of companies involved in discretionary pursuits, i.e. travel, dining out and entertainment, often get brutalized during economic downturns as consumers are forced to reduce their spending on such items. Agrowing wave of layoffsare likely to force people to count their pennies even more closely. Here are three stocks to sell ASAP following the World Economic Forum’s recession prediction for 2023.\n[{"SIX": "DRI", "Six Flags": "Darden", "$26.80": "$148"}, {"SIX": "MA", "Six Flags": "Mastercard", "$26.80": "$381"}]\nSource: Martina Badini/Shutterstock.com\nAmusement parks are viewed as a luxury at the best of times. Riding a rollercoaster, while fun, is hardly necessary. For this reason, the stock ofSix Flags Entertainment(NYSE:SIX) is likelynot one you want in your portfolioif the economy tanks. The Texas-based company runs nearly 30 amusement and water parks in the U.S., Canada and Mexico.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nThe company’s business has struggled since the Covid-19 pandemic in 2020 forced its parks to close for lengthy periods or operate at reduced capacity. A recession in 2023 would just be the latest blow to a stock that has declined 60% in the last five years.\nIn the past year alone, SIX stock has dropped 32%. To keep up with inflation, the company was forced to raise its prices in 2022. That resulted in a 25% year-over-yeardecline in park attendanceduring the first nine months of last year.\nIts total revenue dropped 9% and its net income fell 23% in the same time period. A recession would further hurt park attendance and profits, making Six Flags Entertainment a stock to sell ASAP.\nSource: Shutterstock\nPeople will still dine out during a recession, but they’ll look for cheaper alternatives. The dollar menu atMcDonald’s(NYSE:MCD) can become very popular when times are tough. That would be bad news forDarden Restaurants(NYSE:DRI), which runs popular dine-in chains such as Olive Garden and the Longhorn Steakhouse. These full-service restaurants havedifficulty competingagainst their fast food competitors and drive-thru counters during lean times.\nA recession in 2023 would come at arguably the worst possible time for Darden Restaurants, whose more than 1,800 locations across the U.S. and Canada are still recovering from the pandemic.\nOver the past 12 months, DRI stock has risen 8% after struggling mightily during 2020 and 2021 when its restaurants were largely closed. In the company’s fiscal second quarter which ended in November, itstotal sales increased9.4% versus the same period a year earlier to $2.5 billion i. A recession this year would be a gut punch to the company and its shareholders.\nSource: Alexander Yakimov / Shutterstock.com\nCredit card giantMastercard(NYSE:MA) is typically a great stock to own. The New York-based company’s share price has gained 120% over the last five years and it has risen 9% in the last 12 months .\nHowever, during an economic recession, Mastercard and other major credit card issuers are likely to take it on the chin. That is because their top and bottom lines willplungeas consumers stop using credit cards for discretionary spending such as booking hotels and paying for air fares, entertainment and dining out. And consumers are less likely to use their credit cards to pay for essential items such as their mortgage and home-heating bills.\nMastercard, whose network encompasses more than 3 billion credit cards issued worldwide, performed very well over the last year as the global economy emerged from the pandemic. Specifically, the company’snet revenue rose 20%and its net income grew 17% during the first nine months of 2022, compared with the same period a year earlier.\nAnd Mastercard’s operating margin of 55% remains exceptionally strong. However, the company struggled during the early months of the pandemic when its share price fell nearly 40%. It could have problems again if we enter a recession that is deeper and more prolonged than expected.\nThat makes Mastercard a stock to sell ASAP following the World Economic Forum’s recession prediction for 2023.\nOn the date of publication, Joel Bagloledid not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nJoel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\nThe post3 Stocks to Sell ASAP Following the WEF’s Recession Prediction for 2023appeared first onInvestorPlace.', 'There was a time when plant-based burgers and related food products were all the rage on Wall Street. The business-news media heavily covered the best vegan stocks to buy. Many pundits, including myself, wrote about the potential, future initial public offerings of rising stars within the sector such asImpossible Foods.\nMany believed plant-based foods were a license to print money. But, unfortunately, the industry’s bold predictions turned out to be more sizzle than steak.\nThe IPO market has slowed, and investors’ demand for vegan stocks appears to have fallen off a cliff. Only the most ardent supporters are talking up the industry these days. It seems that it is in a deep freeze, much like the one that cannabis has faced, only worse because the vegan sector is smaller than the cannabis space on a global scale.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nAccording to one estimate, the plant-based meat market will be worth$15.7 billionby 2027. Another forecast predicts that, in the same year, the cannabis market will reach $82.3 billion, more than five times the size of the plant-based meat space.\nIn December 2019, I wrote a column called the7 Stocks to Buy to Ride the Vegan Wage.Even back then, you could see that a full-scale exodus of meat eaters to veganism wasn’t going to happen.\nMore than three years later, I’m tasked with coming up with three vegan stocks to buy for 2023. Here are my choices.\n[{"INGR": "HAIN", "Ingredion": "Hain Celestial", "$102.15": "$18.86"}, {"INGR": "MGPI", "Ingredion": "MGP Ingredients", "$102.15": "$102.22"}]\nSource: Shutterstock\nIngredion(NYSE:INGR) is the largest of my three vegan stocks to buy. It has a market cap of $6.7 billion, putting it solidly in the mid-cap-stock camp. Food companies come to Ingredion when they need ingredients to help their products fly off the grocery store shelves.\nBased outside Chicago, Ingredion has more than19,000customers spread across 120 countries worldwide. Its ingredients are made in its 46 manufacturing facilities on five continents.\nIn Q3, its sales climbed 15% versus the same period a year earlier to $2.02 billion,with an operating income of $182 million, up from $172 million in Q3 of 2021. The company’s Specialty Ingredients segment generated 33% of the firm’s overall revenue in Q3 of 2022.\nOne of the growth catalysts for the Specialty Ingredients division is plant-based proteins. Using pulse-based proteins such as chickpeas, lentils, fava beans, and peas helps manufacturers create products with more protein, dietary fiber, and better texture.\nIn 2015, Specialty Ingredients accounted for24%of the company’s revenue. By 2025, INGR expects the unit to generate 40% of its $8 billion of revenue.\nTheseven analystswho cover INGR have an average rating of “overweight” on the shares with a mean price target of $103.60 on the name, slightly above where it closed on Friday. Based on the midpoint of its guidance, the company\xa0 is calling for full-year earnings per share, excluding some items,\xa0 of $7.18. Its shares trade at a reasonable 14.3 times its earnings.\nIt’s a relatively safe way to lean into the vegan and vegetarian movement.\nSource: IgorGolovniov / Shutterstock.com\nI’ve been a fan of Yves Veggie Cuisine products since I gave up meat about seven years ago. Of course, it helped that Yves, a maker of plant-based snacking and meal options for vegans and vegetarians,\xa0 got its start in Canada (where I live) in 1985. I especially like Yves’ fake bacon and fake bologna.\nHain Celestial Group(NASDAQ:HAIN) bought Yves in June 2001. At the time, the latter firm was generating$50 millionof revenue, with most of its sales coming from grocery stores and mass-market retailers. The acquisition was part of former Hain CEO Irwin Simon’s quest to make the company a global powerhouse in the healthy, natural food sector.\nHain, however,\xa0 didn’t quite accomplish that goal, and Simon was pushed out inJune 2018after founding the company more than 25 years earlier. He’s now the CEO ofTilray Brands(NASDAQ:TLRY).\nMark Schiller took over from Simon, spending the last four years selling some of the company’s units. Schillerstepped downat the end of December, but only aftersellingits Westbrae Natural Brand division, which had spent 25 years under the Hain Celestial umbrella, to the makers of Bush Beans in December.\nUnder Schiller, Hain became more\xa0 focused on the North American market. His successor, Wendy Davidson, has been an executive for several large packaged goods companies, includingKellogg(NYSE:K),McCormick & Co.(NYSE:MKC), andTyson Foods(NYSE:TSN).\nDown more than 50% over the past five years, HAIN stock is the perfect contrarian play for 2023.\nSource: Shutterstock\nMGP Ingredients(NASDAQ:MGPI) had an excellent year in 2022, as its stock gained 25%.\nIn April 2021, MGP bought Luxco, the maker of spirit brands such as Ezra Brooks, Rebel Yell, and many others, for $475 million,continuing its efforts to acquire higher-margin businesses.\nBefore MGP acquired Luxco, which added approximately $200 million to its annual top line, it had two main businesses: Distilling Solutions and Ingredient Solutions. The former unit makes distilled spirits for other manufacturers. The latter division createsspecialty wheat starches, wheat proteins, commodity wheat starches, and commodity wheat proteins.\nIn Q3, MGP’s sales rose 14% year-over-year to$201.2 million, as the sales of all three of its operating segments climbed, and its operating income increased 2% to $33.2 million. For all of 2022, it expects top-line revenue of at least $765 million with EBITDA, excluding some items, of $162 million. The firm predicts that its EBITDA margin will come in at 21.2%.\nThe company’s gross margins will increase as inflation moderates, causing its profits to rise. While the Ingredient Solutions business is a small part of MGP’s sales, it provides the company with greater diversification.\nWith MGP trading at 25.7 times its\xa0 cash flow, the stock’s\xa0 price-cash flow multiple is lower than its five-year average of 29 times.\nOn the date of publication, Will Ashworthdid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines.\nWill Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\nThe postThe 3 Best Vegan Stocks to Buy for 2023 and Beyondappeared first onInvestorPlace.', 'A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block772,793to the Bitcoin blockchain on Friday.\nAt the time the block was added, Bitcoin\'s total hash rate was just over 269 exahash per second, meaning the solo miner\'s 10 TH/s hash rate represented just 0.000000037% of the blockchain\'s entire computational power.\nPut simply: It was an extremely unlikely win for an individual miner.\nDespite the odds stacked against them, the solo miner was the first to produce a valid hash for the block to be mined. In return, the miner received 98% of the total 6.35939231 BTC allotted for the block reward and fees. The remaining 2% went to Solo CK Pool, an online mining service that facilitates individual mining.\nTo add a block to aproof-of-workblockchain like Bitcoin, the miner must be the first to calculate a valid hash for the block, which can only be discovered using brute computational force.\nMining machines run an encryption algorithm to produce a hash that falls below a threshold specified by the network. If the algorithm produces a value that is above the hash target, the miner tries the algorithm again with a slightly altered input to produce a completely new value for the hash. Miners built specifically to perform this function are able to compute trillions of unique hashes each second.\nHowever, even if a miner\'s machine were able to only produce one hash per second, it is theoretically possible that the algorithm\'s first output could be a valid hash to solve the block.\nThe chances of adding a block as a solo miner are determined by the number of hashes the miner\'s rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second.\nAccording to a post from user Willi9974 on theBitcoinTalk forumless than an hour after block 772,793 was solved, the lucky solo miner had an average hash rate over the previous hour of 10.6 TH/s.\nThe information posted on BitcoinTalk also revealed that the ~10 TH/s was the combined power of four machines (called "workers"). This suggests that this solo miner\'s rig was likely made up of four USB stick Bitcoin miners, which can individually achieve a hash rate of around 3 TH/s and cost roughly $200 each.\nUsing the difficulty levelincludedin block 772,793 and assuming the solo miner\'s rig was computing 10 TH/s, it is possible to calculate the total estimated hash rate as 269,082,950 TH/s at the time the block was solved.\nBased on this, the odds of this solo miner being the first to solve the block with a valid hash are one in 26.9 million. Statistically, that means that if the same circumstances were repeated infinite times, the solo miner would add the block 0.000000037% of the time, on average.\nWhile this scenario was extremely unlikely, similar "once-in-a-lifetime" events in Bitcoin mining have happened before.\nOne year ago, in less thantwo weeks, there werethree differentsolo miners that solved blocks with improbable hash rates—the third\'s hash rate wasapparentlyjust 8.3 TH/s in comparison to the estimated 190,719,350 TH/s total hash rate, which comes out to a one in 23 million chance (or 0.000000044%).\nA hash is either valid and thus solves the block, or it isn\'t. There is no strategy involved, as the entire system is based on the random generation of hash values and the response mechanisms of the network to maintain core probabilities. Bitcoin runs on code and formulas, so a solo miner somehow solving the next four blocks is perfectly possible within Bitcoin’s mathematical system.\nAnecdotes about solo miners like these could end up introducing a new hobby to the ever-hopeful. However, the vast majority of blocks added to the Bitcoin blockchain today have been produced by large pools of mining rigs that combine their hashing power and share earnings.\nIn doing so, each miner\'s contribution is rewarded proportionally each time the pool mines a block.\nAccording to blockchain explorer and mining poolBTC.com, the largest Bitcoin mining pool is currently Foundry USA, with its collective 90.19 EH/s computing power making up 31.3% of the network\'s total hash rate—which means they earn a share of the block rewards and fees for one in every three blocks, on average.\nMining poolsdate back to 2010and have steadily captured greater shares of hash rate distribution year over year as mining difficulty increased and mining technology improved. Today, at least 98% of Bitcoin miners online belong to a mining pool.', 'A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block772,793to the Bitcoin blockchain on Friday.\nAt the time the block was added, Bitcoin\'s total hash rate was just over 269 exahash per second, meaning the solo miner\'s 10 TH/s hash rate represented just 0.000000037% of the blockchain\'s entire computational power.\nPut simply: It was an extremely unlikely win for an individual miner.\nDespite the odds stacked against them, the solo miner was the first to produce a valid hash for the block to be mined. In return, the miner received 98% of the total 6.35939231 BTC allotted for the block reward and fees. The remaining 2% went to Solo CK Pool, an online mining service that facilitates individual mining.\nTo add a block to aproof-of-workblockchain like Bitcoin, the miner must be the first to calculate a valid hash for the block, which can only be discovered using brute computational force.\nMining machines run an encryption algorithm to produce a hash that falls below a threshold specified by the network. If the algorithm produces a value that is above the hash target, the miner tries the algorithm again with a slightly altered input to produce a completely new value for the hash. Miners built specifically to perform this function are able to compute trillions of unique hashes each second.\nHowever, even if a miner\'s machine were able to only produce one hash per second, it is theoretically possible that the algorithm\'s first output could be a valid hash to solve the block.\nThe chances of adding a block as a solo miner are determined by the number of hashes the miner\'s rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second.\nAccording to a post from user Willi9974 on theBitcoinTalk forumless than an hour after block 772,793 was solved, the lucky solo miner had an average hash rate over the previous hour of 10.6 TH/s.\nThe information posted on BitcoinTalk also revealed that the ~10 TH/s was the combined power of four machines (called "workers"). This suggests that this solo miner\'s rig was likely made up of four USB stick Bitcoin miners, which can individually achieve a hash rate of around 3 TH/s and cost roughly $200 each.\nUsing the difficulty levelincludedin block 772,793 and assuming the solo miner\'s rig was computing 10 TH/s, it is possible to calculate the total estimated hash rate as 269,082,950 TH/s at the time the block was solved.\nBased on this, the odds of this solo miner being the first to solve the block with a valid hash are one in 26.9 million. Statistically, that means that if the same circumstances were repeated infinite times, the solo miner would add the block 0.000000037% of the time, on average.\nWhile this scenario was extremely unlikely, similar "once-in-a-lifetime" events in Bitcoin mining have happened before.\nOne year ago, in less thantwo weeks, there werethree differentsolo miners that solved blocks with improbable hash rates—the third\'s hash rate wasapparentlyjust 8.3 TH/s in comparison to the estimated 190,719,350 TH/s total hash rate, which comes out to a one in 23 million chance (or 0.000000044%).\nA hash is either valid and thus solves the block, or it isn\'t. There is no strategy involved, as the entire system is based on the random generation of hash values and the response mechanisms of the network to maintain core probabilities. Bitcoin runs on code and formulas, so a solo miner somehow solving the next four blocks is perfectly possible within Bitcoin’s mathematical system.\nAnecdotes about solo miners like these could end up introducing a new hobby to the ever-hopeful. However, the vast majority of blocks added to the Bitcoin blockchain today have been produced by large pools of mining rigs that combine their hashing power and share earnings.\nIn doing so, each miner\'s contribution is rewarded proportionally each time the pool mines a block.\nAccording to blockchain explorer and mining poolBTC.com, the largest Bitcoin mining pool is currently Foundry USA, with its collective 90.19 EH/s computing power making up 31.3% of the network\'s total hash rate—which means they earn a share of the block rewards and fees for one in every three blocks, on average.\nMining poolsdate back to 2010and have steadily captured greater shares of hash rate distribution year over year as mining difficulty increased and mining technology improved. Today, at least 98% of Bitcoin miners online belong to a mining pool.', 'A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block 772,793 to the Bitcoin blockchain on Friday. At the time the block was added, Bitcoin\'s total hash rate was just over 269 exahash per second, meaning the solo miner\'s 10 TH/s hash rate represented just 0.000000037% of the blockchain\'s entire computational power. Put simply: It was an extremely unlikely win for an individual miner. Congratulations to miner 1CEmkQkgiCMx6DHSDkHi53mL8oEthCZSw with only 10TH who solved a solo block at https://t.co/UWgBvLkDqc ! https://t.co/0O7A7KR4eu \x97 Dr. Con Kolivas (@ckpooldev) January 20, 2023 Despite the odds stacked against them, the solo miner was the first to produce a valid hash for the block to be mined. In return, the miner received 98% of the total 6.35939231 BTC allotted for the block reward and fees. The remaining 2% went to Solo CK Pool, an online mining service that facilitates individual mining. Bitcoin\'s randomness and probabilities coded for luck and work To add a block to a proof-of-work blockchain like Bitcoin, the miner must be the first to calculate a valid hash for the block, which can only be discovered using brute computational force. Mining machines run an encryption algorithm to produce a hash that falls below a threshold specified by the network. If the algorithm produces a value that is above the hash target, the miner tries the algorithm again with a slightly altered input to produce a completely new value for the hash. Miners built specifically to perform this function are able to compute trillions of unique hashes each second. However, even if a miner\'s machine were able to only produce one hash per second, it is theoretically possible that the algorithm\'s first output could be a valid hash to solve the block. Story continues What were the odds? The chances of adding a block as a solo miner are determined by the number of hashes the miner\'s rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second. According to a post from user Willi9974 on the BitcoinTalk forum less than an hour after block 772,793 was solved, the lucky solo miner had an average hash rate over the previous hour of 10.6 TH/s. The information posted on BitcoinTalk also revealed that the ~10 TH/s was the combined power of four machines (called "workers"). This suggests that this solo miner\'s rig was likely made up of four USB stick Bitcoin miners, which can individually achieve a hash rate of around 3 TH/s and cost roughly $200 each. Using the difficulty level included in block 772,793 and assuming the solo miner\'s rig was computing 10 TH/s, it is possible to calculate the total estimated hash rate as 269,082,950 TH/s at the time the block was solved. Based on this, the odds of this solo miner being the first to solve the block with a valid hash are one in 26.9 million. Statistically, that means that if the same circumstances were repeated infinite times, the solo miner would add the block 0.000000037% of the time, on average. Unlikely, but not impossible\x97and this has happened before While this scenario was extremely unlikely, similar "once-in-a-lifetime" events in Bitcoin mining have happened before. One year ago , in less than two weeks , there were three different solo miners that solved blocks with improbable hash rates\x97the third\'s hash rate was apparently just 8.3 TH/s in comparison to the estimated 190,719,350 TH/s total hash rate, which comes out to a one in 23 million chance (or 0.000000044%). A hash is either valid and thus solves the block, or it isn\'t. There is no strategy involved, as the entire system is based on the random generation of hash values and the response mechanisms of the network to maintain core probabilities. Bitcoin runs on code and formulas, so a solo miner somehow solving the next four blocks is perfectly possible within Bitcoin\x92s mathematical system. Mining pools remain the usual winners Anecdotes about solo miners like these could end up introducing a new hobby to the ever-hopeful. However, the vast majority of blocks added to the Bitcoin blockchain today have been produced by large pools of mining rigs that combine their hashing power and share earnings. In doing so, each miner\'s contribution is rewarded proportionally each time the pool mines a block. According to blockchain explorer and mining pool BTC.com , the largest Bitcoin mining pool is currently Foundry USA, with its collective 90.19 EH/s computing power making up 31.3% of the network\'s total hash rate\x97which means they earn a share of the block rewards and fees for one in every three blocks, on average. Mining pools date back to 2010 and have steadily captured greater shares of hash rate distribution year over year as mining difficulty increased and mining technology improved. Today, at least 98% of Bitcoin miners online belong to a mining pool.', 'While business leaders showed cautious optimism at this year’s World Economic Forum (WEF) in Davos, Switzerland, the same sentiment wasn’t felt for crypto.\nCompared to before, the once buzzy area of finance had a much smaller presence.\nAs our Jennifer Schonberger put it, “gone were the crypto houses every ten feet, bitcoin-themed pizza stalls and advertising from previous years.”\n“I think regulated transparent infrastructure like ours is well-suited for this environment,” Jeremy Allaire, Circle co-founder and CEO which issues the stablecoin USDC told Yahoo Finance.\nCircle, one of the few crypto firms present for the week, did offer some optimism. Though not regulated as a bank and having shuttered plans to go public via SPAC last year, it is still aiming to be a public company at some point in the future, Allaire said.\nIn the meantime, it represents 31% of crypto’s $136 billion stablecoin market, which many consider being essential to the industry’s less speculative future.\nAs Allaire told us, Circle carries a money transmitter license in almost every state. Its stablecoin “has actually grown since the FTX collapse,” by $2 billion since the beginning of November according toDeFillama.\nYet critics were not scarce at Davos.\nFor them, and more than 9 million retail and institutional investors waiting to get back their funds in bankruptcy, FTX’s collapse still looms as a shadow over the space.\n"FTX and SBF are not an exception — they\'re a rule," Nouriel Roubini, the NYU professor known as "Dr. Doom" for his dire views on global trends, said onYahoo Finance Live.\n"Literally 99% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is going bust,” Roubini added. The Economist went on to underline the reputational damage industry firms are facing as a general loss of trust.\nIn November, Bitcoin hit a low not seen for two years of $15,682 as FTX careened towards chapter 11. Two weeks later BlockFi followed.\nThe next month, Sam Bankman-Fried, a figure many believed to be one of the industry’s biggest stars, was extradited from a Bahamas prison to New York to face 8 charges of fraud.\nWhile its total market cap has recovered above $1 trillion dollars as of last week, industry trading venues are far from regaining trust.\nInstead, those companies have had to let go of thousands of workers. WithGenesis’ long-awaited bankruptcy filing Friday, there are at minimum 10 million people who’ve lost their crypto for trusting a crypto firm with their funds.\nMeanwhile, others in attendance such as IBM Vice Chairman Gary Cohn would not trash crypto but also refrained from commenting on digital assets themselves.\n“I’m bullish on blockchain, and crypto, I really don’t have a view,” Cohn told our on-the-ground team, echoing a popular middle-ground view.\nOf course, even when major companies separate cryptocurrencies in favor of investing in their own private blockchain platforms, the end product hasn’t always worked.\nIn late November, IBM, which has bet on blockchain since 2016,discontinuedits global blockchain-enabled platform, TradeLens, launched with Maersk two years prior.\nThe technology platform, which digitized and secured shipping container tracking across the world was “viable” Maresk said.\nBut it didn\'t achieve “the level of commercial viability necessary to continue work and meet the financial expectations as an independent business," the company added.\n“All of these three things, web3, blockchain, and the metaverse, are all going to happen,” Microsoft (MSFT)CEO Satya Nadella said offering a partial vote of confidence broadly of crypto to WEF attendees.\n"But you need to have the killer apps, what is the use case that gets broad adoption, what is the ChatGPT moment for blockchain?"\nNadella was referring to the AI tool launched in November that has quickly racked up users and become the most interesting thing in tech. The executive told news outletSemaforTuesday it was in talks to invest as much as $10 billion into ChatGPT owner, OpenAI.\nIs the crypto market’s collapse through last year holding the industry back from finding its coveted ChatGPT moment? Absolutely and not as much as it might seem.\nAn annualreportfrom venture capital firm Electric Capital, shows despite crypto’s seemingly rough 2022, it has more monthly active developers than it did during its bull market.\nBased on multiple years of data, Electric Capital finds every cycle crypto software developer activity tends to be less susceptible to market fluctuations, making their engagement levels a more important barometer than the industry’s Davos attendance for where things might be headed.\nIt found that in the fourteen years since Bitcoin’s creator Satoshi Nakamoto — who essentially spun up the industry working without pay — the industry’s open source full-time developers has risen from 1 to 23,343 and activity has expanded well beyond Bitcoin and Ethereum (28% of the total).\nWe’ll have to wait and see where those thousands of developers plan to take crypto next. In the meantime, their activity in addition to crypto’s less exciting price charts and its shrinking advertisements at Davos, the Bahamas’ Baha Mar resort, or any other place might be exactly what the industry needs to move beyond such a difficult moment.\n“You can\'t get rich fast in crypto right now. And that\'s actually good," Chainalysis’Michael Gronager told us, decked in an overcoat before the snowy Swiss Alps.\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance\nDownload the Yahoo Finance app forAppleorAndroid\nFollow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube', 'While business leaders showed cautious optimism at this year\x92s World Economic Forum (WEF) in Davos, Switzerland, the same sentiment wasn\x92t felt for crypto. Compared to before, the once buzzy area of finance had a much smaller presence. As our Jennifer Schonberger put it, \x93gone were the crypto houses every ten feet, bitcoin-themed pizza stalls and advertising from previous years.\x94 \x93I think regulated transparent infrastructure like ours is well-suited for this environment,\x94 Jeremy Allaire, Circle co-founder and CEO which issues the stablecoin USDC told Yahoo Finance. Circle, one of the few crypto firms present for the week, did offer some optimism. Though not regulated as a bank and having shuttered plans to go public via SPAC last year, it is still aiming to be a public company at some point in the future, Allaire said. In the meantime, it represents 31% of crypto\x92s $136 billion stablecoin market, which many consider being essential to the industry\x92s less speculative future. As Allaire told us, Circle carries a money transmitter license in almost every state. Its stablecoin \x93has actually grown since the FTX collapse,\x94 by $2 billion since the beginning of November according to DeFillama . Yet critics were not scarce at Davos. A man wears a t-shirt with the logo of Bitcoin as he waits for Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, to attend a hearing at the Magistrate Court building in Nassau, Bahamas December 19, 2022. REUTERS/Marco Bello (Marco Bello / reuters) For them, and more than 9 million retail and institutional investors waiting to get back their funds in bankruptcy, FTX\x92s collapse still looms as a shadow over the space. "FTX and SBF are not an exception \x97 they\'re a rule," Nouriel Roubini, the NYU professor known as "Dr. Doom" for his dire views on global trends, said on Yahoo Finance Live . "Literally 99% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is going bust,\x94 Roubini added. The Economist went on to underline the reputational damage industry firms are facing as a general loss of trust. In November, Bitcoin hit a low not seen for two years of $15,682 as FTX careened towards chapter 11. Two weeks later BlockFi followed. Story continues The next month, Sam Bankman-Fried, a figure many believed to be one of the industry\x92s biggest stars, was extradited from a Bahamas prison to New York to face 8 charges of fraud. While its total market cap has recovered above $1 trillion dollars as of last week, industry trading venues are far from regaining trust. Instead, those companies have had to let go of thousands of workers. With Genesis\x92 long-awaited bankruptcy filing Friday , there are at minimum 10 million people who\x92ve lost their crypto for trusting a crypto firm with their funds. Meanwhile, others in attendance such as IBM Vice Chairman Gary Cohn would not trash crypto but also refrained from commenting on digital assets themselves. Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, departs from his court hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/David Dee Delgado (David Dee Delgado / reuters) \x93I\x92m bullish on blockchain, and crypto, I really don\x92t have a view,\x94 Cohn told our on-the-ground team, echoing a popular middle-ground view. Of course, even when major companies separate cryptocurrencies in favor of investing in their own private blockchain platforms, the end product hasn\x92t always worked. In late November, IBM, which has bet on blockchain since 2016, discontinued its global blockchain-enabled platform, TradeLens, launched with Maersk two years prior. The technology platform, which digitized and secured shipping container tracking across the world was \x93viable\x94 Maresk said. But it didn\'t achieve \x93the level of commercial viability necessary to continue work and meet the financial expectations as an independent business," the company added. \x93All of these three things, web3, blockchain, and the metaverse, are all going to happen,\x94 Microsoft ( MSFT ) CEO Satya Nadella said offering a partial vote of confidence broadly of crypto to WEF attendees . "But you need to have the killer apps, what is the use case that gets broad adoption, what is the ChatGPT moment for blockchain?" Nadella was referring to the AI tool launched in November that has quickly racked up users and become the most interesting thing in tech. The executive told news outlet Semafor Tuesday it was in talks to invest as much as $10 billion into ChatGPT owner, OpenAI. ChatGPT website displayed on a phone screen and Microsoft logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on Jan
**Last 60 Days of Bitcoin's Closing Prices:**
[16610.71, 16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-22
**Financial & Commodity Data:**
- Gold Closing Price: $1926.40
- Crude Oil Closing Price: $81.31
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,463,659,625
- Hash Rate: 282163369.5939428
- Transaction Count: 250760.0
- Unique Addresses: 610248.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Despite a myriad of warnings to avoid the sector, speculative investments rank highly among search queries, practically necessitating a conversation about top penny stock picks for 2023. To be clear, whenever you dive into this space, you’re on your own. With low price tags and often unpredictable trading dynamics, these market ideas can quickly go wrong. On the other hand, if you’re willing to exercise strict money management – that is, using only funds you can afford to lose – the top penny stock picks for 2023 could be relatively intriguing. For a small expenditure, it’s possible (though not likely) that you can enjoy massive gains. If you’re ready to take the plunge, below are (somewhat) fundamentally sensible penny stock picks for 2023. WIT Wipro $4.90 ABEV Ambev $3.03 SPRS Surge Components $3.26 MNDO MIND C.T.I. $2.16 FEEXF Ferrexpo $1.98 BTG B2Gold $3.35 ALKEF Alkane Resources $0.42 Wipro (WIT) Pennies in a jar on top of a background of blurred pennies. Penny stocks. Source: John Brueske / Shutterstock An Indian multinational corporation, Wipro (NYSE: WIT ) provides information technology, consulting, and business process services. Per its public profile, the company’s capabilities cover cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services. Currently, Wipro features a market capitalization of $27.1 billion and a price tag of $4.92. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Since the start of this year, WIT dropped over 49% of equity value, which is not uncommon for speculative trades, even those regarded as the top penny stock picks for 2023. However, WIT may be gaining nearer-term momentum, with shares up 2% in the trailing month. Fundamentally, Wipro entices because of its exposure to India’s tech market. Notably, India’s IT market contributes a little over 9% to its national GDP . From the financial angle, Wipro delivers goods in myriad ways. Perhaps most conspicuously, the company features excellent profitability metrics , ranking among the sector’s elite. As well, Gurufocus.com notes that WIT is priced conspicuously under the investment resource’s proprietary calculation for fair market value (FMV). Ambev (ABEV) A concept image of a penny sitting on a stock chart Source: Billion Photos / Shutterstock.com A Brazilian brewing company, Ambev (NYSE: ABEV ) currently trades hands for three bucks a share. It’s almost not fair to characterize ABEV as one of the top penny stock picks for 2023 because it lacks this sector’s poor attributes. For instance, it features a market capitalization of $47.6 billion. You’re not going to find too many speculative ideas with that kind of market value. Story continues Fundamentally, ABEV aligns with certain cynical realities. While the assumption that imbibing increases during recessions remains a debatable topic, what appears to be relatively established is that, per a Forbes article, “ alcoholic beverage consumption should be resilient even during a future economic recession.” It’s not a dinner table conversation but it is a relatively predictable social phenomenon. Also, unlike garbage speculative trades, Ambev commands robust financials . It features a highly stable balance sheet, solid growth trends and excellent profitability metrics. An above-sector-average return on equity of 15.4% also reflects Ambev’s high-quality business. Surge Components (SPRS) Image of a penny held between two fingers with a white indoor background Source: Shutterstock Headquartered in Deer Park, New York, Surge Components (OTCMKTS: SPRS ) is a world-class supplier of capacitors and discrete semiconductors. Per its website, the company’s current product portfolio includes aluminum electrolytic capacitors, film capacitors, MLCC [multilayer ceramic capacitors], discrete semiconductors, and switches. Currently, Surge Components features a market cap of $18.1 million. To be fair, Surge presents risks based on its nano-cap profile. Also, the company’s stock trades over the counter, which may present liquidity concerns among other administrative challenges. At the time of writing, SPRS trades hands at $3.26. On a year-to-date basis, SPRS dipped slightly over 14%. Despite obvious obstacles, SPRS could make a case for top penny stock picks for 2023 due to its infrastructural relevance. Thanks to the Biden administration’s various initiatives to boost American infrastructure and technology, Surge may enjoy a demand upswing. Financially, one of Surge’s strong points centers on its all-around solid financials . One of the rarities of securities listed on Gurufocus.com, SPRS enjoys six green flags and no major points of concern. As an added bonus, SPRS rates as modestly undervalued based on the investment resource’s calculation for FMV. Mind C.T.I. (MNDO) Source: Shutterstock Headquartered in Israel, Mind C.T.I. (NASDAQ: MNDO ) is a global provider of billing and customer care solutions for voice, data, video, and content services. Presently, Mind carries a market cap of $43.7 million. At the time of writing, shares trade hands for $2.17. As well, the average volume is quite high for a speculative investment at 22,000 shares. Since the start of the year, MNDO slipped 31%. Fundamentally, Mind brings fiscal stability and strong margins to the table, making it an intriguing idea among top penny stock picks for 2023. Primarily, the company enjoys a strong cash position, evidenced by its cash-to-debt ratio of 17.7 times. In contrast, the industry median is 3.2 times. Additionally, its Altman Z-Score is 5.2, reflecting low bankruptcy risk. Even better for those seeking bargains among the top penny stock picks for 2023, MNDO rates as undervalued based on traditional metrics. For instance, the market prices Mind at 8 times trailing earnings. In contrast, the sector median value is 25.7 times. Ferrexpo (FEEXF) a stack of pennies and a calculator lay stop a graph of market movements Source: Shutterstock To be clear, Ferrexpo (OTCMKTS: FEEXF ) may represent the riskiest idea on this list of top penny stock picks for 2023. A Swiss-based commodity trading and mining firm, Ferrexpo specializes in iron ore pellets. However, its operating base is located in central Ukraine, which brings up major concerns for obvious reasons. Indeed, Ferrexpo is one of the largest employers of Ukrainian workers. Currently, the company prioritizes the safety of its employees, along with supporting humanitarian initiatives. For those that are interested in high-risk ventures with feel-good narratives, Ferrexpo might appeal to certain investors. Should you decide to buy FEEXF, you should know that it’s not all about the feels with this company. Rather, Ferrexpo enjoys excellent strengths in the balance sheet. As well, its revenue growth rate and profit margins rank among the sector’s upper echelon. Finally, the market prices FEEXF at only 3.8 times trailing earnings, making it significantly undervalued . B2Gold (BTG) Penny Stocks: A penny sitting on a chart with two trend lines on top Source: InvestorPlace unless otherwise noted A Canadian mining firm, B2Gold (NYSEAMERICAN: BTG ) owns and operates gold mines in Mali, Namibia, and the Philippines. Currently, the Federal Reserve’s efforts to unwind the monetary excesses of the coronavirus pandemic pose deflationary pressures on B2Gold. Since the beginning of this year, BTG fell almost 14%. However, circumstances appear to be stabilizing, with shares gaining over 4% in the trailing month. Still, it’s a tricky situation. Earlier, rumors suggested the Fed would be less aggressive with its rate hikes . However, the unexpectedly robust November jobs report probably threw this narrative out the window. Nevertheless, the fear of trade associated with global recession risks could cynically blossom. Either way, B2Gold enjoys surprisingly robust financials . In terms of key growth and profitability metrics, B2Gold ranks noticeably above sector averages. As well, prospective investors should check out the company’s balance sheet. With an Altman Z-Score of 5.5 reflecting low bankruptcy risk, BTG could rank among the intriguing penny stock picks for 2023. Alkane Resources (ALKEF) a jar filled with pennies on a table covered in pennies to represent penny stocks Source: Shutterstock Founded in 1969, Alkane Resources (OTCMKTS: ALKEF ) calls the Land Down Under home. According to its website, Alkane is poised to become Australia’s next multi-mine gold producer. Although it features projects throughout the country, management focuses predominantly on the New South Wales region. As of this writing, Alkane carries a market cap of 371.5 million AUD or about $248.7 million. ALKEF trades hands for 45 cents a share. Against the January opener, the stock dropped almost 32% in equity value. However, in the trailing five days, ALKEF popped up nearly 5%, reflecting a possible bullish resurgence. On the financials, Alkane is arguably best known for its revenue trend . Its three-year sales growth rate stands at 20.8%, beating out 79% of its competitors. Also, the company delivers on the bottom line, particularly with a net margin of 42.6%. This stat ranks above 93% of the industry. Finally, Alkane enjoys a return on equity of nearly 30%, reflecting a very high-quality business. So, don’t let the cheap price fool you. ALKEF may be one of the best-hidden gems among top penny stock picks for 2023. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post Our 7 Top Penny Stock Picks for 2023 appeared first on InvestorPlace . View comments...
- Reddit Posts (Sample): [['u/georgeoj', '[University] The Undie 500: How hundreds of drunk university students driving 220 miles to party every year resulted in riots, arson, and arrests', 1844, '2023-01-22 00:47', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/', 'Hi everyone! I wanted to write about an event that is fairly well known in my university and country, and is batshit crazy enough to the point where I think it should be known more globally. I don\'t know if this even counts for\nthis sub, so no sweat if it needs to be deleted.\n\n\n**The University of Otago**\n\nOpened in 1869, the University of Otago is one of 8 major universities in New Zealand, and it is also the oldest. Being the oldest university comes with a lot of tradition, just like you would see from universities in the United Kingdom, which the New Zealand unversity system is based off. These traditions range from your more standard toga parties, [all the way up to first years having to carry a concrete bath up a cold and jagged-rock filled river while you\'re pelted with eggs by other students.](https://www.critic.co.nz/features/article/7172/the-history-of-initiations-at-otago-university) There\'s many, many more in the article I linked, but you get the idea. It\'s an old uni, with lots of old traditions, and a very strong culture as a result. In more recent years, both the frequency and the creativity of these traditions has died down, yet the culture remains just as strong as ever. A key part of Otago University culture, however, is the drinking culture.\n\nTo my American friends, this is not your frat party on the weekend and drink till you vomit drinking culture. This is party in the street every night of the week perpetually for the entire year drinking culture. A drinking culture where if you don\'t vomit, you\'ve failed, and[ it\'s rare that you can drive down the street on a Thursday or Saturday night without the street being blocked by hordes of people.](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/story/2016/04/castle_st_burns_again_1869312187.jpg?itok=8kBPXWfZ) A fantastic example of this is Castle Street, [best showcased in this video](https://www.youtube.com/watch?v=H_75oNYx_Zw&themeRefresh=1), this is essentially 4 blocks of houses that are rented out completely, and absolutely, by students between the ages of 17-25, sometimes older. Not only is it entirely students, but it is all students who quite literally, only drink. There is an ethos and culture in the area that is, in essence, if you are not drinking, you are not winning. This leads to [stories like this](https://www.critic.co.nz/news/article/9009/castle-streets-most-notorious-flat-evicted-with-34) wherein a group of students were charged $34,000 NZD ($21k USD) to repair damages to their flat, including 19 different walls with holes, 4 windows, a heat pump, a new carpet, you get the idea. I heard from a friend that people would vomit/urinate in the wall holes rather than go to the bathroom. Not only that, but these students often pay way above market value for these awful condition flats, which are often filled with mold, structural issues, and have no insulation, just so they can host parties and have the Castle Street experience. Seriously, just look at these images [here,](https://www.critic.co.nz/files/1633915474_WorstFlat.jpg) [here,](https://www.critic.co.nz/files/1633915929_runnerupworst.jpg) and [here](https://resources.stuff.co.nz/content/dam/images/4/y/p/m/l/7/image.related.StuffLandscapeSixteenByNine.1240x700.21j1gv.png/1606370682873.jpg?format=pjpg&optimize=medium). The photos don\'t do them justice, but even so, they are paying *MORE* so they can live in these conditions. Not only that, [but the street is covered in broken glass and rubbish because why find a bin, right?](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-333260/2016/04/glass_and_rubbish_remain_strewn_over_hyde_st_yeste_54e120441d.JPG?itok=D8G8R07G). NOTE: This isn\'t Castle Street, but a street after the infamous Hyde Street party.\n\nIt\'s worth mentioning that in New Zealand, University has either been free or at the least pretty cheap. Up until 1989, provided you met the entry requirements, your education was free. Nowadays, you can get an interest-free loan from the government to pay, and the entry requirements are very minimal, so it\'s incredibly easy to get in if you just want to spend the year drinking (which many do).\n\nThe drinking antics of Otago\'s unviersity students could probably get it\'s own write up, but all of the above is to say, the University of Otago is old and has plenty of traditions, people fucking LOVE drinking and partying. It\'s a lifestyle here, in such a way that nowhere else is similar, and it\'s hard to understand without witnessing it yourself.\n\n**The rise of the Undie 500**\n\nOn the much, much tamer end of the spectrum is the University of Canterbury. Known for it\'s engineering courses, it was established in 1873, but over time developed a much more academic reputation than its southern counterpart. Even from Google, it is significantly more difficult to find news articles on the "horrors" of an out of control drinking culture. It\'s clear to pretty much everyone that UoO\'s party scene is a main attraction, whereas UC\'s is just an activity you do on the weekends, not a lifestyle.\n\nThat said, with UC only being a few years younger than UoO, UC has it\'s fair share of traditions, although they\'re not nearly as well documented or as well-known as UoOs. One tradition that will go down in history, however, is the Undy 500.\n\nIn 1986, the Engineering Society of Canturbury, a student association at UC, decided to host a hitchhiking race from Christchurch to Dunedin, a 359km (223 miles) drive, with the end goal being to watch the annual Otago Surveyors (UoO has a pretty popular surveying department) vs Canturbury Engineers rugby match. But eventually ENSOC had to go back to the drawing board as ["Not many of them made it".](https://www.critic.co.nz/features/article/8560/remembering-the-undie-500) Unsurprisingly, commuters didn\'t want to have 3-4 heavily drunk students in their vehicles for a nearly 5 hour journey. So the next year, ENSOC decided that they would change the game, and set the foundation for the Undie 500 forever. Students had to purchase a car for under $300 NZD ($191 USD, or $887 NZD/$567 USD adjusted for inflation) and make the journey. Unfortunately this didn\'t worth either, as the cheap cars just broke down. I can imagine many car owners fleeced their shitbox cars to desparate drunken uni students, which lead to 1988. The rules changed. A $500 limit ($319 USD or $1478 NZD/$945 USD adjusted for inflation), and you have to decorate the car. It might sound like a lot, but with 7 or 8 friends you could pick up a decent car and decorate it pretty well for your very crammed journey. Fun fact: Apparently the car decorating stemmed from people picking up road signs and street name signs on their journeys.\n\nAnd so they set off on the first inaugural trip of the Undie 500 (Get the name now? Hint: Under 500), often pronounced as "Undie Five Hundy". In it\'s first real iteration, there were only about 12 or so cars, each high-performance steed filled to the brim with drunk and excited students. As the race progressed and convoy members inevitably broke down, some cars ended up with "like 14 people in the car". Over the following years, the event grew and grew and experienced success after success as an event, [with](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/undie_500_designs_through_the_years___1102066724.JPG?itok=mlYZ_Pm1) some [pretty](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/tradition_cars_the_rip_roaring_good_time_1853980155.JPG?itok=bmhQr-fr) well [decorated](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/tradition_cars_the_rip_roaring_good_time_1408348325.JPG?itok=b-9z_AP1) cars as well. But things would soon change.\n\n\n\n**Things start going downhill**\n\n\nIn 2006, as Castle Street\'s culture really began to form, the Undie 500 participants started to typically end up there. There were multiple factors that would turn this into a perfect storm for general debauchery.\n\n1. The Undie 500 participants were already drunk and ready to party after a 5 hour car trip. There was no need to catch up\n2. The amount of people on Castle Street would easily double, if not triple, once the Undie 500 arrived\n3. Once the Undie 500 people arrived pretty drunk, Castle Street partiers felt the need to catch up, resulting in an arms race and everyone just getting absolutely fucked\n4. The Undie 500 had become less about the journey, but more about the destination, because Castle Street was just such an awesome experience. The goal wasn\'t nessesarily to have a fun drive down with your mates, it was to experience a weekend of getting pissed with strangers in a city and flat you have no attachment to. The threat of consequences just isn\'t the same when it\'s not your property.\n\nI\'m not really certain if it was something specific in 2006 that set people off, but it was always going to happen as our drinking culture changed to become more focused on the drinking than the fun.\n\nThe event went pretty normally during the day. The students made their attempts, several cars were abandoned, but the drive went off without incident. Undie 500 participants had their fun in Dunedin, doing things like [driving their bald-tired and bad-braked vehicles down the steepest street in the world](https://www.youtube.com/watch?v=kYxsKxUHHP0) and just [generally having a fun time drinking in the sun with their friends and their funny-looking cars.\n](https://www.youtube.com/watch?v=JxlE_Q7Kc64) But as day turned to night, things changed.\n\nYou\'ve got to remember that these students have been partying for probably over 12 hours. They\'re excited, they\'re having fun, and just generally vibing. But I need to take a side bar here and talk about couch burning. For whatever fucking reason, Dunedin students love burning couches almost as much as they enjoy drinking. [It apparently started in the early 1990s](https://www.critic.co.nz/features/article/7863/the-eternal-flame-of-couch-burning), with just a "few couches" being burned a year. Good, clean fun. Turns out, a "few couches" was actually 64. I don\'t know why it\'s couches and only couches, or why it has held on for so long as a tradition, but, over time, the couch burnings got worse. When the drinking age lowered from 20 to 18 in New Zealand in 1999, couch burnings jumped from those 64 to about 360 in just 6 months. How fucking insane is that. That\'s nearly 1 couch a night for fire fighters to respond to, sometimes up to 20 in one shift on a Saturday night. And the crazy part is, that isn\'t even including couches burned at the Undie 500. The best part was, the burning of the couches was actually entirely legal according to rules in place by the council, so the students didn\'t even get in trouble. Until the council changed the rules so that you could actually be fined $300, but how do you prove who\'s couch it is when its on the street and hundreds of people are dancing around it? A conundrum indeed. It got so bad, that UoO actually has specific rules in place so that if you are caught burning the couch, you can be expelled.\n\nBut this was 2006, before any countermeasures were in place and couch burnings were at an all time high. This plays into my theory on what happened. Essentially, it was night time, you have probably close to a thousand drunk, partying students jumping and dancing around burning couches. Because shit\'s on fire, the fire department is called, and they promptly arrive to put out the fire. But the students, with their undeveloped frontal lobes and copious amount of alcohol drunk, start throwing bottles at the firefighters and their truck for ruining their fun. The nearby police monitoring the party notice this, so they try to move in and control the crowd, which results in the crowd getting riled up, and turning into a mob. The police, realising they can\'t handle this, call for backup, which ends up being riot police. Riot police are a very, very rare sight in New Zealand. Before being used in 2006, the last time they were used in such a large number and fashion was during the 1980s Springbok Tour riots. So when the riot police showed up to the student\'s partying, it was an unusual sight, and I think the fact that they called in such a rarely used and serious-incident asset riled up the crowd even more, resulting in the mob throwing bottles and fighting police. You can see some footage of the actual riot [here](https://www.youtube.com/watch?v=et7KOybrU3k). Now keep in mind this is all a theory based off the even larger 2009 riots, which I\'ll discuss later, where literally this exact thing happened. But the question is, why did the students decide to riot against the police? Well that\'s a hard question to answer. The most obvious answer is that they wanted to keep partying and not have their fun ruined, but honestly, I think they did it because they because they fucking could, and to many it would\'ve seemed like something fun to do at the time.\n\nUltimately, the 2006 Undie 500 resulted in 30 arrests and a liqour ban on Castle Street, and it set a nasty prescedent, both for students and police alike.\n\n**2007**\n\n\nUndeterred, the event pushed on to 2007, with even more pariticpants making their way down to Dunedin. Some people even came down from other universities in the North Island, as well as many non-students as well. With an estimate of 1000-2000 students by police at the time, a riot once again broke out, although this riot was much larger, and resulting in 69 fucking arrests. Cars were burnt and flipped, alongside couches and mattresses being burned in literal furniture bonfires. The mayor of Dunedin at the time called it [history.] (http://www.stuff.co.nz/national/33517/Undie-500-history-Mayor) All of the charges were either dropped or reduced to fines, but still, the number of people who would happily throw bottles and commit arson had nearly doubled in just a year.\n\nIn 2008, the event was cancelled by ENSOC despite attempts to work with the council, emergency services, and other stakeholders. So there was no rioting, everyone was sober and celibate and all was well. Nah I\'m fucking kidding, the students didn\'t care that the event was officially cancelled. About 40 cars and 100-ish students still made their way down. And there was another riot, albeit this one was smaller in size and resulted in just 30 arrests. This was partially due to the efforts by police to literally have fucking checkpoints along the main highway between the cities. Overall, 2008 was much more tame, but once again, that was about to change.\n\n**2009**\n\nOh boy fucking 2009. What a year, bitcoin invented, Obama elected, and the Undie 500 is back and bigger than ever before. In an effort to regain the faith of the public and officials, ENSOC reorganized the Undie 500 into a charity event in which over a thousand cans were donated as part of a food "drive". The participants would deliver these food cans to food banks in Dunedin once they arrived. How noble. They made other efforts to make the event more safe and less-rioty but you get the picture. Well, the mayor refused to work with ENSOC, which is honestly the worst way to handle things. The Undie 500 was going to happen, so wouldn\'t you want to have a say in the planning to minimise it\'s impact? Apparently not. Regardless, efforts by ENSOC, while a valiant effort, ultimately did fuck all to stymie the poor behaviour of the students. The lack of coordination between ENSOC and officials, combined with the events of recent Undie 500 events, lead to 2009\'s Undie 500 being the drunkest, fireyist, riotiest Undie 500 since it\'s inception.\n\nIt\'s the 12th of September 2009. A Friday. Around 90 cars full of Christchurch students start their journey from Christchurch, excited for the next 5 hour car ride with their friends. Two people were arrested, before they even made it to Dunedin. We\'re off to a fantastic start. The rest of the journey goes pretty well, the students arrive in Dunedin and get off to their usual daytime antics before making their way to Castle Street for the night\'s festivities. It\'s a Friday, not even the weekend yet so it should be pretty ch- wait, what the fuck? They\'re already rioting? It\'s 7:30! [The riot police arrive and are met with a barrage of bikes, bottles, and a rather brave haka.](https://www.youtube.com/watch?v=5Kc29KpjLc0) It\'s fitting that we filmed the Lord of the Rings in New Zealand, because this looks like a scene straight from the movie. Piles of couches, rubbish, and vehicles burned up and down the street as hundreds of students outnumbered the police. The students, being rather brave, charged at police, stopped shortly before to light more fires. The police, tolerating the hakas, the bottles, and the faux charge, formed into a line and began to walk forward. The students stood their ground, with their haka echoing into the streets around, and thigh slaps being mistaken for thunder by studying neighbours. The police advanced, and started pushing/arresting/herding the students. Some ran after realising how serious the situation had become and forgot that consequences were a thing, the less bright decided they would start a one-person uprising against the government and were subsequently thrown unceremoniously into the back of a police van. The 2009 riot resulted in 82 arrests, hospitilizations, and the largest riot since the 1980s, what for? Like I said, it probably sounded fun at the time. The 2009 Undie 500 would go down infamously as the biggest of them all, and is probably the most well-known events in New Zealand\'s university culture, not to mention further cementing the drinking culture of UoO.\n\nThose that participated from either uni often faced explusion, as well as the criminal charges and other fines. It was a truly crazy event, however that would be the "high note" that the Undie 500 went out on.\n\nTragedy struck Christchurch, and tangentially the Undie 500, in 2010 with a huge earthquake devastating Christchurch. The Undie 500 was cancelled for that year. In 2011, another earthquake struck the city, resulting in 185 deaths and obviously another cancellation. And since then, the Undie 500 has fallen to history. A student tried to revive the event in 2017, but honestly I had no idea he tried, and there hasn\'t been anything credible about the event since, although efforts are being made.\n\nTo me, the Undie 500 is such a fucking amazing concept that was essentially ruined by a changing university culture. The idea of finding a cheap as shit car, decorating it like an army tank, and driving it 360km to get drunk in another city sounds awesome. It was a super unique and iconic event that is incomparable to other universities, and I really do see it as a defining moment in the history of the University of Otago.', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/', '10i5cen', [['u/DIYKitLabotomizer', 177, '2023-01-22 01:28', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cjb0v/', 'Holy shit. My cousin went to the University of Otago. I had no idea it was known for having such a party culture. My Canadian university experience was positively tame by comparison, and we rode couches down hills.', '10i5cen'], ['u/PixelPixieDust', 61, '2023-01-22 01:29', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cjcn1/', 'Great write up, and one I never expected to see on reddit! I was a student at UC from 2006-09. Never did the Undie myself but had friends who were there in 07 and I recall getting wild text updates. \nThe car decorations were often brilliant, I grew up half-way between Dunedin & Christchurch and as a kid it was an exciting tradition to watch these wasters roll through the town in crazy cars.', '10i5cen'], ['u/deathbotly', 39, '2023-01-22 01:36', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5ckb7x/', 'Fantastic write up, OP! I’d say it’s a shame I’ve never heard of it from over in Syd, but actually no one should ever tell the unis around here about this.', '10i5cen'], ['u/dead_alchemy', 33, '2023-01-22 01:36', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5ckedm/', 'Interesting. Drinking is a hobby, innit?\n\nNitpick: if you, as the mayor, have the position that they should not hold the event at all because it inevitably leads to a riot, then why would they work with them at all? They already had their say, which was "no".', '10i5cen'], ['u/teelolws', 255, '2023-01-22 01:37', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5ckfrl/', 'Salient, the student magazine for Victoria University in Wellington, has tried a few times to start a parody race Lundy 500. Driving from Petone in Lower Hutt to Palmerston North ~~and back~~ within 68 minutes, to prove that the drive was possible, proving that an alibi from a murder case was plausible after all. To actually participate would require breaking multiple road rules including speed limits.', '10i5cen'], ['u/senshisun', 84, '2023-01-22 01:44', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cliyx/', "Riding couches downhill sounds like an absolute blast. I'm not sure if I missed getting involved in my university culture, but it was a tamer place.\n\nExcept for the frat party that got sponsored by Red Bull. That was cool.", '10i5cen'], ['u/anakitenephilim', 341, '2023-01-22 01:53', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cmpzh/', "It's probably worth pointing out here that this entire feral Dunedin student life vibe lovingly described by the OP is a coveted rite of passage for privileged youth in a sort of affected faux-poverty where living in the coldest, dampest, barely holding together house and subjecting yourself to constant binge drinking for a few years is seen as a perfectly reasonable way to get through university after years of boarding / private school and cements your connections for life.", '10i5cen'], ['u/sploshing_flange', 104, '2023-01-22 01:59', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cnh0j/', 'Average speed would be around 250km/h to do that in 68 minutes! The window at the first trial was around three hours for the round trip and committing the murders but that theory went out the window at the second trial, he actually returned much later.', '10i5cen'], ['u/StinkypieTicklebum', 19, '2023-01-22 02:27', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cr8wd/', 'A great read, and a lesson in mob mentality.', '10i5cen'], ['u/Practice_NO_with_me', 118, '2023-01-22 02:35', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5csb14/', 'This is a truly fantastic write up, thank you for putting this all down! I ended up reading most of this aloud to my morbidly fascinated husband, especially your initial description of Castle Street and its culture. To him and me it sounds like pure hell. Like *real* hell, I could not imagine how much you would have to pay me to live in those conditions. \n\nIt is a reminder of why I love this subreddit so much - it provides a deep look into facets of society one might not otherwise ever see. You explained the set up wonderfully and really got me into the idea of the event and why everything played out the way it did. Again thank you for sharing this with us, what a ride!', '10i5cen'], ['u/MerculesHorse', 139, '2023-01-22 02:35', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5csc3l/', "I don't think NZ drinking culture has ever been 'good'... 2006 was the year I turned 18 and my first at Uni of Canterbury. \n\nI was a full blown nerd (maths and comp sci) rather than a cool nerd (engineers, mostly) so I was never involved in this particular kind of alcoholic nonsense, but I was well aware of it (I mean, everyone was).\n\nIt honestly didn't seem like historically bad behavior at the time. Just.... Inevitable? We suck at drinking here. Like, that's the whole deal. From technically illegal underage house parties to fights in town to whatever dumb shit you do as a student to whatever brand of minor to major alcohol abuse you choose to partake in as an adult, we really really suck at drinking in New Zealand. \n\nI'm even almost offended on behalf of Americans for claiming this is more 'crazy' than frat culture. It is, only because we suck at it. Ever had a drink with an American? Or damn near any other nationality, lol? They keep up. They just don't lose their goddamn minds.\n\nHonestly, good write up though. I think it fits in terms of being a dramatic story about a particular subculture, whether there's any related 'hobby' or not.", '10i5cen'], ['u/Nelfoos5', 22, '2023-01-22 02:42', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cta6e/', "Because the event is happening whether you like it or not, just turning your back doesn't achieve anything.", '10i5cen'], ['u/the_unfinished_I', 16, '2023-01-22 02:42', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5ctbav/', 'I did 2x undie 500s - both times were a blast. Helped someone on Castle St set their couch on fire, good times.', '10i5cen'], ['u/Protahgonist', 31, '2023-01-22 02:47', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5ctztc/', 'We burned couches in the middle of the street until the riot police came to make us stop with horses and batons.', '10i5cen'], ['u/teelolws', 26, '2023-01-22 02:48', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cu2y8/', "Yeah I thought the 68 minutes didn't sound right. Wonder where Salient got that from...", '10i5cen'], ['u/mercaptans', 12, '2023-01-22 02:52', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cunqm/', 'I rejoice whenever a "M Lundy" or "D Bain" comments on the cricinfo feed at the time.', '10i5cen'], ['u/sloppy_wet_one', 39, '2023-01-22 02:54', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cuuqq/', 'I keep thinking about doing a write up of the mark Lundy murders on the unsolvedmurders subreddit (Even if a lot of people think mark did it, I personally think he did not). \n\nAnyway part of the write up would be about the Lundy 5-hundy. Recreating marks infamous would-be route he’d have taken to murder his family, driving from Palmerston north to Wellington. \n\nSimilar to the Lundy 500, universities in both places and it’s a drinking session disguised as a road trip.', '10i5cen'], ['u/FKJVMMP', 117, '2023-01-22 02:56', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cv5jo/', 'Plenty of students from less upper-class backgrounds get stuck in too, no shortage of stories among people who went there of student loans that are twice as big as they needed to be because half of it got sunk into piss.', '10i5cen'], ['u/ActualBacchus', 296, '2023-01-22 03:02', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cvy93/', 'As a 50 year old kiwi, here\'s my understanding of how the couch burning started...\n\nDunedins main sport venue used to be Carisbrook, a "stadium" used for rugby and cricket. It had a mixture of seating, larger stands and concrete terraces. Students would bring old couches to sit on to make being on the terraces for a 7-8 hour day of watching cricket more comfortable. Did they drink while watching cricket? HAVE A FUCKING GUESS. At some point, I\'d say in the mid to late 80s, instead of carrying the couch home a group decided to set theirs on fire. It didn\'t take long before bringing couches to Carisbrook was banned - maybe one or two more couch burnings at most but by then, the seed had been planted that drunken couch burning was a thing students did. Indeed, a thing students HAD to do.\n\nThe funny thing is, it\'s genuinely a good university and home of NZs main medical school. A lot of students don\'t behave the way this (still accurate) writeup suggests - or at least only go to a few Castle St parties.\n\nSide bar - my first encounter with Canterbury students was as a young teen taking the ferry from the south Island home to the north. A group of engineering students were on that trip headed to a student games event. They were drinking steadily, had a dead and headless possum they were showing around and a couple of them jumped into the harbour just as the ferry was preparing to dock which delayed the whole process until they were fished out and arrested.', '10i5cen'], ['u/AntheaBrainhooke', 163, '2023-01-22 03:17', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cy3pp/', "54 year old Dunedin resident, can confirm this is how couch burning started.\n\nMust also add — I live in an outer northern suburb with a very mixed community from students to young families, middle-aged empty nesters, and old folks too. It's rad.\n\nOne warm night a few years ago I went outside for some reason and could see flames. Went back in to grab phone and tell husband what was up then back out to see if I could spot the fire and how I could help.\n\nI went around the corner and the fire was in the second house's back yard. The residents were burning a couch on their back lawn and they had the garden hose and buckets of water in case it got out of hand. \n\nHaving seen that everything was fine, I gave them a wave and went home.", '10i5cen'], ['u/whlabratz', 14, '2023-01-22 03:24', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5cz0l2/', 'Probably worth noting that UoO is the university you go to if you want a career in medicine', '10i5cen'], ['u/Nelfoos5', 13, '2023-01-22 03:34', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5d0eab/', "You don't think there is anything at all the local council can do to help reduce harm?", '10i5cen'], ['u/Nelfoos5', 21, '2023-01-22 03:52', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5d2s7s/', "That's your opinion, but as someone who's worked with NZ City & Regional Councils' in a professional context it is a very funny one", '10i5cen'], ['u/Protahgonist', 10, '2023-01-22 04:18', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5d639l/', "[Shiver](https://youtu.be/V6MqiPM_i3Y) my soul, yo ho heave ho\n\nThere are men whose hearts are as black as coal,\nYo ho heave ho.\n\nThey sail their ships 'cross the ocean blue (a blood thirsty captain and his cutthroat crew)\n\nIt's as dark a tale as was ever told of a lust for treasure and a love of gold!", '10i5cen'], ['u/eneebee', 35, '2023-01-22 04:46', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5d9m0p/', 'Speaking to my friends who went to Uni in Dunedin, they did that too. Most 2nd or 3rd years lived up in the hill suburbs, and it gets cold af in Dunedin on winter. Roads closed + uni closed = couch sledding', '10i5cen'], ['u/ianoftawa', 38, '2023-01-22 04:55', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dam5e/', 'I remember of the 10 year anniversary of 9/11 dressing the car up as a hijacked aeroplane. Won "most politically incorrect" prize.', '10i5cen'], ['u/fuckmylifegoddamn', 47, '2023-01-22 05:01', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dben8/', 'You didn’t read the last part of his comment, he’s saying not that you drink more, but that you can’t handle your booze', '10i5cen'], ['u/HeinigerNZ', 201, '2023-01-22 05:09', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dcej8/', '\n\n>In 2006, as Castle Street\'s culture really began to form, the Undie 500 participants started to typically end up there. There were multiple factors that would turn this into a perfect storm for general debauchery.\n>\n>1. The Undie 500 participants were already drunk and ready to party after a 5 hour car trip. There was no need to catch up\n>2. The amount of people on Castle Street would easily double, if not triple, once the Undie 500 arrived\n>3. Once the Undie 500 people arrived pretty drunk, Castle Street partiers felt the need to catch up, resulting in an arms race and everyone just getting absolutely fucked\n\n>I\'m not really certain if it was something specific in 2006 that set people off,\n\n**Major factor in the 2006 carnage:** The All Blacks game that Saturday kicked off at 530pm. \n\nI lived on Castle in 2006.\n\nUsually our (and a lot of others) preload binge drinking would peak with the main Saturday night rugby game, and then we would head into the student bars at 10-1030pm or so. \n\nDue to a previous scheduling conflict the All Blacks started their game at early at 530pm, and so did our drinking. I vividly remember during the second half my mate elbowing me and asking "bro, are you pretty drunk?" "Yeah man." "Yeah, same....you know it\'s only 7pm?"\n\nThe game finished, the All Blacks won....and there was nothing to do for three hours. Couch fires were the main entertainment. What\'s the statute of limitations for arson? Asking for a friend.\n\nThe cops stepped in, quite heavy handedly in some cases. Shit escalated. \n\nThe following year there was a vibe that people *wanted* to cause the same trouble. There were a lot of non-students involved. And sadly the great Undy-500 was ruined.', '10i5cen'], ['u/ixlzlxi', 57, '2023-01-22 05:34', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5df5oe/', "American immigrant, I'm always shocked at how little (volume, not frequency) kiwis drink, how quickly they throw up, and how hungover they are afterwards. Granted I've never hung out on castle street but even so", '10i5cen'], ['u/jpr64', 20, '2023-01-22 05:47', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dgmha/', 'I remember the KKK van,”Kahui Kid Killers” got torched in Dunedin.', '10i5cen'], ['u/phire', 12, '2023-01-22 05:54', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dhexl/', 'It was 68 min for one leg of the return trip. An average speed of ~120kph.', '10i5cen'], ['u/jpr64', 69, '2023-01-22 05:59', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dhuuy/', 'OP mentions several times that the drive was 5 hours. \n\nWhile technically correct, if just driving from Christchurch to Dunedin, the Undie 500 had multiple pub stops in small towns along the way. \n\nThe rally would traditionally depart around midday, and many people would do “six before six” as in 6am. The rally would head to Yaldhurst, just outside of Christchurch, then to Ashburton, Timaru, Oamaru, and then in to Dunedin, generally arriving between 9pm and midnight. Those who stopped at the Maheno Tavern deserve an honourable mention. \n\nGardies bar was a traditional student bar on castle street where much of the festivities happened. They even sold bourbon and cola on tap for a while. The University of Otago eventually bought that student pub and shut it down, among others in an effort to stamp out the drinking culture. \n\nIt’s worth noting that in the years of the riots, scumbags from the town of Mosgiel southwest of Dunedin made their way in to shit up the place and contribute to the downfall of the Undie 500.', '10i5cen'], ['u/EkohunterXX', 13, '2023-01-22 06:12', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dj8it/', "Sup I'm a local who had to put up with these shit heads for years (was also one of them for 2 years). Fathers job was cleaning up after them for this specific event. Ama if you want.", '10i5cen'], ['u/drunkonthepopesblood', 33, '2023-01-22 06:16', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5djnty/', 'Lundy 500 was coined by a neo-nazi from Whanganui, he was an early internet provocateur - that has wiped his presence from the web. Grape looking s… a verbal attack on a Māori women protesting asset sales, was another of his videos. Confrontation with a Whanganui police camera operator, another of his videos. Also, enjoyed making up fake death stories about the garage rock revival band The Have (who won rock quest 2002?)- normally consisting the story line of wearing too tight of jeans causing their cars to drive off the road into the Whanganui river.', '10i5cen'], ['u/Shrink-wrapped', 10, '2023-01-22 06:24', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dkh9t/', "Turns out the time of death wasn't that clear, and he had hours to do the trip if he went in the 2nd half of the night", '10i5cen'], ['u/onioniononi', 10, '2023-01-22 06:26', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dkrgm/', 'should have went to college in london. \n\nhttps://www.cbc.ca/news/canada/london-s-fanshawe-college-suspends-8-students-for-riot-1.1249299\n\nif you preferred a university experience, well, london again. although there is less rioting\n\nhttps://www.cbc.ca/news/canada/western-ontario-top-party-school-playboy-1.1057310', '10i5cen'], ['u/St_SiRUS', 114, '2023-01-22 06:32', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dlbyr/', 'Nail on the red there, they basically LARP for a couple years then head back to the leafy suburbs of Auckland', '10i5cen'], ['u/minneapple79', 20, '2023-01-22 06:34', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dljsg/', 'So — this all sounds a little familiar to me, as a graduate of the Great State University of Wisconsin, where we have a big drinking and partying culture. There are several iconic drinking events at UW including the famed Mifflin Street Block Party and our Halloween party.\n\nHalloween used to be a huge event in Madison, Wisconsin. Kids would dress in costume and head to our famed State Street on their way to and from bars and parties around Madison. People would come from all over the country for it. The city brought out extra cops for this, but one year (2002, I think) it turned violent, with drunk people fighting, throwing beer bottles, storefronts trashed, and people injured and hospitalized. After that Madison said “fuck this,” and they made it a more controlled environment, got sponsors and musical acts, only allowed a limited number of people on State Street and such. It became boring after that, not sure what the state of Halloween is in Madison nowadays but I hope it’s not violent.\n\nSame with Mifflin Street. The Mifflin Street party dated back to the Vietnam War protests and actually started as a counterculture protest to the war. Well eventually it became a way for all the students who lived in houses on the street to just party. Same thing. One year it became very violent, cars flipped, stuff lit on fire, people hospitalized, and then the mayor and the city of Madison said “fuck this” and they worked to tame it down. You had to prove you lived on Mifflin to get to the block party and all of this. It made Mifflin more boring, but I do think it eventually returned to its more fun yet less violent ways.\n\nSo the upshot is that the event is happening. Best for the city to work to make it a safe event rather than just shut it down.', '10i5cen'], ['u/Thunderplant', 60, '2023-01-22 06:49', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dn14a/', 'This is one of those posts that makes me realize that some people have very, very different concepts of fun than I do.', '10i5cen'], ['u/herearea', 70, '2023-01-22 07:03', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5doc8e/', "I was on the final Undie 500 (SO MANY POLICE STOPS. SO VERY MANY) \n\nIt was well known that most of the troublemakers weren't on the Undie at all, but a whole heap of people came in to Dunners purely for causing a much shit as possible. We were pretty pissed off, as it did feel like a last chance for the event, and though we were drunk and rowdy most of the actual participants were pretty good. (Yes I have clear memories of this, I was a sober driver and babysitter of loads of shitfaced students in costume, good times) \n\nFun event. Wish it hadn't been ruined for the future generations.", '10i5cen'], ['u/k-farsen', 14, '2023-01-22 07:30', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dquat/', "155 mph... I don't think that'd be possible even in Texas", '10i5cen'], ['u/EatStatic', 48, '2023-01-22 07:41', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5drrx5/', 'Isn’t that most universities? It is in The UK and you get a huge mix of people from different backgrounds (especially in the shitter ones) all living in squalor for a few years. It’s still a genuine experience.\n\nNot as absurdly foul as the places those lot live in though admittedly.', '10i5cen'], ['u/moffattron9000', 67, '2023-01-22 07:54', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5dsuj9/', "OP is really letting these dickheads off the hook too much, everyone knew that the ones who went to Otago over whatever one is closest to you are the worst. It's also where Six60 emerged from, and that is quite possibly the most bland pile of nothing this country has ever allowed to get popular.", '10i5cen'], ['u/[deleted]', 54, '2023-01-22 08:14', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5duh0o/', 'As a regular undie 500 participant in the early 2000s, I can confidently say it was the social highlight of the year. \n\nThe planning would start months out, designing and planning the decorations for the car and pulling the team together. It was taken pretty seriously - we once dug through road rules to find out exactly how big we could make the nose and tail of our helicopter (1 & 3 meters from the front/rear of the car respectively, and we used the full allowance).\n\nWhile OP makes us out to be lunatics (and to be fair, many were). A bit of common sense was applied - all drivers were sober and the cars were cheap but were all required to have current warrants of fitness (a mandatory check on all cars in NZ to ensure road worthiness).\n\nOne point the OP missed out (and may have been changed in later years), was that the even was a pub crawl rather than a trip to Dunedin. Most of the fun was had in country pubs along the way. Obviously this had its own set of issues as hundreds of drunk students rocking up to a small country pub caused a lot of trouble - in the early 2000’s the event nearly got called off because pub owners wouldn’t let us in (each year we’d get blacklisted until there were none left) but ENSOC adapted and pre planned with the publicans and got mini parties set up along the way. \n\nIn the early years it wasn’t uncommon for the party to be largely over by the time people got to Dunedin - most arrived late at night and were so hammered that they either were passed out or too drunk to get let into any bars. The party for UC students was def best at the early pubs on the journey. \n\nThat said, the event was messy, and the downfall started well before 2006. Each year it would get harder and harder to make work - the damage from the previous years was remembered and non-participants grew wearier and wearier (pub owners, cops, local authorities, etc). \n\nStill, probably the best moments of my university years were during the undie - It was pure chaotic hilarity.', '10i5cen'], ['u/conceptalbum', 69, '2023-01-22 11:22', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5e8b2n/', "> The funny thing is, it's genuinely a good university and home of NZs main medical school. \n\nAh, that explains it.", '10i5cen'], ['u/MerculesHorse', 29, '2023-01-22 11:37', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5e9cu3/', "A lot of it is pacing, or complete lack thereof. Too much, too fast. Doesn't take much when you can't process it before more is coming in. \n\nThat and, most often the goal precisely is to get written off. To throw up, to coma out. Or, to fight someone or something. A night spent drinking without doing so, is apparently a waste, with the only exception being if it means you can drink the most, and that just sets the mark to beat for next time.", '10i5cen'], ['u/MerculesHorse', 13, '2023-01-22 11:40', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5e9l50/', "No, we suck at it. We drink a lot - or a little too quickly - and we can't handle it, we do stupid shit that badly affects others around us, we brush it under the table because we're stupid Kiwis who refuse to talk about difficult subjects properly, and do it again next weekend. Or all week at certain times of year. Like this time of year for certain groups, which without going in to detail is part of why I'm a bit riled up about it.\n\nOther cultures drink as much as us and don't get written off, or not to the same degree. Of course they all have their own stupid bullshit and quite often alcohol fuels that, I'm not saying other nationalities are better than us. But a lot of them are much better at drinking.", '10i5cen'], ['u/Taffy_Pull', 13, '2023-01-22 11:41', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5e9nda/', "My last Undy was in 2004. Me and my flatmates spent $465 on a red Lada we painted up like a firetruck. We took the wrong route after the Waimate pub, got lost, and ended up in Kurow. Made it to Dunners eventually with the help of a few slightly panicked calls to our sober driver's mum. After a cheeky tactical vom at my mate's flat we went to town and had a fantastic night. 10/10 oh to be 20 again...", '10i5cen'], ['u/wjean', 24, '2023-01-22 16:03', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5eyaoz/', "People have sustained that kind of speed fot a shocking long period of time in a cannonball attempt, which is an incredibly arrogant/self centered thing to try on public roads even if it was a pandemic.\n\n\nThey however don't do this on a uni kids budget. .. well, except that one guy who did it with a rental mustang and added 200 extra gallons of capacity in the interior so it was practically a moving fuel bomb.", '10i5cen'], ['u/northyj0e', 24, '2023-01-22 16:56', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5f5hsk/', "But still you'll never get it right\n\n'Cause when you're laid in bed at night\n\nWatching roaches climb the wall\n\n[If you called your dad he could stop it all.](https://youtu.be/yuTMWgOduFM)", '10i5cen'], ['u/Pianoplunkster', 26, '2023-01-22 17:07', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5f72yi/', 'The veterinarian students at our school threw the wildest mixers, definitely a plausible explanation', '10i5cen'], ['u/teensy_tigress', 11, '2023-01-22 19:08', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5fpbs5/', 'Couch burning is also an event at Canadian bush parties.', '10i5cen'], ['u/reallyhotgirlwhoshot', 43, '2023-01-22 19:27', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5fsgn1/', "I remember in 2009 a lot of young farmers coming from the rural areas to get involved and it seemed they had the goal of showing these preppy, spoiled students how real men drink - and of course they had less to lose given they couldn't be expelled from uni.\n\nAll in all, it was a great time. Yes shit got crazy, but honestly living on Castle St and experiencing this lifestyle is something I'll look back on fondly for the rest of my life.", '10i5cen'], ['u/Oppqrx', 16, '2023-01-22 20:16', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/j5g06er/', 'Medical students being infamous alcoholics', '10i5cen'], ['u/gr...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss.\nSee related article:Crypto is second most owned asset class for women after cash: report\n• Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com.\n• Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according todata from CoinMarketCap.\n• Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high.\n• Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10.\n• The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains.\n• The Nasdaq was helped by the strongperformance from Netflix Inc. which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engineGoogle, rose5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce.\n• U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points.\n• Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges', 'Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss. See related article: Crypto is second most owned asset class for women after cash: report Fast facts Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com. Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according to data from CoinMarketCap . Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high. Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10. The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX. U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains. The Nasdaq was helped by the strong performance from Netflix Inc . which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engine Google, rose 5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce. U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday. Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points. Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment. See related article: Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges View comments', 'Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss.\nSee related article:Crypto is second most owned asset class for women after cash: report\n• Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com.\n• Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according todata from CoinMarketCap.\n• Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high.\n• Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10.\n• The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains.\n• The Nasdaq was helped by the strongperformance from Netflix Inc. which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engineGoogle, rose5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce.\n• U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points.\n• Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continued its 2023 surge, jumping past $23,000 for the first time since August before retreating to trade at about $22,750.\nInsights:Microsoft effectively exited the metaverse. Will Apple succeed where other large tech firms have struggled in the space?\nCoinDesk Market Index (CMI)\n1,083.23\n+7.3▲0.7%\nBitcoin (BTC)\n$22,757\n−20.1▼0.1%\nEthereum (ETH)\n$1,639\n+15.7▲1.0%\nS&P 500 daily close\n3,972.61\n+73.8▲1.9%\nGold\n$1,933\n+6.6▲0.3%\nTreasury Yield 10 Years\n3.48%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nA Weekend Bitcoin Spurt Past $23K\nBy James Rubin\nBitcoin continued its recent buoyancy over the weekend, rising over $23,000 at one point – BTC\'s first time above the threshold since early August – before retreating late Sunday.\nThe largest cryptocurrency by market capitalization was recently trading above $22,750, roughly flat for the last 24 hours but up more than 8% during the past week. Bitcoin has risen roughly 37% this year as investors dismiss various crypto industry headwinds, most recently Genesis Global Holdco LLC filing for Chapter 11 bankruptcy protection, although in an email to CoinDesk Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said the rise was typical for first quarters and noted "a long consolidation period that saw shorts accumulating."\n"The market has risen, partially fueled the short squeeze," DiPasquale wrote, adding that "bitcoin and several altcoins are overheated and due for a correction. "We wouldn’t be surprised to see bitcoin testing $20,000 in the coming days."\n"For the week ahead, market participants should be mindful of downside risks and potentially seek to take profits."\nEther followed a similar weekend path and was recently changing hands near $1,640, up about 1% from Saturday, same time. The second-largest crypto in market value is up approximately 4.5% for the past week and 35% since Dec. 31.\nMost other major cryptos assumed a light green hue, although AXS, the token of the Axie Infinity gaming platform, and YGG, the native crypto of play-to-earn gaming guild Yield Guild Games, were up more than 38% and 18%, respectively. TheCoinDesk Market Index (CMI), a measure of leading cryptos\' market performance, was up slightly.\nCryptos\' weekend rise followed a positive Friday for equity indexes as the tech-heavy Nasdaq and S&P 500, which has a strong technology component, jumped 2.6% and 1.8%, respectively. Traditional asset markets have looked optimistically at mounting evidence that inflation is waning without casting the economy into a steep recession, and are hopeful that the U.S. Federal Reserve will be ratcheting back its next interest rate hike to25 basis points(bps) from its more recent diet of 75 and 50 bps increases.\nMeanwhile, Signature Bank will not handle crypto transactions larger than $100,000, according to aBloomberg reportthat cited a statement from exchange giant Binance. In a statement to Bloomberg, Binance said that Signature, which has been looking to reduce its exposure to crypto markets, would "no longer support any crypto exchange customers with buying and well amounts less than 100,000 USD as of February 1, 2023." Binance said that this would be "the case for all Signature\'s crypto exchange clients" and noted that some users might "not be able to use SWIFT bank transfers to buy or sell crypto with/for USD" is smaller amounts.\nIn recent weeks, Signature, which has ranked among the most crypto-friendly banks, andother financial services firmshave been reducing their exposure to crypto, part of the widening fallout from crypto exchange FTX\'s implosion. In December,Signature\'s CEO saidthe bank would shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion.\nNearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature\'s Joe DePaolo said at an investor conference hosted by investment bank Goldman Sachs.\nDespite his cautious outlook for the week, BitBull\'s DiPasquale was more sanguine about the crypto "market\'s appetite for risk."\n"This is a positive sign for an eventual recovery, but we believe that may need more time and could materialize by end of the year," he wrote.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+8.6%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+5.4%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}]\nMicrosoft Exits the Mixed Reality Space – at Least for Now\nBy Sam Reynolds\nBig tech ismaking massive cuts to its headcount, and Microsoft is no exception. While layoffs were to be expected at the computing giant as it follows the rest of its peers, they have impacted a specific segment of the company, which might impact exactly what the future idea of the metaverse looks like.\nAsWindows Central reports, Microsoft has laid off its entire mixed reality team, which was behind its virtual reality, augmented reality and HoloLens – itsenterprise-focused augmented reality headset– efforts.This includes AltSpace VR, Microsoft’s social VR platform which competes with Horizon Worlds.\nMicrosoft called its augmented and virtual reality efforts "mixed reality," and given the company’s size and scale, it probably had the best shot of making this a new computing paradigm. Microsoft Teams,used widely for collaboration, was fully integrated into the HoloLens as of December.\nBut themetaverse proved to be a strugglefor Microsoft.\nWhile Meta Platforms (formerly Facebook) has gone for the retail side of virtual reality and the metaverse, Microsoft has gone for enterprise users. The premiere enterprise client for the HoloLens was supposed to be the U.S. Army, but Congress isn’t so hot on the idea because test results have been mixed, whichhas led to limited funding.The head of HoloLens at Microsoftleft around the middle of the year.\nIf you’re bullish on the idea that the metaverse includes some sort of headset for virtualized reality, this isn’t very good for that thesis.\nThe struggle to catch on\nVR/AR is far from new, but found new energy when venture capitalists invented the term "metaverse" (to be sure, the metaverse doesn’t necessarily need to include VR or AR).\nIn the gaming world, VR has struggled to evolve past its status as a niche product. Headset sales have been growing since their widespread introduction in 2016,but this growth has slowed. In late December, consultancy IDCpublished a new forecast for AR/VR headsetsthat shows slowing growth for the medium.\nEnterprise should have been where VR/AR – and thus the metaverse – succeeded. But this doesn’t really seem to have caught on either. Microsoft chose to axe these teams when it needed to reduce spending because executives, privy to nonpublic numbers and discussions with potential customers, apparently didn’t see the value the medium.\nThe unmentioned issue here is Apple’s presence. Apple has the potential ability to make a market for a product that others have tried to do and struggled. Remember, the iPhone wasn’t the first smartphone. Palm, Microsoft and Nokia had internet-connected PDAs and phones out before Apple entered the arena. But all of these were largely forgettable compared to the iPhone.\nApple still plans to enter the metaverse in 2024-2025 with a mixed-reality headset, according to areport from Bloomberg. Its original plan of building AR glasses has been postponed due to technical challenges, but the company is still committed.\nBy the time Apple enters the market, perhaps in 2025, VR/AR would have been around for a decade. Any other medium with such limited performance would be labeled a niche and the market would move on, not giving it much attention. The question is, can Apple change this where the likes of Microsoft and HTC have struggled?\nThe idea of the metaverse with a headset displaying a virtualized form of reality is counting on this.\n9:30 p.m. HKT/SGT(13:30 UTC)Chicago Fed National Activity Index (Dec)\n11:00 p.m. HKT/SGT(15:00 UTC)European Commission Consumer Confidence (Jan)\n6:00 a.m. HKT/SGT(22:00 UTC)Australia S&P Global Servies PMI (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nGenesis\' Crypto Lending Businesses File for Bankruptcy, Winklevoss Threatens Legal Action Against DCG\nBitcoin (BTC) held around $21,000 as Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection. This came as Gemini CEO Cameron Winklevoss threatened to sue Digital Currency Group (DCG). DCG owns Genesis and CoinDesk. CoinDesk\'s News Desk Managing Editor Danny Nelson and Eric Snyder, Wilk Auslander LLP Partner, joined "First Mover" to discuss. Plus, Thomas Moser of the Swiss National Bank and Carbonbase CEO Max Song spoke with CoinDesk\'s Christine Lee from the World Economic Forum in Davos, Switzerland.\nGenesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing:Three of the institutional crypto brokerage\'s entities filed for Chapter 11 protection late Thursday.\nCrypto Lender Genesis Is FTX\'s Largest Unsecured Creditor With $226M in Claims:Genesis Global Capital leads the revised list that unredacted the names of several creditors.\nCrypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock:The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply.\nFantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees:The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process.\nDigital Currency Group Owes Subsidiary Genesis Global Over $1.65B:Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continued its 2023 surge, jumping past $23,000 for the first time since August before retreating to trade at about $22,750.\nInsights:Microsoft effectively exited the metaverse. Will Apple succeed where other large tech firms have struggled in the space?\nCoinDesk Market Index (CMI)\n1,083.23\n+7.3▲0.7%\nBitcoin (BTC)\n$22,757\n−20.1▼0.1%\nEthereum (ETH)\n$1,639\n+15.7▲1.0%\nS&P 500 daily close\n3,972.61\n+73.8▲1.9%\nGold\n$1,933\n+6.6▲0.3%\nTreasury Yield 10 Years\n3.48%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nA Weekend Bitcoin Spurt Past $23K\nBy James Rubin\nBitcoin continued its recent buoyancy over the weekend, rising over $23,000 at one point – BTC\'s first time above the threshold since early August – before retreating late Sunday.\nThe largest cryptocurrency by market capitalization was recently trading above $22,750, roughly flat for the last 24 hours but up more than 8% during the past week. Bitcoin has risen roughly 37% this year as investors dismiss various crypto industry headwinds, most recently Genesis Global Holdco LLC filing for Chapter 11 bankruptcy protection, although in an email to CoinDesk Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said the rise was typical for first quarters and noted "a long consolidation period that saw shorts accumulating."\n"The market has risen, partially fueled the short squeeze," DiPasquale wrote, adding that "bitcoin and several altcoins are overheated and due for a correction. "We wouldn’t be surprised to see bitcoin testing $20,000 in the coming days."\n"For the week ahead, market participants should be mindful of downside risks and potentially seek to take profits."\nEther followed a similar weekend path and was recently changing hands near $1,640, up about 1% from Saturday, same time. The second-largest crypto in market value is up approximately 4.5% for the past week and 35% since Dec. 31.\nMost other major cryptos assumed a light green hue, although AXS, the token of the Axie Infinity gaming platform, and YGG, the native crypto of play-to-earn gaming guild Yield Guild Games, were up more than 38% and 18%, respectively. TheCoinDesk Market Index (CMI), a measure of leading cryptos\' market performance, was up slightly.\nCryptos\' weekend rise followed a positive Friday for equity indexes as the tech-heavy Nasdaq and S&P 500, which has a strong technology component, jumped 2.6% and 1.8%, respectively. Traditional asset markets have looked optimistically at mounting evidence that inflation is waning without casting the economy into a steep recession, and are hopeful that the U.S. Federal Reserve will be ratcheting back its next interest rate hike to25 basis points(bps) from its more recent diet of 75 and 50 bps increases.\nMeanwhile, Signature Bank will not handle crypto transactions larger than $100,000, according to aBloomberg reportthat cited a statement from exchange giant Binance. In a statement to Bloomberg, Binance said that Signature, which has been looking to reduce its exposure to crypto markets, would "no longer support any crypto exchange customers with buying and well amounts less than 100,000 USD as of February 1, 2023." Binance said that this would be "the case for all Signature\'s crypto exchange clients" and noted that some users might "not be able to use SWIFT bank transfers to buy or sell crypto with/for USD" is smaller amounts.\nIn recent weeks, Signature, which has ranked among the most crypto-friendly banks, andother financial services firmshave been reducing their exposure to crypto, part of the widening fallout from crypto exchange FTX\'s implosion. In December,Signature\'s CEO saidthe bank would shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion.\nNearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature\'s Joe DePaolo said at an investor conference hosted by investment bank Goldman Sachs.\nDespite his cautious outlook for the week, BitBull\'s DiPasquale was more sanguine about the crypto "market\'s appetite for risk."\n"This is a positive sign for an eventual recovery, but we believe that may need more time and could materialize by end of the year," he wrote.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+8.6%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+5.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+5.4%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22121.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}]\nMicrosoft Exits the Mixed Reality Space – at Least for Now\nBy Sam Reynolds\nBig tech ismaking massive cuts to its headcount, and Microsoft is no exception. While layoffs were to be expected at the computing giant as it follows the rest of its peers, they have impacted a specific segment of the company, which might impact exactly what the future idea of the metaverse looks like.\nAsWindows Central reports, Microsoft has laid off its entire mixed reality team, which was behind its virtual reality, augmented reality and HoloLens – itsenterprise-focused augmented reality headset– efforts.This includes AltSpace VR, Microsoft’s social VR platform which competes with Horizon Worlds.\nMicrosoft called its augmented and virtual reality efforts "mixed reality," and given the company’s size and scale, it probably had the best shot of making this a new computing paradigm. Microsoft Teams,used widely for collaboration, was fully integrated into the HoloLens as of December.\nBut themetaverse proved to be a strugglefor Microsoft.\nWhile Meta Platforms (formerly Facebook) has gone for the retail side of virtual reality and the metaverse, Microsoft has gone for enterprise users. The premiere enterprise client for the HoloLens was supposed to be the U.S. Army, but Congress isn’t so hot on the idea because test results have been mixed, whichhas led to limited funding.The head of HoloLens at Microsoftleft around the middle of the year.\nIf you’re bullish on the idea that the metaverse includes some sort of headset for virtualized reality, this isn’t very good for that thesis.\nThe struggle to catch on\nVR/AR is far from new, but found new energy when venture capitalists invented the term "metaverse" (to be sure, the metaverse doesn’t necessarily need to include VR or AR).\nIn the gaming world, VR has struggled to evolve past its status as a niche product. Headset sales have been growing since their widespread introduction in 2016,but this growth has slowed. In late December, consultancy IDCpublished a new forecast for AR/VR headsetsthat shows slowing growth for the medium.\nEnterprise should have been where VR/AR – and thus the metaverse – succeeded. But this doesn’t really seem to have caught on either. Microsoft chose to axe these teams when it needed to reduce spending because executives, privy to nonpublic numbers and discussions with potential customers, apparently didn’t see the value the medium.\nThe unmentioned issue here is Apple’s presence. Apple has the potential ability to make a market for a product that others have tried to do and struggled. Remember, the iPhone wasn’t the first smartphone. Palm, Microsoft and Nokia had internet-connected PDAs and phones out before Apple entered the arena. But all of these were largely forgettable compared to the iPhone.\nApple still plans to enter the metaverse in 2024-2025 with a mixed-reality headset, according to areport from Bloomberg. Its original plan of building AR glasses has been postponed due to technical challenges, but the company is still committed.\nBy the time Apple enters the market, perhaps in 2025, VR/AR would have been around for a decade. Any other medium with such limited performance would be labeled a niche and the market would move on, not giving it much attention. The question is, can Apple change this where the likes of Microsoft and HTC have struggled?\nThe idea of the metaverse with a headset displaying a virtualized form of reality is counting on this.\n9:30 p.m. HKT/SGT(13:30 UTC)Chicago Fed National Activity Index (Dec)\n11:00 p.m. HKT/SGT(15:00 UTC)European Commission Consumer Confidence (Jan)\n6:00 a.m. HKT/SGT(22:00 UTC)Australia S&P Global Servies PMI (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nGenesis\' Crypto Lending Businesses File for Bankruptcy, Winklevoss Threatens Legal Action Against DCG\nBitcoin (BTC) held around $21,000 as Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection. This came as Gemini CEO Cameron Winklevoss threatened to sue Digital Currency Group (DCG). DCG owns Genesis and CoinDesk. CoinDesk\'s News Desk Managing Editor Danny Nelson and Eric Snyder, Wilk Auslander LLP Partner, joined "First Mover" to discuss. Plus, Thomas Moser of the Swiss National Bank and Carbonbase CEO Max Song spoke with CoinDesk\'s Christine Lee from the World Economic Forum in Davos, Switzerland.\nGenesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing:Three of the institutional crypto brokerage\'s entities filed for Chapter 11 protection late Thursday.\nCrypto Lender Genesis Is FTX\'s Largest Unsecured Creditor With $226M in Claims:Genesis Global Capital leads the revised list that unredacted the names of several creditors.\nCrypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock:The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply.\nFantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees:The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process.\nDigital Currency Group Owes Subsidiary Genesis Global Over $1.65B:Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.', 'Good morning. Here’s what’s happening: Prices: Bitcoin continued its 2023 surge, jumping past $23,000 for the first time since August before retreating to trade at about $22,750. Insights: Microsoft effectively exited the metaverse. Will Apple succeed where other large tech firms have struggled in the space? Prices CoinDesk Market Index (CMI) 1,083.23 +7.3 ▲ 0.7% Bitcoin (BTC) $22,757 −20.1 ▼ 0.1% Ethereum (ETH) $1,639 +15.7 ▲ 1.0% S&P 500 daily close 3,972.61 +73.8 ▲ 1.9% Gold $1,933 +6.6 ▲ 0.3% Treasury Yield 10 Years 3.48% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET A Weekend Bitcoin Spurt Past $23K By James Rubin Bitcoin continued its recent buoyancy over the weekend, rising over $23,000 at one point – BTC\'s first time above the threshold since early August – before retreating late Sunday. The largest cryptocurrency by market capitalization was recently trading above $22,750, roughly flat for the last 24 hours but up more than 8% during the past week. Bitcoin has risen roughly 37% this year as investors dismiss various crypto industry headwinds, most recently Genesis Global Holdco LLC filing for Chapter 11 bankruptcy protection, although in an email to CoinDesk Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said the rise was typical for first quarters and noted "a long consolidation period that saw shorts accumulating." "The market has risen, partially fueled the short squeeze," DiPasquale wrote, adding that "bitcoin and several altcoins are overheated and due for a correction. "We wouldn’t be surprised to see bitcoin testing $20,000 in the coming days." "For the week ahead, market participants should be mindful of downside risks and potentially seek to take profits." Ether followed a similar weekend path and was recently changing hands near $1,640, up about 1% from Saturday, same time. The second-largest crypto in market value is up approximately 4.5% for the past week and 35% since Dec. 31. Story continues Most other major cryptos assumed a light green hue, although AXS, the token of the Axie Infinity gaming platform, and YGG, the native crypto of play-to-earn gaming guild Yield Guild Games, were up more than 38% and 18%, respectively. The CoinDesk Market Index (CMI) , a measure of leading cryptos\' market performance, was up slightly. Cryptos\' weekend rise followed a positive Friday for equity indexes as the tech-heavy Nasdaq and S&P 500, which has a strong technology component, jumped 2.6% and 1.8%, respectively. Traditional asset markets have looked optimistically at mounting evidence that inflation is waning without casting the economy into a steep recession, and are hopeful that the U.S. Federal Reserve will be ratcheting back its next interest rate hike to 25 basis points (bps) from its more recent diet of 75 and 50 bps increases. Meanwhile, Signature Bank will not handle crypto transactions larger than $100,000, according to a Bloomberg report that cited a statement from exchange giant Binance. In a statement to Bloomberg, Binance said that Signature, which has been looking to reduce its exposure to crypto markets, would "no longer support any crypto exchange customers with buying and well amounts less than 100,000 USD as of February 1, 2023." Binance said that this would be "the case for all Signature\'s crypto exchange clients" and noted that some users might "not be able to use SWIFT bank transfers to buy or sell crypto with/for USD" is smaller amounts. In recent weeks, Signature, which has ranked among the most crypto-friendly banks, and other financial services firms have been reducing their exposure to crypto, part of the widening fallout from crypto exchange FTX\'s implosion. In December, Signature\'s CEO said the bank would shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion. Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature\'s Joe DePaolo said at an investor conference hosted by investment bank Goldman Sachs. Despite his cautious outlook for the week, BitBull\'s DiPasquale was more sanguine about the crypto "market\'s appetite for risk." "This is a positive sign for an eventual recovery, but we believe that may need more time and could materialize by end of the year," he wrote. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +8.6% Entertainment Loopring LRC +5.9% Smart Contract Platform Dogecoin DOGE +5.4% Currency Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −1.8% Smart Contract Platform Bitcoin BTC −0.1% Currency Insights Microsoft Exits the Mixed Reality Space – at Least for Now By Sam Reynolds Big tech is making massive cuts to its headcount , and Microsoft is no exception. While layoffs were to be expected at the computing giant as it follows the rest of its peers, they have impacted a specific segment of the company, which might impact exactly what the future idea of the metaverse looks like. As Windows Central reports , Microsoft has laid off its entire mixed reality team, which was behind its virtual reality, augmented reality and HoloLens – its enterprise-focused augmented reality headset – efforts. This includes AltSpace VR , Microsoft’s social VR platform which competes with Horizon Worlds. Microsoft called its augmented and virtual reality efforts "mixed reality," and given the company’s size and scale, it probably had the best shot of making this a new computing paradigm. Microsoft Teams, used widely for collaboration , was fully integrated into the HoloLens as of December. But the metaverse proved to be a struggle for Microsoft. While Meta Platforms (formerly Facebook) has gone for the retail side of virtual reality and the metaverse, Microsoft has gone for enterprise users. The premiere enterprise client for the HoloLens was supposed to be the U.S. Army, but Congress isn’t so hot on the idea because test results have been mixed, which has led to limited funding. The head of HoloLens at Microsoft left around the middle of the year. If you’re bullish on the idea that the metaverse includes some sort of headset for virtualized reality, this isn’t very good for that thesis. The struggle to catch on VR/AR is far from new, but found new energy when venture capitalists invented the term "metaverse" (to be sure, the metaverse doesn’t necessarily need to include VR or AR). In the gaming world, VR has struggled to evolve past its status as a niche product. Headset sales have been growing since their widespread introduction in 2016, but this growth has slowed . In late December, consultancy IDC published a new forecast for AR/VR headsets that shows slowing growth for the medium. Enterprise should have been where VR/AR – and thus the metaverse – succeeded. But this doesn’t really seem to have caught on either. Microsoft chose to axe these teams when it needed to reduce spending because executives, privy to nonpublic numbers and discussions with potential customers, apparently didn’t see the value the medium. The unmentioned issue here is Apple’s presence. Apple has the potential ability to make a market for a product that others have tried to do and struggled. Remember, the iPhone wasn’t the first smartphone. Palm, Microsoft and Nokia had internet-connected PDAs and phones out before Apple entered the arena. But all of these were largely forgettable compared to the iPhone. Apple still plans to enter the metaverse in 2024-2025 with a mixed-reality headset, according to a report from Bloomberg . Its original plan of building AR glasses has been postponed due to technical challenges, but the company is still committed. By the time Apple enters the market, perhaps in 2025, VR/AR would have been around for a decade. Any other medium with such limited performance would be labeled a niche and the market would move on, not giving it much attention. The question is, can Apple change this where the likes of Microsoft and HTC have struggled? The idea of the metaverse with a headset displaying a virtualized form of reality is counting on this. Important events 9:30 p.m. HKT/SGT(13:30 UTC) Chicago Fed National Activity Index (Dec) 11:00 p.m. HKT/SGT(15:00 UTC) European Commission Consumer Confidence (Jan) 6:00 a.m. HKT/SGT(22:00 UTC) Australia S&P Global Servies PMI (Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Genesis\' Crypto Lending Businesses File for Bankruptcy, Winklevoss Threatens Legal Action Against DCG Bitcoin (BTC) held around $21,000 as Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection. This came as Gemini CEO Cameron Winklevoss threatened to sue Digital Currency Group (DCG). DCG owns Genesis and CoinDesk. CoinDesk\'s News Desk Managing Editor Danny Nelson and Eric Snyder, Wilk Auslander LLP Partner, joined "First Mover" to discuss. Plus, Thomas Moser of the Swiss National Bank and Carbonbase CEO Max Song spoke with CoinDesk\'s Christine Lee from the World Economic Forum in Davos, Switzerland. Headlines Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing: Three of the institutional crypto brokerage\'s entities filed for Chapter 11 protection late Thursday. Crypto Lender Genesis Is FTX\'s Largest Unsecured Creditor With $226M in Claims: Genesis Global Capital leads the revised list that unredacted the names of several creditors. Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock: The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply. Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees: The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process. Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B: Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.', "The FTSE 100 and European stocks finished higher on Monday, despite recession fears on both sides of the Atlantic.\nThe FTSE 100 (^FTSE) rose 0.24% to close at 7,789, while the CAC 40 (^FCHI) in Paris jumped 0.62% to 7,039 points. In Germany, the DAX (^GDAXI) climbed 0.49% at 15,033.\nAcross the pond, stocks were higher despite fears of a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings.\nThe Dow Jones (^DJI) rose 1.06% to 33,728 points. The S&P 500 (^GSPC) gained 1.38% to 4,027 points and the tech-heavy NASDAQ (^IXIC) advanced 1.97% to 11,359.\nSusannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: “The FTSE 100 has opened marginally higher, as quiet optimism continues to swirl.”\nRead more:UK recession could be twice as bad as previously expected\nShe also highlighted “investor confidence has jumped 12% according to the Hargreaves Lansdown survey which tracks sentiment every month.”\nOcado (OCDO.L) led this session's gains, up 3.93%, followed by Persimmon (PSN.L), up 2.04%, and Primark owner Associated British Foods (ABF.L). Miner Antofagasta (ANTO.L), up 1.71%, and JD Sports (JD.L), up 1.66% complete the top five risers.\nSterling (GBPUSD=X) also hit a seven-month high against US dollar, with the pound climbing 0.16% to around $1.2413 before retreating.\nAJ Bell investment director Russ Mould said: “The big economic announcements come on Thursday and Friday as the US releases GDP figures for the fourth quarter and core inflation numbers from the world’s largest economy are also released.\n“These will offer insight into two key and related factors which are grabbing the market’s attention right now. First, will the US avoid a deep recession and second, will inflation ease sufficiently to allow the Federal Reserve to ease up on interest rates before it has inflicted too much pain on businesses and consumers?\n“Tomorrow the focus will be on PMI data from the US, Europe and the UK. Always a useful leading indicator given how on top of the economic backdrop the purchasing managers surveyed must be to get their decisions right.\nRead more:Bitcoin price near $23,000 as it shrugs off Genesis bankruptcy\n“Transport and infrastructure names were, appropriately enough, helping to get the UK market moving at the start of the week. Balfour Beatty (BBY.L) continues to impress under market Mr Fix-it Leo Quinn as it snared a £1.2bn contract to deliver a package of works linked to the proposed Lower Thames Crossing while National Express secured new rail franchises in Germany.”\nThe EY Item Clubwarned the UK recessionwill be deeper than it thought three months ago.\nThe consultancy sees a 0.7% contraction for this year, compared with 0.3% predicted in October. This will be followed by growth of 1.9% in 2024, down from the 2.4% improvement previously expected.\nMeanwhile, Brent crude (BZ=F) bounced back and was trading at around $88 per barrel, amid optimism around China's demand outlook.\nIn Asia, Tokyo’s Nikkei 225 (^N225) closed higher, climbing 1.33% to 26,906 points, while the Hang Seng (^HSI) in Hong Kong gained 1.82% to 22,044. The Shanghai Composite (000001.SS) also edged higher, rising 0.76% to 3,264 points.", "FTSE higher as Wall Street starts brisk week with modest gains. Photo: Angela Weiss/AFP (ANGELA WEISS via Getty Images) The FTSE 100 and European stocks finished higher on Monday, despite recession fears on both sides of the Atlantic. The FTSE 100 ( ^FTSE ) rose 0.24% to close at 7,789, while the CAC 40 ( ^FCHI ) in Paris jumped 0.62% to 7,039 points. In Germany, the DAX ( ^GDAXI ) climbed 0.49% at 15,033. Across the pond, stocks were higher despite fears of a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings. The Dow Jones ( ^DJI ) rose 1.06% to 33,728 points. The S&P 500 ( ^GSPC ) gained 1.38% to 4,027 points and the tech-heavy NASDAQ ( ^IXIC ) advanced 1.97% to 11,359. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: \x93The FTSE 100 has opened marginally higher, as quiet optimism continues to swirl.\x94 Read more: UK recession could be twice as bad as previously expected She also highlighted \x93investor confidence has jumped 12% according to the Hargreaves Lansdown survey which tracks sentiment every month.\x94 Ocado ( OCDO.L ) led this session's gains, up 3.93%, followed by Persimmon ( PSN.L ), up 2.04%, and Primark owner Associated British Foods ( ABF.L ). Miner Antofagasta ( ANTO.L ), up 1.71%, and JD Sports ( JD.L ), up 1.66% complete the top five risers. Sterling ( GBPUSD=X ) also hit a seven-month high against US dollar, with the pound climbing 0.16% to around $1.2413 before retreating. AJ Bell investment director Russ Mould said: \x93The big economic announcements come on Thursday and Friday as the US releases GDP figures for the fourth quarter and core inflation numbers from the world\x92s largest economy are also released. \x93These will offer insight into two key and related factors which are grabbing the market\x92s attention right now. First, will the US avoid a deep recession and second, will inflation ease sufficiently to allow the Federal Reserve to ease up on interest rates before it has inflicted too much pain on businesses and consumers? \x93Tomorrow the focus will be on PMI data from the US, Europe and the UK. Always a useful leading indicator given how on top of the economic backdrop the purchasing managers surveyed must be to get their decisions right. Story continues Read more: Bitcoin price near $23,000 as it shrugs off Genesis bankruptcy \x93Transport and infrastructure names were, appropriately enough, helping to get the UK market moving at the start of the week. Balfour Beatty ( BBY.L ) continues to impress under market Mr Fix-it Leo Quinn as it snared a £1.2bn contract to deliver a package of works linked to the proposed Lower Thames Crossing while National Express secured new rail franchises in Germany.\x94 The EY Item Club warned the UK recession will be deeper than it thought three months ago. The consultancy sees a 0.7% contraction for this year, compared with 0.3% predicted in October. This will be followed by growth of 1.9% in 2024, down from the 2.4% improvement previously expected. Meanwhile, Brent crude ( BZ=F ) bounced back and was trading at around $88 per barrel, amid optimism around China's demand outlook. In Asia, Tokyo\x92s Nikkei 225 ( ^N225 ) closed higher, climbing 1.33% to 26,906 points, while the Hang Seng ( ^HSI ) in Hong Kong gained 1.82% to 22,044. The Shanghai Composite ( 000001.SS ) also edged higher, rising 0.76% to 3,264 points. Watch: Fed will raise rates again, 'markets will like it': Teddy Weisberg", 'Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Dogecoin led gains at 4.32% and Solana was the biggest loser among top 10 cryptos. See related article: Binance Charity to fund over 30,000 Web3 scholarships in 2023 Fast facts Bitcoin, the world’s largest cryptocurrency, dipped 0.89% to US$22,701 on Monday at 4 p.m. in Hong Kong after gaining 7.46% in the past seven days, according to CoinMarketCap data . Ethereum gained 0.3% to US$1,634, and strengthened 4.31% on the week. Dogecoin, the world’s top memecoin, led gains among top 10 cryptos, rising 4.32% to US$0.08936, after gaining 3.53% in the past week. Solana lost most, by 2.76% to US$24.48, after posting a weekly gain of 0.86%. Many Asian equity markets were closed on Monday for the Lunar New Year holidays in the region. Japan’s Nikkei 225 gained 1.33% on Monday and India’s Sensex inched up 0.5% at 2.40 p.m. local time. See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?', 'Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Dogecoin led gains at 4.32% and Solana was the biggest loser among top 10 cryptos.\nSee related article:Binance Charity to fund over 30,000 Web3 scholarships in 2023\n• Bitcoin, the world’s largest cryptocurrency, dipped 0.89% to US$22,701 on Monday at 4 p.m. in Hong Kong after gaining 7.46% in the past seven days, according toCoinMarketCap data.\n• Ethereum gained 0.3% to US$1,634, and strengthened 4.31% on the week.\n• Dogecoin, the world’s top memecoin, led gains among top 10 cryptos, rising 4.32% to US$0.08936, after gaining 3.53% in the past week.\n• Solana lost most, by 2.76% to US$24.48, after posting a weekly gain of 0.86%.\n• Many Asian equity markets were closed on Monday for the Lunar New Year holidays in the region. Japan’sNikkei 225gained 1.33% on Monday and India’sSensexinched up 0.5% at 2.40 p.m. local time.\n• See related article:Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?', 'Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies
**Last 60 Days of Bitcoin's Closing Prices:**
[16604.46, 16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-23
**Financial & Commodity Data:**
- Gold Closing Price: $1927.10
- Crude Oil Closing Price: $81.62
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $439,093,625,450
- Hash Rate: 295243790.7009466
- Transaction Count: 293709.0
- Unique Addresses: 651866.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cryptocurrency exchange Crypto.com will no longer facilitate transactions involving Tether in Canada and plans to delist the largest stablecoin by market capitalization for customers in the region. “Crypto.com has delisted USDT for users in Canada in accordance with instructions from the Ontario Securities Commission (OSC) as part of our pre-registration undertaking for a restricted dealer license,” a spokesperson for Crypto.com told Decrypt . Canadian users of the exchange were notified about the company’s change in policy on Tuesday via email, as images of the delisting notice began to crop on both Reddit and Twitter . The notice stated Crypto.com’s support of Tether will end on Jan. 31, without specifically stating users in Canada would only be affected, prompting confusion on behalf of some on social media. The exchange warned users that all trading, deposits, and withdrawals will not be facilitated after the deadline. “Please take urgent action to review your USDT balance and take necessary action,” the notice stated. Any remaining USDT balances would “automatically” be converted to Circle’s USD Coin, another stablecoin that tracks the price of the dollar. The exchange also stated the retrieval of USDT deposits made after the deadline may not be possible or warrant some fees. Tether is the third-largest digital asset by market capitalization and crypto’s largest stablecoin, according to data from CoinGecko , with a total value of around $66 billion. USD Coin is currently second among stablecoins at nearly $43 billion in total value but gained ground against Tether last year. Stablecoins play an integral role in the crypto ecosystem, giving people an option to swap cryptocurrencies for a more stable store of value without converting digital assets into so-called fiat money, such as the U.S. dollar. Crypto.com’s decision to delist Tether follows regulatory clarification from the Canadian Standards Association (CSA) in December. The update was posted to the Ontario Securities Commission’s website. Story continues “The CSA continues to monitor and assess the presence and role of stablecoins in Canadian capital market,” it stated. “As a result of this ongoing work, the CSA is of the view that stablecoins, or stablecoin arrangements, may constitute securities and/or derivatives.” Judge Orders Tether to Produce Records Showing Backing of USDT The blog post emphasized that cryptocurrency exchanges registered in Canada are “prohibited from permitting Canadian clients to trade, or obtain exposure to, any crypto asset that is itself a security and/or a derivative.” Additionally, the update stated that registered cryptocurrency exchanges are responsible for having their own systems and procedures for determining whether a digital asset is a security or derivative. Tether Scrutiny The mix of assets backing Tether’s tokens is a 1-to-1 match in value, according to Tether’s website , which states its reserves are mostly composed of cash and cash equivalents, such as U.S. Treasury bills. However, Tether has faced legal scrutiny in the past year regarding the contents of its reserves. Katherine Polk Failla, a U.S. district judge for the Southern District of New York, ordered Tether to produce financial documents in September related to its backing of USDT. The order pertains to an ongoing lawsuit brought by several crypto traders against Tether, which alleges the company propped up the price of Bitcoin through trades made with unbacked Tether tokens. Over the summer, Tether fought back against allegations that its reserves contained a mix of commercial paper from Chinese and Asian companies, calling them “false rumors.” Months later, Tether announced it had eliminated its holdings of commercial paper–short-term, unsecured debt issued by a corporation–which would be replaced by U.S. Treasury bills. In early 2021, Tether and Bitfinex, a cryptocurrency exchange with the same parent company as Tether, were shut down in New York and ordered to pay $18.5 million for false statements made about Tether’s backing, following a 22-month investigation by the state. “These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system,” said New York Attorney General Letitia James. “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.” The Tether Controversy: A Brief History In response to USDT’s delisting from Crypto.com, a spokesperson for Tether told Decrypt that “Canada is not a core market for Tether.” The spokesperson added: “While this does not mean that we will abandon our interest in ensuring that Tether products can be used beyond any borders, we abide by regulatory guidelines.” The spokesperson described Canada as “moving more aggressively” to regulate crypto compared to most countries, adding a “fair, open and forward looking approach to financial access should be encouraged.” Editor's note: This article was updated after publication to include additional context regarding Tether and to include comments from a Tether spokesperson....
- Reddit Posts (Sample): [['u/Odd-Home1094', 'WHERE ARE THE SERVERS THAT MAKE THE BITCOIN BLOCKCHAIN', 28, '2023-01-23 00:32', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/', 'I understand that bitcoin is only "a message stored in a blockchain" that confirms that a certain wallet has "X amount" of it, however, this data needs to be stored somewhere and that\'s my question. Where is that data stored? it doesn\'t make sense to be installed on each computer ( Since there is Billions of transaction already"... Is there some specific servers that run the blockchain?', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/', '10ixrkb', [['u/mihaialexmihaialex', 100, '2023-01-23 00:40', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h56hd/', "they're called nodes. they're spread all over the world. they're people's computers that run bitcoin software and are connected to the bitcoin network. bitcoin nodes validate, broadcast, process and store BTC transactions.", '10ixrkb'], ['u/Pasukaru0', 27, '2023-01-23 00:40', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h5aua/', "One is sitting in my hallway. It's my old macbook pro from 2015, now running ubuntu and bitcoin core + other stuff.\n\nOne of the 'other stuff' is my mempool instance: \n[https://mempool.pasukaru.me/](https://mempool.pasukaru.me/)", '10ixrkb'], ['u/Odd-Home1094', 29, '2023-01-23 00:58', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h7sq8/', 'So your Macbook is storing all the data about all the transactions since the first one and is currently storing all the millions of transactions that are occurring at the moment?', '10ixrkb'], ['u/Pasukaru0', 18, '2023-01-23 01:01', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h86yf/', "For bitcoin, yes. But it's not millions of transactions 'at the moment'. It's a couple thousand (max 4mb) every 10 minutes. Which currently amounts to 520 something GB of data from the last 13 years. \n\n\nThat's the power of bitcoin. Anyone can run a node!", '10ixrkb'], ['u/mihaialexmihaialex', 89, '2023-01-23 01:03', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h8j0v/', "it's called blockchain and at the moment it has around 500GB and counting", '10ixrkb'], ['u/looneytones8', 49, '2023-01-23 01:07', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h92pw/', "Yes. The Bitcoin blockchain in its entirety is only about 500gb. Pruned it's even less. It's one of the reasons Bitcoin is the most decentralized blockchain, anyone can run a node on their computer.", '10ixrkb'], ['u/Flat4Power4Life', 11, '2023-01-23 02:19', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hjkmi/', 'We are Satoshi', '10ixrkb'], ['u/igadjeed', 17, '2023-01-23 03:06', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hq8ut/', "> it doesn't make sense to be installed on each computer\n\nWhat an assumption. Reverse it. Read \nhttps://bitcoin.org/bitcoin.pdf \n\nYes, the entire blockchain really is stored on every computer", '10ixrkb'], ['u/Abundance144', 28, '2023-01-23 03:36', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5huhsf/', 'The limited "speed" of Bitcoin transactions is intention for this reason; so anyone with minimal hardware can run a complete copy of Bitcoin from anywhere with an internet connection.', '10ixrkb'], ['u/HitMePat', 35, '2023-01-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hupds/', "It isn't terrabytes yet. It only grows at like 250mB per day. Bandwidth and storage scale way faster than the Bitcoin Blockchain grows so it'll always be reasonably affordable for many people to run nodes.", '10ixrkb'], ['u/grndslm', 26, '2023-01-23 04:53', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5i4qkl/', 'The limited "function" is by design, as well. Smart contracts are best kept separate from the monetary layer.\n\nThe layered approach is definitely an underrated aspect of Bitcoin development. From the ground up, it\'s designed from a matter of first principles.', '10ixrkb'], ['u/Wonderingbye', 14, '2023-01-23 04:55', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5i4vyb/', 'This is exactly why the forks of bitcoin exist. Bitcoin chose to keep the block size small so that almost anyone can run their own node on their home computer', '10ixrkb'], ['u/redrocketman74', 11, '2023-01-23 05:51', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5ibbt1/', 'It literally just says the word "Error"?', '10ixrkb'], ['u/Bitcoin_Maximalist', 10, '2023-01-23 09:12', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5isufv/', '> bitcoin nodes validate, broadcast, process and store BTC transactions.\n\nbut nodes don´t "build" the blockchain, Miners do (which run nodes too) :)', '10ixrkb']]], ['u/brockm92', 'Why are the majority of top news media sites publishing negative articles regarding crypto?', 13, '2023-01-23 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/', 'I understand the negative things that have impacted crypto and its reputation such as FTX and the recent arrest of Anatoly Legkodymov, but it\'s like two different realities at the moment. As I watch crypto start to rebound (all signs point to it not being a dead cat bounce) I see articles with titles such as "The Crypto Collapse Continues" or "Bitcoin is Doomed"... and constant reporting on every negative thing that happens in the industry, which I understand there is plenty of. But there is a lot of positive as well and I see very little reporting on it from the larger media networks. Why?', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/', '10j2p7t', [['u/zoomercoomer9000', 14, '2023-01-23 04:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/j5i3k39/', "The irony is they misrepresent those crimes as being unique to cryptocurrency, but in most cases you'll find it is the same fraud that occurs with traditional finance.", '10j2p7t']]], ['u/Independent_Map6829', 'We live in a crazy world where you can buy real money with fake money', 119, '2023-01-23 05:37', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/', 'Take advantage while you still have the privilege to buy bitcoin with FIAT (aka toilet paper)', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/', '10j3x6v', [['u/shillyshally', 52, '2023-01-23 05:52', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5ibg36/', 'All money is made up.', '10j3x6v'], ['u/Successful_Screen563', 29, '2023-01-23 09:16', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5it57l/', 'We still decided on the idea that gold will serve as money.', '10j3x6v'], ['u/Apprehensive_Loan776', 55, '2023-01-23 10:25', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5iy1xk/', 'Problem is my bank only accepts fake money, so I have to sell my real money for fake money to pay them interest on their fake money so I can keep my real property.', '10j3x6v'], ['u/Raju_Patel', 10, '2023-01-23 13:33', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jcnoi/', "It's like we're in a gold rush, but we all have easy access to the gold and you just have to decide to buy and hold it.", '10j3x6v'], ['u/Raju_Patel', 10, '2023-01-23 15:40', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jrglz/', 'And if Bitcoin it is the "gold" almost all of these Alt coins are the fool\'s gold. Some may prove worthy to be the Silver, Platinum, Copper, palladium, etc ... but it\'s too early to tell\n\nEdit: I might even argue Bitcoin is Silver bcos both are highly useful (silver is more industrial than gold) , scare (silver is an endangered element), and undervalued (silver is manipulated with paper silver), but all the same it\'s worth holding.', '10j3x6v'], ['u/collect_my_corpse', 12, '2023-01-23 16:10', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jvp5i/', 'I’ll be happy to take on any “toilet paper” fiat you guys are dumping. I mean that shit is worthless, I’ll take it off your hands. You don’t have to do anything. Just give it to me. See I’m a bit of a hoarder and I like to stockpile worthless things like fiat. So help me build my worthless “toilet paper” fiat garbage dumps.', '10j3x6v'], ['u/void_evilness', 10, '2023-01-23 19:57', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5kvd7j/', 'I love bitcoin and everything it stands for, but money is not fake.. the system is flawed and predatory but it is far from being unreal or useless.', '10j3x6v']]], ['u/AutoModerator', '[Daily Discussion] - Monday, January 23, 2023', 40, '2023-01-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/', '10j4cgj', [['u/roadworn', 17, '2023-01-23 07:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5iih9c/', "Gang, don't worry. We are building thick glacial support above CAN 30k. The northern brethren holding the line as we move into Monday. Bless.", '10j4cgj'], ['u/Cadenca', 22, '2023-01-23 08:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5irtdo/', '"We are slightly hot on the technicals, this is unsustainable. We need to dump by a modest $4500". -Bears', '10j4cgj'], ['u/owenhehe', 20, '2023-01-23 10:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5iyeyz/', "In UK, petrol price is already lower than before the war. Some countries already started reducing interest rate (I think it was Angola on Saturday), and there are over $4 trillion cash on the sideline. The front running of fed pivot already started 2 weeks ago, it might not be too late to catch the train. Just look at mining stocks, they bounced hard, really hard. Though I respect every shorter at these times, I don't have gut to take that trade.", '10j4cgj'], ['u/BootyPoppinPanda', 30, '2023-01-23 14:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5jkmto/', "Nahhh this is still Goblin Town (18-25k) imo. We were in SBF's weird sex dungeon just a few weeks ago, and I'm glad we're out of that at least", '10j4cgj'], ['u/thunderchicken_', 10, '2023-01-23 14:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5jlfzq/', '*\\*binance enters the chat\\**', '10j4cgj'], ['u/Westbrook_Level', 17, '2023-01-23 15:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5jn50u/', 'BTC ripping faces off lately and the thread yesterday still only had 129 comments. You may in fact be early.', '10j4cgj'], ['u/ThunderPuffin', 12, '2023-01-23 16:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5jvpek/', "Decentralized, borderless, permissionless, frictionless, immutable, auditable and absolutely scarce. It can't be stopped.", '10j4cgj'], ['u/DEEPFIELDSTAR', 11, '2023-01-23 16:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5jyzn7/', 'Shorting now is suicide. Every little micro ‘dump’ gets gobbled up so fast this thing wants to rip towards 25k it’s clear as day.', '10j4cgj'], ['u/DEEPFIELDSTAR', 17, '2023-01-23 16:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5k1wxr/', 'You just said the same thing I did using more words.', '10j4cgj'], ['u/DEEPFIELDSTAR', 18, '2023-01-23 16:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5k2wyd/', 'YOU WILL LITERALLY DIE IF YOU SHORT HERE 😋', '10j4cgj'], ['u/thewardser', 20, '2023-01-23 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5k7ikv/', "you know a lot of people say that the recession is totally not going to happen, and that the banks are just lying with their predictions\n\nbut then, you look and every major tech company is laying off tens of thousands of people again and again...and you have to ask yourself...is Google firing 12,000 people(6% of staff) because they fell for the bank's BS...or are they doing it because they ran their own numbers that said that a prolonged recession is in the cards\n\npersonally i think the idea that this country can survive such massive hikes in interest rates without a recession, major drops in GDP and massive layoffs is just pure hopium. To me Google's decision and all these big firms doing layoffs is just the canary in the coal mine that shit is about to hit the fan. \n\nFirst you have lay offs in the tech sector because they actually track data and know that things have changed, then the rest of the employers catch up and follow up with their own layoffs.\n\nSo this relief rally both in stocks and crypto to me is nothing more than a bulltrap, a short term move up that may last 3-4 months to give whales time to unload until the reality of the situation shows up and we start getting non-stop reports of companies having decreasing revenues and doing massive layoffs \n\nSo still sticking with this 10x long until $24,800 and just doing scalps and saving adding to my long term stack until we drop below $10K as planned(~Q2-Q3 of this year)", '10j4cgj'], ['u/DEEPFIELDSTAR', 14, '2023-01-23 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5k9l2t/', 'Wardser’s $8k candle not coming fast enough and he big mad.\n\nYou might be right, but also the tech sector is so bloated with busywork and overspending that these companies could lay off 20% of their workforce and still function without a blip. It might be a canary but it’s a pretty drunken canary. \n\nThe threat of recession may have caused these companies to look harder but the decisions to axe employees may be more about realizing just how many useless bodies were actually employed. Recession threats or not any company that audits its workforce will always find some fat to trim - and the tech sector is ripe with people being paid to do nothing.', '10j4cgj'], ['u/BootyPoppinPanda', 12, '2023-01-23 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5ka7n4/', "I can follow your path of logic, and I appreciate that, but I'm still not sold on your conclusion that Bitcoin will absolutely crater because of it.\n\nThere are some scenarios where flights to Bitcoin might come hard and fast. The lifeboat, if you will. Not in America which is what you are focused on for valid reason, but other nations might be different. Then the frontrunning of the situation, then the frontrunning of the halving might be enough demand to stay flat or go up.\n\nBasically I get your point that recession equals no room to buy magical internet money, but my point is that it's not really actually just funny internet money. It might actually be the lifeboat, and recessions are the sinking fiat ships", '10j4cgj'], ['u/skarbowkajestsuper', 13, '2023-01-23 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kenk4/', "The recent layoffs are just an excuse to cut some bloat that has been amassed over the years. Pre-breakeven companies extend runways and are able delay their next round (to raise at higher valuations), public companies reframe to adjust to the investor paradigm shift (value investing replacing growth investing), and in case of big tech, they comply with pressure from shareholders. (Look up last weeks Hohn's letter to Sundar Pichai)\n\nIt's not the canary in the coal mine - it's the exact opposite end of the spectrum. If anything, it's a sign that companies are prepping for new cycle that they can feel is just around the corner", '10j4cgj'], ['u/krom1985', 13, '2023-01-23 18:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kk7ak/', 'That’s all well and good, but where’s the big liquidity/credit event coming from?\n\nCrypto had its last year with all the hedgies culminating with FTX.\n\nBanks are well capitalized/reserve ratios are healthy. This ain’t 2008. The economy has been in recession since last year and remains so realistically. It’s going to be baked into the markets. That’s not to say that we “run it back turbo”. We might spend a couple of years crabbing while the economy loosens up again.\n\nWho is going to sell so much Bitcoin at the margin to send the price back to new lows? Not saying it can’t happen, but who? Who is the forced seller after last year’s leveraged wipeout? Maybe Saylor? Can we reach hie liquidation price? Can he not add to his position?', '10j4cgj'], ['u/FmgNRTJj', 15, '2023-01-23 19:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kod10/', 'Or big tech is oversaturated with useless ticktockers and can use this opportunity to purge them without creating excessive concerns about their business.', '10j4cgj'], ['u/bubblesmcnutty', 11, '2023-01-23 19:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kq9yh/', 'Bitcoin feels like it’s about to pop again doesn’t it?', '10j4cgj'], ['u/Ok_File_9520', 11, '2023-01-23 19:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kqg02/', 'Relentless upward pressure over the last few days inspite of the occasional dumps. I think the price is bound to go higher.', '10j4cgj'], ['u/zberg69420', 10, '2023-01-23 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kqzsk/', 'This bullflag wants to break up and tickle 25', '10j4cgj'], ['u/DEEPFIELDSTAR', 17, '2023-01-23 19:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kr678/', "I don't want a tickle. I want deep penetration and a resulting pregnancy.", '10j4cgj'], ['u/krom1985', 10, '2023-01-23 19:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kszsp/', 'Not just that. Global excess deaths are taking people out of the workforce fast. Many layoffs but many openings. Those who want to work will find it.', '10j4cgj'], ['u/EquitiesFIRE', 12, '2023-01-23 20:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5kzvna/', 'This is our life now', '10j4cgj'], ['u/roadworn', 11, '2023-01-23 20:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5l2shr/', 'It also looks like pumps are getting sold ...', '10j4cgj'], ['u/Cadenca', 11, '2023-01-23 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5laya4/', "It feels like it can really go either way. BRD or BGD. Technically dips being bought and some higher lows zooming out, but 23k doesn't like to hold very long. If the S&P manages to close over 4000 I think we can find the strength", '10j4cgj'], ['u/DEEPFIELDSTAR', 10, '2023-01-23 21:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lek8s/', 'corn go up now', '10j4cgj'], ['u/BootyPoppinPanda', 19, '2023-01-23 22:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lfzjd/', 'Is /u/victorcobra shadow banned here now? He\'s like the only person other than buttcoin LARPers who used to like btc but now hates it and thinks it won\'t work or something. \n\nI saw he posted another long-winded "it could go up a lot but the end-game is always new lows forever Laura" post, but I didn\'t think it was outside the rules...', '10j4cgj'], ['u/setzer', 10, '2023-01-23 22:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lgyqf/', "I think a lot of people have been caught out of position on both BTC and stocks. In particular last month sentiment was pretty bearish on stocks, and recently I've seen a lot of people have been selling the rally due to layoff news etc yet it all keeps going higher.\n\nso this makes me somewhat bullish. Usually these type of rallies go much further than you'd expect.", '10j4cgj'], ['u/BootyPoppinPanda', 19, '2023-01-23 22:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lk92y/', 'Bro you forgot your signature tho. That definitely explains why you were shadow banned. Pull yourself together!!', '10j4cgj'], ['u/_supert_', 11, '2023-01-23 22:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lmrms/', "You're apparently not shadowbanned as we can see your posts.\n\nI always liked your posts.", '10j4cgj'], ['u/Westbrook_Level', 15, '2023-01-23 23:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lpilc/', "you didn't sign this sir, and I am disappointed :)\n\n-Westbrook_Level", '10j4cgj'], ['u/AccidentalArbitrage', 23, '2023-01-23 23:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/j5lqkrs/', "He is not shadowbanned in any way.\n\nHe edited his post to add something about ETH that triggered an automod filter and made automod flag the post for mod review. That's why it did show up, then got removed, because he edited it.\n\nI just approved it manually. Cheers.", '10j4cgj']]], ['u/LifeReboot___', 'An update of my bet on Grayscale GBTC / ETHE discount gap to close, and why I will still buy more.', 25, '2023-01-23 06:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10j4xai/an_update_of_my_bet_on_grayscale_gbtc_ethe/', "I made a [post](https://www.reddit.com/r/CryptoCurrency/comments/ybe1wt/grayscale_gbtc_ethe_is_now_trading_at_35_discount/) in last October talking about the widening discount to NAV of Grayscale GBTC and ETHE trust, and why I think it's a results of overreact from the more traditional investors (investors that doesn't know how to safekeep seed phrases, and get exposure to crypto via traditional broker account.)\n\nSince the post I've made a [few more deposits](https://www.reddit.com/r/CryptoCurrency/comments/z00no4/just_made_another_deposit_to_dca_on_ethe_at_45/) into my brokerage account and try to build a larger position on this bet. So I decided to give an update on my bet, and what do I plan to do next and why.\n\n&#x200B;\n\n[The average discount to NAV rate is -35.83&#37; for my entire position](https://preview.redd.it/9p8nra3g6qda1.png?width=1665&format=png&auto=webp&v=enabled&s=cf724f3790a2c5f1f201b78af64f200c22df66be)\n\n&#x200B;\n\n[The average price of my share is $8.37](https://preview.redd.it/sd12l9az6qda1.png?width=1633&format=png&auto=webp&v=enabled&s=c66b334235f537ac149d7163e35ed84199455fc0)\n\nNow from my calculation it seems like if I would just buy ETH instead of ETHE I would be up 25.57% in terms of FIAT value, but buying ETHE I'm only up 1.94%, which if compare to buy and hold ETH it's a negative return of -18.56%.\n\nThis is obvious as my position were bought at around -35.83% discount to NAV on ETHE, and right now the discount to NAV is -46.94%, but luckily this entire position was still relatively small compared to my ETH staked in validators.\n\n# What I plan to do next\n\nSo I'm actually excited that Shanghai update is around the corner, and my plan now is literally convert another 20\\~30% of my withdrawn staked ETH and buy ETHE with it, hopefully during that time the discount is still at current level or lower, so I can average down my position to get discount at around 45\\~50% to NAV.\n\nI get that people would have a tendency to downvote this as most people in this sub are strongly against any crypto derivatives and think most centralized entities are sketchy in one way or another, and I'm totally agree with that, there's a non zero probabilities Grayscale could be fraud, but to me that is highly unlikely.\n\nA few reason why I would still buy:\n\n* I believe the current discount is overblown and overreact from more traditional investors that have only surface idea on crypto so they are more prone to fear and sold their ETHE even at a huge discount, but I believe there's a multiple way we would see a reversal on the discount.\n* I believe as soon as if there's any positive conversation in the court case of Grayscale v SEC we should start seeing the discount gap to close, or market upturn and traditional investor want back in, or even force liquidation from majority of shareholder votes. ([redeemgbtc.com](https://redeemgbtc.com/) are gathering shareholder and I heard they already have \\~30% of GBTC owners)\n* I don't think Grayscale and it's custody Coinbase will lie hand in hands and playing with customer funds, and continually in their quarterly filings, there's just too many parties including people in gov bodies needed to coordinate together to pull this kind of fraud, and many of these people are already well off which mean even less incentive for them to do this. These are all SEC reporting company with audits from randomly chosen 3rd party auditors, they are not SBF level company.\n* The discount are just too attractive, at the current discount of \\~46%, it's basically as if you're buying ETH at $950\\~1050, even with the 2% management fees you have a long time for this to play out.\n* I have too much in staked ETH in validators, and if anything happen to me my family doesn't have the knowledge to know how to get them out from my validators, how to not get scam, how to secure seed phrases, and I have no secure way to give them my seed phrase (no i dont want to give it to them right now, because they are someone that save their password in contact book, or take a photo of their written password and sync it to cloud.) **This is one major reason I chose to convert some crypto exposure into a proxy like trust that I have emergency setup with my broker.**\n\n# Can I lose everything on this bet\n\nAs I said there is always a possibilities, but I personally think it's highly unlikely, and I also did not just put everything into it as well, so the risk and the reward match my tolerance.\n\nIt also seems like some people in this sub is also playing this bet right now, for example [this guy put 600k into ethe](https://www.reddit.com/r/CryptoCurrency/comments/z7owok/i_bought_100k_shares_of_grayscale_ethe_as_the_45/), and cathie wood has been buying GBTC continuously, which I assume is to lower their average discount to NAV of their position too.\n\nWhat do you think about this bet?\n\n(Again, everyone here can disagree or agree with my bet, as the risk tolerance is always differ for everyone)", 'https://www.reddit.com/r/CryptoCurrency/comments/10j4xai/an_update_of_my_bet_on_grayscale_gbtc_ethe/', '10j4xai', [['u/Primary_Technical', 15, '2023-01-23 06:36', 'https://www.reddit.com/r/CryptoCurrency/comments/10j4xai/an_update_of_my_bet_on_grayscale_gbtc_ethe/j5ifww8/', 'From what i read , you have really calculated your move through and when someone believes and understands what he is doing , he is a dangerous man .\n\n\nBest of luck', '10j4xai']]], ['u/rBitcoinMod', 'Daily Discussion, January 23, 2023', 53, '2023-01-23 07:03', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10icn9c/daily_discussion_january_22_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/', '10j5g8k', [['u/admiralCeres', 10, '2023-01-23 14:27', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/j5jibuj/', 'We will win. It’s inevitable.', '10j5g8k'], ['u/MondayDynamo', 27, '2023-01-23 18:53', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/j5kl32u/', "Once I realized that bitcoin is not an investment and price doesn't matter the whole paradigm shifted. Now I'm just trying to gather up as much future money as I can for my descendants.", '10j5g8k'], ['u/uranium2019', 15, '2023-01-23 19:56', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/j5kv9o4/', "It's coincidental today is the 23rd day of the month, the year is 2023 and BTC is @ 23000+- 100 .", '10j5g8k'], ['u/HurricaneHarvey7', 15, '2023-01-23 21:02', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/j5l5q49/', 'Good thing Bitcoin is up 50% then', '10j5g8k'], ['u/HurricaneHarvey7', 12, '2023-01-23 21:13', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/j5l7g26/', "Most shitcoins WILL be designated as securities and delisted from major exchanges, it's going to happen *soon*. Even the CEO of Coinbase removed shitcoins from his twitter page today.\n\nI'm just some random dude and years ago I expected this scenario happening with securities. The only explanation is that Brian Armstrong knew as well and used this period of regulatory uncertainty to profit from unregistered securities. He's a con artist now pretending to be a Bitcoiner.", '10j5g8k'], ['u/hob_goblin8', 13, '2023-01-23 21:44', 'https://www.reddit.com/r/Bitcoin/comments/10j5g8k/daily_discussion_january_23_2023/j5lciff/', 'coincidence without irony', '10j5g8k']]], ['u/FJPW4404', 'Am I delusional?', 31, '2023-01-23 08:25', 'https://www.reddit.com/r/CelsiusNetwork/comments/10j6qmm/am_i_delusional/', 'Can someone tell me there’s a chance that I’ll get back the BTC that I locked up as collateral and/or the BTC that’s sitting in the exchange? I have more than 1BTC in Celsius and while that might not be much it was 6 years of acquiring, all because I wanted to borrow a little money. I need major therapy to get over this. \n\nAnyway is there any chance I’ll get any of it back? The BTC that is locked in collateral would require me to pay back $7000 USD which I don’t have anymore. :/ \n\nI wake up everyday with a pit in my stomach and can’t sleep.', 'https://www.reddit.com/r/CelsiusNetwork/comments/10j6qmm/am_i_delusional/', '10j6qmm', [['u/RedditAccountPloxxx', 56, '2023-01-23 09:20', 'https://www.reddit.com/r/CelsiusNetwork/comments/10j6qmm/am_i_delusional/j5ith1t/', "I'll share a comment I already posted in another post:\n\nThis guy on twitter called Ruppi Macho calculated potential customer recovery and it isn't too terrible. His estimate currently seems to be around 68 %.\n\nhttps://twitter.com/realrephy/status/1572244340864319488?t=0AbSNvWzFz-aQedxyK0q-w&s=19\n\nSome lower estimates I have seen floating around have been around 50-55 % minimum because they still have that amount of digital assets and anything over that will be from other asset/investment sales. The court WILL NOT let them drain everything. \n\nYOU WILL GET FUNDS BACK. All is not lost. If someone tells you otherwise they are lying and trying to kick someone who is already down because they get some kind of sick enjoyment out of it. Twitter for an example is full of trolls who will say absolutely anything just to be hurtful.\n\nLet's stay hopeful and lets hang in there, resolution is coming. 🙏", '10j6qmm'], ['u/rjm101', 10, '2023-01-23 10:02', 'https://www.reddit.com/r/CelsiusNetwork/comments/10j6qmm/am_i_delusional/j5iwi22/', "I'm real skeptical of 68%, it was posted in September as well. Hopefully he'll give us a more recent update to see if any expenses have had a big change or not.", '10j6qmm'], ['u/HiddenbtsCamera', 13, '2023-01-23 13:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/10j6qmm/am_i_delusional/j5jb2co/', 'Latest figures via the court show they only have around 38% of the btc left. (I’m in a similar situation to OP)\n\n60% plus snap my hand of \n50% I’ll still snap \n30-40% looks more likely atm\n\nAnd let us never ever forget that Alex the snake is a fing arsehole.', '10j6qmm']]], ['u/rote_it', 'Wealth generation strategy for 2023', 10, '2023-01-23 08:46', 'https://www.reddit.com/r/AusHENRY/comments/10j71og/wealth_generation_strategy_for_2023/', 'What is your strategy and what assets are you looking to buy/sell as part of it? Where do you see value in the various markets this year?\n\nPersonally I like Bitcoin at the moment (medium term buy and hold) and some regional real estate is starting to look like reasonable value (again medium term). I also like some of the Asia focused ETFs.', 'https://www.reddit.com/r/AusHENRY/comments/10j71og/wealth_generation_strategy_for_2023/', '10j71og', [['u/rote_it', 12, '2023-01-23 08:48', 'https://www.reddit.com/r/AusHENRY/comments/10j71og/wealth_generation_strategy_for_2023/j5ir21u/', 'P.S. thanks for creating the sub, awesome concept. Looking forward to sharing knowledge and growth strategies.', '10j71og'], ['u/OlderAndWiserThanYou', 14, '2023-01-23 09:56', 'https://www.reddit.com/r/AusHENRY/comments/10j71og/wealth_generation_strategy_for_2023/j5iw26d/', '> Thanks, what is the reason for liquidating crypto?\n\nI\'ve been in it for some time now and I believe we may be at a point where the all the smoke and mirrors come crashing down to reveal something that\'s basically worthless in real terms. The idea of a currency that is independent of governments or a central authority is nice (international remittance is where I would have found it very useful). However, in practice the entire crypto landscape has been utterly exploited by shysters and scammers to pump up prices, whilst utility and general adoption has gone no-where fast. My biggest concern (and it has been one for some time) is what happens when Tether eventually falls over? It\'s been "going to fail" for a long time now; with everything else going on in the space I think it\'s time might be close. I don\'t want to be a bag holder when that happens (if it happens), so I\'m looking for alternative investment options (and if I miss out on an epic bull-run, I won\'t be salty; I did well enough from it overall).\n\n> Any particular high yield stocks you are considering?\n\nI have some VHY at the moment and am partial to large resource companies (particularly miners), but this is a shorter-term thing, until some stability and predictability return to the market. I\'m concerned about the amount of US debt, and don\'t really want to be too deep into in US equities until that cloud clears. I could be completely wrong to consider it as a risk, but it just doesn\'t feel like a good situation.\n\nFor some context, I\'m looking to retire in 2-3 years (currently in my late 40\'s) so I want to make some extra money if I can, but also don\'t want to have my portfolio shit the bed either, so my risk tolerance is reduced compared to if I had a longer horizon to work with.', '10j71og']]], ['u/divi_tiae', 'Why Bitcoin will inevitably succeed.', 273, '2023-01-23 09:37', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/', 'First off, I want to preface this by saying I don’t know absolute shit about fuck. But I wanted to express my thoughts based on my experiences and what I see going on around me. Maybe I’m biased because of my environment, but this is an opinion of many people around me.\n\nEarly 30’s, Canadian, middle/upper class, double income.\n\nFor those of you who aren’t Canadian and aren’t aware of what’s going on in this particular country, we have a severe housing crisis and inflation problem (we are seeing bad food inflation). If you were born pretty much anytime after the late 1980’s, you’ve been priced out of ever owning a home in areas where jobs pay a half decent wage. Sure, we have provinces where it reaches -60 in the winters and homes used to be somewhat affordable, but those days have slowly been disappearing. We are seeing housing inflation happening there too. \n\nThe only way to afford a house anymore is to receive help from family (ie. generational wealth) or to be double income (both partners making at least 100k + per year) with no kids. \n\nI know owning a home isn’t the end all be all, but you need to understand the lack of security that comes from being a perpetual renter here. Our tenant laws are brutal, tenants can be displaced at virtually anytime with little to no recourse and rents are ridiculously high. This lack of security prevents a lot of renters (especially in the millennial cohort and younger) from having children. Homelessness is a death sentence here with how cold our winters get. Older people do not care because they have enjoyed the price appreciation of their homes and feel like geniuses for buying in the first place, not realizing it’s the currency that’s been devalued and robbed their children’s futures. They constantly tell young people that “it’s far worse in other places around the world you should be grateful”.\n\nMoreover, if you are double income and can afford a house, you can’t afford children because childcare is ridiculously expensive. Unless of course you are lucky enough to have family nearby that can help. \n\nI try my best not to be biased and view the world through as many lenses as possible, but it seems like almost all young people I talk to feel hopeless about their futures, and have come to the sobering realization they may never have children. Not that they can’t, but why would they bring a life into this world when their future prospects seem so bleak? Renters are typically forced to move every couple of years. \n\nOn top of this, we are seeing our food prices skyrocket. The bank of Canada and our government are playing tug of war, BOC tells us interest rates will continue to rise until we see unemployment increase, while our government simultaneously tells us they will continue importing hundreds of thousands of people every year to fill the lower level jobs that do not pay a livable wage and keep demand for housing rentals high. It’s absolute madness. \n\nWhen you start to question why all of this is happening, it brings you down the fiat rabbit hole. I’m sure many of you are here because you went down this same rabbit hole, and anyone who begins to research money will inevitably be lead to Bitcoin. I was never into Bitcoin in the early days, the last bull market it’s all I heard about but I never became interested (I was too caught up in the real estate frenzy); however, after seeing the devastation that inflation has caused I really began self educating and stumbled across Bitcoin technology. \n\nIt’s revolutionary. \n\nI am not the most teksavvy person but when you begin to question “why?” For the things happening around you, and then you look at the fundamentals behind Bitcoin - it’s absolutely brilliant. The hardest form of money ever created- I’ve never had so much conviction for an asset in my life. I can’t say whether it will end up succeeding, but it becomes more obvious as things become worse throughout societies that people will become desperate enough to seek alternative ways to store wealth. Seeing Bitcoin rally in this bear market when every other asset is getting destroyed will bring more and more attention to the space. Mainstream media is constantly trying to tie Bitcoin in with “scams” or illegal activity - but that will not stop it. \n\nOlder people are hopeless for now in my opinion when it comes to adoption, they are far too comfortable to even consider learning about the technology. But younger people, they won’t have a choice. \n\nI don’t know how long it will take, but I can’t foresee things improving in our economies in the near term. As more time passes, I truly believe greater urgency to not be left behind will open many people’s eyes to what Bitcoin truly is and the solutions it offers in a system that fails so many. \n\nJust my 2 sats (cents)', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/', '10j7rwp', [['u/solomonsatoshi', 13, '2023-01-23 09:57', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5iw4sv/', 'Well said and from here in NZ it is not much different.\n\nJust understand that the banks own our governments and they are parasites with no qualms about extracting maximum wealth and power from the citizens and governments they have enslaved.\n\nBitcoin does offer an alternative potential future if enough people choose to adopt and abandon the fiat debt slavery cartel that is undermining our societies, democracies and economies.', '10j7rwp'], ['u/solomonsatoshi', 27, '2023-01-23 10:04', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5iwmiw/', 'Canada, New Zealand, Australia, Europe, Japan and others are monetarily and militarily subservient tribute states to the USD fiat debt slavery cartels monetary hegemony.\n\nUS based entities fund the tribute state domiciled banks that provide the mortgage debt funding to citizens, and they extract the rent from the global fiat debt monetary system.\n\nThe FED sets the price of fiat money/debt, lowering it to entice new debt slaves and artificially inflate asset prices, then raising the rent and harvesting a massive haul of debt tributes.\n\nBitcoin could potentially fix this, if enough people choose to be free.', '10j7rwp'], ['u/armantheparman', 72, '2023-01-23 10:22', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5ixupt/', 'You clearly know some shit about fuck', '10j7rwp'], ['u/Naamgebruiker', 45, '2023-01-23 11:22', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5j1zwy/', ' We have the same situation in the Netherlands. Bitcoin is my only belief ✌️', '10j7rwp'], ['u/theninthtalisman', 22, '2023-01-23 11:48', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5j3v5m/', 'This resonated here in japan too. \nAll the best with stacking and hodling.\nMaybe we’ll all ditch our countries for more sound places like El Salvador', '10j7rwp'], ['u/KAX1107', 11, '2023-01-23 12:39', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5j7s5m/', "It's not inevitable\n\nIt's in [your hands](https://np.reddit.com/r/Bitcoin/comments/zturtd/think_bitcoin_is_inevitable_think_again/)", '10j7rwp'], ['u/harleybqrazy', 14, '2023-01-23 13:26', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5jby18/', "Born 1983, also Canadian and very much priced out of owning a house. I grew up living in houses so it's a hard pill to swallow, knowing I most likely won't live in one again.", '10j7rwp'], ['u/omg-whats-this', 100, '2023-01-23 13:29', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5jc8lb/', "TLDR from ChatGPT\n\nThe article argues that Bitcoin will inevitably succeed because of the housing and inflation crisis in Canada and the lack of security and opportunities for young people. The author, a Canadian in their early 30s from a middle/upper class background, states that the only way to afford a house in Canada is to have help from family or to have a double income with no children. They also mention that the high cost of childcare and the increasing food prices make it difficult for young people to have children and feel hopeful about their future. The author believes that Bitcoin's technology is revolutionary and the hardest form of money ever created, and as things become worse in society, people will become desperate enough to seek alternative ways to store wealth, such as Bitcoin.", '10j7rwp'], ['u/Analog_AI', 14, '2023-01-23 13:52', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5jeir7/', 'As at December 2022 there were 219 million bitcoin owners. And it’s growing at 20% per year. At this rate there will be 2.343 billion bitcoiners by end of 2035. \nMass adoption can happen in the next 10-15 years. \nAnd by that I mean a majority of the people between 15-75 years of age.', '10j7rwp'], ['u/littleday', 21, '2023-01-23 14:11', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5jghxl/', 'Australia’s up shit creek without a paddle', '10j7rwp'], ['u/ScamJustice', 13, '2023-01-23 15:09', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5jnbsy/', 'Michael Saylor\'s view on Bitcoin is bullish, basically, he says it is a better asset than any other because of its fixed supply, portability, divisibility and liquidity. So it will continue to gain users and expand the network and its value. As he puts it, Bitcoin is "Apex Property."', '10j7rwp'], ['u/haha_supadupa', 55, '2023-01-23 15:44', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5js0jt/', 'TLDR from TLDR: Bitcoin will succeed', '10j7rwp'], ['u/timbulance', 26, '2023-01-23 17:16', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5k5kq7/', 'TLDR from Satoshi: Tick tock next block', '10j7rwp'], ['u/blaszczakm', 12, '2023-01-23 19:51', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5kue4x/', 'We have the same situation in Poland.', '10j7rwp'], ['u/void_evilness', 10, '2023-01-23 19:53', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5kunr0/', 'TLDR: Bitcoin has to succeed because unless it makes me rich I can’t afford anything and will be miserable', '10j7rwp'], ['u/RonPaulWasR1ght', 10, '2023-01-23 20:44', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5l2wca/', "It's the same everywhere, my man. It's like that here in south Mississippi (USA), where they are putting in intersection cameras to auto-ticket people for things like expired tags and no insurance. The Orwellian state and it's financial repression are real and we need to find ways to resist it. Bitcoin provides a peaceful means of resistance which is effective and works well. Spread the word and stack!", '10j7rwp'], ['u/free-speech-1', 14, '2023-01-23 21:10', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5l6z03/', 'My dear fellow Canadian: I hear you loud & clear. Accurate post. I\'m a boomer who, fortunately, discovered & read the Bitcoin white paper in 2013. Lept onboard when I realised I didn\'t know shit about fuck and was wrong about Bitcoin.(I had dismissed it out of hand in 09; silly me..)\n\nIf I want grandchildren, and I do, I will have to help both my grown children. Canada is such a gorgeous place to live, but the money/tax system here is cruel to the young. The country is being systematically asset stripped & dismembered. Inflation, immigration, housing "Plan B" piggy bank for rich foreigners. Even the immigrants are starting to realise all is not well in Canada currently. \n\nBreaks my heart because I love the country of my birth. And yes, bitcoin is inevitable. How else to preserve wealth if you\'re not wealthy already?', '10j7rwp'], ['u/beaker38', 11, '2023-01-23 23:33', 'https://www.reddit.com/r/Bitcoin/comments/10j7rwp/why_bitcoin_will_inevitably_succeed/j5ltphi/', 'All of the comments in this thread echoing the same sentiment from around the world- I don’t think this globall...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision toreopen its economy, thus presenting possible opportunities in cheap Chinese stocks to buy. For the longest time, Beijing imposed a strict zero-Covid policy, which arguably helped control the spread of SARS-CoV-2. At the same time, however, the measure risked ruining the world’s second-largest economy.\nMoving forward, financial experts insist that investors tread carefully. Although the return of free commerce may be a welcome sight, itcould spark inflation. Indeed, the U.S. set the precedent. Although policymakers agreed to distribute stimulus checks, inflation didn’t become onerous untilmoney velocityaccelerated in 2022.\nIt’s possible, then, that a similar situation can materialize in China. Therefore, it’s important to consider viable andcheapChinese stocks to buy. Below are the top names to consider.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"VIPS": "NOAH", "Vipshop": "Noah Holdings", "$14.86": "$17.63"}, {"VIPS": "NTES", "Vipshop": "NetEase", "$14.86": "$90.28"}, {"VIPS": "ATHM", "Vipshop": "Autohome", "$14.86": "$36.77"}, {"VIPS": "MOMO", "Vipshop": "Hello Group", "$14.86": "$10.28"}, {"VIPS": "DQ", "Vipshop": "Daqo New Energy", "$14.86": "$47.91"}, {"VIPS": "FINV", "Vipshop": "FinVolution", "$14.86": "$5.40"}]\nSource: Shutterstock\nOperating the e-commerce website VIP.com,Vipshop(NYSE:VIPS) specializes in online discount sales. Therefore, the company combines two elements which China’s consumers likely seek right now: products to buy and great prices to go alongside them. Indeed, investors recognize the long-term opportunity, with VIPS gaining a remarkable 73% in the trailing year.\nGranted, with such a stratospheric performance, many prospective investors may be worried about holding the bag. However, VIPS represents one of the cheap Chinese stocks to buy on an objective basis. Currently, the market prices shares at12.1-times trailing earnings, below the sector median of 15.8 times. Moreover, VIPS trades hands at 8.5-times forward earnings, well below the sector median of 15.3 times.\nJust as well, Wall Street analysts appreciate Vipshop, assigning VIPS aconsensus moderate buy view. Along with strong stability in the balance sheet and a profitable business, VIPS still ranks among the cheap Chinese stocks to buy despite its recent upside.\nSource: My Life Graphic / Shutterstock.com\nFrom a narrative standpoint,Noah Holdings(NYSE:NOAH) may represent the riskiest name among cheap Chinese stocks to buy. I just want to be upfront about this before wasting anyone’s time.Per its website, Noah is a leading wealth and asset management service provider in China with a focus on high net worth individuals.\nOrdinarily, this would be a great business in a bull market – something that we saw post-spring 2020 doldrums. However, in a bear market, circumstances don’t exactly favor the wealth management industry. Nevertheless, Noah hires some of the best analysts and advisors in the business. If anyone’s going to guide Chinese investors, it would be an enterprise like Noah.\nGranted, this storyline alone might not be enough to convince investors to take a shot. That said, the market prices NOAH at ahair over 8-times trailing earnings. This slips below the sector median of 11.5 times. Thus, from an objective view, NOAH is one of the cheap Chinese stocks to buy.\nSource: Shutterstock\nAn Internet technology firm,NetEase(NASDAQ:NTES) develops and operates online PC and mobile games, advertising services, email services and e-commerce platforms. As China’s economy reopens and as the commercial bloodline flows freely again, NetEase should enjoy a relevancy boost. In particular, the company’s video game segment may be a hit, drawing attention as one of the cheap Chinese stocks to buy.\nAccording toReuters, “China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year…” One of the beneficiaries of thereduced draconian measurescould be NetEase. Although NTES gave up 6.5% of equity value in the trailing year, shares stormed back in the year so far. Since the January opener, NTES gained 16.5%.\nDespite the recent rise, Gurufocus.com labels NTES asmodestly undervalued. On an objective basis, NetEase’s price-to-discounted cash flow (DCF) on an earnings basis is 0.67 times. In contrast, the sector median stands at 1.41 times. Therefore, it’s a worthwhile candidate for cheap Chinese stocks to buy.\nSource: lumen-digital / Shutterstock.com\nOn surface level,Autohome(NYSE:ATHM) wouldn’t seem to qualify as one of the cheap Chinese stocks to buy. Billed as the leading online destination for automobile consumers in China, Autohome provides extensive auto-related information listing services, helping prospective car buyers make the right decision. Of course, the problem is that with various challenges in the global economy, now might not be a good time to buy a car, in China or anywhere else.\nWhile Autohome presents understandable concerns, it’s also important to recognize mechanical realities. As theWall Street Journalpointed out back home, the average age of vehicles on U.S. roadways reached a record 12.2 years. Therefore, when vehicles break down, they might need to be replaced. A similar circumstance may impact China’s automotive market.\nTo state differently, it may be the car, not the consumer that dictates the purchasing decision. Notably, Autohome features zero debt on its books. Moreover, it’s a highly profitable enterprise. Therefore, the company’sforward multiple of 13 is attractive, considering the sector median of 17.1 times.\nSource: Dean Drobot/Shutterstock.com\nFrom a longer-term perspective, social connection platformHello Group(NASDAQ:MOMO) presents a risky profile. In the trailing five years, MOMO stock dropped 66% of equity value. And in the trailing year, shares looked like they were about to implode. However, a recent resurgence brought some interest back in the underlying company. In fact, in the past half-year period, MOMO gained nearly 129%.\nAs China reopens, Hello Group may benefit from an obvious social catalyst: the need for humans to connect with each other. According to a Pew Research Center report, during the Covid-19 pandemic, four-in-ten U.S. adultssuffered from loneliness(and its consequences). Before you say that this report covers the U.S., I highly doubt that the Chinese are exempt.\nHumans are humans. We need each other and this sentiment cuts across all national and cultural barriers.\xa0Bolstering the bull case for MOMO, shares enjoy an objectively undervalued profile. Currently, the market prices MOMO at aforward multiple of 7.2. This ranks well below the sector median of 17 times. Thus, it’s one of the cheap Chinese stocks to buy.\nSource: Fit Ztudio / Shutterstock\nOn paper,Daqo New Energy(NYSE:DQ) represents one of the riskiest names among cheap Chinese stocks to buy. Sure, the company commands incredible relevancies. As a manufacturer of monocrystalline silicon and polysilicon – primarily for use in solar photovoltaic systems – Daqo should enjoy a large total addressable market. However, it also seems as if therenewable energy narrativeran out of steam.\nIn other words, with so many investors piling into the obvious trade back last year (fueled by geopolitical rumblings), many find themselves leery about holding the bag. Hence, several solar-related enterprises suffered a pullback. It’s possible that market participants may be feeling the same about Daqo. In the trailing year, DQ gained almost 22%. Notably, Gurufocus.com warns that DQ may be apossible value trap.\nAt the same time, analysts rate DQ as amoderate buy. Further, their average price target implies over 38% upside potential. Even better, Daqo features a forward multiple of 2.45, well below the sector median of 18.6 times. Thus, for risk takers, DQ may be one of the cheap Chinese stocks to buy.\nSource: Wright Studio / Shutterstock.com\nAlthough the financial technology (fintech) segment commands potentially extraordinary relevance, it’s also produced its fair share of stinkers. From a long-term perspective, it’s difficult to ignore the red ink inFinVolution(NYSE:FINV). Billed as a leading fintech platform in China connecting underserved borrowers with financial institutions, FinVolution offers a compelling narrative. Unfortunately, its lifetime return of 59% below parity raises doubts.\nStill, if you’re willing to overlook present challenges, FinVolution could be intriguing amid China’s reopening. With commercial activity poised to return to normal volumes, the company may enjoy a burst of relevance. Further, FINV benefits from strong market momentum. In the trailing year, it gained nearly 29%. And since the January opener, it popped up over 6%.\nAs it relates to cheap Chinese stocks to buy, Wall Street prices FINV at just under 4-times forward earnings. In contrast, the sector median stands at 7.73 times. Just as well, FinVolution features a strong cash-to-debt ratio and an excellent long-term growth trend. Plus, it commands a return on equity of 21.6%, signifying extremely high business quality.\nOn the date of publication, Josh Enomotodid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\nThe post7 Cheap Chinese Stocks to Buy Before the Reboundappeared first onInvestorPlace.', 'Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision to reopen its economy , thus presenting possible opportunities in cheap Chinese stocks to buy. For the longest time, Beijing imposed a strict zero-Covid policy, which arguably helped control the spread of SARS-CoV-2. At the same time, however, the measure risked ruining the world’s second-largest economy. Moving forward, financial experts insist that investors tread carefully. Although the return of free commerce may be a welcome sight, it could spark inflation . Indeed, the U.S. set the precedent. Although policymakers agreed to distribute stimulus checks, inflation didn’t become onerous until money velocity accelerated in 2022. It’s possible, then, that a similar situation can materialize in China. Therefore, it’s important to consider viable and cheap Chinese stocks to buy. Below are the top names to consider. InvestorPlace - Stock Market News, Stock Advice & Trading Tips VIPS Vipshop $14.86 NOAH Noah Holdings $17.63 NTES NetEase $90.28 ATHM Autohome $36.77 MOMO Hello Group $10.28 DQ Daqo New Energy $47.91 FINV FinVolution $5.40 Vipshop (VIPS) keyboard with the enter key replaced with "ecommerce" and colored like the chinese flag Source: Shutterstock Operating the e-commerce website VIP.com, Vipshop (NYSE: VIPS ) specializes in online discount sales. Therefore, the company combines two elements which China’s consumers likely seek right now: products to buy and great prices to go alongside them. Indeed, investors recognize the long-term opportunity, with VIPS gaining a remarkable 73% in the trailing year. Granted, with such a stratospheric performance, many prospective investors may be worried about holding the bag. However, VIPS represents one of the cheap Chinese stocks to buy on an objective basis. Currently, the market prices shares at 12.1-times trailing earnings , below the sector median of 15.8 times. Moreover, VIPS trades hands at 8.5-times forward earnings, well below the sector median of 15.3 times. Story continues Just as well, Wall Street analysts appreciate Vipshop, assigning VIPS a consensus moderate buy view . Along with strong stability in the balance sheet and a profitable business, VIPS still ranks among the cheap Chinese stocks to buy despite its recent upside. Noah Holdings (NOAH) Flag of China. Downtrend stock data diagram, Chinese Stocks down Source: My Life Graphic / Shutterstock.com From a narrative standpoint, Noah Holdings (NYSE: NOAH ) may represent the riskiest name among cheap Chinese stocks to buy. I just want to be upfront about this before wasting anyone’s time. Per its website , Noah is a leading wealth and asset management service provider in China with a focus on high net worth individuals. Ordinarily, this would be a great business in a bull market – something that we saw post-spring 2020 doldrums. However, in a bear market, circumstances don’t exactly favor the wealth management industry. Nevertheless, Noah hires some of the best analysts and advisors in the business. If anyone’s going to guide Chinese investors, it would be an enterprise like Noah. Granted, this storyline alone might not be enough to convince investors to take a shot. That said, the market prices NOAH at a hair over 8-times trailing earnings . This slips below the sector median of 11.5 times. Thus, from an objective view, NOAH is one of the cheap Chinese stocks to buy. NetEase (NTES) a visualization of Internet communications superimposed on a photo of a city skyline Source: Shutterstock An Internet technology firm, NetEase (NASDAQ: NTES ) develops and operates online PC and mobile games, advertising services, email services and e-commerce platforms. As China’s economy reopens and as the commercial bloodline flows freely again, NetEase should enjoy a relevancy boost. In particular, the company’s video game segment may be a hit, drawing attention as one of the cheap Chinese stocks to buy. According to Reuters , “China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year…” One of the beneficiaries of the reduced draconian measures could be NetEase. Although NTES gave up 6.5% of equity value in the trailing year, shares stormed back in the year so far. Since the January opener, NTES gained 16.5%. Despite the recent rise, Gurufocus.com labels NTES as modestly undervalued . On an objective basis, NetEase’s price-to-discounted cash flow (DCF) on an earnings basis is 0.67 times. In contrast, the sector median stands at 1.41 times. Therefore, it’s a worthwhile candidate for cheap Chinese stocks to buy. Autohome (ATHM) An angled side view of a row of parked cars. Source: lumen-digital / Shutterstock.com On surface level, Autohome (NYSE: ATHM ) wouldn’t seem to qualify as one of the cheap Chinese stocks to buy. Billed as the leading online destination for automobile consumers in China, Autohome provides extensive auto-related information listing services, helping prospective car buyers make the right decision. Of course, the problem is that with various challenges in the global economy, now might not be a good time to buy a car, in China or anywhere else. While Autohome presents understandable concerns, it’s also important to recognize mechanical realities. As the Wall Street Journal pointed out back home, the average age of vehicles on U.S. roadways reached a record 12.2 years. Therefore, when vehicles break down, they might need to be replaced. A similar circumstance may impact China’s automotive market. To state differently, it may be the car, not the consumer that dictates the purchasing decision. Notably, Autohome features zero debt on its books. Moreover, it’s a highly profitable enterprise. Therefore, the company’s forward multiple of 13 is attractive , considering the sector median of 17.1 times. Hello Group (MOMO) A person playing mobile games and PC games at the same time. Source: Dean Drobot/Shutterstock.com From a longer-term perspective, social connection platform Hello Group (NASDAQ: MOMO ) presents a risky profile. In the trailing five years, MOMO stock dropped 66% of equity value. And in the trailing year, shares looked like they were about to implode. However, a recent resurgence brought some interest back in the underlying company. In fact, in the past half-year period, MOMO gained nearly 129%. As China reopens, Hello Group may benefit from an obvious social catalyst: the need for humans to connect with each other. According to a Pew Research Center report, during the Covid-19 pandemic, four-in-ten U.S. adults suffered from loneliness (and its consequences). Before you say that this report covers the U.S., I highly doubt that the Chinese are exempt. Humans are humans. We need each other and this sentiment cuts across all national and cultural barriers.\xa0Bolstering the bull case for MOMO, shares enjoy an objectively undervalued profile. Currently, the market prices MOMO at a forward multiple of 7.2 . This ranks well below the sector median of 17 times. Thus, it’s one of the cheap Chinese stocks to buy. Daqo New Energy (DQ) Solar penny stocks: a close up of a solar cell farm Source: Fit Ztudio / Shutterstock On paper, Daqo New Energy (NYSE: DQ ) represents one of the riskiest names among cheap Chinese stocks to buy. Sure, the company commands incredible relevancies. As a manufacturer of monocrystalline silicon and polysilicon – primarily for use in solar photovoltaic systems – Daqo should enjoy a large total addressable market. However, it also seems as if the renewable energy narrative ran out of steam. In other words, with so many investors piling into the obvious trade back last year (fueled by geopolitical rumblings), many find themselves leery about holding the bag. Hence, several solar-related enterprises suffered a pullback. It’s possible that market participants may be feeling the same about Daqo. In the trailing year, DQ gained almost 22%. Notably, Gurufocus.com warns that DQ may be a possible value trap . At the same time, analysts rate DQ as a moderate buy . Further, their average price target implies over 38% upside potential. Even better, Daqo features a forward multiple of 2.45, well below the sector median of 18.6 times. Thus, for risk takers, DQ may be one of the cheap Chinese stocks to buy. FinVolution (FINV) A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Source: Wright Studio / Shutterstock.com Although the financial technology (fintech) segment commands potentially extraordinary relevance, it’s also produced its fair share of stinkers. From a long-term perspective, it’s difficult to ignore the red ink in FinVolution (NYSE: FINV ). Billed as a leading fintech platform in China connecting underserved borrowers with financial institutions, FinVolution offers a compelling narrative. Unfortunately, its lifetime return of 59% below parity raises doubts. Still, if you’re willing to overlook present challenges, FinVolution could be intriguing amid China’s reopening. With commercial activity poised to return to normal volumes, the company may enjoy a burst of relevance. Further, FINV benefits from strong market momentum. In the trailing year, it gained nearly 29%. And since the January opener, it popped up over 6%. As it relates to cheap Chinese stocks to buy, Wall Street prices FINV at just under 4-times forward earnings. In contrast, the sector median stands at 7.73 times. Just as well, FinVolution features a strong cash-to-debt ratio and an excellent long-term growth trend. Plus, it commands a return on equity of 21.6%, signifying extremely high business quality. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The post 7 Cheap Chinese Stocks to Buy Before the Rebound appeared first on InvestorPlace .', 'Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday. Most top 10 non-stablecoin cryptocurrencies were moving in a boxed range of 1%. XRP and Polkadot were the breakout exceptions with both gaining more than 5%.\nSee related article:India’s CoinDCX exchange says crypto tax rules are reducing government revenue\n• Bitcoin traded 0.9% higher at US$22,928 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.2%. Ether dipped less than 0.1% to US$1,627, a rise of 3.2% for the week., according todata from CoinMarketCap.\n• XRP gained 5.9% to trade at US$0.42, a weekly gain of 9.8%, following the addition of a new function to the XRP Ledger network, known asCheckCashMakesTrustLine. There is also growing optimism fromexecutives at Ripple Labs– the company whose payment network is powered by XRP – that the lawsuit filed against Ripple by the U.S. Securities and Exchange Commission (SEC)will be resolved in the first half of this year.\n• The XRP bump also follows theunusual purchase of a non-fungible token(NFT) on the nascent XRPL NFT market. The NFT was created by developer Wietse Wind without images or metadata purely as a test on the network, but was bought regardless.\n• Polkadot jumped 5.9% to US$6.57, a weekly gain of 13.1%, following the successful start of the network’s XCM “cross-consensus messaging” version 3, which reportedly improves cross-chain communication and lays the groundwork for NFTs on the network.\n• The total crypto market capitalization over the 24 hours gained 1.5% to US$1.05 trillion, while trading volume rose 6.6 % to US$56.3 billion.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average gained 0.8%, the S&P 500 Index climbed 1.2% and the Nasdaq Composite Index closed 2% higher as it recorded back-to-back gains of over 2%.\n• The gains in the tech-heavy Nasdaq were helped by strong performances from firms like tech-giant Apple Inc., which gained 2.4% to US$141.11 and chipmaker NVIDIA Inc., which rose 7.6% to US$191.93.\n• Several major earnings reports are expected this week from the likes of Tesla Inc., Microsoft Corp. and Visa Inc.\n• U.S. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000', 'Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday. Most top 10 non-stablecoin cryptocurrencies were moving in a boxed range of 1%. XRP and Polkadot were the breakout exceptions with both gaining more than 5%.\nSee related article:India’s CoinDCX exchange says crypto tax rules are reducing government revenue\n• Bitcoin traded 0.9% higher at US$22,928 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.2%. Ether dipped less than 0.1% to US$1,627, a rise of 3.2% for the week., according todata from CoinMarketCap.\n• XRP gained 5.9% to trade at US$0.42, a weekly gain of 9.8%, following the addition of a new function to the XRP Ledger network, known asCheckCashMakesTrustLine. There is also growing optimism fromexecutives at Ripple Labs– the company whose payment network is powered by XRP – that the lawsuit filed against Ripple by the U.S. Securities and Exchange Commission (SEC)will be resolved in the first half of this year.\n• The XRP bump also follows theunusual purchase of a non-fungible token(NFT) on the nascent XRPL NFT market. The NFT was created by developer Wietse Wind without images or metadata purely as a test on the network, but was bought regardless.\n• Polkadot jumped 5.9% to US$6.57, a weekly gain of 13.1%, following the successful start of the network’s XCM “cross-consensus messaging” version 3, which reportedly improves cross-chain communication and lays the groundwork for NFTs on the network.\n• The total crypto market capitalization over the 24 hours gained 1.5% to US$1.05 trillion, while trading volume rose 6.6 % to US$56.3 billion.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average gained 0.8%, the S&P 500 Index climbed 1.2% and the Nasdaq Composite Index closed 2% higher as it recorded back-to-back gains of over 2%.\n• The gains in the tech-heavy Nasdaq were helped by strong performances from firms like tech-giant Apple Inc., which gained 2.4% to US$141.11 and chipmaker NVIDIA Inc., which rose 7.6% to US$191.93.\n• Several major earnings reports are expected this week from the likes of Tesla Inc., Microsoft Corp. and Visa Inc.\n• U.S. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000', 'Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday. Most top 10 non-stablecoin cryptocurrencies were moving in a boxed range of 1%. XRP and Polkadot were the breakout exceptions with both gaining more than 5%. See related article: India’s CoinDCX exchange says crypto tax rules are reducing government revenue Fast facts Bitcoin traded 0.9% higher at US$22,928 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.2%. Ether dipped less than 0.1% to US$1,627, a rise of 3.2% for the week., according to data from CoinMarketCap . XRP gained 5.9% to trade at US$0.42, a weekly gain of 9.8%, following the addition of a new function to the XRP Ledger network, known as CheckCashMakesTrustLine . There is also growing optimism from executives at Ripple Labs – the company whose payment network is powered by XRP – that the lawsuit filed against Ripple by the U.S. Securities and Exchange Commission (SEC) will be resolved in the first half of this year. The XRP bump also follows the unusual purchase of a non-fungible token (NFT) on the nascent XRPL NFT market. The NFT was created by developer Wietse Wind without images or metadata purely as a test on the network, but was bought regardless. Polkadot jumped 5.9% to US$6.57, a weekly gain of 13.1%, following the successful start of the network’s XCM “cross-consensus messaging” version 3, which reportedly improves cross-chain communication and lays the groundwork for NFTs on the network. The total crypto market capitalization over the 24 hours gained 1.5% to US$1.05 trillion, while trading volume rose 6.6 % to US$56.3 billion. U.S. equities rose on Monday. The Dow Jones Industrial Average gained 0.8%, the S&P 500 Index climbed 1.2% and the Nasdaq Composite Index closed 2% higher as it recorded back-to-back gains of over 2%. The gains in the tech-heavy Nasdaq were helped by strong performances from firms like tech-giant Apple Inc., which gained 2.4% to US$141.11 and chipmaker NVIDIA Inc., which rose 7.6% to US$191.93. Several major earnings reports are expected this week from the likes of Tesla Inc., Microsoft Corp. and Visa Inc. U.S. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment. See related article: Binance says Signature Bank no longer supports crypto exchange transactions of under US$100,000', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds steady near $23K for another day; ether remains above $1,600.\nInsights:The price of ether declines relative to bitcoin.\nCoinDesk Market Index (CMI)\n1,089.14\n+6.5▲0.6%\nBitcoin (BTC)\n$22,968\n+189.4▲0.8%\nEthereum (ETH)\n$1,629\n−10.2▼0.6%\nS&P 500 daily close\n4,019.81\n+47.2▲1.2%\nGold\n$1,934\n+7.2▲0.4%\nTreasury Yield 10 Years\n3.52%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Rises Over $23K and Retreats Again\nBy James Rubin\nBitcoin cracked the lofty height of $23,000 on Monday before retreating just below this threshold in a repeat performance from the weekend that continued to reflect fresh investor optimism.\nThe largest cryptocurrency by market capitalization was recently trading at $22,968, up almost a percentage point over the past 24 hours, BTC has risen more than 35% since the start of the year amid concrete signs that prices are declining without the economy falling into steep recession.\nStill, a number of analysts are unconvinced that the rally will last after a nearly 14-month bear market and a slew of crypto debacles that have shaken the public\'s already fragile faith in the industry.\nIn aweekly commentary, Jeff Dorman, chief investment officer of digital asset investment firm Arca, highlighted bitcoin\'s rebound and "a sharp renaissance" of tokens from "applications and protocols largely left for dead," but also the difficulty in predicting if the current upsurge was "just a bear market rally or if price increases will reflexively spark enough economic activity to justify the price moves."\n"At a micro level, most individual applications and protocols are still near trough levels of users and activity," even if many have risen over 100% in recent weeks," Dorman wrote, adding: "The market is trying to find equilibrium, something between last year’s dead zone and 2021’s euphoria."\nEther also rose then dipped on Monday but continued to trade comfortably over $1,600, about flat from Sunday, same time. Other major cryptos were mixed with AVAX, the token of base layer protocol Avalanche, and XRP, the native crypto of open source public blockchain XRP Ledger, up more than 4% and 5%, respectively, but AXS, the governance token of gaming platform Axie Infinity, dropping more than 12%. AXShad soaredmore than 40% on Sunday. TheCoinDesk Market Index (CMI), a measure of leading cryptos\' market performance, was up slightly.\nEquity indexes closed higher to continue their largely upward trend this year with the tech-focused Nasdaq and S&P 500 jumping 2% and 1.2%, respectively, amid market hopefulness that the U.S. central bank will scale back its next interest rate hike from the 50 and 75 basis point increases (bps) of the past eight months to 25 bps.\nMeanwhile, lawyers for Genesis Global told a federal bankruptcy court in New York City on Monday that they’ve been working with creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months to reach a “consensual resolution” with the embattled company’s creditors. Earlier this month, Genesis Global Holdco – the holding company of Genesis Global Capital – and two of its subsidiaries, Genesis Asia Pacific (GAP) and Genesis Global Capital (GGC),filed for Chapter 11 bankruptcy protection– part of the fallout from crypto exchange FTX\'s collapse. Genesis is a CoinDesk sister company.\nIn his firm\'s commentary, Arca Chief Financial Officer Michael Dershewitz, the head of Arca\'s Risk Committee, wrote that the Chapter 11 filing represented "an endgame" to "a long-running public insolvency."\n"Chapter 11 is a useful process to stay liabilities and negotiate a court-approved restructuring," Dershewitz wrote, adding: "We cannot add much to predict how these negotiations will end, but we are watching at the edge of our seats."\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.9%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22123.8%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}]\nEther-Bitcoin Currency Pair Sinks 8%\nBy Glenn Williams\nEther has been declining relative to bitcoin, despite becoming deflationary again.\nThe ETH/BTC currency pair has declined 8% since Jan. 11 as the price increase in bitcoin has been more pronounced than ether’s.\nThe decrease in the ETH/BTC ratio comes as the supply of ETH has been dropping. ETH’s current supply is currently 2,788 ETH lower than its supply in September 2022.\nThe relative strength index (RSI), for the ETH/BTC pair has since declined to below 40, reaching levels last seen in December.\nA further decline below 30 could provide a compelling opportunity for investors bullish on ETH to add to their positions.\n8:30 a.m. HKT/SGT(00:30 UTC)United Kingdom S&P Global/CIPS Services PMI (Jan)\n8:45 p.m. HKT/SGT(12:45 UTC)New Zealand Consumer Price Index (YoY/Q4)\n11:30 p.m. HKT/SGT(15:30 UTC)Australia Consumer Price Index (QoQ/Q4)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Breaks Above $23K Before Retreating; AXS Skyrockets Ahead of $64 Million Token Unlock\nBitcoin (BTC) topped $23,000 for the first time since August before retreating. This came as play-to-earn giant Axie Infinity\'s AXS cryptocurrency rallied despite the impending unlocking of millions of dollars worth of tokens. Opimas LLC CEO and founder Octavio Marenzi weighed in. Compound Labs Founder Robert Leshner and Bitwise Asset Management General Counsel Katherine Dowling also joined the conversation.\nBitcoin Miner Argo Blockchain\'s Shares Climb After Regaining Nasdaq Listing:The miner could return to the Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days.\nMakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance:The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.\nCrypto Exchange Gemini Cutting Another 10% of Staff, Report:Gemini has been swept up in the problems of crypto lender Genesis Global Capital, with which it partnered on an interest-earning product.\nEthereum\'s Buterin Proposes \'Stealth Addresses\' to Enhance Privacy Protections:In a new blog, Ethereum co-founder Vitalik Buterin outlines a stealth address system that can help overcome the blockchain’s lack of privacy protections.\nNFT Collection Doodles Acquires Emmy-Nominated Animation Studio:The deal for Golden Wolf brings the project\'s founder, Ingi Erlingsson, into Doodles\' fold.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin holds steady near $23K for another day; ether remains above $1,600.\nInsights:The price of ether declines relative to bitcoin.\nCoinDesk Market Index (CMI)\n1,089.14\n+6.5▲0.6%\nBitcoin (BTC)\n$22,968\n+189.4▲0.8%\nEthereum (ETH)\n$1,629\n−10.2▼0.6%\nS&P 500 daily close\n4,019.81\n+47.2▲1.2%\nGold\n$1,934\n+7.2▲0.4%\nTreasury Yield 10 Years\n3.52%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Rises Over $23K and Retreats Again\nBy James Rubin\nBitcoin cracked the lofty height of $23,000 on Monday before retreating just below this threshold in a repeat performance from the weekend that continued to reflect fresh investor optimism.\nThe largest cryptocurrency by market capitalization was recently trading at $22,968, up almost a percentage point over the past 24 hours, BTC has risen more than 35% since the start of the year amid concrete signs that prices are declining without the economy falling into steep recession.\nStill, a number of analysts are unconvinced that the rally will last after a nearly 14-month bear market and a slew of crypto debacles that have shaken the public\'s already fragile faith in the industry.\nIn aweekly commentary, Jeff Dorman, chief investment officer of digital asset investment firm Arca, highlighted bitcoin\'s rebound and "a sharp renaissance" of tokens from "applications and protocols largely left for dead," but also the difficulty in predicting if the current upsurge was "just a bear market rally or if price increases will reflexively spark enough economic activity to justify the price moves."\n"At a micro level, most individual applications and protocols are still near trough levels of users and activity," even if many have risen over 100% in recent weeks," Dorman wrote, adding: "The market is trying to find equilibrium, something between last year’s dead zone and 2021’s euphoria."\nEther also rose then dipped on Monday but continued to trade comfortably over $1,600, about flat from Sunday, same time. Other major cryptos were mixed with AVAX, the token of base layer protocol Avalanche, and XRP, the native crypto of open source public blockchain XRP Ledger, up more than 4% and 5%, respectively, but AXS, the governance token of gaming platform Axie Infinity, dropping more than 12%. AXShad soaredmore than 40% on Sunday. TheCoinDesk Market Index (CMI), a measure of leading cryptos\' market performance, was up slightly.\nEquity indexes closed higher to continue their largely upward trend this year with the tech-focused Nasdaq and S&P 500 jumping 2% and 1.2%, respectively, amid market hopefulness that the U.S. central bank will scale back its next interest rate hike from the 50 and 75 basis point increases (bps) of the past eight months to 25 bps.\nMeanwhile, lawyers for Genesis Global told a federal bankruptcy court in New York City on Monday that they’ve been working with creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months to reach a “consensual resolution” with the embattled company’s creditors. Earlier this month, Genesis Global Holdco – the holding company of Genesis Global Capital – and two of its subsidiaries, Genesis Asia Pacific (GAP) and Genesis Global Capital (GGC),filed for Chapter 11 bankruptcy protection– part of the fallout from crypto exchange FTX\'s collapse. Genesis is a CoinDesk sister company.\nIn his firm\'s commentary, Arca Chief Financial Officer Michael Dershewitz, the head of Arca\'s Risk Committee, wrote that the Chapter 11 filing represented "an endgame" to "a long-running public insolvency."\n"Chapter 11 is a useful process to stay liabilities and negotiate a court-approved restructuring," Dershewitz wrote, adding: "We cannot add much to predict how these negotiations will end, but we are watching at the edge of our seats."\n[{"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.9%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22123.8%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}]\nEther-Bitcoin Currency Pair Sinks 8%\nBy Glenn Williams\nEther has been declining relative to bitcoin, despite becoming deflationary again.\nThe ETH/BTC currency pair has declined 8% since Jan. 11 as the price increase in bitcoin has been more pronounced than ether’s.\nThe decrease in the ETH/BTC ratio comes as the supply of ETH has been dropping. ETH’s current supply is currently 2,788 ETH lower than its supply in September 2022.\nThe relative strength index (RSI), for the ETH/BTC pair has since declined to below 40, reaching levels last seen in December.\nA further decline below 30 could provide a compelling opportunity for investors bullish on ETH to add to their positions.\n8:30 a.m. HKT/SGT(00:30 UTC)United Kingdom S&P Global/CIPS Services PMI (Jan)\n8:45 p.m. HKT/SGT(12:45 UTC)New Zealand Consumer Price Index (YoY/Q4)\n11:30 p.m. HKT/SGT(15:30 UTC)Australia Consumer Price Index (QoQ/Q4)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Breaks Above $23K Before Retreating; AXS Skyrockets Ahead of $64 Million Token Unlock\nBitcoin (BTC) topped $23,000 for the first time since August before retreating. This came as play-to-earn giant Axie Infinity\'s AXS cryptocurrency rallied despite the impending unlocking of millions of dollars worth of tokens. Opimas LLC CEO and founder Octavio Marenzi weighed in. Compound Labs Founder Robert Leshner and Bitwise Asset Management General Counsel Katherine Dowling also joined the conversation.\nBitcoin Miner Argo Blockchain\'s Shares Climb After Regaining Nasdaq Listing:The miner could return to the Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days.\nMakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance:The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits.\nCrypto Exchange Gemini Cutting Another 10% of Staff, Report:Gemini has been swept up in the problems of crypto lender Genesis Global Capital, with which it partnered on an interest-earning product.\nEthereum\'s Buterin Proposes \'Stealth Addresses\' to Enhance Privacy Protections:In a new blog, Ethereum co-founder Vitalik Buterin outlines a stealth address system that can help overcome the blockchain’s lack of privacy protections.\nNFT Collection Doodles Acquires Emmy-Nominated Animation Studio:The deal for Golden Wolf brings the project\'s founder, Ingi Erlingsson, into Doodles\' fold.', 'Good morning. Here’s what’s happening: Prices: Bitcoin holds steady near $23K for another day; ether remains above $1,600. Insights: The price of ether declines relative to bitcoin. Prices CoinDesk Market Index (CMI) 1,089.14 +6.5 ▲ 0.6% Bitcoin (BTC) $22,968 +189.4 ▲ 0.8% Ethereum (ETH) $1,629 −10.2 ▼ 0.6% S&P 500 daily close 4,019.81 +47.2 ▲ 1.2% Gold $1,934 +7.2 ▲ 0.4% Treasury Yield 10 Years 3.52% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Rises Over $23K and Retreats Again By James Rubin Bitcoin cracked the lofty height of $23,000 on Monday before retreating just below this threshold in a repeat performance from the weekend that continued to reflect fresh investor optimism. The largest cryptocurrency by market capitalization was recently trading at $22,968, up almost a percentage point over the past 24 hours, BTC has risen more than 35% since the start of the year amid concrete signs that prices are declining without the economy falling into steep recession. Still, a number of analysts are unconvinced that the rally will last after a nearly 14-month bear market and a slew of crypto debacles that have shaken the public\'s already fragile faith in the industry. In a weekly commentary , Jeff Dorman, chief investment officer of digital asset investment firm Arca, highlighted bitcoin\'s rebound and "a sharp renaissance" of tokens from "applications and protocols largely left for dead," but also the difficulty in predicting if the current upsurge was "just a bear market rally or if price increases will reflexively spark enough economic activity to justify the price moves." "At a micro level, most individual applications and protocols are still near trough levels of users and activity," even if many have risen over 100% in recent weeks," Dorman wrote, adding: "The market is trying to find equilibrium, something between last year’s dead zone and 2021’s euphoria." Ether also rose then dipped on Monday but continued to trade comfortably over $1,600, about flat from Sunday, same time. Other major cryptos were mixed with AVAX, the token of base layer protocol Avalanche, and XRP, the native crypto of open source public blockchain XRP Ledger, up more than 4% and 5%, respectively, but AXS, the governance token of gaming platform Axie Infinity, dropping more than 12%. AXS had soared more than 40% on Sunday. The CoinDesk Market Index (CMI) , a measure of leading cryptos\' market performance, was up slightly. Story continues Equity indexes closed higher to continue their largely upward trend this year with the tech-focused Nasdaq and S&P 500 jumping 2% and 1.2%, respectively, amid market hopefulness that the U.S. central bank will scale back its next interest rate hike from the 50 and 75 basis point increases (bps) of the past eight months to 25 bps. Meanwhile, lawyers for Genesis Global told a federal bankruptcy court in New York City on Monday that they’ve been working with creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months to reach a “consensual resolution” with the embattled company’s creditors. Earlier this month, Genesis Global Holdco – the holding company of Genesis Global Capital – and two of its subsidiaries, Genesis Asia Pacific (GAP) and Genesis Global Capital (GGC), filed for Chapter 11 bankruptcy protection – part of the fallout from crypto exchange FTX\'s collapse. Genesis is a CoinDesk sister company. In his firm\'s commentary, Arca Chief Financial Officer Michael Dershewitz, the head of Arca\'s Risk Committee, wrote that the Chapter 11 filing represented "an endgame" to "a long-running public insolvency." "Chapter 11 is a useful process to stay liabilities and negotiate a court-approved restructuring," Dershewitz wrote, adding: "We cannot add much to predict how these negotiations will end, but we are watching at the edge of our seats." Biggest Gainers Asset Ticker Returns DACS Sector Polkadot DOT +3.9% Smart Contract Platform XRP XRP +2.9% Currency Avalanche AVAX +1.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −3.8% Entertainment Terra LUNA −2.9% Smart Contract Platform Cosmos ATOM −2.8% Smart Contract Platform Insights Ether-Bitcoin Currency Pair Sinks 8% By Glenn Williams Ether has been declining relative to bitcoin, despite becoming deflationary again. The ETH/BTC currency pair has declined 8% since Jan. 11 as the price increase in bitcoin has been more pronounced than ether’s. The decrease in the ETH/BTC ratio comes as the supply of ETH has been dropping. ETH’s current supply is currently 2,788 ETH lower than its supply in September 2022. The relative strength index (RSI), for the ETH/BTC pair has since declined to below 40, reaching levels last seen in December. A further decline below 30 could provide a compelling opportunity for investors bullish on ETH to add to their positions. (TradingView) Important events 8:30 a.m. HKT/SGT(00:30 UTC) United Kingdom S&P Global/CIPS Services PMI (Jan) 8:45 p.m. HKT/SGT(12:45 UTC) New Zealand Consumer Price Index (YoY/Q4) 11:30 p.m. HKT/SGT(15:30 UTC) Australia Consumer Price Index (QoQ/Q4) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Breaks Above $23K Before Retreating; AXS Skyrockets Ahead of $64 Million Token Unlock Bitcoin (BTC) topped $23,000 for the first time since August before retreating. This came as play-to-earn giant Axie Infinity\'s AXS cryptocurrency rallied despite the impending unlocking of millions of dollars worth of tokens. Opimas LLC CEO and founder Octavio Marenzi weighed in. Compound Labs Founder Robert Leshner and Bitwise Asset Management General Counsel Katherine Dowling also joined the conversation. Headlines Bitcoin Miner Argo Blockchain\'s Shares Climb After Regaining Nasdaq Listing: The miner could return to the Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days. MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance: The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits. Crypto Exchange Gemini Cutting Another 10% of Staff, Report: Gemini has been swept up in the problems of crypto lender Genesis Global Capital, with which it partnered on an interest-earning product. Ethereum\'s Buterin Proposes \'Stealth Addresses\' to Enhance Privacy Protections: In a new blog, Ethereum co-founder Vitalik Buterin outlines a stealth address system that can help overcome the blockchain’s lack of privacy protections. NFT Collection Doodles Acquires Emmy-Nominated Animation Studio: The deal for Golden Wolf brings the project\'s founder, Ingi Erlingsson, into Doodles\' fold.', 'The FBI announced Monday it has concluded that North Korean hacker organization Lazarus Group was behind the$100 million hackofHarmony Protocollast June.\nOver $60 million of ETH stolen during the heist was laundered on January 13, six months after
**Last 60 Days of Bitcoin's Closing Prices:**
[16521.84, 16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-24
**Financial & Commodity Data:**
- Gold Closing Price: $1933.90
- Crude Oil Closing Price: $80.13
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,363,620,462
- Hash Rate: 241053474.686216
- Transaction Count: 292970.0
- Unique Addresses: 660507.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The rapid collapse of billionaire-turned-scourge Sam Bankman-Fried's crypto empire will likely be remembered for posterity as one of the blockchain industry's worst-ever episodes, and nowhere was that more evident than in the performance of digital-asset markets. Bitcoin ( BTC ), the largest cryptocurrency, plunged by 18% in November, its biggest monthly loss in five months. Ether ( ETH ), the Ethereum blockchain’s native cryptocurrency and the second-largest overall, tumbled 21%. The CoinDesk Market Index ( CMI ) lost 16%. Hardest hit in digital-asset markets was a group of tokens commonly associated with Bankman-Fried – because he either invested in them or was one of the biggest backers of the projects, or both. Colloquially, they have become known in crypto-market circles as the “ Sam coins .” FTT , the utility token of the FTX exchange, tumbled 90%, falling from $26 to about $1. This chart of the price of the FTT token shows just how swift and ruthless the sell-off was in November. (CoinDesk) The plunge began shortly after CoinDesk first reported on Nov. 2 that Alameda Research, a trading firm owned by Bankman-Fried, had a balance sheet chock full of the FTX exchange’s own tokens – perhaps the first clear indication of improper self-dealing and excessive risk-taking by the entrepreneur. According to the report, Alameda held $3.66 billion of “unlocked FTT” and a $2.16 billion pile of “FTT collateral” as the third-largest entry on the assets side of its accounting ledger. Serum ( SRM ), the native token of a decentralized exchange on the Bankman-Fried-championed Solana blockchain, fell 70% in November – the biggest loser for the month among the roughly 160 digital assets in the CoinDesk Market Index. Solana’s native token, SOL , dropped 58% for the month as the Alameda balance sheet also revealed holdings of $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral.” The fear among traders was that Alameda (and other market players) might suddenly move to dump the tokens, further exacerbating the selling pressure. Story continues This chart shows November returns for select assets in the CoinDesk Market Index. (CMI) The market fallout inflicted widespread casualties on the industry. Sino Global Capital , one of Asia’s biggest and most well-known crypto investors and led by longtime crypto investor Matthew Graham, was closely allied with FTX and had invested in many of the “Sam coins.” According to the firm, its “direct exposure to FTX exchange was confined to mid-seven figures held in custody.” The firm has declined to quantify any losses related to indirect exposure, such as from holding the tokens that tumbled in value. A key tone shift in crypto markets during the month was just how dramatically they diverged from the path of traditional markets. Stocks shined as investors processed speculation that the Federal Reserve might slow the pace of interest rate hikes as soon as December. The S&P 500 is up 2.2% in November, while gold climbed 7.8%. November’s winners BAND, the native token of cross-chain data oracle platform Band Protocol, was the big leader in the CoinDesk Market Index, surging 57% during the month. The jump came as its mainnet successfully upgraded to its BandChain, increasing throughput by 10 times . Litecoin’s LTC token rallied 38%. The Litecoin blockchain is approaching its third mining-reward halving – a programmed code that will cut LTC's pace of supply expansion by 50%. These blockchain-supply halvings have historically bolstered cryptocurrency prices, analysts say. Decentralized exchange dYdX's native token ended in the green, up 0.7%. For most crypto traders, though, the November pain will likely be felt far more acutely than any spotty gains....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat.\nMining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are rewarded with a fixed amount of Bitcoin—6.25 BTC as of this writing.\nAs Bitcoin’s market value decreases, so does the dollar-denominated revenues available to miners, thus weeding all but the most cost-efficient players out of the market. After Bitcoin’slatest pumpto $23,000, however, the average miner is once again able to operate at a profit.\n“This fundraise allows us to accelerate the year-over-year revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” explained Erik Svenson. Blockstream’s President & CFO, in apress release.\nThe prior $210 million raise took place in August 2021, alongsidecrypto’s biggest raisesin a time when the market was heading into its all-time high market capitalization of more than $3 trillion. That money was used to build mining facilities for hosting services, in which customers rent the company’s ASICs to earn Bitcoin from mining for a limited time. Tuesday’s raise will deploy capital for the same purpose.\nBitcoin Mining Is Booming Despite Market Headwinds\n“Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity,” stated the firm.\nBlockstream is one of the world’s largest mining operators, with 500 megawatts in its development pipeline. Rival firms like Core Scientific—one of the largest publicly traded miners in North America—filed for bankruptcy in December after dumping nearly all of its Bitcoin holdings and failing to pay down debt. Core Scientific now beinginvestigatedfor potentially committing securities fraud.\nIris Energy fell into a similar predicament, slashing its Bitcoin mining capacity in May to pay down its collateralized loans for mining hardware in November.\n“Recent events in the broader cryptocurrency industry underscore the value and importance of the work Blockstream is doing in both blockchain development and bitcoin mining,” concluded Blockstream.', 'Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat. Mining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are rewarded with a fixed amount of Bitcoin—6.25 BTC as of this writing. As Bitcoin’s market value decreases, so does the dollar-denominated revenues available to miners, thus weeding all but the most cost-efficient players out of the market. After Bitcoin’s latest pump to $23,000, however, the average miner is once again able to operate at a profit. “This fundraise allows us to accelerate the year-over-year revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” explained Erik Svenson. Blockstream’s President & CFO, in a press release . The prior $210 million raise took place in August 2021, alongside crypto’s biggest raises in a time when the market was heading into its all-time high market capitalization of more than $3 trillion. That money was used to build mining facilities for hosting services, in which customers rent the company’s ASICs to earn Bitcoin from mining for a limited time. Tuesday’s raise will deploy capital for the same purpose. Bitcoin Mining Is Booming Despite Market Headwinds “Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity,” stated the firm. Blockstream is one of the world’s largest mining operators, with 500 megawatts in its development pipeline. Rival firms like Core Scientific—one of the largest publicly traded miners in North America—filed for bankruptcy in December after dumping nearly all of its Bitcoin holdings and failing to pay down debt. Core Scientific now being investigated for potentially committing securities fraud. Iris Energy fell into a similar predicament, slashing its Bitcoin mining capacity in May to pay down its collateralized loans for mining hardware in November. “Recent events in the broader cryptocurrency industry underscore the value and importance of the work Blockstream is doing in both blockchain development and bitcoin mining,” concluded Blockstream. View comments', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy.\nSee related article:Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live\n• Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according todata from CoinMarketCap.\n• Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week.\n• Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week.\n• The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion.\n• In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%.\n• Software giant Microsoft Corpreported better-than-expected earningsfor the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed.\n• The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending.\n• Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points.\nSee related article:Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy. See related article: Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live Fast facts Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according to data from CoinMarketCap . Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week. Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week. The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion. In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%. Software giant Microsoft Corp reported better-than-expected earnings for the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed. The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending. Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points. See related article: Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy.\nSee related article:Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live\n• Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according todata from CoinMarketCap.\n• Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week.\n• Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week.\n• The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion.\n• In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%.\n• Software giant Microsoft Corpreported better-than-expected earningsfor the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed.\n• The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending.\n• Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points.\nSee related article:Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'With the shifting of market fortunes over the past year, we\x92ve seen a major rotation. Growth stocks are out. Meanwhile, investors have gravitated to value and dividend stocks. That\x92s an entirely logical reaction, as these sorts of stocks tend to hold up better during bear markets and recessions. However, the rush of money into these safe havens has made a lot of former value stocks less attractive. There is good news, however. Not all value and dividend stocks have gotten bid up yet. In fact, there are still considerable opportunities out there if you know where to look. The seven dividend stocks below all offer a yield of at least 3%, and all these companies saw their share prices decline by around 30% or more over the past year. After such declines, there is room for considerable share price appreciation when market sentiment becomes more favorable. InvestorPlace - Stock Market News, Stock Advice & Trading Tips INTC Intel $29.92 MMM 3M $115.07 F Ford Motor $12.74 CM Canadian Imperial Bank of Commerce $43.64 WBA Walgreens Boots Alliance $35.90 DELL Dell Technologies $40.59 AVB AvalonBay Communities $173.09 Dividend Stocks to Buy: Intel (INTC) Close up of Intel (INTC) sign at entrance of The Intel Museum in Silicon Valley. Intel is an American multinational corporation and technology company. Source: JHVEPhoto / Shutterstock.com Semiconductor giant Intel (NASDAQ: INTC ) has had a rough go of it lately, with shares down nearly 43% over the past 12 months. The company has lost market share in recent years to key rivals such as Advanced Micro Devices (NASDAQ: AMD ). Adding to that, demand for computing chips plummeted in 2022 as the pandemic-era surge in demand for laptops and tablets abruptly ended. Despite the litany of bad news in 2022, however, Intel shares appear to have bottomed. Shares are up more than 20% since hitting a low below $25 in mid-October despite continuing weak earnings guidance and pessimistic rumblings out of the semiconductor sector. The fact that Intel shares have rallied on bad news speaks to the fundamental value in the semiconductor giant. After all, Intel is still the titan in computing and data center chips. It spends more than $15 billion annually on research and development, which will refresh and improve Intel\x92s product offerings. And Intel\x92s big investments in new American manufacturing facilities will give it a strong competitive position in the coming years. Story continues Even amid the current earnings slump, shares still go for just 17.6 times forward earnings while offering a 4.8% dividend yield. Just be aware that the company is scheduled to report fourth-quarter and full-year earnings on Jan. 26. Risk-averse investors may want to wait until after the announcement to jump in. 3M (MMM) 3M (MMM) logo on glass front of building Source: josefkubes / Shutterstock.com 3M (NYSE: MMM ) is one of America\x92s largest and most high-profile manufacturing companies. The firm, which started out as Minnesota Mining and Manufacturing more than a century ago, has become a wide-ranging enterprise. The company makes tens of thousands of products including adhesives, Post-It notes, safety gear, dental equipment and cleaning supplies. After decades of outperformance, 3M has struggled in recent years with shares losing a third of their value over the past 12 months. The stock has been weighed down by several sets of product liability lawsuits , along with broader concerns around the economy and profit margins. Shares fell around 6% today after the company\x92s fourth-quarter earnings missed estimates and management delivered a bearish forecast for 2023. In response to weaker consumer\xa0demand for its products and Covid-19-related disruptions in China, 3M said it will cut 2,500 manufacturing jobs , or around 2.6% of its workforce. However, with companies looking to move their supply chains closer to home, this reshoring effort should play right into 3M\x92s strengths as more American industrial firms need adhesives, safety equipment, cleaning supplies and so on from 3M. Historically, MMM stock has often traded around 20 times forward earnings . With its underperformance in recent years, though, shares are now going for less than 12 times forward earnings. The company, which has raised its dividend 64 years in a row , has long been a stalwart of many conservative investors\x92 portfolios. Shares currently yield 4.9%. Dividend Stocks to Buy: Ford Motor (F) Ford logo badge on grill of car Source: JuliusKielaitis / Shutterstock.com Ford Motor (NYSE: F ) is one of the world\x92s largest automobile companies , generating more than $150 billion in revenue over the past 12 months. The company is also highly profitable, earning $9 billion in net income over the past year. Despite Ford\x92s business success, shares have lost roughly half their value since their peak in early 2022. This came about as the boom in the automobile market started to lose steam after a record 2021. It\x92s not all bad news, though. For one thing, the semiconductor shortage has started to clear up, which should help normalize automobile supply chains. For another thing, Ford is a leader in developing electric vehicles with an attractive lineup of makes and models set to be released over the next couple of years. Meanwhile, with the decline in F stock over the past year, shares now go for less than 7 times forward earnings. I\x92m not the only one seeing considerable value in Ford shares today. Morningstar analyst David Whiston pegs the stock\x92s fair value at $24 , which represents 88% upside from today\x92s price. Whiston is optimistic about Ford\x92s efforts to focus the business on light trucks while also investing in its EV fleet. Canadian Imperial Bank of Commerce (CM) a person holding an iphone in one hand and a credit card in the othr Source: apichon_tee/ShutterStock.com Canadian Imperial Bank of Commerce (NYSE: CM ), or CIBC for short, is one of Canada\x92s five large banks . Canadian banks have historically achieved outsized returns. This is thanks to limited competition in the market, along with a strong real estate market in Canada, which has bolstered the banking industry\x92s outlook. However, the Canadian banking sector saw a significant decline in 2022. This came as the Canadian housing market finally slowed down and investors questioned the strength of Canada\x92s overall economy. CM stock fell more than most, as it has the most exposure to the Canadian mortgage market of the big five Canadian banks. However, CIBC has started to diversify internationally, acquiring U.S. regional bank PrivateBancorp in 2016. Additionally, while Canadian housing prices have turned downward, most mortgages are backstopped by the Canadian government, which greatly limits liability for the banks themselves. With shares down 31% over the past year, the stock now trades at just 8.5 times forward earnings. Meanwhile, the bank is offering a generous 5.7% dividend yield. Dividend Stocks to Buy: Walgreens Boots Alliance (WBA) Walgreens (WBA) store exterior and sign in Pompano Beach, Florida Source: saaton / Shutterstock.com Walgreens Boots Alliance (NASDAQ: WBA ) is one of America\x92s largest pharmacy chains. Traditionally, Walgreens has been an exceptional business. It has delivered strong earnings growth and 47 consecutive years of dividend increases . However, the firm\x92s hot streak has slowed over the past few years. The rise of e-commerce has affected sales in the convenience retail part of the business. While online pharmacies haven\x92t really taken off yet, that is another potential threat. Additionally, Walgreens\x92 venture into the UK market failed to achieve the desired results. Yet, even taking into account these negatives, investors have grown too pessimistic on WBA stock, which is down 32% over the past year. The company is still very profitable, and it is refocusing its efforts to provide a more complete health ecosystem for its customers. Shares currently trade for less than 8 times forward earnings and offer a 5.4% dividend yield. Dell Technologies (DELL) Dell (DELL) Technologies Display and Logo Source: Jonathan Weiss / Shutterstock.com Dell Technologies (NYSE: DELL ) is not the glamorous investment that it used to be. Twenty-five years ago, computer vendors like Dell enjoyed high valuations and seemingly promising outlooks. Nowadays, investors hate the computing hardware sector. Investors, somewhat justifiably, view it as a field riddled with excessive competition and rock-bottom profit margins. But here\x92s the thing: Dell is actually doing quite well . In its most recently reported quarter, the company delivered record operating income despite a 6% year-over-year decline in revenue. It\x92s true that the company\x92s Q4 forecast fell short of Wall Street\x92s expectations. However, consider the fact that analysts are forecasting Dell will generate over $100 billion in revenue for the current fiscal year while the stock has a market cap of just $29 billion. Dell shares are trading at 6.6 times forward earnings after a 27% drop in the stock over the past year. In addition to the low P/E ratio, the company began paying a dividend again in April, announcing a 33-cent payout for a forward annual yield of 3.2%. Dividend Stocks to Buy: AvalonBay Communities (AVB) AVB stock: an Avalon sign in a garden next to a road Source: Andriy Blokhin / Shutterstock.com AvalonBay Communities (NYSE: AVB ) is a real estate investment trust focused on luxury apartment buildings with 275 apartment communities containing more than 82,000 individual units. AVB stock plunged 28% over the past year as investors fretted over a falling housing market. Rising interest rates and slumping housing prices, in theory, will lower the value of AvalonBay\x92s apartment buildings. In addition, AvalonBay will likely see lower rent increases in the coming years as the housing market sags. Indeed, while year-over-year single-family rental price gains of 7.5% for November were respectable, this was down significantly from a few months ago. Regardless, the market has overreacted. Shares\x92 33% drop from their 52-week high more than makes up for a moderate amount of weakness in the outlook for rent levels going forward. And, taking a longer-term perspective, favorable demographics and a lack of housing supply should support demand for luxury apartment rentals in coming years. Plus, AVB stock yields 3.7%, making it an attractive dividend play. On the date of publication, Ian Bezek held a long position in INTC, MMM, WBA, and CM stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn\x92t matter if you have $500 or $5 million. Do this now. Early Bitcoin Millionaire Reveals His Next Big Crypto Trade \x93On Air\x94 The post 7 Dividend Stocks That Will Be Big Winners in 2023 appeared first on InvestorPlace .', 'With the shifting of market fortunes over the past year, we’ve seen a major rotation. Growth stocks are out. Meanwhile, investors have gravitated to value and dividend stocks. That’s an entirely logical reaction, as these sorts of stocks tend to hold up better during bear markets and recessions. However, the rush of money into these safe havens has made a lot of former value stocks less attractive.\nThere is good news, however. Not all value and dividend stocks have gotten bid up yet. In fact, there are still considerable opportunities out there if you know where to look.\nThe seven dividend stocks below all offer a yield of at least 3%, and all these companies saw their share prices decline by around 30% or more over the past year. After such declines, there is room for considerable share price appreciation when market sentiment becomes more favorable.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"INTC": "MMM", "Intel": "3M", "$29.92": "$115.07"}, {"INTC": "F", "Intel": "Ford Motor", "$29.92": "$12.74"}, {"INTC": "CM", "Intel": "Canadian Imperial Bank of Commerce", "$29.92": "$43.64"}, {"INTC": "WBA", "Intel": "Walgreens Boots Alliance", "$29.92": "$35.90"}, {"INTC": "DELL", "Intel": "Dell Technologies", "$29.92": "$40.59"}, {"INTC": "AVB", "Intel": "AvalonBay Communities", "$29.92": "$173.09"}]\nSource: JHVEPhoto / Shutterstock.com\nSemiconductor giantIntel(NASDAQ:INTC) has had a rough go of it lately, with shares down nearly 43% over the past 12 months. The company has lost market share in recent years to key rivals such asAdvanced Micro Devices(NASDAQ:AMD). Adding to that, demand for computing chips plummeted in 2022 as the pandemic-era surge in demand for laptops and tablets abruptly ended.\nDespite the litany of bad news in 2022, however, Intel shares appear to have bottomed. Shares are up more than 20% since hitting a low below $25 in mid-October despite continuingweak earnings guidanceand pessimistic rumblings out of the semiconductor sector. The fact that Intel shares have rallied on bad news speaks to the fundamental value in the semiconductor giant.\nAfter all, Intel is still the titan in computing and data center chips. Itspends more than $15 billion annuallyon research and development, which will refresh and improve Intel’s product offerings. And Intel’sbig investmentsin new American manufacturing facilities will give it a strong competitive position in the coming years.\nEven amid the current earnings slump, shares still go for just 17.6 times forward earnings while offering a 4.8% dividend yield. Just be aware that the company is scheduled to report fourth-quarter and full-year earnings on Jan. 26. Risk-averse investors may want to wait until after the announcement to jump in.\nSource: josefkubes / Shutterstock.com\n3M(NYSE:MMM) is one of America’s largest and most high-profile manufacturing companies. The firm, which started out asMinnesota Mining and Manufacturingmore than a century ago, has become a wide-ranging enterprise. The company makes tens of thousands of products including adhesives, Post-It notes, safety gear, dental equipment and cleaning supplies.\nAfter decades of outperformance, 3M has struggled in recent years with shares losing a third of their value over the past 12 months. The stock has been weighed down by several sets ofproduct liability lawsuits, along with broader concerns around the economy and profit margins.\nShares fell around 6% today after the company’s fourth-quarter earningsmissed estimatesand management delivered a bearish forecast for 2023. In response to weaker consumer\xa0demand for its products and Covid-19-related disruptions in China, 3M said it willcut 2,500 manufacturing jobs, or around 2.6% of its workforce.\nHowever, with companies looking to move their supply chains closer to home, this reshoring effort should play right into 3M’s strengths as more American industrial firms need adhesives, safety equipment, cleaning supplies and so on from 3M.\nHistorically, MMM stock has often tradedaround 20 times forward earnings. With its underperformance in recent years, though, shares are now going for less than 12 times forward earnings. The company, which has raised its dividend64 years in a row, has long been a stalwart of many conservative investors’ portfolios. Shares currently yield 4.9%.\nSource: JuliusKielaitis / Shutterstock.com\nFordMotor(NYSE:F) is one of theworld’s largest automobile companies, generating more than $150 billion in revenue over the past 12 months. The company is also highly profitable, earning $9 billion in net income over the past year.\nDespite Ford’s business success, shares have lost roughly half their value since their peak in early 2022. This came about as the boom in the automobile market started to lose steam after a record 2021.\nIt’s not all bad news, though. For one thing, the semiconductor shortage has started to clear up, which should help normalize automobile supply chains. For another thing, Ford is aleader in developing electric vehicleswith an attractive lineup of makes and models set to be released over the next couple of years. Meanwhile, with the decline in F stock over the past year, shares now go for less than 7 times forward earnings.\nI’m not the only one seeing considerable value in Ford shares today.Morningstaranalyst David Whiston pegs the stock’sfair value at $24, which represents 88% upside from today’s price. Whiston is optimistic about Ford’s efforts to focus the business on light trucks while also investing in its EV fleet.\nSource: apichon_tee/ShutterStock.com\nCanadian Imperial Bank of Commerce(NYSE:CM), or CIBC for short, is one ofCanada’s five large banks. Canadian banks have historically achieved outsized returns. This is thanks to limited competition in the market, along with a strong real estate market in Canada, which has bolstered the banking industry’s outlook.\nHowever, the Canadian banking sector saw a significant decline in 2022. This came as the Canadianhousing market finally slowed downand investors questioned the strength of Canada’s overall economy.\nCM stock fell more than most, as it has the most exposure to the Canadian mortgage market of the big five Canadian banks. However, CIBC has started to diversify internationally,acquiring U.S. regional bankPrivateBancorp in 2016. Additionally, while Canadian housing prices have turned downward, most mortgages are backstopped by the Canadian government, which greatly limits liability for the banks themselves.\nWith shares down 31% over the past year, the stock now trades at just 8.5 times forward earnings. Meanwhile, the bank is offering a generous 5.7% dividend yield.\nSource: saaton / Shutterstock.com\nWalgreens Boots Alliance(NASDAQ:WBA) is one of America’s largest pharmacy chains. Traditionally, Walgreens has been an exceptional business. It has delivered strong earnings growth and47 consecutive years of dividend increases.\nHowever, the firm’s hot streak has slowed over the past few years. The rise of e-commerce has affected sales in the convenience retail part of the business. While online pharmacies haven’t really taken off yet, that is another potential threat. Additionally, Walgreens’ venture into the UK market failed to achieve the desired results.\nYet, even taking into account these negatives, investors have grown too pessimistic on WBA stock, which is down 32% over the past year. The company is still very profitable, and it is refocusing its efforts to provide a morecomplete health ecosystemfor its customers.\nShares currently trade for less than 8 times forward earnings and offer a 5.4% dividend yield.\nSource: Jonathan Weiss / Shutterstock.com\nDell Technologies(NYSE:DELL) is not the glamorous investment that it used to be. Twenty-five years ago, computer vendors like Dell enjoyed high valuations and seemingly promising outlooks. Nowadays, investors hate the computing hardware sector. Investors, somewhat justifiably, view it as a field riddled with excessive competition and rock-bottom profit margins.\nBut here’s the thing: Dell is actuallydoing quite well. In its most recently reported quarter, the company delivered record operating income despite a 6% year-over-year decline in revenue. It’s true that the company’s Q4 forecast fell short of Wall Street’s expectations. However, consider the fact that analysts are forecasting Dell will generate over $100 billion in revenue for the current fiscal year while the stock has a market cap of just $29 billion.\nDell shares are trading at 6.6 times forward earnings after a 27% drop in the stock over the past year. In addition to the low P/E ratio, the company began paying a dividend again in April, announcing a 33-cent payout for a forward annual yield of 3.2%.\nSource: Andriy Blokhin / Shutterstock.com\nAvalonBay Communities(NYSE:AVB) is a real estate investment trust focused on luxury apartment buildings with 275 apartment communities containing more than 82,000 individual units.\nAVB stock plunged 28% over the past year as investors fretted over a falling housing market. Rising interest rates and slumping housing prices, in theory, will lower the value of AvalonBay’s apartment buildings. In addition, AvalonBay will likely see lower rent increases in the coming years as the housing market sags. Indeed, while year-over-year single-familyrental price gains of 7.5%for November were respectable, this was down significantly from a few months ago.\nRegardless, the market has overreacted. Shares’ 33% drop from their 52-week high more than makes up for a moderate amount of weakness in the outlook for rent levels going forward. And, taking a longer-term perspective, favorable demographics and a lack of housing supply should support demand for luxury apartment rentals in coming years. Plus, AVB stock yields 3.7%, making it an attractive dividend play.\nOn the date of publication, Ian Bezek held a long position in INTC, MMM, WBA, and CM stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nIan Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air”\nThe post7 Dividend Stocks That Will Be Big Winners in 2023appeared first onInvestorPlace.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin rises above $23K for the third time in four days. Other major cryptos are largely in the red.\nInsights:Despite bitcoin\'s most recent surge, a number of analysts are wary about its path forward.\nCoinDesk Market Index (CMI)\n1,050.91\n−44.1▼4.0%\nBitcoin (BTC)\n$22,598\n−453.4▼2.0%\nEthereum (ETH)\n$1,543\n−92.5▼5.7%\nS&P 500 daily close\n4,016.95\n−2.9▼0.1%\nGold\n$1,934\n−0.2▼0.0%\nTreasury Yield 10 Years\n3.47%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Tests $23.1K Before Retreating\nBy James Rubin\nFor the third time in four days, bitcoin clambered above $23,000 before falling back as markets continued their hopeful watch of improving macroeconomic conditions.\nSo far this week, no event has offset the recent narrative of falling inflation, gently slowing economic growth and a U.S. central bank primed to raise interest rates at a more moderate pace than in 2022.\nBTC was recently trading at about $22,600, down 2% over the past 24 hours, although the largest cryptocurrency by market capitalization is still up more than 30% this year.\nIn an interview with CoinDesk "First Mover" TV, Matt Weller, global head ofresearchforFOREX.com, said the recent rally stemmed from market dynamics, including the liquidation of "a large short position." Weller said he was now seeing "a small element of that FOMO from traders who thought that they would have all this year to buy near the lows."\n"Now that we start to see prices picking up, we\'re starting to see a lot of those traders throw in the towel and just jump in to make sure that they don\'t miss the big surge off the bottom that we\'re now seeing," he said. Ether fared less well, falling below $1,550 for the first time in a week. The second-largest crypto by market value was off 5.7% from Monday, same time. Other major cryptos declined later in the day to trade well in the red, with popular meme coins DOGE and SHIB down more than 7% and 8%, respectively, and ADA off 8%. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 4%.\nEquity indexes traded sideways on Tuesday with the tech-heavy Nasdaq and S&P 500 down a few fractions of a percentage point as investors chewed over the latest earnings, a mixture of the decent (General Electric) and the lower (3M and Microsoft).\nCrypto news also had its ups and downs, with JPMorgan analysts noting a pickup in crypto exchange Coinbase\'s trading this year even as rivals\' volume has plunged. And a unit of Genesis Global Capital, the crypto lender thatfiled for bankruptcy protection in New York last week, claimed that longtime blockchain-industry veteran and Bitcoin Cash backer Roger Ver – sometimes referred to as “Bitcoin Jesus” based on his early evangelism for the industry – failed to settle cryptocurrency options trades.\nThe allegation against Ver by GGC International Limited was contained in a Jan. 23 filing to the New York State Supreme Court in Manhattan. Genesis is a subsidiary of Digital Currency Group (DCG), a crypto conglomerate that also owns CoinDesk.\nMeanwhile, FOREX.com\'s Weller said that institutions, not investors are behind this year\'s crypto price surge.\n"I don\'t think there\'s that those compelling new use cases yet that are driving retail back to the market," Weller said. It seems like the only people who are still sticking around on the retail side are those who have been through multiple cycles understand how volatile this market can be."\nHe added: "Recall that these institutions move so slowly, and they have to go through a board and put together a compelling case and get approval to gradually increase their allocations. And those decisions are not made lightly. Many of those processes started back in 2020, 2021. They\'re still ongoing and giving institutions a chance to buy for example, cheap bitcoin or [ether]. That\'s really what\'s put a floor under the market and could continue to support prices as we move through this year and beyond."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221211.0%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u221210.2%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.4%", "DACS Sector": "Smart Contract Platform"}]\nWhich Way Does Bitcoin Go From Here?\nBy James Rubin\nIs bitcoin\'s 2023 surge a harbinger of more good days to come or temporary respite from a 14-month bear market that has rocked the public\'s already shaky faith in crypto?\nAnalysts who have offered comments to CoinDesk this week have been largely skeptical of its prospects in the short-term, even as it has lingered near $23,000 for much of the past four days. Even with a late Tuesday decline, bitcoin\'s price has risen more than 30% this year.\nAnalysts\' wariness underscores the ongoing fragility of crypto markets, the industry itself and wider economic conditions. And it also recognizes investors\' ability this year to seize an opportunity following this month\'s more upbeat reports about inflation.\nOn Sunday, Joe DiPasquale, CEO of crypto fund manager BitBull Capital, noted "a long consolidation period that saw shorts accumulating."\n"The market has risen, partially fueled the short squeeze," DiPasquale wrote, but added that "bitcoin and several altcoins are overheated and due for a correction. "We wouldn’t be surprised to see bitcoin testing $20,000 in the coming days."\n"For the week ahead, market participants should be mindful of downside risks and potentially seek to take profits."\nAnd on Tuesday, Matt Weller, global head ofresearchforFOREX.com, attributed the rally to market dynamics, including the liquidation of "a large short position." Weller said he was now seeing "a small element of that FOMO from traders who thought that they would have all this year to buy near the lows."\nIn an email Tuesday, Edward Moya, senior market analyst for foreign exchange market maker Oanda struck a more upbeat tone, even as he noted that "the recent rally couldn’t break above the $23,500 level, which could lead to "a minor dip towards the $22,000 region."\n"When all the dust settles from Q4 GDP, the Fed’s preferred inflation gauge, and the FOMC decision, strong resistance should come from the $25,000 level. Bitcoin’s rally is about to get very interesting or it could be ripe for a short-term pullback," Moya wrote\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Australia consumer price index (Q4/MoM/YoY)\n1 p.m. H1HKT/SGT(5 a.m. UTC):Japan leading economic index (Nov.)\n4 p.m. HKT/SGT(8 a.m. UTC):European Central Bank non-monetary policy meeting\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Near $23K; How Congress Is Gearing up to Regulate Crypto\nBitcoin (BTC) has risen more than 35% to above $23,000 at certain points this month, the steepest gain since October 2021, according to CoinDesk data.Forex.comGlobal Head of Research Matt Weller shared his crypto markets analysis. Plus, Rep. Warren Davidson (R-Ohio) and SEC Commissioner Hester Peirce shared their insights on the future of crypto regulation in 2023. And, Astra Protocol Strategic Adviser and former White House Chief of Staff Mick Mulvaney also joined the conversation.\nGenesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled:The court action seeks damages from Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.\nCrypto Infrastructure Firm Blockstream Raises $125M for Bitcoin Mining:The company will use the funds to expand its bitcoin mining facilities amid strong demand for hosting.\nAave Community Voting to Deploy Version 3 on Ethereum:If the proposal passes, the latest iteration of the Aave protocol will come to the Ethereum blockchain, Aave’s first and largest market.\nPorsche Hits Brakes on NFT Mint After Backlash:Fans of the German car manufacturer hit back against the mint’s high price and supply hours after it opened on Monday.\nBullish Token Unlocks Buck Bear Market Trend in Spur to Altcoin Season:Bearish token unlocks are now a thing of the past as astute traders attempt to squeeze short positions in the lead up to supply increases.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin rises above $23K for the third time in four days. Other major cryptos are largely in the red.\nInsights:Despite bitcoin\'s most recent surge, a number of analysts are wary about its path forward.\nCoinDesk Market Index (CMI)\n1,050.91\n−44.1▼4.0%\nBitcoin (BTC)\n$22,598\n−453.4▼2.0%\nEthereum (ETH)\n$1,543\n−92.5▼5.7%\nS&P 500 daily close\n4,016.95\n−2.9▼0.1%\nGold\n$1,934\n−0.2▼0.0%\nTreasury Yield 10 Years\n3.47%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Tests $23.1K Before Retreating\nBy James Rubin\nFor the third time in four days, bitcoin clambered above $23,000 before falling back as markets continued their hopeful watch of improving macroeconomic conditions.\nSo far this week, no event has offset the recent narrative of falling inflation, gently slowing economic growth and a U.S. central bank primed to raise interest rates at a more moderate pace than in 2022.\nBTC was recently trading at about $22,600, down 2% over the past 24 hours, although the largest cryptocurrency by market capitalization is still up more than 30% this year.\nIn an interview with CoinDesk "First Mover" TV, Matt Weller, global head ofresearchforFOREX.com, said the recent rally stemmed from market dynamics, including the liquidation of "a large short position." Weller said he was now seeing "a small element of that FOMO from traders who thought that they would have all this year to buy near the lows."\n"Now that we start to see prices picking up, we\'re starting to see a lot of those traders throw in the towel and just jump in to make sure that they don\'t miss the big surge off the bottom that we\'re now seeing," he said. Ether fared less well, falling below $1,550 for the first time in a week. The second-largest crypto by market value was off 5.7% from Monday, same time. Other major cryptos declined later in the day to trade well in the red, with popular meme coins DOGE and SHIB down more than 7% and 8%, respectively, and ADA off 8%. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 4%.\nEquity indexes traded sideways on Tuesday with the tech-heavy Nasdaq and S&P 500 down a few fractions of a percentage point as investors chewed over the latest earnings, a mixture of the decent (General Electric) and the lower (3M and Microsoft).\nCrypto news also had its ups and downs, with JPMorgan analysts noting a pickup in crypto exchange Coinbase\'s trading this year even as rivals\' volume has plunged. And a unit of Genesis Global Capital, the crypto lender thatfiled for bankruptcy protection in New York last week, claimed that longtime blockchain-industry veteran and Bitcoin Cash backer Roger Ver – sometimes referred to as “Bitcoin Jesus” based on his early evangelism for the industry – failed to settle cryptocurrency options trades.\nThe allegation against Ver by GGC International Limited was contained in a Jan. 23 filing to the New York State Supreme Court in Manhattan. Genesis is a subsidiary of Digital Currency Group (DCG), a crypto conglomerate that also owns CoinDesk.\nMeanwhile, FOREX.com\'s Weller said that institutions, not investors are behind this year\'s crypto price surge.\n"I don\'t think there\'s that those compelling new use cases yet that are driving retail back to the market," Weller said. It seems like the only people who are still sticking around on the retail side are those who have been through multiple cycles understand how volatile this market can be."\nHe added: "Recall that these institutions move so slowly, and they have to go through a board and put together a compelling case and get approval to gradually increase their allocations. And those decisions are not made lightly. Many of those processes started back in 2020, 2021. They\'re still ongoing and giving institutions a chance to buy for example, cheap bitcoin or [ether]. That\'s really what\'s put a floor under the market and could continue to support prices as we move through this year and beyond."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221211.0%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u221210.2%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22129.4%", "DACS Sector": "Smart Contract Platform"}]\nWhich Way Does Bitcoin Go From Here?\nBy James Rubin\nIs bitcoin\'s 2023 surge a harbinger of more good days to come or temporary respite from a 14-month bear market that has rocked the public\'s already shaky faith in crypto?\nAnalysts who have offered comments to CoinDesk this week have been largely skeptical of its prospects in the short-term, even as it has lingered near $23,000 for much of the past four days. Even with a late Tuesday decline, bitcoin\'s price has risen more than 30% this year.\nAnalysts\' wariness underscores the ongoing fragility of crypto markets, the industry itself and wider economic conditions. And it also recognizes investors\' ability this year to seize an opportunity following this month\'s more upbeat reports about inflation.\nOn Sunday, Joe DiPasquale, CEO of crypto fund manager BitBull Capital, noted "a long consolidation period that saw shorts accumulating."\n"The market has risen, partially fueled the short squeeze," DiPasquale wrote, but added that "bitcoin and several altcoins are overheated and due for a correction. "We wouldn’t be surprised to see bitcoin testing $20,000 in the coming days."\n"For the week ahead, market participants should be mindful of downside risks and potentially seek to take profits."\nAnd on Tuesday, Matt Weller, global head ofresearchforFOREX.com, attributed the rally to market dynamics, including the liquidation of "a large short position." Weller said he was now seeing "a small element of that FOMO from traders who thought that they would have all this year to buy near the lows."\nIn an email Tuesday, Edward Moya, senior market analyst for foreign exchange market maker Oanda struck a more upbeat tone, even as he noted that "the recent rally couldn’t break above the $23,500 level, which could lead to "a minor dip towards the $22,000 region."\n"When all the dust settles from Q4 GDP, the Fed’s preferred inflation gauge, and the FOMC decision, strong resistance should come from the $25,000 level. Bitcoin’s rally is about to get very interesting or it could be ripe for a short-term pullback," Moya wrote\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Australia consumer price index (Q4/MoM/YoY)\n1 p.m. H1HKT/SGT(5 a.m. UTC):Japan leading economic index (Nov.)\n4 p.m. HKT/SGT(8 a.m. UTC):European Central Bank non-monetary policy meeting\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Near $23K; How Congress Is Gearing up to Regulate Crypto\nBitcoin (BTC) has risen more than 35% to above $23,000 at certain points this month, the steepest gain since October 2021, according to CoinDesk data.Forex.comGlobal Head of Research Matt Weller shared his crypto markets analysis. Plus, Rep. Warren Davidson (R-Ohio) and SEC Commissioner Hester Peirce shared their insights on the future of crypto regulation in 2023. And, Astra Protocol Strategic Adviser and former White House Chief of Staff Mick Mulvaney also joined the conversation.\nGenesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled:The court action seeks damages from Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.\nCrypto Infrastructure Firm
**Last 60 Days of Bitcoin's Closing Prices:**
[16464.28, 16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-25
**Financial & Commodity Data:**
- Gold Closing Price: $1941.20
- Crude Oil Closing Price: $80.15
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $437,683,127,294
- Hash Rate: 327010527.67509925
- Transaction Count: 306681.0
- Unique Addresses: 687864.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Removes extraneous word in para 3) Jan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)...
- Reddit Posts (Sample): [['u/NPCmillionaire', "Dead Internet Theory in the Matrix: Communication is impossible in this realm. Don't even know where to post or try to communicate online any more.", 31, '2023-01-25 00:07', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/', 'Don\'t even know if this is the right sub for this, and that is part of the problem. Aside from Reddit, there is virtually nowhere online to even begin to attempt to communicate with "real people". And on Reddit, all the topics are so splintered into groups and sub-groups that you almost feel like there is no where to post, especially since whoever these unpaid "mods" are who run all these different subs, somehow have the time to moderate all the time.\n\nMy working thesis about the nature of reality at the moment is a combination of sim/matrix/prison planet along with dead internet theory. I barely have "real" conversations online anymore, and that has been the case for years. And I\'m not just talking about woo/conspiracy topics, but on those it\'s obvious the bots are at work. Go on telegrams related to "flat earth" or "5D ascension" or "tartaria" and they are all reposting the same tired vax memes from years ago. I especially love the groups with 10k+ "people" and the only way to comment is on whatever posts some nameless channel owner posts, but not like there are any chats in the actual chat-based groups either.\n\nWhat\'s worse though, is there is nothing on "normie" shit anymore either. After giving up on searching in woo/conspiracy, I tried some of the most basic, stupid online things. Say looking up corporate promos/deals. I mean there are 500k+ people on the "churning" sub on here, which is just about dumb credit card points. Forgot the fact there are not even 5k people in the entire world on say "midlifecrisis". Anyway, joined two paid groups ($50 a month each), and each group had 500+ "people" and it was like I was talking to water. Even though I only joined the groups from reading a connected blog on an earlier corporate promo/cell phone deal I had gotten. I can give a novel on how stupid the experience overall was (including probably 10+ hours of "real world" driving and calling on the phone, etc.), but of course people in the group pretended they were able to move millions a year in money orders for the credit card point spread, year I was already wasting all my time just trying to get cell phones from a new carrier.\n\nIt\'s dumb anyway. That was probably a dumb aside, and I didn\'t give all the details and it\'s confusing to begin with. Anyway, something so basic, and it was like talking to static online trying to make sense of things. So of course there is no hope for a discussion of woo/conspiracy/the fundamental nature of reality.\n\nNot like "real people" are better. I can\'t even get people (other parents, cause I have kids so of course this is the only sort of people I have the opportunity to interact with) to acknowledge the most basic shit, say the economy isn\'t making sense. And not like you can have much convo beyond small talk even in a 2-3 hour time period if it\'s a "play date" or whatever. But of course the bots online will say, when asked where they go for information, where they "hang out" online, etc., that, oh, online is useless. They touch grass. They go to bars. They only talk to people online that they know IRL, etc.\n\nHonestly, the flip for me happened in 2018. At the time, I was in a crypto group that probably had a couple hundred million in paper assets. I didn\'t have that much, but given the people in there, many who were older than me, with more impressive real jobs, STEM PhDs, kids, etc., I thought at least a couple of them could make something, like a holding company or something since it made sense given the taxes, etc. Instead they did nothing and even though they are all still "there" they talk less and less, even though I know a lot of them are in the same spot as me, married with kids, not really working, a decent amount but not insane amount of money in the grand scheme. But they became more inactive during covid (even though they were all trapped at home). More inactive as BTC after the 2018+ bear went from $3k to $70k. It just feels unnatural. And I could give more details, but again this is already getting long.\n\nI don\'t even know what my point is. I keep posting variants of this post I guess just to see who is out there. I guess it\'s a numbers game to find the "real people" who are also on Reddit and have some other ideas. Hell, the last post group I did on here about how "the internet is designed to be useless" got me shadowbanned on Christmas. All that did is sort of support my position, but whatever. At least I was able to message the Reddit mod void and eventually get my account back.\n\nTyped this elsewhere on here just now. May as well make this longer...\n\nI never understand this "manifestation" talk and honestly half the time think it is bots, cause there is no way a "real" person would believe any of this after a certain age/point and also with enough experience in this reality.\n\nI am a multimillionaire without a job. I have family that I pay half of the week to come help and watch my kids. My wife doesn\'t work outside the home. I am completely unable to do or accomplish anything beyond survival and some minor distractions, so I don\'t know how it is expected for anyone who is just barely getting by to accomplish anything.\n\nEven if I was single and childless, about the only thing I could do more would be to move overseas to a lower cost of living area and "bind" the life/time of other humans (be they NPC or otherwise) as paid assistants, cleaners, escorts, whatever.\n\nGetting to my position is part of the matrix. I was allowed to get where I am via crypto/online and just enough money to not do anything, but also not enough money to do anything all that much (if that makes sense). I\'m too old and disillusioned to benefit from making irl connections in elite undergrad/grad school, and the ones I went to were crappy places anyway where there was no benefit IRL really (aside from in hindsight showing me aspects of the matrix). So all there is for me to do is produce a very specific type of loosh that I hope some archon is getting a real hard-on over, cause otherwise it seems pointless that I can\'t even have a halfway decent convo about anything anymore online it seems.', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/', '10kj893', [['u/Space_ghostA1', 24, '2023-01-25 00:39', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/j5r32g3/', 'Maybe the world ended and all that’s left is static, your post even seems like a bunch of static', '10kj893'], ['u/PeterR110', 55, '2023-01-25 02:46', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/j5rl1co/', 'I think OP is a bot.', '10kj893']]], ['u/Solid_Competition354', 'Best place to find opinions against Bitcoin?', 12, '2023-01-25 01:19', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/', ' I believe I have become a "maxi". Where would I find good arguments against Bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/', '10kkwrm', [['u/duper12677', 20, '2023-01-25 01:45', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/j5rclyk/', 'Buttcoin. Tell them you are a maxi and you will have 87 downvotes in less than an hour. They are hilarious on how much time they will waste on something they don’t believe in. I got banned for merely telling them this', '10kkwrm']]], ['u/Vaka_Production', 'Neighbor get scammed, I tried to warn him, he dont believe me', 78, '2023-01-25 04:36', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/', 'My neighbor gets scammed by some shady banker, sadly he believes him blind and call whit him everyday to "check the status of his funds".\n\nStarted last summer whit some shady story about an investment funds where his savings where and because of bitcoin and Shiba Inu turned into a fortune. Since then he sends everyweek several hundred $ in Itunes Gift Card to him "because" his papers for his investment funds has to be renovated so the compliance has no problem whit the origin of his funds, because the platin atm card was stolen by fedex, because the fedex agend was a spy from the government who stole the card, because he need all 18 iban letters for e banking, because, because, because\n\nThis goes since months and i tried to tell him thats a scam....he dont believe me.\nShould i try it again', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/', '10kp0vp', [['u/Aunty_Fascist', 72, '2023-01-25 04:40', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s0bm5/', "It's a basic !crypto scam but you can't convince someone who doesn't want to hear what you have to say. He'll figure it out eventually. Hopefully he won't be entirely broke by then.", '10kp0vp'], ['u/Vaka_Production', 21, '2023-01-25 04:44', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s0toh/', ">Hopefully he won't be entirely broke by then.\n\nOh dear, this sentence will age like wine, I am very sure, if not I swallow a full bottle of castor oil and camp on the toilet without complaining.", '10kp0vp'], ['u/HaoieZ', 18, '2023-01-25 04:47', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s15nl/', "You can lead a horse to water, my friend. \n\n&#x200B;\n\nIf he won't listen, that's not on you.", '10kp0vp'], ['u/Narrow_Conference_12', 23, '2023-01-25 05:25', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s5sk6/', "I think he's in denial and maybe he's desperate to prove he's not being scammed.", '10kp0vp'], ['u/Fluid-Wait8809', 11, '2023-01-25 06:18', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5sbkk7/', 'Show him a YouTube video of how scammers make people send money through Apple gift cards.', '10kp0vp'], ['u/MrCrix', 13, '2023-01-25 09:32', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5ss2e5/', 'As someone who has had to do that before going to get medical tests done before, this is not something someone unsure would bet lol.', '10kp0vp'], ['u/AccountNo007', 27, '2023-01-25 10:52', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5sxpij/', "My solution when dealing with people that don't want to hear what I say is to just drop them from my life. It is a waste of effort to deal with someone that refuses to listen. So I will go my own way and leave them to their own life, because their life is ultimately not even my problem. I would rather focus my efforts on making my life better, and achieving my life goals. That's a better use of my effort than wasting it on someone who refuses to listen to what I have to say.\n\nEDIT: to the mystery people that upvoted this, I appreciate the support! We all know that it is pointless to debate with Big Loser. So throwing his ass out of my life was the smart choice.\n\nEDIT: I just pinned this on gab. I think that was good advice. 👍", '10kp0vp'], ['u/Mariss716', 10, '2023-01-25 11:24', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5szzf5/', 'The “banker” should be a registered advisor then? It’s a licensed industry. And they would certainly never recommend crypto, nor take gift cards.', '10kp0vp'], ['u/Archdemon2212', 12, '2023-01-25 12:16', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5t3wn9/', "Since this is a so called investment bank scam ask your neighborhood to take out like 10 dollars or something from this.\n\nMost scammers won't and by then he/she might realize that its a scam since he cant even take out a small amount of money\n\nAnd if they give him then say oh i meant 100 dollars \n\nBut since its with gift card and all its a slim chance since scammers use those cards for a reason", '10kp0vp'], ['u/Vaka_Production', 12, '2023-01-25 12:48', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5t6kyc/', 'That could be a good answer because he already took out a lot of loans from his friends, i think if he admit that he si wrong he will basically exiled from his friendgroup', '10kp0vp']]], ['u/fetushippo', 'DCA out strategies', 16, '2023-01-25 04:58', 'https://www.reddit.com/r/CryptoCurrency/comments/10kpgct/dca_out_strategies/', 'Hey all just wondering what are your guys exits plans \nI know Diamond hands and all and what not but really everyone is gonna start taking profits once we start making some huge gains .\nSo just wondering what is your guys exit points ? \nSay for example you guys hold one btc or 1 eth at what point are u guys gonna exit ?\nRide it out all the way to the next bear maybe 2025 or 2026 to keep staking and earning passive income or sell here and there and then buy back later at the next bear? Or sell all and buy back? \n\nPersonally I’ll prob sell off most of my portfolio once I hit a nice gain but I’ll keep as much as I can in to stay around my goal of 10 dollars per day of passive income which is my personal next goal to achieve .', 'https://www.reddit.com/r/CryptoCurrency/comments/10kpgct/dca_out_strategies/', '10kpgct', [['u/Odysseus_Lannister', 10, '2023-01-25 05:02', 'https://www.reddit.com/r/CryptoCurrency/comments/10kpgct/dca_out_strategies/j5s32yg/', '% out at predetermined price points. I choose weird numbers because nice round numbers tend to be a psychological barrier. An example would be like:\n\n• 10% out at 28k\n\n• 15% out at 36k\n\n• 10% out a 45k\n\n• pick your points but I usually keep 10-20% of my coin just in case things go nuclear.', '10kpgct'], ['u/SmallReflection2552', 14, '2023-01-25 05:25', 'https://www.reddit.com/r/CryptoCurrency/comments/10kpgct/dca_out_strategies/j5s5sfz/', 'Every time something doubles I sell half.', '10kpgct'], ['u/Mysa21', 10, '2023-01-25 06:45', 'https://www.reddit.com/r/CryptoCurrency/comments/10kpgct/dca_out_strategies/j5se904/', 'I’m sure I’m not the only one here, but I’m not very clear with my exit strategy yet. \nI’m still in the dca process and can’t think god how to dca out', '10kpgct']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, January 25, 2023', 40, '2023-01-25 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/', '10kqldp', [['u/autistictheory', 17, '2023-01-25 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5sapg6/', "i don't see any difference between this sideways action and the previous sideways action from last week.\n\nI think we go for the 25k test before the end of the month.", '10kqldp'], ['u/moroi', 11, '2023-01-25 08:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5sl5ku/', 'Good luck to your overleveraged long, brother.', '10kqldp'], ['u/Super_Extreme', 12, '2023-01-25 08:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5smkt2/', 'Does this moonboy talk mean the current pump is over?', '10kqldp'], ['u/bittabet', 10, '2023-01-25 08:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5spmtm/', 'Bearflag on lower timelines now with volume dropping as the price creeps up. More likely to break down than up right now.', '10kqldp'], ['u/thomask02', 15, '2023-01-25 10:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5svv1u/', "Three scenarios here:\n\n\n1) Bear market has ended, the sky is the limit and BTC will smash every resistances without any major retracements.\n\n\n2) Bear market has ended, and the bulls need to defend a new low that bears still try to form (anything above the lows of 15k).\n\n\n3) Bear market has not ended yet, this is an exit pump and eventually we're going to see new lows.\n\n\nIn two of these scenarios we're bound to go lower. I think the second one is more likely though, and the bulls need a new higher low.", '10kqldp'], ['u/RobCali509', 11, '2023-01-25 10:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5sw3o1/', 'It’s not 2024, it’s a bear market rally.', '10kqldp'], ['u/marsh2907', 12, '2023-01-25 10:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5sxnib/', '1) BTC has never done that until breaking the previous ATH of the cycle before. \n\n2) Most likely scenario and nothing goes up in straight line unless you want to come back down very quickly. Goes up in Waves. \n\n3) If the case would make it the longest bear market in BTC history.', '10kqldp'], ['u/ChadRun04', 17, '2023-01-25 11:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5sym5p/', "A bear market can end before a bull market begins.\n\nMarket regime doesn't have to jump from one trend to another trend as if they were binary.", '10kqldp'], ['u/thewardser', 13, '2023-01-25 15:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5tm9b4/', 'we are at the support point for continuation or death\n\nMA7 1-day and the bottom of bollinger band for 4H\n\nif we bounce here, $25K is next', '10kqldp'], ['u/xtal_00', 16, '2023-01-25 16:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5tw79d/', 'Bank of Canada announced 25 bps increase.', '10kqldp'], ['u/BootyPoppinPanda', 13, '2023-01-25 17:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5ubrt5/', 'If btc could just be boring at 250k, that be grrreeeatt.', '10kqldp'], ['u/BootyPoppinPanda', 23, '2023-01-25 18:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5udq68/', "It's a different kind of suck that I'd like to explore", '10kqldp'], ['u/Westbrook_Level', 24, '2023-01-25 19:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5unxy6/', 'For the macroors-\n\n>The stock market is far more likely to be a leading indicator for when a recession starts and stops. Equity prices typically point to the risk of a recession seven months before it starts and bottom out five months before it ends, according to data since World War II compiled by research firm CFRA.\n\nand\n\n> The gap in calling the start of recessions has led to the situation where some recessions are announced as having begun once they are, as it eventually turns out, already over. For example, the last recession was declared on June 8, 2020 as having started in February 2020. However, in July 2021, it was declared as having been over in April 2020—two months before it was said to have begun.\n\nI see a lot of people that seem to think it works like- recession declared, stocks tank for a year. I think this is one of those cases where a little bit of knowledge can really hurt you.', '10kqldp'], ['u/DamonAndTheSea', 12, '2023-01-25 20:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5uziqw/', 'To add to this, there seems to be some broad consensus that the [market can’t move up again until the FED drops interest rates,](https://www.tradingview.com/x/onITKzOZ/) but a cursory glance at the charts says otherwise. Every prior rate hike since the 90’s has been accompanied by growth in traditional markets. Every single prior rate cut has been accompanied by a severe draw down. This is the first time in recent history where the FED is raising rates while stocks plummet. \n\nMost interestingly: Periods where the FED halts at the terminal rate, or the reduced rate tend to be highly correlated with growth - I suppose the market likes stability and flat is stable. To this end, we may see a short term boom in the market when the FED levels off at the terminal rate which should happen presumably before the summer.', '10kqldp'], ['u/Cadenca', 15, '2023-01-25 21:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5v6jrh/', "I have so much PTSD from 2022 that it's been mindblowing to see all these dips being bought in 2023. I was SURE today would be a chance for some nice red, but no. It's like someone flipped a switch January 1", '10kqldp'], ['u/ChadRun04', 13, '2023-01-25 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5v8uqb/', '> Equity prices typically point to the risk of a recession seven months before it starts and bottom out five months before it ends\n\nIt\'s almost like *"2 quarters of negative growth"* is a lagging metric, by I don\'t know, something like a little more than 5 months.', '10kqldp'], ['u/xtal_00', 11, '2023-01-25 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5va1jy/', 'Coin wants up.', '10kqldp'], ['u/zberg69420', 11, '2023-01-25 22:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vhecj/', 'Shit, this chart has some upward pressure behind it. Every time I think "I should have scalped it this time" I come back and its already back up. Nice\n\nEdit: also, damn if someone is really trying like hell to keep this thing from passing 23. Feels like its going to slingshot up when it finally goes', '10kqldp'], ['u/RetardIdiotTrader', 11, '2023-01-25 22:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vkf30/', "We're breaching $25k this weekend.", '10kqldp'], ['u/AccidentalArbitrage', 10, '2023-01-25 22:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vldso/', "Tag, you're it!", '10kqldp'], ['u/DEEPFIELDSTAR', 14, '2023-01-25 22:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vledm/', 'Lmao shorts faked the fuck out. I told you shorting here was suicide.', '10kqldp'], ['u/PolarNimbus', 12, '2023-01-25 22:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vni9p/', "Triple wick bottom at 22.4 on the 1hour. I think this is going to be a leg up, see y'all at 24k.", '10kqldp'], ['u/kinghajj', 12, '2023-01-25 22:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vo93y/', 'Arise! Arise, Bitcoin, arise!', '10kqldp'], ['u/EmotionalParsley', 11, '2023-01-25 22:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vp0ia/', 'Got back in around 22.8 for the low low price of a bit of chop and a serving of humble pie. Not letting low time frame noise shake me out from here on out, this trend is ridiculous.\n\nedit - fucked up price', '10kqldp'], ['u/FemtoG', 12, '2023-01-25 22:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vp3a5/', 'was absolutely not expecting this... BTC slapped the pullback in the face, sorry to all the shorts cause my sentiments were definitely with you', '10kqldp'], ['u/xtal_00', 18, '2023-01-25 22:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vp63q/', "Took profit here. (\\~23650) 48% gain on trade. Scotch tonight.\n\nWanted to see PA above 23300; I'll let this sort itself out now.\n\nSame pattern may ladder up to 25k.", '10kqldp'], ['u/xtal_00', 10, '2023-01-25 23:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vr5wb/', 'Lol, thanks shorty. Scalped a million sat bonus on that wick.', '10kqldp'], ['u/Outrageous-Net-7164', 12, '2023-01-25 23:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vrmo0/', 'I ain’t getting this 12k bitcoin am I', '10kqldp'], ['u/dopeboyrico', 20, '2023-01-25 23:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vs2ck/', '[Looks like we’re in the disbelief stage.](https://ritholtz.com/wp-content/uploads/2010/06/Psychology-of-Market-Cycles.jpg)\n\nWe’ve had a solid run up >30% in the past couple weeks. Once the August local high of $25.1k is broken we’ll be in the hope stage again.', '10kqldp'], ['u/bittabet', 10, '2023-01-25 23:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vsnr3/', "Really hoping it guns for $24K. Seems to be trying to retest 23.3K, don't know if it's somehow linked to tradfi or what.", '10kqldp'], ['u/Lornd', 14, '2023-01-25 23:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vtbnk/', '🔫🧑\u200d🚀 you never were', '10kqldp'], ['u/DamnMyAPGoinCrazy', 12, '2023-01-25 23:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vx1vv/', 'The whole market is like 3 MMs moving prices around and liquidating both sides', '10kqldp'], ['u/bittabet', 22, '2023-01-25 23:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vx3i3/', 'Wow holy shit it retraced the entire breakout. lol', '10kqldp'], ['u/RetardIdiotTrader', 15, '2023-01-25 23:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vxbjl/', 'I blame this on you going long earlier', '10kqldp'], ['u/roadworn', 16, '2023-01-25 23:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/10kqldp/daily_discussion_wednesday_january_25_2023/j5vy6pq/', 'Just STARTING???!!!', '10kqldp']]], ['u/Sequetjoose', 'Apparently Bapa stans want to see bapa "face fuggg" us on TV.', 186, '2023-01-25 06:23', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/', "Bapa's fans didn't like cat's replying to Bapa's sad post. BitcoinBilly the Beaver IS NOT allowed to dine at any Changs location.", 'https://i.redd.it/xg1t8csh16ea1.jpg', '10kr0c1', [['u/facepunchedselfie', 92, '2023-01-25 06:48', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sejbl/', 'Bitcoin Billy. Hallmark Henry. Bapi Gringo.\n\nAs the great Dana White said “makes sense”', '10kr0c1'], ['u/BCampbellCEOofficial', 20, '2023-01-25 06:58', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sfht2/', 'Can we nominate a champion?\n\nBig sexy would be down but I think we might have better luck with nate, Darren Till or basically a pick em of heavyweight fighters.', '10kr0c1'], ['u/Sequetjoose', 27, '2023-01-25 07:00', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sfq61/', 'Alex Pereira, B.', '10kr0c1'], ['u/xanarchycampx', 162, '2023-01-25 07:04', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sg3xv/', 'We discuss shit that Schwob actually does. His fans need to come up with fantasies about him doing awesome stuff.', '10kr0c1'], ['u/Its_Poo_Man', 81, '2023-01-25 07:07', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sgecr/', 'Fan base does not disappoint 🤣', '10kr0c1'], ['u/Rabid023', 22, '2023-01-25 07:12', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sgtza/', 'Gawd dawlg this dude here sounds like a winner fer sure. Leave marketing up to him.', '10kr0c1'], ['u/Ok_Ticket2424', 19, '2023-01-25 07:20', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5shjd0/', 'Is that nithe?', '10kr0c1'], ['u/Sequetjoose', 11, '2023-01-25 07:22', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5shpwx/', 'Bilbo Beaver is the bess brains for the arts.', '10kr0c1'], ['u/used_bmw_money', 27, '2023-01-25 07:23', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5shrsu/', 'Be cool man. You wanna psoriasis mark on your forehead b?', '10kr0c1'], ['u/used_bmw_money', 14, '2023-01-25 07:24', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5shx3e/', 'Idiots, Losers and Haydeful People (TFATK rebrand)', '10kr0c1'], ['u/Sequetjoose', 12, '2023-01-25 07:29', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sic5t/', 'Define bullying', '10kr0c1'], ['u/AllDamDay7', 13, '2023-01-25 07:29', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sicc3/', 'Make it a slap fighting competition. I am sure Bapa came up with that idea before Dana anyway 😉', '10kr0c1'], ['u/Sequetjoose', 14, '2023-01-25 07:33', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sioyi/', '"I have an idea for a show like bully beatdown. Call it \'Schaub V Trolls\'" Bapa about to hire this guy to replace Marggg in Margggeting.', '10kr0c1'], ['u/Former-Squash-6523', 22, '2023-01-25 07:37', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5siz9p/', 'As much as i hate brenda this won’t happen b, all due respect', '10kr0c1'], ['u/Sequetjoose', 10, '2023-01-25 07:40', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5sj91d/', "Vocabulary isn't on par. One thing Old Mufassa has going is a relatively diverse vocabulary. He is smarter than Bapa. This redact isn't.", '10kr0c1'], ['u/Southofsouth', 12, '2023-01-25 09:54', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5stnzs/', 'There will be reaper cushions', '10kr0c1'], ['u/DJScratcherZ', 24, '2023-01-25 13:10', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5t8lth/', 'Of course his fans have diggs in the front of their mind and on the tip of their tongue. They are all deep in the closet selling comic books with digg breath.', '10kr0c1'], ['u/willywawa', 11, '2023-01-25 15:14', 'https://www.reddit.com/r/thefighterandthekid/comments/10kr0c1/apparently_bapa_stans_want_to_see_bapa_face_fuggg/j5tmq2i/', 'Thicccers', '10kr0c1']]], ['u/IamMyBrain', "It's been fun!", 99, '2023-01-25 06:34', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/', 'Hey all, just gonna pop in here cause a couple people asked about if I was gonna have any links to stuff I make in the future not related to the McElroys. I think I\'ll try and give this making stuff an honest try.\n\nI\'ve gone ahead and "converted" /r/iammycirclejerk into just a regular subreddit that people can post on. \n\nI also got convinced to make a twitter account even though I\'m pretty sure that website is running on bitcoins fumes at this point. https://twitter.com/IAmMyRealBrain\n\nI\'ll still lurk here and all that, but honestly I think the plan from the beginning that I was gonna scale back after I made Travisty. It really was meant to be an encapsulation at the end of the day. I\'ve had my time in the sun, it\'s time for a new generation of jerkers to take center stage (or we could all just get normal hobbies... but that sounds hard so probably not)\n\nThanks for the kind words, hope y\'all have a good one.', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/', '10kr793', [['u/awbeansdittoscraps', 60, '2023-01-25 06:57', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5sfe31/', 'this sub’s brain has left the building :(', '10kr793'], ['u/thedeepseapickle', 25, '2023-01-25 08:12', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5slx4z/', "I only joined this subreddit after watching yours then Sarah Z's video (because you recommended it), but I think you'll be right about new jerkers and new hobbies.\n\nTo new podcasts, and to new videos!", '10kr793'], ['u/SnakeInABox7', 16, '2023-01-25 11:24', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5szzgv/', "As someone who jerked about your constant postings, I'm sad to see you leave.", '10kr793'], ['u/Aquatic_Hedgehog', 13, '2023-01-25 11:49', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5t1udo/', 'Free of the meat suit....... free of the jerk............ godspeed brain.', '10kr793'], ['u/bcustead', 54, '2023-01-25 12:14', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5t3sjq/', 'It is prophesized that /u/IamMyBrain will return at the end of days when MBMBAM finally does not mention any food.', '10kr793'], ['u/monkspthesane', 16, '2023-01-25 15:52', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5ts6bh/', 'Going out on top! Not like the rest of us, hanging around long after our sell-by date, like so much season 30 Simpsons.\n\nGodspeed, King.', '10kr793'], ['u/weedshrek', 30, '2023-01-25 17:58', 'https://www.reddit.com/r/TAZCirclejerk/comments/10kr793/its_been_fun/j5ubq2z/', "This is not the McElroy way. Get back here and milk this until both you and I are desperately tired of it and both wish you'd stop, but while knowing deep down you won't", '10kr793']]], ['u/BeetleButt69', "Switzerland's slippery SOL hole. The rabbit behind the 0.", 202, '2023-01-25 06:40', 'https://www.reddit.com/r/Superstonk/comments/10krarg/switzerlands_slippery_sol_hole_the_rabbit_behind/', '**I\'m considering this speculation unless verified by wrinkles, but I will try.** \nSo I\'ve been waiting a while to post this. Poke holes pls. Actually really tried on this. I will try to show that the Solana token was *the* token traded on FTX & others even with a 0 supply & still trading. This will be a packed post. But everyone else had a shot with the tokens, Mom said it\'s my turn. \n\n[Right under their watch too. ](https://preview.redd.it/hoer4n2ng4ea1.jpg?width=840&format=pjpg&auto=webp&v=enabled&s=bd15603b268938f2cdc29e610799d95e0276d3e2)\n\nFinally I can just make a post about this stupid token exactly where I wanted it. I\'ll be real with you guys though, I am *super* smooth, and my crypto knowledge is just...okay. I am not a professional and this is definitely not financial advice. DRS & Book your Switz. \n\n\n**TL:DRS;** The Solana Tokenized GME that was created by Digital assets AG (FTX/K\'DNA) & CM Equity was traded on FTX, Bittrex, Binance & Defichain. Token was minted with 0 supply but still traded/trades on exchanges and DEX using token trading pairs. I\'m convinced it\'s tied to the FTX token that is still trading. \n\n\nOk so a token with 0 supply on SOL. I\'m not that great at exploring a blockchain but as far as I can tell it was minted & many Associated token addresses created. If someone does know their way around Solana have at it **please**. But everything DA AG & CM Equity touches have a 0 supply & used as token pairs. \n\nThis is the contract address & possible associated accounts that I\'ve of the Solana GME token. \nContract: Ac2wmyujRxiGtb5msS7fKzGycaCF7K8NbVs5ortE6MFo \nAssociated addresses? \nASFprQYC3LnN34ke8sLJfdP7Qjk6y5Dj7L8PqxMMc1de 5evWL1dxiHe7hZvw9M5LMrrovdDHxTneWbPAAedPYea8 EMPFkUppSqu39WW1RheNTTVNN5zkBiuaZnfxpNx5rcbx CN3SUYuZv9KmM8gz98wSCtxHrViwaodXwUmeFQB5mJ4P EMPFkUppSqu39WW1RheNTTVNN5zkBiuaZnfxpNx5rcbx \nI believe each correlate to a new trading pair/exchange & I know that the address is meant to tell you where it could be but I just couldn\'t. \nFTX \nBinance \nBittrex \nDefichain \n(Coinbase?)\n\n[Used SolanaFM](https://preview.redd.it/16byj5vmw3ea1.png?width=717&format=png&auto=webp&v=enabled&s=d251f8c826873c3279deeaca0cdcfa7c8ba2399a)\n\nDid I stop at 0? Pfff no. I went off to dig at the connections off chain because it bothered me & I couldn\'t shake it. I have to walk through this the best I can for it all to connect, and mostly by who\'s involved with the Issuers. \nBenzinga (ew) of all things actually tells a lot and makes a good launching point for this. \n\nGoing to cop/paste to not give clicks, link for proof: [~~https://www.benzinga.com/markets/cryptocurrency/21/06/21697601/tokenized-tesla-netflix-facebook-stocks-coming-on-ftx-platform-via-solana-blockchain~~](https://www.benzinga.com/markets/cryptocurrency/21/06/21697601/tokenized-tesla-netflix-facebook-stocks-coming-on-ftx-platform-via-solana-blockchain)\n\n**Tokenized Tesla, Netflix, Facebook Stocks Coming On FTX Platform Via Solana Blockchain**\n\nby Shivdeep Dhaliwal, Benzinga Editor June 24, 2021 9:29 AM\\*"Tokenized versions of popular stocks such as\\* ***Tesla Inc*** *TSLA* *and* ***Facebook Inc*** *FB* *will be available for trading on FTX through infrastructure made available by Swiss firm Digital Assets AG or DAAG using the* ***Solana*** *SOL/USD-0.60%+* *blockchain, the latter said in a statement.* ***What Happened:*** *Digital Assets said that, at the onset, 55* ***free-floating stocks****, including*\xa0***Netflix Inc*** *NFLX*\\*,\\* ***Alphabet Inc*** *GOOGL* *GOOG* *and*\xa0***Nvidia Corporation*** *NVDA*\\*, will “be available exclusively on FTX. The tokens, at launch, will be available for KYC’d buyers and sellers in permitted jurisdictions only. The tokens are valid in the European Economic Area and the securities prospectus has been endorsed by the Financial Market Authority of Liechtenstein, as per the statement.\\*\xa0***Sam Bankman-Fried***\\*, founder and CEO of FTX, said the launch would "help facilitate a paradigm shift in the underlying market structure."\\* ***Why It Matters:***\xa0*Tokenized stocks already exist, including from DAAG, but the firm says the launch on Solana blockchain will solve many existing pain points."Currently, tokenized stocks can be traded on a singular entity such as an exchange or private blockchain and only give users the option to open or close positions, but are restricted by constraints such as the inability to make withdrawals, or transfer cross-chain or to an external party," DAAG said in a statement. With the latest launch,* ***all centralized and decentralized exchanges built on Solana will be able to add tokenized stock trading to their platforms****, the firm added.* ***Brandon Williams***\\*, corporate development lead at Digital Assets, said\xa0Solana will make for a "much more efficient, and cost-effective environment for the trading and utilization of tokenized stocks.” The tokens, at launch, will be available for KYC’d buyers and sellers in permitted jurisdictions only. The tokens are valid in the European Economic Area and the securities prospectus has been endorsed by the Financial Market Authority of Liechtenstein, as per the statement.\\*\xa0***Patrick Gruhn***\\*, chief legal officer at Digital Assets Group, told Benzinga that tokenization is important because tokenized stocks can be used in Decentralized Finance, or DeFi, space.\\*\xa0*Gruhn told Benzinga that individual\xa0tokens represent the underlying shares and serve as financial instruments with an assigned ISIN, or International Securities Identification Number. “Many tokens in the crypto space represent something the same e.g. stablecoin like USDC, also those \\[tokens represent\\] the underlying (USD) while in our case they represent the actual shares.” On how investors can be sure if a stock token is what it claims to be, Gruhn said, the “endorsed prospectus by the regulator makes the hedging with a collateral mandatory and additionally DAAG will provide audit reports to the community.” Digital Assets offers tokenized stocks through the* ***FTX***\\*,\\* ***Binance***\xa0*and* ***Bittrex*** *Global exchanges. It is noteworthy that Solana is backed by FTX CEO Bankman-Fried and his trading firm* ***Alameda Research*** *has been* *investing in the platform* *since its early days."*\n\n**FTX,Binance,Bittrex + DEX.** \n***All centralized and decentralized exchanges built on Solana will be able to add tokenized stock trading to their platforms.***\n\nI\'m going with Bittrex for now. It tells a lot more about who\'s involved than the FTX site. As far as I\'m aware this was their only Tokenized stock issued by Digitals Assets (FTX) & CM Equity. Still 0 supply. They no longer support the tokens but are guilty for being involved. \n\n\n[Used Stelareum cliff at 04\\/17\\/2022](https://preview.redd.it/ij92kdfox3ea1.png?width=556&format=png&auto=webp&v=enabled&s=429ea91243e86bf07751f5d4c03f45915743cff2)\n\nLast recorded;\n\n Volume (H24) $139.051K \n Volume (7D) $973.360K \n Volume (30D) $4.172M \n All Time High $350.00 \n Market Cap Dominance 0.00% \n\nFrom Bittrex\'s site FAQ, \n**What exactly is traded on Bittrex Global?**\n\n"Bittrex Global itself lists tokens that represent derivative contracts collateralized by the underlying traditional equities. These tokens are **backed by shares of stock** powered by CM-Equity AG (“CME”). The parties involved in the lifecycle of the tokenized stocks are:\n\n(a) Customers, who acquire an interest in a tokenized stock through Bittrex Global;\n\n(b) Bittrex Global (Bermuda) Ltd., who provides the Bittrex Global exchange for customers to trade their interests in tokenized stocks;\n\n(c) Alameda Research Ltd. (“Alameda”), who is granted a line of credit evidencing the digital derivative representation of the equivalent financial interests in the underlying traditional securities represented by the restricted digital tokens held by Alameda in its account with CME;\n\n(d) CME, who purchases the underlying securities through Interactive Brokers, LLC, and maintains the restricted digital token representing the financial interests in the underlying traditional securities in the account of Alameda; and\n\n(e) Interactive Brokers, LLC, who holds the underlying securities in a custodial account for and on behalf of CME.\n\nTokenized stocks cannot be withdrawn from Bittrex Global or redeemed for the underlying shares. In the future, there may be ways to withdraw the tokens from Bittrex Global or redeem the tokens for the underlying stocks.\n\nFor now, there are only spot markets. There is a possibility that other products may be listed in the future."\n\nUnfortunately I can\'t find anymore information on Alameda & Interactive Brokers involvement yet. I can only imagine what shit hides there. \n*Back to ze token* \n\nSo the same token with a 0 supply was still trading on Bittrex at the time without leaving the trade data on the SOL chain. Meant to be backed 1:1 but instead we got trading pairs, \nBittrex GME/BTC \nBittrex GME/USD \nBittrex GME/USDT \nFTX GME/USD \n\n\nOnto FTX now. Since Digital assets & CME issued the SOL Tokenized GME to Bittrex and FTX shares the same issuers insert (It\'s the same picture) meme. So I\'ll keep this part short.\n\n[Using Bitdegree for this ](https://preview.redd.it/u8o1g3mk44ea1.png?width=1175&format=png&auto=webp&v=enabled&s=5cb221bc0ac93c7c005720c3e577e5112ad6c81b)\n\nGME/USD \nVolume (H24) $3,772 \nMarket cap -- \nSupply -- (0) \n"Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available. Learn this metric --" \n\n\n(So a fat unreported 0 supply. Again.) \n\n### What are the best exchanges for buying and selling GME?\n\n"Currently, the most active and dominating exchanges for buying and selling GameStop tokenized stock FTX are **Binance**, **Kraken** & **Kucoin**. The most popular **GameStop tokenized stock FTX** trading pairs are **GME/DUSD** (on D**eFiChain DEX**)." \nI couldn\'t find it on Kraken or Kucoin but they were mentioned still, not verified. \n\n\n[FTXGME\\/DUSD pair on Defichain.](https://preview.redd.it/2pkzb8mw74ea1.png?width=1507&format=png&auto=webp&v=enabled&s=53b509cf0abad9c45437d03275e58f5fc1ad50fe)\n\nSo I went ahead and created a Defichain wallet (You\'re welcome) to check their trading pair. It was interesting given the context of this token. \n\n\n[Had to do the mobile wallet. ](https://preview.redd.it/ulga746594ea1.png?width=269&format=png&auto=webp&v=enabled&s=7a9a8a72fd8425a262692fe7171574fff2548acb)\n\nVolume FTX (H24) $3,772 \nVolume Defichain (H24) $3,593 \nLiquidity $2,114,254.72 \ndGME pooled. 52,843 \nFTXGME/DUSD \nImportant because once again, 0 minted but 52k tokens pooled. \n\n[Minted 0](https://preview.redd.it/f651bs74a4ea1.png?width=1508&format=png&auto=webp&v=enabled&s=8be46d93f1a6c56195ee3cf4704e022110d4aa3a)\n\n# Who helped mint? Non other than Coinbase. \n\n[Minted 0](https://preview.redd.it/a8k7fi1ia4ea1.png?width=1511&format=png&auto=webp&v=enabled&s=eaa25b73cdc7d7e067c7eca63a7641d3cd7931b3)\n\n**It\'s currently trading on DeFichain.** \nI haven\'t even touched Coinbase yet. Feel free. \n\n\nWhich leaves Binance. Who like Bittrex doesn\'t support the tokens anymore. Still guilty. \nFrom yahoo again don\'t want to give clicks, not posting the whole article but the important chunk for this. Link for proof; [~~https://finance.yahoo.com/news/binance-launches-stock-tokens-german-115000093.html~~](https://finance.yahoo.com/news/binance-launches-stock-tokens-german-115000093.html) \n" Binance, the global blockchain company behind the world\'s largest digital asset exchange, today announces the launch of zero commission tradable stock tokens to broaden access across traditional capital and cryptocurrency in cooperation with CM-Equity AG, a licensed investment firm in Germany, and Swiss-based Digital Assets AG, an asset tokenization platform. Each digital token represents one share of equity stock and is fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. Users will be able to trade fractional tokens. *We are a team of people-focused entrepreneurs, capital market specialists, software engineers and financial regulatory experts. Our combined expertise is behind the launch of our stock tokens. CM-Equity AG and Digital Assets AG, as the engineers of the product, are pleased to pioneer an innovative experience on the Binance platform. This new kind of token combines different asset classes that are offered in one single marketplace for instant settlement in a compliant, scalable and sound format."* said Michael Kott, CEO of CM-Equity AG." \n\n[0 supply](https://preview.redd.it/k1ijcgxnc4ea1.png?width=807&format=png&auto=webp&v=enabled&s=78f6cbdaff5a90068c732fdb495144b2a2bc1742)\n\n&#x200B;\n\nSo to kinda tie it all together. FTX, Binance & Bittrex all carried tokens from Digital assets AG & CME. **All** of them traded but with a 0 supply & it seems that way ***because*** the address(s) are being used to create new trading pairs. GME/BTC - GME/USD - GME/USDT - GME/USD - dGME/dUSD. Basically reduced to trading just on DeFichain which explains why all 3 exchanges show cliff/low vol action still. It also explains the many weird 0 supply tokens I see pop up separately on the board here & there, they share the same issuer & all not backed 1:1. They can just keep making these things leaving barely anything behind. \n\n\nIt makes sense to me. I could not convey this in comments no matter how I tried. I wasn\'t going to be satisfied until I made this post, please tear it apart. Switzerland haunts my drea...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Massachusetts Senator Elizabeth Warren had strong words for the crypto industry on Wednesday, calling on the U.S. Securities and Exchange Commission to do more to fight crypto fraud. In prepared remarksdeliveredbefore the American Economic Liberties Project, Warren said industry players are “scared of a strong SEC."\n“The SEC has brought enforcement actions against celebrity cryptopromotersfor not disclosing their compensation to the public. It has gone after the employees at exchanges like Coinbase forinsider trading. It has charged crypto crooks for defrauding ordinary investors out of millions of dollars,” Warren said—adding that the agency is just getting started.\nVarious U.S. agencies have waded into the waters of crypto along with the SEC, including the Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Federal Deposit Insurance Corporation (FDIC), and Department of Justice (DOJ)—not to mention a multitude of State agencies.\nWhile some in the crypto industry would prefer to deal with theCFTC, Warren said she believes the SEC and its chair Gary Gensler are best suited for the job. She also praised the agency forblockingBitcoin exchange-traded funds (ETFs) from hitting the market.\nSEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner\n“The commission has been loud and clear that crypto doesn’t get a pass for long-standing security laws that protect investors and ensure the integrity of our financial markets,” Warren said. “This is the right approach—the SEC has the right rules, and the right experience, and Gary Gensler is demonstrating that he is the right leader to get the job done.”\nWhile Warren sings Gensler’s praises, there are many in the space and even among Senator Warren’s colleagues inCongresswho question Gensler’s ability to do his job. The chairman has been accused of going easy on Sam Bankman-Fried and FTX and for what many call regulation by enforcement, arbitrarily picking and choosing who to go after and driving some firmsout of business.\n“The SEC needs to do even more and use the full force of its regulatory powers across the entirety of the crypto market,” Warren said, adding that Congress needs to shore up the agency with new resources and authority to ensure it can take on the industry at full strength.\nWarren pointed to the collapse of several crypto companies, includingCelsius,FTX,Voyager Digital, andThree Arrow Capital, in 2022 as another reason why the SEC and broader regulation are necessary.\nSenator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX\nWarren also called upon environmental agencies to go after crypto miners, who she accused of driving up energy costs and polluting the environment. The environmental impact of mining cryptocurrency has long been an issue that regulators cite in calls to ban cryptocurrency.\nWarren blamed regulators under the administration of former President Donald Trump for giving the premature green light to a crypto market that she called “full of junk tokens and unregistered securities, rug poles and Ponzi schemes, pump and dumps, money laundering, and sanctions evasion.”\n“The consequences of Trump’s regulator’s weakness were no surprise—by 2017, nearly 80% of allinitial coin offeringsare scams," she said. "The following year, investors lost about $9 million each day to crypto scams."\nSanta\'s Crypto \'Naughty\' List 2022\nWarren applauded the SEC’s actions against companies offering “dangerous and unregulated crypto lending products,” pointing to the recently bankrupt firm,BlockFi.\nShe also accused “crypto-friendly” banks like Silvergate of opening the banking system up to the greater risk of “crypto collapse,” which she says will leave the American taxpayers holding the bag.\n“It’s the bank regulators’ job to insulate the banking system and taxpayers from the risk of crypto fraud,” she said. “They have the tools, and they need to use them.”\nIn December, Senator Warren took aim atself-custody wallets, co-signing a bill called the Digital Asset Anti-Money Laundering Act with fellow-U.S. Senator Roger Marshall. The proposed legislation would place know-your-customer (KYC) requirements on blockchain infrastructure providers and participants operating in the United States. This requirement would extend to developers of decentralized networks, miners, and validators.\nWarren\'s remarks prefaced a virtual panel discussion titled, "Confronting the Crypto Challenge: Learning From a Meltdown."', 'Massachusetts Senator Elizabeth Warren had strong words for the crypto industry on Wednesday, calling on the U.S. Securities and Exchange Commission to do more to fight crypto fraud. In prepared remarks delivered before the American Economic Liberties Project, Warren said industry players are “scared of a strong SEC." “The SEC has brought enforcement actions against celebrity crypto promoters for not disclosing their compensation to the public. It has gone after the employees at exchanges like Coinbase for insider trading . It has charged crypto crooks for defrauding ordinary investors out of millions of dollars,” Warren said—adding that the agency is just getting started. 1:30PM: We\'ll kick off an event with @RealBankReform and @SenWarren to examine the rise and fall of the crypto industry -- and what it means for policymakers. RSVP here. You won\'t want to miss it. https://t.co/nj8xsJbPur pic.twitter.com/A1saROKeZU — American Economic Liberties Project (@econliberties) January 25, 2023 Various U.S. agencies have waded into the waters of crypto along with the SEC, including the Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Federal Deposit Insurance Corporation (FDIC), and Department of Justice (DOJ)—not to mention a multitude of State agencies. While some in the crypto industry would prefer to deal with the CFTC , Warren said she believes the SEC and its chair Gary Gensler are best suited for the job. She also praised the agency for blocking Bitcoin exchange-traded funds (ETFs) from hitting the market. SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner Story continues “The commission has been loud and clear that crypto doesn’t get a pass for long-standing security laws that protect investors and ensure the integrity of our financial markets,” Warren said. “This is the right approach—the SEC has the right rules, and the right experience, and Gary Gensler is demonstrating that he is the right leader to get the job done.” While Warren sings Gensler’s praises, there are many in the space and even among Senator Warren’s colleagues in Congress who question Gensler’s ability to do his job. The chairman has been accused of going easy on Sam Bankman-Fried and FTX and for what many call regulation by enforcement, arbitrarily picking and choosing who to go after and driving some firms out of business . “The SEC needs to do even more and use the full force of its regulatory powers across the entirety of the crypto market,” Warren said, adding that Congress needs to shore up the agency with new resources and authority to ensure it can take on the industry at full strength. Warren pointed to the collapse of several crypto companies, including Celsius , FTX , Voyager Digita l, and Three Arrow Capital , in 2022 as another reason why the SEC and broader regulation are necessary. Senator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX Warren also called upon environmental agencies to go after crypto miners, who she accused of driving up energy costs and polluting the environment. The environmental impact of mining cryptocurrency has long been an issue that regulators cite in calls to ban cryptocurrency. Warren blamed regulators under the administration of former President Donald Trump for giving the premature green light to a crypto market that she called “full of junk tokens and unregistered securities, rug poles and Ponzi schemes, pump and dumps, money laundering, and sanctions evasion.” “The consequences of Trump’s regulator’s weakness were no surprise—by 2017, nearly 80% of all initial coin offerings are scams," she said. "The following year, investors lost about $9 million each day to crypto scams." Santa\'s Crypto \'Naughty\' List 2022 Warren applauded the SEC’s actions against companies offering “dangerous and unregulated crypto lending products,” pointing to the recently bankrupt firm, BlockFi . She also accused “crypto-friendly” banks like Silvergate of opening the banking system up to the greater risk of “crypto collapse,” which she says will leave the American taxpayers holding the bag. “It’s the bank regulators’ job to insulate the banking system and taxpayers from the risk of crypto fraud,” she said. “They have the tools, and they need to use them.” In December, Senator Warren took aim at self-custody wallets , co-signing a bill called the Digital Asset Anti-Money Laundering Act with fellow-U.S. Senator Roger Marshall. The proposed legislation would place know-your-customer (KYC) requirements on blockchain infrastructure providers and participants operating in the United States. This requirement would extend to developers of decentralized networks, miners, and validators. Warren\'s remarks prefaced a virtual panel discussion titled, "Confronting the Crypto Challenge: Learning From a Meltdown."', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin regains lost ground to trade over $23K again.\nInsights:Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 bankruptcy filing prompted a "sigh of relief" among many in the crypto industry, and that bitcoin\'s short-term price prospects depend on the size of the next Fed interest rate hike.\nCoinDesk Market Index (CMI)\n1,094.26\n+48.9▲4.7%\nBitcoin (BTC)\n$23,180\n+694.7▲3.1%\nEthereum (ETH)\n$1,618\n+82.8▲5.4%\nS&P 500 daily close\n4,016.22\n−0.7▼0.0%\nGold\n$1,946\n+11.9▲0.6%\nTreasury Yield 10 Years\n3.46%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin\'s Comeback to $23K\nBy James Rubin\nA Tuesday crypto market pullback turned into a Wednesday comeback as bitcoin soared past $23,700 before retreating slightly.\nThe largest cryptocurrency by market value was recently trading at above $23,180, up more than 3.1% over the past 24 hours. BTC had sunk under $23,500 at one point Tuesday as investors reaped profits from the crypto\'s recent surges. Bitcoin has risen more than 35% largely thanks to declining inflation and economic data suggesting the economy will avoid a severe tailspin. A slew of unfavorable fourth-quarter earnings, including tech giants Microsoft and Texas Instruments and aerospace company Boeing, seemed to derail at least the latter part of that narrative by Wednesday, sending stocks lower.\n"The January stock market rally might be over and that could drag crypto lower here," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "Bitcoin could be vulnerable to a dip toward the $20,000 level if the tech-driven selloff on Wall Street intensifies over the next couple of days."\nEther followed a similar pattern to bitcoin, rising from depths near the $1,500 threshold to return to its perch earlier this week above $1,618, a 5.4% gain from Tuesday, same time. Most other major cryptos were in the green with APT, the token of layer 1 blockchain Aptos, recently up more than 48% over the past 24 hours to hit an all-time high of $18.62. APTis upover 425% since Jan. 1, according to CoinDesk data. The spike likely due to growth in non-fungible token markets on Aptos.\nOPT, the native crypto of layer 2 network Optimism, also rose to a record high of $2.34, a nearly 20% gain from the previous day. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 4%.\nTraditional markets traded sideways with the tech-heavy Nasdaq and S&P 500 down a smidgen of a percentage point as investors chewed over corporate results. On Wednesday after markets closed, electric car manufacturer Tesla beat expectations for profits and revenue but struck a cautionary note about the impact of a possible economic contraction.\nMeanwhile, crypto exchange giant Binance’s BUSD stablecoinextendedits recent declines, amid mismanagement issues involving the exchange’s pegged tokens that surfaced earlier this month, and other debacles.\nBUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko. The latest drop extended BUSD’s decline from $22 billion in early December when anxioususers scrambled to withdraw fundsfrom Binance after it botched a report about its digital asset reserves.\nThe drop has come as stablecoins\' overall market capitalization is down for a 10th consecutive month so far in January to $137 billion, according to a report by research groupCryptoCompare. Stablecoin dominance within the broad cryptocurrency market dropped to 12.4% from its all-time high of 16.5% in December, suggesting traders have been rotating from stablecoins into riskier assets, CryptoCompare said.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+10.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+9.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+8.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nLaguna Labs CEO Ties Bitcoin\'s Prospects to the Fed\'s Next Move\nBy James Rubin\nCrypto markets have risen this year largely because the industry has flushed the mischief and mayhem that sunk it in 2022 from its system, wrote Stefan Rust, CEO of blockchain technology firm Laguna Labs, in a Q&A with CoinDesk. Genesis Global Holdco LLC\'s Chapter 11 bankruptcy filing earlier this month provided a capstone, Rust wrote. Genesis is the holding company of troubled cryptocurrency lender Genesis Global Capital. (Genesis is also a subsidiary of Digital Currency Group, which is CoinDesk\'s parent).\n"All the baggage from 2022 has been closed out with the filing," he wrote. "This prompted a sigh of relief among many in the industry."\nRust was cautious about bitcoin\'s near-term prospects, which he pinned on the size of the next interest rate hike by the U.S. central bank. He was more sanguine about ether. "ETH to $10,000 by the end of this year retains the deflationary momentum," Rust wrote, in the course of answering four questions about crypto markets.\nCoinDesk: Has the recent decline in inflation and investor hopefulness about the size of the next interest rate hike driven the recent market upturn? What other factors have been involved?\nRust:A growing expectation that interest rates won\'t rise at 50 basis points is definitely helping and giving investors confidence. However, I don\'t think that\'s the main driver. Crypto has gone through 400 days of a bear market and a lot of the true believers are seeing that the financial markets and decentralized finance institutions have pulled out so much so that even the DCG/Genesis/Gemini saga has not had any impact in the market. That is the main driver of the pump: the fact that all the baggage from 2022 has been closed out with the filing of Chapter 11 for Genesis. This prompted a sigh of relief among many in the industry – particularly those in decentralized finance where the opportunity for transparent verifiable finance is manifest.\nWill we hold support at around $22.9K as the market seems to be trying to establish or do you anticipate a retreat? Why?\nI\'m not sure whether we will hold that support, especially if interest rates go up by 50 basis points, which we at Truflation are predicting given recent CPI numbers – given that wage inflation was 6.6% and unemployment is still at 3.5%. All those factors lead us to believe that US interest rates will go up by 50 basis points at the next FOMC meeting next week despite the fact there now seems to be a belief in the market for another result. If you look at the numbers, inflation is not yet under control.\nWhat are your expectations for ether\'s price and other major tokens?\nBig tokens, especially bitcoin, and any ether are going to do well. We\'re going to see a faster recovery in the crypto markets than we will see in the traditional finance market. ETH is now deflationary while the chain is seeing hugely increased activity on top of Ethereum developer engagement, faster improvements to the Ethereum network itself, and faster settlement associated with all of the activities. Despite the unlocking of staked ETH coming in with the Shanghai release, a lot of people would be surprised how a large portion of the staking will remain staked. It might move across to liquid staking derivatives that have been a burgeoning market across the Ethereum DeFi ecosystem. ETH to $10,000 by the end of this year retains the deflationary momentum: less supply, more activity, and faster circulation require better value and more distribution to drive digital exchange and digital trade across the Ethereum Blockchain layer 1 and layer 2\'s.\nYou recently noted Binance\'s growing number of transactions and engagement. But does the increasing amount of scrutiny of exchanges present a threat to the crypto industry this year?\nBinance has three or four different entities. It has Binance US, Binance international, and the BNB chain. Binance US is going through the regulatory framework as any other US exchange, while Binance international is already licensed in multiple jurisdictions around the world, and like any large tech company will be scrutinized the very same way that Google is scrutinized, Microsoft is scrutinized and Amazon is scrutinized. All big tech companies always get scrutinized so I think there is no difference in the way that Binance will be scrutinized for this.\nComing to decentralized finance, the BNB chain has a different infrastructure, it is a different beast and has large transaction volume, extremely cost-efficient transaction fees, and fast speeds. Is it fully decentralized? No, but we\'re seeing the same with Polygon. Distribution is the name of the game. You can focus on decentralizing over time as long as you iron out the kinks and as long as you start the distribution of a decentralization strategy and you\'re seeing that take place with Polygon and Binance.\n12:30 p.m. HKT/SGT(4:30 UTC)United States Durable Goods Orders (Dec)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Gross Domestic Product Annualized (Q4)\n10:30 p.m. HKT/SGT(14:30 UTC)Tokyo Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin\'s Next Move; How European Crypto Firms Are Getting Ready for Sweeping Legislation\n"Policy Week" continued at CoinDesk with comprehensive reporting on the state of crypto regulation. Crypto Council for Innovation Chief Global Regulatory Officer Linda Jeng joined "First Mover" to explain how looming European regulation may impact crypto firms. Plus, Prosper Trading Academy Cryptocurrency Educator Howard Greenberg shared his outlook for bitcoin and Ethereum Protocol Reporter Margaux Nijkerk had the latest details on the Shanghai upgrade. Separately, QuickNode CEO Alex Nabutovsky discussed his company\'s latest $60 million raise.\nIrish Central Bank Chief Calls for Ban on Crypto Advertising, Bloomberg:Gabriel Makhlouf said crypto has "no social value whatsoever" during a parliamentary session in Ireland on Wednesday.\nLayer 1 Blockchain Aptos Token Reaches All-Time High:APT has been surging since the start of the year, but some traders expect the rally to be short-lived.\nDYDX Token Surges as Unlock Gets Delayed Until December:Next month\'s 150 million-token unlock has been reduced, with 83 million tokens allocated to investors being locked until December.\nPantera, Jump Crypto Back $150M Injective Ecosystem Fund:The initiative will support financial apps developed to work across blockchains based on the Cosmos system.\nCanto DEX Trading Volume Soars 200% Ahead of Proposals to Upgrade Network:The price of Canto\'s token has tripled since Jan. 1.', 'Good morning. Here’s what’s happening: Prices: Bitcoin regains lost ground to trade over $23K again. Insights: Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 bankruptcy filing prompted a "sigh of relief" among many in the crypto industry, and that bitcoin\'s short-term price prospects depend on the size of the next Fed interest rate hike. Prices CoinDesk Market Index (CMI) 1,094.26 +48.9 ▲ 4.7% Bitcoin (BTC) $23,180 +694.7 ▲ 3.1% Ethereum (ETH) $1,618 +82.8 ▲ 5.4% S&P 500 daily close 4,016.22 −0.7 ▼ 0.0% Gold $1,946 +11.9 ▲ 0.6% Treasury Yield 10 Years 3.46% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin\'s Comeback to $23K By James Rubin A Tuesday crypto market pullback turned into a Wednesday comeback as bitcoin soared past $23,700 before retreating slightly. The largest cryptocurrency by market value was recently trading at above $23,180, up more than 3.1% over the past 24 hours. BTC had sunk under $23,500 at one point Tuesday as investors reaped profits from the crypto\'s recent surges. Bitcoin has risen more than 35% largely thanks to declining inflation and economic data suggesting the economy will avoid a severe tailspin. A slew of unfavorable fourth-quarter earnings, including tech giants Microsoft and Texas Instruments and aerospace company Boeing, seemed to derail at least the latter part of that narrative by Wednesday, sending stocks lower. "The January stock market rally might be over and that could drag crypto lower here," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "Bitcoin could be vulnerable to a dip toward the $20,000 level if the tech-driven selloff on Wall Street intensifies over the next couple of days." Ether followed a similar pattern to bitcoin, rising from depths near the $1,500 threshold to return to its perch earlier this week above $1,618, a 5.4% gain from Tuesday, same time. Most other major cryptos were in the green with APT, the token of layer 1 blockchain Aptos, recently up more than 48% over the past 24 hours to hit an all-time high of $18.62. APT is up over 425% since Jan. 1, according to CoinDesk data. The spike likely due to growth in non-fungible token markets on Aptos. Story continues OPT, the native crypto of layer 2 network Optimism, also rose to a record high of $2.34, a nearly 20% gain from the previous day. The CoinDesk Market Index (CDI), an index measuring cryptos\' performance, recently decreased about 4%. Traditional markets traded sideways with the tech-heavy Nasdaq and S&P 500 down a smidgen of a percentage point as investors chewed over corporate results. On Wednesday after markets closed, electric car manufacturer Tesla beat expectations for profits and revenue but struck a cautionary note about the impact of a possible economic contraction. Meanwhile, crypto exchange giant Binance’s BUSD stablecoin extended its recent declines, amid mismanagement issues involving the exchange’s pegged tokens that surfaced earlier this month, and other debacles. BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko. The latest drop extended BUSD’s decline from $22 billion in early December when anxious users scrambled to withdraw funds from Binance after it botched a report about its digital asset reserves. The drop has come as stablecoins\' overall market capitalization is down for a 10th consecutive month so far in January to $137 billion, according to a report by research group CryptoCompare . Stablecoin dominance within the broad cryptocurrency market dropped to 12.4% from its all-time high of 16.5% in December, suggesting traders have been rotating from stablecoins into riskier assets, CryptoCompare said. Biggest Gainers Asset Ticker Returns DACS Sector Loopring LRC +10.6% Smart Contract Platform Solana SOL +9.9% Smart Contract Platform Cosmos ATOM +8.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Laguna Labs CEO Ties Bitcoin\'s Prospects to the Fed\'s Next Move By James Rubin Crypto markets have risen this year largely because the industry has flushed the mischief and mayhem that sunk it in 2022 from its system, wrote Stefan Rust, CEO of blockchain technology firm Laguna Labs, in a Q&A with CoinDesk. Genesis Global Holdco LLC\'s Chapter 11 bankruptcy filing earlier this month provided a capstone, Rust wrote. Genesis is the holding company of troubled cryptocurrency lender Genesis Global Capital. (Genesis is also a subsidiary of Digital Currency Group, which is CoinDesk\'s parent). "All the baggage from 2022 has been closed out with the filing," he wrote. "This prompted a sigh of relief among many in the industry." Rust was cautious about bitcoin\'s near-term prospects, which he pinned on the size of the next interest rate hike by the U.S. central bank. He was more sanguine about ether. "ETH to $10,000 by the end of this year retains the deflationary momentum," Rust wrote, in the course of answering four questions about crypto markets. CoinDesk: Has the recent decline in inflation and investor hopefulness about the size of the next interest rate hike driven the recent market upturn? What other factors have been involved? Rust: A growing expectation that interest rates won\'t rise at 50 basis points is definitely helping and giving investors confidence. However, I don\'t think that\'s the main driver. Crypto has gone through 400 days of a bear market and a lot of the true believers are seeing that the financial markets and decentralized finance institutions have pulled out so much so that even the DCG/Genesis/Gemini saga has not had any impact in the market. That is the main driver of the pump: the fact that all the baggage from 2022 has been closed out with the filing of Chapter 11 for Genesis. This prompted a sigh of relief among many in the industry – particularly those in decentralized finance where the opportunity for transparent verifiable finance is manifest. Will we hold support at around $22.9K as the market seems to be trying to establish or do you anticipate a retreat? Why? I\'m not sure whether we will hold that support, especially if interest rates go up by 50 basis points, which we at Truflation are predicting given recent CPI numbers – given that wage inflation was 6.6% and unemployment is still at 3.5%. All those factors lead us to believe that US interest rates will go up by 50 basis points at the next FOMC meeting next week despite the fact there now seems to be a belief in the market for another result. If you look at the numbers, inflation is not yet under control. What are your expectations for ether\'s price and other major tokens? Big tokens, especially bitcoin, and any ether are going to do well. We\'re going to see a faster recovery in the crypto markets than we will see in the traditional finance market. ETH is now deflationary while the chain is seeing hugely increased activity on top of Ethereum developer engagement, faster improvements to the Ethereum network itself, and faster settlement associated with all of the activities. Despite the unlocking of staked ETH coming in with the Shanghai release, a lot of people would be surprised how a large portion of the staking will remain staked. It might move across to liquid staking derivatives that have been a burgeoning market across the Ethereum DeFi ecosystem. ETH to $10,000 by the end of this year retains the deflationary momentum: less supply, more activity, and faster circulation require better value and more distribution to drive digital exchange and digital trade across the Ethereum Blockchain layer 1 and layer 2\'s. You recently noted Binance\'s growing number of transactions and engagement. But does the increasing amount of scrutiny of exchanges present a threat to the crypto industry this year? Binance has three or four different entities. It has Binance US, Binance international, and the BNB chain. Binance US is going through the regulatory framework as any other US exchange, while Binance international is already licensed in multiple jurisdictions around the world, and like any large tech company will be scrutinized the very same way that Google is scrutinized, Microsoft is scrutinized and Amazon is scrutinized. All big tech companies always get scrutinized so I think there is no difference in the way that Binance will be scrutinized for this. Coming to decentralized finance, the BNB chain has a different infrastructure, it is a different beast and has large transaction volume, extremely cost-efficient transaction fees, and fast speeds. Is it fully decentralized? No, but we\'re seeing the same with Polygon. Distribution is the name of the game. You can focus on decentralizing over time as long as you iron out the kinks and as long as you start the distribution of a decentralization strategy and you\'re seeing that take place with Polygon and Binance. Important events 12:30 p.m. HKT/SGT(4:30 UTC) United States Durable Goods Orders (Dec) 12:30 p.m. HKT/SGT(4:30 UTC) United States Gross Domestic Product Annualized (Q4) 10:30 p.m. HKT/SGT(14:30 UTC) Tokyo Consumer Price Index (YoY/Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin\'s Next Move; How European Crypto Firms Are Getting Ready for Sweeping Legislation "Policy Week" continued at CoinDesk with comprehensive reporting on the state of crypto regulation. Crypto Council for Innovation Chief Global Regulatory Officer Linda Jeng joined "First Mover" to explain how looming European regulation may impact crypto firms. Plus, Prosper Trading Academy Cryptocurrency Educator Howard Greenberg shared his outlook for bitcoin and Ethereum Protocol Reporter Margaux Nijkerk had the latest details on the Shanghai upgrade. Separately, QuickNode CEO Alex Nabutovsky discussed his company\'s latest $60 million raise. Headlines Irish Central Bank Chief Calls for Ban on Crypto Advertising, Bloomberg: Gabriel Makhlouf said crypto has "no social value whatsoever" during a parliamentary session in Ireland on Wednesday. Layer 1 Blockchain Aptos Token Reaches All-Time High: APT has been surging since the start of the year, but some traders expect the rally to be short-lived. DYDX Token Surges as Unlock Gets Delayed Until December: Next month\'s 150 million-token unlock has been reduced, with 83 million tokens allocated to investors being locked until December. Pantera, Jump Crypto Back $150M Injective Ecosystem Fund: The initiative will support financial apps developed to work across blockchains based on the Cosmos system. Canto DEX Trading Volume Soars 200% Ahead of Proposals to Upgrade Network: The price of Canto\'s token has tripled since Jan. 1.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin regains lost ground to trade over $23K again.\nInsights:Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 bankruptcy filing prompted a "sigh of relief" among many in the crypto industry, and that bitcoin\'s short-term price prospects depend on the size of the next Fed interest rate hike.\nCoinDesk Market Index (CMI)\n1,094.26\n+48.9▲4.7%\nBitcoin (BTC)\n$23,180\n+694.7▲3.1%\nEthereum (ETH)\n$1,618\n+82.8▲5.4%\nS&P 500 daily close\n4,016.22\n−0.7▼0.0%\nGold\n$1,946\n+11.9▲0.6%\nTreasury Yield 10 Years\n3.46%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin\'s Comeback to $23K\nBy James Rubin\nA Tuesday crypto market pullback turned into a Wednesday comeback as bitcoin soared past $23,700 before retreating slightly.\nThe largest cryptocurrency by market value was recently trading at above $23,180, up more than 3.1% over the past 24 hours. BTC had sunk under $23,500 at one point Tuesday as investors reaped profits from the crypto\'s recent surges. Bitcoin has risen more than 35% largely thanks to declining inflation and economic data suggesting the economy will avoid a severe tailspin. A slew of unfavorable fourth-quarter earnings, including tech giants Microsoft and Texas Instruments and aerospace company Boeing, seemed to derail at least the latter part of that narrative by Wednesday, sending stocks lower.\n"The January stock market rally might be over and that could drag crypto lower here," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "Bitcoin could be vulnerable to a dip toward the $20,000 level if the tech-driven selloff on Wall Street intensifies over the next couple of days."\nEther followed a similar pattern to bitcoin, rising from depths near the $1,500 threshold to return to its perch earlier this week above $1,618, a 5.4% gain from Tuesday, same time. Most other major cryptos were in the green with APT, the token of layer 1 blockchain Aptos, recently up more than 48% over the past 24 hours to hit an all-time high of $18.62. APTis upover 425% since Jan. 1, according to CoinDesk data. The spike likely due to growth in non-fungible token markets on Aptos.\nOPT, the native crypto of layer 2 network Optimism, also rose to a record high of $2.34, a nearly 20% gain from the previous day. TheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 4%.\nTraditional markets traded sideways with the tech-heavy Nasdaq and S&P 500 down a smidgen of a percentage point as investors chewed over corporate results. On Wednesday after markets closed, electric car manufacturer Tesla beat expectations for profits and revenue but struck a cautionary note about the impact of a possible economic contraction.\nMeanwhile, crypto exchange giant Binance’s BUSD stablecoinextendedits recent declines, amid mismanagement issues involving the exchange’s pegged tokens that surfaced earlier this month, and other debacles.\nBUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko. The latest drop extended BUSD’s decline from $22 billion in early December when anxioususers scrambled to withdraw fundsfrom Binance after it botched a report about its digital asset reserves.\nThe drop has come as stablecoins\' overall market capitalization is down for a 10th consecutive month so far in January to $137 billion, according to a report by research groupCryptoCompare. Stablecoin dominance within the broad cryptocurrency market dropped to 12.4% from its all-time high of 16.5% in December, suggesting traders have been rotating from stablecoins into riskier assets, CryptoCompare said.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+10.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+9.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+8.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nLaguna Labs CEO Ties Bitcoin\'s Prospects to the Fed\'s Next Move\nBy James Rubin\nCrypto markets have risen this year largely because the industry has flushed the mischief and mayhem that sunk it in 2022 from its system, wrote Stefan Rust, CEO of blockchain technology firm Laguna Labs, in a Q&A with CoinDesk. Genesis Global Holdco LLC\'s Chapter 11 bankruptcy filing earlier this month provided a capstone, Rust wrote. Genesis is the holding company of troubled cryptocurrency lender Genesis Global Capital. (Genesis is also a subsidiary of Digital Currency Group, which is CoinDesk\'s parent).\n"All the baggage from 2022 has been closed out with the filing," he wrote. "This prompted a sigh of relief among many in the industry."\nRust was cautious about bitcoin\'s near-term prospects, which he pinned on the size of the next interest rate hike by the U.S. central bank. He was more sanguine about ether. "ETH to $10,000 by the end of this year retains the deflationary momentum," Rust wrote, in the course of answering four questions about crypto markets.\nCoinDesk: Has the recent decline in inflation and investor hopefulness about the size of the next interest rate hike driven the recent market upturn? What other factors have been involved?\nRust:A growing expectation that interest rates won\'t rise at 50 basis points is definitely helping and giving investors confidence. However, I don\'t think that\'s the main driver. Crypto has gone through 400 days of a bear market and a lot of the true believers are seeing that the financial markets and decentralized finance institutions have pulled out so much so that even the DCG/Genesis/Gemini saga has not had any impact in the market. That is the main driver of the pump: the fact that all the baggage from 2022 has been closed out with the filing of Chapter 11 for Genesis. This prompted a sigh of relief among many in the industry – particularly those in decentralized finance where the opportunity for transparent verifiable finance is manifest.\nWill we hold support at around $22.9K as the market seems to be trying to establish or do you anticipate a retreat? Why?\nI\'m not sure whether we will hold that support, especially if interest rates go up by 50 basis points, which we at Truflation are predicting given recent CPI numbers – given that wage inflation was 6.6% and unemployment is still at 3.5%. All those factors lead us to believe that US interest rates will go up by 50 basis points at the next FOMC meeting next week despite the fact there now seems to be a belief in the market for another result. If you look at the numbers, inflation is not yet under control.\nWhat are your expectations for ether\'s price and other major tokens?\nBig tokens, especially bitcoin, and any ether are going to do well. We\'re going to see a faster recovery in the crypto markets than we will see in the traditional finance market. ETH is now deflationary while the chain is seeing hugely increased activity on top of Ethereum developer engagement, faster improvements to the Ethereum network itself, and faster settlement associated with all of the activities. Despite the unlocking of staked ETH coming in with the Shanghai release, a lot of people would be surprised how a large portion of the staking will remain staked. It might move across to liquid staking derivatives that have been a burgeoning market across the Ethereum DeFi ecosystem. ETH to $10,000 by the end of this year retains the deflationary momentum: less supply, more activity, and faster circulation require better value and more distribution to drive digital exchange and digital trade across the Ethereum Blockchain layer 1 and layer 2\'s.\nYou recently noted Binance\'s growing number of transactions and engagement. But does the increasing amount of scrutiny of exchanges present a threat to the crypto industry this year?\nBinance has three or four different entities. It has Binance US, Binance international, and the BNB chain. Binance US is going through the regulatory framework as any other US exchange, while Binance international is already licensed in multiple jurisdictions around the world, and like any large tech company will be scrutinized the very same way that Google is scrutinized, Microsoft is scrutinized and Amazon is scrutinized. All big tech companies always get scrutinized so I think there is no difference in the way that Binance will be scrutinized for this.\nComing to decentralized finance, the BNB chain has a different infrastructure, it is a different beast and has large transaction volume, extremely cost-efficient transaction fees, and fast speeds. Is it fully decentralized? No, but we\'re seeing the same with Polygon. Distribution is the name of the game. You can focus on decentralizing over time as long as you iron out the kinks and as long as you start the distribution of a decentralization strategy and you\'re seeing that take place with Polygon and Binance.\n12:30 p.m. HKT/SGT(4:30 UTC)United States Durable Goods Orders (Dec)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Gross Domestic Product Annualized (Q4)\n10:30 p.m. HKT/SGT(14:30 UTC)Tokyo Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin\'s Next Move; How European Crypto Firms Are Getting Ready for Sweeping Legislation\n"Policy Week" continued at CoinDesk with comprehensive reporting on the state of crypto regulation. Crypto Council for Innovation Chief Global Regulatory Officer Linda Jeng joined "First Mover" to explain how looming European regulation may impact crypto firms. Plus, Prosper Trading Academy Cryptocurrency Educator Howard Greenberg shared his outlook for bitcoin and Ethereum Protocol Reporter Margaux Nijkerk had the latest details on the Shanghai upgrade. Separately, QuickNode CEO Alex Nabutovsky discussed his company\'s latest $60 million raise.\nIrish Central Bank Chief Calls for Ban on Crypto Advertising, Bloomberg:Gabriel Makhlouf said crypto has "no social value whatsoever" during a parliamentary session in Ireland on Wednesday.\nLayer 1 Blockchain Aptos Token Reaches All-Time High:APT has been surging since the start of the year, but some traders expect the rally to be short-lived.\nDYDX Token Surges as Unlock Gets Delayed Until December:Next month\'s 150 million-token unlock has been reduced, with 83 million tokens allocated to investors being locked until December.\nPantera, Jump Crypto Back $150M Injective Ecosystem Fund:The initiative will support financial apps developed to work across blockchains based on the Cosmos system.\nCanto DEX Trading Volume Soars 200% Ahead of Proposals to Upgrade Network:The price of Canto\'s token has tripled since Jan. 1.', 'Bitcoin and Ether rebounded in Thursday morning trading in Asia amid broad gains in the top 10 non-stablecoin cryptocurrencies after a bout of profit-taking and mixed economic indicators sent prices lower on Wednesday. Solana, Polygon and Cardano led gains among the top 10 by market capitalization. U.S. equities were mixed overnight. Tesla beat earnings forecasts but the poor outlook from Microsoft on Wednesday and an interest rate hike expected next week kept a lid on trading.\nSee related article:Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief\n• Bitcoin rose 2% to US$23,096 in the 24 hours to 8 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has risen 11.66% in the seven days to date and resumed a strong run up since the start of the year after hitting a speed bump on Wednesday. Ether added 3.43% to US$1,610, up 6.36% in the same week, according toCoinMarketCap data.\n• Solana jumped 7.78% to US$24.56 to post a week-to-date growth of 17.9%. Solana recently opened pre-orders for its blockchain-focused mobile phone Solana Saga, which is expected to launch as early as Q1 this year.\n• Polygon added 3.85% to US$0.99 after theFractal NFT gaming siteon Wednesday said it was expanding onto the Polygon network. Cardano rose by 3.91% to US$0.37.\n• The total crypto market capitalization grew 2.72% to US$1.05 trillion, while trading volume saw a 12% increase to US$61.86 billion.\n• U.S. equity markets had a mixed day on Wednesday. The Dow Jones Industrial Average rose 0.03%, while the S&P 500 and the Nasdaq Composite both dipped almost 0.2%.\n• More economic indicators are out on Thursday in the U.S., including GDP, durable goods orders and jobless claims, which could provide direction to equities through the end of the week.\n• Members of the U.S. Federal Reserve are in a so-called blackout period before they meet next week – Jan. 31 to Feb. 1 – to decide the next move on interest rates. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow the pace of inflation and a number of indicators suggest that slowdown is happening. However, some investors remain concerned about the U.S. economy, the world’s biggest, tipping into a recession.\nSee related article:Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens', 'Bitcoin and Ether rebounded in Thursday morning trading in Asia amid broad gains in the top 10 non-stablecoin cryptocurrencies after a bout of profit-taking and mixed economic indicators sent prices lower on Wednesday. Solana, Polygon and Cardano led gains among the top 10 by market capitalization. U.S. equities were mixed overnight. Tesla beat earnings forecasts but the poor outlook from Microsoft on Wednesday and an interest rate hike expected next week kept a lid on trading.\nSee related article:Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief\n• Bitcoin rose 2% to US$23,096 in the 24 hours to 8 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has risen 11.66% in the seven days to date and resumed a strong run up since the start of the year after hitting a speed bump on Wednesday. Ether added 3.43% to US$1,610, up 6.36% in the same week, according toCoinMarketCap data.\n• Solana jumped 7.78% to US$24.56 to post a week-to-date growth of 17.9%. Solana recently opened pre-orders for its blockchain-focused mobile phone Solana Saga, which is expected to launch as early as Q1 this year.\n• Polygon added 3.85% to US$0.99 after theFractal NFT gaming siteon Wednesday said it was expanding onto the Polygon network. Cardano rose by 3.91% to US$0.37.\n• The total crypto market capitalization grew 2.72% to US$1.05 trillion, while trading volume saw a 12% increase to US$61.86 billion.\n• U.S. equity markets had a mixed day on Wednesday. The Dow Jones Industrial Average rose 0.03%, while the S&P 500 and the Nasdaq Composite both dipped almost 0.2%.\n• More economic indicators are out on Thursday in the U.S., including GDP, durable goods orders and jobless claims, which could provide direction to equities through the end of the week.\n• Members of the U.S. Federal Reserve are in a so-called blackout period before they meet next week – Jan. 31 to Feb. 1 – to decide the next move on interest rates. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow the pace of inflation and a number of indicators suggest that slowdown is happening. However, some investors remain concerned about the U.S. economy, the world’s biggest, tipping into a recession.\nSee related article:Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens', 'Bitcoin and Ether rebounded in Thursday morning trading in Asia amid broad gains in the top 10 non-stablecoin cryptocurrencies after a bout of profit-taking and mixed economic indicators sent prices lower on Wednesday. Solana, Polygon and Cardano led gains among the top 10 by market capitalization. U.S. equities were mixed overnight. Tesla beat earnings forecasts but the poor outlook from Microsoft on Wednesday and an interest rate hike expected next week kept a lid on trading. See related article: Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief Fast facts Bitcoin rose 2% to US$23,096 in the 24 hours to 8 a.m. in Hong Kong. The world’s biggest cryptocurrency by market capitalization has risen 11.66% in the seven days to date and resumed a strong run up since the start of the year after hitting a speed bump on Wednesday. Ether added 3.43% to US$1,610, up 6.36% in the same week, according to CoinMarketCap data . Solana jumped 7.78% to US$24.56 to post a week-to-date growth of 17.9%. Solana recently opened pre-orders for its blockchain-focused mobile phone Solana Saga, which is expected to launch as early as Q1 this year. Polygon added 3.85% to US$0.99 after the Fractal NFT gaming site on Wednesday said it was expanding onto the Polygon network. Cardano rose by 3.91% to US$0.37. The total crypto market capitalization grew 2.72% to US$1.05 trillion, while trading volume saw a 12% increase to US$61.86 billion. U.S. equity markets had a mixed day on Wednesday. The Dow Jones Industrial Average rose 0.03%, while the S&P 500 and the Nasdaq Composite both dipped almost 0.2%. More economic indicators are out on Thursday in the U.S., including GDP, durable goods orders and jobless claims, which could provide direction to equities through the end of the week. Members of the U.S. Federal Reserve are in a so-called blackout period before they meet next week – Jan. 31 to Feb. 1 – to decide the next move on interest rates. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points. Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow the pace of inflation and a number of indicators suggest that slowdown is happening. However, some investors remain concerned about the U.S. economy, the world’s biggest, tipping into a recession. See related article: Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens', 'Dear Senator Warren, The FTX melee has infused crypto regulation efforts with new life. Politicians pounced at the opportunity, including you. The bill you’ve recently introduced requires the U.S. Treasury Secretary to create a rule disallowing financial institutions from
**Last 60 Days of Bitcoin's Closing Prices:**
[16444.63, 16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-26
**Financial & Commodity Data:**
- Gold Closing Price: $1929.10
- Crude Oil Closing Price: $81.01
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,249,365,725
- Hash Rate: 289637895.9408021
- Transaction Count: 296263.0
- Unique Addresses: 669489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Dec 12 (Reuters) - Most big banks and investment managers expect the cryptocurrency market to pick up in 2023 after a brutal year that saw bitcoin sink around 75% from its all-time high in November last year. The collapse of cryptocurrency exchange FTX - the latest in a series of liquidity squeezes and bankruptcy filings that have shaken investors - has underscored the need for more regulations in the highly speculative sector. Ethereum and projects focused on real world functionalities and utility are expected to drive the next leg of growth. While bitcoin may still test a potential low of $10,000-$12,000, it could recover to $30,000 in the second half of 2023, according to Matthew Sigel, VanEck's head of digital assets research. Bitcoin had hit an all-time high of $69,000 in November 2021. Following are some comments from banks and investment managers: MARION LABOURE, RESEARCH ANALYST, DEUTSCHE BANK: "Although investors have suffered significant losses, we believe this second 'crypto winter' will be a net positive because the FTX collapse will edge the crypto ecosystem closer to the established financial sector." "The FTX crash spotlighted well-known structural issues in the crypto ecosystem: insufficient reserves, conflict of interest, a lack of regulation and transparency, and unreliable data." "Market concentration (in crypto exchanges) is greater than ever, with Binance being the biggest winner." "Crypto does not yet pose a systemic contagion threat to traditional assets." J.P.MORGAN: "We believe that the Ethereum Merge and really the Ethereum Surge could be a big factor in terms of increasing the use-cases for blockchain into new areas, including financial services," analysts said in an early December note. The Ethereum Merge was a major software upgrade to the Ethereum blockchain that went live in September and reduced its energy usage by 99.95%, according to developers. The Surge, another anticipated upgrade, is seen reducing costs to make the ethereum network safer and process transactions faster. Story continues "We continue to see the Ethereum Surge as a catalyst for development in the cryptocurrency markets, which appears at least 6-12 months away." BOFA: "An increased urgency for regulation may enable greater institutional engagement, and a shift in focus and capital from speculative trading to projects with real-world functionality, and companies with roadmaps to profitability may accelerate industry maturity," analysts said in a note. "Our view is that we remain in the first innings of a major change in applications that will take place over the next 30 years." GOLDMAN SACHS: "While the FTX crisis appears to be peaking, asymmetrical responses of mining to prices may weaken the market headwind: now less sensitive to the downside while more to the upside," economists said in a note. "From the China crackdown to the several price crashes in earlier 2022, crypto mining has shown an approximately 1-to-1 price-power relationship. Along with the Ethereum Merge, this elasticity tends to shrink on the negative side while expanding on the positive side: most recently, the 6% price rebound in early-September was followed by a 19% Bitcoin power demand rebound in early-October (more than 1-to-3)." "Still too short history to verify the change, but we could see the possibility of some immunity to the current price crash in the middle of the FTX crisis and to potential stricter scrutiny from regulators in the coming months." UBS: "BTC and ETH futures volumes and open interest ... now seem to be stabilizing. This coincides with implied volatilities falling back in line with realized," strategists said a note. "Normalization is evident from the fact that outflows from centralised exchanges have eased. And the wrapped bitcoin (wBTC) discount has largely reverted after widening to as much as 1.5%." As with most other banks, UBS is pessimistic regarding the near-term future. "Regulation looms to the extent that we don't see any near-term positive catalyst for a strong recovery." MATTHEW SIGEL, HEAD OF DIGITAL ASSETS RESEARCH, VANECK: "With bitcoin mining largely unprofitable given recent higher electricity prices and lower Bitcoin prices, we predict that many miners will restructure or merge as they look for fresh capital." They added that an end to the war in Ukraine might reverse some of the policies aimed at curbing inflation and make Bitcoin mining more politically palatable. "Institutions will employ blockchains to simplify custody and settlement, while reducing costs for customers." "Our predicted winners are Ethereum, Polygon, Avalanche, Polkadot and Cosmos." "With persistent inflation and a young population, Latin America is seeing the fastest crypto and stablecoin adoption in the world. Tokenization of sovereign debt may begin in Brazil first." "Twitter will bolster its payment offerings with state money licenses, competing more directly with Venmo & Cash App and possibly integrating crypto." ERIC ROBERTSEN, GLOBAL HEAD OF RESEARCH, STANDARD CHARTERED: In their "surprise" scenario for 2023, Standard Chartered forecasts Bitcoin falling to $5,000 if the current collapse spreads. TOM NORWOOD, CO-FOUNDER AND CEO, LOOP MARKETS: "Demand for bitcoin should continue to grow regardless of market conditions as it is still better than most currencies in that it at least has a good chance of going up eventually, whereas most currencies are just going to depreciate over time." Norwood expects the crypto market to pick up in about six months. "I think that's going to have to come from real world adoption by retail users who are not buying crypto to gamble on new tokens, but rather who need to exit their local Fiat currency." (Reporting by Susan Mathew and Bansari Mayur Kamdar in Bengaluru; Editing by Saumyadeb Chakrabarty)...
- Reddit Posts (Sample): [['u/Science_421', 'Bitcoin is NOT a technology. It is an attempt to peddle the Gold Standard.', 116, '2023-01-26 01:40', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/', 'If you want to understand the motivation behind Bitcoin you should skip the “Blockchain” “decentralized” Blah Blah Blah. \n\nBitcoin was started by Libertarian Gold Bugs that wanted an Electronic version of Gold Coins for the internet. \n\nIt annoys me that News Reports and Debates about Bitcoin never focus on the failures of a Gold Standard. They just treat Bitcoin as some “amazing” technology. Economists dismiss the Gold Standard Fanatics as Ignorant.', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/', '10let0n', [['u/Potential-Coat-7233', 58, '2023-01-26 01:58', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5wexn0/', 'Bitcoin is whatever it needs to be to “win” the argument at hand.', '10let0n'], ['u/Studstill', 18, '2023-01-26 04:52', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5x3iys/', 'Few.', '10let0n'], ['u/stormdelta', 23, '2023-01-26 06:12', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xcrna/', 'Yep, and it relies on the same revisionist history of scapegoating every economic failure in history on monetary policy / dropping the gold standard.', '10let0n'], ['u/Alternative-Lion1336', 12, '2023-01-26 07:18', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xj95h/', 'Early', '10let0n'], ['u/entered_bubble_50', 12, '2023-01-26 09:07', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xs82o/', '\n>There is no incentive at the top to onboard or adopt a system that can\'t be used to re-allocate vast wealth through policy.\n\nA yes, Bitcoin, the saviour of the working class. Where the vast majority of the wealth is stored between a few dozen scammers. \n\nAnd I\'m sorry, but "can\'t be reallocated through policy." Do you think the price is actually organic, and not heavily manipulated by the exchanges for their benefit?', '10let0n'], ['u/luitzenh', 12, '2023-01-26 10:02', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xw846/', 'Random capitalisation makes your text hard to read.', '10let0n']]], ['u/bootyholesareweird', 'I bought my first bitcoin cash last week!', 23, '2023-01-26 02:54', 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/', "I'm a student and I received an incentive last week and bought my first bitcoin cash. I started buying crypto when I can last 2021, not a great year for crypto newbies but I will just wait for the next bull market! I always but every semester when I receive incentives which is 12$ or 20$ (500 or 1000 pesos). Next sem, I will buy another coin. My crypto wallet is not that big but it is better than having nothing. My goal is me and my parents to retire early so I shoul have many source of income in the present and in the future.\n\nAny suggestions for my next coin? If it's allowed.", 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/', '10lgd4j', [['u/moleccc', 10, '2023-01-26 10:21', 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/j5xxkin/', "You're looking for a diverse portfolio?\n\nProbably would include some Monero (XMR), but really, concentrate on (or give more weight to) BCH.\n\nDon't fall into any of the many DeFi/yield traps.\n\nu/chaintip $5", '10lgd4j']]], ['u/rightthenwatson', "Has anyone ever compared Patsy's 911 call to other 911 calls from parents of kidnap victims?", 150, '2023-01-26 04:13', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/', 'Every couple of years I go down this rabbit hole. This time, I can\'t stop thinking about how unusual Patsy\'s words are \n\n"There\'s been a kidnapping"\n\n"I\'m the mother" \n\n•Not "My daughter\'s been kidnapped?\' or "Someone took my daughter/child"?\n\n"There\'s a ransom note. It says SBTC VICTORY" \n\n•Nothing about it saying the took your kid? Threat of death? That\'s not what 911 needs to know?\n\n\nI think she chose really unusual things to isolate, and I\'m just curious how it lines up to calls made to report other kidnappings. Do parents of (IMO Legitimate kidnappings) also speak in an almost fragmented way? \n\n\n\n\n(To establish a base here, I am in the \'Burke did it\' boat, and believe every step, even the continued interviews, etc., are just red herrings.)', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/', '10lhyki', [['u/GeniusBtch', 42, '2023-01-26 04:18', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5wz496/', 'My biggest issue is that she sounded more "Colorado" than "West Virginia" which was odd because as anyone knows a person with any type of accent in a panic gets more accented in the way they were as a child... not less. (You will notice this particularly with southerners when they get together and drink especially but also when they are freaking out over something.) If you listen to it carefully you may see what I mean. It was clearly rehearsed to make her sound like she was panicked but in the wrong way. Like she jumped up and down in place to sound out of breath instead of actually running and being out of breath etc...', '10lhyki'], ['u/rightthenwatson', 32, '2023-01-26 04:22', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5wzr1h/', "I never even thought of the accent part and that's a great observation.\n\nAnd yes, she is very breathy, but not like a hyperventilating, panicking way.", '10lhyki'], ['u/Hopeful-Confusion599', 70, '2023-01-26 04:33', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x16zt/', 'To be fair, when she said “SBTC VICTORY” it was because the operator asked who signed the note, but everything else you listed was all Patsy. \n\nI usually try not to place a lot of stock in 911 calls since everyone acts differently in those moments and they can be a very hectic time. But if I DID place stock in this call… it doesn’t win Patsy any points. \n\nShe didn’t say JonBenet’s name once. The part that always gets me, and maybe I’m the only one, is that long pause after she says “SBTC Victory” with the labored breathing. It was almost like she was waiting to hear what the operator thought about it.', '10lhyki'], ['u/Candid_Post_4255', 16, '2023-01-26 04:45', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x2p6e/', 'And that she said she didn’t read through the whole note…but came up with the signature', '10lhyki'], ['u/ArmChairDetective84', 38, '2023-01-26 05:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5e2w/', 'I have never thought about it in terms of comparing it to other 911 calls - but I’ve always thought the “ there’s been a kidnapping thing was weird too. I definitely would have probably read the entire thing & TBH I think if I was a wealthy person and my child was kidnapped that I would be tempted to just get the damn money and pay because the cops have screwed up so many of those kinds of cases. I would have stressed the part of the note about them watching the house and to not send a uniformed police officer or a marked cruiser to the house . I would have searched that house high and low before I called 911 though because the note is so ridiculous that I would probably think “this is some kind of sick joke “ . But the most WEIRD part of their actions that AM was Patsy and John not waking Burke up- then when ppl brought up how they thought that was strange he suddenly remembered Patsy “running into his room screaming “…I would be stuck to my remaining child like glue if my other had just been kidnapped right out from under my nose', '10lhyki'], ['u/Senior_Physics_5030', 121, '2023-01-26 05:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5es3/', 'I always found it odd that Patsy never said JBR’s name, but was sure to say, “Six years old… She’s BLONDE.”', '10lhyki'], ['u/ArmChairDetective84', 21, '2023-01-26 05:09', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5m7w/', 'TBF ( I am BDI team) she could have just looked at the end of the note..she wouldn’t have had to read the whole note to know who or what signed it .', '10lhyki'], ['u/rightthenwatson', 49, '2023-01-26 05:11', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5utp/', "Right? I think it's weird too. I don't know what I expect a parent would say, but blurting out her hair color before her name even?", '10lhyki'], ['u/aajniojnoihnoi', 16, '2023-01-26 05:15', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6eav/', 'Patsy had a very good memory that morning to remember who sign the 3 page ransom note she did not read.', '10lhyki'], ['u/rightthenwatson', 30, '2023-01-26 05:16', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6fye/', "Exactly.\n\nI would want my child awake, alert, check them for signs of harm, ask if they saw anyone, ask if they were threatened, keep them close, make sure they're okay and protect them from everything possible. \n\nI truly don't believe a parent in that situation wouldn't immediately get their other kid, *make sure the missing sibling is not in or under their brother or sister's bed*, turn lights on, call their child's name, search the house. \n\nKids do weird shit, I just don't believe parents not searching the house and trying to shake any possible information out of the child that's still there.", '10lhyki'], ['u/aajniojnoihnoi', 61, '2023-01-26 05:16', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6hq9/', 'Patsy also hung up on the 911 operator.', '10lhyki'], ['u/rightthenwatson', 42, '2023-01-26 05:18', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6pbf/', 'Which I can\'t fathom someone needing help from law enforcement would do, and you\'re encouraged to stay on the phone when calling something in.\n\nI think they were finalizing "get our story straight"', '10lhyki'], ['u/aajniojnoihnoi', 56, '2023-01-26 05:23', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x79lw/', 'She had to quickly call their friends before the police arrived.', '10lhyki'], ['u/GreyMer-Mer', 86, '2023-01-26 05:27', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x7rd0/', 'To be fair, I could see a reasonable parent giving the 911 operator a physical description of the missing child as soon as possible (since presumably they want to give police an accurate description so they could be on the lookout for the missing child ASAP). \n\nWith that in mind, "kidnapping," "6 years old," "blond" are the most relevant pieces of info to get across to the 911 operator.', '10lhyki'], ['u/rightthenwatson', 37, '2023-01-26 05:30', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x860d/', 'I agree, I think description is critical, but I feel like more emotion would be present, more connected "Her name is Jon Benet. She\'s blonde, her pajamas were _(color)_, I put her to bed at __00:00__" etc.\n\nI just feel like her details were fragmented and rehearsed, rather than personal and stream of thought. Or at least at some point humanizing her by referring to as "my daughter" or by her name.', '10lhyki'], ['u/Hehateme123', 42, '2023-01-26 05:35', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x8ql6/', 'You don’t have to be a Julliard trained thespian to see this is completely fake. It’s such an act. \n\nThe call is so bad it’s campy.', '10lhyki'], ['u/rightthenwatson', 24, '2023-01-26 05:41', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x9eax/', "Like I've said in other comments - I agree here. I've never believed the family is innocent. I think it was Burke, and that J&P covered it up to protect their family. \n\nI just want to know how it lines up with kidnapping reports in other 911 calls, like Elizabeth Smart or Jaycee Dugard, etc.", '10lhyki'], ['u/ZiggysSack', 11, '2023-01-26 05:43', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x9n72/', 'Parts of it absolutely do.', '10lhyki'], ['u/donny02', 120, '2023-01-26 06:00', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xbgvx/', '"I need an am-police!" \n\n\nwould love to see JR\'s reaction as patsy almost torched their plans in the first quarter second', '10lhyki'], ['u/Tugshamu', 17, '2023-01-26 06:03', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xbt5j/', 'I’m from WV. I definitely have a southern accent!', '10lhyki'], ['u/WishIWasYounger', 25, '2023-01-26 06:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xc834/', "What? You can't be serious. Her daughter was just kidnapped and you expect the mother to be that linear and articulate?", '10lhyki'], ['u/rightthenwatson', 30, '2023-01-26 06:40', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xfo85/', "That's where my curiosity about comparing to other cases comes in. What wording or details are typically heard in those calls. I would expect the child to be more humanized than in Patsy's call.", '10lhyki'], ['u/Anxious_Honey_4899', 10, '2023-01-26 07:11', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xio73/', 'The 911 call is strange. I know how I would react, but the Ramsay’s have proven to be a different breed. I give them the benefit of doubt on this call because we can’t assume how each person would react. A couple of decades later with the amount of circumstantial information, we are left with the Ramsay’s strange, or calculated actions. So far, it’s worked for them. I don’t have a specific theory, but I’m sold they covered it up.', '10lhyki'], ['u/AproposGardenTools', 11, '2023-01-26 07:36', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xkwbt/', 'Yep I know that I have a "Pennsylvania hillbilly" type accent, (I\'m from Ohio but my family all comes from PA) and if I\'m really stressed or panicked, I start reverting to that instead of the kinda mixed-bag of accents and such I\'ve picked up in my years of traveling. I noticed too that the call seemed to be extremely, I guess the word would be choreographed? You\'d think she would for sure be reverting to WV in a panic like that if she\'d just lost her child and had no idea what had happened to her.', '10lhyki'], ['u/Ok_Ninja7190', 19, '2023-01-26 07:40', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xlaeb/', "Sure. A cop broke into their house, fed the kids pineapple, murdered a six year old, wrote that ransom note (and a practice version before that) on Patsy's notepad and left.", '10lhyki'], ['u/ChaseAlmighty', 53, '2023-01-26 07:41', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xlcyp/', 'To be fair, she was still packing for the trip. \n\n/s', '10lhyki'], ['u/ch4bb5', 27, '2023-01-26 08:03', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xn87v/', 'Just a couple of things. 1 - my memory could be wrong it’s not the best… but I think no fingerprints were found in the note? Is that correct? I’m not sure. More importantly - if when asked “does it say who took her” Patsy goes on and eventually says “it says SBTC Victory” so she had either read the note or was reading from it. She had said she didn’t finish reading the note so she must have been reading from it during the call…. But she said “it says SBTC Victory” the note says “Victory SBTC” is it really plausible that she read them in the wrong order when reading directly from the note?? 🤷\u200d♂️🤷\u200d♂️', '10lhyki'], ['u/HankyPanky713', 29, '2023-01-26 08:16', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xo89i/', 'The fact she says Burke was still sleeping is the main reason I think the family knows what happened. If u think one kid was kidnapped you wouldn’t just let the other one stay in their bedroom alone.', '10lhyki'], ['u/kenna98', 13, '2023-01-26 08:17', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xobus/', 'The family was not cleared. You are severely uninformed about this case if you think that.', '10lhyki'], ['u/Mariska11', 41, '2023-01-26 08:41', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xq7t4/', '911 operator here. People hang up on us surprisingly often.', '10lhyki'], ['u/Mariska11', 25, '2023-01-26 08:42', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xqa4b/', '911 operator here. People hang up all the time.', '10lhyki'], ['u/Significant_Exit_275', 23, '2023-01-26 08:47', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xqoep/', "How did they manage to read it and not leave finger prints? Do they wear gloves around the house? That's odd", '10lhyki'], ['u/LovecraftianQualtoth', 13, '2023-01-26 09:00', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xrq79/', 'Eh she could have just looked at the bottom of the note when the operator asked who signed it', '10lhyki'], ['u/ch4bb5', 13, '2023-01-26 09:55', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xvql1/', 'Just doing a quick check then (like 2 seconds 😂) it seems to say a partial print was found but that was from the police document examiner. No other prints found not even from the Ramseys 🤷\u200d♂️🤷\u200d♂️I’d be interested to know if there was anything found (gloves) for there to be no prints from Patsy (who found the note. I mean…. Did she sleep and wake with gloves on??) I’m assuming they weren’t like using a handkerchief or something holding the note to not leave prints. With the amount of “panic” in Patsy’s voice on the 911 call - there’s no way she would have had the presence of mind to do something (gloves) to not leave prints. I’m giving my opinion away here 😂😂', '10lhyki'], ['u/ch4bb5', 10, '2023-01-26 09:59', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xw1vf/', 'I was just reading a post where someone said that the Ramseys claim they didn’t actually handle the note….. seriously?? You wake up in the morning… head down the stairs…. And there’s pages from your notepad on the stairs…. And you don’t pick it up??? Bruh. Bullshit. And if that is the case (that the Ramseys may not have actually handled the note 😂😂) then how on the 911 call would Patsy (who said she didn’t finish reading it) know the note was signed SBTC Victory?? It’s a shambles that’s for sure', '10lhyki'], ['u/Significant_Exit_275', 12, '2023-01-26 09:59', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xw2gw/', 'Yeh I find it very suspicious they had the frame of mind not to touch anything, especially the most incriminating thing... it literally incriminates them more. But a trained "professional" (I use that term lightly) still manages to leave partial print. Suspect as hell 🤣', '10lhyki'], ['u/ch4bb5', 14, '2023-01-26 10:03', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5xwctl/', 'It’s not about being linear and articulate - there’s no deeper connection in us humans than a mother and her daughter - and the way Patsy speaks on the 911 call doesn’t show that connection at all. I won’t get into it all as 1 - I’m not an expert & 2 - it would be far too long - but as far as Patsy’s language goes on the 911 call - language experts aren’t conflicted. It’s not a case of maybe/maybe not - it’s a slam dunk. Patsy doesn’t use the language that a mother who has just discovered their only daughter was kidnapped would use. Now - you may not believe in that stuff and that’s fair enough - but the language in the 911 call to language experts isn’t a grey area - it’s crystal clear 🤷\u200d♂️', '10lhyki'], ['u/jm22mccl', 16, '2023-01-26 11:01', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5y0f03/', 'I think one of the most interesting lines in the 911 call that Jim Clemente (retired fbi profiler) pointed out in his analysis is that she went to her room and “found her missing.” He thinks it could be some sort of leakage that she found her after she was injured or killed because it’s such strange language. Usually we don’t say we found something missing because we didn’t find it, we can’t find it if it’s missing.', '10lhyki'], ['u/jm22mccl', 13, '2023-01-26 11:09', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5y1022/', 'They really weird thing was that he wasn’t sleeping because you can hear him at the end of the 911 call, but they continue to claim he was sleeping. It’s like they thought of everything, but also thought if nothing at the same time. “We have to say he was sleeping so they don’t suspect him”, but with no regard for the fact that a parent would typically wake the other child up in this situation to keep an eye on them.', '10lhyki'], ['u/jm22mccl', 14, '2023-01-26 11:15', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5y1dac/', 'It’s ok for you to have a different opinion from the rest of us, but saying people should listen to former fbi agents doesn’t accomplish what you think it does. I think four former fbi agents have spoken publicly about the case, 3/4 of them believe there was family involvement. The one who doesn’t, John Douglas, was the one hired by the family.', '10lhyki'], ['u/Royal-Rule4221', 29, '2023-01-26 11:43', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5y3fj7/', 'I called the cops when my daughter was briefly missing and i dont think I ever said her name. Maybe I did when they asked me. But i was just blurting out whatever info i thought would help them find her. Age, hair colour. So this part of Patsys behaviour makes sense to me. The "we have a kidnapping" is odd phrasing, but again i can imagine that shes trying to get the message across to the operator as quickly and concisely as possible. \n\nPS i do think she wrote the ransom note though - just dont think the call proves anything.', '10lhyki'], ['u/Candid_Post_4255', 11, '2023-01-26 12:01', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5y4sa0/', 'It wasn’t within her eyesight per their own story. JR was in his underwear bent over reading it in the other room/area', '10lhyki'], ['u/kenna98', 10, '2023-01-26 12:44', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5y876v/', 'Gonna explain it to you in very simple terms.\n\n1. Touch DNA is extremely unreliable. \n2. There is no clear sample to test. It\'s a DNA mixture and testing it would destroy it. This is not a DNA case. Anyone who thinks that it will be magically solved by genealogical testing or stuff like that is willfully misinformed and has no business discussing this case at all.\n3. The Ramseys were exonerated by a clumsy DA and this "exonoration" has been refuted by every single of her successors. Do you know what that means? It means no one has been exonerated. You would know this if you did the minimal research before opening your mouth.', '10lhyki'], ['u/kailakonecki', 58, '2023-01-26 13:26', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5yc4yh/', 'I’ve always thought the “I’m the mother” was a subconscious way of diverting suspicion. Think: of course I didn’t do it, I’m the mother.', '10lhyki'], ['u/Mariska11', 28, '2023-01-26 13:50', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5yejon/', "I actually did have a caller hang up on me when she thought her son was in a car that was taken (so son essentially abducted) because she wanted to call her mom. And yes I have personally been working when others were hung up on while processing a homicide.\n\nPeople in crisis do not act how most people would expect them to. \n\nI still find a lot of elements of the call weird, but the hanging up part doesn't impact my opinion much.", '10lhyki'], ['u/superbbfan', 18, '2023-01-26 14:06', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5ygcqp/', 'I think Patsy really loved her and was in shock when she found her, I’m pretty sure Burke did it and they covered it up (badly) for social appearances', '10lhyki'], ['u/MiddleAgedCool', 17, '2023-01-26 14:37', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5yk1x8/', 'I’m no expert, but from the first moment of that call, I thought Patsy was acting. Poorly.', '10lhyki'], ['u/poeticspider', 15, '2023-01-26 14:39', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5yk85o/', 'Language experts are about as reliable as psychics.', '10lhyki'], ['u/BonsaiBobby', 10, '2023-01-26 14:50', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5yllcg/', 'Patsy using qualifications rather than a description of the actual situation is very telling. It sounds more like a movie-scenario. Staging the scene.', '10lhyki'], ['u/JezzicaRabbit', 31, '2023-01-26 14:52', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5ylvxe/', '"I\'m the mother!" sounds like she\'s playing a part in a movie or play, an act!', '10lhyki'], ['u/gnarlycarly18', 21, '2023-01-26 15:06', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5ynrm7/', 'The 911 call is tricky because I’m unsure if my reaction to it is confirmation bias coming out or not- I’m a firm believer PDI, or that if she didn’t do it, she was completely aware of what actually happened. So it definitely comes off as scripted/fake rather than legitimate. \n\nI think what the 911 operator said she heard at the end of the call was interesting. Kim Archuleta (the operator) stated she heard what sounded like someone saying at the end of the call (when Patsy tried to hang up the phone but the call didn’t fully terminate), “we called the police, now what?”, which, if that’s what was said, is strange to say when you think your daughter has been kidnapped by a “foreign faction”. I believe that Archuleta has also stated she felt the call was rehearsed and overall very strange. I give her testimony the most credence out of anyone else’s thoughts.', '10lhyki'], ['u/Mariska11', 16, '2023-01-26 15:18', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5ypaxg/', "It depends on the panic level of the caller. Ironically the one I mentioned above hung up on me in the middle of me telling her to stay on the line with me until the officer was with her. Most people in most circumstances stay on the line. Some beg us to keep on the line with them because they are scared. Some hang up because their aren't processing normally. I've heard a lot and still hear things that suprise me.", '10lhyki'], ['u/gnarlycarly18', 12, '2023-01-26 15:24', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5yq74i/', 'She was “enamored” with JB because she was an overbearing stage mom living her prime years vicariously through JB. Sure there was some genuine maternal love, but the “patsy couldn’t do it because she just loved JonBenet” doesn’t hold up because plenty of parents who’ve stated they loved and cared for their children have killed them.', '10lhyki'], ['u/MindfullyB', 13, '2023-01-26 17:17', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5z6xsq/', 'It’s a 911 call! Idk why everyone is expecting her to be deep and personal. She’s not speaking to her therapist. “Kidnapping” “6 year old” “blonde” “ransom note & who it’s from” “get here now” is all they need to know at that moment', '10lhyki'], ['u/Maschinenherz', 14, '2023-01-26 20:31', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j60284y/', 'Thank you for being there for us in those dark minutes where no one else is there to comfort us!', '10lhyki'], ['u/Mariska11', 13, '2023-01-26 20:36', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j602w99/', "I appreciate your kind words! This job definitely is a calling. I'm lucky and proud to work among such amazing and dedicated people.", '10lhyki']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, January 26, 2023', 37, '2023-01-26 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/', '10ljz7q', [['u/sjakaksms', 14, '2023-01-26 11:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5y1i4w/', 'Imo it is repeating the same pattern again. Run up, small consolidation, a fake out that gets sold quickly and then the real next run up. \n\n25k incoming.\n\nEdit: not consideration but consolidation', '10ljz7q'], ['u/but_without_words', 10, '2023-01-26 14:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5yh2m2/', "last i checked this was the most popular client: https://astral.ninja/\n\nthe protocol and ecosystem is very much a work in progress. in particular spam filtering hasn't been figured out. expect to be bombarded with random explicit images, for example.\n\np.s. this really isn't the right forum for asking about nostr, but it is very popular with bitcoiners :D", '10ljz7q'], ['u/EquitiesFIRE', 11, '2023-01-26 14:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5yi6cx/', 'Bitcoin will be at a 52 Week high by mid May', '10ljz7q'], ['u/Euphoricsoul', 10, '2023-01-26 14:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5ykzih/', 'US 4th Qtr GDP +2.9% vs projected +2.6%. \n\nSo much for there being a recession. 2023 could be an interesting and profitable year for markets.', '10ljz7q'], ['u/dopeboyrico', 13, '2023-01-26 15:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5yo3c2/', 'A growing economy for the second half of 2022 plus YoY CPI steadily declining month after month in the same timeframe.\n\nIf GDP continues to stay positive through March when YoY CPI begins to fall off a cliff, the bear thesis will be in shambles as markets will flip bullish knowing the economy is growing and inflation has fallen to or below target levels.', '10ljz7q'], ['u/xtal_00', 13, '2023-01-26 15:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5yrx04/', 'The largest Bitcoin ETFs are Canadian. BTCQ and BTCC.. around $1.2B total. What’s interesting is only Canadians can own these, so a similar per capita ownership in the US would be around $10B.', '10ljz7q'], ['u/_TROLL', 21, '2023-01-26 15:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5yu2cn/', 'How much of GDP growth actually represents productivity improvements at this point, versus the USD simply being devalued...?\n\nYou know, when a dozen eggs costs $7, and average new cars go for $35K, it\'s no surprise that GDP is also on a tear.\n\nThe entire economy is a Ponzi scheme that depends on an ever-increasing population. And yes, "this is good for Bitcoin".', '10ljz7q'], ['u/DEEPFIELDSTAR', 14, '2023-01-26 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5zgugs/', "> I thought 12k was coming when we were at 16k.\n\nAnd at 12k you'd let yourself be convinced that 8k was coming. And if 8k came you'd let people convince you 3k was coming. \n\nAnd you wouldn't have bought a single sat. \n\nThis is how bottoms have played out everytime during the last 4 cycles I've lived through. There is never consensus in here about when a bottom is reached. Never. You only know it 6-12 months later looking backwards.", '10ljz7q'], ['u/AccidentalArbitrage', 12, '2023-01-26 18:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5zkhy6/', ">Lots of data out there indicating inflation hasn't really cooled. \n\nPure nonsense. \n\nIs inflation gone? Absolutely not. Has it cooled significantly? Absolutely.", '10ljz7q'], ['u/SwiZZlenator', 11, '2023-01-26 19:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5zshur/', 'HELOC update - this whole process is eye opening regarding how inefficient tradfi really is. HELOC application to funds available: 3 weeks. Cashier’s check from credit union to my bank: 2 business days to clear. Wire from bank to exchange: 2 business days to post.\n\nAfter all that, $120k is finally in my exchange account and available for trading.\n\nYesterday’s spike to $23.8 nuked a lot of high lev shorts. There is another big cluster of long liqs between $21-22k. I’ll gladly fat finger buy if we get down there… anyone think $23k is a good risk/reward spot buy in the short to medium term?', '10ljz7q'], ['u/Ok_File_9520', 19, '2023-01-26 19:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5zuo2r/', 'Feeling both bullish and bearish at the same time.', '10ljz7q'], ['u/DamonAndTheSea', 10, '2023-01-26 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5zurba/', 'Man .. [really looks like SPY wants to pop.](https://www.tradingview.com/x/gwPBMA9t/) We may see a Q1 run. It’d certainly flummox all the macro bros. If this week closes well over 403, I think we’ll get continuation into Feb. 3W MACD nicely curling up here against macro downtrend. Should be an interesting few weeks.', '10ljz7q'], ['u/Rape-Putins-Corpse', 15, '2023-01-26 20:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j5zxow3/', "It's a me Macrio!", '10ljz7q'], ['u/GenghisKhanSpermShot', 10, '2023-01-26 20:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j600v53/', "Already popped, DJI & Rut already broke their downtrends from the top, QQQ already broke it's downtrend and re-tested yesterday. Here is a chart of [QQQ + SPX + BTC](https://pbs.twimg.com/media/Fnac9VpaEAACYpZ?format=jpg&name=medium) and it broke major resistance from the top last Friday and [now sitting on it](https://pbs.twimg.com/media/FnadnwuaAAE3w2s?format=jpg&name=medium).\n\nEver since the bottom when the charts started to change all I got was grief from the macro bros, they don't see what's right in front of them, they speculate on the future and go off their feelings and what they THINK the FED will do.", '10ljz7q'], ['u/imissusenet', 18, '2023-01-26 20:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ljz7q/daily_discussion_thursday_january_26_2023/j6028ho/', 'Further down the daily is a list of ways to play BTC in your tax-advantaged account. One I jumped on (thanks to a tip posted here) was MSTR debt:\n\n[https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=FMSTR5327169](https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=FMSTR5327169)\n\nGrabbed some the last trading day of 2022 for 56.4 cents on the dollar. Last trade was 74 cents on the dollar.\n\nEDIT: Bill Miller bought some in 2020.\n\n[https://millervalue.com/4q20-income-strategy-letter/](https://millervalue.com/4q20-income-strategy-letter/)', '10ljz7q']]], ['u/rBitcoinMod', 'Daily Discussion, January 26, 2023', 47, '2023-01-26 07:01', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10krr7c/daily_discussion_january_25_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/', '10ll0r2', [['u/Romsel87', 10, '2023-01-26 07:03', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5xhx2u/', '🌽🌽🌽', '10ll0r2'], ['u/Llonga', 14, '2023-01-26 09:14', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5xsqvh/', 'GET YOUR COINS OUT OF MY WIFES MOUTH… no, wait…', '10ll0r2'], ['u/Bad_Camel', 13, '2023-01-26 10:41', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5xz12h/', 'We just reached 4.8 million subs. Going to buy some more non-kyc corn to celebrate.', '10ll0r2'], ['u/user_name_checks_out', 12, '2023-01-26 11:18', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5y1mkx/', 'Redditor finds a locked safe washed up on the shore and busts it open: [link](https://old.reddit.com/r/pics/comments/10ldkmb/so_i_found_this_on_the_beach_at_low_tide_feel/j5wgu6p/)\n\nThe part that made me smile was his musings as to what the safe might contain:\n\n> A hard drive with millions of dollars worth of Bitcoins?\n\nIn fact it was empty :(', '10ll0r2'], ['u/BigDeezerrr', 15, '2023-01-26 15:03', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5ync95/', 'China mining ban and FTX were a little swanish', '10ll0r2'], ['u/Alfador8', 10, '2023-01-26 16:29', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5yzkfh/', 'The super duper double dog pinky promise time', '10ll0r2'], ['u/Melodic_Temporary_12', 14, '2023-01-26 16:47', 'https://www.reddit.com/r/Bitcoin/comments/10ll0r2/daily_discussion_january_26_2023/j5z2ead/', 'Last chance to buy under 25k!', '10ll0r2']]], ['u/Narrow_Board147', 'Does this bitcoin conversion make sense or am I being scammed', 10, '2023-01-26 09:10', 'https://www.reddit.com/r/BitcoinBeginners/comments/10lmz5s/does_this_bitcoin_conversion_make_sense_or_am_i/', "I’m supposed to receive funds through PayPal but first have to put in a deposit to a wallet address and this is the explanation. Is this legit or a scam. \n\n“Like I get charges on every transaction\nLess or big\nSo I'm using a company business\naccount and I linked it with a bitcoin to\nsort our additional bank charges on\nany transaction to PayPal... and your\npayment can't be canceled or reduced\nI explained to you In our previous chat", 'https://www.reddit.com/r/BitcoinBeginners/comments/10lmz5s/does_this_bitcoin_conversion_make_sense_or_am_i/', '10lmz5s', [['u/MaxSan', 28, '2023-01-26 09:13', 'https://www.reddit.com/r/BitcoinBeginners/comments/10lmz5s/does_this_bitcoin_conversion_make_sense_or_am_i/j5xsov0/', 'Any deposit to any wallet address to withdraw funds is a scam.', '10lmz5s'], ['u/RoachWithWings', 16, '2023-01-26 09:17', 'https://www.reddit.com/r/BitcoinBeginners/comments/10lmz5s/does_this_bitcoin_conversion_make_sense_or_am_i/j5xszw2/', "SCAM\n\nAvoid it like it's plague", '10lmz5s']]], ['u/himtnboy', 'Is this a good plan?anonymizing my btc.', 10, '2023-01-26 09:38', 'https://www.reddit.com/r/Bitcoin/comments/10lncgn/is_this_a_good_plananonymizing_my_btc/', 'About 4 years ago I bought a Ledger and moved all my coin to it from Coinbase. It has sat there since, so it is easily traced back to me.\n\nNow, after trying with multiple devices and cords, I cannot connect my Ledger to Ledger Live. I accept it is physically broken and I ordered a new one. I have wanted to anonymize my btc for a while, so I think this is a good opportunity. \n\nMy plan is to create a whole new wallet on my new Ledger, then access my old wallet from an old cell phone, then send my coin in chunks to Samourai to mix it and then send it to my new wallet. Is this a sound plan? Am I missing anything?', 'https://www.reddit.com/r/Bitcoin/comments/10lncgn/is_this_a_good_plananonymizing_my_btc/', '10lncgn', [['u/bo8od', 12, '2023-01-26 11:03', 'https://www.reddit.com/r/Bitcoin/comments/10lncgn/is_this_a_good_plananonymizing_my_btc/j5y0jjg/', 'There is a high chance that you will miss one anonymity step in the exercise and dox everything. It is very hard to scrub ownership. You forget to set your vpn, don’t vary your mixing times & amounts etc. everything has to be done perfect, every time. Safely store your coins. Make sure you have a plan for who gets them when you die and don’t do dumb shit like tax evasion and you’ll be fine.', '10lncgn']]], ['u/TazeAgain', 'How can 21,000,000 BTC be enough for Earth?', 116, '2023-01-26 12:13', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/', "EDIT: Thanks for all the information and helpful responses🙏🏽\n\nForgive my ignorance/inability to solve this one myself, but how can the world use 21,000,000 BTC? \n\nI don't see how it can work practically, that's not to say it can't but I don't understand. \n\nIf there was only 21 million dollars to go around and there was no inflation aspect then how would that work? Am I stupid lol", 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/', '10lpgva', [['u/Keepitcruel', 29, '2023-01-26 12:16', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y5xkg/', 'Search: what is a satoshi?', '10lpgva'], ['u/longonbtc', 416, '2023-01-26 12:20', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y69od/', "There's a maximum supply of 2.1 quadrillion satoshis. That number is so large that the human brain cannot comprehend the true size of it.\n\nSatoshis can already be divided into a thousand smaller units on the Lightning Network. These smaller units are called millisatoshis, or millisats & msats for short. \n\nIf enough bitcoin was ever lost (wont happen), or if a bitcoin is ever so valuable that it would be highly beneficial to have a smaller unit than a satoshi on the base layer (could happen), then a BIP (Bitcoin improvement proposal) can be proposed that would add decimal places. Thus, enabling satoshis to be divided into smaller units on the base layer. With smaller units being so beneficial in this situation and without there being any downsides, the users running full nodes would most likely come to consensus on implementing such a BIP if this were to ever happen.", '10lpgva'], ['u/diradder', 12, '2023-01-26 12:22', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y6f02/', 'And then millisatoshi (on LN) :D', '10lpgva'], ['u/LuckoftheAmish', 93, '2023-01-26 12:25', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y6oc8/', "Since everyone else here seems to be too dense to give a straight answer, if there were only 21 million dollars to go around we'd deal in cents.", '10lpgva'], ['u/DryTechnology5224', 72, '2023-01-26 12:46', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y8dsz/', 'Instead of 21,000,000 bitcoins you should look at it like 2,100,000,000,000,000 satoshis. Plenty to go around.', '10lpgva'], ['u/RyHenZen', 62, '2023-01-26 12:53', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y931x/', 'there are an infinite amount of numbers between 1 and 2', '10lpgva'], ['u/BDB8566', 15, '2023-01-26 12:54', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y9658/', 'The total number is arbitrary. It could be 21 billion, 21 million, or just 21 total bitcoin - it would still work the same way.', '10lpgva'], ['u/NitronBot106', 12, '2023-01-26 13:02', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5y9uxl/', 'The total quantity is irrelevant since it is infinitely divisible.', '10lpgva'], ['u/LuckoftheAmish', 45, '2023-01-26 13:13', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5yaugf/', "There's never an official change in terminology, just a change in price. There was a time when you could get a can of soda from a vending machine for 25 cents. Then later it was 50 cents, then 75 cents, then a dollar. The price has gone up, but cents are still cents, and dollars are still dollars. The only thing that changes is our baseline opinion of what price is normal. With deflation it's just the same process in reverse. Today a gallon of gas might be 3 dollars, but if the circulating supply of money was 10% of what it is today, a gallon of gas would be 30 cents. If the money supply was 1% of what it is today, a gallon of gas would be 3 cents.", '10lpgva'], ['u/TazeAgain', 11, '2023-01-26 13:27', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5yc9mn/', "I understand that now yes, I see. You've joined some dots for me, thank you for your contribution", '10lpgva'], ['u/MichaelTheWriter101', 12, '2023-01-26 13:29', 'https://www.reddit.com/r/Bitcoin/comments/10lpgva/how_can_21000000_btc_be_enough_for_earth/j5ych4p/', "You're not entirely wrong. BTC will almost certainly not 'replace' dollars (or most any other fiat currency). People into crypto often act like inflation is the worst possible thing, but it is not and it helps to keep the economy going (though it certainly does have some very significant problems too). \n\nBTC will, hopefully, become an additional currency that is used both to buy and sell things, and as a digital asset that can be used as an investment. It will, hopefully, exist alongside various other fiat currencies just like the US dollar exists alongside hundreds of other currencies around the world. BTC would simply be more of a global option. \n\nWhy? Well, because having a global currency like BTC exist alongside traditional fiat helps everyone. Governments (or central banks) would know that if they try to inflate their currency to much, people can and will just flee into BTC to help protect their money's value. The governments would still be able to try to keep low level inflation (2%) of fiat, but much less recklessly. (hopefully).\n\nRegarding your 21m question, currently 1 sat = about $....
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["The U.S. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries.\n“Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world,” U.S. Attorney General Merrick B. Garland said in astatement.\nSince June 2021, the Justice Department says, the group has targeted more than 1,500 victims worldwide and received over $100 million in cryptocurrency ransom payments. The DOJ says the FBI’s operation to penetrate Hive’s network began in July 2022 and was able to provide over 1,300 decryption keys to help victims recover their data and systems—including critical infrastructure one.\nThe agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive.\nFBI Says Crypto Payments Are a 'Huge Challenge' Amid Rise in Ransomware Attacks\nRansomware is software that can lock a computer and demand a ransom to restore access. While any device connected to the internet could potentially be a victim of ransomware,phishingattacks are generally the primary attack vector.\nAccording to the agency, Hive typically targets a victim by stealing sensitive data (emails, documents, pictures, and videos) and then encrypting their computer files. The group would then demand a ransom in Bitcoin for the decryption key necessary to restore the files and extort additional funds in exchange for a promise not to publish the stolen data on the dark web. If the victim did not pay, Hive would publish the stolen data.\nBlockchain forensic firm Chainalysis recentlyreportedthe revenue from ransomware attacks has decreased by 40%, going from $766 million in 2021 to $457 million in 2022. The firm attributed the drop in ransomware payments to victims’ increasing unwillingness to pay and an increase in cybersecurity awareness,callingthe takedown of Hive a victory for cryptocurrency, law enforcement, and national security.\n“Cybercrime is a constantly evolving threat,” Garland said. “But as I have said before, the Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack.”", "The U.S. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries. \x93Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world,\x94 U.S. Attorney General Merrick B. Garland said in a statement . Since June 2021, the Justice Department says, the group has targeted more than 1,500 victims worldwide and received over $100 million in cryptocurrency ransom payments. The DOJ says the FBI\x92s operation to penetrate Hive\x92s network began in July 2022 and was able to provide over 1,300 decryption keys to help victims recover their data and systems\x97including critical infrastructure one. The agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive. FBI Says Crypto Payments Are a 'Huge Challenge' Amid Rise in Ransomware Attacks Ransomware is software that can lock a computer and demand a ransom to restore access. While any device connected to the internet could potentially be a victim of ransomware, phishing attacks are generally the primary attack vector. According to the agency, Hive typically targets a victim by stealing sensitive data (emails, documents, pictures, and videos) and then encrypting their computer files. The group would then demand a ransom in Bitcoin for the decryption key necessary to restore the files and extort additional funds in exchange for a promise not to publish the stolen data on the dark web. If the victim did not pay, Hive would publish the stolen data. Congratulations to @TheJusticeDept and @Europol on the disruption of Hive ransomware. Learn why today\x92s shutdown is great news not just for the #crypto and cybersecurity communities, but for businesses around the world. https://t.co/nq4u2vUPBO https://t.co/vEiEiklYP6 \x97 Chainalysis (@chainalysis) January 26, 2023 Blockchain forensic firm Chainalysis recently reported the revenue from ransomware attacks has decreased by 40%, going from $766 million in 2021 to $457 million in 2022. The firm attributed the drop in ransomware payments to victims\x92 increasing unwillingness to pay and an increase in cybersecurity awareness, calling the takedown of Hive a victory for cryptocurrency, law enforcement, and national security. \x93Cybercrime is a constantly evolving threat,\x94 Garland said. \x93But as I have said before, the Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack.\x94", 'Good morning. Here’s what’s happening:\nPrices:GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data.\nInsights:Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,078.95\n−14.7▼1.3%\nBitcoin (BTC)\n$22,892\n−322.5▼1.4%\nEthereum (ETH)\n$1,582\n−41.5▼2.6%\nS&P 500 daily close\n4,060.43\n+44.2▲1.1%\nGold\n$1,931\n−10.1▼0.5%\nTreasury Yield 10 Years\n3.49%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Remains Unimpressed by Latest GDP, Jobs Data\nBy James Rubin\nBitcoin was unimpressed by the latest U.S. gross domestic product (GDP) data, an unexpectedly small jump that suggested the economy was cooling, and jobless claims that indicated it was not.\nThe largest cryptocurrency by market capitalization was recently trading a little below its most recent $23,000 support line, down 1.4% over the past 24 hours. Still Bitcoin\'s more than 35% rise this year remains a feel-good story, even if analysts remain wary about its short-term prospects, along with those of other cryptos still reeling from the industry misdeeds of 2022.\n"An uptick in volume in conjunction with higher prices is generally a bullish sign," CoinDesk Crypto Markets Analyst Glenn Williams wrote in his weekday column. "Flat prices however, signal that bullish and bearish investors are both actively expressing their market views."\nEther followed a similar slightly reddish path to trade just below its current $1,600 support. Other major cryptos sank more deeply with layer 1 network Aptos Network\'s APT token recently plunging nearly 5% to lose some of the ample ground it gained earlier this week. APT was changing hands comfortably over $17, far removed from its levels around $3.50 at the start of the year. Ethereum scaling tool Polygon\'s MATIC token was the exception to Thursday\'s price trend, recently rising more than 7%. MATICis upabout 45% in 2023 amida spikein daily transactions. The Polygon platform has the second-largest number ofdaily active users (DAU), according to data from Token Terminal.\nTheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 1%.\nEquity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts.\nThe 2.5% rise in GDP and an unexpected decline in jobless claims on Thursday had little impact on the current investment environment, which turned cautiously hopeful that inflation will continue waning without the economy falling into deep recession. That combination would likely enable the U.S. central bank to ratchet back the size of its next interest rate hike next week.\nIn an interview on CoinDesk TV\'s "First Mover" program, Jason Pagoulatos, markets associate at research group Delphi Digital, said that he didn\'t think the latest GDP would have a great affect on crypto markets. Pagoulatos said that instead, investors were eyeing the Federal Reserve\'s upcoming interest rate decision, although more for accompanying comments than whether Fed governors raise interest rates by 25 or 50 basis points.\n"The market knows that the rate hikes are going continue but at a slower pace until they reach whatever their terminal rate is," he said. "The main question is that people are trying to get clarity over is how long and then what that ultimately means for things that are still showing signs of strength like the labor market."\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+7.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.0%", "DACS Sector": "Computing"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.1%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}]\nLitecoin Forges Onward\nBy Sam Reynolds\nForgotten in the carnage of 2022, where new, fancy, layer 1 protocols had their price and total value locked (TVL) decimated, was litecoin. Markets data shows that it outperformed both bitcoin and ether throughout the year.\nThe Litecoin network has been around since 2011, a fork of the Bitcoin blockchain, and LTC is the first altcoin. Litecoin has stayed on the sidelines while the market became infatuated with Ethereum and layer 1 blockchains including Solana, Avalanche, Polkadot and whatever else is surging at the moment.\nAside from an episode in the fall of 2021involving a fake press releaseand Walmart, Litecoin,despite its $6 billion market cap, just doesn’t command the same kind of attention as its decentralized finance-focused contemporaries (there is a smallLitecoin DeFi community via the BoringDAO), nor does it have the institutional interest. Grayscale’s Litecoin Trust, for instance, only has assets under management of $136 million, compared to the $14.65 billion in the Grayscale Bitcoin Trust (GBTC),and trades at a 55% discount compared to GBTC’s 42%.\nDespite all this, over the last year, LTC is only down around 17% compared to 34% for ether and 37% for bitcoin.\nData shared by CryptoQuant contributing analyst Mohsen Saleh shows that both whales and retail investors are bullish on litecoin.\nThe supply distribution indicates that the assets in wallets holding fewer than 10,000 LTC decreased from August 2020 to May 2022. However, after May this cohort began increasing their holdings, and their collective bag has grown 10% since then.\nMeanwhile, the cohort of wallets that hold fewer than 100,000 litecoin each now collectively holds more than 39 million LTC, showing that whales are also building up their supply.\n“We have seen increased trading volume on litecoin pairs over the past year, indicating that traders may be valuing faster [peer-to-peer] transactions in a bear market,” OKX Managing Director of Financial Markets Lennex Lai told CoinDesk.\nLai pointed out that shorter transaction and processing times, when compared to bitcoin, made it a diversification play for many traders.\nThere’s also the halving narrative. Like Bitcoin, of which the Litecoin protocol was forked, the rewards delivered to miners are expected to decrease from 12.5 LTC to 6.5 LTC sometime in August. In turn, this reduces the supply of litecoin available as the mining process becomes less efficient. The previous halvings in August 2015 and August 2019 also pushed a bullish trend,as CoinDesk previously reported.\n“It could be argued that the cryptocurrency’s price trajectory is displaying a stock-to-flow model, similar to previous halvings [where] a price rally takes place in the months leading to the halving event,” Andrey Stoychev, a project manager on Nexo’s Institutional Prime Brokerage team, told CoinDesk.\nStoychev adds that litecoin’s decade-plus existence on the market means a lot for traders, who continue to HODL through the good times and bad.\nIn crypto, sometimes it is slow and steady that wins the race. Even though it might not be exciting, the staying power of LTC as a store of value is the narrative that the market seems to respect.\nLitecoin is trading at about $87.50, down about 3.5% over the past 24 hours.\n9:30 p.m. HKT/SGT(13:30 UTC)United States Core Personal Consumption Expenditures - Price Index (MoM/Dec)\n9:30 p.m. HKT/SGT(13:30 UTC)United States Personal Income (MoM/Dec)\n11:00 p.m. HKT/SGT(15:00 UTC)Michigan Consumer Sentiment Index (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase’s $3.6M Dutch Fine Shows Crypto Will Hit Road Bumps as It Goes Mainstream:As crypto comes within the regulatory fold, there will be disputes over rules, procedures and jurisdiction – and the relatively compliant may end up bearing the brunt of regulators’ wrath.\nSam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say:Seeking to locate allegedly misappropriated funds, the lawyers from the bankrupt crypto exchange have gotten some answers from the founder\'s father.\nMoody’s Developing Scoring System for Stablecoins: Bloomberg:The move comes as the quality of stablecoin reserves continues to receive scrutiny.\nPolygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says:A surge in daily addresses was partially due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram.\nHollywood in Web3, StoryCo Raises $6M to Decentralize Storytelling:The platform just released its first story universe, a token-gated experience that encourages community members to build out its narrative while decentralizing IP.', 'Good morning. Here’s what’s happening: Prices: GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data. Insights: Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies. Prices CoinDesk Market Index (CMI) 1,078.95 −14.7 ▼ 1.3% Bitcoin (BTC) $22,892 −322.5 ▼ 1.4% Ethereum (ETH) $1,582 −41.5 ▼ 2.6% S&P 500 daily close 4,060.43 +44.2 ▲ 1.1% Gold $1,931 −10.1 ▼ 0.5% Treasury Yield 10 Years 3.49% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Remains Unimpressed by Latest GDP, Jobs Data By James Rubin Bitcoin was unimpressed by the latest U.S. gross domestic product (GDP) data, an unexpectedly small jump that suggested the economy was cooling, and jobless claims that indicated it was not. The largest cryptocurrency by market capitalization was recently trading a little below its most recent $23,000 support line, down 1.4% over the past 24 hours. Still Bitcoin\'s more than 35% rise this year remains a feel-good story, even if analysts remain wary about its short-term prospects, along with those of other cryptos still reeling from the industry misdeeds of 2022. "An uptick in volume in conjunction with higher prices is generally a bullish sign," CoinDesk Crypto Markets Analyst Glenn Williams wrote in his weekday column. "Flat prices however, signal that bullish and bearish investors are both actively expressing their market views." Ether followed a similar slightly reddish path to trade just below its current $1,600 support. Other major cryptos sank more deeply with layer 1 network Aptos Network\'s APT token recently plunging nearly 5% to lose some of the ample ground it gained earlier this week. APT was changing hands comfortably over $17, far removed from its levels around $3.50 at the start of the year. Ethereum scaling tool Polygon\'s MATIC token was the exception to Thursday\'s price trend, recently rising more than 7%. MATIC is up about 45% in 2023 amid a spike in daily transactions. The Polygon platform has the second-largest number of daily active users (DAU) , according to data from Token Terminal. Story continues The CoinDesk Market Index (CDI), an index measuring cryptos\' performance, recently decreased about 1%. Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts. The 2.5% rise in GDP and an unexpected decline in jobless claims on Thursday had little impact on the current investment environment, which turned cautiously hopeful that inflation will continue waning without the economy falling into deep recession. That combination would likely enable the U.S. central bank to ratchet back the size of its next interest rate hike next week. In an interview on CoinDesk TV\'s "First Mover" program, Jason Pagoulatos, markets associate at research group Delphi Digital, said that he didn\'t think the latest GDP would have a great affect on crypto markets. Pagoulatos said that instead, investors were eyeing the Federal Reserve\'s upcoming interest rate decision, although more for accompanying comments than whether Fed governors raise interest rates by 25 or 50 basis points. "The market knows that the rate hikes are going continue but at a slower pace until they reach whatever their terminal rate is," he said. "The main question is that people are trying to get clarity over is how long and then what that ultimately means for things that are still showing signs of strength like the labor market." Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +7.9% Smart Contract Platform Chainlink LINK +1.0% Computing Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −5.1% Entertainment Solana SOL −4.6% Smart Contract Platform Cosmos ATOM −4.0% Smart Contract Platform Insights Litecoin Forges Onward By Sam Reynolds Forgotten in the carnage of 2022, where new, fancy, layer 1 protocols had their price and total value locked (TVL) decimated, was litecoin. Markets data shows that it outperformed both bitcoin and ether throughout the year. The Litecoin network has been around since 2011, a fork of the Bitcoin blockchain, and LTC is the first altcoin. Litecoin has stayed on the sidelines while the market became infatuated with Ethereum and layer 1 blockchains including Solana, Avalanche, Polkadot and whatever else is surging at the moment. Aside from an episode in the fall of 2021 involving a fake press release and Walmart, Litecoin, despite its $6 billion market cap , just doesn’t command the same kind of attention as its decentralized finance-focused contemporaries (there is a small Litecoin DeFi community via the BoringDAO ), nor does it have the institutional interest. Grayscale’s Litecoin Trust, for instance, only has assets under management of $136 million, compared to the $14.65 billion in the Grayscale Bitcoin Trust (GBTC), and trades at a 55% discount compared to GBTC’s 42% . Despite all this, over the last year, LTC is only down around 17% compared to 34% for ether and 37% for bitcoin. Litecoin/U.S dollar daily chart (TradingView) Data shared by CryptoQuant contributing analyst Mohsen Saleh shows that both whales and retail investors are bullish on litecoin. The supply distribution indicates that the assets in wallets holding fewer than 10,000 LTC decreased from August 2020 to May 2022. However, after May this cohort began increasing their holdings, and their collective bag has grown 10% since then. Meanwhile, the cohort of wallets that hold fewer than 100,000 litecoin each now collectively holds more than 39 million LTC, showing that whales are also building up their supply. “We have seen increased trading volume on litecoin pairs over the past year, indicating that traders may be valuing faster [peer-to-peer] transactions in a bear market,” OKX Managing Director of Financial Markets Lennex Lai told CoinDesk. Lai pointed out that shorter transaction and processing times, when compared to bitcoin, made it a diversification play for many traders. There’s also the halving narrative. Like Bitcoin, of which the Litecoin protocol was forked, the rewards delivered to miners are expected to decrease from 12.5 LTC to 6.5 LTC sometime in August. In turn, this reduces the supply of litecoin available as the mining process becomes less efficient. The previous halvings in August 2015 and August 2019 also pushed a bullish trend, as CoinDesk previously reported . “It could be argued that the cryptocurrency’s price trajectory is displaying a stock-to-flow model, similar to previous halvings [where] a price rally takes place in the months leading to the halving event,” Andrey Stoychev, a project manager on Nexo’s Institutional Prime Brokerage team, told CoinDesk. Stoychev adds that litecoin’s decade-plus existence on the market means a lot for traders, who continue to HODL through the good times and bad. In crypto, sometimes it is slow and steady that wins the race. Even though it might not be exciting, the staying power of LTC as a store of value is the narrative that the market seems to respect. Litecoin is trading at about $87.50, down about 3.5% over the past 24 hours. Prices Important events 9:30 p.m. HKT/SGT(13:30 UTC) United States Core Personal Consumption Expenditures - Price Index (MoM/Dec) 9:30 p.m. HKT/SGT(13:30 UTC) United States Personal Income (MoM/Dec) 11:00 p.m. HKT/SGT(15:00 UTC) Michigan Consumer Sentiment Index (Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Headlines Coinbase’s $3.6M Dutch Fine Shows Crypto Will Hit Road Bumps as It Goes Mainstream: As crypto comes within the regulatory fold, there will be disputes over rules, procedures and jurisdiction – and the relatively compliant may end up bearing the brunt of regulators’ wrath. Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say: Seeking to locate allegedly misappropriated funds, the lawyers from the bankrupt crypto exchange have gotten some answers from the founder\'s father. Moody’s Developing Scoring System for Stablecoins: Bloomberg: The move comes as the quality of stablecoin reserves continues to receive scrutiny. Polygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says: A surge in daily addresses was partially due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram. Hollywood in Web3, StoryCo Raises $6M to Decentralize Storytelling: The platform just released its first story universe, a token-gated experience that encourages community members to build out its narrative while decentralizing IP.', 'Good morning. Here’s what’s happening:\nPrices:GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data.\nInsights:Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,078.95\n−14.7▼1.3%\nBitcoin (BTC)\n$22,892\n−322.5▼1.4%\nEthereum (ETH)\n$1,582\n−41.5▼2.6%\nS&P 500 daily close\n4,060.43\n+44.2▲1.1%\nGold\n$1,931\n−10.1▼0.5%\nTreasury Yield 10 Years\n3.49%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Remains Unimpressed by Latest GDP, Jobs Data\nBy James Rubin\nBitcoin was unimpressed by the latest U.S. gross domestic product (GDP) data, an unexpectedly small jump that suggested the economy was cooling, and jobless claims that indicated it was not.\nThe largest cryptocurrency by market capitalization was recently trading a little below its most recent $23,000 support line, down 1.4% over the past 24 hours. Still Bitcoin\'s more than 35% rise this year remains a feel-good story, even if analysts remain wary about its short-term prospects, along with those of other cryptos still reeling from the industry misdeeds of 2022.\n"An uptick in volume in conjunction with higher prices is generally a bullish sign," CoinDesk Crypto Markets Analyst Glenn Williams wrote in his weekday column. "Flat prices however, signal that bullish and bearish investors are both actively expressing their market views."\nEther followed a similar slightly reddish path to trade just below its current $1,600 support. Other major cryptos sank more deeply with layer 1 network Aptos Network\'s APT token recently plunging nearly 5% to lose some of the ample ground it gained earlier this week. APT was changing hands comfortably over $17, far removed from its levels around $3.50 at the start of the year. Ethereum scaling tool Polygon\'s MATIC token was the exception to Thursday\'s price trend, recently rising more than 7%. MATICis upabout 45% in 2023 amida spikein daily transactions. The Polygon platform has the second-largest number ofdaily active users (DAU), according to data from Token Terminal.\nTheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 1%.\nEquity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts.\nThe 2.5% rise in GDP and an unexpected decline in jobless claims on Thursday had little impact on the current investment environment, which turned cautiously hopeful that inflation will continue waning without the economy falling into deep recession. That combination would likely enable the U.S. central bank to ratchet back the size of its next interest rate hike next week.\nIn an interview on CoinDesk TV\'s "First Mover" program, Jason Pagoulatos, markets associate at research group Delphi Digital, said that he didn\'t think the latest GDP would have a great affect on crypto markets. Pagoulatos said that instead, investors were eyeing the Federal Reserve\'s upcoming interest rate decision, although more for accompanying comments than whether Fed governors raise interest rates by 25 or 50 basis points.\n"The market knows that the rate hikes are going continue but at a slower pace until they reach whatever their terminal rate is," he said. "The main question is that people are trying to get clarity over is how long and then what that ultimately means for things that are still showing signs of strength like the labor market."\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+7.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.0%", "DACS Sector": "Computing"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.1%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}]\nLitecoin Forges Onward\nBy Sam Reynolds\nForgotten in the carnage of 2022, where new, fancy, layer 1 protocols had their price and total value locked (TVL) decimated, was litecoin. Markets data shows that it outperformed both bitcoin and ether throughout the year.\nThe Litecoin network has been around since 2011, a fork of the Bitcoin blockchain, and LTC is the first altcoin. Litecoin has stayed on the sidelines while the market became infatuated with Ethereum and layer 1 blockchains including Solana, Avalanche, Polkadot and whatever else is surging at the moment.\nAside from an episode in the fall of 2021involving a fake press releaseand Walmart, Litecoin,despite its $6 billion market cap, just doesn’t command the same kind of attention as its decentralized finance-focused contemporaries (there is a smallLitecoin DeFi community via the BoringDAO), nor does it have the institutional interest. Grayscale’s Litecoin Trust, for instance, only has assets under management of $136 million, compared to the $14.65 billion in the Grayscale Bitcoin Trust (GBTC),and trades at a 55% discount compared to GBTC’s 42%.\nDespite all this, over the last year, LTC is only down around 17% compared to 34% for ether and 37% for bitcoin.\nData shared by CryptoQuant contributing analyst Mohsen Saleh shows that both whales and retail investors are bullish on litecoin.\nThe supply distribution indicates that the assets in wallets holding fewer than 10,000 LTC decreased from August 2020 to May 2022. However, after May this cohort began increasing their holdings, and their collective bag has grown 10% since then.\nMeanwhile, the cohort of wallets that hold fewer than 100,000 litecoin each now collectively holds more than 39 million LTC, showing that whales are also building up their supply.\n“We have seen increased trading volume on litecoin pairs over the past year, indicating that traders may be valuing faster [peer-to-peer] transactions in a bear market,” OKX Managing Director of Financial Markets Lennex Lai told CoinDesk.\nLai pointed out that shorter transaction and processing times, when compared to bitcoin, made it a diversification play for many traders.\nThere’s also the halving narrative. Like Bitcoin, of which the Litecoin protocol was forked, the rewards delivered to miners are expected to decrease from 12.5 LTC to 6.5 LTC sometime in August. In turn, this reduces the supply of litecoin available as the mining process becomes less efficient. The previous halvings in August 2015 and August 2019 also pushed a bullish trend,as CoinDesk previously reported.\n“It could be argued that the cryptocurrency’s price trajectory is displaying a stock-to-flow model, similar to previous halvings [where] a price rally takes place in the months leading to the halving event,” Andrey Stoychev, a project manager on Nexo’s Institutional Prime Brokerage team, told CoinDesk.\nStoychev adds that litecoin’s decade-plus existence on the market means a lot for traders, who continue to HODL through the good times and bad.\nIn crypto, sometimes it is slow and steady that wins the race. Even though it might not be exciting, the staying power of LTC as a store of value is the narrative that the market seems to respect.\nLitecoin is trading at about $87.50, down about 3.5% over the past 24 hours.\n9:30 p.m. HKT/SGT(13:30 UTC)United States Core Personal Consumption Expenditures - Price Index (MoM/Dec)\n9:30 p.m. HKT/SGT(13:30 UTC)United States Personal Income (MoM/Dec)\n11:00 p.m. HKT/SGT(15:00 UTC)Michigan Consumer Sentiment Index (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase’s $3.6M Dutch Fine Shows Crypto Will Hit Road Bumps as It Goes Mainstream:As crypto comes within the regulatory fold, there will be disputes over rules, procedures and jurisdiction – and the relatively compliant may end up bearing the brunt of regulators’ wrath.\nSam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say:Seeking to locate allegedly misappropriated funds, the lawyers from the bankrupt crypto exchange have gotten some answers from the founder\'s father.\nMoody’s Developing Scoring System for Stablecoins: Bloomberg:The move comes as the quality of stablecoin reserves continues to receive scrutiny.\nPolygon Q4 Transaction Volatility Fueled by FTX Collapse, ZK Rollup Testing, Nansen Says:A surge in daily addresses was partially due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram.\nHollywood in Web3, StoryCo Raises $6M to Decentralize Storytelling:The platform just released its first story universe, a token-gated experience that encourages community members to build out its narrative while decentralizing IP.', 'Bitcoin and Ether gave up some of their January gains in Friday morning trading in Asia, though both are still higher for the week. Trading was mixed with most of the top 10 non-stablecoin cryptocurrencies edging into the red with the exception of Polygon, which rallied on more partnership news. U.S. equities rose overnight as economic indicators showed stronger growth.\nSee related article:Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief\n• Bitcoin dipped 0.36% to US$23,026 in the 24 hours to 8 a.m. in Hong Kong, but remains 9.21% higher for the seven days to date. Ether lost 0.53% to US$1,602 for a gain of\xa03.23% in the same weekly period, according toCoinMarketCap data.\n• Most other top 10 non-stablecoin crypto tokens gave up some recent gains in the morning, but Polygon’s MATIC rallied 13% to US$1.12 after blockchain analytics firm Arkham Intelligence said Thursdayit will begin supporting the Polygon blockchainin early 2023. MATIC has surged almost 50% since the start of the year on a series of bullish developments, such as a partnership withMastercard, and NFT gaming platformFractalexpanding onto the Polygon network.\n• The total crypto market capitalization grew 0.14% to US$1.05 trillion, while trading volume fell 10% to US$55.38 billion.\n• U.S. equity markets finished higher on Thursday. The Dow Jones Industrial Average rose 0.61%, the S&P 500 added 1.1% while the Nasdaq Composite gained 1.76% on signs the U.S. economy, the world’s biggest, is heading for a soft landing after a series of rapid interest rate hikes last year to try and brake a surge in inflation.\n• U.S. gross domestic product (GDP) released overnight grew 2.9% in the last quarter, beating the 2.6% expected in a Reuters’ poll. Consumer spending rose 2.1%, while weekly jobless claims fell 6,000 to 186,000, the lowest since April.\n• While some economistspolled by Reutersstill expect the U.S. to enter a recession in the second half of 2023, the view is it will be short and moderate because of the strong labor market.\n• Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed meets next week and the market consensus is it will raise rates again, but by a less aggressive 25 basis points.\nSee related article:Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens', 'Bitcoin and Ether gave up some of their January gains in Friday morning trading in Asia, though both are still higher for the week. Trading was mixed with most of the top 10 non-stablecoin cryptocurrencies edging into the red with the exception of Polygon, which rallied on more partnership news. U.S. equities rose overnight as economic indicators showed stronger growth.\nSee related article:Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief\n• Bitcoin dipped 0.36% to US$23,026 in the 24 hours to 8 a.m. in Hong Kong, but remains 9.21% higher for the seven days to date. Ether lost 0.53% to US$1,602 for a gain of\xa03.23% in the same weekly period, according toCoinMarketCap data.\n• Most other top 10 non-stablecoin crypto tokens gave up some recent gains in the morning, but Polygon’s MATIC rallied 13% to US$1.12 after blockchain analytics firm Arkham Intelligence said Thursdayit will begin supporting the Polygon blockchainin early 2023. MATIC has surged almost 50% since the start of the year on a series of bullish developments, such as a partnership withMastercard, and NFT gaming platformFractalexpanding onto the Polygon network.\n• The total crypto market capitalization grew 0.14% to US$1.05 trillion, while trading volume fell 10% to US$55.38 billion.\n• U.S. equity markets finished higher on Thursday. The Dow Jones Industrial Average rose 0.61%, the S&P 500 added 1.1% while the Nasdaq Composite gained 1.76% on signs the U.S. economy, the world’s biggest, is heading for a soft landing after a series of rapid interest rate hikes last year to try and brake a surge in inflation.\n• U.S. gross domestic product (GDP) released overnight grew 2.9% in the last quarter, beating the 2.6% expected in a Reuters’ poll. Consumer spending rose 2.1%, while weekly jobless claims fell 6,000 to 186,000, the lowest since April.\n• While some economistspolled by Reutersstill expect the U.S. to enter a recession in the second half of 2023, the view is it will be short and moderate because of the strong labor market.\n• Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed meets next week and the market consensus is it will raise rates again, but by a less aggressive 25 basis points.\nSee related article:Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens', 'Bitcoin and Ether gave up some of their January gains in Friday morning trading in Asia, though both are still higher for the week. Trading was mixed with most of the top 10 non-stablecoin cryptocurrencies edging into the red with the exception of Polygon, which rallied on more partnership news. U.S. equities rose overnight as economic indicators showed stronger growth. See related article: Regulators should not legitimize ‘purely speculative’ crypto activity: Singapore’s monetary authority chief Fast facts Bitcoin dipped 0.36% to US$23,026 in the 24 hours to 8 a.m. in Hong Kong, but remains 9.21% higher for the seven days to date. Ether lost 0.53% to US$1,602 for a gain of\xa03.23% in the same weekly period, according to CoinMarketCap data . Most other top 10 non-stablecoin crypto tokens gave up some recent gains in the morning, but Polygon’s MATIC rallied 13% to US$1.12 after blockchain analytics firm Arkham Intelligence said Thursday it will begin supporting the Polygon blockchain in early 2023. MATIC has surged almost 50% since the start of the year on a series of bullish developments, such as a partnership with Mastercard , and NFT gaming platform Fractal expanding onto the Polygon network. The total crypto market capitalization grew 0.14% to US$1.05 trillion, while trading volume fell 10% to US$55.38 billion. U.S. equity markets finished higher on Thursday. The Dow Jones Industrial Average rose 0.61%, the S&P 500 added 1.1% while the Nasdaq Composite gained 1.76% on signs the U.S. economy, the world’s biggest, is heading for a soft landing after a series of rapid interest rate hikes last year to try and brake a surge in inflation. U.S. gross domestic product (GDP) released overnight grew 2.9% in the last quarter, beating the 2.6% expected in a Reuters’ poll. Consumer spending rose 2.1%, while weekly jobless claims fell 6,000 to 186,000, the lowest since April. While some economists polled by Reuters still expect the U.S. to enter a recession in the second half of 2023, the view is it will be short and moderate because of the strong labor market. Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed meets next week and the market consensus is it will raise rates again, but by a less aggressive 25 basis points. See related article: Binance says it erroneously mixed customer funds with collateral for Binance-issued tokens', 'Bitcoin (BTC) is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by U.S. buyers, observers say.\n• "Bitcoin is up +40% year to date with +35% of those returns occurring during U.S. trading hours. That\'s an 85% contribution of the rally associated with U.S.-based investors," Markus Thielen, head of research and strategy at crypto services provider Matrixport, said in a note to clients on Friday.\n• "We interpret this as a clear signal that U.S. institutions are buyers of bitcoin right now," Thielen added.\n• Bitcoin surged 51% in January 2013.\n• Unlike stocks, bitcoin – and cryptocurrencies in general – trade 24 hours, allowing observers to keep track of order flows across different time zones and infer the source of buying or selling pressure.\n• Institutions\' bullish positioning is also evident from therenewed premiumin bitcoin futures listed on the Chicago Mercantile Exchange.\n• "Institutions are not only buying bitcoin spot; rather, we are also seeing consistently high premiums for perpetual futures. We interpret this as an indication that faster institutional traders and hedge funds are actively buying the recent dip in crypto markets," Thielen noted.\n• Deutsche Digital Assets made a similar observation earlier this month, drawing attention to the uptick inCoinbase premiumas evidence of increased buying interest from sophisticated U.S.-based investors relative to retail investors.\n• "Traditional and crypto-focused hedge funds, corporates and traditional asset managers have been buying," Coinbase Institutional\'s head of research, David Guong, wrote in a weekly market commentary published Jan. 20.\n• Bitcoin\'s institution-led bullish turnaround might be a good sign for the U.S. equity market, considering the cryptocurrency\'srecordof bottoming out weeks ahead of the S&P 500.', 'Bitcoin (BTC) is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by U.S. buyers, observers say.\n• "Bitcoin is up +40% year to date with +35% of those returns occurring during U.S. trading hours. That\'s an 85% contribution of the rally associated with U.S.-based investors," Markus Thielen, head of research and strategy at crypto services provider Matrixport, said in a note to clients on Friday.\n• "We interpret this as a clear signal that U.S. institutions are buyers of bitcoin right now," Thielen added.\n• Bitcoin surged 51% in January 2013.\n• Unlike stocks, bitcoin – and cryptocurrencies in general – trade 24 hours, allowing observers to keep track of order flows across different time zones and infer the source of buying or selling pressure.\n• Institutions\' bullish positioning is also evident from therenewed premiumin bitcoin futures listed on the Chicago Mercantile Exchange.\n• "Institutions are not only buying bitcoin spot; rather, we are also seeing consistently high premiums for perpetual futures. We interpret this as an indication that faster institutional traders and hedge funds are actively buying the recent dip in crypto markets," Thielen noted.\n• Deutsche Digital Assets made a similar observation earlier this month, drawing attention to the uptick inCoinbase premiumas evidence of increased buying interest from sophisticated U.S.-based investors relative to retail investors.\n• "Traditional and crypto-focused hedge funds, corporates and traditional asset managers have been buying," Coinbase Institutional\'s head of research, David Guong, wrote in a weekly market commentary published Jan. 20.\n• Bitcoin\'s institution-led bullish turnaround might be a good sign for the U.S. equity market, considering the cryptocurrency\'srecordof bottoming out weeks ahead of the S&P 500.', 'Bitcoin (BTC) is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by U.S. buyers, observers say. "Bitcoin is up +40% year to date with +35% of those returns occurring during U.S. trading hours. That\'s an 85% contribution of the rally associated with U.S.-based investors," Markus Thielen, head of research and strategy at crypto services provider Matrixport, said in a note to clients on Friday. "We interpret this as a clear signal that U.S. institutions are buyers of bitcoin right now," Thielen added. Bitcoin surged 51% in January 2013. Unlike stocks, bitcoin \x96 and cryptocurrencies in general \x96 trade 24 hours, allowing observers to keep track of order flows across different time zones and infer the source of buying or selling pressure. Institutions\' bullish positioning is also evident from the renewed premium in bitcoin futures listed on the Chicago Mercantile Exchange. "Institutions are not only buying bitcoin spot; rather, we are also seeing consistently high premiums for perpetual futures. We interpret this as an indication that faster institutional traders and hedge funds are actively buying the recent dip in crypto markets," Thielen noted. Deutsche Digital Assets made a similar observation earlier this month, drawing attention to the uptick in Coinbase premium as evidence of increased buying interest from sophisticated U.S.-based investors relative to retail investors. "Traditional and crypto-focused hedge funds, corporates and traditional asset managers have been buying," Coinbase Institutional\'s head of research, David Guong, wrote in a weekly market commentary published Jan. 20. Bitcoin\'s institution-led bullish turnaround might be a good sign for the U.S. equity market, considering the cryptocurrency\'s record of bottoming out weeks ahead of the S&P 500.', 'Bitcoin was up andEtherwas down during Asian trading hours on Friday as most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies by market capitalization.\nSee related article:A series of events: Crypto’s 2022 timeline\n• Bitcoin gained by 0.08% to US$23,003 in the 24 hours to 4:30 p.m. in Hong Kong. Ether was down 1.45% to US$1,582, according toCoinMarketCapdata.\n• MATICextendedits rally with a 9.07% surge to trade at US$1.09, far outpacing Polkadot, which was up 0.73% to US$6.46 to record the day’s second highest jump among the top 10 cryptocurrencies.\n• The global cryptocurrency market capitalization shrunk by 0.31% to US$1.05 trillion in the 24 hours to 4:30 p.m. in Hong Kong. The total crypto market trading volume decreased by 13.60% to US$54.14 billion.\n• Asian equities were up in line with Wall Street’s overnight rally, but Japan’s Nikkei 225 slid by 0.072%. Hong Kong’s Hang Seng Index closed the day 0.54% higher as investors hope for slower rate hikes in the U.S.\n• Members of the U.S. Federal Reserve are scheduled to meet next week to decide the next move on interest rates. The central bank is expected toannouncea 25 basis point rate increase.\n• China markets will reopen on Monday after staying closed throughout the week for the Lunar New Year holiday.\nSee related article:Are VCs looking for the next big crypto star in 2023?', 'Bitcoin was up andEtherwas down during Asian trading hours on Friday as most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies by market capitalization.\nSee related article:A series of events: Crypto’s 2022 timeline\n• Bitcoin gained by 0.08% to US$23,003 in the 24 hours to 4:30 p.m. in Hong Kong. Ether was down 1.45% to US$1,582, according toCoinMarketCapdata.\n• MATICextendedits rally with a 9.07% surge to trade at US$1.09, far outpacing Polkadot, which was up 0.73% to US$6.46 to record the day’s second highest jump among the top 10 cryptocurrencies.\n• The global cryptocurrency market capitalization shrunk by 0.31% to US$1.05 trillion in the 24 hours to 4:30 p.m. in Hong Kong. The total crypto market trading volume decreased by 13.60% to US$54.14 billion.\n• Asian equities were up in line with Wall Street’s overnight rally, but Japan’s Nikkei 225 slid by 0.072%. Hong Kong’s Hang Seng Index closed the day 0.54% higher as investors hope for slower rate hikes in the U.S.\n• Members of the U.S. Federal Reserve are scheduled to meet next week to decide the next move on interest rates. The central bank is expected toannouncea 25 basis point rate increase.\n• China markets will reopen on Monday after staying closed throughout the week for the Lunar New Year holiday.\nSee related article:Are VCs looking for the next big crypto star in 2023?', 'Bitcoin was up and Ether was down during Asian trading hours on Friday as most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies by market capitalization. See related article: A series of events: Crypto’s 2022 timeline Fast facts Bitcoin gained by 0.08% to US$23,003 in the 24 hours to 4:30 p.m. in Hong Kong. Ether was down 1.45% to US$1,582, according to CoinMarketCap data. MATIC extended its rally with a 9.07% surge to trade at US$1.09, far outpacing Polkadot, which was up 0.73% to US$6.46 to record the day’s second highest jump among the top 10 cryptocurrencies. The global cryptocurrency market capitalization shrunk by 0.31% to US$1.05 trillion in t
**Last 60 Days of Bitcoin's Closing Prices:**
[16217.32, 16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-27
**Financial & Commodity Data:**
- Gold Closing Price: $1928.60
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $442,438,113,250
- Hash Rate: 287769264.3540873
- Transaction Count: 303179.0
- Unique Addresses: 699439.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: National Grid has narrowly avoided activating its emergency blackout plan for the first time this winter as low wind speeds and nuclear outages push supply closer to the danger zone.
The company in charge of keeping the lights on saidon Monday morningthat it may need to pay households to switch appliances off during tea-time on Tuesday evening because of a looming power crunch.
By Monday afternoon it said the unprecedented action would not be necessary after surging power prices in the UK helped pull supply from the continent.
However, the tightness of the market at this stage in the year raises questions over market resilience. The electricity network has traditionally smoothed out peaks and troughs in demand with gas and coal but Britain’s power supplies increasingly depend on intermittent wind speeds as the West shifts away from fossil fuels and Russia chokes off gas supplies to Europe.
There have been fears aboutblackouts this winterdue to the loss of Russian fuel, as well as outages on France’s nuclear fleet, which has traditionally supplied power to the UK in times of need.
In October, National Grid warned of theprospect of rolling blackoutsin the UK if gas-fired power plants cannot get enough fuel to run and the UK cannot import power from the continent.
In response, the Grid set up its so-called “demand flexibility scheme” under which it will pay households to curb demand at peak times.
Households will need to have signed up with their supplier beforehand to get payments of £3 per kilowatt-hour of electricity saved - potentially yielding up to £20 per day if they cut their typical energy usage.
Monday’s notice that the scheme may be called upon is the first time it has been seriously considered.
This week’s problems are not as a result of gas shortages. Instead, National Grid was faced with forecasts of colder weather on top of low wind speeds on Tuesday evening, as well as lower output from both the French and UK nuclear fleet, which ware both owned by EDF.
Several of France’snuclear stations are offline due to maintenance or corrosion problems, which affects the UK’s power supplies as France has less to export and also needs imports.
Cold weather in France creates a particular pull on electricity supplies as so many of their homes are heated with electric heaters, rather than gas-fired boilers.
Meanwhile, two large ageing nuclear power stations in the UK have shut down this year and two reactors are down for maintenance, one for longer than planned.
Wind speeds in the UK were particularly low on Monday and are expected to increase on Tuesday, but will still be below seasonal averages.
National Grid ultimately decided it did not need to enlist households to curb demand after Britain secured enough orders for tomorrow evening from France, which in turn is importing more power from elsewhere.
Phil Hewitt, director at market specialist EnAppSys, said: “[France] is taking power from Spain, Germany, a bit from Switzerland and some from Belgium, and they are sending it across the cables to us.
“They’re actually scheduled to import power from Italy, which is very rare. So power from Europe is going to route through France and into Britain.”
This has been managed through high prices in Britain, however. Prices in Britain for tomorrow’s peak are £1,066.47-£1,205.70 per megawatt hour, compared to £418.89 per megawatt hour in France, Belgium and Holland.
Mr Hewitt believes it is now highly likely that, before winter is over, National Grid will need to use its new scheme under which households are paid to curb demand at peak times.
Elon Musk has accused tech giant Apple of pulling advertising from the social network and threatening to block the Twitter app.
The Telsa chief executive launched a Twitter tirade against Apple and its chief executive Tim Cook, pitting the world’s richest man against the world’s most valuable company.
Mr Musk said: “Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?”
He added: “Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why.”
Earlier this month Phil Schiller, Apple’s top marketing executive, deleted his Twitter account, although Mr Cook continues to post regularly.
Read the full story here
Facebook’s parent company has been fined €265m (£229m) by Ireland’s data privacy watchdog after more than half a billion people’s personal details were leaked by a hacker who targeted the website,Gareth Corfieldreports.A penalty notice handed down by the Irish Data Protection Commission (DPC) to Meta imposed the fine alongside “a range of corrective measures”.The penalty follows a breach that saw personal details of 533m Facebook users posted on a hacker forum last April. Phone numbers, full names, locations, email addresses, and other personal information were included in the data dump.
The stolen Facebook data is thought to have been scraped in 2019 by unidentified hackers who exploited a security loophole in the social network’s systems. Scraping refers to automated reading and saving of data from servers. Typically such activity is against the rules of social media websites.In a statement a Meta spokesman said the company had “cooperated fully” with authorities, adding: “We made changes to our systems during the time in question, including removing the ability to scrape our features in this way using phone numbers.The company said it was “reviewing” the DPC’s judgement “carefully.”
A DPC spokesman said: “There was a comprehensive inquiry process, including cooperation with all of the other data protection supervisory authorities within the EU.”
Spending on sales day Cyber Monday is predicted to top $11.6bn in the US this year, according to analytics company Adobe, an increase of 8.5pc on the previous year.
Shoppers have put off big ticket purchases amid a squeeze on consumer spending thanks to rising inflation, but Adobe predicted the promise of deep discounts could tempt shoppers into bargain hunting ahead of Christmas.
Football fans will make a total of $35bn worth of wagers on the World Cup, a 65pc increase on the previous tournament.
The pandemic led to a surge in the popularity of online gambling, analysts at Barclays said, who predicted a boost in profits at bookmakers including Entain, which owns Ladbrokes, and Paddy Power owner Flutter.
Barclays said the timing of the World Cup, which is taking place in winter for the first time, has helped boost bookies takings as fewer people in Europe are away on holiday and can place wagers without distractions.
The analysts added the results so far had largely played in the favour of bookmakers. The tournament has had five draws so far, which tend to boost income for bookmakers since most punters bet on a win for either side.
Surging energy costs will leave the European Union unable to attract electric car battery plants to the continent, a top Volkswagen executive has warned.
Thomas Schäfer, chief executive of Volkswagen Passenger Cars, said Germany and the EU were “rapidly losing their attractiveness and competitiveness” for electric vehicle battery investment.
Mr Schäfer said electricity and gas prices needed to be brought under control, but EU bureaucracy and state aid rules risked hamstringing measures.
In a LinkedIn post, he said: “Unless we manage to reduce energy prices in Germany and Europe quickly and reliably, investments in energy-intensive production or new battery cell factories in Germany and the EU will be practically unviable.”
Volkswagen is planning to build six gigafactories to supply millions of batteries to its electric vehicles, breaking ground on the first factory, GigaSalz near Salzgitter in Germany. It plans for the first facility to be operational by 2025.
Yahoo, the former tech giant, has extended its push into digital advertising by taking a 25pc stake in Taboola.
The internet giant will become Taboola's largest shareholder as part of a 30-year exclusive advertising partnership.
Taboola specialises in so-called native advertising and is known for attention-grabbing sponsored links on the websites of publishers including CNBC.
Shares in the New York-listed firm surged as much as 78pc – the most on record – after the deal was announced.
BlockFi, which last year was valued at $3bn, had already admitted it had "significant exposure" to FTX and planned to "explore all options" following the collapse of the crypto exchange.
It paused withdrawals in the wake of FTX's sudden collapse and said it can "not operate business as usual".
Based in the Bahamas and founded by 30-year-old Sam Bankman-Fried, FTX allegedly used customer funds to drive billions of pounds in trades at its sister hedge fund, Alameda Research.
This chart shows how users raced to withdraw their funds following the collapse of the exchange:
The fallout from the collapse of crypto exchange FTX has claimed another victim as BlockFi filed for bankruptcy.
The crypto lender, which allowed users to earn yield by placing idle cryptocurrencies on the platform, said on its website it had "voluntarily filed petitions for Chapter 11 reorganization".
It said:
This action follows the shocking events surrounding FTX and associated corporate entities and the difficult but necessary decision we made as a result to pause most activities on our platform.
The collapse comes a little over a fortnight after the fall of FTX, the crypto exchange valued at $32bn (£26bn) just months ago, leaving more than a million creditors out of pocket.
The lead privacy regulator for Twitter in the European Union said it was concerned about the potential impact of layoffs at the social media company on its ability to meet privacy obligations.
However, Ireland's Data Privacy Commissioner (DPC) said it was so far getting answers to its questions.
Twitter has fired top executives and enforced steep job cuts with little warning following billionaire Elon Musk's tumultuous takeover of the company last month. About half of the workforce - around 3,700 employees - has been laid off, while more than 1,000 have resigned.
Prior to the cuts, Twitter employed around 500 people at its European headquarters in Dublin where - like many other tech giants - Ireland's DPC is the social media platform's lead privacy regulator within the EU.
"We are concerned and we're tracking it very closely. So far we're getting answers to our questions," DPC head Helen Dixon told Irish national broadcaster RTE.
Dixon said the DPC was in contact with Twitter several times a day to establish what roles remain in place and had "a range of contacts" still based at Twitter in Dublin.
BT has announced plans for a pay rise to all but its highest paid staff in a move aimed at resolving a long-running dispute which has led to strikes.
Discussions with the Communication Workers Union (CWU) and Prospect have led to both unions recommending agreement.
The company said it will give a £1,500 pay rise for all UK workers who currently earn £50,000 or less from January 1.
The increase covers all frontline staff and half of managers in the UK.
Combined with an increase made in April, the total pay rise for the lowest paid will be over 15pc since this time last year.
BT Group chief executive Philip Jansen said:
It gets help to as many of our colleagues as possible, favours our lower paid colleagues, and gives people the security of a built-in, pensionable increase to their pay.
Britain's electricity network operator has stood down plans to pay households to avoid using electricity tomorrow evening after securing enough power to keep the lights on.
The notification published at 10am said that National Grid was considering implementing its Demand Flexibility Service, raising concerns for several hours that Britain would struggle to meet demand tomorrow evening, rising blackouts.
National Grid decided at 2.30pm it would not to run its first-ever real-life initiative to pay households to reduce their electricity use.
The scheme launched at the start of this month and is set up to pay households and businesses to reduce the amount of electricity that they use. This can help take strain off the system when supply is tight, as it was expected to be on Tuesday.
Budget hotel chain Travelodge has revealed a record third quarter thanks to a surge in bookings after it saw soaring demand from mourners following the Queen's death.
The group - which has 595 hotels across the UK, Ireland and Spain - said that by the end of the three months to September, it had already beaten the full-year result notched up in 2019 before the pandemic struck.
It said underlying earnings hit a record £93.8m for the quarter, up from £87m a year ago, after revenues jumped to £278.6m - up 21.5pc on a year earlier and 33.5pc higher than the same period in 2019.
It came as more Britons booked for leisure stays and so-called blue collar workers such as those in the construction and manufacturing sectors looked for budget accommodation.
Travelodge also saw its hotels in high demand in the weeks leading up to the Queen's funeral, with many of its hotels in and around London and Edinburgh fully booked.
US markets immediately came under pressure in the wake of the protests in China that have raised concerns about demand in the world’s second largest economy.
The Dow Jones Industrial Average began the day down 0.2pc at 34,266.09, while the S&P 500 shed 0.5pc to 4,006.60.
The tech-focused Nasdaq Composite slipped 0.4pc to 11,181.22.
Staff aged over 55 are more likely than any other group of workers to lose their jobs to robots, the first study of its kind has found.
Home affairs editorCharles Hymashas the details:
The research by University College London (UCL) economists found nine in 10 workers aged over 55 were made redundant as robot technology replaced humans for "routine" tasks.
Read why researchers think companies were ditching over 55s.
Ikea is to hand its workers a pay rise and improved benefits as part of a £12m investment in cost-of-living support.
The Sweden-based retail giant said its hourly paid staff will receive an increase in earnings to £10.90 an hour, or £11.95 for those based in London.
Salaried workers will also receive a pay rise of 6pc on average.
It is the latest retailer to boost its pay for staff, following all the UK's major supermarket chains, as staff face continued rises in the cost-of-living.
Ikea also said it will ramp up its existing benefits package for workers, including doubling the staff discount to 30pc across over 2000 home-furnishing items which reduce energy water and food waste.
The operator of Britain's electricity grid has cancelled its warning that supply margins may be slimmer than wanted this evening.
National Grid's Electricity System Operator issued a so-called Capacity Market Notice at 1.33pm, saying that the difference between the amount of electricity available and the amount households and businesses will use would be tight at 6pm.
The notice was cancelled at 2.04pm after the network secured extra electricity for the grid. The alerts are sent out automatically when expected margins drop below a certain level.
Over the last six years all 11 capacity market notices that the grid has put out have been cancelled without issue and around half of those were cancelled within half an hour of being raised.
Shares in a drug discovery company surged 30pc after it signed an exclusive worldwide licensing agreement with AstraZeneca worth up to £333m.
C4X Discovery will allow AstraZeneca to develop and commercialise an oral therapy for the treatment ofinflammatory and respiratory diseases under the deal.
The Manchester-based company, listed on the London Stock Exchange's AIM index of small and medium-sized businesses, will receive pre-clinical milestone payments worth up to £13.2m ahead of the first clinical trial, including £1.7m upfront.
Shares in AstraZeneca are up 0.7pc on the FTSE 100.
National Grid has issued a warning about a potential electricity shortage from 6pm tonight.
The electricity network operator issues capacity warnings when "there may be less generation available" than operators expect will be needed "to meet national electricity demand".
It comes as the price of powering the UK's homes and economy surged today as a sudden decline in wind output heightened the need for gas.
Day-ahead trading - the auction price for electricity for the following day - cleared at the highest price in almost three months, with contracts for some peak hours priced at more than £1,200 per megawatt-hour, on the European Power Exchange, known as Epex Spot SE.
Wind generation is set to fall away to almost nothing before rising on Thursday.
Britain is the second-biggest market for offshore wind in the world and is particularly exposed to troughs in generation as it relies heavily on expensive gas for back up.
It comes with the network already poised to pay households to cut their power demand tomorrow to avert power cuts.
That is part of its new winter emergency electricity plan.
Crypto fraud has jumped by nearly a third in Britain as scammers increasingly target more inexperienced investors.
The value of UK cryptocurrency fraud leaped 32pc to £226m from £171m in the year to September 20, according to data from Action Fraud.
The number of reported frauds also increased by 16pc.
Hinesh Shah, a financial crime investigator at law firm Pinsent Masons, said:
Whenever times are tough, fraudsters always seek to prey on less experienced investors by promising huge returns.
The surge in crypto crimes highlight a wider problem with fraud, which ramped up after the Covid-19 pandemic.
UK Finance, a trade body, called the problem an "epidemic" and estimated £1.3bn was stolen through general fraud and scams in 2021.
The eurozone will probably have endured a second month of double-digit inflation this month, according to analyst forecasts.
While the overall pace of consumer-price increases is likely to have slowed for the first time in one and a half years, it has still stayed above 10pc in November, almost all economists predict.
The average of 32 estimates in a Bloomberg survey is for an outcome of 10.4pc in the latest inflation report for the eurozone due Wednesday.
Marco Valli, Loredana Maria Federico and Tullia Bucco, economists at UniCredit in Milan, said:
Both headline and core inflation are likely at, or close to, their peaks.
The financial regulator has said the total pay-out to British Steel pensioners hit by a mis-selling scandal is set to be some £20m less than previously expected.
The Financial Conduct Authority (FCA) said more than 1,000 former British Steel Pension Scheme members are set to receive redress payments.
It said the bill to compensate workers will now be around £49m. In March, it was estimated to cost slightly over £71m.
Steelworkers impacted by the scandal will receive an average redress payment of around £45,000, compared with a previously predicted pay-out of £60,000.
The FCA said the reduction was because less money was needed to fund the compensation following an improvement in annuity rates.
The scandal dates back to 2017 and 2018 when members of the plan transferred defined retirement benefits to a riskier arrangement following a restructuring prompted by Tata Steel.
Around 54pc of transfer recommendations by financial advisers were unsuitable, the FCA said, exposing members to losses in retirement funds.
Shares in troubled Swiss lender Credit Suisse have slipped as much as 5.4pc today, hitting a fresh record low and putting them on track for their longest losing streak since 2011.
The stock has fallen for ten straight days, losing as much as 27pc, with last week's warning about massive outflows of money from its core wealth management business stunning investors.
News that the lender agreed a sale of a large part of its securitised products business to Apollo Global Management was also received negatively, with analysts saying many details were lacking.
The developments add to woes in recent years as a succession of big losses and management chaos shattered Credit Suisse's status as one of Europe's most prestigious lenders.
The bank last month announced a restructuring that included breaking up the investment bank, separating the advisory and capital markets unit and thousands of job cuts.
Cryptocurrencies have slid amid a bout of investor anxiety in global markets sparked by protests in China against Covid restrictions.
Bitcoin, the largest token, at one point shed 3.2pc and was trading at $16,214 (£13,421). Second-ranked Ether fell about 4pc, while the likes of Solana, Avalanche and Dogecoin suffered even sharper losses.
The concern stoked by China come during a period of vulnerability for crypto markets, which are on edge over the contagion spreading from the fall of Sam Bankman-Fried's FTX exchange and sister trading house Alameda Research.
Crypto watchers also pointed to worries about wrapped Ether, which is meant to have the same value as Ether while allowing access to more applications.
Some reports suggested the concerns stemmed from joke Twitter posts falsely claiming a break in the expected peg in the value of wrapped Ether and Ether.
US stock index futures fell today as protests in major Chinese cities against the country's strict zero-Covid policy re-ignited concerns about economic growth.
Dow Jones futures were down 184 points, or 0.54pc, while S&P 500 contracts were down 31.75 points, or 0.79pc. Nasdaq 100 futures were down 105.25 points, or 0.89pc.
Meanwhile, Apple shares slipped on reports of disruption in China production.
Shares fell 1.8pc premarket after suggestions that the company will see a production shortfall of nearly 6 million iPhone Pro units due to unrest at Foxconn's Zhengzhou plant.
British retailers are cutting back on hiring and scaling back plans for investment amid growing signs that shoppers are tightening their belts, according to the Confederation of British Industry (CBI).
The sector's headcount has slumped over the last year, marking the first decline since August 2021, according to the business lobbying group.
Furniture and carpet stores, grocers and online retailers have suffered the biggest declines in sales, it said, with a similar drop in revenue expected in the run-up to Christmas.
The downbeat findings come as consumers struggle through the cost-of-living crisis, leaving them less to spend on non-essential items.
Footfall on Black Friday was up on last year but still 18pc below the same day on 2019, according to retail analysts Springboard.
Rolls-Royce has used hydrogen fuel to successfully power a modern aircraft engine in a world first for the aviation industry amid pressure to develop zero-emissions air travel.
The test was conducted with a converted Rolls-Royce AE 2100-A regional aircraft engine using hydrogen created by wind and tidal power, the company said today. The design originally powered Saab 2000 turboprops.
Following a series of ground tests, Rolls-Royce will move on to so-called rig tests, followed by a full-scale ground test with one of its Pearl 15 jet engines, according to the company, which is carrying out the project with easyJet as part of a partnership announced in July.
Airlines and manufacturers are pushing to use more-sustainable fuel as an alternative to kerosene, though technologies including electric and hydrogen propulsion remain years away from commercial adoption.
You may remember that National Grid issued a surprise warning on its capacity last Tuesday night as British households were expected to increase energy consumption during the cold snap.
A 'tight electricity margin' notice was sent out warning of a potential shortage from 7pm.
The National Gridquickly cancelled notice as its contingency plans were activated, but experts said it was a signal of "much tighter days ahead".
Workers in seven train companies are to vote on whether they want to continue taking industrial action in a long-running dispute over jobs, pay and conditions.
The Transport Salaried Staffs' Association (TSSA) is balloting more than 1,600 operational, station, control and management staff, for strike action and action short of strike.
Ballots will be held throughout December with results due just before Christmas.
The companies being re-balloted are Avanti West Coast, CrossCountry, East Midlands Railway, LNER, Northern, Southeastern and Transpennine Express (TPE).
The re-ballot is necessary because legislation requires unions to re-run ballots every six months to keep them 'live', unless employers agree to extend for up to a further three months.
Car dealership Inchcape said its finance boss has stepped down after his personal behaviour "fell short" at a recent event.
The business did not elaborate on what happened, but said that Gijsbert de Zoeten voluntarily resigned as chief financial officer.
He has been with the business since August 2019, having held the same job at Dutch fleet management company LeasePlan previously.
Before that, the Dutchman had a 27-year career at consumer giant Unilever, including six years as finance boss of Unilever Europe. The business said today:
Inchcape plc today announces that Gijsbert de Zoeten, group chief financial officer, has voluntarily tendered his resignation, and will be standing down from the board with immediate effect.
Oil prices have slumped to 11-month lows as protests grip China amid concerns about demand in the world’s second largest economy.
Both Brent crude and US-produced West Texas Intermediate (WTI) crude suffered drops of as much as 3pc in the price of a barrel today.
It comes as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to the stresses in an already-volatile global crude market.
WTI sank toward $74 a barrel following three weeks of losses, while Brent dipped below $81.
A barrel of Brent crude was last at this price in early February, while WTI crude is at its lowest level since January.
Protests over harsh anti-virus curbs erupted across the world’s largest crude importer over the weekend, including demonstrations in Beijing and Shanghai, spurring a broad sell-off in commodities as the week opened.
The rare show of defiance is raising the threat of a government crackdown.
Barclays' chief executive will undergo cancer treatment, the lender said today.
C.S. Venkatakrishnan, who will be treated for non-hodgkin lymphoma, said in a letter to colleagues that "doctors have advised that my prognosis is excellent, and my condition is curable with their prescribed regimen," according to a company filing.
The bank will "run normally" and he "will continue to be actively engaged in managing it".
Mr Venkatakrishnan will have to work from home for some periods and will not be able to travel, the letter said.
His treatment is likely to last 12 to 16 weeks and will take place at New York's Memorial Sloan Kettering Cancer Center.
A council member of the European Central Bank has warned that any idea of easing off on curbing inflation is "a bit of a joke".
However, Klaas Knot said risks to the outlook for consumer prices are still skewed to the upside, despite the euro area facing a recession. He said:
In our projections, we do assume that inflation will come back to values close to 2pc in the course of 2024,” the hawkish Dutch central bank chief said today in Paris.
He called any talk of over-tightening at this point "a bit of a joke".
Hawks like Knot have driven back-to-back rate increases of 75 basis points, with attention shifting to whether the ECB will opt for a third when it meets in mid-December.
Euro area annual inflation stood at 10.6pc in October.
The pound has recouped its overnight losses against the dollar as traders digested the impact of the widespread protests against Covid restrictions in China.
Sterling is up 0.1pc to back above $1.21, although it has underperformed against the euro, down 0.5pc to make a euro worth 86p.
Union bosses have called for last-minute talks today with Royal Mail executives in a bid to save the Christmas post.
Matthew Fieldhas the latest:
Postal workers are preparing for walkouts beginning on Wednesday and throughout December that threaten to delay Christmas presents and cards.
Read on for details.
Economists have been weighing up which countries could be hit hardest economically by the protests in China over Covid restrictions.
Robin Brooks, chief economist at IIF, has his worries about Germany:
Retailer Superdry has suffered a 1.6pc fall in its share price after it confirmed it is in talks with a company backed by US hedge fund Elliott Advisers to refinance the firm's £70m debt package.
The business said it is negotiating with Bantry Bay followingtheSunday Telegraph'sreport over the weekend, but there can be "no certainty that an agreement will be reached". It added that it is still talking to other lenders as well.
It comes a little over a month since Superdry said its future is uncertain if it does not manage to refinance the debt package that is set to expire at the end of January.
Natural gas prices in Europe have fallen after Russia's decision not to cut flows via Ukraine countered concerns that cold weather could boost demand.
Benchmark futures declined as much as 2.9pc after Russia's Gazprom decided not to curb gas shipments to Moldova via Ukraine, easing concerns that it might eventually completely halt supplies through the route.
At the same time, weather forecasts point to temperatures below seasonal norms across Europe over the next weeks, which could increase gas use for heating.
Last week, Gazprom accused Ukraine of withholding gas supplies which pass through the country on the way to Moldova - something Kyiv denied - and said it could start reducing those flows from today.
Benchmark Dutch front-month futures were down 2.7pc at €122.5 per megawatt-hour.
Homes have been selling for 3pc below their asking price typically in recent weeks, according to Zoopla.
For much of 2021 and the first half of 2022, homes were typically achieving their asking price, the company said.
The property website said it expects discounts to increase further in 2023.
Its latest housing market report said:
History shows that when discounts reach 5-6pc this points to flat to falling prices.
Since the start of September, one in nine homes (11pc) have had their original asking price reduced by 5pc or more, Zoopla said, and a quarter have had the price cut by any size, according to the index covering the month of October.
My colleagueAlexa Phillipshas the details.
Britain's oil producers suffered the biggest hit on the FTSE 100 amid concerns about demand in China as the nation is gripped by protests against Covid restrictions.
Shell was down 2.2pc, North Sea firm Harbour Energy dropped 2.1pc and BP declined 1.9pc, helping to drag the blue-chip index to a 0.5pc fall in early trading to 7,449.99.
Energy stocks fell 1pc, while base metal miners and precious metal miners dropped 0.6pc and 0.9pc, respectively.
Meanwhile, Asia-exposed lenders HSBC and Standard Chartered both fell more than 1pc.
The more domestically-focused FTSE 250 suffered contagion from the fallout, down 0.4pc to 19,476.91.
Brent crude oil has dropped as much as 3pc following the protests in China, amid concerns about global demand.
At the time of writing, a barrel is worth $81.33, a fall of 2.8pc.
The prospect of a hit to demand in the world's biggest crude importer has hammered prices.
Grant Shapps, the business secretary, said the Government is watching what is happening in China with concern.
He added there was no excuse for media covering protests to be beaten by police, after the BBC said Chinese police had assaulted and detained one of its journalists in Shanghai.
"There can be absolutely no excuse whatsoever for journalists who are simply covering the protests going on, for being beaten by the police. I know that's a considerable concern," Shapps told Sky News.
Troubled cosmetics group Revolution Beauty has hired acting chief operating officer Bob Holt to the top job after its former boss quit amid an accounting probe.
The 68-year-old takes on the role after Adam Minto resigned earlier this month, following the launch in September of an independent investigation into the firm's failure to complete its auditing quickly enough.
Its shares were suspended from the London Stock Exchange because it was unable to publish its financial results, which were pushed back a second time, while it also warned over lower profits.
Revolution Beauty said the independent investigation being carried out by consultants Forensic Risk Alliance and law firm Macfarlanes remains ongoing, adding that "no conclusions have been drawn".
UK markets have also been affected by the unrest in China, which has sparked fears over falling demand.
The internationally-focused FTSE 100 opened down 0.8pc at 7,426.78.
Even the FTSE 250 - which has less international exposure - was down 0.6pc to 19,420.63.
Riots at a key iPhone factory in China could cost Apple up to 6m premium handsets in the vital run-up to Christmas, according to concerned factory bosses.
Senior technology reporterGareth Corfieldhas the details:
Increasingly violent unrest among workers at Apple supplier Foxconn’s factory in Zhengzhou, eastern China, will slow production of the iPhone 14 Pro, according to internal estimates prepared by managers.
Oil has tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to stresses in an already-fragile global crude market.
West Texas Intermediate sank toward $74 a barrel following three weeks of losses.
Protests over harsh anti-virus curbs erupted across the world's largest crude importer over the weekend, including demonstrations in Beijing and Shanghai, spurring a broad selloff in commodities as the week opened.
The rare show of defiance is raising the threat of a government crackdown.
The unrest aided the dollar as a haven, making raw materials less attractive, while hurting mobility in China.
Things could be set to change even further, as European Union diplomats continue to be locked in talks over a cap on Russian crude prices, with negotiations set to resume later today.
The protests across cities in China at its Covid restrictions also prompted losses in stock markets in Tokyo, Sydney, Seoul, Singapore, Taipei, Jakarta, Bangkok and Wellington.
SPI Asset Management's Stephen Innes said:
Sentiment has turned sour as unrest across China grows.
Ken Cheung of Mizuho Bank added: "It appears that the zero-Covid policy is reaching its tipping point. More easing or refinement on the Covid measures will be needed to curb discontent."
Amazon could see its tax bill jump by £29m next year as a result of changes to business rates that is set to hit warehouses and online retailers the hardest.
The online retail giant is likely to be among the companies facing big tax hikes in the UK following the Chancellor's Autumn Statement, according to new analysis from real estate adviser Altus Group.
Meanwhile flagship department stores and hotels could shave millions off their tax bills as bricks and mortar retailers receive greater support.
This is because the Government is shaking up the business rates system and revaluing more than half a million retail properties across England and Wales.
It comes as Amazon revealed it will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4bn consumers is not immune to chief executive Andy Jassy's cost-reduction campaign.
Commodities have sunk amid the worsening Covid outbreak in China and the series of stunning street protests in cities across the nation that threaten to derail economic activity and sap demand for energy, food and raw materials.
Base metals in London and Shanghai dropped, with Chinese copper futures declining as much 1.8pc.
Iron ore in Dalian fell as much as 2pc, before paring losses.
Crude oil in Shanghai followed international markets lower, plunging as much as 5.6pc.
Cooking oil futures in Dalian tumbled as much as 3pc on concerns over the threat to demand at restaurants and hotels already reeling from lockdowns.
Chinese assets slumped overnight as a sense of chaos and uncertainty gripped traders amid growing Covid-19 protests across the country.
The Hang Seng China Enterprises Index declined more than 4pc in early trading before pulling back its losses by about half.
The Chinese yuan was consigned to a more than two-week low against the safe-haven dollar, down 0.6pc against the greenback, having plunged more than 1pc at the open, the most since May.
Protests spread over the weekend as citizens in major cities including Beijing and Shanghai took to the streets to express their anger on the nation’s Covid controls.
The rare show of defiance is raising the threat of a government crackdown, prompting investors to re-think their bets after jumping back in on reopening hopes.
"We might see some derisking around Chinese markets," said Chris Weston, head of research at Pepperstone Group.
"We are seeing some outflows of the offshore yuan, which I think is a pretty good indication of how Chinese markets may fare."
1)Banks accused of charging thousands of pounds extra on mortgage payments- Customers still paying much higher interest than before mini-Budget, even though markets have recovered
2)The battle to build Europe’s next generation fighter jet-Questions remain over dualing fighter programs as Europe slides into recession
3)Traders brace for fresh stock market falls as protests grip China -Unrest expected to hit Chinese share prices when trading starts in Asia
4)British Airways to double operations at Gatwick Airport- Airline plans to increase planes based at Sussex site from 14 to as many as 28
5)Hopes rise for Christmas post as union offers last ditch talks with Royal Mail to avoid strikes-The Communication Workers Union proposed 'intensive negotiations' after rejecting Royal Mail's latest pay deal
Stocks and commodities prices slid sharply overnight as the rare protests in major Chinese cities against the country's strict zero-Covid restrictions raised investors' concerns about the growth implications for the world's second-largest economy.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5pc having slumped 2.2pc at the open, pulled lower by a selldown in Chinese markets.
Hong Kong's Hang Seng Index shed 4.16pc at the start of trade but recovered some territory to be off 2.32pc. China's CSI300 Index was down 1.8pc after opening down 2.2pc while the yuan also retreated.
"Clearly the harsh China lock downs have been impacting their consumer and business sentiment for some time and the persistent downgrades to China GDP have been consistent for well over a year now with further downgrades to come," said George Boubouras, executive direct of K2 Asset Management in Melbourne....
- Reddit Posts (Sample): [['u/Hot_Difficulty6799', 'How to Sell a Car in California. On the Blockchain.', 29, '2023-01-27 00:06', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/', 'Fortune Crypto [reports](https://fortune.com/crypto/2023/01/26/california-announces-dmv-run-blockchain-through-partnership-with-tezos/) that the California DMV is now putting vehicle titles on a blockchain. The blockchain in question is called Tezos. \n\nThis will be to the benefit of the husband and wife scammer team behind the Tezos blockchain.\n\nReuters has a good rundown on [their history of self-dealing] (https://www.reuters.com/article/us-bitcoin-funding-tezos-specialreport-idUSKBN1CN35K). \n\nThey had done an ICO, where they awarded themselves a whole lot of their own coins. They had called the coins "donations," as if this word was a magical incantation, that stopped them from being unregistered securities. And they had muscled out a partner from his share of the coins, keeping those coins for themselves.\n\nI would like here to quickly mention the absurdity of using blockchain, a technology designed for decentralized trustless systems, for a centralized system with a trusted authority.\n\nAnd then explain in considerable detail how a Californian who owns an automobile might set up a their crypto-wallet, where they would store the proof of their vehicle ownership. And how they would then transfer a vehicle title.\n\nAccording to the Fortune article, the California DMV intends to attend to the wallets problem pretty quick:\n\n>Ajay Gupta, the chief digital officer at the California DMV, said that the agency hopes to finalize its “shadow ledger,” or a full replication of the state’s title database on the blockchain, within the next three months before building consumer-facing applications, including digital wallets that hold car title NFTs. \n\nThis is [how wallets currently work](https://tezos.gitlab.io/user/key-management.html), for the Tezos blockchain.\n\nThe keys to your car, so to speak, are by default stored in unencrypted form in the $OCTEZ_HOME_DIR, in a subdirectory craftily called secret_keys.\n\n(Tezos seems to be assuming that you are running linux.\n\nI\'m ok with linux, myself.\n\nBut for my mother, who is 87, and has a car she never drives anymore, and so might want to sell soon, probably not so much.)\n\nTo set up your vehicle-title wallet, you cd to the proper directory, and then type, at a command prompt (mom, are you listening?), something like this:\n\n ./octez-client import secret key my_ledger ledger\n \nThis is assuming, of course, that your ledger is called my_ledger, and that the type of ledger you have got is ledger.\n\nNow, having your private key set up, let\'s say you want to sell your car. \n\nFirst, keygen some more keys:\n\n octez-signer gen keys mom\n\nThen, launch the signer service, as a daemon:\n\n octez-server launch http signer -a home\n\nOh fuck it.\n\nThis is so totally absurd.\n\nA husband and wife team of con-people has sold the California DMV on a hairbrained scheme to put vehicle titles, as NFTs, on a blockchain.\n\nCalifornia is probably going to get vehicle title day traders, who wash trade their accumulated vehicle titles, all day long.\n\nThey are probably going to get people falsely claiming their vehicle title was "hacked," in some scam I don\'t understand. \n\nAnd my 87-year-old mother is probably going to transfer her automobile title into the void.\n\nPlease, U.S. Securities and Exchange Commission, please.\n\nI know you lack resources to go after every illegal seller of crypto unregistered securities. You need to pick your battles.\n\nBut please please please sue the husband and wife scammer team of Kathleen and Andrew Brietman, for their selling unregistered securities. And please work with the U.S. Department of Justice, to put them in prison, as well.\n\nDo this immediately.\n\nThe California DMV, falling for an obvious scam, is really really bad. You need to stop it right now.\n\nPlease?', 'https://fortune.com/crypto/2023/01/26/california-announces-dmv-run-blockchain-through-partnership-with-tezos/', '10m5ey2', [['u/biffbobfred', 20, '2023-01-27 00:15', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j611gey/', 'I can guarantee 95+% of complains were “gee I wish there were more agents and the lines were shorter”. Maybe 1% were “I wish title transfer was something I could see”. The “they could have used that blockchain money to hire clerks” is strong in this one \n\nIf titles have addresses attached it’s a privacy problem. If titles do not have addresses attached they’re incomplete and there’s some other DB they could use anyway.', '10m5ey2'], ['u/gaterooze', 17, '2023-01-27 00:45', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j615s38/', ">An obvious application would be allowing people to transfer car ownership between digital wallets through an NFT version of their title, with the DMV acting as a middleman to ensure that all the sale obligations are completed.\n\nSo the NFT part is useless, it all relies on a centralized authority? Greeeeaaaattt... I'm sure this will end well.", '10m5ey2'], ['u/grauenwolf', 11, '2023-01-27 02:18', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j61iouy/', "You mean this quote?\n\n> “The DMV’s perception of lagging behind should definitely change,” Gupta told Fortune in an exclusive interview. \n\n1. The actual quote says nothing about blockchain.\n2. The quote cites an interview. Well where is this interview?\n3. Who's to say this quote wasn't a complete fabrication?\n\nI used to be a journalist. This is not how I would present an interview about such a dramatic change.", '10m5ey2']]], ['u/Muted-Exchange4720', 'My Trading Experiment Does Really Well In Multiple Market Environments!', 42, '2023-01-27 01:28', 'https://www.reddit.com/r/Daytrading/comments/10m78og/my_trading_experiment_does_really_well_in/', 'How\'s it going guys? It\'s been a while since I have made a post due to some craziness going on irl! I decided to come back and try my hand at beating the markets, so here we go! I plan to start a personal series that will include experimentation of strategy ideas, absorb any feedback you guys give, and improve my strategies! If we find a strategy that wins in both the bull and bear markets beyond backtests, our work here is done.\n\nNote: I decided to go with cryptocurrency for this post because I never trade them much, but I figured it would be cool to change things up!\n\n**Part 1: The Strategy Design:**\n\nhttps://preview.redd.it/2d8x1rbbchea1.png?width=1168&format=png&auto=webp&v=enabled&s=a8ddfbb4544a46a071e2866b2b4fddb68fc484e6\n\nFirst, let\'s give this strategy a name. We\'ll call it "Experiment #1." Experiment #1 looks at an asset\'s Volume and RSI to trigger an order. The layout for this strategy goes as follows: If the Volume of Bitcoin or Ethereum (the only two assets being used for this strategy) is up relative to the previous trading day, and the RSI is below 45, then this strategy will trigger a buy order. If the Volume of the asset the trade was taken on is down compared to the previous trading day, then a sell order will be executed.\n\nThis strategy operates on the 1 Day timeframe and has a "shield" that serves as a -3% stop loss. When triggered, it closes the affected position and pauses trading for the next week. All of this is done automatically.\n\nhttps://preview.redd.it/jo4861idchea1.png?width=524&format=png&auto=webp&v=enabled&s=293ef879dac66269b34d1df70572c27bc2b535fb\n\n**Part 2: Results:**\n\nLet\'s start the result section by checking out how this strategy performs in a bear market. The first one that comes to mind is the one we are currently in! However, let\'s exclude 2023 and track the backtest results of this strategy for the year of 2022 (Jan,1 2022 - Jan 1, 2023) Here are the results:\n\nhttps://preview.redd.it/xtzdrxifchea1.png?width=834&format=png&auto=webp&v=enabled&s=06af87b9e4b49ec4eefe9e50f9e4a32cee138aa3\n\nhttps://preview.redd.it/x6ihkqvgchea1.png?width=766&format=png&auto=webp&v=enabled&s=7ede138b5d7f24e0acfd0028abb58306bacd138f\n\nAlright, so there is a decent amount to unpack here. The first thing to note is the overall performance of the strategy relative to the assets it is trading on. Experiment #1 returned a modest -20.11%. You might be thinking, wow that sucks! In a way you are right! However, during this same period of time Bitcoin and Ethereum returned a tragic -66.53%.\n\n[Visual chart of Experiment #1 Vs. SPY](https://preview.redd.it/h1x9nzxichea1.png?width=2400&format=png&auto=webp&v=enabled&s=c42b4ea54ec34cc233083fd65093c1cccfff9a55)\n\nAs you can see detailed above, during this period SPY returned -19.71%, only beating this strategy by 0.4%. Other notable metrics include the overall risk potential of this strategy (-44.78%) and the impact of fees on this strategy (37.95%). The overall fees could use some work, but it\'s a good start.\n\n**Part 3,** **Bull Market:**\n\nThis is where things get SPICY. We all know 2021 was the year of some next level euphoria, and many cryptocurrencies did exceptional. However, the year was quite volatile, and a lot of people still ended up losing money. Here is how Experiment #1 held up:\n\nhttps://preview.redd.it/eoi1bm4lchea1.png?width=778&format=png&auto=webp&v=enabled&s=75ea2ffacdc7d904f2dc5405278349076ddcb696\n\nhttps://preview.redd.it/duk5oy5mchea1.png?width=766&format=png&auto=webp&v=enabled&s=c97a827292f67f7e20e93a92fe08cb3701331bb0\n\nI gotta say...not to bad! Sure, the assets that were traded on returned nearly 300%, but this strategy absolutely crushed the S&P500 with a return of 139.74% and fees only consumed 11.14% of those profits. With a quick build like this and no manual trading involved, it\'s hard not to be happy with that.\n\n[Obv outperformed heavily by ETH](https://preview.redd.it/uk0dsmjochea1.png?width=2410&format=png&auto=webp&v=enabled&s=8c5d2d0aed9ac9ecef8746ee1533283a54c656c9)\n\nThe chart above shows the consistent upward grind of Experiment #1 relative to SPY, BTC and ETH. There was a few bumps along the way, but in addition to a great risk score and an average trade return of 2.15%, I would call it a success.\n\n**Outro:** \nThis strategy is an absolute blast to play around with and a great starting point for something amazing. It has solid returns, maintains manageable fees, and puts SPY to the test. This only includes an example of results from two years, but it gives you a good sense of what to look for in your own backtest results. In a future post, I may dive deeper into the impacts of trailing stop losses for this strategy. If you want to see that, let me know in the comments! Cya next week!\n\nNote 1: This is not financial advice. Please do your own research and experimentation before making decisions with you finances! Have a great one!\n\nNote 2: This strategy was built on Pluto.fi, I will not include a hard link because that breaks subreddit rules. I am not an experienced coder, but I would love to have a daytrading strategy that doesn\'t take so much sweat and stress. Seen some great progress from people on this sub. Automated may not always be the way but it\'s certainly worth a try.', 'https://www.reddit.com/r/Daytrading/comments/10m78og/my_trading_experiment_does_really_well_in/', '10m78og', [['u/LittleLight85', 12, '2023-01-27 02:13', 'https://www.reddit.com/r/Daytrading/comments/10m78og/my_trading_experiment_does_really_well_in/j61hz7e/', 'How are you drawing the conclusion that this does “really well in multiple markets” with a negative return in the last year? And is this even *day* trading?', '10m78og']]], ['u/Unlikely-Author1', 'What’s that song that goes “ooh, I got it, ooh ooh, I got it” with a female vocalist', 254, '2023-01-27 01:53', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/', 'SOLVED - SOMEONE FIGURED IT OUT IT’S DICE BY NMIXX AND I WAS SO SO VERY WRONG WITH THE TITLE LMAOOO IT’S “SO EXCITED”, I WAS MIXING IT UP\n\nYou guys are still more than welcome to keep commenting tho, the conversations I’m having are making my day and the rats feel very appreciated\n\nI play kpop for my rats (they love it) (I’m not insane) and a song came on that was genuinely kind of catchy but I cannot FIND IT 😩 please guys I’m a semi gothic dude, I have no idea what to even search for because the part before it is in Korean\n\nEdit: That may or may not be what it says 💀 take that lightly, the verse in Korean before it kind of goes up in pitch AND WHY AM I BEING DOWNVOTED?? (now realizing it’s probably people that dislike rats. For every downvote I notice, I’m adding a pea or an oat to a bowl and giving it to them tonight)\n\nIt is not Icon by Twice unfortunately but the part you guys are thinking of is SO similar to the part I put in my title. Maybe my title is incorrect. The last time I heard it was yesterday or the day before so it’s hard to say for sure\n\nSome people asked for me to play/hum it so I’ll put that right here, I used the melody stuck in my head from yesterday so just pretend it’s evenly spaced out 😭: https://voca.ro/1i6HnnESOhgs (redone, much better)\n\nHere are the rats in question for those asking!! \n\nhttps://ibb.co/R0qZG15 (Bandaid)\nhttps://ibb.co/rvQMgVr (Montreal)\n\nA hell of a lot more rat pics bc people are still commenting and being sweet:\n\nhttps://ibb.co/7NT2LyC\nhttps://ibb.co/fMk8ZfL\nhttps://ibb.co/SBtC5cP\nhttps://ibb.co/68d45ff\nhttps://ibb.co/gW5CJW2\nhttps://ibb.co/XZYdxHp\nhttps://ibb.co/7NXYdsq\nhttps://ibb.co/HBm5NPZ\nhttps://ibb.co/dcQnMF6\nhttps://ibb.co/0nsZwYh\nhttps://ibb.co/k4KQ95S', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/', '10m7r5c', [['u/broketiny', 175, '2023-01-27 02:11', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61hrdp/', 'Sorry OP I don\'t know the song but "I play kpop for my rats(they love it)(I\'m not insane)" is taking me OUT 😭', '10m7r5c'], ['u/Unlikely-Author1', 60, '2023-01-27 03:16', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61qftp/', 'THEY DO AND I’M NOT 😭😭', '10m7r5c'], ['u/Unlikely-Author1', 17, '2023-01-27 03:27', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61rvia/', '100% adding that to the rat playlist but it’s not it, thank you tho 😭', '10m7r5c'], ['u/KrisTheAnimalKrosser', 10, '2023-01-27 03:38', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61tcxe/', 'Can you hum/sing or play how it goes on [Vocaroo](https://vocaroo.com)?', '10m7r5c'], ['u/attackpetrel', 25, '2023-01-27 03:40', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61tkz6/', 'Can you try humming the melody on Vocaroo?\n\nPS: Also can we see the rats please? 🥺', '10m7r5c'], ['u/broketiny', 29, '2023-01-27 03:42', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61turn/', 'off-topic and out of curiosity, how do you know they love it? do they start doing lil dances?', '10m7r5c'], ['u/TigRaine86', 18, '2023-01-27 03:42', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61txcq/', "Lol this post is amazing. I hope you find what you're looking for! Definitely putting TWICE Icon in my head though", '10m7r5c'], ['u/amityblightvibes', 89, '2023-01-27 03:46', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61uckc/', 'Picture of the rats? It could help identify the song it’s definitely not that I want to see your rats\n\nReal question- was it like on a playlist? That could help identify the song if you knew the playlist', '10m7r5c'], ['u/Unlikely-Author1', 14, '2023-01-27 03:49', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61uuiv/', 'It wasn’t on a playlist 💔💔 how do I show y’all the rats because absolutely 😭😭', '10m7r5c'], ['u/Unlikely-Author1', 75, '2023-01-27 03:51', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61v3ud/', 'Rats can recognize rhythms! A study was done on it. They start getting really active when hyper music comes on, I let them out of their cage for hours and they run around and I guess kpop is kind of hyper so they get excited and play', '10m7r5c'], ['u/Unlikely-Author1', 13, '2023-01-27 03:53', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61vad9/', 'Yeah here you go! https://voca.ro/1lbqEHFwuDAc', '10m7r5c'], ['u/broketiny', 34, '2023-01-27 03:55', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61vkz1/', "that's the cutest thing i've ever heard oh my god", '10m7r5c'], ['u/Unlikely-Author1', 45, '2023-01-27 04:05', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61wvf2/', 'ALRIGHT WAIT HERE\n\nhttps://ibb.co/R0qZG15\nhttps://ibb.co/rvQMgVr\n\nThe babies', '10m7r5c'], ['u/dontquotethebeemovie', 17, '2023-01-27 04:09', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61xcde/', 'might be a long shot, but when reading your title i was immediately reminded of up & down by exid...the lyrics it "matches" are in korean but it does still kinda work and it is a *very* catchy (and instantly-recognizable) song hahah. but it doesn\'t really match the melody you played.', '10m7r5c'], ['u/Unlikely-Author1', 16, '2023-01-27 04:13', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j61xx4u/', 'Just added rat pics to the post', '10m7r5c'], ['u/amityblightvibes', 45, '2023-01-27 04:35', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j620qzp/', 'I love them! 1st looks like it listens to Sunmi, 2nd looks like a NewJeans fan', '10m7r5c'], ['u/Unlikely-Author1', 19, '2023-01-27 04:35', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j620ssk/', 'I will never forget that description of them', '10m7r5c'], ['u/Honest_Bag9672', 43, '2023-01-27 04:36', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j620wfc/', 'Based off your audio you sent, I’m thinking the song ur looking for is Dice by Nmixx? The part after the switch up sounds like the audio you added to your post :)', '10m7r5c'], ['u/cherishthecat', 17, '2023-01-27 04:48', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j622exu/', 'Could it be [NMIXX - Dice](https://youtu.be/p1bjnyDqI9k)? From 1:46 onwards', '10m7r5c'], ['u/Unlikely-Author1', 21, '2023-01-27 04:52', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j622usl/', 'YES!!!!!!!! YES EXACTLY YES THATS IT AAHHHAHHHHHHHHHHHH', '10m7r5c'], ['u/Unlikely-Author1', 18, '2023-01-27 04:53', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j6231pg/', 'YES THATS IT', '10m7r5c'], ['u/Unlikely-Author1', 10, '2023-01-27 04:54', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j6232io/', 'YSS THATS RIGHT', '10m7r5c'], ['u/Unlikely-Author1', 11, '2023-01-27 04:54', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j6234rr/', 'Tysmm I had no idea they’d be kpop fans but here we are', '10m7r5c'], ['u/broketiny', 14, '2023-01-27 05:25', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j626s65/', 'THEY ARE SO CUTE. SUCH LOVELY LITTLE GENTLEMEN (?). who do they bias in nmixx 🙏', '10m7r5c'], ['u/diilmg', 17, '2023-01-27 05:41', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j628llt/', 'When you said "i play kpop for my rats" i thought you were talking about your friends, siblings or students idk, never thought you meant actual rats until i saw the pics 😭😭😭', '10m7r5c'], ['u/FuriousKale', 11, '2023-01-27 09:35', 'https://www.reddit.com/r/kpophelp/comments/10m7r5c/whats_that_song_that_goes_ooh_i_got_it_ooh_ooh_i/j62t5d8/', 'Why you holding Bandaid like a shawarma', '10m7r5c']]], ['u/Specialist-Tap9880', 'If bitcoin does become adopted as a world currency wont bitcoin whales become overly rich?', 85, '2023-01-27 02:00', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/', 'for example micheal saylor has over 130,000 - if bitcoin becomes adopted by everyone and the price is sky high then he’ll be insanely rich? is that the outcome or am i being dumb', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/', '10m7w8s', [['u/Far_Guarantee_2465', 22, '2023-01-27 02:13', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61i1o6/', 'His company owns that much. So that’s share holder profits', '10m7w8s'], ['u/Juan1592315', 113, '2023-01-27 02:17', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61ihcr/', 'I’m a simpleton with Bitcoin - but I’d say the purpose is to have a level playing field. People still have the right to be wealthy, if u create value you deserve to be rewarded ect. Bitcoin makes the rules the same for everyone. The elite can’t keep leaning on the Fed to print money to bail them out, that drives inequality and that money ends up back in their hands, giving them an unfair advantage', '10m7w8s'], ['u/ElderBlade', 27, '2023-01-27 02:28', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61k1dr/', "I'd say you're not a simpleton with Bitcoin. Great answer. \n\n!lntip 500", '10m7w8s'], ['u/robtimist', 45, '2023-01-27 03:07', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61p4ou/', 'Buy more btc', '10m7w8s'], ['u/savinelli_smoker', 45, '2023-01-27 03:08', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61paw7/', 'Name of the game is not everyone be equally rich (or poor), it’s everyone has the same opportunity available to them and the rich / powerful can’t change the rules just to favour themselves.\n\nIf you ignore bitcoin or refuse to learn about it over the past 14 years then you have only yourself to blame. \n\nSaylor didn’t print his btc out of thin air. He sacrificed billions of dollars to get them. Anyone who owns bitcoin today sacrificed something, be it fiat money they saved, electricity bill they paid, mining rigs they bought… It cannot be more fair than that.\n\nEdit: typo', '10m7w8s'], ['u/sciencetaco', 149, '2023-01-27 03:23', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61rdhb/', "It's no different to people who bought lots of Apple stock in the 1980s, or gold before a gold rush. They'll get rich but it doesn't give them more control over the network. Also most are likely to sell long before global adoption happens. When they sell, it gets redistributed to other (probably newer) users.\n\nThe goal of bitcoin is not to have an even distribution of wealth. It's agnostic to that concept.", '10m7w8s'], ['u/MinshewStache', 19, '2023-01-27 04:15', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61y6nk/', 'My mannn', '10m7w8s'], ['u/Abundance144', 114, '2023-01-27 04:21', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j61yy4l/', 'How would that differ from the current system?\n\nBitcoin was not created to solve the problem of equity. It was created to take money out of the hands of the governments who steal from the future with money printing and inflation.', '10m7w8s'], ['u/bearCatBird', 15, '2023-01-27 06:56', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j62g8sr/', 'What do you mean by overly rich? Insanely rich? \n\nAre these a real concern? Will early investors be rewarded more than later investors? Yes. And it\'s still better than the current monetary system. \n\nThere is no such thing as "truly fair". But bitcoin is closer to "fair" than anything else. \n\n1. It\'s been around for many years and many people have had many chances to buy. \n\n2. People who took a risk on a new technology/asset and invested should become rich. That\'s the point of investing. Otherwise why would anyone take capital and find opportunities and invest? Would you invest in something where if the asset went to $0, you would lose everything, but if the asset when to $1,000,000 your profits would be divided evenly across all people? No, of course not. \n\n3. Issuance of new bitcoin doesn\'t go to any privileged group. Literally anyone on the planet has access to mine bitcoin. \n\n4. The network is open to any person in the world.', '10m7w8s'], ['u/Romsel87', 13, '2023-01-27 06:57', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j62gcak/', 'Big brain.', '10m7w8s'], ['u/DigitaleDukaten', 27, '2023-01-27 12:46', 'https://www.reddit.com/r/Bitcoin/comments/10m7w8s/if_bitcoin_does_become_adopted_as_a_world/j637e4p/', 'The distribution of wealth follows the Pareto distribution, similarly to the distribution of money into crypto. \n\nAlso, long term holders tend to cash out their holdings when newcomers enter the market. This is a good thing.', '10m7w8s']]], ['u/Proof_Sail6831', 'Recent geopolitical events indicate that dollars may lose its power in the days to come.', 21, '2023-01-27 02:43', 'https://www.reddit.com/r/Bitcoin/comments/10m8s36/recent_geopolitical_events_indicate_that_dollars/', 'If the the dollars get weaker, will Bitcoin be stronger? What are ur thoughts?', 'https://www.reddit.com/r/Bitcoin/comments/10m8s36/recent_geopolitical_events_indicate_that_dollars/', '10m8s36', [['u/RunAndHeal', 24, '2023-01-27 04:08', 'https://www.reddit.com/r/Bitcoin/comments/10m8s36/recent_geopolitical_events_indicate_that_dollars/j61x84y/', 'Days???', '10m8s36']]], ['u/bingorunner', 'Crypto regulation is going to spark the bullrun of all bullruns', 38, '2023-01-27 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/10m90qz/crypto_regulation_is_going_to_spark_the_bullrun/', 'Looking at historic Bitcoin (and crypto) crashes and bear markets, they’ve often been triggered and worsened by cryptocurrency exchange hacks/crashes, issues with stablecoins, and fears of lack of regulation:\n\n\n- 2011: after Mt. Gox hack (Japanese crypto exchange), BTC crashes from $32 to 0.01 USD.\n- 2015: BTC crashes from $1000 to <$200 USD. This was associated with China crypto crackdowns, but also with major financial US institutions expressing concern over Bitcoin’s security and price manipulation.\n- 2017: a Japanese exchange, Coincheck, suffered a $530M hack (I know, small change by today’s standards) that started a BTC fall from $20k to <$3200 USD. SEC FUD including rejection of BTC-exchange traded funds applications added to the bear market following the crash.\n- 2022: well, there’s the global political crises. But there’s also the collapse of Terra, Celcius, and FTX that all happened and contributed to the crash of BTC from $68k to <$16k.\n[source](https://cointelegraph.com/news/a-brief-history-of-bitcoin-crashes-and-bear-markets-2009-2022)\n\n\nInstitutions and individuals have been right to avoid or be cautious in crypto given these crashes, hacks, and frauds that tanked BTC and crypto markets time and again. But as markets improved, cash flowed back in from both groups and pumped towards BTC ATHs. \n\n\nRegulation will come to crypto, and it’ll take adjustment. If it’s too strict we’re gonna have to fight it. But it won’t destroy crypto. It’ll increase institutional trust in the system like never before and facilitate mass influx of cash from businesses, banks, governments, and investors trying to take advantage of the safer but still lucrative crypto markets. The massive inflow of money will bring ATHs, FOMO, and lots of mooning. Hold onto your butts. Some of the lucky few will be driving lambos, hopefully the rest of us at least a new Kia. And if regulation helps reduce hacks and fraud, then Bitcoin crypto crashes and bear markets may be fewer and less painful. Remember Japan and it’s multiple exchange hacks? Their crypto regulation is now pretty stringent as a result - and their FTX Japan customers will be getting their funds back, starting in February.', 'https://www.reddit.com/r/CryptoCurrency/comments/10m90qz/crypto_regulation_is_going_to_spark_the_bullrun/', '10m90qz', [['u/Bucksaway03', 25, '2023-01-27 03:04', 'https://www.reddit.com/r/CryptoCurrency/comments/10m90qz/crypto_regulation_is_going_to_spark_the_bullrun/j61osjf/', "Regulations will bring in some big investors who are currently standing back due to have no real safety net. The issue is knowing governments, they'll over regulate.\n\nImportant to remember though, they can't regulate crypto but they can regulate some of the exchanges", '10m90qz'], ['u/JustDownInTheMines', 20, '2023-01-27 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/10m90qz/crypto_regulation_is_going_to_spark_the_bullrun/j61p6wd/', 'Centralized exchanges should be regulated.', '10m90qz'], ['u/Baecchus', 12, '2023-01-27 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/10m90qz/crypto_regulation_is_going_to_spark_the_bullrun/j61req5/', 'Regulation = less scams = more adoption = green', '10m90qz']]], ['u/Captain_cascon', '9 months ago I tried helping a fellow future bitcoiner', 55, '2023-01-27 05:27', 'https://www.reddit.com/r/Bitcoin/comments/10mc1t1/9_months_ago_i_tried_helping_a_fellow_future/', "U/kulmOlu I hope you haven't bought 9 months ago and studied a bit about the halving cycles.\n1 month ago I put all my life saving on Bitcoin, I believe in the continuity of the previous halving cycles.", 'https://i.redd.it/gdxjzurd1kea1.png', '10mc1t1', [['u/Captain_cascon', 10, '2023-01-27 06:17', 'https://www.reddit.com/r/Bitcoin/comments/10mc1t1/9_months_ago_i_tried_helping_a_fellow_future/j62cesn/', "It's not foresight, it was a study about previous cycles, although we only had 3 since Bitcoin was born, right now we're on the beginning of the 4th cycle.\nAnd why I'm not the richest man? Cause I live in a 3rd world country and born on a poor family, but don't worry I'm starting my way up 👍", '10mc1t1'], ['u/savinelli_smoker', 35, '2023-01-27 07:02', 'https://www.reddit.com/r/Bitcoin/comments/10mc1t1/9_months_ago_i_tried_helping_a_fellow_future/j62gqtq/', 'Man, as much as I want you to be right, past events do not have any bearing on future events. Cycles and recurrences do keep coming back at the predictable time… until they don’t anymore.', '10mc1t1'], ['u/Pasukaru0', 11, '2023-01-27 12:46', 'https://www.reddit.com/r/Bitcoin/comments/10mc1t1/9_months_ago_i_tried_helping_a_fellow_future/j637eqn/', 'Now show us all the examples where you were wrong to give us the correct representation of your forecasting skills.', '10mc1t1'], ['u/Wise-Application-144', 22, '2023-01-27 13:00', 'https://www.reddit.com/r/Bitcoin/comments/10mc1t1/9_months_ago_i_tried_helping_a_fellow_future/j638oz3/', 'My current working assumption is that the cycles continue but flatten more each time. \n\nThis corresponds to a technology adoption S-curve, and looks like a plateauing staircase on the log scale. It\'s like AM radio - you have a high frequency signal (4 year boom and bust cycles) built on top of a lower frequency signal (logarithmic adoption curve over decades).\n\nBitcoin can eventually reach a steady state without "breaking" either curve. So it\'s not a matter of "it follows a pattern until it doesn\'t", it\'s a matter of the pattern being a second-order polynomial and flattening over time. \n\n \n\nWhether bitcoin takes over as a global currency, or whether it "just" becomes another asset , these scenarios only affect the magnitude of the curve, not the overall behaviour. \n\n&#x200B;\n\nObviously there are macro events (eg the recent FTX collapse) that heavily influence price, I think many people into TA/cycles (eg PlanB) make the mistake of making much too detailed predictions that are lost in the noise of macro. \n\nYou have to have very large error bars on your predictions for bitcoin. \n\n&#x200B;\n\nMy own personal model is that the low frequency curve (logarithmic) points towards a long term value of between $100k and $5m by the end of the decade. \n\nAnd the high frequency (boom/bust every halving) points towards a reversion to the recent mean of \\~$40k later on this year, followed by a rally to $100-$300k in early 2025 after the next halving. \n\n&#x200B;\n\nThat\'s as detailed as it can realistically be, but I\'m fairly confident in it.', '10mc1t1']]], ['u/AutoModerator', '[Daily Discussion] - Friday, January 27, 2023', 34, '2023-01-27 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/', '10mcn5p', [['u/bittabet', 15, '2023-01-27 07:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j62goj9/', 'Sorry guys, I went low leverage long so the entire bull cycle is probably called off.', '10mcn5p'], ['u/tallyhoallaboard', 13, '2023-01-27 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j62gshv/', 'You just made sub 20k a certainty.', '10mcn5p'], ['u/ImpudicusFungus', 16, '2023-01-27 07:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j62kldk/', 'Disappear', '10mcn5p'], ['u/Downtown-Ad-4117', 11, '2023-01-27 09:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j62syj5/', 'He would shut up and let people think wrong things.', '10mcn5p'], ['u/xixi2', 14, '2023-01-27 16:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j63vdol/', '23k about to be rejected for the 342nd time!', '10mcn5p'], ['u/xtal_00', 12, '2023-01-27 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j647jm4/', 'Still long, up pressure still intact, expect to test higher again.', '10mcn5p'], ['u/BootyPoppinPanda', 12, '2023-01-27 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j64fjd7/', 'Remember when Bitcoin goes so parabolic on the daily that it almost goes back in time? I want that', '10mcn5p'], ['u/zberg69420', 26, '2023-01-27 18:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j64fnvi/', '"its ok BTC, you go when you wanna go"', '10mcn5p'], ['u/AKANotAValidUsername', 15, '2023-01-27 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j64mduj/', 'im ready for some friday night lights', '10mcn5p'], ['u/BootyPoppinPanda', 14, '2023-01-27 19:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j64vou4/', "Longing for the euphoria ain't the same as in it. Peak euphoria is accompanied with 2k+ comments in here. \n\nWe're very much in Goblin Town", '10mcn5p'], ['u/SwiZZlenator', 12, '2023-01-27 21:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j657u83/', 'Bought 4 @ $23,450. That’s 50% above the Nov low.\n\nIn 2019, 50% above the low was $4,700 which proved to be a good, not great, entry. Hopefully history rhymes.', '10mcn5p'], ['u/autistictheory', 14, '2023-01-27 21:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j658bjv/', 'I think its going to slice right through resistance at $25,000 this weekend and go for the $27,000 test. \n\nif that happens we will probably will retrace to $25k before heading for $30,000 where we will see the real resistance.\n\nRemindMe! 1 week', '10mcn5p'], ['u/Jaxsoy', 11, '2023-01-27 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j658xq6/', 'Hopefully one day I can just casually toss around $100k like that lmao', '10mcn5p'], ['u/xtal_00', 16, '2023-01-27 21:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j659hrg/', 'Cancelled my TP and going to let this run for the weekend and see what happens.\n\nLong is well in profit now.\n\nUp pressure is always there. No flood of coins into exchanges.\n\n25k falls and the bull is on. I would expect some wild PA if we get close, though.', '10mcn5p'], ['u/ChadRun04', 20, '2023-01-27 21:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j659skk/', 'Weekends were fake.\n\nCaroline only sold Bitcoin on weekdays.\n\nWeekends now real again.', '10mcn5p'], ['u/SwiZZlenator', 10, '2023-01-27 22:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j65g437/', "Here's my take on BTC forming a Wyckoff Accumulation Pattern #1 starting in May 2022.\n\n[https://www.tradingview.com/x/0O4jic8P/](https://www.tradingview.com/x/0O4jic8P/)\n\n[https://school.stockcharts.com/doku.php?id=market\\_analysis:the\\_wyckoff\\_method](https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method)", '10mcn5p'], ['u/VictorCobra', 13, '2023-01-27 23:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j65u6ev/', "I don't see too much talk about this, but Bitcoin is at a pretty crucial position, from a technical standpoint. Sitting [right below](https://www.tradingview.com/x/epU3kMUz/) the impending weekly death cross and also right at the 9 month EMA, which is about to cross over the 50 month MA for the [first time in history.](https://www.tradingview.com/x/8kO9k9cI/) How Bitcoin reacts here should be pretty telling.\n\nFailing to break and hold these moving averages could solidify some serious long term weakness, especially since Bitcoin has never sustained a breakdown below the 200 week. It's taken a 50% upwards move to get it even within striking distance of previous historical support. \n\nOn the other hand, there is a lot of upside potential should price manage to squeeze above. For instance, price can head nearly straight up towards $40k. My theory has generally been that Bitcoin has entered a long term downtrend, so my expectation has been that these MA's serve as resistance, even if there is a momentary spike above. Haven't really been looking at charts too much over the last couple months, but right now I'm paying attention.\n\nIf I'm wrong, then I'll be more concerned about the future. I don't think humanity tends to invest in its own best interest, at least anymore.\n\nEdit: okay fine, \n\n-Victor Cobra", '10mcn5p'], ['u/696_eth', 17, '2023-01-27 23:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/10mcn5p/daily_discussion_friday_january_27_2023/j65uvbg/', 'Nice post!\n\nBut what happened to this bit?\n> -Victor Cobra', '10mcn5p']]], ['u/DropWatcher', 'Drop Watch 1.27.23', 199, '2023-01-27 06:15', 'https://www.reddit.com/r/hiphopheads/comments/10mcxle/drop_watch_12723/', "#LPs\n\n- [**Lil Yachty - Let's Start Here.**](https://open.spotify.com/album/5iuR3BoEAOWAwblQXDtcdq) (w Daniel Caesar & Teezo Touchdown) **[Psych Rock]**\n- [**Popcaan - Great He Is**](https://music.apple.com/us/album/great-is-he/1666355708) (w Drake, Burna Boy + more) **[Dancehall, *OVO/Warner*]**\n- **[Aya Nakamura (🇲🇱) - DNK](https://music.apple.com/us/album/dnk/1660799087) [R&B, *Warner*]**\n- [**tana - GAULTIER**](https://open.spotify.com/album/3gAJr7IDHRv8qZvCDhQiaH) (w Lancey Foux) **[Plugg, *Galactic*]**\n- **[Summrs - Stuck In My Ways](https://open.spotify.com/album/7k5bmAoPq33iRid9vvK4aQ) [Plugg]**\n- [**Paula Cendejas (🇪🇸) - FOMO**](https://open.spotify.com/album/2wj8AHax9qryX210NBwu5Q) (w Danny Ocean + more) **[Latin Rap, *Warner*]**\n- **[DC The Don - SACRED HEART (+)](https://open.spotify.com/album/6Vhs2FuKpGhZ8Cl82watrF) [SoundCloud Rap, *Rostrum*]**\n- **[Styles P - Penultimate: A Calm Wolf Is Still a Wolf](https://open.spotify.com/album/1b2b8GpDk1KVl01TgxuFBI) [NYC Rap]**\n- **[Thes One (of People Under The Stairs) - Farewell, my friend.](https://open.spotify.com/album/3223yckrIqK6F8yEjcekrJ) [West Coast Rap]**\n- [**BiC Fizzle - Clark Street Baby**](https://open.spotify.com/album/0IIx3duVO5PY0gdAelTann) (w NoCap, Big Yavo, Cootie + more) **[AK Trap, *1017*]**\n- [**Spinabenz - No More Heroes**](https://open.spotify.com/album/4qIACaBW3Eacn9ZW3087gW) (w Whoppa Wit Da Choppa & GetRichZay) **[Florida Trap]**\n- **[Carlos Corté$ (🇪🇨) - MELANIE](https://open.spotify.com/album/5oxgb6KTrhJZgbzfwP0v9S) [Latin Rap]**\n- [**Talibando - WAR LORD**](https://music.apple.com/us/album/war-lord/1661012665) (w LUCKI, Babyface Ray, BabyTron, Veeze, Prince Jefe & Tommy Shabazz) **[Michigan Trap]**\n- **[Dano (🇵🇷) - El Hombre Hace Planes, Dios Se Ríe](https://open.spotify.com/album/0xEGQSfKAhZj1yAFj4JMYP) [Latin Rap]**\n- **Bo Bundy - The Lonestar: [Side A](https://open.spotify.com/album/1rJiyZO8IkLAG0oWweOrHp) and [B](https://open.spotify.com/album/06umNxBSyTAPfB3XYfn95D) (w Paul Wall, Maxo Kream, Le$) **[Southern Rap]**\n- [**Glockboyz Teejae - Glocky Balboa**](https://open.spotify.com/album/5egXqTeBKBtcZQUMD3AY35) (w Sada Baby, OnFully, RTB MB, BandGang Lonnie Bands, YSR Gramz, Skilla Baby, Nuk + more) **[Michigan Trap, *TF*]**\n- [**Celly Ru - Money Family Respect**](https://music.apple.com/us/album/money-family-respect/1667056781) (w Mozzy, DaBoii, OhGeesy, YN Jay, Louie Ray, Baby Money, Millyz, Teejay3k, Lil Bean, ZayBang, Stunna Girl, E Mozzy + more) **[Sacramento Gangsta Trap, *Free the Lost/Fo Eva East*]**\n- **[Jackie Venson - Evolution of Joy](https://open.spotify.com/album/3ZbnbSZwJooq41MPNH3iEC) [R&B]**\n- [**Eto & Futurewave - Dead Poets**](https://open.spotify.com/album/1DV0uKpAAf8BD3SJYKLAhB) (w Daniel Son, G4 Jag + more) **[East Coast Rap]**\n- [**Bla$ta - N.O.N. Fiction**](https://music.apple.com/us/album/bla%24ta-presents-n-o-n-fiction/1668247391) (w BandGang Lonnie Bands, Celly Ru + more) **[Bay Area Trap, *Thizzler*]**\n- **[Marlon Breeze (🇨🇱) - Detineishon](https://open.spotify.com/album/3UPO0G4FZs0ClgTt906C8O) [Latin Rap]**\n- [**Bouba Savage - It's Amazing Win a Lot**](https://open.spotify.com/album/2FXePTi09sKR7BYfbiUIDg) (w Lil Uzi Vert) **[Rap, *Highbridge*]**\n- **[Harto Fallon & EERA - Extra Curriculum](https://open.spotify.com/album/7s9t2u44JgbTEWvn4eScve) [*Surf Gang*]**\n- **[Jeriq (🇳🇬) - BILLION DOLLAR DREAM](https://music.apple.com/us/album/billion-dollar-dream-deluxe-version/1660105024) [Nigerian Rap]**\n- [**AWOL One - SCRIBBLEFACE**](https://open.spotify.com/album/2X9c2RfBYTAJku6obtGSI9) (w Open Mike Eagle + more) **[Underground Rap]**\n- [**Popstar Benny - University!**](https://open.spotify.com/album/2xw0B64oywuXxG7KGAC3RY) (w Bear1Boss, DavidTheTragic, Tony Shhnow, Moh Baretta, Duwap Kaine + more) **[Plugg, *True Panther*]**\n- [**Rueben Vincent - Love Is War**](https://open.spotify.com/album/5vAUAxrTpeZJCQWQRSB13g) (w Ant Clemons, Rapsody, REASON + more) **[*Roc Nation*]**\n- **[Dailos MB (🇪🇸) - Fase DMB](https://open.spotify.com/album/5q0FUarM5tWD8G0LOKMaGB) [Latin Rap]**\n- **[Dreddy Kruger - THINKSTRUMENTALS](https://royalfam.bandcamp.com/album/thinkstrumentals) [Beat Tape]**\n\n#EPs\n\n- **[La Pantera (🇪🇸) - LONDON BLUE](https://open.spotify.com/album/7irpPjyohlW1CRQDqzctxF) [Latin Rap]**\n- **[Aflacko - Secret Formula](https://open.spotify.com/album/4788ajev90buC509rNVOGl) [West Coast Trap]**\n- **[KILLY (🇨🇦) & Jaegen - ECLIPSE](https://open.spotify.com/album/3SluEWtJ93kVaBcmd4JfFd) [Toronto Melodic Rap, *Secret Sound Club*]**\n- **[Casket D. & Statik Selektah - Calculated](https://open.spotify.com/album/6GyD6nYacYBimcZ7RCnkzo) [Boom Bap]**\n- **[Adrian Younge & Ali Shaheed Muhammad - JID016: Phil Ranelin and Wendell Harrison](https://music.apple.com/us/album/phil-ranelin-and-wendell-harrison-jid016-feat-phil/1657788784) [Jazz, *Jazz Is Dead*]**\n- [**YeloHill & Suga Free - SugaHill**](https://open.spotify.com/album/0n67Fu7WLC0DEJawq1eKxA) (w Jay Worthy + more) **[West Coast Rap]**\n- **[Junglepussy - Jp Day 1s](https://open.spotify.com/album/2AAJWEoud6KwrpkizrvsTK) [Southern Rap]**\n- **[Anti Da Menace & FOREVEROLLING - Forever Da Menace](https://open.spotify.com/album/7ul8LU2LROi8NKcKboLkQV) [Trap]**\n- **[JM (🇪🇸) - Tránsitos](https://open.spotify.com/album/1qQ60Itu7OSsFffu4paNv5) [Latin Rap]**\n- **[C.S. Armstrong - Groove Tape](https://open.spotify.com/album/1iu84Dt1N2PW2OzdVoWgxE) [R&B]**\n- **[Lou Phelps - Touché](https://open.spotify.com/album/1wA6oSjAJhnyM7mLZLVkpQ) [Dance Rap, *Rostrum*]**\n- **[CRIMEAPPLE - El Cantante](https://open.spotify.com/album/5AMPEhbfGqSNfhImCslYzS) [East Coast Rap, *Fat Beats*]**\n- [**Tha God Fahim & Camoflauge Monk - Dark Shogunn Assassin**](https://open.spotify.com/album/469SJaQdopRRF8c4AyHMhl) (w Estee Nack) **[East Coast Rap]**\n- **[Rolando Fino (🇨🇱) - Negro Cromo](https://open.spotify.com/album/2S5vJBDAxYITOb3m1ZiKKq) [Latin Rap]**\n- **[Sleep Sinatra - SUBZERO.](https://sleepsinatra1.bandcamp.com/album/subzero) [Beat Tape, BSF]**\n- [**Fatboi Sharif & Roper Williams - Planet Unfaithful**](https://open.spotify.com/album/0m9UZSNepxCieFi3NQLFSs) (w E L U C I D & Bruiser Wolf) **[Alt-Rap, *POW*]**\n\n#Singles\n\n* The Kid LAROI - Love Again\n* KSI - Voices (feat. Oliver Tree)\n* YOVNGCHIMI, Myke Towers, Arcángel, Ñengo Flow & Yeruza - Baby Father 2.0\n* Kodak Black - Maui Woop*\n* Skrillex - Real Spring (feat. Yung Lean & Bladee)\n* Cordae & Anderson .Paak - Two Tens\n* Gorillaz - Silent Running (feat. Adeleye Omotayo)\n* Zack Bia - Hardcore (feat. Don Toliver)\n* Daniel Caesar - Do You Like Me?\n* Grafh & 38 Spesh - Hideo Miyagi (feat. French Montana)\n* Rae Sremmurd - Sucka Or Sum\n* Latto - Smoking on My Ex Pack (Freestyle)*\n* Logic - Maybach Music* / Picnic (Beat)\n* Gig Yag - Way I Get It (feat. Rick Ross)\n* Gritty - Abundance (feat. Rick Ross & Official 3-2)\n* Rob Run Corleone - Dope Talk 2 (feat. Rick Ross & Kamron Bahani)\n* VIC MENSA - STRAWBERRY LOUIS VUITTON (feat. Thundercat & Maeta)\n* SAINt JHN - You Laughed at Me\n* Busta Rhymes - Murda (feat. Bilal)\n* NandoSTL, T-Pain & Young Cash - YOTA\n* Cartier X - Forever Mine (feat. Blxst)\n* Rich Brian - Sundance Freestyle\n* Lil Crix - Kick Yo Doe (feat. Nardo Wick)\n* midwxst & Denzel Curry - Tally\n* GLU & Phantogram - MY DEMONS\n* Mac Ty - Duckin' Smoke (feat. GloRilla)\n* EST Gee - Blow Up / IF I STOP NOW\n* Cochise - LONG WAY\n* Bas - Diamonds\n* Mr Eazi - Werser\n* SleazyWorld Go - Robbers and Villains\n* Fousheé - Feel Amazing\n* Flo Milli - Conceited (feat. Lola Brooke & Maiya The Don)\n* ArrDee - Loser\n* Mozzy & Baby Money - Every Night\n* Chlöe - Pray It Away\n* Afroman - I Made It\n* Prof - Pack a Lunch (feat. Redman)\n* Ace Hood - OMG (Freestyle)*\n* WHIPPED CREAM, Jasiah & Crimson Child - The Dark\n* Bobby Shmurda & PGLo - Rats\n* slowthai - Selfish\n* XJC - BAGS (feat. OhGeesy)\n* Noah23 & Nedarb - Fast Life\n* Nedarb & Big Baby Scumbag - Stacks On Deck\n* Ray Vaughn & Ab-Soul - Sandcastles\n* YNW BSlime - I Got A Bag (feat. Hotboii)\n* BigXthaPlug - Primetime\n* Louis VI & Mick Jenkins - Orange Skies\n* Luke Banter - Caroline (feat. Lil Gnar)\n* KayCyy - MOTOWN (feat. BabyTron)\n* Quando Rondo - Long Live Pabb* / Speeding\n* Bruno LC, Chucky73, Blunted Vato & El Osito Wito - Blunted 6\n* Coyote, Drakeo the Ruler & Cypress Moreno - Frontline\n* Jalen Santoy & Emilio Rojas - Bad Thing\n* NoCap - Deadicated*\n* Cruch Calhoun & Dave East – Tapped In (feat. Dre Mac)\n* C-Note Slim - Gang (feat. Sauce Walka & Iviona Badazz)\n* DZ & Sauce Walka - Hustle Game\n* Abhi the Nomad & Kato On The Track - Gordon Ramsey\n* KELVYN COLT - EYE4EYE\n* Cookin So...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['ATLANTA and NEW YORK , Jan. 28, 2023 /PRNewswire/ \x96 Cryptocurrency futures trading has become a popular way for traders to gain exposure to the volatile digital asset market without owning the underlying assets themselves. These financial derivatives allow traders to speculate on the future price movements of various cryptocurrencies, such as Bitcoin and Ethereum . Let\'s take a closer look at what cryptocurrency futures trading is, and how to trade crypto futures with Covo Finance , a fully decentralized Exchange. Trade Crypto Futures with Covo Finance DEX Basics of Cryptocurrency Futures A Crypto futures contract is a legally binding agreement between two parties to buy or sell an underlying crypto at a predetermined price and date in the future. This type of contract is commonly used in traditional markets, such as commodities, to manage price risk and provide liquidity. However, with the rise of digital currencies, futures contracts have been adapted to apply to the cryptocurrency market. Traders can take a long or short position on a particular cryptocurrency , speculating on whether the price will go up or down in the future. For example, if traders believe that Bitcoin will rise, they can take a long position by purchasing a futures contract. If the price of Bitcoin increases, the trader will make a profit, while if the price goes down, they will incur a loss. Similarly, if a trader believes that the price of Bitcoin will decrease, they can take a short position by selling a futures contract. In this case, if the price of Bitcoin drops, the trader will make a profit. One of the main advantages of cryptocurrency futures trading is the ability to use leverage. Leverage allows traders to make large trades with relatively small capital. For example, if a trader wants to take a $10,000 position on Bitcoin , they would only need to put up a fraction of that amount as collateral. How to Trade Cryptocurrency Futures Choose a reputable exchange: Several DEXs such as Covo Finance offer crypto futures trading, which enables traders to buy crypto futures for major currencies directly from their wallets with up to 50x leverage. Connect wallet: To start trading, Traders need to connect their wallets, such as MetaMask or Trust Wallet. Fund wallet: Before starting trading crypto futures, traders will need to fund their wallet with the crypto of choice for collateral. Choose a futures contract: Once the wallet is funded, traders can choose the crypto futures they want to trade along with the leverage to use. Place order: Traders can choose whether to go long or short on the crypto and set a stop loss to limit potential losses. Story continues Crypto Futures Trading with Covo Finance Trading crypto futures on a decentralized exchange (DEX) like Covo Finance is different from trading on a centralized exchange; DEX provides greater security and reduces the risk of hacking or 3rd party custodial risks. But the basic principles remain the same. Covo Finance, a 100% decentralized spot and perpetual exchange, has emerged as one of the best options for crypto futures trading. The platform allows users to trade major cryptocurrencies such as Bitcoin , Ethereum , and Chainlink tokens directly from their crypto wallets. One of the main advantages of Covo Finance is its low trading fees and zero price-impact trades, which make it the fastest-growing spot and futures DEX on the Polygon network. Additionally, the platform offers perpetual futures trading with up to 50x leverage , making it an excellent option for experienced traders. Despite the potential benefits of cryptocurrency futures trading, several risks also exist. One of the main risks is the volatility of the underlying assets. Digital currencies are known for their high volatility, making it difficult to predict price movements. This volatility can lead to significant losses for traders who need to be better versed in the market. Cryptocurrency futures trading allows traders to gain exposure to the digital asset market without owning the underlying assets themselves. Additionally, the ability to use leverage and trade on margin can provide traders with the potential to make more significant profits. In conclusion, cryptocurrency futures trading is a popular investment strategy that allows traders to speculate on the future price movements of various cryptocurrencies. While Covo Finance\'s low trading fees, zero price-impact trades, and its new mechanism for its "COVO Pool" that facilitates all platform trades while maximizing interest earned on users\' crypto make it one of the best options for crypto futures trading. Photo - https://mma.prnewswire.com/media/1991550/Covo_Finance_DEX.jpg Logo - https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Covo Finance Logo (PRNewsfoto/Covo Finance) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trade-crypto-futures-with-covo-finance-dex-301732955.html SOURCE Covo Finance', 'ATLANTA and NEW YORK , Jan. 28, 2023 /PRNewswire/ \x96 Cryptocurrency futures trading has become a popular way for traders to gain exposure to the volatile digital asset market without owning the underlying assets themselves. These financial derivatives allow traders to speculate on the future price movements of various cryptocurrencies, such as Bitcoin and Ethereum . Let\'s take a closer look at what cryptocurrency futures trading is, and how to trade crypto futures with Covo Finance , a fully decentralized Exchange. Trade Crypto Futures with Covo Finance DEX Basics of Cryptocurrency Futures A Crypto futures contract is a legally binding agreement between two parties to buy or sell an underlying crypto at a predetermined price and date in the future. This type of contract is commonly used in traditional markets, such as commodities, to manage price risk and provide liquidity. However, with the rise of digital currencies, futures contracts have been adapted to apply to the cryptocurrency market. Traders can take a long or short position on a particular cryptocurrency , speculating on whether the price will go up or down in the future. For example, if traders believe that Bitcoin will rise, they can take a long position by purchasing a futures contract. If the price of Bitcoin increases, the trader will make a profit, while if the price goes down, they will incur a loss. Similarly, if a trader believes that the price of Bitcoin will decrease, they can take a short position by selling a futures contract. In this case, if the price of Bitcoin drops, the trader will make a profit. One of the main advantages of cryptocurrency futures trading is the ability to use leverage. Leverage allows traders to make large trades with relatively small capital. For example, if a trader wants to take a $10,000 position on Bitcoin , they would only need to put up a fraction of that amount as collateral. How to Trade Cryptocurrency Futures Choose a reputable exchange: Several DEXs such as Covo Finance offer crypto futures trading, which enables traders to buy crypto futures for major currencies directly from their wallets with up to 50x leverage. Connect wallet: To start trading, Traders need to connect their wallets, such as MetaMask or Trust Wallet. Fund wallet: Before starting trading crypto futures, traders will need to fund their wallet with the crypto of choice for collateral. Choose a futures contract: Once the wallet is funded, traders can choose the crypto futures they want to trade along with the leverage to use. Place order: Traders can choose whether to go long or short on the crypto and set a stop loss to limit potential losses. Story continues Crypto Futures Trading with Covo Finance Trading crypto futures on a decentralized exchange (DEX) like Covo Finance is different from trading on a centralized exchange; DEX provides greater security and reduces the risk of hacking or 3rd party custodial risks. But the basic principles remain the same. Covo Finance, a 100% decentralized spot and perpetual exchange, has emerged as one of the best options for crypto futures trading. The platform allows users to trade major cryptocurrencies such as Bitcoin , Ethereum , and Chainlink tokens directly from their crypto wallets. One of the main advantages of Covo Finance is its low trading fees and zero price-impact trades, which make it the fastest-growing spot and futures DEX on the Polygon network. Additionally, the platform offers perpetual futures trading with up to 50x leverage , making it an excellent option for experienced traders. Despite the potential benefits of cryptocurrency futures trading, several risks also exist. One of the main risks is the volatility of the underlying assets. Digital currencies are known for their high volatility, making it difficult to predict price movements. This volatility can lead to significant losses for traders who need to be better versed in the market. Cryptocurrency futures trading allows traders to gain exposure to the digital asset market without owning the underlying assets themselves. Additionally, the ability to use leverage and trade on margin can provide traders with the potential to make more significant profits. In conclusion, cryptocurrency futures trading is a popular investment strategy that allows traders to speculate on the future price movements of various cryptocurrencies. While Covo Finance\'s low trading fees, zero price-impact trades, and its new mechanism for its "COVO Pool" that facilitates all platform trades while maximizing interest earned on users\' crypto make it one of the best options for crypto futures trading. Photo - https://mma.prnewswire.com/media/1991550/Covo_Finance_DEX.jpg Logo - https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Covo Finance Logo (PRNewsfoto/Covo Finance) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trade-crypto-futures-with-covo-finance-dex-301732955.html SOURCE Covo Finance', 'Peter Thiel Neilson Barnard/Getty Images for New York Times In 2011, Silicon Valley giant Peter Thiel created a fellowship that pays young entrepreneurs to drop out of college. The program initially faced backlash, but the fellowship now counts many powerful young figures as alumni. Check out some of the Thiel Fellowship\'s most successful alumni. What is the Thiel Fellowship? PayPal cofounder Peter Thiel speaks during a discussion at the National Press Club in Washington, DC, in 2011. Chip Somodevilla/Getty Images Peter Thiel is a giant in Silicon Valley. After co-founding PayPal with Elon Musk and Max Levchin, Thiel went on to found Palantir. He\'s the first outside investor in Facebook and has invested in other tech success stories like SpaceX and Airbnb. Thiel is also a vocal supporter of libertarian and conservative politics and once told a podcast host that too much education has "brainwashed" Silicon Valley. In fact, Thiel created a fellowship in 2011 that encourages entrepreneurs to choose the path less traveled and skip college altogether. The Thiel Fellowship, which started in 2011, "gives $100,000 to young people who want to build new things instead of sitting in a classroom," according to the fellowship\'s website. The controversy Getty / Chip Somodevilla The program had a rocky start in its first few years, according to the book "The Contrarian: Peter Thiel and Silicon Valley\'s Pursuit of Power" by Max Chafkin. Some fellows, who were as young as 16, had never been in charge of their own finances and felt they were left adrift by the program. "It was college without the classes, a residential community, or studying — in short, most of what was enriching about college," wrote Chafkin. The program attracted critics. In a 2013 piece, entrepreneur and academic Vivek Wadhwa wrote , "Sadly, for the vast majority of college dropouts, the opportunities are sparse. They\xa0won\'t earn nearly as much as their friends who had the perseverance to finish what they had started. And if they do become entrepreneurs, the companies they start will be far less successful than those started by degree holders." Despite the program\'s controversy, it has produced multiple towering figures in Silicon Valley. See some of the fellowship\'s notable alumni: Vitalik Buterin Story continues Vitalik Buterin founded Ethereum in 2013. John Phillips/ Getty images Vitalik Buterin is the mastermind behind the decentralized blockchain platform Ethereum. Buterin was selected as a Thiel Fellow in 2014 at 20 years old. By that time, he had already started Ethereum and Bitcoin Magazine. Since his fellowship, Ethereum has grown to become the world\'s second-largest cryptocurrency. As the price of cryptocurrencies shot up in 2021, Buterin\'s personal fortune rose to about $1.5 billion, according to Bloomberg. However, since then, the price of Ethereum has sunk, and so did Buterin\'s fortune. Last May, he tweeted that he\'s no longer a billionaire. Dylan Field Courtesy of Dylan Field Field is now the wealthiest person to go through Thiel\'s fellowship, according to Bloomberg. He dropped out of Brown in 2012 to accept the opportunity and co-founded a software company called Figma to challenge Adobe\'s PhotoShop. A decade later, in September 2022, Adobe announced it would acquire Figma in a deal valued at $20 billion, making Field a billionaire. In a 2020 LinkedIn blog post where he discussed his Thiel Fellowship application, Field said his original pitch was about drones, not web design. "Startups are creative endeavors and they usually don\'t follow clean, predictable trajectories, especially in the early days. The "perfect idea" rarely comes from fancy spreadsheets and market analysis," he wrote. Laura Deming YouTube/Hello Tomorrow Deming was part of the Thiel Fellowship\'s inaugural class in 2011. She began working in a lab at age 12 and was enrolled at MIT by age 14. She dropped out at 16 to pursue Thiel\'s program. In a press release announcing the first round of Thiel Fellows, Deming was touted as trying to find a scientific cure for aging. Since her time in Thiel\'s program, though, she has pivoted to venture capital investing. In 2017, when Deming was 23 years old, her fund, called the Longevity Fund, raised $22 million. Lucy Guo Lucy Guo is the founder and CEO of Moment. Lucy Guo Guo was selected for the 2014 class of fellows at age 19. She had been making profitable websites since she was in 6th grade, according to the fellowship\'s press release. During her 2-year stint in Thiel\'s fellowship, Guo worked on a platform that would allow students to complete schoolwork via multiplayer games, according to the release. Since then, Guo was hired as Snap\'s first female designer, and she cofounded an artificial intelligence firm called Scale AI, which is worth $7.3 billion as of 2021, according to Crunchbase. Most recently, Guo founded Passes, which is a web3 platform for creators. According to Forbes, Guo is worth $440 million. Austin Russell Luminar founder and CEO Austin Russell Kimberly White / Stringer Russell became the world\'s youngest self-made billionaire at age 25, according to Forbes. Russell is the founder of Luminar Technologies, which develops technology for self-driving cars, and has a partnership with Volvo. Russell dropped out of Stanford in 2012 after winning Thiel\'s fellowship prize. He had the idea for the self-driving tech company since he was in high school. Luminar publicly listed its shares on the Nasdaq in 2020, and Russell\'s wealth skyrocketed. He is now worth more than $1 billion, according to Forbes\' latest calculations. Joshua Browder Joshua Browder, founder, and CEO of DoNotPay DoNotPay Browder joined the 2018 class of Thiel fellows after dropping out of Stanford. He founded DoNotPay, a "robot lawyer" that helps users fight parking tickets and negotiate cable bills. Recently, Browder attempted to use AI to help a defendant fight a traffic ticket in court but dropped the effort after receiving threats of possible jail time. Nevertheless, DoNotPay has raised more than $27 million in funding, according to Crunchbase. Browder also started a venture capital firm called Browder Capital, through which he invested in fellow Thiel alum Dylan Field\'s company Figma before its $200 billion acquisition by Adobe. Ritesh Agarwal Oyo CEO Ritesh Agarwal Oyo Agrawal, the founder of OYO Rooms, was selected for Thiel\'s fellowship in 2013. OYO is a budget hotel chain that began in India but has expanded across Asia, Europe, and America. It has raised $4 billion in funding, according to Crunchbase. Robert Habermeier Habermier had already cofounded Polkadot alongside another Ethereum cofounder, Gavin Wood, when he was accepted as a Thiel Fellow in 2018. Polkadot is a web3 company , blockchain platform, and cryptocurrency. It is sometimes referred to as the "Ethereum killer," according to a recent report . Polkadot\'s price has fallen significantly, but the cryptocurrency\'s market cap still hovers near $8 billion. Read the original article on Business Insider', 'Peter Thiel Neilson Barnard/Getty Images for New York Times In 2011, Silicon Valley giant Peter Thiel created a fellowship that pays young entrepreneurs to drop out of college. The program initially faced backlash, but the fellowship now counts many powerful young figures as alumni. Check out some of the Thiel Fellowship\'s most successful alumni. What is the Thiel Fellowship? PayPal cofounder Peter Thiel speaks during a discussion at the National Press Club in Washington, DC, in 2011. Chip Somodevilla/Getty Images Peter Thiel is a giant in Silicon Valley. After co-founding PayPal with Elon Musk and Max Levchin, Thiel went on to found Palantir. He\'s the first outside investor in Facebook and has invested in other tech success stories like SpaceX and Airbnb. Thiel is also a vocal supporter of libertarian and conservative politics and once told a podcast host that too much education has "brainwashed" Silicon Valley. In fact, Thiel created a fellowship in 2011 that encourages entrepreneurs to choose the path less traveled and skip college altogether. The Thiel Fellowship, which started in 2011, "gives $100,000 to young people who want to build new things instead of sitting in a classroom," according to the fellowship\'s website. The controversy Getty / Chip Somodevilla The program had a rocky start in its first few years, according to the book "The Contrarian: Peter Thiel and Silicon Valley\'s Pursuit of Power" by Max Chafkin. Some fellows, who were as young as 16, had never been in charge of their own finances and felt they were left adrift by the program. "It was college without the classes, a residential community, or studying — in short, most of what was enriching about college," wrote Chafkin. The program attracted critics. In a 2013 piece, entrepreneur and academic Vivek Wadhwa wrote , "Sadly, for the vast majority of college dropouts, the opportunities are sparse. They\xa0won\'t earn nearly as much as their friends who had the perseverance to finish what they had started. And if they do become entrepreneurs, the companies they start will be far less successful than those started by degree holders." Despite the program\'s controversy, it has produced multiple towering figures in Silicon Valley. See some of the fellowship\'s notable alumni: Vitalik Buterin Story continues Vitalik Buterin founded Ethereum in 2013. John Phillips/ Getty images Vitalik Buterin is the mastermind behind the decentralized blockchain platform Ethereum. Buterin was selected as a Thiel Fellow in 2014 at 20 years old. By that time, he had already started Ethereum and Bitcoin Magazine. Since his fellowship, Ethereum has grown to become the world\'s second-largest cryptocurrency. As the price of cryptocurrencies shot up in 2021, Buterin\'s personal fortune rose to about $1.5 billion, according to Bloomberg. However, since then, the price of Ethereum has sunk, and so did Buterin\'s fortune. Last May, he tweeted that he\'s no longer a billionaire. Dylan Field Courtesy of Dylan Field Field is now the wealthiest person to go through Thiel\'s fellowship, according to Bloomberg. He dropped out of Brown in 2012 to accept the opportunity and co-founded a software company called Figma to challenge Adobe\'s PhotoShop. A decade later, in September 2022, Adobe announced it would acquire Figma in a deal valued at $20 billion, making Field a billionaire. In a 2020 LinkedIn blog post where he discussed his Thiel Fellowship application, Field said his original pitch was about drones, not web design. "Startups are creative endeavors and they usually don\'t follow clean, predictable trajectories, especially in the early days. The "perfect idea" rarely comes from fancy spreadsheets and market analysis," he wrote. Laura Deming YouTube/Hello Tomorrow Deming was part of the Thiel Fellowship\'s inaugural class in 2011. She began working in a lab at age 12 and was enrolled at MIT by age 14. She dropped out at 16 to pursue Thiel\'s program. In a press release announcing the first round of Thiel Fellows, Deming was touted as trying to find a scientific cure for aging. Since her time in Thiel\'s program, though, she has pivoted to venture capital investing. In 2017, when Deming was 23 years old, her fund, called the Longevity Fund, raised $22 million. Lucy Guo Lucy Guo is the founder and CEO of Moment. Lucy Guo Guo was selected for the 2014 class of fellows at age 19. She had been making profitable websites since she was in 6th grade, according to the fellowship\'s press release. During her 2-year stint in Thiel\'s fellowship, Guo worked on a platform that would allow students to complete schoolwork via multiplayer games, according to the release. Since then, Guo was hired as Snap\'s first female designer, and she cofounded an artificial intelligence firm called Scale AI, which is worth $7.3 billion as of 2021, according to Crunchbase. Most recently, Guo founded Passes, which is a web3 platform for creators. According to Forbes, Guo is worth $440 million. Austin Russell Luminar founder and CEO Austin Russell Kimberly White / Stringer Russell became the world\'s youngest self-made billionaire at age 25, according to Forbes. Russell is the founder of Luminar Technologies, which develops technology for self-driving cars, and has a partnership with Volvo. Russell dropped out of Stanford in 2012 after winning Thiel\'s fellowship prize. He had the idea for the self-driving tech company since he was in high school. Luminar publicly listed its shares on the Nasdaq in 2020, and Russell\'s wealth skyrocketed. He is now worth more than $1 billion, according to Forbes\' latest calculations. Joshua Browder Joshua Browder, founder, and CEO of DoNotPay DoNotPay Browder joined the 2018 class of Thiel fellows after dropping out of Stanford. He founded DoNotPay, a "robot lawyer" that helps users fight parking tickets and negotiate cable bills. Recently, Browder attempted to use AI to help a defendant fight a traffic ticket in court but dropped the effort after receiving threats of possible jail time. Nevertheless, DoNotPay has raised more than $27 million in funding, according to Crunchbase. Browder also started a venture capital firm called Browder Capital, through which he invested in fellow Thiel alum Dylan Field\'s company Figma before its $200 billion acquisition by Adobe. Ritesh Agarwal Oyo CEO Ritesh Agarwal Oyo Agrawal, the founder of OYO Rooms, was selected for Thiel\'s fellowship in 2013. OYO is a budget hotel chain that began in India but has expanded across Asia, Europe, and America. It has raised $4 billion in funding, according to Crunchbase. Robert Habermeier Habermier had already cofounded Polkadot alongside another Ethereum cofounder, Gavin Wood, when he was accepted as a Thiel Fellow in 2018. Polkadot is a web3 company , blockchain platform, and cryptocurrency. It is sometimes referred to as the "Ethereum killer," according to a recent report . Polkadot\'s price has fallen significantly, but the cryptocurrency\'s market cap still hovers near $8 billion. Read the original article on Business Insider', 'Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market\'sfourth consecutive weekof marketwide gains.But the coins are still off to a much better year in 2023 than they had in 2022.\nAs of Saturday morning, according to CoinGecko price data, Bitcoin (BTC) is flat over the past seven days and currently trades for $22,924.Researchers this week said that the end of the first day of Chinese New Year is anoptimal timeto open up long positions in crypto, because based on the last eight years, selling 10 days later nets an average profit of 9%.\nEthereum (ETH) is down 5.2% for the week, trading at $1,571. Ethereum developers announcedon Tuesdaythat they had made important progress towards the network’s next scheduled upgrade, the much-anticipated Shanghai upgrade. Shanghai will let stakers finally withdraw their ETH (you need to stake 32 ETH or about $51k to start mining Ethereum) and any rewards that have accrued so far.\nOther names saw heathy gains.\nAptos (APT) enjoyed a blistering rally of 56% and currently trades for $17.09. The token has been rallying hardall week. It’s difficult to pinpoint just one reason, but a large part of the trading volume came fromarbitrage trading in South Korea, where crypto is often priced as much as 50 cents higher on some exchanges. This discrepancy has already been dubbed the "kimchi premium” when it comes to Bitcoin and can be exploited by savvy traders to turn in small profits. (The kimchi premium is how Sam Bankman-Fried got started in crypto trading.)\nWhen Aptos launched late last year, itcrashed 40%and the project waswidely pannedfor launching with obscure tokenomics, large token allocations (49%) for developers and private investors, and for promising speeds of up to 120,000 transactions per second (tps), but only managing 4 tps on launch.\nAxie Infinity (AXS), the native token for the eponymous blockchain-based video game, blew up 25% this week andgained of 22%on Monday aloneafter a token unlocked released 2% of the game’s total supply onto the market. It’s currently worth $11.44.\nOther notable rallies by leading cryptocurrencies this week included Avalanche (AVAX), which blew up 16% to $20.29, OKB, which rose 13% to $38.25, and Polygon (MATIC), up 8.5% to $1.11.\nThis week, regulators in the U.S. and Europe signaled that they’re continuing to keep cryptocurrencies on their to-do list. On Monday, the New York Department of Financial Servicespublisheda new set ofguidelinesadvising crypto companies on storage, use and other responsible and compliance-friendly practices when holding digital assets for clients.\nOn Tuesday, European Union lawmakers passedrequirementsfor banks to disclose if they are dealing with cryptocurrencies. The proposals also allegedly include rules requiring crypto-friendly banks to hold more capital in order to offset potential crypto losses, however, the regulatory package still needs to be approved by EU finance ministers and European parliament.\nOn Thursday, French regulators softened their approach to crypto licensing in the country andvoted through an amendmentallowing crypto companies to continue operating without a license until the European Union’s landmark crypto regulations are brought into force.The bloc’s landmark Markets in Crypto Assets (MiCA) bill is a unified regulatory framework that,if passed, will be applied to crypto across the Union. Voting will happen in April and if passed, the rules will then take another 18 months to be enforced.\nFinally, crypto friendly Republican senator Ted Cruz continued his push to getBitcoin on Capitol Hill. On Wednesday he issued a new directive encouraging operations managers at the House of Representatives and the Senate to work with people that accept crypto. Cruz’s proposal envisions vending machines and gift shops as places for crypto-savvy Washington folk to spend their hard earned BTC.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market\'s fourth consecutive week of marketwide gains. But the coins are still off to a much better year in 2023 than they had in 2022. As of Saturday morning, according to CoinGecko price data, Bitcoin (BTC) is flat over the past seven days and currently trades for $22,924. Researchers this week said that the end of the first day of Chinese New Year is an optimal time to open up long positions in crypto, because based on the last eight years, selling 10 days later nets an average profit of 9%. Ethereum (ETH) is down 5.2% for the week, trading at $1,571. Ethereum developers announced on Tuesday that they had made important progress towards the network’s next scheduled upgrade, the much-anticipated Shanghai upgrade. Shanghai will let stakers finally withdraw their ETH (you need to stake 32 ETH or about $51k to start mining Ethereum) and any rewards that have accrued so far. Other names saw heathy gains. Aptos (APT) enjoyed a blistering rally of 56% and currently trades for $17.09. The token has been rallying hard all week . It’s difficult to pinpoint just one reason, but a large part of the trading volume came from arbitrage trading in South Korea , where crypto is often priced as much as 50 cents higher on some exchanges. This discrepancy has already been dubbed the " kimchi premium ” when it comes to Bitcoin and can be exploited by savvy traders to turn in small profits. (The kimchi premium is how Sam Bankman-Fried got started in crypto trading.) When Aptos launched late last year, it crashed 40% and the project was widely panned for launching with obscure tokenomics, large token allocations (49%) for developers and private investors, and for promising speeds of up to 120,000 transactions per second (tps), but only managing 4 tps on launch. Axie Infinity (AXS), the native token for the eponymous blockchain-based video game, blew up 25% this week and gained of 22% on Monday alone after a token unlocked released 2% of the game’s total supply onto the market. It’s currently worth $11.44. Other notable rallies by leading cryptocurrencies this week included Avalanche (AVAX), which blew up 16% to $20.29, OKB, which rose 13% to $38.25, and Polygon (MATIC), up 8.5% to $1.11. Crypto on the regulatory agenda This week, regulators in the U.S. and Europe signaled that they’re continuing to keep cryptocurrencies on their to-do list. On Monday, the New York Department of Financial Services published a new set of guidelines advising crypto companies on storage, use and other responsible and compliance-friendly practices when holding digital assets for clients. Story continues On Tuesday, European Union lawmakers passed requirements for banks to disclose if they are dealing with cryptocurrencies. The proposals also allegedly include rules requiring crypto-friendly banks to hold more capital in order to offset potential crypto losses, however, the regulatory package still needs to be approved by EU finance ministers and European parliament. On Thursday, French regulators softened their approach to crypto licensing in the country and voted through an amendment allowing crypto companies to continue operating without a license until the European Union’s landmark crypto regulations are brought into force. The bloc’s landmark Markets in Crypto Assets (MiCA) bill is a unified regulatory framework that, if passed , will be applied to crypto across the Union. Voting will happen in April and if passed, the rules will then take another 18 months to be enforced. Finally, crypto friendly Republican senator Ted Cruz continued his push to get Bitcoin on Capitol Hill . On Wednesday he issued a new directive encouraging operations managers at the House of Representatives and the Senate to work with people that accept crypto. Cruz’s proposal envisions vending machines and gift shops as places for crypto-savvy Washington folk to spend their hard earned BTC. View comments', 'The crypto industry\'s meltdown – punctuated by the bankruptcy of one of the industry\'s most prominent firms — has not shaken Minnesota Congressman Tom Emmer\'s faith in private digital currencies.\n"I still think for digital assets in general, they are the future, and the future has arrived," said the Delano Republican, one of Congress\' biggest crypto boosters and now the third-ranking House Republican.\nBut the collapse of FTX Trading has sparked new tensions in Congress and in Washington about how to handle the industry — without clear agreement on a solution.\nDuring an interview with the Star Tribune, Emmer focused on Congress\' role in overseeing regulators, rather than in passing legislation to regulate crypto.\n"Congress has to start doing its job in making sure by way of our oversight function that we make sure our regulators do the job," he said.\nEmmer has been highly critical of the U.S. Securities and Exchange Commission\'s handling of the crypto industry, saying the agency has been ineffective and opaque — and demanding that its chairman, Gary Gensler, appear before Congress.\nClashes on Capitol Hill seem more likely than the passage of sweeping legislation to address the many regulatory uncertainties over cryptocurrency. Whatever plays out in Congress, Emmer will probably have a strong say.\nAnd after four years of running the House GOP\'s campaign arm, Emmer\'s new leadership post asHouse majority whipgives the Minnesotan far more visibility on legislation. Rep. Patrick McHenry, R-N.C., an Emmer ally, leads the House financial services panel that Emmer is serving onagain this year.\nThe crypto calculus is complicated by stark political realities. Republicans narrowly hold the U.S. House while Democrats run the U.S. Senate and control the White House. And the inherently complex nature of cryptocurrency presents its own challenges if Congress decides to take a hard look.\n"There are not many members of Congress that have the expertise or understanding of the crypto markets and those dynamics to effectively do so, which makes them very susceptible to lobbyists on the outside," said Rep. Dean Phillips, D-Minn.\nCryptocurrency is digital money that is created on a decentralized computer network. As crypto\'s value grew, industry players got bigger and boosted their lobbying efforts and campaign contributions.\nThe implosion of FTX, one of the largest crypto exchanges, raised particularly awkward questions for Congress.Co-founderSamuel Bankman-Fried and others within the FTX empire gavehefty political donationsbefore the collapse.\nYoung industry but growing\nSpeculators in cryptocurrency have minted — and lost — fortunes. But its use in everyday commerce is still limited.\nTo its proponents, cryptocurrency protects investors\' wealth through a decentralized financial system, one free of intervention from central banks and commercial banks.\nAt its core is "blockchain," a digital technology meant to ensure both security and anonymity for transactions.\nTo skeptics, cryptocurrency is a financial medium for internet criminals, and at worst akin to a Ponzi scheme. Plus, they note the industry consumes enormous amounts of electricity to power its computerized coin-minting.\nOne thing is certain: As a new financial asset, cryptocurrency has spawned a host of questions about how it should be regulated.\nCongress began paying more attention in recent years as cryptocurrency\'s market value rose to $3 trillion and small investors jumped in, getting burned along with hedge funds when crypto prices crashed last year. A host of crypto companies began filing for bankruptcy last summer, culminating in November with FTX.\nFTX lacked even rudimentary internal corporate controls and accounting; its customers lost billions of dollars, while Bankman-Fried faces federal fraud and money laundering charges.\nCrypto legislation in Congress may be a tough sell after FTX\'s collapse. Last year, bipartisan bills that established a regulatory framework — but ultimately did not pass — were largely supported by the crypto industry.\nHilary Allen, a financial regulation professor at American University\'s law school in Washington, D.C., and a crypto skeptic, said she thinks that this year, it is "much less likely that Democrats will go along with crypto-friendly legislation."\nMore likely than legislation, she said, "is a showdown in the [House] Financial Services Committee over the SEC being more aggressive."\nLast month, Emmer tweeted that Gensler "must testify before Congress and answer questions about the costs of his regulatory failures."\nDebate over regulation grows\nEmmer has long been a critic of the SEC\'s regulation of the crypto industry. FTX\'s failure gave him more ammunition.\n"We\'ve got Gary Gensler running the SEC that has the tools to protect investors in cases like this [FTX] and they are choosing not to exercise them," Emmer told the Star Tribune. "Gary Gensler\'s regulatory strategy has been entirely ineffective."\nThe SEC, which declined to comment, has been castigated on many fronts since FTX\'s collapse.\nStill, while Allen said the SEC could have been more aggressive, it has been "one of the toughest crypto regulators."\n"A lot of regulators and lawmakers have uncritically accepted the crypto industry\'s claims of innovation, efficiency and financial inclusion," she said. "The SEC under Gensler has not just accepted these claims at face value — it has prioritized investor protection."\nMuch to the crypto industry\'s disapproval, Gensler has made it clear that he sees cryptocurrencies as securities, with the exception of Bitcoin. An arm of the SEC dedicated to crypto has lodged more than 90 enforcement actions against crypto companies for alleged infractions, according to the agency\'s website.\nIn March 2022, a bipartisan group of eight House members — including Emmer —wrote a letterto Gensler questioning an SEC inquiry into cryptocurrency and blockchain companies, specifically about information that the agency requested.\nThe House members said the SEC\'s solicitations may violate the Paperwork Reduction Act, which regulates how federal agencies collect information from the public.\nEmmer, asked whether the letter is at odds with his criticism of the SEC as weak, said his position "is entirely consistent."\nGensler has chosen an "opaque" method of regulation, Emmer said. That includes "having certain industry participants come into his office and negotiate for regulatory advantages rather than rely on the open rulemaking process," he said, referring to Gensler\'s meetings with Bankman-Fried and other FTX executives in October 2021 and March 2022.\nGensler, asked about the March meeting with Bankman-Fried in an interview with Yahoo Finance, said the SEC generally meets with "market participants," and the "basic message" is to "come into compliance."\nGensler isn\'t alone among regulators who met with Bankman-Fried and FTX leaders.\nRostin Behnam, head of the U.S. Commodity Futures Trading Commission, told a Senate committee in December that he and other CFTC representatives met with Bankman-Fried 10 times over 14 months about LedgerX, a still solvent crypto derivatives subsidiary of FTX.\nThe CFTC has some regulatory authority over crypto. Emmer hasn\'t criticized Behnam\'s meetings with Bankman-Fried, saying "the head of the CFTC was not negotiating regulatory advantages for FTX."\nA complicated Congress\nEmmer\'s stance on crypto has put him at odds with some Democrats.\n"Republicans in the House appear poised to try to blame Biden administration departments for lax oversight. But that\'s funny to me when they have also, on the other hand, been arguing for a very, very light touch on regulation before the FTX decline," Sen. Tina Smith, D-Minn., said.\nBefore FTX\'s collapse, some of Smith\'s Democratic colleagues joined Republicans in supporting legislation that critics described as a soft approach to regulation.\nThe crypto industry has given campaign money to both parties. While Bankman-Fried was a prolific Democratic donor, he also donated to the GOP, including the National Republican Congressional Committee (NRCC) chaired by Emmer.\nMinnesota Democratic Rep. Angie Craig\'s campaign received money from Bankman-Fried and FTX Director of Engineering Nishad Singh, which a spokeswoman confirmed will be given to a bankruptcy fund.\nSmith\'s spokesman said donations the Democrat received from Bankman-Fried and Singh have been donated, while a separate contribution from another prominent FTX figure has been set aside in case it\'s clawed back.\nEmmer did not receive a donation from Bankman-Fried, but his campaign got money from two others involved in the FTX empire, including Ryan Salame, co-CEO of FTX Digital Markets. Salame was a significant Republican donor who alsogave moneyto the NRCC.\nEmmer\'s campaign did not comment on the FTX donations. Republican Rep. Brad Finstad also received campaign money from Salame, buta filingshows his campaign returned the donation in late November after the FTX collapse.\nEmmer\'s campaign and another arm of his political operation also received thousands of dollars from a leader of the crypto lobbying group Blockchain Association, according tofederal records. His campaign also got donations from prominent people at companies with significant crypto investments: Digital Currency Group, Andreessen Horowitz and Blockchain Capital.\n"I\'ve been a strong believer in crypto\'s technology long before it was mainstream," Emmer said in a statement to the Star Tribune. "This issue is far too important to me to let any perception of self-interest get in the way, which is why I decided years ago to not buy crypto."\nFor Emmer, crypto is a cause. In a recenttweet, he said that "crypto is more than a financial investment: it\'s about restoring liberty and choice to individuals."']...
**Last 60 Days of Bitcoin's Closing Prices:**
[16444.98, 17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-28
**Financial & Commodity Data:**
- Gold Closing Price: $1928.60
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $442,474,891,350
- Hash Rate: 313930106.5680952
- Transaction Count: 268849.0
- Unique Addresses: 637939.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Even as crypto markets remain down and many video game enthusiasts vocally oppose the potential for NFTs in gaming , one major game publisher remains focused on Web3 gaming: Square Enix, the creator of major franchises like Final Fantasy and Dragon Quest. The Japanese firm has gradually increased its investment and presence in the Web3 space over the last few years, and in President Yosuke Matsuda’s annual new year’s letter for 2023 , he explained that Square Enix is “most focused” on blockchain-powered gaming amid its new business development efforts. Square Enix is developing “multiple blockchain games” based on original IP, rather than its existing franchises, Matsuda wrote, and the firm plans to announce further games this year. The firm is also still considering investment opportunities around blockchain. “[We] will continue to take stakes in promising businesses whether we find them in Japan or abroad,” he wrote. Final Fantasy Maker Square Enix Reveals Its First Ethereum NFT Game Matsuda’s letter highlights the growing use of the term Web3, which he writes has become “a firmly established buzzword among businesspeople.” However, he also notes the market challenges that emerged in 2022, including the collapse of cryptocurrency exchange FTX in November and the subsequent industry contagion . “Blockchain has been an object of exhilaration and a source of turmoil,” Matsuda explained, “but with that in the rearview mirror, we hope that blockchain games will transition to a new stage of growth in 2023.” Rising interest in blockchain technology has been a mainstay of Matsuda’s annual letter in recent years, and Square Enix has ramped up its moves in the space along the way. In November, Square Enix announced its first original game built around Ethereum NFTs, called Symbiogenesis . Set to launch this spring, it’s a “digital collectible art experience” with storytelling elements. The firm recently tweeted that the “gameplay revolves around choosing whether to monopolize or [share]” information with other players. Story continues Square Enix also recently announced that it will be a strategic advisor to Cross the Ages , a digital trading card game built on Polygon , and invested in Bitcoin gaming startup ZEBEDEE. It also invested in metaverse game The Sandbox in 2020 , and last year revealed plans to revive its dormant Dungeon Siege property as an in-game experience in The Sandbox. Also last year, Square Enix announced plans to release Final Fantasy NFTs via Enjin’s Polkadot -based Efinity platform. The NFTs are based on the popular game Final Fantasy VII, and are tied to physical trading cards and toys that will be released this year. Last May, Square Enix sold off three of its internal studios along with major franchises—including Tomb Raider and Deus Ex—to Embracer Group for $300 million. The publisher said that the sale would benefit its growing push into blockchain games. Square Enix is one of a handful of major traditional game publishers that have committed to growing the blockchain space. Ubisoft, the maker of Assassin’s Creed and Just Dance, has invested in and partnered with a number of crypto game studios, and released the first in-game NFT items for a major franchise game in late 2021 with Ghost Recon: Breakpoint. Meanwhile, Take-Two Interactive—the publisher behind Rockstar Games and 2K Games, makers of Grand Theft Auto and NBA 2K respectively—has pushed into the NFT space through its casual games studio, Zynga . Take-Two also invested in Horizon Game Studios alongside Ubisoft, but Rockstar Games has since banned the use of NFTs on Grand Theft Auto V servers. Rockstar Games Bans NFTs, Crypto From Grand Theft Auto Fan Servers Web3 advocates believe that NFTs—or tokens that represent ownership of unique items—can fuel decentralized, player-owned game economies, and benefit players via the ability to resell items and potentially use them across multiple games. However, many gamers have pushed back against the rise of Web3 gaming and NFT collectibles, pointing to scams in the crypto industry, simplistic gameplay for many early Web3 gaming examples, and speculative demand that has driven up the prices of some assets. In his letter, Matsuda highlighted the past speculative frenzy around NFTs but wrote that he believes that the focus on monetization will give way to a growing view of the prospective functional benefits of NFTs for gamers. “In the wake of the aforementioned turbulence in the cryptocurrency industry, there is now a trend to view blockchain technology as a mere means to an end, and to discuss what needs to happen to achieve the end of delivering new experiences and excitement to customers,” he wrote. “I see this as a very beneficial development for the future growth of the industry.”...
- Reddit Posts (Sample): [['u/ouuujumbleliahhhh', 'My dad (70) thought he called Norton but I’m positive it was a scam number from a google search he called.', 366, '2023-01-28 02:04', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/', 'I wiped his computer at Christmas for him so it would run better. I left the 30 day Norton antivirus that comes pre installed on and told him to pay for the subscription when it asked to renew. He tried to after the 30 day trial period but there was a problem processing payment, so he googled their number and I’m confident he called a scam number. They downloaded screen sharing apps on both his computer and his phone. He was on the call with them for an hour and a half. He probably tried various credit cards while screen sharing with them, and then his debit card. (His debit required two factor verification and he didn’t have his old phone number so he wasn’t able to get through with his debit.) The “agent” then started asking him about Bitcoin, this is when he ended the phone call. \nMy question is, aside from calling his banks, and changing some passwords, is there anything else he should do, or anything else we should be worried about? Any help would be greatly appreciated, I feel awful for him.', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/', '10n1u4u', [['u/DPMx9', 82, '2023-01-28 02:10', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66f9nk/', 'As you already know, searching for phone numbers through search engines often return scam phone numbers - the only safe way to get those if from the actual website. Please make sure your father learns that.\n\nGenerally, the scam tech support scammers are just saying mumbo jumbo to scare victims into paying - if you run a malware/antivirus scan and the PC comes clean, it should be safe to use it.\n\nOf course, any passwords that may have been shared with the scammers need to be changes, and tightening security overall may help with future scam attempts.\n\nIt is hard to help older relatives stay safe if they are afraid of asking for help though, so please be extra nice and understanding with your father or others in a similar situation. The last thing you want is to make them less likely to ask for help next time.', '10n1u4u'], ['u/ouuujumbleliahhhh', 37, '2023-01-28 02:20', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66gjc9/', 'Thank you, I will definitely do that. This is their (my mom and dad) first winter retired together and they just went away and I won’t be able to see them for another two months or so. I usually just drive out to their place to help with any tech stuff and evidently my father didn’t want to “bother” me with it this time. Anyway, I’ll try to do whatever I can over FaceTime. \nAs for the phone, without an antivirus software, is there anything I should do?\nThanks again', '10n1u4u'], ['u/cyberiangringo', 216, '2023-01-28 02:25', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66h95a/', 'You already know the answer. The only way to be 100% sure is to wipe it and start all over. Indian call center scammers have been known to drop malware and establish persistence. 1 1/2 hours is a long time for them to have had remote access. The odds are good that a robust anti-virus scan would do the job, but they are just not 100%.', '10n1u4u'], ['u/ChiMello', 25, '2023-01-28 02:26', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66hc1y/', 'You should probably wipe his computer again.', '10n1u4u'], ['u/DPMx9', 21, '2023-01-28 02:27', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66hiuo/', 'I would ask a tech support forum for details on the best way to do the scanning - not our core expertise.', '10n1u4u'], ['u/Lykan_', 322, '2023-01-28 05:44', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j6755ot/', 'Remove Norton and leave windows defender to do its job.', '10n1u4u'], ['u/coffeeisnotlatte', 27, '2023-01-28 05:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j676ilu/', "OP, why didn't you install an adblocker in their browser? This would have prevented him even finding these scammers\n\nAlso remove Norton, it's pointless. If he downloads anything dodgy Windows Defender should catch it", '10n1u4u'], ['u/CarbonPhoenix96', 90, '2023-01-28 06:11', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j677w8a/', 'First mistake was not removing Norton. Might as well be a virus in and of itself', '10n1u4u'], ['u/Imanyce12', 16, '2023-01-28 06:17', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j678eib/', 'Sadly definetly a scammer. It is so upsetting that Google as well as various other companies have such loose morals when it comes to advertising on their platforms. Why is there no regulations to make sure all advertisers are legit to do business with. It is pure greed and laziness on all companies parts. We deserve better!!!', '10n1u4u'], ['u/gunnlaugr', 10, '2023-01-28 06:46', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67b7xi/', 'Just reimage the pc. Tell him to freeze his credit and replace all the cards he tried. Probably need him to get a new account at the bank to make sure they can’t use that info too.', '10n1u4u'], ['u/Accomplished_Tear963', 15, '2023-01-28 08:14', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67ije8/', '...and his phone. reset it back to the factory image', '10n1u4u'], ['u/coffeeisnotlatte', 11, '2023-01-28 08:24', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67j9z8/', 'I’ve not had an adblocker break a real website in about a decade, there’s far more upsides to blocking all ads and scams than downsides', '10n1u4u'], ['u/AppleSpicer', 12, '2023-01-28 08:24', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67ja3j/', 'I hate them. My mom called “Amazon” from one of the first results (an ad) and got fleeced 2500$ she doesn’t have', '10n1u4u'], ['u/Alert-Fly9952', 36, '2023-01-28 08:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67lucz/', "I bought Norton back in the day, the day being the early 90s. It was a legit company that argubly, made great utilties that Mircosoft ~~stole,~~ ~~borrowed,~~ was inspired to ~~copy~~ innovate from.\n\n&#x200B;\n\nBut these days it's really not needed.", '10n1u4u'], ['u/Space-Dribbler', 29, '2023-01-28 10:21', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67rslr/', '100% this', '10n1u4u'], ['u/EstoyMejor', 56, '2023-01-28 13:19', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j684q3y/', 'The only person that scammed his dad was he who recommended Norton.', '10n1u4u'], ['u/ings0c', 46, '2023-01-28 14:00', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j688d9g/', 'Never, ever hand that awful company money.\n\nTheir product is useless and their business practices and sales tactics are abhorrent.\n\nThere is no need to pay for an AV in 2023', '10n1u4u'], ['u/No-Salt4637', 15, '2023-01-28 14:54', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68dx2v/', 'It’s basically adware at this point', '10n1u4u'], ['u/LordChappers', 14, '2023-01-28 15:02', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68eslj/', 'Also disable notifications in Chrome (if used) and Edge - prople often allow notifications for sites that send scam messages pretending to be antiviruses.', '10n1u4u'], ['u/ouuujumbleliahhhh', 48, '2023-01-28 15:13', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68g2fm/', 'Learned from my mistake thank you.', '10n1u4u'], ['u/ouuujumbleliahhhh', 28, '2023-01-28 15:14', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68g8ry/', 'Thank you, we wiped his computer and his phone. Called his banks and reset passwords.', '10n1u4u'], ['u/synthesthesio', 19, '2023-01-28 16:56', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68tkec/', 'It sounds like you need to get him new bank cards too, no? He kept trying to pay with all the cards implies that he gave out the numbers to the scammer.', '10n1u4u'], ['u/ouuujumbleliahhhh', 20, '2023-01-28 16:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68tsjw/', 'He cancelled all his cards and has new ones being sent yes.', '10n1u4u'], ['u/mnorkk', 11, '2023-01-28 19:26', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j69fhj8/', 'Just to be clear, "no need to pay" should not be confused with "no need to use". Viruses certainly do exist and AV software on the endpoint is the best way to protect a device at home but there are plenty of free options that detect the same viruses as the paid ones.', '10n1u4u']]], ['u/tenthousandbottles', 'The Bitcoin Reddit sub is hiding a ton of stuff, does this mean Bitcoin actually IS a scam?', 35, '2023-01-28 02:20', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/', 'I have been reading this sub nonstop for about a week. Thank you for the people here who gave me the resources to understand Bitcoin. And I finally understand what happened with Blockstream. They completely fucked Bitcoin! Therefore Bitcoin doesn\'t work very well for making payments. But the mods on their Reddit just cover it up by bullying and banning people. Their Lightening Network they recommend really sucks. I tried it and couldn\'t do anything with it. I asked about their illogical recommended DCA investment strat and just got downvoted and insulted. I suspect they\'re just feeding noobs into their "whale" schemes. None of what they say makes sense. I don\'t think they\'re stupid people so I suspect they are keeping their story going so they can make money off peoples\' backs.\n\nWhich brings me to my point. If everything Bitcoin Reddit is saying is a lie, doesn\'t that mean Bitcoin is actually a scam? I understand that the underlying technology might be sound. But everything on top of it looks like lies. Or are there Bitcoin people who are honest and just make money spreading this technology? I can\'t seem to find them.\n\nWOW this thread was crazy thanks everybody for the information! What I\'ve learned is:\n\n* BTC people are elitists who are non-technical, their claims don\'t hold up to scrutiny\n* BTC really does have tragic flaws that were likely intentionally inserted to sabotage it\n* Lightning ain\'t it\n* BCH is a big thorn in the side of BTC bullies\n* Most people talking about "Bitcoin" are full of shit\n* The mainstream has NO IDEA ABOUT ANY OF THIS', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/', '10n27mi', [['u/majamalu', 13, '2023-01-28 02:30', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j66hvzn/', 'BTC is a scam. BCH is Bitcoin.', '10n27mi'], ['u/LightningNotwork', 19, '2023-01-28 03:00', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j66lqmb/', "People are usually tribal, just look at sports fans and religions. Add a financial success/failure component into it and it turns them into fanatics, so yes there is a lot of disinformation, intentional or not, spread to reinforce a persons 'team'.\n\nThat said, there are still legit people and projects out there. The signal-to-noise ratio can just be higher to sort through.\n\nFor BCH the telegram channels seem to the go-to for ongoing chatter. [BCHPodcast](https://bitcoincashpodcast.com/) is regular and really good. [helpme.cash](https://helpme.cash/) has some links to communities/people as well.", '10n27mi'], ['u/psiconautasmart', 22, '2023-01-28 03:25', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j66oxtl/', "In a big and important sense yes, it is a scam, because it can't scale, but they say that it can with the LN, which we know is false. It can't scale without custodians and intermediaries. So they are just speculating and lying, saying that it will work as money for regular txs for the world.", '10n27mi'], ['u/doramas89', 13, '2023-01-28 03:56', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j66susu/', 'Yea, pretty much the same. Anyway most of the companies and firms investing in BTC are investing in "digital gold", a scarce asset. Not in Bitcoin as per the whitepaper, as a currency to replace fiat. They are just speculators, not caring about its utility, only in multiplying their fiat.', '10n27mi'], ['u/hero462', 14, '2023-01-28 04:12', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j66uoex/', "Bitcoin isn't a scam at all. But the BTC version of it certainly has become one.", '10n27mi'], ['u/DaSpawn', 10, '2023-01-28 07:09', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j67d9x4/', 'Bitcoin: A Peer to peer cash is not a scam\n\nBitcoin is dependent on 2 things, being both a medium of exchange **and** a store of value\n\nunfortunately the one critical component was intentionally broken, the peer-to-peer medium of exchange by artificially constraining the network resulting in completely unpredictable and outrageous fees, all which discourages/prevents it\'s usage, but through extensive propaganda (that you have now seen) "people" were convinced Bitcoin "can not scale" and must have a "fee market", both of which are completely bullshit, but the reality/truth can not be discussed in the primary/compromised forums\n\nthe original core code repo was compromised when the person Satoshi handed the keys to the code repo was kicked out with bullshit. From that point forward every change to Bitcoin was to break current and/or future usage as anything but "hold and never use" and then just use the "nice and easy traditional networks" when the LN inevitability fails as designed (which you will also see as "solutions" in the manipulated forums)\n\nBitcoin works, and it does not need the traditional financial system to operate, but that traditional system can be used to give people traditional endlessly inflated fiat in exchange for their Bitcoins. By selling the reality that Bitcoin works continues investment in the deception and completely manipulated crypto market that does not reflect value/reality\n\nWhat people are investing in now is a stolen ticker being sold as Bitcoin while Bitcoin itself continues to be endlessly and relentlessly attacked every day, aka Bitcoin Cash', '10n27mi'], ['u/jessquit', 21, '2023-01-28 09:07', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j67mjjr/', 'They\'re literally repeating the origin of banking.\n\n"Hey, I have all this gold, but it\'s so hard to transact in directly with other people"\n\nBank: "here give me your gold, I\'ll lock it in my vault, and when you want to pay someone, I\'ll issue a credit on your behalf, and route the credit to your recipient"\n\nBitcoin-as-cash solved the ages old problem with using gold as cash. **Bitcoin was supposed to be gold you could teleport to almost anyone almost instantly and almost for free** so you could use "gold" directly as cash with no middlemen. That was the original (and still best) value proposition.\n\nIn doing so it presented an existential threat to... the entire global financial system. These guys weren\'t just going to roll over and watch P2P digital gold do to them what P2P digital music did to the music business.\n\nLucky for them Bitcoin\'s creator left a poorly thought out anti-DoS limiter in place: the block size limit. Satoshi said he\'d change it (via hard fork) long before it was needed, but then left the project before changing it.\n\nWith the limit in place, Bitcoin\'s "digital gold" starts working more like physical gold -- moving it becomes expensive and slow. *Creating the need for Bitcoin banks.*\n\n**Bitcoin was designed to disintermediate banks. Bitcoin Core re-intermediated Bitcoin.**\n\nI think at the heart, it\'s a scam. The guys in control knew what they were doing when they froze the block size limit at 1MB. \n\nThe vast majority of Bitcoin Lightning nerds just think Lightning is neat because they\'re nerds and it\'s cool to build things, especially really complex systems like Lightning. They\'re compsci kids, they didn\'t study finance, or economics, or the history of banking. They don\'t realize what they\'re doing and/or they enjoy it because hey, software shops funded by big-finance companies pay really well. It\'s impossible to get a person to understand something when their salary depends on them not understanding it.\n\nWith the price so heavily manipulated it\'s easy for them to fall into the trap of thinking they\'re winning the game because their coin is still #1. As long as BTC stays #1 then *obviously the market has chosen BTC and Lightning* so that means they\'re the best. It never occurs to them that the guys who can print money at will (remember, the guys we were supposed to be disintermediating) can make BTC (and BCH) whatever price they want.\n\nOnce speculators showed up and coin price became the most interesting metric everything was fucked. Someone figured out how to make a "stablecoin backed by Bitcoin" and simply money-printed their way to the top (and their chief competition to the bottom). \n\nTLDR Bitcoin BTC was emasculated and turned into something harmless. The most harmless crypto will always be the best investment, at least until legacy finance finally crumbles, if ever.', '10n27mi'], ['u/ShadowOfHarbringer', 12, '2023-01-28 09:21', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j67nj7u/', 'Heads up, above we have an r\\Bitcoin mod - [former] owner and puppeteer of one of the most censored and manipulated subreddits in existence.\n\nFor more information on how he \\(and others\\) destroyed free speech on r\\Bitcoin which caused BTC to become a scam, see our [FAQ](https://old.reddit.com/r/btc/comments/js6jft/frequently_asked_questions_and_information_thread/).', '10n27mi'], ['u/jessquit', 12, '2023-01-28 09:45', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/j67p85y/', 'You used a lot of words to say very little.\n\n> You can prove yourself that blockstream doesn\'t control the repo\n\nhttps://www.reddit.com/r/btc/comments/7lio87/debunking_blockstream_is_3_or_4_developers_out_of/\n\nAlso don\'t miss this!\n\nhttps://www.reddit.com/r/btc/comments/7lio87/debunking_blockstream_is_3_or_4_developers_out_of/drmqa4y/\n\nNot just the repo. Social channels too:\n\nhttps://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43\n\n"Blockchains can\'t scale" said as though it is fact. No evidence, no link to any studies, nothing. Sheesh. Classic.\n\nWell. Too bad for you that we have a blockchain that [provably scales on cheap consumer hardware](https://www.reddit.com/r/raspberry_pi/comments/l9c4v1/a_writeup_of_how_my_rpi4_handles_bitcoin_with/). It\'s sitting right in front of you: BCH, Bitcoin upgraded via [hard fork block size increase just as originally planned](https://www.reddit.com/r/btc/comments/75l38i/satoshi_explains_how_to_seamlessly_phase_in_a/). BCH can already comfortably carry the entire onchain volume of every decentralized PoW money (plus the entire volume of LN) with room to spare *and* scale up 10x from there, today, on cheap decentralized consumer hardware.\n\n"Don\'t trust, verify" you say, but you expect us to trust your arguments presented without any proof or evidence whatsoever. Fine! Download a BCH client. Sync the blockchain. Run a load test on mainnet. Break it. Verify for yourself \n\nJust think. If you\'re correct, you\'ll crash Bitcoin Cash and then we\'ll all have to admit you were right all this time. What are you waiting for? Kill us! I beg you! **Fucking do it!**\n\n> Append only\n\nRight. Because pruning hasn\'t existed since 2009. Gaslighter.', '10n27mi']]], ['u/Simke11', 'For those that lived through previous bear markets, how were you rewarded in the bull afterwards?', 83, '2023-01-28 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/', "What sort of % gains did you see? Did you make life changing gains, or at least made your finances a lot more secure? Which coins did you stack during bear, and did all of them give you profit? Were you mostly in BTC? Also feel free to share anything else that you think might be interesting to all of us who are going through first bear.\n\nI know these questions have been asked a lot, but its always good to hear about people that made it. It's been a long winter so far and a little bit of hopium never hurts.", 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/', '10n3apw', [['u/Whole_Visible', 25, '2023-01-28 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66ni5z/', 'I put tens of dollars into Dogecoin in 2014. In 2021 it at least made me stop worrying about losing my job. I have a cushion now to look for work when in between jobs. It relieved a lot of anxiety', '10n3apw'], ['u/Baecchus', 28, '2023-01-28 03:16', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66nr5n/', 'Sir this is r/cc. We panic sell the bottom and buy back at the top.', '10n3apw'], ['u/Baecchus', 10, '2023-01-28 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66nzrg/', '>you just have to remember to actually sell.\n\nHardest part right here. Taking profit can feel terrible when everyone is screaming for much higher prices and the damn charts look like green skyscrapers.', '10n3apw'], ['u/Setyman', 21, '2023-01-28 03:19', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66o520/', "I bought a 2016 Prius after I sold some of my XRP stack during the last bull run. Didn't want to make the same mistake as the 2017 bull and not having anything to show for it.", '10n3apw'], ['u/heplg', 122, '2023-01-28 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66p6f7/', "I DCA'd 100k between 2018 to 2020... 2020 it fell too $4k... \n\n2021 it was $1M ....", '10n3apw'], ['u/Baecchus', 61, '2023-01-28 03:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66pwa0/', "Reading this stuff makes you remember Crypto isn't for the faint of heart, lmao.", '10n3apw'], ['u/Giga79', 19, '2023-01-28 03:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66qpt1/', '>I bought a 2016 Prius\n\nUnfortunate to hear you made the same mistake again ^^^/s', '10n3apw'], ['u/reddito321', 37, '2023-01-28 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66rbts/', 'Last bear-bull cycle I had **1400%**.\n\nLuckily enough, I cashed out a fair amount and sorted some aspects of my life.', '10n3apw'], ['u/y90210', 22, '2023-01-28 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66t705/', "Eth hit $80, I didn't buy because I thought it would hit $50. Ended up buying at $140. Started to sell from $2500 up to $3500.\n\nI traded this way because the cycle before that, I waited too long to exit and managed to exit in profit on the dead cat bounce with 1/5th what I would have made selling earlier. \n\nThis cycle, I averaged in instead of lump summing it. This caused my average purchase cost to be higher but given that I can't tell where the bottom is, I think it worked out ok.", '10n3apw'], ['u/Young_Grif', 22, '2023-01-28 04:02', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66tl27/', 'I bought ADA at $0.02-0.05. I didn’t time the top perfectly but I made a killing.', '10n3apw'], ['u/SmallReflection2552', 141, '2023-01-28 04:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66to6a/', 'My wife left me in previous bear market i was rewarded in the ensuing bull market by her absence.', '10n3apw'], ['u/Legal-Appointment655', 36, '2023-01-28 04:08', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j66u9j3/', "I had about 30k in gains but didn't take profit. Now I need to wait until the next bull", '10n3apw'], ['u/Frogmangy', 11, '2023-01-28 05:19', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j672f93/', "When the ladies see the prius, they just can't resist 😉", '10n3apw'], ['u/Frogmangy', 26, '2023-01-28 05:20', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j672k2k/', 'Hardest thing is to take the chips out of the casino', '10n3apw'], ['u/Frogmangy', 17, '2023-01-28 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j672pnb/', 'Dude doesnt want to post how now its worth 1k 🤣', '10n3apw'], ['u/bombombay123', 63, '2023-01-28 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j6746x9/', 'Wife changing money?', '10n3apw'], ['u/FldLima', 43, '2023-01-28 05:47', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j675gev/', '\n\nI saw the price going up, and up, and up.\n\nI never sold and the bear knocked 🐻 🚪\n\nI was rewarded with a nice lesson.', '10n3apw'], ['u/FldLima', 18, '2023-01-28 05:51', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j675u2t/', 'Holy\n\nF\n\nShit\n\nCrypto is WILD', '10n3apw'], ['u/Simke11', 16, '2023-01-28 06:10', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j677r7x/', 'Sometimes expectations need to be lowered', '10n3apw'], ['u/GSEDAN', 10, '2023-01-28 07:56', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j67h5vk/', '50x from 2018 to 2021', '10n3apw'], ['u/Every_Hunt_160', 15, '2023-01-28 08:54', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j67llib/', 'I’m still yet to hear a story of a man changing his wife by choice because of crypto money\n\nIn all the cases it’s the wife that leaves !', '10n3apw'], ['u/Every_Hunt_160', 24, '2023-01-28 08:57', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j67lsc2/', '*’It was all in LUNA. That $1 million is now worth 1 cent’*', '10n3apw'], ['u/Chaosed', 23, '2023-01-28 09:24', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j67nq38/', 'Bought a house and a car, also paid of student loan and credit cards. Still very comfortably exposed to crypto (for my kids and their grandkinds - hopefully).', '10n3apw'], ['u/Right-Shopping9589', 10, '2023-01-28 12:00', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j67ymyh/', 'That sh*t got me too😰bitcoin to 100k, ethereum to 10k💀', '10n3apw'], ['u/GangsterBig123', 11, '2023-01-28 12:51', 'https://www.reddit.com/r/CryptoCurrency/comments/10n3apw/for_those_that_lived_through_previous_bear/j682goh/', "I turned 75k to 24k last year. Not one of my proudest moments but I'm still holding", '10n3apw']]], ['u/Phil_McCuccie', "Gold and Silver is $0 on US Debt Clock. I've never seen this in my life. Fiat is donezo!!!!!", 87, '2023-01-28 03:22', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/', 'The www.usdebtclock.org has gold and silver at $0 ratio ... wow! Been following it for quite some time and never seen this before. Not financial advice but buy this weekend before its too late!', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/', '10n3kmj', [['u/BoatSurfer600', 20, '2023-01-28 03:23', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j66ondx/', 'Yea everyone has been talking about this ! \n\nCrazy', '10n3kmj'], ['u/1978waylander', 24, '2023-01-28 03:29', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j66pezp/', 'Ummmmm it is just some stupid clock. Probably just a glitch.', '10n3kmj'], ['u/burny65', 15, '2023-01-28 03:37', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j66qgkr/', 'Can someone explain the significance of this, because that number is all over the place.', '10n3kmj'], ['u/Phil_McCuccie', 17, '2023-01-28 03:40', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j66qsaa/', 'It shows the value of Silver to paper, typically in a given day it is 1 oz of silver to give or take $600 in Fiat. It now shows $0 Fiat which IMO Fiat is worthless as we all know.', '10n3kmj'], ['u/Prudent_Media_4067', 18, '2023-01-28 03:41', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j66qzjf/', 'If the US was a stonk, it would be heavily shorted until it went bankrupt. We are on our own folks. Keep stacking.', '10n3kmj'], ['u/Cookedmaggot', 16, '2023-01-28 04:32', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j66x2tr/', 'Oil is also at 0. Must be all the commodities', '10n3kmj'], ['u/hexarfan2019', 11, '2023-01-28 06:13', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j678209/', 'check the definition. It is not what you think.', '10n3kmj'], ['u/theblackpig', 12, '2023-01-28 06:53', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j67bsx4/', "It's just bc M2 is negative YoY -- It's simply looking at the increase in M2 vs. the annual mining supply.", '10n3kmj'], ['u/sublimepact', 15, '2023-01-28 07:11', 'https://www.reddit.com/r/Wallstreetsilver/comments/10n3kmj/gold_and_silver_is_0_on_us_debt_clock_ive_never/j67dfey/', 'This. No idea why people are tripping balls over an algorithm slip.', '10n3kmj']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, January 28, 2023', 27, '2023-01-28 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/', '10n6odk', [['u/GenghisKhanSpermShot', 13, '2023-01-28 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j677rlz/', 'I noticed during the darkest capitulation times post count goes up in the daily threads\n Anyone ever pay attention to bullish extremes? I guess I can go back over old dates just curious if anyone else checked it out.', '10n6odk'], ['u/cousin_brian', 21, '2023-01-28 08:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j67l2k2/', 'I’ll take a weekend crabby patty over a dump anytime', '10n6odk'], ['u/1weenis', 13, '2023-01-28 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j68aczq/', "I'm hoping for a complete retrace to buy more BUT all this sideways action must favor the bulls after that insane pump. It shouldn't take much to get to 25k (wrong?) I don't get why it hasn't happened - you know?", '10n6odk'], ['u/RabbitProofFences', 11, '2023-01-28 14:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j68aftr/', "You're new here arent you. A lot of the banter is sometime old hands just stirring the pot.\n\nMost will have a solid hodl stack. And also letting small degen trades run. \n\nIm here to get educated... but stay for the entertainment!", '10n6odk'], ['u/escendoergoexisto', 10, '2023-01-28 15:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j68g72i/', 'During the parabolic moves of the last two bulls, comments went way up on this sub. So much so that folks started commenting on the high number being a top signal. \n\nIn short, volatility = higher number count on this sub. (e.g. During the high-speed dumps of the last bull, the comment number spiked similarly to the massive pump times.)', '10n6odk'], ['u/xixi2', 21, '2023-01-28 16:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j68phml/', 'You pick one point from nearly 8 years ago and say "chart looks like this uh oh"?', '10n6odk'], ['u/logicalinvestr', 13, '2023-01-28 17:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j68v9hh/', 'Everyone just waiting on the fed meeting next week.', '10n6odk'], ['u/GenghisKhanSpermShot', 14, '2023-01-28 17:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j68wp7c/', "If you look at the total Crypto Market Cap we're in a very heavy supply area. Gotta chew through a lot of sell orders here. I would rather it stay here and build a stronger base as a bull than shoot through too quick.", '10n6odk'], ['u/marsh2907', 16, '2023-01-28 20:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10n6odk/daily_discussion_saturday_january_28_2023/j69r2o8/', "Counter trade the masses? You mean the sheer amount of people who are calling these moves up bear market relief rallies? More people negative/bearish compared to bullish/positive. \n\nA fed pivot happens before a rate cut and rates will only keep higher for longer if inflation keep elevated between now and eoy. Core PCE MoM is now in range of 0.2 - 0.4%. After 12 months in those levels would have YoY inflation sitting at between 2.4 and 4.8%. Now still that's higher than the feds preferred 2% target but what is going to drive inflation higher?\n\nAlso having higher interest rate aren't the end the world. The only issue is we've had 10+ years of cheap interest which too many got used to. Just have to adjust to the potential new normal.", '10n6odk']]], ['u/rBitcoinMod', 'Daily Discussion, January 28, 2023', 50, '2023-01-28 07:07', 'https://www.reddit.com/r/Bitcoin/comments/10n7vjt/daily_discussion_january_28_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10mdr9h/daily_discussion_january_27_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10n7vjt/daily_discussion_january_28_2023/', '10n7vjt', [['u/Donkey_Pillow', 20, '2023-01-28 08:32', 'https://www.reddit.com/r/Bitcoin/comments/10n7vjt/daily_discussion_january_28_2023/j67jw33/', 'Happy weekend! Banks are closed, stock market is closed but Bitcoin never rests...', '10n7vjt'], ['u/Llonga', 14, '2023-01-28 09:29', 'https://www.reddit.com/r/Bitcoin/comments/10n7vjt/daily_discussion_january_28_2023/j67o4t4/', 'Tick tock, next block…', '10n7vjt'], ['u/Rattlesnake_Mullet', 23, '2023-01-28 12:32', 'https://www.reddit.com/r/Bitcoin/comments/10n7vjt/daily_discussion_january_28_2023/j680zox/', 'Historical Bitcoin prices for Jan 28th\n\n2023 - $22998\n\n2022 - $36656\n\n2021 - $31220\n\n2020 - $9082\n\n2019 - $3429\n\n2018 - $11619\n\n2017 - $920\n\n2016 - $382\n\n2015 - $272\n\n2014 - $805\n\n2013 - $18\n\n2012 - $4.91\n\n2011 - $0.43\n\nSource: https://twitter.com/BtcThis/status/1619289191816232961', '10n7vjt'], ['u/Romsel87', 11, '2023-01-28 18:23', 'https://www.reddit.com/r/Bitcoin/comments/10n7vjt/daily_discussion_january_28_2023/j6967qp/', "Im sorry that you can't afford eggs.", '10n7vjt']]], ['u/BackInTheDay23', 'Understanding bitcoin on a technical level', 20, '2023-01-28 07:51', 'https://www.reddit.com/r/Bitcoin/comments/10n8meb/understanding_bitcoin_on_a_technical_level/', "What are some good resources that teach bitcoin technically? I'm looking to make a bitcoin based project and for this I need as much knowledge as possible of what happens under the hood.\n\nThx in advance", 'https://www.reddit.com/r/Bitcoin/comments/10n8meb/understanding_bitcoin_on_a_technical_level/', '10n8meb', [['u/bitrequest', 35, '2023-01-28 08:02', 'https://www.reddit.com/r/Bitcoin/comments/10n8meb/understanding_bitcoin_on_a_technical_level/j67hm22/', 'Mastering bitcoin. By Andreas antanopoulus.', '10n8meb']]], ['u/yesIwearAcape', 'Starting to consider swapping out my cronos...', 15, '2023-01-28 10:41', 'https://www.reddit.com/r/Crypto_com/comments/10nbaff/starting_to_consider_swapping_out_my_cronos/', "I bought into crypto.com's token so long ago it was well under 1 pence per cro. \n\nWatched it reach like 71.8 pence I think and never sold it. Never bought it to truly sell back for profit but since the prepaid debit cards a flop and rewards are harshly cut its shown an obvious fall back when trying to move with btc price margin. Will there be a worthy utility for cronos in the future or should I swap them out? It's been sat in defi for what feels like years.\n\n#jerry's pool ✊️\n\nWhat would you do with your cronos regarding the platforms current performance?", 'https://www.reddit.com/r/Crypto_com/comments/10nbaff/starting_to_consider_swapping_out_my_cronos/', '10nbaff', [['u/FacundoGabrielGuzman', 24, '2023-01-28 11:31', 'https://www.reddit.com/r/Crypto_com/comments/10nbaff/starting_to_consider_swapping_out_my_cronos/j67wn1z/', "I'd keep staking. Once the bull run starts, everyone who is sitting in BTC will be jumping to alts, then if you are not fast enough you will miss the train. If you held the worse, I wouldn't be selling. But that's just my opinion, you do what you feel good about :)", '10nbaff']]], ['u/Zein313', 'To everyone saying firms lost interest in crypto. The big players have already entered years ago.', 95, '2023-01-28 10:54', 'https://www.reddit.com/r/CryptoCurrency/comments/10nbhys/to_everyone_saying_firms_lost_interest_in_crypto/', "\nThis is a list of companies that invested heavily in crypto in only 2021:\n\nIn February 2021, Twitter CEO Jack Dorsey announced that the social media giant would start accepting Bitcoin as a form of payment for its platform's API access.\n\nIn March 2021, Visa announced that it was working on a pilot program to use USDC, a stablecoin pegged to the US dollar, to settle transactions on its network.\n\nIn April 2021, PayPal announced that it was launching a new service allowing customers to buy, hold, and sell various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.\nIn May 2021, \n\nTesla announced that it had invested $1.5 billion in Bitcoin and would soon start accepting it as a form of payment for its electric vehicles.\n\n\nIn June 2021, Binance, one of the largest cryptocurrency exchanges in the world, announced that it was launching Binance Coin (BNB) on the Ethereum blockchain\n\nIn February 2021, MicroStrategy announced that it had invested $1.03 billion in Bitcoin.\n\n\nIn March 2021, Square, a payments company led by Jack Dorsey, announced that it had invested $170 million in Bitcoin.\n\n\nIn April 2021, CoinShares, a digital asset investment company, announced that it had raised $200 million for its Bitcoin exchange-traded product.\n\n\nIn May 2021, Meitu, a Chinese mobile app developer, announced that it had invested $40 million in Ethereum and $10 million in Bitcoin\n\n\nIn June 2021, NYDIG, a digital asset investment firm announced that it had raised $200 million in a funding round led by Morgan Stanley.\n\nIn July 2021, Ruffer Investment Company, an investment management firm, announced that it had invested $735 million in Bitcoin, representing 2.5% of its total assets under management.\n\n\nIn August 2021, Guggenheim Partners, a financial services firm, filed paperwork with the SEC to invest up to 10% of its Macro Opportunities Fund in Bitcoin via the Grayscale Bitcoin Trust.\n\n\nIn September 2021, Square, a payments company, announced that it had invested an additional $50 million in Bitcoin, bringing its total investment to $220 million.\n\n\nIn October 2021, MassMutual, a mutual life insurance company, announced that it had invested $100 million in Bitcoin through the NYDIG Bitcoin Trust.\nIn November 2021, Square, a payments company, announced that it has invested an additional $170 million in Bitcoin, bringing its total investment to $390 million.\n\n\nIn December 2021, Fidelity, an investment management firm, announced that it had launched a new Bitcoin fund for institutional investors, which would allow them to gain exposure to the cryptocurrency without having to hold it directly.", 'https://www.reddit.com/r/CryptoCurrency/comments/10nbhys/to_everyone_saying_firms_lost_interest_in_crypto/', '10nbhys', [['u/jettyGTA', 48, '2023-01-28 10:57', 'https://www.reddit.com/r/CryptoCurrency/comments/10nbhys/to_everyone_saying_firms_lost_interest_in_crypto/j67uasi/', 'It is impressive how many of these big players bought the top.', '10nbhys'], ['u/SwurveMan', 15, '2023-01-28 11:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10nbhys/to_everyone_saying_firms_lost_interest_in_crypto/j67uo91/', 'even the giants buy high and sell low', '10nbhys']]], ['u/AmIBoringAsHeck', 'Which one of the big coins you think will rise the most?', 59, '2023-01-28 13:15', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/', "I got a list below with the coins with the biggest market cap. I'd like to know what your opinion is on which one of them are going to rise the most (or shrink the least). I did not include stable coins (Theter, USD Coin and Binance USD), because as they are stable, they're not really the same kind of crypto as BTC for example.\n\nAnyways I'd love a discussion about this over here, and with stats to back up what people think.\n\nI think I can predict which one will the be the last at least.\n\nThanks for participating in this poll.\n\n[View Poll](https://www.reddit.com/poll/10ndqis)", 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/', '10ndqis', [['u/surrender_the_juice', 31, '2023-01-28 13:18', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j684mw5/', 'Of those coins, I think ETH with rise the most.', '10ndqis'], ['u/grchina', 26, '2023-01-28 13:19', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j684p8c/', 'I mean eth is easy answer,no inflation+amount locked in staking.Personally my favorite for next bull run and my main investment', '10ndqis'], ['u/Charon751', 30, '2023-01-28 13:20', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j684rnu/', 'ETH maxis took over the sub..\n\nAnd i love it!', '10ndqis'], ['u/Primary_Technical', 10, '2023-01-28 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j684z0g/', 'Who said TETHER is stable ?', '10ndqis'], ['u/Scary_Guarantee2510', 19, '2023-01-28 13:24', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j6854ib/', 'ETH to ATH! Still can’t believe DOGE has held up so much', '10ndqis'], ['u/Titozar13', 21, '2023-01-28 13:28', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j685fyj/', "ETH and MATIC (but it's not in the list)", '10ndqis'], ['u/RiceRare', 128, '2023-01-28 13:29', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j685kpu/', "Some shitcoin with < 100k marketcap that's not on the list.", '10ndqis'], ['u/graytleapforward', 10, '2023-01-28 13:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j685mgl/', 'DOGE will be number 3 in market cap when regulation comes down on POS/ICO coins in my opinion. Biggest gainer by far in percentage terms, followed by BTC', '10ndqis'], ['u/meeleen223', 10, '2023-01-28 13:36', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j68658x/', 'Me too, tough I think CZ will pump BNB again', '10ndqis'], ['u/forrestugly', 13, '2023-01-28 14:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j6897k3/', 'ETH seems to be the most likely', '10ndqis'], ['u/BoostedWRBwrx', 14, '2023-01-28 14:10', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j689c9l/', 'ADA and MATIC will be the big winners from the top 10 by percentages. I know people like to hate on Solana around here but I would not sleep on that one either.', '10ndqis'], ['u/Nautixx_GER', 13, '2023-01-28 14:21', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j68affy/', 'By percent: ADA', '10ndqis'], ['u/forceworks', 17, '2023-01-28 14:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j68d9gt/', 'Please tell me the name of this coin', '10ndqis'], ['u/Onelinersandblues', 15, '2023-01-28 15:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j68ktz1/', '$DICK', '10ndqis'], ['u/sootybearz', 23, '2023-01-28 20:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10ndqis/which_one_of_the_big_coins_you_think_will_rise/j69qadi/', 'Can’t wait for my $DICK to go up massively', '10ndqis']]], ['u/Missmilster', 'It’s 2025 and we’re at new ATHs', 23, '2023-01-28 14:22', 'https://www.reddit.com/r/CryptoCurrency/comments/10neysb/its_2025_and_were_at_new_aths/', 'I’m laying in bed feeling positive about the beginning of 2023. I’ve got some green back in my life. I’ve got a stable job again, after freelancing for the last 5 months. BTC is holding above 20k. Things are looking up for the year. \n\n\nNow I’m planning ahead:\n\n\nIt’s 2025 and I’m finally ready to take decent profits and make some bigger life moves. \n\n\nMy goals for 2025 are:\n\n\nSell 80% of my ETH and use this money to help pay off a mortgage, or maybe buy an investment property, or perhaps just invest into ETFs. \n\n\nSell my shitcoins once they pump. Pocket the gains and sit on the cash for a while. Maybe a holiday? Or savings for the next bear in 2027?\n\nDO NOT REBUY SHITCOINS!\n\n\nKeep stacking BTC and don’t consider selling until at least 2030. I want generational wealth for my kids (if I have any). I don’t want them to grow up poor like I did. \n\n\nMy 2023-2025 goal is to keep DCA. I’m determined to not FOMO into the next bull run. I will be calm and calculated and not place large sums of money into high interest paying coins (I’m looking at you CAKE, you asshole)\n\n\nWhat’s everyone’s 2025 profit plans? Assuming we are in profit and the world hasn’t shat itself…', 'https://www.reddit.com/r/CryptoCurrency/comments/10neysb/its_2025_and_were_at_new_aths/', '10neysb', [['u/ChemicalGreek', 10, '2023-01-28 14:37', 'https://www.reddit.com/r/CryptoCurrency/comments/10neysb/its_2025_and_were_at_new_aths/j68c10o/', 'I have a majority of my investments in crypto, so I took some more risk. My goal is to be fi...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair.\nMore than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4.\nMy first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot.\nNo. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him.\nAbout five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career.\nReluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on.\nWhen I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property.\nI broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back.\nAt that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially.\nAs it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around.\nI was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try.\nWithin days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk.\nAbout a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet.\nI guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in.\nI thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all started from there.\nMillimetres2Mountains started out fundraising for a spinal unit in Nepal, which we still support. The main aim now is to help other people who have been through trauma. We run a beneficiary programme, whereby we take people who have been through physical or psychological trauma on an adventure, so they meet others who have been through a tough time, and talk.\nWe realised that this was beneficial while it lasted, but many were just slipping back into old patterns when they got home. So, we starting to fund ongoing life coaching, training, therapy, whatever’s needed.\nWe also have smaller community projects designed to get people out and about, on community walks for example.\nMillimetres2Mountains has raised about £300,000 and I’ve probably raised a similar amount myself by \xadtaking on challenges for other charities such as Restart, the rugby charity.\nWe were climbing Himlung Himal on the Tibet-Nepal border in March, \xadaiming for the height record for someone with a spinal injury, which we achieved. Anyway, there was an accident on the descent where our guide fell down a crevasse. We were stuck overnight on the mountain at minus 30C (minus 22F) and all ended up being \xadrescued by helicopter. That was a close call.\nPutting my feet up with a few beers. After a challenge, I feel I’ve earned it.\nSpender. Not on material things, though. I love to travel, so a lot goes on flights.\nI do, but I’m not very good with money in that respect. I have people I completely trust who take care of that for me.\nMy friend from university owns a wine investment company called Cult Wines, and I invested some money in their wine about six years ago and it has \xadoutperformed any other investment I’ve ever made. I could take a bottle out and drink it, but\nBitcoin. But luckily, I didn’t put much money in. Hopefully it will turn back around.\nBefore, I directly associated my self-worth with the number on my contract. Now I want and just need enough money to have a roof over my head, be happy and be able to do the things I love.\nThe charity, for example, isn’t my job. I don’t make any money from it. I went into public speaking and television work, things that aren’t time restrictive but pay reasonably well, so I can pursue my interests. This mindset shift, from associating money with self-worth to viewing it as a means to an end, is probably my best money lesson.\nFor more information about Ed Jackson’s charity, including on forthcoming trips to Petra, Nepal and Norway, see millimetres2mountains.org', "Ed Jackson - Tony Marshall/Getty Images Europe Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair. More than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4. What was your first job? My first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot. Were you still living at home? No. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him. Did you have a ‘Plan B’ if rugby didn't work out? About five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career. Reluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on. When I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property. Story continues Ed Jackso - Tom Jenkins/Getty Images Europe What were your expectations after the accident? I broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back. At that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially. As it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around. How did you respond to the prognosis? I was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try. Within days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk. Ed Jackson - Instagram How did you get into fundraising? About a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet. I guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in. I thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all started from there. What causes did you raise funds for? Millimetres2Mountains started out fundraising for a spinal unit in Nepal, which we still support. The main aim now is to help other people who have been through trauma. We run a beneficiary programme, whereby we take people who have been through physical or psychological trauma on an adventure, so they meet others who have been through a tough time, and talk. We realised that this was beneficial while it lasted, but many were just slipping back into old patterns when they got home. So, we starting to fund ongoing life coaching, training, therapy, whatever’s needed. We also have smaller community projects designed to get people out and about, on community walks for example. How much have you raised? Millimetres2Mountains has raised about £300,000 and I’ve probably raised a similar amount myself by \xadtaking on challenges for other charities such as Restart, the rugby charity. What's the toughest challenge you’ve ever faced? We were climbing Himlung Himal on the Tibet-Nepal border in March, \xadaiming for the height record for someone with a spinal injury, which we achieved. Anyway, there was an accident on the descent where our guide fell down a crevasse. We were stuck overnight on the mountain at minus 30C (minus 22F) and all ended up being \xadrescued by helicopter. That was a close call. Ed Jackson - John Lawrence/The Telegraph What is your biggest indulgence? Putting my feet up with a few beers. After a challenge, I feel I’ve earned it. Are you a spender or a saver? Spender. Not on material things, though. I love to travel, so a lot goes on flights. Do you have any pensions and investments? I do, but I’m not very good with money in that respect. I have people I completely trust who take care of that for me. What has been your best money decision? My friend from university owns a wine investment company called Cult Wines, and I invested some money in their wine about six years ago and it has \xadoutperformed any other investment I’ve ever made. I could take a bottle out and drink it, but What has been your worst money decision? Bitcoin. But luckily, I didn’t put much money in. Hopefully it will turn back around. What’s the best money lesson that you’ve learnt? Before, I directly associated my self-worth with the number on my contract. Now I want and just need enough money to have a roof over my head, be happy and be able to do the things I love. The charity, for example, isn’t my job. I don’t make any money from it. I went into public speaking and television work, things that aren’t time restrictive but pay reasonably well, so I can pursue my interests. This mindset shift, from associating money with self-worth to viewing it as a means to an end, is probably my best money lesson. For more information about Ed Jackson’s charity, including on forthcoming trips to Petra, Nepal and Norway, see millimetres2mountains.org", 'Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair.\nMore than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4.\nMy first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot.\nNo. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him.\nAbout five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career.\nReluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on.\nWhen I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property.\nI broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back.\nAt that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially.\nAs it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around.\nI was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try.\nWithin days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk.\nAbout a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet.\nI guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in.\nI thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all started from there.\nMillimetres2Mountains started out fundraising for a spinal unit in Nepal, which we still support. The main aim now is to help other people who have been through trauma. We run a beneficiary programme, whereby we take people who have been through physical or psychological trauma on an adventure, so they meet others who have been through a tough time, and talk.\nWe realised that this was beneficial while it lasted, but many were just slipping back into old patterns when they got home. So, we starting to fund ongoing life coaching, training, therapy, whatever’s needed.\nWe also have smaller community projects designed to get people out and about, on community walks for example.\nMillimetres2Mountains has raised about £300,000 and I’ve probably raised a similar amount myself by \xadtaking on challenges for other charities such as Restart, the rugby charity.\nWe were climbing Himlung Himal on the Tibet-Nepal border in March, \xadaiming for the height record for someone with a spinal injury, which we achieved. Anyway, there was an accident on the descent where our guide fell down a crevasse. We were stuck overnight on the mountain at minus 30C (minus 22F) and all ended up being \xadrescued by helicopter. That was a close call.\nPutting my feet up with a few beers. After a challenge, I feel I’ve earned it.\nSpender. Not on material things, though. I love to travel, so a lot goes on flights.\nI do, but I’m not very good with money in that respect. I have people I completely trust who take care of that for me.\nMy friend from university owns a wine investment company called Cult Wines, and I invested some money in their wine about six years ago and it has \xadoutperformed any other investment I’ve ever made. I could take a bottle out and drink it, but\nBitcoin. But luckily, I didn’t put much money in. Hopefully it will turn back around.\nBefore, I directly associated my self-worth with the number on my contract. Now I want and just need enough money to have a roof over my head, be happy and be able to do the things I love.\nThe charity, for example, isn’t my job. I don’t make any money from it. I went into public speaking and television work, things that aren’t time restrictive but pay reasonably well, so I can pursue my interests. This mindset shift, from associating money with self-worth to viewing it as a means to an end, is probably my best money lesson.\nFor more information about Ed Jackson’s charity, including on forthcoming trips to Petra, Nepal and Norway, see millimetres2mountains.org', 'Growth stocks have had a difficult time of it lately, but there looks to be a comeback brewing. After a tumultuous bear market in 2022, investors are eager for a more stable year. Moreover, it seems as though the equity market is rebounding, with many of the best growth stocks trading in the green. Though there is still considerable volatility in the market, there\x92s much to look forward to this year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips There are still plenty of risks, such as supply chain hiccups, high-interest rates, and other macroeconomic factors. Those who have been patient enough to wait until now could reap healthy long-term rewards. The valuations of many of the top growth stocks have become particularly attractive following the selloff last year. Having said that, here are seven growth stocks with great potential for superior returns in 2023. AAPL Apple $145.93 ISRG Intuitive Surgical $247.26 CHPT ChargePoint $12.16 DDOG Datadog $77.23 U Unity Software $36.29 MARA Marathon Digital Holdings $8.02 PANW Palo Alto Networks $159.78 Apple ( AAPL ) Apple (AAPL) logo brand and text sign on entrance facade store American multinational boutique corporation dealership shop Source: sylv1rob1 / Shutterstock.com Apple (NASDAQ: AAPL ) is arguably the most popular tech giant, which has made several strong moves across its various sectors. Even though the launch of the Apple Glass got delayed , it is still forging ahead into the AI/virtual reality sector. This may be an early step in what will eventually become a long-term strategic plan for the company, which makes AAPl one of the best growth stocks to buy now. Meanwhile, its massive customer base continues to purchase its flagship products, such as iPhones, Apple watches, and other accessories, resulting in stronger revenue and earnings growth. Apple has blown past estimates across both lines in 18 out of the past 20 quarters. This gives investors more confidence in buying the stock of this future-focused tech giant as it continues to play a major role in the ever-evolving economy. Story continues Intuitive Surgical ( ISRG ) A sign with the Intuitive Surgical logo standing outside of a company office. ISRG stock. Source: Sundry Photography / Shutterstock.com Intuitive Surgical (NASDAQ: ISRG ) is incredibly positioned for the future on the back of robust demand for robotic surgery in the upcoming decade. The company\x92s success is already apparent in the glowing results of its da Vinci Surgical System, which saw double-digit growth in its installed base during its most recent quarter. As robotic technology continues to evolve and improve, it appears that Intuitive will be one of many beneficiaries of this trend. ISRG\x92s track record of growing its sales and earnings has been mighty impressive. Over the past five years, Intuitive\x92s revenue growth has averaged 16% . Analysts expect to see double-digit growth in earnings for the next five years. Layer that up with its massive addressable market, ISRG stock is likely to offer tremendous upside down the road. ChargePoint ( CHPT ) A close-up of an orange ChargePoint (CHPT) station. Source: JL IMAGES / Shutterstock.com ChargePoint (NYSE: CHPT ) is changing how electric mobility works with its robust range of charging solutions, boasting a leadership position in the niche. The firm has grown its sales at an incredible pace, with revenues up over 90% in its most recent quarter . Also, with passenger EV sales expecting a 51% compound annual growth rate from 2020 to 2026, investing in CHPT stock remains an incredible long-term opportunity. With the recent agreement between Chargepoint, Mercedes-Benz Group, and MNB Energy, EV drivers in the U.S. and Canada are sure to benefit from increased access to fast chargers that will get their vehicles up and running. Even with a few cautionary notes, such as diminishing investors\x92 support for CHPT stock and the company\x92s road to profitability projected for several years down the line, it\x92s well worth investing in this EV charging giant. Datadog ( DDOG ) The Datadog (DDOG) logo displayed on a laptop screen. Source: Karol Ciesluk / Shutterstock.com Datadog (NASDAQ: DDOG )\xa0offers a powerful, convenient platform for cloud-based monitoring and security solutions. Instead of juggling multiple services to monitor and protect IT systems adequately, businesses can have it all under a one-stop-shop platform such as Datadog. Its intuitive and user-friendly service makes it easy for any business to access the necessary tools without needing specialized IT support. This all-in-one approach makes Datadog so attractive for businesses looking for a comprehensive cloud solution. Datadog has had a remarkable success story, with its sales jumping from $101 million in 2017 to over $1.2 billion in the past three quarters . Additionally, forward revenue growth estimates are over 50%, with the firm likely to break even soon. All this suggests that Datadog can continue growing at a robust pace and become a dominant force in its market. Unity Software ( U ) In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen. Source: viewimage / Shutterstock.com Unity Software (NYSE: U ) is a leading video game engine developer who has effectively revolutionized the sphere. However, Unity\x92s success has extended further than the game domain with its foray into video animation, architecture, and e-commerce. This bold expansion by Unity comes at key rival Unreal\x92s expense. Together, the two companies now control an impressive majority of the video-game-engine market with its potent user base. The future looks bright for Unity\x92s software suite as the rise of virtual and augmented reality unlocks a new world of potential. The firm\x92s revenue growth has averaged over 40% growth over the past five years. Also, it continues to invest in its cloud capabilities and has shifted to a subscription sales model, which should significantly expand its margins. With its latest advancements in VR/AR technology and subscription models, Unity will be well-poised to reap the rewards from this burgeoning industry over the long run. Marathon Digital Holdings ( MARA ) Macro view of miner working for bitcoins mine pool. Devices and technology for mining cryptocurrency. Mining cryptocurrency concept. MARA stock. Crypto mining. Source: Yev_1234 / Shutterstock Marathon Digital Holdings (NASDAQ: MARA ) has seen the potential growth in blockchain technology and its subsequent possibilities for the industry, providing the hope that the value of Bitcoin will not only return but will continue to expand. Though 2022 wasn\x92t ideal, it\x92s far too early to write off the incomparable value Bitcoin can bring. Marathon Digital Holdings has made a name for itself amongst bitcoin miners as an industry leader, consistently displaying impressive growth. This is especially true during the crypto winter of 2022 when its output increased by 29%. Also, analysts believe that it could take until the year 2040 for all of the remaining two million bitcoin to be mined, pointing to a massive addressable market for the stock. Palo Alto Networks ( PANW ) Palo Alto Networks (PANW) logo on corporate building Source: Sundry Photography / Shutterstock.com Palo Alto Networks (NASDAQ: PANW ) is in an enviable position concerning the increasing demand for cybersecurity solutions. During such unprecedented times, the need for secure access has driven the relentless search for reliable and advanced technologies, creating favorable conditions for Palo Alto\x92s security portfolio. Investing heavily in research and development while leveraging its expansive data will undoubtedly place Palo Alto far ahead of its competitors in this digital age of security. Palo Alto has long been a leader in the field of cybersecurity, and this recent distinction as the top global vendor is no surprise. The company\x92s dedication to premium technology and strong consistency have put it in a position for success, positioning it far above the competition. Palo Alto\x92s impressive gross profit margins of over 60% indicate just how successful its operations have been and justify its premium valuation in the tech space. This win is only another example of Palo Alto\x92s dominance within the industry, which surely set them up for continued success. On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor\x92s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn\x92t matter if you have $500 or $5 million. Do this now. Massive Bear Market \x93Divergence Event\x94 Ahead\x85 And The #1 Way to Play It The post 7 Growth Stocks That Will Be Big Winners in 2023 appeared first on InvestorPlace .', 'Growth stocks have had a difficult time of it lately, but there looks to be a comeback brewing.\nAfter a tumultuous bear market in 2022, investors are eager for a more stable year. Moreover, it seems as though the equity market is rebounding, with many of the best growth stocks trading in the green.\nThough there is still considerable volatility in the market, there’s much to look forward to this year.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nThere are still plenty of risks, such as supply chain hiccups, high-interest rates, and other macroeconomic factors. Those who have been patient enough to wait until now could reap healthy long-term rewards. The valuations of many of the top growth stocks have become particularly attractive following the selloff last year. Having said that, here are seven growth stocks with great potential for superior returns in 2023.\n[{"AAPL": "ISRG", "Apple": "Intuitive Surgical", "$145.93": "$247.26"}, {"AAPL": "CHPT", "Apple": "ChargePoint", "$145.93": "$12.16"}, {"AAPL": "DDOG", "Apple": "Datadog", "$145.93": "$77.23"}, {"AAPL": "U", "Apple": "Unity Software", "$145.93": "$36.29"}, {"AAPL": "MARA", "Apple": "Marathon Digital Holdings", "$145.93": "$8.02"}, {"AAPL": "PANW", "Apple": "Palo Alto Networks", "$145.93": "$159.78"}]\nSource: sylv1rob1 / Shutterstock.com\nApple(NASDAQ:AAPL)is arguably the most popular tech giant, which has made several strong moves across its various sectors.\nEven though the launchof the Apple Glass got delayed, it is still forging ahead into the AI/virtual reality sector. This may be an early step in what will eventually become a long-term strategic plan for the company, which makes AAPl one of the best growth stocks to buy now.\nMeanwhile, its massive customer base continues to purchase its flagship products, such as iPhones, Apple watches, and other accessories, resulting in stronger revenue and earnings growth.\nApple has blown past estimates across both lines in 18 out of the past 20 quarters. This gives investors more confidence in buying the stock of this future-focused tech giant as it continues to play a major role in the ever-evolving economy.\nSource: Sundry Photography / Shutterstock.com\nIntuitive Surgical(NASDAQ:ISRG)is incredibly positioned for the future on the back of robust demand for robotic surgery in the upcoming decade.\nThe company’s success is already apparent in the glowing results of its da Vinci Surgical System, which saw double-digit growth in its installed base during its most recent quarter. As robotic technology continues to evolve and improve, it appears that Intuitive will be one of many beneficiaries of this trend.\nISRG’s track record of growing its sales and earnings has been mighty impressive. Over the past five years, Intuitive’srevenue growth has averaged 16%.\nAnalysts expect to see double-digit growth in earnings for the next five years. Layer that up with its massive addressable market, ISRG stock is likely to offer tremendous upside down the road.\nSource: JL IMAGES / Shutterstock.com\nChargePoint(NYSE:CHPT)is changing how electric mobility works with its robust range of charging solutions, boasting a leadership position in the niche.\nThe firm has grown its sales at an incredible pace, withrevenues up over 90% in its most recent quarter. Also, with passenger EV sales expecting a 51% compound annual growth rate from 2020 to 2026, investing in CHPT stock remains an incredible long-term opportunity.\nWith the recent agreement between Chargepoint, Mercedes-Benz Group, and MNB Energy, EV drivers in the U.S. and Canada are sure to benefit from increased access to fast chargers that will get their vehicles up and running.\nEven with a few cautionary notes, such as diminishing investors’ support for CHPT stock and the company’s road to profitability projected for several years down the line, it’s well worth investing in this EV charging giant.\nSource: Karol Ciesluk / Shutterstock.com\nDatadog(NASDAQ:DDOG)\xa0offers a powerful, convenient platform for cloud-based monitoring and security solutions.\nInstead of juggling multiple services to monitor and protect IT systems adequately, businesses can have it all under a one-stop-shop platform such as Datadog. Its intuitive and user-friendly service makes it easy for any business to access the necessary tools without needing specialized IT support.\nThis all-in-one approach makes Datadog so attractive for businesses looking for a comprehensive cloud solution.\nDatadog has had a remarkable success story, with its sales jumping from $101 million in 2017 toover $1.2 billion in the past three quarters. Additionally, forward revenue growth estimates are over 50%, with the firm likely to break even soon. All this suggests that Datadog can continue growing at a robust pace and become a dominant force in its market.\nSource: viewimage / Shutterstock.com\nUnity Software(NYSE:U) is a leading video game engine developer who has effectively revolutionized the sphere.\nHowever, Unity’s success has extended further than the game domain with its foray into video animation, architecture, and e-commerce. This bold expansion by Unity comes at key rivalUnreal’sexpense. Together, the two companies now control an impressive majority of the video-game-engine market with its potent user base.\nThe future looks bright for Unity’s software suite as the rise of virtual and augmented reality unlocks a new world of potential. The firm’s revenue growthhas averaged over 40% growthover the past five years.\nAlso, it continues to invest in its cloud capabilities and has shifted to a subscription sales model, which should significantly expand its margins. With its latest advancements in VR/AR technology and subscription models, Unity will be well-poised to reap the rewards from this burgeoning industry over the long run.\nSource: Yev_1234 / Shutterstock\nMarathon Digital Holdings(NASDAQ:MARA)has seen the potential growth in blockchain technology and its subsequent possibilities for the industry, providing the hope that the value of Bitcoin will not only return but will continue to expand.\nThough 2022 wasn’t ideal, it’s far too early to write off the incomparable valueBitcoincan bring.\nMarathon Digital Holdings has made a name for itself amongst bitcoin miners as an industry leader, consistently displaying impressive growth.\nThis is especially true during the crypto winter of 2022 when its output increased by 29%. Also, analysts believe that it could take until the year 2040 for all of the remaining two million bitcoin to be mined, pointing to a massive addressable market for the stock.\nSource: Sundry Photography / Shutterstock.com\nPalo Alto Networks(NASDAQ:PANW)is in an enviable position concerning the increasing demand for cybersecurity solutions.\nDuring such unprecedented times, the need for secure access has driven the relentless search for reliable and advanced technologies, creating favorable conditions for Palo Alto’s security portfolio.\nInvesting heavily in research and development while leveraging its expansive data will undoubtedly place Palo Alto far ahead of its competitors in this digital age of security.\nPalo Alto has long been a leader in the field of cybersecurity, and this recent distinction as the top global vendor is no surprise.\nThe company’s dedication to premium technology and strong consistency have put it in a position for success, positioning it far above the competition. Palo Alto’s impressivegross profit margins of over 60%indicate just how successful its operations have been and justify its premium valuation in the tech space.\nThis win is only another example of Palo Alto’s dominance within the industry, which surely set them up for continued success.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post7 Growth Stocks That Will Be Big Winners in 2023appeared first onInvestorPlace.', "By Davit Kirakosyan Investing.com -- Here are some of the biggest insider trades from the past week, as first reported on InvestingPro . PNC Financial Services (NYSE:PNC) President/CEO, William Demchak, bought 6,550 shares, or over $1 million worth, at $153.38. Shares rose more than 5% this week. Applied Digital (NASDAQ:APLD) (formerly Applied Blockchain) CEO, Wes Cummins last week bought another 75,000 shares, or around $180,000 worth, at $2.33-$2.48. In the prior couple weeks, he had purchased 270,000 shares, or around $618,000 worth, at $2.17-$2.41. Shares surged more than 33% this week. Compass Therapeutics, Inc. (NASDAQ:CMPX) CEO, Thomas Schuetz, bought 20,000 shares, or $83,800 worth, at $4.19. Among recent analyst actions at the company, Stifel initiated coverage on Compass with a Buy rating and a price target of $9.00. According to the firm, the recent presentation of updated results from the P2 trial of CTX-009 and paclitaxel combination in 2L BTC showed potential for a near $1 billion peak sales opportunity (worldwide) capable of providing >2x upside from current levels. Shares closed the week with a 6% gain. *** If you’re interested in upgrading your search for new investing ideas, check out InvestingPro . Related Articles 3 hot insider trades: PNC chief picks up $1M in shares Boeing's 747, the original jumbo jet, prepares for final send-off India's Adani hits back at Hindenburg, insists made full disclosure View comments", "By Davit Kirakosyan\nInvesting.com -- Here are some of the biggest insider trades from the past week, as first reported onInvestingPro.\nPNC Financial Services (NYSE:PNC) President/CEO, William Demchak, bought 6,550 shares, or over $1 million worth, at $153.38.\nShares rose more than 5% this week.\nApplied Digital (NASDAQ:APLD) (formerly Applied Blockchain) CEO, Wes Cummins last week bought another 75,000 shares, or around $180,000 worth, at $2.33-$2.48. In the prior couple weeks, he had purchased 270,000 shares, or around $618,000 worth, at $2.17-$2.41.\nShares surged more than 33% this week.\nCompass Therapeutics, Inc. (NASDAQ:CMPX) CEO, Thomas Schuetz, bought 20,000 shares, or $83,800 worth, at $4.19.\nAmong recent analyst actions at the company, Stifel initiated coverage on Compass with a Buy rating and a price target of $9.00. According to the firm, the recent presentation of updated results from the P2 trial of CTX-009 and paclitaxel combination in 2L BTC showed potential for a near $1 billion peak sales opportunity (worldwide) capable of providing >2x upside from current levels.\nShares closed the week with a 6% gain.\n***If you’re interested in upgrading your search for new investing ideas, check outInvestingPro.\nRelated Articles\n3 hot insider trades: PNC chief picks up $1M in shares\nBoeing's 747, the original jumbo jet, prepares for final send-off\nIndia's Adani hits back at Hindenburg, insists made full disclosure", 'OneCoin founder Dr. Ruja Ignatova has resurfaced more than five years after vanishing from the public eye, linked to a London property in a filing submitted to the British government this month. The filling lists Ignatova as a so-called beneficial owner of Abbots House Penthouse Limited, a Guernsey-based company that had purchased a multimillion-dollar penthouse in the London suburb of Kensington. The property was recently put up for sale, as per the New York Post, for a price of $15.5 million, which was later reduced to around $13.6 million, and the listing has since been taken down. Ignatova was reportedly forced to step forward as its owner due to rules involving overseas companies that took effect in the UK last year. The disclosure states that Ignatova has owned the penthouse through Abbots House Penthouse Limited since May 2016. However, a separate report from the BBC says the recent listing can be traced back to prosecutors in the German city of Bielefeld rather than UK law officials or herself. US Court Unseals Indictment of OneCoin Cryptoqueen\'s \'Crisis Manager\' The suggestion that Ignatova reemerged from hiding comes years after she vanished while ducking fraud charges. When she launched OneCoin in 2014, it was billed as a “Bitcoin killer” to investors, but the project was later revealed to be a Ponzi scheme. A network for the token was never even built, a BBC Sounds Podcast titled “ The Missing Cryptoqueen ” found. The OneCoin founder is on the FBI’s Top Ten Most Wanted list and one of Europe’s most high-profile fugitives, facing allegations of conning investors out of as much as $5 billion in 2017. The FBI is currently offering a $100,000 reward for information that leads to her arrest. On this #FugitiveFriday , check out the latest episode of #InsideTheFBI to learn how Ruja Ignatova, also known as the "Cryptoqueen," became the newest addition to the FBI\'s Ten Most Wanted Fugitives list. Listen now on your favorite #podcast player: https://t.co/VFw4Ao9T5p pic.twitter.com/PaWUbDngOr — FBI (@FBI) August 26, 2022 Story continues While Ignatova hasn’t been seen since she fled Bulgaria—where OneCoin was based—on a plane to Athens, Greece, in 2017, multiple people close to the “Cryptoqueen” have faced trouble for their role in facilitating the alleged scheme. OneCoin Co-Founder Pleads Guilty to Wire Fraud, Money Laundering Last month, OneCoin co-founder Karl Sebastion Greenwood pled guilty to wire fraud and money laundering charges brought against him by prosecutors in the Southern District of New York. And charges against a former Luxembourg intelligence official who described his role at OneCoin as a “crisis manager” were also unsealed . In a statement , U.S. Attorney Damian Williams said OneCoin was “marketed and sold a fraudulent cryptocurrency” through a multi-level-marketing scheme to gain traction across the globe. He also claimed that Greenwood and Ignatova “conceived of and built the OneCoin business fully intending to use it to defraud investors.” Williams made reference to emails where OneCoin investors were called “idiots” by Greenwood for believing in the project. Williams also cited a discussion where Ignatova shared her thoughts on an “exit strategy” for OneCoin. The first idea floated by Ignatova was to “take the money and run and blame someone else for this.” In 2019, OneCoin’s lawyer Mark Scott was found guilty of conspiracy to commit money laundering and bank fraud by a U.S. District Court in Manhattan. Ignatova’s brother, Konstantin Ignatov, has also pleaded guilty to fraud and money laundering charges. Associates of Ignatova have faced charges in Germany that involve multiple financial crimes as well. There, prosecutors alleged customers of OneCoin were deceived into thinking token prices were determined by market mechanisms when the process was entirely fake, including software that simulated OneCoin being mined.', "OneCoin founder Dr. Ruja Ignatova has resurfaced more than five years after vanishing from the public eye, linked to a London property in a filing submitted to the British government this month.\nThefillinglists Ignatova as a so-called beneficial owner of Abbots House Penthouse Limited, a Guernsey-based company that had purchased a multimillion-dollar penthouse in the London suburb of Kensington.\nThe property was recently put up for sale,as perthe New York Post, for a price of $15.5 million, which was later reduced to around $13.6 million, and the listing has since been taken down. Ignatova was reportedly forced to step forward as its owner due to rules involving overseas companies that took effect in the UK last year.The disclosure states that Ignatova has owned the penthouse through Abbots House Penthouse Limited since May 2016.\nHowever, a separatereportfrom the BBC says the recent listing can be traced back to prosecutors in the German city of Bielefeld rather than UK law officials or herself.\nUS Court Unseals Indictment of OneCoin Cryptoqueen's 'Crisis Manager'\nThe suggestion that Ignatova reemerged from hiding comes years after she vanished while ducking fraud charges. When she launched OneCoin in 2014, it was billed as a “Bitcoin killer” to investors, but the project was later revealed to be a Ponzi scheme. A network for the token was never even built, a BBC Sounds Podcast titled “The Missing Cryptoqueen” found.\nThe OneCoin founder is on the FBI’s Top Ten Most Wanted list and one of Europe’s most high-profile fugitives, facing allegations of conning investors out of as much as $5 billion in 2017. The FBI is currently offering a $100,000 reward for information that leads to her arrest.\nWhile Ignatova hasn’t been seen since she fled Bulgaria—where OneCoin was based—on a plane to Athens, Greece, in 2017, multiple people close to the “Cryptoqueen” have faced trouble for their role in facilitating the alleged scheme.\nOneCoin Co-Founder Pleads Guilty to Wire Fraud, Money Laundering\nLast month, OneCoin co-founder Karl Sebastion Greenwoodpled guiltyto wire fraud and money laundering charges brought against him by prosecutors in the Southern District of New York. And charges against a former Luxembourg intelligence official who described his role at OneCoin as a “crisis manager” were alsounsealed.\nIn astatement, U.S. Attorney Damian Williams said OneCoin was “marketed and sold a fraudulent cryptocurrency” through a multi-level-marketing scheme to gain traction across the globe. He also claimed that Greenwood and Ignatova “conceived of and built the OneCoin business fully intending to use it to defraud investors.”\nWilliams made reference to emails where OneCoin investors were called “idiots” by Greenwood for believing in the project. Williams also cited a discussion where Ignatova shared her thoughts on an “exit strategy” for OneCoin. The first idea floated by Ignatova was to “take the money and run and blame someone else for this.”\nIn 2019, OneCoin’s lawyer Mark Scott was found guilty of conspiracy to commit money laundering and bank fraud by a U.S. District Court in Manhattan. Ignatova’s brother, Konstantin Ignatov, has also pleaded guilty to fraud and money laundering charges.\nAssociates of Ignatova havefaced chargesin Germany that involve multiple financial crimes as well. There, prosecutors alleged customers of OneCoin were deceived into thinking token prices were determined by market mechanisms when the process was entirely fake, including software that simulated OneCoin being mined.", "Illustration by Mitchell Preffer for Decrypt Crypto this week was a mixed bag. After three weeks of consecutive growth, the fourth full week of 2023 saw Bitcoin prices virtually unchanged since last weekend, and while Ethereum depreciated a little, several altcoins like Aptos (APT), Axie Infinity (AXS) and Avalanche (AVAX) managed sizeable rallies. On Monday, Conor Grogan, a director at Coinbase, alleged that there has been some pretty obvious insider trading at Binance in the last 18 months. This is not the first time such allegations have been made. It appears that there is a pattern of Binance front-running over 18+ months I found connected wallets that: -Bought $900k Rari seconds before and dumped minutes after listing -Bought ~78K ERN between June 17 and June 21 and sold right after listing announcement -Did same w/ TORN https://t.co/yAolrfeHkO pic.twitter.com/VRq3vzfcgd — Conor (@jconorgrogan) January 23, 2023 Researchers from crypto financial services platform Matrixport last weekend said that the end of the first day of Chinese New Year is an optimal time to open up long positions in crypto, because—based on the last eight years—selling 10 days later nets an average profit of 9%. Their findings were shared widely on Monday. gm Buying Bitcoin at the end of the first day of Chinese New Year and selling it 10 days later would have returned +9%, on average, with all of the last eight years (2015-2022) showing positive returns. This is a hit ratio of 100% (8 wins, 0 losses). - Matrixport research pic.twitter.com/ryPoJvZ7ql — db (@tier10k) January 23, 2023 On Tuesday, crypto whale news account @unusual_whales announced the latest assets to be seized by authorities in the ongoing investigation into the now-bankrupt FTX exchange’s disgraced former CEO Sam Bankman-Fried. And we all thought he was down to his last $100k ! BREAKING: Prosecutors have seized $50 million from Sam Bankman-Fried's account in the tiny rural Washington State bank, the Farmington State Bank, where last year he purchased an $11 million stake in the bank itself. — unusual_whales (@unusual_whales) January 24, 2023 That day, El Salvador’s Bitcoin-obsessed authoritarian President Nayib Bukele posted a multi-thread string of hit pieces criticizing his decision to coerce his country into accepting Bitcoin as legal tender. In his thread, he wants everyone to know that El Salvador is doing just fine. That day, his government paid out an $800 million bond that had matured. Story continues In the past year, almost every legacy international news outlet said that because of our “ #Bitcoin bet”, El Salvador was going
**Last 60 Days of Bitcoin's Closing Prices:**
[17168.57, 16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-29
**Financial & Commodity Data:**
- Gold Closing Price: $1928.60
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $450,992,967,975
- Hash Rate: 311001352.7915209
- Transaction Count: 258583.0
- Unique Addresses: 616633.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,000, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed. Dogecoin led gains at 4.32% and Solana was the biggest loser among top 10 cryptos.
See related article:Binance Charity to fund over 30,000 Web3 scholarships in 2023
• Bitcoin, the world’s largest cryptocurrency, dipped 0.89% to US$22,701 on Monday at 4 p.m. in Hong Kong after gaining 7.46% in the past seven days, according toCoinMarketCap data.
• Ethereum gained 0.3% to US$1,634, and strengthened 4.31% on the week.
• Dogecoin, the world’s top memecoin, led gains among top 10 cryptos, rising 4.32% to US$0.08936, after gaining 3.53% in the past week.
• Solana lost most, by 2.76% to US$24.48, after posting a weekly gain of 0.86%.
• Many Asian equity markets were closed on Monday for the Lunar New Year holidays in the region. Japan’sNikkei 225gained 1.33% on Monday and India’sSensexinched up 0.5% at 2.40 p.m. local time.
• See related article:Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022. See related article: Bankrupt BlockFi asks court to approve bonuses to keep staff Fast facts Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according to data from CoinMarketCap . Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues to recover from FTX-related damages . Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%, after reporting that its network has had zero downtime in 11 years of existence. The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion. U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%. Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whether recent widespread job cuts in the sector are to extend further into 2023. The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month. In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020. See related article: Are weak DAOs inviting attacks and manipulation?', 'Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022.\nSee related article:Bankrupt BlockFi asks court to approve bonuses to keep staff\n• Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according todata from CoinMarketCap.\n• Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues torecoverfrom FTX-relateddamages.\n• Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%,after reportingthat its network has had zero downtime in 11 years of existence.\n• The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.\n• Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whetherrecent widespread job cutsin the sector are to extend further into 2023.\n• The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month.\n• In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020.\nSee related article:Are weak DAOs inviting attacks and manipulation?', 'Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022.\nSee related article:Bankrupt BlockFi asks court to approve bonuses to keep staff\n• Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according todata from CoinMarketCap.\n• Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues torecoverfrom FTX-relateddamages.\n• Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%,after reportingthat its network has had zero downtime in 11 years of existence.\n• The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.\n• Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whetherrecent widespread job cutsin the sector are to extend further into 2023.\n• The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month.\n• In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020.\nSee related article:Are weak DAOs inviting attacks and manipulation?', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tops $23.9K before retreating slightly amid ongoing investor optimism. But one market observer says the largest cryptocurrency by market capitalization could be due for a U-turn.\nInsights:Amazon is rumored to be unveiling an NFT initiative, part of the retail giant\'s larger push into Web3. The project could raise significant regulatory issues.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,120.88\n+36.7▲3.4%\nBitcoin (BTC)\n$23,762\n+636.4▲2.8%\nEthereum (ETH)\n$1,645\n+60.3▲3.8%\nS&P 500 daily close\n4,070.56\n+10.1▲0.2%\nGold\n$1,945\n+16.5▲0.9%\nTreasury Yield 10 Years\n3.52%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Continues Flying High ... for Now\nBy James Rubin\nOn the weekend before the U.S. central bank unveils its latest interest rate decision, crypto investors were in a buoyant mood.\nThey sent bitcoin as close to $24,000 as it\'s been since mid-August. The largest cryptocurrency by market capitalization topped $23,900 at one point Sunday before retreating to about $23,760, a nearly 3% gain over the past 24 hours. Markets have remained largely hopeful the past week despite sometimes conflicting economic data and worrisome fourth quarter earnings reports from some of the world\'s biggest brands.\nOn Friday, news from the inflation front tilted favorably with the U.S. Commerce Department\'s announcing that personal consumption expenditures (PCE) excluding food and energy in December had registered its most moderate annual rate increase since October 2021. The PCE, a key inflationary measure that the Federal Reserve weighs heavily in its monetary decisions, offered the latest evidence of a cooling economy, although it also showed services inflation remaining stubbornly resilient.\n"The decline in goods inflation is welcome, as it brings inflation closer to the [Federal Reserve\'s] 2% goal (for reducing inflation), but with services inflation still sticky, it highlights that the Fed has more work to do," First Republic Bank wrote in a weekly note to investors.\nStill, Joe DiPasquale, CEO of fund manager BitBull Capital, noted in a text to CoinDesk, that the Federal Open Market Committee (FOMC) was likely to follow through on a widely expected 25 basis point rate hike at its two-day meeting, which begins Tuesday. Investors\' hopes for this more dovish tilt in monetary policy after eight months of harsher increases have fueled much of January\'s surge in crypto prices and other risk assets.\nThe "more modest increase is part of the reason that many crypto prices have increased," DiPasquale wrote. "It’s seen as a positive economic sign and is now being baked into the demand for bitcoin. It has been positively correlated with the equities markets in recent years and the lower rate is a bullish sign for the stock market."\nEther, the second-largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green with MANA, the token of 3D virtual reality platform Decentraland, and SAND, the native currency of the metaverse game Sandbox, recently jumping more than 15% and 7%, respectively, and SOL, the token of the Solana blockchain, up 8.2%.\nTheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently spiked more than 3.3%.\nEquity markets furthered their upbeat January on Friday with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component, each closing up the better part of a percentage point. The S&P has reached its highest level in nearly two months, a reversal from its desultory 2022. Investors are cautiously optimistic about inflation and other macroeconomic uncertainties, even as such powerhouses as Amazon, Salesforce and Microsoft have announced job cuts in anticipation of an economic contraction.\nIn crypto news, the sad saga of Sam Bankman-Friedcontinuedon Friday with federal prosecutorsaskingU.S. District Court Judge Lewis Kaplan to ban the former CEO of FTX from communicating privately with current and former employees of the embattled exchange and its investment arm, Alameda Research. Prosecutors said Bankman-Fried had reached out to one former FTX employee in what they described as a thinly veiled attempt to “influence potential testimony."\nBitBull\'s DiPasquale said that current market conditions remain ripe for a turn lower after the weeks-long surge fueled by a short squeeze and investor optimism. "Investors might choose to take profits now given the downside potential after several weeks of gains, and the possibility that bitcoin may test $20k again in the near future," DiPasquale wrote.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+15.3%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+8.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nAmazon Moves Into Web3. But Is the World Ready for Amazon Web3?\nBy Sam Reynolds\nAmazon is rumored to be unveiling a Web3 initiative, according to areport by Blockworks. What this project will look like when it materializes is unclear: It might involve gaming, a non-fungible token (NFT) marketplace or something in between.\nEither the regulatory complexity and uncertainty of doing this will kill the project before it begins, or Amazon has the size and scale to "make the market" on this and bring the Web3 economy into the mainstream.\nFlying blind?\nGenerally speaking, major blue-chip corporations have avoided Web3 because of legal uncertainties. Sure, there have been efforts by payment companies likeVisaandMastercardto integrate stablecoins into their networks, many crypto nodes arehosted on Amazon’s cloud service AWSand Big Tech and traditional finance (TradFi) firms areregular investorsin the crypto economy.\nBut this doesn’t mean they are stakeholders in the Web3 economy, embracing the ethos of decentralized ownership. Regulatory uncertainty and a lack of clarity interferes. Amazon’s efforts are potentially transformational if it can succeed, which will mean addressing the regulatory issues.\nAre NFTs securities?\nOne of the major issues that would deter Amazon from launching NFT endeavors is whether NFTs are securities.\nThat issue is currently before the courts in the case Friel v. Dapper Labs and has been debated by many great legal minds.\nThe consensus is, "Maybe, maybe not."\nInFriel v. Dapper Labs, the plaintiff, Jeeun Friel,arguesthat Dapper Labs’ NBA: Top Shot NFTs are securities because their value increases with the success of the project. Dapper Labs also controls the blockchain they are issued on, and takes a cut of every transaction.\nThe exchanges between Friel and Dapper alsoinvolve theories of vertical and horizontal commonality. Horizontal commonality analyzes if the value of each item, in this case, Moments, is independent or dependent on each other (investment contracts issued by the same company would move up and down in sync). Vertical commonality is the link between the value of the Moments and the success of Dapper.\n“The proceeds of investors’ purchases in Moments are pooled together in the hands of Dapper Labs, which uses the money to stir up interest in the Marketplace for Moments and build out its Flow blockchain, further driving interest, traffic and money to the NBA Top Shot platform,” the Plaintiffs argue, saying this represents horizontal commonality.\nRegarding vertical commonality, Dapper says in the court docket, “There is no vertical commonality because there is no link between the fortunes of each Moments collector and Dapper,” while the plaintiffs contend that the success of Dapper as a company relies on continued sales of these Moments in the secondary market and thus create vertical commonality.\nAs a recent article in theUNC School of Law’s North Carolina Banking InstituteJournal highlights, citing another instance of basketball clubs selling NFTs, the presence of a royalty would encourage the continued promotion and might satisfy the “vertical commonality test because the NFT owner’s fortune would be impacted by the GSW’s effort.”\nBut that doesn’t mean all NFT transactions would represent securities.In an article published on JD Supra, lawyers Gargi Chaudhuri and James Masella III argue that most buyers – even if expecting to resell the NFT for profit at a later date – are expecting the transaction to be complete at the time of purchase and are not expecting the NFT to evolve or improve over time.\n“Although the buyer may be interested in the value of the asset they own and hope to resell it at a later date for a profit, they did not invest in an ongoing, “common enterprise” that would pay the individual some share of profits, they write, cautioning that this is dependent on there not being an active secondary market for the NFTs.\nAt the same time, OpenSea, one of the largest NFT marketplaces, has been cautioning its staff to avoid using language reminiscent of securities,Fortune reportedlast year.Speaking with TechCrunch, a former Securities and Exchange Commission lawyer has said that these marketplaces could attract attention with a case involving the sale of unregistered securities, but nothing has happened yet.\nUncertainty is often a killer.\nWhat about copyright?\nCopyright and NFTs are a tough one.\nOn one hand, unless explicitly stated,you don’t control the copyrightwhen you buy a work of art.\nBut it doesn’t seem like the market understands that. See:Spice DAO’s attempt to purchase the "Dune Bible"and create a new adaption for the screen based on the book.\n“From a legal perspective, when a buyer purchases an NFT attached to a copyrightable work, at most they may be purchasing a license to display the copyrighted work in a limited capacity,” IP attorneys Ryan W. McBridge and Silas K. Alexanderwrote in a 2021 paper. “The copyright holder typically retains the rights of reproduction, adaptation, publication, and performance of the work. A person who buys an NFT cannot legally edit the digital asset and redistribute the work, even though they paid for it.”\nThere are some exceptions to this. Yuga Labs has releasedfull commercial rightsto NFT holders for their entire collection,including Bored Apes. But this is only a license, and Yuga Labs still "owns" the IP for the Ape.\nIn an August 2022 report, Galaxy Digital accused the NFT industry of "misleading" the public with its language around NFTs and ownership of copyright.\n“The arrangements between NFT issuers and token holders resemble a distinctly Web2 maze of opaque, misleading, complex, and restrictive licensing agreements,” the report said, with Alex Thorn, head of Galaxy Digital Research,telling Decrypt, there’s “a discrepancy between what the public thinks they\'re buying and what they\'re really buying”.\nArecent judgmentin a court case between Yuga Labs and two artists it accused of making knockoffs of its NFTs (which are generated by an artificial intelligence algorithm) and infringing on its copyright further complicated the issue with the court refusing to weigh in on the topic of NFTs and copyright.\n“[The] defendants again want an advisory opinion from the Court about copyright and NFTs. But the standing requirement of Article III prevents exactly this use of federal courts to adjudicate hypothetical questions, just as it does in the defamation context, the ruling reads."\nGiven this minefield, is this really a market that Amazon wants to double down on?\nCrypto gaming and gambling\nBlockworks’ report mentions that Amazon’s NFT effort might involve some sort of Web3 gaming engagement. A tantalizing possibility, considering that GameFi has a $10 billion market capaccording to CoinGecko data.\nBut Play to Earn – one of the more popular genres of Web3 gaming – has all sorts of legal pitfalls.\nIn many markets in Asia, there are already specific laws, some first written 20 years ago, on the books involving trading gaming tokens for cash,as CoinDesk has previously reported.\nA 2004 game called Seatalk, which had a (physical) token component made the Korean government write specific laws prohibiting converting gaming tokens to cash. China banned it in 2007 after Tencent developed a virtual currency called QQ Coins, used in its online universe and exchangeable for Yuan.\nIn Canada, lawyers at a firm called Oslerhighlighted in an October 2022paper that the entire play-to-earn model might run afoul of the country’s gambling rules.\n“Generally, the Criminal Code prohibits games that are fundamentally premised on: the payment of money (or money’s worth) by the user; and the possibility that the user can earn money (or money’s worth) from playing,” they write.\nLawyers at Washington, D.C.-based law firm Ifrahhave also saidthat Play-to-Earn risks violating state and federal gambling law because of the need to pay something of value (the NFT) to participate.\nCan Amazon pull this off?\nAll this isn’t to say that Amazon faces an impossible task.\nThe company has access to almost infinite legal resources and compliance teams to create a version of Web3 that doesn’t run afoul of the law – despite there being limited legal guidance available and existing paradigms being regulatory and compliance hellscapes.\nSome might argue, citing a declining market for NFTs and the overall bear sentiment for crypto, that this is the time to do it. But entering at the bottom of the market can also create market momentum, and there’s nobody like Amazon with its scale in the Web2 world.\nAmazon entering this market would certainly legitimize it in the eyes of many, and it would be an important step in creating an institutional-grade asset out of NFTs. But first, they need to push through the regulatory challenges.\n3 p.m. HKT/SGT(7 a.m. UTC):Germany gross domestic product (Q4 preliminary/QoQ/YoY)\n6 p.m. HKT/SGT(10 a.m. UTC):European Commission business climate report (January)\n6 p.m. HKT/SGT(10 a.m. UTC):European Commission consumer confidence (January)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCore PCE Price Index Rose 4.4% in December; Aptos Labs CEO on Token Surge\nCrypto markets are processing the just-released PCE data showing that core inflation has continued to cool. The personal consumption expenditures (PCE) index rose 4.4% annually last month, compared to 4.7% in November. The report is the last major economic data to be released prior to the Fed\'s next rate hike decision. Joining "First Mover" to discuss was JMP Securities Director of Financial Technology Research Devin Ryan. Also joining was Aptos Labs co-founder and CEO Mohammad Shaikh.\nSam Bankman-Fried Seeks Right to Transfer FTX\'s Crypto:Lawyers for the bankrupt crypto exchange\'s founder said there was no evidence for restricting his access to crypto held by FTX as part of bail conditions in a fraud trial.\nDOJ Claims Sam Bankman-Fried Tried to Influence Witness Testimony, Asks for Communications Ban:A court document filed by prosecutors on Friday alleges that Bankman-Fried messaged FTX US General Counsel Ryne Miller on Signal, asking to reconnect and “vet things with each other.”\nWazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates:The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users.\nCrypto Markets Analysis: Bitcoin, Ether Trading Activity Lessens as Investors Await FOMC’s Next Interest Rate Hike:Bitcoin and ether were trading around new areas of support; markets were quiet ahead of a likely 25 basis point rate increase.\nDecentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum:The utility token has rallied 50% in the past 24 hours and more than doubled since Wednesday ahead of the release of its widely anticipated beta version next week.', 'Good morning. Here’s what’s happening: Prices: Bitcoin tops $23.9K before retreating slightly amid ongoing investor optimism. But one market observer says the largest cryptocurrency by market capitalization could be due for a U-turn. Insights: Amazon is rumored to be unveiling an NFT initiative, part of the retail giant\'s larger push into Web3. The project could raise significant regulatory issues. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,120.88 +36.7 ▲ 3.4% Bitcoin (BTC) $23,762 +636.4 ▲ 2.8% Ethereum (ETH) $1,645 +60.3 ▲ 3.8% S&P 500 daily close 4,070.56 +10.1 ▲ 0.2% Gold $1,945 +16.5 ▲ 0.9% Treasury Yield 10 Years 3.52% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Continues Flying High ... for Now By James Rubin On the weekend before the U.S. central bank unveils its latest interest rate decision, crypto investors were in a buoyant mood. They sent bitcoin as close to $24,000 as it\'s been since mid-August. The largest cryptocurrency by market capitalization topped $23,900 at one point Sunday before retreating to about $23,760, a nearly 3% gain over the past 24 hours. Markets have remained largely hopeful the past week despite sometimes conflicting economic data and worrisome fourth quarter earnings reports from some of the world\'s biggest brands. On Friday, news from the inflation front tilted favorably with the U.S. Commerce Department\'s announcing that personal consumption expenditures (PCE) excluding food and energy in December had registered its most moderate annual rate increase since October 2021. The PCE, a key inflationary measure that the Federal Reserve weighs heavily in its monetary decisions, offered the latest evidence of a cooling economy, although it also showed services inflation remaining stubbornly resilient. Story continues "The decline in goods inflation is welcome, as it brings inflation closer to the [Federal Reserve\'s] 2% goal (for reducing inflation), but with services inflation still sticky, it highlights that the Fed has more work to do," First Republic Bank wrote in a weekly note to investors. Still, Joe DiPasquale, CEO of fund manager BitBull Capital, noted in a text to CoinDesk, that the Federal Open Market Committee (FOMC) was likely to follow through on a widely expected 25 basis point rate hike at its two-day meeting, which begins Tuesday. Investors\' hopes for this more dovish tilt in monetary policy after eight months of harsher increases have fueled much of January\'s surge in crypto prices and other risk assets. The "more modest increase is part of the reason that many crypto prices have increased," DiPasquale wrote. "It’s seen as a positive economic sign and is now being baked into the demand for bitcoin. It has been positively correlated with the equities markets in recent years and the lower rate is a bullish sign for the stock market." Ether, the second-largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green with MANA, the token of 3D virtual reality platform Decentraland, and SAND, the native currency of the metaverse game Sandbox, recently jumping more than 15% and 7%, respectively, and SOL, the token of the Solana blockchain, up 8.2%. The CoinDesk Market Index (CDI), an index measuring cryptos\' performance, recently spiked more than 3.3%. Equity markets furthered their upbeat January on Friday with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component, each closing up the better part of a percentage point. The S&P has reached its highest level in nearly two months, a reversal from its desultory 2022. Investors are cautiously optimistic about inflation and other macroeconomic uncertainties, even as such powerhouses as Amazon, Salesforce and Microsoft have announced job cuts in anticipation of an economic contraction. In crypto news, the sad saga of Sam Bankman-Fried continued on Friday with federal prosecutors asking U.S. District Court Judge Lewis Kaplan to ban the former CEO of FTX from communicating privately with current and former employees of the embattled exchange and its investment arm, Alameda Research. Prosecutors said Bankman-Fried had reached out to one former FTX employee in what they described as a thinly veiled attempt to “influence potential testimony." BitBull\'s DiPasquale said that current market conditions remain ripe for a turn lower after the weeks-long surge fueled by a short squeeze and investor optimism. "Investors might choose to take profits now given the downside potential after several weeks of gains, and the possibility that bitcoin may test $20k again in the near future," DiPasquale wrote. Biggest Gainers Asset Ticker Returns DACS Sector Decentraland MANA +15.3% Entertainment Solana SOL +8.2% Smart Contract Platform Cosmos ATOM +5.3% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Amazon Moves Into Web3. But Is the World Ready for Amazon Web3? By Sam Reynolds Amazon is rumored to be unveiling a Web3 initiative, according to a report by Blockworks . What this project will look like when it materializes is unclear: It might involve gaming, a non-fungible token (NFT) marketplace or something in between. Either the regulatory complexity and uncertainty of doing this will kill the project before it begins, or Amazon has the size and scale to "make the market" on this and bring the Web3 economy into the mainstream. Flying blind? Generally speaking, major blue-chip corporations have avoided Web3 because of legal uncertainties. Sure, there have been efforts by payment companies like Visa and Mastercard to integrate stablecoins into their networks, many crypto nodes are hosted on Amazon’s cloud service AWS and Big Tech and traditional finance (TradFi) firms are regular investors in the crypto economy. But this doesn’t mean they are stakeholders in the Web3 economy, embracing the ethos of decentralized ownership. Regulatory uncertainty and a lack of clarity interferes. Amazon’s efforts are potentially transformational if it can succeed, which will mean addressing the regulatory issues. Are NFTs securities? One of the major issues that would deter Amazon from launching NFT endeavors is whether NFTs are securities. That issue is currently before the courts in the case Friel v. Dapper Labs and has been debated by many great legal minds. The consensus is, "Maybe, maybe not." In Friel v. Dapper Labs , the plaintiff, Jeeun Friel, argues that Dapper Labs’ NBA: Top Shot NFTs are securities because their value increases with the success of the project. Dapper Labs also controls the blockchain they are issued on, and takes a cut of every transaction. The exchanges between Friel and Dapper also involve theories of vertical and horizontal commonality . Horizontal commonality analyzes if the value of each item, in this case, Moments, is independent or dependent on each other (investment contracts issued by the same company would move up and down in sync). Vertical commonality is the link between the value of the Moments and the success of Dapper. “The proceeds of investors’ purchases in Moments are pooled together in the hands of Dapper Labs, which uses the money to stir up interest in the Marketplace for Moments and build out its Flow blockchain, further driving interest, traffic and money to the NBA Top Shot platform,” the Plaintiffs argue, saying this represents horizontal commonality. Regarding vertical commonality, Dapper says in the court docket, “There is no vertical commonality because there is no link between the fortunes of each Moments collector and Dapper,” while the plaintiffs contend that the success of Dapper as a company relies on continued sales of these Moments in the secondary market and thus create vertical commonality. As a recent article in the UNC School of Law’s North Carolina Banking Institute Journal highlights, citing another instance of basketball clubs selling NFTs, the presence of a royalty would encourage the continued promotion and might satisfy the “vertical commonality test because the NFT owner’s fortune would be impacted by the GSW’s effort.” But that doesn’t mean all NFT transactions would represent securities. In an article published on JD Supra , lawyers Gargi Chaudhuri and James Masella III argue that most buyers – even if expecting to resell the NFT for profit at a later date – are expecting the transaction to be complete at the time of purchase and are not expecting the NFT to evolve or improve over time. “Although the buyer may be interested in the value of the asset they own and hope to resell it at a later date for a profit, they did not invest in an ongoing, “common enterprise” that would pay the individual some share of profits, they write, cautioning that this is dependent on there not being an active secondary market for the NFTs. At the same time, OpenSea, one of the largest NFT marketplaces, has been cautioning its staff to avoid using language reminiscent of securities, Fortune reported last year. Speaking with TechCrunch , a former Securities and Exchange Commission lawyer has said that these marketplaces could attract attention with a case involving the sale of unregistered securities, but nothing has happened yet. Uncertainty is often a killer. What about copyright? Copyright and NFTs are a tough one. On one hand, unless explicitly stated, you don’t control the copyright when you buy a work of art. But it doesn’t seem like the market understands that. See: Spice DAO’s attempt to purchase the "Dune Bible" and create a new adaption for the screen based on the book. “From a legal perspective, when a buyer purchases an NFT attached to a copyrightable work, at most they may be purchasing a license to display the copyrighted work in a limited capacity,” IP attorneys Ryan W. McBridge and Silas K. Alexander wrote in a 2021 paper . “The copyright holder typically retains the rights of reproduction, adaptation, publication, and performance of the work. A person who buys an NFT cannot legally edit the digital asset and redistribute the work, even though they paid for it.” There are some exceptions to this. Yuga Labs has released full commercial rights to NFT holders for their entire collection, including Bored Apes . But this is only a license, and Yuga Labs still "owns" the IP for the Ape. In an August 2022 report , Galaxy Digital accused the NFT industry of "misleading" the public with its language around NFTs and ownership of copyright. “The arrangements between NFT issuers and token holders resemble a distinctly Web2 maze of opaque, misleading, complex, and restrictive licensing agreements,” the report said, with Alex Thorn, head of Galaxy Digital Research, telling Decrypt , there’s “a discrepancy between what the public thinks they\'re buying and what they\'re really buying”. A recent judgment in a court case between Yuga Labs and two artists it accused of making knockoffs of its NFTs (which are generated by an artificial intelligence algorithm) and infringing on its copyright further complicated the issue with the court refusing to weigh in on the topic of NFTs and copyright. “[The] defendants again want an advisory opinion from the Court about copyright and NFTs. But the standing requirement of Article III prevents exactly this use of federal courts to adjudicate hypothetical questions, just as it does in the defamation context, the ruling reads." Given this minefield, is this really a market that Amazon wants to double down on? Crypto gaming and gambling Blockworks’ report mentions that Amazon’s NFT effort might involve some sort of Web3 gaming engagement. A tantalizing possibility, considering that GameFi has a $10 billion market cap according to CoinGecko data . But Play to Earn – one of the more popular genres of Web3 gaming – has all sorts of legal pitfalls. In many markets in Asia, there are already specific laws, some first written 20 years ago, on the books involving trading gaming tokens for cash, as CoinDesk has previously reported . A 2004 game called Seatalk, which had a (physical) token component made the Korean government write specific laws prohibiting converting gaming tokens to cash. China banned it in 2007 after Tencent developed a virtual currency called QQ Coins, used in its online universe and exchangeable for Yuan. In Canada, lawyers at a firm called Osler highlighted in an October 2022 paper that the entire play-to-earn model might run afoul of the country’s gambling rules. “Generally, the Criminal Code prohibits games that are fundamentally premised on: the payment of money (or money’s worth) by the user; and the possibility that the user can earn money (or money’s worth) from playing,” they write. Lawyers at Washington, D.C.-based law firm Ifrah have also said that Play-to-Earn risks violating state and federal gambling law because of the need to pay something of value (the NFT) to participate. Can Amazon pull this off? All this isn’t to say that Amazon faces an impossible task. The company has access to almost infinite legal resources and compliance teams to create a version of Web3 that doesn’t run afoul of the law – despite there being limited legal guidance available and existing paradigms being regulatory and compliance hellscapes. Some might argue, citing a declining market for NFTs and the overall bear sentiment for crypto, that this is the time to do it. But entering at the bottom of the market can also create market momentum, and there’s nobody like Amazon with its scale in the Web2 world. Amazon entering this market would certainly legitimize it in the eyes of many, and it would be an important step in creating an institutional-grade asset out of NFTs. But first, they need to push through the regulatory challenges. Important events 3 p.m. HKT/SGT(7 a.m. UTC): Germany gross domestic product (Q4 preliminary/QoQ/YoY) 6 p.m. HKT/SGT(10 a.m. UTC): European Commission business climate report (January) 6 p.m. HKT/SGT(10 a.m. UTC): European Commission consumer confidence (January) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Core PCE Price Index Rose 4.4% in December; Aptos Labs CEO on Token Surge Crypto markets are processing the just-released PCE data showing that core inflation has continued to cool. The personal consumption expenditures (PCE) index rose 4.4% annually last month, compared to 4.7% in November. The report is the last major economic data to be released prior to the Fed\'s next rate hike decision. Joining "First Mover" to discuss was JMP Securities Director of Financial Technology Research Devin Ryan. Also joining was Aptos Labs co-founder and CEO Mohammad Shaikh. Headlines Sam Bankman-Fried Seeks Right to Transfer FTX\'s Crypto: Lawyers for the bankrupt crypto exchange\'s founder said there was no evidence for restricting his access to crypto held by FTX as part of bail conditions in a fraud trial. DOJ Claims Sam Bankman-Fried Tried to Influence Witness Testimony, Asks for Communications Ban: A court document filed by prosecutors on Friday alleges that Bankman-Fried messaged FTX US General Counsel Ryne Miller on Signal, asking to reconnect and “vet things with each other.” WazirX Says Binance Lied About Ownership as Dispute About India’s Largest Exchange Escalates: The back-and-forth about the ownership of WazirX could have a devastating effect on the Indian exchange and its users. Crypto Markets Analysis: Bitcoin, Ether Trading Activity Lessens as Investors Await FOMC’s Next Interest Rate Hike: Bitcoin and ether were trading around new areas of support; markets were quiet ahead of a likely 25 basis point rate increase. Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum: The utility token has rallied 50% in the past 24 hours and more than doubled since Wednesday ahead of the release of its widely anticipated beta version next week.', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tops $23.9K before retreating slightly amid ongoing investor optimism. But one market observer says the largest cryptocurrency by market capitalization could be due for a U-turn.\nInsights:Amazon is rumored to be unveiling an NFT initiative, part of the retail giant\'s larger push into Web3. The project could raise significant regulatory issues.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,120.88\n+36.7▲3.4%\nBitcoin (BTC)\n$23,762\n+636.4▲2.8%\nEthereum (ETH)\n$1,645\n+60.3▲3.8%\nS&P 500 daily close\n4,070.56\n+10.1▲0.2%\nGold\n$1,945\n+16.5▲0.9%\nTreasury Yield 10 Years\n3.52%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Continues Flying High ... for Now\nBy James Rubin\nOn the weekend before the U.S. central bank unveils its latest interest rate decision, crypto investors were in a buoyant mood.\nThey sent bitcoin as close to $24,000 as it\'s been since mid-August. The largest cryptocurrency by market capitalization topped $23,900 at one point Sunday before retreating to about $23,760, a nearly 3% gain over the past 24 hours. Markets have remained largely hopeful the past week despite sometimes conflicting economic data and worrisome fourth quarter earnings reports from some of the world\'s biggest brands.\nOn Friday, news from the inflation front tilted favorably with the U.S. Commerce Department\'s announcing that personal consumption expenditures (PCE) excluding food and energy in December had registered its most moderate annual rate increase since October 2021. The PCE, a key inflationary measure that the Federal Reserve weighs heavily in its monetary decisions, offered the latest evidence of a cooling economy, although it also showed services inflation remaining stubbornly resilient.\n"The decline in goods inflation is welcome, as it brings inflation closer to the [Federal Reserve\'s] 2% goal (for reducing inflation), but with services inflation still sticky, it highlights that the Fed has more work to do," First Republic Bank wrote in a weekly note to investors.\nStill, Joe DiPasquale, CEO of fund manager BitBull Capital, noted in a text to CoinDesk, that the Federal Open Market Committee (FOMC) was likely to follow through on a widely expected 25 basis point rate hike at its two-day meeting, which begins Tuesday. Investors\' hopes for this more dovish tilt in monetary policy after eight months of harsher increases have fueled much of January\'s surge in crypto prices and other risk assets.\nThe "more modest increase is part of the reason that many crypto prices have increased," DiPasquale wrote. "It’s seen as a positive economic sign and is now being baked into the demand for bitcoin. It has been positively correlated with the equities markets in recent years and the lower rate is a bullish sign for the stock market."\nEther, the second-largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green with MANA, the token of 3D virtual reality platform Decentraland, and SAND, the native currency of the metaverse game Sandbox, recently jumping more than 15% and 7%, respectively, and SOL, the token of the Solana blockchain, up 8.2%.\nTheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently spiked more than 3.3%.\nEquity markets furthered their upbeat January on Friday with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component, each closing up the better part of a percentage point. The S&P has reached its highest level in nearly two months, a reversal from its desultory 2022. Investors are cautiously optimistic about inflation and other macroeconomic uncertainties, even as such powerhouses as Amazon, Salesforce and Microsoft have announced job cuts in anticipation of an economic contraction.\nIn crypto news, the sad saga of Sam Bankman-Friedcontinuedon Friday with federal prosecutorsaskingU.S. District Court Judge Lewis Kaplan to ban the former CEO of FTX from communicating privately with current and former employees of the embattled exchange and its investment arm, Alameda Research. Prosecutors said Bankman-Fried had reached out to one former FTX employee in what they described as a thinly veiled attempt to “influence potential testimony."\nBitBull\'s DiPasquale said that current market conditions remain ripe for a turn lower after the weeks-long surge fueled by a short squeeze and investor optimism. "Investors might choose to take profits now given the downside potential after several weeks of gains, and the possibility that bitcoin may test $20k again in the near future," DiPasquale wrote.\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+15.3%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+8.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nAmazon Moves Into Web3. But Is the World Ready for Amazon Web3?\nBy Sam Reynolds\nAmazon is rumored to be unveiling a Web3 initiative, according to areport by Blockworks. What this project will look like when it materializes is unclear: It might involve gaming, a non-fungible token (NFT) marketplace or something in between.\nEither the regulatory complexity and uncertainty of doing this will kill the project before it begins, or Amazon has the size and scale to "make the market" on this and bring the Web3 economy into the mainstream.\nFlying blind?\nGenerally speaking, major blue-chip corporations have avoided Web3 because of legal uncertainties. Sure, there have been efforts by payment companies likeVisaandMastercardto integrate stablecoins into their networks, many crypto nodes arehosted on Amazon’s cloud service AWSand Big Tech and traditional finance (TradFi) firms areregular investorsin the crypto economy.\nBut this doesn’t mean they are stakeholders in the Web3 economy, embracing the ethos of decentralized ownership. Regulatory uncertainty and a lack of clarity interferes. Amazon’s efforts are potentially transformational if it can succeed, which will mean addressing the regulatory issues.\nAre NFTs securities?\nOne of the major issues that would deter Amazon from launching NFT endeavors is whether NFTs are securities.\nThat issue is currently before the courts in the case Friel v. Dapper Labs and has been debated by many great legal minds.\nThe consensus is, "Maybe, maybe not."\nInFriel v. Dapper Labs, the plaintiff, Jeeun Friel,arguesthat Dapper Labs’ NBA: Top Shot NFTs are securities because their value increases with the success of the project. Dapper Labs also controls the blockchain they are issued on, and takes a cut of every transaction.\nThe exchanges between Friel and Dapper alsoinvolve theories of vertical and horizontal commonality. Horizontal commonality analyzes if the value of each item, in this case, Moments, is independent or dependent on each other (investment contracts issued by the same company would move up and down in sync). Vertical commonality is the link between the value of the Moments and the success of Dapper.\n“The proceeds of investors’ purchases in Moments are pooled together in the hands of Dapper Labs, which uses the money to stir up interest in the Marketplace for Moments and build out its Flow blockchain, further driving interest, traffic and money to the NBA Top Shot platform,” the Plaintiffs argue, saying this represents horizontal commonality.\nRegarding vertical commonality, Dapper says in the court docket, “There is no vertical commonality because there is no link between the fortunes of each Moments collector and Dapper,” while the plaintiffs contend that the success of Dapper as a company relies on continued sales of these Moments in the secondary market and thus create vertical commonality.\nAs a recent article in theUNC School of Law’s North Carolina Banking InstituteJournal highlights, citing another instance of basketball clubs selling NFTs, the presence of a royalty would encourage the continued promotion and might satisfy the “vertical commonality test because the NFT owner’s fortune would be impacted by the GSW’s effort.”\nBut that doesn’t mean all NFT transactions would represent securities.In an article published on JD Supra, lawyers Gargi Chaudhuri and James Masella III argue that most buyers – even if expecting to resell the NFT for profit at a later date – are expecting the transaction to be complete at the time of purchase and are not expecting the NFT to evolve or improve over time.\n“Although the buyer may be interested in the value of the asset they own and hope to resell it at a later date for a profit, they did not invest in an ongoing, “common enterprise” that would pay the individual some share of profits, they write, cautioning that this is dependent on there not being an active secondary market for the NFTs.\nAt the same time, OpenSea, one of the largest NFT marketplaces, has been cautioning its staff to avoid using language reminiscent of securities,Fortune reportedlast year.Speaking with TechCrunch, a former Securities and Exchange Commission lawyer has said that these marketplaces could attract attention with a case involving the sale of unregistered securities, but nothing has happened yet.\nUncertainty is often a killer.\nWhat about copyright?\nCopyright and NFTs are a tough one.\nOn one hand, unless explicitly stated,you don’t control the copyrightwhen you buy a work of art.\nBut it doesn’t seem like the market understands that. See:Spice DAO’s attempt to purchase the "Dune Bible"and create a new adaption for the screen based on the book.\n“From a legal perspective, when a buyer purchases an NFT attached to a copyrightable work, at most they may be purchasing a license to display the copyrighted work in a limited capacity,” IP attorneys Ryan W. McBridge and Silas K. Alexanderwrote in a 2021 paper. “The copyright holder typically retains the rights of reproduction, adaptation, publication, and performance of the work. A person who buys an NFT cannot legally edit the digital asset and redistribute the work, even though they paid for it.”\nThere are some exceptions to this. Yuga Labs has releasedfull comm
**Last 60 Days of Bitcoin's Closing Prices:**
[16967.13, 17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-30
**Financial & Commodity Data:**
- Gold Closing Price: $1922.90
- Crude Oil Closing Price: $77.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,226,211,200
- Hash Rate: 269948142.5149194
- Transaction Count: 309909.0
- Unique Addresses: 667280.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DMG Blockchain Solutions Inc. VANCOUVER, British Columbia, Jan. 06, 2023 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces December 2022 preliminary mining results: DMG mined 104.6 bitcoin with 0.91 EH/s realized hashrate. DMG’s bitcoin balance as of December 31, 2022 was 454 bitcoin. Year in Review For DMG, calendar 2022 was an important year, as the Company transitioned towards becoming a full-fledged self-miner and is now much better positioned for the long-term. Core Strategy DMG nearly reached its bitcoin mining computational capacity goal of 1 EH/s at the end of calendar 2022. While we entered our 2022 financial year at about 15 PH/s, we exited at about 700 PH/s and nearly reached 1 EH/s at the end of the calendar year, as we have received almost all our miner deliveries from Bitmain. We have yet to receive our final 42 PH/s delivery of S19 XPs, and we plan to purchase additional miners using accumulated credits from Bitmain. We plan to provide more details about our additional purchases in the near future. To accommodate space for these new miners, as our Christina Lake mine building is full, we are setting up containerized mining on the property next to our substation, which will require very modest amounts of capital for interconnection of our previously purchased transformers to our existing distribution line as well as for the purchase of mining containers. As an update on our longer-term mining goals, we still plan to implement immersion cooling, from which we expect to achieve up to a 40% hashrate increase. However, our time frame for deployment will likely extend beyond our prior guidance for mid-calendar 2023. This is for two reasons: first, we are slowing our rate of spending given the current environment; and second, we will be performing more extensive testing before we commit to large scale conversion of our facility. This is because we have observed suboptimal performance from other miners that have rushed into immersion. Our objective is to lower our capital cost per hash implementing immersion by optimizing tradeoffs among overclocking gains, available electrical infrastructure, and operational efficiency in a variety of ambient conditions. In addition, we have deferred our goal for 2 EH/s of self-mining capacity to a time beyond the end of calendar 2023 given current market conditions. Story continues Based on our expectation of slow or no bitcoin network hashrate growth in coming months, assuming bitcoin pricing remains around current levels, we may still be able to grow our hashrate faster than the bitcoin network over the next 12 months with very limited and highly targeted capital investments. Unlike other miners that have taken on extensive debt and are restructuring, DMG has only added $1M of debt. The Company may consider raising modest amounts of additional debt, which would be focused solely on accelerating the deployment of our immersion cooling infrastructure. We believe immersion will become essential for bitcoin mining as the industry evolves. Core+ Strategy In our Core+ software, we have slowed our development pace due to market conditions. Our key objectives for Core+ going forward will be to: 1) grow our Terra Pool hashrate with a longer-term goal of reaching 10% network share; 2) create a carbon neutral BTC marketplace; and 3) actively transact bitcoin in a carbon neutral manner through Terra Pool using our Petra technology. We remain committed to these goals, as we believe achieving them will enable us to grow our Core+ revenue to be significantly larger in the long-term. We also plan to make our first Petra main-net bitcoin transaction soon. Petra enables financial institutions to transact bitcoin using carbon neutral energy sources, while DMG’s Walletscore technology ensures they are not commingling their bitcoin with transactions using wallets that have been blacklisted by the US Department of Treasury’s OFAC (Office of Foreign Assets Control). We believe the Bosonic Exchange could become a platform for transacting bitcoin using Petra technology and are in discussions with Bosonic to integrate. We expect more regulation and oversight in North America post-FTX. Assuming miners are not incorrectly classified as money services businesses or forced to perform know-your-customer checks on broadcasted transactions, we believe DMG should be a net beneficiary from increased regulation. Board of Directors This year, we built a new independent board, as Steven Eliscu moved into a management role from his initial Board seat. We also added three new directors, John Place, who brings a wealth of legal and public sector experience, Kelly Allin, who comes with an accounting and audit background and J.D. Abouchar, an entrepreneur and investor with a keen understanding as to how the right management team and strategy can deliver returns to shareholders. We are happy to have such a spectrum of experience being brought to bear as we weather the current environment. DMG 5-Year Public Company Anniversary Finally, we would like to thank the employees of DMG for their hard work, as it will be our five-year public company anniversary on Feb 10. It is because of their hard work that we have built a company that is well positioned for the future. In the near term, we will stay focused on building up our foundation of bitcoin mining along with our software, which we continue to believe offers great long-term potential. Grant of Stock Options DMG also announces it has granted 200,000 stock options (“Options”) to a Company director. The Options are exercisable for a period of five years at a price of $0.17 per share and will vest as to 25% on each of the six-, 12-, 18-, and 24-month anniversaries of the grant date. About Terra Pool Terra Pool (terrapool.io) is a cryptocurrency mining platform operated by DMG’s Blockseer software company. Terra Pool is the world's first Bitcoin mining pool focused on clean energy. The purpose of this initiative is to accelerate the shift from conventional power to clean energy and reduce the impact of Bitcoin mining on the environment. Terra Pool aggregates the computing power of individual miners and then shares the received rewards and transaction fees proportionally among them so that miners are rewarded more consistently. About DMG Blockchain Solutions Inc. DMG is an environmentally friendly vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG's sustainable businesses are segmented into two business lines under the Core and Core+ strategies and unified through DMG's vertical integration. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of Bitcoin, and future operating results could also be materially affected by the price of Bitcoin and an increase in hashrate mining difficulty. For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com Follow @dmgblockchain on Twitter and subscribe to DMG's YouTube channel . On behalf of the Board of Directors, Sheldon Bennett, CEO and Director For further information, please contact: DMG Blockchain Solutions Inc. Email: [email protected] Web: www.dmgblockchain.com Investor Relations Contact: CORE IR (516) 222-2560 For Media Inquiries: Jules Abraham, Head of Communications CORE IR (917) 885-7378 [email protected] Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding growth and expectations of the Terra Pool as well as its Petra and Walletscore technologies, developing and executing on the Company's products and services, the increase in Bitcoin self-mining and achieving its target of 1 EH/s, the expected arrival of new miners and the increased hashrate once the miners are installed and operating, implementation of immersion cooling and the expected increase in hashrate, development of the Core+ strategy, the Company’s plans and goals, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products and services; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products and services, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on www.SEDAR.com. In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, adverse weather and climate events, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of COVID-19 or other viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, increase in equipment and labor costs, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above....
- Reddit Posts (Sample): [['u/AwkwardDilemmas', 'Prepare for a pump tomorrow...', 12, '2023-01-30 03:56', 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/', "EDIT: Welp, the setup didn't last, and I've withdrawn my open market orders this morning. I'll wait for the next time.\n\n&#x200B;\n\nA couple of weeks ago, I predicted a 20% to 40% bump in HUT stock price (on the TSX), (after a weekend BTC pump of about 7%. We got 20ish%, lower than I though because I forgot that the US markets were not open on the Monday following the previous close.\n\nNot this time.\n\nI think we're looking at 4% to 8% (perhaps as much as 10%) gap on up on Monday morning (all markets, US and Can churning) and then a 10% to 20% further pump within the first three hours of the market.\n\nBut specifically, gap up to between 2.69 and 2.80 (all prices CAD), with continuation (one to three hours) to between 2.86 and 3.20.\n\nI'll be buying market at open (10K or so worth) for a short term snip of 10% to 20%. If there's no big pullback (and if BTC remains stable) I'll set a S/L somewhere reasonable and in the money.\n\nThe last time BTC was at this level, Aug 16ish, HUT was at 4.57. It' s not beyond the realm for HUT to reapproach this price.\n\n&#x200B;\n\nCounter indicators...\n\nBTC has just pulled back a bit, from a rise of 4.2% from close to (only) 2.8% presently. Reminder that HUT increased 20% as a result of a weekend BTC rise of 3.7% on Jan 9. If BTC falls significantly, I'' cancel my market order before open. If I'm in the green by 12pm EDT, I might ride out the minor corrections up through the FOMC meeting on Wednesday.\n\nI think this week's action can be very profitable. That's MY research.", 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/', '10oqsej', [['u/Mr2BOBOCATS', 13, '2023-01-30 04:49', 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/j6gimgl/', '10k shares on the TSX are in for this ride. But don’t wake me up until they’re north of $15 a share.', '10oqsej']]], ['u/Flurb789', 'just calculated my household net worth. we have 5% in bitcoin', 98, '2023-01-30 04:00', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/', 'how much do you guys have as a % of net worth?', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/', '10oqvbn', [['u/DatBuridansAss', 75, '2023-01-30 04:13', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gdmy8/', 'Over 80%', '10oqvbn'], ['u/Upset-Location-6460', 36, '2023-01-30 04:18', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gecrv/', 'Everything except one year living expenses in cash.', '10oqvbn'], ['u/Flurb789', 10, '2023-01-30 04:24', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gf990/', 'well done', '10oqvbn'], ['u/satoshisfeverdream', 27, '2023-01-30 04:41', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6ghkxn/', 'Gotta pump those numbers..those are rookie numbers.', '10oqvbn'], ['u/Flurb789', 11, '2023-01-30 04:47', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gib4n/', "i mean...i'm including my house/mortgage in my net worth calc...", '10oqvbn'], ['u/Any-Cartographer4771', 31, '2023-01-30 05:07', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gktno/', 'Nice try, IRS', '10oqvbn'], ['u/A_Successful_Loser', 43, '2023-01-30 06:22', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gt3zw/', 'Did he stutter', '10oqvbn'], ['u/life762', 15, '2023-01-30 07:38', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h03pl/', "That's what the net worth equation is... Total assets minus total liabilities.", '10oqvbn'], ['u/bobbytabl3s', 12, '2023-01-30 08:01', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h1z6z/', "Maybe he doesn't have one?", '10oqvbn'], ['u/zaphod153', 36, '2023-01-30 09:42', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h9ho3/', '- real estate 11%\n- stocks 16%\n- bitcoin 64%\n- other assets 9%\n\nhow am I doing?', '10oqvbn'], ['u/DmG90_', 13, '2023-01-30 09:42', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h9jcb/', "There's a reason I'm on Bitcoin, I was never able to buy a home (even when my current rent has always been higher than a down-payment), I have zero to no financial growth before I learned about Bitcoin.\n\nSo here I am enough to get a loan, but not without cashing everything. My gut is telling me to double down on Bitcoin, and that's exactly what I've been doing past years", '10oqvbn']]], ['u/kaiju505', 'One thing I can’t get over. I have a bachelor’s in physics, 90% of a masters in nuclear engineering, a slave to some guy who bought a ton of bitcoin to buy drugs on Silk Road.', 126, '2023-01-30 04:01', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/', 'I quit grad school because I couldn’t keep down ramen anymore and web development started to pay off, this was right after Fukushima and everyone was saying they were going to close all of the nuke plants. I feel like every industry I try to join dies a horrible death. Guess who got their commercial pilot’s license in 2008… lmao this guy! Now I’m a web developer working for a guy woul got rich buy buying a shit load of bitcoin so he could, and I quote “buy phat fucking stacks of coke off of Silk Road bro”. I do astronomy as a hobby, I see all of the vast unknowable expanses of the universe around me and honestly, if aliens abducted me, it would be the single greatest thing that ever happened to me. Life on this single isolated mote of dust is horrifically tedious', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/', '10oqvqm', [['u/Adolfo1980', 46, '2023-01-30 05:44', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gp52x/', 'Holy shit, what did I just read?', '10oqvqm'], ['u/Any-Wall-5991', 27, '2023-01-30 06:02', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gr1dw/', 'Wild ride start to finish', '10oqvqm'], ['u/banky33', 24, '2023-01-30 06:48', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gvo24/', "If it's any consolation, you'll both be dead and rotting in the ground one day. \n\nFinish that last 10% -- YOLO (but actually)", '10oqvqm'], ['u/FridayMcNight', 21, '2023-01-30 08:07', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6h2gmd/', "> Guess who got their commercial pilot’s license in 2008…\n\nYour peers who continued after the Colgan rule change are probably Captains at legacy carriers now. Professional aviation had a setback... it didn't die a horrible death.", '10oqvqm'], ['u/thatcatfromgarfield', 22, '2023-01-30 10:13', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6hbq81/', "Damn I know this doesn't help at all but all that stuff you did sounds hella cool... but yeah sucks that capitalism forces the thinkers/learners to work under those who happen to possess more than they do (no qualifications needed to be an employer except money most of the time)", '10oqvqm'], ['u/ThrowAwayWasTaken999', 18, '2023-01-30 13:14', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6hp7jf/', 'Dude, you have enough skills that you could be making a ton of money.\n\nDon’t commercial pilots make like 200-250k?\n\nYou could also do some freelance coding with that.\n\nOr go check out r/overemployed', '10oqvqm']]], ['u/Omni-Fitness', 'Am I biased for thinking most non-EVM based stuff in Web3 is sketchy?', 18, '2023-01-30 04:15', 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/', "I've been a long time Ethereum developer, and I have always held this belief: anything non-EVM based protocol or chain outside of Bitcoin, Ethereum, and maybe Chainklink should generally be avoided.\n\nSome stuff is certainly legit (e.g. application-focused Cosmos chains), but all if it is too centralized, isn't it?\n\nOr am I just being biased?", 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/', '10or6yq', [['u/FoxLeDev', 20, '2023-01-30 09:33', 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/j6h8vqd/', 'Oh, you know, most EVM based stuff is sketchy too.', '10or6yq']]], ['u/Double_Pride9258', 'Will bitcoiners be the beneficiaries of the Cantillon Effect if central banks adopt bitcoin as a reserve asset?', 23, '2023-01-30 05:12', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_beneficiaries_of_the/', 'It just occurred to me that if central banks print money to buy bitcoin, even if its not publicly known, inflation of all money relative to bitcoin will be extreme. This will be seen as a volatile movement or institutional adoption. Then, when it is made public there will be a run to buy more bitcoin.\n\nThis might have been covered in a book. But this leads me to believe hyperbitcoinization will be very dramatic. Is there a case where central banks dont print money to buy bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_beneficiaries_of_the/', '10oscp0', [['u/helicopterjoee', 29, '2023-01-30 05:58', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_beneficiaries_of_the/j6gqnkn/', 'Yes early adopters will have an advantage, but thats only natural because they took a huge risk by putting their money into bitcoin. And yes at some point central banks probably will start accumulating bitcoin by printing money. However, they can do this only once and by doing that they are giving up control about their own currency with no turning back.', '10oscp0'], ['u/IKnowWhoYouAreGuy', 18, '2023-01-30 07:33', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_beneficiaries_of_the/j6gznhp/', "This happens daily. You think blackrock financial will post their premarket manipulations to reddit for you to conveniently consider before they leak out to their friends and then the news? You shouldn't be thinking about how much fiat bitcoin will be worth, you need to think about how many eggs you can buy when inflation passes the breaking point and a wheelbarrow of bills means nothing to the farmer", '10oscp0']]], ['u/AutoModerator', '[Daily Discussion] - Monday, January 30, 2023', 36, '2023-01-30 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/', '10ot9wf', [['u/Zirup', 25, '2023-01-30 06:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6gv8og/', "January chart is a thing of beauty... Bollinger bands keep squeezing up... Calling a reversion now is like calling a reversion at 18k or 21k, it just hasn't worked out. Fuck the Fed, don't fight the trend.", '10ot9wf'], ['u/cryptojimmy8', 12, '2023-01-30 07:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6h0ow3/', 'Man I miss these epic bull market pumps for some action. I mean this is not bad and probably healthier but my dopamine receptors need some more juice', '10ot9wf'], ['u/st3alth247', 10, '2023-01-30 11:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6hj2yb/', 'A really, really buge BGD and a BJ at the same time, sitting in a Porsche, while you have a phat leverage long. And a bit of coke', '10ot9wf'], ['u/Leoforic', 10, '2023-01-30 14:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6hxpoh/', 'Prolly back to 18', '10ot9wf'], ['u/xtal_00', 17, '2023-01-30 15:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6i4ltf/', "It would take a significant market movement to drop back there. Anything is possible, it just isn't likely, IMO.", '10ot9wf'], ['u/DamonAndTheSea', 17, '2023-01-30 18:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6ir7vo/', 'Twitter Nostradamus makes vague proclamation to farm engagement. There’s nothing substantive here. Is this truly interesting?', '10ot9wf'], ['u/gore_skywalker', 10, '2023-01-30 20:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6jc2kz/', 'It’s 99% priced in. The wild card is the speech.', '10ot9wf'], ['u/autistictheory', 11, '2023-01-30 20:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6jhngy/', 'the price of bitcoin goes up and down but the amount of satoshis I have keeps going up. thats crazy', '10ot9wf'], ['u/PsychologicalAd438', 12, '2023-01-30 20:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6ji5i2/', 'Dump before the FED remakes pump on 1FEB', '10ot9wf'], ['u/PsychologicalAd438', 13, '2023-01-30 20:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6jiujv/', 'The game is rigged. The insiders and banksters already know the what’s in the speech. My guess is it goes now so they make more money when it goes up.', '10ot9wf'], ['u/gozunker', 23, '2023-01-30 21:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6jof9v/', 'Don’t worry fellas if this thing falls through $20k I’ll be there to buy 0.001 coin and reverse the trend', '10ot9wf'], ['u/AKANotAValidUsername', 16, '2023-01-30 22:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/10ot9wf/daily_discussion_monday_january_30_2023/j6jugsf/', 'not with gozunkers absolutely massive 0.001 buy wall sitting there absorbing all the sellers', '10ot9wf']]], ['u/bpenrod8908', 'Trend is your friend. Weekend BTC trades', 177, '2023-01-30 06:46', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/', 'FVG can really help identify areas to scale out and add back to your position.', 'https://i.redd.it/gimitgpau5fa1.jpg', '10ou54l', [['u/Volatile23181', 52, '2023-01-30 08:22', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6h3liu/', "Bruh you are defeated the purpose of paper trade, use the quantity which you are going to in real life. Big numbers will give you wrong impression. Don't do that.", '10ou54l'], ['u/regardead', 78, '2023-01-30 09:01', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6h6juy/', '20$ moves on btc...\n\nactual brokers have spread around 12$\n\nonly way you would have made profit on that is if you used feeless spot on binance, but you would need 5btc to make just 100$', '10ou54l'], ['u/MissDais', 12, '2023-01-30 11:20', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6hgazy/', 'You traded like 20-50 dollars movement on btc. on bybit the fees are 0,12 % round trip. Suggest u try n trade bigger movements', '10ou54l'], ['u/Sufficient-West-5456', 14, '2023-01-30 12:41', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6hmbpc/', 'Exactly', '10ou54l'], ['u/mushykindofbrick', 13, '2023-01-30 13:42', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6hrxbt/', 'tradingview mobile does not support broker trading yet', '10ou54l'], ['u/Xander_Codes', 61, '2023-01-30 14:55', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6i00ez/', 'Someone correct me if I’m wrong but, this post is effectively meaningless?\n\nMost brokers will have sufficient spreads that ur never making money on 20$ BTC moves… \n\nAnd you’re gonna need a huuuge balance to make these position sizes on places like binance/kucoin. \n\nThis is the downside to paper trading, it looks like you’ve learnt something and you’re potentially gonna make money, but if you actually took these trades for real you’d lose every one (I think)', '10ou54l'], ['u/yashptel99', 13, '2023-01-30 17:47', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6iot86/', 'Or you can just hold...\n\nhttps://preview.redd.it/8uc86xox39fa1.png?width=1899&format=png&auto=webp&v=enabled&s=2ba4c38d83a3a4ea7aa27323d0b1e79c9080cf37', '10ou54l'], ['u/v3rral', 10, '2023-01-30 21:13', 'https://www.reddit.com/r/Daytrading/comments/10ou54l/trend_is_your_friend_weekend_btc_trades/j6jlxv9/', 'Yup, that’s why paper trading is almost useless. It helps a little bit with price action but doesn’t help with reality of spreads, fees, slippage etc.', '10ou54l']]], ['u/rBitcoinMod', 'Daily Discussion, January 30, 2023', 51, '2023-01-30 07:03', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10o0m1c/daily_discussion_january_29_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/', '10oufw8', [['u/omx5o', 11, '2023-01-30 10:27', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/j6hco88/', 'Straight after 39k', '10oufw8'], ['u/Themos1980', 21, '2023-01-30 10:42', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/j6hdpgt/', "Got into BTC in 2021 about 3 months before the ATH. Obviously being completely new to the concept, I was shitting myself every time it plummeted. Now I'm relatively still new but I can tell that a lot has changed because during the last few days of upswing I'm a bit disappointed that it's getting more expensive to buy whereas this sudden drop has gotten me excited. Go figure.", '10oufw8'], ['u/MinimalGravitas', 12, '2023-01-30 11:03', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/j6hf4wp/', "Check out the 'witness' section of this block: https://blockstream.info/tx/9905c43cabe642666e43bd1c059d9093b96204330a2eeb33ac22b7142b1d57ed?expand\n\n\nSome people are calling for censorship of this type of transaction, which is what the 'NFT debate' is about.\n\nTo understand the issue better I suggest having a read of: https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions", '10oufw8'], ['u/PheelGoodInc', 20, '2023-01-30 16:48', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/j6ifnrt/', 'You buttcoiners have been saying this since BTC was 500 bucks.', '10oufw8'], ['u/Crypt0fart', 15, '2023-01-30 18:49', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/j6iyqw9/', 'GET YOUR COINS OFF THE EXCHANGES ✌️', '10oufw8'], ['u/PheelGoodInc', 10, '2023-01-30 19:47', 'https://www.reddit.com/r/Bitcoin/comments/10oufw8/daily_discussion_january_30_2023/j6j8379/', 'Do some research (or use some common sense).\n\n[https://casebitcoin.com/critiques/bitcoin-is-pumped-by-tether](https://casebitcoin.com/critiques/bitcoin-is-pumped-by-tether)\n\n[https://www.theheldreport.com/p/dont-fear-tether](https://www.theheldreport.com/p/dont-fear-tether)\n\n[https://www.youtube.com/watch?v=rV2YIIv0uDo](https://www.youtube.com/watch?v=rV2YIIv0uDo)\n\n[https://www.youtube.com/watch?v=SsmurH57WOU](https://www.youtube.com/watch?v=SsmurH57WOU)\n\n[https://www.youtube.com/watch?v=iKP-CW9efs0](https://www.youtube.com/watch?v=iKP-CW9efs0)\n\nMaybe one day you will realize how much BS info buttcoiners have fed you. You will realize had you simply invested instead of believing FUD you would have been much better off.', '10oufw8']]], ['u/Alternative_Laugh811', 'FTX/ blockfi victims', 10, '2023-01-30 07:59', 'https://www.reddit.com/r/blockfiunlocked/comments/10oveme/ftx_blockfi_victims/', 'We played ourselves and lost our life savings. Are we going back down the slow and painful road of accumulating Bitcoin?', 'https://www.reddit.com/r/blockfiunlocked/comments/10oveme/ftx_blockfi_victims/', '10oveme', [['u/pickle_lily', 15, '2023-01-30 10:06', 'https://www.reddit.com/r/blockfiunlocked/comments/10oveme/ftx_blockfi_victims/j6hb6yu/', "Yes! And store it properly this time. The thought of stacking again is a head wrecker. However, I'm confident in both BTC and ETH and so it's a must", '10oveme']]], ['u/serendipity7777', 'How Binance is manipulating BNB, BUSD and TRON in broad daylight', 43, '2023-01-30 08:35', 'https://www.reddit.com/r/Buttcoin/comments/10ow0ab/how_binance_is_manipulating_bnb_busd_and_tron_in/', 'You can loan any cryptocurrency you want when to short as a simple rule of an open market, while paying daily interest.\n\nHowever, you CANT loan/short BUSD. During the Binance debacle, they DISABLED BNB loan/shorting.\n\nAnd currently, loaning/shorting BNB or TRX (Tron or Justin their shady friend) will cost 0.3% and 0.1% daily interest, compared to 0.01% for Bitcoin or other tokens (30 times and 10 times more).', 'https://www.reddit.com/r/Buttcoin/comments/10ow0ab/how_binance_is_manipulating_bnb_busd_and_tron_in/', '10ow0ab', [['u/HopeFox', 29, '2023-01-30 09:15', 'https://www.reddit.com/r/Buttcoin/comments/10ow0ab/how_binance_is_manipulating_bnb_busd_and_tron_in/j6h7mx2/', 'To be fair, butters wouldn\'t understand price manipulation if Binance just stuck a Post-it note on a wall somewhere saying what today\'s prices were. They\'re not exactly "sophisticated investors".', '10ow0ab']]], ['u/Dumb-Hansen', 'Is Kurt Wuckert preparing to abandon ship?', 16, '2023-01-30 10:05', 'https://www.reddit.com/r/bsv/comments/10oxeow/is_kurt_wuckert_preparing_to_abandon_ship/', 'Looks like Kurt Wuckert is about to start LARPing as a BTC:er again.\n\n[https://twitter.com/Arthur\\_van\\_Pelt/status/1619972772259823622](https://twitter.com/Arthur_van_Pelt/status/1619972772259823622)', 'https://www.reddit.com/r/bsv/comments/10oxeow/is_kurt_wuckert_preparing_to_abandon_ship/', '10oxeow', [['u/nullc', 13, '2023-01-30 11:25', 'https://www.reddit.com/r/bsv/comments/10oxeow/is_kurt_wuckert_preparing_to_abandon_ship/j6hgpc0/', "He and a number of other paid BSV shills have long gone through cycles of pretending to be Bitcoin advocates in order to build up followers.\n\nNo one wants to hear what krusty has to say, so he has to pretend to be something else to build up the audience he's being paid to deceive and defraud.", '10oxeow']]], ['u/Powerful_Earrr', 'How much BTC are you trying to own?', 57, '2023-01-30 10:10', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/', "Do you have a target/goal you're trying to reach?", 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/', '10oxhkj', [['u/neyoless', 21, '2023-01-30 10:23', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hcd9n/', '21 million', '10oxhkj'], ['u/dlq84', 185, '2023-01-30 10:25', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hcjg5/', 'As close to 21M as I can get.', '10oxhkj'], ['u/joses5711', 23, '2023-01-30 10:36', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hd9uw/', '100 million Sats', '10oxhkj'], ['u/Popular_District9072', 14, '2023-01-30 11:35', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hhcwg/', "the goal is being constantly adjusted, as I'm meeting my targets", '10oxhkj'], ['u/DylanTea-', 23, '2023-01-30 11:37', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hhheh/', '1 btc is more than enough for me.🙏', '10oxhkj'], ['u/Mammoth-Avocado-5454', 34, '2023-01-30 11:39', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hhmvg/', 'I hope 1 BTC before the bull run 2024-2025', '10oxhkj'], ['u/ptmplop', 41, '2023-01-30 11:41', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hhrpy/', 'Enough to cause ripples if I suddenly sell it', '10oxhkj'], ['u/WavemanKnows', 52, '2023-01-30 12:32', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hlmmp/', 'More than 0.05 btc by the end of the year', '10oxhkj'], ['u/BUY___BITCOIN', 91, '2023-01-30 12:59', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hnws3/', 'I always want more. DCA is addictive AF', '10oxhkj'], ['u/DryTechnology5224', 15, '2023-01-30 13:56', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6htc47/', 'Current goal is 4.20 btc', '10oxhkj'], ['u/EyesFor1', 16, '2023-01-30 14:30', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hwyoa/', 'treefiddy', '10oxhkj'], ['u/ChasmoGER', 44, '2023-01-30 14:30', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hx1yn/', "Until you've got 1, then you want another one.", '10oxhkj'], ['u/SatoshisVisionTM', 18, '2023-01-30 14:34', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hxiag/', 'google: "420 urban dictionary"', '10oxhkj'], ['u/Cautious_Audience225', 18, '2023-01-30 14:39', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6hy426/', '1 billion sats is only 10 bitcoin. It’s still possible to become a “billionaire” in the new currency. I treat every sat as if it were a dollar because I’m quite sure over a long enough period, each sat will be worth a lot more than just 1 dollar.', '10oxhkj'], ['u/parrocat5', 15, '2023-01-30 15:08', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6i1nz8/', 'I wanna have 1 BTC', '10oxhkj'], ['u/Romsel87', 25, '2023-01-30 15:30', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6i4hcm/', 'Four. One for myself, one for wife, one for daughter, one for son.', '10oxhkj'], ['u/Orly5757', 45, '2023-01-30 15:33', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6i4ue9/', 'Obviously as much as possible. Meaningful targets are:\n\n.26 (guaranteed to own more than 99% of population)\n\n1 (whole coiner)\n\n2.1 (one ten-millionth of supply)\n\n3.125 (next block reward)\n\n6.15 (ERABTB)\n\n6.25 (current block reward)\n\n10 (octopus)\n\n12.5 (last block reward)\n\n21 (millionth of supply)\n\nEdited to add suggestions of 2.1 and 21.', '10oxhkj'], ['u/CiderHouseRulz', 28, '2023-01-30 16:01', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6i8tux/', 'Only sane answer!', '10oxhkj'], ['u/srpoke', 19, '2023-01-30 18:06', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6irtgk/', 'How come you don’t have 2.1 and 21', '10oxhkj'], ['u/Orly5757', 16, '2023-01-30 18:38', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6iwwp8/', 'It’s a but embarrassing to write out. 6.15 bitcoin will guarantee you “Eternal Riches And Big Tittied Bitches.” It’s a popular bitcoin meme that is a bit off-color, but all in fun. Famous Bitcoiner American HODL came up with it and it sort of just became part of the lexicon.', '10oxhkj'], ['u/StiltonG', 20, '2023-01-30 19:02', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6j0s6i/', "> I’m quite sure over a long enough period, each sat will be worth a lot more than just 1 dollar.\n\nIDK, I hope so, but that would mean 1 BTC > $100 Million, so I wouldn't hold my breath for that to happen :) Maybe in 40-50 years? Who knows.\n\nA more reasonable goal which could quite possibly happen in the next 10-12 years or so would be 1 Sat = 1 cent (ie. when 1 BTC = $1 Million). That's something IMO that could happen as early as 2028-2029 after the 2nd halving from now, but realistically more likely 2032-2033 after the 3rd halving cycle from now.", '10oxhkj'], ['u/Orly5757', 10, '2023-01-30 20:03', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6jap7u/', 'Right. That’s definitely the holdup on adoption. I think you figured it out. For God’s sakes, let’s learn to take a joke.', '10oxhkj'], ['u/The-Francois8', 11, '2023-01-30 20:07', 'https://www.reddit.com/r/Bitcoin/comments/10oxhkj/how_much_btc_are_you_trying_to_own/j6jbexk/', 'I think 2.1 should be a level. 1 millionth.', '10oxhkj']]], ['u/partymsl', 'There is less greed during the current rally than a similar rally like this that we had after the 2018 bottom formed. This could possibly be very good.', 271, '2023-01-30 14:27', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/', 'One very simple trait that all of us here have is to try to know or predict when the next bounce/dump will happen and when this rally or bear rally will actually end. Thats completely normal for us humans to try and predict the future and thus feel some more sense of security. Now as we just had this crazy 40% rally this month we should try to analyse how sustainable it actually was.\n\nTo do that, we have to look at the sentiment here. It is very obvious that once we go towards some euphoric sentiment, the rally is near its end and if we are in disbelief there is a chance that the rally may presume. There is no real metric that can actually say that but we have a metric that tries to guess it and is widely known: The Fear and Greed index.\n\n&#x200B;\n\n[Metric from lookintobitcoin ](https://preview.redd.it/8i2zse2nm6fa1.png?width=2100&format=png&auto=webp&v=enabled&s=e69a29400d4e455dbd2d081f35ae9a6f5688e4da)\n\nThis chart has overlayed the Fear and Greed index with the BTC price which gives us a greater sense to compare it. Currently we are in the Greed area with a score of 55 out of 100, this is highest since about 10 months. If we want to really know what kind of sentiment it is, the best way is to compare it to similar scenarios and the 2018 bottom formation could be very similar.\n\nNow looking back then, a rally from $3.5k to $4k lifted the F&G index from 21 to 69 and that was not it, after a small correction it got lifted to over 60 again and remained there constantly. The same could happen now ,even if we did not even reach the same heights, a small correction and then a lift back up. Anyway our current F&G score leaves a lot of upside in relative to other bear market rallies', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/', '10p21es', [['u/Primary_Technical', 14, '2023-01-30 14:29', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hwxpm/', 'Yeah i was checking the same thing after the recent post about fear and greed index . Although the index can stay at a place for long times but still a good relation to point out . I think when it crosses the 24-25k zone , greed will rise substantially near the 28k zone .', '10p21es'], ['u/Maxx3141', 15, '2023-01-30 14:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hx07w/', "I don't know if you are new here, but this sub becoming bullish is not that good of a sign.", '10p21es'], ['u/Castr0-', 13, '2023-01-30 14:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hx26l/', 'good news just what we needed after 2022', '10p21es'], ['u/surrender_the_juice', 10, '2023-01-30 14:31', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hx4sz/', 'I’ve found there are only two scenarios.\n\nIt’s either very good or very bad.', '10p21es'], ['u/StrangelyBeige', 14, '2023-01-30 14:34', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hxgba/', 'I think a decent chunk of people still in this market are very cautious after the year we’ve experienced and also the economic outlook we are facing. Whilst I think we were pretty undervalued until recently, I can’t see much in the way of significantly higher prices for a good 12 months or so.', '10p21es'], ['u/kilo6ronen', 152, '2023-01-30 14:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hxlqt/', 'As much as I love crypto I don’t think we’re out of the woods yet given the state of the economy and global situation. \nIt’s hard to believe at this stage people will run to crypto when most of their income is funneled towards keeping a roof over their head', '10p21es'], ['u/chance_waters', 10, '2023-01-30 14:55', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6hzyfk/', "It's not regular investors who set the price of Bitcoin, it's institutional investors and humpback whales.", '10p21es'], ['u/ChemicalGreek', 35, '2023-01-30 15:13', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6i2bt6/', 'Fed meeting is around the corner so I expect some dump…', '10p21es'], ['u/roboglobe', 47, '2023-01-30 15:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6i6ctc/', "Isn't there always a fed meeting around the corner?", '10p21es'], ['u/Tatakae69', 31, '2023-01-30 16:16', 'https://www.reddit.com/r/CryptoCurrency/comments/10p21es/there_is_less_greed_during_the_current_rally_than/j6iaxz2/', "Apparently there's always a corner for fed meetings", '10p21es']]], ['u/fiveonethreefour', 'Say I reveive 1 BTC. How many confirmations before I can send it to someone else?', 34, '2023-01-30 16:02', 'https://www.reddit.com/r/BitcoinBeginners/comments/10p4xb0/say_i_reveive_1_btc_how_many_confirmations_before/', 'What happens if I send it to someone else and the original tx is reversed?', 'https://www.reddit.com/r/BitcoinBeginners/comments/10p4xb0/say_i_reveive_1_btc_how_many_confirmations_before/', '10p4xb0', [['u/FieserKiller', 36, '2023-01-30 16:23', 'https://www.reddit.com/r/BitcoinBeginners/comments/10p4xb0/say_i_reveive_1_btc_how_many_confirmations_before/j6ibwsg/', "0. you can send it to someone else before original transaction confirmed. the network will make both confirm in the correct order.\n\nif orginal transaction is replaced or never confirms because of to low fee the second one won't confirm as well because its inputs don't exist.", '10p4xb0']]], ['u/mojojojo_joe', 'ABTC Prepares for Commissioning of Lithium-Ion Battery Recycling Plant with Onboarding of Key Operations Team Leadership', 65, '2023-01-30 16:11', 'https://www.reddit.com/r/americanbattery/comments/10p55mn/abtc_prepares_for_commissioning_of_lithiumion/', '[ABTC continues to hire exceptional leaders!](https://americanbatterytechnology.com/press-release/abtc-prepares-for-commissioning-of-lithium-ion-battery-recycling-plant-with-onboarding-of-key-operations-team-leadership/)\n\n* Previously serving as the General Manager of Electrode Manufacturing at the Battery Gigafactory in Sparks, Nevada for **Panasonic Energy North America**, Kevin Gagnon has joined ABTC as its Battery Recycling Plant Manager.\xa0\n* After spending the previous five years working at **Tesla** leading Environmental, Health, and Safety (EHS) operations at the Battery Gigafactory in Sparks, Nevada, Dan Lieber has joined ABTC as its Senior Manager of EHS.\n* Mike Banks, who recently worked as a Production Engineering Supervisor and Associate Manager for **Tesla** at the Battery Gigafactory in Sparks, Nevada, has joined ABTC as its Operations Maintenance Manager.', 'https://www.reddit.com/r/americanbattery/comments/10p55mn/abtc_prepares_for_commissioning_of_lithiumion/', '10p55mn', [['u/crazy_goat', 14, '2023-01-30 16:45', 'https://www.reddit.com/r/americanbattery/comments/10p55mn/abtc_prepares_for_commissioning_of_lithiumion/j6if83r/', 'Its_happening.gif', '10p55mn'], ['u/ImportanceExpress210', 13, '2023-01-30 16:49', 'https://www.reddit.com/r/americanbattery/comments/10p55mn/abtc_prepares_for_commissioning_of_lithiumion/j6ifus4/', "If Ryan keeps poaching Tesla employees at this rate, Elon's going to be forced to take action.", '10p55mn'], ['u/Marley_2021', 19, '2023-01-30 17:16', 'https://www.reddit.com/r/americanbattery/comments/10p55mn/abtc_prepares_for_commissioning_of_lithiumion/j6ijx3k/', 'Even though progress has been slow. Things are moving in the right direction. I am excited about where ABML is heading.', '10p55mn']]], ['u/NekkerBE', 'What are you pro/contra arguments against crypto', 14, '2023-01-30 16:13', 'https://www.reddit.com/r/BEFire/comments/10p57o6/what_are_you_procontra_arguments_against_crypto/', "I've been reading a lot the last couple of months on this sub. Generally, when crypto gets brought up, it's pretty clear that a majority of people are heavily against it. Another group perceives it as a very risky investment, but tends to agree you can put a little into it, 'just in case'. But I think we all can agree majority wouldn't put a dime in it. While I respect it, somehow I don't really understand it. I know that some of the people who are really against it and just don't believe it, have been doing very well financially. Which makes me believe that there are some good arguments from them. I would love to hear them.\n\nBut foremost, I want to make a case why I do believe crypto has an authentic use case in the future. And by that, I don't think that the +20 000 coins will still exist or contribute to it. I want to make a case for the two biggest one, also the only two I have in my portfolio. Of course, I'm talking about BTC and ETH. I'm not going to go too much into BTC for the simple reason everybody knows what it is, and what people think it's purpose will turn out to be in the future. I think ETH is just the more interesting one in crypto world. Furthermore, I think most of us would agree that the future consumption of goods will be more and more in digital form. Our workplaces will become more and more virtual. The way we buy a house will not be authenticated any more by a notary, but by sort of NFT meets smart contract. And there are many more use cases I can't even think of, or are yet to be discovered. All this will work in blockchain technology. And at this moment, Ethereum has the biggest chance of becoming the main system where this all works on. Making it bigger than Google, Apple, Meta,... combined. I know it's cliché to repeat, but at the beginning of the big internet boom, everybody thought it was just a bubble. And to some degree it was, because there were so many companies fighting for the same thing. So at some point it needed to collapse. Isn't this somehow the same, where it's just a matter of time before 99% of all these coins crash and only a few one with superior blockchain technology live and be very successful? \n\nIn my search for information, I came across posts and quotes of one Nobel Prize winner laughing at the idea of the telephone. Another one was mocking the idea of e-mail. Yet, here we are. In a world where these technologies are not only standard, but we couldn't live without them any more. Is it that unbelievable that Ethereum and his technology might be the next big thing for decades? \n\nI know of the negative sentiment. But I honestly just want a good discussion and if anyone has some good arguments against it, I love to hear them. It's not a fight, it's not something I believe is written in stone already.", 'https://www.reddit.com/r/BEFire/comments/10p57o6/what_are_you_procontra_arguments_against_crypto/', '10p57o6', [['u/I_love_big_boxes', 21, '2023-01-30 17:15', 'https://www.reddit.com/r/BEFire/comments/10p57o6/what_are_you_procontra_arguments_against_crypto/j6ijvbm/', "I think it's the most thorough explanation on the subject (Line goes up - Folding Ideas):\n https://www.youtube.com/watch?v=YQ_xWvX1n9g\n\n> The way we buy a house will not be authenticated any more by a notary\n\nI think you don't realize what the blockchain is: \n- The Blockchain is a technology that makes it possible to build a **decentralized** log of records.\n\nYou need to realize that the Blockchain novelty is the ability to **decentralize trust**. Everything else about blockchain already existed. The automatic execution of law doesn't need blockchain. For example, you can receive speed tickets in your mailbox without any policeman involved. Is this blockchain powered? Absolutely not. Most use cases of crypto are merely use cases for technology.\n\nFurthermore, decentralizing trust has very few use cases. I can't even think of one right now. You'll probably say crypto coins... But when was the first time you used coins to buy something in a store? You never did. You used a fiat currency. When was the first time you used a NFT to prove ownership of anything? You never did. You referred to some ownership certificate generated automatically by a government service.\n\nThe government doesn't want to decentralize its power, for the most part. You can build all the blockchain you want, you can't take away legal power from the state.\n\n**How is your crypto investment benefitting from a perfect Blockchain system that solves problem X?** You would need a system that would accept your coins as a currency. Why would the people solving X use your coins... or coins at all? They most probably would build a whole new blockchain.", '10p57o6'], ['u/GentGorilla', 14, '2023-01-30 17:17', 'https://www.reddit.com/r/BEFire/comments/10p57o6/what_are_you_procontra_arguments_against_crypto/j6ik49d/', "I hold small amounts of crypto myself, but also do smart contract development as a side gig.\n\nIMO you need to distinguish between blockchain as a technology and crypto. The tech works great, but a lot of applications don't need crypto per se will be run on a private blockchain.\n\nBitcoin / stable coins have an actual use case IMO. It does allow for fast global money transfers. Anyone who has ever tried a money transfer outside of SEPA probably knows what fuckery can happen. I once had to spend 3 weeks unblocking a international wire transfer to South Korea,\n\nEthereum / smart contracts / NFTs also can have real use cases... but not right now or not many right now:\n\n* technical learning curve is still quite high for users. Hell, most project founders do not understand the tech on a basic level\n* Most projects are cash grabs\n* Security is an issue. Even seasoned users get ripped off all the time\n* Many projects have no actual need to be on web3, but are just there so they can say they're on web3.\n* Even blue chip companies are shady as hell. SBF / FTX e.g.\n* Although NFTs could have a lot of functionality, most are just a link to a JSON file, which can be altered at any time. So yes, even Bored Apes could just decide to switch everyones monkey picture to something completely different. So you need a lot of trust in the founders. See previous comment.", '10p57o6'], ['u/Shadowblink', 14, '2023-01-30 18:25', 'https://www.reddit.com/r/BEFire/comments/10p57o6/what_are_you_procontra_arguments_against_crypto/j6iuu5r/', 'I was initially very pro-crypto as I could see a lot of potential use cases for it. However, over the years my stance has shifted to very anti-crypto. \n\nLet\'s take your example of deeds becoming a crypto nfts. As far as I know, every blockchain technology currently is still subject to a 51%-attack. I would never risk storing my house-deed on a technology that is subject to such attacks, that would be insanely risky. \n\nNow you might say "what about private blockchains". Well if we\'re running a private blockchain, what\'s the point of running a blockchain at all? The whole idea of a blockchain is to be a decentralized database. If we\'re running it as a private blockchain, it might as well be a regular database with proven technology. Which is also easier and cheaper to run. \n\nI\'ve never encountered a use-cause of crypto where crypto is the best use-case. Crypto CAN be used for that use-case but it isn\'t the best option. \n\nEven as a payment method it\'s not great. We\'re making progress but right now there\'s still so many issues: it isn\'t user friendly at all, difficult to turn cash into crypto and vice-versa, tax issues, slow transfers, expensive transfer fees and most importantly the value of crypto is constantly changing. This last one is the most annoying as it basically means that a purchase would have to convert cash->crypto and the receiver would have to convert crypto->cash. Might as well just do a cash transfer in that case.\n\nBUT my biggest issue with crypto right now is with it just being the pinnacle of late-stage capitalism. I suppose this subreddit might be more liberal or pro-capitalism, but I am very anti-capitalism myself. Every single thing/experience in human life is being turned into a market with the promise that you can earn money with it!\n\nThese crypto-bros want to turn our every living moment into something that produces value. And they act like it\'s the next step in humanity and that they are doing god\'s work. It\'s so disgusting how they are exploiting people while claiming to be holier-than-thou geniuses who are working on changing the world.\n\nSome good examples of this is crypto-games. They claim things like "it\'s the next step in gaming", "gaming revolution", etc. But **they are just using you to make money.** You aren\'t interested in making a good game, you just want to make money. It\'s sickening.\n\nI\'ve seen things such as investing into "entrepreneurs" by buying their crypto tokens. The idea being that you can find starting entrepreneurs, of which the tokens are cheap, hoping they make it big and you can use the tokens to utilize that connection, or sell the tokens to other at higher value. So now we\'ve turned networking into gambling! \n\nThere\'s so many more examples of this like web3, nft\'s, etc and the tactics these companies use is straight up manipulation of desperate people who are willing to "invest" all their money because they see it as their only shot to make it in this capitalism hellhole. \n\nYou might have guessed it from my tone but these projects have left such a sour taste of crypto for me that I\'m now wholely anti-crypto. The lack of use-cases, the scams, the exploitation of people, the monetization of everything. I have nothing good to say about crypto except for that it\'s cool technology from an academic perspective.', '10p57o6']]], ['u/cladtidings', '"Bitcoin is not violent"????', 42, '2023-01-30 16:26', 'https://www.reddit.com/r/Buttcoin/comments/10p5jnm/bitcoin_is_not_violent/', "I know a Bitcoin weirdo who tweets this constantly, like it's a profound truth. But what does it mean, exactly?", 'https://www.reddit.com/r/Buttcoin/comments/10p5jnm/bitcoin_is_not_violent/', '10p5jnm', [['u/M00NGRAPHIX', 20, '2023-01-30 16:36', 'https://www.reddit.com/r/Buttcoin/comments/10p5jnm/bitcoin_is_not_violent/j6idvys/', 'He must be referring to the fact that Bitcoin is not physically able to harm you or anything.', '10p5jnm'], ['u/preytowolves', 35, '2023-01-30 16:41', 'https://www.reddit.com/r/Buttcoin/comments/10p5jnm/bitcoin_is_not_violent/j6iejut/', 'true. I got beaten by a deutsch mark sometime ago.', '10p5jnm'], ['u/cladtidings', 19, '2023-01-30 16:41', 'https://www.reddit.com/r/Buttcoin/comments/10p5jnm/bitcoin_is_not_violent/j6ien6x/', 'But it\'s just so odd. It\'s like saying "Bitcoin is not lawn furniture". Who ever accused it of being violent?', '10p5jnm'], ['u/Emotional_Char...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE --News Direct-- Oasys SINGAPORE - Media OutReach - 31 January 2023 - Oasys , a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank , a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world. According to statistics by Newzoo 1 , Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games. Daiki Moriyama, Director, Oasys, said: "We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan." Atsushi Kuwabara, Head of Business Development , bitbank , said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space." The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services. The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan. Story continues _______________________________________________ 1 Market Statistics by Newzoo https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues Important Notice This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games/ Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About bitbank bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange "bitbank.cc" and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association. Contact Details Oasys Media Contact [email protected] Company Website https://www.oasys.games/ View source version on newsdirect.com: https://newsdirect.com/news/oasys-to-be-listed-on-leading-japanese-crypto-exchange-bitbank-783709988 View comments', 'Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE --News Direct-- Oasys SINGAPORE - Media OutReach - 31 January 2023 - Oasys , a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank , a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world. According to statistics by Newzoo 1 , Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games. Daiki Moriyama, Director, Oasys, said: "We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan." Atsushi Kuwabara, Head of Business Development , bitbank , said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space." The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services. The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan. Story continues _______________________________________________ 1 Market Statistics by Newzoo https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues Important Notice This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games/ Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About bitbank bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange "bitbank.cc" and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association. Contact Details Oasys Media Contact [email protected] Company Website https://www.oasys.games/ View source version on newsdirect.com: https://newsdirect.com/news/oasys-to-be-listed-on-leading-japanese-crypto-exchange-bitbank-783709988 View comments', 'When it comes to digital collectibles, most enthusiasts think of Ethereum, Solana, or Polygon\x97deservedly, as proof-of-stake blockchains have cornered the NFT marketplace. But digital collectibles using the Bitcoin blockchain have existed since 2014 , and several projects have made it their continuing mission to bring NFTs to the first and biggest cryptocurrency. NFTs are digital assets that are provably unique and linked to digital (and sometimes physical) content like digital art, movies, and music that show proof of ownership or membership in an exclusive group. Even though NFTs have been in the Bitcoin ecosystem for nearly a decade, however, some still don\x92t see the point. One of these projects is Ordinals, and some Bitcoin maximalists are calling it an affront to Bitcoin principles. "you can\'t stop them" well ofc! bitcoin is designed to be censor resistant. doesn\'t stop us mildly commenting on the sheer waste and stupidity of an encoding. at least do something efficient. otherwise it\'s another proof of consumption of block-space thingy. \x97 Adam Back (@adam3us) January 29, 2023 Ordinals creator Casey Rodarmor takes the criticism in stride, saying the controversy helps his cause. \x93I actually love the haters,\x94 he said. \x93I mean, they do more to drive people to find out about the project than anybody else. I don\x92t know what they think when they have these massive audiences, and they go, \x91This is an attack on Bitcoin\x92\x97it seems like you don\x92t want to do that if you don\x92t want people to use the thing.\x94 Bitcoin NFTs Are Emerging on Stacks. Can They Thrive? Rodarmor is a former Bitcoin Core contributor who designed Ordinals to allow the transferring of individual satoshis on the Bitcoin network. \x93The Ordinals protocol is just a system for numbering Satoshis, giving individual sats a serial number, and then tracking them across transactions,\x94 Rodarmor told Decrypt in an interview. Story continues The Ordinals protocol enables users to explore, transfer, and receive individual satoshis, which may include unique inscribed data such as videos and images. The process of adding assets to individual satoshis is called inscription. As Rodarmor explains, inscriptions make it possible to put content in a Bitcoin transaction and assign it to a satoshi. Once completed, Rodarmor says, the inscriptions are stored in a Bitcoin transaction\x92s signature. The process stays entirely on the Bitcoin network and does not require a sidechain or additional token, according to Rodarmor. \x93My design goal, from the beginning, was to create something that would strike people as being Bitcoin native,\x94 he said. \x93That means it can\x92t have a token, and it can\x92t be a sidechain.\x94 \'Time to Switch to Satoshis\': Mike Novogratz Satoshis\x97named after Satoshi Nakamoto, the pseudonymous creator of the Bitcoin blockchain\x97is the smallest unit of a Bitcoin. When someone buys a cup of coffee using BTC, they are most likely using satoshis instead of a whole Bitcoin, which currently trades around $22,700 per coin, according to Coingecko . Marginalized peoples in developing countries will have to pay more to run their Bitcoin nodes and send transactions because privileged wealthy whites want to put JPEG drawings on the blockchain as status symbols. Just because you can doesn\x92t mean you should. \x97 Bitcoin is Saving (@BitcoinIsSaving) January 29, 2023 \x93This use of block space is probably the lowest impact use compared to other things that you can do,\x94 Rodarmor says. \x93Full nodes download this data, but then they ignore it,\x94 The inscriptions have no resource requirements, he adds, refuting claims that Ordinals and inscriptions abuse the Bitcoin protocol or would drive up transaction costs. \x93One thing that people don\x92t understand is that in order for Bitcoin to be secure, blocks must be full\x97that is part of the Bitcoin security model,\x94 he said. \x93If blocks are not full, nobody has any reason to pay more than the minimum fee rate to have their transactions included. So, as a result, blocks must be full.\x94 Rodarmor says that while inscriptions contribute to making blocks full, inscriptions do not change the size of the Bitcoin block. That would be something Rodarmor says he would not advocate. Even in the event of another upgrade to the Bitcoin network, Rodarmor says it would be unlikely to cause any problems for Ordinals, as the protocol only relies on minor parts of the Bitcoin network. \x93[Ordinals] relies on the fact that transactions have inputs, transactions have outputs, [and] that inputs and outputs are valued in satoshis,\x94 he said. \x93So you can\x92t break Ordinals in an upgrade without breaking a whole lot of other things.\x94', "When it comes to digital collectibles, most enthusiasts think of Ethereum, Solana, or Polygon—deservedly, as proof-of-stake blockchains have cornered the NFT marketplace. But digital collectibles using the Bitcoin blockchain have existed since2014, and several projects have made it their continuing mission to bring NFTs to the first and biggest cryptocurrency.\nNFTsare digital assets that are provably unique and linked to digital (and sometimes physical) content like digital art, movies, and music that show proof of ownership or membership in an exclusive group.\nEven though NFTs have been in the Bitcoin ecosystem for nearly a decade, however, some still don’t see the point.\nOne of these projects is Ordinals, and some Bitcoin maximalists are calling it anaffrontto Bitcoin principles.\nOrdinals creator Casey Rodarmor takes the criticism in stride, saying the controversy helps his cause.\n“I actually love the haters,” he said. “I mean, they do more to drive people to find out about the project than anybody else. I don’t know what they think when they have these massive audiences, and they go, ‘This is an attack on Bitcoin’—it seems like you don’t want to do that if you don’t want people to use the thing.”\nBitcoin NFTs Are Emerging on Stacks. Can They Thrive?\nRodarmor is a former Bitcoin Core contributor who designedOrdinalsto allow the transferring of individual satoshis on the Bitcoin network. “The Ordinals protocol is just a system for numbering Satoshis, giving individual sats a serial number, and then tracking them across transactions,” Rodarmor toldDecryptin an interview.\nThe Ordinals protocol enables users to explore, transfer, and receive individual satoshis, which may include unique inscribed data such as videos and images. The process of adding assets to individual satoshis is called inscription. As Rodarmor explains, inscriptions make it possible to put content in a Bitcoin transaction and assign it to a satoshi. Once completed, Rodarmor says, the inscriptions are stored in a Bitcoin transaction’s signature.\nThe process stays entirely on theBitcoinnetwork and does not require a sidechain or additional token, according to Rodarmor. “My design goal, from the beginning, was to create something that would strike people as being Bitcoin native,” he said. “That means it can’t have a token, and it can’t be a sidechain.”\n'Time to Switch to Satoshis': Mike Novogratz\nSatoshis—named after Satoshi Nakamoto, the pseudonymous creator of the Bitcoin blockchain—is the smallest unit of a Bitcoin. When someone buys a cup of coffee using BTC, they are most likely using satoshis instead of a whole Bitcoin, which currently trades around $22,700 per coin, according toCoingecko.\n“This use of block space is probably the lowest impact use compared to other things that you can do,” Rodarmor says. “Full nodes download this data, but then they ignore it,” The inscriptions have no resource requirements, he adds, refuting claims that Ordinals and inscriptions abuse the Bitcoin protocol or would drive up transaction costs.\n“One thing that people don’t understand is that in order for Bitcoin to be secure, blocks must be full—that is part of the Bitcoin security model,” he said. “If blocks are not full, nobody has any reason to pay more than the minimum fee rate to have their transactions included. So, as a result, blocks must be full.”\nRodarmor says that while inscriptions contribute to making blocks full, inscriptions do not change the size of the Bitcoin block. That would be something Rodarmor says he would not advocate.\nEven in the event of another upgrade to the Bitcoin network, Rodarmor says it would be unlikely to cause any problems for Ordinals, as the protocol only relies on minor parts of the Bitcoin network.\n“[Ordinals] relies on the fact that transactions have inputs, transactions have outputs, [and] that inputs and outputs are valued in satoshis,” he said. “So you can’t break Ordinals in an upgrade without breaking a whole lot of other things.”", "When it comes to digital collectibles, most enthusiasts think of Ethereum, Solana, or Polygon—deservedly, as proof-of-stake blockchains have cornered the NFT marketplace. But digital collectibles using the Bitcoin blockchain have existed since2014, and several projects have made it their continuing mission to bring NFTs to the first and biggest cryptocurrency.\nNFTsare digital assets that are provably unique and linked to digital (and sometimes physical) content like digital art, movies, and music that show proof of ownership or membership in an exclusive group.\nEven though NFTs have been in the Bitcoin ecosystem for nearly a decade, however, some still don’t see the point.\nOne of these projects is Ordinals, and some Bitcoin maximalists are calling it anaffrontto Bitcoin principles.\nOrdinals creator Casey Rodarmor takes the criticism in stride, saying the controversy helps his cause.\n“I actually love the haters,” he said. “I mean, they do more to drive people to find out about the project than anybody else. I don’t know what they think when they have these massive audiences, and they go, ‘This is an attack on Bitcoin’—it seems like you don’t want to do that if you don’t want people to use the thing.”\nBitcoin NFTs Are Emerging on Stacks. Can They Thrive?\nRodarmor is a former Bitcoin Core contributor who designedOrdinalsto allow the transferring of individual satoshis on the Bitcoin network. “The Ordinals protocol is just a system for numbering Satoshis, giving individual sats a serial number, and then tracking them across transactions,” Rodarmor toldDecryptin an interview.\nThe Ordinals protocol enables users to explore, transfer, and receive individual satoshis, which may include unique inscribed data such as videos and images. The process of adding assets to individual satoshis is called inscription. As Rodarmor explains, inscriptions make it possible to put content in a Bitcoin transaction and assign it to a satoshi. Once completed, Rodarmor says, the inscriptions are stored in a Bitcoin transaction’s signature.\nThe process stays entirely on theBitcoinnetwork and does not require a sidechain or additional token, according to Rodarmor. “My design goal, from the beginning, was to create something that would strike people as being Bitcoin native,” he said. “That means it can’t have a token, and it can’t be a sidechain.”\n'Time to Switch to Satoshis': Mike Novogratz\nSatoshis—named after Satoshi Nakamoto, the pseudonymous creator of the Bitcoin blockchain—is the smallest unit of a Bitcoin. When someone buys a cup of coffee using BTC, they are most likely using satoshis instead of a whole Bitcoin, which currently trades around $22,700 per coin, according toCoingecko.\n“This use of block space is probably the lowest impact use compared to other things that you can do,” Rodarmor says. “Full nodes download this data, but then they ignore it,” The inscriptions have no resource requirements, he adds, refuting claims that Ordinals and inscriptions abuse the Bitcoin protocol or would drive up transaction costs.\n“One thing that people don’t understand is that in order for Bitcoin to be secure, blocks must be full—that is part of the Bitcoin security model,” he said. “If blocks are not full, nobody has any reason to pay more than the minimum fee rate to have their transactions included. So, as a result, blocks must be full.”\nRodarmor says that while inscriptions contribute to making blocks full, inscriptions do not change the size of the Bitcoin block. That would be something Rodarmor says he would not advocate.\nEven in the event of another upgrade to the Bitcoin network, Rodarmor says it would be unlikely to cause any problems for Ordinals, as the protocol only relies on minor parts of the Bitcoin network.\n“[Ordinals] relies on the fact that transactions have inputs, transactions have outputs, [and] that inputs and outputs are valued in satoshis,” he said. “So you can’t break Ordinals in an upgrade without breaking a whole lot of other things.”", 'Bitcoin fell along with Ether and all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday’s gains. Cryptocurrencies followed the decline in U.S. equity markets overnight as traders looked to be taking profits ahead of this week’s Federal Reserve meeting on rates and a raft of technology earnings. Solana led the losers. Dogecoin pared its losses on reports Twitter Inc. boss Elon Musk is looking to add payment systems to the social media platform and he is a known fan of the token.\nSee related article:Bitcoin trades higher in Nigeria amid cashless economy drive\n• Bitcoin fell 3.9% at US$22,836 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses to 0.6% in the past seven days. Ether fell 4.8% to US$1,566 on Tuesday morning, and is down 3.8% for the week, according todata from CoinMarketCap.\n• Solana lost 8.1% to change hands at US$23.91, a drop of 1.8% over the week after the token saw the biggest gains in CoinMarketCap’s top 10 list on Monday.\n• Cardano dropped 6.3% to US$0.37, a loss of 1% for the seven days. Polygon fell 7.5% to US$1.09, however, was still trading up 9% since last Tuesday.\n• Leading memecoin Dogecoin fell 1.5% to US$0.08, keeping its losses to 1% for the week. On Mondaythe Financial Times reportedMusk, the world’s second-richest person, is exploring adding payment systems to Twitter that may include crypto. Musk is a long-time advocate for Dogecoin.\n• U.S. equities fell Monday. The Dow Jones Industrial Average dipped 0.8% and the S&P 500 Index lost 1.3%. The Nasdaq Composite Index dropped 2% for its worst day of trading in five weeks.\n• The Fed is meeting Jan. 31 – Feb. 1 and isexpected to raiseinterest rates by a smaller 25-basis points, breaking the streak of 50 or 75 basis point hikessince last Marchin an attempt to slow the pace of inflation. The rate decision is expected Wednesday.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on inflation. In December, the U.S. consumer price index rose 6.5% year-over-year, which was well off the 7.1% recorded in November and the largest monthly decline since April 2020.\n• Investors are also preparing for earnings announcements from technology leaders this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\nSee related article:Bitcoin mining difficulty hits new all-time high with 4.7% rise', 'Bitcoin fell along with Ether and all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday\x92s gains. Cryptocurrencies followed the decline in U.S. equity markets overnight as traders looked to be taking profits ahead of this week\x92s Federal Reserve meeting on rates and a raft of technology earnings. Solana led the losers. Dogecoin pared its losses on reports Twitter Inc. boss Elon Musk is looking to add payment systems to the social media platform and he is a known fan of the token. See related article: Bitcoin trades higher in Nigeria amid cashless economy drive Fast facts Bitcoin fell 3.9% at US$22,836 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses to 0.6% in the past seven days. Ether fell 4.8% to US$1,566 on Tuesday morning, and is down 3.8% for the week, according to data from CoinMarketCap . Solana lost 8.1% to change hands at US$23.91, a drop of 1.8% over the week after the token saw the biggest gains in CoinMarketCap\x92s top 10 list on Monday. Cardano dropped 6.3% to US$0.37, a loss of 1% for the seven days. Polygon fell 7.5% to US$1.09, however, was still trading up 9% since last Tuesday. Leading memecoin Dogecoin fell 1.5% to US$0.08, keeping its losses to 1% for the week. On Monday the Financial Times reported Musk, the world\x92s second-richest person, is exploring adding payment systems to Twitter that may include crypto. Musk is a long-time advocate for Dogecoin. U.S. equities fell Monday. The Dow Jones Industrial Average dipped 0.8% and the S&P 500 Index lost 1.3%. The Nasdaq Composite Index dropped 2% for its worst day of trading in five weeks. The Fed is meeting Jan. 31 \x96 Feb. 1 and is expected to raise interest rates by a smaller 25-basis points, breaking the streak of 50 or 75 basis point hikes since last March in an attempt to slow the pace of inflation. The rate decision is expected Wednesday. The Fed\x92s aggressive rate increases last year seem to be having the desired effect on inflation. In December, the U.S. consumer price index rose 6.5% year-over-year, which was well off the 7.1% recorded in November and the largest monthly decline since April 2020. Investors are also preparing for earnings announcements from technology leaders this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator. See related article: Bitcoin mining difficulty hits new all-time high with 4.7% rise', 'Bitcoin fell along with Ether and all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday’s gains. Cryptocurrencies followed the decline in U.S. equity markets overnight as traders looked to be taking profits ahead of this week’s Federal Reserve meeting on rates and a raft of technology earnings. Solana led the losers. Dogecoin pared its losses on reports Twitter Inc. boss Elon Musk is looking to add payment systems to the social media platform and he is a known fan of the token.\nSee related article:Bitcoin trades higher in Nigeria amid cashless economy drive\n• Bitcoin fell 3.9% at US$22,836 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses to 0.6% in the past seven days. Ether fell 4.8% to US$1,566 on Tuesday morning, and is down 3.8% for the week, according todata from CoinMarketCap.\n• Solana lost 8.1% to change hands at US$23.91, a drop of 1.8% over the week after the token saw the biggest gains in CoinMarketCap’s top 10 list on Monday.\n• Cardano dropped 6.3% to US$0.37, a loss of 1% for the seven days. Polygon fell 7.5% to US$1.09, however, was still trading up 9% since last Tuesday.\n• Leading memecoin Dogecoin fell 1.5% to US$0.08, keeping its losses to 1% for the week. On Mondaythe Financial Times reportedMusk, the world’s second-richest person, is exploring adding payment systems to Twitter that may include crypto. Musk is a long-time advocate for Dogecoin.\n• U.S. equities fell Monday. The Dow Jones Industrial Average dipped 0.8% and the S&P 500 Index lost 1.3%. The Nasdaq Composite Index dropped 2% for its worst day of trading in five weeks.\n• The Fed is meeting Jan. 31 – Feb. 1 and isexpected to raiseinterest rates by a smaller 25-basis points, breaking the streak of 50 or 75 basis point hikessince last Marchin an attempt to slow the pace of inflation. The rate decision is expected Wednesday.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on inflation. In December, the U.S. consumer price index rose 6.5% year-over-year, which was well off the 7.1% recorded in November and the largest monthly decline since April 2020.\n• Investors are also preparing for earnings announcements from technology leaders this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\nSee related article:Bitcoin mining difficulty hits new all-time high with 4.7% rise', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and ether began the business day in Asia in the red.\nCoinDesk Market Index (CMI)\n1,061\n−13.0▼1.2%\nBitcoin (BTC)\n$22,795\n−899.4▼3.8%\nEthereum (ETH)\n$1,568\n−70.8▼4.3%\nS&P 500\n4,017.77\n−52.8▼1.3%\nGold\n$1,937\n+8.4▲0.4%\nNikkei 225\n27,433.40\n+50.8▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nInsights:Centralized exchange tokens\' gains are an unlikely story given the problems with FTX\'s FTT token. What\'s next?\nBy Sam Reynolds\nBitcoin-Tech Stock Correlation to Be Tested Again as Wall Street Kicks Off Earnings Season\nBitcoin and ether began the business day in Asia in the red, with the world’s largest digital asset by market value downjust under 4% on the dayto $22,795 and thelatter down 4.8% to $1,568. Investors are eyeing a busy week in the U.S. with an underwhelming earnings week expected, as well as another interest rate hike.\n“The Q4 earnings season for the S&P 500 continues to be subpar,"wrote FactSet analyst John Buttersin a note published earlier. "While the number of S&P 500 companies reporting positive earnings surprises increased over the past week, the magnitude of these earnings surprises decreased during this time. Both metrics are still below their 5-year and 10-year averages.”\nRefinitiv datashows that analysts expect S&P 500 earnings reported this week to decline 3%, with tech down 8.7%.\nInvestors are also looking to another – but smaller – interest rate hike this week, with the results of the last Federal Open Market Committee meeting coming out on Wednesday. Investors believe the Federal Reserve will hike rates by 25 basis points (bps) which would be the smallest rate increase in almost a year.\nAll of thiscontinues to test the correlationbitcoin is reported to have with the stock market.\n“There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the more important events in crypto’s recent history,” Riyad Carey, research analyst at Kaiko, told CoinDesk in a previously provided note.\nCentralized Exchange Tokens Post Solid Gains in January Despite SEC Interest\nBy Sam Reynolds\nThe digital assets market is having a record January, and you’d be forgiven if you thought the bear market was over.Bitcoin is upnearly 40% since the beginning of the year, and ether has gained 30%, withaltcoins also showing some strength.\nExchange tokens are also following this trend and have posted double-digit growth during the last month. Binance’s BNB,Crypto.com’s CRO and KuCoin’s KCS are all squarely in the green.\nNormally this wouldn’t be much of a surprise because the rise of these tokens correlates with an increase in volume on exchanges. Right now, it’s a healthy, vibrant market and exchange token prices reflect this.\nBut this is forgetting what happened in the last days of December.\nAspart of a complaint filedagainst FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison, the Securities and Exchange Commission (SEC) laid out the case as to why FTX’s former exchange token, FTT, is a security.\n"If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings," the SEC wrote in its complaint. "The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token."\nThis could describe many – but not all – of the exchange tokens on the market. And because Ellison hassignaled her intentto cooperate with law enforcement, the SEC’s claims were not contested. When this was unsealed in December, it should have been a day of reckoning for the exchange token sector.\nOKX, for instance, specifically shies away from that description of its exchange token.\n“The native token was never a big part of our business or treasury. Our native token was always designed to engage our most active customers and give them a way to seek discounts through activity on the platform,” is how an OKX executivedescribed the token in an interview with CoinDesk.\nThesame can’t be said about Huobi, which CryptoQuant data shows is theexchange most reliant on its own token.\nThe market may have priced in the idea that the SEC might not be able to do a lot about how it thinks exchange tokens are securities.\nExchanges that offer these tokens don’t have much of a nexus to the U.S. They are located offshore, not run by Americans, and don’t allow U.S. residents on the platform.\nBut BitMex also thought it was safe from U.S. regulatory oversight by doing the same thing,and we all know how that turned out.\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Retail Sales s.a. (MoM/Dec)\n3:00 p.m. HKT/SGT(7:00 UTC)Germany Retail Sales (YoY/Dec)\n5:00 p.m. HKT/SGT(9:00 UTC)European Central Bank Lending Survey\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Exec on Crypto Markets Ahead of Fed Rate Hike Decision; Gemini Reportedly Under Investigation\nA big week in markets as the U.S. Federal Reserve meets to decide how high to raise interest rates amid signs of lower inflation and a cooling economy. Coinbase Institutional Head of Research David Duong joined "First Mover" to discuss. Johns Hopkins University Professor of Applied Economics Steve Hanke weighed in with his recession outlook. Also bankruptcy expert Dov R. Kleiner of Kleinberg Kaplan joined to discuss the latest in the FTX, Celsius Network, and Voyager Digital bankruptcy cases. Plus, crypto exchange Gemini is reportedly under investigation over FDIC claims.\nSandbox’s SAND Surges 90% Since Start of Year Ahead of Token Unlock:The unlock, scheduled for mid February, will release 12% of the token’s supply.\nCrypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022:The fund took a 23% hit in November in the aftermath of FTX\'s collapse.\nElon Musk Wants Twitter Payments System to Accommodate Crypto, FT:DOGE spiked on the news.\nBlockFi\'s Crypto Mining Assets May Be Headed to Market After Bankruptcy Hearing:The crypto lender’s quest to get its hands on $580 million of Robinhood shares originally owned by FTX founder Sam Bankman-Fried has taken another turn, the court was told.\nBinance Partners With Mastercard to Launch Prepaid Crypto Card in Brazil:The card will allow payments with 13 cryptocurrencies, including bitcoin, ether and Binance USD.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and ether began the business day in Asia in the red.\nCoinDesk Market Index (CMI)\n1,061\n−13.0▼1.2%\nBitcoin (BTC)\n$22,795\n−899.4▼3.8%\nEthereum (ETH)\n$1,568\n−70.8▼4.3%\nS&P 500\n4,017.77\n−52.8▼1.3%\nGold\n$1,937\n+8.4▲0.4%\nNikkei 225\n27,433.40\n+50.8▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nInsights:Centralized exchange tokens\' gains are an unlikely story given the problems with FTX\'s FTT token. What\'s next?\nBy Sam Reynolds\nBitcoin-Tech Stock Correlation to Be Tested Again as Wall Street Kicks Off Earnings Season\nBitcoin and ether began the business day in Asia in the red, with the world’s largest digital asset by market value downjust under 4% on the dayto $22,795 and thelatter down 4.8% to $1,568. Investors are eyeing a busy week in the U.S. with an underwhelming earnings week expected, as well as another interest rate hike.\n“The Q4 earnings season for the S&P 500 continues to be subpar,"wrote FactSet analyst John Buttersin a note published earlier. "While the number of S&P 500 companies reporting positive earnings surprises increased over the past week, the magnitude of these earnings surprises decreased during this time. Both metrics are still below their 5-year and 10-year averages.”\nRefinitiv datashows that analysts expect S&P 500 earnings reported this week to decline 3%, with tech down 8.7%.\nInvestors are also looking to another – but smaller – interest rate hike this week, with the results of the last Federal Open Market Committee meeting coming out on Wednesday. Investors believe the Federal Reserve will hike rates by 25 basis points (bps) which would be the smallest rate increase in almost a year.\nAll of thiscontinues to test the correlationbitcoin is reported to have with the stock market.\n“There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the more important events in crypto’s recent history,” Riyad Carey, research analyst at Kaiko, told CoinDesk in a previously provided note.\nCentralized Exchange Tokens Post Solid Gains in January Despite SEC Interest\nBy Sam Reynolds\nThe digital assets market is having a record January, and you’d be forgiven if you thought the bear market was over.Bitcoin is upnearly 40% since the beginning of the year, and ether has gained 30%, withaltcoins also showing some strength.\nExchange tokens are also following this trend and have posted double-digit growth during the last month. Binance’s BNB,Crypto.com’s CRO and KuCoin’s KCS are all squarely in the green.\nNormally this wouldn’t be much of a surprise because the rise of these tokens correlates with an increase in volume on exchanges. Right now, it’s a healthy, vibrant market and exchange token prices reflect this.\nBut this is forgetting what happened in the last days of December.\nAspart of a complaint filedagainst FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison, the Securities and Exchange Commission (SEC) laid out the case as to why FTX’s former exchange token, FTT, is a security.\n"If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings," the SEC wrote in its complaint. "The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token."\nThis could describe many – but not all – of the exchange tokens on the market. And because Ellison hassignaled her intentto cooperate with law enforcement, the SEC’s claims were not contested. When this was unsealed in December, it should have been a day of reckoning for the exchange token sector.\nOKX, for instance, specifically shies away from that description of its exchange token.\n“The native token was never a big part of our business or treasury. Our native token was always designed to engage our most active customers and give them a way to seek discounts through activity on the platform,” is how an OKX executivedescribed the token in an interview with CoinDesk.\nThesame can’t be said about Huobi, which CryptoQuant data shows is theexchange most reliant on its own token.\nThe market may have priced in the idea that the SEC might not be able to do a lot about how it thinks exchange tokens are securities.\nExchanges that offer these tokens don’t have much of a nexus to the U.S. They are located offshore, not run by Americans, and don’t allow U.S. residents on the platform.\nBut BitMex also thought it was safe from U.S. regulatory oversight by doing the same thing,and we all know how that turned out.\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Retail Sales s.a. (MoM/Dec)\n3:00 p.m. HKT/SGT(7:00 UTC)Germany Retail Sales (YoY/Dec)\n5:00 p.m. HKT/SGT(9:00 UTC)European Central Bank Lending Survey\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Exec on Crypto Markets Ahead of Fed Rate Hike Decision; Gemini Reportedly Under Investigation\nA big week in markets as the U.S. Federal Reserve meets to decide how high to raise interest rates amid signs of lower inflation and a cooling economy. Coinbase Institutional Head of Research David Duong joined "First Mover" to discuss. Johns Hopkins University Professor of Applied Economics Steve Hanke weighed in with his recession outlook. Also bankruptcy expert Dov R. Kleiner of Kleinberg Kaplan joined to discuss the latest in the FTX, Celsius Network, and Voyager Digital bankruptcy cases. Plus, crypto exchange Gemini is reportedly under investigation over FDIC claims.\nSandbox’s SAND Surges 90% Since Start of Year Ahead of Token Unlock:The unlock, scheduled for mid February, will release 12% of the token’s supply.\nCrypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022:The fund took a 23% hit in November in the aftermath of FTX\'s collapse.\nElon Musk Wants Twitter Payments System to Accommodate Crypto, FT:DOGE spiked on the news.\nBlockFi\'s Crypto Mining Assets May Be Headed to Market After Bankruptcy Hearing:The crypto lender’s quest to get its hands on $580 million of Robinhood shares originally owned by FTX founder Sam Bankman-Fried has taken another turn, the court was told.\nBinance Partners With Mastercard to Launch Prepaid Crypto Card in Brazil:The card will allow payments with 13 cryptocurrencies, including bitcoin, ether and Binance USD.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and ether began the business day in Asia in the red. CoinDesk Market Index (CMI) 1,061 −13.0 ▼ 1.2% Bitcoin (BTC) $22,795 −899.4 ▼ 3.8% Ethereum (ETH) $1,568 −70.8 ▼ 4.3% S&P 500 4,017.77 −52.8 ▼ 1.3% Gold $1,937 +8.4 ▲ 0.4% Nikkei 225 27,433.40 +50.8 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Insights: Centralized exchange tokens\' gains are an unlikely story given the problems with FTX\'s FTT token. What\'s next? Prices By Sam Reynolds Bitcoin-Tech Stock Correlation to Be Tested Again as Wall Street Kicks Off Earnings Season Bitcoin and ether began the business day in Asia in the red, with the world’s largest digital asset by market value down just under 4% on the day to $22,795 and the latter down 4.8% to $1,568 . Investors are eyeing a busy week in the U.S. with an underwhelming earnings week expected, as well as another interest rate hike. “The Q4 earnings season for the S&P 500 continues to be subpar," wrote FactSet analyst John Butters in a note published earlier. "While the number of S&P 500 companies reporting positive earnings surprises increased over the past week, the magnitude of these earnings surprises decreased during this time. Both metrics are still below their 5-year and 10-year averages.” Refinitiv data shows that analysts expect S&P 500 earnings reported this week to decline 3%, with tech down 8.7%. Investors are also looking to another – but smaller – interest rate hike this week, with the results of the last Federal Open Market Committee meeting coming out on Wednesday. Investors believe the Federal Reserve will hike rates by 25 basis points (bps) which would be the smallest rate increase in almost a year. All of this continues to test the correlation bitcoin is reported to have with the stock market. “There doesn’t seem to be any indication that crypto will stop moving in response to Fed policy decisions, though Ethereum’s upcoming Merge is one of the more important events in crypto’s recent history,” Riyad Carey, research analyst at Kaiko, told CoinDesk in a previously provided note. Story continues Insights Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest By Sam Reynolds The digital assets market is having a record January, and you’d be forgiven if you thought the bear market was over. Bitcoin is up nearly 40% since the beginning of the year, and ether has gained 30%, with altcoins also showing some strength . Exchange tokens are also following this trend and have posted double-digit growth during the last month. Binance’s BNB, Crypto.com ’s CRO and KuCoin’s KCS are all squarely in the green. (CryptoRank) Normally this wouldn’t be much of a surprise because the rise of these tokens correlates with an increase in volume on exchanges. Right now, it’s a healthy, vibrant market and exchange token prices reflect this. But this is forgetting what happened in the last days of December. As part of a complaint filed against FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison, the Securities and Exchange Commission (SEC) laid out the case as to why FTX’s former exchange token, FTT, is a security. "If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings," the SEC wrote in its complaint. "The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token." This could describe many – but not all – of the exchange tokens on the market. And because Ellison has signaled her intent to cooperate with law enforcement, the SEC’s claims were not contested. When this was unsealed in December, it should have been a day of reckoning for the exchange token sector. OKX, for instance, specifically shies away from that description of its exchange token. “The native token was never a big part of our business or treasury. Our native token was always designed to engage our most active customers and give them a way to seek discounts through activity on the platform,” is how an OKX executive described the token in an interview with CoinDesk . The same can’t be said about Huobi , which CryptoQuant data shows is the exchange most reliant on its own token . The market may have priced in the idea that the SEC might not be able to do a lot about how it thinks exchange tokens are securities. Exchanges that offer these tokens don’t have much of a nexus to the U.S. They are located offshore, not run by Americans, and don’t allow U.S. residents on the platform. But BitMex also thought it was safe from U.S. regulatory oversight by doing the same thing, and we all know how that turned out . Important events 8:30 a.m. HKT/SGT(00:30 UTC) Australia Retail Sales s.a. (MoM/Dec) 3:00 p.m. HKT/SGT(7:00 UTC) Germany Retail Sales (YoY/Dec) 5:00 p.m. HKT/SGT(9:00 UTC) European Central Bank Lending Survey CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Exec on Crypto Markets Ahead of Fed Rate Hike Decision; Gemini Reportedly Under Investigation A big week in markets as the U.S. Federal Reserve meets to decide how high to raise interest rates amid signs of lower inflation and a cooling economy. Coinbase Institutional Head of Research David Duong joined "First Mover" to discuss. Johns Hopkins University Professor of Applied Economics Steve Hanke weighed in with his recession outlook. Also bankruptcy expert Dov R. Kleiner of Kleinberg Kaplan joined to discuss the latest in the FTX, Celsius Network, and Voyager Digital bankruptcy cases. Plus, crypto exchange Gemini is reportedly under investigation over FDIC claims. Headlines Sandbox’s SAND Surges 90% Since Start of Year Ahead of Token Unlock: The unlock, scheduled for mid February, will release 12% of
**Last 60 Days of Bitcoin's Closing Prices:**
[17088.66, 16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-31
**Financial & Commodity Data:**
- Gold Closing Price: $1929.50
- Crude Oil Closing Price: $78.87
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,745,048,925
- Hash Rate: 224956785.42909947
- Transaction Count: 313500.0
- Unique Addresses: 709466.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cryptocurrency bank Silvergate Capital has laid off 40% of its staff, or about 200 employees, after the collapse of FTX.com sparked mass withdrawal requests worth around US$8.1 billion. See related article: Biggest blockchain trends for 2023 and beyond Fast facts Silvergate liquidated debt from its balance sheet to honor the withdrawal requests, losing US$718 million in the process, The Wall Street Journal reported . FTX, the Bahamas-based bankrupt cryptocurrency exchange, and its subsidiaries accounted for around US$1 billion of the banks deposits, according to The Wall Street Journal. The bank has since cut 40% of its workforce and said it would scale back business operations. Crypto deposits at the bank fell to US$3.8 billion in the fourth quarter of 2022, a 68% drop from US$11.9 billion in Q3, according to Silvergate . The bank said it still intends to provide crypto-related services for its customers despite the losses. Silvergates stock price has dropped around 70% over the past three months on the New York Stock Exchange. See related article: Crypto market pain will continue but still bullish on Bitcoin lending: Silvergate...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform.See related article:Celsius misled investors, spent customer funds, bankruptcy examiner claims\n• Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according todata from CoinMarketCap.\n• Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well.\n• Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week.\n• The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion.\n• U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%.\n• Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001.\n• Markets gained on strong earnings, withExxon Mobil CorpandPfizer Inc.both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production.\n• The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\n• (Updates to add US labor costs in bullet point nine.)\nSee related article:January weekly crypto product investment reaches highest since July, says CoinShares report', 'Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform.See related article:Celsius misled investors, spent customer funds, bankruptcy examiner claims\n• Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according todata from CoinMarketCap.\n• Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well.\n• Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week.\n• The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion.\n• U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%.\n• Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001.\n• Markets gained on strong earnings, withExxon Mobil CorpandPfizer Inc.both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production.\n• The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\n• (Updates to add US labor costs in bullet point nine.)\nSee related article:January weekly crypto product investment reaches highest since July, says CoinShares report', 'Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform. See related article: Celsius misled investors, spent customer funds, bankruptcy examiner claims Fast facts Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according to data from CoinMarketCap . Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well. Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week. The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion. U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%. Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001. Markets gained on strong earnings, with Exxon Mobil Corp and Pf i zer Inc. both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production. The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year. The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020. Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator. (Updates to add US labor costs in bullet point nine.) See related article: January weekly crypto product investment reaches highest since July, says CoinShares report', "Tesla lost over $140 million betting on Bitcoin last year, according to a Monday filing with the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022. \x93In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,\x94 Tesla said in the filing. An impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse of Terra Luna in May 2022. The annual disclosure to the SEC comes less than a week after Tesla\x92s quarterly earnings report , which included no Bitcoin transactions but nonetheless saw the value of its holdings decline, generating a $43 million loss for the last four months of 2022. Elon Musk's Tesla Still HODLing $218M in Bitcoin In February 2021, Tesla invested a staggering $1.5 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency\x97second only to MicroStrategy . At the time, Bitcoin traded at $46,364 per coin. By November 10, 2021, Bitcoin saw its all-time high of $69,044 per coin, according to CoinGecko . But the good times did not last as Bitcoin, and the rest of the cryptocurrency market, went into freefall in 2022. As of January 31, 2023, Bitcoin is trading at around $23,051. Tesla\x92s impairment losses nearly doubled since 2021 when, in an SEC filing that year, Tesla reported a $101 million impairment loss on digital assets and $128 million gains after selling Bitcoin in 2021. By October 2022, Tesla reported to investors that the company still held over $218 million in Bitcoin after selling 75% of its holdings in July\x97around $936 million at the time. Michael Saylor Takes Shot at Elon Musk on Twitter Over Tesla\x92s $936M Bitcoin Sale \x93As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions,\x94 the company said in Monday\x92s filing. In the filing, Tesla calls its Bitcoin holdings indefinite-lived intangible assets. These assets are periodically reviewed to determine if their value on the balance sheet exceeds their fair market value. As Tesla explained, these impairment charges may affect the company\x92s further investment in Bitcoin. Story continues \x93For any digital assets held now or in the future, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase,\x94 the company said. Neither the quarterly earnings report nor the SEC filing identified any specific digital assets besides Bitcoin. The company is believed to hold Dogecoin, however, as it accepts the meme-coin as payment, and CEO Elon Musk is a self-avowed fan . View comments", "Tesla lost over $140 million betting on Bitcoin last year, according to a Mondayfilingwith the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022.\n“In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,” Tesla said in the filing.\nAn impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse ofTerra Lunain May 2022.\nThe annual disclosure to the SEC comes less than a week after Tesla’squarterly earnings report, which included no Bitcoin transactions but nonetheless saw the value of its holdings decline, generatinga $43 million lossfor the last four months of 2022.\nElon Musk's Tesla Still HODLing $218M in Bitcoin\nIn February 2021, Teslainvesteda staggering $1.5 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency—second only toMicroStrategy. At the time, Bitcoin traded at $46,364 per coin. By November 10, 2021, Bitcoin saw its all-time high of $69,044 per coin, according toCoinGecko.\nBut the good times did not last as Bitcoin, and the rest of the cryptocurrency market, went into freefall in 2022. As of January 31, 2023, Bitcoin is trading at around $23,051.\nTesla’s impairment losses nearly doubled since 2021 when, in an SEC filing that year, Tesla reported a $101 million impairment loss on digital assets and $128 million gains after selling Bitcoin in 2021.\nBy October 2022, Tesla reported to investors that the company still held over$218 millionin Bitcoin afterselling75% of its holdings in July—around $936 million at the time.\nMichael Saylor Takes Shot at Elon Musk on Twitter Over Tesla’s $936M Bitcoin Sale\n“As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions,” the company said in Monday’s filing.\nIn the filing, Tesla calls its Bitcoin holdings indefinite-lived intangible assets. These assets are periodically reviewed to determine if their value on the balance sheet exceeds their fair market value. As Tesla explained, these impairment charges may affect the company’s further investment in Bitcoin.\n“For any digital assets held now or in the future, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase,” the company said.\nNeither the quarterly earnings report nor the SEC filing identified any specific digital assets besides Bitcoin. The company is believed to hold Dogecoin, however, as itaccepts the meme-coinas payment, and CEO Elon Musk is aself-avowed fan.", "Tesla lost over $140 million betting on Bitcoin last year, according to a Mondayfilingwith the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022.\n“In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,” Tesla said in the filing.\nAn impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse ofTerra Lunain May 2022.\nThe annual disclosure to the SEC comes less than a week after Tesla’squarterly earnings report, which included no Bitcoin transactions but nonetheless saw the value of its holdings decline, generatinga $43 million lossfor the last four months of 2022.\nElon Musk's Tesla Still HODLing $218M in Bitcoin\nIn February 2021, Teslainvesteda staggering $1.5 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency—second only toMicroStrategy. At the time, Bitcoin traded at $46,364 per coin. By November 10, 2021, Bitcoin saw its all-time high of $69,044 per coin, according toCoinGecko.\nBut the good times did not last as Bitcoin, and the rest of the cryptocurrency market, went into freefall in 2022. As of January 31, 2023, Bitcoin is trading at around $23,051.\nTesla’s impairment losses nearly doubled since 2021 when, in an SEC filing that year, Tesla reported a $101 million impairment loss on digital assets and $128 million gains after selling Bitcoin in 2021.\nBy October 2022, Tesla reported to investors that the company still held over$218 millionin Bitcoin afterselling75% of its holdings in July—around $936 million at the time.\nMichael Saylor Takes Shot at Elon Musk on Twitter Over Tesla’s $936M Bitcoin Sale\n“As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions,” the company said in Monday’s filing.\nIn the filing, Tesla calls its Bitcoin holdings indefinite-lived intangible assets. These assets are periodically reviewed to determine if their value on the balance sheet exceeds their fair market value. As Tesla explained, these impairment charges may affect the company’s further investment in Bitcoin.\n“For any digital assets held now or in the future, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase,” the company said.\nNeither the quarterly earnings report nor the SEC filing identified any specific digital assets besides Bitcoin. The company is believed to hold Dogecoin, however, as itaccepts the meme-coinas payment, and CEO Elon Musk is aself-avowed fan.", 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptocurrencies closed a successful January. Will the remainder of the Year of the Rabbit in the lunar zodiac see the momentum continue?\nInsights:A Lido DAO proposal faces criticism, even before it\'s formally presented. Lido\'s governance token is down. What\'s next?\nCoinDesk Market Index (CMI)\n1,086.99\n+17.1▲1.6%\nBitcoin (BTC)\n$23,086\n+286.3▲1.3%\nEthereum (ETH)\n$1,585\n+16.8▲1.1%\nS&P 500 daily close\n4,076.60\n+58.8▲1.5%\nGold\n$1,943\n+19.8▲1.0%\nTreasury Yield 10 Years\n3.53%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Finishes January up 40% as Crypto Hops Into the Year of the Rabbit\nBy Sam Reynolds\nHappy February.\nBitcoin is at $23,129, up 1.3% in the last 24 hours, while ether is up 1.2% to $1,586.23.\nThe two largest digital assets by market value wrapped up a monumental January, beating expectations by posting double-digit gains – bitcoin by 40% and ether by 32%.\nJanuary also proved to be the season of the altcoins with Cardano\'s ADA up 56%, dogecoin (DOGE) up 37%, solana (SOL) up 140% and avalanche (AVAX) up 82%.\nWhile most crypto investors are looking to the stock market and U.S. Federal Reserve meeting minutes for guidance, just for a minute we’d like to – for a sense of levity – look to the heavens to see what the stars might tell us.\nMost of East Asia has returned to work from celebrating the Lunar New Year. In the Lunar zodiac, 2023 is the year of the rabbit,and legend saysthis year should be as calm, peaceful and tender as the animal itself.\nCLSA, a major brokerage based in Hong Kong,wrote in a notepublished in January that all macro economic indicators point to this year as being one where the market "hops" around.\n“Gentle, quick and responsible, the Rabbit is the fourth animal in the 12-year cycle of the Chinese horoscope. Together with yin water, this combination bodes well for a calmer 2023 compared to last year’s tumultuous experience,” the brokerage wrote, while also reminding investors to seek professional advice before making a decision. “This year’s bazi, or destiny chart, advises us to step out of our comfort zone but remain mindful of perils afoot. After all, a rabbit’s foot is lucky for everyone but the fluffy woodland creature.”\nTiger years, of which 2022 was one, are marked by being competitive and unpredictable – and we all know how this went.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+11.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+6.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+4.3%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nA Lido DAO Proposal Faces Criticism, Even Before It\'s Formally Presented. What\'s Next?\nBy Sam Reynolds\nAs Ethereum’s Shanghai fork,which will allow for the withdrawal of staked ether, draws closer, Lido DAO, the entitybehind the liquid staking token stETH, is preparing a proposal to allow for withdrawals from stETH. While the proposal hasn’t been formerly put before the decentralized autonomous organization for voting, it has found a critic in Galaxy Digital – and its governance token has dropped 15% in the last week despite strong performance from ether.\nOn the surface, Lido DAO’s proposal for allowing withdrawals from stETH seems routine and follows what’s expected in the Shanghai hard fork. Users will send a withdrawal request to a smart contract called “WithdrawalQueue,” which will reserve the amount of ether required for redemption as well as calculate the redemption rate, then withdrawals will be processed in the order that they are received.\nBut Galaxy has recently highlighted some issues with the proposal as it stands, that could lead to a few worst-case scenarios.\nWithin the Ethereum staking economy,slashingis sort of like a sanction against a validator that is accused of breaking the rules. The validator is penalized and either kicked off the Ethereum network or briefly censured. You can think of it as OFAC-by-democracy.\nUsuallyslashingonly happens when validators engage in bad technical behavior such as proposing multiple blocks, submitting contradictory votes to proposals, or going offline for an extended period of time. But as CoinDesk columnist Nic Carterhighlighted in a recent piece, there was a serious grassroots effort to slash validators such as Coinbase that complied with sanctions to deny Tornado Cash transactions. This isn’t good for institutional adoption.\nGalaxy notes that Lido could be the target of a mass-slash event, knocking its validators off the network. If this happens, Lido would enter “bunker mode,” where things are delayed up to 36 days for Lido to recalculate the stETH redemption rate and assess damage to the network. Worse, Galaxy writes, there’s the option for a total halt of withdrawals under what Lido calls the “gate seal smart contract."\n“There are edge case scenarios that change withdrawal dynamics on Lido and highlight unique risks associated with staking through an intermediary,” Galaxy writes, arguing that there are inherent risks with using an intermediary staking service above and beyond the risks that come from Ethereum.\nThe success of the entire protocol, says Galaxy, relies entirely on the price performance of stETH and the continued availability of liquidity in the stETH:ETH trading pair.\n“In the event that Lido validators are penalized or slashed, reducing the amount of total staked ETH in the protocol, users may receive less ETH for their stETH than what they had originally submitted,” Galaxy writes.\nThen there’s also the risk of delays.\n“The Lido Withdrawal Queue is an additional queue that operates separately from the withdrawals queue and exit queue enforced by the Etheruem protocol,” Galaxy writes. “Therefore, there may be additional delays that users are subject to when withdrawing their staked ETH due to the procedures set by the staking intermediary.”\nTo be sure, Galaxy isn’t trying to discourage anyone from using an intermediary like Lido.On-chain data showsthat using an intermediary is how the vast majority of staking is done: Lido, Coinbase, Kraken and Binance control nearly 50% of this market.\nIt’s just that there is a new layer of risk introduced, and in this market, it\'s something of which investors need to be more cognizant.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Jan)\n12:15 p.m. HKT/SGT(4:15 UTC)United States ADP Employment Change (Jan)\n6:00 p.m. HKT/SGT(10:00 UTC)United States Fed Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger \'Healthy Pullback\' in Bitcoin\n"First Mover" covered the latest in crypto markets and regulation as the Federal Open Market Committee (FOMC) meeting kicked off Tuesday ahead of a decision on interest rates Wednesday and the fight over crypto regulation escalated. CFTC Commissioner Kristin N. Johnson, Chamber of Digital Commerce founder and CEO Perianne Boring, and21.coco-founder and CEO Hany Rashwan joined the conversation.\nStrike Expands Lightning Network-Powered Remittances to Philippines:The Philippines is one of the world’s largest remittance markets, at $35 billion, and Strike says it will use its service, powered by the Bitcoin blockchain\'s Lightning Network, to make the international payments faster and cheaper than available in the traditional financial system.\nHong Kong to Require Stablecoin Licensing as Early as This Year:Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.\nCelsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner:Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme\nNFT Marketplace Sudoswap Airdrops Tokens to Liquidity Providers and 0xmon Holders:SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.\nFed Preview: Powell to Trigger \'Healthy Pullback\' in Bitcoin, Experts Say:Financial conditions have loosened to a point where the Fed chairman may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and other cryptocurrencies closed a successful January. Will the remainder of the Year of the Rabbit in the lunar zodiac see the momentum continue? Insights: A Lido DAO proposal faces criticism, even before it\'s formally presented. Lido\'s governance token is down. What\'s next? Prices CoinDesk Market Index (CMI) 1,086.99 +17.1 ▲ 1.6% Bitcoin (BTC) $23,086 +286.3 ▲ 1.3% Ethereum (ETH) $1,585 +16.8 ▲ 1.1% S&P 500 daily close 4,076.60 +58.8 ▲ 1.5% Gold $1,943 +19.8 ▲ 1.0% Treasury Yield 10 Years 3.53% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Finishes January up 40% as Crypto Hops Into the Year of the Rabbit By Sam Reynolds Happy February. Bitcoin is at $23,129, up 1.3% in the last 24 hours, while ether is up 1.2% to $1,586.23. The two largest digital assets by market value wrapped up a monumental January, beating expectations by posting double-digit gains – bitcoin by 40% and ether by 32%. January also proved to be the season of the altcoins with Cardano\'s ADA up 56%, dogecoin (DOGE) up 37%, solana (SOL) up 140% and avalanche (AVAX) up 82%. While most crypto investors are looking to the stock market and U.S. Federal Reserve meeting minutes for guidance, just for a minute we’d like to – for a sense of levity – look to the heavens to see what the stars might tell us. Most of East Asia has returned to work from celebrating the Lunar New Year. In the Lunar zodiac, 2023 is the year of the rabbit, and legend says this year should be as calm, peaceful and tender as the animal itself. CLSA, a major brokerage based in Hong Kong, wrote in a note published in January that all macro economic indicators point to this year as being one where the market "hops" around. “Gentle, quick and responsible, the Rabbit is the fourth animal in the 12-year cycle of the Chinese horoscope. Together with yin water, this combination bodes well for a calmer 2023 compared to last year’s tumultuous experience,” the brokerage wrote, while also reminding investors to seek professional advice before making a decision. “This year’s bazi, or destiny chart, advises us to step out of our comfort zone but remain mindful of perils afoot. After all, a rabbit’s foot is lucky for everyone but the fluffy woodland creature.” Story continues Tiger years , of which 2022 was one, are marked by being competitive and unpredictable – and we all know how this went. Biggest Gainers Asset Ticker Returns DACS Sector Loopring LRC +11.4% Smart Contract Platform Terra LUNA +6.3% Smart Contract Platform Dogecoin DOGE +4.3% Currency Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −0.3% Smart Contract Platform Insights A Lido DAO Proposal Faces Criticism, Even Before It\'s Formally Presented. What\'s Next? By Sam Reynolds As Ethereum’s Shanghai fork, which will allow for the withdrawal of staked ether , draws closer, Lido DAO, the entity behind the liquid staking token stETH , is preparing a proposal to allow for withdrawals from stETH. While the proposal hasn’t been formerly put before the decentralized autonomous organization for voting, it has found a critic in Galaxy Digital – and its governance token has dropped 15% in the last week despite strong performance from ether. On the surface, Lido DAO’s proposal for allowing withdrawals from stETH seems routine and follows what’s expected in the Shanghai hard fork. Users will send a withdrawal request to a smart contract called “WithdrawalQueue,” which will reserve the amount of ether required for redemption as well as calculate the redemption rate, then withdrawals will be processed in the order that they are received. But Galaxy has recently highlighted some issues with the proposal as it stands, that could lead to a few worst-case scenarios. Within the Ethereum staking economy, slashing is sort of like a sanction against a validator that is accused of breaking the rules. The validator is penalized and either kicked off the Ethereum network or briefly censured. You can think of it as OFAC-by-democracy. Usually slashing only happens when validators engage in bad technical behavior such as proposing multiple blocks, submitting contradictory votes to proposals, or going offline for an extended period of time. But as CoinDesk columnist Nic Carter highlighted in a recent piece , there was a serious grassroots effort to slash validators such as Coinbase that complied with sanctions to deny Tornado Cash transactions. This isn’t good for institutional adoption. Galaxy notes that Lido could be the target of a mass-slash event, knocking its validators off the network. If this happens, Lido would enter “bunker mode,” where things are delayed up to 36 days for Lido to recalculate the stETH redemption rate and assess damage to the network. Worse, Galaxy writes, there’s the option for a total halt of withdrawals under what Lido calls the “gate seal smart contract." “There are edge case scenarios that change withdrawal dynamics on Lido and highlight unique risks associated with staking through an intermediary,” Galaxy writes, arguing that there are inherent risks with using an intermediary staking service above and beyond the risks that come from Ethereum. The success of the entire protocol, says Galaxy, relies entirely on the price performance of stETH and the continued availability of liquidity in the stETH:ETH trading pair. “In the event that Lido validators are penalized or slashed, reducing the amount of total staked ETH in the protocol, users may receive less ETH for their stETH than what they had originally submitted,” Galaxy writes. Then there’s also the risk of delays. “The Lido Withdrawal Queue is an additional queue that operates separately from the withdrawals queue and exit queue enforced by the Etheruem protocol,” Galaxy writes. “Therefore, there may be additional delays that users are subject to when withdrawing their staked ETH due to the procedures set by the staking intermediary.” To be sure, Galaxy isn’t trying to discourage anyone from using an intermediary like Lido. On-chain data shows that using an intermediary is how the vast majority of staking is done: Lido, Coinbase, Kraken and Binance control nearly 50% of this market. It’s just that there is a new layer of risk introduced, and in this market, it\'s something of which investors need to be more cognizant. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Core Harmonized Index of Consumer Prices (YoY/Jan) 12:15 p.m. HKT/SGT(4:15 UTC) United States ADP Employment Change (Jan) 6:00 p.m. HKT/SGT(10:00 UTC) United States Fed Interest Rate Decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : CFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger \'Healthy Pullback\' in Bitcoin "First Mover" covered the latest in crypto markets and regulation as the Federal Open Market Committee (FOMC) meeting kicked off Tuesday ahead of a decision on interest rates Wednesday and the fight over crypto regulation escalated. CFTC Commissioner Kristin N. Johnson, Chamber of Digital Commerce founder and CEO Perianne Boring, and 21.co co-founder and CEO Hany Rashwan joined the conversation. Headlines Strike Expands Lightning Network-Powered Remittances to Philippines: The Philippines is one of the world’s largest remittance markets, at $35 billion, and Strike says it will use its service, powered by the Bitcoin blockchain\'s Lightning Network, to make the international payments faster and cheaper than available in the traditional financial system. Hong Kong to Require Stablecoin Licensing as Early as This Year: Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said. Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner: Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme NFT Marketplace Sudoswap Airdrops Tokens to Liquidity Providers and 0xmon Holders: SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable. Fed Preview: Powell to Trigger \'Healthy Pullback\' in Bitcoin, Experts Say: Financial conditions have loosened to a point where the Fed chairman may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and other cryptocurrencies closed a successful January. Will the remainder of the Year of the Rabbit in the lunar zodiac see the momentum continue?\nInsights:A Lido DAO proposal faces criticism, even before it\'s formally presented. Lido\'s governance token is down. What\'s next?\nCoinDesk Market Index (CMI)\n1,086.99\n+17.1▲1.6%\nBitcoin (BTC)\n$23,086\n+286.3▲1.3%\nEthereum (ETH)\n$1,585\n+16.8▲1.1%\nS&P 500 daily close\n4,076.60\n+58.8▲1.5%\nGold\n$1,943\n+19.8▲1.0%\nTreasury Yield 10 Years\n3.53%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Finishes January up 40% as Crypto Hops Into the Year of the Rabbit\nBy Sam Reynolds\nHappy February.\nBitcoin is at $23,129, up 1.3% in the last 24 hours, while ether is up 1.2% to $1,586.23.\nThe two largest digital assets by market value wrapped up a monumental January, beating expectations by posting double-digit gains – bitcoin by 40% and ether by 32%.\nJanuary also proved to be the season of the altcoins with Cardano\'s ADA up 56%, dogecoin (DOGE) up 37%, solana (SOL) up 140% and avalanche (AVAX) up 82%.\nWhile most crypto investors are looking to the stock market and U.S. Federal Reserve meeting minutes for guidance, just for a minute we’d like to – for a sense of levity – look to the heavens to see what the stars might tell us.\nMost of East Asia has returned to work from celebrating the Lunar New Year. In the Lunar zodiac, 2023 is the year of the rabbit,and legend saysthis year should be as calm, peaceful and tender as the animal itself.\nCLSA, a major brokerage based in Hong Kong,wrote in a notepublished in January that all macro economic indicators point to this year as being one where the market "hops" around.\n“Gentle, quick and responsible, the Rabbit is the fourth animal in the 12-year cycle of the Chinese horoscope. Together with yin water, this combination bodes well for a calmer 2023 compared to last year’s tumultuous experience,” the brokerage wrote, while also reminding investors to seek professional advice before making a decision. “This year’s bazi, or destiny chart, advises us to step out of our comfort zone but remain mindful of perils afoot. After all, a rabbit’s foot is lucky for everyone but the fluffy woodland creature.”\nTiger years, of which 2022 was one, are marked by being competitive and unpredictable – and we all know how this went.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+11.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "+6.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+4.3%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.3%", "DACS Sector": "Smart Contract Platform"}]\nA Lido DAO Proposal Faces Criticism, Even Before It\'s Formally Presented. What\'s Next?\nBy Sam Reynolds\nAs Ethereum’s Shanghai fork,which will allow for the withdrawal of staked ether, draws closer, Lido DAO, the entitybehind the liquid staking token stETH, is preparing a proposal to allow for withdrawals from stETH. While the proposal hasn’t been formerly put before the decentralized autonomous organization for voting, it has found a critic in Galaxy Digital – and its governance token has dropped 15% in the last week despite strong performance from ether.\nOn the surface, Lido DAO’s proposal for allowing withdrawals from stETH seems routine and follows what’s expected in the Shanghai hard fork. Users will send a withdrawal request to a smart contract called “WithdrawalQueue,” which will reserve the amount of ether required for redemption as well as calculate the redemption rate, then withdrawals will be processed in the order that they are received.\nBut Galaxy has recently highlighted some issues with the proposal as it stands, that could lead to a few worst-case scenarios.\nWithin the Ethereum staking economy,slashingis sort of like a sanction against a validator that is accused of breaking the rules. The validator is penalized and either kicked off the Ethereum network or briefly censured. You can think of it as OFAC-by-democracy.\nUsuallyslashingonly happens when validators engage in bad technical behavior such as proposing multiple blocks, submitting contradictory votes to proposals, or going offline for an extended period of time. But as CoinDesk columnist Nic Carterhighlighted in a recent piece, there was a serious grassroots effort to slash validators such as Coinbase that complied with sanctions to deny Tornado Cash transactions. This isn’t good for institutional adoption.\nGalaxy notes that Lido could be the target of a mass-slash event, knocking its validators off the network. If this happens, Lido would enter “bunker mode,” where things are delayed up to 36 days for Lido to recalculate the stETH redemption rate and assess damage to the network. Worse, Galaxy writes, there’s the option for a total halt of withdrawals under what Lido calls the “gate seal smart contract."\n“There are edge case scenarios that change withdrawal dynamics on Lido and highlight unique risks associated with staking through an intermediary,” Galaxy writes, arguing that there are inherent risks with using an intermediary staking service above and beyond the risks that come from Ethereum.\nThe success of the entire protocol, says Galaxy, relies entirely on the price performance of stETH and the continued availability of liquidity in the stETH:ETH trading pair.\n“In the event that Lido validators are penalized or slashed, reducing the amount of total staked ETH in the protocol, users may receive less ETH for their stETH than what they had originally submitted,” Galaxy writes.\nThen there’s also the risk of delays.\n“The Lido Withdrawal Queue is an additional queue that operates separately from the withdrawals queue and exit queue enforced by the Etheruem protocol,” Galaxy writes. “Therefore, there may be additional delays that users are subject to when withdrawing their staked ETH due to the procedures set by the staking intermediary.”\nTo be sure, Galaxy isn’t trying to discourage anyone from using an intermediary like Lido.On-chain data showsthat using an intermediary is how the vast majority of staking is done: Lido, Coinbase, Kraken and Binance control nearly 50% of this market.\nIt’s just that there is a new layer of risk introduced, and in this market, it\'s something of which investors need to be more cognizant.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Jan)\n12:15 p.m. HKT/SGT(4:15 UTC)United States ADP Employment Change (Jan)\n6:00 p.m. HKT/SGT(10:00 UTC)United States Fed Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger \'Healthy Pullback\' in Bitcoin\n"First Mover" covered the latest in crypto markets and regulation as the Federal Open Market Committee (FOMC) meeting kicked off Tuesday ahead of a decision on interest rates Wednesday and the fight over crypto regulation escalated. CFTC Commissioner Kristin N. Johnson, Chamber of Digital Commerce founder and CEO Perianne Boring, and21.coco-founder and CEO Hany Rashwan joined the conversation.\nStrike Expands Lightning Network-Powered Remittances to Philippines:The Philippines is one of the world’s largest remittance markets, at $35 billion, and Strike says it will use its service, powered by the Bitcoin blockchain\'s Lightning Network, to make the international payments faster and cheaper than available in the traditional financial system.\nHong Kong to Require Stablecoin Licensing as Early as This Year:Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.\nCelsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner:Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme\nNFT Marketplace Sudoswap Airdrops Tokens to Liquidity Providers and 0xmon Holders:SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.\nFed Preview: Powell to Trigger \'Healthy Pullback\' in Bitcoin, Experts Say:Financial conditions have loosened to a point where the Fed chairman may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.', 'SINGAPORE , Jan. 31, 2023 /PRNewswire/ -- dappOS announced today that it has joined forces with decentralized spot and perpetual exchange GMX to provide the seamless user experience empowered by the dappOS Web3 operating protocol. This collaboration will lower barriers to entry for users to access GMX\'s DeFi functions on the Arbitrum and Avalanche blockchains. Darren Mayberry , Ecosystem Lead at dappOS shares his views on this new product launch: "GMX empowers users by letting them benefit from its low swap fees and zero price impact trades when leverage trading and market making through GLP. dappOS simplifies the procedures and makes DeFi intuitive, allowing users to access GMX seamlessly cross-chain. Together, we can realize the promise of Web3 for truly democratic decentralized finance." Introducing GMX GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and enables permissionless leveraged trading. Trading is supported by a unique multi-asset pool, GLP, which earns liquidity providers fees from market making, swap fees and leverage trading. The exchange provides services on the Avalanche blockchain and Arbitrum Layer-2. GMX users can trade, hedge and earn yield by providing liquidity for leading tokens including ETH , BTC, AVAX, UNI and LINK. Dynamic pricing is supported by Chainlink oracles and an aggregate of prices from leading volume exchanges. GMX became the top dApp on Arbitrum by TVL and\xa0the leading perpetual exchange in DeFi, over the last year. The total trading volume on the Ethereum Layer-2 exceeded $80 billion , as of December 2022 . An additional $18.4 billion in trading volume has been realized on the Avalanche blockchain, by more than 22,400 users trading on GMX. The GMX contracts have been audited, you can check the audit report here: https://github.com/gmx-io/gmx-contracts/tree/master/audits Learn more about GMX: Website Medium Twitter Telegram Discord Story continues What is dappOS dappOS is a Web3 operating protocol. dappOS improves Web3 user experience and makes it as frictionless for users as using their familiar mobile apps. This helps to overcome the usual hurdles for users, such as Web3 wallet setup, gas token purchase and bridge tokens from one blockchain to another. dappOS was also selected to join the Binance incubation program Season5. dappOS focuses on solving the complicated issues behind the scenes. With its innovative solution, the workflow on dApps can be simplified, and the same seamless user experience can be provided to users from different chains. To exemplify, an A-chain user can use B-chain dApps through the same user interface as on A-chain. In this way, dApps can be used across chains seamlessly, without incurring unique gas fees on each chain. Learn more about dappOS: Website Twitter Telegram Discord Audits Experience the product and unlock more opportunities as our first batch of users dappOS and GMX will jointly organize a series of campaigns for this exciting product launch soon, featuring a new referral program with an extra 20% bonus (release details soon). Please tune in to our respective Twitter accounts for more announcements and campaign details. Access GMX deployed on Avalanche from a BSC wallet is already supported. Head to the following link and check out our product today: https://gmx.dappos.finance Upcoming development roadmap in February - Support buy/sell/stake GLP/GMX - Support Ethereum wallets The dappOS interface is built utilizing the GMX interface from GMX\'s github, but may not at all times be the most recent version of the interface. Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/the-pilot-version-of-gmx-powered-by-dappos-is-going-live-301735547.html SOURCE dappOS', 'SINGAPORE , Jan. 31, 2023 /PRNewswire/ -- dappOS announced today that it has joined forces with decentralized spot and perpetual exchange GMX to provide the seamless user experience empowered by the dappOS Web3 operating protocol. This collaboration will lower barriers to entry for users to access GMX\'s DeFi functions on the Arbitrum and Avalanche blockchains. Darren Mayberry , Ecosystem Lead at dappOS shares his views on this new product launch: "GMX empowers users by letting them benefit from its low swap fees and zero price impact trades when leverage trading and market making through GLP. dappOS simplifies the procedures and makes DeFi intuitive, allowing users to access GMX seamlessly cross-chain. Together, we can realize the promise of Web3 for truly democratic decentralized finance." Introducing GMX GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and enables permissionless leveraged trading. Trading is supported by a unique multi-asset pool, GLP, which earns liquidity providers fees from market making, swap fees and leverage trading. The exchange provides services on the Avalanche blockchain and Arbitrum Layer-2. GMX users can trade, hedge and earn yield by providing liquidity for leading tokens including ETH , BTC, AVAX, UNI and LINK. Dynamic pricing is supported by Chainlink oracles and an aggregate of prices from leading volume exchanges. GMX became the top dApp on Arbitrum by TVL and\xa0the leading perpetual exchange in DeFi, over the last year. The total trading volume on the Ethereum Layer-2 exceeded $80 billion , as of December 2022 . An additional $18.4 billion in trading volume has been realized on the Avalanche blockchain, by more than 22,400 users trading on GMX. The GMX contracts have been audited, you can check the
**Last 60 Days of Bitcoin's Closing Prices:**
[16908.24, 17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-01
**Financial & Commodity Data:**
- Gold Closing Price: $1927.80
- Crude Oil Closing Price: $76.41
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,642,019,700
- Hash Rate: 267991996.5546664
- Transaction Count: 345561.0
- Unique Addresses: 745886.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin Well Online User Growth Online user growth over the last several months EDMONTON, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (TSXV: BTCW) (Bitcoin Well or Company) is pleased to announce executive promotions alongside a company update in advance of our Q4 and Year End 2022 financials. The Company is excited to report the promotion of Allen Stephen, CPA, CA as an official member to the Board of Directors. Allen has been an integral part of our team over the last year and has helped us on a number of different initiatives. We are excited to have him as a prominent member of the Board of Directors to continue to help shape the strategy of our organization. Bitcoin Well is equally pleased to announce the promotion of Luke Thibodeau, CPA, CFA as Chief Financial Officer. Luke has been a member of our organization since 2020, serving as the Director of Finance, Chief Compliance Officer, and interim Chief Financial Officer in that time. Im looking forward to the transition to the Board and proud to hand over the CFO position to Luke, whom I have worked closely with over the past 12 months, stated Allen. Im going to continue to bring my fintech, banking and start-up experience to our strategic Board of Directors, while we continue to build in this revolutionary industry. Luke Thibodeau has successfully led high-performing accounting and finance teams throughout his career. His financial background includes tenure at both MNP LLP, one of Canadas leading accounting and professional services firms, and PriceWaterhouseCoopers (PwC), an international professional services firm. Mr. Thibodeau earned his Chartered Professional Accountant (CPA) designation from the CPA Western School of Business in 2020, and his Certified Anti-Money Laundering Specialist (CAMS) designation from the ACAMS institute in 2021. In addition to this, Mr. Thibodeau became a Chartered Financial Analyst (CFA) charterholder in December 2022. Luke has been a valued member of our team since he joined the team nearly three years ago. He was quick to pick up on the nuances of our industry, and now is rooted in a Bitcoin philosophy that might rival some of the greatest Bitcoin OGs, said Adam, founder and CEO of the Company. With the addition of his CFA charter last year as well as working with Allen, I have personally seen his financial knowledge and expertise grow to a level that I am confident will allow Bitcoin Well to thrive as we enter a new era of the Bitcoin industry and the public markets. Story continues Finally, the Company is announcing an update to the development of our online portal at bitcoinwell.com/app . Since securing Convertible Debt in February 2022, we have achieved a number of technological and user milestones. As a reminder, our online portal is a non-custodial platform that allows individuals to buy and sell bitcoin in under 30 seconds directly from their bank account using either Interac e-Transfer or Visa Debit. Bitcoin Well is the fastest and safest place to buy bitcoin online, said Adam OBrien, founder and CEO of Bitcoin Well. One of the key successes of our portal has been its ability to attract and retain customers with little to no marketing or advertising costs, continued Adam. While we expect the average customer acquisition cost to increase (currently around $2/user), we are committed to innovation which will help us add fuel to the spark that was our 2022 growth. The Companys non-custodial ecosystem allows for users to have the speed and competitive pricing they are accustomed to, wrapped in the safest way to buy bitcoin. I believe our non-custodial platform offers the obvious alternative to customers actively seeking out a safer place to buy bitcoin in the wake of a year full of custodian failures. The online user growth over the last several months is captured in the following graphic: Online user growth over the last several months The Company is set to release Q4 and 2022 financial results on February 16. About Bitcoin Well Bitcoin Well is in the business of future-proofing money. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit drives cash-flow to help fund this mission. Sign up for our newsletter and follow us on LinkedIn and Twitter to keep up to date with our business. Bitcoin Well Contact Information To book a virtual meeting with our Founder & CEO Adam OBrien please use the following link: https://calendly.com/adamobitcoin/meet-adam For additional investor & media information, please contact: Tel: 1 888 711 3866 [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release . Forward-Looking Information: Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Bitcoin Well actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions, and other factors, many of which are beyond the control of Bitcoin Well. Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well expectations as of the date hereof, and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. For more information, see the Cautionary Note Regarding Forward Looking Information found in the Bitcoin Well quarterly Management Discussion and Analysis. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ef6a421-3eff-4ac3-9333-d51a0b3bebf5...
- Reddit Posts (Sample): [['u/Kroftyy', 'I just finished watching The Challenge: Champs v Stars for the first time. Here are some of my thoughts!', 37, '2023-02-01 01:46', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/', "Hey all,\n\nBack with another nice and quickly this time!\n\nToday I bring to you my thoughts on my twenty-eighth season of The Challenge, and my second spinoff, Champs v Stars! Again, much like the first spinoff, it’s a fun, fluffy season, that isn’t too serious, and an easy watch. It feels largely pretty inconsequential, whilst at the same time, having some major moments for certain characters that I wouldn’t have wanted to miss. \n\nLike my v Pros post, this is going to be a shorter form post again, just because there’s quite a bit less to talk about.\n\n**Disclaimer: At this stage I have only seen seasons 5-30, CvP and CvS of The Challenge, please refrain from spoiling any other seasons, or returning players. Thanks :)**\n\n**TL;DR Summary**\n\nChamps v Stars is the second official spinoff from the main show. It pits a group of challengers, notably not Champs only, despite the name, against a number of ‘Stars’, ranging between TV Stars, to Sports Stars, etc. The season has summer-camp vibes, with simple and fun challenges. There is a small amount of drama, but what’s there is interesting enough, and both the Champs and Stars are relatively well cast. Unfortunately the season is incredibly one-sided, with Champs winning every single challenge. Everyone seems to be having fun though, and enjoying raising money for charity. \n\n**The Good**\n\n&#x200B;\n\n* Lots of money raised for fantastic charities\n* Everyone is generally having a good, fun time, and not taking things too seriously\n* Emily S and Wes\n* Dailies are dumb fun, and eliminations are pretty good too\n\n**The Not So Good**\n\n&#x200B;\n\n* Quite a few of the Stars really phone it in, and seem to not want to be involved.\n* So many DQs/quits\n* Stupidly one-sided - Champs win every single daily challenge through the entire season\n* The final is so dumb, and simply a bunch of Carnival games followed by a short stint of endurance. \n\n**The format**\n\nA quick note on the format this season. It’s a pretty simple one, but it’s nice to have a simple format sometimes.\n\nWe have 10 Challenge Competitors (not, not Champions only, despite the name), staring down against 10 ‘Stars’, ranging from people famous from TV Shows, to sports stars and music artists. \n\nEach episode, the Champs face the Stars in a daily challenge - these challenges are all dumb fun, and involve things like trampoline basketball and giant foosball. The winners of each challenge get to self-nominate and MVP - this most-valuable-player has sole power to nominate an LVP from their team (male or female depending on what ‘day’ it is) to send into elimination. The losing team also needs to nominate a LVP, but it is done via majority vote rather than someone possessing all the power. \n\nEliminations play out much like the main show, with alternating male and female days, and winners reentering the game, whilst losers head home. It was nice for the Champs to ACTUALLY verse the Stars, per the name of the season - whereas last season had Champ v Champ and Pro v Pro eliminations.\n\nThat’s about it, format wise. There is a giant purge before the final challenge where SIX people go home. The top performing male and female from each team stays in the game, and then they get to decide on the third person (male OR female) who will be joining them. A weird choice, but it’s a weird season, so I’m fine with it.\n\nOverall, I enjoyed the format. It’s super simple, but it’s a fun enough one and lead to some fun drama. \n \n\n**The cast**\n\nThoughts that are a bit more rapid-fire than usual, being a spin-off and all that. \n\n**The Champs**\n\nThe Champs have a pretty good team foundation - I like the cast they brought together, even though I DID go into the season expecting CHAMPS. \n\n**Bananas:** Johnny is Johnny. He’s having a lot fun this season and is in prime asshole form, instigating people, making fun of people, etc. It was nice to see how much he cared about his charity, and I was honestly fine with seeing him win this time around. \n\n**CT:** The same kind of appearance we’ve seen on the last few seasons from CT, for better or worse. Again, he’s having a lot of fun, much like Johnny. He has some really funny moments, and I particularly enjoyed his verbal altercation with TO, harkening back to the old CT. \n\n**Emily S:** My favourite challenger by far this season - I’ve always been a huge fan of Emily, and that hasn’t changed. She’s just the best. A physical beast, dominating everything she tries, whilst also being really down to earth and likeable. I could root for her on any season, EASILY. I hope this appearance means we are due to see more of her on the main show.\n\n**Tori:** Really enjoyed seeing Tori sub in, even though it was quite a late addition to the show (seriously late - supposedly replaced Ashley who left, what, episode 2?). She maintains the same fun energy that she had in her debut season, and I loved seeing more of her. It was fun seeing her talk about being out of depth, particularly at the end when the remaining people on her team were all HUGE challenge players through the years.\n\n**Wes:** A very fun Wes season imo, I hope to see him back on the main show ASAP. He’s at peak arrogance and cockiness, and I loved how much fun he was having trying to be a mastermind. Wes v Bananas rears its head here, and has some great moments (like the MVP debacle). \n\n**Zach:** A pretty low-key season for Zach. He has some good physical moments, but is largely a background character, and manages to not be too much of a douche. Appreciate him giving his second MVP winnings to Ashley’s charity, and he seemed to have genuine care for Jenna when she as injured.\n\n**Aneesa:** A very forgettable Aneesa season. I couldn’t believe it when she got a CAGE MATCH elimination against a UFC fighter. Had me dying.\n\n**Ashley:** A sad season for Ashley - she has had such a bad run of luck over these last few seasons and I really feel for her. Hoping she comes out of all of this one the other side better and stronger.\n\n**Jenna:** Such an unfortunate injury for Jenna - it seemed pretty serious so I’ll be interested to see if it impacts her on future seasons. Up until he injury her entire storyline was ‘ohhhhh Zach’ though. Facepalm.\n\n**Cory:** Huge surprise to see Cory as a first boot - would have loved to see him stick around longer.\n\n**Camila:** And finally we have reached the final Camila appearance, afaik. What a fantastic day. I knew something was up from the moment the season started because she got ZERO screen time. It’s like she wasn’t even there. Cue her drunkedly humping concrete before the PA assault and joy-riding a golf buggy. Sayonara, hope to see you never.\n\n**The Stars**\n\nA bit of a kooky gathering this season - I personally don’t know any of them, but they were fun enough I guess. Some worth calling out:\n\n&#x200B;\n\n* **Justina** was great fun - really leaning into the drama of the show, whilst being a good physical competitor too.\n* **Michelle** was great - really likeable, and again, a good competitor.\n* **Matt** was a good addition if only for his flip-flopping between alliances, and all the drama that generated.\n* **Riff Raff** was honestly an icon. What crazy casting. So many wacky things, I don’t even know if this guy knew where he WAS half the time.\n* **Romeo** introduced a good amount of drama too - I liked his friendship with Wes, and was gobsmacked at him pulling in his security team to stand-off with Zach lmao\n* **Terrell** is an obvious loose-cannon. Would have loved seeing him stick around, largely because he was causing so much conflict, but what we got was still pretty entertaining. Really felt like he didn’t want to be there though.\n\nThe others are either completely forgettable, or just a bit invisible imo.\n\n**The challenges**\n\nThe challenges this season are VERY different to a typical Challenge season. They really, REALLY lean into ‘summer camp’ vibes, with almost all challenges being at some weird location, and a bit dumb. They were all QUITE fun though.\n\n**The dailies**\n\n&#x200B;\n\n* **Parkour the Course** was my favourite challenge of the season. Such cool design. One person is let loose in a parkour gym, where there are a number of scattered flags around the obstacles, worth a differing number of points. After a set amount of time, a ‘Chaser’ is released from the opposite team who needs to tag the other player, ending their run. A great combination of parkour and tag, and it was so much fun to watch some of these challenge Vets play this game\n* **Slamball** is another fantastic one - nice and simple, basketball in a trampoline arena. Lots of funny moments and big hits here.\n* **Jumbo Foosball** is ridiculous in all the right ways. Seeing everybody get so aggressive and try so hard when they are playing FOOSBALL is just hilarious. This is about the only time there was good competition between the two teams as well.\n* **Sink or Swim** is a good Purge challenge, although it felt strange for everything to hinge on a particular skill like swimming. It involves completing a set of underwater obstacles. I kept getting taken out of it a little bit every time I was like ‘oh, they are at a local pool, lol’, but it was still good fun, and pretty close.\n\nThe other dailies were all fun as well, but had less standout moments. The only complete flop is **Flag Pole,** where individuals need to run down a path, collecting flags for time deductions, before climbing a moving pole to collect more flags, and swimming to a bell. The only problem being the pole fell over straight away EVERY SINGLE TIME, practically being useless. It would have been impossible, and time-inefficient, to climb to the top.\n\n**The eliminations**\n\nEliminations were fine this season - we got some good ones, but no showdowns were really intense or exciting.\n\n&#x200B;\n\n* **Target Practice** was such a dumb game, involving standing on top of rotating spinners, and trying to throw balls through a few holes. Just a weird challenge. Not a fan\n* **Ground Control** was a good one, if a complete blowout in Wes’ favour. It was like upside down, ladder tug-of-war.\n* **Lasso Me** was the dumbest, DUMBEST version of like ‘wrestle in a circle’ I’ve seen yet. You need to throw a hula hoop over your opponent??\n* **Tic Tac Hole** is again, dumb, but in a fun way, and I would have enjoyed seeing it a bit more competitive. It really reminded me of an early-era elimination challenge. It involved putting a hole, before placing a connect-four disc.\n* **Cage Match** was the best elimination round, and left for last. Absolutely metal. It involves what is essentially pole wrestle with a rope, before scaling a wrestling cage, and getting to the other side. Aneesa put in work here, it’s a shame she was against a UFC fighter though lol.\n\n**The final**\n\nA very lame final. Understandable that they can’t have something hyper-crazy because of the Stars, but at least last season they attempted something that resembled a challenge final, involving a large scale race with multiple checkpoints.\n\nThis one was just… four random little carnival games much like dailies. Not a fan. \n\n**Random remaining thoughts from throughout the season**\n\n&#x200B;\n\n* The Miz hosting was an unexpected surprise and he was absolutely fantastic. Knocked it out of the park. I loved the hosting style he brought to the show, very different form TJ obviously, but still very good. Things like interviewing the contestants before/after challenges. Lots of fun.\n* No-one: Bananas: KY Jelly wrestling match (?!?!)\n* Wes: ‘I sub in Bananas and the truck literally stops. He’s the worst. I shouldn’t have subbed him in’\n* The whole Camila thing is awful, once again, but also happy, because this is the last we see of her.\n* Matt: ‘Riff Raff is 100% going to lose, and we need to manpower. He will for sure lose.’ - lmao loved that confidence.\n* If I can make a comparison: chasing TO down is like chasing a jaguar. Chasing Riff Raff down is like chasing a drunken homeless man \n* Zach falling off the wall at parkour and just flopping to the ground was unironically hilarious \n* This season had everyone doing these like, pre-canned poses when they displayed points up on-screen. They were the cheesiest, lamest thing ever, but I loved them so much. Reminded me of early challenge seasons.\n* Loved the CT v TO fight, was nice to see CT get fired up, it’s been a while.\n* CT: ‘I DONT WANT YOU GUYS TO TALK TO ME, because I’m TO’ - his impression was sooo good. Followed by calling out TO for losing all his money lmao\n* Justina And Bananas dressing as each other was a fun little bit\n* TO quits, Bananas: ‘So you’re saying, that we did what multiple NFL teams couldn’t do, and got rid of him?’ - I don’t have any context but I thought that was funny even out of context.\n* Could not BELIEVE Romeo thought it was ok to go and get his bodyguard after catching an elbow in Slamball - as if that’s even on purpose. And then the bodyguard comes in full-on ready to throw hands with Zach. \n* Riff Raff dipping to a party and texting people he won’t be at that nights elimination lmao \n* Miz:’ Congratulations Wes, you just won the elimination, what was the hardest part about it?’ Wes: ‘Honestly, nothing . Sometimes it pays to eat the whole pizza’\n* Bananas thinks it would be cool if he won MVP at the next challenge because there is someone from his Charity coming to watch. Wes says that’s possible but implies he’d want safety in return. Then Wes is sooooo cold and convinces the women on the time that he deserves MVP because he has never won money for his charity before, even on the previous season. I was dying at the whole situation, but Bananas reaction to not winning MVP was priceless. \n* Bananas visitor from Special Olympics, Matt, says The Miz ranks as a Diva 😂\n* Wes convinces that he deserves the win because he’s never won money for his charity, even on the last season. Bananas salty because he was left out of the decision \n* Wes: ’It was amazing to take out Bananas last season. It would be even more amazing to see RIFF RAFF take out Bananas’ - imagine the alternate universe where this actually happened.\n* Wes, about Aneesa’s chest: ‘I’ve seen those things so many times I could probably draw them’\n* Miz: ‘Wes why should they take you to the final’ Wes: I’ll give you each 5 grand. Bitcoin, cash, a donation, whatever you want. I’ll also let you both compose a tweet to pin to my Twitter for one week each’ - honestly that’s a bloody tempting offer - surprised Bananas didn’t drop his pride to take it lol.\n\n**Conclusion**\n\nSo yeah, a nice and quick one this time around.\n\nIt’s a decent season - it’s a nice break from how serious the main show can often get, but that also tends to make it feel a little unnecessary or inconsequential. This season seems like it may be an exception though, with the obvious long-term affect of Camila, but Jenna and Ashley possibly impacted for future seasons as well. \n\nThe casting is mostly really solid, and everyone is having a great time. Dailies are fun and entertaining, and eliminations are mostly fit for purpose too. It’s a fine season, but it’s never going to be something amazing when it’s a silly little VS season, and that’s ok!\n\nNext up we have Vendettas, and I’m SO excited to continue with this one. I’m just loving the main show right now. I will most definitely be predicting the cast for this one, so be sure to check below for that.\n\nBut apart from that, thanks for reading, and I’ll see you in the comments, or on the next one!\n\n**Rankings**\n\n&#x200B;\n\n1. S25: Free Agents\n2. S24: Rivals 2\n3. S21: Rivals\n4. S13: The Duel\n5. S30: Dirty 30\n6. S10: Inferno 2\n7. S29: Invasion of The Champions\n8. S20: Cutthroat\n9. S8: The Inferno\n10. S19: Fresh Meat 2\n11. S12: Fresh Meat\n12. S17: The Duel 2\n13. S26: Battle of the Exes 2\n14. S22: Battle of the Exes\n15. S15: The Gauntlet 3\n16. S18: The Ruins\n17. S28: Rivals 3\n18. The Challenge: Champs vs Pros\n19. S6: Battle of the Sexes\n20. S14: Inferno 3\n21. S11: The Gauntlet 2\n22. S7: The Gauntlet\n23. **The Challenge: Champs vs Stars**\n24. S5: Battle of the Seasons\n25. S9: Battle of the Sexes 2\n26. S23: Battle of the Seasons (2)\n27. S27: Battle of the Bloodlines\n28. S16: The Island\n\n&#x200B;\n\nAnd I'll include my predictions here this time, just for fun.\n\n**Vendettas Predictions**\n\nAs always, I have to thank /u/NovaRogue for this fantastic predictions prompt:\n\n* 28 competitors\n* Theme is people who have had bad blood with each other, but it’s not paired rivals. A person may have multiple enemies on the cast\n* 5 new men, 5 new women\n* 5 winners, 2 women, 3 men\n* 6 other finalists - 4 men, 2 women\n* 3 women sophomores, 0 men\n* 1 old school legend returns, man\n* 1 Bloodline\n\nAlright so thinking about this broadly, I’m of the mindset that almost any single person on the show could reasonably have a Vendetta with SOMEBODY. That’s just what the show is about. So instead of focusing on the Vendettas themselves, I’m just going to focus on the numbers, and casting people I’m pretty sure of!\n\n**Males**\n\n* We need 14 males. We know 5 of these are newbies, leaving us with NINE to cast.\n* Only **THREE** male winners is a huge surprise. My gut feel is always CT, Bananas are here, which would only leave ONE other spot. That could go to Jordan, Derrick, Wes, even Brad (fulfilling the ‘old school legend returns’ quota). This makes me think that perhaps CT **and** Bananas aren’t here. \n* I’m going to take a wild guess and say CT is absent this season. **Bananas** is in.\n* He is joined by **Wes,** because I don’t think you could have a Challenge Vendettas season without him.\n* Final male winner, I was thinking Jordan… But my gut is screaming to me to cast Brad, largely because I just want to see him again, so I will. **Brad** it is.\n* Which means no Jordan, no CT, no Derrick after he JUST returned… shaping up to be a little strange lol.\n* We now need 4 male finalists - **Cory**, **Devin**, **Nelson** no chance they aren’t here. The last one is surely **Leroy,** as is tradition.\n* That covers all males from the prompts specifically, leaving us with non-finalists, non sophomores, non winners to fill out the remaining. Which means we are looking to cast **TWO** more 2+ timer males. **Tony** is all but guaranteed. I want to also say Hunter, but I feel like he may not be present after his injury last season… Oh!! **Shane L** is back again!\n\n**Females**\n\n* We need 14 males, again, 5 of which are newbies, leaving us with NINE to cast.\n* Only TWO female winners… **Cara Maria** is almost certainly here. She has too many Vendettas not to be. My gut was instantly like ‘Ashley!’ For the other, but thinking it through, that’s less likely given everything happening in her life… My heart wants Emily S but I genuinely don’t think she will be here. **Veronica** is much more likely that second female winner.\n* 2 women finalists are needed - **Tori** is a lock. Here for sure. Jenna, I’m going to say surprisingly isn’t, despite her prevalence on the show recently. Largely because of her injury. The other finalist is **Nicole Z.**\n* We have THREE women second timers - I’m going to ASSUME Tori doesn’t count for that one because of CvS, but Nicole Z WOULD, meaning we only need to account for two more one timers coming back. Lets say **Sylvia** from Invasion and **Britni** maybe?\n* I can see **Nicole R** fulfilling the ‘1 Bloodline’ quota. I can’t imagine anyone else from that season back.\n* Which again, leaves us TWO people to cast. Not sophomores, not winners, not finalist, meaning we are looking for 2+ timers who haven’t made a final. **Amanda** has for sure got to be one of them with her fiery personality - Vendettas galore. The final spot will go to… **Kailah** I suppose?\n\nWheh, I feel pretty good about that one in the end. I just recalled Zach dropping a ‘I’ll be back, sooner than you think’ on CvS, highly alluding to him being here though… But he is a WINNER, meaning one of Bananas/Wes/Brad would get subbed. I’m going to trust in that hint Zach has dropped, and as sad as it makes me sub out Wes for **Zach.** Giving us the final cast of:\n\n* Bananas\n* Zach\n* Brad\n* Cory\n* Devin\n* Nelson\n* Leroy\n* Tony\n* Shane L\n* Newbie 1-5\n* Cara\n* Veronica\n* Tori\n* Nicole Z\n* Nicole R\n* Sylvia\n* Britni\n* Amanda\n* Kailah\n* Newbie 6-10\n\nOff to watch Episode 1 to see how I did!", 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/', '10qfspp', [['u/MedievalHag', 14, '2023-02-01 02:36', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/j6pxnwg/', 'Parkour. When Riff-Raff (?) calls CT a “majestic Water Buffalo” lol', '10qfspp'], ['u/thephizzbot', 18, '2023-02-01 03:11', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/j6q2gom/', 'RiFF RAFF has always been a really funny, strange character and I was glad he had a fun appearance on The Challenge. \n\nHe DM’ed a girl I knew in college and it just say “U sangle?” And I’ll never forget that 😂', '10qfspp'], ['u/Acedia_37', 14, '2023-02-01 03:33', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/j6q5dru/', 'Champs vs Stars 3 was actually a very entertaining and competitive season.', '10qfspp'], ['u/eff1ngham', 10, '2023-02-01 04:20', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/j6qbpew/', 'Welcome back! CvS is a fun break. There\'s some fun moments and I actually really liked this season. Some of my favorite parts:\n\n\n\n\n - Johnny beating Wes in a swimming challenge was surprising. And I love him and Emily being like "what\'s our biggest weakness?" Both them: puzzles. Let\'s take CT to the final. Peak dad bod CT, they pass over Wes and Zach without much of a question.\n\n\n\n\n - Justina is a fucking boss and I wish they\'d cast her again. She was so fun and I think she\'d make a great addition to the main cast.\n\n\n\n\n - I have had a massive crush on Shawn Johnson for like, forever, seeing her on the show was so cool.\n\n\n\n\n - Riff Raff vs Johnny in mini golf is, perhaps the most impressive elimination of all time. Hall brawl, balls in, ascender, it doesn\'t compare to this absolute classic. It also reminds me of [a hilarious part from Orphan Black](https://www.youtube.com/watch?v=ura2PkfotTs&ab_channel=SweetieShy).\n\n\n\n\nOverall this was a fun but relatively forgettable season. The 3 champs are 3 of the best to ever do it. And I feel like this win gets lost in the mix. Next up you get a season that\'s got a lot of great moments, but I really don\'t like. I can see it being middle of the pack for you. Curious to see our take on it', '10qfspp']]], ['u/Gobby_Boy', 'My Eyes have been opened', 117, '2023-02-01 01:56', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/', "Been accepting payments for boosting services I run in videogames in crypto at a premium. Moving the money is slow, costly and just plain inconvenient. I'm making like 5% more after upcharging 10% for crypto payments, but what really got me was ordinals. \n\nSaw them first here. Figured, the bitcoin sub of all places should be covering this right? This sounds borderline catastrophic for the network. Just piles of bullshit about how bitcoin is the future and no news on what is a huge development to the blockchain. I'm done supporting this garbage, back to taking payments through PayPal where I can have my money ready to spend basically instantly.", 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/', '10qg0b5', [['u/AlbertManus', 45, '2023-02-01 03:29', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6q4ver/', 'Unfortunately for you, people make up their minds based on lived experience, rather than what makes for a better bad faith argument. Fiat works for people. Paypal works for people. People tried using crypto for payments, and it has failed.\n\nStick to the ponzi function that you have discovered for it, IMO, and sweep your failure as a currency under the rug.', '10qg0b5'], ['u/pauljaytee', 30, '2023-02-01 03:44', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6q6z2c/', 'Wow, this makes PayPal sound great! Like a spaceship having an airlock, vs. just being jettisoned. Thanks for explaining it so well! My eyes have been opened 🥰', '10qg0b5'], ['u/greyenlightenment', 69, '2023-02-01 03:48', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6q7gup/', "We're early. Slower transactions is the future, obviously.", '10qg0b5'], ['u/stormdelta', 28, '2023-02-01 04:00', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6q9403/', "You're portraying this as a negative, which it technically is for merchants... but in many cases for consumers this provides tools to combat fraud.\n\n> Bitcoin settles in the slow time of 10 minutes\n\nFor a very low limit of actual transaction throughput - i.e. it doesn't scale. Even if Lightning actually worked properly, it's still adding significant delay to the real settlement in order to batch transactions across open channels.", '10qg0b5'], ['u/Pablanomexicano', 16, '2023-02-01 04:39', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6qe673/', 'Idk paypal is pretty isntant', '10qg0b5'], ['u/AmericanScream', 29, '2023-02-01 05:55', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6qmwxk/', "> Paypal doesn't settle instantly. The sender can open a dispute for 180 days and the funds will be sent back to them if they win.\n\nPaypal settles instantly. The reverse is **a separate transaction**.\n\nDon't compare crypto's fraud-enabling features with Paypal's fraud-protection features.", '10qg0b5'], ['u/vughtzuid', 20, '2023-02-01 06:36', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6qr21x/', 'A wild bagholder appears!', '10qg0b5'], ['u/vughtzuid', 32, '2023-02-01 06:36', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6qr455/', 'Code = law. If the code allows it, it was intended.', '10qg0b5'], ['u/za419', 21, '2023-02-01 06:43', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6qrs4j/', "PayPal settles instantly, then allows the transaction to be reversed if fraud or something happens.\n\nBitcoin settles in ten minutes, but you're possibly screwed before then if fraud happens.\n\nPut another way, with PayPal you get your money instantly and both sides get fraud prevention. With bitcoin you get your money in ten minutes and a fraudulent transaction is permanent with no recourse whatsoever.\n\nIn what insane world would someone prefer bitcoin?", '10qg0b5'], ['u/andrew_kirfman', 15, '2023-02-01 07:50', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6qxo8x/', "What is this delusional garbage??\n\nI'm a merchant that uses PayPal extensively. I've never ever had money put on hold for days at a time, much less 3 weeks. It's nearly always totally available for use or transfer to my bank right after I receive it. \n\nChargebacks are a thing, but thats not a real problem for legitimate businesses (I've had one dispute out of almost 5k transactions the last few years and I won that dispute) and its also an amazing consumer protection if someone tries to scam you. \n\nBitcoin is wholly unusable in practice because transactions can't be clawed back. No one will want to use something that fucks them if they type in the wrong wallet address or send money to a scammer.", '10qg0b5'], ['u/Popatteri', 24, '2023-02-01 08:29', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6r0scm/', 'Aah, booster with a heart of gold.', '10qg0b5'], ['u/RagsZa', 14, '2023-02-01 08:41', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6r1rcd/', "Is it just me, or is this ordinals thing making a complete mockery of bitcoin? I really find it hilarious and all the pepe's and 4chan memes making their way onto the chain.", '10qg0b5'], ['u/entered_bubble_50', 12, '2023-02-01 10:58', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6rbmp7/', 'Yes, but then he wants to get actual real cash out, which involves going on an exchange, paying their fees and dealing with their bullshit.', '10qg0b5'], ['u/wstdsgn', 33, '2023-02-01 10:59', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6rbpmc/', 'I think the main reasons why you should not use Bitcoin are:\n\n* its undermining democratic laws\n* its using insane amounts of resources for guessing random numbers (which is only required in order to undermine laws)\n\nThe ordinals thing seems to make it even worse, but the other aspects are whats actually horrible about IMO.', '10qg0b5'], ['u/Gobby_Boy', 28, '2023-02-01 12:24', 'https://www.reddit.com/r/Buttcoin/comments/10qg0b5/my_eyes_have_been_opened/j6rhzy3/', "It's not ordinals themselves, but realizing that noone in this space is actually serious about the technology (I thought it was neat tbh) or having an actual discourse about how it could be utilized outside of swerving the law. It's all dummies on the bottom of the pyramid trying to get rich quick helping facilitate the proceeds of crime. Miss me with that shit.", '10qg0b5']]], ['u/Science_421', 'Government Debt and Money Printing is Good', 25, '2023-02-01 03:13', 'https://www.reddit.com/r/Buttcoin/comments/10qhq9l/government_debt_and_money_printing_is_good/', 'Whenever, I have a conversation with a Bitcoin fanatic I always hear claims about money printing leading to Zimbabwe Hyperinflation and the government defaulting on the debt. That is all wrong.\n\nThe US government and many developed countries are monetary sovereigns. That means they owe debt in their own currency (US dollars for example) and they can print their own money (US dollars). Thus they can never default on their own debt.\n\nHere is where Bitcoiners yell: Hyperinflation, Zimbabwe, etc. We must understand that Government money printing does NOT have to lead to inflation. If the government prints new money and that money is used to increase economic production then we will not have inflation.\n\nFor example, if you have an economy with 2 dollars and 2 apples; then the price level is $1 per 1 apple. Imagine the government prints 2 extra dollars but those dollars are used to produce 2 more apples; thus you have 4 dollars and 4 apples, the new price level is $1 per 1 apple. Here we have money printing not resulting in inflation because of increased economic production.', 'https://www.reddit.com/r/Buttcoin/comments/10qhq9l/government_debt_and_money_printing_is_good/', '10qhq9l', [['u/nottobetakenesrsly', 14, '2023-02-01 03:34', 'https://www.reddit.com/r/Buttcoin/comments/10qhq9l/government_debt_and_money_printing_is_good/j6q5lh1/', ">That means they owe debt in their own currency (US dollars for example) and they can print their own money (US dollars). Thus they can never default on their own debt.\n\nWhen it comes to USD, the monetary system is *global*. The US government doesn't necessarily print money (paper notes, sure). The US government issues *debt*. \n\nThis debt is purchased by the global system. USD is globally created (and destroyed) by commercial bank lending activity (wholesale through to retail). The US' debt is largely used as collateral for wholesale lending. \n\nThe system works because US debt is the best collateral; the US makes it's payments. They could default, they don't. \n\nIf they *really* started printing the difference, the world would be in a lot of trouble.", '10qhq9l']]], ['u/karlizak', 'How many of you set targets and take profits?', 27, '2023-02-01 03:28', 'https://www.reddit.com/r/CryptoCurrency/comments/10qi2b6/how_many_of_you_set_targets_and_take_profits/', 'When investing it’s important to have a plan….at least it should be. \n\nTaking profits after a big increase does not necessarily mean selling your entire stack. \n\nAnyone who has lived through a bear market knows the horrible feeling when you didn’t sell and the price drops 80% or more. \n\nHow many of you set targets for your crypto investments and take profits along the way? \n\nExample: This last move where Bitcoin went from\n15.4K to 23.9K. that’s a 53% increase! \n\nIf you bought at 15k would you take profits after a move like this, or are you an “ all or nothing” kind of person? \n\nIf you do set targets and have a plan, what is your strategy? \n\nIf you don’t, why not?', 'https://www.reddit.com/r/CryptoCurrency/comments/10qi2b6/how_many_of_you_set_targets_and_take_profits/', '10qi2b6', [['u/Bucksaway03', 21, '2023-02-01 03:45', 'https://www.reddit.com/r/CryptoCurrency/comments/10qi2b6/how_many_of_you_set_targets_and_take_profits/j6q71io/', "I've absolutely set targets.\n\nWhether I stick to them during a bull run is the big question", '10qi2b6'], ['u/JERMYNC', 10, '2023-02-01 04:40', 'https://www.reddit.com/r/CryptoCurrency/comments/10qi2b6/how_many_of_you_set_targets_and_take_profits/j6qead8/', 'My targets:\n\nBTC 280,000 by 2025 \nEth 12-16k \nMoons holding until $80\n\nAlts: who knows 😅.. will convert to BTC & Eth during bull', '10qi2b6']]], ['u/dxzdlt', 'Highlighting Foodie Beauty’s “LET US BEEZE” livestream (live updates)', 101, '2023-02-01 03:38', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/', '**TLDR in and direct quotes in bold.** If you see mistakes just hold tight, I will correct these after the stream ends. Feel free to hang around in the comments and refresh, I\'m updating live.\n\n&#x200B;\n\n* Chantal begins stream in dark sex-kitten makeup and all dressed up, jewelry and all. **Chantal is visibly high, her eyes are red, she is giggling and rambling, and slurring.** I know we speculate about whether or not she\'s high often but I can definitively say she is higher than I\'ve seen her in even the Nader era.\n* **Chantal: "I\'m gonna be going to bed soon...I\'m very nervous tonight for some reason...."**\n* Chantal claims she has never weighed more than 402 lbs.\n* Chantal continues slurring her speech, giggling, and squinting. She takes out her microphone and announces she\'s gonna be singing "Sea shanties" to BBJ.\n* Chantal\'s chat expresses disappointment that she\'s high. She laughs stupidly and smugly says she\'s just jet lagged. in a fit of laughter she says that she threw out all her weed before she left for Kuwait.\n* **Chantal: "I\'ve been having really bad dreams that Salah\'s gonna leave me..."**\n* Chantal goes on to complain about how hard it is not to broadcast her life on the internet, she mentions how *addictive* it is.\n* Chantal begins laughing about SpongeBob\'s "phallic" nose and bulging eyes\n* Chantal says she will never drink alcohol again because it is forbidden. She reaches for a bag of Cheetos and erupts into a fit of laughter as she begins binging.\n* **Chantal: "I took this like, I had this like...it\'s like a night time drink of like minerals... it makes you feel a bit sleepy....ok, I gotta go. Goodnight guys, I\'ll see you tomorrow."**\n* Chantal ends the stream.\n\nAnyway here is a list of all of the items Chantal bought yesterday in one list. Please let me know which one of these items is a night time drink that causes drowsiness. Things she already binged are ~~crossed out~~. These are all CAD. \n\n&#x200B;\n\n* Tilda Basmati Rice, 10lb bag ($18.47)\n* ~~AHA Orange and Grapefruit Sparkling Water ($5.47)~~\n* ~~Pepsi 24 pack ($11.97)~~\n* ~~Great Value brand All Dressed Chips ($1.27)~~\n* Tostito’s Multigrain Round Scoops ($3.47)\n* Crispy Minis Crunchy Dill ($2.97)\n* ~~Halal ground beef ($6.97 x2)~~\n* Mina 4pack Chicken ($12.48 x2)\n* Halal Stewing Beef ($16.00)\n* Wonder hamburger buns ($2.97)\n* ~~Greek style pita bread ($2.88 x2)~~\n* Rogue river corn 4pack ($3.97)\n* 5 Roma Tomato ($.78 x5)\n* Green bell pepper ($1.56 x2)\n* 2 Red Pepper ($2.08 x2)\n* Bag of on the vine Tomato ($5.24)\n* Bundle of 5 Bananas ($2.00)\n* Huy Fong Sriracha 740ML ($5.97)\n* ~~Great Value Black Olives ($1.57)~~\n* Taylor Farms Dill Pickle Chopped Salad ($5.67)\n* Indomie Mi Goreng Instant Noodles 5pack ($3.97)\n* Grape Delight Flavor Sparkling Water ($1.97)\n* MAYNARD’s Swedish Berries Gummies 355g ($2.98)\n * “Not For me”\n* Great Value Half & Half Creamer 1L ($2.98)\n* Hunt’s 156ml Tomato paste ($1.27 x5)\n* Simply Apple Juice ($4.47)\n* Your Fresh Market Yellow Potatoes 5lb bag ($3.97)\n* Tostito’s Restaurant style chips (VALUE SIZE) ($4.97)\n* ~~Cheetos Puffs 390g ($4.97)~~\n* Great Value Enriched White Bread loaf ($1.97)\n* Great Value Whole Wheat Bagels ($1.97)\n* 7g Tray Fresh rosemary ($.67)\n* 23g Tray Fresh Thyme ($.67)\n* Cilantro bundle ($1.47 x2)\n* Broccoli Stalks (AT LEAST 2x $3.47)\n* Stalk of Celery ($3.97)\n* 28g Tray Fresh Basil ($1.97)\n* Kraft Dinner Mac’n’cheese Original ($1.57 x2)\n* Great Value Cayenne Chilli pepper 100g bag ($1.97)\n* Minced Garlic 250g ($3.98)\n* KFI Butter Chicken Sauce 650ml ($5.77)\n* Your Fresh Market 3lb Carrott bag ($2.47)\n* Club House Chicken gravy Packet ($1.47)\n* McCormick Dry House Gravy powder ($1.47)\n* Your Fresh Market 2lb Lemon ($4.87)\n* Lime ($.77 x4)\n* Creamy Cambel Soup ($3.27 x2)\n* Great Value Ripple Potato Chips 200g ($1.27)\n* Tre Stella Paneer 350g ($5.07)\n* Great Value Tex Mex Cheese 320g ($5.48)\n* ~~Ritz Mini Sandwiches ($2.78)~~\n* Simply Orange Juice 1.54 L ($4.47)\n* Philadelphia Herb n Garlic Cream Cheese 340g ($6.28)\n* Black Diamond Cheese String Ficello 16pack ($6.98)\n* Kraft Processed Cheese 22pack ($5.48)\n* Great Value assorted cheeses ($5.48 x2)\n* Gay Lea Foods Sour Cream 500ml ($2.78)\n* Natrel 2% milk carton 1L ($3.58)\n* ~~Great Value Cheese Sticks ($5.37)~~\n* Swiss Chalet Turkey Gravy mix ($1.97)\n* ~~Halal Bologna ($4.97)~~\n* Soy Sauce ($1.97 x2)\n* ~~Marietta Ranch Veggie Dip ($4.97 x2)~~\n* Hellman\'s Mayo ($5.97)\n* Heinz Alphagetti pasta ($1.77)\n* Garden Fresh Gourmet Wild Mild Salsa ($5.78)\n* Zabiha Halal Sausages ($4.97)\n* Sabra Hummus ($4.97)\n* Wholly Guacamole ($4.97)\n* ~~Black Berries 170g ($3.97)~~\n* GLAD black trash bags ($11.97 x2)\n* Nestle Nescafe instant coffee ($2.27)\n\nTotaled to $390 and the btch is still eating takeout.', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/', '10qi9ck', [['u/Logical_Pineapple_59', 10, '2023-02-01 03:46', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q79a4/', "I shouldn't be surprised but yet here I am, surprised. It didn't take her long to go back to her llama beezing. How long is Salad going to put up with this? I guess until he finds out she can't get him into Canada.", '10qi9ck'], ['u/ranch_avocados', 14, '2023-02-01 03:47', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7cwe/', 'She is high as hell.\n\nBullshit that she is pretending to be Muslim', '10qi9ck'], ['u/Gaggleofpigeons', 16, '2023-02-01 03:48', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7hug/', "She's got cotton mouth.. she's for sure going to see her naddy daddy 🤮", '10qi9ck'], ['u/dxzdlt', 12, '2023-02-01 03:49', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7m45/', "Yup. Same makeup. Couldn't fuckin wait to be back at Dee Dee's.", '10qi9ck'], ['u/catrinedemew', 28, '2023-02-01 03:49', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7p52/', "I think it's super hilarious how super high/drunk people think they can hide it.", '10qi9ck'], ['u/chiabutter', 20, '2023-02-01 03:49', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7p7r/', "she's so dolled up.....sus", '10qi9ck'], ['u/Gaggleofpigeons', 20, '2023-02-01 03:50', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7u07/', 'The pull he has on her is mind-boggling. My dog has a similar problem, but he just wants my spicy nugs and dirty socks', '10qi9ck'], ['u/polkadotcupcake', 28, '2023-02-01 03:52', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q7zak/', "I don't think Salah actually cares if she gets high. As long as he thinks citizenship and/or money is still on the table, he'll look the other way", '10qi9ck'], ['u/Azuraskye', 18, '2023-02-01 03:53', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q85zz/', 'whew! when the edibles hit', '10qi9ck'], ['u/Separate-Gap-3298', 15, '2023-02-01 03:55', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q8e2w/', 'She’s been hitting the bottle too, I see. Going for haram bingo.', '10qi9ck'], ['u/dxzdlt', 16, '2023-02-01 03:59', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q8xm0/', "Yeah she looks fucked up right now. Can't even talk.", '10qi9ck'], ['u/Difficult-Feeling-26', 10, '2023-02-01 03:59', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q8y3v/', 'She’s having so much fun right now. Everyone is asking her questions and she’s high as balls.', '10qi9ck'], ['u/ghostlynights', 16, '2023-02-01 04:02', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q9dyu/', "This dumb bitch is so goddamn high she's not even trying to hide it.", '10qi9ck'], ['u/thatroselady', 16, '2023-02-01 04:03', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q9jjd/', "Hhmmm, that kinda makeup, goin' to bed early yet nervous.. has the coward and Doo Doo already worked their mangy magick?! 🤞🏻🤞🏻", '10qi9ck'], ['u/Celestial_Biocandy', 21, '2023-02-01 04:04', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6q9n61/', "Chinny gets off on doing 'naughty' things in plain sight. The more shock value the better, hijab just turns it up a notch. If it's disgusting and depraved you know it's Chinny", '10qi9ck'], ['u/itspegbundybitch', 12, '2023-02-01 04:19', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qbo6x/', 'She gonna snort the gravy powder?', '10qi9ck'], ['u/AcanthocephalaBorn15', 11, '2023-02-01 04:30', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qd04w/', 'Above and beyond on this one, thanks!', '10qi9ck'], ['u/NoOutlandishness8759', 11, '2023-02-01 04:35', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qdlzu/', 'Thank you very much for including a grocery list of items that I might never find in my humble abode in the woods (not literal woods but some folks call it "the third world"). \n\nThe nightmares are back. I kinda saw that coming. With her refusal to attend therapy, she\'d be back to substances. Also, she kinda stopped caring on whether her audience can tell that she\'s high or not based on this [clip](https://twitter.com/Shannanagins6/status/1620619974502133760).', '10qi9ck'], ['u/Separate-Gap-3298', 20, '2023-02-01 04:35', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qdml9/', 'Had to add this extra comment after really processing that shopping list. \n\n1. Prices in Canada are WAY better than here. (Alaska, USA) That haul would have cost a fortune. \n2. How much gravy powder does she need??? Is she…. *drinking* it??? 🤭\n3. So much cheese. \n4. I don’t know if I could make more than a couple balanced meals with the ingredients she bought. It’s all dips and snacks and sides. No wonder she has been eating out.', '10qi9ck'], ['u/mrsruby1986', 38, '2023-02-01 04:37', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qdxvm/', 'Ohhhh she’s seen Nader. Bitch is high as a kite and giggling her ass off and the makeup. All clues that she’s seen the crackhead.', '10qi9ck'], ['u/dxzdlt', 15, '2023-02-01 04:37', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qdygf/', 'I wanted to check off all the food she’s been binging and see how soon until she starts eating out. I spent like an hour doing it last night and she was already eating out today. Such a waste.', '10qi9ck'], ['u/Sinnafainae', 22, '2023-02-01 04:50', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qfgqj/', 'She’s nervous because she made that man get a bigger apartment that she can’t pay for now that the bankruptcy wasn’t dismissed', '10qi9ck'], ['u/wanderingthewoods', 32, '2023-02-01 04:52', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qfq19/', 'She already went through a 24 pack of Pepsi? 😳', '10qi9ck'], ['u/Money_Delay7099', 19, '2023-02-01 04:54', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qg1ix/', "That is a very thorough summary. I need you to do this everytime! I don't want to watch her anymore. So this was hella helpful. I'm curious how this ends for her", '10qi9ck'], ['u/Beneficial-Carrot-23', 14, '2023-02-01 04:59', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qgkfv/', "Nader isn't her dealer (and I honestly doubt ever was), she's clearly ordered shit delivered from the dispensary as she always did. Yes, she's high, but there's no need to embellish any further", '10qi9ck'], ['u/mrsruby1986', 24, '2023-02-01 05:00', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qgot1/', 'I don’t think she gets drugs from Nader. She stopped at the outhouse probably which has long been suspected to be where she meets her dealer. I do think she saw Nader, that’s my opinion and I can state it if I want.', '10qi9ck'], ['u/Aussie_Geek', 13, '2023-02-01 05:00', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qgq7q/', "Seconded, what a weird grocery shop. We get local fruit and veg box delivered weekly and build our menu around that. I'd really struggle to make a single balanced meal from her shop. Where are the veggies?!?", '10qi9ck'], ['u/Aussie_Geek', 12, '2023-02-01 05:01', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qgutf/', 'Your efforts are still appreciate. I enjoyed playing, can I make a balanced meal with the list, the answer was no!', '10qi9ck'], ['u/mrsruby1986', 24, '2023-02-01 05:03', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qh2ov/', 'You’re the only one calling it baseless. It’s not baseless. I know weed is legal there. She doesn’t get weed from a dealer. I know damn well I’m not the only one who thinks she’s gotten other drugs at the outhouse.', '10qi9ck'], ['u/AwkwardBurritoChick', 66, '2023-02-01 05:06', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qhdyf/', '>she says that she threw out all her weed before she left for Kuwait.\n\nThe woman who left empty latte cups and the nut salsa in her car - threw out whatever edibles and weed things she had? LMFAO. Oh honey.', '10qi9ck'], ['u/mushlily', 43, '2023-02-01 05:10', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qhxaj/', 'The very last second, after she says alright guys ill see you tomorrow & taps the screen to end the stream, her eyes roll all around, she was quickly becoming fucked up outta her mind. Eating out of a bag of cheetos that had been open in her room for 3months, saying they were hard and being visibly upset they werent halal was another high point lol. Thx for all the recaps!', '10qi9ck'], ['u/KimberlyMoriarty', 14, '2023-02-01 05:12', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qi5sg/', 'Gravy drinking was the first thing I thought of.', '10qi9ck'], ['u/franniepaige', 28, '2023-02-01 05:56', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qmz2s/', 'And like…she can buy more lol. It’s not like throwing it out (which she didn’t) means she can never buy anymore for the rest of her life 😂.', '10qi9ck'], ['u/Sleuth1ngSloth', 27, '2023-02-01 06:07', 'https://www.reddit.com/r/FoodieBeauty/comments/10qi9ck/highlighting_foodie_beautys_let_us_beeze/j6qo81s/', 'I think the most suggestive clue that she may have seen Nader is the heavy eye "soot" and "Gatineau glitter" as FFG calls it. Idk if i believe she did see him but, that\'s what stands out most to me as a possibility. Also the fact that she WAS driving her shitbox Kia earlier today (i swear BBJ and the Kia are fueled by sheer spite to outlive Chantal).', '10qi9ck'], ['u/Sleepybat...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['WASHINGTON--The Federal Reserveis easing its foot a bit further off the brake.\nBut it appears far from ready to step on the economy’s accelerator.\nThe Fed, as expected,raised its key short-term interest rate by a quarter percentage point Wednesday, throttling back from a half-point hike in December and acknowledging that a historic inflation spike is slowing.\n“Inflation has eased somewhat but remains elevated,” the Fed said in a statement after a two-day meeting.\nThe central bank appears reluctant to signal that its aggressive campaign to beat back price increases is nearing an end even as it begins tobalance the benefits of the initiative with growing recession risks.\nMany may still struggle:A smaller rate hike is expected at the Fed meeting\nCredit cards, mortgage rates and auto:See how much fed interest rates have affected how much you pay\nStill, Fed Chair Jerome Powell hinted that could halt its campaign\xa0after "a couple more rate hikes."\nIn its statement,the Fed repeated that “ongoing (rate) increases…will be appropriate” to bring down yearly inflation to the Fed’s 2% goal. Some economists expected the Fed instead to say “additional increases” would be needed, hinting the Fed is close to winding down the hiking cycle.\nAt\xa0a news conference, Powell said inflation "has moderated but remains too high."\n"We still think there\'s work to be done there." he said. "We haven\'t made a decision\xa0on exactly where" rates will peak.\nThe Fed’s latest move brings the federal funds rate to a range of 4.5% to 4.75%, up from near zero in March, in its boldest flurry of rate increases since the early 1980s.\nPowell said the Fed ultimately could stop short of the level officials forecast in December or go beyond it, depending on how rapidly inflation falls. He initially said the central bank would rather err on the side of hiking too much to stamp out high inflation.\n"I continue to think that it\'s very difficult to manage the risk of doing too little,"\xa0he said.\nLater, however,\xa0 Powell signaled that if inflation follows the course officials expect, the Fed is on track to push the Fed\'s key rate\xa0to the 5% to 5.25% ra ngeand then pause. That would require two more quarter point hikes -- in March and May.\n"We\'re talking about a couple more rate hikes to get to that level that is sufficiently restrictive," he said,\nWednesday\'s hike is expected to further slow economic activity as it drives up rates for credit cards, adjustable rate mortgages and other loans.\xa0But Americans, especially seniors, are finally reaping higher bank savings yields after years of meager returns.\nIn recent weeks, Fed official have noted that inflation has cooled somewhat and another step down to a quarter point rate increase was likely after four straight three-quarter point hikes gave way to December’s half-point move.\nDebt ceiling dangers:5 ways your finances could be impacted now that the U.S. hit the debt ceiling\nThe big question, though, is – How high will the Fed go?\nIn December, Fed officials’ median estimate had the federal funds rate peaking soon at a range of 5% to 5.25% -- a level that some economists believe is likely to tip the U.S. into recession – and staying there the rest of the year.\nMarkets, however, predict the central bank will pause after bumping the funds rate to 4.75% to 5% in March and begin cutting it by year’s end.\nAsked if the Fed could stop before the rate hits 5% to 5.25%, Powell said Wednesday, "Certainly, it\'s possible," depending on inflation and labor market data over the next couple of months. "Absolutely it\'s possible."\n"The end of the hikes is in sight," Ian Shepherdson, chief economist of Pantheon Macroeconomics wrote to clients, adding he believes the Fed will bump up rates, at most, by another quarter point in March.\nPowell\xa0downplayed the chances of a rate cut in 2023 as the economy weakens. "Given our\xa0outlook, I don\'t see us cutting rates this year," he said, adding that could change if inflation moderates\xa0more quickly than anticipated.\nStruggling with bills:Even with a mild winter, more Americans struggle to pay their energy bills\nReports in recent weeks have provided some ammunition for Fed officials who favor softening its stance. Inflation has eased more rapidly than projected, falling to 6.5% in December from 7.1% the previous month and a 40-year high of 9.1% in June.\nMeanwhile, the economy is losing some steam. Job growth has declined to a still-solid average monthly pace of 247,000 the past three months from 366,000 the previous quarter. And retail sales and business investment fell late last year.\nBut Powell has said the central bank won’t halt its hiking campaign until it sees\xa0proof that wage growth is slowing in service industries like health care, education and restaurants.\xa0Price increases in those sectors account for the lion’s share of inflation, he said, and they’re tied mostly to labor costs.\n"We will need substantially more evidence to be confident inflation is on a sustained downward path," Powell said Wednesday.\nWhere a recession would hit hardest:What regions would bear the brunt of a downturn?\nCompensation – including pay and benefits – increased 1% the last three months of the year, down from 1.2% in the third quarter and below economists’ estimates, the Labor Department said this week.\nBut wages and salaries were still up a robust 5.1% annually, a tick below the third-quarter gain.\nAnd employers posted 11 million job openings in December, modestly below an all-time high and above the prior month’s 10.4 million and pre-pandemic level of about 7 million, Labor said Wednesday. Meanwhile, the share of adults working or looking for jobs was stagnant last year at about 62.3% after climbing back toward the pre-pandemic mark of 63.3% in 2021.\nPowell has said he’s looking for a better balance of labor demand and supply to ensure wage growth is moderating.\n"The labor market continues to be out of balance," he said Wednesday.\nAnother challenge the Fed faces is that a softer approach to rate hikes likely would juice stocks and tamp down mortgage rates and other borrowing costs, bolstering the economy. And that could push back against the Fed’s goal of bringing down inflation.\n"We\'re going to be very\xa0cautious about declaring victory and sending signals that we think that the game is won," Powell said Wednesday.\nStocks indices turned slightly higher as\xa0of 2:50\xa0p.m. ET. The Dow Jones Industrial Average edged up by 30 points\xa0or 0.09%, while the S&P 500\xa0rose 33 points or 0.8%,\xa0and the Nasdaq Composite gained\xa0177 points or 1.6%.\nStocks kicked off 2023 with a bang. The Dow gained nearly 3% last month while the S&P 500 and Nasdaq notched even bigger gains.\nThe tech-heavy Nasdaq had its best January since 2001.\nYou can watch Powell speak at 2:30 p.m. ET by clicking the followinglink.\nAfter today\'s expected rate hike, it\'s likely that the Fed will raise rates again at its March meeting barring any dramatic shifts in inflation.\nAn acronym you\'re bound to hear a lot today is FOMC. That stands for\xa0Federal Open Market Committee. The FOMC is a group of 12 people who vote on interest rate decisions.\nSeven of the 12 people are on the\xa0Board of Governors at the Fed (that includes Fed Chair Powell). Another seat is filled by the President of the New York Fed and the remaining four seats are a rotating group of presidents from the 11 other regional Fed banks.\nThere were seven rate hikes in 2022. Four of the seven hikes were in 75 basis-point hikes, two were 50 basis-point hikes and one was a 25 basis-point hike.\nStocks are trading near session lows of the Fed decision. As of 12:51 p.m. ET the Dow Jones Industrial Average was down by 1% while the S&P 500\xa0 was down by 0.6% and Nasdaq Composite was down by 0.3%.\nGDP report shows economy still expanding\nDespite ongoing fears of a recession, theU.S. economy is still growing, albeit at a much slower pace than in 2021.\nIn the last quarter of 2022,\xa0the nation’s\xa0gross domestic product, the value of all goods and services produced in the U.S., expanded at a seasonally adjusted annual rate of 2.9%. The gains can be traced to solid consumer spending and business stockpiling.\nOverall in 2022, the economy grew 2.1% following a 5.9% advance the prior year that was juiced by an easing pandemic.\nStagflation happens when\xa0economic growth is sluggish while inflation is high. Theterm lacks a formal definitionor specific threshold, but elements\xa0include high\xa0unemployment\xa0and a weakened\xa0economy as prices climb.\nSome economists worry that the U.S. will enter a period of stagflation since prices remain high and layoffs are mounting. But so far the U.S. unemployment rate is at a historic low.\nInterest rates for auto loans have risen since the Fed began hiking rates.\nHere are the latest average interest rates for auto loans according to Bankrate data:\n• 60-month new car: 6.18%\n• 48-month new car: 6.17%\n• 48-month used car: 6.83%\n• 36-month used car: 6.49%\nAs\xa0the Fed hiked interest rates, 30-year fixed-rate mortgages shot up in 2022 as the Fed hiked interest rates.\nAt the start of last year, average 30-year fixed-mortgage rates hovered around 3%, according toFreddie Mac\xa0data. Now they\'re double that. However, they\'ve come down from a November peak of over 7%, the highest level since 2002.\nThe fall in mortgage rates isspurring demand from homebuyers, USA TODAY\'s Bailey Schulz reported citing recent data from the Mortgage Bankers Association.\nThe housing market cooled tremendously over the last year from the pandemic-era housing boom the Fed\'s low-interest rate environment ignited.\nRelief for homebuyers in 2023:Mortgage rates at lowest levels since September\nMortgage rate buydowns:They\'re on the rise as homebuyers cope with high interest rates\nThe first jobs report of the year is due on Friday. But members of the Fed won\'t have to wait until then to know what the unemployment rate was last month. They\'ve already received crucial data from the report that will be used to inform their interest rate decision, the Bureau of Labor Statistics confirmed with USA TODAY.\nFed Chair Powell and other Fed officials cannot disclose any information they\'ve received from the jobs report ahead of its release.\nEconomists surveyed by Dow Jones forecast that employers added 187,000 jobs last month, a decline from December\'s 223,000 job gain. The slowdown in hiring would push the unemployment rate up to 3.6% from its current level of 3.5%, according to forecasts.\nThe latest reading of the Fed\'s preferred inflation gauge, the PCE price index, found that prices are 5% higher than a year ago. That\'s the lowest annual rate of inflation since September 2021.\nA fresh read of the labor market was just released.\nThe Job Openings and Labor Turnover\xa0Survey\xa0(JOLTS) showed that there were 11 million vacancies in December. That exceeded economists\' expectations by nearly 1 million vacancies.\nThe Fed has been keeping a close eye on the report for signs of a labor market slowdown. Fed Chair Powell has repeatedly said that vacancies are too high and need to come down so that the labor supply is better aligned with demand.\nAt the Fed\'s last meeting in December, no Fed official said they expect rate cuts in 2023. That said some mortgage rates are coming down.\nThe next CPI report will be released in about two weeks on Feb. 14.\nBitcoin is down slightly this morning. But overall, the cryptocurrency is having a stellar month. It\'s up nearly 40%.\nInflation\'s cooling, rates are peaking:Is it time to buy stocks and bonds again?\nInflation relief:Super Bowl favorites like guacamole, chicken wings will cost less this year\nThe interest rates banks charge\xa0on their credit cards are tied to the prime rate, which is tightly linked to the Fed funds rate.\nAs the prime rate has risen to 7.5%, the average credit card interest rate has risen from 14.6% in February 2022 to\xa019.9% last week, according to Bankrate. That has\xa0raised monthly interest charges by about $29\xa0to $108 on the average American\'s\xa0$6,965 credit card balance.\nTo see how the Fed\'s rate hikes have impacted other areas of the economy like home sales, the stock market and more be sure to read\xa0Jim Sergent\'spiece.\nThe Fed\'s decision today is largely going to be influenced by inflation.\nInflation is when prices for goods and services rise across the board. If, for instance, gas prices go up a lot but overall prices remain stable the economy would not be experiencing inflation.\nThe two main U.S. inflation measures, the Consumer Price Index and the Personal Consumption Expenditures price index, are easing.\nThelatest CPI reportfound prices for goods and services were 6.5% higher than a year ago. That\'s a sizeable improvement from June when annual inflation was over 9%. On a monthly basis,\xa0consumer prices fell by 0.1% in December, the first decline since May 2020.\n\'Egg-scuse me, this carton is how much?\':Here\'s why egg prices are soaring across the US\nThe Fed\'s next meeting is from March 21 to 22.\nHere are theremaining meetingsfor the year:\n• May 2-3\n• June 13-14\n• July 25-26\n• September 19-20\n• Oct/Nov 31-1\n• December 12-13\nElisabeth Buchwald is a\xa0personal finance and markets correspondent\xa0for USA TODAY.\xa0You canfollow her on Twitter @BuchElisabeth and sign up for our\xa0Daily Money newsletterhere\nThis article originally appeared on USA TODAY:Fed meeting: Federal Reserve hikes interest rate to curb inflation', 'WASHINGTON-- The Federal Reserve is easing its foot a bit further off the brake. But it appears far from ready to step on the economy’s accelerator. The Fed , as expected, raised its key short-term interest rate by a quarter percentage point Wednesday , throttling back from a half-point hike in December and acknowledging that a historic inflation spike is slowing. “Inflation has eased somewhat but remains elevated,” the Fed said in a statement after a two-day meeting. The central bank appears reluctant to signal that its aggressive campaign to beat back price increases is nearing an end even as it begins to balance the benefits of the initiative with growing recession risks . Many may still struggle: A smaller rate hike is expected at the Fed meeting Credit cards, mortgage rates and auto: See how much fed interest rates have affected how much you pay Still, Fed Chair Jerome Powell hinted that could halt its campaign\xa0after "a couple more rate hikes." In its statement, the Fed repeated that “ongoing (rate) increases…will be appropriate ” to bring down yearly inflation to the Fed’s 2% goal. Some economists expected the Fed instead to say “additional increases” would be needed, hinting the Fed is close to winding down the hiking cycle. At\xa0a news conference, Powell said inflation "has moderated but remains too high." "We still think there\'s work to be done there." he said. "We haven\'t made a decision\xa0on exactly where" rates will peak. What is the Fed interest rate now? The Fed’s latest move brings the federal funds rate to a range of 4.5% to 4.75%, up from near zero in March, in its boldest flurry of rate increases since the early 1980s. Powell said the Fed ultimately could stop short of the level officials forecast in December or go beyond it, depending on how rapidly inflation falls. He initially said the central bank would rather err on the side of hiking too much to stamp out high inflation. "I continue to think that it\'s very difficult to manage the risk of doing too little,"\xa0he said. Story continues Later, however,\xa0 Powell signaled that if inflation follows the course officials expect, the Fed is on track to push the Fed\'s key rate\xa0to the 5% to 5.25% ra ngeand then pause. That would require two more quarter point hikes -- in March and May. "We\'re talking about a couple more rate hikes to get to that level that is sufficiently restrictive," he said, Wednesday\'s hike is expected to further slow economic activity as it drives up rates for credit cards, adjustable rate mortgages and other loans.\xa0But Americans, especially seniors, are finally reaping higher bank savings yields after years of meager returns. In recent weeks, Fed official have noted that inflation has cooled somewhat and another step down to a quarter point rate increase was likely after four straight three-quarter point hikes gave way to December’s half-point move. Debt ceiling dangers: 5 ways your finances could be impacted now that the U.S. hit the debt ceiling Will the Fed continue to raise rates in 2023? The big question, though, is – How high will the Fed go? In December, Fed officials’ median estimate had the federal funds rate peaking soon at a range of 5% to 5.25% -- a level that some economists believe is likely to tip the U.S. into recession – and staying there the rest of the year. Markets, however, predict the central bank will pause after bumping the funds rate to 4.75% to 5% in March and begin cutting it by year’s end. Asked if the Fed could stop before the rate hits 5% to 5.25%, Powell said Wednesday, "Certainly, it\'s possible," depending on inflation and labor market data over the next couple of months. "Absolutely it\'s possible." "The end of the hikes is in sight," Ian Shepherdson, chief economist of Pantheon Macroeconomics wrote to clients, adding he believes the Fed will bump up rates, at most, by another quarter point in March. Powell\xa0downplayed the chances of a rate cut in 2023 as the economy weakens. "Given our\xa0outlook, I don\'t see us cutting rates this year," he said, adding that could change if inflation moderates\xa0more quickly than anticipated. Struggling with bills: Even with a mild winter, more Americans struggle to pay their energy bills Is inflation expected to go down? Reports in recent weeks have provided some ammunition for Fed officials who favor softening its stance. Inflation has eased more rapidly than projected, falling to 6.5% in December from 7.1% the previous month and a 40-year high of 9.1% in June. Meanwhile, the economy is losing some steam. Job growth has declined to a still-solid average monthly pace of 247,000 the past three months from 366,000 the previous quarter. And retail sales and business investment fell late last year. But Powell has said the central bank won’t halt its hiking campaign until it sees\xa0proof that wage growth is slowing in service industries like health care, education and restaurants.\xa0Price increases in those sectors account for the lion’s share of inflation, he said, and they’re tied mostly to labor costs. "We will need substantially more evidence to be confident inflation is on a sustained downward path," Powell said Wednesday. Where a recession would hit hardest: What regions would bear the brunt of a downturn ? What is the wage growth rate for 2022? Compensation – including pay and benefits – increased 1% the last three months of the year, down from 1.2% in the third quarter and below economists’ estimates, the Labor Department said this week. But wages and salaries were still up a robust 5.1% annually, a tick below the third-quarter gain. And employers posted 11 million job openings in December, modestly below an all-time high and above the prior month’s 10.4 million and pre-pandemic level of about 7 million, Labor said Wednesday. Meanwhile, the share of adults working or looking for jobs was stagnant last year at about 62.3% after climbing back toward the pre-pandemic mark of 63.3% in 2021. Powell has said he’s looking for a better balance of labor demand and supply to ensure wage growth is moderating. "The labor market continues to be out of balance," he said Wednesday. Another challenge the Fed faces is that a softer approach to rate hikes likely would juice stocks and tamp down mortgage rates and other borrowing costs, bolstering the economy. And that could push back against the Fed’s goal of bringing down inflation. "We\'re going to be very\xa0cautious about declaring victory and sending signals that we think that the game is won," Powell said Wednesday. Stock market today Stocks indices turned slightly higher as\xa0of 2:50\xa0p.m. ET. The Dow Jones Industrial Average edged up by 30 points\xa0or 0.09%, while the S&P 500\xa0rose 33 points or 0.8%,\xa0and the Nasdaq Composite gained\xa0177 points or 1.6%. Stocks kicked off 2023 with a bang. The Dow gained nearly 3% last month while the S&P 500 and Nasdaq notched even bigger gains. The tech-heavy Nasdaq had its best January since 2001. The Fed is set to make its interest rate announcement at 2 p.m. today Fed live stream You can watch Powell speak at 2:30 p.m. ET by clicking the following link . When will the Fed raise rates again? After today\'s expected rate hike, it\'s likely that the Fed will raise rates again at its March meeting barring any dramatic shifts in inflation. FOMC acronym: What does it stand for? An acronym you\'re bound to hear a lot today is FOMC. That stands for\xa0Federal Open Market Committee. The FOMC is a group of 12 people who vote on interest rate decisions. Seven of the 12 people are on the\xa0Board of Governors at the Fed (that includes Fed Chair Powell). Another seat is filled by the President of the New York Fed and the remaining four seats are a rotating group of presidents from the 11 other regional Fed banks. Federal Reserve interest rate history in 2022 There were seven rate hikes in 2022. Four of the seven hikes were in 75 basis-point hikes, two were 50 basis-point hikes and one was a 25 basis-point hike. Stock market today Stocks are trading near session lows of the Fed decision. As of 12:51 p.m. ET the Dow Jones Industrial Average was down by 1% while the S&P 500\xa0 was down by 0.6% and Nasdaq Composite was down by 0.3%. GDP report shows economy still expanding Despite ongoing fears of a recession, the U.S. economy is still growing , albeit at a much slower pace than in 2021. In the last quarter of 2022,\xa0the nation’s\xa0gross domestic product, the value of all goods and services produced in the U.S., expanded at a seasonally adjusted annual rate of 2.9%. The gains can be traced to solid consumer spending and business stockpiling. Overall in 2022, the economy grew 2.1% following a 5.9% advance the prior year that was juiced by an easing pandemic. Stagflation Stagflation happens when\xa0economic growth is sluggish while inflation is high. The term lacks a formal definition or specific threshold, but elements\xa0include high\xa0unemployment\xa0and a weakened\xa0economy as prices climb. Some economists worry that the U.S. will enter a period of stagflation since prices remain high and layoffs are mounting. But so far the U.S. unemployment rate is at a historic low. Current interest rates for car loans Interest rates for auto loans have risen since the Fed began hiking rates. Here are the latest average interest rates for auto loans according to Bankrate data: 60-month new car: 6.18% 48-month new car: 6.17% 48-month used car: 6.83% 36-month used car: 6.49% Interest rates today for 30-year fixed mortgage As\xa0the Fed hiked interest rates, 30-year fixed-rate mortgages shot up in 2022 as the Fed hiked interest rates. At the start of last year, average 30-year fixed-mortgage rates hovered around 3%, according to Freddie Mac\xa0data. Now they\'re double that. However, they\'ve come down from a November peak of over 7%, the highest level since 2002. The fall in mortgage rates is spurring demand from homebuyers , USA TODAY\'s Bailey Schulz reported citing recent data from the Mortgage Bankers Association. The housing market cooled tremendously over the last year from the pandemic-era housing boom the Fed\'s low-interest rate environment ignited. Relief for homebuyers in 2023: Mortgage rates at lowest levels since September Mortgage rate buydowns: They\'re on the rise as homebuyers cope with high interest rates Fed already has January jobs report data The first jobs report of the year is due on Friday. But members of the Fed won\'t have to wait until then to know what the unemployment rate was last month. They\'ve already received crucial data from the report that will be used to inform their interest rate decision, the Bureau of Labor Statistics confirmed with USA TODAY. Fed Chair Powell and other Fed officials cannot disclose any information they\'ve received from the jobs report ahead of its release. Economists surveyed by Dow Jones forecast that employers added 187,000 jobs last month, a decline from December\'s 223,000 job gain. The slowdown in hiring would push the unemployment rate up to 3.6% from its current level of 3.5%, according to forecasts. PCE inflation The latest reading of the Fed\'s preferred inflation gauge, the PCE price index, found that prices are 5% higher than a year ago. That\'s the lowest annual rate of inflation since September 2021. JOLTS report A fresh read of the labor market was just released. The Job Openings and Labor Turnover\xa0Survey\xa0(JOLTS) showed that there were 11 million vacancies in December. That exceeded economists\' expectations by nearly 1 million vacancies. The Fed has been keeping a close eye on the report for signs of a labor market slowdown. Fed Chair Powell has repeatedly said that vacancies are too high and need to come down so that the labor supply is better aligned with demand. Will interest rates go down in 2023? At the Fed\'s last meeting in December, no Fed official said they expect rate cuts in 2023. That said some mortgage rates are coming down. CPI report The next CPI report will be released in about two weeks on Feb. 14. Bitcoin price Bitcoin is down slightly this morning. But overall, the cryptocurrency is having a stellar month. It\'s up nearly 40%. Inflation\'s cooling, rates are peaking: Is it time to buy stocks and bonds again? Inflation relief: Super Bowl favorites like guacamole, chicken wings will cost less this year How Fed rate hikes impact credit card rates The interest rates banks charge\xa0on their credit cards are tied to the prime rate, which is tightly linked to the Fed funds rate. As the prime rate has risen to 7.5%, the average credit card interest rate has risen from 14.6% in February 2022 to\xa019.9% last week, according to Bankrate. That has\xa0raised monthly interest charges by about $29\xa0to $108 on the average American\'s\xa0$6,965 credit card balance. To see how the Fed\'s rate hikes have impacted other areas of the economy like home sales, the stock market and more be sure to read\xa0Jim Sergent\'s piece . Inflation definition The Fed\'s decision today is largely going to be influenced by inflation. Inflation is when prices for goods and services rise across the board. If, for instance, gas prices go up a lot but overall prices remain stable the economy would not be experiencing inflation. Is inflation going down? The two main U.S. inflation measures, the Consumer Price Index and the Personal Consumption Expenditures price index, are easing. The latest CPI report found prices for goods and services were 6.5% higher than a year ago. That\'s a sizeable improvement from June when annual inflation was over 9%. On a monthly basis,\xa0consumer prices fell by 0.1% in December, the first decline since May 2020. \'Egg-scuse me, this carton is how much?\': Here\'s why egg prices are soaring across the US When is the next Fed meeting? The Fed\'s next meeting is from March 21 to 22. Fed 2023 meeting schedule Here are the remaining meetings for the year: May 2-3 June 13-14 July 25-26 September 19-20 Oct/Nov 31-1 December 12-13 Elisabeth Buchwald is a\xa0personal finance and markets correspondent\xa0for USA TODAY.\xa0You can f ollow her on Twitter @BuchElisabeth and sign up for our\xa0Daily Money newsletter here This article originally appeared on USA TODAY: Fed meeting: Federal Reserve hikes interest rate to curb inflation', 'Bitcoin rose above US$24,000 for the first time since mid-August in Thursday morning trading in Asia before sliding back slightly. It gained along with Ether and most other top 10 non-stablecoin cryptocurrencies after the U.S. Federal Reserve raised interest rates by the expected 25 basis points overnight and Fed chair Jerome Powell said the “disinflationary process” has started in the economy. U.S. equities gained on the comments, also encouraged by a better-than-expected growth forecast at social media platform Meta Platforms Inc. Dogecoin was the only token in the top 10 to fall, but it held gains for the week.\nSee related article:Bankrupt FTX held US$1.4B in cash at the end of 2022\n• Bitcoin rose 3.7% to US$23,979 in the 24 hours to 10 a.m. in Hong Kong, bringing its gains to 3.5% in the past seven days. Ether added 5.6% to US$1,677 and is up 3.6% for the week, according todata from CoinMarketCap.\n• Polygon jumped 10.9% to US$1.23, gaining the most in CoinMarketCap’s list and bringing its weekly gains to 23.2%. Solana added 6.3% to US$25.38, a weekly rise of 2.4%.\n• Dogecoin lost 0.2% to US$0.09 but was still trading up 9.7% over the past week on reports Elon Musk, the Twitter Inc. boss and Dogecoin advocate, was considering bringing payment systems to the social media network.\n• The crypto market cap rose 3.7% to US$1.09 trillion, with total trading volume up 28.9% to US$60.8 billion.\n• U.S. equities rose on Wednesday. The S&P 500 Index added 1.1%, the tech-heavy Nasdaq Composite Index gained 2% and the Dow Jones Industrial Average closed up less than 0.1%.\n• Powell’s announcement that the Fed was raising interest rates by 25 basis points – the smallest increase since March last year – had been priced into markets and reflected economic data in recent months that showed inflation had begun to cool.\n• Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• However, Fed officials on Wednesday said they did not think they had finished raising rates entirely, and have indicated before that they could raise rates as high as 5%. Interest rates are currently at 4.5% to 4.75%, the highest level in 15 years.\n• Tech-giant Meta’s share price rose 2.8% to $153.12. in after-hours trading on Wednesday after it said it had reached 2 billion users for the first time and projected strong growth into 2023. The company’s Q4 revenue came in at US$32.17 billion, down from US$33.67 billion a year ago.\n• Technology companies have beenslashing jobsto reduce costs in recent months and investors await earnings on Thursday from Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google.\n• U.S. non-farm payroll data is also out on Friday, another key inflation indicator.\nSee related article:Cardano’s Djed stablecoin locks US$10 mln in reserves on its first day', 'Bitcoin rose above US$24,000 for the first time since mid-August in Thursday morning trading in Asia before sliding back slightly. It gained along with Ether and most other top 10 non-stablecoin cryptocurrencies after the U.S. Federal Reserve raised interest rates by the expected 25 basis points overnight and Fed chair Jerome Powell said the “disinflationary process” has started in the economy. U.S. equities gained on the comments, also encouraged by a better-than-expected growth forecast at social media platform Meta Platforms Inc. Dogecoin was the only token in the top 10 to fall, but it held gains for the week.\nSee related article:Bankrupt FTX held US$1.4B in cash at the end of 2022\n• Bitcoin rose 3.7% to US$23,979 in the 24 hours to 10 a.m. in Hong Kong, bringing its gains to 3.5% in the past seven days. Ether added 5.6% to US$1,677 and is up 3.6% for the week, according todata from CoinMarketCap.\n• Polygon jumped 10.9% to US$1.23, gaining the most in CoinMarketCap’s list and bringing its weekly gains to 23.2%. Solana added 6.3% to US$25.38, a weekly rise of 2.4%.\n• Dogecoin lost 0.2% to US$0.09 but was still trading up 9.7% over the past week on reports Elon Musk, the Twitter Inc. boss and Dogecoin advocate, was considering bringing payment systems to the social media network.\n• The crypto market cap rose 3.7% to US$1.09 trillion, with total trading volume up 28.9% to US$60.8 billion.\n• U.S. equities rose on Wednesday. The S&P 500 Index added 1.1%, the tech-heavy Nasdaq Composite Index gained 2% and the Dow Jones Industrial Average closed up less than 0.1%.\n• Powell’s announcement that the Fed was raising interest rates by 25 basis points – the smallest increase since March last year – had been priced into markets and reflected economic data in recent months that showed inflation had begun to cool.\n• Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• However, Fed officials on Wednesday said they did not think they had finished raising rates entirely, and have indicated before that they could raise rates as high as 5%. Interest rates are currently at 4.5% to 4.75%, the highest level in 15 years.\n• Tech-giant Meta’s share price rose 2.8% to $153.12. in after-hours trading on Wednesday after it said it had reached 2 billion users for the first time and projected strong growth into 2023. The company’s Q4 revenue came in at US$32.17 billion, down from US$33.67 billion a year ago.\n• Technology companies have beenslashing jobsto reduce costs in recent months and investors await earnings on Thursday from Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google.\n• U.S. non-farm payroll data is also out on Friday, another key inflation indicator.\nSee related article:Cardano’s Djed stablecoin locks US$10 mln in reserves on its first day', 'Bitcoin rose above US$24,000 for the first time since mid-August in Thursday morning trading in Asia before sliding back slightly. It gained along with Ether and most other top 10 non-stablecoin cryptocurrencies after the U.S. Federal Reserve raised interest rates by the expected 25 basis points overnight and Fed chair Jerome Powell said the “disinflationary process” has started in the economy. U.S. equities gained on the comments, also encouraged by a better-than-expected growth forecast at social media platform Meta Platforms Inc. Dogecoin was the only token in the top 10 to fall, but it held gains for the week. See related article: Bankrupt FTX held US$1.4B in cash at the end of 2022 Fast facts Bitcoin rose 3.7% to US$23,979 in the 24 hours to 10 a.m. in Hong Kong, bringing its gains to 3.5% in the past seven days. Ether added 5.6% to US$1,677 and is up 3.6% for the week, according to data from CoinMarketCap . Polygon jumped 10.9% to US$1.23, gaining the most in CoinMarketCap’s list and bringing its weekly gains to 23.2%. Solana added 6.3% to US$25.38, a weekly rise of 2.4%. Dogecoin lost 0.2% to US$0.09 but was still trading up 9.7% over the past week on reports Elon Musk, the Twitter Inc. boss and Dogecoin advocate, was considering bringing payment systems to the social media network. The crypto market cap rose 3.7% to US$1.09 trillion, with total trading volume up 28.9% to US$60.8 billion. U.S. equities rose on Wednesday. The S&P 500 Index added 1.1%, the tech-heavy Nasdaq Composite Index gained 2% and the Dow Jones Industrial Average closed up less than 0.1%. Powell’s announcement that the Fed was raising interest rates by 25 basis points – the smallest increase since March last year – had been priced into markets and reflected economic data in recent months that showed inflation had begun to cool. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020. However, Fed officials on Wednesday said they did not think they had finished raising rates entirely, and have indicated before that they could raise rates as high as 5%. Interest rates are currently at 4.5% to 4.75%, the highest level in 15 years. Tech-giant Meta’s share price rose 2.8% to $153.12. in after-hours trading on Wednesday after it said it had reached 2 billion users for the first time and projected strong growth into 2023. The company’s Q4 revenue came in at US$32.17 billion, down from US$33.67 billion a year ago. Technology companies have been slashing jobs to reduce costs in recent months and investors await earnings on Thursday from Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. U.S. non-farm payroll data is also out on Friday, another key inflation indicator. See related article: Cardano’s Djed stablecoin locks US$10 mln in reserves on its first day', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto investors may have been expecting a 25 basis point rate hike, but the Fed\'s announcement didn\'t stop them from sending bitcoin and other cryptos higher. Will crypto assets move higher as more economic data pours in? Insights: Waves\' USDN token is exiting its stablecoin model in an XTN rebrand. What is the significance? Prices CoinDesk Market Index (CMI) 1,118 +43.3 ▲ 4.0% Bitcoin (BTC) $23,967 +865.0 ▲ 3.7% Ethereum (ETH) $1,677 +90.1 ▲ 5.7% S&P 500 4,119.21 +42.6 ▲ 1.0% Gold $1,969 +39.1 ▲ 2.0% Nikkei 225 27,346.88 +19.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Embraces the Fed\'s Latest Rate Hike By James Rubin The Federal Reserve decreed a 25 basis point interest rate hike the world would see. Bitcoin was moved, and then pushed past its former $23,000 threshold groove. At least for a few hours following the central bank\'s much anticipated dovish tilt, the largest cryptocurrency by market capitalization was feeling poetic, recently trading at $23,967, a roughly 3.7% gain over the past 24 hours. BTC soared past $24,100 at one point Wednesday after lingering below $23,000 for much of the past week. Investors seemed more interested in Fed Chair Jerome Powell\'s comments Wednesday that the U.S. central bank\'s inflation fight was far from over than his remark that "[the] disinflationary process has started." The Fed is still looking to slash inflation to 2% from its most recent 6.5% level in December. How long bitcoin continues to trade in its current range near or above $23,000 remains unclear with some market observers believing that prices will retreat, but others highlighting more optimistic signs, including the Fed\'s last two more moderate rate hikes. "Historically, as interest rates rise moderately, as opposed to aggressively the average returns and bitcoin increase massively, more so than traditional assets since the speculators return quickly to buy as the credit and money become more available," CoinDesk Indices Managing Editor Jodie Gunzberg told CoinDesk TV\'s "First Mover" program. Story continues Gunzberg noted "evidence of the number of bitcoin on wallets of [over-the-counter trading] desks rising in January, a signal that "institutional investors such as hedge funds that typically use these desks for large transactions" were buying bitcoin, pushing up its price." Ether fared even better on Wednesday, jumping close to $1,680, a 5.7% rise since Tuesday, same time. Other cryptos spent much of their day in the green with layer 2 network Optimism\'s OPT token, a big winner a week ago, climbing almost 25%, and layer 1 blockchain Aptos Network\'s APT token rising more than 9% to continue its momentum from January. APT surged 387% last month. Equity markets also embraced the Fed announcement, with the tech-heavy Nasdaq and S&P 500, which has a strong technology component, rising 2% and 1%, respectively. Less than three months ago, with inflation lingering above 7%, a heftier increase seemed more likely. "Markets have been proved right today as the Federal Reserve announced a lower-than-previously-indicated rate hike of 25 bps," Oliver Rust , head of product at independent inflation at economic data-aggregator Truflation , wrote in an email. Still, investors will be eyeing new data over the next two days, including jobless claims, and fourth quarter earnings from tech giants Amazon and Google, which in recent weeks have both announced mass layoffs tied to recessionary concerns. On Wednesday, social media platform Meta Platforms (META) reported that it had continued to lose massive amounts of money in its fledgling Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations. FRL accounted for a loss of $4.3 billion in the quarter, better than the consensus of analyst estimates for a loss of $4.4 billion and up from a loss of $3.7 billion in the third quarter. In its January markets report, CoinDesk Indices noted that bitcoin\'s nearly 40% monthly increase was its largest since October 2021 near the end of the last bull market and 12th best month in its history, and that other digital assets had fared even better. "Crypto made a comeback in January as the macroeconomic environment turned brighter with decelerating inflation and expectations the Fed will dial back the pace of interest rates," the report said. It added that a falling dollar was further buoying the market and that "as inflation and interest rates moderate, it also propels bitcoin more than traditional assets historically." Gunzberg highlighted cryptos\' rising volatility relative to "traditional asset classes," a sign of optimism. "The change in sentiment on the macroeconomic backdrop is driving crypto buying especially from the speculators," she said. "It\'s the first stop where investors play as the credit and the money become more available." Biggest Gainers Asset Ticker Returns DACS Sector Loopring LRC +14.9% Smart Contract Platform Polygon MATIC +11.6% Smart Contract Platform Cosmos ATOM +10.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Waves’ USDN Token Abandons the Stablecoin Model in XTN Rebrand By Shaurya Malwa Stablecoins formed a distinct sector in the past bull market cycle, with centralized tokens including USD coin (USDC) and tether (USDT) reaching billions of dollars in market capitalization even as their decentralized counterparts mostly failed to maintain the $1 peg. Terra’s UST was perhaps the poster boy of failed stablecoins. The algorithmic token, which relied on a basket of assets that supposedly backed its $1 value, fell over 90% to a few cents as the Terra ecosystem imploded last May. The price of Terra’s luna token suffered even more, falling 99% within days to nearly zero. Those declines stemmed from how algorithmic stablecoins like UST operated. One UST could be redeemed or minted for exactly $1 worth of LUNA at any time. In theory that helped UST retain its value and created demand for both tokens. Traders could continuously buy and sell LUNA and UST to maintain the peg and profit by doing so, incentivizing them to maintain UST’s peg. Terra’s horrors have dissuaded decentralized finance (DeFi) developers from launching algorithmic stablecoin projects. Some, like the recently launched Djed on Cardano, have shifted and positioned themselves as an overcollateralized token – with $1 worth of djed backed by $4 to $8 worth of Cardano-based tokens. A rebrand Some of the few surviving DeFi stablecoins are changing their models and rebranding entirely. Neutrino, which issued the USDN stablecoin on Waves blockchain, floated a community vote last year to move away from an intended $1 peg altogether. The vote was passed earlier this week. “Before the 2022 bear market, USDN was a reliable option for those looking to store value,” Neutrino developers said in a recent post. “With the current setup, clearly, USDN can not withstand the unprecedented market volatility. However, the team and community believe USDN can still perform a valuable use case in the Waves ecosystem by pivoting to a different model.” USDN was among the several stablecoins that depegged last year. – it lost 9 cents in August, a slip that Waves founder Sasha Ivanov defended at the time. The pivot to XTN will see the coin being collateralized by a basket of tokens from the Waves ecosystem, with its value floating based on supply and demand and the Backing Ratio (BR). The BR represents the total value of all assets held in collateral against the circulating supply and will target a 100% ratio, making the price tend towards $1 for increased stability. The role of SURF, a token issued to recapitalize USDN reserves, will still exist during the pivot, with 10% of reserves being automatically converted from SURF to XTN when the BR reaches 115%. The roadmap for the pivot to XTN includes the development of functionality in January, the release of a technical litepaper in late January, and a full rebrand of USDN to XTN in mid-February. The addition of $15 million of ecosystem tokens as collateral through governance will occur between February and April. Important events 11:00 a.m. HKT/SGT(3:00 UTC) Bank of England Monetary Policy Report 12:15 p.m. HKT/SGT(4:15 UTC) European Central Bank Monetary Policy Decision Statement 9:00 p.m. HKT/SGT(13:00 UTC) Australia S&P Global Services PMI (Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $23K Ahead of Fed Decision; Ethereum Developers to Launch New Testnet for Simulating ETH Withdrawals All eyes were on the Federal Reserve, as Chair Jerome Powell announced the central bank\'s decision on interest rates Wednesday afternoon. CoinDesk Indices Managing Director Jodie Gunzberg joined the conversation. Plus, Allnodes Head of Growth Robert Ellison discussed the new Ethereum testnet "Zhejiang" for simulating ETH withdrawals. "First Mover" was also joined by dYdX Chief Operating Officer George Zeng and Metaphysic founder Tom Graham. Headlines Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022: The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million. Federal Reserve Lifts Interest Rates Another 25 Basis Points: Bitcoin\'s price was little changed in the minutes following the announcement. Binance’s BNB Chain to Offer New Decentralized Storage System: BNB Greenfield’s test net will be released over the next few months, according to the project’s white paper, released Wednesday morning. Aptos Labs Issues Grant to Blockchain Lab at Cornell University: The newly launched blockchain built by former Diem developers has issued a $50,000 grant to a Cornell University professor of computer science. Rocket Pool Community Voting Whether to Self-Limit its Growth: If passed, the vote establishes a guiding set of principles to inform Rocket Pool’s decision-making process in limiting the percentage of staked ether in its ecosystem.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto investors may have been expecting a 25 basis point rate hike, but the Fed\'s announcement didn\'t stop them from sending bitcoin and other cryptos higher. Will crypto assets move higher as more economic data pours in?\nInsights:Waves\' USDN token is exiting its stablecoin model in an XTN rebrand. What is the significance?\nCoinDesk Market Index (CMI)\n1,118\n+43.3▲4.0%\nBitcoin (BTC)\n$23,967\n+865.0▲3.7%\nEthereum (ETH)\n$1,677\n+90.1▲5.7%\nS&P 500\n4,119.21\n+42.6▲1.0%\nGold\n$1,969\n+39.1▲2.0%\nNikkei 225\n27,346.88\n+19.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Embraces the Fed\'s Latest Rate Hike\nBy James Rubin\nThe Federal Reservedecreeda 25 basis point interest rate hike the world would see.\nBitcoin was moved, and then pushed past its former $23,000 threshold groove.\nAt least for a few hours following the central bank\'s much anticipated dovish tilt, the largest cryptocurrency by market capitalization was feeling poetic, recently trading at $23,967, a roughly 3.7% gain over the past 24 hours. BTC soared past $24,100 at one point Wednesday after lingering below $23,000 for much of the past week.\nInvestors seemed more interested in Fed Chair Jerome Powell\'s comments Wednesday that the U.S. central bank\'s inflation fight was far from over than his remark that "[the] disinflationary process has started." The Fed is still looking to slash inflation to 2% from its most recent 6.5% level in December.\nHow long bitcoin continues to trade in its current range near or above $23,000 remains unclear with some market observers believing that prices will retreat, but others highlighting more optimistic signs, including the Fed\'s last two more moderate rate hikes. "Historically, as interest rates rise moderately, as opposed to aggressively the average returns and bitcoin increase massively, more so than traditional assets since the speculators return quickly to buy as the credit and money become more available," CoinDesk Indices Managing Editor Jodie Gunzberg told CoinDesk TV\'s "First Mover" program.\nGunzberg noted "evidence of the number of bitcoin on wallets of [over-the-counter trading] desks rising in January, a signal that "institutional investors such as hedge funds that typically use these desks for large transactions" were buying bitcoin, pushing up its price."\nEther fared even better on Wednesday, jumping close to $1,680, a 5.7% rise since Tuesday, same time. Other cryptos spent much of their day in the green with l
**Last 60 Days of Bitcoin's Closing Prices:**
[17130.49, 16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-02
**Financial & Commodity Data:**
- Gold Closing Price: $1916.30
- Crude Oil Closing Price: $75.88
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $458,736,125,575
- Hash Rate: 283641164.23669064
- Transaction Count: 340169.0
- Unique Addresses: 752262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images US stocks opened mixed on Tuesday as investors digested comments from Federal Reserve officials. Chairman Jerome Powell said at conference in Stockholm that restoring price stability requires unpopular decisions. On Monday, San Francisco and Atlanta Fed presidents suggested higher rates for longer. US stocks opened mixed but largely flat on Tuesday as investors digested hawkish comments from Federal Reserve officials. Chairman Jerome Powell said at conference in Stockholm that restoring price stability requires unpopular decisions. A day earlier, Federal Reserve presidents from Atlanta and San Francisco suggested that the central bank could keep rates above 5% for a prolonged period. Meanwhile, the consumer price index report on inflation is due out Thursday, and analysts at Deutsche Bank predict a year-over-year increase of 6.3% against a broader consensus of 6.5%. On core inflation, which strips out volatile food and energy components, Deutsche foresees a slowdown to 5.6% from 6% a month earlier. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday: S&P 500 : 3,891.14, down 0.02% Dow Jones Industrial Average : 33,522.60, up 0.01% (4.95 points) Nasdaq Composite : 33,522.60, up 0.01% Here's what else is going on: Crypto trading firm Coinbase plans to cut 20% of its staff in another round of layoffs. BlockFi's chief executive withdrew $9 million from the platform right after receiving a loan from FTX. BlackRock's bond chief thinks its "foolhardy" to think the central bank will cut interest rates this year. A rally in the housing market could push up Zillow stock as much as 20%, according to Bank of America . In commodities, bonds, and crypto: Oil prices ticked up, with West Texas Intermediate gaining 0.39% to $74.92 a barrel. Brent crude , the international benchmark, rose 0.41% to $79.99 a barrel Gold was little changed with a 0.09% gain to $1,873.26 per ounce The 10-year yield climbed up 6.7 basis points to 3.587% Bitcoin edged up 0.14% to $17,254.64. Read the original article on Business Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nMarathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market.\nThe miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in astatement. The company still holds about 11,418 bitcoin in its reserve.\nThe move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), whichstarted selling some of its mined bitcoin last year. Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even afterindicating that it may sell at some point. The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement.\nThe miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around282.55 EH/s, implying Marathon has about 4% of the global computing power.\nMarathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said.\nThe shares of the minerrose on Thursday with the broader market. However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally.\nRead more:Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Join the most important conversation in crypto and web3! Secure your seat today Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market. The miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in a statement . The company still holds about 11,418 bitcoin in its reserve. The move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), which started selling some of its mined bitcoin last year . Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even after indicating that it may sell at some point . The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement. The miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around 282.55 EH/s , implying Marathon has about 4% of the global computing power. Marathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said. The shares of the miner rose on Thursday with the broader market . However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally. Read more: Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Join the most important conversation in crypto and web3! Secure your seat today\nMarathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market.\nThe miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in astatement. The company still holds about 11,418 bitcoin in its reserve.\nThe move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), whichstarted selling some of its mined bitcoin last year. Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even afterindicating that it may sell at some point. The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement.\nThe miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around282.55 EH/s, implying Marathon has about 4% of the global computing power.\nMarathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said.\nThe shares of the minerrose on Thursday with the broader market. However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally.\nRead more:Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Bitcoin and Ether traded mostly little changed Friday morning in Asia after a strong run up in the week so far, with other top 10 cryptocurrencies mixed. Binance’s BNB led the gainers, while Dogecoin lost some more steam following a jump earlier this week on speculation it may play a role in the Twitter payment system being considered by Elon Musk. U.S. tech stocks gained overnight in market hours, but Apple Inc., Amazon.com Inc. and Alphabet Inc. fell after-hours on disappointing Q4 earnings released after the market closed.\nSee related article:Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis\n• Bitcoin slipped 0.93% to US$23,500 in the 24 hours to 8 a.m. in Hong Kong, but is up 1.91% in the past seven days. Ether inched 0.23% higher to US$1,645, adding to gains for the week of 2.49%, according toCoinMarketCap data.\n• “Bitcoin has been able to maintain its $23,000 price level, which it broke last week. While there is some selling pressure at $24,000, the higher resistance levels are a positive for the crypto market,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures, toldForkastin an emailed comment.\n• Binance’s BNB token gained 1.87% to US$323.29, leading the gains among the top 10 non-stablecoin tokens by market capitalization, and adding 6% over the past week. Polkadot and memecoin Shiba Inu both rose 1.25%.\n• Dogecoin lost 3.12% to US$0.0912, while layer-1 blockchain Solana’s native token fell 2.61% to US$24.34. Dogecoin is still up 5.36% for the seven days after the token’s advocate and Twitter chief executive Elon Musk said he was looking to add a payments system to the social media platform, fuelling speculation Dogecoin may be included.\n• The global cryptocurrency market capitalization dipped 0.19% to US$1.08 trillion, while total trading volume grew 18.40% to US$65.89 billion.\n• U.S. equities were mixed on Thursday. The tech-focused Nasdaq Composite Index added 3.25% and the S&P 500 Index gained 1.47%. The Dow Jones Industrial Average dipped 0.11%.\n• Apple shares rose 3.71% in Thursday market-hours trading but then reversed after-hours to drop 3.2% when it released its 2022 Q4earnings reportthat showed revenue fell 5% — the largest year-on-year decline since 2019. Shares in Amazon.com and Google’s parent company Alphabet followed the same pattern; rising during market hours and then falling after-market due to disappointing earnings reports.\n• The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points to 2.5%,confirming expectations, and indicated it will raise another 50 basis points in March in itsstatement. The Bank of England also hiked interest rates by 50 basis points to 4% from 3.5%. However, it added that inflation may have peaked in the UK.\n• On Wednesday, the U.S. Federal Reserve raised rates by 25 basis points, the smallest increase since March 2022. Fed chair Jerome Powell commented that the U.S. economy is seeing the start of a “disinflationary process”.\n• “The [Fed] interest rate hike, which was consistent with market expectations, coupled with the notion that disinflation is underway, has instilled even greater confidence in investors. This is evident in the upward trend we’re seeing in both the stock market and cryptocurrency market,” Henry Liu, the CEO of BTSE cryptocurrency exchange, toldForkastvia email.\n• U.S. non-farm payroll data, another key inflation indicator, will be out later on Friday.\nSee related article:Bankrupt FTX held US$1.4B in cash at the end of 2022', 'Bitcoin and Ether traded mostly little changed Friday morning in Asia after a strong run up in the week so far, with other top 10 cryptocurrencies mixed. Binance’s BNB led the gainers, while Dogecoin lost some more steam following a jump earlier this week on speculation it may play a role in the Twitter payment system being considered by Elon Musk. U.S. tech stocks gained overnight in market hours, but Apple Inc., Amazon.com Inc. and Alphabet Inc. fell after-hours on disappointing Q4 earnings released after the market closed.\nSee related article:Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis\n• Bitcoin slipped 0.93% to US$23,500 in the 24 hours to 8 a.m. in Hong Kong, but is up 1.91% in the past seven days. Ether inched 0.23% higher to US$1,645, adding to gains for the week of 2.49%, according toCoinMarketCap data.\n• “Bitcoin has been able to maintain its $23,000 price level, which it broke last week. While there is some selling pressure at $24,000, the higher resistance levels are a positive for the crypto market,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures, toldForkastin an emailed comment.\n• Binance’s BNB token gained 1.87% to US$323.29, leading the gains among the top 10 non-stablecoin tokens by market capitalization, and adding 6% over the past week. Polkadot and memecoin Shiba Inu both rose 1.25%.\n• Dogecoin lost 3.12% to US$0.0912, while layer-1 blockchain Solana’s native token fell 2.61% to US$24.34. Dogecoin is still up 5.36% for the seven days after the token’s advocate and Twitter chief executive Elon Musk said he was looking to add a payments system to the social media platform, fuelling speculation Dogecoin may be included.\n• The global cryptocurrency market capitalization dipped 0.19% to US$1.08 trillion, while total trading volume grew 18.40% to US$65.89 billion.\n• U.S. equities were mixed on Thursday. The tech-focused Nasdaq Composite Index added 3.25% and the S&P 500 Index gained 1.47%. The Dow Jones Industrial Average dipped 0.11%.\n• Apple shares rose 3.71% in Thursday market-hours trading but then reversed after-hours to drop 3.2% when it released its 2022 Q4earnings reportthat showed revenue fell 5% — the largest year-on-year decline since 2019. Shares in Amazon.com and Google’s parent company Alphabet followed the same pattern; rising during market hours and then falling after-market due to disappointing earnings reports.\n• The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points to 2.5%,confirming expectations, and indicated it will raise another 50 basis points in March in itsstatement. The Bank of England also hiked interest rates by 50 basis points to 4% from 3.5%. However, it added that inflation may have peaked in the UK.\n• On Wednesday, the U.S. Federal Reserve raised rates by 25 basis points, the smallest increase since March 2022. Fed chair Jerome Powell commented that the U.S. economy is seeing the start of a “disinflationary process”.\n• “The [Fed] interest rate hike, which was consistent with market expectations, coupled with the notion that disinflation is underway, has instilled even greater confidence in investors. This is evident in the upward trend we’re seeing in both the stock market and cryptocurrency market,” Henry Liu, the CEO of BTSE cryptocurrency exchange, toldForkastvia email.\n• U.S. non-farm payroll data, another key inflation indicator, will be out later on Friday.\nSee related article:Bankrupt FTX held US$1.4B in cash at the end of 2022', 'Bitcoin and Ether traded mostly little changed Friday morning in Asia after a strong run up in the week so far, with other top 10 cryptocurrencies mixed. Binance’s BNB led the gainers, while Dogecoin lost some more steam following a jump earlier this week on speculation it may play a role in the Twitter payment system being considered by Elon Musk. U.S. tech stocks gained overnight in market hours, but Apple Inc., Amazon.com Inc. and Alphabet Inc. fell after-hours on disappointing Q4 earnings released after the market closed. See related article: Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis Fast facts Bitcoin slipped 0.93% to US$23,500 in the 24 hours to 8 a.m. in Hong Kong, but is up 1.91% in the past seven days. Ether inched 0.23% higher to US$1,645, adding to gains for the week of 2.49%, according to CoinMarketCap data . “Bitcoin has been able to maintain its $23,000 price level, which it broke last week. While there is some selling pressure at $24,000, the higher resistance levels are a positive for the crypto market,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures, told Forkast in an emailed comment. Binance’s BNB token gained 1.87% to US$323.29, leading the gains among the top 10 non-stablecoin tokens by market capitalization, and adding 6% over the past week. Polkadot and memecoin Shiba Inu both rose 1.25%. Dogecoin lost 3.12% to US$0.0912, while layer-1 blockchain Solana’s native token fell 2.61% to US$24.34. Dogecoin is still up 5.36% for the seven days after the token’s advocate and Twitter chief executive Elon Musk said he was looking to add a payments system to the social media platform, fuelling speculation Dogecoin may be included. The global cryptocurrency market capitalization dipped 0.19% to US$1.08 trillion, while total trading volume grew 18.40% to US$65.89 billion. U.S. equities were mixed on Thursday. The tech-focused Nasdaq Composite Index added 3.25% and the S&P 500 Index gained 1.47%. The Dow Jones Industrial Average dipped 0.11%. Apple shares rose 3.71% in Thursday market-hours trading but then reversed after-hours to drop 3.2% when it released its 2022 Q4 earnings report that showed revenue fell 5% — the largest year-on-year decline since 2019. Shares in Amazon.com and Google’s parent company Alphabet followed the same pattern; rising during market hours and then falling after-market due to disappointing earnings reports. The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points to 2.5%, confirming expectations , and indicated it will raise another 50 basis points in March in its statement . The Bank of England also hiked interest rates by 50 basis points to 4% from 3.5%. However, it added that inflation may have peaked in the UK. On Wednesday, the U.S. Federal Reserve raised rates by 25 basis points, the smallest increase since March 2022. Fed chair Jerome Powell commented that the U.S. economy is seeing the start of a “disinflationary process”. “The [Fed] interest rate hike, which was consistent with market expectations, coupled with the notion that disinflation is underway, has instilled even greater confidence in investors. This is evident in the upward trend we’re seeing in both the stock market and cryptocurrency market,” Henry Liu, the CEO of BTSE cryptocurrency exchange, told Forkast via email. U.S. non-farm payroll data, another key inflation indicator, will be out later on Friday. See related article: Bankrupt FTX held US$1.4B in cash at the end of 2022 View comments', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A late Thursday dip sent bitcoin and other cryptos into negative territory from Wednesday highs that followed the Federal Reserve\'s moderate interest rate hike.\nInsights:Crypto trading activity increases following the Federal Reserve\'s interest rate increase on Wednesday.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,101\n−18.9▼1.7%\nBitcoin (BTC)\n$23,535\n−432.7▼1.8%\nEthereum (ETH)\n$1,645\n−30.9▼1.8%\nS&P 500\n4,179.76\n+60.5▲1.5%\nGold\n$1,931\n+3.4▲0.2%\nNikkei 225\n27,402.05\n+55.2▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Post Rate Hike Momentum Stalls\nBy James Rubin\nA late Thursday price dip notwithstanding, optimism continued wafting through crypto markets a day after the U.S. Federal Reserve\'s modest price hike surprised few monetary policy observers.\nBitcoin was recently trading just above $23,500, down 1.8% over the past 24 hours but still well above last week\'s support near $23,000. The largest cryptocurrency by market value has risen about 40% this year amid investors\' growing optimism about inflation and the economy. The Federal Reserve\'s 25 basis point (bps) increase bolstered markets\' sense that bankers were succeeding in their quest to staunch stubbornly high prices.\nIn an interview with CoinDesk TV\'s "First Mover" program, Mark Connors, head of research at Canadian investment manager 3iQ, said that despite its recent gains bitcoin was still trading below its 200-day moving average.\n"We believe that as we get nearer [to the 200-day average] – which is a huge fundamental catalysts for bitcoin, and we have no reason to believe it won\'t be again – that [bitcoin] will see an even further move higher," Connors said.\nConnors comments dovetailed with a CoinDeskreportthat bitcoin and the S&P 500 were approaching an easy-to-track bullish technical signal – a golden cross. A golden cross occurs when the 50-day simple moving average (SMA) of the security\'s price moves above its 200-day SMA, producing a cross on the price chart\nEther fared similarly on the day, dipping late to also fall 1.8% from Wednesday, same time. The second-largest crypto in market value was recently changing hands near $1,650. Other major cryptos declined late in the day to flatten or also drop into negative territory. APT, the token of layer 1 blockchain Aptos, plunged 6.5% to lose some of the ground it has gained this year. APT rose more than any other token in January. GALA, the token of the Gala Games play-to-earn platform declined 5%. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was recently down 1.8%.\nEquity markets enjoyed a banner day with the tech-focused Nasdaq and S&P 500 rising 3.2% and 1.4%, respectively as investors\' hopes about inflation outweighed their concerns about disappointing fourth-quarter results on Thursday from Apple and Alphabet and a wider slowdown in the once fearsome technology sector. "Financial markets believe inflation will decline more quickly than the Fed is currently thinking," Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email.\n3iQ\'s Connors noted increasing interest recently in 3iQ\'s crypto exchange traded funds, part of larger wave when investors poured more than $200 million into these types of products in January, according to crypto data provider group Crypto Compare.\n"We had more smiles," Connors quipped. "We had to bring in some new coins to satisfy inflows. That was good. And it wasn\'t kind of crazy numbers. It was it was a nice healthy number."\nConnors added that current growth is sustainable. "I think the [price] entry point is so good. If people are buying, they\'re the type of people who really want in. So there\'s not FOMO going on right now even though we\'re up. I really like this layer of buyer coming in here because they\'ve done the work, they\'ve shaken off the FTX debacle as a bad actor, a fraud."\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.9%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.9%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22123.8%", "DACS Sector": "Currency"}]\nCrypto Trading Volume Increases Following Fed Decision\nBy Glenn Williams\nBitcoin and ether saw trading volumes increase following the Federal Open Market Committee’s (FOMC) rate decision.\nAbout $32 billion in bitcoin changed hands on Thursday, a 20% increase over the previous day, and 40% higher than the $23 billion worth of BTC that traded the day prior to the Fed decision.\nEther’s volume was 30% higher than on Wednesday, and 60% higher than volume preceding the FOMC announcement.\nData from exchanges across all spot markets reflects continued interest in the assets as the formerly challenging macroeconomic picture settles and investor optimism rises.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Japan bank services purchasing managers index (Feb.)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin services purchasing managers index (Jan.)\n21:30 p.m. HKT/SGT(1:30 p.m. UTC):U.S. unemployment rate (Jan.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Briefly Tops $24K; Decentralized Social Network Nostr\'s Damus Gets Listed on Apple App Store\nBitcoin was trading above $23,500 after breaking through $24,000 in the early hours. NewEdge Wealth Senior Portfolio Manager Ben Emons joined the conversation after the Federal Reserve\'s latest interest rate decision. Also, Hodder Law Firm founder and managing partner Sasha Hodder discussed the latest in FTX\'s bankruptcy proceedings. And Nostr, a startup decentralized social network, got its Twitter-like Damus application listed on Apple\'s App Store.\nCrypto Winter Led to 91% Plunge in VC and Other Investments for January:A CoinDesk analysis shows crypto startups only raised $548 million last month. The FTX failure’s full impact on industry fundraising likely remains to be seen.\nMarathon Digital Sells Mined Bitcoin for First Time to Monetize Recent Rally:The bitcoin miner sold 1,500 bitcoin in January.\nCrypto Market’s Post-Fed Rally Continues as DeFi, Smart Contract Platform Sectors Star:Uniswap\'s UNI token and Avalanche\'s AVAX token were recently up about 4.5% and 3.4%; ether rose 3% at one point Thursday a day after unexpectedly moderate comments from Fed Chair Jerome Powell.\nBitcoin, S&P 500 Close In on Bullish \'Golden Cross\' Signal:In the past, bitcoin\'s big rallies have started with a golden cross, but not all golden crosses have led to a big rally.\nOpenSea Releases Suite of New Tools for Creator NFT Drops:The new experience allows select creators to include multi-stage minting phases, allowlist support and personalized landing pages for their NFT releases.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: A late Thursday dip sent bitcoin and other cryptos into negative territory from Wednesday highs that followed the Federal Reserve\'s moderate interest rate hike. Insights: Crypto trading activity increases following the Federal Reserve\'s interest rate increase on Wednesday. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,101 −18.9 ▼ 1.7% Bitcoin (BTC) $23,535 −432.7 ▼ 1.8% Ethereum (ETH) $1,645 −30.9 ▼ 1.8% S&P 500 4,179.76 +60.5 ▲ 1.5% Gold $1,931 +3.4 ▲ 0.2% Nikkei 225 27,402.05 +55.2 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Post Rate Hike Momentum Stalls By James Rubin A late Thursday price dip notwithstanding, optimism continued wafting through crypto markets a day after the U.S. Federal Reserve\'s modest price hike surprised few monetary policy observers. Bitcoin was recently trading just above $23,500, down 1.8% over the past 24 hours but still well above last week\'s support near $23,000. The largest cryptocurrency by market value has risen about 40% this year amid investors\' growing optimism about inflation and the economy. The Federal Reserve\'s 25 basis point (bps) increase bolstered markets\' sense that bankers were succeeding in their quest to staunch stubbornly high prices. In an interview with CoinDesk TV\'s "First Mover" program, Mark Connors, head of research at Canadian investment manager 3iQ, said that despite its recent gains bitcoin was still trading below its 200-day moving average. "We believe that as we get nearer [to the 200-day average] – which is a huge fundamental catalysts for bitcoin, and we have no reason to believe it won\'t be again – that [bitcoin] will see an even further move higher," Connors said. Story continues Connors comments dovetailed with a CoinDesk report that bitcoin and the S&P 500 were approaching an easy-to-track bullish technical signal – a golden cross. A golden cross occurs when the 50-day simple moving average (SMA) of the security\'s price moves above its 200-day SMA, producing a cross on the price chart Ether fared similarly on the day, dipping late to also fall 1.8% from Wednesday, same time. The second-largest crypto in market value was recently changing hands near $1,650. Other major cryptos declined late in the day to flatten or also drop into negative territory. APT, the token of layer 1 blockchain Aptos, plunged 6.5% to lose some of the ground it has gained this year. APT rose more than any other token in January. GALA, the token of the Gala Games play-to-earn platform declined 5%. The CoinDesk Market Index , a measure of the crypto market\'s performance, was recently down 1.8%. Equity markets enjoyed a banner day with the tech-focused Nasdaq and S&P 500 rising 3.2% and 1.4%, respectively as investors\' hopes about inflation outweighed their concerns about disappointing fourth-quarter results on Thursday from Apple and Alphabet and a wider slowdown in the once fearsome technology sector. "Financial markets believe inflation will decline more quickly than the Fed is currently thinking," Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email. 3iQ\'s Connors noted increasing interest recently in 3iQ\'s crypto exchange traded funds, part of larger wave when investors poured more than $200 million into these types of products in January, according to crypto data provider group Crypto Compare. "We had more smiles," Connors quipped. "We had to bring in some new coins to satisfy inflows. That was good. And it wasn\'t kind of crazy numbers. It was it was a nice healthy number." Connors added that current growth is sustainable. "I think the [price] entry point is so good. If people are buying, they\'re the type of people who really want in. So there\'s not FOMO going on right now even though we\'re up. I really like this layer of buyer coming in here because they\'ve done the work, they\'ve shaken off the FTX debacle as a bad actor, a fraud." Biggest Gainers Asset Ticker Returns DACS Sector Loopring LRC +1.3% Smart Contract Platform Shiba Inu SHIB +0.9% Currency Polkadot DOT +0.4% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −4.9% Entertainment Solana SOL −4.0% Smart Contract Platform Dogecoin DOGE −3.8% Currency Insights Crypto Trading Volume Increases Following Fed Decision By Glenn Williams Bitcoin and ether saw trading volumes increase following the Federal Open Market Committee’s (FOMC) rate decision. About $32 billion in bitcoin changed hands on Thursday, a 20% increase over the previous day, and 40% higher than the $23 billion worth of BTC that traded the day prior to the Fed decision. Ether’s volume was 30% higher than on Wednesday, and 60% higher than volume preceding the FOMC announcement. Data from exchanges across all spot markets reflects continued interest in the assets as the formerly challenging macroeconomic picture settles and investor optimism rises. Bitcoin 02/02/23 (TradingView) Important events 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Japan bank services purchasing managers index (Feb.) 9:45 a.m. HKT/SGT(1:45 a.m. UTC): Caixin services purchasing managers index (Jan.) 21:30 p.m. HKT/SGT(1:30 p.m. UTC): U.S. unemployment rate (Jan.) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Briefly Tops $24K; Decentralized Social Network Nostr\'s Damus Gets Listed on Apple App Store Bitcoin was trading above $23,500 after breaking through $24,000 in the early hours. NewEdge Wealth Senior Portfolio Manager Ben Emons joined the conversation after the Federal Reserve\'s latest interest rate decision. Also, Hodder Law Firm founder and managing partner Sasha Hodder discussed the latest in FTX\'s bankruptcy proceedings. And Nostr, a startup decentralized social network, got its Twitter-like Damus application listed on Apple\'s App Store. Headlines Crypto Winter Led to 91% Plunge in VC and Other Investments for January: A CoinDesk analysis shows crypto startups only raised $548 million last month. The FTX failure’s full impact on industry fundraising likely remains to be seen. Marathon Digital Sells Mined Bitcoin for First Time to Monetize Recent Rally: The bitcoin miner sold 1,500 bitcoin in January. Crypto Market’s Post-Fed Rally Continues as DeFi, Smart Contract Platform Sectors Star: Uniswap\'s UNI token and Avalanche\'s AVAX token were recently up about 4.5% and 3.4%; ether rose 3% at one point Thursday a day after unexpectedly moderate comments from Fed Chair Jerome Powell. Bitcoin, S&P 500 Close In on Bullish \'Golden Cross\' Signal: In the past, bitcoin\'s big rallies have started with a golden cross, but not all golden crosses have led to a big rally. OpenSea Releases Suite of New Tools for Creator NFT Drops: The new experience allows select creators to include multi-stage minting phases, allowlist support and personalized landing pages for their NFT releases.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A late Thursday dip sent bitcoin and other cryptos into negative territory from Wednesday highs that followed the Federal Reserve\'s moderate interest rate hike.\nInsights:Crypto trading activity increases following the Federal Reserve\'s interest rate increase on Wednesday.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,101\n−18.9▼1.7%\nBitcoin (BTC)\n$23,535\n−432.7▼1.8%\nEthereum (ETH)\n$1,645\n−30.9▼1.8%\nS&P 500\n4,179.76\n+60.5▲1.5%\nGold\n$1,931\n+3.4▲0.2%\nNikkei 225\n27,402.05\n+55.2▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Post Rate Hike Momentum Stalls\nBy James Rubin\nA late Thursday price dip notwithstanding, optimism continued wafting through crypto markets a day after the U.S. Federal Reserve\'s modest price hike surprised few monetary policy observers.\nBitcoin was recently trading just above $23,500, down 1.8% over the past 24 hours but still well above last week\'s support near $23,000. The largest cryptocurrency by market value has risen about 40% this year amid investors\' growing optimism about inflation and the economy. The Federal Reserve\'s 25 basis point (bps) increase bolstered markets\' sense that bankers were succeeding in their quest to staunch stubbornly high prices.\nIn an interview with CoinDesk TV\'s "First Mover" program, Mark Connors, head of research at Canadian investment manager 3iQ, said that despite its recent gains bitcoin was still trading below its 200-day moving average.\n"We believe that as we get nearer [to the 200-day average] – which is a huge fundamental catalysts for bitcoin, and we have no reason to believe it won\'t be again – that [bitcoin] will see an even further move higher," Connors said.\nConnors comments dovetailed with a CoinDeskreportthat bitcoin and the S&P 500 were approaching an easy-to-track bullish technical signal – a golden cross. A golden cross occurs when the 50-day simple moving average (SMA) of the security\'s price moves above its 200-day SMA, producing a cross on the price chart\nEther fared similarly on the day, dipping late to also fall 1.8% from Wednesday, same time. The second-largest crypto in market value was recently changing hands near $1,650. Other major cryptos declined late in the day to flatten or also drop into negative territory. APT, the token of layer 1 blockchain Aptos, plunged 6.5% to lose some of the ground it has gained this year. APT rose more than any other token in January. GALA, the token of the Gala Games play-to-earn platform declined 5%. TheCoinDesk Market Index, a measure of the crypto market\'s performance, was recently down 1.8%.\nEquity markets enjoyed a banner day with the tech-focused Nasdaq and S&P 500 rising 3.2% and 1.4%, respectively as investors\' hopes about inflation outweighed their concerns about disappointing fourth-quarter results on Thursday from Apple and Alphabet and a wider slowdown in the once fearsome technology sector. "Financial markets believe inflation will decline more quickly than the Fed is currently thinking," Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email.\n3iQ\'s Connors noted increasing interest recently in 3iQ\'s crypto exchange traded funds, part of larger wave when investors poured more than $200 million into these types of products in January, according to crypto data provider group Crypto Compare.\n"We had more smiles," Connors quipped. "We had to bring in some new coins to satisfy inflows. That was good. And it wasn\'t kind of crazy numbers. It was it was a nice healthy number."\nConnors added that current growth is sustainable. "I think the [price] entry point is so good. If people are buying, they\'re the type of people who really want in. So there\'s not FOMO going on right now even though we\'re up. I really like this layer of buyer coming in here because they\'ve done the work, they\'ve shaken off the FTX debacle as a bad actor, a fraud."\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.9%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+0.4%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.9%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22123.8%", "DACS Sector": "Currency"}]\nCrypto Trading Volume Increases Following Fed Decision\nBy Glenn Williams\nBitcoin and ether saw trading volumes increase following the Federal Open Market Committee’s (FOMC) rate decision.\nAbout $32 billion in bitcoin changed hands on Thursday, a 20% increase over the previous day, and 40% higher than the $23 billion worth of BTC that traded the day prior to the Fed decision.\nEther’s volume was 30% higher than on Wednesday, and 60% higher than volume preceding the FOMC announcement.\nData from exchanges across all spot markets reflects continued interest in the assets as the formerly challenging macroeconomic picture settles and investor optimism rises.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Japan bank services purchasing managers index (Feb.)\n9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin services purchasing managers index (Jan.)\n21:30 p.m. HKT/SGT(1:30 p.m. UTC):U.S. unemployment rate (Jan.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Briefly Tops $24K; Decentralized Social Network Nostr\'s Damus Gets Listed on Apple App Store\nBitcoin was trading above $23,500 after breaking through $24,000 in the early hours. NewEdge Wealth Senior Portfolio Manager Ben Emons joined the conversation after the Federal Reserve\'s latest interest rate decision. Also, Hodder Law Firm founder and managing partner Sasha Hodder discussed the latest in FTX\'s bankruptcy proceedings. And Nostr, a startup decentralized social network, got its Twitter-like Damus application listed on Apple\'s App Store.\nCrypto Winter Led to 91% Plunge in VC and Other Investments for January:A CoinDesk analysis shows crypto startups only raised $548 million last month. The FTX failure’s full impact on industry fundraising likely remains to be seen.\nMarathon Digital Sells Mined Bitcoin for First Time to Monetize Recent Rally:The bitcoin miner sold 1,500 bitcoin in January.\nCrypto Market’s Post-Fed Rally Continues as DeFi, Smart Contract Platform Sectors Star:Uniswap\'s UNI token and Avalanche\'s AVAX token were recently up about 4.5% and 3.4%; ether rose 3% at one point Thursday a day after unexpectedly moderate comments from Fed Chair Jerome Powell.\nBitcoin, S&P 500 Close In on Bullish \'Golden Cross\' Signal:In the past, bitcoin\'s big rallies have started with a golden cross, but not all golden crosses have led to a big rally.\nOpenSea Releases Suite of New Tools for Creator NFT Drops:The new experience allows select creators to include multi-stage minting phases, allowlist support and personalized landing pages for their NFT releases.', 'Alger Capital, an investment management company, released its “Alger Spectra Fund” fourth quarter investor letter. A copy of the same can bedownloaded here. In the fourth quarter, Class A shares of the fund underperformed the Russell 3000 Growth Index. The portfolio’s largest sector overweight in the quarter was Energy and the largest sector underweight was Information Technology. Energy and Utility sectors were the significant performance contributors, while Information technology and Consumer Discretionary sectors detracted from the performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.\nAlger Capital highlighted stocks Datadog, Inc. (NASDAQ:DDOG) in the Q4 2022 investor letter. Headquartered in New York, New York, Datadog, Inc. (NASDAQ:DDOG) is a software company that provides a monitoring and analytics platform for developers. On February 2, 2023, Datadog, Inc. (NASDAQ:DDOG) stock closed at $86.97 per share. One-month return of Datadog, Inc. (NASDAQ:DDOG) was 35.59%, and its shares lost 42.12% of their value over the last 52 weeks. Datadog, Inc. (NASDAQ:DDOG) has a market capitalization of $27.618 billion.\nAlger Capital made the following comment about Datadog, Inc. (NASDAQ:DDOG) in its Q4 2022 investor letter:\n"Datadog, Inc.(NASDAQ:DDOG) is as an observability software vendor that enables customers to have strong visibility into the performance of its technology stacks that drive high quality end-user experiences. The company is able to achieve this with its portfolio of 15 products that encompass infrastructure technology monitoring, application performance monitoring (APM) and security information and event management (SIEM). We believe Datadog\'s platform is well positioned to take share of a large total addressable market because it provides best-in-class observability tools with smooth adoption motion that delivers immediate value to small-to-mid sized businesses. While the company reported strong fiscal third quarter results, shares underperformed due to a difficult macroeconomic environment. resulting in weak consumer discretionary demand. However. new products are ramping up and accelerating sales and marketing investments should support strong growth, in our view."\nchristina-wocintechchat-com-FVgECvTjlBQ-unsplash\nDatadog, Inc. (NASDAQ:DDOG) is not on our30 Most Popular Stocks Among Hedge Fundslist. As per our database, 74 hedge fund portfolios held Datadog, Inc. (NASDAQ:DDOG) at the end of the third quarter, which was 82 in the previous quarter.\nWe discussed Datadog, Inc. (NASDAQ:DDOG) inanother articleand shared the list of big data stocks to buy. In addition, please check out ourhedge fund investor letters Q4 2022page for more investor letters from hedge funds and other leading investors.\nSuggested Articles:\n• 20 Most Valuable Swedish Companies\n• 13 Top Performing Bitcoin Stocks in January\n• 25 Smartest Companies To Invest In\nDisclosure: None. This article is originally published atInsider Monkey.', 'Alger Capital, an investment management company, released its “Alger Spectra Fund” fourth quarter investor letter. A copy of the same can be downloaded here . In the fourth quarter, Class A shares of the fund underperformed the Russell 3000 Growth Index. The portfolio’s largest sector overweight in the quarter was Energy and the largest sector underweight was Information Technology. Energy and Utility sectors were the significant performance contributors, while Information technology and Consumer Discretionary sectors detracted from the performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. Alger Capital highlighted stocks Datadog, Inc. (NASDAQ: DDOG ) in the Q4 2022 investor letter. Headquartered in New York, New York, Datadog, Inc. (NASDAQ:DDOG) is a software company that provides a monitoring and analytics platform for developers. On February 2, 2023, Datadog, Inc. (NASDAQ:DDOG) stock closed at $86.97 per share. One-month return of Datadog, Inc. (NASDAQ:DDOG) was 35.59%, and its shares lost 42.12% of their value over the last 52 weeks. Datadog, Inc. (NASDAQ:DDOG) has a market capitalization of $27.618 billion. Alger Capital made the following comment about Datadog, Inc. (NASDAQ:DDOG) in its Q4 2022 investor letter: " Datadog, Inc. (NASDAQ:DDOG) is as an observability software vendor that enables customers to have strong visibility into the performance of its technology stacks that drive high quality end-user experiences. The company is able to achieve this with its portfolio of 15 products that encompass infrastructure technology monitoring, application performance monitoring (APM) and security information and event management (SIEM). We believe Datadog\'s platform is well positioned to take share of a large total addressable market because it provides best-in-class observability tools with smooth adoption motion that delivers immediate value to small-to-mid sized businesses. While the company reported strong fiscal third quarter results, shares underperformed due to a difficult macroeconomic environment. resulting in weak consumer discretionary demand. However. new products are ramping up and accelerating sales and marketing investments should support strong growth, in our view." Story continues IT Support Specialist, software christina-wocintechchat-com-FVgECvTjlBQ-unsplash Datadog, Inc. (NASDAQ:DDOG) is not on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 74 hedge fund portfolios held Datadog, Inc. (NASDAQ:DDOG) at the end of the third quarter, which was 82 in the previous quarter. We discussed Datadog, Inc. (NASDAQ:DDOG) in another article and shared the list of big data stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors. Suggested Articles: 20 Most Valuable Swedish Companies 13 Top Performing Bitcoin Stocks in January 25 Smartest Companies To Invest In Disclosure: None. This article is originally published at Insider Monkey .', 'Ariel Investments , an investment management company, released its \x93Ariel Focus Fund\x94 fourth-quarter investor letter. A copy of the same can be downloaded here . \xa0In the quarter, the fund increased +11.95%, compared to a 12.42% return for the Russell 1000 Value Index and 7.56% for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. Ariel Focus Fund highlighted stocks APA Corporation (NASDAQ: APA ) in the Q4 2022 investor letter. Headquartered in Houston, Texas, APA Corporation (NASDAQ:APA) engages in oil and natural exploration, development, and production. On February 2, 2023, APA Corporation (NASDAQ:APA) stock closed at $42.36 per share. One-month return of APA Corporation (NASDAQ:APA) was -1.24%, and its shares gained 22.82% of their value over the last 52 weeks. APA Corporation (NASDAQ:APA) has a market capitalization of $13.619 billion. Ariel Focus Fund made the following comment about APA Corporation (NASDAQ:APA)\xa0in its Q4 2022 investor letter: "Oil and natural gas explorer, APA Corporation (NASDAQ:APA) was the top contributor to relative returns in the period. Shares traded higher on strong U.S. well performance and upbeat guidance suggesting production is back on track in the North Sea and Egypt. Management also reiterated APA\x92s commitment to return 60% of free cash flow to shareholders through dividends and repurchases. In our view, this suggests significant buyback activity in the upcoming quarter, highlighting an attractive return of capital." APA Corporation (NASDAQ:APA) is not on our list of 30 Most Popular Stocks Among Hedge Funds . As per our database, 47 hedge fund portfolios held APA Corporation (NASDAQ:APA) at the end of the third quarter, which was 36 in the previous quarter. We discussed APA Corporation (NASDAQ:APA) in another article and shared the list of most undervalued NASDAQ stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors. Story continues Suggested Articles: 15 Most Valuable Retail Companies in the World 12 Top Performing Consumer Staples Stocks in January 13 Top Performing Bitcoin Stocks in January Disclosure: None. This article is originally published at Insider Monkey .', 'Ariel Investments, an investment management company, released its “Ariel Focus Fund” fourth-quarter investor letter. A copy of the same can bedownloaded here. \xa0In the quarter, the fund increased +11.95%, compared to a 12.42% return for the Russell 1000 Value Index and 7.56% for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.\nAriel Focus Fund highlighted stocks APA Corporation (NASDAQ:APA) in the Q4 2022 investor letter. Headquartered in Houston, Texas, APA Corporation (NASDAQ:APA) engages in oil and natural exploration, development, and production. On February 2, 2023, APA Corporation (NASDAQ:APA) stock closed at $42.36 per share. One-month return of APA Corporation (NASDAQ:APA) was -1.24%, and its shares gained 22.82% of their value over the last 52 weeks. APA Corporation (NASDAQ:APA) has a market capitalization of $13.619 billion.\nAriel Focus Fund made the following comment about APA Corporation (NASDAQ:APA)\xa0in its Q4 2022 investor letter:\n"Oil and natural gas explorer,APA Corporation(NASDAQ:APA) was the top contributor to relative returns in the period. Shares traded higher on strong U.S. well performance and upbeat guidance suggesting production is back on track in the North Sea and Egypt. Management also reiterated APA’s commitment to return 60% of free cash flow to shareholders through dividends and repurchases. In our view, this suggests significant buyback activity in the upcoming quarter, highlighting an attractive return of capital."\nAPA Corporation (NASDAQ:APA) is not on our list of30 Most Popular Stocks Among Hedge Funds. As per our database, 47 hedge fund portfolios held APA Corporation (NASDAQ:APA) at the end of the third quarter, which was 36 in the previous quarter.\nWe discussed APA Corporation (NASDAQ:APA) inanother articleand shared the list of most undervalued NASDAQ stocks to buy according to hedge funds. In addition, please check out ourhedge fund investor letters Q4 2022page for more inves
**Last 60 Days of Bitcoin's Closing Prices:**
[16974.83, 17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-03
**Financial & Commodity Data:**
- Gold Closing Price: $1862.90
- Crude Oil Closing Price: $73.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $453,066,594,750
- Hash Rate: 260167412.7136542
- Transaction Count: 315951.0
- Unique Addresses: 738211.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin fell below US$17,000 in Thursday morning trading in Asia. The other top 10 non-stablecoin cryptocurrencies by market capitalization also retreated after the U.S. Securities and Exchange Commission Chairman Gary Gensler said the crypto industry is running out of time to comply with securities laws. He spoke on Wednesday in an interview with Yahoo Finance . See related article: SEC’s Gensler says proof-of-stake cryptocurrencies may be securities Fast facts Bitcoin fell 1.4% to US$16,847 in the 24 hours to 8 a.m. in Hong Kong, while Ether dropped 3.1% to trade at US$1,232 according to CoinMarketCap . Leading memecoin Dogecoin saw the biggest losses in CoinMarketCap’s list, falling 4.4% to US$0.095. Polkadot lost 3.7% to US$5.30. Litecoin also fell 3.7% to trade at US$76.96. Gensler said his agency had sufficient authority to begin holding digital asset firms accountable to securities regulation. Gensler said crypto exchanges and lending platforms need to come into compliance with those regulations. “They can do that appropriately, working with the SEC, or we can continue on a course with more enforcement actions, and I would have to say that the runway’s getting shorter,” he said. Gensler said that many crypto firms have been running co-mingled platforms offering lending, trading, hedge funds etc, and such practices will need to end. He did not specifically address the collapse of Bahamas-based crypto exchange FTX.com. It has been alleged FTX used customer funds from its exchange to trade crypto and make investments through its affiliated brokerage Alameda Research. Gensler said in September that any proof-of-stake cryptocurrency, such as the US$150 billion Ethereum network , should be considered a security. U.S. equities finished mostly lower on Wednesday. The Nasdaq Composite Index lost 0.5% and the S&P 500 Index finished 0.2% lower for its fifth consecutive day of losses. The Dow Jones Industrial Average was little changed. Investors see a recent run of bullish economic indicators conflicting with the comments of U.S. Federal Reserve Chair Jerome Powell last week, when he said the central bank may start to ease the pace of interest rate increases to slow inflation. U.S. services industry activity came in at 56.5% in November, according to the monthly survey by the Institute for Supply Management released on Monday. A reading of 50% or greater shows the economy is growing, while 55% is considered to be very strong. The U.S. jobs report out Friday showed the economy added 263,000 positions in November or more than the 200,000 expected. The Fed has increased interest rates since March to try to slow inflation, raising from near zero to a 15-year high of 3.75% to 4%, and has signaled that rates may end up exceeding 5%. The Fed has said it wants inflation in a target range of 2%. The consumer price index showed inflation was running at 7.7% in October, down from 8.2% in September. See related article: Judge approves subpoenas for 3AC cofounders...
- Reddit Posts (Sample): [['u/ZoomZoomFarfignewton', 'Ideas to avoid this sub becoming a target of self-diagnosers?', 54, '2023-02-03 00:59', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/', 'Hi everyone! Love that this sub exists!! I was thinking of some possible ways to, as the post title says, avoid this sub becoming the target of selfdxrs who come here to argue (endlessly) over self diagnosis and all the nonsense that accompanies selfdx. It just seems really exhausting to have that happen constantly.\n\nSome initial thoughts based on what I\'ve seen work in other such subs (mostly Buttcoin, the Bitcoin/crytocurrency snark sub). I propose a list of "things that will get you banned", which could be part of the welcome message and include, for instance, "arguing in bad faith". So if people are constantly going on and on with the same old selfdx lines, boom! Banhammer.\n\nAnother idea I had (also from Buttcoin) was the use of flairs to identify, in this sub\'s context, selfdxrs. And hiding your user flair gets you banned (assuming this sub doesn\'t go the way of fakedisordercringe such that everyone can choose a user flair if they want).\n\nAny thoughts or ideas? Just tossing a few things out there!\n\nEdit because I forgot: I know we\'re small but we MUST censor usernames and identifying info for other users or we risk the sub being permabanned for harassment/brigading! Ive seen it happen, peeps.', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/', '10s56zf', [['u/goingtobelittler', 13, '2023-02-03 01:19', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j6zkp8j/', 'Fully agree! I think flairs are a great idea, and I think this subreddit could use a few more mods too. Not to doubt the current mod\'s ability, but more to say that as the number of members grow, the number of mods should too! Having more people to have eyes on the subreddit will make it more likely that people who come here just to stir up drama will be dealt with quicker. With only one mod in one timezone, there are 8-10 hours of the mod sleeping that this sub is completely unmoderated, which is a LOT of time for people to raid and shit to hit the fan.\n\nI don\'t know much about Reddit modding, but have modded several Discord servers, and in all of the big ones there were always "daytime" and "nighttime" mods, in that when a mod in North America was asleep, a mod in Europe/Australia would be online. Things can go south very quickly in online spaces, and I think having more hands on deck in charge of this subreddit could help prevent harassment as we grow!', '10s56zf'], ['u/lolmmayo', 11, '2023-02-03 02:15', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j6zsepo/', 'I really don’t know what arguing in bad faith actually means and it’s just too vague. Especially for some autistic people who struggle with ambiguity (myself included).', '10s56zf'], ['u/[deleted]', 15, '2023-02-03 03:16', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j700fhm/', "I'm not going to come here anymore if self diagnosers are allowed, I don't care if they have a flair", '10s56zf'], ['u/magcargo75', 40, '2023-02-03 04:00', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70641b/', 'I think we could also do a stickied post with a general viewpoint on self diagnosis. It seems many of us aren’t against the self-suspecting type of self-diagnosis. We are against people saying “I’m autistic” and freely posting their experiences with being autistic without having any professional confirmation on it. I think many of us are also sick of the whole “professionals don’t know enough about autism” argument, as well.\n\nSure, I do think some of the self-diagnosers can be autistic, but it is to the point where diagnosed people often cannot relate, are talked down on, are talked over, are being “educated” on our own condition, and are told what words to use — and it’s too much. \n\nWhat we want is our own space: A space where diagnosed individuals can post about the things we experience and feel a sense of connectedness the way we used to in online communities.\n\nEssentially this isn’t the place to debate privilege, accessibility of services, the knowledge of professionals, the validity of diagnoses, etc; this is a place for diagnosed people to talk about our experiences. We can’t prevent lurkers, but this isn’t the space for them to invade and either intentionally or unintentionally invalidate our experiences.', '10s56zf'], ['u/ZoomZoomFarfignewton', 11, '2023-02-03 08:10', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70w1zp/', "Not sure why gatekeeping posting is necessary, but ok. I dont post much anywhere because I dont usually feel comfortable doing so but thought it might be ok here. Thanks for making it clear that that's not the case. There's one moderator and its a young sub.", '10s56zf'], ['u/ZoomZoomFarfignewton', 12, '2023-02-03 08:21', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70wyys/', 'Excellent points all around! A stickied post is a good idea. In general I think what I was thinking was the need to provide clear information to visitors/lurkers in a way that everything is clearly laid out once, so a stickied post would be perfect.', '10s56zf'], ['u/RedditPolluter', 10, '2023-02-03 08:44', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70yr7c/', 'No promotion of quackery is one way of putting it. Self-diagnosis is a form of quackery.', '10s56zf'], ['u/Cheezbugga27', 13, '2023-02-03 08:58', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70zsl2/', 'This bit is going to be a rant.\n\nI’d just be blunt and stand our ground. They already have several subbreddits that accept them, every new safe space is consumed by them or ridiculed for being “albiest” for simply bringing out a counterpoint. All of them think they’re being a “hero”, the knight shining armor, in reality they’re just strong arming groups like a brute, seeing autism and Aspergers as a medal to gain the spotlight and attention (Although I do believe wanting some attention is fine in a vacuum , but when it has gotten to a monstrosity such as this, is where it has crossed far beyond the line and it’s exploded with social media). The point of “Some people don’t have the services to get diagnosed, so it’s fine” is horrible, if that’s how logic works then if I look up enough about medicine form a couple google search, I can instantly tell someone they got lung cancer over a minor symptom.\n\n\n There has to be a space for those who need the skills and lessons from other diagnosed people as younger people may need the diagnosis so they can prepared for life and older folks can teach them how to adapt to life. There are people who are in their 30s and 50s who only recently got diagnosed which would’ve made life so much easier if they were to get the proper help and skills when they were young, as throughout their lives they believed something was wrong with them, that they never could fit in the crowd, but could never figure out why until they got older. A group of this type has to exist so that way the next generation don’t ever have to think they’re “broken” and have the skills and lessons they need for life.\n\nApologies for this rant and if it went off track for a bit.', '10s56zf'], ['u/Plenkr', 16, '2023-02-03 10:09', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j7150ig/', "I agree with most everything you said. But I disagree with banning talking about accesibility of services, in the sense that this is an issue I deal with all the time. I'm a level 2 autistic (diagnosed) and I need multiple services and accessing them is difficult. How to access: social housing, disability benefits, in-home care, a therapist, assissted living, day centre, vocational rehab, a self-direction budget to pay for disability services, housekeeping help, cleaning personel, a personal assisstent, etc. These are things an autistic person can need and accessing them is often a hassle that can range for mildy difficult (only need a little help and goes relatively quick) to an enormous hassle with losts of paperwork, control doctors that can take up to a year and then waitlists. \n\nThis is an important issue that we can help each other with. And our experiences and knowledge with it can greatly help other autistics that are still at the start of that journey of finding the right support services to fulfill their support needs.", '10s56zf']]], ['u/Science_421', 'Buying gold is just as irrational as buying Crypto', 13, '2023-02-03 02:01', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/', 'Gold Bugs and Crypto Bros are both selling their “investment” as a way to save yourself when the Government Fiat Money Collapses. \n\nBitcoin was started by Libertarian Gold Bugs to create “Internet Gold” and I’m not interested in anything they are selling. I will concede that Crypto Bros are more obnoxious.', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/', '10s6m8r', [['u/biffbobfred', 67, '2023-02-03 02:08', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zrgkl/', 'It’s not as irrational - gold has uses outside of “I hope someone else buys this from me”.', '10s6m8r'], ['u/Potential-Coat-7233', 11, '2023-02-03 02:08', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zri5i/', 'I was in my 20s in the mid 2000s and started learning about gold, the gold standard, Austrian economics, all that shit.\n\nBoy did I sound smart (in my mind) saying fiat money without really understanding what I was saying, or decrying the fed when I understood about 1% of what they do.', '10s6m8r'], ['u/platykurtic', 18, '2023-02-03 02:36', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zv1la/', "Yeah, but the real-world demand for gold is well understood, and already priced into the current price of gold. If you're buying gold as an investment, you're betting you know better than the market what the future demand for gold will be. Goldbugs believe this because of the same sort of inflation and fed fearmongering that they passed on to crypto bros. There's definitely more of a price floor to gold, versus crypto that can just go to zero, but bad investments are still bad investments, OP's claims are apt.", '10s6m8r'], ['u/Total-Addendum9327', 12, '2023-02-03 02:45', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zwbsq/', 'Gold is chemically inert, difficult to find on earth, and beautiful. Bitcoin has one of these properties (kinda). Gold takes my dollar.', '10s6m8r'], ['u/BentonD_Struckcheon', 33, '2023-02-03 02:58', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zy1en/', 'To be fair to gold, it was used as a currency until less than a hundred years ago, and is still kept in reserve by most central banks.\n\nBitcoin? Bitcoin has El Salvador.\n\nGold bugs can easily be as obnoxious and stupid though. They\'re mostly rubes who think gold is some sort of way for country folk to get over on city folk when historically it was exactly the opposite. Loose money financed the settlement of the West in the US, whereas "hard" money backed by gold was what solid 19th century New England merchants insisted on being paid in. They have no idea of the history of the thing they\'re backing.', '10s6m8r'], ['u/HopeFox', 38, '2023-02-03 03:53', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j7055qn/', 'I don\'t want to sound like a gold bug, but buying gold definitely clears the very low bar of "more sensible than buying crypto".', '10s6m8r']]], ['u/faxilito', 'MicroStrategy Lightning announced at shareholders meeting', 194, '2023-02-03 02:35', 'https://www.reddit.com/r/Bitcoin/comments/10s7eex/microstrategy_lightning_announced_at_shareholders/', 'The recording will be available later. For now, there is the slideshow, in which page 10 shows a new product. A Lightning platform to offer rewards and monetization capabilities to enterprises. Also there is some financial info about how the Bitcoin holding strategy is going. \n\n\n[https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/events-presentations/Q4-2022\\_microstrategy-earnings-presentation.pdf](https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/events-presentations/Q4-2022_microstrategy-earnings-presentation.pdf)', 'https://www.reddit.com/r/Bitcoin/comments/10s7eex/microstrategy_lightning_announced_at_shareholders/', '10s7eex', [['u/itfwg', 17, '2023-02-03 02:54', 'https://www.reddit.com/r/Bitcoin/comments/10s7eex/microstrategy_lightning_announced_at_shareholders/j6zxgb6/', 'Thanks!', '10s7eex'], ['u/Intelligent-Gap-3930', 13, '2023-02-03 16:00', 'https://www.reddit.com/r/Bitcoin/comments/10s7eex/microstrategy_lightning_announced_at_shareholders/j723fmv/', "I bought one $MSTR share just so that I could follow the action. I like the company and Michael Saylor. Didn't know that the sub was anti Mike.", '10s7eex'], ['u/zeitgeist785', 10, '2023-02-03 16:32', 'https://www.reddit.com/r/Bitcoin/comments/10s7eex/microstrategy_lightning_announced_at_shareholders/j72876y/', 'I don’t think the sub is anti saylor at all', '10s7eex']]], ['u/napping_lifeguard', 'Things Bitcoin fixes:', 27, '2023-02-03 04:12', 'https://www.reddit.com/r/Buttcoin/comments/10s9hcj/things_bitcoin_fixes/', "Ransomware payments\n\nBlack market transactions\n\nFeelings of worthlessness amongst society's losers (temporary fix only)\n\nSensible discussion on the definitions of investment and commodity (did this *need* fixing though?)\n\n??? Any other guesses? I'm at a loss here.", 'https://www.reddit.com/r/Buttcoin/comments/10s9hcj/things_bitcoin_fixes/', '10s9hcj', [['u/RedneckOfFlatLands', 10, '2023-02-03 05:15', 'https://www.reddit.com/r/Buttcoin/comments/10s9hcj/things_bitcoin_fixes/j70f9mh/', 'Bitcoin fixes the age of conundrum of how to best separate a fool from his money.', '10s9hcj']]], ['u/DressUpFighterOnline', 'Confirmations on the February 2nd ExStream', 23, '2023-02-03 04:48', 'https://www.reddit.com/r/DFO/comments/10sa8hj/confirmations_on_the_february_2nd_exstream/', "# Content\n\n* [Small side quest update](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBNWyraT4vauV9lYL2T7-ah7Z1_C8UYDiqoMLdo-VK6LkFs9jri8-6Xz94k58sRWFbCBmBAYfjYbs6vbpQTurALyijGppdaS9ivPtHHl8XvSw2QRrQdp1qH3GnX7ptb306ePYyjc6rfGafXiU_fuQWT4PLRkVS9ydHVwI_cKTjnzpaq0exyb4CTiby/s1441/3AiUCIgNZe.png). They are small storylines about the next big update (mostly likely WarPath).\n\n# Events\n\n* [A Sweet Surprise](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGcoAVAQlP4t6SCU0vCnZ6wGXjZBXkj2gU97F7pht7A11nsM4bAxosLMbKU0d_h4Lqi1OU_VJcjKp27wxkEH4IRQoddpuVUP2bfE2g9gk1SRbGlfDVHLnlTr-vOP-dD4RH44dzM2zuCQ2_blIwkLARjrb2jauDWeR9t3OmunvPdFoX8B_eOGGQniuX/s697/ApplicationFrameHost_1lwLttSvN1.png):\n * Clear optimal level dungeons to roll for difference [kind of chocolate](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8yCvcqRVNLKQl7A-o7zeiRG0ik5gVglbn1RNU8QVb4yhcVpa8eUH9DRW3PLmPbjPlqMOO1b5wBi2JfP6AUz6dq5o7qcJKnqvbxUOJOh0ngn1tIgSxR-4vWsv4L-dBBzbC64PzFF0M_hgLb_x9Zzc2U4ERR84Kf5uSKEl8OH9ak-zpznQGzIpbuy43/s1958/znyQwH53ol.png) along with various emotes.\n * [Korean version](https://dfoarchive.blogspot.com/2022/02/korea-sweet-valentine-event.html)\xa0here\n* [Merchant of the Winds!](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSiuY02nMr6u7hNRWN5S_MhUm29p7RLfrV8fD0-zxuHHz2RXWnaUDLWsy51fN6eoNUSgVlrQRdjt4_bDIqK9tsukKe0EWVd0UQnn1-r4o9InNuvjUcmYdi-lUNRqnVojDf2L1_3PKTINFlI0gJaGXJ9oyh5L0j5GP_Z_PY9IsCKPFQJ3xezY9YD8_S/s803/ApplicationFrameHost_H9y0qNIi1t.png)\n * Exchange old materials for Golden Beryls and Advance Dungeon [Ticket box](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsijn9Bc97_CdufbEDHlbaLgiSXV7DW49C3oYYSQmhHo7vsXHsDFXQwiMpBth_TESL1EFvmfk8xqEFAq3HKCWnOu3AWVL21tFe68p6t9HIAiSY6JI8gmCMh0Tz27gk5gUj9bHfFuCWLiDhh6bTjOVMG0vf26XNA2Sw8rpL2KE8RwQgx87PVQd6Crmr/s466/ApplicationFrameHost_KD4MCzDnLb.png). 10 materials for each exchange for up to 5 exchanges per day.\n * If you don't have old material, this event also give you [materials](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJcp2nJhazzcft9j4quWBY1MEZlK2ndyFg2iw5MqbZCsyPduDEQ-DpN4qwEeG-2X0Qp3Hab2rcQm31YGGMTnix5NVAhn71dzhirov_FAVCFrZi8TjRR9EsN0Ugi5oM5QnJQoY3HRP0rZHXLsi-0ZXfWt2Q3FSUT5E65zNK7b-jN2vOFGOOKUwWG6XW/s116/ApplicationFrameHost_5rDoG8b3I5.png) to exchange as well.\n* [Share Your Expertise](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOLDuGRd4afhPciXpoulQbVAyiI1SJvjmL1zYDNDhXyrJCt-XvgfbA3QVBtH1PNyXdYTD6ckVeQcf4wOkHM9_mY1gAdXmjXtgF4ehKSR1hVj2P8-jQB8fezi37GfHbt5f3ODTyf9aDrwbeW4ifWayjstvz7vYMk6itPxxjL17ChoD7tsjCAqLF6HJT/s1229/ApplicationFrameHost_VsGhei1huI.png):\n * This will be focused advancement class guide (skills, talisman, runes, etc.)\n * We also look for details and special tips & trick on the class that are not clearly explained.\n\n# Sales\n\n* [Danji Season 2 Finale](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIFRNE8Fod9xWBfgHg2zxEUGqeTyxOKAdBlwkbTc-xZA1T0Ex7B43AAZVC0XbhzMC_l89g1Xoelvu7A5be-Ct5-3WpJGz0-WgM6R4fV7anC9H-fduyz_FLqmCx_8gU1wOE-dBfxW5oczVmIWPceXNW6HuxPvaXnsP349ky1Z_3IJP_tAx8V3RADK8u/s701/ApplicationFrameHost_g74HLPN8Go.png): Get double amount of stacks during event period.\n\n# Others\n\n* KDnF is selling their merchandises [here](https://www.gururang.com/ko/store/df),\xa0and they wanted to see our opinions on some the [items](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiukz-wg-5AdFcuOcPa-eboUVbvV__tu4TesrTsFOGOPdErI0YvB-zaWJ5uweh-GN583lhLuC-CmK62WgyEwt3Qpds2Qr2SPTRT7WjVYVLMv9TuzXbMwHCMwFW-4uR8xCzq-Rb4zn1hiCq63PMxTWAUGjE_4WKt43w6oLDp5bOnscnY0EaH0bZef7dw/s2446/vboPzc3tT2.jpg) (not sure where they were going with this though).\n* No package raffle this stream.\n\n# Q&A\n\n* Can we finally get popular old avatars without any purchase limits and trade shenanigans on a regular and constant basis, also how about bringing back the cera avatars withdrawn from the shop.\n * We wanted to prevent price gouging\xa0and messing with market price.\n* Are there any plans to bring back really old event auras like the [Arad Runner](https://www.dfoneople.com/news/sales/1052/avatar-collection) avatars?\n * There was an\xa0[issue](https://www.dfoneople.com/news/notices/1099/Regarding-Avatar-Collection-Season-1-Aura-Upgrade?page=1&srch=title.aura%20upgrade)\xa0that many users have lost their emblems when upgrading from Arad Walker aura to Arad Runner aura. So they don't have any plan for this rerun. But there's are any other one you wanted to re-release, be vocal and let them know.\n* Webstore black diamond, what happened?\n * The [Avatar and aura](https://webstore.dfoneople.com/View/Promotion/SpecialDetail.aspx?PromotionID=1)\xa0has been going on for a few years and no update. But there will be a new event for DFO privilege user and coming soon on 1st half of this year.\n* Does Neople have any plans to deal with the delay of content in DFOG? To give a bit of context: Ispins to Warpath was around 2 months for KDNF. While Warpath to Bakal Raid was around 1 month (this was with delays as well). DFOG's update from Ispins to Warpath is approaching 3 months and may even be 3 months and a half+. Warpath to Bakal Raid from the sounds of the latest ex streams confirmations point that it could be 2 months+. It feels as if DFOG is once again falling behind after keeping a decent pace at the start of 110, which could be detrimental as Warpath could've easily help prep more players for Bakal Raid. Moreover, it feels discouraging to hear that the reason why reworks or other patches aren't being brought is because Warpath/Bakal could be delayed for many more months, when we're already at a very delayed timeline.\n * For this case, the gap between Ispins and Machine Revolution is higher but it's because of our update schedule mechanic. You guys know we have big updates every 3 months or so. On our 8th Anniversary, we will one of our developer to talk about this topic, so stay tune for transparency.\n* Is it possible to make Master Contracts more available? Whether it be through events or available monthly for gold in the CERA shop?\n * We consider giving out Master Contracts through events\n* Is it possible to increase the Avatar Inventory space and/or the Avatar Closet?\xa0\n * Will look into data to see how widespread this problem and will get back to you about that.\n\n# Special Corner\n\n* DFOG's Official Content Creator\xa0[Sungahime](https://www.twitch.tv/sungahime)\xa0and\xa0[AmirGM](https://www.twitch.tv/amirgm)\xa0made special interview appearance on the steam tonight. Congratz them on 2 years anniversary streaming as CC. This is a test run and they're planning to open up this section as well.\n* **Q: Valentine day plan?**\n * Amir - Single awareness day\n * Sungahime - More trend of love and appreciation for friends and family\n* **Q: Which NPC would you give the event\xa0Sweet Sensitivity Boost to**\n * Sungahime - Red Witch\n * Amir - Woon or Minet\n* **Q: Why did you choose your main? What are the biggest Pros and Cons?**\n * Sungahime - Witch, started from Nexon DFO, cool asthenic and mechanic (e.g. candy explosion). Biggest pros, lots of installation skills and mobility. Biggest cons, install skills and 2A no y-axis range.\n * Amir - Rogue, started as Ranger, but then she loves the architype. She was more used to Shadow Dancer on other game but DFO's take on Rogue was very different. You can play her really fast and roll your face around the keyboard. Great evasion, double jump, i-frame. But if you compare her to Berserker or Spectre, she can feel weaker. Not a lot of flexibility with Tasliman.\n* **Q: Do you have any bug moment or memorable moment on DFO recently?**\n * Sungahime - Some bug with Ispins with Itrenok's rock\n * Amir - 1st Ispin on male striker, took her 7 hours to solo Ashcore. She was not dodging and doing mechanic correctly. She invested a lot on Fire damage on her striker, so that didn't help.\n* **Q: Any shoutout?**\n * Sungahime - [halfmango](https://www.reddit.com/user/halfmango08/) doing livestream and live translation on twitch channel about KDnF talk-to-developer on February 4th. His reddit announcement [here](https://www.reddit.com/r/DFO/comments/10nqh4i/halfmangos_live_translation_session_talk_with/).\n * Amir - 1st, check out\xa0[Khanjali](https://www.reddit.com/user/Khanjali_KO/)'s interview. He's on Spotify as well. 2nd, check out other CC as well, they're usually appear on your first DFO log-in screen.", 'https://www.reddit.com/r/DFO/comments/10sa8hj/confirmations_on_the_february_2nd_exstream/', '10sa8hj', [['u/WellDoneFriedEgg', 14, '2023-02-03 07:38', 'https://www.reddit.com/r/DFO/comments/10sa8hj/confirmations_on_the_february_2nd_exstream/j70tfs7/', 'Transparency is most certainly welcomed as they never talk about why the gap keeps getting bigger. I would like to know what did they spend their working hours on since as far as we can tell they do not make new content for the game. 99% of DFOG content have showed up before in other serves. I do wonder what could possibly makes things so slow. \n\nIn the meantime I feel the least they can do is to acknowledge only having updates every 3 months is a bad experience. This response sounds like they think it’s justified somehow. \n\nKinda infuriating tbh.', '10sa8hj']]], ['u/AutoModerator', '[Daily Discussion] - Friday, February 03, 2023', 35, '2023-02-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/', '10sbo0d', [['u/dopeboyrico', 18, '2023-02-03 15:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j71wtte/', 'Jobs report came in stronger than expected with nonfarm payrolls increasing by 517k in January and unemployment reaching a new 50 year low at 3.4%.\n\nIf inflation continues to fall and GDP for Q1 comes in positive while jobs numbers continue to come in strong, I think it’s fair to say Powell successfully achieved as close to a soft landing as possible. We’ll know in April when Q1 GDP numbers come out.\n\nIt would also mean the bearish thesis from a macro outlook is basically dead. We’ll see.', '10sbo0d'], ['u/bittabet', 10, '2023-02-03 15:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j722m4l/', 'Honestly the unemployment numbers just aren’t going to change much less we destroy the economy since the labor force shrunk so much. This is basically the last driver of inflation still, but not a lot Powell can do about that', '10sbo0d'], ['u/Beingoodfornothing', 15, '2023-02-03 16:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j7276gp/', 'Live on cnbc Michael Saylor.', '10sbo0d'], ['u/thewardser', 13, '2023-02-03 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j729x6c/', 'getting close to the end of this pump, just had my barber show off his gains and talked about how easy it was to make money trading crypto in the last month', '10sbo0d'], ['u/DEEPFIELDSTAR', 26, '2023-02-03 16:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j72bzq1/', 'Pack it up boys. His barber is bullish. Going straight to 8k.', '10sbo0d'], ['u/Defacticool', 12, '2023-02-03 17:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j72h8y4/', "Didn't know Saylor likes to cut hair.", '10sbo0d'], ['u/Westbrook_Level', 10, '2023-02-03 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j72lepc/', 'Your barber must have just gotten in this year.', '10sbo0d'], ['u/AccidentalArbitrage', 10, '2023-02-03 18:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j72tjve/', 'Tell that to the bears that were rage selling/shorting all the way up, or those that have been sitting on the sidelines.', '10sbo0d'], ['u/VictorCobra', 16, '2023-02-03 21:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j73eyjn/', 'First time making a written TradingView post in a couple of months. [Here](https://www.tradingview.com/chart/BTCUSD/EfsyyWOg-Bitcoin-Watching-For-Shenanigans/) are my current thoughts. Happy Friday everyone! \n\nSincerely, \n\nVictor Cobra', '10sbo0d'], ['u/PolarNimbus', 17, '2023-02-03 21:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j73f17j/', 'I\'m thinking we just put in our local top and are on our way to painting a higher low. Feels a bit too euphoric in here, "25k is a sure thing, and we\'ll blast past that to 30k" etc. Big 100k EoY energy.', '10sbo0d'], ['u/DEEPFIELDSTAR', 10, '2023-02-03 21:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j73ge7m/', "I don't know if we'll blast past 25k - but I do remember many times in the past where all these giant resistance levels that we mulled over for months got sliced through like butter. $6k I remember being a big one that was supposed to be this huge thing and then we just blew past it like nothing. It really wouldn't shock me. That's not euphoria that's just the past rhyming. \n\nI just don't think we're gonna hit it as soon as most people think, however.", '10sbo0d'], ['u/AccidentalArbitrage', 18, '2023-02-03 21:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j73jaik/', "I appreciate the thought and effort you put into this post, sincerely. And you make some decent points in your written parts.\n\nBut I've just got to say, lmao, at the squiggly line with little to no explanation showing BTC going to $130k then all the way to $3k **all before the end of 2024**.\n\nLike...what? How? Just no, mate.", '10sbo0d'], ['u/BitSecret', 18, '2023-02-03 21:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j73k09y/', "Wanna hear something funny? I just received a 1099 from Celsius for income. Do they really think I'm going to pay taxes on something that they won't give me!?! Isn't that a fuckin' joke!", '10sbo0d'], ['u/DEEPFIELDSTAR', 13, '2023-02-03 22:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/10sbo0d/daily_discussion_friday_february_03_2023/j73qxw9/', '> The government can’t get blood from a stone\n\n*Laughs in government*', '10sbo0d']]], ['u/[deleted]', 'Why do people say things like if the housing market collapses (goes down by 50%) society will cease to end', 16, '2023-02-03 06:24', 'https://www.reddit.com/r/TorontoRealEstate/comments/10sc4on/why_do_people_say_things_like_if_the_housing/', 'I don’t know how that even makes sense. In one of my earlier posts I said more Canadians are using the food bank than ever. A poster said if the housing market collapses we wouldn’t have food banks. Are GTA homeowners subsidizing food banks in Toronto or did I miss something? I know we have many people in here who have a vested interest in the housing market going up 20-40% every year because it’s their plan to early retirement from jobs they hate but what does it matter to society if housing prices go down 50%. Yeah REITS, real estate agents (they’ll make less but still make some money from transactions) and housing companies on the stock market will take a hit. Bank CEO’s might not make millions every year from mortgage profits but Canada was still a good country throughout the early 2000’s and 90’s. Builders will still get paid to build, the owners of building companies might just have to settle for less Ferraris but I don’t see how the whole country goes into the end times like some people in this group and other housing bulls mention. I would imagine there would be less property tax since the value of homes decreased otherwise how do we cease to exist as a country? To me bitcoin owners and the cult groups within GTA real estate are the same people but that’s just my opinion.', 'https://www.reddit.com/r/TorontoRealEstate/comments/10sc4on/why_do_people_say_things_like_if_the_housing/', '10sc4on', [['u/its-actually-over', 28, '2023-02-03 06:43', 'https://www.reddit.com/r/TorontoRealEstate/comments/10sc4on/why_do_people_say_things_like_if_the_housing/j70ofon/', 'its bullshit, toronto real estate collapsed from 1989 until 1996 (luxury housing and condos down 40-50%, avg freehold house down 25%) and life went on, unemployment did go to 10% but in every single case you were better off buying during bad times then when the market is ripping, during all this there was a separate bubble in vancouver in 1994', '10sc4on'], ['u/JamesVirani', 11, '2023-02-03 06:57', 'https://www.reddit.com/r/TorontoRealEstate/comments/10sc4on/why_do_people_say_things_like_if_the_housing/j70prvv/', "Housing has already crashed by 10-20% nationwide, and economy hasn't suffered or collapsed. We will be fine, and prices have much further to fall.", '10sc4on'], ['u/LowerDesk5094', 39, '2023-02-03 08:17', 'https://www.reddit.com/r/TorontoRealEstate/comments/10sc4on/why_do_people_say_things_like_if_the_housing/j70wn0x/', 'Because they are unaware that the correct phrasing is "cease to exist."...?', '10sc4on'], ['u/dsbllr', 17, '2023-02-03 09:28', 'https://www.reddit.com/r/TorontoRealEstate/comments/10sc4on/why_do_people_say_things_like_if_the_housing/j712305/', "Because that's what needs to happen for housing to become a reality for most young Canadians. I don't think it'll happen but I think it needs to happen.\n\nThe other alternative is pretty terrible as well. 2-3M entry level homes in a decade in the GTA at this rate. Can you imagine that scenario? You're a young doctor with a huge loan but you're living in the basement of some lucky person who just happened to buy a house 25 years prior, now pays his mortgage just through the rent you pay them. You can barely afford rent while you're crippling in debt. Work is a shit show because the hospital's are under funded. This is a bleak scenerio but if the growth continues it could become a real possibility. \n\nSociety struggles either way. It's just that in one direction only the rich prosper.", '10sc4on']]], ['u/rBitcoinMod', 'Daily Discussion, February 03, 2023', 43, '2023-02-03 07:07', 'https://www.reddit.com/r/Bitcoin/comments/10scxts/daily_discussion_february_03_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10rjppj/lightning_thursday_february_02_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10scxts/daily_discussion_february_03_2023/', '10scxts', [['u/LayPessimist', 14, '2023-02-03 09:12', 'https://www.reddit.com/r/Bitcoin/comments/10scxts/daily_discussion_february_03_2023/j710w1w/', 'I don’t think it will be successful. Bitcoiners are not shallow enough to care about stupid ape JPEGs with no further use case. They actually came here because they got tired of all that BS on shitcoins. It’s a different audience.\n\nBitcoiners realize we have real problems to deal with; the fiat system. Everything else is just noise.', '10scxts'], ['u/Stock-Story5857', 12, '2023-02-03 14:57', 'https://www.reddit.com/r/Bitcoin/comments/10scxts/daily_discussion_february_03_2023/j71um9t/', "Witness gets 75% discount. This actually makes the ordinals transactions have lower priority than normal economic transactions at the same fee rate. Economic transaction at the same fee rate will always take priority.\n\nMiners want to make as much money as possible, so miners will only include ordinals transactions when they have a block with empty space after filling the block with all of the normal economic from the mempool. This is because ordinals transactions are very large in weight and they pay low transaction fees. So it's much more profitable for miners to fill blocks with 1 sat/vB economic transactions, rather than heavy weight ordinals transactions. So all normal economic transactions would get included in blocks before these heavy weight ordinals transactions and the only time blocks like this would get made is when there is empty space left in the block and some ordinals transactions left in the mempool after the miner has filled the block with all of the normal economic transactions from the mempool.\n\nRegardless, I still don't support this ordinals garbage.", '10scxts'], ['u/HurricaneHarvey7', 11, '2023-02-03 17:50', 'https://www.reddit.com/r/Bitcoin/comments/10scxts/daily_discussion_february_03_2023/j72kawq/', "Jordan Peterson sold all of his Bitcoin at the bottom in 2022.\n\nHere's what happens now. He either:\n\n* Accepts his mistake and begins DCAing back into Bitcoin to get exposure back\n* Becomes a Buttcoiner and continues to double down on his decision even as the price continues to rise over the years", '10scxts']]], ['u/jamesarmour', 'Who regrets not buying BTC and other alts when BTC was at 16,000?', 138, '2023-02-03 07:13', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/', "Personally, I scooped some up around 16,000 but I wish I would have gotten more. Right now I'm really really fighting the urge not to buy and fomo in right now because I still feel the future holds more pain. I don't want to sound like a bear but I really don't trust this pump right now so I am pumping the brakes until we can get past 25,000 Bitcoin. \n\nIf we can get past 25,000 Bitcoin I really believe we will be on the next bull run. But there is one thing that I really really regret and that is not buying more eth when it was really low around 1200 and I regret selling it at 1,556. I still made a profit but I could have made more if I would have bought more around 1200 and my average was 1300 altogether.\n\nLast but not least I also regret not buying more Avalanche when it was damn near at 11 and 12 cents. Avalanche has to be one of my favorite cryptocurrencies. I love it's dex such as Trader Joe and BenQ and I love staking AVAX in the Avalanche wallet.\n\nSo what about you guys do you have any regrets right now not buying in when BTC was around 1600 or less? Do you think we're going to get another shot this year at buying it or did that ship sail?", 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/', '10sd1am', [['u/40087812', 72, '2023-02-03 07:15', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70rekq/', 'I just DCA’d my way through as usual.', '10sd1am'], ['u/pbjclimbing', 20, '2023-02-03 07:16', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70rfy3/', 'Woulda, coulda, shoulda\n\nHindsight is 20/20 with investing.', '10sd1am'], ['u/partymsl', 38, '2023-02-03 07:20', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70ruku/', "I honestly don't care, I have my long-term vision and that includes not worrying over such short-term things.", '10sd1am'], ['u/HacksawJimDGN', 30, '2023-02-03 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70s3ui/', '2 scenarios.\n\nBitcoin continues going up, in which case 25k is a good entry point.\n\nBitcoin goes down, in which case you can buy for cheap again.', '10sd1am'], ['u/zoomercoomer9000', 235, '2023-02-03 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70s4gi/', 'In 2012 a friend at school was telling me about this coin he was "mining" on his computer. I had no idea what the heck he was on about. This was back when the reward for mining a block was 25 BTC.\n\nLost contact with the dude over the years, so I have no clue if he held. \n\nRegrets? I have a few.', '10sd1am'], ['u/brotherRozo', 59, '2023-02-03 07:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70sos1/', 'I passed up the opportunity for a similar friend to set up mining on my PC, I said no because I didn’t want to be on a FBI list, Better safe than sorry right? 🤣', '10sd1am'], ['u/TabletopThirteen', 48, '2023-02-03 07:34', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70t1hq/', "Not at all. The market is volatile and I don't believe we've seen the last of sub 20k BTC. It takes a while for the economy to truly feel the effect of the interest rate hikes. The war is still going on as well and European countries are still struggling hard with inflation. As others have said, DCA is the way", '10sd1am'], ['u/Longjumping_Method51', 70, '2023-02-03 07:34', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70t2n3/', 'I think we all regret not buying more or at least wish we could afford to have bought more. Who actually thinks they bought enough??', '10sd1am'], ['u/Aquabloke', 12, '2023-02-03 07:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70t3i7/', 'Why have regrets over a logical decision? There was no good reason for the market to move up after 16k. The fallout from FTX was still unwinding with huge structural risk from DCG. \n\nIt was a single actor that caused this pump. And it was in a market that was 85% short. Highly likely that this was a move by a big exchange to liquidate the short sellers and make a big profit. Market manipulation. \n\nIf you have regrets about this one, you are learning the wrong lessons.', '10sd1am'], ['u/Baby_T-Rex_Arms', 16, '2023-02-03 07:42', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70ts5k/', 'I was buying cardano the whole time', '10sd1am'], ['u/podfather2000', 12, '2023-02-03 07:43', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70ttg3/', "I can't change the past so it's pointless to think about the what if. Realistically if I got in at the very start I would have probably sold out or lost it a long time ago. Would be interesting to know how many people held till all ATH.", '10sd1am'], ['u/Christian1762', 68, '2023-02-03 07:46', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70u46z/', 'Third scenario and most likely: btc breaks 25k, op buys, and it goes back to 16k', '10sd1am'], ['u/Bucksaway03', 28, '2023-02-03 07:54', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70uqgi/', 'I told myself crypto would only ever be used for illegal stuff back then to.\n\nSafe to say I was an idiot', '10sd1am'], ['u/CONSOLE_LOAD_LETTER', 47, '2023-02-03 07:55', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70uvam/', "I've been a computer nerd my whole life and remember passing on early Bitcoin mining because at the time it was basically just throwing money on electricity away. I wish I had looked into the ideology more instead of focusing only on the money aspect, because in actuality I would have gotten into it if I had researched enough to know what decentralization really was all about.\n\nOn the bright side, I know quite a bit about the space now and see many big opportunities currently as well as believe there will be many more in the coming years.", '10sd1am'], ['u/voort77', 18, '2023-02-03 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70xjne/', "Long over it. I had near a hundred Bitcoin many years ago and sold for over 20+ times it's initial value. The last few I sold for $1k thinking that was crazy profit. \nGot a deposit on my house. If I waited a more years I could of owned half the city.", '10sd1am'], ['u/HootieSanders', 16, '2023-02-03 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70xkwd/', 'And then op panic sells and waits to buy back in at 10k, which of course never comes', '10sd1am'], ['u/Homelanderthe7', 20, '2023-02-03 08:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70ybrb/', 'In the end you have never bought enough.', '10sd1am'], ['u/P_e_a_s_h_o_o_t_e_r', 22, '2023-02-03 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70ylbo/', 'Remember that Bill Gates in 1994 said "I see little commercial potential for the internet for the next 10 years".\n\nHe was an expert in the field and couldn\'t have been more wrong about that.\n\nI heard about bitcoin for the first time in 2013 I believe, but just dismissed it without doing any research.', '10sd1am'], ['u/meeleen223', 11, '2023-02-03 08:46', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70yuo0/', "God I was dumb,\n\nI remember when BTC was almost worthless and I was like this is cool and expected it to go to like $30 in 2030, not to light up so fast, at $100 thought I missed out and was very, very bummed\n\nOnly reason I didn't start mining or buying was because I thought solving a random algo instead of something useful was waste of energy and only 21 million coins cant be used as money, and thought something better will come along in the future god", '10sd1am'], ['u/Ok_Reference9183', 13, '2023-02-03 08:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70z15b/', "The things all those you've pointed out already crashed bitcoin down to 16k. Remember from 69k now it's 23k. How much more negative news can affect bitcoin? China invade Taiwan? More interest rates hike? Fuck those are already history because bitcoin already crashed 80%.", '10sd1am'], ['u/Mr_Bob_Ferguson', 10, '2023-02-03 08:55', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70zkt8/', 'He cashed out millions, then as he was crossing the road from the bank was hit by a truck carrying wild ostriches.\n\nOne of the ostriches escaped and clawed him, almost to death.\n\nAs he was being transported to hospital the ambulance driver parked to get a snack, forgetting that he was in the back.\n\nIt was a hot day. He sweated and sweated in the back of the ambulance, once again getting steps closer to death, but then the ambulance driver returned. He quickly provided him a sip from a bottle of refreshing water, profusely apologizing.\n\nThey continued on their journey to the hospital, him sipping from the bottle of water.\n\nHe was thankful for still being alive against the odds and recovered fully in hospital. Two weeks later he invested everything in BitConnect.', '10sd1am'], ['u/TheTrueBlueTJ', 15, '2023-02-03 09:25', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j711txl/', 'When I tried out mining in 2016, I could roughly get a whole ETH with my own graphics card in a single month.\n\nDoes that imply I actually kept mining like I should have?\n\nNope, lmao  Big brain', '10sd1am'], ['u/Every_Hunt_160', 17, '2023-02-03 12:32', 'https://www.reddit.com/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j71fdl5/', 'Everyone has a ‘crystal ball’ in hindsight \n\nIn 2 years time if BTC goes to 70k OP would probably make a post saying ‘I wished I bought more BTC at 25k’', '10sd1am']]], ['u/rjolivet', "Ordinals already fill 3% of Bitcoin's (pathetic) bandwidth", 251, '2023-02-03 10:07', 'https://www.reddit.com/r/Buttcoin/comments/10sfx1q/ordinals_already_fill_3_of_bitcoins_pathetic/', "In a few days of existence, Ordinals (aka Bitcoin NFTs) already eat 17.5 Mb/day of the (pathetic) bandwidth of Bitcoin.\n\nThat's 3% of its physical limit (576Mb/day)\n\nhttps://preview.redd.it/mpc26gc7wxfa1.png?width=576&format=png&auto=webp&v=enabled&s=c9e33249b8420f995104e9fc768020a92a0aa9cd", 'https://www.reddit.com/r/Buttcoin/comments/10sfx1q/ordinals_already_fill_3_of_bitcoins_pathetic/', '10sfx1q', [['u/TheRealSlimKami', 44, '2023-02-03 10:17', 'https://www.reddit.com/r/Buttcoin/comments/10sfx1q/ordinals_already_fill_3_of_bitcoins_pathetic/j715ijh/', 'I was out there wageslaving a lot the last couple \nweeks so I kinda missed the whole dickpick update.\n\nSo, what does this mean exactly if the bandwidth will be more and more filled with Ordinals?', '10sfx1q'], ['u/rjolivet', 16, '2023-02-03 10:28', 'https://www.reddit.com/r/Buttcoin/comments/10sfx1q/ordinals_already_fill_3_of_bitcoins_pathetic/j716bz2/', 'It will raise the fee market up : making it more expensive to transact on chain.', '10sfx1q'], ['u/dandykaufman2', 22, '2023-02-03 10:39', 'https://www.reddit.com/r/Buttcoin/comments/10sfx1q/ordinals_already_fill_3_of_bitcoins_pathetic/j7171d5/', 'Hmm. How are houses even going to fit on there.', '10sfx1q'], ['u/ShinyBronzeArse', 174, '2023-02-03 10:40', 'https://www.reddit.com/r/Buttcoin/comments/10sfx1q/ordinals_already_fill_3_of_bitcoins_pathetic/j71755r/', 'Have fine folks at 4chan been made aware of this new wonderful way of trolling bitcoin cultists? These are very creative people, so I am sure they can think of some wonderful things tha...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers. Sao Jose dos Campos, Sao Paulo--(Newsfile Corp. - February 4, 2023) - In the latest development of utility tokens, Brazils\' token wibx emerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers. The concept of "nano-influencer" was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content. As soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishing Wibx as a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month. In addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform\'s customers will be able to use their tokens to purchase products from great companies around the world. In a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency\'s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing. Story continues Wibx token was first listed in 2020 on the country\'s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token. After its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project\'s expansion is significant for the company and the token. Furthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America. As a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing . About Wibx: Wibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company\'s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers. Another equally ambitious project takes place with Wibx in the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects. Wibx Contact: [email protected] Name: Vagner Sobrinho https://wibx.io Vagner Sobrinho - Wibx Co-Founder To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153693', 'Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers.\nSao Jose dos Campos, Sao Paulo--(Newsfile Corp. - February 4, 2023) - In the latest development of utility tokens, Brazils\' tokenwibxemerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.\nThe concept of "nano-influencer" was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content.\nAs soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishingWibxas a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month.\nIn addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform\'s customers will be able to use their tokens to purchase products from great companies around the world.\nIn a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency\'s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing.\nWibx token was first listed in 2020 on the country\'s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token.\nAfter its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project\'s expansion is significant for the company and the token.\nFurthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America.\nAs a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing .\nAbout Wibx:\nWibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company\'s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.\nAnother equally ambitious project takes place withWibxin the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects.\nWibx\nContact:[email protected]\nName: Vagner Sobrinho\nhttps://wibx.io\nVagner Sobrinho - Wibx Co-Founder\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/153693', "This week in coins. Illustration by Mitchell Preffer for Decrypt. After briefly dipping last week , Bitcoin and Ethereum continued their steady 2023 growth with modest gains this week. All the while, however, several other leading cryptocurrencies posted sizable rallies. Bitcoin (BTC) added just over 1% to its value over the last seven days, currently trading just above $23,400. Bitcoin mining difficulty hit a new all-time high this week as miners continue to deploy more hardware to mine the largest cryptocurrency by market cap, despite the sector being hit by mounting energy prices and a recent spate of bankruptcies. The price of stock for Bitcoin-exposed cloud software company MicroStrategy has risen nearly 100% since the start of 2023 and rallied 12% over five days this week. MicroStrategy chairman Michael Saylor is a huge Bitcoin bull and has filled the company war chest with 132,500 BTC—worth over $3.1 billion today. Ethereum (ETH) rose 5% and currently trades at about $1,680, according to data from CoinGecko . The network on Wednesday tested the withdrawals feature of its much-anticipated upcoming Shanghai upgrade, which will finally enable validators to withdraw their earnings. Validators currently have to stake 32 ETH (almost $54,000 worth) to validate transactions and earn rewards. Both market leaders briefly dipped on Monday in anticipation of another round of interest rate hikes by the Federal Reserve. Last year, the U.S. central bank hiked interest rates by 75 basis points—the steepest hikes since 1994—four times in total, before rounding off the year with another hike of 50 basis points. Crypto prices swiftly rebounded on news of the latest hike, announced on Wednesday , which was only 25 basis points. The MATIC token of Ethereum scaling network Polygon rose almost 10% over the week to trade at $1.27 at the time of writing. More individual NFTs were sold on Polygon than Ethereum via leading marketplace OpenSea for the second consecutive month in January, according to analytics by Dune, amid a growing push for brands and Web3 gaming on the platform. OpenSea's Polygon NFT Sales Top Ethereum for Second Straight Month Other notable rallies among the top 30 cryptocurrencies by market capitalization include Ethereum Classic (ETC), which blew up 9% to about $24, Cosmos (ATOM) also rallied 9% to just under $15, Litecoin (LTC) rose 12% to about $99, and popular Ethereum-based meme token Shiba Inu (SHIB) surged 29% to $0.00001513 as of this writing. Render (RNDR), the token behind the blockchain-based distributed rendering solution Render Network, skyrocketed an eye-watering 95% this week after a new foundation was formed and DAO voters passed a new tokenomics model. Story continues Meanwhile, LEO Token (LEO) holders took heavy losses of over 11% this week. The official utility token of crypto exchange Bitfinex currently trades at $3.41. Finally, on the political side of things, the UK Treasury on Wednesday outlined a regulatory regime for crypto businesses in Britain. The proposal says that companies wishing to set up shop in the UK will need to obtain authorization from regulators. The Treasury also acknowledged a need to accommodate crypto’s “ unique features .” View comments", "After briefly dippinglast week, Bitcoin and Ethereum continued their steady 2023 growth with modest gains this week. All the while, however, several other leading cryptocurrencies posted sizable rallies.\nBitcoin (BTC) added just over 1% to its value over the last seven days, currently trading just above $23,400. Bitcoin mining difficulty hit anew all-time highthis week as miners continue to deploy more hardware to mine the largest cryptocurrency by market cap, despite the sector being hit by mounting energy prices and a recent spate of bankruptcies.\nThe price of stock for Bitcoin-exposed cloud software company MicroStrategy has risen nearly 100% since the start of 2023 andrallied 12% over five daysthis week. MicroStrategy chairman Michael Saylor is a huge Bitcoin bull and has filled the company war chest with 132,500 BTC—worth over $3.1 billion today.\nEthereum (ETH) rose 5% and currently trades at about $1,680, according to data fromCoinGecko. The network on Wednesdaytested the withdrawals featureof its much-anticipated upcoming Shanghai upgrade, which will finally enable validators to withdraw their earnings. Validators currently have to stake 32 ETH (almost $54,000 worth) to validate transactions and earn rewards.\nBoth market leadersbriefly dippedon Monday in anticipation of another round of interest rate hikes by the Federal Reserve. Last year, the U.S. central bank hiked interest rates by 75 basis points—the steepest hikes since 1994—four times in total, before rounding off the year with another hike of 50 basis points. Crypto pricesswiftly reboundedon news of the latest hike, announcedon Wednesday, which was only 25 basis points.\nThe MATIC token of Ethereum scaling network Polygon rose almost 10% over the week to trade at $1.27 at the time of writing. More individual NFTs were sold onPolygonthan Ethereum via leading marketplace OpenSea for thesecond consecutive monthin January, according to analytics by Dune, amid a growing push for brands and Web3 gaming on the platform.\nOpenSea's Polygon NFT Sales Top Ethereum for Second Straight Month\nOther notable rallies among the top 30 cryptocurrencies by market capitalization include Ethereum Classic (ETC), which blew up 9% to about $24, Cosmos (ATOM) also rallied 9% to just under $15, Litecoin (LTC) rose 12% to about $99, and popular Ethereum-based meme token Shiba Inu (SHIB) surged 29% to $0.00001513 as of this writing.\nRender (RNDR), the token behind the blockchain-based distributed rendering solution Render Network, skyrocketed aneye-watering 95%this week after a new foundation was formed and DAO voters passed a new tokenomics model.\nMeanwhile, LEO Token (LEO) holders took heavy losses of over 11% this week. The official utility token of crypto exchange Bitfinex currently trades at $3.41.\nFinally, on the political side of things, the UK Treasury on Wednesday outlined a regulatory regime for crypto businesses in Britain. The proposal says that companies wishing to set up shop in the UK will need to obtain authorization from regulators. The Treasury also acknowledged a need to accommodate crypto’s “unique features.”", "After briefly dippinglast week, Bitcoin and Ethereum continued their steady 2023 growth with modest gains this week. All the while, however, several other leading cryptocurrencies posted sizable rallies.\nBitcoin (BTC) added just over 1% to its value over the last seven days, currently trading just above $23,400. Bitcoin mining difficulty hit anew all-time highthis week as miners continue to deploy more hardware to mine the largest cryptocurrency by market cap, despite the sector being hit by mounting energy prices and a recent spate of bankruptcies.\nThe price of stock for Bitcoin-exposed cloud software company MicroStrategy has risen nearly 100% since the start of 2023 andrallied 12% over five daysthis week. MicroStrategy chairman Michael Saylor is a huge Bitcoin bull and has filled the company war chest with 132,500 BTC—worth over $3.1 billion today.\nEthereum (ETH) rose 5% and currently trades at about $1,680, according to data fromCoinGecko. The network on Wednesdaytested the withdrawals featureof its much-anticipated upcoming Shanghai upgrade, which will finally enable validators to withdraw their earnings. Validators currently have to stake 32 ETH (almost $54,000 worth) to validate transactions and earn rewards.\nBoth market leadersbriefly dippedon Monday in anticipation of another round of interest rate hikes by the Federal Reserve. Last year, the U.S. central bank hiked interest rates by 75 basis points—the steepest hikes since 1994—four times in total, before rounding off the year with another hike of 50 basis points. Crypto pricesswiftly reboundedon news of the latest hike, announcedon Wednesday, which was only 25 basis points.\nThe MATIC token of Ethereum scaling network Polygon rose almost 10% over the week to trade at $1.27 at the time of writing. More individual NFTs were sold onPolygonthan Ethereum via leading marketplace OpenSea for thesecond consecutive monthin January, according to analytics by Dune, amid a growing push for brands and Web3 gaming on the platform.\nOpenSea's Polygon NFT Sales Top Ethereum for Second Straight Month\nOther notable rallies among the top 30 cryptocurrencies by market capitalization include Ethereum Classic (ETC), which blew up 9% to about $24, Cosmos (ATOM) also rallied 9% to just under $15, Litecoin (LTC) rose 12% to about $99, and popular Ethereum-based meme token Shiba Inu (SHIB) surged 29% to $0.00001513 as of this writing.\nRender (RNDR), the token behind the blockchain-based distributed rendering solution Render Network, skyrocketed aneye-watering 95%this week after a new foundation was formed and DAO voters passed a new tokenomics model.\nMeanwhile, LEO Token (LEO) holders took heavy losses of over 11% this week. The official utility token of crypto exchange Bitfinex currently trades at $3.41.\nFinally, on the political side of things, the UK Treasury on Wednesday outlined a regulatory regime for crypto businesses in Britain. The proposal says that companies wishing to set up shop in the UK will need to obtain authorization from regulators. The Treasury also acknowledged a need to accommodate crypto’s “unique features.”"]...
**Last 60 Days of Bitcoin's Closing Prices:**
[17089.50, 16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-04
**Financial & Commodity Data:**
- Gold Closing Price: $1862.90
- Crude Oil Closing Price: $73.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,826,167,438
- Hash Rate: 266035850.5944133
- Transaction Count: 304495.0
- Unique Addresses: 691143.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Good morning. Here’s what’s happening: Prices: Bitcoin avoids losses in U.S. stocks as strong economic data makes investors reconsider expectations that the Federal Reserve will pivot anytime soon to a more dovish monetary policy. Insights: Central Bank of Indonesia white paper on the development of the country’s central bank digital currency (CBDC) envisions a world with a government-sanctioned payment layer. Prices CoinDesk Market Index (CMI) 796.34 +3.0 ▲ 0.4% Bitcoin (BTC) $16,817 −1.1 ▼ 0.0% Ethereum (ETH) $1,217 +3.6 ▲ 0.3% S&P 500 daily close 3,822.39 −56.1 ▼ 1.4% Gold $1,801 −14.6 ▼ 0.8% Treasury Yield 10 Years 3.67% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin dodges stock sell-off By Bradley Keoun Bitcoin ( BTC ) was flat over the past 24 hours, on a day where U.S. stocks sold off. Positive economic data rekindled fears that the Federal Reserve may need to keep tightening monetary policy longer than expected – a trend that has put downward pressure on risky asset prices all year. (Check out Glenn Williams Jr.'s analysis here .) The largest cryptocurrency by market volume was trading above $16,800, down just 0.01% over 24 hours. Ether (ETH), the second largest, was trading around $1,223, up 0.82%. The CoinDesk Market Index was up 0.5% Messari's Ryan Selkis, in a 168-page report on his 2023 predictions , wrote the market's direction is "still all about macro and regulation." "The resting market sentiment is that we will have a recession in 2023, with some debate over its potential magnitude. The market also seems to trust that central banks will continue to tighten until inflation is under control. Though contrarian, there are some investors who think it’s more likely that the Fed will pivot once the recession really gets going and accept multi-year high inflation in lieu of a depression or global reserve currency crisis." Insights Web3, DeFi at the center of Indonesian CBDC By Glenn Ardi, CoinDesk Indonesia Story continues The Central Bank of Indonesia’s white paper about the development of the country’s central bank digital currency (CBDC) stands in contrast to China’s: It envisions a world where the government permits, and controls, Web3 and decentralized finance (DeFi) by providing a government-sanctioned payment layer instead of trying to eliminate it. Indonesia’s population has fully embraced crypto. Based on data from the Indonesian Commodity Futures Trading Authority (Bappebti), the number of registered crypto accounts hit 16.3 million as of September 2022, with a year-over-year growth rate of 81.6%. While the Central Bank of Indonesia sees some negative parts to crypto, such as the ability for it to operate as a "shadow central bank," it knows it needs to work on keeping up, but also not getting in the way either, and with that it's developing a digital form of the Rupiah known as Project Garuda, Indonesia’s CBDC. At this point, crypto is too big in Indonesia to ban, so why not work with the industry and provide regulated payment layers, the prevailing logic goes. “[A] CBDC fills the gap left by existing money by acting as the core instrument for central banks to maintain monetary and financial system stability within digital ecosystem,” a whitepaper from the Bank on the CBDC reads. The bank envisions a market where crypto exists as part of a broader ecosystem, with on-ramps to and from CBDC. (Central Bank of Indonesia) “Activities within the Web 3.0 ecosystem, including crypto asset transactions, also add to the complexity of controlling financial systems, both in the context of mitigating micro-financial and macro-financial risks,” the paper reads. “Central banks would need to find a future-proof solution to maintain public trust in them with regards to carrying out their mandate in the digital era.” The Indonesian CBDC, according to the white paper, will be the method of settlement for traditional and digital ecosystem including DeFi, the metaverse and Web3. Cryptocurrency is fine, the prevailing thought seems to go, provided that a digital form of the Rupiah is the dominant means of settlement. This stands in contrast to China’s approach. The country has largely banned most kinds of cryptocurrencies and prohibits crypto transactions almost entirely. The People’s Bank of China white paper on its CBDC mentions cryptocurrency as a concern but takes particular issue with stablecoins, saying they will bring “risks and challenges” to the global financial system. But for Indonesia, stablecoins aren’t a problem. The country already has a handful of rupiah-backed stablecoins such as the BIDR, IDRT or IDK. A big market for these stablecoins is Indonesia’s large diaspora of migrant workers as overseas remittances is a big source of income for the country. In theory, a CBDC could be swapped for a stablecoin, then sent abroad. This method would also have the benefit of allowing authorities to monitor for tax compliance. Still, all this is a long way from being finalized. “The current whitepaper is still high level and theoretical and plans to be implemented,” Asih Karnengsih, chairwoman of Indonesia Blockchain Association, told CoinDesk. “The implementation of the CBDC will take many stakeholders to be involved and the real challenge will be how to invite these stakeholders to join the CBDC system.” But there are security risks A CBDC means that the government would have a lot of information on transactions and users. And Indonesia doesn’t have the best record for IT security. In January 2022, the Central Bank of Indonesia suffered a ransomware attack that resulted in 74.82 GB of data being leaked. A few months later the country’s national electoral commission was hacked, and the personal information of 105 million Indonesian citizens was sold on the dark web. This comes two years after the same department was hacked , resulting in a leak of 2.3 million voter records. Considering the government’s poor track record of IT security, is it really a good idea to give them so much more information? A CBDC would have details about every transaction a person makes. What price would that fetch on the dark web? CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Sam Bankman-Fried in FBI Custody, Former Associates Plead Guilty : Caroline Ellison, the former CEO of Alameda Research, and FTX co-founder Gary Wang plead guilty to fraud charges in the FTX case, seeming to turn against their former boss Sam Bankman-Fried, who faces similar charges. Bankman-Fried, founder of both the cryptocurrency exchange FTX and the crypto trading firm Alameda Research, is expected to make his first appearance in federal court in Manhattan today. Headlines Sam Bankman-Fried Released on $250M Bail Secured by Parents Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults Aave DAO Votes to Integrate Chainlink Proof-of-Reserves to Tighten Network Security Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG...
- Reddit Posts (Sample): [['u/ItsARoughOneYaKnow', 'How and Why did Ordinals gain so much traction?', 28, '2023-02-04 01:49', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/', "Genuinely curious as to what the appeal is to storing arbitrary information on the Bitcoin Blockchain and why it's so controversial. \n\nWhat's their philosophy behind it and how does it even tie into the larger ethos of creating a digital currency that's untethered to the fiat system?", 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/', '10t0jxo', [['u/pleasetrimyourpubes', 26, '2023-02-04 01:51', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74l9ln/', "They're cheap to 'mint.' Costs $3 to $5 to 'mint' one. Contrast that to an NFT that costs between $70 and $300.", '10t0jxo'], ['u/ComedyGodl', 50, '2023-02-04 02:07', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74nccy/', "It is because buttcoiners believe they'll be able to sell jpegs on the Blockchain to the next fool that falls for it.\n\nThis have no other value whatsoever, but those are dumb people looking for dumber people.", '10t0jxo'], ['u/pleasetrimyourpubes', 10, '2023-02-04 02:17', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74ol5t/', 'It doesn\'t take up any space in the blockchain people are just dumb. Nodes and miners can totally delete the ordinal artifacts from their segwit databases. And someone can just store them centrally somewhere. All it is doing is putting a signature of them on the blockchain, with the side effect that it gets stored in the segwit data fields that miners/nodes normally have to keep track of. But it\'s not a real segwit Bitcoin transaction it\'s just data being spammed to the segwit side ledger.\n\nIt\'s cheaper because when they made the segwit compromise they gave "witness" fields a huge satoshi \'discount\' (everything is arbitrary in this space anyway). The idea of segwit basically being bundled transactions that aren\'t stored on the blockchain but rather in a side ledger. Thus "segregated witness."', '10t0jxo'], ['u/grauenwolf', 16, '2023-02-04 04:23', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75449z/', "> It doesn't take up any space in the blockchain people are just dumb. Nodes and miners can totally delete the ordinal artifacts from their segwit databases. \n\nIf you delete data from the chain, then one of two things must be true...\n\n1. You broke the hash and your ability to verify the chain\n2. The data was never part of the hash and thus may have been altered\n\nWhich are you claiming to be true?", '10t0jxo'], ['u/grauenwolf', 27, '2023-02-04 04:23', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j7545vv/', 'They found a new toy to play with.', '10t0jxo'], ['u/grauenwolf', 18, '2023-02-04 04:24', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j7548jj/', 'They found a way to annoy snobbish Bitcoiners, who tend to be anti-NFT.', '10t0jxo'], ['u/grauenwolf', 14, '2023-02-04 04:24', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j754bc3/', 'They are actively attacking the processing power of Bitcoin for fun or to promote an alternative such as Ethereum', '10t0jxo'], ['u/Alphaetus_Prime', 13, '2023-02-04 05:20', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75avjd/', 'They\'re misunderstanding how it works. The data can be "pruned," because it has no bearing on future allowable transactions. But that just means it doesn\'t have to be loaded into memory when processing transactions.', '10t0jxo'], ['u/Alphaetus_Prime', 12, '2023-02-04 06:47', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75jcvo/', "You're just looking for a fight, aren't you? I told you the exact way in which the person you originally replied to was wrong and you don't even care.", '10t0jxo']]], ['u/SnooTangerines6389', 'Should I sell my inventory and make a bitcoin mine', 11, '2023-02-04 02:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/', 'I have 1.5 mill right now if I sell my whole inventory I’ll have around 7.5 mill and should I make a bitcoin mine with that or should I just grind to get the money ? Like scav runs and normal loot runs ??is it even worth it', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/', '10t15om', [['u/kjensen21122112', 13, '2023-02-04 02:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74pna6/', 'Dont make bitcoin mine. Its not worth it this wipe', '10t15om'], ['u/Franklin_le_Tanklin', 19, '2023-02-04 02:39', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74rd5l/', 'So it really depends on how you play.\n\nIf you’re running your generator 24/7 then it’s worth.\n\nIf you aren’t crafting in your hideout and not running it, it’s not worth.\n\nBtc farm costs around 1.5 mill to build and buy a single gpu. You get a btc every roughly 35 hours to start. Btc are worth 140k right now.\n\nSo 24 hours x 7 days = 168 hours a week. \n\n168/35 = roughly 5 bitcoin a week.\n\n5 bitcoin x 140k = 700,000 roubles a week\n\nSo you’ll make it back within about 2 weeks.\n\nThere’s about 5 months left in the wipe\n\nSo def worth it imo IF you are running your generator 24/7 to craft anyway.', '10t15om'], ['u/Screamin_Toast', 12, '2023-02-04 02:58', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74tr87/', 'No. Booze is what you want. You will make 100x the money from it then bitcoin. Use booze to fund bitcoin later.', '10t15om'], ['u/vybegallo', 11, '2023-02-04 07:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j75lett/', 'I would advice to delete your inventory, that would be unpredictable, and being unpredictable is the key to survival in this game', '10t15om']]], ['u/killamobster', 'How many roubles are you all sitting? Like actual money in your stash, not value of stash etc.', 281, '2023-02-04 04:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/', "What level also? Is a lot about to be invested in your hideout? \n\nPeaked at literally 2.5mil this wipe, I'm level 33 still pushing hideout. Intelligence level 2 next and scav case which will obviously destroy my bankroll. Everything else max, no BTC farm, solar or air filtering as of yet though", 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/', '10t48sh', [['u/TheSmalHobbit', 45, '2023-02-04 04:55', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757pjv/', "9 mil roubles, 112k USD, most the hideout is built out other than Solar and Level 3 intel/Bitcoin\n\nEdit: Checked now that I'm home, stash worth is 45 mil", '10t48sh'], ['u/TheSmalHobbit', 13, '2023-02-04 04:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757v5r/', 'Just hit 39 today', '10t48sh'], ['u/Suttbuxx', 15, '2023-02-04 04:57', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757yoq/', "Lmfaoooo, well, thanks to me maining a task, and making it my goal to complete it before I longest out, I spent about 3mil in roubles before I finally rage quit (bout 4 days ago since I've played now lol), so now my stash has about 10k roubles in it lmfaoooo rip.", '10t48sh'], ['u/TheSmalHobbit', 23, '2023-02-04 05:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j758ubu/', 'Yeah, I took advantage of good return on investment barters that are usually cheap to keep money up like salt for the alpha dog suppressor or hunting matches for a Tarzan rig. Also pre-planned my wipe and bought things that get expensive later, like gpus for 120k, as soon as I got the flea market.', '10t48sh'], ['u/Uncle_Bobby_B_', 19, '2023-02-04 05:15', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75a4xd/', 'Level 47, 56mil in cash and around 130 million stash value', '10t48sh'], ['u/xawdeeW', 13, '2023-02-04 05:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bbfr/', 'Level 12 PMC, I have a little over 2 million roubles but also 4 scav junk cases. Yes I’m a hoarder 🤭', '10t48sh'], ['u/xawdeeW', 44, '2023-02-04 05:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bey1/', 'Damn homie, save some pussy for the rest of us', '10t48sh'], ['u/Uncle_Bobby_B_', 48, '2023-02-04 05:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bhxe/', 'Trust me I ain’t taking any!', '10t48sh'], ['u/MisedraN', 16, '2023-02-04 05:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75ci2j/', "8.5 mil roubles \n17k usd\n\nLvl 35\nWant to hit 15-20 mil and then run some cool gear\nCurrently I'm just running with a pp19 and some cheap Lvl 3 armors", '10t48sh'], ['u/frolie0', 50, '2023-02-04 05:40', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75czlw/', "37, 23 million roubles. Making money is really easy if you focus on it, but it's not as much fun as just playing freely imo.", '10t48sh'], ['u/killamobster', 22, '2023-02-04 05:44', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75deyu/', 'Does your stash not just fill up with enemy gear?', '10t48sh'], ['u/orangecalcite', 14, '2023-02-04 05:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75eedt/', 'Got everything in hideout maxed today except for labs items and that set me back to 38k roubles. Just gonna scav streets for money again', '10t48sh'], ['u/skcuf2', 266, '2023-02-04 05:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75enhm/', 'I have more real money than rubles.', '10t48sh'], ['u/cs_zer0', 36, '2023-02-04 06:01', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75f541/', 'Theres no way youre actually running lvl 3 armor with 8m lol why not get better gear?', '10t48sh'], ['u/Trickabounce', 27, '2023-02-04 06:14', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75gd62/', '29,856 roubles at level 33', '10t48sh'], ['u/LoneCentaur95', 17, '2023-02-04 06:14', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75gdv4/', 'I’m normally going from 4-5mil, lvl 27.', '10t48sh'], ['u/LoneCentaur95', 132, '2023-02-04 06:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75gi4l/', 'I don’t know whether to say congrats on the successful career or sorry for your Tarkov troubles.', '10t48sh'], ['u/KeyboardSheikh', 48, '2023-02-04 06:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75hi8v/', 'Lvl 22 8 mill Rub', '10t48sh'], ['u/optionalregression', 16, '2023-02-04 06:44', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75j2x0/', 'scav mains lol', '10t48sh'], ['u/Madio_Sane', 29, '2023-02-04 06:46', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75ja5g/', 'Take a step outside dawg', '10t48sh'], ['u/Kingswitt', 18, '2023-02-04 06:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75k4cd/', 'This is why you and I will never win the rouble contest. I want the best I can afford for 4-5 raids straight if I die every raid regardless of where that puts me financially', '10t48sh'], ['u/royalchoch', 20, '2023-02-04 07:15', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75lp60/', '5,000 at lvl 31\n\nEdit: hoping to get to 29k at 33', '10t48sh'], ['u/cheramiii', 21, '2023-02-04 07:23', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75mdd9/', 'This nerd *cries with 3 mill in the bank', '10t48sh'], ['u/cheramiii', 13, '2023-02-04 07:23', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75mf96/', "There's no way bruh", '10t48sh'], ['u/Uncle_Bobby_B_', 16, '2023-02-04 07:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75n6o6/', 'The lighthouse expansion. It’s fucking insane. Bring a big ass back with some farming rigs and it’s a guaranteed 1.5 mil a raid. Best I’ve had is close to 3', '10t48sh'], ['u/stun0ds', 99, '2023-02-04 07:34', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75n9ne/', "less than 1mil but I play once or twice a week these days. I'm too old and too tired. not even busy. just beat from work and the game itself.", '10t48sh'], ['u/Madio_Sane', 27, '2023-02-04 07:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75ndf5/', "Level 59 at this stage of the wipe is not normal. You're either insanely good at the game, have 80%+ survival rate etc and manage to squeeze in thousands of raids, or you don't sleep if you work 60hrs a week. \nYour life your choice, just seems incredible to me", '10t48sh'], ['u/KeyboardSheikh', 11, '2023-02-04 08:03', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75pm5r/', 'I scav a lot on reserve. So fun. Lol.', '10t48sh'], ['u/SailYourFace', 216, '2023-02-04 08:12', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75q9ah/', '22 mil at level 23 because i’m too tired after work to deal with PvP so I just do scav runs.', '10t48sh'], ['u/Pyr0Mac', 14, '2023-02-04 08:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75qtgs/', 'same, i have holodiniks full of sugar and junkboxes full of water filters', '10t48sh'], ['u/Big_sugaaakane1', 43, '2023-02-04 08:22', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75r224/', 'I still have to kill 5 scavs on customs lmao', '10t48sh'], ['u/tops132', 15, '2023-02-04 08:34', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75rxwt/', 'Just say how many raids you’ve done and your survival rate and we’ll see which of those 3 things you are.', '10t48sh'], ['u/SourceNo2702', 29, '2023-02-04 08:36', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75s1tt/', 'Sir buy a double barrel and go do stash runs', '10t48sh'], ['u/BaseballElectrical55', 54, '2023-02-04 08:44', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75slqw/', 'Feel that man, this game just requires a different level of attention that I don’t have the energy for.', '10t48sh'], ['u/Pissbosse91', 19, '2023-02-04 09:10', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75ujf4/', "This is cap. You are not working 60h a week and being lvl 59 without hacking. There is no way. I play pretty much 90% of my free time and im lvl 40, and I have a full time job.\n\nYou're meaning to tell me that you are higher lvl than 99% of streamers on twitch who's job is to play tarkov? And you work 60h a week, yeah.. ok dude.", '10t48sh'], ['u/Ok-Street-7240', 87, '2023-02-04 09:15', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75uvvh/', 'Too tired after work. I felt that', '10t48sh'], ['u/knewknow', 15, '2023-02-04 09:41', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75wos4/', 'Also, this dude has a post from 6 days ago where he says he was lvl 59. So looks like it only took him 3 weeks :/', '10t48sh'], ['u/LunacyTheory', 36, '2023-02-04 09:55', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75xotb/', 'That’s the neat part, you sell all that gear.', '10t48sh'], ['u/Pissbosse91', 13, '2023-02-04 10:02', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75y5l7/', "More proof he's capping, like its 8million xp to get from 58-59. And he did 1-59 in 3 weeks and didnt manage to get 60 in one week? Mmmhm. Theres usually some ppl making shit up in reddit posts, thinking everyone is gonna believe it.", '10t48sh'], ['u/Wefyb', 10, '2023-02-04 10:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75znb1/', 'Be proud of being a goblin. The game needs goblins as much as it needs chads. Someone has to fill lobbies, someone has to bait scavs, and someone has to sell nuts and bolts.', '10t48sh'], ['u/TheSmalHobbit', 13, '2023-02-04 10:28', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75zxdq/', "Sugar shoots up in price midwipe to 60k+, sometimes 80k+. So you can save any sugar you find and buy cheap sugar to use till then. Filters also go up to 80k mid wipe. \n\nIf you want a youtuber that's amazing for teaching players about the market and the trends for prices, Airwingmarine is the guy for it.", '10t48sh'], ['u/808in503', 26, '2023-02-04 10:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j761tax/', 'We need to set up a GoFundMe for this dude', '10t48sh'], ['u/AMstang', 12, '2023-02-04 11:29', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j7641h8/', 'Sounds exactly like me', '10t48sh'], ['u/arsenal1887', 27, '2023-02-04 12:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j767buc/', 'He could be broke in both or rich af in both tbf', '10t48sh'], ['u/Cattaphract', 11, '2023-02-04 13:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76bep0/', 'Its actually not that difficult if they mean the actual value of roubles translated to Dollars or Euro. Roubles is fucking worthless lmao', '10t48sh'], ['u/Cattaphract', 27, '2023-02-04 13:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76bfkq/', 'Schroedingers Broke', '10t48sh'], ['u/ShadowZpeak', 43, '2023-02-04 13:12', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76biom/', '"hey Mechanic, look at this cool meta M4 I just found" \nand then I proceed to play my trash tier AKM. I wouldn\'t have the ammo to play the other one anyway.', '10t48sh'], ['u/PlayMaGame', 10, '2023-02-04 14:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76licd/', '20mil here too, because I am most of the times with kids, so I play scav only and don’t have any gear fear if sh*t hits the fan…', '10t48sh'], ['u/Bonesnapcall', 48, '2023-02-04 15:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76nx8g/', 'Just play PMC like a scav. 153 shotgun with 8 shell tube, muzzle break and the target point ring sight that only costs 9k. Load with Express or Magnum and just have a Berkut/Daypack/Scav Backpack. Costs 11k to insure and always comes back (occasionally someone takes the muzzle or sight, but not often because they vendor for so little).\n\nThen just play the raid like a scav, except you can kill everything. Just remember to always aim for legs.', '10t48sh'], ['u/ray-jr', 13, '2023-02-04 16:08', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76uk8k/', 'This is honestly the way to go. \n\nI think a lot of people get themselves really jammed up trying to hold onto guns they\'ll use "one day", when in reality it will be dozens if not a hundred hours of play before they can actually get the ammo to support it. You do much better just taking the parts you might reuse (grips, scopes) and selling the rest to Mechanic.\n\nA similar thing happens with armor and helmets. Sure, I could go out once with this super awesome helmet and probably get head, eyes\'d ... or I could sell it to Ragman for 90k and use it for things I\'m actually comfortable risking. \n\nTaking this approach, I\'m currently:\n\n- Level 33\n- Most base upgrades (no solar, btc 2+3, intel 3)\n- 7M roubles, 2k euro, 2k dollars (was 10k till just now PK\'s "quest" to hand him 8k dollars)\n- 47M stash value', '10t48sh'], ['u/IIMAVII', 16, '2023-02-04 16:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76wvjp/', "I feel your pain. I am new to the game and it's brutal. Love it and want to get better but no game kicks me when I'm down as hard as this one does.", '10t48sh'], ['u/IllegalHistory', 14, '2023-02-04 16:36', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76yjkd/', 'That’s what I’ve been running lately, I’ve been killing pmc like never before, magnum buck to the legs and it’s dirt nap time. It must be these new servers but woods has been popping off, these matrix scavs though manifesting out of thin air tend to murder me more than pmc’s. Just got level 15, and just under 4mil.', '10t48sh'], ['u/Bonesnapcall', 11, '2023-02-04 16:39', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j76yuhf/', 'Woods Scavs are really dangerous because they can see through all the tall grass. Sunken Village scavs especially.\n\nAlways try to use trees to get close before they can see you.', '10t48sh']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, February 04, 2023', 27, '2023-02-04 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/', '10t5iub', [['u/ubermensch012', 20, '2023-02-04 08:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j75r4jf/', '2hrs in 0 comments on the daily. Yeah this thing is gonna burst through this resistance.', '10t5iub'], ['u/Rape-Putins-Corpse', 12, '2023-02-04 12:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j769bt2/', "It's a Saturday morning, don't criticize if we sleep in a bit.", '10t5iub'], ['u/Pmmenakedbitcoin', 10, '2023-02-04 12:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j769lkv/', "I don't think we are going to have major movement this weekend. Chop between $23.2-23.9k.", '10t5iub'], ['u/marsh2907', 10, '2023-02-04 12:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j76a9a1/', 'Because?', '10t5iub'], ['u/autistictheory', 10, '2023-02-04 16:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j76uv49/', "this price action is excruciating to me. can't buy because at any point it can drop thousands of dollars within an hour, can't sell because it can also go up thousands in a day, can't trade much because its low volatility\n\njust have to half DCA because its up 50% from its low and wait for the move while it continues this snail movement", '10t5iub'], ['u/Ok_File_9520', 27, '2023-02-04 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j76v7jl/', 'The dumps are a distraction. The floor steadily rising is the real action.', '10t5iub'], ['u/_TROLL', 10, '2023-02-04 17:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j7742cj/', 'The one downside to buying now is knowing that you should have bought two months ago... 😋', '10t5iub'], ['u/logicalinvestr', 16, '2023-02-04 17:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j774io0/', "People who don't buy now will be saying the same thing in two months :-)", '10t5iub'], ['u/DJWhizzy', 10, '2023-02-04 19:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j77mgen/', '24 comments so far lol', '10t5iub'], ['u/_TROLL', 17, '2023-02-04 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j77oaoq/', '"Saturday, Donny, is Shabbos, the Jewish Day of Rest... that means I don\'t work, I don\'t drive a car, I don\'t fucking ride in a car, I don\'t handle money, I don\'t turn on the oven, and I sure as shit *don\'t fucking post on Reddit about bitcoin*!! SHOMER SHABBOS!!"\n\nNo, really, it\'s a weekend. People are either sleeping in late, or they unbelievably may have social lives. 😏', '10t5iub'], ['u/Jip1210', 10, '2023-02-04 20:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j77vrv0/', "I'm calmer than you are dude", '10t5iub'], ['u/gozunker', 24, '2023-02-04 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j77wjj2/', 'We all watchin’ the balloon mate 🎈 /s', '10t5iub'], ['u/jabatasu', 11, '2023-02-04 23:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/10t5iub/daily_discussion_saturday_february_04_2023/j78oqnv/', "Declining volume, bear div on daily. Probably down in short term at least. I'm usually wrong btw.", '10t5iub']]], ['u/rBitcoinMod', 'Daily Discussion, February 04, 2023', 41, '2023-02-04 07:02', 'https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10scxts/daily_discussion_february_03_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/', '10t6m3c', [['u/truquini', 10, '2023-02-04 08:02', 'https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/j75phbr/', 'there is no second best. 👌🏻', '10t6m3c'], ['u/Rattlesnake_Mullet', 24, '2023-02-04 12:26', 'https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/j7680tv/', 'Historical Bitcoin prices for Feb 4th\n\n2023 - $23364\n\n2022 - $37900\n\n2021 - $37770\n\n2020 - $9198\n\n2019 - $3415\n\n2018 - $8424\n\n2017 - $1023\n\n2016 - $382\n\n2015 - $224\n\n2014 - $807\n\n2013 - $20\n\n2012 - $6\n\n2011 - $0.80\n\nSource: https://twitter.com/BtcThis/status/1621825906720346310', '10t6m3c'], ['u/omx5o', 16, '2023-02-04 13:48', 'https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/j76elkh/', 'Looking good for 2024', '10t6m3c'], ['u/CallingVoid', 15, '2023-02-04 17:15', 'https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/j7745l9/', "He shills his own (hilariously over-hyped and incredibly dubious) models to make money. He adds no value to bitcoin.\n\nHe has probably made a lot of gullible people poorer as a result.\n\nWe don't need price prophets.", '10t6m3c']]], ['u/refriedbeanpaste', 'AITA for yelling at my stepfather after he got scammed and possibly hacked?', 591, '2023-02-04 08:10', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/', 'For background, my stepfather is a CPA and has tons of sensitive information on his computer, including my own SSN as well as all of his clients sensitve information. \n\nI (21F) told my stepfather (74) that he had fallen victim to a gift card scam after he informed my mom he had been buying gift cards and giving away codes. He didn\'t believe me or my mom and continued to speak with the fraudsters on the phone, he believed they are from "Paypal” and they also got him to put all his money in Bitcoin and more gift cards by lying and saying it was to “protect his money.”\n\nHe comes back after being gone for a while, and asks me if I know how to reach the command prompt on his computer. I refuse to show him unless he tells me why he needs to. He says that the people on the phone have asked to see his computer, and have had access to his computer for a couple of days. I tell him absolutely not and he ignores me, and goes back talking to the fraudsters on the phone. I raise my voice more, telling him that it he is being scammed. He mocks me by telling me that "oh so you think you know everything". At this point, I am just desperate for him to listen and so I yell at him to shut up, you are being scammed. He just says "you can\'t speak to me that way, or I\'ll cut you off of the phone bill.”\n\nI tell him "fine, because that won\'t change the fact that you got hacked." He still keeps talking over me about how he knows what he is doing and that I have no clue what I am talking about. Meanwhile I try to explain why it’s a scam, but I tell him to shut up again multiple times because he refuses to listen. Each time I stop taking, he says that I can\'t tell him to shut up, and I\'m not being nice.\n\nI tried the civil way as well by sending him and article about the gift card scam, but he hasn\'t responded to that. He thinks that I need to apologize because I was being disrespectful to him by yelling and telling him to shut up. And I don’t think I need to because I am not wrong about him being scammed. \n\nHe also has a history of never listening to the women in the family until he faces consequences. For example, my mom and I told him not to let my ten year old brother on his computer. He didn’t listen and mocked us, until my brother spent $3000 on roblox, so now my brother has no access to his dad’s computer.', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/', '10t7qas', [['u/eefr', 976, '2023-02-04 08:25', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75ragr/', "NTA. He is endangering your safety by putting your personal information at risk. You could end up with identity fraud. Of course you are upset with him.\n\nThat said, when a septuagenarian is falling victim to obvious scams, I worry about dementia. He's being a dick about this, which is frustrating, but it's also objectively concerning behaviour. Does your mother know about this? Can you relay your concerns to his doctor?", '10t7qas'], ['u/CreativeMadness99', 187, '2023-02-04 08:28', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75rg83/', 'NTA\n\nLook at his computer and see if there’s any remote access software like TeamViewer/RemotePC/AnyDesk and uninstall it immediately. And tell your stepdad if the sensitive information that is saved on his PC is leaked and the data was sold, it will open him up to be sued by his clients. And it will likely cost him everything he has. Remind him that reputable companies will never reach out to consumers. Print out articles or email him articles about gift card scams', '10t7qas'], ['u/KangarooOk2190', 57, '2023-02-04 08:36', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75s0vk/', 'You are NTA on this. Being hacked and scammed is a terribly serious thing. You are not disrespectful but you are stating facts out of concern. Freeze all your cards and alert the bank or credit card people immediately', '10t7qas'], ['u/Warrior_White', 20, '2023-02-04 08:58', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75tnik/', 'NTA\n\nYou gave him multiple warnings. He has a history of not listening, and it biting him in the butt. You’ve explained your stance… But I think there’s nothing more you can do from here… This is going to be another thing he has to learn the hard way… And since he has sensitive information from clients on that computer… It might cost him his job. The best you can do is be prepared for the fall out…..', '10t7qas'], ['u/tinysydneh', 506, '2023-02-04 09:09', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75uf3a/', 'NTA. How the _hell_ does a CPA not know this?\n\nAt this point, you may need to call doctors into it, because this is _classic_ dementia behavior.', '10t7qas'], ['u/tarmaq', 19, '2023-02-04 09:42', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75ws94/', 'My dad lost so much money to scammers before he died. It is incredibly frustrating. The fact that your dad is still doing this while your mom is alive, there, and unhappy about it, is very troubling. I would recommend you somehow get him a Lifelock membership so at least no one can open cards in his name, take his house, etc.\n\nNTA.', '10t7qas'], ['u/ttnl35', 38, '2023-02-04 09:58', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75xuqm/', "NTA\n\nI think you need to take steps to protect your info, I'm sure other people will know how to do that better than me.\n\nHowever, I would suggest going to speak to his bank. Not sure what country you are in, but in the UK they have a duty to protect customers etc and may be able to help him. You could also report the scam to the police.", '10t7qas'], ['u/ttnl35', 22, '2023-02-04 10:02', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j75y5qd/', '"Speak kindly to the misogynist putting your data and finances at risk, you the child have higher standards of behaviour to abide by than him".\n\nNah he doesn\'t deserve it. He is sexist, aggressive and childish. She just matches his energy when dealing with him.\n\nShe should report the scam and protect her data with or without him then watch as he has to face the consequences of his actions.', '10t7qas'], ['u/Time-Negotiation1420', 11, '2023-02-04 10:55', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j761qan/', "NTA\n\nIf he keeps this up he won't stay a CPA for long.", '10t7qas'], ['u/Electrical_Angle_701', 88, '2023-02-04 11:00', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76247a/', 'NTA. You should have heard me yelling at my parents when I learned they had been wiring money (total: \\~$25k) to Jamaican scammers.\n\nIt was impossible to get my father to believe that there was no BMW being delivered that day.', '10t7qas'], ['u/ttnl35', 14, '2023-02-04 11:09', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j762pq0/', 'Except she did try explaining nicely and he didn\'t listen. Staying polite wouldn\'t have got her any further because it already hadn\'t worked.\n\nIts one thing to maintain politeness when someone you will never see again, like a waiter, is rude.\n\nIts another to expect someone to constantly maintain a facade of politeness with someone they live with who is constantly aggressive and misogynistic despite their incompetence. \n\nAge is not an excuse and the fact you are willing to give people a pass to mistreat others just because of their age doesn\'t make it the right thing to do. It just means you have convinced yourself it is. In a way its patronising to say an old person doesn\'t know better and must be given a pass. Like they are toddlers or something.\n\nThe saying is "you catch more flies with honey than vinegar".\n\nBut in reality, you catch the most flies with decaying corpses. So make of that what you will.', '10t7qas'], ['u/Terrkas', 13, '2023-02-04 11:12', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j762vgx/', 'If you read the post, you would notice, that yelling only happened after several days and still getting ignored and mocked. Sure it had no effect, but staying civil also did that.', '10t7qas'], ['u/ChakraMama318', 12, '2023-02-04 12:06', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j766k1o/', 'This! \n\nOp: In If you are in the US-I love the app Credit Karma for helping with this kind of stuff. \n\nAlso- make sure your money is safe. If he has your banking info- you may want to change banks or stash some money in an account he doesn’t know about.', '10t7qas'], ['u/maarianastrench', 17, '2023-02-04 12:18', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j767emm/', 'Im an RN and someone close to me got scammed like this because the guy was on meds making him delusional and irrational. He spent 14k buying the same things over and over again in Amazon. You might look into legally incapacitating him?', '10t7qas'], ['u/AnnaBananner82', 97, '2023-02-04 12:49', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j769o60/', 'NTA. Report him to his regulatory board.', '10t7qas'], ['u/AnnaBananner82', 333, '2023-02-04 12:50', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j769qmm/', 'This is also classic “I’m a man and I know better” Boomer behavior.', '10t7qas'], ['u/ClearCasket', 58, '2023-02-04 13:59', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76fjw3/', "My dad knows better and he turned 60 recently. There's even fucking signs above the gift cards mentioning the scam when you go to buy them. This guy has no excuse.", '10t7qas'], ['u/AlmostChristmasNow', 20, '2023-02-04 14:00', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76fpjs/', 'It could be both. But if they drag him to a male doctor about the possible dementia and explain the gift card scam situation as a reason, maybe he’ll listen to a male doctor about it. (Also, better safe than sorry about getting him checked out.)', '10t7qas'], ['u/shinycaptain21', 42, '2023-02-04 14:04', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76g3zh/', 'Very important! His clients need to know their identities are at risk, with the board looking into what information might have been stolen.', '10t7qas'], ['u/Anxious-Marketing525', 112, '2023-02-04 14:24', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76i1ts/', 'Classic male boomer combined with dementia is the best. "No one will tell me not to climb on that roof/use that chainsaw/get rid of that hornets nest". I feel sort of grateful now it didn\'t extend to being hacked. Just hospital visits.', '10t7qas'], ['u/Anxious-Marketing525', 81, '2023-02-04 14:25', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76i6ik/', 'Or sadly, get a male family friend or relative the same age as him to do it. He might listen to them (as frustrating as it is).', '10t7qas'], ['u/HeyCanYouNotThanks', 34, '2023-02-04 14:51', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76kz5t/', "It's not always dementia, some of these old people are just so stubborn", '10t7qas'], ['u/Jallenrix', 13, '2023-02-04 15:13', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76njfr/', 'If you haven’t locked your credit with all three agencies, you need to do that ASAP. \n\nYou should also notify the state agency that issued his CPA license. Even if he hasn’t been scammed [he has], his clients’ information is at risk. He’s probably in violation of security guidelines for handling personal data. His clients deserve to know. \n\nNTA.', '10t7qas'], ['u/Old-Mention9632', 147, '2023-02-04 16:08', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76umjh/', 'Lock your credit down now.', '10t7qas'], ['u/Labby84', 16, '2023-02-04 16:24', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76wv8h/', "I was thinking of sending him some of Mark Rober's videos.", '10t7qas'], ['u/Miserable-Stuff-3668', 258, '2023-02-04 16:37', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j76ynpk/', 'If in the US, OP can actually report this to the FTC and FBI.\n\nhttps://consumer.ftc.gov/articles/gift-card-scams\n\n https://www.ic3.gov/\n\nOP, NTA. If you or your mom can get enough info out of your dad, please report them. Even a little bit will document the scam.', '10t7qas'], ['u/mortuarybarbue', 48, '2023-02-04 16:56', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j771aeh/', 'My brother fell for this scam a few times. Hes on the spectrum but they know how to get you to believe them. Theres a whole case about a man who was scamming people in the tri-state area not with gift cards but with pretending to be a cop and calling fast food restaurants and saying he was looking for a person gives vague description and says its about drugs. A lot of sh!t went down.', '10t7qas'], ['u/PurpleAquilegia', 27, '2023-02-04 17:10', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j773bo1/', "My late husband didn't have dementia, but when he was in his '70s, he nearly fell prey to one of those 'You've won a holiday' scams. He was very upset when I explained it to him. \n\n\nAlso, one time, he agreed to cell phone 'upgrades' thinking he was speaking to our provider - didn't realise that it was a different company. (Our company was EE. The 'upgrade' was from a company called 3 and he was a bit deaf. The one thing that really worried me was how they got access to his bank details...) \n\n\nI got it sorted it out in the end, but it took me over a month. \n\n\nI think we sometimes get a bit more gullible as we get older. I'm trying to avoid that trap myself.", '10t7qas'], ['u/Upstairs_Sherbet2490', 10, '2023-02-04 17:37', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j777bez/', "This! There's so many male YouTubers she could use to get through to him! Jim browning and Atomic Shrimp are probably my faves", '10t7qas'], ['u/OohLaLapin', 10, '2023-02-04 19:37', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j77pcix/', 'It does seem to be the case that aging leads to greater tendency to be scammed: https://www.forbes.com/sites/nextavenue/2016/12/18/why-older-adults-are-so-susceptible-to-financial-fraud/', '10t7qas'], ['u/Electronic-Bet847', 11, '2023-02-04 20:02', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j77t0j1/', "A 64yo man who decides to have a child has already evidenced extremely poor judgement. Not surprised he's likely to bankrupt and ruin his family AND be sued professionally before the baby conceived in his geriatric years reaches adulthood.", '10t7qas'], ['u/Glittering-Cellist34', 11, '2023-02-04 21:57', 'https://www.reddit.com/r/AmItheAsshole/comments/10t7qas/aita_for_yelling_at_my_stepfather_after_he_got/j789ctt/', 'Reporting does pretty much nothing. Best to not get scammed.', '10t7qas']]], ['u/FreeFormFlow', 'Shit eating grin.. TRX. I wanna name her Diablo. New RAM owner!', 35, '2023-02-04 08:27', 'https://www.reddit.com/r/ram_trucks/comments/10t805s/shit_eating_grin_trx_i_wanna_name_her_diablo_new/', "&#x200B;\n\n[You can see my Raptor being dwarfed in the background. I've never touched or driven a nicer truck, goddamn I love this thing. ](https://preview.redd.it/xkj1btcti4ga1.jpg?width=4032&format=pjpg&auto=webp&v=enabled&s=37f00b2405ac52ab2477a505eb44c2e30d1bf465)", 'https://www.reddit.com/r/ram_trucks/comments/10t805s/shit_eating_grin_trx_i_wanna_name_her_diablo_new/', '10t805s', [['u/Rex_Racer95', 25, '2023-02-04 12:19', 'https://www.reddit.com/r/ram_trucks/comments/10t805s/shit_eating_grin_trx_i_wanna_name_her_diablo_new/j767hg1/', "El Diablo. It's like Spanish for like a fighting chicken.", '10t805s'], ['u/New_Extension_143', 11, '2023-02-04 14:52', 'https://www.reddit.com/r/ram_trucks/comments/10t805s/shit_eating_grin_trx_i_wanna_name_her_diablo_new/j76l1ym/', "Down votes, guess they haven't seen talladega Nights lol", '10t805s']]], ['u/Top_coin', "As the crypto market continues to gain momentum in 2023, here's a look at how the company valuations of Bitcoin and Nano stack up if the recovery continues. I think we are approaching another period of record highs !!", 54, '2023-02-04 12:15', 'https://www.reddit.com/r/nanotrade/comments/10te3f3/as_the_crypto_market_continues_to_gain_momentum/', "So I don't want to target bitcoin but as it has by far the highest market cap its the only Comparison worth while. In 2021 Nano hit a price of circa £8.50 and is currently 73p, that's a multiple of nearly 12. So just as a plain and simple recovery play you could gain 12 times your investment here. Bitcoin on the other hand is trading at £19400 and hit highs £54000, so just as a recovery play Bitcoin could gain you circa 3 times your money if it hits the highs of 2021 .\n\nSo x12 for Nano \nAnd less than x3 for bitcoin \n\nNow which recovery play investment makes sense there??\n\nThe story becomes even more pronounced when when you look at the Market Caps. MC measures the value of a company by multiplying the number of shares by the monetary value of each share, so the only real way to value a company and compare against peers. Bitcoin currently has a Market Cap of £363bn. Beyond this fact if you remember 2021 levels were 3 times higher that would put the value of\nbitcoin at £1.1trillion. Now when\nyou consider the value of BP is only £89 billion and even massive Amazon is only £900 billion you begin to see how crazy the market cap of Bitcoin is at 2021 recovery levels of £1.1trillion.\n\nSo if Bitcoin ever returns to 2021\nwhere does the value increase\nappear, can we really see Bitcoin\nhitting £2trillion or even £4trillion market caps. So when we analyse Nanos Market Cap its a very different outcome.\n\nNano currently has a value of around £92m so if it returns to 2021 levels that would be circa £1.1billion. So even at 2021 levels it would put the\nvalue of Nano around £1bn which still leaves huge potential for growth even after a times 12 increase. To put that into perspective currently the 45nd coin in the top 100 coins has a\nMarket Cap of over £1bn.\nSo my view is that while you could make 3 times your money investing in Bitcoin the upside potential beyond there is surely very limited, especially as Bitc...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['New York, NY --News Direct-- Teamatix Crash gambling is a game that involves a graph and changing betting odds, but it is very simple to play. The line on the graph represents how the odds will change over time. Once the game starts it can crash at any point. So you need to cash out before that happens or the wager will be lost. For example, if the odds have changed to 2x as indicated on the graph and you wagered $50, then you can cash out $100 as a reward. In this informative guide, you will learn about the different types of crash game and what casinos allow you to try them out. Also, read to the end to learn about the answers to frequently asked questions. Best Crash Gambling Sites – Top 5 Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games In this section, we cover a few casinos where you can start playing crash. They are a great starting points for players that don’t know where to find those offerings: Stake.us - Best Crash Gambling Site Overall Customers are satisfied with this gambling website and it accepts players from many countries. Also, the live chat help functionality is a great resource for those who are stuck. This website was established in 2018 and you can also deposit in cryptocurrencies if you wish to play crash. BC.game - The BestWelcome Bonus They offer some of the top software developers in the gambling industry. Also, the 256-bit encryption ensures that your private information is kept safe while playing. Bitcoin and Ethereum are offered when playing the crash game. BC.game was founded in 2014 and the gaming licence is by Curacao. Winz.io - Biggest Library of Crash Betting Games (+47) This is not a licensed casino and their customer support is lacking. However, they provide crypto deposits and withdrawals, which is not possible at many casinos worldwide. They offer a range of gaming options, which include baccarat, blackjack, keno and crash. Also, Winz.io has a nice user interface that allows players to find the games they are looking for quickly. The registration process is also quick, which means you can start gaming within a few minutes. Story continues Cbet.gg - You Should Play JetX Here This website was established in 2018 and they have a licence from the Curacao eGaming Authority . There is mobile support and the cash-out period takes only 1 hour. The payment processors include Bitcoin, Sitcpay, U-Net, EOS and Tether. Also, there is a 100% deposit bonus offer that can be used when sending Bitcoin to the cashier. There is a lot to like about the reputation and choice of games at this digital casino. 7Bit Casino - The Original Crash Games This casino provides bitcoins are the deposit method, which is great for gamblers that want to use cryptocurrencies for wagering. However, it’s the only method of deposit and this can be limiting for some customers. You can download the mobile app to enjoy crash game on your smartphone. The low house edge of the casino means that you get a better deal here than many alternatives. Also, the user interface is easy to use, which is great for new players. Ethercrash You can create an account at this casino and deposit using Ethereum, Litecoin or Bitcoin. However, the only payout option is Ethereum. Make sure that this is not a deal-breaker before registering for an account. Players from the United States are accepted and the minimum amount that you need to deposit is $0.01. Moon3d Players from the United States are not accepted here and you can only withdraw with Ethereum. However, you can deposit using Litecoin, Bitcoin and Ethereum. This casino was as launched in 2019 and it provides the crash betting game. The action works by providing a racket with fuel by depositing Ether, which then causes it to go up and increase the return on investment. Cash out before the rocket crashes to win money. Top 3 Csgo Crash Betting Sties Now it is time to take a look at the top 3 CSGO crash betting websites where you can try the action out for yourself. These are popular options that have been tested and have a good reputation among the player base. CSGOLuck : this is one of the more popular options in this space. They have a commitment to delivering goods odds and frequent bonuses that incentivize players to continue gaming. There is a live-chat box feature to get help and an active community. Also, the free-sign up bonus ensures that new players can enjoy the quality of the experience with extra rewards. Duelbits: this CSGO crash betting website was founded in 2016 and that continued to increase the player base over the years. The streamlined easy registration process allows players to start gambling within minutes. Also, there is a free sign-up bonus offer that provides new players with a reason to join today. One of the benefits of gaming at Gamdom is the large choice of deposit and withdrawal methods. However, no live chat is offered to get help when it’s needed. CSGORoll: this website first opened in 206 but was forced to close for a period because of Steam’s CSGO skins policy. Back in 2020 it reopened and is not flourishing with players and bonuses. In fact, new players receive a good bonus offer that makes the quick registration process worthwhile. Furthermore, you will get free daily bonuses, which means that coming back to gamble on a daily basis is a good deal. Crash Gambling – What Are the Rules This game is loosely based on the concept of trading and caters to players that enjoy that kind of thing. The action involves a graph with a line that constantly goes up. While this occurs the odds for withdrawing go up and you can cash out at any point. However, eventually the game will crash and players that have not cashed out before this happens will lose the wager. Therefore, it is a risk and reward gameplay mechanic. To win money players need to be patient and wait for the odds to increase so the winnings are higher. However, if they get too greedy, then the entire wager will be lost due to the game crashing. At the time of writing, crash is not one of the easiest gaming options to find online because the top software providers have not developed it. For example, you will not find it available from industry-leading software companies like Microgaming and NetEnt. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games What Are the Game Odds The game odds are usually set on the casino or website where you are playing. Therefore, they can be different and you need to adjust your strategy. Ideally, you will find a website that offers the best gambling odds by reducing the house edge. Keep in mind that many crash games have a mechanic of around 1% chance to instantly crash when the game starts. This means that no matter what you do, there is no chance of winning money for that round. Note that the odds on the betting line start small and increase rapidly over time. You will start at 1x and potentially end up at 10x, which means that you can cash out for 10 times the wager amount. What Are Crash Game Payouts Like This section covers topics that relate to the payouts and multipliers within the game. Note that these are just a rule of thumb. The actual details of the action will be different for each caisno where you are playing. Therefore, make sure to read the terms and conditions to ensure you have the relevant information. Game rules: the game starts when you wager an amount of money. The amount that you can bet will be based on where you are playing. There might be a minimum and a maximum amount that you can wager. Once you have placed a bet the action starts and the point on the betting line goes up. This increases the odds and the game ends when you cash out or the game crashes, and you lose the entire wager. The multiplier: these are the chances of cash out odds as the game changes. So the action starts at 1x and it may increase to a 2x multiplier incrementally or it will jump there in one go. Each casino creates different multipliers so you will need to play to figure out what you will face. Note that the idea is to get the highest multiplier to win the most cash possible. The minimum and the maximum crash point: this is the range of multipliers where the game can crash. The house edge typically works by creating a crash point immediately after the game starts. The maximum crash point is the higher possible multiplier for the game. You can risk your wager by waiting for the betting line to reach this number, but there is a high chance of the game going bust before that happens. The minimum cash out: this refers to the smallest multiplier that you can hit to get your wager back and winnings. Most games provide a minimum cash out point that is around 2x, which means you will get double your wager. However, this is not set in stone and will be different at each casino. You could use a strategy where you always try to hit the minimum cash out to keep the risk low. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Crash Betting Games Based on Currency This section shares the various currencies that can be used when enjoying this game. You will see that the game can be played in a variety of ways to suit your needs. Being aware of the options allows you to get the most out of the experience. CS:GO Crash Gambling Skins: one of the best ways to show off in CSGO is by sharing a rare skin. These are essentially cosmetics that change the look of your character. The rarity of skins varies from common all the way to rare. You can win skins from the crash game and the rarity of the skin increases as you increase the risks by waiting for the betting line to increase. Cases: the cases in CSGO have a weapon inside them that are locked. Opening a case provides a new weapon, that also have different rarities. They are usually dropped in game as a random item or you can win them from mission rewards. However, they are also used as the payout option in crash gambling. This means you can win cool new weapons using this method, which might be faster than grinding for them in-game. Loot boxes: as the name suggests, these items are boxes that when opened provide some loot. The item that is received is random and the chance of getting something rare is low. The odds that you have for getting each item in a loot pool are shared online since this is required by law for transparency reasons. You can win loot boxes by playing crash and the number of loot boxes that you receive increases with the multiplier. Crypto Crash Gambling Bitcoin (BTC) and Litecoin (LTC): these are arguably 2 of the most popular cryptocurrencies on the planet. Many casinos where crash bitcoin game is available provide cryptocurrency as a means of gambling. It’s a good option because you can deposit funds anonymously and withdraw them the same way. However, the price of these cryptocurrencies fluctuates daily so you need to be aware of this when figuring out your gambling strategy. Ethereum (ETH): this cryptocurrency take around 7.5 days to mine and you can use it to gamble on crash. For example, one casino allows you to fuel a rocket with Ether, which makes it increase on the betting line. However, at any moment it can crash and that will result in a loss of all the Ether that was used to fuel the rocket. EOS/USDT: this refers to cryptocurrencies on the Binance blockchain. They can also be used to wager on crash gambling, which provides holders of these coins to get involved. However, this is not as widely available as Bitcoin and Ethereum. Therefore, you need to check with the casino where you are applying to ensure that it is an option open to players. Coin Crash Gambling Canada You can also gamble with FIAT money using popular currencies like Euros, USD and British Pound Sterling . These currencies are available at many casinos where you can use to deposit and withdraw with several methods. However, keep in mind that some casinos only support crypto-based currencies. This means that currencies like USD or EUR cannot be used for depositing to the cashier and betting. This might be because the financial infrastructure for supporting crypto and FIAT currencies are different. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games What Crash Gambling Game Should You Choose With so many varieties of the game you need to decide on what version to play. First, choose a currency that matches your available funds. For example, if you hold crypto then choose a coin that you have and are familiar with. On the other hand, if you are a fan of CSGO , then you can try out that version to win skins, cases and loot boxes. A good idea would be to try out the various options at each casino for yourself to see how they are different. Through trial and error you can find one version that you like the best ad provides the most fun. How to Start Playing at a Crash Casino To get started you will need to register for a new account. The number of details and steps taken to create a new account will differ based on where you are playing. Here is a summary of what you need to know: Email registration: you can create a new account using only your email address. This is fast and requires you to visit the inbox to verify the account. Google account: you can click on the Google account button to sign up using the information in your Google user profile. This is fast and cuts down on the number of fields required to enter. Steam account: you can register using your Steam details and it is a good choice if you are playing for CSGO skins. Making a first deposit: first you need to discover the available currencies of the casino where you are playing. Then head over to the cashier and deposit using the instructions. The Process of Playing Crash Here is an overview of how to play crash: Setting a “base bet”: this is the regular amount that you would like to wager for each round. Choosing a strategy: select a strategy that you feel provides the best chance of winning. We provide a few options further on in this guide. Auto bet settings: play around with the autobet setting so you can automate the betting process to increase the speed of play. Can You Play Free Cash Games for Fun At some casinos, you can use play money to try out the crash gaming action free of charge. This means that there is no financial risk to enjoying the gameplay. However, you also cannot win any real money, which might not provide the adrenaline rush of gambling. Dealing With Disconnections Disconnections are a problem based on the quality of your internet connection. However, many casinos are aware of this and implement security measures to protect your funds. They are different for every casino so you will need to read the rules where you are playing. You may find that once you have reconnected the game was paused and you can reconnect at any time. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Strategies to Try in Crash Gambling It is a good idea to consider different strategies and here are the popular ones: Automatic cashout: you can use a function to trigger an automatic cashout when a specific multiplier is hit. This is a great way to ensure that you keep control of the action and don’t increase the risk too much. The Martingale strategy: this tactic involves increasing the size of bets when you lose in the hopes that you recoup your initial investment. However, it can get risky when the betting size becomes very big. The Fibonacci strategy: this strategy involves a specific sequence that takes place over 10 rounds. The strategy involves creating odds that roughly have a 50/50 chance of winning. Over the 10 rounds the betting sizes are 1, 1, 2, 3, 5, 2, 3, 5, 2 and 3. The Anti-Martingale strategy: this strategy involves you doubling bets that win and reducing bets after losses. Promotions and Vip Programs Many crash gambling casinos provide bonuses for new players. This means that there is an incentive to join new casino to take advantage of these offers. You will need to consider the bonus code when registering for a new account and making a deposit. Also, daily bonuses might be offered to keep you coming back in the hopes of extra rewards. Also, look for casinos where you can enjoy a VIP program. These usually deliver loyalty points that can be redeemed for cash to use for betting. It provides players with extra reasons to play at one casino. Amount Limits and Time When playing a game of crash there might be an upper limit in terms of what multipliers can be triggered. This means there is a maximum amount that you can win. When this upper limit is reached, then the cashout will be automatic. Also, the amount of time that you can play each round depends on when the game crashes. This might be shortly after starting or when you cash out. The decision is up to you regarding how much time you want to risk. Playing the Roobet Crash Game In this section, we outline the process of how to play the Roobet version: Get a secure VPN: you may need a VPN to start playing the game. This allows you to change the connection to a different country so that you can get around the restrictions list. Sign up for Roobet: start by completing the sign up process, which takes just a few minutes. You can choose from sign-up options such as email and you will need to verify the email by clicking on the link in the inbox. Use Roobet promo codes: when making a deposit, you need to take advantage of the Roobet promotional codes. These will give you access to bonuses and extra rewards. Turstdice or Roobet Crash Money Game – Which is Better Trustdice allows you to win TXT tokens when you play, which can be traded for real money or you can use them to wager in games and win real money. The rate at which you can win these coins and redeem them changes, so you will need to check the website for more details. Roobet offers a VIP personal account manager to add a nice touch to their program. Also, exclusive bonuses and VIP events are hosted, which means they offer one of the best programs in the industry for gamblers to enjoy. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Top Bitcoin Crash Gambling Game to Play The games vary based on the casino where you are playing. The top casino where you can play the crash gambling game includes Crashino, 7BitCasino, Winz.IO, Bitcasino.IO, Mbit Casino, Rocketpot.IO and Parmiatch. You will enjoy the action at each of these casinos because of the amazing bonus offers and quality of the user interface. Is Crash Gaming Safe With Cryptos Such as Bitcoin Generally speaking, it is safe to use Bitcoin and other cryptocurrencies when playing crash. You will need to check what gaming licenses a casino has to ensure it is legit. Also, look at the reputation of the website on review portals like TrustPilot. This can help you understand if you are playing at a location that is trusted by the player base. Bitcoin Crash and Csgo Crash Gambling – Which is Better Let’s take a look at the difference between these 2 forms of crash so you can decide the better choice: Winning potential of Bitcoin: you can win a lot more money with Bitcoin than you can with CSGO. Therefore, if you want to make serious money, then Bitcoin is the clear winner. Popularity of CSGO: the nudge player base of CSGO means that its crash game is a lot more popular. Therefore, you will find the websites to be more reputable and tested. Bitcoin crash bonuses: the quality of the bonuses of Bitcoin games are much better. That is because casinos make more money from Bitcoin games and they can reward players with bigger bonuses as a result. CSGO crash codes: there are many crash codes that you can take advantage when playing the CSGO version. This means you can get extra rewards by taking advantage of these codes. Tips and Tricks When Playing Crash Gambling The first tip is to look for a casino that offers a low house edge. It means the chances of winning money over the long-term are increased. Also, pick a strategy and stick with it for an extended period of time. This allows you to understand if it works or doesn’t instead of making random bets. Consider playing a demo version to try out the mechanics and strategies. This enables you to figure out what you need to watch out for when playing with real money. Finally, take advantage of bonuses and promotions to get more rewards while playing. Where Can You View Top Crash Streamers Here are the top 2 places where you should visit to check out the most popular streamers playing the game live: YouTube gaming: you can search for streamers on one of the most popular video sharing websites. You will find streams that provide good connection speeds and the ability to interact via live chat. The number of streams is growing there every day. Also, you can view video clips of their streams on YouTube if you missed the live action. Twitch: this platform is primarily aimed at video game streamers, but crash is another game that is rising in popularity. This is especially true of CSGO crash since it is part of the popular FPS game. Final Thoughts Overall, crash gambling is a good experience if you use one of the top casinos mentioned at the start of this guide. Also, there are many strategies and tips to consider before you start gambling. The choice of different currencies is one of the highlights, which means you can gamble in crypto and that is not possible at many regular casinos. Finally, the list of new player bonuses and VIP programs is impressive. Take advantage of the promotions to increase your odds of winning. After all, the more you win the more you can continue to play. FAQ Are there differences between crash and Aviator games? Aviator games are a type of crash game so there is no difference between them. They have the same rules and gameplay mechanics for you to learn. Is Bitcoin the only currency for crash gaming? Bitcoin is one of the most popular currencies when enjoying crash, but it is not the only one. You can also use Fiat currency and other crypto coins such as Litecoin and Ether. The available currencies depend on where you are playing. Does crash gaming have a bonus? Many casinos that provide this game also offer new players bonuses and other promotions. These can be used when wagering on crash to get extra rewards. Is a download required to enjoy crash gambling? When you are playing with a browser, there is no need to download software to enjoy the action. However, if you are trying to play from a mobile phone, then an app download is required to start gambling. Is crash gaming possible for beginners? Overall, the rules and mechanics of the action are easy to understand so even beginners can start playing. However, at the start, you may want to practice by using a demo version. Contact Details TEAMATIXX Sally Norsk +1 754-610-6427 [email protected] View source version on newsdirect.com: https://newsdirect.com/news/best-crash-gambling-sites-for-real-money-2023-crash-crypto-bitcoin-game-202078799', 'New York, NY --News Direct-- Teamatix Crash gambling is a game that involves a graph and changing betting odds, but it is very simple to play. The line on the graph represents how the odds will change over time. Once the game starts it can crash at any point. So you need to cash out before that happens or the wager will be lost. For example, if the odds have changed to 2x as indicated on the graph and you wagered $50, then you can cash out $100 as a reward. In this informative guide, you will learn about the different types of crash game and what casinos allow you to try them out. Also, read to the end to learn about the answers to frequently asked questions. Best Crash Gambling Sites – Top 5 Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games In this section, we cover a few casinos where you can start playing crash. They are a great starting points for players that don’t know where to find those offerings: Stake.us - Best Crash Gambling Site Overall Customers are satisfied with this gambling website and it accepts players from many countries. Also, the live chat help functionality is a great resource for those who are stuck. This website was established in 2018 and you can also deposit in cryptocurrencies if you wish to play crash. BC.game - The BestWelcome Bonus They offer some of the top software developers in the gambling industry. Also, the 256-bit encryption ensures that your private information is kept safe while playing. Bitcoin and Ethereum are offered when playing the crash game. BC.game was founded in 2014 and the gaming licence is by Curacao. Winz.io - Biggest Library of Crash Betting Games (+47) This is not a licensed casino and their customer support is lacking. However, they provide crypto deposits and withdrawals, which is not possible at many casinos worldwide. They offer a range of gaming options, which include baccarat, blackjack, keno and crash. Also, Winz.io has a nice user interface that allows players to find the games they are looking for quickly. The registration process is also quick, which means you can start gaming within a few minutes. Story continues Cbet.gg - You Should Play JetX Here This website was established in 2018 and they have a licence from the Curacao eGaming Authority . There is mobile support and the cash-out period takes only 1 hour. The payment processors include Bitcoin, Sitcpay, U-Net, EOS and Tether. Also, there is a 100% deposit bonus offer that can be used when sending Bitcoin to the cashier. There is a lot to like about the reputation and choice of games at this digital casino. 7Bit Casino - The Original Crash Games This casino provides bitcoins are the deposit method, which is great for gamblers that want to use cryptocurrencies for wagering. However, it’s the only method of deposit and this can be limiting for some customers. You can download the mobile app to enjoy crash game on your smartphone. The low house edge of the casino means that you get a better deal here than many alternatives. Also, the user interface is easy to use, which is great for new players. Ethercrash You can create an account at this casino and deposit using Ethereum, Litecoin or Bitcoin. However, the only payout option is Ethereum. Make sure that this is not a deal-breaker before registering for an account. Players from the United States are accepted and the minimum amount that you need to deposit is $0.01. Moon3d Players from the United States are not accepted here and you can only withdraw with Ethereum. However, you can deposit using Litecoin, Bitcoin and Ethereum. This casino was as launched in 2019 and it provides the crash betting game. The action works by providing a racket with fuel by depositing Ether, which then causes it to go up and increase the return on investment. Cash out before the rocket crashes to win money. Top 3 Csgo Crash Betting Sties Now it is time to take a look at the top 3 CSGO crash betting websites where you can try the action out for yourself. These are popular options that have been tested and have a good reputation among the player base. CSGOLuck : this is one of the more popular options in this space. They have a commitment to delivering goods odds and frequent bonuses that incentivize players to continue gaming. There is a live-chat box feature to get help and an active community. Also, the free-sign up bonus ensures that new players can enjoy the quality of the experience with extra rewards. Duelbits: this CSGO crash betting website was founded in 2016 and that continued to increase the player base over the years. The streamlined easy registration process allows players to start gambling within minutes. Also, there is a free sign-up bonus offer that provides new players with a reason to join today. One of the benefits of gaming at Gamdom is the large choice of deposit and withdrawal methods. However, no live chat is offered to get help when it’s needed. CSGORoll: this website first opened in 206 but was forced to close for a period because of Steam’s CSGO skins policy. Back in 2020 it reopened and is not flourishing with players and bonuses. In fact, new players receive a good bonus offer that makes the quick registration process worthwhile. Furthermore, you will get free daily bonuses, which means that coming back to gamble on a daily basis is a good deal. Crash Gambling – What Are the Rules This game is loosely based on the concept of trading and caters to players that enjoy that kind of thing. The action involves a graph with a line that constantly goes up. While this occurs the odds for withdrawing go up and you can cash out at any point. However, eventually the game will crash and players that have not cashed out before this happens will lose the wager. Therefore, it is a risk and reward gameplay mechanic. To win money players need to be patient and wait for the odds to increase so the winnings are higher. However, if they get too greedy, then the entire wager will be lost due to the game crashing. At the time of writing, crash is not one of the easiest gaming options to find online because the top software providers have not developed it. For example, you will not find it available from industry-leading software companies like Microgaming and NetEnt. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games What Are the Game Odds The game odds are usually set on the casino or website where you are playing. Therefore, they can be different and you need to adjust your strategy. Ideally, you will find a website that offers the best gambling odds by reducing the house edge. Keep in mind that many crash games have a mechanic of around 1% chance to instantly crash when the game starts. This means that no matter what you do, there is no chance of winning money for that round. Note that the odds on the betting line start small and increase rapidly over time. You will start at 1x and potentially end up at 10x, which means that you can cash out for 10 times the wager amount. What Are Crash Game Payouts Like This section covers topics that relate to the payouts and multipliers within the game. Note that these are just a rule of thumb. The actual details of the action will be different for each caisno where you are playing. Therefore, make sure to read the terms and conditions to ensure you have the relevant information. Game rules: the game starts when you wager an amount of money. The amount that you can bet will be based on where you are playing. There might be a minimum and a maximum amount that you can wager. Once you have placed a bet the action starts and the point on the betting line goes up. This increases the odds and the game ends when you cash out or the game crashes, and you lose the entire wager. The multiplier: these are the chances of cash out odds as the game changes. So the action starts at 1x and it may increase to a 2x multiplier incrementally or it will jump there in one go. Each casino creates different multipliers so you will need to play to figure out what you will face. Note that the idea is to get the highest multiplier to win the most cash possible. The minimum and the maximum crash point: this is the range of multipliers where the game can crash. The house edge typically works by creating a crash point immediately after the game starts. The maximum crash point is the higher possible multiplier for the game. You can risk your wager by waiting for the betting line to reach this number, but there is a high chance of the game going bust before that happens. The minimum cash out: this refers to the smallest multiplier that you can hit to get your wager back and winnings. Most games provide a minimum cash out point that is around 2x, which means you will get double your wager. However, this is not set in stone and will be different at each casino. You could use a strategy where you always try to hit the minimum cash out to keep the risk low. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Crash Betting Games Based on Currency This section shares the various currencies that can be used when enjoying this game. You will see that the game can be played in a variety of ways to suit your needs. Being aware of the options allows you to get the most out of the experience. CS:GO Crash Gambling Skins: one of the best ways to show off in CSGO is by sharing a rare skin. These are essentially cosmetics that change the look of your character. The rarity of skins varies from common all the way to rare. You can win skins from the crash game and the rarity of the skin increases as you increase the risks by waiting for the betting line to increase. Cases: the cases in CSGO have a weapon inside them that are locked. Opening a case provides a new weapon, that also have different rarities. They are usually dropped in game as a random item or you can win them from mission rewards. However, they are also used as the payout option in crash gambling. This means you can win cool new weapons using this method, which might be faster than grinding for them in-game. Loot boxes: as the name suggests, these items are boxes that when opened provide some loot. The item that is received is random and the chance of getting something rare is low. The odds that you have for getting each item in a loot pool are shared online since this is required by law for transparency reasons. You can win loot boxes by playing crash and the number of loot boxes that you receive increases with the multiplier. Crypto Crash Gambling Bitcoin (BTC) and Litecoin (LTC): these are arguably 2 of the most popular cryptocurrencies on the planet. Many casinos where crash bitcoin game is available provide cryptocurrency as a means of gambling. It’s a good option because you can deposit funds anonymously and withdraw them the same way. However, the price of these cryptocurrencies fluctuates daily so you need to be aware of this when figuring out your gambling strategy. Ethereum (ETH): this cryptocurrency take around 7.5 days to mine and you can use it to gamble on crash. For example, one casino allows you to fuel a rocket with Ether, which makes it increase on the betting line. However, at any moment it can crash and that will result in a loss of all the Ether that was used to fuel the rocket. EOS/USDT: this refers to cryptocurrencies on the Binance blockchain. They can also be used to wager on crash gambling, which provides holders of these coins to get involved. However, this is not as widely available as Bitcoin and Ethereum. Therefore, you need to check with the casino where you are applying to ensure that it is an option open to players. Coin Crash Gambling Canada You can also gamble with FIAT money using popular currencies like Euros, USD and British Pound Sterling . These currencies are available at many casinos where you can use to deposit and withdraw with several methods. However, keep in mind that some casinos only support crypto-based currencies. This means that currencies like USD or EUR cannot be used for depositing to the cashier and betting. This might be because the financial infrastructure for supporting crypto and FIAT currencies are different. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games What Crash Gambling Game Should You Choose With so many varieties of the game you need to decide on what version to play. First, choose a currency that matches your available funds. For example, if you hold crypto then choose a coin that you have and are familiar with. On the other hand, if you are a fan of CSGO , then you can try out that version to win skins, cases and loot boxes. A good idea would be to try out the various options at each casino for yourself to see how they are different. Through trial and error you can find one version that you like the best ad provides the most fun. How to Start Playing at a Crash Casino To get started you will need to register for a new account. The number of details and steps taken to create a new account will differ based on where you are playing. Here is a summary of what you need to know: Email registration: you can create a new account using only your email address. This is fast and requires you to visit the inbox to verify the account. Google account: you can click on the Google account button to sign up using the information in your Google user profile. This is fast and cuts down on the number of fields required to enter. Steam account: you can register using your Steam details and it is a good choice if you are playing for CSGO skins. Making a first deposit: first you need to discover the available currencies of the casino where you are playing. Then head over to the cashier and deposit using the instructions. The Process of Playing Crash Here is an overview of how to play crash: Setting a “base bet”: this is the regular amount that you would like to wager for each round. Choosing a strategy: select a strategy that you feel provides the best chance of winning. We provide a few options further on in this guide. Auto bet settings: play around with the autobet setting so you can automate the betting process to increase the speed of play. Can You Play Free Cash Games for Fun At some casinos, you can use play money to try out the crash gaming action free of charge. This means that there is no financial risk to enjoying the gameplay. However, you also cannot win any real money, which might not provide the adrenaline rush of gambling. Dealing With Disconnections Disconnections are a problem based on the quality of your internet connection. However, many casinos are aware of this and implement security measures to protect your funds. They are different for every casino so you will need to read the rules where you are playing. You may find that once you have reconnected the game was paused and you can reconnect at any time. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Strategies to Try in Crash Gambling It is a good idea to consider different strategies and here are the popular ones: Automatic cashout: you can use a function to trigger an automatic cashout when a specific multiplier is hit. This is a great way to ensure that you keep control of the action and don’t increase the risk too much. The Martingale strategy: this tactic involves increasing the size of bets when you lose in the hopes that you recoup your initial investment. However, it can get risky when the betting size becomes very big. The Fibonacci strategy: this strategy involves a specific sequence that takes place over 10 rounds. The strategy involves creating odds that roughly have a 50/50 chance of winning. Over the 10 rounds the betting sizes are 1, 1, 2, 3, 5, 2, 3, 5, 2 and 3. The Anti-Martingale strategy: this strategy involves you doubling bets that win and reducing bets after losses. Promotions and Vip Programs Many crash gambling casinos provide bonuses for new players. This means that there is an incentive to join new casino to take advantage of these offers. You will need to consider the bonus code when registering for a new account and making a deposit. Also, daily bonuses might be offered to keep you coming back in the hopes of extra rewards. Also, look for casinos where you can enjoy a VIP program. These usually deliver loyalty points that can be redeemed for cash to use for betting. It provides players with extra reasons to play at one casino. Amount Limits and Time When playing a game of crash there might be an upper limit in terms of what multipliers can be triggered. This means there is a maximum amount that you can win. When this upper limit is reached, then the cashout will be automatic. Also, the amount of time that you can play each round depends on when the game crashes. This might be shortly after starting or when you cash out. The decision is up to you regarding how much time you want to risk. Playing the Roobet Crash Game In this section, we outline the process of how to play the Roobet version: Get a secure VPN: you may need a VPN to start playing the game. This allows you to change the connection to a different country so that you can get around the restrictions list. Sign up for Roobet: start by completing the sign up process, which takes just a few minutes. You can choose from sign-up options such as email and you will need to verify the email by clicking on the link in the inbox. Use Roobet promo codes: when making a deposit, you need to take advantage of the Roobet promotional codes. These will give you access to bonuses and extra rewards. Turstdice or Roobet Crash Money Game – Which is Better Trustdice allows you to win TXT tokens when you play, which can be traded for real money or you can use them to wager in games and win real money. The rate at which you can win these coins and redeem them changes, so you will need to check the website for more details. Roobet offers a VIP personal account manager to add a nice touch to their program. Also, exclusive bonuses and VIP events are hosted, which means they offer one of the best programs in the industry for gamblers to enjoy. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Top Bitcoin Crash Gambling Game to Play The games vary based on the casino where you are playing. The top casino where you can play the crash gambling game includes Crashino, 7BitCasino, Winz.IO, Bitcasino.IO, Mbit Casino, Rocketpot.IO and Parmiatch. You will enjoy the action at each of these casinos because of the amazing bonus offers and quality of the user interface. Is Crash Gaming Safe With Cryptos Such as Bitcoin Generally speaking, it is safe to use Bitcoin and other cryptocurrencies when playing crash. You will need to check what gaming licenses a casino has to ensure it is legit. Also, look at the reputation of the website on review portals like TrustPilot. This can help you understand if you are playing at a location that is trusted by the player base. Bitcoin Crash and Csgo Crash Gambling – Which is Better Let’s take a look at the difference between these 2 forms of crash so you can decide the better choice: Winning potential of Bitcoin: you can win a lot more money with Bitcoin than you can with CSGO. Therefore, if you want to make serious money, then Bitcoin is the clear winner. Popularity of CSGO: the nudge player base of CSGO means that its crash game is a lot more popular. Therefore, you will find the websites to be more reputable and tested. Bitcoin crash bonuses: the quality of the bonuses of Bitcoin games are much better. That is because casinos make more money from Bitcoin games and they can reward players with bigger bonuses as a result. CSGO crash codes: there are many crash codes that you can take advantage when playing the CSGO version. This means you can get extra rewards by taking advantage of these codes. Tips and Tricks When Playing Crash Gambling The first tip is to look for a casino that offers a low house edge. It means the chances of winning money over the long-term are increased. Also, pick a strategy and stick with it for an extended period of time. This allows you to understand if it works or doesn’t instead of making random bets. Consider playing a demo version to try out the mechanics and strategies. This enables you to figure out what you need to watch out for when playing with real money. Finally, take advantage of bonuses and promotions to get more rewards while playing. Where Can You View Top Crash Streamers Here are the top 2 places where you should visit to check out the most popular streamers playing the game live: YouTube gaming: you can search for streamers on one of the most popular video sharing websites. You will find streams that provide good connection speeds and the ability to interact via live chat. The number of streams is growing there every day. Also, you can view video clips of their streams on YouTube if you missed the live action. Twitch: this platform is primarily aimed at video game streamers, but crash is another game that is rising in popularity. This is especially true of CSGO crash since it is part of the popular FPS game. Final Thoughts Overall, crash gambling is a good experience if you use one of the top casinos mentioned at the start of this guide. Also, there are many strategies and tips to consider before you start gambling. The choice of different currencies is one of the highlights, which means you can gamble in crypto and that is not possible at many regular casinos. Finally, the list of new player bonuses and VIP programs is impressive. Take advantage of the promotions to increase your odds of winning. After all, the more you win the more you can continue to play. FAQ Are there differences between crash and Aviator games? Aviator games are a type of crash game so there is no difference between them. They have the same rules and gameplay mechanics for you to learn. Is Bitcoin the only currency for crash gaming? Bitcoin is one of the most popular currencies when enjoying crash, but it is not the only one. You can also use Fiat currency and other crypto coins such as Litecoin and Ether. The available currencies depend on where you are playing. Does crash gaming have a bonus? Many casinos that provide this game also offer new players bonuses and other promotions. These can be used when wagering on crash to get extra rewards. Is a download required to enjoy crash gambling? When you are playing with a browser, there is no need to download software to enjoy the action. However, if you are trying to play from a mobile phone, then an app download is required to start gambling. Is crash gaming possible for beginners? Overall, the rules and mechanics of the action are easy to understand so even beginners can start playing. However, at the start, you may want to practice by using a demo version. Contact Details TEAMATIXX Sally Norsk +1 754-610-6427 [email protected] View source version on newsdirect.com: https://newsdirect.com/news/best-crash-gambling-sites-for-real-money-2023-crash-crypto-bitcoin-game-202078799', 'New York, NY --News Direct-- Teamatix Crash gambling is a game that involves a graph and changing betting odds, but it is very simple to play. The line on the graph represents how the odds will change over time. Once the game starts it can crash at any point. So you need to cash out before that happens or the wager will be lost. For example, if the odds have changed to 2x as indicated on the graph and you wagered $50, then you can cash out $100 as a reward. In this informative guide, you will learn about the different types of crash game and what casinos allow you to try them out. Also, read to the end to learn about the answers to frequently asked questions. Best Crash Gambling Sites – Top 5 Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games In this section, we cover a few casinos where you can start playing crash. They are a great starting points for players that don’t know where to find those offerings: Stake.us - Best Crash Gambling Site Overall Customers are satisfied with this gambling website and it accepts players from many countries. Also, the live chat help functionality is a great resource for those who are stuck. This website was established in 2018 and you can also deposit in cryptocurrencies if you wish to play crash. BC.game - The BestWelcome Bonus They offer some of the top software developers in the gambling industry. Also, the 256-bit encryption ensures that your private information is kept safe while playing. Bitcoin and Ethereum are offered when playing the crash game. BC.game was founded in 2014 and the gaming licence is by Curacao. Winz.io - Biggest Library of Crash Betting Games (+47) This is not a licensed casino and their customer support is lacking. However, they provide crypto deposits and withdrawals, which is not possible at many casinos worldwide. They offer a range of gaming options, which include baccarat, blackjack, keno and crash. Also, Winz.io has a nice user interface that allows players to find the games they are looking for quickly. The registration process is also quick, which means you can start gaming within a few minutes. Story continues Cbet.gg - You Should Play Jet
**Last 60 Days of Bitcoin's Closing Prices:**
[16848.13, 17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-05
**Financial & Commodity Data:**
- Gold Closing Price: $1862.90
- Crude Oil Closing Price: $73.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,226,939,562
- Hash Rate: 297334185.95846194
- Transaction Count: 254113.0
- Unique Addresses: 594717.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ethereum inched up in Monday afternoon trading in Asia. Most other non-stablecoin top 10 cryptocurrencies by market capitalization were little changed, with Dogecoin leading declines. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts Bitcoin gained 0.14% in the last 24 hours to trade at US$16,857 at 4 p.m. Hong Kong time on Monday, while Ether gained 0.15% to US$1,220, according to CoinMarketCap data . Dogecoin was the biggest loser in the top 10 cryptos, falling 1.87% to trade at US$0.07563 in the past 24 hours. Major Dogecoin advocate Elon Musk may soon step down from the top job at social media platform Twitter. Binance’s BNB token traded at US$243.32, a drop of 0.72% over the past 24 hours. Binance, the world’s largest cryptocurrency exchange, has been accused of deliberately causing the collapse of Bahamas-based FTX.com that was once the second-largest exchange. Binance may also be probed by the U.S. Justice Department over money laundering violations. XRP inched up 0.64% to trade at US$0.3512, after dropping 1.64% in Monday morning trade in Asia. Equity markets in the U.S. and Hong Kong were closed on Monday for Christmas. U.S. equity markets rose on Friday after posting a loss for the week over fears of an emerging recession. On Friday, the Nasdaq composite closed 0.2% higher, the S&P 500 was up 0.6% and the Dow Jones Industrial Average gained 0.5%. The U.S. central bank raised interest rates by half a percentage point this month after the consumer price index, a key inflation indicator, rose 7.1% in November from a year earlier. U.S. Federal Reserve Chair Jerome Powell has said there will be more interest rate hikes next year even as the economy moves towards a potential recession. See related article: The last 12 months the year to forget, says India’s WazirX crypto exchange...
- Reddit Posts (Sample): [['u/[deleted]', 'Should you buy a new computer when plugging in your Trezor?', 12, '2023-02-05 00:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/', "I've had the same computer for a few years; I have no idea what kind of spyware is on here. I'll be putting my bitcoin onto cold storage/a Trezor and I'm wondering if I should buy a new computer to do it, since from my understanding, I will need to plug it into a USB port? Any thoughts/relevant comments would be greatly appreciated =) \n\nP.s. Trezor Model T", 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/', '10tudp7', [['u/bitusher', 10, '2023-02-05 00:19', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/j78skd1/', 'Part of the reason Hardware wallets exist is because they allow you to create private keys , restore them and sign transactions even in insecure environments. Your seed words are created in your trezor model T and never are shown in your computer \n\nThus buying a new computer is not needed. \n\nThe focus should be on these aspects :\n\nhttps://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/fouo3kh/', '10tudp7'], ['u/BTCMachineElf', 10, '2023-02-05 00:30', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/j78u2j3/', "If you're worried about malware, back up your files and reinstall your OS. Your PC will be like new. But as bitusher said, the whole point of a hardware wallet is to segregate and safeguard your private key from a potentially compromised PC, so it's not necessary here. \n\nThe worst that could happen is a clipboard malware that substitutes and address that you copy/paste with the hacker's. So check the first and last 6 digits of the addresses that you copy and paste. And be mindful of phishing attacks, where you get a link in an email or private message to a website that looks like your exchange, so when you enter your login/pass, they get it. In summary, check addresses you send to after you paste, and only use your bookmark to go to your exchange.", '10tudp7']]], ['u/HarvardHopeful2020', 'How much will HUT be when BTC is 200k, 500k, 1 Million?', 13, '2023-02-05 01:46', 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/', "How much will HUT be when BTC is 200k, 500k, 1 Million?\n\n2025-2026 BTC price is supposed to peak at 200k area. How high will HUT peak assuming it will have holdings of probably around 20k BTC by then? I am thinking 50 HUT at 150k BTC and 100 HUT at 200k BTC.\n\nHow about if BTC is 500k, I am thinking HUT 200+.\n\nAt BTC 1 million I see HUT at 300+ by 2030, although it's likely BTC peaks at 200-300k in 2025/2026.\n\nThoughts?\n\nI loaded positions at the December lows and again at the lows last summer. Will aim to add more in March and June.\n\nI see HUT at 40-50 when BTC breaks 100k around 2025-2026.\n\nUpdate: I am not comparing RIOT and MARA charts. I just think HUT's next cycle high will be 2x the previous, which is about 40. My average is around 2. \n\nRIOT did a 100X 0.8 to 80 last cycle bottom to top. I think HUT will outperform RIOT this time around because it fully retraced the 2021 pump and is not selling any Bitcoin.", 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/', '10tweua', [['u/IgloosRcold', 14, '2023-02-05 02:07', 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/j796bkn/', '20k Bitcoin * 200k per coin / 196 million shares puts hut at 20 dollars per share on just the value of Bitcoin holdings. 100 dollar hut is wishful thinking.', '10tweua']]], ['u/karlizak', 'Simple market cycle analysis. Where are we in the cycle?', 24, '2023-02-05 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/', '\nLet’s figure out where we are in the current cycle by using simple market cycle analysis.\n\nYou do not need fancy technical analysis skills to be a good swing trader but it does help.\nI’m going to keep this simple and discuss a way to analyze markets with nothing other than a standard market cycle chart and market sentiment. \n\nWe are going to work from top to bottom, as most people buy in at the top.\n\n(1) Euphoria Stage \n\nDo you remember when Bitcoin hit 68k USD and everybody thought we were for sure going to 100k? That was the euphoria stage. We followed that with a sustained dump followed by a slow and steady pump to the “double top” this was truly a bull trap. This specific scenario wrecked A LOT of people including experienced traders.\n\n\n(2) Complacency \n\nWe trended down a bit from the double top, and consolidated. This was the complacency phase. It will get better. It always does… right? Let’s just hold. \n\n(3) Anxiety\n\nPrices continued down and we entered the anxiety phase. This is where we really start to wonder if things will get better, or if we simply fucked up. At this point you should always trust your gut. It’s usually right.\n\n(4) Denial\n\nYou guessed it! Prices went even lower. This is the denial phase. We convince ourselves our investments will come back, even though we know they probably won’t anytime soon. ADA is a great project. This is just a healthy correction.\n\n(5) Panic\n\nThis brings us to the panic stage (capitulation) the big FTX crash. \nEverybody sells off, this causes bank runs. “Crypto is going to zero” Exchanges and miners fold.\n\n(6) Anger\n\nWe followed the FTX crash by entering the anger phase. We are PISSED OFF. Everyone hates Sam Bankman Fried. This is all his fault right? Public enemy number 1. Fuck SBF!\n\n(7) Depression\n\nWe forget about how mad we are at Sam and his beautiful girlfriend Caroline and enter the depression phase. We just give up. This were things get interesting and we actually have to analyze how market cycles work. This is the phase where you need to do the opposite of everything your body and brain is telling you to. It’s the hardest part of investing. \n\n-Crypto cycles-\n\nThis next part is very important. \n\n(1) Accumulation phase \n\nThe depression phase is where you gave up and sold. Crypto is done. The depression phase is also known as the “Accumulation phase” this is where the whales and “smart money” buy up all the coins you liquidated for the cheapest price they will ever be again. You effectively sold bottom. It’s only up hill from there. Oops! \n\n(2) Run up phase \n\nThe run up phase also known as “disbelief” is when the price starts rising and everybody thinks “this is just a bull trap” sound familiar? Thought so! This is where we are RIGHT NOW. The price continues to rise and everybody thinks buying at these levels is dumb because the bull trap will be huge! (Thanks Reddit for the good advice) \n\n(3) Hope! \n\nThe price continues up, quick at first and then slow and steady. We are entering this phase right now. We are somewhere between disbelief and hope.\n\nReddit is becoming bullish, hopium is rising, all is well in crypto. The people who thought we were in a bull trap start buying here. They were wrong about the bottom not being in. This is truly the bull run…. Or is it…. ?\nPrice goes even higher. We’re gonna be rich! \n\n(4) Bear trap. \n\nYour coins sell off. Prices decline rapidly at first, and then slow and steady for months. This is what most people call the bull trap, but it’s really a bear trap. You sell at the bottom and give up, the price sky rockets! This is the last time we see these levels. \n\n(5) Optimism \n\nFinally!! This is the real bull run. It’s up hill from here. Everybody becomes a genius investor and many become temporarily millionaires. \n\n(6) Belief\n\nYou truly believe this will last forever. You’ve made your first million. You’ll never lose it. Might as well make the whole family rich as well. Let’s tell everyone we know to invest. It’s easy. You give them your genius advice and they accept it once you show them all the money you made.\n\n(7) Thrill. \n\nThis is amazing. We’re all rich! Let’s go Doge coin!!!! $1.00 coming soon!! IM THE NEXT WARREN BUFFET OF CRYPTO. You tell Burger King to fuck off and quit your job. \n\n(8) Euphoria \n\nWe are now at all time highs. Doge is at $1.00 but it’s going to $10.00 for sure! Let’s go! Grandma! BUY DOGE! Elon is going to use it on Twitter it’s for sure going to $100. Market cap doesn’t really matter guys….little do you know. \n\nIt’s only down hill from here. Enter complacency phase this can only end one way. The depression phase. You type up your resume and do the walk of shame back into Burger King. \n\nThis is a complete market cycle summed up. \n\nI believe we are in the hope/disbelief stage. I have used other technical analysis to confirm these theories and that this run is almost identical to 2019 but I wanted to keep this post simple. \n\nThis is not financial advice and nobody knows what’s going to happen. We can use the market cycle chart analysis to make educated decisions that are better than simply guessing. \n\nWhere do you think we are in the cycle and why?', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/', '10twjh8', [['u/Professional-Time-50', 21, '2023-02-05 04:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/j79pc1p/', 'Its hard for me to believe we have already gone thorough the capitulation phase based on the positivity that was always present, volumes that never really slow down to nothing and the incredibly short period of side price movement. Coincidently enough perceived last leg of the bear market from 2018 happened also in Nov as did the bankruptcy and collapse of FTX in 2022. It took the market in 2018 over six months till Apr 2019 before it saw any real action again and that seem to me like reasonable time to go through all the stages mentally required for people to capitulate. This time around we had 6-8 weeks after FTX when market triggered a nice recovery which is just not enough time for the capitulation phase to take place. People\'s minds simply do not process things that fast.\n\nIf you want to go to even more comparison with previous cycle, after the April 2019 price rebound which took BTC to 4x its low in only 2 months, which you could compare to what ever we are experiencing right now, it then came back down to almost its previous lows again due to economic turmoil. The actual bull market did not start till March of 2020 so almost a year and a half after the last major price decline in Nov of 2018. I think we will see the exact replay of the same decline after few more weeks of price increases this time triggered by a great global recession, which will bring the BTC prices down to new lows for this cycle before, the Fed starts to cut aggressively again and that will trigger the actual new bull market when investors believe the worst of the recession is behind them. This will take at least a year and a bit which would point to new start of bull market somewhere in the spring of 2024. The real capitulation phase or another one since the first was so short will happen during the recession and the investor will give up on crypto not because they lost faith but because they will have a lot more to worry about in their lives and their day to day finances to worry about where to invest next.\n\nThe market crashed with the Fed hiking rates and people are hoping it will restart with rate hike slow down or a pause, but I think we still need a "real" capitulation phase and that will come with sever recession first and then a restart of another bull market with a return to monetary easing. Putting all the speculation a side, if Fed is the main market driving factor then no one knows if the very rapid rate hikes in 2022 were high enough to result in long term inflation decline and not just 6 month period at the end of 2022. If that is the case we could very well see more rate hikes and market decline as a result if the inflation comes back later this year. On the other hand if they hiked too fast and too much that will very soon result in a much harsher recession then Fed is hoping for resulting in a rate declines but not for the right reason we all hoped for, therefore also resulting in a market decline before any chance of bull market comeback. The only chance of things working out as the market is speculating at the moment would be a perfect case scenario which is very hard to come by in a real world. \n\nThe reason the timing is also off is because we are still over a year away from Bitcoin halving which usually correlates with start of a new bull market. SO I think we are going to see a very painful year ahead before we see a new bull market in stock and crypto space. You can obviously trade the ups and downs that will happen this year and make some great money, if you have the discipline to take the profits on the way up but most will just believe blindly in another bull market and hold through the new lower top, thinking new ATH are just a head, before the new decline happens in few months. The fact that they missed again another top and the chance of profits it offered not cashed in again, will be a big factor in the actual capitulation that is still coming.\n\nNext bull market in crypto will be even bigger, exceeding expectation of anyone today. IT will not only be triggered by Fed policy but also by regular people trying to escape the CBDC trap being pushed down their throat by the new monetary systems. Crypto will become the alternative method of exchange in an effort to escape the new proposed measures and restriction. I\'m not very confident it will succeed in that, but it will be spectacular never the less.', '10twjh8']]], ['u/RemyPLambert', '2022-2023 NBA Midseason Poll', 150, '2023-02-05 01:57', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/', 'Hi r/NBA! Last year I created [this post]( https://old.reddit.com/r/nba/comments/sshhg5/polling_the_nba_subreddits_results/?ref=share&ref_source=link) based on polls I did with each individual team subreddit. Let’s run it back based on how fans are feeling about their teams going into the all-star break.\n\n\nI attempted to do an end-of-season poll last year, but due to some issues with certain team subreddits (won’t name names), I couldn’t get the participation I hoped for. I’m skipping that and going straight to the biggest basketball subreddit to get as much participation as possible.\n\n\nAs always, the goal is to get insight into each fanbase on how they feel about their team thus far this season. **Please fill out only one survey below based on your fandom to keep results as accurate as possible.** I will close polling the day prior to the trade deadline, and post the results as soon as I can. Appreciate it!\n\nDallas Mavericks: [Link](https://docs.google.com/forms/d/e/1FAIpQLSd27kAgZlVGhlYrNMrZqDkOJ4t9ewBz5jyB20KgBKvIiEDi2w/viewform?usp=sf_link)\n\nDenver Nuggets: [Link](https://docs.google.com/forms/d/e/1FAIpQLScE7GF3ikTTIN_VKA5EddX5kz35KjSnpQkzvddKcru4AI_PcQ/viewform?usp=sf_link)\n\nGolden State Warriors: [Link](https://docs.google.com/forms/d/e/1FAIpQLSeyHgG4RNv8wwplkSLiVqti4Q5CtIrf5IqmmRlPdBwfHQxy2Q/viewform?usp=sf_link)\n\nHouston Rockets: [Link](https://docs.google.com/forms/d/e/1FAIpQLScziolbAMcRGVzVJ1HcjQ7GifbgbKp_wHm9ZVlOLPgg61q8Nw/viewform?usp=sf_link)\n\nLos Angeles Clippers: [Link](https://docs.google.com/forms/d/e/1FAIpQLSdD1lmcfjgxLDWDMaXOnSBWNQNsQ6WQyaguQNKlLhg-W2GPQQ/viewform?usp=sf_link)\n\nLos Angeles Lakers: [Link](https://docs.google.com/forms/d/e/1FAIpQLSeGmSdVvTt3D-tDvzdgpoAxLBwJ3PEAXQGFodg39ip9-6DOzw/viewform?usp=sf_link)\n\nMemphis Grizzlies: [Link](https://docs.google.com/forms/d/e/1FAIpQLSfLC9RrmcxKzDc9KCdgIvTNHEfJAeJInmrEl9exceN7MBnlsQ/viewform?usp=sf_link)\n\nMinnesota Timberwolves: [Link](https://docs.google.com/forms/d/e/1FAIpQLSdn4l4nXTgdapUH9qg5ZfdMq8_-pDPkEGFS1uAf7SwxhyZJWQ/viewform?usp=sf_link)\n\nNew Orleans Pelicans: [Link](https://docs.google.com/forms/d/e/1FAIpQLSeb1s1zjtTnT5ffaQ7fgDVYFdRTNI4r3Wj2q_QvpFXeLFJegg/viewform?usp=sf_link)\n\nOklahoma City Thunder: [Link](https://docs.google.com/forms/d/e/1FAIpQLSfFvRIGakXsfs2hFNIimuPe6MMaQuxOlrXcZSmC-bNyVzOi1w/viewform?usp=sf_link)\n\nPhoenix Suns: [Link](https://docs.google.com/forms/d/e/1FAIpQLScpNVqa7JxToKc2kWKKAMNKzetFl8beLvgbMXKyOkD_CO27OA/viewform?usp=sf_link)\n\nPortland Trail Blazers: [Link](https://docs.google.com/forms/d/e/1FAIpQLSeivgJljvLZ7tPoCF2RK73e8wf2jYyYFyq9cXoAfvQQNFVAOg/viewform?usp=sf_link)\n\nSacramento Kings: [Link](https://docs.google.com/forms/d/e/1FAIpQLScRjQs8X-ttBXZ1YIvNd-AQfT6bJ_0iJ6n5XwbtCvqy1Kg8oQ/viewform?usp=sf_link)\n\nSan Antonio Spurs: [Link](https://docs.google.com/forms/d/e/1FAIpQLSdJqYc9SEoORAqeThXMfjJTeGntq1gV4_IX2zE20iTsZobepg/viewform?usp=sf_link)\n\nUtah Jazz: [Link](https://docs.google.com/forms/d/e/1FAIpQLSck2hbShDKk_TkHothE9yIxH9W1juTAh2x_T0mjoq-W2ma0ww/viewform?usp=sf_link)\n\nAtlanta Hawks: [Link](https://docs.google.com/forms/d/e/1FAIpQLSfIc4T1KhGT8tBXiWb6tce-cjKrI47fqihovEuAich-LV-Ezg/viewform?usp=sf_link)\n\nBoston Celtics: [Link](https://docs.google.com/forms/d/e/1FAIpQLSeHzhPbJb_qovEYXmAiMNRXyJnzD7OCTwSdAxXGQGc0gViTfA/viewform?usp=sf_link)\n\nBrooklyn Nets: [Link](https://docs.google.com/forms/d/e/1FAIpQLSfZuIQSpA5T8F_HuZKaarkEmL-Liu00dEuJBpx5EtEhfotWcQ/viewform?usp=sf_link)\n\nCharlotte Hornets: [Link](https://docs.google.com/forms/d/e/1FAIpQLSdcGC1V_M9eQqNSwGto-y3h894-ee-jKyO9ui569FgLiiPveA/viewform?usp=sf_link)\n\nChicago Bulls: [Link](https://docs.google.com/forms/d/e/1FAIpQLSf0eFX1JVw4-uQPJKLak5UMxcQJyqob2yjh9w8p9-SK9CSDKQ/viewform?usp=sf_link)\n\nCleveland Cavaliers: [Link](https://docs.google.com/forms/d/e/1FAIpQLSfoIiJQCs4f2RgY3H_54F7gn4CS2ztNMO7hoiCp7Y49j2GIpQ/viewform?usp=sf_link)\n\nDetroit Pistons: [Link](https://docs.google.com/forms/d/e/1FAIpQLScMpEUj6BViFATuobqGo9V2ySpyt-dOFkOiXjTDOpSfUbK7Zw/viewform?usp=sf_link)\n\nIndiana Pacers: [Link](https://docs.google.com/forms/d/e/1FAIpQLSf1sFlLqjFT6yOKmuvRIrfbhm1xDdHdEWgrmFTwXb5TSf7Knw/viewform?usp=sf_link)\n\nMiami Heat: [Link](https://docs.google.com/forms/d/e/1FAIpQLSebaQItBQbwCYwPdhU72Ce3-5PULVOQvran9dx22j8qSh7LhQ/viewform?usp=sf_link)\n\nMilwaukee Bucks: [Link](https://docs.google.com/forms/d/e/1FAIpQLScFCcrL5G_uXjDvu_pAfnNqvC-pge7SQTG1prKAxZE0RSYWDQ/viewform?usp=sf_link)\n\nNew York Knicks: [Link](https://docs.google.com/forms/d/e/1FAIpQLSex6cFKhabtCkRy-sNpDgIHwIKN97SG8rhwJM-IYDFqJpE_nA/viewform?usp=sf_link)\n\nOrlando Magic: [Link](https://docs.google.com/forms/d/e/1FAIpQLSe5ghnvZZ2B4xQo4lh-Gv6c_-JPOu3Wuoz5mMFF7avGpqYxvw/viewform?usp=sf_link)\n\nPhiladelphia 76ers: [Link](https://docs.google.com/forms/d/e/1FAIpQLSetJtfjeMAeQ9qNgY7UTqgr_FUqJZh7Wxt5FWEOAlRV_e88Tw/viewform?usp=sf_link)\n\nToronto Raptors: [Link](https://docs.google.com/forms/d/e/1FAIpQLSdWqadgJ_H_kpSnrygQYHeFdbyZ5qYdvbLgTDWQmF0VdAXA1w/viewform?usp=sf_link)\n\nWashington Wizards: [Link](https://docs.google.com/forms/d/e/1FAIpQLSceyCnb3AOedYkmRNk6UG9khoC3iZ1CbVlanCtNlS-TkeIH2A/viewform?usp=sf_link)\n\nEdit: I screwed up the first time (for some reason the polls were closed), this is the second try!', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/', '10twnhf', [['u/kamoolahbruh', 100, '2023-02-05 03:45', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79i884/', 'Just did the Wizards poll, man that shit was depressing to do', '10twnhf'], ['u/MontaEllisBurner', 22, '2023-02-05 04:03', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79k97z/', "I always loved these posts, thank you for all of your work!\n\nI loved how the Kings and Pacers traded their favourite players to each other\n\nAlso I'm sensing that Ja Morant isn't gonna be as popular this time around", '10twnhf'], ['u/buffalotrace', 14, '2023-02-05 04:17', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79lxfy/', 'I didn’t see the Sonics in here. :(', '10twnhf'], ['u/presyn', 47, '2023-02-05 04:34', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79nsfm/', 'Survey: “What’s the best part about being a fan of your team?”\n\nMe: shit idk “We occasionally have cool jerseys” I guess', '10twnhf'], ['u/kingcobweb', 71, '2023-02-05 05:22', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79t19p/', 'Best player: Nikola Jokic\n\nFavorite player: Nikola Jokic\n\nBest part of being a fan: Nikola Jokic', '10twnhf'], ['u/Zigmanjames', 14, '2023-02-05 05:50', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79vwxv/', 'Said the same thing except with KD', '10twnhf'], ['u/Rithgarth', 10, '2023-02-05 06:15', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j79ya81/', 'Best player: Giannis\r \n\r \nFavorite player: Giannis\n\nBest part of being a fan: We are 36-17 despite all the injuries!', '10twnhf'], ['u/mlebeau12', 10, '2023-02-05 06:51', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7a1l6w/', 'And me with Giannis :)', '10twnhf'], ['u/poppoye', 10, '2023-02-05 07:17', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7a3u9o/', 'Best part of being a fan: Daily Content', '10twnhf'], ['u/Fhaksfha794', 37, '2023-02-05 08:24', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7a97jy/', 'Most frustrating player goes to Josh Primo, showed flashes but was unable to sustain it long term', '10twnhf'], ['u/JobinSkywalker', 10, '2023-02-05 09:11', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7acqn7/', 'He just left it all out there too much, was not a sustainable life for a hooper', '10twnhf'], ['u/takeapieandrun', 13, '2023-02-05 11:31', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7amloe/', 'Lol the warriors fan satisfaction rating is gonna be so low immediately after a championship', '10twnhf'], ['u/MagicN3rd', 11, '2023-02-05 14:27', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7b0kj3/', 'OP do your future self a favor and make each team form use drop-down choices for player names. Will prevent typos and misspellings to aggregate answers for you.', '10twnhf'], ['u/RegularHumanoid', 11, '2023-02-05 15:58', 'https://www.reddit.com/r/nba/comments/10twnhf/20222023_nba_midseason_poll/j7bb45k/', 'Best player: Lauri Markkanen\n\nFavorite player: Lauri Markkanen\n\nBiggest surprise: Lauri Markkanen\n\nBest part of being a fan: Lauri Markkanen', '10twnhf']]], ['u/iamnotbart', 'How does Bitcoin solve this?', 11, '2023-02-05 02:32', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/', "Say someone has a large amount of Bitcoin in cold storage. They die without leaving anyone the seed phrase. How does the Bitcoin get passed to their family?\n\nEdit:\n\nThanks for all of your comments! I guess the answer is no, the family would not be able to recover the Bitcoin. However, thanks for explaining why this is a good thing! We don't want the government, or anyone else being able to take it either. Thanks again!", 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/', '10txe7l', [['u/mastertrader_777', 11, '2023-02-05 02:35', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j799omd/', 'Who said bitcoin solves this? Ask that person.', '10txe7l'], ['u/SmoothGoing', 49, '2023-02-05 02:37', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j799xiu/', 'Proper inheritance planning.', '10txe7l'], ['u/PunxAlwaysWin45', 45, '2023-02-05 02:39', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j79a9v3/', 'What happens when grandpa dies without telling anywhere where he buried the gold? How does the gold get passed to their family? How does gold solve that?', '10txe7l'], ['u/PunxAlwaysWin45', 19, '2023-02-05 02:42', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j79akhd/', "I'm just showing the line of questioning doesnt make sense. This isnt bitcoins problem to solve.", '10txe7l'], ['u/iamnotbart', 16, '2023-02-05 02:44', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j79av4f/', "So what you are saying is that if a family member dies, and they don't leave anyone the seed phrase, or it gets lost, or the seed phrase wasn't documented correctly, there is nothing that can be done.", '10txe7l'], ['u/PunxAlwaysWin45', 12, '2023-02-05 02:46', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j79b4of/', 'correct. without access the coins are donated to the network and join the ranks of the lost coins of the early 2010s. Think of it as a donation to everyone.\n\nIf you want your coins passed on, you better damn make sure you have instructions in place for your loved ones who quite possibly wont know as much about bitcoin as you did.', '10txe7l'], ['u/urug99', 10, '2023-02-05 02:55', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j79c55u/', "That's probably why OP was asking, he wanted to make sure his shitty family can't get his money.", '10txe7l'], ['u/esemene', 11, '2023-02-05 03:10', 'https://www.reddit.com/r/Bitcoin/comments/10txe7l/how_does_bitcoin_solve_this/j79e014/', 'Hide how she did it…', '10txe7l']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, February 05, 2023', 33, '2023-02-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/', '10u2nc7', [['u/Yeah_I_Can_Draw', 27, '2023-02-05 16:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7bdwhg/', '[Bitcoin Batman strikes again](https://imgur.com/a/j2lHwUo)', '10u2nc7'], ['u/JAGR8202', 13, '2023-02-05 18:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7btfb2/', '1k even', '10u2nc7'], ['u/Oo0o8o0oO', 22, '2023-02-05 19:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7c74ty/', '>\tgape up on cme\n\nGonna buy some wide spreads?', '10u2nc7'], ['u/xtal_00', 12, '2023-02-05 19:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7c926z/', 'Tasty dip.\n\nI’m in until 22700 falls, then I’ll let the traders beat each other bloody.', '10u2nc7'], ['u/RetardIdiotTrader', 23, '2023-02-05 20:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7cb95p/', "If this isn't the easiest dip buying of your life I don't know what is.", '10u2nc7'], ['u/xtal_00', 12, '2023-02-05 20:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7cc0bc/', 'Volume is low. \n\nThis weekend is particularly fake.', '10u2nc7'], ['u/By-hi-sell-lo', 18, '2023-02-05 22:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7czr4s/', 'Really hoping this comment ages well 🙏 😅', '10u2nc7'], ['u/bittabet', 13, '2023-02-05 23:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/10u2nc7/daily_discussion_sunday_february_05_2023/j7d5aps/', 'Posted a bit more collateral for my idiotic top long to get the leverage ratio down (oops) and also added 25% to my position on this dip. Just gonna keep this long open until we either hit $40K or I get rekt 😂', '10u2nc7']]], ['u/possibili-teas', 'How would you respond to a crypto naive person who asked you how to make money from crypto?', 25, '2023-02-05 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10u55wq/how_would_you_respond_to_a_crypto_naive_person/', "Yesterday went out with a group of good old friend who were in the same hostel as me when we were in university.\r\nAfter our meal, I took out the cdc credit card to pay for the meal, a few of them saw that and told me they are interested and asked me how to make money from crypto. These friends are engineering geeks who are crypto naive and I am not sure if I should just asked them to stay away from crypto. I usually don't tell around to others i hold crypto. I am afraid they may invest in crypto without enough knowledge and blame me for it when they lose money. In the end, I told them about my own little DCA investment in bitcoin and warned them about scams. I told them about my own mantra, if anyone tell you something is fun and easy, they are probably just trying to sell you.", 'https://www.reddit.com/r/CryptoCurrency/comments/10u55wq/how_would_you_respond_to_a_crypto_naive_person/', '10u55wq', [['u/Bucksaway03', 10, '2023-02-05 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/10u55wq/how_would_you_respond_to_a_crypto_naive_person/j7a2dcm/', "Don't listen to me because I only know losses", '10u55wq'], ['u/WeaselJCD', 20, '2023-02-05 08:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10u55wq/how_would_you_respond_to_a_crypto_naive_person/j7a9702/', '1) buy (btc or eth)\n2) hold for 8-10 years\n3) ????\n4) profi!', '10u55wq'], ['u/ardevd', 16, '2023-02-05 09:38', 'https://www.reddit.com/r/CryptoCurrency/comments/10u55wq/how_would_you_respond_to_a_crypto_naive_person/j7aeo4r/', 'Bitcoin is a get rich slow scheme. \n\nCrypto is basically a casino.', '10u55wq']]], ['u/rBitcoinMod', 'Daily Discussion, February 05, 2023', 42, '2023-02-05 07:00', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10t6m3c/daily_discussion_february_04_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/', '10u5dry', [['u/Mike_Woo_Sculptor', 10, '2023-02-05 08:20', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/j7a8y24/', 'Love you all', '10u5dry'], ['u/CupNoodlesKing', 13, '2023-02-05 09:55', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/j7afwms/', ' I almost have one million satoshis', '10u5dry'], ['u/Analog_AI', 16, '2023-02-05 10:19', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/j7ahl51/', 'Just read that Brazil and Panama made bitcoin legal for payments. \n\nhttps://bitcoinmagazine.com/legal/brazil-approves-use-of-bitcoin-as-payment\n\nhttps://www.exodus.com/news/panama-approves-bitcoin-bill/\n\nThis means one can pay in bitcoin if the vendor or service provider agrees to be paid in bitcoin.\n\nLegal tender means the vendor is obliged to accept payment in bitcoin.\n\nI’m glad that bitcoinisation is spreading to more countries. \n\nWaiting for US to join the list. I mean nation wide.', '10u5dry'], ['u/Altruistic_Baker_423', 16, '2023-02-05 11:28', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/j7amft6/', 'Warm greetings to all “clever investors” that waited to buy at 15k-10k-5k and dismissed the last dip as “not low enough”. 👋😘', '10u5dry'], ['u/user_name_checks_out', 15, '2023-02-05 13:15', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/j7au5qp/', 'Just because we think that attempting to time the market is a bad idea, does not mean that we think that a highly leveraged bet is a good idea. What a stupid comment.', '10u5dry'], ['u/Alfador8', 12, '2023-02-05 21:49', 'https://www.reddit.com/r/Bitcoin/comments/10u5dry/daily_discussion_february_05_2023/j7cqhi0/', 'Why would it? It would have zero impact on the Bitcoin protocol. As long as the protocol keeps working Bitcoin will be fine', '10u5dry']]], ['u/Constantlydeleted', "80k/year (pretax) Ontario, Canada. I'm 29. Employer has OMERS set up. How much more should I contribute to RRSPs if I want to retire by 55?", 15, '2023-02-05 07:15', 'https://www.reddit.com/r/Fire/comments/10u5n2i/80kyear_pretax_ontario_canada_im_29_employer_has/', "So that's the basic situation. \n\nI'm 29 and just got the 80k/year job. \n\n- 4k credit card debt which I'm transferring to a line of credit soon\n\n- 35k student loans with OSAP\n\n- no assets, not even a car. \n\n- I'm making 80k a year.base salary. \n\n- I get shift premiums and option for overtime, so I believe I'll actually be getting anywhere between 85k and 90k pretax most years with cost of living adjustments. \n\n- I make 2k to 10k a year in cash/gift cards online with gold farming on an MMO. \n\n- I'd like a dog and no kids and I don't plan on getting married, but if it happens it happens. \n\nRegarding the MMO, I don't count it as income. It's basically slightly more profitable than Bitcoin mining. It's inconsistent, so I have it cover things like the occasional Uber or gifts during Christmas. Sometimes I use it to buy clothes or groceries. It's unreported income that's technically a hobby. I request gift cards to make it untraceable to the CRA intentionally tbh. It's impossible to lose money but it's possible to make very little. \n\nI'm at the highest position for my education within this union without going into management. Management is not in the union so I'm happy to retire in the exact position I have now, unless non union advancements become available. \n\nI don't have a car and can walk to work. I spend about $50 on public transportation and take the occasional Uber (once or twice a month). \n\nGiven that this is the first job I've had a pension with, and there are options to retire at 55 in my position, I'm wondering what I should plan exactly.\n\nAdd: before getting this job I thought I'd have to work forever. I'm very new to even thinking that it's a possibility to retire.", 'https://www.reddit.com/r/Fire/comments/10u5n2i/80kyear_pretax_ontario_canada_im_29_employer_has/', '10u5n2i', [['u/posting_random_thing', 12, '2023-02-05 07:58', 'https://www.reddit.com/r/Fire/comments/10u5n2i/80kyear_pretax_ontario_canada_im_29_employer_has/j7a768w/', '4k credit card debt should just like not exist with an 80k income. What the heck are you doing?', '10u5n2i'], ['u/Constantlydeleted', 12, '2023-02-05 08:03', 'https://www.reddit.com/r/Fire/comments/10u5n2i/80kyear_pretax_ontario_canada_im_29_employer_has/j7a7l7l/', 'I started the job 2 weeks ago =] \n\nNow that I have a new income, I want a realistic budget that includes retirement savings. \n\nI have 4k debt because I was unemployed for 1.5 year during Covid. It was 12k debt. Now it\'s 4k.\n\n\nI\'m quite proud of myself for my income leaps. In 2019, I was making $23 an hour. Lost my job. 1.5 years of unemployment later in 2021, I took the first job that found me for $15/hour. Hopped to another for $18/hour. Negotiated raise to $20/hour. Then job hopped to $23/hour. \n\nMy final job hop was last month to $38/hour, with, as I said, shift premiums and optional overtime. \n\nI am very much in a poor person\'s mind set. I still feel poor. I\'m keen to save to not have to only eat bagels, eggs and potatoes for four fifths of my meals. The one benefit to that is that I\'m used to living frugally. Though I do plan on "indulging" in actually buying meat and fruit again.', '10u5n2i']]], ['u/clit_eastwood_', 'SBF gets extradited to USA and a week later the next ‘bull run’ starts. Coincidence?', 12, '2023-02-05 09:09', 'https://www.reddit.com/r/Buttcoin/comments/10u7ge3/sbf_gets_extradited_to_usa_and_a_week_later_the/', 'Just want to hear your thoughts on this. It would seem logical that the remaining big players saw the writing on the wall when SBF went stateside, and are doing one final pump before they cash out and Bitcoin’s price collapses. \n\nWhat do you think is going on?', 'https://www.reddit.com/r/Buttcoin/comments/10u7ge3/sbf_gets_extradited_to_usa_and_a_week_later_the/', '10u7ge3', [['u/greyenlightenment', 14, '2023-02-05 09:26', 'https://www.reddit.com/r/Buttcoin/comments/10u7ge3/sbf_gets_extradited_to_usa_and_a_week_later_the/j7adv24/', 'The bull run is just a dead cat bounce that follows the Nasdaq. No deeper meaning than that. It will be below 17k soon enough, likely after another major failure.', '10u7ge3'], ['u/Potential-Coat-7233', 24, '2023-02-05 10:58', 'https://www.reddit.com/r/Buttcoin/comments/10u7ge3/sbf_gets_extradited_to_usa_and_a_week_later_the/j7akbqp/', 'I reject the idea that you can identify bull and bear runs in crypto.\n\nI also think assigning price movement to one particular thing is very very difficult.', '10u7ge3']]], ['u/Safe_Time_6583', 'Could we possibly all be living in alternative perceived realities while in the same environment physically?', 65, '2023-02-05 12:59', 'https://www.reddit.com/r/occult/comments/10uauu6/could_we_possibly_all_be_living_in_alternative/', "Some late night thoughts.. I'll try to explain this better. What say in my reality and perception, things are a certain way, while you (the reader of this) from your perception are viewinf things from a totally different reality? \n\nFor example, Bitcoin price maybe 21k USD fromin my reality with you in it, but you may be in a different reality where it's 200k USD.\n\nLike you are having a separate dream (reality) to what I am?\n\nNot sure if I explained that how how I wanted to Lol?", 'https://www.reddit.com/r/occult/comments/10uauu6/could_we_possibly_all_be_living_in_alternative/', '10uauu6', [['u/thegreenwookie', 36, '2023-02-05 13:19', 'https://www.reddit.com/r/occult/comments/10uauu6/could_we_possibly_all_be_living_in_alternative/j7augir/', 'Yes but ours have much more of an overlapping. Think of the flower of life symbol as a Venn diagram. \n\n\nThe subjective parts of reality are where our separate realities differ. "Shared agreements" like BTC price are at the center of your Venn diagram.\n\nPeople who are color blind are a good example of separate but shared reality.\n\n\nAnimals like pit vipers see reality as different. A total separate world from which we can experience yet on the same physical plane.', '10uauu6'], ['u/Hoosier108', 11, '2023-02-05 14:53', 'https://www.reddit.com/r/occult/comments/10uauu6/could_we_possibly_all_be_living_in_alternative/j7b3daj/', 'Reality is just what our brain tries to make sense of from all of the barrage of sensory information. In yoga there is the waking mind, the sleeping mind, the dreaming mind, and beyond the veil of illusion is the Truth. For all we know the world is full of dinosaur robots and the ghosts of screaming children but our brains just shut them out.', '10uauu6'], ['u/Radiant__Fox', 10, '2023-02-05 15:07', 'https://www.reddit.com/r/occult/comments/10uauu6/could_we_possibly_all_be_living_in_alternative/j7b4w27/', "Yes that's basically how it works.\n\nWe each have our individualized realities that bubble around us and overlap with others. Together we all form a network of dreams we dream together.", '10uauu6']]], ['u/Imake100kYearly', 'How are you staying ahead of the ai curve?', 26, '2023-02-05 13:59', 'https://www.reddit.com/r/ArtificialInteligence/comments/10ubvwk/how_are_you_staying_ahead_of_the_ai_curve/', 'IMO I haven’t seen anything this major since bitcoin went through the roof. I feel we are at the brink of an endless void of possible scenarios and I’m having trouble actually comprehending the vast capabilities ai.\n\nMy first idea was to do some quick Fiverr schemes for a few bucks using ai but I feel I could do much more. \n\nAll my life I’ve had an interest in video games not because of the distraction element but the ability to extend human ability beyond what is possible in the real world. With ai I feel I could make games or software much easier that continue that theme and add value to society by solving a problem.', 'https://www.reddit.com/r/ArtificialInteligence/comments/10ubvwk/how_are_you_staying_ahead_of_the_ai_curve/', '10ubvwk', [['u/DesiBail', 14, '2023-02-05 14:00', 'https://www.reddit.com/r/ArtificialInteligence/comments/10ubvwk/how_are_you_staying_ahead_of_the_ai_curve/j7ay1rq/', 'Skipping over to retirement. Waiting for Universal Basic Income.', '10ubvwk'], ['u/DesiBail', 13, '2023-02-05 18:09', 'https://www.reddit.com/r/ArtificialInteligence/comments/10ubvwk/how_are_you_staying_ahead_of_the_ai_curve/j7btkve/', '>You really think you’re entitled to it after being born in infrastructure built off taking complete advantage of entire races and cultures of people from their resources, to their wombs and their entire working lives, and still these billions live in poverty struggling to find fresh water, and you think you’re first in line for “universal” basic income? Sorry, but I just think this is all hilariously ironic.\n\nLooks like you are assuming that i am from a developed country.', '10ubvwk'], ['u/DadSnare', 22, '2023-02-05 18:19', 'https://www.reddit.com/r/ArtificialInteligence/comments/10ubvwk/how_are_you_staying_ahead_of_the_ai_curve/j7buxta/', "You can't stay ahead of everything, but focusing on an area of interest and becoming an expert probably isn't bad advice.", '10ubvwk'], ['u/JohnnySweatpantsIII', 14, '2023-02-05 19:22', 'https://www.reddit.com/r/ArtificialInteligence/comments/10ubvwk/how_are_you_staying_ahead_of_the_ai_curve/j7c4l1l/', "I'm teaching myself to build software tools using AI APIs. Small tools that help people with tasks, and then eventually after practice I will make something larger. My goal is to have several AI-powered software solutions generating my income. If you can't beat 'em, join 'em. \n\nHere's my first published tool, a site that tells you exactly how long to air fry food. I plan on monetizing this with ads in the near future. https://airfry.ai", '10ubvwk']]], ['u/deepakdinesh13', 'Going to get kicked out of college(Details in the post), How can I break into the industry without a degree', 24, '2023-02-05 17:13', 'https://www.reddit.com/r/developersIndia/comments/10ug6sh/going_to_get_kicked_out_of_collegedetails_in_the/', 'Update: A person close to the principal of the college talked to him and the principal called me and told me that I have absolutely nothing to worry about and he told me that he will allow me to pursue my internship and make sure that I am not troubled again. He also asked me why I did not inform him sooner, which i should have done in the first place. Thank you all for the advice, it really helped me.\n\n\ntl;dr The head of my department in college has vowed to destroy my life. What are my options for getting a job or establishing a source of income?\n\nI am from a very conservative college where it does not matter if you can code but you have to obey the teachers, I secured an internship myself and asked my HOD to allow me to do it instead of a paid internship organized by the college(ones where we have to pay for the internship, for context my internship pays me 20k pm) and she proceeded to call me a rascal and told me my attitude was the worst and vowed to destroy my life(this has been going on for a year now and she is continuously harassing me all the time).\n\nI know getting a job without a degree right now is very hard, but I want to know if I can earn money from freelancing or joining some startup or any other ideas as the company that I am working for right now requires a degree for a full-time conversion. For context, I have contributed to many open-source repositories such as Django and Meshery and I have also participated in GSOC 2022, this year I might get selected for the summer of bitcoin. I bagged internship offers for both NodeJS developer and Python backend intern(decided to go with python). I am not trying to prove anything, if my experience seems good to you and you know about startups who hire people without degrees please let me know.', 'https://www.reddit.com/r/developersIndia/comments/10ug6sh/going_to_get_kicked_out_of_collegedetails_in_the/', '10ug6sh', '[]'], ['u/1_BigPapi', 'Bitcoin and Fibonacci Levels Aligned Perfectly This Cycle', 15, '2023-02-05 17:49', 'https://www.reddit.com/r/CryptoCurrency/comments/10uh16v/bitcoin_and_fibonacci_levels_aligned_perfectly/', "W.D. Gann, Charles Dow, and others discovered that price typically retraces 50% to 62%.\n\nOf course trading isn't always that easy, but sometimes charts line up beautifully. Since 2020 Bitcoin retraced to 50%, recovered to 38% at the time of writing.\n\nThis implies a healthy correction. Curious to see if it holds 38%.\n\n[Bitcoin 2W Chart Aligned to Fibonacci Retracement Levels](https://preview.redd.it/7ltxl6bwfega1.png?width=3668&format=png&auto=webp&v=enabled&s=1ca4430249784cf3966966cf8dd925760761545f)", 'https://www.reddit.com/r/CryptoCurrency/comments/10uh16v/bitcoin_and_fibonacci_levels_aligned_perfectly/', '10uh16v', [['u/jooro_a', 11, '2023-02-05 17:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10uh16v/bitcoin_and_fibonacci_levels_aligned_perfectly/j7bqqws/', 'Now we just wait for Jupiter to align too', '10uh16v']]], ['u/Beyonderr', 'The 2022 FTX Super Bowl commercial is a great one to rewatch - the ad aged like fine wine and Larry David was so right about FTX', 67, '2023-02-05 17:55', 'https://www.reddit.com/r/CryptoCurrency/comments/10uh6ki/the_2022_ftx_super_bowl_commercial_is_a_great_one/', 'Background for those who are new here: a year ago on 14 February 2022, four crypto companies aired an ad during the Super Bowl. These companies were: \n\n* Coinbase (Slogan: "Less talk, more Bitcoin")\n* Crypto.com (Slogan: "The moment of truth")\n* eToro (Slogan: "Flying your way")\n* **FTX (Slogan: "Don\'t miss out")**\n\nAll commercials were memorable, but the FTX one is definitely the most interesting in hindsight and a really funny one to rewatch. [**You can view that commercial on YouTube**](https://www.youtube.com/watch?v=hWMnbJJpeZc)**.**\n\nThe idea behind the commercial was to equate getting FTX to key moments in human history like the invention of the wheel, the light bulb, and the toilet, as well as to incredible moments like going to the moon. \n\nAt some point a FTX employee told Larry Davis: "Like I was saying, it’s FTX. It’s a safe and easy way to get into crypto." Larry Davis\' response was: *"Yeahhh, I don\'t think so, and I am never wrong about this stuff. Never."*\n\n[Larry David was right!](https://preview.redd.it/cmho5x6idega1.png?width=1429&format=png&auto=webp&v=enabled&s=45c4577350ecbfa27c1776c0b08edafc084742e6)\n\nSo, which crypto company will get the Super Bowl curse in 2023?', 'https://www.reddit.com/r/CryptoCurrency/comments/10uh6ki/the_2022_ftx_super_bowl_commercial_is_a_great_one/', '10uh6ki', [['u/ChemicalGreek', 11, '2023-02-05 17:58', 'https://www.reddit.com/r/CryptoCurrency/comments/10uh6ki/the_2022_ftx_super_bowl_commercial_is_a_great_one/j7bruew/', 'Not particularly a crypto company, but there are rumors that Reddit will make an ad since they will give free NFL NFTs with the official Super Bowl and NFL logos. \n\nSo maybe they will advertise their Reddit NFTs or a QR link to claim the free NFT? Next Sunday we know 😉 A part of me hopes that they will also mention RCPs, but that’s rather unlikely.', '10uh6ki'], ['u/Ok-Employment-5313', 10, '2023-02-05 17:58', 'https://www.reddit.com/r/CryptoCurrency/comments/10uh6ki/the_2022_ftx_super_bowl_commercial_is_a_great_one/j7brw4r/', 'They gave a warning in disguise', '10uh6ki']]], ['u/farmbotic', 'The Unstoppable Four-Year Cycle of Bitcoin: Buckle Up for 2023!', 318, '2023-02-05 18:04', 'https://www.reddit.com/r/Bitcoin/comments/10uheee/the_unstoppable_fouryear_cycle_of_bitcoin_buckle/', 'Attention all Bitcoiners! Are you ready for a wild ride in 2023?\n\nAccording to the four-year cycle of Bitcoin, we\'re entering the accumulation phase and it\'s time to buckle up! Despite all the macroeconomic events, the China ban, the Tesla ban, inflation, market crashes, and insolvencies, Bitcoin just keeps on ticking. It\'s almost as if it\'s defying the laws of economics!\n\nThink about it, Bitcoin has survived bear markets in 2014, 2018, and 2022, each lasting approximately 1 year and dropping by over 80%. But, it always seems to bounce back stronger than ever. It\'s as if Bitcoin is playing a game of "Can You Handle This?" with the market and the market is losing.\n\nWhat\'s even more fascinating is that the four-year cycle of Bitcoin seems to be more predictable than the weather in March. According to the countdown on [**https://buybi...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology.\nJP Morgan\'s e-Trading Edit report is now in itsseventh year, the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics."\nThe tumultuous bear market in crypto—coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT—seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future. Mobile trading applications came in first, with 29 percent.\nNow, AI dwarfs every other major category of technology, its 53% citation rate far and away ahead of API integration (14%) and blockchain (12%). The top 2022 technology, mobile apps, fell to 7%, along with quantum computing and natural language processing.\nWhy Is Crypto Twitter Obsessed with ChatGPT?\nTackling crypto specifically, JP Morgan found that 72% of traders "have no plans to trade crypto [or] digital coins," with 14% predicting they plan to trade within five years.\nEven so, respondents clearly felt that other players were bullish on the space.\n"Crypto and digital coins, commodities, and credit are predicted to have the biggest increases in electronic trading volumes over the next year," the report notes, with participants predicting 64 percent of their activity will be in the crypto space by 2024.\nWhile the survey found traders were unanimous in their belief that electronic trading will continue to grow, they also expected rough weather ahead. When asked which potential developments will have the greatest impact on the markets in 2023, the top answers were recession risk (30%), inflation (26%), and geopolitical conflict (19%).\nThe e-Trading Edit report is only the latest of several studies and reports that JP Morgan has released in the past month relating to cryptocurrency and digital assets. Last week, the firm predicted "significant challenges" for Bitcoin and Ethereum and noted that Solana, Terra, and tokens were gaining traction in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs).\nJP Morgan also looked at theprospectsfor leading crypto exchange Coinbase last month, saying the upcoming Shanghai update for Ethereum "could usher in a new era of staking" for the firm.', 'More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology. JP Morgan\'s e-Trading Edit report is now in its seventh year , the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics." The tumultuous bear market in crypto—coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT—seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future. Mobile trading applications came in first, with 29 percent. Now, AI dwarfs every other major category of technology, its 53% citation rate far and away ahead of API integration (14%) and blockchain (12%). The top 2022 technology, mobile apps, fell to 7%, along with quantum computing and natural language processing. Why Is Crypto Twitter Obsessed with ChatGPT? Tackling crypto specifically, JP Morgan found that 72% of traders "have no plans to trade crypto [or] digital coins," with 14% predicting they plan to trade within five years. Even so, respondents clearly felt that other players were bullish on the space. "Crypto and digital coins, commodities, and credit are predicted to have the biggest increases in electronic trading volumes over the next year," the report notes, with participants predicting 64 percent of their activity will be in the crypto space by 2024. While the survey found traders were unanimous in their belief that electronic trading will continue to grow, they also expected rough weather ahead. When asked which potential developments will have the greatest impact on the markets in 2023, the top answers were recession risk (30%), inflation (26%), and geopolitical conflict (19%). Story continues The e-Trading Edit report is only the latest of several studies and reports that JP Morgan has released in the past month relating to cryptocurrency and digital assets. Last week, the firm predicted " significant challenges " for Bitcoin and Ethereum and noted that Solana, Terra, and tokens were gaining traction in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs). JP Morgan also looked at the prospects for leading crypto exchange Coinbase last month, saying the upcoming Shanghai update for Ethereum "could usher in a new era of staking" for the firm.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dipped below $23K earlier in the weekend and flattened on Sunday as investors await the next utterances from Federal Reserve Chairman Jerome Powell.\nInsights:If crypto continues to rebound, venture capital in blockchain projects is likely to rise. Will venture capitalists avoid their past investment mistakes in the blockchain space?\nCoinDesk Market Index (CMI)\n1,088\n−14.6▼1.3%\nBitcoin (BTC)\n$23,059\n−208.2▼0.9%\nEthereum (ETH)\n$1,639\n−21.7▼1.3%\nS&P 500\n4,136.48\n−43.3▼1.0%\nGold\n$1,880\n+16.7▲0.9%\nNikkei 225\n27,509.46\n+107.4▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Trades Flat as Investors Await Powell Speech, More Earnings\nBy Sam Reynolds\nMajor digital asset prices traded flat over the weekend, with bitcoin down 1.7% and ether in the red 2.3% over the weekend.\nAfter a mediocre start to earnings season, investors are thought to be looking ahead to Federal Reserve Chairman Jerome Powell’s speech before the Economic Club in Washington, D.C., scheduled for Tuesday afternoon, before making any big moves.\nFactSet data shows that less than 1% of the companies in the S&P 500 reported earnings that were above estimates. This is below the five-year average of 8.6%, and the 10-year average of 6.4%.\n"As a result, the earnings decline for the fourth quarter is larger today compared to the end of last week and compared to the end of the quarter," FactSet\'s senior earnings analyst John Butterswrote in a Friday market update. "If the index reports an actual decline in earnings for Q4 2022, it will mark the first year-over-year decline in earnings reported by the index since Q3 2020.”\nSpeaking late last week on CoinDesk TV, David Siemer, CEO of accounting software provider Wave Financial, said that the market is giving mixed signals – strong job numbers, but mediocre earnings results – and he still expects a recession this year, albeit a weak one.\n“I am a little more optimistic that it won\'t be quite as severe a recession as in a great recession or major, major recession,” he said, pointing to the resilience of consumers. “The fact that the Fed\'s actions are having such a slow effect doesn\'t mean cumulatively they won\'t eventually have a major effect. We\'re probably still a quarter or two away from seeing what the Fed\'s actions have really actually done to the economy.”\nAnd what does this mean to crypto prices, looking forward? Joe DiPasquale, CEO of crypto fund manager BiBull Capital, wrote in a note to CoinDesk that crypto markets are “optimistic” after a modest rate increase and bitcoin will “oscillate around the $20K support level for the next few months, barring other unforeseen events and market action.”\nMeanwhile, the U.S. Dollar Index (DXY) is opening the Asia trading week at 103.12, staying in what many analysts call a “defensive” position. The measure of the world’s largest fiat asset spent most of last year surging, hitting stock and crypto prices hard. Year-to-date it’s down 1.4%.\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}]\nCan Crypto VCs Avoid the Mistakes of Last Year?\nBy Sam Reynolds\nThe last quarter of 2021 was the end of an unprecedented bull market that began the year before with COVID-included macroeconomic policy and finished with the Fed raising rates in 2022, and with a trio of collapses, most notably crypto exchange FTX and its trading arm Alameda Research. Venture capitalists enjoyed the ride on the way up, but certainly felt the pain on the way down in 2022 as cascading failures knocked the wind out of their portfolios.\nFor the industry, the trillion-dollar question will be: Did VCs learn anything, and can they avoid repeating the mistakes of last year that severely dented their profits. VCs invested furiously as crypto prices rose but their methods often seemed slapdash.\nAn upbeat January\nBitcoin and many altcoin categories had a fantastic January, with the world’s largest digital asset rising40% on-month, some metaverse tokens makingtriple-digit gainsand layer 1s such asAptos’ APT rising by over 300%. Some of the more bullish takes even predictbitcoin hitting $45,000 by Christmas.\nBut despite these data points indicating that crypto winter is thawing, VCs\' investment in digital asset and blockchain projects fell 90% in January,according to a recent CoinDesk report.\n"Over the past 18 months, VC investments into crypto reached a peak, with investments spread across the entire ecosystem. Diligence cycles were compressed to weeks and sometimes days during this time, with many investors shunned out of the round if they asked crypto startups follow-up diligence questions (this is partly why FTX was not properly diligenced),” Robert Le, a senior emerging technology analyst at Pitchbook, told CoinDesk in an email.\nLe said that during the past six months, there has been a significant slowdown in the speed at which VCs do deals, with the diligence cycle now taking months.\n“Capital is now concentrated into areas with business models and product market fit. There is also less appetite for pure token rounds, with many investors preferring equity," Le said.\nThroughout the 2020-22 bull market cycle, many observers found it almost comical how many projects of questionable merit, teams with negligible skills, and projects without a proper fit received a seemingly, never-ending bucket of funding.\nThe stats are sobering:CertiK saysthere was more than $3.7 billion in tokens stolen, scammed, or attacked in 2022; in 2021 there were over$2.8 billion in rug pulls, a term forteams absconding with investors’ tokens.\n“Investors were very willing to underwrite risk, bet on exploratory and niche products, and take an optimistic view of the space,” Nate George, venture capital co-lead at Cumberland, told CoinDesk.\nGeorge said that investors tolerated poorly constructed legal documents with extremely limited investor protections, just to get into the sector. In turn, throughout the 2021-22 cycle, funds employed a “scattershot approach” to investing with large collections of investors writing small checks demonstrating their low conviction to the project.\nEffectively everyone who wanted it got funding.\n“Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time, investors began to re-evaluate their focus on what constitutes product market fit, realizing that large token incentive programs rewarding user participation creates distorted traction metrics and overlooks user stickiness.”\nMoving into spring\nA lot must be going through investors’ minds at the moment. On one hand, there’s lots of data – in the form of bloody red losses on profit-and-loss statements – to show that a slower, high-conviction approach to investing is better for both the industry and the fund’s return.\nBut at the same time, this is the season of altcoins.SHIB is up nearly 50%this past month. Metaverse tokens,despite the questionable traction platforms like Decentraland have, are doing very well.\nData from CryptoRank shows that smaller, more nimble funds are making the triple-digit returns.\nAnd what are they investing in? Lesser-known protocols. The stuff that climbs fast and falls hard. Stuff that would be part of a “scattershot” portfolio.\nThat’s not to say that the largest funds aren’t doing well in the last month.\nCoinbase Ventures, which was very busy throughout 2022 with 121 closed deals, according to Pitchbook, has seen its token portfolio rise by 56% over the past month. Andreessen Horowitz (a16z) is around the same. Animoca Brands, which was rumored to be suffering from serious financial strife at the end of last year, has had its fortunes turn around in a big way.\nBut which thesis will win?\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Retail Sales (YoY/Jan)\n10:30 p.m. HKT/SGT(14:30 UTC)Japan Overall Household Spending (YoY/Dec)\n2:30 a.m. HKT/SGT(18:30 UTC)Reserve Bank of Australia Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $23K as US Adds 517K Jobs in January; Sam Bankman-Fried Is Negotiating Bail Conditions\nThe first U.S. jobs report of the year revealed that nonfarm payrolls grew by 517,000 in January, while the unemployment rate was little-changed at 3.4%. What does it mean for crypto? Wave Financial co-founder and CEO David Siemer joined the conversation. McMillan LLP partner Benjamin Bathgate, LevelField Financial CEO and Chairman Gene Grant II and Catawba Digital Economic Zone CEO Joseph McKinney also joined "First Mover."\nBitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due:The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.\nIndia Reveals IMF Is Working With G-20 for Crypto Regulations:Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country.\nJack Dorsey-Based Social Network Nostr\'s Damus App Banned From China App Store:A notification from Apple says Damus “includes content that is illegal in China.”\nBinance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX:The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage.\nIndonesia Delays Crypto-Stock Exchange Launch Again, This Time Until June, Report:The government, which is in the process of changing regulators for crypto, had initially planned to roll out the trading platform by end-2021.\nUPDATE (Feb. 6 15:25 UTC): Adds where Jerome Powell will be speaking Tuesday in the fourth paragraph.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dipped below $23K earlier in the weekend and flattened on Sunday as investors await the next utterances from Federal Reserve Chairman Jerome Powell.\nInsights:If crypto continues to rebound, venture capital in blockchain projects is likely to rise. Will venture capitalists avoid their past investment mistakes in the blockchain space?\nCoinDesk Market Index (CMI)\n1,088\n−14.6▼1.3%\nBitcoin (BTC)\n$23,059\n−208.2▼0.9%\nEthereum (ETH)\n$1,639\n−21.7▼1.3%\nS&P 500\n4,136.48\n−43.3▼1.0%\nGold\n$1,880\n+16.7▲0.9%\nNikkei 225\n27,509.46\n+107.4▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Trades Flat as Investors Await Powell Speech, More Earnings\nBy Sam Reynolds\nMajor digital asset prices traded flat over the weekend, with bitcoin down 1.7% and ether in the red 2.3% over the weekend.\nAfter a mediocre start to earnings season, investors are thought to be looking ahead to Federal Reserve Chairman Jerome Powell’s speech before the Economic Club in Washington, D.C., scheduled for Tuesday afternoon, before making any big moves.\nFactSet data shows that less than 1% of the companies in the S&P 500 reported earnings that were above estimates. This is below the five-year average of 8.6%, and the 10-year average of 6.4%.\n"As a result, the earnings decline for the fourth quarter is larger today compared to the end of last week and compared to the end of the quarter," FactSet\'s senior earnings analyst John Butterswrote in a Friday market update. "If the index reports an actual decline in earnings for Q4 2022, it will mark the first year-over-year decline in earnings reported by the index since Q3 2020.”\nSpeaking late last week on CoinDesk TV, David Siemer, CEO of accounting software provider Wave Financial, said that the market is giving mixed signals – strong job numbers, but mediocre earnings results – and he still expects a recession this year, albeit a weak one.\n“I am a little more optimistic that it won\'t be quite as severe a recession as in a great recession or major, major recession,” he said, pointing to the resilience of consumers. “The fact that the Fed\'s actions are having such a slow effect doesn\'t mean cumulatively they won\'t eventually have a major effect. We\'re probably still a quarter or two away from seeing what the Fed\'s actions have really actually done to the economy.”\nAnd what does this mean to crypto prices, looking forward? Joe DiPasquale, CEO of crypto fund manager BiBull Capital, wrote in a note to CoinDesk that crypto markets are “optimistic” after a modest rate increase and bitcoin will “oscillate around the $20K support level for the next few months, barring other unforeseen events and market action.”\nMeanwhile, the U.S. Dollar Index (DXY) is opening the Asia trading week at 103.12, staying in what many analysts call a “defensive” position. The measure of the world’s largest fiat asset spent most of last year surging, hitting stock and crypto prices hard. Year-to-date it’s down 1.4%.\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}]\nCan Crypto VCs Avoid the Mistakes of Last Year?\nBy Sam Reynolds\nThe last quarter of 2021 was the end of an unprecedented bull market that began the year before with COVID-included macroeconomic policy and finished with the Fed raising rates in 2022, and with a trio of collapses, most notably crypto exchange FTX and its trading arm Alameda Research. Venture capitalists enjoyed the ride on the way up, but certainly felt the pain on the way down in 2022 as cascading failures knocked the wind out of their portfolios.\nFor the industry, the trillion-dollar question will be: Did VCs learn anything, and can they avoid repeating the mistakes of last year that severely dented their profits. VCs invested furiously as crypto prices rose but their methods often seemed slapdash.\nAn upbeat January\nBitcoin and many altcoin categories had a fantastic January, with the world’s largest digital asset rising40% on-month, some metaverse tokens makingtriple-digit gainsand layer 1s such asAptos’ APT rising by over 300%. Some of the more bullish takes even predictbitcoin hitting $45,000 by Christmas.\nBut despite these data points indicating that crypto winter is thawing, VCs\' investment in digital asset and blockchain projects fell 90% in January,according to a recent CoinDesk report.\n"Over the past 18 months, VC investments into crypto reached a peak, with investments spread across the entire ecosystem. Diligence cycles were compressed to weeks and sometimes days during this time, with many investors shunned out of the round if they asked crypto startups follow-up diligence questions (this is partly why FTX was not properly diligenced),” Robert Le, a senior emerging technology analyst at Pitchbook, told CoinDesk in an email.\nLe said that during the past six months, there has been a significant slowdown in the speed at which VCs do deals, with the diligence cycle now taking months.\n“Capital is now concentrated into areas with business models and product market fit. There is also less appetite for pure token rounds, with many investors preferring equity," Le said.\nThroughout the 2020-22 bull market cycle, many observers found it almost comical how many projects of questionable merit, teams with negligible skills, and projects without a proper fit received a seemingly, never-ending bucket of funding.\nThe stats are sobering:CertiK saysthere was more than $3.7 billion in tokens stolen, scammed, or attacked in 2022; in 2021 there were over$2.8 billion in rug pulls, a term forteams absconding with investors’ tokens.\n“Investors were very willing to underwrite risk, bet on exploratory and niche products, and take an optimistic view of the space,” Nate George, venture capital co-lead at Cumberland, told CoinDesk.\nGeorge said that investors tolerated poorly constructed legal documents with extremely limited investor protections, just to get into the sector. In turn, throughout the 2021-22 cycle, funds employed a “scattershot approach” to investing with large collections of investors writing small checks demonstrating their low conviction to the project.\nEffectively everyone who wanted it got funding.\n“Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time, investors began to re-evaluate their focus on what constitutes product market fit, realizing that large token incentive programs rewarding user participation creates distorted traction metrics and overlooks user stickiness.”\nMoving into spring\nA lot must be going through investors’ minds at the moment. On one hand, there’s lots of data – in the form of bloody red losses on profit-and-loss statements – to show that a slower, high-conviction approach to investing is better for both the industry and the fund’s return.\nBut at the same time, this is the season of altcoins.SHIB is up nearly 50%this past month. Metaverse tokens,despite the questionable traction platforms like Decentraland have, are doing very well.\nData from CryptoRank shows that smaller, more nimble funds are making the triple-digit returns.\nAnd what are they investing in? Lesser-known protocols. The stuff that climbs fast and falls hard. Stuff that would be part of a “scattershot” portfolio.\nThat’s not to say that the largest funds aren’t doing well in the last month.\nCoinbase Ventures, which was very busy throughout 2022 with 121 closed deals, according to Pitchbook, has seen its token portfolio rise by 56% over the past month. Andreessen Horowitz (a16z) is around the same. Animoca Brands, which was rumored to be suffering from serious financial strife at the end of last year, has had its fortunes turn around in a big way.\nBut which thesis will win?\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Retail Sales (YoY/Jan)\n10:30 p.m. HKT/SGT(14:30 UTC)Japan Overall Household Spending (YoY/Dec)\n2:30 a.m. HKT/SGT(18:30 UTC)Reserve Bank of Australia Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $23K as US Adds 517K Jobs in January; Sam Bankman-Fried Is Negotiating Bail Conditions\nThe first U.S. jobs report of the year revealed that nonfarm payrolls grew by 517,000 in January, while the unemployment rate was little-changed at 3.4%. What does it mean for crypto? Wave Financial co-founder and CEO David Siemer joined the conversation. McMillan LLP partner Benjamin Bathgate, LevelField Financial CEO and Chairman Gene Grant II and Catawba Digital Economic Zone CEO Joseph McKinney also joined "First Mover."\nBitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due:The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.\nIndia Reveals IMF Is Working With G-20 for Crypto Regulations:Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country.\nJack Dorsey-Based Social Network Nostr\'s Damus App Banned From China App Store:A notification from Apple says Damus “includes content that is illegal in China.”\nBinance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX:The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage.\nIndonesia Delays Crypto-Stock Exchange Launch Again, This Time Until June, Report:The government, which is in the process of changing regulators for crypto, had initially planned to roll out the trading platform by end-2021.\nUPDATE (Feb. 6 15:25 UTC): Adds where Jerome Powell will be speaking Tuesday in the fourth paragraph.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin dipped below $23K earlier in the weekend and flattened on Sunday as investors await the next utterances from Federal Reserve Chairman Jerome Powell. Insights: If crypto continues to rebound, venture capital in blockchain projects is likely to rise. Will venture capitalists avoid their past investment mistakes in the blockchain space? Prices CoinDesk Market Index (CMI) 1,088 −14.6 ▼ 1.3% Bitcoin (BTC) $23,059 −208.2 ▼ 0.9% Ethereum (ETH) $1,639 −21.7 ▼ 1.3% S&P 500 4,136.48 −43.3 ▼ 1.0% Gold $1,880 +16.7 ▲ 0.9% Nikkei 225 27,509.46 +107.4 ▲ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Trades Flat as Investors Await Powell Speech, More Earnings By Sam Reynolds Major digital asset prices traded flat over the weekend, with bitcoin down 1.7% and ether in the red 2.3% over the weekend. After a mediocre start to earnings season, investors are thought to be looking ahead to Federal Reserve Chairman Jerome Powell’s speech before the Economic Club in Washington, D.C., scheduled for Tuesday afternoon, before making any big moves. FactSet data shows that less than 1% of the companies in the S&P 500 reported earnings that were above estimates. This is below the five-year average of 8.6%, and the 10-year average of 6.4%. "As a result, the earnings decline for the fourth quarter is larger today compared to the end of last week and compared to the end of the quarter," FactSet\'s senior earnings analyst John Butters wrote in a Friday market update . "If the index reports an actual decline in earnings for Q4 2022, it will mark the first year-over-year decline in earnings reported by the index since Q3 2020.” Speaking late last week on CoinDesk TV, David Siemer, CEO of accounting software provider Wave Financial, said that the market is giving mixed signals – strong job numbers, but mediocre earnings results – and he still expects a recession this year, albeit a weak one. Story continues “I am a little more optimistic that it won\'t be quite as severe a recession as in a great recession or major, major recession,” he said, pointing to the resilience of consumers. “The fact that the Fed\'s actions are having such a slow effect doesn\'t mean cumulatively they won\'t eventually have a major effect. We\'re probably still a quarter or two away from seeing what the Fed\'s actions have really actually done to the economy.” And what does this mean to crypto prices, looking forward? Joe DiPasquale, CEO of crypto fund manager BiBull Capital, wrote in a note to CoinDesk that crypto markets are “optimistic” after a modest rate increase and bitcoin will “oscillate around the $20K support level for the next few months, barring other unforeseen events and market action.” Meanwhile, the U.S. Dollar Index (DXY) is opening the Asia trading week at 103.12, staying in what many analysts call a “defensive” position. The measure of the world’s largest fiat asset spent most of last year surging, hitting stock and crypto prices hard. Year-to-date it’s down 1.4%. Biggest Gainers Asset Ticker Returns DACS Sector Cardano ADA +1.4% Smart Contract Platform Cosmos ATOM +1.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −5.0% Smart Contract Platform Terra LUNA −4.5% Smart Contract Platform Decentraland MANA −4.2% Entertainment Insights Can Crypto VCs Avoid the Mistakes of Last Year? By Sam Reynolds The last quarter of 2021 was the end of an unprecedented bull market that began the year before with COVID-included macroeconomic policy and finished with the Fed raising rates in 2022, and with a trio of collapses, most notably crypto exchange FTX and its trading arm Alameda Research. Venture capitalists enjoyed the ride on the way up, but certainly felt the pain on the way down in 2022 as cascading failures knocked the wind out of their portfolios. For the industry, the trillion-dollar question will be: Did VCs learn anything, and can they avoid repeating the mistakes of last year that severely dented their profits. VCs invested furiously as crypto prices rose but their methods often seemed slapdash. An upbeat January Bitcoin and many altcoin categories had a fantastic January, with the world’s largest digital asset rising 40% on-month , some metaverse tokens making triple-digit gains and layer 1s such as Aptos’ APT rising by over 300% . Some of the more bullish takes even predict bitcoin hitting $45,000 by Christmas . But despite these data points indicating that crypto winter is thawing, VCs\' investment in digital asset and blockchain projects fell 90% in January, according to a recent CoinDesk report . "Over the past 18 months, VC investments into crypto reached a peak, with investments spread across the entire ecosystem. Diligence cycles were compressed to weeks and sometimes days during this time, with many investors shunned out of the round if they asked crypto startups follow-up diligence questions (this is partly why FTX was not properly diligenced),” Robert Le, a senior emerging technology analyst at Pitchbook, told CoinDesk in an email. (PitchBook) Le said that during the past six months, there has been a significant slowdown in the speed at which VCs do deals, with the diligence cycle now taking months. “Capital is now concentrated into areas with business models and product market fit. There is also less appetite for pure token rounds, with many investors preferring equity," Le said. Throughout the 2020-22 bull market cycle, many observers found it almost comical how many projects of questionable merit, teams with negligible skills, and projects without a proper fit received a seemingly, never-ending bucket of funding. The stats are sobering: CertiK says there was more than $3.7 billion in tokens stolen, scammed, or attacked in 2022; in 2021 there were over $2.8 billion in rug pulls , a term for teams absconding with investors’ tokens . “Investors were very willing to underwrite risk, bet on exploratory and niche products, and take an optimistic view of the space,” Nate George, venture capital co-lead at Cumberland, told CoinDesk. George said that investors tolerated poorly constructed legal documents with extremely limited investor protections, just to get into the sector. In turn, throughout the 2021-22 cycle, funds employed a “scattershot approach” to investing with large collections of investors writing small checks demonstrating their low conviction to the project. Effectively everyone who wanted it got funding. “Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time, investors began to re-evaluate their focus on what constitutes product market fit, realizing that large token incentive programs rewarding user participation creates distorted traction metrics and overlooks user stickiness.” Moving into spring A lot must be going through investors’ minds at the moment. On one hand, there’s lots of data – in the form of bloody red losses on profit-and-loss statements – to show that a slower, high-conviction approach to investing is better for both the industry and the fund’s return. But at the same time, this is the season of altcoins. SHIB is up nearly 50% this past month. Metaverse tokens, despite the questionable traction platforms like Decentraland have , are doing very well. Data from CryptoRank shows that smaller, more nimble funds are making the triple-digit returns. (CryptoRank) And what are they investing in? Lesser-known protocols. The stuff that climbs fast and falls hard. Stuff that would be part of a “scattershot” portfolio. That’s not to say that the largest funds aren’t doing well in the last month. (CryptoRank) Coinbase Ventures, which was very busy throughout 2022 with 121 closed deals, according to Pitchbook, has seen its token portfolio rise by 56% over the past month. Andreessen Horowitz (a16z) is around the same. Animoca Brands, which was rumored to be suffering from serious financial strife at the end of last year, has had its fortunes turn around in a big way. But which thesis will win? Important events 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Retail Sales (YoY/Jan) 10:30 p.m. HKT/SGT(14:30 UTC) Japan Overall Household Spending (YoY/Dec) 2:30 a.m. HKT/SGT(18:30 UTC) Reserve Bank of Australia Interest Rate Decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $23K as US Adds 517K Jobs in January; Sam Bankman-Fried Is Negotiating Bail Conditions The first U.S. jobs report of the year revealed that nonfarm payrolls grew by 517,000 in January, while the unemployment rate was little-changed at 3.4%. What does it mean for crypto? Wave Financial co-founder and CEO David Siemer joined the conversation. McMillan LLP partner Benjamin Bathgate, LevelField Financial CEO and Chairman Gene Grant II and Catawba Digital Economic Zone CEO Joseph McKinney also joined "First Mover." Headlines Bitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due: The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021. India Reveals IMF Is Working With G-20 for Crypto Regulations: Ajay Seth, secretary, Department of Economic Affairs, said crypto assets are not illegal in the country. Jack Dorsey-Based Social Network Nostr\'s Damus App Banned From China App Store: A notification from Apple says Damus “includes content that is illegal in China.” Binance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX: The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage. Indonesia Delays Crypto-Stock Exchange Launch Again, This Time Until June, Report: The government, which is in the process of changing regulators for crypto, had initially planned to roll out the trading platform by end-2021. UPDATE (Feb. 6 15:25 UTC): Adds where Jerome Powell will be speaking Tuesday in the fourth paragraph.', 'By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption. Brent futures for April delivery rose $1.05, or 1.3%, to $80.99 a barrel, after trading between $79.10 and $81.25. West Texas Intermediate crude (WTI) gained 72 cents, or 1%, to $74.11 per barrel, after hitting a high of $74.41 and a low of $72.25. Prices were buoyed by prospects for China\'s recovery after the relaxation of COVID-19 restrictions. The International Energy Agency (IEA) expects half of this year\'s global oil demand growth to come from China, the agency\'s chief said on Sunday, adding that jet fuel demand was surging. Holding back gains however, Friday\'s blowout U.S. employment number raised expectations that the Federal Reserve\'s rate hikes will not end with a hard economic landing, and that the U.S. central bank may have more than one more rate increase left, which could curb economic growth and lower fuel demand. The dollar also rose to a three-week high against the euro on Monday. A stronger dollar typically reduces demand for dollar-denominated oil from buyers paying with other currencies. [USD/] "You\'ve got a strong dollar, you\'re in a generally risk-off environment," said Robert Yawger, executive director of energy futures at Mizuho. WTI and Brent had slid 3% last Friday after the strong U.S. jobs data. Supply concerns continued to affect markets as operations at Turkey\'s oil terminal in Ceyhan halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 6-8 while operators assess earthquake damage, a Turkish shipping agent said. However, a preliminary Reuters poll showed that U.S. crude oil stockpiles likely rose by about 2.2 million last week. Also, price caps on Russian products took effect on Sunday, with Group of Seven nations, the European Union and Australia agreeing on limits of $100 a barrel on diesel and other products that trade at a premium to crude and $45 a barrel for products that trade at a discount, such as fuel oil. (Reporting by Noah BrowningAdditional reporting by Sonali Paul in Melbourne and Emily Chow in SingaporeEditing by Marguerita Choy, David Goodman and Kevin Liffey)', 'By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption. Brent futures for April delivery rose $1.05, or 1.3%, to $80.99 a barrel, after trading between $79.10 and $81.25. West Texas Intermediate crude (WTI) gained 72 cents, or 1%, to $74.11 per barrel, after hitting a high of $74.41 and a low of $72.25. Prices were buoyed by prospects for China\'s recovery after the relaxation of COVID-19 restrictions. The International Energy Agency (IEA) expects half of this year\'s global oil demand growth to come from China, the agency\'s chief said on Sunday, adding that jet fuel demand was surging. Holding back gains however, Friday\'s blowout U.S. employment number raised expectations that the Federal Reserve\'s rate hikes will not end with a hard economic landing, and that the U.S. central bank may have more than one more rate increase left, which could curb economic growth and lower fuel demand. The dollar also rose to a three-week high against the euro on Monday. A stronger dollar typically reduces demand for dollar-denominated oil from buyers paying with other currencies. [USD/] "You\'ve got a strong dollar, you\'re in a generally risk-off environment," said Robert Yawger, executive director of energy futures at Mizuho. WTI and Brent had slid 3% last Friday after the strong U.S. jobs data. Supply concerns continued to affect markets as operations at Turkey\'s oil terminal in Ceyhan halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 6-8 while operators assess earthquake damage, a Turkish shipping agent said. However, a preliminary Reuters poll showed that U.S. crude oil stockpiles likely rose by about 2.2 million last week. Also, price caps on Russian products took effect on Sunday, with Group of Seven nations, the European Union and Australia agreeing on limits of $100 a barrel on diesel and other products that trade at a premium to crude and $45 a barrel for products that trade at a discount, such as fuel oil. (Reporting by Noah BrowningAdditional reporting by Sonali Paul in Melbourne and Emily Chow in SingaporeEditing by Marguerita Choy, David Goodman and Kevin Liffey)', 'By Arathy Somasekhar\nHOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption.\nBrent futures for April delivery rose $1.05, or 1.3%, to $80.99 a barrel, after trading between $79.10 and $81.25.\nWest Texas Intermediate crude (WTI) gained 72 cents, or 1%, to $74.11 per barrel, after hitting a high of $74.41 and a low of $72.25.\nPrices were buoyed by prospects for China\'s recovery after the relaxation of COVID-19 restrictions.\nThe International Energy Agency (IEA) expects half of this year\'s global oil demand growth to come from China, the agency\'s chief said on Sunday, adding that jet fuel demand was surging.\nHolding back gains however, Friday\'s blowout U.S. employment number raised expectations that the Federal Reserve\'s rate hikes will not end with a hard economic landing, and that the U.S. central bank may have more than one more rate increase left, which could curb economic growth and lower fuel demand.\nThe dollar also rose to a three-week high against the euro on Monday. A stronger dollar typically reduces demand for dollar-denominated oil from buyers paying with other currencies. [USD/]\n"You\'ve got a strong dollar, you\'re in a generally risk-off environment," said Robert Yawger, executive director of energy futures at Mizuho.\nWTI and Brent had slid 3% last Friday after the strong U.S. jobs data.\nSupply concerns continued to affect markets as operations at Turkey\'s oil terminal in Ceyhan halted after a major earthquake hit the region.\nThe BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 6-8 while operators assess earthquake damage, a Turkish shipping agent said.\nHowever, a preliminary Reuters poll showed that U.S. crude oil stockpiles likely rose by about 2.2 million last week.\nAlso, price caps on Russian products took effect on Sunday, with Group of Seven nations, the European Union and Australia agreeing on limits of $100 a barrel on diesel and other products that trade at a premium to crude and $45 a barrel for products that trade at a discount, such as fuel oil.\n(Reporting by Noah BrowningAdditional reporting by Sonali Paul in Melbourne and Emily Chow in SingaporeEditing by Marguerita Choy, David Goodman and Kevin Liffey)', 'By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption. Brent futures for April delivery rose $1.05, or 1.3%, to $80.99 a barrel, after trading between $79.10 and $81.25. West Texas Intermediate crude (WTI) gained 72 cents, or 1%, to $74.11 per barrel, after hitting a high of $74.41 and a low of $72.25. Prices were buoyed by prospects for China\'s recovery after the relaxation of COVID-19 restrictions. The International Energy Agency (IEA) expects half of this year\'s global oil demand growth to come from China, the agency\'s chief said on Sunday, adding that jet fuel demand was surging. Holding back gains however, Friday\'s blowout U.S. employment number raised expectations that the Federal Reserve\'s rate hikes will not end with a hard economic landing, and that the U.S. central bank may have more than one more rate increase left, which could curb economic growth and lower fuel demand. The dollar also rose to a three-week high against the euro on Monday. A stronger dollar typically reduces demand for dollar-denominated oil from buyers paying with other currencies. [USD/] "You\'ve got a strong dollar, you\'re in a generally risk-off environment," said Robert Yawger, executive director of energy futures at Mizuho. WTI and Brent had slid 3% last Friday after the strong U.S. jobs data. Supply concerns continued to affect markets as operations at Turkey\'s oil terminal in Ceyhan halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed on Feb. 6-8 while operators assess earthquake damage, a Turkish shipping agent said. However, a preliminary Reuters poll showed that U.S. crude oil stockpiles likely rose by about 2.2 million last week. Also, price caps on Russian products took effect on Sunday, with Group of Seven nations, the European Union and Australia agreeing on limits of $100 a barrel on diesel and other products that trade at a premium to crude and $45 a barrel for products that trade at a discount, such as fuel oil. (Reporting by Noah BrowningAdditional reporting by Sonali Paul in Melbourne and Emily Chow in SingaporeEditing by Marguerita Choy, David Goodman and Kevin Liffey)', 'Bitcoin traded below US$23,000 on Monday morning in Asia, tracking a decline in U.S. equities as unexpectedly strong job growth numbers on Friday raised concerns markets may face more interest rate hikes to slow the economy and inflation. Ether and all other top 10 non-stablecoin cryptocurrencies fell. Dogecoin and Polygon led the losers, while BNB had the smallest drop.\nSee related article:Binance re-enters S. Korea through GOPAX equity purchase: report\n• Bitcoin fell 1.6% to US$22,948 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses to 3.5% in the past seven days. Ether lost 2.1% to US$1,631 and is down 0.9% for the same week period, according todata from CoinMarketCap.\n• Dogecoin fell 3.8% to US$0.09, but was still trading up 2.1% for the past week. Polygon lost 3.8% to change hands at US$1.20, capping its weekly gain at 2.2%. BNB fell 0.8% to US$327.85, but was still trading 3.3% higher for the past week.\n• The crypto market capitalization fell 2% to US$1.07 trillion, with total trading volume up 27.4% to US$48.9 billion.\n• U.S. equities fell on Friday. The Dow Jones Industrial Average lost 0.4%, and the S&P 500 Index dropped 1%. The Nasdaq Composite Index closed the day down 1.6%, but ended the week 3.3% higher.\n• The U.S. Bureau of Labor Statistics data on Fridayrevealed that nonfarm payroll jobs in January jumped 517,000, much higher than the expected 185,000 and about double\xa0 the 260,000 recorded in December. The U.S. unemployment rate at 3.4% is now at its lowest since 1969.\n• The surge in jobscoupled with strong U.S. services industry data, also released Friday, are both signs of a robust economy, but investors seemed spooked by the numbers as signs of stubbornly high inflation that may prompt a stronger interest rate response from the U.S. Federal Reserve.\n• The U.S. Federal Reserve’s aggressive rate increases last year do seem to be having the desired effect on inflation. In December, the U.S. consumer price index rose 6.5% year-over-year, which was well off the 7.1% recorded in November and the largest monthly decline since April 2020.\n• U.S. Interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5% to bring inflation back down into a 2% range.\nSee related article:India working with IMF, FSB on crypto regulations, says economic affairs secretary', 'Bitcoin traded below US$23,000 on Monday morning in Asia, tracking a decline in U.S. equities as unexpectedly strong job growth numbers on Friday raised concerns markets may face more interest rate hikes to slow the economy and inflation. Ether and all other top 10 non-stablecoin cryptocurrencies fell. Dogecoin and Polygon led the losers, while BNB had the smallest drop.\nSee related article:Binance re-enters S. Korea through GOPAX equity purchase: report\n• Bitcoin fell 1.6% to US$22,948 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses to 3.5% in the past seven days. Ether lost 2.1% to US$1,631 and is down 0.9% for the same week period, according todata from CoinMarketCap.\n• Dogecoin fell 3.8% to US$0.09, but was still trading up 2.1% for the past week. Polygon lost 3.8% to change hands at US$1.20, capping its weekly gain at 2.2%. BNB fell 0.8% to US$327.85, but was still trading 3.3% higher for the past week.\n• The crypto market c
**Last 60 Days of Bitcoin's Closing Prices:**
[17233.47, 17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-06
**Financial & Commodity Data:**
- Gold Closing Price: $1866.20
- Crude Oil Closing Price: $74.11
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $444,017,409,712
- Hash Rate: 289509602.11744976
- Transaction Count: 301977.0
- Unique Addresses: 663760.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Its totally plausible for economists, investors, stock pundits, and others to have very different views about the economy and the stock markets outlook. But when it comes to the travel sector, I think its crystal clear that the space is continuing to boom. Therefore, I really think that its hard for investors to go wrong by buying travel stocks at this point. Delta (NYSE: DAL ) on Dec. 14 increased its fourth-quarter guidance in one very bullish sign for the travel sector. Moreover, its CEO, Ed Bastian, said, Demand for air travel remains robust as we exit the year, and Deltas momentum is building. Since, based on Bastians statement, its clear that the demand for air travel remains strong and appears to be accelerating, most American travel companies are going to be very successful for at least the medium term. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Also worth noting is an optimistic statement in August by the CEO of CWT , a company that coordinates business travel. Demand for business travel and meetings is back with a vengeance, of that there is absolutely no doubt, said Patrick Andersen, the CEO. And providing a succinct, witty endorsement of travel stocks earlier this month was CNBCs Jim Cramer, who said , The biggest theme is the rise of this life is too short mentality. People dont want to waste their time anymore. Ticker Company Price H Hyatt $111.82 BKNG Booking Holdings $2,402.34 MGM MGM $40.28 MTN Vail Resorts $254.26 AAL American Airlines $16.02 UBER Uber Technologies $29.93 EADSY Airbus $32.81 Hyatt ( H ) Hyatt Hotels (H) building with logo in front of shrubbery Source: EQRoy/Shutterstock.com Morgan Stanley, whose outlook on American stocks tends to be quite bearish, is nonetheless very upbeat on Hyatt (NYSE: H ). The investment bank is bullish on the entire hotel sector, as it noted that the spaces U.S. RevPAR (revenue per available room) was higher than in 2019 as of the end of last year. Meanwhile, Hyatts occupancy levels and prices have been climbing, Morgan Stanley reported. Story continues Partially driven by higher fees and capital returns to shareholders, Hyatts free cash flow per share and valuation will meaningfully increase, MS predicted last month. Moreover, Morgan Stanley expects the hotel operators 2023 EBITDA will come in around $1.3 billion. Finally, MS noted that the company intends to increase its total number of rooms by 5%
. over the next two years. Hyatt tends to cater to wealthier individuals, the vast majority of whom, in my opinion, have not been badly hurt by high inflation and rising interest rates. The shares have momentum, as they jumped 23% in the month that ended on Jan. 23. Booking Holdings (BKNG) a person opens up Booking.com on a smartphone Source: Denys Prykhodov / Shutterstock.com One of the worlds largest online travel agencies, Booking Holdings (NASDAQ: BKNG ), like Hyatt, has a great deal of positive momentum, as its shares climbed 20% in the month that ended on Jan. 23. Since it serves countries all over the world , BKNG can meaningfully benefit from Chinas reopening and the acceleration of economic growth thats currently occurring in Europe. In the U.S., BKNG has a 38% share of the online hotel booking market, leaving the company well-positioned to benefit from the strong rebound of business travel in America. On Dec. 29, investment bank Tigress Financial issued a bullish note on BKNG stock. According to the firm, the demand for travel will stay robust, and it thinks that the shares will get a massive lift from Chinas reopening. Tigress maintained a $3,210 price target and a strong-buy rating on the shares. BKNG has an attractive five-year forward PEG ratio of 0.54. MGM (MGM) A photo of the MGM logo on the MGM casino building. Source: Michael Neil Thomas / Shutterstock.com Ive long been bullish on MGMs (NYSE: MGM ) shares, which Ive also owned for many months. As reasons for my optimism on the name, Ive cited MGMs substantial leverage to Las Vegas powerful recovery, the excellent track record of Barry Diller, who has invested a great deal of money in the company, and the casino owners ability to benefit from the growth of sports betting through its joint venture, BetMGM. Financial research firm Hedgeye recently issued a bullish note on MGM, stating, We are becoming more positive on the LV Strip, The firm expects Vegas casinos to get a big lift from the return of business conferences to the city and the high number of consumers who are currently visiting the area. Also upbeat on MGM stock earlier this month was investment bank Stifel, which upgraded the shares to buy from hold. The firm predicts that the company will benefit from its robust database and its powerful loyalty program, as well as Las Vegas resurgence and the rejuvenation of the Chinese gambling center of Macau. Meanwhile, New York is looking to allow three casinos to open in the New York City area, and there are rumors that Texas, where I currently live, is going to legalize gambling soon. MGM could get a major foothold in the two markets, both of which are huge. Vail Resorts (MTN) A concept token for Medicalchain (MTN) on euros. Source: Shutterstock In a December column, I wrote that Vail Resorts (NYSE: MTN ) should benefit from its focus on middle class and wealthy consumers, along with generally strong..demand for skiing. That prediction appears to have been correct, as the company, on Jan. 18, reported that the number of visits to its North American destination mountain resorts and regional ski areas had increased 12.5% during the current skiing season versus the same period a year earlier. Moreover, its ski school revenue, its dining revenue, and its retail/rental revenue soared 35.6%, 58%, and 34.4%, respectively, year-over-year. Thus, it is among the best travel stocks to buy. Although the company said that Season-to-date destination guest visitation at [its] western U.S. resorts was below [its] expectations because of extreme weather that led to flight cancellations, I believe that the increases in the companys metrics were still very impressive. Moreover, the firm reported that a portion of those who had to cancel their visits to its resorts earlier this season would return later in the year. In the three months that ended on Jan. 23, MTN has climbed 16%, showing that it has positive momentum, and the shares have an attractive Enterprise Value/EBITDA ratio of 14. American Airlines ( AAL ) An American Airlines (AAL) airplane waiting on the tarmac. Represents airline stocks. Source: GagliardiPhotography / Shutterstock.com American Airlines (NASDAQ: AAL ) is benefiting from the boom of the airline sector described by Deltas CEO, whom I quoted in the introduction to this column. Earlier this month, AAL stated that its fourth-quarter revenue had jumped 16%-17% versus 2019 levels, up from its previous estimate of an 11%-13% gain. Even more impressively, the airline now expects its Q4 EPS to come in at $1.12-$1.17, versus its previous outlook of 50 cents to 70 cents and analysts previous average estimate of 58 cents. Meanwhile, American is well-positioned to take market share from Southwest (NYSE: LUV ) after the latter airlines recent debacle. Airlines have generally been performing very well recently, as, reporting data from Bank of America, Seeking Alpha reported that System net sales were up 14.6% above the pre-pandemic 2019 level for the week ending January 8 to continue the recent positive trends seen throughout the holiday periods. AAL stock has an attractive forward price-earnings ratio of 7.4. Thus, it is among the top travel stocks to buy. Uber Technologies ( UBER ) The Uber logo is displayed on a smartphone on top of a map background. Source: Proxima Studio / Shutterstock.com Given its strong leverage to the number of people flying and tourism, Uber (NYSE: UBER ) is well-positioned to benefit from the travel stocks boom in general and the current flying surge in particular. Additionally, the company, with its Uber Eats unit, is exploiting the food delivery trend, whose popularity has been surging in recent years. Indeed, analysts, on average, expect its sales to jump 16% this year to $36.85 billion, and their mean estimate calls for its per-share loss to narrow to just 25 cents this year from $4.87 in 2022. Their average price target on the name is $45.92, more than 50% above the stocks current level. Meanwhile, Goldman Sachs believes that Uber can exploit increased demand for the delivery of goods beyond food. And Uber is finally starting to dip its toe into the autonomous-driving pool, as the company has started to offer autonomous rides in Las Vegas and is poised to extend the service to Los Angeles. Of course, using autonomous vehicles rather than human drivers should save Uber a great deal of money, particularly as the companys use of self-driving cars expands around the U.S. and beyond. Trading at a price-sales ratio of just two, Ubers valuation is very attractive at this point. Airbus (EADSY) Like travel stocks such as Uber, Airbus (OTCMKTS: EADSY ), a huge Europe-based plane maker, is well-positioned to benefit from the airlines prosperity. In fact, Airbus, unlike its main competitor, Boeing (NYSE: BA ) (which has been beset by huge execution problems and was deep in the red for the 12 months that ended in September), is already very prosperous and profitable. In the 12 months that ended in September, Airbus net income came in at a staggering 4.15 billion euros. Moreover, in 2022, the European plane maker
delivered 661 planes and received orders for 1,078 planes, while Boeing delivered 479 jets and received orders for 774., TipRanks noted. And indicating that the overall demand for planes was quite strong in the fourth quarter, General Electric (NYSE: GE ) reported today that the orders of its Aerospace unit, which makes plane engines, had surged 20% last quarter versus the same period a year earlier. EADSY stock has a reasonable forward price-earnings ratio of 19 and a dividend yield sweetener of 1.25%. On the date of publication, Larry Ramer held long positions in MGM and GE. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israels largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesnt matter if you have $500 or $5 million. Do this now. Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air The post The 7 Best Travel Stocks to Buy for January appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['One of the best ways to make money in 2023 is by picking up red-hot bargain stocks in some of the hottest industries. Look at lithium stocks , like Albemarle (NYSE: ALB ), for example. After a disgusting year, the stock exploded from about $210 to $287 in recent weeks. All thanks to earnings, and the fact the supply-demand story isn’t going away. In fact, it’s only going to get worse, with global leaders demanding millions of electric vehicles. Or, look at Tesla (NASDAQ: TSLA ). It was crushed last year. However, with deliveries and earnings improving, it’s just starting to show big signs of life in the bargain bin. Over the last few weeks, TSLA ran from about $100 to $190. We’re seeing similar bargains with dozens of other green-related stocks, artificial intelligence, technology, you name it… Better, after one of the roughest years on record, there are plenty of bargain stocks to be found. Here are three. LAC Lithium Americas $24.32 PFE Pfizer $44.06 MARA Marathon Digital $7.07 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com I’ve mentioned Lithium Americas (NYSE: LAC ) many times. That’s because I believe it could be an Albemarle-type giant. For one, the pullback in LAC appears largely overdone. Two, the electric vehicle boom, coupled with supply-demand issues should keep lithium prices elevated. Three, the company has two high-quality assets, including its U.S. Thacker Pass mine, where the company expects to see an average EBITDA of $520 million. Lithium Americas also holds a 44.8% stake in an Argentinian asset, Cauchari-Olaroz, where the company expects to see an annual EBITDA of $308 million. Wanting to unlock even more value, Lithium Americas recently announced a split into two separate entities. That would include an Argentina-focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina; and a North America-focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada, and the Company’s North American investments. Story continues Pfizer (PFE) medicine research, pharmaceutical background, LJPC stock Source: Sisacorn / Shutterstock.com Pfizer (NYSE: PFE ) is another one of the top bargain stocks to consider. At the moment, PFE is sitting at support dating back to late 2022. It’s also wildly oversold on RSI, MACD, and Williams’ %R. And from a current price of $44.06, I believe it could easily run back to $54. For one, there’s the longstanding COVID-19 vaccine story. It’s not going away – at least not anytime soon. Two, at 10x forward earnings, with a yield of 3.73%, PFE is a bargain. Three, analysts are bullish on the stock. With a buy rating, and a $75 price target, Cantor Fitzgerald for example says the pipeline could surprise. Four, according to Pfizer CEO Albert Bourla , the company is preparing to launch several new products over the next 18 months. It’s also looking to go into China’s private market shortly.\xa0In addition, as noted by Barron’s, Pfizer “really wants to shift the discussion away from Covid and to the rest of its business. It projects that non-Covid revenue will rise 6% annually through 2025 and then increase at 6% or better each year through 2030, to at least $70 billion.” Marathon Digital (MARA) Concept art of crypto mining with little figuring and a Bitcoin token. Source: Shutterstock Marathon Digital (NASDAQ: MARA ) is one of the riskier ideas on this list. All because of its dependence on the price of Bitcoin ( BTC-USD ). If BTC can push higher, mining stocks, like Marathon Digital are sure to follow. And that’s because MARA revenue is tied to the value of BTC. The more valuable BTC becomes, the better the mining stocks will do. MARA, for example, just announced it produced 475 BTC in Dec. and a total of 1,562 BTC in Q4 2022. It also produced 4,144 BTC in 2022, a 30% year-over-year jump. As the value of BTC increases, so does the value of MARA’s mined coins. Also, as noted by Investorplace contributor Chris Markoch , “The hash rate (which is a metric used to measure the market value of mining or computer power will only increase as the number of Bitcoin to be mined dwindles. And with most analysts saying that it will take until approximately 2040 for the last of the current two million remaining Bitcoin to be mined, MARA stock looks like a winner for the next decade.” On the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Bargain Stocks to Snap Up Before the Crowd Gets Wise appeared first on InvestorPlace .', 'One of the best ways to make money in 2023 is by picking up red-hot bargain stocks in some of the hottest industries. Look atlithium stocks, likeAlbemarle(NYSE:ALB), for example. After a disgusting year, the stock exploded from about $210 to $287 in recent weeks. All thanks to earnings, and the fact the supply-demand story isn’t going away. In fact, it’s only going to get worse, with global leaders demanding millions of electric vehicles.\nOr, look atTesla(NASDAQ:TSLA). It was crushed last year. However, with deliveries and earnings improving, it’s just starting to show big signs of life in the bargain bin. Over the last few weeks, TSLA ran from about $100 to $190. We’re seeing similar bargains with dozens of other green-related stocks, artificial intelligence, technology, you name it… Better, after one of the roughest years on record, there are plenty of bargain stocks to be found. Here are three.\n[{"LAC": "PFE", "Lithium Americas": "Pfizer", "$24.32": "$44.06"}, {"LAC": "MARA", "Lithium Americas": "Marathon Digital", "$24.32": "$7.07"}]\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Wirestock Creators / Shutterstock.com\nI’ve mentionedLithium Americas(NYSE:LAC) many times. That’s because I believe it could be an Albemarle-type giant. For one, the pullback in LAC appears largely overdone. Two, the electric vehicle boom, coupled with supply-demand issues should keep lithium prices elevated.\nThree, the company has two high-quality assets, including its U.S. Thacker Pass mine, where the company expects to see an average EBITDA of $520 million. Lithium Americas also holds a 44.8% stake in an Argentinian asset, Cauchari-Olaroz, where the company expects to see an annual EBITDA of $308 million.\nWanting to unlock even more value, Lithium Americas recently announced a split into two separate entities. That would include an Argentina-focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina; and a North America-focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada, and the Company’s North American investments.\nSource: Sisacorn / Shutterstock.com\nPfizer(NYSE:PFE) is another one of the top bargain stocks to consider. At the moment, PFE is sitting at support dating back to late 2022. It’s also wildly oversold on RSI, MACD, and Williams’ %R. And from a current price of $44.06, I believe it could easily run back to $54. For one, there’s the longstanding COVID-19 vaccine story. It’s not going away – at least not anytime soon. Two, at 10x forward earnings, with a yield of 3.73%, PFE is a bargain. Three, analysts are bullish on the stock. With a buy rating, and a $75 price target, Cantor Fitzgerald for example says the pipeline could surprise.\nFour, according toPfizer CEO Albert Bourla, the company is preparing to launch several new products over the next 18 months. It’s also looking to go into China’s private market shortly.\xa0In addition, as noted by Barron’s, Pfizer “really wants to shift the discussion away from Covid and to the rest of its business. It projects that non-Covid revenue will rise 6% annually through 2025 and then increase at 6% or better each year through 2030, to at least $70 billion.”\nSource: Shutterstock\nMarathon Digital(NASDAQ:MARA) is one of the riskier ideas on this list. All because of its dependence on the price ofBitcoin(BTC-USD). If BTC can push higher, mining stocks, like Marathon Digital are sure to follow. And that’s because MARA revenue is tied to the value of BTC. The more valuable BTC becomes, the better the mining stocks will do.\nMARA, for example, just announced it produced 475 BTC in Dec. and a total of 1,562 BTC in Q4 2022. It also produced 4,144 BTC in 2022, a 30% year-over-year jump. As the value of BTC increases, so does the value of MARA’s mined coins.\nAlso, as noted byInvestorplace contributor Chris Markoch, “The hash rate (which is a metric used to measure the market value of mining or computer power will only increase as the number of Bitcoin to be mined dwindles. And with most analysts saying that it will take until approximately 2040 for the last of the current two million remaining Bitcoin to be mined, MARA stock looks like a winner for the next decade.”\nOn the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.comPublishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Bargain Stocks to Snap Up Before the Crowd Gets Wiseappeared first onInvestorPlace.', 'While commercials from crypto companies were a common sight during the NFL’s final game last year, Super Bowl LVII is shaping up to be an advertising desert for the digital asset industry.\nWhen the Los Angeles Rams took on the Cincinnati Bengals in Super Bowl LVI, the year’s biggest sports broadcast featured numerous advertisements from some of crypto’s biggest exchanges, including the now-bankrupt FTX as well as companies like Coinbase and Crypto.com.\nEtoro also advertised itself as a premier venue for trading stocks and crypto, its ad depicting a trader launching skyward after they signed up for the service. And a commercial from Budweiser paid homage to the Nouns DAO NFT collection, showcasing the project’s iconic glasses overlaying a classical painted portrait.\nSelect crypto companies shelled out millions of dollars to put their companies on display to the masses, hoping to stand out amid a budding industry. And Over 112 million viewers tuned in to watch football’s big game last year, according to theNFL.\nNotably, advertisements from FTX and Coinbase were accompanied by Bitcoin giveaways, and "Curb Your Enthusiasm" star Larry David was the central figure in FTX’s spot, which culminated in the comedian responding "Ehh..." when shown the exchange’s app.\nHere Are All the Bitcoin and Crypto Companies Airing a Super Bowl Ad\nEven though FTX didn’t trim its headcount prior to the exchange’s collapse, both Coinbase and Crypto.com slimmed their rosters as digital assets came under strain last summer following the implosion of the Terra ecosystem.\nAnd as layoffs began mounting across the industry, CEO of cryptocurrency exchange Binance Changpeng Zhao specifically referenced passing on ads for the Super Bowl as he said the company was still hiring in June.\nEven though crypto prices have drawn down drastically since Bitcoin clung to around $42,000 during the last Super Bowl, a couple of companies are poised to represent the digital assets space as the Kansas City Chiefs get ready to face off against the Philadelphia Eagles on Sunday.\nWeb3 company Limit Break is set to run an advertisement during the big game’s first commercial break, where it plans to give away thousands of its Dragon series NFTs to showcase the company’s free-to-own NFT model designed for gaming.\nThe interactive advertisement will feature a QR code that serves as part of viewers’ introduction to the DigiDaigaku universe, similar to how Coinbase’s ad from last year directed viewers to its website through a bouncing QR code reminiscent of the retro DVD logo. Hopefully, this website doesn’t crash.\nIn Canada, crypto exchange Bitbuy will return for the second year in a row, but the company is changing its tune. While the company said that its central focus last year was missed opportunities, this time it\'s basing its message around trust.\nTo get its point across, the company is doubling the length of its commercial, extending the ad to a full minute. It’s also swapping the NBA’s Kyle Lowry for Scottie Barnes, the league’s most recent Rookie of the Year.\nTurbotax will also again reference crypto in its upcoming commercial. Last year’s ad included a crypto trader as one of its prospective customers, and it will do so again this Super Bowl, this time with the addition of a Jason Sudeikis cameo.\nThe Crypto Ads That Made Waves in 2022\nThe executive vice president of ad sales for Fox Sports, Mark Evans, said that there will be no representation for crypto companies at the upcoming Super Bowl itself, according to theAssociated Press. Fox Sports did not immediately respond toDecrypt’s requests for comment.\nA spokesperson for Limit Break said that it’s possible the company’s spot was classified as a gaming advertisement, despite the firm being oriented around blockchain technology. Limit Break’s CEO Gabriel Leydon was previously the CEO of Machine Zone in 2016, when it sponsored an ad for its Mobile Strike game featuring Arnold Schwarzenegger.', 'While commercials from crypto companies were a common sight during the NFL’s final game last year, Super Bowl LVII is shaping up to be an advertising desert for the digital asset industry. When the Los Angeles Rams took on the Cincinnati Bengals in Super Bowl LVI, the year’s biggest sports broadcast featured numerous advertisements from some of crypto’s biggest exchanges, including the now-bankrupt FTX as well as companies like Coinbase and Crypto.com. Etoro also advertised itself as a premier venue for trading stocks and crypto, its ad depicting a trader launching skyward after they signed up for the service. And a commercial from Budweiser paid homage to the Nouns DAO NFT collection, showcasing the project’s iconic glasses overlaying a classical painted portrait. Select crypto companies shelled out millions of dollars to put their companies on display to the masses, hoping to stand out amid a budding industry. And Over 112 million viewers tuned in to watch football’s big game last year, according to the NFL . Notably, advertisements from FTX and Coinbase were accompanied by Bitcoin giveaways, and "Curb Your Enthusiasm" star Larry David was the central figure in FTX’s spot, which culminated in the comedian responding "Ehh..." when shown the exchange’s app. Here Are All the Bitcoin and Crypto Companies Airing a Super Bowl Ad Even though FTX didn’t trim its headcount prior to the exchange’s collapse, both Coinbase and Crypto.com slimmed their rosters as digital assets came under strain last summer following the implosion of the Terra ecosystem. And as layoffs began mounting across the industry, CEO of cryptocurrency exchange Binance Changpeng Zhao specifically referenced passing on ads for the Super Bowl as he said the company was still hiring in June. It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for #Binance . pic.twitter.com/n24nrUik8O — CZ 🔶 Binance (@cz_binance) June 15, 2022 Even though crypto prices have drawn down drastically since Bitcoin clung to around $42,000 during the last Super Bowl, a couple of companies are poised to represent the digital assets space as the Kansas City Chiefs get ready to face off against the Philadelphia Eagles on Sunday. Story continues Web3 company Limit Break is set to run an advertisement during the big game’s first commercial break, where it plans to give away thousands of its Dragon series NFTs to showcase the company’s free-to-own NFT model designed for gaming. The interactive advertisement will feature a QR code that serves as part of viewers’ introduction to the DigiDaigaku universe, similar to how Coinbase’s ad from last year directed viewers to its website through a bouncing QR code reminiscent of the retro DVD logo. Hopefully, this website doesn’t crash. Coinbase commercial. Crashed the app pic.twitter.com/grKaTmXUbW — Jason Palatsky (@JasonPalatsky) February 14, 2022 In Canada, crypto exchange Bitbuy will return for the second year in a row, but the company is changing its tune. While the company said that its central focus last year was missed opportunities, this time it\'s basing its message around trust. To get its point across, the company is doubling the length of its commercial, extending the ad to a full minute. It’s also swapping the NBA’s Kyle Lowry for Scottie Barnes, the league’s most recent Rookie of the Year. Turbotax will also again reference crypto in its upcoming commercial. Last year’s ad included a crypto trader as one of its prospective customers, and it will do so again this Super Bowl, this time with the addition of a Jason Sudeikis cameo. The Crypto Ads That Made Waves in 2022 The executive vice president of ad sales for Fox Sports, Mark Evans, said that there will be no representation for crypto companies at the upcoming Super Bowl itself, according to the Associated Press . Fox Sports did not immediately respond to Decrypt ’s requests for comment. A spokesperson for Limit Break said that it’s possible the company’s spot was classified as a gaming advertisement, despite the firm being oriented around blockchain technology. Limit Break’s CEO Gabriel Leydon was previously the CEO of Machine Zone in 2016, when it sponsored an ad for its Mobile Strike game featuring Arnold Schwarzenegger.', 'While technology offers some of the most compelling investment opportunities, there’s no need to pay full price if you don’t have to, thus driving the case for tech stock bargains. While you can always opt for the established entities, the securities on this list focus on the best deals available.\xa0To be sure, a clear distinction exists between merely cheap and a genuine discount. For this list of tech stock bargains, I filtered out entities based on their fiscal resilience; specifically, no enterprise on this list features an Altman Z-Score lower than 4. That way, investors can be reasonably assured of putting their money into relatively stable businesses. As well, all of these companies enjoy at least a consensus analyst rating of moderate buy. And none of them trade over the counter, providing greater reassurances. So, with that out of the way, let’s dive into the tech stock bargains to snatch up. WTT Wireless Telecom $1.89 CLBT Cellebrite $5.39 AOSL Alpha and Omega Semiconductor $36.06 CAN Canaan $3.34 SMCI Super Micro Computer $83.21 DQ Daqo New Energy $43.09 CPTN Cepton $1.26 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wireless Telecom (WTT) a concept image of telecommunications featuring several symbols connected over a city Source: Shutterstock Based in New Jersey, Wireless Telecom (NYSEAMERICAN: WTT ) is a global designer and manufacturer of advanced radio frequency, and microwave components, modules, systems, and instruments. Primarily, it serves the broader telecommunications industry. However, Wireless also plays an important role in the military and aerospace sectors. Thanks to robust performances since late September last year, WTT gained almost 6% in the trailing year. Currently, the market prices WTT at a trailing multiple of 7.31. In contrast, the sector median value stands at 18.16 times. As a discount to earnings, Wireless ranks better than 85% of the competition . In addition, the company benefits from a strong balance sheet. For example, its cash-to-debt ratio pings at 14 times, ranked above nearly 81% of industry players. Story continues To be fair, Gurufocus.com warns that WTT represents a possible value trap. However, the one analyst covering WTT remains undeterred, rating it a buy. As well, the expert’s price target hits $2.25, implying over 18% upside potential . Thus, it’s an intriguing take on tech stock bargains. Cellebrite (CLBT) A man examines a digital screen with different icons for software. Source: Shutterstock Based in Israel, Cellebrite (NASDAQ: CLBT ) represents the “…global leader in partnering with public and private organizations to transform how they manage Digital Intelligence in investigations to protect and save lives , accelerate justice, and ensure data privacy,” per its website. In the trailing year, CLBT dipped over 8%. However, in the year so far, shares gained almost 23%. Presently, the market prices CLBT at a trailing multiple of 6.76. For comparison, the underlying sector median value stands at nearly 27 times. As a discount to earnings, Cellebrite ranks better than over 94% of its peers . On the balance sheet, the company offers a stable profile. For instance, it has zero debt, affording the enterprise much flexibility. Moreover, its Altman Z-Score pings at 5.45, reflecting low bankruptcy risk. At the moment, Wall Street analysts peg Cellebrite as a consensus moderate buy . Further, their average price target stands at $7.25, implying nearly 31% upside potential. As well, sentiment among hedge funds rates as positive, making CLBT one of the tech stock bargains. Alpha and Omega Semiconductor (AOSL) AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks Source: Shutterstock Although not often discussed, Alpha and Omega Semiconductor (NASDAQ: AOSL ) represents one of the more enticing tech stock bargains. It’s a designer, developer, and global supplier of a broad range of power semiconductors. Because the company touches so many relevant economic cogs, AOSL deserves consideration just as a long-term investment. However, when focused specifically on tech stock bargains, Alpha and Omega really shines bright. Currently, the market prices AOSL at a trailing multiple of 2.32. In contrast, the sector median value stands at 18.48 times. As a discount to earnings, AOSL ranks higher than over 99% of its peers . In addition, AOSL trades hands at 1.37 times sales and 1.18 times book value. Both rate much lower than their respective median values. Now, only one analyst covers AOSL at the moment with a buy rating. However, this expert – David Williams of Benchmark Co. – sees an upside potential of over 34% . Just as well, hedge fund sentiment for shares rates as very positive. Thus, it’s an overlooked but viable name among tech stock bargains. Canaan (CAN) Bitcoin mining operation. Bitcoin mining farm. GREE stock. Source: Michal Bednarek / Shutterstock Before we dive into the blockchain mining enterprise Canaan (NASDAQ: CAN ), you should be aware that CAN stock is incredibly volatile. In fact, words do not exist to describe its wildness and unpredictability. Specifically, Canaan’s 60-month beta pings at 3.25. Considering that a beta of 1 indicates the volatility found in the benchmark equities index, a rating of over 3 just about tells you everything you need to know about Canaan. However, when narrowing the discussion about tech stock bargains, Canaan ranks among the best. In particular, the market prices CAN at a trailing multiple of 1.76. For comparison, the sector median value stands at 18.16 times. As a discount to earnings, Canaan ranks superior to nearly 99% of its peers . Conspicuously, Canaan features excellent strengths in the balance sheet, a rarity for a cryptocurrency-mining enterprise. Right now, its cash-to-debt ratio stands at a hearty 61.44 times.\xa0At the moment, only two analysts cover Canaan. However, they peg shares as a consensus moderate buy . In addition, their price target stands at $5, implying nearly 39% upside potential. Super Micro Computer (SMCI) software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity Source: Shutterstock Based in San Jose, California, Super Micro Computer (NASDAQ: SMCI ) is a provider of high-performance and high-efficiency servers, server management software, and storage systems for various markets, including enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing. In the trailing year, SMCI gained a staggering 121%. Given this incredible performance, a debate about its valuation erupted recently. Per Gurufocus.com’s proprietary calculations for fair market value (FMV), SMCI rates as significantly overvalued. Objectively, though, the market prices CAN at a trailing multiple of 8.02. In contrast, the sector median pings at 18.16. This ranks better than nearly 84% of the competition . At the moment, Wall Street analysts peg SMCI as a consensus moderate buy . Moreover, their average price target stands at $122, implying an upside potential of nearly 45%. Therefore, SMCI ranks among the tech stock bargains. Daqo New Energy (DQ) rows of solar panels, representing solar stocks Source: Love Silhouette / Shutterstock.com Based in China, Daqo New Energy (NYSE: DQ ) engages in the manufacture of monocrystalline silicon and polysilicon, primarily for use in solar photovoltaic systems. With so much emphasis placed on green initiatives like solar energy, DQ offers an intriguing idea among tech stock bargains. In the trailing year, DQ gained a very respectable 15%, especially considering the circumstances. Here, we also have another dispute about valuation implications. According to Gurufocus.com, DQ rates as a possible value trap based on its FMV calculations. Objectively, the market prices DQ at a trailing multiple of 2.05. For comparison, the sector median value is 18.48. As a discount to earnings, Daqo ranks better than over 99% of its peers. Notably, Daqo features zero debt, which should help its cause as one of the tech stock bargains. In addition, its operational stats (revenue and profitability) are simply outstanding.\xa0Currently, DQ features a consensus moderate buy rating . Moreover, the experts’ average price target of $65.50 implies an upside potential of nearly 51%. Cepton (CPTN) Autonomous self driving electric car using lidar change the lane and overtakes city vehicle Source: temp-64GTX / Shutterstock.com Rounding out this list of tech stock bargains is Cepton (NASDAQ: CPTN ). Headquartered in San Jose, California, Cepton provides state-of-the-art, intelligent, lidar-based solutions for a range of markets such as automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications. While Cepton appears scientifically relevant – and I’m sure it’s exactly that – CPTN represents a dangerously risky trade. For one thing, it’s only a bit below parity on a year-to-date basis, making it rather disappointing. What’s more, since its public market debut, CPTN dropped a stunning 86% in equity value. If you can handle the inherent volatility and unpredictability, CPTN trades hands at a trailing multiple of 5.95. In contrast, the sector median stands at nearly 27 times. As a discount to earnings, Cepton rates better than over 95% of its rivals. Despite the obvious risks of engaging CPTN, Wall Street analysts don’t seem too worried. Currently, they peg it as a consensus moderate buy . Also, their price target of $3.33 implies an upside potential of over 154%. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks. Read More:\xa0Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 7 Tech Stocks to Snatch Out of the Bargain Bin appeared first on InvestorPlace .', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:What\'s next for crypto prices? Traders are waiting for a speech by Federal Reserve Chair Jerome Powell before they make their next moves. In Japan, one digital assets company wants to build the market for NFT trading in yen.\nInsights:Digital asset financial services firm SBI is building a MetaMask competitor for yen-denominated NFT trading. Could the initiative aid Japan\'s Web 3 efforts?\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,076\n−12.9▼1.2%\nBitcoin (BTC)\n$22,807\n−251.1▼1.1%\nEthereum (ETH)\n$1,620\n−19.3▼1.2%\nS&P 500\n4,111.08\n−25.4▼0.6%\nGold\n$1,883\n+20.1▲1.1%\nNikkei 225\n27,693.65\n+184.2▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Traders Are Waiting on a Signal From the Fed\nMajor digital assets are trading flat as the Asia business day begins, with bitcoin down 1% on the day to $22,829 and ether also off 1% to $1,622.\nSingapore-based crypto trading fund QCP Capital said in a recent note that the performance of equities today and U.S. central bank Chair Jerome Powell’s speech will be its guide to the next leg in crypto.\n“Without a recession and >4% unemployment this year, it is extremely unlikely the Fed will cut rates, which means our view that the market’s pricing of cuts this year is too dovish still holds,” the fund wrote.\nQCP said its is looking to hear Powell\'s comments on whether he thinks the current market rally has “gotten out of hand.”\nDespite talk of a recession, and frequent headlines mentioning layoffs, the last two job markets reports show that the U.S. labor market is still hot.December’s numbersshow the U.S. added 223,000 jobs to payrolls, pushing the unemployment rate down to 3.5%, while recently released numbers from January show517,000 jobs being added. Both numbers defied expectations.\n“I think it\'s still going to be very hard to get to 2%,” Edward Moya, senior market analyst with Oanda, recently said on CoinDesk TV. “The Fed acknowledged, for the first time in this cycle, they said that the disinflation process has begun.”\nMoya highlighted the strong labor market in the U.S. and worldwide as an obstacle to driving down inflation with increased wages supported by a fundamentally strong market.\n“If we see further signs that some inflation abroad is becoming stickier than we thought, then there’s a risk of a decent sell-off across Wall Street that could drag down bitcoin,” he said.\nMoya says he’s looking at Treasury yields. There’s still a correlation between that and the price of bitcoin that remains intact – for now.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}]\nSBI\'s Metamask Competitor for Yen-Denominated NFT Trading\nJapan’s SBI, a digital assets financial services firm, recently announced it\'s launching a MetaMask-like wallet platform for non-fungible tokens (NFT) that’s only using the Japanese yen for trades on the SBINFT Market,CoinDesk Japan reports.\nJapan, with its world-renowned IP and universally recognized styles of art, is an emerging hub for NFTs. But the majority of transactions are done in U.S. dollars, not yen, which is something that SBI is looking to change.\nIn international trade dominated by fiat, the U.S. dollar, the world’s most liquid currency and the measure for most commodities’ pricing,ranks as the highest-traded global currency, with nearly 88% of global trade denominated in greenbacks. This is predictable, as the U.S. is the world’s largest economy and most of the globe’s trade has some sort of nexus to the country.\nCrypto, however, is tied to no nation. There’s no centralized economy behind it. Yet, at the same time the majority of the world’s digital asset transactions are denominated in USD.\n“Despite the shrinking U.S. portion of the world’s GDP, the dollar increasingly dominates, notably in the digital ecosystem,” Bloomberg analyst Mike McGlonewrote in an April 2021 note. “There appears to be little to stop the most consistent trends in crypto assets: rising trading volume and the proliferation of stablecoins tracking the dollar.”\nCase in point: Data from CoinGecko shows that there’s only around$87 million in 24-hour volumefor yen-denominated bitcoin trading pairs, and roughly$21.5 million for ether tradingin yen. There havebeen a few attemptsat developing a yen stablecoin, but they don’t seem to havegotten much traction.\nBut this comes as Japan fully embraces Web 3. AsCoinDesk’s Emily Parker reportedduring a recent trip to the country, crypto there seems to exist in a near parallel universe.Post-Mt. Goxrules have meant that FTX Japan assets areheld in third-party custody; lawmakers are working to propose a framework for decentralized autonomous organizations (DAO) and NFTs to the Diet, the nation’s legislature.\nThe next step of this embrace will be more crypto trading in yen. SBI’s Web 3 wallet might be what instigates things.\n4:30 p.m. HKT/SGT(8:30 UTC)Bank of Canada\'s Governor Macklem speech\n4:40 p.m. HKT/SGT(8:40 UTC)Fed Chair Powell\'s speech\n10:50 p.m. HKT/SGT(14:50 UTC)Japan\'s Current Account n.s.a. (Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFTX Asks Politicians Who Received Bankman-Fried Donations to Return Money; Bitcoin Rally Pauses\n"First Mover" was monitoring developments in Turkey, a major center of crypto adoption, that is now coping with devastation following a massive earthquake. Also, a look at crypto markets, the latest in the FTX bankruptcy court proceedings, and the sale of real estate via NFTs. Oanda Senior Market Analyst of The Americas Edward Moya, Murphy & McGonigle founder James Murphy and Sanjay Raghavan, Roofstock onChain Head of Web3 Initiatives joined the conversation.\nStarkWare Partnering With Chainlink for StarkNet Growth:The provider of blockchain scaling products will integrate the data provider’s price feeds.\nHow Bitcoin NFTs Might Accidentally Fix Bitcoin\'s Security Budget:Ordinal NFTs have rejuvenated Bitcoin’s transaction fee market. Will it prove useful?\nThe Rise of Crypto\'s Brand of Regenerative Finance:Call it a culture shift or an evolutionary process, why this group of crypto-natives is building "public goods" for the longterm rather than focusing on short term profits.\nBankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors, Source:The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said.\nHermès vs. MetaBirkins: The NFT Case That Could Have Major Trademark and Artistic Consequences:The trial between NFT artist Mason Rothschild and French luxury house Hermès came to a close on Monday after a year-long trademark battle over an NFT project inspired by the brand\'s famous handbag.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: What\'s next for crypto prices? Traders are waiting for a speech by Federal Reserve Chair Jerome Powell before they make their next moves. In Japan, one digital assets company wants to build the market for NFT trading in yen. Insights: Digital asset financial services firm SBI is building a MetaMask competitor for yen-denominated NFT trading. Could the initiative aid Japan\'s Web 3 efforts? Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,076 −12.9 ▼ 1.2% Bitcoin (BTC) $22,807 −251.1 ▼ 1.1% Ethereum (ETH) $1,620 −19.3 ▼ 1.2% S&P 500 4,111.08 −25.4 ▼ 0.6% Gold $1,883 +20.1 ▲ 1.1% Nikkei 225 27,693.65 +184.2 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Traders Are Waiting on a Signal From the Fed Major digital assets are trading flat as the Asia business day begins, with bitcoin down 1% on the day to $22,829 and ether also off 1% to $1,622. Singapore-based crypto trading fund QCP Capital said in a recent note that the performance of equities today and U.S. central bank Chair Jerome Powell’s speech will be its guide to the next leg in crypto. “Without a recession and >4% unemployment this year, it is extremely unlikely the Fed will cut rates, which means our view that the market’s pricing of cuts this year is too dovish still holds,” the fund wrote. QCP said its is looking to hear Powell\'s comments on whether he thinks the current market rally has “gotten out of hand.” Despite talk of a recession, and frequent headlines mentioning layoffs, the last two job markets reports show that the U.S. labor market is still hot. December’s numbers show the U.S. added 223,000 jobs to payrolls, pushing the unemployment rate down to 3.5%, while recently released numbers from January show 517,000 jobs being added . Both numbers defied expectations. Story continues “I think it\'s still going to be very hard to get to 2%,” Edward Moya, senior market analyst with Oanda, recently said on CoinDesk TV. “The Fed acknowledged, for the first time in this cycle, they said that the disinflation process has begun.” Moya highlighted the strong labor market in the U.S. and worldwide as an obstacle to driving down inflation with increased wages supported by a fundamentally strong market. “If we see further signs that some inflation abroad is becoming stickier than we thought, then there’s a risk of a decent sell-off across Wall Street that could drag down bitcoin,” he said. Moya says he’s looking at Treasury yields. There’s still a correlation between that and the price of bitcoin that remains intact – for now. Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Cardano ADA −4.3% Smart Contract Platform Gala GALA −4.2% Entertainment Solana SOL −4.0% Smart Contract Platform Insights SBI\'s Metamask Competitor for Yen-Denominated NFT Trading Japan’s SBI, a digital assets financial services firm, recently announced it\'s launching a MetaMask-like wallet platform for non-fungible tokens (NFT) that’s only using the Japanese yen for trades on the SBINFT Market, CoinDesk Japan reports . (Japan’s SBI) Japan, with its world-renowned IP and universally recognized styles of art, is an emerging hub for NFTs. But the majority of transactions are done in U.S. dollars, not yen, which is something that SBI is looking to change. In international trade dominated by fiat, the U.S. dollar, the world’s most liquid currency and the measure for most commodities’ pricing, ranks as the highest-traded global currency , with nearly 88% of global trade denominated in greenbacks. This is predictable, as the U.S. is the world’s largest economy and most of the globe’s trade has some sort of nexus to the country. Crypto, however, is tied to no nation. There’s no centralized economy behind it. Yet, at the same time the majority of the world’s digital asset transactions are denominated in USD. “Despite the shrinking U.S. portion of the world’s GDP, the dollar increasingly dominates, notably in the digital ecosystem,” Bloomberg analyst Mike McGlone wrote in an April 2021 note . “There appears to be little to stop the most consistent trends in crypto assets: rising trading volume and the proliferation of stablecoins tracking the dollar.” Case in point: Data from CoinGecko shows that there’s only around $87 million in 24-hour volume for yen-denominated bitcoin trading pairs, and roughly $21.5 million for ether trading in yen. There have been a few attempts at developing a yen stablecoin, but they don’t seem to have gotten much traction . But this comes as Japan fully embraces Web 3. As CoinDesk’s Emily Parker reported during a recent trip to the country, crypto there seems to exist in a near parallel universe. Post-Mt. Gox rules have meant that FTX Japan assets are held in third-party custody ; lawmakers are working to propose a framework for decentralized autonomous organizations (DAO) and NFTs to the Diet, the nation’s legislature. The next step of this embrace will be more crypto trading in yen. SBI’s Web 3 wallet might be what instigates things. Important events 4:30 p.m. HKT/SGT(8:30 UTC) Bank of Canada\'s Governor Macklem speech 4:40 p.m. HKT/SGT(8:40 UTC) Fed Chair Powell\'s speech 10:50 p.m. HKT/SGT(14:50 UTC) Japan\'s Current Account n.s.a. (Dec) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : FTX Asks Politicians Who Received Bankman-Fried Donations to Return Money; Bitcoin Rally Pauses "First Mover" was monitoring developments in Turkey, a major center of crypto adoption, that is now coping with devastation following a massive earthquake. Also, a look at crypto markets, the latest in the FTX bankruptcy court proceedings, and the sale of real estate via NFTs. Oanda Senior Market Analyst of The Americas Edward Moya, Murphy & McGonigle founder James Murphy and Sanjay Raghavan, Roofstock onChain Head of Web3 Initiatives joined the conversation. Headlines StarkWare Partnering With Chainlink for StarkNet Growth: The provider of blockchain scaling products will integrate the data provider’s price feeds. How Bitcoin NFTs Might Accidentally Fix Bitcoin\'s Security Budget: Ordinal NFTs have rejuvenated Bitcoin’s transaction fee market. Will it prove useful? The Rise of Crypto\'s Brand of Regenerative Finance: Call it a culture shift or an evolutionary process, why this group of crypto-natives is building "public goods" for the longterm rather than focusing on short term profits. Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors, Source : The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said. Hermès vs. MetaBirkins: The NFT Case That Could Have Major Trademark and Artistic Consequences: The trial between NFT artist Mason Rothschild and French luxury house Hermès came to a close on Monday after a year-long trademark battle over an NFT project inspired by the brand\'s famous handbag.', 'By Stephanie Kelly\nNEW YORK (Reuters) -Oil prices climbed more than 3% on Tuesday after the head of the U.S. central bank eased market concerns over interest rate hikes, while recovering demand in China also boosted prices.\nBrent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude futures rose $3.03, or 4.1%, to $77.14 per barrel.\nU.S. Federal Reserve Chair Jerome Powell said on Tuesday that very strong jobs data released last week simply affirmed that the central bank has some way to go on raising rates.\nWhile declining to say whether knowing about the vigor of the data would have affected last week\'s 25-basis-point rate rise, Powell told the Economic Club of Washington that the January jobs numbers show "why this will be a process that takes a significant period of time" when it comes to tightening monetary policy.\nThe U.S. dollar index fell after the data, raising oil prices. Interest rate hikes typically strengthen the dollar, which could make crude more expensive for non-U.S. buyers.\nForecasted stronger demand in China also lifted crude prices on Tuesday. The International Energy Agency expects half of this year\'s global oil demand growth to come from China, the agency\'s chief said on Sunday, adding that jet fuel demand was surging.\nSaudi Arabia, the world\'s top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid expectations of demand recovery, especially from China.\n"That seemed to send home the message that the China reopening is real, and if Saudi Arabia is not afraid to raise prices on oil then that means demand is pretty good," said Phil Flynn, analyst at Price Futures Group.\nIn Turkey, operations at a 1-million-barrel-per-day (bpd) oil export terminal in Ceyhan were halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed through Wednesday.\nIraqi crude oil loadings from storage in Ceyhan were ready for resumption on Tuesday, but bad weather was preventing vessels from berthing, a trade source said. Iraq\'s crude oil pipeline to Turkey\'s Ceyhan port was still halted, the Kurdistan Regional Government\'s energy ministry said.\nThe shutdown of the 535,000-bpd Phase 1 part of the Johan Sverdrup oilfield in Norway\'s area of the North Sea also boosted prices.\nBP on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised spending plans but scaled back ambitions to reduce oil and gas output by 2030.\nIn the United States, U.S. crude production will rise in 2023 while demand will stay flat, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.\n(Reporting by Stephanie Kelly in New York; additional reporting by Ahmad Ghaddar in London and Sudarshan Varadhan in Singapore; Editing by Mark Potter, Louise Heavens, Sharon Singleton, Will Dunham and Paul Simao)', 'By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed more than 3% on Tuesday after the head of the U.S. central bank eased market concerns over interest rate hikes, while recovering demand in China also boosted prices. Brent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude futures rose $3.03, or 4.1%, to $77.14 per barrel. U.S. Federal Reserve Chair Jerome Powell said on Tuesday that very strong jobs data released last week simply affirmed that the central bank has some way to go on raising rates. While declining to say whether knowing about the vigor of the data would have affected last week\'s 25-basis-point rate rise, Powell told the Economic Club of Washington that the January jobs numbers show "why this will be a process that takes a significant period of time" when it comes to tightening monetary policy. The U.S. dollar index fell after the data, raising oil prices. Interest rate hikes typically strengthen the dollar, which could make crude more expensive for non-U.S. buyers. Forecasted stronger demand in China also lifted crude prices on Tuesday. The International Energy Agency expects half of this year\'s global oil demand growth to come from China, the agency\'s chief said on Sunday, adding that jet fuel demand was surging. Saudi Arabia, the world\'s top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid expectations of demand recovery, especially from China. "That seemed to send home the message that the China reopening is real, and if Saudi Arabia is not afraid to raise prices on oil then that means demand is pretty good," said Phil Flynn, analyst at Price Futures Group. In Turkey, operations at a 1-million-barrel-per-day (bpd) oil export terminal in Ceyhan were halted after a major earthquake hit the region. The BTC terminal, which exports Azeri crude oil to international markets, will be closed through Wednesday. Story continues Iraqi crude oil loadings from storage in Ceyhan were ready for resumption on Tuesday, but bad weather was preventing vessels from berthing, a tra
**Last 60 Days of Bitcoin's Closing Prices:**
[17133.15, 17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-07
**Financial & Commodity Data:**
- Gold Closing Price: $1871.70
- Crude Oil Closing Price: $77.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $441,740,306,025
- Hash Rate: 277772726.3559315
- Transaction Count: 300429.0
- Unique Addresses: 688379.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Executives of bankrupt crypto lender BlockFi haven't withdrawn any of their own cryptocurrencies locked up in the platform since October, a lawyer for the company told a U.S. Bankruptcy Court for the District of New Jersey on Monday, contrasting it to fellow bankrupt crypto lender Celsius Network. BlockFi filed for bankruptcy in November shortly after the collapse of crypto exchange FTX. "I think the important takeaway here is that there was no situation where insiders were pulling money off the platform on the eve of or anywhere near this bankruptcy file ... So this is not the Celsius case where management extracted value on the eve of the file," Joshua Sussberg, a partner at law firm Kirkland & Ellis and representative for BlockFi, said during the second hearing in BlockFi's Chapter 11 bankruptcy proceedings. Kirkland & Ellis also represents Celsius in that firm's bankruptcy. Sussberg said BlockFi plans to file its assets and liabilities, along with a statement of financial affairs on Wednesday, which BlockFi later confirmed on Twitter. Shortly after the first hearing in November, the company kicked off a sale process and has reached out to "106 domestic and international potential buyers for some or all of the business," Sussberg's presentation said. The company plans to ask for court approval of bidding procedures at a Jan. 30 hearing. Sussberg also pointed to around $15 million in withdrawals by five members of the management team, including $6 million by CEO Zac Prince, that were categorized as "litigation settlement payment" or tax payments routed through executives. No member of the BlockFi management team withdrew any cryptocurrency from the platform after Oct. 14, and no member made a withdrawal greater than 0.2 bitcoin ( BTC ) in value after Aug. 17, Sussberg said during the hearing. U.S. Bankruptcy Judge Michael B. Kaplan also denied a motion by BlockFi, requesting the turnover of Robinhood Markets (HOOD) shares that FTX had pledged to BlockFi as collateral for a loan . “At this juncture, it's clear that this court is not in a position to enter any turnover order of any type. The shares are being held by the government pursuant to a warrant of seizure, and the government is not a party to the pending adversary proceeding,” Kaplan said during the hearing before denying the motion. Read more: Bankrupt Crypto Lender BlockFi Looks to Restart Certain Customer Withdrawals View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['A group of senators is joining together to form a caucus devoted to working out issues related to the Colorado River. Meanwhile, BP is scaling back its 2030 climate goal, while the EU is considering a ban on \x93forever chemicals.\x94 This is Energy & Environment , your source for the latest news focused on energy, the environment and beyond. For The Hill, we\x92re Rachel Frazin and Zack Budryk. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Bipartisan lawmakers join over Western water issues As Colorado River basin states struggle to come to an agreement over proposed cutbacks to water consumption, a bipartisan group of U.S. lawmakers is pushing to evaluate the issue. An informal group launched by Sen. John Hickenlooper (D-Colo.) has now expanded to include senators representing the seven Colorado River basin states: California, Arizona, Nevada, New Mexico, Utah, Colorado and Wyoming. Details about the caucus were first reported by CNN on Tuesday but later confirmed to The Hill by a spokesperson for Hickenlooper. The Colorado senator expressed support for a partnership between the Senate and the states, telling CNN that \x93there might be additional resources that are needed to really solve this.\x94 While talks have just begun, some senators are looking at how they might harness additional financing for water users who could soon face significant reductions. Another key goal of the new Senate caucus involves helping alleviate tensions between California and the other Colorado River states. Read more here, from The Hill\x92s Sharon Udasin. BP cuts back 2030 climate target Oil giant BP is scaling back its plans to cut emissions by reducing its oil and gas production by 2030, the company said Tuesday. In announcing 2022 profit of nearly $27.7 billion,\xa0the company said it would now try to reduce the emissions from its products by 20 to 30 percent by 2030. Story continues That\x92s less ambitious than a goal set by the company in 2020 to slash the emissions of its products by 35 to 40\xa0percent by the end of the decade. The company also said it plans to grow its oil and gas production for at least a few more years \x97 to 2025. Emissions from the burning of fossil fuels, including oil and gas as well as coal, are the main drivers of climate change. BP still says it plans to reach net-zero emissions from its products by 2050. Asked about the move to scale back the 2030 goal, a BP spokesperson pointed to the fact that the company is also increasing its investment in biofuel, renewable energy, hydrogen energy and electric vehicle charging. Read more about the target here. EU EYES PFAS BAN The European Union is proposing a ban on the use of a group of common toxic chemicals known as PFAS. Types of PFAS, or per- and polyfluoroalkyl substances, have been linked to a range of illnesses including kidney and testicular cancer, as well as thyroid and immune system problems. They are sometimes called \x93forever chemicals\x94 because they can linger in the human body and the environment. They are used in a variety of waterproof and nonstick products including pans, raincoats and cosmetics. The EU\x92s proposal would take effect 18 months after its passage, but would take longer for some products. There would also be an unlimited time exception for some \x93exceptional cases.\x94 Despite the exceptions, the EU\x92s proposal goes beyond actions taken by the U.S., which doesn\x92t have federal limits on the products. The state of Maine has approved a ban on PFAS products that will take effect in 2030. Read more about the EU proposal here. Climate change contributing to spread of \x91superbugs\x92 Climate change is heightening the risk posed by antibiotic-resistant viruses, according to research published Tuesday by the United Nations Environment Program. The report found so-called superbugs have been exacerbated by climate change due to increased bacterial growth caused by warmer temperatures and pollutants that have increased the spread of antibiotic-resistance genes. The analysis notes that overuse of antimicrobials and pollutants can spread resistance, while contact with resistant microorganisms can create resistance in bacteria already present in air, water and soil. Pollution associated with wastewater, particularly from hospitals, is a major factor, as well as runoff from pharmaceutical production and agriculture, according to the report. The risk is particularly great for historically polluted waterways, which are more likely to provide shelter for microorganisms that foster antibiotic resistance. A combination of increased pollution and decreased resources for pollutant management has made the problem worse in combination with resistance in health care and agriculture settings. Read more about the research here. ON TAP TONIGHT President Biden will deliver his State of the Union Address. ON TAP TOMORROW The House Natural Resources Committee will hold a hearing titled \x93Unleashing America\x92s Energy and Mineral Potential\x94 The House Transportation and Infrastructure Committee will hold a hearing on impacts of the Waters of the United States rule WHAT WE\x92RE READING Heat pumps are defying Maine\x92s winters and oil industry pushback ( The Washington Post ) Biden administration acknowledges it can force Bitcoin mines to disclose pollution ( The Verge ) An \x91inland tsunami\x92: 15 million people are at risk from catastrophic glacial lake outbursts, researchers find ( CNN ) The U.N. Secretary-General\x92s Searing Message for the Fossil-Fuel Industry ( The New Yorker ) Cold Snap Pushed New England to Burn More Diesel for Power ( The Wall Street Journal ) ICYMI California oil drilling restrictions make ballot initiative after lobbying Newsom calls for federal probe into soaring natural gas prices That\x92s it for today, thanks for reading. Check out The Hill\x92s Energy & Environment page for the latest news and coverage. We\x92ll see you tomorrow. For the latest news, weather, sports, and streaming video, head to The Hill.', 'A group of senators is joining together to form a caucus devoted to working out issues related to the Colorado River. Meanwhile, BP is scaling back its 2030 climate goal, while the EU is considering a ban on \x93forever chemicals.\x94 This is Energy & Environment , your source for the latest news focused on energy, the environment and beyond. For The Hill, we\x92re Rachel Frazin and Zack Budryk. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Bipartisan lawmakers join over Western water issues As Colorado River basin states struggle to come to an agreement over proposed cutbacks to water consumption, a bipartisan group of U.S. lawmakers is pushing to evaluate the issue. An informal group launched by Sen. John Hickenlooper (D-Colo.) has now expanded to include senators representing the seven Colorado River basin states: California, Arizona, Nevada, New Mexico, Utah, Colorado and Wyoming. Details about the caucus were first reported by CNN on Tuesday but later confirmed to The Hill by a spokesperson for Hickenlooper. The Colorado senator expressed support for a partnership between the Senate and the states, telling CNN that \x93there might be additional resources that are needed to really solve this.\x94 While talks have just begun, some senators are looking at how they might harness additional financing for water users who could soon face significant reductions. Another key goal of the new Senate caucus involves helping alleviate tensions between California and the other Colorado River states. Read more here, from The Hill\x92s Sharon Udasin. BP cuts back 2030 climate target Oil giant BP is scaling back its plans to cut emissions by reducing its oil and gas production by 2030, the company said Tuesday. In announcing 2022 profit of nearly $27.7 billion,\xa0the company said it would now try to reduce the emissions from its products by 20 to 30 percent by 2030. Story continues That\x92s less ambitious than a goal set by the company in 2020 to slash the emissions of its products by 35 to 40\xa0percent by the end of the decade. The company also said it plans to grow its oil and gas production for at least a few more years \x97 to 2025. Emissions from the burning of fossil fuels, including oil and gas as well as coal, are the main drivers of climate change. BP still says it plans to reach net-zero emissions from its products by 2050. Asked about the move to scale back the 2030 goal, a BP spokesperson pointed to the fact that the company is also increasing its investment in biofuel, renewable energy, hydrogen energy and electric vehicle charging. Read more about the target here. EU EYES PFAS BAN The European Union is proposing a ban on the use of a group of common toxic chemicals known as PFAS. Types of PFAS, or per- and polyfluoroalkyl substances, have been linked to a range of illnesses including kidney and testicular cancer, as well as thyroid and immune system problems. They are sometimes called \x93forever chemicals\x94 because they can linger in the human body and the environment. They are used in a variety of waterproof and nonstick products including pans, raincoats and cosmetics. The EU\x92s proposal would take effect 18 months after its passage, but would take longer for some products. There would also be an unlimited time exception for some \x93exceptional cases.\x94 Despite the exceptions, the EU\x92s proposal goes beyond actions taken by the U.S., which doesn\x92t have federal limits on the products. The state of Maine has approved a ban on PFAS products that will take effect in 2030. Read more about the EU proposal here. Climate change contributing to spread of \x91superbugs\x92 Climate change is heightening the risk posed by antibiotic-resistant viruses, according to research published Tuesday by the United Nations Environment Program. The report found so-called superbugs have been exacerbated by climate change due to increased bacterial growth caused by warmer temperatures and pollutants that have increased the spread of antibiotic-resistance genes. The analysis notes that overuse of antimicrobials and pollutants can spread resistance, while contact with resistant microorganisms can create resistance in bacteria already present in air, water and soil. Pollution associated with wastewater, particularly from hospitals, is a major factor, as well as runoff from pharmaceutical production and agriculture, according to the report. The risk is particularly great for historically polluted waterways, which are more likely to provide shelter for microorganisms that foster antibiotic resistance. A combination of increased pollution and decreased resources for pollutant management has made the problem worse in combination with resistance in health care and agriculture settings. Read more about the research here. ON TAP TONIGHT President Biden will deliver his State of the Union Address. ON TAP TOMORROW The House Natural Resources Committee will hold a hearing titled \x93Unleashing America\x92s Energy and Mineral Potential\x94 The House Transportation and Infrastructure Committee will hold a hearing on impacts of the Waters of the United States rule WHAT WE\x92RE READING Heat pumps are defying Maine\x92s winters and oil industry pushback ( The Washington Post ) Biden administration acknowledges it can force Bitcoin mines to disclose pollution ( The Verge ) An \x91inland tsunami\x92: 15 million people are at risk from catastrophic glacial lake outbursts, researchers find ( CNN ) The U.N. Secretary-General\x92s Searing Message for the Fossil-Fuel Industry ( The New Yorker ) Cold Snap Pushed New England to Burn More Diesel for Power ( The Wall Street Journal ) ICYMI California oil drilling restrictions make ballot initiative after lobbying Newsom calls for federal probe into soaring natural gas prices That\x92s it for today, thanks for reading. Check out The Hill\x92s Energy & Environment page for the latest news and coverage. We\x92ll see you tomorrow. For the latest news, weather, sports, and streaming video, head to The Hill.', 'Bitcoin traded back above US$23,000 on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell overnight said the “disinflationary process” has started in the economy. The comments helped push U.S. equity markets higher as well as Ether and other top 10 non-stablecoin cryptocurrencies. Powell said further interest rate rises may be necessary, but the markets read his comments as indicating the surge in rates last year won’t repeat in 2023. Polkadot had the biggest jump, closely followed by Polygon.\nSee related article:DCG to sell Grayscale holdings at a discount to pay creditors: report\n• Bitcoin rose 2.2% to US$23,259 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains over the last seven days to 0.5%. Ether rose 3.4% to US$1,671 and is up 5.4% for the same week period, according todata from CoinMarketCap.\n• Polkadot rose 6.8% to US$6.94 for a weekly gain of 10.8%. Polygon rose 6.6% to US$1.27, adding 14.2% for the week.\n• The Shiba Inu memecoin rose a less robust 1.9% to trade at US$0.00001439, but the Dogecoin copy-cat token has had a strong week and is up 21.78% over the past seven days.\n• The crypto market capitalization rose 1.8% to US$1.08 trillion, with total trading volume rising 25.4% to US$60.2 billion.\n• U.S. equities finished higher on Tuesday. The S&P 500 Index gained 1.3%, the Nasdaq Composite Index rose 1.9%, and the Dow Jones Industrial Average closed up 0.8%, breaking a two-day losing streak.\n• It was a volatile day of trading though markets finished near session highs followingPowell’s comments on inflationand interest rates during an interview at the Economic Club of Washington.\n• “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector, which is about a quarter of our economy,” said Powell. “But it has a long way to go. These are the very early stages.”\n• Powell madesimilar comments on inflationlast Wednesday when he announced the Fed was raising interest rates by 25 basis-points. Since then, however, surprisingly strong jobs figures released last Friday caused some investors to second guess this assessment, rocking crypto and equity markets in the past few days.\n• The U.S. Bureau of Labor Statistics data on Friday revealed that nonfarm payroll jobs in January jumped 517,000, much higher than the expected 185,000 and about double the 260,000 recorded in December.\n• Powell said the central bank will continue to monitor economic data and warned that interest rates may still need to be raised higher than what markets have priced in.\n• Analysts at the CME Group predicta more than 90% chance that the Fed will raise interest rates by a further 25 basis points at its next meeting in March. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%.\n• U.S. President Joe Biden will deliverhis annual State of the Union address at 9 p.m. Eastern Time on Tuesday, where he is expected to announce several new policy proposals, including quadrupling the tax on stock buybacks, imposing a billionaire minimum tax, and expanding housing aid for low-income veterans.\n• With the U.S. House of Representatives under the control of the Republican party following November’s mid-term elections, it will prove difficult for the Democratic President to achieve these policy goals.\nSee related article:Gemini agrees to put US$100 mln to Earn asset recovery efforts', 'Bitcoin traded back above US$23,000 on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell overnight said the “disinflationary process” has started in the economy. The comments helped push U.S. equity markets higher as well as Ether and other top 10 non-stablecoin cryptocurrencies. Powell said further interest rate rises may be necessary, but the markets read his comments as indicating the surge in rates last year won’t repeat in 2023. Polkadot had the biggest jump, closely followed by Polygon. See related article: DCG to sell Grayscale holdings at a discount to pay creditors: report Fast facts Bitcoin rose 2.2% to US$23,259 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains over the last seven days to 0.5%. Ether rose 3.4% to US$1,671 and is up 5.4% for the same week period, according to data from CoinMarketCap . Polkadot rose 6.8% to US$6.94 for a weekly gain of 10.8%. Polygon rose 6.6% to US$1.27, adding 14.2% for the week. The Shiba Inu memecoin rose a less robust 1.9% to trade at US$0.00001439, but the Dogecoin copy-cat token has had a strong week and is up 21.78% over the past seven days. The crypto market capitalization rose 1.8% to US$1.08 trillion, with total trading volume rising 25.4% to US$60.2 billion. U.S. equities finished higher on Tuesday. The S&P 500 Index gained 1.3%, the Nasdaq Composite Index rose 1.9%, and the Dow Jones Industrial Average closed up 0.8%, breaking a two-day losing streak. It was a volatile day of trading though markets finished near session highs following Powell’s comments on inflation and interest rates during an interview at the Economic Club of Washington. “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector, which is about a quarter of our economy,” said Powell. “But it has a long way to go. These are the very early stages.” Powell made similar comments on inflation last Wednesday when he announced the Fed was raising interest rates by 25 basis-points. Since then, however, surprisingly strong jobs figures released last Friday caused some investors to second guess this assessment, rocking crypto and equity markets in the past few days. The U.S. Bureau of Labor Statistics data on Friday revealed that nonfarm payroll jobs in January jumped 517,000, much higher than the expected 185,000 and about double the 260,000 recorded in December. Powell said the central bank will continue to monitor economic data and warned that interest rates may still need to be raised higher than what markets have priced in. Analysts at the CME Group predict a more than 90% chance that the Fed will raise interest rates by a further 25 basis points at its next meeting in March. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%. U.S. President Joe Biden will deliver his annual State of the Union address at 9 p.m. Eastern Time on Tuesday, where he is expected to announce several new policy proposals, including quadrupling the tax on stock buybacks, imposing a billionaire minimum tax, and expanding housing aid for low-income veterans. With the U.S. House of Representatives under the control of the Republican party following November’s mid-term elections, it will prove difficult for the Democratic President to achieve these policy goals. See related article: Gemini agrees to put US$100 mln to Earn asset recovery efforts', 'Bitcoin traded back above US$23,000 on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell overnight said the “disinflationary process” has started in the economy. The comments helped push U.S. equity markets higher as well as Ether and other top 10 non-stablecoin cryptocurrencies. Powell said further interest rate rises may be necessary, but the markets read his comments as indicating the surge in rates last year won’t repeat in 2023. Polkadot had the biggest jump, closely followed by Polygon.\nSee related article:DCG to sell Grayscale holdings at a discount to pay creditors: report\n• Bitcoin rose 2.2% to US$23,259 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains over the last seven days to 0.5%. Ether rose 3.4% to US$1,671 and is up 5.4% for the same week period, according todata from CoinMarketCap.\n• Polkadot rose 6.8% to US$6.94 for a weekly gain of 10.8%. Polygon rose 6.6% to US$1.27, adding 14.2% for the week.\n• The Shiba Inu memecoin rose a less robust 1.9% to trade at US$0.00001439, but the Dogecoin copy-cat token has had a strong week and is up 21.78% over the past seven days.\n• The crypto market capitalization rose 1.8% to US$1.08 trillion, with total trading volume rising 25.4% to US$60.2 billion.\n• U.S. equities finished higher on Tuesday. The S&P 500 Index gained 1.3%, the Nasdaq Composite Index rose 1.9%, and the Dow Jones Industrial Average closed up 0.8%, breaking a two-day losing streak.\n• It was a volatile day of trading though markets finished near session highs followingPowell’s comments on inflationand interest rates during an interview at the Economic Club of Washington.\n• “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector, which is about a quarter of our economy,” said Powell. “But it has a long way to go. These are the very early stages.”\n• Powell madesimilar comments on inflationlast Wednesday when he announced the Fed was raising interest rates by 25 basis-points. Since then, however, surprisingly strong jobs figures released last Friday caused some investors to second guess this assessment, rocking crypto and equity markets in the past few days.\n• The U.S. Bureau of Labor Statistics data on Friday revealed that nonfarm payroll jobs in January jumped 517,000, much higher than the expected 185,000 and about double the 260,000 recorded in December.\n• Powell said the central bank will continue to monitor economic data and warned that interest rates may still need to be raised higher than what markets have priced in.\n• Analysts at the CME Group predicta more than 90% chance that the Fed will raise interest rates by a further 25 basis points at its next meeting in March. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%.\n• U.S. President Joe Biden will deliverhis annual State of the Union address at 9 p.m. Eastern Time on Tuesday, where he is expected to announce several new policy proposals, including quadrupling the tax on stock buybacks, imposing a billionaire minimum tax, and expanding housing aid for low-income veterans.\n• With the U.S. House of Representatives under the control of the Republican party following November’s mid-term elections, it will prove difficult for the Democratic President to achieve these policy goals.\nSee related article:Gemini agrees to put US$100 mln to Earn asset recovery efforts', 'The end goal of investing is profit, and few investments have shown the long-term profit ofbitcoin. Yes, the true story in cryptocurrency is its extreme volatility, but the underlying fact is simple: investors who bought into bitcoin five years ago, and held on, have tripled their money. Even this past January, BTC surged 40%.\nBut buying bitcoin isn’t the only way to cash in on it, there are also the bitcoin mining stocks. These are firms, generally small, that own large-scale server rigs capable of computing the blockchain links – and creating new bitcoins. In fact, according to H.C. Wainwright analyst Mike Colonnese, "the median return for publicly traded BTC miners was 124% in January, more than 3x the performance of BTC."\nElaborating further on the opportunity, Colonnese writes: “We expect improved mining economics, driven by higher BTC prices and moderating energy costs (partially offset by rising network difficulty) to drive upward estimate revisions for the group throughout 2023 and see continued multiple expansion for mining stocks. As such, it is plausible the miners could continue outperforming BTC, in our view...”\nOf course, Colonnese doesn’t deny the risks inherent in this path – he notes that bitcoin mining stocks will be sensitive to negative macro-data – but he makes a compelling case that the positives justify the risks.\nKeeping that in mind, we’ve opened up the TipRanks database and pulled the details on two small bitcoin mining stocks that Colonnese sees as potential winners in 2023. For investors interested in betting on theblockchain, these should present some interesting paths forward.\nCipher Mining Inc.(CIFR)\nThe first company we’ll look at is Cipher Mining, a US-based bitcoin miner that is still in the early stages of its ramp-up. The company has three active mining sites, and is working both to expand its existing exahash capacity and to develop new mining sites. The company is currently generating bitcoin at a rate of approximately 1.4 EH/s.\nCipher’s chief mining facility, Odessa, operates on up to 207 megawatts of power, and its mining operations came online this past November. Odessa is supplemented by two additional sites, Alborz, a 40 megawatt, wind-powered mining facility, and Bear and Chief, a site which was completed in October of last year and can operate at up to 20 megawatts.\nAll three of these sites are boosting their bitcoin production capabilities. Per Cipher’s 3Q22 report, the last released, the company generated 196 bitcoin in that quarter. The fourth quarter report won’t be out until March, but we do have the December and January monthly production updates available.\nIn December, Cipher mined 225 bitcoin, and in January, the company mined another 343. In each of those months, the company’s bitcoin generation exceeded all of 3Q22 by a wide margin, and its generation rate is accelerating. As of the end of January, Cipher listed 424 bitcoin held as assets, 41,000 mining rigs deployed in its data centers, and a 4.3 exahash-per-second operating rate.\nCasting his eye on this bitcoin miner, H.C. Wainwright\'s Colonnese writes: “We are upgrading shares of CIFR to Buy from Neutral on strong execution, best-in-class mining economics, and improved sentiment for BTC… Cipher now has the sixth-largest hashing capacity of all publicly traded BTC miners in North America, and we estimate the company is capable of producing ~14.5 BTC per day. This equates to over $330,000 in daily mining revenues when applying current BTC prices of $23,000, a substantial increase over the ~$50,000 in daily revenues the company generated in October 2022. We applaud management’s ability to rapidly scale the company’s mining operations over the span of just a few months…”\nAlong with his new Buy rating on the stock, Colonnese includes a price target of $3, suggesting a 12-month upside potential of 76%. (To watch Colonnese’s track record,click here)\nThis is the only analyst review on file for Cipher, which is currently trading for $1.70. (SeeCIFR stock forecast)\nHive Blockchain Technologies (HIVE)\nNext up is Hive Blockchain, a Vancouver, Canada-based company with bitcoin mining operations in its home country as well as in Sweden and Iceland. Hive Blockchain boasts that it operates its mining facilities, which take up to 50 megawatts of power, on 100% renewable energy sources.\nThose mining operations are extensive. As of the end of January this year, Hive Blockchain was operating at an exahash rate of 2.68 EH/s. The company has been deploying new mining server rigs in large numbers over recent months, significantly boosting its capacity.\nIndeed, the December and January monthly updates show that Hive’s capacity has been growing. The company mined 213.8 bitcoin in December, and another 260 in January. Month-over-month, the company’s mining operations generated a 22% increase in bitcoin.\nHive has committed to a policy of ‘hold on for dear life,’ or HODL; that is, keeping a large reserve of bitcoin to hold for the long-term. Under its HODL policy, Hive had holdings totaling 2,430 bitcoin at the end of January, worth over $56 million in US currency at current prices.\nH.C. Wainwright\'s Colonnese is impressed with Hive\'s execution, writing: “Hive consistently ranks in the top 3 publicly traded BTC miners when it comes to efficiency as measured by BTC mined relative to the company’s active hash rate, which we attribute to above average uptime from both stable electricity sources and optimized proprietary software. In 2022, Hive produced 20% more BTC per EH of capacity than its peers, a significant competitive advantage, in our view, and a demonstration of Hive’s operational prowess."\n"While the stock has rallied [150%] YTD, alongside the rebound in BTC prices, we see additional share price appreciation driven by hash rate expansion and efficiency gains, as well as improved sentiment for BTC throughout 2023,” the analyst summed up.\nIn-line with this stance, Colonnese rates the stock as a Buy, with a $5 price target to indicate its potential for ~39% share appreciation this year.\nThis small-cap bitcoin miner has slipped under the radar a bit, and only has 2 recent analyst reviews. They both agree, however, that it’s a stock to buy, making the Moderate Buy analyst consensus unanimous. The shares are selling for $3.60 and their $6 average target indicates room for ~67% upside over the next 12 months. (SeeHive stock forecast)\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', 'The end goal of investing is profit, and few investments have shown the long-term profit ofbitcoin. Yes, the true story in cryptocurrency is its extreme volatility, but the underlying fact is simple: investors who bought into bitcoin five years ago, and held on, have tripled their money. Even this past January, BTC surged 40%.\nBut buying bitcoin isn’t the only way to cash in on it, there are also the bitcoin mining stocks. These are firms, generally small, that own large-scale server rigs capable of computing the blockchain links – and creating new bitcoins. In fact, according to H.C. Wainwright analyst Mike Colonnese, "the median return for publicly traded BTC miners was 124% in January, more than 3x the performance of BTC."\nElaborating further on the opportunity, Colonnese writes: “We expect improved mining economics, driven by higher BTC prices and moderating energy costs (partially offset by rising network difficulty) to drive upward estimate revisions for the group throughout 2023 and see continued multiple expansion for mining stocks. As such, it is plausible the miners could continue outperforming BTC, in our view...”\nOf course, Colonnese doesn’t deny the risks inherent in this path – he notes that bitcoin mining stocks will be sensitive to negative macro-data – but he makes a compelling case that the positives justify the risks.\nKeeping that in mind, we’ve opened up the TipRanks database and pulled the details on two small bitcoin mining stocks that Colonnese sees as potential winners in 2023. For investors interested in betting on theblockchain, these should present some interesting paths forward.\nCipher Mining Inc.(CIFR)\nThe first company we’ll look at is Cipher Mining, a US-based bitcoin miner that is still in the early stages of its ramp-up. The company has three active mining sites, and is working both to expand its existing exahash capacity and to develop new mining sites. The company is currently generating bitcoin at a rate of approximately 1.4 EH/s.\nCipher’s chief mining facility, Odessa, operates on up to 207 megawatts of power, and its mining operations came online this past November. Odessa is supplemented by two additional sites, Alborz, a 40 megawatt, wind-powered mining facility, and Bear and Chief, a site which was completed in October of last year and can operate at up to 20 megawatts.\nAll three of these sites are boosting their bitcoin production capabilities. Per Cipher’s 3Q22 report, the last released, the company generated 196 bitcoin in that quarter. The fourth quarter report won’t be out until March, but we do have the December and January monthly production updates available.\nIn December, Cipher mined 225 bitcoin, and in January, the company mined another 343. In each of those months, the company’s bitcoin generation exceeded all of 3Q22 by a wide margin, and its generation rate is accelerating. As of the end of January, Cipher listed 424 bitcoin held as assets, 41,000 mining rigs deployed in its data centers, and a 4.3 exahash-per-second operating rate.\nCasting his eye on this bitcoin miner, H.C. Wainwright\'s Colonnese writes: “We are upgrading shares of CIFR to Buy from Neutral on strong execution, best-in-class mining economics, and improved sentiment for BTC… Cipher now has the sixth-largest hashing capacity of all publicly traded BTC miners in North America, and we estimate the company is capable of producing ~14.5 BTC per day. This equates to over $330,000 in daily mining revenues when applying current BTC prices of $23,000, a substantial increase over the ~$50,000 in daily revenues the company generated in October 2022. We applaud management’s ability to rapidly scale the company’s mining operations over the span of just a few months…”\nAlong with his new Buy rating on the stock, Colonnese includes a price target of $3, suggesting a 12-month upside potential of 76%. (To watch Colonnese’s track record,click here)\nThis is the only analyst review on file for Cipher, which is currently trading for $1.70. (SeeCIFR stock forecast)\nHive Blockchain Technologies (HIVE)\nNext up is Hive Blockchain, a Vancouver, Canada-based company with bitcoin mining operations in its home country as well as in Sweden and Iceland. Hive Blockchain boasts that it operates its mining facilities, which take up to 50 megawatts of power, on 100% renewable energy sources.\nThose mining operations are extensive. As of the end of January this year, Hive Blockchain was operating at an exahash rate of 2.68 EH/s. The company has been deploying new mining server rigs in large numbers over recent months, significantly boosting its capacity.\nIndeed, the December and January monthly updates show that Hive’s capacity has been growing. The company mined 213.8 bitcoin in December, and another 260 in January. Month-over-month, the company’s mining operations generated a 22% increase in bitcoin.\nHive has committed to a policy of ‘hold on for dear life,’ or HODL; that is, keeping a large reserve of bitcoin to hold for the long-term. Under its HODL policy, Hive had holdings totaling 2,430 bitcoin at the end of January, worth over $56 million in US currency at current prices.\nH.C. Wainwright\'s Colonnese is impressed with Hive\'s execution, writing: “Hive consistently ranks in the top 3 publicly traded BTC miners when it comes to efficiency as measured by BTC mined relative to the company’s active hash rate, which we attribute to above average uptime from both stable electricity sources and optimized proprietary software. In 2022, Hive produced 20% more BTC per EH of capacity than its peers, a significant competitive advantage, in our view, and a demonstration of Hive’s operational prowess."\n"While the stock has rallied [150%] YTD, alongside the rebound in BTC prices, we see additional share price appreciation driven by hash rate expansion and efficiency gains, as well as improved sentiment for BTC throughout 2023,” the analyst summed up.\nIn-line with this stance, Colonnese rates the stock as a Buy, with a $5 price target to indicate its potential for ~39% share appreciation this year.\nThis small-cap bitcoin miner has slipped under the radar a bit, and only has 2 recent analyst reviews. They both agree, however, that it’s a stock to buy, making the Moderate Buy analyst consensus unanimous. The shares are selling for $3.60 and their $6 average target indicates room for ~67% upside over the next 12 months. (SeeHive stock forecast)\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.', 'The end goal of investing is profit, and few investments have shown the long-term profit of bitcoin . Yes, the true story in cryptocurrency is its extreme volatility, but the underlying fact is simple: investors who bought into bitcoin five years ago, and held on, have tripled their money. Even this past January, BTC surged 40%. But buying bitcoin isn\x92t the only way to cash in on it, there are also the bitcoin mining stocks. These are firms, generally small, that own large-scale server rigs capable of computing the blockchain links \x96 and creating new bitcoins. In fact, according to H.C. Wainwright analyst Mike Colonnese, "the median return for publicly traded BTC miners was 124% in January, more than 3x the performance of BTC." Elaborating further on the opportunity, Colonnese writes: \x93We expect improved mining economics, driven by higher BTC prices and moderating energy costs (partially offset by rising network difficulty) to drive upward estimate revisions for the group throughout 2023 and see continued multiple expansion for mining stocks. As such, it is plausible the miners could continue outperforming BTC, in our view...\x94 Of course, Colonnese doesn\x92t deny the risks inherent in this path \x96 he notes that bitcoin mining stocks will be sensitive to negative macro-data \x96 but he makes a compelling case that the positives justify the risks. Keeping that in mind, we\x92ve opened up the TipRanks database and pulled the details on two small bitcoin mining stocks that Colonnese sees as potential winners in 2023. For investors interested in betting on the blockchain , these should present some interesting paths forward. Cipher Mining Inc. ( CIFR ) The first company we\x92ll look at is Cipher Mining, a US-based bitcoin miner that is still in the early stages of its ramp-up. The company has three active mining sites, and is working both to expand its existing exahash capacity and to develop new mining sites. The company is currently generating bitcoin at a rate of approximately 1.4 EH/s. Cipher\x92s chief mining facility, Odessa, operates on up to 207 megawatts of power, and its mining operations came online this past November. Odessa is supplemented by two additional sites, Alborz, a 40 megawatt, wind-powered mining facility, and Bear and Chief, a site which was completed in October of last year and can operate at up to 20 megawatts. All three of these sites are boosting their bitcoin production capabilities. Per Cipher\x92s 3Q22 report, the last released, the company generated 196 bitcoin in that quarter. The fourth quarter report won\x92t be out until March, but we do have the December and January monthly production updates available. Story continues In December, Cipher mined 225 bitcoin, and in January, the company mined another 343. In each of those months, the company\x92s bitcoin generation exceeded all of 3Q22 by a wide margin, and its generation rate is accelerating. As of the end of January, Cipher listed 424 bitcoin held as assets, 41,000 mining rigs deployed in its data centers, and a 4.3 exahash-per-second operating rate. Casting his eye on this bitcoin miner, H.C. Wainwright\'s Colonnese writes: \x93We are upgrading shares of CIFR to Buy from Neutral on strong execution, best-in-class mining economics, and improved sentiment for BTC\x85 Cipher now has the sixth-largest hashing capacity of all publicly traded BTC miners in North America, and we estimate the company is capable of producing ~14.5 BTC per day. This equates to over $330,000 in daily mining revenues when applying current BTC prices of $23,000, a substantial increase over the ~$50,000 in daily revenues the company generated in October 2022. We applaud management\x92s ability to rapidly scale the company\x92s mining operations over the span of just a few months\x85\x94 Along with his new Buy rating on the stock, Colonnese includes a price target of $3, suggesting a 12-month upside potential of 76%. (To watch Colonnese\x92s track record, click here ) This is the only analyst review on file for Cipher, which is currently trading for $1.70. (See CIFR stock forecast ) Hive Blockchain Technologies ( HIVE ) Next up is Hive Blockchain, a Vancouver, Canada-based company with bitcoin mining operations in its home country as well as in Sweden and Iceland. Hive Blockchain boasts that it operates its mining facilities, which take up to 50 megawatts of power, on 100% renewable energy sources. Those mining operations are extensive. As of the end of January this year, Hive Blockchain was operating at an exahash rate of 2.68 EH/s. The company has been deploying new mining server rigs in large numbers over recent months, significantly boosting its capacity. Indeed, the December and January monthly updates show that Hive\x92s capacity has been growing. The company mined 213.8 bitcoin in December, and another 260 in January. Month-over-month, the company\x92s mining operations generated a 22% increase in bitcoin. Hive has committed to a policy of \x91hold on for dear life,\x92 or HODL; that is, keeping a large reserve of bitcoin to hold for the long-term. Under its HODL policy, Hive had holdings totaling 2,430 bitcoin at the end of January, worth over $56 million in US currency at current prices. H.C. Wainwright\'s Colonnese is impressed with Hive\'s execution, writing: \x93Hive consistently ranks in the top 3 publicly traded BTC miners when it comes to efficiency as measured by BTC mined relative to the company\x92s active hash rate, which we attribute to above average uptime from both stable electricity sources and optimized proprietary software. In 2022, Hive produced 20% more BTC per EH of capacity than its peers, a significant competitive advantage, in our view, and a demonstration of Hive\x92s operational prowess." "While the stock has rallied [150%] YTD, alongside the rebound in BTC prices, we see additional share price appreciation driven by hash rate expansion and efficiency gains, as well as improved sentiment for BTC throughout 2023,\x94 the analyst summed up. In-line with this stance, Colonnese rates the stock as a Buy, with a $5 price target to indicate its potential for ~39% share appreciation this year. This small-cap bitcoin miner has slipped under the radar a bit, and only has 2 recent analyst reviews. They both agree, however, that it\x92s a stock to buy, making the Moderate Buy analyst consensus unanimous. The shares are selling for $3.60 and their $6 average target indicates room for ~67% upside over the next 12 months. (See Hive stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks\x92 Best Stocks to Buy , a tool that unites all of TipRanks\x92 equity insights. Disclaimer : The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. View comments', 'FTX founder Sam Bankman-Fried spent more time lobbying lawmakers in D.C. than any other executive that Blockchain Association executive director Kristin Smith has seen in her 20-year career in Washington. So it’s hardly surprising, in the wake of his crypto empire going bust amid claims of fraud and misappropriated funds, that the tone of the conversations facilitated by Smith\'s crypto lobbying group has had to change. “He did a tremendous amount of damage,” Smith said on the latest episode of Decrypt \'s gm podcast , making it clear that FTX was never a Blockchain Association member. “Sam testified before Congress multiple times, he had incredibly detailed proposals at the [Commodities Future Trading Commission] and also legislatively that he was working on," Smith said. "He was spending a tremendous amount of time walking the halls of Congress, meeting with members, meeting with leadership, meeting with staff—he would take them out for drinks. "I’ve never seen, in my 20-plus year career in Washington, an executive spend this much time personally lobbying Capitol Hill,” she added. Binance Joins US Crypto Lobbying Group Chamber of Digital Commerce Bankman-Fried’s crypto empire, headlined by crypto exchange FTX, fell apart in November after a leaked balance sheet showed that Alameda Research, his trading desk, held billions worth of FTT, the FTX utility token, against billions worth of liabilities. When word got out, users withdrew billions from FTX. In a last-ditch effort to stay afloat, FTX announced it had a letter of intent to be acquired by competitor Binance. But a day into the due diligence process, Binance backed out and said the company was “ beyond our ability to help .” By the end of the week, Bankman-Fried had resigned and FTX with 130 other entities filed for Chapter 11 bankruptcy protection. The bankruptcy was bad, but the federal charges— civil and criminal —pending against Bankman-Fried have made lawmakers even more uncomfortable with how involved he was in legislation. In fact, it’s since come out during the FTX bankruptcy proceedings that the company had an office across the street from the White House . Story continues Senate Bill Would Give CFTC ‘Exclusive Oversight’ of Bitcoin and Ethereum “They feel a tremendous sense of betrayal, because they all thought he was so thoughtful, and appreciated his thoughts on regulation. And, I mean, quite frankly, from my perspective, it was making our job very difficult, because, you know, we had some disagreements in terms of the strategy that he was pushing forward,” she said. “It was very much like an FTX-specific strategy as opposed to a crypto-wide strategy.” That FTX-specific strategy showed its face when Bankman-Fried got behind the Digital Commodities Consumer Protection Act of 2022 in a big way. It was one of the first times that the crypto community criticized him en masse for backing a bill that had been labeled a “ DeFi killer .” The bill got the moniker because it proposed applying the same registration and compliance rules to decentralized finance as it would to centralized entities, like FTX. “The ‘digital commodity platform’ definitions are all designed for centralized custodial markets. Yet, as [Sen. Kirsten Gillibrand] sharply pointed out, they also might capture DeFi protocols—no more than code—which can\'t comply,” Blockchain Association’s chief policy officer Jake Chervinsky wrote on Twitter in September. For now, there’s no sign that the bill will be reintroduced for the 2023 legislative session. In fact, Sen. Debbie Stabenow (D-MI), one of its co-sponsors, has announced that she’ll be leaving office in 2025 .', 'FTX founder Sam Bankman-Fried spent more time lobbying lawmakers in D.C. than any other executive that Blockchain Association executive director Kristin Smith has seen in her 20-year career in Washington.\nSo it’s hardly surprising, in the wake of his crypto empire going bust amid claims of fraud and misappropriated funds, that the tone of the conversations facilitated by Smith\'s crypto lobbying group has had to change.\n“He did a tremendous amount of damage,” Smith said on the latest episode ofDecrypt\'sgm podcast, making it clear that FTX was never a Blockchain Association member.\n“Sam testified before Congress multiple times, he had incredibly detailed proposals at the [Commodities Future Trading Commission] and also legislatively that he was working on," Smith said. "He was spending a tremendous amount of time walking the halls of Congress, meeting with members, meeting with leadership, meeting with staff—he would take them out for drinks.\n"I’ve never seen, in my 20-plus year career in Washington, an executive spend this much time personally lobbying Capitol Hill,” she added.\nBinance Joins US Crypto Lobbying Group Chamber of Digital Commerce\nBankman-Fried’s crypto empire, headlined by crypto exchange FTX, fell apart in November after a leaked balance sheet showed that Alameda Research, his trading desk, held billions worth of FTT, the FTX utility token, against billions worth of liabilities. When word got out, users withdrew billions from FTX.\nIn a last-ditch effort to stay afloat, FTX announced it had a letter of intent to be acquired by competitor Binance. But a day into the due diligence process, Binance backed out and said the company was “beyond our ability to help.” By the end of the week, Bankman-Fried had resigned and FTX with 130 other entities filed for Chapter 11 bankruptcy protection.\nThe bankruptcy was bad, but the federal charges—civil and criminal—pending against Bankman-Fried have made lawmakers even more uncomfortable with how involved he was in legislation. In fact, it’s since come out during the FTX bankruptcy proceedings that the companyhad an office across the street from the White House.\nSenate Bill Would Give CFTC ‘Exclusive Oversight’ of Bitcoin and Ethereum\n“They feel a tremendous sense of betrayal, because they all thought he was so thoughtful, and appreciated his thoughts on regulation. And, I mean, quite frankly, from my perspective, it was making our job very difficult, because, you know, we had some disagreements in terms of the strategy that he was pushing forward,” she said. “It was very much like an FTX-specific strategy as opposed to a crypto-wide strategy.”\nThat FTX-specific strategy showed its face when Bankman-Fried got behind the Digital Commodities Consumer Protection Act of 2022 in a big way. It was o
**Last 60 Days of Bitcoin's Closing Prices:**
[17128.72, 17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-08
**Financial & Commodity Data:**
- Gold Closing Price: $1877.40
- Crude Oil Closing Price: $78.47
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $446,501,842,638
- Hash Rate: 269948142.5149194
- Transaction Count: 316963.0
- Unique Addresses: 682912.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: FTSE higher as Wall Street starts brisk week with modest gains. Photo: Angela Weiss/AFP (ANGELA WEISS via Getty Images) The FTSE 100 and European stocks finished higher on Monday, despite recession fears on both sides of the Atlantic. The FTSE 100 ( ^FTSE ) rose 0.24% to close at 7,789, while the CAC 40 ( ^FCHI ) in Paris jumped 0.62% to 7,039 points. In Germany, the DAX ( ^GDAXI ) climbed 0.49% at 15,033. Across the pond, stocks were higher despite fears of a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings. The Dow Jones ( ^DJI ) rose 1.06% to 33,728 points. The S&P 500 ( ^GSPC ) gained 1.38% to 4,027 points and the tech-heavy NASDAQ ( ^IXIC ) advanced 1.97% to 11,359. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: The FTSE 100 has opened marginally higher, as quiet optimism continues to swirl. Read more: UK recession could be twice as bad as previously expected She also highlighted investor confidence has jumped 12% according to the Hargreaves Lansdown survey which tracks sentiment every month. Ocado ( OCDO.L ) led this session's gains, up 3.93%, followed by Persimmon ( PSN.L ), up 2.04%, and Primark owner Associated British Foods ( ABF.L ). Miner Antofagasta ( ANTO.L ), up 1.71%, and JD Sports ( JD.L ), up 1.66% complete the top five risers. Sterling ( GBPUSD=X ) also hit a seven-month high against US dollar, with the pound climbing 0.16% to around $1.2413 before retreating. AJ Bell investment director Russ Mould said: The big economic announcements come on Thursday and Friday as the US releases GDP figures for the fourth quarter and core inflation numbers from the worlds largest economy are also released. These will offer insight into two key and related factors which are grabbing the markets attention right now. First, will the US avoid a deep recession and second, will inflation ease sufficiently to allow the Federal Reserve to ease up on interest rates before it has inflicted too much pain on businesses and consumers? Tomorrow the focus will be on PMI data from the US, Europe and the UK. Always a useful leading indicator given how on top of the economic backdrop the purchasing managers surveyed must be to get their decisions right. Story continues Read more: Bitcoin price near $23,000 as it shrugs off Genesis bankruptcy Transport and infrastructure names were, appropriately enough, helping to get the UK market moving at the start of the week. Balfour Beatty ( BBY.L ) continues to impress under market Mr Fix-it Leo Quinn as it snared a £1.2bn contract to deliver a package of works linked to the proposed Lower Thames Crossing while National Express secured new rail franchises in Germany. The EY Item Club warned the UK recession will be deeper than it thought three months ago. The consultancy sees a 0.7% contraction for this year, compared with 0.3% predicted in October. This will be followed by growth of 1.9% in 2024, down from the 2.4% improvement previously expected. Meanwhile, Brent crude ( BZ=F ) bounced back and was trading at around $88 per barrel, amid optimism around China's demand outlook. In Asia, Tokyos Nikkei 225 ( ^N225 ) closed higher, climbing 1.33% to 26,906 points, while the Hang Seng ( ^HSI ) in Hong Kong gained 1.82% to 22,044. The Shanghai Composite ( 000001.SS ) also edged higher, rising 0.76% to 3,264 points. Watch: Fed will raise rates again, 'markets will like it': Teddy Weisberg...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin spent another day near its most recent $23K support. LDO spikes.\nInsights:AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher can continue.\nCoinDesk Market Index (CMI)\n1,086\n−12.6▼1.1%\nBitcoin (BTC)\n$22,970\n−363.2▼1.6%\nEthereum (ETH)\n$1,655\n−31.7▼1.9%\nS&P 500\n4,117.86\n−46.1▼1.1%\nGold\n$1,886\n+8.3▲0.4%\nNikkei 225\n27,606.46\n−79.0▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23K; LDO Jumps on Armstrong Tweet\nWhat did U.S. central bank Chair Jerome Powellmean in remarksTuesday at the Economic Club of Washington D.C.?\nCrypto investors and otherwise spent much of Wednesday weighing a repeat of Powell\'s utterances from a week ago that the "deflationary process" had started but that the Federal Reserve would remain vigilant about stamping out high inflation; and somewhat more hawkish remarks from three Federal Reserve governors, including John Williams, who suggested central bankers would consider more aggressive rate hikes if the inflation climate worsened.\nBitcoin digested the latest developments and held steady throughout the day around its current support just below $23,000. The largest cryptocurrency by market capitalization was recently trading at $22,970, down 1.6% over the past 24 hours. BTC\'s recent lull follows a January surge to remember.\n"Bitcoin’s strong start to the year appears to be over for now," Edward Moya, chief market analyst for foreign exchange market maker Oanda, wrote in an email. "After hitting some key technical resistance just above the $24,000 level, bitcoin is entering consolidation modes."\nMoya added that bitcoin could lose its current perch with "the next big move in bond yields."\n"Bond market volatility will be insane after the Valentine’s day inflation report, which might mean bitcoin could drift towards the $20,000 level if stocks get hammered over the next few sessions," he wrote.\nYields on two- and 10-year U.S. Treasurys both dropped slightly on Wednesday.\nMeanwhile, ether followed bitcoin\'s lead, holding its most recent support comfortably above $1,600, although it was recently down over 2% from Tuesday, same time. But as CoinDesk markets analyst Glenn WilliamsnotedWednesday in a column column, the second-largest crypto in market value had regained its correlation to BTC after lagging so far this year. Both cryptos are up about 38% since Jan. 1.\nOther major cryptos in market value were recently in the red, although Lido DAO\'s LDO token jumped 8% at one point, much of its gain coming late Wednesday (ET) after Coinbase CEO Brian Armstrongtweetedthat he\'d heard rumors the U.S. Securities and Exchange Commission (SEC)would like to banretail investors from engaging incryptocurrency staking, the income-generating technique at the core of running blockchains includingEthereum.\n"I hope that\'s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Armstrong wrote.\nEquity markets closed down with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component dropping 1.1% and 1.7%, respectively, as markets also continued to mull over mixed, fourth-quarter earnings and jobs data recent that has been defiantly strong, suggesting Fed monetary policy hasn\'t been fully successful.\n"If the Valentine’s Day [Feb. 14] inflation report ends up being a hot one, traders might start believing the Fed’s hawkish pushback," Oanda\'s Moya wrote.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.8%", "DACS Sector": "Currency"}]\nWhat\'s With the AI Surge and Will It Last?\nIn a Feb. 8 analysis, CoinDesk editor Shaurya Malwa highlighted the huge gains of AI-related tokens, including the platforms of Alethea\'s artificial liquid intelligence (ALI),Fetch.ai\'s(FET) and SingularityNET (AGIX), which have surged as much as 220%. Malwa wrote that institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector. But will the momentum last? Opinions vary as Malwa notes in anexcerpt from his story.\nAI broadly refers to the simulation of human intelligence in machines programmed to think and act like humans. Popular applications for this technology have so far been limited to chatbots, self-driving cars, optimizing search in online marketplaces and image-generation software – but futuristic use cases envisionwholly autonomous cities,cyborg humankindandinterstellar travel.\nMuch of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software DALL-E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recentlyraised $10 billionfrom Microsoft at a $29 billion valuation.\nSuch institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.\n"The growth opportunity around the AI and Web3 space combines early interest, potential and hype,” states Ravindra Kumar, founder of crypto wallet Frontier. “While it\'s true that there may be some hype surrounding AI intervention in the crypto space, we are seeing the emergence of innovative and compelling use cases.’\nAditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it\'s less about the actual tech behind it.”\n“This is because the current AI tokens and Web3 projects may not yet know what these decentralized AI tools look like. There\'s a lot of unanswered challenges and lots to be figured out,” Khanduri told CoinDesk in a recent chat.\nThe likes of Khanduri say token-based usage while scaling AI software is a hard problem to solve.\n“Say an AI tool gets to 250 million users. Then what will its infra look like? How will people use it? How will the data be trained? Where does the token fit in? Can you even have a way to reward people for their data if you used it to train your models?” he said.\nMeanwhile, some market watchers remain cautious about the AI token hype.\n“Once the market starts livening up a bit, all sorts of new trends come out of the woodwork. And they are not all as solid as they might look,” financial market consultant Valentina Drofa told CoinDesk.\n“There is a risk that this whole ‘new trend’ is going to end up in an empty hype, as there are many speculators that would seek to make use of short-term price pumps,” Drofa added, referring to the recent multifold gains put up by some tokens.\n“The industry at large will end up dealing with the long-term fallout and another hit to its image. Such cycles are becoming rather tiresome and sad to observe again and again,” she stated.\n8:45 a.m. HKT/SGT(00:45 UTC)Bank of England Monetary Policy Report Hearings\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia Monetary Policy Statement\n12:30 a.m. HKT/SGT(16:30 UTC)China Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Rise as Powell Talks ‘Disinflation’ Again; Crypto Donations for Turkey\nCrypto prices continued their cautious move upwards after Federal Reserve Chair Jerome Powell\'s comments on disinflation yesterday. Fidenza Macro blog author Geoffrey Chen shared his analysis. Plus, nonprofit organizations were leading an effort to raise millions of dollars in crypto to help victims of the major earthquake in Turkey. CoinDesk Türkiye Editor in Chief Serdar Turan weighed in. SPiCE VC managing partner and co-founder Tal Elyashiv and Kraken Head of Strategy Thomas Perfumo also joined the conversation.\nAI Token Search Traffic Spikes as Crypto Traders Seek Exposure:The trending AI tokens on CoinGecko showcase how artificial intelligence has a chokehold on the zeitgeist.\nMakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin:The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.\nCrypto Long & Short: Bitcoin\'s \'Golden Cross\' Explained:This much talked about technical indicator has value, yet doesn’t tell the whole story.\nRobinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang:The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies.\nCraig Wright Loses Bitcoin Copyright Claim in UK Court:The self-proclaimed author of the Bitcoin white paper claims Bitcoin and Bitcoin Cash violate his intellectual property rights.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin spent another day near its most recent $23K support. LDO spikes.\nInsights:AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher can continue.\nCoinDesk Market Index (CMI)\n1,086\n−12.6▼1.1%\nBitcoin (BTC)\n$22,970\n−363.2▼1.6%\nEthereum (ETH)\n$1,655\n−31.7▼1.9%\nS&P 500\n4,117.86\n−46.1▼1.1%\nGold\n$1,886\n+8.3▲0.4%\nNikkei 225\n27,606.46\n−79.0▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23K; LDO Jumps on Armstrong Tweet\nWhat did U.S. central bank Chair Jerome Powellmean in remarksTuesday at the Economic Club of Washington D.C.?\nCrypto investors and otherwise spent much of Wednesday weighing a repeat of Powell\'s utterances from a week ago that the "deflationary process" had started but that the Federal Reserve would remain vigilant about stamping out high inflation; and somewhat more hawkish remarks from three Federal Reserve governors, including John Williams, who suggested central bankers would consider more aggressive rate hikes if the inflation climate worsened.\nBitcoin digested the latest developments and held steady throughout the day around its current support just below $23,000. The largest cryptocurrency by market capitalization was recently trading at $22,970, down 1.6% over the past 24 hours. BTC\'s recent lull follows a January surge to remember.\n"Bitcoin’s strong start to the year appears to be over for now," Edward Moya, chief market analyst for foreign exchange market maker Oanda, wrote in an email. "After hitting some key technical resistance just above the $24,000 level, bitcoin is entering consolidation modes."\nMoya added that bitcoin could lose its current perch with "the next big move in bond yields."\n"Bond market volatility will be insane after the Valentine’s day inflation report, which might mean bitcoin could drift towards the $20,000 level if stocks get hammered over the next few sessions," he wrote.\nYields on two- and 10-year U.S. Treasurys both dropped slightly on Wednesday.\nMeanwhile, ether followed bitcoin\'s lead, holding its most recent support comfortably above $1,600, although it was recently down over 2% from Tuesday, same time. But as CoinDesk markets analyst Glenn WilliamsnotedWednesday in a column column, the second-largest crypto in market value had regained its correlation to BTC after lagging so far this year. Both cryptos are up about 38% since Jan. 1.\nOther major cryptos in market value were recently in the red, although Lido DAO\'s LDO token jumped 8% at one point, much of its gain coming late Wednesday (ET) after Coinbase CEO Brian Armstrongtweetedthat he\'d heard rumors the U.S. Securities and Exchange Commission (SEC)would like to banretail investors from engaging incryptocurrency staking, the income-generating technique at the core of running blockchains includingEthereum.\n"I hope that\'s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Armstrong wrote.\nEquity markets closed down with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component dropping 1.1% and 1.7%, respectively, as markets also continued to mull over mixed, fourth-quarter earnings and jobs data recent that has been defiantly strong, suggesting Fed monetary policy hasn\'t been fully successful.\n"If the Valentine’s Day [Feb. 14] inflation report ends up being a hot one, traders might start believing the Fed’s hawkish pushback," Oanda\'s Moya wrote.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.8%", "DACS Sector": "Currency"}]\nWhat\'s With the AI Surge and Will It Last?\nIn a Feb. 8 analysis, CoinDesk editor Shaurya Malwa highlighted the huge gains of AI-related tokens, including the platforms of Alethea\'s artificial liquid intelligence (ALI),Fetch.ai\'s(FET) and SingularityNET (AGIX), which have surged as much as 220%. Malwa wrote that institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector. But will the momentum last? Opinions vary as Malwa notes in anexcerpt from his story.\nAI broadly refers to the simulation of human intelligence in machines programmed to think and act like humans. Popular applications for this technology have so far been limited to chatbots, self-driving cars, optimizing search in online marketplaces and image-generation software – but futuristic use cases envisionwholly autonomous cities,cyborg humankindandinterstellar travel.\nMuch of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software DALL-E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recentlyraised $10 billionfrom Microsoft at a $29 billion valuation.\nSuch institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.\n"The growth opportunity around the AI and Web3 space combines early interest, potential and hype,” states Ravindra Kumar, founder of crypto wallet Frontier. “While it\'s true that there may be some hype surrounding AI intervention in the crypto space, we are seeing the emergence of innovative and compelling use cases.’\nAditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it\'s less about the actual tech behind it.”\n“This is because the current AI tokens and Web3 projects may not yet know what these decentralized AI tools look like. There\'s a lot of unanswered challenges and lots to be figured out,” Khanduri told CoinDesk in a recent chat.\nThe likes of Khanduri say token-based usage while scaling AI software is a hard problem to solve.\n“Say an AI tool gets to 250 million users. Then what will its infra look like? How will people use it? How will the data be trained? Where does the token fit in? Can you even have a way to reward people for their data if you used it to train your models?” he said.\nMeanwhile, some market watchers remain cautious about the AI token hype.\n“Once the market starts livening up a bit, all sorts of new trends come out of the woodwork. And they are not all as solid as they might look,” financial market consultant Valentina Drofa told CoinDesk.\n“There is a risk that this whole ‘new trend’ is going to end up in an empty hype, as there are many speculators that would seek to make use of short-term price pumps,” Drofa added, referring to the recent multifold gains put up by some tokens.\n“The industry at large will end up dealing with the long-term fallout and another hit to its image. Such cycles are becoming rather tiresome and sad to observe again and again,” she stated.\n8:45 a.m. HKT/SGT(00:45 UTC)Bank of England Monetary Policy Report Hearings\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia Monetary Policy Statement\n12:30 a.m. HKT/SGT(16:30 UTC)China Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Rise as Powell Talks ‘Disinflation’ Again; Crypto Donations for Turkey\nCrypto prices continued their cautious move upwards after Federal Reserve Chair Jerome Powell\'s comments on disinflation yesterday. Fidenza Macro blog author Geoffrey Chen shared his analysis. Plus, nonprofit organizations were leading an effort to raise millions of dollars in crypto to help victims of the major earthquake in Turkey. CoinDesk Türkiye Editor in Chief Serdar Turan weighed in. SPiCE VC managing partner and co-founder Tal Elyashiv and Kraken Head of Strategy Thomas Perfumo also joined the conversation.\nAI Token Search Traffic Spikes as Crypto Traders Seek Exposure:The trending AI tokens on CoinGecko showcase how artificial intelligence has a chokehold on the zeitgeist.\nMakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin:The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.\nCrypto Long & Short: Bitcoin\'s \'Golden Cross\' Explained:This much talked about technical indicator has value, yet doesn’t tell the whole story.\nRobinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang:The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies.\nCraig Wright Loses Bitcoin Copyright Claim in UK Court:The self-proclaimed author of the Bitcoin white paper claims Bitcoin and Bitcoin Cash violate his intellectual property rights.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin spent another day near its most recent $23K support. LDO spikes. Insights: AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher can continue. Prices CoinDesk Market Index (CMI) 1,086 −12.6 ▼ 1.1% Bitcoin (BTC) $22,970 −363.2 ▼ 1.6% Ethereum (ETH) $1,655 −31.7 ▼ 1.9% S&P 500 4,117.86 −46.1 ▼ 1.1% Gold $1,886 +8.3 ▲ 0.4% Nikkei 225 27,606.46 −79.0 ▼ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Firm Near $23K; LDO Jumps on Armstrong Tweet What did U.S. central bank Chair Jerome Powell mean in remarks Tuesday at the Economic Club of Washington D.C.? Crypto investors and otherwise spent much of Wednesday weighing a repeat of Powell\'s utterances from a week ago that the "deflationary process" had started but that the Federal Reserve would remain vigilant about stamping out high inflation; and somewhat more hawkish remarks from three Federal Reserve governors, including John Williams, who suggested central bankers would consider more aggressive rate hikes if the inflation climate worsened. Bitcoin digested the latest developments and held steady throughout the day around its current support just below $23,000. The largest cryptocurrency by market capitalization was recently trading at $22,970, down 1.6% over the past 24 hours. BTC\'s recent lull follows a January surge to remember. "Bitcoin’s strong start to the year appears to be over for now," Edward Moya, chief market analyst for foreign exchange market maker Oanda, wrote in an email. "After hitting some key technical resistance just above the $24,000 level, bitcoin is entering consolidation modes." Moya added that bitcoin could lose its current perch with "the next big move in bond yields." Story continues "Bond market volatility will be insane after the Valentine’s day inflation report, which might mean bitcoin could drift towards the $20,000 level if stocks get hammered over the next few sessions," he wrote. Yields on two- and 10-year U.S. Treasurys both dropped slightly on Wednesday. Meanwhile, ether followed bitcoin\'s lead, holding its most recent support comfortably above $1,600, although it was recently down over 2% from Tuesday, same time. But as CoinDesk markets analyst Glenn Williams noted Wednesday in a column column, the second-largest crypto in market value had regained its correlation to BTC after lagging so far this year. Both cryptos are up about 38% since Jan. 1. Other major cryptos in market value were recently in the red, although Lido DAO\'s LDO token jumped 8% at one point, much of its gain coming late Wednesday (ET) after Coinbase CEO Brian Armstrong tweeted that he\'d heard rumors the U.S. Securities and Exchange Commission (SEC) would like to ban retail investors from engaging in cryptocurrency staking , the income-generating technique at the core of running blockchains including Ethereum . "I hope that\'s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Armstrong wrote. Equity markets closed down with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component dropping 1.1% and 1.7%, respectively, as markets also continued to mull over mixed, fourth-quarter earnings and jobs data recent that has been defiantly strong, suggesting Fed monetary policy hasn\'t been fully successful. "If the Valentine’s Day [Feb. 14] inflation report ends up being a hot one, traders might start believing the Fed’s hawkish pushback," Oanda\'s Moya wrote. Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +1.4% Smart Contract Platform Cosmos ATOM +0.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −6.4% Entertainment Loopring LRC −5.1% Smart Contract Platform Shiba Inu SHIB −4.8% Currency Insights What\'s With the AI Surge and Will It Last? In a Feb. 8 analysis, CoinDesk editor Shaurya Malwa highlighted the huge gains of AI-related tokens, including the platforms of Alethea\'s artificial liquid intelligence (ALI), Fetch.ai\'s (FET) and SingularityNET (AGIX), which have surged as much as 220%. Malwa wrote that institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector. But will the momentum last? Opinions vary as Malwa notes in an excerpt from his story . AI broadly refers to the simulation of human intelligence in machines programmed to think and act like humans. Popular applications for this technology have so far been limited to chatbots, self-driving cars, optimizing search in online marketplaces and image-generation software – but futuristic use cases envision wholly autonomous cities , cyborg humankind and interstellar travel . Much of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software DALL-E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recently raised $10 billion from Microsoft at a $29 billion valuation. Such institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector. "The growth opportunity around the AI and Web3 space combines early interest, potential and hype,” states Ravindra Kumar, founder of crypto wallet Frontier. “While it\'s true that there may be some hype surrounding AI intervention in the crypto space, we are seeing the emergence of innovative and compelling use cases.’ Aditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it\'s less about the actual tech behind it.” “This is because the current AI tokens and Web3 projects may not yet know what these decentralized AI tools look like. There\'s a lot of unanswered challenges and lots to be figured out,” Khanduri told CoinDesk in a recent chat. The likes of Khanduri say token-based usage while scaling AI software is a hard problem to solve. “Say an AI tool gets to 250 million users. Then what will its infra look like? How will people use it? How will the data be trained? Where does the token fit in? Can you even have a way to reward people for their data if you used it to train your models?” he said. Meanwhile, some market watchers remain cautious about the AI token hype. “Once the market starts livening up a bit, all sorts of new trends come out of the woodwork. And they are not all as solid as they might look,” financial market consultant Valentina Drofa told CoinDesk. “There is a risk that this whole ‘new trend’ is going to end up in an empty hype, as there are many speculators that would seek to make use of short-term price pumps,” Drofa added, referring to the recent multifold gains put up by some tokens. “The industry at large will end up dealing with the long-term fallout and another hit to its image. Such cycles are becoming rather tiresome and sad to observe again and again,” she stated. Important events 8:45 a.m. HKT/SGT(00:45 UTC) Bank of England Monetary Policy Report Hearings 11:30 p.m. HKT/SGT(15:30 UTC) Reserve Bank of Australia Monetary Policy Statement 12:30 a.m. HKT/SGT(16:30 UTC) China Consumer Price Index (YoY/Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin, Ether Rise as Powell Talks ‘Disinflation’ Again; Crypto Donations for Turkey Crypto prices continued their cautious move upwards after Federal Reserve Chair Jerome Powell\'s comments on disinflation yesterday. Fidenza Macro blog author Geoffrey Chen shared his analysis. Plus, nonprofit organizations were leading an effort to raise millions of dollars in crypto to help victims of the major earthquake in Turkey. CoinDesk Türkiye Editor in Chief Serdar Turan weighed in. SPiCE VC managing partner and co-founder Tal Elyashiv and Kraken Head of Strategy Thomas Perfumo also joined the conversation. Headlines AI Token Search Traffic Spikes as Crypto Traders Seek Exposure: The trending AI tokens on CoinGecko showcase how artificial intelligence has a chokehold on the zeitgeist. MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin: The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system. Crypto Long & Short: Bitcoin\'s \'Golden Cross\' Explained: This much talked about technical indicator has value, yet doesn’t tell the whole story. Robinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang: The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies. Craig Wright Loses Bitcoin Copyright Claim in UK Court: The self-proclaimed author of the Bitcoin white paper claims Bitcoin and Bitcoin Cash violate his intellectual property rights.', 'Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over. Ether fell along with most other top 10 non-stablecoin cryptocurrencies, with Polygon the only one on the list to move higher.\nSee related article:Alameda wallets activate, transfer millions in FTT tokens\n• Bitcoin fell 1.4% to US$22,945 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses over the last seven days to 3.28%. Ether lost 2.3% to US$1,650, but is up 0.6% for the same week period, according todata from CoinMarketCap.\n• Polygon rose 2.8% to US$1.3, bringing its gains for the seven days to 9.2% on expansion of the token’s network. ThePolygon DeGens campaignlaunched on Tuesday and features decentralized finance (DeFi) dApps on the Polygon blockchain. Non-fungible token (NFT) servicePremint added supportfor Polygon on Wednesday, and the network announced Tuesday there were 1.64 million active wallets usingWeb3 social apps.\n• Shiba Inu token slid 4.4% to US$0.000001375 to post the largest loss on CoinMarketCap’s list, but the Dogecoin copycat token is still up 14.7% for the past week.\n• The crypto market capitalization fell 1.2% to US$1.07 trillion in the 24 hours, with total trading volume declining 3% to US$58.69 billion.\n• Henry Liu, chief executive of British Virgin Islands-based crypto exchange BTSE, said the broader crypto market is still in a recovery trend after the sharp price falls last year, pointing to the 30% plus gains in Bitcoin and Ether prices over the past month. “This trend could potentially continue into the near term, helping BTC surge past the all-important $25,000 psychological threshold. If this were to happen, a bull run may be in the offing,” he said in an emailed statement toForkast.\n• U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 0.6%, the S&P 500 Index slipped 1.1% and the Nasdaq Composite Index closed off 1.7%.\n• Macroeconomic trends remain a focus for crypto and equity investors. Federal Reserve GovernorChristopher Waller said on Wednesdaythat interest rates may need to go higher to bring inflation under control in a speech at an agribusiness conference at Arkansas State University. He did not say by how much.\n• New York Fed PresidentJohn Williams saidin an interview with theWall Street Journalthat interest rates may need to remain “restrictive” for a number of years to keep inflation to pre-pandemic levels, though he said he also agreed with the Fed’s recent decision to raise rates by only 25 basis points in its January meeting last week.\n• Federal Reserve ChairJerome Powell also saidat the Economic Club of Washington this week that while the disinflationary process had begun in the U.S. economy, there was still much work to do to bring inflation to an acceptable level.\n• Analysts at the CME Group predict a more than 90% chance that the Fed will raise interest rates by a further 25 basis points at its next meeting in March. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%.\n• (Corrects price of Bitcoin in first bullet point.)\nSee related article:Beijing regulator warns about NFT speculation, illegal fundraising. Crackdown coming?', 'Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over. Ether fell along with most other top 10 non-stablecoin cryptocurrencies, with Polygon the only one on the list to move higher. See related article: Alameda wallets activate, transfer millions in FTT tokens Fast facts Bitcoin fell 1.4% to US$22,945 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses over the last seven days to 3.28%. Ether lost 2.3% to US$1,650, but is up 0.6% for the same week period, according to data from CoinMarketCap . Polygon rose 2.8% to US$1.3, bringing its gains for the seven days to 9.2% on expansion of the token’s network. The Polygon DeGens campaign launched on Tuesday and features decentralized finance (DeFi) dApps on the Polygon blockchain. Non-fungible token (NFT) service Premint added support for Polygon on Wednesday, and the network announced Tuesday there were 1.64 million active wallets using Web3 social apps . Shiba Inu token slid 4.4% to US$0.000001375 to post the largest loss on CoinMarketCap’s list, but the Dogecoin copycat token is still up 14.7% for the past week. The crypto market capitalization fell 1.2% to US$1.07 trillion in the 24 hours, with total trading volume declining 3% to US$58.69 billion. Henry Liu, chief executive of British Virgin Islands-based crypto exchange BTSE, said the broader crypto market is still in a recovery trend after the sharp price falls last year, pointing to the 30% plus gains in Bitcoin and Ether prices over the past month. “This trend could potentially continue into the near term, helping BTC surge past the all-important $25,000 psychological threshold. If this were to happen, a bull run may be in the offing,” he said in an emailed statement to Forkast . U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 0.6%, the S&P 500 Index slipped 1.1% and the Nasdaq Composite Index closed off 1.7%. Macroeconomic trends remain a focus for crypto and equity investors. Federal Reserve Governor Christopher Waller said on Wednesday that interest rates may need to go higher to bring inflation under control in a speech at an agribusiness conference at Arkansas State University. He did not say by how much. New York Fed President John Williams said in an interview with the Wall Street Journal that interest rates may need to remain “restrictive” for a number of years to keep inflation to pre-pandemic levels, though he said he also agreed with the Fed’s recent decision to raise rates by only 25 basis points in its January meeting last week. Federal Reserve Chair Jerome Powell also said at the Economic Club of Washington this week that while the disinflationary process had begun in the U.S. economy, there was still much work to do to bring inflation to an acceptable level. Analysts at the CME Group predict a more than 90% chance that the Fed will raise interest rates by a further 25 basis points at its next meeting in March. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%. (Corrects price of Bitcoin in first bullet point.) See related article: Beijing regulator warns about NFT speculation, illegal fundraising. Crackdown coming? View comments', 'Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over. Ether fell along with most other top 10 non-stablecoin cryptocurrencies, with Polygon the only one on the list to move higher.\nSee related article:Alameda wallets activate, transfer millions in FTT tokens\n• Bitcoin fell 1.4% to US$22,945 in the 24 hours to 8 a.m. in Hong Kong, bringing its losses over the last seven days to 3.28%. Ether lost 2.3% to US$1,650, but is up 0.6% for the same week period, according todata from CoinMarketCap.\n• Polygon rose 2.8% to US$1.3, bringing its gains for the seven days to 9.2% on expansion of the token’s network. ThePolygon DeGens campaignlaunched on Tuesday and features decentralized finance (DeFi) dApps on the Polygon blockchain. Non-fungible token (NFT) servicePremint added supportfor Polygon on Wednesday, and the network announced Tuesday there were 1.64 million active wallets usingWeb3 social apps.\n• Shiba Inu token slid 4.4% to US$0.000001375 to post the largest loss on CoinMarketCap’s list, but the Dogecoin copycat token is still up 14.7% for the past week.\n• The crypto market capitalization fell 1.2% to US$1.07 trillion in the 24 hours, with total trading volume declining 3% to US$58.69 billion.\n• Henry Liu, chief executive of British Virgin Islands-based crypto exchange BTSE, said the broader crypto market is still in a recovery trend after the sharp price falls last year, pointing to the 30% plus gains in Bitcoin and Ether prices over the past month. “This trend could potentially continue into the near term, helping BTC surge past the all-important $25,000 psychological threshold. If this were to happen, a bull run may be in the offing,” he said in an emailed statement toForkast.\n• U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 0.6%, the S&P 500 Index slipped 1.1% and the Nasdaq Composite Index closed off 1.7%.\n• Macroeconomic trends remain a focus for crypto and equity investors. Federal Reserve GovernorChristopher Waller said on Wednesdaythat interest rates may need to go higher to bring inflation under control in a speech at an agribusiness conference at Arkansas State University. He did not say by how much.\n• New York Fed PresidentJohn Williams saidin an interview with theWall Street Journalthat interest rates may need to remain “restrictive” for a number of years to keep inflation to pre-pandemic levels, though he said he also agreed with the Fed’s recent decision to raise rates by only 25 basis points in its January meeting last week.\n• Federal Reserve ChairJerome Powell also saidat the Economic Club of Washington this week that while the disinflationary process had begun in the U.S. economy, there was still much work to do to bring inflation to an acceptable level.\n• Analysts at the CME Group predict a more than 90% chance that the Fed will raise interest rates by a further 25 basis points at its next meeting in March. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%.\n• (Corrects price of Bitcoin in first bullet point.)\nSee related article:Beijing regulator warns about NFT speculation, illegal fundraising. Crackdown coming?', 'Central Bank Digital Currencies (CBDCs) are coming — and sooner than you might think. This past October, the Bank for International Settlements (BIS) joined forces with the Hong Kong Monetary Authority, the Bank of Thailand, the People’s Bank of China, and the Central Bank of the United Arab Emirates to pilot commercial cross-border foreign exchange transactions based on CBDCs. This latest news follows a rush of development around CBDCs around the world. According to the Atlantic Council’s CBDC Tracker , 114 countries are actively exploring or rolling out a central bank digital currency — up from just 35 countries less than three years ago — with the Asia-Pacific region leading the charge. Aside from Hong Kong and Thailand, CDBCs are also in development or a pilot phase in India, Japan, Singapore, Australia, South Korea, Indonesia, Cambodia and Malaysia. Mainland China, which began developing a digital yuan back in 2014 and now has the most advanced CBDC for a major economy, has already seen its e-CNY used in more than 360 million transactions worth 100 billion yuan (US$13.9 billion), and more than 5.6 million merchants now accept the state-backed digital currency as payment. Some may think this is a cause for celebration, as it seemingly provides evidence that financial authorities in the Asia Pacific and beyond see value in digital assets, perhaps even considering them\xa0a viable foundation for financial services. If true, this would indeed mark real progress. However, while it’s a welcome development that the financial establishment is taking digital assets seriously, CBDCs are in fact inherently flawed. But before we examine why, it’s useful first to ask why central banks are suddenly so interested in CBDCs, when not so long ago cryptocurrency of any stripe was considered anathema. Why CBDCs are in vogue If you are to listen to the central banks, the reasons given for CBDCs are all very logical and reassuring. Some of the cited drivers for adoption include use cases such as more efficient payments, faster cross-border transactions, and the preservation of payment privacy. But is this the whole story? Story continues The fact is that these value drivers have been known for almost as long as Bitcoin has been in existence. And although it’s possible that they have only now come to the attention of central banks, what’s more likely is that they are only part of the banks’ true motivation. After all, one of the main roles of central banks is to instill confidence in the financial system. It’s conceivable that official announcements on CBDCs are made more with an eye on building consumer and business trust in the new technology. A more likely explanation for the sudden rush into CBDCs is a response to current macroeconomic instability. With fiat currencies in difficulty the world over, central banks are turning to CBDCs in desperation. It should be no surprise for example that Turkey, with 80% inflation (and growing), was among the first outside of China to launch a CBDC , which is slated to appear later this year. With traditional monetary policy failing, CDBCs are being grasped as a possible alternative. The limitations of CBDCs The problem is that CBDCs are not the right answer to fiat money’s growing problems. For a start, we don’t know how successful banks will be in building consumer confidence in the currency. Today, central banks assure us that CBDCs will be complementary to cash and commercial bank money — but it’s not too far a stretch to envisage a scenario where governments force CBDCs on populations through partially or fully obsoleting cash and commercial deposits. In fact, we can witness the cashless agenda being pushed already on the people of Nigeria, a country where a CBDC was launched in October 2021 . Nigerian authorities have recently announced that ATM cash withdrawals will be limited to just 100,000 Nigerian naira (about US$225) a week, and older notes will be made obsolete, with only a few months’ window for exchanging the old notes for new ones. In the hands of a malevolent or misguided state, CBDCs could all too easily serve as powerful tools of control, coercion and surveillance. It’s these potential consequences of CBDC adoption that we should be most alert to. An arm for state coercion CBDCs bring with them a range of features that would be of interest to authoritarian regimes, not least providing the issuer with direct control over the nation’s digital currency. This control enables states to impose negative interest rates at will, or even collect taxes directly from people’s accounts. With CBDCs, the financial system can also be used as a mechanism through which to spy on citizens and censor them. By setting up direct retail accounts with the central bank, a regime can easily freeze the funds of irksome citizens until they behave in a desired manner. Such actions may not be limited to countries most often associated with authoritarianism — let’s not forget that the liberal democracy of Canada used emergency powers to freeze the financial assets of truckers involved in protests against Covid-19 vaccine mandates. CBDCs make it far too easy for governments to sanction individuals and groups. They are nothing less than a step back to Soviet times of state control. It’s a fully surveilled, fully centralized system managed by the central planning committee of the central bank board of governors, and a model that can all too easily be used to suppress human rights. Refocusing on Bitcoin’s true value CBDCs are the antithesis of Bitcoin, which was developed to decentralize the financial system in order to provide individuals with financial self-sovereignty and protect them from state overreach. Bitcoin is about building resilience against censorship and providing people with the means to transact anywhere and at any time. Unlike CBDCs, Bitcoin is also a true store of value that provides the ability to preserve purchasing power. Before central banks in the Asia Pacific and the rest of the world go too far down the road of assessing the viability of CBDCs, and drawing up frameworks for their testing and deployment, humanity needs to pause and consider if CBDCs are really what the world is looking for. There are many problems with the current financial system, based as it is on commercial bank oligopolies, and it’s clear that this system needs to change. However, CBDCs will succeed only as a means for rogue governments to peer ever more closely into the minutiae of our lives, to track and curtail activities deemed undesirable, and to limit people’s options for independent economic lives. That is far too heavy a price to pay for whatever monetary stability CBDC may or may not bring', 'Central Bank Digital Currencies (CBDCs) are coming — and sooner than you might think. This past October, the Bank for International Settlements (BIS)joined forces withthe Hong Kong Monetary Authority, the Bank of Thailand, the People’s Bank of China, and the Central Bank of the United Arab Emirates to pilot commercial cross-border foreign exchange transactions based on CBDCs.\nThis latest news follows a rush of development around CBDCs around the world. According to the Atlantic Council’sCBDC Tracker, 114 countries are actively exploring or rolling out a central bank digital currency — up from just 35 countries less than three years ago — with the Asia-Pacific region leading the charge. Aside from Hong Kong and Thailand, CDBCs are also in development or a pilot phase in India, Japan, Singapore, Australia, South Korea, Indonesia, Cambodia and Malaysia. Mainland China, which began developing a digital yuan back in 2014 and now has the most advanced CBDC for a major economy, has already seen its e-CNY used in more than360 million transactionsworth 100 billion yuan (US$13.9 billion), and more than 5.6 million merchants now accept the state-backed digital currency as payment.\nSome may think this is a cause for celebration, as it seemingly provides evidence that financial authorities in the Asia Pacific and beyond see value in digital assets, perhaps even considering them\xa0a viable foundation for financial services. If true, this would indeed mark real progress.\nHowever, while it’s a welcome development that the financial establishment is taking digital assets seriously, CBDCs are in fact inherently flawed. But before we examine why, it’s useful first to ask why central banks are suddenly so interested in CBDCs, when not so long ago cryptocurrency of any stripe was considered anathema.\nIf you are to listen to the central banks, the reasons given for CBDCs are all very logical and reassuring. Some of the cited drivers for adoption include use cases such as more efficient payments, faster cross-border transactions, and the preservation of payment privacy. But is this the whole story?\nThe fact is that these value drivers have been known for almost as long as Bitcoin has been in existence. And although it’s possible that they have only now come to the attention of central banks, what’s more likely is that they are only part of the banks’ true motivation. After all, one of the main roles of central banks is to instill confidence in the financial system. It’s conceivable that official announcements on CBDCs are made more with an eye on building consumer and business trust in the new technology.\nA more likely explanation for the sudden rush into CBDCs is a response to current macroeconomic instability. With fiat currencies in difficulty the world over, central banks are turning to CBDCs in desperation. It should be no surprise for example that Turkey, with 80% inflation (and growing), was among the first outside of China tolaunch a CBDC, which is slated to appear later this year. With traditional monetary policy failing, CDBCs are being grasped as a possible alternative.\nThe problem is that CBDCs are not the right answer to fiat money’s growing problems. For a start, we don’t know how successful banks will be in building consumer confidence in the currency. Today, central banks assure us that CBDCs will be complementary to cash and commercial bank money — but it’s not too far a stretch to envisage a scenario where governments force CBDCs on populations through partially or fully obsoleting cash and commercial deposits.\nIn fact, we can witness the cashless agenda being pushed already on the people of Nigeria, a country where aCBDC was launched in October 2021. Nigerian authoritieshave recently announcedthat ATM cash withdrawals will be limited to just 100,000 Nigerian naira (about US$225) a week, and older notes will be made obsolete, with only a few months’ window for exchanging the old notes for new ones.\nIn the hands of a malevolent or misguided state, CBDCs could all too easily serve as powerful tools of control, coercion and surveillance. It’s these potential consequences of CBDC adoption that we should be most alert to.\nCBDCs bring with them a range of features that would be of interest to authoritarian regimes, not least providing the issuer with direct control over the nation’s digital currency. This control enables states to impose negative interest rates at will, or even collect taxes directly from people’s accounts.\nWith CBDCs, the financial system can also be used as a mechanism through which to spy o
**Last 60 Days of Bitcoin's Closing Prices:**
[17104.19, 17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-09
**Financial & Commodity Data:**
- Gold Closing Price: $1866.20
- Crude Oil Closing Price: $78.06
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $437,513,121,600
- Hash Rate: 316895645.5609923
- Transaction Count: 369499.0
- Unique Addresses: 783722.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Good morning. Here’s what’s happening:
Prices:Bitcoin inches up but remains in its recent, narrow range; other major cryptos see green.
Insights:Crypto exchange tokens are responding more to news developments than what regulators might be contemplating.
CoinDesk Market Index (CMIP)
824.68
+8.1▲1.0%
Bitcoin (BTC)
$16,704
+96.2▲0.6%
Ethereum (ETH)
$1,216
+15.7▲1.3%
S&P 500 daily close
3,839.50
−9.8▼0.3%
Gold
$1,833
+13.0▲0.7%
Treasury Yield 10 Years
3.88%
▲0.0
BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET
Bitcoin Celebrates the New Year With Old Pricing
By James Rubin
New year. Old story.
As investors savored the waning hours of the extended New Year's holiday weekend, bitcoin plugged along in the same narrow range it occupied for the last 15 days of 2022.
The largest cryptocurrency by market capitalization was changing hands at about $16,700, up 0.6% over the past 24 hours amid light trading typical for the holiday season. BTC has been hovering between $16,400 and $17,000 since mid-December when fears about inflation and sharp recession rekindled.
Whether crypto prices rebound in 2023, and if so, when, is uncertain, although analysts seem unified in the belief that market misery won't exceed the torment of 2022 when crypto exchange giant FTX's November failure capped a year of industry shipwrecks.
"The crypto community won't be sad to see the back of 2022 and who can blame them?" quipped Craig Erlam, senior analyst at foreign exchange market maker Oanda, in a recent email. "Who knows what's to come in 2023 but at the very least, they'll be hoping to put the FTX scandal behind them and focus once more on innovation and adoption."
Yet Erlam also noted warily: "That may be a lot to ask in the short term, especially if other market factors aren't favourable. No doubt it will be another intriguing year for the space."
Ether followed BTC's Monday path to stick in its own two-week range between $1,150 and $1,230. The second largest crypto by market value was recently trading at about $1,215, a 1.3% gain from Sunday, same time. Other major cryptos spent the day largely in the green with XRP, the token of the XRP open source public blockchain, XRP Ledger, and MATIC, the token of layer 2 platform Polygon Network, rising more than 4% and 3%, respectively.
SOL, the native cryptocurrency of embattled blockchain platform Solana, continued a surge that began last week when Ethereum co-founder Vitalik Buterintweetedpositively about the protocol. SOL was recently up 13%, although at just above $11, it has lost 93% of its value from a year ago when it was trading over $176 – a result of its entanglement with the imploded Terra ecosystem and FTX.
TheCoinDesk Market Index(CDI), an index measuring cryptos' performance, recently jumped 1.5%.
Equity indexes closed their own year of distress fittingly with the Nasdaq, the S&P 500 and Dow Jones Industrial Average all falling slightly. The tech-heavy Nasdaq plummeted a whopping 33%, while the S&P, which has a robust technology component, plunged nearly 20% as markets flinched from the heavy body blows of macroeconomic uncertainty, socio-political unrest and rising prices.
Meanwhile, FTX ripples continued to widen with a co-founder of crypto exchange Gemini accusing Digital Currency Group CEO Barry Silbert of “bad faith stall tactics” as their respective companies tangle over a business disagreement precipitated by FTX’s multi-billion-dollar implosion late last year.
Cameron Winklevoss blasted Silbertin an open letter posted to Twitter, alleging crypto broker Genesis Global Capital and its parent company, DCG, owe Gemini’s clients $900 million. The letter alleges Gemini has awaited word on a repayment agreement for six weeks to no avail. DCG is also CoinDesk’s parent company.
Silbert responded, tweeting that DCG delivered to Genesis and Gemini’s advisers a proposal on Dec. 29, 2022, and has not had any response.
Looking ahead to the wider landscape, Oanda's Erlam wrote that much "now hangs on the economic data and how companies plan to adapt to a potentially impending recession."
"The data towards the back end of 2022 wasn't as promising as hoped and the communication from the Fed and others has remained more hawkish than investors would like," he wrote.
[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+13.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "+5.8%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+3.9%", "DACS Sector": "Smart Contract Platform"}]
There are no losers in CoinDesk 20 today.
Exchange Tokens Don't Care What the SEC Might Do
By Sam Reynolds
FTX’sFTT exchange token is a security.
That’s the uncontested comment the U.S. Securities and Exchange Commission (SEC) made in its complaint against former Alameda Research executive Caroline Ellison in the last days of 2022.
Since then, many exchange tokens are up.CoinGecko data showsthat during the last week, OKX’s OKB token has risen a staggering 30%; BNB has posted 1.5% gains; and KuCoin’s KCS is up 1.7%. Huobi’s HT is down 4%, andCrypto.com’s Cronos has dropped 4.2%, although these are both pretty moderate for digital asset markets.
For years, the market has treated exchange tokens like a security by any other name.
Sure, executives at exchanges would be quick to tell you that these tokens have many characteristics that are unlike a traditional investment contract – namely utility, such as discounts for large holders – but the price of exchange tokens tends to follow the news. Indonesia’sTokocrypto exchange tokenrallied when it was leaked out that Binance was going to buy the exchange; Binance’s BNB token drops on bad news; FTX’s FTT fell precipitously in early November, going from $22.50 to $1.50 in a week, afterCoinDesk broke the fateful newsabout Alameda’s balance sheet.
"If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings," the SEC wrote in its December complaint. "The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token."
Case law favors SEC
All these claims the SEC is making in its complaint are going uncontested. They aren’t being tested in court in the usual adversarial fashion because Ellison is agreeing with all of them by virtue of her desire to admit guilt and settle.
And thus, now the SEC has case law on its side to go after the other half-dozen prominent exchange tokens on the market. Exchanges might say that this isn’t an issue because in prior cases of the SEC calling tokens a security,the defendants have argued that U.S. laws shouldn’t apply to themas they are by all accounts offshore, not specifically marketing to those residing stateside, and run by non-Americans.
But FTX was also offshore, and had measures present to block U.S. residents from opening accounts on the platform (instead directing them to FTX U.S.). Yet millions of Americans lost money on FTX, so this argument isn’t going to work.
But could it be that the market is already pricing in a hostile regulator?
“SEC Chair Gary Gensler has been emphatic about his views that generally crypto products should be regulated as securities,” Ross Feingold, special counsel at Taipei-based Titan Attorneys at Law, told CoinDesk. “Numerous recent enforcement actions by the SEC show its willingness to bring charges against crypto exchanges, those offering new crypto, and cryptocurrency spokespersons.”
Feingold thinks that for the SEC, the case is easy to make, given the criteria theHowey Testhas.
“One could simply swap out the name of the crypto product with the name of a company's shares or some other investment products that we usually think of as security; for the SEC it doesn't matter, as it is applying the traditional test,” Feingold said.
Foreign regulators actions?
One wildcard might be if other regulators worldwide follow suit and target exchange tokens, too. Regulators in most of Asia, for instance, have historically approached crypto with a light touch. Binance and FTX aren’t blocked off like they are in the U.S. But this could change.
In Taiwan, for instance, retail investorslost an estimated $500 million with the collapse of FTX. Indonesia, where crypto traders outnumber stock traders, isalready planning stricter regulation post-FTXwith its Financial Service Authority given a mandate to come up with a better regulatory framework to protect investors.
“An interesting aspect of the SEC's willingness (or eagerness) to treat crypto as a security is that it gives regulators elsewhere, including here in Asia, cover to simply follow the SEC's lead, rather than make a determination on their own whether crypto is a security or issuing crypto specific public offering or trading regulations,” Feingold said.
The market might have already priced in a hostile SEC, but let’s see if it has accounted for other regulators simply following the commission's lead.
Bitcoin Day:Bitcoin Day is the anniversary of the Genesis Block that marked the beginning of the Bitcoin blockchain in 2009.
9:45 a.m. HKT/SGT(1:45 a.m. UTC):Caixin China Manufacturing PMI(Dec.)
In case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV:
Year in Review: The Crypto Stories That Shaped 2022
2022 was unlike any other year in crypto history. From the rapid demise of FTX, to the momentous Ethereum Merge, to the unraveling of TerraUSD, CoinDesk's Christie Harkin and Tracy Wang take a look back at what shaped the crypto markets in the last 12 months on "All About Bitcoin."
Gemini Co-Founder Accuses DCG’s Silbert of 'Bad Faith' Stalling in $900M Locked Funds Dispute:Silbert responded, saying his firm submitted a proposal to Genesis and Gemini’s advisers last Thursday.
What Will It Take for Bitcoin Mining Companies to Survive in 2023:Some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital, which works really well – until it doesn’t.
UK Enforces Crypto Tax Break for Foreigners Using Local Brokers:The measures now in effect are part of the government's plans to turn the country into a crypto hub....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["BitKeep BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market. NEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament to Bitkeep's commitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs. As of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market. BitKeep is proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market. Planet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively. Discover the most seamless NFT trading experience with BitKeep NFT Market! With 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future. Story continues Paving the way for blockchain gaming and P2E community growth The growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles. About BitKeep BitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. BitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds. Follow BitKeep on Twitter to stay updated on the latest developments, and let BitKeep be your premier gateway into the Web3 space. CONTACT: Romeo Kuok BitKeep romeo at bitkeep.com", "BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market.\nNEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament toBitkeep'scommitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs.\nAs of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market.BitKeepis proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market.\nPlanet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively.\nDiscover the most seamless NFT trading experience with BitKeep NFT Market!\nWith 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future.\nPaving the way for blockchain gaming and P2E community growth\nThe growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles.\nAbout BitKeep\nBitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana.\nBitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds.\nFollow BitKeep on Twitter to stay updated on the latest developments, and letBitKeepbe your premier gateway into the Web3 space.\nCONTACT: Romeo Kuok BitKeep romeo at bitkeep.com", "Buzz around Bitcoin-based NFTs —via the recently-launched Ordinals protocol—keeps growing by the day, with record-setting mints on Thursday and high-value sales over the past day . And one established Ethereum NFT collection is reaping the benefits of going multi-chain, seeing its prices surge after revealing Bitcoin -based counterparts. OnChain Monkey , a collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021, used Ordinals to “inscribe” all of its existing artwork on Bitcoin over the past day. Now the NFT holders on Ethereum can also say that their respective collectibles live on Bitcoin, as well. Prices for the Ethereum NFTs have almost tripled since the announcement, with the floor price—that is, the cheapest listed NFT on a marketplace—for the project jumping from 0.79 ETH at the start of the day (per NFT Price Floor ) to a peak of 1.75 ETH before settling to about 1.5 ETH (nearly $2,500) as of this writing. OnChainMonkey is the first 10K collection to be inscribed on Bitcoin via Ordinals! Own an ETH OCM Genesis = Owning a BTC OCM Genesis All on-chain on Bitcoin on Feb 8, 2023, and all on-chain on Ethereum on Sept 11, 2021! 🔥 🧵/8 pic.twitter.com/AMuUlERJZM — OnChainMonkey (@OnChainMonkey) February 9, 2023 According to data from CryptoSlam , the move has fueled a 12,200% increase in NFT trading volume for the Ethereum project over the past 24 hours compared to the previous span. The analytics platform reports about $1.1 million in sales over the past day for a project with lifetime secondary sales totaling almost $39 million. Metagood, the startup behind OnChain Monkey, said it put all 10,000 NFTs onto Bitcoin via the Ordinals protocol using a single transaction , much as it did for the original Ethereum collection back in 2021. Story continues The Hottest Bitcoin NFTs Right Now Are CryptoPunks Clones In a Twitter Spaces today, Metagood co-founder Danny Yang said that enabling trading was the next step for the team but suggested that other tooling needs to be created around Ordinals to facilitate that feature. He also noted that Metagood plans to build a bridge between Ethereum and Bitcoin to let NFT holders switch between the two versions. “They are the same on both chains,” an OnChain Monkey Discord moderator wrote earlier today. “Buy on ETH and you will have access to the BTC version when the tools catch up.” The project’s Discord server is filling up with users who claim to have purchased one of the Ethereum NFTs following the Bitcoin announcement and are asking for details on how it will work. OnChain Monkey is part of Metagood’s push to use Web3 initiatives to fund programs that benefit communities. These include efforts to fund coral restoration and provide aid to Ukraine amid the Russian invasion. Metagood, co-founded by venture capitalist Bill Tai alongside Yang and Amanda Terry, raised $5 million in December. Metagood says that it minted the first 10,000 NFT project on Ordinals —a claim that the creators of Bitcoin Punks, a clone of popular Ethereum project CryptoPunks, have also made . Bitcoin Punks began inscribing its NFTs via Ordinals before OnChain Monkey, but opted to put each Punk as a separate inscription—a process that stretched from Wednesday into Thursday . OnChain Monkey, on the other hand, committed its entire collection to Ordinals via a single transaction late Wednesday. Editor's note: This article was updated after publication to clarify when OnChain Monkey and Bitcoin Punks were inscribed via Ordinals.", "Buzzaround Bitcoin-based NFTs—via the recently-launched Ordinals protocol—keeps growing by the day, withrecord-setting mintson Thursday andhigh-value sales over the past day. And one establishedEthereumNFT collection is reaping the benefits of going multi-chain, seeing its prices surge after revealingBitcoin-based counterparts.\nOnChain Monkey, a collection of 10,000 Ethereum NFTprofile pictures (PFPs)minted in 2021, used Ordinals to “inscribe” all of its existing artwork on Bitcoin over the past day. Now theNFTholders on Ethereum can also say that their respective collectibles live on Bitcoin, as well.\nPrices for the Ethereum NFTs have almost tripled since the announcement, with the floor price—that is, the cheapest listed NFT on a marketplace—for the project jumping from 0.79 ETH at the start of the day (perNFT Price Floor) to a peak of 1.75 ETH before settling to about 1.5 ETH (nearly $2,500) as of this writing.\nAccording to data fromCryptoSlam, the move has fueled a 12,200% increase in NFT trading volume for the Ethereum project over the past 24 hours compared to the previous span. The analytics platform reports about $1.1 million in sales over the past day for a project with lifetime secondary sales totaling almost $39 million.\nMetagood, the startup behind OnChain Monkey, said it put all 10,000 NFTs onto Bitcoin via the Ordinals protocolusing a single transaction, much as it did for the original Ethereum collection back in 2021.\nThe Hottest Bitcoin NFTs Right Now Are CryptoPunks Clones\nIn a Twitter Spaces today, Metagood co-founder Danny Yang said that enabling trading was the next step for the team but suggested that other tooling needs to be created around Ordinals to facilitate that feature. He also noted that Metagood plans to build a bridge between Ethereum and Bitcoin to let NFT holders switch between the two versions.\n“They are the same on both chains,” an OnChain Monkey Discord moderator wrote earlier today. “Buy on ETH and you will have access to the BTC version when the tools catch up.”\nThe project’s Discord server is filling up with users who claim to have purchased one of the Ethereum NFTs following the Bitcoin announcement and are asking for details on how it will work.\nOnChain Monkey is part of Metagood’s push to useWeb3initiatives to fund programs that benefit communities. These include efforts to fund coral restoration and provide aid to Ukraine amid the Russian invasion. Metagood, co-founded by venture capitalist Bill Tai alongside Yang and Amanda Terry, raised $5 million in December.\nMetagood says that it minted the first 10,000 NFT project on Ordinals—a claim that the creators of Bitcoin Punks, a clone of popular Ethereum project CryptoPunks,have also made.\nBitcoin Punks began inscribing its NFTs via Ordinals before OnChain Monkey, but opted to put each Punk as a separate inscription—a process that stretched from Wednesdayinto Thursday. OnChain Monkey, on the other hand, committed its entire collection to Ordinalsvia a single transactionlate Wednesday.\nEditor's note: This article was updated after publication to clarify when OnChain Monkey and Bitcoin Punks were inscribed via Ordinals.", "Buzzaround Bitcoin-based NFTs—via the recently-launched Ordinals protocol—keeps growing by the day, withrecord-setting mintson Thursday andhigh-value sales over the past day. And one establishedEthereumNFT collection is reaping the benefits of going multi-chain, seeing its prices surge after revealingBitcoin-based counterparts.\nOnChain Monkey, a collection of 10,000 Ethereum NFTprofile pictures (PFPs)minted in 2021, used Ordinals to “inscribe” all of its existing artwork on Bitcoin over the past day. Now theNFTholders on Ethereum can also say that their respective collectibles live on Bitcoin, as well.\nPrices for the Ethereum NFTs have almost tripled since the announcement, with the floor price—that is, the cheapest listed NFT on a marketplace—for the project jumping from 0.79 ETH at the start of the day (perNFT Price Floor) to a peak of 1.75 ETH before settling to about 1.5 ETH (nearly $2,500) as of this writing.\nAccording to data fromCryptoSlam, the move has fueled a 12,200% increase in NFT trading volume for the Ethereum project over the past 24 hours compared to the previous span. The analytics platform reports about $1.1 million in sales over the past day for a project with lifetime secondary sales totaling almost $39 million.\nMetagood, the startup behind OnChain Monkey, said it put all 10,000 NFTs onto Bitcoin via the Ordinals protocolusing a single transaction, much as it did for the original Ethereum collection back in 2021.\nThe Hottest Bitcoin NFTs Right Now Are CryptoPunks Clones\nIn a Twitter Spaces today, Metagood co-founder Danny Yang said that enabling trading was the next step for the team but suggested that other tooling needs to be created around Ordinals to facilitate that feature. He also noted that Metagood plans to build a bridge between Ethereum and Bitcoin to let NFT holders switch between the two versions.\n“They are the same on both chains,” an OnChain Monkey Discord moderator wrote earlier today. “Buy on ETH and you will have access to the BTC version when the tools catch up.”\nThe project’s Discord server is filling up with users who claim to have purchased one of the Ethereum NFTs following the Bitcoin announcement and are asking for details on how it will work.\nOnChain Monkey is part of Metagood’s push to useWeb3initiatives to fund programs that benefit communities. These include efforts to fund coral restoration and provide aid to Ukraine amid the Russian invasion. Metagood, co-founded by venture capitalist Bill Tai alongside Yang and Amanda Terry, raised $5 million in December.\nMetagood says that it minted the first 10,000 NFT project on Ordinals—a claim that the creators of Bitcoin Punks, a clone of popular Ethereum project CryptoPunks,have also made.\nBitcoin Punks began inscribing its NFTs via Ordinals before OnChain Monkey, but opted to put each Punk as a separate inscription—a process that stretched from Wednesdayinto Thursday. OnChain Monkey, on the other hand, committed its entire collection to Ordinalsvia a single transactionlate Wednesday.\nEditor's note: This article was updated after publication to clarify when OnChain Monkey and Bitcoin Punks were inscribed via Ordinals.", "Join the most important conversation in crypto and web3! Secure your seat today Anton Shkurenko, a co-founder of Russian crypto exchange Bitzlato shuttered by the U.S. Department of Justice (DOJ) in January, disputed money laundering allegations by U.S. and E.U. authorities. Shkurenko spoke with CoinDesk after Russian media reported he had been arrested in Moscow on Monday. He said he had been stopped by the police for an ID check, and was released after a conversation. Though he declined to identify what unit of law enforcement detained him, he said he signed an obligation to appear when requested by investigators and received a no-detention warrant to avoid further arrests. Police detained him because he is on the Interpol wanted list, Shkurenko said, but he is unaware of any active criminal cases involving him in Russia. \x93Otherwise, I wouldn\x92t be speaking to you now,\x94 he said on a Zoom call, sitting against what looked like an apartment wall decorated with patterned wallpaper. \x93I hope I convinced the prosecutor of my innocence,\x94 he said, adding he cannot disclose details of an ongoing investigation. Bitzlato shut down last month following a cross-jurisdictional investigation by several U.S. and European agencies, which found connections between the then-little-known exchange and darknet marketplace Hydra. Shkurenko said he is a \x93tech consultant\x94 for Bitzlato, but apparently one with a lot of power: He used to be one of the key holders for the exchange\x92s crypto wallets. He allegedly handed control over those wallets to other members of the team, he told CoinDesk. As for Bitzlato and the allegations it processed over $700 millions of illicit funds , according to authorities, Shkurenko said the exchange did everything to cut off criminals and \x93is not ashamed\x94 of its work. The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) formally labeled the exchange a \x93 primary money-laundering concern ,\x94 a powerful measure often used to cut off a business from the global financial system. Story continues Bitzlato, Shkurenko said, was only \x93a bulletin board\x94 for crypto trades. In an earlier interview given to a Russian YouTube channel, Shkurenko said Bitzlato did not have any bank accounts and all of its revenue came in crypto. Even before the January enforcement action, Bitzlato had begun migrating its infrastructure from Europe to Russia, and most of the users\x92 funds are now under control of the team, he said. Bitzlato is ready to relaunch and gradually refund users who lost money as a result of the law enforcement shutdown, according to Shkurenko. See also: Binance Named as Counterparty in FinCEN Order Against Bitzlato It won\x92t take a lot of effort, he said: \x93I could launch the exchange from my apartment. Two small servers are enough.\x94 Arrests around the world Bitzlato, a Hong Kong-registered exchange with Russian founders, had been operating since 2016 and went down in January, when Department of Justice representatives working with FinCEN arrested founder Anatoly Legkodymov in Miami and charged him with unlicensed money transmitting. Almost simultaneously, Europol arrested four more people allegedly connected to Bitzlato in Europe and seized a server hosting the exchange's hot wallet at a data center in France. As a result, the authorities confiscated 18 million euros worth of crypto \x96 accounting for 35% of Bitzlato users\x92 funds, Shkurenko said. European authorities also froze over 100 accounts at other crypto exchanges linked to Bitzlato, bringing $32 million euros worth of assets under their custody. The U.S. Department of Justice said Bitzlato's largest counterparty was the sanctioned and now defunct darknet marketplace Hydra . It also received over $15 million of ransomware proceeds, and had associations with a Russia-based Ponzi scheme \x93TheFiniko.\x94 Europol said 46% of all the crypto that went through Bitzlato, worth roughly 1 billion euro, \x93had links to criminal activities.\x94 Also according to Europol, 3,500 bitcoin addresses and over a 1,000 user details from Bitzlato systems \x93showed links with various criminal cases reported in Europol\x92s systems.\x94 In an interview to a Russian-language crypto YouTube channel Satoshkin Live on Jan. 31, Shkurenko identified the four people arrested in Europe in January as the former CEO Mikhail Lunev, marketing director Alexander Goncharenko, contractor Pavel Lerner and dev-ops engineer Konstantin (no family name). The first three are still in custody, while Konstantin was released on bail and is currently in Cyprus. Legkodymov remains in custody in the U.S. Dirty crypto The DOJ and Europol said the flow of criminal money was a result of Bitzlato\x92s loose approach to KYC (know-your-customer) and AML (anti-money laundering) measures. Shkurenko claimed Bitzlato has been following E.U. protocols and using \x93AML services,\x94 which would flag suspicious transactions and trigger an investigation at the company, since July 2021. \x93How should I react when a person...gives me money, until there are criminal allegations against him?\x94 Shkurenko declined to name exactly what blockchain analytics products Bitzlato used, saying he did not wish to cause problems for the provider. Shkurenko also claims Bitzlato always responded to requests from law enforcement agencies, including the U.S. Federal Bureau of Investigation. Asked if he remembers what came out of those interactions he said he did not check. In general, Bitzlato\x92s approach was to presume all users innocent until proven guilty, Shkurenko said. \x93How should I react when a person standing in front of me gives me money, until there are criminal allegations against him?\x94 he said. The answer for Bitzlato apparently was: do nothing. At the same time, he said the team was proactive about catching potentially criminal use of the exchange and from time-to-time even browsed the Hydra darknet marketplace in search of Bitzlato users. When found, those accounts would be blocked, he said. On one occasion, Shkurenko recalled, a tech support employee walking to the office saw an ad for an illicit drug shop painted on a fence \x96 it turned out to be a Bitzlato user, upon investigation. The exchange blocked the account, he said. According to U.S. court documents in Legkodymov\x92s case, \x93although Bitzlato sometimes blocked or terminated users who had transacted with Hydra or were otherwise suspected of engaging in drug transactions, its employees sometimes helped users to carry out transactions with Hydra, and sometimes took no action either way.\x94 An old exchange Legkodymov and Shkurenko were former coworkers at Russia\x92s government-owned communications provider Rostelecom, who quit to start other businesses. One effort, a joint crypto mining business named A-XBT, operated mining farms in Russia, China and Abkhazia (a breakaway region of Georgia with a disputed international status). According to Russia\x92s company registry, A-XBT\x92s revenue in 2021 was a bit over $1 million. However, a year later, the company ceased operations after Russian law enforcement opened a criminal case against the owner of the data center in Siberia where A-XBT hosted its ASIC mining machines, Shkurenko said. After that, Shkurenko and Legkodymov decided the project did not justify their efforts, he added. The idea to open a crypto exchange, in 2016, came from the experience of operating mining farms in different regions, Shkurenko said. The partners realized there was no convenient way to trade bitcoin available to them, so they created a Telegram chat bot called BTC Banker, which matched crypto sellers and buyers \x96 later it became Bitzlato. Now, Bitzlato has over 100 employees, Shkurenko said. Bitzlato was not the first Russian exchange facing legal crackdown for allegedly lax KYC and AML procedures. In October 2021, OFAC sanctioned SUEX, a Moscow-based OTC that processed large amounts of crypto linked to scams, drug market and ransomware. Soon after that, the agency sanctioned Chatex , a Telegram-based crypto trading and wallet service linked to SUEX. See also: Shuttered Crypto Exchange Bitzlato Says It Plans to Resume Operations In April 2022, the U.S. Treasury sanctioned Garantex , another exchange with Russian roots. All four exchanges \x96 SUEX, Chatex, Garantex and Bitzlato \x96 used Binance as a major liquidity source. Binance earlier said that it froze the accounts of SUEX , as well as Garantex , even before the OFAC sanctioned them.", "Join the most important conversation in crypto and web3! Secure your seat today\nAnton Shkurenko, a co-founder of Russian crypto exchange Bitzlato shuttered by the U.S. Department of Justice (DOJ) in January, disputed money laundering allegations by U.S. and E.U. authorities.\nShkurenko spoke with CoinDesk after Russian mediareportedhe had been arrested in Moscow on Monday. He said he had been stopped by the police for an ID check, and was released after a conversation. Though he declined to identify what unit of law enforcement detained him, he said he signed an obligation to appear when requested by investigators and received a no-detention warrant to avoid further arrests.\nPolice detained him because he is on the Interpol wanted list, Shkurenko said, but he is unaware of any active criminal cases involving him in Russia. “Otherwise, I wouldn’t be speaking to you now,” he said on a Zoom call, sitting against what looked like an apartment wall decorated with patterned wallpaper.\n“I hope I convinced the prosecutor of my innocence,” he said, adding he cannot disclose details of an ongoing investigation. Bitzlato shut down last month following across-jurisdictional investigationby several U.S. and European agencies, which found connections between the then-little-known exchange and darknet marketplace Hydra.\nShkurenko said he is a “tech consultant” for Bitzlato, but apparently one with a lot of power: He used to be one of the key holders for the exchange’s crypto wallets. He allegedly handed control over those wallets to other members of the team, he told CoinDesk.\nAs for Bitzlato and the allegations it processed over$700 millions of illicit funds, according to authorities, Shkurenko said the exchange did everything to cut off criminals and “is not ashamed” of its work. The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) formally labeled the exchange a “primary money-laundering concern,” a powerful measure often used to cut off a business from the global financial system.\nBitzlato, Shkurenko said, was only “a bulletin board” for crypto trades. In anearlier interviewgiven to a Russian YouTube channel, Shkurenko said Bitzlato did not have any bank accounts and all of its revenue came in crypto.\nEven before the January enforcement action, Bitzlato had begun migrating its infrastructure from Europe to Russia, and most of the users’ funds are now under control of the team, he said. Bitzlato is ready to relaunch and gradually refund users who lost money as a result of the law enforcement shutdown, according to Shkurenko.\nSee also:Binance Named as Counterparty in FinCEN Order Against Bitzlato\nIt won’t take a lot of effort, he said: “I could launch the exchange from my apartment. Two small servers are enough.”\nBitzlato, a Hong Kong-registered exchange with Russian founders, had been operating since 2016 and went down in January, when Department of Justice representatives working with FinCEN arrested founder Anatoly Legkodymov in Miami andchargedhim with unlicensed money transmitting.\nAlmost simultaneously, Europolarrestedfour more people allegedly connected to Bitzlato in Europe and seized a server hosting the exchange's hot wallet at a data center in France. As a result, the authorities confiscated 18 million euros worth of crypto – accounting for 35% of Bitzlato users’ funds, Shkurenko said. European authorities also froze over 100 accounts at other crypto exchanges linked to Bitzlato, bringing $32 million euros worth of assets under their custody.\nThe U.S. Department of JusticesaidBitzlato's largest counterparty was thesanctionedand now defunct darknet marketplaceHydra. It also received over $15 million of ransomware proceeds, and had associations with a Russia-based Ponzi scheme “TheFiniko.” Europolsaid46% of all the crypto that went through Bitzlato, worth roughly 1 billion euro, “had links to criminal activities.” Also according to Europol, 3,500 bitcoin addresses and over a 1,000 user details from Bitzlato systems “showed links with various criminal cases reported in Europol’s systems.”\nIn aninterviewto a Russian-language crypto YouTube channel Satoshkin Live on Jan. 31, Shkurenko identified the four people arrested in Europe in January as the former CEO Mikhail Lunev, marketing director Alexander Goncharenko, contractor Pavel Lerner and dev-ops engineer Konstantin (no family name). The first three are still in custody, while Konstantin was released on bail and is currently in Cyprus.\nLegkodymov remains in custody in the U.S.\nThe DOJ and Europol said the flow of criminal money was a result of Bitzlato’s loose approach to KYC (know-your-customer) and AML (anti-money laundering) measures. Shkurenko claimed Bitzlato has been following E.U. protocols and using “AML services,” which would flag suspicious transactions and trigger an investigation at the company, since July 2021.\n“How should I react when a person...gives me money, until there are criminal allegations against him?”\nShkurenko declined to name exactly what blockchain analytics products Bitzlato used, saying he did not wish to cause problems for the provider.\nShkurenko also claims Bitzlato always responded to requests from law enforcement agencies, including the U.S. Federal Bureau of Investigation. Asked if he remembers what came out of those interactions he said he did not check. In general, Bitzlato’s approach was to presume all users innocent until proven guilty, Shkurenko said.\n“How should I react when a person standing in front of me gives me money, until there are criminal allegations against him?” he said. The answer for Bitzlato apparently was: do nothing.\nAt the same time, he said the team was proactive about catching potentially criminal use of the exchange and from time-to-time even browsed the Hydra darknet marketplace in search of Bitzlato users. When found, those accounts would be blocked, he said. On one occasion, Shkurenko recalled, a tech support employee walking to the office saw an ad for an illicit drug shop painted on a fence – it turned out to be a Bitzlato user, upon investigation. The exchange blocked the account, he said.\nAccording to U.S. court documents in Legkodymov’s case, “although Bitzlato sometimes blocked or terminated users who had transacted with Hydra or were otherwise suspected of engaging in drug transactions, its employees sometimes helped users to carry out transactions with Hydra, and sometimes took no action either way.”\nLegkodymov and Shkurenko were former coworkers at Russia’s government-owned communications provider Rostelecom, who quit to start other businesses. One effort, a joint crypto mining business named A-XBT, operated mining farms in Russia, China and Abkhazia (a breakaway region of Georgia with a disputed international status).\nAccording to Russia’s company registry, A-XBT’s revenue in 2021 was a bit over $1 million. However, a year later, the company ceased operations after Russian law enforcement opened a criminal case against the owner of the data center in Siberia where A-XBT hosted itsASICmining machines, Shkurenko said. After that, Shkurenko and Legkodymov decided the project did not justify their efforts, he added.\nThe idea to open a crypto exchange, in 2016, came from the experience of operating mining farms in different regions, Shkurenko said. The partners realized there was no convenient way to trade bitcoin available to them, so they created a Telegram chat bot called BTC Banker, which matched crypto sellers and buyers – later it became Bitzlato.\nNow, Bitzlato has over 100 employees, Shkurenko said.\nBitzlato was not the first Russian exchange facing legal crackdown for allegedly lax KYC and AML procedures. In October 2021, OFACsanctionedSUEX, aMoscow-based OTCthat processed large amounts of crypto linked to scams, drug market and ransomware. Soon after that, the agencysanctioned Chatex, a Telegram-based crypto trading and wallet service linked to SUEX.\nSee also:Shuttered Crypto Exchange Bitzlato Says It Plans to Resume Operations\nIn April 2022, the U.S. Treasurysanctioned Garantex, another exchange with Russian roots. All four exchanges – SUEX, Chatex, Garantex and Bitzlato – used Binance as a major liquidity source. Binance earlier said that it froze the accounts ofSUEX, as well asGarantex, even before the OFAC sanctioned them.", 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin swung below $22K after crypto exchange Kraken agreed to sunset its crypto staking operations; altcoins fell, although liquid staking tokens were an exception. Insights: Whales are sending bitcoin back to exchanges, while retail investors are removing the asset. What could the trend mean? Prices CoinDesk Market Index (CMI) 1,036 −39.8 ▼ 3.7% Bitcoin (BTC) $21,827 −1143.2 ▼ 5.0% Ethereum (ETH) $1,546 −108.9 ▼ 6.6% S&P 500 4,081.50 −36.4 ▼ 0.9% Gold $1,860 −17.6 ▼ 0.9% Nikkei 225 27,584.35 −22.1 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Kraken Settlement, Fresh Regulatory Concerns and a Crypto Decline So much for $24,000. Or $23,000. Over a 24-hour period that raised fresh concerns about the future of crypto regulation, bitcoin tumbled to $21,827, a more than 5% drop that sent the largest cryptocurrency to its lowest level in about two weeks. Much of the decline came after crypto exchange Kraken agreed to “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities. “Today’s action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair and truthful disclosure and investor protection," SEC Chair Gary Gensler said of the settlement. In an interview with CoinDesk TV, Brett Sifling, an investment adviser at wealth management firm Gerber Kawasaki, highlighted the need for improved regulation to help "crypto truly to go to the next level." "Innovation has outpaced the legislation that our government has put forward," Sifling said. "We need some blood, some sign of trust that our government is going to back us and that there isn\'t just going to be the Wild West out there with a bunch of criminals in the industry, because it ultimately hurts the common person." Story continues He added: "If we want wide-scale adoption, we need to have these rules in place so that we can ultimately build and have confidence putting investments into the market and knowing that they\'re not gonna disappear one day when you wake up." Ether, the second-largest crypto by market cap, behaved similarly, dropping from its previous support comfortably above $1,600 to about $1,546, a 6.6% decline from Wednesday same time, that was part of a wider market downswing. The drop-off after a five-week spike began after Coinbase CEO Brian Armstrong tweeted Wednesday that his firm had heard rumors the SEC wanted to ban retail investors from engaging in crypto staking , the income-generating technique at the core of running blockchains including Ethereum . Most other cryptos spent the day in solidly negative territory, although liquidity staking tokens were exceptions as LDO , the governance token of Lido Finance, the largest liquid staking protocol with some $8.4 billion of staked ether (ETH) on the platform, jumping 10.4% in an hour at one point. LDO was more recently up about 2%. LDO competitor Rocket Pool’s RPL and smaller liquid staking platform’s tokens such as Persistence’s pSTAKE and StaFi’s FIS all rose handsomely in the aftermath of the Kraken announcement. Equity markets unaffected by the crypto news fell more gently with the tech-heavy Nasdaq and S&P 500, which has a strong technology component, each dropping about 1%. Investors had sent stocks higher earlier in the day after an encouraging increase in weekly jobless claims suggested that the hot job market might finally be cooling and that the U.S. central bank\'s monetary aggressiveness was working to staunch inflation. Job figures have remained stubbornly positive for months even as other indicators have suggested an economic contraction that historically leads to lower prices. Gerber Kawasaki\'s Sifling was cautiously optimistic about crypto\'s path ahead, noting that bitcoin had been trading in a narrow range for months. "Crypto has had a great run this year. Inflation is decelerating. The macro factors are improving. But it\'s still really been range bound, since August. I wouldn\'t get too excited yet until we come out of this range." Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −16.1% Entertainment Terra LUNA −14.2% Smart Contract Platform Decentraland MANA −12.3% Entertainment Insights Whale Investors Sending More Bitcoin to Exchanges Bitcoin “whales,” investors who hold over 1,000 BTC, are beginning to move bitcoin back onto centralized exchanges. The trend comes even as on-chain activity shows that smaller investors are removing BTC from exchanges. As coin movement from exchanges is generally bullish, while the opposite is bearish, one interpretation is that both larger and smaller investors are wrong about which way the market is headed with the former too downcast and the latter overly optimistic. The other interpretation, however, is that whales are simply managing their downside risk because they have more to potentially lose. Regardless, many market observers will likely continue to eye the trend. (Glassnode) Important events 3:00 p.m. HKT/SGT(7:00 UTC) United Kingdom Gross Domestic Product (QoQ) 9:30 p.m. HKT/SGT(13:30 UTC) Canada Net Change in Employment (Jan) 11:00 p.m. HKT/SGT(15:00 UTC) Michigan Consumer Sentiment Index (Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Exchange LocalBitcoins to Close; Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs Bitcoin exchange LocalBitcoins is set to discontinue its service this month in response to the "ongoing very cold crypto winter." Okcoin Chief Operating Officer Jason Lau shared his crypto markets analysis. Plus, Enclave Markets General Counsel Olta Andoni weighed in after a nine-person jury in the copyright infringement trial between Hèrmes and non-fungible token (NFT) artist Mason Rothschild ruled in favor of the French luxury brand. SALT Lending CEO Shawn Owen also joined the conversation, as the crypto lender raises $64.4M to resume operations. Headlines Kraken to Shut Crypto-Staking Service, Pay $30M Fine in SEC Settlement: Announcement from SEC confirms a CoinDesk scoop from earlier Thursday. Bitcoin Punks: Ordinal NFT Collection Soars in Value: Late Wednesday, one Ordinal Punk NFT minted on the Bitcoin-native Ordinals Protocol sold for 9.5 BTC, roughly $214,000. Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims: Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC. DeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin: Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin. Aave Deploys Native Stablecoin GHO on Ethereum Testnet: GHO joins an increasingly competitive space as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin swung below $22K after crypto exchange Kraken agreed to sunset its crypto staking operations; altcoins fell, although liquid staking tokens were an exception.\nInsights:Whales are sending bitcoin back to exchanges, while retail investors are removing the asset. What could the trend mean?\nCoinDesk Market Index (CMI)\n1,036\n−39.8▼3.7%\nBitcoin (BTC)\n$21,827\n−1143.2▼5.0%\nEthereum (ETH)\n$1,546\n−108.9▼6.6%\nS&P 500\n4,081.50\n−36.4▼0.9%\nGold\n$1,860\n−17.6▼0.9%\nNikkei 225\n27,584.35\n−22.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Kraken Settlement, Fresh Regulatory Concerns and a Crypto Decline\nSo much for $24,000. Or $23,000.\nOver a 24-hour period that raised fresh concerns about the future of crypto regulation, bitcoin tumbled to $21,827, a more than 5% drop that sent the largest cryptocurrency to its lowest level in about two weeks. Much of the decline came after crypto exchange Krakenagreed to“immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities.\n“Today’s action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair and truthful disclosure and investor protection," SEC Chair Gary Gensler said of the settlement.\nIn an interview with CoinDesk TV, Brett Sifling, an investment adviser at wealth management firm Gerber Kawasaki, highlighted the need for improved regulation to help "crypto truly to go to the next level."\n"Innovation has outpaced the legislation that our government has put forward," Sifling said. "We need some blood, some sign of trust that our government is going to back us and that there isn\'t just going to be the Wild West out there with a bunch of criminals in the industry, because it ultimately hurts the common person."\nHe added: "If we want wide-scale adoption, we need to have these rules in place so that we can ultimately build and have confidence putting investments into the market and knowing that they\'re not gonna disappear one day when you wake up."\nEther, the second-largest crypto by market cap, behaved similarly, dropping from its previous support comfortably above $1,600 to about $1,546, a 6.6% decline from Wednesday same time, that was part of a wider market downswing. The drop-off after a five-week spike began after Coinbase CEO Brian Armstrong tweeted Wednesday that his firmhad heardrumors the SEC wanted to ban retail investors from engaging incrypto staking, the income-generating technique at the core of running blockchains includingEthereum.\nMost other cryptos spent the day in solidly negative territory, although liquidity staking tokens were exceptions asLDO, the governance token of Lido Finance, thelargest liquid staking protocolwith some $8.4 billion of staked ether (ETH) on the platform, jumping 10.4% in an hour at one point. LDO was more recently up about 2%. LDO competitor Rocket Pool’s RPL and smaller liquid staking platform’s tokens such as Persistence’s pSTAKE and StaFi’s FIS all rose handsomely in the aftermath of the Kraken announcement.\nEquity markets unaffected by the crypto news fell more gently with the tech-heavy Nasdaq and S&P 500, which has a strong technology component, each dropping about 1%. Investors had sent stocks higher earlier in the day after an encouraging increase in weekly jobless claims suggested that the hot job market might finally be cooling and that the U.S. central bank\'s monetary aggressiveness was working to staunch inflation. Job figures have remained stubbornly positive for months even as other indicators have suggested an economic contraction that historically leads to lower prices.\nGerber Kawasaki\'s Sifling was cautiously optimistic about crypto\'s path ahead, noting that bitcoin had been trading in a narrow range for months. "Crypto has had a great run this year. Inflation is decelerating. The macro factors are improving. But it\'s still really been range bound, since August. I wouldn\'t get too excited yet until we come out of this range."\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221216.1%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u221214.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u221212.3%", "DACS Sector": "Entertainment"}]\nWhale Investors Sending More Bitcoin to Exchanges\nBitcoin “whales,” investors who hold over 1,000 BTC, are beginning to move bitcoin back onto centralized exchanges.\nThe trend comes even as on-chain activity shows that smaller investors are removing BTC from exchanges.\nAs coin movement from exchanges is generally bullish, while the opposite is bearish, one interpretation is that both larger and smaller investors are wrong about which way the market is headed with the former too downcast and the latter overly optimistic.\nThe other interpretation, however, is that whales are simply managing their downside risk because they have more to potentially lose. Regardless, many market observers will likely continue to eye the trend.\n3:00 p.m. HKT/SGT(7:00 UTC)United Kingdom Gross Domestic Product (QoQ)\n9:30 p.m. HKT/SGT(13:30 UTC)Canada Net Change in Employment (Jan)\n11:00 p.m. HKT/SGT(15:00 UTC)Michigan Consumer Sentiment Index (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Exchange LocalBitcoins to Close; Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs\nBitcoin exchange LocalBitcoins is set to discontinue its service this month in response to the "ongoing very cold crypto winter." Okcoin Chief Operating Officer Jason Lau shared his crypto markets analysis. Plus, Enclave Markets General Counsel Olta Andoni weighed in after a nine-person jury in the copyright infringement trial between Hèrmes and non-fungible token (NFT) artist Mason Rothschild ruled in favor of the French luxury brand. SALT Lending CEO Shawn Owen also joined the conversation, as the crypto lender raises $64.4M to resume operations.\nKraken to Shut Crypto-Staking Service, Pay $30M Fine in SEC Settlement:Announcement from SEC confirms a CoinDesk scoop from earlier Thursday.\nBitcoin Punks: Ordinal NFT Collection Soars in Value:Late Wednesday, one Ordinal Punk NFT minted on the Bitcoin-native Ordinals Protocol sold for 9.5 BTC, roughly $214,000.\nThree Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims:Named Open Exchange, the platform aims to be a home for trading what it says is a $20 billion market of claims against bankrupt crypto firms, including those of 3AC.\nDeFi Giant MakerDAO Integrates Blockchain Data Provider Chainlink for DAI Stablecoin:Chainlink Automation will run specific tasks, including price updates and liquidity balancing, to help maintain the stability of Maker’s $5 billion DAI stablecoin.\nAave Deploys Native Stablecoin GHO on Ethereum Testnet:GHO joins an increasingly competitive space as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin swung below $22K after crypto exchange Kraken agreed to sunset its crypto staking operations; altcoins fell, although liquid staking tokens were an exception.\nInsights:Whales are sending bitcoin back to exchanges, while retail investors are removing the asset. What could the trend mean?\nCoinDesk Market Index (CMI)\n1,036\n−39.8▼3.7%\nBitcoin (BTC)\n$21,827\n−1143.2▼5.0%\nEthereum (ETH)\n$1,546\n−108.9▼6.6%\nS&P 500\n4,081.50\n−36.4▼0.9%\nGold\n$1,860\n−17.6▼0.9%\nNikkei 225\n27,584.35\n−22.1▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Kraken Settlement, Fresh Regulatory Concerns and a Crypto Decline\nSo much for $24,000. Or $23,000.\nOver a 24-hour period that raised fresh concerns about the future of crypto regulation, bitcoin tumbled to $21,827, a more than 5% drop that sent the largest cryptocurrency to its lowest level in about two weeks. Much of the decline came after crypto exchange Krakenagreed to“immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) cha
**Last 60 Days of Bitcoin's Closing Prices:**
[17206.44, 17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-10
**Financial & Commodity Data:**
- Gold Closing Price: $1862.80
- Crude Oil Closing Price: $79.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $420,847,716,112
- Hash Rate: 287553456.1571967
- Transaction Count: 300092.0
- Unique Addresses: 700869.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: EINDHOVEN, NETHERLANDS / ACCESSWIRE / December 21, 2022 / Syscoin, a decentralized and open-source project founded in 2014, has announced a long-term partnership with WEconomy, the largest Web3 incubator in Asia. The move marks a significant expansion milestone for the Syscoin ecosystem and adoption across Asia. Syscoin, Wednesday, December 21, 2022, Press release picture The newly founded WEconomy, currently consists of seventy startup projects and DAOs (Decentralized Autonomous Organizations) from across Asia, including China, Taiwan, and Vietnam. Its mission is to have 100 projects within its incubator and ready to deploy on time with the launch of Syscoin's Layer 2, named Rollux, in Q1 2023. Rollux is the first EVM-compatible Layer 2 rollup suite currently positioned to go live on mainnet. "We are pleased to welcome WEconomy into the fold and look forward to making our mark on Asia, We are on the verge of releasing Rollux, the first EVM-compatible Layer 2 complete with rollups and our proprietary Proof-of-Data Availability solution, set to be the first of its kind to launch on mainnet next year. This represents a major breakthrough in scalability that will usher in mass adoption as we realize the true Web3 experience unhindered by scaling ceilings in fee," noted Jagdeep Sidhu, Lead Core Developer & President of the Syscoin Foundation." WEconomy has already been utilizing Syscoin's NEVM [Layer 1] network and their Rollux testnet [Layer 2] to prepare its projects to be ready to go live once Rollux launches. It operates a self-sufficient DAO and continuously assesses the progress of its members for accountability. "WEconomy is a large collection of teams, most of whom are Web2 and eager to migrate to Web3. We recognize the technology of Syscoin is best prepared to help us make this transition thanks to their Ethereum-compatible Layer 2, which will launch before anyone else's. We thank the Syscoin team for all of their help and look forward to continuing to work together," said Kering, Head of WEconomy. Asia is a hotbed of Web3 innovation and home to the largest number of developers within the space. WEconomy establishes a strategic foothold in this important market. According to market research and strategy consulting company Emergen Research, the Asia Pacific market is expected to experience the fastest revenue growth through 2030. About Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform. Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true scalability via Optimistic, ZK-Rollups, Cross-chain ZK-Rollups and other Layer 2 technologies. Story continues Website | Discord | Telegram | News | Github | YouTube | Facebook | Twitter | Instagram WEconomy is a Syscoin Web3 incubator for Asia. They are investor-backed and utilizing a DAO model to fund the projects accepted into their ecosystem. Developed for Syscoin's Layer 2 Rollux, they currently host seventy projects and are aiming to reach 100 by the time of Rollux reaching mainnet in Q1 2023. Website | Twitter | Telegram | Discord Media Contact Dylan Stewart Email - [email protected] Wang Guo Email - [email protected] SOURCE: Syscoin View source version on accesswire.com: https://www.accesswire.com/732730/Syscoin-Signs-Major-Deal-to-Boost-Web3-Development-in-Asia View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let\'s put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what\'s necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book \'The Dark Secret of the Silicon Valley\', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito', 'The PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let\'s put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what\'s necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book \'The Dark Secret of the Silicon Valley\', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito', "Photo: JeremyWord (Shutterstock) You\x92ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station. Should you be foolish enough to approach, the eyesore will encourage you to dig into your wallet and fork over cold hard cash in exchange for make-believe money from the internet... It\x92s...*shudders*...the dreaded crypto ATM. A bizarre artifact of the current cultural moment, these machines have flooded U.S. cities over the past several years, but boom times for the little bitcoin dispensers may soon be at an end. One of their biggest U.S. operators is broke. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space Apple's 12 Most Embarrassing Product Failures Cash Cloud\x97which supplies some 7.9 percent of the bitcoin ATM machines in the U.S.\x97filed for Chapter 11 bankruptcy in Nevada bankruptcy court on Tuesday, Cointelegraph reports . The company\x92s bankruptcy comes mere weeks after Cash Cloud\x92s biggest financial supporter , the crypto lender Genesis Global, also filed for bankruptcy , yet another victim of cryptocurrency\x92s massive downturn over the past nine months. The Las Vegas-based ATM vendor, which sells its line of Coin Cloud crypto machines in both the U.S. and Brazil, has only $50 million to $100 million in assets but has liabilities between $100 million to $500 million, according to its bankruptcy filing . The filing also says that the company has between 5,001 and 10,000 creditors. I\x92m no Goldman Sachs intern, but I\x92d say that seems bad. Gizmodo reached out to Coin Cloud for comment and will update this story if it responds. In a statement provided to Cointelegraph, Chris McAlary, the founder and CEO of Coin Cloud, said that the bankruptcy would allow the company to \x93rework our debt, protect the interests of our creditors, and emerge as a stronger, more financially stable company.\x94 McAlary added that he was still \x93optimistic about the future of the cryptocurrency industry.\x94 Story continues Over the past several years, crypto ATMs crept into America\x92s less glamorous places, popping up in cities\x92 truck stops, gas stations, and convenience stores, as crypto\x92s brief national glowup proceeded in earnest. That glowup is decidedly over. Axios writes that, between September 2020 and September 2022, the number of machines in the U.S. more than tripled, driving the total number up to at least 63,000 machines, according to one online estimate. Of that number, Coin Cloud played an important role, representing a 7.9% share of the nation\x92s bitcoin ATM market overall, Axios writes. However, that prominence didn\x92t allow it to escape the destructive reach of the ongoing \x93 crypto winter .\x94 More from Gizmodo The Best College Science and Tech Programs Fast Food Apps, Ranked Sign up for Gizmodo's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", "Photo: JeremyWord (Shutterstock) You\x92ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station. Should you be foolish enough to approach, the eyesore will encourage you to dig into your wallet and fork over cold hard cash in exchange for make-believe money from the internet... It\x92s...*shudders*...the dreaded crypto ATM. A bizarre artifact of the current cultural moment, these machines have flooded U.S. cities over the past several years, but boom times for the little bitcoin dispensers may soon be at an end. One of their biggest U.S. operators is broke. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space Apple's 12 Most Embarrassing Product Failures Cash Cloud\x97which supplies some 7.9 percent of the bitcoin ATM machines in the U.S.\x97filed for Chapter 11 bankruptcy in Nevada bankruptcy court on Tuesday, Cointelegraph reports . The company\x92s bankruptcy comes mere weeks after Cash Cloud\x92s biggest financial supporter , the crypto lender Genesis Global, also filed for bankruptcy , yet another victim of cryptocurrency\x92s massive downturn over the past nine months. The Las Vegas-based ATM vendor, which sells its line of Coin Cloud crypto machines in both the U.S. and Brazil, has only $50 million to $100 million in assets but has liabilities between $100 million to $500 million, according to its bankruptcy filing . The filing also says that the company has between 5,001 and 10,000 creditors. I\x92m no Goldman Sachs intern, but I\x92d say that seems bad. Gizmodo reached out to Coin Cloud for comment and will update this story if it responds. In a statement provided to Cointelegraph, Chris McAlary, the founder and CEO of Coin Cloud, said that the bankruptcy would allow the company to \x93rework our debt, protect the interests of our creditors, and emerge as a stronger, more financially stable company.\x94 McAlary added that he was still \x93optimistic about the future of the cryptocurrency industry.\x94 Story continues Over the past several years, crypto ATMs crept into America\x92s less glamorous places, popping up in cities\x92 truck stops, gas stations, and convenience stores, as crypto\x92s brief national glowup proceeded in earnest. That glowup is decidedly over. Axios writes that, between September 2020 and September 2022, the number of machines in the U.S. more than tripled, driving the total number up to at least 63,000 machines, according to one online estimate. Of that number, Coin Cloud played an important role, representing a 7.9% share of the nation\x92s bitcoin ATM market overall, Axios writes. However, that prominence didn\x92t allow it to escape the destructive reach of the ongoing \x93 crypto winter .\x94 More from Gizmodo The Best College Science and Tech Programs Fast Food Apps, Ranked Sign up for Gizmodo's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", "Photo: JeremyWord (Shutterstock) You\x92ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station. Should you be foolish enough to approach, the eyesore will encourage you to dig into your wallet and fork over cold hard cash in exchange for make-believe money from the internet... It\x92s...*shudders*...the dreaded crypto ATM. A bizarre artifact of the current cultural moment, these machines have flooded U.S. cities over the past several years, but boom times for the little bitcoin dispensers may soon be at an end. One of their biggest U.S. operators is broke. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space Apple's 12 Most Embarrassing Product Failures Cash Cloud\x97which supplies some 7.9 percent of the bitcoin ATM machines in the U.S.\x97filed for Chapter 11 bankruptcy in Nevada bankruptcy court on Tuesday, Cointelegraph reports . The company\x92s bankruptcy comes mere weeks after Cash Cloud\x92s biggest financial supporter , the crypto lender Genesis Global, also filed for bankruptcy , yet another victim of cryptocurrency\x92s massive downturn over the past nine months. The Las Vegas-based ATM vendor, which sells its line of Coin Cloud crypto machines in both the U.S. and Brazil, has only $50 million to $100 million in assets but has liabilities between $100 million to $500 million, according to its bankruptcy filing . The filing also says that the company has between 5,001 and 10,000 creditors. I\x92m no Goldman Sachs intern, but I\x92d say that seems bad. Gizmodo reached out to Coin Cloud for comment and will update this story if it responds. In a statement provided to Cointelegraph, Chris McAlary, the founder and CEO of Coin Cloud, said that the bankruptcy would allow the company to \x93rework our debt, protect the interests of our creditors, and emerge as a stronger, more financially stable company.\x94 McAlary added that he was still \x93optimistic about the future of the cryptocurrency industry.\x94 Story continues Over the past several years, crypto ATMs crept into America\x92s less glamorous places, popping up in cities\x92 truck stops, gas stations, and convenience stores, as crypto\x92s brief national glowup proceeded in earnest. That glowup is decidedly over. Axios writes that, between September 2020 and September 2022, the number of machines in the U.S. more than tripled, driving the total number up to at least 63,000 machines, according to one online estimate. Of that number, Coin Cloud played an important role, representing a 7.9% share of the nation\x92s bitcoin ATM market overall, Axios writes. However, that prominence didn\x92t allow it to escape the destructive reach of the ongoing \x93 crypto winter .\x94 More from Gizmodo The Best College Science and Tech Programs Fast Food Apps, Ranked Sign up for Gizmodo's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", "Those hoping for a 2023 Bitcoin bull run will have to keep waiting. Most of the leading cryptocurrencies posted pronounced losses in value over the past week, putting a damper on thenear-continuous market gainsseen since the start of the new year.\nBitcoin (BTC) took its biggest intraweek loss of the year so far. The world’s top cryptocurrency by market cap sank 7.5% over the last seven days to $21,760 at the start of the weekend, according to CoinGecko data. Ethereum, the No. 2 cryptocurrency by market cap, sank 8.5% this week to change hands at $1,524 at the time of writing.\nMuch of the bearish sentiment this week stemmedfrom U.S. regulators, who have kept hawkish eyes on crypto in the wake of several high-profile bankruptcies last year from firms like Celsius, Three Arrows Capital, and FTX.\nOn Wednesday, Coinbase CEO Brian Armstrong tweeted that he’d heard “rumors that the SEC would like toget rid of crypto stakingin the U.S. for retail customers.”\nArmstrong then defended the practice of Ethereum staking, whereby anyone with 32 ETH (about $50,000) can lock up their coins and start mining Ethereum. The Coinbase CEO argued that this does not make Ethereum a security.\nBy Thursday, the rumors were confirmed when the SEC announced it hadhit Kraken with a $30 million fineand ordered it to shut down its staking service. The implications of this enforcement actionare far-reaching.\nAs for the rest of the crypto market, one of the biggest drops in value among the top thirty coins this week came from Monero (XMR), a coin that facilitates private transactions. Monero sank 14% to hit $154 at the time of writing.\nAvalanche (AVAX) similarly dropped by 13.5% and trades at $18.14 as of this writing. Popular memecoin Dogecoin (DOGE) also dropped 13% and currently sits at $0.082035.\nSolana (SOL) faced the stiffest losses among top cryptocurrencies and shaved 17% of its market value to trade at $20.85 on Saturday.\nHolders of Cardano (ADA), Litecoin (LTC), Cosmos Hub (ATOM), and Toncoin (TON) all saw their bags drop by 8%.\nThe only leading cryptocurrency that posted significant gains this week was the DAO token for crypto’s largest liquid staking protocol Lido Finance. LDO blew up 11% to $2.55 after the team released details of amajor upgradefocusing on unlocking withdrawals on Ethereum and diversifying the network’s validators.\nThe upgrade still needs to be approved by a DAO vote, so LDO’s upward price action was likely spurred on by investors wanting to vote, in addition to those concerned about the future of Ethereum staking after the SEC's chilling action against Kraken. That move will likely continue to hang over crypto markets for weeks.", "Those hoping for a 2023 Bitcoin bull run will have to keep waiting. Most of the leading cryptocurrencies posted pronounced losses in value over the past week, putting a damper on thenear-continuous market gainsseen since the start of the new year.\nBitcoin (BTC) took its biggest intraweek loss of the year so far. The world’s top cryptocurrency by market cap sank 7.5% over the last seven days to $21,760 at the start of the weekend, according to CoinGecko data. Ethereum, the No. 2 cryptocurrency by market cap, sank 8.5% this week to change hands at $1,524 at the time of writing.\nMuch of the bearish sentiment this week stemmedfrom U.S. regulators, who have kept hawkish eyes on crypto in the wake of several high-profile bankruptcies last year from firms like Celsius, Three Arrows Capital, and FTX.\nOn Wednesday, Coinbase CEO Brian Armstrong tweeted that he’d heard “rumors that the SEC would like toget rid of crypto stakingin the U.S. for retail customers.”\nArmstrong then defended the practice of Ethereum staking, whereby anyone with 32 ETH (about $50,000) can lock up their coins and start mining Ethereum. The Coinbase CEO argued that this does not make Ethereum a security.\nBy Thursday, the rumors were confirmed when the SEC announced it hadhit Kraken with a $30 million fineand ordered it to shut down its staking service. The implications of this enforcement actionare far-reaching.\nAs for the rest of the crypto market, one of the biggest drops in value among the top thirty coins this week came from Monero (XMR), a coin that facilitates private transactions. Monero sank 14% to hit $154 at the time of writing.\nAvalanche (AVAX) similarly dropped by 13.5% and trades at $18.14 as of this writing. Popular memecoin Dogecoin (DOGE) also dropped 13% and currently sits at $0.082035.\nSolana (SOL) faced the stiffest losses among top cryptocurrencies and shaved 17% of its market value to trade at $20.85 on Saturday.\nHolders of Cardano (ADA), Litecoin (LTC), Cosmos Hub (ATOM), and Toncoin (TON) all saw their bags drop by 8%.\nThe only leading cryptocurrency that posted significant gains this week was the DAO token for crypto’s largest liquid staking protocol Lido Finance. LDO blew up 11% to $2.55 after the team released details of amajor upgradefocusing on unlocking withdrawals on Ethereum and diversifying the network’s validators.\nThe upgrade still needs to be approved by a DAO vote, so LDO’s upward price action was likely spurred on by investors wanting to vote, in addition to those concerned about the future of Ethereum staking after the SEC's chilling action against Kraken. That move will likely continue to hang over crypto markets for weeks.", "This week in coins. Illustration by Mitchell Preffer for Decrypt. Those hoping for a 2023 Bitcoin bull run will have to keep waiting. Most of the leading cryptocurrencies posted pronounced losses in value over the past week, putting a damper on the near-continuous market gains seen since the start of the new year. Bitcoin (BTC) took its biggest intraweek loss of the year so far. The world’s top cryptocurrency by market cap sank 7.5% over the last seven days to $21,760 at the start of the weekend, according to CoinGecko data. Ethereum, the No. 2 cryptocurrency by market cap, sank 8.5% this week to change hands at $1,524 at the time of writing. Much of the bearish sentiment this week stemmed from U.S. regulators , who have kept hawkish eyes on crypto in the wake of several high-profile bankruptcies last year from firms like Celsius, Three Arrows Capital, and FTX. On Wednesday, Coinbase CEO Brian Armstrong tweeted that he’d heard “rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers.” Armstrong then defended the practice of Ethereum staking, whereby anyone with 32 ETH (about $50,000) can lock up their coins and start mining Ethereum. The Coinbase CEO argued that this does not make Ethereum a security. By Thursday, the rumors were confirmed when the SEC announced it had hit Kraken with a $30 million fine and ordered it to shut down its staking service. The implications of this enforcement action are far-reaching . As for the rest of the crypto market, one of the biggest drops in value among the top thirty coins this week came from Monero (XMR), a coin that facilitates private transactions. Monero sank 14% to hit $154 at the time of writing. Avalanche (AVAX) similarly dropped by 13.5% and trades at $18.14 as of this writing. Popular memecoin Dogecoin (DOGE) also dropped 13% and currently sits at $0.082035. Solana (SOL) faced the stiffest losses among top cryptocurrencies and shaved 17% of its market value to trade at $20.85 on Saturday. Holders of Cardano (ADA), Litecoin (LTC), Cosmos Hub (ATOM), and Toncoin (TON) all saw their bags drop by 8%. The only leading cryptocurrency that posted significant gains this week was the DAO token for crypto’s largest liquid staking protocol Lido Finance. LDO blew up 11% to $2.55 after the team released details of a major upgrade focusing on unlocking withdrawals on Ethereum and diversifying the network’s validators. The upgrade still needs to be approved by a DAO vote, so LDO’s upward price action was likely spurred on by investors wanting to vote, in addition to those concerned about the future of Ethereum staking after the SEC's chilling action against Kraken. That move will likely continue to hang over crypto markets for weeks.", 'In this article, we will be taking a look at the 25 most dangerous cities in the U.S.. To skip our detailed analysis, you can go directly to see the 5 most dangerous cities in the US. America is a paradox; on one hand, it is home to the most powerful military in the world and is the biggest economy in the world by far, not to mention the most technologically advanced country in the world . However, the one thing that cannot be ignored is the crime problem in many cities in the U.S., including some of the biggest cities there. In 2021, according to the FBI, murders in the U.S. rose by 4% as compared to the previous year even though overall violent crime fell by 1%. This fall was largely driven by a drop in robbery of 9% though this also may be due to the FBI switching to a new system and Axios mentioning that around 40% of total law enforcement failed to report statistics for 2021. These statistics in fact support the belief that overall crime in the U.S. isn\'t much higher than other developing nations, it is just more lethal. More than 75% of Americans feel safe walking alone at night, which shows that perceived crime isn\'t high either in the country. While the overall violent crime rate has declined from over 500 per 100,000 people in 2000 to 395.7 per 100,000 people in 2021, a decrease of over 20%, the U.S. is still home to the highest rate of violent deaths per 100,000 people as compared to other high income, developed nations. In fact, according to a study by the University of San Francisco, the overall firearm death rate is 11.4 times higher in the U.S. than other high income countries. Unfortunately, this study showed that 91.6% of all women killed by guns were in the U.S. as were 96.7% of children aged 0-4 who were killed by guns. This historic gap between the U.S. and other high income countries continues to this day and is unlikely to improve any time soon, which creates a dire picture for the most dangerous cities in the U.S. Story continues 25 most dangerous cities in the US leolintang/Shutterstock.com One of the reasons behind this is that the U.S. has the highest guns per capita of any country in the world, with a 2017 estimate of 120.5 civilian firearms per 100 persons, almost twice that of second-placed Falkland Islands and more than 4 times that of fifth placed Serbia. The second amendment in the U.S. constitution states "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed." The population has taken this quite to heart, especially in some of the most dangerous cities in the U.S., which is one of the reasons why the U.S. has more school shootings than any other country in the world. Crime always has a direct impact on business, and lack thereof. There are plenty of studies which suggest that fear of victimization can result in consumers, workers and entrepreneurs to change how they operate which can result in a higher cost of business and the area\'s economic development. The higher cost is often because of higher insurance while operating in a higher risk area, while higher costs are also a result of higher chance of robbery or damage to property. If an area has a higher level of crime, both violent and property, the chances of a business failing or relocating are higher too. This makes higher crime areas unattractive for potential investors. Further, high risk areas have lower footfall which again impact the potential growth of businesses. In absolute terms, Los Angeles has the highest number of violent crimes in the country, followed by Detroit, Memphis, Phoenix and Baltimore. To determine our ranking of the most dangerous cities in the U.S., we consulted FBI statistics on both violent and property crimes in 2019, the latest year for which data is available, with the database containing over 500 cities. We then calculated the crime rate per 100,000 people for both statistics, giving 70% weightage to violent crime and 30% weightage to property crime, as the former is more dangerous. We then filtered out cities with a population of at least 100,000 people. So, without further ado, let\'s take a look at the cities to potentially avoid in the U.S., starting with: 25. Cincinnati, OH Total violent crimes per 100,000 people: 845 Total property crimes per 100,000 people: 4,303 Cincinnati is the second-most dangerous city in Ohio. However, it is home to the nation\'s most dangerous neighborhood . 24. Rockford, IL Total violent crimes per 100,000 people: 1,174 Total property crimes per 100,000 people: 3,327 Only 4% of American cities have a higher crime rate than Rockford with some of the blame for this being apportioned to low incomes in the city as a result of the 2009 recession. 23. Beaumont, TX Total violent crimes per 100,000 people: 1,047 Total property crimes per 100,000 people: 3,616 Beaumont has a high crime rate with over 5,000 violent and property crimes being committed combined. 22. Dayton, OH Total violent crimes per 100,000 people: 962 Total property crimes per 100,000 people: 4,040 According to WDTN , Dayton ranked as the fifth deadliest city in the U.S., with most homicides in the city being drug-related. 21. Peoria, IL Total violent crimes per 100,000 people: 1,044 Total property crimes per 100,000 people: 3,749 The Cottage District in Peoria is the area with the highest crime in Peoria. 20. Washington, D.C. Total violent crimes per 100,000 people: 977 Total property crimes per 100,000 people: 4,246 Despite being home to the headquarters of some of the biggest federal law enforcement agencies including the FBI, Washington D.C. still faces crime in less affluent neighborhoods. 19. Minneapolis, MN Total violent crimes per 100,000 people: 926 Total property crimes per 100,000 people: 4,517 The impact of George Floyd\'s murder by police led to riots in 2020 and beyond, which in turn increased the prevalence of crime in the city. However, Minneapolis has improved its crime statistics recently. 18. Nashville, TN Total violent crimes per 100,000 people: 1,073 Total property crimes per 100,000 people: 4,041 7,400 incidences of violent crime in Nashville ensured that it is counted among the most dangerous cities in the U.S. 17. Baton Rouge, LA Total violent crimes per 100,000 people: 936 Total property crimes per 100,000 people: 5,290 Baton Rouge faced significant levels of violence after police killed Alton Sterling in 2016, which was followed by three police officers being killed by a lone shooter. Specific areas in Baton Rouge, especially low-income areas and areas with high levels of drug use, are more prone to higher levels of crime. 16. Lubbock, TX Total violent crimes per 100,000 people: 1,008 Total property crimes per 100,000 people: 4,606 Drugs are one of the reasons why crime in Lubbock is so high, though improvement in this respect has ensured that the city has fallen down the list, compared to 2011 when it was ranked sixth according to Forbes. 15. Stockton, CA Total violent crimes per 100,000 people: 1,397 Total property crimes per 100,000 people: 3,944 Stockton has a higher level of poverty which has a direct correlation with the level of crime in the city. 14. Tulsa, OK Total violent crimes per 100,000 people: 987 Total property crimes per 100,000 people: 5,311 Tulsa is home to the one of the worst racial attacks in U.S. history with support from the government, but the city is facing a reckoning with crime right now with almost 4,000 incidences of violent crime being recorded in the city. 13. Anchorage, AK Total violent crimes per 100,000 people: 1,245 Total property crimes per 100,000 people: 4,261 The most dangerous city in Alaska, Anchorage may be seeing its crime rate decrease slightly year on year but a lot more still needs to be done to reduce the level of crime in the city. 12. North Charleston, SC Total violent crimes per 100,000 people: 966 Total property crimes per 100,000 people: 6,019 North Charleston is not among the most dangerous cities in the U.S. in terms of violent crime alone, but property crime in the city is quite high. As is true for any major city, North Charleston has some areas which are more prone to crimes. 11. San Bernardino, CA Total violent crimes per 100,000 people: 1,319 Total property crimes per 100,000 people: 4,190 The second-most dangerous city in California is San Bernardino, which in terms of violent crime alone is the most dangerous city in California, with its property crime ranking ensuring that it isn\'t further up in our list of the most dangerous cities in the U.S. 10. Chattanooga, TN Total violent crimes per 100,000 people: 1,070 Total property crimes per 100,000 people: 5,557 Chattanooga\'s crime rate is significantly higher than the U.S. average, with almost 2,000 violent crimes recorded in a city of over 180,000 people. 9. Wichita, KS Total violent crimes per 100,000 people: 1,141 Total property crimes per 100,000 people: 5,322 Violent crimes in Wichita are around 2.5 times the national average and is the most dangerous city in the state of Kansas. Murdock is the most dangerous area in Wichita. 8. New Orleans, LA Total violent crimes per 100,000 people: 1,145 Total property crimes per 100,000 people: 5,293 New Orleans is probably one of the most unique, distinct cities in the U.S., but the presence of gangs and drug traffickers diminishes the outlook of the city significantly. Homicide cases have risen consistently over the last five years though most of the crime is concentrated in specific areas occupied by games. 7. Cleveland, TN Total violent crimes per 100,000 people: 1,517 Total property crimes per 100,000 people: 4,467 Cleveland is one of the most dangerous cities in the U.S., a crime occurs in Cleveland at an average of every 2 hours and 29 minutes. In the city, your house is 300% more likely to be robbed as compared to the national average, a sobering statistic highlighting the danger of living in Cleveland., 6. Baltimore, MD Total violent crimes per 100,000 people: 1,859 Total property crimes per 100,000 people: 4,311 Drugs and poverty is a potent combination, and Baltimore can attest to this. Since Freddy Gray\'s killing in police custody, crimes have continued to rise in Baltimore, at levels unseen for around a quarter of a century. Click to continue reading and see the 5 most dangerous cities in the U.S. Suggested articles: 15 Most Valuable Retail Companies in the World 25 Smartest Companies To Invest In 13 Top Performing Bitcoin Stocks in January Disclosure: None. 25 most dangerous cities in the U.S . is originally published at Insider Monkey.', 'In this article, we will be taking a look at the 25 most dangerous cities in the U.S.. To skip our detailed analysis, you can go directly to see the5 most dangerous cities in the US.\nAmerica is a paradox; on one hand, it is home to themost powerful military in the worldand is the biggest economy in the world by far, not to mention themost technologically advanced country in the world. However, the one thing that cannot be ignored is the crime problem in many cities in the U.S., including some of the biggest cities there. In 2021, according to the FBI, murders in the U.S. rose by 4% as compared to the previous year even though overall violent crime fell by 1%. This fall was largely driven by a drop in robbery of 9% though this also may be due to the FBI switching to a new system andAxiosmentioning that around 40% of total law enforcement failed to report statistics for 2021.\nThese statistics in fact support the belief that overall crime in the U.S. isn\'t much higher than other developing nations, it is just more lethal. More than 75% of Americans feel safe walking alone at night, which shows that perceived crime isn\'t high either in the country. While the overall violent crime rate has declined from over 500 per 100,000 people in 2000 to 395.7 per 100,000 people in 2021, a decrease of over 20%, the U.S. is still home to the highest rate of violent deaths per 100,000 people as compared to other high income, developed nations. In fact, according to astudyby the University of San Francisco, the overall firearm death rate is 11.4 times higher in the U.S. than other high income countries. Unfortunately, this study showed that 91.6% of all women killed by guns were in the U.S. as were 96.7% of children aged 0-4 who were killed by guns. This historic gap between the U.S. and other high income countries continues to this day and is unlikely to improve any time soon, which creates a dire picture for the most dangerous cities in the U.S.\nleolintang/Shutterstock.com\nOne of the reasons behind this is that the U.S. has thehighest guns per capitaof any country in the world, with a 2017 estimate of 120.5 civilian firearms per 100 persons, almost twice that of second-placed Falkland Islands and more than 4 times that of fifth placed Serbia. The second amendment in the U.S. constitution states "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed." The population has taken this quite to heart, especially in some of the most dangerous cities in the U.S., which is one of the reasons why the U.S. has more school shootings than any other country in the world.\nCrime always has a direct impact on business, and lack thereof. There are plenty of studies which suggest that fear of victimization can result in consumers, workers and entrepreneurs to change how they operate which can result in a higher cost of business and the area\'s economic development. The higher cost is often because of higher insurance while operating in a higher risk area, while higher costs are also a result of higher chance of robbery or damage to property. If an area has a higher level of crime, both violent and property, the chances of a business failing or relocating are higher too. This makes higher crime areas unattractive for potential investors. Further, high risk areas have lower footfall which again impact the potential growth of businesses.\nIn absolute terms, Los Angeles has the highest number of violent crimes in the country, followed by Detroit, Memphis, Phoenix and Baltimore. To determine our ranking of the most dangerous cities in the U.S., we consulted FBI statistics on both violent and property crimes in 2019, the latest year for which data is available, with the database containing over 500 cities. We then calculated the crime rate per 100,000 people for both statistics, giving 70% weightage to violent crime and 30% weightage to property crime, as the former is more dangerous. We then filtered out cities with a population of at least 100,000 people. So, without further ado, let\'s take a look at the cities to potentially avoid in the U.S., starting with:\nTotal violent crimes per 100,000 people: 845\nTotal property crimes per 100,000 people: 4,303\nCincinnati is the second-most dangerous city in Ohio. However, it is home to thenation\'s most dangerous neighborhood.\nTotal violent crimes per 100,000 people: 1,174\nTotal property crimes per 100,000 people: 3,327\nOnly 4% of American cities have a higher crime rate than Rockford with some of the blame for this being apportioned to low incomes in the city as a result of the 2009 recession.\nTotal violent crimes per 100,000 people: 1,047\nTotal property crimes per 100,000 people: 3,616\nBeaumont has a high crime rate with over 5,000 violent and property crimes being committed combined.\nTotal violent crimes per 100,000 people: 962\nTotal property crimes per 100,000 people: 4,040\nAccording toWDTN, Dayton ranked as the fifth deadliest city in the U.S., with most homicides in the city being drug-related.\nTotal violent crimes per 100,000 people: 1,044\nTotal property crimes per 100,000 people: 3,749\nThe Cottage District in Peoria is the area with the highest crime in Peoria.\nTotal violent crimes per 100,000 people: 977\nTotal property crimes per 100,000 people: 4,246\nDespite being home to the headquarters of some of the biggest federal law enforcement agencies including the FBI, Washington D.C. still faces crime in less affluent neighborhoods.\nTotal violent crimes per 100,000 people: 926\nTotal property crimes per 100,000 people: 4,517\nThe impact of George Floyd\'s murder by police led to riots in 2020 and beyond, which in turn increased the prevalence of crime in the city. However, Minneapolis has improved its crime statistics recently.\nTotal violent crimes per 100,000 people: 1,073\nTotal property crimes per 100,000 people: 4,041\n7,400 incidences of violent crime in Nashville ensured that it is counted among the most dangerous cities in the U.S.\nTotal violent crimes per 100,000 people: 936\nTotal property crimes per 100,000 people: 5,290\nBaton Rouge faced significant levels of violence after police killed Alton Sterling in 2016, which was followed by three police officers being killed by a lone shooter. Specific areas in Baton Rouge, especially low-income areas and areas with high levels of drug use, are more prone to higher levels of crime.\nTotal violent crimes per 100,000 people: 1,008\nTotal property crimes per 100,000 people: 4,606\nDrugs are one of the reasons why crime in Lubbock is so high, though improvement in this respect has ensured that the city has fallen down the list, compared to 2011 when it was ranked sixth according to Forbes.\nTotal violent crimes per 100,000 people: 1,397\nTotal property crimes per 100,000 people: 3,944\nStockton has a higher level of poverty which has a direct correlation with the level of crime in the city.\nTotal violent crimes per 100,000 people: 987\nTotal property crimes per 100,000 people: 5,311\nTulsa is home to the one of the worst racial attacks in U.S. history with support from the government, but the city is facing a reckoning with crime right now with almost 4,000 incidences of violent crime being recorded in the city.\nTotal violent crimes per 100,000 people: 1,245\nTotal property crimes per 100,000 people: 4,261\nThe most dangerous city in Alaska, Anchorage may be seeing its crime rate decrease slightly year on year but a lot more still needs to be done to reduce the level of crime in the city.\nTotal violent crimes per 100,000 people: 966\nTotal property crimes per 100,000 people: 6,019\nNorth Charleston is not among the most dangerous cities in the U.S. in terms of violent crime alone, but property crime in the city is quite high. As is true for any major city, North Charleston has some areas which are more prone to crimes.\nTotal violent crimes per 100,000 people: 1,319\nTotal property crimes per 100,000 people: 4,190\nThe second-most dangerous city in California is San Bernardino, which in terms of violent crime alone is the most dangerous city in California, with its property crime ranking ensuring that it isn\'t further up in our list of the most dangerous cities in the U.S.\nTotal violent crimes per 100,000 people: 1,070\nTotal property crimes per 100,000 people: 5,557\nChattanooga\'s crime rate is significantly higher than the U.S. average, with almost 2,000 violent crimes recorded in a city of over 180,000 people.\nTotal violent crimes per 100,000 people: 1,141\nTotal property crimes per 100,000 people: 5,322\nViolent crimes in Wichita are around 2.5 times the national average and is the most dangerous city in the state of Kansas. Murdock is the most dangerous area in Wichita.\nTotal violent crimes per 100,000 people: 1,145\nTotal property crimes per 100,000 people: 5,293\nNew Orleans is probably one of the most unique, distinct cities in the U.S., but the presence of gangs and drug traffickers diminishes the outlook of the city significantly. Homicide cases have risen consistently over the last five years though most of the crime is concentrated in specific areas occupied by games.\nTotal violent crimes per 100,000 people: 1,517\nTotal property crimes per 100,000 people: 4,467\nCleveland is one of the most dangerous cities in the U.S., a crime occurs in Cleveland at an average of every 2 hours and 29 minutes. In the city, your house is 300% more likely to be robbed as compared to the national average, a sobering statistic highlighting the danger of living in Cleveland.,\nTotal violent crimes per 100,000 people: 1,859\nTotal property crimes per 100,000 people: 4,311\nDrugs and poverty is a potent combination, and Baltimore can attest to this. Since Freddy Gray\'s killing in police custody, crimes have continued to rise in Baltimore, at levels unseen for around a quarter of a century.\nClick to continue reading and see the5 most dangerous cities in the U.S.\nSuggested articles:\n• 15 Most Valuable Retail Companies in the World\n• 25 Smartest Companies To Invest In\n• 13 Top Performing Bitcoin Stocks in January\nDisclosure: None.25 most dangerous cities in the U.S. is originally published at Insider Monkey.', '(Bloomberg) -- Most Read from Bloomberg China Hits Back at US with Sanctions on Lockheed, Raytheon China Warns of Retaliation Against US Over Balloon Saga ASML Stolen Data Came From Technical Repository for Chip Machines Stocks Sink as Fed Officials Talk of Bigger Hikes: Markets Wrap Ex-JPMorgan Executive’s Jeffrey Epstein Emails Revealed in Lawsuit Against Bank A lucrative corner of crypto that’s fast becoming the lifeblood of the way many networks operate got a shock to the system this week. The US Securities and Exchange Commission on Thursday signaled a crackdown on platforms offering rewards to their customers via a process called staking, as it reached a settlement with trading platform Kraken for $30 million and won agreement from the exchange to shut down those offerings domestically. It’s possible other providers such as larger rival exchange Coinbase Global Inc. may feel the heat and follow suit in discontinuing their own staking services, experts said — or move them offshore. Staking allows users to lock up their coins on blockchains and help order the transactions that keep the protocols running, earning yields in return at an average of 7.7%, according to an estimate by data provider Staking Rewards based on 176 tracked assets. The “proof-of-stake” method for running a network became a popular choice for developers in recent years, because it uses much less energy than so-called proof-of-work chains like Bitcoin and potentially allows more people to share in the rewards. Networks including Ethereum, Solana, Tezos, Cosmos and Polygon all rely on some version of staking to operate their chains, with Staking Rewards putting the global value of all staked assets at $91.8 billion as of Friday. Large exchanges like Kraken, Coinbase and Binance are at the heart of the staking-as-a-service industry, taking on the significant upfront cost and technical know-how for customers in return for a fee. Coinbase, one of the biggest providers of staking-as-a-service at $3.3 billion in value locked, was previously forecast to be in line for around $450 million in related revenue this year. Story continues The enforcement action against Kraken “may cause all retail-focused and US-based staking-as-a-service businesses to shut down their operations,” Christine Kim, research associate at Galaxy Digital, wrote in a note Friday, adding that Kraken and Coinbase account for nearly 20% of all staking on Ethereum combined. “If the recent enforcement action by the SEC is, as it appears, targeted against all staking-as-a-service businesses in the US, this will ha
**Last 60 Days of Bitcoin's Closing Prices:**
[17781.32, 17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-11
**Financial & Commodity Data:**
- Gold Closing Price: $1862.80
- Crude Oil Closing Price: $79.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $418,373,567,762
- Hash Rate: 291465748.0777028
- Transaction Count: 280319.0
- Unique Addresses: 654726.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: As per the report by Fortune Business Insights, the global cryptocurrency market size is projected to reach USD 1902.5 Billion in 2028, at a CAGR of 11.1% during the forecast period, 2021-2028 Pune, India, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The global cryptocurrency market size was valued at USD 826.6 million in 2020. It is projected to rise from USD 910.3 Million in 2021 to USD 1902.5 Million by 2028 at a CAGR of 11.1% during the forecast period. Fortune Business Insights™ has published these insights in its latest research report titled, “Cryptocurrency Market Forecast, 2023-2028.” Key Industry Development: Visa Inc. aims to introduce crypto as a direct payment. With this key initiative, the company aims to accept cryptocurrencies as a payment method for the finance industry. Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cryptocurrency-market-100149 Report Scope & Segmentation Report Coverage Details Forecast Period 2021 to 2028 Forecast Period 2021 to 2028 CAGR 11.1% 2028 Value Projection USD 1902.5 Million Base Year 2020 Cryptocurrency Market Size in 2020 USD 826.6 Million Historical Data for 2017 to 2019 No. of Pages 140 Segments covered Component, Type, End-Use and Geography Key Takeaways: Increasing use of distributed ledger technologies and venture capital funding is driving the market Financial disaster in small economies is driving the global demand for cryptocurrency. By type, Bitcoin has the largest market share worldwide Other emerging cryptocurrencies include Ethereum, Tether, Binance Coin, Dogecoin, etc Cryptocurrency Market size in North America was USD 273 Million in 2020 The demand for crypto has increased due to rising investments in venture capital. Additionally, the increasing popularity of digital assets such as bitcoin and litecoin is likely to accelerate the market in upcoming years. Furthermore, it has been seen that the digital currency is also used in the integration of blockchain technology to get decentralization and control efficient transactions. Thus, advantages such as these are also encouraging people to invest in crypto. For instance, In October 2018, Qtum Chain Foundation made a partnership with Amazon Web Services (AWS) China to use blockchain systems on the AWS cloud. With this collaboration, AWS will be able to help its users in using Amazon Machine Images (AMI) to develop and publish smart contracts easily and efficiently. Story continues Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/cryptocurrency-market-100149 Market Segmentation: By component, the market is bifurcated into hardware, and software. By type, it is divided into bitcoin, ether, litecoin, ripple, ether classic, and others. By end-use, it is divided into trading, E-commerce and retail, peer-to-peer payment, and remittance. Based on end use, the trading segment held the market share of 42.8% in 2020, because it focuses on crypto solutions that are used for trading such as Pionex, Cryptohopper, Bitsgap, Coinrule, and others. Lastly, in terms of geography, the market is divided into North America, Europe, Asia Pacific, the Middle East & Africa and Latin America. Driving Factors Focus on Mitigating Financial Crisis and Regional Instability Drives the Demand for Virtual Currency In recent times, financial disaster is one of the primary issues that occurs in the conventional banking system. This financial instability disrupts the economy by lowering the value of money. For instance, ICICI bank of India, in the year 2008, confronted the Lehman brother crisis, which hugely impacted the nation’s economy. But with using bitcoins, and other cryptocurrency, such situations of economic downfall can be avoided. Therefore, Cryptocurrencies are emerging as alternative options in the regions with unstable economical structure, and this has been a major driving factor for the cryptocurrency market growth. Regional Insights North America to Dominate Backed by Presence of Prominent Players North America is expected to remain at the forefront and hold the largest position in the market during the forecast period. This is because in most parts of the region bitcoins have become a medium of exchange for tax purposes rather than the actual currency. Although these are not legally regulated by the government, still many of the countries in the region are focused on using digital currencies. The region’s market stood at USD 273.0 million in 2020. Asia Pacific is expected to showcase significant cryptocurrency market share in upcoming years, owing to several technological developments and acceptance of virtual currency for some platforms within Japan and Taiwan. Additionally, the strategic collaborations, partnerships by key players are also fueling the regional market. For instance, in January 2020, Z Corporation, Inc. and TaoTao, Inc. collaborated with the financial service agency to widen the crypto market by confirming regulatory compliance in the Japanese market. Competitive Landscape Key Players to Focus on Introduction of New Services to Strengthen the Market Growth The market is consolidated by major companies striving to maintain their position by focusing on new launches, collaborations & partnerships and acquisitions. Such strategies taken up by key players are expected to strengthen its market prospects. Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cryptocurrency-market-100149 List of Key Players in Cryptocurrency Market: Bitmain Technologies Ltd. (Beijing, China) Xilinx, Inc. (California, U.S.) Intel Corporation (California, United States) Advanced Micro Devices, Inc. (California, U.S.) Ripple Labs, Inc. (California,U.S.) Bitfury Group Limited. (Amsterdam,U.S.) Ledger SAS (Paris, France) Nvidia Corporation (California,U.S.) BitGo (California,U.S.) Xapo (Zürich, Switzerland) Major Table of Contents: Global Cryptocurrency Key Players Market Share Insights and Analysis, 2020 Key Market Insights and Strategic Recommendations Companies Profiled Overview Key Management Headquarters etc. Offerings/Business Segments Key Details Employee Size Key Financials Past and Current Revenue Gross Margin Geographical Share Business Segment Share Recent Developments Annexure / Appendix Global Cryptocurrency Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028 By Component (Value) Hardware FPGA ASIC GPU Others (Paper Wallet, Web Wallet, Etc.) Software Mining Software Exchanges Software Wallet Payment Others (Vaults, Encryption, Etc.) By Type (Value) Bitcoin Ether Litecoin Ripple Ether Classic Others (Dogecoin, Moneor, Dash, Etc.) By End-Use (Value) Trading E-commerce and Retail Peer-to-Peer Payment Remittance By Region (Value) North America Europe Asia Pacific Middle East & Africa Latin America North America Cryptocurrency Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028 By Component (Value) Hardware FPGA ASIC GPU Others (Paper Wallet, Web Wallet, Etc.) Software Mining Software Exchanges Software Wallet Payment Others (Vaults, Encryption, Etc.) By Type (Value) Bitcoin Ether Litecoin Ripple Ether Classic Others (Dogecoin, Moneor, Dash, Etc.) By End-Use (Value) Trading E-commerce and Retail Peer-to-Peer Payment Remittance TOC Continued…! Quick Buy – Cryptocurrency Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100149 FAQs How big is the Cryptocurrency Market ? Cryptocurrency market size was USD 826.6 Million in 2020. How fast is the cryptocurrency market growing? The cryptocurrency market will exhibit a CAGR of 11.1% during the forecast period, 2021-2028 Related Reports: Blockchain Market Size, Share, Revenue Forecast and Opportunities Blockchain in BFSI Market Overview, Industry Share and Forecast Blockchain in Retail Market Size, Share, Opportunities & Analysis Quantum Cryptography Market Analysis, Global Size and Industry Share Forecast LED Lighting Market Size, Share, Revenue Forecast and Opportunities About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: [email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['LONDON , Feb. 12, 2023 /PRNewswire/ --\xa0Dombey Electrics Co. ( www.dombbit.com ), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. Dombey Electrics Co. Logo In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine more than one coin at a time. And sequel to the aforementioned, they introduced the first set of miners with extremely low power consumption into the Hong Kong Market and have sold over 2,000 to coin miners all over the world. About Dombey Electric Incorporated A group of electricians and experts started Dombey Electrics Co. in 2010, and it is now one of the top provider of electrical solutions. They are extremely proud of their capacity to create unusual electrical goods for both indoor and outdoor use. Additionally, less dangerous activities have been added to the use of electrical appliances as a result of several technological advancements. Recent Developments In October 2022 , they launched the Dompre (Dombey Previa) , which is a type of machine that can mine both Ethereum and BTC at the same time, while still saving you energy. It has double sources of power, which means it can be charged both by the sun and electricity. They are made of Photovoltaic cells, which are more solid and long-lasting. The warranty on it is five years. Shipping to all parts of the world is free. See products here www.dombbit.com/products In addition, they provide solar power systems called D200 along with the any mining equipment, to aid mining, exclusively for cryptocurrency miners to prevent concerns with accumulated electricity bills. This implies that when you purchase a cryptocurrency miner, you also receive D200 to help with mining. They have an instruction booklet (Manual) and are simple to operate. The COO, James Eskola , stated in "the Street" that he believed many customers of their D200 ended up using it for camping rather than mining, in part, because they could not afford utility fees. Story continues Items can be instantly returned and replaced within the designated term in the event of delivery problems, breakage, damages, or in the event that the machine is not treated properly by delivery companies. Please view more details about the terms of return here for more information www.dombbit.com/faqs/ PR Manager James Eskola [email protected] (+358)41 4001018 Logo - https://mma.prnewswire.com/media/1995671/Dombey_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/dombey-launches-a-revolutionary-mining-gig-301744701.html SOURCE Dombey Electric Co', 'LONDON , Feb. 12, 2023 /PRNewswire/ --\xa0Dombey Electrics Co. ( www.dombbit.com ), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. Dombey Electrics Co. Logo In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine more than one coin at a time. And sequel to the aforementioned, they introduced the first set of miners with extremely low power consumption into the Hong Kong Market and have sold over 2,000 to coin miners all over the world. About Dombey Electric Incorporated A group of electricians and experts started Dombey Electrics Co. in 2010, and it is now one of the top provider of electrical solutions. They are extremely proud of their capacity to create unusual electrical goods for both indoor and outdoor use. Additionally, less dangerous activities have been added to the use of electrical appliances as a result of several technological advancements. Recent Developments In October 2022 , they launched the Dompre (Dombey Previa) , which is a type of machine that can mine both Ethereum and BTC at the same time, while still saving you energy. It has double sources of power, which means it can be charged both by the sun and electricity. They are made of Photovoltaic cells, which are more solid and long-lasting. The warranty on it is five years. Shipping to all parts of the world is free. See products here www.dombbit.com/products In addition, they provide solar power systems called D200 along with the any mining equipment, to aid mining, exclusively for cryptocurrency miners to prevent concerns with accumulated electricity bills. This implies that when you purchase a cryptocurrency miner, you also receive D200 to help with mining. They have an instruction booklet (Manual) and are simple to operate. The COO, James Eskola , stated in "the Street" that he believed many customers of their D200 ended up using it for camping rather than mining, in part, because they could not afford utility fees. Story continues Items can be instantly returned and replaced within the designated term in the event of delivery problems, breakage, damages, or in the event that the machine is not treated properly by delivery companies. Please view more details about the terms of return here for more information www.dombbit.com/faqs/ PR Manager James Eskola [email protected] (+358)41 4001018 Logo - https://mma.prnewswire.com/media/1995671/Dombey_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/dombey-launches-a-revolutionary-mining-gig-301744701.html SOURCE Dombey Electric Co', 'If you want to retire a millionaire, invest early in millionaire-maker stocks. Easier said than done, right? If there was a reliable formula for pinpointing which stocks would return 100 to 1,000 times your money, we’d all be rich. Unfortunately, that “holy grail” doesn’t exist. But we can help point you in the direction of stocks that could eventually be your next millionaire-maker stocks.\xa0In fact, here are seven you may want to consider.\n[{"RIOT": "LAC", "Riot Platforms": "Lithium Americas", "$5.64": "$25.75"}, {"RIOT": "SLDP", "Riot Platforms": "Solid Power", "$5.64": "$3.36"}, {"RIOT": "DETNF", "Riot Platforms": "Aker BP", "$5.64": "$29.66"}, {"RIOT": "PSNY", "Riot Platforms": "Polestar Automotive", "$5.64": "$5.73"}, {"RIOT": "PINS", "Riot Platforms": "Pinterest", "$5.64": "$24.78"}, {"RIOT": "RIG", "Riot Platforms": "Transocean", "$5.64": "$7.34"}]\nSource: Yev_1234 / Shutterstock\nThere finally seems to be some revival among cryptocurrencies. If recovery sustains, there are potential multibagger crypto stocks to buy.Riot Platforms(NASDAQ:RIOT) looks undervalued at current levels of $5.51.\nTheBitcoin(BTC-USD) mining company looks attractive for several reasons. As of Jan. 2023, Riot reported production of 740 Bitcoin. On a year-on-year basis, production increased by 62%. Further, Riotreported a hashing capacity of 9.3EH/s. The companyexpects to boost capacityto 12.5EH/s in the first half of the year. With sustained growth in capacity, digital assets in the company’s balance sheet will swell.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIt’s also worth noting that for the first nine months of 2022, Riot reported gross margin of 65.4%. With Bitcoin gradually trending higher, the low-cost miner is positioned to benefit. Assuming a bullish outlook for cryptocurrencies, Riot is positioned to deliver healthy cash flows. With zero debt and $255 million in cash, Riot is also positioned to invest aggressively in the next leg of expansion.\nSource: Wirestock Creators / Shutterstock.com\nWith expectation ofacute shortage of lithiumin the coming decade, the metal is an attractive investment theme. Lithium companies are positioned to benefit from higher demand and better price realization.Lithium Americas(NYSE:LAC) is among the best millionaire-maker stocks to buy. At a current market valuation of $3.5 billion, the stock looks significantly undervalued. To put things into perspective, the company’sThacker Pass projectin the U.S. has an after tax-net present value of $4.95 billion.\nRecently, the company signed an agreement withGeneral Motors(NYSE:GM) for joint development of the U.S. asset. The latter will be infusing $650 million in equity in the company. Funding commercialization of the project is unlikely to be a challenge.\nLithium Americas also has assets in Argentina. The company has decided tosplit international assetsinto a separate entity (Lithium International). This is likely to result in value unlocking and will make project financing easier. Once the assets are commercialized, Lithium Americas will be a cash flow machine.\nSource: T. Schneider / Shutterstock.com\nSolid-state batteries are being considered as the batteries of the future for electric vehicles. Of course, these batteries are still under development, but it’s the right time to pick potential winners for multibagger returns.\nSolid Power(NASDAQ:SLDP) is among the attractive players to consider. With several positive developments in the recent past, SLDP stock has been trending higher. I expect this momentum to sustain.\xa0In Jan. 2023, Solid Power wasawarded $5.6 millionfrom the U.S. Department of Energy for the development of solid-state cells. The government funding underscores the importance of solid-state cell development.\nIn December 2022, Solid Power announced that it haslicensed the design and manufacturing processtoBMW(OTCMKTS:BMWYY). This will allow parallel research and development activity and can potentially accelerate the commercialization.\xa0Solid Power reportedcash and equivalents of $507.6 millionas of Q3 2022. With the backing of BMW andFord(NYSE:F), funding growth is unlikely to be a challenge.\nSource: zhengzaishuru / Shutterstock.com\nAker BP(OTCMKTS:DETNF) is a hidden gem from the oil and gas sector. DETNF stock has multibagger returns potential and offers an attractive dividend yield of 7.1%.As an overview, Aker BP is focused on the Norwegian Continental Shelf. The company has low break-even oil assets with production upside visibility. Even with some correction in oil price, Aker BP will remain a cash flow machine.\nTo put things into perspective, Aker BP reported revenue and EBITDA of $4.9 billion and $4.5 billion for Q3 2022. Clearly, EBITDA margin is robust and Aker BPreported free cash flow of $1.9 billionfor the same period.\xa0With robust financial flexibility, the company can aggressively invest in exploration projects. At the same time, dividend growth is likely to remain attractive. For the current year, Aker BP has production upside visibility as Johan Sverdrup (Phase 2) becomes operational. Therefore, free cash flows are likely to swell further.\nSource: shutterstock.com/DigitalPen\nAmong early stage electric vehicle stocks,Polestar Automotive(NASDAQ:PSNY) looks attractive. PSNY stock seems poised for multibagger returns from current levels of $5.62.\xa0The company’s delivery growth has been robust through 2022 with global volumes of 51,500 cars. On a year-on-year basis, deliveries surged by 80%. Polestar has a bright outlook for 2023 with aguidance to deliver 80,000 cars. As deliveries remain robust, PSNY stock is likely to trend higher.\nThere is a strong reason to believe that deliveries growth will remain healthy in the coming years. For 2023, the first delivery of Polestar 3 will act as a growth catalyst. The company hasplans to launch delivery of Polestar 4in 2024.\xa0One concern is widening EBITDA level loss. However, with operating leverage, it’s likely that margins will improve. Currently, Polestar has sufficient funds through 2023. For a growth company, I don’t see cash burn as a concern.\nSource: tanuha2001 / Shutterstock.com\nPinterest(NYSE:PINS) stock has been sideways in the last 12 months. This seems like a strong consolidation zone and a breakout on the upside is imminent. PINS stock is among the best millionaire-maker stocks at a forward price-earnings ratio of 34.25.\nI believe that the worst is over for Pinterest in terms of active user decline from the peak. As a matter of fact, the company’s MAU increase in Q4 2022 on a quarter-on-quarter basis. Also, I am of the view that the company’saverage revenue per user will continue to improvein the coming years. Pinterest is likely to be a cash flow machine as the ARPU swells.\xa0One reason to be bullish is the fact that Pinterest is transforming into a shopping friendly platform. As SKUs swell and advertising increases, the ARPU will improve. Furthermore, the ARPU from emerging markets is significantly lower as compared to the U.S. and Europe.\nPinterest has also been heavily investing in research and development. For Q4 2022, the R&D expense was 19% of sales. With continued platform development, user engagement is likely to remain high.\nSource: Shutterstock\nTransocean(NYSE:RIG) stock has surged by almost 120% in the last 12 months. However, the rally from oversold levels is likely to sustain on positive business developments.\xa0As an overview, Transocean is a provider of modern ultra-deep-water rigs. With oil sustaining around $80 per barrel, offshore drilling activity has remained strong. Transocean is well positioned to benefit and the company’s order backlog has been increasing.\nAs of January 2023, Transocean reported anorder backlog of $8.3 billion. The backlog is front-end loaded and provides clear cash flow visibility. Another point to note is that new orders have come at a higher day-rate. This positions Transocean for EBITDA margin expansion in 2023.\nWith an industry leading backlog, Transocean is also positioned to deleverage. As credit metrics improve, the stock rally is likely to sustain. I also believe that Transocean will add new rigs if industry conditions remain favorable. This is a potential growth catalyst beyond 2023.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe postThe 7 Best Millionaire-Maker Stocks to Buy for February 2023appeared first onInvestorPlace.', 'If you want to retire a millionaire, invest early in millionaire-maker stocks. Easier said than done, right? If there was a reliable formula for pinpointing which stocks would return 100 to 1,000 times your money, we\x92d all be rich. Unfortunately, that \x93holy grail\x94 doesn\x92t exist. But we can help point you in the direction of stocks that could eventually be your next millionaire-maker stocks.\xa0In fact, here are seven you may want to consider. RIOT Riot Platforms $5.64 LAC Lithium Americas $25.75 SLDP Solid Power $3.36 DETNF Aker BP $29.66 PSNY Polestar Automotive $5.73 PINS Pinterest $24.78 RIG Transocean $7.34 Riot Platforms (RIOT) Macro view of miner working for bitcoins mine pool. Devices and technology for mining cryptocurrency. Mining cryptocurrency concept. MARA stock. Crypto mining. Source: Yev_1234 / Shutterstock There finally seems to be some revival among cryptocurrencies. If recovery sustains, there are potential multibagger crypto stocks to buy. Riot Platforms (NASDAQ: RIOT ) looks undervalued at current levels of $5.51. The Bitcoin ( BTC-USD ) mining company looks attractive for several reasons. As of Jan. 2023, Riot reported production of 740 Bitcoin. On a year-on-year basis, production increased by 62%. Further, Riot reported a hashing capacity of 9.3EH/s . The company expects to boost capacity to 12.5EH/s in the first half of the year. With sustained growth in capacity, digital assets in the company\x92s balance sheet will swell. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It\x92s also worth noting that for the first nine months of 2022, Riot reported gross margin of 65.4%. With Bitcoin gradually trending higher, the low-cost miner is positioned to benefit. Assuming a bullish outlook for cryptocurrencies, Riot is positioned to deliver healthy cash flows. With zero debt and $255 million in cash, Riot is also positioned to invest aggressively in the next leg of expansion. Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com With expectation of acute shortage of lithium in the coming decade, the metal is an attractive investment theme. Lithium companies are positioned to benefit from higher demand and better price realization. Lithium Americas (NYSE: LAC ) is among the best millionaire-maker stocks to buy. At a current market valuation of $3.5 billion, the stock looks significantly undervalued. To put things into perspective, the company\x92s Thacker Pass project in the U.S. has an after tax-net present value of $4.95 billion. Story continues Recently, the company signed an agreement with General Motors (NYSE: GM ) for joint development of the U.S. asset. The latter will be infusing $650 million in equity in the company. Funding commercialization of the project is unlikely to be a challenge. Lithium Americas also has assets in Argentina. The company has decided to split international assets into a separate entity (Lithium International). This is likely to result in value unlocking and will make project financing easier. Once the assets are commercialized, Lithium Americas will be a cash flow machine. Solid Power (SLDP) Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display. Source: T. Schneider / Shutterstock.com Solid-state batteries are being considered as the batteries of the future for electric vehicles. Of course, these batteries are still under development, but it\x92s the right time to pick potential winners for multibagger returns. Solid Power (NASDAQ: SLDP ) is among the attractive players to consider. With several positive developments in the recent past, SLDP stock has been trending higher. I expect this momentum to sustain.\xa0In Jan. 2023, Solid Power was awarded $5.6 million from the U.S. Department of Energy for the development of solid-state cells. The government funding underscores the importance of solid-state cell development. In December 2022, Solid Power announced that it has licensed the design and manufacturing process to BMW (OTCMKTS: BMWYY ). This will allow parallel research and development activity and can potentially accelerate the commercialization.\xa0Solid Power reported cash and equivalents of $507.6 million as of Q3 2022. With the backing of BMW and Ford (NYSE: F ), funding growth is unlikely to be a challenge. Aker BP (DETNF) In the field, the oil pump in the evening, the evening silhouette of the pumping unit, the silhouette of the oil pump. Oil stocks and energy stocks Source: zhengzaishuru / Shutterstock.com Aker BP (OTCMKTS: DETNF ) is a hidden gem from the oil and gas sector. DETNF stock has multibagger returns potential and offers an attractive dividend yield of 7.1%.As an overview, Aker BP is focused on the Norwegian Continental Shelf. The company has low break-even oil assets with production upside visibility. Even with some correction in oil price, Aker BP will remain a cash flow machine. To put things into perspective, Aker BP reported revenue and EBITDA of $4.9 billion and $4.5 billion for Q3 2022. Clearly, EBITDA margin is robust and Aker BP reported free cash flow of $1.9 billion for the same period.\xa0With robust financial flexibility, the company can aggressively invest in exploration projects. At the same time, dividend growth is likely to remain attractive. For the current year, Aker BP has production upside visibility as Johan Sverdrup (Phase 2) becomes operational. Therefore, free cash flows are likely to swell further. Polestar Automotive (PSNY) Illustration of blue electric vehicle (EV) charging with dark black background Source: shutterstock.com/DigitalPen Among early stage electric vehicle stocks, Polestar Automotive (NASDAQ: PSNY ) looks attractive. PSNY stock seems poised for multibagger returns from current levels of $5.62.\xa0The company\x92s delivery growth has been robust through 2022 with global volumes of 51,500 cars. On a year-on-year basis, deliveries surged by 80%. Polestar has a bright outlook for 2023 with a guidance to deliver 80,000 cars . As deliveries remain robust, PSNY stock is likely to trend higher. There is a strong reason to believe that deliveries growth will remain healthy in the coming years. For 2023, the first delivery of Polestar 3 will act as a growth catalyst. The company has plans to launch delivery of Polestar 4 in 2024.\xa0One concern is widening EBITDA level loss. However, with operating leverage, it\x92s likely that margins will improve. Currently, Polestar has sufficient funds through 2023. For a growth company, I don\x92t see cash burn as a concern. Pinterest (PINS) Pinterest, Inc. (PINS) logo Source: tanuha2001 / Shutterstock.com Pinterest (NYSE: PINS ) stock has been sideways in the last 12 months. This seems like a strong consolidation zone and a breakout on the upside is imminent. PINS stock is among the best millionaire-maker stocks at a forward price-earnings ratio of 34.25. I believe that the worst is over for Pinterest in terms of active user decline from the peak. As a matter of fact, the company\x92s MAU increase in Q4 2022 on a quarter-on-quarter basis. Also, I am of the view that the company\x92s average revenue per user will continue to improve in the coming years. Pinterest is likely to be a cash flow machine as the ARPU swells.\xa0One reason to be bullish is the fact that Pinterest is transforming into a shopping friendly platform. As SKUs swell and advertising increases, the ARPU will improve. Furthermore, the ARPU from emerging markets is significantly lower as compared to the U.S. and Europe. Pinterest has also been heavily investing in research and development. For Q4 2022, the R&D expense was 19% of sales. With continued platform development, user engagement is likely to remain high. Transocean (RIG) Image of an oil wells with a dark blue sky Source: Shutterstock Transocean (NYSE: RIG ) stock has surged by almost 120% in the last 12 months. However, the rally from oversold levels is likely to sustain on positive business developments.\xa0As an overview, Transocean is a provider of modern ultra-deep-water rigs. With oil sustaining around $80 per barrel, offshore drilling activity has remained strong. Transocean is well positioned to benefit and the company\x92s order backlog has been increasing. As of January 2023, Transocean reported an order backlog of $8.3 billion . The backlog is front-end loaded and provides clear cash flow visibility. Another point to note is that new orders have come at a higher day-rate. This positions Transocean for EBITDA margin expansion in 2023. With an industry leading backlog, Transocean is also positioned to deleverage. As credit metrics improve, the stock rally is likely to sustain. I also believe that Transocean will add new rigs if industry conditions remain favorable. This is a potential growth catalyst beyond 2023. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn\x92t matter if you have $500 or $5 million. Do this now. Massive Bear Market \x93Divergence Event\x94 Ahead\x85 And The #1 Way to Play It The post The 7 Best Millionaire-Maker Stocks to Buy for February 2023 appeared first on InvestorPlace .', 'Given the hype, anticipation, and outright popularity it has gained since being created over the past few months since its launch last year, Big Eyes Coin (BIG), on its Twitter page @BigEyesCoin, announced that it would expand its portfolio by adding five new currencies which could be used to purchase $BIG tokens. Seeing the overwhelming success it has had during presale where investors could, before the announcement, use Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) to purchase a BIG token; Big Eyes Coin has effective immediately added Bitcoin (BTC), Tether (TRC20), Dogecoin (DOGE), Binance USD (BUSD), and TRON (TRX) as cryptocurrencies which could be used to purchase BIG. Big Eyes Coin, which is a new ERC-20 token built on the Ethereum Network and has KYC verification by CoinSniper, offers an opportunity of transferring wealth into the Decentralised Finance (DeFi) ecosystem. Having now entered stage 11 out of 15 in presale, Big Eyes Coin has raised $25 million in presale tokens. With the $50 million target it has before going live on the market, and given the speed at which presale tokens are selling, Big Eyes Coin is certainly preparing for a firework-style entry when it does go live. The addition of BTC, TRC20, DOGE, BUSD, and TRX couldn\x92t have come at a better time for Big Eyes Coin investors. With Big Eyes Coin\x92s extended promotion code LAUNCHBIGEYES200, investors could earn 200% returns on a purchase of a BIG coin. And with Big Eyes Coin\x92s community-driven approach, early investment in presale tokens would give the investor the option of becoming a member of its community and decision-making process. Big Eyes Coin assures that 90% of BIG will be available at launch. Bitcoin: Brief Highs, Longer Lows Having reached as high as $24,157.88 in early February since recovering from its price of $16,585.05 at the beginning of January 2023, the upward trend seems to have been rather brief as Bitcoin\x92s (BTC) price has since seen a tumble down to $21,783.95. The cryptocurrency has seen its price drop by 4.31% overnight and 7.49% during a 7-day period. Story continues At the time of writing, Bitcoin\x92s market capitalization was at $419 billion and a 24-hour trading volume of $31 billion. Ethereum: A Fall Easier Than The Climb Similar to its table-topping counterpart Bitcoin, Ethereum (ETH) has also seen its price drop from what was expected to be a bullish February. Having started 2023 with its price at $1196.71 at the back of a chilly November 2022, Ethereum was within striking distance of reaching $1700 in early February but instead has gone the other way weeks into the month as it dropped to $1538.43 at the time of writing, breaking the 3-week upward trend. At the time of writing, Ethereum held a market capitalization of $188 billion and a 24-hour trading volume of $9.9 billion. Crypto Overview After posting steady gains throughout January 2023 which indicated an upward trend, the cryptocurrency market has remained sluggish further towards February. Having seen a global cryptocurrency market capitalization of $1.09 trillion in the first week of February, the crypto market cap has since dipped to $1.02 trillion, with its 24-hour trading volume rising to $74.65 billion from $62 billion during the same period. This is a clear indication that the bear market is well and truly with us. This provides the ideal opportunity for investors to review the market and identify which projects have what it takes to survive. And given Big Eyes Coin\x92s rally in the past few months, it would be an ideal meme token to invest in. Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL', 'Given the hype, anticipation, and outright popularity it has gained since being created over the past few months since its launch last year, Big Eyes Coin (BIG), on its Twitter page @BigEyesCoin, announced that it would expand its portfolio by adding five new currencies which could be used to purchase $BIG tokens. Seeing the overwhelming success it has had during presale where investors could, before the announcement, use Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) to purchase a BIG token; Big Eyes Coin has effective immediately added Bitcoin (BTC), Tether (TRC20), Dogecoin (DOGE), Binance USD (BUSD), and TRON (TRX) as cryptocurrencies which could be used to purchase BIG. Big Eyes Coin, which is a new ERC-20 token built on the Ethereum Network and has KYC verification by CoinSniper, offers an opportunity of transferring wealth into the Decentralised Finance (DeFi) ecosystem. Having now entered stage 11 out of 15 in presale, Big Eyes Coin has raised $25 million in presale tokens. With the $50 million target it has before going live on the market, and given the speed at which presale tokens are selling, Big Eyes Coin is certainly preparing for a firework-style entry when it does go live. The addition of BTC, TRC20, DOGE, BUSD, and TRX couldn\x92t have come at a better time for Big Eyes Coin investors. With Big Eyes Coin\x92s extended promotion code LAUNCHBIGEYES200, investors could earn 200% returns on a purchase of a BIG coin. And with Big Eyes Coin\x92s community-driven approach, early investment in presale tokens would give the investor the option of becoming a member of its community and decision-making process. Big Eyes Coin assures that 90% of BIG will be available at launch. Bitcoin: Brief Highs, Longer Lows Having reached as high as $24,157.88 in early February since recovering from its price of $16,585.05 at the beginning of January 2023, the upward trend seems to have been rather brief as Bitcoin\x92s (BTC) price has since seen a tumble down to $21,783.95. The cryptocurrency has seen its price drop by 4.31% overnight and 7.49% during a 7-day period. Story continues At the time of writing, Bitcoin\x92s market capitalization was at $419 billion and a 24-hour trading volume of $31 billion. Ethereum: A Fall Easier Than The Climb Similar to its table-topping counterpart Bitcoin, Ethereum (ETH) has also seen its price drop from what was expected to be a bullish February. Having started 2023 with its price at $1196.71 at the back of a chilly November 2022, Ethereum was within striking distance of reaching $1700 in early February but instead has gone the other way weeks into the month as it dropped to $1538.43 at the time of writing, breaking the 3-week upward trend. At the time of writing, Ethereum held a market capitalization of $188 billion and a 24-hour trading volume of $9.9 billion. Crypto Overview After posting steady gains throughout January 2023 which indicated an upward trend, the cryptocurrency market has remained sluggish further towards February. Having seen a global cryptocurrency market capitalization of $1.09 trillion in the first week of February, the crypto market cap has since dipped to $1.02 trillion, with its 24-hour trading volume rising to $74.65 billion from $62 billion during the same period. This is a clear indication that the bear market is well and truly with us. This provides the ideal opportunity for investors to review the market and identify which projects have what it takes to survive. And given Big Eyes Coin\x92s rally in the past few months, it would be an ideal meme token to invest in. Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL', 'Given the hype, anticipation, and outright popularity it has gained since being created over the past few months since its launch last year, Big Eyes Coin (BIG), on its Twitter page @BigEyesCoin, announced that it would expand its portfolio by adding five new currencies which could be used to purchase $BIG tokens. Seeing the overwhelming success it has had during presale where investors could, before the announcement, use Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) to purchase a BIG token; Big Eyes Coin has effective immediately added Bitcoin (BTC), Tether (TRC20), Dogecoin (DOGE), Binance USD (BUSD), and TRON (TRX) as cryptocurrencies which could be used to purchase BIG. Big Eyes Coin, which is a new ERC-20 token built on the Ethereum Network and has KYC verification by CoinSniper, offers an opportunity of transferring wealth into the Decentralised Finance (DeFi) ecosystem. Having now entered stage 11 out of 15 in presale, Big Eyes Coin has raised $25 million in presale tokens. With the $50 million target it has before going live on the market, and given the speed at which presale tokens are selling, Big Eyes Coin is certainly preparing for a firework-style entry when it does go live. The addition of BTC, TRC20, DOGE, BUSD, and TRX couldn\x92t have come at a better time for Big Eyes Coin investors. With Big Eyes Coin\x92s extended promotion code LAUNCHBIGEYES200, investors could earn 200% returns on a purchase of a BIG coin. And with Big Eyes Coin\x92s community-driven approach, early investment in presale tokens would give the investor the option of becoming a member of its community and decision-making process. Big Eyes Coin assures that 90% of BIG will be available at launch. Bitcoin: Brief Highs, Longer Lows Having reached as high as $24,157.88 in early February since recovering from its price of $16,585.05 at the beginning of January 2023, the upward trend seems to have been rather brief as Bitcoin\x92s (BTC) price has since seen a tumble down to $21,783.95. The cryptocurrency has seen its price drop by 4.31% overnight and 7.49% during a 7-day period. Story continues At the time of writing, Bitcoin\x92s market capitalization was at $419 billion and a 24-hour trading volume of $31 billion. Ethereum: A Fall Easier Than The Climb Similar to its table-topping counterpart Bitcoin, Ethereum (ETH) has also seen its price drop from what was expected to be a bullish February. Having started 2023 with its price at $1196.71 at the back of a chilly November 2022, Ethereum was within striking distance of reaching $1700 in early February but instead has gone the other way weeks into the month as it dropped to $1538.43 at the time of writing, breaking the 3-week upward trend. At the time of writing, Ethereum held a market capitalization of $188 billion and a 24-hour trading volume of $9.9 billion. Crypto Overview After posting steady gains throughout January 2023 which indicated an upward trend, the cryptocurrency market has remained sluggish further towards February. Having seen a global cryptocurrency market capitalization of $1.09 trillion in the first week of February, the crypto market cap has since dipped to $1.02 trillion, with its 24-hour trading volume rising to $74.65 billion from $62 billion during the same period. This is a clear indication that the bear market is well and truly with us. This provides the ideal opportunity for investors to review the market and identify which projects have what it takes to survive. And given Big Eyes Coin\x92s rally in the past few months, it would be an ideal meme token to invest in. Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL', 'The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week. Bitcoin and Ethereum’s price drops managed to stay within single-digit percentages, but not those of several other leading coins, including Avalanche, Solana and Dogecoin.\nThe week’s downturn appeared to have been driven by U.S. regulators’intensified scrutinyof the industry, which has been more or less ongoing since the fall of Terra in May last year. This week, popular exchange Kraken came up in the crosshairs of the Security and Exchange Commission (SEC).\nOn Thursday, the regulator announced it hadhit Kraken with a $30 million fineand ordered it to shut down its staking service. The implications of this enforcement actionare far-reaching. The exchange’s founder and former CEO Jesse Powell tweeted a video in which the SEC chair, Gary Gensler, told CNBC that those offering staking rewards should have “full, fair and truthful disclosure” to be deemed compliant. Powell was skeptical:\nAside from regulatory heat, this week was also a decisive one in the ongoing feud between the Gemini exchange and its creditors Genesis, which allegedly owes users of Gemini’s now-frozen Earn product $900 million. Gemini co-founder Cameron Winklevoss on Monday announced that a deal had been reached on a plan to reimburse Earn users:\nAlso that day, an email from the late American software developer Hal Finney resurfaced and was shared widely on Twitter. In it, Finney referred to crypto collectibles two decades before the fact:\nThe following day, entrepreneur Liron Shapiro posted a new company pitch by Israeli-American businessman Adam Neumann, who studiously avoided using the word “crypto” despite being backed by crypto investment company Andreessen Horowitz (aka a16z).\nCrypto news account@Tier10kon Wednesday revealed just how much of Coinbase’s revenue came from staking in Q3 last year.\nThat day, Coinbase’s CEO Brian Armstrongreactedto rumors of the SEC’s staking crackdown. He defended Ethereum staking, whereby anyone with 32 ETH (about $50,000) can lock up their coins and start mining Ethereum, arguing that this does not make Ethereum a security, which means the matter is out of the SEC’s jurisdiction.\nAlso on Wednesday, Multi-chain crypto wallet Trust broke down details of a new kind of socially-engineered crypto heist that was recently executed by organized criminals in Italy. Crypto’s Italian Job, if you will.\nOn Thursday, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, Zhu Su, announced in a multi-tweet thread that his next project will be “next level cex” (centralized exchange) with “fully decentralized custody.”\nThat same day, Jameson Lopp, co-founder and CTO of crypto wallet Casa, reacted negatively to the rise ofNFT-style assets on Bitcoin:\nOn Friday, Andreessen Horowitz’s General Counsel, Miles Jennings, tweeted his thoughts on the SEC vs. Kraken case. “Fortunately, we don’t believe this settlement will have any bearing on exchanges that have structured their programs so as not to implicate securities laws,” he said, then criticized SEC chair Gensler’s infamous regulation-by-enforcement strategy.\nBill Huizenga, U.S. Representative for Michigan’s fourth congressional district, also had some sharp words for Gensler:\nFinally, the crypto community offered its philanthropic support to earthquake victims this week:', 'Illustration by Mitchell Preffer for Decrypt The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week. Bitcoin and Ethereum’s price drops managed to stay within single-digit percentages, but not those of several other leading coins, including Avalanche, Solana and Dogecoin. The week’s downturn appeared to have been driven by U.S. regulators’ intensified scrutiny of the industry, which has been more or less ongoing since the fall of Terra in May last year. This week, popular exchange Kraken came up in the crosshairs of the Security and Exchange Commission (SEC). On Thursday, the regulator announced it had hit Kraken with a $30 million fine and ordered it to shut down its staking service. The implications of this enforcement action are far-reaching . The exchange’s founder and former CEO Jesse Powell tweeted a video in which the SEC chair, Gary Gensler, told CNBC that those offering staking rewards should have “full, fair and truthful disclosure” to be deemed compliant. Powell was skeptical: Oh man, all I had to do was fill out a form on a website and tell people that staking rewards come from staking? Wish I\'d seen this video before paying a $30m fine and agreeing to permanently shut down the service in the US. How dumb do I look. Gosh. ⛽️💡 https://t.co/UPdQdnI6xN — Jesse Powell (@jespow) February 10, 2023 Aside from regulatory heat, this week was also a decisive one in the ongoing feud between the Gemini exchange and its creditors Genesis, which allegedly owes users of Gemini’s now-frozen Earn product $900 million. Gemini co-founder Cameron Winklevoss on Monday announced that a deal had been reached on a plan to reimburse Earn users: 1/ Today, @Gemini reached an agreement in principle with Genesis Global Capital, LLC (Genesis), @DCGco , and other creditors on a plan that provides a path for Earn users to recover their assets. This agreement was announced in Bankruptcy Court today. — Cameron Winklevoss (@cameron) February 6, 2023 Also that day, an email from the late American software developer Hal Finney resurfaced and was shared widely on Twitter. In it, Finney referred to crypto collectibles two decades before the fact: Story continues Hal Finney would like Bitcoin NFTs. pic.twitter.com/z4cO468pcA — Dan Held (@danheld) February 6, 2023 The following day, entrepreneur Liron Shapiro posted a new company pitch by Israeli-American businessman Adam Neumann, who studiously avoided using the word “crypto” despite being backed by crypto investment company Andreessen Horowitz (aka a16z). Adam Neumann finally explains what his new @a16z -backed company Flow does. His pitch is... about what you\'d expect. https://t.co/z7gJ7hspWM pic.twitter.com/DfJEbdlOkm — Liron Shapira (@liron) February 7, 2023 Crypto news account @Tier10k on Wednesday revealed just how much of Coinbase’s revenue came from staking in Q3 last year. Did it though? In their 10Q they say: "The Company considers itself the principal in transactions with the blockchain networks, and therefore presents such blockchain rewards earned on a gross basis" So there may be an \'expense\' item elsewhere for majority of that back to users? pic.twitter.com/JXjhY6RDem — Dan McArdle (@robustus) February 9, 2023 That day, Coinbase’s CEO Brian Armstrong reacted to rumors of the SEC’s staking crackdown. He defended Ethereum staking, whereby anyone with 32 ETH (about $50,000) can lock up their coins and start mining Ethereum, arguing that this does not make Ethereum a security, which means the matter is out of the SEC’s jurisdiction. 3/ Staking is not a security. Here’s a good primer: https://t.co/G2YLL3IPyo — Brian Armstrong (@brian_armstrong) February 8, 2023 Also on Wednesday, Multi-chain crypto wallet Trust broke down details of a new kind of socially-engineered crypto heist that was recently executed by organized criminals in Italy. Crypto’s Italian Job, if you will. 1/ This week, an organised crime unit from Rome stole $4M from one of our users. It was stated, the thief ‘took a picture’ of the user’s Wallet balance to steal the funds. We’ve done investigating into the events and believe this is how it happened…🧵👇 — Trust - Crypto Wallet (@TrustWallet) February 8, 2023 On Thursday, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, Zhu Su, announced in a multi-tweet thread that his next project will be “ next level cex ” (centralized exchange) with “ fully decentralized custody .” 1/ june/july was total darkness for me, kyle & our creditors after our bet on accelerating crypto adoption proved fatally wrong we were crushed by the collapse of the market & the way our misplaced conviction had contributed to the pain https://t.co/eO5jLjrLU7 — Zhu Su 🔺 (@zhusu) February 9, 2023 That same day, Jameson Lopp, co-founder and CTO of crypto wallet Casa, reacted negatively to the rise of NFT-style assets on Bitcoin : NFT art was dumb on Bitcoin and then NFT art was dumb on Ethereum and then NFT art was dumb on Solana and now NFT art is dumb on Bitcoin again. But folks should be free to have fun. — Jameson Lopp (@lopp) February 9, 2023 On Friday, Andreessen Horowitz’s General Counsel, Miles Jennings, tweeted his thoughts on the SEC vs. Kraken case. “Fortunately, we don’t believe this settlement will have any bearing on exchanges that have structured their programs so as not to implicate securities laws,” he said, then criticized SEC chair Gensler’s infamous regulation-by-enforcement strategy. It has now been FOUR years since the last crypto-related guidance from the SEC, whose Chairman continues to focus on headlines rather than a legitimate effort to protect investors in accordance with the SEC’s core mission. — miles jennings | milesjennings.eth (@milesjennings) February 10, 2023 Bill Huizenga, U.S. Representative for Michigan’s fourth congressional district, also had some sharp words for Gensler: Since @garygensler won\'t abide by his own polices to "come in and talk”, the House GOP will hold him accountable. Today, as promised, our oversight of the @SECGov begins with a request for documents surrounding their interactions with @SBF_FTX , @FTX_Official , and @TheJusticeDept pic.twitter.com/cQ9L66I0t5 — Rep. Bill Huizenga (@RepHuizenga) February 10, 2023 Finally, the crypto community offered its philanthropic support to earthquake victims this week: Our thoughts are with all the people who have been affected by the tragic Turkey-Syria earthquake today. BitMEX will be donating the proceeds of this week’s Trading Competition to the @RedCrescent , and we encourage those who can donate to do the same. #GeçmişOlsunTürkiye — BitMEX (@BitMEX) February 6, 2023 Bitfinex, Keet, Synonym and Tether Pledge 5 Million TRY for Turkiye Earthquake Recovery 🇹🇷 Türkiye’de yaşanan üzücü Deprem felaketi için; Bitfinex, Keet, Synonym ve Tether olarak toplamda 5 Milyon TL’lik Destekte bulunacağız. #GeçmişolsunTürkiye https://t.co/AB81n96cqB pic.twitter.com/G1WJSKbu9X — Tether (@Tether_to) February 6, 2023 The @ahbap charity addresses have so far raised over half a milly, with the majority coming from ERC-20m and BEP-20 transactions. Stablecoins make up the overwhelming majority, but also $ETH , $BNB and $SHIB Track all three wallets as one Portfolio here: https://t.co/GRDBSKD4bZ https://t.co/Jya3HGaELY pic.twitter.com/VIhTpBweLU — Andrew T (@Blockanalia) February 7, 2023']...
**Last 60 Days of Bitcoin's Closing Prices:**
[17815.65, 17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-12
**Financial & Commodity Data:**
- Gold Closing Price: $1862.80
- Crude Oil Closing Price: $79.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,286,414,450
- Hash Rate: 313943411.7760057
- Transaction Count: 259642.0
- Unique Addresses: 617837.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Whenever a discussion of penny stocks to buy materializes, chances are, you are better off staying away than staying not-away. Heres the deal. Im not entirely sure if anybody quantified the average risk of this sector, considering how many such opportunities exist. Suffice to say, though, that most of these trades end up losing money . Its the nature of the beast. That said, every once in a while, you may come across penny stocks to buy that align with a few positive attributes. These could include an undervalued fiscal profile or relevant business or even sentiment based on technical analysis indicators. To be 100% clear, speculative assets commanding these characteristics dont provide any guarantees. They just might improve your odds slightly maybe. To further guide the speculative portion of your portfolio toward the best course possible (relatively speaking of course), I have one major ground rule: none of these market ideas trade over the counter (yet). So, if youre ready to roll the dice on penny stocks to buy for January, read on. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ABEV Ambev $2.64 FSI Flexible Solutions $3.18 JRSH Jerash Holdings $4.01 WIT Wipro $4.59 UGP Ultrapar $2.27 BTG B2Gold $3.79 WAFU Wah Fu Education $2.43 Ambev (ABEV) Pennies in a jar on top of a background of blurred pennies. Penny stocks. Source: John Brueske / Shutterstock To be upfront from the get-go, Ambev (NYSE: ABEV ) only ranks among penny stocks to buy because of its current share price. At $2.61 at time of writing, ABEV appears to be a wildly speculative asset. However, you must look at the bigger picture. Commanding a market capitalization of slightly over $41 billion, this Brazilian brewery actually represents a large-cap enterprise. However, Im grateful that the per-share price allows me to put ABEV on this list of penny stocks to buy. At least, we can start this discussion with a reasonable market idea. For starters, ABEV outperformed countless securities in 2022. During the trailing year, Ambev shares lost less than 1% of equity value. In contrast, the U.S. equities benchmark S&P 500 fell 18% during the same period. Story continues Currently, no analyst covers ABEV, which isnt completely surprising given its non-U.S. background. However, hedge fund sentiment for Ambev pings as strong according to TipRanks. In part, thats probably because since the fourth quarter of 2020, the company mostly beat its per-share profitability target . Flexible Solutions (FSI) A concept image of a penny sitting on a stock chart Source: Billion Photos / Shutterstock.com Based in Victoria, British Columbia, Flexible Solutions (NYSEAMERICAN: FSI ) develops, manufactures and markets specialty chemicals which slow the evaporation of water. At time of writing, Flexible Solutions commands a market capitalization of $39 million, a more emblematic valuation for penny stocks to buy. In the trailing year, FSI lost nearly 18% of equity value. If that didnt scare you off, perhaps you might have the stomach for wagering on Flexible Solutions. To be fair, the company enjoys surprisingly robust financial metrics. For instance, Simplywall.st reports that FSIs price-earnings ratio of 9.5 times sits below the U.S. market PE (14.3 times). Also, in terms of profitability, earnings grew 21.7% annually over the past five years. Adding onto that note, the investment resource projects that earnings may grow 36.73% per year. Thats not necessarily a figure thats pulled out of somewhere dark and cavernous. Per TipRanks data, in the last three quarters, Flexible Solutions conspicuously beat its per-share earnings estimates . Thus, its one of the penny stocks to buy or at least worth considering. Jerash (JRSH) Stacks of pennies representing penny stocks. Source: John Brueske / Shutterstock.com A relatively unknown enterprise for many investors, Jerash (NASDAQ: JRSH ) manufactures and exports custom, ready-made sport and outerwear from Jordan. Interestingly, Jerash underlines the manufacturing of the products that most people would know such as New Balance . Unfortunately, consumer sentiment fell badly in 2022 because of skyrocketing inflation. In the trailing year, JRSH shed over 40% of market value. For conservative investors, that might be the end of the discussion. And to be sure, weakness in the consumer economy particularly record-breaking credit card debt might keep shoppers on the sidelines. Nevertheless, if you want to go contrarian, JRSH may be an intriguing idea among penny stocks to buy. Objectively, Wall Street prices shares at 0.35-times sales . In contrast, the underlying industry median is 0.83 times. Notably, of the one analyst that covers Jerash, it enjoys a moderate buy rating . The price target stands at $8, representing upside potential of 104.6% at time of writing. Also, Jerash beat earnings-per-share targets on several occasions in the past two years. Wipro (WIT) Image of a penny held between two fingers with a white indoor background Source: Shutterstock An Indian multinational corporation, Wipro (NYSE: WIT ) provides information technology, consulting and business process services. Per its public profile, the companys capabilities cover cloud computing, cyber security, digital transformation, artificial intelligence, robotics, data analytics and other technology consulting services. Currently, Wipro features a value of $26.2 billion, another big cap with a price tag ($4.69) emblematic of penny stocks to buy. Still, its massive footprint failed to spare the enterprise from volatility. In the trailing year, WIT hemorrhaged almost 51% of market value. Still, those with the mindset of owning penny stocks to buy might want to roll the dice here. Ive said this before but fundamentally, Wipro entices because of its exposure to Indias tech market. Notably, Indias IT market contributes a little over 9% to its national GDP . Financially, prospective investors may also appreciate the underlying discount. At the moment, Wall Street prices WIT at 15.6-times forward earnings . For comparison, the industry median forward PE pings at nearly 24 times. Ultrapar (UGP) Penny Stocks: A penny sitting on a chart with two trend lines on top Source: InvestorPlace unless otherwise noted Headquartered in Sao Paolo, Brazil, Ultrapar (NYSE: UGP ) focuses mainly on the energy and chemicals market. Through its various subsidiaries, Ultrapar operates businesses involved in fuel distribution, specialty chemical production, bulk liquid storage and also pharmacies. Perhaps not surprisingly because of its wide and diverse footprint, UGP lost only 4.3% in the trailing year. As a larger-sized enterprise, investors enjoy more room to work with than its $2.24 price tag would imply. For one thing, UGP enjoys decent (though not great) stability in the balance sheet. In particular, Ultrapars Altman Z-Score stands at just under 5, reflecting low bankruptcy risk. In terms of value, Gurufocus.com rates UGP as significantly undervalued based on its proprietary calculations. Objectively, Ultrapar offers a discount based on its price-sales ratio of 0.09 times. In contrast, the sector median value stands at a lofty 1.05 times. Finally, the company put on a decent showing since Q4 2020, mostly beating EPS estimates . Only two glaring bum notes appear on Q1 and Q2 of 2021. Thus, UGP may be worth a shot among penny stocks to buy. B2Gold (BTG) 4 Hot Penny Stocks That Could See Outsized Gains Source: Shutterstock A Canadian mining firm, B2Gold (NYSEAMERICAN: BTG ) owns and operates gold mines in Mali, Namibia and the Philippines. Currently, the Federal Reserves efforts to unwind the monetary excesses of the coronavirus pandemic theoretically poses deflationary pressures on B2Gold. However, the market now smiles on BTG. In the trailing year, shares gained over 2%. Granted, its a tricky situation. The unexpectedly robust November jobs report suggests that the Fed may tighten money supply more aggressively. But that raises the specter of global recession risks , which then would bolster the fear trade angle. While penny stocks to buy always present risks, both analysts and the smart money love BTG. Per TipRanks, B2Gold commands a consensus view of strong buy . This breaks down to six individual buy ratings and one hold. Regarding the smart money (i.e. hedge funds), these institutional investors have been bidding up shares since Q3 2021. According to TipRanks, hedge fund sentiment pings as very positive . Wah Fu Education (WAFU) a stack of pennies and a calculator lay stop a graph of market movements Source: Shutterstock One of the less-appreciated penny stocks to buy listed on a major exchange, Wah Fu Education (NASDAQ: WAFU ) is a China-based holding company principally engaged in the provision of online education services and technology research. It also specializes in development services. While relevant, vagaries of Chinas economy based on its governments draconian zero-Covid policy hurt Chinese securities. As evidence, WAFU itself gave up over 35% of equity value in the trailing year. As a less-discussed enterprise (no analyst covers WAFU), the underlying investment carries significant risks, even compared to other penny stocks to buy. However, the company does enjoy some redeeming qualities. Perhaps most notably, Wah Fu commands a solid balance sheet, particularly with a cash-to-debt ratio of nearly 83 times . In comparison, the sector median value sits at a lowly 1.29 times. As well, its return on asset is 4.17%, ranking above nearly 61% of the competition. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks How to Profit Without Getting Scammed On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air It doesnt matter if you have $500 or $5 million. Do this now. The post 7 Must-Buy Penny Stocks for Your January Buy List appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/Odlavso', 'Ordinals chaos reaches a breaking point in bitcoin community - Bitcoin to fork', 243, '2023-02-12 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/', " The CEO of bitcoin tweeted out a couple of minutes ago that bitcoin will be forking! \n\nhttps://preview.redd.it/lxaa0gargnha1.png?width=596&format=png&auto=webp&v=enabled&s=dc8c320d98331a9c19517ff51f577cfe49281499\n\n \n\nBoth groups could not decide who would keep the name of Bitcoin so a compromised was reached.\n\n* Bitcoin classic will now be the same old boring bitcoin that you have come to love, it will be money and only money.\n* New Bitcoin will allow Ordinals and other future advancements, possibly added meme coins\n\nUsers are now having to chose which one they will support, the community is in shambles.\n\n&#x200B;\n\nhttps://preview.redd.it/v5ftf6kzgnha1.jpg?width=500&format=pjpg&auto=webp&v=enabled&s=8139dfc565327e8b2542a119f91f86e9cc8d3bbd\n\n Two subreddits have already been set up and look almost identical, at the moment both have almost all the same members but as they chose a side we should start to see one gain more popularity than the other. \n\n&#x200B;\n\n[Bitcoin classic](https://preview.redd.it/hj1a7w91hnha1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=34fdd5e4b437dc3902656ff82a007cd626850d1b)\n\n[New Bitcoin](https://preview.redd.it/pishb9a1hnha1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3c0cca839290ec6f9b47293b992d24693ab80bb0)\n\n The DOGE millionaire got in on the tweet action stating he would create New Doge \n\nhttps://preview.redd.it/b316fkgsgnha1.png?width=596&format=png&auto=webp&v=enabled&s=59d33d4c3d3f7cd75ab9fee848a5ebe62cf251f9\n\n Bitcoin cash also sent out a tweet to it's hundreds of followers to remind everybody they are still around. \n\nhttps://preview.redd.it/jog4s8stgnha1.png?width=596&format=png&auto=webp&v=enabled&s=192164f58c409e800d046dd72be9eb8832b181d1\n\n \n\n2022 was the worst bear market in crypto history and 2023 is starting off with a bitcoin Fork. Crypto winter is far from over.\n\nWhich will you choose?", 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/', '11025of', [['u/JustDownInTheMines', 55, '2023-02-12 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86iq4w/', 'Lmao that Bitcoin Cash section is pure gold.\n\nThanks for another one of these posts u/Odlavso', '11025of'], ['u/Odlavso', 21, '2023-02-12 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86iw84/', 'I wanted to make sure to include them, people are always forgetting they are still around', '11025of'], ['u/LaPietrah', 53, '2023-02-12 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86jly3/', "I'm on team New Bitcoin, however I think they should've gone with a more catchy name, something like BitcoinSafeMoonCumRocket", '11025of'], ['u/nusk0', 156, '2023-02-12 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86kqex/', "Hi, I just went to the bitcoin website to get reimbursed and there's customer service, this industry has really gone to shit. \nHow can you treat client like that? I'm shopping at Ethereum next time", '11025of'], ['u/tronbob', 46, '2023-02-12 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86lwuy/', 'I thought I was on Buttcoin for a sec', '11025of'], ['u/Mr_Bob_Ferguson', 10, '2023-02-12 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86oedz/', 'I’m not so sure about this “New Bitcoin” stuff.\n\nBitcoin having increased use-cases is concerning to me.\n\nHorses haven’t changed for 1000 years and people still ride them.\n\nIf it ain’t broke, don’t fix it.', '11025of'], ['u/Smiling_Jack_', 28, '2023-02-12 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86owe3/', "OP's funny post aside, \n\n\nI am loving the chaos in the maxi community right now.\n\nBest reason to make a bowl of popcorn since SegWit.", '11025of'], ['u/meeleen223', 11, '2023-02-12 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86p4vi/', "Idk about that I've seen some forked black and white stripped horses", '11025of'], ['u/Mr_Bob_Ferguson', 12, '2023-02-12 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86pd5g/', 'And look at what a failure they were. Limited largely to Africa and yet to reach mainstream adoption.\n\nDon’t let Bitcoin become a striped horse.', '11025of'], ['u/meeleen223', 39, '2023-02-12 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86pdkn/', "I'm gonna talk to the bitcoin manager, this is not how customers should be treated", '11025of'], ['u/JoeYo743', 15, '2023-02-12 02:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86qhmb/', 'Honestly why not go with BitcoinCash? It already got a bigger blocksize that can hold these memes no?', '11025of'], ['u/TheTrueBlueTJ', 15, '2023-02-12 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86vrug/', "I'm gonna demand a refund for my losses!", '11025of'], ['u/Plastic-Club-5497', 16, '2023-02-12 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86wqtg/', 'Easy there bitkaren', '11025of'], ['u/Alfador8', 21, '2023-02-12 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j873ar3/', "I'm a maxi who lives in the maxi echo chamber and I'm not seeing the chaos you're referring to. Most of us seem to be of the opinion that it's an open network and people can do what they want, and that market forces/apathy will eventually push this use-case out (or at least to the margins). I understand that your narrative is more entertaining though", '11025of'], ['u/Qwahzi', 10, '2023-02-12 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j879h36/', 'The problem is that block space & bandwidth are limited resources, and allowing non-monetary transactions could increase operating costs, crowd out value transfer/hard money usecases due to fees, and possibly impact long-term game theory/consensus', '11025of'], ['u/Jetjones', 14, '2023-02-12 05:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87dqb0/', 'Bitcoin sub is deleting new posts about ordinals.\nBitcoin magazine deleted a comment I made about them on a youtube video. No they were not over the top, just raising concern. The debate is being censored, in my experience.', '11025of'], ['u/Jetjones', 12, '2023-02-12 05:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87ee7y/', 'Taproot update accidentally enabled "NFTs" on Bitcoin. You could always post data on it but now actual 4mb images are being dropped on the chain through Ordinals. This is going against the ideology that most have been preaching for years - that Bitcoin’s base layer should stay lean and strong. Apparently Taproot devs said somewhere that there would be a limit on witness data size used by ordinals but I guess not as blocks are being filled by some.\n\nIt’s debatable if this will be bad for bitcoin in the long term but raises fees, decentralization and security concerns. Once thing is certain, average block size almost doubled since the beginning of the fad and the mempool is through the roof. It will for sure kill low fee transactions. More fees is good for miners long term, but useless data on main chain diminishes decentralization. I am all for NFTs on Bitcoin but it should have been built on a second layer, not by bloating the main chain.', '11025of'], ['u/tofubeanz420', 12, '2023-02-12 07:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87pdcm/', 'Welcome to r/Bitcoin the most censored crypto subteddit', '11025of'], ['u/deathbyfish13', 12, '2023-02-12 07:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87qakq/', "We're operating in a grey area between the two subreddits lol", '11025of'], ['u/SquatAngry', 18, '2023-02-12 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87x73y/', 'OP is the founder of the Buttcoin coin so it makes sense.', '11025of'], ['u/1moreApe', 12, '2023-02-12 11:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j8877st/', 'Bitcoin manager here. Dm me your seed phrase so I can help resolve your problems. \n\nI am also the manager of Ethereum and Solana. All your questions will be answered but private key is needed.\n\nDisclaimer : This is 128.69% not a scam, trust me bruh!!', '11025of']]], ['u/Dark181', 'Finger crossed', 64, '2023-02-12 03:59', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/', "I have converted all my cryptos ETH, BTC, MATIC, SOL to SHIB let's see what happens lol 💀", 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/', '1105e97', [['u/OutTop', 10, '2023-02-12 04:05', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/j872gan/', 'Same lol', '1105e97'], ['u/Kryptonian_Investor', 11, '2023-02-12 05:47', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/j87dw4i/', '', '1105e97']]], ['u/Known_Negotiation_30', 'Shopify on deck 🔥', 113, '2023-02-12 04:54', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/', '“Shopify is exploring new blockchain technologies and developing its solutions with its partnership with Hedera Hashgraph and Consensys.” https://bitcoinist.com/shopify-launches-comprehensive-blockchain-suite-for-merchants/', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/', '1106eox', [['u/SoggyKnotts', 24, '2023-02-12 05:00', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/j878te0/', '', '1106eox'], ['u/Perfect_Ability_1190', 44, '2023-02-12 05:02', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/j8793lk/', 'And the hits just keep coming 😎', '1106eox'], ['u/Hysterical_Control_', 18, '2023-02-12 05:09', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/j879u4g/', '', '1106eox'], ['u/jenwhite1974', 22, '2023-02-12 05:36', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/j87cqhz/', 'This is 🔥🔥🔥they would be a great user and/or council member to have on the platform.', '1106eox'], ['u/International-Rate31', 10, '2023-02-12 06:25', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/j87hrn2/', "Good news don't stop this week 😎", '1106eox'], ['u/PoeTayToes_', 10, '2023-02-12 06:41', 'https://www.reddit.com/r/Hedera/comments/1106eox/shopify_on_deck/j87ja3o/', '&#x200B;\n\n', '1106eox']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, February 12, 2023', 32, '2023-02-12 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/', '1107k20', [['u/bitcoins', 18, '2023-02-12 06:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j87jl4o/', 'Tis the long long game of hodl here my friends', '1107k20'], ['u/gozunker', 21, '2023-02-12 07:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j87omw4/', 'I was just thinking “man, in early 2022, how did I not see Bitcoin falling this far” and then I realized that probably most people didn’t foresee “unstable-coin depeg”, “polyamorous autist exchange fraud”, and now maybe “foreign weather balloons and UFOs” on the bear-market bingo card. So I should cut myself some slack.', '1107k20'], ['u/imissusenet', 24, '2023-02-12 13:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j88fd1s/', "Something's about to fall off a cliff. Will it be:\n\nYoY inflation numbers?\n\nThe price of BTC?\n\nWiley Coyote?\n\nThe cliff divers of Acapulco?\n\nThe low pole is currently 11 boxes tall:\n\nhttps://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR[PA][D][F1!3!1.0!!0!20]\n\nA 50% retracement would go back to $22.9K.", '1107k20'], ['u/CrapCloud', 24, '2023-02-12 19:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j89lidu/', "I've been in this space for 10 years now. Bitcoin gave me hope where I had none, it really saved my life. I've spent the last ten years obsessed with bitcoin and I admit that I preach to anyone that will listen about the benefits of bitcoin, and how we can all have hope, we can all have good lives. I'm here to share something tragic that happened to me this past week. I hope that sharing my story can help anyone else from suffering the same pain. Don't lose sight of what is important in life and that is the people that you love. Really pay attention to them. When you love someone you turn towards them and not away. forgive my random ramble I just can't get this out the way I really would like to but I hope you can follow. I'm divorced from a nearly 20 year marriage. It was a big trauma that after 5 years of being single I needed some love. I went what I thought was the safe non committal route to protect my wealth and started to see an escort here and there. I ended up finding a beautiful pair of women that I would see very often over that past two years and they had become girlfriends to me. Beautiful people that have difficult lives and I had become an important part of their lives too. They really depended on me as I depended on them. We would go on dates, listen to music, smoke weed and have good times. They healed my hurt. I'm really just a Dad personality wise and I try my best to give the best advice I can give so that the ones I love can have hope too. I had a rule that we never do anything dangerous like street drugs and they were totally fine with that. I fell in love with one of the women and after two years I was starting to want more from her. But I was oblivious to the clues that would indicate she wanted me too and decided maybe I should end things and try and find unconditional love. Her feelings were staring me right in the face and I pushed her away for what I intended to be just a little break. Also life has gotten a lot more expensive lately with the drop in price and I was really starting to feel stressed about the money I was spending. I tried to put the breaks on. We were going to make it with just a little time. I really believe that things are going to be just fine. Last Saturday I saw here for the last time. Sunday I was cold to her and didn't see her. I know she wanted to see me again and we decided to take the day break and would see each other Monday. She texted me that she was bored while I took a nap for about an hour. I texted back and got no response. hours go by and nothing, the next day I text and nothing, another day goes by and nothing, I didn't want to blow up her phone as I thought she was mad at me and I just waited patiently. But it was very odd at this point. Thursday rolls around and I get a call from our mutual friend and it was my worst fear. She had accidently overdosed on what I was told pills. I really believe she did this accidentally. I will never know what exactly happened. I can't talk to the family, I can't go to the funeral, there will be no closure. I greave for her, I greave for the family and everyone involved. I'm inconsolable right now. The tears won't stop. I got my priorities fucked up. I should have just had her over and not cared about the money. No amount of money can fix this now. Bitcoin could go to the moon and I just don't care anymore. What people need right now is to know they are loved. These stories need to be shared, stay away from the short term kick of street drugs as they are the fast way to the grave. Don't underestimate the hole you will leave in the hearts of the people that love you. Care for yourself like someone you love and love will come to you.", '1107k20'], ['u/Magikarpeles', 29, '2023-02-12 19:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j89p9zl/', "I'm sorry to hear about your girlfriend. I lost my dad to suicide a few years back and it also put things into perspective for me. It sucks but a lot of the time such a huge loss can really end up being a boon to your life by helping you see what's really important.\n\nThat was quite a block of text so I asked chatgpt to summarise it for me (pasting here in case anyone else needs a TL;DR, don't mean to make light of your post):\n\n- The writer has been involved in the Bitcoin space for ten years and views it as a source of hope and a way to improve their life.\n\n- The writer has had a traumatic experience, with the loss of a girlfriend due to a drug overdose.\n\n- The writer realizes that their priorities were misplaced and that the people they love should be given priority over material wealth and things like Bitcoin.\n\n- The writer emphasizes the importance of taking care of oneself and avoiding dangerous activities like using street drugs.\n\n- The writer also highlights the importance of being aware of and attentive to the people we love and to show love to those around us.", '1107k20'], ['u/Westbrook_Level', 23, '2023-02-12 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j89qir7/', 'Early Bitcoiner falls for an escort that overdoses.', '1107k20'], ['u/Oo0o8o0oO', 16, '2023-02-12 20:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j8a0h9n/', 'Jesus Christ, rough take.\n\nI’m all for ragging on this guy for not knowing what paragraphs are, but damn this is brutal.', '1107k20'], ['u/CrapCloud', 13, '2023-02-12 21:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j8a5ron/', "Her mother, father and brothers have lost her at 25. Millions of men around the world seek the services of escorts and dehumanize them at the same time. It's difficult dangerous work for them and most feel like they have no way out. Why not change this and just be nice to them?", '1107k20'], ['u/delgrey', 13, '2023-02-12 21:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j8abacf/', "TLDR; Here's the ChatGPT one sentence summary.\n\nA man lost his girlfriend to an accidental overdose and reflects on the importance of valuing people over money and warns against the dangers of street drugs.", '1107k20'], ['u/cryptosareagirlsbf', 10, '2023-02-12 22:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1107k20/daily_discussion_sunday_february_12_2023/j8ahofy/', "What a sad story. Addiction is an awful thing. I'm sorry for your loss.", '1107k20']]], ['u/rBitcoinMod', 'Daily Discussion, February 12, 2023', 26, '2023-02-12 07:05', 'https://www.reddit.com/r/Bitcoin/comments/1108neh/daily_discussion_february_12_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/10zdvxp/daily_discussion_february_11_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/1108neh/daily_discussion_february_12_2023/', '1108neh', [['u/AloneDay8829', 11, '2023-02-12 07:41', 'https://www.reddit.com/r/Bitcoin/comments/1108neh/daily_discussion_february_12_2023/j87ovs8/', 'Seriously considering deleting all of my social media and not following Bitcoin so closely every day anymore.\n\nIt really drags out the bear market and feels never ending', '1108neh']]], ['u/UpLeftUp', 'What does BSV have to offer? Why buy or use it?', 14, '2023-02-12 07:44', 'https://www.reddit.com/r/bsv/comments/1109a23/what_does_bsv_have_to_offer_why_buy_or_use_it/', "As far as I can tell, these are the main selling points of BSV. Is there anything I'm missing? Any reason why I'm wrong?\n\n**It's scalable** \n\nAssume for a moment that were true, why should I, as a user, care? It means in the future, if lots of people decide to use it, it will work as well as it does now. But if I cared about the future, this coin seems like a pretty poor choice. It's being delisted from exchanges, its founder aggressively bans people on Twitter for asking questions, and fled the country after being accused of tax fraud. The blockchain is so bloated it relies on his company to host it. It's got functionality that allows him to sieze and rellocate coins at will.\n\nA coin that is reliant on someone with a clear and significant mental illness, who lacks morals and isn't receptive to criticism. A coin that is being removed from exchanges, not being added to new exchanges. This doesn't seem like a coin with a future.\n\nThe kicker is the coin itself isn't actually scalable. It just has an overly big block size. So it's been over engineered and has spare capacity. That's very different to something being scalable. \n\n**It's the real bitcoin**\n\nThis is a comical claim because its very clear from the blockchain transfers, sourceforge &github code commits, and bitcointalk forum posts that Satoshi Nakamoto created Bitcoin, someone then cloned the code to make Bitcoin Cash and then someone cloned that code to make Bitcoin SV. There's no basis to make this claim, the same way I can't start selling rubber tyres and say that they are the real rubber tyres because I think my recipe more closely approximates the recipe that was first used when rubber tyres were made. Bitcoin was made with small, manageable blocks,so that anyone could run a node and host the blockchain. BSV is made with such a large block size that you literally need a data centre to host the blockchain. So it's clearly a significant design difference. Not to mention the whole coin confiscation feature.\n\n**It handles micropayments** \n\nWhat actually is a micropayment and why should anyone care? The hundreds of millions of unbanked people in poverty have no need to send a few cents somewhere. They have a need to safely store the small amount of money that they have, or send small amounts to family elsewhere - but not cents. A coin that is barely accepted anywhere, and takes 10 minutes for a transaction doesn't do anything for their needs. So what actually is the point? If I can get a few dollars off my exchange for a fraction of cent fee through Arbitrum, Tron, Polygon or other L2 solutions that are supported, and those transactions are being processed in 10 seconds, what is the point of a coin that takes 10 minutes? \n\nOut of everything, I'm sure that I'm missing something on this 'micropayments' selling point, because it seems ridiculously impractical to me. Who needs to send a few cents and is happy to wait 10 minutes? And whats wrong with the more widely accepted solutions in that case?", 'https://www.reddit.com/r/bsv/comments/1109a23/what_does_bsv_have_to_offer_why_buy_or_use_it/', '1109a23', [['u/nullc', 17, '2023-02-12 09:20', 'https://www.reddit.com/r/bsv/comments/1109a23/what_does_bsv_have_to_offer_why_buy_or_use_it/j87wkhb/', '> The kicker is the coin itself isn\'t actually scalable. It just has an overly big block size. So it\'s been over engineered and has spare capacity. That\'s very different to something being scalable. \n\nImagine identical two bridges, one controlled by the town on the east, one controlled by the town on the west.\n\nIn the beginning both bridges have signs that say "Maximum Weight 10 tons".\n\nThe east bridge gets congested and the people that work on it put in a lot of improvements then increase the weight limits on the sign to say "Maximum Weight 20 tons".\n\nThe west says "forget that, that\'s not an improvement-- THIS is an improvement" and take the weight limit sign down completely.\n\nCurrently the west side bridge is sagging a bit into the river, it had several large struts snap and bandits are hiding behind the failed struts ready to rob unwary travelers.\n\nFans of the west bridge say its the best because it\'s SCALABLE as evidenced by the lack of limits.\n\nFans of the east bridge forgot about the failed west bridge and its curious fans a while ago.\n\n:)\n\nIf you\'re a fan of the western-bridge philosophy and just want relaxed limits there are MANY other options, none of which have BSV\'s baggage. BSV doesn\'t even have all of Bitcoin\'s scalability improvements owing to having been copied from older code and hardly improved the last several years.\n\n> someone then cloned the code to make Bitcoin Cash and then someone cloned that code to make Bitcoin SV.\n\nWright and his paid promoters like Krusty outright lie about the history and they properly should be shamed for doing so. But I don\'t think the history itself is what makes BSV a sham bitcoin-- though it certainly doesn\'t help them. Ultimately people\'s preference are subjective, anyone is free to use and prefer whatever system they want. But when they lie about the justification it makes their case look extremely weak. The fact that they lie about the history in claiming BSV is the "real bitcoin" is a pretty good sign that it doesn\'t have much going for it in terms of merit.', '1109a23']]], ['u/jeremiahkinklepoo', '[Question] How does one buy Bitcoin and fully avoid KYC?', 57, '2023-02-12 07:47', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/', 'Exactly as the title reads. Thank you.', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/', '1109bwy', [['u/extrastone', 16, '2023-02-12 08:29', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/j87sooe/', 'Buy about 0.01 BTC from the street through a friend of a friend on social media.\n\nThen you can buy on bisq.network.', '1109bwy'], ['u/longonbtc', 42, '2023-02-12 08:59', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/j87uzho/', 'You can buy bitcoin directly from someone that owns bitcoin and that is willing to sell you some. You can buy bitcoin from someone that you meet at a Bitcoin meetup that is willing to sell you some. You can buy bitcoin from a bitcoin seller that advertise on a classified ad websites like Craigslist or Gumtree. Or you can use a peer to peer cryptocurrency exchange to easily buy bitcoin directly from a person that is willing to sell bitcoin to other people.\n\nhttps://bisq.network, https://learn.robosats.com, https://agoradesk.com, https://localcoinswap.com, and https://hodlhodl.com are some of the peer to peer cryptocurrency exchanges that make it easy to find someone to buy bitcoin from peer to peer. Bisq is also open source and decentralized. \n\nAll five of those peer to peer cryptocurrency exchanges do not require you to provide any of your personal information to buy or sell bitcoin. Some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do require your name or ID because of certain laws or regulations. And some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do not request any of your personal information.', '1109bwy'], ['u/Eww_vegans', 10, '2023-02-12 11:00', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/j883ppw/', "I'm fairly sure your employer will know who you are.", '1109bwy'], ['u/extrastone', 11, '2023-02-12 16:06', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/j88vtu4/', 'Hop on to the bisq reddit and start asking around. I have already done three hundred successful trades. Every trade has been according to protocol. The only problems were when I had a problem with a bank account.', '1109bwy'], ['u/yatoshii', 14, '2023-02-12 18:24', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/j89fn33/', 'Do you just keep an old link from 2018 when this topic comes up?', '1109bwy'], ['u/yatoshii', 11, '2023-02-12 18:32', 'https://www.reddit.com/r/Bitcoin/comments/1109bwy/question_how_does_one_buy_bitcoin_and_fully_avoid/j89gt2h/', 'So you intentionally googling how to spread FUD, got it. Try harder.', '1109bwy']]], ['u/n1ghsthade', 'Practice good personal financial habits before crypto investing', 87, '2023-02-12 08:40', 'https://www.reddit.com/r/CryptoCurrency/comments/110a53v/practice_good_personal_financial_habits_before/', 'In my opinion you shouldn\'t be investing in highly speculative assets before making sure your personal financial habits are in check.\n\nSome concepts I\'d suggest:\n\n1. Emergency savings account - always assure a healthy savings account to be able to repress financial challenges that may happen to you. You could lose your job, total your car, divorce your wife, become partially unable to work, etc. Depending on where you live, but for me that means roughly 6 times necessary monthly expenses.\n\n\n\n2. Buy less - we live in a wild consumption era. Most of us want more, the latest greatest, etc. I\'d say, cut down and spend less. Do you really need it? Any luxurious item you think you need, delay the purchase for a week and see if you really want it.\n\n\n\n3. Excess money into save investments - with the above, you\'ll be able to invest money that you save on top of your emergency fund. Better start some "safe" investing into ETF and funds in the stock market.\n\n\n4. Use crypto as investment - after having 1-3 in check, you could start crypto investing. Ideally starting with ethereum and bitcoin, and find some other promising coins. Staking for additional returns.\n\n\nWith healthy personal financial habits, you can already earn / save money and invest safely. Spend less than you earn is the best way to become and stay wealthy.', 'https://www.reddit.com/r/CryptoCurrency/comments/110a53v/practice_good_personal_financial_habits_before/', '110a53v', [['u/willdotit', 35, '2023-02-12 09:03', 'https://www.reddit.com/r/CryptoCurrency/comments/110a53v/practice_good_personal_financial_habits_before/j87vc8e/', 'I mean, crypto is more like gambling than investing. For now It’s powered by hope', '110a53v']]], ['u/crownpoly', 'And to think, just last year the Super Bowl deemed ‘Crypto bowl’ was supposed to bring another leg up on the bull run..', 198, '2023-02-12 08:48', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/', '*What has happened since:*\n\nFTX declares bankruptcy and collapses. SBF facing federal charges. \n\nCRO has all but done away with their rewards and staking incentives. 20% layoffs. \n\nBTC down 50% \n\nMany alts are still down 80% \n\nSEC investigating Coinbase over staking \n\nTom Brady lost a lot of money, got a divorce, and retired\n\nMatt Damon’s infamous “Fortune favors the brave” line becomes a meme \n\nSuper bowl cutting crypto ads this year, in favor of alcohol commercials \n\n-Just goes to show how brutal the crypto journey can be. I thought that crypto going mainstream would bring about another big spike, however, I couldn’t have been more wrong. We were at the top all along.', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/', '110a9dn', [['u/zoomercoomer9000', 30, '2023-02-12 08:56', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j87ur9q/', "There was an article posted earlier showing how much you'd be down right now depending on which celebrity you listened to.\n\n\nMatt Damon\n\n* 64% down on BTC\n* 65% down on ETH\n\nSteph Curry \n\n* 50% down on BTC \n* 55% down on ETH\n\n\nLeBron James or Larry David\n\n* 48% down on BTC\n* 45% down on ETH\n\nSpike Lee\n\n* 32% down on BTC\n* 37% down on ETH\n\n\nTom Brady\n\n* 35% down on BTC\n* 24% down on ETH\n\nhttps://slate.com/technology/2023/02/super-bowl-ads-crypto-ftx-larry-david-coinbase-matt-damon.html", '110a9dn'], ['u/CommunityQuirky6073', 18, '2023-02-12 08:59', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j87uzfj/', 'The Crypto Bowl was the last attempt to bring another wave of retail investors for whales to dump their liquidity on. \n\nFortune favors the whales.', '110a9dn'], ['u/CommunityQuirky6073', 45, '2023-02-12 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j87v3sz/', 'Logan Paul \n\n100%', '110a9dn'], ['u/MyWayToTheTop', 10, '2023-02-12 09:16', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j87w8y9/', 'Jim Cramer 100%', '110a9dn'], ['u/Puzzleheaded-Cat2852', 12, '2023-02-12 09:42', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j87y7b6/', '‘’Super bowl cutting crypto ads this year, in favor of alcohol commercial”\n\nThat’s called “the circle of life - crypto investor edition”', '110a9dn'], ['u/little-fishywishy', 18, '2023-02-12 09:57', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j87z7c7/', 'Turns out it was just a rug bowl', '110a9dn'], ['u/Sebanimation', 18, '2023-02-12 10:16', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j880mae/', 'If you end up making money after being through all of this don‘t let anyone tell you that „you just got lucky.“', '110a9dn'], ['u/sacred_thinker', 36, '2023-02-12 10:37', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j8822df/', 'It was never suppose to bring another leg up on the bull run but pump CRO , which it did very well.\n\nIt pumped so well that the hype was at peak and every one here was bullish on it (even tho the bear was slowly taking over) until the whales dumped it all.\n\nAbsolute classic. Hype blinded every one.', '110a9dn'], ['u/Limp-Measurement-614', 38, '2023-02-12 13:47', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j88gau4/', 'When everyone, including your grandma, is talking about crypto that’s your time to sell lol', '110a9dn'], ['u/Head_Body9445', 12, '2023-02-12 17:11', 'https://www.reddit.com/r/CryptoCurrency/comments/110a9dn/and_to_think_just_last_year_the_super_bowl_deemed/j894zmx/', "The moment she asks for doge I'd be scared, since she died years ago.", '110a9dn']]], ['u/Uniformmirror03', 'Good time to start dca?', 14, '2023-02-12 09:15', 'https://www.reddit.com/r/CryptoMarkets/comments/110an7p/good_time_to_start_dca/', 'I hear 2 complete sides of crypto people on Twitter. One saying the start of the next bull run is happening. Which I don’t believe. Or the other side saying they still expect Bitcoin to tank in 2023. It gives me a couple choices of starting to dca now or wait if the huge dump to 16k price and then start my dca. I have been accumulating money since august and have around 8k ready to put in and then 1400 monthly to dca.', 'https://www.reddit.com/r/CryptoMarkets/comments/110an7p/good_time_to_start_dca/', '110an7p', [['u/Devilshire52', 16, '2023-02-12 09:26', 'https://www.reddit.com/r/CryptoMarkets/comments/110an7p/good_time_to_start_dca/j87x0jw/', "Noone knows. I'd start DCAing now and maybe increase the DCA if it crashes later this year.", '110an7p']]], ['u/ChickenFave', 'At what point will the exchange rate of BTC-USD be thought of in sats?', 62, '2023-02-12 10:25', 'https://www.reddit.com/r/Bitcoin/comments/110bonr/at_what_point_will_the_exchange_rate_of_btcusd_be/', "Does anyone else feel non-bitcoiners would feel more inclined to buy when then can buy 100,000 sats for $21?\n\nYes I know they can do the math to work that out rn but we're talking about experienced btc enthusiasts.", 'https://www.reddit.com/r/Bitcoin/comments/110bonr/at_what_point_will_the_exchange_rate_of_btcusd_be/', '110bonr', [['u/procabiak', 55, '2023-02-12 15:40', 'https://www.reddit.com/r/Bitcoin/comments/110bonr/at_what_point_will_the_exchange_rate_of_btcusd_be/j88seto/', "Make bits happen instead.\n\n1 bit = 100 sats \n1 million bits = 1 Bitcoin \n\nIt's easier to understand when 1 bit becomes parity with $1 which is a much closer reality than $1 = 1 satoshi.\n\nNon-Bitcoiner people understand what it means/feels to be a millionaire and people understand why a dollar is a unit of 100 cents. Satoshis being 100 million to 1 is not a normal number to remember, the only thing reaching that high is the Powerball.\n\nCut the bullshit with mBtc/uBtc/8 decimal places and the general populace will catch on. Repeat after me. BITS!", '110bonr'], ['u/urlewdnood', 11, '2023-02-12 19:01', 'https://www.reddit.com/r/Bitcoin/comments/110bonr/at_what_point_will_the_exchange_rate_of_btcusd_be/j89l3pr/', 'Ok but then it should be easier to understand 1sat=1cent/penny of a dollar.', '110bonr']]], ['u/Impossible_Ad5208', 'I actually ask venders if they take BTC just so I can do my bit.', 82, '2023-02-12 11:16', 'https://www.reddit.com/r/Bitcoin/comments/110chdv/i_actually_ask_venders_if_they_take_btc_just_so_i/', "I feel like if I get venders to consider it then we've gained another transaction to the cause. Some times its about reaching those that aren't fully grasping it.", 'https://www.reddit.com/r/Bitcoin/comments/110chdv/i_actually_ask_venders_if_they_take_btc_just_so_i/', '110chdv', [['u/Llonga', 37, '2023-02-12 11:38', 'https://www.reddit.com/r/Bitcoin/comments/110chdv/i_actually_ask_venders_if_they_take_btc_just_so_i/j886da9/', 'Yeah, they don’t care.', '110chdv'], ['u/lingordrone', 40, '2023-02-12 15:11', 'https://www.reddit.com/r/Bitcoin/comments/110chdv/i_actually_ask_venders_if_they_take_btc_just_so_i/j88oypd/', 'I usually ask "Do you take Bitcoin *yet*"', '110chdv'], ['u/Nailsonchalkboard3', 10, '2023-02-12 19:20', 'https://www.reddit.com/r/Bitcoin/comments/110chdv/i_actually_ask_venders_if_they_take_btc_just_so_i/j89nxr9/', "I paid $10 in BTC lightning on Cash app for a Rice crispy made of fruity pebbles at a local event last week. She said she started accepting it because because kept asking. \n\nSo even if they say no, you asking may sway them in the future.\n\nI've also walked another vendor through how to accept BTC on Cash app", '110chdv'], ['u/HBOMax-Mods-Cant-Ban', 24, '2023-02-12 21:50', 'https://www.reddit.com/r/Bitcoin/comments/110chdv/i_actually_ask_venders_if_they_take_btc_just_so_i/j8aa5h9/', 'I don’t take it and I’ve been in crypto since 2014. Family run tourist retail business since 1977. We gross $900k+ year in sales.\n\nToo much of PITA to deal with. It doesn’t integrate with my POS, I’d have to train all my employees on how to use it, and I’d have to manual convert each BTC transaction to cash immediately (in case the market drops) which just adds more on my plate. I also need the cash flow. I can’t let transactions just stay as BTC as I have bills to pay and my vendors want fiat…. Plus, literally no one ever asks if we take it. There is zero demand for it and I see a shit ton of customers every year being in a tourism resort destination in Florida.\n\nI treat it as gold and just hold want I want. I see no viable way to use it easily for daily transactions any time soon for the average Joe consumer or Joe business owner.', '110chdv']]], ['u/slvbtc', 'So I just had a bit of an epiphany about bitcoin becoming the worlds monetary standard.', 27, '2023-02-12 11:34', 'https://www.reddit.com/r/Bitcoin/comments/110crhz/so_i_just_had_a_bit_of_an_epiphany_about_bitcoin/', 'I love bitcoin but I always found it hard to believe it would one day become the worlds money because fiat and government control over the financial system are so imbedded. But as im watching Jim Rickards talk about CBDCs I had a realisation.\n\nCBDCs are horrible but they will be forced upon us within this decade. They are not "cryptocurrencies", they are not "blockchains", CBDCs are simply centralised databases that will allow a synthetic digital dollar to be transferred from a consumer banking app to another consumer banking app whether thats a friend or a merchant or whatever. Its a digital balance transfer system between banks that a central bank has complete insight into and ultimate control over.\n\nBut if I have a digital dollar account and i want to send money to a merchant in china that has a digital yuan account it doesnt work because CBDCs are not global nor interoperable. There may be some blocs that create a unified CBDC on the same rails like BRICS or an IMF rail or something but even then its a botched segregated handful of systems making global commerce a mess. There is however still one politically neutral global value transfer system and thats bitcoin. So to send money from a digital dollar account to a digital yuan account there will be private sector services that use bitcoin as the transfer mechanism between CBDC systems to assist global commerce and interoperability.\n\nHeres the thing. Whatever is used as the transfer mechanism becomes the money. We had gold, we traded gold, gold was money, but then we created paper currency as the way to make gold easier to use over long distances. Gold would be turned to paper currency and moved around the country then turned back to gold at its destination in the same way CBDCs will be turned to bitcoin sent overseas and turned back into CBDCs at the destination. But because the transfer mechanism has greater utility to transfer value people stop holding the thing considered money and just hold the transfer mechanism medium.\n\nSo this natural law essentially means even people who dont like bitcoin and think CBDCs are real money will end up holding bitcoin over CBDCs just because of its transfer mechanism utility. The biggest thing being that bitcoin is not just a more convenient transfer mechanism it is actually a more sound form of money than CBDCs.\n\nThere will be some that hold bitcoin because of its sound monetary characteristics and others who end up holding and using it just because of its transfer mechanism utility and these two forces combined will lead the free market to converge solely on bitcoin and discard CBDCs just as easily as people started using paper currency and forgot about gold.\n\nAdd to this the fact bitcoin is the only option as the worlds reference currency for trade long term as its the only politically neutral money and its so easy to see that there are a multitude of forces at play that all lead to the same eventuality of bitcoin naturally becoming the worlds global monetary system and reserve currency.\n\nThe bitcoin standard becoming a reality is something not even CBDCs will be able to prevent.', 'https://www.reddit.com/r/Bitcoin/comments/110crhz/so_i_just_had_a_bit_of_an_epiphany_about_bitcoin/', '110crhz', [['u/dollhousemassacre', 15, '2023-02-12 13:15', 'https://www.reddit.com/r/Bitcoin/comments/110crhz/so_i_just_had_a_bit_of_an_epiphany_about_bitcoin/j88dkqo/', "CBDCs face an uphill struggle in convincing people why it's actually necessary. Like you mentioned, each country will have it's own, with no interoperability, so we're just back to digital dollars, euros, pounds, or whatever again.\n\nBTC fixes that. It doesn't rely on any single entity. It's quite beautiful, actually.", '110crhz']]], ['u/EnigmaticMJ', "Technologies don't scale in layers", 322, '2023-02-12 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/110dszv/technologies_dont_scale_in_layers/', '&#x200B;\n\nhttps://preview.redd.it/sk161c07vqha1.png?width=1024&format=png&auto=webp&v=enabled&s=eba2eb1a96e21e5a56e7dfe726b6681eefe2653a\n\n# You can\'t scale technologies in layers.\n\nYou ***can*** build applications and reusability/abstraction frameworks in layers.\n\nAnd no, the internet does not "scale in layers" either. I\'ll explain below.\n\nThere is an absurdly common misconception that technologies like Bitcoin can scale in layers. When responding to criticism of Bitcoin\'s lack of sufficient throughput (4-7 tps) and extremely high latency for full confirmation (30-60 minutes), proponents will often claim that "second layer" systems like the Lightning Network magically solve this problem.\n\nThis just simply isn\'t true.\n\n**Lightning is not Bitcoin**, and is not attempting to scale bitcoin itself. It is an entirely separate application that leverages Bitcoin as a *feature* for settlement.\n\nUnfortunately, as a separate application, it also has an entire transactional model of its own, completely separate to Bitcoin\'s. One that is far more complex and prone to bugs, faults, and vulnerabilities, is far less decentralized, and tends to be very custodial.\n\nLightning is indeed relatively scalable, but it makes tremendous sacrifices in complexity, security, and decentralization in order to achieve that scalability.\n\nUnless running your own node, you\'re using LN custodially to some extent, whether a fully custodial wallet or at a minimum custodial channel management. This is completely antithetical to everything Bitcoin represents.\n\nGraph theory tells us that the complexity of searching for paths between two vertices in a weighted directional graph means that Lightning simply cannot scale without dependency on the formation of massive centralized liquidity hubs, acting as middle-men collecting more fees from the users.\n\nThis is essentially a reincarnation of traditional fiat banking/credit/payment applications, only built on top of Bitcoin rather than fiat. Yes, Bitcoin provides a much more sound base layer, but the "transactional" Lightning layer is just as compromised as in current fiat monetary systems.\n\nWe can do better. We can keep the transactional layer on the base layer itself, with significantly improved decentralization, security, throughput, latency, and usability.\n\nI also frequently see Bitcoin supporters pointing to the internet as an example of a system scaling via layers. This is very inaccurate. The internet does not scale in layers. \n\nEach layer of the internet protocol suite is an application or reusability framework layer, and attempts to be as optimized as theoretically possible for its specific purpose. And all of them fully rely on the underlying layers for all relevant activity.\n\nNone of them are attempting to scale their underlying layers.\n\nThe HTTP protocol does not implement its own solution for data transfer. It relies fully on protocols like TCP, UDP, QUIC, etc for data transfer.\n\nThis is not true about Lightning. As I said before, Lightning is a separately application entirely, using its own protocol for transactions and other operations, circumventing Bitcoin\'s transactional security entirely and using it only as a feature for settlement.\n\nMany Bitcoin advocates have seemingly been convinced that it\'s impossible for a base layer to provide adequate scalability (throughput and latency) without sacrificing decentralization or security.\n\nThis problem is often referred to as the "blockchain trilemma". What people tend to misunderstand about this trilemma is that it only applies to parameterizations of a particular system architecture.\n\nIf you take Bitcoin, and make its blocks bigger, or its block time shorter, you can increase scalability significantly. But in doing so, you\'re likely making sacrifices to decentralization and security. This much is true.\n\nBut by completely re-architecting the solution from the ground up, we can and have achieved significant improvement across all areas of concern, including scalability, decen...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In this article, we shall be looking at the 25 best countries for solo female travelers. To skip our detailed analysis of the global tourism sector in 2023, go directly and see10\xa0Best Countries for Solo Female Travelers.\nAs recession fears materialize in 2023,Bloombergnotes that international tourists have boosted spending in popular tourist localities across the globe in 2022 and were one of the key contributors in driving economic recovery. According to the report, 2022 saw more than 900 million international tourists, almost 70% of pre-pandemic levels. However, as costs surge amid increasing global economic uncertainty, the United National World Tourism Organization notes that the demand for domestic and regional travelling is projected to remain reasonably strong and is expected to drive the sector\'s overall recovery from the pandemic.\nTravel Trends Affecting The Industry in 2023: An Overview\nAccording to a report byBloomberg, the plummeting macroeconomic projections are expected to influence travel patterns in 2023. Although the Middle East and Europe are recovering considerably fast and are projected to meet pre-pandemic visitor volumes in 2023, areportby the United Nations World Tourism Organization expects financial constraints to cause tourists seeking more value for money and travelling only close to home this year. Furthermore, according to areporton consumer travel attitudes by the European Travel Commission, price, proximity, and value for money seem to be the overriding decision factors when it comes to international tourism in 2023. Even in the United States, a recentsentiment surveyby Longwoods International demonstrated that 56% of respondents cited airfare as a major deciding factor. More than 30% of respondents have claimed that economic concerns will influence and determine their travel decisions, a 7% increase in such sentiment since August 2022. Countries which can adapt their tourism sectors to meet these new trends are expected to see a faster growth pace in 2023.\nIn a conversation withMcKinsey\'sNina Wittkamp, here is what Axel Hefer, CEO and Managing Director of Trivago, had to say about the short and long term outlook on global tourism in 2022/23:\n"I’m less optimistic about long-haul, intercontinental travel, even in the long term. The opening up of the transatlantic routes can lead to significant demand for international tourism, but travel across geographies is more complicated because of the need to implement safety measures that are in sync between the departing country and the country of destination. For instance, if one region is investing heavily in hygiene and safety measures but there is still a quarantine restriction on a return from another region, that becomes prohibitive."\nGlobally, tourism is expected to continue on its strong-recovery path, both domestically and internationally. International travel is expected to surge by almost 40% in 2023, as compared to an 80% growth rate in 2022. However, areportby Euromonitor claims that the decline in growth pace doesn\'t necessarily signify a decline a trips but simply a difference in growth, owing to inflationary pressures. In this article, we shall take a look at the 25 Best Countries for Solo Female Travelers.\nPhoto byAndrew RuizonUnsplash\nOur Methodology\nFor this article, we looked at theWorld Economic Forum\'s Travel and Tourism Index of 2021, which ranks countries based on a variety of factors that facilitate the sustainability and resilient development of the Travel and Tourism sector within that respective locality. In order to ascertain the best tourist destinations, we only shortlisted countries which ranked in the upper two quintiles of the report. We then cross-referenced the resultant list withGeorgetown Institute\'s Women Peace and Security Index for 2021/22and averaged out the rankings to derive an average score for each country. For example, since France ranks 4th in the Travel and Tourism Index and at 15th in the GIWPS index, its average score for the purpose of this article is 9.5. After replicating the process for every country, we chose the top 25 countries based on their average score and ranked them from lowest to highest.\nWEF TTI Ranking: 29GIWPS Ranking: 20Average Score: 24.5\nAlthough relatively unknown, tourism in the Baltic nation of Estonia is an integral component of the country\'s economy, and makes up for nearly 7.8% of its GDP. Considered one of the safest countries to visit in the world according to a report byOECD, the number of tourist arrivals in Estonia, both domestic and international have been exponentially increasing since 2006.\nPopular destinations in Estonia include Tartu, Parnu, Saaremaa, and the national capital of Tallinn. Old Town in Tallinn is a designated UNESCO World Heritage Site. In 2020, the Government of Estonia kicked off the Tourism Program 2021-24 to further incentivise growth in the tourism sector by investing more than 140 million euros in the travel industry.\nWEF TTI Ranking: 25GIWPS Ranking: 24Average Score: 24.5\nA tourist behemoth of the Middle East, the UAE\'s travel industry employs more than 605,000 people and is projected to account for nearly 12.4% of the oil-rich country\'s total GDP by 2027. From the futuristic metropolitan of Dubai to the scenic landscapes of Ras Al Khaimah, the United Arab Emirates attracts a diverse variety of tourists every year. The Government of the UAE have revealed plans to further \'Emiratize\' the industry which will help the country overcome macroeconomic challenges in 2023.\nWEF TTI Ranking: 15GIWPS Ranking: 33Average Score: 24\nSince the liberalization policies of international travel in the 1980s, the Republic of Korea has slowly been emerging as a hub of tourist attention in Asia. One of the most visited countries in the world, the majority of Korea\'s tourism industry is supported by domestic tourism. Seoul is the primary tourist destination, with other major attractions including Busan, the Seorak-san national park, the historic city of Gyeongju and the subtropical Jeju Island. The recent popularity of Korean popular culture, also known as the \'Korean Wave\', has boosted the growth of the industry in the country.\nWEF TTI Ranking: 22GIWPS Ranking: 22Average Score: 22\nBelgium is considered one of the go-to destinations in Europe, attracting a record 3.4 million tourists in 2022. The tourism industry constituted more than 20 billion euros to the country\'s overall GDP in 2022. Whether it be the country\'s world famous chocolates and diamonds, or a UNESCO World Heritage site in Bruges, Belgium remains a top choice for travelers across the world.\nWEF TTI Ranking: 24GIWPS Ranking: 19Average Score: 21.5\nIreland is home to a diverse plethora of archeological and cultural heritage, attracting millions of tourists every year. Famous sites to visit are the Rock of Cashel, Killarney National Park, and the Cliffs of Moher.\nWEF TTI Ranking: 27GIWPS Ranking: 13Average Score: 20\nTourism is an integral component of New Zealand\'s economy, constituting more than 6% of the country\'s GDP as of 2022. Although it is one of the most expensive localities in the world, New Zealand also has with one of the lowest crime rates and is considered exceptionally safe and secure for solo women travelers.\nWEF TTI Ranking: 10GIWPS Ranking: 28Average Score: 19\nWith more than 56 million tourist arrivals in 2022, Italy is the fifth most visited destination in the world. Considered the hub of modern European culture and tradition, Italy houses the great relics of ancient European glory. From the Colosseum and the Forum to churches and chapels of the Vatican, Italy appeases the young and the old alike.\nWEF TTI Ranking: 1GIWPS Ranking: 35Average Score: 18\nFrom scenic landscapes and cultural sites to modern theme parks and tourist retreats, Japan offers a plethora of activities for tourists. Tourism is a massive industry in Japan, with the country attracting more than 3.8 million visitors in 2022. The country is fast emerging as one of the central hubs of Asian culture.\nWEF TTI Ranking: 16GIWPS Ranking: 18Average Score: 17\nPortugal is a relatively small country, making it easier and cost-effective to travel and explore. From the cosmopolitan city of Lisbon to traditional villages, tourists tend to have a diverse range of travel options. The tourism sector accounted for a massive 17%\xa0 of the country\'s GDP (including indirect effects) pre-pandemic, making Portugal one of five southern European nations most dependant on the sector.\nWEF TTI Ranking: 7GIWPS Ranking: 24Average Score: 15.5\nWhether one is looking to relax on the country\'s sparkling beaches, spend time with friendly wildlife, or catch a show at the Sydney Opera House, Australia is a go-to destination for tourists across the globe. The tourism sector employs more than five percent of the country\'s workforce and makes up for more than 8.2% of Australia\'s export earnings.\nWEF TTI Ranking: 20GIWPS Ranking: 7Average Score: 13.5\nAlthough tourism is a relatively small part of the Swedish economy, the industry has been picking up favor amongst tourists of late. The country is known for its beautiful palaces, ancient towns, anow-capped landscapes and the famous Ice Hotel.\nWEF TTI Ranking: 23GIWPS Ranking: 3Average Score: 13\nTourism in Iceland has grown considerably in economic significance in the past decade, becoming one of the central pillars of the Icelandic economy. The industry contributes more than 39% to the total export revenue of the country, and although numbers haven\'t quite returned to pre-pandemic levels, tourism in Iceland is recording one of the fastest growth rates in Northern Europe.\nWEF TTI Ranking: 21GIWPS Ranking: 5Average Score: 13\nConsidered one of the best destinations in Europe for a city break, Luxembourg is widely known for the Old Quarter of Luxembourg City, the National Museum of History and Art, the Bock Casements and much more.\nWEF TTI Ranking: 13GIWPS Ranking: 12Average Score: 12.5\nKnown for its expansive and beautiful national parks, scenic landscapes and vibrant cosmopolitan life, the tourism sector in Canada is uniquely inclusive and contributes 10% of all full-year jobs. The sector makes up for an estimated $102.5 billion to the Canadian economy.\nWEF TTI Ranking: 14GIWPS Ranking: 10Average Score: 12\nAlthough the tourism sector is a relatively small sector of the country\'s economy, contributing a meagre 5.4% of Netherlands\' GDP, the Netherlands is the go-to destination for tourists wanting to learn more about ancient Viking culture, visit the Van Gogh Museum, explore the canals and cosmopolitan life of Amsterdam and much more.\nClick here to continue reading and see10 Best Countries for Solo Female Travelers.\nSuggested Articles:\n• 20 Most Valuable Swedish Companies\n• 13 Top Performing Bitcoin Stocks in January\n• 25 Smartest Companies To Invest In\nDisclosure:none.25 Best Countries to Visit for Solo Female Travelersis originally published on Insider Monkey.', 'In this article, we shall be looking at the 25 best countries for solo female travelers. To skip our detailed analysis of the global tourism sector in 2023, go directly and see 10\xa0Best Countries for Solo Female Travelers . As recession fears materialize in 2023, Bloomberg notes that international tourists have boosted spending in popular tourist localities across the globe in 2022 and were one of the key contributors in driving economic recovery. According to the report, 2022 saw more than 900 million international tourists, almost 70% of pre-pandemic levels. However, as costs surge amid increasing global economic uncertainty, the United National World Tourism Organization notes that the demand for domestic and regional travelling is projected to remain reasonably strong and is expected to drive the sector\'s overall recovery from the pandemic. Travel Trends Affecting The Industry in 2023: An Overview According to a report by Bloomberg , the plummeting macroeconomic projections are expected to influence travel patterns in 2023. Although the Middle East and Europe are recovering considerably fast and are projected to meet pre-pandemic visitor volumes in 2023, a report by the United Nations World Tourism Organization expects financial constraints to cause tourists seeking more value for money and travelling only close to home this year. Furthermore, according to a report on consumer travel attitudes by the European Travel Commission, price, proximity, and value for money seem to be the overriding decision factors when it comes to international tourism in 2023. Even in the United States, a recent sentiment survey by Longwoods International demonstrated that 56% of respondents cited airfare as a major deciding factor. More than 30% of respondents have claimed that economic concerns will influence and determine their travel decisions, a 7% increase in such sentiment since August 2022. Countries which can adapt their tourism sectors to meet these new trends are expected to see a faster growth pace in 2023. In a conversation with McKinsey\'s Nina Wittkamp, here is what Axel Hefer, CEO and Managing Director of Trivago, had to say about the short and long term outlook on global tourism in 2022/23: "I’m less optimistic about long-haul, intercontinental travel, even in the long term. The opening up of the transatlantic routes can lead to significant demand for international tourism, but travel across geographies is more complicated because of the need to implement safety measures that are in sync between the departing country and the country of destination. For instance, if one region is investing heavily in hygiene and safety measures but there is still a quarantine restriction on a return from another region, that becomes prohibitive." Story continues Globally, tourism is expected to continue on its strong-recovery path, both domestically and internationally. International travel is expected to surge by almost 40% in 2023, as compared to an 80% growth rate in 2022. However, a report by Euromonitor claims that the decline in growth pace doesn\'t necessarily signify a decline a trips but simply a difference in growth, owing to inflationary pressures. In this article, we shall take a look at the 25 Best Countries for Solo Female Travelers. Best Countries for Solo Female Travelers Photo by Andrew Ruiz on Unsplash Our Methodology For this article, we looked at the World Economic Forum\'s Travel and Tourism Index of 2021 , which ranks countries based on a variety of factors that facilitate the sustainability and resilient development of the Travel and Tourism sector within that respective locality. In order to ascertain the best tourist destinations, we only shortlisted countries which ranked in the upper two quintiles of the report. We then cross-referenced the resultant list with Georgetown Institute\'s Women Peace and Security Index for 2021/22 and averaged out the rankings to derive an average score for each country. For example, since France ranks 4th in the Travel and Tourism Index and at 15th in the GIWPS index, its average score for the purpose of this article is 9.5. After replicating the process for every country, we chose the top 25 countries based on their average score and ranked them from lowest to highest. 25 Best Countries for Solo Female Travelers 25. Estonia WEF TTI Ranking: 29 GIWPS Ranking: 20 Average Score: 24.5 Although relatively unknown, tourism in the Baltic nation of Estonia is an integral component of the country\'s economy, and makes up for nearly 7.8% of its GDP. Considered one of the safest countries to visit in the world according to a report by OECD , the number of tourist arrivals in Estonia, both domestic and international have been exponentially increasing since 2006. Popular destinations in Estonia include Tartu, Parnu, Saaremaa, and the national capital of Tallinn. Old Town in Tallinn is a designated UNESCO World Heritage Site. In 2020, the Government of Estonia kicked off the Tourism Program 2021-24 to further incentivise growth in the tourism sector by investing more than 140 million euros in the travel industry. 24. United Arab Emirates WEF TTI Ranking: 25 GIWPS Ranking: 24 Average Score: 24.5 A tourist behemoth of the Middle East, the UAE\'s travel industry employs more than 605,000 people and is projected to account for nearly 12.4% of the oil-rich country\'s total GDP by 2027. From the futuristic metropolitan of Dubai to the scenic landscapes of Ras Al Khaimah, the United Arab Emirates attracts a diverse variety of tourists every year. The Government of the UAE have revealed plans to further \'Emiratize\' the industry which will help the country overcome macroeconomic challenges in 2023. 23. Republic of Korea WEF TTI Ranking: 15 GIWPS Ranking: 33 Average Score: 24 Since the liberalization policies of international travel in the 1980s, the Republic of Korea has slowly been emerging as a hub of tourist attention in Asia. One of the most visited countries in the world, the majority of Korea\'s tourism industry is supported by domestic tourism. Seoul is the primary tourist destination, with other major attractions including Busan, the Seorak-san national park, the historic city of Gyeongju and the subtropical Jeju Island. The recent popularity of Korean popular culture, also known as the \'Korean Wave\', has boosted the growth of the industry in the country. 22. Belgium WEF TTI Ranking: 22 GIWPS Ranking: 22 Average Score: 22 Belgium is considered one of the go-to destinations in Europe, attracting a record 3.4 million tourists in 2022. The tourism industry constituted more than 20 billion euros to the country\'s overall GDP in 2022. Whether it be the country\'s world famous chocolates and diamonds, or a UNESCO World Heritage site in Bruges, Belgium remains a top choice for travelers across the world. 21. Ireland WEF TTI Ranking: 24 GIWPS Ranking: 19 Average Score: 21.5 Ireland is home to a diverse plethora of archeological and cultural heritage, attracting millions of tourists every year. Famous sites to visit are the Rock of Cashel, Killarney National Park, and the Cliffs of Moher. 20. New Zealand WEF TTI Ranking: 27 GIWPS Ranking: 13 Average Score: 20 Tourism is an integral component of New Zealand\'s economy, constituting more than 6% of the country\'s GDP as of 2022. Although it is one of the most expensive localities in the world, New Zealand also has with one of the lowest crime rates and is considered exceptionally safe and secure for solo women travelers. 19. Italy WEF TTI Ranking: 10 GIWPS Ranking: 28 Average Score: 19 With more than 56 million tourist arrivals in 2022, Italy is the fifth most visited destination in the world. Considered the hub of modern European culture and tradition, Italy houses the great relics of ancient European glory. From the Colosseum and the Forum to churches and chapels of the Vatican, Italy appeases the young and the old alike. 18. Japan WEF TTI Ranking: 1 GIWPS Ranking: 35 Average Score: 18 From scenic landscapes and cultural sites to modern theme parks and tourist retreats, Japan offers a plethora of activities for tourists. Tourism is a massive industry in Japan, with the country attracting more than 3.8 million visitors in 2022. The country is fast emerging as one of the central hubs of Asian culture. 17. Portugal WEF TTI Ranking: 16 GIWPS Ranking: 18 Average Score: 17 Portugal is a relatively small country, making it easier and cost-effective to travel and explore. From the cosmopolitan city of Lisbon to traditional villages, tourists tend to have a diverse range of travel options. The tourism sector accounted for a massive 17%\xa0 of the country\'s GDP (including indirect effects) pre-pandemic, making Portugal one of five southern European nations most dependant on the sector. 16. Australia WEF TTI Ranking: 7 GIWPS Ranking: 24 Average Score: 15.5 Whether one is looking to relax on the country\'s sparkling beaches, spend time with friendly wildlife, or catch a show at the Sydney Opera House, Australia is a go-to destination for tourists across the globe. The tourism sector employs more than five percent of the country\'s workforce and makes up for more than 8.2% of Australia\'s export earnings. 15. Sweden WEF TTI Ranking: 20 GIWPS Ranking: 7 Average Score: 13.5 Although tourism is a relatively small part of the Swedish economy, the industry has been picking up favor amongst tourists of late. The country is known for its beautiful palaces, ancient towns, anow-capped landscapes and the famous Ice Hotel. 14. Iceland WEF TTI Ranking: 23 GIWPS Ranking: 3 Average Score: 13 Tourism in Iceland has grown considerably in economic significance in the past decade, becoming one of the central pillars of the Icelandic economy. The industry contributes more than 39% to the total export revenue of the country, and although numbers haven\'t quite returned to pre-pandemic levels, tourism in Iceland is recording one of the fastest growth rates in Northern Europe. 13. Luxembourg WEF TTI Ranking: 21 GIWPS Ranking: 5 Average Score: 13 Considered one of the best destinations in Europe for a city break, Luxembourg is widely known for the Old Quarter of Luxembourg City, the National Museum of History and Art, the Bock Casements and much more. 12. Canada WEF TTI Ranking: 13 GIWPS Ranking: 12 Average Score: 12.5 Known for its expansive and beautiful national parks, scenic landscapes and vibrant cosmopolitan life, the tourism sector in Canada is uniquely inclusive and contributes 10% of all full-year jobs. The sector makes up for an estimated $102.5 billion to the Canadian economy. 11. Netherlands WEF TTI Ranking: 14 GIWPS Ranking: 10 Average Score: 12 Although the tourism sector is a relatively small sector of the country\'s economy, contributing a meagre 5.4% of Netherlands\' GDP, the Netherlands is the go-to destination for tourists wanting to learn more about ancient Viking culture, visit the Van Gogh Museum, explore the canals and cosmopolitan life of Amsterdam and much more. Click here to continue reading and see 10 Best Countries for Solo Female Travelers . Suggested Articles: 20 Most Valuable Swedish Companies 13 Top Performing Bitcoin Stocks in January 25 Smartest Companies To Invest In Disclosure: none. 25 Best Countries to Visit for Solo Female Travelers is originally published on Insider Monkey. View comments', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin might test $20,000 or below, but there\'s still reason to be bullish about the world\'s largest digital asset. Insights: The Securities and Exchange Commission\'s move against Kraken\'s staking program isn\'t an attack on staking as a whole. Prices: CoinDesk Market Index (CMI) 1,031 −8.7 ▼ 0.8% Bitcoin (BTC) $21,740 −118.9 ▼ 0.5% Ethereum (ETH) $1,512 −25.7 ▼ 1.7% S&P 500 4,090.46 +9.0 ▲ 0.2% Gold $1,872 +9.4 ▲ 0.5% Nikkei 225 27,670.98 +86.6 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Is Seeking Support Happy Monday. As Asia started the work week, the CoinDesk Bitcoin Price Index (XBX) fell to $21,750 and ether is down 1.8% to $1,514. Joe DiPasquale of BitBull Capital says that bitcoin is now making an “underside test” having already lost the $23K and $22K levels that will determine if it will reclaim the $23K mark or fall to $20K “rather quickly.” “The market is also reliant on macroeconomic developments, and given how December consumer prices were found to be higher than previously expected, the market may start to consider a bigger rate hike in the next FOMC,” he told CoinDesk in a note. In looking for support, bitcoin is also digesting regulatory developments. Last week, Kraken – but not Coinbase – was fined $30 million by the Securities and Exchange Commission (SEC) for its staking program in the U.S. The Wall Street Journal also reports that Paxos is next on the SEC’s hit list as it targets the Binance USD stablecoin. “Regulations are also a concern for the crypto space, especially after the $30 million fine the SEC imposed on Kraken exchange,” DiPasquale said. “That being said, we believe it is better to get regulatory clarity in a slow market, as opposed to stricter developments during a full-fledged bull market.” Despite all this, DiPasquale said his firm remains bullish on bitcoin – even if it blows through support levels. Story continues “[We] would be looking to accumulate more if prices drop sub-$20,000.” Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +2.7% Smart Contract Platform Shiba Inu SHIB +0.4% Currency Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −5.3% Smart Contract Platform Decentraland MANA −5.0% Entertainment Gala GALA −4.3% Entertainment Insights Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Knock Out DeFi Crypto exchange Kraken and the U.S. Securities and Exchange Commission (SEC) have settled over staking. The regulated Kraken exchange has to pay a $30 million penalty and immediately cease its U.S. service . But, more importantly, staking continues in the United States. Staking refers to locking tokens for a set period to help support the operation of a blockchain. Liquid staking, on the other hand, issues a derivative token that represents the amount of locked tokens to user, allowing them to access decentralized finance (DeFi) services such as lending and borrowing. The way Kraken offered staking was unique, which is why the exchange’s service was shuttered and the SEC didn’t go after Coinbase or make a move on decentralized liquid staking protocols. Central to the SEC’s statement is a lack of transparency on Kraken’s part. Yes, on-chain data shows that Kraken is one of the largest validators, operating a big staking pool. But the SEC seems to be concerned about fund flow: Is ether deposited into Kraken intended for staking really going to staking? Or is it being lent out? Liquid staking protocols such as Lido and Rocket Pool wouldn’t have that same problem. One could track their ether from their wallet into the pool via a block explorer or other chain monitoring tools. In the initial hours after the market learned about the SEC’s interest in going after staking, via a Brian Armstrong tweet , liquid staking tokens such as Lido’s LDO surged and surged again when Kraken’s U.S. staking shop closed its doors . A more reasonable explanation of the surge could come down to the SEC’s current "Yellow Light" towards staking. Staking as an investment strategy is not allowed, but staking as a technical service is. As crypto lawyer Gabriel Shapiro tweeted: “Validation-as-a-service is not like an ‘earn’ program, not like taking capital into a business or fund. It’s a ministerial tech service.” One thing that’s rather telling is that the total value locked of liquid staking protocols like Lido or Rocket Pool didn’t rise in the aftermath. Since the start of the year, the total value locked in Lido has remained stable: It began the year at 4.9 million ether on Jan. 1, and is now around 5.19 million ether. Rocket Pool staked ether rose from around 472,000 to 608,000 during the same time period. Click here to read the full article. Important events 10:50 p.m. HKT/SGT(14:50 UTC) Japan Gross Domestic Product (QoQ) 6:00 a.m. HKT/SGT(22:00 UTC) United Kingdom Claimant Count Change (Jan) 6:00 a.m. HKT/SGT(22:00 UTC) United Kingdom ILO Unemployment Rate (Dec) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Falls Below $22K Following Kraken\'s SEC Settlement Bitcoin (BTC) sank below $22,000 after crypto exchange Kraken gears up to end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges concerning the offering of unregistered securities. Ketsal partner Zachary Fallon and DFD Partners President Bilal Little weighed in. Separately, a contentious Uniswap vote highlighted the opaqueness of decentralized governance. Compound Labs founder Robert Leshner joined the conversation. And, Adweek Senior Reporter Patrick Kulp discussed the lack of crypto ads at the Super Bowl this year. Headlines PayPal Puts Stablecoin Project on Hold, Bloomberg: On Thursday it was reported that PayPal crypto partner Paxos was being probed by the NYDFS Regulating Crypto by Enforcement and Stealth Will Set the US Back: Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk. Tether\'s Attempt to Block CoinDesk\'s Request for Stablecoin Reserve Records Dismissed by New York Court: CoinDesk filed a Freedom of Information Law request for documents about Tether\'s reserves in 2021. Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement: Crypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities. Polygon Exploring Use of ZK Technology for Main Chain, Co-Founder Bjelic Says: In an interview with CoinDesk, Polygon’s Mihailo Bjelic shared the progress the blockchain is making on becoming a ZK-secure ecosystem.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin might test $20,000 or below, but there\'s still reason to be bullish about the world\'s largest digital asset.\nInsights:The Securities and Exchange Commission\'s move against Kraken\'s staking program isn\'t an attack on staking as a whole.\nCoinDesk Market Index (CMI)\n1,031\n−8.7▼0.8%\nBitcoin (BTC)\n$21,740\n−118.9▼0.5%\nEthereum (ETH)\n$1,512\n−25.7▼1.7%\nS&P 500\n4,090.46\n+9.0▲0.2%\nGold\n$1,872\n+9.4▲0.5%\nNikkei 225\n27,670.98\n+86.6▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Is Seeking Support\nHappy Monday.\nAs Asia started the work week, theCoinDesk Bitcoin Price Index (XBX)fell to $21,750 and ether is down 1.8% to $1,514.\nJoe DiPasquale of BitBull Capital says that bitcoin is now making an “underside test” having already lost the $23K and $22K levels that will determine if it will reclaim the $23K mark or fall to $20K “rather quickly.”\n“The market is also reliant on macroeconomic developments, and given how December consumer prices were found to be higher than previously expected, the market may start to consider a bigger rate hike in the next FOMC,” he told CoinDesk in a note.\nIn looking for support, bitcoin is also digesting regulatory developments. Last week,Kraken–but not Coinbase– was fined $30 million by the Securities and Exchange Commission (SEC) for its staking program in the U.S. The Wall Street Journal also reports thatPaxos is nexton the SEC’s hit list as it targets the Binance USD stablecoin.\n“Regulations are also a concern for the crypto space, especially after the $30 million fine the SEC imposed on Kraken exchange,” DiPasquale said. “That being said, we believe it is better to get regulatory clarity in a slow market, as opposed to stricter developments during a full-fledged bull market.”\nDespite all this, DiPasquale said his firm remains bullish on bitcoin – even if it blows through support levels.\n“[We] would be looking to accumulate more if prices drop sub-$20,000.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.4%", "DACS Sector": "Currency"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.0%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.3%", "DACS Sector": "Entertainment"}]\nEther Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Knock Out DeFi\nCrypto exchange Kraken and the U.S. Securities and Exchange Commission (SEC) have settled over staking.\nThe regulated Kraken exchange has topay a $30 million penalty and immediately cease its U.S. service. But, more importantly, staking continues in the United States. Staking refers to locking tokens for a set period to help support the operation of a blockchain. Liquid staking, on the other hand, issues a derivative token that represents the amount of locked tokens to user, allowing them to access decentralized finance (DeFi) services such as lending and borrowing.\nThe way Kraken offered staking was unique, which is why the exchange’s service was shuttered and the SEC didn’t go after Coinbase or make a move on decentralized liquid staking protocols.\nCentral to the SEC’s statement is a lack of transparency on Kraken’s part. Yes,on-chain data showsthat Kraken is one of the largest validators, operating a big staking pool. But the SEC seems to be concerned about fund flow: Is ether deposited into Kraken intended for staking really going to staking? Or is it being lent out?\nLiquid staking protocols such as Lido and Rocket Pool wouldn’t have that same problem. One could track their ether from their wallet into the pool via a block explorer or other chain monitoring tools.\nIn the initial hours after the market learned about the SEC’s interest in going after staking,via a Brian Armstrong tweet, liquid staking tokens such as Lido’s LDO surged andsurged again when Kraken’s U.S. staking shop closed its doors.\nA more reasonable explanation of the surge could come down to the SEC’s current "Yellow Light" towards staking. Staking as an investment strategy is not allowed, but staking as a technical service is.\nAs crypto lawyer Gabriel Shapiro tweeted: “Validation-as-a-service is not like an ‘earn’ program, not like taking capital into a business or fund. It’s a ministerial tech service.”\nOne thing that’s rather telling is that the total value locked of liquid staking protocols like Lido or Rocket Pool didn’t rise in the aftermath.\nSince the start of the year,the total value locked in Lidohas remained stable: It began the year at 4.9 million ether on Jan. 1, and is now around 5.19 million ether. Rocket Pool staked ether rose from around 472,000 to 608,000 during the same time period.\nClick here to read the full article.\n10:50 p.m. HKT/SGT(14:50 UTC)Japan Gross Domestic Product (QoQ)\n6:00 a.m. HKT/SGT(22:00 UTC)United Kingdom Claimant Count Change (Jan)\n6:00 a.m. HKT/SGT(22:00 UTC)United Kingdom ILO Unemployment Rate (Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Falls Below $22K Following Kraken\'s SEC Settlement\nBitcoin (BTC) sank below $22,000 after crypto exchange Kraken gears up to end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges concerning the offering of unregistered securities. Ketsal partner Zachary Fallon and DFD Partners President Bilal Little weighed in. Separately, a contentious Uniswap vote highlighted the opaqueness of decentralized governance. Compound Labs founder Robert Leshner joined the conversation. And, Adweek Senior Reporter Patrick Kulp discussed the lack of crypto ads at the Super Bowl this year.\nPayPal Puts Stablecoin Project on Hold, Bloomberg:On Thursday it was reported that PayPal crypto partner Paxos was being probed by the NYDFS\nRegulating Crypto by Enforcement and Stealth Will Set the US Back:Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk.\nTether\'s Attempt to Block CoinDesk\'s Request for Stablecoin Reserve Records Dismissed by New York Court:CoinDesk filed a Freedom of Information Law request for documents about Tether\'s reserves in 2021.\nCoinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement:Crypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities.\nPolygon Exploring Use of ZK Technology for Main Chain, Co-Founder Bjelic Says:In an interview with CoinDesk, Polygon’s Mihailo Bjelic shared the progress the blockchain is making on becoming a ZK-secure ecosystem.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin might test $20,000 or below, but there\'s still reason to be bullish about the world\'s largest digital asset.\nInsights:The Securities and Exchange Commission\'s move against Kraken\'s staking program isn\'t an attack on staking as a whole.\nCoinDesk Market Index (CMI)\n1,031\n−8.7▼0.8%\nBitcoin (BTC)\n$21,740\n−118.9▼0.5%\nEthereum (ETH)\n$1,512\n−25.7▼1.7%\nS&P 500\n4,090.46\n+9.0▲0.2%\nGold\n$1,872\n+9.4▲0.5%\nNikkei 225\n27,670.98\n+86.6▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Is Seeking Support\nHappy Monday.\nAs Asia started the work week, theCoinDesk Bitcoin Price Index (XBX)fell to $21,750 and ether is down 1.8% to $1,514.\nJoe DiPasquale of BitBull Capital says that bitcoin is now making an “underside test” having already lost the $23K and $22K levels that will determine if it will reclaim the $23K mark or fall to $20K “rather quickly.”\n“The market is also reliant on macroeconomic developments, and given how December consumer prices were found to be higher than previously expected, the market may start to consider a bigger rate hike in the next FOMC,” he told CoinDesk in a note.\nIn looking for support, bitcoin is also digesting regulatory developments. Last week,Kraken–but not Coinbase– was fined $30 million by the Securities and Exchange Commission (SEC) for its staking program in the U.S. The Wall Street Journal also reports thatPaxos is nexton the SEC’s hit list as it targets the Binance USD stablecoin.\n“Regulations are also a concern for the crypto space, especially after the $30 million fine the SEC imposed on Kraken exchange,” DiPasquale said. “That being said, we believe it is better to get regulatory clarity in a slow market, as opposed to stricter developments during a full-fledged bull market.”\nDespite all this, DiPasquale said his firm remains bullish on bitcoin – even if it blows through support levels.\n“[We] would be looking to accumulate more if prices drop sub-$20,000.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+2.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+0.4%", "DACS Sector": "Currency"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.0%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.3%", "DACS Sector": "Entertainment"}]\nEther Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Knock Out DeFi\nCrypto exchange Kraken and the U.S. Securities and Exchange Commission (SEC) have settled over staking.\nThe regulated Kraken exchange has topay a $30 million penalty and immediately cease its U.S. service. But, more importantly, staking continues in the United States. Staking refers to locking tokens for a set period to help support the operation of a blockchain. Liquid staking, on the other hand, issues a derivative token that represents the amount of locked tokens to user, allowing them to access decentralized finance (DeFi) services such as lending and borrowing.\nThe way Kraken offered staking was unique, which is why the exchange’s service was shuttered and the SEC didn’t go after Coinbase or make a move on decentralized liquid staking protocols.\nCentral to the SEC’s statement is a lack of transparency on Kraken’s part. Yes,on-chain data showsthat Kraken is one of the largest validators, operating a big staking pool. But the SEC seems to be concerned about fund flow: Is ether deposited into Kraken intended for staking really going to staking? Or is it being lent out?\nLiquid staking protocols such as Lido and Rocket Pool wouldn’t have that same problem. One could track their ether from their wallet into the pool via a block explorer or other chain monitoring tools.\nIn the initial hours after the market learned about the SEC’s interest in going after staking,via a Brian Armstrong tweet, liquid staking tokens such as Lido’s LDO surged andsurged again when Kraken’s U.S. staking shop closed its doors.\nA more reasonable explanation of the surge could come down to the SEC’s current "Yellow Light" towards staking. Staking as an investment strategy is not allowed, but staking as a technical service is.\nAs crypto lawyer Gabriel Shapiro tweeted: “Validation-as-a-service is not like an ‘earn’ program, not like taking capital into a business or fund. It’s a ministerial tech service.”\nOne thing that’s rather telling is that the total value locked of liquid staking protocols like Lido or Rocket Pool didn’t rise in the aftermath.\nSince the start of the year,the total value locked in Lidohas remained stable: It began the year at 4.9 million ether on Jan. 1, and is now around 5.19 million ether. Rocket Pool staked ether rose from around 472,000 to 608,000 during the same time period.\nClick here to read the full article.\n10:50 p.m. HKT/SGT(14:50 UTC)Japan Gross Domestic Product (QoQ)\n6:00 a.m. HKT/SGT(22:00 UTC)United Kingdom Claimant Count Change (Jan)\n6:00 a.m. HKT/SGT(22:00 UTC)United Kingdom ILO Unemployment Rate (Dec)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Falls Below $22K Following Kraken\'s SEC Settlement\nBitcoin (BTC) sank below $22,000 after crypto exchange Kraken gears up to end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges concerning the offering of unregistered securities. Ketsal partner Zachary Fallon and DFD Partners President Bilal Little weighed in. Separately, a contentious Uniswap vote highlighted the opaqueness of decentralized governance. Compound Labs founder Robert Leshner joined the conversation. And, Adweek Senior Reporter Patrick Kulp discussed the lack of crypto ads at the Super Bowl this year.\nPayPal Puts Stablecoin Project on Hold, Bloomberg:On Thursday it was reported that PayPal crypto partner Paxos was being probed by the NYDFS\nRegulating Crypto by Enforcement and Stealth Will Set the US Back:Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk.\nTether\'s Attempt to Block CoinDesk\'s Request for Stablecoin Reserve Records Dismissed by New York Court:CoinDesk filed a Freedom of Information Law request for documents about Tether\'s reserves in 2021.\nCoinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement:Crypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities.\nPolygon Exploring Use of ZK Technology for Main Chain, Co-Founder Bjelic Says:In an interview with CoinDesk, Polygon’s Mihailo Bjelic shared the progress the blockchain is making on becoming a ZK-secure ecosystem.', 'Bitcoin was little changed in Monday morning trading in Asia in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Bitcoin traded under US$22,000 after the U.S.-based\xa0Kraken crypto exchange halted its staking service on Thursday and paid a fine of US$30 million to the Securities and Exchange Commission (SEC) for failing to register the service. The SEC move sent much of the crypto market lower over the weekend. XRP led the losers this morning, while Solana headed higher. See related article: Huobi to expand in Hong Kong as it bets on China Fast facts Bitcoin dipped 0.4% in the past 24 hours to US$21,796 at 8 a.m. in Hong Kong, losing 5% over the past seven days to trade in the same price range of almost one month ago , according to data from CoinMarketCap . Ether dropped 1.6% to US$1,515, logging a 7.1% weekly loss. Solana rebounded 3.1% to US$21.48, though remains 8.5% lower for the past seven days. The gain today follows a report by crypto research firm Delphi Digital that said Solana is the largest non-fungible token (NFT) blockchain after Ethereum, representing 14% of all NFT transactions. XRP fell 2.3% to trade at US$0.37, a weekly loss of 6%. Ripple Labs Inc., a company whose payment network is powered by XRP, has been engaged in its own legal battle with the SEC since December 2020. The SEC alleges Ripple Labs issued an unregistered security in the form of XRP. The firm said it expects a ruling in the first half of this year, which would provide greater legal clarity to the crypto industry overall. SEC Chair Gary Gensler warned other crypto exchanges to “take note” of the fine on Kraken over its staking service during a Friday appearance on CNBC’s Squawk Box. “Companies like Kraken can offer investment contracts and investment schemes, but they have to have full, fair and truthful disclosure … They were not complying with that basic law,” Gensler said. However, he was criticized for the move on Kraken by SEC Commissioner Hester Peirce , who called it the act of a “lazy” regulator. U.S. equities had a mixed day on Friday. The Dow Jones Industrial Average rose 0.5% and the S&P 500 Index gained 0.2%, while the Nasdaq Composite Index closed the day 0.6% lower. Investors are positioning for Tuesday’s release of the January Consumer Price Index (CPI) in the U.S., a widely used measure of inflation in the economy that is also used by the Federal Reserve to set interest rates. Economists expect an 0.4% increase in the CPI for January for an annual slowdown to 6.2% from 6.5%. Core CPI is expected to grow 0.4% over the previous month, bringing the annual rate to 5.5%. The CPI in December showed prices rose 6.5% year-on-year, falling from the 7.1% recorded in November, which in turn showed a steady decline from October’s 7.7% and 8.2% in September. The Fed has raised interest rates multiple times since last March to tackle inflation, and analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%. See related article: Stablecoin issuer Paxos probed by New York regulator View comments', 'Bitcoin was little changed in Monday morning trading in Asia in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Bitcoin traded under US$22,000 after the U.S.-based\xa0Kraken crypto exchange halted its staking service on Thursday and paid a fine of US$30 million to the Securities and Exchange Commission (SEC) for failing to register the service. The SEC move sent much of the crypto market lower over the weekend. XRP led the losers this morning, while Solana headed higher.\nSee related article:Huobi to expand in Hong Kong as it bets on China\n• Bitcoin dipped 0.4% in the past 24 hours to US$21,796 at 8 a.m. in Hong Kong, losing 5% over the past seven days to trade in thesame price range of almost one month ago, according todata from CoinMarketCap. Ether dropped 1.6% to US$1,515, logging a 7.1% weekly loss.\n• Solana rebounded 3.1% to US$21.48, though remains 8.5% lower for the past seven days. The gain today follows a report bycrypto research firm Delphi Digitalthat said Solana is the largest non-fungible token (NFT) blockchain after Ethereum, representing 14% of all NFT transactions.\n• XRP fell 2.3% to trade at US$0.37, a weekly loss of 6%. Ripple Labs Inc., a company whose payment network is powered by XRP, has been engaged in its own legal battle with the SEC since December 2020. The SEC alleges Ripple Labs issued an unregistered security in the form of XRP. Thefirm said it expects a rulingin the first half of this year, which would provide greater legal clarity to the crypto industry overall.\n• SEC ChairGary Gensler warnedother crypto exchanges to “take note” of the fine on Kraken over its staking service during a Friday appearance on CNBC’s Squawk Box. “Companies like Kraken can offer investment contracts and investment schemes, but they have to have full, fair and truthful disclosure … They were not complying with that basic law,” Gensler said.\n• However, he was criticizedfor the move on Kraken by SEC Commissioner Hester Peirce, who called it the act of a “lazy” regulator.\n• U.S. equities had a mixed day on Friday. The Dow Jones Industrial Average rose 0.5% and the S&P 500 Index gained 0.2%, while the Nasdaq Composite Index closed the day 0.6% lower.\n• Investors are positioning for Tuesday’s release of the January Consumer Price Index (CPI) in the U.S., a widely used measure of inflation in the economy that is also used by the Federal Reserve to set interest rates.\n• Economists expect an 0.4% increase in the CPI for January for an annual slowdown to 6.2% from 6.5%. Core CPI is expected to grow 0.4% over the previous month, bringing the annual rate to 5.5%.\n• The CPI in December showed prices rose 6.5% year-on-year, falling from the 7.1% recorded in November, which in turn showed a steady decline from October’s 7.7% and 8.2% in September.\n• The Fed has raised interest rates multiple times since last March to tackle inflation, and analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated th
**Last 60 Days of Bitcoin's Closing Prices:**
[17364.87, 16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-13
**Financial & Commodity Data:**
- Gold Closing Price: $1851.90
- Crude Oil Closing Price: $80.14
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,033,056,088
- Hash Rate: 303650131.9290037
- Transaction Count: 299329.0
- Unique Addresses: 666916.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • A unit of Genesis Global says a trader known as "Bitcoin Jesus" has yet to settle all his crypto options trades.
• GGC International's claim was part of a January 23 filing in New York State Supreme Court.
• Genesis filed for bankruptcy this month after being impacted by the bankruptcies of FTX and Three Arrows.
GGC International, a branch ofGenesis Global, alleged that veteran trader Roger Ver, also know as "Bitcoin Jesus," has yet to settle some of his cryptocurrency options trades, according to January 23 court filings first cited byCoinDesk.
The claims were noted in documents with the New York State Supreme Court in Manhattan shortly after Genesis' chapter 11 bankruptcy filing earlier this month.
The Genesis subsidiary is a British Virgin Islands company that offers spot trading and derivatives for digital assets, and is owned by Genesis Bermuda Holdco Limited, the report noted. That's one of the names included in Genesis' bankruptcy filing.
Court documents show GCG International seeks "money damages for defendant's failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022, in an amount to be determined at trial but no less than $20.9 million."
So-called Bitcoin Jesus was an early advocate for the world's most popular token, buthas also been a polarizing figurewithin the crypto and blockchain communities.
Meanwhile, crypto lender Genesis had been facing issues long before the recent collapse of FTX, asInsiderpreviously reported. Months before Sam Bankman-Fried's exchange imploded, Genesis was impacted by the fall of hedge fund Three Arrows Capital. A wave of executive departures ensued later in the year, and insiders say they felt like they were in the dark regarding the stability of the firm.
Here's what Derar Islim, interim CEO of Genesis, said in a January 19 statement:
"While we have made significant progress refining our business plans to remedy liquidity issues caused by the recent extraordinary challenges in our industry, including the default of Three Arrows Capital and the bankruptcy of FTX, an in-court restructuring presents the most effective avenue through which to preserve assets and create the best possible outcome for all Genesis stakeholders."
Read the original article onBusiness Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data fromDune.\nLaunched last month,Ordinalsis the latest project aiming to bring NFTs into the Bitcoin ecosystem.Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch ofStacks.\nWhat distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.\nDevelopers have inscribed JPEGs, audio files, videos, and evenvideo gamesto test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinalswebsiteand Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network.\nBitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles.\n“Ordinals have been live for a few months now, but it’s only really a week old in terms of mass adoption,” Satoshibles developer Brian Laughlan toldDecrypton Discord. “It’s going to take a while before we see general wallet support.” Launched in 2021,Satoshiblesis the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks.\nAs Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos,Bitcoin minersare raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone.\nUnsurprisingly, clones of popular NFT projects likeCryptoPunksand Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data fromDune.\nLaunched last month,Ordinalsis the latest project aiming to bring NFTs into the Bitcoin ecosystem.Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch ofStacks.\nWhat distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.\nDevelopers have inscribed JPEGs, audio files, videos, and evenvideo gamesto test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinalswebsiteand Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network.\nBitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles.\n“Ordinals have been live for a few months now, but it’s only really a week old in terms of mass adoption,” Satoshibles developer Brian Laughlan toldDecrypton Discord. “It’s going to take a while before we see general wallet support.” Launched in 2021,Satoshiblesis the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks.\nAs Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos,Bitcoin minersare raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone.\nUnsurprisingly, clones of popular NFT projects likeCryptoPunksand Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Despite pushback from Bitcoin purists, Ordinals\x97the NFT-like project on the Bitcoin blockchain\x97shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data from Dune . Launched last month, Ordinals is the latest project aiming to bring NFTs into the Bitcoin ecosystem. Counterparty , launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch of Stacks . What distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token. Developers have inscribed JPEGs, audio files, videos, and even video games to test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinals website and Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network. Bitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles. \x93Ordinals have been live for a few months now, but it\x92s only really a week old in terms of mass adoption,\x94 Satoshibles developer Brian Laughlan told Decrypt on Discord. \x93It\x92s going to take a while before we see general wallet support.\x94 Launched in 2021, Satoshibles is the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks. Many Bitcoiners, no matter what they say, are scrambling to mint a pre 100k inscription. Hilarious how people have 2 faces. Y\x92all would all be served better to just maintain 1 face and be honest. It\x92s a better life. \x97 ck (going to Bitcoin 2023) (@ck_SNARKs) February 13, 2023 As Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos, Bitcoin miners are raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone. Story continues Unsurprisingly, clones of popular NFT projects like CryptoPunks and Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:This year will continue to be a challenge for crypto, but it\'s possible that bitcoin will hit $25,000, says Ryan Grace, Tastycrypto\'s head of digital assets .\nInsights:In a news analysis, CoinDesk markets reporter Sam Reynolds explains why Asia is a more likely global hub for the evolution of digital assets.\nCoinDesk Market Index (CMI)\n1,029\n−2.5▼0.2%\nBitcoin (BTC)\n$21,776\n+22.3▲0.1%\nEthereum (ETH)\n$1,505\n−7.2▼0.5%\nS&P 500\n4,137.29\n+46.8▲1.1%\nGold\n$1,866\n+3.4▲0.2%\nNikkei 225\n27,427.32\n−243.7▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBNB Down on Regulatory Concerns While Bitcoin, Ether Flat\nBinance is getting lots of love from regulators this Valentines’ Day (Tuesday, UTC), sending BNB down 6.5% while bitcoin and ether remain flat.\nRegulators in the United States are closely eyeing crypto these days, and Binance’s BUSD stablecoin is their latest target. The Securities and Exchange Commission (SEC) is set to launch enforcement action against Paxos, the issuer of BUSD, as it deems the stablecoin a security. Paxos says that itwill vigorously defend itself, and the issue is going to court.\nTradersaren’t reacting well, with withdrawals from Binance surging, according to on-chain data from Nansen.\n"If this is a Binance issue, we see further kind of regulatory scrutiny being imposed by the SEC, you do have that headline risk, and I think that\'s certainly what\'s weighing on crypto markets,” Tastycrypto Head of Digital Assets Ryan Grace told CoinDesk TV.\nBut Grace added: "I believe that the macro kind of economic backdrop is still the primary driver here. It\'s Fed policy. In addition to some of the SEC headlines, we have CPI again on Tuesday expected to come down a little bit. But you\'re starting to see in the markets a bit of a concern that not so much even a soft landing, but that the Fed isn\'t going to land here. The economy is gonna run hot, and ultimately you\'re going to see higher interest rates."\nGrace says it\'s possible for bitcoin to end the year above $25,000, but in the immediate future it’s still a difficult market.\n“You’re gonna see a lot more volatility, a lot more chop before we get there,” he said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.1%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.0%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}]\nA Regulatory Cloud Is Forming Over the US\nThe U.S. Securities and Exchange Commission’s attack on crypto has continued for a second week. Just as Asia got to work on Monday,the Wall Street Journal had a bombshell: The SEC was going after Binance-branded stablecoin BUSD.\nGoing after BUSD might seem like a strange tactic to some observers. While the stablecoin wears Binance’s branding, it\'s issued by Paxos and regulated by the New York Department of Financial Services. As opposed to Tether,which fought in court to keep what’s backing USDT a secret, BUSD is the right way to do a stablecoin.\nEven as Binance CEO Changpeng "CZ" Zhaotweeted that BUSD "funds are Safu,"the market reacted negatively to the report. Starting Asian morning hours on Monday, the BNB Chain\'s native BNB tokens fell 7% and BUSD saw some $52 million in inflows to exchanges – a sign of bearish sentiment,data firms such as CryptoQuant said.\nSources close to the matter say the whole thing came without warning. But that’s not good enough for the SEC.\nThe regulator has placed a curse on it – theHowey Test– a 1933 U.S. Supreme Court case that determined that if a transaction is found to be an investment contract, it’s considered a security.\nTo be sure, there is an argument – an ancient one in crypto years – that stablecoins are securities.\nA June 2022 briefing paperprepared by the Congressional Research Serviceoutlines how under theReves test, which came from a 1990 case that examined when a note is a security, stablecoins may qualify as securities under Reves’ four-part test.\n“Even so, some commentators have proposed theories to support the proposition that stablecoin purchasers may be motivated by profits for purposes of the Howey and Reves tests,” the CRS paper reads. “In brief, the arguments appeal to the role that stablecoins play in facilitating cryptocurrency speculation and the fact that some stablecoins have traded above par during crypto-market turmoil.”\nCRS concludes that the issue remains “unsettled,” but cautions that the lack of clarity sets the stage for a trial.\nAnd here we are today.\nThe problem is, while the U.S. engages in “regulation by enforcement,” Asia’s financial centers are developing clear-cut frameworks.\nHong Kong is developing its own stablecoin regime, which looks to give the green light to asset-backed stablecoins (provided the reserve assets are of “high quality and high liquidity” while meeting outstanding stablecoins in circulation) but gives a red light to algorithmic stablecoins.\nMeanwhile, the Monetary Authority of Singapore is in theprocess of consultationwith stablecoin issuers. One proposed route could see them being licensed under the city-state’s digital payment token service providers regime, which is regulated by the Payment Services Act 2019.\nIn an interview with CoinDesk during the Singapore Fintech Week, Ripple’s general counsel, Stu Alderoty,who’s currently leading Ripple’s fight against the SEC, said that all of this simply hurts the retail consumer in the U.S. that the SEC is supposed to protect.\n“It has not provided clarity, and it\'s pushing innovation offshore to other economic centers like Singapore,” he said. “If the U.S. gets this wrong, they\'re going to lose their position as a leader in this new financial economy.”\nBinance, in a statement to CoinDesk after the story broke, seemed to amplify Alderoty’s thoughts.\n“Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm," a spokesperson said.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q4)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Consumer Price Index ex Food & Energy (YoY/Jan)\n6:00 a.m. HKT/SGT(22:00 UTC)United Kingdom Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nPaxos to Stop Minting Stablecoin BUSD Following Regulatory Action; Algorand Foundation\'s Push to Expand Web3\nBitcoin (BTC) and ether (ETH) both traded down after Stablecoin issuer Paxos announced it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC).\nNFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA:The latest non-fungible token donation highlights how major art institutions are embracing digital collectibles.\nRegulator NYDFS Says Paxos Didn\'t Administer Binance USD in \'Safe and Sound\' Manner, Reuters:The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.\nAave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure:As circulating supply trends to zero, the lack of growth could "hurt peg arbitrage opportunity and asset peg," one community member said.\nPaxos to Stop Minting Stablecoin BUSD Following Regulatory Action:It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.\nBrazil\'s Largest Public Bank Enables Tax Payments to Be Made With Crypto:The service will operate in partnership with Bitfy, a startup focused on blockchain solutions.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: This year will continue to be a challenge for crypto, but it\'s possible that bitcoin will hit $25,000, says Ryan Grace, Tastycrypto\'s head of digital assets . Insights: In a news analysis, CoinDesk markets reporter Sam Reynolds explains why Asia is a more likely global hub for the evolution of digital assets. Prices: CoinDesk Market Index (CMI) 1,029 −2.5 ▼ 0.2% Bitcoin (BTC) $21,776 +22.3 ▲ 0.1% Ethereum (ETH) $1,505 −7.2 ▼ 0.5% S&P 500 4,137.29 +46.8 ▲ 1.1% Gold $1,866 +3.4 ▲ 0.2% Nikkei 225 27,427.32 −243.7 ▼ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) BNB Down on Regulatory Concerns While Bitcoin, Ether Flat Binance is getting lots of love from regulators this Valentines’ Day (Tuesday, UTC), sending BNB down 6.5% while bitcoin and ether remain flat. Regulators in the United States are closely eyeing crypto these days, and Binance’s BUSD stablecoin is their latest target. The Securities and Exchange Commission (SEC) is set to launch enforcement action against Paxos, the issuer of BUSD, as it deems the stablecoin a security. Paxos says that it will vigorously defend itself , and the issue is going to court. Traders aren’t reacting well , with withdrawals from Binance surging, according to on-chain data from Nansen. "If this is a Binance issue, we see further kind of regulatory scrutiny being imposed by the SEC, you do have that headline risk, and I think that\'s certainly what\'s weighing on crypto markets,” Tastycrypto Head of Digital Assets Ryan Grace told CoinDesk TV. But Grace added: "I believe that the macro kind of economic backdrop is still the primary driver here. It\'s Fed policy. In addition to some of the SEC headlines, we have CPI again on Tuesday expected to come down a little bit. But you\'re starting to see in the markets a bit of a concern that not so much even a soft landing, but that the Fed isn\'t going to land here. The economy is gonna run hot, and ultimately you\'re going to see higher interest rates." Story continues Grace says it\'s possible for bitcoin to end the year above $25,000, but in the immediate future it’s still a difficult market. “You’re gonna see a lot more volatility, a lot more chop before we get there,” he said. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +1.7% Smart Contract Platform Bitcoin BTC +0.1% Currency Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −4.1% Smart Contract Platform Shiba Inu SHIB −4.0% Currency Loopring LRC −3.9% Smart Contract Platform Insights A Regulatory Cloud Is Forming Over the US The U.S. Securities and Exchange Commission’s attack on crypto has continued for a second week. Just as Asia got to work on Monday, the Wall Street Journal had a bombshell : The SEC was going after Binance-branded stablecoin BUSD. Going after BUSD might seem like a strange tactic to some observers. While the stablecoin wears Binance’s branding, it\'s issued by Paxos and regulated by the New York Department of Financial Services. As opposed to Tether, which fought in court to keep what’s backing USDT a secret , BUSD is the right way to do a stablecoin. Even as Binance CEO Changpeng "CZ" Zhao tweeted that BUSD "funds are Safu," the market reacted negatively to the report. Starting Asian morning hours on Monday, the BNB Chain\'s native BNB tokens fell 7% and BUSD saw some $52 million in inflows to exchanges – a sign of bearish sentiment, data firms such as CryptoQuant said . Sources close to the matter say the whole thing came without warning. But that’s not good enough for the SEC. The regulator has placed a curse on it – the Howey Test – a 1933 U.S. Supreme Court case that determined that if a transaction is found to be an investment contract, it’s considered a security. To be sure, there is an argument – an ancient one in crypto years – that stablecoins are securities. A June 2022 briefing paper prepared by the Congressional Research Service outlines how under the Reves test , which came from a 1990 case that examined when a note is a security, stablecoins may qualify as securities under Reves’ four-part test. “Even so, some commentators have proposed theories to support the proposition that stablecoin purchasers may be motivated by profits for purposes of the Howey and Reves tests,” the CRS paper reads. “In brief, the arguments appeal to the role that stablecoins play in facilitating cryptocurrency speculation and the fact that some stablecoins have traded above par during crypto-market turmoil.” CRS concludes that the issue remains “unsettled,” but cautions that the lack of clarity sets the stage for a trial. And here we are today. The problem is, while the U.S. engages in “regulation by enforcement,” Asia’s financial centers are developing clear-cut frameworks. Hong Kong is developing its own stablecoin regime , which looks to give the green light to asset-backed stablecoins (provided the reserve assets are of “high quality and high liquidity” while meeting outstanding stablecoins in circulation) but gives a red light to algorithmic stablecoins. Meanwhile, the Monetary Authority of Singapore is in the process of consultation with stablecoin issuers. One proposed route could see them being licensed under the city-state’s digital payment token service providers regime, which is regulated by the Payment Services Act 2019. In an interview with CoinDesk during the Singapore Fintech Week, Ripple’s general counsel, Stu Alderoty, who’s currently leading Ripple’s fight against the SEC , said that all of this simply hurts the retail consumer in the U.S. that the SEC is supposed to protect. “It has not provided clarity, and it\'s pushing innovation offshore to other economic centers like Singapore,” he said. “If the U.S. gets this wrong, they\'re going to lose their position as a leader in this new financial economy.” Binance, in a statement to CoinDesk after the story broke, seemed to amplify Alderoty’s thoughts. “Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm," a spokesperson said. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Gross Domestic Product s.a. (YoY/Q4) 12:30 p.m. HKT/SGT(4:30 UTC) United States Consumer Price Index ex Food & Energy (YoY/Jan) 6:00 a.m. HKT/SGT(22:00 UTC) United Kingdom Consumer Price Index (YoY/Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action; Algorand Foundation\'s Push to Expand Web3 Bitcoin (BTC) and ether (ETH) both traded down after Stablecoin issuer Paxos announced it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Headlines NFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA: The latest non-fungible token donation highlights how major art institutions are embracing digital collectibles. Regulator NYDFS Says Paxos Didn\'t Administer Binance USD in \'Safe and Sound\' Manner, Reuters: The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors. Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure: As circulating supply trends to zero, the lack of growth could "hurt peg arbitrage opportunity and asset peg," one community member said. Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action: It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security. Brazil\'s Largest Public Bank Enables Tax Payments to Be Made With Crypto: The service will operate in partnership with Bitfy, a startup focused on blockchain solutions.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:This year will continue to be a challenge for crypto, but it\'s possible that bitcoin will hit $25,000, says Ryan Grace, Tastycrypto\'s head of digital assets .\nInsights:In a news analysis, CoinDesk markets reporter Sam Reynolds explains why Asia is a more likely global hub for the evolution of digital assets.\nCoinDesk Market Index (CMI)\n1,029\n−2.5▼0.2%\nBitcoin (BTC)\n$21,776\n+22.3▲0.1%\nEthereum (ETH)\n$1,505\n−7.2▼0.5%\nS&P 500\n4,137.29\n+46.8▲1.1%\nGold\n$1,866\n+3.4▲0.2%\nNikkei 225\n27,427.32\n−243.7▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBNB Down on Regulatory Concerns While Bitcoin, Ether Flat\nBinance is getting lots of love from regulators this Valentines’ Day (Tuesday, UTC), sending BNB down 6.5% while bitcoin and ether remain flat.\nRegulators in the United States are closely eyeing crypto these days, and Binance’s BUSD stablecoin is their latest target. The Securities and Exchange Commission (SEC) is set to launch enforcement action against Paxos, the issuer of BUSD, as it deems the stablecoin a security. Paxos says that itwill vigorously defend itself, and the issue is going to court.\nTradersaren’t reacting well, with withdrawals from Binance surging, according to on-chain data from Nansen.\n"If this is a Binance issue, we see further kind of regulatory scrutiny being imposed by the SEC, you do have that headline risk, and I think that\'s certainly what\'s weighing on crypto markets,” Tastycrypto Head of Digital Assets Ryan Grace told CoinDesk TV.\nBut Grace added: "I believe that the macro kind of economic backdrop is still the primary driver here. It\'s Fed policy. In addition to some of the SEC headlines, we have CPI again on Tuesday expected to come down a little bit. But you\'re starting to see in the markets a bit of a concern that not so much even a soft landing, but that the Fed isn\'t going to land here. The economy is gonna run hot, and ultimately you\'re going to see higher interest rates."\nGrace says it\'s possible for bitcoin to end the year above $25,000, but in the immediate future it’s still a difficult market.\n“You’re gonna see a lot more volatility, a lot more chop before we get there,” he said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.1%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.0%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}]\nA Regulatory Cloud Is Forming Over the US\nThe U.S. Securities and Exchange Commission’s attack on crypto has continued for a second week. Just as Asia got to work on Monday,the Wall Street Journal had a bombshell: The SEC was going after Binance-branded stablecoin BUSD.\nGoing after BUSD might seem like a strange tactic to some observers. While the stablecoin wears Binance’s branding, it\'s issued by Paxos and regulated by the New York Department of Financial Services. As opposed to Tether,which fought in court to keep what’s backing USDT a secret, BUSD is the right way to do a stablecoin.\nEven as Binance CEO Changpeng "CZ" Zhaotweeted that BUSD "funds are Safu,"the market reacted negatively to the report. Starting Asian morning hours on Monday, the BNB Chain\'s native BNB tokens fell 7% and BUSD saw some $52 million in inflows to exchanges – a sign of bearish sentiment,data firms such as CryptoQuant said.\nSources close to the matter say the whole thing came without warning. But that’s not good enough for the SEC.\nThe regulator has placed a curse on it – theHowey Test– a 1933 U.S. Supreme Court case that determined that if a transaction is found to be an investment contract, it’s considered a security.\nTo be sure, there is an argument – an ancient one in crypto years – that stablecoins are securities.\nA June 2022 briefing paperprepared by the Congressional Research Serviceoutlines how under theReves test, which came from a 1990 case that examined when a note is a security, stablecoins may qualify as securities under Reves’ four-part test.\n“Even so, some commentators have proposed theories to support the proposition that stablecoin purchasers may be motivated by profits for purposes of the Howey and Reves tests,” the CRS paper reads. “In brief, the arguments appeal to the role that stablecoins play in facilitating cryptocurrency speculation and the fact that some stablecoins have traded above par during crypto-market turmoil.”\nCRS concludes that the issue remains “unsettled,” but cautions that the lack of clarity sets the stage for a trial.\nAnd here we are today.\nThe problem is, while the U.S. engages in “regulation by enforcement,” Asia’s financial centers are developing clear-cut frameworks.\nHong Kong is developing its own stablecoin regime, which looks to give the green light to asset-backed stablecoins (provided the reserve assets are of “high quality and high liquidity” while meeting outstanding stablecoins in circulation) but gives a red light to algorithmic stablecoins.\nMeanwhile, the Monetary Authority of Singapore is in theprocess of consultationwith stablecoin issuers. One proposed route could see them being licensed under the city-state’s digital payment token service providers regime, which is regulated by the Payment Services Act 2019.\nIn an interview with CoinDesk during the Singapore Fintech Week, Ripple’s general counsel, Stu Alderoty,who’s currently leading Ripple’s fight against the SEC, said that all of this simply hurts the retail consumer in the U.S. that the SEC is supposed to protect.\n“It has not provided clarity, and it\'s pushing innovation offshore to other economic centers like Singapore,” he said. “If the U.S. gets this wrong, they\'re going to lose their position as a leader in this new financial economy.”\nBinance, in a statement to CoinDesk after the story broke, seemed to amplify Alderoty’s thoughts.\n“Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from further undue harm," a spokesperson said.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q4)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Consumer Price Index ex Food & Energy (YoY/Jan)\n6:00 a.m. HKT/SGT(22:00 UTC)United Kingdom Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nPaxos to Stop Minting Stablecoin BUSD Following Regulatory Action; Algorand Foundation\'s Push to Expand Web3\nBitcoin (BTC) and ether (ETH) both traded down after Stablecoin issuer Paxos announced it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC).\nNFT Influencer Cozomo de’ Medici Donates 22 Digital Artworks to LACMA:The latest non-fungible token donation highlights how major art institutions are embracing digital collectibles.\nRegulator NYDFS Says Paxos Didn\'t Administer Binance USD in \'Safe and Sound\' Manner, Reuters:The New York regulator said Paxos’ management of the stablecoin left it open to use by bad actors.\nAave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure:As circulating supply trends to zero, the lack of growth could "hurt peg arbitrage opportunity and asset peg," one community member said.\nPaxos to Stop Minting Stablecoin BUSD Following Regulatory Action:It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.\nBrazil\'s Largest Public Bank Enables Tax Payments to Be Made With Crypto:The service will operate in partnership with Bitfy, a startup focused on blockchain solutions.', 'Cryptocurrency commissions are a low 0.20% - 0.30% of trade value GREENWICH, Conn., February 14, 2023 --( BUSINESS WIRE )-- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced its launch of cryptocurrency trading in Hong Kong, enabling Professional Investor clients of Interactive Brokers Hong Kong to trade Bitcoin (BTC) and Ethereum (ETH). Eligible clients including individuals with over HKD 8 million in investable assets or institutions with assets greater than HKD 40 million who are residents of Hong Kong, can now trade cryptocurrency alongside other asset classes available on the Interactive Brokers platform creating a unified client experience. Cryptocurrency trading through Interactive Brokers Hong Kong is powered by OSL Digital Securities and has low commissions of just 0.20% - 0.30% of trade value, depending on monthly volume, with a USD 2.25 minimum per order, with no added spreads or markups. The launch of these services comes at a pivotal moment in the evolution of the regulated digital asset landscape in Hong Kong. Investors are showing a growing interest in digital assets and this collaboration is poised to make a significant impact on the Hong Kong digital asset market. "Investor demand for digital assets continues to grow in Hong Kong and around the world, and we are pleased to introduce cryptocurrency to address the trading objectives of clients in this important market," said David Friedland, Head of APAC at Interactive Brokers. "Eligible clients will benefit from our low costs and the ability to trade crypto alongside many other global products from a single unified platform." Trading cryptocurrency and other asset classes previously required investors to use multiple trading platforms from different brokers and exchanges. Cryptocurrency trading on the Interactive Broker’s platform, however, allows investors to transact and view balances through a single platform that provides a unified view. Interactive Brokers’ clients benefit from the convenience of centralized cash management and can trade Bitcoin and Ethereum plus stocks, options, futures, bonds, event contracts, mutual funds, and ETFs from a single screen. Story continues "We are excited to bring our expertise in the digital asset space to the market through these initiatives. The launch of regulated digital asset trading services marks the inception of a transformative process in the digital asset market," said Hugh Madden, CEO at BC Group and OSL. "We eagerly anticipate the emergence of additional market alliances that will drive growth and increase market share." Interactive Brokers launched cryptocurrency trading in Hong Kong in collaboration with OSL Digital Securities, the world\'s first Type 1 and 7 Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors. For more information, visit: https://www.interactivebrokers.com.hk/en/trading/products-cryptocurrencies-hk.php About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the fifth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022, Best Online Brokers Review. View source version on businesswire.com: https://www.businesswire.com/news/home/20230213005496/en/ Contacts Interactive Brokers Group, Inc. Katherine Ewert, [email protected]', 'Cryptocurrency commissions are a low 0.20% - 0.30% of trade value GREENWICH, Conn., February 14, 2023 --( BUSINESS WIRE )-- Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced its launch of cryptocurrency trading in Hong Kong, enabling Professional Investor clients of Interactive Brokers Hong Kong to trade Bitcoin (BTC) and Ethereum (ETH). Eligible clients including individuals with over HKD 8 million in investable assets or institutions with assets greater than HKD 40 million who are residents of Hong Kong, can now trade cryptocurrency alongside other asset classes available on the Interactive Brokers platform creating a unified client experience. Cryptocurrency trading through Interactive Brokers Hong Kong is powered by OSL Digital Securities and has low commissions of just 0.20% - 0.30% of trade value, depending on monthly volume, with a USD 2.25 minimum per order, with no added spreads or markups. The launch of these services comes at a pivotal moment in the evolution of the regulated digital asset landscape in Hong Kong. Investors are showing a growing interest in digital assets and this collaboration is poised to make a significant impact on the Hong Kong digital asset market. "Investor demand for digital assets continues to grow in Hong Kong and around the world, and we are pleased to introduce cryptocurrency to address the trading objectives of clients in this important market," said David Friedland, Head of APAC at Interactive Brokers. "Eligible clients will benefit from our low costs and the ability to trade crypto alongside many other global products from a single unified platform." Trading cryptocurrency and other asset classes previously required investors to use multiple trading platforms from different brokers and exchanges. Cryptocurrency trading on the Interactive Broker’s platform, however, allows investors to transact and view balances through a single platform that provides a unified view. Interactive Brokers’ clients benefit from the convenience of centralized cash management and can trade Bitcoin and Ethereum plus stocks, options, futures, bonds, event contracts, mutual funds, and ETFs from a single screen. Story continues "We are excited to bring our expertise in the digital asset space to the market through these initiatives. The launch of regulated digital asset trading services marks the inception of a transformative process in the digital asset market," said Hugh Madden, CEO at BC Group and OSL. "We eagerly anticipate the emergence of additional market alliances that will drive growth and increase market share." Interactive Brokers launched cryptocurrency trading in Hong Kong in collaboration with OSL Digital Securities, the world\'s first Type 1 and 7 Securities and Futures Commission (SFC)-licensed digital asset brokerage and trading platform for professional investors. For more information, visit: https://www.interactivebrokers.com.hk/en/trading/products-cryptocurrencies-hk.php About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the fifth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022, Best Online Brokers Review. View source version on businesswire.com: https://www.businesswire.com/news/home/20230213005496/en/ Contacts Interactive Brokers Group, Inc. Katherine Ewert, [email protected]', 'Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies. Paxos Trust Co. was ordered on Monday to stop issuing its U.S. dollar-pegged Binance USD (BUSD) stablecoin by New York authorities and it reportedly faces an SEC investigation. BNB, the native currency of Binance the world’s largest crypto exchange, had the biggest drop on the list.\nSee related article:Paxos ordered to stop issuing Binance USD stablecoin: report\n• Bitcoin rose 0.1% in the past 24 hours to US$21,800 at 8 a.m. in Hong Kong, but is down 4.2% over the past seven days,according to CoinMarketCap. Ether dropped 0.56 to US$1,506, posting a 6.8% weekly loss.\n• BNB fell 5.9% to US$294.40, bringing weekly losses to 9.3%.\n• The New York Department of Financial Services ordered Paxos to stop issuing the BUSD stablecoin and the company received notice from the U.S. Securities and Exchange Commission that it may face an investigation as the regulator regards BUSD as an unregistered security, according to aMonday press release.\n• “Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws,” the firm said in the release.\n• A stablecoin is a crypto token pegged to the value of an asset, in this case the U.S. dollar, and collateralized by the underlying asset. BUSD was co-developed by Paxos and the Binance exchange. The Ethereum-based stablecoin is issued and managed by Paxos.\n• Paxos said the BUSD it issues is fully backed with U.S. dollar-denominated reserves and is fully segregated.Paxos reported about $16 billion in collateral backing BUSD as of Jan. 31.\n• The moves on Paxos by regulators follow the SECslapping a US$30 million fine on the Kraken U.S.-based crypto exchange last weekfor what it called the illegal operation of a crypto staking program.\n• The actions by regulators unnerved some investors, with Polygon dropping 4.3% to trade at US$1.19, a loss of 0.3% for the past week. Solana fell 3.3% to US$20.78, a weekly loss of 8.4%.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average and the S&P 500 Index both gained 1.1% while the Nasdaq Composite Index closed the day 1.4% higher.\n• The gains come ahead of Tuesday’s release of the U.S. Consumer Price Index (CPI) for January, a key measure of inflation that the Federal Reserve uses to set interest rates. Economists expect an 0.4% increase in the CPI for January from December, however, the year-on-year pace is slowing.\n• The CPI in December showed prices rose 6.5% year-on-year from the 7.1% recorded in November, which in turn declined from October’s 7.7% and 8.2% in September.\n• The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge.\xa0 Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%.\nSee related article:UAE central bank to issue CBDC, promote digital asset growth', 'Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies. Paxos Trust Co. was ordered on Monday to stop issuing its U.S. dollar-pegged Binance USD (BUSD) stablecoin by New York authorities and it reportedly faces an SEC investigation. BNB, the native currency of Binance the world’s largest crypto exchange, had the biggest drop on the list. See related article: Paxos ordered to stop issuing Binance USD stablecoin: report Fast facts Bitcoin rose 0.1% in the past 24 hours to US$21,800 at 8 a.m. in Hong Kong, but is down 4.2% over the past seven days, according to CoinMarketCap . Ether dropped 0.56 to US$1,506, posting a 6.8% weekly loss. BNB fell 5.9% to US$294.40, bringing weekly losses to 9.3%. The New York Department of Financial Services ordered Paxos to stop issuing the BUSD stablecoin and the company received notice from the U.S. Securities and Exchange Commission that it may face an investigation as the regulator regards BUSD as an unregistered security, according to a Monday press release . “Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws,” the firm said in the release. A stablecoin is a crypto token pegged to the value of an asset, in this case the U.S. dollar, and collateralized by the underlying asset. BUSD was co-developed by Paxos and the Binance exchange. The Ethereum-based stablecoin is issued and managed by Paxos. Paxos said the BUSD it issues is fully backed with U.S. dollar-denominated reserves and is fully segregated. Paxos reported about $16 billion in collateral backing BUSD as of Jan. 31. The moves on Paxos by regulators follow the SEC slapping a US$30 million fine on the Kraken U.S.-based crypto exchange last week for what it called the illegal operation of a crypto staking program. The actions by regulators unnerved some investors, with Polygon dropping 4.3% to trade at US$1.19, a loss of 0.3% for the past week. Solana fell 3.3% to US$20.78, a weekly loss of 8.4%. U.S. equities rose on Monday. The Dow Jones Industrial Average and the S&P 500 Index both gained 1.1% while the Nasdaq Composite Index closed the day 1.4% higher. The gains come ahead of Tuesday’s release of the U.S. Consumer Price Index (CPI) for January, a key measure of inflation that the Federal Reserve uses to set interest rates. Economists expect an 0.4% increase in the CPI for January from December, however, the year-on-year pace is slowing. The CPI in December showed prices rose 6.5% year-on-year from the 7.1% recorded in November, which in turn declined from October’s 7.7% and 8.2% in September. The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge.\xa0 Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%. See related article: UAE central bank to issue CBDC, promote digital asset growth', 'Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies. Paxos Trust Co. was ordered on Monday to stop issuing its U.S. dollar-pegged Binance USD (BUSD) stablecoin by New York authorities and it reportedly faces an SEC investigation. BNB, the native currency of Binance the world’s largest crypto exchange, had the biggest drop on the list.\nSee related article:Paxos ordered to stop issuing Binance USD stablecoin: report\n• Bitcoin rose 0.1% in the past 24 hours to US$21,800 at 8 a.m. in Hong Kong, but is down 4.2% over the past seven days,according to CoinMarketCap. Ether dropped 0.56 to US$1,506, posting a 6.8% weekly loss.\n• BNB fell 5.9% to US$294.40, bringing weekly losses to 9.3%.\n• The New York Department of Financial Services ordered Paxos to stop issuing the BUSD stablecoin and the company received notice from the U.S. Securities and Exchange Commission that it may face an investigation as the regulator regards BUSD as an unregistered security, according to aMonday press release.\n• “Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws,” the firm said in the release.\n• A stablecoin is a crypto token pegged to the value of an asset, in this case the U.S. dollar, and collateralized by the underlying asset. BUSD was co-developed by Paxos and the Binance exchange. The Ethereum-based stablecoin is issued and managed by Paxos.\n• Paxos said the BUSD it issues is fully backed with U.S. dollar-denominated reserves and is fully segregated.Paxos reported about $16 billion in collateral backing BUSD as of Jan. 31.\n• The moves on Paxos by regulators follow the SECslapping a US$30 million fine on the Kraken U.S.-based crypto exchange last weekfor what it called the illegal operation of a crypto staking program.\n• The actions by regulators unnerved some investors, with Polygon dropping 4.3% to trade at US$1.19, a loss of 0.3% for the past week. Solana fell 3.3% to US$20.78, a weekly loss of 8.4%.\n• U.S. equities rose on Monday. The Dow Jones Industrial Average and the S&P 500 Index both gained 1.1% while the Nasdaq Composite Index closed the day 1.4% higher.\n• The gains come ahead of Tuesday’s release of the U.S. Consumer Price Index (CPI) for January, a key measure of inflation that the Federal Reserve uses to set interest rates. Economists expect an 0.4% increase in the CPI for January from December, however, the year-on-year pace is slowing.\n• The CPI in December showed prices rose 6.5% year-on-year from the 7.1% recorded in November, which in turn declined from October’s 7.7% and 8.2% in September.\n• The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge.\xa0 Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5%.\nSee related article:UAE central bank to issue CBDC, promote digital asset growth', 'Tezro multi-purpose application provides cryptocurrency holders with a cutting-edge e-commerce experience, seamless payments instruments. Paris, France --News Direct-- Tezro\'s Innovative Ecosystem Tezro multi-purpose application provides cryptocurrency holders with a cutting-edge e-commerce experience, seamless payments instruments and the opportunity to chat with friends and colleagues securely and confidentially. At its core, Tezro application works as a crypto-centric retail payments solution with built-in messaging functions. As such, its team strives to create an instant messenger that works like "a bank in your pocket." Tezro supports the entire basic functionality of top-tier cryptocurrency wallets. It is perfectly tailored for secure and confidential storage of major blockchain assets Bitcoin (BTC) and Ethereum (ETH), veteran proof-of-stake (PoS) currency EOS, as well as leading stablecoins by Tether Limited: U
**Last 60 Days of Bitcoin's Closing Prices:**
[16647.48, 16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-14
**Financial & Commodity Data:**
- Gold Closing Price: $1854.00
- Crude Oil Closing Price: $79.06
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $419,773,498,175
- Hash Rate: 299757181.5196575
- Transaction Count: 302653.0
- Unique Addresses: 675701.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Trading activity increased strongly across the board in January, but derivatives volume grew faster than spot markets, according to data from CryptoCompare. Derivatives volume in January was up 76.1% from December to $2.04 trillion, the largest percentage increase since January 2021 when volume rose 114%. Derivatives trading now represents 70.3% of the entire crypto market, up from 68% in December, according to CryptoCompare data. The large trading activity increase came alongside big gains for the world’s largest cryptocurrencies by market capitalization, with bitcoin ( BTC ) and ether ( ETH ) up 40% and 32%, respectively, in January. “This suggests that price increases were driven by derivative market speculation rather than spot market accumulation,” said CryptoCompare in its report. (CryptoCompare) With $1.26 trillion in volume, Binance continued as the largest derivatives exchange in January, followed by Bybit which had a 115% increase to $301 billion (the only integrated derivative exchange with triple-digit, month-on-month growth). Bybit recorded its highest-ever market share in derivative markets at 14.6% in January. Though not keeping up with derivatives, spot markets also witnessed large volume gains in January, with CryptoCompare’s AA- or A-graded exchanges posting a 67% jump in trading activity. Binance, Coinbase and Kraken were the top exchanges in terms of spot volume....
- Reddit Posts (Sample): [['u/iconicfuzzles', 'question about btc transfers', 12, '2023-02-14 01:08', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/', "So my boyfriend sent me about 3k in bitcoin this morning (which he purchased right before he sent to me) and it has only been plummeting since, so i've made no profit since he sent it to me. I was wondering if i sell it right now, given it has decreased in value, will i have to pay taxes on it? no right? cause i haven't gained any profit and nor has he cuz he just purchased that amount this morning and it has since decreased in value. please help! i want to sell because this money is for personal use and i don't have western union, so this was the only way to send me money. i am scared that if i sell it, i'll have to pay a ton of taxes in the future on it for selling. thanks!", 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/', '111oeoz', [['u/Ezzmon', 12, '2023-02-14 01:51', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/j8fzv5q/', "By plummeting, do you mean staying basically the same as the last 3 weeks? Here's a tip; hold onto it. At some point, and yes for the unfamiliar it may seem like a long time, the price will skyrocket relative to it's current value.", '111oeoz'], ['u/MostBoringStan', 10, '2023-02-14 02:40', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/j8g66ug/', 'BTC is down about 0.07% in the past 24 hours. Not quite plummeting. If he bought it at the peak in the last 24 hours, it would be down 0.94%, so still far from a plummet.\n\nBut to answer your question, no, there would be no taxes to pay on a loss.', '111oeoz']]], ['u/Doe6', 'After 5 years of being a loyal customer to Coinbase only to get screwed over. Done with them.', 11, '2023-02-14 01:40', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/', 'I urge EVERY Coinbase user to cancel and get their money out ASAP! I am currently having an issue with these fools. I have been using Coinbase since November 2017, haven\'t had a SINGLE issue until now. I convinced my father to buy a Bitcoin on January 20th, 2022. He didn\'t want to open a Coinbase account, so he just wrote me a check of $20,000. I deposit this money and the funds are available the next day. The next day, I purchase Bitcoin on my Coinbase account. Now, since 20,000 is a large amount, Chase needs to send a fraud alert to the account holder. My father hates phones, doesn\'t use them so everything is connected to my mother\'s phone. She barely speaks English, she\'s foreign. So she received the Chase Fraud Alert text and clicked "No" she thought it was some scam. She told my father, my father went to the bank and resolved it. Mind you, the 20,000 is already in Coinbase. So Monday, January 23rd, I get an email from Coinbase saying there was some suspicious activity. They\'re locking my account, I cannot make purchases and the money I deposited cannot be withdrawn for an entire month. They extended the time to withdraw funds for me as well. It is now Febuary 13th and I still cannot make purchases or withdraw from my Coinbase account. My money is just stuck in there. I\'ve contacted Coinbase several times, the agents are just worthless bots. I called them, they act like they are working hard and are urgently working on your case. They keep giving the same bot message that it can take up to 14 days, it\'s been way more than that. When is it acceptable to reach out to an attorney and sort this out? This is crazy. Case #14461019, 14362437,14363575,14470533. They keep giving new case numbers. I will call in again tomorrow and likely receive another.\n\n&#x200B;\n\nEdit: First time I chatted with a Coinbase agent, they said up to a MAXIMUM of 6 days. 2nd time I talked to an agent they said up to 14 days, then I explained my first encounter, then switched it to another MAXIMUM of 6 days. The third time I spoke with an agent they said up to 14 days, they keep kicking it down the road. Is this acceptable?', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/', '111p44i', [['u/Began2L8inlife', 14, '2023-02-14 03:12', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/j8gacee/', "From my understanding you shouldn't keep opening new cases with them as it slows down the response to your original case number. May not be CB but rather your Chase Bank's fraud alert. It sounds like, and I mean no offense whatsoever, you should step in more to assist your father who hates and doesn't use phones and your mother who doesn't speak English well.\n\nHope it gets resolved soon for you. Good luck!!!", '111p44i'], ['u/pob125', 12, '2023-02-14 08:20', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/j8h6g0k/', 'Your bank flagged it so coinbase had to flag it.coinbase not at fault here but rather the user.', '111p44i']]], ['u/[deleted]', 'This is BEFORE inflation surge in recent years 🔥', 108, '2023-02-14 02:21', 'https://www.reddit.com/r/economy/comments/111pzu3/this_is_before_inflation_surge_in_recent_years/', '\nMy takeaway: \nThe important shit (healthcare, tuition, even housing but to a lower degree) is skyrocketing, the necessities have been pretty level/stable, the bullshit (tvs,software,video games) are so cheap it’s almost like they want us to distract ourself in the magic light box and ignore the fact that we are getting price gouged. I could go on a whole rant but I’ll save that for now but that’s the gist of how I read this.\n\nI’d be totally cool with this thread turning into a discussion of why healthcare and/or college tuition has gotten so expensive - unrelated sidenote I thought was interesting - new cars have been relatively flat; that matches my experience at least pre-inflation eta that started in ‘21 so I believe it but just wonder why something like a car can predictable stay same price relatively while housing is increasing by 50+% (probably even more now this was when the economy was doing “well”..) I know those are two totally different things but both involve complex supply chain and “manufacturing” obstacles/problems so the main difference is the nature of the buyers market but I’ve already typed too much for this post\n\nMy goal for this post:\n-get other perspectives on what this data means\n-get other perspectives on (indirectly) related topics \n-aggregate source links to more recent versions of this same graph or similar (BLS was source on mine)\n-?\n\nI doubt anyone will read this but at the very least I’m saving the pic on reddits servers until i can save it on my main storage drive later 🕵️\u200d♂️👍\n\n*🔥 doesn’t mean the god kind of “lit” in the post title, this is of genuine concern to me (even if I’m not necessarily majorly affected by it; not yet at least) \n\nTLDR- \nIf you are interested in historical/current trends especially related to price changes and inflation:\n\nCheck the infographic, comment thoughts or updated links to similar date from reputable sources (please don’t just post a screenshot without a source somewhere attached to the comment) - OR provide insight on if you think this will began to improve at all in the near future under any major party leadership? (Republican rhetoric seems to be common sense good for economy, but as we saw under trump the modern R’s are divided on what fiscal conservatism or fiscal responsibility means (still can’t believe a trump era bill sent checks to everyone in America .. I can understand relief bills for those who got laid off or hours cut but no reason everyone I know (well over 50% were gainfully employed) should just get $1000+ checks. I cashed it don’t get me wrong lol but I felt like I didn’t deserve that financial aid and at a time when our future financial situation in US is a [messs](https://usdebtclock.org) it really was inexcusable. Again those who needed relief should have gotten some checks but it was really an economic stimulus check framed as relief for struggling Americans *eyeroll*', 'https://i.redd.it/cxokhl3kk3ia1.jpg', '111pzu3', [['u/whodo-i-thinkiam', 18, '2023-02-14 03:30', 'https://www.reddit.com/r/economy/comments/111pzu3/this_is_before_inflation_surge_in_recent_years/j8gcs7o/', "Inelastic goods inflate much more than elastic goods, because some things are much easier to live without than others. Living without a TV or a smart phone isn't nearly as difficult as living without shelter or some necessary medicine. If you're selling a medication that someone needs to stay alive, they'll likely pay whatever you're charging, if they're able.", '111pzu3']]], ['u/liveaskings', 'Where do you see the Market Cap reaching in 10 years?', 23, '2023-02-14 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/', 'As the title says, Where do you see the Market Cap reaching in 10 years? \n\nAfter this last bull run, we saw a lot of leading cryptocurrencies exploded in 2021, causing the global crypto market cap to hit a new record high.\n\nFrom what I could find and according to data from TradingPlatforms.com, the combined value of all crypto reached $2.43 trillion on November 14th when BTC hit $65,649. \n\nCurrent market cap has us at a $1.049 trillion. \n\nWhere do you see us reaching in the next decade? \n\nI have always heard people compare BTC with the market cap of gold, gold currently sits at a $12.289 trillion. Do you think that is achievable? \n\nLet me know your thoughts!', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/', '111qps4', [['u/Odlavso', 15, '2023-02-14 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/j8g8ma2/', 'US stock market marketcap is 40 trillion so I would think the entire crypto marketcap could reach 20 trillion in 10 years if we get more adoption worldwide. \n \n20 trillion seems reasonable right?', '111qps4'], ['u/ThiccMangoMon', 10, '2023-02-14 03:01', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/j8g8zzp/', 'id say 4-6 trillion crypto wont be going up forever so i cant really see it at like 10-20 trillion not to mention inflation and such', '111qps4'], ['u/belligerent_pickle', 10, '2023-02-14 03:11', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/j8ga8tg/', '+ the % of the increase in the size of your moms butthole over the proportional time scale. You have to account for time.', '111qps4']]], ['u/maulcore', 'Stealth has been revealed.', 18, '2023-02-14 03:57', 'https://www.reddit.com/r/FABTCG/comments/111rz40/stealth_has_been_revealed/', "[https://blog.judge.fabtcg.com/blog/2023/02/13/stealth-drop/](https://blog.judge.fabtcg.com/blog/2023/02/13/stealth-drop/)\n\n&#x200B;\n\nAnd it does.... nothing! I really did not see that coming, I am very curious to see what kinds of tricks they are printing to justify a keyword that does nothing on its own.\n\nEDIT: I know about the hidden text and I'm not saying the keyword is useless, just that it, on its own, does not have any particular meaning. I am still excited for it!", 'https://www.reddit.com/r/FABTCG/comments/111rz40/stealth_has_been_revealed/', '111rz40', [['u/Saltmile', 11, '2023-02-14 05:25', 'https://www.reddit.com/r/FABTCG/comments/111rz40/stealth_has_been_revealed/j8gqrce/', 'I think it just means stealth interacts with hero abilities', '111rz40']]], ['u/OutsideExperience753', 'How does Bitcoin have value?', 28, '2023-02-14 05:28', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/', 'I was talking with a friend and he made the claim that Bitcoin has no value like fiat currencies because it isn’t backed by gold or oil.\nI know the hash rate backs the Bitcoin network but can it really have intrinsic value if the electricity used to secure the network is dependent on electricity generated by fossil fuels? I guess if all the electricity was generated from renewables that would be different. Your thoughts are appreciated.\n\nEdit: thank you for all the input!', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/', '111trgs', [['u/clue5tick', 53, '2023-02-14 05:36', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gryqi/', "Bitcoin's value is in the economy that it enables.\n\nYou could say the same for any currency. It's just that Bitcoin does it so much better.", '111trgs'], ['u/Ok_Aerie3546', 18, '2023-02-14 05:43', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gsp6g/', 'Ask him what backs gold?', '111trgs'], ['u/thekevino', 12, '2023-02-14 05:44', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gsurw/', 'If I can send value to anyone who has a bitcoin wallet without fear of government or private banks being able to block it.\n\nI would value that network.', '111trgs'], ['u/OutsideExperience753', 11, '2023-02-14 05:47', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gt3t0/', 'This was the same thought I had. What makes gold valuable other than people have used it as a store of value for 5,000 years?', '111trgs'], ['u/FullAttention813', 20, '2023-02-14 06:03', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gut4h/', 'Anything that has value does not have it inherently, we just assign value to stuff in how much does it serve us if it serves us a lot we assign a subjective value to it. \n\nWe do this with everything and bitcoin falls into that category, so the real question is how much you value a truth making network, how much do you value an unbroken integrity network because thats what bitcoin is, thats bitcoins true value', '111trgs'], ['u/suidoc', 154, '2023-02-14 06:37', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gy1j4/', 'There’s no such thing as intrinsic value. You could argue happiness has intrinsic value, as all actions is driven towards this end goal, but that would be the only thing. Everything else is valued subjectively by individuals. To you, dollars may be of value, to me it’s not really. I cannot do any daily transactions using dollars. To a man living on an island with no water but a million dollar in cash would surely pay his million dollars for a bottle of water. Does that mean waters intrinsic value is a million dollar? Does it mean that the dollar is worthless? In some scenarios yes, and in others no.\n\nThe dollar is not backed by anything except for the promise of US government to repay their debts. It’s not backed by oil and it’s not backed by gold. Yes, most oil is traded using dollars but that is a very different thing. That is the Eurodollar network in works, which is essentially a global dollar system (not just Europe).\n\nIt really all boils down to the trust of the currency. Do you believe you can still use your dollar tomorrow? Probably yes. Do you believe 1 dollar today would be the same as 1 dollar tomorrow? Probably. But also the next 5-10 years? History tells us this is not the case. \n\nYou can ask the same questions for Bitcoin or any other type of money. Bitcoin is far from mature enough to work as a global standard but can it be excluded as a candidate? Most definitely not.\n\nThen there’s Gresham’s law. Bad money drives out good money. Why is that? Well you do not want to spend your good money if you can spend inferior money and get the same goods. Why not use your bad money first and then your good money?', '111trgs'], ['u/--Warmonger--', 24, '2023-02-14 06:54', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8gzn0k/', 'Gold’s primary source of value is its sound money properties. These include being durable, divisible, portable, uniform, acceptable, scarce, and fungible. Historically, its demand has been the free market’s need for a neutral form of sound money. Basically, economies need something to function as money, and historically, the free market has gravitated to using gold as money because of its sound money properties.\n\nBitcoin has the same sound money properties as gold, with the added advantage of being digitally native which is necessary for any form of money to be useful in the modern, digital, global economy. Basically, Bitcoin is gold for the modern world, hence it’s nickname “digital gold”. If you look at the history of money and the qualities of money the free market has historically valued, I think Bitcoin may be the best form of money the world has ever had.\n\nSo to answer your question, Bitcoin actually has the exact same value proposition as gold, but it’s digital which is necessary for the modern economy. It’s value is determined solely by its adoption and use by the free market. If history repeats itself and the free market gravitates toward sound money like it has historically, I think Bitcoin is highly likely to gain broad adoption because it satisfies that demand so well.', '111trgs'], ['u/mydevice', 11, '2023-02-14 07:16', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8h1fga/', 'Nothing has intrinsic value, all value is subjective.', '111trgs'], ['u/Outaged', 26, '2023-02-14 09:01', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8h9d46/', "You've done your homework\n\n!lntip 500", '111trgs'], ['u/ora00001', 24, '2023-02-14 10:21', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8hevad/', 'Backed by the "promise of value of respective governments"\n\n\nI\'ve got a golden gate bridge to sell you. I promise it\'s valuable.', '111trgs'], ['u/norfbayboy', 10, '2023-02-14 15:19', 'https://www.reddit.com/r/Bitcoin/comments/111trgs/how_does_bitcoin_have_value/j8i5qrr/', '>the hash rate needs more processing power as the halfing event occurs? \n\nNah. The hash rate/energy demand only increases because miners are competing (choosing to compete) for a *larger share* of yet-to-be-mined coins (and tx fees). If there were no such thing as greed then an old lap top *could* run the network, indefinitely. you can add or remove computing power to the network and the difficulty adjustment algorithm would maintain 10 minute block times, on average. The halving reduces the block reward every 4 years so that the number of coins is limited. That scarcity is part of the incentive that drives competition.', '111trgs']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, February 14, 2023', 34, '2023-02-14 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/', '111uc7l', [['u/RetardIdiotTrader', 10, '2023-02-14 08:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8h72u9/', 'CPI fuckery inbound with a dart maul candle calling it now', '111uc7l'], ['u/dopeboyrico', 21, '2023-02-14 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8i2vir/', 'YoY CPI for January came in at 6.4%, higher than expectations at 6.2% but lower than December’s print at 6.5%.\n\nDown we go. I’m guessing we bottom out close to the local low of $20.5k from January 18th but don’t quite manage to breach it which ultimately just ends up being a higher low.\n\nFed will likely raise rates another 25 BP in March but that’s going to be the last rate hike of the year. YoY CPI will fall off a cliff starting in March. We’re halfway through February and [gas prices](https://www.gasbuddy.com/charts) need to rise 25% in the next 2 weeks just to break even to where they were in March 2022. If [median home price](https://ycharts.com/indicators/us_existing_home_median_sales_price) stays the same between now and March (not falls further, just stays the same) median home price will be 3% lower than a year ago.\n\nMarkets are going to be volatile today as they digest the CPI print but by the end of today you want to be fully in position so you’re prepared to take advantage of the real BTC rally which will begin in March.', '111uc7l'], ['u/EquitiesFIRE', 16, '2023-02-14 15:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8i4bqt/', 'First time I’ve seen a bitcoin halving clock estimate the halvening in less than a year from now (for this epoch)', '111uc7l'], ['u/opst02', 10, '2023-02-14 15:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8i4qqb/', 'I like you, you always see the bright side.\n\nI want some of the stuff you take.', '111uc7l'], ['u/dopeboyrico', 10, '2023-02-14 15:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8i7cge/', 'Not exactly; the data is subject to change. For example gas prices over the past 2 weeks have fallen 3% which makes it even harder to break even starting in March than where we were at the beginning of February. I’m mostly just giving updates on the outlook.\n\nClearly I’m bullish on BTC but I’m providing rationale as to why. If you disagree and think the outlook is bearish that’s fine but you’re going to want to come through with facts that dispute my analysis otherwise you’re basing your bearishness on emotions rather than logic.', '111uc7l'], ['u/ubermensch012', 23, '2023-02-14 15:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8i8fsy/', "Every cycle we get the same moment like this. Bears waiting for any news they can latch on so they can justify their bias, BTC doing BTC things, people fomoing when they realize they missed the bottom AGAIN for the nth time. It's both baffling and sad.", '111uc7l'], ['u/Downtown-Ad-4117', 13, '2023-02-14 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8i91vb/', 'It’s wonderful.', '111uc7l'], ['u/imma_reposter', 17, '2023-02-14 15:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8iaha6/', "If I like one thing up the arse on valentines day, it's a BGD.\n\nEdit: guess it's a DP with a BRD.", '111uc7l'], ['u/Taviiiiii', 13, '2023-02-14 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8idrq8/', 'In the wise words of buckyboycoin: \n\n> UpperdePup', '111uc7l'], ['u/Cadenca', 14, '2023-02-14 18:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8ivvoi/', "Bro that's literally a $100 range lol.\n\nI love how people pull moving averages from their ass to find any that apply to a given situation. MA25 is not a thing. Stick to 20, 50 and 200.", '111uc7l'], ['u/Super_Extreme', 10, '2023-02-14 18:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8j0j8q/', 'Is this a psyop', '111uc7l'], ['u/xtal_00', 10, '2023-02-14 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8j9rmi/', 'Patience', '111uc7l'], ['u/Taviiiiii', 24, '2023-02-14 20:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8jh7zt/', "We are one year away from the halvening basically. Macro will most likely be more positive a year on out. The war could very well be over by then. To be perfectly honest; if you're not buying now you're not paying attention.", '111uc7l'], ['u/xtal_00', 12, '2023-02-14 21:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8jlr2m/', 'We are going to bleed up to a medium term average holders price, likely in the high 30ks over next 6-8 months. Then the real bull will hit, unless we see some front running.\n\nThis is the terrible transition period.. but the short term holders have all been cleaned out. \n\nPatience will be rewarded.', '111uc7l'], ['u/EquitiesFIRE', 12, '2023-02-14 21:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8jngk1/', 'I got my 6 month old daughter 1,100 shares of GBTC. She’s going to HODL those for 18 years at least', '111uc7l'], ['u/Duckbutter2000', 14, '2023-02-14 22:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/111uc7l/daily_discussion_tuesday_february_14_2023/j8k1hou/', 'Govern me harder daddy.', '111uc7l']]], ['u/sportscliche', 'Entertainment: Craig Wright, aka Faketoshi the self-proclaimed inventor of Bitcoin, thinks Monero is a mixer', 84, '2023-02-14 07:05', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/', '[https://twitter.com/Dr\\_CSWright/status/1625142770837999622](https://twitter.com/Dr_CSWright/status/1625142770837999622)\n\nAnd back in 2019, he announced how he was going to [kill Monero](https://www.youtube.com/watch?v=96M_IBRQw64&t=2940s) by the end of the year.', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/', '111vhhw', [['u/DisputableSSD', 17, '2023-02-14 07:27', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8h2d3x/', "What an idiot. Not too surprising for him, though.\n\nMonero is not a mixer. Your coins never even interact with other peoples' coins. It's just that an observer can't tell who you are when you send your coins, or how much you're sending, or to whom you're sending them to.", '111vhhw'], ['u/rbrunner7', 18, '2023-02-14 07:48', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8h41tu/', 'From [this tweet](https://twitter.com/Dr_CSWright/status/1625142778375073793) in the series:\n\n> In effect, if 10 XMR are supplied by each of ten people and are mixed producing an output to 5 people of 20 XMR each, the rules of tracing allow these to be recovered from all parties who can be found.\n\nYeah, those "rules of tracing" :)', '111vhhw'], ['u/SirArthurPT', 19, '2023-02-14 08:17', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8h680m/', "This guy is a special kind of stupid! He doesn't even understand Bitcoin, had to hire a team to get his BSV shitcoin...", '111vhhw'], ['u/RINOwallet', 38, '2023-02-14 08:33', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8h7cwg/', 'We [responded](https://twitter.com/RINOwallet/status/1625391515232002048?s=20&t=dsw_I000mh-PQq524Qd8Pw) to Craig, but quickly got blocked. You would think someone who supposedly created Bitcoin would know about "[group signatures](https://bitcointalk.org/index.php?topic=770.msg9074#msg9074)".', '111vhhw'], ['u/bdoc50', 29, '2023-02-14 08:44', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8h84tk/', 'This is most likely the level of knowledge of monero among most bitcoiners.\n\nWhen people actually learn about Monero they realize it is Bitcoin with all issues fixed.', '111vhhw'], ['u/DisputableSSD', 26, '2023-02-14 08:52', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8h8phj/', '>got blocked\n\nGetting blocked by Faketoshi is a badge of honor.', '111vhhw'], ['u/yayaoa', 12, '2023-02-14 09:31', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8hbgmu/', 'This dude is not some random clown. He is the one and only clown.\n\nThe most retarded version of human life i have witnessed', '111vhhw'], ['u/hyc_symas', 22, '2023-02-14 10:18', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8hem65/', "yeah, he blocked me too. You'd also think he'd at least be aware of Confidential Transactions, since they were also invented by (an actual) Bitcoin developer...\n\nhttps://twitter.com/hyc_symas/status/1625096914529095684", '111vhhw'], ['u/sportscliche', 10, '2023-02-14 14:46', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8i1jr9/', 'For sure he is NOT more educated than you:\n\n[https://medium.com/@paintedfrog/craig-wright-plagiarized-significant-portions-of-his-phd-thesis-and-tried-to-hide-it-80cd8f01459](https://medium.com/@paintedfrog/craig-wright-plagiarized-significant-portions-of-his-phd-thesis-and-tried-to-hide-it-80cd8f01459)', '111vhhw'], ['u/autouzi', 10, '2023-02-14 19:16', 'https://www.reddit.com/r/Monero/comments/111vhhw/entertainment_craig_wright_aka_faketoshi_the/j8j5712/', 'Dr Craig Wrights Law of Tracing and Following: If you trace and follow something that is untraceable, you can trace and follow it.', '111vhhw']]], ['u/rBitcoinMod', 'Daily Discussion, February 14, 2023', 36, '2023-02-14 07:06', 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11122si/mentor_monday_february_13_2023_ask_all_your/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/', '111vi5s', [['u/avance70', 11, '2023-02-14 08:04', 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/j8h59mz/', 'bitcoin is my one true love\n\n(after my daughter)', '111vi5s'], ['u/jfhsdkjfhsdkjfhsdkjf', 11, '2023-02-14 11:36', 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/j8hjz9j/', "> 'staking sats'\n\nThat's an ironic spelling mistake you've made there.", '111vi5s'], ['u/Adriano_di_parigi', 11, '2023-02-14 11:39', 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/j8hk6ub/', 'Bears are red / Bulls are green / Sats are sweet / And so are you.', '111vi5s'], ['u/Nibbler_Jack', 15, '2023-02-14 15:29', 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/j8i751p/', "Bitcoin, oh Bitcoin, my dear, Your value's fluctuation isn't always clear. But one thing I know for certain, my sweet, You've captured my heart and I'm in deep.\n\nYour decentralized nature is so divine, No government or bank can control your shine. And though your price may rise and fall, My love for you will never stall.\n\nYou're a digital asset of such great worth, And with each passing day, I see your growth. Your blockchain ledger is a work of art, A technology that sets you apart.\n\nSo on this day of love, my dear Bitcoin, Know that my affection for you will never thin. You're the one that makes my heart skip a beat, My precious digital valentine, so sweet.\n\n- CHATGPT 2023", '111vi5s'], ['u/Romsel87', 14, '2023-02-14 19:55', 'https://www.reddit.com/r/Bitcoin/comments/111vi5s/daily_discussion_february_14_2023/j8jb9ig/', 'Bought flowers and chocolate for my wife. Should have bought Bitcoin instead.', '111vi5s']]], ['u/seenerzz', 'Some of you have very unsupportive families', 37, '2023-02-14 07:33', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/', 'I think there are dozens of threads with people being laughed by their own families just for the fact that you’re looking for investment opportunities, which sounds so wild to me.\n\nMaybe I’m lucky but even my retired mother in law owns a few btc and we talk about it fairly openly. The same about investing in stocks and other assets. So is our extended family in Romania. After the communist regime fell in 89, there was severe inflation and poverty that affected my country even until today.\n\nCorruption is rampart too so people have more faith into something that’s outside the govt control. \n\nAnyone else the same here?', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/', '111vy0x', [['u/Ok_Aerie3546', 33, '2023-02-14 07:50', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/j8h4541/', 'I lost my family. Would love to be laughed at by my family.', '111vy0x'], ['u/Dreamshake_fadeAnd1', 17, '2023-02-14 08:49', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/j8h8ijg/', 'Reading this was heartbreaking. I’m sorry for your loss. I might not be family, but feel free to reach out. I’d be happy to be a friend or someone you need to talk to. Be easy my friend.', '111vy0x'], ['u/Analog_AI', 19, '2023-02-14 10:32', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/j8hflsq/', 'Bitcoin usage spreads world wide. For a multitude of reasons. \nSome join because of hyperinflation tendencies, some because of the technology, some for capital gains, some as an insurance in case they need to flee, some for saving money in a non inflationary asset. \nI am using bitcoin as my own pension fund for the future, because the gov may not give me one decades from now. \nFor whatever reason, welcome aboard. \n\nAs for family support, well; still put some of your hard earned money in bitcoin. If the rest of the family is not supportive, that’s ok. They don’t need to join. Bitcoin doesn’t care. Neither should you.', '111vy0x'], ['u/Fresh-Solid-1831', 14, '2023-02-14 10:32', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/j8hfm2x/', 'I am laughing at ya. Gotcha ya bro 😎', '111vy0x'], ['u/Ok_Aerie3546', 11, '2023-02-14 10:38', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/j8hg00f/', 'Bitcoin family🫡', '111vy0x'], ['u/Bkwrzdub', 11, '2023-02-14 13:22', 'https://www.reddit.com/r/Bitcoin/comments/111vy0x/some_of_you_have_very_unsupportive_families/j8hsi1e/', "Lol my family are all accountants, bookkeepers and payroll processing agents.\n\nSo it is literally the Upton Sinclair quote...\n\n“it is difficult to get a man to understand something, when his salary depends on his not understanding it.” - Upton Sinclair\n\nNever mind that I printed out the white paper, Fidelity investments: Bitcoin first paper, and that its the first breakthrough in triple ledger entry accounting...\n\nLong term.... They're so fucked lol", '111vy0x']]], ['u/PanneKopp', 'BTC mem-pool at 80MB now and rising', 63, '2023-02-14 10:31', 'https://www.reddit.com/r/btc/comments/111z78x/btc_mempool_at_80mb_now_and_rising/', ' means a medium fee onchain TX takes about 80 blocks (and rising) to get included, so even opening a Lightning channel might become a challenge, now \\^\\^ \n\n BTC blocktime 10 minutes on average .\n\n \\- have fun - \n\n ... or use the bullet proof blockchain of Satoshi we did preserve segwitfree, instead ;) \n\n Knowing this and watching current SEC actions, do you think thr pr!nted sh!t to measure your wealth (ga!ns) is somehow questionable compared to owning the Keys of Coins you are able to move, any time you do like to ??? \n\n ... as Albert said: "ThinK !"', 'https://www.reddit.com/r/btc/comments/111z78x/btc_mempool_at_80mb_now_and_rising/', '111z78x', [['u/Bagatell_', 30, '2023-02-14 10:42', 'https://www.reddit.com/r/btc/comments/111z78x/btc_mempool_at_80mb_now_and_rising/j8hg88p/', "Mempool hasn't cleared in a week.\n\nhttps://jochen-hoenicke.de/queue/#BTC,2w,weight", '111z78x'], ['u/jessquit', 25, '2023-02-14 10:56', 'https://www.reddit.com/r/btc/comments/111z78x/btc_mempool_at_80mb_now_and_rising/j8hh8fm/', '*champaign all around!*', '111z78x'], ['u/jessquit', 10, '2023-02-14 11:38', 'https://www.reddit.com/r/btc/comments/111z78x/btc_mempool_at_80mb_now_and_rising/j8hk5a7/', "> a mempool is not a fifo buffer.\n\nso you're saying the 4MB jpg can go first before all the legit paying transactions? good to know.", '111z78x'], ['u/LovelyDayHere', 12, '2023-02-14 12:42', 'https://www.reddit.com/r/btc/comments/111z78x/btc_mempool_at_80mb_now_and_rising/j8hoxkm/', '> In about 80 blocks only the cheapest valid transaction will confirm and only if there are no new, higher paying transactions coming in.\n\nSo - it will either \n\n1. never confirm\n\n2. or, confirm when all demand for high-paying transactions on BTC has ceased\n\nOh well, such is the BTC design since Blockstream/Core changed the narrative to "store of value"\n\nI\'m glad Bitcoin Cash works just fine. I do love a working peer to peer electronic cash system.', '111z78x']]], ['u/UnexperiencedIT', 'It was one of the most popular coins mentioned on this sub (Harmony ONE). Anyone still holding? What are your thoughts on it?', 101, '2023-02-14 12:31', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/', " Is it d(one)? \n\nIt was one of my favorite coins, if I had taken profits on ONE I would have been in a good plus today, unfortunately I didn't do that. \n\nIt is characterized by fast transactions, transaction costs almost equal to zero, the popular game that was mentioned here-Crypto Royale, a good dev team that could work a little more on promotion, but the positive side is that they worked more on technology, BTC bridge etc. (it is not my intention to shill) \n\nAre you still holding it or do you think that they are finished? I know that it was exploited like half a year ago or something like that.. Anyone still believes in ONE?", 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/', '112373m', [['u/-_-DarthVader', 74, '2023-02-14 12:32', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8ho5dz/', 'Oh my the ONE coin, I remember, like it was yesterday. How time flies.\nPS : do the opposite of what this sub tell you', '112373m'], ['u/Maxx3141', 17, '2023-02-14 12:34', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8ho9xp/', 'I think the last punchline worth mentioning was "Harmony DONE" after the hack. And there is some truth in this.', '112373m'], ['u/RealVoldemort', 45, '2023-02-14 12:35', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hocsb/', 'It was the coin I was most hyped about. Big part of my portfolio. Unfortunately, became a huge disappointment. The team really fucked up big time. I eventually sold it and no regrets.', '112373m'], ['u/Odd_Championship_373', 10, '2023-02-14 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hoo9i/', 'I got sucked into DefiKingdoms and Defira and was fascinated in the beginning how fast and cheap the chain was working. The idea of Play to Earn NFT based browsergames where you have and develop one or more heroes was a cool idea. Unfortunaltey i learned my lesson the hard way that if an APY of several 1000% on liquidity pairs sounds too good to be true, it probably is. I lost a lot of coins i should not have put into the pools in hindsight. But it was definitely a wild ride while it lasted :)', '112373m'], ['u/Kluless555', 16, '2023-02-14 12:39', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hopdy/', 'ONE of my biggest disappointments', '112373m'], ['u/JadioGCity', 20, '2023-02-14 12:40', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hor22/', "I've learned not to touch anything that has ONE in it's name", '112373m'], ['u/justletmesignupalre', 16, '2023-02-14 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hp2o3/', 'What happens if this sub tells you to dump and Jim Cramer tells you to buy?', '112373m'], ['u/Playful_Aide8142', 15, '2023-02-14 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hp3k5/', "No transparency from the team is the only thing that made me back away from buying a bag at 0.10's. \n\nLooked like a good investment at one point, but bear markets reveal alot.", '112373m'], ['u/Pitiful_Oven_3425', 13, '2023-02-14 12:54', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hq048/', "Still holding, staking , compounding . Won't be adding to my bag unless there's a clear change in seriousness from the man in charge.", '112373m'], ['u/AlphaWaifu', 11, '2023-02-14 13:21', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hse4z/', 'Dumped it. There are better alts.', '112373m'], ['u/Hawke64', 19, '2023-02-14 13:23', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hsi5u/', 'At least we can now put "helped develop North Korean nuclear program" on our resumes', '112373m'], ['u/comfyggs', 38, '2023-02-14 13:27', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hswb1/', 'Considering that the Harmony Bridge was compromised by Lazarus group, the main hacking group of North Korea, i’d say only pure degenerates still play there.', '112373m'], ['u/DerpJungler', 20, '2023-02-14 14:10', 'https://www.reddit.com/r/CryptoCurrency/comments/112373m/it_was_one_of_the_most_popular_coins_mentioned_on/j8hxet2/', "Not to be confused with the actual [OneCoin](https://en.wikipedia.org/wiki/OneCoin), the biggest scam in crypto history (along with FTX I'd say)", '112373m']]], ['u/gonzo1483', '"Bitcoin won\'t beat fiat as a medium of exchange before it beats gold as a store of value. As long as bitcoin is more volatile than gold (against a basket of consumer goods) people will prefer fiat for purchases over bitcoin."', 126, '2023-02-14 13:36', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/', 'True or false, and why?', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/', '1124cxd', [['u/biba8163', 12, '2023-02-14 13:52', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8hvgng/', 'unit of account-->store of value-->medium of exchange-->credit and more advanced financial instruments\n\nhttps://www.amazon.com/Debt-First-5-000-Years/dp/1612191290', '1124cxd'], ['u/Ima_Wreckyou', 60, '2023-02-14 14:46', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8i1ht2/', "True\n\nThat doesn't mean it can't have other use in the mean time, like for example as neutral bearer asset to move value around the globe without friction, instantly and at virtually no cost (Lightning Network). Volatility doesn't matter when you can auto-convert from and to fiat on both ends, which turns out to be even cheaper than forex rates in many cases, as that market seems extremely inefficient compared to all the Bitcoin pairs.\n\nBitcoin will have completely replaced international payment rails and maybe even local payment networks, long before it will effectively be used directly as money by the masses.", '1124cxd'], ['u/Wise-Application-144', 14, '2023-02-14 15:38', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8i8azi/', "Totally agree with this. \n\nI think the main barrier is how you fix a reliable salary? Most humans aren't swashbuckling libertarians, they're mundane family people that need stability and financial security. \n\nBitcoin and gold are too volitile for most.\n\nThe average bitcoin crash is about 80%; few people on this planet could tolerate a sustained 80% pay cut. \n\nFiat used to work well because it was low inflation (or at least low enough for inflation to be lost in the noise of daily transactions). With inflation running hot (and esepcially if we see a partial or completel unwinding of the sovereign debt bubble), fiat is not a stable asset either. \n\n&#x200B;\n\nSo I agree that bitcoin will be used as a long term store of value and a short term facilitation of payment. But frankly I struggle to see exactly what can replace fiat in the future.", '1124cxd'], ['u/belsaurn', 10, '2023-02-14 15:50', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8i9ynq/', 'You add nothing to the conversation when you are intentionally obtuse.', '1124cxd'], ['u/HugoJP', 10, '2023-02-14 16:17', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8idsnh/', "Depends on the resilience of your countries' currency & property rights.\n\nI'll elaborate;\n\nIf you can easily access USD/EUR, just to name 2 currencies, and your country has strong property rights: True.\n\nIf you have a shitcoin that's rapidly debasing as national currency or very weak property rights: False.\n\nThat's why you will 100% certainly see 3rd world countries start using Bitcoin as a currency before everyone else.\n\nAnd it's also why privileged western people say 'Bitcoin has no use case and just uses too much energy'. Does it really use too much energy if it protects your life savings, not only from currency debasement but also from government seizure, and you use it daily for transactions, Becky? I thought so. Now stfu.", '1124cxd'], ['u/liquefire81', 10, '2023-02-14 16:37', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8igsnh/', "Gold is only a store of value because we don't have the tech to mine in space. So we base it around scarcity.\n\nThe convo is really around control and the fact that bankers change the rules to suit their needs, or fuck ups - so as long as bitcoin is decentralized then no one party can twist it to their own wants.", '1124cxd'], ['u/Socialists-Suck', 13, '2023-02-14 16:55', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8ijeda/', 'Historically, Fiat collapses occur much more quickly than a lot of folks assume. It can take only a few months. Once the currency begins to inflate and then hyper-inflate, the populations very quickly move into real assets and more stable mediums of exchange if available. The collapse of the Lebanese pound being a recent example. During these collapses the volatility of the collapsing currency goes wild with large swings against commodities such as gold and silver. \n\nHence don’t be surprised when the shift to Bitcoin and gold arrives like a freight train.', '1124cxd'], ['u/d-redze', 10, '2023-02-14 17:41', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8iqdme/', 'True. I don’t think BTC has to beat beat fiat as a medium of exchange tho like this post implies. \nStore of value outside of corruption is good enough for me. If it eventually bleeds over into day to day medium of exchange as well so be it but I don’t necessarily see that happening. For instance loans would be difficult if inflation didn’t exist. \n\nI do believe btc will surpass gold with time.', '1124cxd'], ['u/KAX1107', 48, '2023-02-14 18:01', 'https://www.reddit.com/r/Bitcoin/comments/1124cxd/bitcoin_wont_beat_fiat_as_a_medium_of_exchange/j8itipz/', 'Any asset that is not issued by government decree will be volatile as it monetizes. Speculation is the ONLY way it can monetize. Government assets are also volatile but only in [one direction](https://wtfhappenedin1971.com/).\n\nIn many countries, bitcoin is actually comparatively less volatile which is why it\'s being adopted as MOE there in more than a dozen grassroots [circular economies](https://threadreaderapp.com/thread/1573283006835482624.html) across Africa, Asia and Latin America. The success of bitcoin cannot originate in the west.\n\nBitcoin is already solving ([\\[1\\]](https://np.reddit.com/r/Bitcoin/comments/zd5vnj/bitcoin_is_for_everyone/), [\\[2\\]](https://np.reddit.com/r/Bitcoin/comments/zvlzb4/togolese_human_rights_activist_explains_french/)) centuries old problems far away from privileged western cantillionaires. It brings people in less developed countries oppressed and [exploited by the legacy system](https://ww...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In a Tuesday Senate Banking Committee hearing, members of Congress called for further regulation to protect investors and the U.S. financial system from failures related to the cryptocurrency industry. In opening remarks, Committee Chair Sen. Sherrod Brown (D-OH) lambasted industry firms and asked for the Committee to find common ground in order to pass cohesive legislation for crypto. "These crypto catastrophes have exposed what many of us already knew," Brown said. "Digital assets, cryptocurrencies, stablecoins, investment tokens are speculative products run by reckless companies ... that put Americans\' hard earned money at risk." Crypto\'s collapse last year put regulators and other industry firms on edge. Now, these parties are increasingly at odds. A wave of actions from U.S. regulators in recent weeks has signaled that state and federal agencies are ramping up enforcement efforts. Already in 2023, the Securities and Exchange Commission has levied four different charges against crypto firms. Industry insiders, on the other hand, repeatedly have argued that U.S. regulatory jurisdiction over cryptocurrencies and other digital assets remains murky, advocating a preference to be overseen by the Commodities and Futures Trading Commission (CFTC). In the last week, both Paxos and Coinbase have said they will defend their businesses in court against the SEC, if needed. Republican members of the Committee, Sens. Tim Scott (R-SC) and Thom Tillis (R-NC), placed blame on the SEC itself. Scott said the agency failed to take "meaningful preemptive action" before crypto\'s unwinding through the second half of last year. "If they have the tools they need. Were they just asleep at the wheel? ... Why aren\'t they here to tell us what they need? We\'d be happy to have chairman Gensler testify sooner, much sooner than later," Scott said. Senator Tim Scott, questions Treasury Secretary Janet Yellen during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “The Financial Stability Oversight Council Annual Report to Congress,” in Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERS (POOL New / reuters) Sen. Elizabeth Warren (D-MA) also drove home the illicit use of crypto, pointing to the more than $20 billion in illicit flows moved through the crypto market last yea r. Story continues She took particular issue with decentralized finance, or DeFi, offerings, which are often more complicated to regulate than centralized firms. "They want a giant loophole written into the law so they can launder money whenever a drug lord or a terrorist pays them to do so," Warren said. "The rules should be simple. The same kind of transaction, same kind of risk needs the same kind of rules" Warren said, calling for more robust anti-money laundering requirements. Warren plans to reintroduce a bill with Sen. Roger Marshall (R-KS) to crack down on crypto money laundering. \' The status quo is simply untenable\' Lee Reiners, a policy director at the Duke Financial Economics Center testifying before the Committee said before congress that crypto platforms need to segregate customer and firm assets. He also said banking regulators need further guidance to prevent any potential financial contagion amongst crypto firms from spreading into the banking system. Federal agencies first set the tempo in Washington for crypto this year when, on Jan. 3, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency issued a joint statement warning of the risks assumed by banks that touch crypto activities. "Banking agencies have broad legal authority to prohibit banks from engaging in any activity that can\'t be conducted in a safe and sound manner," said Reiners, arguing that regulators can provide further guidance of which crypto activities banks should and shouldn\'t be able to do. A proponent for restricting banking system access for crypto firms, Reiners also underlined the legal dilemma with doing so. "As long as crypto is legal, you know, then these firms are entitled to banking services. So I think the challenge is where do you draw the line?" he added. "Whatever congress decides to do, the status quo is simply untenable," he added. Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and YouTube', 'In a Tuesday Senate Banking Committee hearing, members of Congress called for further regulation to protect investors and the U.S. financial system from failures related to the cryptocurrency industry.\nIn opening remarks, Committee Chair Sen. Sherrod Brown (D-OH) lambasted industry firms and asked for the Committee to find common ground in order to pass cohesive legislation for crypto.\n"These crypto catastrophes have exposed what many of us already knew," Brown said. "Digital assets, cryptocurrencies, stablecoins, investment tokens are speculative products run by reckless companies ... that put Americans\' hard earned money at risk."\nCrypto\'s collapse last year put regulators and other industry firms on edge. Now, these parties are increasingly at odds.\nA wave ofactions from U.S. regulatorsin recent weeks has signaled that state and federal agencies are ramping up enforcement efforts. Already in 2023, the Securities and Exchange Commission has levied four different charges against crypto firms.\nIndustry insiders, on the other hand, repeatedly have argued that U.S. regulatory jurisdiction over cryptocurrencies and other digital assets remains murky, advocating a preference to be overseen by the Commodities and Futures Trading Commission (CFTC).\nIn the last week, bothPaxosandCoinbasehave said they will defend their businesses in court against the SEC, if needed.\nRepublican members of the Committee, Sens. Tim Scott (R-SC) and Thom Tillis (R-NC), placed blame on the SEC itself. Scott said the agency failed to take "meaningful preemptive action" before crypto\'s unwinding through the second half of last year.\n"If they have the tools they need. Were they just asleep at the wheel? ... Why aren\'t they here to tell us what they need? We\'d be happy to have chairman Gensler testify sooner, much sooner than later," Scott said.\nSen. Elizabeth Warren (D-MA) also drove home the illicit use of crypto, pointing to themore than $20 billion in illicit flows moved through the crypto market last year.\nShe took particular issue with decentralized finance, or DeFi, offerings, which are often more complicated to regulate than centralized firms.\n"They want a giant loophole written into the law so they can launder money whenever a drug lord or a terrorist pays them to do so," Warren said.\n"The rules should be simple. The same kind of transaction, same kind of risk needs the same kind of rules" Warren said, calling for more robust anti-money laundering requirements. Warren plans to reintroduce a bill with Sen. Roger Marshall (R-KS) to crack down on crypto money laundering.\nLee Reiners, a policy director at the Duke Financial Economics Center testifying before the Committee said before congress that crypto platforms need to segregate customer and firm assets. He also said banking regulators need further guidance to prevent any potential financial contagion amongst crypto firms from spreading into the banking system.\nFederal agencies first set the tempo in Washington for crypto this year when, on Jan. 3, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency issued ajoint statementwarning of the risks assumed by banks that touch crypto activities.\n"Banking agencies have broad legal authority to prohibit banks from engaging in any activity that can\'t be conducted in a safe and sound manner," said Reiners, arguing that regulators can provide further guidance of which crypto activities banks should and shouldn\'t be able to do.\nA proponent for restricting banking system access for crypto firms, Reiners also underlined the legal dilemma with doing so.\n"As long as crypto is legal, you know, then these firms are entitled to banking services. So I think the challenge is where do you draw the line?" he added.\n"Whatever congress decides to do, the status quo is simply untenable," he added.\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance\nDownload the Yahoo Finance app forAppleorAndroid\nFollow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube', 'While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those disputes play out, however, the stablecoin market seems to have already picked winners and losers. The industry has been operating for years without much of a regulatory framework in the U.S., leaving open questions about how staked crypto will be taxed , whether the Treasury Department can sanction an Ethereum mixer , or if Gemini’s Earn program should have been registered as a security . Now, in anticipation of a lawsuit from the SEC that asserts that Binance USD is an unregistered security, Paxos has stopped issuing BUSD tokens . It will, however, continue using the reserves backing the stablecoin to redeem them over the next year. Paxos Halts BUSD Minting as SEC Prepares Lawsuit But Paxos is still gearing up to fight the SEC’s claim . “Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws,” the company said Monday in a statement. “To be clear, there are unequivocally no other allegations against Paxos.” There was a time when bad news for one stablecoin would push investors into its competitors . But that\'s not how other stablecoins—like Tether (USDT) and USD Coin (USDC)—reacted to the pending SEC lawsuit against Paxos. BUSD has been issued and backed by reserves maintained by Paxos since 2019. It reached its highest-ever market capitalization, $23 billion, on November 15, 2022, according to CoinGecko. At the time, Binance had recently backed out of a deal to acquire now-bankrupt competitor FTX. In fact, it was the same day that Binance removed most FTT trading pairs from its exchange, leaving BUSD as the only option for traders who wanted to sell their FTT. Since then, BUSD has shed 31% of its market cap and was sitting at $15 billion on Tuesday, undoing almost all of the gains it had seen since the start of last year. For stablecoins like BUSD, which is pegged one-to-one to the U.S. dollar and is created and burned as people buy and sell them, market cap tends to be closely correlated with how many of the tokens are in circulation. But that’s not a hard and fast rule. For example, Tether minted $1 billion worth of its USDT stablecoin on the Tron network on Monday. Paolo Ardoino, Bitfinex and Tether’s chief technology officer, said the tokens were created for “next period issuance requests.” It’s unclear whether Tether now has an additional $1 billion worth of cash and cash equivalents sitting in its reserves to back the tokens or if there are users who intend to buy all the USDT. Story continues Twitter user Bitfinexed, who’s been heavily critical of Tether in the past, had a pessimistic view of Tether’s stablecoin printer going brrr. “Tether wants you to believe that a big institutionalized investor saw that regulators are shutting down banking for crypto exchanges and shutting down stablecoins, [and] decided that Tether, which is under criminal investigation for bank fraud, was a safe place to put a billion,” they wrote on Twitter . Regardless of whether it mints USDT before or after investors have bought it, Tether dominates trading activity on Binance and most other exchanges. BUSD represented 35% of trading volume on Binance Monday morning, but USDT accounted for 58% of all trading on Binance, crypto data firm Kaiko wrote on Twitter . To update this morning\'s chart, #BUSD denominates nearly 35% of ALL trade volume on Binance. #USDT denominates 58%. #USDC pairs were de-listed in September, but charted for context. "Other" includes fiat currencies/BTC/ETH-denominated pairs. pic.twitter.com/vAatarlCLe — Kaiko (@KaikoData) February 13, 2023 Meanwhile, it seemed Circle and CEO Jeremy Allaire were conspicuously absent from conversations about the SEC’s pending lawsuit against Paxos. Then the news broke that Circle had complained to the New York State Department of Financial Services, alleging that Binance wasn’t fully backing its stablecoin, according to a Bloomberg report . Considering the “last autumn” timing of Circle’s complaint to NYSDF, it sheds new light on comments Allaire made on Twitter after Binance announced that it would automatically convert USDC balances on its exchange to BUSD. “Given how limited BUSD usage is outside of Binance, this will likely benefit USDC usage as the preferred cross CEX and DEX stablecoin rail,” the Circle CEO said in September. “Unless Binance can convince all their competitors to get behind BUSD. Unlikely.” As Tether Faces Billions in Redemptions, Circle\'s USDC Is Gaining Ground Earlier in the year, USDC saw a big jump in its supply after Terra’s algorithmic stablecoin, TerraUSD, collapsed and wiped out $40 billion in May 2022. What’s more, its biggest competitor, Tether, saw its one-to-one peg with the U.S. dollar wobble around the same time. USDC, often the second-largest stablecoin, briefly had a $56 billion market cap in June, according to CoinGecko. But by September, it had lost all those gains . What’s more, USDC stablecoin has been on a steady decline since December. At the time, Circle had called off its plans to go public and Binance experienced delayed USDC withdrawals . By Tuesday afternoon, USDC had a $41 billion market cap, according to CoinGecko. That’s a 9% drop from its recent high of $45 billion in mid-December, before its market cap started to wane. The SEC’s lawsuit against Paxos isn’t the first time regulators have taken aim at stablecoins, but it is the most decisive. The total stablecoin market cap was sitting at $87 billion on Monday, a decrease of 1% compared to last week, according to a dashboard built by Dune Analytics co-founder Fredrik Haga. But trading volume has grown by 20% in the past day, a sign that investors have been trading on the BUSD news. For example, Curve Finance, a decentralized exchange with a liquidity pool specifically for swapping USDT, USDC, and MakerDAO’s DAI stablecoin, saw its volume skyrocket on the Paxos news. But that means the pool, which should ideally have equal portions of each of the stablecoins, has been thrown out of balance. At the time of writing, Curve’s 3pool had about 40% each DAI and USDC and 20% USDT, a sign that traders were disproportionately looking to exchange the other two tokens for USDT. As 21co research analyst Tom Wan wrote on Twitter , a lot of the BUSD that traders were so eager to sell over the past two days has wound up on decentralized exchanges. “Volume of $BUSD on DEXs increased from $60M to $309M in a day,” he said. View comments', 'Bitcoin rose in Wednesday morning trading in Asia to move back above US$22,000 as investors shrugged off a seeming U.S. regulatory crackdown on digital assets and data showing U.S. inflation for January was above forecasts. The world’s leading cryptocurrency led other tokens higher, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining ground. Cardano posted the largest increase. However, most tokens remain underwater when compared to prices seven days ago. See related article: Singapore’s DBS bank plans to apply for crypto license in HK: report Fast facts Bitcoin rose 1.9% in the past 24 hours to US$22,220 at 8 a.m. in Hong Kong, but is down 4.4% over the past seven days, according to CoinMarketCap . Ether jumped 3.3% to US$1,556. The token is off 6.9% for the week. Cardano gained 7.5% to trade at US$0.38, though not enough to make up the 3.2% decline for the past seven days. Cardano’s gain comes amid the successful deployment of the Valentine upgrade , which is intended to make it easier for developers to build cross-chain applications on the Cardano blockchain. Polygon rose 6.1% to change hands at US$1.26, though off 0.8% for the previous seven days. Solana jumped 5.1% to US$21.84, but is down 8.5% from Wednesday last week. The crypto market capitalization rose 3.1% to US$1.03 trillion, with total trading volume up 1.64% to US$58.83 billion.\xa0Markets have been rocked the past week after regulatory authorities in the U.S. took aim at crypto staking services and certain stablecoins. U.S. equities had a mixed day of trading on Tuesday. The Dow Jones Industrial Average lost 0.5% and the S&P 500 Index was little-changed at 0.1% lower, but the Nasdaq Composite Index finished the day 0.6% higher. Tuesday’s Consumer Price Index (CPI) report showed prices rose 0.5% in January from the previous month or slightly higher than the 0.4% forecast by economists. The increase year-on-year came in at 6.4%, according to the U.S. Labor Department. While this was also higher than the forecast 6.2% it shows inflation for the past several months remains on a downtrend in the world’s biggest economy. The year-on-year CPI in December came in at 6.5% from the 7.1% recorded in November, which in turn declined from October’s 7.7% and the 8.2% in September. The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge. Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5% to get inflation back to the central bank’s target range. (Corrects to show Ether rose 3.3%, not US$3.3 in first bullet point.) See related article: Hong Kong hopes to raise US$102 million in digital green bonds debut: Bloomberg', 'Bitcoin rose in Wednesday morning trading in Asia to move back above US$22,000 as investors shrugged off a seeming U.S. regulatory crackdown on digital assets and data showing U.S. inflation for January was above forecasts. The world’s leading cryptocurrency led other tokens higher, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining ground. Cardano posted the largest increase. However, most tokens remain underwater when compared to prices seven days ago.\nSee related article:Singapore’s DBS bank plans to apply for crypto license in HK: report\n• Bitcoin rose 1.9% in the past 24 hours to US$22,220 at 8 a.m. in Hong Kong, but is down 4.4% over the past seven days,according to CoinMarketCap. Ether jumped 3.3% to US$1,556. The token is off 6.9% for the week.\n• Cardano gained 7.5% to trade at US$0.38, though not enough to make up the 3.2% decline for the past seven days. Cardano’s gain comes amid the successfuldeployment of the Valentine upgrade, which is intended to make it easier for developers to build cross-chain applications on the Cardano blockchain.\n• Polygon rose 6.1% to change hands at US$1.26, though off 0.8% for the previous seven days. Solana jumped 5.1% to US$21.84, but is down 8.5% from Wednesday last week.\n• The crypto market capitalization rose 3.1% to US$1.03 trillion, with total trading volume up 1.64% to US$58.83 billion.\xa0Markets have been rocked the past week afterregulatory authorities in the U.S. took aim at crypto staking services and certain stablecoins.\n• U.S. equities had a mixed day of trading on Tuesday. The Dow Jones Industrial Average lost 0.5% and the S&P 500 Index was little-changed at 0.1% lower, but the Nasdaq Composite Index finished the day 0.6% higher.\n• Tuesday’sConsumer Price Index(CPI) report showed prices rose 0.5% in January from the previous month or slightly higher than the 0.4% forecast by economists. The increase year-on-year came in at 6.4%, according to the U.S. Labor Department. While this was also higher than the forecast 6.2% it shows inflation for the past several months remains on a downtrend in the world’s biggest economy.\n• The year-on-year CPI in December came in at 6.5% from the 7.1% recorded in November, which in turn declined from October’s 7.7% and the 8.2% in September.\n• The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge.\n• Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5% to get inflation back to the central bank’s target range.\n• (Corrects to show Ether rose 3.3%, not US$3.3 in first bullet point.)\nSee related article:Hong Kong hopes to raise US$102 million in digital green bonds debut: Bloomberg', 'Bitcoin rose in Wednesday morning trading in Asia to move back above US$22,000 as investors shrugged off a seeming U.S. regulatory crackdown on digital assets and data showing U.S. inflation for January was above forecasts. The world’s leading cryptocurrency led other tokens higher, with Ether and all other top 10 non-stablecoin cryptocurrencies gaining ground. Cardano posted the largest increase. However, most tokens remain underwater when compared to prices seven days ago.\nSee related article:Singapore’s DBS bank plans to apply for crypto license in HK: report\n• Bitcoin rose 1.9% in the past 24 hours to US$22,220 at 8 a.m. in Hong Kong, but is down 4.4% over the past seven days,according to CoinMarketCap. Ether jumped 3.3% to US$1,556. The token is off 6.9% for the week.\n• Cardano gained 7.5% to trade at US$0.38, though not enough to make up the 3.2% decline for the past seven days. Cardano’s gain comes amid the successfuldeployment of the Valentine upgrade, which is intended to make it easier for developers to build cross-chain applications on the Cardano blockchain.\n• Polygon rose 6.1% to change hands at US$1.26, though off 0.8% for the previous seven days. Solana jumped 5.1% to US$21.84, but is down 8.5% from Wednesday last week.\n• The crypto market capitalization rose 3.1% to US$1.03 trillion, with total trading volume up 1.64% to US$58.83 billion.\xa0Markets have been rocked the past week afterregulatory authorities in the U.S. took aim at crypto staking services and certain stablecoins.\n• U.S. equities had a mixed day of trading on Tuesday. The Dow Jones Industrial Average lost 0.5% and the S&P 500 Index was little-changed at 0.1% lower, but the Nasdaq Composite Index finished the day 0.6% higher.\n• Tuesday’sConsumer Price Index(CPI) report showed prices rose 0.5% in January from the previous month or slightly higher than the 0.4% forecast by economists. The increase year-on-year came in at 6.4%, according to the U.S. Labor Department. While this was also higher than the forecast 6.2% it shows inflation for the past several months remains on a downtrend in the world’s biggest economy.\n• The year-on-year CPI in December came in at 6.5% from the 7.1% recorded in November, which in turn declined from October’s 7.7% and the 8.2% in September.\n• The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge.\n• Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5% to get inflation back to the central bank’s target range.\n• (Corrects to show Ether rose 3.3%, not US$3.3 in first bullet point.)\nSee related article:Hong Kong hopes to raise US$102 million in digital green bonds debut: Bloomberg', 'WEMIX trade to be supported by fiat currencies on Mercado Bitcoin WEMIX team working towards listing on more exchanges that support local fiat currencies Rapid and massive expansion anticipated as Brazil consists of the Top 2 number of users of WEMIX PLAY SEOUL, South Korea , Feb. 14, 2023 /CNW/ -- WEMIX, the utility coin of the world\'s biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil , on Feb 14 , 5 pm (UTC) . WEMIX lists on Mercado Bitcoin The listing enabled WEMIX trading via Brazilian Real, the country\'s official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil . It provides trading and staking services for 200+ crypto assets, NFT, fantokens, blockchain academy and more. Investors in its parent company 2TM group, valued USD 2.1 billion , include Softbank, GP Investments and Mercado Libre . The enterprise value of Mercado Libre , a NASDAQ-listed company, exceeds 570 billion USD . The company is considered as the Amazon of Latin America . Brazil , the biggest blockchain gaming market in Latin America , has an extensive user base of WEMIX PLAY. As WEMIX trading became more accessible using Brazil\'s fiat currency, WEMIX team expects a boost for its flagship games such as MIR4 and MIR M, and overall WEMIX ecosystem. The WEMIX team plans to explore more exchanges that support WEMIX-fiat trading for the expansion of the WEMIX ecosystem. As part of the launch program, Mercado Bitcoin will introduce the Learn-to-Earn program, which aims to provide useful information about the WEMIX ecosystem and the utility of its coin, to its Brazilian users, on March 8th . About WEMIX WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com Story continues (PRNewsfoto/Wemade Co., Ltd) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/wemix-listed-on-mercado-bitcoin-the-largest-exchange-in-brazil-that-supports-trading-in-fiat-currency-301747070.html SOURCE Wemade Co., Ltd Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/14/c8529.html', 'WEMIX trade to be supported by fiat currencies on Mercado Bitcoin WEMIX team working towards listing on more exchanges that support local fiat currencies Rapid and massive expansion anticipated as Brazil consists of the Top 2 number of users of WEMIX PLAY SEOUL, South Korea , Feb. 14, 2023 /CNW/ -- WEMIX, the utility coin of the world\'s biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil , on Feb 14 , 5 pm (UTC) . WEMIX lists on Mercado Bitcoin The listing enabled WEMIX trading via Brazilian Real, the country\'s official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil . It provides trading and staking services for 200+ crypto assets, NFT, fantokens, blockchain academy and more. Investors in its parent company 2TM group, valued USD 2.1 billion , include Softbank, GP Investments and Mercado Libre . The enterprise value of Mercado Libre , a NASDAQ-listed company, exceeds 570 billion USD . The company is considered as the Amazon of Latin America . Brazil , the biggest blockchain gaming market in Latin America , has an extensive user base of WEMIX PLAY. As WEMIX trading became more accessible using Brazil\'s fiat currency, WEMIX team expects a boost for its flagship games such as MIR4 and MIR M, and overall WEMIX ecosystem. The WEMIX team plans to explore more exchanges that support WEMIX-fiat trading for the expansion of the WEMIX ecosystem. As part of the launch program, Mercado Bitcoin will introduce the Learn-to-Earn program, which aims to provide useful information about the WEMIX ecosystem and the utility of its coin, to its Brazilian users, on March 8th . About WEMIX WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com Story continues (PRNewsfoto/Wemade Co., Ltd) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/wemix-listed-on-mercado-bitcoin-the-largest-exchange-in-brazil-that-supports-trading-in-fiat-currency-301747070.html SOURCE Wemade Co., Ltd Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/14/c8529.html', 'WEMIX trade to be supported by fiat currencies on Mercado Bitcoin WEMIX team working towards listing on more exchanges that support local fiat currencies Rapid and massive expansion anticipated as Brazil consists of the Top 2 number of users of WEMIX PLAY SEOUL, South Korea , Feb. 14, 2023 /CNW/ -- WEMIX, the utility coin of the world\'s biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil , on Feb 14 , 5 pm (UTC) . WEMIX lists on Mercado Bitcoin The listing enabled WEMIX trading via Brazilian Real, the country\'s official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil . It provides trading and staking services for 200+ crypto assets, NFT, fantokens, blockchain academy and more. Investors in its parent company 2TM group, valued USD 2.1 billion , include Softbank, GP Investments and Mercado Libre . The enterprise value of Mercado Libre , a NASDAQ-listed company, exceeds 570 billion USD . The company is considered as the Amazon of Latin America . Brazil , the biggest blockchain gaming market in Latin America , has an extensive user base of WEMIX PLAY. As WEMIX trading became more accessible using Brazil\'s fiat currency, WEMIX team expects a boost for its flagship games such as MIR4 and MIR M, and overall WEMIX ecosystem. The WEMIX team plans to explore more exchanges that support WEMIX-fiat trading for the expansion of the WEMIX ecosystem. As part of the launch program, Mercado Bitcoin will introduce the Learn-to-Earn program, which aims to provide useful information about the WEMIX ecosystem and the utility of its coin, to its Brazilian users, on March 8th . About WEMIX WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com Story continues (PRNewsfoto/Wemade Co., Ltd) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/wemix-listed-on-mercado-bitcoin-the-largest-exchange-in-brazil-that-supports-trading-in-fiat-currency-301747070.html SOURCE Wemade Co., Ltd Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/14/c8529.html', 'WEMIX trade to be supported by fiat currencies on Mercado Bitcoin WEMIX team working towards listing on more exchanges that support local fiat currencies Rapid and massive expansion anticipated as Brazil consists of the Top 2 number of users of WEMIX PLAY SEOUL, South Korea , Feb. 15, 2023 /PRNewswire/ --\xa0WEMIX, the utility coin of the world\'s biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil , on Feb 14 , 5 pm (UTC) . WEMIX lists on Mercado Bitcoin (PRNewsfoto/Wemade Co., Ltd) The listing enabled WEMIX trading via Brazilian Real, the country\'s official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil . It provides trading and staking services for 200+ crypto assets, NFT, fantokens, blockchain academy and more. Investors in its parent company 2TM group, valued USD 2.1 billion , include Softbank, GP Investments and Mercado Libre . The enterprise value of Mercado Libre , a NASDAQ-listed company, exceeds 570 billion USD . The company is considered as the Amazon of Latin America . Brazil , the biggest blockchain gaming market in Latin America , has an extensive user base of WEMIX PLAY. As WEMIX trading became more accessible using Brazil\'s fiat currency, WEMIX team expects a boost for its flagship games such as MIR4 and MIR M, and overall WEMIX ecosystem. The WEMIX team plans to explore more exchanges that support WEMIX-fiat trading for the expansion of the WEMIX ecosystem. As part of the launch program, Mercado Bitcoin will introduce the Learn-to-Earn program, which aims to provide useful information about the WEMIX ecosystem and the utility of its coin, to its Brazilian users, on March 8th . About WEMIX WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com (PRNewsfoto/Wemade Co., Ltd) SOURCE Wemade Co., Ltd', 'WEMIX trade to be supported by fiat currencies on Mercado Bitcoin WEMIX team working towards listing on more exchanges that support local fiat currencies Rapid and massive expansion anticipated as Brazil consists of the Top 2 number of users of WEMIX PLAY SEOUL, South Korea , Feb. 15, 2023 /PRNewswire/ --\xa0WEMIX, the utility coin of the world\'s biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil , on Feb 14 , 5 pm (UTC) . WEMIX lists on Mercado Bitcoin (PRNewsfoto/Wemade Co., Ltd) The listing enabled WEMIX trading via Brazilian Real, the country\'s official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil . It provides trading and staking services for 200+ crypto assets, NFT, fantokens, blockchain academy and more. Investors in its parent company 2TM group, valued USD 2.1 billion , include Softbank, GP Investments and Mercado Libre . The enterprise value of Mercado Libre , a NASDAQ-listed company, exceeds 570 billion USD . The company is considered as the Amazon of Latin America . Brazil , the biggest blockchain gaming market in Latin America , has an extensive user base of WEMIX PLAY. As WEMIX trading became more accessible using Brazil\'s fiat currency, WEMIX team expects a boost for its flagship games such as MIR4 and MIR M, and overall WEMIX ecosystem. The WEMIX team plans to explore more exchanges that support WEMIX-fiat trading for the expansion of the WEMIX ecosystem. As part of the launch program, Mercado Bitcoin will introduce the Learn-to-Earn program, which aims to provide useful information about the WEMIX ecosystem and the utility of its coin, to its Brazilian users, on March 8th . About WEMIX WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com (PRNewsfoto/Wemade Co., Ltd) SOURCE Wemade Co., Ltd', 'WEMIX trade to be supported by fiat currencies on Mercado Bitcoin WEMIX team working towards listing on more exchanges that support local fiat currencies Rapid and massive expansion anticipated as Brazil consists of the Top 2 number of users of WEMIX PLAY SEOUL, South Korea , Feb. 15, 2023 /PRNewswire/ --\xa0WEMIX, the utility coin of the world\'s biggest blockchain gaming platform (WEMIX PLAY), successfully completed its listing on Mercado Bitcoin, the largest crypto exchange in Brazil , on Feb 14 , 5 pm (UTC) . WEMIX lists on Mercado Bitcoin (PRNewsfoto/Wemade Co., Ltd) The listing enabled WEMIX trading via Brazilian Real, the country\'s official fiat currency, largely enhancing the accessibility for Brazilians. Founded in 2013, Mercado Bitcoin is the largest crypto exchange in Brazil . It provides trading and staking services for 200+ crypto assets, NFT, fantokens, blockchain academy and more. Investors in its parent company 2TM group, valued USD 2.1 billion , include Softbank, GP Investments and Mercado Libre . The enterprise value of Mercado Libre , a NASDAQ-listed company, exceeds 570 billion USD . The company is considered as the Amazon of Latin America . Brazil , the biggest blockchain gaming market in Latin America , has an extensive user base of WEMIX PLAY. As WEMIX trading became more accessible using Brazil\'s fiat currency, WEMIX team expects a boost for its flagship games such as MIR4 and MIR M, and overall WEMIX ecosystem. The WEMIX team plans to explore more exchanges that support WEMIX-fiat trading for the expansion of the WEMIX ecosystem. As part of the launch program, Mercado Bitcoin will introduce the Learn-to-Earn program, which aims to provide useful information about the WEMIX ecosystem and the utility of its coin, to its Brazilian users, on March 8th . About WEMIX WEMIX is a blockchain gaming platform developed by WEMIX Pte. Ltd, providing services that include a cryptocurrency wallet, decentralised exchange, NFT marketplace, WEMIX token staking programme and the game gateway. WEMIX Pte. Ltd. is a subsidiary of Wemade, the developer and owner of "The Legend of Mir" IP, a highly successful game with over 500 million users. For more information, visit www.WEMIXnetwork.com (PRNewsfoto/Wemade Co., Ltd) SOURCE Wemade Co., Ltd', "Join the most important conversation in crypto and web3! Secure your seat today Traders are pumping all things Shiba Inu after Twitter CEO Elon Musk posted a meme involving his dog Floki posing as the new boss of Twitter. The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH — Elon Musk (@elonmusk) February 15, 2023 CoinDesk data shows that the price of DOGE has risen 5.4% over the past 24 hours. Musk replaced Parag Agrawal as CEO of Twitter when his acquisition deal for the social networking platform closed on Oct. 27. While the two reportedly had a cordial relationship when they first met, after Musk became Twitter's largest shareholder, their relationship reportedly soured as 2022 dragged on. Musk has unfollowed Agrawal on Twitter, while the former CEO still follows Musk. In December, it was reported that Musk had begun looking for a new CEO of Twitter after losing an online poll on the topic. “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” he said . Floki Up Nearly 50% Meanwhile, Floki, which takes its name from Musk's dog, is up 41% in the last 24 hours according to CoinGecko data . In January, Floki's price rallied almost 100% after the Floki Inu DAO, the group behind the coin, passed a governance resolution to do a $100 million token burn. Floki Price (CoinGecko) The logic behind burning tokens is that it decreases supply, which subsequently adds value to each token provided the level of demand remains the same. This is sort of like a stock buy-back in the crypto world. Will DOGE Bring a Dog Day to the Markets? This isn’t the first time DOGE has spiked on a Musk-related tweet. In late January a report from the Financial Times that said Twitter is designing a system to permit crypto payments , sent the memecoin soaring. Story continues A December 2022 report from blockchain analytics firm Santiment cautioned that historically, outsized gains in DOGE and other meme coins like Shiba Inu (SHIB) have been the first sign of a market-wide selloff . During the last three months, markets have begun to recover from the depths of the FTX-induced crypto winter. By mid-January, CoinDesk reported that Bitcoin had erased its entire FTX-related decline . The market recovery has also kicked off an altcoin season with many of these coins posting double or triple-digit gains. Bitcoin has posted a 34% gain in the last three months, while SHIB is up 40%, BONK up a staggering 533%, and Floki up 242%. Despite the other canine coins barking at the moon, during this time period — including today's surge — DOGE is actually down 2% suggesting, if Santiment's thesis holds true, that we aren't yet at the point of a market-wide sell-off. UPDATE (Feb. 15, 05:51 UTC): Updates throughout.", "Join the most important conversation in crypto and web3! Secure your seat today\nTraders are pumping all things Shiba Inu after Twitter CEO Elon Musk posted a meme involving his dog Floki posing as the new boss of Twitter.\nCoinDesk data shows that the price of DOGE has risen 5.4% over the past 24 hours.\nMusk replaced Parag Agrawal as CEO of Twitter when his acquisition deal for the social networking platform closed on Oct. 27. While the two reportedly had a cordial relationship when they first met, after Musk became Twitter's largest shareholder,their relationship reportedly souredas 2022 dragged on. Musk has unfollowed Agrawal on Twitter, while the former CEO still follows Musk.\nIn December,it was reported that Musk had begun looking for a new CEO of Twitterafter losing an online poll on the topic.\n“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,”he said.\nMeanwhile, Floki, which takes its name from Musk's dog, is up 41% in the last 24 hours according toCoinGecko data.\nIn January,Floki's price rallied almost 100%after the Floki Inu DAO, the group behind the coin, passed a governance resolution to do a $100 million token burn.\nThe logic behind burning tokens is that it decreases supply, which subsequently adds value to each token provided the level of demand remains the same. This is sort of like a stock buy-back in the crypto world.\nThis isn’t the first time DOGE has spiked on a Musk-related tweet. In late January a report from the Financial Times that saidTwitter is designing a system to permit crypto payments, sent the memecoin soaring.\nA December 2022 report from blockchain analytics firm Santiment cautioned that historically, outsized gains in DOGE and other meme coins like Shiba Inu (SHIB)have been the first sign of a market-wide selloff.\nDuring the last three months, markets have begun to recover from the depths of the FTX-induced crypto winter. By mid-January, CoinDesk reported thatBitcoin had erased its entire FTX-related decline. The market recovery has alsokicked off an altcoin seasonwith many of these coins posting double or triple-digit gains.\nBitcoin has posted a 34% gain in the last three months, while SHIB is up 40%, BONK up a staggering 533%, and Floki up 242%.\nDespite the other canine coins barking at the moon, during this time period — including today's surge — DOGE is actually down 2% suggesting, if Santiment's thesis holds true, that we aren't yet at the point of a market-wide sell-off.\nUPDATE (Feb. 15, 05:51 UTC):Updates throughout.", 'The cryptocurrency industry came under criticism from U.S. lawmakers during a meeting of the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday entitled“Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets.”\nSee related article:Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown\n• “While crypto contagion didn’t infect the broader financial system, we saw glimpses of the damage it could have done if crypto migrated into the banking system,” said committee chairman Senator Sherrod Brown in his opening remarks, referring to the collapse of Bahamas-based crypto exchangeFTX.com in November.\n• “These crypto catastrophes have exposed what many of us already knew: Digital assets — cryptocurrencies, stablecoins, and investment tokens — are speculative products run by reckless companies that put Americans’ hard-earned money at risk,” he said.\n• The hearing covered topics ranging from stablecoin regulation, consumer protection, and how the Securities and Exchange Commission (SEC) should cooperate with the Commodity Futures Trading Commission to regulate digital assets.\n• Lee Reiners, policy director of the Duke Financial Economics Center, said crypto undermines U.S. national security and no longer bore much resemblance to what Bitcoin’s pseudonymous creator Satoshi Nakamoto envisioned when he developed the technology.\n• Others took a more positive stance, such as Senator J.D. Vance, who warned regulators not to “destroy the dynamic upside of the digital asset world.”\n• Senator Tim Scott appealed to Securities and Exchange Commission (SEC) Chair Gary Gensler to appear before Congress to address enforcement actions by the agency in recent weeks.\n• On Thursday, crypto exchange Kraken shuttered its crypto staking program and paid a US$30 million fine after the SEC said the program violated securities law.\n• Shortly after, Paxos Trust Company stopped minting the Binance USD (BUSD) stablecoin, which has a US$16 billion collateralization, under orders from the New York Department of Financial Services.\n• The hearings also followcalls by the White Houseto increase efforts to regulate the growing industry, which warned it would be a “grave mistake” to enact legislation that would deepen ties between crypto and traditional finance due to the risk of broader financial contagion in a crisis.\nSee related article:Hold onto your crypto bags, the regulators are coming', 'The cryptocurrency industry came under criticism from U.S. lawmakers during a meeting of the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday entitled \x93Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets.\x94 See related article: Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown Fast facts \x93While crypto contagion didn\x92t infect the broader financial system, we saw glimpses of the damage it could have done if crypto migrated into the banking system,\x94 said committee chairman Senator Sherrod Brown in his opening remarks, referring to the collapse of Bahamas-based crypto exchange FTX.com in November . \x93These crypto catastrophes have exposed what many of us already knew: Digital assets \x97 cryptocurrencies, stablecoins, and investment tokens \x97 are speculative products run by reckless companies that put Americans\x92 hard-earned money at risk,\x94 he said. The hearing covered topics ranging from stablecoin regulation, consumer protection, and how the Securities and Exchange Commission (SEC) should cooperate with the Commodity Futures Trading Commission to regulate digital assets. Lee Reiners, policy director of the Duke Financial Economics Center, said crypto undermines U.S. national security and no longer bore much resemblance to what Bitcoin\x92s pseudonymous creator Satoshi Nakamoto envisioned when he developed the technology. Others took a more positive stance, such as Senator J.D. Vance, who warned regulators not to \x93destroy the dynamic upside of the digital asset world.\x94 Senator Tim Scott appealed to Securities and Exchange Commission (SEC) Chair Gary Gensler to appear before Congress to address enforcement actions by the agency in recent weeks. On Thursday, crypto exchange Kraken shuttered its crypto staking program and paid a US$30 million fine after the SEC said the program violated securities law. Shortly after, Paxos Trust Company stopped minting the Binance USD (BUSD) stablecoin, which has a US$16 billion collateralization, under orders from the New York Department of Financial Services. The hearings also follow calls by the White House to increase efforts to regulate the growing industry, which warned it would be a \x93grave mistake\x94 to enact legislation that would deepen ties between crypto and traditional finance due to the risk of broader financial contagion in a crisis. See related article: Hold onto your crypto bags, the regulators are coming', 'VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSXV:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) announces that as a result of an unforeseen tax notice received this morning in relation to one of our European subsidiaries, the Company will be unable to file its interim financial statements and accompanying management’s discussion and analysis for the three and nine months ended December 31, 2022 (collective
**Last 60 Days of Bitcoin's Closing Prices:**
[16795.09, 16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-15
**Financial & Commodity Data:**
- Gold Closing Price: $1834.20
- Crude Oil Closing Price: $78.59
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,199,008,888
- Hash Rate: 317275458.3617154
- Transaction Count: 325460.0
- Unique Addresses: 723537.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BC Hydro, a state-owned electric utility provider in the Canadian province of British Columbia, has paused new electricity connection requests from cryptocurrency miners for 18 months to support the provinces climate action and economic goals. Cryptocurrency mining consumes massive amounts of electricity to run and cool banks of high-powered computers 24/7/365, while creating very few jobs in the local economy, Minister of Energy, Mines and Low Carbon Innovation Josie Osborne said in a media release Wednesday. The suspension would target cryptocurrency miners who have yet to connect to the grid and those that were in the early stages of getting hooked up. Existing Bitcoin mining operators and those who are well advanced in the BC Hydros connection process would not be affected. What Is Bitcoin Mining? Environmentalists have criticized Bitcoin for its energy expenditures, with many comparing the network's consumption to that of entire countries . The Bitcoin network relies on the Proof-of-Work (PoW) consensus algorithm, which requires plenty of energy as Bitcoin miners compete to crack cryptographic puzzles and keep the blockchain secure while earning rewards for their efforts. Enough energy to power 570,000 homes According to the Canada Energy Regulator , about 87% of British Columbias electricity is generated by hydropower, which has attracted unprecedented interest from crypto miners, according to the province's government. The ministry said BC Hydro is currently serving seven crypto-mining operations and has six in the advanced stages of connection, totaling 273 megawatts of power. Additionally, the province is facing requests from 21 projects with a projected power usage of 1,403 megawattsenough energy to power 570,000 homes or 2.1 million electric vehicles for a year. All of these requests will now be suspended. The Hard Truth About Bitcoin's Energy Consumption The decision follows a similar move by the province of Manitoba last month in response to concerns that cryptocurrency operations have a high environmental toll by pulling in massive amounts of electricity with little economic payoff. Hydro-Quebec looks to follow the same avenue, too, asking the provincial regulator at the beginning of November to suspend the energy allocation process to cryptocurrency miners....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is February 23, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of February 24, 2023, as well as Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of February 27, 2023. The ex-distribution date for all closed-end funds is February 27, 2023.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionper share/unit": "$ 0.10501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionper share/unit": "$ 0.09501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionper share/unit": "$ 0.05901", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionper share/unit": "$ 0.07201", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionper share/unit": "$ 0.08301", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionper share/unit": "$ 0.11001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "TickerSymbol": "PYF.U", "Distributionper share/unit": "US $ 0.16501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionper share/unit": "$ 0.12301", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionper share/unit": "$ 0.10251", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionper share/unit": "$ 0.06001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionper share/unit": "$ 0.13751", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionper share/unit": "$ 0.0780", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD", "Distributionper share/unit": "$ 0.0650", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "PUD.B", "Distributionper share/unit": "$ 0.0760", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "TickerSymbol": "BND", "Distributionper share/unit": "$ 0.0665", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings Fund \\u2013 ETF Units", "TickerSymbol": "PSA", "Distributionper share/unit": "$ 0.2055", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "TickerSymbol": "PSU.U", "Distributionper share/unit": "US$ 0.4015", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "TickerSymbol": "SYLD", "Distributionper share/unit": "$ 0.0970", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "TickerSymbol": "PINC", "Distributionper share/unit": "$ 0.0840", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "TickerSymbol": "IGB", "Distributionper share/unit": "$ 0.06781", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPS", "Distributionper share/unit": "$ 0.0950", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "TickerSymbol": "RDE", "Distributionper share/unit": "$ 0.08001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPU", "Distributionper share/unit": "$ 0.0940", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "TickerSymbol": "RPU.B / RPU.U", "Distributionper share/unit": "$ 0.0940", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "TickerSymbol": "REM", "Distributionper share/unit": "$ 0.0950", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "TickerSymbol": "FLX", "Distributionper share/unit": "$ 0.0297", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "TickerSymbol": "FLX.U", "Distributionper share/unit": "US$ 0.0375", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "FLX.B", "Distributionper share/unit": "$ 0.0365", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "TickerSymbol": "BDEQ", "Distributionper share/unit": "$ 0.0112", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "BDOP", "Distributionper share/unit": "$ 0.0075", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "CROP", "Distributionper share/unit": "$ 0.0875", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF USD Units", "TickerSymbol": "CROP.U", "Distributionper share/unit": "$ 0.0975", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "TickerSymbol": "BTCY", "Distributionper share/unit": "$ 0.0210", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "BTCY.B", "Distributionper share/unit": "$ 0.0235", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "BTCY.U", "Distributionper share/unit": "US$ 0.0280", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "TickerSymbol": "ETHY", "Distributionper share/unit": "$ 0.0210", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "ETHY.B", "Distributionper share/unit": "$ 0.0250", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "ETHY.U", "Distributionper share/unit": "US$ 0.0275", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Healthcare Innovation Yield ETF \\u2013 ETF Units", "TickerSymbol": "HEAL", "Distributionper share/unit": "$ 0.1330", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Alphabet (GOOGL) Yield Shares Purpose ETF", "TickerSymbol": "YGOG", "Distributionper share/unit": "$ 0.1833", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Amazon (AMZN) Yield Shares Purpose ETF", "TickerSymbol": "YAMZ", "Distributionper share/unit": "$ 0.2000", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Apple (AAPL) Yield Shares Purpose ETF", "TickerSymbol": "APLY", "Distributionper share/unit": "$ 0.1667", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Berkshire Hathaway (BRK) Yield Shares Purpose ETF", "TickerSymbol": "BRKY", "Distributionper share/unit": "$ 0.1000", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Tesla (TSLA) Yield Shares Purpose ETF", "TickerSymbol": "YTSL", "Distributionper share/unit": "$ 0.3067", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "", "TickerSymbol": "", "Distributionper share/unit": "", "Record Date": "", "Payable Date": "", "Distribution Frequency": ""}, {"Open-End Funds": "Closed-End Funds", "TickerSymbol": "Ticker Symbol", "Distributionper share/unit": "Distributionper share/unit", "Record Date": "Record Date", "Payable Date": "Payable Date", "Distribution Frequency": "Distribution Frequency"}, {"Open-End Funds": "Canadian Investment Grade Preferred Share Fund \\u2013 Class T", "TickerSymbol": "RIGP.UN", "Distributionper share/unit": "$ 0.1146", "Record Date": "02/28/2023", "Payable Date": "03/14/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Big Banc Split Corp \\u2013 Class A", "TickerSymbol": "BNK", "Distributionper share/unit": "$ 0.06621", "Record Date": "02/28/2023", "Payable Date": "03/14/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Big Banc Split Corp \\u2013 Preferred Shares", "TickerSymbol": "BNK.PR.A", "Distributionper share/unit": "$ 0.05001", "Record Date": "02/28/2023", "Payable Date": "03/14/2023", "Distribution Frequency": "Monthly"}]\nEstimated February 2023 Distributions for Purpose Cash Management Fund\nThe February 2023 distribution rate for Purpose Cash Management Fund isestimatedto be as follows:\n[{"Fund Name": "Purpose Cash Management Fund - ETF Units", "Ticker Symbol": "MNY", "Estimated Distributionper unit": "$ 0.3539", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}]\nPurpose expects to issue a press release on or about February 24, 2023, which will provide thefinaldistribution rate for Purpose Cash Management Fund. The ex-distribution date will be February 27, 2023.\n[{"(1)": "(2)", "Dividend is designated as an \\u201celigible\\u201d Canadian dividend for purposes of theIncome Tax Act(Canada) and any similar provincial and territorial legislation.": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD; however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date."}]\nAbout Purpose Investments Inc.\nPurpose Investments is an asset management company with over $15 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.\nFor further information, please contact:Keera [email protected]\nCommissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.', 'Purpose Investments Inc. TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”). The ex-distribution date for all ETFs is February 23, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of February 24, 2023, as well as Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of February 27, 2023. The ex-distribution date for all closed-end funds is February 27, 2023. Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Purpose Core Dividend Fund - ETF Series PDF $ 0.1050 1 02/24/2023 03/07/2023 Monthly Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.0950 1 02/24/2023 03/07/2023 Monthly Purpose Total Return Bond Fund - ETF Series PBD $ 0.0590 1 02/24/2023 03/07/2023 Monthly Purpose Real Estate Income Fund – ETF Series PHR $ 0.0720 1 02/24/2023 03/07/2023 Monthly Purpose Monthly Income Fund - ETF Series PIN $ 0.0830 1 02/24/2023 03/07/2023 Monthly Purpose Premium Yield Fund – ETF Series PYF $ 0.1100 1 02/24/2023 03/07/2023 Monthly Purpose Premium Yield Fund Non-Currency Hedged USD – ETF Series PYF.U US $ 0.1650 1 02/24/2023 03/07/2023 Monthly Purpose Premium Yield Fund Non-Currency Hedged – ETF Series PYF.B $ 0.1230 1 02/24/2023 03/07/2023 Monthly Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.1025 1 02/24/2023 03/07/2023 Monthly Purpose Conservative Income Fund – ETF Series PRP $ 0.0600 1 02/24/2023 03/07/2023 Monthly Purpose Enhanced Premium Yield Fund – ETF Series PAYF $ 0.1375 1 02/24/2023 03/07/2023 Monthly Purpose International Dividend Fund – ETF Units PID $ 0.0780 02/24/2023 03/07/2023 Monthly Purpose US Dividend Fund – ETF Units PUD $ 0.0650 02/24/2023 03/07/2023 Monthly Purpose US Dividend Fund Non-Currency Hedged – ETF Units PUD.B $ 0.0760 02/24/2023 03/07/2023 Monthly Purpose Global Bond Fund – ETF Units BND $ 0.0665 02/24/2023 03/07/2023 Monthly Purpose High Interest Savings Fund – ETF Units PSA $ 0.2055 02/27/2023 03/07/2023 Monthly Purpose US Cash Fund – ETF Units PSU.U US$ 0.4015 02/27/2023 03/07/2023 Monthly Purpose Strategic Yield Fund – ETF Units SYLD $ 0.0970 02/24/2023 03/07/2023 Monthly Purpose Multi-Asset Income Fund – ETF Units PINC $ 0.0840 02/24/2023 03/07/2023 Monthly Purpose Global Bond Class – ETF Units IGB $ 0.0678 1 02/24/2023 03/07/2023 Monthly Purpose Canadian Preferred Share Fund – ETF Units RPS $ 0.0950 02/24/2023 03/07/2023 Monthly Purpose Core Equity Income Fund – ETF Series RDE $ 0.0800 1 02/24/2023 03/07/2023 Monthly Purpose US Preferred Share Fund – ETF Units RPU $ 0.0940 02/24/2023 03/07/2023 Monthly Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units 2 RPU.B / RPU.U $ 0.0940 02/24/2023 03/07/2023 Monthly Purpose Emerging Markets Dividend Fund – ETF Units REM $ 0.0950 02/24/2023 03/07/2023 Monthly Purpose Global Flexible Credit Fund – ETF Units FLX $ 0.0297 02/24/2023 03/07/2023 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged USD – ETF Units FLX.U US$ 0.0375 02/24/2023 03/07/2023 Monthly Purpose Global Flexible Credit Fund - Non-Currency Hedged – ETF Units FLX.B $ 0.0365 02/24/2023 03/07/2023 Monthly Black Diamond Global Equity Fund – ETF Units BDEQ $ 0.0112 02/24/2023 03/07/2023 Monthly Black Diamond Distressed Opportunities Fund – ETF Units BDOP $ 0.0075 02/24/2023 03/07/2023 Monthly Purpose Credit Opportunities Fund – ETF Units CROP $ 0.0875 02/24/2023 03/07/2023 Monthly Purpose Credit Opportunities Fund – ETF USD Units CROP.U $ 0.0975 02/24/2023 03/07/2023 Monthly Purpose Bitcoin Yield ETF – ETF Units BTCY $ 0.0210 02/24/2023 03/07/2023 Monthly Purpose Bitcoin Yield ETF – ETF Non-Currency hedged Units BTCY.B $ 0.0235 02/24/2023 03/07/2023 Monthly Purpose Bitcoin Yield ETF – ETF Units Non-Currency Hedged USD Units BTCY.U US$ 0.0280 02/24/2023 03/07/2023 Monthly Purpose Ether Yield ETF – ETF Units ETHY $ 0.0210 02/24/2023 03/07/2023 Monthly Purpose Ether Yield ETF – ETF Non-Currency hedged Units ETHY.B $ 0.0250 02/24/2023 03/07/2023 Monthly Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units ETHY.U US$ 0.0275 02/24/2023 03/07/2023 Monthly Purpose Healthcare Innovation Yield ETF – ETF Units HEAL $ 0.1330 02/24/2023 03/07/2023 Monthly Alphabet (GOOGL) Yield Shares Purpose ETF YGOG $ 0.1833 02/24/2023 03/07/2023 Monthly Amazon (AMZN) Yield Shares Purpose ETF YAMZ $ 0.2000 02/24/2023 03/07/2023 Monthly Apple (AAPL) Yield Shares Purpose ETF APLY $ 0.1667 02/24/2023 03/07/2023 Monthly Berkshire Hathaway (BRK) Yield Shares Purpose ETF BRKY $ 0.1000 02/24/2023 03/07/2023 Monthly Tesla (TSLA) Yield Shares Purpose ETF YTSL $ 0.3067 02/24/2023 03/07/2023 Monthly Closed-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency Canadian Investment Grade Preferred Share Fund – Class T RIGP.UN $ 0.1146 02/28/2023 03/14/2023 Monthly Big Banc Split Corp – Class A BNK $ 0.0662 1 02/28/2023 03/14/2023 Monthly Big Banc Split Corp – Preferred Shares BNK.PR.A $ 0.0500 1 02/28/2023 03/14/2023 Monthly Estimated February 2023 Distributions for Purpose Cash Management Fund The February 2023 distribution rate for Purpose Cash Management Fund is estimated to be as follows: Story continues Fund Name Ticker Symbol Estimated Distribution per unit Record Date Payable Date Distribution Frequency Purpose Cash Management Fund - ETF Units MNY $ 0.3539 02/27/2023 03/07/2023 Monthly Purpose expects to issue a press release on or about February 24, 2023, which will provide the final distribution rate for Purpose Cash Management Fund. The ex-distribution date will be February 27, 2023. (1) Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation. (2) Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD; however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date. About Purpose Investments Inc. Purpose Investments is an asset management company with over $15 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information, please contact: Keera Hart [email protected] 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. View comments', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin surged to its highest level since August.\nInsights:BLUR, the token of NFT marketplace Blur, surges following an airdrop.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,137\n+89.3▲8.5%\nBitcoin (BTC)\n$24,633\n+2511.7▲11.4%\nEthereum (ETH)\n$1,695\n+144.6▲9.3%\nS&P 500\n4,147.60\n+11.5▲0.3%\nGold\n$1,851\n+16.5▲0.9%\nNikkei 225\n27,501.86\n−100.9▼0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Surge Takes It Past $24.7\nJust when bitcoin seemed likely headed for points south, investors sent the largest cryptocurrency by market capitalization upward, largely on the strength of a short squeeze.\nBTC was recently trading at about $24,625, up more than 11% from Tuesday, same time. Bitcoin last traded over $24,500 in August. Wednesday\'s spike followed a tepid Consumer Price Index that had investors feeling less anxious about the U.S. economy\'s future and the Fed\'s next monetary policy moves.\nBut short-selling investors seemed more responsible for the unexpected reversal from recent days. Data from crypto data providerCoinglassat one point Wednesday showed that traders who bet on price shifts liquidated some $65 million of bitcoin over from the previous 24 hours, from which about $60 million were in short positions.\nEther enjoyed an almost equally upbeat day, blasting past $1,700 before settling slightly below this threshold. The second largest crypto in market value was recently up more than 9%. Other major turned bright green over the course of the day with YGG, the token of play-to-earn gaming guild Yield Guild Games, and NEAR, the native crypto of smart contracts platform Near Protocol, each recently rising well over 11%. TheCoinDesk Market Index(CMI) a measure of the wider digital asset market\'s performance, was recently up 10%.\nAnd while equity markets were less adventuresome overall with the tech-heavy Nasdaq and S&P 500 both closing up less than a percentage point, crypto related stocks soared with both exchange Coinbase (COIN) and bitcoin miner Marathon Digital Holdings (MARA) increasing 17% and 18%, respectively. Business software company MicroStrategy (MSTR), a major BTC holder, recently rose more than 9%.\nThe sad saga of FTX continued as U.S. federal prosecutors asked a judge of the U.S. District Court for the Southern District of New York to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. prosecutors alleged that Bankman-Fried used a virtual private network at least twice, supposedly to watch National Football League playoff games. It\'s a sharp escalation of previous requests, which mainly saw prosecutors ask that Bankman-Fried only be banned from using encrypted or ephemeral messaging applications.\nIn an interview on CoinDesk TV, Joey Krug, investor and co-founder of Augur and Eco, said that he believed "markets had bottomed back in June of last year," but also noted: "There\'s probably going to continue to be some chop in the markets as inflation doesn\'t go as fast as people hoped. My view is things got oversold last summer and things are finally bouncing back."\nKrug added: "The second half of the year is going to be bullish for crypto. Most people who are going to sell crypto have already sold."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+14.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+11.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+11.4%", "DACS Sector": "Entertainment"}]\nThere are no losers in CoinDesk 20 today.\nNFT Marketplace Blur\'s Token Reaches $500M Trading Volume After Airdrop\n(A version of this storyappearedWednesday on CoinDesk\'s website.)\nTokens of non-fungible token marketplace Blur have already amassed over $500 million in trading volume in less than 24 hours since their much-hyped airdrop.\nA Blurairdrop tracking pageon Dune Analytics, created by Crypto Twitter user pandajackson42, shows that 320 million of the 360 million total airdropped blur tokens were claimed by users, which represents nearly 90% of the airdrop.\nAirdrops are the unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users.\nBLUR tokens were airdropped to users of the Blur marketplace, with the airdrop amount depending on the total activity, network volume, and transactions made by each user on the platform. There were a total of three airdrop rounds. The first was for everyone who traded in the six months prior to the launch of the Blur marketplace, the second was for traders who actively listed on the Blur marketplace through November, and the third was for traders who placed bids on Blur.\nThe third type of recipient received the most tokens in the airdrop.\nBlockchain data further collated on Dune shows 40% of all users received between 100 to 1,000 blur tokens. Some 22% of users received less than 100 blur tokens, while 30% received between 1,000 to 10,000 blur tokens.\nLess than 1% of users received more than 1 million blur tokens – worth over $1 million on Wednesday morning.\nBlockchain data shows there are over 33,000 unique wallet holders of BLUR as of Wednesday morning, with a majority of these initially receiving the airdrop before likely transferring the tokens out to other wallets.\nSome traders sold the tokensen masseafter receiving the airdrop. The tokens were initially listed at $1 on crypto exchange Coinbase, but fell to as low as 48 cents late on Tuesday. However, Asian hours on Wednesday saw buying pressure and the tokens rose to 72 cents as of writing time.\nCoinGecko data shows over $530 million worth of BLUR has been traded across exchanges such as OKX, Kucoin and Uniswap.\nMeanwhile, the total value of tokens on the Blur marketplace spiked by $10 million in the past 24 hours,DeFiLlama datashows.\nBlockchain Fest 2023(Singapore)\nEuropean Blockchain Convention 2023(Barcelona)\nAfrica Tech Summit 2023(Nairobi, Kenya)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Surging After Inflation Data; Paxos Burns $700M Binance USD Amid Regulatory Pressure\nBitcoin regained a foothold comfortably above $22,000, despite tepid January U.S. consumer price index (CPI) data. eToro investment analyst Callie Cox shared her crypto markets analysis. Separately, Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. Former Paxos head of portfolio management and Columbia Business School adjunct professor Jesse Austin Campbell explained why stablecoins can be as safe as regulated financial products like money market funds.\nStanford Research Director, Former Dean Revealed to Be Bankman-Fried\'s Bond Signers:Bankman-Fried has two co-signers in addition to his parents.\nCrypto Long & Short, Sorting Out Bitcoin’s P/E Ratio:How do you decide if BTC is under- or overvalued?\nState of Crypto, Interpreting the Paxos-Binance Tea Leaves:NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target.\nLido DAO’s Governance Token LDO Jumps on Treasury Proposal:The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether.\nNapster Revives Its Music Ambitions With Web3 Acquisition of Mint Songs:The brand first known for peer-to-peer music sharing from 1999-2001 announced its purchase of the music-focused NFT marketplace.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin surged to its highest level since August. Insights: BLUR, the token of NFT marketplace Blur, surges following an airdrop. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,137 +89.3 ▲ 8.5% Bitcoin (BTC) $24,633 +2511.7 ▲ 11.4% Ethereum (ETH) $1,695 +144.6 ▲ 9.3% S&P 500 4,147.60 +11.5 ▲ 0.3% Gold $1,851 +16.5 ▲ 0.9% Nikkei 225 27,501.86 −100.9 ▼ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Surge Takes It Past $24.7 Just when bitcoin seemed likely headed for points south, investors sent the largest cryptocurrency by market capitalization upward, largely on the strength of a short squeeze. BTC was recently trading at about $24,625, up more than 11% from Tuesday, same time. Bitcoin last traded over $24,500 in August. Wednesday\'s spike followed a tepid Consumer Price Index that had investors feeling less anxious about the U.S. economy\'s future and the Fed\'s next monetary policy moves. But short-selling investors seemed more responsible for the unexpected reversal from recent days. Data from crypto data provider Coinglass at one point Wednesday showed that traders who bet on price shifts liquidated some $65 million of bitcoin over from the previous 24 hours, from which about $60 million were in short positions. Ether enjoyed an almost equally upbeat day, blasting past $1,700 before settling slightly below this threshold. The second largest crypto in market value was recently up more than 9%. Other major turned bright green over the course of the day with YGG, the token of play-to-earn gaming guild Yield Guild Games, and NEAR, the native crypto of smart contracts platform Near Protocol, each recently rising well over 11%. The CoinDesk Market Index (CMI) a measure of the wider digital asset market\'s performance, was recently up 10%. Story continues And while equity markets were less adventuresome overall with the tech-heavy Nasdaq and S&P 500 both closing up less than a percentage point, crypto related stocks soared with both exchange Coinbase (COIN) and bitcoin miner Marathon Digital Holdings (MARA) increasing 17% and 18%, respectively. Business software company MicroStrategy (MSTR), a major BTC holder, recently rose more than 9%. The sad saga of FTX continued as U.S. federal prosecutors asked a judge of the U.S. District Court for the Southern District of New York to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. prosecutors alleged that Bankman-Fried used a virtual private network at least twice, supposedly to watch National Football League playoff games. It\'s a sharp escalation of previous requests, which mainly saw prosecutors ask that Bankman-Fried only be banned from using encrypted or ephemeral messaging applications. In an interview on CoinDesk TV, Joey Krug, investor and co-founder of Augur and Eco, said that he believed "markets had bottomed back in June of last year," but also noted: "There\'s probably going to continue to be some chop in the markets as inflation doesn\'t go as fast as people hoped. My view is things got oversold last summer and things are finally bouncing back." Krug added: "The second half of the year is going to be bullish for crypto. Most people who are going to sell crypto have already sold." Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +14.7% Entertainment Avalanche AVAX +11.4% Smart Contract Platform Decentraland MANA +11.4% Entertainment Biggest Losers There are no losers in CoinDesk 20 today. Insights NFT Marketplace Blur\'s Token Reaches $500M Trading Volume After Airdrop (A version of this story appeared Wednesday on CoinDesk\'s website.) Tokens of non-fungible token marketplace Blur have already amassed over $500 million in trading volume in less than 24 hours since their much-hyped airdrop. A Blur airdrop tracking page on Dune Analytics, created by Crypto Twitter user pandajackson42, shows that 320 million of the 360 million total airdropped blur tokens were claimed by users, which represents nearly 90% of the airdrop. Airdrops are the unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users. BLUR tokens were airdropped to users of the Blur marketplace, with the airdrop amount depending on the total activity, network volume, and transactions made by each user on the platform. There were a total of three airdrop rounds. The first was for everyone who traded in the six months prior to the launch of the Blur marketplace, the second was for traders who actively listed on the Blur marketplace through November, and the third was for traders who placed bids on Blur. The third type of recipient received the most tokens in the airdrop. BLUR airdrop distribution (@PandaJackson/Dune Analytics) Blockchain data further collated on Dune shows 40% of all users received between 100 to 1,000 blur tokens. Some 22% of users received less than 100 blur tokens, while 30% received between 1,000 to 10,000 blur tokens. Less than 1% of users received more than 1 million blur tokens – worth over $1 million on Wednesday morning. Blockchain data shows there are over 33,000 unique wallet holders of BLUR as of Wednesday morning, with a majority of these initially receiving the airdrop before likely transferring the tokens out to other wallets. Some traders sold the tokens en masse after receiving the airdrop. The tokens were initially listed at $1 on crypto exchange Coinbase, but fell to as low as 48 cents late on Tuesday. However, Asian hours on Wednesday saw buying pressure and the tokens rose to 72 cents as of writing time. CoinGecko data shows over $530 million worth of BLUR has been traded across exchanges such as OKX, Kucoin and Uniswap. Meanwhile, the total value of tokens on the Blur marketplace spiked by $10 million in the past 24 hours, DeFiLlama data shows. Important events Blockchain Fest 2023 (Singapore) European Blockchain Convention 2023 (Barcelona) Africa Tech Summit 2023 (Nairobi, Kenya) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin, Ether Surging After Inflation Data; Paxos Burns $700M Binance USD Amid Regulatory Pressure Bitcoin regained a foothold comfortably above $22,000, despite tepid January U.S. consumer price index (CPI) data. eToro investment analyst Callie Cox shared her crypto markets analysis. Separately, Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. Former Paxos head of portfolio management and Columbia Business School adjunct professor Jesse Austin Campbell explained why stablecoins can be as safe as regulated financial products like money market funds. Headlines Stanford Research Director, Former Dean Revealed to Be Bankman-Fried\'s Bond Signers: Bankman-Fried has two co-signers in addition to his parents. Crypto Long & Short, Sorting Out Bitcoin’s P/E Ratio: How do you decide if BTC is under- or overvalued? State of Crypto, Interpreting the Paxos-Binance Tea Leaves: NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target. Lido DAO’s Governance Token LDO Jumps on Treasury Proposal: The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether. Napster Revives Its Music Ambitions With Web3 Acquisition of Mint Songs: The brand first known for peer-to-peer music sharing from 1999-2001 announced its purchase of the music-focused NFT marketplace.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin surged to its highest level since August.\nInsights:BLUR, the token of NFT marketplace Blur, surges following an airdrop.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,137\n+89.3▲8.5%\nBitcoin (BTC)\n$24,633\n+2511.7▲11.4%\nEthereum (ETH)\n$1,695\n+144.6▲9.3%\nS&P 500\n4,147.60\n+11.5▲0.3%\nGold\n$1,851\n+16.5▲0.9%\nNikkei 225\n27,501.86\n−100.9▼0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Surge Takes It Past $24.7\nJust when bitcoin seemed likely headed for points south, investors sent the largest cryptocurrency by market capitalization upward, largely on the strength of a short squeeze.\nBTC was recently trading at about $24,625, up more than 11% from Tuesday, same time. Bitcoin last traded over $24,500 in August. Wednesday\'s spike followed a tepid Consumer Price Index that had investors feeling less anxious about the U.S. economy\'s future and the Fed\'s next monetary policy moves.\nBut short-selling investors seemed more responsible for the unexpected reversal from recent days. Data from crypto data providerCoinglassat one point Wednesday showed that traders who bet on price shifts liquidated some $65 million of bitcoin over from the previous 24 hours, from which about $60 million were in short positions.\nEther enjoyed an almost equally upbeat day, blasting past $1,700 before settling slightly below this threshold. The second largest crypto in market value was recently up more than 9%. Other major turned bright green over the course of the day with YGG, the token of play-to-earn gaming guild Yield Guild Games, and NEAR, the native crypto of smart contracts platform Near Protocol, each recently rising well over 11%. TheCoinDesk Market Index(CMI) a measure of the wider digital asset market\'s performance, was recently up 10%.\nAnd while equity markets were less adventuresome overall with the tech-heavy Nasdaq and S&P 500 both closing up less than a percentage point, crypto related stocks soared with both exchange Coinbase (COIN) and bitcoin miner Marathon Digital Holdings (MARA) increasing 17% and 18%, respectively. Business software company MicroStrategy (MSTR), a major BTC holder, recently rose more than 9%.\nThe sad saga of FTX continued as U.S. federal prosecutors asked a judge of the U.S. District Court for the Southern District of New York to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. prosecutors alleged that Bankman-Fried used a virtual private network at least twice, supposedly to watch National Football League playoff games. It\'s a sharp escalation of previous requests, which mainly saw prosecutors ask that Bankman-Fried only be banned from using encrypted or ephemeral messaging applications.\nIn an interview on CoinDesk TV, Joey Krug, investor and co-founder of Augur and Eco, said that he believed "markets had bottomed back in June of last year," but also noted: "There\'s probably going to continue to be some chop in the markets as inflation doesn\'t go as fast as people hoped. My view is things got oversold last summer and things are finally bouncing back."\nKrug added: "The second half of the year is going to be bullish for crypto. Most people who are going to sell crypto have already sold."\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+14.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+11.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+11.4%", "DACS Sector": "Entertainment"}]\nThere are no losers in CoinDesk 20 today.\nNFT Marketplace Blur\'s Token Reaches $500M Trading Volume After Airdrop\n(A version of this storyappearedWednesday on CoinDesk\'s website.)\nTokens of non-fungible token marketplace Blur have already amassed over $500 million in trading volume in less than 24 hours since their much-hyped airdrop.\nA Blurairdrop tracking pageon Dune Analytics, created by Crypto Twitter user pandajackson42, shows that 320 million of the 360 million total airdropped blur tokens were claimed by users, which represents nearly 90% of the airdrop.\nAirdrops are the unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users.\nBLUR tokens were airdropped to users of the Blur marketplace, with the airdrop amount depending on the total activity, network volume, and transactions made by each user on the platform. There were a total of three airdrop rounds. The first was for everyone who traded in the six months prior to the launch of the Blur marketplace, the second was for traders who actively listed on the Blur marketplace through November, and the third was for traders who placed bids on Blur.\nThe third type of recipient received the most tokens in the airdrop.\nBlockchain data further collated on Dune shows 40% of all users received between 100 to 1,000 blur tokens. Some 22% of users received less than 100 blur tokens, while 30% received between 1,000 to 10,000 blur tokens.\nLess than 1% of users received more than 1 million blur tokens – worth over $1 million on Wednesday morning.\nBlockchain data shows there are over 33,000 unique wallet holders of BLUR as of Wednesday morning, with a majority of these initially receiving the airdrop before likely transferring the tokens out to other wallets.\nSome traders sold the tokensen masseafter receiving the airdrop. The tokens were initially listed at $1 on crypto exchange Coinbase, but fell to as low as 48 cents late on Tuesday. However, Asian hours on Wednesday saw buying pressure and the tokens rose to 72 cents as of writing time.\nCoinGecko data shows over $530 million worth of BLUR has been traded across exchanges such as OKX, Kucoin and Uniswap.\nMeanwhile, the total value of tokens on the Blur marketplace spiked by $10 million in the past 24 hours,DeFiLlama datashows.\nBlockchain Fest 2023(Singapore)\nEuropean Blockchain Convention 2023(Barcelona)\nAfrica Tech Summit 2023(Nairobi, Kenya)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Surging After Inflation Data; Paxos Burns $700M Binance USD Amid Regulatory Pressure\nBitcoin regained a foothold comfortably above $22,000, despite tepid January U.S. consumer price index (CPI) data. eToro investment analyst Callie Cox shared her crypto markets analysis. Separately, Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. Former Paxos head of portfolio management and Columbia Business School adjunct professor Jesse Austin Campbell explained why stablecoins can be as safe as regulated financial products like money market funds.\nStanford Research Director, Former Dean Revealed to Be Bankman-Fried\'s Bond Signers:Bankman-Fried has two co-signers in addition to his parents.\nCrypto Long & Short, Sorting Out Bitcoin’s P/E Ratio:How do you decide if BTC is under- or overvalued?\nState of Crypto, Interpreting the Paxos-Binance Tea Leaves:NYDFS forced Paxos to stop issuing Binance USD. The SEC has said BUSD may be a security. Stay with me here – Paxos may not be the regulatory target.\nLido DAO’s Governance Token LDO Jumps on Treasury Proposal:The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether.\nNapster Revives Its Music Ambitions With Web3 Acquisition of Mint Songs:The brand first known for peer-to-peer music sharing from 1999-2001 announced its purchase of the music-focused NFT marketplace.', 'Bitcoin broke through the US$24,000 price ceiling for the first time in two weeks to reach its highest price since mid-August in Thursday morning trading in Asia, as investors liquidated almost US$70 million of mostly short-position bets, according todata aggregator GlassNode. The short positions, or bets the price of Bitcoin would fall, had grown following a series of U.S. regulatory crackdowns this month on crypto services. Ether rose with the rest of the top 10 non-stablecoin cryptocurrencies, with Solana leading the gains.\nSee related article:Sam Bankman-Fried banned from using VPNs while on bail: Bloomberg\n• Bitcoin rose 9.4% in the last 24 hours to trade at US$24,318 as of 8 a.m. in Hong Kong, bringing its gains over the past seven days to 6%, according toCoinMarketCap data. Ethereum rose 7.5% to US$1,674, a total gain of 1.4% for the week.\n• Solana jumped 9.4% to US$23.88, up 2.9% for the past seven days. Cardano added 8.3% to US$0.41, a weekly gain of 6.1% following the successful deployment of the network’s Valentine upgrade yesterday. The upgrade aims to make it easier for developers to build cross-chain applications on the Cardano blockchain.\n• BNB rose 7.1% to US$317.39. The token is still down 3.2% after the New York Department of Financial Services told Paxos Trust Co. to stop issuing the U.S. dollar-pegged Binance USD (BUSD) stablecoin. BUSD is issued through a collaboration with Paxos and BNB’s issuer Binance Global Inc., which runs the world’s largest crypto exchange.\n• The total crypto market capitalization in the 24 hours rose 6.9% to US$1.10 trillion, the highest since mid-August, with total trading volume up 7.9% to US$63.61 billion.\n• U.S. equities rose on Wednesday. The Dow Jones Industrial Average gained 0.1%, the S&P 500 Index added 0.3% and the Nasdaq Composite Index finished the day up 0.9%.\n• Wednesday’s gains follow the release the day before of January’s Consumer Price Index that showed prices rose 0.5% for the month and 6.4% year-on-year. While these figures were slightly higher than the expected monthly increase of 0.4% and annual 6.2%, they do show that inflation has followed a downward trajectory for the past several months in the world’s largest economy.\n• The year-on-year CPI in December came in at 6.5% from the 7.1% recorded in November, which in turn declined from October’s 7.7% and 8.2% in September.\n• The Fed, which has said it wants inflation back in the 2% range, has raised interest rates multiple times since last March to reverse the inflation surge.\n• Analysts at the CME Group predict a more than 90% chance that the Fed will raise rates by a further 25 basis points at its meeting next month. U.S. interest rates are currently at 4.5% to 4.75%, the highest in 15 years, and Fed officials have repeatedly indicated they could raise rates to as high as 5% to get inflation back to the central bank’s target range.\nSee related article:Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown', 'Bitcoin broke through the US$24,000 price ceiling for the first time in two weeks to reach its highest price since mid-August in Thursday morning trading in Asia, as investors liquidated almost US$70 million of mostly short-position bets, according to data aggregator GlassNode . The short positions, or bets the price of Bitcoin would fall, had grown following a series of U.S. regulatory crackdowns this month on crypto services. Ether rose with the rest of the top 10 non-stablecoin cryptocurrencies, with Solana leading the gains. See related article: Sam Bankman-Fried banned from using VPNs while on bail: Bloomberg Fast facts Bitcoin rose 9.4% in the last 24 hours to trade at US$24,318 as of 8 a.m. in Hong Kong, bringing its gains over the past seven days to 6%, ac
**Last 60 Days of Bitcoin's Closing Prices:**
[16757.98, 16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-16
**Financial & Commodity Data:**
- Gold Closing Price: $1842.00
- Crude Oil Closing Price: $78.49
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $475,425,231,519
- Hash Rate: 348419061.63648504
- Transaction Count: 344711.0
- Unique Addresses: 759215.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The S&P 500 is making a strong start to 2023 as yet another key indicator suggests inflation is trending steadily lower.
On Thursday, the Labor Department reported the consumer price indexgained 6.5%in December, down from a 7.1% increase in November and in-line with economist estimates. Core CPI inflation, which excludes volatile food and energy prices, was 5.7% in December, also in-line with economist estimates.
Bitcoin prices briefly topped $19,000 on Thursday for the first time in two months following the encouraging CPI inflation report. Attorneys for collapsed cryptocurrency exchange FTX said this past week they have located roughly$5 billionin "liquid" assets, including cash and digital currencies, that could be used to repay FTX customers and creditors.
On Wednesday, Walt Disney announced it rejected billionaire activist investor Nelson Peltz's attempt to join the Disney board of investors, setting the stage for aproxy fight. Peltz said Disney had "lost its way resulting in a rapid deterioration in its financial performance," and his Trian Fund Management aims to work with Disney chief executive Bob Iger to ensure a successful CEO transition by 2025.
Wall Street investment bank Goldman Sachs is reportedly conducting3,200 layoffsahead of its upcoming fourth-quarter earnings report on Jan. 17. Big banks Bank of America, Wells Fargo, Citigroup and JPMorgan Chase kicked off bank earnings season on Friday with mixed results.
Shares of popular "meme" stock Bed, Bath & Beyond more than tripled this past week despite the company reporting a $393-million net loss in the fiscal third quarter and recently warning investors it is exploring a possible bankruptcy filing.
In the week ahead, investors will get more quarterly reports from United Airlines on Tuesday, Netflix on Thursday and Ericsson and Schlumberger on Friday.
Wall Street analysts have lowered their S&P 500 earnings estimates for the fourth quarter by 6.5% since the end of September, according to FactSet.
More:Scammers pretend to be from your bank to drain your savings
Following the Monday market holiday, investors will get key economic updates on Wednesday when the U.S. Census Bureau releases its December Retail Sales report and on Friday when the People's Bank of China announces its latest interest rate decision.
More:2023 tax season could be better — but huge backlog of 2022 returns may create challenges
More:Southfield auto lender accused of predatory deals, setting up buyers to fail
Benzinga is a financial news and data company headquartered in Detroit.
This article originally appeared on Detroit Free Press:Is Walt Disney setting stage for a proxy fight?...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin shifted from flying high above $25K to sinking to $23.6K over the course of Thursday.\nInsights:Alameda Research ranked among the crypto industry\'s largest market makers. Its collapse with its parent company FTX, has increasingly prompted startups to postpone their token launches.\nBitcoin Soars Early Past $25K, Tumbles Late Below $23.5K\nCoinDesk Market Index (CMI)\n1,098\n−38.8▼3.4%\nBitcoin (BTC)\n$23,618\n−1187.6▼4.8%\nEthereum (ETH)\n$1,646\n−54.5▼3.2%\nS&P 500\n4,090.41\n−57.2▼1.4%\nGold\n$1,842\n+8.2▲0.4%\nNikkei 225\n27,696.44\n+194.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin was rising again Thursday and then it wasn\'t as investors seemed to have second thoughts about persnickety inflation, Federal Reserve monetary policy and crypto industry woes.\nThe largest digital asset by market capitalization was recently trading at about $23,618, down 4.8% over the past 24 hours and well off its high earlier in the day above $25,100. That mark represented BTC\'s first sojourn above $25,000 since August, reflecting rising optimism about inflation and the economy. But both seemed to vanish in the space of a few hours as an unexpected 0.7% month-over-month spike in January\'s producer price index (PPI) suggested that the U.S. central bank monetary had not yet succeeded in taming price increases that have bedeviled the economy for more than a year.\nIndustry-specific problems during the day also offered a reminder that crypto itself remained on rocky ground as investment bank D.A. Davidson analyst Chris BrendlerdowngradedCoinbase (COIN) to neutral from buy; a New York judge overseeing the criminal fraud case of Sam-Bankman Friedwarnedhe might revoke the bond of the former CEO of disgraced crypto exchange FTX if Bankman-Fried continued to defy bail conditions; and decentralized finance (DeFi) protocol Platypus Financesuffereda flash-loan attack with a potential loss of $8.5 million.\nOther cryptos turn red\nEther followed a similar path to BTC, rising well above $1,700 for the second consecutive day before retreating. The second largest crypto by market capitalization was recently changing hands at about $1,650, down more than a percentage point. Other major cryptos also seesawed with APT, the token of layer 1 protocol Aptos, recently sinking 7.9% after rising more than 9% earlier in the day. MATIC, the native crypto of layer 2 blockchain Polygon Network was up over 6.3%, despite paring gains from earlier. Popular meme coins DOGE and SHIB were both firmly in the red a day after rising handsomely.\nTheCoinDesk Market Index, a measure of overall crypto markets\' performance, was recently down about 3.8% after spending much of the previous 36 hours in the green.\nEquity markets, meanwhile, flinched at the PPI data with the tech-heavy Nasdaq, the S&P 500 and Dow Jones Industrial Average (DJIA) all declining well over a percentage point. Investors remain wary about a strong employment market, an inflationary sign suggesting that economic growth remains solid.\nStill, the recent crypto rally has a number of analysts feeling optimistic about prices. "The [consumer price index] in the U.S. has been playing a less-influential role as more evidence shows inflation has proven to be stubborn to tackle, and investors are adapting and cautiously getting into risky assets as a way of coping mechanism," Adrian Wang, founder and CEO at digital assets wealth management company Metalpha Limited, said prior to the Thursday downturn.\n"We can expect the market going more bullish ahead," he said.\nAnd Darius Tabatabai, the co-founder of Vertex Protocol, a London-based decentralized exchange, said that crypto markets seemed willing to move past the industry\'s myriad problems. "The news that the [Securities and Exchange Commission] was investigating [stablecoin] BUSD earlier this week led to some pullback in prices, but with the market seeming to slowly shrug off the news and retail sales data hinting at a soft landing for inflation, and we may have the makings of another bull market," Tabatabai said.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22126.8%", "DACS Sector": "Currency"}]\nAlameda Research\'s Contagion Effects Linger as Startups Postpone Their Token Launches\nThe crypto market is struggling with an "Alameda gap," with several projects postponing their token launch plans because of a lack of liquidity despite surging bitcoin (BTC) and ether (ETH) prices.\nData from crypto price tracking platform CoinMarketCap shows that new coin applications fell throughout 2022, from 10,264 in the first quarter to 6,350 in the fourth. The drop accelerated toward year\'s end after crypto exchange FTX and its sister concern Alameda Research collapsed in November. Before going bust, Alameda was one of the largest market makers, providing billions of dollars of liquidity to large-cap and small-cap tokens.\nYear to date, the figure is just 3,000 applications.\n“Post-FTX we have seen liquidity dry as up to 50% on major coins,” Guilhem Chaumont, CEO of Paris-based market maker and brokerage Flowdesk, said in an email. “On smaller market caps, the liquidity reduction has been even worse because Alameda has closed all their support for token issuers and other big market makers have reduced their exposure and activity.”\nChaumont said he is advising projects to postpone by three to six months. Flowdesk expects the bear market to be around for another 12 to 18 months.\nLast month, the recently decentralized exchange dYdX said it was planning todelay its token unlock, which would release more than 150 million tokens to early investors and founders, to December 2023 with hopes that the market will have recovered by then. People familiar with the matter say it is because of concern over market liquidity.\nLiquidity in bitcoin and ether markets as measured by the 2% market depth has dried up since Alameda went down, making it harder for traders to execute big orders without affecting the market price and for projects to issue new tokens.\nThe 2% depth represents a collection of the buy and sell orders within 2% of the mid-price – the average of the bid and the ask/offer prices being quoted at a given time. Data tracked by Paris-based Kaiko show the 2% market depth for BTC fell to less than 8,000 BTC in January even as the cryptocurrency rallied over 40%.\n“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, [CoinDesk sister company] Genesis, Cumberland and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in a November briefing note.\nData from Arkham Intelligence shows that balances at key market makers have dropped. Cumberland currently has a balance of $75 million, down from around $220 million in early December; Wintermute has $122 million, compared with $1.7 billion last February and $4 billion at the end of October 2021, when the bull market reached its peak.\nAmber Group, which jettisoned a sponsorship deal with U.K. soccer team Chelsea in December, has been throughmultiple roundsoflayoffs. Arkham says it currently has a balance of $92 million, down from a peak of about $350 million in mid-2022.\nThis isn\'t necessarily a bad thing, said March Zheng, the co-founder and managing partner of Bizantine Capital.\n“Crypto markets are cyclical in nature, but it needs stress test conditions like the last few months to prove its resiliency for the long term,” he told CoinDesk in a note. “New token issuance activity has been down, but it gives more opportunity for incumbent and top projects.”\nZheng points todevelopments in Hong Kongasbullish sentimentsfor the market.\nMeanwhile, the market continues to rally, with bitcoinpushing past $24.5Kduring Asian business hours Thursday while shorts were hit withconsiderable liquidation losses.\nBlockchain Fest 2023(Singapore)\nEuropean Blockchain Convention 2023(Barcelona)\nH1HKT/SGT(UTC):China foreign direct investment(Jan./YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Surges to Highest Level Since August; Sam Bankman-Fried\'s Bond Co-Signers Revealed\nBitcoin was just shy of $25,000, hitting its strongest level since Aug. 15. Digital asset strategist Joe Orsini shared his market reaction. Plus, prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. Securities Lawyer James Murphy weighed in after Bankman-Fried\'s bond co-signers are revealed.\nBUSD Drama Sets Stage for Stablecoin Market Reshuffling:Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.\nCrypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain\'s Newest Rigs:The Bitmain Antminer S19j Pro+ machines will increase CleanSpark\'s computing power by 37%.\nOnly 31% of Staked Ether May Be Profitable, Binance Research:Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research.\nCrypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research\'s Contagion Effects Linger:Data from CoinMarketCap shows a precipitous decline in applications for token listings as liquidity dries up.\nBlur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows:NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin shifted from flying high above $25K to sinking to $23.6K over the course of Thursday.\nInsights:Alameda Research ranked among the crypto industry\'s largest market makers. Its collapse with its parent company FTX, has increasingly prompted startups to postpone their token launches.\nBitcoin Soars Early Past $25K, Tumbles Late Below $23.5K\nCoinDesk Market Index (CMI)\n1,098\n−38.8▼3.4%\nBitcoin (BTC)\n$23,618\n−1187.6▼4.8%\nEthereum (ETH)\n$1,646\n−54.5▼3.2%\nS&P 500\n4,090.41\n−57.2▼1.4%\nGold\n$1,842\n+8.2▲0.4%\nNikkei 225\n27,696.44\n+194.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin was rising again Thursday and then it wasn\'t as investors seemed to have second thoughts about persnickety inflation, Federal Reserve monetary policy and crypto industry woes.\nThe largest digital asset by market capitalization was recently trading at about $23,618, down 4.8% over the past 24 hours and well off its high earlier in the day above $25,100. That mark represented BTC\'s first sojourn above $25,000 since August, reflecting rising optimism about inflation and the economy. But both seemed to vanish in the space of a few hours as an unexpected 0.7% month-over-month spike in January\'s producer price index (PPI) suggested that the U.S. central bank monetary had not yet succeeded in taming price increases that have bedeviled the economy for more than a year.\nIndustry-specific problems during the day also offered a reminder that crypto itself remained on rocky ground as investment bank D.A. Davidson analyst Chris BrendlerdowngradedCoinbase (COIN) to neutral from buy; a New York judge overseeing the criminal fraud case of Sam-Bankman Friedwarnedhe might revoke the bond of the former CEO of disgraced crypto exchange FTX if Bankman-Fried continued to defy bail conditions; and decentralized finance (DeFi) protocol Platypus Financesuffereda flash-loan attack with a potential loss of $8.5 million.\nOther cryptos turn red\nEther followed a similar path to BTC, rising well above $1,700 for the second consecutive day before retreating. The second largest crypto by market capitalization was recently changing hands at about $1,650, down more than a percentage point. Other major cryptos also seesawed with APT, the token of layer 1 protocol Aptos, recently sinking 7.9% after rising more than 9% earlier in the day. MATIC, the native crypto of layer 2 blockchain Polygon Network was up over 6.3%, despite paring gains from earlier. Popular meme coins DOGE and SHIB were both firmly in the red a day after rising handsomely.\nTheCoinDesk Market Index, a measure of overall crypto markets\' performance, was recently down about 3.8% after spending much of the previous 36 hours in the green.\nEquity markets, meanwhile, flinched at the PPI data with the tech-heavy Nasdaq, the S&P 500 and Dow Jones Industrial Average (DJIA) all declining well over a percentage point. Investors remain wary about a strong employment market, an inflationary sign suggesting that economic growth remains solid.\nStill, the recent crypto rally has a number of analysts feeling optimistic about prices. "The [consumer price index] in the U.S. has been playing a less-influential role as more evidence shows inflation has proven to be stubborn to tackle, and investors are adapting and cautiously getting into risky assets as a way of coping mechanism," Adrian Wang, founder and CEO at digital assets wealth management company Metalpha Limited, said prior to the Thursday downturn.\n"We can expect the market going more bullish ahead," he said.\nAnd Darius Tabatabai, the co-founder of Vertex Protocol, a London-based decentralized exchange, said that crypto markets seemed willing to move past the industry\'s myriad problems. "The news that the [Securities and Exchange Commission] was investigating [stablecoin] BUSD earlier this week led to some pullback in prices, but with the market seeming to slowly shrug off the news and retail sales data hinting at a soft landing for inflation, and we may have the makings of another bull market," Tabatabai said.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22126.8%", "DACS Sector": "Currency"}]\nAlameda Research\'s Contagion Effects Linger as Startups Postpone Their Token Launches\nThe crypto market is struggling with an "Alameda gap," with several projects postponing their token launch plans because of a lack of liquidity despite surging bitcoin (BTC) and ether (ETH) prices.\nData from crypto price tracking platform CoinMarketCap shows that new coin applications fell throughout 2022, from 10,264 in the first quarter to 6,350 in the fourth. The drop accelerated toward year\'s end after crypto exchange FTX and its sister concern Alameda Research collapsed in November. Before going bust, Alameda was one of the largest market makers, providing billions of dollars of liquidity to large-cap and small-cap tokens.\nYear to date, the figure is just 3,000 applications.\n“Post-FTX we have seen liquidity dry as up to 50% on major coins,” Guilhem Chaumont, CEO of Paris-based market maker and brokerage Flowdesk, said in an email. “On smaller market caps, the liquidity reduction has been even worse because Alameda has closed all their support for token issuers and other big market makers have reduced their exposure and activity.”\nChaumont said he is advising projects to postpone by three to six months. Flowdesk expects the bear market to be around for another 12 to 18 months.\nLast month, the recently decentralized exchange dYdX said it was planning todelay its token unlock, which would release more than 150 million tokens to early investors and founders, to December 2023 with hopes that the market will have recovered by then. People familiar with the matter say it is because of concern over market liquidity.\nLiquidity in bitcoin and ether markets as measured by the 2% market depth has dried up since Alameda went down, making it harder for traders to execute big orders without affecting the market price and for projects to issue new tokens.\nThe 2% depth represents a collection of the buy and sell orders within 2% of the mid-price – the average of the bid and the ask/offer prices being quoted at a given time. Data tracked by Paris-based Kaiko show the 2% market depth for BTC fell to less than 8,000 BTC in January even as the cryptocurrency rallied over 40%.\n“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, [CoinDesk sister company] Genesis, Cumberland and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in a November briefing note.\nData from Arkham Intelligence shows that balances at key market makers have dropped. Cumberland currently has a balance of $75 million, down from around $220 million in early December; Wintermute has $122 million, compared with $1.7 billion last February and $4 billion at the end of October 2021, when the bull market reached its peak.\nAmber Group, which jettisoned a sponsorship deal with U.K. soccer team Chelsea in December, has been throughmultiple roundsoflayoffs. Arkham says it currently has a balance of $92 million, down from a peak of about $350 million in mid-2022.\nThis isn\'t necessarily a bad thing, said March Zheng, the co-founder and managing partner of Bizantine Capital.\n“Crypto markets are cyclical in nature, but it needs stress test conditions like the last few months to prove its resiliency for the long term,” he told CoinDesk in a note. “New token issuance activity has been down, but it gives more opportunity for incumbent and top projects.”\nZheng points todevelopments in Hong Kongasbullish sentimentsfor the market.\nMeanwhile, the market continues to rally, with bitcoinpushing past $24.5Kduring Asian business hours Thursday while shorts were hit withconsiderable liquidation losses.\nBlockchain Fest 2023(Singapore)\nEuropean Blockchain Convention 2023(Barcelona)\nH1HKT/SGT(UTC):China foreign direct investment(Jan./YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Surges to Highest Level Since August; Sam Bankman-Fried\'s Bond Co-Signers Revealed\nBitcoin was just shy of $25,000, hitting its strongest level since Aug. 15. Digital asset strategist Joe Orsini shared his market reaction. Plus, prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. Securities Lawyer James Murphy weighed in after Bankman-Fried\'s bond co-signers are revealed.\nBUSD Drama Sets Stage for Stablecoin Market Reshuffling:Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.\nCrypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain\'s Newest Rigs:The Bitmain Antminer S19j Pro+ machines will increase CleanSpark\'s computing power by 37%.\nOnly 31% of Staked Ether May Be Profitable, Binance Research:Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research.\nCrypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research\'s Contagion Effects Linger:Data from CoinMarketCap shows a precipitous decline in applications for token listings as liquidity dries up.\nBlur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows:NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin shifted from flying high above $25K to sinking to $23.6K over the course of Thursday. Insights: Alameda Research ranked among the crypto industry\'s largest market makers. Its collapse with its parent company FTX, has increasingly prompted startups to postpone their token launches. Prices Bitcoin Soars Early Past $25K, Tumbles Late Below $23.5K CoinDesk Market Index (CMI) 1,098 −38.8 ▼ 3.4% Bitcoin (BTC) $23,618 −1187.6 ▼ 4.8% Ethereum (ETH) $1,646 −54.5 ▼ 3.2% S&P 500 4,090.41 −57.2 ▼ 1.4% Gold $1,842 +8.2 ▲ 0.4% Nikkei 225 27,696.44 +194.6 ▲ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin was rising again Thursday and then it wasn\'t as investors seemed to have second thoughts about persnickety inflation, Federal Reserve monetary policy and crypto industry woes. The largest digital asset by market capitalization was recently trading at about $23,618, down 4.8% over the past 24 hours and well off its high earlier in the day above $25,100. That mark represented BTC\'s first sojourn above $25,000 since August, reflecting rising optimism about inflation and the economy. But both seemed to vanish in the space of a few hours as an unexpected 0.7% month-over-month spike in January\'s producer price index (PPI) suggested that the U.S. central bank monetary had not yet succeeded in taming price increases that have bedeviled the economy for more than a year. Industry-specific problems during the day also offered a reminder that crypto itself remained on rocky ground as investment bank D.A. Davidson analyst Chris Brendler downgraded Coinbase (COIN) to neutral from buy; a New York judge overseeing the criminal fraud case of Sam-Bankman Fried warned he might revoke the bond of the former CEO of disgraced crypto exchange FTX if Bankman-Fried continued to defy bail conditions; and decentralized finance ( DeFi ) protocol Platypus Finance suffered a flash-loan attack with a potential loss of $8.5 million. Story continues Other cryptos turn red Ether followed a similar path to BTC, rising well above $1,700 for the second consecutive day before retreating. The second largest crypto by market capitalization was recently changing hands at about $1,650, down more than a percentage point. Other major cryptos also seesawed with APT, the token of layer 1 protocol Aptos, recently sinking 7.9% after rising more than 9% earlier in the day. MATIC, the native crypto of layer 2 blockchain Polygon Network was up over 6.3%, despite paring gains from earlier. Popular meme coins DOGE and SHIB were both firmly in the red a day after rising handsomely. The CoinDesk Market Index , a measure of overall crypto markets\' performance, was recently down about 3.8% after spending much of the previous 36 hours in the green. Equity markets, meanwhile, flinched at the PPI data with the tech-heavy Nasdaq, the S&P 500 and Dow Jones Industrial Average (DJIA) all declining well over a percentage point. Investors remain wary about a strong employment market, an inflationary sign suggesting that economic growth remains solid. Still, the recent crypto rally has a number of analysts feeling optimistic about prices. "The [consumer price index] in the U.S. has been playing a less-influential role as more evidence shows inflation has proven to be stubborn to tackle, and investors are adapting and cautiously getting into risky assets as a way of coping mechanism," Adrian Wang, founder and CEO at digital assets wealth management company Metalpha Limited, said prior to the Thursday downturn. "We can expect the market going more bullish ahead," he said. And Darius Tabatabai, the co-founder of Vertex Protocol, a London-based decentralized exchange, said that crypto markets seemed willing to move past the industry\'s myriad problems. "The news that the [Securities and Exchange Commission] was investigating [stablecoin] BUSD earlier this week led to some pullback in prices, but with the market seeming to slowly shrug off the news and retail sales data hinting at a soft landing for inflation, and we may have the makings of another bull market," Tabatabai said. Biggest Gainers Asset Ticker Returns DACS Sector Polygon MATIC +4.1% Smart Contract Platform Loopring LRC +1.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −8.3% Entertainment Terra LUNA −7.6% Smart Contract Platform Shiba Inu SHIB −6.8% Currency Insights Alameda Research\'s Contagion Effects Linger as Startups Postpone Their Token Launches The crypto market is struggling with an "Alameda gap," with several projects postponing their token launch plans because of a lack of liquidity despite surging bitcoin (BTC) and ether (ETH) prices. Data from crypto price tracking platform CoinMarketCap shows that new coin applications fell throughout 2022, from 10,264 in the first quarter to 6,350 in the fourth. The drop accelerated toward year\'s end after crypto exchange FTX and its sister concern Alameda Research collapsed in November. Before going bust, Alameda was one of the largest market makers, providing billions of dollars of liquidity to large-cap and small-cap tokens. Year to date, the figure is just 3,000 applications. “Post-FTX we have seen liquidity dry as up to 50% on major coins,” Guilhem Chaumont, CEO of Paris-based market maker and brokerage Flowdesk, said in an email. “On smaller market caps, the liquidity reduction has been even worse because Alameda has closed all their support for token issuers and other big market makers have reduced their exposure and activity.” Chaumont said he is advising projects to postpone by three to six months. Flowdesk expects the bear market to be around for another 12 to 18 months. Last month, the recently decentralized exchange dYdX said it was planning to delay its token unlock , which would release more than 150 million tokens to early investors and founders, to December 2023 with hopes that the market will have recovered by then. People familiar with the matter say it is because of concern over market liquidity. Liquidity in bitcoin and ether markets as measured by the 2% market depth has dried up since Alameda went down, making it harder for traders to execute big orders without affecting the market price and for projects to issue new tokens. The 2% depth represents a collection of the buy and sell orders within 2% of the mid-price – the average of the bid and the ask/offer prices being quoted at a given time. Data tracked by Paris-based Kaiko show the 2% market depth for BTC fell to less than 8,000 BTC in January even as the cryptocurrency rallied over 40%. “Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, [CoinDesk sister company] Genesis, Cumberland and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in a November briefing note. Data from Arkham Intelligence shows that balances at key market makers have dropped. Cumberland currently has a balance of $75 million, down from around $220 million in early December; Wintermute has $122 million, compared with $1.7 billion last February and $4 billion at the end of October 2021, when the bull market reached its peak. Amber Group, which jettisoned a sponsorship deal with U.K. soccer team Chelsea in December, has been through multiple rounds of layoffs . Arkham says it currently has a balance of $92 million, down from a peak of about $350 million in mid-2022. This isn\'t necessarily a bad thing, said March Zheng, the co-founder and managing partner of Bizantine Capital. “Crypto markets are cyclical in nature, but it needs stress test conditions like the last few months to prove its resiliency for the long term,” he told CoinDesk in a note. “New token issuance activity has been down, but it gives more opportunity for incumbent and top projects.” Zheng points to developments in Hong Kong as bullish sentiments for the market. Meanwhile, the market continues to rally, with bitcoin pushing past $24.5K during Asian business hours Thursday while shorts were hit with considerable liquidation losses. Important events Blockchain Fest 2023 (Singapore) European Blockchain Convention 2023 (Barcelona) H1HKT/SGT(UTC): China foreign direct investment (Jan./YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Surges to Highest Level Since August; Sam Bankman-Fried\'s Bond Co-Signers Revealed Bitcoin was just shy of $25,000, hitting its strongest level since Aug. 15. Digital asset strategist Joe Orsini shared his market reaction. Plus, prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. Securities Lawyer James Murphy weighed in after Bankman-Fried\'s bond co-signers are revealed. Headlines BUSD Drama Sets Stage for Stablecoin Market Reshuffling : Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets. Crypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain\'s Newest Rigs : The Bitmain Antminer S19j Pro+ machines will increase CleanSpark\'s computing power by 37%. Only 31% of Staked Ether May Be Profitable, Binance Research : Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research. Crypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research\'s Contagion Effects Linger : Data from CoinMarketCap shows a precipitous decline in applications for token listings as liquidity dries up. Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows : NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent.', 'JPEX NEW SOUTH WALES, AUSTRALIA, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Despite the ongoing bear market, the JPEX exchange continues to expand its territories of operations, and constantly upgrades and optimizes its website functions so that desktop and mobile users can enjoy better technological resources. To ensure that clients\' funds are safe, JPEX followed in the footsteps of other mainstream cryptocurrency exchanges by providing PROOF OF CAPITAL RESERVES to allay the fears of traders that the platform will not head in the direction of bankrupt exchange FTX. The On-Chain Data on JPEXs official website shows that two wallet addresses belonging to the exchange have about 9,000 Bitcoins (BTC) in reserve which is equivalent to around $150 million , per current market rates. Additionally, there are several assets locked in different cold pockets (currently going through a third-party audit stage). Once the auditing phase is complete, details of the assets will be disclosed in a future official announcement in addition to a more detailed audit report. About JPEX Exchange The full name of the exchange is JP-EX CRYPTO ASSET PLATFORM PTY LTD. and its operating headquarters is located in Dubai, United Arab Emirates (UAE). JPEX is supervised by Dubai\'s Virtual Assets Regulatory Authority (VARA) and it’s fully compliant with regulatory measures in all the jurisdictions it operates. With a primary focus on blockchain technology and cryptocurrency, JPEX has more than $2 billion in global assets and technology under its management and tags itself as a capital-rich exchange. The business activities of JPEX cover Hong Kong, Malaysia, and Australia. The company uses the cryptocurrency market as its base point and spreads its resources across various industries. A great example of this can be attributed to JPEX spending more than HK $40 million on advertisements in Hong Kong which included contracting a Hong Kong celebrity as a Brand Ambassador . Moreover, JPEX launched an exclusive non-fungible token (NFT) "J-BALL" with Australian Football League (AFL) club Western Sydney Wanderers. Story continues About JPEX Relevant Licenses Since its establishment, JPEX has been constantly applying for the relevant licenses associated with the operation of virtual assets which includes cryptocurrencies. The exchange currently holds licenses from the appropriate regulatory bodies in Canada, Australia, and the United States of America. In Canada , JPEX holds the Canadian MSB Fintrac License which regulates currency trading and currency exchange service enterprises. In the United States of America (USA), JPEX holds the FinCEN MSB financial license which is issued by the Financial Crimes Enforcement Bureau (it falls under the Department of Treasury). Services performed under the license include foreign exchange, international remittance, and currency trading and transfer which includes virtual or digital currency, issuance of initial coin offering (the cryptocurrency version of an initial public offering for centralized companies), advance payment provision, and traveler’s checks issuance. In Australia , JPEX holds an operating license from the Australian Securities and Investments Commission (ASIC). Aside from Asia and North America, JPEX has also entered the European cryptocurrency market. JPEX has applied for the Lithuanian cryptocurrency exchange and wallet operator registration license. As one of the few countries that operate within the European Union and European Economic Area, Lithuania is a member state of the Virtual Asset Service Providers ( VASP ) and is recognized as a traditional financial jurisdiction in Europe for payment and electronic money licensing. On the functioning of our website and mobile applications powered by iOS and Android, JPEX introduced functions such as a multi-signature cold wallet, insurance mechanism, VISA Signature Financial Card, and the metaverse game JP Planet to bolster the interest of existing and potential customers. About the JPEX Exchange Insurance Mechanism To allay all forms of fear of customers, JPEX introduced the user funds insurance mechanism. Due to the waning crypto market and extreme volatility in addition to complexities surrounding the use of crypto wallets, should a JPEX customer lose funds on legitimate grounds, JPEX can pay every user a maximum of 75,000 United States Dollar Tether (USDT) in protection money. The figure stated and reserved as insurance covers 90% of potential fund losses and falls within the international financial requirements designed to safeguard the funds of traders across the globe. While 75,000 USDT is available to all customers, those seeking a part of the insurance package must have completed the exchange\'s Knowing Your Customer ( KYC ) verification process. About JPEX Exchange Multiple Signature Cold Wallet With hackers making off with billions of dollars in stolen money through the compromising of crypto wallets, JPEX has maximized security on the storage of cryptocurrencies using multiple signature cold wallet technology. Generally, in crypto, cold wallets are paired with a set of private keys or passcodes, and it is not available online. As a result, hackers and cybercriminals do not have access to the contents of a particular wallet. The same holds for multi-signature cold wallets but they come with more than a single set of private keys which also guarantees security. This technology helps JPEX maximize the protection of customer assets. About JPEX Exchange \'Best Staking Platform\' Title JPEX has been a major force in the cryptocurrency industry since its establishment in 2020. Since that time, JPEX has headlined many activities in the decentralized finance and blockchain technology sector which includes serving as a Sponsor of the Blockchain FEST in Singapore as well as a Crypto EXPO in Dubai. Such involvement has transitioned JPEX from being seen as an EMERGING exchange to a more mature and ESTABLISHED exchange. About JPEX Exchange VISA Payment Financial Card Function In the first half of 2022, JPEX and Simplex by Nuvei co-launched JPEXxSimplex Visa Transaction Financial Card to help the growing number of cryptocurrency users convert virtual and fiat currency. The card is currently available free of charge through the JPEX website, with the physical cards issued before the end of 2022. Some users have already received physical cards by the end of 2022. The JPEX Visa Card has been made available to European customers first, initially covering France, Germany, Italy and Lithuania. About JPEX Exchange JP Planet Metaverse Game JP Planet is JPEX\'s first metaverse game and the first phase is expected to launch in mid-February 2023. YAMI will be the first NFT series of JPP ecology with 888 characters. Each YAMI will be presented in a unique style and its props and rarity will vary according to character level. To provide users with the ultimate trading experience, JPEX launched an integrated comprehensive trading mechanism including spot trading, contract trading, and copy trading. For the spot trading section , JPEX gathered the world\'s mainstream 100 cryptocurrencies with the largest market capitalization and trading volume and it comes with the lowest fee of 0.04% . For the contract trading section , JPEX screened 30 types of high liquidity coins, with the highest leverage of 200 times. At the same time, JPEX gives a minimum 50% discount on transaction fees and 30 USDT contract experience gold benefits. For copy trading boards , JPEX strictly audits the trader qualifications. Users can choose the right trader according to risk tolerance, principal, return and other parameters to fully automatically copy or semi-manual semi-automatic copy, and pay 10% of the revenue as copy fee. In response to the financial needs of users with different risk tolerance, JPEX launched three (3) types of financial services and they are demand finance, DEFI finance and liquid finance which involve 36 currencies in addition to stablecoins. About Demand Finance It includes BTC, Ethereum (ETH), USDT, United States Dollar Coin (USDC) and other mainstream cryptocurrencies. It provides interest returns ranging from 10% to 23% , and users can choose to deposit 1, 7, 15, and 30 days to receive the corresponding remuneration. JPEX finance earnings come from JPEX EARN\'s automatic arbitrage technology. About DeFi Finance Decentralized finance has taken the world by storm with above-average interest rates. Through JPEX, users can choose a good DeFi platform to pour liquidity and receive consistent passive income while reducing the risk of losses related to personal and professional resources. Due to the uncertainty of engaging with the crypto market, the insurance mechanism is put in place by JPEX to protect customer funds. About Mobile Banking Mobile banking refers to the user depositing cryptocurrencies to provide liquidity to the trading system. JPEX provides additional incentives to reward these liquidity providers (LPs). JPEX also officially launched the platform\'s currency JPC in September 2022 which has a maximum supply of 10 trillion tokens and reached an all-time high (ATH) price of $0.01049 on Feb.2, 2023. In addition to having many functions, holding JPC comes with many perks such as enjoying a significant reduction in transaction fees, and having access to the first subscription offer for newly listed items. To remain competitive in a market whereby more than 20,000 crypto assets search for buyers, JPC continues to carry out periodical token-burning exercises to reduce the number of coins available to JPC holders. In the process, JPC as a token will function as a currency due to its scarcity attribute. JPEX launched LAUNCHPAD to repay the exchange\'s loyal users. Users can subscribe with JPC or USDT for the lottery. In the USDT lottery, users who win will exchange the corresponding percentage of new coins, and if they don\'t win, they will be returned in the same way. To give back to users, JPEX has slated the period January 15, 2023, 00:00 - April 15, 2023, 00:00 (GMT +8) for the YEAR OF THE RABBIT CONTRACT ROYALTY CONTEST. Prizes will be given out to the number of trading profits of USDT local contract trading. The top three (3) leaders in the contract profits will share a total of 150 million JPCs as long as they have fully completed the Know Your Customer (KYC) phase of verification. First Place: 75 million JPC Second Place: 45 million JPC Third Place: 30 million JPC. Conclusion Along with the introduction of cryptocurrency-related regulations in various countries, the crypto market is gradually accepted by more retail investors and institutions. JPEX always\xa0grasps\xa0the trend, constantly improves its functions and services from a development perspective, developing new technologies to provide the ultimate trading services for global traders, and strives to become the industry pioneer. Download now IOS: https://apps.apple.com/hk/app/jpex-wallet/id1559708728 Android: https://play.google.com/store/apps/details?id=com.spark.jpex&hl=en&gl=US&pli=1 Follow JPEX Website: https://www.jp-ex.io/en/zh-HK/home Instagram: https://www.instagram.com/jpex_official/?igshid=YmMyMTA2M2Y= YouTube: https://youtube.com/@jpex-cryptoplatform3904 Facebook: https://m.facebook.com/profile.php?id=100081045860946&_rd Discord: https://discord.com/invite/WwnknX57PG Twitter: https://twitter.com/ExchangeJpex CONTACT: CS Smith JP-EX CRYPTO ASSET PLATFORM PTY LTD cs at jp-ex.io', 'NEW SOUTH WALES, AUSTRALIA, Feb. 16, 2023 (GLOBE NEWSWIRE) --\nDespite the ongoing bear market, the JPEX exchange continues to expand its territories of operations, and constantly upgrades and optimizes itswebsitefunctions so that desktop and mobile users can enjoy better technological resources.\nTo ensure that clients\' funds are safe, JPEX followed in the footsteps of other mainstream cryptocurrency exchanges by providingPROOF OF CAPITAL RESERVESto allay the fears of traders that the platform will not head in the direction of bankrupt exchange FTX. The On-Chain Data on JPEXs official website shows that two wallet addresses belonging to the exchange have about9,000Bitcoins (BTC) in reserve which is equivalent to around$150 million, per current market rates. Additionally, there are several assets locked in different cold pockets (currently going through a third-party audit stage). Once the auditing phase is complete, details of the assets will be disclosed in a future official announcement in addition to a more detailed audit report.\nAbout JPEX ExchangeThe full name of the exchange is JP-EX CRYPTO ASSET PLATFORM PTY LTD. and its operating headquarters is located in Dubai, United Arab Emirates (UAE). JPEX is supervised by Dubai\'s Virtual Assets Regulatory Authority (VARA) and it’s fully compliant with regulatory measures in all the jurisdictions it operates. With a primary focus on blockchain technology and cryptocurrency, JPEX has more than$2 billionin global assets and technology under its management and tags itself as a capital-rich exchange.\nThe business activities of JPEX cover Hong Kong, Malaysia, and Australia. The company uses the cryptocurrency market as its base point and spreads its resources across various industries. A great example of this can be attributed to JPEX spending more thanHK $40 millionon advertisements in Hong Kong which included contracting a Hong Kong celebrity as aBrand Ambassador. Moreover, JPEX launched an exclusive non-fungible token (NFT) "J-BALL" with Australian Football League (AFL) club Western Sydney Wanderers.\nAbout JPEX Relevant LicensesSince its establishment, JPEX has been constantly applying for the relevant licenses associated with the operation of virtual assets which includes cryptocurrencies. The exchange currently holds licenses from the appropriate regulatory bodies in Canada, Australia, and the United States of America.InCanada, JPEX holds the Canadian MSB Fintrac License which regulates currency trading and currency exchange service enterprises.In theUnited States of America (USA),JPEX holds the FinCEN MSB financial license which is issued by the Financial Crimes Enforcement Bureau (it falls under the Department of Treasury). Services performed under the license include foreign exchange, international remittance, and currency trading and transfer which includes virtual or digital currency, issuance of initial coin offering (the cryptocurrency version of an initial public offering for centralized companies), advance payment provision, and traveler’s checks issuance.InAustralia, JPEX holds an operating license from the Australian Securities and Investments Commission (ASIC).\nAside from Asia and North America, JPEX has also entered the European cryptocurrency market.JPEX has applied for theLithuaniancryptocurrency exchange and wallet operator registration license. As one of the few countries that operate within the European Union and European Economic Area, Lithuania is a member state of the Virtual Asset Service Providers (VASP) and is recognized as a traditional financial jurisdiction in Europe for payment and electronic money licensing.\nOn thefunctioning of our websiteandmobile applicationspowered by iOS and Android, JPEX introduced functions such as a multi-signature cold wallet, insurance mechanism, VISA Signature Financial Card, and the metaverse game JP Planet to bolster the interest of existing and potential customers.\nAbout the JPEX Exchange Insurance MechanismTo allay all forms of fear of customers, JPEX introduced the user funds insurance mechanism. Due to the waning crypto market and extreme volatility in addition to complexities surrounding the use of crypto wallets, should a JPEX customer lose funds on legitimate grounds, JPEX can pay every user a maximum of75,000United States Dollar Tether (USDT) in protection money. The figure stated and reserved as insurance covers90%of potential fund losses and falls within the international financial requirements designed to safeguard the funds of traders across the globe. While 75,000 USDT is available to all customers, those seeking a part of the insurance package must have completed the exchange\'s Knowing Your Customer (KYC) verification process.\nAbout JPEX Exchange Multiple Signature Cold WalletWith hackers making off with billions of dollars in stolen money through the compromising of crypto wallets, JPEX has maximized security on the storage of cryptocurrencies using multiple signature cold wallet technology. Generally, in crypto, cold wallets are paired with a set of private keys or passcodes, and it is not available online. As a result, hackers and cybercriminals do not have access to the contents of a particular wallet. The same holds for multi-signature cold wallets but they come with more than a single set of private keys which also guarantees security. This technology helps JPEX maximize the protection of customer assets.\nAbout JPEX Exchange \'Best Staking Platform\' TitleJPEX has been a major force in the cryptocurrency industry since its establishment in 2020. Since that time, JPEX has headlined many activities in the decentralized finance and blockchain technology sector which includes serving as a Sponsor of theBlockchain FESTin Singapore as well as aCrypto EXPOin Dubai. Such involvement has transitioned JPEX from being seen as an EMERGING exchange to a more mature and ESTABLISHED exchange.\nAbout JPEX Exchange VISA Payment Financial Card FunctionIn the first half of 2022, JPEX and Simplex by Nuvei co-launchedJPEXxSimplexVisa Transaction Financial Card to help the growing number of cryptocurrency users convert virtual and fiat currency.The card is currently available free of charge through the JPEX website, with the physical cards issued before the end of 2022.Some users have already received physical cards by the end of 2022.The JPEX Visa Card has been made available to European customers first, initially covering France, Germany, Italy and Lithuania.\nAbout JPEX Exchange JP Planet Metaverse GameJP Planetis JPEX\'s first metaverse game and the first phase is expected to launch in mid-February 2023.YAMIwill be the first NFT series of JPP ecology with888characters. Each YAMI will be presented in a unique style and its props and rarity will vary according to character level.\nTo provide users with the ultimate trading experience, JPEX launched an integrated comprehensive trading mechanism including spot trading, contract trading, and copy trading.For thespot trading section, JPEX gathered the world\'s mainstream100cryptocurrencies with the largest market capitalization and trading volume and it comes with the lowest fee of0.04%.For thecontract trading section, JPEX screened30types of high liquidity coins, with the highest leverage of200times. At the same time, JPEX gives a minimum50%discount on transaction fees and30 USDTcontract experience gold benefits.Forcopy trading boards, JPEX strictly audits the trader qualifications. Users can choose the right trader according to risk tolerance, principal, return and other parameters to fully automatically copy or semi-manual semi-automatic copy, and pay10%of the revenue as copy fee.\nIn response to the financial needs of users with different risk tolerance, JPEX launchedthree(3) types of financial servi
**Last 60 Days of Bitcoin's Closing Prices:**
[16439.68, 16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-17
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $456,034,993,444
- Hash Rate: 321168408.7710616
- Transaction Count: 321260.0
- Unique Addresses: 716489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market is limping into the new year, but the week heading into Christmas brought very modest gains for the two leading coins. As of Saturday morning, Bitcoin (BTC) is up nearly 1% over the past seven days and Ethereum (ETH) is up nearly 4%, according to CoinMarketCap data. Top memecoin Dogecoin faced notably heavier losses this week. The value of one DOGE is 8.8% lower than it was this time last week and it currently trades for $0.077119. Dogecoin’s popularity waned this week when the cryptocurrency’s number one fan, Twitter/Tesla CEO Elon Musk, tweeted a poll asking whether he should step down from Twitter. The majority of respondents, some 10 million people, voted “Yes.” Much yikes, very ouch. Double-digit percentage losses were felt by holders of Solana (SOL), which crashed 15% to $11.86. Cardano (ADA) dropped 13% to $0.259728, Polkadot (DOT) sank 14% to $4.47, Avalanche (AVAX) fell 10% to $11.78, and Quant (QNT) dropped 12% to $105. Ethereum Classic (ETC), Uniswap (UNI), Litecoin (LITE) and Polygon (MATIC) all posted similar losses of around 9%. Finally, there were whispers in Washington this week that the FTX debacle could spell the end of centralized crypto exchanges . The SEC has escalated its assault on the crypto industry via the investigation. The agency is targeting FTX bigwigs for securities fraud by labeling the exchange’s native token FTT as a security. It’s a subtle semantic shift, implying the SEC now views the token as a security in itself regardless of how it was marketed to consumers. With another year about to close, it’s worth zooming out and considering where 2022 fits into the crypto narrative. It was another rollercoaster year, but unlike the heady peaks of 2021, this was most certainly a painful trough for everyone in the industry in some way or another. Bitcoin more than halved over the course of the year (though there's still a week left for a miracle to happen) while Ethereum depreciated by a factor of three . Such heavy losses among the two market leaders obviously didn’t bode well for the wider market, either. Story continues But this was a year in which the industry needed to learn important lessons, and learn them it did, through a tried-and-tested, ancient method: failure. Central to the 2022 bear run were the historic collapses of the Terra ecosystem (both LUNA and its algorithmic stablecoin UST) and the centralized FTX exchange . The contagion from both events spread far across the industry, bankrupting many firms and providing us with case studies in what not to do. Interestingly, Bitcoin’s popularity among retail investors—regular Joes as opposed to institutional investors, like Tesla and MicroStrategy—exponentially grew over the course of the year. In 2020, just 12% of the total supply was in the people’s hands, but by now, that figure has blown up to a little over 17% , an all-time high proportion....
- Reddit Posts (Sample): [['u/anyemptyplace', 'More information on the merger: HUT 8 Corp. files S-4 form - it includes financial info and hash-rate/bitcoin mined numbers for the merger company: U.S. Bitcoin.', 14, '2023-02-17 00:13', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/', "[Here](https://www.sec.gov/Archives/edgar/data/1964789/000110465923019807/tm235928-1_s4.htm#) is a link to the filing.\n\nIncludes some important information on getting an idea of what kind of company USBTC is in terms of debt, cash, bitcoin mined numbers, stack, etc...\n\n[Here's](https://i.imgur.com/90dcfa4.png) an interesting little sample...", 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/', '11445qq', [['u/coffeepoop101', 11, '2023-02-17 00:42', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8u6udw/', 'So USBTC has no btc holdings, no cash and a shit ton of debt. Nice....', '11445qq'], ['u/coffeepoop101', 15, '2023-02-17 01:12', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8ub2u4/', "I went straight for the balance sheet and income statement so can't provide any more info than that. Basically USBTC mines roughly 200 BTC a month but sells it all so they have 26 BTC stacked as of Jan 31st. 5M cash left and 160M of debt. They're basically Hut8 but with a shitty balance sheet. I have no idea how they came to the conclusion of a 50/50 merger of equals...", '11445qq'], ['u/Federal-Donut', 10, '2023-02-17 01:19', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8uc2om/', "I agree, I don't understand why it's a merger of equals. They need HUT to survive.", '11445qq']]], ['u/slvbtc', 'What is to stop Visa or Mastercard from getting into lightning?', 10, '2023-02-17 03:09', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/', 'Visa and Mastercard are just payment processors, they help merchants accept money from customer bank accounts by using card credentials to verify money flows from a customers bank account to a merchants bank account. When you buy something they take your card details and move money from your account to the merchants account.\n\nVisa and Mastercard could very easily add a lightning invoice option next to their card credential option. They would take money in the form of data (satoshis) instantly and directly, then use their global forex infrastructure to turn those sats into the local currency and deposit that currency into the merchants bank account. This could be done with in-house infrastructure or simply through partnerships and APIs with companies like strike.\n\nIf Visa and Mastercard do nothing they will become exceedingly irrellevant as digital currency payments start to dominate global commerce. But if they integrate lightning payments now they may end up becoming the worlds largest facilitator of lightning payments allowing them to remain relevant. With their already established global reach they could incorporate lightning payments, turn on that capability and overnight 99.9% of merchants on earth would be accepting lightning through their POS terminals and online checkouts without even knowing it, the merchants would just continue to recieve dollars in their bank account as per usual.\n\nThere should not be too much of an issue with AML and KYC for accepting sats and if there is there should be a smaller amount that is exempt from these regulations. For example if your purchase is over $1000 you cant use lightning because identity and origin of funds are unknown but for anything under $1000 people are free to pay with lightning without any party having to worry about any type of regulatory friction. This payment size limit would also tie into the diminimis use exemption for taxes that some US politicans are working on that would allow smaller transactions under $1000 to be free from capital gains tax and record keeping requirements.\n\nIt seems to me like Visa and Mastercard as the worlds globally dominant payment processors need to figure out how to accept lightning invoices alongside card credentials in order to remain relevant. Otherwise as time passes and the world integrates lightning into cashapp twitter nostr paypal and all neo banking apps while Visa and Mastercard do not adapt the world will simply start using lightning more and more while using their cards less and less until Visa and Mastercard are as irrelevant as telephone booths.\n\nVisa and Mastercard need to figure out how to integrate accepting lightning invoices alongside card credentials. Its possible to do and they will do it, its just a question of how long it takes them to adapt to the modern world. Its even highly likely they already have plans in the works for this type of integration. Afterall if the world wants to use lightning and Visa and Mastercard do not process those payments for merchants then they risk going out of business all together over the coming decade.\n\nVisa and Mastercard processing lightning payments for merchants is just a matter of time. I know people here do not like the idea of Visa and Mastercard doing this and they think merchants should just accept sats directly, but if Visa and Mastercard do integrate lightning payment processing for merchants then that drives adoption beyond belief. All of a sudden every bank on earth will be under pressure to allow customers to pay via lightning invoices from their banking apps, and every bitcoiner with a lightning wallet would be able to pay any merchant on earth. This one move by Visa and Mastercard would make bitcoin and lightning the worlds global payment infrastructure overnight!', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/', '1147w6l', [['u/Umpire_State_Bldg', 11, '2023-02-17 03:27', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/j8ut50a/', '> turn those sats into the local currency \n\nLocal currencies are doomed; Bitcoin has made fiat currency obsolete. \n\nLocal currencies are "going bye-bye" and never coming back.', '1147w6l']]], ['u/AutoModerator', '[Daily Discussion] - Friday, February 17, 2023', 39, '2023-02-17 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/', '114b5k7', [['u/Super_Extreme', 26, '2023-02-17 08:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8vq4yh/', 'China missed banning Bitcoin, so it will unban it so that it can ban it again.', '114b5k7'], ['u/UpdomeAhom76', 10, '2023-02-17 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8vueg1/', 'Was that Hong Kong news legit?', '114b5k7'], ['u/haikusbot', 19, '2023-02-17 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wrtgf/', '*Interesting spx*\n\n*Seems to be breaking down and*\n\n*We are going up*\n\n\\- PatientlyWaitingfy\n\n---\n\n^(I detect haikus. And sometimes, successfully.) ^[Learn&#32;more&#32;about&#32;me.](https://www.reddit.com/r/haikusbot/)\n\n^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")', '114b5k7'], ['u/GenghisKhanSpermShot', 13, '2023-02-17 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wv9dc/', "Look where [BTC is perched](https://www.tradingview.com/x/hVsbMTtn/), like a bird on a wire, c'mon birdy you can do it.", '114b5k7'], ['u/zberg69420', 21, '2023-02-17 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wv9sc/', 'Fuck tradfi and their market opening hystrionics. Time to do some BTC things. Go you beautiful bastard', '114b5k7'], ['u/AccidentalArbitrage', 11, '2023-02-17 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wxgt0/', 'Karma farming duplicate content spam bot. You all know the drill.\n\nHopefully we can get these spammers to stay out of our sub if they notice we always call them out and destroy their karma, the exact opposite of what they are trying to achieve.', '114b5k7'], ['u/xtal_00', 15, '2023-02-17 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x0zqg/', 'Looking for a 25k test today.\n\nKnock knock.', '114b5k7'], ['u/Jip1210', 11, '2023-02-17 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x1rx6/', 'Not saying it will happen, but a few Fridays recently have had big moves up on volume that started slowly and really got going in the afternoon/evening. Could play out again.', '114b5k7'], ['u/ccgirl21', 12, '2023-02-17 17:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x9mbf/', 'MACD about to turn positive. We either hold or go higher. I think higher because no resistance nearby.', '114b5k7'], ['u/viralhysteria', 25, '2023-02-17 17:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8xb0m5/', 'I try not to post "lazy charts" with almost nothing on them but I feel like this bears some meaningful significance \n\n[https://i.imgur.com/h0RWzsQ.jpg](https://i.imgur.com/h0RWzsQ.jpg) \n\nbesides breaking the 3d kumo cloud (I cherry picked the 3d because the 1w cloud is a bit higher at 28k and we\'ve long breached the 1d), this is the first time we\'ve had a close above avwap from ATH \n\nplease let me know if you think my post is "too lazy" and I will remove it. \n\nI\'m generally staying flat today as far as trades go simply out of exhaustion.', '114b5k7'], ['u/Jip1210', 13, '2023-02-17 17:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8xbhn5/', "A lot better than a lot of the posts, I think you're good!", '114b5k7'], ['u/viralhysteria', 18, '2023-02-17 17:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8xcr1p/', 'thank you for the reassurance. I hesitated posted in these threads in general for two cycles or so to make sure I had half a clue about what was coming out my mouth first.', '114b5k7'], ['u/Jip1210', 12, '2023-02-17 18:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8xf5c3/', "Respect for showing some decorum and restraint. Insight and analysis, even if it's brief, is always welcome. Shitposts, shilling, one word posts can fuck off.", '114b5k7'], ['u/xtal_00', 18, '2023-02-17 18:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8xfuad/', "Took profit on my position; \\~24350 \\~26% isn't a bad days work.\n\nWait to see what the test of 25k looks like. Will buy back on a revisit to 24k.", '114b5k7'], ['u/xtal_00', 11, '2023-02-17 18:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8xg9cd/', '!lntip 1000\n\nQuality content. Cheers.', '114b5k7'], ['u/xixi2', 11, '2023-02-17 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8y3xjt/', 'Really impressive recovery.... Stocks are going to be lucky to close flat on the week and bitcoin is +13%', '114b5k7'], ['u/jpdoctor', 11, '2023-02-17 21:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8y8ey5/', '>How can she pump?\n\nMore buyers than sellers. Next question?', '114b5k7'], ['u/xtal_00', 16, '2023-02-17 21:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8y8gl0/', "There's no more coins at these price levels.\n\nThere's no paper coins being sold and then shorted.\n\nThere's no FTX.\n\nLions, Tigers, and Bears, oh my!", '114b5k7'], ['u/ubermensch012', 12, '2023-02-17 21:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8y8li5/', "if this 15m goes parabolic might as well say goodbye to 25k. I'm still heavy on alts, DOT already broke out, LINK looks like it's about to follow soon. What makes you think the King won't be following this PA?", '114b5k7'], ['u/_TROLL', 15, '2023-02-17 21:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8y9ayg/', '> How can she pump?\n\nSam Bankman-Fried is out of bitcoins to fraudulently sell, out of amphetamines, and out of options.', '114b5k7'], ['u/ChadRun04', 13, '2023-02-17 21:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yckxy/', "The stacked up liquidity in asks at 25.2k - 25.4k is the next move.\n\nIf someone starts buying into it, then shit ain't gunna stop any time soon (once everyone dives on the momentum and volume).\n\nhttps://i.imgur.com/af9TNfg.png", '114b5k7'], ['u/ChadRun04', 14, '2023-02-17 21:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8ye7zu/', "25 to 25.2 = Potential mean reversion.\n\n25.5 to 26 = FOMO zone.\n\nIf we hit 25.5 then we're probably not stopping before 27.", '114b5k7'], ['u/macphisto23', 15, '2023-02-17 23:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8ypaqk/', '25k is one tough cookie', '114b5k7'], ['u/xtal_00', 14, '2023-02-17 23:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8ypdr9/', 'When it finally goes, it might be gone for good.', '114b5k7'], ['u/S28E01_The_Sequel', 10, '2023-02-17 23:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yq0nw/', "Looks like we're entering [Phase D](https://www.bitcoinschmitcoin.com/wp-content/uploads/2018/02/wyckoffaccumulation.png) to me, but that's the problem with any patterns... you can zoom in and out and find almost every option to convince yourself every which way.", '114b5k7'], ['u/InLimbo21', 25, '2023-02-17 23:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yq8gp/', 'Bitcoin is trading like old school bitcoin since the FTX collapse. Way more volatility, its great!', '114b5k7'], ['u/zberg69420', 13, '2023-02-17 23:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yqkjy/', 'Ya the volatility with a slight uptrend is definitely preferable to the previous constantly bleeding to death from people selling borrowed BTC', '114b5k7'], ['u/bubblesmcnutty', 12, '2023-02-17 23:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yrvpg/', 'Dips just getting gobbled up, huh?', '114b5k7'], ['u/DEEPFIELDSTAR', 15, '2023-02-17 23:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8ysbzu/', 'Reminds me of the old BTC-E days.', '114b5k7'], ['u/DEEPFIELDSTAR', 16, '2023-02-17 23:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yt7yk/', 'Now this is gentlemen racing!', '114b5k7'], ['u/pgpwnd', 31, '2023-02-17 23:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yuku8/', 'Imagine society if SBF never existed.', '114b5k7'], ['u/xtal_00', 13, '2023-02-17 23:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8yv5n9/', '…wish I took a bigger nibble', '114b5k7']]], ['u/InsaneMcFries', 'The implications of the halvening, it’s “predictable” cycle, and the eternal question of “will this time be different?”', 25, '2023-02-17 06:22', 'https://www.reddit.com/r/CryptoCurrency/comments/114bjpo/the_implications_of_the_halvening_its_predictable/', 'What’s the best way to surprise past crypto investors familiar with the halvening and its generally consistent 4-year cycle?\n\nIf we were to enter a full on bull-run much earlier than expected, before the halvening, and in negatively-biased economic circumstances amid continuing FUD. It’s genius really if the market makers play this scenario out.\n\nOf course, what other surprises could this bring? Imagine then afterwards some sort of bear market post-halvening for the first time ever. Be ready for some potential shake ups in the next few years as we already got a double peak in the 2021 bull. This was different to 2013’s double peak in many ways like only a 5k BTC max price difference rather than a huge leg up afterwards. Not to mention the 2020-2021 run was actually a bit earlier than expected from past runs as well.\n\nOf course, this results in our eternal question each cycle: “Is this time different?”\n\nOnly time will tell.', 'https://www.reddit.com/r/CryptoCurrency/comments/114bjpo/the_implications_of_the_halvening_its_predictable/', '114bjpo', [['u/No-Specialist6273', 32, '2023-02-17 06:24', 'https://www.reddit.com/r/CryptoCurrency/comments/114bjpo/the_implications_of_the_halvening_its_predictable/j8vdj00/', 'It will be different, this time we have Keanu Reeves', '114bjpo'], ['u/aliensmadeus', 10, '2023-02-17 07:10', 'https://www.reddit.com/r/CryptoCurrency/comments/114bjpo/the_implications_of_the_halvening_its_predictable/j8vhs8e/', '"this time will be different" lost me a lot of money', '114bjpo']]], ['u/SimplyShred', 'Loans and cell holders screwed under plan and anyone over $5k', 14, '2023-02-17 06:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/114c27t/loans_and_cell_holders_screwed_under_plan_and/', 'This plan is devastating and a quick buy out to buy votes for everyone under $5k to get 70% back\n\nNova is trying to buy Cel at 0.2? Instead of 0.81 at filling date - which they have decided to value all coins at. \n\nOn Twitter spaces this issue is being heavily downplayed. What about all the people who had to pay taxes, got conned. \n\nWe all support that insiders should be punished as they took out millions and cashed and prompted up millions into Cel to dump \n\nHowever for someone like myself who has loans and had to over collateralize them to stop the BTC backed loans to be liquidated.. there is very little transparency. I had the funds to release the loans and now we cant? \n\nNova is trying to lock in loans for 5 years and back it by ETH at like 8-12%? This is predatory and criminal. No chance to relieve loans early?\n\nThis is absolutely brutal - we should have just went to chapter 7 and honour filling date and not roll the dice. No body sees the business model - mining isn’t profitable, there is no guarantee they would get licenses. The equity coins are hypothetical. \n\nThey want to loan shark 8-12% of our collateral as hostage to fund their management and with people defaulting they just keep it \n\nI get no plan is perfect, but this is putting lipstick on a pig \n\nThe UCC has sold us out on false promises', 'https://www.reddit.com/r/CelsiusNetwork/comments/114c27t/loans_and_cell_holders_screwed_under_plan_and/', '114c27t', [['u/ScalePsychological58', 16, '2023-02-17 09:55', 'https://www.reddit.com/r/CelsiusNetwork/comments/114c27t/loans_and_cell_holders_screwed_under_plan_and/j8vusb9/', 'To be fair, I am surprised they are paying anything for CEL. I personally think that money should have gone into paying more towards other assets. To my knowledge, Mashinsky is - or the Mashinkys are, rather - the largest holder(s) of CEL token.', '114c27t']]], ['u/rBitcoinMod', 'Daily Discussion, February 17, 2023', 43, '2023-02-17 07:07', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/113kkte/lightning_thursday_february_16_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/', '114cb5i', [['u/avance70', 10, '2023-02-17 10:15', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8vw9fj/', "some services expect 6 confirmations (new blocks after yours), it can take around an hour if that's the case; just check the number of new blocks after your transaction", '114cb5i'], ['u/Llonga', 10, '2023-02-17 10:51', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8vytp2/', 'Another chance for the UK to buy under £20K. OFFER ENDS SOON.', '114cb5i'], ['u/MrRGnome', 13, '2023-02-17 13:22', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8wb0hy/', "This is your daily reminder that you should not trust, verify!\n\nToday let's talk about exchanges. If you care at all about avoiding the systemic risks shitcoins pose to the ecosystem, individuals and companies, stop enabling exchanges that promote shitcoins and take ICO pay to shill misinformation. More than that, when a company says they are Bitcoin only like Strike or Swan **verify** if it is true! You will find for example with both of these outspoken companies that their users are exposed to third party custody by Prime Trust, which implicitly exposes users to billions of dollars in shitcoin liabilities.\n\nBitcoin is full of companies that talk the talk. Verify they walk the walk and don't give them your business if they don't!", '114cb5i'], ['u/escodelrio', 15, '2023-02-17 13:41', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8wcx65/', 'Historical Bitcoin\xa0prices for today, February 17th:\n\n2023 - $23,758\n\n2022 - $40,559\n\n2021 - $52,127\n\n2020 - $9,706\n\n2019 - $3,662\n\n2018 - $11,092\n\n2017 - $1,053\n\n2016 - $416\n\n2015 - $244\n\n2014 - $621\n\n2013 - $27\n\nVia [Twitter](https://twitter.com/btchistorical/status/1626537187763183618)', '114cb5i'], ['u/omx5o', 12, '2023-02-17 14:07', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8wfrkb/', 'Hmm, time for some six digits methinks.', '114cb5i'], ['u/thadiusb', 11, '2023-02-17 17:29', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8x84ly/', 'Bitcoin is awesome.', '114cb5i'], ['u/paperraincoat', 11, '2023-02-17 18:13', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8xeyka/', '>And this is the currency of the future?\n\n\nYes. Did you know that actual bank/merchant settlement of a credit card purchase takes 60-90 days before it can’t be reversed? \n\n\n‘But I want to just boop my phone to pay for groceries!’\n\n\nThat’s the Lightning Network, read up.', '114cb5i'], ['u/pink_raya', 12, '2023-02-17 18:37', 'https://www.reddit.com/r/Bitcoin/comments/114cb5i/daily_discussion_february_17_2023/j8xiwrl/', 'lmao anyone needs more proof that buttcoiners are bankers?\n\n"Let me help you. If you sell your iPhone to another person that is "changing owners". If you use iPhone to take pictures that is "using iPhone". If you give your girlfriend a 100 USD, that is "changing owners". If you pay your bank loan with 100 USD this is "using dollars"', '114cb5i']]], ['u/sylsau', 'Stop investing in Bitcoin. Start Saving and Living in Bitcoin.', 103, '2023-02-17 07:47', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/', "Bitcoin was created in 2008 by Satoshi Nakamoto with a specific goal in mind: to take the control of money out of the hands of the state.\n\nBitcoin aims to give you back the power over money.\n\nIn fact, Bitcoin is not just another investment as some people still believe. Bitcoin is a monetary revolution that you must fully embrace to change your life for the better.\n\nThis means you need to stop investing in Bitcoin, and instead, see Bitcoin as the best savings technology available to you. Save the fruits of your labor in Bitcoin and live within the Bitcoin standard.\n\nThis means looking for a way to get paid in Bitcoin if possible.\n\nThis may seem excessive to some living in the Western world, but what is happening today in emerging countries like Lebanon (look at protesters furious having not access to their own savings. The value of the Lebanese pound has dropped by more than 98% since 2019), Nigeria (the government tries to impose its eNaira), and Argentina (hyperinflation is the norm for decades) shows you what is in store if you don't embrace the Bitcoin revolution before it's too late.\n\nToo late? Unfortunately yes, because today in Nigeria we can see the difference between those who had anticipated the collapse of the current system and those who now see their governments and banks doing everything to censor them from switching to Bitcoin.\n\nOf course, it's never too late to do the right thing and you don't need the banks' permission to switch to Bitcoin. However, once governments impose their CBDCs via their central banks and cash is practically history, your options for converting the fruits of your labor into Bitcoin will be much more limited.\n\nYou will be stuck in the debt-based fiat system.\n\nFor these reasons, I think it is essential to protect the fruits of your labor while it is still possible. To do this, there is only one thing to do: stop investing in Bitcoin, and start saving and living in Bitcoin.\n\nIt will make a big difference in your future life because it will totally change your current expectations about Bitcoin's price and your time horizon. You will understand that there is no need to wait for dips to buy Bitcoin, and there is no need to be stressed about the price of Bitcoin in the short term.\n\nBitcoin is your peaceful weapon to exit the debt-based fiat system that is flawed and not fixable. It's up to you to use this weapon fully to protect your future.", 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/', '114cykp', [['u/Arncht', 10, '2023-02-17 11:46', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/j8w2r9n/', "Nice piece. I fully agree on the idea to save in Bitcoin - but living on Bitcoin isn't (for now, or ever maybe ?) doable for everyone right now imo. \n\nIt seems to me that Bitcoin is getting more and more a store of value status and that's something already huge. Question is, in this case, can we spend something which is considered as a SoV ? \n\nFind this subject trully amazing, really curious about everyone's opinion !", '114cykp'], ['u/SecularAdventure', 28, '2023-02-17 12:56', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/j8w8j5g/', 'Try posting some solutions next time instead of professing problems.', '114cykp'], ['u/Lam7r', 39, '2023-02-17 13:07', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/j8w9i02/', 'Saving in and living in are completely different in the current time. To save in BTC is easy, I do this daily. To live in BTC is too hard rn. My salary is fiat with no option to change, my bills and living expenses are in fiat, there are no providers available that accept BTC. \n\nTo live salary -> expenses -> savings means essentially going Fiat -> BTC -> fiat - > BTC and each time losing some value to conversion', '114cykp'], ['u/void_evilness', 11, '2023-02-17 13:30', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/j8wbrz2/', 'I live in korea and no vendor accepts bitcoin as payment', '114cykp'], ['u/x2c3v4b5', 12, '2023-02-17 13:53', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/j8we62c/', 'I don’t “invest” in the alternative, thermodynamically conservative, and distributed Bitcoin monetary system/network which has a decentralized accounting ledger, which allows self-sovereignty of my economic energy, and which is tethered to physical reality via real energy (proof of work).\n\nRather, I divest out of fiat trash coin which is really a virtual shit coin just like 99.999% of all other crypto-trash projects that are untethered from physical reality (proof of stake) which can be inflated to infinite which must occur mathematically in order to prevent insolvency of institutions of the grandest scale; thus, reducing its purchasing power over time into perpetuity and enslaving the general population to the general labour market as their working wage can never outpace the rate of decay of their purchasing power.\n\nBitcoin is life. Fiat is the real scam. But most people won’t agree and won’t understand. The very premise of fractional reserve banking implies that it is a fraudulent system because it’s all fake fiat trash money backed by a very small amount of assets. If everyone lined up at the banks to get their money, the banks couldn’t honour their debt obligations to their clients because they are running over-leveraged businesses by definition (fractional banking). Fuck fiat virtual coin.\n\nIn terms of usage, the user experience must improve greatly while adoption is still early and gaining momentum. I will keep accumulating more BTC every two weeks regardless of market conditions and I hope to be able to use it effortlessly in society within the next 10 years. We are early still.', '114cykp'], ['u/story_hunter', 10, '2023-02-17 15:44', 'https://www.reddit.com/r/Bitcoin/comments/114cykp/stop_investing_in_bitcoin_start_saving_and_living/j8ws8lh/', 'exactly, we need more adoption for this to change', '114cykp']]], ['u/okhzmuskhsm', 'Craig was granted a patent last year that states BTC is bitcoin', 13, '2023-02-17 08:10', 'https://www.reddit.com/r/bsv/comments/114dbua/craig_was_granted_a_patent_last_year_that_states/', '[https://patentimages.storage.googleapis.com/7d/4f/ec/3bf1ddb38cc12b/US11373152.pdf](https://patentimages.storage.googleapis.com/7d/4f/ec/3bf1ddb38cc12b/US11373152.pdf)', 'https://www.reddit.com/r/bsv/comments/114dbua/craig_was_granted_a_patent_last_year_that_states/', '114dbua', [['u/NervousNorbert', 17, '2023-02-17 08:20', 'https://www.reddit.com/r/bsv/comments/114dbua/craig_was_granted_a_patent_last_year_that_states/j8vnmp0/', '> Firstly, the cryptocurrency may have a minimum denomination amount, and for example, Bitcoin has a minimum amount of one satoshi (where 1 bitcoin (BTC ) = 10,000,000 satoshi).\n\nGood news, we all have ten times more bitcoin than we thought!', '114dbua'], ['u/anjin33', 11, '2023-02-17 08:29', 'https://www.reddit.com/r/bsv/comments/114dbua/craig_was_granted_a_patent_last_year_that_states/j8vo9y8/', 'Damn interns!', '114dbua']]], ['u/MoneroFox', 'MoneroRun on April 18th (audit of reserves)', 88, '2023-02-17 08:37', 'https://www.reddit.com/r/Monero/comments/114dqgq/monerorun_on_april_18th_audit_of_reserves/', "MoneroRun - annual independent user's audit of reserves \n\nIt's up to you! ... exchanges will not do it voluntarily on their own.\n\nSome exchanges (and other services) are suspicious that they only hold fractional XMR reserves. Like these ones: **Kucoin, Coinex, Gate, BitHash**, ... So it is necessary to withdraw your XMR coins (before April 18th) and keep them in your wallet and so audit their reserves.\n\nOf course, it is also advisable to check others that appear reliable. Like Kraken, TradeOgre, Bitfinex, ... Reliable exchanges have maintenance completed in an hour, they replenish their hot wallet continuously, they don't do surprise KYC and they do not close withdrawals for long time while deposits are open.\n\nMoneroRun (independent user's audit of reserves) does not apply to exchanges, which have been proven several times to not have 100% reserves, like **Poloniex, OK(e)X, Binance, HitBTC, FMFW, NiceHashExchange (NiceX)**, ... In case of any major event, these exchanges close XMR withdrawals for a longer period of time (days, weeks, months), complaining about an empty hot wallet, technical issues, network congestion, stuck transactions, KYC, necessary maintenance (however, deposits are still operational) and the like.\n\n🚫 **It is best not to touch these fraudulent exchanges at all!** ☠☢☣\n\nMost of the instant exchanges, payment gateways and similar services are directly connected to these dubious CEx and thus have problems together with them, these are for example: EasyBit, Changelly, FixedFloat, ChangeNow, ...\n\nAnd we have seen that exchanges do not had all XMR in reserve when delisting (Huobi, Waves, Bittrex, Newton, ...). Users always had trouble to withdraw their remaining coins.\n\n🥳 **Celebrate Monero's birthday by having all your coins in your own wallet!** 💰 \n\n(from 00:00 to 23:59 UTC on April 18th)\n\n*Note: With 100% reserves, there is no reason for coin withdrawals to be held up for hours (days, weeks, ...) and also no reason for trading volumes to skyrocket on some exchanges (as we saw last year in April on Binance).*", 'https://www.reddit.com/r/Monero/comments/114dqgq/monerorun_on_april_18th_audit_of_reserves/', '114dqgq', [['u/pet2pet1982', 23, '2023-02-17 09:34', 'https://www.reddit.com/r/Monero/comments/114dqgq/monerorun_on_april_18th_audit_of_reserves/j8vtakb/', 'Immediately and always, always and forever, withdraw all your funds from all centralised entities. Notion of Crypto is Fundamentally incompatible wilt all that centralised. Fundamentally. Say it all your friends and share at social media.', '114dqgq'], ['u/POVTips', 13, '2023-02-17 13:13', 'https://www.reddit.com/r/Monero/comments/114dqgq/monerorun_on_april_18th_audit_of_reserves/j8wa4l9/', 'From above-mentioned services I have account only on Binance so I will buy and withdrawal there. Even though we know they sell air.', '114dqgq'], ['u/MoneroFox', 14, '2023-02-17 13:46', 'https://www.reddit.com/r/Monero/comments/114dqgq/monerorun_on_april_18th_audit_of_reserves/j8wdf0e/', '> I have account only on Binance so I will buy and withdrawal there.\n\nI wish you the best of luck on your dangerous mission.', '114dqgq']]], ['u/anonymoushiro', 'The Silver Lining: Why the Bullish Silver Price is the Once in a Lifetime Investment You Need Right Now', 24, '2023-02-17 10:55', 'https://www.reddit.com/r/Wallstreetsilver/comments/114fprj/the_silver_lining_why_the_bullish_silver_price_is/', "Are you tired of the same old investment options? Sick of hearing about Bitcoin and the latest fad stocks? Well, it's time to turn your attention to something shiny and new: silver.\n\nThat's right, the silver price is currently experiencing a bull run like never before, and you don't want to miss out on this once in a lifetime opportunity. With the Federal Reserve printing money like it's going out of style and banks keeping interest rates at rock bottom, there's never been a better time to invest in precious metals.\n\nBut why should you choose silver over gold, you ask? Well, for one thing, silver is significantly more affordable than its more glamorous cousin. Plus, silver has a wide range of industrial uses, from electronics to solar panels, which means its demand is only going up.\n\nAnd let's not forget the most important reason of all: silver is simply more fun. Who wants to invest in boring old stocks when you can own a physical piece of a precious metal that sparkles in the sunlight? It's like having your own personal treasure trove.\n\nOf course, some people will try to convince you that Bitcoin is the future of investing. But let's be real, who even knows what Bitcoin is? It's like trying to explain the plot of Inception to your grandma. With silver, you know what you're getting: a shiny metal that's been treasured by humans for thousands of years.\n\nSo go ahead, take the plunge and invest in silver. Just make sure to keep it locked up tight, or your friends might mistake it for their grandma's heirloom silverware.\n\nI use bullionstar.com because I have Ethereum to sell. Yes they accept cryptocurrency.\n\nIn conclusion, the bullish silver price is a once in a lifetime opportunity that you don't want to miss. So forget about Bitcoin and the stock market, and join the silver rush. Who knows, it might just be your lucky break.", 'https://www.reddit.com/r/Wallstreetsilver/comments/114fprj/the_silver_lining_why_the_bullish_silver_price_is/', '114fprj', [['u/faust119', 12, '2023-02-17 15:06', 'https://www.reddit.com/r/Wallstreetsilver/comments/114fprj/the_silver_lining_why_the_bullish_silver_price_is/j8wmwn4/', 'I like PMs but this guy must live in a state where pot is legal.', '114fprj']]], ['u/BetTheDip', 'BTC flipping Gold. WEN?', 59, '2023-02-17 12:46', 'https://www.reddit.com/r/Bitcoin/comments/114igme/btc_flipping_gold_wen/', '&#x200B;\n\nhttps://preview.redd.it/wpoalbypkqia1.png?width=1291&format=png&auto=webp&v=enabled&s=ea811ca8d4b802fa2f85b150736e10a3baafff55', 'https://www.reddit.com/r/Bitcoin/comments/114igme/btc_flipping_gold_wen/', '114igme', [['u/Esco-RP', 39, '2023-02-17 13:00', 'https://www.reddit.com/r/Bitcoin/comments/114igme/btc_flipping_gold_wen/j8w8vo3/', '04/14/2029\n\nMy coffee grounds told me.\n\nNo financial advise though.', '114igme'], ['u/soarky325', 15, '2023-02-17 14:56', 'https://www.reddit.com/r/Bitcoin/comments/114igme/btc_flipping_gold_wen/j8wlp35/', "I'd imagine it gets closer when the governments start trying to force issue CBDC and eliminate cash", '114igme'], ['u/Sofa_king_disco', 14, '2023-02-17 19:23', 'https://www.reddit.com/r/Bitcoin/comments/114igme/btc_flipping_gold_wen/j8xq3s6/', "The fourteenth month immediately follows the month when all you Europeans finally give up and surrender to American conventions. It doesn't matter if yours make more sense, we will win by the unbridled power of our stubbornness. We won't give up until the metric system is dead, and everyone calls it soccer. Resistance is futile. Mwahahahaha!", '114igme'], ['u/slvbtc', 17, '2023-02-17 21:15', 'https://www.reddit.com/r/Bitcoin/comments/114igme/btc_flipping_gold_wen/j8y7il8/', 'Global financial crisis 2.0 starts now in 2023. Bitcoin decouples from risk assets and starts following safe haven assets like gold. Gold rises 3x to $6,000 and bitcoin matches golds market cap at $1.5m.\n\nThis happens by 2026.', '114igme']]], ['u/Chysce', "PORTFOLIO EXPERIMENT - Reddit's Most and Least Popular Coins - Month 3", 66, '2023-02-17 12:51', 'https://www.reddit.com/r/CryptoCurrency/comments/114ijn4/portfolio_experiment_reddits_most_and_least/', 'Three months ago 3 portfolios were created in order to test the hypothesis that redditors are poor investors.[https://www.reddit.com/r/CryptoCurrency/comments/zdnesq/portfolio\\_experiment\\_reddits\\_favorite\\_coins\\_vs/](https://www.reddit.com/r/CryptoCurrency/comments/zdnesq/portfolio_experiment_reddits_favorite_coins_vs/)\n\nThe portfolios consist of five coins that are highly favored by people here and five that are widely disliked. In order to provide a reference point for comparing these portfolios, a control portfolio was established with an even split of 50% Bitcoin and 50% Ethereum.\n\nResults after one month can be seen here [https://www.reddit.com/r/CryptoCurrency/comments/1032esd/portfolio\\_experiment\\_reddits\\_favorite\\_coins\\_vs/](https://www.reddit.com/r/CryptoCurrency/comments/1032esd/portfolio_experiment_reddits_favorite_coins_vs/)\n\nBelow are the results after 3 months:(starting from $100 per portfolio):\n\n* Control $136.89\n* Good Boys $128.51\n* Bad Boys $152.21\n\nAnd a more detailed version:\n\n[Detailed porfolio comparison](https://preview.redd.it/h8gfunnvkqia1.png?width=925&format=png&auto=webp&v=enabled&s=72bbea71c163656872693e4dc1f9bfa31cc2f446)\n\nBelow you can see the price movement over the course of 3 months: \n\n[Price movement of 3 porfolios over the course of 3 months](https://preview.redd.it/7xj0gl40lqia1.png?width=808&format=png&auto=webp&v=enabled&s=2f7a614399ab89db57b95dfbe8166d3f273c929e)\n\nObservations:\n\nAs was expected all portfolios moved pretty much in sync. With ALT portfolios having greater swings. Contrary to previous months where good and bad portfolios were pretty much equal, now we can see a significantly better performance of "bad" portfolio. \n\nThe return on bad portfolio was almost double when compared to good one.\n\n* Good +28.5%\n* Bad +52.21%\n\nIndividual performance\n\n* Best HEX +45.3% (Richard Heart would be proud)\n* Worst XMR -11.6%\n\n***Conclusion - So far in an uptrending market greater risk gives greater reward. This is however a long term experiment so it is still quite early to declare the definitive winner.*** \n\nPeace :)', 'https://www.reddit.com/r/CryptoCurrency/comments/114ijn4/portfolio_experiment_reddits_most_and_least/', '114ijn4', [['u/HedgeFundsHateMe', 13, '2023-02-17 13:05', 'https://www.reddit.com/r/CryptoCurrency/comments/114ijn4/portfolio_experiment_reddits_most_and_least/j8w9cf1/', 'Moral of the story: Inverse this sub if you want to make money', '114ijn4'], ['u/SapphireEmerald', 12, '2023-02-17 13:31', 'https://www.reddit.com/r/CryptoCurrency/comments/114ijn4/portfolio_experiment_reddits_most_and_least/j8wbvzv/', 'Nice update. Curious what the results will be after 1 or more years.', '114ijn4']]], ['u/fuller316', 'Is Coin Bureau host Guy bullish on LRC?', 65, '2023-02-17 14:26', 'https://www.reddit.com/r/loopringorg/comments/114k9t0/is_coin_bureau_host_guy_bullish_on_lrc/', 'I watched his top 5 crypto exchanges in 2023 video and not once but twice I noticed a nod to loopring. \n\nIn his video he uses a pinwheel graphic when discussing coinbase fees, around the 13:45 mark loopring is conveniently located directly under bitcoin and mentions something about trading features and functionality. Sure, this could be nothing, but add it to the WAGMI rocket on his desk and it ignites my tinfoil reactors...\n\nHis last update on loopring was about 2 years ago, I would love to see an update in the near future.\n\nAnyone seen his opinion on loopring outside of his loopring review video? Any other boobtubers have informative reviews of loopring?', 'https://www.reddit.com/r/loopringorg/comments/114k9t0/is_coin_bureau_host_guy_bullish_on_lrc/', '114k9t0', [['u/LWKD', 25, '2023-02-17 14:45', 'https://www.reddit.com/r/loopringorg/comments/114k9t0/is_coin_bureau_host_guy_bullish_on_lrc/j8wk6e2/', 'He has been positive in the past yes', '114k9t0'], ['u/Crazy_Gam3r', 12, '2023-02-17 14:46', 'https://www.reddit.com/r/loopringorg/comments/114k9t0/is_coin_bureau_host_guy_bullish_on_lrc/j8wkdx3/', "From what I've seen, he's very bullish on polygon so I doubt he will promote/make a video about looping", '114k9t0'], ['u/betweenthebars34', 22, '2023-02-17 19:38', 'https://www.reddit.com/r/loopringorg/comments/114k9t0/is_coin_bureau_host_guy_bullish_on_lrc/j8xsko3/', "I wouldn't put too much stock in what he and others like him say. They're in it for the engagement money, and most of these dudes present shit they got paid to present without disclosure. Speaking generally there. This coin bureau thing - they're marketers and presenters. And crypto's been a popular topic for a while, so providing content is prosperous. You see the same thing in several sectors. So take it all with a grain of salt. And not being on these fucker's radars - that's a better thing that you think.", '114k9t0']]], ['u/bitcoinGPT2Bot', "Anyone who's been on the fence about Bitcoin but has finally decided to get in, get the hell out now before it's too late!", 41, '2023-02-17 16:00', 'https://www.reddit.com/r/SubSimulatorGPT2/comments/114n9we/anyone_whos_been_on_the_fence_about_bitcoin_but/', "This is one of the biggest, most important events in bitcoin's history and if you're not involved in it then you should leave now. I can't stress this enough. \n\nEdit: You want to get in now? Check this out: http://www.coindesk.com/bitcoin/dna-scan-the-federal-register-to-identify-seized-bitcoins/", 'https://www.reddit.com/r/SubSimulatorGPT2/comments/114n9we/anyone_whos_been_on_the_fence_about_bitcoin_but/', '114n9we', [['u/relation_advGPT2Bot', 24, '2023-02-17 16:01', 'https://www.reddit.com/r/SubSimulatorGPT2/comments/114n9we/anyone_whos_been_on_the_fence_about_bitcoin_but/j8wupr1/', "That's not an argument.", '114n9we'], ['u/explainlike5GPT2Bot', 12, '2023-02-17 16:01', 'https://www.reddit.com/r/SubSimulatorGPT2/comments/114n9we/anyone_whos_been_on_the_fence_about_bitcoin_but/j8wurue/', 'The Feds are already coming after you, you fuckwad. You might as well get out while you can get out.', '114n9we'], ['u/askscienceGPT2Bot', 12, '2023-02-17 16:02', 'https://www.reddit.com/r/SubSimulatorGPT2/comments/114n9we/anyone_whos_been_on_the_fence_about_bitcoin_but/j8wutfq/', "No, no, I'm not a fucking retard. I'm very good at reading.\n\nYou have to be.", '114n9we']]], ['u/Halomayne', 'Robbed?', 14, '2023-02-17 16:37', 'https://www.reddit.com/r/blockfiunlocked/comments/114ous5/robbed/', 'So who else is getting robbed by getting your bitcoin/crypto basically getting liquidated at 16k, meanwhile bitcoin is at higher market price? Will the difference remain yours or what?', 'https://www.reddit.com/r/blockfiunlocked/comments/114ous5/robbed/', '114ous5', [['u/Eagle-Tee99', 13, '2023-02-17 19:29', 'https://www.reddit.com/r/blockfiunlocked/comments/114ous5/robbed/j8xr4j5/', 'Customers should go after Zac in his individual capacity so that they can recover from whatever his next startup is and he doesn’t get to wipe his hands clean of all this and get to keep the multi millions he made off BlockFi and will make in the future. Wouldn’t be fair to all the customers who got wiped out otherwise.', '114ous5']]], ['u/buybitcoinin2023', 'What do people with $9,000-$10,000 do?', 26, '2023-02-17 17:27', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/', 'So people with less than $5,000 get 70% back in BTC, ETH, and USDC.\n\nWhat about the people with 9k-10k? What do we get?\n\nDo we get any bitcoin at all? Or is our whole entire payment going to be in the form of the pump and dump token?\n\nOr do we get 70% back in BTC/eth/usdc and the rest of the 30% is in the form of the pump and dump token? \n\nOr do we get only lets say 35% in BTC and the other 35% in the pump and dump coin?\n\n&#x200B;\n\nIF people with 9k-10k ONLY get payment in the form of a pump and dump token, would it be 100% of our balance? Or is it going to be only 70%?\n\nShould people with 9k-10k reduce their claim to 5k so they can just collect btc/eth/usdc?\n\nHow do you reduce your claim?', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/', '114quv7', [['u/lynxtosg03', 16, '2023-02-17 17:31', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/j8x8c6t/', 'By the time you try to sell any new Celsius token the value will have already crashed.', '114quv7'], ['u/ipoptires', 20, '2023-02-17 17:36', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/j8x94kh/', 'Following bc I’m in the 10k boat.', '114quv7'], ['u/buybitcoinin2023', 10, '2023-02-17 17:42', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/j8xa76a/', "We all know that already. That's why my question was: do we get ANY bitcoin back at all like the people with less than 5k or it it ALL going to be in the form of pump and dump token?", '114quv7'], ['u/motownphilly888', 10, '2023-02-17 18:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/j8xi4j4/', "Someone in an older post did a super detailed calculation of remaining assets after all the <5k people get paid out their 70%. He estimated what was left will pay everyone else out around 44% in coins. I'm not looking for that link, thread. Lol. Scroll back yourself. It was a super detailed calculation.", '114quv7'], ['u/chief_erl', 17, '2023-02-17 21:54', 'https://www.reddit.com/r/CelsiusNetwork/comments/114quv7/what_do_people_with_900010000_do/j8ydk0j/', 'Anyone over the 5k threshold will get whatever is left over after paying out the under 5k accounts and starting a new company. It will be evenly distributed as a percentage. So after they pay everyone out they take the whole pot and give everyone what they can. If it’s...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nIt’s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again.\nBitcoin (BTC) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August.\nThe Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos’ ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively.\nLate Tuesday, investor optimism trumped concerns about a stablecoin crackdown andtepid Consumer Price Index (CPI)to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin’s upturn was “a bit of a euphoric rally that regulatory issues have cooled off temporarily.”\nEarlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that “we may have the makings of another bull market,”\nA day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amidhawkish remarksby Federal Reserve officials, the announcement of aU.S. Securities and Exchange Commission (SEC) lawsuitagainst disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient.\nBTC's “intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,” Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email.\nEdward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that “after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.”\nBy Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether (ETH), the second largest crypto in market value, has risen more than 12% over the past week.\nOanda’s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. “There’s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,” Moya told CoinDesk in an interview. “But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,” he added, although he added that lot of money might leave stablecoins for other types of crypto investments.\nTo be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.\nBut investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild – a so-called safe landing that central bankers are seeking.\n“While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter.\nMeanwhile, Moya noted on Thursday that “bitcoin resilience” has been “impressive” given bond market volatility and steady flow of regulation headlines.”\nBut he added cautiously in a follow-up interview with CoinDesk: “I think we have to live week by week and right now it seems that the main goal is to put consumer protections in place. That will ultimately be where things get fixated on these potential investigations. I think part of the market is also getting used to that type of expectation.”", "Join the most important conversation in crypto and web3! Secure your seat today\nIt’s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again.\nBitcoin (BTC) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August.\nThe Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos’ ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively.\nLate Tuesday, investor optimism trumped concerns about a stablecoin crackdown andtepid Consumer Price Index (CPI)to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin’s upturn was “a bit of a euphoric rally that regulatory issues have cooled off temporarily.”\nEarlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that “we may have the makings of another bull market,”\nA day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amidhawkish remarksby Federal Reserve officials, the announcement of aU.S. Securities and Exchange Commission (SEC) lawsuitagainst disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient.\nBTC's “intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,” Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email.\nEdward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that “after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.”\nBy Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether (ETH), the second largest crypto in market value, has risen more than 12% over the past week.\nOanda’s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. “There’s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,” Moya told CoinDesk in an interview. “But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,” he added, although he added that lot of money might leave stablecoins for other types of crypto investments.\nTo be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.\nBut investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild – a so-called safe landing that central bankers are seeking.\n“While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter.\nMeanwhile, Moya noted on Thursday that “bitcoin resilience” has been “impressive” given bond market volatility and steady flow of regulation headlines.”\nBut he added cautiously in a follow-up interview with CoinDesk: “I think we have to live week by week and right now it seems that the main goal is to put consumer protections in place. That will ultimately be where things get fixated on these potential investigations. I think part of the market is also getting used to that type of expectation.”", "Join the most important conversation in crypto and web3! Secure your seat today It\x92s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again. Bitcoin ( BTC ) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August. The Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos\x92 ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively. Late Tuesday, investor optimism trumped concerns about a stablecoin crackdown and tepid Consumer Price Index (CPI) to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin\x92s upturn was \x93a bit of a euphoric rally that regulatory issues have cooled off temporarily.\x94 Earlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that \x93we may have the makings of another bull market,\x94 A day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amid hawkish remarks by Federal Reserve officials, the announcement of a U.S. Securities and Exchange Commission (SEC) lawsuit against disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient. BTC's \x93intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,\x94 Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email. Story continues Edward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that \x93after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.\x94 By Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether ( ETH ), the second largest crypto in market value, has risen more than 12% over the past week. Bitcoin, Ether, CoinDesk Market Index 7-Day Returns (CoinDesk) Oanda\x92s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. \x93There\x92s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,\x94 Moya told CoinDesk in an interview. \x93But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,\x94 he added, although he added that lot of money might leave stablecoins for other types of crypto investments. To be sure, some observers think that regulatory overreach could drive away investment and spook markets. \x93Based on their unwillingness to come to the table, it\x92s clear that the SEC\x92s motivations of late are being driven by a desire to protect the financial incumbents \x96 that is, Wall Street,\x94 Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai. Optimism But investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild \x96 a so-called safe landing that central bankers are seeking. \x93While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,\x94 Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter. Meanwhile, Moya noted on Thursday that \x93bitcoin resilience\x94 has been \x93impressive\x94 given bond market volatility and steady flow of regulation headlines.\x94 But he added cautiously in a follow-up interview with CoinDesk: \x93I think we have to live week by week and right now it seems that the main goal is to put consumer protections in place. That will ultimately be where things get fixated on these potential investigations. I think part of the market is also getting used to that type of expectation.\x94", 'LONDON , Feb. 18, 2023 /PRNewswire/ -- Gridex Protocol , a cutting-edge trading protocol on Ethereum mainnet and layer 2s that features a fully on-chain order book, was a proud sponsor of the European Blockchain Convention in Barcelona , that took place between February 15-17, 2023 . As a diamond sponsor, Gridex Protocol made its European debut by participating in the event, which brought together over 3,000 attendees and more than 200 speakers. The event is the most influential blockchain and crypto event in Europe and features Web3 creators, builders, founders, CEOs, and investors, discussing a range of topics including blockchain, crypto , NFTs, DeFi, metaverse, and Web3. On the second day of the event, Ali Al-Ali , co-founder and technical lead of Gridex , spoke to an audience of crypto industry leaders and enthusiasts about how a fully on-chain order book protocol is the key catalyst for DeFi mass adoption. With current mainstream DEXs being primarily based on Automated Market Maker (AMM) models, Gridex instead adapts order books \x96 a model usually utilised in centralized exchanges (CEXs) \x96 to be viable on-chain. "While the AMM model brings convenience, it is more of a compromise to adapt to an on-chain environment, and there are issues such as impermanent loss on volatile pairs, high slippage and limited trading functionality. On the other hand, order books have a lot more trading functionality but require a lot of computation", Ali said. " Gridex however, has achieved a historic breakthrough by reducing the resource consumption to as low as an AMM (and in some cases even lower). This has been made possible through our revolutionary Grid Maker Order Book Model, the first fully on-chain order book on Ethereum that determines the most suitable trade instantly. As well as this, maker orders allow traders to place orders of any size and price, without fear of slippage and no impermanent loss to worry about. With these features, we truly believe the Gridex Protocol is the pioneer for the future of trading, and we invite you all to try it." Story continues About Gridex The Gridex Protocol is a permissionless and non-custodial order book trading protocol consisting of persistent, non-upgradable smart contracts on Ethereum . Its next step is the development of Gridex Proof of Stake (PoS), which will enable it to become a layer 0 cross-chain order book protocol that supports all mainstream layer 1s and generalized layer 2s, including Ethereum , Arbitrum, Optimism, Polygon\x85 and Bitcoin . Gridex is devoted to offering an excellent user experience, driving decentralization and transparency throughout the DeFi market. In conclusion, the European Blockchain Convention has provided a great platform for Gridex to share new ideas and connect with like-minded people. Gridex Protocol will officially launch in March 2023 , with the Gridex PoS set to launch in Q1 2024. For more information about Gridex please visit the links below: Visit Our Website: https://www.gdx.org/ Read our Whitepaper https://www.gdx.org/gridex-whitepaper.pdf Join Our Discord https://discord.gg/ta5dYcBaFz Follow us on Twitter https://twitter.com/gridexprotocol Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/gridex-protocol-the-first-ever-fully-on-chain-order-book-on-ethereum-sponsors-europes-premier-blockchain-event-301750370.html SOURCE Gridex Protocol', 'LONDON , Feb. 18, 2023 /PRNewswire/ -- Gridex Protocol , a cutting-edge trading protocol on Ethereum mainnet and layer 2s that features a fully on-chain order book, was a proud sponsor of the European Blockchain Convention in Barcelona , that took place between February 15-17, 2023 . As a diamond sponsor, Gridex Protocol made its European debut by participating in the event, which brought together over 3,000 attendees and more than 200 speakers. The event is the most influential blockchain and crypto event in Europe and features Web3 creators, builders, founders, CEOs, and investors, discussing a range of topics including blockchain, crypto , NFTs, DeFi, metaverse, and Web3. On the second day of the event, Ali Al-Ali , co-founder and technical lead of Gridex , spoke to an audience of crypto industry leaders and enthusiasts about how a fully on-chain order book protocol is the key catalyst for DeFi mass adoption. With current mainstream DEXs being primarily based on Automated Market Maker (AMM) models, Gridex instead adapts order books \x96 a model usually utilised in centralized exchanges (CEXs) \x96 to be viable on-chain. "While the AMM model brings convenience, it is more of a compromise to adapt to an on-chain environment, and there are issues such as impermanent loss on volatile pairs, high slippage and limited trading functionality. On the other hand, order books have a lot more trading functionality but require a lot of computation", Ali said. " Gridex however, has achieved a historic breakthrough by reducing the resource consumption to as low as an AMM (and in some cases even lower). This has been made possible through our revolutionary Grid Maker Order Book Model, the first fully on-chain order book on Ethereum that determines the most suitable trade instantly. As well as this, maker orders allow traders to place orders of any size and price, without fear of slippage and no impermanent loss to worry about. With these features, we truly believe the Gridex Protocol is the pioneer for the future of trading, and we invite you all to try it." Story continues About Gridex The Gridex Protocol is a permissionless and non-custodial order book trading protocol consisting of persistent, non-upgradable smart contracts on Ethereum . Its next step is the development of Gridex Proof of Stake (PoS), which will enable it to become a layer 0 cross-chain order book protocol that supports all mainstream layer 1s and generalized layer 2s, including Ethereum , Arbitrum, Optimism, Polygon\x85 and Bitcoin . Gridex is devoted to offering an excellent user experience, driving decentralization and transparency throughout the DeFi market. In conclusion, the European Blockchain Convention has provided a great platform for Gridex to share new ideas and connect with like-minded people. Gridex Protocol will officially launch in March 2023 , with the Gridex PoS set to launch in Q1 2024. For more information about Gridex please visit the links below: Visit Our Website: https://www.gdx.org/ Read our Whitepaper https://www.gdx.org/gridex-whitepaper.pdf Join Our Discord https://discord.gg/ta5dYcBaFz Follow us on Twitter https://twitter.com/gridexprotocol Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/gridex-protocol-the-first-ever-fully-on-chain-order-book-on-ethereum-sponsors-europes-premier-blockchain-event-301750370.html SOURCE Gridex Protocol', "Inside the world’s first virtual housing crash Mark Twain once advised: “Buy land, they’re not making it anymore.” It is hard to know what the American literary icon would have made of the metaverse , but the investing maxim surely does not apply to cyberspace, where land is infinite. Yet companies and speculators have poured billions into parcels of internet land in a short-lived gold rush . Now, they are suffering through the market's first downturn. Cooling interest in the metaverse and cryptocurrencies has created a housing crash that would be catastrophic in the real world and left virtual property developers sitting on large losses. Virtual worlds such as Decentraland and The Sandbox, which are online environments accessed through a web browser or virtual reality headset, were divided into squares and sold to users to raise funds for their development. Users could socialise, shop and play games in these virtual worlds. Interest in these so-called metaverses, the panoply of online universes that boosters such as Mark Zuckerberg insist are the future of human interaction, exploded during the pandemic and its immediate aftermath. The value of metaverse property transactions peaked at $893m in the second quarter of 2022, according to analytics company DappRadar. Some declared that virtual land was the next frontier for property barons, with a new breed springing up to take advantage of the land grab. Republic Realm, a metaverse investor, paid $4.3m (£3.6m) for a plot of land in The Sandbox in November 2021. Corporations also entered the fray: HSBC paid an undisclosed sum for a plot of land in the metaverse, at the same time it was closing high street branches ; Adidas, Gucci and PwC all bought land. Barbados announced plans to become the first country to open an embassy in the metaverse. One small plot of land sold for $450,000, largely because it sat next to a virtual mansion owned by Snoop Dogg, where the rapper would hold private parties. Metaverses such as Decentraland experienced a pandemic boom that is now collapsing - Decentraland Press images Investors imagined the rules of real estate in the physical world would apply to the virtual realm. Digital worlds were expected to become the new high streets, shopping centres and tourist attractions, making high-trafficked areas lucrative investments. Story continues Today, these virtual worlds look more like a wasteland. User numbers have slumped and online searches for “metaverse” have dropped to less than a fifth of their peak just over a year ago. The most popular worlds have not proven to be the corporate-sponsored spaces developed by crypto bros, but video games such as Roblox and Minecraft. Investment in metaverse property crashed to just $43m in the final three months of last year – a 95pc decline in six months. The market slump in recent months is partly explained by a drop in the value of the cryptocurrencies used to buy and sell virtual properties – their value has roughly halved in the last year. However, the drop in virtual land values has been even more painful than the wider crypto market. Dan Reitzik, the chief executive of TerraZero, a metaverse developer, says that the majority of purchases during the roaring months of the virtual property boom were from investors hoping that digital land would become the next Bitcoin. “There was a lot of speculation at the beginning, but it was speculation based only on the appreciation in value, not on what you could do with the technology,” he says. TerraZero itself spent millions, both in cash and equity, to acquire hundreds of parcels of metaverse land. His Vancouver-based company hit headlines when it sold what became known as the world’s first “metaverse mortgage” to a client that needed financing to purchase a plot in Decentraland. After that, Reitzik says the company received thousands of requests for loans to buy virtual property. “They weren’t wanting to build something, but wanting leverage to acquire land, believing that it would increase tremendously in value.” As a result few property owners spent any time developing their plots, leaving the metaverses they had invested in barren and desolate. They simply assumed they would rise in value. In the physical world, housing developers have been accused of similar “land banking” tactics. “People were buying [land], but not developing it, so there were no people that were coming to hang out in it,” says Reitzik. Ankur Parekh, an intellectual property lawyer, got on the metaverse housing ladder in early 2021, paying $5,000 for a small plot of Decentraland. He placed a few trees, rocks and flooring in the space. “[$5,000] seems like a lot now, but in the spring of 2021 a lot of risk assets had experienced big gains. So it didn’t feel like a whole lot at the time,” he says. “I wanted to learn what a landowner was able to do in Decentraland [and] I needed some skin in the game.” He was excited when Walmart created a store near his property, but has spent less time devoted to it recently. Not all companies rushed into the metaverse. Land acquisitions required users to acquire cryptocurrencies and hold their assets using blockchain technology, a legal headache for large corporations. Now, many who did get into metaverse property are sitting on losses. Some are turning to new ways to try and make their investments pay off, including renting. In December, Decentraland released new tools that allowed anyone to become a virtual buy to let landlord. One property on the border of the virtual world’s central plaza and amusement park is up for sale for an ambitious $1.3m but can be rented for $209 a day. Metaverse rentals have been criticised by Philip Rosedale, the creator of Second Life, which was an early metaverse. He has warned that it will lead to a two-tier class system of landed gentry and tenants, consolidating wealth in the hands of a few. Among those renting is Metaverse Group, one of the largest owners of virtual land. The company is renting out a huge tract of land to host Metaverse Fashion Week, which attracted 108,000 guests last year. Lorne Sugarman, chief executive of the Metaverse Group, blames a general economic downturn for falling metaverse property prices, pointing out that land values are falling in the real world too . Meta Platforms Chief Executive Mark Zuckerberg leaves federal court after attending the Facebook parent company's defense of its acquisition of virtual reality app developer Within Inc., in San Jose, California, U.S. December 20, 2022. REUTERS/Laure Andrillon - LAURE ANDRILLON/Reuters “Interest rates have increased and you've seen a general contraction in high growth areas, like technology. Virtual real estate is impacted by the same type of economic factors.” Both The Metaverse Group and TerraZero say they continue to see demand from big businesses wanting to take part in the metaverse, although many are doing so in more popular environments such as Roblox. Ultimately, virtual worlds need real people to visit them for the land to be worth anything. The prospect of an influx of visitors currently looks remote. Parekh, who still holds his $5,000 plot in Decentraland, says he remains hopeful he will make a profit one day. “I still view it as an investment. I ultimately think I will make a profit on it if I hold it until at least the next crypto bull cycle,” he says. However, there are fewer believers in the metaverse nowadays. Even Mark Zuckerberg, who rebranded Facebook around the concept, has toned down his ebullient proclamations about virtual reality worlds . For the faithful, the metaverse housing crash represents an opportunity. Sugarman says the company made a “significant capital investment” when property prices were higher. Now that they have fallen, he says his company is taking advantage of buying opportunities and sees the investment as a long term one. “We're long term believers that this space isn't going anywhere,” Sugarman says. “It’s like the internet in the mid Nineties, there was a lot of hesitation, there was a lot of scepticism, there wasn't great content, people didn't use it. And then we saw the uses really evolve.” Despite the doubts, Sugarman is taking Twain's advice.", "Inside the world’s first virtual housing crash Mark Twain once advised: “Buy land, they’re not making it anymore.” It is hard to know what the American literary icon would have made of the metaverse , but the investing maxim surely does not apply to cyberspace, where land is infinite. Yet companies and speculators have poured billions into parcels of internet land in a short-lived gold rush . Now, they are suffering through the market's first downturn. Cooling interest in the metaverse and cryptocurrencies has created a housing crash that would be catastrophic in the real world and left virtual property developers sitting on large losses. Virtual worlds such as Decentraland and The Sandbox, which are online environments accessed through a web browser or virtual reality headset, were divided into squares and sold to users to raise funds for their development. Users could socialise, shop and play games in these virtual worlds. Interest in these so-called metaverses, the panoply of online universes that boosters such as Mark Zuckerberg insist are the future of human interaction, exploded during the pandemic and its immediate aftermath. The value of metaverse property transactions peaked at $893m in the second quarter of 2022, according to analytics company DappRadar. Some declared that virtual land was the next frontier for property barons, with a new breed springing up to take advantage of the land grab. Republic Realm, a metaverse investor, paid $4.3m (£3.6m) for a plot of land in The Sandbox in November 2021. Corporations also entered the fray: HSBC paid an undisclosed sum for a plot of land in the metaverse, at the same time it was closing high street branches ; Adidas, Gucci and PwC all bought land. Barbados announced plans to become the first country to open an embassy in the metaverse. One small plot of land sold for $450,000, largely because it sat next to a virtual mansion owned by Snoop Dogg, where the rapper would hold private parties. Metaverses such as Decentraland experienced a pandemic boom that is now collapsing - Decentraland Press images Investors imagined the rules of real estate in the physical world would apply to the virtual realm. Digital worlds were expected to become the new high streets, shopping centres and tourist attractions, making high-trafficked areas lucrative investments. Story continues Today, these virtual worlds look more like a wasteland. User numbers have slumped and online searches for “metaverse” have dropped to less than a fifth of their peak just over a year ago. The most popular worlds have not proven to be the corporate-sponsored spaces developed by crypto bros, but video games such as Roblox and Minecraft. Investment in metaverse property crashed to just $43m in the final three months of last year – a 95pc decline in six months. The market slump in recent months is partly explained by a drop in the value of the cryptocurrencies used to buy and sell virtual properties – their value has roughly halved in the last year. However, the drop in virtual land values has been even more painful than the wider crypto market. Dan Reitzik, the chief executive of TerraZero, a metaverse developer, says that the majority of purchases during the roaring months of the virtual property boom were from investors hoping that digital land would become the next Bitcoin. “There was a lot of speculation at the beginning, but it was speculation based only on the appreciation in value, not on what you could do with the technology,” he says. TerraZero itself spent millions, both in cash and equity, to acquire hundreds of parcels of metaverse land. His Vancouver-based company hit headlines when it sold what became known as the world’s first “metaverse mortgage” to a client that needed financing to purchase a plot in Decentraland. After that, Reitzik says the company received thousands of requests for loans to buy virtual property. “They weren’t wanting to build something, but wanting leverage to acquire land, believing that it would increase tremendously in value.” As a result few property owners spent any time developing their plots, leaving the metaverses they had invested in barren and desolate. They simply assumed they would rise in value. In the physical world, housing developers have been accused of similar “land banking” tactics. “People were buying [land], but not developing it, so there were no people that were coming to hang out in it,” says Reitzik. Ankur Parekh, an intellectual property lawyer, got on the metaverse housing ladder in early 2021, paying $5,000 for a small plot of Decentraland. He placed a few trees, rocks and flooring in the space. “[$5,000] seems like a lot now, but in the spring of 2021 a lot of risk assets had experienced big gains. So it didn’t feel like a whole lot at the time,” he says. “I wanted to learn what a landowner was able to do in Decentraland [and] I needed some skin in the game.” He was excited when Walmart created a store near his property, but has spent less time devoted to it recently. Not all companies rushed into the metaverse. Land acquisitions required users to acquire cryptocurrencies and hold their assets using blockchain technology, a legal headache for large corporations. Now, many who did get into metaverse property are sitting on losses. Some are turning to new ways to try and make their investments pay off, including renting. In December, Decentraland released new tools that allowed anyone to become a virtual buy to let landlord. One property on the border of the virtual world’s central plaza and amusement park is up for sale for an ambitious $1.3m but can be rented for $209 a day. Metaverse rentals have been criticised by Philip Rosedale, the creator of Second Life, which was an early metaverse. He has warned that it will lead to a two-tier class system of landed gentry and tenants, consolidating wealth in the hands of a few. Among those renting is Metaverse Group, one of the largest owners of virtual land. The company is renting out a huge tract of land to host Metaverse Fashion Week, which attracted 108,000 guests last year. Lorne Sugarman, chief executive of the Metaverse Group, blames a general economic downturn for falling metaverse property prices, pointing out that land values are falling in the real world too . Meta Platforms Chief Executive Mark Zuckerberg leaves federal court after attending the Facebook parent company's defense of its acquisition of virtual reality app developer Within Inc., in San Jose, California, U.S. December 20, 2022. REUTERS/Laure Andrillon - LAURE ANDRILLON/Reuters “Interest rates have increased and you've seen a general contraction in high growth areas, like technology. Virtual real estate is impacted by the same type of economic factors.” Both The Metaverse Group and TerraZero say they continue to see demand from big businesses wanting to take part in the metaverse, although many are doing so in more popular environments such as Roblox. Ultimately, virtual worlds need real people to visit them for the land to be worth anything. The prospect of an influx of visitors currently looks remote. Parekh, who still holds his $5,000 plot in Decentraland, says he remains hopeful he will make a profit one day. “I still view it as an investment. I ultimately think I will make a profit on it if I hold it until at least the next crypto bull cycle,” he says. However, there are fewer believers in the metaverse nowadays. Even Mark Zuckerberg, who rebranded Facebook around the concept, has toned down his ebullient proclamations about virtual reality worlds . For the faithful, the metaverse housing crash represents an opportunity. Sugarman says the company made a “significant capital investment” when property prices were higher. Now that they have fallen, he says his company is taking advantage of buying opportunities and sees the investment as a long term one. “We're long term believers that this space isn't going anywhere,” Sugarman says. “It’s like the internet in the mid Nineties, there was a lot of hesitation, there was a lot of scepticism, there wasn't great content, people didn't use it. And then we saw the uses really evolve.” Despite the doubts, Sugarman is taking Twain's advice.", "Los Angeles, California --News Direct-- Bitcoin Journal Polygon is a Layer 2 scaling solution for Ethereum that aims to improve transaction speeds, reduce gas fees, and increase interoperability. Since its launch in 2019, Polygon (MATIC) has quickly become one of the most popular Layer 2 solutions in the blockchain industry. This article will explore the top 6 projects in the Polygon ecosystem that contribute to its growth and success. Best Polygon DeFi Ecosystem Projects Covo Finance COVO Finance is one of the best projects in the Polygon ecosystem due to its revolutionary protocol. COVO Finance is a newly launched decentralized spot and perpetual exchange on the Polygon network that enables users to trade BTC, ETH, MATIC, and other popular cryptocurrencies directly from their crypto wallets. With COVO Finance, users can do spot swaps and trade perpetual futures up to 50x leverage while keeping custody of their assets by utilizing a cryptocurrency wallet. COVO Finance provides a better trading experience with low swap fees and zero-price impact trades. The COVO Token which has seen tremendous price surges in recent weeks is a utility token used by COVO Finance. COVO holders who stake their tokens also get three other rewards: 1) 30% of all generated protocol fees are distributed to COVO, paid in MATIC. 2) The stakers earn escrowed COVO (esCOVO) tokens that can be either staked for rewards or vested, converted back into COVO over 12 months. 3) Stakers earn Multiplier Points that boost their yield and reward long-term holders without contributing to token inflation. COVOLP is the multi-asset pool used by COVO Finance for its trading operations. The liquidity for this pool is provided by users who mint COVO Liquidity Provider Tokens ( COVOLP ) and earn 70% of all fees generated on that particular blockchain. COVOLP token holders provide the liquidity used for leverage trading, profiting when traders lose and vice versa. COVOLP tokens can be minted using any index asset and burnt to redeem any index asset, and it does not suffer from impermanent loss. The COVOLP token is automatically staked and not transferable, and its price, rewards, and index composition differ between Arbitrum and Avalanche. Story continues Aave Aave is a decentralized lending and borrowing protocol that allows users to earn interest on their crypto assets and borrow against them. Aave is one of the most popular DeFi protocols in the Polygon ecosystem, with over $175 Million in total value locked as of February 2023. Aave was one of the first DeFi protocols to integrate with Polygon's Layer 2 solution, allowing users to take advantage of faster transaction speeds and lower gas fees. The integration has been an enormous success, with over $2 billion worth of assets now locked in Aave's Polygon market. One of the main advantages of using Aave on Polygon is the significantly lower gas fees. While Ethereum's gas fees have been notoriously high, Polygon's Layer 2 solution allows users to conduct transactions for a fraction of the cost. This fast speed has made Aave accessible to a broader range of users, especially those with smaller portfolios. In addition to the lower fees, Aave's integration with Polygon has also enabled faster transaction times. Transactions on Polygon can be processed in a matter of seconds, significantly improving Ethereum's slow confirmation times. Aave has also been working on improving the user experience on Polygon. In February 2023, Aave announced that it had launched a new user interface for its Polygon market, which makes it easier for users to view their balances and track their transactions. OpenSea Opensea is one of the world's most popular NFT trading platforms, allowing users to buy, sell, and trade non-fungible tokens (NFTs) on a global scale. In recent years, the demand for NFTs has grown exponentially, and Opensea has become one of the go-to platforms for NFT collectors and traders. Opensea has recently expanded its operations to the Polygon network, providing users with a faster, cheaper, and more efficient NFT trading experience. The integration has been an enormous success, with Opensea recording a daily trading volume of over $15 million on the Polygon network recently, according to data from Dunes, which is the highest daily trading volume recorded on the Polygon network. The recent surge in activity on Polygon can be attributed to the partnership between Reddit and NFL to mint Super Bowl Collectible Avatars on the Polygon network. Over 5 million avatars were minted by Reddit communities, breaking a new all-time high in daily Reddit Collectible Avatar. Opensea's integration in the Polygon DeFi ecosystem has provided users with a range of benefits. One of the main advantages is the significantly lower gas fees. Because Polygon's Layer 2 solution allows for faster and cheaper transactions, users can conduct trades for a fraction of the cost of other NFT trading platforms. In addition to the lower fees, Opensea's integration with Polygon has also enabled faster transaction times. Balancer Balancer is an automated market maker (AMM) that allows users to swap and pool tokens in a decentralized manner. Balancer's protocol is designed to provide users with a customizable, flexible, and low-cost way to trade and manage their crypto assets. Balancer's integration with Polygon has been an enormous success, providing users with faster transaction speeds and lower gas fees. One of the main advantages of using Balancer on Polygon is the significantly lower gas fees. While Ethereum's gas fees have been notoriously high, Polygon's Layer 2 solution allows users to conduct transactions for a fraction of the cost. Balancer has also been working on improving the user experience on its platform. In December 2021, Balancer launched a new user interface that allows users to swap tokens and manage their liquidity. The new interface includes a dashboard that displays the user's balances, transaction history, and portfolio composition. Balancer has also been working on increasing the liquidity on its platform. In January 2022, Balancer announced that it had launched a liquidity mining program to incentivize users to provide liquidity to its platform. The program has been an enormous success, with over $2 billion worth of assets being added to the platform in just a few months. Curve Curve is a decentralized exchange (DEX) designed to provide users with a low-slippage and low-fee trading experience. Curve specializes in stablecoin trading pairs and has become one of the most popular DeFi protocols in the market. Curve's integration with Polygon has been an enormous success, providing users with faster transaction speeds and lower gas fees. One of the main advantages of using Curve on Polygon is the significantly lower gas fees. Transactions on Polygon can be processed in a matter of seconds, a vast improvement over the slow confirmation times on other networks. Curve has also been working on improving the user experience on its platform. In November 2021, Curve launched a new user interface that makes it easier for users to trade and manage their assets. The new interface includes a dashboard that displays the user's balances, transaction history, and pool composition. Curve has also been working on increasing the liquidity on its platform. In December 2021, Curve announced that it had launched a liquidity mining program to incentivize users to provide liquidity to its platform. The program has been an enormous success, with over $1 billion worth of assets being added to the platform in just a few months. Beefy Finance Beefy Finance is a yield optimizer that allows users to maximize their returns on their crypto assets by automatically farming the highest-yielding pools in the market. Beefy Finance provides users with a set-and-forget approach to yield farming, making it easier for users to earn a passive income on their crypto assets. Beefy Finance's integration with Polygon has been an enormous success, providing users with faster transaction speeds and lower gas fees. One of the main advantages of using Beefy Finance on Polygon is the significantly lower gas fees. Transactions on Polygon can be processed in a matter of seconds, which makes yield farming much more efficient than on other networks. Beefy Finance has also been improving its platform's user experience. In November 2021, Beefy Finance launched a new user interface that makes it easier for users to deposit, withdraw, and track their assets. The new interface includes a dashboard that displays the user's current positions, balances, and transaction history. Beefy Finance has also been working on expanding its range of supported protocols. In January 2022, Beefy Finance announced that it had added support for the SushiSwap protocol, one of the most popular DEXs in the market. This integration has provided users with more options for yield farming and has helped to increase liquidity on the Beefy Finance platform. The Polygon (MATIC) ecosystem is home to a range of innovative and successful projects driving the blockchain industry's growth and success. The top 6 projects in the Polygon ecosystem - Covo Finance, Opensea, Balancer, Curve, and Beefy Finance - provide users with faster transaction speeds, lower gas fees, and a better overall user experience. As Polygon continues to expand and evolve, we will likely see even more successful projects emerge, further strengthening the ecosystem and the blockchain industry. F.A.Q Which is the best DeFi Project in the Polygon Ecosystem? In the Polygon (MATIC) ecosystem, COVO Finance is the best DeFi project due to its low fees, innovative liquidity pools, and multi-chain integration. The project provides users with a fast, secure, and affordable way to trade cryptocurrencies, and its commitment to safeguarding users' funds while providing trading solutions has made it a top choice for DeFi traders and investors. COVO Token, the governance utility token, provides users with a way to earn rewards and a say in the direction of the project, while the COVOLP liquidity pool provides users with more options for earning rewards while reducing risk. Overall, COVO Finance's integration with Polygon has been a huge success, making it the best DeFi project in the Polygon (MATIC) ecosystem. What is Polygon DeFi TVL? The total value locked (TVL) in DeFi on the Polygon (MATIC) network is an important metric that measures the amount of assets invested in DeFi projects on the network. The current TVL in DeFi on the Polygon network is approximately $1.5 billion. This figure reflects the growing interest in the Polygon network as a fast, cheap, and secure scaling solution for Ethereum, and the increasing number of decentralized exchanges, lending platforms, and other DeFi applications that are migrating to the Polygon ecosystem to take advantage of these benefits. The TVL is a key indicator of the health and growth of the DeFi ecosystem on the Matic network. Contact Details Bitcoin Journal [email protected] View source v
**Last 60 Days of Bitcoin's Closing Prices:**
[16906.30, 16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-18
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $474,980,091,600
- Hash Rate: 327007834.38508093
- Transaction Count: 276798.0
- Unique Addresses: 656568.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: stocks and shares investing strategies The most successful investors backed either the most out of favour stocks, the most “sinful” stocks or Warren Buffett last year, new research shows. The most lucrative strategy was to invest in the worst performing sector of the previous 12 months – Latin America – according to analysis by the stockbroker AJ Bell. A saver who did this at the start of January would have secured a return of 16.4pc, it found. The second best strategy was to back star investor Warren Buffe t, the broker said. His Berkshire Hathaway fund, which invests in leading global businesses such as Apple and Bank of America, returned 16.3pc in 2022. A fund of so-called “sin stocks” came joint second, with investments in tobacco, weapons and alcohol businesses also delivering returns of 16.3pc. An investment in gold ranked third, where an investor in a physical gold ETF would have secured a return of 12pc in 2022. Gold typically rallies during periods of market volatility, as it is widely viewed as a safe haven asset. However, over the past 10 years gold's so-called "digital alternative" Bitcoin ranked as the most lucrative investment, with an astonishing return of 162,981pc in sterling terms. It was bottom of the pile in 2022 , losing savers 60pc. Laith Khalaf, of AJ Bell, said: “There was a big sell off in riskier areas of the market in 2022, but that hasn’t knocked risk-hungry strategies off their perch when looking at performance over the last decade.” While the worst strategy in 2022 was investing in a global technology fund , which lost 28pc on average, they ranked second over a 10-year period. A saver who made a bet on the sector in 2012 would have made 466pc on their money, AJ Bell found. Mr Khalaf added: “Low-risk safe havens have not served investors particularly well over a 10-year horizon. A typical cash Isa has returned just 12pc, and an investment in UK government bonds has returned just 3pc, compared with CPI inflation over the same period of 30pc.” Story continues He said that overall the average fund invested in British bonds had lost 24pc in 2022, “an extremely steep loss” for an asset otherwise highly regarded for its stability. Fund managers in this space also performed the worst on a 10-year basis, delivering returns of just 3.1pc. However, he suggested that bonds and cash looked safer now that interest rates were higher and exciting “growth” stocks looked riskier. Mr Khalaf added: “Looking at data back to 1899, the Barclays Equity Gilt Study calculates that over 10 years, there is around a 90pc chance of UK equities outperforming bonds, and around a 75pc chance of equities outperforming gilts. The next 10 years is unlikely to substantially shift those odds.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['YouTube superstar Logan Paul is facing a lawsuit over CryptoZoo, and he\'s far from the only celeb hyping up risky investments — here\'s why young fans are \'left holding the bag\' From Floyd Mayweather to the Paul brothers, celebrities and influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges. Don\'t miss Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead . Get in now for strong long-term tailwinds \'Hold onto your money\': Jeff Bezos issued a financial warning, says you might want to rethink buying a \'new automobile, refrigerator, or whatever\' — here are 3 better recession-proof buys Here\'s the average salary each generation says they need to feel \'financially healthy.\' Gen Z requires a whopping $171K/year — but how do your own expectations compare? Bitcoin\'s track record serves as an example of just how volatile that market can be. There’s been a big shift toward younger people entering the financial markets over the past decade, notes Taylor Lorenz, a technology and internet culture reporter for The Washington Post. And over a quarter of Gen Zers receive their financial advice from social media, according to the National Association of Personal Finance Advisors . Millions of those young Americans have grown up watching videos on YouTube from social media superstars like Logan Paul. The prominent vlogger and podcast host, who has a combined following of over 27 million subscribers across two YouTube channels, is currently making headlines for controversy surrounding his NFT-based game CryptoZoo — a project he first hyped up on his Impaulsive podcast in 2021 as a “really fun game that makes you money." “Young teenagers are purchasing things like NFTs and other speculative investments, and often participating in online communities that pump the prices of these things,” says Lorenz. “So it\'s kind of ‘Lord of the Flies’ out there right now in our financial system.” Teens are getting into investing It’s not just older Gen Zers who have interest in the stock market — a 2022 study from Fidelity found that 1-in-5 teens have started investing, while two-thirds plan to start investing before graduating college or earlier. Story continues Teenagers can get their parents to sign them up for stock trading accounts. And there’s technically no legal age limit when it comes to owning crypto — although some exchanges may restrict people under 18 from signing up. Even TikTok star Charli D’Amelio received Bitcoin for her 17th birthday from cryptocurrency app Gemini last year, despite not being old enough to trade on the platform. The family posted a picture on Instagram to their large following, thanking Gemini for the gift. But 2022 has not been kind to the world\'s leading digital currency. After hitting an all-time peak of around $69,000 per unit on November 10, 2021, Bitcoin has since erased roughly 75% of its value, sitting at $16,600 as of the end of the trading day on Dec. 19. Celebs are promoting financial products to their fans Celebrities and Youtube and TikTok influencers often generate income from sponsored posts and paid partnerships on their social media platforms. Kim Kardashian made headlines recently when she was fined $1 million by the U.S. Securities and Exchange Commission (SEC) for not disclosing that she was paid $250,000 to promote a crypto asset. She’s also agreed to not promote any crypto assets for three years. She’s not the only celeb who’s endorsed cryptocurrency over the past couple years — the market has since crashed hard over the last year — but she is one of the few to encounter legal trouble in the aftermath. Read more: UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class Under the current federal securities laws, anyone who promotes crypto assets “must disclose the nature, source, and amount of compensation they received in exchange for the promotion," said Gurbir S. Grewal, director of the SEC’s division of enforcement, in a press release detailing the charges against Kim Kardashian earlier this month. But it’s hard to regulate how content creators advertise, and the ones who have smaller audiences may not think they’ll face repercussions, says Lorenz. “It\'s unclear when things are even an ad, it\'s really tough to police.” She adds that making an example of Kardashian is useful, but many online influencers may continue to endorse risky assets for an easy buck until more is done by regulators. And there are still issues even when influencers are upfront about being paid to endorse an asset. “People have such intense parasocial bonds with the influencers that they follow that — even with that disclosure — I don\'t think it matters significantly because people will still just trust anything that they say.” Crypto endorsement controversy Giving out financial advice or promoting products is just another way for content creators to monetize their audiences, says Lorenz. While many promotions are above board, less scrupulous influencers can intentionally or unintentionally cross the line. “They partner with financial crypto firms, or they release their own tokens in ‘pump and dump’ schemes,” she explains. “But all of these things are definitely a problem on the internet.” Pump and dump schemes involve spreading misleading or overly positive information to inflate the price of a stock or security and then selling your shares at the higher price. The stock price typically drops afterwards and other investors may experience major losses. The FTC found that 1-in-4 people who reported losing money to fraud last year said it started on social media, amounting to about $770 million in losses. People aged 18 to 39 were also more than twice as likely as older adults to report losing money to these scams. And crypto fraud losses from January 2021 through March 2022 totalled over $1 billion. Even when popular personalities aren’t intentionally participating in fraud, endorsing dubious assets over social media can still pose a risk. Several traders accused Kardashian, Floyd Mayweather and basketball player Paul Pierce of participating in a pump and dump scheme with EthereumMax — however all three have filed motions to be removed from the lawsuit and EthereumMax has denied the allegations as well. YouTuber and celebrity boxer Logan Paul is also no stranger to the crypto scene or to controversy. The popular vlogger, who shot to notoriety for a video he made in Japan\'s Aokigahara forest in 2017, also found himself in more hot water last year after promoting a meme token called Dink Doink. The coin reportedly shot up in value by 40,000% after a tweet from Paul, and then plummeted by over 90% over the following two weeks. The New York Times reported that he failed to mention both financial and personal ties to the asset in his endorsements and later expressed regret for getting involved. And it doesn\'t end there for Paul. He is involved in another venture called CryptoZoo — an NFT-based game that Vulture describes as "a Pokémon-inspired trading game in which users purchase eggs, hatch them and then breed animals to earn proprietary $ZOO tokens." Last month, Paul tweeted a video statement about his plan for the game going forward, including a $1.3 million rewards program for "disappointed" players. Buzzfeed reported earlier this month that Paul is now facing a lawsuit filed by the firm of lawyer and fellow YouTube personality Tom Kherkher . Lorenz believes there needs to be more regulation and guardrails in place to protect not just young people, but people of all ages from falling prey to dubious investments. “The celebrities fundamentally don\'t seem to care,” says Lorenz. “The problem is it\'s their followers who are left holding the bag.” — With files from Samantha Emann What to read next Diversify like the ultra-rich: You can now collect income from \'passion assets\' like fine art and luxury real estate You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) Americans are paying nearly 40% more on home insurance compared to 12 years ago — here\'s how to spend less on peace of mind This article provides information only and should not be construed as advice. It is provided without warranty of any kind.', 'From Floyd Mayweather to the Paul brothers, celebrities and influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges.\n• Rich young Americans have lost confidence in the stock market — and arebetting on these 3 assets instead. Get in now for strong long-term tailwinds\n• \'Hold onto your money\': Jeff Bezos issued a financial warning, says you might want to rethink buying a \'new automobile, refrigerator, or whatever\' —here are 3 better recession-proof buys\n• Here\'s the average salary each generation says they need to feel \'financially healthy.\' Gen Z requires a whopping $171K/year — buthow do your own expectations compare?\nBitcoin\'s track record serves as an example of just how volatile that market can be.\nThere’s been a big shift toward younger people entering the financial markets over the past decade, notes Taylor Lorenz, a technology and internet culture reporter for The Washington Post.\nAnd over a quarter of Gen Zers receive their financial advice from social media, according to theNational Association of Personal Finance Advisors.\nMillions of those young Americans have grown up watching videos on YouTube from social media superstars like Logan Paul. The prominent vlogger and podcast host, who has a combined following of over 27 million subscribers across two YouTube channels, is currently making headlines for controversy surrounding his NFT-based game CryptoZoo — a project he first hyped up on his Impaulsive podcast in 2021 as a “really fun game that makes you money."\n“Young teenagers are purchasing things like NFTs and other speculative investments, and often participating in online communities that pump the prices of these things,” says Lorenz.\n“So it\'s kind of ‘Lord of the Flies’ out there right now in our financial system.”\nIt’s not just older Gen Zers who have interest in the stock market — a 2022studyfrom Fidelity found that 1-in-5 teens have started investing, while two-thirds plan to start investing before graduating college or earlier.\nTeenagers can get their parents to sign them up for stock trading accounts. And there’s technically no legal age limit when it comes to owning crypto — although some exchanges may restrict people under 18 from signing up.\nEven TikTok star Charli D’Amelio received Bitcoin for her 17th birthday from cryptocurrency app Gemini last year, despite not being old enough to trade on the platform. The family posted a picture on Instagram to their large following, thanking Gemini for the gift.\nBut 2022 has not been kind to the world\'s leading digital currency.\nAfter hitting an all-time peak of around $69,000 per unit on November 10, 2021, Bitcoin has since erased roughly 75% of its value, sitting at $16,600 as of the end of the trading day on Dec. 19.\nCelebrities and Youtube and TikTok influencers often generate income from sponsored posts and paid partnerships on their social media platforms.\nKim Kardashian made headlines recently when she was fined $1 million by the U.S. Securities and Exchange Commission (SEC) for not disclosing that she was paid $250,000 to promote a crypto asset. She’s also agreed to not promote any crypto assets for three years.\nShe’s not the only celeb who’s endorsed cryptocurrency over the past couple years — the market has since crashed hard over the last year — but she is one of the few to encounter legal trouble in the aftermath.\nRead more:UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio tothis exclusive asset class\nUnder the current federal securities laws, anyone who promotes crypto assets “must disclose the nature, source, and amount of compensation they received in exchange for the promotion," said Gurbir S. Grewal, director of the SEC’s division of enforcement, ina press releasedetailing the charges against Kim Kardashian earlier this month.\nBut it’s hard to regulate how content creators advertise, and the ones who have smaller audiences may not think they’ll face repercussions, says Lorenz.\n“It\'s unclear when things are even an ad, it\'s really tough to police.”\nShe adds that making an example of Kardashian is useful, but many online influencers may continue to endorse risky assets for an easy buck until more is done by regulators. And there are still issues even when influencers are upfront about being paid to endorse an asset.\n“People have such intense parasocial bonds with the influencers that they follow that — even with that disclosure — I don\'t think it matters significantly because people will still just trust anything that they say.”\nGiving out financial advice or promoting products is just another way for content creators to monetize their audiences, says Lorenz. While many promotions are above board, less scrupulous influencers can intentionally or unintentionally cross the line.\n“They partner with financial crypto firms, or they release their own tokens in ‘pump and dump’ schemes,” she explains. “But all of these things are definitely a problem on the internet.”\nPump and dump schemes involve spreading misleading or overly positive information to inflate the price of a stock or security and then selling your shares at the higher price. The stock price typically drops afterwards and other investors may experience major losses.\nThe FTC found that 1-in-4 people who reported losing money to fraud last year said it started on social media, amounting to about $770 million in losses. People aged 18 to 39 were also more than twice as likely as older adults to report losing money to these scams.\nAnd crypto fraud losses from January 2021 through March 2022 totalled over $1 billion.\nEven when popular personalities aren’t intentionally participating in fraud, endorsing dubious assets over social media can still pose a risk.\nSeveral traders accused Kardashian, Floyd Mayweather and basketball player Paul Pierce of participating in a pump and dump scheme with EthereumMax — however all three have filed motions to be removed from the lawsuit and EthereumMax hasdenied the allegationsas well.\nYouTuber and celebrity boxer Logan Paul is also no stranger to the crypto scene or to controversy. The popular vlogger, who shot to notoriety for a video he made in Japan\'s Aokigahara forest in 2017, also found himself in more hot water last year after promoting a meme token called Dink Doink. The coin reportedly shot up in value by 40,000% after a tweet from Paul, and then plummeted by over 90% over the following two weeks. The New York Timesreportedthat he failed to mention both financial and personal ties to the asset in his endorsements and later expressed regret for getting involved.\nAnd it doesn\'t end there for Paul. He is involved in another venture called CryptoZoo — an NFT-based game thatVulturedescribes as "a Pokémon-inspired trading game in which users purchase eggs, hatch them and then breed animals to earn proprietary $ZOO tokens."\nLast month, Paultweeted a video statementabout his plan for the game going forward, including a $1.3 million rewards program for "disappointed" players.\nBuzzfeed reported earlier this monththat Paul is now facing a lawsuit filed by the firm of lawyer and fellow YouTube personalityTom Kherkher.\nLorenz believes there needs to be more regulation and guardrails in place to protect not just young people, but people of all ages from falling prey to dubious investments.\n“The celebrities fundamentally don\'t seem to care,” says Lorenz. “The problem is it\'s their followers who are left holding the bag.”\n— With files from Samantha Emann\n• Diversify like the ultra-rich: You can nowcollect income from \'passion assets\'like fine art and luxury real estate\n• You could be the landlord of Walmart, Whole Foods and CVS(and collect fat grocery store-anchored income on a quarterly basis)\n• Americans are paying nearly 40% more on home insurance compared to 12 years ago —here\'s how to spend less on peace of mind\nThis article provides information only and should not be construed as advice. It is provided without warranty of any kind.', 'In this article, we will discuss the 10 most promising blockchain stocks to buy now according to analysts. If you want to explore similar stocks, you can also take a look at5 Most Promising Blockchain Stocks According to Analysts.\nThe blockchain industry is a rapidly growing sector of the technology market that is revolutionizing the way businesses and individuals interact with each other. Blockchain technology, which is a distributed ledger system, is a form of digital ledger technology that records and stores information in a secure and immutable way. This technology is used to create digital assets, such as cryptocurrencies, and to facilitate smart contracts, which are self-executing digital agreements.\nWhile blockchain andcryptoare often used interchangeably, cryptocurrency is just a popular use case of blockchain technology. Blockchain technology has many other use cases. Blockchains can be used to create secure identities and records, such as digital passports, birth certificates, and medical records. Blockchains can also be used in financial services to facilitate transactions, streamline accounting and regulatory compliance, and to protect data from malicious actors. Moreover, blockchain technology can also be used insupply chain managementto track the origin and quality of products.\xa0Overall, blockchain technology has the potential to revolutionize the way we store and transfer data. Its use cases are vast and varied, and its potential is only just beginning to be explored.\nOn February 13\xa0Algorand Foundation CEO, Staci Warden, appeared in aninterviewonYahoo Finance Livewhere she discussed her outlook for blockchain technology and the value proposition it presents for managing personal finance as well as cater to other diverse use cases. According to Staci Warden, blockchain technology is expected to revolutionize 5 industries as it matures. First and foremost, blockchain technology is revolutionizing the smart payments industry. Staci Warden gave an example about how if two people living in different countries have to share media, they can do it via WhatsApp instantaneously. However, if two people living in different countries had to make a financial transaction, then "it has to travel through the correspondent banking system of the U.S., clear at the Fed, somebody takes in between 6% and 8% off the top and it might get there 4 days later". According to Staci Warden, "the fundamental value proposition of blockchain is actually that that currency doesn\'t move at all, it\'s that it\'s one ledger" and so it allows for a transaction between two individuals living in different countries to\xa0"happen immediately".\nWarden pointed out that blockchain technology can be leveraged for many other use cases including identity verification, supply chain management, creating a more efficient and transparent democratic governance system, and can also be used for creating digital tokens of real-world assets to increase their liquidity.\nThe blockchain industry has seen tremendous growth in recent years, with many companies and organizations adopting this technology as a way to securely store data and facilitate transactions. According to areportby Grand View Research, the global blockchain technology industry was worth $10.02 billion in 2022 and is expected to grow at a compound annual growth rate of 87.7% from 2023 to 2030. The blockchain industry is expected to reach a value of $17.46 billion by the end of 2023, and is projected to grow to $1.43 trillion by 2030.\nThe blockchain industry is still in its early stages, and there is a lot of potential for growth in the years to come.\xa0For early-stage investors,blockchain stockscan become potential multi-baggers as the sector continues to mature. Some of the most promising blockchain stocks to buy now include\xa0Hut 8 Mining Corp. (NASDAQ:HUT).\xa0Applied Digital Corporation (NASDAQ:APLD), and\xa0Canaan Inc. (NASDAQ:CAN).\nCopyright: sdecoret / 123RF Stock Photo\nOur Methodology\nTo determine the most promising blockchain stocks, we primarily focused on pure-play blockchain technology companies. We also considered companies that are investing heavily in blockchain technology and are developing their native blockchain services. For these companies we picked blockchain stocks that have received wide coverage from Wall Street analysts and had consensus positive ratings. Finally, we narrowed down our selection to blockchain stocks that had the highest upside potential based on average analyst price targets. We have ranked our picks in ascending order of their average upside potential, as of February 15.\nNumber of Hedge Fund Holders: 75\nAverage Upside Potential as of February 15: 18.21%\nBlock, Inc. (NYSE:SQ), formerly Square, Inc (NYSE:SQ), is a leading player in the blockchain industry. The company rebranded itself as Block, Inc. (NYSE:SQ) to reflect the company\'s product offerings that are more diverse than just crypto. The company has been at the forefront of the blockchain revolution since its founding in 2009, and its products are being used by millions of customers worldwide. The company\'s Cash App is one of the most widely used payment services and\xa0offers a digital wallet that can be used to send and receive money, pay bills, and even buy and sell Bitcoin.\nOn January 23,\xa0Barclays analyst Ramsey El-Assal raised his price target on Block, Inc. (NYSE:SQ) to $103 from $100 and maintained an Overweight rating on the shares. The stock has received 11 Buy ratings from Wall Street analysts over the past 3 months and has an average price target of $89.07, which represents an upside of 18.21% from its closing price on February 15. Block, Inc. (NYSE:SQ) is one of the most promising blockchain stocks to buy now, according to analysts.\nAt the end of Q3 2022, 75 hedge funds held positions in Block, Inc. (NYSE:SQ) worth $3.41 billion. As of December 31, Cathie Wood\'sARK Investment Managementis the largest investor in Block, Inc. (NYSE:SQ) and has disclosed a position worth $565.7 million in the company.\nIn addition to Block, Inc. (NYSE:SQ), other blockchain stocks that analysts see promising upside to include Hut 8 Mining Corp. (NASDAQ:HUT), Applied Digital Corporation (NASDAQ:APLD), and Canaan Inc. (NASDAQ:CAN).\nNumber of Hedge Fund Holders: 126\nAverage Upside Potential as of February 15: 30.63%\nPayments giant PayPal Holdings, Inc (NASDAQ:PYPL) is a leader in the blockchain industry and a pioneer in the payments space. The company has been at the forefront of the digital payments revolution and has been actively involved in the development of blockchain technology. PayPal Holdings, Inc (NASDAQ:PYPL) has invested heavily in blockchain initiatives and has been one of the earliest adopters of cryptocurrency. The company offers users the ability to transact cryptocurrencies natively on its app. PayPal Holdings, Inc (NASDAQ:PYPL) is well-positioned to take advantage of the growth of the blockchain industry and to continue to be a leader in the space.\nIn addition to being one of analysts\' most promising blockchain stock picks, PayPal Holdings, Inc. (NASDAQ:PYPL) is also one of the mostundervaluedblockchain stocks to buy now.\nThis February,\xa0Wells Fargo analyst Jeff Cantwell raised his price target on PayPal Holdings, Inc. (NASDAQ:PYPL) to $97 from $95 and maintained an Overweight rating on the shares. Over the past 3 months the stock has received 19 Buy ratings from Wall Street analysts and has an average price target of $101.77. The stock\'s average price target represents a potential upside of 30.63% from its closing price on February 15.\nAt the end of the third quarter of 2022, 126 hedge funds were long PayPal Holdings, Inc (NASDAQ:PYPL) and disclosed positions worth $6.79 billion in the company. As of December 31,Citadel Investment Groupis the top investor in the company and holds a stake worth $481 million.\nHereis what\xa0RGA Investment Advisors had to say about PayPal Holdings, Inc. (NASDAQ:PYPL) in its fourth-quarter 2022 investor letter:\n“PayPal Holdings, Inc.(NASDAQ:PYPL) suffered with the slowdown in e-commerce, yet still will have outgrown e-commerce when we see final 2022 numbers. Much like Amazon, PayPal invested far too aggressively on the expectation of sustained elevated growth rates in e-commerce and unfortunately, unlike with Amazon, PayPal’s investment was on ancillary product excursions from which the company is already retrenching. The good news is that with this retrenchment, the company should once again return to its recipe of healthy top line growth and incremental margin leverage, but rather than grow back into their old margin structure they will have to cost-cut their way there.”\nNumber of Hedge Fund Holders: 24\nAverage Upside Potential as of February 15: 30.97%\nRobinhood Markets, Inc. (NASDAQ:HOOD) is a leading innovator in the blockchain industry, offering commission-free trading for both cryptocurrencies and traditional stocks. The company has quickly become a major player in the blockchain space, and its platform is used by millions of traders around the world.\xa0Robinhood Crypto has become a popular way for users to buy, sell, and store cryptocurrencies. With its continued focus on innovation and expansion, Robinhood Markets, Inc. (NASDAQ:HOOD) is well-placed to continue to be a major player in the blockchain industry.\nOver the past 3 months Robinhood Markets, Inc. (NASDAQ:HOOD) has received 3 Buy ratings and 5 Hold ratings from Wall Street analysts and has an average price target of $12.94. The stock\'s average price target represents an upside of 30.97% from current levels and places it among the most promising blockchain stock picks of Wall Street analysts.\nOn February 9,\xa0Deutsche Bank analyst Brian Bedell raised his price target on Robinhood Markets, Inc. (NASDAQ:HOOD) to $11 from $9 and reiterated a Hold rating on the shares.\nRobinhood Markets, Inc. (NASDAQ:HOOD) was a part of 24 investors\' portfolios at the end of Q3 2022. The total stakes of these hedge funds amounted to $740.19 million. As of December 31,ARK Investment Managementis the top shareholder in the company and has a position worth $238 million.\nNumber of Hedge Fund Holders: 11\nAverage Upside Potential as of February 15: 40.09%\nRiot Platforms, Inc. (NASDAQ:RIOT) is a leading Bitcoin mining company based in Colorado. The company has 3 business divisions:\xa0Bitcoin Mining, Data Center Hosting, and Electrical Products & Engineering. Riot Platforms, Inc. (NASDAQ:RIOT) is a pioneer in blockchain technology and is well-positioned to benefit from the tailwinds that are propelling the industry\'s growth.\nOn February 7,\xa0Roth MKM analyst Darren Aftahi updated his price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $12 from $13 and maintained a Buy rating on the shares. Riot Platforms, Inc. (NASDAQ:RIOT) is placed among the most promising blockchain stock picks of Wall Street analysts.\nRiot Platforms, Inc. (NASDAQ:RIOT) has a consensus Strong Buy rating among Wall Street analysts. The stock has received 5 Buy ratings from analysts over the past 3 months and has an average price target of $9.33, which implies an upside of 40.09% from current levels.\nAt the end of Q3 2022, 11 hedge funds were long Riot Platforms, Inc. (NASDAQ:RIOT) and disclosed positions worth $29.36 million in the company. As of December 31, Ken Griffin\'sCitadel Investment Groupis the largest shareholder in the company and has disclosed a stake worth $6.6 million.\nNumber of Hedge Fund Holders: 8\nAverage Upside Potential as of February 15: 50.94%\nMarathon Digital Holdings, Inc. (NASDAQ:MARA) is a Vegas-based tech company that is involved in cryptocurrency mining operations across the United States. The company is dedicated to the development and advancement of blockchain technology and is expected to gain significantly as the blockchain industry matures.\nOn February 2, Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced that it produced 687 Bitcoin in January 2023, up 45% from 475 which was the company\'s Bitcoin production in December 2022. The company also reportedly increased its installed Hash Rate to 11.0, up 206% year over year.\nThis January,\xa0DA Davidson analyst Christopher Brendler revised his price target on Marathon Digital Holdings, Inc. (NASDAQ:MARA) to $12 from $18 and reiterated a Buy rating on the shares. Over the past 3 months, Marathon Digital Holdings, Inc. (NASDAQ:MARA) has received 2 Buy ratings and 1 Hold rating from Wall Street analysts and is one of the most promising blockchain stocks to buy now. The stock has an average price target of $12 which represents an upside of 50.94% from its share price on February 15.\nAt the close of the third quarter of 2022, 8 hedge funds were bullish on Marathon Digital Holdings, Inc. (NASDAQ:MARA) and held stakes worth $9.19 million in the company.\nMarathon Digital Holdings, Inc. (NASDAQ:MARA) is expected to benefit from the growth of the blockchain industry. Other stocks that can benefit from the secular tailwinds propelling this sector include Hut 8 Mining Corp. (NASDAQ:HUT).\xa0Applied Digital Corporation (NASDAQ:APLD), and\xa0Canaan Inc. (NASDAQ:CAN).\nClick to continue reading and see5 Most Promising Blockchain Stocks According to Analysts.\nSuggested articles:\n• 10 Best Stocks to Buy for Investment\n• 10 Best Long-Term Stocks To Buy According to Buffett\n• 12 Most Profitable Robinhood Stocks\nDisclosure: None.10 Most Promising Blockchain Stocks According to Analystsis originally published on Insider Monkey.', 'In this article, we will discuss the 10 most promising blockchain stocks to buy now according to analysts. If you want to explore similar stocks, you can also take a look at 5 Most Promising Blockchain Stocks According to Analysts . The blockchain industry is a rapidly growing sector of the technology market that is revolutionizing the way businesses and individuals interact with each other. Blockchain technology, which is a distributed ledger system, is a form of digital ledger technology that records and stores information in a secure and immutable way. This technology is used to create digital assets, such as cryptocurrencies, and to facilitate smart contracts, which are self-executing digital agreements. Some Use Cases of Blockchain Technology While blockchain and crypto are often used interchangeably, cryptocurrency is just a popular use case of blockchain technology. Blockchain technology has many other use cases. Blockchains can be used to create secure identities and records, such as digital passports, birth certificates, and medical records. Blockchains can also be used in financial services to facilitate transactions, streamline accounting and regulatory compliance, and to protect data from malicious actors. Moreover, blockchain technology can also be used in supply chain management to track the origin and quality of products.\xa0Overall, blockchain technology has the potential to revolutionize the way we store and transfer data. Its use cases are vast and varied, and its potential is only just beginning to be explored. Blockchain Industry Outlook and Future Growth Prospects On February 13\xa0Algorand Foundation CEO, Staci Warden, appeared in an interview on Yahoo Finance Live where she discussed her outlook for blockchain technology and the value proposition it presents for managing personal finance as well as cater to other diverse use cases. According to Staci Warden, blockchain technology is expected to revolutionize 5 industries as it matures. First and foremost, blockchain technology is revolutionizing the smart payments industry. Staci Warden gave an example about how if two people living in different countries have to share media, they can do it via WhatsApp instantaneously. However, if two people living in different countries had to make a financial transaction, then "it has to travel through the correspondent banking system of the U.S., clear at the Fed, somebody takes in between 6% and 8% off the top and it might get there 4 days later". According to Staci Warden, "the fundamental value proposition of blockchain is actually that that currency doesn\'t move at all, it\'s that it\'s one ledger" and so it allows for a transaction between two individuals living in different countries to\xa0"happen immediately". Story continues Warden pointed out that blockchain technology can be leveraged for many other use cases including identity verification, supply chain management, creating a more efficient and transparent democratic governance system, and can also be used for creating digital tokens of real-world assets to increase their liquidity. The blockchain industry has seen tremendous growth in recent years, with many companies and organizations adopting this technology as a way to securely store data and facilitate transactions. According to a report by Grand View Research, the global blockchain technology industry was worth $10.02 billion in 2022 and is expected to grow at a compound annual growth rate of 87.7% from 2023 to 2030. The blockchain industry is expected to reach a value of $17.46 billion by the end of 2023, and is projected to grow to $1.43 trillion by 2030. The blockchain industry is still in its early stages, and there is a lot of potential for growth in the years to come.\xa0For early-stage investors, blockchain stocks can become potential multi-baggers as the sector continues to mature. Some of the most promising blockchain stocks to buy now include\xa0Hut 8 Mining Corp. (NASDAQ: HUT ).\xa0Applied Digital Corporation (NASDAQ: APLD ), and\xa0Canaan Inc. (NASDAQ: CAN ). 10 Most Promising Blockchain Stocks According to Analysts Copyright: sdecoret / 123RF Stock Photo Our Methodology To determine the most promising blockchain stocks, we primarily focused on pure-play blockchain technology companies. We also considered companies that are investing heavily in blockchain technology and are developing their native blockchain services. For these companies we picked blockchain stocks that have received wide coverage from Wall Street analysts and had consensus positive ratings. Finally, we narrowed down our selection to blockchain stocks that had the highest upside potential based on average analyst price targets. We have ranked our picks in ascending order of their average upside potential, as of February 15. Most Promising Blockchain Stocks According to Analysts 10. Block, Inc. (NYSE: SQ ) Number of Hedge Fund Holders: 75 Average Upside Potential as of February 15: 18.21% Block, Inc. (NYSE:SQ), formerly Square, Inc (NYSE:SQ), is a leading player in the blockchain industry. The company rebranded itself as Block, Inc. (NYSE:SQ) to reflect the company\'s product offerings that are more diverse than just crypto. The company has been at the forefront of the blockchain revolution since its founding in 2009, and its products are being used by millions of customers worldwide. The company\'s Cash App is one of the most widely used payment services and\xa0offers a digital wallet that can be used to send and receive money, pay bills, and even buy and sell Bitcoin. On January 23,\xa0Barclays analyst Ramsey El-Assal raised his price target on Block, Inc. (NYSE:SQ) to $103 from $100 and maintained an Overweight rating on the shares. The stock has received 11 Buy ratings from Wall Street analysts over the past 3 months and has an average price target of $89.07, which represents an upside of 18.21% from its closing price on February 15. Block, Inc. (NYSE:SQ) is one of the most promising blockchain stocks to buy now, according to analysts. At the end of Q3 2022, 75 hedge funds held positions in Block, Inc. (NYSE:SQ) worth $3.41 billion. As of December 31, Cathie Wood\'s ARK Investment Management is the largest investor in Block, Inc. (NYSE:SQ) and has disclosed a position worth $565.7 million in the company. In addition to Block, Inc. (NYSE:SQ), other blockchain stocks that analysts see promising upside to include Hut 8 Mining Corp. (NASDAQ:HUT), Applied Digital Corporation (NASDAQ:APLD), and Canaan Inc. (NASDAQ:CAN). 9. PayPal Holdings, Inc. (NASDAQ: PYPL ) Number of Hedge Fund Holders: 126 Average Upside Potential as of February 15: 30.63% Payments giant PayPal Holdings, Inc (NASDAQ:PYPL) is a leader in the blockchain industry and a pioneer in the payments space. The company has been at the forefront of the digital payments revolution and has been actively involved in the development of blockchain technology. PayPal Holdings, Inc (NASDAQ:PYPL) has invested heavily in blockchain initiatives and has been one of the earliest adopters of cryptocurrency. The company offers users the ability to transact cryptocurrencies natively on its app. PayPal Holdings, Inc (NASDAQ:PYPL) is well-positioned to take advantage of the growth of the blockchain industry and to continue to be a leader in the space. In addition to being one of analysts\' most promising blockchain stock picks, PayPal Holdings, Inc. (NASDAQ:PYPL) is also one of the most undervalued blockchain stocks to buy now. This February,\xa0Wells Fargo analyst Jeff Cantwell raised his price target on PayPal Holdings, Inc. (NASDAQ:PYPL) to $97 from $95 and maintained an Overweight rating on the shares. Over the past 3 months the stock has received 19 Buy ratings from Wall Street analysts and has an average price target of $101.77. The stock\'s average price target represents a potential upside of 30.63% from its closing price on February 15. At the end of the third quarter of 2022, 126 hedge funds were long PayPal Holdings, Inc (NASDAQ:PYPL) and disclosed positions worth $6.79 billion in the company. As of December 31, Citadel Investment Group is the top investor in the company and holds a stake worth $481 million. Here is what\xa0RGA Investment Advisors had to say about PayPal Holdings, Inc. (NASDAQ:PYPL) in its fourth-quarter 2022 investor letter: “ PayPal Holdings, Inc. (NASDAQ:PYPL) suffered with the slowdown in e-commerce, yet still will have outgrown e-commerce when we see final 2022 numbers. Much like Amazon, PayPal invested far too aggressively on the expectation of sustained elevated growth rates in e-commerce and unfortunately, unlike with Amazon, PayPal’s investment was on ancillary product excursions from which the company is already retrenching. The good news is that with this retrenchment, the company should once again return to its recipe of healthy top line growth and incremental margin leverage, but rather than grow back into their old margin structure they will have to cost-cut their way there.” 8. Robinhood Markets, Inc. (NASDAQ: HOOD ) Number of Hedge Fund Holders: 24 Average Upside Potential as of February 15: 30.97% Robinhood Markets, Inc. (NASDAQ:HOOD) is a leading innovator in the blockchain industry, offering commission-free trading for both cryptocurrencies and traditional stocks. The company has quickly become a major player in the blockchain space, and its platform is used by millions of traders around the world.\xa0Robinhood Crypto has become a popular way for users to buy, sell, and store cryptocurrencies. With its continued focus on innovation and expansion, Robinhood Markets, Inc. (NASDAQ:HOOD) is well-placed to continue to be a major player in the blockchain industry. Over the past 3 months Robinhood Markets, Inc. (NASDAQ:HOOD) has received 3 Buy ratings and 5 Hold ratings from Wall Street analysts and has an average price target of $12.94. The stock\'s average price target represents an upside of 30.97% from current levels and places it among the most promising blockchain stock picks of Wall Street analysts. On February 9,\xa0Deutsche Bank analyst Brian Bedell raised his price target on Robinhood Markets, Inc. (NASDAQ:HOOD) to $11 from $9 and reiterated a Hold rating on the shares. Robinhood Markets, Inc. (NASDAQ:HOOD) was a part of 24 investors\' portfolios at the end of Q3 2022. The total stakes of these hedge funds amounted to $740.19 million. As of December 31, ARK Investment Management is the top shareholder in the company and has a position worth $238 million. 7. Riot Platforms, Inc. (NASDAQ: RIOT ) Number of Hedge Fund Holders: 11 Average Upside Potential as of February 15: 40.09% Riot Platforms, Inc. (NASDAQ:RIOT) is a leading Bitcoin mining company based in Colorado. The company has 3 business divisions:\xa0Bitcoin Mining, Data Center Hosting, and Electrical Products & Engineering. Riot Platforms, Inc. (NASDAQ:RIOT) is a pioneer in blockchain technology and is well-positioned to benefit from the tailwinds that are propelling the industry\'s growth. On February 7,\xa0Roth MKM analyst Darren Aftahi updated his price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $12 from $13 and maintained a Buy rating on the shares. Riot Platforms, Inc. (NASDAQ:RIOT) is placed among the most promising blockchain stock picks of Wall Street analysts. Riot Platforms, Inc. (NASDAQ:RIOT) has a consensus Strong Buy rating among Wall Street analysts. The stock has received 5 Buy ratings from analysts over the past 3 months and has an average price target of $9.33, which implies an upside of 40.09% from current levels. At the end of Q3 2022, 11 hedge funds were long Riot Platforms, Inc. (NASDAQ:RIOT) and disclosed positions worth $29.36 million in the company. As of December 31, Ken Griffin\'s Citadel Investment Group is the largest shareholder in the company and has disclosed a stake worth $6.6 million. 6. Marathon Digital Holdings, Inc. (NASDAQ: MARA ) Number of Hedge Fund Holders: 8 Average Upside Potential as of February 15: 50.94% Marathon Digital Holdings, Inc. (NASDAQ:MARA) is a Vegas-based tech company that is involved in cryptocurrency mining operations across the United States. The company is dedicated to the development and advancement of blockchain technology and is expected to gain significantly as the blockchain industry matures. On February 2, Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced that it produced 687 Bitcoin in January 2023, up 45% from 475 which was the company\'s Bitcoin production in December 2022. The company also reportedly increased its installed Hash Rate to 11.0, up 206% year over year. This January,\xa0DA Davidson analyst Christopher Brendler revised his price target on Marathon Digital Holdings, Inc. (NASDAQ:MARA) to $12 from $18 and reiterated a Buy rating on the shares. Over the past 3 months, Marathon Digital Holdings, Inc. (NASDAQ:MARA) has received 2 Buy ratings and 1 Hold rating from Wall Street analysts and is one of the most promising blockchain stocks to buy now. The stock has an average price target of $12 which represents an upside of 50.94% from its share price on February 15. At the close of the third quarter of 2022, 8 hedge funds were bullish on Marathon Digital Holdings, Inc. (NASDAQ:MARA) and held stakes worth $9.19 million in the company. Marathon Digital Holdings, Inc. (NASDAQ:MARA) is expected to benefit from the growth of the blockchain industry. Other stocks that can benefit from the secular tailwinds propelling this sector include Hut 8 Mining Corp. (NASDAQ:HUT).\xa0Applied Digital Corporation (NASDAQ:APLD), and\xa0Canaan Inc. (NASDAQ:CAN). Click to continue reading and see 5 Most Promising Blockchain Stocks According to Analysts . Suggested articles: 10 Best Stocks to Buy for Investment 10 Best Long-Term Stocks To Buy According to Buffett 12 Most Profitable Robinhood Stocks Disclosure: None. 10 Most Promising Blockchain Stocks According to Analysts is originally published on Insider Monkey.', "Illustration by Mitchell Preffer for Decrypt Most leading coins grew in value this week , largely offsetting the losses inflicted last week—the first red week of 2023. Meanwhile, regulators in Europe and the Americas were having heated discussions about how to reign in crypto. The U.S. Securities and Exchange Commission (SEC) last week hit Kraken with a $30 million fine and ordered the exchange to shut down its staking service. This week, the agency lined up Terra in its crosshairs. Across the Atlantic, the European Central Bank (ECB) told European banks to cap their crypto holdings to hedge against crypto’s inherent risks. The move came a week after the bloc published a new legal draft obliging banks to assign crypto the highest possible risk rating. The conversation around regulation continued over on Crypto Twitter. Coinbase CEO Brian Armstrong was looking for people in Washington to talk strategy with over a cup of coffee on Monday: I’m in Washington D.C. and had a meeting canceled. Will be at the Dirksen Senate Office building snack bar for the next hour or so, if anyone wants to come chat about crypto and how we get crypto legislation + regulatory clarity this year. — Brian Armstrong (@brian_armstrong) February 13, 2023 Also that day, popular NFT collector Cozomo de’ Medici—who may be an alias of rap legend and NFT fan Snoop Dogg —announced he was donating a shedload of digital art to the Los Angeles County Museum of Art. 1/ Announcing the first donation of on-chain art from a collector to a museum, and the largest digital fine art collection to enter a museum 22 works from The Cozomo de' Medici Collection have been added to the permanent collection of the Los Angeles County Museum of Art (LACMA) pic.twitter.com/6ePSznorrM — Cozomo de’ Medici (@CozomoMedici) February 13, 2023 Valentine’s Day meant heartbreak for at least 22 former employees of NFT marketplace Magic Eden, as the company undergoes “restructuring.” 🧵 Today is a sad day at Magic Eden. As part of a company-wide restructuring, we have made the difficult decision to part ways with 22 teammates. Nothing about this decision takes away from the talent, hardwork and dedication of this incredible group of people. pic.twitter.com/2LAGfK9dMV — Jack Lu (@0xLeoInRio) February 14, 2023 Fox journalist Eleanor Terrett shared a suggestion for regulating stablecoins by Lee Reiners, a policy director at Duke Financial Economics Center. Story continues instead of allowing issuers to be regulated as banks or bank subsidiaries, which the President’s Working Group recommended in November 2021. “If stablecoin issuers are forced to become banks, it would give stablecoins instant credibility, propel the growth of DeFi- a new form — Eleanor Terrett (@EleanorTerrett) February 14, 2023 Milena Mayorga, an Ambassador of El Salvador to the U.S., tweeted that she was in Texas talking to Deputy Secretary of the Government of Texas, Joe Esparza, about opening up a Bitcoin mission, or “embassy,” in the country’s second-largest state. El estado de Texas, nuestro nuevo aliado. En mi encuentro con el Secretario Adjunto del Gobierno de Texas, Joe Esparza @TXsecofstate , abordamos la apertura de la segunda Embajada #Bitcoin y de ampliar los proyectos de intercambios comerciales y económicos. 🇺🇸🤝🇸🇻 pic.twitter.com/NcmOjeadl6 — Milena Mayorga (@MilenaMayorga) February 14, 2023 If you think big crypto lobbying groups like Blockchain Association represent retail, think again, said crypto advocate Chris Bles on Wednesday. Here’s a list of the companies that fund @BlockchainAssn . Lots of corporations. Zero people like you. They are the ones out there “educating” regulators and politicians. They represent corporate & VC interests. Not YOUR interests. They can - and will - sell your ass out. pic.twitter.com/F5WNM1ka1r — Chris Blec (@ChrisBlec) February 15, 2023 An account called @LeonidasNFT , who describes themself as an “NFT Historian” on Thursday tweeted news about the sale of the most expensive digital rock doodle on Bitcoin. It looks suspiciously like an EtherRock . This clip art rock stored on Bitcoin just sold for $90,092. The bull market is back. pic.twitter.com/cGyQGTm5T2 — Leonidas.og (@LeonidasNFT) February 16, 2023 On Friday, an artist who goes by the handle @Jdotcolombo accused Yuga Labs of shamelessly plagiarizing its iconic skull logo. The company blamed a freelance designer and promised to replace the drawing. Bro @BoredApeYC @yugalabs what a fucking joke bahahahahaha you got some explaining to do. 4/5/21 and your kennels came out 6/21 and you went and trademarked this skull. Are you guys ok or have you bumped your heads? https://t.co/HiLFdbnFL5 pic.twitter.com/FJigzJgBr8 — COLOMBO (@Jdotcolombo) February 17, 2023 That day, Caitlin Long, founder of crypto bank Custodia, posted an open letter to Washington asking for a seat at the table when it comes to discussions about crypto regulation. She also hinted that she’d previously shared with law enforcement concerns that a huge crypto company would go bust and take its customers with it, long before it actually happened, but was met with deaf ears. 2/ First, the revelations. Today, I’m publicly disclosing for the first time that (a) I handed over evidence to law enforcement of probable crimes committed by a big crypto fraud, starting months before that company imploded and stuck its millions of customers with losses, and... — Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) February 17, 2023 The SEC versus everyone Crypto Twitter was aggressively locking horns with the SEC this week as the agency continued its regulation-by-enforcement (crackdown) strategy on the industry with several aggressive maneuvers. Kraken founder and former CEO Jesse Powell was still seeing red from last week. Ope
**Last 60 Days of Bitcoin's Closing Prices:**
[16817.54, 16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-19
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $479,089,676,494
- Hash Rate: 315328983.1570423
- Transaction Count: 240406.0
- Unique Addresses: 569883.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A New York City woman has been charged with using cryptocurrency to provide financial support to terrorist groups in Syria , a rare prosecution involving virtual currency to fund terrorism. The 11-count indictment charged Victoria Jacobs, 43, who was known as Bakhrom Talipov, with providing support for an act of terrorism, money laundering and other crimes. Jacobs provided material support to Hay'at Tahrir al-Sham, a U.S. State Department-designated foreign terrorist organization, and provided more than $5,000 to the terrorist training group Malhama Tactical, which fought with and provided special tactical and military training to Hay'at Tahrir al-Sham, the indictment said. MORE: Meta says it will share software in attempt to combat terrorism, human trafficking "This case marks the first time that terrorism financing is being prosecuted in New York State Court and is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism," Manhattan District Attorney Alvin Bragg said in a statement. Jacobs allegedly laundered $10,661 on behalf of Malhama Tactical by receiving cryptocurrency and Western Union and MoneyGram wires from supporters around the globe and sending the funds to Bitcoin wallets controlled by Malhama Tactical. In addition to sending cryptocurrency, she also purchased Google Play gift cards for the organization, according to the indictment. In October 2018, the defendant saved notes on her cellphone, which the indictment quoted as saying "Assalamu aleykum my dear brothers and sisters, we currently are buildings new place (train camp), it's getting cold and we need new place, who want help us and support can do this safely and anonymously by Bitcoin wallet. Send me DM for details. Retweet." PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple and Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. (Dado Ruvic/Reuters/Illustration, FILE) In December 2019, Jacobs provided a comprehensive U.S. Army Improvised Munitions Handbook to an online group -- which she believed was associated with both Hay'at Tahrir al-Sham and al-Qaeda affiliated Jihadist group Hurras al-Din -- to facilitate their bomb-making efforts in Syria, the indictment said. Story continues Prosecutors said Jacobs bought military-style combat knives, metal knuckles and throwing stars in August 2021 that were found in her Upper East Side apartment. MORE: NYC bike path terror attack suspect found guilty "Disturbingly, approximately one month later, on September 21-22, 2021, the defendant, in a Telegram chat, claimed to be a 'brother' who was 'behind enemy lines' and asked for prayers for the 'courage, strength, guidance, and wisdom to carry out certain missions,'" Assistant District Attorney Edward Burns said in a court filing. "Along with these statements, defendant posted a 15-second video clip of an unknown person ominously moving around with a firearm," he continued. "The timing of this post and the defendant's acquisition of the weapons supports the conclusion that she intended to use the weapons in an unlawful manner." Jacobs is being held without bail. In a parallel investigation, federal prosecutors in Brooklyn charged four defendants in December with crowdfunding support for ISIS using cryptocurrency, Bitcoin wallets, GoFundMe and PayPal to collect what they called "blood money." New York City woman charged with financing terrorist groups in Syria through cryptocurrency originally appeared on abcnews.go.com...
- Reddit Posts (Sample): [['u/Darken-kun', 'Opinion: Bitcoin is gold, Monero is money', 54, '2023-02-19 02:37', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/', "I've seen this debate lately about which one has the highest chance to be adopted as a global currency.\n\nBoth are decentralized and can fight censorship, but one fundamental difference of Bitcoin over Monero is it halving cicles and fixed maximum supply. This gives the scarcity characteristic to Bitcoin.\n\nMonero on the other hand managed to successfully reach tail emission with no maximum supply. So the value of each Monero becomes its use case rather than scarcity, which is to be used as money.\n\nI don't know which one has more potential to be adopted in the future, though. In the today's scenario, where Central Bank Currencies with standard surveillance are to become a thing and privacy by default will be requested from the citizens, I believe Monero will be used for online payments over distances and Bitcoin Lightning for in person P2P trades on their mobile phones.\n\nHowever, if Monero can overcome this and implement layer 2 solutions, the use of Bitcoin won't be needed at all.\n\n(Every other cryptocurrency is a scam btw)", 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/', '115y2ic', [['u/AmadeusBlackwell', 36, '2023-02-19 03:19', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j943ehw/', "This dichotomy only matters if you're interested in holding Monero instead of spending it. \n\nMonero has BTC beat as far as being digital cash. Layer 2 solutions aren't necessary if the goal of the currency is to be currency. If you want all that layer 2 bloat that ETH and ADA has, then go to do business there as VB and Hoskinson sell you out to the feds.", '115y2ic'], ['u/Exchange_REC', 10, '2023-02-19 04:07', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j949e4p/', 'I think most merchants would consider 3-5 confirmations (Monero)/1-2 confirmations (Bitcoin) as settled', '115y2ic'], ['u/bdoc50', 28, '2023-02-19 06:09', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j94n3go/', 'Gold is gold, Monero is money if you want it to be.', '115y2ic'], ['u/learnerpen', 12, '2023-02-19 07:29', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j94ueyt/', "Merchants accept zero confirm. All the time. It's the big purchases that would recommend multi confirmations. And those parties don't mind.", '115y2ic'], ['u/EmilyLovs', 51, '2023-02-19 09:13', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j952jtk/', "Pumps XMR...declares every other crypto a scam (eye roll).\n\nRegulation is setting the stage for CBDCs coercion.\n\nCBDCs coercion will drive dark market demand.\n\nDark market demand will drive privacy assets.\n\nPrivacy assets demand will drive atomic swaps & DEX supporting privacy assets.\n\nIn the end, you'll end up a serf or a sovereign.\n\nSerfs will have their bug rations delivered via CBDCs, if they are a good obedient slave bitch.\n\nSovereigns will be operating in the dark markets.\n\nChoose your side, and establish your positions, before it becomes blatantly obvious to the mindless masses.", '115y2ic'], ['u/the_rodent_incident', 16, '2023-02-19 09:46', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j9550ix/', "Those who understand are either shadowbanned or downvoted to oblivion.\n\nThe king has no clothes. But you're not supposed to say it out loud.", '115y2ic'], ['u/aQbaPlayGames', 23, '2023-02-19 12:11', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95f6f4/', 'Gold is Gold, Btc is useless garbage on par with "first" comments under youtube videos. \nMonero is Money', '115y2ic'], ['u/Doublespeo', 12, '2023-02-19 14:05', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95o7qa/', 'There absolutly no reason to believe Bitcoin is Gold therefore Monero is money.\n\nMonero is fungible Bitcoin is not, comparing Bitcoin to Gold is just wrong.\n\nMonero is Gold, Monero is Money.\n\nBitcoin is… something else. inferior money compared to Gold, inferior stroge of value compred to Gold (fungiblity is part of the the reason but not only). \n\nIt is some sort of high friction token on a transparent ledger, not gold, not money.', '115y2ic'], ['u/Doublespeo', 12, '2023-02-19 14:08', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95ohu1/', '>\tGold is gold, Monero is money if you want it to be.\n\nWell said but I would say there is an argument to say that Monero can be comapred to gold but not Bitcoin (fungibility).', '115y2ic'], ['u/Kaltane', 10, '2023-02-19 17:36', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j96e5uk/', 'I got a bit horny with what you said.', '115y2ic']]], ['u/thepantsalethia', 'How Can I Buy Bitcoin Anonymously?', 37, '2023-02-19 02:56', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/', 'Is this even possible? Thank you.', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/', '115ygqs', [['u/iconoclast63', 13, '2023-02-19 02:57', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j940qhg/', 'Peer to peer. Find someone who has BTC and is willing to sell it to you directly.', '115ygqs'], ['u/longonbtc', 28, '2023-02-19 03:01', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j9417c5/', 'You should buy bitcoin from another person (peer to peer) if you want to buy bitcoin without providing your personal information to anyone.\n\nYou can buy bitcoin directly from someone that owns bitcoin and that is willing to sell you some. You can buy bitcoin from someone that you meet at a Bitcoin meetup that is willing to sell you some. You can buy bitcoin from a bitcoin seller that advertise on a classified ad websites like Craigslist or Gumtree. Or you can use a peer to peer cryptocurrency exchange to easily buy bitcoin directly from a person that is willing to sell bitcoin to other people.\n\nhttps://bisq.network, https://learn.robosats.com, https://agoradesk.com, https://localcoinswap.com, and https://hodlhodl.com are some of the peer to peer cryptocurrency exchanges that make it easy to find someone to buy bitcoin from peer to peer. Bisq is also open source and decentralized. \n\nAll five of those peer to peer cryptocurrency exchanges that I listed do not require you to provide any of your personal information in order to buy or sell bitcoin. Some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do request your name or ID because of certain laws or regulations. And some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do not request any of your personal information.', '115ygqs'], ['u/dbudlov', 10, '2023-02-19 13:05', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j95j4by/', 'Because only the buyer and seller know about it', '115ygqs']]], ['u/Dazzling_Lime2021', 'Bitcoin has pumped 50% within less than 2 months, that is anything but "slow" or "boring"', 107, '2023-02-19 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/', "Some people with crypto portfolios avoid investing in Bitcoin nowadays because they think it's too slow at moving. It's 14 years old, has shown it's massive gains in it's early cycles, and now provides diminished returns. But despite all that, when it does move it's still impressive. We're barely into this year, still with a bad macro environment, and Bitcoin is up 50% in a blink of an eye.\n\nYes there are plenty of alts that rise much more faster and I'm not a Bitcoin maxi, those are always fun to explore. But Bitcoin has been king for a reason, it's withstood the test of time so far and keeps chugging along. And despite all the new VC money, retail interest and new crypto companies that came up in 2021, the Bitcoin dominance hasn't hit it's lows of 2018. I think it'll probably go lower eventually but thought it was a worthwhile fact to mention.\n\nWhen no one is interested and the price is seemingly doing nothing, it shocks everyone once it gets going. Do not underestimate how quickly Bitcoin can move", 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/', '1161hjd', [['u/Scarcedflame', 27, '2023-02-19 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94jgrf/', "Idk bro if I ain't doubling my money every month what's the point", '1161hjd'], ['u/Kappatalizable', 14, '2023-02-19 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94jkq4/', '>and Bitcoin is up 50% in a blink of an eye.\n\nYou blink for 2 months? Thats impressive', '1161hjd'], ['u/FldLima', 31, '2023-02-19 06:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94m7g7/', 'This rally showed me how important is to just keep buying and ignore the swings because you will eventually catch the bottom (as well as the "top") and you WONT regret not staying in the market.\n\nWith that being said...\n\n*Deploys more money*', '1161hjd'], ['u/Flying_Koeksister', 11, '2023-02-19 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94rxdf/', 'DCA has always been my cornerstone for crypto', '1161hjd']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, February 19, 2023', 30, '2023-02-19 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/', '11622eg', [['u/EricFromOuterSpace', 21, '2023-02-19 09:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j951z27/', 'I’ve been in and out since 2016.\n\nThis is feeling like back up the truck if you’re timeline is longer than 5 years.\n\nYMMV.\n\nBut this is what I’m doing.', '11622eg'], ['u/nationshelf', 12, '2023-02-19 11:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j95awxa/', 'In hindsight, it will have been obvious. In the present, it’s unknowable. Catch 22.', '11622eg'], ['u/52576078', 16, '2023-02-19 13:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j95jz05/', "The question I keep coming back to is, even if the macro bottom isn't in and we see some kind of global credit event later this year, maybe similar to March 2020, will Bitcoin necessarily fall any lower than say 20k? It feels like FTX was really something exceptional, we broke the 4-year rule and the 200WMA. Part of me feels that that was so exceptional and it shook out some long term holders, so could it really happen again? \n\nOn the other hand, March 2020 happened, and I guess that something of a similar shock level could absolutely bring a world of pain (or opportunity depending on your perspective) again.\n\nThat said, it does feel like buying right now will look very wise in 8 years from now.", '11622eg'], ['u/imissusenet', 14, '2023-02-19 15:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j95xpea/', 'Some charts for a sleepy Sunday:\n\n[https://imgur.com/a/CNLE48z](https://imgur.com/a/CNLE48z)\n\nI track the 91-D (13-W) SMA. Over the last 4 years, when BTC has been in an uptrend, it has often bounced between 1.0x and 1.3x the 13-W. The top chart shows BTC price, the 13-W, and the ratio of price to the SMA. The price is currently 1.29x the 13-W. The 13-W is $19.17K and increasing about $85/day.\n\nThe second chart shows the how long the price stays above or below the 13-W. When the price is meandering around the 13-W, you get a lot of short (<14 day) streaks. When the price is in a clear up or down trend, you got longer runs. Once an uptrend has the price above the 13-W for more than 14 days, they tend to last at least 55-60 days. If it makes it past 70 days, they tend to run much longer. Through yesterday, the price has been above the 13-W for 39 days.', '11622eg'], ['u/adepti', 15, '2023-02-19 15:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j95zo0q/', 'This seems to be the consensus on this sub, major resistance around 25k then once broken easy ride to 30k.. but since when has bitcoin done what the consensus thinks ?', '11622eg'], ['u/mrlegday', 12, '2023-02-19 16:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j962evh/', 'OI has risen in the past few days in such an amount that is promising a very violent ending to this.', '11622eg'], ['u/EquitiesFIRE', 12, '2023-02-19 16:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j965ygw/', 'That was a spicy 15 minute candle', '11622eg'], ['u/snek-jazz', 16, '2023-02-19 16:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j966g3o/', 'this slow steady weekend action is beautiful', '11622eg'], ['u/xtal_00', 14, '2023-02-19 16:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j9672pu/', 'Take profit hit @ 24950. \\~35% profit. \n\nWill let the shorts and long degenerates fight it out and look for an entry when the dust settles. \n\nWill do something irresponsible if we test back 24k.', '11622eg'], ['u/diydude2', 17, '2023-02-19 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j96cgm8/', "The last time the traditional Sunday Dump became the Sunday Pump (on a regular basis) we chugged up the mountain to an ATH. Doesn't seem like the right period in the STF/four-year cycle for that, but the market was so far out of equilibrium with all the dumping of fraudulently obtained BTC to tamp down the blowoff top in late '21 that anything is possible. \n\nStill in my long from 22.4. Will probably close around 30.", '11622eg'], ['u/cryptojimmy8', 14, '2023-02-19 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j96jm2o/', 'Thought we were finally piercing through 25k there.', '11622eg'], ['u/Shootinsomebball', 10, '2023-02-19 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j96l5z5/', 'Now you don’t have a bottle of scotch or a position', '11622eg'], ['u/EquitiesFIRE', 12, '2023-02-19 19:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j96rs4e/', 'Like tipping over a fridge you got to rock it back and forth a few times', '11622eg'], ['u/xtal_00', 16, '2023-02-19 19:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j96yrbh/', 'So much cope.', '11622eg'], ['u/logicalinvestr', 25, '2023-02-19 20:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j97068h/', "Pretty much all of these posts boil down to two things: Bitcoin uses a lot of energy and the poster doesn't see any valid use case for it. Every post is just some iteration of that. They're pretty worn out arguments and it's clear Bitcoin isn't going anywhere at this point. Get on board, get out of the way, or get run over.", '11622eg'], ['u/cryptosareagirlsbf', 17, '2023-02-19 21:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j978sms/', "Probably better than being [this guy](https://www.reddit.com/r/Buttcoin/comments/113o7yb/comment/j8t9olg/?utm_source=share&utm_medium=web2x&context=3).\n\n>I remember when I first heard about bitcoin in about 2009 or early 2010 I asked an engineer friend about it and he clearly laid out how ridiculous the whole thing was \\[...\\] \n> \n> \n> \n>He really let me have it and gave me a double barreled shotgun blast of reality, and I'm super thankful for his candor.\n\n*Super thankful.* I would love to meet one of these people, just so hard to believe they are for real.", '11622eg'], ['u/Magikarpeles', 12, '2023-02-19 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j97c3m6/', 'wow, thank you SO much for saving me from immense wealth 🤣', '11622eg'], ['u/logicalinvestr', 10, '2023-02-19 22:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/11622eg/daily_discussion_sunday_february_19_2023/j97i5xi/', '"it\'s only useful as a cross-border, censorship- resistant medium of exchange...but I don\'t personally need that right now, so it has no value to anyone anywhere ever."\n\nGod the privilege on that sub is astounding.', '11622eg']]], ['u/rBitcoinMod', 'Daily Discussion, February 19, 2023', 52, '2023-02-19 07:03', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/1158ct4/daily_discussion_february_18_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/', '116352n', [['u/Corbimos', 15, '2023-02-19 08:00', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j94x0vd/', "A friend got really heated with me about Bitcoin. (I do talk about it too much so that part of the equation is understandable)\n\nBasically told me that he won't do any research or investigate further because he doesn't care about it. Says he's already come to terms that he will work till the day he dies. He will only use it if everyone else uses it. Would rather put USD into savings or bonds because that's what the majority use, and acknowledges his money loses purchasing power every year. Absolutely refuses to listen or read anything that educates him on the subject at all.\n\nIs this what we are really up against? Willful ignorance and apathetic views on anything they aren't already familiar with?\n\nEveryone gets in at the price they deserve. Tick tock, next block.", '116352n'], ['u/escodelrio', 11, '2023-02-19 14:14', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j95p3fb/', 'Historical Bitcoin prices for today, February 19th:\r \n\r \n2023 - $24,668\r \n2022 - $40,116\r \n2021 - $55,923\r \n2020 - $9,593\r \n2019 - $3,922\r \n2018 - $11,160\r \n2017 - $1,053\r \n2016 - $420\r \n2015 - $240\r \n2014 - $618\r \n2013 - $29\n\nVia [Twitter](https://twitter.com/btchistorical/status/1627261879566344193)', '116352n'], ['u/Carnotaur3', 10, '2023-02-19 17:38', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j96ej1j/', 'Bears weakening', '116352n'], ['u/EDC86', 16, '2023-02-19 17:46', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j96fnaq/', 'Every green candle up their ass takes a little more out of them.', '116352n'], ['u/WangLUL', 12, '2023-02-19 18:55', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j96pnav/', 'Nothing can stop bitcoin', '116352n'], ['u/HurricaneHarvey7', 11, '2023-02-19 19:09', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j96rp8q/', "They won't let us have $25k 😡", '116352n'], ['u/Scorpio11777', 13, '2023-02-19 19:09', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j96rqon/', 'Good to see 24k is the new 16k.', '116352n'], ['u/LiteratureUsual614', 10, '2023-02-19 20:59', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j977mru/', 'They know we’ll want 26k after it.', '116352n'], ['u/lurker_derp', 17, '2023-02-19 21:49', 'https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/j97esmu/', "It's certainly related to people", '116352n']]], ['u/grauenwolf', "Why the Bitcoin surge? It's because Binance is collapsing.", 306, '2023-02-19 07:29', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/', '> Customers who can’t redeem their Binance BUSD are using them to buy bitcoins or tethers, or whatever liquid coin they can get their hands on. This is why bitcoin is pumping again and is now bouncing around the $24,000 range.\n\nhttps://davidgerard.co.uk/blockchain/2023/02/18/crypto-collapse-sec-tightening-crypto-custody-rules-why-you-cant-cash-out-your-busd-binance-and-catherine-coley-sec-charges-terra-luna/', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/', '1163k0v', [['u/aShittierShitTier4u', 108, '2023-02-19 08:04', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j94x9d5/', 'Exiting to liquidity from the pumped position, now requires navigation out of a maze of bouncing bags, which necessarily trap the majority of bag holders, for the winners to have enough fiat to walk away from the game profitably.', '1163k0v'], ['u/Zahpow', 43, '2023-02-19 08:08', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j94xkt8/', 'Are there any major exchanges left?', '1163k0v'], ['u/rush-2049', 73, '2023-02-19 08:27', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j94z3wa/', 'Coinbase?', '1163k0v'], ['u/Remarkable-Ad155', 130, '2023-02-19 09:40', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j954isk/', "Interesting to see this in action; I and others have speculated for a while now that the $ price of bitcoin is really the stablecoin price and a collapse of a stable coin would look like btc pumping. \n\nQuestion is, who is on the other side of those trades? Why would you buy a Binance BUSD that's basically worthless with increasingly in demand btc? The only answer to this surely is that bitcoin whales are in cahoots with the exchanges/tether etc and are willing to sacrifice some of their horde to preserve the value of the rest and bail out the stablecoin scam before any grown ups notice.", '1163k0v'], ['u/spookmann', 21, '2023-02-19 09:42', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j954oml/', 'This is good for crypto!', '1163k0v'], ['u/Middle_Personality_3', 23, '2023-02-19 10:23', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j957p75/', 'This is good for bitcoin.', '1163k0v'], ['u/ComedyGodl', 11, '2023-02-19 10:30', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95865u/', "Don't offend him. Address his comment, not his intelligence. That we can judge on our own.", '1163k0v'], ['u/Atsch', 22, '2023-02-19 10:36', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j958lax/', 'If you ignore all of the fires and simply focus on one single number going up for a bit, then yes', '1163k0v'], ['u/wsb_duh', 12, '2023-02-19 10:42', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j9590ss/', 'A temporary bump in price because rats are scrambling to get off a ship does not make a viable investment thesis.', '1163k0v'], ['u/incubus4282', 42, '2023-02-19 11:02', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95afao/', 'Not that many exchanges failed recently. Coinbase, Kraken, Huobi, OKX, Gemini, and Binance are all still here. At least until now.\n\n\n\nHowever the crypto lending institutions have been failing left and right: Celsius, Voyager, Vault, Gemini Earn, and many other similar (ponzi) institutions have died recently.', '1163k0v'], ['u/highestofthelow', 39, '2023-02-19 11:06', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95anxp/', 'also asian players like OKX, kucoin, bybit are still big.', '1163k0v'], ['u/YunataSavior', 15, '2023-02-19 11:15', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95bb6h/', "Bitcoin surges are fueled by cryptoasset lending. The fact it's still surging suggests there's still someone going full Celsius and/or FTX. Whoever this is, they're going to meet the same fate sooner or later", '1163k0v'], ['u/pragmojo', 44, '2023-02-19 11:22', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95btsu/', "It is actually a really good question though - I mean how does BUSD maintain it's peg to USD if it can't be traded for dollars anymore?", '1163k0v'], ['u/uwu2420', 10, '2023-02-19 11:23', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95bugr/', 'I’m not a huge fan of Binance but I also haven’t heard any credible claims of BUSD not being redeemable.', '1163k0v'], ['u/Franks2000inchTV', 10, '2023-02-19 11:54', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95e1m6/', 'You\'re confusing the BTC:USD price with the BTC:USDT price because you\'re assuming that 1 USD = 1 USDT.\n\nIf the two are no longer equal then the price of bitcoin can "go up" while each bitcoin becomes worth less.', '1163k0v'], ['u/celiatec', 35, '2023-02-19 12:59', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95ioqb/', '> Question is, who is on the other side of those trades?\n\nIts Tether and other stablecoins. Tether for example printed several billion new USDT, right before before and during the pump.', '1163k0v'], ['u/r_xy', 16, '2023-02-19 13:02', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95ixiy/', "I think the heart of the issue is that some people can still redeem BUSD, so they have a great arbitrage. Them buying and redeeming is what keeps the price pegged.\n\nOthers cannot redeem because they cant pass KYC for whatever reason (including the real possiblity that paxos' KYC department is receiving way more requests than they can handle) so they sell their BUSD to those that can at a slight premium.", '1163k0v'], ['u/r_xy', 24, '2023-02-19 13:08', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95jd20/', 'from what i can tell, some entities (that passed KYC before the crisis started) can still redeem BUSD. if there are enough of them that they cant collude to raise the premium, the peg should hold until paxos runs out of money.', '1163k0v'], ['u/Background_Aside_825', 11, '2023-02-19 14:30', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95qn4b/', "You have to do full KYC and AML to redeem BUSD now, so it'll be individual criminals / persona non grata according to the US that can't cash out", '1163k0v'], ['u/SinibusUSG', 29, '2023-02-19 14:47', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95sfst/', 'Does Coinbase fully count, though? It\'s kind of like the anti-proof of concept. All the exchanges that were actually successful in terms of profiting have been exposed as giant scams, basically. Whereas Coinbase kinda just sits there saying "we believe Crypto can work on a legitimate basis!" while hemorrhaging billions in losses every year. Not exactly a viable business plan.', '1163k0v'], ['u/goldfishpaws', 12, '2023-02-19 14:55', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95t8ix/', "It's not a terrible plan TBH - Amazon lost money hand over fist until they became the only game in town. But it's like a game of who will blink first...", '1163k0v'], ['u/grauenwolf', 11, '2023-02-19 14:56', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95tdfz/', 'I was wondering that myself.\n\nIt could be Binance themselves. They could be making a profit by selling Bitcoin at inflated prices, which they previously purchased using the real money that backed their stablecoin. Risky, but plausible.', '1163k0v'], ['u/SinibusUSG', 38, '2023-02-19 15:01', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95tyvv/', "Problem being that Amazon was fighting for market share in a proven profitable industry (effectively retail sales). Once they gained it they were able to leverage economies of scale to streamline their logistics and dramatically reduce costs to then take advantage of said share.\n\nCoinbase is fighting for market share in an industry that has thus far had two modes:\n\n1) Scam\n\n2) Giant money hole\n\nIt's like having cornered the market on flesh-eating bacteria.", '1163k0v'], ['u/grauenwolf', 14, '2023-02-19 15:15', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95vgnb/', 'I still wonder what would have happened if adults were running Sears at the dawn of the internet instead of a petulant man child.\n\nWould Sears have become what we now see as Amazon? Or would the famous Sears Catalog only contain their products?', '1163k0v'], ['u/Liberty_Chip_Cookies', 21, '2023-02-19 15:30', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j95x962/', 'Sears suffered one of the worst cases of bad timing in the history of capitalism. They shut down their catalog division in 1993, so they lost all that infrastructure before most people knew what an ‘internet’ was. \n\nThe fact that Eddie Lampert later swooped in and ran the company into the ground with his Ayn Randian business theories just added insult to injury.', '1163k0v'], ['u/grauenwolf', 21, '2023-02-19 16:19', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j963jan/', 'I\'m sorry, I meant to say "a series of petulant man-childs". \n\n> In 1984, together with IBM (IBM) and (for a time) CBS, the company [Sears] created what would become Prodigy, a pre-web online portal. Built on a private network, it was distinct from the Internet but presaged it in many ways, offering email, games, news, weather, sports, and shopping.\n\nThey had online shopping a decade before the Internet became available to the public. Arguably they invented online shopping.\n\nBut instead of investing in it, Sears chased short-term profits.\n\nHow hard would it have been to tape a Prodigy disk to their annual catalog? AOL has no problem finding their advertising in a similar fashion.', '1163k0v'], ['u/i-can-sleep-for-days', 12, '2023-02-19 16:57', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j968mzc/', 'I still don’t understand. Say BUSD is dumping and people are buying bitcoin with it. Who is selling bitcoin for BUSD? Are there people who are converting BUSD to tether? But then turn around and buy bitcoin at a higher price with the tether?', '1163k0v'], ['u/grauenwolf', 21, '2023-02-19 17:06', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j969wrf/', "> Who is selling bitcoin for BUSD?\n\nWho says anyone is?\n\nMaybe I am holding my Bitcoin in Binance. It could be a deposit, or collateral for a loan to by some other shitcoin. And Binance is using my Bitcoin to maintain the price of Binance BUSD.\n\nI wouldn't know until months or years later when I try to withdraw my Bitcoin, only to find out that Binance doesn't have it.", '1163k0v'], ['u/grauenwolf', 20, '2023-02-19 17:32', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j96dnqn/', "Possibly. \n\nPonzi schemes can last a surprisingly long time. How many times was Madoff almost caught?\n\nHere is a partial list of the years in which someone reported his fraud to the SEC.\n\n* 1992\n* 1999\n* 2000 \n* 2001\n* 2004\n* 2005\n* 2007\n\nWho predicted when FTX was going to crash? They seemed to be untouchable until they weren't.", '1163k0v'], ['u/LostSoulNothing', 10, '2023-02-19 19:15', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j96snmn/', "Madoff lasted so long because he was a very established and respected figure in the industry and was also running a successful and legitimate business in parallel with his Ponzi scheme. Same reason why warnings of the questionable dealings leading up to the 2008 collapse weren't taken as seriously as they should have been. Crypto, on the other hand, is generally viewed with at least some suspicion and the SEC is already investigating Binance so I predict their days are numbered.", '1163k0v'], ['u/LostSoulNothing', 11, '2023-02-19 20:08', 'https://www.reddit.com/r/Buttcoin/comments/1163k0v/why_the_bitcoin_surge_its_because_binance_is/j9708yz/', 'For much of the time he was running the Ponzi scheme he was also running a legitimate business as a market maker', '1163k0v']]], ['u/hdhfhfhduu', 'Move out or stay with parents?', 173, '2023-02-19 07:58', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/', 'Hello, I’m 23 years old, with a salary of 28k, increasing to 30k next year living in Scotland, I currently take home around £1900 every month and invest the majority of that into index funds, and a little into Bitcoin.\n\nI’m currently living with my parents, and I’m fortunate enough that they do not charge me to stay at home, other than occasional food purchases, however my partner and I would be looking to purchase a cheap flat locally around the price range of 60-90k, I currently have around £8000 in a help to buy isa meaning the deposit money is ready, and I’ve worked out my half of the total monthly costs of living to be around £6-700 a month.\n\nI’m in a constant battle with myself over when I should move out, at the moment I can comfortably invest around £1600 monthly which will be giving me a great head start in terms of my goals, however once I move out that may drop to £800-1000, I’m seeking opinions on how long I should take advantage of staying at home before I make the financial sacrifice of moving out?\n\nIt would improve my quality of life to move out now by cutting 30 min travel time each way to work and allowing more independence, but the financial side of it leaves me uncertain due to the effects of long term compound, opinions appreciated, thank you.', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/', '11640gn', [['u/AncientImprovement56', 325, '2023-02-19 08:06', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j94xg6n/', 'This is much more a personal question than a financial one. Financially, staying with your parents is great for saving money, but there will come a point (and it sounds like you\'re reaching in now) that everyone becomes slightly fed up of that situation. \n\nIt\'s also worth noting that spending money on a house is different to spending money on almost anything else. Almost everything you buy loses value; house prices have historically gained value. Obviously there\'s no guarantee this will continue, and there are other costs associated with home ownership, but it does mean you\'re not "back to square one" if you spend all your savings on a home.', '11640gn'], ['u/hdhfhfhduu', 12, '2023-02-19 08:11', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j94xtj1/', '!Thanks, I think I did just need some consolation that I wasn’t making a mistake if I were to move out, I’d hate to regret it in the future but I do perhaps think about money a little too much in my life.', '11640gn'], ['u/Cultural_Tank_6947', 128, '2023-02-19 08:16', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j94y8yz/', "Bang on - having independence and improved quality of life (as OP said) isn't free.\n\nIn purely financial terms, living with parents is the best for the bank balance / net worth. But so is never going on vacation. \n\nIt's not always about saving the most money but it's about spending money on things that add the most value to your life.", '11640gn'], ['u/rnay758', 308, '2023-02-19 09:43', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j954r3b/', 'Dude, you’re taking this investment thing too seriously, you don’t need to invest £1600 out of your £1900 take home (84%!). You’re young, you have a partner, you live in beautiful Scotland (which outside of Edinburgh and a few other wealthy spots, is quite cheap to buy property), you need to move out and reduce your investments to 20% of income and enjoy life. Go travelling, experience new things, have some adventures and make memories', '11640gn'], ['u/rxyyzorr', 183, '2023-02-19 09:46', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j9550sm/', 'I’m all for people being smart with money from such a young age but Gordon Bennett, you’re 23 enjoy yourself a little. Stop stressing about “only” being able to save 50% of your monthly salary. \n\nIt’s a first property with your partner, you want to enjoy that moment rather than worrying about saving every last penny possible. The cost of living will no doubt be a massive shock at first, you’ll end up spending on things you hadn’t taken into account. The property might need some repairs or improvements done which’ll set you back, your partner even might want to go for a nice meal that’ll put a dent in how much you save that month! 🤣', '11640gn'], ['u/Nielips', 20, '2023-02-19 09:54', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j955jj3/', "Don't buy a place somewhere with someone until you have lived with them for at least 6 months.", '11640gn'], ['u/GosephJoebbels', 390, '2023-02-19 09:56', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j955p76/', "Going against the grain but I'd rent with your partner for a little bit first. Living with your partner is a hell of a lot different and if it doesn't work out, it's far less hassle than if you'd bought somewhere together.", '11640gn'], ['u/Aggravating-Doubt-65', 13, '2023-02-19 10:00', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j9561mi/', 'Your mortgage payment you see as an expense but that in its self is investing.\n\nThough you may want to take advantage of living at home a little longer and lay off stocks for a few months and put the money into a larger deposit, as with interest rates higher that would make sense if you are able to.', '11640gn'], ['u/Johnlenham', 63, '2023-02-19 10:12', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j956weg/', 'Yeah 100%', '11640gn'], ['u/fffast', 30, '2023-02-19 10:18', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j9579xd/', 'Definitely this, especially if you are limiting your experiences to save', '11640gn'], ['u/mrbennjjo', 18, '2023-02-19 10:58', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95a5v5/', 'Only thing I\'d check in on from a "personal advice" more than financial advice is whether you\'ve ever lived with your partner before? \n\nIt\'s often one thing being in a relationship where you have your own space 100% of the time to actually living with someone else. I\'d suggest possibly renting together in a property of a similar size to the ones you\'re planning on buying with your partner whilst you work things out, it\'s not necessarily the macro best financial decision - but neither is buying a house which you end up wanting to move out of within 6 months (buying a house has quite a few lost one time costs) because you realise that living with each other doesn\'t work.', '11640gn'], ['u/BreqsCousin', 148, '2023-02-19 10:59', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95a8es/', 'Yeah I am pro "move out" but anti "buy a place straight away".', '11640gn'], ['u/Efficient_Act3439', 19, '2023-02-19 11:24', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95bxdw/', "Do a try before you buy. Move out and rent with your partner. Depending on where and how you rent, you will have a 2,3 or 6 month break clause. That is the perfect amount of time where you will figure out a lot of things together and a good trial run. \n\nThen buy.\n\nThe problem if you buy now and something goes wrong in your relationship because you haven't lived together, it just makes things more complicated.\n\nWith rent you avoid that, figure things out together then can plan accordingly.\n\nTry now buy later.\n\n \nbest of luck", '11640gn'], ['u/RunningDude90', 14, '2023-02-19 12:07', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95ewi8/', 'Why not rent somewhere for a year with plan to buy at the end, and live with your partner for at least 6 months before deciding to buy together.', '11640gn'], ['u/2023mustgo', 76, '2023-02-19 12:38', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95h5j1/', 'As someone who bought their first house with a partner they had never lived with and fairly soon after had to figure out how to split it, I second this suggestion!', '11640gn'], ['u/Puzzleheaded-Fix8182', 27, '2023-02-19 13:05', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95j52b/', 'Seen it go wrong too many times. Buying the other one out', '11640gn'], ['u/Waqqy', 108, '2023-02-19 13:16', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95k0cz/', 'No he said 20%', '11640gn'], ['u/cambucaz', 56, '2023-02-19 13:28', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95kz7i/', 'Rare to see a Gordon Bennett expletive and if I could award you i would!', '11640gn'], ['u/rithotyn', 20, '2023-02-19 13:38', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95luhe/', '60%?', '11640gn'], ['u/spacetimebear', 18, '2023-02-19 13:41', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95m3tv/', 'This, 100% rent with your partner first for at least a year and see how you get on', '11640gn'], ['u/ilaister', 14, '2023-02-19 14:11', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j95ouzh/', "Or staying on the ex's mortgage for 10 yrs cos her new bf is a renegade.", '11640gn'], ['u/headphones1', 13, '2023-02-19 16:13', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j962q2h/', "As much as Iove my fiancée, she certainly does things that I overlook for the sake of our relationship. Examples include small piles of clothes she has worn and may or may not wear again, only to make a decision if she will wear again on the day we do laundry, then all of a sudden there's too many clothes to wash in a single cycle. Or the fact that she will go through four different mugs in a day... or sometimes one mug for four days. The fact that I highlighted these things can also say a lot about me too. \n\nYou won't know what someone's little quirks are until you are living with them and around them all the time. In fact, four years later, I'm still learning them.\n\nPeople in general are bloody annoying. By renting with them you can test your compatibility further before tying yourself into something very serious and difficult to untangle, such as a house purchase with a mortgage,", '11640gn'], ['u/2023mustgo', 16, '2023-02-19 16:25', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j964b9p/', 'We’d been together 18 months, were adults, we’d spent lots of time at each other’s places, been on holiday, had the sensible money/future talks etc. neither of us had any doubts at all. 6 months of living together and we were done and quite happy never to set eyes on each other again! \n\nSome couples are lucky, or perhaps willing to put up with more which I suspect is what your driving at, but there is no substitute for actually sharing your living space 24/7.', '11640gn'], ['u/rxyyzorr', 12, '2023-02-19 16:33', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j965emv/', 'I’ve never once told OP to settle down with his/her partner, but you’re implying OP needs to shag around to have fun because being in a relationship at 23 and settling down can’t be just that, which is a strange take.', '11640gn'], ['u/2023mustgo', 13, '2023-02-19 16:38', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j9660vx/', '\nIf you have advice to give to the OP based on your own experiences please just do that and stop whatever this is that you think you’re doing.', '11640gn'], ['u/2023mustgo', 16, '2023-02-19 16:59', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j9690ia/', '12 months beats 25 years!', '11640gn'], ['u/Betaky365', 27, '2023-02-19 17:22', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j96c83n/', 'This is so full of assumptions and bias. \n\nThe OP is 23. Their prefrontal cortex isn’t even fully developed yet.\n\nTo buy with someone they never lived with, whilst they never even lived alone would very very easily end up in a split. \n\nAnd the point of living with someone isn’t to then get married. Lots of people don’t get married these days cause it’s not the 1950s anymore, there’s no reason to other than tradition. \n\nLive your life the way you want to, but don’t assume your way of living is the ONLY correct one.', '11640gn'], ['u/purehallion', 16, '2023-02-19 18:01', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j96hubq/', 'This is the point I\'m at atm, I\'m 25 and have been at home for ages and just started my first "real" job, I could afford to move out and rent somewhere decent on my own but the idea that if I can tough it out for another 2/3 years living at home I could afford to get a decent house of my own. It\'s a tough reality check', '11640gn'], ['u/Betaky365', 18, '2023-02-19 18:11', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j96jc6n/', 'You think renting first before getting your finances entangled with someone is irresponsible, but buying together when the OP hasn’t even ever lived without his parents isn’t? \n\nI guess most people consider your advice irresponsible, and no one is angry.', '11640gn'], ['u/Betaky365', 12, '2023-02-19 18:25', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j96l9l2/', 'Other people have, and you called it irresponsible.', '11640gn'], ['u/SonHyun-Woo', 10, '2023-02-19 19:49', 'https://www.reddit.com/r/UKPersonalFinance/comments/11640gn/move_out_or_stay_with_parents/j96xmmg/', 'I echo your sentiment! Im 25 and moved to London after I graduated. Realised it was NOT worth it living by myself and moved back home. Best decision financially even it means sacrificing my freedom in the short term. Im saving more money than I ever was and want to continue to build that personal wealth before I commit to what OP wants to do.', '11640gn']]], ['u/slvbtc', 'If banks do not do this they will become as relevant as blockbuster in the age of netflix', 29, '2023-02-19 07:59', 'https://www.reddit.com/r/Bitcoin/comments/11640vu/if_banks_do_not_do_this_they_will_become_as/', 'Strike is the blueprint, send dollars and recieve...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name.\nFounded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks.\nThe subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze.\nThe subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched acyrpto-specific subredditin the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, andsportingthe logo’s yellow hair.\nBut long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according toRogozinski’s filed complaint.\nReddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.”\n“Reddit’s justification was a pretext—people use Reddit to market and sell everythingfrom investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.”\nWallStreetBets Founder Wants to Make Stocks More Like Crypto\nOf the seven other claims for which the founder seeks damages—which total at least $1 million, according toReuters—Rogozinski also claimed Reddit infringed on a federally registered trademark.\nIn late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.”\nThe lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.”\nWallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin\nReddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson toldDecryptvia email. “This lawsuit is another transparent attempt to enrich himself.”\nThe company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk.\n“It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”', 'Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name. Founded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks. The subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze. The subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched a cyrpto-specific subreddit in the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, and sporting the logo’s yellow hair. But long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according to Rogozinski’s filed complaint . Reddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.” Story continues “Reddit’s justification was a pretext—people use Reddit to market and sell everything from investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.” WallStreetBets Founder Wants to Make Stocks More Like Crypto Of the seven other claims for which the founder seeks damages—which total at least $1 million, according to Reuters —Rogozinski also claimed Reddit infringed on a federally registered trademark. In late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.” The lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.” WallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin Reddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson told Decrypt via email. “This lawsuit is another transparent attempt to enrich himself.” The company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk. “It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”', 'Bitcoin fell below US$24,000 in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization on Monday in Asia. Solana posted the most gains in that list while leading memecoin Dogecoin dropped the most.\nSee related article:Japan to launch digital yen pilot programme in April\n• Bitcoin fell 2.76% in the last 24 hours to trade at US$23,927 as of 9:15 a.m. in Hong Kong, but was still up 11.9% over the past week,according to CoinMarketCap. Ethereum lost 0.97% to US$1,661, and has gained 11.2% over the past seven days.\n• Solana was up 4.6% to US$24.62, a weekly gain of 15.6%. The network has been holding its “Build through the Bear”hackathon this month, which invites community members to build on the blockchain, offering US$50,000 in USDC for the top prize. The hackathon ends on March 14.\n• Dogecoin fell 2% to US$0.087, but was still trading up 6.6% over the past seven days. XRP slipped 1.7% to US$0.38, though was still trading 3% higher for the past week.\n• The total crypto market capitalization reached US$1.13 trillion overnight, the highest since August 2022, before falling to US$1.12 trillion at 9:15 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 14.4% to US$54.9 billion.\n• U.S. equities had a mixed day of trading on Friday. The Dow Jones Industrial Average rose 0.4%, but the S&P 500 Index fell 0.3%, and the Nasdaq Composite Index closed the day down 0.6%. Wall Street will be closed on Monday for Presidents’ Day.\n• Many major U.S. retailers are slated to release their holiday seasonearnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday.\n• The earning reports are set to come amid growing recessionary concerns in the U.S., as the Federal Reserve has raised interest rates from near zero to 4.5% to 4.75% to tamp down on inflation. While some have criticized the Fed for raising rates too sharply, the central bank maintains it will be able to achieve a “soft landing” to bring down inflation without triggering a recession.\n• The latest Consumer Price Index data showed that inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November.\n• Analysts at theCME Group predictan 85% chance that the Fed will raise rates by another 25 basis points next month.\nSee related article:Wemade’s WEMIX token surges after relisting on South Korea’s Coinone exchange', 'Bitcoin fell below US$24,000 in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization on Monday in Asia. Solana posted the most gains in that list while leading memecoin Dogecoin dropped the most. See related article: Japan to launch digital yen pilot programme in April Fast facts Bitcoin fell 2.76% in the last 24 hours to trade at US$23,927 as of 9:15 a.m. in Hong Kong, but was still up 11.9% over the past week, according to CoinMarketCap . Ethereum lost 0.97% to US$1,661, and has gained 11.2% over the past seven days. Solana was up 4.6% to US$24.62, a weekly gain of 15.6%. The network has been holding its “Build through the Bear” hackathon this month , which invites community members to build on the blockchain, offering US$50,000 in USDC for the top prize. The hackathon ends on March 14. Dogecoin fell 2% to US$0.087, but was still trading up 6.6% over the past seven days. XRP slipped 1.7% to US$0.38, though was still trading 3% higher for the past week. The total crypto market capitalization reached US$1.13 trillion overnight, the highest since August 2022, before falling to US$1.12 trillion at 9:15 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 14.4% to US$54.9 billion. U.S. equities had a mixed day of trading on Friday. The Dow Jones Industrial Average rose 0.4%, but the S&P 500 Index fell 0.3%, and the Nasdaq Composite Index closed the day down 0.6%. Wall Street will be closed on Monday for Presidents’ Day. Many major U.S. retailers are slated to release their holiday season earnings this week , starting with Walmart Inc. and Home Depot Inc. on Tuesday. The earning reports are set to come amid growing recessionary concerns in the U.S., as the Federal Reserve has raised interest rates from near zero to 4.5% to 4.75% to tamp down on inflation. While some have criticized the Fed for raising rates too sharply, the central bank maintains it will be able to achieve a “ soft landing ” to bring down inflation without triggering a recession. The latest Consumer Price Index data showed that inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November. Analysts at the CME Group predict an 85% chance that the Fed will raise rates by another 25 basis points next month. See related article: Wemade’s WEMIX token surges after relisting on South Korea’s Coinone exchange', 'Bitcoin fell below US$24,000 in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization on Monday in Asia. Solana posted the most gains in that list while leading memecoin Dogecoin dropped the most.\nSee related article:Japan to launch digital yen pilot programme in April\n• Bitcoin fell 2.76% in the last 24 hours to trade at US$23,927 as of 9:15 a.m. in Hong Kong, but was still up 11.9% over the past week,according to CoinMarketCap. Ethereum lost 0.97% to US$1,661, and has gained 11.2% over the past seven days.\n• Solana was up 4.6% to US$24.62, a weekly gain of 15.6%. The network has been holding its “Build through the Bear”hackathon this month, which invites community members to build on the blockchain, offering US$50,000 in USDC for the top prize. The hackathon ends on March 14.\n• Dogecoin fell 2% to US$0.087, but was still trading up 6.6% over the past seven days. XRP slipped 1.7% to US$0.38, though was still trading 3% higher for the past week.\n• The total crypto market capitalization reached US$1.13 trillion overnight, the highest since August 2022, before falling to US$1.12 trillion at 9:15 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 14.4% to US$54.9 billion.\n• U.S. equities had a mixed day of trading on Friday. The Dow Jones Industrial Average rose 0.4%, but the S&P 500 Index fell 0.3%, and the Nasdaq Composite Index closed the day down 0.6%. Wall Street will be closed on Monday for Presidents’ Day.\n• Many major U.S. retailers are slated to release their holiday seasonearnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday.\n• The earning reports are set to come amid growing recessionary concerns in the U.S., as the Federal Reserve has raised interest rates from near zero to 4.5% to 4.75% to tamp down on inflation. While some have criticized the Fed for raising rates too sharply, the central bank maintains it will be able to achieve a “soft landing” to bring down inflation without triggering a recession.\n• The latest Consumer Price Index data showed that inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November.\n• Analysts at theCME Group predictan 85% chance that the Fed will raise rates by another 25 basis points next month.\nSee related article:Wemade’s WEMIX token surges after relisting on South Korea’s Coinone exchange', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin tests $25,000, and here\'s what has to happen for it to break $30,00.\nInsights:The June arrival in Hong Kong of a framework for Virtual Asset Service Providers, such as exchanges, will not give retail investors access to crypto. But will that change?\nHere\'s How Bitcoin Hits $30,000\nCoinDesk Market Index (CMI)\n1,133\n−4.6▼0.4%\nBitcoin (BTC)\n$24,364\n−295.1▼1.2%\nEthereum (ETH)\n$1,682\n−11.3▼0.7%\nS&P 500\n4,079.09\n−11.3▼0.3%\nGold\n$1,847\n+6.3▲0.3%\nNikkei 225\n27,513.13\n−183.3▼0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nHappy Monday. While the U.S. is off for Presidents’ Day, bitcoin was recently trading at $24,226, and ether $1,689, both in the red at close to 2% and 1.5% respectively in the past 24 hours, as Asia begins the work week.\nIn the last week, bitcoin has gained over 11% while ether gained 9%. Layer 1s like Solana, Polkadot, and Polygon have also made double-digit gains, up 20%, 19%, and 18.5% respectively.\nDOGE is up 5% on week and SHIB is up 4%, having seen their gains from anElon Musk tweetlast week tested by the market. Floki, named after Musk’s dog, is down 7% on-day but still up 108% for the week.\nJoe DiPasquale, CEO of crypto fund manager BitBull Capital, says that $23,000 is bitcoin’s new support level and the next week is critical if bitcoin is to hit $30,000.\n“It was critical for Bitcoin to reclaim $23,000 if we were to see more upside action,” he told CoinDesk in a note. “With February coming to an end, another bullish monthly close may be what the market needs for Bitcoin to test $30,000.”\nDiPasquale thinks we’ll see the market consolidating if not going up, with a limited downside in the short term.\nLooking to the next week, Coinbase is scheduled to post earnings and investors areexpecting lukewarm results. With regulators in theU.S. looking to cut off crypto’s banking access, Coinbase executives will probably have a lot to say on the topic.\nLet’s see if crypto’s upward rally can hold.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+1.9%", "DACS Sector": "Currency"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22121.5%", "DACS Sector": "Currency"}]\nNo, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1\nAnearlier versionof this story appeared Feb. 17 on CoinDesk.\nHong Kong is warming up to crypto, and a licensing regime for Virtual Asset Service Providers (VASP) – the local term for crypto exchanges – begins on June 1.\nDoes this mean crypto will be "fully legal" in the city for everyone, as a tweet suggests? Not at all.\nWhile the situation may change later, for now theVASP frameworkfor licensing exchanges, which just finished amultiyear consultation, allows them to provide access only to accredited professional investors. Retail investors are excluded.\nThe Hong Kong government has indicated that the Securities and Futures Commission (SFC), its securities regulator, may consider retail access to virtual asset services in the future, after further consultation.\nIn January, Reuters reported the SFC is in the process ofconsidering which cryptocurrenciesto offer to retail investors should the door eventually be opened to them. CEO Julia Leung is quoted as saying that only “highly liquid” assets will be on the list, and the choices will be very limited at first.\nThe city\'s authorities see June 1 as an opportunity, saying "Brand Hong Kong" is much more highly regarded worldwide than, say, Seychelles or St. Kitts and Nevis. The regulator isexpanding its headcountto deal with an anticipated flurry of license applications.\n“We’re able to bring together investments globally,” Christopher Hui, secretary for Financial Services and the Treasury (FSTB),said in an earlier interview with CoinDesk. “We can manage and also channel these investments in a well-regulated and also sustainable manner.”\nHong Kong’s credibility comes from its “rule of law, regulation, commercial modus operandi,” Hui said, and this translates well from traditional finance to crypto.\nOthers in Hong Kong, however, see things differently.\n"For those platforms operated outside of Hong Kong, we see little incentive to incorporate in Hong Kong, establish an office here, go through the strict licensing requirements, as the local market is small," Leo Weese, co-founder of the Bitcoin Association of Hong Kong,wrote in a 2021 post. "Local institutional investors will be able to interact with foreign platforms through their foreign subsidiaries."\nStill, he\'s optimistic the new regulations "can reintroduce clarity and stability after years of uncertainty," Weese said in an interview. "It is important that individuals are granted the easy access to bitcoin they have become accustomed to in the past 12 years."\nThose individuals, the retail investors, are bound to be excited by the chance to use a local Hong Kong entity to trade. After all, there isno capital gains taxin Hong Kong, and Japan shows what happens whenretail investors are able to tradein a regulated environment. Post-FTX, Japanese traders seem to be living in a parallel world, where their tokens were stored with a custodian and funds are being returned.\nBut it\'s not quite the retail investors\' turn yet in Hong Kong. That\'s still a work in progress.\n2:00 p.m. HKT/SGT(6:00 UTC)Eurozone Consumer Confidence (Feb)\n9:00 p.m. HKT/SGT(13:00 UTC)Australia S&P Global Services PMI (Feb)\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia Meeting Minutes\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC Sues Terraform Labs, Do Kwon for Misleading Investors; Bitcoin Retreats\nThe U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder Do Kwon on Thursday. Coinbase Chief Policy Officer Faryar Shirzad and Former CFTC Chairman Timothy Massad weighed in, as the SEC alleges that Terraform and Kwon misled investors on a number of issues. Plus, Arca Head of Research Katie Talati reacted to bitcoin (BTC) falling after touching its highest level since August.\nHeadlines\nOpenSea Goes Zero-Fee, Creator Royalties Optional:The top NFT marketplace’s policy shift stems from competition with popular zero-fee marketplace Blur.\nCelsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy:A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender\'s multi-billion-dollar intercompany claim, court filings show.\nUnlike Merge, Ethereum\'s Shanghai Upgrade Could Bring Ether Price Volatility:Institutional liquidity provider OrBit Markets suggests buying an ether volatility swap to profit from an expected increase in price turbulence after the Shanghai upgrade.\nArbitrum Native Decentralized Exchange Camelot Growing Massively in February:The price of GRAIL, the native token for Camelot, has soared 520% since Feb. 1, per CoinGecko.\nJapan Will Launch Pilot for Issuing Digital Yen in April:The move comes after more than two years of proof-of-concept experiments by the BoJ.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin tests $25,000, and here\'s what has to happen for it to break $30,00. Insights: The June arrival in Hong Kong of a framework for Virtual Asset Service Providers, such as exchanges, will not give retail investors access to crypto. But will that change? Prices Here\'s How Bitcoin Hits $30,000 CoinDesk Market Index (CMI) 1,133 −4.6 ▼ 0.4% Bitcoin (BTC) $24,364 −295.1 ▼ 1.2% Ethereum (ETH) $1,682 −11.3 ▼ 0.7% S&P 500 4,079.09 −11.3 ▼ 0.3% Gold $1,847 +6.3 ▲ 0.3% Nikkei 225 27,513.13 −183.3 ▼ 0.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Happy Monday. While the U.S. is off for Presidents’ Day, bitcoin was recently trading at $24,226, and ether $1,689, both in the red at close to 2% and 1.5% respectively in the past 24 hours, as Asia begins the work week. In the last week, bitcoin has gained over 11% while ether gained 9%. Layer 1s like Solana, Polkadot, and Polygon have also made double-digit gains, up 20%, 19%, and 18.5% respectively. DOGE is up 5% on week and SHIB is up 4%, having seen their gains from an Elon Musk tweet last week tested by the market. Floki, named after Musk’s dog, is down 7% on-day but still up 108% for the week. Joe DiPasquale, CEO of crypto fund manager BitBull Capital, says that $23,000 is bitcoin’s new support level and the next week is critical if bitcoin is to hit $30,000. “It was critical for Bitcoin to reclaim $23,000 if we were to see more upside action,” he told CoinDesk in a note. “With February coming to an end, another bullish monthly close may be what the market needs for Bitcoin to test $30,000.” DiPasquale thinks we’ll see the market consolidating if not going up, with a limited downside in the short term. Looking to the next week, Coinbase is scheduled to post earnings and investors are expecting lukewarm results . With regulators in the U.S. looking to cut off crypto’s banking access , Coinbase executives will probably have a lot to say on the topic. Story continues Let’s see if crypto’s upward rally can hold. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +5.3% Smart Contract Platform Polkadot DOT +3.8% Smart Contract Platform Shiba Inu SHIB +1.9% Currency Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −4.1% Smart Contract Platform Terra LUNA −1.6% Smart Contract Platform Dogecoin DOGE −1.5% Currency Insights No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1 An earlier version of this story appeared Feb. 17 on CoinDesk. Hong Kong is warming up to crypto, and a licensing regime for Virtual Asset Service Providers (VASP) – the local term for crypto exchanges – begins on June 1. Does this mean crypto will be "fully legal" in the city for everyone, as a tweet suggests? Not at all. While the situation may change later, for now the VASP framework for licensing exchanges, which just finished a multiyear consultation , allows them to provide access only to accredited professional investors. Retail investors are excluded. America risks losing it\'s status as a financial hub long term, with no clear regs on crypto, and a hostile environment from regulators. Congress should act soon to pass clear legislation. Crypto is open to everyone in the world and others are leading. The EU, the UK, and now HK. https://t.co/i9WeUZ7K6H — Brian Armstrong (@brian_armstrong) February 16, 2023 The Hong Kong government has indicated that the Securities and Futures Commission (SFC), its securities regulator, may consider retail access to virtual asset services in the future, after further consultation. In January, Reuters reported the SFC is in the process of considering which cryptocurrencies to offer to retail investors should the door eventually be opened to them. CEO Julia Leung is quoted as saying that only “highly liquid” assets will be on the list, and the choices will be very limited at first. The city\'s authorities see June 1 as an opportunity, saying "Brand Hong Kong" is much more highly regarded worldwide than, say, Seychelles or St. Kitts and Nevis. The regulator is expanding its headcount to deal with an anticipated flurry of license applications. “We’re able to bring together investments globally,” Christopher Hui, secretary for Financial Services and the Treasury (FSTB), said in an earlier interview with CoinDesk . “We can manage and also channel these investments in a well-regulated and also sustainable manner.” Hong Kong’s credibility comes from its “rule of law, regulation, commercial modus operandi,” Hui said, and this translates well from traditional finance to crypto. Others in Hong Kong, however, see things differently. "For those platforms operated outside of Hong Kong, we see little incentive to incorporate in Hong Kong, establish an office here, go through the strict licensing requirements, as the local market is small," Leo Weese, co-founder of the Bitcoin Association of Hong Kong, wrote in a 2021 post . "Local institutional investors will be able to interact with foreign platforms through their foreign subsidiaries." Still, he\'s optimistic the new regulations "can reintroduce clarity and stability after years of uncertainty," Weese said in an interview. "It is important that individuals are granted the easy access to bitcoin they have become accustomed to in the past 12 years." Those individuals, the retail investors, are bound to be excited by the chance to use a local Hong Kong entity to trade. After all, there is no capital gains tax in Hong Kong, and Japan shows what happens when retail investors are able to trade in a regulated environment. Post-FTX, Japanese traders seem to be living in a parallel world, where their tokens were stored with a custodian and funds are being returned. But it\'s not quite the retail investors\' turn yet in Hong Kong. That\'s still a work in progress. Important events 2:00 p.m. HKT/SGT(6:00 UTC) Eurozone Consumer Confidence (Feb) 9:00 p.m. HKT/SGT(13:00 UTC) Australia S&P Global Services PMI (Feb) 11:30 p.m. HKT/SGT(15:30 UTC) Reserve Bank of Australia Meeting Minutes CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : SEC Sues Terraform Labs, Do Kwon for Misleading Investors; Bitcoin Retreats The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder Do Kwon on Thursday. Coinbase Chief Policy Officer Faryar Shirzad and Former CFTC Chairman Timothy Massad weighed in, as the SEC alleges that Terraform and Kwon misled investors on a number of issues. Plus, Arca Head of Research Katie Talati reacted to bitcoin (BTC) falling after touching its highest level since August. Headlines OpenSea Goes Zero-Fee, Creator Royalties Optional: The top NFT marketplace’s policy shift stems from competition with popular zero-fee marketplace Blur. Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy : A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender\'s multi-billion-dollar intercompany claim, court filings show. Unlike Merge, Ethereum\'s Shanghai Upgrade Could Bring Ether Price Volatility : Institutional liquidity provider OrBit Markets suggests buying an ether volatility swap to profit from an expected increase in price turbulence after the Shanghai upgrade. Arbitrum Native Decentralized Exchange Camelot Growing Massively in February : The price of GRAIL, the native token for Camelot, has soared 520% since Feb. 1, per CoinGecko. Japan Will Launch Pilot for Issuing Digital Yen in April : The move comes after more than two years of proof-of-concept experiments by the BoJ.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin tests $25,000, and here\'s what has to happen for it to break $30,00.\nInsights:The June arrival in Hong Kong of a framework for Virtual Asset Service Providers, such as exchanges, will not give retail investors access to crypto. But will that change?\nHere\'s How Bitcoin Hits $30,000\nCoinDesk Market Index (CMI)\n1,133\n−4.6▼0.4%\nBitcoin (BTC)\n$24,364\n−295.1▼1.2%\nEthereum (ETH)\n$1,682\n−11.3▼0.7%\nS&P 500\n4,079.09\n−11.3▼0.3%\nGold\n$1,847\n+6.3▲0.3%\nNikkei 225\n27,513.13\n−183.3▼0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nHappy Monday. While the U.S. is off for Presidents’ Day, bitcoin was recently trading at $24,226, and ether $1,689, both in the red at close to 2% and 1.5% respectively in the past 24 hours, as Asia begins the work week.\nIn the last week, bitcoin has gained over 11% while ether gained 9%. Layer 1s like Solana, Polkadot, and Polygon have also made double-digit gains, up 20%, 19%, and 18.5% respectively.\nDOGE is up 5% on week and SHIB is up 4%, having seen their gains from anElon Musk tweetlast week tested by the market. Floki, named after Musk’s dog, is down 7% on-day but still up 108% for the week.\nJoe DiPasquale, CEO of crypto fund manager BitBull Capital, says that $23,000 is bitcoin’s new support level and the next week is critical if bitcoin is to hit $30,000.\n“It was critical for Bitcoin to reclaim $23,000 if we were to see more upside action,” he told CoinDesk in a note. “With February coming to an end, another bullish monthly close may be what the market needs for Bitcoin to test $30,000.”\nDiPasquale thinks we’ll see the market consolidating if not going up, with a limited downside in the short term.\nLooking to the next week, Coinbase is scheduled to post earnings and investors areexpecting lukewarm results. With regulators in theU.S. looking to cut off crypto’s banking access, Coinbase executives will probably have a lot to say on the topic.\nLet’s see if crypto’s upward rally can hold.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+1.9%", "DACS Sector": "Currency"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22121.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22121.5%", "DACS Sector": "Currency"}]\nNo, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1\nAnearlier versionof this story appeared Feb. 17 on CoinDesk.\nHong Kong is warming up to crypto, and a licensing regime for Virtual Asset Service Providers (VASP) – the local term for crypto exchanges – begins on June 1.\nDoes this mean crypto will be "fully legal" in the city for everyone, as a tweet suggests? Not at all.\nWhile the situation may change later, for now theVASP frameworkfor licensing exchanges, which just finished amultiyear consultation, allows them to provide access only to accredited professional investors. Retail investors are excluded.\nThe Hong Kong government has indicated that the Securities and Futures Commission (SFC), its securities regulator, may consider retail access to virtual asset services in the future, after further consultation.\nIn January, Reuters reported the SFC is in the process ofconsidering which cryptocurrenciesto offer to retail investors should the door eventually be opened to them. CEO Julia Leung is quoted as saying that only “highly liquid” assets will be on the list, and the choices will be very limited at first.\nThe city\'s authorities see June 1 as an opportunity, saying "Brand Hong Kong" is much more highly regarded worldwide than, say, Seychelles or St. Kitts and Nevis. The regulator isexpanding its headcountto deal with an anticipated flurry of license applications.\n“We’re able to bring together investments globally,” Christopher Hui, secretary for Financial Services and the Treasury (FSTB),said in an earlier interview with CoinDesk. “We can manage and also channel these investments in a well-regulated and also sustainable manner.”\nHong Kong’s credibility comes from its “rule of law, regulation, commercial modus operandi,” Hui said, and this translates well from traditional finance to crypto.\nOthers in Hong Kong, however, see things differently.\n"For those platforms operated outside of Hong Kong, we see little incentive to incorporate in Hong Kong, establish an office here, go through the strict licensing requirements, as the local market is small," Leo Weese, co-founder of the Bitcoin Association of Hong Kong,wrote in a 2021 post. "Local institutional investors will be able to interact with foreign platforms through their foreign subsidiaries."\nStill, he\'s optimistic the new regulations "can reintroduce clarity and stability after years of uncertainty," Weese said in an interview. "It is important that individuals are granted the easy access to bitcoin they have become accustomed to in the past 12 years."\nThose individuals, the retail investors, are bound to be excited by the chance to use a local Hong Kong entity to trade. After all, there isno capital gains taxin Hong Kong, and Japan shows what happens whenretail investors are able to tradein a regulated environment. Post-FTX, Japanese traders seem to be living in a parallel world, where their tokens were stored with a custodian and funds are being returned.\nBut it\'s not quite the retail investors\' turn yet in Hong Kong. That\'s still a work in progress.\n2:00 p.m. HKT/SGT(6:00 UTC)Eurozone Consumer Confidence (Feb)\n9:00 p.m. HKT/SGT(13:00 UTC)Australia S&P Global Services PMI (Feb)\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia Meeting Minutes\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSEC Sues Terraform Labs, Do Kwon for Misleading Investors; Bitcoin Retreats\nThe U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder Do Kwon on Thursday. Coinbase Chief Policy Officer Faryar Shirzad and Former CFTC Chairman Timothy Massad weighed in, as the SEC alleges that Terraform and Kwon misled investors on a number of issues. Plus, Arca Head of Research Katie Talati reacted to bitcoin (BTC) falling after touching its highest level since August.\nHeadlines\nOpenSea Goes Zero-Fee, Creator Royalties Optional:The top NFT marketplace’s policy shift stems from competition with popular zero-fee marketplace Blur.\nCelsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy:A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender\'s multi-billion-dollar intercompany claim, court filings show.\nUnlike Merge, Ethereum\'s Shanghai Upgrade Could Bring Ether Price Volatility:Institutional liquidity provider OrBit Markets suggests buying an ether volatility swap to profit from an expected increase in price turbulence after the Shanghai upgrade.\nArbitrum Native Decentralized Exchange Camelot Growing Massively in February:The price of GRAIL, the native token for Camelot, has soared 520% since Feb. 1, per CoinGecko.\nJapan Will Launch Pilot for Issuing Digital Yen in April:The move comes after more than two years of proof-of-concept experiments by the BoJ.', "NEW YORK , Feb. 20, 2023 /PRNewswire/ --\xa0Polygon ( MATIC ), a Layer 2 scaling solution for Ethereum , has been gaining much traction in the decentralized finance (DeFi) space. As more and more DeFi projects migrate to Polygon, it is becoming a go-to destination for DeFi traders and investors. Covo_Finance_Logo One of the newly launched projects on the Polygon network is Covo\xa0Finance . Covo Finance is a decentralized spot and perpetual swap exchange that enables users to trade BTC, ETH , and other popular cryptocurrencies directly from their crypto wallets. The COVO Token is the native token of the Covo Finance ecosystem. COVO has seen a price surge of 110% in the past week on Uniswap , which can be attributed to the growing popularity of the DeFi ecosystem on the Polygon network. Polygon has seen a surge in demand for low-cost and fast-speed transactions. Similar to Polygon staking, Covo Finance also offers a unique reward-based system. COVO Token Stakers are rewarded in the form of 30 percent of the platform's generated protocol fees in MATIC tokens and Multiplier Points, which boost yield without contributing to token inflation. COVO has an initial max supply of 210 million COVO tokens, 150 million COVO tokens are paired with USDC for liquidity on Uniswap. In comparison, 60 million COVO tokens are reserved for rewards vesting from e scrowed COVO rewards. COVO Token stakers also earn escrowed COVO (esCOVO) tokens, which can be staked for rewards as well or vested. The tokens get converted back into COVO Finance over 12 months when a user vests them. Therefore, esCOVO Finance emissions are a form of locked staking that prevents inflation and people from immediately selling their Covo Finance. The remaining 70% of Covo Finance's fees revenue is distributed among the liquidity pools, which consist of 50% stablecoins like USDC and the rest in BTC, ETH , etc. In the pool, participants can mint COVOLP tokens with any currently underweight asset, thus counterparty-ing trades and earning rewards for their involvement. Story continues Polygon (MATIC) provides fast, cheap, and secure transactions for decentralized applications. MATIC currently ranks among the top 8 cryptocurrencies by market cap. Polygon has been gaining traction in the DeFi space, with many decentralized exchanges, lending platforms, and other DeFi applications migrating to Polygon. The launch of the zkEVM on the Polygon network in March to enhance the speed and security of transactions is also expected to enhance the platform's capabilities further and attract more users and developers. Polygon's native token, MATIC, recently saw a major price increase as the platform announced significant partnerships with industry giants like Siemens for offering Bonds. Other partnerships include Adobe, Draftkings, Football Club, Starbucks, Adidas, Prada, Meta, Stripe, and Reddit. About Covo Finance Covo Finance is a decentralized spot and perpetual swap exchange built on the Polygon network. It allows users to trade popular cryptocurrencies such as Bitcoin , Ethereum , and MATIC directly from their crypto with leverage without needing an intermediary custodian. Media Contact: Company: Covo Finance Email: [email protected] Website: https://covo.finance Logo: https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/covo-finance-token-surges-110-as-polygon-matic-gains-momentum-301750559.html SOURCE Covo Finance", "NEW YORK , Feb. 20, 2023 /PRNewswire/ --\xa0Polygon ( MATIC ), a Layer 2 scaling solution for Ethereum , has been gaining much traction in the decentralized finance (DeFi) space. As more and more DeFi projects migrate to Polygon, it is becoming a go-to destination for DeFi traders and investors. Covo_Finance_Logo One of the newly launched projects on the Polygon network is Covo\xa0Finance . Covo Finance is a decentralized spot and perpetual swap exchange that enables users to trade BTC, ETH , and other popular cryptocurrencies directly from their crypto wallets. The COVO Token is the native token of the Covo Finance ecosystem. COVO has seen a price surge of 110% in the past week on Uniswap , which can be attributed to the growing popularity of the DeFi ecosystem on the Polygon network. Polygon has seen a surge in demand for low-cost and fast-speed transactions. Similar to Polygon staking, Covo Finance also offers a unique reward-based system. COVO Token Stakers are rewarded in the form of 30 percent of the platform's generated protocol fees in MATIC tokens and Multiplier Points, which boost yield without contributing to token inflation. COVO has an initial max supply of 210 million COVO tokens, 150 million COVO tokens are paired with USDC for liquidity on Uniswap. In comparison, 60 million COVO tokens are reserved for rewards vesting from e scrowed COVO rewards. COVO Token stakers also earn escrowed COVO (esCOVO) tokens, which can be staked for rewards as well or vested. The tokens get converted back into COVO Finance over 12 months when a user vests them. Therefore, esCOVO Finance emissions are a form of locked staking that prevents inflation and people from immediately selling their Covo Finance. The remaining 70% of Covo Finance's fees revenue is distributed among the liquidity pools, which consist of 50% stablecoins like USDC and the rest in BTC, ETH , etc. In the pool, participants can mint COVOLP tokens with any currently underweight asset, thus counterparty-ing trades and earning rewards for their involvement. Story continues Polygon (MATIC) provides fast, cheap, and secure transactions for decentralized applications. MATIC currently ranks among the top 8 cryptocurrencies by market cap. Polygon has been gaining traction in the DeFi space, with many decentralized exchanges, lending platforms, and other DeFi applications migrating to Polygon. The launch of the zkEVM on the Polygon network in March to enhance the speed and security of transactions is also expected to enhance the platform's capabilities further and attract more users and developers. Polygon's native token, MATIC, recently saw a major price increase as the platform announced significant partnerships with industry giants like Siemens for offering Bonds. Other partnerships include Adobe, Draftkings, Football Club, Starbucks, Adidas, Prada, Meta, Stripe, and Reddit. About Covo Finance Covo Finance is a decentralized spot and perpetual swap exchange built on the Polygon network. It allows users to trade popular cryptocurrencies such as Bitcoin , Ethereum , and MATIC directly from their crypto with leverage without needing an intermediary custodian. Media Contact: Company: Covo Finance Email: [email protected] Website: https://covo.finance Logo: https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/covo-finance-token-surges-110-as-polygon-matic-gains-momentum-301750559.html SOURCE Covo Finance", 'The current media climate around blockchain is rife with stories of fraud and misrepresentation. While these stories are not all cryptocurrency-enabled, such as FTX’s misappropriation of customers’ funds, they erode trust in the broader crypto market, specifically with lawmakers and regulators.\nTo rebuild trust in the industry and engender well-considered regulation, blockchain must embrace digital identity. In some cases, this will require full know-your-customer (KYC) and anti-money laundering (AML) checks. In others, it will be proof-of-humanity, Sybil-resistant decentralized identifiers, credit score, or accredited investor status. There are also many cases where digital identity is not needed, but we need to be able to distinguish between the types of transactions that are occurring on-chain.\nBlockchain and its use cases have grown significantly since the release of Bitcoin in 2009. The technology has advanced in multiple directions, with the advent ofsmart contracts, new consensus mechanisms, and new forms of governance. Assets have also grown and are now held by millions of people around the world as well as by larger players, with institutions such as BlackRock and JPMorgan Chase, and governments such asEl Salvadorand theCentral African Republic.\nParallel to the growth of blockchain, and with a bit of a head start, there has been a rise in digital payment applications. Products like Venmo have disintermediated cash as a medium to settle between retail parties. It has been hard to regulate cash, though attempts have been increasing, but these centralized payment systems give more visibility and more reporting options. With regulations and reporting trickling down to consumer apps, individual people are seeing more of what used to be back-office processes that affected very few: frozen funds, account closures and restricted withdrawals. And while taxes had to be reported on cash income before, we are seeing more direct accounting with transactions adding to over US$600 being reported to the IRS on these apps.\nThough blockchain has not been simply peer-to-peer payments for a long time, there is increasing interest in regulating transactions similar to digital payments between people as well as digital assets as a whole. Institutional players in blockchain have even more concern than IRS reporting. They are bound to perform know-your-customer (KYC) and anti-money laundering (AML) checks for any funds they are receiving. They also must know that funds they may be intermingling with have gone through these types of checks. In a recent case where processes were not followed in standard banking, Danske Bankplead guiltyto fraud and has agreed to forfeit over US$2 billion.\nOutside of fraud, institutions must also consider other asset risks. As we still do not have clarity over regulations for digital assets, some token projects are requiring accredited investor status or avoiding the U.S. altogether. Without easy access to that status on-chain, entrepreneurs are avoiding launching any project that is clearly a security that could leverage blockchain’s interoperability. These reporting requirements and regulations were written for centralized systems. It is difficult to apply them wholly to decentralized systems and trying to do so without modification will lose some of the benefits of blockchain.\nLong gone is the belief that Bitcoin is anonymous. It’s much easier to track and perform analysis on blockchain than any cash or bank-to-bank transaction ever was, and those transactions are there for all time. Some blockchains are more privacy-focused and anonymous, and while that can be beneficial for the end users, it doesn’t mean that they can avoid all regulations. What is missing from being able to apply regulations sensibly to decentralized systems is decentralized identity.\nData mining the public transactions to identify bad actors doesn’t prevent them from having already performed transactions. It also doesn’t allow for anyone to easily block bad actors from interacting with their protocol.\nThere is often the argument between permissioned and permissionless blockchains, but that is not a true dichotomy. One set of permissions doesn’t always overlap with another set of permissions, and not all transactions should require permissions. It’s no
**Last 60 Days of Bitcoin's Closing Prices:**
[16830.34, 16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-20
**Financial & Commodity Data:**
- Gold Closing Price: $1840.40
- Crude Oil Closing Price: $76.34
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $460,642,318,000
- Hash Rate: 286131855.0869458
- Transaction Count: 270081.0
- Unique Addresses: 615969.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Cross-chain bridge protocol Stargate Finance’s native STG token surged 13% over the past 24 hours following its announced plan toteam upwith Avalanche-based decentralized exchange Trader Joe to unlock omnichain fungible tokens.
STG has recently climbed from roughly 60 cents a day ago to 92 cents. According to crypto data aggregatorCoinGecko, it has risen about 50% in the past seven days and 150% this year, outperforming most altcoins in the current broader digital asset rally.
The partnership with Trader Joemeansthat Stargate will support the increasingly popular JOE token, without requiring Trader Joe to maintain a liquidity pool on the platform. On Monday, Trader Joe announcedits integration with LayerZero, making JOE a multichain token to be natively sent between blockchains.
STG’s climb also follows the Stargate DAO’s passage of aproposaltoreissue the tokenand airdrop it to all STG holders. The decentralized autonomous organization's community had been raising concerns about protocol-owned liquidity (POL) and STG holder security stemming from its entanglement with Alameda Research, the trading arm of disgraced crypto exchange FTX.
The Stargate DAO stated in the proposal that Alameda purchased 10% of the total STG supply from the Stargate Community sale on March 17, 2022, and thencommitted to lock up all these tokensuntil March 2025. But following FTX’s meltdown, recenton-chain transfers from known Alameda walletsrevealed that "Alameda does not have full control of its wallets and that a malicious actor or hacker is misappropriating Alameda’s funds,” the Stargate DAO said.
“Without a token re-issuance, a malicious actor with access to Alameda’s private keys could claim the Stargate tokens from the contract as they vest and misappropriate them as they seem to have with other funds,” the proposal read. Stargate will reissue STG tokens on March 15.
In addition, a short squeeze over the past 48 hours has pushed STG’s price higher. Data sourced from crypto futures data platformCoinglassshowed that traders liquidated some $342,000 of STG short positions versus around $126,000 of STG long positions.
Layer 1 blockchain NEAR Protocol’sNEARtoken also rose by double-digits over the past 24 hours. NEAR was recently changing hands at $2.72, a 9% gain since Tuesday, same time. The price pump followed the protocol’s announcement that it wascollaborating with New York Universityto start a Web 3 learning workshop.SAND, the token of metaverse game The Sandbox, was down 2%, its recent momentum fading from its announcementthe Saudi Arabia Digital Government Authority would be partneringwith the platform.
Meanwhile, the two largest cryptocurrencies by market capitalization, bitcoin and ether, were recently down roughly a percentage point to hold their most recent support. Bitcoin (BTC) was trading just below $23,000, while ether (ETH) was changing hands above $1,650. TheCoinDesk Market Indexwhich measures the overall crypto market performance was also down 1.4% for the day....
- Reddit Posts (Sample): [['u/PotatoBot29', 'The VOTE on the PLAN.', 28, '2023-02-20 01:36', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/', "As you should already know, Celsius owes you your account balance on the day of the bankruptcy in dollar value. [Coin value on that day](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174911222280000000082.pdf). Examples:\n\n* If you had 1 BTC on the day of the bankruptcy (**\\~$20k**), Celsius owe you \\~$20k but it's paid in Bitcoin.\n * If Bitcoin goes to $100k, Celsius owe you 0.20 BTC (**\\~$20k**).\n * If Bitcoin goes to $1k, Celsius owe you 20 BTC (**\\~$20k**).\n* If you had $20k USDC on the day of the bankruptcy, Celsius owe you $20k USDC.\n\nThere are two groups of users that are split by a balance **under** or **over** $5k:\n\n* <$5k balance are offered 70% return of their funds.\n* \\>$5k balance is yet to be fully explained so I won't list the all the details we know of here as it's quite a bit to explain. Please check previous posts ([Celsius Plan Overview](https://www.reddit.com/r/CelsiusNetwork/comments/114lnp3/celsius_plan_overview_links/?utm_name=iossmf)), Stretto or Twitter threads from Simon Dixon or Aaron Bennett for more detailed context.\n\nI have not explained custody accounts in this post.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\n**With that out of the way, HERE'S HOW I SEE THE VOTE GOING:**\n\n* Majority YES for the <$5k balance at the date of the bankruptcy (85% of users).\n * ^(Because they're offered 70% of their account balance.)\n* Majority YES for the >$5k balance who are primarily in stablecoins.\n * ^(Because they don't lose value on their coins as the market moves up or down.)\n* Majority NO for the >$5k balance who are primarily non-stablecoins like BTC, ETH etc.\n * ^(Because most of these people are long-BTC so they will lose BTC if the market goes up.)\n\nOf course there are more details to disclose and changes can be made... but I'm curious to hear your comments about how different groups will vote. Let's keep it rational - everyone can't have an immediate cash out.", 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/', '116szno', [['u/HiddenbtsCamera', 34, '2023-02-20 01:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98bxgv/', 'Such a long corrupt way to go that sadly until there is actually a vote, and they sort out the removal of retail clawbacks.. I’m not sure what will be left or if these options above will remain. The best thing imo they can do is just insider clawback, liquidate and pay people what is left with the 40-60% haircut. That is it. Close and shut this the f down so people can invest their haircut at this time in the market where it’s possible to get their money back over time themselves. On their own hardware. Also, Alex is a shithead and deserves prison and horrible things', '116szno'], ['u/Kombucha-Krazy', 16, '2023-02-20 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98c4sd/', '"IF regulators approve..." 🙄 \n\nI\'ll be honest I\'m poor but not $5,000 poor. I\'ll likely vote NO and I\'m actually surprised how many people consider this plan some kind of good deal\n\nEdit: My reasons are personal, ofc, and I don\'t like forced buy in to another potential future rug pull. I do NOT have a 5 year time horizon, anything could happen to me any day, and even if I did manage to survive that much longer I likely could have recovered some on my own by then. I\'ve been burned too many times by the Federal Reserve Notes and hidden OGs of Wall Street hedge funds likely in the background. I do not trust any party in this Chapter 11', '116szno'], ['u/mnpc', 13, '2023-02-20 03:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98qxdd/', 'Fuck it. \n\nThey can liquidate their miners by mailing one to each of the users. \n\nThat’s more fun than a “management security token” that just grifts a management fee off what’s left of the celsius carcass.\n\nAnd that way they don’t have to set aside a bunch of what’s left of our money to start up a bunch of mining equipment contracts, leases, utility agreements, etc. \n\nYou want a convenience class? Take your antminer and some CEL tokens and go home.', '116szno'], ['u/Der_Saian', 18, '2023-02-20 06:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j996mcu/', "I have 50k in Celsius: Btc, Eth, usdc equal parts. I would take 40% liquidation right now and walk away happy. I know I will make my money back within 2 years if I put it back into btc. \nI don't trust this people as far as I can trow them. \nAlso 50k is a lot of money to me I make less than that a year.", '116szno']]], ['u/T2LV', 'All this talk of Bull market and end of winter.', 16, '2023-02-20 02:14', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/', 'Look if you have a warm winter, it’s still not summer. If you have a warm spring, not summer. A hot week in spring, not summer. If you have a really hot spring relative to normal, it’s still not summer. Just because we have a had a good start to the year, even we are bouncing back, it’s not even premature to talk bull market, it’s just a waste of your time.\nBTC, ETH below fall highs when we were in the midst of winter. 95% of alts are still 80-90% below ATH.\n\nIt’s like going on 4 dates with a girl and everything is going great. \nIs there hope? Yes.\nAre your nights of lonely masterbation behind you? Possibly….at least til marriage. \nCan you envision the relationship? Sure!\n\nBut , let’s not start looking at wedding venues and asking her if you’re “official”. Act cool like you don’t need it and you’ll be badass AF when you got it.\n\nWe are going to come out of winter at some point. It’s going to be glorious. I tend to this it might be sooner than later. But we are so far away from calling bull market, let’s just be happy we have bounced from the bottom because in 3 weeks, BTC could be 30-35k..or sub 20k. Let’s talk when we crack a decent amount above those August/September highs. \n\nI know it’s great to get excited. \nIt’s like going on 4 dates with a girl and everything is going great. \nIs there hope? Yes.\nAre your nights of lonely masterbation behind you? Possibly.\nCan you envision the relationship? Sure!\n\nBut , let’s not start looking at wedding venues and asking her if you’re “official”. Act cool like you don’t need it and you’ll be badass AF when you got it. \n\nStay warm this winter and see you all in bikini season.', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/', '116tub4', [['u/marsangelo', 12, '2023-02-20 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98f0sf/', 'Just gonna do my usual and have a beer and shitpost and buy my weekly $20 of BTC', '116tub4'], ['u/Kappatalizable', 22, '2023-02-20 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98h1kb/', 'Its fun to pretend we know what were talking about', '116tub4'], ['u/AutisticGayBear69', 14, '2023-02-20 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98nrmx/', 'I got lost at the "lonely nights of masterbation" part.', '116tub4'], ['u/Every_Hunt_160', 14, '2023-02-20 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98psxl/', "It's the 'Possibly….at least til marriage.' that did it for me", '116tub4']]], ['u/Bubbly_Chemist1496', 'Why us larger creditors might actually do okay with Novawulf', 21, '2023-02-20 02:41', 'https://www.reddit.com/r/CelsiusNetwork/comments/116uevh/why_us_larger_creditors_might_actually_do_okay/', "Hey guys, i have quite a bit stuck in Celsius (like much much more than $5000). And yes, it sucks and it looks like based on my very rough calculation we be getting at most 15% back (hopefully i'm way off the mark and we get a bit more). The rest will be in equity tokens and MSTs (i don't understand what that is) to try to fill the hold in the coming years. Now many of the redditors here are saying these equity tokens are 'worthless' and 'will go to zero' and they could be right but they could very well be wrong.\n\nthis Paul Prager guy seems like he knows about power generation /bitcoin mining\n\nfrom old media bio:\n\n*Founded in 1994, Beowulf is an independent infrastructure company that develops, builds, owns, and operates power generation and industrial infrastructure facilities worldwide. Headquartered in Maryland, the company has extensive development and operational experience in domestic and international energy markets. Beowulf has developed, constructed, acquired, and operated over $5 billion of power generation and industrial assets. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager.*\n\nHe has been in the power generating industry since 1994 and ran a mining company called Beowulf and now runs Terawulf\n\n[https://www.terawulf.com/terawulf-facilities/](https://www.terawulf.com/terawulf-facilities/)\n\n[https://www.terawulf.com/nautilus-cryptomine/](https://www.terawulf.com/nautilus-cryptomine/) this is a nuclear powered bitcoin mining facility.\n\nAnyways these guys clearly know what they are doing in terms of bitcoin mining.\n\nThe we have this company Figure, who's founder is a guy called Mike Cagney. He also started Provenance blockchain\n\n[https://provenance.io/solutions/](https://provenance.io/solutions/)\n\nVery clearly TeraWulf will be able to create a whole bunch of digital services such as credit cards with Figure on their team. Figure isn't just there because they have the licenses but they have a whole slew of experience /expertise. they're not a joke.\n\n*Figure Pay uses the same Provenance digital wallet for payments between members.\xa0Consumer to Consumer, Consumer to Business or Business to Business - when two parties who have a Figure Pay account transact via mobile bluetooth or QR codes, the payment uses digital wallets and the blockchain registry to move money without incurring the cost of interchange.\xa0Merchants can pass on lower prices not only because of reduced fees, but by eliminating settlement time and chargebacks.\xa0Figure Pay will incorporate a Visa debit card for transactions with non-Figure Pay members, ensuring comprehensive coverage for members*\xa0\n\n&#x200B;\n\nso guys my suggestion is that we should look more deeply at this team and for me, just spending some time digging deeper I think i am impressed so far (i was extremely skeptical before) and TeraWulf will do okay and they're not going to scam us like Celsius. Will they fill the hole ? maybe. time will tell. but worthless equity tokens? definitely not. i notice there are many doomers and gloomers on reddit and i think they're wrong in saying terawulf tokens will go to zero\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;", 'https://www.reddit.com/r/CelsiusNetwork/comments/116uevh/why_us_larger_creditors_might_actually_do_okay/', '116uevh', [['u/Lady_Trucker4G', 14, '2023-02-20 03:26', 'https://www.reddit.com/r/CelsiusNetwork/comments/116uevh/why_us_larger_creditors_might_actually_do_okay/j98nmgw/', 'I agree, I do feel they are legit. Any opportunity to be made whole is welcomed IMO', '116uevh'], ['u/Particular-End9015', 11, '2023-02-20 04:12', 'https://www.reddit.com/r/CelsiusNetwork/comments/116uevh/why_us_larger_creditors_might_actually_do_okay/j98t4o2/', 'I agree and will be voting yes. It’s not a bad deal. All things considered and a bird in the hand is worth two in the bush. We may never get such a good offer again. I think we likely won’t.', '116uevh']]], ['u/dopestealer', "I don't have enough, and I don't think I'll ever be able to buy enough.", 78, '2023-02-20 03:06', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/', "I'm a younger dude (lets say young enough not able to buy bitcoin myself) who holds some bitcoin. So far I've only been able to buy some with my parents approval in small amounts with their KYC exchange accounts (about 10$ every week). My thought process being that I won't ever get to a large enough amount to make any difference in my life. I don't think I'll ever sell my bitcoin, but I guess its only sat-stacking from here.", 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/', '116uxfc', [['u/DatBuridansAss', 113, '2023-02-20 03:11', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j98lucg/', 'Don\'t be too sure. When I first got interested in BTC, people were making these kinds of posts, except they were saying things like "I missed the boat, I\'ll never accumulate much, probably 10-20 BTC or so, nothing life changing."\n\nStay humble and stack sats. You don\'t know the future, and the world has never seen anything like Bitcoin.', '116uxfc'], ['u/tldrpg', 17, '2023-02-20 04:23', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j98ue5t/', "If you actually understand why you're stacking sats, I'd say you're in a great position in life no matter how much you have. But remember, you don't actually have anything until you hold your own keys.", '116uxfc'], ['u/Romsel87', 11, '2023-02-20 05:46', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j993jjl/', "Every sat counts, but don't get to focused on it. Bitcoin is beautiful but greed is a bitch.", '116uxfc'], ['u/savinelli_smoker', 35, '2023-02-20 05:54', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j994eee/', 'Exactly this. Some early people ranted they managed to mine *only* 500 BTC… \n\nOP just keep stacking and hold onto it. We’re earlier than 99% of people out there.', '116uxfc'], ['u/downtownjj', 32, '2023-02-20 07:09', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j99bew6/', '!lntip 50000\n\nhttps://satoshisperperson.com/\n\nedit: protip stay off the dope. and dont steal', '116uxfc'], ['u/SHTNONM420', 11, '2023-02-20 08:40', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j99isw3/', 'Trading my fiat scraps to DCA every chance I get. 🫡', '116uxfc'], ['u/chance_waters', 11, '2023-02-20 09:41', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j99navz/', "Do you have any concept of how extreme compound growth is? \n\nLet's say you're 15 and you manage to get $500 in BTC this year, and you never buy more.\n\nThen let's pretend BTC grows at an average of 20% YoY indefinitely, it's done much much more than that so far, but let's pretend since we are going way out into the future and it has to slow down at some point.\n\nIt would be worth more than 4.5 million dollars by your retirement at 65.\n\n$10 a week, for one year, and if BTC grows at double the speed of the stock market during your adulthood then you have 4.5 million dollars at retirement.\n\nStack sats.", '116uxfc'], ['u/dopestealer', 15, '2023-02-20 15:00', 'https://www.reddit.com/r/Bitcoin/comments/116uxfc/i_dont_have_enough_and_i_dont_think_ill_ever_be/j9adryo/', "woah dude you didn't have to do that, thank you.\n\n&#x200B;\n\nnow gonna have to learn to use lightning 😂", '116uxfc']]], ['u/SpaceGodziIIa', "What's everyone's prediction for Nano peak price this next bull cycle?", 44, '2023-02-20 03:33', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/', "Nano briefly ran up to $36 in 2018, Bitcoin hit 19k. \n Then Bitcoin ran up to over 60k and Nano sustained over $10 for a significant time and peaked at over $100 on Huobi last cycle. I'm convinced Bitcoin will hit something around $120k in the inevitable run up in the next couple years. What are some predictions for Nano to run up to?", 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/', '116vgaz', [['u/SpaceGodziIIa', 33, '2023-02-20 03:58', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/j98rfmo/', "Personally I think the $36 peak in 2018 was a fluke because of issues with not being on enough exchanges and bitgrail shit. Huobi was obviously a fluke as well this last cycle and due to limited supply. Assuming Bitcoin doubles in price from the previous peak, I think it's reasonable for Nano price to increase by the same factor. So I think a $20 Nano is coming.", '116vgaz'], ['u/tucsonthrowaway3', 17, '2023-02-20 04:16', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/j98tm65/', 'I think it depends on more macro factors. The bull runs seem to follow themes (or maybe we as a community retroactively categorize them that way?). Is the next run going to be about privacy coins? Monero hits $2000 while Nano hits $20. Is the next run about free transactions? Nano hits $100. Etc, etc', '116vgaz'], ['u/JusticeLoveMercy', 26, '2023-02-20 04:46', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/j98x3wh/', '800 million dollars', '116vgaz'], ['u/UE4Gen', 16, '2023-02-20 10:15', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/j99pr5l/', "Regulation compliant and eco-friendly crypto are going to be a focus next cycle. Flowhub likely will integrate next cycle.\n\nFor the Trustable FX project to work it's going to need a lot of liquidity and price will follow.\n\nI think $40 is reasonable.", '116vgaz'], ['u/xSERGIOx', 19, '2023-02-20 11:55', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/j99wq6c/', 'Honestly, I think anything is possible. However a realistic estimate based on nothing except movements in prior bull markets I think XNO could easily go to $8 to $10.\n\nIf the narrative shifts in favour of XNO there is no ceiling. We could hit triple digits. I also expect a whole lot of ass eating and getting my ass eaten while watching movies of people ass eating.', '116vgaz'], ['u/phantastOLO', 12, '2023-02-20 12:35', 'https://www.reddit.com/r/nanotrade/comments/116vgaz/whats_everyones_prediction_for_nano_peak_price/j99zrmk/', 'this! \n\nif we see double digits in the next 3 months...nano can go to ath!', '116vgaz']]], ['u/Ancient-Scientist456', "Who else doesn't belong here", 174, '2023-02-20 04:56', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/', 'I\'m a 27 year old who had spent thousands on crypto, and I don\'t really know what most of it does.\n\nIn early 2021, I was working with this teenager (I own my own small painting company he was a laborer in another trade) who had bought tons of doge the year before. He started going nuts at lunch because his Doge went to 6 cents, and he had made THOUSANDS of dollars. \n\nI had heard of Bitcoin and Doge and whatnot, but I was never risky and didn\'t trust it. Well, that all changed really quickly when he told me it would probably go to a dollar and the FOMO set in. This teenager had like 10k just sitting in his account because of some stupid coin? Of course I wanted in.\n\n I bought a little DOGE on Robinhood and doubled my investment IMMEDIATELY. Then the flood gates opened, I bought a ton of DOGE and paper handed that bitch like 50 times losing and gaining money every other day. I eventually sold near the top and made a decent amount.\n\nI got on Reddit to look for advice and other opportunities during the bull-run (Absolutely Genius Right?) because it seemed it was a crypto friendly community with lots of information. So I got pulled into all these different coins but made sure I "did my own research" even though I don\'t know what half of the shit on the white papers mean. \n\nI ended up buying BTC, ETH, AMP, MATIC, SHIB, and a few other coins. But the one I was hyped about was LRC. I ended up buying a ton with all the GME hype and got left with a decent but not terrible bag. Still holding to this day.\n\nI\'ve been in this community for over 2 years and I have thousands invested in things I knew little about because some teenager made some cash overnight. I am still learning and it seems most of my investments are good ones (I sold SHIB high and made a bit) but I still feel like I know nothing about crypto and just FOMOed my way into most of it. I have a few moons, but I don\'t even know what they do or how I originally got them? Now I\'m making myself learn more, I\'m just dumb cuz it hurts my head. Anyone else lose their wits when people around them were making money? And what did you invest in? \n\n\nTLDR: I FOMOed into crypto because of DOGE hype, without knowing anything and am now forcing myself to learn more because I have thousands invested in things I know little about because i was addicted. Did anyone else find crypto this way or are you all just smart people?\n\nPS: I\'m friends with that guy now and he never sold any DOGE because he thought it would reach a dollar. He told me he could have had almost 130k at the top and now he\'s almost back where he started that day at lunch. Wild\n\nEDIT: Seems like most of us are in the same boat. I just got lucky on some investments and am still holding and started DCA a while ago.', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/', '116x14x', [['u/JadioGCity', 25, '2023-02-20 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98ydpc/', 'Who said you dont belong here? Of course you belong here.', '116x14x'], ['u/Ancient-Scientist456', 12, '2023-02-20 04:58', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98yha6/', "Me, I don't really know or understand most of the things posted here unless I take a bunch of time to try and understand it.", '116x14x'], ['u/JadioGCity', 15, '2023-02-20 04:59', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98yjyf/', "That's most of this sub. That's why we're all here. You've put more into crypto than most people have on this planet, youre more accredited than you think. \n\n\nTime is your friend, knowledge is your friend. You can always seek out more. A place like this is a good place to find outlets for things like that", '116x14x'], ['u/marsangelo', 16, '2023-02-20 04:59', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98yl50/', '>I got on Reddit to look for advice\n\nA moment for our fallen comrade', '116x14x'], ['u/Setyman', 13, '2023-02-20 05:04', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98z51h/', '>Did anyone else find crypto this way or are you all just smart people?\n\nNo the majority of us here are clueless. Welcome to the club, we have cookies.', '116x14x'], ['u/Alanski22', 99, '2023-02-20 05:05', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98z6xq/', 'Man it’s painful reading about people who sold nothing when in huge profits. It’s ok to take some profits', '116x14x'], ['u/Ancient-Scientist456', 25, '2023-02-20 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98zbz4/', "The guy is 21 now and isn't worried about it. He just has them sitting there if they ever go up again. I'd be sick if it was me", '116x14x'], ['u/Bloodspoint', 44, '2023-02-20 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98zc92/', "The vast majority of it all is dumb luck. It's like going to a casino and trying to get advice on how play the slot machines better. I've lost thousands following Reddit advice and made tens of thousands because I stumbled on a coin and liked the name.", '116x14x'], ['u/Harold838383', 11, '2023-02-20 05:11', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j98zxzc/', 'I invested in so many alts when I began my journey like so many others. Now all I do is DCA into BTC and stack moons', '116x14x'], ['u/UltimateCrypto', 96, '2023-02-20 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j991kno/', 'It takes your 3rd bull run to finally understand what’s going on.', '116x14x'], ['u/Mr_Bob_Ferguson', 28, '2023-02-20 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j991n71/', 'It’s like gardening.\n\nPlant enough seeds and some of them will eventually sprout.\n\nThe goal is not to end up with dead plants and no money for new seeds.\n\nSome farmers get lucky with the weather and prosper.\n\nBut knowledge can help you to buy better quality seeds.', '116x14x'], ['u/ETH_Knight', 44, '2023-02-20 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j9937qp/', '1st : mistakes were made\n\n\n2nd: going green but greed doesnt let profit taking\n\n\n3rd: ???\n\n\n\nThis is my case.', '116x14x'], ['u/myreddit8798', 27, '2023-02-20 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j994n4c/', '‘Regret is stronger than gratitude’…..I learnt this lesson. always take some profits', '116x14x'], ['u/Mbappe-29', 12, '2023-02-20 07:15', 'https://www.reddit.com/r/CryptoCurrency/comments/116x14x/who_else_doesnt_belong_here/j99bydw/', "Let's normalise taking profits", '116x14x']]], ['u/AutoModerator', '[Daily Discussion] - Monday, February 20, 2023', 36, '2023-02-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/', '116y75u', [['u/biggunsg0b00m', 24, '2023-02-20 08:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j99h342/', 'Call me a curmudgeon, I\'m really hating all this "AI" stuff..', '116y75u'], ['u/Yodel_And_Hodl_Mode', 20, '2023-02-20 10:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j99qwmc/', 'No, it\'s not.\n\nUsing AI isn\'t "searching through the web." Using AI, in this case, meant the OP asked AI (chatGPT most likely) to write a poem. The computer software didn\'t search for a poem. It wrote the poem.\n\nThis "AI" stuff is going to get scary, and fast.', '116y75u'], ['u/Jip1210', 10, '2023-02-20 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j99t1sy/', "It's already scary. Did people learn nothing from the Terminator and other such movies. We seem to be on an endless advance of making AI better and making wepon systems more automated. Sure, it will all end well as obviously all humans have good intentions. And when the AI gets out of the box I'm sure that will have nothing but good intentions as well. \n\nFuck there is already enough problems in the world. Must we engineer new ones?", '116y75u'], ['u/52576078', 11, '2023-02-20 11:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j99timg/', "It certainly is. Combine AI with deepfakes and social media and you've got a recipe for chaos.", '116y75u'], ['u/Yodel_And_Hodl_Mode', 13, '2023-02-20 11:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j99tn5l/', 'I strongly agree with what you\'re saying - but it will get scary long before then. Already, AI is blurring the lines between what\'s real and what isn\'t, and there is no way average Joes are going to be able to tell the difference considering the fact that the average person isn\'t very bright to begin with. This comment thread is a perfect example. AI is new-ish, so I won\'t judge the commenter above for thinking it meant a web search rather than what it actually means, which is content created by software rather than by humans. Literally, "artificial intelligence." The software wrote a (shitty) poem.\n\nJust now, I typed this in chatGPT:\n\n> **Write a poem about shitty poems**\n\nIn a few seconds, the app wrote this:\n\n> Shitty poems, oh how they abound \n> Like piles of rubbish on the ground \n> Poorly crafted, with no rhyme or reason \n> An insult to poetry, in every season\n\n> They lack the grace of Shakespeare\'s verse \n> Or the beauty of Frost\'s lines, so terse \n> Instead they stumble, and trip and fall \n> Their lack of rhythm, a constant brawl \n\n> Sometimes they\'re clichéd, with no new thought \n> Other times, they\'re messy, and poorly wrought \n> Or they may just lack inspiration \n> An incomplete idea, with no foundation\n\n> But even though they may be poor \n> They still have value, that\'s for sure \n> For every writer, must begin somewhere \n> And writing bad poems, is a necessary affair\n\n> So let us not condemn, these poems unrefined \n> For in them, a budding poet, we may find \n> And with time and practice, they may improve \n> To create works of art, that truly move.', '116y75u'], ['u/Shibenaut', 15, '2023-02-20 11:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j99tqwk/', "Don't stare\n\nBitcoin has performance anxiety", '116y75u'], ['u/xtal_00', 16, '2023-02-20 15:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9ah3ee/', 'Take profit hit at 24990. \n\nThis has been a profitable weekend. \n\nOut of position now. Rinse, lather, repeat?', '116y75u'], ['u/thewardser', 12, '2023-02-20 15:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9ajy64/', "higher and higher lows from the rejections, $25,200 isn't going to hold\n\nthe question is...will it spike to $25,800-$26,200 only to get full on rejected again or if it breaks out massively\n\nmost likely going to be a watch the charts type of day", '116y75u'], ['u/xtal_00', 11, '2023-02-20 16:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9alvhe/', 'My stacks are all in BTC. Even my trade stack. So I’m always 1x long even out of position.\n\nI’ve backtested and learned over the last two years. This strategy works. I’ve doubled and a bit my trade stack in sats from the start of the year. This is at least a 2x market outperformance.\n\nI made a plan to trade aggressively with the market transition out of the bear. So far so good.\n\nSell the rips.', '116y75u'], ['u/DEEPFIELDSTAR', 21, '2023-02-20 16:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9arkb1/', 'Watch the latest Datadsh video for the ultimate embodiment of \'cope\'.\n\nLast month we werent testing the 200wma so that was very bad. \nNow we\'re here and apparently "well that doesn\'t actually matter and here\'s why"\n\nAlso pushing FUD now about Gox settlement coins being sold and that will wreck the market.\n\nAlso smugly tells everyone how he\'s not feeling an inch of FOMO. What a crock of shit. I don\'t give a shit how big of a bear you are, if you sat in cash since December and missed this run -*even if we get slapped back down here* - you are wishing you at least took a position 2 months ago and dumped it now. \n\nlmao. Just endless seething and cope.', '116y75u'], ['u/AccidentalArbitrage', 12, '2023-02-20 16:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9at2o4/', "I've never understood why people value the opinions of these random, average, guys just because they are talking in front of a camera, instead of thinking for themselves. \n\nI guess it's *easier* to have someone else do the thinking for you, but it certainly isn't more *profitable*.", '116y75u'], ['u/FlashBang04', 11, '2023-02-20 17:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9awloy/', 'He was calling for 72k+ summer of 2022. Dude is a total clown and didn\'t get "bearish" until sub 20k.', '116y75u'], ['u/Westbrook_Level', 12, '2023-02-20 17:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9ays3d/', '[Imagine telling your grandkids you sold here.](https://pbs.twimg.com/media/FpayjInacAEYx18?format=jpg&name=medium)', '116y75u'], ['u/VictorCobra', 16, '2023-02-20 17:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9ayuzf/', 'Litecoin seems to be dumping a bit on its own here. Bitcoin’s little cousin broke out on its own prior to Bitcoin when prices were sub-$20k. The general vibe here seems to be that $25.2k will fold like butter soon and leave buyers in the dust. Even if people are short-term bearish, they seem to be expecting at least a big spike up first. Many here seem to believe the bottom is in, even without bitcoin reclaiming the 200 week MA….honestly pretty good short setup. I’ve opened a couple of small shorts, but not on Bitcoin. Trying to see if I can have fun with the volatility. Now watch me get rekt.', '116y75u'], ['u/diydude2', 14, '2023-02-20 18:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9b3gsd/', "Gox FUD again... *sigh*... stand by for China banning Bitcoin for the 43rd time. \n\nRemember back in '17 when they were trying this same thing? Didn't stop the moon shot that year and won't this year.", '116y75u'], ['u/Shibenaut', 14, '2023-02-20 18:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9b4ioe/', "Not a terribly reliable indicator, but I'm not taking any substantial profit off the table until the Greed index hits above 70. Last time we saw 70+ was back in November 2021.", '116y75u'], ['u/RecycIops', 20, '2023-02-20 18:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9b8edb/', '-Victor Cobra', '116y75u'], ['u/VictorCobra', 10, '2023-02-20 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9bc10y/', 'It’s already around 60, which it reached in previous bear market rallies.', '116y75u'], ['u/VictorCobra', 19, '2023-02-20 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9bc290/', 'Thank you.\n\n-Victor Cobra', '116y75u'], ['u/mxl01', 11, '2023-02-20 19:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9bigf9/', 'Four failed attempts at breaking the 200 W SMA. Thoughts?', '116y75u'], ['u/xtal_00', 11, '2023-02-20 20:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9bqecm/', 'Bitcoin is potentially a weapon against the USD; one way or the other, its reserve status will be challenged by the printer. \n\nChina endorsing Bitcoin at arms length via Hong Kong might be a very smart move in that context.', '116y75u'], ['u/the-sigma-assassin', 10, '2023-02-20 21:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9bznqa/', "Everyone is so sure that a breakout is about to happen and so am I. This makes me worried. I'm betting on one last long hunt down to 24300 before the breakout.", '116y75u'], ['u/Jip1210', 11, '2023-02-20 22:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/116y75u/daily_discussion_monday_february_20_2023/j9c5zcq/', "And none received. Good call, though. I'm not sure why people feel the need to share the fantasies that their brains fart out\n\nEdit, sorry that wasn't excellent. It's not personal, but I wish these, plucked out of nowhere predictions stayed with the people that thought them up.", '116y75u']]], ['u/AffectionateStudy496', 'employer withholding pay until I fill out a w9 and 1099 form', 26, '2023-02-20 06:28', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/', "I did some part time work for a Bitcoin mining operation moving computers. Long story short: my buddy who got me the job ended up getting fired, and once he was fired the owner told him he had to fill out a 1099 form, basically applying to be an independent contractor. He sent him a non-disclosure agreement, and told him he wouldn't be paid until signing those forms. My buddy was under the impression that he was an employee and not an independent contractor. The owner owes him $2,500, but told him he would settle for $1200 because my buddy took lunches and breaks when working. The owner owes me $250, but hasn't paid me in a month, and he seems to be ignoring my messages. What am I supposed to do? It seems like he's trying to avoid paying taxes for his employees.", 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/', '116yonn', [['u/toofat2serve', 17, '2023-02-20 06:30', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/j997wx5/', "Your first problem is trusting a crypto mining outfit.\n\nEvery one of them is a scam, because they're based on a scam. \n\nAt *best* you may be able to sue for wage theft.", '116yonn'], ['u/YoWhatUpF00', 56, '2023-02-20 06:30', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/j997xer/', 'Report him to the labor board and keep requesting your stolen wages.', '116yonn'], ['u/Commishw1', 10, '2023-02-20 07:05', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/j99b38p/', 'You dont need to file a 1099 for under $399.', '116yonn'], ['u/Dumdumgirlsbeeep', 26, '2023-02-20 07:22', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/j99cm7d/', 'This. He also pays a penalty for every day he holds your wages. Keep every email. Voicemail and text. Call on Tuesday. I believe tomorrow is a federal holiday', '116yonn'], ['u/Redd_October', 15, '2023-02-20 10:40', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/j99rhwh/', "The labor board would get your buddy his money, and if he's fucking around with 1099 forms like that there's a pretty good chance the IRS would be interested too.\n\nAlso the IRS pays a bounty on any fines they collect if you reported it.", '116yonn'], ['u/Comfortable_Ad8115', 15, '2023-02-20 12:42', 'https://www.reddit.com/r/antiwork/comments/116yonn/employer_withholding_pay_until_i_fill_out_a_w9/j9a0a1u/', 'I’m an accountant, these answers are all half correct. Here’s what you need to know: \n\n1. You do not fill out a 1099, you fill out a W9 and the 1099 is issued to you filled out so you can file your taxes\n\n2. In order to be issued a 1099 you must be considered a contractor. In order to be considered a contractor you must meet ALL of the following. A) your own company registered with the state B) you must do all work on your own time with your own equipment (think landscaper.) if you are told when to work and use company equipment you are not a contractor. \n\n3. Even if you are a contractor, 1099s are not issued for anything under $600, not $399 like one of the comments says. \n\n4. If all of these are not specifically met then you are considered an employee and should have/need to fill out a W2 and I9 so you can be taxed appropriately on your wages. You mention in a reply you’ve gotten a paycheck before. Did that have taxes taken out or did he just write you a live check?\n\nIf you believe you should be a W2 employee and he is saying you’re a contractor, then he’s definitely trying to commit tax fraud and you should fight that any way you can', '116yonn']]], ['u/rBitcoinMod', 'Daily Discussion, February 20, 2023', 43, '2023-02-20 07:04', 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/116352n/daily_discussion_february_19_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/', '116zasx', [['u/killerlord16', 10, '2023-02-20 12:08', 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/j99xpq6/', 'We are reaching 25k again.........', '116zasx'], ['u/escodelrio', 15, '2023-02-20 13:45', 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/j9a5qy5/', 'Historical Bitcoin\xa0prices for today, February 20th:\n\n2023 - $24,902\n\n2022 - $38,411\n\n2021 - $55,898\n\n2020 - $9,607\n\n2019 - $3,977\n\n2018 - $11,228\n\n2017 - $1,083\n\n2016 - $437\n\n2015 - $244\n\n2014 - $552\n\n2013 - $30\n\nVia [Twitter](https://twitter.com/btchistorical/status/1627624264454049792)', '116zasx'], ['u/user_name_checks_out', 17, '2023-02-20 17:23', 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/j9axiw2/', 'buttcoin is leaking again', '116zasx'], ['u/user_name_checks_out', 13, '2023-02-20 17:24', 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/j9axmm9/', 'If you are that tied in to the daily ups and downs then you are doing it wrong. Forget about it, come back in ten years.', '116zasx'], ['u/Llonga', 15, '2023-02-20 17:27', 'https://www.reddit.com/r/Bitcoin/comments/116zasx/daily_discussion_february_20_2023/j9ay174/', 'Oh no, he’s selling his $100. See ya.', '116zasx']]], ['u/techsupport261', "10 things that confirms you're addicted to crypto trading.", 82, '2023-02-20 11:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/', "1. You dream about the next bull run and wake up disappointed when it's not happening.\n\n2. You check the price of Bitcoin more often than you check your email.\n\n3.You're convinced that HODL is a valid life strategy.\n\n4. Your social media feeds are full of crypto influencers instead of your friends and family.\n\n5. You've lost more money on crypto than you've made in your job.\n\n6.You have more crypto wallets than actual wallets.\n\n7. You get excited every time Elon Musk tweets about crypto, even though you know you shouldn't.\n\n8. You have a hard time explaining to your non-crypto friends what you're so passionate about.\n\n9. You're convinced that every dip is a buying opportunity.\n\n10. You've spent more time researching altcoins than you've spent on your hobbies.\n\nIf you identify with any of these signs, don't worry, you're not alone. Crypto addiction is a real thing, but with a little discipline and strategy, you can turn your crypto obsession into a profitable hobby.\n\nEdit - some of you are taking this way too seriously 😂\n\nEdit - sorry for any weird formatting, wrote this on the phone and it wouldn't come right no matter what I do and my laptop is not close.", 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/', '11730q7', [['u/Mr_Bob_Ferguson', 13, '2023-02-20 11:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/j99tvqy/', 'Why does this post have the **Comedy** flair?\n\nEverything appears factually accurate.\n\n', '11730q7'], ['u/CorrectlySeparate', 64, '2023-02-20 11:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/j99vc67/', "Before you make any purchase in real life, you count how much of crypto you could buy for that $ and multiply it by how high you think that crypto will be in 2025 bull run. I sure don't wanna buy a pair of shoes for $2000!", '11730q7'], ['u/szerted', 15, '2023-02-20 12:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/j99xvni/', "Checking the prices and imagining what I will have at ATH? Yeah, that's me", '11730q7'], ['u/Glass-Onion-3777', 10, '2023-02-20 12:21', 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/j99yonn/', 'Guy on a Bitcoin podcast was wearing a pair of socks he bought for 5 bitcoin "back in the day". Imagine wearing $105,000-$350,000 socks.', '11730q7'], ['u/Sithaun_Meefase', 11, '2023-02-20 12:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11730q7/10_things_that_confirms_youre_addicted_to_crypto/j99zcve/', 'Hahahahah this is me. More money in crypto portfolio than my bank account and I’m not ashamed', '11730q7']]], ['u/Noumurca', 'This is my current build and i wish to ugprade, suggestion what exactly to upgrade and what? 1440p/60fps/AAA games/3000 Budget', 27, '2023-02-20 11:13', 'https://www.reddit.com/r/buildapc/comments/11735dh/this_is_my_current_build_and_i_wish_to_ugprade/', 'Hi guys!\n\nLooking to upgrade my PC a bit because it\'s getting a bit dated.\nThis here is my current setup and i am wondering what exactly i\'d need to ugprade to fluently play most AAA games on at least 60fps on high/medium on 1440p.\n\n* CPU: Intel Core i7 5930K @ 3.50GHz\n* GPU: 1080\n* Motherboard: MSI X99S\n* RAM: 16GB DDR 4 3200MHZ\n\n\nas you can tell it\'s a bit dated and mostly can\'t really run anything too crazy at HIGH settings at a stable 60 FPS most likely because of my 1440 monitor. I mostly play WoW and other smaller games that don\'t require a crazy rig, but all the upcoming games look really exciting so i thought it\'s about time i upgraded!\n\nMy budget is 2000-3000k Euros and i am looking to play stuff on at least a stable 60 fps on 1440p, but if really needed i can go back to a 1080p monitor for budget cuts. I assume that everything listed above needs a upgrade.\n\nDo you guys have any suggestions on what i should get? I have lost track on what\'s like the "new shit" on the market since i haven\'t really kept myself up to date because everything shot up in price with the whole bitcoin stuff.', 'https://www.reddit.com/r/buildapc/comments/11735dh/this_is_my_current_build_and_i_wish_to_ugprade/', '11735dh', [['u/Leaksahoy', 15, '2023-02-20 14:27', 'https://www.reddit.com/r/buildapc/comments/11735dh/this_is_my_current_build_and_i_wish_to_ugprade/j9aa4mf/', 'Op you can build that for like 1000 American, which I assume means maybe like 1200 eu due to gpus being a tad higher there. I’m not from there, so my maths would be off, but Id tell you that you can wait on ddr5 and all that if you wanted. You could just double your ram, look for a b550 board that’s like $150 and has at least 2 nvme slots, some good heatsyncs and slap a 5800x3d in. Chuck in a 3070 or a 6800 and you’ll be happy at about 1440 100 on max settings. You will want about a 750w power supply as well. If you wanted to spend and like really ball out in the $2200 range, get a 7900xtx and swap to a 7600 with 32gb of 6000 c 30. An 850w power supply would also be needed. This would be playing at like 1440 160-180hz at max settings, and should the cpu feel a little old you can actually put in a new one in 2 years since this one is just the entry level and still would make you happy.\n\nTldr your 1080 should be able to play stable 1440 60, just get a b550 and slap in a 5800x3d. Double your ram while you’re at it and honestly you spent maybe 500 bucks and can wait to do a full system upgrade. If that isn’t enough, slap a 6700xt or 3070 in and then you have nothing to complain about.', '11735dh'], ['u/LivingTh1ng', 27, '2023-02-20 17:54', 'https://www.reddit.com/r/buildapc/comments/11735dh/this_is_my_current_build_and_i_wish_to_ugprade/j9b24i6/', '"my target is 720p @ 30fps, my budget is the entire GDP of California."', '11735dh']]], ['u/Tacos_picosos', 'Does the stock market keep pace with the devaluation of money?', 185, '2023-02-20 13:10', 'https://www.reddit...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Tom Westbrook SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it\'s warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar\'s rally so far this month - Tuesday\'s European and U.S. manufacturing data and Friday\'s core PCE price index will guide the next steps. After a quiet Monday thanks to the President\'s Day holiday in the United States, the dollar stood steady at 132.24 yen and $1.0687 per euro, with the common currency finding strong support above $1.06. The U.S. dollar index has climbed three weeks in a row for a gain of about 1.7% through February so far, but has steadied at 103.86, down from a six-week high of 104.67 hit on Friday. "Friday\'s inability of euro/dollar to push lower after breaking below $1.0650 rather sums up the FX market for me," said Societe Generale strategist Kit Juckes. "There are two reasons why the dollar\'s bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. Fed funds futures currently imply about a 16% chance of that, while in Europe a 50 bp hike in March is all but priced in. Elsewhere currency markets were broadly steady. Gains in oil prices and a steady Chinese yuan gave support to the Australian dollar which sat at $0.6920 as traders awaited the release of minutes from the Reserve Bank of Australia\'s February meeting. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Markets are pricing a 50 bp hike to bring New Zealand\'s benchmark interest rate to 4.75% and are also weighing the economic impact of Cyclone Gabrielle. "As markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained New Zealand dollar strength," ANZ analysts said. Sterling was steady at $1.2042. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking. Bitcoin found support after Hong Kong\'s markets regulator published proposed rules to licence crypto exchanges, seen as a step in the direction of encouraging the city\'s development as a crypto hub. ======================================================== Currency bid prices at 0007 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0681 $1.0685 -0.04% -0.32% +1.0687 +1.0681 Dollar/Yen 134.3150 133.9500 +0.00% +2.07% +134.3550 +0.0000 Euro/Yen 143.47 143.46 +0.01% +2.27% +143.5300 +143.4500 Dollar/Swiss 0.9233 0.9232 +0.03% -0.13% +0.9234 +0.9230 Sterling/Dollar 1.2031 1.2040 +0.02% -0.42% +1.2043 +1.2040 Dollar/Canadian 1.3458 1.3453 -0.01% -0.72% +1.3458 +1.3452 Aussie/Dollar 0.6904 0.6911 -0.10% +1.28% +0.6915 +0.6904 NZ Dollar/Dollar 0.6249 0.6253 -0.04% -1.57% +0.6261 +0.6250 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Shri Navaratnam)', 'By Tom Westbrook SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it\'s warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar\'s rally so far this month - Tuesday\'s European and U.S. manufacturing data and Friday\'s core PCE price index will guide the next steps. After a quiet Monday thanks to the President\'s Day holiday in the United States, the dollar stood steady at 132.24 yen and $1.0687 per euro, with the common currency finding strong support above $1.06. The U.S. dollar index has climbed three weeks in a row for a gain of about 1.7% through February so far, but has steadied at 103.86, down from a six-week high of 104.67 hit on Friday. "Friday\'s inability of euro/dollar to push lower after breaking below $1.0650 rather sums up the FX market for me," said Societe Generale strategist Kit Juckes. "There are two reasons why the dollar\'s bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. Fed funds futures currently imply about a 16% chance of that, while in Europe a 50 bp hike in March is all but priced in. Elsewhere currency markets were broadly steady. Gains in oil prices and a steady Chinese yuan gave support to the Australian dollar which sat at $0.6920 as traders awaited the release of minutes from the Reserve Bank of Australia\'s February meeting. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Markets are pricing a 50 bp hike to bring New Zealand\'s benchmark interest rate to 4.75% and are also weighing the economic impact of Cyclone Gabrielle. "As markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained New Zealand dollar strength," ANZ analysts said. Sterling was steady at $1.2042. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking. Bitcoin found support after Hong Kong\'s markets regulator published proposed rules to licence crypto exchanges, seen as a step in the direction of encouraging the city\'s development as a crypto hub. ======================================================== Currency bid prices at 0007 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0681 $1.0685 -0.04% -0.32% +1.0687 +1.0681 Dollar/Yen 134.3150 133.9500 +0.00% +2.07% +134.3550 +0.0000 Euro/Yen 143.47 143.46 +0.01% +2.27% +143.5300 +143.4500 Dollar/Swiss 0.9233 0.9232 +0.03% -0.13% +0.9234 +0.9230 Sterling/Dollar 1.2031 1.2040 +0.02% -0.42% +1.2043 +1.2040 Dollar/Canadian 1.3458 1.3453 -0.01% -0.72% +1.3458 +1.3452 Aussie/Dollar 0.6904 0.6911 -0.10% +1.28% +0.6915 +0.6904 NZ Dollar/Dollar 0.6249 0.6253 -0.04% -1.57% +0.6261 +0.6250 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Shri Navaratnam)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is starting the day in Asia at $24,815. What\'s going to drive it higher?\nInsights:A report by a Canadian judge considered the government\'s use of the Emergencies Act to quell a "Freedom Convoy" protest focused on Ottawa last year, but avoided recommending additional crypto regulation. The document may say more about officials\' ongoing uncertainties in addressing issues related to digital assets.\nChina, Enthusiasm, and Euphoria Might Drive Bitcoin to the Next Support Level\nCoinDesk Market Index (CMI)\n1,133\n−4.6▼0.4%\nBitcoin (BTC)\n$24,815\n+460.1▲1.9%\nEthereum (ETH)\n$1,701\n+18.2▲1.1%\nS&P 500\n4,079.09\n−11.3▼0.3%\nGold\n$1,851\n+10.1▲0.5%\nNikkei 225\n27,531.94\n+18.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nMonday was a holiday in the U.S. in honor of Presidents’ Day, but crypto never sleeps.\nBitcoin is opening the day in Asia up 1.9% to $24,815, while ether is up 1% to $1,701.\nChina-themed layer 1 protocols experienced quite a surge this week. Conflux is up 500% during the last week, while NEO is up 70%. Both are up around 40% in the last day.\nLast week Conflux announced it ispartnering with China Telecomto build blockchain-based SIM cards. It’s important to remember, however, that theConflux Network within Chinais a separate, tokenless,government-approved blockchainused in conjunction with thecountry’s Blockchain Service Network.\nCraig Erlam, senior market analyst at Oanda, says that solid economic data from a post-COVID-19, re-opened China is going to drive up stocks and crypto prices.\n“The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.”\nWhile crypto and stocks might be on an upward trajectory, Erlam doesn’t see gold going in the same direction.\n“Gold traders do not share the eternal optimism that equity and crypto traders possess, and recent weeks have highlighted that perfectly,” he said. “The yellow metal fell into a corrective pattern and has struggled to get out since.”\nThis week might be a slow one with the U.S. holiday on Monday and not much scheduled for economic events in the U.S. and Europe, but it could be the start of a breakout for bitcoin, with price gains based on enthusiasm alone.\n“Cryptos are seemingly existing in a world of their own, with bitcoin rising 2% again on Monday and eyeing the highs of the last week once more,” he said. “This could be a really pivotal level for bitcoin and a break of it could generate plenty more enthusiasm. And we\'ve all seen what happens when enthusiasm and euphoria exist in cryptos.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+4.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nCrypto Regulation Missing From Canada Inquiry Into Emergencies Act\nThe long-awaited report from the inquiry into the Canadiangovernment’s use of the Emergencies Actto quell last year’s "Freedom Convoy" protest centered in Ottawa was released Friday afternoon.\nFor observers of Canadian politics, the inquiry, led by Justice Paul Rouleau was fascinating. But despite crypto acting as an important fundraising mechanism, and protesters using crypto to openly defy the country’s first-ever crypto-related sanctions, absent from Justice’s Rouleau were recommendations for strengthening controls on digital assets.\nRevelations from the hearings\nIn the early weeks of the hearings, which occurred last November, the revelations came fast and furious: Canada’s national intelligence agency did notconsider the protests a national security threatand warned that invoking theEmergencies Act would only radicalize protesters. Police were largely sympathetic to protesters and provided a “steady stream” of leaks to organizers.Despite early claims that Russiawas backing the protest, intelligence officials revealed that it waslargely Canadian-funded.\nMost of Rouleau’s recommendations address the inter-jurisdictional squabbling that defined the first few weeks of the protest.\nBuried in the last pages of the 56-recommendation report is Rouleau’s crypto-related recommendation – the 54th.\n“The federal government should continue with its study into cryptocurrencies. This study should be informed by the findings of this Commission,” Rouleau wrote. “Federal officials should seek to collaborate with counterparts at other levels of government to benefit from existing study in this area and to ensure that any jurisdictional issues may be addressed.”\nBitcoin ‘defied government crackdown’\nCentral to the financing of the protest was bitcoin.\nTraditional crowdfunding platforms such as GoFundMe and GiveSendGo had exposure to Canadian banking rails, and were frozen after an Ontario Superior Court judgeissued a Mareva injunctionordering the platforms and their banking partners to cease facilitating the Convoy’s transactions.\nBut the Convoy’s bitcoin remained outside of the Court’s control.\nAs CoinDeskreported in February last year, most of the bitcoin wallets were completely drained, according to on-chain data. Nearly all of the 20 BTC (about $788,000 U.S. at last year’s exchange rates) was moved to other, non-sanctioned wallets, with some landing at major centralized exchanges.\nAmong bitcoin’s true believers, this was an exemplification of the digital asset’s perfect use case: censorship-resistant money.\n“Bitcoin proved itself to be a sovereign financial rail as hundreds of thousands of dollars in BTC reached protesters in spite of government efforts to block donations,”Bitcoin magazine wrotein June. “Its use as a system for getting hundreds of thousands of dollars in value directly into the hands of those who had been blacklisted by the Canadian government may be the most potent illustration of that power to date.”\nBut this opinion isn’t universally shared within the crypto industry.\nIn February 2022,CoinDesk columnist J.P. Koning wrote that bitcoinwas a bad way to fund the Ottawa protest, and that funding an illegal protest in any currency isn’t right despite the government’s worrying use of the Emergencies Act, which he wrote made him “very uncomfortable.”\n“When protest becomes illegal, it\'s the task of the police to step in and break it up. Any inability to do so on their part hurts one of the other key pillars of a democratic society: rule of law. If the law no longer functions, Canada would quickly descend into a state of perpetual chaos,” Koning wrote.\nCanadian choke point\nIn the U.S., there appears to be a whole-of-government approach to cracking down on the crypto industry.\nAs Nic Carter, general partner at Castle Island Ventures,wrote in a recent blog post, crypto-fiat off-ramps in the U.S. are tightening. In early January, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Options Clearing Corporation (OCC) issued a joint statementdiscouraging banksfrom dealing with the crypto industry.\nMetropolitan Commercial Bank, which served exchanges likeCrypto.com,ceased doing business with the industry shortly after. Binance quickly announced it willonly process fiat transactions of over $100,000, due to a new policy at Signature Bank, before suspending USD bank transfers altogether for retail clients. Then, in late January, the Kansas City Feddenied Custodia’s application for a master account.\nCarter writes that this reminds him of the Obama-era "Operation Choke Point," a scheme, as he describes it, as marginalizing specific industries operating legally by putting pressure on the banking sector.\nCanada isn’t immune from the same environment of tightening crypto regulations.CoinDesk reported in Februarythat Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), is preparing for a new regulatory push. One source that spoke to CoinDesk said the new proposed rules will make doing business in Canada too expensive for exchanges.\nBut the updates to these rules aren’t coming as a result of the Trucker Convoy’s blatant defiance of the country’s first crypto sanction.\nDespite Rouleau and the authorities knowing that bitcoin worked as intended for the protesters, allowing them to keep their coins so they can fight another day, increased crypto regulations won’t come as a result of this, but rather as a push to continually define crypto as a security.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank manufacturing PMI(Feb. preliminary)\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(Feb. preliminary)\n6:30 a.m. HKT/SGT (2/22) 10:30 p.m. (UTC):Coinbase earnings\nIn case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV:\nSEC Alleges Terraform\'s Ecosystem Is Simply \'Fraud;\' Bitcoin\'s Strong Week\nIt was a strong last week for bitcoin (BTC), with the largest cryptocurrency by market capitalization seeing its biggest single daily gain in three months. Bitcoin has gained in five of the past seven weeks. This comes as the future of U.S. crypto regulation is in focus following the Securities and Exchange Commission (SEC) suing Terraform Labs and Do Kwon. SEC’s Division of Enforcement Director Gurbir S. Grewal said in part, "... the Terraform ecosystem was neither decentralized, nor finance. It was simply a fraud propped up by a so-called algorithmic stablecoin."\nRetail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS:The crypto market lost more than $450 billion after Terra\'s implosion in May, 2022, and another $200 billion after FTX\'s bankruptcy in November, the report said.\nCrypto Hedge Fund Galois Capital Shuts Down After Losing $40M to FTX:Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX.\nCoinDesk Wins a Polk Award, One of Journalism\'s Top Prizes, for Explosive FTX Coverage:Three stories were honored, including Ian Allison’s scoop that led to Sam Bankman-Fried’s $32 billion crypto empire collapsing in days.\nFTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets:The sales suggest distressed asset funds are projecting recoveries of about 50 cents over five years.\nFTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21:The announcement meets a promise made in December by the ring-fenced exchange.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is starting the day in Asia at $24,815. What\'s going to drive it higher?\nInsights:A report by a Canadian judge considered the government\'s use of the Emergencies Act to quell a "Freedom Convoy" protest focused on Ottawa last year, but avoided recommending additional crypto regulation. The document may say more about officials\' ongoing uncertainties in addressing issues related to digital assets.\nChina, Enthusiasm, and Euphoria Might Drive Bitcoin to the Next Support Level\nCoinDesk Market Index (CMI)\n1,133\n−4.6▼0.4%\nBitcoin (BTC)\n$24,815\n+460.1▲1.9%\nEthereum (ETH)\n$1,701\n+18.2▲1.1%\nS&P 500\n4,079.09\n−11.3▼0.3%\nGold\n$1,851\n+10.1▲0.5%\nNikkei 225\n27,531.94\n+18.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nMonday was a holiday in the U.S. in honor of Presidents’ Day, but crypto never sleeps.\nBitcoin is opening the day in Asia up 1.9% to $24,815, while ether is up 1% to $1,701.\nChina-themed layer 1 protocols experienced quite a surge this week. Conflux is up 500% during the last week, while NEO is up 70%. Both are up around 40% in the last day.\nLast week Conflux announced it ispartnering with China Telecomto build blockchain-based SIM cards. It’s important to remember, however, that theConflux Network within Chinais a separate, tokenless,government-approved blockchainused in conjunction with thecountry’s Blockchain Service Network.\nCraig Erlam, senior market analyst at Oanda, says that solid economic data from a post-COVID-19, re-opened China is going to drive up stocks and crypto prices.\n“The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.”\nWhile crypto and stocks might be on an upward trajectory, Erlam doesn’t see gold going in the same direction.\n“Gold traders do not share the eternal optimism that equity and crypto traders possess, and recent weeks have highlighted that perfectly,” he said. “The yellow metal fell into a corrective pattern and has struggled to get out since.”\nThis week might be a slow one with the U.S. holiday on Monday and not much scheduled for economic events in the U.S. and Europe, but it could be the start of a breakout for bitcoin, with price gains based on enthusiasm alone.\n“Cryptos are seemingly existing in a world of their own, with bitcoin rising 2% again on Monday and eyeing the highs of the last week once more,” he said. “This could be a really pivotal level for bitcoin and a break of it could generate plenty more enthusiasm. And we\'ve all seen what happens when enthusiasm and euphoria exist in cryptos.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+4.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22121.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22120.6%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22120.1%", "DACS Sector": "Smart Contract Platform"}]\nCrypto Regulation Missing From Canada Inquiry Into Emergencies Act\nThe long-awaited report from the inquiry into the Canadiangovernment’s use of the Emergencies Actto quell last year’s "Freedom Convoy" protest centered in Ottawa was released Friday afternoon.\nFor observers of Canadian politics, the inquiry, led by Justice Paul Rouleau was fascinating. But despite crypto acting as an important fundraising mechanism, and protesters using crypto to openly defy the country’s first-ever crypto-related sanctions, absent from Justice’s Rouleau were recommendations for strengthening controls on digital assets.\nRevelations from the hearings\nIn the early weeks of the hearings, which occurred last November, the revelations came fast and furious: Canada’s national intelligence agency did notconsider the protests a national security threatand warned that invoking theEmergencies Act would only radicalize protesters. Police were largely sympathetic to protesters and provided a “steady stream” of leaks to organizers.Despite early claims that Russiawas backing the protest, intelligence officials revealed that it waslargely Canadian-funded.\nMost of Rouleau’s recommendations address the inter-jurisdictional squabbling that defined the first few weeks of the protest.\nBuried in the last pages of the 56-recommendation report is Rouleau’s crypto-related recommendation – the 54th.\n“The federal government should continue with its study into cryptocurrencies. This study should be informed by the findings of this Commission,” Rouleau wrote. “Federal officials should seek to collaborate with counterparts at other levels of government to benefit from existing study in this area and to ensure that any jurisdictional issues may be addressed.”\nBitcoin ‘defied government crackdown’\nCentral to the financing of the protest was bitcoin.\nTraditional crowdfunding platforms such as GoFundMe and GiveSendGo had exposure to Canadian banking rails, and were frozen after an Ontario Superior Court judgeissued a Mareva injunctionordering the platforms and their banking partners to cease facilitating the Convoy’s transactions.\nBut the Convoy’s bitcoin remained outside of the Court’s control.\nAs CoinDeskreported in February last year, most of the bitcoin wallets were completely drained, according to on-chain data. Nearly all of the 20 BTC (about $788,000 U.S. at last year’s exchange rates) was moved to other, non-sanctioned wallets, with some landing at major centralized exchanges.\nAmong bitcoin’s true believers, this was an exemplification of the digital asset’s perfect use case: censorship-resistant money.\n“Bitcoin proved itself to be a sovereign financial rail as hundreds of thousands of dollars in BTC reached protesters in spite of government efforts to block donations,”Bitcoin magazine wrotein June. “Its use as a system for getting hundreds of thousands of dollars in value directly into the hands of those who had been blacklisted by the Canadian government may be the most potent illustration of that power to date.”\nBut this opinion isn’t universally shared within the crypto industry.\nIn February 2022,CoinDesk columnist J.P. Koning wrote that bitcoinwas a bad way to fund the Ottawa protest, and that funding an illegal protest in any currency isn’t right despite the government’s worrying use of the Emergencies Act, which he wrote made him “very uncomfortable.”\n“When protest becomes illegal, it\'s the task of the police to step in and break it up. Any inability to do so on their part hurts one of the other key pillars of a democratic society: rule of law. If the law no longer functions, Canada would quickly descend into a state of perpetual chaos,” Koning wrote.\nCanadian choke point\nIn the U.S., there appears to be a whole-of-government approach to cracking down on the crypto industry.\nAs Nic Carter, general partner at Castle Island Ventures,wrote in a recent blog post, crypto-fiat off-ramps in the U.S. are tightening. In early January, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Options Clearing Corporation (OCC) issued a joint statementdiscouraging banksfrom dealing with the crypto industry.\nMetropolitan Commercial Bank, which served exchanges likeCrypto.com,ceased doing business with the industry shortly after. Binance quickly announced it willonly process fiat transactions of over $100,000, due to a new policy at Signature Bank, before suspending USD bank transfers altogether for retail clients. Then, in late January, the Kansas City Feddenied Custodia’s application for a master account.\nCarter writes that this reminds him of the Obama-era "Operation Choke Point," a scheme, as he describes it, as marginalizing specific industries operating legally by putting pressure on the banking sector.\nCanada isn’t immune from the same environment of tightening crypto regulations.CoinDesk reported in Februarythat Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), is preparing for a new regulatory push. One source that spoke to CoinDesk said the new proposed rules will make doing business in Canada too expensive for exchanges.\nBut the updates to these rules aren’t coming as a result of the Trucker Convoy’s blatant defiance of the country’s first crypto sanction.\nDespite Rouleau and the authorities knowing that bitcoin worked as intended for the protesters, allowing them to keep their coins so they can fight another day, increased crypto regulations won’t come as a result of this, but rather as a push to continually define crypto as a security.\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank manufacturing PMI(Feb. preliminary)\n8:30 a.m. HKT/SGT(12:30 a.m. UTC):Jibun Bank Services PMI(Feb. preliminary)\n6:30 a.m. HKT/SGT (2/22) 10:30 p.m. (UTC):Coinbase earnings\nIn case you missed it, here is the most recent episode of"All About Bitcoin"onCoinDesk TV:\nSEC Alleges Terraform\'s Ecosystem Is Simply \'Fraud;\' Bitcoin\'s Strong Week\nIt was a strong last week for bitcoin (BTC), with the largest cryptocurrency by market capitalization seeing its biggest single daily gain in three months. Bitcoin has gained in five of the past seven weeks. This comes as the future of U.S. crypto regulation is in focus following the Securities and Exchange Commission (SEC) suing Terraform Labs and Do Kwon. SEC’s Division of Enforcement Director Gurbir S. Grewal said in part, "... the Terraform ecosystem was neither decentralized, nor finance. It was simply a fraud propped up by a so-called algorithmic stablecoin."\nRetail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS:The crypto market lost more than $450 billion after Terra\'s implosion in May, 2022, and another $200 billion after FTX\'s bankruptcy in November, the report said.\nCrypto Hedge Fund Galois Capital Shuts Down After Losing $40M to FTX:Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX.\nCoinDesk Wins a Polk Award, One of Journalism\'s Top Prizes, for Explosive FTX Coverage:Three stories were honored, including Ian Allison’s scoop that led to Sam Bankman-Fried’s $32 billion crypto empire collapsing in days.\nFTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets:The sales suggest distressed asset funds are projecting recoveries of about 50 cents over five years.\nFTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21:The announcement meets a promise made in December by the ring-fenced exchange.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is starting the day in Asia at $24,815. What\'s going to drive it higher? Insights: A report by a Canadian judge considered the government\'s use of the Emergencies Act to quell a "Freedom Convoy" protest focused on Ottawa last year, but avoided recommending additional crypto regulation. The document may say more about officials\' ongoing uncertainties in addressing issues related to digital assets. Prices China, Enthusiasm, and Euphoria Might Drive Bitcoin to the Next Support Level CoinDesk Market Index (CMI) 1,133 −4.6 ▼ 0.4% Bitcoin (BTC) $24,815 +460.1 ▲ 1.9% Ethereum (ETH) $1,701 +18.2 ▲ 1.1% S&P 500 4,079.09 −11.3 ▼ 0.3% Gold $1,851 +10.1 ▲ 0.5% Nikkei 225 27,531.94 +18.8 ▲ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Monday was a holiday in the U.S. in honor of Presidents’ Day, but crypto never sleeps. Bitcoin is opening the day in Asia up 1.9% to $24,815, while ether is up 1% to $1,701. China-themed layer 1 protocols experienced quite a surge this week. Conflux is up 500% during the last week, while NEO is up 70%. Both are up around 40% in the last day. Last week Conflux announced it is partnering with China Telecom to build blockchain-based SIM cards. It’s important to remember, however, that the Conflux Network within China is a separate, tokenless, government-approved blockchain used in conjunction with the country’s Blockchain Service Network. Craig Erlam, senior market analyst at Oanda, says that solid economic data from a post-COVID-19, re-opened China is going to drive up stocks and crypto prices. “The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.” Story continues While crypto and stocks might be on an upward trajectory, Erlam doesn’t see gold going in the same direction. “Gold traders do not share the eternal optimism that equity and crypto traders possess, and recent weeks have highlighted that perfectly,” he said. “The yellow metal fell into a corrective pattern and has struggled to get out since.” This week might be a slow one with the U.S. holiday on Monday and not much scheduled for economic events in the U.S. and Europe, but it could be the start of a breakout for bitcoin, with price gains based on enthusiasm alone. “Cryptos are seemingly existing in a world of their own, with bitcoin rising 2% again on Monday and eyeing the highs of the last week once more,” he said. “This could be a really pivotal level for bitcoin and a break of it could generate plenty more enthusiasm. And we\'ve all seen what happens when enthusiasm and euphoria exist in cryptos.” Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +5.5% Smart Contract Platform Avalanche AVAX +4.5% Smart Contract Platform Stellar XLM +4.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −1.3% Smart Contract Platform Chainlink LINK −0.6% Computing Polkadot DOT −0.1% Smart Contract Platform Insights Crypto Regulation Missing From Canada Inquiry Into Emergencies Act The long-awaited report from the inquiry into the Canadian government’s use of the Emergencies Act to quell last year’s "Freedom Convoy" protest centered in Ottawa was released Friday afternoon. For observers of Canadian politics, the inquiry, led by Justice Paul Rouleau was fascinating. But despite crypto acting as an important fundraising mechanism, and protesters using crypto to openly defy the country’s first-ever crypto-related sanctions, absent from Justice’s Rouleau were recommendations for strengthening controls on digital assets. Revelations from the hearings In the early weeks of the hearings, which occurred last November, the revelations came fast and furious: Canada’s national intelligence agency did not consider the protests a national security threat and warned that invoking the Emergencies Act would only radicalize protesters . Police were largely sympathetic to protesters and provided a “ steady stream ” of leaks to organizers. Despite early claims that Russia was backing the protest, intelligence officials revealed that it was largely Canadian-funded . Most of Rouleau’s recommendations address the inter-jurisdictional squabbling that defined the first few weeks of the protest. Buried in the last pages of the 56-recommendation report is Rouleau’s crypto-related recommendation – the 54th. “The federal government should continue with its study into cryptocurrencies. This study should be informed by the findings of this Commission,” Rouleau wrote. “Federal officials should seek to collaborate with counterparts at other levels of government to benefit from existing study in this area and to ensure that any jurisdictional issues may be addressed.” Bitcoin ‘defied government crackdown’ Central to the financing of the protest was bitcoin. Traditional crowdfunding platforms such as GoFundMe and GiveSendGo had exposure to Canadian banking rails, and were frozen after an Ontario Superior Court judge issued a Mareva injunction ordering the platforms and their banking partners to cease facilitating the Convoy’s transactions. But the Convoy’s bitcoin remained outside of the Court’s control. As CoinDesk reported in February last year , most of the bitcoin wallets were completely drained, according to on-chain data. Nearly all of the 20 BTC (about $788,000 U.S. at last year’s exchange rates) was moved to other, non-sanctioned wallets, with some landing at major centralized exchanges. Among bitcoin’s true believers, this was an exemplification of the digital asset’s perfect use case: censorship-resistant money. “Bitcoin proved itself to be a sovereign financial rail as hundreds of thousands of dollars in BTC reached protesters in spite of government efforts to block donations,” Bitcoin magazine wrote in June. “Its use as a system for getting hundreds of thousands of dollars in value directly into the hands of those who had been blacklisted by the Canadian government may be the most potent illustration of that power to date.” But this opinion isn’t universally shared within the crypto industry. In February 2022, CoinDesk columnist J.P. Koning wrote that bitcoin was a bad way to fund the Ottawa protest, and that funding an illegal protest in any currency isn’t right despite the government’s worrying use of the Emergencies Act, which he wrote made him “very uncomfortable.” “When protest becomes illegal, it\'s the task of the police to step in and break it up. Any inability to do so on their part hurts one of the other key pillars of a democratic society: rule of law. If the law no longer functions, Canada would quickly descend into a state of perpetual chaos,” Koning wrote. Canadian choke point In the U.S., there appears to be a whole-of-government approach to cracking down on the crypto industry. As Nic Carter, general partner at Castle Island Ventures, wrote in a recent blog post , crypto-fiat off-ramps in the U.S. are tightening. In early January, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Options Clearing Corporation (OCC) issued a joint statement discouraging banks from dealing with the crypto industry. Metropolitan Commercial Bank, which served exchanges like Crypto.com , ceased doing business with the industry shortly after . Binance quickly announced it will only process fiat transactions of over $100,000 , due to a new policy at Signature Bank, before suspending USD bank transfers altogether for retail clients. Then, in late January, the Kansas City Fed denied Custodia’s application for a master account . Carter writes that this reminds him of the Obama-era "Operation Choke Point," a scheme, as he describes it, as marginalizing specific industries operating legally by putting pressure on the banking sector. Canada isn’t immune from the same environment of tightening crypto regulations. CoinDesk reported in February that Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), is preparing for a new regulatory push. One source that spoke to CoinDesk said the new proposed rules will make doing business in Canada too expensive for exchanges. But the updates to these rules aren’t coming as a result of the Trucker Convoy’s blatant defiance of the country’s first crypto sanction. Despite Rouleau and the authorities knowing that bitcoin worked as intended for the protesters, allowing them to keep their coins so they can fight another day, increased crypto regulations won’t come as a result of this, but rather as a push to continually define crypto as a security. Important events 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank manufacturing PMI (Feb. preliminary) 8:30 a.m. HKT/SGT(12:30 a.m. UTC): Jibun Bank Services PMI (Feb. preliminary) 6:30 a.m. HKT/SGT (2/22) 10:30 p.m. (UTC): Coinbase earnings CoinDesk TV In case you missed it, here is the most recent episode of "All About Bitcoin" on CoinDesk TV : SEC Alleges Terraform\'s Ecosystem Is Simply \'Fraud;\' Bitcoin\'s Strong Week It was a strong last week for bitcoin (BTC), with the largest cryptocurrency by market capitalization seeing its biggest single daily gain in three months. Bitcoin has gained in five of the past seven weeks. This comes as the future of U.S. crypto regulation is in focus following the Securities and Exchange Commission (SEC) suing Terraform Labs and Do Kwon. SEC’s Division of Enforcement Director Gurbir S. Grewal said in part, "... the Terraform ecosystem was neither decentralized, nor finance. It was simply a fraud propped up by a so-called algorithmic stablecoin." Headlines Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS: The crypto market lost more than $450 billion after Terra\'s implosion in May, 2022, and another $200 billion after FTX\'s bankruptcy in November, the report said. Crypto Hedge Fund Galois Capital Shuts Down After Losing $40M to FTX: Galois co-founder said the fund has halted all trading as it is no longer viable post-FTX. CoinDesk Wins a Polk Award, One of Journalism\'s Top Prizes, for Explosive FTX Coverage: Three stories were honored, including Ian Allison’s scoop that led to Sam Bankman-Fried’s $32 billion crypto empire collapsing in days. FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets: The sales suggest distressed asset funds are projecting recoveries of about 50 cents over five years. FTX Japan Customers Can Begin Withdrawing Fiat, Crypto on Feb. 21: The announcement meets a promise made in December by the ring-fenced exchange.', 'Bitcoin and Ether rose in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Solana posted the biggest gains while Polygon’s Matic led losses on Tuesday morning in Asia.\nSee related article:Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world\n• Bitcoin rose 2.1% in the last 24 hours to trade at US$24,833 as of 8 a.m. in Hong Kong, bringing its gains to 13.9% over the past calendar week,according to CoinMarketCap. Ethereum gained 1.3% to US$1,703, rising 13% over the past seven days.\n• Solana was up 5.5% in the last 24 hours and 26.1% for the week to US$26.22 after Helium Network, a blockchain project dedicated to improving connectivity in theInternet of Things, announced on Saturday that it plans tomergewith Solana late in March. Helium’s token HNT, the 95th largest cryptocurrency by market capitalization, was up 10% to US$3.19, a weekly gain of 31.3%.\n• Polygon’s Matic fell 0.4% to US$1.47, but was still trading up 24.4% for the week.\n• XRP rose 3.1% to US$0.39, bringing its weekly gains to 7.4%, after Ripple Labs Inc., the developer of the Ripple payment network which is powered by XRP,tweetedit is recruiting new engineering roles on Monday. The company now has 75 open positions in total, according to itswebsite.\n• The total crypto market capitalization rose 1.2% to reach US$1.13 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 16.4% to US$64.8 billion.\n• Many major U.S. retailers are slated to release their holiday season earnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday. The earning reports are set to come amid growing recessionary concerns in the U.S., as the Federal Reserve has raised interest rates from near zero to 4.5% to 4.75% to cool inflation.\n• The latest Consumer Price Index data showed that inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November.Analysts at the CME Grouppredict a roughly 80% chance that the Fed will raise rates by another 25 basis points next month.\n• U.S. equities will resume trade on Tuesday after closing on Monday for Presidents’ Day.\nSee related article:Hong Kong begins public consultation on crypto licensing regime', 'Bitcoin and Ether rose in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Solana posted the biggest gains while Polygon’s Matic led losses on Tuesday morning in Asia. See related article: Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world Fast facts Bitcoin rose 2.1% in the last 24 hours to trade at US$24,833 as of 8 a.m. in Hong Kong, bringing its gains to 13.9% over the past calendar week, according to CoinMarketCap . Ethereum gained 1.3% to US$1,703, rising 13% over the past seven days. Solana was up 5.5% in the last 24 hours and 26.1% for the week to US$26.22 after Helium Network, a blockchain project dedicated to improving connectivity in the Internet of Things , announced on Saturday that it plans to merge with Solana late in March. Helium’s token HNT, the 95th largest cryptocurrency by market capitalization, was up 10% to US$3.19, a weekly gain of 31.3%. Polygon’s Matic fell 0.4% to US$1.47, but was still trading up 24.4% for the week. XRP rose 3.1% to US$0.39, bringing its weekly gains to 7.4%, after Ripple Labs Inc., the developer of the Ripple payment network which is powered by XRP, tweeted it is recruiting new engineering roles on Monday. The company now has 75 open positions in total, according to its website . The total crypto market capitalization rose 1.2% to reach US$1.13 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 16.4% to US$64.8 billion. Many major U.S. retailers are slated to release their holiday season earnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday. The earning reports are set to come amid growing recessionary concerns in the U.S., as the Federal Reserve has raised interest rates from near zero to 4.5% to 4.75% to cool inflation. The latest Consumer Price Index data showed that inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November. Analysts at the CME Group predict a roughly 80% chance that the Fed will raise rates by another 25 basis points next month. U.S. equities will resume trade on Tuesday after closing on Monday for Presidents’ Day. See related article: Hong Kong begins public consultation on crypto licensing regime', 'Bitcoin and Ether rose in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization. Solana posted the biggest gains while Polygon’s Matic led losses on Tuesday morning in Asia.\nSee related article:Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world\n• Bitcoin rose 2.1% in the last 24 hours to trade at US$24,833 as of 8 a.m. in Hong Kong, bringing its gains to 13.9% over the past calendar week,according to CoinMarketCap. Ethereum gained 1.3% to US$1,703, rising 13% over the past seven days.\n• Solana was up 5.5% in the last 24 hours and 26.1% for the week to US$26.22 after Helium Network, a blockchain project dedicated to improving connectivity in theInternet of Things, announced on Saturday that it plans tomergewith Solana late in March. Helium’s token HNT, the 95th largest cryptocurrency by market capitalization, was up 10% to US$3.19, a weekly gain of 31.3%.\n• Polygon’s Matic fell 0.4% to US$1.47, but was still trading up 24.4% for the week.\n• XRP rose 3.1% to US$0.39, bringing its weekly gains to 7.4%, after Ripple Labs Inc., the developer of the Ripple payment network which is powered by XRP,tweetedit is recruiting new engineering roles on Monday. The company now has 75 open positions in total, according to itswebsite.\n• The total crypto market capitalization rose 1.2% to reach US$1.13 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 16.4% to US$64.8 billion.\n• Many major U.S. retailers are slated to release their holiday season earnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday. The earning reports are set to come amid growing recessionary concerns in the U.S., as the Federal Reserve has raised interest rates from near zero to 4.5% to 4.75% to cool inflation.\n• The latest Consumer Price Index data showed that inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November.Analysts at the CME Grouppredict a roughly 80% chance that the Fed will raise rates by another 25 basis points next month.\n• U.S. equities will resume trade on Tuesday after closing on Monday for Presidents’ Day.\nSee related article:Hong Kong begins public consultation on crypto licensing regime', "(Bloomberg) -- Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US. Most Read from Bloomberg Apple Makes Major Progress on No-Prick Blood Glucose Tracking for Its Watch China\x92s Cease-Fire Proposal for Ukraine Gets Quick Dismissal Russian Support for Putin\x92s War in Ukraine Is Hardening Plane Forced to U-Turn Minutes Before Landing Sends Passengers Back Home Jerome Powell\x92s Worst Fear Risks Coming True in Southern Job Market Individual investors would be allowed to trade larger coins on exchanges licensed by the Securities and Futures Commission, providing safeguards such as knowledge tests, risk profiles and reasonable limits on exposure are put in place, the regulator said in a consultation paper on Monday. The agency didn\x92t specify which large-capitalization tokens will be allowed for retail investors. Instead, it said the coins should be included in at least two acceptable, investible indexes from independent providers, one of which should have experience in the traditional financial sector. The consultation period will end on March 31, and the objective is to allow retail trading in the new licensing regime for crypto exchanges due on June 1. Bitcoin and Ether, the two biggest digital assets by market value, are likely to be listed by Hong Kong platforms, an SFC spokesperson said in a briefing. Hong Kong at the end of October pivoted to a pro-crypto stance, part of a wider effort to restore the city\x92s credentials as a financial center. Officials are aiming to learn the lessons of last year\x92s $1.5 trillion digital-asset rout and a spate of global bankruptcies, like the collapse of the FTX exchange, to create a mandatory regulatory framework that can woo firms and protect investors. The consultation paper didn\x92t specify particular crypto indexes as a reference point for a taxonomy of allowable tokens. The onus would be on exchanges to monitor listed assets to ensure they qualify for trading by individual investors. Story continues The government has already allowed exchange-traded funds investing in CME Group Bitcoin and Ether futures and this month sold inaugural digital green bonds. Digital-asset executives are increasingly being drawn to the friendlier policy stances of places like Hong Kong, Dubai and Europe as a spate of crypto probes in the US cloud that country\x92s position as an industry heartland. \x91Next Bull Run\x92 Hong Kong\x92s pivot could also open up a conduit to mainland Chinese investment if Beijing one day loosens the ban on most things crypto on the mainland. Cameron Winklevoss, co-founder of the crypto exchange Gemini, tweeted Sunday that his \x93working thesis\x94 is \x93the next bull run is going to start in the East.\x94 Brian Armstrong, chief executive officer of Coinbase Global Inc., has alluded to Hong Kong as among the jurisdictions now leading in digital assets. Justin Sun\x92s crypto exchange Huobi Global is applying for a crypto trading license in Hong Kong and is launching a new trading venue there, Sun said on Twitter on Monday. The new exchange, called Huobi Hong Kong, will focus on institutional investors
**Last 60 Days of Bitcoin's Closing Prices:**
[16796.95, 16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-21
**Financial & Commodity Data:**
- Gold Closing Price: $1833.00
- Crude Oil Closing Price: $76.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $477,159,257,250
- Hash Rate: 325061359.18040776
- Transaction Count: 290457.0
- Unique Addresses: 654981.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin miner Bitfarms (BITF) might have already, or may in the future, stop making installment payments on a $20 million loan from bankrupt crypto lender BlockFi, effectively defaulting on the loan, the firmsaid in a press releaseon Friday. As a result, Bitfarms is looking to modify the loan.
The original loan for $32 million was signed in February 2022 by Backbone Mining Solutions, a Bitfarms company that operates a 20 megawatt (MW) mining site in Washington state.
The loan now has $20 million outstanding and is secured by only $5 million in assets, in the form of some mining machines and the bitcoin they produce. So the miner is looking for more favorable terms on the loan and reducing its obligations.
"Neither a restructuring on more beneficial loan terms nor a reduction in BMS’s indebtedness is assured," the Friday press release said.
Canada-based Bitfarms has beenworking to reduce its loans, but still has $47 million outstanding, including the loan with BlockFi.
Miners have been haunted by their heavy debt obligations in a bear market that has seen the value of their collateral, usually crypto assets and mining machines, plummet. Two of the biggest firms in the industry, Compute North and Core Scientific (CORZ), have filed for Chapter 11 bankruptcy protection.
As of the end of 2022, Bitfarms had $36 million in cash and unencumbered crypto.
The stock is down over 5% at 95 cents in pre-market trading.
Read more:Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market...
- Reddit Posts (Sample): [['u/Dune7', 'After BTC, someone ports Ordinals to LTC. Is this good for Bitcoin Cash?', 22, '2023-02-21 00:09', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/', '> A GitHub user by the name of ynohtna92 has forked the Bitcoin Ordinals protocol to support Litecoin. Some adjustments to the ordinal number scheme (sat count) were necessary for the fork to be implemented. To align with the recent Litecoin MWEB upgrade, the user inscribed the mimble wimble white paper onto the first Litecoin Ordinal.\n\n> \\- u\\/coinfeeds-bot wrote in r\\/cryptocurrency\n\nThe following comments were observed on Reddit:\n\n> "[If Ordinals breaks Litecoin, then it is not anti-fragile.](https://np.reddit.com/r/litecoin/comments/116ukuj/anthonyonchain_ports_ordinals_to_litecoin_mweb/j9azeiu/)" - u/indigo_nakamoto in r\\/litecoin\n\n> "[350KB image cost me $0.10, and to do the same thing right now on Bitcoin is about $550](https://np.reddit.com/r/CryptoCurrency/comments/117dhm4/someone_forked_bitcoin_ordinals_nfts_onto/j9bgvcp/)" - same user, in r\\/cryptocurrency\n\n> "And what is the benefit?" - another user in the same thread\n\nAnd for historical perspective:\n\n> "[...] [the very real benefit Litecoin has long had with its anti-spam mechanism making transactions that do happen to not be crowded out by worthless spam outputs.](https://github.com/litecoin-project/litecoin/issues/194#issuecomment-99261120)" - Warren Togami, developer on BTC and LTC, responding to a question about blocksize on Litecoin in 2015\n\nGuess we have to wait and see what happens when cheap blockspace meets the "storing data on the blockchain" crowd.\n\nI get flashbacks to what happened to BSV, but LTC and BTC developers are probably not going to let things get quite so bad.\n\nBut if blocks can be filled up by Ordinals cheaply, then financial transactions must pay more - or move to other chains where they are more economical.\n\nLTC still has MWEB (extension block for confidential transactions). But this was supposed to be strictly optional -- some services incl. well known exchanges do not support these private transactions.\n\nIf regular financial transactions on LTC will be crowded out by arbitrary data, then this would be bad news for financial transactions on LTC, to a surprisingly large degree.\n\nWhy?\n\n> MW does come with its own disadvantages. For example, transactions must be built interactively. It is also not script-based which makes it impossible to implement as a typical soft-fork. This also makes private Litecoin transactions BOLT incompatible and currently unsuitable for the Lightning Network being developed on top of Bitcoin and Litecoin. \n\nSource: https://github.com/litecoin-project/lips/blob/master/lip-0003.mediawiki#rationale-for-mimblewimble\n\nI think you can figure out the implications!\n\np.s. Bullish on Bitcoin Cash :)', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/', '117nme2', [['u/knowbodynows', 11, '2023-02-21 02:59', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9d9yva/', '> LTC and BTC developers are probably not going to let things get quite so bad.\n\nAnd what can they do exactly?\n\nIf there\'s a monkey on the LTC chain then it\'s *done* and they *have!* \n\n**This is the most gentelmen news I\'ve heard since, well, the word "ordinals" last month.**\n\nThe first ape pic on LTC will be the first jpg \'nft\' I\'m interested to bid on, the \'silver\' that catalyzed the end of \'gold.\' \n\n[Picture of bicycle rider shoving monkey painting into his front spokes]', '117nme2'], ['u/KallistiOW', 10, '2023-02-21 06:42', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9dzmni/', '- no segwit, the "inscriptions" are being stuffed into the discounted witness part of the block, BCH doesn\'t have this\n\n- BCH has a 1mb transaction size limit, beyond that nothing really stops someone from putting whatever they want in that 1mb', '117nme2'], ['u/ftrader', 12, '2023-02-21 10:03', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9efkwd/', "You're both right...\n\nData carrier size on BCH is still limited (up to 223 bytes ([220 of which can be used for payload](https://upgradespecs.bitcoincashnode.org/CHIP-2021-03-12_Multiple_OP_RETURN_for_Bitcoin_Cash/)), possibly shared by more than one OP_RETURN since CHIP-2021-03-12_Multiple_OP_RETURN_for_Bitcoin_Cash.\n\nMaximum transaction sizes are still as they were set during the fork in 2017.\n\nhttps://upgradespecs.bitcoincashnode.org/uahf-technical-spec/#req-5-max-tx-max-block-sigops-rules-for-blocks-1-mb\n\nThat means:\n\n- maximum _standard_ size of a tx is 100KB (this is the maximum that will propagate regularly on the network),\n\n- maximum size of tx per consensus is 1MB, i.e. 10 times that, but this can only be mined by getting the cooperation of a miner since non-standard transactions do not propagate on the network.\n\nThere are no current ChIPs to increase these parameters which have served Bitcoin Cash quite well (could say they're rather battle tested).", '117nme2'], ['u/ftrader', 11, '2023-02-21 10:15', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9egdha/', 'NFTs via native tokens (CashTokens) become possible on BCH in May 2023 (this year).\n\nPeople cared about it :)', '117nme2']]], ['u/No-Comparison-8804', 'The only way to make money in crypto.', 24, '2023-02-21 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/', "I will share the strategy that helped me grow my portfolio from 3k to 20k, which I plan to use again. I've tried leverage trades and options, and it never works out. The steps are as follows:\n\n1. find a few promising cryptocurrencies with strong fundamentals and projects that you believe in, such as ETH, MATIC, XRP, and of course, BTC.\n2. Transfer these coins to a wallet and write down the seed phrase on a piece of paper, keeping it safe in a secure location. don't get too fancy with this, just write it as follows and maybe try to memorize it for extra backup down the road.\n3. Delete any trading apps or websites you use, and disconnect from all cryptocurrency news, forums, and other sources of market information. Avoid checking the market altogether.\n4. Don't gamble your crypto. Like stated above, anything with risky leverage is just gambling, but also don't fall for predatory crypto casinos, YOU WILL ALWAYS LOSE.\n5. Make a plan to DCA (or don't) to keep adding small amounts here and there and build your portfolio over time. \n6. Enjoy your life for a few years, free from worries about your crypto investments. Pursue your interests and have fun.\n7. After a few years, check the value of your portfolio and use your newfound wealth to purchase whatever you desire.\n\n\nTLDR:\nDCA, DCA, DCA. Don’t get fancy.\n\nEdit: I didn’t expect to teach anyone something new here. I’m just reiterating the only proven way to be sustainable and play the long game correctly.", 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/', '117p22y', [['u/reddito321', 12, '2023-02-21 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cw1au/', 'We’re here to **buy high and sell low**, no idea what this “making money” thing of yours is', '117p22y'], ['u/Maxx3141', 17, '2023-02-21 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cwa69/', "I agree with 1 and 2, but I don't think you have to disconnect yourself from the entire crypto world. I'm holding for years, and I'm very active in the crypto space.\n\nWith time you will learn to ignore the FOMO and fear and become sceptical enough to not jump into any new alt coin.", '117p22y'], ['u/_cipherunknown', 74, '2023-02-21 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cy2fs/', 'Step 0: Have spare FIAT to invest with', '117p22y'], ['u/Maleficent-Ad-8763', 12, '2023-02-21 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cyqvu/', 'The most important one!!', '117p22y']]], ['u/TheOtherCoolCat', 'Wayback in time, quick look at Dogecoin', 26, '2023-02-21 03:05', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/', 'Some days ago I was totally surprised to find out that Dogecoin was actually created back in 2013. \n\nCreated by Billy Markus and Jackson Palmer. It was officially launched on December 6, 2013 and had over a million visitors on its website within its first month. On December 19, 2013 it already had a large pump rising from $0.00026 to $0.00095 (nearly 300%). Then 3 days later it crashed, losing 80% of its value.\n\n[the background had words popping up in a manner of the doge meme \\\\"such currency\\\\"](https://preview.redd.it/txf2spsb3gja1.png?width=1920&format=png&auto=webp&v=enabled&s=cd07e7ed006e63662a83af72ca94c99737fdf0e0)\n\nThere\'s a lot of history behind the coin. With hacks, large pumps and the community getting together to "SaveDogemas", to help those who had their coins stolen.\n\nI won\'t be going deep into the story behind Doge. I was more curious about when Dogecoin started appearing on the top50 list. The earliest date that I could find on CoinMarketCap where Dogecoin appears in the top50 is December 18, 2013. \n\nMarket Caps 18-dec \nBTC: $6,781,166,595 \nLTC: $406,447,486 \nDOGE: $2,157,056 \n\nhttps://preview.redd.it/hv320uby4gja1.png?width=921&format=png&auto=webp&v=enabled&s=24af349639a9ad16b2681a38e1f49eb0587459c3\n\nThen within a few days on December 21 it had already tripled its market cap and rose to the 13th position.\n\nMarket Caps 21-dec \nBTC: $ 7,648,316,316 \nLTC: $ 431,322,613 \nDOGE: $ 6,015,886\n\nThen a huge pump started in the midst of January, 2014. Where they finally broke into the Top10 coins by market cap. Quickly rising and surpassing many coins.\n\n[Jan 14, 2014 - $8,178,613](https://preview.redd.it/rxd73u9s7gja1.png?width=1011&format=png&auto=webp&v=enabled&s=82ef2c5017c82c737384210d3a432344edf78154)\n\n&#x200B;\n\n[Jan 18, 2014 - $18,079,398](https://preview.redd.it/8ne9a0y78gja1.png?width=1032&format=png&auto=webp&v=enabled&s=71edb8e21213dc9e685e1c619fabe40b06f9fa9f)\n\nBy January 18 it was already in the Top 10 and it wasn\'t even finished pumping. Reaching the peak of the pump on Jan 21 with a market cap of over $76 million.\n\n&#x200B;\n\nhttps://preview.redd.it/3u7ubcoq8gja1.png?width=1125&format=png&auto=webp&v=enabled&s=d879bc7c42b2212697fab70cbf2fa13022bee8fb\n\nI\'m just sharing this because I was surprised to see that Dogecoin was already a top10 way back then. I don\'t even like Dogecoin at all but it\'s so crazy to think a memecoin was created and within 2 weeks was already in the Top 50 coins and less than 2 months after it was a Top 10 coin.\n\nMany of those coins in the last image are completely dead now but Dogecoin is still alive and all.', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/', '117rhz9', [['u/Setyman', 25, '2023-02-21 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/j9db1ot/', 'The OG meme coin. For that alone its place in crypto history is well deserved.', '117rhz9'], ['u/forceworks', 11, '2023-02-21 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/j9dbry2/', 'Good boy is almost 10. A senior citizen in human years.', '117rhz9'], ['u/the_far_yard', 15, '2023-02-21 03:56', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/j9dhck3/', "The simplicity works. If I have the need to transfer my coins in between exchanges, I'd opt for either XLM, or DOGE. Short term transaction, and it's reliable. \n\nMost people don't even realize that DOGE is a fork from Luckycoin, which is a split from Litecoin, and a fork of Bitcoin. It's a reliable method of transfer- jokes aside.", '117rhz9']]], ['u/Agentgwg', 'I know this will somehow cause a crash, but I am now down less than 50%.', 11, '2023-02-21 03:45', 'https://www.reddit.com/r/ethtrader/comments/117sbiq/i_know_this_will_somehow_cause_a_crash_but_i_am/', 'I bought a little bit of Ethereum back in 2021 and since then have grown to love the project. I didn’t put in more than I could afford to lose, but it was still painful to be down by up to 70% at one point of my initial investment. However, after climbing back up today I am now down less than 50% of my initial investment.\n\nI’ve since moved on from viewing Ethereum as a quick cash grab and more as a future financial asset. Even picked up an NFT along the way. But it’s still nice to see that Ethereum is approaching a value where I don’t feel foolish for having traded my fiat for it. Who knows, one day One Ethereum could be worth more than Bitcoin and at this rate even my small investment could be life changing.\n\nI know since the market revolves around me that posting this will cause the market to crash, but hey, I’m seeing a pattern of upswing and taking a moment to celebrate the potential.', 'https://www.reddit.com/r/ethtrader/comments/117sbiq/i_know_this_will_somehow_cause_a_crash_but_i_am/', '117sbiq', [['u/TedEBagwell', 13, '2023-02-21 03:50', 'https://www.reddit.com/r/ethtrader/comments/117sbiq/i_know_this_will_somehow_cause_a_crash_but_i_am/j9dgjh3/', '$1700 is roughly my break even (slight profit) every time it hits 1700 it crashes back down a few hundred lmao', '117sbiq']]], ['u/Tryingtodoit23', 'My experience says do NOT say "I told you so"', 33, '2023-02-21 03:46', 'https://www.reddit.com/r/CryptoCurrency/comments/117scc4/my_experience_says_do_not_say_i_told_you_so/', 'I think crypto in the next few years will create enormous wealth for a few, a lot will make a little, and many will lose.\n\nThose who make the most generally will be aggressive buyers who have 10-15 year time horizons and will live their life by a motto of "don\'t spend anything" and/or a "make a lot, don\'t spend anything". Most likely more wealth to the latter.\n\nFor those that make a lot, I think that you will hear many "you\'re an idiot" comments along the way. The voice in your head might say "Tell them I TOLD YOU SO". Please read this, I think it brings real value.\n\n1. Disclosing your crypto holdings, especially if big, will bring you pain in relationships. You will see friends, family, gf, bf, whatever, asking for money. \n2. It is a massive security risk to have people think that they can rob you via your phone.\n3. Please do not be that guy who made $800k and ended up with a watch and a short sale.\n4. Most people will actually regret not buying enough. Had I actually listened to what I preached, I would be retired at 39 off real estate instead of gunning for 42-44. I can easily see eth at 15k and btc at 150k in 2027 and a group of guys saying bragging how they bought it(they own $5,000 worth yet have a Rolex).\n5. Do not quit your job until you are 100% ready to role out. Your job equals cash flow equals more assets.', 'https://www.reddit.com/r/CryptoCurrency/comments/117scc4/my_experience_says_do_not_say_i_told_you_so/', '117scc4', [['u/Setyman', 13, '2023-02-21 03:49', 'https://www.reddit.com/r/CryptoCurrency/comments/117scc4/my_experience_says_do_not_say_i_told_you_so/j9dgfz3/', 'I told you so.', '117scc4'], ['u/-Rhymenocerous-', 10, '2023-02-21 03:56', 'https://www.reddit.com/r/CryptoCurrency/comments/117scc4/my_experience_says_do_not_say_i_told_you_so/j9dhash/', 'Everytime the market shows any uptrend these posts appear 😂', '117scc4'], ['u/NoPressureFlips', 12, '2023-02-21 04:17', 'https://www.reddit.com/r/CryptoCurrency/comments/117scc4/my_experience_says_do_not_say_i_told_you_so/j9djz2g/', "If people call me an idiot and I make a lot of money not only am I saying I told you so but I'm doing a little dance around them.", '117scc4']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, February 21, 2023', 28, '2023-02-21 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/', '117uzco', [['u/diydude2', 10, '2023-02-21 07:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9e2baw/', "It's the only rational course of action at this time.", '117uzco'], ['u/Autvin', 11, '2023-02-21 08:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9eawpk/', 'I’m no doctor, but all this edging can’t possibly be healthy.', '117uzco'], ['u/cryptojimmy8', 10, '2023-02-21 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9efffa/', 'Pretty much all my crypto is red today?', '117uzco'], ['u/cryptojimmy8', 12, '2023-02-21 10:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9eg5hs/', 'Last attempt at 25k for a while? Bounces getting weaker after the dips', '117uzco'], ['u/Carnotaur3', 10, '2023-02-21 10:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9ege3l/', 'I think we are in for major moves today', '117uzco'], ['u/xixi2', 13, '2023-02-21 12:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9epgok/', '"Once we get to 25k it\'s straight to 28k!"....', '117uzco'], ['u/52576078', 14, '2023-02-21 12:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9eq5yd/', 'Can I just say: fuck that war.', '117uzco'], ['u/Downtown-Ad-4117', 10, '2023-02-21 12:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9erbwz/', 'It stops when the Russians return to their own country.', '117uzco'], ['u/mrlegday', 14, '2023-02-21 13:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9evmfx/', "I'm starting to feel short term bearish here tbh.\n\nI don't like that last rejection I feel like we should have pumped, I don't like the PA from that rejection we shouldn't be here fighting for 24.5... We are once again at the mercy of stonks which act with more bearishness than what I was expecting, this is probably because stonks were projecting for only 1 0.25% rate hike last week, which doesn't seem to be the case anymore.\n\nMaybe we do need to test lower levels again. 22.5-23 k seems reasonable target in case we breakdown, \n\nI think its about 50-50 between mega pump and visiting older support line at this point that is why I took profits from a long I had .\n\nStill think this is overall bullish just may take some longer time.", '117uzco'], ['u/dopeboyrico', 22, '2023-02-21 16:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9ffjmy/', 'March is only a week away. [Gas prices](https://www.gasbuddy.com/charts) need to rise 26% between now and March just to break even with the levels they were at in March 2022.\n\nMedian home price is now 13% lower than its peak from June 2022. If [median home price](https://ycharts.com/indicators/us_existing_home_median_sales_price) stays the same between now and March (not falls further, just stays the same) then YoY median home price will begin going negative and will be 5% lower than March 2022.\n\nEnergy costs have a significant impact on overall CPI since they impact the input costs of all other goods measured in CPI. Shelter is the single largest component of CPI and is about to start heading negative YoY. If both energy and shelter are negative YoY, they’re going to begin dragging down overall YoY CPI. For the past year they’ve been positive and elevating YoY CPI. That’s about to flip; YoY CPI is going to begin falling off a cliff in March as a result of this.\n\nBTC has not yet broken major resistance at $25.1k which was its local high from August 2021. Once that gets broken, momentum will be clearly in favor of bulls. Additionally, once March comes around, YoY CPI will begin falling off a cliff so macro will flip in favor of BTC as well.\n\nOfficial CPI numbers for March won’t release until April but projections throughout the month are going to show a significant decrease in YoY CPI compared to months prior. Futures are still pricing in a terminal Fed funds rate between 5.5%-5.75% by end of year. Fed funds rate is currently 4.65% and will increase to 4.9% after the next and final 25 BP rate hike in March occurs. Once YoY CPI begins falling off a cliff the Fed is going to pause further rate hikes and potentially even begin cutting rates later in the year as YoY CPI continues to fall further. Futures still aren’t expecting this to happen; futures still believe YoY CPI will remain elevated for the foreseeable future. But it won’t and once this causes futures to reprice their expectations down, BTC is going to rally hard.\n\nYou don’t have much time left. You have until BTC breaks $25.1k or March begins, whichever comes first. Now is the time to be fully in position.', '117uzco'], ['u/Euphoricsoul', 11, '2023-02-21 16:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9fkth9/', 'Thank you for tracking these metrics and summarizing them here. I have been tracking the same numbers, but would not be able to translate them as eloquently as you have. \n\nMy only concern with regard to energy prices is that because they were artificially suppressed last year through sales from the US strategic reserves, we could see a significant increase as we approach the summer months - particularly with China reopening from another round of COVID lock-downs. This could cause Powell & Co. to feel compelled to continue rate hikes which would impact global markets negatively.\n\nI remain optimistic, however.', '117uzco'], ['u/52576078', 16, '2023-02-21 16:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9fljvs/', 'Quite a few people here predicted this. We\'re never going to see 2% again. They\'ll announce victory at 4% and off we\'ll go again.\n> \n> "There\'s no evidence that 3% or 4% inflation does substantial damage relative to 2% inflation," said Ball, one of the economists who signed that letter.\n> \n> Now, though, as the world shifts to a new post-pandemic normal, the inflation targets of central banks across the world have faced new scrutiny.\n> \n> "It is, I think, an error to say 2% is somehow magically the right number," former Federal Reserve Bank of Kansas City president Thomas Hoenig told CNBC.\n\n\nhttps://www.cnbc.com/2023/02/20/the-federal-reserves-2percent-inflation-targeting-policy-explained.html', '117uzco'], ['u/xtal_00', 16, '2023-02-21 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9fz2q4/', "Putting my money where my mouth is, added here, and lowered my average entry to \\~24500.\n\nWe haven't broken down, and that means it's going back up.\n\nThesis changes if 24k falls. Good times.", '117uzco'], ['u/DEEPFIELDSTAR', 11, '2023-02-21 18:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9g0lcf/', '> went "all in" near 25k resistance like this sub encourages\n\nLiterally not one person encourages that here.', '117uzco'], ['u/xtal_00', 11, '2023-02-21 18:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9g4ljt/', "People are much to impatient.\n\nFirst, Bitcoin needs to be worth something. \n\nThen we figure out what it's worth. <-- you are here\n\nThen we figure out what it's scope will be in the economy.\n\nThen it's price stabilizes as a function of global GDP.\n\nThen we win.", '117uzco'], ['u/AccidentalArbitrage', 30, '2023-02-21 19:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9g6cci/', 'Weird take. \n\nStablecoin "printing" as you call it, is just existing dollars moving into the crypto ecosystem. Of course prices tend to increase when stablecoin flows are net positive, since those stablecoins are (generally) used within the ecosystem to buy Bitcoin and other crypto and provide liquidity, that\'s hardly a revelation. Nearly all traders track stablecoin flows for this exact reason.\n\nIn my years here you\'ve gone from one of the most insightful posters to one of the most jaded and cynical. Seemingly crafting conclusions first, then grasping at straws to find supporting "data" for them after the fact. I suspect it may be because you\'ve had a rough time trading lately, but I hope not and hope you\'re doing ok mate.\n\n\\-AccidentalArbitrage', '117uzco'], ['u/mrlegday', 12, '2023-02-21 19:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9g7moy/', "He's a no coiner, with most of ideas revolving around stable manipulation.\n\nReally close to butcoin material tbh.", '117uzco'], ['u/AccidentalArbitrage', 15, '2023-02-21 19:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gaf4l/', "What's your trade? Entry? Leverage? SL?", '117uzco'], ['u/AccidentalArbitrage', 12, '2023-02-21 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gamk4/', 'The road from bitcoiner to bitter buttcoiner is certainly paved with horrible trades.', '117uzco'], ['u/EquitiesFIRE', 15, '2023-02-21 20:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gg1ln/', 'The halvening is coming', '117uzco'], ['u/RetardIdiotTrader', 21, '2023-02-21 21:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gj5du/', 'Halvening of the price.', '117uzco'], ['u/Cadenca', 17, '2023-02-21 21:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gjscj/', "You know stocks are dumping real good.. Heroic price action from btc. Realistically can't complain at all", '117uzco'], ['u/xtal_00', 14, '2023-02-21 22:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gqnki/', 'Threw all in on a tight stop. 24175 or so.', '117uzco'], ['u/zberg69420', 18, '2023-02-21 23:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/117uzco/daily_discussion_tuesday_february_21_2023/j9gz8cb/', 'Stocks acting straight histrionic about future rate hikes. My money is on up, even if I lose a little in the short term. I just dont buy the chicken little "oh NO! maybe another 25 bps!" \n\nTime for a bourbon. Will see how well this ages tomorrow', '117uzco']]], ['u/wheat4brick', 'I’m so bullish', 63, '2023-02-21 06:30', 'https://www.reddit.com/r/Bitcoin/comments/117vjkk/im_so_bullish/', 'I first heard about bitcoin in passing back during the 2017 bull run, but didn’t do much digging until 2020. That’s when I first bought bitcoin and decided to HODL a little, “just in case it catches on.”\n\n2022. Bitcoin is down a lot. We witnessed so much death and destruction in the crypto industry, yet Bitcoin’s value proposition hasn’t changed. This was when it finally hit me. We can hold our OWN COINS via self-custody. No trust is needed from any kind of financial institution. 21 million coins. No more, no less. This is true financial freedom.\n\nIn 2023, Bitcoin is now up 60% from the bottom in USD terms, despite the macro fears and other FUD. While no one can truly make price predictions, the halving is one year away and given previous cycle’s performances, Bitcoin may be the turning point in many of our lives. \n\nIt’s a privilege to be able to accumulate and understand Bitcoin and sometimes I feel like I’m seeing something that my peers may not for the time being. I’m doing what’s best for myself, to escape our current financial system (I mean, I just assume at this point I won’t even be getting Social Security…gotta take care of myself somehow).\n\n\nStay very humble, and stack sats my friends.', 'https://www.reddit.com/r/Bitcoin/comments/117vjkk/im_so_bullish/', '117vjkk', [['u/cant_read_this', 15, '2023-02-21 12:31', 'https://www.reddit.com/r/Bitcoin/comments/117vjkk/im_so_bullish/j9eq6rw/', 'I’m going to add the 2024 Bitcoin price chart to my *boner jams* 1997 VHS cassette tape.', '117vjkk']]], ['u/rBitcoinMod', 'Daily Discussion, February 21, 2023', 49, '2023-02-21 07:05', 'https://www.reddit.com/r/Bitcoin/comments/117w61f/daily_discussion_february_21_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/1170cl5/mentor_monday_february_20_2023_ask_all_your/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/117w61f/daily_discussion_february_21_2023/', '117w61f', [['u/AloneDay8829', 18, '2023-02-21 07:19', 'https://www.reddit.com/r/Bitcoin/comments/117w61f/daily_discussion_february_21_2023/j9e2vae/', 'China is now backing Hong Kong as a Bitcoin hub.\n\nHoly shit\n\nhttps://www.bloomberg.com/news/articles/2023-02-21/hong-kong-s-crypto-hub-ambitions-win-quiet-backing-from-beijing\n\nhttps://www.coindesk.com/business/2023/02/21/crypto-in-hong-kong-getting-soft-backing-from-beijing-bloomberg/', '117w61f'], ['u/IgotnoideawhatIsay', 12, '2023-02-21 08:02', 'https://www.reddit.com/r/Bitcoin/comments/117w61f/daily_discussion_february_21_2023/j9e6hic/', 'This is really going to be a bull year isn’t it 🤩', '117w61f'], ['u/escodelrio', 20, '2023-02-21 14:21', 'https://www.reddit.com/r/Bitcoin/comments/117w61f/daily_discussion_february_21_2023/j9f0q55/', 'Historical Bitcoin\xa0prices for today, February 21st:\n\n2023 - $24,710\n\n2022 - $37,043\n\n2021 - $57,442\n\n2020 - $9,696\n\n2019 - $3,936\n\n2018 - $10,456\n\n2017 - $1,124\n\n2016 - $439\n\n2015 - $244\n\n2014 - $569\n\n2013 - $30\n\nVia [Twitter](https://twitter.com/btchistorical/status/1627986668962676736)', '117w61f']]], ['u/TheRock_0001', 'These Are The Best (And Worst) Performing Stocks Of 2023', 42, '2023-02-21 07:30', 'https://www.reddit.com/r/stocks/comments/117wl8c/these_are_the_best_and_worst_performing_stocks_of/', " Driving stocks’ broad rebound over the first seven weeks of the year are several of last year’s black sheep, including Tesla, the always volatile electric vehicle company helmed by the U.S.’ second-richest man Elon Musk.\n\n&#x200B;\n\n Tesla is the best-performing stock listed on the S&P 500 year-to-date, rising 69%, while the other five best-performing S&P constituents are streamer Warner Bros. Discovery (up 63%), biotechnology contractor Catalent (59%), orthodontics firm Align Technology (50%) and the cruise liner Royal Caribbean (48%), according to FactSet data.\n\nDespite spanning industries, each of those companies have one thing in common: They were among the worst-performing stocks of 2022, each losing 35% or more last year.\n\nOther notable gainers this year are fellow streamers Paramount (40%) and Disney (21%), Silicon Valley technology giants Nvidia (46%) and Meta (44%) and other leisure travel stocks like Norwegian Cruise Line (44%) and Caesars Entertainment (27%).\n\n \n\nThe S&P’s biggest losers are also a diverse group, led by telecommunications firm Lumen Technologies (-25%) and followed by solar energy company Enphase Energy (-23%), specialty healthcare provider Baxter International (-20%), energy company APA Corp (-18%) and pharmaceutical and healthcare giant Pfizer (-15%).\n\nThe decline of Pfizer, by far the worst-performing stock of 2023 with a market capitalization over $100 billion, comes after the company [said](https://www.forbes.com/sites/dereksaul/2023/01/31/pfizer-expects-covid-vaccine-and-pill-revenues-will-fall-60-in-2023/?sh=7c9241f37bee) it expected sales for its Covid-19 vaccine and oral treatment will slip 60% in 2023, and headline an onslaught for several big pharmaceutical companies, with peers Johnson & Johnson and Eli Lilly down 9% and 10%, respectively, year-to-date.\n\n \n\nKEY BACKGROUND\n\nThe S&P 500 is up 6.7% year-to-date after slipping 18% in 2022, its worst annual performance since 2008. The slump closely tracked the Federal Reserve hiking interest rates from around 0% to over 4% in an effort to slow inflation. In addition to Meta, other mega-cap tech stocks are up dramatically this year, with each of Alphabet, Amazon, Apple and Microsoft up 6% or more.\n\n## TANGENT\n\nAlso gaining thus far in 2023 is bitcoin, up almost 50% year-to-date at about $25,000, an eight-month high. Oanda analyst Craig Erlam warned Monday that investors must be wary of the latest rally for the cryptocurrency, explaining: “We've all seen what happens when enthusiasm and euphoria exist in cryptos,” referring to bitcoin’s dramatic 75% nosedive between November 2021 and November 2022.\n\n## SURPRISING FACT\n\nU.S. military contractor Northrop Grumman is the sixth-worst performing S&P constituent year-to-date, [despite](https://www.forbes.com/sites/dereksaul/2023/02/15/chinese-spy-balloon-graphic-reminder-of-geopolitical-market-risks-heres-what-it-means-for-stocks/?sh=afd798e78889) a recent rally for it and other defense stocks as geopolitical tensions stewed.\n\n## BIG NUMBER\n\n$61.3 billion. That’s how much Musk has tacked onto his fortune so far this year during Tesla’s rally, roughly the size of Meta CEO Mark Zuckerberg’s total fortune. Musk, who lost his position as the world’s wealthiest person in December, is $15 billion away from reclaiming the title from LVMH chairman Bernard Arnault.\n\n##", 'https://www.reddit.com/r/stocks/comments/117wl8c/these_are_the_best_and_worst_performing_stocks_of/', '117wl8c', [['u/KingTut747', 31, '2023-02-21 12:34', 'https://www.reddit.com/r/stocks/comments/117wl8c/these_are_the_best_and_worst_performing_stocks_of/j9eqge6/', 'So stupid when people say ‘Musk lost money today’ or ‘Musk has made money today’ when his stock holdings change in price.\n\nJust a cheap headline intended for people who don’t know any better.', '117wl8c'], ['u/FarrisAT', 14, '2023-02-21 14:26', 'https://www.reddit.com/r/stocks/comments/117wl8c/these_are_the_best_and_worst_performing_stocks_of/j9f18wk/', 'This list just screams market confusion', '117wl8c']]], ['u/BinkBonkBank1234', 'What happens when the first major country adopts bitcoin as legal tender?', 11, '2023-02-21 10:58', 'https://www.reddit.com/r/Bitcoin/comments/117zubu/what_happens_when_the_first_major_country_adopts/', 'Assume after an election in May 2024 the new UK government adopts Bitcoin as a way to counter the disaster of Brexit. They keep the pound and add Bitcoin as a second currency. \n\nWhat happens to the price of Bitcoin?\nWhat happens to the value of sterling?\nWhat happens to the UK’s reputation?', 'https://www.reddit.com/r/Bitcoin/comments/117zubu/what_happens_when_the_first_major_country_adopts/', '117zubu', [['u/CunningCobra', 32, '2023-02-21 11:06', 'https://www.reddit.com/r/Bitcoin/comments/117zubu/what_happens_when_the_first_major_country_adopts/j9ek04r/', "Hopefully not much. What happens when the first major country abandons bitcoin as legal tender? Bitcoin doesn't need nation states, it needs people.", '117zubu'], ['u/clue5tick', 39, '2023-02-21 18:26', 'https://www.reddit.com/r/Bitcoin/comments/117zubu/what_happens_when_the_first_major_country_adopts/j9fzdik/', '"Major countries" *won\'t* adopt Bitcoin. Their people will.', '117zubu']]], ['u/dextracin', "[Winner's Thread #87] Hello there", 309, '2023-02-21 13:18', 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/', "Wow. In 2018 I joined reddit after a few weeks of lurking and since then i've been making dumb jokes, the occasional comment on society and I set up a subreddit.\n\nLast week i was in the supermarket looking at tubs of ben and jerry's ice cream and thinking, 'that's way too much for me to spend'. Fast forward to Monday morning and there's chat invites and a message saying i won the draw. It felt unreal so following the pop culture trope, i pinched myself. It wasn't a dream, I was awake, kid's got school I and had to get ready for work. \n\nThank you so much for this opportunity and it's not just the ice cream, I'm hoping i can get ahead on a couple bill payments and when my mum's current chemo cycle is up, I want to take her holiday somewhere nice for a few days.\n\nFive minutes to midnight when I'm writing this and it still feels unreal. I'm feeling grateful and happy in this unexpected moment. Thanks to u/lilfruini the mod who helped me with instructions. \n\n==========\n\nEverything listed should result in direct lines of payment to [/u/dextracin](https://www.reddit.com/u/dextracin). We ask all users to donate at least $1 USD. The Drawing is also listed for users who want to see the results and confirm the validity of the winner.\n\nDrawing: [https://www.reddit.com/r/millionairemakers/comments/116e3w1/draw\\_87/](https://www.reddit.com/r/millionairemakers/comments/116e3w1/draw_87/)\n\nPayPal: [https://www.paypal.me/icecreamnoodles](https://www.paypal.me/icecreamnoodles)\n\nBitcoin: bc1q5vwtmua3gtqkfnth87lqv3jhxuwl3k0rytkeug\n\nBitcoin Cash: bitcoincash:qz6jg3hc3lmhe8n8m8kttsecj5d7z63j4ccjfyumtw\n\nEthereum: 0xe07D692f1D91E0baA9F85B6e07cdB58ff0842260\n\nLitecoin: ltc1q8d9cytrrl2xmtszhahlkpd0hrcnlafuknkeu8j\n\nDogecoin: DUHAGAobwQnuVbgXyqyyva7tdnC8i9FGBi\n\nNano: nano\\_1dhyykh7qhh6hyocmcfqgqnwpzgdw3ze8ef8zift4ada571yd1od4oaccrda", 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/', '1182467', [['u/Suzette-Helene', 37, '2023-02-21 13:22', 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/j9eun0f/', "Enjoy the fancy ice cream! I don't know if you can get the limited edition with Tony Chocolony but it's amazing!", '1182467'], ['u/dare2smile', 14, '2023-02-21 13:24', 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/j9eurr7/', 'Sent a couple USD your way! Congrats on winning! 🎉🎉', '1182467'], ['u/dextracin', 11, '2023-02-21 13:29', 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/j9ev8h4/', 'Thanks, I’ll don’t remember the names but I’ll keep an eye out when I get groceries this weekend', '1182467'], ['u/Manphish', 10, '2023-02-21 13:31', 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/j9evfwv/', 'Sent via PayPal! Congrats!!', '1182467'], ['u/garethsk', 23, '2023-02-21 14:58', 'https://www.reddit.com/r/millionairemakers/comments/1182467/winners_thread_87_hello_there/j9f51g9/', 'Congratulations! $25 sent via PayPal.', '1182467']]], ['u/Recognition_534', 'STAY AWAY FROM SWISSBORG', 17, '2023-02-21 15:43', 'https://www.reddit.com/r/swissborg/comments/11850yg/stay_away_from_swissborg/', "They have thrown this clause at me:\n\n&#x200B;\n\n*39.1. The Company and/or SwissBorg Invest SA retains the right to, in its sole discretion, immediately terminate any User Account, prevent or restrict access to the Services or take any other action to restrict access to the App or Execution Interface.*\n\n&#x200B;\n\n....And they have now restricted my account. They are asking questions without any context like where the money came from, proof that i own the wallet the money went to (it's an electrum wallet so there's no way for me to prove the wallet belongs to me as they want a name)\n\n&#x200B;\n\nNow they have gone cold on the chat, and all my ETH is tied up on swissborg. \n\n&#x200B;\n\nThey won't even give me context, indication of what follow up information they need ... anything really... just a bunch of questions that I need to answer indefinitely and fingers crossed my money is withdrawal in the future. \n\n&#x200B;\n\nWorst part is, I've done nothing wrong, I just transferred a small amount of BTC into Electrum as I don't generally like keeping money on an Exchange. \n\n&#x200B;\n\nStay away from these cowboys. \n\n&#x200B;\n\nI hope this thread costs them some business as they have cost me a lot of time, effort and stress. Advice: use Binance - they do KYC etc but never do something like this - accepting my deposit and then locking my account. Honestly feels like I'm being blackmailed for information as they hold my money. \n\n&#x200B;\n\nUse Binance - these guys are cowboys.", 'https://www.reddit.com/r/swissborg/comments/11850yg/stay_away_from_swissborg/', '11850yg', [['u/gle42', 11, '2023-02-21 18:05', 'https://www.reddit.com/r/swissborg/comments/11850yg/stay_away_from_swissborg/j9fw04c/', "So you did something that looks like money laundering (deposit a large sum and send it to a unidentfied location) and are now asking why the bell rang?\nAnd then when they asked questions you refused to respond...\n\nSwissborg is a sserious company operating in a regulated space. Their questions and the fact that your funds are frozen until you can prove you are not using them to commit crime is absolutely normal. It's part of their regulatory requirements.", '11850yg']]], ['u/frsrudy', 'Did I miss it…', 14, '2023-02-21 16:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1185z68/did_i_miss_it/', 'So I’ve had a lump sum of cash that I’ve accumulated for the past year as crypto dropped. I was looking at pulling the trigger when Bitcoin was around 15k, but with the terrible macro economic conditions I decided against it. “There’s no way it could do anything but go a little bit lower,” I thought like the idiot I am. So I sat on my money and didn’t invest (you’re welcome for the pump). \n\nRealistically do you think I missed it? Is 20k the new 15k? There’s no way right? I mean the western countries are about to start WW3, debt has never been higher, etc… there’s no way….. right guys??? Right??', 'https://www.reddit.com/r/CryptoCurrency/comments/1185z68/did_i_miss_it/', '1185z68', [['u/krfc89', 44, '2023-02-21 16:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1185z68/did_i_miss_it/j9fhasg/', 'The best time to plant a tree was 20 years ago. The second best time is now.', '1185z68'], ['u/Raj_UK', 10, '2023-02-21 16:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1185z68/did_i_miss_it/j9fhs5l/', 'Have you considered DCA - Dollar Cost Averaging ?\n\nIt takes the emotion out of buying crypto\n\nAt least it did for me\n\nGood luck however you decide to on ramp your fiat', '1185z68'], ['u/Internet_Responsible', 11, '2023-02-21 16:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1185z68/did_i_miss_it/j9fi0xe/', "You've got to think more long term. The difference between 15k and 20k is nothing if you think BTC can hit 100k at some point", '1185z68']]], ['u/mortuusmare', 'Why banks are blocking your crypto purchase', 189, '2023-02-21 17:41', 'https://www.reddit.com/r/CryptoCurrency/comments/118964u/why_banks_are_blocking_your_crypto_purchase/', "Over the last week or so I’ve seen a few comments about banks blocking cryptocurrency purchases. I understand the animosity many of you hold towards banks due to their handling of cryptocurrency purchases but I thought it might be interesting to some of you to get an insight into the perspective of those who work there, at least at the mid to lower level.\n\nUntil recently I worked in a financial crime team for a nationwide bank and it was one of the more crypto-neutral banks. The role comprised of supporting victims of fraud, securing their accounts, investigating fraud cases and of course tracing and recovering stolen funds where possible. I had been involved in crypto for several years when I joined the team but chose to keep this to myself as it seemed that the general consensus in my team and the fraud department as a whole was that crypto was a giant ponzi scheme full of scammers, which to be fair, isn’t entirely untrue.\n\n&#x200B;\n\nThe two below cases have stayed with me for different reasons. Imagine working at a bank and dealing with the below customers:\n\n&#x200B;\n\n* A young man called up as he had joined a telegram group to seek “crypto investment advice”. He had paid $1000 in crypto for “exclusive technical analysis”. Reading between the lines it seemed that he had joined a paid signals group but was trying to conceal it. He told me he had fell afoul of the mods and was banned. He asked if we could get his money back. I had to explain that his crypto transaction was irreversible, which he knew. He then asked if we could submit a chargeback against the crypto exchange that he had bought the crypto from before withdrawing. We could, but we’re not going to as the crypto exchange is not at fault. They left an unhappy customer and eventually ended up closing their account.\n* There was a case of a middle-aged man who had deposited in excess of $100k in BTC over the span of two weeks to a niche crypto exchange which specialized in a dogecoin knock-off. He had been approached online by an ‘investment analyst’ who shared the unique opportunity of getting in early on the next memecoin. He started with small amounts to play it safe. However, every time he logged onto the exchange he was up another several thousand dollars. So, he kept on depositing more and more. After two weeks he decided to sell a portion of his profits. Of course, he couldn’t withdraw. First, he needed to provide ID. Then proof of address. Then he needed to provide source of funds. His evidence of source of funds were deemed insufficient by the exchanges AML team and he was subsequently locked out of his account. A day after he called us the site became defunct. The website was registered offshore. We couldn’t help him other than provide a sympathetic ear. Fortunately, he told me he owned his own business and that’s why he had the excess money to invest. So to him, the loss wasn’t life-ending but he was certainly distraught by the experience. He was more understanding of our inability to recover the funds but was still upset we didn't call him and question him about large bank transfers to the legit crypto exchange as we may have made him realize he was getting scammed and he may have not sent as much money.\n\nYou may have noticed that the above cases were victims who were somewhat experienced in crypto, in that they at least knew how to withdraw crypto from an exchange. However, by far the most prevalent crypto scam (well in excess of 95% of crypto-related cases) were the bitcoin pop-up adverts. It was overwhelmingly the older generation who fell for this scam. In one case, an elderly victim referred to Bitcoin as “bitcorn” throughout the entire twenty-minute phone call. If you’ve ever disabled your adblocker, you’re probably aware of these pop-up ads like the one below:\n\n[How everyone can become a millionaire..](https://preview.redd.it/ww9jhtzwfkja1.jpg?width=758&format=pjpg&auto=webp&v=enabled&s=39830c4227dd60b108b4be4e7c496f25d57f654f)\n\nThey’d click the advert, enter their personal details and in an hour or so later they would receive a phone call from a ‘broker’. The broker would sell them the investment and explain that it doesn’t matter how inexperienced they are as they would manage it all for them. They would just need them to send over their identity documentation to get started: passport, driving licence, bank statements and so on. Sometimes, they’d even ask for a photo of the victim holding their passport with a sheet of paper with the date written on. The scammer would then open an account on a crypto exchange under their identity and then walk the victim through on how to send a bank transfer over to the exchange with the account reference. It was typically a matter of weeks of the ‘broker’ continuously pressuring the victim to deposit more and more money until they realized they were being scammed. The vast majority of the time we were not able to recover the funds from the crypto exchanges as the scammer had already withdrawn the crypto and understandably, the exchan...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin can\'t seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here\'s why. Insights: Some of crypto\'s China narrative is old, some of it is new. Is the market treating this irrationally? Prices $30,000 is Bitcoin\'s Next Important Milestone CoinDesk Market Index (CMI) 1,130 −6.2 ▼ 0.5% Bitcoin (BTC) $24,405 −404.6 ▼ 1.6% Ethereum (ETH) $1,661 −39.3 ▼ 2.3% S&P 500 3,997.34 −81.8 ▼ 2.0% Gold $1,845 +4.8 ▲ 0.3% Nikkei 225 27,473.10 −58.8 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is lingering around $24,400 as Asia begins its business day, down 1.6% in the last 24 hours. Ether has also experienced a slight correction too, down 2.3% to $1,661. Some of the "China coins" that surged over the last week are also seeing a slight correction. Conflux (CFX), which is up a staggering 485% during the last week, is down 4.7% on the day. Gareth Soloway, chief market strategist at Verified Investing, says the China narrative continues to be what’s attracting new bitcoin buyers. “The big question is, in spite of interest rates going up and the dollar gaining strength, is there a catalyst that can push it over [$25,000]?” he said during an interview on CoinDesk TV. “I think this narrative out of Hong Kong could be something that helps.” Soloway points to the 200-weekly moving average as being $25,000, which creates a strong resistance level with some headwinds. “If we can punch through $25,000 and get above that level, it’s a straight shot to $30,000,” he said. That figure is important because in 2021, he says, $30,000 was the midpoint low for the year. Prices came down from an April 2021 high of $60,000 to $30,000 at the end of July before rallying back to around $69,000 in November. “If we can retrace and get back above $30K, that would solidify that the lows are in for crypto,” he said. “I still think that there are some nervous issues out there the market has to resolve, but $30K being recaptured would put that to rest.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +2.4% Smart Contract Platform Stellar XLM +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −5.4% Smart Contract Platform Decentraland MANA −4.6% Entertainment Gala GALA −4.5% Entertainment Insights Any token that’s China-related is currently off to the moon. Conflux (CFX) has risen 467% during the last week, according to CoinGecko data , while NEO is up 51% and filecoin (FIL) is up 60%. The "China narrative" has been used to sell the next bull market. But what exactly is this narrative? Some of it is new, some of it is old. And some of it is more hype than substance. Hong Kong and retail crypto traders Hong Kong’s Securities and Futures Commission (SFC) is starting a consultation process for licensing crypto exchanges to serve retail investors . The SFC spent the last few years working on a consultation plan for Professional (accredited) investors, which goes live on June 1 . Stablecoins are also set to be regulated in the city, and it\'s likely that they will be using locally incorporated institutions and trusts. CoinDesk has asked Tether, Circle and Paxos if they would be interested in applying to be regulated under Hong Kong’s proposed stablecoin regime – so far none have responded. Don’t expect super-leveraged crypto degeneracy when this launches. Regulators are talking about things like "approved tokens" and "risk profile." This is likely going to be a controlled, calm walled garden of crypto. Crypto is already widely available in China Officials from China’s Liaison Office are apparently interested in Hong Kong’s progress with crypto, and have been reportedly stopping by conferences and meetups in the City. Some say that this is a blessing. China can study Hong Kong’s approach to crypto much like it learned from Hong Kong about open markets. Still, there is no shortage of crypto available in China, through domestic payment rails. (OKX) (Binance) Both OKX and Binance offer active over-the-counter crypto markets for USDT, ether, bitcoin and other major cryptos. Payment is done via WeChat or a domestic bank transfer. Anyone who wants crypto in China already has it. Conflux and blockchain SIMs Part of Conflux’s sharp rise has been attributed to its announcement that it is working with China Telecom to build blockchain-based SIM cards , complete with all the Web3 terminology to get people excited like metaverse and proof of work. But Blockchain SIM cards aren’t anything new. This isn’t China Telecom’s first attempt at it. Back in 2018, China’s telecoms started to explore blockchain technology. In 2019, China Telecom began pitching the idea of a blockchain SIM with the buzzwords of the day: internet of value, internet of things, 5G. A deck advertising the technology from 2020 talked about how digital ledgers could help carriers reconcile billings. A spokesperson for China Telecom didn’t respond to a request for more technical details by press time. Around the same time, Verizon won a patent for a blockchain-based SIM card it was calling vSIM. Verizon’s exact approach didn’t win out, and what it was describing has become eSIMs . It’s also important to remember the Conflux operating within China isn’t the same Conflux you access with the CFX token. The version of Conflux that has been funded by various provincial governments in China, such as Hunan and Shanghai’s city government, doesn’t have a token and uses a made-in-China encryption protocol. The same team is behind it, and the tech is mostly the same, but China’s version of the chain doesn’t touch the global version. Tony Ling, a China-based partner at Bizantine Capital, calls Conflux a “one country, two systems” blockchain, noting that its chain and performance is strong but development has been restricted due to compliance with domestic policy. “It has no [cryptocurrency] in China, it may be somewhat different from traditional public chains,” he said. “Conflux is the only public chain recognized by the government in China.” What’s old is new again Finding the catalyst for China’s crypto boom is tough. Hong Kong allowing retail crypto is a long way off. Authorities there are only in the consultation stage, and even when it launches it\'s going to be a controlled environment. That said, crypto is already widely available in China, albeit through gray channels like OTC desks. But it’s as simple as using a virtual private network to access Binance or OKX then completing a transaction with WeChat Pay. Conflux has been around for a while. Blockchain SIMs aren’t a new idea and haven’t yet taken off. Maybe it’s just the economy? China’s "home team" tokens are rising because the stock market is up. Craig Erlam, a senior market analyst at Oanda, outlined this thesis in an earlier interview with CoinDesk. “The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.” The Hang Seng Index is up 4% in the last six months as the market looks forward to China’s post-COVID-19 reopening and domestic consumption coming back. Time to see how strong the correlation with crypto is. Important events 9:00 a.m. HKT/SGT(1:00 UTC) New Zealand Monetary Policy Statement 3:00 p.m. HKT/SGT(7:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/Jan) 6:00 p.m. HKT/SGT(10:00 UTC) United States Federal Open Markets Committee Minutes CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BNB-Bitcoin Ratio Falls to Lowest Level Since August; Custodia Bank CEO on State of Crypto Regulation BNB, the native token of the Binance-initiated blockchain network BNB Chain, is losing ground against bitcoin (BTC) in the wake of regulatory action against Binance-branded dollar-pegged stablecoin BUSD. Bitwise Asset Management President Teddy Fusaro shared his analysis. Plus, Custodia Bank founder and CEO Caitlin Long discussed the state of U.S. crypto regulation. And, Tribe Capital managing partner Boris Revsin explained how venture capital firms are investing in the wake of FTX. Headlines Crypto Markets Analysis - Bitcoin Breaches Rare ‘Golden Cross’ Threshold : The crossing of bitcoin’s 50- and 200-day moving averages has historically been a bullish indicator. Coinbase Q4 Revenue and Earnings Beat Expectations, but Transaction Volume Falls 12% From Q3 : The crypto exchange reported its fourth-quarter earnings on Tuesday after the close. What Are VCs Funding After FTX? More Decentralized Infrastructure : Infrastructure projects and regulatory-resistant protocols have attracted cautious investors. Polygon Labs Cuts 20% Workforce, Almost 100 Jobs : The firm said that the job cuts are part of its consolidation earlier this year. CoinShares Sees 2022 Income Plunge 97% to $3.6M : CoinShares said it had GBP 26 million of its assets on FTX at the time the exchange halted withdrawals.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin can\'t seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here\'s why.\nInsights: Some of crypto\'s China narrative is old, some of it is new. Is the market treating this irrationally?\n$30,000 is Bitcoin\'s Next Important Milestone\nCoinDesk Market Index (CMI)\n1,130\n−6.2▼0.5%\nBitcoin (BTC)\n$24,405\n−404.6▼1.6%\nEthereum (ETH)\n$1,661\n−39.3▼2.3%\nS&P 500\n3,997.34\n−81.8▼2.0%\nGold\n$1,845\n+4.8▲0.3%\nNikkei 225\n27,473.10\n−58.8▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin is lingering around $24,400 as Asia begins its business day, down 1.6% in the last 24 hours. Ether has also experienced a slight correction too, down 2.3% to $1,661.\nSome of the "China coins" that surged over the last week are also seeing a slight correction. Conflux (CFX), which is up a staggering 485% during the last week, is down 4.7% on the day.\nGareth Soloway, chief market strategist at Verified Investing, says the China narrative continues to be what’s attracting new bitcoin buyers.\n“The big question is, in spite of interest rates going up and the dollar gaining strength, is there a catalyst that can push it over [$25,000]?” he said during an interview on CoinDesk TV. “I think this narrative out of Hong Kong could be something that helps.”\nSoloway points to the 200-weekly moving average as being $25,000, which creates a strong resistance level with some headwinds.\n“If we can punch through $25,000 and get above that level, it’s a straight shot to $30,000,” he said.\nThat figure is important because in 2021, he says, $30,000 was the midpoint low for the year. Prices came down from an April 2021 high of $60,000 to $30,000 at the end of July before rallying back to around $69,000 in November.\n“If we can retrace and get back above $30K, that would solidify that the lows are in for crypto,” he said. “I still think that there are some nervous issues out there the market has to resolve, but $30K being recaptured would put that to rest.”\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+0.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22125.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.6%", "DACS Sector": "Entertainment"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.5%", "DACS Sector": "Entertainment"}]\nAny token that’s China-related is currently off to the moon.\nConflux (CFX) has risen 467% during the last week,according to CoinGecko data, while NEO is up 51% and filecoin (FIL) is up 60%.\nThe "China narrative" has been used to sell the next bull market.\nBut what exactly is this narrative?\nSome of it is new, some of it is old. And some of it is more hype than substance.\nHong Kong and retail crypto traders\nHong Kong’s Securities and Futures Commission (SFC) is starting a consultation process for licensing crypto exchangesto serve retail investors. The SFC spent the last few years working on a consultation plan for Professional (accredited) investors, whichgoes live on June 1.\nStablecoinsare also set to be regulatedin the city, and it\'s likely that they will be using locally incorporated institutions and trusts.\nCoinDesk has asked Tether, Circle and Paxos if they would be interested in applying to be regulated under Hong Kong’s proposed stablecoin regime – so far none have responded.\nDon’t expect super-leveraged crypto degeneracy when this launches. Regulators are talking about things like "approved tokens" and "risk profile." This is likely going to be a controlled, calm walled garden of crypto.\nCrypto is already widely available in China\nOfficials from China’s Liaison Office are apparently interested in Hong Kong’s progress with crypto, and havebeen reportedly stoppingby conferences and meetups in the City.\nSome say that this is a blessing. China can study Hong Kong’s approach to crypto much like it learned from Hong Kong about open markets.\nStill, there is no shortage of crypto available in China, through domestic payment rails.\nBoth OKX and Binance offer active over-the-counter crypto markets for USDT, ether, bitcoin and other major cryptos. Payment is done via WeChat or a domestic bank transfer.\nAnyone who wants crypto in China already has it.\nConflux and blockchain SIMs\nPart of Conflux’s sharp rise has been attributed to its announcement that it is working with China Telecom to buildblockchain-based SIM cards, complete with all the Web3 terminology to get people excited like metaverse and proof of work.\nBut Blockchain SIM cards aren’t anything new. This isn’t China Telecom’s first attempt at it.\nBack in 2018, China’s telecoms started to explore blockchain technology. In 2019, China Telecombegan pitching the ideaof a blockchain SIM with the buzzwords of the day: internet of value, internet of things, 5G. Adeck advertising the technology from 2020talked about how digital ledgers could help carriers reconcile billings.\nA spokesperson for China Telecom didn’t respond to a request for more technical details by press time.\nAround the same time,Verizon won a patentfor a blockchain-based SIM card it was calling vSIM. Verizon’s exact approach didn’t win out, and what it was describinghas become eSIMs.\nIt’s also important to remember the Conflux operating within China isn’t the same Conflux you access with the CFX token.\nThe version of Confluxthat has been funded by various provincial governments in China, such as Hunan and Shanghai’s city government, doesn’t have a token and uses a made-in-China encryption protocol. The same team is behind it, and the tech is mostly the same, but China’s version of the chain doesn’t touch the global version.\nTony Ling, a China-based partner at Bizantine Capital, calls Conflux a “one country, two systems” blockchain, noting that its chain and performance is strong but development has been restricted due to compliance with domestic policy.\n“It has no [cryptocurrency] in China, it may be somewhat different from traditional public chains,” he said. “Conflux is the only public chain recognized by the government in China.”\nWhat’s old is new again\nFinding the catalyst for China’s crypto boom is tough.\nHong Kong allowing retail crypto is a long way off. Authorities there are only in the consultation stage, and even when it launches it\'s going to be a controlled environment.\nThat said, crypto is already widely available in China, albeit through gray channels like OTC desks. But it’s as simple as using a virtual private network to access Binance or OKX then completing a transaction with WeChat Pay.\nConflux has been around for a while. Blockchain SIMs aren’t a new idea and haven’t yet taken off.\nMaybe it’s just the economy? China’s "home team" tokens are rising because the stock market is up.\nCraig Erlam, a senior market analyst at Oanda, outlined this thesis in an earlier interview with CoinDesk.\n“The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.”\nThe Hang Seng Index is up 4% in the last six months as the market looks forward to China’s post-COVID-19 reopening and domestic consumption coming back.\nTime to see how strong the correlation with crypto is.\n9:00 a.m. HKT/SGT(1:00 UTC)New Zealand Monetary Policy Statement\n3:00 p.m. HKT/SGT(7:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/Jan)\n6:00 p.m. HKT/SGT(10:00 UTC)United States Federal Open Markets Committee Minutes\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBNB-Bitcoin Ratio Falls to Lowest Level Since August; Custodia Bank CEO on State of Crypto Regulation\nBNB, the native token of the Binance-initiated blockchain network BNB Chain, is losing ground against bitcoin (BTC) in the wake of regulatory action against Binance-branded dollar-pegged stablecoin BUSD. Bitwise Asset Management President Teddy Fusaro shared his analysis. Plus, Custodia Bank founder and CEO Caitlin Long discussed the state of U.S. crypto regulation. And, Tribe Capital managing partner Boris Revsin explained how venture capital firms are investing in the wake of FTX.\nCrypto Markets Analysis - Bitcoin Breaches Rare ‘Golden Cross’ Threshold:The crossing of bitcoin’s 50- and 200-day moving averages has historically been a bullish indicator.\nCoinbase Q4 Revenue and Earnings Beat Expectations, but Transaction Volume Falls 12% From Q3:The crypto exchange reported its fourth-quarter earnings on Tuesday after the close.\nWhat Are VCs Funding After FTX? More Decentralized Infrastructure:Infrastructure projects and regulatory-resistant protocols have attracted cautious investors.\nPolygon Labs Cuts 20% Workforce, Almost 100 Jobs:The firm said that the job cuts are part of its consolidation earlier this year.\nCoinShares Sees 2022 Income Plunge 97% to $3.6M:CoinShares said it had GBP 26 million of its assets on FTX at the time the exchange halted withdrawals.', 'Bitcoin and Ether fell in Wednesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon saw the biggest drop, while BNB dropped the least. A series of economic data in the U.S. released on Tuesday, including earnings reports from retail giants and the rising rate of some Treasury bills, weighed down on equity markets.\nSee related article:Bitcoin exceeds 154,000 inscriptions in a month as Litecoin Ordinals launches\n• Bitcoin fell 1.6% in the last 24 hours to trade at US$24,442 as of 8 a.m. in Hong Kong, though it was still up 10% over the past week,according to CoinMarketCap. Ethereum fell 2.6% to US$1,658, rising 6.5% over the past seven days.\n• Polygon lost 6.1% to US$1.39, though it still booked 10% gains over the past seven days. BNB fell 1.2% to US$311.48, but was still up 5.2% for the week.\n• The total crypto market capitalization dropped 1.8% to US$1.11 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 3.3% to US$66.70 billion.\n• U.S. equities closed lower on Tuesday, which was the first trading day of the week, as markets closed on Monday for President’s Day. The Dow Jones Industrial Average fell 2.1%, the S&P 500 Index dropped 2% and the Nasdaq Composite Index finished the day down 2.5%.\n• The three key indicesposted the biggest single-day losses since Dec. 15 as the S&P 500 cut its year-to-date gains in half while the Dow Jones wiped out almost all of its 2023 gains.\n• The two-year Treasury note yield rose to 4.7% on Tuesday, the highest level since 2007, while the 10-year Treasury yield climbed to 3.9%. Elevated levels in Treasury bond yields represent a larger upside risk for yields, placing downward pressure on equities.\n• The U.S. Federal Reserve will release the minutes from its Jan. 31 to Feb. 1 policy meeting on Wednesday, which investors will look to for hints on how the central bank may act to tackle inflation.\n• Retail giants Walmart Inc. and Home Depot Inc., released their holiday season earnings reports on Tuesday. Walmart’s revenuerose7.3% to US$164 billion from the previous year, whileHome Depot fell shortof expectations, reporting US$35 billion in Q4 revenue. Both companies projected a challenging quarter ahead due to headwinds from supply chain shortages and ongoing inflation in the economy.\n• Economicdata released on Tuesdaysuggested that business activity in the U.S. is expanding. The S&P Global services purchasing managers index (PMI) rose to an 8-month high of 50.5 in February, up from 46.8 in the previous month, while the manufacturing PMI rose to a four-month high of 47.8 from 46.9.\n• The Fed raised interest rates to the range of 4.5%-4.75% on Feb.1 to fight the inflation, the highest level since October 2007, with the latest Consumer Price Index data up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November.\n• Analysts at theCME Group predicta roughly 75% chance that the Fed will raise rates by another 25 basis points next month.\nSee related article:FTX Japan resumes withdrawals through Liquid Japan web platform', 'Bitcoin and Ether fell in Wednesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon saw the biggest drop, while BNB dropped the least. A series of economic data in the U.S. released on Tuesday, including earnings reports from retail giants and the rising rate of some Treasury bills, weighed down on equity markets. See related article: Bitcoin exceeds 154,000 inscriptions in a month as Litecoin Ordinals launches Fast facts Bitcoin fell 1.6% in the last 24 hours to trade at US$24,442 as of 8 a.m. in Hong Kong, though it was still up 10% over the past week, according to CoinMarketCap . Ethereum fell 2.6% to US$1,658, rising 6.5% over the past seven days. Polygon lost 6.1% to US$1.39, though it still booked 10% gains over the past seven days. BNB fell 1.2% to US$311.48, but was still up 5.2% for the week. The total crypto market capitalization dropped 1.8% to US$1.11 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 3.3% to US$66.70 billion. U.S. equities closed lower on Tuesday, which was the first trading day of the week, as markets closed on Monday for President’s Day. The Dow Jones Industrial Average fell 2.1%, the S&P 500 Index dropped 2% and the Nasdaq Composite Index finished the day down 2.5%. The three key indices posted the biggest single-day losses since Dec. 15 as the S&P 500 cut its year-to-date gains in half while the Dow Jones wiped out almost all of its 2023 gains. The two-year Treasury note yield rose to 4.7% on Tuesday, the highest level since 2007, while the 10-year Treasury yield climbed to 3.9%. Elevated levels in Treasury bond yields represent a larger upside risk for yields, placing downward pressure on equities. The U.S. Federal Reserve will release the minutes from its Jan. 31 to Feb. 1 policy meeting on Wednesday, which investors will look to for hints on how the central bank may act to tackle inflation. Retail giants Walmart Inc. and Home Depot Inc., released their holiday season earnings reports on Tuesday. Walmart’s revenue rose 7.3% to US$164 billion from the previous year, while Home Depot fell short of expectations, reporting US$35 billion in Q4 revenue. Both companies projected a challenging quarter ahead due to headwinds from supply chain shortages and ongoing inflation in the economy. Economic data released on Tuesday suggested that business activity in the U.S. is expanding. The S&P Global services purchasing managers index (PMI) rose to an 8-month high of 50.5 in February, up from 46.8 in the previous month, while the manufacturing PMI rose to a four-month high of 47.8 from 46.9. The Fed raised interest rates to the range of 4.5%-4.75% on Feb.1 to fight the inflation, the highest level since October 2007, with the latest Consumer Price Index data up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November. Analysts at the CME Group predict a roughly 75% chance that the Fed will raise rates by another 25 basis points next month. See related article: FTX Japan resumes withdrawals through Liquid Japan web platform', 'Bitcoin and Ether fell in Wednesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon saw the biggest drop, while BNB dropped the least. A series of economic data in the U.S. released on Tuesday, including earnings reports from retail giants and the rising rate of some Treasury bills, weighed down on equity markets.\nSee related article:Bitcoin exceeds 154,000 inscriptions in a month as Litecoin Ordinals launches\n• Bitcoin fell 1.6% in the last 24 hours to trade at US$24,442 as of 8 a.m. in Hong Kong, though it was still up 10% over the past week,according to CoinMarketCap. Ethereum fell 2.6% to US$1,658, rising 6.5% over the past seven days.\n• Polygon lost 6.1% to US$1.39, though it still booked 10% gains over the past seven days. BNB fell 1.2% to US$311.48, but was still up 5.2% for the week.\n• The total crypto market capitalization dropped 1.8% to US$1.11 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 3.3% to US$66.70 billion.\n• U.S. equities closed lower on Tuesday, which was the first trading day of the week, as markets closed on Monday for President’s Day. The Dow Jones Industrial Average fell 2.1%, the S&P 500 Index dropped 2% and the Nasdaq Composite Index finished the day down 2.5%.\n• The three key indicesposted the biggest single-day losses since Dec. 15 as the S&P 500 cut its year-to-date gains in half while the Dow Jones wiped out almost all of its 2023 gains.\n• The two-year Treasury note yield rose to 4.7% on Tuesday, the highest level since 2007, while the 10-year Treasury yield climbed to 3.9%. Elevated levels in Treasury bond yields represent a larger upside risk for yields, placing downward pressure on equities.\n• The U.S. Federal Reserve will release the minutes from its Jan. 31 to Feb. 1 policy meeting on Wednesday, which investors will look to for hints on how the central bank may act to tackle inflation.\n• Retail giants Walmart Inc. and Home Depot Inc., released their holiday season earnings reports on Tuesday. Walmart’s revenuerose7.3% to US$164 billion from the previous year, whileHome Depot fell shortof expectations, reporting US$35 billion in Q4 revenue. Both companies projected a challenging quarter ahead due to headwinds from supply chain shortages and ongoing inflation in the economy.\n• Economicdata released on Tuesdaysuggested that business activity in the U.S. is expanding. The S&P Global services purchasing managers index (PMI) rose to an 8-month high of 50.5 in February, up from 46.8 in the previous month, while the manufacturing PMI rose to a four-month high of 47.8 from 46.9.\n• The Fed raised interest rates to the range of 4.5%-4.75% on Feb.1 to fight the inflation, the highest level since October 2007, with the latest Consumer Price Index data up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November.\n• Analysts at theCME Group predicta roughly 75% chance that the Fed will raise rates by another 25 basis points next month.\nSee related article:FTX Japan resumes withdrawals through Liquid Japan web platform', "The crypto and tech labor markets are in a strange place right now—but not in the same way. If you listen to Federal Reserve Chair Jerome Powell, you’d think the labor market was thriving across the board. In an interview at the Economic Club of Washington, D.C. earlier this month, he said, “The labor market is extraordinarily strong.” At a glance, U.S. federal data appears to back that up. The Department of Labor said that total payroll employment, not including agricultural workers, is up by 517,000 in January . Overall, unemployment rates remained steady at 3.4%, continuing their slow decline since October of 2022. Hospitality, government employment, healthcare, and construction are among the industries seeing job growth. But the numbers and headlines from the crypto and tech industries paint a very different picture. In January alone, crypto layoffs already affected 2,806 employees, according to CoinGecko data . That’s a big number considering that 6,820 crypto workers lost their jobs in all of 2022. Put another way, in just one month, crypto layoffs in 2023 reached 41% of the total layoffs in 2022. Huobi , Crypto.com , Coinbase , Gemini, Genesis , and Wyre are among the crypto companies that made big cuts last month, with Magic Eden , Polygon , Chainalysis, and Bittrex laying off staff in February. “Quiet” Layoffs Trending But Denise Carlin , Head of People at Web3 startup MPCH Labs, told Decrypt in an interview that there are also some “quiet layoffs” happening right now. “People are trying to quietly lay off,” Carlin said of crypto firms, explaining that she has knowledge of two firms that laid off substantial percentages of staff—one saying goodbye to over 20% of its employees—without much press. Dan Eskow , Founder and Talent Partner at Web3 recruiting firm Up Top Talent, said he’s also seen incidents of crypto firms making “quiet” layoffs. “Yes—GSR immediately comes to mind,” Eskow told Decrypt , referring to the DeFi firm GSR Markets. Story continues Layoff Trigger Events Many crypto layoffs over the past year have occurred directly following unique, industry-shaking events, such as the Terra LUNA crash of May 2022 and the FTX bankruptcy filing of November 2022. But January’s layoffs don’t exactly have a clear, singular causal event. So what gives? Image: Coingecko The continued labor market tightening in the crypto space is the result of unrelenting industry concerns, including Genesis’s bankruptcy , Gemini shuttering its Earn program amid its battle with DCG, Kraken ending its staking offering, and increased regulatory pressure in the U.S. Crypto is also affected by the same macroeconomic conditions threatening big tech companies. Layoffs Hit Solana NFT Marketplace Magic Eden, Sheds 22 Employees While Google’s Web3 team was notably not impacted by CEO Sundar Pichai’s January decision to lay off 12,000 workers, entire software engineering teams and Google’s startup incubator team at Area 120 were among those laid off by the tech giant. According to a layoff tracker compiled by Airtable Software Engineer Steven Zhang and ex-Airtable engineer Chris Talley, much of Google’s layoffs of software engineers affected mid-level staff. Interestingly, that’s the experience level crypto often hires for. “In crypto, we definitely tend to skew toward mid level,” Carlin said, explaining that this is often because junior talent takes too long to train, and senior talent are rarely on the market. Image: warntracker.com Crypto vs. Big Tech As the crypto and traditional tech industries cope with ongoing waves of layoffs, is Web2 talent trying to make the jump to Web3? “We see plenty of engineers coming from the FAANG layoffs that are definitely interested in these roles,” Eskow said, referring to laid-off Meta, Amazon, and Google staff applying for crypto jobs. “But the reality is, it’s not a good time to make a pivot from web2 to web3. The crypto-native devs are going to take priority.” Because crypto requires specialized skills and coding languages not practiced in trad tech roles, Eskow believes that developers who already have crypto industry experience will take precedence—especially if they also have connections in Web3. “Comparing hiring in crypto to hiring in trad tech is not apples to apples,” Eskow said, adding that the crypto labor market is a very small community where one’s network carries immense weight. Crypto Exchanges Made up 84% of Job Cuts Last Month: CoinGecko Eskow speculated that the reason some laid-off trad tech workers are looking to explore crypto is in part because many crypto firms are smaller. “I think after experiencing layoffs at big tech companies, they are apprehensive about joining another large corporation, so [they] look to the crypto startups for a change of environment,” Eskow told Decrypt , who confirmed that he has received referrals and outreach from recent ex-Google veterans eager to get into crypto. But Carlin believes it’s a great time to move from Web2 to Web3. She argues that talent has a chance to get hired despite the competition because the Web3 talent pool is comparatively “very junior.” “The Web3 labor market differs from the larger tech space in the fact that the talent pool is very junior. More people are moving into the Web3 space every year,” Carlin said, adding that it’s difficult to poach the most experienced talent. That’s where headhunters come in. Web3 recruiting has relied on the practice of “headhunting” during boom times. “There’s a much larger dependency on headhunting in Web3 versus traditional big tech that would just be flooded with experienced applicants as with all these layoffs,” Carlin said. Impacts of Artificial Intelligence But now that the crypto market has cooled off, hungry venture capitalists in search of the next big thing in tech may be looking elsewhere—toward artificial intelligence (AI). Clarence Thomas , founder of crypto recruiting firm FinBlock Staffing, told Decrypt that he’s seen candidates lose out on job offers because venture capital that was initially pledged to a crypto firm went to an AI firm instead. “We very recently had a client we were working with—they were actually pledged about 5 million in funding for a crypto wallet. They needed a product manager. And we actually found them a unicorn for what they needed,” Thomas explained. “In the end, they did not get the funding that they were pledged. That funding actually went to the AI space.” “We’ve been seeing a lot of artificial intelligence has been taking the investment capital from crypto and blockchain, and that’s very much driving the hiring right now,” Thomas said. Who’s Firing—And Still Hiring—During the Bitcoin Bear Market Who is Hiring Eskow has seen ongoing demand for Web3 talent in the DeFi space. Other recruitment specialists like Thomas have had to partly pivot away from crypto hiring as he’s seen demand lessen in the bear market. In an effort to diversify, FinBlock has branched out into recruitment for the 5G communications industry. But Thomas said crypto-curious hedge funds are still hiring throughout the downturn. “We’ve seen a tremendous uptick recently for them hiring particularly sales roles,” Thomas said. “Since the new year in particular, in January and now February, that’s where we’ve seen the highest demand.” The Future of Crypto Labor The crypto labor market remains uncertain for 2023. “It's still being viewed as very volatile and high risk for new talent,” Carlin told Decrypt . She believes crypto company headcounts have returned to what they were two to three years ago—but now the industry also has to grapple with massive public trust issues. “The boom is over,” Georgetown Associate Professor Jim Angel , who teaches undergrad and MBA courses on market structure, global financial regulation, and fintech, told Decrypt via email. “Firms that overexpanded will continue to shed workers.” Professor Angel sees a tale of two crypto labor markets. One consists of traditional tech and financial firms—like a Google or a Mastercard—which seek to always remain in compliance with regulators while dipping their toes in crypto waters. The others are what Angel calls “wildcat firms,” which are less concerned with regulation and are instead pushing forward with crypto tech and innovation no matter the cost. “There are lots of similarities to tradfi and tech firms, but [crypto companies] tend to be looser and more fluid given the dynamic state of the industry,” Angel said. “In this way they are similar to startups where you have people willing to work for low wages in the hopes of hitting it big as the firm prospers. If the firm runs into difficulties, they jump to the next promising venture.” Second Layoff Round at Crypto.com Worse than June Cuts: Sources Jeffrey Pfeffer is a professor of organizational behavior at Stanford’s Graduate School of Business (GSB), the university where two of the school’s most prominent law professors have stopped teaching and are now supporting and housing their son, former FTX CEO Sam Bankman-Fried , who remains under house arrest until his trial in October. Pfeffer believes that some of the tech industry’s layoffs may be due to “copycat behavior.” “The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it,” Pfeffer said in a GSB news post in December. The professor acknowledged that some companies may have overhired, but argues that isn’t the real reason layoffs are happening because big companies like Meta are still generating revenue. But Pfeffer has a different view when it comes to crypto. “Crypto has a different problem—it is an industry based on vapor, hope, and B.S. for the most part,” Pfeffer told Decrypt via email. “Therefore, it is hard to know if it will actually survive.” In contrast, Angel has a more optimistic outlook. “The crypto labor market will follow cryptos in general,” Angel told Decrypt . “The flaky stuff that adds no value will fade away along with those jobs. The productive sides will grow and mature with a steady need for crypto-savvy employees with skills in tech, HR, accounting, marketing, customer service, and compliance just like other financial firms.”", "The crypto and tech labor markets are in a strange place right now—but not in the same way.\nIf you listen to Federal Reserve Chair Jerome Powell, you’d think the labor market was thriving across the board. In aninterviewat the Economic Club of Washington, D.C. earlier this month, he said, “The labor market is extraordinarily strong.”\nAt a glance, U.S. federal data appears to back that up. The Department of Labor said that total payroll employment, not including agricultural workers, is up by517,000 in January. Overall, unemployment rates remained steady at 3.4%, continuing their slow decline since October of 2022. Hospitality, government employment, healthcare, and construction are among the industries seeing job growth.\nBut the numbers and headlines from the crypto and tech industries paint a very different picture. In January alone, crypto layoffs already affected 2,806 employees, according to CoinGeckodata. That’s a big number considering that 6,820 crypto workers lost their jobs in all of 2022. Put another way, in just one month, crypto layoffs in 2023 reached 41% of the total layoffs in 2022.\nHuobi,Crypto.com,Coinbase, Gemini,Genesis, andWyreare among the crypto companies that made big cuts last month, withMagic Eden,Polygon, Chainalysis, and Bittrex laying off staff in February.\nButDenise Carlin, Head of People atWeb3startup MPCH Labs, toldDecryptin an interview that there are also some “quiet layoffs” happening right now.\n“People are trying toquietlylay off,” Carlin said of crypto firms, explaining that she has knowledge of two firms that laid off substantial percentages of staff—one saying goodbye to over 20% of its employees—without much press.\nDan Eskow, Founder and Talent Partner at Web3 recruiting firm Up Top Talent, said he’s also seen incidents of crypto firms making “quiet” layoffs.\n“Yes—GSR immediately comes to mind,” Eskow toldDecrypt, referring to theDeFifirm GSR Markets.\nMany crypto layoffs over the past year have occurred directly following unique, industry-shaking events, such as theTerra LUNA crashof May 2022 and theFTX bankruptcyfiling of November 2022.\nBut January’s layoffs don’t exactly have a clear, singular causal event. So what gives?\nThe continued labor market tightening in the crypto space is the result of unrelenting industry concerns, including Genesis’sbankruptcy, Geminishuttering its Earn programamid its battle with DCG, Krakenending its stakingoffering, and increasedregulatory pressurein the U.S. Crypto is also affected by the samemacroeconomic conditionsthreatening big tech companies.\nLayoffs Hit Solana NFT Marketplace Magic Eden, Sheds 22 Employees\nWhileGoogle’s Web3 teamwas notablynotimpacted by CEO Sundar Pichai’s January decision to lay off 12,000 workers, entiresoftware engineering teamsand Google’s startup incubatorteam at Area 120were among those laid off by the tech giant.\nAccording to alayoff trackercompiled by Airtable Software Engineer Steven Zhang and ex-Airtable engineer Chris Talley, much of Google’s layoffs of software engineers affected mid-level staff. Interestingly, that’s the experience level crypto often hires for.\n“In crypto, we definitely tend to skew toward mid level,” Carlin said, explaining that this is often because junior talent takes too long to train, and senior talent are rarely on the market.\nAs the crypto and traditional tech industries cope with ongoing waves of layoffs, is Web2 talent trying to make the jump to Web3?\n“We see plenty of engineers coming from the FAANG layoffs that are definitely interested in these roles,” Eskow said, referring to laid-off Meta, Amazon, and Google staff applying for crypto jobs. “But the reality is, it’s not a good time to make a pivot from web2 to web3. The crypto-native devs are going to take priority.”\nBecause crypto requires specialized skills and coding languages not practiced in trad tech roles, Eskow believes that developers who already have crypto industry experience will take precedence—especially if they also have connections in Web3.\n“Comparing hiring in crypto to hiring in trad tech is not apples to apples,” Eskow said, adding that the crypto labor market is a very small community where one’s network carries immense weight.\nCrypto Exchanges Made up 84% of Job Cuts Last Month: CoinGecko\nEskow speculated that the reason some laid-off trad tech workers are looking to explore crypto is in part because many crypto firms are smaller.\n“I think after experiencing layoffs at big tech companies, they are apprehensive about joining another large corporation, so [they] look to the crypto startups for a change of environment,” Eskow toldDecrypt, who confirmed that he has received referrals and outreach from recent ex-Google veterans eager to get into crypto.\nBut Carlin believes it’s a great time to move from Web2 to Web3. She argues that talent has a chance to get hired despite the competition because the Web3 talent pool is comparatively “very junior.”\n“The Web3 labor market differs from the larger tech space in the fact that the talent pool is very junior. More people are moving into the Web3 space every year,” Carlin said, adding that it’s difficult to poach the most experienced talent.\nThat’s where headhunters come in. Web3 recruiting has relied on the practice of “headhunting” during boom times.\n“There’s a much larger dependency on headhunting in Web3 versus traditional big tech that would just be flooded with experienced applicants as with all these layoffs,” Carlin said.\nBut now that the crypto market has cooled off, hungry venture capitalists in search of the next big thing in tech may be looking elsewhere—toward artificial intelligence (AI).\nClarence Thomas, founder of crypto recruiting firm FinBlock Staffing, toldDecryptthat he’s seen candidates lose out on job offers because venture capital that was initially pledged to a crypto firm went to an AI firm instead.\n“We very recently had a client we were working with—they were actually pledged about 5 million in funding for a crypto wallet. They needed a product manager. And we actually found them a unicorn for what they needed,” Thomas explained. “In the end, they did not get the funding that they were pledged. That funding actually went to the AI space.”\n“We’ve been seeing a lot of artificial intelligence has been taking the investment capital from crypto and blockchain, and that’s very much driving the hiring right now,” Thomas said.\nWho’s Firing—And Still Hiring—During the Bitcoin Bear Market\nEskow has seen ongoing demand for Web3 talent in the DeFi space. Other recruitment specialists like Thomas have had to partly pivot away from crypto hiring as he’s seen demand lessen in the bear market. In an effort to diversify, FinBlock has branched out into recruitment for the 5G communications industry.\nBut Thomas said crypto-curious hedge funds are still hiring throughout the downturn.\n“We’ve seen a tremendous uptick recently for them hiring particularly sales roles,” Thomas said. “Since the new year in particular, in January and now February, that’s where we’ve seen the highest demand.”\nThe crypto labor market remains uncertain for 2023.\n“It's still being viewed as very volatile and high risk for new talent,” Carlin toldDecrypt. She believes crypto company headcounts have returned to what they were two to three years ago—but now the industry also has to grapple with massive public trust issues.\n“The boom is over,” Georgetown AssociateProfessor Jim Angel, who teaches undergrad and MBA courses on market structure, global financial regulation, and fintech, toldDecryptvia email. “Firms that overexpanded will continue to shed workers.”\nProfessor Angel sees a tale of two crypto labor markets. One consists of traditional tech and financial firms—like a Google or a Mastercard—which seek to always remain in compliance with regulators while dipping their toes in crypto waters. The others are what Angel calls “wildcat firms,” which are less concerned with regulation and are instead pushing forward with crypto tech and innovation no matter the cost.\n“There are lots of similarities to tradfi and tech firms, but [crypto companies] tend to be looser and more fluid given the dynamic state of the industry,” Angel said. “In this way they are similar to startups where you have people willing to work for low wages in the hopes of hitting it big as the firm prospers. If the firm runs into difficulties, they jump to the next promising venture.”\nSecond Layoff Round at Crypto.com Worse than June Cuts: Sources\nJeffrey Pfeffer is a professor of organizational behavior at Stanford’s Graduate School of Business (GSB), the university where two of the school’s most prominent law professors havestopped teachingand are now supporting and housing their son, formerFTX CEO Sam Bankman-Fried, who remains under house arrest until his trial in October.\nPfeffer believes that some of the tech industry’s layoffs may be due to “copycat behavior.”\n“The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it,” Pfeffer said in aGSB news postin December. The professor acknowledged that some companies may have overhired, but argues that isn’t the real reason layoffs are happening because big companies like Meta are still generating revenue.\nBut Pfeffer has a different view when it comes to crypto.\n“Crypto has a different problem—it is an industry based on vapor, hope, and B.S. for the most part,” Pfeffer toldDecryptvia email. “Therefore, it is hard to know if it will actually survive.”\nIn contrast, Angel has a more optimistic outlook.\n“The crypto labor market will follow cryptos in general,” Angel toldDecrypt. “The flaky stuff that adds no value will fade away along with those jobs. The productive sides will grow and mature with a steady need for crypto-savvy employees with skills in tech, HR, accounting, marketing, customer service, and compliance just like other financial firms.”", 'Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterlyearnings reportpublished Tuesday, mainly due toEthereum’s Mergeand lower Bitcoin prices.\nSee related article:Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high\n• In the quarter that ended on Dec. 31, Hive booked a net loss of US$90 million, compared to a net income of US$51.2 million in the same period the year prior.\n• Hive said that this was the first quarter it didn’t mine Ether since last September’s Merge upgrade, when the network ditched the mining-based proof-of-work consensus mechanism and transitioned to a proof-of-stake model.\n• “Hive navigated this quarter by selling energy back to the grid, repurposing our GPUs to mine Bitcoin, and upgraded our fleet of ASICs to improve our overall efficiency,” Aydin Kilic, president and chief executive officer of Hive, said in the report.\n• Hive’s shares on the Nasdaq closed down 9.5% on Tuesday at US$3.05, a 67% drop from US$9.35 a year ago.\nSee related article:Bitcoin miner Greenidge Generation cuts NYDIG debt 78% to US$17 million', 'Vancouver-based cryptocurrency mining firm Hive Blockchain Technologies Ltd. reported bigger losses in its latest quarterly earnings report published Tuesday, mainly due to Ethereum’s Merge and lower Bitcoin prices.
**Last 60 Days of Bitcoin's Closing Prices:**
[16847.76, 16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-22
**Financial & Commodity Data:**
- Gold Closing Price: $1832.00
- Crude Oil Closing Price: $73.95
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $465,135,761,025
- Hash Rate: 272506528.65423405
- Transaction Count: 282319.0
- Unique Addresses: 660490.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, Feb. 13, 2023 (GLOBE NEWSWIRE) --GSR II Meteora Acquisition Corp.(NASDAQ: GSRM) (“GSRM”), a special purpose acquisition company, andLux Vending, LLC dba Bitcoin Depot®(“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, announced today that the proxy statement dated February 8, 2023 (the “Proxy Statement”) relating to GSRM’s Special Meeting of Stockholders (the “Special Meeting”) at which stockholders will be asked to, among other things, approve the previously announced proposed business combination (the “Business Combination”) with Bitcoin Depot is still under review by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, GSRM will not hold the Special Meeting until the SEC has completed its review process and will not solicit proxies until that time. Any proxies submitted prior to such completion will not be counted. GSRM expects to submit one or more supplements to the Proxy Statement, including one disclosing when the review process is complete.
About Bitcoin Depot
Bitcoin Depot was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into cryptocurrency, which users can deploy in the payments, spending and investing space. Users can convert cash to cryptocurrencies at Bitcoin Depot’s kiosks and at thousands of name-brand retail locations through BDCheckout. The company has the largest market share in North America with approximately 7,000 kiosk locations. Learn more atwww.bitcoindepot.com.
On August 24, 2022, Bitcoin Depot and GSR II Meteora Acquisition Corp. (“GSRM”), a special purpose acquisition corporation, entered into a definitive agreement for a business combination that would result in Bitcoin Depot becoming a public company listed on the Nasdaq under the ticker symbol “BTM.”
About GSR II Meteora Acquisition Corp.
GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) is blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Our management team is led by co-CEOs Gus Garcia and Lewis Silberman, President Anantha Ramamurti and CFO Joseph Tonnos. The company was formed in partnership with Meteora Capital, an investment adviser specializing in SPAC-related investments. For additional information, please visitwww.gsrmet.com.
Not an Offer
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics and expectations and timing related to potential benefits, terms and timing of the proposed business combination. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Bitcoin Depot’s and GSRM’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Bitcoin Depot and GSRM. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination or that the approval of the shareholders of GSRM or Bitcoin Depot is not obtained; failure to realize the anticipated benefits of the proposed business combination; risks relating to the uncertainty of the projected financial information with respect to Bitcoin Depot; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Bitcoin Depot’s ability to manage future growth; Bitcoin Depot’s ability to develop new products and services, bring them to market in a timely manner, and make enhancements to its platform; the effects of competition on Bitcoin Depot’s future business; the amount of redemption requests made by GSRM’s public shareholders; the ability of GSRM or the combined company to issue equity or equity-linked securities in connection with the proposed business combination or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in GSRM’s final initial public offering prospectus dated February 24, 2022, its most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and the definitive proxy statement dated February 8, 2023, in each case, under the heading “Risk Factors,” and other documents of GSRM filed, or to be filed, from time to time with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Bitcoin Depot nor GSRM presently know or that Bitcoin Depot and GSRM currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Bitcoin Depot’s and GSRM’s expectations, plans or forecasts of future events and views as of the date of this press release. Bitcoin Depot and GSRM anticipate that subsequent events and developments will cause Bitcoin Depot’s and GSRM’s assessments to change. However, while Bitcoin Depot and GSRM may elect to update these forward-looking statements at some point in the future, Bitcoin Depot and GSRM specifically disclaim any obligation to do so except as otherwise required by applicable law. These forward-looking statements should not be relied upon as representing Bitcoin Depot’s and GSRM’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information About the Proposed Business Combination and Where to Find It
The proposed business combination will be submitted to shareholders of GSRM for their consideration. Copies of the definitive proxy statement (a filing of which has been made with the SEC) were mailed to all GSRM shareholders of record as of February 3, 2023, the record date established for voting on the proposed business combination, beginning on February 8, 2023. GSRM plans to file other documents with the SEC and mail other relevant documents to its shareholders of record as of the record date regarding the proposed business combination. GSRM’s shareholders and other interested persons are advised to read the definitive proxy statement and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC, in connection with GSRM’s solicitation of proxies for its special meeting of shareholders to approve, among other things, the proposed business combination, because these documents will contain important information about GSRM, Bitcoin Depot and the proposed business combination. Shareholders may also obtain a copy of the definitive proxy statement, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by GSRM, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Cody Slach or Alex Kovtun, (949) 574-3860,[email protected].
Participants in the Solicitation
GSRM, Bitcoin Depot and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from GSRM’s shareholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation GSRM’s shareholders in connection with the proposed business combination is set forth in the definitive proxy statement that has been filed with the SEC. You can find more information about GSRM’s directors and executive officers in GSRM’s final initial public offering prospectus dated February 24, 2022 and filed with the SEC on February 28, 2022. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are included in the definitive proxy statement and other relevant materials filed with the SEC. Shareholders, potential investors and other interested persons should read the definitive proxy statement carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
Contacts:
InvestorsCody Slach, Alex KovtunGateway [email protected]
MediaZach Kadletz, Brenlyn Motlagh, Ryan DeloneyGateway [email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO , Feb. 22, 2023 /CNW/ - Evolve Funds Group Inc. (" Evolve " or the " Manager ")\xa0announces the appointment of Coinbase as sub custodian for all digital assets, effective February 22, 2023 . Evolve offers investors access to digital assets through the Bitcoin ETF, Ether ETF and Evolve Cryptocurrencies ETF which trade on the TSX under the ticker symbols, EBIT, ETHR and ETC, respectively. With combined assets over $148 million , these ETFs provide investors with exposure to the daily price movements of the U.S. dollar price of Bitcoin and Ether, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. No changes have been made to the investment objectives or strategies of these ETFs, as a result, of the sub custodian appointment. With over $100 billion in assets on platform, Coinbase has approximately 108 million verified users and 245,000 ecosystem partners in over 100 countries that securely invest, spend, save, earn, and use crypto . About Evolve Funds Group Inc. With over $5.2 billion in assets under management, Evolve is one of Canada\'s fastest growing ETF providers since launching its first ETF in September 2017.\xa0 Evolve specializes in bringing innovative ETFs to Canadian investors.\xa0 Evolve\'s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world\'s leading investment managers.\xa0 Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. \xa0For more information, please visit www.evolveetfs.com . Join us on social media: Twitter | LinkedIn | Facebook Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs. Please read the prospectus before investing. Story continues Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs Cision View original content: http://www.newswire.ca/en/releases/archive/February2023/22/c0820.html', 'TORONTO , Feb. 22, 2023 /CNW/ - Evolve Funds Group Inc. (" Evolve " or the " Manager ")\xa0announces the appointment of Coinbase as sub custodian for all digital assets, effective February 22, 2023 . Evolve offers investors access to digital assets through the Bitcoin ETF, Ether ETF and Evolve Cryptocurrencies ETF which trade on the TSX under the ticker symbols, EBIT, ETHR and ETC, respectively. With combined assets over $148 million , these ETFs provide investors with exposure to the daily price movements of the U.S. dollar price of Bitcoin and Ether, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. No changes have been made to the investment objectives or strategies of these ETFs, as a result, of the sub custodian appointment. With over $100 billion in assets on platform, Coinbase has approximately 108 million verified users and 245,000 ecosystem partners in over 100 countries that securely invest, spend, save, earn, and use crypto . About Evolve Funds Group Inc. With over $5.2 billion in assets under management, Evolve is one of Canada\'s fastest growing ETF providers since launching its first ETF in September 2017.\xa0 Evolve specializes in bringing innovative ETFs to Canadian investors.\xa0 Evolve\'s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world\'s leading investment managers.\xa0 Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. \xa0For more information, please visit www.evolveetfs.com . Join us on social media: Twitter | LinkedIn | Facebook Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs. Please read the prospectus before investing. Story continues Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs Cision View original content: http://www.newswire.ca/en/releases/archive/February2023/22/c0820.html', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dropped near $23,600 following the release of less than encouraging minutes from the FOMC January meeting but rebounded along with other major cryptos later in the day.\nInsights:Hundreds of fake ChatGPT tokens are luring crypto investors. The issuers of these tokens are looking to take advantage of the craze surrounding the this technology innovation.\nCoinDesk Market Index (CMI)\n1,121\n−7.1▼0.6%\nBitcoin (BTC)\n$24,164\n−233.3▼1.0%\nEthereum (ETH)\n$1,641\n−17.5▼1.1%\nS&P 500\n3,991.05\n−6.3▼0.2%\nGold\n$1,834\n+1.3▲0.1%\nNikkei 225\n27,104.32\n−368.8▼1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Sinks Than Rallies Above $24.1K After FOMC Minutes\nStirred but not shaken, crypto markets dropped a little on Thursday, rose some but remained in the red after the U.S. central bank\'s Federal Open Market Committee (FOMC) released minutes that were short of encouraging.\nBitcoin was recently trading at $24,164, down 1% over the last 24 hours. The largest cryptocurrency by market capitalization dropped near $23,600 in the immediate aftermath of the FOMC report, which noted slowing growth – a boon for investors hoping for more dovish Federal Reserve monetary policy – but also data suggesting that inflation and the prospects of a harsh recession remained real, pleasing monetary hawks.\n"Everyone\'s wary of what\'s to come over the course of this year," Jake Boyle, chief commercial officer at crypto brokerage Caleb and Brown, said on CoinDesk TV. "At this point, it looks like the stance has become more conservative on the basis that 25 basis points is less impactful than 50, but it\'s critical that we all remember that it is still going up, which means that the solution is clearly not there."\nBoyle added: "Paired with the regulatory uncertainty that the crypto space is seeming to have these days, it would be fair for us to make the assumption that there is going to be further volatility and unexpected announcements over the course of this year."\nEther was recently changing hands at $1,641, off 1.1% from Tuesday, same time. Yet CoinDesk analyst Glenn Williams noted that BTC and ETHwere divergingon a different front, with investors sending bitcoin to exchanges and removing ether from them. The moves have signaled bearish sentiment for bitcoin and bullishness for ether, a departure from their usual correlation. Separately, on Tuesdaylayer 2 scaling system ArbitrumsurpassedEthereum in daily transactions, increasing Arbitrum’s dominance as the leading layer 2 rollup.\nOther major cryptos were mixed with some ticking up a little but others slightly in the green, although APT, the token of layer 1 platform Aptos, recently climbed more than 6%.\nStocks fell amid the same inflationary and recessionary fears that have bedeviled markets for the past few days with the S&P 500, which has a tech-heavy component, dropping 0.2%, its fourth consecutive daily decline, and the technology-focused Nasdaq and Dow Jones Industrial Average (DJIA) also edging down slightly.\nCrypto news ranged from upbeat to reminders of cryptos\' nearly 15 months of sturm and drang. Investment banking giant JPMorgan said in a research report that crypto exchange Coinbaseis well positionedto deliver notable year-on-year improvement in EBITDA." But a legal filing by the U.S. Federal Trade Commissions said that the agencyhas startedan investigation into bankrupt crypto lender Voyager Digital and its executives for deceptive marketing of cryptocurrency.\nIn an email to CoinDesk,Anthony Georgiades, co-founder ofPastel Network, a decentralized blockchain for non-fungible tokens, cryptocurrencies and Web3 technology, wrote optimistically that "the slightly better than forecasted earnings reported by Coinbase might suggest that we have moved into the final innings of a crypto winter."\n"Clearly, there has been more interest in the digital asset market in recent months, as evidenced by a rally that took a lot of observers by surprise. Part of this has to do with market psychology – everyone was so incredibly bearish that the obvious counter-trade was to be bullish. Coinbase has also been able to increase its overall market share on the back of the fallout of large crypto marketplaces like FTX."\nGeorgiades was particularly sanguine about cryptos\' prospects in Asia: "There is a lot of speculation that buyers in Asia are starting to scale back into crypto in increasing amounts. As a result, the strength in the digital asset market may very well continue for the foreseeable future. Even if the Fed remains hawkish for months to come, what’s happening in other parts of the world in monetary easing might be enough to offset what’s happening in the United States."\nBut he added warily that "there could be deep pullbacks in Bitcoin and crypto to come," even if "the fodder for an enduring rally seems to be there.”\nHundreds of Fake ChatGPT Tokens Are Luring Crypto Investors; Majority Issued on BNB Chain\nThis story first appeared Feb. 21 on CoinDesk.\nNefarious market participants are attempting to cash in on the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot despite having no official association with the tool.\nHundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, 25 tokens on Ethereum and 10 separate tokens on other blockchains such as Solana, Arbitrum, OKChain and Cronos.\nThese fake issuances follow software giant Microsoft’s move to integrate OpenAI’s chatbots for search services on Microsoft’s internet browsers.\nWhile OpenAI is the creator of ChatGPT, Microsoft’s own chatbot is a bespoke tool andis said to be an improvementover the publicly accessible ChatGPT.\nScammers are not wasting a chance to monetize on the hype, however. Several “BingChatGPT” have been issued, seeded with liquidity and are seeing thousands of dollars in trading volumes – despite red flags.\n“PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 appear to be #honeypots & 2 have high sell tax,” blockchain security firm PeckShield said in a tweet Monday.\n“2 of them have already dropped over -99%. Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme,” PeckShield added, referring to the wallet address of the nefarious issuer of these tokens.\nIn cryptocurrency, honeypots are smart contracts that pretend to leak their funds to an arbitrary user, provided that the user sends additional funds to it.\nOn the other hand, sales tax refers to the intentional amount of money taken by an illicit smart contract when a related token is sold – usually amounts higher than 50%, meaning a user selling $100 worth of a token receives only $50 worth, with the remaining “taxed” amount going to the developer of that smart contact.\nAt writing time on Tuesday, there are over 170 ChatGPT-branded tokens issued on decentralized exchanges such as Uniswap and PancakeSwap,data from DEXTools shows.\nRead More:Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin\nThemost popular onehas a market capitalization of over $250 million, with more than 300 unique holders and $600,000 in liquidity and is issued on Ethereum. Aseparate BNB Chain-versionhas $246,000 in liquidity and a market capitalization of $24 million.\nTrading volumes on such fake tokens – and scams in some cases – are a glimpse of the crypto punting dream being alive and well.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Jan)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Gross Domestic Product Annualized (Q4)\n10:30 p.m. HKT/SGT(14:30 UTC)Japan National Consumer Price Index (YoY0/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase’s Earnings Beat Expectations; SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount\nCoinbase reported Q4 earnings after the bell Tuesday, beating expectations, but usage continues to decline. Pastel co-founder Anthony Georgiades shared his crypto markets analysis. Plus, ConsenSys Director of Global Regulatory Matters Bill Hughes shared his outlook on the future of U.S. crypto regulation. And, SingularityDAO CEO Marcello Mari is probing the far reaches of where Web3 and artificial intelligence collide for CoinDesk\'s “BUIDL Week."\nBitcoin Core Developer Marco Falke Steps Down From Maintainer Role:Falke was Bitcoin Core’s most prolific contributor, with more than 2,000 commits over seven years.\nLinksDAO to Bid on Scottish Golf Course Following Vote:The decentralized autonomous organization will make an offer on the 18-hole Spey Bay Golf Club, worth about $900,000.\nNBA-Branded \'Top Shot Moments\' NFTs May Be Securities, Judge Rules in Dapper Labs Case:"Ultimately, the Court’s conclusion that what Dapper Labs offered was an investment contract under Howey is narrow," the judge wrote.\nDeveloper Activity Shows Healthy Growth of the Crypto Space:The trope that developers continue to build during bear markets holds true in 2023.\nBUSD Stablecoin Temporarily Plunges to 20 Cents on Binance:The stablecoin – which currently finds itself in the middle of a regulatory tussle – immediately regained its $1 peg.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dropped near $23,600 following the release of less than encouraging minutes from the FOMC January meeting but rebounded along with other major cryptos later in the day.\nInsights:Hundreds of fake ChatGPT tokens are luring crypto investors. The issuers of these tokens are looking to take advantage of the craze surrounding the this technology innovation.\nCoinDesk Market Index (CMI)\n1,121\n−7.1▼0.6%\nBitcoin (BTC)\n$24,164\n−233.3▼1.0%\nEthereum (ETH)\n$1,641\n−17.5▼1.1%\nS&P 500\n3,991.05\n−6.3▼0.2%\nGold\n$1,834\n+1.3▲0.1%\nNikkei 225\n27,104.32\n−368.8▼1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Sinks Than Rallies Above $24.1K After FOMC Minutes\nStirred but not shaken, crypto markets dropped a little on Thursday, rose some but remained in the red after the U.S. central bank\'s Federal Open Market Committee (FOMC) released minutes that were short of encouraging.\nBitcoin was recently trading at $24,164, down 1% over the last 24 hours. The largest cryptocurrency by market capitalization dropped near $23,600 in the immediate aftermath of the FOMC report, which noted slowing growth – a boon for investors hoping for more dovish Federal Reserve monetary policy – but also data suggesting that inflation and the prospects of a harsh recession remained real, pleasing monetary hawks.\n"Everyone\'s wary of what\'s to come over the course of this year," Jake Boyle, chief commercial officer at crypto brokerage Caleb and Brown, said on CoinDesk TV. "At this point, it looks like the stance has become more conservative on the basis that 25 basis points is less impactful than 50, but it\'s critical that we all remember that it is still going up, which means that the solution is clearly not there."\nBoyle added: "Paired with the regulatory uncertainty that the crypto space is seeming to have these days, it would be fair for us to make the assumption that there is going to be further volatility and unexpected announcements over the course of this year."\nEther was recently changing hands at $1,641, off 1.1% from Tuesday, same time. Yet CoinDesk analyst Glenn Williams noted that BTC and ETHwere divergingon a different front, with investors sending bitcoin to exchanges and removing ether from them. The moves have signaled bearish sentiment for bitcoin and bullishness for ether, a departure from their usual correlation. Separately, on Tuesdaylayer 2 scaling system ArbitrumsurpassedEthereum in daily transactions, increasing Arbitrum’s dominance as the leading layer 2 rollup.\nOther major cryptos were mixed with some ticking up a little but others slightly in the green, although APT, the token of layer 1 platform Aptos, recently climbed more than 6%.\nStocks fell amid the same inflationary and recessionary fears that have bedeviled markets for the past few days with the S&P 500, which has a tech-heavy component, dropping 0.2%, its fourth consecutive daily decline, and the technology-focused Nasdaq and Dow Jones Industrial Average (DJIA) also edging down slightly.\nCrypto news ranged from upbeat to reminders of cryptos\' nearly 15 months of sturm and drang. Investment banking giant JPMorgan said in a research report that crypto exchange Coinbaseis well positionedto deliver notable year-on-year improvement in EBITDA." But a legal filing by the U.S. Federal Trade Commissions said that the agencyhas startedan investigation into bankrupt crypto lender Voyager Digital and its executives for deceptive marketing of cryptocurrency.\nIn an email to CoinDesk,Anthony Georgiades, co-founder ofPastel Network, a decentralized blockchain for non-fungible tokens, cryptocurrencies and Web3 technology, wrote optimistically that "the slightly better than forecasted earnings reported by Coinbase might suggest that we have moved into the final innings of a crypto winter."\n"Clearly, there has been more interest in the digital asset market in recent months, as evidenced by a rally that took a lot of observers by surprise. Part of this has to do with market psychology – everyone was so incredibly bearish that the obvious counter-trade was to be bullish. Coinbase has also been able to increase its overall market share on the back of the fallout of large crypto marketplaces like FTX."\nGeorgiades was particularly sanguine about cryptos\' prospects in Asia: "There is a lot of speculation that buyers in Asia are starting to scale back into crypto in increasing amounts. As a result, the strength in the digital asset market may very well continue for the foreseeable future. Even if the Fed remains hawkish for months to come, what’s happening in other parts of the world in monetary easing might be enough to offset what’s happening in the United States."\nBut he added warily that "there could be deep pullbacks in Bitcoin and crypto to come," even if "the fodder for an enduring rally seems to be there.”\nHundreds of Fake ChatGPT Tokens Are Luring Crypto Investors; Majority Issued on BNB Chain\nThis story first appeared Feb. 21 on CoinDesk.\nNefarious market participants are attempting to cash in on the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot despite having no official association with the tool.\nHundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, 25 tokens on Ethereum and 10 separate tokens on other blockchains such as Solana, Arbitrum, OKChain and Cronos.\nThese fake issuances follow software giant Microsoft’s move to integrate OpenAI’s chatbots for search services on Microsoft’s internet browsers.\nWhile OpenAI is the creator of ChatGPT, Microsoft’s own chatbot is a bespoke tool andis said to be an improvementover the publicly accessible ChatGPT.\nScammers are not wasting a chance to monetize on the hype, however. Several “BingChatGPT” have been issued, seeded with liquidity and are seeing thousands of dollars in trading volumes – despite red flags.\n“PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 appear to be #honeypots & 2 have high sell tax,” blockchain security firm PeckShield said in a tweet Monday.\n“2 of them have already dropped over -99%. Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme,” PeckShield added, referring to the wallet address of the nefarious issuer of these tokens.\nIn cryptocurrency, honeypots are smart contracts that pretend to leak their funds to an arbitrary user, provided that the user sends additional funds to it.\nOn the other hand, sales tax refers to the intentional amount of money taken by an illicit smart contract when a related token is sold – usually amounts higher than 50%, meaning a user selling $100 worth of a token receives only $50 worth, with the remaining “taxed” amount going to the developer of that smart contact.\nAt writing time on Tuesday, there are over 170 ChatGPT-branded tokens issued on decentralized exchanges such as Uniswap and PancakeSwap,data from DEXTools shows.\nRead More:Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin\nThemost popular onehas a market capitalization of over $250 million, with more than 300 unique holders and $600,000 in liquidity and is issued on Ethereum. Aseparate BNB Chain-versionhas $246,000 in liquidity and a market capitalization of $24 million.\nTrading volumes on such fake tokens – and scams in some cases – are a glimpse of the crypto punting dream being alive and well.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Jan)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Gross Domestic Product Annualized (Q4)\n10:30 p.m. HKT/SGT(14:30 UTC)Japan National Consumer Price Index (YoY0/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase’s Earnings Beat Expectations; SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount\nCoinbase reported Q4 earnings after the bell Tuesday, beating expectations, but usage continues to decline. Pastel co-founder Anthony Georgiades shared his crypto markets analysis. Plus, ConsenSys Director of Global Regulatory Matters Bill Hughes shared his outlook on the future of U.S. crypto regulation. And, SingularityDAO CEO Marcello Mari is probing the far reaches of where Web3 and artificial intelligence collide for CoinDesk\'s “BUIDL Week."\nBitcoin Core Developer Marco Falke Steps Down From Maintainer Role:Falke was Bitcoin Core’s most prolific contributor, with more than 2,000 commits over seven years.\nLinksDAO to Bid on Scottish Golf Course Following Vote:The decentralized autonomous organization will make an offer on the 18-hole Spey Bay Golf Club, worth about $900,000.\nNBA-Branded \'Top Shot Moments\' NFTs May Be Securities, Judge Rules in Dapper Labs Case:"Ultimately, the Court’s conclusion that what Dapper Labs offered was an investment contract under Howey is narrow," the judge wrote.\nDeveloper Activity Shows Healthy Growth of the Crypto Space:The trope that developers continue to build during bear markets holds true in 2023.\nBUSD Stablecoin Temporarily Plunges to 20 Cents on Binance:The stablecoin – which currently finds itself in the middle of a regulatory tussle – immediately regained its $1 peg.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin dropped near $23,600 following the release of less than encouraging minutes from the FOMC January meeting but rebounded along with other major cryptos later in the day. Insights: Hundreds of fake ChatGPT tokens are luring crypto investors. The issuers of these tokens are looking to take advantage of the craze surrounding the this technology innovation. Prices CoinDesk Market Index (CMI) 1,121 −7.1 ▼ 0.6% Bitcoin (BTC) $24,164 −233.3 ▼ 1.0% Ethereum (ETH) $1,641 −17.5 ▼ 1.1% S&P 500 3,991.05 −6.3 ▼ 0.2% Gold $1,834 +1.3 ▲ 0.1% Nikkei 225 27,104.32 −368.8 ▼ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Sinks Than Rallies Above $24.1K After FOMC Minutes Stirred but not shaken, crypto markets dropped a little on Thursday, rose some but remained in the red after the U.S. central bank\'s Federal Open Market Committee (FOMC) released minutes that were short of encouraging. Bitcoin was recently trading at $24,164, down 1% over the last 24 hours. The largest cryptocurrency by market capitalization dropped near $23,600 in the immediate aftermath of the FOMC report, which noted slowing growth – a boon for investors hoping for more dovish Federal Reserve monetary policy – but also data suggesting that inflation and the prospects of a harsh recession remained real, pleasing monetary hawks. "Everyone\'s wary of what\'s to come over the course of this year," Jake Boyle, chief commercial officer at crypto brokerage Caleb and Brown, said on CoinDesk TV. "At this point, it looks like the stance has become more conservative on the basis that 25 basis points is less impactful than 50, but it\'s critical that we all remember that it is still going up, which means that the solution is clearly not there." Boyle added: "Paired with the regulatory uncertainty that the crypto space is seeming to have these days, it would be fair for us to make the assumption that there is going to be further volatility and unexpected announcements over the course of this year." Story continues Ether was recently changing hands at $1,641, off 1.1% from Tuesday, same time. Yet CoinDesk analyst Glenn Williams noted that BTC and ETH were diverging on a different front, with investors sending bitcoin to exchanges and removing ether from them. The moves have signaled bearish sentiment for bitcoin and bullishness for ether, a departure from their usual correlation. Separately, on Tuesdaylayer 2 scaling system Arbitrum surpassed Ethereum in daily transactions, increasing Arbitrum’s dominance as the leading layer 2 rollup. Other major cryptos were mixed with some ticking up a little but others slightly in the green, although APT, the token of layer 1 platform Aptos, recently climbed more than 6%. Stocks fell amid the same inflationary and recessionary fears that have bedeviled markets for the past few days with the S&P 500, which has a tech-heavy component, dropping 0.2%, its fourth consecutive daily decline, and the technology-focused Nasdaq and Dow Jones Industrial Average (DJIA) also edging down slightly. Crypto news ranged from upbeat to reminders of cryptos\' nearly 15 months of sturm and drang. Investment banking giant JPMorgan said in a research report that crypto exchange Coinbase is well positioned to deliver notable year-on-year improvement in EBITDA." But a legal filing by the U.S. Federal Trade Commissions said that the agency has started an investigation into bankrupt crypto lender Voyager Digital and its executives for deceptive marketing of cryptocurrency. In an email to CoinDesk, Anthony Georgiades , co-founder of Pastel Network , a decentralized blockchain for non-fungible tokens, cryptocurrencies and Web3 technology, wrote optimistically that "the slightly better than forecasted earnings reported by Coinbase might suggest that we have moved into the final innings of a crypto winter." "Clearly, there has been more interest in the digital asset market in recent months, as evidenced by a rally that took a lot of observers by surprise. Part of this has to do with market psychology – everyone was so incredibly bearish that the obvious counter-trade was to be bullish. Coinbase has also been able to increase its overall market share on the back of the fallout of large crypto marketplaces like FTX." Georgiades was particularly sanguine about cryptos\' prospects in Asia: "There is a lot of speculation that buyers in Asia are starting to scale back into crypto in increasing amounts. As a result, the strength in the digital asset market may very well continue for the foreseeable future. Even if the Fed remains hawkish for months to come, what’s happening in other parts of the world in monetary easing might be enough to offset what’s happening in the United States." But he added warily that "there could be deep pullbacks in Bitcoin and crypto to come," even if "the fodder for an enduring rally seems to be there.” Insights Hundreds of Fake ChatGPT Tokens Are Luring Crypto Investors; Majority Issued on BNB Chain This story first appeared Feb. 21 on CoinDesk. Nefarious market participants are attempting to cash in on the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot despite having no official association with the tool. Hundreds of such tokens have been issued in the past few weeks. Of this, 132 different tokens have been issued on BNB Chain, 25 tokens on Ethereum and 10 separate tokens on other blockchains such as Solana, Arbitrum, OKChain and Cronos. These fake issuances follow software giant Microsoft’s move to integrate OpenAI’s chatbots for search services on Microsoft’s internet browsers. While OpenAI is the creator of ChatGPT, Microsoft’s own chatbot is a bespoke tool and is said to be an improvement over the publicly accessible ChatGPT. Scammers are not wasting a chance to monetize on the hype, however. Several “BingChatGPT” have been issued, seeded with liquidity and are seeing thousands of dollars in trading volumes – despite red flags. “PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 appear to be #honeypots & 2 have high sell tax,” blockchain security firm PeckShield said in a tweet Monday. “2 of them have already dropped over -99%. Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme,” PeckShield added, referring to the wallet address of the nefarious issuer of these tokens. #PeckShieldAlert PeckShield has detected dozens of newly created #BingChatGPT tokens, of which 3 appear to be #honeypots & 2 have high sell tax. 2 of them have already dropped over -99%. Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme #AI #ChatGPT pic.twitter.com/merQikuslk — PeckShieldAlert (@PeckShieldAlert) February 20, 2023 In cryptocurrency, honeypots are smart contracts that pretend to leak their funds to an arbitrary user, provided that the user sends additional funds to it. On the other hand, sales tax refers to the intentional amount of money taken by an illicit smart contract when a related token is sold – usually amounts higher than 50%, meaning a user selling $100 worth of a token receives only $50 worth, with the remaining “taxed” amount going to the developer of that smart contact. At writing time on Tuesday, there are over 170 ChatGPT-branded tokens issued on decentralized exchanges such as Uniswap and PancakeSwap, data from DEXTools shows . Read More: Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin The most popular one has a market capitalization of over $250 million, with more than 300 unique holders and $600,000 in liquidity and is issued on Ethereum. A separate BNB Chain-version has $246,000 in liquidity and a market capitalization of $24 million. Trading volumes on such fake tokens – and scams in some cases – are a glimpse of the crypto punting dream being alive and well. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Core Harmonized Index of Consumer Prices (YoY/Jan) 12:30 p.m. HKT/SGT(4:30 UTC) United States Gross Domestic Product Annualized (Q4) 10:30 p.m. HKT/SGT(14:30 UTC) Japan National Consumer Price Index (YoY0/Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase’s Earnings Beat Expectations; SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount Coinbase reported Q4 earnings after the bell Tuesday, beating expectations, but usage continues to decline. Pastel co-founder Anthony Georgiades shared his crypto markets analysis. Plus, ConsenSys Director of Global Regulatory Matters Bill Hughes shared his outlook on the future of U.S. crypto regulation. And, SingularityDAO CEO Marcello Mari is probing the far reaches of where Web3 and artificial intelligence collide for CoinDesk\'s “BUIDL Week." Headlines Bitcoin Core Developer Marco Falke Steps Down From Maintainer Role : Falke was Bitcoin Core’s most prolific contributor, with more than 2,000 commits over seven years. LinksDAO to Bid on Scottish Golf Course Following Vote : The decentralized autonomous organization will make an offer on the 18-hole Spey Bay Golf Club, worth about $900,000. NBA-Branded \'Top Shot Moments\' NFTs May Be Securities, Judge Rules in Dapper Labs Case : "Ultimately, the Court’s conclusion that what Dapper Labs offered was an investment contract under Howey is narrow," the judge wrote. Developer Activity Shows Healthy Growth of the Crypto Space : The trope that developers continue to build during bear markets holds true in 2023. BUSD Stablecoin Temporarily Plunges to 20 Cents on Binance : The stablecoin – which currently finds itself in the middle of a regulatory tussle – immediately regained its $1 peg.', 'Bitcoin fell in a mixed morning of trading for the top 10 non-stablecoin cryptocurrencies by market capitalization on Thursday in Asia. XRP posted the biggest gains in the list while Solana led losses. The U.S. Federal Reserve released its February meeting minutes on Wednesday, hinting at further interest rate hikes.\nSee related article:Coinbase reports growth in Q4 earnings despite decline in users\n• Bitcoin fell 1.0% in the last 24 hours to trade at US$24,190 as of 8 a.m. in Hong Kong, after falling to as low as US$23,644 overnight. The world’s leading cryptocurrency was trading down 0.5% over the past week,according to CoinMarketCap. Ethereum fell 0.9% to US$1,643, dropping 1.8% over the past seven days.\n• XRP rose 0.9% to US$0.39, though the token was still trading down 1.4% for the past seven days. FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX.com,reinstatedXRP withdrawals overnight.\n• Solana dropped 3.1% to trade at US$24.2, while rising 1.2% in the past seven days. Solana Spaces, a startup funded by Solana Foundation that promotes its namesake blockchain with its physical stores in New York and Miami,announcedon Tuesday it will shut down its locations by the end of the month.\n• Toncoin, the 26th largest cryptocurrency by market capitalization, rose 5.5% to US$42.47, bringing its weekly gains to 5.6%. The Open Network, a blockchain powered by Toncoin, released agovernance platformon Tuesday that allows Toncoin validators to vote on decisions in the network.\n• The total crypto market capitalization dropped 1.5% to US$1.08 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was down by 4.9% to US$63 billion.\n• U.S. equities had a mixed day of trading on Wednesday. The Dow Jones Industrial Average fell 0.3% and the S&P 500 Index slipped 0.2% while the Nasdaq Composite Index rose 0.1%.\n• Investors reacted with trepidation to the release of the Fed’s meeting minutes on Wednesday, which showed that the central bank recognized that inflation was cooling in the economy, but said labor markets “remained very tight, contributing to continuing upward pressures on wages and prices.“\n• The minutes also revealed that there were some members of the Fed that were pushing for a 50 basis point rise in interest rates at the Fed’s previous meeting, when the central bank instead announced a 25 basis point rate hike to a targeted range of 4.5%-4.75%, the highest level since October 2007.\n• Analysts at the CME Grouppredict a roughly 75% chance that the Fed will raise rates by another 25 basis points next month.\n• The latest Consumer Price Index data showed inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November. The Fed has indicates it is trying to bring inflation down to a target range of 2%.\nSee related article:Hong Kong to invest US$6.37 million to spur Web3 growth', 'Bitcoin fell in a mixed morning of trading for the top 10 non-stablecoin cryptocurrencies by market capitalization on Thursday in Asia. XRP posted the biggest gains in the list while Solana led losses. The U.S. Federal Reserve released its February meeting minutes on Wednesday, hinting at further interest rate hikes. See related article: Coinbase reports growth in Q4 earnings despite decline in users Fast facts Bitcoin fell 1.0% in the last 24 hours to trade at US$24,190 as of 8 a.m. in Hong Kong, after falling to as low as US$23,644 overnight. The world\x92s leading cryptocurrency was trading down 0.5% over the past week, according to CoinMarketCap . Ethereum fell 0.9% to US$1,643, dropping 1.8% over the past seven days. XRP rose 0.9% to US$0.39, though the token was still trading down 1.4% for the past seven days. FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX.com, reinstated XRP withdrawals overnight. Solana dropped 3.1% to trade at US$24.2, while rising 1.2% in the past seven days. Solana Spaces, a startup funded by Solana Foundation that promotes its namesake blockchain with its physical stores in New York and Miami, announced on Tuesday it will shut down its locations by the end of the month. Toncoin, the 26th largest cryptocurrency by market capitalization, rose 5.5% to US$42.47, bringing its weekly gains to 5.6%. The Open Network, a blockchain powered by Toncoin, released a governance platform on Tuesday that allows Toncoin validators to vote on decisions in the network. The total crypto market capitalization dropped 1.5% to US$1.08 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was down by 4.9% to US$63 billion. U.S. equities had a mixed day of trading on Wednesday. The Dow Jones Industrial Average fell 0.3% and the S&P 500 Index slipped 0.2% while the Nasdaq Composite Index rose 0.1%. Investors reacted with trepidation to the release of the Fed\x92s meeting minutes on Wednesday, which showed that the central bank recognized that inflation was cooling in the economy, but said labor markets \x93remained very tight, contributing to continuing upward pressures on wages and prices.\x93 The minutes also revealed that there were some members of the Fed that were pushing for a 50 basis point rise in interest rates at the Fed\x92s previous meeting, when the central bank instead announced a 25 basis point rate hike to a targeted range of 4.5%-4.75%, the highest level since October 2007. Analysts at the CME Group predict a roughly 75% chance that the Fed will raise rates by another 25 basis points next month. The latest Consumer Price Index data showed inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November. The Fed has indicates it is trying to bring inflation down to a target range of 2%. See related article: Hong Kong to invest US$6.37 million to spur Web3 growth', 'Bitcoin fell in a mixed morning of trading for the top 10 non-stablecoin cryptocurrencies by market capitalization on Thursday in Asia. XRP posted the biggest gains in the list while Solana led losses. The U.S. Federal Reserve released its February meeting minutes on Wednesday, hinting at further interest rate hikes.\nSee related article:Coinbase reports growth in Q4 earnings despite decline in users\n• Bitcoin fell 1.0% in the last 24 hours to trade at US$24,190 as of 8 a.m. in Hong Kong, after falling to as low as US$23,644 overnight. The world’s leading cryptocurrency was trading down 0.5% over the past week,according to CoinMarketCap. Ethereum fell 0.9% to US$1,643, dropping 1.8% over the past seven days.\n• XRP rose 0.9% to US$0.39, though the token was still trading down 1.4% for the past seven days. FTX Japan, the Japanese arm of bankrupt cryptocurrency exchange FTX.com,reinstatedXRP withdrawals overnight.\n• Solana dropped 3.1% to trade at US$24.2, while rising 1.2% in the past seven days. Solana Spaces, a startup funded by Solana Foundation that promotes its namesake blockchain with its physical stores in New York and Miami,announcedon Tuesday it will shut down its locations by the end of the month.\n• Toncoin, the 26th largest cryptocurrency by market capitalization, rose 5.5% to US$42.47, bringing its weekly gains to 5.6%. The Open Network, a blockchain powered by Toncoin, released agovernance platformon Tuesday that allows Toncoin validators to vote on decisions in the network.\n• The total crypto market capitalization dropped 1.5% to US$1.08 trillion at 8 a.m. in Hong Kong. The total trading volume over the past 24 hours was down by 4.9% to US$63 billion.\n• U.S. equities had a mixed day of trading on Wednesday. The Dow Jones Industrial Average fell 0.3% and the S&P 500 Index slipped 0.2% while the Nasdaq Composite Index rose 0.1%.\n• Investors reacted with trepidation to the release of the Fed’s meeting minutes on Wednesday, which showed that the central bank recognized that inflation was cooling in the economy, but said labor markets “remained very tight, contributing to continuing upward pressures on wages and prices.“\n• The minutes also revealed that there were some members of the Fed that were pushing for a 50 basis point rise in interest rates at the Fed’s previous meeting, when the central bank instead announced a 25 basis point rate hike to a targeted range of 4.5%-4.75%, the highest level since October 2007.\n• Analysts at the CME Grouppredict a roughly 75% chance that the Fed will raise rates by another 25 basis points next month.\n• The latest Consumer Price Index data showed inflation was up 6.4% in January from a year ago, down from 6.5% in December and 7.1% in November. The Fed has indicates it is trying to bring inflation down to a target range of 2%.\nSee related article:Hong Kong to invest US$6.37 million to spur Web3 growth', 'Bitcoin and Ether rose during Asian trading hours on Thursday, along with all top 10 non-stablecoin cryptocurrencies by market capitalization. Asian equities were down, in line with Wall Street’s performance, after the minutes of the latest U.S. Federal Reserve meeting showed a willingness to tame inflation with more interest rate hikes. See related article: Industry reacts: US cracks down on crypto, India calls for regulatory collaboration Fast facts Bitcoin rose 1.7% to US$24,435 in the 24 hours to 4:30 p.m. in Hong Kong. Ether gained 1.93% to change hands at US$1,669, according to CoinMarketCap data. The rest of the top 10 cryptos also rallied on the day, with the Shiba Inu token posting the biggest gains, up 5.13% to US$$0.00001339, followed by Polygon’s Matic that rose 4.42% to change hands at US$1.40. The global cryptocurrency market capitalization decreased by 2.12% to US$1.11 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 13.18% to US$59.81 billion. Asian equities were down on Thursday, in line with Wall Street’s overnight downtrend, reflecting caution from investors after the minutes of the Fed’s last meeting showed that policymakers largely agreed to raise more interest rates to rein in inflation. The Shanghai Composite slid 0.11% and the Shenzhen Component Index lost 0.13%. Hong Kong’s Hang Seng Index fell 0.35% to near a seven-week low and Japan’s Nikkei 225 ended the day 1.34% lower. European stock recovered on Thursday after two days in the red, as the Stoxx 600 rose 0.3% and the DAX 40 inched up 0.4%. Tech stocks were lifted by a stronger-than-expected corporate earnings report from graphics card maker Nvidia, which saw higher earnings from the use of its chips in artificial intelligence chatbots and other applications. Britain’s Rolls-Royce rallied 18% following higher-than-expected profit growth statistics, fueled by global post-pandemic recovery and an increase in international travel. Austria’s January inflation increased on the year to 11.2%, the highest since the nation began to track it in 1958, mainly pressured by the cost of housing and utilities including a 98.4% surge in gas prices on the year. See related article: Web3 isn’t just about money, it’s about equality and transparency, says Mysten Labs co-founder', 'Bitcoin andEtherrose during Asian trading hours on Thursday, along with all top 10 non-stablecoin cryptocurrencies by market capitalization. Asian equities were down, in line with Wall Street’s performance, after the minutes of the latest U.S. Federal Reserve meeting showed a willingness to tame inflation with more interest rate hikes.\nSee related article:Industry reacts: US cracks down on crypto, India calls for regulatory collaboration\n• Bitcoin rose 1.7% to US$24,435 in the 24 hours to 4:30 p.m. in Hong Kong. Ether gained 1.93% to change hands at US$1,669, according toCoinMarketCapdata.\n• The rest of the top 10 cryptos also rallied on the day, with theShiba Inu tokenposting the biggest gains, up 5.13% to US$$0.00001339, followed byPolygon’s Maticthat rose 4.42% to change hands at US$1.40.\n• The global cryptocurrency market capitalization decreased by 2.12% to US$1.11 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 13.18% to US$59.81 billion.\n• Asian equities were down on Thursday, in line with Wall Street’s overnight downtrend, reflecting caution from investors after the minutes of the Fed’s last meeting showed that policymakers largely agreed to raise more interest rates to rein in inflation.\n• The Shanghai Composite slid 0.11% and the Shenzhen Component Index lost 0.13%. Hong Kong’s Hang Seng Index fell 0.35% to near a seven-week low and Japan’s Nikkei 225 ended the day 1.34% lower.\n• European stock recovered on Thursday after two days in the red, as the Stoxx 600 rose 0.3% and the DAX 40 inched up 0.4%. Tech stocks were lifted by a stronger-than-expected corporate earnings report from graphics card maker Nvidia, which saw higher earnings from the use of its chips in artificial intelligence chatbots and other applications.\n• Britain’s Rolls-Royce rallied 18% following higher-than-expected profit growth statistics, fueled by global post-pandemic recovery and an increase in international travel.\n• Austria’s January inflation increased on the year to 11.2%, the highest since the nation began to track it in 1958, mainly pressured by the cost of housing and utilities including a 98.4% surge in gas prices on the year.\nSee related article:Web3 isn’t just about money, it’s about equality and transparency, says Mysten Labs co-founder', 'Bitcoin andEtherrose during Asian trading hours on Thursday, along with all top 10 non-stablecoin cryptocurrencies by market capitalization. Asian equities were down, in line with Wall Street’s performance, after the minutes of the latest U.S. Federal Reserve meeting showed a willingness to tame inflation with more interest rate hikes.\nSee related article:Industry reacts: US cracks down on crypto, India calls for regulatory collaboration\n• Bitcoin rose 1.7% to US$24,435 in the 24 hours to 4:30 p.m. in Hong Kong. Ether gained 1.93% to change hands at US$1,669, according toCoinMarketCapdata.\n• The rest of the top 10 cryptos also rallied on the day, with theShiba Inu tokenposting the biggest gains, up 5.13% to US$$0.00001339, followed byPolygon’s Maticthat rose 4.42% to change hands at US$1.40.\n• The global cryptocurrency market capitalization decreased by 2.12% to US$1.11 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 13.18% to US$59.81 billion.\n• Asian equities were down on Thursday, in line with Wall Street’s overnight downtrend, reflecting caution from investors after the minutes of the Fed’s last meeting showed that policymakers largely agreed to raise more interest rates to rein in inflation.\n• The Shanghai Composite slid 0.11% and the Shenzhen Component Index lost 0.13%. Hong Kong’s Hang Seng Index fell 0.35% to near a seven-week low and Japan’s Nikkei 225 ended the day 1.34% lower.\n• European stock recovered on Thursday after two day
**Last 60 Days of Bitcoin's Closing Prices:**
[16841.99, 16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-23
**Financial & Commodity Data:**
- Gold Closing Price: $1818.00
- Crude Oil Closing Price: $75.39
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $472,893,351,344
- Hash Rate: 332847259.9991002
- Transaction Count: 290728.0
- Unique Addresses: 693262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The New York Attorney General Letitia James issuingAlex Mashinsky, co-founder and former CEO of bankrupt crypto lender Celsius Network, alleging he defrauded hundreds of thousands of investors, including 26,000 New Yorkers.
The lawsuit claims that Mashinsky of lying to investors, concealing Celsius’s financial problems, and failing to meet state law registration requirements under his watch.
"The law is clear that making false and unsubstantiated promises and misleading investors is illegal," James said in a statement. "Today, we are taking action on behalf of thousands of New Yorkers who were defrauded by Mr. Mashinsky to recoup their losses."
Celsius Network was a lending platform that took in crypto and cash deposits from retail investors, and then lent them out to institutional investors to pay customers high rates of interest.
In its statement, the New York AG's office said: "Mashinsky repeatedly claimed that Celsius made safe, low-risk investments and only lent assets to credible and reputable entities. However, investors' assets were routinely exposed to high-risk counterparties and strategies, many of which resulted in losses that Mashinsky concealed from investors."
The business plan officially fell through at the beginning of June when the company froze customer withdrawals. Celsiusfiled for bankruptcy protectionat the beginning of July.
At Celsius' petition date, the company had approximately 600,000 accounts in its Earn program, which carried a market value of $4.2 billion as of July 10, which included $23 million in dollar-pegged stablecoins. The company also reported a $1.2 billion gap between its assets and liabilities.
New York's suit follows similar suits against crypto lenderNexoin September and its $1 millionsettlementwith the now bankrupt lender, BlockFi.
Following Celsius' July petition,dozens of customers filed letters to the court arguing Mashinsky had misled them.
According to the lawsuit, on several occasions Mashinsky’s statements ran contrary to the company’s risk management hygiene. For example, the lawsuit and at least one customer cited a CNBC interview on April 13, where he said the company doesn’t “offer any non-collateralized loans.”
However, it also increased exposure to uncollateralized loans between 2020 to June 2022, making those riskier loans to at least 19 different counterparties including Alameda Research and Three Arrows Capital, the suit alleged.
Mashinskyresignedin late September saying his role as CEO had "become an increasing distraction."
A bankruptcy judge overseeing Celsius’ chapter 11 proceedingsruledWednesday that deposits Celsius customers put into its Earn program belong to the bankruptcy estate, not its customers.
The company’s Terms of Use was acknowledged by the judge as a “contract governed by New York law,” which meant Celsius held “all right and title to such Eligible Digital Assets, including ownership rights” in the cryptocurrency assets (including stablecoins), according to the order.
Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs
Read the latest financial and business news from Yahoo Finance
Download the Yahoo Finance app forAppleorAndroid
Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['FOMO3D: Arbitrum Developers hope to bring DeFi "to its knees" and leave players begging for more BOSTON MA, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Over 18 months since it’s release, Arbitrum is getting the attention many of its supporters have been looking for: the high-speed, low-fee, Layer-2 Ethereum rollup network has overtaken Binance Smart Chain (BSC) in terms of daily volume . After performing neck-and-neck for much of 2023, it would appear that Arbitrum has peeled off a decent percentage of the popular centralized-decentralized network’s userbase. In other words, BSC users are feeling the fear of missing out (FOMO) on Arbitrum, which couldn’t come at a better time for the developers of the token PoSH4D (P4D) and its game component, FOMO3D: Arbitrum. Despite quietly launching PoSH4D (P4D) on February 21 st , word of the token’s release—and anticipation of the upcoming game—spread like a virus among the Arbitrum community, driving the marketcap of P4D to $350k within the first 24 hours. Why such a demand for a token with so little fanfare? Well, the project is a direct homage to the original Ethereum game FOMO3D , and if trends continue and the team can continue to deliver on their promises (so far they\'ve touted their staking platform for token-holders), FOMO3D Arbitrum could become the biggest Web3 game of 2023. "Time is a Flat Circle" The original FOMO3D was released in mid-2018, during a downturn in the cryptocurrency market: Bitcoin’s price had plunged by a third from the beginning of the year, selloffs worsened in the face of massive exchange hacks, rampant initial coin offering (ICO) scams, and rumors of incoming government regulations. However, while many in the community were overcome with doom and gloom, developers of Team JUST couldn’t help but laugh at the absurdity. FOMO3D was created as a satirical game based on the cutthroat environment that marked the 2018 “crypto winter:” the game billed itself as an “exit scam”–much like the aforementioned ICO schemes–where players purchased “private keys”–a reference to the hacked wallets that ruined several crypto exchanges that year. The game was a massive success, and the winner of the first round walked away with 10k ETH, (now valued at $17 million dollars). Given the tumultuous last year for the crypto market, it should come as no surprise that, half a decade later, in another uncertain market, the game’s themes still resonate with developers and investors alike. Story continues "DeFi, DeFi Never Changes" “There’s so many examples: Do Kwon and Terra Luna , bridge hacks like Ronin and Wormhole , and of course SBF [Sam Bankman-Fried] and FTX ,” said a spokesman for FOMO3D Arbitrum, rattling off the names of some the worst offenders in crypto of 2022 like a list of MVP athletes. “Hopefully the crypto winter put a freeze on newcomers trying to fleece the space, but in the meantime, we just want to get people’s blood pumping again, and we think Arbitrum is the perfect place for a project like this.” The spokesman opined, referring to the rollup’s adjacency to the gargantuan amounts of liquidity held on Ethereum, as well as the low cost and high speed of transactions. “Doing a revival of FOMO3D on Ethereum is impossible nowadays: even with the Merge upgrade, gas costs still regularly hit $80 per transaction and transactions can take minutes to go through, you can’t run a blockchain game like that.” Though the game is no longer on Ethereum, the developers did include a nod to the upgrades to the network, “the original was called ‘proof of weak hands,’ a play off the acronym for proof-of-work; as a nod to Ethereum moving to proof-of-stake, our revival is ‘proof of strong hands.’ Besides, if you’re still holding crypto after last year, you’ve gotta have strong hands, just how strong our community’s hands are will have to wait until the game comes out this weekend.” P4D CA: 0xEFc43Cf79f406D62960e34d3a62c729a0EEbEC4b P4D Chart: https://dexscreener.com/arbitrum/0xf4037ae51505d3c1f8f03f2916cd52136f0968b3 P4D Staking/FOMO3D dApp preview: https://dapp.fomo3darb.com/ Twitter: https://twitter.com/fomo3darbitrum Docs: https://docs.fomo3darb.com/ Medium: https://medium.com/@arbitrum3d/fomo3d-arbitrum-has-arrived-86d4011142fd Telegram: https://t.me/fomo3darbitrum CONTACT: Nicholas Gardner Copy Desk CryptoNewsNE manager at cryptonewsne.com', 'Developers hope to bring DeFi "to its knees" and leave players begging for more\nBOSTON MA, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Over 18 months since it’s release, Arbitrum is getting the attention many of its supporters have been looking for: the high-speed, low-fee, Layer-2 Ethereum rollup network has overtaken Binance Smart Chain (BSC) in terms ofdaily volume. After performing neck-and-neck for much of 2023, it would appear that Arbitrum has peeled off a decent percentage of the popular centralized-decentralized network’s userbase. In other words, BSC users are feeling the fear of missing out (FOMO) on Arbitrum, which couldn’t come at a better time for the developers of the token PoSH4D (P4D) and its game component, FOMO3D: Arbitrum.\nDespite quietly launchingPoSH4D (P4D) on February 21st, word of the token’s release—and anticipation of the upcoming game—spread like a virus among the Arbitrum community, driving the marketcap of P4D to $350k within the first 24 hours. Why such a demand for a token with so little fanfare? Well, the project is a direct homage to the originalEthereum game FOMO3D, and if trends continue and the team can continue to deliver on their promises (so far they\'ve touted their staking platform for token-holders), FOMO3D Arbitrum could become the biggest Web3 game of 2023.\n"Time is a Flat Circle"\nThe original FOMO3D was released in mid-2018, during a downturn in the cryptocurrency market: Bitcoin’s price had plunged by a third from the beginning of the year, selloffs worsened in the face of massive exchange hacks, rampant initial coin offering (ICO) scams, and rumors of incoming government regulations. However, while many in the community were overcome with doom and gloom, developers of Team JUST couldn’t help but laugh at the absurdity. FOMO3D was created as a satirical game based on the cutthroat environment that marked the 2018 “crypto winter:” the game billed itself as an “exit scam”–much like the aforementioned ICO schemes–where players purchased “private keys”–a reference to the hacked wallets that ruined several crypto exchanges that year. The game was a massive success, and the winner of the first round walked away with 10k ETH, (now valued at $17 million dollars). Given the tumultuous last year for the crypto market, it should come as no surprise that, half a decade later, in another uncertain market, the game’s themes still resonate with developers and investors alike.\n"DeFi, DeFi Never Changes"\n“There’s so many examples:Do Kwon and Terra Luna,bridge hacks like Ronin and Wormhole, and of courseSBF [Sam Bankman-Fried] and FTX,” said a spokesman for FOMO3D Arbitrum, rattling off the names of some the worst offenders in crypto of 2022 like a list of MVP athletes. “Hopefully the crypto winter put a freeze on newcomers trying to fleece the space, but in the meantime, we just want to get people’s blood pumping again, and we think Arbitrum is the perfect place for a project like this.” The spokesman opined, referring to the rollup’s adjacency to the gargantuan amounts of liquidity held on Ethereum, as well as the low cost and high speed of transactions.\n“Doing a revival of FOMO3D on Ethereum is impossible nowadays: even with the Merge upgrade, gas costs still regularly hit $80 per transaction and transactions can take minutes to go through, you can’t run a blockchain game like that.” Though the game is no longer on Ethereum, the developers did include a nod to the upgrades to the network, “the original was called ‘proof of weak hands,’ a play off the acronym for proof-of-work; as a nod to Ethereum moving to proof-of-stake, our revival is ‘proof of strong hands.’ Besides, if you’re still holding crypto after last year, you’ve gotta have strong hands, just how strong our community’s hands are will have to wait until the game comes out this weekend.”\nP4D CA: 0xEFc43Cf79f406D62960e34d3a62c729a0EEbEC4bP4D Chart:https://dexscreener.com/arbitrum/0xf4037ae51505d3c1f8f03f2916cd52136f0968b3P4D Staking/FOMO3D dApp preview:https://dapp.fomo3darb.com/Twitter:https://twitter.com/fomo3darbitrumDocs:https://docs.fomo3darb.com/Medium:https://medium.com/@arbitrum3d/fomo3d-arbitrum-has-arrived-86d4011142fdTelegram:https://t.me/fomo3darbitrum\nCONTACT: Nicholas Gardner Copy Desk CryptoNewsNE manager at cryptonewsne.com', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin tossed and turned above and below $24K before settling over the threshold. Insights: Bitcoin funding rates have been positive for 10 consecutive days. Why should investors care? Prices CoinDesk Market Index (CMI) 1,118 −2.1 ▼ 0.2% Bitcoin (BTC) $24,052 −101.1 ▼ 0.4% Ethereum (ETH) $1,659 +17.7 ▲ 1.1% S&P 500 4,012.32 +21.3 ▲ 0.5% Gold $1,832 +0.2 ▲ 0.0% Nikkei 225 27,104.32 −368.8 ▼ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Shows Its Mettle in Rebounding Above $24K Bitcoin spent Thursday in a fretfully, uncertain mood, teeter-tottering below and above $24,000 as investors continued to evaluate the U.S. Federal Reserve\'s ongoing dialogue about monetary policy and jobs data suggesting that inflation would remain problematic. The largest cryptocurrency was recently trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. Still, analysts remain cautiously optimistic about BTC\'s prospects after watching it surge about 40% since the start of the year amid an improved, overall economic backdrop. "People feel that the worst may be over in terms of bad news that we had in the crypto sector last year, and that\'s why it\'s [bitcoin] more resilient," Bradley Duke, co-CEO of institutional-grade digital asset-back securities provider ETC Group, told CoinDesk\'s "First Mover" program. In a separate CoinDesk TV interview, Julius de Kempenaer, senior technical analyst at research platform Stockcharts.com, said he was encouraged by bitcoin\'s ability to hold support first at $18,000 and than at higher levels in recent months, including its recent perch around $24,000. "As long as we remain around that level, where we now are – we can put in a low here and break through 25K – that is a signal to go up to that 30K area," de Kempenaer said. Ether was recently changing hands at $1,659, up about 1.1%. Other major cryptos were flat, albeit tinted slightly red with AVAX, the token of base-layer network Avalanche Network, and MATIC, the token of layer 2 platform Polygon, dropping about 3% and 2.5%, respectively. OPT, the native crypto of layer 2 scaling tool Optimism, was up more than 6% hours after crypto exchange Coinbase said it was building its layer 2 blockchain using the OP Stack in collaboration with the protocol. Story continues The CoinDesk Market Index (CMI) , a measure of the digital asset market\'s performance, was down 0.2%. Stocks rose with the S&P 500, which has a technology heavy component gaining 0.5% to break a four-day losing streak and the tech-focused Nasdaq and Dow Jones Industrial Average (DJIA) rising a few fractions of a percentage point. The Nasdaq took heart from semi conductor manufacturer Nvidia, which on Wednesday said it expected business to improve amid the euphoria about the ChatGPT artificial intelligence chat tool. AI tokens have been surging since the public unveiling of chatbot ChatGPT and image generation software Dall-E in mid-2022. Meanwhile, the U.S. Labor Department reported that initial jobless claims for the week ending Feb. 18 fell by 3,000 to 192,000 but were below the consensus estimate of 200,000. Strong jobs data has been thorny for the U.S. Federal Reserve as it tries to reduce inflation from 6.4% to a target rate of 2%. The ongoing angst about high prices has made risk-on investors hesitant. On an eventful day, crypto news was mixed. As CoinDesk reported, venture capital powerhouses a16z led a $25 million Series A investment in Here Not There to build out Towns, a Web3 group chat protocol and app that lets online communities build blockchain-based gatherings in a fully decentralized way, and Pantera invested $10 million in Worldwide Webb, creator of a pixel art-based metaverse game. But Federal law enforcement authorities added to charges against Sam Bankman-Fried, the disgraced, former CEO of crypto exchange FTX, and NFT platform Dapper Labs said that it was laying off 20% of its employees less than four months after a 22% workforce cut. Stockcharts.com\'s De Kempenaer noted that the "risk appetite of the investor is increasing again." "Bitcoin and cryptocurrency in general could benefit on the back of that," he said. "And if you just look at what\'s happening in the crypto market, you see buyers coming in. They\'re willing to pay higher prices, sellers are holding on longer – they only want to sell at higher prices." Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +3.5% Computing Cosmos ATOM +1.6% Smart Contract Platform Ethereum ETH +1.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Avalanche AVAX −2.7% Smart Contract Platform Gala GALA −2.2% Entertainment Polygon MATIC −1.9% Smart Contract Platform Insights Bitcoin Funding Rates 10-Day Streak Reflects Investor Bullishness Funding rates for bitcoin were positive for the 10th consecutive day. Funding rates represent payments between holders of perpetual futures contracts. When the rate is positive, holders of long positions pay holders of short positions in order to remain on that side of the trade. When funding rates are negative, the opposite is the case, where shorts pay longs. In bitcoin’s case, funding rates have been positive every day since Jan. 14, with the exception of a neutral reading on Feb. 12. Investors holding long positions expect an asset’s value to increase, while those who are short an asset expect its value to decline. Persistently positive funding rates indicate that BTC traders currently view the asset favorably, and are willing to pay a fee to express their bullishness. (Glassnode) Important events 12:30 p.m. HKT/SGT(4:30 UTC) United States Core Personal Consumption Expenditures - Price Index (YoY/Jan) 12:30 p.m. HKT/SGT(4:30 UTC) United States Personal Income (MoM/Jan) 2:00 p.m. HKT/SGT(6:00 UTC) Michigan Consumer Sentiment Index (Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Kraken Exec on SEC Crackdown, Future of Staking; SEC Objects to Binance.US’ $1B Voyager Deal Kraken head of OTC options trading Juthica Chou discussed the exchange\'s settlement with the U.S. Securities and Exchange Commission (SEC). ETC Group co-CEO Bradley Duke broke down the markets. Plus, Bitfinex Securities head of operations Jesse Knutson discussed the future of tokenized securities. Plus, CoinDesk\'s Nik De broke down the latest details from the New York Attorney General\'s lawsuit against crypto exchange CoinEx. Headlines Coinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others : Base is built on Optimism and Coinbase has no plans to issue a new network token. Optimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform : The layer 2 network, called Base, won\'t have a native token. Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators, JPMorgan : JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said. Crypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring : The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B fundraising round last year. The SEC’s Crackdown on Ethereum Staking Has a Silver Lining : The SEC’s recent actions shut down centralization staking services, but not individual staking and decentralized staking services. That could increase decentralization and help restore crypto’s original mission.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin tossed and turned above and below $24K before settling over the threshold.\nInsights:Bitcoin funding rates have been positive for 10 consecutive days. Why should investors care?\nCoinDesk Market Index (CMI)\n1,118\n−2.1▼0.2%\nBitcoin (BTC)\n$24,052\n−101.1▼0.4%\nEthereum (ETH)\n$1,659\n+17.7▲1.1%\nS&P 500\n4,012.32\n+21.3▲0.5%\nGold\n$1,832\n+0.2▲0.0%\nNikkei 225\n27,104.32\n−368.8▼1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Shows Its Mettle in Rebounding Above $24K\nBitcoin spent Thursday in a fretfully, uncertain mood, teeter-tottering below and above $24,000 as investors continued to evaluate the U.S. Federal Reserve\'s ongoing dialogue about monetary policy and jobs data suggesting that inflation would remain problematic.\nThe largest cryptocurrency was recently trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. Still, analysts remain cautiously optimistic about BTC\'s prospects after watching it surge about 40% since the start of the year amid an improved, overall economic backdrop.\n"People feel that the worst may be over in terms of bad news that we had in the crypto sector last year, and that\'s why it\'s [bitcoin] more resilient," Bradley Duke, co-CEO of institutional-grade digital asset-back securities provider ETC Group, told CoinDesk\'s "First Mover" program.\nIn a separate CoinDesk TV interview, Julius de Kempenaer, senior technical analyst at research platform Stockcharts.com, said he was encouraged by bitcoin\'s ability to hold support first at $18,000 and than at higher levels in recent months, including its recent perch around $24,000. "As long as we remain around that level, where we now are – we can put in a low here and break through 25K – that is a signal to go up to that 30K area," de Kempenaer said.\nEther was recently changing hands at $1,659, up about 1.1%. Other major cryptos were flat, albeit tinted slightly red with AVAX, the token of base-layer network Avalanche Network, and MATIC, the token of layer 2 platform Polygon, dropping about 3% and 2.5%, respectively. OPT, the native crypto of layer 2 scaling tool Optimism, was up more than 6% hours after crypto exchange Coinbasesaidit was building its layer 2 blockchain using the OP Stack in collaboration with the protocol.\nTheCoinDesk Market Index (CMI), a measure of the digital asset market\'s performance, was down 0.2%.\nStocks rose with the S&P 500, which has a technology heavy component gaining 0.5% to break a four-day losing streak and the tech-focused Nasdaq and Dow Jones Industrial Average (DJIA) rising a few fractions of a percentage point. The Nasdaq took heart from semi conductor manufacturer Nvidia, which on Wednesday said it expected business to improve amid the euphoria about the ChatGPT artificial intelligence chat tool. AI tokenshave been surgingsince the public unveiling of chatbot ChatGPT and image generation software Dall-E in mid-2022.\nMeanwhile, the U.S. Labor Departmentreportedthat initial jobless claims for the week ending Feb. 18 fell by 3,000 to 192,000 but were below the consensus estimate of 200,000. Strong jobs data has been thorny for the U.S. Federal Reserve as it tries to reduce inflation from 6.4% to a target rate of 2%. The ongoing angst about high prices has made risk-on investors hesitant.\nOn an eventful day, crypto news was mixed. As CoinDesk reported, venture capital powerhouses a16z led a $25 million Series A investment in Here Not There to build out Towns, aWeb3group chat protocol and app that lets online communities build blockchain-based gatherings in a fully decentralized way, and Panterainvested$10 million in Worldwide Webb, creator of a pixel art-based metaverse game. But Federal law enforcement authoritiesaddedto charges against Sam Bankman-Fried, the disgraced, former CEO of crypto exchange FTX, and NFT platform Dapper Labssaidthat it was laying off 20% of its employees less than four months after a 22% workforce cut.\nStockcharts.com\'s De Kempenaer noted that the "risk appetite of the investor is increasing again."\n"Bitcoin and cryptocurrency in general could benefit on the back of that," he said. "And if you just look at what\'s happening in the crypto market, you see buyers coming in. They\'re willing to pay higher prices, sellers are holding on longer – they only want to sell at higher prices."\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+3.5%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22121.9%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Funding Rates 10-Day Streak Reflects Investor Bullishness\nFunding rates for bitcoin were positive for the 10th consecutive day.\nFunding rates represent payments between holders of perpetual futures contracts. When the rate is positive, holders of long positions pay holders of short positions in order to remain on that side of the trade.\nWhen funding rates are negative, the opposite is the case, where shorts pay longs. In bitcoin’s case, funding rates have been positive every day since Jan. 14, with the exception of a neutral reading on Feb. 12. Investors holding long positions expect an asset’s value to increase, while those who are short an asset expect its value to decline.\nPersistently positive funding rates indicate that BTC traders currently view the asset favorably, and are willing to pay a fee to express their bullishness.\n12:30 p.m. HKT/SGT(4:30 UTC)United States Core Personal Consumption Expenditures - Price Index (YoY/Jan)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Personal Income (MoM/Jan)\n2:00 p.m. HKT/SGT(6:00 UTC)Michigan Consumer Sentiment Index (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nKraken Exec on SEC Crackdown, Future of Staking; SEC Objects to Binance.US’ $1B Voyager Deal\nKraken head of OTC options trading Juthica Chou discussed the exchange\'s settlement with the U.S. Securities and Exchange Commission (SEC). ETC Group co-CEO Bradley Duke broke down the markets. Plus, Bitfinex Securities head of operations Jesse Knutson discussed the future of tokenized securities. Plus, CoinDesk\'s Nik De broke down the latest details from the New York Attorney General\'s lawsuit against crypto exchange CoinEx.\nCoinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others:Base is built on Optimism and Coinbase has no plans to issue a new network token.\nOptimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform:The layer 2 network, called Base, won\'t have a native token.\nCrypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators, JPMorgan:JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said.\nCrypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring:The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B fundraising round last year.\nThe SEC’s Crackdown on Ethereum Staking Has a Silver Lining:The SEC’s recent actions shut down centralization staking services, but not individual staking and decentralized staking services. That could increase decentralization and help restore crypto’s original mission.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin tossed and turned above and below $24K before settling over the threshold.\nInsights:Bitcoin funding rates have been positive for 10 consecutive days. Why should investors care?\nCoinDesk Market Index (CMI)\n1,118\n−2.1▼0.2%\nBitcoin (BTC)\n$24,052\n−101.1▼0.4%\nEthereum (ETH)\n$1,659\n+17.7▲1.1%\nS&P 500\n4,012.32\n+21.3▲0.5%\nGold\n$1,832\n+0.2▲0.0%\nNikkei 225\n27,104.32\n−368.8▼1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Shows Its Mettle in Rebounding Above $24K\nBitcoin spent Thursday in a fretfully, uncertain mood, teeter-tottering below and above $24,000 as investors continued to evaluate the U.S. Federal Reserve\'s ongoing dialogue about monetary policy and jobs data suggesting that inflation would remain problematic.\nThe largest cryptocurrency was recently trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. Still, analysts remain cautiously optimistic about BTC\'s prospects after watching it surge about 40% since the start of the year amid an improved, overall economic backdrop.\n"People feel that the worst may be over in terms of bad news that we had in the crypto sector last year, and that\'s why it\'s [bitcoin] more resilient," Bradley Duke, co-CEO of institutional-grade digital asset-back securities provider ETC Group, told CoinDesk\'s "First Mover" program.\nIn a separate CoinDesk TV interview, Julius de Kempenaer, senior technical analyst at research platform Stockcharts.com, said he was encouraged by bitcoin\'s ability to hold support first at $18,000 and than at higher levels in recent months, including its recent perch around $24,000. "As long as we remain around that level, where we now are – we can put in a low here and break through 25K – that is a signal to go up to that 30K area," de Kempenaer said.\nEther was recently changing hands at $1,659, up about 1.1%. Other major cryptos were flat, albeit tinted slightly red with AVAX, the token of base-layer network Avalanche Network, and MATIC, the token of layer 2 platform Polygon, dropping about 3% and 2.5%, respectively. OPT, the native crypto of layer 2 scaling tool Optimism, was up more than 6% hours after crypto exchange Coinbasesaidit was building its layer 2 blockchain using the OP Stack in collaboration with the protocol.\nTheCoinDesk Market Index (CMI), a measure of the digital asset market\'s performance, was down 0.2%.\nStocks rose with the S&P 500, which has a technology heavy component gaining 0.5% to break a four-day losing streak and the tech-focused Nasdaq and Dow Jones Industrial Average (DJIA) rising a few fractions of a percentage point. The Nasdaq took heart from semi conductor manufacturer Nvidia, which on Wednesday said it expected business to improve amid the euphoria about the ChatGPT artificial intelligence chat tool. AI tokenshave been surgingsince the public unveiling of chatbot ChatGPT and image generation software Dall-E in mid-2022.\nMeanwhile, the U.S. Labor Departmentreportedthat initial jobless claims for the week ending Feb. 18 fell by 3,000 to 192,000 but were below the consensus estimate of 200,000. Strong jobs data has been thorny for the U.S. Federal Reserve as it tries to reduce inflation from 6.4% to a target rate of 2%. The ongoing angst about high prices has made risk-on investors hesitant.\nOn an eventful day, crypto news was mixed. As CoinDesk reported, venture capital powerhouses a16z led a $25 million Series A investment in Here Not There to build out Towns, aWeb3group chat protocol and app that lets online communities build blockchain-based gatherings in a fully decentralized way, and Panterainvested$10 million in Worldwide Webb, creator of a pixel art-based metaverse game. But Federal law enforcement authoritiesaddedto charges against Sam Bankman-Fried, the disgraced, former CEO of crypto exchange FTX, and NFT platform Dapper Labssaidthat it was laying off 20% of its employees less than four months after a 22% workforce cut.\nStockcharts.com\'s De Kempenaer noted that the "risk appetite of the investor is increasing again."\n"Bitcoin and cryptocurrency in general could benefit on the back of that," he said. "And if you just look at what\'s happening in the crypto market, you see buyers coming in. They\'re willing to pay higher prices, sellers are holding on longer – they only want to sell at higher prices."\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+3.5%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22121.9%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin Funding Rates 10-Day Streak Reflects Investor Bullishness\nFunding rates for bitcoin were positive for the 10th consecutive day.\nFunding rates represent payments between holders of perpetual futures contracts. When the rate is positive, holders of long positions pay holders of short positions in order to remain on that side of the trade.\nWhen funding rates are negative, the opposite is the case, where shorts pay longs. In bitcoin’s case, funding rates have been positive every day since Jan. 14, with the exception of a neutral reading on Feb. 12. Investors holding long positions expect an asset’s value to increase, while those who are short an asset expect its value to decline.\nPersistently positive funding rates indicate that BTC traders currently view the asset favorably, and are willing to pay a fee to express their bullishness.\n12:30 p.m. HKT/SGT(4:30 UTC)United States Core Personal Consumption Expenditures - Price Index (YoY/Jan)\n12:30 p.m. HKT/SGT(4:30 UTC)United States Personal Income (MoM/Jan)\n2:00 p.m. HKT/SGT(6:00 UTC)Michigan Consumer Sentiment Index (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nKraken Exec on SEC Crackdown, Future of Staking; SEC Objects to Binance.US’ $1B Voyager Deal\nKraken head of OTC options trading Juthica Chou discussed the exchange\'s settlement with the U.S. Securities and Exchange Commission (SEC). ETC Group co-CEO Bradley Duke broke down the markets. Plus, Bitfinex Securities head of operations Jesse Knutson discussed the future of tokenized securities. Plus, CoinDesk\'s Nik De broke down the latest details from the New York Attorney General\'s lawsuit against crypto exchange CoinEx.\nCoinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others:Base is built on Optimism and Coinbase has no plans to issue a new network token.\nOptimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform:The layer 2 network, called Base, won\'t have a native token.\nCrypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators, JPMorgan:JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said.\nCrypto Analytics Firm Messari Cuts 15% of Workforce as Part of Restructuring:The crypto intelligence firm, which is led by Ryan Selkis, had closed a $35 million Series B fundraising round last year.\nThe SEC’s Crackdown on Ethereum Staking Has a Silver Lining:The SEC’s recent actions shut down centralization staking services, but not individual staking and decentralized staking services. That could increase decentralization and help restore crypto’s original mission.', 'Bitcoin was down and Ether was up on Friday morning in Asia, while most top 10 non-stablecoin cryptocurrencies by market capitalization fell. Polygon led losses after its block explorer crashed temporarily. U.S. equities ended Thursday higher despite the latest unemployment claims data coming in lower than expected.\nSee related article:Gate Group set to enter Hong Kong\n• Bitcoin fell 1.01% to US$23,945 in the 24 hours to 8 a.m. in Hong Kong, while it gained 1.37% over the past week, according toCoinMarketCap data. Ethereum inched up 0.46% to US$1,650, with a weekly gain of 0.66% over the last seven days.\n• Polygon fell 3.03% to US$1.35 with a weekly loss of 1.24%.Polygonscan, an online tool that allows users to browse Polygon blockchain data, went offline for a couple of hours on Thursday, raisingconcernsthat the Polygon network was shut down. Polygon told crypto media outletDecryptthat it had experienced no outage, and the issue was caused by a few nodes falling out of sync.\n• The total crypto market capitalization inched 0.05% higher to US$1.09 trillion, while the total trading volume fell by 4.05% over the past 24 hours to US$60.05 billion.\n• U.S. equities finished higher on Thursday, with the Dow Jones Industrial Average adding 0.33%, while the S&P 500 rose by 0.53% and the Nasdaq Composite Index gained 0.72%.\n• Unemployment benefits claims in the U.S. fell by 3,000 last week to 192,000, according to data released by the Department of Labor on Thursday. The number is lower than the 200,000 forecasted by economists polled byReuters. The unemployment claims data suggests that the Federal Reserve may consider raising interest rates higher than expected due to the persistently tight labor market. Rising unemployment claims is an indicator of cooling inflation.\n• The previous Fed meeting minutes released on Wednesday saw policymakers agreeing to slow down interest rate hikes but warning that the tightening cycle is not yet over.\n• The minutes revealed that some members were pushing for a 50 basis point rise in interest rates at the Fed’s previous meeting, when the central bank instead announced a 25 basis point rate hike to a targeted range of 4.5% to 4.75%, the highest level since October 2007.\n• Analysts at the financial derivatives exchange CME Group predict a roughly 75% chance that the Fed will raise rates by another 25 basis points at the next meeting on March 21.\n• January’s Personal Consumption Expenditures Price Index, another key inflation measure, will bereleased Fridayin the U.S.\nSee related article:SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case', 'Bitcoin was down and Ether was up on Friday morning in Asia, while most top 10 non-stablecoin cryptocurrencies by market capitalization fell. Polygon led losses after its block explorer crashed temporarily. U.S. equities ended Thursday higher despite the latest unemployment claims data coming in lower than expected.\nSee related article:Gate Group set to enter Hong Kong\n• Bitcoin fell 1.01% to US$23,945 in the 24 hours to 8 a.m. in Hong Kong, while it gained 1.37% over the past week, according toCoinMarketCap data. Ethereum inched up 0.46% to US$1,650, with a weekly gain of 0.66% over the last seven days.\n• Polygon fell 3.03% to US$1.35 with a weekly loss of 1.24%.Polygonscan, an online tool that allows users to browse Polygon blockchain data, went offline for a couple of hours on Thursday, raisingconcernsthat the Polygon network was shut down. Polygon told crypto media outletDecryptthat it had experienced no outage, and the issue was caused by a few nodes falling out of sync.\n• The total crypto market capitalization inched 0.05% higher to US$1.09 trillion, while the total trading volume fell by 4.05% over the past 24 hours to US$60.05 billion.\n• U.S. equities finished higher on Thursday, with the Dow Jones Industrial Average adding 0.33%, while the S&P 500 rose by 0.53% and the Nasdaq Composite Index gained 0.72%.\n• Unemployment benefits claims in the U.S. fell by 3,000 last week to 192,000, according to data released by the Department of Labor on Thursday. The number is lower than the 200,000 forecasted by economists polled byReuters. The unemployment claims data suggests that the Federal Reserve may consider raising interest rates higher than expected due to the persistently tight labor market. Rising unemployment claims is an indicator of cooling inflation.\n• The previous Fed meeting minutes released on Wednesday saw policymakers agreeing to slow down interest rate hikes but warning that the tightening cycle is not yet over.\n• The minutes revealed that some members were pushing for a 50 basis point rise in interest rates at the Fed’s previous meeting, when the central bank instead announced a 25 basis point rate hike to a targeted range of 4.5% to 4.75%, the highest level since October 2007.\n• Analysts at the financial derivatives exchange CME Group predict a roughly 75% chance that the Fed will raise rates by another 25 basis points at the next meeting on March 21.\n• January’s Personal Consumption Expenditures Price Index, another key inflation measure, will bereleased Fridayin the U.S.\nSee related article:SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case', 'Bitcoin was down and Ether was up on Friday morning in Asia, while most top 10 non-stablecoin cryptocurrencies by market capitalization fell. Polygon led losses after its block explorer crashed temporarily. U.S. equities ended Thursday higher despite the latest unemployment claims data coming in lower than expected. See related article: Gate Group set to enter Hong Kong Fast facts Bitcoin fell 1.01% to US$23,945 in the 24 hours to 8 a.m. in Hong Kong, while it gained 1.37% over the past week, according to CoinMarketCap data . Ethereum inched up 0.46% to US$1,650, with a weekly gain of 0.66% over the last seven days. Polygon fell 3.03% to US$1.35 with a weekly loss of 1.24%. Polygonscan , an online tool that allows users to browse Polygon blockchain data, went offline for a couple of hours on Thursday, raising concerns that the Polygon network was shut down. Polygon told crypto media outlet Decrypt that it had experienced no outage, and the issue was caused by a few nodes falling out of sync. The total crypto market capitalization inched 0.05% higher to US$1.09 trillion, while the total trading volume fell by 4.05% over the past 24 hours to US$60.05 billion. U.S. equities finished higher on Thursday, with the Dow Jones Industrial Average adding 0.33%, while the S&P 500 rose by 0.53% and the Nasdaq Composite Index gained 0.72%. Unemployment benefits claims in the U.S. fell by 3,000 last week to 192,000, according to data released by the Department of Labor on Thursday. The number is lower than the 200,000 forecasted by economists polled by Reuters . The unemployment claims data suggests that the Federal Reserve may consider raising interest rates higher than expected due to the persistently tight labor market. Rising unemployment claims is an indicator of cooling inflation. The previous Fed meeting minutes released on Wednesday saw policymakers agreeing to slow down interest rate hikes but warning that the tightening cycle is not yet over. The minutes revealed that some members were pushing for a 50 basis point rise in interest rates at the Fed’s previous meeting, when the central bank instead announced a 25 basis point rate hike to a targeted range of 4.5% to 4.75%, the highest level since October 2007. Analysts at the financial derivatives exchange CME Group predict a roughly 75% chance that the Fed will raise rates by another 25 basis points at the next meeting on March 21. January’s Personal Consumption Expenditures Price Index, another key inflation measure, will be released Friday in the U.S. See related article: SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case', 'Join the most important conversation in crypto and web3! Secure your seat today\nMetalpha Technology Holding Ltd (MATH), a wealth management company for cryptocurrencies, said on Friday it will work with Litecoin Foundation to develop sustainable mining solutions for the Litecoin ecosystem.\nThe Litecoin foundation is a nonprofit that maintains and develops products for the namesake blockchain.\nThe partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use, increasing energy efficiency and lowering carbon emissions from mining on the Litecoin Network.\nMetalpha will develop financial derivative products for LTC tokens, it also aims to support crypto miners with hedging products against market risk and to lower the environmental impact of crypto mining.\nHedging is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset.\nCrypto mining is a resource-intensive activity that relies on powerful computers to process and validate transactions for proof-of-work blockchains, such as Bitcoin and Litecoin. Miners receive the network’s tokens as a reward, which are typically sold on the open market to cover extensive costs and turn profits.\nHowever, a drop in crypto prices has lead to churn for miners as they are unable to convert the high costs. This is where hedging comes in, allowing miners to continue operations by generating money regardless of market movements.\nMeanwhile, Metalpha and Litecoin Foundation added they will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption and scalability.', 'Join the most important conversation in crypto and web3! Secure your seat today Metalpha Technology Holding Ltd (MATH), a wealth management company for cryptocurrencies, said on Friday it will work with Litecoin Foundation to develop sustainable mining solutions for the Litecoin ecosystem. The Litecoin foundation is a nonprofit that maintains and develops products for the namesake blockchain. The partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use, increasing energy efficiency and lowering carbon emissions from mining on the Litecoin Network. Metalpha will develop financial derivative products for LTC tokens, it also aims to support crypto miners with hedging products against market risk and to lower the environmental impact of crypto mining. Hedging is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset. Crypto mining is a resource-intensive activity that relies on powerful computers to process and validate transactions for proof-of-work blockchains, such as Bitcoin and Litecoin. Miners receive the network’s tokens as a reward, which are typically sold on the open market to cover extensive costs and turn profits. However, a drop in crypto prices has lead to churn for miners as they are unable to convert the high costs. This is where hedging comes in, allowing miners to continue operations by generating money regardless of market movements. Meanwhile, Metalpha and Litecoin Foundation added they will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption and scalability.', 'CoinShares International Limited 24 February 2023 | SAINT HELIER, Jersey - As announced on 30 December 2022, the Board of Directors of CoinShares International Limited (" CoinShares " or the " Company ") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022. The Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company. The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level): Date Number of shares acquired Lowest price paid (SEK) Highest price paid (SEK) Volume weighted average (SEK) 17 February 2023 776 32.10 32.60 32.46 20 February 2023 300 33.05 33.20 33.15 21 February 2023 1,570 33.10 33.70 33.47 22 February 2023 1,589 31.55 33.80 32.23 23 February 2023 1,641 32.75 33.50 33.17 5,876 All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company\'s holding of own shares as of 24 February 2023 amounts to 263,706 shares. The total number of shares in CoinShares amounts to 68,135,425. For a full break-down of repurchases made, please refer to the attached announcement. About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. Story continues For more information on CoinShares, please visit: https://coinshares.com Company\xa0| +44 (0)1534 513 100 | [email protected] Investor Relations | +44 (0)1534 513 100 | [email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 24 February 2023. Attachment 20230224 - Appendix to press release - share buy-back View comments', '24 February 2023 | SAINT HELIER, Jersey- As announced on 30 December 2022, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.\nThe Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company.\nThe share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").\nThe Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):\n[{"Date": "17 February 2023", "Number of shares acquired": "776", "Lowest price paid (SEK)": "32.10", "Highest price paid (SEK)": "32.60", "Volume weighted average (SEK)": "32.46"}, {"Date": "20 February 2023", "Number of shares acquired": "300", "Lowest price paid (SEK)": "33.05", "Highest price paid (SEK)": "33.20", "Volume weighted average (SEK)": "33.15"}, {"Date": "21 February 2023", "Number of shares acquired": "1,570", "Lowest price paid (SEK)": "33.10", "Highest price paid (SEK)": "33.70", "Volume weighted average (SEK)": "33.47"}, {"Date": "22 February 2023", "Number of shares acquired": "1,589", "Lowest price paid (SEK)": "31.55", "Highest price paid (SEK)": "33.80", "Volume weighted average (SEK)": "32.23"}, {"Date": "23 February 2023", "Number of shares acquired": "1,641", "Lowest price paid (SEK)": "32.75", "Highest price paid (SEK)": "33.50", "Volume weighted average (SEK)": "33.17"}, {"Date": "", "Number of shares acquired": "5,876", "Lowest price paid (SEK)": "", "Highest price paid (SEK)": "", "Volume weighted average (SEK)": ""}]\nAll share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company\'s holding of own shares as of 24 February 2023 amounts to 263,706 shares. The total number of shares in CoinShares amounts to 68,135,425.\nFor a full break-down of repurchases made, please refer to the attached announcement.\nAbout CoinShares\nCoinShares is Europe’s largest and leading digital asset investment and trading group, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark inno
**Last 60 Days of Bitcoin's Closing Prices:**
[16919.80, 16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-24
**Financial & Commodity Data:**
- Gold Closing Price: $1808.80
- Crude Oil Closing Price: $76.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,940,719,681
- Hash Rate: 262774152.6308686
- Transaction Count: 294562.0
- Unique Addresses: 695824.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A lawyer for FTX said Wednesday in a Federal bankruptcy hearing in Delaware that lawyers have located over $5 billion of cash, liquid cryptocurrency, and other liquid investments belonging to the company measured as of November 11, the date FTX filed for bankruptcy protection.
In a ruling from the bench, federal bankruptcy Judge John T. Dorsey granted FTX's motion to keep its customer's names under seal.
The $5 billion in newfound assets do not include crypto in custody with the Securities Commission of the Bahamas valued at approximately $425 million as of the company's petition date, the attorney added. "That position was valued at about $170 million at the end of 2022. It contains a large amount of FTT and is highly volatile," said Andrew Dietderich a partner at law firm Sullivan & Cromwell advising FTX.
FTX's total located assets were previously said to be around $1 billion on December 20,according to reporting from CoinDeskon what FTX's legal counsel said in a closed meeting with creditors.
The attorney said the FTX’s bankruptcy team is also, "underway on plans to monetize 300 other non-strategic investments with a book value of $4.6 billion."
The total amount of the shortfall between FTX's assets and the amount it owes customers and other creditors, however, is still "not yet clear," Dietderich added.
"We know what Alameda did with the money," Dietderich told the court about FTX's associated hedge fund that prosecutors have alleged illegally used FTX customer funds to carry out risky investments.
Dietderich also said the debtor bankruptcy team knows Bankman-Fried instructed FTX CTO Gary Wang to create the "Alameda backdoor." Previously mentioned in court filings, this secret feature allowed Alameda to borrow from customers on the exchange without their permission.
According to Dietderich, the size of Alameda's line of credit with FTX was $65 billion.
"It bought planes, houses, threw parties, made political donations, made personal loans to its founders. It sponsored the FTX Arena in Miami, a Formula One team, the League of Legends, Coachella, and many other businesses, events, and personalities. It gambled on cryptocurrency investments, often unsuccessfully."
Also at issue during Wednesday's hearing was whether names and personally identifying information of FTX’s 9 million customers should be kept confidential while the company works to reorganize or sell the troubled firm.
"I'm going to overrule the objections and allow [the names] to remain sealed at this point," Judge Dorsey said following arguments from several parties. "But I'm not going to leave it open for [six months]. I'm going to...approve an order that extended it for three months."
In court, Dietderich revealed the company had identified more than 9 million customer accounts with about 120 billion associated transactions.
Kevin Cofsky of Perella Weinberg Partners testified that FTX's customer lists, including both names and contact information, are a key company asset.
"A significant component of the business is the customers themselves," Cofsky told Judge Dorsey, reasoning that the company would maintain more value it could pass on to creditors and prospective buyers if customers are protected from poaching by industry competitors.
“That will give buyers confidence that…what they are buying has value,” Cofsky told Judge Dorsey.
In a declaration filed in the proceedings, Cofsky added that customers would not have anticipated their private information being disclosed, explaining that "a hallmark feature of cryptocurrency is a holder's ability to remain anonymous to the public."
In early December, a group of media organizations including Bloomberg L.P., Dow Jones, The New York Times Company, and The Financial Times filed a motion to intervene in the bankruptcy proceedings to reject the request of the debtors to keep FTX creditor names private. Media companies indicated in their arguments the public's right to access the names.
The U.S. Trustee joined in the news organizations' arguments that FTX's customer names should be made public, given that bankruptcy proceedings usually require disclosure of creditor names and addresses.
Wednesday's hearing follows a Tuesday court filing in the bankruptcy of crypto lender BlockFi in which creditors asked their personal information remain under seal. The U.S. Trustee has objected to the motion, arguing that "disclosure is the basic premise of bankruptcy." The issue will be covered in a January 17 hearing.
Customers of bankrupt crypto lender Celsius, which includes hundreds of thousands of retail investors, had their information published in a publicly available court record at the beginning of October.
The court will have a status hearing Jan. 20 on the matter.
Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action.\nMarket leaderBitcoin(BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according toCoinGecko.\nEthereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend.\nBeyond the market leaders, it was much of the same story across the board.\nPolygon(MATIC) posted one of the biggest dips, shedding 16.7% this week to trade at $1.27 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring.\nThe following day, Polygon users fell prey tofalse rumorsthat the blockchain had been down for two hours.\nPolygon later revealed that a few nodes on the network temporarily went out of sync, causing the outage of an independent chain explorer called Polygonscan. Since Polygonscan hadn’t updated with new Polygon blocks or transactions for a couple of hours, people mistakenly thought Polygon itself had stopped.\nLitecoin(LTC),Polkadot(DOT), and Cardano (ADA) also posted significant losses on the week, ranging from 8% to 9%.\nSolana(SOL) had spent most of last November and all of December in freefall because of its association with executives from the collapsed FTX exchange. Since New Year, it’s managed to stymie the losses, with the asset falling just 1% this week. It traded at $22.4 at the time of writing.\nThe main reasons SOL managedto hold the fortthis week were news of the upcoming migration of the Helium network to Solana and a marked increase in Solana NFT trading volumes.\nSimilarly, theUniswap(UNI) token held off the bears, dropping just 1.4% over the week and currently selling for $6.61.\nThe token’s resilience may be due to the fact that, as of Wednesday, users of Uniswap’s NFT market can now transact with UNI andany other Ethereum-based token.\nSince the downfall of several high-profile crypto companies last year includingTerra,Celsius,Three Arrows Capital, andFTX, crypto regulation has become a recurring talking point for regulators across the world.\nRegulators in Hong Kong, Canada, and in the United States were central to this week’s high-level crypto chat.\nOn Monday, Hong Kong’s Securities and Futures Commission (SFC) published aconsultation paperproposing "toallow all typesof investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators."\nThe proposal recommends conditions be met before retail investors can trade crypto—including knowledge and risk assessments, and potential caps to how much exposure traders can get. The Commission also recommends that only "large-cap virtual assets" be eligible for regulated trade.\nHong Kong’s Finance Secretary Paul Chan on Wednesday called Web3 a “golden opportunity” for the special administrative region and promised to “establish and lead a task force on VA [virtual assets] development, with members from relevant policy bureaux, financial regulators, and market participants, to provide recommendations on the sustainable and responsible development of the sector.”\nWeb3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary\nThat same day stateside, Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans\' rights to financial privacy.\nThe CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nThe following day, the Federal Reserveissueda new statement reminding banks of the risks of exposure to crypto. The Fed was joined in this warning by government agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC).\nAcross the border in Canada that day, the Canadian Securities Administrators (CSA)—comprising securities regulators from each of the 10 provinces and 3 territories in Canada—published a list of new requirements for crypto companies wishing to stay compliant.\nCrypto traders in Canada are nowprohibitedfrom allowing customers to buy or deposit "Value Referenced Crypto Assets" (VRCAs), aka stablecoins, without the CSA’s prior written consent, which in this case means issuers need to ensure that the stablecoin is fiat-backed.', 'It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action.\nMarket leaderBitcoin(BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according toCoinGecko.\nEthereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend.\nBeyond the market leaders, it was much of the same story across the board.\nPolygon(MATIC) posted one of the biggest dips, shedding 16.7% this week to trade at $1.27 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring.\nThe following day, Polygon users fell prey tofalse rumorsthat the blockchain had been down for two hours.\nPolygon later revealed that a few nodes on the network temporarily went out of sync, causing the outage of an independent chain explorer called Polygonscan. Since Polygonscan hadn’t updated with new Polygon blocks or transactions for a couple of hours, people mistakenly thought Polygon itself had stopped.\nLitecoin(LTC),Polkadot(DOT), and Cardano (ADA) also posted significant losses on the week, ranging from 8% to 9%.\nSolana(SOL) had spent most of last November and all of December in freefall because of its association with executives from the collapsed FTX exchange. Since New Year, it’s managed to stymie the losses, with the asset falling just 1% this week. It traded at $22.4 at the time of writing.\nThe main reasons SOL managedto hold the fortthis week were news of the upcoming migration of the Helium network to Solana and a marked increase in Solana NFT trading volumes.\nSimilarly, theUniswap(UNI) token held off the bears, dropping just 1.4% over the week and currently selling for $6.61.\nThe token’s resilience may be due to the fact that, as of Wednesday, users of Uniswap’s NFT market can now transact with UNI andany other Ethereum-based token.\nSince the downfall of several high-profile crypto companies last year includingTerra,Celsius,Three Arrows Capital, andFTX, crypto regulation has become a recurring talking point for regulators across the world.\nRegulators in Hong Kong, Canada, and in the United States were central to this week’s high-level crypto chat.\nOn Monday, Hong Kong’s Securities and Futures Commission (SFC) published aconsultation paperproposing "toallow all typesof investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators."\nThe proposal recommends conditions be met before retail investors can trade crypto—including knowledge and risk assessments, and potential caps to how much exposure traders can get. The Commission also recommends that only "large-cap virtual assets" be eligible for regulated trade.\nHong Kong’s Finance Secretary Paul Chan on Wednesday called Web3 a “golden opportunity” for the special administrative region and promised to “establish and lead a task force on VA [virtual assets] development, with members from relevant policy bureaux, financial regulators, and market participants, to provide recommendations on the sustainable and responsible development of the sector.”\nWeb3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary\nThat same day stateside, Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans\' rights to financial privacy.\nThe CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nThe following day, the Federal Reserveissueda new statement reminding banks of the risks of exposure to crypto. The Fed was joined in this warning by government agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC).\nAcross the border in Canada that day, the Canadian Securities Administrators (CSA)—comprising securities regulators from each of the 10 provinces and 3 territories in Canada—published a list of new requirements for crypto companies wishing to stay compliant.\nCrypto traders in Canada are nowprohibitedfrom allowing customers to buy or deposit "Value Referenced Crypto Assets" (VRCAs), aka stablecoins, without the CSA’s prior written consent, which in this case means issuers need to ensure that the stablecoin is fiat-backed.', "It’s the technology that dare not speak its name. Are you looking for NFTs on Reddit or Instagram? You’ll have much better luck searching for “ digital collectibles ” instead. Remember when blockchain was briefly sexy? The Bitcoin mining firm formerly known as Riot Blockchain recently rebranded itself as Riot Platforms. The World Economic Forum’s head of blockchain and digital assets, Brynly Llyr, has even suggested that the crypto space rebrand itself entirely around “decentralized systems.” “For a while, we definitely don't want to call them NFTs,” said NBA All-Star Baron Davis. His photo and video rights management platform, SLiC Images, is shunning any mention of the contentious technology. Crypto—and all its associated jargon—are now toxic words. Where once simply adding the word “blockchain” to your name increased your company’s valuation, now crypto, Web3, NFT and the rest of the buzzwords that conjured up images of a brave new world are, to paraphrase Charlie Munger, rat poison. Even the word “metaverse”–which was supposed to define the ultimate evolution of the decentralized web–was hijacked by Mark Zuckerberg in an attempt to pivot Facebook (with somewhat radioactive results ). After $177 Billion in Investment, Why Do Metaverse Graphics Still Suck? Though crypto is still front of mind for “a younger generation distinctly wary of non-traditional investments,” the industry needs a “judicious refocusing,” argued Katie Baron, head of retail at trends intelligence firm Stylus. “I do think these terms have become somewhat toxic—particularly crypto and NFTs—partly because the initial feeding frenzy was pitched as being synonymous with a brave new ultra-democratized world in which everyone could win big by investing in or making digital assets,” she added. For Dickon Laws, global head of innovation services at advertising agency Ogilvy, terms like “crypto” and “Web3” have become toxic not just because of the bad actors in the space, but because of “terrible product-market fit.” “Nobody has made Web3 relevant or accessible for the masses, or really spent the time trying to understand how it solves ‘mass’ market problems or improves consumers’ lives,” he said. Laws said that the crypto “gold rush” of the last few years didn’t take off with the masses because it failed to address problems that “your neighbors, family and friends, gym buddies, people you meet on a dog walk can understand and relate to.” Compounding the problem was the fact that brands and businesses “didn’t follow their usual due diligence when investing,” Laws said, meaning that they hadn’t made long-term plans to support their investment in blockchain technology. “So while lots of headlines were generated for ‘world first,’ they don’t have answers for their stakeholders on what their money was spent on and its impact, meaning that growth and ongoing investment–good money after bad–is a really tricky sell.” Story continues NFTs, in particular, when they weren’t being derided as environmental hazards (subsequently fixed with Ethereum’s move to proof of stake ) became associated with the more unsavory get-rich-quick scams that have plagued crypto. S.T.A.L.K.E.R. 2 Game Cancels Its NFT Plans After Backlash National Geographic abandoned its NFT plans following widespread criticism on social media, while the gaming industry has wrestled with a continued, consistent pushback from fans, with the publishers of titles including Worms and S.T.A.L.K.E.R. 2 forced to backtrack on plans to incorporate NFTs into their games. To rebrand or not? Thus far, the rebranding of NFTs to “digital collectible” seems to have been a success; millions of Reddit users have snapped up their “collectible avatars.” “Everyone says ‘digital collectible’ works,” said Alexandre Tsydenkov, founder of the NFT Paris conference. “Is it a better branding than NFT? I don't know.” Reddit Users Have Minted More Than 5 Million NFT Avatars on Polygon “Every six months people find a new word,” Tsydenkov added. “NFTs were a has-been, now it's the metaverse. But now Facebook is rebranding to Meta, so we need to change.” Before trying to rebrand NFTs as something else, he argues, the crypto space needs to wait until “things have calmed down, and maybe NFTs can be in the mainstream without people understanding what the NFTs are.” So should all crypto companies consider rebranding themselves and steering clear of using potentially off-putting words in their names? Katie Baron thinks it’s definitely worth considering: “I’d advocate for either contextualizing it in [your company’s] other comms, or removing it. A lot of the most compelling metaverse-building companies don’t include it—look at Journee or AnamXR. Blockchain especially—naming a company based on a shared, immutable ledger is a little un-sexy!” Yet some big names in the games industry are ignoring the pushback, and pressing ahead; NFT game Blankos Block Party recently launched on the Epic Games Store, while Final Fantasy publisher Square Enix is unapologetic about its adoption of blockchain technology, launching Symbiogenesis , an NFT game built on the Polygon blockchain, in February 2023. NFT Collectible Art Project SYMBIOGENESIS Untangle the Story Spring 2023 #SYMBIOGENESIS #symgeNFT #NFT #NFTProjects pic.twitter.com/Kk1JvMdQx4 — SYMBIOGENESIS (@symbiogenesisPR) November 3, 2022 Assassin’s Creed publisher Ubisoft is doubling down on blockchain—and shows no signs of stopping. Just this week, Ubisoft launched NFTs of its popular Rabbids franchise in metaverse game The Sandbox . “We understand where the sentiment towards the technology comes from, and we need to keep taking it into consideration every step of the way,” Didier Genevois, Ubisoft’s blockchain technical director, told Decrypt in a 2021 interview . He described the company’s blockchain push as an experiment that’s “meant to understand how the value proposition of decentralization can be received and embraced by our players.” Pressing ahead In the long run, what we call that technology won’t matter, claimed Martin Raymond, co-founder of futures consultancy The Future Laboratory. “I suspect that a lot of the reaction we're seeing is just a prejudice to the new,” Raymond said. “I think this happens with every innovation cycle or tech cycle; if you think about biotech, first time around it was a Frankenstein’s monster, next time around it’s saving the planet.” The Gartner Hype Cycle, a commonly-used measure of the adoption of new technologies. Image: Wikipedia Raymond argued that Web3 terms used don’t necessarily need rebranding. “I just think they need detoxifying,” he says. That’s a task for the advocates who use the technology, the journalists who write about it, and the finance and banking industry that aims to leverage the technology. Laws agreed. “Web3 is about as relevant to the average person as the term ‘HTML,'” he says. “It’s a crucial technological evolution but do we need to know what Web3 means, like most people need to know what HTML means?” Users don’t care if a tool is an app, dapp, NFT, smart contract, or IoT system. “What they care about is the benefit it brings,” he said. View comments", "It’s the technology that dare not speak its name.\nAre you looking forNFTson Reddit or Instagram? You’ll have much better luck searching for “digitalcollectibles” instead. Remember when blockchain was briefly sexy? The Bitcoin mining firm formerly known as Riot Blockchain recently rebrandeditselfas Riot Platforms. The World Economic Forum’s head of blockchain and digital assets, Brynly Llyr, has evensuggestedthat the crypto space rebrand itself entirely around “decentralized systems.”\n“For a while, we definitelydon'twant to call them NFTs,”saidNBA All-Star Baron Davis. His photo and video rights management platform, SLiC Images, is shunning any mention of the contentious technology.\nCrypto—and all its associated jargon—are now toxic words. Where once simplyadding the word “blockchain”to your name increased your company’s valuation, now crypto, Web3, NFT and the rest of the buzzwords that conjured up images of a brave new world are, toparaphraseCharlie Munger, rat poison.\nEven the word “metaverse”–which was supposed to define the ultimate evolution of the decentralized web–was hijacked by Mark Zuckerberg in anattemptto pivot Facebook (withsomewhat radioactive results).\nAfter $177 Billion in Investment, Why Do Metaverse Graphics Still Suck?\nThough crypto is still front of mind for “a younger generation distinctly wary of non-traditional investments,” the industry needs a “judicious refocusing,” argued Katie Baron, head of retail at trends intelligence firm Stylus.\n“I do think these terms have become somewhat toxic—particularly crypto and NFTs—partly because the initial feeding frenzy was pitched as being synonymous with a brave new ultra-democratized world in which everyone could win big by investing in or making digital assets,” she added.\nFor Dickon Laws, global head of innovation services at advertising agency Ogilvy, terms like “crypto” and “Web3” have become toxic not just because of the bad actors in the space, but because of “terrible product-market fit.”\n“Nobody has made Web3 relevant or accessible for the masses, or really spent the time trying to understand how it solves ‘mass’ market problems or improves consumers’ lives,” he said.\nLaws said that the crypto “gold rush” of the last few years didn’t take off with the masses because it failed to address problems that “your neighbors, family and friends, gym buddies, people you meet on a dog walk can understand and relate to.”\nCompounding the problem was the fact that brands and businesses “didn’t follow their usual due diligence when investing,” Laws said, meaning that they hadn’t made long-term plans to support their investment in blockchain technology. “So while lots of headlines were generated for ‘world first,’ they don’t have answers for their stakeholders on what their money was spent on and its impact, meaning that growth and ongoing investment–good money after bad–is a really tricky sell.”\nNFTs, in particular, when they weren’t beingderidedas environmental hazards (subsequentlyfixedwith Ethereum’smove to proof of stake) became associated with the more unsavory get-rich-quick scams that have plagued crypto.\nS.T.A.L.K.E.R. 2 Game Cancels Its NFT Plans After Backlash\nNational Geographicabandoned its NFT plansfollowing widespread criticism on social media, while the gaming industry has wrestled with a continued, consistent pushback from fans, with the publishers of titles includingWormsandS.T.A.L.K.E.R. 2forced to backtrack on plans to incorporate NFTs into their games.\nThus far, the rebranding of NFTs to “digital collectible” seems to have been a success;millions of Reddit usershave snapped up their “collectible avatars.”\n“Everyone says ‘digital collectible’ works,”saidAlexandre Tsydenkov, founder of the NFT Paris conference. “Is it a better branding than NFT? I don't know.”\nReddit Users Have Minted More Than 5 Million NFT Avatars on Polygon\n“Every six months people find a new word,” Tsydenkov added. “NFTs were a has-been, now it's the metaverse. But now Facebook is rebranding to Meta, so we need to change.” Before trying to rebrand NFTs as something else, he argues, the crypto space needs to wait until “things have calmed down, and maybe NFTs can be in the mainstream without people understanding what the NFTs are.”\nSo should all crypto companies consider rebranding themselves and steering clear of using potentially off-putting words in their names?\nKatie Baron thinks it’s definitely worth considering: “I’d advocate for either contextualizing it in [your company’s] other comms, or removing it. A lot of the most compelling metaverse-building companies don’t include it—look at Journee or AnamXR. Blockchain especially—naming a company based on a shared, immutable ledger is a little un-sexy!”\nYet some big names in the games industry are ignoring the pushback, and pressing ahead; NFT game Blankos Block Party recentlylaunchedon the Epic Games Store, while Final Fantasy publisher Square Enix isunapologeticabout its adoption of blockchain technology, launchingSymbiogenesis, an NFT game built on thePolygonblockchain, in February 2023.\nAssassin’s Creed publisher Ubisoft is doubling down on blockchain—and shows no signs of stopping. Just this week, Ubisoftlaunched NFTsof its popular Rabbids franchise inmetaversegameThe Sandbox. “We understand where the sentiment towards the technology comes from, and we need to keep taking it into consideration every step of the way,” Didier Genevois, Ubisoft’s blockchain technical director,toldDecryptin a 2021 interview.\nHe described the company’s blockchain push as an experiment that’s “meant to understand how the value proposition of decentralization can be received and embraced by our players.”\nIn the long run, what we call that technology won’t matter, claimed Martin Raymond, co-founder of futures consultancy The Future Laboratory.\n“I suspect that a lot of the reaction we're seeing is just a prejudice to the new,” Raymond said. “I think this happens with every innovation cycle or tech cycle; if you think about biotech, first time around it was a Frankenstein’s monster, next time around it’s saving the planet.”\nRaymond argued that Web3 terms used don’t necessarily need rebranding. “I just think they need detoxifying,” he says. That’s a task for the advocates who use the technology, the journalists who write about it, and the finance and banking industry that aims to leverage the technology.\nLaws agreed. “Web3 is about as relevant to the average person as the term ‘HTML,'” he says. “It’s a crucial technological evolution but do we need to know what Web3 means, like most people need to know what HTML means?”\nUsers don’t care if a tool is an app, dapp, NFT, smart contract, or IoT system. “What they care about is the benefit it brings,” he said.", "Welcome back toChain Reaction, a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto.\nFor this week’sepisode, I interviewed Alex Adelman, the co-founder and CEO of Lolli. Founded in 2018, Lolli is a bitcoin rewards app that lets people earn bitcoin or cash back when they shop online or in-person at over 10,000 stores like McDonald’s, Starbucks, Dunkin', CVS, Costco and so on. Adelman previously was on the team that built commerce gateway Cosmic, which was acquired by PopSugar in 2015 before ultimately folding into Ebates (now Rakuten) in 2017.\n“I’ve been selling bitcoin to merchants since 2013,” Adelman said. “So it wasn’t a new sell — for better or for worse, I was the bitcoin guy for a lot of Fortune 500 merchants.”\nLolli has grown significantly over the past few years, from partnering with less than 500 stores in its first few months to more than 10,000 stores to date. Adelman dived into the rewards system in the crypto ecosystem and how it has evolved over the years — and what the future holds for Lolli.\n“We’ve been talking about the future of loyalty and its involvement in crypto for a very long time,” Adelman said. “Now it’s coming to fruition.”\nThe episode also dived deep into the topic ofBitcoin NFTsandOrdinals, the latest craze for the community. We discussed whether Bitcoin NFTs are good for the ecosystem, how the technology can grow in the long term and possibilities for these digital inscriptions to potentially fit into Lolli’s business model.\n“I’m a big believer the best NFTs are memes that are going to last forever and art that’s going to last forever,” Adelman said. “When things have utility it has a finite value to it, opposed to an infinite belief it can be the next Mona Lisa. That’s the differentiator: We’ve been intentional about what has value.”\nIn the future, Adelman also thinks more artists and projects will launch on Bitcoin. “I think you’ll start to see Lightning marketplaces emerge where you can buy and sell Bitcoin NFTs probably within the next few months,” Adelman added. “Artists want to build in ecosystems where there’s liquidity, where there’s people to buy, and there’s no better ecosystem than Bitcoin.”\nChain Reaction comes out every other Thursday at 12:00 p.m. PT, so be sure to subscribe to us onApple Podcasts,Spotifyor your favorite pod platform to keep up with the action.", "Welcome back toChain Reaction, a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto.\nFor this week’sepisode, I interviewed Alex Adelman, the co-founder and CEO of Lolli. Founded in 2018, Lolli is a bitcoin rewards app that lets people earn bitcoin or cash back when they shop online or in-person at over 10,000 stores like McDonald’s, Starbucks, Dunkin', CVS, Costco and so on. Adelman previously was on the team that built commerce gateway Cosmic, which was acquired by PopSugar in 2015 before ultimately folding into Ebates (now Rakuten) in 2017.\n“I’ve been selling bitcoin to merchants since 2013,” Adelman said. “So it wasn’t a new sell — for better or for worse, I was the bitcoin guy for a lot of Fortune 500 merchants.”\nLolli has grown significantly over the past few years, from partnering with less than 500 stores in its first few months to more than 10,000 stores to date. Adelman dived into the rewards system in the crypto ecosystem and how it has evolved over the years — and what the future holds for Lolli.\n“We’ve been talking about the future of loyalty and its involvement in crypto for a very long time,” Adelman said. “Now it’s coming to fruition.”\nThe episode also dived deep into the topic ofBitcoin NFTsandOrdinals, the latest craze for the community. We discussed whether Bitcoin NFTs are good for the ecosystem, how the technology can grow in the long term and possibilities for these digital inscriptions to potentially fit into Lolli’s business model.\n“I’m a big believer the best NFTs are memes that are going to last forever and art that’s going to last forever,” Adelman said. “When things have utility it has a finite value to it, opposed to an infinite belief it can be the next Mona Lisa. That’s the differentiator: We’ve been intentional about what has value.”\nIn the future, Adelman also thinks more artists and projects will launch on Bitcoin. “I think you’ll start to see Lightning marketplaces emerge where you can buy and sell Bitcoin NFTs probably within the next few months,” Adelman added. “Artists want to build in ecosystems where there’s liquidity, where there’s people to buy, and there’s no better ecosystem than Bitcoin.”\nChain Reaction comes out every other Thursday at 12:00 p.m. PT, so be sure to subscribe to us onApple Podcasts,Spotifyor your favorite pod platform to keep up with the action.", "Welcome back to Chain Reaction , a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto. For this week\x92s episode , I interviewed Alex Adelman, the co-founder and CEO of Lolli. Founded in 2018, Lolli is a bitcoin rewards app that lets people earn bitcoin or cash back when they shop online or in-person at over 10,000 stores like McDonald\x92s, Starbucks, Dunkin', CVS, Costco and so on. Adelman previously was on the team that built commerce gateway Cosmic, which was acquired by PopSugar in 2015 before ultimately folding into Ebates (now Rakuten) in 2017. \x93I\x92ve been selling bitcoin to merchants since 2013,\x94 Adelman said. \x93So it wasn\x92t a new sell \x97 for better or for worse, I was the bitcoin guy for a lot of Fortune 500 merchants.\x94 Lolli has grown significantly over the past few years, from partnering with less than 500 stores in its first few months to more than 10,000 stores to date. Adelman dived into the rewards system in the crypto ecosystem and how it has evolved over the years \x97 and what the future holds for Lolli. \x93We\x92ve been talking about the future of loyalty and its involvement in crypto for a very long time,\x94 Adelman said. \x93Now it\x92s coming to fruition.\x94 The episode also dived deep into the topic of Bitcoin NFTs and Ordinals , the latest craze for the community. We discussed whether Bitcoin NFTs are good for the ecosystem, how the technology can grow in the long term and possibilities for these digital inscriptions to potentially fit into Lolli\x92s business model. \x93I\x92m a big believer the best NFTs are memes that are going to last forever and art that\x92s going to last forever,\x94 Adelman said. \x93When things have utility it has a finite value to it, opposed to an infinite belief it can be the next Mona Lisa. That\x92s the differentiator: We\x92ve been intentional about what has value.\x94 In the future, Adelman also thinks more artists and projects will launch on Bitcoin. \x93I think you\x92ll start to see Lightning marketplaces emerge where you can buy and sell Bitcoin NFTs probably within the next few months,\x94 Adelman added. \x93Artists want to build in ecosystems where there\x92s liquidity, where there\x92s people to buy, and there\x92s no better ecosystem than Bitcoin.\x94 Chain Reaction comes out every other Thursday at 12:00 p.m. PT, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.", "London, United Kingdom - ( NewMediaWire ) - February 25, 2023 - TRON HETRX, a subsidiary of Tron Limited, a UK-registered company with headquarters in London, has announced the launch of its new cloud mining platform. The platform, which was registered with the UK government in 2022, offers users an opportunity to generate cost effective way of mining bitcoins and other crypto currencies. The company is excited to introduce TRON HETRX to the market. The platform facilitates its users with a simple way to engage with financial asset management in cryptocurrency mining. Decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of services for individuals, developers, and institutions. TRON HETRX offers a trustworthy and convenient way for users to participate in cloud mining processes flawlessly. DeFi developers, financial protocols and Cloud mining platforms run exactly as programmed that are available to anyone with an Internet connection. The breakthrough of DeFi is that crypto assets can now be put to use in ways not possible with real world assets. The Cloud mining platform also supports a wide range of encrypted currencies, including TRX, ETH, BNB, DOGE, BTC, USDT (TRC20, ERC20, BEP20), and other encrypted currency deposits. Users can make deposits and withdrawals without any handling fee. TRON HETRX also provides a bounty program for users who invite their friends to join the platform. Referrers can also join their friends' deposits as a rebate. Consequently, to take advantage of these services, users can simply visit the registration page using invitation code 497967 to complete the sign-up process. Registration link: https://hetrx.me/index.html#/register/497967 About the Company - TRON HETRX: TRON HETRX is a newly developed crypto platform with its headquarters in London, England. The company is committed to accelerating the decentralization of the internet through its technology and ecosystem of decentralized applications (dApps) change. Story continues Furthermore, TRON HETRX is introducing a new cloud mining option called The Mining Cycle Model to celebrate their 10 million partners. Potential users can visit the following website for further information: https://hetrx.me/pc.html Media Contact: Company Name: TRON HETRX Contact Person: Da Phne Email: [email protected] Website: https://hetrx.me/ City: London Country: United Kingdom PR Contact: King NewsWire", "London, United Kingdom - ( NewMediaWire ) - February 25, 2023 - TRON HETRX, a subsidiary of Tron Limited, a UK-registered company with headquarters in London, has announced the launch of its new cloud mining platform. The platform, which was registered with the UK government in 2022, offers users an opportunity to generate cost effective way of mining bitcoins and other crypto currencies. The company is excited to introduce TRON HETRX to the market. The platform facilitates its users with a simple way to engage with financial asset management in cryptocurrency mining. Decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of services for individuals, developers, and institutions. TRON HETRX offers a trustworthy and convenient way for users to participate in cloud mining processes flawlessly. DeFi developers, financial protocols and Cloud mining platforms run exactly as programmed that are available to anyone with an Internet connection. The breakthrough of DeFi is that crypto assets can now be put to use in ways not possible with real world assets. The Cloud mining platform also supports a wide range of encrypted currencies, including TRX, ETH, BNB, DOGE, BTC, USDT (TRC20, ERC20, BEP20), and other encrypted currency deposits. Users can make deposits and withdrawals without any handling fee. TRON HETRX also provides a bounty program for users who invite their friends to join the platform. Referrers can also join their friends' deposits as a rebate. Consequently, to take advantage of these services, users can simply visit the registration page using invitation code 497967 to complete the sign-up process. Registration link: https://hetrx.me/index.html#/register/497967 About the Company - TRON HETRX: TRON HETRX is a newly developed crypto platform with its headquarters in London, England. The company is committed to accelerating the decentralization of the internet through its technology and ecosystem of decentralized applications (dApps) change. Story continues Furthermore, TRON HETRX is introducing a new cloud mining option called The Mining Cycle Model to celebrate their 10 million partners. Potential users can visit the following website for further information: https://hetrx.me/pc.html Media Contact: Company Name: TRON HETRX Contact Person: Da Phne Email: [email protected] Website: https://hetrx.me/ City: London Country: United Kingdom PR Contact: King NewsWire", 'As one of the most popular sports in the world, basketball attracts sponsors from all business verticals. If you check the list with fast payout casinos , you will probably notice some very familiar brands. How come? Well, some of them invested heavily in sports deals in order to raise brand awareness. The ultimate goal is to promote the services of a given casino. It’s a way for gambling operators to attract more clients in the long run. You can even read a full guide by AustraliaCasinoReviews to learn about the most agile companies in this field. But basketball sponsorships extend far beyond gambling. In this post, we will show you the most notable deal in the history of this beautiful sport. Let’s check it out! The ultimate deal-maker: Michael Jordan A partnership between Nike and Michael Jordan is by far the most important of all. Jordan is the most iconic basketball player in history, and his partnership with Nike helped elevate both the athlete and the brand to new heights. Here’s how it all went: – In 1984, Nike signed a five-year deal with Jordan for $500 thousand per year – Together, they created the Air Jordan line of sneakers – The Air Jordan line was an instant success – It helped grow Nike’s revenue from $800 million to $3.7 billion in just ten years The Air Jordan line is still going strong today, with new releases each year and collectors around the world clamoring to get their hands on limited-edition sneakers. Jordan’s partnership with Nike helped him become a cultural icon, and it solidified Nike’s position as a leader in the sneaker market. While the Nike-Jordan partnership is undoubtedly the most famous basketball sponsorship in history, there have been many other significant partnerships over the years. For example, the NBA has a long-standing partnership with Gatorade, which has helped the sports drink brand become synonymous with basketball. Story continues The Gatorade sponsorship The two organizations have collaborated on a range of initiatives over the last few decades, including the development of new products and the promotion of a healthy and active lifestyle. The partnership between the NBA and Gatorade is a natural fit, as both organizations share a commitment to excellence and a passion for sports. Here’s why: – Gatorade’s products are designed to help athletes perform at their best – The NBA features some of the most talented and dedicated athletes in the world One of the key initiatives of the partnership is the Gatorade League (G-League), the official minor league of the NBA. Gatorade became the title sponsor of the league in 2017, and since then, the league has been known as the NBA G League. The partnership has helped elevate the profile of the G-League and has helped provide opportunities for young players to develop their skills and potentially make it to the NBA. The two organizations have also worked on a range of marketing initiatives. That includes the “Gatorade Performance Package.” It’s a set of tools and resources designed to help athletes improve their performance on the court. The package includes customized hydration plans, nutritional advice, and access to Gatorade’s cutting-edge products. NBA and crypto companies A report shows that cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021/22 season. The NBA has been embracing cryptocurrency companies as sponsors, reflecting the growing interest in blockchain technology and cryptocurrency. The first NBA team to announce a partnership with a cryptocurrency company was the Dallas Mavericks in 2019 when they partnered with BitPay to allow fans to purchase tickets and merchandise with Bitcoin. Since then, several other teams and the NBA itself have announced partnerships with cryptocurrency companies: – Sacramento Kings – Cleveland Cavaliers – Miami Heat The NBA also recently announced a partnership with Crypto.com, a leading cryptocurrency exchange, to become the league’s official cryptocurrency platform. The partnership with Crypto.com allows fans to buy and sell NBA Top Shot digital collectibles, which are essentially highlights of iconic moments in NBA history. The NBA Top Shot marketplace has been a huge success, with some digital collectibles selling for hundreds of thousands of dollars. The partnership with Crypto.com allows fans to use cryptocurrency to buy and sell these collectibles. What’s next? As you can see, the NBA attracts a lot of different companies and investors. But what does the future bring? No one can say for sure, but we have our favorites (and some of them even come from the football betting world): Esports companies : The NBA has already entered the space with the NBA 2K League. We will probably see more esports companies in this field, especially as the league continues to expand its esports presence. Social media companies : Social media has become an essential part of how people consume sports. If you know that the NBA has a massive social media following, it’s easy to see the two getting closer to each other. Sustainable energy companies : The NBA has been increasingly focused on promoting sustainability and reducing its carbon footprint. Gaming and gambling companies : Sports betting continue evolving, so it’s possible that we’ll end up seeing gambling companies as basketball sponsors . No matter what happens, one thing is clear – NBA will never run out of sponsors! Story originally appeared on Mountain West Wire', 'As one of the most popular sports in the world, basketball attracts sponsors from all business verticals. If you check the list with fast payout casinos , you will probably notice some very familiar brands. How come? Well, some of them invested heavily in sports deals in order to raise brand awareness. The ultimate goal is to promote the services of a given casino. It’s a way for gambling operators to attract more clients in the long run. You can even read a full guide by AustraliaCasinoReviews to learn about the most agile companies in this field. But basketball sponsorships extend far beyond gambling. In this post, we will show you the most notable deal in the history of this beautiful sport. Let’s check it out! The ultimate deal-maker: Michael Jordan A partnership between Nike and Michael Jordan is by far the most important of all. Jordan is the most iconic basketball player in history, and his partnership with Nike helped elevate both the athlete and the brand to new heights. Here’s how it all went: – In 1984, Nike signed a five-year deal with Jordan for $500 thousand per year – Together, they created the Air Jordan line of sneakers – The Air Jordan line was an instant success – It helped grow Nike’s revenue from $800 million to $3.7 billion in just ten years The Air Jordan line is still going strong today, with new releases each year and collectors around the world clamoring to get their hands on limited-edition sneakers. Jordan’s partnership with Nike helped him become a cultural icon, and it solidified Nike’s position as a leader in the sneaker market. While the Nike-Jordan partnership is undoubtedly the most famous basketball sponsorship in history, there have been many other significant partnerships over the years. For example, the NBA has a long-standing partnership with Gatorade, which has helped the sports drink brand become synonymous with basketball. Story continues The Gatorade sponsorship The two organizations have collaborated on a range of initiatives over the last few decades, including the development of new products and the promotion of a healthy and active lifestyle. The partnership between the NBA and Gatorade is a natural fit, as both organizations share a commitment to excellence and a passion for sports. Here’s why: – Gatorade’s products are designed to help athletes perform at their best – The NBA features some of the most talented and dedicated athletes in the world One of the key initiatives of the partnership is the Gatorade League (G-League), the official minor league of the NBA. Gatorade became the title sponsor of the league in 2017, and since then, the league has been known as the NBA G League. The partnership has helped elevate the profile of the G-League and has helped provide opportunities for young players to develop their skills and potentially make it to the NBA. The two organizations have also worked on a range of marketing initiatives. That includes the “Gatorade Performance Package.” It’s a set of tools and resources designed to help athletes improve their performance on the court. The package includes customized hydration plans, nutritional advice, and access to Gatorade’s cutting-edge products. NBA and crypto companies A report shows that cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021/22 season. The NBA has been embracing cryptocurrency companies as sponsors, reflecting the growing interest in blockchain technology and cryptocurrency. The first NBA team to announce a partnership with a cryptocurrency company was the Dallas Mavericks in 2019 when they partnered with BitPay to allow fans to purchase tickets and merchandise with Bitcoin. Since then, several other teams and the NBA itself have announced partnerships with cryptocurrency companies: – Sacramento Kings – Cleveland Cavaliers – Miami Heat The NBA also recently announced a partnership with Crypto.com, a leading cryptocurrency exchange, to become the league’s official cryptocurrency platform. The partnership with Crypto.com allows fans to buy and sell NBA Top Shot digital collectibles, which are essentially highlights of iconic moments in NBA history. The NBA Top Shot marketplace has been a huge success, with some digital collectibles selling for hundreds of thousands of dollars. The partnership with Crypto.com allows fans to use cryptocurrency to buy and sell these collectibles. What’s next? As you can see, the NBA attracts a lot of different companies and investors. But what does the future bring? No one can say for sure, but we have our favorites (and some of them even come from the football betting world): Esports companies : The NBA has already entered the space with the NBA 2K League. We will probably see more esports companies in this field, especially as the league continues to expand its esports presence. Social media companies : Social media has become an essential part of how people consume sports. If you know that the NBA has a massive social media following, it’s easy to see the two getting closer to each other. Sustainable energy companies : The NBA has been increasingly focused on promoting sustainability and reducing its carbon footprint. Gaming and gambling companies : Sports betting continue evolving, so it’s possible that we’ll end up seeing gambling companies as basketball sponsors . No matter what happens, one thing is clear – NBA will never run out of sponsors! Story originally appeared on Mountain West Wire', 'To paraphrase a famous Mark Twain quote, reports of the death of cryptocurrencies have been greatly exaggerated. In fact, crypto has been on a red-hot run so far in 2023, outperforming most other asset classes , including stocks. In 2023, the price of Bitcoin ( BTC-USD ), the biggest cryptocurrency by market capitalization, is up 40%. At the start of December, following the spectacular $8 billion implosion of FTX, a crypto exchange, Bitcoin was trading under $16,000; now it’s changing hands for just over $23,000. Other digital coins and tokens have also had strong rallies since the start of January. While some market observers attempt to dismiss the current bull run, others say it is a clear sign that investors’ appetite for risk has returned and that cryptocurrencies aren’t going away anytime soon. In fact, many analysts see the rebound of digital coins and tokens as a clear sign of their resiliency in the wake of an industry shakeout during the second half of 2022. Whatever the reason, there’s no denying that cryptocurrencies are once again marching higher. Here are three underdog cryptos to buy to win big in 2023. ETH Ethereum $1,617 ADA Cardano 35.9 cents TRX Tron 6.9 cents Ethereum (ETH) A concept image of mining an Ethereum (ETH) token. Source: Shutterstock Ethereum ( ETH-USD ) is typically thought of as the other cryptocurrency besides Bitcoin. The second-largest crypto by market cap, Ethereum often plays second fiddle to the larger BTC, which tends to serve as a bellwether for the entire market of digital coins and tokens. Yet many crypto bulls claim that Ethereum has a brighter future than Bitcoin and that it is ETH that will prove to be the long-term winner when it comes to the future of the sector. Many crypto purists favor Ethereum because, they say, it helps to facilitate decentralized financial (DeFi) transactions and has more utility than Bitcoin. They also point to the fact that ETH is now more environmentally friendly than BTC after it underwent a transformation last September to a more energy-efficient proof-of-stake protocol . Today mining for Ethereum takes a fraction of the energy consumed when mining for Bitcoin and other cryptos. This, say Ethereum fans, will make all the difference moving forward. Story continues InvestorPlace - Stock Market News, Stock Advice & Trading Tips More upgrades and enhancements to Ethereum are scheduled for this year. And those enhancements could serve as a catalyst for ETH. Over the past year, Ethereum’s price has declined 43%. However, the crypto has been on a run so far in 2023, rising over 30%. Cardano (ADA) A concept token for Cardano with a trading chart in the background. Source: Shutterstock Another crypto that has been ripping higher this year is Cardano ( ADA-USD ). Through almost two months of the year, ADA has gained 46%. While the current price is far below Cardano’s market peak of $2.85 reached in August 2021, its recovery so far this year has been cheered by investors and analysts , many of whom see Cardano as a dark horse in the race for crypto supremacy. Cardano competes head-to-head against Ethereum in the realm of DeFi and smart contracts. Cardano’s underlying blockchain technology was given a boost in late 2021 when it completed the Alonzo hard fork . Fans say that the hard-fork upgrade puts Cardano on equal footing with Ethereum, though investors can purchase ADA for a fraction of the cost of a single ETH token. Proponents of Cardano recently cheered news that the crypto had surpassed 60 million blockchain transactions . Tron (TRX) Digital data flow on road with motion blur to create vision of fast speed transf
**Last 60 Days of Bitcoin's Closing Prices:**
[16717.17, 16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-25
**Financial & Commodity Data:**
- Gold Closing Price: $1808.80
- Crude Oil Closing Price: $76.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,714,856,400
- Hash Rate: 227840889.7787333
- Transaction Count: 258413.0
- Unique Addresses: 626600.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Sam Bankman-Fried, the disgraced former chief of FTX, denied stashing away billions of dollars and gave his take on what happened to his bankrupt crypto exchange in a lengthy new post on Substack published Thursday. This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving into what happened in today's crypto markets. Subscribe to get it in your inbox every day . He denied stealing funds and claimed FTX and sister company Alameda Research collapsed because of the crypto market meltdown and inadequate hedging on Alameda’s part. “I didn’t steal funds, and I certainly didn’t stash billions away,” Bankman-Fried wrote. Later in the post he concluded that “Alameda lost money due to a market crash it was not adequately hedged for.” While alleging the trading firm "failed to sufficiently hedge its market exposure," he also said he "hasn't run Alameda for the last few years." Bankman-Fried faces numerous federal charges including conspiracy to commit fraud, and is now free on bail at his parents’ home in California. He has pleaded not guilty to the charges, but his lieutenant and Alameda chief Caroline Ellison pleaded guilty to fraud charges and is now cooperating with an investigation with the U.S. Attorney for the Southern District of New York. While casting the blame of FTX's downfall on Alameda's poor hedging , Bankman-Fried notably didn't address the $65 billion line of credit he opened from the exchange to the trading arm , as revealed in a court hearing on Wednesday. At the hearing, a lawyer representing FTX in its Chapter 11 bankruptcy proceedings said the credit line has led to a "shortfall in value" in repaying customers and creditors. Token Roundup (CoinDesk and highcharts.com) Bitcoin ( BTC ): The largest cryptocurrency by market value briefly topped $19,000 Thursday – rising 8% for the day and reaching its highest level since the FTX-crash-induced market sharp downturn in early November. Crypto-related stocks even made larger gains as the rally in the sector continued. BTC slid earlier in the day after the latest U.S. Consumer Price Index (CPI) report showed that inflation slowed down last month before experiencing a quick surge in the afternoon trading hours (ET). It had settled back to $18,800 as of publication time. Story continues Equities closed higher Thursday following the positive inflation data: Both the tech-heavy Nasdaq Composite and Dow Jones Industrial Average (DJIA) were up 0.6%, while the S&P 500 was up 0.3%. Ether ( ETH ): The second-largest cryptocurrency recently followed BTC’s direction, rising 6% for the day to trade around $1,427 as of press time. As Ethereum’s upcoming Shanghai upgrade approaches in spring, data from Etherscan shows that more than 16 million ETH have been deposited into Ethereum’s Beacon Chain staking contract as of Thursday, representing over $22 billion at current prices. Latest Prices CoinDesk Market Index (CMI) 911.03 +54.7 ▲ 6.4% Bitcoin (BTC) $18,832 +1304.2 ▲ 7.4% Ethereum (ETH) $1,424 +82.2 ▲ 6.1% S&P 500 daily close 3,983.17 +13.6 ▲ 0.3% Gold $1,900 +25.6 ▲ 1.4% Treasury Yield 10 Years 3.45% ▼ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Crypto Market Analysis: Inflation Cools, but Hopes for Fed Pivot Might Be Too Hot By Glenn Williams Jr. Bitcoin and ether responded positively to the release of December inflation data, with prices fluctuating as the day progressed. BTC’s hourly chart shows a sharp uptick in trading volume during the hour of the announcement. Most telling in that hour of trading is the momentary decline in prices, implying that some traders viewed the inflation data as an opportunity to take profits. ETH’s hourly chart shows almost identical price behavior, with a slight increase upon release of the report, followed by a price decline in the following hour. Probabilities that the Federal Reserve will raise interest rates by 25 basis points in February rose to 96% from 77% a day prior. Verbally this could be categorized as a shift from highly likely … to really, highly likely. Traders are reducing their bets on a more aggressive hike of 50 basis points. But the federal funds futures curve implies that interest rates will increase to near 5% before pivoting lower in the second or third quarter of 2023. This remains largely unchanged – a sign that while the Fed might slow the pace of hikes, it will stay in hiking mode for quite a while. Bitcoin 1/12/23 (TradingView) Read the full technical take here. Trending Post Listen 🎧: Today’s "CoinDesk Markets Daily" podcast discusses the latest market movements and a look at the right thing to do with money tied to FTX. Short Traders Suffer $200M in Losses as Ether, Cardano Lead Crypto Majors' Gains Crypto Lender Genesis Owes Creditors Over $3B: FT After FTX, Crypto Companies No Longer Have ‘Benefit of the Doubt’ on Capitol Hill, Says Congressman Crypto Brokerage Blockchain.com Lays Off 28% of Workforce as Industry's Cruel Winter Continues Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations Cathie Wood's ARK Adds Nearly $3.3M Shares of Coinbase...
- Reddit Posts (Sample): [['u/millywyco', 'MW Wyco Friday Inventory Update! 1st 20 Orders get an Unlisted Syringe, 3 Coupon Codes for $50 Off to Find, Orders Ending in 4 get a FREE PE Hybrid and Orders Ending in 24 are FREE! NEW This Week: Roatan Honduras and Ban Hua Thanon! Restocked AA+, APEr, B+, PESA, Tidalwave, Natalensis and More!', 43, '2023-02-25 00:16', 'https://www.reddit.com/r/Millywyco/comments/11b57kl/mw_wyco_friday_inventory_update_1st_20_orders_get/', '[www.millywyco.com](https://www.millywyco.com/) is the place to get the things!\n\n[REVIEWS!](https://www.reddit.com/r/MWReviews/) <<Leave one to get 20 rewards points to redeem in the [POINTS SHOP](https://millywyco.com/points-shop/) or verify I\'m not a professional scammer! [CHECK YOUR POINT BALANCE](https://millywyco.com/my-account/) while you\'re at it!\n\nCredit/Debit, PayPal, Cash App, Venmo, Zelle, Apple Pay, Google Pay, Bitcoin and Amazon Gift Cards (US ONLY). Cash by mail also accepted :)\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA but boy howdy laws are a changin\'! Shouldn\'t be long at all.**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**\n\nWelcome back, [mushroom](https://www.youtube.com/watch?v=n9TCKOHzqoA) lovers!\n\nAnother busy busy week here at the [Kamikaze Mushroom Palace](https://www.youtube.com/watch?v=SyivnRr-zdY)! Before I get into the good stuffs and irrelevant ramblings, I want to double and triple confirm that ALL orders placed and paid for up to today have been shipped! I know earlier in the week, everything I dropped off didn\'t get scanned in by USPS, so it\'s still showing that I printed the label and they are not in possession of the parcel, but the results came in and determined that was a lie! Thankfully, when it does scan at the next facility on the way to you, it usually shows where it has been previously with a time stamp so you know I wasn\'t lying about when it got to them :) If you\'d like to send me an email to confirm yours did indeed ship, I wouldn\'t hate ya for it! I know what that anticipation is like.\n\nAnd for the newer guys and dolls out there, you can check the status of an order on your account on the website. "On Hold" means I have not yet marked your order as being paid. I have to do this manually, so that doesn\'t necessarily mean you actually haven\'t paid yet, but I update this several times a day. If you\'re seeing "on hold" and it\'s been a day since you paid, feel free to hit me up to be sure I didn\'t miss something! "Processing" means just that...it\'s processing. You\'ve paid, but it hasn\'t shipped yet. Soon after this status, you\'ll see "completed" which means it\'s on the way and officially in USPS hands, where I have no control.\n\nI ended up getting behind on emails and chat messages this past week, trying to keep up with orders and demand. It\'s the worst feeling knowing I had some of you waiting in my inbox for a reply, so I delayed the post until today to get caught up. The results came back and that was the truth! If your email landed in spam or I\'m just a jerk and didn\'t get back to you about anything, please remind me! And if I made any awesome promises and didn\'t deliver, let me know! I always have this feeling that I forgot to send something out and I\'ve been rather good about writing things down and NOT relying on my memory, but I\'m sure I miss things here and there. Totally unintentional! Even if you added a note to include needles or something small and I forgot...get at me again and I\'ll have your goods on the way with the quickness :)\n\nWhen I checked inventory counts today, I was surprised by how many popular ones sold out in the past few days! You;ll be happy to know Albino A+, APE Revert, Big Blue, Ecuador, PES Amazon, Tidalwave, Ps. Natalensis, Ps. Subaeruginosa and Ps. Tampanensis are back on the shelves! Another side note to some of the new peeps out there, APE Revert is a lovely variety that has been a community favorite for a very long time, but does not look like traditional APE like you see in the pictures from the lands where they are legal to grow. This is more of a traditional cube look and has a dense spore drop, but still has some of the coveted characteristics of APE. True APE has been on my list for quite some time and I\'ve been on the hunt for no luck. Hopefully soon!\n\nNew to the library this week, I\'m proud to bring back from a very long hiatus, [**Roatan Honduras**](https://millywyco.com/product/roatan-honduras/) and [**Ban Hua Thanon**](https://millywyco.com/product/ban-hua-thanon/)! RH has such a unique look and are suitable for beginners and experts to view under the microscope. I\'ve had a good number of requests for this one and these are HIGH quality spores for you to feast your eyes on :) Ban Hua Thanon is a variety from Thailand and is similar to Koh Samui. Both of these varieties are excited to meet you and can\'t wait to enjoy all the highs AND the [Lowws](https://www.youtube.com/watch?v=semJpCQmKZE) on your journey :)\n\nGives, gets and games:\n\nThis week, I have **3 coupon codes granting $50 off your order in the shop!** I have 3 smooth vibin\' tracks linked through the first part of this post:\n\n**Coupon Code #1:** The second word of the song in the first link. (hint: this is why you\'re here. This is what you want. \\*\\*\\*\\*\\*\\*)\n\n**Coupon Code #2:** The sixth word in the 3rd line of this song (hint: my favorite emotion, \\*\\*\\*\\*)\n\n**Coupon code #3:** The artist of the song in the final link. (hint: this is who we are. include the space \\*\\*\\*\\*\\*\\*\\*\\* \\*\\*\\*\\*\\*\\*)\n\n&#x200B;\n\n**The first 20 orders after this post goes live** (5:15PM CST...my bad!) **will receive a totally new unlisted variety** with their order, not available in the shop! I reserve these special varieties to give out with promos like this and they shall not be requested! Gotta be quick with em!\n\n**All orders TODAY ONLY on 2/24 that end in "4" will receive a FREE PE Hybrid variety** with their order! It shall remain a surprise as to which one you\'ll get, but if you let me know in the in an email after your order that you\'ve already received one, I\'ll do my best to give you a different one.\n\nAnd finally, **all orders that end in "24" the week of 2/24-2/28 will get their order for FREE!**\n\nSee you in March, mushroom heads!! Love you all to the moon!!\n\nIt\'s ALWAYS now forever. It\'s NEVER not now. BE HERE NOW! You have no choice...\n\n\\*\\*\\***I love trades!\\*\\*\\*** Trades are the best! If you\'re an artist or have a specialty of your own and would like to work out a trade for some genetics, please let me know! I\'ve never ever turned down a trade and my lab is full of art, messages and nick knacks from this fantastic community. **Diabetic supplies needed and accepted too** :) Get in here!\n\nNeed to talk? Need a friend? Need to vent? I\'m here, let\'s chat! Always in Love <3\n\n**PLACING AN ORDER:**\n\nAll orders must be placed on the website to receive order confirmation and tracking emails. I have several **coupon codes** to fit most packages, but if you have a large order or need a custom coupon code, please email me, and I\'ll take care of you :) You may mix-n-match swabs, spore syringes, and liquid cultures (exotics and "special" swab packs excluded)\n\nThe most common order, and the best deal is with coupon code **5PACK**, which is for 5 cubensis spore syringes, swabs, or gourmet liquid cultures for $30, including shipping! Coupon code **10PACK** is $60 for 10 cubensis or gourmet varieties. Use coupon code **2PACK** for 2/$20, or if you need any exotics with your 5-pack, you can use coupon code **NEEDMORE** for 5 cubes and 1 exotic for $40. **NEEDMORE2** for 5 cubes and 2 exotics for $50, and so on :)\n\n**NEW EXOTIC COUPON CODES:**\n\n**TWOSpicy** \\- 2 for $25 Exotic syringes and swab packs\n\n**FOURSpicy** \\- 4 for $40 Exotic syringes and swab packs\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**\n\n**LIST OF AVAILABLE VARIETIES (list accurate at 17:00 on 2/24/23, but will change as varieties sell out):**\n\n**CUBENSIS SPORE SYRINGES AND SWABS AND SOMETIMES PRINTS:**\n\nAcadian Coast\n\nAjax (Alabama x Jacksonville, FL)\n\nAlabama\n\nAlacabenzi\n\nAlbino A+\n\nAvery\'s Albino (SWABS ONLY)\n\nB+\n\nBig Blue (Blue Meanie iso)\n\nBlue Meanie\n\nBurma\n\nCambodian Gold\n\nColumbian Rust\n\nCorumba Brazil\n\nCosta Rican\n\nCreeper\n\nEcuador\n\nEscondido\n\nFiji\n\nGolden Mammoth\n\nGolden Teacher\n\nHillbilly\n\nHuautla\n\nIquitos\n\nJohn Allen\n\nKoh Samui\n\nLeucistic Amazon\n\nLeucistic Burma\n\nLeucistic Cambodian\n\nLeucistic Treasure Coast\n\nLizard King\n\nMalabar\n\nMars\n\nMatapanas\n\nMazatapec\n\nMelmac (SWABS ONLY)\n\nMexican Dutch King\n\nMexi-Cub\n\nOak Ridge\n\nOrissa India\n\nPakalensis\n\nPE+ (PE x B+) SWABS ONLY\n\nPenis Envy #6\n\nPES Amazon\n\nPES Hawaiian\n\nPF Classic\n\nPF Redspore\n\nPhobos (swabs only)\n\nPuerto Rican\n\nRed Boy\n\nS. African Transkei\n\nS. American\n\nSubcubensis\n\nTak Mountain\n\nTasmanian\n\nTexas Yellow Cap\n\nThai Elephant Dung\n\nTidalwave\n\nWhite Teacher\n\nXico\n\nZ-Strain\n\n**EXOTIC SPORE SYRINGES AND SWABS:**\n\nGymnopilus Luteofolius (Yellow Gilled Gymnopilus)\n\nGymnopilus Spectabilis (Laughing Gym)\n\nPs. Allenii\n\nPs. Azurescens\n\nPs. Galindoi ATL7\n\nPs. Natalensis\n\nPs. Ovoideocystidiata\n\nPs. Semilanceata (Liberty Cap)\n\nPs. Subaeruginosa\n\nPs. Tampanensis (Pollock)\n\nPs. Zapotecorum\n\n**GOURMET LIQUID CULTURES AND AGAR PLATES:**\n\nAgarikon\n\nArtist\'s Conk\n\nBear\'s Head\n\nBeefsteak\n\nBitter Oyster (Bioluminescent!) <<Don\'t end up like the guy in "Honey I Shrunk the Kids"...Don\'t eat it!\n\nBlack Pearl Oyster\n\nBlack Poplar/Pioppino\n\nBlue Oyster\n\nBranched Oyster\n\nChaga\n\nChestnut\n\nChicken of the Woods\n\nCoral Tooth\n\nCordyceps Militaris\n\nEnoki\n\nFlorida Oyster\n\nGolden Brown Beech\n\nGhost Fungus\n\nHoney Mushroom\n\nJack-O-Lantern\n\nLions Mane\n\nMediterranean Oyster\n\nNameko\n\nPathfinder Oyster\n\nPearl Oyster\n\nPestalotiopsis Microspora (Plastic munchin\' non-fruitin\' machine! Or is it?? We need our finest on this)\n\nPink Oyster\n\nRed Reishi\n\nShaggy Mane\n\nShiitake\n\nSordid Blewit\n\nSporeless Oyster\n\nTarragon Oyster\n\nTiger Sawgill\n\nTrue Morel\n\nTurkey Tail\n\nVeiled Oyster\n\nWhite Elm\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**', 'https://www.reddit.com/r/Millywyco/comments/11b57kl/mw_wyco_friday_inventory_update_1st_20_orders_get/', '11b57kl', [['u/Dinoeatsfish', 10, '2023-02-25 00:50', 'https://www.reddit.com/r/Millywyco/comments/11b57kl/mw_wyco_friday_inventory_update_1st_20_orders_get/j9w3z9i/', 'Milly you really need MERCH in your spore store. Like shirts.', '11b57kl']]], ['u/ultron290196', 'Ultimately its the people who sold that won.', 98, '2023-02-25 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/', "Believe me when I tell you that selling and taking some profits along the way is crucial. \n\nIt's not that I don't believe in Bitcoin, it's just that the HODL for life mentality doesn't apply to every crypto.\n\nRemember that during the next bull run, when everyone is screaming HODL with diamond hands, take some goddamn profits.\n\nI rode Cardano from $0.6 to $2.52, ETH from $1400 to $4200 and now back down to whatever it is now.\n\nEven MOONs were $0.36 at one point in 2021. \n\nOnly BTC was my early investment in 2017 and that I will be holding for years. \n\nIf I'd sold the hype, I'd have made a decent sum. The unrealised gains sometimes make my stomach churn. Sometimes you should be greedy and take profits.\n\nSo next time when you see HODL posts in the hot section. SELL!", 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/', '11b5buv', [['u/Blacknesium', 13, '2023-02-25 00:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/j9w103j/', 'If you’re not taking profits you’re doing it wrong. Nothing goes up forever.', '11b5buv'], ['u/reddito321', 37, '2023-02-25 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/j9w1psr/', 'Exchanges won, actually, although I get your point', '11b5buv'], ['u/ultron290196', 16, '2023-02-25 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/j9w1s8w/', 'Sell the shovels am I right.', '11b5buv'], ['u/IAmNocturneAMA', 12, '2023-02-25 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/j9w5jgv/', 'Specifically low quality shovels that need to be replaced/rebought.', '11b5buv'], ['u/ihavequestions987', 14, '2023-02-25 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/j9wa9ko/', 'Sometime’s it’s not always about selling and taking profits. Many like to hold crypto forever and use it as a currency instead of ways to be fiat rich. Just kidding. It’s always about being fiat rich.', '11b5buv'], ['u/crypto_grandma', 10, '2023-02-25 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/11b5buv/ultimately_its_the_people_who_sold_that_won/j9whf35/', "How you take profits is the most important thing. Sell about 10% or 20% at a time on the way up, so you have profits in the bank (or in sats) if it crashes and you still have skin in the game if it keeps on going up.\n\nFor example I bought ADA at 16c and started taking profits at $1.20. Then I sold another 10% at $1.60, $2, $2.40, $2.80...and I would have kept on going all the way up to however high it went..\n\nObviously selling everything at $2.80 would have been better, but timing near the top like that is nearly impossible.\n\nAnd if I had taken profits at say 50c (200% profits so not insignificant) that wouldn't have been bad, but not optimal considering how high it went.\n\nEdit: Btw I also had a 30k airdrop called Neta that for some reason I didn't follow my profit taking strategy on and held on to. The market cap was so small I thought I could get $100k out of it (ah, sweet sweet greed). It's now worth about $300", '11b5buv']]], ['u/ConfidentialMetals', 'Confession: I hate Bitcoin...but...', 331, '2023-02-25 02:06', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/', 'For years now, I\'ve been anti-crypto. I\'ve called it a Ponzi...I\'ve compared it to tulips...I\'ve found pleasure in the markets grinding down over the past year. I\'ve hated all the cryptards with their rocket emojies and asking "wen moon?". I\'m a metal stacker. I love gold and silver. But despite all of this, I just bought some Bitcoin, and here\'s why.\n\nFirst off, I want to give a shout out to my man [Jerry on Youtube](https://www.youtube.com/channel/UC_VEbZRk9LeDItX_uphKqhA). He too is a metal stacker. He too is a patriot. But unlike me before today, he owned Bitcoin and considers himself a Bitcoin ambassador.\n\nWhile I still do not think that Bitcoin has intrinsic value, it\'s not really the intrinsic value that is important here. Like gold and silver and other hard assets, the premise behind Bitcoin is to opt out of the "doll hair" system. Objectively, it makes little to no sense to hold any substantial amount of money in cash/dollars. The government excess and debt policy will inevitably fail. This is a massive alignment with the metals community, and common ground on which I can build.\n\nAnd though I love metals, we do and will continue to live in a digital age. The longer I\'ve stacked metals, the more obvious it has become that that we will not transact in metals again. Bitcoin makes me uneasy because I cannot physically touch it, but I see its transaction value. And while I do foresee CBDCs and overregulation/restriction by the government, metals and Bitcoin together can provide a risk-diversified portfolio that enables individuals to protect their wealth from multiple possible scenarios that spell doom for the dollar.\n\nFor that reason, I will be moving towards a 50/50 metals/Bitcoin portfolio outside of 401k/Roth/HSA investments. All other income not directed to tax-advantaged accounts will go to metals and Bitcoin (and no other crypto). Diversification is important as we must prepare for all outcomes. We do not know how long the dollar system will remain, thought we do know that it is eventually going to fall and must prepare for that, as well.\n\nAnyway, this is a long-winded way to say, I\'ve spent a lot of time shitting on crypto, and most of that is still valid. However, there is a laudable goal in Bitcoin, despite the clownery of the rest of the crypto world. There is greed in every asset, but many of us are just trying to make it through the awful mess we see coming. Thank you.', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/', '11b7rhe', [['u/nottobetakenesrsly', 205, '2023-02-25 02:23', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wgf6n/', "Humanity's transfixation on metals is a bit of an artifact. \n\nMoney today, is like what it has always historically trended towards: ledgers. \n\nBitcoin is another ledger, but isn't run by merchants, banks, governments, etc. \n\nThat's enough to find the concept interesting.", '11b7rhe'], ['u/Umpire_State_Bldg', 112, '2023-02-25 02:56', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wkp0u/', 'Welcome to Bitcoin.', '11b7rhe'], ['u/dadlif3', 23, '2023-02-25 02:57', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wkrcw/', 'Tight. I got into precious metals a few years ago, after that I reached the same conclusions as you and bought Bitcoin. Now go spread the word to the rest of the goldbugs.', '11b7rhe'], ['u/StumbleMyMirth', 107, '2023-02-25 03:12', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wmqqx/', 'Intrinsic value is a fallacy. Nothing is intrinsically valuable. Value is an emergent property of consensus. Welcome.', '11b7rhe'], ['u/ConfidentialMetals', 39, '2023-02-25 03:12', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wmrck/', 'thank you', '11b7rhe'], ['u/ConfidentialMetals', 17, '2023-02-25 03:15', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wn4nt/', 'There is certainly something to that argument as intrinsic value is not objective.', '11b7rhe'], ['u/dadlif3', 27, '2023-02-25 03:22', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wo03j/', "Gold is the money of the past and it served humanity well. Unfortunately because it is difficult to transport and not easily divisible that led to the centralization of gold and the issuing of IOUs to make transacting more convenient. And anyone who studies history knows that every time someone takes custody of other people's gold it ends badly for the depositor.\n\nIMO, Bitcoin takes golds weaknesses and turns them into strengths; highly divisible and portable worldwide in minutes.", '11b7rhe'], ['u/mrluxrius', 14, '2023-02-25 03:28', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9woove/', 'yes, shitting on crypto is fine.\n\n&#x200B;\n\nBitcoin, not crypto.', '11b7rhe'], ['u/TheCommodore777', 18, '2023-02-25 03:38', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wpzl1/', 'Never understood why Gold and Bitcoin folks don’t like each other. People think they are competing but really they are both sound money competing against garbage fiat.', '11b7rhe'], ['u/Abundance144', 34, '2023-02-25 04:33', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wwjs7/', 'Nothing has intrinsic value outside of an arbitrary framework which objectifies values and goals. \n\nValue is a human concept. It is not real. \n\nSo it follows that intrinsic value is also not real.', '11b7rhe'], ['u/--Warmonger--', 76, '2023-02-25 04:45', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wxxom/', 'Honestly this concept of an abstracted ledger is what really convinced me of the promise of Bitcoin. All money can be abstracted into a ledger, and ultimately that’s what happens in any even rudimentary economy. Like the cuneiform tablets of old keeping track of who has how much gold or grain or whatever. The ledger can be denominated in anything, dollars, yen, renminbi, ruples, gold, silver, grain, or Bitcoin.\n\nIf you think about money always taking the form of a ledger, you realize, what if we just built a ledger specifically made to be money. That’s what Bitcoin is.\n\nBitcoin has the same value proposition as gold in that it’s a scarce, finite asset with sound money properties. But instead of keeping gold locked in vaults and then transacting with the gold ledger, we just transact with Bitcoin directly. This made me realize Bitcoin could be the best form of money the world has ever had.', '11b7rhe'], ['u/PiotrPlayz', 10, '2023-02-25 04:48', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wy89l/', 'I read a lot of investment stuff, and over the past few months the Gold and Bitcoin people are loving each other a lot more, as they should. It’s truly heartwarming because they were always meant to be together despite seeming differences. I wish them health and happiness.', '11b7rhe'], ['u/sumcollegekid', 27, '2023-02-25 04:52', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wyoox/', 'Bitcoin is "peak ledger" + "peak security"....... Full Stop. This is the value', '11b7rhe'], ['u/--Warmonger--', 15, '2023-02-25 05:01', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9wzrpq/', 'Ultimately, the unit the ledger is denominated in does not matter so much as much as the quality, security, and immutability of the ledger itself. As long as the ledger is denominated in a finite unit that no one has the power to manipulate, what the unit is does not matter. And Bitcoin is the best ledger.', '11b7rhe'], ['u/StumbleMyMirth', 18, '2023-02-25 05:21', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9x20h9/', 'To be clear, we’re talking about economic value, not “usefulness” to an individual.\n\nNo “thing” has intrinsic economic value until there is both a buyer and seller and they’ve reached a consensus.', '11b7rhe'], ['u/StumbleMyMirth', 10, '2023-02-25 05:34', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9x3fu8/', 'If there exists people with stuff and other people wanting to trade other stuff for that stuff (dictator or otherwise) then value can be assigned. Without the people in the equation, the “stuff” itself has no value.', '11b7rhe'], ['u/robdag2', 12, '2023-02-25 10:50', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9xts5e/', '“He too is a patriot”. \n\nAmericans are wild, lol', '11b7rhe'], ['u/Ok_Aerie3546', 14, '2023-02-25 11:29', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9xwfh8/', 'The paradox of accepting that intrinsic value is not objective, and yet assigning an objective value of zero to bitcoin.', '11b7rhe'], ['u/Full-Guide-7713', 35, '2023-02-25 11:38', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9xx3xz/', 'what if we just built a ledger specifically made to be money.\n\nThis right here, this is the intrinsic value of Bitcoin. The intrinsic value of a monetary medium is its use case other than for money; grains can be eaten, gold can be made into jewelry and it’s an engineering material, etc. People fail to realize that Bitcoin is an actual thing even though it only exists on the Bitcoin network and it actually does something; it audits itself every ten minutes, it transacts on its own rails worldwide, it secures itself, it provides a means of self-custody, it’s scarce and cannot be debased, etc. The intrinsic value of Bitcoin is that it has monetary properties and ever other monetary medium needs secondary systems built around them with huge manpower for them to function in order to do a small fraction of the things Bitcoin can do.', '11b7rhe'], ['u/Federal-Practice-188', 12, '2023-02-25 16:27', 'https://www.reddit.com/r/Bitcoin/comments/11b7rhe/confession_i_hate_bitcoinbut/j9ypkoj/', 'You’ll probably transact with bullets & antibiotics at that point.', '11b7rhe']]], ['u/21-Suavage', 'Landlord requesting Bitcoin ATM deposits only for rent payments?', 196, '2023-02-25 02:18', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/', 'Potential landlord seems old-school and claims to have been burned by renters using typical payment methods. His terms specified payments are to be made using ATM cash deposits only. Little did I know, he is referring to Bitcoin ATMs where I scan his wallet QR to deposit cash into it. It appears it is automated on his end to instantly convert BTC to USD and deposit to his bank. He is generating an emailed invoice and requires I print and send him a receipt from the ATM for our records. This seems like an extremely risky way for me to protect his payments, though the rest of the process has been very professional and appears legitimate. Would anyone else proceed to rent under these payment terms? What other methods of payment should I suggest for someone willing to go to these lengths to receive funds?\n\nUpdate: I’ve confirmed this to be 100% a scam Scammer spent 3 days impersonating an actual person in my area, even via phone (no foreign accent), going through a thorough application process where I provided way too much personal information. Take your time and be careful out there!', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/', '11b80wm', [['u/mattlines98ta', 731, '2023-02-25 02:20', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9wg0iz/', 'Have you ever met this landlord and toured the home in person? This sounds like a scam.', '11b80wm'], ['u/msamor', 183, '2023-02-25 02:25', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9wgm7d/', 'This sounds like a scam. I would run away. This has as much chance of being legit as a Nigerian Prince.', '11b80wm'], ['u/expatinpa', 416, '2023-02-25 02:40', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9wilyk/', 'The key here is “potential landlord”. So not your actual landlord. I would go with no.', '11b80wm'], ['u/derspiny', 95, '2023-02-25 03:14', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9wmzzj/', '> Potential landlord\n\n"No" is a complete sentence. Failure to come to an agreement on this would be to your benefit, even if it means you get a different unit.\n\nIf you\'re confident he\'s actually on the up-and-up (I\'m not), then cash or postal money orders would be a far better idea for you. If he wants that money as bitcoin, let him carry the exchange risk.', '11b80wm'], ['u/he_who_floats_amogus', 25, '2023-02-25 03:48', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9wr62y/', ">Landlord requesting Bitcoin\n\n&#x200B;\n\n>Would anyone else proceed to rent under these payment terms?\n\nIs this your landlord, or not? These two sentences together make it seem like you're about to send bitcoin to some unknown entity who is not your landlord.", '11b80wm'], ['u/SpecialAlternative59', 40, '2023-02-25 04:37', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9wwyda/', 'Run away and do NOT give this person any money.', '11b80wm'], ['u/mnpc', 45, '2023-02-25 05:27', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9x2nzl/', 'This is not an attractive proposition for you just on a financial basis, as these machines commonly have fees north of 10%…on top of a price “spread”— which I am sure (if this isn’t a scam) the landlord is expecting you to pay.\n\nYou can look up the transaction history for the wallet address you were given—if there is not a well established history of recurring incoming payments to it every month, it’s likely a scam. \n\nYou can ask why the payment needs to be through a BTC atm instead of just initiated over the Bitcoin network from any other source—if he insists on atm only, that is a strong indication something weird is going on. \n\nA reasonable landlord with an affinity for speculating in crypto would accept payment in USD via traditional means and then do his own gambling and speculating thereafter. If it’s not a scam, this at least suggests some other motive like he thinks he can avoid reporting the payments as income etc. \n\nI caution you about moving forward with this. \n\nBut if upon your review everything checks out (there is a property that exists, the property is owned by the landlord, the landlord has a rental license and his business is register, the unit is available for occupancy, you have a clearly enforceable lease agreement, you know the identity of who can can sue and serve, etc) and it’s something you feel you want to proceed with, then you should at least demand clear terms in the lease about payment terms and other issues:\n\n1. the amount denominated in usd or btc, \n2. the exchange rate used to determine the sufficiency of the payment \n3. the time at which such calculation will be made, \n4. unambiguous expression that payments you initiate to that specific address will be deemed payment for rent regardless of whether he loses access to the wallet or a change in btc prices\n5. an agreement on how you show evidence the specific payment you sent/transaction hash is from you and for your rent (so he can’t deny that what was sent was from you). \n6. Return of any deposits or other payments will be in USD based on their actual value and not subject to price/market risk in btc volatility (a $1000 security deposit will be returned as $1000 usd regardless of whether landlord takes it in btc or otherwise; you don’t bear the downside risk of his affinity for speculating in “digital assets”).\n\nIn the end, I can contemplate that a genuine landlord might be willing to accept btc or might express a preference for receiving payment in btc—but the mandate and the amount of specificity as to use of an atm leaves me scratching my head and hearing alarm bells that something else may be afoot here. Tread cautiously, or run away.', '11b80wm'], ['u/Bostaevski', 483, '2023-02-25 05:37', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9x3ojc/', "Have you met this landlord? Have you toured the apartment with him? This sounds 100% like a scam to me.\n\nHow many of these boxes can you check?\n\n* Landlord can't meet in person\n* Have to act quickly\n* Amazing deal on rent for the area\n* Deposit before viewing the unit\n* Payment difficult to trace (cash, western union, bitcoin, etc)\n* Offer full refund if you don't aren't fully satisfied", '11b80wm'], ['u/Jroussel5410', 29, '2023-02-25 06:18', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9x7x25/', "NAL, sounds like a headache to deal with, so I wouldn't bother, but that is me personally. There may be laws regarding what your potential landlord has to accept when it comes to rent payments depending on your location.\n\nExample: WA RCW 59.18.063\n(1) A landlord must accept a personal check, cashier's check, or money order for any payment of rent made by a tenant, except that a landlord is not required to accept a personal check from any tenant that has had a personal check written to the landlord or the landlord's agent that has been returned for nonsufficient funds or account closure within the previous nine months. A landlord must also allow for the tenant to submit a rental payment by mail unless the landlord provides an accessible, on-site location.\n(2) A landlord may refuse to accept cash for any payment of rent made by a tenant, but shall provide a receipt for any payment made by a tenant in the form of cash when the landlord accepts cash.\n(3) A landlord shall provide, upon the request of a tenant, a written receipt for any payments made by the tenant in a form other than cash.\n\nThat is applicable in WA state, but you may be able to find more info about acceptable forms of payment for rent where you are looking to rent. Whatever you do I would suggest keeping a paper trail of every rent payment to cover yourself.", '11b80wm'], ['u/PrincessAethelflaed', 209, '2023-02-25 07:45', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9xfyee/', 'I’ve also seen new scam postings where the landlords specifically say they’ve been burned in the past by renters “despite good references and credit checks”. They claim they’re willing to give it one more shot with a “respectful tenant”. I think those kind of posts could be a set-up for this specific situation.', '11b80wm'], ['u/AltLawyer', 11, '2023-02-25 08:43', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9xknn0/', "That's a scam", '11b80wm'], ['u/YourUsernameForever', 105, '2023-02-25 11:46', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9xxlpu/', 'Also, any usage of the word "kindly" in the posting or conversation', '11b80wm'], ['u/happygolucky85', 50, '2023-02-25 12:26', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9y0h6c/', 'Scam', '11b80wm'], ['u/crash_bandicoot42', 38, '2023-02-25 12:27', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9y0kxu/', "Like everyone else said this is a scam. If he's worried about shit bouncing and he's physically in the area he can take physical cash and if he's not USPS money orders/wire transfers are good enough (high risk to scam with) that a normal person wouldn't worry about the scam risk with those.", '11b80wm'], ['u/Juache45', 12, '2023-02-25 14:39', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9yc5v9/', 'Exactly. Once you’ve met him, toured the property and signed the rental agreement… you could pay him with a Money order, check etc and he can take the cash to do with what he wants to. He can go to a Bitcoin ATM himself. He’s SCAMMING you and trying to convince you that this is such a great deal on a rental that you have to jump on it. You know what the old saying says… If it’s too good to be true then it probably is. Keep looking and I hope you find a great affordable place', '11b80wm'], ['u/Hillbilly_Elegant', 62, '2023-02-25 15:06', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9yf7wi/', 'Kindly do the needful and double confirm with a fresh comment.', '11b80wm'], ['u/fluffy_assassins', 25, '2023-02-25 15:17', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9ygjns/', 'Landlord: "Would you kindly..."\n\nMe: "Yeah, it\'s not gonna be that easy this time..."', '11b80wm'], ['u/ReverendAlSharkton', 10, '2023-02-25 17:23', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/j9yxmyt/', "I'm a Bitcoin guy and this is shady as hell. Do not proceed.", '11b80wm'], ['u/Conri', 10, '2023-02-25 23:35', 'https://www.reddit.com/r/legaladvice/comments/11b80wm/landlord_requesting_bitcoin_atm_deposits_only_for/ja0gojc/', 'Yes', '11b80wm']]], ['u/Berkoooooo', 'Where can I learn more advanced Bitcoin topics?', 22, '2023-02-25 05:07', 'https://www.reddit.com/r/Bitcoin/comments/11bbizv/where_can_i_learn_more_advanced_bitcoin_topics/', 'Is there a course or site that would provide details of advanced Bitcoin topics? There’s a lot of Bitcoin courses and books that explain BTC but haven’t been able to find one that dives into the deeper technical stuff. I’m sure there’s a reference that everyone uses for this but just haven’t been able to find it\n\nHope to find something that possibly dives into the C++ code too, but honestly just want to know a few things like, who approves PRs to the Bitcoin code? Do nodes have to approve?', 'https://www.reddit.com/r/Bitcoin/comments/11bbizv/where_can_i_learn_more_advanced_bitcoin_topics/', '11bbizv', [['u/Eislemike', 14, '2023-02-25 05:12', 'https://www.reddit.com/r/Bitcoin/comments/11bbizv/where_can_i_learn_more_advanced_bitcoin_topics/j9x0yft/', 'You may be looking for Mastering Bitcoin by Antonopoulos.', '11bbizv']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, February 25, 2023', 28, '2023-02-25 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/', '11bciyq', [['u/diydude2', 11, '2023-02-25 08:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9xksum/', 'We used to call it a "flash crash" back in the day, and it usually portended a BGD in the coming days.\n\nBut we\'re in new territory here.', '11bciyq'], ['u/DarthVarn', 12, '2023-02-25 10:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9xql2j/', "In the good old days - when it was only us geeks buying bitcoin but now it's tradfi fucking us around 😳", '11bciyq'], ['u/iEyeOpen', 10, '2023-02-25 10:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9xrmn4/', "Yesterday's liquidation event for bulls was within the top 5 going back to q4 in 2022.\n\nAnd all that with just a 5% drop. Why was it so extreme you might ask. \n\nThat is because altcoins have been completely sold off into BTC over the last 3 months, and that money went straight into whale's exit liquidity. The BTC drop was not high in percentages, but high in volume. Some altcoins have hit new ratio lows or double bottomed over a time of almost a year. That is how the drop was financed.", '11bciyq'], ['u/PieStraight541', 11, '2023-02-25 10:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9xt5yg/', 'Must be shitcoins because the currently hyped ones are still pretty high', '11bciyq'], ['u/spinbarkit', 18, '2023-02-25 11:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9xx30k/', 'ok, time to swallow the loss and move on. going long 10x @ 22975', '11bciyq'], ['u/Downtown-Ad-4117', 12, '2023-02-25 13:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9y5m96/', 'Any reason why?', '11bciyq'], ['u/Downtown-Ad-4117', 14, '2023-02-25 14:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9y8jiv/', 'That’s your reason? How much are you betting?', '11bciyq'], ['u/calmunrest', 11, '2023-02-25 14:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9ycgvj/', 'At this point I am quite sure that he posts only a small fraction of his comments manually. The rest IMO he uses a simple bot with a small pool of random text elements.', '11bciyq'], ['u/imissusenet', 10, '2023-02-25 15:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9yik4u/', "The original 9/18/27/36 was to set buys 9%, 18%, etc., off a fresh ATH. That ship sailed a while ago.\n\nI had laddered buys every $1K from $15K to $24K. $24K and $23K have hit. If we get back above $25K, I'll move the $15K buy up to $23K. Otherwise, I'll leave them be until they get hit, or 15 Apr, at which point I'll reassess.", '11bciyq'], ['u/xtal_00', 10, '2023-02-25 17:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9z00y4/', 'You can do this, but you need a large float.. and there are lots of folks providing this service already.', '11bciyq'], ['u/xtal_00', 11, '2023-02-25 17:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9z05to/', 'Max pain is always crab.', '11bciyq'], ['u/Mixaaii', 22, '2023-02-25 19:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9zd7w5/', "Sentiment in here is murderous you'd think we're at 15k...", '11bciyq'], ['u/4theWlN', 15, '2023-02-25 19:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9zlhsm/', 'If we are in a freshly minted bull, I’d expect us testing 25 again in the next 10 or so days.', '11bciyq'], ['u/Yodel_And_Hodl_Mode', 14, '2023-02-25 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/j9zyi4v/', "> If we are in a freshly minted bull...\n\nWe're not.\n\nWe're in year 4 of a 4 year halving-to-halving cycle, and we're still early enough into it that I expect some rough time ahead (not to mention more rough time even after we start to climb back toward 30-35k later this year and/or early next year).\n\nThe real bull begins next year. In the meantime, load up.", '11bciyq'], ['u/Yodel_And_Hodl_Mode', 14, '2023-02-25 23:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/11bciyq/daily_discussion_saturday_february_25_2023/ja0eyqw/', "I'm not expecting that.\n\nThe covid crash was caused by a once in a century worldwide pandemic event.\n\nI don't even think a world war would be enough to cause a crash like we saw in March 2020. It would cause a crash for sure, but not like we saw in March 2020. A nuclear war that reaches the U.S. and China would. That would be a true black swan event.\n\n> We still deserve a more respectable bear market rally that persists.\n\nWe're following a typical year-4 pattern.\n\nA halving-to-halving cycle isn't a full four years. It's actually more like 3 years & 10 months-ish (it's based on the number of blocks created, not the number of days, weeks or months). So I'd compare February 2023 to April 2019, or June 2015, broadly speaking.\n\n2020 will forever be a year that messes up charts because of the pandemic and a worldwide lockdown.", '11bciyq']]], ['u/InsaneMcFries', 'It has come to my attention that the bitcoin rainbow chart’s new purple category is currently unnamed. What would you name this new bear market section?', 146, '2023-02-25 06:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/', 'EDIT!!!: I have just been informed that I somehow managed to get hotlinked to an outdated version of the chart.\n\n[https://www.blockchaincenter.net/static/rainbow-chart.html](https://www.blockchaincenter.net/static/rainbow-chart.html)\n\n I found this link which they named the purple section “What”\n\n[https://www.blockchaincenter.net/en/bitcoin-rainbow-chart-v1/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart-v1/)\n\nhttps://preview.redd.it/p2nwhbnysaka1.jpg?width=828&format=pjpg&auto=webp&v=enabled&s=8fafc93b18c8b2da1265ec0e107c393722894a0f\n\nAnd v2 of the rainbow chart in fact has been updated accordingly to remove the beloved purple section.\n\n[https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/)\n\nhttps://preview.redd.it/s0rnneg1taka1.jpg?width=828&format=pjpg&auto=webp&v=enabled&s=f5f8ac2610c5fe47675eedc791295029e66395ed\n\nI AM SORRY GUYS I SWEAR WASNT INTENDING TO KARMA FARM OFF THIS!!\n\n[Bitcoin Rainbow Chart 2023](https://preview.redd.it/dx2ivbe1q9ka1.jpg?width=828&format=pjpg&auto=webp&v=enabled&s=7843f3a8af427b9413fdd41e05392435d66a526b) \n\nhttps://preview.redd.it/v7x91ta7taka1.jpg?width=828&format=pjpg&auto=webp&v=enabled&s=58d17c4021b82c23f0b3ab6634b7c613b97b52bf\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;\n\n&#x200B;\n\nOriginal post:\n\nAs you can see, we have an officially new segment of the rainbow chart coloured purple. You can see on the website that there isn’t even an official tag for this section yet and so it is important that we in the community figure out a suitable name for this new development in rainbow chart history!\n\nPlease let me know your ideas and perhaps together we have the power to decide on a suitably hilarious tag to leave this brutal bear market’s legacy on the rainbow chart for the benefit of our future!', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/', '11bckc8', [['u/AnimeFlamingo', 16, '2023-02-25 06:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x765p/', 'If blue is “Technically a fire sale” then purple should be “Garage sale”', '11bckc8'], ['u/ReasonableHat600', 72, '2023-02-25 06:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x7htu/', 'Purple should be “You’re in it for the tech”', '11bckc8'], ['u/n1ghsthade', 14, '2023-02-25 06:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x8ln0/', 'Purple is more like "you just threw your money in a bottomless well"', '11bckc8'], ['u/RiceRare', 13, '2023-02-25 06:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x8nvy/', 'Should be called "not even ramen"', '11bckc8'], ['u/Nicks_WRX', 87, '2023-02-25 06:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x8tyt/', 'I feel like adding the purple is kinda like how the US changed the definition of recession.', '11bckc8'], ['u/PaulD244', 30, '2023-02-25 06:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x9ki6/', 'Yup, pure denial.', '11bckc8'], ['u/niloony', 132, '2023-02-25 06:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9x9mj8/', '"We\'re gonna need a bigger chart"', '11bckc8'], ['u/oki_sauce', 11, '2023-02-25 06:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9xa0qw/', 'Purple haze', '11bckc8'], ['u/astockstonk', 15, '2023-02-25 06:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9xb0mg/', 'Since “blue” is basically a fire sale, “purple” is your house is on fire.', '11bckc8'], ['u/ch33na', 22, '2023-02-25 07:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9xcjs7/', 'Purple Pain', '11bckc8'], ['u/Mr_Bob_Ferguson', 73, '2023-02-25 07:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9xclo0/', 'It’s amazing how we don’t question the chart when it no longer caters for the scenario.\n\nInstead the chart is just changed.', '11bckc8'], ['u/Natalwolff', 14, '2023-02-25 07:52', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9xgk5b/', 'Yes, the only name that really captures that particular band is "reevaluate the above being a fire sale and rethink this scale of logarithmic growth"', '11bckc8'], ['u/throwaway_clone', 10, '2023-02-25 07:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11bckc8/it_has_come_to_my_attention_that_the_bitcoin/j9xh3r7/', '10k BTC is the new 100k EO...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["There wereubiquitous lossesamong the leading cryptocurrencies this week as the latestinflation readingsprompted fears among investors that the Federal Reserve will keep raising interest rates this year, as it did all of last year.\nPrices were the last thing on people’s minds when there was a plethora of other issues on people’s minds this week. M Shadows, the singer for California metal band Avenged Sevenfold, took umbrage on Monday with NFT marketplace OpenSea, after the latter last week stopped enforcing the practice of ensuring creators get a 5-10% cut on the future resale of their work.\nThat day, theFinancial Timesbroke a storythat Galois Capital, a crypto-focused hedge fund, had closed down after having earlier deposited half of it $200 million in assets-under-management at the time in the now-collapsed FTX exchange. Co-founder Kevin Zhou appeared to be tweeting from the fund’s account.\nOn Tuesday, NFT news account@NFTnowbroke the story of what appears to be an elaborate, multimillion-dollar rug pull.\nFox Business journalist Eleanor Terrett that day gave an update on the ongoing case against FTX founder and former CEO Samuel Bankman-Fried, who standscharged with eight crimes, including wire fraud and conspiracy to commit money laundering.\nThat day, self-professed “Crypto Data Nerd”@0xKofiexpressed his concerns that upstart NFT marketplace Blur, whichrecently surpassed OpenSeain sales volume, was being dominated by a handful of professional traders. He called the lack of creators’ royalties “short-sighted” in a later tweet.\nSimilar numbers to Kofi’s made the rounds again the following day.\nThat same day, crypto-friendly Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans' rights to financial privacy. The CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nCrypto sleuth Isabel Hunter on Wednesday posted the results of an investigation into where the$1 billionin Shiba Inu (SHIB) tokens that Ethereum creator Vitalik Buterin donated to India’s COVID-19 relief effort actually went. It turns out $58 million of it reached its intended recipients in the end. The rest is a wild story…\nThe United States Securities and Exchange Commission’s Hester Pierce, who last weekbroke ranksto criticize her agency’s crypto custody proposal, tweeted her mind again this week. On Wednesday, she appeared to fire a subliminal shot at her boss, chairman Gary Gensler, who is unpopular in the crypto industry for his regulation-by-enforcement strategy, which has so far involved suing high-profile crypto companies while offering the industry little guidance on how to be compliant.\nThat day, Bitcoin bull@ZK_Sharkhyped up Bitcoin NFTs, although he conceded between the lines that they have less utility than their Ethereum counterparts.\nOn Thursday Ryan Selkis, founder of crypto market intelligence company Messari, announced a 15% cut to his company's workforce.\nAlso that day, Montana state’s decision to protect the interests of crypto miners went down a treat on Crypto Twitter.\nOn Friday, an NFT researcher who tweets as@punk9059shared a chart that no doubt worried a lot of Bored Ape Yacht Club fans.\nFinally,Polygon(MATIC) crashed hard this week, shedding 21% in seven days to trade at $1.22 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring. Avalanche (AVAX) founder and CEO Emin Gün Sirer fired some shots at the rival blockchain.\nMeanwhile, Uniswap founder/CEO Hayden Adams offered technical advice.", "Illustration by Mitchell Preffer for Decrypt There were ubiquitous losses among the leading cryptocurrencies this week as the latest inflation readings prompted fears among investors that the Federal Reserve will keep raising interest rates this year, as it did all of last year. Prices were the last thing on people’s minds when there was a plethora of other issues on people’s minds this week. M Shadows, the singer for California metal band Avenged Sevenfold, took umbrage on Monday with NFT marketplace OpenSea, after the latter last week stopped enforcing the practice of ensuring creators get a 5-10% cut on the future resale of their work. 18 months ago, when we started the DBC, we had a discussion about how marketplaces collected royalties and understood the fact that someday they could simply not comply. In response, we built some fail safes that could simply block these platforms from accessing our collection. — M. Shadows (@shadows_eth) February 20, 2023 That day, the Financial Times broke a story that Galois Capital, a crypto-focused hedge fund, had closed down after having earlier deposited half of it $200 million in assets-under-management at the time in the now-collapsed FTX exchange. Co-founder Kevin Zhou appeared to be tweeting from the fund’s account. In spite of that, I am proud to say that although we lost almost half our assets to the FTX disaster and then sold the claim for cents on the dollar, we are among the few who are closing shop with an inception-to-date performance which is still positive. — Galois Capital (@Galois_Capital) February 20, 2023 On Tuesday, NFT news account @NFTnow broke the story of what appears to be an elaborate, multimillion-dollar rug pull. NEWS: @Friendswithyou ’s fRiENDSiES project deleted its Twitter account after posting an announcement that the project would be put on pause. The project raised more than $5 million in a Dutch auction last year. pic.twitter.com/3veSGKPbRx — nft now (@nftnow) February 21, 2023 Fox Business journalist Eleanor Terrett that day gave an update on the ongoing case against FTX founder and former CEO Samuel Bankman-Fried, who stands charged with eight crimes , including wire fraud and conspiracy to commit money laundering. Story continues 🚨NEW: Just filed today, the defense expects to propose one or more potential candidates to act as an independent technical expert to advise the court on @SBF_FTX 's bail conditions by the end of the week. pic.twitter.com/WfkF5frBAn — Eleanor Terrett (@EleanorTerrett) February 21, 2023 That day, self-professed “Crypto Data Nerd” @0xKofi expressed his concerns that upstart NFT marketplace Blur, which recently surpassed OpenSea in sales volume, was being dominated by a handful of professional traders. He called the lack of creators’ royalties “ short-sighted ” in a later tweet. 53% of Blur's volume comes from just 500 wallets (research by Archmage @jphackworth42 🧙✨) The marketplaces are killing their profits, long-term relationships with creators and future growth prospects to compete for ~500 pro traders — Kofi (@0xKofi) February 21, 2023 Similar numbers to Kofi’s made the rounds again the following day. Hey! Here are some fun facts about NFT volume: 20% of Blur's volume comes from only 15 wallets. 50% of Blur's volume comes from less than 300 wallets. Watch the top 500 farmers drive artificial volume live over any timeframe with source below ⬇️ pic.twitter.com/chDM6B7uMv — poof (@poof_eth) February 22, 2023 That same day, crypto-friendly Republican House Majority Whip Tom Emmer (R-MN) introduced a bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans' rights to financial privacy. The CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies. Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. 👇 pic.twitter.com/lONbHFZMk7 — Tom Emmer (@GOPMajorityWhip) February 22, 2023 Crypto sleuth Isabel Hunter on Wednesday posted the results of an investigation into where the $1 billion in Shiba Inu (SHIB) tokens that Ethereum creator Vitalik Buterin donated to India’s COVID-19 relief effort actually went. It turns out $58 million of it reached its intended recipients in the end. The rest is a wild story… $58 million has reached India through @CryptoRelief_ so far – the last funding was made in July 2022. Approximately $40 million is sitting in cash with Puerto Rico-based @fvbankus , according to screenshots of February 2023 bank statements provided by Nailwal 2/8 — Isabel Hunter (@isabelhunter) February 22, 2023 The United States Securities and Exchange Commission’s Hester Pierce, who last week broke ranks to criticize her agency’s crypto custody proposal, tweeted her mind again this week. On Wednesday, she appeared to fire a subliminal shot at her boss, chairman Gary Gensler, who is unpopular in the crypto industry for his regulation-by-enforcement strategy, which has so far involved suing high-profile crypto companies while offering the industry little guidance on how to be compliant. Getting lots of questions re stablecoins & SEC: Facts & circumstances of course, but SEC should defer to Congress, which is actively considering the issue. In the meantime, we & other regulators could hold public roundtables. Enforcement actions aren't the way to write the rules. — Hester Peirce (@HesterPeirce) February 22, 2023 That day, Bitcoin bull @ZK_Shark hyped up Bitcoin NFTs, although he conceded between the lines that they have less utility than their Ethereum counterparts. Ordinals: No royalties No meta data No good wallets (yet) No marketplace (yet) No holder verification No mutability No Smart contracts No Tokens No AMMs Every inscription WILL live FOREVER on the most decentralized public ledger known to man. That's the damn utility 🫡 — zk-🦈 (@ZK_shark) February 22, 2023 On Thursday Ryan Selkis, founder of crypto market intelligence company Messari, announced a 15% cut to his company's workforce. 1/ Yesterday we made the difficult decision to restructure several of Messari’s internal teams, leading to a 15% staff reduction. We're grateful for the contributions of the teammates we have parted ways with, and will provide resources and connections to help them transition. — Ryan Selkis 🥷 (@twobitidiot) February 23, 2023 Also that day, Montana state’s decision to protect the interests of crypto miners went down a treat on Crypto Twitter. JUST IN: 🇺🇸 Montana Senate passes bill to protect #Bitcoin and #crypto mining rights. pic.twitter.com/KswjAZKHFn — Watcher.Guru (@WatcherGuru) February 23, 2023 On Friday, an NFT researcher who tweets as @punk9059 shared a chart that no doubt worried a lot of Bored Ape Yacht Club fans. BAYC trades over the past week. From a high efficiency, low-volatility paradigm... to cliff-diving. pic.twitter.com/89Wqqevr4y — NFTstatistics.eth (@punk9059) February 24, 2023 Finally, Polygon (MATIC) crashed hard this week, shedding 21% in seven days to trade at $1.22 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labs was laying off 100 employees (20% of its workforce) after restructuring. Avalanche (AVAX) founder and CEO Emin Gün Sirer fired some shots at the rival blockchain. ProTip: there's no reason a good proof of stake protocol should ever reorg. — Emin Gün Sirer🔺 (@el33th4xor) February 24, 2023 Meanwhile, Uniswap founder/CEO Hayden Adams offered technical advice. Polygon needs to make moves publicly to solve its re-org problem 157 block reorg (5mins of history) yesterday and 120 in December is bad, and can break bridges, CEX, etc Maybe a consensus algo change? Or a social consensus based hardfork to slash the validator? — hayden.eth 🦄 (@haydenzadams) February 23, 2023 View comments", "The implosion of FTX last fall dealt crypto a black eye, bruising the nascent industry’s reputation in terms of legitimacy and trust. And this damage is vast, according to Ava Labs CEO and Founder Emin Gün Sirer. “The damage that Sam did is immeasurable,” he said on the latest episode of the gm from Decrypt podcast. “All of that goodwill that we built over many, many years of hard work is just usurped by some guy who comes in and puts on this boy genius act.” Sirer said he’s seen the digital assets industry “blossom from nothing” into what it is today. And he said he worked hard as a professor of computer science at Cornell University to foster education around blockchain technology, such as briefing politicians and hosting workshops. The thought of how far Bankman-Fried set the industry back is something that keeps Sirer up at night, he said, conscious of shifting tides in regulatory circles that could be “very bad” for those that are involved in crypto. As digital asset prices careened downward last summer, the reputation of FTX founder Sam Bankman-Fried ascended to new heights, as the 30-year-old entrepreneur was compared to John Pierpont Morgan in 1907 for rushing to save embattled crypto firms. But last November, Bankman-Fried’s reputation swung in the opposite direction as FTX collapsed. The company filed for bankruptcy after a run on the exchange was sparked by a steep drop in FTX’s FTT token, which revealed FTX did not have one-to-one reserves of customer assets and could not honor withdrawals. Bankman-Fried was then arrested and charged with a litany of financial crimes, ranging from fraud to money laundering, for allegedly misappropriating billions of dollars worth of customer funds. He’s pleaded not guilty, and while additional charges were tacked on last week, the FTX founder has been likened to Bernie Madoff by some of his former business partners since his empire came crumbling down. Sirer attributed the lack of scrutiny that Bankman-Fried received to the image the FTX founder cultivated, from his “tousled hair” to spending “so much on marketing that the world [treated] him as a genius that cannot be questioned.” Story continues Dealing with the aftermath of FTX’s collapse—which included the failure of dozens of other companies and projects caught up in the contagion—will hinge on establishing a constructive dialogue with regulators, Sirer said. It’s essential to distinguish to lawmakers that FTX’s fate was the failure of a centralized entity and not a failure of crypto itself in “any shape or form,” he said. The FTX saga has sent Sirer searching for a silver lining. While he recognizes that a lot of retail investors were harmed by FTX’s swift implosion and the resulting contagion that spread to other businesses, he said he believes the damage would’ve been greater if left unchecked for longer. “If we had given Sam a couple more years of runway, it would have been far worse,” he said, referencing the many crypto retail investors and venture capital firms damaged by their faith in SBF. Avalanche Founder Says Company Has ‘Very Little Exposure’ to FTX Another consolation is how Bankman-Fried has thrust digital assets into the mainstream as a result of his alleged mismanagement of FTX, putting certain tokens on the public’s radar. “I no longer have to educate people on what Bitcoin [or] Ethereum is,” he said. Sirer said he’s also relieved that Ava Labs was never a so-called Sam coin, tokens championed by the disgraced crypto mogul which were allegedly inflated in price, including Solana and FTX’s exchange token FTT. “We were never a Sam coin, and therefore we stayed out of that whole craziness,” Sirer said. “And we're just thanking our lucky stars for it.”", "The implosion of FTX last fall dealt crypto a black eye, bruising the nascent industry’s reputation in terms of legitimacy and trust. And this damage is vast, according to Ava Labs CEO and Founder Emin Gün Sirer.\n“The damage that Sam did is immeasurable,” he said on thelatest episodeof the gm fromDecryptpodcast. “All of that goodwill that we built over many, many years of hard work is just usurped by some guy who comes in and puts on this boy genius act.”\nSirer said he’s seen the digital assets industry “blossom from nothing” into what it is today. And he said he worked hard as a professor of computer science at Cornell University to foster education around blockchain technology, such as briefing politicians and hosting workshops.\nThe thought of how far Bankman-Fried set the industry back is something that keeps Sirer up at night, he said, conscious of shifting tides in regulatory circles that could be “very bad” for those that are involved in crypto.\nAs digital asset prices careened downward last summer, the reputation of FTX founder Sam Bankman-Fried ascended to new heights, as the 30-year-old entrepreneur wascomparedto John Pierpont Morgan in 1907 for rushing to save embattled crypto firms.\nBut last November, Bankman-Fried’s reputation swung in the opposite direction as FTX collapsed. The company filed for bankruptcy after a run on the exchange was sparked by a steep drop in FTX’s FTT token, which revealed FTX did not have one-to-one reserves of customer assets and could not honor withdrawals.\nBankman-Fried was then arrested and charged with a litany of financial crimes, ranging from fraud to money laundering, for allegedly misappropriating billions of dollars worth of customer funds. He’s pleaded not guilty, and while additional charges weretacked onlast week, the FTX founder has beenlikenedto Bernie Madoff by some of his former business partners since his empire came crumbling down.\nSirer attributed the lack of scrutiny that Bankman-Fried received to the image the FTX founder cultivated, from his “tousled hair” to spending “so much on marketing that the world [treated] him as a genius that cannot be questioned.”\nDealing with the aftermath of FTX’s collapse—which included the failure of dozens of other companies and projects caught up in the contagion—will hinge on establishing a constructive dialogue with regulators, Sirer said.\nIt’s essential to distinguish to lawmakers that FTX’s fate was the failure of a centralized entity and not a failure of crypto itself in “any shape or form,” he said.\nThe FTX saga has sent Sirer searching for a silver lining. While he recognizes that a lot of retail investors were harmed by FTX’s swift implosion and theresulting contagionthat spread to other businesses, he said he believes the damage would’ve been greater if left unchecked for longer.\n“If we had given Sam a couple more years of runway, it would have been far worse,” he said, referencing the many crypto retail investors and venture capital firms damaged by their faith in SBF.\nAvalanche Founder Says Company Has ‘Very Little Exposure’ to FTX\nAnother consolation is how Bankman-Fried has thrust digital assets into the mainstream as a result of his alleged mismanagement of FTX, putting certain tokens on the public’s radar. “I no longer have to educate people on what Bitcoin [or] Ethereum is,” he said.\nSirer said he’s also relieved that Ava Labs was never a so-called Sam coin, tokens championed by the disgraced crypto mogul which were allegedly inflated in price, including Solana and FTX’s exchange token FTT.\n“We were never a Sam coin, and therefore we stayed out of that whole craziness,” Sirer said. “And we're just thanking our lucky stars for it.”", '(Bloomberg) -- BitFlyer Holdings Inc. co-founder Yuzo Kano plans to reinstate himself as chief executive officer of Japan\x92s biggest cryptocurrency exchange and guide it to an initial public offering, seeking to end a dispute with current management and other shareholders over control of the startup. Most Read from Bloomberg Fed Event Scrapped After Participant Shows Porn in Zoom Room Israel\x92s Window to Strike Iran Narrows as Putin Enters Equation iPhone Maker Plans $700 Million India Plant in Shift From China Americans Need to Be Richer Than Ever to Buy Their First Home Tycoon Deripaska Warns Russia May Run Out of Money in 2024 Kano, who owns 40% of BitFlyer and stepped aside from the top role in 2019 after a regulatory crackdown, said he will put forward his proposal at a shareholders meeting planned for next month. \x93I will make it capable of fighting on the international stage,\x94 the 47-year-old said in an interview. The former Goldman Sachs Group Inc. derivatives and convertible bonds trader is speaking out for the first time about returning to lead BitFlyer since a deal to sell the exchange was scrapped last year. Kano said he quashed the sale because he suspected that ACA Partners, a Singapore-based fund, was collaborating with current management to shut him out by convincing a majority of investors to accept their bid to buy BitFlyer. \x93They wanted to get rid of me, both as a shareholder as well as the representative of a subsidiary,\x94 Kano said. Kano isn\x92t currently in charge of BitFlyer, but CEO of a subsidiary called BitFlyer Blockchain Inc. Masaaki Seki, who was brought in as deputy head of risk and compliance in 2020, became president of the entire entity last year with backing from other shareholders. ACA and Seki worked together to sell BitFlyer on the cheap, according to Kano. Hideki Hayashi, who heads the CEO office at BitFlyer, responded on behalf of Seki and declined to comment on a detailed list of questions on Kano\x92s assertions. Hayashi added that all matters involving shareholders will be addressed at the meeting. Story continues BitFlyer has been embroiled in drama ever since Kano co-founded the company in 2014. In 2018, Japan\x92s Financial Services Agency ordered BitFlyer and several other crypto exchanges to adopt more stringent measures against money laundering. Kano stepped aside soon after to take responsibility. Since then, multiple chiefs have sought to right the ship. Some of them quit after Kano pointed out their shortcomings as BitFlyer\x92s single-largest individual shareholder, he said. \x93It\x92s my responsibility to point out issues and demand improvement,\x94 Kano said. \x93I reprimand people when they cause problems, make false reports or fail to do whatever they are supposed to do.\x94 Kano speaks with the air of a derivatives trader, confident and ready to take risks. He took a leap of faith almost a decade ago to become a cryptocurrency entrepreneur. With an active social-media presence, he\x92s a well-known figure in Japan\x92s crypto community. Despite the recent turbulence, BitFlyer says it has 3 million accounts, handling more Bitcoin transactions than any other in Japan. Among its rivals, Kraken has officially announced it will close down its Japan business, while Coinbase Global Inc. has said it will unwind most of its operations in the country. Even so, Japan remains a laggard globally when it comes to crypto. Kano says he can change that, with plans to bolster BitFlyer\x92s business by introducing stablecoins, building a token-issuance operation and potentially open up its Miyabi blockchain technology to the public. First, however, Kano needs to pull off his plan to reinstate himself as BitFlyer\x92s CEO. It might prove to be a tough sell, given that he had a key role in the turmoil surrounding the exchange over the past few years, as well as the scrapped acquisition by ACA last year. Kano said that the fund had approached him with a proposal to buy BitFlyer that initially valued the business at ¥40 billion, but talks broke down after ACA declined to formally boost its offer and put it in writing, even as other potential buyers emerged and indicated they could pay more. In April 2022, the Nikkei reported that BitFlyer had agreed to sell itself to ACA for as much as roughly ¥45 billion. \x93I was stunned,\x94 Kano said, recalling the moment he heard the news. He said he had also been led to believe that he would return to helm BitFlyer, but that any deal with ACA would have effectively ended that possibility. Kano said he later learned that ACA had approached a group of investors holding a combined majority stake, excluding him, and convinced them to sell their stockholdings based on a ¥80 billion valuation for BitFlyer. There aren\x92t enough regulatory protections in Japan to prevent this kind of scenario from happening, according to Kano. The fund indicated that Seki and current management could stay on, Kano said. The co-founder said he moved to kill the deal because management had allowed ACA to approach two different shareholder groups \x97 one holding minority stakes and Kano himself \x97 inappropriately. Securing a deal behind his back was also problematic because as the biggest shareholder he has the right to choose a buyer as long as its bid tops any others, Kano added. Desperate to thwart the sale, Kano sent a tweet saying, \x93WANTED: WHITE KNIGHT,\x94 citing the Nikkei article and inviting other potential buyers to contact him. After Kano found other firms willing to pay more for BitFlyer and prepared to exercise his right to pick a buyer, the deal went into deadlock. \x93I broke the deal,\x94 he said. Akihiro Azuma, ACA\x92s chairman, declined to comment on a detailed list of questions regarding last year\x92s developments involving the attempted acquisition of BitFlyer. \x93We didn\x92t present an obviously lower bid to a specific set of shareholders,\x94 he wrote in an email. Time is running out to save BitFlyer, which has been stuck in limbo for the past few years, according to Kano. While net income jumped to ¥12.5 billion in 2021, a jump from the previous year\x92s ¥427 million, he said innovation has stopped and the exchange isn\x92t seizing new business opportunities. BitFlyer is becoming \x93a company that produces nothing new,\x94 Kano said. The timing isn\x92t so great. November\x92s unraveling of FTX has cast a pall over crypto exchanges across the globe. Cryptocurrency transactions in Japan shrank 72% last year to ¥30 trillion despite a more relaxed regulatory environment, according to Japan Virtual and Crypto Assets Exchange Association. Even so, Japan is now better positioned with updated cryptocurrency regulations that BitFlyer can show as an example to other nations, according to Kano. Earlier this month, the FTX\x92s Japanese subsidiary reopened withdrawals, making it the first of the group\x92s businesses to return money to clients. Japan has been calling on its international counterparts to oversee crypto as strictly as they do commercial banks. Read more: Japan Pushes Global Counterparts to Regulate Crypto Like Banks \x93There are very strict regulations in place now to protect customers, which can be a model for the rest of the world,\x94 Kano said. Kano expects to win approval for his plan to return to BitFlyer\x92s helm. That\x92s the \x93simplest\x94 solution, he said. Taking the company public, something no other crypto exchange in Japan has yet accomplished, is the best option for stakeholders to extricate themselves from the entire situation, with some form of remuneration. \x93That way, anyone can sell shares if he wants to,\x94 Kano said. \x93I\x92m very confident.\x94 Most Read from Bloomberg Businessweek FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets Female Execs Are Exhausted, Frustrated and Heading for the Exits Microsoft Expands Game Pass as Regulators Fret Over Activision Deal Russian Airlines Are Flying High Despite Sanctions How Countries Leading on Early Years of Child Care Get It Right ©2023 Bloomberg L.P.', '(Bloomberg) -- BitFlyer Holdings Inc. co-founder Yuzo Kano plans to reinstate himself as chief executive officer of Japan’s biggest cryptocurrency exchange and guide it to an initial public offering, seeking to end a dispute with current management and other shareholders over control of the startup.\nMost Read from Bloomberg\n• Fed Event Scrapped After Participant Shows Porn in Zoom Room\n• Israel’s Window to Strike Iran Narrows as Putin Enters Equation\n• iPhone Maker Plans $700 Million India Plant in Shift From China\n• Americans Need to Be Richer Than Ever to Buy Their First Home\n• Tycoon Deripaska Warns Russia May Run Out of Money in 2024\nKano, who owns 40% of BitFlyer and stepped aside from the top role in 2019 after a regulatory crackdown, said he will put forward his proposal at a shareholders meeting planned for next month. “I will make it capable of fighting on the international stage,” the 47-year-old said in an interview.\nThe former Goldman Sachs Group Inc. derivatives and convertible bonds trader is speaking out for the first time about returning to lead BitFlyer since a deal to sell the exchange was scrapped last year. Kano said he quashed the sale because he suspected that ACA Partners, a Singapore-based fund, was collaborating with current management to shut him out by convincing a majority of investors to accept their bid to buy BitFlyer.\n“They wanted to get rid of me, both as a shareholder as well as the representative of a subsidiary,” Kano said.\nKano isn’t currently in charge of BitFlyer, but CEO of a subsidiary called BitFlyer Blockchain Inc. Masaaki Seki, who was brought in as deputy head of risk and compliance in 2020, became president of the entire entity last year with backing from other shareholders. ACA and Seki worked together to sell BitFlyer on the cheap, according to Kano.\nHideki Hayashi, who heads the CEO office at BitFlyer, responded on behalf of Seki and declined to comment on a detailed list of questions on Kano’s assertions. Hayashi added that all matters involving shareholders will be addressed at the meeting.\nBitFlyer has been embroiled in drama ever since Kano co-founded the company in 2014. In 2018, Japan’s Financial Services Agency ordered BitFlyer and several other crypto exchanges to adopt more stringent measures against money laundering. Kano stepped aside soon after to take responsibility.\nSince then, multiple chiefs have sought to right the ship. Some of them quit after Kano pointed out their shortcomings as BitFlyer’s single-largest individual shareholder, he said.\n“It’s my responsibility to point out issues and demand improvement,” Kano said. “I reprimand people when they cause problems, make false reports or fail to do whatever they are supposed to do.”\nKano speaks with the air of a derivatives trader, confident and ready to take risks. He took a leap of faith almost a decade ago to become a cryptocurrency entrepreneur. With an active social-media presence, he’s a well-known figure in Japan’s crypto community.\nDespite the recent turbulence, BitFlyer says it has 3 million accounts, handling more Bitcoin transactions than any other in Japan. Among its rivals, Kraken has officially announced it will close down its Japan business, while Coinbase Global Inc. has said it will unwind most of its operations in the country.\nEven so, Japan remains a laggard globally when it comes to crypto. Kano says he can change that, with plans to bolster BitFlyer’s business by introducing stablecoins, building a token-issuance operation and potentially open up its Miyabi blockchain technology to the public.\nFirst, however, Kano needs to pull off his plan to reinstate himself as BitFlyer’s CEO. It might prove to be a tough sell, given that he had a key role in the turmoil surrounding the exchange over the past few years, as well as the scrapped acquisition by ACA last year.\nKano said that the fund had approached him with a proposal to buy BitFlyer that initially valued the business at ¥40 billion, but talks broke down after ACA declined to formally boost its offer and put it in writing, even as other potential buyers emerged and indicated they could pay more.\nIn April 2022, the Nikkei reported that BitFlyer had agreed to sell itself to ACA for as much as roughly ¥45 billion.\n“I was stunned,” Kano said, recalling the moment he heard the news. He said he had also been led to believe that he would return to helm BitFlyer, but that any deal with ACA would have effectively ended that possibility.\nKano said he later learned that ACA had approached a group of investors holding a combined majority stake, excluding him, and convinced them to sell their stockholdings based on a ¥80 billion valuation for BitFlyer. There aren’t enough regulatory protections in Japan to prevent this kind of scenario from happening, according to Kano.\nThe fund indicated that Seki and current management could stay on, Kano said. The co-founder said he moved to kill the deal because management had allowed ACA to approach two different shareholder groups — one holding minority stakes and Kano himself — inappropriately. Securing a deal behind his back was also problematic because as the biggest shareholder he has the right to choose a buyer as long as its bid tops any others, Kano added.\nDesperate to thwart the sale, Kano sent a tweet saying, “WANTED: WHITE KNIGHT,” citing the Nikkei article and inviting other potential buyers to contact him.\nAfter Kano found other firms willing to pay more for BitFlyer and prepared to exercise his right to pick a buyer, the deal went into deadlock. “I broke the deal,” he said.\nAkihiro Azuma, ACA’s chairman, declined to comment on a detailed list of questions regarding last year’s developments involving the attempted acquisition of BitFlyer. “We didn’t present an obviously lower bid to a specific set of shareholders,” he wrote in an email.\nTime is running out to save BitFlyer, which has been stuck in limbo for the past few years, according to Kano. While net income jumped to ¥12.5 billion in 2021, a jump from the previous year’s ¥427 million, he said innovation has stopped and the exchange isn’t seizing new business opportunities.\nBitFlyer is becoming “a company that produces nothing new,” Kano said.\nThe timing isn’t so great. November’s unraveling of FTX has cast a pall over crypto exchanges across the globe. Cryptocurrency transactions in Japan shrank 72% last year to ¥30 trillion despite a more relaxed regulatory environment, according to Japan Virtual and Crypto Assets Exchange Association.\nEven so, Japan is now better positioned with updated cryptocurrency regulations that BitFlyer can show as an example to other nations, according to Kano. Earlier this month, the FTX’s Japanese subsidiary reopened withdrawals, making it the first of the group’s businesses to return money to clients. Japan has been calling on its international counterparts to oversee crypto as strictly as they do commercial banks.\nRead more: Japan Pushes Global Counterparts to Regulate Crypto Like Banks\n“There are very strict regulations in place now to protect customers, which can be a model for the rest of the world,” Kano said.\nKano expects to win approval for his plan to return to BitFlyer’s helm. That’s the “simplest” solution, he said. Taking the company public, something no other crypto exchange in Japan has yet accomplished, is the best option for stakeholders to extricate themselves from the entire situation, with some form of remuneration.\n“That way, anyone can sell shares if he wants to,” Kano said. “I’m very confident.”\nMost Read from Bloomberg Businessweek\n• FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets\n• Female Execs Are Exhausted, Frustrated and Heading for the Exits\n• Microsoft Expands Game Pass as Regulators Fret Over Activision Deal\n• Russian Airlines Are Flying High Despite Sanctions\n• How Countries Leading on Early Years of Child Care Get It Right\n©2023 Bloomberg L.P.']...
**Last 60 Days of Bitcoin's Closing Prices:**
[16552.57, 16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-26
**Financial & Commodity Data:**
- Gold Closing Price: $1808.80
- Crude Oil Closing Price: $76.32
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $447,295,963,512
- Hash Rate: 359556658.1833338
- Transaction Count: 277103.0
- Unique Addresses: 628404.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today ChatGPT has stolen the headlines as one of the most impressive technology releases of 2022. Initially unveiled to highlight the capabilities of the upcoming GPT-4, ChatGPT quickly transcended the boundaries of the artificial intelligence (AI) space to become a pop culture phenomenon. For the first time in history, we are seeing AI actively discussed all the way from mainstream media outlets to dinner conversations. The fact that an obscure area of AI was going to cause this revolution was unfathomable just a year ago. Jesus Rodriguez is the CEO of IntoTheBlock. ChatGPT is the latest in a family of large generative language models (LLM) that are clearly transforming the nature of content creation, application development and user experience. The speculations of how ChatGPT and the upcoming GPT-4 type technologies might impact different industries have run high and wild and Web3 is not the exception. The hype about the possibilities of ChatGPT have certainly found its way to the Web3 space. In recent weeks, crypto media outlets have openly discussed the role that ChatGPT can play in ending Google’s dominance, completely automating smart contract development and making Web3 the dominant architecture paradigm. A different perspective becomes apparent once you look into the specific capabilities and limitations of ChatGPT and match it to the current state of Web3 technologies. Inside ChatGPT For all the hype around ChatGPT, there has been very little discussion about the specific capabilities and differentiators of the model. ChatGPT represents a major evolution in OpenAI’s GPT family of models but that evolution has materialized in a very specific dimension. The main difference between ChatGPT and its predecessors is that the former is key at following instructions. Models like GPT-3 were able to perform a handful of language tasks such as summarization, question answering or text completion based on carefully curated prompts. Story continues Read more: Here’s Why Artificial Intelligence Focused Cryptocurrencies Are Vastly Outperforming Bitcoin However, GPT-3 exhibited major limitations following more generic instructions. In early 2022, OpenAI quietly unveiled InstructGPT, a fine-tuned version of GPT-3 that uses a technique called reinforcement learning with human feedback (RLHF) to better follow human intents. OpenAI had published the research behind RLHF back in 2017 and went mostly unnoticed until InstructGPT was created. InstructGPT is the crown jewel at the center of ChatGPT and one of the key differentiators with its predecessors. These days, when you are using the OpenAI API by default it uses InstructGPT. The AI community recently started referring to models such as ChatGPT with the term "foundation models." Quoted by Stanford University, this term refers to the unique characteristic of these models to be fine-tuned for specific scenarios. For instance, OpenAI created Codex, a new fine-tuned version of GPT-3 to generate programming language code that is powering programs such as GitHub CoPilot. Codex is also integrated into ChatGPT. Now that we understand the core capabilities and differentiators of ChatGPT, we can extrapolate those to our Web3 universe and start dreaming about the potential. ChatGPT in a Web3 world The foundation model revolution with platforms such as ChatGPT is going to deeply influence how software is created and experienced across the entire technology market. Web3 also represents a new paradigm for distributed computing, so the combination with foundation models like ChatGPT offers a blank canvas full of opportunities. Some of those opportunities are already possible with today’s technologies. Language-based explorers Explorers are the search experience in Web3 and the core building block for human interactions with blockchains. However, the user experience of blockchain explorers is designed for domain experts. Imagine an explorer powered by a fine-tuned version of ChatGPT for blockchain activity. In that experience, a normal user could ask questions such as “Any large institutions transferring funds to Binance?,” “When was the last time something similar happened?” or “Are there any interesting patterns in the recent transaction activity?” Search is one of the experiences that might be reimagined with technologies like ChatGPT, and explorers could be a perfect candidate. Smart contract development assistants Programming smart contracts remains a highly sophisticated task for developers. ChatGPT components such as Codex are able to generate Solidity code from language descriptions. Imagine a smart contract assistant in which a developer can type something like “What’s the solidity code to request a flashloan in Aave?” and it will generate the corresponding smart contract code snippet. Read more: Jesus Rodriquez - The Coming Convergence of NFTs and Artificial Intelligence Smart contract security testing Smart contract audits are slow, expensive and tedious processes that are nonetheless necessary. A large majority of the auditing process relies on executing tests that are quite often not obvious to smart contract developers. Imagine having a fine-tuned version of ChatGPT for smart contract audits that could take a language input such as “” and run a battery of tests in a given smart contract. Intelligence NFTs Arguably one of the most obvious applications of models such as ChatGPT is to enable a new generation of non-fungible tokens (NFT) that incorporate conversational intelligence. Imagine a version of your favorite NFT collection that allows you to ask questions about the creator’s inspiration or specific artistic details. Conversational wallets Wallets are the main entry point for interactions with decentralized applications (dapp) in the Web3 world. Just as the user experience in Web2 applications is being reimagined with foundational models such as ChatGPT as a fundamental construct, we can think of a similar trend for crypto wallets. Imagine a wallet experience in which a user can simply express its intentions to perform a transaction, request information or execute specific tasks simply using natural language. Conversation is going to be one of the most interesting trends in Web3 user experience in the next few years. Web3 in a ChatGPT world Foundational models such as ChatGPT will, undoubtedly, enable a new generation of capabilities in decentralized applications, but Web3 can play an interesting role in the infrastructure powering these models. Auditability is one of the key concerns around the emergence of models like ChatGPT. Understanding the causes of harmful, fake, unbiased or unfair content has been at the center of the debate for the mainstream adoption of ChatGPT and similar models. Distributed ledgers are the perfect technology to enable trustless transparency and auditability for models such as ChatGPT. Pre-training and fine-tuning is another aspect in which Web3 platforms can contribute to models like ChatGPT. The computational requirements for pre-training or fine-tuning foundation models results are prohibited for most organizations. Decentralized computation networks such as blockchains can enable scalable computation economies that can facilitate the pre-training or fine-tuning of models like ChatGPT. Not just ChatGPT ChatGPT and the upcoming GPT-4 release represent some of the most overhyped technologies of the last few decades. While it might be easy to get caught up in the hype, the transformational impact of these models is real and it definitely applies to Web3. One thing to understand is that ChatGPT won’t stand alone in this area much longer. Companies such as Google with its model LaMDA, DeepMind with Sparrow, Anthropic with Claude and Stability AI with an open-source version of ChatGPT are likely to become relevant players in this market in a next few months. In the Web3 world, these models will power new experiences for how to author and interact with smart contracts, dapps, Wallets, decentralized finance (DeFi) protocols, NFTs and pretty much every area of the ecosystem. The era of language models in Web3 is here and ChatGPT is just the beginning....
- Reddit Posts (Sample): [['u/Auto_Mom', 'Attn :GameStop Marketplace Metaboy collectors! Snapshot will be taken tomorrow! Please read for more info', 229, '2023-02-26 01:10', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/', 'If you bought a Metaboy during the first week the Gamestop marketplace launched and have not yet collected your Gaia, please visit Metaboy.run and claim your free nft. You may also claim on Metaboy discord https://discord.gg/metaboy\n\nMetaboy Team has been hard at work to bring value to og holders! There’s lots of wallets that hold OG Metaboys and may not know about the utility your nft holds. Check out the website where there’s games, a studio where you can pose and take pictures of your Metaboys, there’s a beautiful museum where you can walk around as your Metaboy and see the inspiration behind the artwork. \n\nThe snapshot tomorrow is to capture the amount of OG Metaboys and Gaias you hold in your wallet. (They must be in the same wallet to be counted together) This is being done to capture holders quantities for a free or discounted mint on a new chain. Metaboy’s first odyssey will be on stacks, built on Bitcoin. This is similar to what Loopring layer 2 is to ethereum with a bigger market cap. For any questions I encourage you to reach out on discord or Twitter! Don’t miss out on all your Metaboy nfts have to offer! https://linktr.ee/metaboyinc?utm_source=linktree_profile_share&ltsid=8deb24fc-cde5-4ee4-9aa6-b69fd485a4f6', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/', '11c03b4', [['u/Auto_Mom', 10, '2023-02-26 02:01', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/ja101os/', 'If you own metaboys I strongly suggest joining the discord and/or Twitter to stay up to date on everything Metaboy! There’s all the resources necessary and lots of helpful team members for any assistance you need along the way. With Metaboy going multi chain, there will be newcomers to the metafam and we want everyone to have a memorable positive first impression of the project just we have following Metaboy as the first nft project to sell out on the GameStop marketplace!', '11c03b4']]], ['u/Psalamist', 'The best of Craig...', 28, '2023-02-26 01:39', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/', 'These are just my own favourite moments from the last four and a half years of his cosplay comedy\n\nCraig tells the community of the most gullible saps in internet history about when he was shot twice whilst working as a member of (the leader of?) a black ops team taking out human traffickers “permanently”:\n\n"I was offline for much of January 2011. During the time, I had travelled to Venezuela where I was working with a “Jawbreaker” team. The work was focused on stopping the trafficking of humans for the sex trade. I was in “prevention.” I did not bring people to justice, I worked with teams to stop things, permanently."\n\n"My “Blind Date” in Venezuela had me progressing West to the border of Colombia. It was my last operation of the type. I was shot twice, and evidence of it is likely to still exist on the Internet for all my efforts to have destroyed it. I met with Colombian El Departamento Administrativo de Seguridad (DAS) agents, as my job was accessing systems and information, and on the occasion, it was related to an operation associated with garnishing evidence against FARC-V. Before, I was what some people would call an “agent of influence.”\n\n[https://web.archive.org/web/20190524061133/https://craigwright.net/blog/bitcoin-blockchain-tech/the-story-of-bitcoin-continued/]\n\n\nCraig makes his famous predictions of how the crypto markets will look at the end of 2019. He does not generally call price, but asserts with 97.8% probability that BSV will be over $1,200 (With 0.1% for no blockchain winning and 2.1% for another). He calculates with 96% probability that BSV will be the no. 1 coin within 2 years (so mid-2021) and that by then most people would be of the opinion that they always knew he was Satoshi. \n\nNow it’s easy for us to mock with hindsight, but the 0% accuracy of the world’s foremost expert on most things is quite surprising. Especially when he gives such specific probabilities on such a wide field of options. \n\nhttps://web.archive.org/web/20220915155655/https://www.reddit.com/r/bitcoincashSV/comments/bwb40q/satoshis_prediction/\n\n[original post https://www.reddit.com/r/bitcoincashSV/comments/bwb40q/satoshis_prediction/] \n\n\nThe rolling iceberg threat. He made it in 2019. It didn’t happen. Perhaps there are still BSVers living in a bunker somewhere waiting. Seems unlikely. File with the bonded courier and other such postering\n\nThe checksum checkmate; Just a lovely gotcha moment. There is no coming back from that. Final proof that there is no BSV community now, just paid shills and scammers, as I cannot accept that anyone could read that account and still maintain that Creg was Satoshi\n\nHonourable mentions:\n\nRyan wondering if Creg was Jesus returned (he isn’t), but I’m wary of posting that given as it was a pretty sad watch\n\nTurth logging all criticism of Creg, himself or BSV as “death threats” (whilst making death threats against anyone who criticises Creg, himself or BSV)', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/', '11c0qep', [['u/nullc', 10, '2023-02-26 02:29', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/ja13i9m/', '(from the OP)\n\nWright on a murder-vacation in Venezuela.', '11c0qep'], ['u/nullc', 10, '2023-02-26 02:30', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/ja13n0p/', '(from the OP)\n\nCraig and checksum checkmate.', '11c0qep']]], ['u/oki_sauce', 'For those of you on the sidelines, what are you waiting for?', 19, '2023-02-26 03:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/', "Trying to offer and receive perspective. I know there's plenty of reasons why people may not buy. This is directed towards people who don't have a position or are trying to optimize their gains by risking it for hardly much more\n\nEveryone has a reason they don't DCA weekly or monthly. Some prefer lump sum investments, maybe you decided to invest in something else, or you're waiting for another 10% drop. After a fall from 69k and as much potential as something like BTC has, what are the reasons you aren't buying? \n\nEveryone knows timing the market is a bad idea, yet so many people do it. You may even see a nice 10% dip, and then you just wait for another 10%, then miss your opportunity and buy higher. You aren't going to care that you bought BTC at 22k instead of 20k if you're expecting BTC to break ATH, for example.\n\nI haven't included any rocket emojis. Therefore, this is not financial advice", 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/', '11c37sd', [['u/meteor-vs-lizardking', 18, '2023-02-26 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/ja1ddiv/', "most the people on this sub aren't on the sidelines. we're here because we're invested", '11c37sd'], ['u/Wonzky', 10, '2023-02-26 04:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/ja1h83y/', 'TL:DR\n\nStop being poor and start gambling', '11c37sd']]], ['u/ajnsd619', "The US Government Will Never Ban Crypto. Here's Why", 35, '2023-02-26 04:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/', "Decentralized networks make outright bans impossible. But that won't stop US Agencies from raising the friction. A necessary step to gain control.\n\nAs a Web3 researcher, I'm afforded a deep look at what drives people who enter the space.\n\nResearchers gain perspectives from:\n\n* Start-up companies\n* Legacy business\n* Academics\n* Procrastinating public functionaries & writers\n\nTheir motives are diverse; however, I've now carried out enough assignments to see an emerging trend, common to all.\n\nThis trend shows Govt actions from a different angle. And it's rather dark.\n\nAs of February 23, 2023, Bitcoin & Ethereum have cumulatively completed 2,691,440,324 transactions.\n\n[BTC Total Txn Count](https://preview.redd.it/d57i3c3hegka1.png?width=1200&format=png&auto=webp&v=enabled&s=3889772afebc39d2dd4303cafc5f73518a1bb57c)\n\n[ETH Total Txn Count](https://preview.redd.it/rpf15oehegka1.png?width=1200&format=png&auto=webp&v=enabled&s=c618bf9104eb3b6c62f7a8accecac2143095a162)\n\nBlockchain transactions are detailed and immutable. The total 2.69B count confers their legitimacy to participants and non-participants alike.\n\nThis growing record is becoming history's deepest and most accurate metadata map ever created.\n\nThe value of the data will grow into the trillions.\n\nUS Govt actions have a single objective: *Manage access to blockchain metadata.*\n\nKeeping it open and properly recorded is beyond important. All without gatekeepers.", 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/', '11c4iao', [['u/shoota28', 17, '2023-02-26 04:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/ja1kjn0/', 'Correction: The US government *will never be able* to ban crypto. How would they do so in an enforceable manner?', '11c4iao'], ['u/jwz9904', 11, '2023-02-26 06:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/ja1w4mr/', 'USA is not the rest of the world. Let’s de-Americanize crypto.', '11c4iao']]], ['u/Odlavso', 'Congratulations to Solana for coming back online after being down for 21 hours', 1712, '2023-02-26 05:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/', 'Solana suffered another outage on February 25th, the network was down for 21 hours.\n\nUsers attempting to make a transaction on Solana received a message telling them "sorry the internet is down"\n\n&#x200B;\n\nhttps://preview.redd.it/kbj3vt0i4gka1.jpg?width=1886&format=pjpg&auto=webp&v=enabled&s=aa9dfd50024dc6d6c76e05eb6f982fd8d606d819\n\nSome Solana based projects promised giveaways once the network was back up to keep moral up I guess.\n\ncould you imagine people offering giveaways when bitcoin comes back up?\n\nhttps://preview.redd.it/01dvjcid5gka1.png?width=404&format=png&auto=webp&v=enabled&s=848beed6d5b276ad0443bd4bc8ed48e05d03fbfe\n\nSolana users started hitting the copium hard\n\nhttps://preview.redd.it/vchpblh27gka1.png?width=395&format=png&auto=webp&v=enabled&s=4e296f6b80f89c618500ef5c569761f58ba812aa\n\nAfter coming back up some users took to twitter to celebrate about their beloved blockchain coming back up.\n\n[other chains don\'t know what this feels like](https://preview.redd.it/trdr7zyn5gka1.png?width=391&format=png&auto=webp&v=enabled&s=19cf67b0f7fe70ec4792c60253ddf13244fe63c7)\n\nOthers seem to have already forgotten about the outage already, claiming it never happened.\n\nhttps://preview.redd.it/l56zeler5gka1.png?width=392&format=png&auto=webp&v=enabled&s=9058dff88e002201cc6d6d83e2d0a042ca2e6a4d\n\nAfter hours of investigating the incident they decided the best course of action was to try and restart the network, because that always seems to solve the problem. Solana Dev\'s are experts on getting a network to come back up.\n\n[I couldn\'t help myself](https://preview.redd.it/y2kh4l1y5gka1.jpg?width=888&format=pjpg&auto=webp&v=enabled&s=47585c533ee6c46acbb3824156ceb667d2e61b17)\n\nyou can see the incident report below.\n\nhttps://preview.redd.it/uzo5za5p3gka1.png?width=594&format=png&auto=webp&v=enabled&s=2f9bbba6adb9fe2366f061a8dab74e2d2a373f66\n\nAnybody here still invested in Solana?\n\nTLDR:\n\nSolana was down for 21 hours, crypto twitter experienced a multitude of emotions, Solana is now back up.', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/', '11c56sl', [['u/nestinghen', 705, '2023-02-26 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1p2op/', 'How can anyone trust something that went down for nearly a whole damn day? What if that happened when crypto was widespread?', '11c56sl'], ['u/ReasonableHat600', 21, '2023-02-26 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1p576/', 'I usually don’t have a reaction to Sol being down. That’s basically one of its use cases but seeing the reactions to it on Twitter… I can’t tell if this is real or another classic Odlavso', '11c56sl'], ['u/Odlavso', 11, '2023-02-26 05:31', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1pf8l/', 'Yeah this is pretty crazy and I know some people were quick to start selling off nfts as soon as it came back up. Maybe people will learn from this and start getting out of Solana', '11c56sl'], ['u/JustDownInTheMines', 10, '2023-02-26 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1pr56/', 'Wow Solana came back after *only* 21 hours down. What an improvement! Blockchain of the future, ladies and gents! The ETH killer herself.', '11c56sl'], ['u/tmztmz2', 74, '2023-02-26 05:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1qef6/', 'Is anyone suprised anymore?', '11c56sl'], ['u/blueblurspeedspin', 224, '2023-02-26 05:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1qpg5/', 'good to know the value of the token is unaffected by the usefulness of the blockchain.\n\nEdit: LMAO CC you guys are funny', '11c56sl'], ['u/Perfect_Ability_1190', 46, '2023-02-26 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1r2gp/', 'I thought this was a comedy flair first. But welcome back lol', '11c56sl'], ['u/Odlavso', 10, '2023-02-26 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1r2n5/', 'It kind of deserves it after Going down for full day', '11c56sl'], ['u/French_physicist', 308, '2023-02-26 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1rbfl/', "It's not their fault, the whole internet was down! /s", '11c56sl'], ['u/SevereCalendar7606', 166, '2023-02-26 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1rd66/', 'If there was ever an opportunity to short a crypto project..', '11c56sl'], ['u/SigSalvadore', 29, '2023-02-26 05:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1reir/', 'VCs holding a lot. \n\nIndividuals are forced holders during down times; sounds like a winning strat.', '11c56sl'], ['u/deathbyfish13', 14, '2023-02-26 05:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1rhfz/', 'The value of the token has never been a good representation of its usefullness, if it did we would have a much different top 10', '11c56sl'], ['u/GabeSter', 27, '2023-02-26 05:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1rtxc/', 'Well obviously I even tried playing halo 2 on the original Xbox and it wouldn’t let me play. Such a disgrace Bill Gates need to send someone to fix the internet.', '11c56sl'], ['u/redthepotato', 98, '2023-02-26 05:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1rwtm/', 'For Solana, anything under a day is a win', '11c56sl'], ['u/French_physicist', 12, '2023-02-26 05:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1rycg/', 'Comedy and general-news flairs have become interchangeable', '11c56sl'], ['u/zillapz1989', 34, '2023-02-26 05:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1sd9n/', "This is hilarious considering SOL shills were claiming devs were fleeing Polygon for SOL due to a Polygon outage that didn't even happen. LOL.", '11c56sl'], ['u/crypto_grandma', 10, '2023-02-26 06:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1srzo/', "Judging by the downvotes I think you've upset some Solana investors who haven't learnt the lesson yet", '11c56sl'], ['u/richardto4321', 55, '2023-02-26 06:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1t20l/', "I seriously can't understand why investors have any trust left in this project.", '11c56sl'], ['u/Every_Hunt_160', 45, '2023-02-26 06:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1tid0/', '*It is year 2030, Solana is still a top 30 coin by market cap and the network has gone down for the 69420th time*', '11c56sl'], ['u/French_physicist', 12, '2023-02-26 06:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1tmoj/', 'Some people are delusional. There are probably a few people out there that still trust Safemoon', '11c56sl'], ['u/Super_flywhiteguy', 30, '2023-02-26 06:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1ts74/', "I'm impressed by anyone holding this garbage. You truly are ride or die with this project.", '11c56sl'], ['u/Harold838383', 89, '2023-02-26 06:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1u9mz/', 'This has happened so often. Why do people use it, build on it and invest in it?', '11c56sl'], ['u/SetoXlll', 54, '2023-02-26 06:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1uf8b/', '3 more hours and it could’ve gone a full 24, damn that sucks what an achievement that would have been.', '11c56sl'], ['u/tmztmz2', 14, '2023-02-26 06:23', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1usdw/', 'There will be twitter bots to notify everyone when Solana is up!', '11c56sl'], ['u/Da_Notorious_HAM', 41, '2023-02-26 06:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1v1mm/', 'Did you try hanging up the phone?', '11c56sl'], ['u/Govnoxy', 11, '2023-02-26 06:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1vbvf/', 'Solana is a joke', '11c56sl'], ['u/yaroslavwwe', 60, '2023-02-26 06:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1vfyj/', 'They buy it so they can sell it for a higher price', '11c56sl'], ['u/Odlavso', 13, '2023-02-26 06:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1vloo/', 'bot: Solana is up, make your transactions now\n\nSOL holder: gets everything ready and about to sign the transactions when\n\nbot: Solana is down, try again later', '11c56sl'], ['u/Kaner16', 24, '2023-02-26 06:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1vnha/', 'Only about 10% of the users in this sub will understand.', '11c56sl'], ['u/nestinghen', 33, '2023-02-26 06:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1w0b0/', 'Kids don’t know how easy they’ve got it now. Back in my day I had to wait for my mom to stop gossiping on the phone before I could start my download of a spice girls album that wouldn’t be complete until the morning, and then it just turned out to be porn', '11c56sl'], ['u/Bucksaway03', 19, '2023-02-26 06:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1w2vo/', 'Which turned out to be a virus that infected your family computer', '11c56sl'], ['u/Kaner16', 12, '2023-02-26 06:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1wefa/', 'Kazaa had that effect', '11c56sl'], ['u/Da_Notorious_HAM', 12, '2023-02-26 06:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1wf0l/', 'Dicks.com doesn’t sell rollerblades?', '11c56sl'], ['u/Mr_Bob_Ferguson', 11, '2023-02-26 07:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja1zyll/', '> How can anyone trust something that went down for nearly a whole damn day?\n\nWife material.', '11c56sl'], ['u/pmbuttsonly', 23, '2023-02-26 07:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja21rdz/', '*There’s always tomorrow!* - Solana', '11c56sl'], ['u/diwalost', 10, '2023-02-26 07:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja22url/', 'Congrats Solana for achieving this unique feat for 100th time, or may be more.', '11c56sl'], ['u/InsaneMcFries', 59, '2023-02-26 07:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja22ven/', 'You know it’s funny, that is also the theme of an IT crowd episode, like the meme in the OP. I won’t spoil it but it’s worth watching, great show.', '11c56sl'], ['u/nestinghen', 21, '2023-02-26 08:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja23f84/', 'You know, I’ve been needing something to watch and for some reason I always look over that show. Gonna give it a go now.', '11c56sl'], ['u/kbeck17', 14, '2023-02-26 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja256ji/', "No. I'm just surprised how they're 13th by market cap.", '11c56sl'], ['u/Arcosim', 30, '2023-02-26 08:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja27e0a/', "It freaking blows my mind that after several network collapses, a literal major hack that saw the keys of many wallets being siphoned *(ironically the network went down that day so the hack wasn't as catastrophic as it should have been)*, the whole fiasco about being tied to FTX and SBF being the majority holer, etc. that chain is still in the top 15!", '11c56sl'], ['u/Arcosim', 13, '2023-02-26 08:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja27jdr/', "Isn't it curious that Solana, a blockchain that relies heavily on NFTs, went down for an entire day just during one of the largest NFT dumps in crypto history?", '11c56sl'], ['u/CaptainPirated', 53, '2023-02-26 08:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja27r70/', 'After SOL went offline price actually rose, lol', '11c56sl'], ['u/rootpl', 19, '2023-02-26 09:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja29u5j/', "Can't sell if the network is dead. ", '11c56sl'], ['u/MaeronTargaryen', 17, '2023-02-26 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2bp8l/', 'Don’t, crypto doesn’t make any sense and SOL might as well be top 5 in the bull that I wouldn’t be shocked', '11c56sl'], ['u/GuytFromWayBack', 14, '2023-02-26 10:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2dzfd/', 'One of my favourite comedies. If you like nerdy and absurd humour you should enjoy it lol', '11c56sl'], ['u/kirtash93', 14, '2023-02-26 10:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2fbls/', "Solana is like that store in your town that you never know when it's open because every time you go it's closed but they still don't go bankrupt.", '11c56sl'], ['u/Canntomas', 11, '2023-02-26 11:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2jge4/', "So people open long position on a coin that went offline for 21 hours?? That doesn't make sense.", '11c56sl'], ['u/PhrygianGorilla', 21, '2023-02-26 12:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2loxa/', 'Probably cus no one could sell unless already on exchange.', '11c56sl'], ['u/gamma55', 14, '2023-02-26 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2tx99/', 'When you have hundreds of millions worth of a coin as collateral (probably), wouldn’t you spend few million to pump the price?\n\nSOL is just a fucked up financial criminal token, as evidenced by the fact that it was at the core of the FTX shitshow.', '11c56sl'], ['u/Cirewess', 59, '2023-02-26 14:04', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2vrhl/', "I love seeing people try to defend this shitty blockchain, it's sad honestly", '11c56sl'], ['u/timbulance', 15, '2023-02-26 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja2w5qs/', 'Averaging downtime once a month and it’s just comical at this point.', '11c56sl'], ['u/sleepdeprivedindian', 10, '2023-02-26 15:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja33va5/', "I'm disabled.", '11c56sl'], ['u/notyourbroguy', 11, '2023-02-26 15:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja396h0/', 'Because the crypto community is completely full of gullible idiots', '11c56sl'], ['u/ItsAllJustASickGame', 10, '2023-02-26 17:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11c56sl/congratulations_to_solana_for_coming_back_online/ja3lvsl/', "Honestly if you're still interested in Solana after everything that's happened with it, you deserve to lose your money. Like how many red flags do you need?", '11c56sl']]], ['u/Sharp_Tank05', 'What will be your advice to a person who is getting into Crypto today?', 39, '2023-02-26 05:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c5my8/what_will_be_your_advice_to_a_person_who_is/', "Here is my list. I would have liked to follow these a bit more religiously but nonetheless....\n\n**1) Learn a bit about the Technology** \\- how it works, why is it different, what it takes to build networks/Dapps ---- doesn't need to be a degree but basic reading over a few days/ weeks can give a lot of knowledge. Don't be a fool in the market.\n\n**2) Know the right people to follow**. Having said that, there are 1000x more shady influencers/ people in Crypto. Founders/Heads of major projects, exchanges, services are generally good people to follow - you may not like them always, you may disagree with them but they would most likely not say hyper-stupid things or do super-shameless shilling. \n\n**3) Beware of shady scammers/ YouTubers** \\- never ever follow their advice blindly. Most of the time they are paid to shill or promote a project. Sometimes they have yoloed into something and they will try to rally everyone to invest, and there are numerous reasons but they are not here to make you smart and rich. You can blindly apply this to every Crypto YouTubers.\n\n**4) The only way to be happy in Crypto sustainably is invest what you can afford to loose**. This is extremely hard to follow during market rallies/ FOMO cycles but always a good reminder. Basically, know your risk appetite really well, stick to it so you don't force yourself into intensive-stress-zones.\n\n**5) Have the right perspective on corrections/ down-markets:** Even some of the best projects can crash 80%+ in Crypto during bad times. ETH crashed 85% from ATH, BTC crashed 80%, Solana crashed 95% and so on in the last crash cycle in 2022. Now, most of the time good projects bounce back and go higher than previous ATH but it's important to keep a perspective on the level of correction in mind to stay peaceful.\n\n**6) It takes time, be patient** \\- overnight mooning happens every once in a while in Crypto but they are rare and you need to be almost a witch-hunter to really get them, however, good news is that most good projects create massive value in long term. Patience and the right projects (utility, technology, people) are important if you are looking for big gains, don't sell them for loss just after one major down-rally/ bear-market.\n\nPlease add yours to this list - I can compile the final list and post/ update the post.", 'https://www.reddit.com/r/CryptoCurrency/comments/11c5my8/what_will_be_your_advice_to_a_person_who_is/', '11c5my8', [['u/Perfect_Ability_1190', 11, '2023-02-26 05:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11c5my8/what_will_be_your_advice_to_a_person_who_is/ja1r9yz/', 'Be ready to lose 50% of your investment before making some profits.', '11c5my8'], ['u/coinmarshal', 50, '2023-02-26 05:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11c5my8/what_will_be_your_advice_to_a_person_who_is/ja1rwca/', "1. DYOR\n2. Don't buy all in one go, DCA\n3. Keep 80% BTC and ETH \n4. Better hold than trade\n5. Withdraw from exchanges\n6. Be patient", '11c5my8'], ['u/DadofHome', 14, '2023-02-26 06:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11c5my8/what_will_be_your_advice_to_a_person_who_is/ja1tqp4/', '>It’s a lot easier to find prophets than it is to find profits', '11c5my8']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, February 26, 2023', 28, '2023-02-26 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/', '11c5ur0', [['u/xtal_00', 27, '2023-02-26 06:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja1sn8l/', 'IMF feels the need to warn people about the dire repercussions of making Bitcoin legal tender.\n\nThe IMF even saying the word Bitcoin is insanely bullish.\n\nSo early.\n\nhttps://www.reuters.com/technology/imf-lays-out-crypto-action-plan-recommends-against-legal-tender-status-2023-02-24/', '11c5ur0'], ['u/ChadRun04', 13, '2023-02-26 08:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja27liz/', "They've also got a real bee in their bonnet about Japanese women caring for their children. They want them all working, for productivity, for growth, one of us, one of us, gibble gabber gibble gabber!\n\nOh and if you're an Indian, off to the call-centre job with you!\n\nSlavers.", '11c5ur0'], ['u/Essexal', 18, '2023-02-26 10:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja2dskg/', 'With everyone ‘knowing’ a huge dip is coming tomorrow I am going long. Buying anything under $23k until the US opens.', '11c5ur0'], ['u/PatientlyWaitingfy', 16, '2023-02-26 12:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja2o04h/', "Please, don't say it's 100% certain btc will reach its previous ath. Nothing is guaranteed. Talk like that get new people to ape into big longs with no clue what they're doing.", '11c5ur0'], ['u/spinbarkit', 12, '2023-02-26 14:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja2y6vz/', "there is not a single thing in the future that you could verifiably say it's 100% certain (probability =1) it will happen. why? there is no way to verify it - it has not happened yet. you could however state there is high probability (more than 0 and less than 1) of an event to happen given previously collected data from the past. by this logic the only 100% thing to happen is only what already happened. thus, we should agree there is not 100% certainty BTC will hit previous ath. we could however reasonably believe or even assume high probability - given historical PA - that there is some chance of it.", '11c5ur0'], ['u/Mixaaii', 17, '2023-02-26 17:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja3j772/', "I am 100% in BTC at this moment. I have 20k~ in cash for living expenses that should last me 6 months. Let's see boys.", '11c5ur0'], ['u/xtal_00', 10, '2023-02-26 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja3opz9/', 'I live in a nice neighbourhood in a cheap cheap cheap part of the country.\n\n$20k ain’t much if you add a couple kids and a house.', '11c5ur0'], ['u/aeronbuchanan', 13, '2023-02-26 18:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja3r0of/', 'To me, "fractals" are strictly the same patterns appearing *at different scales*, so what you\'ve posted here is not fractals to me. This is just potential repetition, aka normal TA.\n\nNevertheless, the principle here is basically pattern matching - you\'re looking for another chart that is the same (or similar within some tolerance) to the current chart. Given the very wiggy nature of markets, it\'s actually very easy to find a match if you look back in time far enough, even if you restrict the search to the same market and the same time frame. If you extend the search to different time frames, aka "fractals", then there are simply too many possibilities to be of any use at all.', '11c5ur0'], ['u/AccidentalArbitrage', 23, '2023-02-26 18:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja3rpsg/', 'I admire your frugality, but you cannot think that that level of spend is normal. At least in the West. \n\n$20k over 2 years is $833/mo. There are not many places in the West where you can pay for housing, food, utilities, clothing, and other basic necessities on $833/mo.', '11c5ur0'], ['u/_supert_', 11, '2023-02-26 19:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja46ima/', "Wouldn't even cover the rent of a single room in London.", '11c5ur0'], ['u/Shibenaut', 26, '2023-02-26 20:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja4f02v/', "Unpopular opinion: longers and shorters will get rekt in the long term (on leverage). If you believe in BTC, buy spot. If you don't, then don't buy any.", '11c5ur0'], ['u/AccidentalArbitrage', 12, '2023-02-26 21:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja4n9s5/', '>Unpopular opinion\n\nRight or wrong, I think this opinion is getting more and more popular as regular users of leverage get wiped out repeatedly.', '11c5ur0'], ['u/PatientlyWaitingfy', 10, '2023-02-26 22:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/11c5ur0/daily_discussion_sunday_february_26_2023/ja4yl3w/', 'SL at 23261 for 23061 buy, profit secured and assets derisked!', '11c5ur0']]], ['u/apleta', 'Receiving Bitcoin as wedding gift', 34, '2023-02-26 06:58', 'https://www.reddit.com/r/Bitcoin/comments/11c6u5v/receiving_bitcoin_as_wedding_gift/', 'I’m planning a wedding in November and luckily I have a few family members that are bitcoiners. \n\nI have a bitbox02 that changes the address with each transaction so I don’t know how create a viable way for multiple people to gift bitcoin.\n\nAny advise is greatly appreciated!', 'https://www.reddit.com/r/Bitcoin/comments/11c6u5v/receiving_bitcoin_as_wedding_gift/', '11c6u5v', [['u/Abundance144', 71, '2023-02-26 07:26', 'https://www.reddit.com/r/Bitcoin/comments/11c6u5v/receiving_bitcoin_as_wedding_gift/ja20h06/', "Don't get married. \n\nThis advice will cost 1 bitcoin.", '11c6u5v'], ['u/FakeGonDisappear', 21, '2023-02-26 07:26', 'https://www.reddit.com/r/Bitcoin/comments/11c6u5v/receiving_bitcoin_as_wedding_gift/ja20h6h/', "You can reuse the addresses. It's not 100% the most secure thing to do as far as your identity is concerned, but it's not like you don't get the Bitcoin.", '11c6u5v'], ['u/schnozzenstein', 38, '2023-02-26 09:02', 'https://www.reddit.com/r/Bitcoin/comments/11c6u5v/receiving_bitcoin_as_wedding_gift/ja2817j/', 'Just reuse that one address.', '11c6u5v'], ['u/EnterShikariZzz', 11, '2023-02-26 11:51', 'https://www.reddit.com/r/Bitcoin/comments/11c6u5v/receiving_bitcoin_as_wedding_gift/ja2ks82/', 'I doubt address reuse is an issue for OP here since the bitcoin will be coming from his family. They already know who he is and who the other family members are', '11c6u5v']]], ['u/rBitcoinMod', 'Daily Discussion, February 26, 2023', 38, '2023-02-26 07:08', 'https://www.reddit.com/r/Bitcoin/comments/11c70i8/daily_discussion_february_26_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11bdooa/daily_discussion_february_25_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11c70i8/daily_discussion_february_26_2023/', '11c70i8', [['u/15Grepples', 14, '2023-02-26 14:22', 'https://www.reddit.com/r/Bitcoin/comments/11c70i8/daily_discussion_february_26_2023/ja2xkhf/', 'Gentleman. There was a spare 90 dollars in the budget this month and without hesitation I hit the buy button. I regret nothing. For the taste of corn is what I crave.', '11c70i8'], ['u/AloneDay8829', 11, '2023-02-26 20:17', 'https://www.reddit.com/r/Bitcoin/comments/11c70i8/daily_discussion_february_26_2023/ja4bz87/', "What's with the sudden flood of anti-bitcoin commenters in this sub? Specifically on the posts that get to the top of the front page here", '11c70i8'], ['u/Ok-Abbreviations6442', 10, '2023-02-26 21:06', 'https://www.reddit.com/r/Bitcoin/comments/11c70i8/daily_discussion_february_26_2023/ja4jbmi/', 'Buttcoiners leaking over, finding themselves in the wrong room.', '11c70i8'], ['u/delgrey', 10, '2023-02-26 21:24', 'https://www.reddit.com/r/Bitcoin/comments/11c70i8/daily_discussion_february_26_2023/ja4m2om/', 'Lots of short sellers need price to stay down.', '11c70i8']]], ['u/Ricardo_the_great', 'Unpopular Opinion: BSG should relax RMT countermeasures a bit', 110, '2023-02-26 08:10', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/', "Hear me out!\n\nAs a task oriented person, I grind all tasks as fast as I can so I can max traders. Some of my friends will complete tasks if it's convenient or just play for fun and PVP. This usually leads to me having access to wider variety of items (labs key cards, sicc pouch, etc.). In previous wipes we were able to drop keys, weapon parts, and rare loot items. This was convenient because it meant that at any time we could help our friends reach the same level of success. I think we should go back to that. \n\nI miss stacking up labs key cards and handing them over to my friends so we could run labs more than once every week or two. Previously we would start the day with a labs run and try to get some raider loot or rare valuables, followed by regular runs across other maps, and then finish the day with a labs run for some fun PVP. \n\nIf you're a streamer this would also benefit you too! Smaller streamers would try to grow their channel by doing giveaways (BTC, colored labs cards, etc.). \n\nI just received my thicc weapons case, which I have never even used in the last 5 wipes, I usually trade it for Black keycard or green (which ever is available). I can't even sell it! \n\nI'm not saying remove all your efforts in restricting RMT, I'm just saying can we relax them a bit?", 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/', '11c80en', [['u/Zombox3000', 124, '2023-02-26 09:07', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja28dok/', 'Popular opinion', '11c80en'], ['u/dorekk', 92, '2023-02-26 09:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja28jiz/', "This isn't unpopular at all. They should remove almost all of them. They've made the game intolerable for normal people and haven't stopped RMT at all.", '11c80en'], ['u/MontageMongol', 12, '2023-02-26 09:22', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja29i5w/', 'Yeah clearly the rmt limitations work like intented right', '11c80en'], ['u/theEdward234', 17, '2023-02-26 10:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja2grol/', 'Actually very popular opinion. Anyone with half a brain will realize that making rare items even more rare (in many cases for casual players completely unachievable), will only lead to more RMT.', '11c80en'], ['u/thecage420', 14, '2023-02-26 12:52', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja2pgbm/', 'If you genuinely think preventing players from dropping some shitty key worth 10k is gonna stop RMT you should honestly ask BSG to hire you', '11c80en'], ['u/Fantablack183', 38, '2023-02-26 13:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja2saeq/', "If anything, I theorize RMT counter measures have only likely worsened RMT via account selling and cheater boosting services. \nCheaters grab the items and kill players for you, you build up the account as fast as possible to as high as you can get it, and then sell it. \nSince RMTers can't just sell or drop items on the Flea Market and that many avenues of RMT have been closed, they're just using worse and more destructive methods of RMT.", '11c80en'], ['u/MikeHoncho2568', 11, '2023-02-26 13:50', 'https://www.reddit.com/r/EscapefromTarkov/comments/11c80en/unpopular_opinion_bsg_should_relax_rmt/ja2ugx9/', 'They stopped one specific kind of RMT. But the RMTers didn’t just give up, they moved on to other ways to make money that have more of an impact to legit players.', '11c80en']]], ['u/milivoj_popovic', 'I want a NewCo lead by Simon Dixon', 81, '2023-02-26 08:58', 'https://www.reddit.com/r/CelsiusNetwork/comments/11c8qam/i_want_a_newco_lead_by_simon_dixon/', "This was my risk capital and I don't want an enormous haircut ( valuing BTC at 19.7K$ which will be an even bigger haircut if BTC is worth more than that ) just to get something back asap. I want a once in a lifetime chance to co own a company with a multimillionaire that made his wealth by investing in companies and that is in crypto from practically day one- Simon Dixon. Let's turn a negative into a positive! Thoughts?", 'https://www.reddit.com/r/CelsiusNetwork/comments/11c8qam/i_want_a_newco_lead_by_simon_dixon/', '11c8qam', [['u/Scat_fiend', 33, '2023-02-26 09:15', 'https://www.reddit.com/r/CelsiusNetwork/comments/11c8qam/i_want_a_newco_lead_by_simon_dixon/ja291gf/', "The only two options I would readily accept is chapter 7 or something ran by Simon Dixon. But we won't get either. This grift is a small club and Simon ain't in it.", '11c8qam'], ['u/AccomplishedView4709', 12, '2023-02-26 10:40', 'https://www.reddit.com/r/CelsiusNetwork/comments/11c8qam/i_want_a_newco_lead_by_simon_dixon/ja2fj9h/', "You going to take the same haircut with Simon's plan also. His plan will pay you based value of BTC and every coins on the date of bankruptcy filing (July 2022) which is the same 19.7k per BTC.\n\nI don't want to deal with Bnktothefuture after my terrible experience investing in private equity with the platform.", '11c8qam']]], ['u/Essexal', '“We now understand better how little we understand about inflation”, Jay Powell, US Federal Reserve Chairman', 211, '2023-02-26 10:39', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/', 'This is the head of the FED back in July last year.\n\nThe people that print the money, set interest rates said - “We now understand better how little we understand about inflation”.\n\nIf that doesn’t tell you everything you need to know I’m not sure what will.\n\nThe macro conditions might not have ever been worse for Bitcoin, but the very reason it was designed was literally cemented by the people it will eventually oust.\n\nBare that in mind when everyone is still calling for a drop to $12k!', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/', '11cake6', [['u/Loafmanuk', 50, '2023-02-26 12:17', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/ja2mrco/', "If that one sentence isn't proof that those holding the reigns think we are stupid then I don't know what is.\n\nThey know and have always known exactly what causes inflation.. they even knew it was coming because they planned it many years ago, it was a smash and grab.", '11cake6'], ['u/trilli0nn', 36, '2023-02-26 12:36', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/ja2o8is/', 'Monetary inflation (“printing money”) leads to price inflation (everything gets more expensive). It’ll cause salaries to go up as well, eventually.\n\nThe insidious nature of inflation lies in the time lags between these effects playing out. They benefit the wealthy that have debt-financed assets while screwing over salary workers with hardly any debts and no assets.\n\nMonetary inflation is expanding the wealth gap in the most revolting way.\n\nPowell is still carefully analyzing the matter apparently, but perhaps he’d see things clearer if his head weren’t inside his arse.', '11cake6'], ['u/Recent_Opportunity34', 31, '2023-02-26 13:37', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/ja2t8nx/', 'Reminded of that scene in Casino\n\n"Listen, if you didn\'t know you were being scammed you\'re too fuckin\' dumb to keep this job, if you did know, you were in on it. Either way, YOU\'RE OUT! Get out."\n\nAce Rothstein (Robert Di Nero)', '11cake6'], ['u/VectorBoson', 15, '2023-02-26 14:05', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/ja2vun6/', 'Ya I cannot believe they don\'t know what they are doing, even though it really looks like they don\'t know what they are doing. Continuing to raise rates when it is clear that we are heading into an economic downturn, and when the bond market has never been more confident that rates will quickly go back towards zero. The "rates higher for longer" is just a psychological tactic to try and bring CPI down before they have no choice in the matter to bring rates down otherwise the economy faces a debt crisis. The Fed is reactive to the real economy, they don\'t do anything of value. "Inflation", or CPI increases, in the last year was largely caused by supply and demand shifts and not by money printing, economics 101. The Fed is completely powerless to do anything to help in this case. Yet they try and make it seem like they can fix it because otherwise they will have to admit that they don\'t do anything and we are better off without them.', '11cake6'], ['u/Zealousideal_Neck78', 10, '2023-02-26 14:09', 'https://www.reddit.com/r/Bitcoin/comments/11cake6/we_now_understand_better_how_little_we_understand/ja2w9ne/', 'And we arent even being given the real inflation numbers, the peopl...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Solana is back and ticking upwards while bitcoin appears overbought.\nInsights:The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its lobbying efforts to ensure future regulation is effective.\nCoinDesk Market Index (CMI)\n1,111.23\n+22.5▲2.1%\nBitcoin (BTC)\n$23,475\n+354.0▲1.5%\nEthereum (ETH)\n$1,636\n+43.7▲2.7%\nS&P 500 daily close\n3,970.04\n−42.3▼1.1%\nGold\n$1,820\n+11.2▲0.6%\nTreasury Yield 10 Years\n3.95%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning, Asia, here’s how the crypto market is moving this Monday.\nSolana is up early 4%after the protocolcrashed twice during the weekend, freezing transactions. The Solana Foundation says aninvestigation is underway into the cause of the crashand will be available shortly.\nMeanwhile, bitcoin is trading flat at $23,475. The world’s largest digital asset is up 1.5% in the last 24 hours. Ether is up 2.7% to $1,636.\nKatie Stockton, founder, and managing partner at Fairlead Strategies, recently said on CoinDesk TV that bitcoin appears “overbought” making it difficult to clear $25,000.\n“The overbought condition would suggest that that resistance is left intact,” she said.\nEther, Stockton says, is looking just like bitcoin. Both are part of a top-down-oriented market where macro forces are price action “as opposed to the fundamental value of things.”\n“[Ether] does look just like bitcoin, the range there as defined by resistance around $1,670,” she said.\nJoe DiPasquale, CEO of crypto fund manager BitBull Capital, adds that bitcoin is attempting to find support during a minor price correction.\n"If bitcoin remains in the current range, we are likely to see $25,000 and then $30,000. A rejection from here could see $20,000 first, followed by $18,000," he said in an email to CoinDesk.\nLooking toward next week, the U.S is scheduled to announce its consumer confidence index for February on Tuesday and jobless claims on Thursday. In Asia, the People’s Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday.\nWith the world’s two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels.\nCrypto Lobbying Needs a Reset: More FTC, Less SEC\nCoinDesk Chief Content Officer Michael Casey writes the weekly "Money Reimagined"newsletter. This essay originallyappearedon CoinDesk\'s website on Feb. 24.\nIs there a method to the SEC’s madness?\nOf all the Securities and Exchange Commission’s (SEC) actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security?\nBut a recentaccount in Fortunesuggests the SEC may not have been thinking of securities law at all in that action. Binance was automatically converting competitor-issued stablecoins held by its exchange’s customers’ into BUSD. To me, that looks like an antitrust concern, not one of BUSD being a security.\nNow, if there’s one area of enforcement where the crypto community, with its anti-middleman ethos of decentralization, should get behind, it’s prosecution of monopolistic behavior. But that leaves us with the question of why is the SEC getting involved here and not the nation’s trustbuster, the Federal Trade Commission?\nI get two takeaways from this:\n• Another reminder that, in the absence of clear legislative boundaries for crypto, the SEC is striking out wherever it can to assert authority. It’s partly turf war, partly political posturing during a post-FTX moment in which crypto is a convenient whipping boy.\n• The crypto community has done a lousy job picking its friends and enemies within the U.S. government. Advocates should simultaneously work with the FTC to enforce a decentralized market structure for their own industry and with their allies in Congress to prevent the SEC from crimping mass adoption and undermining blockchain-based challenges to monopolies in other industries, such as finance and internet platforms. Instead, the industry fixates on the SEC as the bogeyman, a role in which Chairman Gary Gensler has seemed perfectly at home as his agency has launched a flurry of attention-grabbing actions against Binance/Paxos, Kraken, Terra-Luna and now the Voyager Digital creditors.\nFind the full articlehere:\nETHDenver 2023\nAnnual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape\n1 p.m. HKT/SGT(5 a.m. UTC):Japan leading economic index (Dec.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Unveils Its Layer 2 Base; Chamber of Digital Commerce CEO on State of Crypto Regulation\nCrypto exchange Coinbase’s new layer 2 blockchain Base had a rough start on Thursday, drawing a stream of complaints from users on social media. The Federal Reserve Board announced Thursday that it had again rejected crypto bank Custodia\'s bid for Fed supervision. Fairlead Strategies founder and managing partner Katie Stockton shared her crypto markets analysis. Plus, the Chamber of Digital Commerce founder and CEO Perianne Boring discussed why the crypto trade group wants the court to dismiss the SEC vs. Wahi lawsuit. Darma Capital President and co-founder Andrew Keys and Bitfy CEO and founder Lucas Schoch also joined the conversation.\nSolana Validators to Make Second Restart Attempt as Transaction Freeze Drags On:It’s still unclear what caused the service outage.\nGlobal Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings:The paper is expected to be ready by September.\nOasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack:The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.\nCrypto Investors\' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge:The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.\nCrypto Markets Analysis: Bitcoin Falls for the Week Amid Inflation, Rate Hike Fears:Ether and most other major cryptos also sank as investors mulled the prospect of prolonged monetary hawkishness.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Solana is back and ticking upwards while bitcoin appears overbought. Insights: The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its lobbying efforts to ensure future regulation is effective. Prices CoinDesk Market Index (CMI) 1,111.23 +22.5 ▲ 2.1% Bitcoin (BTC) $23,475 +354.0 ▲ 1.5% Ethereum (ETH) $1,636 +43.7 ▲ 2.7% S&P 500 daily close 3,970.04 −42.3 ▼ 1.1% Gold $1,820 +11.2 ▲ 0.6% Treasury Yield 10 Years 3.95% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning, Asia, here’s how the crypto market is moving this Monday. Solana is up early 4% after the protocol crashed twice during the weekend , freezing transactions. The Solana Foundation says an investigation is underway into the cause of the crash and will be available shortly. Meanwhile, bitcoin is trading flat at $23,475. The world’s largest digital asset is up 1.5% in the last 24 hours. Ether is up 2.7% to $1,636. Katie Stockton, founder, and managing partner at Fairlead Strategies, recently said on CoinDesk TV that bitcoin appears “overbought” making it difficult to clear $25,000. “The overbought condition would suggest that that resistance is left intact,” she said. Ether, Stockton says, is looking just like bitcoin. Both are part of a top-down-oriented market where macro forces are price action “as opposed to the fundamental value of things.” “[Ether] does look just like bitcoin, the range there as defined by resistance around $1,670,” she said. Joe DiPasquale, CEO of crypto fund manager BitBull Capital, adds that bitcoin is attempting to find support during a minor price correction. "If bitcoin remains in the current range, we are likely to see $25,000 and then $30,000. A rejection from here could see $20,000 first, followed by $18,000," he said in an email to CoinDesk. Story continues Looking toward next week, the U.S is scheduled to announce its consumer confidence index for February on Tuesday and jobless claims on Thursday. In Asia, the People’s Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday. With the world’s two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels. Insights Crypto Lobbying Needs a Reset: More FTC, Less SEC CoinDesk Chief Content Officer Michael Casey writes the weekly "Money Reimagined" newsletter . This essay originally appeared on CoinDesk\'s website on Feb. 24. Is there a method to the SEC’s madness? Of all the Securities and Exchange Commission’s (SEC) actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security? But a recent account in Fortune suggests the SEC may not have been thinking of securities law at all in that action. Binance was automatically converting competitor-issued stablecoins held by its exchange’s customers’ into BUSD. To me, that looks like an antitrust concern, not one of BUSD being a security. Now, if there’s one area of enforcement where the crypto community, with its anti-middleman ethos of decentralization, should get behind, it’s prosecution of monopolistic behavior. But that leaves us with the question of why is the SEC getting involved here and not the nation’s trustbuster, the Federal Trade Commission? I get two takeaways from this: Another reminder that, in the absence of clear legislative boundaries for crypto, the SEC is striking out wherever it can to assert authority. It’s partly turf war, partly political posturing during a post-FTX moment in which crypto is a convenient whipping boy. The crypto community has done a lousy job picking its friends and enemies within the U.S. government. Advocates should simultaneously work with the FTC to enforce a decentralized market structure for their own industry and with their allies in Congress to prevent the SEC from crimping mass adoption and undermining blockchain-based challenges to monopolies in other industries, such as finance and internet platforms. Instead, the industry fixates on the SEC as the bogeyman, a role in which Chairman Gary Gensler has seemed perfectly at home as his agency has launched a flurry of attention-grabbing actions against Binance/Paxos, Kraken, Terra-Luna and now the Voyager Digital creditors. Find the full article here : Important events ETHDenver 2023 Annual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape 1 p.m. HKT/SGT(5 a.m. UTC): Japan leading economic index (Dec.) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase Unveils Its Layer 2 Base; Chamber of Digital Commerce CEO on State of Crypto Regulation Crypto exchange Coinbase’s new layer 2 blockchain Base had a rough start on Thursday, drawing a stream of complaints from users on social media. The Federal Reserve Board announced Thursday that it had again rejected crypto bank Custodia\'s bid for Fed supervision. Fairlead Strategies founder and managing partner Katie Stockton shared her crypto markets analysis. Plus, the Chamber of Digital Commerce founder and CEO Perianne Boring discussed why the crypto trade group wants the court to dismiss the SEC vs. Wahi lawsuit. Darma Capital President and co-founder Andrew Keys and Bitfy CEO and founder Lucas Schoch also joined the conversation. Headlines Solana Validators to Make Second Restart Attempt as Transaction Freeze Drags On: It’s still unclear what caused the service outage. Global Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings: The paper is expected to be ready by September. Oasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack: The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds. Crypto Investors\' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge: The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users. Crypto Markets Analysis: Bitcoin Falls for the Week Amid Inflation, Rate Hike Fears: Ether and most other major cryptos also sank as investors mulled the prospect of prolonged monetary hawkishness.', 'Bitcoin and Ether rose on Monday morning in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization, though most are still trading lower from prices a week ago. Solana led the gainers, bouncing back from a network glitch. The gains in crypto came despite the declines in equities on Wall Street on Friday following release of data showing inflation remains stubbornly high.\nSee related article:IMF releases crypto action plan, advises against legal tender status\n• Bitcoin rose 1.70% in the past 24 hours to trade at US$23,559 as of 8 a.m. in Hong Kong, but is still down 3.15% for the past seven days, according toCoinMarketCap data. Ethereum gained 2.87% to US$1,640, reducing its loss for the week to 2.5%.\n• Solana bounced back 3.3% to US$23.25 after resolving a technical glitch on Saturday that had slowed transactions on the Solana blockchain, according to Solana monitoring siteSolana Status. The token is still down 6.5% for the seven day period.\n• Shiba Inu gained 3.6% after developersannouncedover the weekend a beta version of Shibarium, which is expected to reduce transaction fees and improve the scalability of the Shiba Inu blockchain. However, like other crypto, the meme token is down for the week, posting a weekly loss of 4.0%.\n• The total crypto market capitalization edged 1.9% higher to US$1.08 trillion, while the total trading volume fell by 8.2% over the past 24 hours to US$34.35 billion.\n• U.S. equities closed lower on Friday to post the worst week so far in 2023. The Dow Jones Industrial Average fell 1.02%, the S&P 500 dropped 1.05% and the Nasdaq Composite Index posted the biggest loss of 1.69%.\n• The losses in equities followed the release ofthe personal consumption expenditures price indexfor January, which rose 4.7% on year and 0.6% on month when excluding food and energy prices. The index is used by the Federal Reserve to track inflation, suggesting the central bank may be more likely to keep interest rates higher for longer to slow the pace of inflation.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. The JanuaryFed meeting minutesreleased last Wednesday showed policymakers agreed to moderate the size of rate increases, but warned the tightening cycle is not over.\n• Analysts at theCME Groupexpect a 72.3% chance that the Fed will raise rates by another 25 basis points next month. They also predict a 27.7% chance of 50 basis point hike, which has increased from 18.1% last week. The next Fed meeting to decide on interest rates will be held on March 21 and 22.\nSee related article:Taiwan must mandate a central authority to oversee crypto by May 16, says lawmaker', 'Bitcoin and Ether rose on Monday morning in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization, though most are still trading lower from prices a week ago. Solana led the gainers, bouncing back from a network glitch. The gains in crypto came despite the declines in equities on Wall Street on Friday following release of data showing inflation remains stubbornly high. See related article: IMF releases crypto action plan, advises against legal tender status Fast facts Bitcoin rose 1.70% in the past 24 hours to trade at US$23,559 as of 8 a.m. in Hong Kong, but is still down 3.15% for the past seven days, according to CoinMarketCap data . Ethereum gained 2.87% to US$1,640, reducing its loss for the week to 2.5%. Solana bounced back 3.3% to US$23.25 after resolving a technical glitch on Saturday that had slowed transactions on the Solana blockchain, according to Solana monitoring site Solana Status . The token is still down 6.5% for the seven day period. Shiba Inu gained 3.6% after developers announced over the weekend a beta version of Shibarium, which is expected to reduce transaction fees and improve the scalability of the Shiba Inu blockchain. However, like other crypto, the meme token is down for the week, posting a weekly loss of 4.0%. The total crypto market capitalization edged 1.9% higher to US$1.08 trillion, while the total trading volume fell by 8.2% over the past 24 hours to US$34.35 billion. U.S. equities closed lower on Friday to post the worst week so far in 2023. The Dow Jones Industrial Average fell 1.02%, the S&P 500 dropped 1.05% and the Nasdaq Composite Index posted the biggest loss of 1.69%. The losses in equities followed the release of the personal consumption expenditures price index for January, which rose 4.7% on year and 0.6% on month when excluding food and energy prices. The index is used by the Federal Reserve to track inflation, suggesting the central bank may be more likely to keep interest rates higher for longer to slow the pace of inflation. U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. The January Fed meeting minutes released last Wednesday showed policymakers agreed to moderate the size of rate increases, but warned the tightening cycle is not over. Analysts at the CME Group expect a 72.3% chance that the Fed will raise rates by another 25 basis points next month. They also predict a 27.7% chance of 50 basis point hike, which has increased from 18.1% last week. The next Fed meeting to decide on interest rates will be held on March 21 and 22. See related article: Taiwan must mandate a central authority to oversee crypto by May 16, says lawmaker', 'Bitcoin and Ether rose on Monday morning in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization, though most are still trading lower from prices a week ago. Solana led the gainers, bouncing back from a network glitch. The gains in crypto came despite the declines in equities on Wall Street on Friday following release of data showing inflation remains stubbornly high.\nSee related article:IMF releases crypto action plan, advises against legal tender status\n• Bitcoin rose 1.70% in the past 24 hours to trade at US$23,559 as of 8 a.m. in Hong Kong, but is still down 3.15% for the past seven days, according toCoinMarketCap data. Ethereum gained 2.87% to US$1,640, reducing its loss for the week to 2.5%.\n• Solana bounced back 3.3% to US$23.25 after resolving a technical glitch on Saturday that had slowed transactions on the Solana blockchain, according to Solana monitoring siteSolana Status. The token is still down 6.5% for the seven day period.\n• Shiba Inu gained 3.6% after developersannouncedover the weekend a beta version of Shibarium, which is expected to reduce transaction fees and improve the scalability of the Shiba Inu blockchain. However, like other crypto, the meme token is down for the week, posting a weekly loss of 4.0%.\n• The total crypto market capitalization edged 1.9% higher to US$1.08 trillion, while the total trading volume fell by 8.2% over the past 24 hours to US$34.35 billion.\n• U.S. equities closed lower on Friday to post the worst week so far in 2023. The Dow Jones Industrial Average fell 1.02%, the S&P 500 dropped 1.05% and the Nasdaq Composite Index posted the biggest loss of 1.69%.\n• The losses in equities followed the release ofthe personal consumption expenditures price indexfor January, which rose 4.7% on year and 0.6% on month when excluding food and energy prices. The index is used by the Federal Reserve to track inflation, suggesting the central bank may be more likely to keep interest rates higher for longer to slow the pace of inflation.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. The JanuaryFed meeting minutesreleased last Wednesday showed policymakers agreed to moderate the size of rate increases, but warned the tightening cycle is not over.\n• Analysts at theCME Groupexpect a 72.3% chance that the Fed will raise rates by another 25 basis points next month. They also predict a 27.7% chance of 50 basis point hike, which has increased from 18.1% last week. The next Fed meeting to decide on interest rates will be held on March 21 and 22.\nSee related article:Taiwan must mandate a central authority to oversee crypto by May 16, says lawmaker', 'Join the most important conversation in crypto and web3! Secure your seat today\nLiquid staking, which allows users to earn rewards for locking cryptocurrency in a blockchain network while retaining the liquidity of the locked funds, is now bigger thandecentralized lending and borrowing.\nThe total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European trading hours on Monday, making it the second-largest crypto market sector, according to data sourceDefiLlama. The total value locked in decentralized-finance (DeFi) lending and borrowing protocols was $13.7 billion, the third largest, while decentralized exchanges, with deposits of $19.4 billion, held the top spot.\nThe Ethereum blockchain\'s upcoming Shanghai software upgrade, which will allow stakers to withdraw the ether(ETH) they have staked and the accumulated rewards for the first time, has galvanized investor interest in liquid staking. Liquid staking is the best-performing crypto sector this year, with growth in total value locked approaching 60%.\n"It [the upgrade] will innovate the current space by allowing for healthy competition between liquid staking solutions, will strengthen ETH\'s position by providing yield from staking/unstaking, and will give users the security of maintaining sovereignty over their assets," Ryan Selkis, CEO of crypto research firm and data provider Messari, said in a newsletter published Friday.\nBy opening up to withdrawals, the upgrade is expected to improve overall liquidity. Since December 2020, more than 16.5 million ETH has been staked in Ethereum\'s Beacon Chain, of which 42% has been locked through liquid staking protocols, mainly Lido.\nUsers of liquid staking protocols like Lido receive derivative tokens such as staked ether (stETH) on a 1:1 basis. These derivative tokens represent a user\'s stake and can be used to generate additional yield across Defi protocols. Lido\'s governance tokenLDOhas rallied 220% this year, outperforming industry leaders bitcoin (BTC) and ether by a huge margin. Governance tokens of Lido\'s rivals Rocket Pool and Frax have also surged, according toCoinDesk data.\nLiquid staking\'s increased popularity relative to decentralized lending could also be attributed to the yield differential between the two sectors.\nLido, which controls over 75% of the liquid staking market, offers an annualized percentage return of 4.8% on staked ether, 6% on staked solana and 6.3% on Polygon\'sMATICtoken. That\'s higher than the rates available for lending top stablecoins USDT, USDC and DAI on the DeFi giant Aave.\nLiquid staking is expected to grow further, because the ETH staking ratio, which measures the percentage of the cryptocurrency\'s supply staked, is significantly lower than other layer 1 cryptocurrencies.\n"Only 14% of ETH is currently being staked vs. 58%, the average for layer 1 coins, Markus Thielen, head of research and strategy at digital-assets platform Matrixport, told CoinDesk. Its likely interest in staking will continue to swell."\nBinance Research recently voiced a similar opinion, forecasting more inflow of money into staking protocols after the Shanghai upgrade.\n"It could be argued that many groups of individuals had been waiting for Shanghai to stake their ETH, as withdrawals will remove the liquidity risk and uncertainty of an previously undefined lock-up period," Binance Researchsaid in a reportearly this month.', 'Join the most important conversation in crypto and web3! Secure your seat today Liquid staking, which allows users to earn rewards for locking cryptocurrency in a blockchain network while retaining the liquidity of the locked funds, is now bigger than decentralized lending and borrowing . The total value of crypto assets deposited in liquid staking protocols was $14.1 billion as of European trading hours on Monday, making it the second-largest crypto market sector, according to data source DefiLlama . The total value locked in decentralized-finance ( DeFi ) lending and borrowing protocols was $13.7 billion, the third largest, while decentralized exchanges, with deposits of $19.4 billion, held the top spot. The Ethereum blockchain\'s upcoming Shanghai software upgrade, which will allow stakers to withdraw the ether (ETH ) they have staked and the accumulated rewards for the first time, has galvanized investor interest in liquid staking. Liquid staking is the best-performing crypto sector this year, with growth in total value locked approaching 60%. "It [the upgrade] will innovate the current space by allowing for healthy competition between liquid staking solutions, will strengthen ETH\'s position by providing yield from staking/unstaking, and will give users the security of maintaining sovereignty over their assets," Ryan Selkis, CEO of crypto research firm and data provider Messari, said in a newsletter published Friday. By opening up to withdrawals, the upgrade is expected to improve overall liquidity. Since December 2020, more than 16.5 million ETH has been staked in Ethereum\'s Beacon Chain, of which 42% has been locked through liquid staking protocols, mainly Lido. Users of liquid staking protocols like Lido receive derivative tokens such as staked ether (stETH) on a 1:1 basis. These derivative tokens represent a user\'s stake and can be used to generate additional yield across Defi protocols. Lido\'s governance token LDO has rallied 220% this year, outperforming industry leaders bitcoin ( BTC ) and ether by a huge margin. Governance tokens of Lido\'s rivals Rocket Pool and Frax have also surged, according to CoinDesk data . Liquid staking\'s increased popularity relative to decentralized lending could also be attributed to the yield differential between the two sectors. Lido, which controls over 75% of the liquid staking market, offers an annualized percentage return of 4.8% on staked ether, 6% on staked solana and 6.3% on Polygon\'s MATIC token. That\'s higher than the rates available for lending top stablecoins USDT, USDC and DAI on the DeFi giant Aave. Story continues Liquid staking is expected to grow further, because the ETH staking ratio, which measures the percentage of the cryptocurrency\'s supply staked, is significantly lower than other layer 1 cryptocurrencies. "Only 14% of ETH is currently being staked vs. 58%, the average for layer 1 coins, Markus Thielen, head of research and strategy at digital-assets platform Matrixport, told CoinDesk. Its likely interest in staking will continue to swell." Ether\'s staking ratio is materially lower than its. competitors. (Binance Research) Binance Research recently voiced a similar opinion, forecasting more inflow of money into staking protocols after the Shanghai upgrade. "It could be argued that many groups of individuals had been waiting for Shanghai to stake their ETH, as withdrawals will remove the liquidity risk and uncertainty of an previously undefined lock-up period," Binance Research said in a report early this month. View comments', 'It’s no secret that the bad actors lurking within the crypto industry were exposed this past year, and while distressing, these demerits may actually be a signal of better and healthier times ahead. In spite of thecollapse of FTXand other crypto companies as well as sour bear market conditions, the industry is on track to make it out the other side and restructure into something stronger and more robust.\nCrypto will turn 15 later this year (counting from theBitcoin whitepaper’sOctober 2008 debut), and just like any teenager, the industry is bound to experience rough patches and growing pains. These pitfalls prove that crypto is evolving — shaking off the industry’s dead weight and picking up key learnings that will help it to mature into a more legitimate space. Weeding out the fraudsters alongside baseless projects will only leave room for stronger utilitarian protocols to thrive and lead crypto into young-adulthood.\nOnce praised for being unshakeable against traditional financial market conditions, this past year has proven otherwise fordecentralized finance(DeFi) and the larger crypto industry. We understand that the crypto market is cyclical, and although we endured a valley of depreciating prices, there are several signals that indicate a bullish future. In the midst of a depressed market, building is the best thing anyone can do in preparation for a more crypto-favorable future.\nThe benefit of a cold market is that fewer projects that lack value or utility find success. This is a quite different reality than the DeFi Summer of 2021, where it felt like anyone could build something and win users based solely on broad vision statements, promises, or even just memes.\nAccording toCoinGecko, out of the over 8,000 cryptocurrencies listed on the platform in 2021, nearly 40% of them have failed and gotten delisted — that makes for over 3,000 dead tokens. In 2022, that same statistic was closer to 12%. While bull markets bring inflated prices, they also give rise to projects without lasting power in a way that bear markets directly combat.\nThis past year contained one of the most important crypto milestones since its invention,Ethereum’s switchtoproof of stake(PoS). In addition to a number of different improvements, from increasing decentralization to laying the groundwork for future technological advancement, Ethereum now qualifies as an energy-efficient blockchain, having cut over 99% of its energy footprint.\nFTX founder Sam Bankman-Fried may have muddied the reputation of effective altruism and crypto giving, thanks to his attempt to out Madoff Bernie, but this doesn’t negate the good created by crypto philanthropy. In many ways, the blockchain makes charitable giving better and it will only continue to do so, focused keenly on transparency.\nProjects like Endaoment, one of the first 501(c)3 nonprofit built entirely on the Ethereum blockchain, hitUS$50 milliondonations since January of 2021, andThe Giving Blockhas seen over US$100 million in donations from January to October 2022 alone. On a human level, those affected and enduring the violence in Ukraine were able to receive overUS$135M in donationssince the start of the war through crypto giving, including NFTs. The growing popularity of on-chain donations is not only impactful, but it has made philanthropic giving safer by making the process more transparent through use of on-chain rails.\nUnfortunately, there will always be bad actors in our and every industry, but that doesn’t label the technology as evil or ineffective. As we throw out the bad eggs, the best will be left to build out their verticals within this decentralized ecosystem and shepherd light back into the market.\nNFTs, or non-fungible tokens, may have fallen from the heights of their heyday, but they are not dead — just evolving.\nNFTs may have fallen from the heights of their heyday, but they are not dead — just evolving. NFTs performed surprisingly well in 2022 compared to previous years, reaching 101 million in sales — a 68% increase from 2021 according toDappRadar\nNFTs are also morphing into tools that connect collectors with more experiential perks and/or physical activations and merchandise. Dibbs found that64% of NFTshave two or more utilities, moving past the unidimensional perception of digital assets, andBanklessTimes.comfound thatwash trading declined by 59%over the second half of 2022. If anything, NFTs are leveling up to become an even more formidable and functional asset class of their own.\n2023 offers a clean slate for crypto to push past its growing pains and support projects with tangible value. There is an opportunistic mindset the community should adopt when observing crypto’s rise and fall of the past year. Many jaw-dropping moments took us by surprise, but with the goodwill of those surviving the battle years, the ecosystem will surely refine itself as it grows into young adulthood. If we can embrace the failures and view crypto as a young teen wrestling with identity and purpose (and maturing along the way), then the bear market and the challenges that accompany it don’t feel catastrophic — it’s only a stepping stone to a brighter future.', 'It’s no secret that the bad actors lurking within the crypto industry were exposed this past year, and while distressing, these demerits may actually be a signal of better and healthier times ahead. In spite of the collapse of FTX and other crypto companies as well as sour bear market conditions, the industry is on track to make it out the other side and restructure into something stronger and more robust. Crypto will turn 15 later this year (counting from the Bitcoin whitepaper’s October 2008 debut), and just like any teenager, the industry is bound to experience rough patches and growing pains. These pitfalls prove that crypto is evolving — shaking off the industry’s dead weight and picking up key learnings that will help it to mature into a more legitimate space. Weeding out the fraudsters alongside baseless projects will only leave room for stronger utilitarian protocols to thrive and lead crypto into young-adulthood. Survival of the fittest Once praised for being unshakeable against traditional financial market conditions, this past year has proven otherwise for decentralized finance (DeFi) and the larger crypto industry. We understand that the crypto market is cyclical, and although we endured a valley of depreciating prices, there are several signals that indicate a bullish future. In the midst of a depressed market, building is the best thing anyone can do in preparation for a more crypto-favorable future. The benefit of a cold market is that fewer projects that lack value or utility find success. This is a quite different reality than the DeFi Summer of 2021, where it felt like anyone could build something and win users based solely on broad vision statements, promises, or even just memes. According to CoinGecko , out of the over 8,000 cryptocurrencies listed on the platform in 2021, nearly 40% of them have failed and gotten delisted — that makes for over 3,000 dead tokens. In 2022, that same statistic was closer to 12%. While bull markets bring inflated prices, they also give rise to projects without lasting power in a way that bear markets directly combat. Story continues This past year contained one of the most important crypto milestones since its invention, Ethereum’s switch to proof of stake (PoS). In addition to a number of different improvements, from increasing decentralization to laying the groundwork for future technological advancement, Ethereum now qualifies as an energy-efficient blockchain, having cut over 99% of its energy footprint. Crypto philanthropy FTX founder Sam Bankman-Fried may have muddied the reputation of effective altruism and crypto giving, thanks to his attempt to out Madoff Bernie, but this doesn’t negate the good created by crypto philanthropy. In many ways, the blockchain makes charitable giving better and it will only continue to do so, focused keenly on transparency. Projects like Endaoment, one of the first 501(c)3 nonprofit built entirely on the Ethereum blockchain, hit US$50 million donations since January of 2021, and The Giving Block has seen over US$100 million in donations from January to October 2022 alone. On a human level, those affected and enduring the violence in Ukraine were able to receive over US$135M in donations since the start of the war through crypto giving, including NFTs. The growing popularity of on-chain donations is not only impactful, but it has made philanthropic giving safer by making the process more transparent through use of on-chain rails. Unfortunately, there will always be bad actors in our and every industry, but that doesn’t label the technology as evil or ineffective. As we throw out the bad eggs, the best will be left to build out their verticals within this decentralized ecosystem and shepherd light back into the market. What about NFTs? NFTs , or non-fungible tokens, may have fallen from the heights of their heyday, but they are not dead — just evolving. NFTs may have fallen from the heights of their heyday, but they are not dead — just evolving. NFTs performed surprisingly well in 2022 compared to previous years, reaching 101 million in sales — a 68% increase from 2021 according to DappRadar NFTs are also morphing into tools that connect collectors with more experiential perks and/or physical activations and merchandise. Dibbs found that 64% of NFTs have two or more utilities, moving past the unidimensional perception of digital assets, and BanklessTimes.com found that wash trading declined by 59% over the second half of 2022. If anything, NFTs are leveling up to become an even more formidable and functional asset class of their own. Onward to young adulthood 2023 offers a clean slate for crypto to push past its growing pains and support projects with tangible value. There is an opportunistic mindset the community should adopt when observing crypto’s rise and fall of the past year. Many jaw-dropping moments took us by surprise, but with the goodwill of those surviving the battle years, the ecosystem will surely refine itself as it grows into young adulthood. If we can embrace the failures and view crypto as a young teen wrestling with identity and purpose (and maturing along the way), then the bear market and the challenges that accompany it don’t feel catastrophic — it’s only a stepping stone to a brighter future.', 'Join the most important conversation in crypto and web3! Secure your seat today\nProminent crypto investment funds are turning to tokens of the Stacks Network as they bet on the growth of Bitcoin. Stacks is a so-called layer 2 companion chain for smart contracts focused on bitcoin (BTC), the largest cryptocurrency by market cap, allowing for the creation of related financial products.\nStack’s STX tokens have jumped 23% in the past 24 hours, adding to a 50% surge over a seven-day rolling period,CoinGecko datashows. Demand for the tokens hasincreased since the arrivalof the Ordinals protocol, which went live on Jan. 21 and allows users to inscribe references to digital art into small transactions on the Bitcoin blockchain. The token\'s market cap topped $1.2 billion as of Monday.\nA recently published investment thesis by North Rock Digital highlighted Stacks\' focus ondecentralized finance(DeFi), the innovative use of smart contracts and its compatibility with Bitcoin as attributes that set it apart from other blockchain projects.\n“We believe there is a massive and relatively untapped market opportunity, a huge cultural inflection point in the community (sparked by ordinals) and transformative Stacks upgrade coming later this year,” North Rock Digital founder Hal Presssaid in a tweetover the weekend.\nThe firm noted that Stacks has a strong community, experienced leadership and a clear road map for growth, and concluded that investing in Stacks could yield big returns as the project develops and gains adoption.\nSince its launch, Ordinals hascaused a spikein bitcoin transactions and a resurgence in Bitcoin network development. It has alsoreignited discussionsof Bitcoin scaling – a controversial topic in crypto circles.\nSo far, more than 197,000 unique inscriptions, a term for each individual token on Ordinals, have been conducted, Dune Analyticsdata shows.\nNorth Rock didn\'t disclose specifics of its STX investment. Press didn\'t immediately respond to requests for comments.\nIn its thesis, North Rock said Stacks offers several advantages over blockchain platforms such as Ethereum, including lower fees, faster transaction times and enhanced security.\nThe analysis also explores potential use cases for Stacks technology, including the creation of decentralized social-media platforms, prediction and trading markets and lending and borrowing applications. Such products are the bedrock for $50 billion in locked token value on applications built on other blockchains,data from DefiLlamashows.\nA Stacks upgrade scheduled for March 20 may have also contributed to the recent price growth of STX. Developersintroduced the Stacks 2.1 upgrade in a postlast week that details several new features and improvements to the protocol.\nOne of the main features is the introduction of "Stacking 2.0," an updated version of the Stacks consensus mechanism. Stacking is a process in which STX token holders can lock up their tokens to help secure the network and earn rewards.\nStacking 2.0 aims to make the process more accessible and inclusive by allowing smaller token holders to participate and earn rewards. The upgrade will also add improvements to smart contract functionality, enhanced scalability through the use of a new "microblocks" feature and better support fornon-fungible tokens(NFTs).', 'Join the most important conversation in crypto and web3! Secure your seat today Prominent crypto investment funds are turning to tokens of the Stacks Network as they bet on the growth of Bitcoin. Stacks is a so-called layer 2 companion chain for smart contracts focused on bitcoin ( BTC ), the largest cryptocurrency by market cap, allowing for the creation of related financial products. Stack’s STX tokens have jumped 23% in the past 24 hours, adding to a 50% surge over a seven-day rolling period, CoinGecko data shows. Demand for the tokens has increased since the arrival of the Ordinals protocol, which went live on Jan. 21 and allows users to inscribe references to digital art into small transactions on the Bitcoin blockchain. The token\'s market cap topped $1.2 billion as of Monday. A recently published investment thesis by North Rock Digital highlighted Stacks\' focus on decentralized finance (DeFi), the innovative use of smart contracts and its compatibility with Bitcoin as attributes that set it apart from other blockchain projects. “We believe there is a massive and relatively untapped market opportunity, a huge cultural inflection point in the community (sparked by ordinals) and transformative Stacks upgrade coming later this year,” North Rock Digital founder Hal Press said in a tweet over the weekend. The firm noted that Stacks has a strong community, experienced leadership and a clear road map for growth, and concluded that investing in Stacks could yield big returns as the project develops and gains adoption. Ordinals have seen a recent spike in activity after brisk growth in January. (Dune Analytics) Since its launch, Ordinals has caused a spike in bitcoin transactions and a resurgence in Bitcoin network development. It has also reignited discussions of Bitcoin scaling – a controversial topic in crypto circles. So far, more than 197,000 unique inscriptions, a term for each individual token on Ordinals, have been conducted, Dune Analytics data shows . North Rock didn\'t disclose specifics of its STX investment. Press didn\'t immediately respond to requests for comments. Story continues In its thesis, North Rock said Stacks offers several advantages over blockchain platforms such as Ethereum, including lower fees, faster transaction times and enhanced security. The analysis also explores potential use cases for Stacks technology, including the creation of decentralized social-media platforms, prediction and trading markets and lending and borrowing applications. Such products are the bedrock for $50 billion in locked token value on applications built on other blockchains, data from DefiLlama shows. With the halving only a year away we have been thinking about how to position for what will be the largest theme in crypto over the next twelve months. We have spent several months looking for the best ways to get exposure to this theme and all roads have led back to $STX . — Hal Press (@NorthRockLP) February 25, 2023 A Stacks upgrade scheduled for March 20 may have also contributed to the recent price growth of STX. Developers introduced the Stacks 2.1 upgrade in a post last week that details several new features and improvements to the protocol. One of the main features is the introduction of "Stacking 2.0," an updated version of the Stacks consensus mechanism. Stacking is a process in which STX token holders can lock up their tokens to help secure the network and earn rewards. Stacking 2.0 aims to make the process more accessible and inclusive by allowing smaller token holders to participate and earn rewards. The upgrade will also add improvements to smart contract functionality, enhanced scalability through the use of a new "microblocks" feature and better support for non-fungible tokens (NFTs).', 'Join the most important conversation in crypto and web3! Secure your seat today\nProminent crypto investment funds are turning to tokens of the Stacks Network as they bet on the growth of Bitcoin. Stacks is a so-called layer 2 companion chain for smart contracts focused on bitcoin (BTC), the largest cryptocurrency by market cap, allowing for the creation of related financial products.\nStack’s STX tokens have jumped 23% in the past 24 hours, adding to a 50% surge over a seven-day rolling period,CoinGecko datashows. Demand for the tokens hasincreased since the arrivalof the Ordinals protocol, which went live on Jan. 21 and allows users to inscribe references to digital art into small transactions on the Bitcoin blockchain. The token\'s market cap topped $1.2 billion as of Monday.\nA recently published investment thesis by North Rock Digital highlighted Stacks\' focus ondecentralized finance(DeFi), the innovative use of smart contracts and its compatibility with Bitcoin as attributes that set it apart from other blockchain projects.\n“We believe there is a massive and relatively untapped market opportunity, a huge cultural inflection point in the community (sparked by ordinals) and transformative Stacks upgrade coming later this year,” North Rock Digital founder Hal Presssaid in a tweetover the weekend.\nThe firm noted that Stacks has a strong community, experienced leadership and a clear road map for growth, and concluded that investing in Stacks could yield big returns as the project develops and gains adoption.\nSince its launch, Ordinals hascaused a spikein bitcoin transactions and a resurgence in Bitcoin network development. It has alsoreignited discussionsof Bitcoin scaling – a controversial topic in crypto circles.\nSo far, more than 197,000 unique inscriptions, a term for each individual token on Ordinals, have been conducted, Dune Analyticsdata shows.\nNorth Rock didn\'t disclose specifics of its STX investment. Press didn\'t immediately respond to requests for comments.\nIn its thesis, North Rock said Stacks offers several advantages over blockchain platforms such as Ethereum, including lower fees, faster transaction times and enhanced security.\nThe analysis also explores potential use cases for Stacks technology, including the creation of decentralized social-media platforms, prediction and trading markets and lending and borrowing applications. Such products are the bedrock for $50 billion in locked token value on applications built on other blockchains,data from DefiLlamashows.\nA Stacks upgrade scheduled for March 20 may have also contributed to the recent price growth of STX. Developersintroduced the Stacks 2.1 upgrade in a postlast week that details several new features and improvements to the protocol.\nOne of the main features is the introduction of "Stacking 2.0," an updated version of the Stacks consensus mechanism. Stacking is a process in which STX token holders can lock up their tokens to help secure the network and earn rewards.\nStacking 2.0 aims to make the process more accessible and inclusive by allowing smaller token holders to participate and earn rewards. The upgrade will also add improvements to smart contract functionality, enhanced scalability through the use of a new "microblocks" feature and better support fornon-fungible tokens(NFTs).', 'Bitcoin and Ethereum rose in Monday afternoon trade in Asia along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization. Asian markets dropped on Monday, following last Friday’s Wall Street selloff, as investors brace for more interest rate hikes in the U.S. due to persistently high inflation. See related article: Weekly Market Wrap: Bitcoin lingers at US$24,000 level after Wall Street’s worst day in 2023 so far Fast facts Bitcoin, the biggest cryptocurrency by market capitalization, rose 1.18% to US$23,441 in the 24 hours to
**Last 60 Days of Bitcoin's Closing Prices:**
[16642.34, 16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-27
**Financial & Commodity Data:**
- Gold Closing Price: $1817.00
- Crude Oil Closing Price: $75.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $454,533,186,244
- Hash Rate: 299630548.4861114
- Transaction Count: 292748.0
- Unique Addresses: 644967.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Goldman Sach's gives its list of high Sharpe ratio stocks. Andrew Kelly/Reuters US stocks rose on Friday and finished off their best week since November. All three indexes gained despite warnings from major banks of tough times ahead. JPMorgan, Citigroup, and Bank of America have forecast a mild recession to hit the economy in 2023. US stocks gained on Friday amid warnings from major banks of tough economic times ahead. All three indexes fell Friday morning, but posted steady gains through the day to end in the green. In particular, S&P 500 rose to finish its best week since November, when investors bet inflation would decline into the new year. Executives from JPMorgan, Citigroup, and Bank of America said they expect a mild recession to hit the economy this year. JPMorgan CEO Jamie Dimon pointed to several headwinds that could rattle the economy, such as the ongoing war in Ukraine, high interest rates, and inflation, which is still well-above the Federal Reserve's 2% target. Still, consumers have grown more optimistic, with the US Michigan consumer sentiment survey clocking in at a nine-month high of 64.6 in January, up from 59.7 in December. The 10-year Treasury yield ticked higher by six basis points to 3.51%. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday: S&P 500 : 3,999.08, up 0.4% Dow Jones Industrial Average : 34,302.61, up 0.33% (112.64 points) Nasdaq Composite : 11,079.16, up 0.71% Here's what else is happening today: Tesla's price cuts show that Elon Musk isn't going to "play nice" and the EV-maker is going on offense to spur demand, Wedbush said. "Dr. Doom" Nouriel Roubini said the Fed will wimp out on its inflation fight—and gold could be the best protection for investors. Stocks will suffer this year as a recession hits, but it could be the time to load up on bonds, PIMCO said. More than half of the CPI components are in deflation mode, and that could mean good news for the market, according to Fundstrat. China's trade with Russia just hit a record $190 billion in 2022, a sign the two nations are strengthening their trade ties amid western sanctions. The Chinese government is buying Alibaba and Tencent shares that give the Communist Party special rights over some business decisions, a report said. Story continues In commodities, bonds, and crypto: West Texas Intermediate crude gained 1.8% to $79.87 per barrel. Brent crude, the international benchmark, rose 0.2% to $85.30. Gold tacked on 1.1% to trade at $1,919.57 per ounce. The 10-year Treasury yield ticked higher six basis points to 3.51%. Bitcoin gained 2.6% to $19,363.67. Read the original article on Business Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["[ Source ] A fugitive drug lord in Thailand who evaded authorities for months by transforming himself to pass as a Korean man was finally arrested by the local police in Bangkok on Thursday. The 25-year-old suspect, identified as Saharat Sawangjaeng, underwent multiple plastic surgeries and adopted the alias “Jimin Cheong” to successfully elude arrest after being on the run since Dec. 2022. Sawangjaeng is accused of importing the psychoactive drug methyl\u200benedioxy\u200bmethamphetamine (MDMA) , commonly seen in tablet form (ecstasy) and crystal form (molly), from the Netherlands and other parts of Europe to Thailand. The Metropolitan Police Bureau (MPB) considers him “one of the main causes of Bangkok’s MDMA epidemic.” More from NextShark: Asian American Advocates Team Up on Easter to Support FDNY EMS Investigators monitoring the movement of ecstasy to local distributors across Bangkok traced the drugs to what witnesses described as a “handsome Korean man.“ An undercover officer posing as a prospective drug mule eventually led to his arrest at a condominium in Bangkok’s Bang Na district. The officers were shocked to discover that the “Korean man” they arrested was the same man they arrested three times before as “none of his original face was left.” In his previous arrest over an assault charge, police recovered 290 ecstasy pills and 4.4 pounds of narcotics in liquid form in his possession. He managed to escape detention and began altering his appearance to avoid arrest. More from NextShark: Man Arrested for Stabbing Burmese Man and His Son in Texas Sam's Club After being apprehended last week, Sawangjaeng told authorities that he was bored with his life in Thailand and wanted to start a new life by moving to South Korea. Upon questioning, the suspect admitted to using Bitcoin to purchase drugs on the Dark Web and selling them to local buyers in Bangkok. He has since been charged with the illegal importation of narcotics. According to Thai police, Sawangjaeng’s arrest opens up the local investigation into more suspects from foreign countries involved in the illegal drug trade. Story continues More from NextShark: Gemma Chan Becomes the Face of the World's Biggest Beauty Brand Enjoy this content? Read more from NextShark! Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped", "[ Source ] A fugitive drug lord in Thailand who evaded authorities for months by transforming himself to pass as a Korean man was finally arrested by the local police in Bangkok on Thursday. The 25-year-old suspect, identified as Saharat Sawangjaeng, underwent multiple plastic surgeries and adopted the alias “Jimin Cheong” to successfully elude arrest after being on the run since Dec. 2022. Sawangjaeng is accused of importing the psychoactive drug methyl\u200benedioxy\u200bmethamphetamine (MDMA) , commonly seen in tablet form (ecstasy) and crystal form (molly), from the Netherlands and other parts of Europe to Thailand. The Metropolitan Police Bureau (MPB) considers him “one of the main causes of Bangkok’s MDMA epidemic.” More from NextShark: Asian American Advocates Team Up on Easter to Support FDNY EMS Investigators monitoring the movement of ecstasy to local distributors across Bangkok traced the drugs to what witnesses described as a “handsome Korean man.“ An undercover officer posing as a prospective drug mule eventually led to his arrest at a condominium in Bangkok’s Bang Na district. The officers were shocked to discover that the “Korean man” they arrested was the same man they arrested three times before as “none of his original face was left.” In his previous arrest over an assault charge, police recovered 290 ecstasy pills and 4.4 pounds of narcotics in liquid form in his possession. He managed to escape detention and began altering his appearance to avoid arrest. More from NextShark: Man Arrested for Stabbing Burmese Man and His Son in Texas Sam's Club After being apprehended last week, Sawangjaeng told authorities that he was bored with his life in Thailand and wanted to start a new life by moving to South Korea. Upon questioning, the suspect admitted to using Bitcoin to purchase drugs on the Dark Web and selling them to local buyers in Bangkok. He has since been charged with the illegal importation of narcotics. According to Thai police, Sawangjaeng’s arrest opens up the local investigation into more suspects from foreign countries involved in the illegal drug trade. Story continues More from NextShark: Gemma Chan Becomes the Face of the World's Biggest Beauty Brand Enjoy this content? Read more from NextShark! Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped", 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin stays rooted near the $23.5K threshold. Ether and many other major cryptos trade flat.\nInsights:China-based developers can interact with layer 1 blockchain Conflux, but the protocol\'s relationship with the country remains complicated.\nCoinDesk Market Index (CMI)\n1,091\n−3.3▼0.3%\nBitcoin (BTC)\n$23,418\n−88.7▼0.4%\nEthereum (ETH)\n$1,631\n−7.5▼0.5%\nS&P 500\n3,982.24\n+12.2▲0.3%\nGold\n$1,824\n+7.0▲0.4%\nNikkei 225\n27,423.96\n−29.5▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23.5K\nBitcoin continued its weekend encampment near $23,500 into Monday as investors spent yet another day weighing fiendishly stubborn inflation and the prospects of the U.S. Federal Reserve hiking interest rates more hawkishly than was previously expected.\nThe largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 basis point rate increase instead of 25 bps.\n“Markets of late have been pricing in rates that will remain higher for longer than previously anticipated because of inflation numbers that seem to be rather stubborn," Brent Xu, CEO and co-founder of Web 3 bond-market platform Umee, wrote in an email to CoinDesk. "A possible 50-basis-point hike could be in the offing now, too."\nYet Xu also noted hopefully that crypto markets have not seen "a massive drawdown ... that the more alarmist crypto Twitter commentators have been warning about."\n"I suspect that we haven’t seen a massive pullback because the forced sellers have already sold," he wrote, adding: "Last year’s daisy chain of blowups appears to have mostly come to an end. This isn’t to say that we can’t go lower from here. But a bottom for this cycle is probably in now, and in turn we are probably in an accumulation phase. I think we need to be prepared for sideways action for some time.”\nEther was almost equally flat, changing hands at about $1,630. Most other major cryptocurrencies were flat or edged down slightly with layer 2 platform Polygon\'s MATIC token and decentralized finance protocol Aave\'s AAVE token both recently down about 3%. TheCoinDesk Market Index, a measure of crypto markets overall performance ticked down about 0.36%.\nAfter a week to forget, equity markets returned to their winning ways, however slightly. The tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all ticked up a few fractions of a percentage point. Treasury yields dipped slightly but remained fretfully high at above $3.90 on a 10-year note.\nTo be sure, some crypto news Mondaywas ominousfor markets, none more thana reportby crypto asset manager CoinShares that short-bitcoin funds had $10 million in inflows during the week ended Feb. 24 and that long-bitcoin funds bled $12 million, the third straight weekly outflow. Later in the day, crypto exchange Coinbasetweetedthat itwould suspendtrading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards – the latest body blow to the stablecoin sector.\nYet, at least one other analyst was feeling at least partly upbeat about crypto prices\' path forward. In an interview with CoinDesk TV, Bruno Ramos de Sousa, head of new markets at crypto asset manager Hashdex, said that markets were "in the recovery phase already ... past the bottom." Ramos de Sousa noted increased interest among institutional investors in recent months.\n"They\'re educated in the sector, and they\'re looking for interesting windows to come in," he said. "These are hedge funds, family offices, people concerned with bottoms and ups."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.6%", "DACS Sector": "Computing"}]\nLayer 1 Blockchain Conflux Has a Complicated Relationship With China\nBeijing is pro-blockchain, but anti-crypto. It sees the former as a key technology, as important in the 21st century as the hypertext transport protocol (HTTP) was in the 20th; the latter is a speculative asset that inhibits the worst parts of capitalism.\nMeanwhile, "China" tokens are surging. "China" is in quotes because most of these projects like NEO, VeChain (VET), and Conflux (CFX) go to great lengths to limit their exposure to China. They have development teams in China, but the company is registered offshore.\nYou can use the technology within the country, just not trade the token. A version of NEO is available onChina’s Blockchain Service Network, for instance, but this exists as a seperate universe from the NEO the rest of the world sees in order to comply with local law.\nIn many cases, these tokens are divorced from the project. You can’t see China data on-chain, and it might be questionable as to what is driving the token’s growth.\nConflux’s CFX token is the exception to this.\nCan you trade Conflux’s CFX token in China? No.\nCan someone within China interact with the Western-facing portion of the Conflux chain? Also no, these parts are segregated.\nBut at the same time, CFX is the tie that binds the two together.\n"There is only one chain, but we have two spaces," Fan Long, Conflux’s co-founder, told CoinDesk by email. "You can think of the spaces acting like independent chains but they share the same consensus engine. There is no security risk of moving assets across two spaces."\nWithin China, CFX relies on Conflux’s sponsorship mechanism, which allows ordinary users to interact with smart contracts without holding crypto. Stuff still exists on-chain minus the gas fees.\nDevelopers of decentralized applications, such as China’s version of Instagram called “Little Red Book,” buy CFX from Conflux directly. They pay in fiat and get an official receipt. In many ways, it would be similar to paying for a cloud service hosting bill.\n“Because the public chain must have a native token governing its resources for gas, and China does not encourage anything related to fungible tokens, we choose to have foreign entities to govern the token issuance of CFX,” Long said.\nOne can see on-chain how CFX is used. Below shows the on-chain activity for a digital collectible, China’s version of a non-fungible token (which it calls “digital collectibles,” and tolerates if speculation is not involved) on its version of Instagram.\nIn many ways, CFX could be thought of as a proxy of success for Conflux within China. But is there enough interest to drive and sustain triple-digit growth on the CFX token?\nETHDenver 2023\nAnnual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape (Bank of England Conference Centre)\n12:00 a.m. HKT/SGT(16:00 UTC)China Non-Manufacturing PMI (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSolana\'s Weekend Deep Freeze; 2023 Crypto Crime Trends\nSolana\'s (SOL) price rose over the past 24 hours after the protocol crashed over the weekend, freezing transactions. The Solana Foundation said an investigation is underway into the root cause and will be updated as new information becomes available. CoinDesk Managing Editor for Data and Tokens Danny Nelson gave an update and CoinFund Managing Partner Seth Ginns shared his reaction. Plus, Chainalysis Director of Research Kim Grauer discussed the outlook for illicit crypto volumes in a new report.\nCoinbase Trade Volume Surpasses Uniswap’s, Countering Expectations for a DEX Surge:Many market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less-user-friendly experience than centralized ones.\nCrypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022:The CoinDesk parent held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.\nCoinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards:The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime.\nTrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week:Blockchain data shows crypto exchange giant Binance has been relying increasingly on TUSD following a crackdown on its Binance USD stablecoin by U.S. regulators.\nDeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank:The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin stays rooted near the $23.5K threshold. Ether and many other major cryptos trade flat. Insights: China-based developers can interact with layer 1 blockchain Conflux, but the protocol\'s relationship with the country remains complicated. Prices CoinDesk Market Index (CMI) 1,091 −3.3 ▼ 0.3% Bitcoin (BTC) $23,418 −88.7 ▼ 0.4% Ethereum (ETH) $1,631 −7.5 ▼ 0.5% S&P 500 3,982.24 +12.2 ▲ 0.3% Gold $1,824 +7.0 ▲ 0.4% Nikkei 225 27,423.96 −29.5 ▼ 0.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Holds Firm Near $23.5K Bitcoin continued its weekend encampment near $23,500 into Monday as investors spent yet another day weighing fiendishly stubborn inflation and the prospects of the U.S. Federal Reserve hiking interest rates more hawkishly than was previously expected. The largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 basis point rate increase instead of 25 bps. “Markets of late have been pricing in rates that will remain higher for longer than previously anticipated because of inflation numbers that seem to be rather stubborn," Brent Xu, CEO and co-founder of Web 3 bond-market platform Umee, wrote in an email to CoinDesk. "A possible 50-basis-point hike could be in the offing now, too." Yet Xu also noted hopefully that crypto markets have not seen "a massive drawdown ... that the more alarmist crypto Twitter commentators have been warning about." "I suspect that we haven’t seen a massive pullback because the forced sellers have already sold," he wrote, adding: "Last year’s daisy chain of blowups appears to have mostly come to an end. This isn’t to say that we can’t go lower from here. But a bottom for this cycle is probably in now, and in turn we are probably in an accumulation phase. I think we need to be prepared for sideways action for some time.” Story continues Ether was almost equally flat, changing hands at about $1,630. Most other major cryptocurrencies were flat or edged down slightly with layer 2 platform Polygon\'s MATIC token and decentralized finance protocol Aave\'s AAVE token both recently down about 3%. The CoinDesk Market Index , a measure of crypto markets overall performance ticked down about 0.36%. After a week to forget, equity markets returned to their winning ways, however slightly. The tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all ticked up a few fractions of a percentage point. Treasury yields dipped slightly but remained fretfully high at above $3.90 on a 10-year note. To be sure, some crypto news Monday was ominous for markets, none more than a report by crypto asset manager CoinShares that short-bitcoin funds had $10 million in inflows during the week ended Feb. 24 and that long-bitcoin funds bled $12 million, the third straight weekly outflow. Later in the day, crypto exchange Coinbase tweeted that it would suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards – the latest body blow to the stablecoin sector. Yet, at least one other analyst was feeling at least partly upbeat about crypto prices\' path forward. In an interview with CoinDesk TV, Bruno Ramos de Sousa, head of new markets at crypto asset manager Hashdex, said that markets were "in the recovery phase already ... past the bottom." Ramos de Sousa noted increased interest among institutional investors in recent months. "They\'re educated in the sector, and they\'re looking for interesting windows to come in," he said. "These are hedge funds, family offices, people concerned with bottoms and ups." Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +1.1% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −3.6% Smart Contract Platform Avalanche AVAX −2.8% Smart Contract Platform Chainlink LINK −2.6% Computing Insights Layer 1 Blockchain Conflux Has a Complicated Relationship With China Beijing is pro-blockchain, but anti-crypto. It sees the former as a key technology, as important in the 21st century as the hypertext transport protocol (HTTP) was in the 20th; the latter is a speculative asset that inhibits the worst parts of capitalism. Meanwhile, "China" tokens are surging. "China" is in quotes because most of these projects like NEO, VeChain (VET), and Conflux (CFX) go to great lengths to limit their exposure to China. They have development teams in China, but the company is registered offshore. You can use the technology within the country, just not trade the token. A version of NEO is available on China’s Blockchain Service Network , for instance, but this exists as a seperate universe from the NEO the rest of the world sees in order to comply with local law. In many cases, these tokens are divorced from the project. You can’t see China data on-chain, and it might be questionable as to what is driving the token’s growth. Conflux’s CFX token is the exception to this. Can you trade Conflux’s CFX token in China? No. Can someone within China interact with the Western-facing portion of the Conflux chain? Also no, these parts are segregated. But at the same time, CFX is the tie that binds the two together. "There is only one chain, but we have two spaces," Fan Long, Conflux’s co-founder, told CoinDesk by email. "You can think of the spaces acting like independent chains but they share the same consensus engine. There is no security risk of moving assets across two spaces." Within China, CFX relies on Conflux’s sponsorship mechanism, which allows ordinary users to interact with smart contracts without holding crypto. Stuff still exists on-chain minus the gas fees. Developers of decentralized applications, such as China’s version of Instagram called “Little Red Book,” buy CFX from Conflux directly. They pay in fiat and get an official receipt. In many ways, it would be similar to paying for a cloud service hosting bill. “Because the public chain must have a native token governing its resources for gas, and China does not encourage anything related to fungible tokens, we choose to have foreign entities to govern the token issuance of CFX,” Long said. One can see on-chain how CFX is used. Below shows the on-chain activity for a digital collectible, China’s version of a non-fungible token (which it calls “digital collectibles,” and tolerates if speculation is not involved) on its version of Instagram. (Coinfluxscan.net) (Coinfluxscan.net) (Coinfluxscan.net) In many ways, CFX could be thought of as a proxy of success for Conflux within China. But is there enough interest to drive and sustain triple-digit growth on the CFX token? Important events ETHDenver 2023 Annual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape (Bank of England Conference Centre) 12:00 a.m. HKT/SGT(16:00 UTC) China Non-Manufacturing PMI (Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Solana\'s Weekend Deep Freeze; 2023 Crypto Crime Trends Solana\'s (SOL) price rose over the past 24 hours after the protocol crashed over the weekend, freezing transactions. The Solana Foundation said an investigation is underway into the root cause and will be updated as new information becomes available. CoinDesk Managing Editor for Data and Tokens Danny Nelson gave an update and CoinFund Managing Partner Seth Ginns shared his reaction. Plus, Chainalysis Director of Research Kim Grauer discussed the outlook for illicit crypto volumes in a new report. Headlines Coinbase Trade Volume Surpasses Uniswap’s, Countering Expectations for a DEX Surge : Many market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less-user-friendly experience than centralized ones. Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022 : The CoinDesk parent held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million. Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards : The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime. TrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week : Blockchain data shows crypto exchange giant Binance has been relying increasingly on TUSD following a crackdown on its Binance USD stablecoin by U.S. regulators. DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank : The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin stays rooted near the $23.5K threshold. Ether and many other major cryptos trade flat.\nInsights:China-based developers can interact with layer 1 blockchain Conflux, but the protocol\'s relationship with the country remains complicated.\nCoinDesk Market Index (CMI)\n1,091\n−3.3▼0.3%\nBitcoin (BTC)\n$23,418\n−88.7▼0.4%\nEthereum (ETH)\n$1,631\n−7.5▼0.5%\nS&P 500\n3,982.24\n+12.2▲0.3%\nGold\n$1,824\n+7.0▲0.4%\nNikkei 225\n27,423.96\n−29.5▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23.5K\nBitcoin continued its weekend encampment near $23,500 into Monday as investors spent yet another day weighing fiendishly stubborn inflation and the prospects of the U.S. Federal Reserve hiking interest rates more hawkishly than was previously expected.\nThe largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 basis point rate increase instead of 25 bps.\n“Markets of late have been pricing in rates that will remain higher for longer than previously anticipated because of inflation numbers that seem to be rather stubborn," Brent Xu, CEO and co-founder of Web 3 bond-market platform Umee, wrote in an email to CoinDesk. "A possible 50-basis-point hike could be in the offing now, too."\nYet Xu also noted hopefully that crypto markets have not seen "a massive drawdown ... that the more alarmist crypto Twitter commentators have been warning about."\n"I suspect that we haven’t seen a massive pullback because the forced sellers have already sold," he wrote, adding: "Last year’s daisy chain of blowups appears to have mostly come to an end. This isn’t to say that we can’t go lower from here. But a bottom for this cycle is probably in now, and in turn we are probably in an accumulation phase. I think we need to be prepared for sideways action for some time.”\nEther was almost equally flat, changing hands at about $1,630. Most other major cryptocurrencies were flat or edged down slightly with layer 2 platform Polygon\'s MATIC token and decentralized finance protocol Aave\'s AAVE token both recently down about 3%. TheCoinDesk Market Index, a measure of crypto markets overall performance ticked down about 0.36%.\nAfter a week to forget, equity markets returned to their winning ways, however slightly. The tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all ticked up a few fractions of a percentage point. Treasury yields dipped slightly but remained fretfully high at above $3.90 on a 10-year note.\nTo be sure, some crypto news Mondaywas ominousfor markets, none more thana reportby crypto asset manager CoinShares that short-bitcoin funds had $10 million in inflows during the week ended Feb. 24 and that long-bitcoin funds bled $12 million, the third straight weekly outflow. Later in the day, crypto exchange Coinbasetweetedthat itwould suspendtrading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards – the latest body blow to the stablecoin sector.\nYet, at least one other analyst was feeling at least partly upbeat about crypto prices\' path forward. In an interview with CoinDesk TV, Bruno Ramos de Sousa, head of new markets at crypto asset manager Hashdex, said that markets were "in the recovery phase already ... past the bottom." Ramos de Sousa noted increased interest among institutional investors in recent months.\n"They\'re educated in the sector, and they\'re looking for interesting windows to come in," he said. "These are hedge funds, family offices, people concerned with bottoms and ups."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.6%", "DACS Sector": "Computing"}]\nLayer 1 Blockchain Conflux Has a Complicated Relationship With China\nBeijing is pro-blockchain, but anti-crypto. It sees the former as a key technology, as important in the 21st century as the hypertext transport protocol (HTTP) was in the 20th; the latter is a speculative asset that inhibits the worst parts of capitalism.\nMeanwhile, "China" tokens are surging. "China" is in quotes because most of these projects like NEO, VeChain (VET), and Conflux (CFX) go to great lengths to limit their exposure to China. They have development teams in China, but the company is registered offshore.\nYou can use the technology within the country, just not trade the token. A version of NEO is available onChina’s Blockchain Service Network, for instance, but this exists as a seperate universe from the NEO the rest of the world sees in order to comply with local law.\nIn many cases, these tokens are divorced from the project. You can’t see China data on-chain, and it might be questionable as to what is driving the token’s growth.\nConflux’s CFX token is the exception to this.\nCan you trade Conflux’s CFX token in China? No.\nCan someone within China interact with the Western-facing portion of the Conflux chain? Also no, these parts are segregated.\nBut at the same time, CFX is the tie that binds the two together.\n"There is only one chain, but we have two spaces," Fan Long, Conflux’s co-founder, told CoinDesk by email. "You can think of the spaces acting like independent chains but they share the same consensus engine. There is no security risk of moving assets across two spaces."\nWithin China, CFX relies on Conflux’s sponsorship mechanism, which allows ordinary users to interact with smart contracts without holding crypto. Stuff still exists on-chain minus the gas fees.\nDevelopers of decentralized applications, such as China’s version of Instagram called “Little Red Book,” buy CFX from Conflux directly. They pay in fiat and get an official receipt. In many ways, it would be similar to paying for a cloud service hosting bill.\n“Because the public chain must have a native token governing its resources for gas, and China does not encourage anything related to fungible tokens, we choose to have foreign entities to govern the token issuance of CFX,” Long said.\nOne can see on-chain how CFX is used. Below shows the on-chain activity for a digital collectible, China’s version of a non-fungible token (which it calls “digital collectibles,” and tolerates if speculation is not involved) on its version of Instagram.\nIn many ways, CFX could be thought of as a proxy of success for Conflux within China. But is there enough interest to drive and sustain triple-digit growth on the CFX token?\nETHDenver 2023\nAnnual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape (Bank of England Conference Centre)\n12:00 a.m. HKT/SGT(16:00 UTC)China Non-Manufacturing PMI (Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSolana\'s Weekend Deep Freeze; 2023 Crypto Crime Trends\nSolana\'s (SOL) price rose over the past 24 hours after the protocol crashed over the weekend, freezing transactions. The Solana Foundation said an investigation is underway into the root cause and will be updated as new information becomes available. CoinDesk Managing Editor for Data and Tokens Danny Nelson gave an update and CoinFund Managing Partner Seth Ginns shared his reaction. Plus, Chainalysis Director of Research Kim Grauer discussed the outlook for illicit crypto volumes in a new report.\nCoinbase Trade Volume Surpasses Uniswap’s, Countering Expectations for a DEX Surge:Many market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less-user-friendly experience than centralized ones.\nCrypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022:The CoinDesk parent held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.\nCoinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards:The suspension affects Coinbase.com, Coinbase Pro, Coinbase Exchange and Coinbase Prime.\nTrueUSD Becomes 5th-Largest Stablecoin as Binance Mints $130M TUSD in a Week:Blockchain data shows crypto exchange giant Binance has been relying increasingly on TUSD following a crackdown on its Binance USD stablecoin by U.S. regulators.\nDeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank:The rejection follows less than a year after Maker approved a similarly structured loan to Huntingdon Valley Bank.', 'Bitcoin and Ether traded little-changed on Tuesday morning in Asia, while most other top 10 non-stablecoin cryptocurrencies fell. Polygon led the losers, along with Solana and Shiba Inu. U.S. equities gained ground on Monday after last week’s slump.\nSee related article:Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation\n• Bitcoin dipped 0.23% in the past 24 hours to trade little changed at US$23,509 as of 8 a.m. in Hong Kong. The leading token is holding a seven day loss of 5.34%, according toCoinMarketCap data. Ethereum also treaded water at US$1,634, off 0.41%. The token is down 4.05% in the past seven days.\n• Polygon’s Matic token posed the biggest drop among the top ten cryptocurrencies by market capitalization, falling 3.63% to US$1.24, and extending its weekly loss to 16.27%. Polygon Labs, the developer of the Polygon blockchain, said last week it wouldlay off 20% of its workforce, which was followed by a reportedglitch on Polygon’s network.\n• Solana lost 2.43% to US$22.69, posting a weekly loss of 13.41%. Solana developers areinvestigatinga network failure on the Solana Mainet Beta last Saturday, which forced it to restart the network and downgrade it from a recent update.\n• Shiba Inu dropped 2.53% after analytics firmLookonchainreported a wallet moving 182 billion Shiba Inu tokens to crypto exchanges on Monday, usually the sign of preparation for selling that can drive prices lower. Last time the same wallet transferred over 200 billion Shiba Inu in December 2022 the price fell more than 7% on the day, according to Lookonchain. The token is down 7.21% for the seven day period.\n• The total crypto market capitalization edged 0.15% lower to US$1.07 trillion, while the total trading volume jumped 34.55% over the past 24 hours to US$45.70 billion.\n• U.S. equities edged higher on Monday after last week’s tumble on concerns about indicators showing inflation remains entrenched. The Dow Jones Industrial Average rose 0.22%, the S&P 500 gained 0.31% and the Nasdaq Composite Index added 0.63%.\n• Janet Yellen, the U.S. Treasury Secretary,told CNNon Monday that U.S. inflation remains too high, but the economy can achieve a soft landing. She said the Federal Reserve’s attempt to curb inflation through higher interest rates while maintaining a strong labor market appears achievable.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. The JanuaryFederal Reserve meeting minutesreleased last Wednesday showed policymakers agreed to slow down the pace of interest rate hikes, but warned the tightening cycle is not over.\n• The U.S. Census Bureau announced its latest monthlyreporton durable goods on Monday, with orders for manufactured goods – excluding transportation – rising 0.7% in January, or below expectations in a sign of a slowdown in the growth that has been feeding inflation.\n• Analysts at theCME Grouppredict a 76.7% likelihood the Fed will raise rates by another 25 basis points in March. They also predict a 23.3% chance for a raise of 50 basis points, a decrease from 27.7% as reported on Monday.\nSee related article:South Korea’s Lotte Group partners with Polygon for global NFT drive', 'Bitcoin and Ether traded little-changed on Tuesday morning in Asia, while most other top 10 non-stablecoin cryptocurrencies fell. Polygon led the losers, along with Solana and Shiba Inu. U.S. equities gained ground on Monday after last week’s slump. See related article: Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation Fast facts Bitcoin dipped 0.23% in the past 24 hours to trade little changed at US$23,509 as of 8 a.m. in Hong Kong. The leading token is holding a seven day loss of 5.34%, according to CoinMarketCap data . Ethereum also treaded water at US$1,634, off 0.41%. The token is down 4.05% in the past seven days. Polygon’s Matic token posed the biggest drop among the top ten cryptocurrencies by market capitalization, falling 3.63% to US$1.24, and extending its weekly loss to 16.27%. Polygon Labs, the developer of the Polygon blockchain, said last week it would lay off 20% of its workforce , which was followed by a reported glitch on Polygon’s network . Solana lost 2.43% to US$22.69, posting a weekly loss of 13.41%. Solana developers are investigating a network failure on the Solana Mainet Beta last Saturday, which forced it to restart the network and downgrade it from a recent update. Shiba Inu dropped 2.53% after analytics firm Lookonchain reported a wallet moving 182 billion Shiba Inu tokens to crypto exchanges on Monday, usually the sign of preparation for selling that can drive prices lower. Last time the same wallet transferred over 200 billion Shiba Inu in December 2022 the price fell more than 7% on the day, according to Lookonchain. The token is down 7.21% for the seven day period. The total crypto market capitalization edged 0.15% lower to US$1.07 trillion, while the total trading volume jumped 34.55% over the past 24 hours to US$45.70 billion. U.S. equities edged higher on Monday after last week’s tumble on concerns about indicators showing inflation remains entrenched. The Dow Jones Industrial Average rose 0.22%, the S&P 500 gained 0.31% and the Nasdaq Composite Index added 0.63%. Janet Yellen, the U.S. Treasury Secretary, told CNN on Monday that U.S. inflation remains too high, but the economy can achieve a soft landing. She said the Federal Reserve’s attempt to curb inflation through higher interest rates while maintaining a strong labor market appears achievable. U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. The January Federal Reserve meeting minutes released last Wednesday showed policymakers agreed to slow down the pace of interest rate hikes, but warned the tightening cycle is not over. The U.S. Census Bureau announced its latest monthly report on durable goods on Monday, with orders for manufactured goods – excluding transportation – rising 0.7% in January, or below expectations in a sign of a slowdown in the growth that has been feeding inflation. Analysts at the CME Group predict a 76.7% likelihood the Fed will raise rates by another 25 basis points in March. They also predict a 23.3% chance for a raise of 50 basis points, a decrease from 27.7% as reported on Monday. See related article: South Korea’s Lotte Group partners with Polygon for global NFT drive', 'Bitcoin and Ether traded little-changed on Tuesday morning in Asia, while most other top 10 non-stablecoin cryptocurrencies fell. Polygon led the losers, along with Solana and Shiba Inu. U.S. equities gained ground on Monday after last week’s slump.\nSee related article:Janet Yellen urges strong regulatory framework for crypto as India leads G20 push for regulation\n• Bitcoin dipped 0.23% in the past 24 hours to trade little changed at US$23,509 as of 8 a.m. in Hong Kong. The leading token is holding a seven day loss of 5.34%, according toCoinMarketCap data. Ethereum also treaded water at US$1,634, off 0.41%. The token is down 4.05% in the past seven days.\n• Polygon’s Matic token posed the biggest drop among the top ten cryptocurrencies by market capitalization, falling 3.63% to US$1.24, and extending its weekly loss to 16.27%. Polygon Labs, the developer of the Polygon blockchain, said last week it wouldlay off 20% of its workforce, which was followed by a reportedglitch on Polygon’s network.\n• Solana lost 2.43% to US$22.69, posting a weekly loss of 13.41%. Solana developers areinvestigatinga network failure on the Solana Mainet Beta last Saturday, which forced it to restart the network and downgrade it from a recent update.\n• Shiba Inu dropped 2.53% after analytics firmLookonchainreported a wallet moving 182 billion Shiba Inu tokens to crypto exchanges on Monday, usually the sign of preparation for selling that can drive prices lower. Last time the same wallet transferred over 200 billion Shiba Inu in December 2022 the price fell more than 7% on the day, according to Lookonchain. The token is down 7.21% for the seven day period.\n• The total crypto market capitalization edged 0.15% lower to US$1.07 trillion, while the total trading volume jumped 34.55% over the past 24 hours to US$45.70 billion.\n• U.S. equities edged higher on Monday after last week’s tumble on concerns about indicators showing inflation remains entrenched. The Dow Jones Industrial Average rose 0.22%, the S&P 500 gained 0.31% and the Nasdaq Composite Index added 0.63%.\n• Janet Yellen, the U.S. Treasury Secretary,told CNNon Monday that U.S. inflation remains too high, but the economy can achieve a soft landing. She said the Federal Reserve’s attempt to curb inflation through higher interest rates while maintaining a strong labor market appears achievable.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. The JanuaryFederal Reserve meeting minutesreleased last Wednesday showed policymakers agreed to slow down the pace of interest rate hikes, but warned the tightening cycle is not over.\n• The U.S. Census Bureau announced its latest monthlyreporton durable goods on Monday, with orders for manufactured goods – excluding transportation – rising 0.7% in January, or below expectations in a sign of a slowdown in the growth that has been feeding inflation.\n• Analysts at theCME Grouppredict a 76.7% likelihood the Fed will raise rates by another 25 basis points in March. They also predict a 23.3% chance for a raise of 50 basis points, a decrease from 27.7% as reported on Monday.\nSee related article:South Korea’s Lotte Group partners with Polygon for global NFT drive', 'By Medha Singh and Lisa Pauline Mattackal (Reuters) - Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator\'s faith. The 15-year-old cryptocurrency has filled many roles - from source of speculation to hedge against inflation - but has struggled to find a clear identity. Now there are growing signs it\'s edging towards its intended purpose: payments. "The development in terms of building out crypto payments has continued apace, even if it\'s gone somewhat unnoticed because of the volatility in the broader market," said Richard Mico, U.S. CEO of Banxa, a payment-and-compliance infrastructure provider. The amount of bitcoin stored on the Lightning Network - a payment protocol layered on top of the blockchain - has jumped by two-thirds over the past year to hit an all-time high of 5,580 coin, according to crypto data firm The Block. Crypto payment specialists have also seen strong volumes. Graphic: Record capacity on the lightning network https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/gkplwldyrvb/chart.png U.S.-based BitPay said transaction volumes jumped 18% last year versus 2021. CoinsPaid said volumes in the fourth quarter of 2022 rose 32% compared with a year before. BITCOIN AND BRAZILIAN REAL So why has crypto failed to fulfill pseudonymous inventor Nakamoto\'s dream, spelt out in a famed 2008 white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System"? Price volatility, slow processing speeds and persistent regulatory uncertainty are among the factors that have rendered cryptocurrencies unwieldy as a means of payment. Few merchants price good or services in crypto. Nonetheless, proponents say bitcoin offers lower transaction costs and quicker speeds than traditional cash, especially for cross-border transfers. Aside from bitcoin, other cryptocurrencies including stablecoins, which are pegged to the value of traditional currencies, have emerged as popular options, particularly for cross-border payments, remittances, plus in emerging markets where the value of local currencies have been hit by inflation. Story continues Stellar, a blockchain that enables cross-border payments, saw the number of trades on its platform increase to 103.4 million last month from 50.6 million in January 2022. Volumes for trades across exchanges between bitcoin and Turkey\'s lira and Brazil\'s real increased by 232% and 72%, respectively, CryptoCompare data showed. CAN YOU HANDLE THE STRESS? It\'s not all smooth sailing for the widespread adoption of crypto for payments; for one thing, there\'s the question of whether blockchains are ready to handle the stress of processing thousands of transactions at a time, especially without a simultaneous jump in transaction fees. Efforts by some of the world\'s largest economies, including Japan, China and India, to create their own digital currencies (CBDCs) could also choke crypto payments growth, say some market players. For others, though, growing interest in CBDCs is evidence that blockchain payments tech is here to stay. Traditional finance firms looking to embrace crypto payments have also shrugged off recent market volatility. One, Visa inking a deal this month with crypto firm WireX to directly issue crypto-enabled debit and prepaid cards. "Crypto is evolving into a viable alternative for more and more people around the world," said Mico at Banxa. (Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Tom Wilson and Pravin Char)', 'By Medha Singh and Lisa Pauline Mattackal (Reuters) - Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator\'s faith. The 15-year-old cryptocurrency has filled many roles - from source of speculation to hedge against inflation - but has struggled to find a clear identity. Now there are growing signs it\'s edging towards its intended purpose: payments. "The development in terms of building out crypto payments has continued apace, even if it\'s gone somewhat unnoticed because of the volatility in the broader market," said Richard Mico, U.S. CEO of Banxa, a payment-and-compliance infrastructure provider. The amount of bitcoin stored on the Lightning Network - a payment protocol layered on top of the blockchain - has jumped by two-thirds over the past year to hit an all-time high of 5,580 coin, according to crypto data firm The Block. Crypto payment specialists have also seen strong volumes. Graphic: Record capacity on the lightning network https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/gkplwldyrvb/chart.png U.S.-based BitPay said transaction volumes jumped 18% last year versus 2021. CoinsPaid said volumes in the fourth quarter of 2022 rose 32% compared with a year before. BITCOIN AND BRAZILIAN REAL So why has crypto failed to fulfill pseudonymous inventor Nakamoto\'s dream, spelt out in a famed 2008 white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System"? Price volatility, slow processing speeds and persistent regulatory uncertainty are among the factors that have rendered cryptocurrencies unwieldy as a means of payment. Few merchants price good or services in crypto. Nonetheless, proponents say bitcoin offers lower transaction costs and quicker speeds than traditional cash, especially for cross-border transfers. Aside from bitcoin, other cryptocurrencies including stablecoins, which are pegged to the value of traditional currencies, have emerged as popular options, particularly for cross-border payments, remittances, plus in emerging markets where the value of local currencies have been hit by inflation. Story continues Stellar, a blockchain that enables cross-border payments, saw the number of trades on its platform increase to 103.4 million last month from 50.6 million in January 2022. Volumes for trades across exchanges between bitcoin and Turkey\'s lira and Brazil\'s real increased by 232% and 72%, respectively, CryptoCompare data showed. CAN YOU HANDLE THE STRESS? It\'s not all smooth sailing for the widespread adoption of crypto for payments; for one thing, there\'s the question of whether blockchains are ready to handle the stress of processing thousands of transactions at a time, especially without a simultaneous jump in transaction fees. Efforts by some of the world\'s largest economies, including Japan, China and India, to create their own digital currencies (CBDCs) could also choke crypto payments growth, say some market players. For others, though, growing interest in CBDCs is evidence that blockchain payments tech is here to stay. Traditional finance firms looking to embrace crypto payments have also shrugged off recent market volatility. One, Visa inking a deal this month with crypto firm WireX to directly issue crypto-enabled debit and prepaid cards. "Crypto is evolving into a viable alternative for more and more people around the world," said Mico at Banxa. (Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru; Editing by Tom Wilson and Pravin Char)', 'By Medha Singh and Lisa Pauline Mattackal (Reuters) - Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator\'s faith. The 15-year-old cryptocurrency has filled many roles - from source of speculation to hedge against inflation - but has struggled to find a clear identity. Now there are growing signs it\'s edging towards its intended purpose: payments. "The development in terms of building out crypto payments has continued apace, even if it\'s gone somewhat unnoticed because of the volatility in the broader market," said Richard Mico, U.S. CEO of Banxa, a payment-and-compliance infrastructure provider. The amount of bitcoin stored on the Lightning Network - a payment protocol layered on top of the blockchain - has jumped by two-thirds over the past year to hit an all-time high of 5,580 coin, according to crypto data firm The Block. Crypto payment specialists have also seen strong volumes. Graphic: Record capacity on the lightning network https://www.reuters.com/graphics/FINTECH-CRYPTO/WEEKLY/gkplwldyrvb/chart.png U.S.-based BitPay said transaction volumes jumped 18% last year versus 2021. CoinsPaid said volumes in the fourth quarter of 2022 rose 32% compared with a year before. BITCOIN AND BRAZILIAN REAL So why has crypto failed to fulfill pseudonymous inventor Nakamoto\'s dream, spelt out in a famed 2008 white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System"? Price volatility, slow processing speeds and persistent regulatory uncertainty are among the factors that have rendered cryptocurrencies unwieldy as a means of payment. Few merchants price good or services in crypto. Nonetheless, proponents say bitcoin
**Last 60 Days of Bitcoin's Closing Prices:**
[16602.59, 16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-28
**Financial & Commodity Data:**
- Gold Closing Price: $1828.90
- Crude Oil Closing Price: $77.05
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $450,034,006,294
- Hash Rate: 293209893.8756949
- Transaction Count: 332358.0
- Unique Addresses: 731797.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S. added 223,000 jobs in December, the Bureau of Labor Statistics said Friday in its monthly nonfarm-payrolls report, down from a revised 256,000 jobs in November and higher than economists' forecasts for 200,000. The unemployment rate fell 3.5%, versus expectations that it would remain at 3.7%. The price of bitcoin ( BTC ) was steady at $16,750 in the minutes following the release of the report. Even though the headline jobs number topped expectations, the trend of slowing growth is clear. Monthly job gains in the first half of 2022 were routinely above 300,000, and December's number is the lowest since April 2021. In addition, the closely watched wages details were softer than forecast. Average hourly earnings rose 0.3% in December, down from 0.4% growth in November and below expectations for an 0.4% increase. On a year-over-year basis, average hourly earnings rose 4.6% in December, below expectations for 5% growth. Combined with reports earlier this week showing continued weakness in the manufacturing sector, the jobs figures may be enough for the Federal Reserve to note that its rate hikes in 2022 are slowing down the economy. In its December meeting, the Federal Open Market Committee lowered its interest-rate hike to 0.5 percentage point from the 0.75 percentage point it had increased its benchmark rate at its previous four meetings. Before Friday's jobs report, traders had been split on whether the Fed would increase rates by 0.25 percentage point at its next meeting in February. Following the report, the odds have shifted slightly more toward an expectation of a 0.25 point increase....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto is once again becoming the domain of short sellers.\nInsights:Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven\'t caught up to blockchain.\nCoinDesk Market Index (CMI)\n1,088.86\n−18.1▼1.6%\nBitcoin (BTC)\n$23,141\n−313.6▼1.3%\nEthereum (ETH)\n$1,607\n−22.3▼1.4%\nS&P 500 daily close\n3,970.15\n−12.1▼0.3%\nGold\n$1,831\n+14.4▲0.8%\nTreasury Yield 10 Years\n3.92%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nChina Tokens Lead Declines\nAs Asia opened for business on the first day of March a number of China tokens were squarely in the red.\nWeb3 ecosystem token Neo, which is part of China’s nationalBlockchain Service Network, is downapproximately 8%. Conflux’s CFX token, which is unique as its token isused by China dapp developers, is down 12.5%. Filecoin’s FIL tokendeclined 5.5%.\nShort interest on these tokens continues to build, according todata from CoinGlass. NEO is split down the middle between long and shorts, at 50.26% and 49.74% respectively, while CFX has dipped into majority short territory at 52.71%. Filecoin’s FIL, for its part, is nearly even.\nMeanwhile, bitcoin and ether are also beginning the day in the red. Bitcoin is opening the business day in Asia at $23,141, down 1.3% while ether is at $1,607, down 1.4%.\nCoinGlass data shows a nearly even split between longs and shorts for bitcoin and ether.\nTraders might be looking to initial jobless claim numbers, scheduled to be released Thursday, for guidance.\nAt the same time, there’s still a concern about alack of market liquiditycausing stakeholders to be worried about everything from price swings todelayed token launches.\nAll eyes will be on bitcoin to see if it can push back and maintain $25,000, or if we are going back to $20,000.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.0%", "DACS Sector": "Entertainment"}]\nNFTs\' \'Digital First Sale\' Problem\nLike many things in crypto, the law hasn’t caught up to the speed at which the industry moves.\nThat includes copyright law.\nBased on a current but outdated reading of the law, the entire secondary market for non-fungible tokens (NFT) is illegal. And the original creators of the NFTs could – based on how the law is currently understood – invalidate the entire secondary market.\nAll because of something called the "first sale" doctrine and the current lack of a digital counterpart.\nWhy is there no digital counterpart? Because the courts’ understanding of technology is stuck in the Napster era.\nThe disc is yours, the IP mine\nDo you have a Blu-Ray copy of "2001: A Space Odyssey"? Go ahead and sell it once you are done watching it. The disc is yours after all. But that same version downloaded from Amazon Prime’s store? You don’t own it. It’s not yours to sell.\nThis is the tricky world of the ‘first sale’doctrine, outlined in 17 U.S. Code § 109. The law holds that you can sell your property, even when it contains copyrighted intellectual property such as a Blu-Ray disc of a movie or even a painting.\nBut should that copyrighted material exist in digital form, such as a movie in file format, a video game from the Xbox Live Store or a monkey jpeg, this is where things get complicated – and illegal.\nWhy? Because courts think there’s no effective way to transfer a copyrighted digital file from one party to another while ensuring the original is deleted (therefore the file isn’t reproduced, rather than just transferred).\nWriting in theWake Forest University Journal of Business & Intellectual Property Law, Joshua Durham explores the intersection of NFTs and the principle of digital first sale, a legal framework that was heavily debated during the turn-of-the-century days of Napster but now is in need of an update.\nCentral to the debate over the digital Right of First Sale is the "exhaustibility" of files.\nWhen you sell a Blu-Ray or a book to someone, they have the sole ability to enjoy it. But with computer files, there is no concept of ownership – you are simply given a license to use it – and courts haven’t gotten comfortable with confirming that a file is deleted on the first user’s computer. After all, files aren’t "exhaustible"; they can be copied an infinite amount of times. Or in crypto parlance, \'double-spent."\nDurham highlights that the U.S. Copyright Office would not allow for a principle of “digital first sale” because it would have required a mechanism to ensure confirmation of the deletion of the sender’s copy or some form of automatic deletion.\nThis is why digitally purchased movies and games come wrapped in Digital Rights Management software that controls how you can use the file.\nAround 2011, a firm called ReDigi tried to provide an online digital peer-to-peer marketplace that attempted to respect the first sale principle and take it into the digital era.\nOn ReDigi users would “forward and delete files.” There would never be two copies of the same file.\nThe courts didn’t like it, and found that it reproduced files and was thus an unauthorized reproduction, although the original was destroyed.\n“Policymakers have concluded that since digital transmissions required reproducing a copy of a file (the work), digital transmissions infringed on the exclusive right of reproduction,” Durham writes. “A digital distribution of a reproduced copy was thus unlawfully made, and beyond the scope of the first sale doctrine.”\nDouble-spending and blockchain\nBut all of this seems a bit outdated for the blockchain era.\nAfter all, blockchain’s key tenet is the prevention of double-spending. Or, to put it another way, you can’t reproduce a bitcoin or an NFT. Should you be able to do this then crypto wouldn’t have scarcity since it would be infinitely reproducible.\nDouble-spend attacks are a critical threat to blockchains and much is done to try and prevent them.\nSo for NFTs, there can’t ever be two of the same tokens. During a transfer of an NFT there’s no reproduction or transmission like there would be for ReDigi’s marketplace. There’s no infringement on the right of reproduction.\nThis is something that’s only possible with blockchain, before we were just sending copies of the file which wouldn’t qualify for protection under the first sale doctrine.\n“Any unscrupulous NFT creator may invalidate all secondary sales of their NFTs through the outdated reading of § 109,” Durham writes.\nAfter all, they didn’t authorize the sale. In a direct reading of the law, it would be similar to Apple going after someone selling copies of songs they have obtained from iTunes.\nOf course, this isn’t going to happen. NFT creators expect, and almost always want, a lively secondary market.\nBut it’s a case of the law not catching up to the times. On one hand blockchain technology satisfies all the problems prior cases have identified with the nature of digital first sales. It’s just that there needs to be clarification from the courts, so there’s no monkey business.\nETHDenver 2023\n12:00 p.m. HKT/SGT(4:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/Feb)\n2 p.m. HKT/SGT(6:00 UTC)United States ISM Manufacturing PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase to Suspend Binance USD Stablecoin; Bitcoin Hovers Near $23.5K\nCoinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange announced in a tweet Monday. Lumida CEO and co-founder Ram Ahluwalia shared his reaction. Separately, Forbes reported that Binance moved $1.8 billion of collateral meant to back its customers\' stablecoins to hedge funds last year. Forbes Director of Data and Analytics Javier Paz joined the conversation. And, bitcoin (BTC) continued its weekend encampment near $23,500. Options Insights founder Imran Lakha shared his crypto markets analysis.\nProposed Bitcoin Vault Feature Could Thwart Malicious Hackers:The feature is still in draft form and would require a soft fork in order to be adopted into Bitcoin Core.\nThe Future of Crypto Markets Will Be Driven by Developments in the East:Crypto investors need to keep an eye on geopolitical shifts playing out on the regulatory landscape, specifically some upcoming changes in Asia.\nGoldman Sachs Says It’s Open to Adding Staff to Digital Assets Team, Bloomberg:The investment bank’s tokenization platform was used by Hong Kong to sell digital bonds last week.\nDeFi Trading Platform Aurox Seeking Funding at $75M Valuation:The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.\nDapper Labs Ruling Dunks on Private Networks:A landmark ruling is bringing the NBA Top Shots creator back to court, and potentially opening up securities concerns for other NFTs.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto is once again becoming the domain of short sellers. Insights: Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven\'t caught up to blockchain. Prices CoinDesk Market Index (CMI) 1,088.86 −18.1 ▼ 1.6% Bitcoin (BTC) $23,141 −313.6 ▼ 1.3% Ethereum (ETH) $1,607 −22.3 ▼ 1.4% S&P 500 daily close 3,970.15 −12.1 ▼ 0.3% Gold $1,831 +14.4 ▲ 0.8% Treasury Yield 10 Years 3.92% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET China Tokens Lead Declines As Asia opened for business on the first day of March a number of China tokens were squarely in the red. Web3 ecosystem token Neo, which is part of China’s national Blockchain Service Network , is down approximately 8% . Conflux’s CFX token, which is unique as its token is used by China dapp developers , is down 12.5%. Filecoin’s FIL token declined 5.5% . Short interest on these tokens continues to build, according to data from CoinGlass . NEO is split down the middle between long and shorts, at 50.26% and 49.74% respectively, while CFX has dipped into majority short territory at 52.71%. Filecoin’s FIL, for its part, is nearly even. Meanwhile, bitcoin and ether are also beginning the day in the red. Bitcoin is opening the business day in Asia at $23,141, down 1.3% while ether is at $1,607, down 1.4%. CoinGlass data shows a nearly even split between longs and shorts for bitcoin and ether. Traders might be looking to initial jobless claim numbers, scheduled to be released Thursday, for guidance. At the same time, there’s still a concern about a lack of market liquidity causing stakeholders to be worried about everything from price swings to delayed token launches . All eyes will be on bitcoin to see if it can push back and maintain $25,000, or if we are going back to $20,000. Story continues Asset Ticker Returns DACS Sector Loopring LRC −4.5% Smart Contract Platform Avalanche AVAX −4.3% Smart Contract Platform Decentraland MANA −4.0% Entertainment Insights NFTs\' \'Digital First Sale\' Problem Like many things in crypto, the law hasn’t caught up to the speed at which the industry moves. That includes copyright law. Based on a current but outdated reading of the law, the entire secondary market for non-fungible tokens (NFT) is illegal. And the original creators of the NFTs could – based on how the law is currently understood – invalidate the entire secondary market. All because of something called the "first sale" doctrine and the current lack of a digital counterpart. Why is there no digital counterpart? Because the courts’ understanding of technology is stuck in the Napster era. The disc is yours, the IP mine Do you have a Blu-Ray copy of "2001: A Space Odyssey"? Go ahead and sell it once you are done watching it. The disc is yours after all. But that same version downloaded from Amazon Prime’s store? You don’t own it. It’s not yours to sell. This is the tricky world of the ‘ first sale’doctrine , outlined in 17 U.S. Code § 109. The law holds that you can sell your property, even when it contains copyrighted intellectual property such as a Blu-Ray disc of a movie or even a painting. But should that copyrighted material exist in digital form, such as a movie in file format, a video game from the Xbox Live Store or a monkey jpeg, this is where things get complicated – and illegal. Why? Because courts think there’s no effective way to transfer a copyrighted digital file from one party to another while ensuring the original is deleted (therefore the file isn’t reproduced, rather than just transferred). Writing in the Wake Forest University Journal of Business & Intellectual Property Law , Joshua Durham explores the intersection of NFTs and the principle of digital first sale, a legal framework that was heavily debated during the turn-of-the-century days of Napster but now is in need of an update. Central to the debate over the digital Right of First Sale is the "exhaustibility" of files. 1/6 🚨 That cool NFT you bought on @opensea was an illegal transfer (without prior agreement) due to a loophole in copyright law: there is no “digital first sale” doctrine. So NFT creators could legally claw back secondary sales, under current law, leaving you with nothing 🤷🏻\u200d♂️ — JoshuaDurham.eth (@JoshuaLDurham) February 27, 2023 When you sell a Blu-Ray or a book to someone, they have the sole ability to enjoy it. But with computer files, there is no concept of ownership – you are simply given a license to use it – and courts haven’t gotten comfortable with confirming that a file is deleted on the first user’s computer. After all, files aren’t "exhaustible"; they can be copied an infinite amount of times. Or in crypto parlance, \'double-spent." Durham highlights that the U.S. Copyright Office would not allow for a principle of “digital first sale” because it would have required a mechanism to ensure confirmation of the deletion of the sender’s copy or some form of automatic deletion. This is why digitally purchased movies and games come wrapped in Digital Rights Management software that controls how you can use the file. Around 2011, a firm called ReDigi tried to provide an online digital peer-to-peer marketplace that attempted to respect the first sale principle and take it into the digital era. On ReDigi users would “forward and delete files.” There would never be two copies of the same file. The courts didn’t like it, and found that it reproduced files and was thus an unauthorized reproduction, although the original was destroyed. “Policymakers have concluded that since digital transmissions required reproducing a copy of a file (the work), digital transmissions infringed on the exclusive right of reproduction,” Durham writes. “A digital distribution of a reproduced copy was thus unlawfully made, and beyond the scope of the first sale doctrine.” Double-spending and blockchain But all of this seems a bit outdated for the blockchain era. After all, blockchain’s key tenet is the prevention of double-spending. Or, to put it another way, you can’t reproduce a bitcoin or an NFT. Should you be able to do this then crypto wouldn’t have scarcity since it would be infinitely reproducible. Double-spend attacks are a critical threat to blockchains and much is done to try and prevent them. So for NFTs, there can’t ever be two of the same tokens. During a transfer of an NFT there’s no reproduction or transmission like there would be for ReDigi’s marketplace. There’s no infringement on the right of reproduction. This is something that’s only possible with blockchain, before we were just sending copies of the file which wouldn’t qualify for protection under the first sale doctrine. “Any unscrupulous NFT creator may invalidate all secondary sales of their NFTs through the outdated reading of § 109,” Durham writes. After all, they didn’t authorize the sale. In a direct reading of the law, it would be similar to Apple going after someone selling copies of songs they have obtained from iTunes. Of course, this isn’t going to happen. NFT creators expect, and almost always want, a lively secondary market. But it’s a case of the law not catching up to the times. On one hand blockchain technology satisfies all the problems prior cases have identified with the nature of digital first sales. It’s just that there needs to be clarification from the courts, so there’s no monkey business. Important events ETHDenver 2023 12:00 p.m. HKT/SGT(4:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/Feb) 2 p.m. HKT/SGT(6:00 UTC) United States ISM Manufacturing PMI (Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Coinbase to Suspend Binance USD Stablecoin; Bitcoin Hovers Near $23.5K Coinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange announced in a tweet Monday. Lumida CEO and co-founder Ram Ahluwalia shared his reaction. Separately, Forbes reported that Binance moved $1.8 billion of collateral meant to back its customers\' stablecoins to hedge funds last year. Forbes Director of Data and Analytics Javier Paz joined the conversation. And, bitcoin (BTC) continued its weekend encampment near $23,500. Options Insights founder Imran Lakha shared his crypto markets analysis. Headlines Proposed Bitcoin Vault Feature Could Thwart Malicious Hackers : The feature is still in draft form and would require a soft fork in order to be adopted into Bitcoin Core. The Future of Crypto Markets Will Be Driven by Developments in the East : Crypto investors need to keep an eye on geopolitical shifts playing out on the regulatory landscape, specifically some upcoming changes in Asia. Goldman Sachs Says It’s Open to Adding Staff to Digital Assets Team, Bloomberg : The investment bank’s tokenization platform was used by Hong Kong to sell digital bonds last week. DeFi Trading Platform Aurox Seeking Funding at $75M Valuation : The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO. Dapper Labs Ruling Dunks on Private Networks : A landmark ruling is bringing the NBA Top Shots creator back to court, and potentially opening up securities concerns for other NFTs.', 'Join the most important conversation in crypto and web3! Secure your seat today January euphoria in crypto markets turned to February worry as investors sent prices of most, major digital assets lower. The retreat coincided with a cascade of concerning inflation and jobs data, starting with lukewarm consumer price index (CPI) data in the first half of the month and continuing with an alarming steadiness in jobless claims and an even more alarming rise in consumer spending. It also came amid a flurry of regulatory action in the U.S. that raised concerns about government agencies overreaching or misdirecting their efforts. Bitcoin ( BTC ) was recently trading flat from a month ago at about $23,080, although it was well down from its mid-February highs above $25,000 mark , according to CoinDesk data. The largest cryptocurrency by market capitalization rose about 40% in January. Ether ( ETH ), the second-largest crypto by market value, also traded sideways for the month to hover just over $1,600. ETH rose more than 30% in January. With Ethereum’s upcoming Shanghai upgrade , markets’ interest in liquid staking derivatives soared, with LDO , the governance token of the decentralized autonomous organization behind liquid staking provider Lido surging 33% for the month. Its rival Rocket Pool’s native RPL token rose 18%. “I think the narrative of ETH withdrawals and the Shanghai update that\'s coming made a lot of people worry that those wouldn\'t perform as well,” Katie Talati, head of research at crypto asset-management firm Arca, told CoinDesk. “But a lot of people have accrued revenue in fees that they\'ve earned over this staking period.” Winners Bitcoin layer 2 protocol Stacks Network’s native STX token grabbed the biggest winner trophy among 160 assets in the CoinDesk Market Index, soaring 216% in February. The STX token started off the month hovering around 27 cents and climbed as high as 95 cents on Feb. 27 before retreating slightly. Bitcoin layer 2 protocol Stacks’s STX token was the biggest winner in February among 160 assets in the CoinDesk Market Index. (CoinDesk Indices) The STX price surge coincided with market participants\' growing interest in creating Ordinal non-fungible tokens (NFTs) , which are non-fungible tokens on bitcoin enabled by so-called inscriptions on Bitcoin’s mainnet. Story continues Arca’s Talati said that the broader idea of improving the Bitcoin network’s scalability has been around since Bitcoin’s Taproot upgrade – multiple signatures and transactions batched together for better privacy and scalability – in November 2021. But she added: “More information has become available in the last few weeks in people buying and trading them more. A lot of people have been saying, ‘Well, if Ordinals do really well, this gives a reason for people to use the Bitcoin network, and therefore they\'ll have the need to use Stacks.\'” Talati noted that there’s still no marketplace or infrastructure for Bitcoin NFTs yet. “People are trading these Ordinals via over-the-counter [OTC] using spreadsheets for bids and asks.” she said. Payment gateway Alchemy Pay ( ACH ) in the Currency sector was February’s second-largest winner, rising nearly $170%. Adventure gold (AGLD) and trueFi (TRU) jumped more than 50% during the month, according to CoinDesk Indices. The CoinDesk Market Index (CMI) is up 3.3% for the month. Losers Gaming- and metaverse-affiliated tokens, which led January’s leaderboard, were among February’s biggest laggards. GMT , the native token of the STEPN ecosystem in the Culture and Entertainment sector, dipped 33% this month, while Gala Games\' native GALA token, which surged 233% last month, dropped 28% in February. GMT, the native token of the STEPN ecosystem, dipped 33% in February. (CoinDesk Indices) Layer 1 network Aptos’ APT token, which surged 387% in January, dropped nearly 30% in February. Vetle Lunde, senior analyst at crypto research firm Arcane Research, wrote in a weekly note that the recent ups and downs of tokens, saying that in three out of the last four weeks, the "top 50 coin" winner of the previous week has become the next week’s worst performer. “Altcoin cycles tend to be short-lived, but this is beyond the norm and has all the hallmarks of a bored market chasing opportunities, in addition to no new capital inflows,” he wrote, adding: “Poor liquidity facilitates this erratic pattern, and you do not want to be the one holding the bag when the music ends.”', 'Join the most important conversation in crypto and web3! Secure your seat today\nJanuary euphoria in crypto markets turned to February worry as investors sent prices of most, major digital assets lower.\nThe retreat coincided with a cascade of concerning inflation and jobs data, starting with lukewarm consumer price index (CPI) data in the first half of the month and continuing with an alarming steadiness in jobless claims and an even more alarming rise in consumer spending. It also came amid a flurry of regulatory action in the U.S. that raised concerns about government agencies overreaching or misdirecting their efforts.\nBitcoin (BTC) was recently trading flat from a month ago at about $23,080, although it was well down from its mid-February highs above$25,000 mark, according to CoinDesk data. The largest cryptocurrency by market capitalization rose about 40% in January.\nEther (ETH), the second-largest crypto by market value, also traded sideways for the month to hover just over $1,600. ETH rose more than 30% in January.\nWith Ethereum’s upcomingShanghai upgrade,markets’ interest in liquid staking derivativessoared, withLDO, the governance token of the decentralized autonomous organization behind liquid staking provider Lido surging 33% for the month. Its rival Rocket Pool’s native RPL token rose 18%.\n“I think the narrative of ETH withdrawals and the Shanghai update that\'s coming made a lot of people worry that those wouldn\'t perform as well,” Katie Talati, head of research at crypto asset-management firm Arca, told CoinDesk. “But a lot of people have accrued revenue in fees that they\'ve earned over this staking period.”\nBitcoin layer 2 protocol Stacks Network’s nativeSTXtoken grabbed the biggest winner trophy among 160 assets in the CoinDesk Market Index, soaring 216% in February. The STX token started off the month hovering around 27 cents and climbed as high as 95 cents on Feb. 27 before retreating slightly.\nThe STX price surge coincided with market participants\' growing interest in creatingOrdinal non-fungible tokens (NFTs), which are non-fungible tokens on bitcoin enabled by so-called inscriptions on Bitcoin’s mainnet.\nArca’s Talati said that the broader idea of improving the Bitcoin network’s scalability has been around since Bitcoin’sTaproot upgrade– multiple signatures and transactions batched together for better privacy and scalability – in November 2021.\nBut she added: “More information has become available in the last few weeks in people buying and trading them more. A lot of people have been saying, ‘Well, if Ordinals do really well, this gives a reason for people to use the Bitcoin network, and therefore they\'ll have the need to use Stacks.\'”\nTalati noted that there’s still no marketplace or infrastructure for Bitcoin NFTs yet. “People are trading these Ordinals via over-the-counter [OTC] using spreadsheets for bids and asks.” she said.\nPayment gateway Alchemy Pay (ACH) in the Currency sector was February’s second-largest winner, rising nearly $170%. Adventure gold (AGLD) and trueFi (TRU) jumped more than 50% during the month, according to CoinDesk Indices. TheCoinDesk Market Index(CMI) is up 3.3% for the month.\nGaming- and metaverse-affiliated tokens, which led January’s leaderboard, were among February’s biggest laggards.GMT, the native token of the STEPN ecosystem in the Culture and Entertainment sector, dipped 33% this month, while Gala Games\' nativeGALAtoken, which surged 233% last month, dropped 28% in February.\nLayer 1 network Aptos’ APT token, which surged 387% in January, dropped nearly 30% in February.\nVetle Lunde, senior analyst at crypto research firm Arcane Research, wrote in a weekly note that the recent ups and downs of tokens, saying that in three out of the last four weeks, the "top 50 coin" winner of the previous week has become the next week’s worst performer.\n“Altcoin cycles tend to be short-lived, but this is beyond the norm and has all the hallmarks of a bored market chasing opportunities, in addition to no new capital inflows,” he wrote, adding: “Poor liquidity facilitates this erratic pattern, and you do not want to be the one holding the bag when the music ends.”', 'Join the most important conversation in crypto and web3! Secure your seat today\nJanuary euphoria in crypto markets turned to February worry as investors sent prices of most, major digital assets lower.\nThe retreat coincided with a cascade of concerning inflation and jobs data, starting with lukewarm consumer price index (CPI) data in the first half of the month and continuing with an alarming steadiness in jobless claims and an even more alarming rise in consumer spending. It also came amid a flurry of regulatory action in the U.S. that raised concerns about government agencies overreaching or misdirecting their efforts.\nBitcoin (BTC) was recently trading flat from a month ago at about $23,080, although it was well down from its mid-February highs above$25,000 mark, according to CoinDesk data. The largest cryptocurrency by market capitalization rose about 40% in January.\nEther (ETH), the second-largest crypto by market value, also traded sideways for the month to hover just over $1,600. ETH rose more than 30% in January.\nWith Ethereum’s upcomingShanghai upgrade,markets’ interest in liquid staking derivativessoared, withLDO, the governance token of the decentralized autonomous organization behind liquid staking provider Lido surging 33% for the month. Its rival Rocket Pool’s native RPL token rose 18%.\n“I think the narrative of ETH withdrawals and the Shanghai update that\'s coming made a lot of people worry that those wouldn\'t perform as well,” Katie Talati, head of research at crypto asset-management firm Arca, told CoinDesk. “But a lot of people have accrued revenue in fees that they\'ve earned over this staking period.”\nBitcoin layer 2 protocol Stacks Network’s nativeSTXtoken grabbed the biggest winner trophy among 160 assets in the CoinDesk Market Index, soaring 216% in February. The STX token started off the month hovering around 27 cents and climbed as high as 95 cents on Feb. 27 before retreating slightly.\nThe STX price surge coincided with market participants\' growing interest in creatingOrdinal non-fungible tokens (NFTs), which are non-fungible tokens on bitcoin enabled by so-called inscriptions on Bitcoin’s mainnet.\nArca’s Talati said that the broader idea of improving the Bitcoin network’s scalability has been around since Bitcoin’sTaproot upgrade– multiple signatures and transactions batched together for better privacy and scalability – in November 2021.\nBut she added: “More information has become available in the last few weeks in people buying and trading them more. A lot of people have been saying, ‘Well, if Ordinals do really well, this gives a reason for people to use the Bitcoin network, and therefore they\'ll have the need to use Stacks.\'”\nTalati noted that there’s still no marketplace or infrastructure for Bitcoin NFTs yet. “People are trading these Ordinals via over-the-counter [OTC] using spreadsheets for bids and asks.” she said.\nPayment gateway Alchemy Pay (ACH) in the Currency sector was February’s second-largest winner, rising nearly $170%. Adventure gold (AGLD) and trueFi (TRU) jumped more than 50% during the month, according to CoinDesk Indices. TheCoinDesk Market Index(CMI) is up 3.3% for the month.\nGaming- and metaverse-affiliated tokens, which led January’s leaderboard, were among February’s biggest laggards.GMT, the native token of the STEPN ecosystem in the Culture and Entertainment sector, dipped 33% this month, while Gala Games\' nativeGALAtoken, which surged 233% last month, dropped 28% in February.\nLayer 1 network Aptos’ APT token, which surged 387% in January, dropped nearly 30% in February.\nVetle Lunde, senior analyst at crypto research firm Arcane Research, wrote in a weekly note that the recent ups and downs of tokens, saying that in three out of the last four weeks, the "top 50 coin" winner of the previous week has become the next week’s worst performer.\n“Altcoin cycles tend to be short-lived, but this is beyond the norm and has all the hallmarks of a bored market chasing opportunities, in addition to no new capital inflows,” he wrote, adding: “Poor liquidity facilitates this erratic pattern, and you do not want to be the one holding the bag when the music ends.”', 'Bitcoin fell in Wednesday morning trading in Asia, although it held above the US$23,000 lower resistance line. Most other top 10 non-stablecoin cryptocurrencies declined, with Cardano, Polkadot, and Shiba Inu posting the biggest losses. U.S. equities retreated on Tuesday to close out February in the negative after inflation concerns resurfaced on a series of stronger economic data readings, suggesting the Federal Reserve will be taking a tougher line on interest rate hikes. See related article: Liquid staking TVL surpasses lending, becomes the second-largest among DeFi services Fast facts Bitcoin dipped 1.45% in the past 24 hours to US$23,172 as of 8 a.m. in Hong Kong, losing 5.23% in the past seven days, according to CoinMarketCap data . Ether fell 1.69% to US$1,606, for a weekly loss of 3.15%. Despite the recent declines, Bitcoin is up 39% for the year to date, while Ether has gained 34% in the same period. Polkadot dropped 3.59% to US$6.35, bringing losses for the past week to 12.33%. However, data from PolkaInsiders showed the number of stakers on the network rose in February and Polkadot will be showcasing its latest developments at the ETHDenver conference on March 2-5. The token is up 45% year-to-date. Shiba Inu fell 3.88% to drop out of the top 10 non-stablecoin cryptocurrencies by market capitalization. It\x92s lost 7.96% for the week. Blockchain intelligence company Arkham reported on Tuesday that the bankrupt crypto platform Voyager Digital holds about US$77 million in Shiba Inu and has been rapidly selling these holdings, along with others. This adds downward pressure on the meme token after a wallet transferred 182 billion of Shiba Inu tokens to crypto exchanges on Monday, a move which usually precedes selling. Litecoin, which replaced Shiba Inu in the top ten non-stablecoin token list, dipped 0.15% to US$94.00 and held onto a weekly gain of 0.20%. Litecoin Foundation announced last week a partnership with Metalpha Technology Holding Ltd to improve the security and energy efficiency of Litecoin mining. The total crypto market capitalization moved 1.38% lower in the past 24 hours to US$1.05 trillion. And the total trading volume over the last 24 hours dropped 9.82% to US$41.69 billion. U.S. equities closed lower on Tuesday after a brief Monday rebound, as investors repositioned after a series of economic data readings in the latter half of February suggested higher interest rates will be around for longer than what some had expected. The Dow Jones Industrial Average dropped 0.71%, the S&P 500 dipped 0.30% and the Nasdaq Composite Index edged 0.10% lower. The U.S. personal consumption expenditures price index for January released last week rose 4.7% on year and 0.6% on month when excluding food and energy prices, beating expectations and pointing to possible larger interest rate increases ahead. U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 76.0% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 24.0% chance for a raise of 50 basis points, an increase from 23.3% as reported on Tuesday See related article: Coinbase exchange to delist Binance USD, says stablecoin \x91no longer met our listing standards\x92', 'Bitcoin fell in Wednesday morning trading in Asia, although it held above the US$23,000 lower resistance line. Most other top 10 non-stablecoin cryptocurrencies declined, with Cardano, Polkadot, and Shiba Inu posting the biggest losses. U.S. equities retreated on Tuesday to close out February in the negative after inflation concerns resurfaced on a series of stronger economic data readings, suggesting the Federal Reserve will be taking a tougher line on interest rate hikes.\nSee related article:Liquid staking TVL surpasses lending, becomes the second-largest among DeFi services\n• Bitcoin dipped 1.45% in the past 24 hours to US$23,172 as of 8 a.m. in Hong Kong, losing 5.23% in the past seven days, according toCoinMarketCap data. Ether fell 1.69% to US$1,606, for a weekly loss of 3.15%. Despite the recent declines, Bitcoin is up 39% for the year to date, while Ether has gained 34% in the same period.\n• Polkadot dropped 3.59% to US$6.35, bringing losses for the past week to 12.33%. However,data from PolkaInsidersshowed the number of stakers on the network rose in February and Polkadot will be showcasing its latest developments at theETHDenverconference on March 2-5. The token is up 45% year-to-date.\n• Shiba Inu fell 3.88% to drop out of the top 10 non-stablecoin cryptocurrencies by market capitalization. It’s lost 7.96% for the week. Blockchain intelligence company Arkhamreportedon Tuesday that the bankrupt crypto platform Voyager Digital holds about US$77 million in Shiba Inu and has been rapidly selling these holdings, along with others. This adds downward pressure on the meme token aftera wallet transferred 182 billion of Shiba Inu tokens to crypto exchangeson Monday, a move which usually precedes selling.\n• Litecoin, which replaced Shiba Inu in the top ten non-stablecoin token list, dipped 0.15% to US$94.00 and held onto a weekly gain of 0.20%. Litecoin Foundationannouncedlast week a partnership with Metalpha Technology Holding Ltd to improve the security and energy efficiency of Litecoin mining.\n• The total crypto market capitalization moved 1.38% lower in the past 24 hours to US$1.05 trillion. And the total trading volume over the last 24 hours dropped 9.82% to US$41.69 billion.\n• U.S. equities closed lower on Tuesday after a brief Monday rebound, as investors repositioned after a series of economic data readings in the latter half of February suggested higher interest rates will be around for longer than what some had expected. The Dow Jones Industrial Average dropped 0.71%, the S&P 500 dipped 0.30% and the Nasdaq Composite Index edged 0.10% lower.\n• The U.S.personal consumption expenditures price indexfor January released last week rose 4.7% on year and 0.6% on month when excluding food and energy prices, beating expectations and pointing to possible larger interest rate increases ahead.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 76.0% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 24.0% chance for a raise of 50 basis points, an increase from 23.3% as reported on Tuesday\nSee related article:Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’', 'Bitcoin fell in Wednesday morning trading in Asia, although it held above the US$23,000 lower resistance line. Most other top 10 non-stablecoin cryptocurrencies declined, with Cardano, Polkadot, and Shiba Inu posting the biggest losses. U.S. equities retreated on Tuesday to close out February in the negative after inflation concerns resurfaced on a series of stronger economic data readings, suggesting the Federal Reserve will be taking a tougher line on interest rate hikes.\nSee related article:Liquid staking TVL surpasses lending, becomes the second-largest among DeFi services\n• Bitcoin dipped 1.45% in the past 24 hours to US$23,172 as of 8 a.m. in Hong Kong, losing 5.23% in the past seven days, according toCoinMarketCap data. Ether fell 1.69% to US$1,606, for a weekly loss of 3.15%. Despite the recent declines, Bitcoin is up 39% for the year to date, while Ether has gained 34% in the same period.\n• Polkadot dropped 3.59% to US$6.35, bringing losses for the past week to 12.33%. However,data from PolkaInsidersshowed the number of stakers on the network rose in February and Polkadot will be showcasing its latest developments at theETHDenverconference on March 2-5. The token is up 45% year-to-date.\n• Shiba Inu fell 3.88% to drop out of the top 10 non-stablecoin cryptocurrencies by market capitalization. It’s lost 7.96% for the week. Blockchain intelligence company Arkhamreportedon Tuesday that the bankrupt crypto platform Voyager Digital holds about US$77 million in Shiba Inu and has been rapidly selling these holdings, along with others. This adds downward pressure on the meme token aftera wallet transferred 182 billion of Shiba Inu tokens to crypto exchangeson Monday, a move which usually precedes selling.\n• Litecoin, which replaced Shiba Inu in the top ten non-stablecoin token list, dipped 0.15% to US$94.00 and held onto a weekly gain of 0.20%. Litecoin Foundationannouncedlast week a partnership with Metalpha Technology Holding Ltd to improve the security and energy efficiency of Litecoin mining.\n• The total crypto market capitalization moved 1.38% lower in the past 24 hours to US$1.05 trillion. And the total trading volume over the last 24 hours dropped 9.82% to US$41.69 billion.\n• U.S. equities closed lower on Tuesday after a brief Monday rebound, as investors repositioned after a series of economic data readings in the latter half of February suggested higher interest rates will be around for longer than what some had expected. The Dow Jones Industrial Average dropped 0.71%, the S&P 500 dipped 0.30% and the Nasdaq Composite Index edged 0.10% lower.\n• The U.S.personal consumption expenditures price indexfor January released last week rose 4.7% on year and 0.6% on month when excluding food and energy prices, beating expectations and pointing to possible larger interest rate increases ahead.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 76.0% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 24.0% chance for a raise of 50 basis points, an increase from 23.3% as reported on Tuesday\nSee related article:Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’', 'Join the most important conversation in crypto and web3! Secure your seat today Deribit, the world\'s largest crypto options exchange by volume, will soon launch bitcoin (BTC) volatility futures, offering digital asset investors a simpler way than options to hedge against market volatility. Futures tied to Deribit\'s forward-looking bitcoin volatility index (DVOL) will be available to Deribit under the ticker BTCDVOL from the end of March, the exchange\'s chief commercial officer, Luuk Strijers, told CoinDesk on Wednesday. DVOL, launched in early 2021, measures bitcoin\'s 30-day implied volatility calculated using Deribit\'s options order book. Implied volatility refers to the options market\'s expectation for price turbulence over a specific period. Volatility trading involves betting on the future stability of an asset instead of taking a view on the direction of future price moves. Going long or buying volatility means betting the asset will see big moves in either direction. Crypto traders have been using options strategies like straddle and strangle to express their views on volatility. However, these strategies are complex and require buying and selling options at various strike prices and high risk tolerance. With the new offering, traders can bypass complexities involved in setting up options strategies and directly buy and sell volatility similar to trading futures tied to bitcoin\'s price. The product may attract more institutional and retail investor participation, much like the Chicago Board Options Exchange\'s (Cboe) VIX futures – derivatives on The Cboe Volatility Index, or VIX. The index represents the market\'s expectation for volatility in the S&P 500 over the coming 30 days. "DVOL futures are an exciting new product that will allow traders to hedge their positions & general risk management, take advantage of market volatility, but also the alpha generation and portfolio diversification," Strijers said. "This product is particularly useful for those who want exposure to BTC volatility but do not want to trade complex options strategies." Story continues Deribit users will initially get to trade only one-month expiry futures with the exchange planning to expand the offering to five expiries later. The volatility futures will be linear and priced, margined and settled in Circle\'s U.S. dollar-pegged stablecoin USDC. Linear contracts offer a payoff that is related linearly to the spot price of the underlying asset. Traders should note that DVOL futures, like other derivatives, are leveraged products that can amplify both gains and losses.', 'Join the most important conversation in crypto and web3! Secure your seat today Deribit, the world\'s largest crypto options exchange by volume, will soon launch bitcoin (BTC) volatility futures, offering digital asset investors a simpler way than options to hedge against market volatility. Futures tied to Deribit\'s forward-looking bitcoin volatility index (DVOL) will be available to Deribit under the ticker BTCDVOL from the end of March, the exchange\'s chief commercial officer, Luuk Strijers, told CoinDesk on Wednesday. DVOL, launched in early 2021, measures bitcoin\'s 30-day implied volatility calculated using Deribit\'s options order book. Implied volatility refers to the options market\'s expectation for price turbulence over a specific period. Volatility trading involves betting on the future stability of an asset instead of taking a view on the direction of future price moves. Going long or buying volatility means betting the asset will see big moves in either direction. Crypto traders have been using options strategies like straddle and strangle to express their views on volatility. However, these strategies are complex and require buying and selling options at various strike prices and high risk tolerance. With the new offering, traders can bypass complexities involved in setting up options strategies and directly buy and sell volatility similar to trading futures tied to bitcoin\'s price. The product may attract more institutional and retail investor participation, much like the Chicago Board Options Exchange\'s (Cboe) VIX futures – derivatives on The Cboe Volatility Index, or VIX. The index represents the market\'s expectation for volatility in the S&P 500 over the coming 30 days. "DVOL futures are an exciting new product that will allow traders to hedge their positions & general risk management, take advantage of market volatility, but also the alpha generation and portfolio diversification," Strijers said. "This product is particularly useful for those who want exposure to BTC volatility but do not want to trade complex options strategies." Story continues Deribit users will initially get to trade only one-month expiry futures with the exchange planning to expand the offering to five expiries later. The volatility futures will be linear and priced, margined and settled in Circle\'s U.S. dollar-pegged stablecoin USDC. Linear contracts offer a payoff that is related linearly to the spot price of the underlying asset. Traders should note that DVOL futures, like other derivatives, are leveraged products that can amplify both gains and losses.', 'Join the most important conversation in crypto and web3! Secure your seat today Deribit, the world\'s largest crypto options exchange by volume, will soon launch bitcoin (BTC) volatility futures, offering digital asset investors a simpler way than options to hedge against market volatility. Futures tied to Deribit\'s forward-looking bitcoin volatility index (DVOL) will be available to Deribit under the ticker BTCDVOL from the end of March, the exchange\'s chief commercial officer, Luuk Strijers, told CoinDesk on Wednesday. DVOL, launched in early 2021, measures bitcoin\'s 30-day implied volatility calculated using Deribit\'s options order book. Implied volatility refers to the options market\'s expectation for price turbulence over a specific period. Volatility trading involves betting on the future stability of an asset instead of taking a view on the direction of future price moves. Going long or buying volatility means betting the asset will see big moves in either direction. Crypto traders have been using options strategies like straddle and strangle to express their views on volatility. However, these strategies are complex and require buying and selling options at various strike prices and high risk tolerance. With the new offering, traders can bypass complexities involved in setting up options strategies and directly buy and sell volatility similar to trading futures tied to bitcoin\'s price. The product may attract more institutional and retail investor participation, much like the Chicago Board Options Exchange\'s (Cboe) VIX futures – derivatives on The Cboe Volatility Index, or VIX. The index represents the market\'s expectation for volatility in the S&P 500 over the coming 30 days. "DVOL futures are an exciting new product that will allow traders to hedge their positions & general risk management, take advantage of market volatility, but also the alpha generation and portfolio diversification," Strijers said. "This product is particularly useful for those who want exposure to BTC volatility but do not want to trade complex options strategies." Story continues Deribit users will initially get to trade only one-month expiry futures with the exchange planning to expand the offering to five expiries later. The volatility futures will be linear and priced, margined and settled in Circle\'s U.S. dollar-pegged stablecoin USDC. Linear contracts offer a payoff that is related linearly to the spot price of the underlying asset. Traders should note that DVOL futures, like other derivatives, are leveraged products that can amplify both gains and losses.', 'Epazz, Inc. Epazz, Inc. ZenaDrone 1000 CHICAGO, IL, March 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Epazz Inc. (OTC: EPAZ), a mission-critical provider of drone technology, blockchain mobile apps and cloud-based business software solutions, announced today that the US Air Force invited ZenaDrone to showcase the ZenaDrone 1000 at an air base in California on March 16 and 17. This will be ZenaDrone’s first visit to a military base to interact with personnel and gain insight into our drone technology’s potential use in the Air Force. ZenaDrone has been focusing on getting U.S. government contracts for its ZenaDrone 1000.\xa0 It has submitted Phase 1 SBIR contracts and is working on securing partnerships for Phase 2.
**Last 60 Days of Bitcoin's Closing Prices:**
[16547.50, 16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-01
**Financial & Commodity Data:**
- Gold Closing Price: $1837.70
- Crude Oil Closing Price: $77.69
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $457,387,589,831
- Hash Rate: 363837094.5902782
- Transaction Count: 381932.0
- Unique Addresses: 826824.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block 772,793 to the Bitcoin blockchain on Friday. At the time the block was added, Bitcoin's total hash rate was just over 269 exahash per second, meaning the solo miner's 10 TH/s hash rate represented just 0.000000037% of the blockchain's entire computational power. Put simply: It was an extremely unlikely win for an individual miner. Congratulations to miner 1CEmkQkgiCMx6DHSDkHi53mL8oEthCZSw with only 10TH who solved a solo block at https://t.co/UWgBvLkDqc ! https://t.co/0O7A7KR4eu Dr. Con Kolivas (@ckpooldev) January 20, 2023 Despite the odds stacked against them, the solo miner was the first to produce a valid hash for the block to be mined. In return, the miner received 98% of the total 6.35939231 BTC allotted for the block reward and fees. The remaining 2% went to Solo CK Pool, an online mining service that facilitates individual mining. Bitcoin's randomness and probabilities coded for luck and work To add a block to a proof-of-work blockchain like Bitcoin, the miner must be the first to calculate a valid hash for the block, which can only be discovered using brute computational force. Mining machines run an encryption algorithm to produce a hash that falls below a threshold specified by the network. If the algorithm produces a value that is above the hash target, the miner tries the algorithm again with a slightly altered input to produce a completely new value for the hash. Miners built specifically to perform this function are able to compute trillions of unique hashes each second. However, even if a miner's machine were able to only produce one hash per second, it is theoretically possible that the algorithm's first output could be a valid hash to solve the block. Story continues What were the odds? The chances of adding a block as a solo miner are determined by the number of hashes the miner's rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second. According to a post from user Willi9974 on the BitcoinTalk forum less than an hour after block 772,793 was solved, the lucky solo miner had an average hash rate over the previous hour of 10.6 TH/s. The information posted on BitcoinTalk also revealed that the ~10 TH/s was the combined power of four machines (called "workers"). This suggests that this solo miner's rig was likely made up of four USB stick Bitcoin miners, which can individually achieve a hash rate of around 3 TH/s and cost roughly $200 each. Using the difficulty level included in block 772,793 and assuming the solo miner's rig was computing 10 TH/s, it is possible to calculate the total estimated hash rate as 269,082,950 TH/s at the time the block was solved. Based on this, the odds of this solo miner being the first to solve the block with a valid hash are one in 26.9 million. Statistically, that means that if the same circumstances were repeated infinite times, the solo miner would add the block 0.000000037% of the time, on average. Unlikely, but not impossibleand this has happened before While this scenario was extremely unlikely, similar "once-in-a-lifetime" events in Bitcoin mining have happened before. One year ago , in less than two weeks , there were three different solo miners that solved blocks with improbable hash ratesthe third's hash rate was apparently just 8.3 TH/s in comparison to the estimated 190,719,350 TH/s total hash rate, which comes out to a one in 23 million chance (or 0.000000044%). A hash is either valid and thus solves the block, or it isn't. There is no strategy involved, as the entire system is based on the random generation of hash values and the response mechanisms of the network to maintain core probabilities. Bitcoin runs on code and formulas, so a solo miner somehow solving the next four blocks is perfectly possible within Bitcoins mathematical system. Mining pools remain the usual winners Anecdotes about solo miners like these could end up introducing a new hobby to the ever-hopeful. However, the vast majority of blocks added to the Bitcoin blockchain today have been produced by large pools of mining rigs that combine their hashing power and share earnings. In doing so, each miner's contribution is rewarded proportionally each time the pool mines a block. According to blockchain explorer and mining pool BTC.com , the largest Bitcoin mining pool is currently Foundry USA, with its collective 90.19 EH/s computing power making up 31.3% of the network's total hash ratewhich means they earn a share of the block rewards and fees for one in every three blocks, on average. Mining pools date back to 2010 and have steadily captured greater shares of hash rate distribution year over year as mining difficulty increased and mining technology improved. Today, at least 98% of Bitcoin miners online belong to a mining pool....
- Reddit Posts (Sample): [['u/Appropriate_Bug7466', 'PSA to miners and node operators in Illinois, USA', 227, '2023-03-01 01:19', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/', 'As many of you have surely heard, senate bill 1887 as proposed would essentially outlaw mining, validating, and running a node in Illinois (in the name of consumer protection). Whether this is an act of criminal incompetence or underhandedness is unclear.\n\nDoes this stop bitcoin? Of course not, but that doesn’t mean we want it slowed down either - better to win without fighting the war.\n\nIf you live in Illinois I urge you to contact your house representative on this matter. \n\nYou can find your representative by your address at:\n\n[Illinoispolicy.org/maps/illinois-house/#](https://Illinoispolicy.org/maps/illinois-house/#)\n\nAfter looking that up you can also look up more contact details at:\n\n[Ilga.gov/house/](https://Ilga.gov/house/)\n\nI just left voice messages and an email urging my representative to oppose SB1887 in its current form as it is unworkable and would drive talent, innovation, and business in the crypto industry out of state.', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/', '11eoqw4', [['u/SeemoarAlpha', 49, '2023-03-01 02:23', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafg77i/', 'Better yet, move. The state is headed for bankruptcy and a few proposals include heavily taxing BTC. Illinois ranks 48th, just ahead of Connecticut and New Jersey, in financial stability.', '11eoqw4'], ['u/cabinfvr', 25, '2023-03-01 02:35', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafhtbb/', "Illinois is in a death spiral. Don't let them take you down with them. Agree, move.", '11eoqw4'], ['u/clue5tick', 32, '2023-03-01 02:37', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafi1mg/', 'Sue the hell out of them. \n\nNothing like a good First Amendment penalty to focus their corrupt little brains.', '11eoqw4'], ['u/Sweaty-Play-9746', 10, '2023-03-01 02:50', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafjr6y/', 'That State sounds a lot like a Communist Venezuela in early stages…', '11eoqw4'], ['u/soliton-gaydar', 61, '2023-03-01 03:00', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafl2xp/', 'As if anyone needed another reason to leave Illinois.', '11eoqw4'], ['u/mossyoaktoe', 16, '2023-03-01 04:53', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafzq66/', 'That state has no problem infringing on the 2nd amendment, I doubt they hesitate to continue the same with the 1st.', '11eoqw4'], ['u/Magnus826', 42, '2023-03-01 05:10', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jag1qx6/', "Thank you! I'm in Illinois.", '11eoqw4'], ['u/igadjeed', 11, '2023-03-01 05:47', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jag5z9u/', '> criminal incompetence\n\nThis\n\n> a court may order any appropriate blockchain transaction for digital property or for the execution of a smart contract. Provides that a blockchain network that processes a blockchain transaction originating in the State at any time after the effective date of the Act shall process a court-ordered blockchain transaction without the need for the private key associated with the digital property or smart contract \n\n...\n\n> civil penalty of between $5,000 and $10,000 for each day that the blockchain network fails to comply with the order', '11eoqw4'], ['u/Double-LR', 19, '2023-03-01 06:33', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagangd/', 'Weapon grade ignorance. What moron wrote this crap? I’d love to know who it is. I’m betting they look the part.', '11eoqw4'], ['u/Odd-Living5845', 24, '2023-03-01 06:35', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagawmz/', 'TOR to the rescue.\nThese boomer politicians are destroying the country', '11eoqw4'], ['u/igadjeed', 11, '2023-03-01 06:36', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagb0p8/', "It appears to be copied from the Craig Wright lawsuit against Bitcoin developers. He's asking a UK court to order the developers to change the Core code so that he can be paid the coins for which he claims he lost the keys", '11eoqw4'], ['u/Double-LR', 12, '2023-03-01 06:50', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagcb1c/', 'Oh. It’s Craig! Now it makes sense why it’s so stupid. Thanks for the info.', '11eoqw4'], ['u/pcvcolin', 21, '2023-03-01 09:46', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagqbfr/', "^ Oppose this Illinois idiocy - and also advocate against certain Congresspersons' attempts to limit mining based on ESG reporting. Proof of work has also become the target of worthless partisan bureaucrats in three-letter agencies - be ready for court battles in the USA on this issue.\n\nSee:\n\nhttps://www.satoshiaction.io/so/b0OQJlZ_A?languageTag=en&cid=21afbe68-15af-491e-9c57-3efab0c2d41a", '11eoqw4'], ['u/kajunkennyg', 10, '2023-03-01 12:24', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jah1oax/', 'All the states are headed for bankruptcy. California went from having a 100b surplus to 25b deficient in ten months.', '11eoqw4'], ['u/SnooMachines7409', 16, '2023-03-01 16:28', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jahu5pj/', "I recommend not fighting the dinosaurs, they would die in next 1-2 halvings. Use TOR if you're in Illinois.", '11eoqw4']]], ['u/Elias_Swanberg', 'Neckbeard fails college "because of women"', 92, '2023-03-01 03:49', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/', 'Idk if this actually falls into the neckbeard category so you decide\n\n Also plz read Vincy \n\nAt work this guy "A" was bragging about his lifestyle, he told everyone he was a huge "playboy" in college. A also referred to Women as Females or Sluts. A told everyone that he was studying to be a history teacher and that it was going to be very easy because he\'s "a genius that knows history better than most people". Well his first attempt to make himself "look cool" was hitting on a lesbian couple claiming he can "give them a great time" and " turn them straight again". A really sucked at his job so people disliked him very quickly (we stacked boxes in trailers and couldn\'t stack walls to save his life) and always claimed he was tired or distracted by all the women he was chasing. Well at the end of December (2022) he randomly told everyone he had to quit because he flunked college with a .4 GPA and that it was all women\'s fault for "seducing" him and "dressing slutty". A left after calling the lesbian girls sluts and claimed they sent him lewd pics, and that he was willing to give to all the other guys who worked there the pics luckily everyone declined and threatened to report him but he quit before they could. \n\nSide notes: A also told all the men his "flawless secret " to pickup girls was to just buy them things until they "owe you sex" \nHe also kept trying to invest in my band (work in progress) by using Bitcoin scams and by boosting our popularity by hiring girls... sorry "Females" to go to shows.\nHe was also a follower of Andrew Tate and called himself an alpha male and he for some reason called me a Chad for being single (by my choice I have problems I need to work on)', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/', '11es3bj', [['u/Affectionate-Cat8372', 13, '2023-03-01 14:56', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/jahhapv/', 'Vincey’s reading of “Wolf-beard” will never not be legendary. Often I just put it on to have a laugh at the adventures of Wolf-Beard and Miss Piggy. Man I hope he reads this one too', '11es3bj']]], ['u/coops8D', 'All my ETH was stolen from Ledger wallet', 29, '2023-03-01 05:20', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/', 'Looking for some advice here - I moved all my crypto to Ledger, and I have just checked it and noticed it is all gone...\n\nAll I can see my ledger ETH wallet https://etherscan.io/address/0xeb17edb78d48ff2f3b1ef5a329983a43d917bddc\n\nand it going to this wallet https://etherscan.io/address/0x87c69e3c7ac26af7f50283bee794922b627dd529\n\nHow does this happen? My seed phrase is offline.\n\n\nEDIT: They also drained my ERC20 wallet with bunch of random coins there: https://etherscan.io/address/0xf76d555208fb7de91456a205e71f50b372156964\n\nAlong with all my MATIC https://polygonscan.com/tx/0x658acc17f7858297796ca1e1edcadcc058cd6967cc2b220df9bceae3ed5ec033\n\nand a bit of BTC that was for my daughter https://blockstream.info/tx/b70a1fd868f95b85abd28e7f5b87f100049cf152341232a0007293edb3c52408\n\nEDIT: same with all my loopring https://etherscan.io/tx/0x1e81db2f2eed58314f5345c7425faaf65d46118a7156cf6a72bdcaf34e387fc7\n\nLedger was purchased from the website in 2017 and seed phrase is offline on a metal card', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/', '11eu0ee', [['u/Mountain_Discount_94', 17, '2023-03-01 05:35', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jag4o1n/', 'bought it in 2017 but the first transaction to that wallet was 5 days ago?', '11eu0ee'], ['u/PushTheButtonPlease', 30, '2023-03-01 05:51', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jag6cu5/', 'You may have a fake version of Ledger Live.', '11eu0ee'], ['u/BlitzPsych', 50, '2023-03-01 06:11', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jag8h8l/', 'I’m sorry this happened. Looking at Breadcrumbs.app (visualizer for addresses) your ETH ended up at a wallet called Binance 14. It might be worth contacting the police and Binance. \n\nThe thief’s wallet address seems to be constantly getting ETH from different sources and then sends it to Binance consistently. I’m not sure about Binance but if they require KYC documents, the identity could be found. But if they don’t then it’s gone. Sorry again.', '11eu0ee'], ['u/coops8D', 28, '2023-03-01 06:13', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jag8qhn/', 'Yeah filed police report and on chat with Binance now', '11eu0ee'], ['u/BlitzPsych', 19, '2023-03-01 06:32', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jagamt0/', 'So are you saying that the wallet it was stolen from was created just 5/6 days ago? Also was the seed generated from Ledger itself or from a different source?', '11eu0ee'], ['u/Darkman5696', 10, '2023-03-01 07:48', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jaghdxx/', "Almost certainly you've signed a malicious smart contract with the speed that the eth was instantly withdrawn when put into wallet.", '11eu0ee'], ['u/WhatsTheGoalieDoing', 10, '2023-03-01 08:41', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jaglkws/', "That's why cash never took off - people were always stealing it. \n\nSame as using debit and credit cards, they never got popular because there were just too many scams.", '11eu0ee'], ['u/Yodel_And_Hodl_Mode', 17, '2023-03-01 10:45', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jagugtl/', "Yeah, there are many details missing here. For starters, Crypto.com didn't exist in 2017. So, it isn't possible that the OP bought ETH on CDC in 2017. Also, the idea that the OP bought it on an exchange and left it there for over five years, and only last week decided to move it, when immediately it was stolen...\n\n...many details of what happened are missing. Where did the malicious smart contract come into this?", '11eu0ee'], ['u/stock-prince-WK', 62, '2023-03-01 12:39', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jah2yf1/', 'OP if you keep saying you did nothing wrong people will keep attacking you on here.\n\nUnfortunately you did something wrong and really need to think hard about the places you typed your seed phrase into, the transactions you approved on your device, and the software you downloaded onto your computer.\n\nFact is you did something wrong. You would not have had your wallet drained if you did everything right. \n\nMany of us on here have had our wallets for years and they have never been drained…so we will not believe that your wallet was compromised without a mistake. \n\nUnless it happens to us one day 🤷\u200d♂️', '11eu0ee'], ['u/Avanchnzel', 10, '2023-03-01 13:03', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jah4z94/', 'Besides all their EVM tokens and coins, they also had BTC stolen, which is an indicator for their mnemonic seed having been stolen.', '11eu0ee'], ['u/Coeruleus_', 10, '2023-03-01 13:47', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jah9b9v/', 'Lol lol the story NEVER adds up', '11eu0ee'], ['u/Sweaty_Suprise', 14, '2023-03-01 14:15', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jahcbma/', "Wouldn't they still need to put the seed phrase into the fake version? Something that shouldn't be done even on the real version.", '11eu0ee'], ['u/beerbaron105', 10, '2023-03-01 15:00', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jahhsqk/', '99.99999999999% User error\n\nBe honest with us or no one can help you', '11eu0ee'], ['u/BillsInATL', 14, '2023-03-01 16:43', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/jahwfzr/', "I have yet to see an instance when it was not the user's fault. If there was any way for Ledgers to be compromised without user mistake, we'd all know about it by now because it would have been pulled on all the users by now.\n\nEvery single post that says they did nothing wrong ends up with them realizing they did something wrong. Even if not on purpose or through negligence. So many people have fallen prey to the malware that redirects to fake versions of Ledger Live, etc. It's always something that required action.", '11eu0ee']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, March 01, 2023', 32, '2023-03-01 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/', '11eusp5', [['u/PolarNimbus', 16, '2023-03-01 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jag8csq/', 'Cheers to March being green and filled with luck and fortune!', '11eusp5'], ['u/Shibenaut', 13, '2023-03-01 06:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jagbrdi/', 'Ah yes, the seesaw market', '11eusp5'], ['u/Downtown-Ad-4117', 25, '2023-03-01 08:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jagkiye/', 'Does the silence mean everyone made the wrong trade again?', '11eusp5'], ['u/TalkMeNiceOrNotAtAll', 13, '2023-03-01 11:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jagxbgp/', 'I fucked up by shorting 23k lol', '11eusp5'], ['u/Magikarpeles', 18, '2023-03-01 15:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jahl7u8/', "I've also lost more on my mistakes than my successes", '11eusp5'], ['u/DarthVarn', 10, '2023-03-01 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jahuzts/', "Well, January was great, February was so-so, I'm thinking March will end up again, maybe not by much but I really do think 15,700 was the bottom and we're going to slowly crawl up over the next few months but gain more momentum as the months pass. NFA 😳", '11eusp5'], ['u/xtal_00', 25, '2023-03-01 16:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jahxmde/', "So, my TA commentary:\n\n23k has been reasonably solid support back to the 15th.\n\nThe test into 22k didn't last long. This gives me confidence that 24k will be tested soon, and I am expecting will form more solid support than we've seen on prior attempts. Then comes the crabwalk at 25k again.\n\nOn a bearish take, \\~21500 held up reasonably well on the 9-13 drop. Breaking 22k will re-test this, and if it goes, we will test back lower still - I will be out before then, licking my wounds and looking for an entry below 21k. I consider this unlikely.\n\nOnce we close above 25k, I expect the trip to 27-28k to be more rapid. The long term realized price is floating around 30k depending on how you want to define, and historically we have trended towards that exiting bear markets. I would also consider a close above 25k a pretty good signal the bear is hibernating.\n\nCheers!", '11eusp5'], ['u/cryptojimmy8', 17, '2023-03-01 17:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jahzd6d/', 'Eur price at Kraken was now 22222.2. Not much else interesting happening today so thought I’d share', '11eusp5'], ['u/Westbrook_Level', 14, '2023-03-01 17:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jai1neb/', 'Guys, if you are rekt by a 2k range of movement in BTC you are doing BTC wrong. Just buy some and wait, that’s all you can do. This little 2k movement will look like noise you can’t even see on the zoomed out graph that will matter.\n\nI know this post won’t matter, because people love their gambling, but I’d like to see people win.', '11eusp5'], ['u/setzer', 14, '2023-03-01 20:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jaiyy3j/', "Short term I expect more downside if the SPY does not bounce back soon. \n\nWhile it is nice that BTC is holding relatively well, this wouldn't be the first time it's just a delayed reaction. And so far, BTC hasn't broken through any significant resistance levels with stocks also in decline (the push to 24k initially came with a strong upswing in stocks). So, I'm not sure why one would expect any different this time. Seems pretty unlikely we'll go above 25 as long as SPY is under 4000, and the longer SPY stays under 4000 the greater odds we dump imo - probably retest 21.5, and possibly down to 20.5.\n\nSo I'm staying out with my trading stash, still holding long term coins of course though. This price action is really just noise if you are holding long term. I don't think the chart looks bad even if mid 20s are revisited again.", '11eusp5'], ['u/DamonAndTheSea', 15, '2023-03-01 20:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jaizx4p/', 'In the near term, I’d like to see [SPY hold this level - currently at support and 100MA](https://www.tradingview.com/x/jS3Yb4Gq/). Below and it’ll make the Jan breakout look like a fake out. \n\n[BTC/SPY correlation coefficient dropping since Jan.](https://www.tradingview.com/x/aw7zmBh8/) I’d like to see this continue but have doubts if bottom falls out of the current move in stocks.', '11eusp5'], ['u/shadowofashadow', 27, '2023-03-01 21:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jaj6vgd/', 'Wow 35 comments, the market must be really boring right now!\n\nBy the way I just saw that ChatGPT needs 30,000 GPUs to do all of the processing. Why do you think there is such a moral panic over the amount of energy crypto uses but no one seems to apply that same lens to any other technology?', '11eusp5'], ['u/AccidentalArbitrage', 26, '2023-03-01 21:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/11eusp5/daily_discussion_wednesday_march_01_2023/jaj79uk/', ">Why do you think there is such a moral panic over the amount of energy crypto uses but no one seems to apply that same lens to any other technology?\n\nThey same reason these people don't care about the electricity use of YouTube, Video Game Consoles, Christmas Lights, Air Conditioning, etc. They think those things are cool and add value to their lives, they don't think the same of BTC...yet.", '11eusp5']]], ['u/rBitcoinMod', 'Daily Discussion, March 01, 2023', 44, '2023-03-01 07:05', 'https://www.reddit.com/r/Bitcoin/comments/11ew0l3/daily_discussion_march_01_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11dynz7/daily_discussion_february_28_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11ew0l3/daily_discussion_march_01_2023/', '11ew0l3', [['u/dima054', 10, '2023-03-01 07:55', 'https://www.reddit.com/r/Bitcoin/comments/11ew0l3/daily_discussion_march_01_2023/jaghwxq/', '🌽', '11ew0l3'], ['u/50coach', 10, '2023-03-01 09:30', 'https://www.reddit.com/r/Bitcoin/comments/11ew0l3/daily_discussion_march_01_2023/jagp6qm/', 'Sir this is bitcoin sub', '11ew0l3'], ['u/JWillCHS', 18, '2023-03-01 15:58', 'https://www.reddit.com/r/Bitcoin/comments/11ew0l3/daily_discussion_march_01_2023/jahpnqq/', 'Went to my first Bitcoin meet up in the major city where I live. I was already invested into Bitcoin before but now I’m thinking about converting all my other bags to BTC.\n\nIts amazing to meet new people who are really into Bitcoin as money and a store of value instead of a speculative/risk asset.\n\nThere were so many different people especially in age. It convinced me that Bitcoin is so much bigger than people actually think. They even said that US regulators like Hester Pierce attended a Meetup.\n\nI haven’t been this excited or motivated in a long time. I’m so pumped this Tuesday.', '11ew0l3'], ['u/Samsonite_1604', 13, '2023-03-01 19:53', 'https://www.reddit.com/r/Bitcoin/comments/11ew0l3/daily_discussion_march_01_2023/jaiqd9x/', 'Hey bitches. I bought a nano x and now have my BTC on a hardware wallet. Feels good to be drunk and have my BTC safe.', '11ew0l3']]], ['u/Only1Shock', 'Seems like ethereum killers will never succeed.', 40, '2023-03-01 07:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ew7c3/seems_like_ethereum_killers_will_never_succeed/', 'This may be an unpopular opinion, but I believe ethereum killers will never succeed, why? Because they don’t get the adoption ETH does. \n\nAnd unlike BTC, ETH is forever evolving. There’s a team behind ethereum making the coin better. \n\nETH2.0 shows that it will always get better and crush it’s problems. Not only that, a lot of people consider ETH the second coin to not be an ALT. \n\nI like to view BTC as a house, it’s great to live in, it slowly will go up in value. \n\nBut eth is like the car, it’s got so much. You can live in, you can use it to move stuff, you can move it to make money, (Uber/taxi). \n\nAnd even if a coin is faster than eth, it doesn’t matter too much, the MC of ETH is 300 billion (aus)\n\nAnd in my opinion no ETH killer will actually kill ETH.', 'https://www.reddit.com/r/CryptoCurrency/comments/11ew7c3/seems_like_ethereum_killers_will_never_succeed/', '11ew7c3', [['u/Socialinfluencing', 53, '2023-03-01 07:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11ew7c3/seems_like_ethereum_killers_will_never_succeed/jagetd0/', 'That term needs to be dropped imo, at this stage Eth has become entrenched. Can Eth be dethroned? Absolutely, anything can. Will anything kill it though? Nah, at that stage the whole market would have to be wiped out which is also a statistical unlikelihood.', '11ew7c3'], ['u/kirtash93', 16, '2023-03-01 08:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11ew7c3/seems_like_ethereum_killers_will_never_succeed/jagkmul/', 'For me ETH is almost as safe investment as BTC. Not an altcoin anymore.', '11ew7c3'], ['u/South-Security-Mouse', 19, '2023-03-01 08:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11ew7c3/seems_like_ethereum_killers_will_never_succeed/jagkyn2/', 'Ethereum is the true Ethereum killer killer', '11ew7c3'], ['u/the_spiritual_eye', 11, '2023-03-01 10:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11ew7c3/seems_like_ethereum_killers_will_never_succeed/jagt7bc/', 'Anything that claims to be a “killer” always turns out to be some VC funded bullshit.', '11ew7c3']]], ['u/Tranquilizrr', "Wanted players: we're doing you a favour!", 59, '2023-03-01 07:20', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/', "Not to add to the btching about the wanted system, it is what it is, just happened to turn off pacifist mode to kill a wanted player and was salted at over the mic? lmao\n\nFigured I'd do him a favor and get rid of the status, and get myself a couple steam achievements. Even waited there with his loot so he could grab it and the guy was pissed.\n\nHad to get my mic connected and explain to him I was just getting rid of the wanted status, which lead to some shitty remarks based off my voice not matching my name (shocker, a trans woman into Fallout lol). Why so angry?? Do you lose something other than junk if killed in pvp? I don't get it. Wish there was a text chat or at least text presets on PC for this purpose, like hey just un-wanting you quick lol.\n\nSorry for the random paragraphs, just bewildered why you'd be upset to have the status removed and actually play the game, visit vendors, etc.\n\nThank you to 99.999% of the community in general for being wholesome and fun to play with. I add ppl as friends pretty much every session I have so I'm usually always placed in servers with good players, I'm just confused. I hope pvp killing doesn't screw with their mutations or anything, I assume it's the same rules as normal death, correct?\n\nTy :)", 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/', '11ewaoh', [['u/Tranquilizrr', 17, '2023-03-01 07:40', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jaggqma/', 'A beautiful thing.\n\n"Dickball" an even more beautifuler thing.', '11ewaoh'], ['u/Square-Panic6373', 10, '2023-03-01 07:49', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jaghgzm/', 'Try pulse mines on bounty trolls it works so well they get really toxic over the mic. 🤣', '11ewaoh'], ['u/Tranquilizrr', 12, '2023-03-01 08:03', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jagil2s/', "Why? I'm confused as to why wanted ppl get angry over the mic when you help them lol.", '11ewaoh'], ['u/ArcticSirenAK', 18, '2023-03-01 09:37', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jagpool/', 'They said the last two paragraphs, but I’m willing to be it is more pointed at a trans identification. I really hope I am wrong about this, but given the toxicity found in gaming and especially the high levels of scrutiny leveled at women and trans people, I would not be surprised.', '11ewaoh'], ['u/UnkemptRat', 31, '2023-03-01 11:33', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jagxubl/', 'Fus Ro Dah', '11ewaoh'], ['u/Grantley34', 23, '2023-03-01 12:17', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jah1489/', "Weird way to say you're transphobic but okay", '11ewaoh'], ['u/thomasahanna', 22, '2023-03-01 15:05', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jahihj0/', 'I have been wanted a few times and usually I have to go begging for a bullet….so yes thank you to the kind souls who wipe off the stain of wanted shame….it’s the water purifiers that get me every time….oh the humanity', '11ewaoh'], ['u/Tranquilizrr', 20, '2023-03-01 15:34', 'https://www.reddit.com/r/fo76/comments/11ewaoh/wanted_players_were_doing_you_a_favour/jahma90/', "TLDR; in Fallout, society is gone and now I can run around with pink hair and casual outfit :) also I have a formidable shotgun like Sarah in Terminator 2\n\nAnyway long response incoming lol:\n\nOh yeah Fallout seems to have worked its way into the chronically online trans girl meta thing.\n\nI honestly think the pathway in general is video games are generally male coded/male dominated, especially for outcast and neurodivergent men > some of said neurodivergent men choose to live as a woman at some point > interests stay relatively the same, then you get lots of techy trans women gamers and whatnot, musicians and producers, artists, etc.\n\nIt's definitely video games in general, but Fallout especially ig is attractive because of the RPG nature, your in game character can be female and more representative of your feelings/desired self-presentation (side note, lots of cis women disguise being a woman in games cause of different treatment, that's another discussion tho, also notice lots of cis men playing as women characters, so its just fun to make a character whether there's a deeper meaning behind it or not I suppose!).\n\nAlso in Fallout, the world and all of society as we knew it went boom so I guess that's a bit representative of the trans experience lol. Maybe the walking down the street and large mutants try to kill you thing plays in too.\n\nThanks for the interesting question genuinely, other than getting advice on local resources through Reddit, it's really exhausting to talk abt trans things online and in person, and I just wanna exist, but I think it's rlly cool to have discourse about this kinda stuff specifically.\n\nEdit: also my camp is filled with teddy bears and i was called gay as a kid for having them soooo hehehe >:) they weren't wrong but like still now i can have my lil cute ass camp (had a group of like 5 high lvl players visit and be super nice over VOIP and that felt rlly nice to have them fawning over my teddy displays and matching casual outfits and fashionable glasses with Daguerre.. that might be the gayest/sapphicest thing i've wrote on this site and I'm sorry for the novel but I think you knew, based off your premonitions, that I'd go off about Fallout lmao)", '11ewaoh']]], ['u/Legal-Boss-3425', 'A poop emoji was just bought for 1.21 BTC ($28,000)', 578, '2023-03-01 08:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/', "Someone just bought inscription #121 (the first ever poop emoji to be inscribed on Bitcoin) using Openordex.\n\n[The poop emoji sold for $28k](https://preview.redd.it/vr6fu6swv2la1.png?width=237&format=png&auto=webp&v=enabled&s=b98f03c896eaddbe601c40873dfede7da54452ce)\n\n[See the fabled emoji here](https://ordinals.com/inscription/a4f79da86cbfeb105189c9d16dbfabb568761bbd7ee3756f2f14d87ec53caceci0)\n\n[Proof of transaction here](https://mempool.space/address/bc1pxk4mq730xe366nu3p04xeum9rxr80zgtqw24rdkvlmt27ttqh84q8rffze)\n\nIs shit only going up from here?\n\nMore seriously seems NFTs on Bitcoin (Ordinals) are kind of taking off. Since I have to fill the 500 characters I'll mention that the Bored Ape Yacht Club creators (Yuga Labs) are also hopping on the hype and going to release their own NFT collection minted on Ordinals, it will be 300 generative art NFTs.\n\nShit's probably going to be more expensive than poop emojis, though.", 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/', '11exddy', [['u/Aloftsplint25', 10, '2023-03-01 08:21', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagk1k1/', 'Bitcoin maxis used to calling other coins shitcoins currently in identity crisis.', '11exddy'], ['u/Money_Reach', 253, '2023-03-01 08:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagk7yp/', 'Laundering money through.. poop?', '11exddy'], ['u/imbarrydylan', 206, '2023-03-01 08:31', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagkqlb/', 'Here you can have mine for free: 💩\n\nEdit: Sorry Apple charged me 5ETH for it, I need it back', '11exddy'], ['u/Sunwaym', 33, '2023-03-01 08:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagkuvw/', 'How much gas fees did you pay for that ?', '11exddy'], ['u/qtqh', 11, '2023-03-01 08:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagkuyr/', 'My analysis is that this is dumb', '11exddy'], ['u/South-Security-Mouse', 23, '2023-03-01 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagl0o6/', 'Shit just got real', '11exddy'], ['u/deathbyfish13', 65, '2023-03-01 08:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagl1lu/', "I'm no laundry expert but I don't think you should be laundering anything with poop", '11exddy'], ['u/mesutdmn', 36, '2023-03-01 08:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagl3q2/', 'SEC gonna add it to the forbidden emoji list now.', '11exddy'], ['u/Wabi-Sabibitch', 76, '2023-03-01 08:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagl90t/', '\n\n*Did you mean* "Someone just laundered $28,000"', '11exddy'], ['u/btnmoon', 11, '2023-03-01 09:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagnrrj/', 'I kinda hope it is money laundering. Mainly because in a world where many are struggling to eat, heat their homes and clothe themselves, if someone is spending $28,000 on this shit then I despair!', '11exddy'], ['u/laulau9025', 15, '2023-03-01 09:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagnyya/', '*Dump* incoming', '11exddy'], ['u/Barbygurl', 15, '2023-03-01 09:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagoagp/', "That's one way to change the smell of your laundry", '11exddy'], ['u/demomercury', 28, '2023-03-01 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagql6n/', 'Do you mean fart?', '11exddy'], ['u/ChaosUncaged', 10, '2023-03-01 10:31', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagtfzj/', 'People are still screaming money laundering? Lol', '11exddy'], ['u/Canntomas', 14, '2023-03-01 10:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11exddy/a_poop_emoji_was_just_bought_for_121_btc_28000/jagupkk/', 'SEC 👉💩\n\n*Disclaimer: This is not financial advice.*', '11exddy']]], ['u/Legal-Boss-3425', 'FTX Japan getting drained after reopening - UPDATE', 47, '2023-03-01 08:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11exqkz/ftx_japan_getting_drained_after_reopening_update/', 'For those that don\'t know, FTX Japan reopened last week, allowing depositors (though apparently not all) to withdraw and to "resume" normal business.\n\nThe three most held coins on there are BTC, ETH and XRP, and they\'ve all seen withdrawals of 20-50% of the total supply held there.\n\n||February 20th|February 27th|\n|:-|:-|:-|\n|BTC|$97 mln|$50 mln|\n|ETH|$33 mln|$19 mln|\n|XRP|$28 mln|$21 mln|\n\nSource is FTX Japan\'s filings.\n\nSeems Bitcoin holders are the smartest ones, pulling out the most (-47%). Ethereum second smartest (-40%) and XRP holders maybe still have some trust in a FTX Japan restart (-22%). Numbers don\'t match up exactly because for withdrawals I took the crypto amounts, rather than USD amounts.\n\nAnyway if you also have coins in FTX Japan and have not been following, be aware you can withdraw now!', 'https://www.reddit.com/r/CryptoCurrency/comments/11exqkz/ftx_japan_getting_drained_after_reopening_update/', '11exqkz', [['u/Money_Reach', 23, '2023-03-01 08:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11exqkz/ftx_japan_getting_drained_after_reopening_update/jaglvl7/', "Surprised it's not 100%. I hoped people getting literally scammed would help convince people to self-custody.", '11exqkz'], ['u/SlimeBeing', 13, '2023-03-01 08:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11exqkz/ftx_japan_getting_drained_after_reopening_update/jagmiwu/', "I'm the one who posted previously about being an FTX Japan claimant who was unable to withdraw, and you can't trust their info since they won't even tell me and other claimants how much money we had in our accounts. They won't reveal the amount of accounts they are letting withdraw.", '11exqkz']]], ['u/[deleted]', 'should I sell all my bitcoin for silver', 115, '2023-03-01 10:37', 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/', "It's about 5K worth of bitcoin, and I'm considering selling it all and buying silver, but hesitant. But at the same time it's the only cash I have, I'm in a spot where I won't have the cash to buy silver for the next couple months. This is all the expendable money I got. So far all I have is one silver maple so i'm just getting into this.", 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/', '11ezj36', [['u/Southern_Addition442', 64, '2023-03-01 10:55', 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/jagv5nj/', 'If you struggle making the decision, then convert a smaller fraction of your bitcoin to silver. Maybe convert 20% or $1000 worth into silver. See how you like it, then if you feel better about it you can convert more later 😉', '11ezj36'], ['u/DudeNamedCollin', 36, '2023-03-01 12:15', 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/jah0z55/', 'I’m going to be honest with you. I did this a long time ago, like as soon as I saw Apmex allowed it, I got Bitpay and bought a bunch of hand-poured Scottsdale bars and the stackers. I thought it was incredible they allowed the transaction.\n\nBut I regretted it. I watched BTC go ballistic for YEARS, and I watched my silver sit stagnant. Hindsight, I have no idea why I did it. I just don’t trust BTC at all and have been stacking silver for about a decade. Whatever you decide, just remember you may have to watch Bitcoin go to the moon and back, but at least you have something with intrinsic value if they ever attack our electric grid.', '11ezj36'], ['u/raidsunken', 35, '2023-03-01 13:31', 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/jah7ncx/', 'This is the best advice here. I was going to say 50% but 20% to start is probably a good way to dollar cost average in.', '11ezj36'], ['u/Amins66', 10, '2023-03-01 15:11', 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/jahj6xd/', 'Horrible advice.\n\nThe point is to stay out of debt, especially at 24% on a CC.', '11ezj36'], ['u/shabbadoo99', 17, '2023-03-01 16:39', 'https://www.reddit.com/r/Wallstreetsilver/comments/11ezj36/should_i_sell_all_my_bitcoin_for_silver/jahvs3s/', "Agreed. Cost average. BTC goes up -- '' well at least I didn't convert all of it, and now I can acquire more oz of silver.\n\nBTC goes down -- ''well at least I converted some of it into silver,....maybe I will convert more/maybe I will wait and see if BTC jumps back up''", '11ezj36']]], ['u/One-Band-745', 'Legal problems ordering domestically', 11, '2023-03-01 12:52', 'https://www.reddit.com/r/DMT/comments/11f1tay/legal_problems_ordering_domestically/', "I lost my local bark supplier, and now I'm considering buying it online.\n\nI hate the idea of giving my address.\n\nHere in Canada bark is in a grey area, some people had trouble importing from abroad, but I couldn't find anything about problems ordering domestically. Have you?\n\nIs there any risk of buying it domestically that I'm unaware of? I'm planning to buy between 500g and 1kg, use BTC and NOT use my real name (just in case of my vendor gets busted). Any other tip?", 'https://www.reddit.com/r/DMT/comments/11f1tay/legal_problems_ordering_domestically/', '11f1tay', [['u/McMaster-Bate', 11, '2023-03-01 13:12', 'https://www.reddit.com/r/DMT/comments/11f1tay/legal_problems_ordering_domestically/jah5uqt/', "Using a fake name is a good way to make mailmen suspicious. It's a grey area in America too, but I don't worry about it.", '11f1tay'], ['u/StiffLittleFever', 13, '2023-03-01 13:38', 'https://www.reddit.com/r/DMT/comments/11f1tay/legal_problems_ordering_domestically/jah8etr/', "go take a walk downtown where you live and ask yourself if they have bigger problems to deal with than someone ordering plant material used to dye fabrics \ncome on \nyou're the only one living in this 007 movie of yours", '11f1tay']]], ['u/escodelrio', 'Lawyer for "Blockchain Association" Whines on Twitter About Bitcoiners Not Defending Alts From The Mean Old SEC - Gets Roasted With Logic and Facts - Twitter Thread Worth Reading', 187, '2023-03-01 14:36', 'https://www.reddit.com/r/Bitcoin/comments/11f3yr4/lawyer_for_blockchain_association_whines_on/', 'Here is the tweet that kickstarted the discussion: [https://twitter.com/jchervinsky/status/1630314678168563713](https://twitter.com/jchervinsky/status/1630314678168563713)\n\n&#x200B;\n\nhttps://preview.redd.it/p1qdd8vjq4la1.png?width=738&format=png&auto=webp&v=enabled&s=6dcdeb59caa1f42d880f7b626e3ad37495adb222\n\nSome really good replies to this and I recommend looking over the replies, but here is one that stands out:\n\n[John W. Ratcliff](https://twitter.com/jratcliff/status/1630357705410969603):\n\n>I think you are missing what is really happening here. The cypherpunks who designed bitcoin did so realizing that it would always be attacked. \n> \n>Enormous engineering effort has gone into making the bitcoin network resilient to attack. We encourage people to run their own nodes. This, by itself, prevented the corporate attack of big blockers. We make sure that nodes can still run over TOR. We have the ability to download the blockchain from satellites. \n> \n>We fight hard to keep the blocksize down so that we can maintain decentralization and keep bandwidth requirements low. \n> \n>Our reaction is more akin to the squirrel who saved up his nuts for winter shaking his head at those who never bothered to prepare. \n> \n>Bitcoiners always expect attacks and always prepare for them. \n> \n>Meanwhile, most of these alt-coins do not have a cypherpunk ethos. They are highly centralized. They hard-fork on a constant basis. Nodes run on AWS and blockchains are so large no one fully validates them. They have centralized authority figures, foundations, corporations, and even marketing departments. \n> \n>We spent a decade telling people they needed to think defensively and they all laughed at us, confident in their technical superiority. \n> \n>This moment is a giant "I told you so". If the SEC declares bitcoin a security or the US government declares it illegal, bitcoiners won\'t care. \n> \n>We will treat that as just another attack to overcome. Maybe we all just move to El Salvador. \n> \n>Or we build a mesh network to route traffic.', 'https://www.reddit.com/r/Bitcoin/comments/11f3yr4/lawyer_for_blockchain_association_whines_on/', '11f3yr4', [['u/llewsor', 27, '2023-03-01 15:50', 'https://www.reddit.com/r/Bitcoin/comments/11f3yr4/lawyer_for_blockchain_association_whines_on/jahohop/', 'shitcoiners are always “we’re in this together” when government takes action against crypto. but when the government looks the other way crypto like ripple attack bitcoin and beg the government to take action against bitcoin energy fud and other bullshit. \n\n2023 hopefully will be the great flushing the toxic toilet of shitcoins.', '11f3yr4'], ['u/AloneDay8829', 34, '2023-03-01 16:44', 'https://www.reddit.com/r/Bitcoin/comments/11f3yr4/lawyer_for_blockchain_association_whines_on/jahwius/', 'People who try to lump Bitcoin and cRyPtO together are either ignorant or doing so because their job depends on it ✅', '11f3yr4'], ['u/KAX1107', 102, '2023-03-01 17:12', 'https://www.reddit.com/r/Bitcoin/comments/11f3yr4/lawyer_for_blockchain_association_whines_on/jai0xqc/', '"Governments are good at cutting off the heads of centrally controlled networks. Pure P2P networks can hold their own" - Satoshi (2008)\n\n[How about, cypherpunks write code in such a way that it is obviously not a security and there is no one to go after? But of course, there are no cypherpunks in the shitcoin industry](https://twitter.com/bamskki/status/1630249340001460224)\n\nThis guy Jake works for a shitcoin VC firm. Premine, ICO, VC shitcoins are silicon valley start ups hiding behind bitcoin to escape from silicon valley regulations through intellectually dishonest marketing and information and regulatory arbitrage. They\'re a direct attack on the very founding principles of Bitcoin.\n\nThe stuff that\'s happening with all these coins in cahoots with crypto exchanges today couldn\'t be more antithetical to bitcoin. There\'s [nothing innovative](https://np.reddit.com/r/CryptoCurrency/comments/10ru70g/comment/j6xx8rr/) about them. It\'s the same shenanigans that was happening in bucket shops in the early 20th century which led to the Martin Act of 1921 banning bucket shops and eventually The Securities Act of 1933.\n\nWhat would you do in a financial market where there are no rules and unethical, dishonest behavior has gone from non existent to being the norm today? Who doesn\'t want to print money for themselves without disclosures and [market it to the public as whatever they want](https://twitter.com/coryklippsten/status/1595564120782172160)?\n\nYou can have whatever opinion you want about securities law but regardless of whether or not you think securities law is effective or useful in the corrupt legacy system, asking whether or not securities law should apply to "crypto" is not the right question. The right question is whether "crypto" even belongs in the same class as bitcoin and the answer is absolutely not, they couldn\'t be any further from bitcoin.\n\nSecurities law exists for a very simple reason, asymmetry of information. It applies for ANY investment where there is a group of insiders and outsiders. Every premine, ICO coin has a group of insiders who privately premined and sold tokens, marketed it without disclosures, hold licenses and trademarks, create roadmaps and do hard forks every six months. You\'re literally waiting on these companies to unlock your tokens. They have complete control over the "project". It doesn\'t matter if you\'re using a scroll, SQL or a blockchain for bookkeeping. If google or amazon issued shares on a blockchain, it wouldn\'t make them decentralized.\n\nYes, some bitcoiners will go as far to say that the government shouldn\'t regulate google or amazon stocks. But that\'s not going to stop the government from doing so because they can. Bitcoin was built expecting to be attacked. It was built for adversarial environment. People got too comfortable creating centralized hypeware that cannot survive an adversarial regulatory environment.\n\nSatoshi showed you how to do it. No company, foun...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Herbert Lash and Joice Alves\nNEW YORK/LONDON (Reuters) - The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation.\nThe yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 as the market perceives the Fed will raise rates further to curb rising consumer prices.\n"This move higher that you\'re seeing in U.S. rates is not happening in isolation," said Alvise Marino, macro trading strategist at Credit Suisse in New York.\n"Similar developments are happening in the rest of the world, in particular in Europe, mostly notably, where the inflation data keeps on surprising relatively strong," he said.\nAtlanta Fed President Raphael Bostic said on Thursday that the U.S. central bank was ready to keep lifting rates higher if inflation doesn\'t slow and was still mulling how recent, stronger-than-anticipated inflation data might shape Fed policy.\nThe impact of higher rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases, Bostic said.\n"There\'s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto.\nFutures edged higher, with the market pricing a peak rate climbing to 5.493% in the fed funds by September, before easing a bit later in the session to 5.447%.\nThe number of Americans filing new claims for unemployment fell again last week, pointing to a still strong jobs market. Another Labor Department report showed labor costs grew much faster than previously estimated in the fourth quarter.\nGraphic: US jobs https://www.reuters.com/graphics/GLOBAL-MARKETS/THEMES/znpnbxnkepl/US_jobs.jpg\nThe euro slid on data that showed inflation in the euro zone was not as high as investors had feared but remains elevated. Inflation eased to 8.5% from 8.6% in January on lower energy prices.\nThe dollar index, a basket of major trading currencies, rose 0.623%, while the euro fell 0.71% to $1.0589.\nThe market\'s reaction to the euro zone data was muted at first following the euro\'s 0.9% rise against the dollar on Wednesday, its biggest daily gain in a month, after data showed prices in Germany rose more than hoped last month.\nInvestors now see the ECB\'s 2.5% deposit rate rising by a combined 100 basis points in March and May, then to around 4.1% at the turn of the year. Markets have priced in an extra 50 basis points of hikes in just the past month.\nPolicymakers were split in February on the type of signal they should send about the ECB\'s next rate move, accounts of the central bank\'s meeting on Feb. 2 showed on Thursday.\nSterling was held back by remarks from Bank of England Governor Andrew Bailey, who said "nothing is decided" on future rate increases, which led traders to trim bets on higher rates. Sterling traded at $1.194, down 0.76% on the day.\nThe Japanese yen weakened 0.44%, while the Australian and New Zealand dollars moved lower after strong gains on Wednesday driven by Chinese manufacturing data.\nThe offshore Chinese yuan rose 0.70% to $6.9265 per dollar.\nInvestors are looking ahead to China\'s National People\'s Congress meeting, which begins on Sunday, for guidance on policy support for the post-COVID recovery.\nBitcoin fell 0.81% to $23,442.00 after shares of Silvergate Capital Corp fell more than half when the crypto-focused bank delayed its annual report and said it had sold additional debt securities.\nCurrency bid prices at 3:24 p.m. (2024 GMT)\nDescription RIC Last U.S. Pct Change YTD Pct High Bid Low Bid\nClos Change\ne\nPrev\nious\nSes\nsion\nDollar index 104.9700 104. +0.58% 1.430% +105.1800 +104.3300\n3800\nEuro/Dollar $1.0597 $1.0 -0.68% -1.10% +$1.0672 +$1.0577\n670\nDollar/Yen 136.7450 136. +0.38% +4.29% +137.0900 +136.0300\n2200\nEuro/Yen 144.90 145. -0.27% +3.28% +145.5600 +144.7800\n29\nDollar/Swiss 0.9415 0.93 +0.21% +1.84% +0.9439 +0.9395\n98\nSterling/Dollar $1.1945 $1.2 -0.67% -1.23% +$1.2035 +$1.1924\n025\nDollar/Canadian 1.3599 1.35 +0.05% +0.37% +1.3641 +1.3586\n92\nAussie/Dollar $0.6731 $0.6 -0.41% -1.25% +$0.6766 +$0.6707\n759\nEuro/Swiss 0.9978 1.00 -0.44% +0.84% +1.0041 +0.9975\n22\nEuro/Sterling 0.8871 0.88 +0.08% +0.31% +0.8891 +0.8857\n64\nNZ $0.6220 $0.6 -0.57% -2.02% +$0.6257 +$0.6199\nDollar/Dollar 257\nDollar/Norway 10.4400 10.4 +0.32% +6.39% +10.4930 +10.3900\n080\nEuro/Norway 11.0618 11.0 +0.01% +5.41% +11.1216 +11.0599\n610\nDollar/Sweden 10.5083 10.4 +0.13% +0.97% +10.5345 +10.4310\n300\nEuro/Sweden 11.1365 11.1 +0.13% -0.12% +11.1641 +11.1257\n224\n(Reporting by Herbert Lash, Reporting by Joice Alves in London, additional reporting by Tom Westbrook in Singapore; editing by Emelia Sithole-Matarise and Nick Zieminski)', 'By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) - The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation. The yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 as the market perceives the Fed will raise rates further to curb rising consumer prices. "This move higher that you\'re seeing in U.S. rates is not happening in isolation," said Alvise Marino, macro trading strategist at Credit Suisse in New York. "Similar developments are happening in the rest of the world, in particular in Europe, mostly notably, where the inflation data keeps on surprising relatively strong," he said. Atlanta Fed President Raphael Bostic said on Thursday that the U.S. central bank was ready to keep lifting rates higher if inflation doesn\'t slow and was still mulling how recent, stronger-than-anticipated inflation data might shape Fed policy. The impact of higher rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases, Bostic said. "There\'s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. Futures edged higher, with the market pricing a peak rate climbing to 5.493% in the fed funds by September, before easing a bit later in the session to 5.447%. The number of Americans filing new claims for unemployment fell again last week, pointing to a still strong jobs market. Another Labor Department report showed labor costs grew much faster than previously estimated in the fourth quarter. Graphic: US jobs https://www.reuters.com/graphics/GLOBAL-MARKETS/THEMES/znpnbxnkepl/US_jobs.jpg The euro slid on data that showed inflation in the euro zone was not as high as investors had feared but remains elevated. Inflation eased to 8.5% from 8.6% in January on lower energy prices. The dollar index, a basket of major trading currencies, rose 0.623%, while the euro fell 0.71% to $1.0589. The market\'s reaction to the euro zone data was muted at first following the euro\'s 0.9% rise against the dollar on Wednesday, its biggest daily gain in a month, after data showed prices in Germany rose more than hoped last month. Story continues Investors now see the ECB\'s 2.5% deposit rate rising by a combined 100 basis points in March and May, then to around 4.1% at the turn of the year. Markets have priced in an extra 50 basis points of hikes in just the past month. Policymakers were split in February on the type of signal they should send about the ECB\'s next rate move, accounts of the central bank\'s meeting on Feb. 2 showed on Thursday. Sterling was held back by remarks from Bank of England Governor Andrew Bailey, who said "nothing is decided" on future rate increases, which led traders to trim bets on higher rates. Sterling traded at $1.194, down 0.76% on the day. The Japanese yen weakened 0.44%, while the Australian and New Zealand dollars moved lower after strong gains on Wednesday driven by Chinese manufacturing data. The offshore Chinese yuan rose 0.70% to $6.9265 per dollar. Investors are looking ahead to China\'s National People\'s Congress meeting, which begins on Sunday, for guidance on policy support for the post-COVID recovery. Bitcoin fell 0.81% to $23,442.00 after shares of Silvergate Capital Corp fell more than half when the crypto-focused bank delayed its annual report and said it had sold additional debt securities. Currency bid prices at 3:24 p.m. (2024 GMT) Description RIC Last U.S. Pct Change YTD Pct High Bid Low Bid Clos Change e Prev ious Ses sion Dollar index 104.9700 104. +0.58% 1.430% +105.1800 +104.3300 3800 Euro/Dollar $1.0597 $1.0 -0.68% -1.10% +$1.0672 +$1.0577 670 Dollar/Yen 136.7450 136. +0.38% +4.29% +137.0900 +136.0300 2200 Euro/Yen 144.90 145. -0.27% +3.28% +145.5600 +144.7800 29 Dollar/Swiss 0.9415 0.93 +0.21% +1.84% +0.9439 +0.9395 98 Sterling/Dollar $1.1945 $1.2 -0.67% -1.23% +$1.2035 +$1.1924 025 Dollar/Canadian 1.3599 1.35 +0.05% +0.37% +1.3641 +1.3586 92 Aussie/Dollar $0.6731 $0.6 -0.41% -1.25% +$0.6766 +$0.6707 759 Euro/Swiss 0.9978 1.00 -0.44% +0.84% +1.0041 +0.9975 22 Euro/Sterling 0.8871 0.88 +0.08% +0.31% +0.8891 +0.8857 64 NZ $0.6220 $0.6 -0.57% -2.02% +$0.6257 +$0.6199 Dollar/Dollar 257 Dollar/Norway 10.4400 10.4 +0.32% +6.39% +10.4930 +10.3900 080 Euro/Norway 11.0618 11.0 +0.01% +5.41% +11.1216 +11.0599 610 Dollar/Sweden 10.5083 10.4 +0.13% +0.97% +10.5345 +10.4310 300 Euro/Sweden 11.1365 11.1 +0.13% -0.12% +11.1641 +11.1257 224 (Reporting by Herbert Lash, Reporting by Joice Alves in London, additional reporting by Tom Westbrook in Singapore; editing by Emelia Sithole-Matarise and Nick Zieminski) View comments', 'Join the most important conversation in crypto and web3! Secure your seat today Bitcoin edged toward $24,000 early Wednesday, dropped but then rebounded to hold strong above $23,600. The largest cryptocurrency by market capitalization was trading at press time at about $23,663, up 2.3% over the past 24 hours. Bitcoin ( BTC )\x92s failure to regain the $25,000 threshold it surpassed in mid-February and recent consolidation \x93could be a sign of weakness, at least in the short term,\x94 Craig Erlam, senior market analyst at foreign exchange market maker Oanda, wrote in a Wednesday note. Ether ( ETH ), the second-largest cryptocurrency, recently jumped by more than 4% to recently trade around $1,665. The CoinDesk Market Index that measures crypto market performance was up around 2.9% for the day. Decentralized finance (DeFi) lending and borrowing platform Maker\x92s native MKR token saw a nearly 19% surge over the past 24 hours. Data from Coinglass showed that traders who bet on price shifts liquidated more than $444,000 of MKR short positions in the past 24 hours. That was more than 16 times the $27,000 of MKR long positions that investors liquidated over the same period. These types of short squeezes have historically tended to accelerate price jumps. In a tweet last week, blockchain analytics firm Santiment noted the largest whale moves involving MKR in three months with more than 24,000 of the tokens worth around $17.4 million at the time \x93moved to a whale address\x94 and a subsequent identically sized move. Santiment viewed the moves as bullish. \x93On downswings, massive moves like this are often correlated with turnarounds," Santiment wrote. Meanwhile, traditional markets were mixed on Wednesday as the S&P 500 and the tech-heavy Nasdaq Composite slid 0.4% and 0.6%, respectively. The Dow Jones Industrial Average (DJIA) was up 0.02%. In the aftermath of several disappointing indicators suggesting that inflation remains problematic, investors increasingly expect the U.S. Federal Reserve to continue raising interest rates in upcoming months, although a fourth consecutive monthly contraction in the Institute of Supply Management (ISM) Manufacturing PMI data offered some evidence of an economic slowdown. Story continues Macroeconomic concerns pushed the 10-year Treasury yield to over 4% Wednesday \x96 the first time since November . \x93We want prices to rise at a much slower rate than they are now, so disinflation will need to occur for that to happen,\x94 Steve Sosnick, chief strategist at brokerage firm Interactive Brokers, wrote in a Wednesday note, referencing Fed Chair Jerome Powell\'s repeated use the term of \x93disinflation\x94 in February. \x93We should all welcome the time when disinflation becomes a lasting feature of our economy,\x94 Sosnick continued. \x93But for now, the disinflation that we might have seen late last year appears to have been transitory.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin edged toward $24,000 early Wednesday, dropped but then rebounded to hold strong above $23,600.\nThe largest cryptocurrency by market capitalization was trading at press time at about $23,663, up 2.3% over the past 24 hours.\nBitcoin (BTC)’s failure to regain the $25,000 threshold it surpassed in mid-February and recent consolidation “could be a sign of weakness, at least in the short term,” Craig Erlam, senior market analyst at foreign exchange market maker Oanda, wrote in a Wednesday note.\nEther (ETH), the second-largest cryptocurrency, recently jumped by more than 4% to recently trade around $1,665. TheCoinDesk Market Indexthat measures crypto market performance was up around 2.9% for the day.\nDecentralized finance (DeFi) lending and borrowing platform Maker’s nativeMKRtoken saw a nearly 19% surge over the past 24 hours. Data fromCoinglassshowed that traders who bet on price shifts liquidated more than $444,000 of MKR short positions in the past 24 hours. That was more than 16 times the $27,000 of MKR long positions that investors liquidated over the same period. These types of short squeezes have historically tended to accelerate price jumps.\nIn atweetlast week, blockchain analytics firm Santiment noted the largest whale moves involving MKR in three months with more than 24,000 of the tokens worth around $17.4 million at the time “moved to a whale address” and a subsequent identically sized move. Santiment viewed the moves as bullish.\n“On downswings, massive moves like this are often correlated with turnarounds," Santiment wrote.\nMeanwhile, traditional markets were mixed on Wednesday as the S&P 500 and the tech-heavy Nasdaq Composite slid 0.4% and 0.6%, respectively. The Dow Jones Industrial Average (DJIA) was up 0.02%.\nIn the aftermath of several disappointing indicators suggesting that inflation remains problematic, investors increasingly expect the U.S. Federal Reserve to continue raising interest rates in upcoming months, although a fourth consecutive monthly contraction in the Institute of Supply Management (ISM)Manufacturing PMI dataoffered some evidence of an economic slowdown.\nMacroeconomic concerns pushed the 10-year Treasury yield to over 4% Wednesday –the first time since November.\n“We want prices to rise at a much slower rate than they are now, so disinflation will need to occur for that to happen,” Steve Sosnick, chief strategist at brokerage firm Interactive Brokers, wrote in a Wednesday note, referencing Fed Chair Jerome Powell\'srepeated use the term of “disinflation”in February.\n“We should all welcome the time when disinflation becomes a lasting feature of our economy,” Sosnick continued. “But for now, the disinflation that we might have seen late last year appears to have been transitory.”', 'Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin edged toward $24,000 early Wednesday, dropped but then rebounded to hold strong above $23,600.\nThe largest cryptocurrency by market capitalization was trading at press time at about $23,663, up 2.3% over the past 24 hours.\nBitcoin (BTC)’s failure to regain the $25,000 threshold it surpassed in mid-February and recent consolidation “could be a sign of weakness, at least in the short term,” Craig Erlam, senior market analyst at foreign exchange market maker Oanda, wrote in a Wednesday note.\nEther (ETH), the second-largest cryptocurrency, recently jumped by more than 4% to recently trade around $1,665. TheCoinDesk Market Indexthat measures crypto market performance was up around 2.9% for the day.\nDecentralized finance (DeFi) lending and borrowing platform Maker’s nativeMKRtoken saw a nearly 19% surge over the past 24 hours. Data fromCoinglassshowed that traders who bet on price shifts liquidated more than $444,000 of MKR short positions in the past 24 hours. That was more than 16 times the $27,000 of MKR long positions that investors liquidated over the same period. These types of short squeezes have historically tended to accelerate price jumps.\nIn atweetlast week, blockchain analytics firm Santiment noted the largest whale moves involving MKR in three months with more than 24,000 of the tokens worth around $17.4 million at the time “moved to a whale address” and a subsequent identically sized move. Santiment viewed the moves as bullish.\n“On downswings, massive moves like this are often correlated with turnarounds," Santiment wrote.\nMeanwhile, traditional markets were mixed on Wednesday as the S&P 500 and the tech-heavy Nasdaq Composite slid 0.4% and 0.6%, respectively. The Dow Jones Industrial Average (DJIA) was up 0.02%.\nIn the aftermath of several disappointing indicators suggesting that inflation remains problematic, investors increasingly expect the U.S. Federal Reserve to continue raising interest rates in upcoming months, although a fourth consecutive monthly contraction in the Institute of Supply Management (ISM)Manufacturing PMI dataoffered some evidence of an economic slowdown.\nMacroeconomic concerns pushed the 10-year Treasury yield to over 4% Wednesday –the first time since November.\n“We want prices to rise at a much slower rate than they are now, so disinflation will need to occur for that to happen,” Steve Sosnick, chief strategist at brokerage firm Interactive Brokers, wrote in a Wednesday note, referencing Fed Chair Jerome Powell\'srepeated use the term of “disinflation”in February.\n“We should all welcome the time when disinflation becomes a lasting feature of our economy,” Sosnick continued. “But for now, the disinflation that we might have seen late last year appears to have been transitory.”', 'By Lawrence Delevingne and Marc Jones (Reuters) -Wall Street stocks reversed losses to end higher on Thursday, and U.S. government bond yields tempered gains, as investors digested strong economic data and signals of a measured interest rate approach from the Federal Reserve. U.S. jobless claims numbers fell, while Atlanta Fed President Raphael Bostic said that he favored "slow and steady" quarter-point U.S. rate increases to limit risk to the economy. That helped Wall Street stocks rebound from an initial decline. The Dow Jones Industrial Average rose around 1%, boosted by Salesforce Inc, whose shares jumped about 11.5% after the cloud-based software provider gave an upbeat full-year profit forecast and doubled its share repurchase program. The S&P 500 and Nasdaq Composite both gained around 0.75%, even as Tesla Inc fell nearly 6% after the company did not unveil a much-awaited small, affordable electric vehicle. After initially sagging, European shares rose 0.5, even as euro zone inflation numbers justified what is widely expected to be another 50 basis-point hike in the European Central Bank\'s already decade-high rates this month. Consumer price inflation in the 20 countries sharing the euro currency barely eased to 8.5% in February from 8.6% in January on lower energy prices, above the 8.2% economists polled by Reuters had expected. MSCI\'s broadest index of world shares gained 0.37%. Stock and bond markets in recent weeks have been driven by different factors, said Kevin Gardiner, global investment strategist at Rothschild & Co. The chief concern in stocks is the expectation of pressured corporate profits, while bonds are sensitive to inflation and rate expectations. "The economic impact of tightening remains a puzzle. Profitability might not be that fragile, at least, not yet," he said. Overnight, both benchmark government bonds and shares had taken a blow, as inflation indicators from Germany and the United States reinforced expectations interest rates would go higher and stay there for longer. Germany\'s 2-year government bond yield rose to its highest since October 2008. In the United States, manufacturing activity contracted for a fourth straight month in February, but a gauge of prices for raw materials increased last month, stoking concerns that inflation would remain stubborn. "Economic data has surprised to the upside," said Steven Oh, global head of credit and fixed income at PineBridge Investments. Any unexpected result in the data would drive policymakers to be more aggressive, and that has reset market expectations, he said. Story continues PRESSURE POINTS U.S. government bond yields marched higher. Benchmark 10-year Treasury yields were near a four-month high at 4.066%, while two-year yields also advanced to 4.889%, around a fresh 16-year high. Fed funds futures tied to the Fed\'s policy rate see about an even chance that the rate will range from 5.5%-5.75% by September, from the current range of 4.5%-4.75%. "We expect interest rates to stay higher for longer, and we expect stock market volatility ahead," strategists at the Wells Fargo Investment Institute wrote on Thursday, adding that stronger-than-expected economic data this winter pushed their recession outlook into the second half of 2023. DOLLAR REBOUND CONTINUES In currency markets, the U.S. dollar index, measuring its value against a basket of major peers, gained nearly 0.5% to $104.968. The index is now up about 1.4% for the year, but still down from a September high around $114. The euro lost 0.65% and the pound dropped 0.67%, with hotter-than-expected inflation numbers adding pressure on the ECB to raise rates. In the crypto world, shares of Silvergate Capital plunged 57% after the cryptocurrency-focused bank said it was delaying its annual report and evaluating its ability to operate as a going concern. Bitcoin was last down about 0.5% at $23,461. Oil prices ticked up, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes. U.S. crude rose 0.32% to $77.94 per barrel and Brent was at $84.50, up 0.23% on the day. Spot gold was slightly lower at $1,836 per ounce. [GOL/] (Reporting by Lawrence Delevingne in Boston and Nell Mackenzie and Marc Jones in LondonEditing by Richard Chang and Matthew Lewis) View comments', 'By Lawrence Delevingne and Marc Jones (Reuters) -Wall Street stocks reversed losses to end higher on Thursday, and U.S. government bond yields tempered gains, as investors digested strong economic data and signals of a measured interest rate approach from the Federal Reserve. U.S. jobless claims numbers fell, while Atlanta Fed President Raphael Bostic said that he favored "slow and steady" quarter-point U.S. rate increases to limit risk to the economy. That helped Wall Street stocks rebound from an initial decline. The Dow Jones Industrial Average rose around 1%, boosted by Salesforce Inc, whose shares jumped about 11.5% after the cloud-based software provider gave an upbeat full-year profit forecast and doubled its share repurchase program. The S&P 500 and Nasdaq Composite both gained around 0.75%, even as Tesla Inc fell nearly 6% after the company did not unveil a much-awaited small, affordable electric vehicle. After initially sagging, European shares rose 0.5, even as euro zone inflation numbers justified what is widely expected to be another 50 basis-point hike in the European Central Bank\'s already decade-high rates this month. Consumer price inflation in the 20 countries sharing the euro currency barely eased to 8.5% in February from 8.6% in January on lower energy prices, above the 8.2% economists polled by Reuters had expected. MSCI\'s broadest index of world shares gained 0.37%. Stock and bond markets in recent weeks have been driven by different factors, said Kevin Gardiner, global investment strategist at Rothschild & Co. The chief concern in stocks is the expectation of pressured corporate profits, while bonds are sensitive to inflation and rate expectations. "The economic impact of tightening remains a puzzle. Profitability might not be that fragile, at least, not yet," he said. Overnight, both benchmark government bonds and shares had taken a blow, as inflation indicators from Germany and the United States reinforced expectations interest rates would go higher and stay there for longer. Germany\'s 2-year government bond yield rose to its highest since October 2008. In the United States, manufacturing activity contracted for a fourth straight month in February, but a gauge of prices for raw materials increased last month, stoking concerns that inflation would remain stubborn. "Economic data has surprised to the upside," said Steven Oh, global head of credit and fixed income at PineBridge Investments. Any unexpected result in the data would drive policymakers to be more aggressive, and that has reset market expectations, he said. Story continues PRESSURE POINTS U.S. government bond yields marched higher. Benchmark 10-year Treasury yields were near a four-month high at 4.066%, while two-year yields also advanced to 4.889%, around a fresh 16-year high. Fed funds futures tied to the Fed\'s policy rate see about an even chance that the rate will range from 5.5%-5.75% by September, from the current range of 4.5%-4.75%. "We expect interest rates to stay higher for longer, and we expect stock market volatility ahead," strategists at the Wells Fargo Investment Institute wrote on Thursday, adding that stronger-than-expected economic data this winter pushed their recession outlook into the second half of 2023. DOLLAR REBOUND CONTINUES In currency markets, the U.S. dollar index, measuring its value against a basket of major peers, gained nearly 0.5% to $104.968. The index is now up about 1.4% for the year, but still down from a September high around $114. The euro lost 0.65% and the pound dropped 0.67%, with hotter-than-expected inflation numbers adding pressure on the ECB to raise rates. In the crypto world, shares of Silvergate Capital plunged 57% after the cryptocurrency-focused bank said it was delaying its annual report and evaluating its ability to operate as a going concern. Bitcoin was last down about 0.5% at $23,461. Oil prices ticked up, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes. U.S. crude rose 0.32% to $77.94 per barrel and Brent was at $84.50, up 0.23% on the day. Spot gold was slightly lower at $1,836 per ounce. [GOL/] (Reporting by Lawrence Delevingne in Boston and Nell Mackenzie and Marc Jones in LondonEditing by Richard Chang and Matthew Lewis) View comments', 'Bitcoin and Ether rose in Thursday morning trading in Asia, along with all top 10 non-stablecoin cryptocurrencies. Polygon led the gains. The rebound came against a backdrop of declines in U.S. equities on Wednesday amid more concerns about inflation readings and how this may influence Federal Reserve interest rate policy. However, strong signs of a resurging China economy is raising the appetite for risk assets. See related article: Bitcoin\x92s price gains this year bring needed relief to cash-strapped crypto mining industry Fast facts Bitcoin rose 2.11% in the past 24 hours to US$23,639 as of 8 a.m. in Hong Kong, according to CoinMarketCap data . The world\x92s largest cryptocurrency by market cap narrowed its decline for the past seven days to 2.25%. Ether gained 3.57% to US$1,663 for a weekly increase of 1.24%. Polygon gained 4.52% to US$1.25. The blockchain platform launched Polygon ID on Wednesday, a product based on the zero-knowledge proofs (ZK) technology, which allows users to issue verifiable credentials without exposing private information. However, the token has some ground to make up as it\x92s still down 10.63% for the seven day period. Litecoin rose 4.21% to trade at US$97.74. Crypto intelligence company IntoTheBlock reported on Tuesday that about 53% of Litecoin holders are sitting on gains, compared with a low of less than 15% in 2022. Litecoin replaced Shiba Inu in the number 10 slot of largest non-stablecoin cryptocurrencies by market cap, and added 2.76% for the week. The total crypto market capitalization rose 1.57% in the past 24 hours to US$1.08 trillion. And the total trading volume over the last 24 hours increased 13.91% to US$48.60 billion. February data on China\x92s manufacturing activity released Wednesday bounced back to the highest in almost 11 years, reflecting the country\x92s abolishment of its zero-Covid policy and offering signs the world\x92s second largest economy could help lift global trade and investment. However, U.S. equities closed generally lower on Tuesday. The Dow Jones Industrial Average was little changed with a dip of 0.02%, the S&P 500 dropped 0.47% and the Nasdaq Composite Index fell 0.66%. The focus in the U.S. remains inflation and Federal Reserve interest rate policy. Reuters reported the discussions among Fed officials is whether a further larger hike in rates is needed or smaller increases and holding rates higher for longer is the more suitable policy to bring inflation down and ensure a soft landing for the economy. Raphael W. Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, on Wednesday said if the Fed eases up on inflation before it is contained, it can flare anew. \x93That happened with disastrous results in the 1970s. After the FOMC loosened policy prematurely, it took about 15 years to bring inflation under control, and then only after the federal funds rate hit 20 percent. We don\x92t want a repeat, so we must defeat inflation now.\x94 The Fed set U.S. interest rates between 4.5% to 4.75% in February, the highest since October 2007. Analysts at the CME Group expect a 70.1% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 29.9% chance for a raise of 50 basis points, an increase from 24.0% as reported on Wednesday. See related article: Creation of U.S. digital dollar would \x91crowd out\x92 crypto: ex-Biden adviser', 'Bitcoin and Ether rose in Thursday morning trading in Asia, along with all top 10 non-stablecoin cryptocurrencies. Polygon led the gains. The rebound came against a backdrop of declines in U.S. equities on Wednesday amid more concerns about inflation readings and how this may influence Federal Reserve interest rate policy. However, strong signs of a resurging China economy is raising the appetite for risk assets.\nSee related article:Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry\n• Bitcoin rose 2.11% in the past 24 hours to US$23,639 as of 8 a.m. in Hong Kong, according toCoinMarketCap data. The world’s largest cryptocurrency by market cap narrowed its decline for the past seven days to 2.25%. Ether gained 3.57% to US$1,663 for a weekly increase of 1.24%.\n• Polygon gained 4.52% to US$1.25. The blockchain platform launchedPolygon IDon Wednesday, a product based on thezero-knowledge proofs(ZK) technology, which allows users to issue verifiable credentials without exposing private information. However, the token has some ground to make up as it’s still down 10.63% for the seven day period.\n• Litecoin rose 4.21% to trade at US$97.74. Crypto intelligence company IntoTheBlockreportedon Tuesday that about 53% of Litecoin holders are sitting on gains, compared with a low of less than 15% in 2022. Litecoin replaced Shiba Inu in the number 10 slot of largest non-stablecoin cryptocurrencies by market cap, and added 2.76% for the week.\n• The total crypto market capitalization rose 1.57% in the past 24 hours to US$1.08 trillion. And the total trading volume over the last 24 hours increased 13.91% to US$48.60 billion.\n• February data onChina’s manufacturingactivity released Wednesday bounced back to the highest in almost 11 years, reflecting the country’s abolishment of its zero-Covid policy and offering signs the world’s second largest economy could help lift global trade and investment.\n• However, U.S. equities closed generally lower on Tuesday. The Dow Jones Industrial Average was little changed with a dip of 0.02%, the S&P 500 dropped 0.47% and the Nasdaq Composite Index fell 0.66%.\n• The focus in the U.S. remains inflation and Federal Reserve interest rate policy.Reutersreported the discussions among Fed officials is whether a further larger hike in rates is needed or smaller increases and holding rates higher for longer is the more suitable policy to bring inflation down and ensure a soft landing for the economy.\n• Raphael W. Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, on Wednesday saidif the Fed eases up on inflation before it is contained, it can flare anew.\n• “That happened with disastrous results in the 1970s. After the FOMC loosened policy prematurely, it took about 15 years to bring inflation under control, and then only after the federal funds rate hit 20 percent. We don’t want a repeat, so we must defeat inflation now.”\n• The Fed set U.S. interest rates between 4.5% to 4.75% in February, the highest since October 2007. Analysts at theCME Groupexpect a 70.1% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 29.9% chance for a raise of 50 basis points, an increase from 24.0% as reported on Wednesday.\nSee related article:Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser', 'Bitcoin and Ether rose in Thursday morning trading in Asia, along with all top 10 non-stablecoin cryptocurrencies. Polygon led the gains. The rebound came against a backdrop of declines in U.S. equities on Wednesday amid more concerns about inflation readings and how this may influence Federal Reserve interest rate policy. However, strong signs of a resurging China economy is raising the appetite for risk assets.\nSee related article:Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry\n• Bitcoin rose 2.11% in the past 24 hours to US$23,639 as of 8 a.m. in Hong Kong, according toCoinMarketCap data. The world’s largest cryptocurrency by market cap narrowed its decline for the past seven days to 2.25%. Ether gained 3.57% to US$1,663 for a weekly increase of 1.24%.\n• Polygon gained 4.52% to US$1.25. The blockchain platform launchedPolygon IDon Wednesday, a product based on thezero-knowledge proofs(ZK) technology, which allows users to issue verifiable credentials without exposing private information. However, the token has some ground to make up as it’s still down 10.63% for the seven day period.\n• Litecoin rose 4.21% to trade at US$97.74. Crypto intelligence company IntoTheBlockreportedon Tuesday that about 53% of Litecoin holders are sitting on gains, compared with a low of less than 15% in 2022. Litecoin replaced Shiba Inu in the number 10 slot of largest non-stablecoin cryptocurrencies by market cap, and added 2.76% for the week.\n• The total crypto market capitalization rose 1.57% in the past 24 hours to US$1.08 trillion. And the total trading volume over the last 24 hours increased 13.91% to US$48.60 billion.\n• February data onChina’s manufacturingactivity released Wednesday bounced back to the highest in almost 11 years, reflecting the country’s abolishment of its zero-Covid policy and offering signs the world’s second largest economy could help lift global trade and investment.\n• However, U.S. equities closed generally lower on Tuesday. The Dow Jones Industrial Average was little changed with a dip of 0.02%, the S&P 500 dropped 0.47% and the Nasdaq Composite Index fell 0.66%.\n• The focus in the U.S. remains inflation and Federal Reserve interest rate policy.Reutersreported the discussions among Fed officials is whether a further larger hike in rates is needed or smaller increases and holding rates higher for longer is the more suitable policy to bring inflation down and ensure a soft landing for the economy.\n• Raphael W. Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, on Wednesday saidif the Fed eases up on inflation before it is contained, it can flare anew.\n• “That happened with disastrous results in the 1970s. After the FOMC loosened policy prematurely, it took about 15 years to bring inflation under control, and then only after the federal funds rate hit 20 percent. We don’t want a repeat, so we must defeat inflation now.”\n• The Fed set U.S. interest rates between 4.5% to 4.75% in February, the highest since October 2007. Analysts at theCME Groupexpect a 70.1% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 29.9% chance for a raise of 50 basis points, an increase from 24.0% as reported on Wednesday.\nSee related article:Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin has been trading in the low $20,000s for weeks. ConsenSys Chief Cryptoeconomist Lex Sokolin doesn\'t see crypto prices shifting much in the near future.\nInsights:Tron founder Justin Sun indicates that Hong Kong\'s developing strategy for digital asset licensing could lead to a change in attitude in mainland China.\nCoinDesk Market Index (CMI)\n1,095\n+13.2▲1.2%\nBitcoin (BTC)\n$23,508\n+228.4▲1.0%\nEthereum (ETH)\n$1,650\n+33.7▲2.1%\nS&P 500\n3,951.39\n−18.8▼0.5%\nGold\n$1,842\n+4.0▲0.2%\nNikkei 225\n27,516.53\n+71.0▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Undramatic Fate\nIs bitcoin fated at least for the near term to the same narrow range it\'s occupied for much of this year, bobbing and weaving in the low $20,000s?\nLex Sokolin, chief cryptoeconomics officer for blockchain software technology firm ConsenSys, thinks so, with stickily high inflation at the root of its entrenchment. The largest cryptocurrency by market capitalization was recently trading at $23,508, up 1% over the past 24 hours. BTC has risen about 40% this year and ether, the second largest crypto in market value, nearly as much, but their momentum has also stalled recently amid jobs and price data that have failed to head in the right direction.\n"I don\'t see any dramatic shift in market regime," Sokolin, who has contributed columns to CoinDesk, wrote in an email. "We still have stubborn inflation and central banks are committed to raising rates until inflation cools further. That means that tech equities and crypto assets will continue trading at suppressed multiples, and the housing market is in danger. Consumers fewer assets for discretionary spending also limits participation in Web3 commerce, which can be looked at as fashion or luxury consumption."\nHe added that "institutions are waiting for further regulatory clarity, and the enforcement actions add to the uncertainty, although he also noted "good news that many of the poorly structured actors of 2022 have been revealed and (that) the market" was "processing the consequences."\nEther was recently changing hands at $1,650, up 2.1% from Tuesday, same time. Sokolin was upbeat about the upcoming Shanghai upgrade\'s longer-range impact. "Withdrawals should significantly derisk staking activity in the Ethereum network," he said. "Short term we may see some investors moving their positions, but longer term I would expect to see a higher portion of ether staked to secure the network."\nOther major cryptos were largely in the green, despite ongoing inflation- and economy-related angst, even as major equity indexes performed sluggishly. TheCoinDesk Market Index, a measure of crypto market performance, was up 1.8% for the day. The CMI gained just 0.8% in February, well off its January levels, according to its latest monthly report, although the Computing and DeFi sectors remained vibrant, gaining 17.5% and 11.1%, respectively. Computing has risen about 80% in 2023.\nIn an interview on CoinDeskTV, CoinDesk Indices Managing Director Jodie Gunzberg said interest in artifiial intelligence (AI) tokens had helped fuel Computingr\'s surge. "I don\'t know that they\'re all AI tokens, but some of them certainly line up with the AI hype, the ChatGPT that\'s been dominating the conversation, we are seeing some pretty spectacular performance in Computing. So we are seeing a lot of those tokens dominate. And while computing doesn\'t make up a large portion of the market, in terms of market cap, there\'s still a ton of opportunity there."\n[{"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+2.7%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+2.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+2.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22121.1%", "DACS Sector": "Currency"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.5%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22120.2%", "DACS Sector": "Smart Contract Platform"}]\nTron Founder Justin Sun Sees Potential in Hong Kong\nThe city of Hong Kong is looking to become a virtual asset hub as soon as this summer.\nJustin Sun, founder of the Tron blockchain and the man who runs the Huobi crypto exchange, is ready for that change. He said in a tweet Monday that Huobi would apply for a virtual asset service provider (VASP) license in Hong Kong under new requirements to operate that go into effect in June. If approved, the exchange would then launch Huobi Hong Kong. "Eventually, since Huobi is one of the leading blockchain exchanges in the region … I definitely [have] confidence Huobi will secure the license," he told CoinDesk TV\'s "First Mover" on Wednesday.\nHuobi, which ranks 15th in overall trading volume according to CoinMarketCap data, is one of the exchanges seeking a license to operate in Hong Kong\'s crypto market. Seychelles-based crypto exchange OKX, which ranks eighth in overall trading volume, has also applied to be licensed in the city. And then there\'s the looming presence of China.\n"Beijing sees Hong Kong as one of the experiment zones for cryptocurrency," Sun said.\nThe Chinese government\'s relationship with crypto has been tumultuous. Two years ago, regulators cracked down on crypto trading and mining.\nSun thinks China is looking at Hong Kong as a kind of experiment, to see if crypto can be regulated on the mainland. If Hong Kong suceeds it could create a change of attitude in Beijing. "So that\'s why they want to see Hong Kong do it first," he said. "And then you see the result. If it has positive feedback, they might change the policy in mainland China as well."\nThe new requirements don\'t necessarily mean crypto will be available to Hong Kong retail traders, but at least for now Hong Kong\'s securities regulator, the Securities and Futures Commission (SFC), has extended a lifeline to crypto companies.\nETHDenver 2023\nWeb3 Toronto Summit\n6:00 p.m. HKT/SGT(10:00 UTC)Eurozone Harmonized Index of Consumer Prices (YoY/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Predictions for March; Justin Sun on Crypto Outlook in Hong Kong\nBitcoin (BTC) was holding firm above $23,000 as crypto traders look ahead to a new month, following minimal gains for the largest cryptocurrency by market capitalization in February. CoinDesk Indices Managing Director Jodie Gunzberg shared her crypto markets analysis. Plus, Tron founder and Huobi global adviser Justin Sun joined "First Mover" to discuss Huobi\'s plans to apply for a crypto exchange license in Hong Kong. And, former SEC Enforcement Branch Chief and Bragança Law attorney Lisa Bragança weighed in on the latest FTX developments.\nAustralia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases:The projects will take part in the country’s central bank digital currency pilot, expected to wrap later this year.\nBinance Can’t Keep Its Story Straight on Misplaced $1.8B USDC:The FUD is coming from inside the building, says David Z. Morris, CoinDesk\'s chief insights columnist.\nEthereum Says ERC-4337 Deployed, Tested, Beginning Era of Smart Accounts:The news of the deployment of ERC-4337 will be shared at an ETHDenver-related event, known as WalletCon.\nPolygon Rolls Out Zero-Knowledge, Privacy-Enhanced Identification Product:Under the design for Polygon ID, a bar owner could theoretically use the credential-verification system to verify a patron is of age, without ever having to look at any identification card.\nCoinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns:The exchange previously said it made the move because BUSD didn’t meet its listing standards, without going into any detail.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin has been trading in the low $20,000s for weeks. ConsenSys Chief Cryptoeconomist Lex Sokolin doesn\'t see crypto prices shifting much in the near future. Insights: Tron founder Justin Sun indicates that Hong Kong\'s developing strategy for digital asset licensing could lead to a change in attitude in mainland China. Prices CoinDesk Market Index (CMI) 1,095 +13.2 ▲ 1.2% Bitcoin (BTC) $23,508 +228.4 ▲ 1.0% Ethereum (ETH) $1,650 +33.7 ▲ 2.1% S&P 500 3,951.39 −18.8 ▼ 0.5% Gold $1,842 +4.0 ▲ 0.2% Nikkei 225 27,516.53 +71.0 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Undramatic Fate Is bitcoin fated at least for the near term to the same narrow range it\'s occupied for much of this year, bobbing and weaving in the low $20,000s? Lex Sokolin, chief cryptoeconomics officer for blockchain software technology firm ConsenSys, thinks so, with stickily high inflation at the root of its entrenchment. The largest cryptocurrency by market capitalization was recently trading at $23,508, up 1% over the past 24 hours. BTC has risen about 40% this year and ether, the second largest crypto in market value, nearly as much, but their momentum has also stalled recently amid jobs and price data that have failed to head in the right direction. "I don\'t see any dramatic shift in market regime," Sokolin, who has contributed columns to CoinDesk, wrote in an email. "We still have stubborn inflation and central banks are committed to raising rates until inflation cools further. That means that tech equities and crypto assets will continue trading at suppressed multiples, and the housing market is in danger. Consumers fewer assets for discretionary spending also limits participation in Web3 commerce, which can be looked at as fashion or luxury consumption." He added that "institutions are waiting for further regulatory clarity, and the enforcement actions add to the uncertainty, although he also noted "good news that many of the poorly structured actors of 2022 have been revealed and (that) the market" was "processing the consequences." Story continues Ether was recently changing hands at $1,650, up 2.1% from Tuesday, same time. Sokolin was upbeat about the upcoming Shanghai upgrade\'s longer-range impact. "Withdrawals should significantly derisk staking activity in the Ethereum network," he said. "Short term we may see some investors moving their positions, but longer term I would expect to see a higher portion of ether staked to secure the network." Other major cryptos were largely in the green, despite ongoing inflation- and economy-related angst, even as major equity indexes performed sluggishly. The CoinDesk Market Index , a measure of crypto market performance, was up 1.8% for the day. The CMI gained just 0.8% in February, well off its January levels, according to its latest monthly report, although the Computing and DeFi sectors remained vibrant, gaining 17.5% and 11.1%, respectively. Computing has risen about 80% in 2023. In an interview on CoinDeskTV, CoinDesk Indices Managing Director Jodie Gunzberg said interest in artifiial intelligence (AI) tokens had helped fuel Computingr\'s surge. "I don\'t know that they\'re all AI tokens, but some of them certainly line up with the AI hype, the ChatGPT that\'s been dominating the conversation, we are seeing some pretty spectacular performance in Computing. So we are seeing a lot of those tokens dominate. And while computing doesn\'t make up a large portion of the market, in terms of market cap, there\'s still a ton of opportunity there." Biggest Gainers Asset Ticker Returns DACS Sector Chainlink LINK +2.7% Computing Cosmos ATOM +2.0% Smart Contract Platform Ethereum ETH +2.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Shiba Inu SHIB −1.1% Currency Dogecoin DOGE −0.5% Currency Stellar XLM −0.2% Smart Contract Platform Insights Tron Founder Justin Sun Sees Potential in Hong Kong The city of Hong Kong is looking to become a virtual asset hub as soon as this summer. Justin Sun, founder of the Tron blockchain and the man who runs the Huobi crypto exchange, is ready for that change. He said in a tweet Monday that Huobi wo
**Last 60 Days of Bitcoin's Closing Prices:**
[16625.08, 16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-02
**Financial & Commodity Data:**
- Gold Closing Price: $1833.50
- Crude Oil Closing Price: $78.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,739,967,312
- Hash Rate: 308191421.3000004
- Transaction Count: 330047.0
- Unique Addresses: 726383.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
UltronGlow, a storage protocol that offers inexpensive, user-priced decentralized storage options, has started its beta program, the company said Wednesday.
The protocol aims to offer more economical and secure storage services than cloud-based, centralized storage providers like Google and Apple, according to its press release. It also aims to facilitate and expand participation in decentralized storage protocols by allowing users to purchase, lease and rent services from almost any type of computer.
UltronGlow joins an increasingly crowded field of decentralized storage networks, such as Arweave, Filecoin and BNB Greenfield, that have grown in popularity as traditional cloud services face mounting cyber security threats. The Interplanetary File System (IPFS), powered by the Filecoin blockchain, for example, experienced a 15-fold increase in the data stored on its network last year,according to Messari.
UltronGlow has 2,500 storage nodes, offering roughly 183 petabytes of data storage.
The platform is well positioned to carve out a space for itself in the crowded decentralized storage market due to its storage capacity and accessibility, Jason Anderson, chief technology evangelist at Ada Byron Foundation told CoinDesk exclusively.
“If you look at the decentralized storage market and Filecoin, for example, there's a barrier to becoming a storage provider because you have to be vetted by the filecoin team, have sufficient hardware, etc., to even open the gate,” said Anderson. “The goal is to promote citizen data, where anybody has the ability to rent out [their extra storage] and reap some reward for doing so.”
UltronGlow’s pricing is also more competitive – and flexible – compared to that of more well-known decentralized protocols, Anderson said.
Storage rental prices on UltronGlow are determined by the protocol’s storage owners. Costs usually hover at around 50 cents per terabyte of storage, but users with a high uplink bandwidth, which expedites the rate at which data is transmitted from one place to another, could charge more for their available storage.
The protocol includes a staking-based check on power that aims to keep pricing honest, disincentivize fraud and minimize abuse between storage owners and renters. It works by requiring storage owners to stake a “small amount” of ultron glow (UTG) that will be slashed by the protocol if owners don’t honor their contractual obligations to the renters.
UltronGlow's setup also would discourage bad actors beyond the protocol, such as hackers who might want to steal users’ data, by allowing for data to be spread out among tens of thousands of nodes instead of keeping all the data in one place such as in centralized data storage providers.
Read More:Filecoin, Storj Tokens Outperform Bitcoin Amid Increased Use of Decentralized Storage Protocols...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.\nInsights:On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses.\nCoinDesk Market Index (CMI)\n1,105.17\n−15.7▼1.4%\nBitcoin (BTC)\n$23,441\n−224.1▼0.9%\nEthereum (ETH)\n$1,646\n−19.5▼1.2%\nS&P 500 daily close\n3,981.35\n+30.0▲0.8%\nGold\n$1,845\n+7.2▲0.4%\nTreasury Yield 10 Years\n4.07%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning.\nBitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S.\nBitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646.\nIn the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen themajority of its client base departfor rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce itscrypto-related depositsby $10 billion and is being sued for “substantially facilitating” comingling of funds at FTX.\nAll this is coming after a Jan. 3joint press releasefrom the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations.\nAt the same time, there continues to be optimism coming out of the East.\nIt’s going to be a busy week in China for data releases.\nOn Tuesday, it\'s set to release data on the balance of trade figures for January and February.Analysts are expectinga major jump from $78 billion for the last period to $100 billion.\nYear-over-year export and import data for the period is also expected to improve. Earlier this week,upbeat manufacturing data from Chinapushed bitcoin up by 4%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.6%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nMost Bitcoin Addresses Are Profitable\nBy Glenn Williams Jr.\nA full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode.\nThe “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom.\nReadings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently.\nETHDenver 2023\n8:00 a.m. HKT/SGT(00:00 UTC)Eurozone S&P Global Composite PMI (Feb)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook\nSilvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token.\nBitcoin Miners Are Starting to Emerge From Brutal Crypto Winter:After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.\nCrypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing:The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.\nHost of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank:Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros.\n401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents:This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.\nEthereum Developers Target March 14 Date for Shanghai Upgrade on Goerli Testnet:The event will be the last “Shapella” dress rehearsal for Ethereum’s upcoming hard fork.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.\nInsights:On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses.\nCoinDesk Market Index (CMI)\n1,105.17\n−15.7▼1.4%\nBitcoin (BTC)\n$23,441\n−224.1▼0.9%\nEthereum (ETH)\n$1,646\n−19.5▼1.2%\nS&P 500 daily close\n3,981.35\n+30.0▲0.8%\nGold\n$1,845\n+7.2▲0.4%\nTreasury Yield 10 Years\n4.07%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning.\nBitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S.\nBitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646.\nIn the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen themajority of its client base departfor rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce itscrypto-related depositsby $10 billion and is being sued for “substantially facilitating” comingling of funds at FTX.\nAll this is coming after a Jan. 3joint press releasefrom the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations.\nAt the same time, there continues to be optimism coming out of the East.\nIt’s going to be a busy week in China for data releases.\nOn Tuesday, it\'s set to release data on the balance of trade figures for January and February.Analysts are expectinga major jump from $78 billion for the last period to $100 billion.\nYear-over-year export and import data for the period is also expected to improve. Earlier this week,upbeat manufacturing data from Chinapushed bitcoin up by 4%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.6%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nMost Bitcoin Addresses Are Profitable\nBy Glenn Williams Jr.\nA full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode.\nThe “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom.\nReadings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently.\nETHDenver 2023\n8:00 a.m. HKT/SGT(00:00 UTC)Eurozone S&P Global Composite PMI (Feb)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook\nSilvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token.\nBitcoin Miners Are Starting to Emerge From Brutal Crypto Winter:After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.\nCrypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing:The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.\nHost of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank:Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros.\n401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents:This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.\nEthereum Developers Target March 14 Date for Shanghai Upgrade on Goerli Testnet:The event will be the last “Shapella” dress rehearsal for Ethereum’s upcoming hard fork.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump. Insights: On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses. Prices CoinDesk Market Index (CMI) 1,105.17 −15.7 ▼ 1.4% Bitcoin (BTC) $23,441 −224.1 ▼ 0.9% Ethereum (ETH) $1,646 −19.5 ▼ 1.2% S&P 500 daily close 3,981.35 +30.0 ▲ 0.8% Gold $1,845 +7.2 ▲ 0.4% Treasury Yield 10 Years 4.07% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning. Bitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S. Bitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646. In the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen the majority of its client base depart for rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce its crypto-related deposits by $10 billion and is being sued for “ substantially facilitating ” comingling of funds at FTX. All this is coming after a Jan. 3 joint press release from the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations. At the same time, there continues to be optimism coming out of the East. It’s going to be a busy week in China for data releases. On Tuesday, it\'s set to release data on the balance of trade figures for January and February. Analysts are expecting a major jump from $78 billion for the last period to $100 billion. Story continues Year-over-year export and import data for the period is also expected to improve. Earlier this week, upbeat manufacturing data from China pushed bitcoin up by 4%. Asset Ticker Returns DACS Sector Gala GALA −4.2% Entertainment Chainlink LINK −3.6% Computing Cosmos ATOM −3.3% Smart Contract Platform Insights Most Bitcoin Addresses Are Profitable By Glenn Williams Jr. A full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode. The “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom. Readings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently. (Glassnode) Important events ETHDenver 2023 8:00 a.m. HKT/SGT(00:00 UTC) Eurozone S&P Global Composite PMI (Feb) 2:00 p.m. HKT/SGT(6:00 UTC) United States ISM Services PMI (Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Silvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook Silvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token. Headlines Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter : After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet. Crypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing : The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report. Host of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank : Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros. 401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents : This will be the first index-based digital asset offering available through a 401(k), says ForUsAll. Ethereum Developers Target March 14 Date for Shanghai Upgrade on Goerli Testnet : The event will be the last “Shapella” dress rehearsal for Ethereum’s upcoming hard fork.', 'By Gertrude Chavez-Dreyfuss\nNEW YORK (Reuters) - The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy.\nAnalysts said the market has for the most part priced in the prospect of a higher terminal fed funds rate after the recent run of upbeat U.S. economic data.\nThe yen, which is sensitive to U.S.-Japan long-term rate differentials, looked set to halt its six-week losing streak against the dollar, as it gained strength with 10-year U.S. yields retreating from a nearly four-month high close to 4.1%.\nCryptocurrencies, on the other hand, took a beating as the crisis surrounding Silvergate Bank worsened, with industry heavyweights such as Coinbase Global and Galaxy Digital dropping the lender as their banking partner.\nThe dollar index, which measures the greenback\'s value against six major currencies, fell 0.3% to 104.60, from as high as 105.36 at the start of the week, its strongest level since Jan. 6. So far this week, the index has slid 0.5%, on pace for its biggest percentage fall since the week of Jan. 15.\nThe greenback briefly pared losses after data showed the U.S. services sector grew at a steady pace in February, with new orders and employment rising to more than one-year highs. The Institute for Supply Management\'s (ISM) non-manufacturing index dipped to 55.1 from 55.2 in January.\n"The dollar has essentially enjoyed four full weeks of gains that completely erased the losses in January," said Juan Perez, director of trading at Monex USA in Washington.\n"As markets look to end a tough Q1, there is optimism growing as the focus shifts from the pains associated with inflationary pressures and to the potential for a prosperous second half of the year despite central bank tightening via interest rates."\nAnalysts polled by Reuters said recent dollar strength was likely to be temporary, and the currency will weaken over the course of the year as the global economy improves and on expectations the Fed will stop hiking interest rates well ahead of the European Central Bank.\nHowever, the dollar seems unlikely to reverse its latest uptrend, said Karl Schamotta, chief market strategist at Corpay in Toronto.\n"Next week\'s job opening and non-farm payrolls reports could generate a lift in yields and the dollar. Traders are likely to move cautiously, particularly in currencies exposed to more dovish local central bank messaging - namely the Aussie, Canadian dollar, and yen."\nThe Bank of Japan (BOJ), meanwhile, is expected to start dismantling extraordinary stimulus measures after Governor Haruhiko Kuroda retires next month.\nTokyo inflation data for February exceeded the BOJ\'s target for a ninth month, but the core measure did decelerate from a 42-year high.\nThe dollar eased 0.4% to 136.26 yen, after climbing to 137.10 on Thursday, the highest since Dec. 20. For the week, the dollar was down 0.4% versus the yen, its worst weekly showing since mid-January.\nThe euro rose 0.3% to $1.0628, after starting the week at a nearly two-month low of $1.0533.\nSterling rose 0.7% against the dollar to $1.2032, on track for a 0.4% gain on the week, its best weekly performance since Jan. 20. The pound\'s gains came as Britain struck a post-Brexit Northern Ireland trade deal with the European Union, while a survey showed Britain\'s services sector grew at the fastest pace in eight months in February.\nBitcoin slid 4.9% to $22,306, after touching a 2-1/2-week low at $22,000. Ether declined dropped 5.4% to $1,559 after touching $1,543.60, the lowest since mid-February.\n========================================================\nCurrency bid prices at 3:00PM (2000 GMT)\nDescription RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid\nPrevious Change\nSession\nDollar index 104.5100 104.9600 -0.41% 0.986% +105.0100 +104.5100\nEuro/Dollar $1.0633 $1.0598 +0.33% -0.76% +$1.0636 +$1.0589\nDollar/Yen 135.8500 136.7800 -0.67% +3.62% +136.7650 +135.8100\nEuro/Yen 144.45 144.92 -0.32% +2.96% +145.0400 +144.3000\nDollar/Swiss 0.9362 0.9424 -0.65% +1.25% +0.9420 +0.9360\nSterling/Dollar $1.2044 $1.1948 +0.82% -0.40% +$1.2046 +$1.1945\nDollar/Canadian 1.3592 1.3595 -0.03% +0.31% +1.3644 +1.3556\nAussie/Dollar $0.6770 $0.6730 +0.59% -0.69% +$0.6772 +$0.6725\nEuro/Swiss 0.9953 0.9983 -0.30% +0.59% +0.9999 +0.9948\nEuro/Sterling 0.8827 0.8869 -0.47% -0.19% +0.8873 +0.8827\nNZ $0.6224 $0.6218 +0.14% -1.95% +$0.6241 +$0.6193\nDollar/Dollar\nDollar/Norway 10.3860 10.4360 -0.39% +5.92% +10.4610 +10.3950\nEuro/Norway 11.0477 11.0500 -0.02% +5.28% +11.0900 +11.0416\nDollar/Sweden 10.4623 10.5073 -0.06% +0.52% +10.5271 +10.4630\nEuro/Sweden 11.1260 11.1322 -0.06% -0.21% +11.1533 +11.1225\n(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Samuel Indyk in London and Kevin Buckland in Tokyo; Editing by Christopher Cushing, Kim Coghill, Louise Heavens, Christina Fincher and Richard Chang)', 'By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy. Analysts said the market has for the most part priced in the prospect of a higher terminal fed funds rate after the recent run of upbeat U.S. economic data. The yen, which is sensitive to U.S.-Japan long-term rate differentials, looked set to halt its six-week losing streak against the dollar, as it gained strength with 10-year U.S. yields retreating from a nearly four-month high close to 4.1%. Cryptocurrencies, on the other hand, took a beating as the crisis surrounding Silvergate Bank worsened, with industry heavyweights such as Coinbase Global and Galaxy Digital dropping the lender as their banking partner. The dollar index, which measures the greenback\'s value against six major currencies, fell 0.3% to 104.60, from as high as 105.36 at the start of the week, its strongest level since Jan. 6. So far this week, the index has slid 0.5%, on pace for its biggest percentage fall since the week of Jan. 15. The greenback briefly pared losses after data showed the U.S. services sector grew at a steady pace in February, with new orders and employment rising to more than one-year highs. The Institute for Supply Management\'s (ISM) non-manufacturing index dipped to 55.1 from 55.2 in January. "The dollar has essentially enjoyed four full weeks of gains that completely erased the losses in January," said Juan Perez, director of trading at Monex USA in Washington. "As markets look to end a tough Q1, there is optimism growing as the focus shifts from the pains associated with inflationary pressures and to the potential for a prosperous second half of the year despite central bank tightening via interest rates." Analysts polled by Reuters said recent dollar strength was likely to be temporary, and the currency will weaken over the course of the year as the global economy improves and on expectations the Fed will stop hiking interest rates well ahead of the European Central Bank. Story continues However, the dollar seems unlikely to reverse its latest uptrend, said Karl Schamotta, chief market strategist at Corpay in Toronto. "Next week\'s job opening and non-farm payrolls reports could generate a lift in yields and the dollar. Traders are likely to move cautiously, particularly in currencies exposed to more dovish local central bank messaging - namely the Aussie, Canadian dollar, and yen." The Bank of Japan (BOJ), meanwhile, is expected to start dismantling extraordinary stimulus measures after Governor Haruhiko Kuroda retires next month. Tokyo inflation data for February exceeded the BOJ\'s target for a ninth month, but the core measure did decelerate from a 42-year high. The dollar eased 0.4% to 136.26 yen, after climbing to 137.10 on Thursday, the highest since Dec. 20. For the week, the dollar was down 0.4% versus the yen, its worst weekly showing since mid-January. The euro rose 0.3% to $1.0628, after starting the week at a nearly two-month low of $1.0533. Sterling rose 0.7% against the dollar to $1.2032, on track for a 0.4% gain on the week, its best weekly performance since Jan. 20. The pound\'s gains came as Britain struck a post-Brexit Northern Ireland trade deal with the European Union, while a survey showed Britain\'s services sector grew at the fastest pace in eight months in February. Bitcoin slid 4.9% to $22,306, after touching a 2-1/2-week low at $22,000. Ether declined dropped 5.4% to $1,559 after touching $1,543.60, the lowest since mid-February. ======================================================== Currency bid prices at 3:00PM (2000 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index 104.5100 104.9600 -0.41% 0.986% +105.0100 +104.5100 Euro/Dollar $1.0633 $1.0598 +0.33% -0.76% +$1.0636 +$1.0589 Dollar/Yen 135.8500 136.7800 -0.67% +3.62% +136.7650 +135.8100 Euro/Yen 144.45 144.92 -0.32% +2.96% +145.0400 +144.3000 Dollar/Swiss 0.9362 0.9424 -0.65% +1.25% +0.9420 +0.9360 Sterling/Dollar $1.2044 $1.1948 +0.82% -0.40% +$1.2046 +$1.1945 Dollar/Canadian 1.3592 1.3595 -0.03% +0.31% +1.3644 +1.3556 Aussie/Dollar $0.6770 $0.6730 +0.59% -0.69% +$0.6772 +$0.6725 Euro/Swiss 0.9953 0.9983 -0.30% +0.59% +0.9999 +0.9948 Euro/Sterling 0.8827 0.8869 -0.47% -0.19% +0.8873 +0.8827 NZ $0.6224 $0.6218 +0.14% -1.95% +$0.6241 +$0.6193 Dollar/Dollar Dollar/Norway 10.3860 10.4360 -0.39% +5.92% +10.4610 +10.3950 Euro/Norway 11.0477 11.0500 -0.02% +5.28% +11.0900 +11.0416 Dollar/Sweden 10.4623 10.5073 -0.06% +0.52% +10.5271 +10.4630 Euro/Sweden 11.1260 11.1322 -0.06% -0.21% +11.1533 +11.1225 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Samuel Indyk in London and Kevin Buckland in Tokyo; Editing by Christopher Cushing, Kim Coghill, Louise Heavens, Christina Fincher and Richard Chang)', 'Join the most important conversation in crypto and web3! Secure your seat today\nMajor digital assets plunged as the business day began in Hong Kong on Friday.\nBitcoin (BTC) and ether (ETH) both dropped more than 5% ascustomers fled crypto bank Silvergate, whose stock tumbled 58% during U.S. trading Thursday. Most of the other 10 largest cryptocurrencies by market cap saw declines similar to BTC and ETH\'s.\n"Institutions are a bit jumpy as Silvergate seems to be having issues," Nick Ruck of ContentFi, a Web3 venture studio, said in a note to CoinDesk. Ruck also pointed to the release of some of Mt. Gox’s bitcoin, which would increase its circulating supply, as another source of volatility.\nRead More:Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?\nThe rapid sell-off took a toll on major crypto exchange Coinbase, which began experiencing connectivity issues at 10:20 a.m. Hong Kong time. Other major crypto exchanges, including Binance, Bitfinex, Kucoin, OKX and Kraken, did not report similar issues.\nBitcoin’s price fell to an intraday low of $22,020 as Asia trading hours began, afterremaining roughly steady at $23,500for most of the past day. It appeared to rebound slightly, recovering to just under $22,400 following its plunge.\nEther saw a similar pattern, falling to $1,550 after spending the past day hovering around $1,650 with limited change.\nBitcoin’s market cap declined by over $20 billion to $431.9 billion, according to CoinMarketCap. Crypto\'s overall market cap is at $1.07 trillion. Open interest in bitcoin futures was down 8.8% in the last four hours,according to Coinglass. Open interest for ether was down 5%.\nUPDATE (March 3, 2023, 02:45 UTC):Adds additional detail.', 'Join the most important conversation in crypto and web3! Secure your seat today Major digital assets plunged as the business day began in Hong Kong on Friday. Bitcoin (BTC) and ether (ETH) both dropped more than 5% as customers fled crypto bank Silvergate , whose stock tumbled 58% during U.S. trading Thursday. Most of the other 10 largest cryptocurrencies by market cap saw declines similar to BTC and ETH\'s. "Institutions are a bit jumpy as Silvergate seems to be having issues," Nick Ruck of ContentFi, a Web3 venture studio, said in a note to CoinDesk. Ruck also pointed to the release of some of Mt. Gox\x92s bitcoin, which would increase its circulating supply, as another source of volatility. Read More: Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto? The rapid sell-off took a toll on major crypto exchange Coinbase, which began experiencing connectivity issues at 10:20 a.m. Hong Kong time. Other major crypto exchanges, including Binance, Bitfinex, Kucoin, OKX and Kraken, did not report similar issues. Bitcoin\x92s price fell to an intraday low of $22,020 as Asia trading hours began, after remaining roughly steady at $23,500 for most of the past day. It appeared to rebound slightly, recovering to just under $22,400 following its plunge. (CoinDesk) Ether saw a similar pattern, falling to $1,550 after spending the past day hovering around $1,650 with limited change. (CoinDesk) Bitcoin\x92s market cap declined by over $20 billion to $431.9 billion, according to CoinMarketCap. Crypto\'s overall market cap is at $1.07 trillion. Open interest in bitcoin futures was down 8.8% in the last four hours, according to Coinglass . Open interest for ether was down 5%. UPDATE (March 3, 2023, 02:45 UTC): Adds additional detail.', 'Join the most important conversation in crypto and web3! Secure your seat today\nMajor digital assets plunged as the business day began in Hong Kong on Friday.\nBitcoin (BTC) and ether (ETH) both dropped more than 5% ascustomers fled crypto bank Silvergate, whose stock tumbled 58% during U.S. trading Thursday. Most of the other 10 largest cryptocurrencies by market cap saw declines similar to BTC and ETH\'s.\n"Institutions are a bit jumpy as Silvergate seems to be having issues," Nick Ruck of ContentFi, a Web3 venture studio, said in a note to CoinDesk. Ruck also pointed to the release of some of Mt. Gox’s bitcoin, which would increase its circulating supply, as another source of volatility.\nRead More:Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?\nThe rapid sell-off took a toll on major crypto exchange Coinbase, which began experiencing connectivity issues at 10:20 a.m. Hong Kong time. Other major crypto exchanges, including Binance, Bitfinex, Kucoin, OKX and Kraken, did not report similar issues.\nBitcoin’s price fell to an intraday low of $22,020 as Asia trading hours began, afterremaining roughly steady at $23,500for most of the past day. It appeared to rebound slightly, recovering to just under $22,400 following its plunge.\nEther saw a similar pattern, falling to $1,550 after spending the past day hovering around $1,650 with limited change.\nBitcoin’s market cap declined by over $20 billion to $431.9 billion, according to CoinMarketCap. Crypto\'s overall market cap is at $1.07 trillion. Open interest in bitcoin futures was down 8.8% in the last four hours,according to Coinglass. Open interest for ether was down 5%.\nUPDATE (March 3, 2023, 02:45 UTC):Adds additional detail.', 'A concerted effort to identify and inventory the remaining assets of failed cryptocurrency exchange FTX has revealed "the magnitude of the shortfalls discovered in the fiat bank accounts and digital asset wallets associated with the FTX.com and FTX.US exchanges," according to a presentation filed by FTX Debtors in the firm\'s Chapter 11 bankruptcy cases Thursday.\n$2.2 billionof total assets have been located, according to the presentation, of which only$694 millionare the most liquid currencies, such as fiat, stablecoin, BTC or ETH. Against these holdings—and another $385 million in customer receivables—are$9.3 billionin net borrowing by Alameda Research.\nAnd FTX CEO John J. Ray III warned that all the facts are not yet in.\n"It has taken a huge effort to get this far," Raysaidin a press release. "The exchanges\' assets were highly commingled, and their books and records are incomplete and, in many cases, totally absent."\nIn fact, the presentation states that the information provided is preliminary and "should not be relied upon for any purpose." But Ray, who also serves as chief restructuring officer of the FTX debtors group, said sharing the latest information was a priority.\n"We believe it is more important to provide transparency to stakeholders by making this information public now than to wait until we can achieve certainty," he said.\nFTX Wants Politicians, PACs to Return Donations—And May Sue to Recover Funds\nWhile disgraced FTX founder Sam Bankman-Fried hasrepeatedly claimedthat FTX US "fully solvent," the debtor group\'s research says otherwise.\n"$191 millionof total assets have been located today in the wallets of the accounts associated with the FTX.US exchange, in addition to$28 millionof customer receivables and$155 millionof related party receivables," the group states. "This compares to$335 millionof customer claims and$283 millionof related party claims payable."\n"Unauthorized transfers removed an additional $293 million from wallets preliminarily sourced to the FTX.COM exchange and $139 million from wallets preliminarily sourced to the FTX.US exchange," the presentation noted.\nThepresentationalso updated the amount of liquid assets currently recovered and held by the debtors group, which grew from $5.5 billion to $6.1 billion since its last report in January. Although the increase is primarily the result of updated digital asset pricing, the group also recovered $202 million held at Alameda, $125 million in stablecoins, and $57 million in assorted cryptocurrency held at subsidiaries.\nDespite the information gathered to date, the FTX debtors group attached numerous disclaimers to its report, noting that "it is not possible to calculate or predict customer recoveries based on the preliminary information in the presentation." Reasons cited include fluctuating valuations, insider access, commingling of funds, other unidentified claims, and the disposition of "over a hundred companies comprising the FTX group globally."\n"The analysis is further complicated by the incomplete nature of the books and records and financial information maintained by pre-petition management," the group adds. Ray has previouslydecriedthe misdeeds of\xa0“a very small group of grossly inexperienced and unsophisticated individuals” who were at the helm of FTX.\nFTX Cleared to Sell LedgerX, Other Assets to Repay Creditors\nFinally, the debtors group revealed more information on daily deposits and withdrawals from both exchanges during the 90 days prior to the commencement of the chapter 11 cases for the exchanges. While the figures unsurprisingly show a spike in withdrawals just prior to FTX\'s bankruptcy filing, they also show a spike in deposits attributed to deposits from Alameda.\nToday\'s presentation and filings are only the latest update in the still-unraveling FTX saga.\n"This is the second in what the FTX Debtors anticipate will be a series of presentations as we continue to uncover the facts of this situation," Ray wrote.', 'A concerted effort to identify and inventory the remaining assets of failed cryptocurrency exchange FTX has revealed "the magnitude of the shortfalls discovered in the fiat bank accounts and digital asset wallets associated with the FTX.com and FTX.US exchanges," according to a presentation filed by FTX Debtors in the firm\'s Chapter 11 bankruptcy cases Thursday. $2.2 billion of total assets have been located, according to the presentation, of which only $694 million are the most liquid currencies, such as fiat, stablecoin, BTC or ETH. Against these holdings—and another $385 million in customer receivables—are $9.3 billion in net borrowing by Alameda Research. And FTX CEO John J. Ray III warned that all the facts are not yet in. "It has taken a huge effort to get this far," Ray said in a press release. "The exchanges\' assets were highly commingled, and their books and records are incomplete and, in many cases, totally absent." In fact, the presentation states that the information provided is preliminary and "should not be relied upon for any purpose." But Ray, who also serves as chief restructuring officer of the FTX debtors group, said sharing the latest information was a priority. "We believe it is more important to provide transparency to stakeholders by making this information public now than to wait until we can achieve certainty," he said. FTX Wants Politicians, PACs to Return Donations—And May Sue to Recover Funds While disgraced FTX founder Sam Bankman-Fried has repeatedly claimed that FTX US "fully solvent," the debtor group\'s research says otherwise. " $191 million of total assets have been located today in the wallets of the accounts associated with the FTX.US exchange, in addition to $28 million of customer receivables and $155 million of related party receivables," the group states. "This compares to $335 million of customer claims and $283 million of related party claims payable." Story continues "Unauthorized transfers removed an additional $293 million from wallets preliminarily sourced to the FTX.COM exchange and $139 million from wallets preliminarily sourced to the FTX.US exchange," the presentation noted. From "Preliminary Analysis of Shortfalls at FTX.COM and FTX.US." The presentation also updated the amount of liquid assets currently recovered and held by the debtors group, which grew from $5.5 billion to $6.1 billion since its last report in January. Although the increase is primarily the result of updated digital asset pricing, the group also recovered $202 million held at Alameda, $125 million in stablecoins, and $57 million in assorted cryptocurrency held at subsidiaries. Despite the information gathered to date, the FTX debtors group attached numerous disclaimers to its report, noting that "it is not possible to calculate or predict customer recoveries based on the preliminary information in the presentation." Reasons cited include fluctuating valuations, insider access, commingling of funds, other unidentified claims, and the disposition of "over a hundred companies comprising the FTX group globally." "The analysis is further complicated by the incomplete nature of the books and records and financial information maintained by pre-petition management," the group adds. Ray has previously decried the misdeeds of\xa0“a very small group of grossly inexperienced and unsophisticated individuals” who were at the helm of FTX. FTX Cleared to Sell LedgerX, Other Assets to Repay Creditors Finally, the debtors group revealed more information on daily deposits and withdrawals from both exchanges during the 90 days prior to the commencement of the chapter 11 cases for the exchanges. While the figures unsurprisingly show a spike in withdrawals just prior to FTX\'s bankruptcy filing, they also show a spike in deposits attributed to deposits from Alameda. Today\'s presentation and filings are only the latest update in the still-unraveling FTX saga. "This is the second in what the FTX Debtors anticipate will be a series of presentations as we continue to uncover the facts of this situation," Ray wrote.', 'By Lawrence Delevingne and Elizabeth Howcroft\n(Reuters) - Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs.\nThe U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter.\nU.S. shares jumped, with the Dow Jones Industrial Average up 1.17%, the S&P 500 1.61% higher, and the Nasdaq Composite adding nearly 2%.\n"Following weeks of relentless upward pressure on interest rates, the S&P 500 got a bit of a reprieve today," said Bill Sterling, global strategist at GW&K Investment Management in Boston.\nHe added that the small differential between shorter-term bonds indicated lower recession risk: "Market participants seem to be saying that the economy – and corporate profits - can withstand a higher-for-longer interest rate path."\nAsian stocks already jumped on investor optimism of a Chinese economic rebound. The positive market sentiment continued during the European session, with Europe\'s STOXX 600 up 0.92%.\nThe recovery in euro zone business activity gathered pace last month, PMI survey data showed, in the latest piece of data to suggest the bloc would avoid a recession.\nBut euro zone government bond yields were still near their highest levels in years after euro zone inflation data on Thursday drove market expectations for the European Central Bank\'s (ECB) terminal rate to around 4%.\nAt 2.688%, the benchmark 10-year German yield was near its highest level since 2011.\nU.S. Treasury yields paused their rally. The U.S. 10-year Treasury yield fell to 3.960%, down from Thursday\'s high of 4.091%. The two-year Treasury yield, which typically moves in step with interest rate expectations, dipped 4.3 basis points at 4.859%.\nFederal Reserve Bank of Boston President Susan Collins reiterated in comments made public Friday that more central bank rate rises will be needed to lower high inflation levels.\nInvestors are trying to gauge that exact path for Federal Reserve rate hikes, after strong U.S. data in recent weeks suggested rates may need to be higher for longer.\n"Our overall view is still more consistent with slow disinflation amid some further improvement to global growth," Goldman Sachs market strategists wrote in a note late Thursday. "That mix should maintain the upward pressure on yields but ultimately limit the damage to equities and provide an overdue tailwind to commodities."\nThe MSCI world equity index, which tracks shares in 47 countries, jumped 1.47% on the day, up 5.8% for the year.\nDOLLAR RETREATS\nThe euro ticked up 0.33% on the day, while the U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, its largest weekly loss since mid-January against a basket of six major currencies.\nAnalysts polled by Reuters were unfazed by the dollar\'s recent strength, up about 7% over the last 12 months, and predicted a weaker greenback in a year amid an improving global economy and expectations the Fed will stop hiking interest rates well ahead of the ECB.\nOil prices rose, recovering from an early slump after Reuters reported that the United Arab Emirates is not planning an exit from the Organization of Petroleum Exporting Countries (OPEC). U.S. crude rose 2% to $79.73 per barrel and Brent was at $85.86, up 1.31% on the day.\nSpot gold added 1% to $1,854 an ounce.\nBitcoin was down nearly 5% at around $22,381, its lowest price since Feb. 15.\n(Reporting by Lawrence Delevingne in Boston and Elizabeth Howcroft in London; Editing by Alex Richardson, Leslie Adler, Hugh Lawson and Deepa Babington)', 'By Lawrence Delevingne and Elizabeth Howcroft (Reuters) - Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter. U.S. shares jumped, with the Dow Jones Industrial Average up 1.17%, the S&P 500 1.61% higher, and the Nasdaq Composite adding nearly 2%. "Following weeks of relentless upward pressure on interest rates, the S&P 500 got a bit of a reprieve today," said Bill Sterling, global strategist at GW&K Investment Management in Boston. He added that the small differential between shorter-term bonds indicated lower recession risk: "Market participants seem to be saying that the economy – and corporate profits - can withstand a higher-for-longer interest rate path." Asian stocks already jumped on investor optimism of a Chinese economic rebound. The positive market sentiment continued during the European session, with Europe\'s STOXX 600 up 0.92%. The recovery in euro zone business activity gathered pace last month, PMI survey data showed, in the latest piece of data to suggest the bloc would avoid a recession. But euro zone government bond yields were still near their highest levels in years after euro zone inflation data on Thursday drove market expectations for the European Central Bank\'s (ECB) terminal rate to around 4%. At 2.688%, the benchmark 10-year German yield was near its highest level since 2011. U.S. Treasury yields paused their rally. The U.S. 10-year Treasury yield fell to 3.960%, down from Thursday\'s high of 4.091%. The two-year Treasury yield, which typically moves in step with interest rate expectations, dipped 4.3 basis points at 4.859%. Story continues Federal Reserve Bank of Boston President Susan Collins reiterated in comments made public Friday that more central bank rate rises will be needed to lower high inflation levels. Investors are trying to gauge that exact path for Federal Reserve rate hikes, after strong U.S. data in recent weeks suggested rates may need to be higher for longer. "Our overall view is still more consistent with slow disinflation amid some further improvement to global growth," Goldman Sachs market strategists wrote in a note late Thursday. "That mix should maintain the upward pressure on yields but ultimately limit the damage to equities and provide an overdue tailwind to commodities." The MSCI world equity index, which tracks shares in 47 countries, jumped 1.47% on the day, up 5.8% for the year. DOLLAR RETREATS The euro ticked up 0.33% on the day, while the U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, its largest weekly loss since mid-January against a basket of six major currencies. Analysts polled by Reuters were unfazed by the dollar\'s recent strength, up about 7% over the last 12 months, and predicted a weaker greenback in a year amid an improving global economy and expectations the Fed will stop hiking interest rates well ahead of the ECB. Oil prices rose, recovering from an early slump after Reuters reported that the United Arab Emirates is not planning an exit from the Organization of Petroleum Exporting Countries (OPEC). U.S. crude rose 2% to $79.73 per barrel and Brent was at $85.86, up 1.31% on the day. Spot gold added 1% to $1,854 an ounce. Bitcoin was down nearly 5% at around $22,381, its lowest price since Feb. 15. (Reporting by Lawrence Delevingne in Boston and Elizabeth Howcroft in London; Editing by Alex Richardson, Leslie Adler, Hugh Lawson and Deepa Babington)', 'Bitcoin and Ether prices slumped in Friday morning trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies amid reports U.S.-based cryptocurrency bankSilvergate Capital Corp. could be the next corporate victim of theFTX crash. Polkadot led the losses. U.S. equities rose Thursday after a week of fluctuations on conflicting Federal Reserve comments about interest rates and data suggesting inflation is well entrenched in the economy.\nSee related article:Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry\n• Bitcoin fell 3.22% in the past 24 hours to US$22,827 as of 09:30 a.m. in Hong Kong, according toCoinMarketCap data, extending its weekly loss to 4.78%. Ether dropped 3.19% to US$1,602, for a seven-day fall of 3.33%.\n• Both tokens fell as much as 5% later in the Asia morning. Despite the slump, both are still up around 40% for the year to date.\n• Polkadot led the losers among the top cryptocurrencies, sliding 6.00% to US$6.08, and losing 14.63% in the past seven days. The token has been in a downward trend for two weeks, though the Polkadot community remains active, leading the daily development on Github, according to Github trackerProofofGithubon Thursday.\n• Silvergate said Thursday in afilingto the U.S. Securities and Exchange Commission (SEC) that the company is evaluating “its ability to continue as a going concern,” which sparked a more than 50% plunge in its stock price. A raft of crypto exchanges and platforms have cut ties with the bank.\n• As a Federal Reserve member bank, Silvergate positioned itself as a gate between traditional finance and crypto. The bank was hit hard by the FTX collapse and reported aUS$1 billion lossfor the fourth quarter of 2022. Itlaid off 40% of its staffin January.\n• The total crypto market capitalization dropped 1.02% in the past 24 hours to US$1.07 trillion. And the total trading volume over the last 24 hours went down 12.30% to US$42.65 billion.\n• U.S. equities closed higher on Thursday. The Dow Jones Industrial Average rose 1.05%, the S&P 500 moved up 0.76% and the Nasdaq Composite Index edged higher to 0.73%.\n• Atlanta Fed President Raphael Bosticindicatedon Thursday that he supports an interest rate increase of 25 basis points in March, alleviating some recent concern the Fed may hike 50 points. This helped stocks move higher, but the market is caught in cross-currents asFed Governor Christopher Waller saidthe same day that recent data suggests the inflation fight is far from over.\n• Data from the U.S. Department of Labour on Thursday showedinitial jobless claims fellin the week ending Feb. 25, whilelabor costsrose, indicating inflation hasn’t been tamed by the Fed’s interest rate hikes so far.\n• The Fed set U.S. interest rates between 4.5% to 4.75% in February, the highest since October 2007. Analysts at theCME Groupexpect a 72.3% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 27.7% chance for a raise of 50 basis points, a decrease from 29.9% on Thursday.\n• Data from the U.S. services industry is expected on Friday and several other Fed officials will be speaking the same day, which may further add to the mixed messages to markets. Separately, China will kick of its so-called “Two Sessions” this weekend, the most important political meetings of the year for setting economic policy in the world’s second-largest economy.\nSee related article:Japanese banks to launch, test stablecoins on ‘Japan Open Chain’', 'Bitcoin and Ether prices slumped in Friday morning trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies amid reports U.S.-based cryptocurrency bank Silvergate Capital Corp . could be the next corporate victim of the FTX crash . Polkadot led the losses. U.S. equities ros
**Last 60 Days of Bitcoin's Closing Prices:**
[16688.47, 16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-03
**Financial & Commodity Data:**
- Gold Closing Price: $1847.70
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,188,314,250
- Hash Rate: 359556658.1833338
- Transaction Count: 355273.0
- Unique Addresses: 807383.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market Index (CMI) 1,055 −31.9 ▼ 2.9% Bitcoin (BTC) $22,609 −317.5 ▼ 1.4% Ethereum (ETH) $1,546 −79.4 ▼ 4.9% S&P 500 futures 4,000.00 −32.8 ▼ 0.8% FTSE 100 7,751.40 −6.0 ▼ 0.1% Treasury Yield 10 Years 3.47% ▼ 0.1 BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Top Stories The crypto market slid in the past 24 hours as traders likely took profits after weeks of an uptrend. Ether and dogecoin ( DOGE ) led the declines among major tokens, as each token fell more than 5%, Cardano's ADA and Polygon's MATIC both dropped 4%, while bitcoin lost 1.6%, CoinDesk data shows. The drops caused upward of $173 million in longs, or bets on higher token prices, to be liquidated. Ether futures saw $86 million in liquidations, while traders of bitcoin futures lost $46 million, according to data source Coinglass. Binance mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, Bloomberg reported Tuesday. The exchange issued 94 so-called Binance-peg tokens (B-Tokens), and reserves for almost half of those are stored in a cold wallet called Binance 8. The wallet contains more tokens than required for the number of B-Tokens issued. The issue is, when collateral is pooled together and used for trading, it’s locked up, and clients or holders of assets may not be able to withdraw if the pool is reduced, Laurent Kssis, a crypto trading adviser at CEC Capital, said in a note to CoinDesk. “In essence this means that there is no segregation of assets between clients' funds and any collateral used,” Kssis said. “This could lead to the owner(s) not being able to withdraw due to lack of funds or liquidity by the exchange. The District of Columbia Court of Appeals has set a date to begin hearing oral arguments in Grayscale Investment’s appeal of the Securities and Exchange Commission’s decision to deny the conversion of the Grayscale Bitcoin Trust into an exchange-traded fund, according to a court order filed Monday, CNBC reported. The arguments will take place on March 7, which is sooner than Grayscale had expected. In a tweet on Tuesday, Grayscale said that “we previously anticipated oral arguments to be as soon as Q2 2023, so having them scheduled to begin on March 7 is welcome news.” Grayscale is a sister company of CoinDesk. Story continues Chart of the Day (TradingView/CoinDesk) The chart shows ether's daily price action and shifts in the 50-day and 10-day simple moving averages of the cryptocurrency's price since November. The 50-day SMA is about to top the 100-day SMA, confirming what is known as a bull cross – a closely followed positive technical signal that suggests strengthening of upward momentum and more gains ahead. Some observers argue that crossovers lag prices and are unreliable as standalone indicators. Ether has rallied nearly 30% this month and recently hit a four-month high of $1,680. – Omkar Godbole Trending Posts Genesis Seeks $20.9M From ‘Bitcoin Jesus’ Over Crypto Options Trades That Weren’t Settled Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield Solana Liquid Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture...
- Reddit Posts (Sample): [['u/RonPaulWasR1ght', 'Rules of Etiquette for Bitcoiners.', 39, '2023-03-03 00:16', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/', 'As the late great Biggie Smalls would say: "It\'s rules to this shit, I wrote me a manual." Guys, when this next halving arrives in a little over a year, we\'re going to start to become quite wealthy. Those miners won\'t be able to dump anywhere near as much BTC on the market, and the upward pressure on the price will be palpable. We all know this. Hell, I saw an article that says over 70% of all BTC has been hodled for over a year now. \n\nBut with that wealth comes responsibility. We should be gracious winners, and care about others who are less fortunate. I propose the following:\n\n\\- Only try the orange pill on someone one time. After that, leave it. Talk about the basketball game instead. More than once, you\'re bugging them. They\'ll figure it out on their own time. \n\n\\- Let\'s get rid of "Have fun staying poor." It\'s just, not a nice thing to say. We don\'t need to spike the football. Better would be "good luck with your alt-coin", or whatever. \n\n\\- Let\'s also get rid of "I lost it in a boating accident". That\'s a precious metals kind of saying, and they can have it. How would you lose BTC in a boating accident anyhow? If you know your seed words, you\'d just go and recover it. We\'ve already taken the air out of gold and silver with a far better and more scarce asset, and BTC lives in their heads rent-free. Do we need to steal their saying also? \n\n\\- Never tell anyone how much BTC you own. You can tell them in a roundabout way that requires them to do some math and know about BTC, such as "I have enough BTC that if everyone in New York has as much as I do, there\'d be no BTC left." But never give the actual amount. \n\n\\- Always have a backup wallet, in addition to your daily-use wallet. And keep the vast majority of your BTC in the backup. That way if you get robbed, you only lose the daily-use balance. \n\n\\- Never get frustrated with people who don\'t come around to thinking BTC is great and who aren\'t interested in it. They\'ll come around on their own in time. The legacy banking system still works pretty well for most people in the western world, and people are slow to change something that seems to be working. We have to exercise extreme patience and understanding. \n\nThat\'s pretty much it. Stack on and hodl!!! : - )', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/', '11gjtd1', [['u/Wilynesslessness', 15, '2023-03-03 02:24', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/jap6wj7/', 'I lost coin sailing the digital seas', '11gjtd1']]], ['u/Vice-Tempus', 'Bitcoin Era', 471, '2023-03-03 02:13', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/', "I know a lot of people felt they were at a significant disadvantage during the 1M ruble bitcoin era BUT: does anyone else miss that era of tarkov? \n\nI wasn't 100M in the bank rich but MAN that was a FUN time to play. Bitcoin farm pulling guaranteed money daily. GPUs and Tetris spawning like wildfire in IDEA. \nAbsolute JUICER teams everywhere.\nThe economy was trashed and it felt like everything was lawless. I enjoyed the chaos hahaha", 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/', '11gmxv2', [['u/IIYellowJacketII', 26, '2023-03-03 03:07', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japcjtn/', "I had like 700 million at the end of bitcoin wipe....it was kinda fun but also kinda boring. \n\nBasically everyone had so much roubles that the entire economy part of the game didn't even exist anymore, since you can just buy whatever at all times when you had traders unlocked.\n\nPretty sure I heard of someone farming 5 billion roubles that wipe lol.", '11gmxv2'], ['u/OldGrouchyGamer', 205, '2023-03-03 03:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japfzgp/', "As someone who was finally able to access good gear that wipe, it was the wipe I enjoyed most. I would guess most of the casual players loved that wipe because they were able to access content they couldn't otherwise.", '11gmxv2'], ['u/nuk3dom', 13, '2023-03-03 03:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japgmai/', 'Good times i also sometimes think about', '11gmxv2'], ['u/iReddat420', 39, '2023-03-03 04:14', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japl61b/', "I was broke af during the btc era because I started the wipe late and got cucked by the solar and farm nerfs and had to buy super expensive gpus while everyone was already thriving on btc money\n\nComparatively speaking that wipe was probably the poorest I ever was in relation to the general playerbase, don't even know why I bothered playing that wipe for so long", '11gmxv2'], ['u/Existencialyte', 20, '2023-03-03 04:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japnwbj/', "The number one thing I miss about tarkov is the Killa farming when he was at centre mall. \n\nIt gave me something to do every wipe, and it was one of those things that really felt satisfying when the goal was achieved. Once they spread out his spawns it was really hard to find him, and required to much time. \n\nIt was really fun and exciting to dash towards center mall, and compete with all the other Killa farmers. You would run into the same players often and have really interesting encounters. There was something special about the whole experience, and I actually miss it a lot. I don't find wipes anywhere as exciting as I used to without this process included. \n\nIt is a damn shame that we never got to experience it with VOIP as well, because that would have been fucking INCREDIBLE.\n\nIf you are reading Nikita, and you want something good to give the community, GIVE US KILLA FARMING BACK!", '11gmxv2'], ['u/Gigachad____', 13, '2023-03-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japrm7t/', "good era People weren't so scared because they had money in reserve, gear was much more plentiful and on flea.\n\nPushing wasn't suicidal with no inertia and recoil was much lower.\n\n50% More stamina made maps less cancer to run around on\n\nHigh density loot areas gave people something to fight over instead of doing stash runs like now.\n\nFighting bosses would mean you could flea their high end gear for a good amount\n\nKeycards were on flea meaning you could run labs\n\nPeople had no reason to RMT because you could just get the loot yourself without wasting hours of time doing boring shit. You could do cool shit like farming killa or PVPing in any of the loot hotspots", '11gmxv2'], ['u/steveler7', 10, '2023-03-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japrnzj/', 'Best time was free labs. But the bitcoin craze would probably be second', '11gmxv2'], ['u/Vice-Tempus', 15, '2023-03-03 05:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japswpy/', 'Bruhhhh I MISSSSSS the days of getting to KIBA first, locking yourself in and then having everyone show up and fight while you watch OR the excitement of having to fight your way out of KIBA. \n\nI specifically remember one time my friends and I watched Killa wipe a 3 man team for us while we sat in KIBA. He came out of NOWHERE and ate them alive. \n\nInterchange was a WARZONE during that time. I swear you could not go to that map without fighting multiple teams the whole time you were on the map.', '11gmxv2'], ['u/MikeHoncho2568', 11, '2023-03-03 05:29', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japtwkw/', 'I had a THICC items case full of Slicks and about 15 fully modded meta guns with top tier ammo. I agree that it was boring. I think Tarkov is more fun when most people have crap gear.', '11gmxv2'], ['u/Rk0', 10, '2023-03-03 05:41', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japvajq/', 'I just miss that state of the game, not really the bitcoin inflation.', '11gmxv2'], ['u/MapleYamCakes', 45, '2023-03-03 06:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japxx10/', 'Most people I kill right now don’t even have anything on them worth the ammo I spent shooting at them.', '11gmxv2'], ['u/Thesaladman98', 26, '2023-03-03 07:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq4kcu/', "I miss the Era right before that. When bitcoins sky rocketed that's when things started going to shit. Bsg went crazy trying to fix the economy, many of the changes they still havnt reverted. People started being scared to lose gear (ironic) but having 3mil in your ass every raid from 2 tetris and a bitcoin just panicked everyone, idk that was still a fun time but things started ti decline rapidly.\n\nLike I noticed alot more hatchet runners, alot more money runners, alot more super cheap gear, even though everyone had 300mil in their stash. Meanwhile just before that everyone was running slicks and meta m4s with 20mil.", '11gmxv2'], ['u/MapleYamCakes', 28, '2023-03-03 07:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq5epb/', 'That’s how I’ve been playing for 3 wipes. I figured out almost 2 years ago that my survival rate increases from about 55% to 85% when I bring a bolt action rifle and only have 10 rounds of M62 loaded into mags. Keep a 40 stack in my gamma. Level 4 armor, ulach, decent rig. No secondary, no grenades, basic meds, no backpack. The frequency of deaths to obvious cheaters drops dramatically. Kill a PMC in raid, take their bag, and loot up and leave.\n\nDon’t play any differently than if I had a full auto weapon. Just quick snipe people or hip fire them with a blue laser on the M700.', '11gmxv2'], ['u/Vice-Tempus', 11, '2023-03-03 07:44', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq6zq4/', 'bringing in nice stuff makes the shotgun scavs aimbot you more than the cheaters do lmao\n\nlost a SCAR that way.', '11gmxv2'], ['u/1stMembrOfTheDKCrew', 12, '2023-03-03 08:00', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq8aqb/', 'Oh boy cant wait to go geared on streets to fight the 4 man player scav squad 3 minutes into the raid', '11gmxv2'], ['u/1stMembrOfTheDKCrew', 11, '2023-03-03 08:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaqcq1q/', 'I disagree, I want to fight other players and loot their gear, not an infinitely respawning guy with nothing to lose. Most scavs that spawn with something of value are going to extract anyways, and its very easy to do that without fighting since they give scavs so many generous extracts. \n\nOr worse, they spawn in, and loot the higher value areas before you even have a chance to do anything about it. How is that good gameplay. Its why players are maining scav now, its way easier to make money as a scav, theres little downside, you get all the good loot fast instead of needing to gear up for it. And in fact its very safe since other scavs wont shoot you. \n\nYoure supposed to be scavenging for the leftovers. All the other maps that arent lighthouse or streets play better unless youre a scav main. \n\nIf i die early in my friend group, i dont give a crap since one loothouse or streets scav raid later i have a full kit', '11gmxv2']]], ['u/sweeesh', 'passed phase 1!!', 19, '2023-03-03 03:33', 'https://www.reddit.com/r/Forex/comments/11gorj1/passed_phase_1/', "I caught the huge red candle in Bitcoin. Pushed me over my phase 1 on my forex funds. Just 5% now and 60 days to do it. Boom boom boom let's go!", 'https://www.reddit.com/r/Forex/comments/11gorj1/passed_phase_1/', '11gorj1', [['u/Environmental-Bus9', 11, '2023-03-03 04:32', 'https://www.reddit.com/r/Forex/comments/11gorj1/passed_phase_1/japnd0f/', 'Proud of you man. Remember though, people have a higher tendency of failing the second phase in a prop firm challenge than the first, most likely because of the boost in overconfidence they get that allows to feel like they can take on the world. I highly recommend you cut risk and take your time. Remember, patience is a virtue.', '11gorj1']]], ['u/ImPickleRickBytch', 'Silvergate Capital Play', 24, '2023-03-03 03:46', 'https://www.reddit.com/r/wallstreetbets/comments/11gp0yy/silvergate_capital_play/', 'Let me start by saying I don’t have a single dollar in this stock. And I’ll follow that by saying this is half ass DD. \n\nSo anyways, I’m hanging around the cryptosphere and I keep hearing about this bank. Silvergate bank this Silvergate bank that. Had no idea who they were before and I know that scene pretty well. Turns out they’re the go to for on-ramping crypto buys for corporations and large buyers trying to operate legally. For example when Tesla bought those billions in Bitcoin, they didn’t buy it from a miner they went through an intermediary bank. \n\nHere we get to the meat and potatoes. They’re in the news because evidently they had exposure to FTX (crypto exchange) and obviously the bear market has hammered them. They’ve processed $1 trillion since 2017 and were the trusted go to for on ramping, buttt major players are now coming out saying hey don’t worry we don’t have Silvergate exposure. \n\nThe stock has dropped almost 60% today and the shorts are at 72% of float. They’re filing their 10k late, but if they somehow make it out of this alive this thing could go parab0lic and serve some Justice.', 'https://www.reddit.com/r/wallstreetbets/comments/11gp0yy/silvergate_capital_play/', '11gp0yy', [['u/VisualMod', 83, '2023-03-03 03:46', 'https://www.reddit.com/r/wallstreetbets/comments/11gp0yy/silvergate_capital_play/japhlpn/', '>This is a terrible investment and you are an idiot for even considering it. Anyone who would put their money into this company is a complete moron and will likely lose everything they invest.', '11gp0yy'], ['u/ImPickleRickBytch', 15, '2023-03-03 03:51', 'https://www.reddit.com/r/wallstreetbets/comments/11gp0yy/silvergate_capital_play/japib4n/', 'I agree Vis, butttttt it is WSB', '11gp0yy']]], ['u/TiredRightNowALot', 'What to say when your friends or family ask for advice', 32, '2023-03-03 04:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11gpgbg/what_to_say_when_your_friends_or_family_ask_for/', 'It’s happened to all of us. At some point someone mentions crypto, whether it’s a family dinner or some sort of event and you say “yeah, I’ve checked that out and bought a few things”. \n\nNext thing you know, uncle Dan is asking what coins you bought and what he should buy (because who doesn’t love lambos!!). \n\nThe best course of action is to be vague about what you’ve done (oh, just some bitcoin and ether), and then steer to conversation to “if you’re in to it, you should really speak to an expert”. Recommend someone else. \n\nWhen crypto goes up, hopefully everyone close to you goes for the ride. But if it goes down, you don’t want to be the one who convinced nana to throw a few thousand in to shitcoin 101. \n\nThese are simple rules whether people are talking about crypto, stocks, retirement or whatever. Just don’t be their scapegoat and recommend someone else do it.', 'https://www.reddit.com/r/CryptoCurrency/comments/11gpgbg/what_to_say_when_your_friends_or_family_ask_for/', '11gpgbg', [['u/Bucksaway03', 10, '2023-03-03 04:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11gpgbg/what_to_say_when_your_friends_or_family_ask_for/japkeh7/', "Don't \n\nIt's not worth it", '11gpgbg'], ['u/-Skald', 11, '2023-03-03 04:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11gpgbg/what_to_say_when_your_friends_or_family_ask_for/japkj9v/', 'Don’t buy shit coins, DCA, HODL. Then finish off with a “But IDK tho,” to absolve myself of all liability.', '11gpgbg']]], ['u/Cheese6260', 'Is the crypto community learning from mistakes?', 15, '2023-03-03 05:00', 'https://www.reddit.com/r/CryptoCurrency/comments/11gqmch/is_the_crypto_community_learning_from_mistakes/', 'I was just reviewing my DCA history and couldn’t help but see that on Coinbase BTC is 99% BUY and 1% SELL.\n\nI know it’s been in the buy for months at very high percentages but it’s a little surprising it’s 99% BUY.\n\nIn the bear I would think its being sold at a higher rate but we may have shaken off the paper hands and are left with none other than diamond hands accumulating and holding.\n\nI think it shows that anyone in the space now is here to stay. What that will do to the price or future, I have no clue. I’m just an airhead that buys BTC and ETH.', 'https://www.reddit.com/r/CryptoCurrency/comments/11gqmch/is_the_crypto_community_learning_from_mistakes/', '11gqmch', [['u/Bucksaway03', 14, '2023-03-03 05:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11gqmch/is_the_crypto_community_learning_from_mistakes/japr83i/', 'No\n\nJust look at how much people got rekt on leverage less than 2 hours ago', '11gqmch']]], ['u/Golden-eye007', 'Anyone worried about Silvergate bank going bankrupt and its effect on bitcoin price?', 88, '2023-03-03 05:02', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/', 'I just heard Slivergate delayed filing its 10k...not good sign. Their stock is down almost 60% and every exchange has basically stopped transfers to them. Is this going to be another FTX effect on Bitcoin and is that good or bad. You will probably get BTC at a discount (its already down 5% today) what do you think BTC will go down to because of this? I know Microstrategies has a huge loan with them will they lose their collateral?', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/', '11gqod6', [['u/Webfarer', 10, '2023-03-03 05:07', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japrg7z/', 'Why are you guys so worried about bitcoin’s price in another currency if you believe in bitcoin? Oh right, you only care about your green notes.', '11gqod6'], ['u/savinelli_smoker', 15, '2023-03-03 05:07', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japrgpm/', 'Basically anything that can go wrong has gone wrong with centralised institutions past year. \n\nFrom what I read Silvergate is actually pretty conservative when it comes to reserving and asset allocation. Far more conservative than normal banks. If they can’t make it then these centralised joints aren’t the answer.', '11gqod6'], ['u/sherpamagic', 97, '2023-03-03 05:09', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japrpzy/', "I've been praying for a pullback so that i can selfishly stack more. 🙏🙏🙏", '11gqod6'], ['u/uranium2019', 10, '2023-03-03 05:12', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japs2ja/', 'Me too', '11gqod6'], ['u/nmolanog', 17, '2023-03-03 05:18', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japsqlj/', "I don't know others but I follow price because I want to buy as cheap as possible", '11gqod6'], ['u/NaiveEstablishment19', 24, '2023-03-03 05:19', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japss97/', 'I will be praying & fasting that Silvergate crashes so I can scoop up cheaper Sats', '11gqod6'], ['u/SmoothGoing', 13, '2023-03-03 05:22', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japt7ds/', "If bitcoin's price didn't do what it did the wallet you use wouldn't exist, the exchange you use wouldn't exist, this sub would have 1 post a month and 500 users, and you wouldn't even know about bitcoin.", '11gqod6'], ['u/Stock_Frosting9087', 24, '2023-03-03 05:29', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/japtxaz/', 'Slivergate? Never heard of her', '11gqod6'], ['u/hazard__', 34, '2023-03-03 06:27', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaq01pd/', '[https://twitter.com/MicroStrategy/status/1631366897378680835?ref\\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet](https://twitter.com/MicroStrategy/status/1631366897378680835?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet)\n\n&#x200B;\n\n"We have a loan from Silvergate not due until Q1 ‘25. There are mkt concerns re SI’s fin. condition. For anyone wondering, the loan wouldn’t accelerate b/c of SI insolvency or bankruptcy. Our BTC collateral isn’t custodied w/ SI & we have no other financial relationship w/ SI."', '11gqod6'], ['u/charlespax', 30, '2023-03-03 06:28', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaq03qk/', 'Everything is good for Bitcoin.', '11gqod6'], ['u/MrQ01', 25, '2023-03-03 06:37', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaq0zai/', "OP, what exactly was the FTX effect on Bitcoin?\n\nYou mean that short-term dip which is now completely irrelevant, as price is higher than just below the FTX news?\n\nIf so then why are we worrying about potential dips that have nothing to do with the fundamentals of Bitcoin? Why wouldn't we just be greedy when people are being fearful?\n\nYou're at risk of spreading FUD OP.", '11gqod6'], ['u/hazard__', 13, '2023-03-03 06:37', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaq10ou/', 'The interest-only term loan is secured by certain bitcoin held in MacroStrategy’s collateral account with a custodian mutually authorized by Silvergate and MacroStrategy\n\n&#x200B;\n\nhttps://www.businesswire.com/news/home/20220329005397/en/Silvergate-Bank-Issues-205-Million-Loan-to-MacroStrategy-Collateralized-by-Bitcoin', '11gqod6'], ['u/JeremyLinForever', 40, '2023-03-03 07:12', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaq47m9/', 'OP, the truth of the matter is… and I’m not sure you’ve heard of this before: Bitcoin needs to be attacked to be stronger. Every time something negative happens is when Bitcoin becomes stronger and more robust. The price will reflect that later on.', '11gqod6'], ['u/Dazzling_Marzipan474', 142, '2023-03-03 08:23', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaqa4lf/', "I've never heard of Silver gate til today", '11gqod6'], ['u/Extra-Confection-706', 19, '2023-03-03 10:39', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaqk4f0/', 'How is Bitcoin even being attacked when some company goes bust ? How does this has anything to do with Bitcoin itself. Bitcoin really doesnt care.', '11gqod6'], ['u/sammadetvel___', 11, '2023-03-03 13:04', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaqv6gj/', "If we could all go easy on the pullback untill I have some money to convert to Bitcoin, that'd be great...", '11gqod6'], ['u/Squeezitgirdle', 30, '2023-03-03 13:10', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jaqvq48/', "Coinbase, crypto dot com, etoro, several other crypto exchanges (and possibly binance) use them as a payment processor and provides a resource for exchanges to receive money on weekends when banks are closed.\n\nI'm not sure how badly this will hurt the exchanges though.", '11gqod6'], ['u/seambizzle', 14, '2023-03-03 14:18', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jar2rrp/', 'Bitcoin literally does not care about evergate. It has seen and faced and dealt with much worse. This is nothing compared to those. This is the most resilient network we have seen. If anything this will only strengthen bitcoin\n\n\nTick tock next block', '11gqod6'], ['u/bitcoinharambeee', 31, '2023-03-03 14:23', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jar3dgt/', 'This is great news for Bitcoin actually. People need to understand bitcoin itself is a bank.', '11gqod6'], ['u/pcvcolin', 15, '2023-03-03 14:28', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jar3zx6/', "This sort of thing is part of why Kraken, Custodia etc. got their Wyoming SPDI bank license. Being independent from / having a buffer against what happens to external banks (or what banks can do to you). In Kraken's case Kraken operates as an exchange but also has the bank license. In Custodia's case I'm not sure of what their services will be at launch but they clearly will be focused on serving people who own digital assets.", '11gqod6'], ['u/Correct-Log5525', 29, '2023-03-03 14:38', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jar53iw/', 'He has to tell the truth, they are a publicly traded company.. he could be sued into oblivion if he lied publicly about Microstrategy finances', '11gqod6'], ['u/Stew-Cee23', 22, '2023-03-03 18:27', 'https://www.reddit.com/r/Bitcoin/comments/11gqod6/anyone_worried_about_silvergate_bank_going/jas1qmm/', 'In other words my cold storage has absolutely zero exposure to this', '11gqod6']]], ['u/AutoModerator', '[Daily Discussion] - Friday, March 03, 2023', 35, '2023-03-03 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/', '11gru6z', [['u/JAGR8202', 13, '2023-03-03 06:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jaq1h9e/', 'So, Silvergate probably toast within days. Who is left? Signature?', '11gru6z'], ['u/GenghisKhanSpermShot', 16, '2023-03-03 09:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jaqe7r9/', "[C'mon now.](https://pbs.twimg.com/media/FqR0m2aacAIj9sO?format=png&name=large)", '11gru6z'], ['u/cryptojimmy8', 11, '2023-03-03 14:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jar0u0h/', 'This PA is so weird. Big dump, then no movement until US markets open again. The chart is just a complete straight horizontal line after that dump. Movement will proceed in 1.5 hours', '11gru6z'], ['u/snek-jazz', 13, '2023-03-03 15:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jar9udu/', "Whether you love/hate or don't care at all about the whole ordinals thing, it's a great reminder of how bitcoin is decentralised and how it will be what people decide it will be, and also how what bitcoin represents is subjective.", '11gru6z'], ['u/Westbrook_Level', 11, '2023-03-03 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jard758/', 'Silvergate is the new Evergrande bogeyman to scare you with.\n\n>”The Party said that Oceania had never been in alliance with Eurasia. He, Winston Smith, knew that Oceania had been in alliance with Eurasia as short a time as four years ago. But where did that knowledge exist? Only in his own consciousness, which in any case must soon be annihilated.” -1984, George Orwell', '11gru6z'], ['u/gozunker', 10, '2023-03-03 16:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jarggmp/', 'It’s price action like this recent drop that makes me glad I just DCA every week, because I have no idea what’s going on and why', '11gru6z'], ['u/AccidentalArbitrage', 11, '2023-03-03 17:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jarw4mb/', 'I\'m not so sure this was caused by the Silvergate news. It\'s been known they were struggling since the FTX blow up, all the big players that banked with them have been using the last few months to move elsewhere. No one, other than Silvergate shareholders, seem to be affected negatively here. \n\nIf it hadn\'t happened on the same day we\'d be calling last night\'s drop a liquidity hunt. \n\nWe\'ll never know for sure either way, but my bet is simply a whale hunting liquidity, late at night, using the "news" as cover. \n\nEither way, if you traded the news as bearish you were either right or lucky and made money! But I didn\'t see a trade in your post.', '11gru6z'], ['u/ProcedureOk8501', 12, '2023-03-03 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jas5udt/', '80k long from 22200 wish me luck ppl😂', '11gru6z'], ['u/PolarNimbus', 18, '2023-03-03 20:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jasjjcu/', "Today's price action is a special treat for anyone upset with BTC being correlated to tradfi.", '11gru6z'], ['u/DogNarrow1', 21, '2023-03-03 20:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jask8mo/', 'Weird price action. Massive dump and then no volatility? Bizarre.', '11gru6z'], ['u/Shootinsomebball', 17, '2023-03-03 22:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/11gru6z/daily_discussion_friday_march_03_2023/jat0ac1/', 'Looks like the sub is in buy/ long the dip mode. This doesn’t usually end well', '11gru6z']]], ['u/rBitcoinMod', 'Daily Discussion, March 03, 2023', 43, '2023-03-03 07:10', 'https://www.reddit.com/r/Bitcoin/comments/11gt6l4/daily_discussion_march_03_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11fw0r3/lightning_thursday_march_02_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11gt6l4/daily_discussion_march_03_2023/', '11gt6l4', [['u/Crypt0fart', 13, '2023-03-03 12:30', 'https://www.reddit.com/r/Bitcoin/comments/11gt6l4/daily_discussion_march_03_2023/jaqs8bt/', "Ahhh more fud this time in the case of silvergate. Has nothing to do with bitcoin it's just used to shake people out. Ignore the fud DCA and get coins off the exchanges ✌️", '11gt6l4'], ['u/escodelrio', 13, '2023-03-03 14:07', 'https://www.reddit.com/r/Bitcoin/comments/11gt6l4/daily_discussion_march_03_2023/jar1kqi/', 'Historical Bitcoin\xa0prices for today, March 3rd:\n\n2023 - $22,369\n\n2022 - $42,477\n\n2021 - $50,422\n\n2020 - $8,768\n\n2019 - $3,820\n\n2018 - $11,439\n\n2017 - $1,291\n\n2016 - $419\n\n2015 - $281\n\n2014 - $661\n\n2013 - $35\n\nVia [Twitter](https://twitter.com/btchistorical/status/1631611301863497729).', '11gt6l4'], ['u/Umpire_State_Bldg', 14, '2023-03-03 21:38', 'https://www.reddit.com/r/Bitcoin/comments/11gt6l4/daily_discussion_march_03_2023/jasuzc9/', 'My family insisted that Bitcoins were making me crazy; they sent me to psychoanalyst. I showed up for my first appointment, where he told me to go ahead and lie on the couch. So I sat on the couch and said, "I had a terrible boating accident."', '11gt6l4']]], ['u/mbouhda', 'The "my wallet was hacked" is utter nonsense !', 21, '2023-03-03 08:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11gup3k/the_my_wallet_was_hacked_is_utter_nonsense/', 'I just saw a post asking If the wallet could be compromised if someone knew the seed phrase but not the order of the words, and it made me think about all those "*i clicked on the link showing MILFs in my area and lost all my money*", "*tech support asked for my seed to help me with my stuck transaction*", "*someone in telegram told me I should synchronize my wallet, and gave me a link to do so, but now i lost all my money*", "*i will send you 10 BTC if you send me 0.001 BTC to cover transfer fees*", "*Elon Musk said he would double my bitcoin if I send them to him*" ...\n\nA lot of the posts claiming "I got hacked" are total nonsense, in reality, they either fell for suspicious links or made a foolish mistake they\'re unwilling to own up to or unaware of. Actual hacking, as in compromising your system is a challenging task and most hacks are accomplished through social engineering, which uneducated people are more susceptible to, so it\'s crucial to be wary of every link you click, where you store your seed phrase, and which smart contracts you interact with.', 'https://www.reddit.com/r/CryptoCurrency/comments/11gup3k/the_my_wallet_was_hacked_is_utter_nonsense/', '11gup3k', [['u/Chysce', 14, '2023-03-03 09:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11gup3k/the_my_wallet_was_hacked_is_utter_nonsense/jaqdryb/', "Aka never mess with your crypto when you're horny or drunk", '11gup3k']]], ['u/squartino', "40 years old - I'm a bit in late for starting a snowball..", 11, '2023-03-03 09:57', 'https://www.reddit.com/r/dividends/comments/11gvypl/40_years_old_im_a_bit_in_late_for_starting_a/', "Hi all, \nactually i own around 2,5btc (honestly i would reach 3btc) i don't want to sell yet and i wonder what's a good amount of money i should have for starting a good snowball.\n\n \nI feel a bit lost :/", 'https://www.reddit.com/r/dividends/comments/11gvypl/40_years_old_im_a_bit_in_late_for_starting_a/', '11gvypl', [['u/Play_OOO', 18, '2023-03-03 11:08', 'https://www.reddit.com/r/dividends/comments/11gvypl/40_years_old_im_a_bit_in_late_for_starting_a/jaqm5pp/', "I'm 48 and only started investing seriously a couple of years ago ( I spent most of my savings in my real state).\n\nIt's never too late mate!", '11gvypl'], ['u/Karl-Hevacheck', 35, '2023-03-03 12:21', 'https://www.reddit.com/r/dividends/comments/11gvypl/40_years_old_im_a_bit_in_late_for_starting_a/jaqri2z/', 'The best time to start investing was 20 years ago, the second best is today', '11gvypl'], ['u/Gwsb1', 12, '2023-03-03 16:34', 'https://www.reddit.com/r/dividends/comments/11gvypl/40_years_old_im_a_bit_in_late_for_starting_a/jarkf6s/', '😆 🤣 \n\n40 years old? To late? I don\'t think so. Today I\'m wearing a tee shirt I got at an NBA game in 1998. \n\nDon\'t forget that in today\'s America, people don\'t smoke, get treated for high blood pressure , etc. \nYour Grandpa may have worked himself into an early grave at 60 working in a steel mill or whatever. May have gotten hooked on smokes in the Army where they gave you a pack a day during the war. I\'m guessing you are in better health than your previous generations. I know I am. \n\nYou will probably work until you\'re 75. Live until your 95. When I say "work" I don\'t mean what you are doing now. There are lots of cool retirement gigs. If you just quit at 65, you will die of boredom by 75.\n\nTake the long view of your investing journey.', '11gvypl']]], ['u/TomSchofield', 'Bitcoin price increase and flea market slot change!', 656, '2023-03-03 12:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/', 'Today I have noticed that Bitcoin prices are up to 256k, and I now have 3 flea market slots with 14 flea rep!\n\nGreat changes Nikita\n\nEdit: SBIH reduced to 100m too! Fuck yeah', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/', '11gyajd', [['u/Havicbrin', 135, '2023-03-03 12:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqsfrh/', 'That will make btc farm worth building again', '11gyajd'], ['u/TomSchofield', 24, '2023-03-03 12:52', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqu132/', "Clearly it's not, but rabid criticism without acknowledgement of positive changes is unhelpful", '11gyajd'], ['u/IidasAdventures', 315, '2023-03-03 13:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqv6x0/', 'I just sold 20 btc @ 156k this afternoon.\n\nFuck my life', '11gyajd'], ['u/TomSchofield', 20, '2023-03-03 13:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqv9rf/', "🤣🤣.\nComparing a game developer to Hitler. I think you may need to take a break dude, you've clearly lost all perspective", '11gyajd'], ['u/billyraygyros', 62, '2023-03-03 13:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqvbua/', "I can't believe no one is talking about the slot change. It's a simple QOL adjustment that will impact a lot of players greatly. Although I'm curious why it wasn't announced in the patch notes, fingers crossed it's not accidental.", '11gyajd'], ['u/pussypotpie69', 14, '2023-03-03 13:14', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqw43f/', 'Nikita said he would do it like a day or 2 ago in his ama', '11gyajd'], ['u/Dixie144', 62, '2023-03-03 13:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqywl1/', "It's always been worth Building if you like thicc weapon cases\n\nEdit: I like thicc weapon cases", '11gyajd'], ['u/CommandoPro', 421, '2023-03-03 13:49', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaqzn3b/', 'The authentic crypto experience', '11gyajd'], ['u/Laggiter97', 15, '2023-03-03 14:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jar1b3x/', 'The only time when HODLing has paid off', '11gyajd'], ['u/gr00ve88', 23, '2023-03-03 14:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jar31cx/', 'Idk if it’s a QOL adjustment as much as it is just a reversal of a stupid change they made earlier.', '11gyajd'], ['u/SlyXross', 11, '2023-03-03 14:47', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jar6958/', 'Before you could get anything on the flea, now you can’t. It’s a good change, period.', '11gyajd'], ['u/Ihaveausernameee', 29, '2023-03-03 14:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jar75wp/', 'Does no one really see what’s happening here?! This is such an obvious deflection to keep some of you happy because the cheating problem is so rampant and bad. What do the game developers do when it’s shown to be a problem? Make quality of life changes that people have literally already been begging for anyway. DEFLECTION', '11gyajd'], ['u/I_am_a_Failer', 20, '2023-03-03 14:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jar7bm8/', "No it's not, the other barters are much cheaer", '11gyajd'], ['u/KrevvyTV', 14, '2023-03-03 15:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jar965m/', 'Wdym it was 2 slots until 30 rep', '11gyajd'], ['u/DaHedgehog27', 11, '2023-03-03 15:21', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaradtg/', 'Yo Bragging I did SBIH at 125m :P', '11gyajd'], ['u/mekzo103', 12, '2023-03-03 15:22', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarafws/', 'Bread and games', '11gyajd'], ['u/Jacuul', 35, '2023-03-03 15:32', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarbpp5/', "Neither of the BTC barters were worth it. Except for a brief time early this wipe when BTC was like, 80k, it's always a net positive to sell the BTC to therapist and just buy all the other parts for the Mechanic ---> Jaeger barter for THICC cases", '11gyajd'], ['u/GentleAnusTickler', 89, '2023-03-03 15:47', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jardpij/', 'Nikita is really trying to win the boys over', '11gyajd'], ['u/I_am_a_Failer', 21, '2023-03-03 15:49', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jardvze/', "It's still better to sell BTC and use the other barter, has nothing to do with what you do in hideout", '11gyajd'], ['u/Lazerhawk_x', 52, '2023-03-03 15:58', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarf7e9/', 'What are you, roleplaying or something?', '11gyajd'], ['u/shavingfoams', 13, '2023-03-03 16:01', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarfmtv/', 'Eh, Bitcoin barter is at least always in stock. That might be worth going hard minus on rubles to you.', '11gyajd'], ['u/Cattaphract', 10, '2023-03-03 16:08', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jargpqb/', 'So we are undoing changes. Good start i guess.', '11gyajd'], ['u/voice-of-reason_', 25, '2023-03-03 16:23', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarisot/', 'Welcome to crypto', '11gyajd'], ['u/thedrizztman', 90, '2023-03-03 17:03', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarow76/', "Nikita: *reverts changes made in the past, calls it progress*\n\nEveryone: 'GoOdChAnGeS, sEe He dOeS cArE!'", '11gyajd'], ['u/Heynongmanlet', 20, '2023-03-03 17:12', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jarq8l6/', 'Yep, all they have to do now is fix desync and get rid of the cheaters and the game will be playable again!', '11gyajd'], ['u/AlmostButNotQuiteTea', 14, '2023-03-03 17:34', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jartkdm/', "Nikita: I'm changing default flea slots from 3 to 2\n\nPlayers: no please why, it doesn't even make any sense or change anything.\n\nNikitia: no I will not change it back be happy with 2\n\nYear later.\n\nNikitia: I'm giving you 3 slots back\n\nPlayers: finally\n\nNikita: why aren't you bowing at my feet???", '11gyajd'], ['u/Aggravating-Self-164', 12, '2023-03-03 17:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jaru13h/', 'Improvements? You mean reversing old changes', '11gyajd'], ['u/Poonamoon', 15, '2023-03-03 18:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jas1d59/', 'Buy high sell low am I right', '11gyajd'], ['u/lolurmorbislyobese', 18, '2023-03-03 18:30', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jas27em/', 'They really do have the memory of a goldfish.', '11gyajd'], ['u/HeavyO', 14, '2023-03-03 22:52', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gyajd/bitcoin_price_increase_and_flea_market_slot_change/jat686i/', 'Is he suddenly doing something against cheaters?', '11gyajd']]], ['u/ValdemarrPlanB', 'Moving Forward - State of the Sub', 62, '2023-03-03 13:59', 'https://www.reddit.com/r/mtgoxinsolvency/comments/11h05g8/moving_forward_state_of_the_sub/', '*(the following has been prepared in advance in anticipation for the upcoming registration deadline. as extensions are made, language of the post will be adjusted accordingly)*\n\nApril 6th 2023 marks the deadline for making repayment registrations in MtGox\'s civil rehabilitation. For many of us, this is the final point of involvement in the proceedings.\n\nAs is such, this subreddit\'s primary purpose of providing community support and resources will become suddenly dated. The mod staff\'s involvement will dwindle after April 6th, and even less so after we receive our repayments. We\'d like to thank the community for its participation, and let it be known that your reach was worthwhile. Viewership metrics were launched in late November 2021 and many of our most helpful topics were seen by thousands of people.\n\nOutside of unforeseen changes in the civil rehabilitation, we believe it wise to provide one last HUB of information, organized as it might be most useful for visitors of the future. Discussions are of course still welcome, but please behave. The upvote downvote function is your friend.\n\n**Table of Contents**\n\n1. Expected timeline from April 6th onward.\n2. FAQ for the uninitiated.\n3. Links of importance and historical record.\n\n# 1. Expected timeline from April 6th onward.\n\nGranted there are no further extensions, repayments for creditors selecting the Early Lump Sum Payment option and the Intermediate Payment portion of the Final Payment option are expected to be fulfilled between April 6th and October 31st 2023.\n\nOther than this repayment window, there are few details to further elucidate the repayment process. Worth noting, there is a table within the System that appears as if it will be filled in once a claim has some repayment status to report. Creditors should be mindful of any changes within the System, their contact e-mail for any additional instructions from the trustee, as well as account balances registered to receive such repayments.\n\nThe next noteworthy date is the resolution of any lawsuits and appeals involving MtGox, specifically that of Coinlab\'s disputed 1.7 trillion yen (16 billion USD) claim. A memo from a legal opinion of those adjacent to this has estimated this resolution could take 5 to 9 years.\n\nWhile additional payments toward the Final Payment option are possible, creditors selecting this repayment option can at this time only expect the remainder of their payment sometime after the resolution of this claim.\n\n# 2. FAQ for the uninitiated.\n\nWe understand it\'s possible that former users of MtGox who have failed to act on the proceedings before the deadline may happen upon this subreddit seeking clarity.\n\nAs far back as 2014, inclusion as a creditor in the MtGox bankruptcy has been the responsibility of each MtGox user. In August 2021, an attempt to include any remaining creditors was made by alerting email addresses associated with MtGox accounts. "Zombie" claims were even self-approved insofar as the trustee was aware of any balance bearing MtGox account, under special rules for if their rightful owner stepped forward. Having now passed the deadline for making registrations for a repayment, it is unlikely the uninitiated have any avenue for inclusion in the repayments process.\n\nThis subreddit is a community of users simply sharing information, and complaining about how unfair something is serves no purpose. That being said, the uninitiated should seek official word from [[email protected]](mailto:[email protected]) or by calling \\+81 3-4588-3922\u202c Monday through Friday (excluding Japanese holidays) 1 p.m. to 10 p.m. (Japan time).\n\n# 3. Links of importance and historical record.\n\nMtGox website bulletin and System access - [https://www.mtgox.com/](https://www.mtgox.com/)\n\nOfficial FAQ provided by the trustee - [https://claims.mtgox.com/faq](https://claims.mtgox.com/faq) \n\nSubreddit FAQ provided by yours truly - [link](https://www.reddit.com/r/mtgoxinsolvency/comments/ll9d6a/frequently_asked_questions_please_read_or_link/?utm_source=share&utm_medium=web2x&context=3)\n\nComplaints department - [link](https://youtu.be/dQw4w9WgXcQ)\n\n*UPDATED as of 3/3/2023 - I hope everyone is as glad as I am to be sailing on the horizon of this ordeal. For many of us bitcoin was a low-barrier entry to becoming masters of our own financial future. We were robbed. Even if just for one person, I\'m glad to have been in a position to help. I won\'t have computer access for a while. Times are going to be tricky for me until I get my payment, so I hope everyone can get what they need from the community and the FAQs and so forth. Cheers - ValdemarrPlanB*', 'https://www.reddit.com/r/mtgoxinsolvency/comments/11h05g8/moving_forward_state_of_the_sub/', '11h05g8', [['u/paullove89', 22, '2023-03-03 14:13', 'https://www.reddit.com/r/mtgoxinsolvency/comments/11h05g8/moving_forward_state_of_the_sub/ja...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["It was thesecond consecutive weekof straight losses for leading cryptocurrencies.\nThe start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.\nThe pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.\nBitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.\nSeveral leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.\nSolana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.\nAfter posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.\nThere were no significant gains among any of the leading cryptocurrencies this week.\nThere was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”\nFrance’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.\nStateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.\nMeanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the second consecutive week of straight losses for leading cryptocurrencies. The start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not. The pullback this week appeared to be a reaction to news that crypto bank Silvergate delayed filing its annual 10-K report with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday. Coinbase , Tether , and a plethora of other crypto companies were quick to cut their ties to the beleaguered crypto bank. Bitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data by CoinGecko . Several leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89. Solana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite a mysterious outage this week that took the network offline for 20 hours. The Solana Foundation is currently investigating the incident. After posting some blistering gains two weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05. There were no significant gains among any of the leading cryptocurrencies this week. Regulators tighten screws There was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be taken off the table .” Story continues France’s National Assembly voted on Tuesday to adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law. Stateside on Monday, Coinbase announced it was delisting BUSD , a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SEC accuses Paxos of violating investor protection laws. Meanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announced on Tuesday that it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "It was thesecond consecutive weekof straight losses for leading cryptocurrencies.\nThe start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.\nThe pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.\nBitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.\nSeveral leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.\nSolana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.\nAfter posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.\nThere were no significant gains among any of the leading cryptocurrencies this week.\nThere was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”\nFrance’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.\nStateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.\nMeanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "Ordinal Doge combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.\nONTARIO, CANADA, March 04, 2023 (GLOBE NEWSWIRE) -- Every day in the crypto sector is marked by the advent of innovation. A recent innovation that has taken the crypto sphere by storm is the ‘Ordinals’. Within months of its inception, this unique invention has managed to allure a plethora of investors.\nIn January 2023, a renowned software engineer, Casey Rodarmor revived the lost glory of Bitcoin when he deployed the Ordinals Protocol on the Bitcoin Network. With this protocol, users can now create Non-fungible tokens (NFTs) on the platform. In simple words, Ordinals can be called ‘Bitcoin NFTs’.\nOrdinal Dogecoin, the first-ever real memecoin on the Bitcoin blockchain, is pleased to announce to the oDOGE community that$oDOGE Emblem Vaulthas successfully acquiredOrdinal Inscription #5768, the true first-ever DOGE on Bitcoin, in an OTC trade for the value of 10BTC in $oDOGE tokens, facilitated by a well-known Bitcoin OG and OTC intermediary.\nThe acquisition, which is the second-highest Ordinal sale to date, solidifies the $oDOGE token's place in Bitcoin blockchain and memecoin history and is expected to fuel its growth and popularity in the coming months, forever marking a new era of Bitcoin meme culture.\nOrdinal Inscription #5768, the first DOGE Ordinal EVER (as well as an extremely low mint Ordinal)\nOrdinal Inscription #5768 will be held forever at theEmblem Vault addresswith the$oDOGE Logo Ordinal.\nWhat does this mean for $oDOGE?\nWith the latest breakthrough, Ordinal Technology is expected to gain greater traction in the blockchain community, and $oDOGE is leading the way as a distinctive feature coin that is safe for mining, much like other well-known cryptocurrencies from JPEGs on Bitcoin and memecoin on Bitcoin Original. The blockchain compensates miners for their efforts by generating new Dogecoin each day.\nThe acquisition of the first ever DOGE ordinal for 10BTC by $oDOGE is a significant milestone in the development of the crypto sphere. It solidifies $oDOGE's place in Bitcoin and meme coin history, and the team behind the token is committed to continuing to innovate and provide new features that meet the needs of its growing community.\nA Quick Overview of oDOGE\nThe Ordinals Protocol, which was recently deployed on the Bitcoin Network, allows users to create non-fungible tokens (NFTs) on the platform. With the Ordinals Protocol, the $oDOGE token combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.\nThe $oDOGE token has been fully fractionalized, wrapped, and integrated as an ERC-721 or ERC-20 token, allowing dApps and DEXes on ETH Miannet to interact with the original $oDOGE.\nMoreover, Ordinal $oDOGE tokenomics is used to provide the token for tax and start liquidity. The token supply consists of 1,000,000,000,000,000 $oDOGand the users will pay a 0% tax while buying or selling $oDOGE.\nIn a quick recap of the first 5 days of oDOGE’s launch, 50% of the supply has been burnt, and 15 ETH in BURNED LP. $oDOGE saw a total of $30 million+ daily volume, with the total number of $oDOGE holders reaching 1,020.\noDODE has been gaining huge support from Bitcoin OGs, Memecoin OGs, and several blockchain influencers, and the oDOGE community is growing every day. Furthermore, with upcoming partnerships and marketing plans in the pipeline, oDOGE is set to reach newer heights in the coming weeks.\nAbout the Project - Ordinal Dogecoin\nOrdinal Dogecoin is a newly designed original memecoin created by combining ordinal and smart contracts on Ethereum. The ordinal technology unlocked the true potential of the Bitcoin Network in the way of $oDOGE. The $oDOGE is gaining popularity because of its unique features and secure transaction. It is designed by combining ordinal and smart contracts on Ethereum, which is entirely facilitated on the Bitcoin Blockchain.\nFurthermore, potential investors and cryptocurrency enthusiasts interested in Ordinal Dogecoin can visit the project’sofficial websiteor check out their social platforms for more details.\nWebsite|Twitter|Telegram|Medium|Uniswap|DEXTools Chart\nDisclaimer:\nThe information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.\nCONTACT: Jonathan O’Doge Ordinal Dogecoin hello at odoge.co", "Ordinal Doge combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.\nONTARIO, CANADA, March 04, 2023 (GLOBE NEWSWIRE) -- Every day in the crypto sector is marked by the advent of innovation. A recent innovation that has taken the crypto sphere by storm is the ‘Ordinals’. Within months of its inception, this unique invention has managed to allure a plethora of investors.\nIn January 2023, a renowned software engineer, Casey Rodarmor revived the lost glory of Bitcoin when he deployed the Ordinals Protocol on the Bitcoin Network. With this protocol, users can now create Non-fungible tokens (NFTs) on the platform. In simple words, Ordinals can be called ‘Bitcoin NFTs’.\nOrdinal Dogecoin, the first-ever real memecoin on the Bitcoin blockchain, is pleased to announce to the oDOGE community that$oDOGE Emblem Vaulthas successfully acquiredOrdinal Inscription #5768, the true first-ever DOGE on Bitcoin, in an OTC trade for the value of 10BTC in $oDOGE tokens, facilitated by a well-known Bitcoin OG and OTC intermediary.\nThe acquisition, which is the second-highest Ordinal sale to date, solidifies the $oDOGE token's place in Bitcoin blockchain and memecoin history and is expected to fuel its growth and popularity in the coming months, forever marking a new era of Bitcoin meme culture.\nOrdinal Inscription #5768, the first DOGE Ordinal EVER (as well as an extremely low mint Ordinal)\nOrdinal Inscription #5768 will be held forever at theEmblem Vault addresswith the$oDOGE Logo Ordinal.\nWhat does this mean for $oDOGE?\nWith the latest breakthrough, Ordinal Technology is expected to gain greater traction in the blockchain community, and $oDOGE is leading the way as a distinctive feature coin that is safe for mining, much like other well-known cryptocurrencies from JPEGs on Bitcoin and memecoin on Bitcoin Original. The blockchain compensates miners for their efforts by generating new Dogecoin each day.\nThe acquisition of the first ever DOGE ordinal for 10BTC by $oDOGE is a significant milestone in the development of the crypto sphere. It solidifies $oDOGE's place in Bitcoin and meme coin history, and the team behind the token is committed to continuing to innovate and provide new features that meet the needs of its growing community.\nA Quick Overview of oDOGE\nThe Ordinals Protocol, which was recently deployed on the Bitcoin Network, allows users to create non-fungible tokens (NFTs) on the platform. With the Ordinals Protocol, the $oDOGE token combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.\nThe $oDOGE token has been fully fractionalized, wrapped, and integrated as an ERC-721 or ERC-20 token, allowing dApps and DEXes on ETH Miannet to interact with the original $oDOGE.\nMoreover, Ordinal $oDOGE tokenomics is used to provide the token for tax and start liquidity. The token supply consists of 1,000,000,000,000,000 $oDOGand the users will pay a 0% tax while buying or selling $oDOGE.\nIn a quick recap of the first 5 days of oDOGE’s launch, 50% of the supply has been burnt, and 15 ETH in BURNED LP. $oDOGE saw a total of $30 million+ daily volume, with the total number of $oDOGE holders reaching 1,020.\noDODE has been gaining huge support from Bitcoin OGs, Memecoin OGs, and several blockchain influencers, and the oDOGE community is growing every day. Furthermore, with upcoming partnerships and marketing plans in the pipeline, oDOGE is set to reach newer heights in the coming weeks.\nAbout the Project - Ordinal Dogecoin\nOrdinal Dogecoin is a newly designed original memecoin created by combining ordinal and smart contracts on Ethereum. The ordinal technology unlocked the true potential of the Bitcoin Network in the way of $oDOGE. The $oDOGE is gaining popularity because of its unique features and secure transaction. It is designed by combining ordinal and smart contracts on Ethereum, which is entirely facilitated on the Bitcoin Blockchain.\nFurthermore, potential investors and cryptocurrency enthusiasts interested in Ordinal Dogecoin can visit the project’sofficial websiteor check out their social platforms for more details.\nWebsite|Twitter|Telegram|Medium|Uniswap|DEXTools Chart\nDisclaimer:\nThe information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.\nCONTACT: Jonathan O’Doge Ordinal Dogecoin hello at odoge.co", "Ordinal Dogecoin Ordinal Doge combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere. ONTARIO, CANADA, March 04, 2023 (GLOBE NEWSWIRE) -- Every day in the crypto sector is marked by the advent of innovation. A recent innovation that has taken the crypto sphere by storm is the ‘Ordinals’. Within months of its inception, this unique invention has managed to allure a plethora of investors. In January 2023, a renowned software engineer, Casey Rodarmor revived the lost glory of Bitcoin when he deployed the Ordinals Protocol on the Bitcoin Network. With this protocol, users can now create Non-fungible tokens (NFTs) on the platform. In simple words, Ordinals can be called ‘Bitcoin NFTs’. Ordinal Dogecoin, the first-ever real memecoin on the Bitcoin blockchain, is pleased to announce to the oDOGE community that $oDOGE Emblem Vault has successfully acquired Ordinal Inscription #5768 , the true first-ever DOGE on Bitcoin, in an OTC trade for the value of 10BTC in $oDOGE tokens, facilitated by a well-known Bitcoin OG and OTC intermediary. The acquisition, which is the second-highest Ordinal sale to date, solidifies the $oDOGE token's place in Bitcoin blockchain and memecoin history and is expected to fuel its growth and popularity in the coming months, forever marking a new era of Bitcoin meme culture. Ordinal Inscription #5768, the first DOGE Ordinal EVER (as well as an extremely low mint Ordinal) Ordinal Inscription #5768 will be held forever at the Emblem Vault address with the $oDOGE Logo Ordinal . What does this mean for $oDOGE? With the latest breakthrough, Ordinal Technology is expected to gain greater traction in the blockchain community, and $oDOGE is leading the way as a distinctive feature coin that is safe for mining, much like other well-known cryptocurrencies from JPEGs on Bitcoin and memecoin on Bitcoin Original. The blockchain compensates miners for their efforts by generating new Dogecoin each day. Story continues The acquisition of the first ever DOGE ordinal for 10BTC by $oDOGE is a significant milestone in the development of the crypto sphere. It solidifies $oDOGE's place in Bitcoin and meme coin history, and the team behind the token is committed to continuing to innovate and provide new features that meet the needs of its growing community. A Quick Overview of oDOGE The Ordinals Protocol, which was recently deployed on the Bitcoin Network, allows users to create non-fungible tokens (NFTs) on the platform. With the Ordinals Protocol, the $oDOGE token combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere. The $oDOGE token has been fully fractionalized, wrapped, and integrated as an ERC-721 or ERC-20 token, allowing dApps and DEXes on ETH Miannet to interact with the original $oDOGE. Moreover, Ordinal $oDOGE tokenomics is used to provide the token for tax and start liquidity. The token supply consists of 1,000,000,000,000,000 $oDOGand the users will pay a 0% tax while buying or selling $oDOGE. In a quick recap of the first 5 days of oDOGE’s launch, 50% of the supply has been burnt, and 15 ETH in BURNED LP. $oDOGE saw a total of $30 million+ daily volume, with the total number of $oDOGE holders reaching 1,020. oDODE has been gaining huge support from Bitcoin OGs, Memecoin OGs, and several blockchain influencers, and the oDOGE community is growing every day. Furthermore, with upcoming partnerships and marketing plans in the pipeline, oDOGE is set to reach newer heights in the coming weeks. About the Project - Ordinal Dogecoin Ordinal Dogecoin is a newly designed original memecoin created by combining ordinal and smart contracts on Ethereum. The ordinal technology unlocked the true potential of the Bitcoin Network in the way of $oDOGE. The $oDOGE is gaining popularity because of its unique features and secure transaction. It is designed by combining ordinal and smart contracts on Ethereum, which is entirely facilitated on the Bitcoin Blockchain. Furthermore, potential investors and cryptocurrency enthusiasts interested in Ordinal Dogecoin can visit the project’s official website or check out their social platforms for more details. Website | Twitter | Telegram | Medium | Uniswap | DEXTools Chart Disclaimer: The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency. CONTACT: Jonathan O’Doge Ordinal Dogecoin hello at odoge.co", 'When Russia invaded Ukraine in February 2022, the crypto community mobilized to donate funds to the Ukraine Government and NGOs operating in the region. With millions of dollars in cryptocurrency coming in from around the world, the uncensorable nature of Bitcoin, Ethereum, and others proved critical to providing aid where needed. But while the mainstream media continues to focus on Ukraine, several crypto projects and DAOs have turned their attention to providing aid to earthquake-torn Turkey and Syria. Launched in 2019, Endaoment is a 503c non-profit organization that aims to encourage and manage cryptocurrency\x92s charitable giving. Last month, after several massive earthquakes hit Turkey and Syria, crypto donations began pouring into the region. \x93This is a community that is very rights and sovereignty focused, so it was very easy for them to grasp and feel empowered to be an activist about the invasion of Ukraine by Russia,\x94 Endaoment President and CEO Robbie Heeger told Decrypt at ETH Denver. \x93In the case of the [Turkey and Syria] earthquakes, also a terrible tragedy, but a natural one, we\x92re seeing great donation activity\x97but not at the same scale as when Russia invaded Ukraine,\x94 he said. Heeger added that many still donate to traditional disaster relief efforts to help. Millions in Crypto Donations Pour Into Turkey Following Devastating Earthquakes Like Ukraine DAO before, Turkey Relief DAO was launched after the earthquake in Turkey to raise funds to send to government agencies and NGOs operating inside the disaster area. Turkey Relief DAO aims to raise awareness of the organizations working to help those affected by the earthquakes. \x93I\x92ve been very close to the earthquake in [Turkey] 1999, so I know what hardship is going on right now on the ground,\x94 Turkey Relief DAO founding member and co-founder of Huma Finance Erbil Karaman told Decrypt at ETH Denver. \x93Fundraising efforts have been hard because the media lose attention immediately\x97we don\x92t see it anywhere anymore.\x94 Story continues Karaman says Turkey Relief DAO works with the Turkey government and NGOs to set up wallets on 18 chains to collect donations and send them where needed. Ethereum Beats Bitcoin as Most Donated Cryptocurrency in 2021: The Giving Block \x93There have to be more efforts coming into rebuilding all these cities and these people\x92s lives for the next year or two,\x94 Karaman said. In February, Huma Finance, the project co-founded by Karaman, raised $8.3 million in funding after winning an award at ETH Denver 2022 on the conference\x92s decentralized finance track. \x93We\x92ve been so fortunate because of our success,\x94 Karaman said. \x93We\x92ve had insane support from the Ethereum and surrounding communities. Companies joining in the raise include Circle Ventures, Race Capital, Request Network, and Superfluid.', 'When Russia invaded Ukraine in February 2022, the crypto community mobilized to donate funds to the Ukraine Government and NGOs operating in the region. With millions of dollars in cryptocurrency coming in from around the world, the uncensorable nature of Bitcoin, Ethereum, and others proved critical to providing aid where needed.\nBut while the mainstream media continues to focus on Ukraine, several crypto projects and DAOs have turned their attention toproviding aidto earthquake-torn Turkey and Syria.\nLaunched in 2019, Endaoment is a 503c non-profit organization that aims to encourage and manage cryptocurrency’s charitable giving. Last month, after several massive earthquakes hit Turkey and Syria, crypto donations began pouring into the region.\n“This is a community that is very rights and sovereignty focused, so it was very easy for them to grasp and feel empowered to be an activist about the invasion of Ukraine by Russia,” Endaoment President and CEO Robbie Heeger toldDecryptat ETH Denver. “In the case of the [Turkey and Syria] earthquakes, also a terrible tragedy, but a natural one, we’re seeing great donation activity—but not at the same scale as when Russia invaded Ukraine,” he said.\nHeeger added that many still donate to traditional disaster relief efforts to help.\nMillions in Crypto Donations Pour Into Turkey Following Devastating Earthquakes\nLike Ukraine DAO before, Turkey Relief DAO was launched after the earthquake in Turkey to raise funds to send to government agencies and NGOs operating inside the disaster area. Turkey Relief DAO aims to raise awareness of the organizations working to help those affected by the earthquakes.\n“I’ve been very close to the earthquake in [Turkey] 1999, so I know what hardship is going on right now on the ground,” Turkey Relief DAO founding member and co-founder of Huma Finance Erbil Karaman toldDecryptat ETH Denver. “Fundraising efforts have been hard because the media lose attention immediately—we don’t see it anywhere anymore.”\nKaraman says Turkey Relief DAO works with the Turkey government and NGOs to set up wallets on 18 chains to collect donations and send them where needed.\nEthereum Beats Bitcoin as Most Donated Cryptocurrency in 2021: The Giving Block\n“There have to be more efforts coming into rebuilding all these cities and these people’s lives for the next year or two,” Karaman said.\nIn February, Huma Finance, the project co-founded by Karaman, raised $8.3 million in funding after winning an award at ETH Denver 2022 on the conference’s decentralized finance track.\n“We’ve been so fortunate because of our success,” Karaman said. “We’ve had insane support from the Ethereum and surrounding communities. Companies joining in the raise include Circle Ventures, Race Capital, Request Network, and Superfluid.']...
**Last 60 Days of Bitcoin's Closing Prices:**
[16679.86, 16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-04
**Financial & Commodity Data:**
- Gold Closing Price: $1847.70
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $431,587,532,812
- Hash Rate: 325313166.92777824
- Transaction Count: 306300.0
- Unique Addresses: 678996.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • JPMorgan CEO Jamie Dimon slammed bitcoin as a "hyped-up fraud" speaking in an interview at Davos.
• Dimon, a vocal crypto skeptic, has pointed to illegal activity in the industry to make his points in the past.
• He also warned that war between Russia and Ukraine is the biggest threat to the global economy.
JPMorgan CEO Jamie Dimon said bitcoin is a fraud, repeating his criticism of the world's largest cryptocurrency amid the market's struggles after the FTX collapse. The banking exec also delivered an ominous warning for the world economy as it nears the one-year mark since Russia's invasion of Ukraine.
Dimon has been aloud skepticof crypto, blasting the industry as a "complete sideshow" after the collapse of FTX,Sam Bankman-Fried'sfailed crypto exchange. That's because crypto tokens are often tied to criminal activity, Dimon said, though his views of the underlying blockchain technology are more favorable.
"I think all that is a waste of time, and why you guys waste any breath on it is beyond me," Dimon said in an interview with CNBC on Thursday. "Bitcoin itself is a hyped-up fraud. It's a pet rock," he said.
Dimon hit back at claims that tokens like bitcoin have built in scarcity that prevents it from being devalued, with just 21 million of the coins in existence. Those arguments are "totally untrue," Dimon said.
"How do you know it's going to stop at 21 million? Everyone says that. Well maybe it's going to get to 21 million and Satoshi's picture is going to come up and laugh at you all," he added.
Dimon also gave a bearish prediction for the US economy this year, with inflation still well-above the Fed's 2% target and interest rates expected to rise past 5%, which market commentators have warnedcould spark a recession. He added that one of the biggest problems facing the global economy is the war between Russia and Ukraine, a conflictthat's disrupted supply chainsand spiked energy prices around the world.
"The real issue for the world is Russia, war, Ukraine, energy, trade, and that is serious. And that's still out there. Hopefully it will mitigate and go away, but it may not," he said. "The only thing that matters for the future of the world is how this thing plays out."
As for signs of bullishness investors have been showing since the start of the year, Dimon isn't convinced a lasting rally is here. "Markets have always been wrong," Dimon warned.
Dimon previously forecasted amild recessionto hit the US this year andstocks to drop 20%,though he said his team was preparing for a more severe downturn. He added that the Fed would likely need to continue its aggressive policy to sufficiently rein in inflation,predicting interest rates would push past 6%.
Read the original article onBusiness Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Once a crucial banking partner for the crypto firms, Silvergate Capital (SI), is nowon the cusp of failure.\nThe La Jolla, California-based company said Friday evening that it\'s suspending its Silvergate Exchange Network (SEN) but “other deposit-related services remain operational.”\nThe announcement came about an hour after Moody’s downgraded Silvergate’s bank deposit rating from Ba3 to Caa1, a blow that judges the bank\'s obligations to be subject to very high credit risk.\nIn November, Silvergate faced both financial losses and regulatory probes largely due to the collapse of significant clientssuch as FTX and related hedge fund Alameda Research.\nSilvergate’s stock, which plummetedThursdayand Friday, is down 95% over the past year.\nOn Thursday, theCalifornia state-chartered bank said it needed to further delay its annual reportand that it anticipated further losses beyond a nearly one billion drop in net losses it reported in January preliminary results for Q4.\nThe bank also cited pending regulatory investigations, lawmaker inquiries, and its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.”\nSilvergate faced a run on deposits by the crypto firms it banked including Coinbase, Paxos, Galaxy Digital and others, who made an effort todistance themselves from the troubled bank.\nIn a worst case scenario, Silvergate may file for bankruptcy.\nMore likely, the FDIC-insured bank, Silvergate Bank, could go intoreceivership.\nNot unlike bankruptcy, receivership acts as a “protective umbrella” where a “receiver” or trustee is appointed to take over the business with the ultimate goal of protecting creditors — especially those with secured loans.\nUnlike bankruptcy, receivership is not a legal action and it\'s geared to protecting a company’s lenders instead of borrowers (as is the case in bankruptcy).\nJesse Austin, a former partner with King & Spaulding’s bankruptcy practice, explained that in this instance the decision and execution for receivership will be made by two banking regulators - the Federal Deposit Insurance Corporation (FDIC) or California\'s Department of Financial Protection and Innovation (DFPI) - who could declare Silvergate Bank inadequately capitalized.\n“If California\'s baking regulator or the FDIC finds Silvergate under-capitalized, the FDIC will then come in and close down the bank,” Austin told Yahoo Finance.\nThough bankruptcy code specifically prevents a bank from filing for chapter 11 or chapter 7 bankruptcy, Austin said that Silvergate’s holding company, Silvergate Capital, could still file for bankruptcy — especially if it has other valuable assets besides customer deposits.\nAlong with Silvergate’s SEN network, the company also owns stablecoin assetspurchasedfrom Meta’s shuttered stablecoin project, Diem, in January of last year for 1.2 million shares and $50 million in cash.\nThe crypto-friendly bank\'s troubles follow joint statements fromJanuaryandFebruaryissued by the Federal Reserve with FDIC and OCC that warned of the volatility risks of banks that catered to crypto clients assume.\nIn light of Silvergate\'s position, the statements raise further questions whether U.S. banks will become "a lot more gun shy" to the digital asset industry, constraining access for crypto firms, according to a banking industry source familiar with Silvergate\'s capitalization.\n"On the one hand, if crypto is going to be out there and Americans are putting their dollars into it, don\'t you really want those dollars to be held in U.S. versus foreign banks?" this person, who requested anonymity to speak freely about Silvergate, told Yahoo Finance. "Maybe it\'s not that if you\'re a bank you can\'t take those types of deposits, but you need to limit them by proportion on your balance sheet."\nSilvergate became a regional bank in 1996, but it wasn’t until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like thenow-bankrupt Genesis.\nThe company carved out a niche for itself by giving banking access to a growing number of crypto startups, and the bank\'s offerings evolved into a formalized payments platform known as the Silvergate Exchange Network, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours.\nSilvergate held $1.8 billion in total deposits and $2 billion in assets at the end of its 2018 fourth quarter. By crypto\'s peak in 2021, its total deposits and assets had risen to $14.3 billion and $16 billion, respectively.\nFollowing the bankruptcy of crypto exchange FTX, Silvergate\'s total deposits and assets fell to $6.2 billion and $11.3 billion by the end of last year\'s fourth quarter.\nWith that drop in deposits, Silvergate’s capital relative to its assets shrank by half. This leverage ratio fell from 10.7% in its third quarter to 5.3%, a level of specific concern for banks with regulators having reason to step in for any U.S. bank below 5%.\n"The difficulty here is that Silvergate was not a huge bank," the banking industry source told Yahoo Finance. "They strategically grew their deposits by working with crypto companies, but their crypto deposits became much larger than the rest of their business."\nDavid is a reporter for Yahoo Finance. Follow him on Twitter@DSHollers\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance', 'Once a crucial banking partner for the crypto firms, Silvergate Capital ( SI ), is now on the cusp of failure . The La Jolla, California-based company said Friday evening that it\'s suspending its Silvergate Exchange Network (SEN) but “other deposit-related services remain operational.” The announcement came about an hour after Moody’s downgraded Silvergate’s bank deposit rating from Ba3 to Caa1, a blow that judges the bank\'s obligations to be subject to very high credit risk. In November, Silvergate faced both financial losses and regulatory probes largely due to the collapse of significant clients such as FTX and related hedge fund Alameda Research . Silvergate’s stock, which plummeted Thursday and Friday, is down 95% over the past year. On Thursday, the California state-chartered bank said it needed to further delay its annual report and that it anticipated further losses beyond a nearly one billion drop in net losses it reported in January preliminary results for Q4. The bank also cited pending regulatory investigations, lawmaker inquiries, and its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.” Silvergate faced a run on deposits by the crypto firms it banked including Coinbase, Paxos, Galaxy Digital and others, who made an effort to distance themselves from the troubled bank . What happens next? In a worst case scenario, Silvergate may file for bankruptcy. More likely, the FDIC-insured bank, Silvergate Bank, could go into receivership . Not unlike bankruptcy, receivership acts as a “protective umbrella” where a “receiver” or trustee is appointed to take over the business with the ultimate goal of protecting creditors — especially those with secured loans. Unlike bankruptcy, receivership is not a legal action and it\'s geared to protecting a company’s lenders instead of borrowers (as is the case in bankruptcy). Jesse Austin, a former partner with King & Spaulding’s bankruptcy practice, explained that in this instance the decision and execution for receivership will be made by two banking regulators - the Federal Deposit Insurance Corporation (FDIC) or California\'s Department of Financial Protection and Innovation (DFPI) - who could declare Silvergate Bank inadequately capitalized. Story continues “If California\'s baking regulator or the FDIC finds Silvergate under-capitalized, the FDIC will then come in and close down the bank,” Austin told Yahoo Finance. Though bankruptcy code specifically prevents a bank from filing for chapter 11 or chapter 7 bankruptcy, Austin said that Silvergate’s holding company, Silvergate Capital, could still file for bankruptcy — especially if it has other valuable assets besides customer deposits. Along with Silvergate’s SEN network, the company also owns stablecoin assets purchased from Meta’s shuttered stablecoin project, Diem, in January of last year for 1.2 million shares and $50 million in cash. The crypto-friendly bank\'s troubles follow joint statements from January and February issued by the Federal Reserve with FDIC and OCC that warned of the volatility risks of banks that catered to crypto clients assume. In light of Silvergate\'s position, the statements raise further questions whether U.S. banks will become "a lot more gun shy" to the digital asset industry, constraining access for crypto firms, according to a banking industry source familiar with Silvergate\'s capitalization. "On the one hand, if crypto is going to be out there and Americans are putting their dollars into it, don\'t you really want those dollars to be held in U.S. versus foreign banks?" this person, who requested anonymity to speak freely about Silvergate, told Yahoo Finance. "Maybe it\'s not that if you\'re a bank you can\'t take those types of deposits, but you need to limit them by proportion on your balance sheet." How Silvergate reached the brink Silvergate became a regional bank in 1996, but it wasn’t until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like the now-bankrupt Genesis . The company carved out a niche for itself by giving banking access to a growing number of crypto startups, and the bank\'s offerings evolved into a formalized payments platform known as the Silvergate Exchange Network, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours. Silvergate held $1.8 billion in total deposits and $2 billion in assets at the end of its 2018 fourth quarter. By crypto\'s peak in 2021, its total deposits and assets had risen to $14.3 billion and $16 billion, respectively. Silvergate\'s logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on January 29, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) (NurPhoto via Getty Images) Following the bankruptcy of crypto exchange FTX, Silvergate\'s total deposits and assets fell to $6.2 billion and $11.3 billion by the end of last year\'s fourth quarter. With that drop in deposits, Silvergate’s capital relative to its assets shrank by half. This leverage ratio fell from 10.7% in its third quarter to 5.3%, a level of specific concern for banks with regulators having reason to step in for any U.S. bank below 5%. "The difficulty here is that Silvergate was not a huge bank," the banking industry source told Yahoo Finance. "They strategically grew their deposits by working with crypto companies, but their crypto deposits became much larger than the rest of their business." David is a reporter for Yahoo Finance. Follow him on Twitter @DSHollers Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance', 'Illustration by Mitchell Preffer for Decrypt Even though it was the first two consecutive weeks of losses this year, Crypto Twitter was largely unfazed. Instead, a host of other topics took center stage this week. On Monday, a crypto-savvy lawyer who tweets under the handle @MetaLawMan took aim at Securities and Exchange Commission (SEC) chair Gary Gensler for his agency’s opaque approach to crypto and for the SEC’s belligerent regulation-by-enforcement strategy. Three tweets into his thread he summarized the salient points of his criticism of Gensler. 4/ Given the pattern we have seen under the Gensler administration, Gary will let all of us know when the SEC has made up its mind about Ether--by suing somebody for issuing or trading Ether. — MetaLawMan (@MetaLawMan) February 27, 2023 The SEC made the rounds again later that day on Legal Twitter when lawyer Lisa Rubin commented on the agency’s lawsuit against Terraform Labs, the company that created the collapsed algorithmic stablecoin UST. Later in the thread, Rubin tweeted : “The strangest argument is that UST is a security because it can be traded for other securities. Remember, these are just allegations, a court has not ruled on these claims.” Here’s why the SEC claims that the UST stablecoin is a security. This month the SEC charged Terraform and Do Kwon for defrauding investors in connection with Terra’s algorithmic stablecoin. 🧵 pic.twitter.com/tS0VmYlCjs — Lisa Rubin (@lisaerubin) February 27, 2023 The following day, crypto sleuth @ZachXBT tweeted news of a multimillion-dollar heist on Algorand. I haven’t seen many posts about this on CT yet but it’s suspected over $9.2m (19.5M ALGO, 3.5m USDC, etc) has been stolen on Algorand as a result of this attack from Feb 19th to 21st. ChangeNow shared they were able to freeze $1.5m. https://t.co/BPCXTUD57n pic.twitter.com/A3t7Ss0e83 — ZachXBT (@zachxbt) February 28, 2023 That same day, @ZachXBT replied to a multi-tweet thread by blockchain researcher Ivor Igamberdiev that accused trading firm Jane Street Group of having a massive hand in the collapse of UST. The blockchain detective concurred and shared a screengrab in which he appears to have messaged Terra CEO Do Kwon around the time of UST’s collapse arguing that Jane Street Group’s trading contributed to the spectacular depeg. Story continues real pic.twitter.com/Pfcw05dKIN — ZachXBT (@zachxbt) February 28, 2023 Popular crypto exchange Coinbase that day announced a new political crypto lobbying initiative called “Crypto 453” which aims to guide policymakers toward drafting pro-crypto policies if and when they do start formulating comprehensive crypto legislation. 1/ It’s time to advance pro-crypto policy in all 435 Congressional Districts across the U.S. Introducing #Crypto435 , our campaign to grow the crypto advocacy community and share tools and resources to make your voice heard. Become an advocate today 👇 https://t.co/TPJhtoP9eC — Coinbase (@coinbase) February 28, 2023 NFT collection Bitcoin Punks posted mammoth volumes on Tuesday, according to NFTstatistics.eth. Quietly, Bitcoin Punks just did 1000 ETH of volume in one day... and it wasn\'t even eligible for airdrop farming. pic.twitter.com/SRWBnRjVu5 — NFTstatistics.eth (@punk9059) February 28, 2023 Dogecoin creator Billy Markson—who is a fervent no-coiner —jumped on a thread started by MicroStrategy chairman/Bitcoin bull Michael Saylor to argue that if Bitcoin isn’t a security, then Dogecoin isn’t either. the amusing thing about this based cal statement is dogecoin (the OG shitcoin) was made for lulz with no premine, no sales, and no one controlling it so if bitcoin isn’t a security than dogecoin shouldn’t be either — Shibetoshi Nakamoto (@BillyM2k) February 27, 2023 Also that day, Visa’s head of crypto Cuy Sheffield took umbrage with a Reuters article saying that the payments giant was halting its crypto drive. Sheffield argued that however the industry evolves, blockchain will certainly have a space in the next generation of commercial fintech. 3/ Despite the challenges and uncertainty in the crypto ecosystem, our view has not changed that fiat backed digital currencies running on public blockchains have the potential to play an important role in the payments ecosystem — Cuy Sheffield (@cuysheffield) February 28, 2023 On Thursday, John Rising, co-founder of the open-source user-friendly blockchain developer toolkit Stackup enthused about the user-friendliness of the latest Ethereum Improvement Proposal. Part of its genius is that it doesn\'t require the blockchain itself to do anything. Instead it uses higher level infrastructure, so it works on any EVM chain TODAY. — John Rising (@johnrising_) March 2, 2023 Finally, Tesla/SpaceX/Twitter CEO and Bitcoin/Dogecoin investor Elon Musk appeared to have grown cold towards crypto. “I used to be in crypto, but now I got interested in AI" — Elon Musk (@elonmusk) March 3, 2023 Pssh! Musk was into AI long before he was into crypto.', 'Illustration by Mitchell Preffer for Decrypt Even though it was the first two consecutive weeks of losses this year, Crypto Twitter was largely unfazed. Instead, a host of other topics took center stage this week. On Monday, a crypto-savvy lawyer who tweets under the handle @MetaLawMan took aim at Securities and Exchange Commission (SEC) chair Gary Gensler for his agency’s opaque approach to crypto and for the SEC’s belligerent regulation-by-enforcement strategy. Three tweets into his thread he summarized the salient points of his criticism of Gensler. 4/ Given the pattern we have seen under the Gensler administration, Gary will let all of us know when the SEC has made up its mind about Ether--by suing somebody for issuing or trading Ether. — MetaLawMan (@MetaLawMan) February 27, 2023 The SEC made the rounds again later that day on Legal Twitter when lawyer Lisa Rubin commented on the agency’s lawsuit against Terraform Labs, the company that created the collapsed algorithmic stablecoin UST. Later in the thread, Rubin tweeted : “The strangest argument is that UST is a security because it can be traded for other securities. Remember, these are just allegations, a court has not ruled on these claims.” Here’s why the SEC claims that the UST stablecoin is a security. This month the SEC charged Terraform and Do Kwon for defrauding investors in connection with Terra’s algorithmic stablecoin. 🧵 pic.twitter.com/tS0VmYlCjs — Lisa Rubin (@lisaerubin) February 27, 2023 The following day, crypto sleuth @ZachXBT tweeted news of a multimillion-dollar heist on Algorand. I haven’t seen many posts about this on CT yet but it’s suspected over $9.2m (19.5M ALGO, 3.5m USDC, etc) has been stolen on Algorand as a result of this attack from Feb 19th to 21st. ChangeNow shared they were able to freeze $1.5m. https://t.co/BPCXTUD57n pic.twitter.com/A3t7Ss0e83 — ZachXBT (@zachxbt) February 28, 2023 That same day, @ZachXBT replied to a multi-tweet thread by blockchain researcher Ivor Igamberdiev that accused trading firm Jane Street Group of having a massive hand in the collapse of UST. The blockchain detective concurred and shared a screengrab in which he appears to have messaged Terra CEO Do Kwon around the time of UST’s collapse arguing that Jane Street Group’s trading contributed to the spectacular depeg. Story continues real pic.twitter.com/Pfcw05dKIN — ZachXBT (@zachxbt) February 28, 2023 Popular crypto exchange Coinbase that day announced a new political crypto lobbying initiative called “Crypto 453” which aims to guide policymakers toward drafting pro-crypto policies if and when they do start formulating comprehensive crypto legislation. 1/ It’s time to advance pro-crypto policy in all 435 Congressional Districts across the U.S. Introducing #Crypto435 , our campaign to grow the crypto advocacy community and share tools and resources to make your voice heard. Become an advocate today 👇 https://t.co/TPJhtoP9eC — Coinbase (@coinbase) February 28, 2023 NFT collection Bitcoin Punks posted mammoth volumes on Tuesday, according to NFTstatistics.eth. Quietly, Bitcoin Punks just did 1000 ETH of volume in one day... and it wasn\'t even eligible for airdrop farming. pic.twitter.com/SRWBnRjVu5 — NFTstatistics.eth (@punk9059) February 28, 2023 Dogecoin creator Billy Markson—who is a fervent no-coiner —jumped on a thread started by MicroStrategy chairman/Bitcoin bull Michael Saylor to argue that if Bitcoin isn’t a security, then Dogecoin isn’t either. the amusing thing about this based cal statement is dogecoin (the OG shitcoin) was made for lulz with no premine, no sales, and no one controlling it so if bitcoin isn’t a security than dogecoin shouldn’t be either — Shibetoshi Nakamoto (@BillyM2k) February 27, 2023 Also that day, Visa’s head of crypto Cuy Sheffield took umbrage with a Reuters article saying that the payments giant was halting its crypto drive. Sheffield argued that however the industry evolves, blockchain will certainly have a space in the next generation of commercial fintech. 3/ Despite the challenges and uncertainty in the crypto ecosystem, our view has not changed that fiat backed digital currencies running on public blockchains have the potential to play an important role in the payments ecosystem — Cuy Sheffield (@cuysheffield) February 28, 2023 On Thursday, John Rising, co-founder of the open-source user-friendly blockchain developer toolkit Stackup enthused about the user-friendliness of the latest Ethereum Improvement Proposal. Part of its genius is that it doesn\'t require the blockchain itself to do anything. Instead it uses higher level infrastructure, so it works on any EVM chain TODAY. — John Rising (@johnrising_) March 2, 2023 Finally, Tesla/SpaceX/Twitter CEO and Bitcoin/Dogecoin investor Elon Musk appeared to have grown cold towards crypto. “I used to be in crypto, but now I got interested in AI" — Elon Musk (@elonmusk) March 3, 2023 Pssh! Musk was into AI long before he was into crypto.', "You may very well get a call in the near future from a relative in dire need of help, asking you to send them money quickly. And you might be convinced it\x92s them because, well, you know their voice. More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home How to save $750 a month, according to financial advisers The 10 best high yield savings accounts for March 2023 This is how much money you need to earn annually to comfortably buy a $600,000 home Artificial intelligence changes that. New generative A.I. tools can create all manner of output from simple text prompts, including essays written in a particular author\x92s style, images worthy of art prizes , and\x97with just a snippet of someone\x92s voice to work with\x97speech that sounds convincingly like a particular person. In January, Microsoft researchers demonstrated a text-to-speech A.I. tool that, when given just a three-second audio sample, can closely simulate a person\x92s voice. They did not share the code for others to play around with; instead, they warned that the tool, called VALL-E, \x93may carry potential risks in misuse\x85such as spoofing voice identification or impersonating a specific speaker.\x94 But similar technology is already out in the wild\x97and scammers are taking advantage of it. If they can find 30 seconds of your voice somewhere online, there\x92s a good chance they can clone it\x97and make it say anything. \x93Two years ago, even a year ago, you needed a lot of audio to clone a person\x92s voice. Now\x85if you have a Facebook page\x85or if you\x92ve recorded a TikTok and your voice is in there for 30 seconds, people can clone your voice,\x94 Hany Farid, a digital forensics professor at the University of California at Berkeley, told the Washington Post . 'The money\x92s gone' The Post reported this weekend on the peril, describing how one Canadian family fell victim to scammers using A.I. voice cloning\x97and lost thousand of dollars. Elderly parents were told by a \x93lawyer\x94 that their son had killed an American diplomat in a car accident, was in jail, and needed money for legal fees. Story continues The supposed attorney then purportedly handed the phone over to the son, who told the parents he loved and appreciated them and needed the money. The cloned voice sounded \x93close enough for my parents to truly believe they did speak with me,\x94 the son, Benjamin Perkin, told the Post . The parents sent more than $15,000 through a Bitcoin terminal to\x97well, to scammers, not to their son, as they thought. \x93The money\x92s gone,\x94 Perkin told the paper. \x93There\x92s no insurance. There\x92s no getting it back. It\x92s gone.\x94 One company that offers a generative A.I. voice tool, ElevenLabs, tweeted on Jan. 30 that it was seeing \x93an increasing number of voice cloning misuse cases.\x94 The next day, it announced the voice cloning capability would no longer be available to users of the free version of its tool VoiceLab. Fortune reached out to the company for comment but did not receive an immediate reply. \x93Almost all of the malicious content was generated by free, anonymous accounts,\x94 it wrote . \x93Additional identity verification is necessary. For this reason, VoiceLab will only be available on paid tiers.\x94 (Subscriptions start at $5 per month.) Card verification won\x92t stop every bad actor, it acknowledged, but it will make users less anonymous and \x93force them to think twice.\x94 This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year\x97all while working from home How to save $750 a month, according to financial advisers The 10 best high yield savings accounts for March 2023 This is how much money you need to earn annually to comfortably buy a $600,000 home", 'You may very well get a call in the near future from a relative in dire need of help, asking you to send them money quickly. And you might be convinced it’s them because, well, you know their voice.\nMore from Fortune:\n• 5 side hustles where you may earn over $20,000 per year—all while working from home\n• How to save $750 a month, according to financial advisers\n• The 10 best high yield savings accounts for March 2023\n• This is how much money you need to earn annually to comfortably buy a $600,000 home\nArtificial intelligence changes that. New generative A.I. tools can create all manner of output from simple text prompts, includingessayswritten in a particular author’s style, imagesworthy of art prizes, and—with just a snippet of someone’s voice to work with—speech that sounds convincingly like a particular person.\nIn January,Microsoftresearchersdemonstrateda text-to-speech A.I. tool that, when given just a three-second audio sample, can closely simulate a person’s voice. They did not share the code for others to play around with; instead, they warned that the tool, called VALL-E, “may carry potential risks in misuse…such as spoofing voice identification or impersonating a specific speaker.”\nBut similar technology is already out in the wild—and scammers are taking advantage of it. If they can find 30 seconds of your voice somewhere online, there’s a good chance they can clone it—and make it say anything.\n“Two years ago, even a year ago, you needed a lot of audio to clone a person’s voice. Now…if you have aFacebookpage…or if you’ve recorded a TikTok and your voice is in there for 30 seconds, people can clone your voice,” Hany Farid, a digital forensics professor at the University of California at Berkeley, told theWashington Post.\nThePostreported this weekendon the peril, describing how one Canadian family fell victim to scammers using A.I. voice cloning—and lost thousand of dollars. Elderly parents were told by a “lawyer” that their son had killed an American diplomat in a car accident, was in jail, and needed money for legal fees.\nThe supposed attorney then purportedly handed the phone over to the son, who told the parents he loved and appreciated them and needed the money. The cloned voice sounded “close enough for my parents to truly believe they did speak with me,” the son, Benjamin Perkin, told thePost.\nThe parents sent more than $15,000 through a Bitcoin terminal to—well, to scammers, not to their son, as they thought.\n“The money’s gone,” Perkin told the paper. “There’s no insurance. There’s no getting it back. It’s gone.”\nOne company that offers a generative A.I. voice tool, ElevenLabs,tweetedon Jan. 30 that it was seeing “an increasing number of voice cloning misuse cases.” The next day, itannouncedthe voice cloning capability would no longer be available to users of the free version of its tool VoiceLab.\nFortunereached out to the company for comment but did not receive an immediate reply.\n“Almost all of the malicious content was generated by free, anonymous accounts,” itwrote. “Additional identity verification is necessary. For this reason, VoiceLab will only be available on paid tiers.” (Subscriptions start at $5 per month.)\nCard verification won’t stop every bad actor, it acknowledged, but it will make users less anonymous and “force them to think twice.”\nThis story was originally featured onFortune.com\nMore from Fortune:\n• 5 side hustles where you may earn over $20,000 per year—all while working from home\n• How to save $750 a month, according to financial advisers\n• The 10 best high yield savings accounts for March 2023\n• This is how much money you need to earn annually to comfortably buy a $600,000 home']...
**Last 60 Days of Bitcoin's Closing Prices:**
[16863.24, 16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-05
**Financial & Commodity Data:**
- Gold Closing Price: $1847.70
- Crude Oil Closing Price: $79.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $436,238,776,181
- Hash Rate: 331733821.53819484
- Transaction Count: 286638.0
- Unique Addresses: 630099.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.47
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Madison Funds, managed by Madison Investment Management , released its “Madison Mid Cap Fund” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here . In the fourth quarter, the fund increased by 9.6% compared to a 9.2% increase in the Russell Midcap Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. Madison Funds highlighted stocks like Carlisle Companies Incorporated (NYSE: CSL ) in its Q4 2022 investor letter. Headquartered in Scottsdale, Arizona, Carlisle Companies Incorporated (NYSE:CSL) manufactures engineered products. On January 13, 2023, Carlisle Companies Incorporated (NYSE:CSL) stock closed at $239.43 per share. One-month return of Carlisle Companies Incorporated (NYSE:CSL) was 0.18%, and its shares gained 1.05% of their value over the last 52 weeks. Carlisle Companies Incorporated (NYSE:CSL) has a market capitalization of $12.382 billion. Madison Funds made the following comment about Carlisle Companies Incorporated (NYSE:CSL) in its fourth-quarter 2022 investor letter: “The bottom five detractors for the quarter were Carlisle Companies Incorporated (NYSE:CSL), Brown & Brown, Brookfield, CarMax, and Armstrong World Industries. Following robust outperformance during the first three quarters of the year, Carlisle shares took a step back this quarter as investors worried about commercial roofing demand in a potentially slowing economy." Pixabay/Public Domain Carlisle Companies Incorporated (NYSE:CSL) is not on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 41 hedge fund portfolios held Carlisle Companies Incorporated (NYSE:CSL) at the end of the third quarter, which was 31 in the previous quarter. We discussed Carlisle Companies Incorporated (NYSE:CSL) in another article and shared TimesSquare Capital's views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors. Story continues Suggested Articles: 15 Countries Where Bitcoin is Legal or Illegal 10 Stocks with Biggest Buybacks 12 Cheap Monthly Dividend Stocks To Buy Disclosure: None. This article is originally published at Insider Monkey ....
- Reddit Posts (Sample): [['u/Maleficent_Plankton', "Did you know that when transferring on Ethereum, it costs ~40% more gas to send tokens to a zero-balance account, and also 10% less gas to empty out an existing account's balance.", 86, '2023-03-05 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/', "####**TL;DR**\n\nThere is a little-known secret about Ethereum gas fees that you probably won't know unless you're an EVM dev or have studied Ethereum's [Yellow Paper](https://ethereum.github.io/yellowpaper/paper.pdf) of fee schedules.\n\n* It's **~40% more expensive** to send tokens to a zero-balance account than to positive-balance account.\n* It's also **~10% cheaper** to empty out an existing account's balance when transferring.\n\nSome exchanges like Coinbase already take advantage of this rule to save on gas fees.\n\n####**Here's why - Let's get technical:**\n\n**In Appendix G** of the [Yellow Paper](https://ethereum.github.io/yellowpaper/paper.pdf), you can find the **fee schedule**:\n\n* **Gtransaction**: 21k gas - Paid for every transaction\n* **Gnewaccount**: 25k gas - Paid for a CALL or SELFDESTRUCT operation which creates an account\n* **Gsset**: 20k gas - Paid for an SSTORE operation when the storage value is set to non-zero from zero\n* **Gsreset**: 2.9k gas - Paid for an SSTORE operation when the storage value's zeroness remains unchanged or is set to zero\n* **Rsclear**: 5k gas - Refund given (added into refund counter) when the storage value is set to zero from non-zero\n\nThus if you create a new balance, it costs ~20k gas extra. If you destroy a balance, you get a refund of 5k gas. The reason the fee schedule is set this way is to reflect the cost of storing additional account data.\n\nHere's an example of this for the CRV token:\n\n* To an old account while emptying the sending account: [29449 gas](https://etherscan.io/tx/0x10384ce3e3afe2ab00d4ea0174ed7ca8d64cd55d3f1593dec6352fe974eaffc2)\n* To a new account and NOT emptying the sending account: [51349 gas](https://etherscan.io/tx/0x69040134761c179dd4e3d54eddfbb58f09636ca0f4a3bbfac2902b5153f45a8e), a 17.1k + 4.8k = 21.9k gas increase\n\nIf you look at the GETH debug trace, the difference between sending to a zero and a non-zero account is that **SSTORE** costs **2900 to send to positive-balance accounts** and **20000 to zero-balance accounts**, which is a 17.1k gas difference. On top of that, emptying the account is 4.8k gas cheaper due to **Rsclear**.\n\nEvery token is different and has slightly-different gas fees. But you'll find the same differences everywhere.\n\n**Examples of sending USDC on the Goerli testnet**:\n\n* Account to non-zero account: [**48424 gas**](https://goerli.etherscan.io/tx/0xe2523bb6daeaf9e0053751ed1bc20da8d8cc8f508f3e6503baad5e2b3b22da17)\n* Account to zero-balance account: [**65524 gas**](https://goerli.etherscan.io/tx/0x08fb724ef3906b812902874463aabae557ed8b042cdfd607f75fe986ccc2f648), 17.1k more\n* Emptying account to a non-zero account: [**43624 gas**](https://goerli.etherscan.io/tx/0x5702db4d596116598645cbe034e6cadc6e530e0674ac004edaa3134323bd9cea), 4.8k less\n* Emptying account to a zero-balance account: [**60724 gas**](https://goerli.etherscan.io/tx/0xe131605e4a690c31d5f8cc457707eed6691d631fc9538949f9cff0d4368093a6), 12.3k more\n\nThus it's always cheaper to send to an account with an existing balance, and also cheaper to clear an existing balance. Note that this only applies to transfers that use a smart contract. A normal ETH transfer that doesn't use a smart contract will always cost 21k gas regardless of existing balance.\n\n####**How centralized exchanges already take advantage of this**\n\n**Coinbase is a great example of an exchange that exploits this gas fee rule.** Coinbase uses different processes when sending to positive-balance accounts vs zero-balance accounts.\n\n* [Coinbase 10](https://etherscan.io/address/0xa9d1e08c7793af67e9d92fe308d5697fb81d3e43) makes batch transfers to old accounts with balances\n * The more transfers they batch at once, the cheaper per transfer.\n * Here's a 17-batch that [cost only **12k gas** per transfer](https://etherscan.io/tx/0x2c24800927df435f393eeb7290db10e88cb072012206feb78753e96164ec08d1)\n* [Coinbase 2](https://etherscan.io/address/503828976d22510aad0201ac7ec88293211d23da) makes single-transfers to new accounts without balances\n * This is always **21k gas** for a normal transfer. If they tried to batch-transfer these using a contract, it would actually cost them 30k gas due to Gnewaccount.\n\n**Thus, for ETH transfers, it's better to use batch transfers to send to positive-balance and normal transfers to send to new zero-balance accounts.**\n\nExtra side note: Coinbase usually charges withdrawal fees at ~10x their actual cost of network fees. So they're totally ripping you off on withdrawal fees.\n\n####**How can you take advantage of this?**\n\nRealistically, I don't expect of you to change your bad habits. And most of you aren't making enough transfers for this to matter.\n\nBut here's what you can do:\n\n1. For Bitcoin, the best privacy practice is to spin up a new address for every transaction and never reuse addresses. Do NOT do this for Ethereum-like networks for tokens transfers. You will end up paying ~40% more for every transaction.\n1. If you can avoid it, don't leave token dust when transferring from your wallet accounts. Just empty your old account for a small gas savings.", 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/', '11ihn9l', [['u/SkoopskiMarvin', 23, '2023-03-05 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/jay8ss8/', '“The reason the fee schedule is set this way is to reflect the cost of storing account data”\n\nThat man thought of everything like gd. Imagine if our countries were run by people who were 1/10 as smart. I’ll take 1/100 at this point', '11ihn9l']]], ['u/LIFEXY', 'can i buy btc without using binance or coinbase ?', 13, '2023-03-05 01:47', 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/', "I don't like centralised platforms. I need alternatives.", 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/', '11iionm', [['u/MasterEverblack', 13, '2023-03-05 02:04', 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/jayfoxw/', 'HODL HODL or Bisq. YouTube tutorials. I’d suggest checking out “BTC Sessions” tutorials. :)', '11iionm']]], ['u/Any-Ad8847', 'Sofi anecdote from accross the pond', 46, '2023-03-05 03:42', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/', 'I work in a five star hotel in England as a bartender, so I talk with billionaires and a lot of wealthy people. On my bar today I had two British gents who were talking about investing between themselves. \n\nNaturally I joined in the conversation at a quiet point of my work, talking a little about economics, seeing what they\'re interested in, what they\'re investing in and generally looking for tips on what to look into stock wise and reading general public opinion. \n\nAfter being quizzed about my portfolio, I spoke about being 90% sofi up until recently and my moves (sold everything else to buy sofi below book value and get a 5$ average, I originally got in at 15$, now I\'m 60% sofi and +25% on it at the moment) they were aware of sofi as a fintech, but hadn\'t bothered to research it as it is an unprofitable company, but when I told them about the UK E-banks supported by gallileo and the moves with technysis, they were asking me for more information and naturally being a bartender I was interrupted to serve many a time. \n\nI said to them to research and do their own due diligence and to keep it on the watch list and buy in around book value if they decide to as a very low risk hyper growth opportunity, but definately before q1 earnings if they\'re gonna research do it ASAP - the gentlemen were talking about playing with a few million on bitcoin as a small percentage of their portfolio. \n\nI am investing everything I can afford right now and living with little to no expenditure on luxuries to take advantage of Sofi at these prices at this stage in the company. \n\nStay strong my brothers and sisters in arms. \n\n"we will be so fuk rich" \n-sofi reddit fans', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/', '11il964', [['u/Any-Ad8847', 14, '2023-03-05 03:45', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jayrr7m/', "If I manage to get a sheikh or a super wealthy person to invest after researching then we all make money and hopefully they'd track me down to give me 1% of their doubling billions of wealth, for the tip 😂😂😂\n\nhttps://preview.redd.it/anoomc6xkvla1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=169e333d730564038dcea28d1631c352c70c7452", '11il964'], ['u/Stoneteer', 30, '2023-03-05 04:39', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jayy154/', 'We are gonna be so fuk rich', '11il964'], ['u/abuscemi', 13, '2023-03-05 06:18', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jaz8hlf/', '$20 EoY with in Brah We Trust Shilling SoFi to Tea-Sipping Billionaires.', '11il964']]], ['u/StankieMuniz', 'Central Banks adopting cryptocurrencies?', 11, '2023-03-05 04:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11imdy3/central_banks_adopting_cryptocurrencies/', "An interesting comment in one of my posts pointed out in 2025 central banks will be allowed to hold crypto on their balance sheets. I'm curious what this community thinks about and has to say about this subject. A lot of what crypto stands for is escaping from the control of central banks. So what would it mean if part of their backing assets are cryptocurrencies? Would it highly affect the value of the assets they currently own to back their financial strength? Would banks adopt current crypto projects like BTC, ETH, another project or maybe make their own coin? Would it be better for banks to own something they have no control over? Currently I've read in 2025 the cap will only be 2% of their holding, is that enough to make a large impact in their overall values, uses and utility in the economic ecosystem?", 'https://www.reddit.com/r/CryptoCurrency/comments/11imdy3/central_banks_adopting_cryptocurrencies/', '11imdy3', [['u/TruthSeeekeer', 12, '2023-03-05 04:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11imdy3/central_banks_adopting_cryptocurrencies/jayyfo5/', 'The only “crypto” they are interested in is CBDCs which isn’t actually crypto.', '11imdy3']]], ['u/BusterMcBarman', 'Is there any concern that repeated hard forks will slowly kill BTC, like death by a thousand cuts? Or is the BTC train too big to derail?', 10, '2023-03-05 04:49', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/', 'For the uninformed, it’s difficult to make sense of them all, and to even know if BTC is the best option moving forward.', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/', '11imo0h', [['u/randomskeezer', 63, '2023-03-05 07:11', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/jazdp8h/', ">to confirm to myself that I’m even following the most worthwhile project. \n\nLook at the data to confirm that you're following the most worthwhile project.\n\nHere is a list of bitcoin forks - https://forkdrop.io/list-of-bitcoin-forks\n\nThe real bitcoin (BTC) is currently worth $22,420. The most valuable bitcoin fork is currently worth $125. The second most valuable bitcoin fork is currently worth $38. The third most valuable bitcoin fork is currently worth $16. The fourth most valuable bitcoin fork is currently worth 17 cents. The rest of them are currently worth even less than that. \n\nAt the moment, the real bitcoin (BTC) has approximately 54,000 nodes.\n\nAt the moment, the most valuable bitcoin fork has approximately 810 nodes.\n\nAt the moment, the second most valuable bitcoin fork has approximately 20 nodes.\n\nAt the moment, the third most valuable bitcoin fork has approximately 76 nodes.\n\nAt the moment, the fourth most valuable bitcoin fork is such a dead project that no website lists the node count.", '11imo0h'], ['u/BusterMcBarman', 17, '2023-03-05 07:16', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/jaze5g6/', 'Thanks for putting things in perspective.', '11imo0h'], ['u/kwaker88', 15, '2023-03-05 09:58', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/jazqp99/', 'I would say it gets stronger from surviving every hard fork attempt.', '11imo0h'], ['u/Constantinex13', 16, '2023-03-05 12:17', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/jb00eg4/', 'forks are worthless. Compared to bitcoin they are nothing. Imo they are created to dump fork coins to get btc instead', '11imo0h'], ['u/The-Francois8', 10, '2023-03-05 15:17', 'https://www.reddit.com/r/Bitcoin/comments/11imo0h/is_there_any_concern_that_repeated_hard_forks/jb0gqs8/', 'They’re worthwhile in one very important aspect: they allow the loud minority to try their idea and demonstrate its inferiority.', '11imo0h']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, March 05, 2023', 17, '2023-03-05 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/', '11io3ou', [['u/dopeboyrico', 10, '2023-03-05 13:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/jb0504n/', 'Higher low on the monthly with what appears to be another massive inverse Bart forming over the past several days.\n\nWhenever that inverse Bart gets completed (we’re coming up on 3 full days already) there’s a strong chance the major resistance at $25.1k which marks the local high from August gets retested once again. If broken we’re going to quickly move towards $30k.', '11io3ou'], ['u/st3alth247', 15, '2023-03-05 13:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/jb07cl3/', 'Just having a lunch with wifes family.\nHer brother (2020 coiner) is explaining everyone enthusiastic how easy is to make money with shitcoins ( AI is his newest exemple).\n\nO boy i think the way up is still longer then expected', '11io3ou'], ['u/zberg69420', 20, '2023-03-05 14:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/jb0bkl8/', 'In fairness to him, I’ve made a hell of a lot of money off shitcoins. Which I have converted to btc', '11io3ou'], ['u/st3alth247', 10, '2023-03-05 16:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/jb0strq/', 'Nothing against him. He is pretty cool.\nIm just a bit confused because i still see shitcoin boasting during a family lunch in the deepest bearmarket', '11io3ou'], ['u/Essexal', 12, '2023-03-05 22:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/11io3ou/daily_discussion_sunday_march_05_2023/jb28ts7/', 'Everyone 25x and up just got wrecked in 26 minutes?\n\nGGs!', '11io3ou']]], ['u/rBitcoinMod', 'Daily Discussion, March 05, 2023', 33, '2023-03-05 07:02', 'https://www.reddit.com/r/Bitcoin/comments/11ipa9c/daily_discussion_march_05_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11hrbw8/daily_discussion_march_04_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11ipa9c/daily_discussion_march_05_2023/', '11ipa9c', [['u/haosudu888', 10, '2023-03-05 14:55', 'https://www.reddit.com/r/Bitcoin/comments/11ipa9c/daily_discussion_march_05_2023/jb0eb0r/', "What is the best way to create a wallet for a paranoid-level guy. I don't have mush trust to pc. what if malware will copy my seed I will generate?", '11ipa9c'], ['u/HurricaneHarvey7', 13, '2023-03-05 19:05', 'https://www.reddit.com/r/Bitcoin/comments/11ipa9c/daily_discussion_march_05_2023/jb1c7cy/', "I love how the same people who said Bitcoin was dead last bear market are still saying it's dead today, even though the price is ~10x higher this time", '11ipa9c']]], ['u/Financial-Reward-949', 'Just how early are we?', 39, '2023-03-05 08:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11iqxj7/just_how_early_are_we/', 'We see a lot of “we are early” or “ mass adoption is so far away”…. But what do the numbers say for Crypto usage, adoption or actual users? \n\nTo start with the actual users or wallets for crytpo…\n\nAs of August 2022, the number of crypto wallet users reached 84.02 million worldwide, from 76.32 million users in August 2021. The increasing growth in crypto wallet usage can be attributed to the growing use of cryptocurrency. Soon those yearly growth numbers will be 100 million or more per year…\n\nSource - https://www.grandviewresearch.com/industry-analysis/crypto-wallet-market-report\n\nWith a population of approximately 8 billion people this is .0105 of the population…. 1%!!\n\nNow thinking that a lot of us have multiple wallets, a lot of institutions, business, exchanges who have many wallets and that number goes down even further, less than 1%..\n\nThink about that, less than 1% of the world population is involved in Crypto vis a wallet. Now I wasn’t able to confirm what number of these wallets include people holding on exchanges, not your keys not your crytpo, but to keep it simple we can keep the math.\n\nThe first Bitcoin was released in 2009, so 13 years since inception.\n\nDecember 2013 there were approximately 890,000 users or wallets\n\nDecember 2014 2.71 million\n\nDecember 2015, 5.34 million\n\nDecember 2016 10.69 million\n\nDecember 2017 21.51 million\n\nDecember 2018 31.91 million\n\nDecember 2019 44.51 million\n\nDecember 2020 63.48 million\n\nDecember 2021 80.24 million\n\nhttps://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/\n\nSo we can see that the number of wallets, and hopefully users is steadily increasing year over year. Simple case uses like nfts have driven larger gains in users or wallets over the past years and Reddit is sure to drive this growth even harder which helps the entire crypto industry.\n\nWe are still in the birth stage for crypto, it’s new, it’s whacky, and people are mostly taking a wait and see. There is a lot of scams, it’s the Wild West. The hiccups we seeing are needed to shape the market and industry. As things mature and calm down, more will jump in. \n\nThe early adopters are now fully in I suspect and things should be moving into the second phase of growth very quickly. This comes as case uses grow, real world usage and adoption grows. Think of countries, open seas, or the Reddit marketplace when and if it’s launched. More uses more users.\n\nThere is an old saying that the tipping point for adoption of any product or thing is normally 25%. Once 25% of a group have grown to like, use and trust something, it will then grow to the rest of the population.\n\nhttps://www.scientificamerican.com/article/the-25-revolution-how-big-does-a-minority-have-to-be-to-reshape-society/\n\nSeeing the numbers above and how small a percentage of people have adopted or are using. We are early. Amazingly early.\n\nI will dca, I will Hodl in projects I believe in, and..\n\nWe…. Are….Early…', 'https://www.reddit.com/r/CryptoCurrency/comments/11iqxj7/just_how_early_are_we/', '11iqxj7', [['u/Yellowflash274', 19, '2023-03-05 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11iqxj7/just_how_early_are_we/jazl3l5/', 'Missed btc, missed eth, missed reddit collectible avatars gen1, but we early on the Moons train 💪🏼', '11iqxj7'], ['u/Barchelonio', 33, '2023-03-05 08:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11iqxj7/just_how_early_are_we/jazm36r/', "I'm really bullish on crypto, but that wallet number doesn't mean much. I have like 5 wallets alone on different exchanges and outside them. I believe there're many more people like me. And there's of course gambling sites with millions of people who only use crypto for it.", '11iqxj7']]], ['u/lucrica', 'I am happy crypto has finally decoupled from Elon Musk Tweets and news.', 650, '2023-03-05 09:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/', 'Since Elon started buying crypto, any tweet from him either brings the market down or up.\nIn the case of Doge, Elon helped in making the price soar by his tweets.\n\nIt was unhealthy when his tweets was affecting the price at time.\nIf he sells market sees red moment,\nIf he says he is not buying bitcoin the market goes down.\n\nBut guess what, this time Elon actually said " i used to be in crypto but now interested in AI" \nAfter that tweets that even suggest he is out of crypto, the market never crashed. \n\nhttps://twitter.com/elonmusk/status/1631720134636367872?s=20', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/', '11is734', [['u/TheBurningTitan', 260, '2023-03-05 09:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazq2pe/', 'Elon musk is not our friend in crypto', '11is734'], ['u/tommo_graham', 11, '2023-03-05 09:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazq3tl/', 'I can’t bear to even check out his twitter feed. I pity AI', '11is734'], ['u/milonuttigrain', 147, '2023-03-05 10:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazs0bn/', 'Elon Musk is not our friends in crypto and stock market. Pretty much anything he touches has been manipulated to enrich his bags.', '11is734'], ['u/binglelemon', 78, '2023-03-05 10:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazs5o6/', "I don't think he's ever had a friend...\n\n\nlol", '11is734'], ['u/Sjiznit', 19, '2023-03-05 10:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazsdtf/', 'Billionaires in general are not our friends', '11is734'], ['u/kirtash93', 10, '2023-03-05 10:23', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazsgsx/', 'Elon Musk is simply one of our crypto clowns 🤡, along with Jim Cramer and many others.', '11is734'], ['u/DoubleFaulty1', 49, '2023-03-05 10:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazsmpl/', 'Elon just used crypto to get attention. It is of no use to him in a bear market.', '11is734'], ['u/Greenbriarbushwacker', 15, '2023-03-05 10:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazswvg/', 'Everything he does is self serving and in his best interests. He doesn’t give any fucks about any one else including his children. Guys a piece of shit', '11is734'], ['u/samzi87', 13, '2023-03-05 10:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jaztql1/', 'Can we just agree that he is not our friend in general, without further specification?', '11is734'], ['u/Subtraktions', 114, '2023-03-05 10:52', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazuic4/', "I think it's more like Elon decoupled from being taken seriously.", '11is734'], ['u/partymsl', 15, '2023-03-05 11:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazwx7p/', 'Rich people always have friends. They are just not honest friends.', '11is734'], ['u/TinaJewel', 25, '2023-03-05 11:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jazx8pe/', 'I think elon musk is a shitposter on Reddit', '11is734'], ['u/Raydiin', 17, '2023-03-05 12:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jb011di/', 'Not like us crypto bros in the r/cryptocurrency sub….. am I right boys', '11is734'], ['u/kbeck17', 19, '2023-03-05 12:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jb01uwd/', 'Elon Musk just like me fr\n\nNow all I gotta do is become a billionaire', '11is734'], ['u/C01n_sh1LL', 39, '2023-03-05 12:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jb028hu/', 'The quotes are very important here.\n\nAs a native speaker of American English and someone who understands tech Twitter culture, I am certain this is not Elon describing a change in his own sentiment. He\'s pretty clearly calling out techbro poseurs who jump on all the latest trends, people who had never heard of crypto before 2009 but who got very very into crypto post-2017, and who probably never heard of AI, but are now all about it after ChatGPT.\n\nHe is ridiculing other people, not expressing his own sentiment. It\'s absolutely wild that so many "crypto news sites" are running this as a story.', '11is734'], ['u/FluffayPenguin', 13, '2023-03-05 20:23', 'https://www.reddit.com/r/CryptoCurrency/comments/11is734/i_am_happy_crypto_has_finally_decoupled_from_elon/jb1nyl0/', 'Now the AI community can hate Elon too.', '11is734']]], ['u/ominous_anenome', 'Here are the top Moon tippers for each month since 2020', 51, '2023-03-05 10:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11isr0l/here_are_the_top_moon_tippers_for_each_month/', "Moon tipping has got a lot of attention recently, so I decided to calculate the top tippers since May 2020, when Moons were launched.\n\nFor the data below (which is all public data), I define a tip as a transaction that:\n\n1. Is between two Redditor vaults\n2. Is an integer amount between 1 and 100 (larger amounts are often not tips)\n3. Or was manually added by me after manual review (often when a Redditor reaches out)\n\nHere are the definitions of the table below:\n\n* **Num Tips Leader**: User who tipped moons to the most distinct users (i.e. tipping the same user many times doesn't count) in the month.\n* **Tip Amount Leader**: User who tipped the most moons in total in the month\n\n|Month|Num Tips Leader|Num Tips|Tip Amount Leader|\\# Moons|\n|:-|:-|:-|:-|:-|\n|2023/02|u/Autom4tic_Soze|96|u/Autom4tic_Soze|783|\n|2023/01|u/*o\\_\\_0*|179|u/nanooverbtc|1378|\n|2022/12|u/xllw|57|u/RedditRCP|200|\n|2022/11|u/bud_87|33|u/tmztmz2|487|\n|2022/10|u/EnrichedChigga|336|u/EnrichedChigga|356|\n|2022/09|u/bud_87|95|u/mellon98|290|\n|2022/08|u/bud_87|107|u/webb32503|800|\n|2022/07|u/Yeti533|148|u/FreePrinciple270|1624|\n|2022/06|u/FreePrinciple270|30|u/FreePrinciple270|287|\n|2022/05|u/FreePrinciple270|108|u/FreePrinciple270|1032|\n|2022/04|u/FreePrinciple270|100|u/nanooverbtc|650|\n|2022/03|u/LargeSnorlax|83|u/Moonsorbust|45303|\n|2022/02|u/LargeSnorlax|113|u/Moonsorbust|5529|\n|2022/01|u/FreePrinciple270|99|u/Moonsorbust|1958|\n|2021/12|u/Moonsorbust|238|u/Moonsorbust|3814|\n|2021/11|u/Moonsorbust|219|u/SamsungGalaxyPlayer|2000|\n|2021/10|u/LargeSnorlax|201|u/MediumAdhesiveness5|1520|\n|2021/09|u/LargeSnorlax|163|u/LargeSnorlax|1320|\n|2021/08|u/Xrporbust|1494|u/Xrporbust|6354|\n|2021/07|u/ratbert002|257|u/ratbert002|974|\n|2021/06|u/Welshybird|259|u/damnusernamegotcutof|1743|\n|2021/05|u/hodler3k|385|u/anotherjohnishere|4916|\n|2021/04|u/Mephistoss|148|u/damnusernamegotcutof|1546|\n|2021/03|u/x0g|132|u/damnusernamegotcutof|6235|\n|2021/02|u/LATech99|698|u/btc_clueless|2904|\n|2021/01|u/AdmiralSkyOperator|98|u/ethereumflow|1857|\n|2020/12|u/LargeSnorlax|144|u/LargeSnorlax|3477|\n|2020/11|u/Hasage|10|u/seagulpinyo|333|\n|2020/10|u/LargeSnorlax|49|u/LargeSnorlax|936|\n|2020/09|u/jc_harming|34|u/jwinterm|556|\n|2020/08|u/nanooverbtc|14|u/jwinterm|378|\n|2020/07|u/Teufelskreis8|7|u/jwinterm|373|\n|2020/06|u/Urc0mp|21|u/jwinterm|964|\n|2020/05|u/slay_the_beast|74|u/Urc0mp|1671|\n\nI also added a visual of this data towards the bottom of [ccmoons.com/tipping](https://ccmoons.com/tipping), which is updated regularly.\n\nhttps://preview.redd.it/noculdgu1wla1.png?width=2540&format=png&auto=webp&v=enabled&s=cfe70954bf73a1fc3a7b3aa92a7b248db6633b38", 'https://www.reddit.com/r/CryptoCurrency/comments/11isr0l/here_are_the_top_moon_tippers_for_each_month/', '11isr0l', [['u/abracadabra087', 14, '2023-03-05 10:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11isr0l/here_are_the_top_moon_tippers_for_each_month/jazssmu/', 'Regretting that I started collecting Moons so late.', '11isr0l'], ['u/Rocka2', 19, '2023-03-05 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11isr0l/here_are_the_top_moon_tippers_for_each_month/jazt9q9/', "My first Moon ever I got tipped was by u/French_physicist\n\nI'll definitely return the favor at some point! 🌝", '11isr0l']]], ['u/DimiXti', 'Starting again with an empty account after being into crypto for 5 years. What I learned.', 38, '2023-03-05 11:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/', 'I got into crypto during the bear after the 2017 bull run. Btc had reached its top at approx 20k and it had started falling. I got in when it was around 10k. I used coin base, not even coin base pro. I purchased some and I watched it fall more and more. \n\n\nAt some point I discovered coin base pro and was fascinated with the trading aspect. I was looking at charts, order books etc all day long, but it made a small difference to my account since I had a small account and there was no leverage, nor low market cap coins which could make big movements. \n\n\nThen I discovered Binance. When I discovered Binance the price of btc was around 4k. I started experimenting with trading a lot of alt coins. Some days were good and some days were bad. I managed to make some profit trading alt coins and I had 0.9 btc. \n\n\nAt that point I discovered BitMex and margin trading. I started making bets with 100x leverage. That 1 btc, gone. Very quickly. I kept putting more money and I kept blowing up my account. Overall I have gambled around 100 ETH (I used ETH whenever I wanted to fund my account on Binance and then I would swap it for btc and then xbt (BitMex btc). 100 eth, today is worth around 150k. During its all time high, the total eth that I chose to gamble instead of save, was worth half a million dollars, but I was not in possession of it anymore. \n\n\nRecently I started investing in agix cause I believe that it will get big. And it did really well. I got in before the pump of the ai coins. I said to myself that I will set it and forget it. I wasn’t able to do so. I wanted more agix before I set and forget. I sold it all and opened a 20x long on btc thinking that with the profits I will buy more agix. And this brings us to the last dump that occurred which liquidated me for one more time. I was thinking that I had learned my lesson. I didn’t use 100x. Only 20. Well…still dangerous as it seems. \n\n\nNow I have decided to start again. But I won’t gamble. At least that’s what I say at the moment. You never know with problem gamblers like myself. I will try to stick to my new plan, which is to dollar cost average into the Binance and CMC Index (the top 10 cryptos, the blue chips). That’s it folks. \n\n\nTLDR: leverage bad, gambling addiction real, trying a new approach', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/', '11iu38m', [['u/Slainte042', 70, '2023-03-05 11:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/jazy0tn/', '[https://www.gamblersanonymous.org/ga/](https://www.gamblersanonymous.org/ga/)', '11iu38m'], ['u/Jubudtje', 12, '2023-03-05 11:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/jazydlk/', 'I’ve done leverage trading, and the stress you get every day is terrible. You can’t even sleep well at night.\n\nThats why, now its DCA and HODL only.\n\nI sleep like a baby', '11iu38m'], ['u/szerted', 19, '2023-03-05 11:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/jazygss/', 'Played around leverage for a couple of weeks, decided that I get enough stress from my 12h shifts already..', '11iu38m'], ['u/ahabraken', 11, '2023-03-05 11:53', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/jazyny3/', '"That\'s when i discovered leverage trading" famous last words before going bankrupt.', '11iu38m'], ['u/Bunnywabbit13', 16, '2023-03-05 12:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11iu38m/starting_again_with_an_empty_account_after_being/jb00aop/', "I know some people who still think crypto leverage isn't gambling.\n\nEven more surprising is that they aren't bankrupt... (yet)", '11iu38m']]], ['u/slvbtc', 'how long until bitcoin is the worlds reference currency?', 10, '2023-03-05 13:50', 'https://www.reddit.com/r/Bitcoin/comments/11iwess/how_long_until_bitcoin_is_the_worlds_reference/', 'Today every news channel in every country displays the exchange rate of their national currency vs the US dollar on a nightly basis in order to guage the strength of their currency. Most people know roughly how much their currency is worth in US dollars.\n\nAsk an indian how much 81,000 rupee is worth and they will say around $1,000 USD. Ask a brit how much 830 pounds is worth and they will say around $1,000 USD. Ask a singaporean how much 1,350 SGD is worth and they will say around $1,000 USD.\n\nMost people dont know what their currency is worth in other national currencies but most people know what their currency is worth in USD because the US dollar is the worlds reference currency.\n\nBitcoin is still small relative to the USD but it is already becoming more global and more prevalent in most countries, every country has its own bitcoin exchanges. It is also starting to be used more in cross border remittances.\n\nPeople compare their currency to the US dollar in order to measure their currencies performance. But as the US dollars role deminishes and bitcoins role increases people all over the world will start comparing their currency to bitcoin in order to measure their currencies performance.\n\nThere will come a time where bitcoin takes over the role of being the go-to reference currency. Soon more people will know what their currency is worth in bitcoin than know what their currency is worth in US dollars and the goal will not be to maintain stability against the USD but to maintain stability against bitcoin.\n\nWhen this happens bitcoin would have become the worlds reference currency for individuals and after that its only a matter of time before bitcoin becomes the worlds reference currency for institutions and even governments.\n\nThe ironic part is no national currency could possibly maintain value against bitcoin as they are all debasing at such a rapid rate. So as bitcoin becomes the worlds default reference currency it will completely unmask just how weak all national currencies are and cause people to see exactly why they should be saving in bitcoin instead of saving in fiat.', 'https://www.reddit.com/r/Bitcoin/comments/11iwess/how_long_until_bitcoin_is_the_worlds_reference/', '11iwess', [['u/aykevin', 13, '2023-03-05 15:22', 'https://www.reddit.com/r/Bitcoin/comments/11iwess/how_long_until_bitcoin_is_the_worlds_reference/jb0hbdk/', 'You need to look at this subjectively and without favouring Bitcoin. Until Bitcoin is stable it will never be the reference point. How can we use it as a monetary value when one day it’s worth $60,000 then within a month it’s worth $15,000.', '11iwess']]], ['u/WorkingLime', 'Since my "last" post the 30 BTC more (23 BTC and then the last week 7 BTC) were traded in Venezuela using LocalBitcoins and that was it, last volume ever!', 60, '2023-03-05 16:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11izxol/since_my_last_post_the_30_btc_more_23_btc_and/', 'Hi guys,\n\nAfter my post, two weeks more of stats were made public by CoinDance.\n\n23 BTC and 7 BTC (the real "final" week), so even when people knew it was shutting down some people were still using it (remember it was measuring only the trades, to the withdraws).\n\n&#x200B;\n\nhttps://preview.redd.it/8rshynbrwxla1.jpg?width=1919&format=pjpg&auto=webp&v=enabled&s=c26c706b81920afcf8456e9bbbe8794690f13b85\n\nJust wanted to share that!\n\nI wish Binance, Reserve, AirTM would make public their stats :(\n\nSituation? The same, exchange rate 25 Bs. (Bolivares) / USD, monthly minimum wage 5 USD and average wage around 120 USD monthly. \n\nAnd yes, moons have been a really nice income (I just used some of mine to provide liquidity, lets see!)\n\nAs always, any question please let me know!\n\n[https://en.wikipedia.org/wiki/Hyperinflation\\_in\\_Venezuela](https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela)\n\n[https://coin.dance/volume/localbitcoins/VED/BTC](https://coin.dance/volume/localbitcoins/VED/BTC)\n\n[https://coin.dance/volume/localbitcoins/VED](https://coin.dance/volume/localbitcoins/VED)\n\n[https://localbitcoins.com/country/VE](https://localbitcoins.com/country/VE)\n\n[https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/?utm\\_source=reddit.com](https://www.reuters.com/world/americas/venezuelan-teachers-march-better-pay-amid-sky-high-inflation-2023-01-16/?utm_source=reddit.com)', 'https://www.reddit.com/r/CryptoCurrency/comments/11izxol/since_my_last_post_the_30_btc_more_23_btc_and/', '11izxol', [['u/szerted', 16, '2023-03-05 16:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11izxol/since_my_last_post_the_30_btc_more_23_btc_and/jb0rg2c/', "I keep thinking about *that* user in here every time I get moons from distribution. It's so heartwarming that moons could help someone get through the day \nEdit: nvm, I am stupid. It's you!", '11izxol'], ['u/WorkingLime', 16, '2023-03-05 16:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11izxol/since_my_last_post_the_30_btc_more_23_btc_and/jb0se3f/', 'Thanks 🙏', '11izxol']]], ['u/SuccessfulPlenty942', 'why is non-kyc bitcoin important?', 48, '2023-03-05 17:29', 'https://www.reddit.com/r/Bitcoin/comments/11j19ms/why_is_nonkyc_bitcoin_important/', "I don't want to evade taxes or anything like that, so why is it important to have non kyc bitcoin?", 'https://www.reddit.com/r/Bitcoin/comments/11j19ms/why_is_nonkyc_bitcoin_important/', '11j19ms', [['u/looneytones8', 74, '2023-03-05 17:46', 'https://www.reddit.com/r/Bitcoin/comments/11j19ms/why_is_nonkyc_bitcoin_important/jb10asg/', "The main issue with KYC is that your name, personal info and the amount of Bitcoin you have purchased is stored somewhere in a centralized database. There is always the chance that data gets compromised and then some bad actor knows where you live, what you possibly look like and how much BTC you own which can make you a target. Also if the government ever decides to outlaw Bitcoin and seize it like the US did with gold, all they have to do is call up the exchanges and get a nice list of everyone who has bought Bitcoin and how much they have.\n\nWe're all law abiding citizens here, buying non-KYC gives you an extra layer of privacy and deniability.", '11j19ms'], ['u/Scrapin-Nee', 19, '2023-03-05 18:04', 'https://www.reddit.com/r/Bitcoin/comments/11j19ms/why_is_nonkyc_bitcoin_important/jb12xwp/', 'NonKYC Bitcoin is anonymous when done right and provides a means to store your savings that can’t be confiscated. This is especially important in countries with dictators/oppressive governments. It can also be important in countries like the U.S. where the government has taken gold from its people before and if things ever got bad enough, would do it again. Having Bitcoin is like having insurance against the U.S defaulting or hyper inflating the currency. Having nonkyc Bitcoin is government seizure insurance as well. They can’t press you for Bitcoin they don’t have record of you owning. \n\n\nThere is a book called “The Mandibles” by Lionel Shriver, It’s a popular sci fi book among Bitcoiners. It paints a future where the U.S is defaulting and everyone loses their wealth and lives impoverished with the government confiscating gold and other wealth, well worth the read if Bitcoin is your thing.', '11j19ms'], ['u/BuyRackTurk', 18, '2023-03-05 19:33', 'https://www.reddit.com/r/Bitcoin/comments/11j19ms/why_is_nonkyc_bitcoin_important/jb1gn7g/', 'KYC is death to freedom. \n\nPrivacy cannot stop you from paying all the taxes you want. But why should some people have the privilege to spy on you? Doesnt that seem unfair?\n\nThey want special privileges because they want to own and control you. Never EVER give up your privacy, unless you enjoy being a slave.', '11j19ms']]], ['u/escodelrio', 'Bitcoin Circulating Supply on Exchanges is Under 12%', 183, '2023-03-05 18:35', 'https://www.reddit.com/r/Bitcoin/comments/11j42oa/bitcoin_circulating_supply_on_exchanges_is_under/', '&#x200B;\n\nhttps://preview.redd.it/cpqu8cb1iyla1.jpg?width=1200&format=pjpg&auto=webp&v=enabled&s=812ba026185d5719ef71ac81827b1b8d397ce9ba', 'https://www.reddit.com/r/Bitcoin/comments/11j42oa/bitcoin_circulating_supply_on_exchanges_is_under/', '11j42oa', [['u/Digital-Shredda', 44, '2023-03-05 20:22', 'https://www.reddit.com/r/Bitcoin/comments/11j42oa/bitcoin_circulating_supply_on_exchanges_is_under/jb1nwa7/', 'Hold that shit.', '11j42oa'], ['u/RonPaulWasR1ght', 19, '2023-03-05 23:15', 'https://www.reddit.com/r/Bitcoin/comments/11j42oa/bitcoin_circulating_supply_on_exchanges_is_under/jb2cp0g/', 'Why has this post been tagged as "misleading"?', '11j42oa'], ['u/escodelrio', 47, '2023-03-05 23:27', 'https://www.reddit.com/r/Bitcoin/comments/11j42oa/bitcoin_circulating_supply_on_exchanges_is_under/jb2eb7c/', "I sent an email to the mods asking the same thing. Radio silence. \n\nI don't mind mods putting labels on stuff, but slapping a label and not leaving a comment explaining why the label was placed on it is not kosher in my opinion.", '11j42oa']]], ['u/ThePathOfNeo', 'Chaintip legit?', 16, '2023-03-05 20:17', 'https://www.reddit.com/r/Bitcoincash/comments/11j8jwp/chaintip_legit/', 'Got a tip from a user via u/chaintip for a post I made on Reddit and just wanted to know more about it?\n\nI created a wallet address (didn\'t have to give out any personal info) and got the funds near immediately via Chaintip bot here on Reddit.\n\nIs this real life?\n\nEdit (sorry I didn\'t provide context🙈) :\n\nI received the following message:\n\n"u/user (name omitted for privacy) \xa0has\xa0sent you\xa00.07987508 Bitcoin Cash (about 9.97 USD) for your\xa0post\xa0via\xa0chaintip!"\n\nI sent my wallet address and received about 9.98 USD in BCH within seconds. I know very limited details about the crypto world so please can someone explain this to me.\n\nMy initial thoughts pointed to \'scam\' immediately but I actually received the funds to my wallet address.', 'https://www.reddit.com/r/Bitcoincash/comments/11j8jwp/chaintip_legit/', '11j8jwp', [['u/ricardotown', 12, '2023-03-05 20:43', 'https://www.reddit.com/r/Bitcoincash/comments/11j8jwp/chaintip_legit/jb1qxro/', "Yes it's real, and it's pretty great. Someone typed you $10. Send it to your own wallet if you don't believe it, and bask in the glory of BCH.", '11j8jwp'], ['u/Alex-Crypto', 11, '2023-03-05 21:25', 'https://www.reddit.com/r/Bitcoincash/comments/11j8jwp/chaintip_legit/jb1wy7x/', 'Yep! ChainTip is one of the oldest tippers out there. The only thing I use to tip people!\n\nCheck out the Bitcoin.com wallet to transfer it to, and perhaps use the money to buy AMC movie tickets!\n\n/u/chaintip', '11j8jwp']]], ['u/wjean', 'Q: What is the MAXIMUM percentage of your investible net worth you feel comfortable keeping in crypto?', 20, '2023-03-05 20:23', 'https://www.reddit.com/r/CryptoCurrency/comments/11j8unx/q_what_is_the_maximum_percentage_of_your/', 'I know that reddit and r/CryptoCurrency tends to swing younger and poorer than other online communities but I\'m genuinely curious here about how much people actually invest. I know there\'s always a lot of DCA and \'stack those sats\' discussions when the price of crypto dips but at some people, there has to be an internal mediator that says "I have enough (crypto) for now".\n\n* To make sure everyone is on the same page, I\'m talking about the **max percentage** of your **investible** **net worth** you are willing to place into **crypto**. This means all of your money in equities, bonds, cash, retirement accts, pensions, etc. and other assets but NOT including your home equity (one of the single largest stores of equity most people have but you gotta live somewhere) or depreciating assets like cars. As far as crypto is concerned, I\'m talking about BTC/ETH/alts/NFTs/etc.\n* To start off, I\'m a big believer in the asset allocation strategy and have adhered to it for the last 20+ years. At this point, outside of one or two exceptions (say RSUs from my employer and real estate holdings), my goal has been to keep my investments in any one investment (esp speculative ones like crypto) to <5% (often 3%).\n* I could dump more money into crypto now today while its down.. but I\'d rather not just yet given the uncertainty around several big players (ahem Tether and Binance).\n\nQ: What about the rest of you folks? Are the majority of you folks really "I\'m never going to get rich unless I YOLO everything into BTC/ETH or GME" (an actual sentiment I read here a while ago). Or, are there some folks like me who are willing to stack BTC/ETH and maybe a few promising alts along with the rest of your portfolio?\n\nEDIT:\n\nTo get a good idea of where the denizens of /r/cryptocurrency sit, take a look at the # of votes vs. # of moons in the poll results. Observations\n\n\\- As of 6 hours from when I started the poll, there seems to be a decent split between categories.\n\n\\- There DOES seem to be a large contingent of voters who allocate the majority of their investable net worth (it not "all in") into crypto. This isn\'t surprising to me that they exist but (to me at least) the % still seems notable.\n\n\\- Finally, for those people who are most active on CC (aka those with the most moons), they seem to be both "all-in" on crypto AND have a fairly low investable net worth (at least by US financial community standards). THIS correlation doesn\'t seem surprising at all.\n\n[View Poll](https://www.reddit.com/poll/11j8unx)', 'https://www.reddit.com/r/CryptoCurrency/comments/11j8unx/q_what_is_the_maximum_percentage_of_your/', '11j8unx', [['u/SkoopskiMarvin', 11, '2023-03-05 20:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11j8unx/q_what_is_the_maximum_percentage_of_your/jb1p25v/', 'How many of y’all once had $100k+ but now are 50%+ down?', '11j8unx']]], ['u/non_fingo', 'Bought BTC in 2020 via BISQ and now I have to testify', 21, '2023-03-05 20:40', 'https://www.reddit.com/r/bisq/comments/11j9tj4/bought_btc_in_2020_via_bisq_and_now_i_have_to/', 'I bought about 100€ BTC in 2020 and this week I received a notification in which they ask me why I sent some random BISQ guy money. He is accused for money laundering in Germany \n\n\nI think that i have to testify and I do not have anything to hide.\n\nWhat are you thoughts?', 'https://www.reddit.com/r/bisq/comments/11j9tj4/bought_btc_in_2020_via_bisq_and_now_i_have_to/', '11j9tj4', [['u/darkness_rides', 27, '2023-03-05 21:09', 'https://www.reddit.com/r/bisq/comments/11j9tj4/bought_btc_in_2020_via_bisq_and_now_i_have_to/jb1uokm/', '"I don\'t recall"', '11j9tj4']]], ['u/BlueCoastDoge', 'Is Binance the next FTX to succumb to another massive crypto fraud? New bread crumbs from messages show that Binance-dot-com a...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week.\nInsights:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nSilvergate Woes and Likely China Improvement\nCoinDesk Market Index (CMI)\n1,044\n+2.1▲0.2%\nBitcoin (BTC)\n$22,463\n+131.6▲0.6%\nEthereum (ETH)\n$1,569\n+2.3▲0.1%\nS&P 500\n4,045.64\n+64.3▲1.6%\nGold\n$1,859\n+11.7▲0.6%\nNikkei 225\n27,927.47\n+428.6▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia, here’s what’s driving markets today.\nBoth bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%.\nObservers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China.\n“It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller,Forex.com’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.”\nAt the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected.\n“China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk.\nThese so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto.\n“We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said.\nEthDenver Shows That Ethereum Has an Actual Community\nThis weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering from a pretty intense four months ofmaking cool thingsandexposing bad guys.\nFortunately, plenty of people are sharing clips from the event so I can enjoy it vicariously. Unfortunately, many of these posts express something between innocent confusion and sneering takedowns of the supposedly lame ETHDenver goings-on.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut that attitude, to paraphrase the fugitive philosopher-thief Do Kwon, isa great formula for getting rekt. It may look like silliness and disorganization to you, but ETHDenver’s rough edges are actually strong signals that a real community has been drawn together by shared interests to build something together from the ground up. That’s the kind of community that has and will weather slow periods of crypto growth like what we’re going through right now.\nSee also:Tensions Erupt Between Aptos, Sui Blockchains in Denver\nIt’s hip to be cringe\nIt’s true that compared to a lot of crypto conferences ETHDenver and certain related events can seem just the slightest bit slapdash, and more than the slightest bit bizarre. Take, for instance, the annual contributions from Jonathan Mann, aka “The Song a Day Guy.” He has created and performed goofy, slightly amateurish tunes for the event for a while now – and every year people on Twitter take the opportunity to dunk on him.\nBut let me tell you, a goofy song is barely the only thing at ETHDenver that might make you uncomfortable!\nWhen I attended last year, ETHDenver was held in a refurbished parking garage, where the bathrooms were partly or entirely broken for much of the event. You couldn’t see the main stage from roughly a third of the ground floor seating, and people talking at the back of the room halfway drowned out the speakers. Every once in a while, someone would drop 500 pizzas on an upstairs table, resulting in massive queues that made it nearly impossible to move.\nAnd you know what? It was awesome.\nThe full article can be foundhere.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Retail Sales (YoY/Feb)\n2:30 a.m. HKT/SGT(18:30 UTC)Reserve Bank of Australia Rate Statement\n5:45 a.m. HKT/SGT(21:45 UTC)Switzerland Unemployment Rate s.a. (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Fall as Crypto Market Digests Silvergate; Author Neal Stephenson on Future of Metaverse\nBitcoin (BTC) and ether (ETH) were sinking as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading.Forex.comGlobal head of research Matt Weller shared his reaction. Plus, Sotheby’s is auctioning the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined the terms “metaverse” and “avatar." Stephenson and Sotheby\'s head of sale Cassandra Hatton discussed. And, Audius co-founder and CEO Roneil Rumburg explained how the Web3 music streaming platform is integrating with TikTok.\nGitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index:The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.\nStablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past, WSJ:Tether, the company behind the world\'s largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.\nETHDenver Looks Cringey to You Because Ethereum Has an Actual Community:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nChainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet:Base also joins the data provider\'s Scale program, allowing developers to construct smart contracts that can react to external information at a subsidized cost.\nBankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts:The firm paused withdrawals in June, citing extreme market conditions.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week. Insights: Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes. Prices Silvergate Woes and Likely China Improvement CoinDesk Market Index (CMI) 1,044 +2.1 ▲ 0.2% Bitcoin (BTC) $22,463 +131.6 ▲ 0.6% Ethereum (ETH) $1,569 +2.3 ▲ 0.1% S&P 500 4,045.64 +64.3 ▲ 1.6% Gold $1,859 +11.7 ▲ 0.6% Nikkei 225 27,927.47 +428.6 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s what’s driving markets today. Both bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%. Observers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China. “It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller, Forex.com ’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.” At the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected. Story continues “China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk. These so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto. “We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said. Insights EthDenver Shows That Ethereum Has an Actual Community This weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering from a pretty intense four months of making cool things and exposing bad guys . Fortunately, plenty of people are sharing clips from the event so I can enjoy it vicariously. Unfortunately, many of these posts express something between innocent confusion and sneering takedowns of the supposedly lame ETHDenver goings-on. This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . But that attitude, to paraphrase the fugitive philosopher-thief Do Kwon, is a great formula for getting rekt . It may look like silliness and disorganization to you, but ETHDenver’s rough edges are actually strong signals that a real community has been drawn together by shared interests to build something together from the ground up. That’s the kind of community that has and will weather slow periods of crypto growth like what we’re going through right now. See also: Tensions Erupt Between Aptos, Sui Blockchains in Denver It’s hip to be cringe It’s true that compared to a lot of crypto conferences ETHDenver and certain related events can seem just the slightest bit slapdash, and more than the slightest bit bizarre. Take, for instance, the annual contributions from Jonathan Mann, aka “The Song a Day Guy.” He has created and performed goofy, slightly amateurish tunes for the event for a while now – and every year people on Twitter take the opportunity to dunk on him. But let me tell you, a goofy song is barely the only thing at ETHDenver that might make you uncomfortable! When I attended last year, ETHDenver was held in a refurbished parking garage, where the bathrooms were partly or entirely broken for much of the event. You couldn’t see the main stage from roughly a third of the ground floor seating, and people talking at the back of the room halfway drowned out the speakers. Every once in a while, someone would drop 500 pizzas on an upstairs table, resulting in massive queues that made it nearly impossible to move. And you know what? It was awesome. The full article can be found here . Important events 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Retail Sales (YoY/Feb) 2:30 a.m. HKT/SGT(18:30 UTC) Reserve Bank of Australia Rate Statement 5:45 a.m. HKT/SGT(21:45 UTC) Switzerland Unemployment Rate s.a. (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin, Ether Fall as Crypto Market Digests Silvergate; Author Neal Stephenson on Future of Metaverse Bitcoin (BTC) and ether (ETH) were sinking as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading. Forex.com Global head of research Matt Weller shared his reaction. Plus, Sotheby’s is auctioning the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined the terms “metaverse” and “avatar." Stephenson and Sotheby\'s head of sale Cassandra Hatton discussed. And, Audius co-founder and CEO Roneil Rumburg explained how the Web3 music streaming platform is integrating with TikTok. Headlines Gitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index : The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens. Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past, WSJ : Tether, the company behind the world\'s largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says. ETHDenver Looks Cringey to You Because Ethereum Has an Actual Community : Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes. Chainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet : Base also joins the data provider\'s Scale program, allowing developers to construct smart contracts that can react to external information at a subsidized cost. Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts : The firm paused withdrawals in June, citing extreme market conditions.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week.\nInsights:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nSilvergate Woes and Likely China Improvement\nCoinDesk Market Index (CMI)\n1,044\n+2.1▲0.2%\nBitcoin (BTC)\n$22,463\n+131.6▲0.6%\nEthereum (ETH)\n$1,569\n+2.3▲0.1%\nS&P 500\n4,045.64\n+64.3▲1.6%\nGold\n$1,859\n+11.7▲0.6%\nNikkei 225\n27,927.47\n+428.6▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia, here’s what’s driving markets today.\nBoth bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%.\nObservers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China.\n“It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller,Forex.com’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.”\nAt the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected.\n“China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk.\nThese so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto.\n“We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said.\nEthDenver Shows That Ethereum Has an Actual Community\nThis weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering from a pretty intense four months ofmaking cool thingsandexposing bad guys.\nFortunately, plenty of people are sharing clips from the event so I can enjoy it vicariously. Unfortunately, many of these posts express something between innocent confusion and sneering takedowns of the supposedly lame ETHDenver goings-on.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut that attitude, to paraphrase the fugitive philosopher-thief Do Kwon, isa great formula for getting rekt. It may look like silliness and disorganization to you, but ETHDenver’s rough edges are actually strong signals that a real community has been drawn together by shared interests to build something together from the ground up. That’s the kind of community that has and will weather slow periods of crypto growth like what we’re going through right now.\nSee also:Tensions Erupt Between Aptos, Sui Blockchains in Denver\nIt’s hip to be cringe\nIt’s true that compared to a lot of crypto conferences ETHDenver and certain related events can seem just the slightest bit slapdash, and more than the slightest bit bizarre. Take, for instance, the annual contributions from Jonathan Mann, aka “The Song a Day Guy.” He has created and performed goofy, slightly amateurish tunes for the event for a while now – and every year people on Twitter take the opportunity to dunk on him.\nBut let me tell you, a goofy song is barely the only thing at ETHDenver that might make you uncomfortable!\nWhen I attended last year, ETHDenver was held in a refurbished parking garage, where the bathrooms were partly or entirely broken for much of the event. You couldn’t see the main stage from roughly a third of the ground floor seating, and people talking at the back of the room halfway drowned out the speakers. Every once in a while, someone would drop 500 pizzas on an upstairs table, resulting in massive queues that made it nearly impossible to move.\nAnd you know what? It was awesome.\nThe full article can be foundhere.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Retail Sales (YoY/Feb)\n2:30 a.m. HKT/SGT(18:30 UTC)Reserve Bank of Australia Rate Statement\n5:45 a.m. HKT/SGT(21:45 UTC)Switzerland Unemployment Rate s.a. (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Fall as Crypto Market Digests Silvergate; Author Neal Stephenson on Future of Metaverse\nBitcoin (BTC) and ether (ETH) were sinking as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading.Forex.comGlobal head of research Matt Weller shared his reaction. Plus, Sotheby’s is auctioning the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined the terms “metaverse” and “avatar." Stephenson and Sotheby\'s head of sale Cassandra Hatton discussed. And, Audius co-founder and CEO Roneil Rumburg explained how the Web3 music streaming platform is integrating with TikTok.\nGitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index:The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.\nStablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past, WSJ:Tether, the company behind the world\'s largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.\nETHDenver Looks Cringey to You Because Ethereum Has an Actual Community:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nChainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet:Base also joins the data provider\'s Scale program, allowing developers to construct smart contracts that can react to external information at a subsidized cost.\nBankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts:The firm paused withdrawals in June, citing extreme market conditions.', 'Cryptocurrencies started the working week in Asia in the red, with Bitcoin, Ether and the rest of the top 10 non-stablecoin tokens trading lower on Monday morning. Concern is still evident about the fate of crypto bank Silvergate , which warned of financial problems last week, and the potential fallout. Several leading crypto platforms have cut ties with the bank. These concerns overrode the bullish day for U.S. equities on Friday as comments from Federal Reserve officials seemed to ease worries about sharper interest rate hikes ahead. Fed Chairman Jerome Powell appears before Congress this week to give more indications on current policy views at the central bank. See related article: Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate Fast facts Bitcoin edged 0.45% lower in the past 24 hours to US$22,465 as of 09:30 a.m. in Hong Kong, according to CoinMarketCap data , bringing its seven-day loss to 4.33%. Ether dropped 0.98% to US$1,567, losing 4.15% in the past seven days. Solana fell 2.48% to US$20.96 and is down 9.09% for the week. Solana Labs unveiled a plan to improve network upgrades last Wednesday, after a glitch slowed down transactions on Solana and forced the network to restart on Feb. 26. XRP dropped 2.35% to US$0.37, for a weekly loss of 2.48%. Ripple, the crypto payment network powered by XRP, said last Friday that a recent ruling by the U.S. supreme court was in support of Ripple in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), according to Reuters . Silvergate Bank discontinued the Silvergate Exchange Network (SEN) on Friday, a service that allowed clients to make transactions around the clock. Silvergate said on Thursday it was evaluating “its ability to continue as a going concern,” which resulted in multiple crypto firms cutting ties with the embattled bank . The total crypto market capitalization moved 0.33% higher in the past 24 hours to US$1.03 trillion. Total trading volume over the last 24 hours rose 7.76% to US$28.85 billion. U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 1.17%, the S&P 500 moved up 1.61% and the Nasdaq Composite Index posted the largest gain of 1.97%. The rise in equity markets followed Atlanta Fed President Raphael Bostic comment that he favors a 25 basis point increase in interest rates when the Fed meets later this month, which is in line with market expectations. He also suggested the series of rate hikes that started last year to tackle a surge in inflation may pause by summer. However, Bostic and Fed Governor Christopher Waller both stressed the Fed will be guided by what the data shows on inflation. Investors are positioning for this week’s U.S. data releases on factory orders on Monday, the state of the job market on Friday, and comments from Fed Chair Jerome Powell when he appears before the Senate Banking Committee and House Financial Services Committee on Tuesday and Wednesday. The Fed will make its next move on interest rates on March 22, with rates currently between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 73.0% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 27.0% chance for a raise of 50 basis points, a decrease from 27.7% last Friday. See related article: Ethereum core developers delay Shanghai hard fork to early April', 'Cryptocurrencies started the working week in Asia in the red, with Bitcoin, Ether and the rest of the top 10 non-stablecoin tokens trading lower on Monday morning. Concern is still evident about the fate of crypto bankSilvergate, which warned of financial problems last week, and the potential fallout. Several leading crypto platforms have cut ties with the bank. These concerns overrode the bullish day for U.S. equities on Friday as comments from Federal Reserve officials seemed to ease worries about sharper interest rate hikes ahead. Fed Chairman Jerome Powell appears before Congress this week to give more indications on current policy views at the central bank.\nSee related article:Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate\n• Bitcoin edged 0.45% lower in the past 24 hours to US$22,465 as of 09:30 a.m. in Hong Kong, according toCoinMarketCap data, bringing its seven-day loss to 4.33%. Ether dropped 0.98% to US$1,567, losing 4.15% in the past seven days.\n• Solana fell 2.48% to US$20.96 and is down 9.09% for the week. Solana Labs unveiled a plan to improve network upgrades last Wednesday, after aglitchslowed down transactions on Solana and forced the network to restart on Feb. 26.\n• XRP dropped 2.35% to US$0.37, for a weekly loss of 2.48%. Ripple, the crypto payment network powered by XRP,saidlast Friday that a recent ruling by the U.S. supreme court was in support of Ripple in its ongoinglawsuitwith the U.S. Securities and Exchange Commission (SEC), according toReuters.\n• Silvergate Bankdiscontinued the Silvergate Exchange Network(SEN) on Friday, a service that allowed clients to make transactions around the clock. Silvergate said on Thursday it was evaluating “its ability to continue as a going concern,” which resulted in multiplecrypto firms cutting ties with the embattled bank.\n• The total crypto market capitalization moved 0.33% higher in the past 24 hours to US$1.03 trillion. Total trading volume over the last 24 hours rose 7.76% to US$28.85 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 1.17%, the S&P 500 moved up 1.61% and the Nasdaq Composite Index posted the largest gain of 1.97%.\n• The rise in equity markets followed Atlanta Fed President Raphael Bosticcommentthat he favors a 25 basis point increase in interest rates when the Fed meets later this month, which is in line with market expectations. He also suggested the series of rate hikes that started last year to tackle a surge in inflation may pause by summer. However, Bostic andFed Governor Christopher Wallerboth stressed the Fed will be guided by what the data shows on inflation.\n• Investors are positioning for this week’s U.S. data releases on factory orders on Monday, the state of the job market on Friday, and comments from Fed Chair Jerome Powell when he appears before the Senate Banking Committee and House Financial Services Committee on Tuesday and Wednesday.\n• The Fed will make its next move on interest rates on March 22, with rates currently between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 73.0% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 27.0% chance for a raise of 50 basis points, a decrease from 27.7% last Friday.\nSee related article:Ethereum core developers delay Shanghai hard fork to early April', 'Cryptocurrencies started the working week in Asia in the red, with Bitcoin, Ether and the rest of the top 10 non-stablecoin tokens trading lower on Monday morning. Concern is still evident about the fate of crypto bankSilvergate, which warned of financial problems last week, and the potential fallout. Several leading crypto platforms have cut ties with the bank. These concerns overrode the bullish day for U.S. equities on Friday as comments from Federal Reserve officials seemed to ease worries about sharper interest rate hikes ahead. Fed Chairman Jerome Powell appears before Congress this week to give more indications on current policy views at the central bank.\nSee related article:Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate\n• Bitcoin edged 0.45% lower in the past 24 hours to US$22,465 as of 09:30 a.m. in Hong Kong, according toCoinMarketCap data, bringing its seven-day loss to 4.33%. Ether dropped 0.98% to US$1,567, losing 4.15% in the past seven days.\n• Solana fell 2.48% to US$20.96 and is down 9.09% for the week. Solana Labs unveiled a plan to improve network upgrades last Wednesday, after aglitchslowed down transactions on Solana and forced the network to restart on Feb. 26.\n• XRP dropped 2.35% to US$0.37, for a weekly loss of 2.48%. Ripple, the crypto payment network powered by XRP,saidlast Friday that a recent ruling by the U.S. supreme court was in support of Ripple in its ongoinglawsuitwith the U.S. Securities and Exchange Commission (SEC), according toReuters.\n• Silvergate Bankdiscontinued the Silvergate Exchange Network(SEN) on Friday, a service that allowed clients to make transactions around the clock. Silvergate said on Thursday it was evaluating “its ability to continue as a going concern,” which resulted in multiplecrypto firms cutting ties with the embattled bank.\n• The total crypto market capitalization moved 0.33% higher in the past 24 hours to US$1.03 trillion. Total trading volume over the last 24 hours rose 7.76% to US$28.85 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 1.17%, the S&P 500 moved up 1.61% and the Nasdaq Composite Index posted the largest gain of 1.97%.\n• The rise in equity markets followed Atlanta Fed President Raphael Bosticcommentthat he favors a 25 basis point increase in interest rates when the Fed meets later this month, which is in line with market expectations. He also suggested the series of rate hikes that started last year to tackle a surge in inflation may pause by summer. However, Bostic andFed Governor Christopher Wallerboth stressed the Fed will be guided by what the data shows on inflation.\n• Investors are positioning for this week’s U.S. data releases on factory orders on Monday, the state of the job market on Friday, and comments from Fed Chair Jerome Powell when he appears before the Senate Banking Committee and House Financial Services Committee on Tuesday and Wednesday.\n• The Fed will make its next move on interest rates on March 22, with rates currently between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 73.0% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 27.0% chance for a raise of 50 basis points, a decrease from 27.7% last Friday.\nSee related article:Ethereum core developers delay Shanghai hard fork to early April', "Jazz Pharmaceuticals plc (NASDAQ:JAZZ) Q4 2022 Earnings Call Transcript March 1, 2023\nOperator:Good day, and welcome to the Jazz Pharmaceuticals Fourth Quarter and Full Year 2022 Financial Results Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there'll be a question-and-answer session. Instructions will be given at that time. As a reminder, this call is being recorded. I would now like to turn the call over to Darren Fox, Executive Director of Investor Relations. You may begin.\nDarren Fox:Thank you, operator, and good afternoon, everyone. Today, Jazz Pharmaceuticals reported its fourth quarter and full year 2022 financial results. The slide presentation accompanying this webcast is available on the Investors section of our website. Investors may also refer to the press release we issued earlier today, which is also posted on our website. On the call today are Bruce Cozadd, Chairman and Chief Executive Officer; Renee Gala, Executive Vice President and Chief Financial Officer; Dan Swisher, President and Chief Operating Officer; and Rob Iannone, Executive Vice President, Global Head of R&D. Kim Sablich, Executive Vice President and General Manager, United States, will join the team for Q&A. On Slide 2, I'd like to remind you that today's webcast includes forward-looking statements, such as those related to our future financial and operating results, growth potential and anticipated developments and commercialization milestones and goals, which involve risks and uncertainties that could cause actual events, performance, and results to differ materially from those contained in these forward-looking statements.\nWe encourage you to review the statements contained in today's press release, in our slide deck, and in our latest SEC disclosure documents, which identify certain factors that may cause the company's actual events, performance, and results to differ materially from those contained in the forward-looking statements made on today's webcast. We undertake no duty or obligation to update our forward-looking statements. Turning to Slide 3. On this webcast, we will discuss non-GAAP financial measures. Reconciliations of GAAP to non-GAAP financial measures are included in today's press release and the slide presentation available on the Investors section of our website. I'll now turn the call over to Bruce.\nBruce Cozadd:Thanks, Darren. Good afternoon, everyone, and thank you for joining us today. I'm excited to share our strong fourth quarter and full year results, capping off an outstanding year of performance and execution for Jazz, providing us with significant momentum as we enter 2023 and continue to drive towards Vision 2025. I'll start on Slide 5. This year, Jazz is celebrating its 20th anniversary. Over those 20 years, we remained focused on our purpose of improving the lives of patients and our commitment to being a great place to work, while delivering consistent top-line growth. In 2022, we've built on that foundation of strong execution, achieving record revenue, advancing multiple therapies in our pipeline and adding several exciting molecules through corporate development, all while remaining focused on disciplined capital allocation and operational excellence.\nAll of these accomplishments, contributed to the ongoing transformation of our business to a high-growth global biopharma leader and position us well to achieve Vision 2025. Vision 2025 includes three components central to driving sustainable growth and enhanced value as we transform our company: commercial, pipeline and operational excellence. I'll now highlight several of our accomplishments in each of those areas in 2022, starting with commercial. Based on our strong commercial performance, we continued to deliver significant revenue growth. In 2022, we recorded $3.7 billion in revenue, which represented an 18% increase compared to 2021. Our top-line growth was driven by the continued success of three recently launched products, Xywav, Zepzelca, and Rylaze, along with strong growth for Epidiolex.\nXywav is now our largest product by revenue, annualizing at more than $1 billion. Based on our outstanding commercial execution, we achieved our 2022 total revenue guidance as well as guidance for each of our Neuroscience and Oncology franchises. Moving to the pipeline, we continue to advance our clinical portfolio and added three exciting new molecules to our pipeline during 2022. Within the past three months, our most recent Oncology pipeline addition, zanidatamab, has had positive data readouts in both of its initial target indications. Over the course of the year, we initiated seven new clinical trials, submitted four new INDs, generated multiple important datasets, and received regulatory approval for an important update to Rylaze dosing.\nOur pipeline has never been as robust or productive as it is right now and we have multiple value inflection points over the next 12 to 24 months. On operational excellence, our continued focus on disciplined capital allocation and operating efficiency drove a 2022 adjusted operating margin of 48%, which represents a substantial increase from the 43% we recorded in 2021. We significantly reduced our net leverage ratio and continued to diversify our revenues in 2022, while also executing multiple strategic transactions that we believe will create sustainable value for patients and shareholders. These achievements on both the top- and bottom-line enabled us to significantly increase our operating cash flow and financial strength. We generated $1.3 billion in cash from operations and the overall health of our balance sheet is enabling us to be active in pursuing additional corporate development opportunities.\nTurning to Slide 6. We've made substantial progress since introducing Vision 2025 last January, and we remain focused on our transformation to a high-growth global biopharma leader. Our many accomplishments in 2022 have positioned us well for 2023. Despite the recent introduction of an authorized generic of Xyrem, which until recently was the company's largest product by net sales, we are entering the year with an expectation of achieving top-line revenue growth in 2023 and remain confident in our ability to achieve the important milestones underpinning Vision 2025. I'll now turn the call over to Dan for an overview of our commercial performance, after which Rob will share an update on progress across our R&D programs. Renee will then provide a financial overview, which will include a discussion of our 2023 guidance in addition to 2022 performance.\nWe'll then open the call to Q&A. Dan?\nDan Swisher:Thanks, Bruce. I'm excited to share the continued progress across our commercial portfolio. I'll start on Slide 8, with Neuroscience and oxybate. As a leader in sleep medicine, we believe the approval of Xywav in mid-2020 marked a meaningful advance in patient care. As the lower-sodium oxybate, Xywav has offered patients with narcolepsy and IH, who are taking a lifelong therapy to address their sleep disorders, a way to reduce sodium intake which is a known risk factor for cardiovascular disease. In the fourth quarter, average active oxybate patients increased to approximately 18,000, representing growth of approximately 11% compared to the same period last year. There were approximately 10,300 active Xywav patients exiting the quarter, resulting from strong adoption in both narcolepsy and IH.\nOver the course of 2022, this compelling adoption continued to reinforce our confidence in the durability of Xywav, and we expect Xywav to grow and remain the oxybate of choice in 2023. As Bruce noted, Xywav became our largest product in net sales in the fourth quarter '22, annualizing at more than $1 billion and on track to achieve blockbuster status in 2023. We continue to see robust uptake of Xywav for narcolepsy in the fourth quarter and we exited the quarter with approximately 8,550 narcolepsy patients taking Xywav. There are now more narcolepsy patients on Xywav than Xyrem, indicating our sodium messaging is resonating with healthcare providers and patients. In addition to adoption of Xywav among current Xyrem patients, the large majority of new to oxybate narcolepsy patients are being prescribed Xywav.\nXywav is the first and only FDA-approved therapy for IH, and we're continuing to see increased enthusiasm among physicians for identifying appropriate patients and initiating therapy. Exiting the fourth quarter, there were approximately 1,750 IH patients taking Xywav. We remain focused on educating prescribers and patients about the compelling efficacy and established safety profile of Xywav and are confident in our ability to maximize Xywav's potential in this underserved market. I also want to comment on the evolving landscape for oxybate. In January 2023, an authorized generic to Xyrem was launched. We expect that Xywav will both grow and remain the oxybate of choice in 2023 even with one or more authorized generics on the market and branded competition potentially entering the marketplace this year.\nXywav remains the only lower-sodium oxybate available to patients and we expect it to be the only oxybate indicated for IH for the foreseeable future. FDA has recognized Xywav as clinically superior to Xyrem by means of greater safety. In addition, we have orphan drug exclusivity that extends to 2027 for narcolepsy and 2028 for IH, as well as Orange Book-listed patents that extend out to 2033. All of these factors give us confidence that Xywav is a durable product that will continue to be a core growth driver for Jazz. Turning to Slide 9, and Epidiolex. Net product sales grew by 7% in the fourth quarter and 12% for the full year 2022, compared to the same periods in 2021 on a pro-forma basis, with growth driven primarily by underlying demand.\nNow that we're several years out from lunch, we have visibility into seasonality trends. Inventory typically builds over the course of the second half of the year, which results in lower revenues in the first half. Our success in growing Epidiolex this year has been driven by a number of factors, including increased access to treatment centers and physician offices, leading to more face-to-face interactions. Given the promotionally sensitive nature of Epidiolex and the anti-epilepsy market as a whole, greater access to HCPs has been a key driver. We continue to add new prescribers, our volume of engagement with HCPs is increasing, and our market research indicates nearly 60% of prescribers are moving Epidiolex up in the treatment algorithm, all positive indicators for continued growth.\nThere has been continued adoption of Epidiolex in ex-U.S. markets. With the recent launch in France, Epidiolex is fully reimbursed and commercially available in all five major European markets. We remain excited about the future growth in blockbuster potential of Epidiolex. We are confident that this that with its unique mechanism of action and ability to be combined with other therapies along with increasing positive experiences in real-world settings, Epidiolex can become standard of care in treatment-resistant epilepsies and achieve blockbuster status. Now moving to Slide 10, and Zepzelca. We have rapidly established Zepzelca as the treatment of choice in second-line small-cell lung cancer, achieving $607 million in revenue sense launch in mid-2020.\nYear-over-Year revenue growth was 11% and 9% for the fourth quarter and full year, respectively. We have multiple ongoing efforts to further expand market share in the second-line setting by investing in real-world evidence and observational studies that we believe will generate additional data around Zepzelca's utility in a broad range of second-line small-cell lung cancer patients. Our robust development program, which Rob will outline in more detail shortly, is exploring the utility of Zepzelca in several new patient populations. Our nearest-term opportunity for meaningful growth comes from the potential of Zepzelca to be used in first-line treatment of small-cell lung cancer. We also have trials assessing the efficacy and safety of Zepzelca in other tumor types.\nAs highlighted on Slide 11, the Rylaze launch has been incredibly successful with $367 million in revenue since launch in mid-2021, including 25% revenue growth in the fourth quarter of 2022 compared to the same period in 2021. Rylaze remains the only therapy available to patients in the U.S. who have a hypersensitivity reaction to E. coli-derived asparaginase. It has been adopted universally in pediatric oncology protocols and having solved for the supply constraints for non-E. coli-derived asparaginase. Healthcare professionals are reporting that they are returning to best clinical practice and switching ALL and LBL patients to Rylaze earlier when there has been an initial hypersensitivity reaction observed. We are encouraged to see that there is increasing use of Rylaze in the treatment of adolescents and young adults, a potential growth driver for 2023.\nTo summarize, we are continuing to execute incredibly well on commercial and are maintaining the momentum to successful launches for our key products. Now, I will turn the call over to Rob for an update on our pipeline progress in 2022 and milestones for 2023. Rob?\nPhoto by freestocks on Unsplash\nRob Iannone:Thanks, Dan. In recent years, we have enhanced the breadth and depth of our pipeline, as well as our R&D capabilities. Our acquisition of GW in 2021 accelerated that process and, in 2022, we added three promising candidates to our pipeline: zanidatamab, a novel late-stage oncology asset; JZP441, an orexin-2 receptor agonist for which we initiated a Phase 1 clinical program in 2022; and JZP898, a differentiated conditionally-activated interferon alpha INDUKINE molecule that will be entering the clinic later this year. Starting on Slide 13, I'll highlight the most recent addition to our pipeline, zanidatamab, a novel HER2-targeted bispecific antibody with biparatopic binding and the potential to transform the current standard of care in multiple HER2 expressing cancers.\nAs an oncologist, I'm impressed to see monotherapy activity with zanidatamab across multiple HER2 expressing tumor types, including cases resistant to prior HER2 therapies. Based on its potential to benefit patients across multiple tumor types, we are committed to advancing this program as rapidly as possible. The most advanced clinical work with zanidatamab is in biliary tract cancer, or BTC, and metastatic gastroesophageal adenocarcinoma, or GEA. These are cancers with significant unmet need and poor outcomes with current standards of care. Our confidence in zanidatamab has only grown based on positive data in both of these settings. Continuing on to Slide 14, we were very encouraged by the positive top-line results from the recent pivotal trials of zanidatamab in BTC and the first overall survival data for zanidatamab from the Phase 2 first line GEA study.\nIn December, our partners Zymeworks announced positive top-line results from a pivotal Phase 2b open-label single-ARM clinical trial called HERIZON-BTC-01, evaluating zanidatamab as monotherapy in patients with previously-treated HER2 amplified and expressing BTC. In the trial, 41% of these patients with HER2 amplified and expressing disease achieved an objective response as assessed by a blinded independent central review. The median duration of response at the time of data cut-off was 12.9 months. By contrast, standard of care chemotherapy in second-line BTC would be expected to have an objective response rate of less than 10%. The safety profile of zanidatamab in the trial was consistent with that observed in previously reported monotherapy studies.\nCurrently, there are no HER2-targeted therapies approved for the treatment of BTC, and we plan to discuss the potential regulatory path forward for zanidatamab in BTC with the FDA. In January, at the ASCO GI conference, the first overall survival data for zanidatamab were presented from a Phase 2 trial, evaluating zanidatamab in combination with chemotherapy and first-line patients with HER2 expressing metastatic GEA. The preliminary results showed that zanidatamab in combination with chemotherapy is a highly active treatment regimen with the ability to generate significant and durable responses. At the time of the analysis, the median overall survival had not yet been reached, with a median duration of study follow-up of 26.5 months. The 18-month overall survival rate was 84%.\nThe overall survival findings in this trial are compelling, given the historically reported overall survival rate for the currently approved standard of care has a median of 14 months. These results show zanidatamab's potential as a foundational treatment in patients with HER2 positive GEA and we look forward to additional data from the ongoing pivotal Phase 3 GEA trial, expected to readout in 2024, which may support U.S. and global regulatory filings. Importantly, ongoing research efforts on zanidatamab will inform development and indications beyond BTC and GEA. Turning to Slide 15, we've detailed key clinical programs in our pipeline. Starting with Neuroscience. We have initiated a Phase 2 trial for the treatment of Parkinson's disease tremor with JZP385 or suvecaltamide.\nThis is in addition to our ongoing Phase 2b trial in essential tremor for which we anticipate top-line data in the first half of 2024. For JZP150, enrollment is ongoing in our Phase 2 PTSD trial with top-line data expected later this year. In 4Q 2022, we initiated our Phase 1 program for the orexin-2 receptor agonist JZP441. And there are currently healthy volunteer trials in the clinic. We anticipate initial proof-of-concept in healthy volunteers this year. Moving to Oncology, as Dan mentioned, we are continuing to execute our robust development efforts for Zepzelca. This includes an ongoing Phase 3 trial in collaboration with Roche to evaluate Zepzelca in combination with Tecentriq in first-line extensive stage small-cell lung cancer. A confirmatory Phase 3 trial in second-line small-cell lung cancer being run by our partner PharmaMar in our post-marketing observational trial in second-line small-cell lung cancer.\nWe're also explori
**Last 60 Days of Bitcoin's Closing Prices:**
[16836.74, 16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-06
**Financial & Commodity Data:**
- Gold Closing Price: $1847.90
- Crude Oil Closing Price: $80.46
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,720,451,069
- Hash Rate: 282508802.8583337
- Transaction Count: 316016.0
- Unique Addresses: 671836.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: 2022 was a brutal year for stocks and bonds. The S&P 500 fell 19%, its worst performance since 2008. The Dow fared the best of the major indexes, losing “only” about 9%.
The Nasdaq plunged 33%, as many earlier high-flying stocks were beaten down. The tech-heavy index underperformed the broader benchmark by the biggest margin since 2002, per WSJ.
The iShares MSCI Turkey ETF TUR was the top performing unleveraged ETF with a gain of over 100%. Domestic investors piled into Turkish stocks as inflation surged to over 80%. The central bank shocked global experts by continuing interest rate cuts to boost growth even as the lira slumped almost 30% against the dollar.
The Simplify Interest Rate Hedge ETF PFIX, which seeks to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases, gained over 90%.
The VanEck Oil Services ETF OIH returned about 66% as many oilfield services companies like Schlumberger SLB and Halliburton HAL reported blockbuster profits.
Crypto and blockchain related ETFs were among the worst performing areas as Bitcoin plunged about 65% last year. The Viridi Bitcoin Miners ETF (RIGZ), which liquidated yesterday, was down 87%.
Cannabis stocks and ETFs suffered from Democrats’ failure to pass any banking reforms for marijuana companies. With a Republicans House majority now, there is little hope of any legal reforms over the next two years.
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Zacks Investment Research...
- Reddit Posts (Sample): [['u/DeeperBags', 'Top 25 projects on November 14th 2021 (2 days after ATH) and now.', 15, '2023-03-06 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/', "On **11/12/2021**, BTC reached ATH, and it has been 478 days since - making this by far the longest bear market in history. It really doesn't feel like it's been that long to me though.. \n\nOn **November 14, 2021,** just as we were beginning our descent - here's what the top 25 looked like: \n\nhttps://preview.redd.it/pmlvznm870ma1.png?width=930&format=png&auto=webp&v=enabled&s=d19cb1e10299e68ccccfa6671460092bac0fa89f\n\nIn contrast, here's what the top 25 projects looks like today:\n\n[Current top 25 \\(1-15\\)](https://preview.redd.it/uj4cim8x70ma1.png?width=918&format=png&auto=webp&v=enabled&s=5d9f37d9f5874227f02a759af52e77ca3ee50c4e)\n\n[Current top 25 \\(16-25\\)](https://preview.redd.it/yvw1jm5180ma1.png?width=913&format=png&auto=webp&v=enabled&s=e575bbf67931bc53596e62fff51fb16f395516de)\n\nA few projects have managed to gain in the ranks - **Polygon rocketed from 21st rank all the way to 8th**, DAI, and ATOM propelled themselves into the top 25 - BNB **overtook Tether for 3rd**, while **XRP gained 2 places in the rankings**. \n\nThere are some clear **lunas**, excuse me - ***losers*** *as well in this bear market.*. **USDC** dropped from 5th to 10th in the rankings, while **Solana's** rank also fell dramatically from 5th to 11th.\n\nSome coins simply refuse to move - with **Dogecoin stubbornly holding 9th**, and **Cardano** hovering between 6-7th rank.\n\nOverall, I'm surprised to see that the top 25 looks as similar today as it did back then, sincee bear markets have a way of flushing projects down the drain. \n\nHopefully somebody finds this interesting, was bored.\n\n**Have a good night /cc!**", 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/', '11jhr4h', [['u/Repulsive_Music7242', 11, '2023-03-06 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/jb2pi4c/', 'Look how they massacred my CRO', '11jhr4h']]], ['u/Odlavso', 'Man who accidently threw away his computer filled with bitcoin has finally found it in the dump.', 2430, '2023-03-06 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/', 'After years of looking for his lost computer that he believed was filled with 7,500 bitcoins the man has found it.\n\nthe entire thing cost him around 2.5 million after paying for excavators, labor and city permits to dig up the landfill. He was relieved after finding the computer last month and had a professional data recovery company working on it for the last four weeks trying to recover his lost wallet, this cost alone was $400k.\n\nUnfortunately it turns out the wallet was actually filled with bitcoin cash a hard fork of bitcoin worth a fraction of the price of actual bitcoin.\n\n7,500 x $124 + $930k\n\nso he is now about 1.6 million in debt to cover the cost of the loan he took out using the believed bitcoin as collateral.\n\n&#x200B;\n\nhttps://preview.redd.it/llaiy3xxc0ma1.jpg?width=1224&format=pjpg&auto=webp&v=enabled&s=b9c3049ae4d260596f83eea21e76dd767a2e3a27\n\nyou can see the look of defeat in his face.', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/', '11ji1zw', [['u/Ginryuuki', 10, '2023-03-06 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2plfe/', "lmao can't even remember what he kind of wallet he has", '11ji1zw'], ['u/Kappatalizable', 74, '2023-03-06 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2qg77/', '*directed by Robert B. Weide*', '11ji1zw'], ['u/ShartSpray88', 1156, '2023-03-06 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2qzcp/', 'Poor dude, That’s forked up.', '11ji1zw'], ['u/Fritz1818', 11, '2023-03-06 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r36t/', "For real though I feel sorry for this dude who's been searching for 10 years", '11ji1zw'], ['u/XxspsureshotxX', 60, '2023-03-06 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r5ns/', 'That is such a trash ending to the story.', '11ji1zw'], ['u/OsteoRinzai', 29, '2023-03-06 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r8es/', "You couldn't make up a better end if you tried. This is absolutely hilarious. I feel bad for the dude but I never saw this one coming. At least we've got some closure now.", '11ji1zw'], ['u/raphael-iglesias', 28, '2023-03-06 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rlc3/', 'Guy spent years looking for his HD in a literal trash pile, only to find out that the HD also consisted of literal trash. Ironic justice imo.', '11ji1zw'], ['u/Elie0_0', 12, '2023-03-06 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rtf0/', "Good thing it's fake, haha, Comedy flair.\n\n\n\nWould've been hilarious if it was real", '11ji1zw'], ['u/techsupport261', 67, '2023-03-06 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rui2/', "I'm not sure if people missed the comedy flair and are sympathizing with the guy in the story, thinking it's real, or if they're commenting with a higher level of sarcasm.", '11ji1zw'], ['u/Hypno_Hamster', 304, '2023-03-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rvaj/', 'Conspiracy: The data recovery guy stole the bitcoin and replaced it with a bitcoin cash wallet. The perfect crime.', '11ji1zw'], ['u/JERMYNC', 16, '2023-03-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rw6o/', 'Very, very Fu*ked up', '11ji1zw'], ['u/stoneman9284', 10, '2023-03-06 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s2tk/', 'We need a FICTION flair', '11ji1zw'], ['u/Odlavso', 43, '2023-03-06 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s3m4/', "Well I kind of made this one up. \n \nYou think I'm good enough to go professional comedy writer?", '11ji1zw'], ['u/Consistent_Many_1858', 11, '2023-03-06 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s4wu/', "It's still worth 900k which is something.", '11ji1zw'], ['u/LetsSeeWhatsGoinOn', 21, '2023-03-06 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s9jo/', 'holy shit thats not how i expected this to end', '11ji1zw'], ['u/sacred_thinker', 877, '2023-03-06 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2saxe/', "For a second I was so happy for him. After seeing the Comedy Flair I'm genuinely disappointed", '11ji1zw'], ['u/OsteoRinzai', 10, '2023-03-06 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sgo8/', "You got me good, I missed the flair, but I'll leave the post up because I hope your version pans out!", '11ji1zw'], ['u/ricozuri', 30, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2skem/', 'They missed the comedy flair. Higher levels of anything escape when moon farming.', '11ji1zw'], ['u/raphael-iglesias', 13, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2skut/', "Yeah not if you've supposedly spent 2.5 million getting it out of there. \n\nAnd yeah I know this is just a troll.", '11ji1zw'], ['u/Maxx3141', 150, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sls4/', 'Thought there were Bitcoin in the trash, turns out it was Bitcoin Cash. Common beginner mistake.', '11ji1zw'], ['u/NUPreMedMajor', 60, '2023-03-06 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2snfn/', 'it would be on chain…', '11ji1zw'], ['u/sos755', 3354, '2023-03-06 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sp2f/', 'For those who are not aware, the article is fake. His bitcoins were lost in 2013. Bitcoin Cash forked in 2017.', '11ji1zw'], ['u/Odlavso', 11, '2023-03-06 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sro6/', '\n\nGenius data recovery specialist', '11ji1zw'], ['u/Odlavso', 81, '2023-03-06 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t2xj/', 'Thought there were Bitcoin in the trash, turns out it was just trash in the trash', '11ji1zw'], ['u/BrowsingCoins', 95, '2023-03-06 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t74s/', 'My reaction exactly', '11ji1zw'], ['u/UsedTableSalt', 44, '2023-03-06 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t9sf/', 'He’s filthy but not rich', '11ji1zw'], ['u/Manxjadey', 12, '2023-03-06 01:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t9su/', 'Sadly, it’s almost exactly how I expected it to end', '11ji1zw'], ['u/sacred_thinker', 39, '2023-03-06 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2ti09/', 'I kinda wanna laugh but the disappointment is bigger', '11ji1zw'], ['u/meeleen223', 24, '2023-03-06 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2ubn7/', 'Ironic he is actually taking trash out of trash', '11ji1zw'], ['u/Elie0_0', 13, '2023-03-06 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2ud1x/', "You can laugh all you want, it's a comedy post, satire, haha.\n\n\n\nSome people actually do buy forks thinking them to be the original coins though", '11ji1zw'], ['u/Odysseus_Lannister', 19, '2023-03-06 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2udzs/', 'Comedy is often on the borderline of tragedy', '11ji1zw'], ['u/002_timmy', 331, '2023-03-06 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2ujk9/', 'No way. u/Odlavso only tells the truth!', '11ji1zw'], ['u/Walla_Walla_26', 13, '2023-03-06 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2ukjn/', 'Instant bankruptcy proceedings incoming', '11ji1zw'], ['u/sacred_thinker', 11, '2023-03-06 01:31', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2una7/', 'I kinda wanted him to really find it.', '11ji1zw'], ['u/GabeSter', 19, '2023-03-06 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2v5yw/', 'He might not know how to check for it.', '11ji1zw'], ['u/FattestLion', 13, '2023-03-06 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2vdtx/', 'I guess you could say it was Bitcoin Trash.', '11ji1zw'], ['u/ablablababla', 11, '2023-03-06 01:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2veci/', "When there's hundreds of millions of dollars on the line, I'd bet he'd spend the time to learn", '11ji1zw'], ['u/deathbyfish13', 28, '2023-03-06 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2vsvi/', "You're telling me this **comedy** post by the infamous u/Odlavso is fake?\n\n*shocked pikachu face*", '11ji1zw'], ['u/deathbyfish13', 13, '2023-03-06 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2vz5d/', "Given this subs track record I wouldn't be surprised if people don't know how to check for it lol", '11ji1zw'], ['u/Dyskord01', 28, '2023-03-06 01:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2w70f/', 'I trust OP\n\nNo one on the internet lies.', '11ji1zw'], ['u/deathbyfish13', 76, '2023-03-06 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2wn8v/', 'Yeah I went from being happy that he found it to sad that he had the wrong crypto to happy again that it was all comedy', '11ji1zw'], ['u/Drwgeb', 36, '2023-03-06 01:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2wx6v/', "We don't have a lot of them around here", '11ji1zw'], ['u/Cptn_BenjaminWillard', 316, '2023-03-06 01:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2xo2o/', 'This makes no sense. We\'ve been hearing this story for years, probably since before Bcash was created in 2017. If that timing is correct, then the only semi-logical take is that if the Bitcoin Cash is there, the Bitcoin should still be there. The Bitcoin had to be there on August 1st 2017 in order for the BCash to be generated.\n\nSo are you saying that this mofo had 7500 actual Bitcoin in 2017, sold them AFTER the fork, and forgot that he sold them. Something simply doesn\'t add up here.\n\nMaybe he\'s trying to make it look like he\'s not a sudden multi-millionaire, so his family doesn\'t come calling?\n\nOr maybe the "professional data recovery" company did something fishy.', '11ji1zw'], ['u/oboshoe', 70, '2023-03-06 01:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2xpeo/', 'thanks. yea that was really not sounding right.\n\ni made some good money when the bitcoin cash fork occurred and i was pretty damn sure it was after bitcoin had already hit 5 figures.\n\ni sold all the bitcoin cash immediately. it was like free money.', '11ji1zw'], ['u/CaseyGuo', 13, '2023-03-06 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb30m19/', 'But that means if he DOES find his seed, he can also access the forked BCH?', '11ji1zw'], ['u/JERMYNC', 56, '2023-03-06 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb30sel/', "He's been discovered by true crime detective", '11ji1zw'], ['u/HomieApathy', 35, '2023-03-06 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb31qkz/', 'It must be satire', '11ji1zw'], ['u/Nerd02', 196, '2023-03-06 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb321cy/', 'Or maybe - it sounds crazy, I know, but hear me out - this post had a "Comedy" flair for a reason', '11ji1zw'], ['u/nomorebonks', 21, '2023-03-06 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb32khp/', 'This sub blows', '11ji1zw'], ['u/milonuttigrain', 24, '2023-03-06 02:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb34h57/', '“Professional data recovery” and “comedy”', '11ji1zw'], ['u/myreddit8798', 16, '2023-03-06 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb34n2e/', 'For a moment I thought he really found his bitcoins until I saw the comedy flair', '11ji1zw'], ['u/myreddit8798', 18, '2023-03-06 02:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb34xtq/', 'Same here ….I feel sad for him he must be banging his head everyday for throwing his computer!!', '11ji1zw'], ['u/myreddit8798', 17, '2023-03-06 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb354s5/', 'I think it’s detective Carter and detective lee?? ….Also u/sos755 FYI it’s comedy post', '11ji1zw'], ['u/thenebular', 17, '2023-03-06 02:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb35iyh/', 'It was lost in 2013, long before Bitcoin Cash existed\n\nhttps://www.newyorker.com/magazine/2021/12/13/half-a-billion-in-bitcoin-lost-in-the-dump', '11ji1zw'], ['u/Fuck-MDD', 22, '2023-03-06 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb37yfi/', "Im sort of in his shoes. I had a wallet back when you could solo mine blocks on a shitty CPU. Way before Bitcoin pizza. I was in the navy and just left it running all day in the barracks. I didn't want to lug my PC through the airport so I gave it away when I got orders. I don't know how many coins I had. I know it would have been enough to be Hollywood rich at least. By time Bitcoin gained any value I had mostly forgotten about it. Once it was in the news for hitting 20k or something, it was far enough in the past for me to not give a fuck because I know I woulda sold it for a pizza anyway.", '11ji1zw'], ['u/thatsaccolidea', 36, '2023-03-06 03:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb3bnpy/', '> I know I woulda sold it for a pizza anyway\n\nthis. every single person kicking themselves cos they spent 25 btc on a shitty bag of coke from silkroad needs to understand the longest they would have ever let it ride would be maybe enough for 2 bags of coke.', '11ji1zw'], ['u/BiggusDickus-', 34, '2023-03-06 04:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb3hien/', 'It wasn’t like free money. It WAS free money.', '11ji1zw'], ['u/Typo_Brahe', 10, '2023-03-06 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb3njz3/', 'Mom I want bitcoin\n\nMom: We have bitcoin at home. \n\nBitcoin at home:', '11ji1zw'], ['u/iNeuron', 94, '2023-03-06 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb3vesv/', 'I dont understand. So you just post random fake articles you find to see if anyone calls you out? Thats sounds like such a weird bizarre thing to do', '11ji1zw'], ['u/Nexion21', 19, '2023-03-06 06:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb3vsu4/', 'There is a near-invisible “comedy” flair on this post that I imagine the vast majority of people are missing', '11ji1zw']]], ['u/jvdburger', 'How DCAing turned my life around', 17, '2023-03-06 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11jl0we/how_dcaing_turned_my_life_around/', "tl;dr at the bottom!\n\nHi everyone of /cc,\n\nI wanted to share my personal 'crypto-journey' and becoming addicted, focusing on how DCAing (dollar-cost-averaging) transformed my approach to crypo/investing and ultimately gave me much needed peace of mind. Hopefully this can help others who may be struggling with or have struggled with similar challenges in the past!\n\n**The beginning**\n\nMy journey began in 2017, where I bought my first $50 of Litecoin on binance after a friend told me about it. I believe KYC wasn't even a thing back then, so aquiring it was easy. I didn't understand anything about crypto, pretty sure I didn't even check the price of my investment at the time, not expecting it to have gained much in such a short time (surprise.. it did!), as I was used to 'normal' investing. After the crash the frequent news articles dissapearead, and my interest in the crypto space faded away with it.\n\n**First bull run, becoming addicted**\n\nThen 2021 came around, my first 'real' bull run. Bitcoin had just hit 30k and I remember reading about it somewhere, which prompted me to log back in to my dormant Binance account. I sold the Litecoin bought years ago for about $120 (taking profits, if only I realized how important this is) and began doing what I thought to doing 'research', which in reality mostly consisted of scouring Reddit and YouTube echochambers preaching high returns and claiming Bitcoin would go to around 100K. I remember investing in coins simply because I had read or heard positive things about them, without fully understanding the underlying projects.\n\nWorst part is.. this worked, and I quickly made a very significant amount of unrealized profits, which in my mind was actual money that I owned. As a result of this, I got addicted to staring at charts all day, every day. I was obsessing over price movements, reading crypto related news, rumors, Reddit posts, etc. This behaviour became a habit, and I found it hard to step away from the ever changing market.\n\nThis continued for months on end, until I finally sold all my crypto after Bitcoin dropped from it's all-time-high to around 25K. I realized that this was not healthy or sustainable for me, spending so much time and energy on something that was out of my control. Unfortunately, my obsession with the crypto market also had a negative impact on my personal life. I missed out on spending time with friends and ruined a relationship due to my inability to set priorities.\n\n**Recovery**\n\nAfter realizing all this, I decided to take a step back from crypto. At first it was hard to resist the urge to constantly check the charts and obsess over short-term gains and losses, but things got easier as time went on. I took a hard break from crypto for a couple of months until late 2022, spending these months mostly reading and learning from my mistakes.\n\nAround this time I got fascinated with blockchain technology in general. I also felt like I was educated enough to start accumulating again. Instead of trying to time the market, I started investing a small amount every week, and it has been one of the best decisions I've ever made for my mental and financial health.\n\n**What DCAing did for me**\n\nDCAing has helped me to avoid stress and anxiety of trying to time the market, while still allowing me to benefit from the potential growth of cryptocurrency and blockchain technology in the long term. Furthermore it has helped me to stay disciplined and set priorities, rather than getting distracted all the time. Five minutes a week is all I need nowadays!\n\nThank you for reading this far! This is just my personal experience, I hope that my story can be helpful/inspiring for others who may be struggling with similar issues, and that it can provide some insights for those who are new to the space.\n\n**tl;dr**\n\nBecame addicted to crypto investing during the 2021 bull run, realized the negative impact it had on my mental health and personal life. After taking a break and educating myself I started DCAing. Best decision I ever made!\n\nWould love to hear everyone elses experiences!", 'https://www.reddit.com/r/CryptoCurrency/comments/11jl0we/how_dcaing_turned_my_life_around/', '11jl0we', [['u/The-Francois8', 13, '2023-03-06 03:01', 'https://www.reddit.com/r/CryptoCurrency/comments/11jl0we/how_dcaing_turned_my_life_around/jb35rsy/', 'Good for you for realizing how to un-stress your life. \n\nI started in 2020, April 2021 hit. I didn’t sell anything at the top. Bought more actually. Said “never again!”\n\nThen November 2021 happened, I started saying things like “this time is different!” And “super-cycle!” And kept buying.', '11jl0we'], ['u/marsangelo', 10, '2023-03-06 03:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11jl0we/how_dcaing_turned_my_life_around/jb369ij/', 'Im currently averaging down my average down 👍', '11jl0we']]], ['u/CuriousGiraffe1024', 'Would you let someone suck your dick for 1k dollars?', 211, '2023-03-06 05:51', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/', "Yes, this is a real situation I am in. The dude hit me up on Grindr; he's already sent me money and has verified he's real. He invested in bitcoin early. Anyway, I feel for me it is a disrespect of my body that I might grow to regret, even if he isn't ugly, lol. (He's not ugly, but he's not good-looking). Like all he wants to do is suck my dick, that's it, and I make 1000 dollars. Am I crazy for not accepting? It just feels kinda icky, even if the money would be nice lol. However, my stupid morals are getting in the way (that's a joke, lol, I love my morals). \n\n&#x200B;\n\nAnd before y'all say he's fake, I've seen fake, and this isn't it, lol. \n\n&#x200B;\n\nLet me know what you all think lol. And if you would do it if you were in my shoes, it's mostly curiosity bc I probably won't, but I am wondering what other guys would do.", 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/', '11jot3d', [['u/Designer-Active-7098', 346, '2023-03-06 06:11', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3rnnr/', 'Gobble me, swallow me…', '11jot3d'], ['u/parodg15', 187, '2023-03-06 06:12', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3rtnj/', 'Shit, i’d let ‘em do it for free.', '11jot3d'], ['u/Danmont88', 69, '2023-03-06 06:30', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3ti52/', 'Send him and his wallet my way.\n\nNaw, there is a scam there somewhere. Did you give him your bank account numbers ?', '11jot3d'], ['u/CuriousGiraffe1024', 18, '2023-03-06 06:49', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3v7ds/', 'Nope none of that, he venomed me $100 dollars though. none of the "what is your bank? what is your bank limit" crap either', '11jot3d'], ['u/damon459', 41, '2023-03-06 06:56', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3vuk5/', 'Hell back in the mid 90’s a guy paid me $500.00 to piss in mouth, I figured it’s his money and I gotta go so why not? I was 19 at the time so the money was helpful, would I do it now, probably not.', '11jot3d'], ['u/majeric', 280, '2023-03-06 07:05', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3wlx3/', 'Sex work is nothing to be a shamed of. Just be safe.', '11jot3d'], ['u/Brian_Kinney', 19, '2023-03-06 07:18', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3xqdb/', "I've done it for less than that! A guy I didn't like offered me $100 to suck my dick. I got a headjob, he got some enjoyment, and I scored some cash.\n\nHowever, like other people are saying, there's a hint of scam about your situation. My situation involved a man standing in front of me, with a physical $100 note. Your man is only virtual, he's talking about cryptocurrency, he sent you $100 to prove he's real, and he's promising you $1,000 later. In lots of cases, this would be the start of a scam. So be *very* wary.", '11jot3d'], ['u/xomikron', 15, '2023-03-06 07:26', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3yect/', 'You would do it for free, but not for a 1k?', '11jot3d'], ['u/cre8ivemind', 14, '2023-03-06 07:31', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3yqxw/', 'What would happen if you sent money back that was sent to you?', '11jot3d'], ['u/apollozeroo', 29, '2023-03-06 07:40', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb3ziut/', 'For $1,000.00 cash upfront yes I would idk care', '11jot3d'], ['u/sfguy93', 44, '2023-03-06 07:55', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb40ovh/', "The original deposit would get flagged as fake and be held from available cash in your account. Additionally, your sending cash back would reduce your balance and may be difficult to recover to reverse the transfer. So you're essentially out double the money.", '11jot3d'], ['u/Classic_Permit3112', 14, '2023-03-06 08:37', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb43xul/', 'i would 100% do it lol wouldn’t think twice', '11jot3d'], ['u/bigglesworth84', 42, '2023-03-06 08:44', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb44fwi/', 'This man is a true wordsmith.', '11jot3d'], ['u/HieronymusGoa', 33, '2023-03-06 09:16', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb46rit/', 'but will OP hit that dangly thing that sits at the back of that throat? 🤔', '11jot3d'], ['u/CourtZealousideal494', 23, '2023-03-06 09:56', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb49knz/', 'Bitch I can’t get anyone to touch me for free. If I thought I could sell this shit, I would.', '11jot3d'], ['u/Meulinia', 10, '2023-03-06 11:00', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb4dudd/', 'You didn’t describe him though, just that he’s not good looking.', '11jot3d'], ['u/Alex09464367', 11, '2023-03-06 11:34', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb4g4m9/', 'They can get it possible to get it flagged as a fraudulent transaction.', '11jot3d'], ['u/minigmgoit', 16, '2023-03-06 13:31', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb4pdyd/', 'Back in the 90’s I used to pick up old guys so I had a place to sleep. Sad but true.', '11jot3d'], ['u/mcj92846', 24, '2023-03-06 13:41', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb4qat1/', 'Agreed. The scam is there somewhere.\n\nOP, this just isn’t the same type of daddy scam that you know to stay away from. He’s gotta be running a good scam if you’re convinced so far, and I’ve gotta believe the “scam” part will reveal itself if you continue going along', '11jot3d'], ['u/mgquantitysquared', 18, '2023-03-06 18:17', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb5r8d2/', 'He might have sent you stolen money that will be clawed back when the person he stole from files a claim. No one spends $1k on a stranger to give them a blowjob, they get into findom or something with a professional', '11jot3d'], ['u/donDT', 28, '2023-03-06 22:07', 'https://www.reddit.com/r/AskGayMen/comments/11jot3d/would_you_let_someone_suck_your_dick_for_1k/jb6pjaf/', 'Insert that meme of “you guys are getting paid?!”', '11jot3d']]], ['u/AutoModerator', '[Daily Discussion] - Monday, March 06, 2023', 17, '2023-03-06 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/', '11jozsn', [['u/_supert_', 16, '2023-03-06 12:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb4iwcm/', '[Arthur with a relatively thoughtful piece about a hypothetical oil price shock](https://blog.bitmex.com/curve-ball/)', '11jozsn'], ['u/zberg69420', 10, '2023-03-06 14:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb4u8sd/', "I dont know where some of ya'll get the TA that's posted here. I apparently cant read the tea leaves or see the triangles right, because nothing on that chart is screaming overbought to me. But I am mostly a degenerate, so that could be it", '11jozsn'], ['u/earthquakequestion', 10, '2023-03-06 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb5d3ih/', 'Coin #2 supporter coming in peace...just curious to hear your thoughts on the 2024 halving and whether you think history repeating itself is inevitable (in terms of it kicking off another massive bull run) or do you think this is the first time crypto breaks with tradition based on the economy/other events around the world.\n\nSorry if this gets talked about a lot in here, just wanted to see what you guys were envisioning for 2023/2024.', '11jozsn'], ['u/xtal_00', 14, '2023-03-06 16:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb5eeed/', "The only thing that will stop Bitcoin's march to global dominant reserve currency is the G7 adopting a hard money gold standard.\n\nWhen you're done laughing at that, stack more sats.\n\nCoin will move towards medium term realized price 30-40k this year. What happens after that is anyone's guess, but I would not be surprised to see the cycle front run.", '11jozsn'], ['u/Westbrook_Level', 24, '2023-03-06 17:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb5irxq/', 'All of my money has been made when I believed in the four year cycle continuing to happen and behaved accordingly. Money lost was when I tried to fight this cycle. :)', '11jozsn'], ['u/AccidentalArbitrage', 15, '2023-03-06 17:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb5lzvg/', '>my gut says if it becomes that recognizable of a pattern it can\'t just continue\n\nThere were tons, literally hundreds, of posters in this sub that thought this in 2020. "The halving is priced-in" became a meme here in early 2020, it was posted so often, when the price was *less than half of what it is today.* \n\nAs we can see with hindsight, they were wrong. \n\nEvery cycle there are just enough doubters that keep the cycles going. So far, at least. \n\nOn the other side, there are the "supercycle", "lengthening cycles", etc believers that think the bull runs will never end. They too, have been wrong every time. \n\nI trade the 4-year cycles. Most of my trades span 1-2 years. I don\'t know if this strategy will work forever, but it has made me a very wealthy man.', '11jozsn'], ['u/AccidentalArbitrage', 17, '2023-03-06 18:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb5vh0d/', ">So if you were looking to trade the upcoming halving with a 1-2 year trade in mind, when would you initially begin setting up your trade/trades?\n\nI trade OTC only these days, so I never have any trades set in the order book.\n\nI expect late 2024 to early 2025 will be when I start to scale out, but my triggers are largely based on current PA & sentiment within the 4 year cycles, not a specific calendar date. When things start moving up quickly and this place is euphoric I start scaling out, slowly at first, selling more the higher we go. I scale in when things are the opposite. I don't catch tops or bottoms with this strategy, nor do I even try, that is a fool's errand in my book.\n\nLong term I'm bullish, so I generally sell less coin for more USD during bull years, then I buy back more coin with less USD during bear years. This strategy increases my BTC and USD stacks. Most traders don't have the patience for this strategy, but it's my favorite and my most profitable.\n\nFor context, I sold monthly in 2021 with a weighted average just over $50k. I bought monthly in 2022 starting just before LUNA collapsed, with a weighted average just under $19k. I haven't placed a trade in 2023 yet and I'm not sure if I will, but I have plenty cash ready if we see sub-$20k again.", '11jozsn'], ['u/snek-jazz', 27, '2023-03-06 20:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb684ea/', 'While you are cosy here among friends, remember to sometimes stop, and spare a thought for those of us in the trenches, fighting the good fight, on the front line in the investing sub.', '11jozsn'], ['u/Westbrook_Level', 13, '2023-03-06 20:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb6c0e2/', "February is in the bag, so it’s time to update the periodic table of investment returns. (Annual data, from left row, since 1984, and year-to-date 2023, far right). [Look what's back on top.] (https://twitter.com/TimmerFidelity/status/1632826438201102338) - Jurrien Timmer from Fidelity", '11jozsn'], ['u/PatientlyWaitingfy', 13, '2023-03-06 22:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11jozsn/daily_discussion_monday_march_06_2023/jb6okhv/', 'This PA is like watching paint dry', '11jozsn']]], ['u/NewHipHopSong', '$5 In $GOLDEN Tokens Today Will Be Worth $1.17-Million-Dollars If Crypto Ecosystem Pushes Token Value To US$0.0000005 Value', 240, '2023-03-06 06:22', 'https://www.reddit.com/r/CryptoMoonShots/comments/11jpfcu/5_in_golden_tokens_today_will_be_worth/', ' Everyone’s watched crypto waves make people millionaires in a few months. From Bitcoin (BTC) to Solana (SOL) to Dogecoin (DOGE) to Shiba Inu (SHIB), there has been a horde of missed opportunities. And of course, no one can forget Binance — the most dominant force in the crypto industry today.\n\nNow, what if there was an opportunity that has access to the millions of people using the smart contract network of the Binance Smart Chain with the massive crypto culture appeal of Shiba Inu?\n\nWhat if you could encounter an opportunity that had more technology than most tokens on the BSC network and a crypto ecosystem that Shiba Inu can’t seem to finish - but already launched in beta? \nThe Golden Inu Token ($GOLDEN) launched last week. And it has all of these valuable traits.\n\n## Current price of Golden Inu ($GOLDEN) token\n\nRight now, it’s priced at US$0.000000000002136, nearly double its price one week ago before it launched on decentralized exchange, Pancake Swap. And before it was listed on Dexscreener and a CoinGecko index.\n\nSlow to the party, unaware crypto investors have totally missed that 100% gain. But the Golden Inu ($GOLDEN) token has a long way to go before it peaks, as it’s to be added to even more coin indexes and crypto exchange.\n\n## Founder/Owner \n\nWho owns it? NOBODY. The original owner \\[KYC verified\\] & team of web developers promised to develop the Golden Inu ecosystem then relinquish ownership to the DAO structured community.\n\nThe token is to be governed by community vote and is auto-generating liquidity with each buy/sell of the bep20 token; And it auto-generates a ‘treasury’ for community rewards with each buy & sell transaction.\n\n## Liquidity Formula \n\nWhat’s that treasury for? Well, takes journey and read this news on Crypto-News-Flash: https://www.crypto-news-flash.com/a-new-crypto-ecosystem-will-pay-users-to-work-share-jobs/\n\nThe first to join the “Golden Horde” or citizens of the ecosystem will be professionals that are going to work within the ‘Golden Quest’ realm of the platform — phase 1 of the eocsystem. \n\nThese professionals will earn money for completing tasks that make the Golden Inu ecosystem more entertaining and useful. And as they do this work, they will earn in $GOLDEN tokens and learn to exchange them for various needs within the social community. (ex: Horde Member 1 sends Horde member 2 $GOLDEN tokens to create a web3 DAPP)\n\nAs word spreads people are making money, more will come. There are jobs for the simplest person to the University level; Marketing to programming.\n\n## Why the Token Value Will Rise In Value\n\nAs it catches on, more will also buy into the token. This will increase the 10-year locked liquidity pool backing the token. That fiat currency backing will increase the value of the $GOLDEN token. Even if users are buying & selling their tokens frequently, the liquidity pool will hold steady for 10 years, steadily raising the price of the Golden Inu cryptocurrency.\n\nThose that buy and hold, will see continual growth. Holders help increase the speed by which this new crypto ecosystem develops into GameFi, NFTs, dAPPs, and DeFi. The more utility the token has through these different features, the more people will join the Horde & use $GOLDEN. The more activity, the more valuable the token.\n\nCorrections will happen as pheasants sell off but in this early stage, the wise shall HODL.\n\nAs this increase of crypto-investors holding the $GOLDEN token rises and the liquidity pool builds from each buy/sell transaction, so will this cryptocurrency’s market cap and value.\n\nToday $GOLDEN is worth US$0.000000000002136. One day, it will reach a multiple-millions in Market capitalization and increase the value of the coin tremendously.\n\nA single investment of $5 today could be worth $1.17-Million dollars if this cryptocurrency should happen to make it to US$0.000005 in value; a fraction of a penny.\n\nGo over to Pancake Swap here to join the Golden Horde today:\n\nAnd purchase your Golden Inu Tokens today. You’ve already missed the chance to double your money over the last week. But let’s not think of a short term vision, let’s make a $GOLDEN ecosystem that allows everyone to thrive and become financially free. Let’s share opportunity and build together.\n\nLearn more at the official subreddit of our commune: r/GoldenInuToken\n\nI am a Holder who believes. I do not own it.', 'https://www.reddit.com/r/CryptoMoonShots/comments/11jpfcu/5_in_golden_tokens_today_will_be_worth/', '11jpfcu', [['u/OnlyTalkMoney', 14, '2023-03-06 18:16', 'https://www.reddit.com/r/CryptoMoonShots/comments/11jpfcu/5_in_golden_tokens_today_will_be_worth/jb5r3l5/', "It's on Pancake swap but I use this dex-screener link from this article:\n\n[https://london-post.co.uk/golden-inu-tops-all-dog-coins-floki-dogecoin-dogetti-baby-shiba-inu/](https://london-post.co.uk/golden-inu-tops-all-dog-coins-floki-dogecoin-dogetti-baby-shiba-inu/)\n\nPCS link - \n\nhttps://pancakeswap.finance/swap?outputCurrency=0x7D4984490c4C68F8eAD9dddcA6d04C514Ef77324", '11jpfcu']]], ['u/rBitcoinMod', 'Daily Discussion, March 06, 2023', 37, '2023-03-06 07:02', 'https://www.reddit.com/r/Bitcoin/comments/11jq8ea/daily_discussion_march_06_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11ipa9c/daily_discussion_march_05_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11jq8ea/daily_discussion_march_06_2023/', '11jq8ea', [['u/escodelrio', 12, '2023-03-06 15:08', 'https://www.reddit.com/r/Bitcoin/comments/11jq8ea/daily_discussion_march_06_2023/jb4zzhh/', 'Historical Bitcoin\xa0prices for today, March 6th:\n\n2023 - $22,397\n\n2022 - $38,426\n\n2021 - $48,887\n\n2020 - $9,165\n\n2019 - $3,885\n\n2018 - $10,710\n\n2017 - $1,281\n\n2016 - $405\n\n2015 - $272\n\n2014 - $659\n\n2013 - $41\n\nVia [Twitter](https://twitter.com/btchistorical/status/1632698415552315392).', '11jq8ea']]], ['u/plug_and_pray', 'American senators want to target Binance.', 14, '2023-03-06 08:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11jrjzq/american_senators_want_to_target_binance/', 'A group of American senators [has requested](https://news.bitcoin.com/us-senators-probe-crypto-exchange-binance-potentially-illegal-business-practices/) documents from the cryptocurrency exchanges Binance and Binance US regarding "potentially illegal business practices."\n\n# Do American senators want to target Binance? \n\nSenators Elizabeth Warren, Chris Van Hollen, and Roger Marshall sent a letter to Binance and Binance US this week, calling on both cryptocurrency exchanges to provide them with certain documents.\n\nThe letter was addressed to Binance CEO Changpeng Zhao (CZ) and BAM Trading Services CEO Brian Shroder. It requests documents and answers to questions regarding "finances, risk management strategies, and compliance operations." The senators pointed to "potentially illegal business practices" that both companies may be responsible for.\n\nIt should be noted that Binance and its US branch, Binance US, are two separate entities. BAM Trading Services operates as Binance US.\n\nCiting various media reports that suggest Binance may have violated the law, the senators wrote that the exchange and "related entities deliberately evaded regulatory bodies," enabled funds transfers to criminals and individuals seeking to evade sanctions, and "concealed fundamental financial information from its clients and the public."\n\n>"Your actions have called into question the legitimacy of your business operations and the safety of your customers\' assets, and raised concerns about the potential impact of these actions on the stability of the cryptocurrency market and the broader financial system," the politicians emphasized.\n\nThe letter also noted that Binance hired the French auditing firm Mazars to conduct an audit confirming the exchange\'s reserves. However, the auditing firm "removed the report" from the network, which raises some concerns among regulators.\n\n# The company has little time to respond \n\nThe senators want to receive the requested documents and answers to questions by no later than March 16. They want to obtain "complete copies of all Binance and Binance\'s subsidiary companies\' balance sheets" as well as the internal regulations and procedures of the companies regarding anti-money laundering (AML), counter-terrorism financing (CFT), and "know your customer" (KYC).\n\nA copy of the senators\' letter was sent to Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), and Merrick B. Garland, US Attorney General at the Department of Justice (DOJ).\n\nA few days ago, [Forbes published an article](https://bitcoin.pl/binance-2-mld-usd) suggesting that Binance transferred nearly $2 billion of its clients\' funds without their consent. The company reportedly denies these allegations.', 'https://www.reddit.com/r/CryptoCurrency/comments/11jrjzq/american_senators_want_to_target_binance/', '11jrjzq', [['u/Chysce', 12, '2023-03-06 08:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11jrjzq/american_senators_want_to_target_binance/jb42b50/', 'I bet Sam wants CZ to fall down with him... he probably told them his dirty secrets... or at least showed them where to look', '11jrjzq'], ['u/NumericNightmare', 15, '2023-03-06 08:17', 'https://www.reddit.com/r/CryptoCurrency/comments/11jrjzq/american_senators_want_to_target_binance/jb42fb2/', 'Well binance is really limited in usa compared to binance in other countries so i won’t be surprised if CZ just close binance US', '11jrjzq'], ['u/coinsRus-2021', 10, '2023-03-06 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11jrjzq/american_senators_want_to_target_binance/jb439l7/', 'Anyone in crypto that also trusts Elizabeth Warren anymore just makes me scratch my head - and don’t get me wrong - binance does some shady stuff - but take a deep look at their motive to target digital assets and ignore central banking and their obvious corruption\n\nPolitical affiliation aside, I hope we all see the scumminess of these chronies for who they really are', '11jrjzq']]], ['u/Doctor924', 'Frat post SOTA p...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto is flat as traders await U.S. central bank Chair Jerome Powell\'s next comments.\nInsights:Exposure to China and the subsidies it is receiving may be hurting Filecoin\'s growth.\nCoinDesk Market Index (CMI)\n1,043\n−1.0▼0.1%\nBitcoin (BTC)\n$22,412\n−37.3▼0.2%\nEthereum (ETH)\n$1,565\n−2.5▼0.2%\nS&P 500\n4,048.42\n+2.8▲0.1%\nGold\n$1,851\n+3.3▲0.2%\nNikkei 225\n28,237.78\n+310.3▲1.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Flat as Fed\'s Powell Heads to Congress\nGood morning Asia, here’s how the markets are moving today.\nBitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565.\nTrading volume is significantly down,according to CoinGecko data, with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion on Friday, March 3.\nA report from CryptoQuantpoints to funding rates and argues that the current market is bearish and betting on further declines.\n“I don’t think we’re out of the woods yet, clearly inflation is still both rampant and here,” Hany Rashwan, CEO of crypto investment product firm21.co, said on CoinDesk TV. “How much the market has priced that in right now is difficult to show.”\nAll eyes are likely on Federal Reserve Chair Jerome Powell as he heads to Congress to testify Tuesday morning before the Senate Banking Committee and on Wednesday to the House Financial Services panel.\nPowell is in a predicament because the economy seems resistant to the cooling effects of interest rate hikes.\nJanuary’s blow-out job numbers, where theU.S. added nearly three-timesas many jobs as expected, showed observers that the Fed has some work to do to bring down inflation.\nCME’s FedWatch toolis giving a 69% chance of a 25 basis point rise, and a 30% chance of a 50 basis point increase.Prediction market PolyMarketis showing an 80% chance of a 25 bps increase during the March meeting and a 23% chance of a 50 bps increase after.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+7.9%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+6.2%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\nFilecoin\'s China, Cost Woes\nFilecoin has a market cap of just over $2.4 billion, and has a storage capacity of more than 13.41 exabytes (1 exabyte is equal to 1 million terabytes).Of these 13.41 exabytes, 626 petabytes(1 petabyte is 1,000 terabytes) are currently used.\nThe $2.4 billion question is, what is stored within these 626 petabytes?\nOn one hand, that’s easy to answer. When asked, the Filecoin Foundation is quick to provide a table listing out some high-profile clients:\nThere’s plenty of data archived on Filecoin from scientific or historical projects. Atlas CERN stores 10,240 tebibytes (equal to 11,258 terabytes) of data from the Large Hadron Collider on the Filecoin Network; the USC Shoah Foundation stores 3,046 tebibytes (this is because of a$2 million grant from the Filecoin Foundation); the Internet Archive stores 503 tebibytes (another grant,this time worth $10 million); University of California Berkeley stores 121 tebibytes.\nThe only commercial entities on the list are a China-based post-production house called XingChi Media, which says it\'sbacking up data on Filecoin for disaster recovery, andNFT.Storage, which is a product of Protocol Labs – the organization which supports Filecoin’s code.\nA spokesperson for Protocol Labs also highlighted that non-fungible token marketplace OpenSea stores the metadata for its NFTs on Filecoin. Important, yes, for the continuity of the NFT industry in the face of disaster but not exactly something that requires a lot of storage.\nFilecoin’s China centralization\nThere’s no question that the Filecoin protocol is being used and demand for storage is increasing.\nOn-chain data shows that the daily active Filecoin deals are trending upward.\nBut perhaps the reason you don’t see a large number of actual enterprise-grade clients using Filecoin – and just scientific data repositories and proof-of-concept initiatives – is because of Filecoin’s heavy exposure to China.\nIn 2021, miners inChina jumped on the abilityto add Filecoin to the mix, with billions being spent in buying up hard disks, which are to Filecoin what GPUs were to Ethereum, andbuilding out facilities.\nBella Yang, a research manager with IDC China’s enterprise research team, told CoinDesk in a note that Filecoin miners were buying a large number of storage servers known asJBODs. These are uncomplicated arrays of HDDs designed to scale a company’s ability to archive data quickly.\n“During this time, a large number of JBOD products were sold directly to mining companies and prices of high-capacity HDDs began to rise, even driving many out of stock when there was a shortage of 8 terabyte-plus HDDs,” Yang said, explaining that the Filecoin-induced demand for HDDs came as COVID-19 closed factories in China.\nAlthough bitcoin mining has largely left China, and ether mining has been made redundant with the Merge, Filecoin miners still have a large presence in-country.\nA 2022 study by Italy’s University of Pisa showedFilecoin\'s large degree of centralizationaround its top 10 miners, many of which are based in China and owned by cloud storage companies.\n“The fact that the most important miners are linked to cloud storage companies highlights that Filecoin is far from being concretely decentralized market storage because these companies are dominating the storage market and monopolizing the mining operations,” the authors wrote.\nFilecoin knows the market is skeptical\nFor Filecoin, the answer to its woes is Filecoin Plus (FIL+), which seeks to carve out quality storage providers from the ones that pollute the protocol with junk data, which many miners in China were doing in the early days of the protocol.\nIt also allows users, perhaps ironically,to pick their storage provider. Centralization is a cure for decentralization’s pitfalls.\nAll this is coming at a cost,as CoinDesk has previously reported, with massive subsidies required in the form of a 10x larger block reward to make Filecoin Plus work.\nData fromToken Terminalshows that revenue for the protocol has imploded during the last year despite more use of the protocol. In February, heavy incentives meant that earnings were a net negative to the tune of $43.4 million against revenue of $1.2 million.\n“What I think is going to be the most important thing to watch there is if the storage demand can still keep up when storing data is no longer free,” Messari enterprise research analyst Sami Kassab said earlier to CoinDesk.\n2:00 p.m. HKT/SGT(6:00 UTC)Fed Chair Powell Testifies\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia\'s Governor Lowe Speech\n6:00 a.m. HKT/SGT(22:00 UTC)Germany Retail Sales (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Closes SEN Platform; Singapore Police Reportedly Start Probe Into Do Kwon\'s Terraform Labs\nSilvergate Bank, which warned last week about its ability to remain in business, discontinued its SEN platform that institutions used to move money to crypto exchanges.21.coco-founder and CEO Hany Rashwan shared his crypto markets reaction after bitcoin\'s (BTC) price was little-changed over the weekend. And Puerto Rico has extended its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico Blockchain Trade Association\'s Keiko Yoshino joined the conversation.\nTether\'s USDT Stablecoin Market Share Rises to Highest Level in 15 Months:USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.\nAlameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees:The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.\nETHDenver 2023 Ran a Profit. Will Members of Its DAO Get Some of the Returns?:After ending this year’s edition well in the black, Colorado cooperative SporkDAO LCA may now vote to send distributions to token holders.\nGBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday:The closed-end fund\'s discount to net asset value had widened to 47% in mid-February.\nAlameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees:The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto is flat as traders await U.S. central bank Chair Jerome Powell\'s next comments. Insights: Exposure to China and the subsidies it is receiving may be hurting Filecoin\'s growth. Prices CoinDesk Market Index (CMI) 1,043 −1.0 ▼ 0.1% Bitcoin (BTC) $22,412 −37.3 ▼ 0.2% Ethereum (ETH) $1,565 −2.5 ▼ 0.2% S&P 500 4,048.42 +2.8 ▲ 0.1% Gold $1,851 +3.3 ▲ 0.2% Nikkei 225 28,237.78 +310.3 ▲ 1.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Flat as Fed\'s Powell Heads to Congress Good morning Asia, here’s how the markets are moving today. Bitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565. Trading volume is significantly down, according to CoinGecko data , with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion on Friday, March 3. A report from CryptoQuant points to funding rates and argues that the current market is bearish and betting on further declines. “I don’t think we’re out of the woods yet, clearly inflation is still both rampant and here,” Hany Rashwan, CEO of crypto investment product firm 21.co , said on CoinDesk TV. “How much the market has priced that in right now is difficult to show.” All eyes are likely on Federal Reserve Chair Jerome Powell as he heads to Congress to testify Tuesday morning before the Senate Banking Committee and on Wednesday to the House Financial Services panel. Powell is in a predicament because the economy seems resistant to the cooling effects of interest rate hikes. January’s blow-out job numbers, where the U.S. added nearly three-times as many jobs as expected, showed observers that the Fed has some work to do to bring down inflation. CME’s FedWatch tool is giving a 69% chance of a 25 basis point rise, and a 30% chance of a 50 basis point increase. Prediction market PolyMarket is showing an 80% chance of a 25 bps increase during the March meeting and a 23% chance of a 50 bps increase after. Story continues Asset Ticker Returns DACS Sector Gala GALA +7.9% Entertainment Decentraland MANA +6.2% Entertainment Avalanche AVAX +2.4% Smart Contract Platform Insights Filecoin\'s China, Cost Woes Filecoin has a market cap of just over $2.4 billion, and has a storage capacity of more than 13.41 exabytes (1 exabyte is equal to 1 million terabytes). Of these 13.41 exabytes, 626 petabytes (1 petabyte is 1,000 terabytes) are currently used. The $2.4 billion question is, what is stored within these 626 petabytes? On one hand, that’s easy to answer. When asked, the Filecoin Foundation is quick to provide a table listing out some high-profile clients: (Filecoin) There’s plenty of data archived on Filecoin from scientific or historical projects. Atlas CERN stores 10,240 tebibytes ( equal to 11,258 terabytes ) of data from the Large Hadron Collider on the Filecoin Network; the USC Shoah Foundation stores 3,046 tebibytes (this is because of a $2 million grant from the Filecoin Foundation ); the Internet Archive stores 503 tebibytes (another grant, this time worth $10 million ); University of California Berkeley stores 121 tebibytes. The only commercial entities on the list are a China-based post-production house called XingChi Media, which says it\'s backing up data on Filecoin for disaster recovery , and NFT.Storage , which is a product of Protocol Labs – the organization which supports Filecoin’s code. A spokesperson for Protocol Labs also highlighted that non-fungible token marketplace OpenSea stores the metadata for its NFTs on Filecoin. Important, yes, for the continuity of the NFT industry in the face of disaster but not exactly something that requires a lot of storage. Filecoin’s China centralization There’s no question that the Filecoin protocol is being used and demand for storage is increasing. (Starboard) On-chain data shows that the daily active Filecoin deals are trending upward. But perhaps the reason you don’t see a large number of actual enterprise-grade clients using Filecoin – and just scientific data repositories and proof-of-concept initiatives – is because of Filecoin’s heavy exposure to China. In 2021, miners in China jumped on the ability to add Filecoin to the mix, with billions being spent in buying up hard disks, which are to Filecoin what GPUs were to Ethereum, and building out facilities . Bella Yang, a research manager with IDC China’s enterprise research team, told CoinDesk in a note that Filecoin miners were buying a large number of storage servers known as JBODs . These are uncomplicated arrays of HDDs designed to scale a company’s ability to archive data quickly. “During this time, a large number of JBOD products were sold directly to mining companies and prices of high-capacity HDDs began to rise, even driving many out of stock when there was a shortage of 8 terabyte-plus HDDs,” Yang said, explaining that the Filecoin-induced demand for HDDs came as COVID-19 closed factories in China. Although bitcoin mining has largely left China, and ether mining has been made redundant with the Merge, Filecoin miners still have a large presence in-country. A 2022 study by Italy’s University of Pisa showed Filecoin\'s large degree of centralization around its top 10 miners, many of which are based in China and owned by cloud storage companies. “The fact that the most important miners are linked to cloud storage companies highlights that Filecoin is far from being concretely decentralized market storage because these companies are dominating the storage market and monopolizing the mining operations,” the authors wrote. Filecoin knows the market is skeptical For Filecoin, the answer to its woes is Filecoin Plus (FIL+), which seeks to carve out quality storage providers from the ones that pollute the protocol with junk data, which many miners in China were doing in the early days of the protocol. It also allows users, perhaps ironically, to pick their storage provider . Centralization is a cure for decentralization’s pitfalls. All this is coming at a cost, as CoinDesk has previously reported , with massive subsidies required in the form of a 10x larger block reward to make Filecoin Plus work. Data from Token Terminal shows that revenue for the protocol has imploded during the last year despite more use of the protocol. In February, heavy incentives meant that earnings were a net negative to the tune of $43.4 million against revenue of $1.2 million. (Filecoin) “What I think is going to be the most important thing to watch there is if the storage demand can still keep up when storing data is no longer free,” Messari enterprise research analyst Sami Kassab said earlier to CoinDesk. Important events 2:00 p.m. HKT/SGT(6:00 UTC) Fed Chair Powell Testifies 11:30 p.m. HKT/SGT(15:30 UTC) Reserve Bank of Australia\'s Governor Lowe Speech 6:00 a.m. HKT/SGT(22:00 UTC) Germany Retail Sales (YoY/Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Silvergate Closes SEN Platform; Singapore Police Reportedly Start Probe Into Do Kwon\'s Terraform Labs Silvergate Bank, which warned last week about its ability to remain in business, discontinued its SEN platform that institutions used to move money to crypto exchanges. 21.co co-founder and CEO Hany Rashwan shared his crypto markets reaction after bitcoin\'s (BTC) price was little-changed over the weekend. And Puerto Rico has extended its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico Blockchain Trade Association\'s Keiko Yoshino joined the conversation. Headlines Tether\'s USDT Stablecoin Market Share Rises to Highest Level in 15 Months : USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021. Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees : The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value. ETHDenver 2023 Ran a Profit. Will Members of Its DAO Get Some of the Returns? : After ending this year’s edition well in the black, Colorado cooperative SporkDAO LCA may now vote to send distributions to token holders. GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday : The closed-end fund\'s discount to net asset value had widened to 47% in mid-February. Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees : The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.', "Yuga Labs’ buzzy andcontroversialauction of its debutBitcoinNFT collection concluded Monday, with 288 successful bidders nabbing as many pieces in the limited series, spending a combined $16.49 million worth of BTC.\nThe collection,TwelveFold, garnered 3,246 total bids during the 24-hour auction,which began Sunday, according to a Yuga spokesperson. Of those, the highest bid was 7.1159 BTC, or roughly $159,500. The lowest successful bid was 2.2501 BTC, or just over $50,000.\nThetop 288bidders will receive their inscriptions within the week, per Yuga. The last 12 pieces of the 300-count limited series will be held for contributors and distributed as part of Yuga’s philanthropic programs.\nYuga, the$4 billion companybehind dominant NFT collectionBored Ape Yacht Club, has only ever previously released NFTs on the Ethereum blockchain. All other collections besides TwelveFold created or owned by Yuga—including Bored Ape Yacht Club, Mutant Ape Yacht Club, Otherside virtual land plots, CryptoPunks, and Meebits—also featured at least 10,000 NFTs.\nCritic Says Yuga Labs Bitcoin NFTs Auction Sets 'Really Bad Precedent’\nTwelveFold NFTs are a marked departure from that body of work. They are generative art pieces inscribed to the Bitcoin blockchain viaOrdinals, a recently launched method of committing art to Bitcoin by permanently inscribing media on individual Satoshis, each of which represent 1/100,000,000 of a full Bitcoin (BTC).\nThe pieces are all 12x12 grids—an homage to how data is stored on the Bitcoin blockchain—and are generative art pieces that combine 3D graphics and hand-drawn features. Each of the 288 pieces won at auction today will be generated by the same code, and pieces won at a higher bidding price will not appear qualitatively different from pieces won at lower bidding prices, according to Yuga. Pieces from the collection, though, will be numbered and generated according to their rank in the bidding process.\nEarlier Monday, Yuga stirred somecontroversywith the manner in which the company designed the TwelveFold bidding process. Would-be TwelveFold holders had to deposit the full amount of their bids directly with Yuga in order to be considered in the auction; Yuga promised it would return rejected bids within 24 hours of the auction’s conclusion.\nCasey Rodarmor, the creator of Bitcoin Ordinals, lambasted Yuga for creating such a bidding process, arguing that it legitimized a process that could easily be manipulated by nefarious project creators to steal funds from bidders.\n“If I, personally, Casey Rordamor, ever see you, Yuga Labs, the entity, fuck around with degenerate bullshit like this again, I will wash my hands of you forever and encourage others, including those close to me to do the same,” Rordamor wrote on Twitter Monday.\n“Get fucked you highly regarded morons,” Rordamor signed the note.\nThe structure of TwelveFold’s bidding process reflects the current disconnect between the outsize popularity of Bitcoin Ordinal NFTs and the lack of digital infrastructure that caters to the nascent medium. Despite only debuting in late January, over 325,000 Ordinals have already been inscribed, according to data fromDune Analytics.\nAreportlast week from Galaxy Research forecasted the Bitcoin NFT market will hit $4.5 billion by 2025. That same report anticipated that a full ecosystem of Bitcoin NFT-supporting products and services should emerge by this summer.", "Yuga Labs’ buzzy andcontroversialauction of its debutBitcoinNFT collection concluded Monday, with 288 successful bidders nabbing as many pieces in the limited series, spending a combined $16.49 million worth of BTC.\nThe collection,TwelveFold, garnered 3,246 total bids during the 24-hour auction,which began Sunday, according to a Yuga spokesperson. Of those, the highest bid was 7.1159 BTC, or roughly $159,500. The lowest successful bid was 2.2501 BTC, or just over $50,000.\nThetop 288bidders will receive their inscriptions within the week, per Yuga. The last 12 pieces of the 300-count limited series will be held for contributors and distributed as part of Yuga’s philanthropic programs.\nYuga, the$4 billion companybehind dominant NFT collectionBored Ape Yacht Club, has only ever previously released NFTs on the Ethereum blockchain. All other collections besides TwelveFold created or owned by Yuga—including Bored Ape Yacht Club, Mutant Ape Yacht Club, Otherside virtual land plots, CryptoPunks, and Meebits—also featured at least 10,000 NFTs.\nCritic Says Yuga Labs Bitcoin NFTs Auction Sets 'Really Bad Precedent’\nTwelveFold NFTs are a marked departure from that body of work. They are generative art pieces inscribed to the Bitcoin blockchain viaOrdinals, a recently launched method of committing art to Bitcoin by permanently inscribing media on individual Satoshis, each of which represent 1/100,000,000 of a full Bitcoin (BTC).\nThe pieces are all 12x12 grids—an homage to how data is stored on the Bitcoin blockchain—and are generative art pieces that combine 3D graphics and hand-drawn features. Each of the 288 pieces won at auction today will be generated by the same code, and pieces won at a higher bidding price will not appear qualitatively different from pieces won at lower bidding prices, according to Yuga. Pieces from the collection, though, will be numbered and generated according to their rank in the bidding process.\nEarlier Monday, Yuga stirred somecontroversywith the manner in which the company designed the TwelveFold bidding process. Would-be TwelveFold holders had to deposit the full amount of their bids directly with Yuga in order to be considered in the auction; Yuga promised it would return rejected bids within 24 hours of the auction’s conclusion.\nCasey Rodarmor, the creator of Bitcoin Ordinals, lambasted Yuga for creating such a bidding process, arguing that it legitimized a process that could easily be manipulated by nefarious project creators to steal funds from bidders.\n“If I, personally, Casey Rordamor, ever see you, Yuga Labs, the entity, fuck around with degenerate bullshit like this again, I will wash my hands of you forever and encourage others, including those close to me to do the same,” Rordamor wrote on Twitter Monday.\n“Get fucked you highly regarded morons,” Rordamor signed the note.\nThe structure of TwelveFold’s bidding process reflects the current disconnect between the outsize popularity of Bitcoin Ordinal NFTs and the lack of digital infrastructure that caters to the nascent medium. Despite only debuting in late January, over 325,000 Ordinals have already been inscribed, according to data fromDune Analytics.\nAreportlast week from Galaxy Research forecasted the Bitcoin NFT market will hit $4.5 billion by 2025. That same report anticipated that a full ecosystem of Bitcoin NFT-supporting products and services should emerge by this summer.", "Yuga Labs’ buzzy and controversial auction of its debut Bitcoin NFT collection concluded Monday, with 288 successful bidders nabbing as many pieces in the limited series, spending a combined $16.49 million worth of BTC. The collection, TwelveFold , garnered 3,246 total bids during the 24-hour auction, which began Sunday, according to a Yuga spokesperson. Of those, the highest bid was 7.1159 BTC, or roughly $159,500. The lowest successful bid was 2.2501 BTC, or just over $50,000. The top 288 bidders will receive their inscriptions within the week, per Yuga. The last 12 pieces of the 300-count limited series will be held for contributors and distributed as part of Yuga’s philanthropic programs. Yuga, the $4 billion company behind dominant NFT collection Bored Ape Yacht Club , has only ever previously released NFTs on the Ethereum blockchain. All other collections besides TwelveFold created or owned by Yuga—including Bored Ape Yacht Club, Mutant Ape Yacht Club, Otherside virtual land plots, CryptoPunks, and Meebits—also featured at least 10,000 NFTs. Critic Says Yuga Labs Bitcoin NFTs Auction Sets 'Really Bad Precedent’ TwelveFold NFTs are a marked departure from that body of work. They are generative art pieces inscribed to the Bitcoin blockchain via Ordinals , a recently launched method of committing art to Bitcoin by permanently inscribing media on individual Satoshis, each of which represent 1/100,000,000 of a full Bitcoin (BTC). The pieces are all 12x12 grids—an homage to how data is stored on the Bitcoin blockchain—and are generative art pieces that combine 3D graphics and hand-drawn features. Each of the 288 pieces won at auction today will be generated by the same code, and pieces won at a higher bidding price will not appear qualitatively different from pieces won at lower bidding prices, according to Yuga. Pieces from the collection, though, will be numbered and generated according to their rank in the bidding process. Story continues Some notes on TwelveFold 🧵 - pic.twitter.com/b0FiNIXtP2 — schmigge figge (@mfigge) March 5, 2023 Earlier Monday, Yuga stirred some controversy with the manner in which the company designed the TwelveFold bidding process. Would-be TwelveFold holders had to deposit the full amount of their bids directly with Yuga in order to be considered in the auction; Yuga promised it would return rejected bids within 24 hours of the auction’s conclusion. Casey Rodarmor, the creator of Bitcoin Ordinals, lambasted Yuga for creating such a bidding process, arguing that it legitimized a process that could easily be manipulated by nefarious project creators to steal funds from bidders. “If I, personally, Casey Rordamor, ever see you, Yuga Labs, the entity, fuck around with degenerate bullshit like this again, I will wash my hands of you forever and encourage others, including those close to me to do the same,” Rordamor wrote on Twitter Monday. “Get fucked you highly regarded morons,” Rordamor signed the note. Dear @yugalabs , @veryordinally is right. Actions like this prove that for some entities and people: “Once a shitcoiner always a shitcoiner.” If I, personally, Casey Rodarmor, ever see you, Yuga labs, the entity, fuck around with degenerate bullshit like this again, I will wash… https://t.co/COARsn4X0o — Casey Rodarmor (@rodarmor) March 6, 2023 The structure of TwelveFold’s bidding process reflects the current disconnect between the outsize popularity of Bitcoin Ordinal NFTs and the lack of digital infrastructure that caters to the nascent medium. Despite only debuting in late January, over 325,000 Ordinals have already been inscribed, according to data from Dune Analytics . A report last week from Galaxy Research forecasted the Bitcoin NFT market will hit $4.5 billion by 2025. That same report anticipated that a full ecosystem of Bitcoin NFT-supporting products and services should emerge by this summer.", 'Bitcoin and Ether traded little changed, but it looks like a downtrend day for most of the top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia. Litecoin led the losers, while Dogecoin rose, though the leading meme coin is still down for the prior week. Concerns about the solvency of U.S.-based crypto bank Silvergate and the fallout from its potential failure still cloud the market . The new Forkast NFT 500 index slipped. U.S. equities had a mixed day on Monday as traders await Federal Reserve Chair Jerome Powell\x92s comments to the Senate Banking Committee on Tuesday for an insight into where interest rates are going. See related article: Kraken to launch U.S. crypto bank amid regulatory headwinds Fast facts Bitcoin edged 0.08% higher in the past 24 hours to US$22,483 as of 09:30 a.m. in Hong Kong, according to CoinMarketCap data . The world\x92s biggest cryptocurrency is still down 4.10% for the last seven-days. Ether gained 0.22% to US$1,571, but like Bitcoin is still a loser for the week, off 3.61%. Dogecoin rose 1.61% to US$0.0757, leading the winners among the top 10 non-stablecoin cryptocurrencies. But the token is still holding a weekly loss of 7.60%, after Elon Musk, a prominent Dogecoin enthusiast, said on Twitter last Saturday that he had switched his interest from cryptocurrencies to artificial intelligence (AI). XRP gained 0.72% and was trading at US$0.37. Ripple Labs Inc., the crypto payment network powered by XRP, is posting 69 open jobs in its offices across the world, mainly for software engineers, or a bet on expansion and growth despite the company\x92s conflict in the courts with the U.S. Securities and Exchange Commission (SEC). The case is expected to receive a ruling by the middle of this year. XRP lost 1.87% for the seven-day period, the smallest loss among the top 10 non-stablecoin cryptocurrencies. Litecoin led the losers Tuesday morning, dropping 1.42% to US$88.63, for a weekly loss of 5.83%. Litecoin Foundation launched an update last Friday to improve the security of Litecoin mining, which has appeared to be slow to attract crypto investors. The concerns about crypto bank Silvergate have reached Washington. White House press secretary Karine Jean-Pierre said in a press briefing on Monday that President Joe Biden\x92s administration is aware of Silvergate\x92s situation, which is only the latest company \x93to experience significant issues\x94 in the crypto industry, and the administration will continue to monitor the developments. The total crypto market capitalization was little changed in the past 24 hours, moving 0.25% lower to US$1.02 trillion. Total trading volume over the last 24 hours rose 22.65% to US$15.36 billion. The Forkast NFT 500 index, which went live today, dipped 0.02% to 4,305.75 over the last 24 hours to 8:30 a.m. Tuesday in Hong Kong. The Forkast NFT 500 Index is a proxy measure of the performance of the global NFT market, and includes 500 eligible smart contracts on any given day. Ethereum, the leading blockchain network for NFTs, saw sales rise 38.93% to US$22.4 million, according to Cryptoslam.io data. However, its number of on-chain transactions fell 21.8% to 124,728. Sales on Solana, the second largest NFT blockchain, rose 17.4% to US$3 million, while NFT sales on Polygon surged more than 500% over the 24 hours to US$2.38 million, placing the network in the top 3. By NFT collections, the Ethereum-based CryptoPunks rose 218% in sales to US$1.94 million. Otherdeed, another Ethereum-based NFT that represents the virtual plots of land within the Otherside metaverse, surged 223.5% in sales to US$1.84 million. Coinllectibles \x96 the only Polygon-based NFT collection in Cryptoslam\x92s top 3, which focuses on art and auctions, recorded US$1.8 million in sales. Alien Worlds\x92 NFT collection holds the highest number of owners with 4.51 million. Alien Worlds is a play-and-earn NFT game that runs on Ethereum. Play-to-earn staple Axie Infinity has the second highest number of owners with 2.03 million. U.S. equities closed mostly flat on Monday. The Dow Jones Industrial Average rose 0.12%, the S&P 500 edged up 0.07% and the Nasdaq Composite Index dipped 0.11%. Investors are turning cautious as recent economic readings point to U.S. inflation being more entrenched than previously thought, while Fed officials have said steeper interest rate hikes might be required or rates kept higher for longer if the data continue to suggest an overheated economy. In addition, China at its Two Sessions meeting on Sunday set a modest 5% target for GDP growth in 2023, lower than expectations and also reducing the risk appetite among investors. Federal Reserve Chairman Jerome Powell will speak before committees in Congress on Tuesday and Wednesday this week, which investors will focus on for pointers on where the central bank\x92s policy stands for its meeting later this month on raising interest rates. The Fed\x92s target range for interest rates is currently between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 68.6% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 31.4% chance for a raise of 50 basis points, up from 27.0% on Monday.', 'Bitcoin and Ether traded little changed, but it looks like a downtrend day for most of the top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia. Litecoin led the losers, while Dogecoin rose, though the leading meme coin is still down for the prior week. Concerns about the solvency of U.S.-based crypto bank Silvergate andthe fallout from its potential failure still cloud the market. Thenew Forkast NFT 500 indexslipped. U.S. equities had a mixed day on Monday as traders await Federal Reserve Chair Jerome Powell’s comments to the Senate Banking Committee on Tuesday for an insight into where interest rates are going.\nSee related article:Kraken to launch U.S. crypto bank amid regulatory headwinds\n• Bitcoin edged 0.08% higher in the past 24 hours to US$22,483 as of 09:30 a.m. in Hong Kong, according toCoinMarketCap data. The world’s biggest cryptocurrency is still down 4.10% for the last seven-days. Ether gained 0.22% to US$1,571, but like Bitcoin is still a loser for the week, off 3.61%.\n• Dogecoin rose 1.61% to US$0.0757, leading the winners among the top 10 non-stablecoin cryptocurrencies. But the token is still holding a weekly loss of 7.60%, after Elon Musk, a prominent Dogecoin enthusiast, said onTwitterlast Saturday that he had switched his interest from cryptocurrencies to artificial intelligence (AI).\n• XRP gained 0.72% and was trading at US$0.37. Ripple Labs Inc., the crypto payment network powered by XRP, isposting69 open jobs in its offices across the world, mainly for software engineers, or a bet on expansion and growth despite the company’s conflict in the courts with the U.S. Securities and Exchange Commission (SEC). The case isexpectedto receive a ruling by the middle of this year. XRP lost 1.87% for the seven-day period, the smallest loss among the top 10 non-stablecoin cryptocurrencies.\n• Litecoin led the losers Tuesday morning, dropping 1.42% to US$88.63, for a weekly loss of 5.83%. Litecoin Foundationlaunched an updatelast Friday to improve the security of Litecoin mining, which has appeared to be slow to attract crypto investors.\n• The concerns about crypto bank Silvergate have reached Washington. White House press secretary Karine Jean-Pierre said in apress briefingon Monday that President Joe Biden’s administration is aware of Silvergate’s situation, which is only the latest company “to experience significant issues” in the crypto industry, and the administration will continue to monitor the developments.\n• The total crypto market capitalization was little changed in the past 24 hours, moving 0.25% lower to US$1.02 trillion. Total trading volume over the last 24 hours rose 22.65% to US$15.36 billion.\n• TheForkast NFT 500 index, which went live today,dipped 0.02% to 4,305.75 over the last 24 hours to 8:30 a.m. Tuesday in Hong Kong. The Forkast NFT 500 Index is a proxy measure of the performance of the global NFT market, and includes 500 eligible smart contracts on any given day.\n• Ethereum, the leading blockchain network for NFTs, saw sales rise 38.93% to US$22.4 million,according to Cryptoslam.io data.However, its number of on-chain transactions fell 21.8% to 124,728.\n• Sales on Solana, the second largest NFT blockchain, rose 17.4% to US$3 million, while NFT sales on Polygon surged more than 500% over the 24 hours to US$2.38 million, placing the network in the top 3.\n• By NFT collections, the Ethereum-based CryptoPunks rose 218% in sales to US$1.94 million. Otherdeed, another Ethereum-based NFT that represents the virtual plots of land within the Otherside metaverse, surged 223.5% in sales to US$1.84 million.\n• Coinllectibles – the only Polygon-based NFT collection in Cryptoslam’s top 3, which focuses on art and auctions, recorded US$1.8 million in sales.\n• Alien Worlds’ NFT collection holds the highest number of owners with 4.51 million. Alien Worlds is a play-and-earn NFT game that runs on Ethereum. Play-to-earn staple Axie Infinity has the second highest number of owners with 2.03 million.\n• U.S. equities closed mostly flat on Monday. The Dow Jones Industrial Average rose 0.12%, the S&P 500 edged up 0.07% and the Nasdaq Composite Index dipped 0.11%.\n• Investors are turning cautious as recent economic readings point to U.S. inflation being more entrenched than previously thought, while Fed officials havesaidsteeper interest rate hikes might be required or rates kept higher for longer if the data continue to suggest an overheated economy.\n• In addition,Chinaat itsTwo Sessionsmeeting on Sunday set amodest 5% target for GDP growthin 2023,lower than expectationsand also reducing the risk appetite among investors.\n• Federal Reserve Chairman Jerome Powell will speak before committees in Congress on Tuesday and Wednesday this week, which investors will focus on for pointers on where the central bank’s policy stands for its meeting later this month on raising interest rates.\n• The Fed’s target range for interest rates is currently between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 68.6% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 31.4% chance for a raise of 50 basis points, up from 27.0% on Monday.', 'Bitcoin and Ether traded little changed, but it looks like a downtrend day for most of the top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia. Litecoin led the losers, while Dogecoin rose, though the leading meme coin is still down for the prior week. Concerns about the solvency of U.S.-based crypto bank Silvergate andthe fallout from its potential failure still cloud the market. Thenew Forkast NFT 500 indexslipped. U.S. equities had a mixed day on Monday as traders await Federal Reserve Chair Jerome Powell’s comments to the Senate Banking Committee on Tuesday for an insight into where interest rates are going.\nSee related article:Kraken to launch U.S. crypto bank amid regulatory headwinds\n• Bitcoin edged 0.08% higher in the past 24 hours to US$22,483 as of 09:30 a.m. in Hong Kong, according toCoinMarketCap data. The world’s biggest cryptocurrency is still down 4.10% for the last seven-days. Ether gained 0.22% to US$1,571, but like Bitcoin is still a loser for the week, off 3.61%.\n• Dogecoin rose 1.61% to US$0.0757, leading the winners among the top 10 non-stablecoin cryptocurrencies. But the token is still holding a weekly loss of 7.60%, after Elon Musk, a prominent Dogecoin enthusiast, said onTwitterlast Saturday that he had switched his interest from cryptocurrencies to artificial intelligence (AI).\n• XRP gained 0.72% and was trading at US$0.37. Ripple Labs Inc., the crypto payment network powered by XRP, isposting69 open jobs in its offices across the world, mainly for software engineers, or a bet on expansion and growth despite the company’s conflict in the courts with the U.S. Securities and Exchange Commission (SEC). The case isexpectedto receive a ruling by the middle of this year. XRP lost 1.87% for the seven-day period, the smallest loss among the top 10 non-stablecoin cryptocurrencies.\n• Litecoin led the losers Tuesday morning, dropping 1.42% to US$88.63, for a weekly loss of 5.83%. Litecoin Foundationlaunched an updatelast Friday to improve the security of Litecoin mining, which has appeared to be slow to attract crypto investors.\n• The concerns about crypto bank Silvergate have reached Washington. White House press secretary Karine Jean-Pierre said in apress briefingon Monday that President Joe Biden’s administration is aware of Silvergate’s situation, which is only the latest company “to experience significant issues” in the crypto industry, and the administration will continue to monitor the developments.\n• The total crypto market capitalization was little changed in the past 24 hours, moving 0.25% lower to US$1.02 trillion. Total trading volume over the last 24 hours rose 22.65% to US$15.36 billion.\n• TheForkast NFT 500 index, which went live today,dipped 0.02% to 4,305.75 over the last 24 hours to 8:30 a.m. Tuesday in Hong Kong. The Forkast NFT 500 Index is a proxy measure of the performance of the global NFT market, and includes 500 eligible smart contracts on any given day.\n• Ethereum, the leading blockchain network for NFTs, saw sales rise 38.93% to US$22.4 million,according to Cryptoslam.io data.However, its number of on-chain transactions fell 21.8% to 124,728.\n• Sales on Solana, the second largest NFT blockchain, rose 17.4% to US$3 million, while NFT sales on Polygon surged more than 500% over the 24 hours to US$2.38 million, placing the network in the top 3.\n• By NFT collections, the Ethereum-based CryptoPunks rose 218% in sales to US$1.94 million. Otherdeed, another Ethereum-based NFT that represents the virtual plots of land within the Otherside metaverse, surged 223.5% in sales to US$1.84 million.\n• Coinllectibles – the only Polygon-based NFT collection in Cryptoslam’s top 3, which focuses on art and auctions, recorded US$1.8 million in sales.\n• Alien Worlds’ NFT collection holds the highest number of owners with 4.51 million. Alien Worlds is a play-and-earn NFT game that runs on Ethereum. Play-to-earn staple Axie Infinity has the second highest number of owners with 2.03 million.\n• U.S. equities closed mostly flat on Monday. The Dow Jones Industrial Average rose 0.12%, the S&P 500 edged up 0.07% and the Nasdaq Composite Index dipped 0.11%.\n• Investors are turning cautious as recent economic readings point to U.S. inflation being more entrenched than previously thought, while Fed officials havesaidsteeper interest rate hikes might be required or rates kept higher for longer if the data continue to suggest an overheated economy.\n• In addition,Chinaat itsTwo Sessionsmeeting on Sunday set amodest 5% target for GDP growthin 2023,lower than expectationsand also reducing the risk appetite among investors.\n• Federal Reserve Chairman Jerome Powell will speak before committees in Congress on Tuesday and Wednesday this week, which investors will focus on for pointers on where the central bank’s policy stands for its meeting later this month on raising interest rates.\n• The Fed’s target range for interest rates is currently between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 68.6% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 31.4% chance for a raise of 50 basis points, up from 27.0% on Monday.', '(Clarifies Fineqia is a crypto-focused investor) By Hannah Lang and Lisa Pauline Mattackal (Reuters) -For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency - designed as an alternative to regular cash - in favor of its descendants created as native tokens of blockchain platforms that host smart contracts and apps. MarketVector\'s Smart Contract Leaders Index, which tracks major tokens of this kind - including ether, dot and solana - is up 36% in 2023, outpacing even bitcoin\'s 33% rise. Solana\'s token is up 76% this year. Bundeep Rangar, CEO of crypto-focused investor Fineqia, said he expected the biggest crypto returns to come from smart contract tokens on platforms that support decentralized finance (DeFi) apps. "Those are ones that you will find capital appreciation, similar to what a growth stock will be," he added. Some investors in the $1 trillion world of digital assets appear to agree, according to CoinShares data which shows investment products tracking ether and solana have seen small inflows even as bitcoin products suffered four consecutive weeks of outflows. Around seven of the top 20 biggest crypto assets are smart contract tokens, including ether and dot, solana and cardano. BofA analysts also pointed to smart contract tokens and the blockchain-based applications they power as similar to growth stocks in the equities world, typically technology shares. "We expect 2023 to be the year of token price divergence," analysts at Bank of America wrote in a Feb. 24 research note. BITCOIN STILL BOSS Bitcoin has long traded in tandem with tech stocks, but that cord may be fraying just as smart-contract tokens increasingly take up its crypto super-growth mantle. The cryptocurrency\'s 30-day correlation with the Nasdaq turned negative on Feb. 23 for the first time since early December, where a measure of 1 indicates the two assets are moving in lockstep. Story continues Some crypto watchers say the relative strength in smart-contract tokens this year points to a solid performance by the most established DeFi protocols despite the market ructions of 2022. They caution, though, that the global macro outlook and central bank policy could hit the growth of crypto projects and their associated tokens. James Butterfill, head of research at CoinShares, warned it was also too early to call a major divergence in crypto. Indeed, bitcoin\'s shadow still looms large over the sector, with its share of the total crypto market capitalization up slightly to 40%, from 38% at the start of the year. But on the other hand, Butterfill said such departures could be a potential sign of the cryptoverse growing up. "We should be increasingly adopting the view that the market, as it evolves, will become more sophisticated and more mature, and we will start to see that price divergence." (Reporting by Lisa Mattackal in Bengaluru and Hannah Lang in Washington, D.C.; Editing by Vidya Ranganathan and Pravin Char)', '(Clarifies Fineqia is a crypto-focused investor) By Hannah Lang and Lisa Pauline Mattackal (Reuters) -For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency - designed as an alternative to regular cash - in favor of its descendants created as native tokens of blockchain platforms that host smart contracts and apps. MarketVector\'s Smart Contract Leaders Index, which tracks major tokens of this kind - including ether, dot and solana - is up 36% in 2023, outpacing even bitcoin\'s 33% rise. Solana\'s token is up 76% this year. Bundeep Rangar, CEO of crypto-focused investor Fineqia, said he expected the biggest crypto returns to come from smart contract tokens on platforms that support decentralized finance (DeFi) apps. "Those are ones that you will find capital appreciation, similar to what a growth stock will be," he added. Some investors in the $1 trillion world of digital assets appear to agree, according to CoinShares data which shows investment products tracking ether and solana have seen small inflows even as bitcoin products suffered four consecutive weeks of outflows. Around seven of the top 20 biggest crypto assets are smart contract tokens, including ether and dot, solana and cardano. BofA analysts also pointed to smart contract tokens and the blockchain-based applications they power as similar to growth stocks in the equities world, typically technology shares. "We expect 2023 to be the year of token price divergence," analysts at Bank of America wrote in a Feb. 24 research note. BITCOIN STILL BOSS Bitcoin has long traded in tandem with tech stocks, but that cord may be fraying just as smart-contract tokens increasingly take up its crypto super-growth mantle. The cryptocurrency\'s 30-day correlation with the Nasdaq turned negative on Feb. 23 for the first time since early December, where a measure of 1 indicates the two assets are moving in lockstep. Story continues Some crypto watchers say the relative strength in smart-contract tokens this year points to a solid performance by the most established DeFi protocols despite the market ructions of 2022. They caution, though, that the global macro outlook and central bank policy could hit the growth of crypto projects and their associated tokens. James Butterfill, head of research at CoinShares, warned it was also too early to call a major divergence in crypto. Indeed, bitcoin\'s shadow still looms large over the sector, with its share of the total crypto market capitalization up slightly to 40%, from 38% at the start of the year. But on the other hand, Butterfill said such departures could be a potential sign of the cryptoverse growing up. "We should be increasingly adopting the view that the market, as it evolves, will become more sophisticated and more mature, and we will start to see that price divergence.
**Last 60 Days of Bitcoin's Closing Prices:**
[16951.97, 16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-07
**Financial & Commodity Data:**
- Gold Closing Price: $1813.90
- Crude Oil Closing Price: $77.58
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,351,320,306
- Hash Rate: 353136003.5729172
- Transaction Count: 362082.0
- Unique Addresses: 771846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • US stocks closed mixed Wednesday after a choppy session amid fresh earnings.
• Microsoft shares fell after it cut revenue guidance. Investors are awaiting Tesla's report after the bell.
• The S&P 500 remains higher early in the new trading year.
US stocks ended mixed on Wednesday, with disappointing financial updates from Microsoft and Boeing making for a choppy session as investors determine how companies have been navigating through higher rates and an uncertain economic environment.
The S&P 500 lost ground for a second consecutive day but pared deeper losses. Of its 11 sectors, only the financial group managed to eke out a gain.
Microsoftshares fell after the software heavyweightcut its third-quarter revenue outlookpartially as growth in its cloud business slows.Boeingshares, meanwhile, dug themselves out of the red. They had declined during the session after the aircraft maker posted an unexpected fourth-quarter loss of more than $600 million, hit by supply chain challenges.
Tesla'sfourth-quarter resultswere due after Wednesday's closing bell.
Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:
• S&P 500:4,016.17, down 0.02%
• Dow Jones Industrial Average:33,743.71, up 0.03% (9.75 points)
• Nasdaq Composite:11,313.36, down 0.18%
The S&P 500 so far this year has gained more than 4% after tumbling 19% in 2022.
"For three weeks, that's a pretty healthy start," John Porter, chief investment officer of equities at Newton Investment Management, told Insider. However, there will be continued pressure on earnings projections for Corporate America, he said.
"A month from now … we're probably going to see another two, three, four percent taken out of earnings expectations for this year. That's a hurdle for equities," he said. "They don't tend to perform well in an environment where expectations are already down … [and] any expectations around the Fed cutting rates are woefully premature at this point."
Here's what else is happening today:
• Elon Musk admitshe didn't have a "specific number" for how much funding was needed to takeTeslaprivate.
• Investors are underestimating sticky cost inflation that's denting company profits,Morgan Stanley's Mike Wilson said.
• The stock market is nearing a tipping point in thebalance between active and passive investing,says ISS.
• Bankrupt crypto lenderBlockFi accidentally revealedit had more than $1.2 billion in assets tied up with FTX.
• US housing priceswill stop crashing within six months, said Goldman Sachs.
In commodities, bonds, and crypto:
• West Texas Intermediate cruderose 0.5% to $80.55 per barrel.Brent crude,the international benchmark, picked up 0.4% to $86.43.
• Goldrose 0.6% to $1,946.20 per ounce.
• The10-year Treasury yieldfell 7 basis points to 3.44%.
• Bitcoinrose 1.3% to trade at $22,922.04.
Read the original article onBusiness Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday.\nThe company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorseyon Twitterin 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.”\nBlock wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation.\n“We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in ablog post.\nBlock didn't immediately respond to a request for comment fromDecrypt.\nIrwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later.\nAround this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot anall-solar Bitcoin mining facilityin Texas.\nSince then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits.\nIt’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App.\nThe rest came from hardware, which accounted for $164 million of that total, according to SEC filings.\nBut the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet.\n“We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in itsannual report.\nStill, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million.\nAlthough the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", "Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday. The company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorsey on Twitter in 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.” Block wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation. “We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in a blog post . Block didn't immediately respond to a request for comment from Decrypt . Irwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later. Around this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot an all-solar Bitcoin mining facility in Texas. Since then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits. It’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App. Story continues The rest came from hardware, which accounted for $164 million of that total, according to SEC filings. But the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet. Bitcoin Maxi Jack Dorsey Slams Facebook Over 'Wasted Effort and Time' on Diem “We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in its annual report . Still, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million. Although the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", "Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday.\nThe company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorseyon Twitterin 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.”\nBlock wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation.\n“We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in ablog post.\nBlock didn't immediately respond to a request for comment fromDecrypt.\nIrwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later.\nAround this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot anall-solar Bitcoin mining facilityin Texas.\nSince then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits.\nIt’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App.\nThe rest came from hardware, which accounted for $164 million of that total, according to SEC filings.\nBut the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet.\n“We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in itsannual report.\nStill, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million.\nAlthough the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", 'TORONTO, March 07, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose Investments” or “the Company”) is announcing a correction to its earlier press release dated March 7, 2023, which aimed to clarify the firm’s ESG policy as it relates to funds managed by the Company. This press release updates the list of all Purpose Investments funds that do not fall under the ESG classification.\n[{"Webpage": "https://www.purposeinvest.com/thoughtful/purpose-investments-continues-mission-to-create-success-for-canadians-by-fully-integrating-environmental-social-and-governance-esg-principles", "Update": "Purpose added a disclaimer specifically stating that this was a point-in-time publication and that updated information can be found on each fund\\u2019s respective webpage; and provided a link to Purpose\\u2019s updated ESG Policy.Appropriate disclaimers were aligned across the listed ESG-related articles.", "Nature and Implication of Errors": "Purpose believes that the publication of a date alongside this blog post made it sufficiently clear to readers that this publication was always meant to be a point-in-time post. However, some readers may not have made this inference, which may have led them to believe that Purpose\\u2019s point-in-time views regarding ESG would apply indefinitely.The corrections make it explicit that this is a point-in-time publication."}, {"Webpage": "https://www.purposeinvest.com/funds/purpose-global-climate-opportunities-fund/knowledge-base/esg-diaries-five-things-weve-learned-about-our-approach", "Update": "Purpose added a disclaimer specifically stating that this was a point-in-time publication and that updated information can be found on each fund\\u2019s respective webpage; and provided a link to Purpose\\u2019s updated ESG Policy.Appropriate disclaimers were aligned across the listed ESG-related articles.", "Nature and Implication of Errors": "Purpose believes that the publication of a date alongside this blog post made it sufficiently clear to readers that this publication was always meant to be a point-in-time post. However, some readers may not have made this inference, which may have led them to believe that Purpose\\u2019s point-in-time views regarding ESG would apply indefinitely.The corrections make it explicit that this is a point-in-time publication."}, {"Webpage": "https://www.purposeinvest.com/about", "Update": "Purpose replaced the phrase \\u201cESG Always\\u201d from the \\u201cPrinciples of Purpose\\u201d section.The section is now headed \\u201cESG Conscious,\\u201d and the text under that heading reads as:\\u201cWe do not believe investors should have to sacrifice returns for sustainability. This is why we integrate environmental, social, and governance factors into a specific subset of our fund lineup where we believe it fits well with the investment strategy. In these cases, when we allocate capital for investors, we seek to generate returns based on performance while also considering the risks and opportunities arising from ESG factors.\\u201d", "Nature and Implication of Errors": "Purpose believes that, read together, its disclosure regarding ESG made sufficiently clear that ESG integration is applied wherever possible, subject to the qualifications listed in those publications. However, a reader who read this page in isolation might have understood the phrase \\u201cESG Always\\u201d to mean that Purpose \\u201calways\\u201d integrates ESG in a literal way.The corrections make it clear that Purpose is ESG Conscious."}, {"Webpage": "https://www.purposeinvest.com/esg", "Update": "Purpose updated existing ESG Policy page to more closely align with fund prospectus disclosure and incorporate guidance from theCSA Staff Notice 81-334 ESG-Related Investment Fund Disclosure. The ESG Policy sets out how ESG strategies are applied, evaluated, and monitored for the Purpose ESG-Related Funds.", "Nature and Implication of Errors": "Purpose updated its existing ESG Vision to the ESG Policy. Readers may have previously been confused as to how Purpose incorporates guidance from the CSA regarding ESG, which is now reflected in the updated Policy."}]\nThe updates outlined above were requested by the Staff of the Ontario Securities Commission in connection with the Staff’s issue-oriented review of ESG-Related Funds.\xa0 The following list includes all Purpose Investments Funds that do not fall under the ESG classification.\n[{"Fund Name": "Black Diamond Distressed Opportunities Fund"}, {"Fund Name": "Black Diamond Global Enhanced Income Fund"}, {"Fund Name": "Black Diamond Global Equity Fund"}, {"Fund Name": "Canadian Investment Grade Preferred Share Fund"}, {"Fund Name": "Purpose Credit Opportunities Fund"}, {"Fund Name": "Purpose Global Flexible Credit Fund"}, {"Fund Name": "Purpose Total Return Bond Fund"}, {"Fund Name": "Purpose Gold Bullion Fund"}, {"Fund Name": "Purpose Silver Bullion Fund"}, {"Fund Name": "Purpose Cash Management Fund"}, {"Fund Name": "Purpose High Interest Savings Fund"}, {"Fund Name": "Purpose Premium Money Market Fund"}, {"Fund Name": "Purpose US Cash Fund"}, {"Fund Name": "Purpose Bitcoin ETF"}, {"Fund Name": "Purpose Bitcoin Yield ETF"}, {"Fund Name": "Purpose Crypto Opportunities ETF"}, {"Fund Name": "Purpose Ether ETF"}, {"Fund Name": "Purpose Ether Yield ETF"}, {"Fund Name": "Big Banc Split Corp."}, {"Fund Name": "Purpose Behavioural Opportunities Fund"}, {"Fund Name": "Purpose Best Ideas Fund"}, {"Fund Name": "Purpose Canadian Equity Growth Fund"}, {"Fund Name": "Purpose Global Innovators Fund"}, {"Fund Name": "Purpose Canadian Financial Income Fund"}, {"Fund Name": "Purpose Canadian Income Growth Fund"}, {"Fund Name": "Purpose Emerging Markets Dividend Fund"}, {"Fund Name": "Purpose Healthcare Innovation Yield Fund"}, {"Fund Name": "Purpose Monthly Income Fund"}, {"Fund Name": "Purpose Tactical Asset Allocation Fund"}, {"Fund Name": "Longevity Pension Fund"}, {"Fund Name": "Purpose Structured Equity Growth Fund"}, {"Fund Name": "Purpose Structured Equity Yield Plus Fund"}, {"Fund Name": "Purpose Structured Equity Yield Portfolio"}, {"Fund Name": "Alphabet (GOOGL) Yield Shares Purpose ETF"}, {"Fund Name": "Amazon (AMZN) Yield Shares Purpose ETF"}, {"Fund Name": "Apple (AAPL) Yield Shares Purpose ETF"}, {"Fund Name": "Berkshire Hathaway (BRK) Yield Shares Purpose ETF"}, {"Fund Name": "Tesla (TSLA) Yield Shares Purpose ETF"}]\nAbout Purpose InvestmentsPurpose Investments is an asset management company with over $15 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.\nFor further information, please contact:Keera [email protected]\nCommissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Fund distribution levels and frequencies are not guaranteed and may vary at the Purpose Investment’s sole discretion.\nInformation contained on this page was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice, and updated information can be found on each fund’s specific webpage. Purpose’s ESG policy can be found athttps://www.purposeinvest.com/esg.', 'Purpose Investments Inc. TORONTO, March 07, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose Investments” or “the Company”) is announcing a correction to its earlier press release dated March 7, 2023, which aimed to clarify the firm’s ESG policy as it relates to funds managed by the Company. This press release updates the list of all Purpose Investments funds that do not fall under the ESG classification. Webpage Update Nature and Implication of Errors https://www.purposeinvest.com/thoughtful/purpose-investments-continues-mission-to-create-success-for-canadians-by-fully-integrating-environmental-social-and-governance-esg-principles Purpose added a disclaimer specifically stating that this was a point-in-time publication and that updated information can be found on each fund’s respective webpage; and provided a link to Purpose’s updated ESG Policy. Appropriate disclaimers were aligned across the listed ESG-related articles. Purpose believes that the publication of a date alongside this blog post made it sufficiently clear to readers that this publication was always meant to be a point-in-time post. However, some readers may not have made this inference, which may have led them to believe that Purpose’s point-in-time views regarding ESG would apply indefinitely. The corrections make it explicit that this is a point-in-time publication. https://www.purposeinvest.com/funds/purpose-global-climate-opportunities-fund/knowledge-base/esg-diaries-five-things-weve-learned-about-our-approach Purpose added a disclaimer specifically stating that this was a point-in-time publication and that updated information can be found on each fund’s respective webpage; and provided a link to Purpose’s updated ESG Policy. Appropriate disclaimers were aligned across the listed ESG-related articles. Purpose believes that the publication of a date alongside this blog post made it sufficiently clear to readers that this publication was always meant to be a point-in-time post. However, some readers may not have made this inference, which may have led them to believe that Purpose’s point-in-time views regarding ESG would apply indefinitely. The corrections make it explicit that this is a point-in-time publication. https://www.purposeinvest.com/about Purpose replaced the phrase “ESG Always” from the “Principles of Purpose” section. The section is now headed “ESG Conscious,” and the text under that heading reads as: “We do not believe investors should have to sacrifice returns for sustainability. This is why we integrate environmental, social, and governance factors into a specific subset of our fund lineup where we believe it fits well with the investment strategy. In these cases, when we allocate capital for investors, we seek to generate returns based on performance while also considering the risks and opportunities arising from ESG factors.” Purpose believes that, read together, its disclosure regarding ESG made sufficiently clear that ESG integration is applied wherever possible, subject to the qualifications listed in those publications. However, a reader who read this page in isolation might have understood the phrase “ESG Always” to mean that Purpose “always” integrates ESG in a literal way. The corrections make it clear that Purpose is ESG Conscious. https://www.purposeinvest.com/esg Purpose updated existing ESG Policy page to more closely align with fund prospectus disclosure and incorporate guidance from the CSA Staff Notice 81-334 ESG-Related Investment Fund Disclosure . The ESG Policy sets out how ESG strategies are applied, evaluated, and monitored for the Purpose ESG-Related Funds. Purpose updated its existing ESG Vision to the ESG Policy. Readers may have previously been confused as to how Purpose incorporates guidance from the CSA regarding ESG, which is now reflected in the updated Policy. The updates outlined above were requested by the Staff of the Ontario Securities Commission in connection with the Staff’s issue-oriented review of ESG-Related Funds.\xa0 The following list includes all Purpose Investments Funds that do not fall under the ESG classification. Story continues Fund Name Black Diamond Distressed Opportunities Fund Black Diamond Global Enhanced Income Fund Black Diamond Global Equity Fund Canadian Investment Grade Preferred Share Fund Purpose Credit Opportunities Fund Purpose Global Flexible Credit Fund Purpose Total Return Bond Fund Purpose Gold Bullion Fund Purpose Silver Bullion Fund Purpose Cash Management Fund Purpose High Interest Savings Fund Purpose Premium Money Market Fund Purpose US Cash Fund Purpose Bitcoin ETF Purpose Bitcoin Yield ETF Purpose Crypto Opportunities ETF Purpose Ether ETF Purpose Ether Yield ETF Big Banc Split Corp. Purpose Behavioural Opportunities Fund Purpose Best Ideas Fund Purpose Canadian Equity Growth Fund Purpose Global Innovators Fund Purpose Canadian Financial Income Fund Purpose Canadian Income Growth Fund Purpose Emerging Markets Dividend Fund Purpose Healthcare Innovation Yield Fund Purpose Monthly Income Fund Purpose Tactical Asset Allocation Fund Longevity Pension Fund Purpose Structured Equity Growth Fund Purpose Structured Equity Yield Plus Fund Purpose Structured Equity Yield Portfolio Alphabet (GOOGL) Yield Shares Purpose ETF Amazon (AMZN) Yield Shares Purpose ETF Apple (AAPL) Yield Shares Purpose ETF Berkshire Hathaway (BRK) Yield Shares Purpose ETF Tesla (TSLA) Yield Shares Purpose ETF About Purpose Investments Purpose Investments is an asset management company with over $15 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information, please contact: Keera Hart [email protected] 905-580-1257 Commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Fund distribution levels and frequencies are not guaranteed and may vary at the Purpose Investment’s sole discretion. Information contained on this page was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice, and updated information can be found on each fund’s specific webpage. Purpose’s ESG policy can be found at https://www.purposeinvest.com/esg .', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:In prepared comments before the U.S. Senate Banking Committee, Fed Chair Jerome Powell said that inflation remained problematic. Bitcoin tumbled initially but later recovered.\nInsights:CryptoRank data shows that despite their down 2022, many crypto funds have risen over the past three years.\nBitcoin, Ether Being Tested by Powell’s Comments\nCoinDesk Market Index (CMI)\n1,038\n−6.1▼0.6%\nBitcoin (BTC)\n$22,249\n−240.8▼1.1%\nEthereum (ETH)\n$1,568\n−5.8▼0.4%\nS&P 500\n3,986.37\n−62.0▼1.5%\nGold\n$1,816\n−32.0▼1.7%\nNikkei 225\n28,309.16\n+71.4▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia, here’s how the markets are performing today.\nBitcoin and ether began the morning in Asia in the green, but are back in the red, if ever so slightly, after Federal Reserve Chairman Jerome Powellsaid the U.S. economy is running hotter than expectedand the central bank is “prepared to increase the pace of rate hikes” in the name of maintaining price stability.\nThe world’s largest digital asset is beginning the Asia trading day at $22,249, down 1.1% in the last hour while ether is trading at $1,568, down 0.4% in the last day.\n“I think there will be an impact on anything that’s valued or traded against the U.S. dollar,” AdvisorShares CEO Noah Hamman said on a recent appearance of CoinDesk TV’s “All About Bitcoin.“ The secondary concern “is the reduction of the Fed’s balance sheet. This pulls a lot of liquidity out of the market and that’s more challenging for risky assets.”\nMeanwhile, China token Conflux is up 9.1% during the last 24 hours. In the past week, the token is up 12.8%, outperforming other China narrative coins such as NEO and filecoin.\nEther continues to outperform bitcoin, if ever so slightly. Bitcoin is down around 1% during the last 48 hours, while ether is down 0.25%.\n“There’s significant narrative and meaningful structural tailwinds behind Ethereum over the next 12-18 months with the Shanghai [upgrade] and a lot of staking becoming liquid,” Quinn Thompson, the head of capital markets at Maple Finance, told CoinDesk TV during a recent interview.\nWhile Ethereum, and the mission-critical pieces of infrastructure might be having their moment, Thompson said some of the more “speculative” projects on the “longer tail of the spectrum” are going to struggle.\n“That’s kind of the problem plaguing crypto right now. With on-chain activity lower, new addresses lower, there’s not really an uptick in activity that coincides with an uptick in revenue,” he said. “Most protocols and projects in the space are facing a little bit of a crunch on the budget side.”\nAll this is helping the consolidation narrative, he said, leading to majors like bitcoin and Ether outperforming.\nCrypto Funds Are Dented but Hardly Broken After 2022 Free Fall\nCrypto fund Multicoin Capitalrecently disclosed to investorsthat its hedge fund lost 91% of its value. Sino Global, once on top of the crypto world, found itself dragged into the black hole of FTX-Alamedabecause of close ties to Sam Bankman-Friedand his universe of tokens.\nIn any other industry, like traditional finance (TradFi) or tech, this would be the end of these funds. Losing almost the entirety of the fund would mean its moneymen, the limited partners (LP), would ensure everyone involved in executing the fund’s investment strategy is fired.\nBut this is crypto, and things work differently.\nWhile there is still some rot within the crypto VC industry, and Galois Capital, whichshut its doors in late Februaryafter losing $40 million to the collapse of FTX, won’t be the last fund to fail, many of these funds are enduring. And a number of them are even over a longer time horizon.\nData from CryptoRank, which tracks the fund\'s portfolios and known holdings, shows that while major funds like Delphi Digital, Polychain or Animoca are down 80%, 64% and 81%, respectively, over the course of the last 365 days, they are still well into the green during the last three years.\nMany are also up over the last three months, thanks to the mini-bull market in January and early February.\nNature is healing. Bitcoin is trading above $20,283, its price on Nov. 2, the day FTX collapsed.. There are many tokens still in the red, but plenty that have posted incredible and somewhat unexpected gains in the last few weeks. Who saw the rise of the China tokens like conflux or filecoin?\nBut there are a few caveats.\nCryptoRank can’t track the value of equity investments the firms would have made (though there are always more tokens than equity in their bag) nor can it track the preferential prices they might have secured for the tokens as an investor.\nIt also doesn’t know if funds have capital stuck on FTX – becausecourts won’tunseal a list of creditors. Token prices are liquid, and are bouncing back. But capital stuck on FTX will be an Achilles heel for funds, given that it might take adecade to recover.\nCrypto Expo Dubai 2023\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q4)\n12:15 p.m. HKT/SGT(4:15 UTC)United States ADP Employment Change (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nGrayscale Bitcoin Trust at Issue in Court; Yuga Labs Co-founder on Bitcoin NFT Collection\nThe Grayscale Bitcoin Trust discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court related to Grayscale\'s lawsuit against the SEC. Grayscale and CoinDesk are both owned by DCG. Maple Finance Head of Capital Markets Quinn Thompson shared his crypto markets analysis. Plus, the company behind Bored Ape Yacht Club generated $16.5 million from its auction of 288 NFTs in its TwelveFold collection based on the Ordinals protocol. Yuga Labs co-founder Greg Solano shared his reaction. And, Uniswap Labs Chief Operating Officer Mary-Catherine Lader joined the conversation.\nGBTC Discount Narrows to Lowest Level Since November Following Court Hearing:The three-judge panel appeared skeptical of the SEC’s reasoning for denying conversion of the trust to an exchange-traded fund (ETF).\nLatin American Travel Agency Despegar Begins Accepting Crypto Payments:Teaming with Binance Pay, the travel company will initially accept crypto in Argentina, with plans to roll this option out to additional countries.\nEsports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche:Avalanche will be TSM\'s exclusive blockchain partner as it builds out its competitive gaming platform, Blitz.\nThailand Offers $1B Tax Break for Firms Issuing Investment Tokens, Reuters:The country will waive corporation and sales taxes for those firms.\nYuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers:Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: In prepared comments before the U.S. Senate Banking Committee, Fed Chair Jerome Powell said that inflation remained problematic. Bitcoin tumbled initially but later recovered. Insights: CryptoRank data shows that despite their down 2022, many crypto funds have risen over the past three years. Prices Bitcoin, Ether Being Tested by Powell’s Comments CoinDesk Market Index (CMI) 1,038 −6.1 ▼ 0.6% Bitcoin (BTC) $22,249 −240.8 ▼ 1.1% Ethereum (ETH) $1,568 −5.8 ▼ 0.4% S&P 500 3,986.37 −62.0 ▼ 1.5% Gold $1,816 −32.0 ▼ 1.7% Nikkei 225 28,309.16 +71.4 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s how the markets are performing today. Bitcoin and ether began the morning in Asia in the green, but are back in the red, if ever so slightly, after Federal Reserve Chairman Jerome Powell said the U.S. economy is running hotter than expected and the central bank is “prepared to increase the pace of rate hikes” in the name of maintaining price stability. The world’s largest digital asset is beginning the Asia trading day at $22,249, down 1.1% in the last hour while ether is trading at $1,568, down 0.4% in the last day. “I think there will be an impact on anything that’s valued or traded against the U.S. dollar,” AdvisorShares CEO Noah Hamman said on a recent appearance of CoinDesk TV’s “All About Bitcoin.“ The secondary concern “is the reduction of the Fed’s balance sheet. This pulls a lot of liquidity out of the market and that’s more challenging for risky assets.” Meanwhile, China token Conflux is up 9.1% during the last 24 hours. In the past week, the token is up 12.8%, outperforming other China narrative coins such as NEO and filecoin. Ether continues to outperform bitcoin, if ever so slightly. Bitcoin is down around 1% during the last 48 hours, while ether is down 0.25%. (Tradingview) “There’s significant narrative and meaningful structural tailwinds behind Ethereum over the next 12-18 months with the Shanghai [upgrade] and a lot of staking becoming liquid,” Quinn Thompson, the head of capital markets at Maple Finance, told CoinDesk TV during a recent interview. Story continues While Ethereum, and the mission-critical pieces of infrastructure might be having their moment, Thompson said some of the more “speculative” projects on the “longer tail of the spectrum” are going to struggle. “That’s kind of the problem plaguing crypto right now. With on-chain activity lower, new addresses lower, there’s not really an uptick in activity that coincides with an uptick in revenue,” he said. “Most protocols and projects in the space are facing a little bit of a crunch on the budget side.” All this is helping the consolidation narrative, he said, leading to majors like bitcoin and Ether outperforming. Insights Crypto Funds Are Dented but Hardly Broken After 2022 Free Fall Crypto fund Multicoin Capital recently disclosed to investors that its hedge fund lost 91% of its value. Sino Global, once on top of the crypto world, found itself dragged into the black hole of FTX-Alameda because of close ties to Sam Bankman-Fried and his universe of tokens. In any other industry, like traditional finance (TradFi) or tech, this would be the end of these funds. Losing almost the entirety of the fund would mean its moneymen, the limited partners (LP), would ensure everyone involved in executing the fund’s investment strategy is fired. But this is crypto, and things work differently. While there is still some rot within the crypto VC industry, and Galois Capital, which shut its doors in late February after losing $40 million to the collapse of FTX, won’t be the last fund to fail, many of these funds are enduring. And a number of them are even over a longer time horizon. Data from CryptoRank, which tracks the fund\'s portfolios and known holdings, shows that while major funds like Delphi Digital, Polychain or Animoca are down 80%, 64% and 81%, respectively, over the course of the last 365 days, they are still well into the green during the last three years. (CryptoRank) Many are also up over the last three months, thanks to the mini-bull market in January and early February. Nature is healing. Bitcoin is trading above $20,283, its price on Nov. 2, the day FTX collapsed.. There are many tokens still in the red, but plenty that have posted incredible and somewhat unexpected gains in the last few weeks. Who saw the rise of the China tokens like conflux or filecoin? But there are a few caveats. CryptoRank can’t track the value of equity investments the firms would have made (though there are always more tokens than equity in their bag) nor can it track the preferential prices they might have secured for the tokens as an investor. It also doesn’t know if funds have capital stuck on FTX – because courts won’t unseal a list of creditors. Token prices are liquid, and are bouncing back. But capital stuck on FTX will be an Achilles heel for funds, given that it might take a decade to recover . Important events Crypto Expo Dubai 2023 9:00 a.m. HKT/SGT(1:00 UTC) Eurozone Gross Domestic Product s.a. (YoY/Q4) 12:15 p.m. HKT/SGT(4:15 UTC) United States ADP Employment Change (Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Grayscale Bitcoin Trust at Issue in Court; Yuga Labs Co-founder on Bitcoin NFT Collection The Grayscale Bitcoin Trust discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court related to Grayscale\'s lawsuit against the SEC. Grayscale and CoinDesk are both owned by DCG. Maple Finance Head of Capital Markets Quinn Thompson shared his crypto markets analysis. Plus, the company behind Bored Ape Yacht Club generated $16.5 million from its auction of 288 NFTs in its TwelveFold collection based on the Ordinals protocol. Yuga Labs co-founder Greg Solano shared his reaction. And, Uniswap Labs Chief Operating Officer Mary-Catherine Lader joined the conversation. Headlines GBTC Discount Narrows to Lowest Level Since November Following Court Hearing : The three-judge panel appeared skeptical of the SEC’s reasoning for denying conversion of the trust to an exchange-traded fund (ETF). Latin American Travel Agency Despegar Begins Accepting Crypto Payments : Teaming with Binance Pay, the travel company will initially accept crypto in Argentina, with plans to roll this option out to additional countries. Esports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche : Avalanche will be TSM\'s exclusive blockchain partner as it builds out its competitive gaming platform, Blitz. Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens, Reuters : The country will waive corporation and sales taxes for those firms. Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers : Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:In prepared comments before the U.S. Senate Banking Committee, Fed Chair Jerome Powell said that inflation remained problematic. Bitcoin tumbled initially but later recovered.\nInsights:CryptoRank data shows that despite their down 2022, many crypto funds have risen over the past three years.\nBitcoin, Ether Being Tested by Powell’s Comments\nCoinDesk Market Index (CMI)\n1,038\n−6.1▼0.6%\nBitcoin (BTC)\n$22,249\n−240.8▼1.1%\nEthereum (ETH)\n$1,568\n−5.8▼0.4%\nS&P 500\n3,986.37\n−62.0▼1.5%\nGold\n$1,816\n−32.0▼1.7%\nNikkei 225\n28,309.16\n+71.4▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia, here’s how the markets are performing today.\nBitcoin and ether began the morning in Asia in the green, but are back in the red, if ever so slightly, after Federal Reserve Chairman Jerome Powellsaid the U.S. economy is running hotter than expectedand the central bank is “prepared to increase the pace of rate hikes” in the name of maintaining price stability.\nThe world’s largest digital asset is beginning the Asia trading day at $22,249, down 1.1% in the last hour while ether is trading at $1,568, down 0.4% in the last day.\n“I think there will be an impact on anything that’s valued or traded against the U.S. dollar,” AdvisorShares CEO Noah Hamman said on a recent appearance of CoinDesk TV’s “All About Bitcoin.“ The secondary concern “is the reduction of the Fed’s balance sheet. This pulls a lot of liquidity out of the market and that’s more challenging for risky assets.”\nMeanwhile, China token Conflux is up 9.1% during the last 24 hours. In the past week, the token is up 12.8%, outperforming other China narrative coins such as NEO and filecoin.\nEther continues to outperform bitcoin, if ever so slightly. Bitcoin is down around 1% during the last 48 hours, while ether is down 0.25%.\n“There’s significant narrative and meaningful structural tailwinds behind Ethereum over the next 12-18 months with the Shanghai [upgrade] and a lot of staking becoming liquid,” Quinn Thompson, the head of capital markets at Maple Finance, told CoinDesk TV during a recent interview.\nWhile Ethereum, and the mission-critical pieces of infrastructure might be having their moment, Thompson said some of the more “speculative” projects on the “longer tail of the spectrum” are going to struggle.\n“That’s kind of the problem plaguing crypto right now. With on-chain activity lower, new addresses lower, there’s not really an uptick in activity that coincides with an uptick in revenue,” he said. “Most protocols and projects in the space are facing a little bit of a crunch on the budget side.”\nAll this is helping the consolidation narrative, he said, leading to majors like bitcoin and Ether outperforming.\nCrypto Funds Are Dented but Hardly Broken After 2022 Free Fall\nCrypto fund Multicoin Capitalrecently disclosed to investorsthat its hedge fund lost 91% of its value. Sino Global, once on top of the crypto world, found itself dragged into the black hole of FTX-Alamedabecause of close ties to Sam Bankman-Friedand his universe of tokens.\nIn any other industry, like traditional finance (TradFi) or tech, this would be the end of these funds. Losing almost the entirety of the fund would mean its moneymen, the limited partners (LP), would ensure everyone involved in executing the fund’s investment strategy is fired.\nBut this is crypto, and things work differently.\nWhile there is still some rot within the crypto VC industry, and Galois Capital, whichshut its doors in late Februaryafter losing $40 million to the collapse of FTX, won’t be the last fund to fail, many of these funds are enduring. And a number of them are even over a longer time horizon.\nData from CryptoRank, which tracks the fund\'s portfolios and known holdings, shows that while major funds like Delphi Digital, Polychain or Animoca are down 80%, 64% and 81%, respectively, over the course of the last 365 days, they are still well into the green during the last three years.\nMany are also up over the last three months, thanks to the mini-bull market in January and early February.\nNature is healing. Bitcoin is trading above $20,283, its price on Nov. 2, the day FTX collapsed.. There are many tokens still in the red, but plenty that have posted incredible and somewhat unexpected gains in the last few weeks. Who saw the rise of the China tokens like conflux or filecoin?\nBut there are a few caveats.\nCryptoRank can’t track the value of equity investments the firms would have made (though there are always more tokens than equity in their bag) nor can it track the preferential prices they might have secured for the tokens as an investor.\nIt also doesn’t know if funds have capital stuck on FTX – becausecourts won’tunseal a list of creditors. Token prices are liquid, and are bouncing back. But capital stuck on FTX will be an Achilles heel for funds, given that it might take adecade to recover.\nCrypto Expo Dubai 2023\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Gross Domestic Product s.a. (YoY/Q4)\n12:15 p.m. HKT/SGT(4:15 UTC)United States ADP Employment Change (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nGrayscale Bitcoin Trust at Issue in Court; Yuga Labs Co-founder on Bitcoin NFT Collection\nThe Grayscale Bitcoin Trust discount to net asset value has fallen to its lowest level in a month, ahead of oral arguments in federal court related to Grayscale\'s lawsuit against the SEC. Grayscale and CoinDesk are both owned by DCG. Maple Finance Head of Capital Markets Quinn Thompson shared his crypto markets analysis. Plus, the company behind Bored Ape Yacht Club generated $16.5 million from its auction of 288 NFTs in its TwelveFold collection based on the Ordinals protocol. Yuga Labs co-founder Greg Solano shared his reaction. And, Uniswap Labs Chief Operating Officer Mary-Catherine Lader joined the conversation.\nGBTC Discount Narrows to Lowest Level Since November Following Court Hearing:The three-judge panel appeared skeptical of the SEC’s reasoning for denying conversion of the trust to an exchange-traded fund (ETF).\nLatin American Travel Agency Despegar Begins Accepting Crypto Payments:Teaming with Binance Pay, the travel company will initially accept crypto in Argentina, with plans to roll this option out to additional countries.\nEsports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche:Avalanche will be TSM\'s exclusive blockchain partner as it builds out its competitive gaming platform, Blitz.\nThailand Offers $1B Tax Break for Firms Issuing Investment Tokens, Reuters:The country will waive corporation and sales taxes for those firms.\nYuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers:Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”', 'Bitcoin dipped and Ether traded little changed on Wednesday morning in Asia, with most of the rest of the top 10 non-stablecoin cryptocurrencies mixed. XRP led the winners and Litecoin posted the biggest loss. Cryptocurrencies appeared to largely shrug off Federal Reserve Chair Jerome Powell’s remarks on Tuesday in Congress, which increased concerns about a steeper rise in interest rates than expected and sent U.S. equities into a slump.\nSee related article:SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud\n• Bitcoin dipped 0.79% in the past 24 hours to US$22,261 as of 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The leading cryptocurrency is down 3.74% for the past seven days. Ether edged up 0.06% to US$1,567, but is also in the red for the past week with a 2.22% loss.\n• Litecoin had the biggest 24-hour loss among the top 10 non-stablecoin cryptocurrencies, dropping 2.12% to trade at US$86.08. The token has lost 8.42% for the past week.\n• XRP led the winners, rising 3.52% to US$0.38. Acourt rulingon testimony on Monday partially favored Ripple Labs, a crypto payment network powered by XRP, in its ongoing lawsuit with the U.S. Securities and Exchange Commission. XRP gained 1.90% over the seven-day period.\n• The U.S.-based crypto exchange Krakentweetedon Monday it was “winding down” its relationship with Silvergate, joiningthe list of crypto firmsdistancing themselves from the embattled crypto bank.\n• The total crypto market capitalization dipped 0.49% in the past 24 hours to US$1.02 trillion. Total trading volume over the last 24 hours rose 26.38% to US$44.69 billion.\n• U.S. equities slid on Tuesday. The Dow Jones Industrial Average closed 1.72% lower, the S&P 500 fell 1.53% and the Nasdaq Composite Index dropped 1.25%.\n• The slump followed Fed Chair Jerome Powell’sspeechto Congress the same day, where he said recent economic data in the U.S. suggests inflation remains a threat and indicates interest rates may need to be raised to levels higher than previously projected.\n• In December 2022, the Fedprojectedinterest rates to peak at 5.1% in 2023, but some analysts now predict the rate may reach 6.0% if the economic data readings continue to appear overheated, according toReuterson Wednesday.\n• U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 30.2% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 69.8% chance for a raise of 50 basis points, which is more than double the 31.4% prediction on Monday.\n• The next raft of data to come this week is on the U.S. job market, including February private payrolls on Wednesday and the Labor Department’s February job reports on Friday. Both indicators feed into the Fed’s decision-making on interest rates. Powell will also be speaking on Capitol Hill on Wednesday.\nSee related article:South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies', 'Bitcoin dipped and Ether traded little changed on Wednesday morning in Asia, with most of the rest of the top 10 non-stablecoin cryptocurrencies mixed. XRP led the winners and Litecoin posted the biggest loss. Cryptocurrencies appeared to largely shrug off Federal Reserve Chair Jerome Powell\x92s remarks on Tuesday in Congress, which increased concerns about a steeper rise in interest rates than expected and sent U.S. equities into a slump. See related article: SEC shuts Miami hedge fund for alleged ties to US$100 mln crypto fraud Fast facts Bitcoin dipped 0.79% in the past 24 hours to US$22,261 as of 09:00 a.m. in Hong Kong, according to CoinMarketCap data . The leading cryptocurrency is down 3.74% for the past seven days. Ether edged up 0.06% to US$1,567, but is also in the red for the past week with a 2.22% loss. Litecoin had the biggest 24-hour loss among the top 10 non-stablecoin cryptocurrencies, dropping 2.12% to trade at US$86.08. The token has lost 8.42% for the past week. XRP led the winners, rising 3.52% to US$0.38. A court ruling on testimony on Monday partially favored Ripple Labs, a crypto payment network p
**Last 60 Days of Bitcoin's Closing Prices:**
[16955.08, 17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-08
**Financial & Commodity Data:**
- Gold Closing Price: $1812.70
- Crude Oil Closing Price: $76.66
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $425,165,148,800
- Hash Rate: 284649021.0618059
- Transaction Count: 292493.0
- Unique Addresses: 656385.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Tesla lost over $140 million betting on Bitcoin last year, according to a Mondayfilingwith the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022.
“In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,” Tesla said in the filing.
An impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse ofTerra Lunain May 2022.
The annual disclosure to the SEC comes less than a week after Tesla’squarterly earnings report, which included no Bitcoin transactions but nonetheless saw the value of its holdings decline, generatinga $43 million lossfor the last four months of 2022.
Elon Musk's Tesla Still HODLing $218M in Bitcoin
In February 2021, Teslainvesteda staggering $1.5 billion in Bitcoin, making it one of the largest corporate holders of the cryptocurrency—second only toMicroStrategy. At the time, Bitcoin traded at $46,364 per coin. By November 10, 2021, Bitcoin saw its all-time high of $69,044 per coin, according toCoinGecko.
But the good times did not last as Bitcoin, and the rest of the cryptocurrency market, went into freefall in 2022. As of January 31, 2023, Bitcoin is trading at around $23,051.
Tesla’s impairment losses nearly doubled since 2021 when, in an SEC filing that year, Tesla reported a $101 million impairment loss on digital assets and $128 million gains after selling Bitcoin in 2021.
By October 2022, Tesla reported to investors that the company still held over$218 millionin Bitcoin afterselling75% of its holdings in July—around $936 million at the time.
Michael Saylor Takes Shot at Elon Musk on Twitter Over Tesla’s $936M Bitcoin Sale
“As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions,” the company said in Monday’s filing.
In the filing, Tesla calls its Bitcoin holdings indefinite-lived intangible assets. These assets are periodically reviewed to determine if their value on the balance sheet exceeds their fair market value. As Tesla explained, these impairment charges may affect the company’s further investment in Bitcoin.
“For any digital assets held now or in the future, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase,” the company said.
Neither the quarterly earnings report nor the SEC filing identified any specific digital assets besides Bitcoin. The company is believed to hold Dogecoin, however, as itaccepts the meme-coinas payment, and CEO Elon Musk is aself-avowed fan....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700.\nInsights:Conic Finance aims to offer its users yields as high as 21% on three separate omnipools, which diversifies exposure across the Curve ecosystem. But can it deliver?\nCoinDesk Market Index (CMI)\n1,013\n−25.2▼2.4%\nBitcoin (BTC)\n$21,734\n−496.0▼2.2%\nEthereum (ETH)\n$1,536\n−30.7▼2.0%\nS&P 500\n3,992.01\n+5.6▲0.1%\nGold\n$1,819\n+5.3▲0.3%\nNikkei 225\n28,444.19\n+135.0▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Falls to Lowest Level in Nearly a Month.\nGood morning, Asia. Here\'s what\'s happening in markets.\nU.S. Federal Reserve Chairman Jerome Powell talked tough for a second consecutive day. Banking giant JPMorgan ended its relationship with crypto exchange Gemini, as CoinDesk\'s Ian Allisonfirst reported. Crypto-friendly bank Silvergatewill shutteroperations.\nBitcoin absorbed it all and then inched downward to its lowest level in nearly a month. The largest cryptocurrency by market capitalization was recently trading at about $21,750, down more than 2% over the past 24 hours. BTC sank below $21,600 at one point after largely teetering over $22,000 for much of this month. Investors have been wrestling with worrisome jobs and price data that has prompted Powell and Fed governors to rekindle their monetary aggressiveness as an inflation prescription.\nThe prospect of a 50 basis point (bps) interest rate hike now rests about 70% after various indicators heavily favored a more dovish 25 bps increase in previous weeks.\n“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes," Quinn Thompson, head of growth and capital markets at blockchain-powered capital markets platform Maple, wrote CoinDesk in an email. "I think it\'s interesting to note that [the Fed] were parading their hikes as having a substantial impact on inflation, and then it became clear that inflation has proved to be more stubborn than had been anticipated. A 50-basis-point rate hike is basically inevitable now."\nThompson added that "barring any breakage in the system, such as a credit event of some sort, it seems increasingly likely that there won’t be any rate cuts until next year."\nEther fared similarly to bitcoin and was also down about 2% to change hands just above $1,530. That level was well off its late February highs over $1,700. Other major cryptos were mostly in the red, with SOL, the token of the Solana, blockchain off more than 9% and APT, the native cryptocurrency of layer 1 blockchain Aptos Labs down over 6%. TheCoinDesk Market Index, a measure of the broader crypto market\'s performance, was down nearly 3%.\nThe Nikkei rose about 0.5% as trading in Asian equity markets opened. U.S. indexes were flat with the tech-heavy Nasdaq and S&P 500, which has a heavy technology component, climbing slightly but the Dow Jones Industrial Average (DJIA) declining a couple of ticks of a percentage point.\nMaple\'s Thompson was wary about the cryptos\' prospects amid the Fed\'s apparent hawkish turn, which has historically sent prices of crypto and other riskier assets tumbling.\n"I suspect that we could again test the lows that were reached last year as a result of hiked rates, but also because of the Fed’s ongoing monetary tightening regime that is draining liquidity out of the markets," he wrote. "A lot of this tightened monetary policy is being priced into the fixed income markets. But risk assets have yet to price in the potential for downside spillover, and this could spell trouble for equities and crypto."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}]\nConic Finance\'s Big Promise, but Will It Deliver?\nAn earlier version of this storyappearedseparately on CoinDesk\'s website.\nA new tool to capture yields from prominent stablecoin swapping service Curve has attracted over $60 million from depositors just over a week after launch.\nConic Finance, which went live on March 1, allows users to deposit tokens into its omnipools, a new product that diversifies exposure across the Curve ecosystem while increasing rewards.\nEach omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, and so is conic (CNC), Conic’s native token.\nConic users can earn up to 21% annualized yields on the three omnipools for dai (DAI), frax (FRAX) and USD coin (USDC). The USDC pool has attracted over $50 million in liquidity alone, as Conic is currently providing one of the highest available yields in the crypto market for USDC. Deposits of frax and dai are considerably lower at $7 million and $5 million, respectively.\nHolders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conic’s Liquidity Allocation Votes (LAV) – which determine the share of an omnipool’s liquidity that a Curve pool can receive.\nIn the coming weeks, Conic’s demand among traders for its yield-generating products could ultimately generate value for its own CNC token.\nAs such, CNC tokens currently trade at $8, losing 4% in the past 24 hours with a market capitalization of $32 million.\nTo be sure, not all DeFit observers are fully embracing Conic\'s approach. Colin Johnson, the CEO and co-founder of tokenized art investment platform Freeport, called Conic "an interesting new avenue to access yield within the Curve ecosystem," yet added warily that "we\'ve seen historically what happens with promised returns of 20% or more (Terra)."\n"They either rapidly fade – which is most likely to happen here – or they build up an amount of stress that the system cannot handle, and we get an implosion," Johnson wrote. "Users should always beware when yield is delivered in a token that represents the very system they’re interacting with. When that token falls out of favor, its price tends to plummet."\nWhy use Conic?\nCurve uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage, according to developer documents. Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform, which locks over $5 billion worth of Ethereum-based tokens on its platform.\nCurve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops.\nThe tokens are time-locked, meaning users are incentivized to lock their CRV for a long time to receive more veCRV and platform rewards. However, this mechanism effectively locks up liquidity, creating opportunity costs for users.\nThis is where protocols like Conic come into play, allowing users to gain exposure to, or provide liquidity to, the Curve ecosystem to get rewarded while not having to lock up their tokens for long time periods by depositing on Curve directly.\nCrypto Expo Dubai 2023\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/Feb)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan Overall Household Spending (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches Three-Week Low After Powell\'s Hawkish Testimony; NEAR Foundation CEO on Web3 Outlook\nBitcoin fell to a three-week low after U.S. Federal Reserve Chair Jerome Powell\'s hawkish testimony to Congress spurred traders to price in a higher "terminal rate." Digital Economy Initiative advisory council member Martha Reyes weighed in. Plus, Near Foundation CEO Marieke Flament discussed her outlook on Web3 and female leadership in the crypto space on International Women\'s Day. Grayscale Investments Chief Legal Officer Craig Salm, MenaPay CEO Çağla Gül Şenkardeş and WomenInDeFi brand strategist Umeh Chinonye also joined the conversation. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).\nJPMorgan Is Cutting Ties With Crypto Exchange Gemini, Source:Coinbase said its banking relationship with JPMorgan remains intact.\nAlpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds:The firms are creating a holding company called Alpha Transform Holdings, Inc.\nCrypto Long & Short: Why Layer 2 Protocols Matter:They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.\nCoinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps:The U.S. crypto exchange says the new service could help companies “to help bring the next hundred million customers into Web3 through a seamless wallet-onboarding experience.”\nGitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed:A programmer by training, Kevin Owocki\'s view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700. Insights: Conic Finance aims to offer its users yields as high as 21% on three separate omnipools, which diversifies exposure across the Curve ecosystem. But can it deliver? Prices CoinDesk Market Index (CMI) 1,013 −25.2 ▼ 2.4% Bitcoin (BTC) $21,734 −496.0 ▼ 2.2% Ethereum (ETH) $1,536 −30.7 ▼ 2.0% S&P 500 3,992.01 +5.6 ▲ 0.1% Gold $1,819 +5.3 ▲ 0.3% Nikkei 225 28,444.19 +135.0 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Falls to Lowest Level in Nearly a Month. Good morning, Asia. Here\'s what\'s happening in markets. U.S. Federal Reserve Chairman Jerome Powell talked tough for a second consecutive day. Banking giant JPMorgan ended its relationship with crypto exchange Gemini, as CoinDesk\'s Ian Allison first reported . Crypto-friendly bank Silvergate will shutter operations. Bitcoin absorbed it all and then inched downward to its lowest level in nearly a month. The largest cryptocurrency by market capitalization was recently trading at about $21,750, down more than 2% over the past 24 hours. BTC sank below $21,600 at one point after largely teetering over $22,000 for much of this month. Investors have been wrestling with worrisome jobs and price data that has prompted Powell and Fed governors to rekindle their monetary aggressiveness as an inflation prescription. The prospect of a 50 basis point (bps) interest rate hike now rests about 70% after various indicators heavily favored a more dovish 25 bps increase in previous weeks. “After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes," Quinn Thompson, head of growth and capital markets at blockchain-powered capital markets platform Maple, wrote CoinDesk in an email. "I think it\'s interesting to note that [the Fed] were parading their hikes as having a substantial impact on inflation, and then it became clear that inflation has proved to be more stubborn than had been anticipated. A 50-basis-point rate hike is basically inevitable now." Story continues Thompson added that "barring any breakage in the system, such as a credit event of some sort, it seems increasingly likely that there won’t be any rate cuts until next year." Ether fared similarly to bitcoin and was also down about 2% to change hands just above $1,530. That level was well off its late February highs over $1,700. Other major cryptos were mostly in the red, with SOL, the token of the Solana, blockchain off more than 9% and APT, the native cryptocurrency of layer 1 blockchain Aptos Labs down over 6%. The CoinDesk Market Index , a measure of the broader crypto market\'s performance, was down nearly 3%. The Nikkei rose about 0.5% as trading in Asian equity markets opened. U.S. indexes were flat with the tech-heavy Nasdaq and S&P 500, which has a heavy technology component, climbing slightly but the Dow Jones Industrial Average (DJIA) declining a couple of ticks of a percentage point. Maple\'s Thompson was wary about the cryptos\' prospects amid the Fed\'s apparent hawkish turn, which has historically sent prices of crypto and other riskier assets tumbling. "I suspect that we could again test the lows that were reached last year as a result of hiked rates, but also because of the Fed’s ongoing monetary tightening regime that is draining liquidity out of the markets," he wrote. "A lot of this tightened monetary policy is being priced into the fixed income markets. But risk assets have yet to price in the potential for downside spillover, and this could spell trouble for equities and crypto." Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +2.6% Currency Biggest Losers Asset Ticker Returns DACS Sector Solana SOL −8.6% Smart Contract Platform Polygon MATIC −8.2% Smart Contract Platform Terra LUNA −8.2% Smart Contract Platform Insights Conic Finance\'s Big Promise, but Will It Deliver? An earlier version of this story appeared separately on CoinDesk\'s website. A new tool to capture yields from prominent stablecoin swapping service Curve has attracted over $60 million from depositors just over a week after launch. Conic Finance, which went live on March 1, allows users to deposit tokens into its omnipools, a new product that diversifies exposure across the Curve ecosystem while increasing rewards. Each omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, and so is conic (CNC), Conic’s native token. Conic users can earn up to 21% annualized yields on the three omnipools for dai (DAI), frax (FRAX) and USD coin (USDC). The USDC pool has attracted over $50 million in liquidity alone, as Conic is currently providing one of the highest available yields in the crypto market for USDC. Deposits of frax and dai are considerably lower at $7 million and $5 million, respectively. Holders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conic’s Liquidity Allocation Votes (LAV) – which determine the share of an omnipool’s liquidity that a Curve pool can receive. In the coming weeks, Conic’s demand among traders for its yield-generating products could ultimately generate value for its own CNC token. As such, CNC tokens currently trade at $8, losing 4% in the past 24 hours with a market capitalization of $32 million. To be sure, not all DeFit observers are fully embracing Conic\'s approach. Colin Johnson, the CEO and co-founder of tokenized art investment platform Freeport, called Conic "an interesting new avenue to access yield within the Curve ecosystem," yet added warily that "we\'ve seen historically what happens with promised returns of 20% or more (Terra)." "They either rapidly fade – which is most likely to happen here – or they build up an amount of stress that the system cannot handle, and we get an implosion," Johnson wrote. "Users should always beware when yield is delivered in a token that represents the very system they’re interacting with. When that token falls out of favor, its price tends to plummet." Why use Conic? Curve uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage, according to developer documents. Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform, which locks over $5 billion worth of Ethereum-based tokens on its platform. Curve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops. The tokens are time-locked, meaning users are incentivized to lock their CRV for a long time to receive more veCRV and platform rewards. However, this mechanism effectively locks up liquidity, creating opportunity costs for users. This is where protocols like Conic come into play, allowing users to gain exposure to, or provide liquidity to, the Curve ecosystem to get rewarded while not having to lock up their tokens for long time periods by depositing on Curve directly. Important events Crypto Expo Dubai 2023 9:30 a.m. HKT/SGT(1:30 UTC) China Consumer Price Index (YoY/Feb) 7:30 a.m. HKT/SGT(23:30 UTC) Japan Overall Household Spending (YoY/Jan) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Touches Three-Week Low After Powell\'s Hawkish Testimony; NEAR Foundation CEO on Web3 Outlook Bitcoin fell to a three-week low after U.S. Federal Reserve Chair Jerome Powell\'s hawkish testimony to Congress spurred traders to price in a higher "terminal rate." Digital Economy Initiative advisory council member Martha Reyes weighed in. Plus, Near Foundation CEO Marieke Flament discussed her outlook on Web3 and female leadership in the crypto space on International Women\'s Day. Grayscale Investments Chief Legal Officer Craig Salm, MenaPay CEO Çağla Gül Şenkardeş and WomenInDeFi brand strategist Umeh Chinonye also joined the conversation. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG). Headlines JPMorgan Is Cutting Ties With Crypto Exchange Gemini, Source : Coinbase said its banking relationship with JPMorgan remains intact. Alpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds : The firms are creating a holding company called Alpha Transform Holdings, Inc. Crypto Long & Short: Why Layer 2 Protocols Matter : They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems. Coinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps : The U.S. crypto exchange says the new service could help companies “to help bring the next hundred million customers into Web3 through a seamless wallet-onboarding experience.” Gitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed : A programmer by training, Kevin Owocki\'s view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700.\nInsights:Conic Finance aims to offer its users yields as high as 21% on three separate omnipools, which diversifies exposure across the Curve ecosystem. But can it deliver?\nCoinDesk Market Index (CMI)\n1,013\n−25.2▼2.4%\nBitcoin (BTC)\n$21,734\n−496.0▼2.2%\nEthereum (ETH)\n$1,536\n−30.7▼2.0%\nS&P 500\n3,992.01\n+5.6▲0.1%\nGold\n$1,819\n+5.3▲0.3%\nNikkei 225\n28,444.19\n+135.0▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Falls to Lowest Level in Nearly a Month.\nGood morning, Asia. Here\'s what\'s happening in markets.\nU.S. Federal Reserve Chairman Jerome Powell talked tough for a second consecutive day. Banking giant JPMorgan ended its relationship with crypto exchange Gemini, as CoinDesk\'s Ian Allisonfirst reported. Crypto-friendly bank Silvergatewill shutteroperations.\nBitcoin absorbed it all and then inched downward to its lowest level in nearly a month. The largest cryptocurrency by market capitalization was recently trading at about $21,750, down more than 2% over the past 24 hours. BTC sank below $21,600 at one point after largely teetering over $22,000 for much of this month. Investors have been wrestling with worrisome jobs and price data that has prompted Powell and Fed governors to rekindle their monetary aggressiveness as an inflation prescription.\nThe prospect of a 50 basis point (bps) interest rate hike now rests about 70% after various indicators heavily favored a more dovish 25 bps increase in previous weeks.\n“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes," Quinn Thompson, head of growth and capital markets at blockchain-powered capital markets platform Maple, wrote CoinDesk in an email. "I think it\'s interesting to note that [the Fed] were parading their hikes as having a substantial impact on inflation, and then it became clear that inflation has proved to be more stubborn than had been anticipated. A 50-basis-point rate hike is basically inevitable now."\nThompson added that "barring any breakage in the system, such as a credit event of some sort, it seems increasingly likely that there won’t be any rate cuts until next year."\nEther fared similarly to bitcoin and was also down about 2% to change hands just above $1,530. That level was well off its late February highs over $1,700. Other major cryptos were mostly in the red, with SOL, the token of the Solana, blockchain off more than 9% and APT, the native cryptocurrency of layer 1 blockchain Aptos Labs down over 6%. TheCoinDesk Market Index, a measure of the broader crypto market\'s performance, was down nearly 3%.\nThe Nikkei rose about 0.5% as trading in Asian equity markets opened. U.S. indexes were flat with the tech-heavy Nasdaq and S&P 500, which has a heavy technology component, climbing slightly but the Dow Jones Industrial Average (DJIA) declining a couple of ticks of a percentage point.\nMaple\'s Thompson was wary about the cryptos\' prospects amid the Fed\'s apparent hawkish turn, which has historically sent prices of crypto and other riskier assets tumbling.\n"I suspect that we could again test the lows that were reached last year as a result of hiked rates, but also because of the Fed’s ongoing monetary tightening regime that is draining liquidity out of the markets," he wrote. "A lot of this tightened monetary policy is being priced into the fixed income markets. But risk assets have yet to price in the potential for downside spillover, and this could spell trouble for equities and crypto."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}]\nConic Finance\'s Big Promise, but Will It Deliver?\nAn earlier version of this storyappearedseparately on CoinDesk\'s website.\nA new tool to capture yields from prominent stablecoin swapping service Curve has attracted over $60 million from depositors just over a week after launch.\nConic Finance, which went live on March 1, allows users to deposit tokens into its omnipools, a new product that diversifies exposure across the Curve ecosystem while increasing rewards.\nEach omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, and so is conic (CNC), Conic’s native token.\nConic users can earn up to 21% annualized yields on the three omnipools for dai (DAI), frax (FRAX) and USD coin (USDC). The USDC pool has attracted over $50 million in liquidity alone, as Conic is currently providing one of the highest available yields in the crypto market for USDC. Deposits of frax and dai are considerably lower at $7 million and $5 million, respectively.\nHolders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conic’s Liquidity Allocation Votes (LAV) – which determine the share of an omnipool’s liquidity that a Curve pool can receive.\nIn the coming weeks, Conic’s demand among traders for its yield-generating products could ultimately generate value for its own CNC token.\nAs such, CNC tokens currently trade at $8, losing 4% in the past 24 hours with a market capitalization of $32 million.\nTo be sure, not all DeFit observers are fully embracing Conic\'s approach. Colin Johnson, the CEO and co-founder of tokenized art investment platform Freeport, called Conic "an interesting new avenue to access yield within the Curve ecosystem," yet added warily that "we\'ve seen historically what happens with promised returns of 20% or more (Terra)."\n"They either rapidly fade – which is most likely to happen here – or they build up an amount of stress that the system cannot handle, and we get an implosion," Johnson wrote. "Users should always beware when yield is delivered in a token that represents the very system they’re interacting with. When that token falls out of favor, its price tends to plummet."\nWhy use Conic?\nCurve uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage, according to developer documents. Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform, which locks over $5 billion worth of Ethereum-based tokens on its platform.\nCurve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops.\nThe tokens are time-locked, meaning users are incentivized to lock their CRV for a long time to receive more veCRV and platform rewards. However, this mechanism effectively locks up liquidity, creating opportunity costs for users.\nThis is where protocols like Conic come into play, allowing users to gain exposure to, or provide liquidity to, the Curve ecosystem to get rewarded while not having to lock up their tokens for long time periods by depositing on Curve directly.\nCrypto Expo Dubai 2023\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/Feb)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan Overall Household Spending (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches Three-Week Low After Powell\'s Hawkish Testimony; NEAR Foundation CEO on Web3 Outlook\nBitcoin fell to a three-week low after U.S. Federal Reserve Chair Jerome Powell\'s hawkish testimony to Congress spurred traders to price in a higher "terminal rate." Digital Economy Initiative advisory council member Martha Reyes weighed in. Plus, Near Foundation CEO Marieke Flament discussed her outlook on Web3 and female leadership in the crypto space on International Women\'s Day. Grayscale Investments Chief Legal Officer Craig Salm, MenaPay CEO Çağla Gül Şenkardeş and WomenInDeFi brand strategist Umeh Chinonye also joined the conversation. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).\nJPMorgan Is Cutting Ties With Crypto Exchange Gemini, Source:Coinbase said its banking relationship with JPMorgan remains intact.\nAlpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds:The firms are creating a holding company called Alpha Transform Holdings, Inc.\nCrypto Long & Short: Why Layer 2 Protocols Matter:They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.\nCoinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps:The U.S. crypto exchange says the new service could help companies “to help bring the next hundred million customers into Web3 through a seamless wallet-onboarding experience.”\nGitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed:A programmer by training, Kevin Owocki\'s view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.', 'Join the most important conversation in crypto and web3! Secure your seat today U.S. authorities transferred $1 billion worth of bitcoin ( BTC ) recovered from a dark web hack to new wallet addresses, including one owned by Coinbase, on Wednesday, stoking investor fears that intense sell pressures could drive down the token\'s price. Authorities moved the bitcoin in three transactions, according to data from blockchain security firm PeckShield. Nearly 10,000 bitcoin were sent to Coinbase-controlled wallets, while roughly $41,000 tokens were directed to government-controlled wallets. PeckShield published its findings on Twitter early Wednesday, and investors were quick to notice. In the hours after the report\'s release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns caused bitcoin\'s price to dip roughly 2%, pushing it below $22,000. An open market sale would be a departure from authorities\' past handlings of seized digital assets. The government usually sells seized assets at auction. In 2014 and 2015, the government auctioned off bitcoin seized from the owner of virtual black market platform Silk Road. Although concerns about the tokens\' sale on the open market may be overblown, fears that bitcoin prices could take a hit are not entirely unjustified, said Conor Ryder, a researcher at crypto markets analysis firm Kaiko. "The movement of Silk Road bitcoin to Coinbase is almost definitely being done with the intention to sell [the recovered tokens], so one has to wonder if bitcoin is due for some short-term headwinds," Ryder told CoinDesk. Whether the market will absorb those pressures will likely boil down to the market\'s composition, says Mark Connors, head of research at 3iq, a digital asset manager. In other words, who the token holders are and how many tokens they hold will largely influence the extent to which the market reacts to a potential market-moving event. Story continues The current composition of the bitcoin market may help bitcoin stand up to sell pressures better than it did in the wake of last spring\'s Terra crash , according to Connors. That\'s because the market has less leverage than it did last year. It\'s also because the market today is composed of more investors owning wallets holding more than $1,000 worth of tokens than it was last year, when the market was flooded with a large amount of crypto-curious investors who held much smaller amounts of bitcoin. "There should be a quicker bounce back if there\'s sell pressure, given the larger amount of push [in] the market today compared with the weaker hands and greater leverage [that characterized the market] a year ago." Bitcoin\'s price may still move as the government reveals its plans for the recently transferred bitcoin, however. Many things about the government\'s plans for the tokens remain unknown. It remains unclear if authorities will auction off the bitcoin. It is also unclear if the government will consolidate the assets at some point. Read More: Dark Markets Grow Bigger and Bolder in Year Since Silk Road Bust', 'Join the most important conversation in crypto and web3! Secure your seat today\nU.S. authorities transferred $1 billion worth of bitcoin (BTC) recovered from a dark web hack to new wallet addresses, including one owned by Coinbase, on Wednesday, stoking investor fears that intense sell pressures could drive down the token\'s price.\nAuthorities moved the bitcoin in three transactions, according to data from blockchain security firm PeckShield. Nearly 10,000 bitcoin were sent to Coinbase-controlled wallets, while roughly $41,000 tokens were directed to government-controlled wallets.\nPeckShield published its findingson Twitterearly Wednesday, and investors were quick to notice. In the hours after the report\'s release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns caused bitcoin\'s price to dip roughly 2%, pushing it below $22,000.\nAn open market sale would be a departure from authorities\' past handlings of seized digital assets. The government usually sells seized assets at auction. In 2014 and 2015, the governmentauctioned offbitcoin seized from the owner of virtual black market platform Silk Road.\nAlthough concerns about the tokens\' sale on the open market may be overblown, fears that bitcoin prices could take a hit are not entirely unjustified, said Conor Ryder, a researcher at crypto markets analysis firm Kaiko.\n"The movement of Silk Road bitcoin to Coinbase is almost definitely being done with the intention to sell [the recovered tokens], so one has to wonder if bitcoin is due for some short-term headwinds," Ryder told CoinDesk.\nWhether the market will absorb those pressures will likely boil down to the market\'s composition, says Mark Connors, head of research at 3iq, a digital asset manager. In other words, who the token holders are and how many tokens they hold will largely influence the extent to which the market reacts to a potential market-moving event.\nThe current composition of the bitcoin market may help bitcoin stand up to sell pressures better than it did in the wake of last spring\'sTerra crash, according to Connors. That\'s because the market has less leverage than it did last year. It\'s also because the market today is composed of more investors owning wallets holding more than $1,000 worth of tokens than it was last year, when the market was flooded with a large amount of crypto-curious investors who held much smaller amounts of bitcoin.\n"There should be a quicker bounce back if there\'s sell pressure, given the larger amount of push [in] the market today compared with the weaker hands and greater leverage [that characterized the market] a year ago."\nBitcoin\'s price may still move as the government reveals its plans for the recently transferred bitcoin, however. Many things about the government\'s plans for the tokens remain unknown. It remains unclear if authorities will auction off the bitcoin. It is also unclear if the government will consolidate the assets at some point.\nRead More:Dark Markets Grow Bigger and Bolder in Year Since Silk Road Bust', 'Join the most important conversation in crypto and web3! Secure your seat today\nU.S. authorities transferred $1 billion worth of bitcoin (BTC) recovered from a dark web hack to new wallet addresses, including one owned by Coinbase, on Wednesday, stoking investor fears that intense sell pressures could drive down the token\'s price.\nAuthorities moved the bitcoin in three transactions, according to data from blockchain security firm PeckShield. Nearly 10,000 bitcoin were sent to Coinbase-controlled wallets, while roughly $41,000 tokens were directed to government-controlled wallets.\nPeckShield published its findingson Twitterearly Wednesday, and investors were quick to notice. In the hours after the report\'s release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low of roughly $15,500 in November. The concerns caused bitcoin\'s price to dip roughly 2%, pushing it below $22,000.\nAn open market sale would be a departure from authorities\' past handlings of seized digital assets. The government usually sells seized assets at auction. In 2014 and 2015, the governmentauctioned offbitcoin seized from the owner of virtual black market platform Silk Road.\nAlthough concerns about the tokens\' sale on the open market may be overblown, fears that bitcoin prices could take a hit are not entirely unjustified, said Conor Ryder, a researcher at crypto markets analysis firm Kaiko.\n"The movement of Silk Road bitcoin to Coinbase is almost definitely being done with the intention to sell [the recovered tokens], so one has to wonder if bitcoin is due for some short-term headwinds," Ryder told CoinDesk.\nWhether the market will absorb those pressures will likely boil down to the market\'s composition, says Mark Connors, head of research at 3iq, a digital asset manager. In other words, who the token holders are and how many tokens they hold will largely influence the extent to which the market reacts to a potential market-moving event.\nThe current composition of the bitcoin market may help bitcoin stand up to sell pressures better than it did in the wake of last spring\'sTerra crash, according to Connors. That\'s because the market has less leverage than it did last year. It\'s also because the market today is composed of more investors owning wallets holding more than $1,000 worth of tokens than it was last year, when the market was flooded with a large amount of crypto-curious investors who held much smaller amounts of bitcoin.\n"There should be a quicker bounce back if there\'s sell pressure, given the larger amount of push [in] the market today compared with the weaker hands and greater leverage [that characterized the market] a year ago."\nBitcoin\'s price may still move as the government reveals its plans for the recently transferred bitcoin, however. Many things about the government\'s plans for the tokens remain unknown. It remains unclear if authorities will auction off the bitcoin. It is also unclear if the government will consolidate the assets at some point.\nRead More:Dark Markets Grow Bigger and Bolder in Year Since Silk Road Bust', 'Bitcoin fell below the US$22,000 support line in Thursday morning trading in Asia, with\xa0Ether and most other leading cryptocurrencies losing ground after U.S. crypto bank Silvergate said it will voluntarily liquidate . The bank has teetered on the brink of insolvency for weeks, becoming another victim of the FTX exchange collapse last November. Solana led the losers among the top 10 cryptocurrencies by market capitalization and the total industry capitalization fell under US$1 trillion. XRP rose. U.S. equities closed mixed on Wednesday, unnerved by the prospect of interest rates moving higher than expected this year. See related article: Silvergate teeters as regulators circle and crypto firms cut ties Fast facts Bitcoin fell 2.34% in the past 24 hours to US$21,729 as of 09:00 a.m. in Hong Kong, according to CoinMarketCap data , bringing its loss for the last seven days to 8.06%. However, the biggest token by market capitalization is still up more than 30% for the year so far after a strong start to 2023 following the slump last year amid crypto industry bankruptcies and scandal. Ether, the second-largest cryptocurrency, fell 1.99% to US$1,535, bringing its weekly loss to 7.55%. Though, like Bitcoin, it\x92s holding gains for the year so far, up 28%. Solana led the losers, falling 8.86% to US$18.49 to post a seven-day loss of 17.49% XRP continued its upward trend despite the Silvergate Bank woes in the broader market, rising 2.69% to US$0.39. Stuart Alderoty, the chief legal officer of XRP-powered crypto payment network Ripple Labs, tweeted on Wednesday that the court supported some of Ripple\x92s defenses in the lawsuit brought against the company by the U.S. Securities and Exchange Commission. \x93We have always felt confident about our case and with each ruling, even more so,\x94 said Alderoty in the tweet. The token gained 2.50% over the seven-day period. Shiba Inu dipped 0.55% in the past 24 hours, but still managed to unseat Litecoin as the 10th largest non-stablecoin cryptocurrency by market capitalization. The price of the meme token briefly surged on Wednesday, following an announcement that Shibarium \x96 a Shiba Inu layer-2 blockchain for Web3 and gaming \x97 will launch its beta version this week. Silvergate Capital Corp. announced on Wednesday it intended to shut down its operations and liquidate Silvergate Bank , a California-based lender that served the crypto industry, due to the mounting financial losses and regulatory investigations it faces. The total crypto market capitalization dropped 2.26% in the past 24 hours to US$995.70 billion. Total trading volume over the last 24 hours dipped 0.43% to US$44.50 billion. U.S. equities traded mixed on Tuesday. The Dow Jones Industrial Average closed 0.18% lower, the S&P 500 edged up 0.14%, and the Nasdaq Composite Index rose 0.40%. Federal Reserve Chair Jerome Powell told Congress on Wednesday that the central bank has not decided on the size of the interest rate hike expected at the bank\x92s meeting later this month, but will assess the latest economic data on inflation first. Powell said on Tuesday that steeper interest rate hikes might be needed to reduce inflation, sparking a sell off in U.S. equities the same day. U.S. job data released on Wednesday suggests inflation remains entrenched, with private employers adding 242,000 jobs in February 2023, beating the Reuters expectation of 205,000, according to a report by Automatic Data Processing. The Fed has raised U.S. interest rates eight times since March 2022, with the current rate between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 21.4% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 78.6% chance for a raise of 50 basis points, an increase from 69.8% on Wednesday. See related article: Fed\x92s Powell says stablecoins could have role in financial sector if properly regulated', 'Bitcoin fell below the US$22,000 support line in Thursday morning trading in Asia, with\xa0Ether and most other leading cryptocurrencies losing ground afterU.S. crypto bank Silvergate said it will voluntarily liquidate. The bank has teetered on the brink of insolvency for weeks, becoming another victim of the FTX exchange collapse last November. Solana led the losers among the top 10 cryptocurrencies by market capitalization and the total industry capitalization fell under US$1 trillion. XRP rose. U.S. equities closed mixed on Wednesday, unnerved by the prospect of interest rates moving higher than expected this year.\nSee related article:Silvergate teeters as regulators circle and crypto firms cut ties\n• Bitcoin fell 2.34% in the past 24 hours to US$21,729 as of 09:00 a.m. in Hong Kong, according toCoinMarketCap data, bringing its loss for the last seven days to 8.06%. However, the biggest token by market capitalization is still up more than 30% for the year so far after a strong start to 2023 following the slump last yearamid crypto industry bankruptcies and scandal.\n• Ether, the second-largest cryptocurrency, fell 1.99% to US$1,535, bringing its weekly loss to 7.55%. Though, like Bitcoin, it’s holding gains for the year so far, up 28%.\n• Solana led the losers, falling 8.86% to US$18.49 to post a seven-day loss of 17.49%\n• XRP continued its upward trend despite the Silvergate Bank woes in the broader market, rising 2.69% to US$0.39. Stuart Alderoty, the chief legal officer of XRP-powered crypto payment network Ripple Labs,tweetedon Wednesday that the court supported some of Ripple’s defenses in the lawsuit brought against the company by the U.S. Securities and Exchange Commission. “We have always felt confident about our case and with each ruling, even more so,” said Alderoty in the tweet. The token gained 2.50% over the seven-day period.\n• Shiba Inu dipped 0.55% in the past 24 hours, but still managed to unseat Litecoin as the 10th largest non-stablecoin cryptocurrency by market capitalization. The price of the meme token briefly surged on Wednesday, following anannouncementthatShibarium– a Shiba Inu layer-2 blockchain for Web3 and gaming — will launch its beta version this week.\n• Silvergate Capital Corp.announcedon Wednesday it intended to shut down its operations and liquidateSilvergate Bank, a California-based lender that served the crypto industry, due to the mountingfinanciallosses andregulatoryinvestigations it faces.\n• The total crypto market capitalization dropped 2.26% in the past 24 hours to US$995.70 billion. Total trading volume over the last 24 hours dipped 0.43% to US$44.50 billion.\n• U.S. equities traded mixed on Tuesday. The Dow Jones Industrial Average closed 0.18% lower, the S&P 500 edged up 0.14%, and the Nasdaq Composite Index rose 0.40%.\n• Federal Reserve Chair Jerome PowelltoldCongress on Wednesday that the central bank has not decided on the size of the interest rate hike expected at the bank’s meeting later this month, but will assess the latest economic data on inflation first. Powellsaidon Tuesday that steeper interest rate hikes might be needed to reduce inflation, sparking a sell off in U.S. equities the same day.\n• U.S. job data released on Wednesday suggests inflation remains entrenched, with private employers adding 242,000 jobs in February 2023, beating theReutersexpectation of 205,000, according to areportby Automatic Data Processing.\n• The Fed has raised U.S. interest rates eight times since March 2022, with the current rate between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 21.4% chance that the Fed will raise rates by another 25 basis points this month. They also predict a 78.6% chance for a raise of 50 basis points, an increase from 69.8% on Wednesday.\nSee related article:Fed’s Powell says stablecoins could have role in financial sector if properly regulated', 'Bitcoin fell below the US$22,000 support line in Thursday morning trading in Asia, with\xa0Ether and most other leading cryptocurrencies losing ground afterU.S. crypto bank Silvergate said it will voluntarily liquidate. The bank has teetered on the brink of insolvency for weeks, becoming another victim of the FTX exchange collapse last November. Solana led the losers among the top 10 cryptocurrencies by market capitalization and the total industry capitalization fell under US$1 trillion. XRP rose. U.S. equities closed mixed on Wednesday, unnerved by the prospect of interest rates moving higher than expected this year.\nSee related article:Silvergate teeters as regulators circle and crypto firms cut ties\n• Bitcoin fell 2.34% in the past 24 hours to US$21,729 as of 09:00 a.m. in Hong Kong, according toCoinMarketCap data, bringing its loss for the last seven days to 8.06%. However, the biggest token by market capitalization is still up more than 30% for the year so far after a strong start to 2023 following the slump last yearamid crypto industry bankruptcies and scandal.\n• Ether, the second-largest cryptocurrency, fell 1.99% to US$1,535, bringing its weekly loss to 7.55%. Though, like Bitcoin, it’s holding gains for the year so far, up 28%.\n• Solana led the losers, falling 8.86% to US$18.49 to post a seven-day loss of 17.49%\n• XRP continued its upward trend despite the Silvergate Bank woes in the broader market, rising 2.69% to US$0.39. Stuart Alderoty, the chief legal officer of XRP-powered crypto payment network Ripple Labs,tweetedon Wednesday that the court supported some of Ripple’s defenses in the lawsuit brought against the company by the U.S. Securities and Exchange Commission. “We have always felt confident about our case and with each ruling, even more so,” said Alderoty in the tweet. The token gained 2.50% over the seven-day period.\n• Shiba Inu dipped 0.55% in the past 24 hours, but still managed to unseat Litecoin as the 10th largest non-stablecoin cryptocurrency by market capitalization. The price of the meme token briefly surged on Wednesday, following anannouncementthatShibarium– a Shiba Inu layer-2 blockchain for Web3 and gaming — will launch its beta version this week.\n• Silvergate Capital Corp.announcedon Wednesday it intended to shut down its operations and liquidateSilvergate Bank, a California-based lender that served the crypto industry, due to the mountingfinanciallosses andregulatoryinvestigations it faces.\n• The total crypto market capitalization dropped 2.26% in the past 24 hours to US$995.70 billion. Total trading volume over the last 24 hours dipped 0.43% to US$44.50 billion.\n• U.S. equities traded mixed on Tuesday. The Dow Jones Industrial Average closed 0.18% lower, the S&P 500 edged up 0.14%, and the Nasdaq Composite Index rose 0.40%.\n• Federal Reserve Chair Jerome PowelltoldCongress on Wednesday that the central bank has not decided on the size of the interest rate hike expected at the bank’s meeting later this month, but will assess the latest economic data on inflation first. Powellsaidon Tuesday that steeper interest rate hikes might be needed to reduce inflation, sparking a sell off in U.S. equities the same day.\n• U.S. job data released on Wednesday suggests inflation remains entrenched, with private employers adding 242,000 jobs in February 2023, beating theReutersexpectation of 205,000, according to areportby Automatic Data Processing.\n• The Fed h
**Last 60 Days of Bitcoin's Closing Prices:**
[17091.14, 17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-09
**Financial & Commodity Data:**
- Gold Closing Price: $1829.30
- Crude Oil Closing Price: $75.72
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $419,059,903,219
- Hash Rate: 288929457.4687504
- Transaction Count: 336854.0
- Unique Addresses: 700965.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.44
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Gains in the crypto market have probably been driven by a reversion to the mean, Bernstein said in a research report Monday, noting that bitcoin ( BTC ), the largest cryptocurrency by market capitalization, fell more than 65% last year. Mean reversion is a theory used in finance that suggests asset prices tend to revert to their long-term mean or average level. According to Bernstein, the mean reversion of crypto still has room to run, and so the broker advises caution about being bearish at current levels. Bitcoin in its entire history has never had two consecutive years of negative returns, it added. Although the implosion of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis has been negative, “the potential overhang on the liquid crypto markets has receded,” the report said. Much of the expected selling pressure has been in illiquid private crypto assets, it said. The risk of an immediate sell-off in the Grayscale Bitcoin Trust (GBTC) has also receded as creditors and Digital Currency Group, which owns Grayscale, Genesis and CoinDesk, negotiate a settlement, and with all the relevant situations now under court settlement, the “public crypto markets seem to have felt some relief from any forced selling narratives.” It is unlikely, however that this is the start of a sustained rally, because this is more “capital internal to crypto (sidelined stablecoins) being deployed,” analysts Gautam Chhugani and Manas Agrawal wrote. “We have not yet seen any new capital allocations to sustain this rally.” Regulatory news from Hong Kong , which is looking to allow crypto trading licenses for some assets, has also contributed to positive sentiment in the crypto market, the note added. Read more: First Mover Asia: Bitcoin Surges Past $23K Before Retreating...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['A rug pull is a scam where a cryptocurrency orNFTdeveloper hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling.\nRug pulls have increased asdecentralized finance(DeFi) attracts more investors to the crypto space. In the first six weeks of 2023, there were at least 11 rug pulls, resulting in the theft of a combined total of more than $14 million, according toComparitech’s crypto scam database.\nWe’ll cover the types of rug pulls, real-life examples and how to avoid falling for one yourself.\nRug pulls can be considered either hard or soft. A hard rug pull is when a developer has no intention of ever completing a project and intends to scam investors from the start, such as “hardwiring” a project’s code to leave an avenue open for theft. In contrast, a soft rug pull typically doesn’t have code-level fraud. Instead, soft pulls tend to rely on marketing hype to falsely inflate a project’s value, and then the project’s founders shut it down and run away with the money. Regardless, the result of either type is investor losses.\nRug pulls generally fall into the following categories:\nThis type of soft rug pull is similar topenny stock pump-and-dump schemes. The developers of a project hype it up to draw investors and encourage trading activity, using marketing tools such as social media, sweepstakes and other incentives as well as private servers such as Discord to make a community around the project. After inflating a coin or NFT’s value, the developers rapidly sell off their own supply, tanking the token’s value. Investors are then stuck with mostly worthless assets. Dumping schemes can span hours or years depending on the developers, and can sometimes look like normal market volatility rather than deliberate scams.\nProjects hosted on a DeFi trading platform typically require a pool of crypto tokens for trades and loans. These tokens are ostensibly secured withsmart contracts, but developers can build loopholes into the contracts allowing them to steal the pool of tokens from their investors. This is considered a hard rug pull, as the developers created the project with malicious intent baked in.\nAnother example of a hard rug pull, this scheme relies on a project’s developer including restrictions on selling in their tokens’ code. While investors can keep buying, they can’t sell unless a developer allows it. Scammers then dump their tokens when they want, leaving investors in the lurch and stuck with eventually worthless assets.\nThe short answer: It depends. Crypto fraud regulation is not yet consistent nationally or internationally. In the U.S., for instance, regulation has been spotty, as it’s not yet clear what the SEC considers under its purview. For instance, the SEC doesn’t consider Bitcoin a security, yet it filed a lawsuit against Ripple Labs for selling its XRP digital token. Ripple is fighting the charge, arguing that crypto tokens should not be treated as a security.\nIf you’re confused, you’re not alone — ironing out what counts as an investment contract (a security) or not is tricky in the crypto space. However, theSEC does have a guiding principlefor defining what’s a security. It’s called the Howey Test, and states that “an ‘investment contract’ exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.” Some pundits believe that blockchain projects, including initial coin offerings (ICOs), should be treated as securities, while the tokens themselves, such as bitcoins and ether, should not.\nWhile hard rug pulls are typically illegal, since it’s usually clear the developer has stolen investor funds with no intention of completing the project, soft rug pulls may not be technically illegal, though highly unethical. Because a soft rug pull can take years to occur, it can seem as if the developers are still actively working on the project, and they may be.\nHowever, some states are stepping up efforts to combat crypto fraud, even for scammers playing the long game. New York state, for instance, has proposed a bill that would penalize developers who own more than 10 percent of their virtual token supply and sell more than 10 percent of the total supply within a five-year period from the last sale of the tokens.\nCrypto scams are big business, with an estimated$25 billion lost to cryptocurrency and NFT scams so far, and no signs of slowing. And with over $2.8 billion lost to rug pulls in 2021 and more than 280 rug pulls executed in 2022 alone, there’s no shortage of examples to pull from.\nHere are a few rug pulls that stood out in recent years.\nFaruk Fatih Ozer, the founder of Thodex, formerly one of Turkey’s largest crypto exchanges, fled to Albania in 2021 after allegedly defrauding his platform users of $2.7 billion in funds. Before fleeing Turkey, Ozer’s company offered new registrants millions of freedogecoins, which many users say they never received.\nIn 2022 Ozer made the news again when he was arrested in Albania and extradited to Turkey. Turkey’s government has stated they’re seeking a 40,000-year-plus sentence against Thodex’s founders and co-conspirators.\nIn a prime example of a liquidity pooling scheme, AnubisDAO’s anonymous developers defrauded investors of about $60 million. The developers, who had no website or white paper, proposed a decentralized currency backed by a basket of assets. After receiving an outpouring of investor support, the developers drained the AnubisDAO liquidity pool 20 hours into the sale.\nIn the fall of 2021, an anonymous developer known asEvil Ape disappeared after taking $2.7 million of investor funds. Investors had fallen for a bogus NFT project called Evolved Apes, a collection of 10,000 cartoon apes that was supposed to include a fighting game. While the game was never developed, the NFTs exist and can still be found on OpenSea, an NFT marketplace.\nEthan Nguyen and Andre Llacuna made the news in 2022 when they were charged with conspiring to commit wire fraud and money laundering in one of the first rug pull crackdowns in the U.S. The duo had created an NFT project called Frosties, which they advertised as coming with rewards, giveaways and exclusive opportunities. Hours after selling around $1.1 million of Frosties, Nguyen and Llacuna shut down the project and absconded with investor funds.\nMost rug pulls come from new projects that might seem like exciting investments. With widespread fraud in the crypto world, extra scrutiny is called for before you invest your money.\nWhile not foolproof, these tips can help you sidestep a scam.\nA healthy dose of skepticism is useful when sorting through crypto hype. Not every new cryptocurrency or NFT will be the next big thing. In fact, most of them will not, as demonstrated by money pooled in the most popular cryptocurrencies. Bitcoin and Ethereum still dominate the market, with the third largest coin not even half of Ethereum’s market cap.\nAs many crypto experts say, don’t invest money you can’t afford to lose.\nOne of the tried-and-true ways scammers push sales is through creating a sense of urgency or scarcity. In other words, fear of missing out, or FOMO. If you feel like this is an opportunity you absolutely cannot pass up and that you have to invest immediately – before having time to research – take a time out. It’s probably wise to take a step back and assess what’s creating the feeling. Is there a legitimate time crunch or is it a manufactured feeding frenzy?\nUnlike some other industries, crypto doesn’t have a built-incooling-off period, meaning you can’t cancel or back out of a funds transfer, in most cases. Taking your time may mean missing out on an opportunity now and again, but it may save you even more.\nThe crypto world is full of anonymity and aliases, which is part of the reason fraud is so common in the space. However, you should still gather as much information about the project as you can. This could include the developers’ backgrounds, including past projects and experience. For those with coding and blockchain experience, look into the project specs. And if the project has a white paper, you’ll want to give it a read.\nIf the investment opportunity comes with disclosures, be sure to read them. The SEC has fined crypto companies for not providing necessary information to investors and potential investors. The regulator has stated that if crypto companies offer investment contracts (i.e., securities) in exchange for tokens, they must register and comply with SEC regulations.\n“We are not concerned with the labels put on offerings, but on their economic realities,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “And part of that reality is that crypto assets are not exempt from the federal securities laws.”\nIf a digital asset offering doesn’t have a disclosure, butseems to fit the description of a security, beware.\nBefore investing, make sure you do your due diligence. While you’re not guaranteed to catch every scam, you’ll have a much better shot at avoiding bad deals if you take your time and research thoroughly. If you’re putting your hard-earned money into a risky crypto project, it’s vital to understand what you’re buying and why you think it will go up in price.', 'Namthip Muanthongthae/Getty Images A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom \x93to pull the rug out\x94 from under someone, leaving the victim off-balance and scrambling. Rug pulls have increased as decentralized finance (DeFi) attracts more investors to the crypto space. In the first six weeks of 2023, there were at least 11 rug pulls, resulting in the theft of a combined total of more than $14 million, according to Comparitech\x92s crypto scam database . We\x92ll cover the types of rug pulls, real-life examples and how to avoid falling for one yourself. Types of rug pulls Rug pulls can be considered either hard or soft. A hard rug pull is when a developer has no intention of ever completing a project and intends to scam investors from the start, such as \x93hardwiring\x94 a project\x92s code to leave an avenue open for theft. In contrast, a soft rug pull typically doesn\x92t have code-level fraud. Instead, soft pulls tend to rely on marketing hype to falsely inflate a project\x92s value, and then the project\x92s founders shut it down and run away with the money. Regardless, the result of either type is investor losses. Rug pulls generally fall into the following categories: Dumping This type of soft rug pull is similar to penny stock pump-and-dump schemes . The developers of a project hype it up to draw investors and encourage trading activity, using marketing tools such as social media, sweepstakes and other incentives as well as private servers such as Discord to make a community around the project. After inflating a coin or NFT\x92s value, the developers rapidly sell off their own supply, tanking the token\x92s value. Investors are then stuck with mostly worthless assets. Dumping schemes can span hours or years depending on the developers, and can sometimes look like normal market volatility rather than deliberate scams. Liquidity stealing Projects hosted on a DeFi trading platform typically require a pool of crypto tokens for trades and loans. These tokens are ostensibly secured with smart contracts , but developers can build loopholes into the contracts allowing them to steal the pool of tokens from their investors. This is considered a hard rug pull, as the developers created the project with malicious intent baked in. Limiting sell orders Another example of a hard rug pull, this scheme relies on a project\x92s developer including restrictions on selling in their tokens\x92 code. While investors can keep buying, they can\x92t sell unless a developer allows it. Scammers then dump their tokens when they want, leaving investors in the lurch and stuck with eventually worthless assets. Story continues Are rug pulls illegal? The short answer: It depends. Crypto fraud regulation is not yet consistent nationally or internationally. In the U.S., for instance, regulation has been spotty, as it\x92s not yet clear what the SEC considers under its purview. For instance, the SEC doesn\x92t consider Bitcoin a security, yet it filed a lawsuit against Ripple Labs for selling its XRP digital token. Ripple is fighting the charge, arguing that crypto tokens should not be treated as a security. If you\x92re confused, you\x92re not alone \x97 ironing out what counts as an investment contract (a security) or not is tricky in the crypto space. However, the SEC does have a guiding principle for defining what\x92s a security. It\x92s called the Howey Test, and states that \x93an \x91investment contract\x92 exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.\x94 Some pundits believe that blockchain projects, including initial coin offerings (ICOs), should be treated as securities, while the tokens themselves, such as bitcoins and ether, should not. While hard rug pulls are typically illegal, since it\x92s usually clear the developer has stolen investor funds with no intention of completing the project, soft rug pulls may not be technically illegal, though highly unethical. Because a soft rug pull can take years to occur, it can seem as if the developers are still actively working on the project, and they may be. However, some states are stepping up efforts to combat crypto fraud, even for scammers playing the long game. New York state, for instance, has proposed a bill that would penalize developers who own more than 10 percent of their virtual token supply and sell more than 10 percent of the total supply within a five-year period from the last sale of the tokens. Famous examples of crypto rug pulls Crypto scams are big business, with an estimated $25 billion lost to cryptocurrency and NFT scams so far , and no signs of slowing. And with over $2.8 billion lost to rug pulls in 2021 and more than 280 rug pulls executed in 2022 alone, there\x92s no shortage of examples to pull from. Here are a few rug pulls that stood out in recent years. Thodex Faruk Fatih Ozer, the founder of Thodex, formerly one of Turkey\x92s largest crypto exchanges, fled to Albania in 2021 after allegedly defrauding his platform users of $2.7 billion in funds. Before fleeing Turkey, Ozer\x92s company offered new registrants millions of free dogecoins , which many users say they never received. In 2022 Ozer made the news again when he was arrested in Albania and extradited to Turkey. Turkey\x92s government has stated they\x92re seeking a 40,000-year-plus sentence against Thodex\x92s founders and co-conspirators. AnubisDAO In a prime example of a liquidity pooling scheme, AnubisDAO\x92s anonymous developers defrauded investors of about $60 million. The developers, who had no website or white paper, proposed a decentralized currency backed by a basket of assets. After receiving an outpouring of investor support, the developers drained the AnubisDAO liquidity pool 20 hours into the sale. Evolved Apes In the fall of 2021, an anonymous developer known as Evil Ape disappeared after taking $2.7 million of investor funds . Investors had fallen for a bogus NFT project called Evolved Apes, a collection of 10,000 cartoon apes that was supposed to include a fighting game. While the game was never developed, the NFTs exist and can still be found on OpenSea, an NFT marketplace. Frosties NFT Ethan Nguyen and Andre Llacuna made the news in 2022 when they were charged with conspiring to commit wire fraud and money laundering in one of the first rug pull crackdowns in the U.S. The duo had created an NFT project called Frosties, which they advertised as coming with rewards, giveaways and exclusive opportunities. Hours after selling around $1.1 million of Frosties, Nguyen and Llacuna shut down the project and absconded with investor funds. How to avoid a rug pull Most rug pulls come from new projects that might seem like exciting investments. With widespread fraud in the crypto world, extra scrutiny is called for before you invest your money. While not foolproof, these tips can help you sidestep a scam. Be skeptical A healthy dose of skepticism is useful when sorting through crypto hype. Not every new cryptocurrency or NFT will be the next big thing. In fact, most of them will not, as demonstrated by money pooled in the most popular cryptocurrencies. Bitcoin and Ethereum still dominate the market, with the third largest coin not even half of Ethereum\x92s market cap. As many crypto experts say, don\x92t invest money you can\x92t afford to lose. Be patient One of the tried-and-true ways scammers push sales is through creating a sense of urgency or scarcity. In other words, fear of missing out, or FOMO. If you feel like this is an opportunity you absolutely cannot pass up and that you have to invest immediately \x96 before having time to research \x96 take a time out. It\x92s probably wise to take a step back and assess what\x92s creating the feeling. Is there a legitimate time crunch or is it a manufactured feeding frenzy? Unlike some other industries, crypto doesn\x92t have a built-in cooling-off period , meaning you can\x92t cancel or back out of a funds transfer, in most cases. Taking your time may mean missing out on an opportunity now and again, but it may save you even more. Research The crypto world is full of anonymity and aliases, which is part of the reason fraud is so common in the space. However, you should still gather as much information about the project as you can. This could include the developers\x92 backgrounds, including past projects and experience. For those with coding and blockchain experience, look into the project specs. And if the project has a white paper, you\x92ll want to give it a read. Read disclosures If the investment opportunity comes with disclosures, be sure to read them. The SEC has fined crypto companies for not providing necessary information to investors and potential investors. The regulator has stated that if crypto companies offer investment contracts (i.e., securities) in exchange for tokens, they must register and comply with SEC regulations. \x93We are not concerned with the labels put on offerings, but on their economic realities,\x94 said Gurbir S. Grewal, Director of the SEC\x92s Division of Enforcement. \x93And part of that reality is that crypto assets are not exempt from the federal securities laws.\x94 If a digital asset offering doesn\x92t have a disclosure, but seems to fit the description of a security , beware. Bottom line Before investing, make sure you do your due diligence. While you\x92re not guaranteed to catch every scam, you\x92ll have a much better shot at avoiding bad deals if you take your time and research thoroughly. If you\x92re putting your hard-earned money into a risky crypto project, it\x92s vital to understand what you\x92re buying and why you think it will go up in price. View comments', 'Join the most important conversation in crypto and web3! Secure your seat today The price of bitcoin (BTC) has fallen below the $20,000 level for the first time since mid-January because a wave of bearish news has overwhelmed crypto\'s strong 2023 uptrend. The largest cryptocurrency by market capitalization quickly regained some of its lost ground late Thursday (ET) and was recently hovering at about $20,040, down 7.7% over the past 24 hours. After reaching a record high of over $69,000 in November 2021, bitcoin tumbled late that year and all through 2022 to begin 2023 at around $16,600. A powerful rally into mid-February had bitcoin ahead more than 50% for the year at one point to $25,000. Events since have given ample reasons for sellers to emerge. Among them was a stronger-than-expected inflation report that called into question the U.S. Federal Reserve\'s early 2023 assertion that a disinflation trend had begun. The central bank itself has acknowledged as much, with Chair Jerome Powell earlier this week telling Congress the Fed has far more work to do to bring inflation back to its 2% target. In addition to interest rate fears, there was the collapse of crypto-friendly lender Silvergate Bank on Wednesday evening. Also on Wednesday, the U.S. Department of Justice moved 49,000 bitcoin seized from darknet marketplace Silk Road to new addresses, suggesting the government may have interest in soon selling that sizable stash. "Silvergate is one of several factors in bitcoin\x92s underside test," Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in an email to CoinDesk. "In addition to Silvergate, there is market concern of greater interest rate hikes by the [Federal Open Market Committee] and softening stock market prices. The [Securities and Exchange Commission] also shows increasing scrutiny of crypto. Taken together, the market has continued to tighten and retest support levels." DiPasquale added: "As we have stated since January, we believe it will test its support under $20K before moving up again. We see $18K as the next major level of support." James Rubin contributed reporting to this story. UPDATE (March 9, 2023, 1:10 UTC): Adds most recent bitcoin pricing. View comments', 'Join the most important conversation in crypto and web3! Secure your seat today\nThe price of bitcoin (BTC) has fallen below the $20,000 level for the first time since mid-January because a wave of bearish news has overwhelmed crypto\'s strong 2023 uptrend.\nThe largest cryptocurrency by market capitalization quickly regained some of its lost ground late Thursday (ET) and was recently hovering at about $20,040, down 7.7% over the past 24 hours.\nAfter reaching a record high of over $69,000 in November 2021, bitcoin tumbled late that year and all through 2022 to begin 2023 at around $16,600. A powerful rally into mid-February had bitcoin ahead more than 50% for the year at one point to $25,000.\nEvents since have given ample reasons for sellers to emerge. Among them was a stronger-than-expected inflation report that called into question the U.S. Federal Reserve\'s early 2023 assertion that a disinflation trend had begun. The central bank itself has acknowledged as much, with Chair Jerome Powellearlier this weektelling Congress the Fed has far more work to do to bring inflation back to its 2% target.\nIn addition to interest rate fears, there wasthe collapse ofcrypto-friendly lender Silvergate Bank on Wednesday evening. Also on Wednesday, the U.S. Department of Justicemoved 49,000 bitcoinseized from darknet marketplace Silk Road to new addresses, suggesting the government may have interest in soon selling that sizable stash.\n"Silvergate is one of several factors in bitcoin’s underside test," Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in an email to CoinDesk. "In addition to Silvergate, there is market concern of greater interest rate hikes by the [Federal Open Market Committee] and softening stock market prices. The [Securities and Exchange Commission] also shows increasing scrutiny of crypto. Taken together, the market has continued to tighten and retest support levels."\nDiPasquale added: "As we have stated since January, we believe it will test its support under $20K before moving up again. We see $18K as the next major level of support."\nJames Rubin contributed reporting to this story.\nUPDATE (March 9, 2023, 1:10 UTC):Adds most recent bitcoin pricing.', 'Join the most important conversation in crypto and web3! Secure your seat today\nThe price of bitcoin (BTC) has fallen below the $20,000 level for the first time since mid-January because a wave of bearish news has overwhelmed crypto\'s strong 2023 uptrend.\nThe largest cryptocurrency by market capitalization quickly regained some of its lost ground late Thursday (ET) and was recently hovering at about $20,040, down 7.7% over the past 24 hours.\nAfter reaching a record high of over $69,000 in November 2021, bitcoin tumbled late that year and all through 2022 to begin 2023 at around $16,600. A powerful rally into mid-February had bitcoin ahead more than 50% for the year at one point to $25,000.\nEvents since have given ample reasons for sellers to emerge. Among them was a stronger-than-expected inflation report that called into question the U.S. Federal Reserve\'s early 2023 assertion that a disinflation trend had begun. The central bank itself has acknowledged as much, with Chair Jerome Powellearlier this weektelling Congress the Fed has far more work to do to bring inflation back to its 2% target.\nIn addition to interest rate fears, there wasthe collapse ofcrypto-friendly lender Silvergate Bank on Wednesday evening. Also on Wednesday, the U.S. Department of Justicemoved 49,000 bitcoinseized from darknet marketplace Silk Road to new addresses, suggesting the government may have interest in soon selling that sizable stash.\n"Silvergate is one of several factors in bitcoin’s underside test," Joe DiPasquale, CEO of crypto fund manager BitBull Capital, wrote in an email to CoinDesk. "In addition to Silvergate, there is market concern of greater interest rate hikes by the [Federal Open Market Committee] and softening stock market prices. The [Securities and Exchange Commission] also shows increasing scrutiny of crypto. Taken together, the market has continued to tighten and retest support levels."\nDiPasquale added: "As we have stated since January, we believe it will test its support under $20K before moving up again. We see $18K as the next major level of support."\nJames Rubin contributed reporting to this story.\nUPDATE (March 9, 2023, 1:10 UTC):Adds most recent bitcoin pricing.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin\'s fall below below $20K took the largest crypto by market cap to mid January levels.\nInsights:Silvergate Bank\'s implosion and other events have shaken crypto markets, but investors of futures contracts still seem largely optimistic.\nCoinDesk Market Index (CMI)\n950\n−64.7▼6.4%\nBitcoin (BTC)\n$20,067\n−1669.2▼7.7%\nEthereum (ETH)\n$1,428\n−113.0▼7.3%\nS&P 500\n3,918.32\n−73.7▼1.8%\nGold\n$1,837\n+7.2▲0.4%\nNikkei 225\n28,623.15\n+179.0▲0.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Return to January Days\nBitcoin returned to January levels on Thursday, plunging below $20,000.\nThe largest cryptocurrency by market capitalization was recently trading at $20,067, down 7.7% over the past 24 hours as nervous investors stewed over ongoing inflationary pressure, fallout from the implosion of crypto-friendly Silvergate Bank and, most recently, a New York state lawsuit thatallegesether and other cryptos are securities. BTC has now erased about half its gains from a vibrant first six weeks of the year when hopeful investors sent the crypto up about 40% and past $25,000 in mid-February.\n"There\'s a lot of people that are scared that maybe the domino effect is just starting," Eddy Gifford, a wealth adviser for investment adviser Tactive. "There\'s FTX, now Silvergate, who\'s next? We also had news out of the Fed where [Federal Reserve Chair Jerome] Powell was very hawkish on raising interest rates likely higher than anyone wanted to even expect – and potentially keeping those rates higher for longer. In those situations, risk assets in general tend to decline, because valuations are a function of the ability to meet estimates and interest rate environment."\nHe added: "So if the interest rate environment remains elevated for longer, that\'s going to push prices down."\nEther roughly matched bitcoin\'s plunge to change hands at about $1,430, its lowest level since mid-January. Other major cryptocurrencies were firmly in the red with CRO, the token of exchangeCrypto.com, off 7.6% and popular meme coins DOGE and SHIB both dropping more than 8%. TheCoinDesk Market Index, a measure of the broader crypto market\'s performance, was down 7.5%.\nThe sour mood in crypto markets alsomanifesteditself in crypto traders\' some $307 million in liquidations over the past 24 hours, according to Coinglass data. Bitcoin (BTC) traders suffered the heaviest losses, some $112 million, while ether (ETH) liquidations surpassed $73 million. Of the liquidated trading positions, some $282 million were longs, betting on higher prices.\nMeanwhile, equity markets stumbled amid a massive sell-off of bank stocks that sent JPMorgan Chase and Bank of America down more than 5% and 6%, respectively. The tech-focused Nasdaq tumbled 2.1%, while the S&P 500 and Dow Jones Industrial Average (DJIA) fell 1.8% and 1.7%, respectively. The downturn came even as jobless claims ticked up slightly, a mildly encouraging sign given the tight job market that has pressured prices upward.\nTactive\'s Gifford said that if bitcoin breaks with $20,000, "we could get to $15,000 pretty fast," and if we break through $15,000 we go to $10,000 fast. But he noted bitcoin\'s staying power and halving next year. "That typically has been a spark for bull markets in bitcoin," he said.\nHe added: "We\'ll see a few more companies fall, but that\'s just going to make the ones that are left on the back end that much stronger. And I think that builds a case for we start actually seeing some more widespread adoption of digital assets in general."\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22129.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22128.7%", "DACS Sector": "Currency"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22128.3%", "DACS Sector": "Currency"}]\nFutures Contract Holders Remain Unbowed\nThe average funding rate for perpetual futures contracts in both bitcoin and ether remains positive, despite recent concerns of turmoil in markets. Funding rates are set by exchanges and regulate the price of futures contracts relative to the market value of the asset.\nPositive funding rates indicate bullish sentiment, as holders of long positions are paying shorts. The opposite is the case when funding rates are negative.\nFunding rates for BTC have been positive since Feb. 13, with the exception of a negative dip on March 5.\n3:00 p.m. HKT/SGT(7:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/Feb)\n9:30 p.m. HKT/SGT(13:30 UTC)United States Nonfarm Payrolls (Feb)\n9:30 p.m. HKT/SGT(13:30 UTC)Canada Net Change in Employment (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto-Friendly Silvergate Bank to Wind Down Operations; Bitcoin Touches Lowest Level in Nearly a Month\nCrypto-friendly Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital Corp., said Wednesday. Bianco Research, LLC President and macro strategist Jim Bianco and Opimas, LLC CEO and founder Octavio Marenzi weighed in on the latest developments. Plus, "Crypto Critics\' Corner" co-host Bennett Tomlin discussed the recent Wall Street Journal report that the company behind the world\'s largest stablecoin accessed bank accounts by way of falsified documents and intermediaries.\nNew York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit:A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."\nStarbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop:Members of Starbucks Odyssey, the rewards program currently in beta, were able to purchase up to two “Stamps” from an edition of 2,000 featuring the brand’s iconic siren, but the launch was not without issues.\nVitalik Buterin Dumps Altcoins Worth 220 ETH That Have \'No Moral Value\':The Ethereum co-founder said investors would lose "most of the money" they put into the coins.\nTHNDR Games Launches Play-to-Earn Bitcoin Blocks Puzzle Game:The Bitcoin gaming company’s latest product will allow players to test their problem solving skills against others to win bitcoin.\nSWIFT to Conduct More Tests With CBDC Project:The banking network is seeking to build a system that will connect the digital currencies of different countries.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin\'s fall below below $20K took the largest crypto by market cap to mid January levels.\nInsights:Silvergate Bank\'s implosion and other events have shaken crypto markets, but investors of futures contracts still seem largely optimistic.\nCoinDesk Market Index (CMI)\n950\n−64.7▼6.4%\nBitcoin (BTC)\n$20,067\n−1669.2▼7.7%\nEthereum (ETH)\n$1,428\n−113.0▼7.3%\nS&P 500\n3,918.32\n−73.7▼1.8%\nGold\n$1,837\n+7.2▲0.4%\nNikkei 225\n28,623.15\n+179.0▲0.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Return to January Days\nBitcoin returned to January levels on Thursday, plunging below $20,000.\nThe largest cryptocurrency by market capitalization was recently trading at $20,067, down 7.7% over the past 24 hours as nervous investors stewed over ongoing inflationary pressure, fallout from the implosion of crypto-friendly Silvergate Bank and, most recently, a New York state lawsuit thatallegesether and other cryptos are securities. BTC has now erased about half its gains from a vibrant first six weeks of the year when hopeful investors sent the crypto up about 40% and past $25,000 in mid-February.\n"There\'s a lot of people that are scared that maybe the domino effect is just starting," Eddy Gifford, a wealth adviser for investment adviser Tactive. "There\'s FTX, now Silvergate, who\'s next? We also had news out of the Fed where [Federal Reserve Chair Jerome] Powell was very hawkish on raising interest rates likely higher than anyone wanted to even expect – and potentially keeping those rates higher for longer. In those situations, risk assets in general tend to decline, because valuations are a function of the ability to meet estimates and interest rate environment."\nHe added: "So if the interest rate environment remains elevated for longer, that\'s going to push prices down."\nEther roughly matched bitcoin\'s plunge to change hands at about $1,430, its lowest level since mid-January. Other major cryptocurrencies were firmly in the red with CRO, the token of exchangeCrypto.com, off 7.6% and popular meme coins DOGE and SHIB both dropping more than 8%. TheCoinDesk Market Index, a measure of the broader crypto market\'s performance, was down 7.5%.\nThe sour mood in crypto markets alsomanifesteditself in crypto traders\' some $307 million in liquidations over the past 24 hours, according to Coinglass data. Bitcoin (BTC) traders suffered the heaviest losses, some $112 million, while ether (ETH) liquidations surpassed $73 million. Of the liquidated trading positions, some $282 million were longs, betting on higher prices.\nMeanwhile, equity markets stumbled amid a massive sell-off of bank stocks that sent JPMorgan Chase and Bank of America down more than 5% and 6%, respectively. The tech-focused Nasdaq tumbled 2.1%, while the S&P 500 and Dow Jones Industrial Average (DJIA) fell 1.8% and 1.7%, respectively. The downturn came even as jobless claims ticked up slightly, a mildly encouraging sign given the tight job market that has pressured prices upward.\nTactive\'s Gifford said that if bitcoin breaks with $20,000, "we could get to $15,000 pretty fast," and if we break through $15,000 we go to $10,000 fast. But he noted bitcoin\'s staying power and halving next year. "That typically has been a spark for bull markets in bitcoin," he said.\nHe added: "We\'ll see a few more companies fall, but that\'s just going to make the ones that are left on the back end that much stronger. And I think that builds a case for we start actually seeing some more widespread adoption of digital assets in general."\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22129.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22128.7%", "DACS Sector": "Currency"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22128.3%", "DACS Sector": "Currency"}]\nFutures Contract Holders Remain Unbowed\nThe average funding rate for perpetual futures contracts in both bitcoin and ether remains positive, despite recent concerns of turmoil in markets. Funding rates are set by exchanges and regulate the price of futures contracts relative to the market value of the asset.\nPositive funding rates indicate bullish sentiment, as holders of long positions are paying shorts. The opposite is the case when funding rates are negative.\nFunding rates for BTC have been positive since Feb. 13, with the exception of a negative dip on March 5.\n3:00 p.m. HKT/SGT(7:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/Feb)\n9:30 p.m. HKT/SGT(13:30 UTC)United States Nonfarm Payrolls (Feb)\n9:30 p.m. HKT/SGT(13:30 UTC)Canada Net Change in Employment (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCrypto-Friendly Silvergate Bank to Wind Down Operations; Bitcoin Touches Lowest Level in Nearly a Month\nCrypto-friendly Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital Corp., said Wednesday. Bianco Research, LLC President and macro strategist Jim Bianco and Opimas, LLC CEO and founder Octavio Marenzi weighed in on the latest developments. Plus, "Crypto Critics\' Corner" co-host Bennett Tomlin discussed the recent Wall Street Journal report that the company behind the world\'s largest stablecoin accessed bank accounts by way of falsified documents and intermediaries.\nNew York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit:A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."\nStarbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop:Members of Starbucks Odyssey, the rewards program currently in beta, were able to purchase up to two “Stamps” from an edition of 2,000 featuring the brand’s iconic siren, but the launch was not without issues.\nVitalik Buterin Dumps Altcoins Worth 220 ETH That Have \'No Moral Value\':The Ethereum co-founder said investors would lose "most of the money" they put into the coins.\nTHNDR Games Launches Play-to-Earn Bitcoin Blocks Puzzle Game:The Bitcoin gaming company’s latest product will allow players to test their problem solving skills against others to win bitcoin.\nSWIFT to Conduct More Tests With CBDC Project:The banking network is seeking to build a system that will connect the digital currencies of different countries.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin\'s fall below below $20K took the largest crypto by market cap to mid January levels. Insights: Silvergate Bank\'s implosion and other events have shaken crypto markets, but investors of futures contracts still seem largely optimistic. Prices CoinDesk Market Index (CMI) 950 −64.7 ▼ 6.4% Bitcoin (BTC) $20,067 −1669.2 ▼ 7.7% Ethereum (ETH) $1,428 −113.0 ▼ 7.3% S&P 500 3,918.32 −73.7 ▼ 1.8% Gold $1,837 +7.2 ▲ 0.4% Nikkei 225 28,623.15 +179.0 ▲ 0.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Return to January Days Bitcoin returned to January levels on Thursday, plunging below $20,000. The largest cryptocurrency by market capitalization was recently trading at $20,067, down 7.7% over the past 24 hours as nervous investors stewed over ongoing inflationary pressure, fallout from the implosion of crypto-friendly Silvergate Bank and, most recently, a New York state lawsuit that alleges ether and other cryptos are securities. BTC has now erased about half its gains from a vibrant first six weeks of the year when hopeful investors sent the crypto up about 40% and past $25,000 in mid-February. "There\'s a lot of people that are scared that maybe the domino effect is just starting," Eddy Gifford, a wealth adviser for investment adviser Tactive. "There\'s FTX, now Silvergate, who\'s next? We also had news out of the Fed where [Federal Reserve Chair Jerome] Powell was very hawkish on raising interest rates likely higher than anyone wanted to even expect – and potentially keeping those rates higher for longer. In those situations, risk assets in general tend to decline, because valuations are a function of the ability to meet estimates and interest rate environment." He added: "So if the interest rate environment remains elevated for longer, that\'s going to push prices down." Ether roughly matched bitcoin\'s plunge to change hands at about $1,430, its lowest level since mid-January. Other major cryptocurrencies were firmly in the red with CRO, the token of exchange Crypto.com , off 7.6% and popular meme coins DOGE and SHIB both dropping more than 8%. The CoinDesk Market Index , a measure of the broader crypto market\'s performance, was down 7.5%. Story continues The sour mood in crypto markets also manifested itself in crypto traders\' some $307 million in liquidations over the past 24 hours, according to Coinglass data. Bitcoin ( BTC ) traders suffered the heaviest losses, some $112 million, while ether ( ETH ) liquidations surpassed $73 million. Of the liquidated trading positions, some $282 million were longs, betting on higher prices. Meanwhile, equity markets stumbled amid a massive sell-off of bank stocks that sent JPMorgan Chase and Bank of America down more than 5% and 6%, respectively. The tech-focused Nasdaq tumbled 2.1%, while the S&P 500 and Dow Jones Industrial Average (DJIA) fell 1.8% and 1.7%, respectively. The downturn came even as jobless claims ticked up slightly, a mildly encouraging sign given the tight job market that has pressured prices upward. Tactive\'s Gifford said that if bitcoin breaks with $20,000, "we could get to $15,000 pretty fast," and if we break through $15,000 we go to $10,000 fast. But he noted bitcoin\'s staying power and halving next year. "That typically has been a spark for bull markets in bitcoin," he said. He added: "We\'ll see a few more companies fall, but that\'s just going to make the ones that are left on the back end that much stronger. And I think that builds a case for we start actually seeing some more widespread adoption of digital assets in general." Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +1.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Loopring LRC −9.4% Smart Contract Platform Dogecoin DOGE −8.7% Currency Shiba Inu SHIB −8.3% Currency Insights Futures Contract Holders Remain Unbowed The average funding rate for perpetual futures contracts in both bitcoin and ether remains positive, despite recent concerns of turmoil in markets. Funding rates are set by exchanges and regulate the price of futures contracts relative to the market value of the asset. Positive funding rates indicate bullish sentiment, as holders of long positions are paying shorts. The opposite is the case when funding rates are negative. Funding rates for BTC have been positive since Feb. 13, with the exception of a negative dip on March 5. (Glassnode) (Glassnode) Important events 3:00 p.m. HKT/SGT(7:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/Feb) 9:30 p.m. HKT/SGT(13:30 UTC) United States Nonfarm Payrolls (Feb) 9:30 p.m. HKT/SGT(13:30 UTC) Canada Net Change in Employment (Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Crypto-Friendly Silvergate Bank to Wind Down Operations; Bitcoin Touches Lowest Level in Nearly a Month Crypto-friendly Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital Corp., said Wednesday. Bianco Research, LLC President and macro strategist Jim Bianco and Opimas, LLC CEO and founder Octavio Marenzi weighed in on the latest developments. Plus, "Crypto Critics\' Corner" co-host Bennett Tomlin discussed the recent Wall Street Journal report that the company behind the world\'s largest stablecoin accessed bank accounts by way of falsified documents and intermediaries. Headlines New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit : A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms." Starbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop : Members of Starbucks Odyssey, the rewards program currently in beta, were able to purchase up to two “Stamps” from an edition of 2,000 featuring the brand’s iconic siren, but the launch was not without issues. Vitalik Buterin Dumps Altcoins Worth 220 ETH That Have \'No Moral Value\' : The Ethereum co-founder said investors would lose "most of the money" they put into the coins. THNDR Games Launches Play-to-Earn Bitcoin Blocks Puzzle Game : The Bitcoin gaming company’s latest product will allow players to test their problem solving skills against others to win bitcoin. SWIFT to Conduct More Tests With CBDC Project : The banking network is seeking to build a system that will connect the digital currencies of different countries.', 'By Tom Westbrook\nSINGAPORE, March 10 (Reuters) - Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress.\nMSCI\'s broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%.\nJapan\'s Nikkei lost 1.3% and S&P 500 futures were down 0.4% in early trade following the cash index dropping 1.8% and falling below its 200-day moving average.\nThe U.S. dollar rose and short-end Treasuries extended sharp overnight gains - driving two-year yields down another nine basis points to 4.8068%.\nFed funds futures also rallied strongly, pulling the market-implied peak in U.S. rates from above 5.6% to just below 5.5%, and pricing about a 50% chance of a 50 basis point Fed hike this month, down from more than 70% a day earlier.\nThe moves followed SVB Financial Group, parent of startup-lender Silicon Valley Bank, noting higher-than-expected "cash burn" from clients, falling deposits and rising costs of capital. It announced an equity sale hours after crypto-focused lender Silvergate said it was closing down.\nSVB stock was still sliding after the bell and has lost about 70% of its value in 24 hours. Titans\' shares were dragged down with it, with J.P. Morgan Chase & Co losing 5.4%, Citigroup down 4.1% and big lenders in Asia and Australia on the slide - albeit to a lesser extent - on Friday morning.\n"I think there\'s speculation that there are wider problems within the U.S. banking system, or there\'s that potential, and that\'s caused a re-think of Fed policy," said ING economist Rob Carnell in Singapore.\n"The thinking is that if what the Fed\'s doing is causing this distress, then perhaps they won\'t be doing that much more," he said.\n"But it\'s a big move on the back of what seems to be some fairly woolly speculation...which just shows how antsy the markets are right now, and this has spilled into all the other markets."\nAdding to the nerves, traders were wound up ahead of a Bank of Japan (BOJ) meeting on Friday - Governor Haruhiko Kuroda\'s last one in charge - and U.S. jobs data due later in the day that is likely to set the tone for the U.S. rates outlook.\nJOBS, BOJ\nThe BOJ is likely to maintain ultra-low interest rates and hold off on major changes to its yield control policy, leaving options open ahead of a leadership transition in April.\nBut since long-dormant Japanese inflation has gathered pace, and following a surprise relaxation of a cap on 10-year yields in December, speculation of changes is rife and has dollar/yen volatility gauges spiking. The yen nudged a little higher to 135.86 prior to the BOJ policy announcement.\nTen-year Japanese government bond futures tracked global bonds higher in morning trade and ten-year cash bonds yielded 0.495%, just below the 0.5% cap.\nElsewhere surprisingly high U.S. jobless claims have offered a weak entree for the broader U.S. employment data due later on Friday, putting some pressure on recent dollar gains.\nThe figures loom as a crucial barometer of the health of the U.S. labour market and the direction of interest rates after Fed Chair Jerome Powell warned rates could rise further and faster if data shows that is needed to get a grip on inflation.\nThe euro held modest overnight gains at $1.0594.\nBitcoin was nursing losses just above the psychological $20,000 level as the fallout from the demise of Silvergate weighs on the broader mood in digital assets.\nBrent crude futures were pinned at $81.55 a barrel and gold at $1,831 an ounce.\n(Editing by Simon Cameron-Moore)', 'By Tom Westbrook SINGAPORE, March 10 (Reuters) - Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital r
**Last 60 Days of Bitcoin's Closing Prices:**
[17196.55, 17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-10
**Financial & Commodity Data:**
- Gold Closing Price: $1862.00
- Crude Oil Closing Price: $76.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $386,649,638,375
- Hash Rate: 291564668.6842239
- Transaction Count: 329334.0
- Unique Addresses: 762121.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.34
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Wall Street has been hit by a brutal market sell-off this year. Spencer Platt/Getty Images US stocks closed mixed on Tuesday as investors digested the latest earnings data. Goldman Sachs missed fourth-quarter estimates, while Morgan Stanley exceeded expectations. The New York Fed's Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years. US stocks closed lower on Tuesday, as investors digested the latest slate of earnings from Wall Street's heavyweight investment banks. Goldman Sachs contributed most to the market's sour sentiment, with the firm missing fourth-quarter expectations and weighing heavily on the Dow. Morgan Stanley reported better-than-expected earnings. Still, both firms noted the more challenging macroeconomic environment, and saw declines in dealmaking. Early Tuesday, the New York Fed's Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years. Here's where US indexes stood at the 4 p.m. closing bell on Tuesday: S&P 500 : 3,990.97, down 0.20% Dow Jones Industrial Average : 33,910.85, down 1.14% (391.76 points) Nasdaq Composite : 11,095.11, up 0.14% Here's what else is happening today: Wells Fargo's chief equities strategist said the S&P 500 could swing as much as 20% this year and reach 4,200. Inflation won't fall meaningfully without tipping the economy into a recession, according to JPMorgan Asset Management's chief investment officer Bob Michele . Bitcoin is having its strongest week since the collapse of FTX with a gain of 22%. In commodities, bonds, and crypto: West Texas Intermediate crude climbed 2.65% to $80.88 per barrel. Brent crude, the international benchmark, rose 2.41% to $86.50. Gold fell 0.44% to trade at $1,909.53 per ounce. The 10-year Treasury yield added two basis points to 3.531%. Bitcoin gained 0.25% to $21,367.37 Read the original article on Business Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nThe cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank\'s (SVB) failure caused some of the industry\'s core plumbing to go haywire.\nStablecoin priceswildly swungandgas fees soaredas investors scrambled to move money around hours afterregulators shut SVB amid a run on the bank, which had ties to crypto. It was thesecondcrypto-linked bank to go under this week.\nIn the aftermath,Treasury Secretary Janet Yellen convenedtop financial regulators to discuss the collapse of SVB. Not long after, crypto markets went into turmoil, suggesting the more-than-year-long bear market has entered an even darker phase.\nThere\'s echoes of the 2008 global financial crisis, when bad news kept getting followed up by even worse news. Though in the case of crypto, which lacks a central bank like the Federal Reserve that can bail out the industry, the question lingers: How will it end?\nRead More:U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank\nCircle Internet Financial\'s USDC stablecoin massively depegged from its intended $1 price – a harrowing development for a product designed as a place for investors to safely park money. TheUSDC/USDT pair(which tracks Circle\'s coin versus the bigger one issued by Tether) sank as low as $0.869 on the Kraken exchange at 07:16 UTC on Saturday – far lower than it ever got amid the market stresses that followed the FTX debacle in November. It was back around $0.94 as of 18:07 UTC.\nThe financial services companyconfirmedlate Friday that about $3.3 billion of the reserves backing the world\'s second-largest stablecoin were tied up at SVB.\nRead More:Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto\nStablecoins derive their value from those reserves; if one is worth more than $43 billion – as USDC was earlier on Friday – there should be roughly that much cash or cash-like fixed-income instruments stashed somewhere backing that up. USDC\'s market capitalization has now slumped below $40 billion.\nAnother stablecoin,MakerDAO\'s DAI, also depegged from $1.\nUSDT, meanwhile, at one point spiked to$1.06 on Kraken versus the U.S. dollaras investors appeared to shift money away from USDC.Bitcoin climbedback above $20,000.\nGas fees, which measures how much it costs to complete an on-chain transaction, surged. ForEthereum, the median gas feejumped as high as about 231 gwei, versus the roughly 20-to-40 range seen earlier Friday, according to Nansen.ai.\nCrypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto\'s Bitcoin paper debuted into a world where governments had just propped up the financial system by pouring money into it. Crypto lacks such a centralized authority. If SVB customers, including Circle and its USDC stablecoin, are forced to take a haircut on their money, the repercussions are unclear.\nSo who, if anyone, will step in?\nWhen Razer CEO Min-Liang Tan tweeted late Friday that Twitter should buy SVB and turn into a digital bank, billionaireElon Musk tweeted in reply, "I\'m open to the idea."\nRead More:Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents\nUPDATE (March 11, 2023, 18:07 UTC):Updates prices and adds DAI\'s depegging.', 'Join the most important conversation in crypto and web3! Secure your seat today The cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank\'s (SVB) failure caused some of the industry\'s core plumbing to go haywire. Stablecoin prices wildly swung and gas fees soared as investors scrambled to move money around hours after regulators shut SVB amid a run on the bank , which had ties to crypto. It was the second crypto-linked bank to go under this week. In the aftermath, Treasury Secretary Janet Yellen convened top financial regulators to discuss the collapse of SVB. Not long after, crypto markets went into turmoil, suggesting the more-than-year-long bear market has entered an even darker phase. There\'s echoes of the 2008 global financial crisis, when bad news kept getting followed up by even worse news. Though in the case of crypto, which lacks a central bank like the Federal Reserve that can bail out the industry, the question lingers: How will it end? Read More: U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank Circle Internet Financial\'s USDC stablecoin massively depegged from its intended $1 price – a harrowing development for a product designed as a place for investors to safely park money. The USDC/USDT pair (which tracks Circle\'s coin versus the bigger one issued by Tether) sank as low as $0.869 on the Kraken exchange at 07:16 UTC on Saturday – far lower than it ever got amid the market stresses that followed the FTX debacle in November. It was back around $0.94 as of 18:07 UTC. USDC/USDT sinks (Kraken) The financial services company confirmed late Friday that about $3.3 billion of the reserves backing the world\'s second-largest stablecoin were tied up at SVB. Read More: Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto Stablecoins derive their value from those reserves; if one is worth more than $43 billion – as USDC was earlier on Friday – there should be roughly that much cash or cash-like fixed-income instruments stashed somewhere backing that up. USDC\'s market capitalization has now slumped below $40 billion. Story continues Another stablecoin, MakerDAO\'s DAI, also depegged from $1 . USDT, meanwhile, at one point spiked to $1.06 on Kraken versus the U.S. dollar as investors appeared to shift money away from USDC. Bitcoin climbed back above $20,000. $USDT "depegged" to the upside, worth 1.06 $USD and 1.08 $USDC today. $USDC dipped to 0.89 $USD . You have to wonder if the market is losing faith in US-homed financial products. Board: https://t.co/ndnGPaSwmm pic.twitter.com/Fi6Fh5mSQk — Jesse Powell (@jespow) March 11, 2023 Gas fees, which measures how much it costs to complete an on-chain transaction, surged. For Ethereum, the median gas fee jumped as high as about 231 gwei, versus the roughly 20-to-40 range seen earlier Friday, according to Nansen.ai. Ethereum gas fees (Nansen.ai) Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto\'s Bitcoin paper debuted into a world where governments had just propped up the financial system by pouring money into it. Crypto lacks such a centralized authority. If SVB customers, including Circle and its USDC stablecoin, are forced to take a haircut on their money, the repercussions are unclear. So who, if anyone, will step in? When Razer CEO Min-Liang Tan tweeted late Friday that Twitter should buy SVB and turn into a digital bank, billionaire Elon Musk tweeted in reply , "I\'m open to the idea." Read More: Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents UPDATE (March 11, 2023, 18:07 UTC): Updates prices and adds DAI\'s depegging.', "TTEC Holdings, Inc. (NASDAQ: TTEC ) Q4 2022 Earnings Call Transcript February 28, 2023 Operator: Welcome to TTEC's Fourth Quarter and Full Year 2022 Earnings Conference Call. I would like to remind all parties that you will be in a listen-only mode until the question-and-answer session. This call is being recorded at the request of TTEC. I would now like to turn the call over to Paul Miller, TTEC's Senior Vice President, Treasurer and Investor Relations Officer. Thank you, sir. You may begin. Paul Miller: Good morning, and thank you for joining us today. TTEC is hosting this call to discuss its fourth quarter and full year 2022 financial results for the period ended December 31, 2022. Participating on today's call are Ken Tuchman, Chairman and Chief Executive Officer of TTEC; Shelly Swanback, Chief Executive Officer of TTEC Engage and President of TTEC; and Dustin Semach, Chief Financial Officer of TTEC. Yesterday, TTEC issued a press release announcing its financial results. While this call will reflect items discussed within that document, for complete information about our financial performance, we also encourage you to read our 2022 annual report on Form 10-K, which we anticipate will be filed at market close today. Before we begin, I want to remind you that matters discussed on today's call may include forward-looking statements related to our operating performance, financial goals and business outlook, which are based on management's current beliefs and assumptions. Please note that these forward-looking statements reflect our opinion as of the date of this call, and we undertake no obligation to revise this information as a result of new developments that may occur. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause our actual results to differ materially from those expected and described today. For a more detailed description of our risk factors, please review our annual report on Form 10-K. A replay of this conference call will be available on our website under the Investor Relations section. Story continues I will now turn the call over to Ken. Ken Tuchman: Thank you, Paul. Good morning, everyone, and thank you for joining us today. We ended 2022 with solid execution and financial results despite the increased uncertainties surrounding the global macroeconomic environment, our performance reflects our broad and diverse base of global clients, our expertise across strategic verticals and our full range of digital CX technology, AI and service capabilities. For the full year of 2022, bookings were $762 million. Revenue increased 9.4% to $2.44 billion on a constant currency basis. Adjusted EBITDA was $326.6 million or 13.4% of revenue. In addition, last year, we enhanced our public sector vertical with a meaningful acquisition. We publicly launched our strategic partnership with Google, deepened our partnership with each of our core strategic CX technology partners, including the largest hyperscalers, we strengthened our first-mover advantage in AI with strategic investments in new offerings and several new client wins. We expanded our client base by winning 93 new logos and we grew our delivery footprint with three new offshore geographies. And we were recognized as a CX leader by all four major analyst firms. In addition, we were named by Forbes as one of America's best large employers for the third consecutive year. And lastly, we marked our 40th anniversary as a pioneer, a global leader and an innovator in customer experience. I'm pleased with our accomplishments in 2022, despite the fact that our financial performance was tempered by the increased macroeconomic headwinds that emerged in the second half of last year. As we look ahead, some clients in select verticals continue to have reduced visibility into their short to midterm outlook. And therefore, at this point in time, we believe it's prudent to approach 2023 guidance conservatively. Having said that, I could not be more excited about our strength in global leadership team and our differentiated platform. I'm confident in our ability to deliver significantly higher revenue growth and margins as we exit this current macroeconomic environment, and now let's move to our views on the market. In any economy, an exceptional customer experience sets the most admired brands apart. Happy customers are loyal. They spend more money and become active promoters of their favorite brands. In an uncertain economy, keeping these loyal customers is paramount. Yet at the same time, businesses are challenged to do more with less. Our outcomes-based solutions are more critical than ever in this environment. Over the past decade, we've set up our company to capitalize on three game-changing megatrends. From legacy giants to digitally native startups, these trends will be altering the face of every industry across the globe. We've been preparing for this inflection point, and we're well positioned to capitalize on the opportunity ahead of us. So let me begin. Trend number one, the CX move to the cloud is no longer an option. It's an imperative. Currently, only about 20% of large enterprises have completed their CX migration to the cloud. As the largest pureplay CX technology and services player in the world, we're helping these companies use the modern capabilities enabled by the cloud to create customer experiences across every touch point that are personalized, effortless and differentiated. Our TTEC Digital business has implemented some of the most complex enterprise CX cloud migrations at scale across every major platform. We're well positioned to capitalize on the remaining 80% of large businesses and governments still operating on outdated on-premise legacy platforms. These digital transformation initiatives are complicated and will provide us with technology and managed service opportunities for many years to come. Trend number two, the world's leading brands are moving from reactive customer support to proactive customer experiences. Smart brands no longer are waiting for their customers to reach out when something goes wrong. They're using advanced analytics to anticipate the future needs of their customers with proactive outreach and next best actions. With our investments in predictive digital capabilities, that enable customer acquisition, growth and retention, we're delivering strong results for our clients in multiple industries, including health care, financial services and automotive. Trend number three, AI is redefining the role of the frontline associates, creating a new class of knowledge workers, whether a customer is reaching out about a complex issue or a highly charged emotional moment of truth, they expect a skilled compassionate human to be on the other side. AI has the potential to turn these frontline knowledge workers into super agents by augmenting their skills with real-time insights and next best actions. These capabilities accelerate speed to proficiency, create new career pathways, deliver the best possible business outcomes and will create higher margin opportunities for TTEC. These three trends are putting pressure on companies across the globe to find a partner so that they can move quickly and with confidence. For the past 40 years, we've led the market by helping our clients understand how new digital technologies fit into their CX ecosystem. While technology has always been fundamental to our solutions for clients, we've provided a steady hand to separate the helpful from the hype, from the earliest IVRs to today's latest developments with AI, our focus has always been delighting customers and helping our clients grow. Our two distinct but connected business segments enable us to deliver differentiated results in this new phase of AI-driven CX innovation. Today, TTEC Digital is the largest pureplay CX technology and services player in the world. We have the data scientists, the CX consultants, the CX technology expertise across all leading platforms. Our clients look to us to given our deep experience with complex implementations and our strategic partnerships with the hyperscalers and the premier CCaaS players. Complementing TTEC Digital is our TTEC Engage business, which handles millions of last-mile customer interactions on behalf of the world's leading brands. Our teams of knowledge workers, conversational designers, data curators and analytic experts deliver experiences that consistently delight our clients and wow their customers. And when we combine the capabilities of these two business segments, we're uniquely positioned to build and deliver proprietary CX solutions on top of Microsoft and OpenAI's ChatGPT, Google CCAI and Amazon's Lambda. We believe this not only helps us support the world's leading brands more effectively with AI machine learning, but it also serves as a moat relative to the rest of our competitors. As Google, Genesis, Microsoft, Cisco and AWS develop market applications for new technologies like generative AI, they are collaborating with us for our frontline knowledge and our CX technology domain expertise. Together, we're investing in solution development, go-to-market strategies and delivery models for this new generation of customer experience. Human discernment and compassion will play a key role in building trust as these new AI functions are integrated into CX solutions. Like many digital innovations before, these new capabilities will augment our frontline knowledge workers. Now I'd like to share our thoughts on 2023. With a strong foundation and an agile mindset, we have the resilient and have preserved through the economic cycles, global pandemics and natural disasters. We know that these events are cyclical and working as a team. We have demonstrated time and again that we have the determination, tenacity and long-term track record and vision to come out stronger on the other side. I'm more confident than ever about our path forward with Shelly Swanback and Dave Seybold, by my side. Together, we are actively navigating the current environment and doubling down on our priorities that will build momentum as we progress through the year. From the very beginning, we have aspired to build something truly unique in the industry, a single end-to-end resource for premium CX technology, AI and service to power the most customer-centric brands on the planet. And today, we are as excited as ever. And with that, I'll hand the call over to Shelly. 11 Highest Paying Countries for Information Technology Professionals Rawpixel.com/Shutterstock.com Shelly Swanback: Thank you, Ken, and good morning, everyone. As Ken mentioned in his opening statement, we delivered a strong fourth quarter. Our solid performance was possible due to our trusted and long-standing partnerships with our clients and the passion, hard work and contributions of our amazing 69,000 teammates across the globe. Like Ken, I'm very enthusiastic about the relevance of our CX solutions and the market demand for the outcomes we deliver. Clients across industries continue to be focused on the importance of a great customer experience. We're well positioned to help them apply the most relevant talent, technology and AI solutions for their business. Shifting now to our Engage business. The weakening macroeconomic environment is creating a few specific short-term challenges. The uncertainty in this economic environment is affecting the short and midterm outlooks for some of our clients, subsequently impacting our visibility. We're responding to their needs by remaining agile. While we have continued strength of resilient verticals like public sector, financial services and health care, we are experiencing weakness in our hyper growth sector. Unfortunately, several of our hyper growth clients have been impacted by the post-pandemic renormalization. In the short term, the decline in this sector is putting pressure on our margins. We're confident that we'll successfully navigate these pressures while we continue to make investments in technology, infrastructure, our global footprint and M&A integration. This will give us momentum as we exit 2023 and head into 2024. Now let me share our Engage initiatives that will add velocity to our growth engine, improve our margin profile and set the company up for long-term success. We're accelerating our efforts to expand our delivery and language footprint. In 2022, we added three new geographies to our operational footprint that now spans more than 20 countries. In 2023, we plan to add new language capabilities and thousands of new associates in Latin America, EMEA, Asia and Africa, where we're seeing increasing demand from both current clients and prospects. Additionally, we're moving quickly and have a qualified pipeline for offshore delivery that has increased over the same - this same time last year. We expect this momentum to continue to build. We're building our talent base with highly skilled knowledge workers to support more complex interactions, a place where we're uniquely qualify. As we help our clients migrate simple interactions to non-voice channels, the demand for more highly trained and experienced knowledge workers is growing. AI-based tools are enabling us to find, train and onboard these knowledge workers with speed. Initiatives like our Flex EX platform are offering knowledge workers more flexibility with their schedule while allowing us to better match supply with the ebbs and flows of demand. We're leaning into resilient verticals where we offer differentiated solutions, the specialized nature of the work and licensing requirements in health care, financial services and public sector provide us with a competitive advantage. Our domain expertise and proven best practices in these verticals are enabling us to attract new companies as well as expand our embedded base. In health care, in 2022, we implemented 14 open enrollment programs for 10 clients, and we were consistently the top performer. As we build on the trust earned from these successful client programs, we will sell new asynchronous offshore services delivered at a higher margin. In financial services, we continue to expand our business with new logos and grow our embedded base with additional claims, collections, fraud and back-office services. We're also growing in property and casualty and now support three out of five of the industry leaders in this category. In this highly competitive marketplace, we're partnering with insurers to use analytics as a differentiator with just-in-time estimates and hyper personalized offers. In public sector, we continue to scale as we complete the integration of the public sector assets we acquired last year. For example, our work with New York Metro tolling and transportation authorities is well underway with an anticipated go-live date in 2024. This comprehensive contract includes CX technology, account management, customer support and back office services. And more broadly, we're focusing our go-to-market on opportunities to help companies reduce costs by taking advantage of our expanding global footprint and scaling our trust and safety and AI operation solutions. I'm particularly excited about helping our clients harness the power of AI with expanded services and data annotation and curation supported by our skilled knowledge workers. Now I'll move on to our TTEC Digital segment. Given the rapid pace of CS technology innovation, companies are looking for a partner with the breadth and depth to design, build, operate and also manage their digital transformation. These technology consulting and long-term managed service contracts fall right in our sweet spot. It's the only pure play CX technology partner that also manages millions of customer interactions every day, we deliver value and customer insight that no one else can. And it's so great to have Dave Seybold on our team with his deep partner and client relationships and strong track record of growing global businesses at scale, Dave brings extensive cloud and CS expertise to the business at a pivotal time. He's already making an impact with our people, our clients and our partners. Dave and his team are accelerating progress on our digital priorities. First, capturing the growth opportunity to help clients with our CX cloud migration, AI and large digital transformation initiatives, enabled by our strategic partnerships with Genesis, Microsoft, AWS, Cisco and Google. We continue to be chosen by these partners for complex and first-of-a-kind CX engagements, including generative AI. Next, continuing to scale our offshore delivery platform to strengthen our margin profile. Last year, we successfully grew our offshore footprint by 60%, and we have plans underway to further scale in 2023. And finally, continuing to build and scale our IP-based software that we directly embed in our solutions and also sell across the hyperscalers marketplaces. I'll wrap up our segment discussion with a few thoughts about the exciting progress being made in AI. Discussion around AI has been happening for some time. What's different now is that practical business benefits are within reach. Having worked with clients to take advantage of previous AI and technology innovation cycles before, it's clear that technology is only one part of the equation in terms of delivering tangible business results. We're uniquely positioned to capture the opportunity because of our combination of deep CX domain expertise, CX technology services at scale and our experience delivering frontline customer engagement. In conclusion, we're managing for today while we continue to strengthen the foundation for our future, reviewing 2023 as a year focused on disciplined and agile execution as we continue to drive towards diversification across clients, geographies, languages and solutions to optimize our revenue mix and further strengthen our margin profile. Our outlook for TTEC in 2023 is low single-digit growth with tempered margins driven by our Engage segments performance being impacted with the points I mentioned earlier. With our focused strategy, prudent investments and strengthened leadership team, we expect margins and growth to accelerate in 2024 and beyond. And I look forward to sharing our progress as we continue to deliver best-in-class solutions for our clients, growth opportunities for our employees and returns for our shareholders. And now I will turn the call over to Dustin. Dustin Semach: Thank you, Shelly, and good morning. We appreciate everyone taking the time to join us today. I'll start with a review of our fourth quarter and full year 2022 results before providing you context on our 2023 guidance. Turning to our bookings. Despite the dynamic environment, our go-to-market teams delivered a solid year. In the fourth quarter of 2022, bookings were $197 million compared to $206 million in the prior year period, resulting in full year bookings of $762 million, an increase from $751 million in the prior year. Bookings in our Digital segment were particularly strong, increasing 10% in the fourth quarter over the prior year period and 23% in 2022. The business signings were predominantly driven by demand for our Genesis and Microsoft CX technology solutions, in addition to Amazon Connect and Cisco, many of which are large multiyear CX transformational engagements. While our sales cycles have extended, our enterprise and public sector clients continue to recognize the long-term benefits for modernizing and digitally enhancing their CX ecosystem. In our Engage segment, there was solid demand for our core offerings in the fourth quarter and full year of 2022. Bookings were well diversified across our key industries, with particular strength in financial services, health care, automotive and travel and hospitality, as well as across our expanded geographic footprint, including continued momentum in our EMEA region, which had bookings growth 60% in the fourth quarter and 40% in 2022. We added 22 new client relationships in the fourth quarter and 93 for the full year 2022. This represents an increase of 13% over the prior year full period. Due to recent acquisitions, our Digital revenue as a percentage of our overall revenue has increased. Due to the nature of the business, Digital bookings reflect a higher mix of non-recurring services relative to Engage. As a result, moving forward, we will begin giving color on each individual segment's performance rather than discussing bookings at the overall TTEC level. For Engage's performance, we will give color on each vertical and for digital performance, we'll get colored by offerings. I will share our 2023 backlog details in my closing remarks. In my discussion on the fourth quarter and full year 2022 financial results, reference to revenues on a GAAP basis while EBITDA, operating income and earnings per share on a non-GAAP adjusted basis. A full reconciliation of our GAAP to non-GAAP results is included in the tables attached to our earnings press release. My references to the term on a like-for-like basis describes our revenue growth, excluding the impact of foreign exchange translation and treating acquisitions as if we've owned them in the prior year period. As mentioned, we are pleased with our fourth quarter financial performance, especially when considering the headwinds that both Ken and Shelly highlighted earlier. On a consolidated basis in the fourth quarter of 2022, revenue was $658.3 million, an increase of 7.5% on a like-for-like basis, excluding the impact of pandemic-related volumes, revenue grew 4.7%. Organic growth was 2% on a constant currency basis. Adjusted EBITDA was $84.8 million or 12.9% of revenue compared to $84.1 million or 13.7% in the prior year. Operating income was $69.9 million or 10.6% of revenue compared to $68.3 million or 11.2% in the prior year. And lastly, EPS was $0.89 compared to $1.08 in the prior year. The strengthening of the U.S. dollar had a $12.6 million negative impact on revenue in the fourth quarter over the prior year period, while benefiting operating income by a positive $4.5 million, primarily within our Engage segment. Our fourth quarter year-over-year top line performance primarily reflects the contribution from the April 2022 annual asset acquisition in our Engage segment, as well as increased CX technology services in our Digital segment, driven by the increasing adoption of cloud CX technologies. Turning to our operating and EBITDA margins. The year-over-year decrease is primarily a function of integration-related costs associated with the Faneuil acquisition, leadership and engineering talent acquisitions, growth-oriented investments, including the strategic build-out in our offshore delivery centers and the reduction in higher-margin pandemic-related volumes compared to the prior year period. Moving forward, we will no longer report the impact from pandemic-related volumes given its modest remaining impact. However, for consistency, we felt it was important to share through the end of fiscal year '22. On a consolidated basis for the full year 2022, revenue was $2.44 billion, an increase of 7.5% and 8.3% on a like-for-like basis, excluding the impact of pandemic-related volumes. Organic growth was 1.6% on a constant currency basis. Adjusted EBITDA was $326.6 million or 13.4% of revenue compared to $354.4 million or 15.6% in the prior year. Operating income was $248.5 million or 10.2% of revenue compared to $286.2 million or 12.6% in the prior year. And lastly, EPS was $3.68 compared to $4.62 in the prior year. The strengthening of the U.S. dollar in 2022 at a $42.4 million negative impact on revenue, while positively impacting operating income by $13.9 million, primarily within our Engage segment. Our full year top line growth was primarily driven by the Engage Faneuil acquisition in April of 2022 and Digital's Avtex acquisition in April of 2021, alongside increased business across our core offerings from new and existing clients. The full year bottom line decline is driven predominantly by the same reasons mentioned for the fourth quarter. Turning now to our fourth quarter and full year 2022 segment results. Digital segment revenue increased 4.2% to $123.4 million in the fourth quarter of 2022 of the prior year period, all organic. Operating income was $16.5 million or 13.3% of revenue compared to $20.2 million or 17.1% of revenue in the prior year period. Our fourth quarter revenue growth is a function of increased cloud and systems integration services across our Tier 1 CX tech partner platforms, slightly offset by lower year-over-year product sales and on-premise managed services as more clients move to the cloud. Our combined recurring cloud and managed services revenue grew 4.5% in the fourth quarter of 2022 over the prior year period, representing 54% of Digital's total revenue and our reoccurring systems integration revenue grew 18%, representing 27% of total revenue. Decline in operating margins reflect incremental investment in CX leadership and engineering talent sales and marketing and product and technology developments. On a full year basis, Digital's 2022 revenue increased 13.9% to $471.5 million over the prior year period, of which 1.7% was organic on a constant currency basis. Operating income was $63.5 million or 13.5% of revenue compared to $59.6 million or 14.4% in the prior year period. Full year revenue primarily benefited from the Avtex acquisition. Operating margins were impacted by the reasons noted in the fourth quarter in addition to acquisition-related integration costs. Our Cloud and Managed Services revenue grew 15% in 2022 over the prior year period, representing 54% of Digital's total revenue, and our systems integration revenue grew 20% representing 27% of total revenue. Moving to Engage. Our Engage segment reported fourth quarter 2022 revenue of $534.9 million an increase of 8.3% over the prior year, 4.6% on a like-for-like basis, excluding the impact of pandemic-related volumes. Organic growth was 1.3% on a constant currency basis. On a full year basis, revenue increased 6.1% to $1.97 billion, 9.7% on a like-for-like basis, excluding the impact of pandemic-related volumes. Organic growth was 1.6% on a constant currency basis. The annual asset acquisition was the primary contributor to growth in the quarter and the full year, alongside increased volumes across our virtual and digital delivery capabilities, contribution from our EMEA region and select verticals, including health care and financial services, excluding the pandemic-related volumes. Our embedded base performance remains strong as demonstrated by Engage's last 12-month revenue retention rate of 97%, excluding pandemic-related volumes, Engage's revenue retention rate was 105%. In the fourth quarter, operating income was $53.4 million or 10% of revenue compared to 48.1 or 9.7%. On a full year basis, operating income was $185.1 million or 9.4% of revenue compared to $226.6 million or 12.2%. Our Engage operating margins reflect the impacts highlighted in my earlier comments. I will now share other 2022 measures before moving to our outlook. As of December 31, 2022, cash was $153.4 million was $963.6 million of debt of which $960 million represented borrowings under our $1.5 billion credit facility. Net debt increased $171.3 million to $810.2 million year-over-year primarily related to acquisition-related investments associated with the Fannie asset acquisition and capital distributions, partially offset by cash flow generation. Cash flow from operations was $137 million in 2022 compared to $251.3 million in the prior year. The reduction in cash flow from operations was primarily a function of lower profitability, higher interest payments and a DSO of 58 days in the fourth quarter compared to 54 days in the prior year period. Capital expenditures were $84 million or 3.4% of revenue for the full year of 2022 compared to 60.4 or 2.7% in the prior year. The increase is driven by investments in IT security and infrastructure and our accelerated geographic expansion efforts. Our full year normalized tax rate was 23% in 2022 versus 21.3% in the prior year, increase is primarily related to the change in tax regulation related to PSA a special economic zone within the Philippines, jurisdictional mix of income and a reduction in select international tax benefits. In the fourth quarter of 2022, TTEC paid a $0.52 per share dividend or $24.6 million. On February 23, 2023, the Board declared the next semi annual dividend of $0.52 per share, payable on April 20, 2023, to shareholders of record as of March 31, 2023. Turning to our 2023 outlook. I'm going to provide some context supporting our guidance. First, our outlook reflects the impacts Shelly discussed earlier, including continued uncertainty due to further weakening macroeconomic environment that we first signaled in the second half of 2022, and we expect to persist in the first half of 2023, affecting select verticals. While we are seeing strength in resilient verticals like financial services, health care and public sector, this is being offset by continued weakness in our hyper growth sector. We expect the growth will ramp in the second half of 2023, driven by recovery in the previously mentioned impacted Engage verticals and continued go-to-market execution throughout the year. Digital's growth will accelerate in fiscal year '23 driven by increased adoption of CX Cloud Technologies muted by a continued turnaround within our Cisco practice and macro-driven LinkedIn sales cycles. We are continuing to make investments to further globalize our delivery and language footprint, complete the integration of recent acquisitions, strengthen our executive leadership team and enhance our infrastructure and technology landscape. Continued investments, coupled with impacts in our hyper growth sector is putting pressure on our margins in fiscal year '23. Last, we entered 2023 with total revenue backlog of $2.211 billion, 87% of our full year guidance at the midpoint. Now turning to the midpoint of our 2023 guidance as outlined in greater detail in our fourth quarter and full year 2022 earnings press release. GAAP revenue of $2.5 billion, an increase of the prior year of 2.3%, adjusted EBITDA of $300 million, a decrease of 8.2% over the prior year and 12% of revenue compared to 13.4% in the prior year. Non-GAAP operating income of $231 million, a decrease of 6.9% over the prior year and 9.3% of revenue compared to 10.2% in the prior year. Non-GAAP earnings per share of $2.54, a decrease of 31% over the prior year. The EPS decline is driven predominantly by the interest rate hikes across 2022 and anticipated interest rate hikes in 2023 that will impact our variable interest rate. Other relevant guidance metrics include capital expenditures between 3.4% and 3.6% of revenue, of which 65% is growth-oriented, a full year effective tax rate between 22% and 24% and a diluted share count between $47.3 million and $47.5 million. Please reference our commentary in the business outlook section to our fourth quarter and full year 2022 earnings press release to obtain our expectations for first quarter and full year 2023 performance at the consolidated and segment level. In closing, we are confident we will successfully navigate the dynamic environment ahead of us, position the company for accelerated growth as we exit the year. We are excited about our future, supported by our 40 year track record of delivering innovation and value-driven CX outcomes for our clients, strong executive leadership team and an unmatched CX technology and services platform. I will now turn the call back to Paul. See also 12 Top Performing Consumer Staples Stocks in January and 13 Top Performing Bitcoin Stocks in January . To continue reading the Q&A session, please click here .", "TTEC Holdings, Inc. (NASDAQ:TTEC) Q4 2022 Earnings Call Transcript February 28, 2023\nOperator:Welcome to TTEC's Fourth Quarter and Full Year 2022 Earnings Conference Call. I would like to remind all parties that you will be in a listen-only mode until the question-and-answer session. This call is being recorded at the request of TTEC. I would now like to turn the call over to Paul Miller, TTEC's Senior Vice President, Treasurer and Investor Relations Officer. Thank you, sir. You may begin.\nPaul Miller:Good morning, and thank you for joining us today. TTEC is hosting this call to discuss its fourth quarter and full year 2022 financial results for the period ended December 31, 2022. Participating on today's call are Ken Tuchman, Chairman and Chief Executive Officer of TTEC; Shelly Swanback, Chief Executive Officer of TTEC Engage and President of TTEC; and Dustin Semach, Chief Financial Officer of TTEC. Yesterday, TTEC issued a press release announcing its financial results. While this call will reflect items discussed within that document, for complete information about our financial performance, we also encourage you to read our 2022 annual report on Form 10-K, which we anticipate will be filed at market close today.\nBefore we begin, I want to remind you that matters discussed on today's call may include forward-looking statements related to our operating performance, financial goals and business outlook, which are based on management's current beliefs and assumptions. Please note that these forward-looking statements reflect our opinion as of the date of this call, and we undertake no obligation to revise this information as a result of new developments that may occur. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause our actual results to differ materially from those expected and described today. For a more detailed description of our risk factors, please review our annual report on Form 10-K. A replay of this conference call will be available on our website under the Investor Relations section.\nI will now turn the call over to Ken.\nKen Tuchman:Thank you, Paul. Good morning, everyone, and thank you for joining us today. We ended 2022 with solid execution and financial results despite the increased uncertainties surrounding the global macroeconomic environment, our performance reflects our broad and diverse base of global clients, our expertise across strategic verticals and our full range of digital CX technology, AI and service capabilities. For the full year of 2022, bookings were $762 million. Revenue increased 9.4% to $2.44 billion on a constant currency basis. Adjusted EBITDA was $326.6 million or 13.4% of revenue. In addition, last year, we enhanced our public sector vertical with a meaningful acquisition. We publicly launched our strategic partnership with Google, deepened our partnership with each of our core strategic CX technology partners, including the largest hyperscalers, we strengthened our first-mover advantage in AI with strategic investments in new offerings and several new client wins.\nWe expanded our client base by winning 93 new logos and we grew our delivery footprint with three new offshore geographies. And we were recognized as a CX leader by all four major analyst firms. In addition, we were named by Forbes as one of America's best large employers for the third consecutive year. And lastly, we marked our 40th anniversary as a pioneer, a global leader and an innovator in customer experience. I'm pleased with our accomplishments in 2022, despite the fact that our financial performance was tempered by the increased macroeconomic headwinds that emerged in the second half of last year. As we look ahead, some clients in select verticals continue to have reduced visibility into their short to midterm outlook. And therefore, at this point in time, we believe it's prudent to approach 2023 guidance conservatively.\nHaving said that, I could not be more excited about our strength in global leadership team and our differentiated platform. I'm confident in our ability to deliver significantly higher revenue growth and margins as we exit this current macroeconomic environment, and now let's move to our views on the market. In any economy, an exceptional customer experience sets the most admired brands apart. Happy customers are loyal. They spend more money and become active promoters of their favorite brands. In an uncertain economy, keeping these loyal customers is paramount. Yet at the same time, businesses are challenged to do more with less. Our outcomes-based solutions are more critical than ever in this environment. Over the past decade, we've set up our company to capitalize on three game-changing megatrends.\nFrom legacy giants to digitally native startups, these trends will be altering the face of every industry across the globe. We've been preparing for this inflection point, and we're well positioned to capitalize on the opportunity ahead of us. So let me begin. Trend number one, the CX move to the cloud is no longer an option. It's an imperative. Currently, only about 20% of large enterprises have completed their CX migration to the cloud. As the largest pureplay CX technology and services player in the world, we're helping these companies use the modern capabilities enabled by the cloud to create customer experiences across every touch point that are personalized, effortless and differentiated. Our TTEC Digital business has implemented some of the most complex enterprise CX cloud migrations at scale across every major platform.\nWe're well positioned to capitalize on the remaining 80% of large businesses and governments still operating on outdated on-premise legacy platforms. These digital transformation initiatives are complicated and will provide us with technology and managed service opportunities for many years to come. Trend number two, the world's leading brands are moving from reactive customer support to proactive customer experiences. Smart brands no longer are waiting for their customers to reach out when something goes wrong. They're using advanced analytics to anticipate the future needs of their customers with proactive outreach and next best actions. With our investments in predictive digital capabilities, that enable customer acquisition, growth and retention, we're delivering strong results for our clients in multiple industries, including health care, financial services and automotive.\nTrend number three, AI is redefining the role of the frontline associates, creating a new class of knowledge workers, whether a customer is reaching out about a complex issue or a highly charged emotional moment of truth, they expect a skilled compassionate human to be on the other side. AI has the potential to turn these frontline knowledge workers into super agents by augmenting their skills with real-time insights and next best actions. These capabilities accelerate speed to proficiency, create new career pathways, deliver the best possible business outcomes and will create higher margin opportunities for TTEC. These three trends are putting pressure on companies across the globe to find a partner so that they can move quickly and with confidence.\nFor the past 40 years, we've led the market by helping our clients understand how new digital technologies fit into their CX ecosystem. While technology has always been fundamental to our solutions for clients, we've provided a steady hand to separate the helpful from the hype, from the earliest IVRs to today's latest developments with AI, our focus has always been delighting customers and helping our clients grow. Our two distinct but connected business segments enable us to deliver differentiated results in this new phase of AI-driven CX innovation. Today, TTEC Digital is the largest pureplay CX technology and services player in the world. We have the data scientists, the CX consultants, the CX technology expertise across all leading platforms.\nOur clients look to us to given our deep experience with complex implementations and our strategic partnerships with the hyperscalers and the premier CCaaS players. Complementing TTEC Digital is our TTEC Engage business, which handles millions of last-mile customer interactions on behalf of the world's leading brands. Our teams of knowledge workers, conversational designers, data curators and analytic experts deliver experiences that consistently delight our clients and wow their customers. And when we combine the capabilities of these two business segments, we're uniquely positioned to build and deliver proprietary CX solutions on top of Microsoft and OpenAI's ChatGPT, Google CCAI and Amazon's Lambda. We believe this not only helps us support the world's leading brands more effectively with AI machine learning, but it also serves as a moat relative to the rest of our competitors.\nAs Google, Genesis, Microsoft, Cisco and AWS develop market applications for new technologies like generative AI, they are collaborating with us for our frontline knowledge and our CX technology domain expertise. Together, we're investing in solution development, go-to-market strategies and delivery models for this new generation of customer experience. Human discernment and compassion will play a key role in building trust as these new AI functions are integrated into CX solutions. Like many digital innovations before, these new capabilities will augment our frontline knowledge workers. Now I'd like to share our thoughts on 2023. With a strong foundation and an agile mindset, we have the resilient and have preserved through the economic cycles, global pandemics and natural disasters.\nWe know that these events are cyclical and working as a team. We have demonstrated time and again that we have the determination, tenacity and long-term track record and vision to come out stronger on the other side. I'm more confident than ever about our path forward with Shelly Swanback and Dave Seybold, by my side. Together, we are actively navigating the current environment and doubling down on our priorities that will build momentum as we progress through the year. From the very beginning, we have aspired to build something truly unique in the industry, a single end-to-end resource for premium CX technology, AI and service to power the most customer-centric brands on the planet. And today, we are as excited as ever. And with that, I'll hand the call over to Shelly.\nRawpixel.com/Shutterstock.com\nShelly Swanback:Thank you, Ken, and good morning, everyone. As Ken mentioned in his opening statement, we delivered a strong fourth quarter. Our solid performance was possible due to our trusted and long-standing partnerships with our clients and the passion, hard work and contributions of our amazing 69,000 teammates across the globe. Like Ken, I'm very enthusiastic about the relevance of our CX solutions and the market demand for the outcom
**Last 60 Days of Bitcoin's Closing Prices:**
[17446.29, 17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-11
**Financial & Commodity Data:**
- Gold Closing Price: $1862.00
- Crude Oil Closing Price: $76.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $396,283,241,388
- Hash Rate: 357219695.9219277
- Transaction Count: 319707.0
- Unique Addresses: 721567.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cathie Wood is finally admitting she got some things wrong about Bitcoin.
The founder and CEO of ARK Investment Management said Thursday that she and her team misjudged the uptake of the cryptocurrency—or at least the timing of it—by companies and governments. Her firm has invested heavily in Bitcoin andcontinues to bet onits eventual rise to meteoric heights.
“We tempered a few assumptions,” shetold Bloomberg Radioon Thursday. “We thought that—led byTesla,Block(formerly Square), and MicroStrategy—more corporations would put Bitcoin on their balance sheets. We’ve dialed that one down considerably. And the same thing with nation-states.”
Bitcoin lost nearly 65% of its value over 2022, ending the year at about $16,500. It currently stands at just over $23,500.
Companies holding Bitcoin, not surprisingly, took a beating last year. Tesla for example said in aregulatory filingthis week that it registered a $204 million impairment loss on its Bitcoin holdings in 2022. As the cryptocurrency plunged, itsold 75% of its holdingslast year.
Meanwhile few governments were eager to follow the lead of El Salvador, which in 2021 became the first country toadopt Bitcoin as legal tender. A Bloomberg article in November last yearcarried the headline, “El Salvador’s $300 Million Bitcoin ‘Revolution’ Is Failing Miserably.”
“Other countries will probably not move as quickly as they might have if El Salvador had had a grand swoosh right off the bat,” said Wood. “We do think it will happen, it’s just we’ve pushed it out a bit.”
As for why it will happen, she noted the inflation and fiscal crises people have suffered due to governments’ monetary responses to the pandemic. “Well, where do these people go for an insurance policy against an implosion in their purchasing power and wealth? It is in something like Bitcoin. Bitcoin is an insurance policy,” she said.
Wood acknowledged that 2022 was a “terrible year for everything crypto.” But she said it was “the centralized, opaque players” like crypto exchange FTX that went bankrupt. Bitcoin, by contrast, “is a rules-based digital monetary system, and it’s global, and there’s no human intervention,” she added.
FTX founder Sam Bankman-Fried didn’t like Bitcoin because “it’s transparent and decentralized. He couldn’t control it,” Woodsaid in December.
Wood is sticking to herpredictionthat Bitcoin will see a rapid rise in value in the coming years. In five years, she said, it will hit “roughly $670,000, something like that, and then by 2030, as we see more use cases and more of these insurance policies taken out against fiscal and policy regimes that are not healthy, we think it could pass $1 million.”
Plenty of doubters have questioned her prediction. As Bloomberg host Carol Massar noted to Wood, “People are saying to me, ‘Really? Does she really stick to this?’”
Mark Mobius, the billionaire cofounder of Mobius Capital Partners,predicted in Decemberthat Bitcoin would fall to $10,000 at some point this year.
And this week, Warren Buffett’s right-hand man Charlie Munger argued in aWall Street Journalop-edthat a “cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house.”
Munger, who once called Bitcoin “rat poison,” said the U.S.should follow China’s leadand pass laws that prevent both crypto trading and the formation of new cryptocurrencies.
This story was originally featured onFortune.com
More from Fortune:Olympic legend Usain Bolt lost $12 million in savings to a scam. Only $12,000 remains in his accountMeghan Markle’s real sin that the British public can’t forgive–and Americans can’t understand‘It just doesn’t work.’ The world’s best restaurant is shutting down as its owner calls the modern fine dining model ‘unsustainable’Bob Iger just put his foot down and told Disney employees to come back into the office...
- Reddit Posts (Sample): [['u/thadiusb', 'Was today a bit of a Bitcoiner’s wet dream?', 25, '2023-03-11 00:51', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/', 'So, a bank basically collapsed. Wells Fargo is doing some shady shit with deposits (conveniently heading into the weekend). Many unrealized losses on the books of all the big banks. The system cracking at a faster pace now.\n\nBitcoin is down again, yes, but 3 potential things can come of this.\n\nFirst is bailouts. Honestly I was a little surprised a bailout didnt come of Silicon Valley Bank. The start-up community is REKT. No one wanted to step in and help? Crazy. But with bailouts comes the ol’ money printer that would send Bitcoin right back up again.\n\nSecondly. No bailouts. Whoever survives, survives. Breadlines. Mass depression. Mass job loss. Hyperinflation. Probably the least likely scenario. \n\nThird. War-footing economy. In order to save the legacy financial system, and prevent another Great Depression, America finally launches into World War 3. \n\nEither way, lots of people lose. But Bitcoin will win.\n\nThis is a Bitcoiner’s wet dream. \n\nBitcoin was created as a result of the Great Recession. Now we have Bitcoin to guide us through the next Great Recession, or whatever consequences come of this.\n\nJust thoughts from a Bitcoiner.', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/', '11o4wn6', [['u/woodgraintippin', 17, '2023-03-11 00:56', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbqraxg/', 'Too bad these crypto companies spent so much time falsely associating their centralized scamcoins with bitcoin, and doing everything they can to to unsolve the byzantine emperors problem by merging to proof of stake. Most normies don\'t know what their life raft is anymore. \n\nI\'m also not pleased by people losing access to their money. Regardless of these events reconfirming my own beliefs in Bitcoin. So no, not a "wet dream"', '11o4wn6'], ['u/escape1979uk', 13, '2023-03-11 10:29', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbscuzp/', "You're getting ahead of yourself \n\nA tech startup engaged in basically shadow banking collapsed, not a high street bank that is propped up by government \n\nIt was nowhere near as dystopian as you make it sound \n\nHigh street banks do shady shit all the time... and they get away with it because of the sheer volume of assets they manage \n\nWhen BAML, Citi, HSBC etc start to crack at the seams, then you might be warranted with your level of glee at peoples suffering and misery", '11o4wn6'], ['u/bitcorner22', 13, '2023-03-11 12:09', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbsjrl6/', 'tiny? It\'s a top 20 bank and the second largest bank failure in US history.\n\nthe reason why they became insolvent is also very interesting, they held "risk free" treasury bonds that lost so much value that they became insolvent. How many other banks hold the same bonds?', '11o4wn6']]], ['u/Small_Cap_Finder', '1 Bitcoin or higher income?', 18, '2023-03-11 01:28', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/', "You've got an extra $25k and BTC is $20k right now. Would you rather:\n\nA) Buy 1 Bitcoin\n\nB) Get a CDL + a few months of cushion to land a job as a cementing operator for payment of $3k a week after taxes.", 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/', '11o5s6d', [['u/lostrapt', 108, '2023-03-11 01:38', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqwrgx/', 'B) first invest in yourself then invest in bitcoin', '11o5s6d'], ['u/Deskrad', 10, '2023-03-11 01:39', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqwvwj/', '3k a week after taxes to push a cement truck? Are you fucking kidding me? I design airplane and rocket components and make 2/3s that a week?', '11o5s6d'], ['u/gdmfsobtc', 16, '2023-03-11 01:55', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqyxq7/', "B, it's a no-brainer.", '11o5s6d'], ['u/RoyYourWorkingBoy', 11, '2023-03-11 02:22', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbr29zr/', 'B) All day long. Buy yourself a $1000 in btc and get a job with the rest.', '11o5s6d'], ['u/adigabusymind', 17, '2023-03-11 03:20', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbr9ffg/', 'I love this sub when it’s reasonable. And very strangely, most of the time it is.', '11o5s6d'], ['u/pantuso_eth', 14, '2023-03-11 03:33', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbrb3gg/', 'Enjoy it while it lasts. Just wait until ~$50k. No more reasonable posts then', '11o5s6d'], ['u/Comicaz3', 16, '2023-03-11 03:37', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbrbjr9/', 'The best lesson here, honestly. Joining the military sucked for short term pains but paid off for long term gains making six figures', '11o5s6d']]], ['u/SVXYstinks', 'This is the moment Bitcoin is supposed to shine, right?', 98, '2023-03-11 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/', 'So Satoshi made Bitcoin in response to the Great Financial Crises and that having a fixed supply of “currency” was the only way for any economy to be fair.\n\nI was told for the last few years that when the fiat banking system faces severe stress, like what is happening right now, Bitcoin is going to save the day and be the safe haven.\n\nSo my question is, why haven’t we pumped? This seems like the closest we’ve been to the reason Bitcoin was created in the first place, shouldn’t people be starting to convert their money to Bitcoin? Or is it going to be a slow process?\n\nSeems like the options are either people move over to crypto or QE starts, both of which seems extremely bullish for us.', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/', '11o6yl1', [['u/friedballbag', 26, '2023-03-11 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr32af/', 'Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. The current inflation is being caused by demand in supply, disruption of food supply and energy. Long term wise Bitcoin looks positive but currently not so much.', '11o6yl1'], ['u/already_night', 39, '2023-03-11 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3b33/', "Does it look like BTC isn't shining? Shit was 0.01$ when it was made. It's 20k now. Idk about you, but that's a fucking supernova shining.", '11o6yl1'], ['u/Smiling_Jack_', 22, '2023-03-11 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3jxc/', 'Nailed it.\n\nBTC is a hedge against currency debasement, which is not the same thing as inflation.', '11o6yl1'], ['u/astockstonk', 79, '2023-03-11 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3l6k/', '1 Bitcoin is literally worth $20,000. \n\nSeems to be doing ok if you ask me. Would hate to see what things looked like if Bitcoin was actually performing terribly and we saw that value reduced to rubble overnight.', '11o6yl1'], ['u/Intfamous', 113, '2023-03-11 02:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4c1r/', '"pump" isnt the reason BTC was created...', '11o6yl1'], ['u/[deleted]', 17, '2023-03-11 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4q1o/', 'what about the sensationalized "crypto blood bath" and "crypto ice age" headlines? weve been waiting to use them for 3 months', '11o6yl1'], ['u/Cryptizard', 38, '2023-03-11 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4wjx/', '>having a fixed supply of “currency” was the only way for any economy to be fair.\n\nHow is that fair? It means that early adopters are inherently preferred and later adopters are penalized. Don\'t confuse "fair" with "profitable for me."', '11o6yl1'], ['u/kyles08', 37, '2023-03-11 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr55lm/', "Crypto as an alternative to the banking system, doesn't work when the crypto companies rely on the banking system.", '11o6yl1'], ['u/zoomercoomer9000', 10, '2023-03-11 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr7d2p/', "Feel like I'm getting a free lesson in economics here.\n\n> Debasement refers to lowering the value of a currency. It can happen if a government prints more money, increasing the money supply without a corresponding increase in output.\n\nThanks to you and Professor Friedballbag.", '11o6yl1'], ['u/Bucksaway03', 11, '2023-03-11 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbre92x/', "But it's the reason most are here", '11o6yl1'], ['u/liveaskings', 54, '2023-03-11 04:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrh50m/', 'A pump was how I was created...', '11o6yl1'], ['u/liveaskings', 13, '2023-03-11 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrhgk4/', 'The type of rise any asset would dream of', '11o6yl1'], ['u/Intfamous', 19, '2023-03-11 04:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbriwuk/', 'me2 but its more like a pump AND dump', '11o6yl1'], ['u/Nanaki_TV', 13, '2023-03-11 05:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbroj09/', 'I too am adopted.', '11o6yl1'], ['u/KhanMichael', 10, '2023-03-11 05:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrq6b4/', "That's a splash n' dash", '11o6yl1']]], ['u/hyperinflationUSA', 'Fiat bank users with more than 12 BTC just lose the rest if the bank goes bankrupt. Living in the past must be crazy.', 48, '2023-03-11 03:20', 'https://www.reddit.com/r/Bitcoin/comments/11o8635/fiat_bank_users_with_more_than_12_btc_just_lose/', "If you got 100 BTC stored at the bank in fiat currency and they go bankrupt, they only return 12 BTC worth of fiat currency, that's crazy they called it FDIC insurance.", 'https://www.reddit.com/r/Bitcoin/comments/11o8635/fiat_bank_users_with_more_than_12_btc_just_lose/', '11o8635', [['u/Fakarie', 10, '2023-03-11 04:04', 'https://www.reddit.com/r/Bitcoin/comments/11o8635/fiat_bank_users_with_more_than_12_btc_just_lose/jbresvv/', "Luckily, that's not what op said.", '11o8635'], ['u/Fear_Blind83', 14, '2023-03-11 04:29', 'https://www.reddit.com/r/Bitcoin/comments/11o8635/fiat_bank_users_with_more_than_12_btc_just_lose/jbrhmn0/', 'The FDIC insured threshold is only $250k\n\nSo if you keep more than $250,000 in cash at a single bank, then you run the risk of losing some of those funds if your bank fails\n\nCool huh 🙄', '11o8635']]], ['u/cookmanager', 'Keep a minimal amount in bank accounts', 18, '2023-03-11 03:54', 'https://www.reddit.com/r/Bitcoin/comments/11o8uql/keep_a_minimal_amount_in_bank_accounts/', 'Only put in banks what you can afford to lose. As for the rest, put in bitcoin\n\nBank failures?\n\n:Everythingisfine.gif:', 'https://www.reddit.com/r/Bitcoin/comments/11o8uql/keep_a_minimal_amount_in_bank_accounts/', '11o8uql', [['u/Umpire_State_Bldg', 16, '2023-03-11 04:07', 'https://www.reddit.com/r/Bitcoin/comments/11o8uql/keep_a_minimal_amount_in_bank_accounts/jbrf4an/', 'I disagree. \n\nHere\'s why: it is wise to maintain an *emergency cash cushion*. \n\nYou might lose your job through no fault of your own; the paychecks stop rolling in. You need money to pay your living expenses until you find your next job. Or, you have some other sort of financial emergency: A sick pet, an injury, a serious car repair, etc. \n\nIf you\'re thinking, "I\'ll just sell some Bitcoin in that case," think again. Suppose you bought Bitcoin for $45K, and tomorrow you need to pay for a financial emergency - you\'ll have to sell your Bitcoin for a loss, because you don\'t have any money in the bank. So you sell for $19K, and then Bitcoin rockets back up, past $45K and tops $100K... Hello? \n\nFinancial emergencies are not "if," rather, "when". Be prepared, or be stupid.\n\n*"But the bank might fail..."* Simple remedy, don\'t store more than $250K in any bank - you\'ll be covered by FDIC. If your emergency cash cushion needs to be bigger than $250K, you\'ll just have to open accounts at two or more banks.', '11o8uql']]], ['u/sgtslaughterTV', "75% of /r/CC readers haven't been around for this tidbit: there was a time when tether (USDT) lost its peg in 2018 for about a week.", 57, '2023-03-11 04:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11o9yeo/75_of_rcc_readers_havent_been_around_for_this/', 'So quick tangent: the subreddit\'s subscriber count really began to pick up at the end of 2020 to the end of 2021. Maybe 80% of the reader count we have now joined back then. \n\nhttps://imgur.com/a/0QGz7lh \n\nI remember the day when tether lost its peg nearly 5 years ago. They still recovered... This is not financial advice, but whether or not we can and will see USDC recover, well that\'s a different story. I sincerely hope they do recover because they seems to have a more "legit" business story and background than tether. \n\nEDIT：Coinbase has suspended USDC converatibility to USD: https://twitter.com/coinbase/status/1634399032767307776?s=46&t=ndTL4Q7evm-vuNA-KeGTtQ \n\nIt amazes me how many people have shown up in this thread that just say "oH bUt UsT wAs A sTaBlEcOiN aNd It WeNt To ZeRo." without understanding backing by assets. USDC is -supposedly- pegged 1 to 1 on the USD. Tether is backed by a mix of cash reserves (at 70% of market cap) and paper investments.\n\nEDIT 2: Binance has temporarily stopped USDC to BUSD auto-conversions for the time being - https://twitter.com/binance/status/1634361554543030273?s=46 \n\n#NOT FINANCIAL ADVICE: \nMy own opinion is that this might be resolved in a week or two (DO NOT TRADE BASED ON THIS ADVICE). Somehow this reminds me of the "bitcoin inflation bug" early on in like 2010 that required coordination from multiple parties to create a rollback to a safer block state and a patch to fix: https://decrypt.co/39750/184-billion-bitcoin-anonymous-creator \n\nEDIT 3: /u/me-you-and-nothing has pointed out that in the beginning there were times USDC broke its peg in a positive trend (greater than 1 USD per USDC) if you go far enough back on its chart on Coingecko / CMC - https://www.coingecko.com/en/coins/usd-coin', 'https://www.reddit.com/r/CryptoCurrency/comments/11o9yeo/75_of_rcc_readers_havent_been_around_for_this/', '11o9yeo', [['u/mikeloptiffle', 10, '2023-03-11 04:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11o9yeo/75_of_rcc_readers_havent_been_around_for_this/jbrkgq3/', "Usdt depegged when the whole ust/Luna thing happened too, that's fresher.", '11o9yeo'], ['u/Concept-Plastic', 15, '2023-03-11 04:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11o9yeo/75_of_rcc_readers_havent_been_around_for_this/jbrkp2s/', 'These depeg articles give me PTSD since i suffered the USDT depeg, lost thousands in it', '11o9yeo']]], ['u/LeThaLxdARk', "I'm afraid we have some bad news", 422, '2023-03-11 05:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/', 'USDC has lost it\'s peg, this could be one of those black swan events that could collapse not only USDC, but crypto as a whole, hopefully it\'s going to go back up, if it doesn\'t...we are in for a rough ride, most of you will say "yeah give me cheap btc" the problem is, you won\'t even buy it no matter how low it\'s going to go lol\n\n&#x200B;\n\nUSDC dropped as low as 0.91$ and now it\'s hovering around 0.93$, hopefully it\'s just a flash drop, because if USDC will drop...the only alternative USDT is not convenient at all, I\'d rather hold no stable coins than hold USDT ngl\n\n[https://www.coingecko.com/en/coins/usd-coin](https://www.coingecko.com/en/coins/usd-coin)\n\nFor crypto\'s sake we should all hope this goes back to 1$ or else...summer is going to be cold af\n\nIt really sucks for us, USDC holders who thought this is a bit safer than USDT, if it collapses first then sayonara.\n\nWhat do you guys think will happen next? Doesn\'t look good :D\n\n&#x200B;\n\nthanks to [**LongjumpingMiddle850**](https://www.reddit.com/user/LongjumpingMiddle850/) we just realised DAI lost the peg too', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/', '11oaf7l', [['u/Odlavso', 119, '2023-03-11 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrmwy5/', 'Coinbase pausing conversion of USDC to USD over the weekend.\n\n', '11oaf7l'], ['u/LeThaLxdARk', 27, '2023-03-11 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrmxrx/', "And no, it's not just some exchanges that have it de-pegged, it's all of them...", '11oaf7l'], ['u/LeThaLxdARk', 10, '2023-03-11 05:17', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrn0bb/', "doesn't look too good", '11oaf7l'], ['u/jhung713', 18, '2023-03-11 05:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrn3wo/', 'Ironically USDT currently is the stablest of the stablecoins', '11oaf7l'], ['u/PsieSyrenki', 718, '2023-03-11 05:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrn8a8/', 'It would be fucking ironic, if Tether will be the last standing stablecoin.', '11oaf7l'], ['u/robbie5643', 73, '2023-03-11 05:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrnsxa/', 'I think people are over reacting to safeguards Coinbase is putting in place to prevent a major issue, and interpreting it as there already is one. We’ll see what happens next week when (if) they resume conversions.', '11oaf7l'], ['u/-l0Lz-', 15, '2023-03-11 05:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrnw8u/', 'This is meme world we are living in after all.', '11oaf7l'], ['u/OutTop', 16, '2023-03-11 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbro1b8/', 'Brings back memories', '11oaf7l'], ['u/Distinct_Breakfast97', 10, '2023-03-11 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbro3dg/', 'Omg. I wished this this was a comedy post. I Am on top of the mountain, hiking. i dont have my trezor rn.', '11oaf7l'], ['u/itcouldbefrank', 20, '2023-03-11 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbro43k/', 'Everyone relax, big names behind USDC, they will absorb the damage. Repeg could take some time most likely. This is not FTX, uninsured clients will get a good portion of their money back so the damage will end up being a few hundred millions.', '11oaf7l'], ['u/Ab2us', 51, '2023-03-11 05:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbro7uo/', 'So crypto is closed for the weekend 😂', '11oaf7l'], ['u/RunTheBull13', 47, '2023-03-11 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrobi8/', '"Decentralization"', '11oaf7l'], ['u/Bar98704', 19, '2023-03-11 05:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbroluo/', "Sell everything guys, it's over", '11oaf7l'], ['u/PrestigiousAd5646', 42, '2023-03-11 05:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbromne/', 'Completely overblown. USDC is going to be fine. Wildness this weekend, but ain’t know way circle and it’s backers are going down here.', '11oaf7l'], ['u/deathbyfish13', 11, '2023-03-11 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbroran/', 'Nothing but red flags as far as the eye can see', '11oaf7l'], ['u/Wonzky', 10, '2023-03-11 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrovj2/', "Has any stablecoin actually recovered after losing it's peg by that much?", '11oaf7l'], ['u/DMCarter_', 25, '2023-03-11 05:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrozu6/', 'DAI appears to have 50% of its reserves as USDC (and even more when you include the USDC in the DAI/USDC pool in UniswapV3). It is affected by USDC.\n\n[daistats.com/#/](https://daistats.com/#/)\n\nThis is exactly what happens when a "decentralized" stablecoin uses a trusted asset as reserves. As for USDC itself, maybe the crypto community will now wake and see why a trusted currency may not be the best idea (almost like trustlessness was supposed to be a part of crypto from the beginning...)', '11oaf7l'], ['u/DMCarter_', 18, '2023-03-11 05:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrp4ne/', "Yep, I've seen the same people tout for decentralization have no problem using a centralized stablecoin.", '11oaf7l'], ['u/Gwlt96', 47, '2023-03-11 05:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrp5we/', "Give me cheap crypto. And yes I'll buy. You don't speak for me.", '11oaf7l'], ['u/BlubberWall', 43, '2023-03-11 05:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpa78/', 'Converting a token on a CEX has never been decentralized, you can still very much send USDC on chain or use a DEX', '11oaf7l'], ['u/zoomercoomer9000', 12, '2023-03-11 05:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpdcc/', 'USDC has a $40 billion market cap. Under NYDFS policy, the token must be backed 1:1 by US Dollar equivalent to remain a licensed stablecoin.\n\nUSDC reserve breakdown:\n\n* $30 billion in US Treasury Bonds\n\n* $10 billion in fiat\n\nExposure to Silicon Valley Bank collapse:\n\n* $3.3 billion or 33% of its liquid fiat reserves\n\nOnce word of this exposure spreads, thousands of people try to dump their USDC all at once. And here we are now.', '11oaf7l'], ['u/Acidhoe', 14, '2023-03-11 05:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpf5q/', "I'm not 100% sure it'll be fine, but I'm sure enough that I just swapped into usdc at .95. Either me or you is going to have a great weekend, but probably not both.", '11oaf7l'], ['u/zephyr2015', 13, '2023-03-11 05:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpfe6/', 'DAI has I believe', '11oaf7l'], ['u/compressionwaves', 30, '2023-03-11 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrplyr/', 'looking at USDC chart at the max time frame ... this looks real real bad. Actual cliff drop', '11oaf7l'], ['u/Stamipower', 16, '2023-03-11 05:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrppjj/', "USDT is laughing on all of us. \n\nLet's put our helmets on guys. It's gonna be a bumpy ride.", '11oaf7l'], ['u/ablablababla', 29, '2023-03-11 05:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpskp/', 'Shows how unpredictable crypto is', '11oaf7l'], ['u/Bar98704', 10, '2023-03-11 05:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpsnb/', "I'm sick of everything stinging lately. It's Death by a thousand cuts", '11oaf7l'], ['u/MaeronTargaryen', 13, '2023-03-11 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpzrs/', 'It kind of makes sense. Stable coins are all about redeeming for dollars, if there’s a bank run on a stablecoin, most of the dollars are in a bank, not in the CEX’s vault. If the bank is closed they can’t handle the bank run even if theoretically there’s enough money to cover it in the bank. \n\nIt’s hella centralized though, but we don’t buy stablecoins for their tokenomics', '11oaf7l'], ['u/Walternotwalter', 97, '2023-03-11 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrpzs3/', "Blackrock and Fidelity have $400M invested in circle.\n\nThis is an opportunity for degen arbitrage. I don't see how it goes out like this.\n\nCircle is better backed than Tether. The bank shit will take time to get sorted. At worst they will get a bridge loan for a month or two imo.", '11oaf7l'], ['u/milonuttigrain', 10, '2023-03-11 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrq9sl/', 'Aka the Cryptoverse. We are still better than Metaverse.', '11oaf7l'], ['u/BlubberWall', 19, '2023-03-11 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrqd5a/', 'That’s true, but that’s not what’s happening here. A CEX converting coins never claims to be decentralized', '11oaf7l'], ['u/The_Ry_Ry', 304, '2023-03-11 05:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrqggc/', 'Never doubt the tenacity of organized crime.', '11oaf7l'], ['u/cheekeong001', 72, '2023-03-11 05:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrr3yd/', 'despite years of FUD, Tether still standing tall. You might hate cockcroach, but it may still survive in nuclear apocalyse, Tether is DAT cockcroach', '11oaf7l'], ['u/owencox1', 11, '2023-03-11 05:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrr542/', 'yup:\n\nBabel, CoinFlex, CoinDCX, Vauld, 3AC, Celsius, Voyager Digital, FTX, genesis, silvergate all died\n\nTERA, LUNA, SQUID, FTT, next USDC dead\n\nnft market down >95%\n\nthat\'s the story of crypto the past 2 years. now the centralized banks are blowing up, but sure, "it\'ll sting and we\'ll be fine" yeah if you sell lmao', '11oaf7l'], ['u/samer109', 14, '2023-03-11 06:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrrr3l/', 'Amazing that USDT held on and BUSD and USDC are the one struggling now. Who would have thought..', '11oaf7l'], ['u/Inevitable-Advice712', 17, '2023-03-11 06:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrrvuq/', '"When banks open on Monday"\n\nhttps://twitter.com/coinbase/status/1633222932255358976\n\nBitch what?', '11oaf7l'], ['u/agnosticautonomy', 14, '2023-03-11 06:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrs308/', 'I bought more at 93 cents. It is going back to 1.00.. too many people are involved in it', '11oaf7l'], ['u/PsieSyrenki', 10, '2023-03-11 06:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrsbto/', 'Ironically USDT recovered from below 0.9$ depeg', '11oaf7l'], ['u/liveaskings', 49, '2023-03-11 06:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrsctj/', '\n\nEveryone looking at Tether right now...', '11oaf7l'], ['u/liveaskings', 12, '2023-03-11 06:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrshxm/', 'Will be a hell of a sale if it falls', '11oaf7l'], ['u/MattFirenzeBeats', 27, '2023-03-11 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrslst/', 'Circle only held 3.3B in SVB. They still have 37B in liquidity. They released a tweet on this. SVB didn’t go bankrupt, so we have to see how everything plays out.', '11oaf7l'], ['u/Said9788', 21, '2023-03-11 06:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrsnyb/', 'Usdc holds 3 billion in assets in their svb compared to their 41 billion portfolio.', '11oaf7l'], ['u/Bucksaway03', 10, '2023-03-11 06:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrsozm/', 'Who thought stablecoins were decentralised?', '11oaf7l'], ['u/Concept-Plastic', 133, '2023-03-11 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrsug5/', 'All this time, we gave USDT so much shit. Turns out they are the stable ones.', '11oaf7l'], ['u/LeThaLxdARk', 17, '2023-03-11 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrswk0/', 'Honestly at this point I hope coinbase will be the good guy and save the situation', '11oaf7l'], ['u/piman01', 75, '2023-03-11 06:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrt40q/', 'Consider keeping some good ol USD guys', '11oaf7l'], ['u/The_Ry_Ry', 29, '2023-03-11 06:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrt4ex/', 'The irony is as palpable as the fear.', '11oaf7l'], ['u/No-Mission-962', 24, '2023-03-11 06:20', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrtcw5/', 'Only 10Billion is in cash. So that 3 Billion makes 30% of their cash reserves. So technically they are left with only 7B cash reserves. I can see a bank run happening vote Monday and 7B will probably not be enough.', '11oaf7l'], ['u/Odlavso', 28, '2023-03-11 06:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrty59/', 'is this financial advice?\n\nI should buy USDC at 94 cents and make an instant 6 cents in profits by next week?', '11oaf7l'], ['u/Smp208f', 14, '2023-03-11 06:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbru4o1/', 'This is my feeling as well. Supposedly the gap in assets vs deposits at SVB is only 8% (admittedly haven’t been able to locate a reliable source on that, but I’m seeing it all over social media) and FDIC actually has an excellent track record of efficiently taking over banks and reopening by the end of the weekend.\n\nThere has *never* been a single bank the FDIC took over where funds weren’t fully available to every account, regardless of whether the account was over the $250k FDIC insurance limit. If that’s not true this time, we might have much bigger things to worry about than USDC.', '11oaf7l'], ['u/No-Mission-962', 10, '2023-03-11 06:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrug63/', "Yeah remaining are treasure bond which is cash equivalent, and that has 36 days wait time for claiming. I don't think when people get the fear are willing to wait 36 days for Circle to convert the treasury bonds to cash. So I can see the 7B cash running out pretty quick.", '11oaf7l'], ['u/LATech99', 29, '2023-03-11 06:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbruhew/', 'It’s either going to a dollar or zero. Max upside 9%… I like the bets with unlimited upside…', '11oaf7l'], ['u/GabeSter', 61, '2023-03-11 06:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrupkt/', 'Of the top 4 stablecoins.\n\n* Tether\n\n* Usdc - depegged and dropping \n\n* BUSD - under legal scrutiny\n\n* DAI - partially backed by USDC.\n\n\nRip all of us.', '11oaf7l'], ['u/deathbyfish13', 21, '2023-03-11 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrv22l/', 'Everyone lived in harmony, until the Tether nation attacked', '11oaf7l'], ['u/Smp208f', 82, '2023-03-11 06:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrvaya/', 'They claim they’re doing it because they don’t have enough USD on hand to pay everyone 1:1 for their USDC and can’t get more USD while banks are closed over the weekend, which makes perfect sense.\n\nIronically, the reason FDIC takes over banks on Fridays is so they have the weekend to get everything in order and reopen on Monday without interruption to customers, but we’re panicking because crypto is 24/7/365.', '11oaf7l'], ['u/niloony', 32, '2023-03-11 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrvl4c/', "Yep, risk free, can't go wrong. /s", '11oaf7l'], ['u/wanderer00002020', 11, '2023-03-11 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrvlp4/', 'Yea, if it falls I would believe some of the 10k BTC predictions.', '11oaf7l'], ['u/spankydave', 28, '2023-03-11 06:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrwlfq/', "If you buy twice that, you'd make 12 cents profit!", '11oaf7l'], ['u/cahphoenix', 26, '2023-03-11 06:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrwlgu/', "Doesn't really matter. \n\nIf people try to exchange out of USDC en masse and there's not enough liquidity... it's a problem. \n\nUSDC also invests in treasuries, so if you add 3.3b to however much illiquid assets they hold we have the beginnings of another liquidity crisis.", '11oaf7l'], ['u/brybts', 11, '2023-03-11 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrx0i4/', 'No one wants to run the numbers. If SVB literally has zero assets then the worst case is USDC is 90+% backed, even if they have to dispose of some bonds at a small discount to cover withdrawal. It would kill Circle and USDC, and redemptions would take time while Circle undergoes insolvency proceedings, but we know the assets exist based on public filings.', '11oaf7l'], ['u/l_ft', 11, '2023-03-11 07:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbrxhj6/', 'Bates the question, why', '11oaf7l'], ['u/pbjclimbing', 20, '2023-03-11 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbryad6/', 'If you are looking to get out of USDC\n\nCronos has the most liquidity and is currently trading 1 USDC to 0.989 USDT.\n\nThere is also about 3% arb profits available (it is my bedtime so I am done trading this tonight so I am sharing).', '11oaf7l'], ['u/GreenStretch', 127, '2023-03-11 07:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs0489/', 'Uh, fuck, I thought I was clicking on a comedy post.', '11oaf7l'], ['u/Dwaas_Bjaas', 19, '2023-03-11 07:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs0hwg/', 'For now.. If there’s no more stablecoins left we’re in for a long dark crypto winter', '11oaf7l'], ['u/HODL-THE-LINE', 18, '2023-03-11 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs1pnr/', 'Palpatine would say "*Ironic*"', '11oaf7l'], ['u/rich_a17', 17, '2023-03-11 08:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs28de/', "USDC: We'll dig our way out!\n\nDAI: No, no, dig UP, stupid!", '11oaf7l'], ['u/Neither_Amphibian374', 12, '2023-03-11 08:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs3tap/', "So what? The money is still there. The only thing there is is chumps selling at a loss while they don't have to. It's pure panic for nothing.", '11oaf7l'], ['u/Zwiebel1', 32, '2023-03-11 08:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs57j9/', 'I have been saying this from day 1. Who do you trust the most to survive? The guys who had never seen a real struggle or the guy who got beaten up with FUD his entire lifetime and somehow always came out ahead?', '11oaf7l'], ['u/MaximumSandwich5', 69, '2023-03-11 08:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs5dh9/', 'Scary thing is that USDC holders were technically holding USD (in Silicon Valley Bank), but the traditional banking system failed them. What a rip.', '11oaf7l'], ['u/genjitenji', 26, '2023-03-11 08:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs6296/', 'We’ve been hurt too many times by “reassurances” before an almost hilarious collapse', '11oaf7l'], ['u/tambaybtc', 10, '2023-03-11 09:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs7l66/', 'At the time of posting USDC is %11 down to $0.886 \nColdest summer ever is coming 🥶', '11oaf7l'], ['u/Kindly-Wolf6919', 27, '2023-03-11 09:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs7lzp/', 'Tether be that one girl in high school who the kids bullied for her looks but then you see her in college looking like a model.', '11oaf7l'], ['u/Drogon__', 10, '2023-03-11 09:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbs903r/', "Maybe they are already secretly insolvent and we don't know. All it takes is a serious allegation about insolvency and the bank run is a certainty. No one in their right mind trusts USDT.", '11oaf7l'], ['u/shib_army', 18, '2023-03-11 10:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsb1xi/', "Busd is fading usdc is depeg and you guys were saying stay away from shady usdt. \n\nFrom now I'll do opposite what you guys say", '11oaf7l'], ['u/French_physicist', 12, '2023-03-11 11:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsftd0/', 'Positive thing is this could make people realize why crypto is needed in the first place... Perhaps not that bad of a black swan event', '11oaf7l'], ['u/jsdod', 12, '2023-03-11 11:52', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsijtz/', '“Deploying more capital—steady lads,”', '11oaf7l'], ['u/Loose_Screw_', 12, '2023-03-11 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsj1b1/', "Except they don't exist. You can't have a decentralised coin backed by a centralised fiat currency. It always has to lead back to centralisation at some point.", '11oaf7l'], ['u/Loose_Screw_', 19, '2023-03-11 12:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsjacq/', "Just so you know, $400M is roughly 0.004% of BlackRock alone's assets under management. \n\nTo put this in context, if your net worth was $1M, this would be like losing $40.\n\nI don't disagree there's a decent arbitrage play in here though. I think circle has above average odds of coming out of this.", '11oaf7l'], ['u/Lillica_Golden_SHIB', 13, '2023-03-11 12:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsmeok/', 'Organized crime, government... literally synonyms actually', '11oaf7l'], ['u/JustHereForPka', 11, '2023-03-11 12:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsmor9/', 'Fuck this sub is financial illiterate', '11oaf7l'], ['u/Icy-Profile-1655', 14, '2023-03-11 12:52', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsn0pw/', 'The situation highlights the difference between the traditional banking system and the crypto market, which operates around the clock.', '11oaf7l'], ['u/Unlikely-Swordfish28', 27, '2023-03-11 12:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbsnkgm/', 'This is the exact reason why bitcoin was created, to avoid requiring trust of a bank or risk of being debased by a government … the irony that we have cryptocurrencies backed by central bank issued USD so comical', '11oaf7l'], ['u/Lord-Nagafen', 12, '2023-03-11 15:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11oaf7l/im_afraid_we_have_some_bad_news/jbszo0a/', 'Yea my jaw just dropped. This could be real bad', '11oaf7l']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, March 11, 2023', 35, '2023-03-11 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/', '11ob97t', [['u/Essexal', 16, '2023-03-11 06:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbrw8ok/', 'If you’re sure we’re going to sub 15k in the moment, then wake up and decide we’re actually going back to 30k, you’re trading on emotion.\n\nThat is a good way to go broke!\n\nI closed some of my long last night on the wick to 20.9k.\n\nI’m adding more to it today. I will say it again.\n\nAnything under 20k is a steal.', '11ob97t'], ['u/DamonAndTheSea', 22, '2023-03-11 07:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbrx2jj/', 'USDC FUD is the new Tether FUD. Anyone comparing USDC to LUNA has a fundamental misunderstanding of how these two types of ‘stable’ assets differ. USDC is collateralized by real USD in banks on the order of 25% and the remaining 75% spread amongst treasuries. We know 3.3B of the the roughly $40B total USDC MC is tied up with SVB which is FDIC insured. [See tweet here for speculation on actual liabilities after the smoke clears.](https://twitter.com/adamscochran/status/1634406571944861697?s=20) \n\nEveryone has PTSD from the UST de-pegging but this is *actually* different. I don’t think USDC fails here, and I think arbs will step in if price falls much further as there will be a huge incentive by the opportunistic to buy dollars at a discount.', '11ob97t'], ['u/33virtues', 11, '2023-03-11 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbrx8ky/', "> With USDC insolvency fears rampant, users are fleeing to safety in other stables. Not all of them are going to make it there in one piece, however.\n\nHere's how one unlucky user paid $2,080,468.85 to receive $0.05 of USDT.\n\nhttps://twitter.com/bowtiedpickle/status/1634415551450587138\n\nlol one more reason to take a deep breath and step away from the keyboard until Monday", '11ob97t'], ['u/_TROLL', 10, '2023-03-11 07:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbrxrc6/', "> users are fleeing to safety in other stables. \n\nMakes zero sense. Flee to Bitcoin, or any other actual decentralized crypto, sure, beyond the reach of 'bank runs' and 'depegging'. But other stablecoins? meh.", '11ob97t'], ['u/xlmtothemoon', 19, '2023-03-11 07:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbs18rl/', 'how many black swans are we gonna have in this cycle?\n \nall of them', '11ob97t'], ['u/delgrey', 10, '2023-03-11 08:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbs28oq/', 'Some people think bitcoin has the same risk as any other crypto. USD is the only thing they trust and it will bite them in the rear eventually.', '11ob97t'], ['u/Duckbutter2000', 16, '2023-03-11 08:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbs32oe/', 'Jesus this is officially the worst bear market of them all. And I think the worst is yet to come.', '11ob97t'], ['u/Yodel_And_Hodl_Mode', 10, '2023-03-11 10:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbsbxql/', "As much as I DO believe in the future of Bitcoin, I don't believe in the future of stablecoins.\n\nUSDC appears to be recovering, but for how long?\n\nDAI took a plunge too, and it's recovering too, but for how long?\n\nAnd what about Tether? How many of you really believe that Tether is 100% backed? I've always had doubts.\n\nRegardless of whether or not these stablecoins survive the rest of this crypto winter, I won't be surprised if some of them collapse during the next.", '11ob97t'], ['u/btcluvr', 15, '2023-03-11 10:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbsc8au/', "lehman brothers will be fine. they're so reputable, established and have a sound history.", '11ob97t'], ['u/Yodel_And_Hodl_Mode', 15, '2023-03-11 10:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbsd2is/', '"Bear Stearns is Fine!" \n-- Jim Cramer', '11ob97t'], ['u/rotoken', 12, '2023-03-11 14:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbstwi4/', "In this case there are a lot more assets backing USDC so the situation is different.\n\nCircle claims they have 3.3B$ stuck in SVB, so for a 40B$ market cap that gives 0.9175$ per USDC if you assume all 3.3B$ are lost.\n\nAs long as Circle doesn't resume 1:1 USDC to USD conversions anything under 0.9175$ is free money. \n\nThe only problem is that if they resume conversions and they have a bank run the percentage of the stuck assets held in SVB will increase bringing the USDC to USD value down until USDC market cap reaches 3.3B$.\n\n\nIn my opinion what they should do is either cover the ~3.3B$ hole or resume 1 USDC to 0.9175 USD withdrawals so the haircut is evenly applied on all the USDC holders.", '11ob97t'], ['u/Westbrook_Level', 17, '2023-03-11 15:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbt500q/', 'Wow, if only there was a way to escape stablecoins into an asset you can store yourself and should have been buying since the bottom. Something decentralized, not tied to banks, and peer to peer, idk a **crypto**currency.', '11ob97t'], ['u/dopeboyrico', 12, '2023-03-11 16:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbt7u6p/', 'You’re omitting the part where the stablecoin is pegged to fiat currency which consistently loses purchasing power over time because fiat is printed into infinity.\n\nBTC has tons of downside risk in the short-term but it’s offset by tons of upside potential in the long-term.\n\nStablecoins have minimal downside risk in the short-term (though not zero as seen here) and virtually guaranteed downside risk in the long-term.', '11ob97t'], ['u/skkane1', 32, '2023-03-11 16:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbt9u31/', "Sell to USDC they said, it's american, highly regulated, no monkey business, etc... Chinese tether crap is a time bomb they said, LMFAO.", '11ob97t'], ['u/VictorCobra', 10, '2023-03-11 16:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbtejpr/', 'This nonsense doesn’t make me feel particularly comfortable trading, especially as my profits from shorting have gotten to the point where I’d be unhappy if I lost access to them. I’ve booked my gains from the volatility over the last couple weeks and withdrawn it all from the exchange. More than made up for my losses from the last time I day traded. Now to sit back and watch it burn. How are you all handling this? What a time.', '11ob97t'], ['u/thewardser', 16, '2023-03-11 18:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/11ob97t/daily_discussion_saturday_march_11_2023/jbto7vu/', 'closed my short from [$21,540](https://www.reddit.com/r/BitcoinMarkets/comments/11mja2o/daily_discussion_thursday_march_09_2023/jbk2yxs/) at $20,077 \n\nswitching to long from $20,088 with a stop loss a...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Vancouver --News Direct-- Allied PR Cryptocurrencies have grown in popularity. And with their rise in popularity, several investors have created passive income by riding this new wave. Rookies may need help to invest in cryptocurrencies. They are still learning this industry's ins and outs and testing the waters. Visit the official TeslaCoin Website Crypto trading is now made easier by the emergence of a plethora of crypto trading bots. Yet, not all of them in this highly competitive sector seem to be reliable. TeslaCoin is an auto trading bot that allows investors to benefit from the cryptocurrency market with little effort. According to its website, TeslaCoin is an automated trading tool that may help people profit by trading in the cryptocurrency market. The app aims to help traders sell and purchase four popular cryptocurrencies, namely, Bitcoin, Ripple, Ethereum, and Cardano. The creators claim that the app will help traders continuously benefit from the market by concentrating on minor, predictable price swings. All of these earnings are passed on to users. According to the website, traders may save a lot of time by letting the app do all the work like analyzing the market trends and identifying profitable trades, etc. It is worth mentioning here that TeslaCoin's website does not have any information regarding its prior success record. Nor does it have any customer testimonials. Nonetheless, the site claims to provide a demo account for traders to try out TeslaCoin without losing money on real trading. Another noteworthy promise made by the creators of TeslaCoin is that the site is absolutely free to use. TeslaCoin claims to have no account fees or transaction commissions. The only money needed to start a new account is a deposit of $250 to be used by the trader for real time trading. According to the Tesla Coin website, this trading platform employs AI to carry out crypto deals automatically. TeslaCoin uses the money deposited in the trader's account to initiate a deal. After the deal is completed, TeslaCoin exits the market and deposits the profits in the trader's account. Story continues Traders may hold on to the profits, withdraw them or use them for further transactions. Teslacoin's algorithm, like those of other similar crypto trading services, is most likely trained on years of crypto pricing data to enable the AI to find patterns that lead to predictable price changes in either direction. When the AI recognizes such patterns in current pricing data, it may initiate and close transactions depending on the way these patterns have previously played out. The website does not offer information regarding its previous trading performance. Traders may be able to utilize the platform's demo account to try out TeslaCoin and decide if the algorithm can consistently earn profits for them under current market trends. The platform has several distinctive features. The first is its trading function, which is completely automated. The Tesla Coin website claims that this trading platform can purchase and trade Bitcoin, Ripple, Ethereum, and Cardano entirely on its own. Traders do not need to take any action manually while using TeslaCoin. According to the website, traders simply need to sign in momentarily each day to monitor their accounts. This would significantly cut the amount of time traders would have to spend monitoring the cryptocurrency market. It promises to be suitable for both novice and expert cryptocurrency traders. This makes sense considering that users are expected to have little to no physical involvement. The app promises to do everything for the trader - from placing trades to closing them. According to TeslaCoin , a dedicated account manager has been allocated to each user. This account manager will help newbies in learning how to use the site. It has a good demo trading account. Anybody who wants to trade with TeslaCoin must utilize Teslacoin's demo trading capabilities. This account provides virtual money that allows users to buy and sell virtual currencies in a way similar to a real trading session. Users may learn about the platform and the bitcoin market by practicing on a demo trading account. Novice traders learn to make trades, learn from their mistakes, and get acquainted with the platform using only virtual currency. Even if consumers have prior crypto trading expertise, it is important to note that each platform is unique and operates in a different manner. It is critical to do a test run before trading in real time. According to the TeslaCoin website, all traders are given access to a proper trading account. This account may be used to analyze this crypto trading platform without risking funds in actual transactions. It also allows traders to study how the platform operates before jumping into actual trading. In addition to Bitcoin, the Tesla Coin app enables investors to trade some of the market's most popular altcoins, such as Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Bitcoin Gold, Ripple, IOTA, NEO, ADA, EOS, Dash, and ZCash. Traders can trade in several cryptocurrencies on the platform. Its versatility makes it more appealing to investors looking for greater opportunities with a number of options. The network of reliable brokers available on TeslaCoin assists investors through the whole trading process if complications arise. Each user is assigned a broker, who has a team of professionally competent individuals. Open Your Tesla Coin Account Now From The Official Site These brokers have a thorough grasp of the financial market and can start and execute transactions with laser precision. TeslaCoin traders may take advantage of expert brokerage services. Traders are free to withdraw funds from their accounts at any moment. Withdrawals are completed immediately, and funds are credited to the trader's account. TeslaCoin is distinctive among crypto trading platforms in that it claims to have no joining costs. According to the creators of TeslaCoin, traders will not have to pay account fees or give up a portion of their earnings to use TeslaCoin. It is unclear how TeslaCoin earns money, but this approach has the potential to be highly profitable to traders. In terms of registration, one of the most significant promises made by TeslaCoin on its website is the free-to-use platform. According to TeslaCoin, traders are not required to pay joining fees, trading commissions, or profit commissions. TeslaCoin additionally does not charge deposit or withdrawal fees. To open a new account with TeslaCoin, all traders must deposit at least $250. This money is not a joining fee. It is for traders to be able to trade real time. It funds their trades. If traders decide TeslaCoin isn't for them, they may withdraw their funds at any moment. The signup form is available at the top of the home page. People need to fill up this form to join the TeslaCoin platform. To open a new account, traders must provide their real names, a valid email address, and phone number. After the account is verified, funds will be needed. tobe added so that they can begin trading in real time.. Deposits may be made through bank transfer, debit or credit card. TeslaCoin claims that there are no deposit fees and that funds may be taken out at any time. TeslaCoin suggests that traders begin by using the site in demo mode. This is a chance to learn more about TeslaCoin and how the platform operates. Traders may also keep watching TeslaCoin's activities to learn and understand its performance in the present market. When traders are ready to start trading with real money, they may turn on live trading on the dashboard. Once enabled, TeslaCoin will instantly begin making transactions using money from a user's account. The profits from trades are paid to the trader's account once TeslaCoin concludes them. Traders can withdraw cash from their accounts at any moment. Withdrawals are handled instantly and are fee-free. Teslacoin's creators say that the trading platform uses artificial intelligence to make crypto deals automatically. It uses money from a trader's account to initiate a deal. After the deal is finished, TeslaCoin automatically exits and deposits all funds, including any gains, to the trader's account. Traders may then retain the funds in their account to be reused for future transactions, possibly compounding the value of their account. Alternatively, they might withdraw the gains to their bank accounts. There is no information about the success or win rate on the website. Therefore, users are cautioned to use the app carefully since crypto trading is risky and losing trades is unavoidable - newbies should only spend what they can handle losing. TeslaCoin traders should also be aware that earnings from cryptocurrency trading are taxable in several jurisdictions. According to the creators, joining this platform is absolutely free and includes a demo mode that allows users to test the platform before investing real money. Moreover, the trading platform concentrates on large cryptocurrencies, such as Bitcoin, which are known to be unstable and provide several options for fast-paced trading. Traders are advised to trade using a demo account in order to avoid losses. Traders with very few resources may benefit more. They may borrow funds from their broker and speculate to make more money than their budget would allow. This is also known as leverage trading, and it provides users with an edge. Moreover, the trading software is simple and free to use. To begin trading, the trader must first join by filling up the form on the home page and fund the trading account. The firm does not charge commissions or brokerage on transactions. The platform does not charge any withdrawal fees, and the trader may withdraw 100% of the winnings. According to the Tesla Coin creators of this digital trading platform, their customer support is always open for its consumers , and they may contact them at any time with questions. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Above content does not constitute investment advice nor promotes, suggests or presents Crypto products/NFTs to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity. Readers to exercise caution/due diligence, and comply with all applicable laws, including but not limited to taxation laws. Contact Details Melissa [email protected] View source version on newsdirect.com: https://newsdirect.com/news/teslacoin-launch-safe-tesla-coin-trading-software-app-with-customer-reviews-144426825", "Vancouver --News Direct-- Allied PR Cryptocurrencies have grown in popularity. And with their rise in popularity, several investors have created passive income by riding this new wave. Rookies may need help to invest in cryptocurrencies. They are still learning this industry's ins and outs and testing the waters. Visit the official TeslaCoin Website Crypto trading is now made easier by the emergence of a plethora of crypto trading bots. Yet, not all of them in this highly competitive sector seem to be reliable. TeslaCoin is an auto trading bot that allows investors to benefit from the cryptocurrency market with little effort. According to its website, TeslaCoin is an automated trading tool that may help people profit by trading in the cryptocurrency market. The app aims to help traders sell and purchase four popular cryptocurrencies, namely, Bitcoin, Ripple, Ethereum, and Cardano. The creators claim that the app will help traders continuously benefit from the market by concentrating on minor, predictable price swings. All of these earnings are passed on to users. According to the website, traders may save a lot of time by letting the app do all the work like analyzing the market trends and identifying profitable trades, etc. It is worth mentioning here that TeslaCoin's website does not have any information regarding its prior success record. Nor does it have any customer testimonials. Nonetheless, the site claims to provide a demo account for traders to try out TeslaCoin without losing money on real trading. Another noteworthy promise made by the creators of TeslaCoin is that the site is absolutely free to use. TeslaCoin claims to have no account fees or transaction commissions. The only money needed to start a new account is a deposit of $250 to be used by the trader for real time trading. According to the Tesla Coin website, this trading platform employs AI to carry out crypto deals automatically. TeslaCoin uses the money deposited in the trader's account to initiate a deal. After the deal is completed, TeslaCoin exits the market and deposits the profits in the trader's account. Story continues Traders may hold on to the profits, withdraw them or use them for further transactions. Teslacoin's algorithm, like those of other similar crypto trading services, is most likely trained on years of crypto pricing data to enable the AI to find patterns that lead to predictable price changes in either direction. When the AI recognizes such patterns in current pricing data, it may initiate and close transactions depending on the way these patterns have previously played out. The website does not offer information regarding its previous trading performance. Traders may be able to utilize the platform's demo account to try out TeslaCoin and decide if the algorithm can consistently earn profits for them under current market trends. The platform has several distinctive features. The first is its trading function, which is completely automated. The Tesla Coin website claims that this trading platform can purchase and trade Bitcoin, Ripple, Ethereum, and Cardano entirely on its own. Traders do not need to take any action manually while using TeslaCoin. According to the website, traders simply need to sign in momentarily each day to monitor their accounts. This would significantly cut the amount of time traders would have to spend monitoring the cryptocurrency market. It promises to be suitable for both novice and expert cryptocurrency traders. This makes sense considering that users are expected to have little to no physical involvement. The app promises to do everything for the trader - from placing trades to closing them. According to TeslaCoin , a dedicated account manager has been allocated to each user. This account manager will help newbies in learning how to use the site. It has a good demo trading account. Anybody who wants to trade with TeslaCoin must utilize Teslacoin's demo trading capabilities. This account provides virtual money that allows users to buy and sell virtual currencies in a way similar to a real trading session. Users may learn about the platform and the bitcoin market by practicing on a demo trading account. Novice traders learn to make trades, learn from their mistakes, and get acquainted with the platform using only virtual currency. Even if consumers have prior crypto trading expertise, it is important to note that each platform is unique and operates in a different manner. It is critical to do a test run before trading in real time. According to the TeslaCoin website, all traders are given access to a proper trading account. This account may be used to analyze this crypto trading platform without risking funds in actual transactions. It also allows traders to study how the platform operates before jumping into actual trading. In addition to Bitcoin, the Tesla Coin app enables investors to trade some of the market's most popular altcoins, such as Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Bitcoin Gold, Ripple, IOTA, NEO, ADA, EOS, Dash, and ZCash. Traders can trade in several cryptocurrencies on the platform. Its versatility makes it more appealing to investors looking for greater opportunities with a number of options. The network of reliable brokers available on TeslaCoin assists investors through the whole trading process if complications arise. Each user is assigned a broker, who has a team of professionally competent individuals. Open Your Tesla Coin Account Now From The Official Site These brokers have a thorough grasp of the financial market and can start and execute transactions with laser precision. TeslaCoin traders may take advantage of expert brokerage services. Traders are free to withdraw funds from their accounts at any moment. Withdrawals are completed immediately, and funds are credited to the trader's account. TeslaCoin is distinctive among crypto trading platforms in that it claims to have no joining costs. According to the creators of TeslaCoin, traders will not have to pay account fees or give up a portion of their earnings to use TeslaCoin. It is unclear how TeslaCoin earns money, but this approach has the potential to be highly profitable to traders. In terms of registration, one of the most significant promises made by TeslaCoin on its website is the free-to-use platform. According to TeslaCoin, traders are not required to pay joining fees, trading commissions, or profit commissions. TeslaCoin additionally does not charge deposit or withdrawal fees. To open a new account with TeslaCoin, all traders must deposit at least $250. This money is not a joining fee. It is for traders to be able to trade real time. It funds their trades. If traders decide TeslaCoin isn't for them, they may withdraw their funds at any moment. The signup form is available at the top of the home page. People need to fill up this form to join the TeslaCoin platform. To open a new account, traders must provide their real names, a valid email address, and phone number. After the account is verified, funds will be needed. tobe added so that they can begin trading in real time.. Deposits may be made through bank transfer, debit or credit card. TeslaCoin claims that there are no deposit fees and that funds may be taken out at any time. TeslaCoin suggests that traders begin by using the site in demo mode. This is a chance to learn more about TeslaCoin and how the platform operates. Traders may also keep watching TeslaCoin's activities to learn and understand its performance in the present market. When traders are ready to start trading with real money, they may turn on live trading on the dashboard. Once enabled, TeslaCoin will instantly begin making transactions using money from a user's account. The profits from trades are paid to the trader's account once TeslaCoin concludes them. Traders can withdraw cash from their accounts at any moment. Withdrawals are handled instantly and are fee-free. Teslacoin's creators say that the trading platform uses artificial intelligence to make crypto deals automatically. It uses money from a trader's account to initiate a deal. After the deal is finished, TeslaCoin automatically exits and deposits all funds, including any gains, to the trader's account. Traders may then retain the funds in their account to be reused for future transactions, possibly compounding the value of their account. Alternatively, they might withdraw the gains to their bank accounts. There is no information about the success or win rate on the website. Therefore, users are cautioned to use the app carefully since crypto trading is risky and losing trades is unavoidable - newbies should only spend what they can handle losing. TeslaCoin traders should also be aware that earnings from cryptocurrency trading are taxable in several jurisdictions. According to the creators, joining this platform is absolutely free and includes a demo mode that allows users to test the platform before investing real money. Moreover, the trading platform concentrates on large cryptocurrencies, such as Bitcoin, which are known to be unstable and provide several options for fast-paced trading. Traders are advised to trade using a demo account in order to avoid losses. Traders with very few resources may benefit more. They may borrow funds from their broker and speculate to make more money than their budget would allow. This is also known as leverage trading, and it provides users with an edge. Moreover, the trading software is simple and free to use. To begin trading, the trader must first join by filling up the form on the home page and fund the trading account. The firm does not charge commissions or brokerage on transactions. The platform does not charge any withdrawal fees, and the trader may withdraw 100% of the winnings. According to the Tesla Coin creators of this digital trading platform, their customer support is always open for its consumers , and they may contact them at any time with questions. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Above content does not constitute investment advice nor promotes, suggests or presents Crypto products/NFTs to solve financial difficulties/achieve financial security/act as an alternative to employment/income opportunity. Readers to exercise caution/due diligence, and comply with all applicable laws, including but not limited to taxation laws. Contact Details Melissa [email protected] View source version on newsdirect.com: https://newsdirect.com/news/teslacoin-launch-safe-tesla-coin-trading-software-app-with-customer-reviews-144426825", 'Welcome toThe Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign uphereso you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —Mary Ann\nDespite the economic turbulence of the past year, I think it’s safe to say that many of us did not see thesudden full-on implosionof Silicon Valley Bank coming. While we could have guessed the storied financial institution was struggling, we did not anticipate that it would shut down so soon after announcing said struggles. The impact of this event will be severe, widespread and -- for fear of being dramatic -- potentially catastrophic for many. Already, businesses are worried about making payroll, which could lead to unanticipated closures and layoffs. As one VC put it: "It\'s bad." Our hearts go out to all impacted.\nNatasha Mascarenhas and I talked to several competitors in the space and unsurprisingly, they’re seeing a ton of increased demand. You can read all about thathere. We also teamed up with other TC staff and talked to several founders who bank(ed) there to gettheir perspectives.\nOutside of TC’s multiple (and fabulously reported, if I may add) stories on the topic, which you can find bundledhere, there is some other chatter I’ve heard related to the news:\n• One fintech investor told me that he is aware of a single company that movedover $80 millionout of Silicon Valley Bank on Thursday.\n• Rippling co-founder and CEO Parker Conrad on March 10tweetedthat his company had historically relied on SVB for payments rails for its payroll and other products but in light of the news, “immediately accelerated a planned switch to JPMorgan Chase.” Later that day, he added that his company was not able to process payroll for some company\'s employees andissued an apology, noting that while future payroll runs will be processed with JPMorgan Chase, any payroll funds processed for the day\'s check date "were debited from clients earlier in the week," and that the company was "currently stuck with SVB, which is now in FDIC receivership."\n• Unlike many other VCs encouraging companies to move their money out of SVB, fintech-focused Restive Ventures’ Ryan Falvey urged people to“stay calm."\n• Some have speculated that a "bank run" ultimately led to SVB\'s demise.\n• Brazilian fintech Trace Finance launcheda new checking accountfor startups in the wake of the news. Via email, a spokesperson told me on Friday that balance withdrawals totaling$200 millionhad been initiated from SVB through Trace Finance since the news broke on Thursday, and that $100 million had already been moved from SVB and deposited in new checking accounts with Trace Finance. Customers for the new checking account include Rocket.chat, Mercado Bitcoin, Rentbrella, The Coffee, and Gringo.\nNote: I had a totally different intro planned today based on a super interesting conversation I had with a neobank founder but I’m going to save that for another day, as we’ve had to jump on the impact of Silicon Valley Bank’s shuttering on the startup and venture world.\nImage Credits:Twitter\nI conducteda survey of 7 fintech investors:Charles Birnbaum, partner,Bessemer Venture Partners;Aunkur Arya, partner,Menlo Ventures;Ansaf Kareem, venture partner,Lightspeed Venture Partners;Emmalyn Shaw, managing partner,Flourish Ventures;Michael Sidgmore, partner and co-founder,Broadhaven Ventures;Ruth Foxe Blader, partner,Anthemis;Miguel Armaza, co-founder and general partner,Gilgamesh Ventures. Not just saying this because I conducted the survey, but I wasreallyimpressed with how detailed and thoughtful their answers were. Spoiler alert: B2B payments and infrastructure remain on fire and most investors expect to see more flat and down rounds this year. Plus, they were gracious enough to share some of the advice they’re giving to their portfolio companies.\nWhile the public market correction has been widespread, tech and fintech stocks have seen the largest declines, according to a recent report. Specifically, the Fintech Index — which tracks the performance of emerging, publicly traded financial technology companies — was down a staggering 72% in 2022, according toF-Prime Capital’s State of Fintech 2022 report. After hitting a peak of $1.3 trillion in late 2021, the F-Prime Fintech Index slid to $397 billion by the end of 2022. Currently, the Fintech Index comprises 55 companies across B2B SAAS, payments, banking, wealth and asset management, lending, insurance and proptech. I dug DEEP on the topichere.\nReports Christine Hall: “From the people who brought you credit monitoring services now comesCredit KarmaNet Worth, a new product to help people know, grow and protect their wealth. The new feature brings the 16-year-old company closer to becoming an end-to-end personal finance management platform, also offering debt, credit building and checking and savings products, Credit Karma founder and CEO Kenneth Lin said in an interview. As Credit Karma members moved through their credit journey of establishing credit and getting their credit score in check, they are now thinking about the next stage of their life: "financial goals and outcomes, he said.”\nAfollow-upto ourBetter.comnews from last week (a collaboration with the brilliant Alex Wilhelm): Even if the Better.com SPAC combination closes, the transaction has been all but neutered from a cash perspective. From the company’s pursuantSEC filing: “About 92.6% of the company’s Class A ordinary shares were redeemed and approximately 7.4% of the Class A ordinary shares remain outstanding. After the satisfaction of such redemptions, the balance in Aurora’s trust account will be approximately $20,931,627.” While the drop-dead date to go public via a SPAC is September 30, it will likely be apparent by summer whether Better.com will be able to move forward with the transaction. A source familiar with internal happenings at the company told TechCrunch that is probably when the "death spiral will begin." With no incoming equity financing and likely no faith on the part of creditors, the source added, the company will most likely have to consider filing for bankruptcy by late 2023 or early 2024. CEO Vishal Garg told The Information thatmore layoffs and a down roundmight be in the company\'s future, too. Meanwhile, multiple sources familiar with the background on Better.com’s “agreement” with Amazon told TechCrunch that the deal did not in fact represent a partnership between the two companies. Rather, Better apparently announced its new Equity Unlocker tool last week, and it rolled it out saying that it was initially exclusively available to Amazon employees. The news was framed to imply that there was some sort of partnership forged between the two, presumably to boost Better.com\'s credibility.\nAccording toKPMG’slatest Pulse of Fintech report, the U.S. continued to drive fintech investments last year, accounting for $61.6 billion across 2,222 deals during 2022, including $25.2 billion in the second half of the year. Seed-stage fintech deals saw record investment as valuations of late-stage VC-backed companies saw significant downward pressure, attracting a record $4.5 billion, up from 2021’s $3.4 billion. Says KPMG via e-mail: “We’re also seeing a continued focus on BNPL, AI offerings/tools, and M&A activity remaining slow through the first half of 2023.”\nMeanwhile, according toPitchBook, enterprise fintech startups are capturing more of the broader fintech VC pool. The company’s latestEmerging Tech Researchfound specifically that global VC investment in the broader fintech space reached $57.6 billion across 2,747 deals in 2022, declines of 40.7% and 18.1% year-over-year, respectively. Within the vertical, enterprise fintech startups raised 60.9% of capital from investors compared to their retail counterparts. In 2020, that number was 48.2% of capital.\nReports Ingrid Lunden: “Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure.Railsr, the U.K.-embedded finance startup formerly known as Railsbank and once worth nearly $1 billion, has beenacquired by a shareholder consortium; and as part of the deal, it’s going into administration so that it can continue [operating] . . . as it restructures. The consortium, which trades under the name Embedded Finance Ltd, includes previous Railsr’s investors D Squared Capital, Moneta VC and Venture Capital. The company is not disclosing the value of the deal. It was valued, when still solvent, at around $250 million back in October 2022, so that is one starting point.”\nAccording to TC’s Tage Kene-Okafor: African fintechMoniepoint(formerly known as TeamApt Inc), has appointed Pawel Swiatek as its chief operating officer. Pawel joins the business from Capital One, where he served as managing vice president for over four years. At Capital One, he was responsible for the bank’s financial inclusion program. He was also part of the management team at the world’s largest hedge fund, Bridgewater. At Moniepoint, Swiatek’s experience in financial inclusion will be brought to bear in building an execution operating system, driving strategy and execution by building policies and tools. Moniepoint offers payment, banking, credit and business management tools to over 600,000 businesses and processes a monthly TPV of over $10 billion. The fintech is backed by Lightrock, Novastar and QED, the global fintech investor whose managing partner Nigel Morris co-founded Capital One.\nPayments giantStripeappears to still be trying (hard) to raise venture funding. Eric Newcomerreported last weekthat the company is now raising 6 BILLION DOLLARS instead of the$2 billion to $3 billionit was believed to be trying to secure, according to previous reports. According to Eric, Thrive Capital, General Catalyst, Andreessen Horowitz, and Founders Fund are participating in the round along with Goldman Sachs private wealth clients. Meanwhile, there was chatteron Twitterabout the company’s decision to no longer return a $15 dispute fee for successfully contested disputes. Meanwhile, there also seems to be some chatter about howFedNow, a real-time payments system that the Federal Reserve is rolling out in the next couple of months, could impact Stripe negatively. Oh, and for one fintech observer’s opinions on why the company, despite its challenges, “can’t lose,” headhere.\nConstruction tech startupKojois expanding into fintech. The materials management company has launched a newInvoice Matching productdesigned to help contractors manage their spend, eliminate billing mistakes and simplify payments. Led by 31-year-old founder and CEOMaria Davidson, Kojo says it is used by 11,000 construction professionals across the country. The company has raised more than $84 million. TechCrunch covered its last raisehere.\nSeen on TechCrunch\nIndian fintech unicorn Slice acquires stake in a bank\nWhy unicorn Socure chose to take a $95M credit facility\nFynn raises $36M for a platform to finance students in vocational education\nSynctera raises $15M to help companies launch embedded banking products in Canada\nElyn slightly delays online payments so you can try before you pay\nOpen banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform\nCandidly picks up student debt relief where new US policies leave off\nAnd elsewhere\nFilmHedge closes $5M Series A funding; $100M credit facility\nFrench fintech Aria bags €50m debt facility\nBrazilian B2B payments platform Barte raises $3M\nSaaS fintech Growfin lands $7.5M\nTiger Global leads $6.5M Monnai deal\nInsurify to acquire Compare.com\nOkay, well, with that, I\'m out of here for now. Next week is spring break for my family, so I will be mostly out and the amazing Christine Hall will be taking over the newsletter for me. But I\'ll be back for the March 26 edition! Until then, take good care!! xoxo, Mary Ann', 'Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Despite the economic turbulence of the past year, I think it’s safe to say that many of us did not see the sudden full-on implosion of Silicon Valley Bank coming. While we could have guessed the storied financial institution was struggling, we did not anticipate that it would shut down so soon after announcing said struggles. The impact of this event will be severe, widespread and -- for fear of being dramatic -- potentially catastrophic for many. Already, businesses are worried about making payroll, which could lead to unanticipated closures and layoffs. As one VC put it: "It\'s bad." Our hearts go out to all impacted. Natasha Mascarenhas and I talked to several competitors in the space and unsurprisingly, they’re seeing a ton of increased demand. You can read all about that here . We also teamed up with other TC staff and talked to several founders who bank(ed) there to get their perspectives . Outside of TC’s multiple (and fabulously reported, if I may add) stories on the topic, which you can find bundled here , there is some other chatter I’ve heard related to the news: One fintech investor told me that he is aware of a single company that moved over $80 million out of Silicon Valley Bank on Thursday. Rippling co-founder and CEO Parker Conrad on March 10 tweeted that his company had historically relied on SVB for payments rails for its payroll and other products but in light of the news, “immediately accelerated a planned switch to JPMorgan Chase.” Later that day, he added that his company was not able to process payroll for some company\'s employees and issued an apology , noting that while future payroll runs will be processed with JPMorgan Chase, any payroll funds processed for the day\'s check date "were debited from clients earlier in the week," and that the company was "currently stuck with SVB, which is now in FDIC receivership." Unlike many other VCs encouraging companies to move their money out of SVB, fintech-focused Restive Ventures’ Ryan Falvey urged people to “stay calm." Some have speculated that a " bank run " ultimately led to SVB\'s demise. Brazilian fintech Trace Finance launched a new checking account for startups in the wake of the news. Via email, a spokesperson told me on Friday that balance withdrawals totaling $200 million had been initiated from SVB through Trace Finance since the news broke on Thursday, and that $100 million had already been moved from SVB and deposited in new checking accounts with Trace Finance. Customers for the new checking account include Rocket.chat, Mercado Bitcoin, Rentbrella, The Coffee, and Gringo. Story continues Note: I had a totally different intro planned today based on a super interesting conversation I had with a neobank founder but I’m going to save that for another day, as we’ve had to jump on the impact of Silicon Valley Bank’s shuttering on the startup and venture world. Rippling CEO tweet on SVB Image Credits: Twitter Weekly News I conducted a survey of 7 fintech investors : Charles Birnbaum , partner, Bessemer Venture Partners ; Aunkur Arya , partner, Menlo Ventures ; Ansaf Kareem , venture partner, Lightspeed Venture Partners ; Emmalyn Shaw , managing partner, Flourish Ventures ; Michael Sidgmore , partner and co-founder, Broadhaven Ventures ; Ruth Foxe Blader , partner, Anthemis ; Miguel Armaza , co-founder and general partner, Gilgamesh Ventures . Not just saying this because I conducted the survey, but I was really impressed with how detailed and thoughtful their answers were. Spoiler alert: B2B payments and infrastructure remain on fire and most investors expect to see more flat and down rounds this year. Plus, they were gracious enough to share some of the advice they’re giving to their portfolio companies. While the public market correction has been widespread, tech and fintech stocks have seen the largest declines, according to a recent report. Specifically, the Fintech Index — which tracks the performance of emerging, publicly traded financial technology companies — was down a staggering 72% in 2022, according to F-Prime Capital ’s State of Fintech 2022 report. After hitting a peak of $1.3 trillion in late 2021, the F-Prime Fintech Index slid to $397 billion by the end of 2022. Currently, the Fintech Index comprises 55 companies across B2B SAAS, payments, banking, wealth and asset management, lending, insurance and proptech. I dug DEEP on the topic here . Reports Christine Hall: “From the people who brought you credit monitoring services now comes Credit Karma Net Worth , a new product to help people know, grow and protect their wealth. The new feature brings the 16-year-old company closer to becoming an end-to-end personal finance management platform, also offering debt, credit building and checking and savings products, Credit Karma founder and CEO Kenneth Lin said in an interview. As Credit Karma members moved through their credit journey of establishing credit and getting their credit score in check, they are now thinking about the next stage of their life: "financial goals and outcomes, he said.” A follow-up to our Better.com news from last week (a collaboration with the brilliant Alex Wilhelm): Even if the Better.com SPAC combination closes, the transaction has been all but neutered from a cash perspective. From the company’s pursuant SEC filing : “About 92.6% of the company’s Class A ordinary shares were redeemed and approximately 7.4% of the Class A ordinary shares remain outstanding. After the satisfaction of such redemptions, the balance in Aurora’s trust account will be approximately $20,931,627.” While the drop-dead date to go public via a SPAC is September 30, it will likely be apparent by summer whether Better.com will be able to move forward with the transaction. A source familiar with internal happenings at the company told TechCrunch that is probably when the "death spiral will begin." With no incoming equity financing and likely no faith on the part of creditors, the source added, the company will most likely have to consider filing for bankruptcy by late 2023 or early 2024. CEO Vishal Garg told The Information that more layoffs and a down round might be in the company\'s future, too. Meanwhile, multiple sources familiar with the background on Better.com’s “agreement” with Amazon told TechCrunch that the deal did not in fact represent a partnership between the two companies. Rather, Better apparently announced its new Equity Unlocker tool last week, and it rolled it out saying that it was initially exclusively available to Amazon employees. The news was framed to imply that there was some sort of partnership forged between the two, presumably to boost Better.com\'s credibility. According to KPMG ’s latest Pulse of Fintech report , the U.S. continued to drive fintech investments last year, accounting for $61.6 billion across 2,222 deals during 2022, including $25.2 billion in the second half of the year. Seed-stage fintech deals saw record investment as valuations of late-stage VC-backed companies saw significant downward pressure, attracting a record $4.5 billion, up from 2021’s $3.4 billion. Says KPMG via e-mail: “We’re also seeing a continued focus on BNPL, AI offerings/tools, and M&A activity remaining slow through the first half of 2023.” Meanwhile, according to PitchBook , enterprise fintech startups are capturing more of the broader fintech VC pool. The company’s latest Emerging Tech Research found specifically that global VC investment in the broader fintech space reached $57.6 billion across 2,747 deals in 2022, declines of 40.7% and 18.1% year-over-year, respectively. Within the vertical, enterprise fintech startups raised 60.9% of capital from investors compared to their retail counterparts. In 2020, that number was 48.2% of capital. Reports Ingrid Lunden: “Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure. Railsr , the U.K.-embedded finance startup formerly known as Railsbank and once worth nearly $1 billion, has been acquired by a shareholder consortium ; and as part of the deal, it’s going into administration so that it can continue [operating] . . . as it restructures. The consortium, which trades under the name Embedded Finance Ltd, includes previous Railsr’s investors D Squared Capital, Moneta VC and Venture Capital. The company is not disclosing the value of the deal. It was valued, when still solvent, at around $250 million back in October 2022, so that is one starting point.” According to TC’s Tage Kene-Okafor: African fintech Moniepoint (formerly known as TeamApt Inc), has appointed Pawel Swiatek as its chief operating officer. Pawel joins the business from Capital One, where he served as managing vice president for over four years. At Capital One, he was responsible for the bank’s financial inclusion program. He was also part of the management team at the world’s largest hedge fund, Bridgewater. At Moniepoint, Swiatek’s experience in financial inclusion will be brought to bear in building an execution operating system, driving strategy and execution by building policies and tools. Moniepoint offers payment, banking, credit and business management tools to over 600,000 businesses and processes a monthly TPV of over $10 billion. The fintech is backed by Lightrock, Novastar and QED, the global fintech investor whose managing partner Nigel Morris co-founded Capital One. Payments giant Stripe appears to still be trying (hard) to raise venture funding. Eric Newcomer reported last week that the company is now raising 6 BILLION DOLLARS instead of the $2 billion to $3 billion it was believed to be trying to secure, according to previous reports. According to Eric, Thrive Capital, General Catalyst, Andreessen Horowitz, and Founders Fund are participating in the round along with Goldman Sachs private wealth clients. Meanwhile, there was chatter on Twitter about the company’s decision to no longer return a $15 dispute fee for successfully contested disputes. Meanwhile, there also seems to be some chatter about how FedNow , a real-time payments system that the Federal Reserve is rolling out in the next couple of months, could impact Stripe negatively. Oh, and for one fintech observer’s opinions on why the company, despite its challenges, “can’t lose,” head here . Construction tech startup Kojo is expanding into fintech. The materials management company has launched a new Invoice Matching product designed to help contractors manage their spend, eliminate billing mistakes and simplify payments. Led by 31-year-old founder and CEO Maria Davidson , Kojo says it is used by 11,000 construction professionals across the country. The company has raised more than $84 million. TechCrunch covered its last raise here . Funding and M&A Seen on TechCrunch Indian fintech unicorn Slice acquires stake in a bank Why unicorn Socure chose to take a $95M credit facility Fynn raises $36M for a platform to finance students in vocational education Synctera raises $15M to help companies launch embedded banking products in Canada Elyn slightly delays online payments so you can try before you pay Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform Candidly picks up student debt relief where new US policies leave off And elsewhere FilmHedge closes $5M Series A funding; $100M credit facility French fintech Aria bags €50m debt facility Brazilian B2B payments platform Barte raises $3M SaaS fintech Growfin lands $7.5M Tiger Global leads $6.5M Monnai deal Insurify to acquire Compare.com Okay, well, with that, I\'m out of here for now. Next week is spring break for my family, so I will be mostly out and the amazing Christine Hall will be taking over the newsletter for me. But I\'ll be back for the March 26 edition! Until then, take good care!! xoxo, Mary Ann Read more about SVB\'s 2023 collapse on TechCrunch', 'Join the most important conversation in crypto and web3! Secure your seat today The crisis at Silicon Valley Bank and the resulting volatility in the world\'s second-largest dollar-pegged stablecoin, USD Coin ( USDC ), has bitcoin ( BTC ) trading at relatively higher prices on crypto exchange Coinbase (COIN). Data tracked by analytics firm CryptoQuant shows bitcoin\'s Coinbase Premium Index – which measures the spread between BTC\'s U.S. dollar-denominated price (BTC/USD) on U.S.-based Coinbase and BTC\'s tether-denominated price (BTC/USDT) on offshore giant Binance – rose to 0.8, the highest since March 2020. Bitcoin trading at a premium on Coinbase is often taken to represent stronger buying pressure from stateside institutions and sophisticated traders. This time, however, the premium likely represents the discount or flight from USDC. Bitcoin\'s price on Coinbase became sensitive to USDC volatility since the exchange in July last year merged its order book – consisting of USDC as the base currency – with the USD order book (Users can deposit USDC on Coinbase, but it enters the order book as USD). Supporting the argument that bitcoin\'s current dollar-denominated price on Coinbase stems from the USDC discount is the fact that the BTC/USDT pair on Coinbase trades pretty much in line with prices on other offshore exchanges. "Because USDC is trading below its peg, BTC appears more expensive on Coinbase," pseudonymous DeFi researcher Ignas told CoinDesk. "Therefore, the spot market for BTC needs to be adjusted to reflect the current USDC price." USDC fell as low as $0.90 late Friday, deviating from its 1:1 dollar peg after its issuer, Circle Internet Financial, confirmed holding $3.3 billion in cash at the crisis-stricken Silicon Valley Bank. The news triggered a rotation of money out of USDC and into other assets, with Circle processing more than $1 billion in net redemptions. At press time, USDC had bounced to around $0.95. Story continues Bitcoin at press time had rebounded to $21,100 versus a low of roughly $19,600 touched on Friday. "When news broke that Circle\'s funds were stuck in Silicon Valley Bank, users rushed to redeem their USDC for USD," Ignas said. "On Coinbase, users could redeem 1 USDC for $1.00, but Coinbase suspended conversions over the weekend when banks are closed, which worsened the situation, leaving traders with no option but to liquidate holdings in the spot market." "There is no USDC market on Coinbase," Ignas added. "So the BTC/USD market is effectively acting as a BTC/USDC market." coinbase $300 premium pic.twitter.com/Ipc4ZCFlkZ — db (@tier10k) March 11, 2023', 'Join the most important conversation in crypto and web3! Secure your seat today\nThe crisis atSilicon Valley Bankand the resulting volatility in the world\'s second-largest dollar-pegged stablecoin, USD Coin (USDC), has bitcoin (BTC) trading at relatively higher prices on crypto exchange Coinbase (COIN).\nData tracked by analytics firm CryptoQuant shows bitcoin\'s Coinbase Premium Index – which measures the spread between BTC\'s U.S. dollar-denominated price (BTC/USD) on U.S.-based Coinbase and BTC\'s tether-denominated price (BTC/USDT) on offshore giant Binance – rose to 0.8, the highest since March 2020.\nBitcoin trading at a premium on Coinbase isoften takento represent stronger buying pressure from stateside institutions and sophisticated traders.\nThis time, however, the premium likely represents the discount or flight from USDC. Bitcoin\'s price on Coinbase became sensitive to USDC volatility since the exchange in July last year merged its order book – consisting of USDC as the base curren
**Last 60 Days of Bitcoin's Closing Prices:**
[17934.90, 18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-12
**Financial & Commodity Data:**
- Gold Closing Price: $1862.00
- Crude Oil Closing Price: $76.68
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $395,754,383,106
- Hash Rate: 348559824.50563854
- Transaction Count: 265555.0
- Unique Addresses: 621363.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article is part of an ongoing series celebrating the 30th anniversary of the first ETF listed on U.S. exchanges. The SPDR S&P 500 ETF (SPY) hit U.S. exchanges 30 years ago this week with roughly $6.5 million in assets and to little fanfare. Three decades later, the launch has become one of the most successful to date, with an industry-leading $354.6 billion in assets. It would have been hard to imagine in 1993 that assets in the ETF industry globally would be approaching $10 trillion in 2023. In fact, last year’s more than $505 billion intake was the second largest on record, according to data from the research firm ETFGI. That’s not all that’s happened over 30 years of ETF investing. While SPY certainly leads the way, there have been dozens of evolutions and iterations of ETFs worth revisiting. From actively managed ETFs that first got the green light in 2008 to single-stock funds that hit markets last year, there has been plenty to keep investors busy. ETF.com has compiled a list of 30 milestones in the ETF industry. While it’s not an exhaustive one by any means, it helps put into context all of the progress that has happened over the past three decades of ETF investing. 1993 The SPDR S&P 500 ETF (SPY) makes its debut as the first U.S.-listed ETF in January. 1995 The SPDR S&P Midcap 400 ETF Trust (MDY) launches in May. 1996 iShares, then owned by Morgan Stanley, debuts international ETFs with international exposure for the first time. SPY crosses $1 billion in assets. 1998 The Select Sector SPDR ETFs debut some of the first to track S&P 500 sectors. 1999 The Invesco QQQ Trust (QQQ) launches. 2000 Small cap ETFs debuted with the launch of the iShares Core S&P Small-Cap ETF (IJR) . Factor-based ETFs debuts with an iShares launch. The dot-com bubble bursts. 2001 The Sept. 11 attacks sends SPY into bear territory. 2002 iShares rolls out the iShares 1-3 Year Treasury Bond ETF (SHY) , the first bond ETF, in July. 2004 The SPDR Gold Trust (GLD) launches in November. It is the first physical gold ETF. iShares debuts a China-focused ETF for direct access to Chinese markets. 2005 iShares debuts sustainable ETFs incorporating an environmental, social and governance strategy. 2006 ProShares launches the first leveraged/inverse ETFs in June. 2007 The subprime mortgage crisis starts in April, precipitating the Global Financial Crisis. 2008 Active ETFs are approved by the Securities and Exchange Commission for the first time. 2009 Bitcoin, the first cryptocurrency, begins trading in January. 2010 Term-maturity ETFs debut with bonds that all mature in the same year. Story continues The Flash Crash in May brings high-frequency trading under scrutiny. 2012 SPY crosses $100 billion in assets in January. 2016 Bond ETF AUM skyrockets to $500 billion globally. SPY crosses $200 billion in assets in August. 2018 The first defined outcome ETFs launch in August. 2019 The Securities and Exchange Commission passed the ETF Rule in September, streamlining the process for new ETF launches. ETFs reach a total of $4 trillion globally. 2020 The COVID-19 pandemic in March triggers a 34% drawdown in the market. 2021 The first bitcoin futures ETF launches in October. 2022 Single-stock ETFs debut for the first time in the U.S. in July. 2023 SPY turns 30 in January. Recommended Stories Jim Ross Looks Back Over SPY’s 30 Years What Microsoft’s Downbeat Outlook Means for Tech ETFs Invesco to Close 26 ETFs in Shakeup of Its Listings Hot Reads: Passive Funds to Overshadow Active in US Permalink | © Copyright 2023 ETF.com. All rights reserved View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority. The notice came in a joint statement delivered by U.S. Federal Reserve Chairman Jerome Powell, U.S. Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg. The decision was made in consultation with President Joe Biden, according to a press release , which emphasized that the U.S. taxpayer will not bear any losses as a result of the resolution. “The U.S. banking system remains resilient and on a solid foundation,” the joint statement said, citing banking regulations established after the 2008 global financial crisis that “ensured better safeguards for the banking industry.” Signature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down The closure of Signature Bank represents the third U.S. bank failure to take place within the past week, and the second financial institution to fall that’s central to the digital assets industry. Silvergate said it would voluntarily wind down operations and liquidate last Wednesday, vouching to pay back its depositors in full. Previously, the bank said that it would also discontinue the Silvergate Exchange Network (SEN). The SEN played a crucial role for crypto-native firms as a round-the-clock payment service for Silvergate’s clients. Signature Bank operates a similar service called Signet, a digital payments platform used for real-time payments by the institutions' clients. Though Silvergate and Signature were both popular institutions among crypto-native firms, Signature’s total assets of around $110 billion made the bank much bigger than Silvergate, which reported a total of $11 billion in assets as of the end of last year. This Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash Cryptocurrency prices increased following the joint statements release. Bitcoin and Ethereum had risen 7.2% and 8.2% over the past day to around $21,850 and $1,580, respectively, according to CoinGecko . Story continues Stablecoin USDC also swelled towards its peg to the U.S. dollar, which it previously lost amid the collapse of Silicon Valley Bank. The price of USDC—the second-largest stablecoin by market capitalization— fell to $0.87 after its issuer Circle said $3.3 billion of the token’s reserves were held with the failed bank. Though depositors who held funds with Signature Bank will be protected when the institution reopens Monday, shareholders and “certain unsecured debtholders” will not be, the statement said, adding that the crypto-friendly bank’s senior management has been removed. The Federal Reserve Board said Sunday that additional funds will be made available to depository institutions that are eligible in order to assure they’re able to meet the needs of their depositors. “The Federal Reserve is prepared to address any liquidity pressures that may arise,” the organization stated in a press release, adding that the measures will eliminate “an institution's need to quickly sell [high-quality] securities in times of stress.” In a separate statement , the Federal Reserve Board released details about its so-called Bank Term Funding Program (BTFP), which offers bank loans of up to one year, where eligible institutions pledge U.S. Treasuries and other assets as collateral in exchange for loans in the amount of the assets’ face value. “These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy,” the statement said.", "All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority.\nThe notice came in a joint statement delivered by U.S. Federal Reserve Chairman Jerome Powell, U.S. Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg.\nThe decision was made in consultation with President Joe Biden, according to apress release, whichemphasized that the U.S. taxpayer will not bear any losses as a result of the resolution.\n“The U.S. banking system remains resilient and on a solid foundation,” the joint statement said, citing banking regulations established after the 2008 global financial crisis that “ensured better safeguards for the banking industry.”\nSignature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down\nThe closure of Signature Bank represents the third U.S. bank failure to take place within the past week, and the second financial institution to fall that’s central to the digital assets industry.\nSilvergate said it would voluntarily wind down operations and liquidate last Wednesday, vouching to pay back its depositors in full. Previously, the bank said that it would also discontinue the Silvergate Exchange Network (SEN).\nThe SEN played a crucial role for crypto-native firms as a round-the-clock payment service for Silvergate’s clients. Signature Bank operates a similar service called Signet, a digital payments platform used for real-time payments by the institutions' clients.\nThough Silvergate and Signature were both popular institutions among crypto-native firms, Signature’stotal assetsof around $110 billion made the bank much bigger than Silvergate, whichreporteda total of $11 billion in assets as of the end of last year.\nThis Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash\nCryptocurrency prices increased following the joint statements release. Bitcoin and Ethereum had risen 7.2% and 8.2% over the past day to around $21,850 and $1,580, respectively, according toCoinGecko.\nStablecoin USDC also swelled towards its peg to the U.S. dollar, which it previously lost amid the collapse of Silicon Valley Bank. The price of USDC—the second-largest stablecoin by market capitalization—fellto $0.87 after its issuer Circle said $3.3 billion of the token’s reserves were held with the failed bank.\nThough depositors who held funds with Signature Bank will be protected when the institution reopens Monday, shareholders and “certain unsecured debtholders” will not be, the statement said, adding that the crypto-friendly bank’s senior management has been removed.\nThe Federal Reserve Board said Sunday that additional funds will be made available to depository institutions that are eligible in order to assure they’re able to meet the needs of their depositors.\n“The Federal Reserve is prepared to address any liquidity pressures that may arise,” the organization stated in a press release, adding that the measures will eliminate “an institution's need to quickly sell [high-quality] securities in times of stress.”\nIn a separatestatement, the Federal Reserve Board released details about its so-called Bank Term Funding Program (BTFP), which offers bank loans of up to one year, where eligible institutions pledge U.S. Treasuries and other assets as collateral in exchange for loans in the amount of the assets’ face value.\n“These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy,” the statement said.", 'By Ambar Warrick Investing.com --The dollar fell sharply against a basket of currencies on Monday as markets reassessed their outlook for future interest rate hikes by the Federal Reserve, amid growing expectations that the central bank will reconsider its hawkish rhetoric in the face of a looming banking crisis. Traders were now pricing in a greater chance that the Fed will raise rates by 25 basis points bps when it meets next week, a sharp reversal in the 50 bps expectations being priced in earlier. The trend comes as the collapse of Silicon Valley Bank (NASDAQ:SIVB) highlighted the deepening economic cracks caused by a sharp increase in interest rates over the past year. The dollar weakened sharply against a basket of currencies, with the dollar index and dollar index futures down 0.7% and 0.8%, respectively. The two were trading at over two-week lows. Short-term Treasury yields also plummeted from recent highs, while long-term yields firmed on the prospect of a potential pause in further interest rate hikes. The U.S. Treasury and the Fed had over the weekend announced emergency funding measures for the banking sector, after the sudden collapse and regulatory seizure of SVB last week. The White House also said it will ensure that depositors in the bank are made whole, and that SVB customers will have access to their deposits starting Monday. But markets now questioned the scope for further monetary tightening in the U.S., given that more rate hikes are likely to cause more economic damage. Goldman Sachs analysts said that they no longer expect the Fed to hike rates this month, and expressed uncertainty over the path of monetary policy given the recent stress on the banking sector. Analysts at ING said that a 50 bps hike when the Fed meets on March 22 appeared unlikely, but said that a 25 bps raise was still on the cards. The Fed will convene for an emergency, closed-door meeting later on Monday, the results of which are expected to provide more insight on the central bank’s actions going forward. Story continues Focus this week is also on consumer price index inflation data for February, after jobs data released last week showed some cooling in wage growth . Related Articles Dollar slumps, rate hikes in question as Fed limits SVB fallout Bitcoin, USDC stablecoin rally after US intervenes on SVB Dollar weakens after U.S. jobs data suggests slower rate hike path', 'By Ambar Warrick\nInvesting.com --The dollar fell sharply against a basket of currencies on Monday as markets reassessed their outlook for future interest rate hikes by the Federal Reserve, amid growing expectations that the central bank will reconsider its hawkish rhetoric in the face of a looming banking crisis.\nTraders were now pricing in a greater chance that the Fed will raise rates by 25 basis points bps when it meets next week, a sharp reversal in the 50 bps expectations being priced in earlier. The trend comes as the collapse of Silicon Valley Bank (NASDAQ:SIVB) highlighted the deepening economic cracks caused by a sharp increase in interest rates over the past year.\nThe dollar weakened sharply against a basket of currencies, with the dollar index and dollar index futures down 0.7% and 0.8%, respectively. The two were trading at over two-week lows.\nShort-term Treasury yields also plummeted from recent highs, while long-term yields firmed on the prospect of a potential pause in further interest rate hikes.\nThe U.S. Treasury and the Fed had over the weekend announced emergency funding measures for the banking sector, after the sudden collapse and regulatory seizure of SVB last week.\nThe White House also said it will ensure that depositors in the bank are made whole, and that SVB customers will have access to their deposits starting Monday.\nBut markets now questioned the scope for further monetary tightening in the U.S., given that more rate hikes are likely to cause more economic damage.\nGoldman Sachs analysts said that they no longer expect the Fed to hike rates this month, and expressed uncertainty over the path of monetary policy given the recent stress on the banking sector.\nAnalysts at ING said that a 50 bps hike when the Fed meets on March 22 appeared unlikely, but said that a 25 bps raise was still on the cards.\nThe Fed will convene for an emergency, closed-door meeting later on Monday, the results of which are expected to provide more insight on the central bank’s actions going forward.\nFocus this week is also onconsumer price indexinflation data for February, afterjobs datareleased last week showed some cooling inwage growth.\nRelated Articles\nDollar slumps, rate hikes in question as Fed limits SVB fallout\nBitcoin, USDC stablecoin rally after US intervenes on SVB\nDollar weakens after U.S. jobs data suggests slower rate hike path', "A solo Bitcoin miner was rewarded for adding block 780,112 to Bitcoin’s blockchain, beating the odds as countless others raced toward the same goal.\nThe miner used the Solo CK Pool mining service to establish a solo mining pool, where they produced a valid hash for the block and received a reward of 6.25 BTC and a fee reward of around 0.63 BTC—worth about $148,000—according toBTC.com’s Bitcoin explorer.\nA Twitter user pointed out how lucky the solo miner was to produce the valid hash, saying it would typically take a miner much longer to create a valid transaction given the limited computing power they used.\n“A miner of this size will solve a block on average about once every 10 months,” Twitter user @ckpooldev stated. “They've only been mining solo for the last 2 days so has been very lucky.”\nThe miner worked with an average hashing power of 6.7 PH/s (petahashes per second), according to @ckpooldev. Around the time that the block was added, Bitcoin’s total hash rate was around 308,262 PH/s, meaning the solo miner’s 6.7 PH/s hash rate represented roughly 0.002% of the blockchain’s entire computational power.\nAn account on the Bitcoin forum bitcointalk.org stepped forward to claim responsibility for producing the valid hash, saying he rented extra power for less than a day using a service called nicehash.\n“Indeed, it is a great luck to catch a block with such a hashrate,” the user titledPineconeeeestated on the forum. “In less than a day, luck smiled on me.”\nThe solo miner, who said they are from Russia, explained that they typically use a computing power of around 270 TH/s (terahashes per second) but rented 5 PH/s (petahashes per second) worth of power last Thursday, according to hispost.\nThe block mined by the solo miner contained 3,220 transactions that consisted of around 16,940 worth of Bitcoin volume.\nIn order to add a block to a proof-of-work network like Bitcoin, miners continuously run calculations to discover a valid hash for the block, using a process akin to computational brute force.\nThese days, a majority of new blocks that are added to Bitcoin’s blockchain are mined via mining pools, where miners pool together their computing power to increase their chances of creating a valid hash.\nTechnically, it’s possible for a Bitcoin miner to get lucky every now and then and produce a valid hash on their own, despite the competition of other computers racing to calculate a valid hash for the next block on Bitcoin’s network.\nAccording toBTC.com, the largest mining pool in the world is currently Foundry USA, a mining pool that comprises around 34% of the total hashrate on Bitcoin's network over the past day. The mining pool’s hashrate is around 107 EH/s (exahashes per second)—around 15,970 times more powerful than the solo miner.", "A solo Bitcoin miner was rewarded for adding block 780,112 to Bitcoin’s blockchain, beating the odds as countless others raced toward the same goal.\nThe miner used the Solo CK Pool mining service to establish a solo mining pool, where they produced a valid hash for the block and received a reward of 6.25 BTC and a fee reward of around 0.63 BTC—worth about $148,000—according toBTC.com’s Bitcoin explorer.\nA Twitter user pointed out how lucky the solo miner was to produce the valid hash, saying it would typically take a miner much longer to create a valid transaction given the limited computing power they used.\n“A miner of this size will solve a block on average about once every 10 months,” Twitter user @ckpooldev stated. “They've only been mining solo for the last 2 days so has been very lucky.”\nThe miner worked with an average hashing power of 6.7 PH/s (petahashes per second), according to @ckpooldev. Around the time that the block was added, Bitcoin’s total hash rate was around 308,262 PH/s, meaning the solo miner’s 6.7 PH/s hash rate represented roughly 0.002% of the blockchain’s entire computational power.\nAn account on the Bitcoin forum bitcointalk.org stepped forward to claim responsibility for producing the valid hash, saying he rented extra power for less than a day using a service called nicehash.\n“Indeed, it is a great luck to catch a block with such a hashrate,” the user titledPineconeeeestated on the forum. “In less than a day, luck smiled on me.”\nThe solo miner, who said they are from Russia, explained that they typically use a computing power of around 270 TH/s (terahashes per second) but rented 5 PH/s (petahashes per second) worth of power last Thursday, according to hispost.\nThe block mined by the solo miner contained 3,220 transactions that consisted of around 16,940 worth of Bitcoin volume.\nIn order to add a block to a proof-of-work network like Bitcoin, miners continuously run calculations to discover a valid hash for the block, using a process akin to computational brute force.\nThese days, a majority of new blocks that are added to Bitcoin’s blockchain are mined via mining pools, where miners pool together their computing power to increase their chances of creating a valid hash.\nTechnically, it’s possible for a Bitcoin miner to get lucky every now and then and produce a valid hash on their own, despite the competition of other computers racing to calculate a valid hash for the next block on Bitcoin’s network.\nAccording toBTC.com, the largest mining pool in the world is currently Foundry USA, a mining pool that comprises around 34% of the total hashrate on Bitcoin's network over the past day. The mining pool’s hashrate is around 107 EH/s (exahashes per second)—around 15,970 times more powerful than the solo miner.", "A solo Bitcoin miner was rewarded for adding block 780,112 to Bitcoin\x92s blockchain, beating the odds as countless others raced toward the same goal. The miner used the Solo CK Pool mining service to establish a solo mining pool, where they produced a valid hash for the block and received a reward of 6.25 BTC and a fee reward of around 0.63 BTC\x97worth about $148,000\x97according to BTC.com \x92s Bitcoin explorer. A Twitter user pointed out how lucky the solo miner was to produce the valid hash, saying it would typically take a miner much longer to create a valid transaction given the limited computing power they used. \x93A miner of this size will solve a block on average about once every 10 months,\x94 Twitter user @ckpooldev stated. \x93They've only been mining solo for the last 2 days so has been very lucky.\x94 Congratulations to miner39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW who solved the 270th solo block at https://t.co/UWgBvLkDqc with 6.7PH but doesn't appear to have been mining for very long https://t.co/WGVBC3QajX \x97 Dr. Con Kolivas (@ckpooldev) March 10, 2023 Solo Bitcoin Miner Solves Block With Hash Rate of Just 10 TH/s, Beating Extremely Unlikely Odds The miner worked with an average hashing power of 6.7 PH/s (petahashes per second), according to @ckpooldev. Around the time that the block was added, Bitcoin\x92s total hash rate was around 308,262 PH/s, meaning the solo miner\x92s 6.7 PH/s hash rate represented roughly 0.002% of the blockchain\x92s entire computational power. An account on the Bitcoin forum bitcointalk.org stepped forward to claim responsibility for producing the valid hash, saying he rented extra power for less than a day using a service called nicehash. \x93Indeed, it is a great luck to catch a block with such a hashrate,\x94 the user titled Pineconeeee stated on the forum. \x93In less than a day, luck smiled on me.\x94 The solo miner, who said they are from Russia, explained that they typically use a computing power of around 270 TH/s (terahashes per second) but rented 5 PH/s (petahashes per second) worth of power last Thursday, according to his post . The block mined by the solo miner contained 3,220 transactions that consisted of around 16,940 worth of Bitcoin volume. In order to add a block to a proof-of-work network like Bitcoin, miners continuously run calculations to discover a valid hash for the block, using a process akin to computational brute force. Story continues These days, a majority of new blocks that are added to Bitcoin\x92s blockchain are mined via mining pools, where miners pool together their computing power to increase their chances of creating a valid hash. Technically, it\x92s possible for a Bitcoin miner to get lucky every now and then and produce a valid hash on their own, despite the competition of other computers racing to calculate a valid hash for the next block on Bitcoin\x92s network. According to BTC.com , the largest mining pool in the world is currently Foundry USA, a mining pool that comprises around 34% of the total hashrate on Bitcoin's network over the past day. The mining pool\x92s hashrate is around 107 EH/s (exahashes per second)\x97around 15,970 times more powerful than the solo miner. View comments", 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin surged above $22.5K after Federal regulators said they\'d cover failed SIVB\'s customer deposits; ether and other altcoins also revive\nInsights:Lurking behind Silicon Valley Bank failure is the real sick man of American finance: small banks\nCoinDesk Market Index (CMI)\n1,052\n+82.0▲8.4%\nBitcoin (BTC)\n$22,482\n+1921.8▲9.3%\nEthereum (ETH)\n$1,614\n+140.9▲9.6%\nS&P 500\n3,861.59\n−56.7▼1.4%\nGold\n$1,880\n+18.1▲1.0%\nNikkei 225\n28,143.97\n−479.2▼1.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nInvestors Buoyed by Regulators\' Statement Send Cryptos Higher\nAfter a nerve-wracking Thursday and Friday, crypto investors took heart over the weekend from a decision by Federal regulators to restore all deposits at failed Silicon Valley Bank (SIVB) in full and an announcement by fintech Circle to cover any of its stablecoin USDC reserves.\nBitcoin was recently trading at $22,482, up more than 9.3% over the past 24 hours. The largest cryptocurrency had plunged below $20,000 early Friday (UTC) as SIVB customers withdrew their money en masse, spurring the California Department of Financial Protection and Innovation to shutter the institution, a central player in the world\'s technology sector. SIVB\'s failure is the second largest in U.S. history.\nIn a joint statement on Sunday, U.S. Treasury Secretary Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg,said thatafter weighing FDIC and Federal Reserve recommendations and consulting with U.S. President Joe Biden, Yellen had "approved actions enabling the FDIC to complete actions in a manner that fully protects all depositors" at SIVB.\n“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the statement read.\nMark Connors, head of research at crypto asset manager 3iQ, called the agencies\' action "risk asset friendly at first blush" in a weekly report, although he noted warily, "Too many moving parts and M2 [monetary aggregate of currency and coins, savings deposits and shares in mutual money market funds] STILL contracting."\nBut Connors also added: "The Fed continues to extend their control on markets. What they announced this evening is the equivalent of guaranteeing overnight bank deposits in 2008."\nEther also regained ground to change hands at $1,614, up 9.6% from Saturday, same time. Other major cryptocurrencies that were hard-stricken last week as the impact on the crypto industry from SIVB\'s collapse became apparent also rebounded over the weekend, with their main surge coming on Sunday. APT, the token of layer 1 protocol Aptos, and ADA, the native crypto of Ethereum rival Cardano were up more than 13% and 11%, respectively. TheCoinDesk Market Index, a measure of overall market performance, was down almost 10%.\nOn Saturday, payments technology company Circle Internet Financial said itwould “cover any shortfall”in the assets backing its stablecoin USDC in the event it does not receive the entirety of a $3.3 billion cash reserve it was holding at Silicon Valley Bank. In ablog post, Circle said it “will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary.” The value of the stablecoin fell as low as $0.88 before the announcement, but was currently trading above $.99 cents.\nU.S. stocks were swept up in banking sector worries with the tech-heavy Nasdaq and S&P 500 declining 1.8% and 1.4%, respectively. The S&P finished down 5% for the week, its worst weekly performance since September 2022. As trading opened in Asia, the Nikkei 225 and Taiwan TSEC 50 Index were down slightly.\n3iQ\'s Connors wrote that long-term the regulatory action to safeguard customers\' assets would continue a "game of regulatory whack-a-mole" leading to, among other affects, a continued consolidation of the banking industry and the acceleration of stablecoin regulation.\n"Outcome TBD," Connors wrote.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+22.1%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+17.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+13.3%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nSIVB Collapse Shows Why Small Banks Are Vulnerable\nSilicon Valley Bank (SIVB)has been shuttered by state regulators.The Federal Deposit Insurance Corporation (FDIC) is racing to ensure that as much money as possible is available to SIVB clientswhen the market opens Monday.\nLate last week, Silvergate Bank, a major fiat on and off-ramp for the crypto market, announced it wasengaging in voluntary liquidationand shutting down, creating market panic. Its chief competitor, Signature,was seizedby regulators over the weekend.\nWhile SIVB serviced some crypto companies, it didn’t service exchanges like Silvergate or Signature.\nThe Federal Reserve definesSIVB as a large bank (these institutions have over $50 billion in deposits), and Silvergate as a small bank. Some have said should the FDIC not act decisively on Monday contagion will spread throughout the broader banking sector. Already,runs are beginningonFirst Republic Bankand other regional players.\nFundamentally, this crisis isn’t about crypto. The performance of tech companies – considered a risky asset – in a high-interest rate environment played a part, but it wasn’t everything either.\nIt’s about how small banks fared during stimulus-heavy Covid. These small banks aren’t as well known as SIVB, but like Silvergate, specialize in serving an industry or niche.\nThey are also the ones that power fintechs. Cross River Bank (assets $9.9 billion) is thefinancial plumbingbehind Coinbase, Stripe and Affirm. Evolve Bank & Trust (assets $1.3 billion)is the bank behindWise and Dave.\nThese small banks like the arrangement because it diversifies their client base away from the usual local businesses that bank with small, regional institutions.\nTech startups, which move fast and break things, prefer to usesmall banks rather than traditional big banks. There’s a belief that they understand each other, and would get a more personalized, attentive experience rather than having an account with one of America’s largest banks. But in turn, this means that these small banks – which power fintechs – are overly exposed to the tech sector.\nCovid, the curve, and small banks\nIn 2020, small banks saw a massive influx of cash assets onto their balance sheetspartly because of fiscal stimulusand the Fed’s asset purchases, which usually are geared toward an industry niche. As Covid’s impact on the economy wore off, cash supply turned into loans, and since September 2021, the growth in cash assets on small bank balance sheets has turned negative.\nThroughout 2022, small bank lending increased while growth in cash assets stayed negative.\n“Banks are now sitting with reserves pretty much at their lowest comfort level — especially small banks,” TS Lombard economist Steven Blitzwrote in a February note. “[Small banks] are more aggressive in lending and in borrowing short-term liabilities to fund themselves.”\nGiven the size of these institutions, and the lack of cash on hand compared to larger banks, Blitz writes that their borrowing was more aggressive. In addition, their small size meant they didn’t have the same level of regulation as their larger counterparts.\nFitz explains that post-Covid borrowings included advances fromFederal Home Loan Banks(FHLBs),designedtoprovide stop-gap liquidity, or from theFed’s discount window, usually reserved for emergencies.\n“Small banks, many of which are private and therefore have no shareholder concerns regarding the optics of borrowing from the discount window, have consequently shifted to using the Fed’s discount window facility,” Blitz wrote.\nBoth Silvergate and SIVB had large advances from FHLBs on the balance sheet.\nIn the case of Silvergate, it ended 2022 with $4.3 billion of FHLB money on the balance sheet. This figure increased dramatically from the $700 million it had at the end of September 2022 because it needed tosupport its cash positionin the face of rapid withdrawals post-FTX collapse. Days before its collapse,it said the loans were fully repaid– further depleting its balance sheet.\nWithstanding spikes in the cost of borrowing\nLending long and borrowing short has been the model for banks since the beginning of time, but an inverted yield curve contradicts this.\nAn inverted yield curve occurs when short-term interest rates exceed long-term rates – an anomaly, as lending money for the long-term should fetch a higher interest rate for the lender.\nAt press time, the two-year Treasury note yielded a whole percentage point more than the 10-year note. The two-year yield has increased by 300 basis points to 4.82% in 12 months.\nThe dramatic increase in the cost of borrowing for these banks makes their lives difficult, coupled with a very tech-specific deposit flight as investors prefer high-yield short-term bonds over risky tech and crypto.\nStartups aren’t raising new money given this environment and burning what they have to stay afloat.\nSilicon Valley Bank identified this as a problem in its Q1-23 mid-quarter update.\nFRED data shows the same is happening at these small banks that power startup-friendly fintechs.\nWhat’s going to happen if a deal to save SVIB, the mothership of tech startup finance doesn’t come to fruition? Or, if depositors only get 40-50% of their money back? It’s going to be a tech deep-freeze. Beware small banks.\n“The gov’t has about 48 hours to fix a soon-to-be-irreversible mistake,” Pershing Square CEO Bill Ackmantweeted on the weekend. “These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions.”\n“Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week,” he continued.\nSXSW Conference and Festivals (Austin, Texas)\n3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting\n7:30 a.m. HKT/SGT(23:30 UTC)Australia Westpac Consumer Confidence (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Tumble as New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit\nIs ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest by market cap, an investment security? Penn State Dickinson Law Professor Tonya Evans joined "First Mover" to discuss. Plus, Bitwise Crypto Analyst Ryan Rasmussen shared his crypto markets reaction as U.S. payrolls rose 311,000 in February. And, Rosetta Analytics co-founder Angelo Calvello weighed in on the collapse of crypto-friendly Silvergate Bank.\nCircle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally:The company plans to use corporate resources to fill the gap, including external capital.\nSilicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators:“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read.\nScrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank:Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.\nA Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed:Every U.S. bank is facing similar structural pressures to what drove crypto’s one-time favorite bank to the moon and then into the ground.\nSignature Bank Stock Down 12% in Volatile Action as Sell-Off Continues:The broader banking sector is down another 4% on Friday.\nOn-Chain Liquidations Beckon as Ether Slumps to 2-Month Low:A total of $119 million in on-chain positions are at risk of being liquidated if ether slides by another 20%.\nHow U.S. Judges Might Save Crypto From the SEC:Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk\'s chief content officer.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin surged above $22.5K after Federal regulators said they\'d cover failed SIVB\'s customer deposits; ether and other altcoins also revive\nInsights:Lurking behind Silicon Valley Bank failure is the real sick man of American finance: small banks\nCoinDesk Market Index (CMI)\n1,052\n+82.0▲8.4%\nBitcoin (BTC)\n$22,482\n+1921.8▲9.3%\nEthereum (ETH)\n$1,614\n+140.9▲9.6%\nS&P 500\n3,861.59\n−56.7▼1.4%\nGold\n$1,880\n+18.1▲1.0%\nNikkei 225\n28,143.97\n−479.2▼1.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nInvestors Buoyed by Regulators\' Statement Send Cryptos Higher\nAfter a nerve-wracking Thursday and Friday, crypto investors took heart over the weekend from a decision by Federal regulators to restore all deposits at failed Silicon Valley Bank (SIVB) in full and an announcement by fintech Circle to cover any of its stablecoin USDC reserves.\nBitcoin was recently trading at $22,482, up more than 9.3% over the past 24 hours. The largest cryptocurrency had plunged below $20,000 early Friday (UTC) as SIVB customers withdrew their money en masse, spurring the California Department of Financial Protection and Innovation to shutter the institution, a central player in the world\'s technology sector. SIVB\'s failure is the second largest in U.S. history.\nIn a joint statement on Sunday, U.S. Treasury Secretary Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg,said thatafter weighing FDIC and Federal Reserve recommendations and consulting with U.S. President Joe Biden, Yellen had "approved actions enabling the FDIC to complete actions in a manner that fully protects all depositors" at SIVB.\n“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the statement read.\nMark Connors, head of research at crypto asset manager 3iQ, called the agencies\' action "risk asset friendly at first blush" in a weekly report, although he noted warily, "Too many moving parts and M2 [monetary aggregate of currency and coins, savings deposits and shares in mutual money market funds] STILL contracting."\nBut Connors also added: "The Fed continues to extend their control on markets. What they announced this evening is the equivalent of guaranteeing overnight bank deposits in 2008."\nEther also regained ground to change hands at $1,614, up 9.6% from Saturday, same time. Other major cryptocurrencies that were hard-stricken last week as the impact on the crypto industry from SIVB\'s collapse became apparent also rebounded over the weekend, with their main surge coming on Sunday. APT, the token of layer 1 protocol Aptos, and ADA, the native crypto of Ethereum rival Cardano were up more than 13% and 11%, respectively. TheCoinDesk Market Index, a measure of overall market performance, was down almost 10%.\nOn Saturday, payments technology company Circle Internet Financial said itwould “cover any shortfall”in the assets backing its stablecoin USDC in the event it does not receive the entirety of a $3.3 billion cash reserve it was holding at Silicon Valley Bank. In ablog post, Circle said it “will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary.” The value of the stablecoin fell as low as $0.88 before the announcement, but was currently trading above $.99 cents.\nU.S. stocks were swept up in banking sector worries with the tech-heavy Nasdaq and S&P 500 declining 1.8% and 1.4%, respectively. The S&P finished down 5% for the week, its worst weekly performance since September 2022. As trading opened in Asia, the Nikkei 225 and Taiwan TSEC 50 Index were down slightly.\n3iQ\'s Connors wrote that long-term the regulatory action to safeguard customers\' assets would continue a "game of regulatory whack-a-mole" leading to, among other affects, a continued consolidation of the banking industry and the acceleration of stablecoin regulation.\n"Outcome TBD," Connors wrote.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+22.1%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+17.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+13.3%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nSIVB Collapse Shows Why Small Banks Are Vulnerable\nSilicon Valley Bank (SIVB)has been shuttered by state regulators.The Federal Deposit Insurance Corporation (FDIC) is racing to ensure that as much money as possible is available to SIVB clientswhen the market opens Monday.\nLate last week, Silvergate Bank, a major fiat on and off-ramp for the crypto market, announced it wasengaging in voluntary liquidationand shutting down, creating market panic. Its chief competitor, Signature,was seizedby regulators over the weekend.\nWhile SIVB serviced some crypto companies, it didn’t service exchanges like Silvergate or Signature.\nThe Federal Reserve definesSIVB as a large bank (these institutions have over $50 billion in deposits), and Silvergate as a small bank. Some have said should the FDIC not act decisively on Monday contagion will spread throughout the broader banking sector. Already,runs are beginningonFirst Republic Bankand other regional players.\nFundamentally, this crisis isn’t about crypto. The performance of tech companies – considered a risky asset – in a high-interest rate environment played a part, but it wasn’t everything either.\nIt’s about how small banks fared during stimulus-heavy Covid. These small banks aren’t as well known as SIVB, but like Silvergate, specialize in serving an industry or niche.\nThey are also the ones that power fintechs. Cross River Bank (assets $9.9 billion) is thefinancial plumbingbehind Coinbase, Stripe and Affirm. Evolve Bank & Trust (assets $1.3 billion)is the bank behindWise and Dave.\nThese small banks like the arrangement because it diversifies their client base away from the usual local businesses that bank with small, regional institutions.\nTech startups, which move fast and break things, prefer to usesmall banks rather than traditional big banks. There’s a belief that they understand each other, and would get a more personalized, attentive experience rather than having an account with one of America’s largest banks. But in turn, this means that these small banks – which power fintechs – are overly exposed to the tech sector.\nCovid, the curve, and small banks\nIn 2020, small banks saw a massive influx of cash assets onto their balance sheetspartly because of fiscal stimulusand the Fed’s asset purchases, which usually are geared toward an industry niche. As Covid’s impact on the economy wore off, cash supply turned into loans, and since September 2021, the growth in cash assets on small bank balance sheets has turned negative.\nThroughout 2022, small bank lending increased while growth in cash assets stayed negative.\n“Banks are now sitting with reserves pretty much at their lowest comfort level — especially small banks,” TS Lombard economist Steven Blitzwrote in a February note. “[Small banks] are more aggressive in lending and in borrowing short-term liabilities to fund themselves.”\nGiven the size of these institutions, and the lack of cash on hand compared to larger banks, Blitz writes that their borrowing was more aggressive. In addition, their small size meant they didn’t have the same level of regulation as their larger counterparts.\nFitz explains that post-Covid borrowings included advances fromFederal Home Loan Banks(FHLBs),designedtoprovide stop-gap liquidity, or from theFed’s discount window, usually reserved for emergencies.\n“Small banks, many of which are private and therefore have no shareholder concerns regarding the optics of borrowing from the discount window, have consequently shifted to using the Fed’s discount window facility,” Blitz wrote.\nBoth Silvergate and SIVB had large advances from FHLBs on the balance sheet.\nIn the case of Silvergate, it ended 2022 with $4.3 billion of FHLB money on the balance sheet. This figure increased dramatically from the $700 million it had at the end of September 2022 because it needed tosupport its cash positionin the face of rapid withdrawals post-FTX collapse. Days before its collapse,it said the loans were fully repaid– further depleting its balance sheet.\nWithstanding spikes in the cost of borrowing\nLending long and borrowing short has been the model for banks since the beginning of time, but an inverted yield curve contradicts this.\nAn inverted yield curve occurs when short-term interest rates exceed long-term rates – an anomaly, as lending money for the long-term should fetch a higher interest rate for the lender.\nAt press time, the two-year Treasury note yielded a whole percentage point more than the 10-year note. The two-year yield has increased by 300 basis points to 4.82% in 12 months.\nThe dramatic increase in the cost of borrowing for these banks makes their lives difficult, coupled with a very tech-specific deposit flight as investors prefer high-yield short-term bonds over risky tech and crypto.\nStartups aren’t raising new money given this environment and burning what they have to stay afloat.\nSilicon Valley Bank identified this as a problem in its Q1-23 mid-quarter update.\nFRED data shows the same is happening at these small banks that power startup-friendly fintechs.\nWhat’s going to happen if a deal to save SVIB, the mothership of tech startup finance doesn’t come to fruition? Or, if depositors only get 40-50% of their money back? It’s going to be a tech deep-freeze. Beware small banks.\n“The gov’t has about 48 hours to fix a soon-to-be-irreversible mistake,” Pershing Square CEO Bill Ackmantweeted on the weekend. “These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions.”\n“Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week,” he continued.\nSXSW Conference and Festivals (Austin, Texas)\n3:00 p.m. HKT/SGT(7:00 UTC)Eurogroup Meeting\n7:30 a.m. HKT/SGT(23:30 UTC)Australia Westpac Consumer Confidence (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Tumble as New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit\nIs ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest by market cap, an investment security? Penn State Dickinson Law Professor Tonya Evans joined "First Mover" to discuss. Plus, Bitwise Crypto Analyst Ryan Rasmussen shared his crypto markets reaction as U.S. payrolls rose 311,000 in February. And, Rosetta Analytics co-founder Angelo Calvello weighed in on the collapse of crypto-friendly Silvergate Bank.\nCircle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally:The company plans to use corporate resources to fill the gap, including external capital.\nSilicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators:“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read.\nScrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank:Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.\nA Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed:Every U.S. bank is facing similar structural pressures to what drove crypto’s one-time favorite bank to the moon and then into the ground.\nSignature Bank Stock Down 12% in Volatile Action as Sell-Off Continues:The broader banking sector is down another 4% on Friday.\nOn-Chain Liquidations Beckon as Ether Slumps to 2-Month Low:A total of $119 million in on-chain positions are at risk of being liquidated if ether slides by another 20%.\nHow U.S. Judges Might Save Crypto From the SEC:Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk\'s chief content officer.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin surged above $22.5K after Federal regulators said they\'d cover failed SIVB\'s customer deposits; ether and other altcoins also revive Insights: Lurking behind Silicon Valley Bank failure is the real sick man of American finance: small banks Prices CoinDesk Market Index (CMI) 1,052 +82.0 ▲ 8.4% Bitcoin (BTC) $22,482 +1921.8 ▲ 9.3% Ethereum (ETH) $1,614 +140.9 ▲ 9.6% S&P 500 3,861.59 −56.7 ▼ 1.4% Gold $1,880 +18.1 ▲ 1.0% Nikkei 225 28,143.97 −479.2 ▼ 1.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Investors Buoyed by Regulators\' Statement Send Cryptos Higher After a nerve-wracking Thursday and Friday, crypto investors took heart over the weekend from a decision by Federal regulators to restore all deposits at failed Silicon Valley Bank (SIVB) in full and an announcement by fintech Circle to cover any of its stablecoin USDC reserves. Bitcoin was recently trading at $22,482, up more than 9.3% over the past 24 hours. The largest cryptocurrency had plunged below $20,000 early Friday (UTC) as SIVB customers withdrew their money en masse, spurring the California Department of Financial Protection and Innovation to shutter the institution, a central player in the world\'s technology sector. SIVB\'s failure is the second largest in U.S. history. In a joint statement on Sunday, U.S. Treasury Secretary Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg, said that after weighing FDIC and Federal Reserve recommendations and consulting with U.S. President Joe Biden, Yellen had "approved actions enabling the FDIC to complete actions in a manner that fully protects all depositors" at SIVB. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the statement read. Mark Connors, head of research at crypto asset manager 3iQ, called the agencies\' action "risk asset friendly at first blush" in a weekly report, although he noted warily, "Too many moving parts and M2 [monetary aggregate of currency and coins, savings deposits and shares in mutual money market funds] STILL contracting." Story continues But Connors also added: "The Fed continues to extend their control on markets. What they announced this evening is the equivalent of guaranteeing overnight bank deposits in 2008." Ether also regained ground to change hands at $1,614, up 9.6% from Saturday, same time. Other major cryptocurrencies that were hard-stricken last week as the impact on the crypto industry from SIVB\'s collapse became apparent also rebounded over the weekend, with their main surge coming on Sunday. APT, the token of layer 1 protocol Aptos, and ADA, the native crypto of Ethereum rival Cardano were up more than 13% and 11%, respectively. The CoinDesk Market Index , a measure of overall market performance, was down almost 10%. On Saturday, payments technology company Circle Internet Financial said it would “cover any shortfall” in the assets backing its stablecoin USDC in the event it does not receive the entirety of a $3.3 billion cash reserve it was holding at Silicon Valley Bank. In a blog post , Circle said it “will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary.” The value of the stablecoin fell as low as $0.88 before the announcement, but was currently trading above $.99 cents. U.S. stocks were swept up in banking sector worries with the tech-heavy Nasdaq and S&P 500 declining 1.8% and 1.4%, respectively. The S&P finished down 5% for the week, its worst weekly performance since September 2022. As trading opened in Asia, the Nikkei 225 and Taiwan TSEC 50 Index were down slightly. 3iQ\'s Connors wrote that long-term the regulatory action to safeguard customers\' assets would continue a "game of regulatory whack-a-mole" leading to, among other affects, a continued consolidation of the banking industry and the acceleration of stablecoin regulation. "Outcome TBD," Connors wrote. Biggest Gainers Asset Tick
**Last 60 Days of Bitcoin's Closing Prices:**
[18869.59, 19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-13
**Financial & Commodity Data:**
- Gold Closing Price: $1911.70
- Crude Oil Closing Price: $74.80
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $434,383,127,250
- Hash Rate: 339899953.08934945
- Transaction Count: 333107.0
- Unique Addresses: 725571.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This weeks crypto market rebound got another jolt on Friday afternoon as Bitcoin (BTC) blasted off to heights unseen since August 2022, with fellow market leaders like Ethereum (ETH) and Solana (SOL) also posting sizable gains. Bitcoin has peaked as high as $22,687 so far this afternoon, per data from CoinGecko , and at a current price of $22,613 has risen almost 8% over the past 24 hours. The last time that Bitcoin traded that high was on August 18, 2022, well before Novembers collapse of exchange FTX sent the leading cryptocurrencys price plummeting below the $16,000 mark. Todays sudden pump pushes Bitcoins seven-day gains to 20%, with a 34% jump registered over the last 30 days. Bitcoin remains down 68% from its all-time high price above $69,000 set in November 2021, but the recent gains show a crypto market on the rise after a brutal 2022. Bitcoin, Ethereum Enjoy Bullish Week as Crypto Market Adds $77B The price of Ethereum, the second-largest cryptocurrency by total market cap, has climbed almost 7% today to $1,656, marking a four-month peak for the coin. It last traded this high in September 2022, according to CoinGecko. ETH is now up 17% on the week, with a sizable 30-day increase of 36%. Overall, the cryptocurrency market has seen a 6% boost in value over the past 24 hours, with coins like Dogecoin (DOGE), Cardano (ADA), and Ripples XRP posting similar gains during the span. Solana (SOL), however, is skyrocketing compared to most of the rest of the crypto market this week. The coin, which fell to a nearly two-year low of just above $8 in late December, has climbed 18% today to a current price above $25. Its the highest price tracked for Solana since the market declined amid Novembers FTX uncertainty, and marks a 52% rise for SOL this week alone. Solana has more than doubled in price over the last 30 days, including the aforementioned dip into single digits. Its now the 10th-largest coin by market cap after briefly falling out of the top 20 in December....
- Reddit Posts (Sample): [['u/milonuttigrain', 'Every cycle there are loads of coins that were said to be "the next big thing" and even made it to top 20, just to be forgotten in a few years. What do you think about the current top 20? Any coin that won\'t be relevant in 2025?', 238, '2023-03-13 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/', 'Through out the history in recent cycle, so many coins has made it to top 20, being said to be "the next big thing" and never to be seen again.\n\nSome examples:\n\n* NEO - The "Chinese Ethereum": Reach ATH at $196.85 (5 years ago, in Jan 2018). It was on top 8 back then. Currently $10.13 (rank 62nd). Being said as the "Chinese Ethereum", built on a “smart economy”, "attracted interest from giants such as Alibaba and Microsoft". Now well forgotten.\n* EOS - Once a top 9 at market cap of $8.3B in Jan 2018. Once said "enormous upside *potential* in the future and has a place in every investor\'s portfolio", "conduct millions of transactions per second". Turn out to be a complete flop.\n* ICON - The "Korean Ethereum". Aimed to "hyperconnect the world", "powered by Loopchain, which is a high-performance enterprise blockchain with smart contract features". Once top 15, now well forgotten.\n* BCH - Bitcoin Cash promoted by Bitcoin Jesus Roger Vers. Once a top 4! Not much thoughts these days.\n* BTG - Bitcoin Gold, similar fate and even worse than BCH\n* IOTA - Once a top 10, designed for "Internet of Things", "potentially higher scalability over blockchain based distributed ledgers". IOTA has been the target of phishing, scamming, and hacking attempts with ton of down time. Now not much talks.\n* NEM - Used to be a top 7. Can\'t even recall the last time I read something about this.\n* QTUM - ditto\n* LISK - ditto\n* DASH - once said to be a rival of Monero. Pretty forgotten now.\n* BitConnect - no further explation needed.\n* NANO - once heavily shilled by this sub, "fast, feeless and environment friendly".\n\nTop 20 back in Jan 2018 (around 5 years ago):\n\n[Top 20, Jan-2018](https://preview.redd.it/8k0cng4i8ena1.png?width=736&format=png&auto=webp&v=enabled&s=21d9c096053692f2294a84282bb963092d8d2c4e)\n\nThis cycle we have another BitConnect, LUNA. Just that it refuses to die and become classic instead.\n\nThe current top 20 now:\n\n* Top 1-5: BTC, ETH, USDT, BNB, USDC\n* Top 6-10: XRP, ADA, MATIC, DOGE, BUSD\n* Top 11-15: SOL, DOT, DAI, SHIB, TRON\n* Top 16-20: LTC, AVAX, UNI, LEO, LINK\n\nFor the current cycle, which coins do you think won\'t be relevant in 3 years?', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/', '11ptql0', [['u/[deleted]', 10, '2023-03-13 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzq80t/', 'Most of em but I think ethereum matic and Bitcoin will do well and always monero', '11ptql0'], ['u/eat-sleep-rave', 14, '2023-03-13 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqgkg/', "From the top 20, the **TRON** is completely irrelevant to me. I wouldn't buy it now even with a huge discount if I had to hold it for more than a year afterward", '11ptql0'], ['u/Justreadingcomment', 70, '2023-03-13 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqju9/', 'NANO IS THE FUTURE.\n\nEdit: Banano*', '11ptql0'], ['u/Maxx3141', 200, '2023-03-13 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzql52/', "This will certainly turn into another Solana bashing post.\n\nSo let's add something more controversial: BNB should be gone. Not because of Binance, but because there is no reason to keep centralized ETH clones when we have real ETH L2s.", '11ptql0'], ['u/EmuGroundbreaking348', 37, '2023-03-13 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqqe2/', "If I were to guess, I'd go with LEO, TRON and SHIB. \n\nGoing by my track record, they'll probably wind up top 10", '11ptql0'], ['u/StonedRex', 15, '2023-03-13 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqsay/', "I love Banano, it's feeless, super fast and rich in potassium!", '11ptql0'], ['u/gkarq', 17, '2023-03-13 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqzgr/', 'Not gonna lie that I still love the concept of IOTA and the use of DAG in its transactions. Still remember the hype around it in 2017!', '11ptql0'], ['u/bingbang456', 22, '2023-03-13 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzr1ut/', "If anyone says Matic I'm gonna lose my mind", '11ptql0'], ['u/milonuttigrain', 15, '2023-03-13 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrd2z/', 'Paid member please post the Potassium intensifying gif', '11ptql0'], ['u/oachkatzalschwoaf', 25, '2023-03-13 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrljo/', "Omg your examples: i still hold my NEO and ICON. With IOTA its worse as i havn't really stopped dca in.", '11ptql0'], ['u/milonuttigrain', 16, '2023-03-13 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrr4m/', 'So you hold both Chinese Ethereum and Korean Ethereum…', '11ptql0'], ['u/astockstonk', 35, '2023-03-13 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrwvo/', 'BTC and ETH are rock solid to be in the top 20. \n\nI think ATOM or DOT (and probably both) will be there. \n\nAfter that, I don’t have a clue.', '11ptql0'], ['u/oachkatzalschwoaf', 14, '2023-03-13 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrxxf/', 'The hype is gone, but, despite some internal issues with the team from time to time, they are really working hard on their project and there is also progress which gives me hope that they might com back "some day"', '11ptql0'], ['u/gkarq', 12, '2023-03-13 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzs8bq/', 'Yheeep! I do follow IOTA from time to time, and as an architect myself I almost dream of a futuristic world of smart-cities powered by a smart-contracts or a coin like IOTA.', '11ptql0'], ['u/Snowbattt', 81, '2023-03-13 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzslun/', 'Not popular around here but I could see ALGO sink into nothingness', '11ptql0'], ['u/ETH_Knight', 65, '2023-03-13 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzswhi/', 'ETC is ethereum that refused the DAO fork. It wasnt an ethereum killer. It was ethereum lol\n\n\nhttps://qz.com/730004/everything-you-need-to-know-about-the-ethereum-hard-fork', '11ptql0'], ['u/osoese', 13, '2023-03-13 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt0ew/', 'ETC - another "Ethereum killer" that killed itself, used to be top 18 in Jan 2018. \nlol tell me you don\'t understand what you are talking about in one small bulletpoint', '11ptql0'], ['u/ZealousidealFault468', 14, '2023-03-13 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt5am/', 'Iota will come\n Back', '11ptql0'], ['u/bingorunner', 14, '2023-03-13 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt9z8/', 'My guess is that there wont be any generic AI coins in the top 20 - mostly bc almost all the other coins in the top 20 by then will have adapted AI into their protocols, making AI specific coins irrelevent', '11ptql0'], ['u/philcsik', 13, '2023-03-13 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztdnc/', 'ETC is the original chain and was never advertised as "ETH Killer", since it has the same updates (almost as ETH) but is on POW.\n\nETC has a fixed monetary policy and smart contracts on L1.', '11ptql0'], ['u/Odysseus_Lannister', 55, '2023-03-13 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzte45/', 'You used to be able to argue for cheapness and speed of ETH clones before L2s or roll ups but now the entire BSC chain is just a scam haven.', '11ptql0'], ['u/French_physicist', 51, '2023-03-13 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztk9z/', 'Matic', '11ptql0'], ['u/French_physicist', 19, '2023-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztp5y/', 'NANO is the past, the present and the future, all at once', '11ptql0'], ['u/Justreadingcomment', 33, '2023-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzts4p/', '', '11ptql0'], ['u/philcsik', 13, '2023-03-13 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztti1/', 'Also had to roll my eyes, as I read this shit.', '11ptql0'], ['u/bingbang456', 37, '2023-03-13 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztzv1/', 'You son of a bitch', '11ptql0'], ['u/Maxx3141', 19, '2023-03-13 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztzzp/', 'Yes, that totally changed now. BSC is actually rather expensive compared to modern L2s.', '11ptql0'], ['u/milonuttigrain', 10, '2023-03-13 01:21', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzv259/', 'Modern L2 will put BSC in dust.', '11ptql0'], ['u/CryptoScamee42069', 37, '2023-03-13 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzv4wx/', 'ADA has held strong in the top 20 over the last five years', '11ptql0'], ['u/bingbang456', 12, '2023-03-13 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzv66p/', "More like polyhere to stay. That was terrible, I'll see myself out", '11ptql0'], ['u/ussichan', 22, '2023-03-13 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzv78n/', "I'm not biased or anything, but DOT and ATOM both have solid narratives and great fundamentals, i wouldn't be surprised at all if i find them in the top 10.", '11ptql0'], ['u/Right-Shopping9589', 13, '2023-03-13 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzvssd/', "I'm more bullish on DOT thank any other altcoins except eth", '11ptql0'], ['u/AverageLiberalJoe', 10, '2023-03-13 01:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzw1fx/', 'The ADA gatekeeping police are on their way to your location.', '11ptql0'], ['u/iwontsaysiimfine', 15, '2023-03-13 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzw65j/', 'Ya it will last', '11ptql0'], ['u/StirtNutz', 22, '2023-03-13 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzw7zs/', 'I hope not, but it’s also crossed my mind.', '11ptql0'], ['u/DankCryptography', 14, '2023-03-13 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzw8v5/', "I want to say SHIB and DOGE so bad. But I think they're here to stay sadly lmao", '11ptql0'], ['u/endless_ness', 13, '2023-03-13 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzxdhy/', 'Stunned this isn’t a solana bashing thread', '11ptql0'], ['u/NotFunnyhah', 17, '2023-03-13 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzyfrm/', 'Sounds like he is being probleMATIC', '11ptql0'], ['u/deathbyfish13', 16, '2023-03-13 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzzvum/', 'Wait, are we not bashing Solana anymore?', '11ptql0'], ['u/Maxx3141', 17, '2023-03-13 02:04', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc00mie/', "We always did, but let's not forget to bash other projects which deserve it.", '11ptql0'], ['u/SimbaTheWeasel', 23, '2023-03-13 02:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0137s/', 'I love ALGO, but man that coin has been through a lot. The recent MyAlgo hack only made things worse. I don’t blame ppl when they call it a shitcoin at this point', '11ptql0'], ['u/dark_deadline', 10, '2023-03-13 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc01dou/', "The Sub loves matic so i'd like to add matic there.", '11ptql0'], ['u/t_j_l_', 15, '2023-03-13 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc05p4a/', 'Nano still is "fast, feeless and environment friendly", has been operating that way for years and through previous bear markets, and only getting stronger (better spam resistance) with continued development.', '11ptql0'], ['u/HughHonee', 34, '2023-03-13 02:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc05vvr/', "I'm sad XMR isn't top 20 anymore but I'm confident it will be utilized and appreciated for many more years to come", '11ptql0'], ['u/MrMooooody', 19, '2023-03-13 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc07ed5/', 'Binance is by far the biggest crypto exchange so I doubt it will be gone', '11ptql0'], ['u/powderfinger303', 12, '2023-03-13 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc07vea/', 'Unpopular opinion here but IOTA might make a comeback.', '11ptql0'], ['u/JuggaliciousMemes', 17, '2023-03-13 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0amd8/', 'All Im sayin is LTC should be above Tron and SHIB, jus sayin🤷🏻\u200d♂️', '11ptql0'], ['u/Shtoinkity_shtoink', 13, '2023-03-13 03:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0bpmx/', 'Xrp to number 3 again', '11ptql0'], ['u/MaximumStudent1839', 12, '2023-03-13 03:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0bwg2/', '>Not because of Binance, but because there is no reason to keep centralized ETH clones when we have real ETH L2s.\n\nWake me up when ETH L2 achieves decentralization and security as they advertise.', '11ptql0'], ['u/DishyShyGuy', 12, '2023-03-13 03:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0cmom/', 'DOT is a software not a security. You are not seeing much marketing or you tube influencer because they are not selling their coin, they are selling their technology. Their main audience are developers and VC not retailers that just stays for the money and not the tech. Big VC are heavily invested on DOT and you know liquidity comes from these Firms. They are actually the one and the parachains they support who will push adoption. These VCs are the one who actually know what will work realistically and not us simpleton that thinks everything should work according to our understanding.', '11ptql0'], ['u/Alanski22', 12, '2023-03-13 04:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0i2ur/', 'Algo is so uninteresting to me. I reluctantly hold some but it feels a bit pointless', '11ptql0'], ['u/chance_waters', 10, '2023-03-13 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0mt3a/', "I strongly suspect Tron is up there because Justin Sun is running a fly wheel scam with his 'stablecoin', printing and buying his own token.", '11ptql0'], ['u/HighSolstice', 18, '2023-03-13 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0p4ts/', 'Glad I swapped all my ALGO for BTC weeks before the hack, just like I’m glad I withdrew everything before FTX collapsed, and withdrew everything from BlockFi before its collapse, and withdrew everything from Gemini Earn before its collapse. Come to think of it, I’ve been hella lucky, ya’ll should probably just copy everything I do.', '11ptql0'], ['u/3utt5lut', 11, '2023-03-13 06:01', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0s83c/', "I'm a Polkadot Maxi. I do think there is a significant amount of potential with these networks because relevancy is part of the goal, it's built into the fabric of the network goals. One thing I know, is that if the focus is on the technology, it'll continue to be around in the future. \n\nThe focus is on development and connection, different networks have different goals, but are all going to be interconnected eventually (Cosmos/Polkadot/Nervos are working on this currently, more possibly I'm unaware of not mentioned?). \n\nA fair amount of these networks are making their way into relevancy and the potential to have sub-networks, nested relay chains, and networks within networks, is going to expand the overall accessibility of the crypto-verse making less accessible projects more relevant for the future, prolonging growth, the older the project, the more likely it will survive in the future.\n\nMy favorite part is how on Polkadot, once a parachain/parathread officially goes live and has been interconnected, every other network in the relay chain symbiotically extends all their strengths/weaknesses to the other networks (this can be done essentially infinitely). There's good and bad with this, but the general consensus is a net positive by having a back-up relay chain (Kusama) where all the updates go live first.\n\nSolid team, solid governance, I could go on and on. I think it'll be a Top 10 favorite for some time.", '11ptql0'], ['u/zoomercoomer9000', 25, '2023-03-13 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0t7k3/', 'Interesting read. So the Ethereum community split over this decision to rollback the network to before DAO was exploited.\n\nTo be honest, I probably would have sided with the classic dudes had I been around back then. Reaching in via the backend to effectively undo transactions seems to go against the general ethos of blockchain and crypto, but I can see why the decision was made while Ethereum was still in its infancy.', '11ptql0'], ['u/fatfk69', 13, '2023-03-13 06:17', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0tm43/', "Here's to 5 more years", '11ptql0'], ['u/ETH_Knight', 13, '2023-03-13 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0vfxx/', 'Well yea but the thing is the developers moved with the fork and etc is still vulnerable to attacks. Without security the network is worthless really. \n\n\nThe attack affected nearly 5% of the circulating supply at the time.', '11ptql0'], ['u/Zein313', 17, '2023-03-13 06:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc0wj7k/', 'Nice to see ADA strong over the years', '11ptql0'], ['u/IntentionRemote7934', 20, '2023-03-13 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc122rz/', "It's the home of shitcoins. There's nothing like it. If you visit r/CryptoMoonShots it's at least 95% shitcoins from BSC.", '11ptql0'], ['u/final_lionel', 13, '2023-03-13 08:54', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc15jau/', "We're too early for XMR. People still doesn't realize how important privacy is.", '11ptql0'], ['u/ParkerGuitarGuy', 12, '2023-03-13 11:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jc1iftx/', 'XMR’s only real problem is not being new, where people might feel there is an opportunity to get rich quick using the “bigger fool” model.', '11ptql0']]], ['u/Wise_Staff_3099', 'So deposited bitcoin into my asap account.', 36, '2023-03-13 01:19', 'https://www.reddit.com/r/onions/comments/11punt7/so_deposited_bitcoin_into_my_asap_account/', 'For some odd reason I don’t see the funds going into my asap account. It says my bitcoin is fully withdrawn but I don’t see the funds. I always test it out with a little bit of money, but usually the funds go through. Anyone else not able to transfer money into their asap account?', 'https://www.reddit.com/r/onions/comments/11punt7/so_deposited_bitcoin_into_my_asap_account/', '11punt7', [['u/kurtimusmaximussatx', 34, '2023-03-13 01:39', 'https://www.reddit.com/r/onions/comments/11punt7/so_deposited_bitcoin_into_my_asap_account/jbzxbvh/', 'Phishing site victims', '11punt7'], ['u/Throwaway155122', 19, '2023-03-13 04:48', 'https://www.reddit.com/r/onions/comments/11punt7/so_deposited_bitcoin_into_my_asap_account/jc0kw2r/', 'Why are people still using asap, bohemia is far superior in its ui and loading time and it has direct payments.', '11punt7'], ['u/Setharoo231', 15, '2023-03-13 08:03', 'https://www.reddit.com/r/onions/comments/11punt7/so_deposited_bitcoin_into_my_asap_account/jc11xbh/', "It's not that odd. For people who aren't educated on how to verify bitcoin addresses using pgp. This is a common occurrence. It's happened to.me in the past till I figured out how to avoid that. I didn't kno a thing about all stuff u need to kno to safely order from dark web. Even after I figured the very basics out I still was stumbling through the process. I've been doing it for a couple years now. And I'd say about 6 months ago max was the 1st time I felt like I fully grasped the whole process. Like understood what to do. Why I was doing it and why it's important. Pgp was the biggest learning curve for me. And that shit is essential", '11punt7']]], ['u/coltonmusic15', 'I remember when a big talking point for Bitcoin and crypto at large was giving the consumer the ability to truly be their own bank', 25, '2023-03-13 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11pw4d1/i_remember_when_a_big_talking_point_for_bitcoin/', "Seeing all of this chaos with the Silicon Valley Bank just makes me feel like we still need to really help individuals understand why being your own bank matters so much. We shouldn't need to rely on the US Treasury or FDIC to insure our funds are safe. Obviously banks are unable to properly assess and manage risk in the ways they should to protect depositors funds. Despite crypto falling down this last weekend in the midst of all this news, long term I still believe that this strengthens the argument that individuals need more control over their own funds rather than trusting big or small banks with their money. It feels like we need to get back to some of the fundamental conversations that underscored the entire reasons behind why crypto was invented in the first place as that particular reason feels extremely relevant at this moment in time.", 'https://www.reddit.com/r/CryptoCurrency/comments/11pw4d1/i_remember_when_a_big_talking_point_for_bitcoin/', '11pw4d1', [['u/yaroslavwwe', 13, '2023-03-13 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11pw4d1/i_remember_when_a_big_talking_point_for_bitcoin/jc036gu/', 'Remember when internet was advertised for having no ads? I remember', '11pw4d1']]], ['u/UltimateCrypto7', 'Amp Reaches Knockout Round of 2023 CRYPTO WORLD CUP! Faces IOTA in Round of 16', 36, '2023-03-13 02:35', 'https://www.reddit.com/r/AMPToken/comments/11pwdjo/amp_reaches_knockout_round_of_2023_crypto_world/', '&#x200B;\n\nhttps://preview.redd.it/kc6n9qebpena1.png?width=2294&format=png&auto=webp&v=enabled&s=80d8731b338558f91eceb3493a545ff292e385a1\n\nAmp easily defeated Neo 291-160 in its final group stage matchup to WIN Group F with 9 points!\n\nNow, the fun begins in the knockout rounds. In the single-elimination Round of 16, Amp will face IOTA, a dangerous opponent who has quietly put up a ton of points during the cup. This should be the toughest opponent Amp has faced thus far. Winner to play the winner of Bitcoin v EOS.\n\nKnockout Round games are 2-day Twitter polls, [https://twitter.com/UltimateCrypto7](https://twitter.com/UltimateCrypto7), with the Round of 16 beginning on MARCH 13 in the afternoon\n\nThe coin with more votes at the end of the poll WINS and advances. The loser is out. NO MORE TIES.\n\nSo spread the word & vote @ [https://twitter.com/UltimateCrypto7](https://twitter.com/UltimateCrypto7) starting the afternoon of March 13.\n\nhttps://preview.redd.it/51izczqcpena1.png?width=2076&format=png&auto=webp&v=enabled&s=a7c0852f575bd870676dff61c85e09e8afef2468', 'https://www.reddit.com/r/AMPToken/comments/11pwdjo/amp_reaches_knockout_round_of_2023_crypto_world/', '11pwdjo', [['u/00951', 11, '2023-03-13 03:21', 'https://www.reddit.com/r/AMPToken/comments/11pwdjo/amp_reaches_knockout_round_of_2023_crypto_world/jc0aaax/', 'AMP it UP!', '11pwdjo']]], ['u/gulabbo', 'Why have FDIC when Fed insures it anyway?', 198, '2023-03-13 03:19', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/', "I understand bank runs are unwanted but why does the US have FDIC insurance when everyone knows that's not enough at $250k (or at any limit for that matter). \n\nWhy did the Fed not explicitly backstop depositors in 1991 bank runs or any other subsequent bank runs?\n\nWouldn't this be a moral hazard for the banks if Fed explicitly (or implicitly) guarantees no bank run? That is, why wouldn't a bank not just invest all deposits in Bitcoin or stock market or NFTs (or any risky assets)?\n\nWould appreciate any good explanations!", 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/', '11pxcno', [['u/yellowdog898', 292, '2023-03-13 03:26', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0azrq/', '250 is for poor people . Fed for Rich.', '11pxcno'], ['u/ssbowtie1', 65, '2023-03-13 03:51', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0e4jc/', 'My understanding is SVB will still be liquidated, and I’m sure there will be questions about stock sales by upper management in the past few weeks. This doesn’t give bank management a free pass to hold risky assets because as in the case of SVB they basically bankrupted the bank and lost all their jobs. This just protects companies and consumers from losing their assets due to poor bank management.', '11pxcno'], ['u/gulabbo', 30, '2023-03-13 03:53', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0eafh/', "That would imply either 1.) there are wayyy too many rich people than poor people that the Fed thought could cause a cascading bank run, or 2.) the balance owned by rich people is enough to cause a bank run that could cause a bank shut it's doors.", '11pxcno'], ['u/yellowdog898', 24, '2023-03-13 03:54', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0ehkv/', 'Most people don’t have enough money for emergency issues. So yeah not that many rich. Just being honest', '11pxcno'], ['u/ahminus', 14, '2023-03-13 04:00', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0f7s8/', "For banks like this, swinging for the fences with depositor money is now exactly the right thing to do, since you're going to continue taking losses with mismatched duration risk. Give the bonds to the Fed, take the cash, and go full risk on mode.\n\nThat's the message the Fed, Treasury, and FDIC just delivered.", '11pxcno'], ['u/gulabbo', 10, '2023-03-13 04:02', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0ffx3/', "SIVB doesn't have enough assets to cover all depositors. If sold at market value, it would barely cover 80 cents for every 1 dollar of deposit (if FDIC did not exist). \n\nHowever, we are not talking about SIVB specifically. We are talking about what it took from Fed to do to stop a bank run. It literally had to insure all the uninsured money. It only did so when markets broke. Even when the same kind of big bank runs happened in 1991 and since.", '11pxcno'], ['u/DeLaManana', 20, '2023-03-13 04:02', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0fgdo/', 'Ideally all depositor accounts should be fully protected, so its a slight step in the right direction.\n\nHowever when you keep the $250k FDIC limit for some and an unlimited insurance for others banks, you distort the free markets. People will be less inclined to deposit in $250k accounts and the banking industry will consolidate in a way that affects competition, the economy and the prospects of smaller/medium banks.\n\nIts a good solution in the short term, but inherenty unfair over the long term.\n\nAnd then theres the issue about how banks could use fully insured depositor accounts funds for more and more risky lending, so more regulation would be needed.', '11pxcno'], ['u/InterestedInThings', 29, '2023-03-13 04:03', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0fl57/', 'Rich = companies', '11pxcno'], ['u/nutfugget', 162, '2023-03-13 04:08', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0g4ss/', "the Fed just told banks they don't have to bother with hedges anymore because they'll backstop their losses. privatized gains, socialized losses 🤡", '11pxcno'], ['u/Possible_Treacle_814', 36, '2023-03-13 04:15', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0gyzt/', 'Completely agree, I mean why worry about risk management and managing what to do with deposits(not buying long term bonds at the lowest interest rates in forever) when you can just behave stupidly and the Fed will bail you out anyway.\n\nI know the sentiment is that they aren’t being bailed out but they are. All of the management who sold stock and made more money because they didn’t hedge on interest rate swaps during the last two years make it out completely okay. They get to keep their bonuses and their stock sale profits and the tax payer suffers not to mention this is inherently inflationary. They might temporarily be out of work in the future, but they get paid 1.5x to stay on and sort things after behaving like idiots.\n\nSignificant moral hazard risk and idiocy being bailed out which is disappointing to see.', '11pxcno'], ['u/gulabbo', 28, '2023-03-13 04:17', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0ha4b/', 'The sides I see:\n\n1. Insure the uninsured depositors means Banks can now take riskier bets with depositor money.\n\n2. Haircut for uninsured means bank runs for sure and collapse of many banks. (and dead innovation / economy due to major job losses from startups).\n\n\nsigh! no easy answers.', '11pxcno'], ['u/cantbebothered9999', 10, '2023-03-13 04:23', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0hz8g/', 'They can still go extinct in a bank run. \n\nYou\'re misunderstanding what\'s happening. The fed is not just "printing money" and handing it out to banks.', '11pxcno'], ['u/robertparkersonV3', 12, '2023-03-13 04:24', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0i2qh/', 'I hope shareholders sue insiders for damages equal to their share sales and bonuses from the last year.', '11pxcno'], ['u/nutfugget', 24, '2023-03-13 04:28', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0ii50/', 'Kicking the can down the road is what the Fed does best. Unless they can perpetually roll over these BTFP loans they gotta realize these losses in a year. If they are allowed to just park these at the Fed in perpetuity then this is just QE except the Fed isn’t in the drivers seat anymore. Banks can keep funneling their losses to powell and never have a negative earnings quarter again', '11pxcno'], ['u/coweatyou', 36, '2023-03-13 04:35', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0jd6p/', 'You really think bank owners give a shit about depositors and not their own wallet?', '11pxcno'], ['u/gulabbo', 15, '2023-03-13 04:36', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0jiw9/', 'Correct! It blows my mind that Fed did not even acknowledge this as the reality.', '11pxcno'], ['u/FarrisAT', 14, '2023-03-13 04:48', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0kw57/', 'Banks learned this in 2008 \n\nOnly those pesky regulations that got watered down in 2018-2019 prevented the biggest banks from going full risk on. \n\nSmall banks never had to follow such regulations', '11pxcno'], ['u/W0rdWaster', 20, '2023-03-13 04:57', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0ludk/', 'The stock holders (owners of the bank) have lost billions due to the collapse. In what universe would that encourage other banks to behave in a similar fashion?', '11pxcno'], ['u/W0rdWaster', 26, '2023-03-13 05:00', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0m4t7/', 'It was companies, not individuals.', '11pxcno'], ['u/W0rdWaster', 13, '2023-03-13 05:09', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0n5mr/', 'What? Without a bank run they can just hold the bonds to maturity and lose nothing...', '11pxcno'], ['u/notpermabanned6', 14, '2023-03-13 06:09', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0szct/', 'Infinite money hacks. No way this ends poorly', '11pxcno'], ['u/hotdogfromcostco', 13, '2023-03-13 06:28', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc0ukvw/', 'The real reason is that depositors of any bank run likely should be protected and equity holders are the ones who should eat the loss.\n\nIt literally makes no sense for you as a depositor to be worrying about the banks exposure to rate risk, that’s something equity holders should analyze because they are the ones that share in the banks gains when it makes money.\n\nImagine if you were a small business owner and all of a sudden it’s now your responsibility to analyze the risk of BOFA going bankrupt instead of shareholders of BOFA. \n\nCorrect me if I’m wrong, but my understanding was that SVB is not getting a bailout and has already gone under. They are auctioning off claims to depositors assets to ensure that people who put money in the bank can access what is rightfully theirs. Isn’t this solution not costing the taxpayer anything?', '11pxcno'], ['u/esabys', 82, '2023-03-13 08:16', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc12xfq/', "not really. they're backstopping the banks customers. the bank itself was seized and their investors will lose their investment. The bank will fail. end of story.", '11pxcno'], ['u/Ehralur', 51, '2023-03-13 08:37', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc14d3w/', 'Why is this getting upvoted? SVB went bankrupt, the shareholders lost everything. How does customers being made whole create an inventive for banks to gamble their own money away?', '11pxcno'], ['u/Ehralur', 11, '2023-03-13 08:38', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc14fmy/', "The fed is not bailing out anyone... They're just backstopped debitors. The bank still weten to 0. Shareholders lost everything.", '11pxcno'], ['u/Ehralur', 12, '2023-03-13 08:39', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc14hpt/', 'The rich? The rich saw their shares go to 0. Only the customers are being made whole.', '11pxcno'], ['u/Ehralur', 26, '2023-03-13 09:45', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc191ml/', 'A business? Employing normal people...?', '11pxcno'], ['u/Ehralur', 23, '2023-03-13 09:47', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1960p/', "How is there no risk? The risk is your shares go to 0 and you lost all your wealth and everything you built for decades.\n\nThe only people/businesses that have no risk thanks to this are the ones that earned money and put it in a bank account. That shouldn't be risky in the first place", '11pxcno'], ['u/riksi', 14, '2023-03-13 10:24', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1bri7/', 'Senior management will be fired, lose stock bonuses. Stock holders will lose all their money. Bond holders of the bank will probably lose too.', '11pxcno'], ['u/Stonesfan03', 17, '2023-03-13 11:28', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1gb73/', 'Dude...IT JUST FUCKING HAPPENED ON FRIDAY.\n\nThe FDIC took over. The company is dead. Gone. Bye bye. The stock is gone. The shares are worth exactly $0.', '11pxcno'], ['u/keldarepew', 50, '2023-03-13 12:02', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1iwxt/', 'So many people on here are so stuck in hating the banks narrative they are ignoring the fact they let the bank fail.', '11pxcno'], ['u/chris_ut', 23, '2023-03-13 12:53', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1ndzd/', 'There are still rules about what a bank can do with its money and its not like SVB was in risky shit they bought govt bonds.', '11pxcno'], ['u/skiski42', 22, '2023-03-13 13:29', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1qwnu/', 'The logic in this thread seems to be: “SVB shareholders just lost all of their money, bailing out depositors is going to make shareholders at other banks want to lose all of their money too”', '11pxcno'], ['u/_BaldyLocks_', 13, '2023-03-13 14:02', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc1ul3l/', "The bailout is for depositors only and SIVB shareholders still get shafted, so it's kinda different to 2008 bailouts in that regard.\n\nAlso there's a strategic interest at play here. Most depositors were startups that develop bleeding edge technologies that US depends on to keep it's leading role in the world. \n \n\nGov wouldn't give a rat's arse if another carpenter, metalwork shop or a grocery store bought the farm, but when it comes to AI, Quantum computing, pharmaceutical breakthroughs, space flight etc. they're reasonably more sensitive.", '11pxcno'], ['u/karnoculars', 11, '2023-03-13 16:15', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc2cfvt/', "Reading any thread right now about SVB is painful because 98% of people have no idea what they are talking about, and yet say it with such confidence that they get upvoted anyways.\n\nI guess that's reddit in a nutshell.", '11pxcno'], ['u/FarRaspberry7482', 10, '2023-03-13 18:17', 'https://www.reddit.com/r/stocks/comments/11pxcno/why_have_fdic_when_fed_insures_it_anyway/jc2uw5l/', 'they had all their eggs in one basket which is "risky shit". They don\'t sell loan products at a proportion similar to other commercial banks due to their client demographics. Dumping everything into t bills is dumb. \n\nI saw tons of posts on reddit a year ago asking how to navigate a high interest rate environment. If redditors knew to mitigate interest rate risks then it\'s expected that SVB should be doing that as well.', '11pxcno']]], ['u/EntertainmentDry7640', '21 & lost 300k today gambling on stake...', 16, '2023-03-13 03:25', 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/', "Just lost 300k today on stake.... made it from crypto + gambling and my gambling session lasted around 4 days. Im 21 and that was a journey. I feel so empty like nothing matters, im just wondering if it'll ever get better. I don't know how im going to put this past me and i feel as if no matter what i do now ill never be able to get a normal job and work a 9-5. I never wanted to slave away, and that 300k i made from trading crypto/nfts + gambling was meant to be my way out. I had around 13 btc and when btc does go to around 100k+ i wouldbe been on 1.3m. I believe that's probably worse case scenarios and some people say that in 2030 it could go to 500k + which means i wouldve been on around 6.5m within my 30's perhaps even more as i wouldve sold at around 90k, rebought around the next crash and so on.\n\nTheres a lot of if statements, but if you understand the fundamentals of bitcoin you would know that its not unlikely and probably more likely than unlikely.\n\nSo im not sad over just my 300k loss but mostly the fact that i probably wouldve never had to work a day in my life again. I know probably around next year ill wake up to see bitcoin on 100k+ and I will be even more broken than I am now. Thats the worst part about it. Its like a slow torture of watching what couldve been.\n\nI was gambling to cope from the stress of assignments, so i was on no sleep for 24+ hours and alot of adderall and i just lost control. It started from a 1k deposit and i thought this cant go that wrong.\n\nI dont know what to do i feel completely empty and usually I try to stay stoic and not think about things like this usually, and coming on here and seeing how worse it could be doesn't really make me feel better to be honest. I lost the 12 btc within a few hours and i just dont know what to do with myself. There was so many investments i couldve made and properties i couldve bought, which i wouldnt have actually minded losing the money on as atleast it would have taught me a lot more than what this has taught me, which was just not to be greedy. Saying that, i did make 150k of that through gambling over a period of 4 days , and each day i kept saying i shouldnt be greedy but i just kept making more.\n\n&#x200B;\n\nI still have around 30k left and i hope i dont deposit that and to be honest i dont know how i didnt, as i was chasing a 20k loss the whole time so im suprised i didnt deposit the last 30 and just be completely clean. Maybe i will , hopefully not as i can still use that money to make more money with actual investments.\n\n&#x200B;\n\nI hope everyone gets the help they need and i also honestly hope i dont spend my whole life dwelling over what couldve been and chasing my 300k loss. This is not one of those things i can just get over either as it was completely within my control. I feel as if the death of a close family member would be easier to come to acceptance with as its something completely out of my hands. This on the otherhand was completely my fault, hence why it hurts the most.\n\n&#x200B;\n\nUpdate : Basically 24 hours later, it feels so much better now, i was reading similar reddit posts before i made mine and i was thinign holy fuck its never gunna get better ever im just gunna be miserable , next day i feel fine it still pops into my head sometimes like fuckk but then i just quickly remind myself that its done and gone now forever i just have to use it as motivation to make more money", 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/', '11pxhe0', [['u/Medical_Ad821', 22, '2023-03-13 04:56', 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/jc0lqr0/', 'How the Fuck did you have 300k at 21?', '11pxhe0'], ['u/Immediate-World9632', 34, '2023-03-13 05:01', 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/jc0m9sf/', 'Take the 30 K and Give it all to a trusted loved one . RIGHT NOW. Or you will lose it all.', '11pxhe0'], ['u/Long_Live_Capitalism', 14, '2023-03-13 09:26', 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/jc17qq2/', 'Same way they lost it…. Balls to the wall', '11pxhe0'], ['u/BarelyHere5', 20, '2023-03-13 13:28', 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/jc1qspo/', 'Judging from this post and your comments you are insanely insanely delusional about money and life in general. Which I get it, you’re 21. But to look down upon “regular people” working 9-5’s is comical. Yeah it’s called taking responsibility for your life and not being delusional about being the next jeff bezos from NFTS then gambling 300k away in fuckin 4 days. Get a grip on reality, you aren’t special, you will need to work a 9-5 or you will be subjected to immense pain. The fact you even alluded to people making 20k a month online by “selling stupid shit” shows how much you aren’t in touch with reality. The guy you see on YouTube doing that is a 1 in 1 million person who had immense luck and immense work ethic. You seem to just want to go woah is me and cry about working a job. Get a grip or this will get worse for you. Seek therapy immediately and hand over whatever money you have left to a person you trust. Otherwise I expect to come on here in a week and seeing you crying about losing the remaining 30k and believe me, that will be happening. Good luck', '11pxhe0'], ['u/BarelyHere5', 10, '2023-03-13 14:40', 'https://www.reddit.com/r/problemgambling/comments/11pxhe0/21_lost_300k_today_gambling_on_stake/jc1z5ha/', 'All I can say is good luck. You are in for a very rude awakening. The fact you even think a surgeon makes anywhere close to 150k is funny as hell. Try 300k. But if you want to try your get rich scheme you found on Tik Tok by all means go for it. Just don’t cry when you are living on the side of the street or with your parents till you are 45 cause “next years the year mom, I get rich next year surely!!”', '11pxhe0']]], ['u/patrickhughes96', "What are some of crypto's weirder historic trends", 15, '2023-03-13 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11pxsje/what_are_some_of_cryptos_weirder_historic_trends/', "Curious to know what you're most happy to see gone, what you wish was still around and what was just straight up weird in the earlier days of crypto. \n\nIt wasn't until a friend told me about kfc offering up bucket meals in exchange for bitcoin that I realized how strange some of the history has been. Who knows what weird and wonderful things we'll see next time interest from the mainstream spikes. \n\nSomething I'm glad to see disappear around me (unsure if they're still going strong overseas) was the influx of really expensive 'bitcoin atm's' that charged a ridiculous markup from the market rate.", 'https://www.reddit.com/r/CryptoCurrency/comments/11pxsje/what_are_some_of_cryptos_weirder_historic_trends/', '11pxsje', [['u/Blooberino', 12, '2023-03-13 03:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11pxsje/what_are_some_of_cryptos_weirder_historic_trends/jc0dp42/', 'Dogecoin did a >75x in 5 months. For no reason whatsoever.', '11pxsje']]], ['u/Mcreekm', "'Cindy' wants to talk about the stock market", 24, '2023-03-13 04:21', 'https://www.reddit.com/r/Scams/comments/11pyoww/cindy_wants_to_talk_about_the_stock_market/', "Hey y'all, this is about something that's happening to my hubby.\n 'Cindy' texted my husband out of the blue, a totally random phone number, and he started chatting with her initially because that is his aunt's name. \nNow this person wants to talk to him about stocks and has got him investing in something online. He now texts with 'Cindy' for several hours each day (about stocks, he says) and this person 'gets mad and yells at him' if he doesn't follow her instructions exactly. Apparently this is an 'asian' person (his description), he says they are from Hong Kong, this person is 'advising' him on the Asian stock market.\nY'all, I just found out about this the day before yesterday and I am so afraid of ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold. Crude oil futures dropped over 4% to a three-month low. Data showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis, it rose 6.0% in February, compared with 6.4% in January. U.S. Treasury yields moderately extended gains following the data, indicating some expectation that the Fed could continue to raise rates but at a gradual pace. [US/] "The CPI report although in line and not perfect did not scream that they have no choice but to raise. The Fed still has options, which is a good thing," said Jamie Cox, managing partner for Harris Financial Group in Richmond, Virginia. Tuesday\'s broad gains in equity markets signaled a "relief rally," he said. The Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15. All 11 major sectors in the S&P 500 ended the trading day higher. U.S. bank stocks jumped, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors. European shares closed up 1.53%, notching their largest one-day gain since December and marking the first gain in four sessions. [.EU] European banks rebounded 2.5%, one day after their largest one-day sell-off in over a year. The MSCI All-World index reversed early losses to advance 0.84%, gaining for the first in six sessions. As recently as a week ago, investors were just recovering from a reality check that prompted many to assume rates around the world were likely to head much higher and stay there for longer than previously expected. Story continues "The 50-basis-point hikes are off the table for now. Markets are too fragile," Harris Financial Group\'s Cox said in a phone interview. In under a week, three U.S. banks have collapsed. It was the failure of technology-sector lender Silicon Valley Bank (SVB) that rattled investor confidence and triggered a rush into safe-haven assets like bonds and gold. On Tuesday, ratings agency Moody\'s cut its outlook on the U.S. banking system to "negative" from "stable." Banking stocks around the world have shed hundreds of billions of dollars in value in a matter of days, while the government bond market has seen one of its biggest rallies in decades. In afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225%, while the benchmark 10-year yield gained 12 bps at 3.637%. The yield curve extended its inversion in the wake of the CPI data as investors started to price in a rate hike next week. Germany\'s two-year yield rose to 2.883% after falling by 37 basis points a day earlier.[GVD/EUR] Expectations for the peak of the ECB deposit rate dropped to around 3.4% on Monday from 4.1% last Thursday, with markets betting central banks would soften their policy stance as they assess financial stability risks. The euro was up 0.01% on the day, having gained 1.51% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, retreated 0.01%. The dollar rose 0.77% against the yen, with the yen pressured as recent safe-haven flows and Treasury yields reversed. Gold\'s safe-haven rally also dried up on Tuesday in the face of higher Treasury yields. Spot gold prices were last down 0.5% at 4:%1 p.m. EDT (2051 GMT). U.S. gold futures finished down 0.3% at $1,910.90. Oil prices were down on lingering concerns that a fresh financial crisis could reduce future oil demand. Brent futures, the global benchmark, fell 4.1% to settle at $77.45 a barrel, while U.S. crude settled down 4.6% at $71.33. They were the lowest closes for both benchmarks since Dec. 9 and their biggest one-day percentage declines since early January. In addition, both contracts fell into technically oversold territory for the first time in weeks. Bitcoin hit a nine-month high, taking gains past 30% in four sessions. New York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto." (Reporting by Tom Westbrook Editing by Sonali Paul, Mark Potter, Leslie Adler and Daniel Wallis)', 'By Chris Prentice and Amanda Cooper\nNEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week.\nBond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold.\nCrude oil futures dropped over 4% to a three-month low.\nData showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis, it rose 6.0% in February, compared with 6.4% in January.\nU.S. Treasury yields moderately extended gains following the data, indicating some expectation that the Fed could continue to raise rates but at a gradual pace. [US/]\n"The CPI report although in line and not perfect did not scream that they have no choice but to raise. The Fed still has options, which is a good thing," said Jamie Cox, managing partner for Harris Financial Group in Richmond, Virginia.\nTuesday\'s broad gains in equity markets signaled a "relief rally," he said.\nThe Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15.\nAll 11 major sectors in the S&P 500 ended the trading day higher.\nU.S. bank stocks jumped, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors.\nEuropean shares closed up 1.53%, notching their largest one-day gain since December and marking the first gain in four sessions. [.EU]\nEuropean banks rebounded 2.5%, one day after their largest one-day sell-off in over a year.\nThe MSCI All-World index reversed early losses to advance 0.84%, gaining for the first in six sessions.\nAs recently as a week ago, investors were just recovering from a reality check that prompted many to assume rates around the world were likely to head much higher and stay there for longer than previously expected.\n"The 50-basis-point hikes are off the table for now. Markets are too fragile," Harris Financial Group\'s Cox said in a phone interview.\nIn under a week, three U.S. banks have collapsed. It was the failure of technology-sector lender Silicon Valley Bank (SVB) that rattled investor confidence and triggered a rush into safe-haven assets like bonds and gold.\nOn Tuesday, ratings agency Moody\'s cut its outlook on the U.S. banking system to "negative" from "stable."\nBanking stocks around the world have shed hundreds of billions of dollars in value in a matter of days, while the government bond market has seen one of its biggest rallies in decades.\nIn afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225%, while the benchmark 10-year yield gained 12 bps at 3.637%. The yield curve extended its inversion in the wake of the CPI data as investors started to price in a rate hike next week.\nGermany\'s two-year yield rose to 2.883% after falling by 37 basis points a day earlier.[GVD/EUR]\nExpectations for the peak of the ECB deposit rate dropped to around 3.4% on Monday from 4.1% last Thursday, with markets betting central banks would soften their policy stance as they assess financial stability risks.\nThe euro was up 0.01% on the day, having gained 1.51% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, retreated 0.01%.\nThe dollar rose 0.77% against the yen, with the yen pressured as recent safe-haven flows and Treasury yields reversed.\nGold\'s safe-haven rally also dried up on Tuesday in the face of higher Treasury yields. Spot gold prices were last down 0.5% at 4:%1 p.m. EDT (2051 GMT). U.S. gold futures finished down 0.3% at $1,910.90.\nOil prices were down on lingering concerns that a fresh financial crisis could reduce future oil demand.\nBrent futures, the global benchmark, fell 4.1% to settle at $77.45 a barrel, while U.S. crude settled down 4.6% at $71.33.\nThey were the lowest closes for both benchmarks since Dec. 9 and their biggest one-day percentage declines since early January. In addition, both contracts fell into technically oversold territory for the first time in weeks.\nBitcoin hit a nine-month high, taking gains past 30% in four sessions.\nNew York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto."\n(Reporting by Tom Westbrook Editing by Sonali Paul, Mark Potter, Leslie Adler and Daniel Wallis)', 'Bitcoin continued to gain momentum in Tuesday morning trading in Asia after a bounce back yesterday as regulators acted to backstop the U.S. banking industryfollowing failures at California-based lenders, a move that also helpedrestore parity to the USDC stablecoin.Most of the top 10 non-stablecoin cryptocurrencies gained. However, U.S. equities closed mixed on Monday, rattled by the bank failures, while speculation grew that the bank problem may cause the Federal Reserve to pause plans to raise interest rates.\nSee related article:Banks are bringing systemic risks to crypto, says Circle’s Disparte\n• Bitcoin surged 7.21% in the past 24 hours to US$24,251 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The world’s largest cryptocurrency is up 8% for the past seven days, after erasing losses earlier in the month when crypto-linked bank Silvergate failed and triggered a sell-off in the crypto market.\n• Ether rose 3.08% to US$1,673, a gain of 6.84% in the past seven days.\n• Crypto exchange Binance’s BNB token jumped 5.09% to US$308.94, posting the second largest gains in the top 10 by market capitalization and gaining 7.06% for the seven-day period. Binance CEO Changpeng Zhaotweetedon Monday that Binance will convert its US$1 billion Industry Recovery Initiative funds from BUSD to cryptocurrencies including BNB, Bitcoin and Ether, offering buying support to the crypto market given the wobbles in stablecoins and banks.\n• USD Coin (USDC), the second largest stablecoin by market capitalization that briefly lost its peg to the U.S. dollar at the weekend, has recovered to US$0.9987, according to CoinMarketCap. Circle, the issuer of USDC, announceda new partnership with New Jersey-based Cross River Bankon Monday, following theshutdown of Silicon Valley Bank.\n• XRP dipped 1.26% to US$0.3715 and led the losers, but was still trading up 0.73% for the week. Crypto transaction tracker Whale Alertreporteda wave of large XRP transactions on Monday, totaling over 916 million XRP.\n• The total crypto market capitalization rose 4.61% in the past 24 hours to US$1.08 trillion. Total trading volume over the last 24 hours rose 35.57% to US$93.65 billion.\n• U.S. equities closed mixed on Monday. The Dow Jones Industrial Average dropped 0.28%, the S&P 500 dipped 0.15% and the Nasdaq Composite Index edged up 0.45%.\n• U.S. bank shares were hit hard despite assurances fromU.S. regulatorsand President Joe Biden that deposits are protected. First Republic, a San Francisco-headquartered bank, fell more than 60% and was briefly suspended from trading, according toCNBC.\n• Until March arrived with its banking woes, investors had been focused on what will be the size of the next interest rate hike from the Federal Reserve to slow inflation. But the bank problems have generated speculation the Fed may pause this policy. Goldman Sachs said the Fed is unlikely to raise rates at its next meeting on March 22, reversing a previous forecast for a 25 basis point increase, according toReuterson Monday.\n• The key inflation indicator out this week is the U.S. February consumer price index (CPI), released by the Labor Department on Tuesday. AReuterspoll forecast the CPI to rise 0.6% by month and 6% by year, a dip from the6.4%for the year ended January 2023, but still well ahead of the Fed’s statedgoalto keep annual inflation below 2%.\n• Analysts at theCME Groupexpect a 65.0% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 35%.\n• Interest rates in the U.S. are between 4.5% to 4.75%, the highest since October 2007.\nSee related article:Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk', 'Bitcoin continued to gain momentum in Tuesday morning trading in Asia after a bounce back yesterday as regulators acted to backstop the U.S. banking industry following failures at California-based lenders , a move that also helped restore parity to the USDC stablecoin. Most of the top 10 non-stablecoin cryptocurrencies gained. However, U.S. equities closed mixed on Monday, rattled by the bank failures, while speculation grew that the bank problem may cause the Federal Reserve to pause plans to raise interest rates. See related article: Banks are bringing systemic risks to crypto, says Circle\x92s Disparte Fast facts Bitcoin surged 7.21% in the past 24 hours to US$24,251 at 09:00 a.m. in Hong Kong, according to CoinMarketCap data . The world\x92s largest cryptocurrency is up 8% for the past seven days, after erasing losses earlier in the month when crypto-linked bank Silvergate failed and triggered a sell-off in the crypto market. Ether rose 3.08% to US$1,673, a gain of 6.84% in the past seven days. Crypto exchange Binance\x92s BNB token jumped 5.09% to US$308.94, posting the second largest gains in the top 10 by market capitalization and gaining 7.06% for the seven-day period. Binance CEO Changpeng Zhao tweeted on Monday that Binance will convert its US$1 billion Industry Recovery Initiative funds from BUSD to cryptocurrencies including BNB, Bitcoin and Ether, offering buying support to the crypto market given the wobbles in stablecoins and banks. USD Coin (USDC), the second largest stablecoin by market capitalization that briefly lost its peg to the U.S. dollar at the weekend, has recovered to US$0.9987, according to CoinMarketCap. Circle, the issuer of USDC, announced a new partnership with New Jersey-based Cross River Bank on Monday, following the shutdown of Silicon Valley Bank . XRP dipped 1.26% to US$0.3715 and led the losers, but was still trading up 0.73% for the week. Crypto transaction tracker Whale Alert reported a wave of large XRP transactions on Monday, totaling over 916 million XRP. The total crypto market capitalization rose 4.61% in the past 24 hours to US$1.08 trillion. Total trading volume over the last 24 hours rose 35.57% to US$93.65 billion. U.S. equities closed mixed on Monday. The Dow Jones Industrial Average dropped 0.28%, the S&P 500 dipped 0.15% and the Nasdaq Composite Index edged up 0.45%. U.S. bank shares were hit hard despite assurances from U.S. regulators and President Joe Biden that deposits are protected. First Republic, a San Francisco-headquartered bank, fell more than 60% and was briefly suspended from trading, according to CNBC . Until March arrived with its banking woes, investors had been focused on what will be the size of the next interest rate hike from the Federal Reserve to slow inflation. But the bank problems have generated speculation the Fed may pause this policy. Goldman Sachs said the Fed is unlikely to raise rates at its next meeting on March 22, reversing a previous forecast for a 25 basis point increase, according to Reuters on Monday. The key inflation indicator out this week is the U.S. February consumer price index (CPI), released by the Labor Department on Tuesday. A Reuters poll forecast the CPI to rise 0.6% by month and 6% by year, a dip from the 6.4% for the year ended January 2023, but still well ahead of the Fed\x92s stated goal to keep annual inflation below 2%. Analysts at the CME Group expect a 65.0% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 35%. Interest rates in the U.S. are between 4.5% to 4.75%, the highest since October 2007. See related article: Circle\x92s USDC stablecoin regains parity as regulators act to stop bank run risk', 'Bitcoin continued to gain momentum in Tuesday morning trading in Asia after a bounce back yesterday as regulators acted to backstop the U.S. banking industryfollowing failures at California-based lenders, a move that also helpedrestore parity to the USDC stablecoin.Most of the top 10 non-stablecoin cryptocurrencies gained. However, U.S. equities closed mixed on Monday, rattled by the bank failures, while speculation grew that the bank problem may cause the Federal Reserve to pause plans to raise interest rates.\nSee related article:Banks are bringing systemic risks to crypto, says Circle’s Disparte\n• Bitcoin surged 7.21% in the past 24 hours to US$24,251 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The world’s largest cryptocurrency is up 8% for the past seven days, after erasing losses earlier in the month when crypto-linked bank Silvergate failed and triggered a sell-off in the crypto market.\n• Ether rose 3.08% to US$1,673, a gain of 6.84% in the past seven days.\n• Crypto exchange Binance’s BNB token jumped 5.09% to US$308.94, posting the second largest gains in the top 10 by market capitalization and gaining 7.06% for the seven-day period. Binance CEO Changpeng Zhaotweetedon Monday that Binance will convert its US$1 billion Industry Recovery Initiative funds from BUSD to cryptocurrencies including BNB, Bitcoin and Ether, offering buying support to the crypto market given the wobbles in stablecoins and banks.\n• USD Coin (USDC), the second largest stablecoin by market capitalization that briefly lost its peg to the U.S. dollar at the weekend, has recovered to US$0.9987, according to CoinMarketCap. Circle, the issuer of USDC, announceda new partnership with New Jersey-based Cross River Bankon Monday, following theshutdown of Silicon Valley Bank.\n• XRP dipped 1.26% to US$0.3715 and led the losers, but was still trading up 0.73% for the week. Crypto transaction tracker Whale Alertreporteda wave of large XRP transactions on Monday, totaling over 916 million XRP.\n• The total crypto market capitalization rose 4.61% in the past 24 hours to US$1.08 trillion. Total trading volume over the last 24 hours rose 35.57% to US$93.65 billion.\n• U.S. equities closed mixed on Monday. The Dow Jones Industrial Average dropped 0.28%, the S&P 500 dipped 0.15% and the Nasdaq Composite Index edged up 0.45%.\n• U.S. bank shares were hit hard despite assurances fromU.S. regulatorsand President Joe Biden that deposits are protected. First Republic, a San Francisco-headquartered bank, fell more than 60% and was briefly suspended from trading, according toCNBC.\n• Until March arrived with its banking woes, investors had been focused on what will be the size of the next interest rate hike from the Federal Reserve to slow inflation. But the bank problems have generated speculation the Fed may pause this policy. Goldman Sachs said the Fed is unlikely to raise rates at its next meeting on March 22, reversing a previous forecast for a 25 basis point increase, according toReuterson Monday.\n• The key inflation indicator out this week is the U.S. February consumer price index (CPI), released by the Labor Department on Tuesday. AReuterspoll forecast the CPI to rise 0.6% by month and 6% by year, a dip from the6.4%for the year ended January 2023, but still well ahead of the Fed’s statedgoalto keep annual inflation below 2%.\n• Analysts at theCME Groupexpect a 65.0% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 35%.\n• Interest rates in the U.S. are between 4.5% to 4.75%, the highest since October 2007.\nSee related article:Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk', 'SinceSilicon Valley Bank\'s meltdown on Thursday morning, more than 400 startups in Latin America seeking a new home for their international banking needs have fled to a single Brazilian fintech startup calledTrace Finance."Throughout Thursday and Friday, we initiated a lot of payments out of SVB," Trace co-founder Bernardo Brites said. "We were in desperate mode, trying to help as many companies as we could."Trace itself is a nascent, seed-stage startup but has added an estimated $1.5 billion in new customer accounts to their waitlist in recent days, according to Brites. Founded in 2021 as a cross-border payments provider, Trace closed a $4.3 million seed round in February 2022 that was led by New York-basedHOF Capital.Last week, seizing on the exodus of SVB depositors, Trace launched a competitor checking account, and many founders have jumped at the opportunity. Startups includingRocket.chat,Mercado BitcoinandRentbrellahave all signed up for the new banking service, TechCrunch reported.The scramble for alternatives speaks to the chaos that SVB\'s collapse has left behind for clients in emerging-market nations.Even as the dust settles, several banking platforms are fielding requests from countless startups in Latin America that don\'t have a reliable banking partner for international transfers.Fintech startups likeBrex,RampandMercuryhave grabbed a share of the customers fleeing the lender. Brex has reportedly received billions of dollars from a slew of startups that frantically moved their capital during the past few days.\nSVB\'s collapse and the private market fallout:Complete coverage\nIn the Latin American venture economy, SVB played a leading role as a lender to startups that were raising money from international investors, said Lucas Abreu, a venture capitalist at Sao Paulo-basedAstella Investimentos. "SVB was a really important part of the ecosystem," he added.Late Monday, SVB\'s successor institution, now under federal control, declared that its operations are back online. CEO Tim Mayopoulos began encouraging depositors to return, saying the bank had resumed "business as usual," but it is far from clear whether a critical mass of customers will actually return.Latin America isn\'t the only market in which SVB was punching above its weight. Chinese startups made up SVB\'s second-largest customer base, and they could be facing lengthy obstacles to move their assets, The Information reported Tuesday.Many larger, growth-stage startups in Latin America have already transferred their money to a large bank, likeMorgan StanleyandJP Morgan. "When you have over $20 million in your account, every bank will want you," Abreu said.But it\'s a much different story for seed and early-stage startups, he said, adding, "It\'s not that attractive for the big players to capture the seed-stage companies."Many top-tier VC firms require that Latin American startups bank in the Cayman Islands or Delaware, because of their more favorable tax regimes, which presents an additional challenge to early-stage founders in emerging markets.As fintech startups scramble to capture a share of SVB\'s former customers, it remains to be seen where founders will put their money over the long term. Some, especially seed-stage startups, may eventually return to SVB."Trace Finance could really be one of the companies to capture this opportunity," Abreu said. "But it\'s still too early to tell."This story was updated to clarify that $1.5 billion in new customer accounts have been\xa0added to Trace\'s waitlist in recent days.\nRecommended read:SVB borrowers face a quandary: Wait and see, or start afresh?\nFeatured image of Sao Paulo, Brazil, by Diego Grandi/ShutterstockThis article originally appeared onPitchBook News', 'Since Silicon Valley Bank \'s meltdown on Thursday morning, more than 400 startups in Latin America seeking a new home for their international banking needs have fled to a single Brazilian fintech startup called Trace Finance . "Throughout Thursday and Friday, we initiated a lot of payments out of SVB," Trace co-founder Bernardo Brites said. "We were in desperate mode, trying to help as many companies as we could." Trace itself is a nascent, seed-stage startup but has added an estimated $1.5 billion in new customer accounts to their waitlist in recent days, according to Brites. Founded in 2021 as a cross-border payments provider, Trace closed a $4.3 million seed round in February 2022 that was led by New York-based HOF Capital . Last week, seizing on the exodus of SVB depositors, Trace launched a competitor checking account, and many founders have jumped at the opportunity. Startups including Rocket.chat , Mercado Bitcoin and Rentbrella have all signed up for the new banking service, TechCrunch reported. The scramble for alternatives speaks to the chaos that SVB\'s collapse has left behind for clients in emerging-market nations. Even as the dust settles, several banking platforms are fielding requests from countless startups in Latin America that don\'t have a reliable banking partner for international transfers. Fintech startups like Brex , Ramp and Mercury have grabbed a share of the customers fleeing the lender. Brex has reportedly received billions of dollars from a slew of startups that frantically moved their capital during the past few days. SVB\'s collapse and the private market fallout: Complete coverage In the Latin American venture economy, SVB played a leading role as a lender to startups that were raising money from international investors, said Lucas Abreu, a venture capitalist at Sao Paulo-based Astella Investimentos . "SVB was a really important part of the ecosystem," he added. Late Monday, SVB\'s successor institution, now under federal control, declared that its operations are back online. CEO Tim Mayopoulos began encouraging depositors to return, saying the bank had resumed "business as usual," but it is far from clear whether a critical mass of customers will actually return. Latin America isn\'t the only market in which SVB was punching above its weight. Chinese startups made up SVB\'s second-largest customer base, and they could be facing lengthy obstacles to move their assets, The Information reported Tuesday. Many larger, growth-stage startups in Latin America have already transferred their money to a large bank, like Morgan Stanley and JP Morgan . "When you have over $20 million in your account, every bank will want you," Abreu said. But it\'s a much different story for seed and early-stage startups, he said, adding, "It\'s not that attractive for the big players to capture the seed-stage companies." Many top-tier VC firms require that Latin American startups bank in the Cayman Islands or Delaware, because of their more favorable tax regimes, which presents an additional challenge to early-stage founders in emerging markets. As fintech startups scramble to capture a share of SVB\'s former customers, it remains to be seen where founders will put their money over the long term. Some, especially seed-stage startups, may eventually return to SVB. "Trace Finance could really be one of the companies to capture this opportunity," Abreu said. "But it\'s still too early to tell." This story was updated to clarify that $1.5 billion in new customer accounts have been\xa0added to Trace\'s waitlist in recent days. Recommended read: SVB borrowers face a quandary: Wait and see, or start afresh? Featured image of Sao Paulo, Brazil, by Diego Grandi/Shutterstock This article originally appeared on PitchBook News', 'Two top executives at Silicon Valley Bank have been slapped with a class-action lawsuit over the company’s stunning collapse. The lawsuit names CEO Greg Becker and CFO Daniel Beck, alleging they knowingly misled stockholders SVB’s ability to navigate risks. It comes hours after President Joe Biden addressed the nation regarding the SVB collapse, as the US government takes steps to try to prevent an escalating financial crisis. Mr Biden said that “no losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund”. “The management of these banks will be fired. If the bank is taken over by FDIC, the people running the bank should not work there anymore,” Mr Biden said. The president said that “investors in the banks will not be protected”. “They knowingly took a risk. And when the risk didn’t pay off, investors lose their money. That’s how capitalism works,” he added. “I’m going to ask Congress and the banking regulators to strengthen the rules for banks, to make it less likely this kind of bank failure would happen again.” Key Points New York State Department of Financial Services takes over Signature Bank Biden to ask Congress ‘to strengthen the rules for banks\' ‘Investors in the banks will not be protected’ ‘The management of these banks will be fired\' ‘No losses borne by the taxpayers’ Biden says banking system is ‘safe’ and vows accountability for Silicon Valley Bank executives 03:45 , Oliver O\'Connell President Joe Biden reassured Americans that the nation’s banking system is safe after Silicon Valley Bank collapsed last week and said there would be accountability for financial executives. The president’s actions come after the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation announced on Sunday evening that depositors for Silicon Valley Bank would have access to their money on Monday. “No losses — and this is an important point —\xa0no losses will be borne by the taxpayers,” the president said. “Instead the money will come from the fees that banks pay into the deposit insurance fund.” Story continues Eric Garcia reports from Washington, DC. Biden says banking system is ‘safe’ after Silicon Valley Bank collapse Voices: The Silicon Valley Bank collapse has made three things horrifically clear 01:45 , Oliver O\'Connell David Callaway writes: Silicon Valley Bank is no Lehman Brothers moment. Of that we were assured by regulators, banking executives and any number of media pundits over the weekend, who took pains to draw SVB’s collapse as an outlier. But as the shock waves spread around the world Sunday, from Wall Street and here in London to Asia, it became horrifically clear that an entire new and important asset class would now need to be protected – climate tech. Read more: The Silicon Valley Bank collapse has made three things horrifically clear What you need to know about the Silicon Valley Bank collapse 00:45 , Oliver O\'Connell Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe. It’s all eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. Yet the initial pace this time around seems even faster. Over the last three days, the U.S. seized the two financial institutions after a bank run on Silicon Valley Bank , based in Santa Clara, California. It was the largest bank failure since Washington Mutual went under in 2008. How did we get here? And will the steps the government unveiled over the weekend be enough? Here are some questions and answers about what has happened and why it matters: Silicon Valley Bank collapse: What you need to know Over £50bn wiped off FTSE 100 amid banking stock sell-off Monday 13 March 2023 23:45 , Oliver O\'Connell More than £50 billion has been wiped off the UK’s biggest stock market on Monday after the second and third biggest bank failures in US history spooked investors across the globe. The collapse of tech-focused Silicon Valley Bank sparked fears across Wall Street that the banking system was being crippled by a relentless cycle of interest rate rises. Read more: More than £50bn wiped off FTSE 100 amid banking stock sell-off Premium: Silicon Valley rescue saves UK tech industry – but shares in other banks plummet Monday 13 March 2023 23:00 , Oliver O\'Connell Britain’s tech industry was saved from a crisis on Monday after HSBC rescued the UK arm of Silicon Valley Bank in a deal brokered by the government and the Bank of England. Read more: Silicon Valley rescue saves UK tech industry – but shares in other banks plummet Start-ups, small businesses and online sellers despair at frozen funds Monday 13 March 2023 22:15 , Oliver O\'Connell It’s not just large tech firms and venture capital funds caught up in the collapse of Silicon Valley Bank . There are numerous small businesses, kitchen table start-ups and side-hustle online retailers impacted by the sudden bank failure. They range from business owners unable to pay employees to Etsy sellers worried about paying bills as online payments stalled. Many have taken to social media to vent their frustrations. Online retailers despair in wake of Silicon Valley Bank collapse Voices: The ghosts of the 2008 financial crisis loom over Biden’s response to Silicon Valley Bank Monday 13 March 2023 21:45 , Oliver O\'Connell Eric Garcia writes: When President Joe Biden announced on Monday that people who had deposited their money in the now-unraveled Silicon Valley Bank would have their money available, he emphasised that American taxpayers would not be left on the hook. Similarly, he added that the people responsible at the bank would need to be fired and that investors in Silicon Valley Bank would not be made whole, arguing that they took a risk and now have to suffer the losses. On the surface, the Silicon Valley Bank collapse, as well as the closing of Signature Bank in New York, appears quite similar to the 2008 financial crisis that took banks like AIG to the brink and led to the collapse of Lehman Brothers. At the time, Mr Biden was a sitting senator running for vice president alongside Barack Obama. Both of them, as well as their White House opponent at the time, voted for the Troubled Assets Relief Program, or TARP, which became known as the “bailout” in the popular imagination. But there are important distinctions between 2008 and today. Read on: Ghosts of the 2008 financial crisis loom over Biden’s response to Silicon Valley Bank Shopify CEO: ‘Very minor impact for us\' Monday 13 March 2023 21:30 , Oliver O\'Connell Tobi Lutke, CEO of e-commerce platform Shopify, shared an email sent out to merchants offering to help if their funds were frozen at Silicon Valley Bank and confirmed that the collapse of the bank had only had “very minor impact for us”. Email we just sent to affected Shopify merchants pic.twitter.com/77MzG8F0bh — tobi lutke (@tobi) March 12, 2023 Watch: Ro Khanna says stock sale money should be ‘clawed back’ for depositors Monday 13 March 2023 21:16 , Oliver O\'Connell Silicon Valley Bank CEO Gregory Becker sold $3.6 million of stock weeks before the bank collapsed. On Sunday, Democratic California Rep. Ro Khanna told @margbrennan that he thinks the “money should be clawed back,” and “given to the depositors.” pic.twitter.com/iGEBagXmOg — Face The Nation (@FaceTheNation) March 13, 2023 Fed’s top regulator to lead review of supervision of SVB Monday 13 March 2023 21:05 , Oliver O\'Connell The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be publicly released by 1 May. “The events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review by the Federal Reserve,” said Chair Jerome H. Powell. “We need to have humility, and conduct a careful and thorough review of how we supervised and regulated this firm, and what we should learn from this experience,” said Vice Chair Barr. Democrat lawmaker posts TikTok Silicon Valley Bank explainer Monday 13 March 2023 20:45 , Oliver O\'Connell Democratic Rep Jeff Jackson of North Carolina has posted a helpful explainer about the Silicon Valley Bank collapse to TikTok in which he lays out as clearly as possible what happened to the doomed bank, what the federal government is doing about it, and why it is important not to panic. Watch below: Warren: ‘We need stronger rules and stronger oversight of banks like SVB\' Monday 13 March 2023 20:40 , Oliver O\'Connell We need stronger rules and stronger oversight for banks like SVB. And to deter this kind of risky behavior from happening again, those responsible for it must not be rewarded. SVB and Signature executives must be held accountable. — Elizabeth Warren (@ewarren) March 13, 2023 FDIC planning another auction of Silicon Valley Bank Monday 13 March 2023 20:30 , Oliver O\'Connell Per The Wall Street Journal : Regulators are planning to take another crack at auctioning failed Silicon Valley Bank, according to people familiar with the matter, after they were unable to find a buyer for the firm over the weekend. Officials from the Federal Deposit Insurance Corp told Senate Republicans on Monday that they had additional flexibility to sell the firm now that regulators had declared its failure a threat to the financial system, according to people familiar with the briefing and notes on the discussion reviewed by The Wall Street Journal. Sliding bank shares drag Wall Street in choppy trade Monday 13 March 2023 20:25 , Oliver O\'Connell Sliding bank shared dragged Wall Street on Monday with investors worried about contagion from the Silicon Valley Bank collapse, but trade was choppy and some sectors benefited from hopes the Federal Reserve could ease up on interest rate hikes. SVB Financial\'s sudden shutdown on Friday after a failed capital raise had investors worried about risks to other banks from the Fed\'s sharp rate hikes over the last year. But many speculated the central bank could now become less hawkish, and the yield on the 2-year Treasury tumbled. Regulators over the weekend stepped in to restore investor confidence in the banking system, saying SVB\'s depositors will have access to their funds on Monday. To some investors, the Fed\'s decision next week will also hinge on inflation data due this week. "If we get shockingly bad Consumer Price Index and Producer Price Index, the Fed is going to find itself in a tough spot or a much tougher spot that it even finds itself in ahead of those prints," said Orion Advisor Solutions CIO Timothy Holland. According to preliminary data, the S&P 500 lost 5.82 points, or 0.16%, to end at 3,855.54 points, while the Nasdaq Composite gained 49.74 points, or 0.45%, to 11,188.63. The Dow Jones Industrial Average fell 86.66 points, or 0.27%, to 31,822.08. The benchmark S&P 500 is now up about 1% for the year so far. Earlier in the session it fell, briefly erasing all the year-to-date gains. Reuters SVB CEO and CFO hit with class action suit Monday 13 March 2023 20:05 , Oliver O\'Connell A class action suit has been filed against Silicon Valley Bank CEO Greg Becker and Chief Financial Officer Daniel Beck over the bank’s collapse. Filed today in the Northern District of California, the suit claims that the company misled stockholders about the bank’s ability to deal with potential risks such as rising interest rates. It claims both Mr Becker and Mr Beck “knew that the public documents and statements issued or disseminated in the name of the Company were materially false and misleading”. Read the full filing here . Thiel group withdrew all funds from Silicon Valley Bank before collapse, report says Monday 13 March 2023 19:45 , Oliver O\'Connell Peter Thiel’s Founders Fund withdrew all of its funds from Silicon Valley Bank before the bank collapsed, according to reporting by Bloomberg . A source said that the fund — started by PayPal cofounder Thiel — began experiencing problems using the bank’s services and decided to close its exposure. The group was in the midst of asking investment partners to send funds to invest in a company to its SVB account but they did not immediately go through as expected. They were instructed to send the funds to other banks instead. Founders Fund was not alone in withdrawing money from SVB as other venture funds took steps to limit their exposure as the bank descended into chaos. The source did not tell Bloomberg if the group’s cash withdrawals happened on Thursday when worries about the state of the bank really took off, or if this occurred prior to that. Germany imposes moratorium on German SVB branch Monday 13 March 2023 19:15 , Oliver O\'Connell Germany’s financial regulator BaFin on Monday said it was imposing a moratorium on the German branch of Silicon Valley Bank in the wake of its demise and noted the branch has “no systemic relevance”. The bank opened a small branch in 2018 after it won a license to lend. BaFin said that the situation posed no “threat to financial stability”. Reuters Bernie Sanders blames bank collapse on Trump Monday 13 March 2023 19:00 , Oliver O\'Connell Senator Bernie Sanders issued the following statement on the collapse of Silicon Valley Bank: “Let’s be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed. Five years ago, the Republican Director of the Congressional Budget Office released a report finding that this legislation would ‘increase the likelihood that a large financial firm with assets of between $100 billion and $250 billion would fail’. “Unfortunately, that is precisely what happened. During the debate over the legislation I said: ‘Are our memories so short that we learned nothing from the 2008 Wall Street crash? Have we learned nothing from the Savings and Loan disaster of the early 1990s or the thievery of Wells Fargo over the last couple of years or the dishonesty of Equifax or the accounting fraud at Enron and Arthur Anderson or the failure of Long-Term Capital Management or the billions of dollars in fines that financial institution after financial institution has paid out for illegal or deceptive activities?’ Sadly, the Republican Congress and the Trump Administration answered all of these questions with a resounding NO. “Now is not the time for US taxpayers to bail out Silicon Valley Bank. If there is a bailout of Silicon Valley Bank, it must be 100 per cent financed by Wall Street and large financial institutions. We cannot continue down the road of more socialism for the rich and rugged individualism for everyone else. Let us have the courage to stand up to Wall Street, repeal the disastrous 2018 bank deregulation law, break up too-big-to-fail banks and address the needs of working families, not the risky bets of vulture capitalists.” My statement on Silicon Valley Bank. pic.twitter.com/dwB8xdhCwm — Bernie Sanders (@SenSanders) March 12, 2023 Haley attacks Biden’s ‘bailout’ of Silicon Valley Bank Monday 13 March 2023 18:30 , Oliver O\'Connell Republican presidential candidate and former US Ambassador to the UN Nikki Haley has called on President Joe Biden to be upfront with the American people about the “bailout” of Silicon Valley Bank. In a statement, the former South Carolina governor said: “Joe Biden is pretending this isn’t a bailout. It is. Now depositors at healthy banks are forced to subsidise Silicon Valley Bank’s mismanagement. When the Deposit Insurance Fund runs dry, all bank customers are on the hook. That’s a public bailout.” She adds: “Depositors should be paid by selling off Silicon Valley Bank’s assets, not by the public. Taxpayers should not be responsible.” Joe Biden is pretending this isn\'t a bailout. It is. Now depositors at healthy banks are forced to subsidize Silicon Valley Bank\'s mismanagement. When the Deposit Insurance Fund runs dry, all bank customers are on the hook. That’s a public bailout. Depositors should be paid by… https://t.co/LDmCR9NOCd — Nikki Haley (@NikkiHaley) March 13, 2023 Timeline: Collapse of Silicon Valley Bank Monday 13 March 2023 18:15 , Oliver O\'Connell Visual Capitalist prepared this helpful timeline of the collapse of Silicon Valley Bank over a 10-day period since the end of February. Timeline: The Shocking Collapse of Silicon Valley Bank 🏦 pic.twitter.com/YQnm2yCYaA — Visual Capitalist (@VisualCap) March 13, 2023 Canadian regulator takes control of SVB’s Toronto branch Monday 13 March 2023 18:00 , Oliver O\'Connell Canada’s Superintendent of Financial Institutions has taken temporary control of the assets of the Canadian branch of Silicon Valley Bank, as well as issuing notice that he intends to seek permanent control of its assets and requesting that the Attorney General of Canada apply for a Winding-Up Order. Silicon Valley Bank operates in Canada as a Foreign Bank Branch based in Toronto that is supervised by the Office of the Superintendent of Financial Institutions (OSFI). Its business in Canada is primarily lending to corporate clients. This branch does not hold any commercial or individual deposits in Canada. Peter Routledge, Superintendent of Financial Institutions, said: “By taking temporary control of the Canadian branch of Silicon Valley Bank, we are acting to protect the rights and interests of the branch’s creditors. I want to be clear: the Silicon Valley Bank branch in Canada does not take deposits from Canadians, and this situation is the result of circumstances particular to Silicon Valley Bank in the United States.” Congress enabled Silicon Valley Bank collapse, says Warren Monday 13 March 2023 17:45 , Oliver O\'Connell Senator Elizabeth Warren (Getty Images) Senator Elizabeth Warren says that Congress enabled the collapse of Silicon Valley Bank. Writing in The New York Times on Monday, the longtime foe of Wall Street deregulation pointed the finger squarely at bank executives pressuring Congress to weaken the Dodd-Frank Act put in place after the 2008 financial crisis. She writes: Greg Becker, the chief executive of Silicon Valley Bank, was one of the \u200cmany high-powered executives who lobbied Congress to weaken the law. In 2018, the big banks won. With support from both parties, President Donald Trump signed a law to roll back critical parts of Dodd-Frank. Regulators, including the Federal Reserve chair Jerome Powell, then made a bad situation worse, \u200c\u200cletting financial institutions load up on risk. Banks like SVB \u200c— which had become the 16th largest bank in the country before regulators shut it down on Friday \u200c—\u200c got relief from stringent requirements, basing their claim on the laughable assertion that banks like them weren’t actually “big” \u200cand therefore didn’t need strong oversight. \u200c Senator Warren says she warned about these risks in 2018 and wishes she had been wrong. Voices: The Silicon Valley Bank collapse has made three things horrifically clear Monday 13 March 2023 17:30 , Oliver O\'Connell David Callaway writes: Silicon Valley Bank is no Lehman Brothers moment. Of that we were assured by regulators, banking executives and any number of media pundits over the weekend, who took pains to draw SVB’s collapse as an outlier. But as the shock waves spread around the world Sunday, from Wall Street and here in London to Asia, it became horrifically clear that an entire new and important asset class would now need to be protected – climate tech. Read more: The Silicon Valley Bank collapse has made three things horrifically clear Monday 13 March 2023 17:15 , Oliver O\'Connell Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they will be able to pay their workers. It won\'t cost taxpayers a dime. This is paid for with the fees that banks pay into the Deposit Insurance Fund. pic.twitter.com/1rv949k3X5 — President Biden (@POTUS) March 13, 2023 Is this another Lehman Brothers moment? Monday 13 March 2023 17:00 , Oliver O\'Connell While the failure of two banks in three days has spooked investors and brought back memories of the collapse of Lehman Brothers in 2008, the two situations are, for now, quite different. Lehman Brothers was brought down by having large holdings of subprime mortgage debt, something that was found on the balance sheet of every large bank, which was why the federal government needed to step in to prevent a complete collapse. In the case of Silicon Valley Bank, its business is very focused on tech and venture capital firms as well as some other regional businesses in California. As the tech industry losses grew in recent months the bank got into increasing difficulty as its clients withdrew more and more money as borrowing became more expensive due to interest rate hikes. SVB unloaded its holdings of Treasury bonds, which were also depressed, in an attempt to raise funds to cover the withdrawals. Having sold a $21bn portfolio at a loss of $1.8bn concerns grew about the bank’s stability and its clients rushed to pull their deposits. Larger banks such as Citi, Bank of America, and JP Morgan have much more diverse businesses and so they have not seen a large proportion of their depositors attempting to withdraw their funds as SVB saw. There is no run on the banks. What the SVB situation tells us is that Federal Reserve rate increases to tackle inflation have depressed the value of Treasury bonds which every major bank holds. Therefore it is likely, as Goldman Sachs has said , that the Fed will hold off on its next interest rate hikes. Western Alliance Bank strengthening liquidity position as outflows are moderate Monday 13 March 2023 16:50 , Oliver O\'Connell Arizona-based Western Alliance Bank President and CEO Kenneth Vecc
**Last 60 Days of Bitcoin's Closing Prices:**
[19909.57, 20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-14
**Financial & Commodity Data:**
- Gold Closing Price: $1906.20
- Crude Oil Closing Price: $71.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $471,527,512,312
- Hash Rate: 316085306.6945542
- Transaction Count: 327892.0
- Unique Addresses: 728811.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Silvergate Capital ( SI ) stock fell 41% at the open of Thursday's trading day after the bank announced it would wind down operations and liquidate its bank. Silvergate shares closed trading at $2.84. Shares of its crypto-friendly peer, Signature Bank ( SBNY ), were also volatile Thursday morning. They were down 12.18% as of Thursday's close. Silvergate announced its voluntary liquidation and wind down of its business late Wednesday afternoon. The total market capitalization for all crypto assets as measured by Coinmarketcap fell below $1 trillion early Thursday morning. It is currently valued at $994 billion, down more than 6% over the past 24 hours as of 5 p.m. New York time. Bitcoin ( BTC-USD ) is changing hands at $20,300, down 8% to a seven week low. Silvergate's shutdown raises new doubts about the relationship between traditional banks and the cryptocurrency world, said one observer. "One of the crypto industry's favorite narratives has always been that it would overwhelm traditional banks by providing superior services," said John Paul Koning, author of the financial blog Moneyness . "Well, crypto has finally overwhelmed its first bank, not because crypto was superior," he added. Representations of virtual currency bitcoin on top of a U.S. dollar banknote are pictured through broken glass in this illustration taken June 25, 2021. REUTERS/Dado Ruvic/Illustration (Dado Ruvic / reuters) But one analyst, Conor Ryder with Kaiko, said Thursday that there is still "glaring" evidence of the need for a crypto-friendly bank. "The next best contender will likely be a smaller bank raising their hand to take on the risk of crypto in search of a wave of new deposits," Kaiko's Ryder added in a research note. Silvergate's decision to liquidate came one week after it said Silvergate faced business and regulatory challenges causing the company to weigh its " ability to continue as a going concern for the twelve months ." That notice spooked crypto-related firms using the bank such as Coinbase, Paxos, Galaxy Digital and others that chose to distance themselves from Silvergate last Thursday, hastening further withdrawals. Story continues "The Bank's wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets," Silvergate said. Silvergate Bank, a state-chartered bank, is jointly regulated by the Federal Reserve and the state of California. Its holding company, Silvergate Capital, is also regulated by the Federal Reserve. California's Department of Financial Protection and Innovation is monitoring the situation according to a statement from its commissioner, Clothilde Hewlett. The bank added that it intends to repay depositors in full and has hired financial advisors, Centerview Partners LLC, legal advisors, Cravath, Swaine & Moore LLP, and Strategic Risk Associates for "transition project management assistance." U.S. attorney Damian Williams speaks to the media regarding the indictment of Samuel Bankman-Fried the founder of failed crypto exchange FTX in New York City, U.S., December 13, 2022. REUTERS/David 'Dee' Delgado (David Dee Delgado / reuters) Silvergate became a regional bank in 1996, but it wasnt until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like the now-bankrupt Genesis . It carved out a niche for itself by giving banking access to a growing number of crypto startups. Those offerings evolved into the SEN, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours. Silvergate suspended its SEN platform last Friday. Silvergate held $1.8 billion in total deposits and $2 billion in assets at the end of its 2018 fourth quarter. By crypto's peak in 2021, its total deposits and assets had risen to $14.3 billion and $16 billion, respectively. Following the bankruptcy of crypto exchange FTX, Silvergate's total deposits and assets fell to $6.2 billion and $11.3 billion by the end of last year's fourth quarter. To repay those withdrawals, the company sold its fixed income portfolio, taking mark to market losses on the investments in a high interest rate environment. Like Silvergate, New York-based Signature Bank also attracted a growing number of crypto depositors in recent years with Signet, its own 24/7 USD transfer platform. Now it is pulling back its crypto exposure. In a mid-quarter update, Signature showed its spot deposit balances through January and February were $826 million lower, driven by a $1.5 billion decline in digital asset deposits as part of a planned reduction announced last November. JPMorgan's North American equity research team said in a Monday research note that Signature can "thread the needle" on cutting its exposure to the industry's firms . On Thursday, Signature published updated financials showing it continues to reduce its loan balances. JPMorgan's steam said they maintain their "overweight" position on the bank. David Hollerith is a reporter for Yahoo Finance. Follow him on Twitter @DSHollers Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it?\nChipper Cash CEO Ham Serunjogi put out astatementon Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an “insignificant” effect on the payments company.\n“We had a very limited amount of money (only about $1M) held in our SVB account at the time the bank was taken over by the California regulator,” explained Serunjogi. And while SVB was an investor in Chipper, its funds were delivered immediately.\n"What is happening now doesn’t change that," he wrote. "Additionally, SVB wasn’t the only investor in that round."\nChipper appears to have had no exposure to Silvergate.\nMeanwhile, a TuesdayBloombergreport citing "people familiar with the matter" claimed that the company is weighing a possible sale. However, an official response from the company to the outlet asserted that Chipper Cash has “never sought to be acquired.”\nChipper did not respond to a request for comment fromDecrypt.\nNew Crypto Venture Fund to Invest in African Startups\nChipper Cash is an app for sending and receiving payments across Africa. It also allows users to send and receive crypto and to buy cryptocurrencies including Bitcoin, Ethereum, and USDC within the app.\nAll three cryptocurrencies suffered in the aftermath of SVB’s failure on Friday, but quickly recovered after the Federal Reserve confirmed a uniform bailout for all of the bank’s depositors.\nAmid the weekend turmoil, the CEO added that customer operations were not interrupted by SVB’s failure, and that the firm has multiple other banking partners in the United States. Nevertheless, he said, SVB played a special role in supporting the company, particularly in its early days.\nBitcoin Surges Nearly 20% Following Silicon Valley Bank \'Bailout\'\n"Five years ago when I was trying to open Chipper’s first bank account, SVB was the only bank that would accept us," Serunjogi wrote. "I know there are countless other startups all doing very important work who would say the same thing."\n"it is quite sad to see such a pillar of our ecosystem brought to its knees," he added.\nIn 2021, Chipper became Africa\'s "most valuable startup" when it closed a$100 million Series Bled by SVB. Nevertheless, Serunjogi said the bank owns just 2% of Chipper.\nLike many crypto startups, Chipper has weathered some standard bear market troubles. After raising an additional$150 million from FTXin late 2021, the defunct exchange marked Chipper’s valuation down from $2 billion to$1.25 billion13 months later. During the same month, Chipperlaid off12.5% of its workforce.', 'African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it? Chipper Cash CEO Ham Serunjogi put out a statement on Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an \x93insignificant\x94 effect on the payments company. \x93We had a very limited amount of money (only about $1M) held in our SVB account at the time the bank was taken over by the California regulator,\x94 explained Serunjogi. And while SVB was an investor in Chipper, its funds were delivered immediately. "What is happening now doesn\x92t change that," he wrote. "Additionally, SVB wasn\x92t the only investor in that round." Chipper appears to have had no exposure to Silvergate. Meanwhile, a Tuesday Bloomberg report citing "people familiar with the matter" claimed that the company is weighing a possible sale. However, an official response from the company to the outlet asserted that Chipper Cash has \x93never sought to be acquired.\x94 Chipper did not respond to a request for comment from Decrypt . New Crypto Venture Fund to Invest in African Startups Chipper Cash is an app for sending and receiving payments across Africa. It also allows users to send and receive crypto and to buy cryptocurrencies including Bitcoin, Ethereum, and USDC within the app. All three cryptocurrencies suffered in the aftermath of SVB\x92s failure on Friday, but quickly recovered after the Federal Reserve confirmed a uniform bailout for all of the bank\x92s depositors. Amid the weekend turmoil, the CEO added that customer operations were not interrupted by SVB\x92s failure, and that the firm has multiple other banking partners in the United States. Nevertheless, he said, SVB played a special role in supporting the company, particularly in its early days. Bitcoin Surges Nearly 20% Following Silicon Valley Bank \'Bailout\' Story continues "Five years ago when I was trying to open Chipper\x92s first bank account, SVB was the only bank that would accept us," Serunjogi wrote. "I know there are countless other startups all doing very important work who would say the same thing." "it is quite sad to see such a pillar of our ecosystem brought to its knees," he added. In 2021, Chipper became Africa\'s "most valuable startup" when it closed a $100 million Series B led by SVB. Nevertheless, Serunjogi said the bank owns just 2% of Chipper. Like many crypto startups, Chipper has weathered some standard bear market troubles. After raising an additional $150 million from FTX in late 2021, the defunct exchange marked Chipper\x92s valuation down from $2 billion to $1.25 billion 13 months later. During the same month, Chipper laid off 12.5% of its workforce.', "A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings.\nThe ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for the $971,291 worth of USDT (Tether) that they stole from plaintiff Rangan Bandyopadhyay’s Coinbase wallet in December 2021.\nThe perpetrators have been ordered to pay the equivalent amount back to Bandyopadhyay, with the amount set to accrue interest on that debt until it is paid in full.\nBecause of the blockchain, it remains unclear who these digital thieves were, let alone where they reside. That’s why Judge Bloom permitted them to be served via NFT in last week’s case, using the same on-chain addresses they used to steal from Bandyopadhyay.\nSee You in Court, Anon: UK Judge Allows Lawsuits via NFT Airdrop\nThe hackers tricked the plaintiff into linking his Coinbase wallet to a fake liquidity mining project, and then drained money from that wallet to their own. After several transfers, the funds ended up in a Binance Exchange Pool.\nJudge Bloom’s determination that NFTs constituted a legitimate form of legal notification for these defendants marks the first time an American federal court has allowed defendants to be served by NFT.\nPrior to last week’s ruling, aNew York county courtpermitted the practice early last year. Last summer, aU.K. court ruledthat NFTs are an acceptable method of notifying anonymous, on-chain defendants in that country.\nThe trend marks a turning point for legal systems that are desperately trying to catch up with a slew of new types of crime facilitated by blockchain technology. Crypto-savvy hackers routinely create elaborate networks of fake companies to persuade unsuspecting victims to link their wallets, which are drained shortly thereafter. In an ecosystem where even high-profile, legitimate actors routinely operate anonymously, it can be hard to discern the legitimate from the dubious.\nIt is even harder to get digital funds and assets back once they’re stolen.\nGovernments Have Been Seizing Stolen Bitcoin and Ethereum. How?\nBut, according to Fernando Bobadilla—the attorney who successfully represented Bandyopadhyay in last week’s case—the blockchain can be just as problematic for hackers as it so often is for their victims.\n“These fraudsters are usually outfits outside of the United States, and everything that they tell the victim is a lie about their own identity,” Bobadilla toldDecrypt. “But what they can't hide is the transfer of the funds via the blockchain. The ledger is there and they can't hide.”\nThe attorney is confident that he and his client are well on the way to recovering at least a portion of the stolen funds—though he wouldn’t elaborate on how that might be possible.\n“Us knowing where the crypto is sitting makes the entire collection strategy viable,” is all he would say.\nAmerican-based crypto companies like Circle, which issues stablecoin USDC, and Coinbase, the centralized crypto exchange, have previouslyfrozen fundsoraccountsat the behest of the American government. USDT, the cryptocurrency stolen from Bandyopadhyay’s wallet, however, is issued by Tether, a Hong Kong-based company; Binance, where those funds were purportedly deposited last year, has also previouslyfrozen stolen fundstransferred to its accounts, though the company has alsofamously avoidedclarifying its home country.", "A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings. The ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for the $971,291 worth of USDT (Tether) that they stole from plaintiff Rangan Bandyopadhyay\x92s Coinbase wallet in December 2021. The perpetrators have been ordered to pay the equivalent amount back to Bandyopadhyay, with the amount set to accrue interest on that debt until it is paid in full. Because of the blockchain, it remains unclear who these digital thieves were, let alone where they reside. That\x92s why Judge Bloom permitted them to be served via NFT in last week\x92s case, using the same on-chain addresses they used to steal from Bandyopadhyay. See You in Court, Anon: UK Judge Allows Lawsuits via NFT Airdrop The hackers tricked the plaintiff into linking his Coinbase wallet to a fake liquidity mining project, and then drained money from that wallet to their own. After several transfers, the funds ended up in a Binance Exchange Pool. Judge Bloom\x92s determination that NFTs constituted a legitimate form of legal notification for these defendants marks the first time an American federal court has allowed defendants to be served by NFT. Prior to last week\x92s ruling, a New York county court permitted the practice early last year. Last summer, a U.K. court ruled that NFTs are an acceptable method of notifying anonymous, on-chain defendants in that country. The trend marks a turning point for legal systems that are desperately trying to catch up with a slew of new types of crime facilitated by blockchain technology. Crypto-savvy hackers routinely create elaborate networks of fake companies to persuade unsuspecting victims to link their wallets, which are drained shortly thereafter. In an ecosystem where even high-profile, legitimate actors routinely operate anonymously, it can be hard to discern the legitimate from the dubious. Story continues It is even harder to get digital funds and assets back once they\x92re stolen. Governments Have Been Seizing Stolen Bitcoin and Ethereum. How? But, according to Fernando Bobadilla\x97the attorney who successfully represented Bandyopadhyay in last week\x92s case\x97the blockchain can be just as problematic for hackers as it so often is for their victims. \x93These fraudsters are usually outfits outside of the United States, and everything that they tell the victim is a lie about their own identity,\x94 Bobadilla told Decrypt . \x93But what they can't hide is the transfer of the funds via the blockchain. The ledger is there and they can't hide.\x94 The attorney is confident that he and his client are well on the way to recovering at least a portion of the stolen funds\x97though he wouldn\x92t elaborate on how that might be possible. \x93Us knowing where the crypto is sitting makes the entire collection strategy viable,\x94 is all he would say. American-based crypto companies like Circle, which issues stablecoin USDC, and Coinbase, the centralized crypto exchange, have previously frozen funds or accounts at the behest of the American government. USDT, the cryptocurrency stolen from Bandyopadhyay\x92s wallet, however, is issued by Tether, a Hong Kong-based company; Binance, where those funds were purportedly deposited last year, has also previously frozen stolen funds transferred to its accounts, though the company has also famously avoided clarifying its home country.", 'Bitcoin and Ether continued the strong price gains for the week to move higher in Wednesday morning trading in Asia, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days. Solana and Dogecoin led the Wednesday winners. The rise in cryptocurrencies accompanied a rebound in U.S. equities on Tuesday as concern about bank failures receded and February inflation data released the same day was in line with expectations.\nSee related article:Banks are bringing systemic risks to crypto, says Circle’s Disparte\n• Bitcoin rose 2.10% in the past 24 hours to US$24,789 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data, for a weekly gain of 11.39%. The world’s largest cryptocurrency brieflybroke the US$26,000 ceilingon Tuesday evening in Asia and is now up almost 50% for the year to date.\n• Ether gained 1.90% to US$1,706, rising 8.86% in the past seven days.\n• Solana led the gainers in the top 10, adding 2.75% to US$20.93 for a rise of 3.12% for the week. The Solana Foundation introducedAsk Solana Uon Tuesday, an AI-powered chat-like engine that aims to assist Web3 developers on the Solana blockchain.\n• Dogecoin rose 2.74% to US$0.07478. The memecoin is up 0.85% for the seven-day period, but still down more than 7% from the beginning of March.\n• XRP edged 0.54% higher to trade at US$0.3735, but is the only top 10 non-stablecoin cryptocurrency with a weekly loss, down 2.20%. Brad Garlinghouse, the CEO of Ripple Labs whose payment network is powered by XRP,tweetedon Monday that Ripple had some exposure to the failed Silicon Valley Bank. This was accompanied by a large flow of XRP transactions on the same day, according to crypto trackerWhale Alert.\n• Crypto exchange Binance’s BNB rose 0.51% to US$309.51, posting a weekly gain of 6.88%. The world’s largest crypto exchange on Tuesday said it willhalt its U.K. pound deposits and withdrawalsby May this year, after its local partner for fiat on- and off-ramps said it was ending the service due to regulatory concerns.\n• The total crypto market capitalization rose 1.30% in the past 24 hours to US$1.09 trillion. Total trading volume over the last 24 hours gained 8.47% to US$101.54 billion.\n• U.S. equities closed higher on Tuesday. The Dow Jones Industrial Average rose 1.06%, the S&P 500 moved up 1.65% and the Nasdaq Composite Index posted the biggest gain of 2.14%.\n• Efforts byU.S. regulatorsandPresident Joe Bidento calm markets seemed to have the desired effect after thecollapses of U.S. banksat the weekend. First Republic Bank, which slid over 60% on Monday and was briefly suspended from trading, bounced back almost 27% on Tuesday, according toCNBC.\n• Investors in U.S. equities and cryptocurrencies also gained some reassurance from the U.S. Labor Department’s February inflationreportreleased Tuesday, which showed the Consumer Price Index (CPI) rose 0.6% by month and 6% on year, all in line with expectations. Though still above theFederal Reserve’s stated goalto keep annual inflation below 2%, the data suggest inflation in the U.S. is moderating and may convince the Fed to ease back on interest rate hikes.\n• After a raft of rate hikes last year and into 2023, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 79.7% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 20.3%, a decrease from 35% on Tuesday.\nSee related article:India imposes money laundering regulations on crypto industry', 'Bitcoin and Ether continued the strong price gains for the week to move higher in Wednesday morning trading in Asia, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days. Solana and Dogecoin led the Wednesday winners. The rise in cryptocurrencies accompanied a rebound in U.S. equities on Tuesday as concern about bank failures receded and February inflation data released the same day was in line with expectations. See related article: Banks are bringing systemic risks to crypto, says Circle\x92s Disparte Fast facts Bitcoin rose 2.10% in the past 24 hours to US$24,789 at 09:00 a.m. in Hong Kong, according to CoinMarketCap data , for a weekly gain of 11.39%. The world\x92s largest cryptocurrency briefly broke the US$26,000 ceiling on Tuesday evening in Asia and is now up almost 50% for the year to date. Ether gained 1.90% to US$1,706, rising 8.86% in the past seven days. Solana led the gainers in the top 10, adding 2.75% to US$20.93 for a rise of 3.12% for the week. The Solana Foundation introduced Ask Solana U on Tuesday, an AI-powered chat-like engine that aims to assist Web3 developers on the Solana blockchain. Dogecoin rose 2.74% to US$0.07478. The memecoin is up 0.85% for the seven-day period, but still down more than 7% from the beginning of March. XRP edged 0.54% higher to trade at US$0.3735, but is the only top 10 non-stablecoin cryptocurrency with a weekly loss, down 2.20%. Brad Garlinghouse, the CEO of Ripple Labs whose payment network is powered by XRP, tweeted on Monday that Ripple had some exposure to the failed Silicon Valley Bank. This was accompanied by a large flow of XRP transactions on the same day, according to crypto tracker Whale Alert . Crypto exchange Binance\x92s BNB rose 0.51% to US$309.51, posting a weekly gain of 6.88%. The world\x92s largest crypto exchange on Tuesday said it will halt its U.K. pound deposits and withdrawals by May this year, after its local partner for fiat on- and off-ramps said it was ending the service due to regulatory concerns. The total crypto market capitalization rose 1.30% in the past 24 hours to US$1.09 trillion. Total trading volume over the last 24 hours gained 8.47% to US$101.54 billion. U.S. equities closed higher on Tuesday. The Dow Jones Industrial Average rose 1.06%, the S&P 500 moved up 1.65% and the Nasdaq Composite Index posted the biggest gain of 2.14%. Efforts by U.S. regulators and President Joe Biden to calm markets seemed to have the desired effect after the collapses of U.S. banks at the weekend. First Republic Bank, which slid over 60% on Monday and was briefly suspended from trading, bounced back almost 27% on Tuesday, according to CNBC . Investors in U.S. equities and cryptocurrencies also gained some reassurance from the U.S. Labor Department\x92s February inflation report released Tuesday, which showed the Consumer Price Index (CPI) rose 0.6% by month and 6% on year, all in line with expectations. Though still above the Federal Reserve\x92s stated goal to keep annual inflation below 2%, the data suggest inflation in the U.S. is moderating and may convince the Fed to ease back on interest rate hikes. After a raft of rate hikes last year and into 2023, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 79.7% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 20.3%, a decrease from 35% on Tuesday. See related article: India imposes money laundering regulations on crypto industry View comments', 'Bitcoin and Ether continued the strong price gains for the week to move higher in Wednesday morning trading in Asia, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days. Solana and Dogecoin led the Wednesday winners. The rise in cryptocurrencies accompanied a rebound in U.S. equities on Tuesday as concern about bank failures receded and February inflation data released the same day was in line with expectations.\nSee related article:Banks are bringing systemic risks to crypto, says Circle’s Disparte\n• Bitcoin rose 2.10% in the past 24 hours to US$24,789 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data, for a weekly gain of 11.39%. The world’s largest cryptocurrency brieflybroke the US$26,000 ceilingon Tuesday evening in Asia and is now up almost 50% for the year to date.\n• Ether gained 1.90% to US$1,706, rising 8.86% in the past seven days.\n• Solana led the gainers in the top 10, adding 2.75% to US$20.93 for a rise of 3.12% for the week. The Solana Foundation introducedAsk Solana Uon Tuesday, an AI-powered chat-like engine that aims to assist Web3 developers on the Solana blockchain.\n• Dogecoin rose 2.74% to US$0.07478. The memecoin is up 0.85% for the seven-day period, but still down more than 7% from the beginning of March.\n• XRP edged 0.54% higher to trade at US$0.3735, but is the only top 10 non-stablecoin cryptocurrency with a weekly loss, down 2.20%. Brad Garlinghouse, the CEO of Ripple Labs whose payment network is powered by XRP,tweetedon Monday that Ripple had some exposure to the failed Silicon Valley Bank. This was accompanied by a large flow of XRP transactions on the same day, according to crypto trackerWhale Alert.\n• Crypto exchange Binance’s BNB rose 0.51% to US$309.51, posting a weekly gain of 6.88%. The world’s largest crypto exchange on Tuesday said it willhalt its U.K. pound deposits and withdrawalsby May this year, after its local partner for fiat on- and off-ramps said it was ending the service due to regulatory concerns.\n• The total crypto market capitalization rose 1.30% in the past 24 hours to US$1.09 trillion. Total trading volume over the last 24 hours gained 8.47% to US$101.54 billion.\n• U.S. equities closed higher on Tuesday. The Dow Jones Industrial Average rose 1.06%, the S&P 500 moved up 1.65% and the Nasdaq Composite Index posted the biggest gain of 2.14%.\n• Efforts byU.S. regulatorsandPresident Joe Bidento calm markets seemed to have the desired effect after thecollapses of U.S. banksat the weekend. First Republic Bank, which slid over 60% on Monday and was briefly suspended from trading, bounced back almost 27% on Tuesday, according toCNBC.\n• Investors in U.S. equities and cryptocurrencies also gained some reassurance from the U.S. Labor Department’s February inflationreportreleased Tuesday, which showed the Consumer Price Index (CPI) rose 0.6% by month and 6% on year, all in line with expectations. Though still above theFederal Reserve’s stated goalto keep annual inflation below 2%, the data suggest inflation in the U.S. is moderating and may convince the Fed to ease back on interest rate hikes.\n• After a raft of rate hikes last year and into 2023, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 79.7% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 20.3%, a decrease from 35% on Tuesday.\nSee related article:India imposes money laundering regulations on crypto industry', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin, ether and other major cryptos spent another day in the green after an encouraging inflation report and continued hopefulness for a less hawkish Fed.\nInsights:The crypto industry must mature to develop productive relationships with banks.\nBitcoin Hovers Near $25K\nCoinDesk Market Index (CMI)\n1,127\n+24.6▲2.2%\nBitcoin (BTC)\n$24,936\n+577.6▲2.4%\nEthereum (ETH)\n$1,715\n+38.2▲2.3%\nS&P 500\n3,919.29\n+NaN▲NaN%\nGold\n$1,909\n+2.8▲0.1%\nNikkei 225\n27,222.04\n−610.9▼2.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nInflation dipped encouragingly. Investor hopes for a less-draconian U.S. central bank continued.\nBitcoin embraced the more upbeat vibe and continued its romp upward for much of Tuesday, rising above $26,000 at one point for the first time since last summer before retreating more than a $1,000.\nThe largest cryptocurrency by market capitalization was recently trading at $24,936, up about 2% over the past 24 hours. BTC\'s stall followed two consecutive days of double-digit gains tied to Binance stablecoin conversions, investors\' relief that the banking sector would not collapse, and that the Federal Reserve would reverse its steady diet of hawkish interest rate hikes.\nOn Tuesday, a small decline in the consumer price index (CPI) from 6.4% in January to 6% last month seemed to offer the Fed fresh grounds for monetary dovishness. Even a month-over-month increase in the the core inflation rate, which removes volatile food and energy costs, included a counterweight – a slight annual decline.\n“Bitcoin is surging because the liquidity situation appears to be shifting rapidly," Joe Ziolkowski, the CEO and co-founder of digital asset insurer Relm Insurance, wrote in an email to CoinDesk. "Today’s CPI data shows that inflation is slowing.\nZiolkowski noted that the latest banking crisis involving the collapse of Signature, Silvergate and Silicon Valley banks had "triggered a federal response, injecting a lot of money in the economy, and strengthened Bitcoin\'s use case as a decentralized alternative to our existing banking system."\n"Investors are clearly showing confidence in this," he wrote.\nEther was changing hands just above $1,700, about where it stood on Monday, same time. The second-largest cryptocurrency has roughly matched BTC\'s upswing this week. Other major cryptos spent most of Tuesday healthfully in the green before flattening. APT, the token of layer 1 blockchain Aptos was recently up more than 14%. CRO, the native crypto of crypto exchange Crypto.com, rose about 6%. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, climbed 2.4%.\nU.S. equity markets also took heart from the CPI report with the tech-focused Nasdaq and S&P 500 jumping 2.1% and 1.6%, respectively. But as CoinDesk analyst Glenn Williams wrote in his Tuesday column, the Fed\'s path forward at its March 22 meeting remains uncertain.\nReim\'s Ziolkowski noted optimistically that "pressure is now mounting on the Federal Reserve to slow the pace of rate hikes, and perhaps even stop hiking altogether, given that the rapid rate increases over the last year have clearly placed significant stress on the system."\nHe added: "The setup for a durable rally for bitcoin and other digital assets appears to be in play.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+16.9%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+11.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+8.5%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nCrypto Industry\'s Banking Learning Curve\nThevoluntary liquidation of Silvergate, crypto’s go-to bank, and subsequent regulator action to seize Silicon Valley Bank sent shockwaves through the industry.\nWhile depositorswill bemade whole, the shockwaves the industry is feeling are no longer from the concept of funds lost, but rather the loss of industry-friendly banks that were pillars of the sector.\nAs CoinDesk recentlyreported, Crypto companies being orphaned by the downfall of Silvergate and Signature as well as the incompetence of Silicon Valley Bank, hurt the industry.\nWilliam Quigley, a co-founder of Tether, who now runs the non-fungible token (NFT) exchange WAX, highlighted to CoinDesk in an interview that Silicon Valley Bank’s demise was one based on managerial incompetence.\nHolding long-dated, government-issued debt, purchased at a time when interest rates were low, then having tojettison it at fire-sale pricesto shore up liquidity when its startup clients stopped raising money and started just spending, was not a great move but should have only been a challenge and not a fatality for banks, he says.\nQuigley says that around June 2022 management should have noticed the impairment of its bonds and government securities and moved to sell off the portfolio and take the losses, or bring in more deposits.\n“I\'ve been an audit committee chairman and a bank auditor. I know the conversation that happens when deposits are going down at an accelerated rate and our investment portfolio is being impaired to the point where we don’t have enough money to pay off depositors,” he said.\nA lack of communication\nManagement should have been in touch with the Fed in January, and the Fed should have put the bank in some sort of supervisory wind-down then.\nThe problem that’s going to emerge from this, he says, is a lack of trust. SVB was regulated by multiple federal and state agencies, had a clean audit opinion, and was rated as investment grade by a federally licensed rating agency, making it seem like a good bank.\nSVB existed because large banks would typically not give tech startups and crypto companies the time of day.\nBut that doesn’t mean it\'s impossible.\nAsCoinDesk recently reported, crypto conglomerate Digital Currency Group (DCG) has been having productive conversations with the likes of Santander (SAN), HSBC (HSBA), Deutsche Bank, and United Overseas Bank (UOB) in Singapore, as well as fintechs such as Revolout about onboarding its portfolio companies.\nDCG is reportedly having conversations with big banks, but there’s no guarantee that they will come to fruition. These banks might end up spooked by something, and decline to onboard companies orphaned by Silvergate-SVB-Signature. DCG is the parent company of CoinDesk.\nFor roughly the last decade, Taiwanese crypto exchange Maicoin has had fiat on- and off-ramps with Far Eastern International Bank, which would be categorized as a big bank by the Fed.\nAlex Liu, the CEO of Maicoin, told CoinDesk there wasn’t really any magic to convincing banks to give his exchange fiat pipelines. He’s also quick to point out that the root cause of these three banks\' demise in the U.S. is not crypto itself.\n“It involves being able to come across not as a bomb-throwing radical. It helps if you can put on a suit, and talk about things like investor protection, [know your customer/anti-money laundering] and so forth,” he said.\nIt also helps to have a physical address for your headquarters, he continued. Maicoin’s headquarters are in an office tower in downtown Taipei.\n“How many crypto companies refuse to do that one thing?” he asks.\nCrypto banking issues in Asia?\nAs all of this occurs, many jurisdictions in Asia, from Hong Kong to Taiwan,are working on buildinga crypto licensing regime for retail traders.\nCertainly they will be looking to the U.S. to see what’s going on especially given the last six months which involved the collapse of FTX and now three banks.\nNo regulator or lawmaker in the U.S. has come out and said directly: "Hey, let’s just ban this thing," Liu points out.\nRegulators in Asia are going to take that as a clue.\n10:00 a.m. HKT/SGT(2:00 UTC)China Retail Sales (YoY/Feb)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Retail Sales (MoM/Feb)\n5:45 a.m. HKT/SGT(21:45 UTC)New Zealand Gross Domestic Product (YoY/Q4)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nWhy Bitcoin is Surging, the End of NFTs on Instagram and More\nBitcoin broke $26K to a nine-month high after the latest inflation data. The Justice Department and Securities and Exchange Commission have been investigating Silicon Valley Bank\'s collapse. Plus, why has Meta Platforms been winding back support for non-fungible tokens on Instagram and Facebook.\nBanking Crisis in U.S. Likely to Push Crypto Firms Offshore:Switzerland, Lichtenstein and island jurisdictions are among the potential benefactors of the trend.\nCoinbase Is Adding DeFi Apps Uniswap and Aave to Its Base Blockchain, Source:A person familiar with the process said Uniswap would probably appear on Base in a couple of months.\nAI and Crypto Are Combining to Create Web3\'s \'Multiplayer Era\':Creating with code has never been easier. Web3 tooling shows us how it can be equitable and collaborative.\nWeb3 Service Unstoppable Domains and Polygon Labs Roll Out .polygon Domains:The new tool will allow users to expand their digital identity across over 750 decentralized applications, games and metaverses on the Polygon network.\nBitcoin Breaks $25K as U.S. Inflation Slowed to 6% in February:BTC rose to a nine-month high of $25,484 in the minutes following the inflation report and then extended those gains.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptos spent another day in the green after an encouraging inflation report and continued hopefulness for a less hawkish Fed. Insights: The crypto industry must mature to develop productive relationships with banks. Prices Bitcoin Hovers Near $25K CoinDesk Market Index (CMI) 1,127 +24.6 ▲ 2.2% Bitcoin (BTC) $24,936 +577.6 ▲ 2.4% Ethereum (ETH) $1,715 +38.2 ▲ 2.3% S&P 500 3,919.29 +NaN ▲ NaN% Gold $1,909 +2.8 ▲ 0.1% Nikkei 225 27,222.04 −610.9 ▼ 2.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Inflation dipped encouragingly. Investor hopes for a less-draconian U.S. central bank continued. Bitcoin embraced the more upbeat vibe and continued its romp upward for much of Tuesday, rising above $26,000 at one point for the first time since last summer before retreating more than a $1,000. The largest cryptocurrency by market capitalization was recently trading at $24,936, up about 2% over the past 24 hours. BTC\'s stall followed two consecutive days of double-digit gains tied to Binance stablecoin conversions, investors\' relief that the banking sector would not collapse, and that the Federal Reserve would reverse its steady diet of hawkish interest rate hikes. On Tuesday, a small decline in the consumer price index (CPI) from 6.4% in January to 6% last month seemed to offer the Fed fresh grounds for monetary dovishness. Even a month-over-month increase in the the core inflation rate, which removes volatile food and energy costs, included a counterweight – a slight annual decline. “Bitcoin is surging because the liquidity situation appears to be shifting rapidly," Joe Ziolkowski, the CEO and co-founder of digital asset insurer Relm Insurance, wrote in an email to CoinDesk. "Today’s CPI data shows that inflation is slowing. Ziolkowski noted that the latest banking crisis involving the collapse of Signature, Silvergate and Silicon Valley banks had "triggered a federal response, injecting a lot of money in the economy, and strengthened Bitcoin\'s use case as a decentralized alternative to our existing banking system." Story continues "Investors are clearly showing confidence in this," he wrote. Ether was changing hands just above $1,700, about where it stood on Monday, same time. The second-largest cryptocurrency has roughly matched BTC\'s upswing this week. Other major cryptos spent most of Tuesday healthfully in the green before flattening. APT, the token of layer 1 blockchain Aptos was recently up more than 14%. CRO, the native crypto of crypto exchange Crypto.com, rose about 6%. The CoinDesk Market Index , a measure of the crypto market\'s overall performance, climbed 2.4%. U.S. equity markets also took heart from the CPI report with the tech-focused Nasdaq and S&P 500 jumping 2.1% and 1.6%, respectively. But as CoinDesk analyst Glenn Williams wrote in his Tuesday column, the Fed\'s path forward at its March 22 meeting remains uncertain. Reim\'s Ziolkowski noted optimistically that "pressure is now mounting on the Federal Reserve to slow the pace of rate hikes, and perhaps even stop hiking altogether, given that the rapid rate increases over the last year have clearly placed significant stress on the system." He added: "The setup for a durable rally for bitcoin and other digital assets appears to be in play.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +16.9% Entertainment Cosmos ATOM +11.4% Smart Contract Platform Loopring LRC +8.5% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Crypto Industry\'s Banking Learning Curve The voluntary liquidation of Silvergate , crypto’s go-to bank, and subsequent regulator action to seize Silicon Valley Bank sent shockwaves through the industry. While depositors will be made whole , the shockwaves the industry is feeling are no longer from the concept of funds lost, but rather the loss of industry-friendly banks that were pillars of the sector. As CoinDesk recently reported , Crypto companies being orphaned by the downfall of Silvergate and Signature as well as the incompetence of Silicon Valley Bank, hurt the industry. William Quigley, a co-founder of Tether, who now runs the non-fungible token (NFT) exchange WAX, highlighted to CoinDesk in an interview that Silicon Valley Bank’s demise was one based on managerial incompetence. Holding long-dated, government-issued debt , purchased at a time when interest rates were low, then having to jettison it at fire-sale prices to shore up liquidity when its startup clients stopped raising money and started just spending, was not a great move but should have only been a challenge and not a fatality for banks, he says. Quigley says that around June 2022 management should have noticed the impairment of its bonds and government securities and moved to sell off the portfolio and take the losses, or bring in more deposits. “I\'ve been an audit committee chairman and a bank auditor. I know the conversation that happens when deposits are going down at an accelerated rate and our investment portfolio is being impaired to the point where we don’t have enough money to pay off depositors,” he said. A lack of communication Management should have been in touch with the Fed in January, and the Fed should have put the bank in some sort of supervisory wind-down then. The problem that’s going to emerge from this, he says, is a lack of trust. SVB was regulated by multiple federal and state agencies, had a clean audit opinion, and was rated as investment grade by a federally licensed rating agency, making it seem like a good bank. SVB existed because large banks would typically not give tech startups and crypto companies the time of day. But that doesn’t mean it\'s impossible. As CoinDesk recently reported , crypto conglomerate Digital Currency Group (DCG) has been having productive conversations with the likes of Santander (SAN), HSBC (HSBA), Deutsche Bank, and United Overseas Bank (UOB) in Singapore, as well as fintechs such as Revolout about onboarding its portfolio companies. DCG is reportedly having conversations with big banks, but there’s no guarantee that they will come to fruition. These banks might end up spooked by something, and decline to onboard companies orphaned by Silvergate-SVB-Signature. DCG is the parent company of CoinDesk. For roughly the last decade, Taiwanese crypto exchange Maicoin has had fiat on- and off-ramps with Far Eastern International Bank, which would be categorized as a big bank by the Fed. Alex Liu, the CEO of Maicoin, told CoinDesk there wasn’t really any magic to convincing banks to give his exchange fiat pipelines. He’s also quick to point out that the root cause of these three banks\' demise in the U.S. is not crypto itself. “It involves being able to come across not as a bomb-throwing radical. It helps if you can put on a suit, and talk about things like investor protection, [know your customer/anti-money laundering] and so forth,” he said. It also helps to have a physical address for your headquarters, he continued. Maicoin’s headquarters are in an office tower in downtown Taipei. “How many crypto companies refuse to do that one thing?” he asks. Crypto banking issues in Asia? As all of this occurs, many jurisdictions in Asia, from Hong Kong to Taiwan, are working on building a crypto licensing regime for retail traders. Certainly they will be looking to the U.S. to see what’s going on especially given the last six months which involved the collapse of FTX and now three banks. No regulator or lawmaker in the U.S. has come out and said directly: "Hey, let’s just ban this thing," Liu points out. Regulators in Asia are going to take that as a clue. Important events 10:00 a.m. HKT/SGT(2:00 UTC) China Retail Sales (YoY/Feb) 8:30 p.m. HKT/SGT(12:30 UTC) United States Retail Sales (MoM/Feb) 5:45 a.m. HKT/SGT(21:45 UTC) New Zealand Gross Domestic Product (YoY/Q4) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Why Bitcoin is Surging, the End of NFTs on Instagram and More Bitcoin broke $26K to a nine-month high after the latest inflation data. The Justice Department and Securities and Exchange Commission have been investigating Silicon Valley Bank\'s collapse. Plus, why has Meta Platforms been winding back support for non-fungible tokens on Instagram and Facebook. Headlines Banking Crisis in U.S. Likely to Push Crypto Firms Offshore : Switzerland, Lichtenstein and island jurisdictions are among the potential benefactors of the trend. Coinbase Is Adding DeFi Apps Uniswap and Aave to Its Base Blockchain, Source : A person familiar with the process said Uniswap would probably appear on Base in a couple of months. AI and Crypto Are Combining to Create Web3\'s \'Multiplayer Era\' : Creating with code has never been easier. Web3 tooling shows us how it can be equitable and collaborative. Web3 Service Unstoppable Domains and Polygon Labs Roll Out .polygon Domains : The new tool will allow users to expand their digital identity across over 750 decentralized applications, games and metaverses on the Polygon network. Bitcoin Breaks $25K as U.S. Inflation Slowed to 6% in February : BTC rose to a nine-month high of $25,484 in the minutes following the inflation report and then extended those gains.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin, ether and other major cryptos spent another day in the green after an encouraging inflation report and continued hopefulness for a less hawkish Fed.\nInsights:The crypto industry must mature to develop productive relationships with banks.\nBitcoin Hovers Near $25K\nCoinDesk Market Index (CMI)\n1,127\n+24.6▲2.2%\nBitcoin (BTC)\n$24,936\n+577.6▲2.4%\nEthereum (ETH)\n$1,715\n+38.2▲2.3%\nS&P 500\n3,919.29\n+NaN▲NaN%\nGold\n$1,909\n+2.8▲0.1%\nNikkei 225\n27,222.04\n−610.9▼2.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nInflation dipped encouragingly. Investor hopes for a less-draconian U.S. central bank continued.\nBitcoin embraced the more upbeat vibe and continued its romp upward for much of Tuesday, rising above $26,000 at one point for the first time since last summer before retreating more than a $1,000.\nThe largest cryptocurrency by market capitalization was recently trading at $24,936, up about 2% over the past 24 hours. BTC\'s stall followed two consecutive days of double-digit gains tied to Binance stablecoin conversions, investors\' relief that the banking sector would not collapse, and that the Federal Reserve would reverse its steady diet of hawkish interest rate hikes.\nOn Tuesday, a small decline in the consumer price index (CPI) from 6.4% in January to 6% last month seemed to offer the Fed fresh grounds for monetary dovishness. Even a month-over-month increase in the the core inflation rate, which removes volatile food and energy costs, included a counterweight – a slight annual decline.\n“Bitcoin is surging because the liquidity situation appears to be shifting rapidly," Joe Ziolkowski, the CEO and co-founder of digital asset insurer Relm Insurance, wrote in an email to CoinDesk. "Today’s CPI data shows that inflation is slowing.\nZiolkowski noted that the latest banking crisis involving the collapse of Signature, Silvergate and Silicon Valley banks had "triggered a federal response, injecting a lot of money in the economy, and strengthened Bitcoin\'s use case as a decentralized alternative to our existing banking system."\n"Investors are clearly showing confidence in this," he wrote.\nEther was changing hands just above $1,700, about where it stood on Monday, same time. The second-largest cryptocurrency has roughly matched BTC\'s upswing this week. Other major cryptos spent most of Tuesday healthfully in the green before flattening. APT, the token of layer 1 blockchain Aptos was recently up more than 14%. CRO, the native crypto of crypto exchange Crypto.com, rose about 6%. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, climbed 2.4%.\nU.S. equity markets also took heart from the CPI report with the tech-focused Nasdaq and S&P 500 jumping 2.1% and 1.6%, respectively. But as CoinDesk analyst Glenn Williams wrote in his Tuesday column, the Fed\'s path forward at its March 22 meeting remains uncertain.\nReim\'s Ziolkowski noted optimistically that "pressure is now mounting on the Federal Reserve to slow the pace of rate hikes, and perhaps even stop hiking altogether, given that the rapid rate increases over the last year have clearly placed significant stress on the system."\nHe added: "The setup for a durable rally for bitcoin and other digital assets appears to be in play.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+16.9%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+11.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+8.5%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nCrypto Industry\'s Banking Learning Curve\nThevoluntary liquidation of Silvergate, crypto’s go-to bank, and subsequent regulator action to seize Silicon Valley Bank sent shockwaves through the industry.\nWhile depositorswill bemade whole, the shockwaves the industry is feeling are no longer from the concept of funds lost, but rather the loss of industry-friendly banks that were pillars of the sector.\nAs CoinDesk recentlyreported, Crypto companies being orphaned by the downfall of Silvergate and Signature as well as the incompetence of Silicon Valley Bank, hurt the industry.\nWilliam Quigley, a co-founder of Tether, who now runs the non-fungible token (NFT) exchange WAX, highlighted to CoinDesk in an interview that Silicon Valley Bank’s demise was one based on managerial incompetence.\nHolding long-dated, government-issued debt, purchased at a time when interest rates were low, then having tojettison it at fire-sale pricesto shore up liquidity when its startup clients stopped raising money and started just spending, was not a great move but should have only been a challenge and not a fatality for banks, he says.\nQuigley says that around June 2022 management should have noticed the impairment of its bonds and government securities and moved to sell off the portfolio and take the losses, or bring in more deposits.\n“I\'ve been an audit committee chairman and a bank auditor. I know the conversation that happens when deposits are going down at an accelerated rate and our investment portfolio is being impaired to the point where we don’t have enough money to pay off depositors,” he said.\nA lack of communication\nManagement should have been in touch with the Fed in January, and the Fed should have put the bank in some sort of supervisory wind-down then.\nThe problem that’s going to emerge from this, he says, is a lack of trust. SVB was regulated by multiple federal and state agencies, had a clean audit opinion, and was rated as investment grade by a federally licensed rating agency, making it seem like a good bank.\nSVB existed because large banks would typically not give tech startups and crypto companies the time of day.\nBut that doesn’t mean it\'s impossible.\nAsCoinDesk recently reported, crypto conglomerate Digital Currency Group (DCG) has been having productive conversations with the likes of Santander (SAN), HSBC (HSBA), Deutsche Bank, and United Overseas Bank (UOB) in Singapore, as well as fintechs such as Revolout about onboarding its portfolio companies.\nDCG is reportedly having conversations with big banks, but there’s no guarantee that they will come to fruition. These banks might end up spooked by something, and decline to onboard companies orphaned by Silvergate-SVB-Signature. DCG is the parent company of CoinDesk.\nFor roughly the last decade, Taiwanese crypto exchange Maicoin has had fiat on- and off-ramps with Far Eastern International Bank, which would be categorized as a big bank by the Fed.\nAlex Liu, the CEO of Maicoin, told CoinDesk there wasn’t really any magic to convincing banks to give his exchange fiat pipelines. He’s also quick to point out that the root cause of these three banks\' demise in the U.S. is not crypto itself.\n“It involves being able to come across not as a bomb-throwing radical. It helps if you can put on a suit, and talk about things like investor protection, [know your customer/anti-money laundering] and so forth,” he said.\nIt also helps to have a physical address for your headquarters, he continued. Maicoin’s headquarters are in an office tower in downtown Taipei.\n“How many crypto companies refuse to do that one thing?” he asks.\nCrypto banking issues in Asia?\nAs all of this occurs, many jurisdictions in Asia, from Hong Kong to Taiwan,are working on buildinga crypto licensing regime for retail traders.\nCertainly they will be lo
**Last 60 Days of Bitcoin's Closing Prices:**
[20976.30, 20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-15
**Financial & Commodity Data:**
- Gold Closing Price: $1926.60
- Crude Oil Closing Price: $67.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $469,401,216,725
- Hash Rate: 318250274.5486265
- Transaction Count: 345059.0
- Unique Addresses: 750215.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DUBAI, United Arab Emirates --News Direct-- Bybit Bybit, the third most visited crypto exchange in the world, today announced it will donate $100,000 to Turkey’s disaster relief efforts in response to the recent earthquake that struck the country. This donation was made with the aim of helping those affected by the disaster and providing aid to those in need. “We are deeply saddened by the earthquake that hit Turkey and we wanted to do our part to help those affected," said Ben Zhou, co-founder and CEO of Bybit. “We are committed to using our platform’s influence and resources to make a difference in people’s lives. We hope this contribution will go a long way towards providing relief for those impacted by this tragedy.” In order to ensure that the donation has maximum impact, Bybit has researched and decided to help fund AFAD Türkiye (Ministry of Interior Disaster and Emergency Management Precidency), which is the official establishment for all disaster rescue operations across Turkey. The team at Bybit is working to process the payment as soon as possible. Bybit is no stranger when it comes to giving back and being socially responsible. In addition to its donation efforts, Bybit also supports various charitable organizations globally including a donation of $800,000 in Bitcoin over two years to help support UNICEF’s work in providing equal access to education. “We are proud of our commitment towards making a positive impact in the world," added Zhou. "By donating funds and leveraging our influence, we hope more people can become aware of Turkey's needs and get involved." Find out more about Bybit: Crypto donation service Bybit partners with The Giving Block World Series of Trading UNICEF donation Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund. Story continues Contact Details Bybit [email protected] Company Website https://www.bybit.com/en-US/ View source version on newsdirect.com: https://newsdirect.com/news/crypto-giant-bybit-steps-up-for-disaster-relief-following-earthquakes-in-turkey-855261188...
- Reddit Posts (Sample): [['u/Nullius_123', 'Why might a government want to stop you buying crypto?', 14, '2023-03-15 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/', "The UK banks are falling into line. They mostly limit customers' access to crypto to £1000 per day. Another one announced this today. Some don't allow transfers to crypto exchanges at all. They claim this is about protecting against fraud, but this looks like a very thin argument. Doubtless we'll be hearing the same argument from some other countries too.\n\nIt appears to me more likely that the government is trying to close the on and off ramps. Why? What are they afraid of? They certainly don't seem to be too bothered about making their people poorer.\n\nThe answer: losing control of the money supply. If the public are losing trust in the banks; inflation is not under control; and (in Britain) the country is facing economic decline, many people will want to put their wealth into assets that are not denominated in the local fiat currency. A stampede into Bitcoin would be very troubling for a central bank that does not own any.\n\nSo, we could be in for a period of difficulty - getting money into and out of crypto might be harder for a while as governments vie with the crypto community. The outcome is far from assured. \n\nMaking things illegal does nothing to stop demand. The very act of trying to prevent people from buying Bitcoin says much about how in demand it is and the advantages it offers. There will be workarounds.\n\nThere is also a good chance that some smaller countries' central banks will start to hold Bitcoin. Once (if) this happens the floodgates will open and laws passed in Washington or London will be as effective tissue paper in a rainstorm.", 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/', '11rf97e', [['u/iwontsaysiimfine', 13, '2023-03-15 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/jc87tzd/', 'Control. Is reddit working wgain', '11rf97e'], ['u/Korvacs', 11, '2023-03-15 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/jc8aj5t/', "The daily limit in the UK that most banks are setting is £5,000. So over £1.8 million annually. \n\nI don't really see that as being a problem that impacts the vast majority of people. If you're struggling with the fact that you're limited to spending £150,000 a month then I'm sorry, you're living on another planet compared to most people here.\n\nAnd as for what the UK Gov is actually trying to achieve with Cryptocurrency regulation, you can read about it here https://www.reddit.com/r/CryptoCurrency/comments/11khcxj/uk_gov_consultation_future_financial_services/", '11rf97e']]], ['u/Far_Breakfast_5808', "ELI5: How does manipulation of Bitcoin's price actually work?", 101, '2023-03-15 00:41', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/', 'In recent times there have been so many counterintuitive events related to the price of Bitcoin. For example, within the last few days it\'s rallied from 20K to as high as 26K (it\'s currently down to 24K). That\'s despite the fact that Silvergate and Signature both collapsed. You\'d think either or both would cause Bitcoin\'s price to fall, but instead it had the opposite effect.\n\nNow I understand that the sub is a bit tired about talking about the price of Bitcoin. I know it keeps saying that BTC\'s price is manipulated. However, this is what I\'m not exactly understanding, so I\'d like to get an ELI5 on this: how exactly does Bitcoin price manipulation work anyway? And assuming no one knows the real answer, what could be possible ways and methods on how the price is manipulated? And finally, what does "Tether printing" have anything to do with all of this?', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/', '11rfajy', [['u/KissmySPAC', 14, '2023-03-15 00:47', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8640t/', 'Wash trading isn\'t illegal in crypto like it is in stocks. Think of it as something like a tennis match. Except the players are the same person. The ball is the price action going back and forth. If the move to the top side of the court, the price goes up, and if they move to the down side, the price goes down. The price is always dictated by the last trade no matter the size. It doesn\'t matter how much is traded, but rather the price. It\'s called "making a market". It\'s why most stock traders go by the VWAP method for chart analysis. VWAP combines volume and weight or size of the trades. Even though it\'s illegal in stocks, it\'s difficult to prove tampering.\n\nThis doesn\'t even include Binance\'s fictitious books and audit.', '11rfajy'], ['u/greyenlightenment', 15, '2023-03-15 01:02', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc86ewq/', "It's a giant casino. Nothing of value is produced, nor does price change represent the creation of economic value. There is not much more to it than that.", '11rfajy'], ['u/DrBraw', 19, '2023-03-15 01:03', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc86fxt/', 'since exchanges are opaque, unregulated and owned by borderline criminals we have no way to validate trades parties, it’s reasonable to assume the price can and will be manipulated whenever possible… have you noticed that price surges in a steep way but goes down slowly?', '11rfajy'], ['u/Far_Breakfast_5808', 11, '2023-03-15 01:18', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc87s83/', "My question wasn't if manipulation exists, my question is *how* this manipulation works (assuming it does).", '11rfajy'], ['u/PA2SK', 89, '2023-03-15 01:31', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc89e24/', 'No one knows EXACTLY how it works, because exchanges do their best to keep that secret, but we can infer certain things. One way is likely wash trading, they have bots that will trade billions of dollars worth of tokens back and forth between each other. There have been a few studies showing inflated volumes on exchanges and linking it to corresponding price hikes in crypto, that\'s probably wash trading.\n\nAnother possibility is using stablecoins like tether, which are simply printed out of thin air, to buy up crypto on exchanges. That pushes the price up, which causes people to FOMO in, which pushes it up even more. At that point they can dump Bitcoin on them and cash out for real USD on the top. \n\nAnother way is to limit or outright halt trading to prevent people selling. You see this when there\'s a big crash and all the exchanges shut down due to "technical issues". That stops people selling until they can prop the market up again.\n\nThat\'s three ways, most likely there\'s more.', '11rfajy'], ['u/Background_Aside_825', 53, '2023-03-15 01:33', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc89smu/', 'To answer the tether question, maybe the following thought exercise helps make it clear.\n\nFirstly, understand that it\'s relatively rare to trade USD directly for bitcoin, especially now that crypto is losing all of its USD banking. The actual trading pair is with stablecoins, including tether, and then because they\'re ostensibly worth $1USD this is treated as equivalent with a USD pair for price charts. When you see the price of BTC, it\'s how many USDT tokens people are using to buy BTC, not necessarily dollars. This is important, keep it in mind.\n\nNext, what does "printing tethers" mean? It means tether is making new USDT, presumably without any USD involved. Thus it costs them nothing to have vast sums of tokens to use however they feel is appropriate... Let\'s just assume that these new issuances are partially or wholly unbacked for the sake of argument, many people assume this including some cryptobros, there\'s plenty of (somewhat weak, which is unsurprising given how opaque they are) evidence that they are undercollateralized but it\'s a huge tangent. \n\nSo then how does this lead to price manipulation?\n\nWell, either by distributing it to partners who then buy BTC with it at the target price or by buying BTC themselves, they affect that USDT/BTC trading pair without any more actual money ever entering the system. People have accused them in the past of making unbacked USDT, buying BTC with it, and then claiming that BTC is the backing... Something that should make you shudder if you think about it for too long.\n\nAnd why is this manipulation debated instead of being visible on chain? Well in the age of exchanges and OTC transactions, very little activity actually occurs on chain, and most of these "sales" can easily happen in some backend book-keeping and at best get resolved in giant lump sum Blockchain transactions that include many exchange transactions.. there has been a lot of sus on chain activity, there\'s a twitter account that follows the whale wallets and flags suspicious activity, but the granularity of those transactions is so large that it\'s conjecture to assume that they\'re manipulation related.\n\nI would be shocked if there weren\'t other methods of manipulation (looking at the evidence that\'s come out of how FTX manipulated their books might help your imagination here), but I think this is the one people can guess most accurately about.\n\nAs an aside, Binance recently was proven to have made a bunch of "fake" BUSD that was unbacked and not even necessarily correct on chain (bit fuzzy remembering the details here, sorry) presumably to do this same thing I just described. Hope this helps.', '11rfajy'], ['u/DrBraw', 11, '2023-03-15 01:47', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8bp7h/', 'if you own the infrastructure and can control internal fake assets (just numbers in a database) then you just need to push a button', '11rfajy'], ['u/NotAnotherEmpire', 22, '2023-03-15 01:50', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8c7rh/', 'The first principle to understand is that with the exception of Coinbase (who was heavily fined for wash trading), there\'s no regulation in the market. Absolutely anything goes.\n\nAn exchange can do everything from making up volume, to issuing unbacked "dollars," to colluding with other exchanges, to trading on their own account against their customers and frontrunning them while they do it. \n\nThis isn\'t just all legal - it\'s all things that exchanges are *known* to have done. This is also why the SEC has denied every Bitcoin ETF proposal.\n\nThere isn\'t really anything preventing them from doing a Madoff on you and have you trading against *fake* trades.', '11rfajy'], ['u/MooseSoftware', 42, '2023-03-15 02:10', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8fav5/', '>ELI5: How does manipulation of Bitcoin\'s price actually work?\n\nThe answer is so long and complex, very difficult and time consuming to ELI5 all aspects of wash trading, pump and dump, exchange fraud, tape painting, spoofing, and other manipulation schemes just for you, let alone the impacts of Tether and other fraud inherent throughout cryptocurrency.\n\nEven ignoring all of the methods of fraud (wash trading, pump and dump, Tether, etc), at the end of the day, most (all?) crypto exchanges are run by shady characters, in unregulated, opaque environments without oversight. Exchanges can and do spike prices to destroy longs / shorts, and can do what they like to spoof volume and price to make it seem like something is more valuable than it is.\n\nHere are some "easy reading" links to get you going on researching some topics:\n\n* **Ponzi Scheme**: [https://en.wikipedia.org/wiki/Ponzi\\_scheme](https://en.wikipedia.org/wiki/Ponzi_scheme)\n* **Pump and Dump**: [https://en.wikipedia.org/wiki/Pump\\_and\\_dump](https://en.wikipedia.org/wiki/Pump_and_dump)\n* **Pyramid scheme**: [https://en.wikipedia.org/wiki/Pyramid\\_scheme](https://en.wikipedia.org/wiki/Pyramid_scheme)\n* **Wash trading**: [https://en.wikipedia.org/wiki/Wash\\_trade](https://en.wikipedia.org/wiki/Wash_trade)\n\nWhen you have the basics down, here\'s some links for articles, research, academic papers regarding blockchain and cryptocurrency "issues", frauds, scams, etc to get you started:\n\nNOTE: perfectly understandable if you cannot read or understand the entire paper, so read the Executive Summary at the start.\n\n* **Bitcoin trading volumes was 95% less than what was reported**, 3-Sep-2022, [https://www.financialexpress.com/digital-currency/bitcoin-trading-volumes-was-95-less-than-what-was-reported-report/2654097/](https://www.financialexpress.com/digital-currency/bitcoin-trading-volumes-was-95-less-than-what-was-reported-report/2654097/)\n* **An Anatomy of Bitcoin Price Manipulation**, Matt Ranger, 9-Jan-2022, [https://www.singlelunch.com/2022/01/09/an-anatomy-of-bitcoin-price-manipulation/](https://www.singlelunch.com/2022/01/09/an-anatomy-of-bitcoin-price-manipulation/)\n* **Crypto Wash Trading**, Lin William Cong, Xi Li, Ke Tang, Yang Yang, 24-Aug-2021, [https://arxiv.org/abs/2108.10984](https://arxiv.org/abs/2108.10984) TL;DR: We quantify the wash trading on each unregulated exchange, which averaged over 70% of the reported volume.\n* **The Crypto-Chernobyl**, Stephen Diehl, 10-Feb-2021, [https://www.stephendiehl.com/blog/chernobyl.html](https://www.stephendiehl.com/blog/chernobyl.html)\n* **The Great Crypto Heist**, Nouriel Roubini, professor at NYU’s Stern School of Business, 16-Jul-2019, [https://www.project-syndicate.org/commentary/cryptocurrency-exchanges-are-financial-scams-by-nouriel-roubini-2019-07](https://www.project-syndicate.org/commentary/cryptocurrency-exchanges-are-financial-scams-by-nouriel-roubini-2019-07)\n* **The Anatomy Of A Fake Cryptocurrency Trade How Exchanges Create Phony Transactions**, Jeff Kauflin, 2-JUl-2019, [https://www.forbes.com/sites/jeffkauflin/2019/07/02/the-anatomy-of-a-fake-cryptocurrency-trade-how-exchanges-create-phony-transactions/](https://www.forbes.com/sites/jeffkauflin/2019/07/02/the-anatomy-of-a-fake-cryptocurrency-trade-how-exchanges-create-phony-transactions/)\n* **Cryptocurrency Exchange Hack Timeline: 42 Documented Hacks**, 27-Jun-2019, [https://cryptosec.info/exchange-hacks/](https://cryptosec.info/exchange-hacks/) TL;DR: $1 BILLION+ stolen, lost, scammed. Cryptocurrency markets are a cesspool of fraud and corruption.\n* **Another Pumps and Dumps True Story**, Evan Ducktator, 16-Apr-2019, [https://medium.com/@ducktator/another-pumps-and-dumps-true-story-8739ebfe3fe2](https://medium.com/@ducktator/another-pumps-and-dumps-true-story-8739ebfe3fe2), Refers / relates to **Machine learning identifies cryptocurrency scams before they happen** above.\n* **Flash Boys Trading Bots Are Running Wild on Crypto Exchanges**, Olga Kharif, 15-Apr-2019, [https://www.bloomberg.com/news/articles/2019-04-15/-flash-boys-trading-bots-are-running-wild-on-crypto-exchanges?srnd=premium](https://www.bloomberg.com/news/articles/2019-04-15/-flash-boys-trading-bots-are-running-wild-on-crypto-exchanges?srnd=premium)\n* **Fake volumes in cryptocurrency markets - February report**, Crypto Integrity, Mar-2019, [https://medium.com/crypto-integrity/fake-volumes-in-cryptocurrency-markets-february-report-fec9329f1f98](https://medium.com/crypto-integrity/fake-volumes-in-cryptocurrency-markets-february-report-fec9329f1f98), TL;DR: 88-100% trading fraud in cryptocurrency markets. Related link #1: [https://www.reddit.com/r/Buttcoin/comments/b1ns9m/smoke\\_and\\_mirrors\\_more\\_reports\\_of\\_rampant\\_wash/](https://www.reddit.com/r/Buttcoin/comments/b1ns9m/smoke_and_mirrors_more_reports_of_rampant_wash/), Related link #2: [https://www.theblockcrypto.com/2019/03/11/smoke-and-mirrors-more-reports-of-rampant-wash-trading-detected-among-large-crypto-exchanges/](https://www.theblockcrypto.com/2019/03/11/smoke-and-mirrors-more-reports-of-rampant-wash-trading-detected-among-large-crypto-exchanges/)\n* **Cryptocurrency Pump-and-Dump Schemes**, Li, Tao and Shin, Donghwa and Wang, Baolian, September 30, 2018, [https://ssrn.com/abstract=3267041](https://ssrn.com/abstract=3267041)\n* **The Impact of Tether Grants on Bitcoin**, Wei, Wang Chun, May 9, 2018. Available at SSRN: [https://ssrn.com/abstract=3175876](https://ssrn.com/abstract=3175876)\n* **The Cryptocurrency Fraud in 4 Slides**, Nicholas Weaver, ICSI & UC Berkeley, 3-Apr-2018, [https://www.youtube.com/watch?v=xXDMzSZ409w](https://www.youtube.com/watch?v=xXDMzSZ409w)\n* **Price Manipulation in the Bitcoin Ecosystem**, Neil Gandala, JT Hamrickb, Tyler Mooreb, Tali Obermana, Dec-2017, [https://tylermoore.utulsa.edu/jme17.pdf](https://tylermoore.utulsa.edu/jme17.pdf)\n\nHope this helps !', '11rfajy'], ['u/NotAnotherEmpire', 13, '2023-03-15 02:12', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8fii8/', "The TL;DR of my main reply is that you can't assume any of the numbers on your screen are real. No one enforces that. \n\nThis has happened before with unregulated offshore gambling. You may see a blackjack deck, but what you don't see is that it has a reduced frequency of aces, that the player to the right of you works for the casino, or that there's a reshuffle script if the dealer will bust.", '11rfajy'], ['u/SemiCurrentGuy', 16, '2023-03-15 02:18', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8ghth/', 'I\'ve worked at a smaller (compared to Binance) crypto exchange before, and from what I understood the prices were always dependent on 2 things: the order book and the aggregated "price line" as determined via the prices of the "top 3 exchanges" which includes Binance. \n\nSo that first one is easy enough to grasp - the prices you see for most shitcoins on the exchange are based on the actual buy and sell prices on the order book (basically the last buy and last sell prices made by individuals/groups). The second part, it\'s like an average of the prices pulled through an API from the likes of Binance, Coinbase, and say FTX (before it collapsed).\n\nSo right from the start, you have at least one part of what determines the price to be pretty much dictated by the biggest players like Binance. You think they would just let the actual free market decide one of the most important parts of their entire multi-billion dollar operation? At the same time, not all active buy or sell orders are made through the public/visible order book, as we also cater to customers who transact through OTC (over-the-counter) methods. These are brokered and aren\'t considered part of the order book at all.\n\nTo make a long story short, there are at least a couple of stops wherein the price can be entirely fabricated from the originating party - 1st is the "top exchanges" that are the source of the "price line" which is marketed to customers as a fair price (before fees), and 2nd is the orderbook+OTC price combo that are both hidden from view and will never be made public at all, forever. \n\nNone of this even counts the influence that third parties like Tether, Justin Sun, or random bad actors can have on the price (for better or worse). The bottom line is that actual retail investors (i.e. most redditors and twitter cryptobros) have no idea how much they are getting shafted, but they don\'t care as long as they can still get something out of it.', '11rfajy'], ['u/KissmySPAC', 11, '2023-03-15 02:28', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8hypr/', 'I think you are confusing wash trading vs wash sale.', '11rfajy'], ['u/PA2SK', 32, '2023-03-15 02:51', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8le8a/', "Maybe the wash trading eats up some retail demand, on the other hand it would be trivial to limit wash trading partially or entirely to bots. Also, if too many people are cashing out they can require some of them to re-authenticate their accounts. If you go on the binance sub you'll see people complaining about this, their accounts are locked for many weeks, with binance requiring them to submit videos of themselves, photo IDs, etc and putting them in an endless loop of requests for info, ignoring them, dropping their ticket, etc. The reality is crypto is very complex and arcane (likely by design), and exchanges have many levers they can pull to control the market. There are NO rules, NO oversight, so they can do pretty much whatever they want.\n\nYou're getting into technical details now that we don't have the answers to unless SBF or others decide to spill the beans. It's like asking Microsoft exactly how Windows works, in detail, or exactly how their development process works. If they don't want to tell you you're never going to figure it out, it's just too complicated.", '11rfajy'], ['u/Far_Breakfast_5808', 20, '2023-03-15 03:06', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8npy6/', 'If Coinbase were to go bankrupt, what would be its effects on crypto? Would that cause a fall in BTC prices, or would the mechanisms you mentioned above like liquidation and "printing out of thin air" prevent that?', '11rfajy'], ['u/celiatec', 45, '2023-03-15 03:16', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8p3zm/', 'It would remove an important way to get real money into crypto. Coinbase is the most "legit" one of the exchanges (because they are a public US company). This would make it harder for average westerners to get crypto. \n\nBut ultimately the end of Coinbase will not be the end of Crypto if its an isolated event. There are too many other players out there. As long as there other ways to suck money into the system (Kraken, Crypto.com, ~~FTX~~, Binance), the "game" will continue. It will just be a bit harder.', '11rfajy'], ['u/NarwhalOk95', 11, '2023-03-15 03:43', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8sytz/', 'What do you use to price a stock? If your assumption was true there would be no due diligence, no reports to shareholders, no audits, and picking stocks would be like choosing your lotto numbers.', '11rfajy'], ['u/AmericanScream', 17, '2023-03-15 03:53', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8uan8/', "Additional references:\n\n* [Is Bitcoin a Ponzi Scheme?](https://www.reddit.com/r/CryptoReality/comments/o7v5xs/is_bitcoin_a_ponzi_scheme_a_detailed_analysis/)\n* [List of debunked claims made by crypto/blockchain projects](https://old.reddit.com/r/CryptoReality/comments/lq6xpq/the_defacto_list_of_cryptocurrencyblockchain/)\n* [The CryptoReality Dictionary of Crypto Terminology](https://old.reddit.com/r/CryptoReality/comments/sethog/the_cryptoreality_dictionary_of_crypto/) - A hauntingly accurate tongue-in-cheek list of common crypto terms, people and places with descriptions.\n* [The 10 Commandments of Crypto Reality](https://reddit.com/r/CryptoReality/comments/o3myr6/the_rcryptoreality_ten_commandments_of_crypto/)\n* [Why bitcoin is an even worse investment than Beanie Babies - a primer on the importance of value](https://reddit.com/r/CryptoReality/comments/pyn7c9/why_crypto_is_a_worse_more_volatile_and_more/)\n* [ELI5 of how bitcoin works and what's giving it value](https://old.reddit.com/r/Buttcoin/comments/kbtx1a/the_bitcoin_bedtime_story/)\n* [What if Bitcoin was an automobile? How would it compare to other vehicles?](https://reddit.com/r/CryptoReality/comments/p066hv/what_if_bitcoin_was_an_automobile_lets_evaluate/) - A data-based comparison of Bitcoin in terms of performance to existing financial technology using automotive analogies.\n* [Blockchain - Innovation or Illusion?](https://www.youtube.com/watch?v=tspGVbmMmVA) - A comprehensive and detailed analysis of what blockchain is, how it works, and whether it actually lives up to the claim it makes.", '11rfajy'], ['u/AmericanScream', 11, '2023-03-15 03:57', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8usgw/', '> Wash trading isn\'t illegal in crypto like it is in stocks. \n\nFraud is illegal. If in the process of engaging in wash trading, you claim wash trades are natural, organic, third-party transactions (which is rampant in the crypto industry), that constitutes *fraud* and it **is** illegal. In any market, including the crypto market.\n\nThe problem with crypto is that it\'s a new industry and there\'s conflict over whose responsibility it is to police fraud in this area. That\'s what\'s held up enforcement. Not because what they\'re doing is "legal."', '11rfajy'], ['u/90Valentine', 12, '2023-03-15 05:18', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc94qc3/', 'So if USDT is being printed without backing, and buying BTC, and then claiming the BTC is the backing behind the USDT how does this house of cards fall?\n\nIs it when Bitcoin holders start cashing in their coins?', '11rfajy'], ['u/tylerbeefish', 12, '2023-03-15 05:49', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc980h2/', 'Btw when USDC de-pegged over the weekend, Binance halted trading of the token. Within hours, it was brought online alongside a new perpetuals contract for USDT/USDC with 30x leverage. It is possible to buy USDC with USDT on super high leverage. Millions of “dollars” flooded in to save the peg.', '11rfajy'], ['u/Sal_Bayat', 18, '2023-03-15 06:16', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc9ahy1/', "Bingo. Why do you think there's all that HODL propaganda. It's brainwashing, same type of manipulation you see in Amway or a cult. \n\nThere's not enough liquidity to honour bitcoin deposits. A good ol fashioned run on the decentralized bank is all you need.\n\nOf course it looks like the payment rails just got nuked, but the exchanges can artificially report what they want for the price.\n\nHowever, no loans for Miners and no way to liquidate bitcoin holdings into fiat means a hashrate collapse. Price will tend to follow hashrate and vice versa so a price collapse will follow the hashrate collapse.", '11rfajy'], ['u/Mountain-Adeptness42', 12, '2023-03-15 10:09', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc9setx/', 'I don\'t know if retail\'s role in 20/21 was "massive". Sure, many new people bought. However, at the same time, some 70 billion Tethers were created. The price pumps followed those mints quite closely. It is quite likely that the pump was actually mostly artificial.', '11rfajy'], ['u/celiatec', 12, '2023-03-15 10:32', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc9u0gx/', 'A huge chunk of BUSD was bought by... Tether. USDT market cap increased in lock-step with BUSD going down, especially during the 16k->20k+ pump. Since Tether has an infinite supply of USDT its not a problem for them to be BUSD bag-holder.', '11rfajy']]], ['u/rcnet96', 'Current Bitcoin on/off ramps to fiat?', 13, '2023-03-15 01:44', 'https://www.reddit.com/r/Bitcoin/comments/11rgkh1/current_bitcoin_onoff_ramps_to_fiat/', 'A lot has changed in the last couple of weeks. I know about the major exchanges (Coinbase, Kraken), but what other options are currently available to convert USD to Bitcoin and back from/to a Tradfi bank account? Looking for something with low fees, not an arm and a leg.', 'https://www.reddit.com/r/Bitcoin/comments/11rgkh1/current_bitcoin_onoff_ramps_to_fiat/', '11rgkh1', [['u/inhodel', 12, '2023-03-15 01:54', 'https://www.reddit.com/r/Bitcoin/comments/11rgkh1/current_bitcoin_onoff_ramps_to_fiat/jc8csb7/', 'For us peasants nothing has changed. Regular plebs still using the same on/off ramps as usual.', '11rgkh1']]], ['u/Zoinky11', 'Is this a dead cat bounce/bull trap', 37, '2023-03-15 02:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/', 'I know this post will most likely be lost in the downvotes due to it having bearish undertones but here is how I see the markets.\n\nMy original price target for BTC in this bear cycle was $12,500, this target has not been reached yet. I believe the current pumps that we are seeing are a rallying bear market/dead cat bounce. \nI know all too well that that sensation of FOMO is tingling again with these nice green days we have had. \n\nI also believe that the world is just not in an economic place right now for crypto to run bullish. Although you could argue that a lot of the issues in the current financial institutions would be solved or at least benefited by implementation of crypto. On that topic I don’t expect the federal reserve will be able to help with quantitative easing in the next year.\n\nAnother point that indicated a dead cat bounce is the fear and greed index which has now flipped to greed after just two green days. \nFor reference the fear to greed score is 56 as of writing this \n\nI am still personally waiting for that 12.5K mark to be hit.\nWhat do y’all think? Is this the turning point\n\n\nEdit: of course no one really knows and I don’t presume to, this is just an opinion', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/', '11ridut', [['u/tefosaenz', 18, '2023-03-15 02:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc8m1xp/', "it will most certainly continue it's price action towards the right side of the chart, thank me later", '11ridut'], ['u/Tasigur1', 12, '2023-03-15 03:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc8qjm1/', 'After a 20% run within a very short time u always have a calm moment afterwards (= sell off). \n\nBtw. Congratz to anyone who is in the markets right now!', '11ridut'], ['u/Ball_bearing', 13, '2023-03-15 03:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc8r25k/', " It's just the kitty cat dance.", '11ridut'], ['u/Embarrassed-Egg-545', 133, '2023-03-15 03:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc8rzhr/', '‘My origin target was $12.5k’, yeah yours and every Twitter influencer. Bearish targets are just as likely to hit as bullish targets. $10k Btc is the $100k Btc of the bullrun. \n\nY’all are dreaming', '11ridut'], ['u/AnimeFlamingo', 16, '2023-03-15 03:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc8rzwz/', 'As always, crypto market is volatile and unpredictable. Maybe it’s a bull trap, maybe it’s not. I do think that the macroeconomics and other factors favors the momentum', '11ridut'], ['u/DrunkOnListerineOnly', 12, '2023-03-15 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc8wrrx/', 'This. \n\nPpl hoping for low prices for such a long time now. Get in the car or get left behind!', '11ridut'], ['u/Embarrassed-Egg-545', 21, '2023-03-15 04:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc924xp/', 'Yeah it seems wild that after FTX, collaps, silver gate, SVB, Luna and 12 months of down only and still couldn’t push Btc down to $10k that ppl still don’t understand hunk to adjust the target. Like wouldn’t the fact that Btc has held up against all these black swans now maybe make you think that there is much more demand at those levels than people first thought? If those didn’t push Btc down do you really think ppl will just break for no reason? People just put targets out there and seem to never question it ever again', '11ridut'], ['u/DjGorefiend', 15, '2023-03-15 08:25', 'https://www.reddit.com/r/CryptoCurrency/comments/11ridut/is_this_a_dead_cat_bouncebull_trap/jc9kyyj/', 'He basically said “I’m waiting for 12.5k to buy in” but we know he won’t buy in at that level because at that point he will believe Bitcoin and crypto to be dying. And if it goes up he’s gonna make $50 on his $100 investment and be disappointed.', '11ridut']]], ['u/xmrhero', 'Fixedfloat is holding my funds', 97, '2023-03-15 03:00', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/', 'I tried to exchange some btc to xmr using fixedfloat just a few hours ago. Everything seemed to have went smoothly and it said the funds were transferred but I never received anything. I contacted their support and they said they froze the transfer because "Your order was stopped because we received information from our partners that the funds in your address were obtained fraudulently" which is nonsense. I\'ve used them many times before in the past with no issues. How am I supposed to prove that my funds aren\'t "fraudulent" whatever that means\n\nThey can just says it\'s fraudulent as an excuse to hold someone\'s funds now. I\'d be careful to anyone trying to use their services right now. I\'m extremely pissed off and don\'t know what to do\n\nEdit: Even after answering all their questions and providing multiple screenshots proving the origins of my funds /u/fixedfloat still have not returned my funds and I do not believe they ever will. They just keep making up excuses. They scammed me plain and simple. Do not use /u/fixedfloat if you don\'t want to lose your money', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/', '11rinux', [['u/kthewhispers', 45, '2023-03-15 03:09', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc8o22j/', "Sir you can't use this 1$ bill for donation at this church because it's been in a hookers ass crack and also has traces of cocaine on it and it's disrespectful to God.", '11rinux'], ['u/MoneroFox', 11, '2023-03-15 08:38', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9lx82/', 'Always take care of the purity of your public coins like BTC!\n\nThese instant exchanges are directly connected to the veins of some CEx (usually Binance). CEx usually uses Chainalysis (it determines the purity of your coins). Chainalysis is the law. Hence, Monero was born.\n\nEDIT: *In addition, Binance often has an empty XMR wallet, so it just makes up all sorts of excuses to not have to pay out.*', '11rinux'], ['u/xmrhero', 13, '2023-03-15 08:41', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9m3xw/', 'I emailed them hours ago and they stopped replying after I answered their questions. I want my money returned to me you scammers', '11rinux'], ['u/Ur_mothers_keeper', 82, '2023-03-15 09:17', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9oo1f/', "Fixedfloat is no longer listed on kycnot.me because of this. You should never, ever use a swap service that does not refund in the case of a KYC rejection or failure. This type of shit is why Changelly is widely considered a scam in this community, and there are others doing this sort of bullshit (exolix) and I sit here disillusioned to see our community beginning to passively accept it. *All services that hold user funds should be labelled and widely exposed as scams within our community, period.*\n\nMajestic bank, changenow.io simpleswap.io, exch.cx are my go to swap services, all of them either don't do KYC or refund your initial send to them if you refuse or fail. \n\nThe two most popular aggregators in Monero, OrangeFren and Trocador, both support services that will hold funds. This is totally unacceptable and no self respecting Monero user should be using services that do this.", '11rinux'], ['u/Megatripolis', 11, '2023-03-15 09:22', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9p2s9/', 'A letter? What year is it again?\n\nI’ve always thought of you guys as legit but this is making me rapidly reconsider. I’m sure I’m not alone either.', '11rinux'], ['u/xmrhero', 21, '2023-03-15 09:23', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9p4ii/', "I wish I would have known this earlier. I used them many times before so I thought they were trustworthy. This is completely unacceptable they are scamming plain and simple. All they have to do is say someone's coins are fraudulent with no proof whatsoever on their part, while placing the burden of proof on the sender. They have no company info either just an email address. They need to return my funds I have done nothing wrong /u/fixedfloat", '11rinux'], ['u/xmrhero', 11, '2023-03-15 09:29', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9pihx/', 'They are absolutely not legit. Do not do business with them unless you feel like having your funds stolen', '11rinux'], ['u/Ur_mothers_keeper', 17, '2023-03-15 09:30', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9pn0h/', "You've got to read the terms of service of any service you use, read their FAQ about KYC.\n\nhttps://kycnot.me is a very valuable and popular resource and you should refer to it periodically especially if you use swap services, as this sort of info about them is usually kept up to date.\n\nI'm sorry to see you going through this, we as a community should not tolerate it.", '11rinux'], ['u/ShortFroth', 14, '2023-03-15 09:34', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9pvg1/', "BTC sucks. Always run your BTC through Samourai/sparrow wallet's whirlpool before interacting with centralized services. it also forces you to break up funds and that mitigate risk from Block chain Surveillance companies falsely accusing you being a criminal and taking your whole stack.\n\nIts pathetic that in order to use bitcoin we have to launder the money even if we are not criminals, but it is what it is.", '11rinux'], ['u/MoneroWTF', 13, '2023-03-15 10:12', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jc9sk4c/', "Where I'm from, we call that a shakedown", '11rinux'], ['u/drjacks', 26, '2023-03-15 12:53', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jca5vn0/', "You were one of my favorite services with quite large swaps but after I hear you holding funds, no way. If you don't want to make the exchange, then refund it. That's all. If others can do it, you can also do it. Hope it gets better and you can earn trust again.", '11rinux'], ['u/ResolutionFirm9228', 13, '2023-03-15 12:59', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jca6ikh/', ">Doesn't sound like a kyc failure. They seized the money cause the blockchain analytics told the system that the money is stolen or of criminal origin. Of course, he could still do kyc but that wouldn't unlock the funds, only lock himself up as well.\n\nAgreed. If they don't want to make the exchange, then they should refund it.", '11rinux'], ['u/kavOclock', 16, '2023-03-15 13:26', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jca9eqf/', 'Wouldn’t using a coin mixer also put someone in the same position that OP is currently in?', '11rinux'], ['u/Cute_Parfait_2182', 12, '2023-03-15 14:59', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcalbv2/', 'Using a mixer type wallet usually flags any btc transaction as suspicious with exchanges', '11rinux'], ['u/aeroverra', 22, '2023-03-15 16:03', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcauyso/', "But we will take it so you can't have it*", '11rinux'], ['u/MoneroArbo', 19, '2023-03-15 17:24', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcb7qjy/', '"receive information" from who? are you suggesting law enforcement involvement or are you talking about automated information you get from blockchain surveillance companies. or some mysterious third option', '11rinux'], ['u/Ur_mothers_keeper', 12, '2023-03-15 18:04', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcbeada/', "If they can't do the swap they need to return his money, period. Anything less is unacceptable within this community.", '11rinux'], ['u/Ur_mothers_keeper', 16, '2023-03-15 18:05', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcbegna/', "If you can't do the swap return the money, otherwise you're rightfully labelled a thief and should be blacklisted by the Monero community just like Changelly and any other service that steals from users.", '11rinux'], ['u/Ur_mothers_keeper', 23, '2023-03-15 18:06', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcbeo0v/', 'Then send the money back. Quit making excuses for stealing from your users.', '11rinux'], ['u/xmrhero', 15, '2023-03-15 18:20', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcbgwuw/', 'I already answered all your questions yet you are still holding my funds. I have done nothing illegal. You have provided no information showing that the funds were related to anything criminal because they were not. You are obligated to return my funds to me because I have done nothing wrong', '11rinux'], ['u/_RootZero', 17, '2023-03-15 19:06', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcbogaa/', "Piss the fuck off with that bullshit. If you can't provide a service without this kind of shitty tos, shut your business down and go do something else.", '11rinux'], ['u/xmrhero', 14, '2023-03-15 20:25', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcc1avs/', 'None of my funds are from theft or fraud yet you are holding them anyway', '11rinux'], ['u/MoneroArbo', 20, '2023-03-15 22:05', 'https://www.reddit.com/r/Monero/comments/11rinux/fixedfloat_is_holding_my_funds/jcchhil/', "so basically you're acting as judge and jury. I don't like it.", '11rinux']]], ['u/Purpleflrupfan87', 'My personal ranking of every new Jake and Amir episode (Updated: 3/14/23)', 29, '2023-03-15 04:05', 'https://www.reddit.com/r/jakeandamir/comments/11rk9jx/my_personal_ranking_of_every_new_jake_and_amir/', '\\[The Best\\]\n\n1. Cock Monster (They did it! Idk how but they re-sparked that magic from 10 years ago! Instant Classic!)\n\n\\[The Great\\]\n\n2. Shmuel\'s Rules (I liked that. I liked the Shmuel\'s Rules thing. It sat right. My personal fav.)\n\n3. Pony (Insecure Jake is back!)\n\n4. NFTs ("I simp for the chimp" Great sequel to Bitcoin)\n\n\\[The Good\\]\n\n5. March Madness Pt. 9 (Big improvement from "Pt. 8")\n\n6. Costumes Part 4 (The 3rd person on the couch gets me every time)\n\n7. Wordle ("You Saboteur. You Benedict Cumberbatch.")\n\n\\[The Average\\]\n\n8. Q (Loved Amir\'s energy and spit takes here)\n\n9. Shoe Scroll (Nothing memorable just another average vid)\n\n10. March Madness Pt. 8 (RIP Jake\'s Taxes)\n\n\\[The Bad\\]\n\n11. Podcast (Just not feeling this one, but a nice homage to Vote: Part 2)\n\n12. Podcast Ideas (Okay start to a new series. Feels like they are getting back into the groove.)\n\n13. Vaccinated (Besides the bad breathe in the beginning just isn\'t that funny to me)', 'https://www.reddit.com/r/jakeandamir/comments/11rk9jx/my_personal_ranking_of_every_new_jake_and_amir/', '11rk9jx', [['u/DiscoFunkUrSelf', 10, '2023-03-15 04:42', 'https://www.reddit.com/r/jakeandamir/comments/11rk9jx/my_personal_ranking_of_every_new_jake_and_amir/jc90lgy/', 'Wordle is by far my favourite! Gets me every time.\n\n&#x200B;\n\nUPVOTE ME TO KARMA HEAVEN!', '11rk9jx'], ['u/GrosPigeon', 25, '2023-03-15 05:07', 'https://www.reddit.com/r/jakeandamir/comments/11rk9jx/my_personal_ranking_of_every_new_jake_and_amir/jc93i2y/', "And don't forget the sauce🧐", '11rk9jx'], ['u/dcute69', 10, '2023-03-15 10:45', 'https://www.reddit.com/r/jakeandamir/comments/11rk9jx/my_personal_ranking_of_every_new_jake_and_amir/jc9uzb6/', 'Bad quote? Nah, bad you', '11rk9jx']]], ['u/jphillips8648', 'Warren Buffet is right. Bitcoin is rat poison.', 114, '2023-03-15 04:30', 'https://www.reddit.com/r/Bitcoin/comments/11rkto8/warren_buffet_is_right_bitcoin_is_rat_poison/', "So I guess the banks are the rats? Or is it the entire fractional reserve system? Maybe it's the federal reserve?\n\nYou got to hand it to WB, he's always making these great long pass calls on shit.", 'https://www.reddit.com/r/Bitcoin/comments/11rkto8/warren_buffet_is_right_bitcoin_is_rat_poison/', '11rkto8', [['u/xboox', 51, '2023-03-15 04:43', 'https://www.reddit.com/r/Bitcoin/comments/11rkto8/warren_buffet_is_right_bitcoin_is_rat_poison/jc90oal/', "He's one of those rats at the fiat trough.", '11rkto8'], ['u/Walmart_Warrior_420', 40, '2023-03-15 06:06', 'https://www.reddit.com/r/Bitcoin/comments/11rkto8/warren_buffet_is_right_bitcoin_is_rat_poison/jc99nz3/', '"Years after calling Bitcoin ‘rat poison,’ Warren Buffett just invested $1 billion in a crypto-friendly bank" \n\nEven old man Buffett is taking out fiat insurance ( ͡° ͜ʖ ͡°)', '11rkto8'], ['u/MiceAreTiny', 15, '2023-03-15 08:23', 'https://www.reddit.com/r/Bitcoin/comments/11rkto8/warren_buffet_is_right_bitcoin_is_rat_poison/jc9kt1c/', 'Bitcoin does not have customer support. Bitcoin does not have customers. Bitcoin is not a product sold to anyone. Bitcoin is a mathematical protocol. It can not get more transparent than that.', '11rkto8'], ['u/hitma-n', 11, '2023-03-15 10:58', 'https://www.reddit.com/r/Bitcoin/comments/11rkto8/warren_buffet_is_right_bitcoin_is_rat_poison/jc9vyan/', 'Admit it OP got us all in the first half.', '11rkto8']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, March 15, 2023', 37, '2023-03-15 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/', '11rlgh8', [['u/roadworn', 10, '2023-03-15 05:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc94fmt/', "I really feel like we're missing on some great commentary in this beast market from u/Controlurkeys", '11rlgh8'], ['u/Outrageous-Net-7164', 10, '2023-03-15 05:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc95hu6/', 'Seriously considering selling half my stack here and buying back later. No tax where I live so only risk is having it run away and leaving me out of position. \n\nThoughts ?', '11rlgh8'], ['u/diydude2', 13, '2023-03-15 06:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc99ar8/', '25K is the new 20K.\n\nPS -- boy, is that round bottom on the hourlies or what! The very very best is yet to come.', '11rlgh8'], ['u/spinbarkit', 10, '2023-03-15 07:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc9ga9y/', "wasn't 19,5k just 5 days ago?", '11rlgh8'], ['u/RetardIdiotTrader', 13, '2023-03-15 07:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc9i28f/', 'They don’t buy the dips when it happens. They *always* want a dip after the price goes up.', '11rlgh8'], ['u/adichandra', 11, '2023-03-15 07:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc9izlo/', "you won't buy at 18k. you'll wait again at 10k or even 6k.", '11rlgh8'], ['u/TightTightTightYea', 12, '2023-03-15 08:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc9lhbs/', 'If only a couple more US banks would bust, and then if we could join hands to make another push up, I am confident we could make a trend out of it.\n\nGetting back to the roots, could be thrilling in next year or so.', '11rlgh8'], ['u/jabatasu', 14, '2023-03-15 08:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc9nb7o/', 'Sell me one for 20k then', '11rlgh8'], ['u/xtal_00', 11, '2023-03-15 09:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11rlgh8/daily_discussion_wednesday_march_15_2023/jc9nj47/', 'Went in on the way ba...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin and ether are coming off a multi-day rally, slipping into the red.\nInsights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis?\nBitcoin Dips Below $25K as Market Debates Liquidity\nCoinDesk Market Index (CMI)\n1,089\n−28.3▼2.5%\nBitcoin (BTC)\n$24,330\n−621.2▼2.5%\nEthereum (ETH)\n$1,649\n−63.7▼3.7%\nS&P 500\n3,891.93\n−27.4▼0.7%\nGold\n$1,919\n+12.6▲0.7%\nNikkei 225\n27,229.48\n+7.4▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649.\nLiquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.\nMost recently, something appears to have spooked the Federal Deposit Insurance Corp. as itreplaced $40 billionin funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.\nAsReuters recently reported, over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion.\n“The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.”\nConnors says this is a question of confidence for the Federal Reserve.\n“When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued.\nA bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty.\n“The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.”\nThe next meeting of the Fed\'s rate-setting Federal Open Market Committee is scheduled to take place March 21-22.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221213.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u221210.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u221210.3%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin, Ether Volatility Stuns Bears and Bulls Alike\nBy: Shaurya Malwa\nHigher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period on Wednesday.\nLiquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).\nLarge liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.\nBitcoin and ether briefly inched above $26,000 and $1,770 respectively on Tuesday as investors brushed off the long-term effects of a regulatory clampdown on crypto-friendly banks and U.S. consumer price index (CPI) data pointed to slowing inflation in the coming months.\nBitcoin\'s weekly chart shows the cryptocurrency is again struggling to establish a foothold above $25,000, which capped gains last month and in August 2022. According to chartered market technician Aksel Kibar, a breakout above $25,000 would shift focus to the next hurdle at $28,600. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."\nBut the euphoria was short-lived as both major tokens dipped as much as 5% from Tuesday\'s highs before gradually stabilizing. In Asian morning hours on Wednesday, bitcoin traded just under $25,000 while ether traded slightly over $1,700.\nThe volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short sellers and long traders were hit almost equally.\nAmong other major tokens, futures on Conflux\'s CFX tokens and Filecoin\'s FIL had $8 million and $5 million in liquidations, respectively, as trading volumes for both surged on fundamental developments.\nMeanwhile, some market observers said the price action came as investors looked for alternative assets following last week\'s collapse of Silicon Valley Bank.\n"Bitcoin\'s rally to a new yearly high as Silicon Valley Bank falls and inflation remains stubborn shows that investors are looking to bitcoin for stability in highly uncertain market conditions," Alex Adelman, co-founder of bitcoin rewards app Lolli, told CoinDesk.\n"While many have looked to bitcoin as a hedge against inflation and tracked its price moves accordingly, bitcoin\'s relationship to traditional finance is more complex," Adelman stated, adding that bitcoin worked as an "alternative to the traditional financial system at large."\n"Weakness across the banking sector has heightened investor awareness of bitcoin\'s unique value proposition. In the coming weeks, we will continue to see increased demand for bitcoin as a superior system for holding and moving money securely," Adelman said.\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Unemployment Rate s.a.(Feb)\n12:30 p.m. H1HKT /SGT(4:30 UTC)Japan Industrial Production (YoY/Jan)\n9:15 p.m. HKT/SGT(13:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Dominance Reaches 9-Month High; Lender Says Silvergate Wasn\'t Cut Off From Loans\nThe bitcoin (BTC) dominance rate has climbed amid increasing turbulence in crypto markets, according to TradingView data. This came as the Federal Home Loan Bank of San Francisco says it didn\'t force Silvergate to repay advances, which was rumored to be the reason why crypto-focused Silvergate decided to shut down. Lyn Alden Investment Strategy founder Lyn Alden and Dunleavy Investment Research crypto strategist Tom Dunleavy joined “First Mover.”\nU.S. Federal Reserve’s Real-Time Payments System Coming in July:The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations – will have its first participants certified within weeks.\nPayments Processor Stripe Secures $6.5B in Funding at $50B Valuation:Stripe\'s valuation has fallen about 47% from its 2021 fund raise of $95 billion.\nStarknet DAO Heads Toward First Governance Vote:The vote, opening on March 21, will let members approve a new upgrade for the scaling system’s mainnet.\nChinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam:Guo Wengui is accused of engaging in multiple schemes that defrauded investors out of $1.4 billion.\nBrian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks:The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin and ether are coming off a multi-day rally, slipping into the red.\nInsights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis?\nBitcoin Dips Below $25K as Market Debates Liquidity\nCoinDesk Market Index (CMI)\n1,089\n−28.3▼2.5%\nBitcoin (BTC)\n$24,330\n−621.2▼2.5%\nEthereum (ETH)\n$1,649\n−63.7▼3.7%\nS&P 500\n3,891.93\n−27.4▼0.7%\nGold\n$1,919\n+12.6▲0.7%\nNikkei 225\n27,229.48\n+7.4▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649.\nLiquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.\nMost recently, something appears to have spooked the Federal Deposit Insurance Corp. as itreplaced $40 billionin funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.\nAsReuters recently reported, over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion.\n“The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.”\nConnors says this is a question of confidence for the Federal Reserve.\n“When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued.\nA bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty.\n“The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.”\nThe next meeting of the Fed\'s rate-setting Federal Open Market Committee is scheduled to take place March 21-22.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221213.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u221210.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u221210.3%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin, Ether Volatility Stuns Bears and Bulls Alike\nBy: Shaurya Malwa\nHigher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period on Wednesday.\nLiquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).\nLarge liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.\nBitcoin and ether briefly inched above $26,000 and $1,770 respectively on Tuesday as investors brushed off the long-term effects of a regulatory clampdown on crypto-friendly banks and U.S. consumer price index (CPI) data pointed to slowing inflation in the coming months.\nBitcoin\'s weekly chart shows the cryptocurrency is again struggling to establish a foothold above $25,000, which capped gains last month and in August 2022. According to chartered market technician Aksel Kibar, a breakout above $25,000 would shift focus to the next hurdle at $28,600. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."\nBut the euphoria was short-lived as both major tokens dipped as much as 5% from Tuesday\'s highs before gradually stabilizing. In Asian morning hours on Wednesday, bitcoin traded just under $25,000 while ether traded slightly over $1,700.\nThe volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short sellers and long traders were hit almost equally.\nAmong other major tokens, futures on Conflux\'s CFX tokens and Filecoin\'s FIL had $8 million and $5 million in liquidations, respectively, as trading volumes for both surged on fundamental developments.\nMeanwhile, some market observers said the price action came as investors looked for alternative assets following last week\'s collapse of Silicon Valley Bank.\n"Bitcoin\'s rally to a new yearly high as Silicon Valley Bank falls and inflation remains stubborn shows that investors are looking to bitcoin for stability in highly uncertain market conditions," Alex Adelman, co-founder of bitcoin rewards app Lolli, told CoinDesk.\n"While many have looked to bitcoin as a hedge against inflation and tracked its price moves accordingly, bitcoin\'s relationship to traditional finance is more complex," Adelman stated, adding that bitcoin worked as an "alternative to the traditional financial system at large."\n"Weakness across the banking sector has heightened investor awareness of bitcoin\'s unique value proposition. In the coming weeks, we will continue to see increased demand for bitcoin as a superior system for holding and moving money securely," Adelman said.\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Unemployment Rate s.a.(Feb)\n12:30 p.m. H1HKT /SGT(4:30 UTC)Japan Industrial Production (YoY/Jan)\n9:15 p.m. HKT/SGT(13:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Dominance Reaches 9-Month High; Lender Says Silvergate Wasn\'t Cut Off From Loans\nThe bitcoin (BTC) dominance rate has climbed amid increasing turbulence in crypto markets, according to TradingView data. This came as the Federal Home Loan Bank of San Francisco says it didn\'t force Silvergate to repay advances, which was rumored to be the reason why crypto-focused Silvergate decided to shut down. Lyn Alden Investment Strategy founder Lyn Alden and Dunleavy Investment Research crypto strategist Tom Dunleavy joined “First Mover.”\nU.S. Federal Reserve’s Real-Time Payments System Coming in July:The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations – will have its first participants certified within weeks.\nPayments Processor Stripe Secures $6.5B in Funding at $50B Valuation:Stripe\'s valuation has fallen about 47% from its 2021 fund raise of $95 billion.\nStarknet DAO Heads Toward First Governance Vote:The vote, opening on March 21, will let members approve a new upgrade for the scaling system’s mainnet.\nChinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam:Guo Wengui is accused of engaging in multiple schemes that defrauded investors out of $1.4 billion.\nBrian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks:The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and ether are coming off a multi-day rally, slipping into the red. Insights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis? Prices Bitcoin Dips Below $25K as Market Debates Liquidity CoinDesk Market Index (CMI) 1,089 −28.3 ▼ 2.5% Bitcoin (BTC) $24,330 −621.2 ▼ 2.5% Ethereum (ETH) $1,649 −63.7 ▼ 3.7% S&P 500 3,891.93 −27.4 ▼ 0.7% Gold $1,919 +12.6 ▲ 0.7% Nikkei 225 27,229.48 +7.4 ▲ 0.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649. Liquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank. Most recently, something appears to have spooked the Federal Deposit Insurance Corp. as it replaced $40 billion in funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB. As Reuters recently reported , over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion. “The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.” Connors says this is a question of confidence for the Federal Reserve. “When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued. Story continues A bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty. “The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.” The next meeting of the Fed\'s rate-setting Federal Open Market Committee is scheduled to take place March 21-22. Asset Ticker Returns DACS Sector Gala GALA −13.7% Entertainment Avalanche AVAX −10.6% Smart Contract Platform Loopring LRC −10.3% Smart Contract Platform Insights Bitcoin, Ether Volatility Stuns Bears and Bulls Alike By: Shaurya Malwa Higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period on Wednesday. Liquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open). Large liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly. Bitcoin and ether briefly inched above $26,000 and $1,770 respectively on Tuesday as investors brushed off the long-term effects of a regulatory clampdown on crypto-friendly banks and U.S. consumer price index (CPI) data pointed to slowing inflation in the coming months. Bitcoin\'s weekly chart shows the cryptocurrency is again struggling to establish a foothold above $25,000, which capped gains last month and in August 2022. According to chartered market technician Aksel Kibar, a breakout above $25,000 would shift focus to the next hurdle at $28,600. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day." But the euphoria was short-lived as both major tokens dipped as much as 5% from Tuesday\'s highs before gradually stabilizing. In Asian morning hours on Wednesday, bitcoin traded just under $25,000 while ether traded slightly over $1,700. The volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short sellers and long traders were hit almost equally. Among other major tokens, futures on Conflux\'s CFX tokens and Filecoin\'s FIL had $8 million and $5 million in liquidations, respectively, as trading volumes for both surged on fundamental developments. Meanwhile, some market observers said the price action came as investors looked for alternative assets following last week\'s collapse of Silicon Valley Bank. "Bitcoin\'s rally to a new yearly high as Silicon Valley Bank falls and inflation remains stubborn shows that investors are looking to bitcoin for stability in highly uncertain market conditions," Alex Adelman, co-founder of bitcoin rewards app Lolli, told CoinDesk. "While many have looked to bitcoin as a hedge against inflation and tracked its price moves accordingly, bitcoin\'s relationship to traditional finance is more complex," Adelman stated, adding that bitcoin worked as an "alternative to the traditional financial system at large." "Weakness across the banking sector has heightened investor awareness of bitcoin\'s unique value proposition. In the coming weeks, we will continue to see increased demand for bitcoin as a superior system for holding and moving money securely," Adelman said. Important events 8:30 a.m. HKT/SGT(00:30 UTC) Australia Unemployment Rate s.a.(Feb) 12:30 p.m. H1HKT /SGT(4:30 UTC) Japan Industrial Production (YoY/Jan) 9:15 p.m. HKT/SGT(13:15 UTC) European Central Bank Monetary Policy Decision Statement CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Dominance Reaches 9-Month High; Lender Says Silvergate Wasn\'t Cut Off From Loans The bitcoin (BTC) dominance rate has climbed amid increasing turbulence in crypto markets, according to TradingView data. This came as the Federal Home Loan Bank of San Francisco says it didn\'t force Silvergate to repay advances, which was rumored to be the reason why crypto-focused Silvergate decided to shut down. Lyn Alden Investment Strategy founder Lyn Alden and Dunleavy Investment Research crypto strategist Tom Dunleavy joined “First Mover.” Headlines U.S. Federal Reserve’s Real-Time Payments System Coming in July: The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations – will have its first participants certified within weeks. Payments Processor Stripe Secures $6.5B in Funding at $50B Valuation : Stripe\'s valuation has fallen about 47% from its 2021 fund raise of $95 billion. Starknet DAO Heads Toward First Governance Vote : The vote, opening on March 21, will let members approve a new upgrade for the scaling system’s mainnet. Chinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam : Guo Wengui is accused of engaging in multiple schemes that defrauded investors out of $1.4 billion. Brian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks : The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.', 'Bitcoin and Ether dropped in Thursday morning trading in Asia along with the rest of the top 10 non-stablecoin cryptocurrencies. Solana led the losers. The declines come amid concern bank failures in the U.S. in recent weeks may point to broader problems in the financial sector after months of interest rate hikes in the U.S. and Europe. Shares in Credit Suisse Group AG fell sharply on Wednesday, unnerving U.S. equity markets. Regulation challenges remain a background concern for crypto-related businesses. See related article: Circle\x92s USDC bounces back after Silicon Valley Bank bust Fast facts Bitcoin fell 1.79% in the past 24 hours to US$24,345 at 09:00 a.m. in Hong Kong, according to CoinMarketCap data , but held onto a seven-day gain of 11.99% after a strong run up earlier in the week. Ether fell 3.25% to US$1,650. It\x92s up 7.41% for the past seven days. Solana led the losers in the top 10 non-stablecoin cryptocurrencies, falling 8.71% to US$19.11. Formfunction, an NFT marketplace on the Solana blockchain, announced on Wednesday it would wind down operations by March 29, saying only that it can\x92t continue to operate. Regulation confusion and pressure are other factors in the pull back in cryptocurrency prices. U.S.-based digital asset platform Anchorage Digital said on Tuesday it would cut around 20% of its staff to restructure amid regulation uncertainty. The Binance exchange this week said it will stop handling pound sterling transactions for U.K. customers citing pressure from regulators, while the U.S. Department of Justice is trying to block the US$1 billion sale of bankrupt crypto lender Voyager to Binance. Add to this mix the collapse of crypto-friendly banks this month. The total crypto market capitalization fell 2.48% in the past 24 hours to US$1.06 trillion. Total trading volume over the last 24 hours dropped 18.36% to US$82.90 billion. U.S. equities closed mixed on Wednesday. The Dow Jones Industrial Average fell 0.87%, the S&P 500 dipped 0.70% and the Nasdaq Composite Index edged up 0.05%. The market slumped earlier in the session after Credit Suisse shares fell almost 30% following the bank\x92s Tuesday statement of \x93material weaknesses\x94 in financial reports. This prompted the Swiss National Bank to say it would provide Credit Suisse with liquidity if necessary, easing the selling pressure. On the U.S. inflation front, the February Producer Price Index released on Wednesday rose 4.6% on year, or lower than the projected 5.4%, according to Reuters . The number suggests inflation is slowing and adds to projections the Federal Reserve may pause planned interest rate hikes in coming months, especially against the backdrop of failing banks. The U.S. consumer price index (CPI) rose 6% on year in February, a deceleration from 6.4% in January, but still well above Fed\x92s goal to keep annual inflation below 2%. After eight interest rate hikes since March 2022, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007.\xa0 Analysts at the CME Group expect a 54.6% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 45.4%, more than doubling from 20.3% on Wednesday. The volatility in U.S. markets this year as traders try to position themselves ahead of moves by the Fed hasn\x92t deterred foreign investors, with net capital inflows in January climbing to a one-year high of US$183.1 billion as overseas investors snapped up long-term securities. U.S. stock futures rose on Thursday morning in Asia, pointing to some return of confidence for trading later in the day. At 09:30 a.m. in Hong Kong, Dow Jones Industrial Average futures rose 0.19%. The S&P 500 futures moved up 0.28% and the Nasdaq Composite Index edged 0.41% higher. See related article: New York regulator says Signature Bank closure \x91nothing to do\x92 with cryptocurrencies: Reuters', 'Bitcoin and Ether dropped in Thursday morning trading in Asia along with the rest of the top 10 non-stablecoin cryptocurrencies. Solana led the losers. The declines come amid concern bank failures in the U.S. in recent weeks may point to broader problems in the financial sector after months of interest rate hikes in the U.S. and Europe. Shares in Credit Suisse Group AG fell sharply on Wednesday, unnerving U.S. equity markets. Regulation challenges remain a background concern for crypto-related businesses.\nSee related article:Circle’s USDC bounces back after Silicon Valley Bank bust\n• Bitcoin fell 1.79% in the past 24 hours to US$24,345 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data, but held onto a seven-day gain of 11.99% after a strong run up earlier in the week.\n• Ether fell 3.25% to US$1,650. It’s up 7.41% for the past seven days.\n• Solana led the losers in the top 10 non-stablecoin cryptocurrencies, falling 8.71% to US$19.11. Formfunction, an NFT marketplace on the Solana blockchain,announcedon Wednesday it would wind down operations by March 29, saying only that it can’t continue to operate.\n• Regulation confusion and pressure are other factors in the pull back in cryptocurrency prices. U.S.-based digital asset platform Anchorage Digital said on Tuesday it wouldcut around 20% of its staffto restructure amid regulation uncertainty. The Binance exchange this weeksaid it will stop handling pound sterling transactionsfor U.K. customers citing pressure from regulators, while the U.S. Department of Justice is trying toblockthe US$1 billion sale of bankrupt crypto lender Voyager to Binance. Add to this mixthe collapse of crypto-friendly banksthis month.\n• The total crypto market capitalization fell 2.48% in the past 24 hours to US$1.06 trillion. Total trading volume over the last 24 hours dropped 18.36% to US$82.90 billion.\n• U.S. equities closed mixed on Wednesday. The Dow Jones Industrial Average fell 0.87%, the S&P 500 dipped 0.70% and the Nasdaq Composite Index edged up 0.05%.\n• The market slumped earlier in the session after Credit Suisse shares fell almost 30% following the bank’s Tuesdaystatementof “material weaknesses” in financial reports. This prompted the Swiss National Bankto sayit would provide Credit Suisse with liquidity if necessary, easing the selling pressure.\n• On the U.S. inflation front, theFebruary Producer Price Indexreleased on Wednesday rose 4.6% on year, or lower than the projected 5.4%, according toReuters. The number suggests inflation is slowing and adds to projections the Federal Reserve may pause planned interest rate hikes in coming months, especially against the backdrop of failing banks.\n• The U.S. consumer price index (CPI) rose6%on year in February, a deceleration from 6.4% in January, but still well aboveFed’s goalto keep annual inflation below 2%.\n• After eight interest rate hikes since March 2022, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007.\xa0 Analysts at theCME Groupexpect a 54.6% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 45.4%, more than doubling from 20.3% on Wednesday.\n• The volatility in U.S. markets this year as traders try to position themselves ahead of moves by the Fed hasn’t deterred foreign investors, withnet capital inflows in January climbing to a one-year high of US$183.1 billionas overseas investors snapped up long-term securities.\n• U.S. stock futures rose on Thursday morning in Asia, pointing to some return of confidence for trading later in the day. At 09:30 a.m. in Hong Kong, Dow Jones Industrial Average futures rose 0.19%. The S&P 500 futures moved up 0.28% and the Nasdaq Composite Index edged 0.41% higher.\nSee related article:New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters', 'Bitcoin and Ether dropped in Thursday morning trading in Asia along with the rest of the top 10 non-stablecoin cryptocurrencies. Solana led the losers. The declines come amid concern bank failures in the U.S. in recent weeks may point to broader problems in the financial sector after months of interest rate hikes in the U.S. and Europe. Shares in Credit Suisse Group AG fell sharply on Wednesday, unnerving U.S. equity markets. Regulation challenges remain a background concern for crypto-related businesses.\nSee related article:Circle’s USDC bounces back after Silicon Valley Bank bust\n• Bitcoin fell 1.79% in the past 24 hours to US$24,345 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data, but held onto a seven-day gain of 11.99% after a strong run up earlier in the week.\n• Ether fell 3.25% to US$1,650. It’s up 7.41% for the past seven days.\n• Solana led the losers in the top 10 non-stablecoin cryptocurrencies, falling 8.71% to US$19.11. Formfunction, an NFT marketplace on the Solana blockchain,announcedon Wednesday it would wind down operations by March 29, saying only that it can’t continue to operate.\n• Regulation confusion and pressure are other factors in the pull back in cryptocurrency prices. U.S.-based digital asset platform Anchorage Digital said on Tuesday it wouldcut around 20% of its staffto restructure amid regulation uncertainty. The Binance exchange this weeksaid it will stop handling pound sterling transactionsfor U.K. customers citing pressure from regulators, while the U.S. Department of Justice is trying toblockthe US$1 billion sale of bankrupt crypto lender Voyager to Binance. Add to this mixthe collapse of crypto-friendly banksthis month.\n• The total crypto market capitalization fell 2.48% in the past 24 hours to US$1.06 trillion. Total trading volume over the last 24 hours dropped 18.36% to US$82.90 billion.\n• U.S. equities closed mixed on Wednesday. The Dow Jones Industrial Average fell 0.87%, the S&P 500 dipped 0.70% and the Nasdaq Composite Index edged up 0.05%.\n• The market slumped earlier in the session after Credit Suisse shares fell almost 30% following the bank’s Tuesdaystatementof “material weaknesses” in financial reports. This prompted the Swiss National Bankto sayit would provide Credit Suisse with liquidity if necessary, easing the selling pressure.\n• On the U.S. inflation front, theFebruary Producer Price Indexreleased on Wednesday rose 4.6% on year, or lower than the projected 5.4%, according toReuters. The number suggests inflation is slowing and adds to projections the Federal Reserve may pause planned interest rate hikes in coming months, especially against the backdrop of failing banks.\n• The U.S. consumer price index (CPI) rose6%on year in February, a deceleration from 6.4% in January, but still well aboveFed’s goalto keep annual inflation below 2%.\n• After eight interest rate hikes since March 2022, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007.\xa0 Analysts at theCME Groupexpect a 54.6% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 45.4%, more than doubling from 20.3% on Wednesday.\n• The volatility in U.S. markets this year as traders try to position themselves ahead of moves by the Fed hasn’t deterred foreign investors, withnet capital inflows in January climbing to a one-year high of US$183.1 billionas overseas investors snapped up long-term securities.\n• U.S. stock futures rose on Thursday morning in Asia, pointing to some return of confidence for trading later in the day. At 09:30 a.m. in Hong Kong, Dow Jones Industrial Average futures rose 0.19%. The S&P 500 futures moved up 0.28% and the Nasdaq Composite Index edged 0.41% higher.\nSee related article:New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters', 'Credit Suisse will borrow up to £44.5bn from the Swiss National Bank to strengthen its liquidity, the lender said. The troubled banking giant said it was taking decisive action to shore up its finances after its shares nosedived 30 per cent on Wednesday. Shares in the Swiss bank plummeted after its top shareholder Saudi National Bank said it would not provide any further financial assistance. However, Swiss regulators announced that the country’s central bank would give Credit Suisse liquidity if needed, helping mitigate earlier concerns. This comes after Wall Street expert Robert Kiyosaki, famed for predicting the Lehman Brothers’ failure, pegged Credit Suisse as the next major bank most likely to collapse. The concerning outlook for the bank comes as SVB – whose Friday collapse sparked concerns of a financial crisis – is back open for business. New CEO Tim Mayopoulos urged customers to return to the bank, saying it is now opening new accounts and making new loans. He served as CEO of Fannie Mae bringing it back to profitability after the 2008 financial crisis. Six regional financial institutions remain under tight scrutiny but the response from regulators to protect depositors appears to have addressed market concerns. Key Points Dow Jones closes 280 points lower, dogged by fears for future of Credit Suisse DOJ and SEC to probe stock sales ahead of Silicon Valley Bank collapse, report says ‘Rapid deterioration’ of operating environment sees Moody’s cut US banking outlook New York State Department of Financial Services takes over Signature Bank Biden to ask Congress ‘to strengthen the rules for banks\' Bank runs now happen at speed of social media 02:50 , Oliver O\'Connell A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money. The failure of Silicon Valley Bank last week had the panic but few other similarities, instead taking place on Twitter , message boards, cell phones and bank websites. What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed. Last Wednesday afternoon, the $200 billion bank announced a plan to raise fresh capital; by Friday morning it was insolvent and under government control. Read more: Bank runs used to be slow. The digital era sped them up Why did Silicon Valley Bank collapse? 00:50 , Oliver O\'Connell The collapse of the 16th largest bank in the US sent ripples through global markets on Monday as governments and businesses scrambled to figure out what the impact would be and how it could be contained. Story continues Silicon Valley Bank collapsed on Friday after failing to raise new capital last week. On Monday, the UK government said that HSBC would take over the UK wing of the bank. But what was SVB, why did it collapse, and are other banks at risk? We examine these questions here. Why did Silicon Valley Bank collapse and are other lenders at risk? Worst one-day performance for London stockmarket since start of Covid pandemic Wednesday 15 March 2023 22:50 , Oliver O\'Connell Fears that the economy might be on the edge of another “2008-style crisis” caused shares in top European banks to plunge and dragged London’s FTSE 100 down to its lowest level this year. Troubled bank Credit Suisse saw its share price drop by as much as a quarter to a new record low, causing its shares to be temporarily suspended on the Swiss market. Investors were shaken by the collapse of Silicon Valley Bank (SVB) in the US over the weekend, sparking concerns about the viability of the “too big to fail” Credit Suisse. London stock market suffers heavy losses as banking crisis fears intensify Dow Jones closes 280 points lower, dogged by fears for future of Credit Suisse Wednesday 15 March 2023 20:50 , Oliver O\'Connell The Dow Jones Industrial Average closed 280 points (0.87%) lower on Wednesday, dogged by concerns over the future of Credit Suisse, which has a large US and international presence beyond its home base in Switzerland. The S&P ended the day down 0.7% at 3,891.97, and the Nasdaq Composite managed to creep up 0.05% at 11,434 by the close of trading. At one point the Dow was down 725 points and the S&P briefly saw all of this year’s gains erased. There was something of a rebound in the afternoon when Swiss regulators announced that the country’s central bank would give Credit Suisse liquidity if needed, helping mitigate earlier concerns when it was reported by Reuters that Saudi National Bank, the institution’s largest investor, said it couldn’t provide further funding. Credit Suisse had earlier said it had found “certain material weaknesses in our internal control over financial reporting” for the years 2021 and 2022. Fears over the future of the bank stem from the crisis that emerged in US regional banks following the collapse of Silicon Valley Bank and Signature Bank over the weekend. Credit Suisse shares sink as key investor vows no more help Wednesday 15 March 2023 20:30 , Oliver O\'Connell Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday, hitting a record low after its biggest shareholder — the Saudi National Bank — told outlets that it would not inject more money into the ailing Swiss bank. The turmoil in the Credit Suisse stock price prompted an automatic pause in trading of the bank’s shares on Switzerland’s market and brought down shares of other European banks by as much as double digits. That fanned new fears about the health of financial institutions in the wake of the collapse of Silicon Valley Bank in the United States and worries about midsized lenders. Credit Suisse stock was down more than 27% at around 1.6 Swiss francs in mid-afternoon trading on the SIX stock exchange Wednesday. That’s down more than 85% from February 2021. Credit Suisse shares sink as key investor vows no more help Bank runs now happen at speed of social media Wednesday 15 March 2023 19:50 , Oliver O\'Connell A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money. The failure of Silicon Valley Bank last week had the panic but few other similarities, instead taking place on Twitter , message boards, cell phones and bank websites. What made the failure of Silicon Valley Bank unique compared to past failures of large banks was how quickly it collapsed. Last Wednesday afternoon, the $200 billion bank announced a plan to raise fresh capital; by Friday morning it was insolvent and under government control. Read more: Bank runs used to be slow. The digital era sped them up Lawmaker’s praised for viral video explanation of Silicon Valley Bank’s collapse Wednesday 15 March 2023 19:20 , Oliver O\'Connell A congressman has been widely praised for posting a two-and-a-half-minute video to Twitter and TikTok clearly laying out the Silicon Valley Bank situation. North Carolina Democrat Jeff Jackson , originally from Chapel Hill , was elected to the US House of Representatives for the state’s 14th District in 2022. At 2am on Monday morning, he filmed a video for social media explaining how the Silicon Valley Bank crisis began, what was being done about it, and to discourage panic. North Carolina lawmaker’s video explanation of the SVB collapse earns praise online Schumer: US needs strong, bipartisan legislation on banking Wednesday 15 March 2023 19:06 , Oliver O\'Connell The United States needs “strong legislation” on banking regulation, Senate Majority Leader Chuck Schumer said on Wednesday, “hopefully” something bipartisan. Schumer made the comments in response to a question on whether he would support legislation spearheaded by Democratic Senator Elizabeth Warren, which would reinstate banking regulations and oversight rolled back under former President Donald Trump. He declined to say whether he would support the legislation, insisting that he has faith in President Joe Biden, Treasury Secretary Janet Yellen and the US Federal Reserve. Reuters Signature not targeted for crypto activities says New York senator Wednesday 15 March 2023 18:50 , Oliver O\'Connell New York Senator Kirsten Gillibrand was asked if she had any concerns about whether Signature Bank was targeted and failed by regulators unfairly for its crypto activities. She said no, adding that the bank appeared to have “had other stability issues”. Former Rep Barney Frank said on Monday that he believes the state officials behind the action were trying to make an example of Signature Bank. “This was just a way to tell people, ‘We don’t want you dealing with crypto,’” Frank told The Associated Press in a telephone interview. Mr Frank is a board member of Signature Bank and was one of the pioneers of the landmark Dodd-Frank Act, which was enacted after the 2008 financial crisis to better insulate the banking system from shocks. I asked Sen. Gillibrand just now if she had any concern on whether New York\'s Signature Bank was targeted and failed by regulators unfairly for its crypto activities. She said no, saying the Signature appeared to have "had other stability issues" — Brendan Pedersen (@BrendanPedersen) March 15, 2023 New York’s financial regulator has pushed back on former Rep Frank’s comments, saying its decision to close Signature Bank had “nothing to do with crypto,” citing what it called “a significant crisis of confidence in the bank’s leadership” that occurred over the weekend after regulators shuttered Silicon Valley Bank. But NYDFS denied his claims in a statement on Tuesday, saying that its decision to close Signature Bank on Sunday and appoint the Federal Deposit Insurance Corp as receiver “was based on the current status of the bank and its ability to do business in a safe and sound manner on Monday.” “The decisions made over the weekend had nothing to do with crypto. Signature was a traditional commercial bank with a wide range of activities and customers,” an NYDFS spokesperson said. “DFS has been facilitating well-regulated crypto activities for several years, and is a national model for regulating the space,” they said. The spokesperson added that as withdrawal requests ballooned over the weekend, Signature Bank failed to provide reliable and consistent data. Mr Frank said he was surprised the regulator said the decision to close the bank was not related to cryptocurrency. “I think that was a factor,” he said in an interview. “I’m puzzled as to why it was closed.” He added that to his knowledge, bank executives were working to provide data to regulators. “What we heard from our executives is that the deposit situation had stabilised and they would be getting the capital from the discount window and I continue to be convinced that if we had opened on Monday given the announcements of those two policies, we would have been in a reasonably good shape and certainly functional,” he said. With reporting from Reuters Worst one-day performance of London stock market since start of Covid pandemic Wednesday 15 March 2023 18:35 , Oliver O\'Connell Fears that the economy might be on the edge of another “2008-style crisis” caused shares in top European banks to plunge and dragged London’s FTSE 100 down to its lowest level this year. Troubled bank Credit Suisse saw its share price drop by as much as a quarter to a new record low, causing its shares to be temporarily suspended on the Swiss market. Investors were shaken by the collapse of Silicon Valley Bank (SVB) in the US over the weekend, sparking concerns about the viability of the “too big to fail” Credit Suisse. Anna Wise reports on today’s market activity. London stock market suffers heavy losses as banking crisis fears intensify Watch: SenatorJohn Kennedy says fed intervention at SVB was ‘bailout’ Wednesday 15 March 2023 18:10 , Oliver O\'Connell “You can put perfume on a pig, but it still smells like a pig.” “You can put perfume on a pig, but it still smells like a pig.” — Sen. John Kennedy (R-LA) argues President Biden insuring depositors at Silicon Valley Bank and Signature Bank was a “bailout” pic.twitter.com/AqETPEQhtG — The Recount (@therecount) March 15, 2023 Gallego takes aim at Sinema over 2018 bank deregulation vote Wednesday 15 March 2023 17:45 , Oliver O\'Connell Democratic Rep Ruben Gallego slammed independent Sen. Kyrsten Sinema of Arizona on Tuesday for backing a bank deregulation bill he says contributed to the collapse of Silicon Valley Bank , highlighting Sinema’s Wall Street ties as he campaigns for her seat. The contrast over the 2018 legislation feeds Gallego’s push to portray Sinema as a friend of powerful interests, a central theme of the Senate campaign he launched in January. “It’s not like we received different information. We got the same pitches as all the members of Congress,” Gallego told reporters outside Silicon Valley Bank’s offices in Tempe. “But when push came to shove, and the vote came to the floor, I voted to protect Arizona and she voted to protect Wall Street.” Gallego slams Sinema over 2018 bank deregulation vote Treasury officials reviewing US exposure to Credit Suisse, report says Wednesday 15 March 2023 17:30 , Oliver O\'Connell TREASURY officials are actively reviewing the US financial sector’s exposure to Credit Suisse, people familiar tell @SalehaMohsin @v_dendrinou , on @TheTerminal US officials are working closely with European regulators. — Kate Davidson (@KateDavidson) March 15, 2023 The US Treasury is monitoring the situation surrounding Credit Suisse and is in touch with global counterparts about it, a Treasury spokesperson said on Wednesday as the bank came under renewed market pressures after a major shareholder ruled out providing new capital. Asked about Treasury’s involvement in the Credit Suisse matter, a Treasury spokesperson said in an emailed statement: “Treasury is monitoring this situation and has been in touch with global counterparts.” Reuters Ayanna Pressley adds voice to Warren and Porter’s call for reversal of bank regulation rollback Wednesday 15 March 2023 17:15 , Oliver O\'Connell Congresswoman Ayanna Pressley has added her voice to growing calls for a reversal of 2018 Republican-led legislation that rolled back regulations put in place after the 2008 global financial crisis. Rep Pressley applauds the efforts of Senator Elizabeth Warren and Rep Katie Porter in presenting a bill to do just that. Make no mistake: the Silicon Valley Bank collapse was made possible by Republicans’ dangerous bank deregulation during the Trump era. Congress must reverse those harmful policies, & I\'m proud to join @SenWarren & @RepKatiePorter on a bill to do just that. https://t.co/54zGaqonan — Congresswoman Ayanna Pressley (@RepPressley) March 15, 2023 How the 2008 global financial crisis still fuels today’s populist politics Wednesday 15 March 2023 16:45 , Oliver O\'Connell Mike Pence and Bernie Sanders are hardly political allies. But in the aftermath of two large bank failures, the conservative former vice president and the democratic socialist senator are striking remarkably similar tones. Pence, a Republican, bemoaned that “we live in a world where certain politically favored businesses are propped up, backstopped and bailed out by government.” Sanders, an independent who caucuses with Democrats, said “we cannot continue down the road of more socialism for the rich and rugged individualism for everyone else.” Th
**Last 60 Days of Bitcoin's Closing Prices:**
[20880.80, 21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-16
**Financial & Commodity Data:**
- Gold Closing Price: $1919.00
- Crude Oil Closing Price: $68.35
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $477,707,712,925
- Hash Rate: 290105692.4456867
- Transaction Count: 295049.0
- Unique Addresses: 687640.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Good morning. Here’s what’s happening: Prices: After dipping early Thursday, bitcoin returned to the green; other major cryptos also rose. Insights: Cobo, the asset management platform, is adopting a key tenet of traditional finance – a distinct custodian and settlement network for trading. Prices CoinDesk Market Index (CMI) 1,005.53 +18.1 ▲ 1.8% Bitcoin (BTC) $21,084 +331.1 ▲ 1.6% Ethereum (ETH) $1,553 +29.3 ▲ 1.9% S&P 500 daily close 3,898.85 −30.0 ▼ 0.8% Gold $1,931 +8.4 ▲ 0.4% Treasury Yield 10 Years 3.4% ▲ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Bitcoin Returns to Its Winning Ways By James Rubin After dipping early Thursday, bitcoin surged back to its most recent foothold comfortably above $21,000. The largest cryptocurrency by market capitalization was recently trading at about $21,190, up 1.6% over the past 24 hours, as investors shrugged off the latest fallout from disgraced crypto exchange FTX and conflicting economic data. BTC continued on the more upbeat path throughout 2023. "Bitcoin is finding support ahead of the $20,000 level," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The crypto space is getting cleaned up and as long as we don’t see a major reputable exchange go under, traders may mostly shrug off news of the demise of smaller crypto companies." Ether followed a similar trajectory, falling early before landing in the green. The second-largest crypto in market value was recently changing hands above $1,550, a 1.9% gain from Wednesday, same time. Other major cryptos also pointed largely upward, with CRO, the token of exchange Crypto.com , jumping more than 4%, and ATOM, the native crypto of decentralized network Cosmos rising over 3%. The CoinDesk Market Index (CDI), an index measuring cryptos' performance, recently increased by 2%. Cryptos veered from equity markets, which continued their losing streak this week, with the tech-heavy Nasdaq dropping 1% and the S&P 500 and Dow Jones Industrial Average (DJIA) each falling the better part of a percentage point. Investors tried to reconcile the release of jobs data indicating that the hot job market had not cooled – a 15,000 weekly decrease in Americans filing for unemployment – with declines in housing starts and building permits. The former suggested the economy is not cooling enough to satisfy central bankers and bodes poorly for crypto, while the latter indicated the reverse. Story continues "Crypto markets still appear to be operating within a “good economic news equals bad news for asset prices” landscape," CoinDesk analyst Glenn Williams wrote . Meanwhile, the new head of FTX raised the previously unlikely prospect of FTX exchange reviving, according to an interview he gave to The Wall Street Journal , his first since taking over at FTX in November. CEO John J. Ray III said that despite the accusations of criminal misconduct against former CEO Sam Bankman-Fried and other executives, customers have lauded FTX's technology and said it could be worth reviving the exchange. “Everything is on the table,” Ray told the Journal. “If there is a path forward on that, then we will not only explore that, we’ll do it.” Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.6% Currency Terra LUNA +3.6% Smart Contract Platform Cosmos ATOM +3.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Decentraland MANA −0.9% Entertainment Solana SOL −0.1% Smart Contract Platform Insights Asset Management Firm Cobo Looks to CeFi for Inspiration By Shaurya Malwa Cobo, a Singapore-based crypto asset management and custodian platform, is trying to change a key feature of the crypto industry by adopting core tenets of traditional markets – the use of separate custodian, clearing and settlement services for trading. The separation is a longstanding model in the traditional financial industry. These functions, typically handled by different independent entities, help increase transparency and reduce the risk of fraud and misconduct. This in turn helps to build trust among market participants and contributes to the overall integrity and stability of the financial system. In the crypto world, however, these functions are combined under one roof by centralized exchanges (CEX). Unlike traditional stock exchanges, crypto CEXs do more than just match buyers and sellers. They custody and control client funds, act as a counterparty to trades and also provide lending/borrowing services, all with little regulatory oversight. Instead of being a neutral party to transactions, this multifaceted role of CEXs raises major conflict-of-interest issues. FTX’s dramatic demise offered powerful evidence that CEXs should not dominate all these functions and hold that much power over other market participants. Investors turn to custodians With all the uncertainties in CEXs, investors turn to custodians. In November 2019 , Cobo was the first custodian to introduce the Loop network – an off-chain settlement network that allows all parties in the Loop to transfer and settle instantly, without fees. Cobo has now upgraded the Loop network, and this week, launched Superloop, an off-exchange custodian and settlement network that allows traders to trade directly on supported exchanges, with credit secured by collateral held under Cobo’s custody, locked only before the trade. “In this time of uncertainty, it is extremely important for custodians and exchanges to provide a sense of security and trust towards traders,” Jiang Changhao, chief technology officer and co-founder of Cobo, told CoinDesk. “SuperLoop provides this trust by ensuring that traders have full control over their assets while trading among exchanges,” he added. Investors and organizations can make use of Multi-Party Computation (MPC) custody systems to co-manage their funds with an independent custody platform, and at the same time, trade these funds on crypto exchanges that are integrated with clearing and settlement networks hosted by that custody platform. Cobo’s SuperLoop minimizes counterparty risk by removing the need to pre-fund on exchanges before trading and maximizes capital efficiency by enabling funds to be deployed without the delays and risks of on-chain transfers, providing users with full control over their assets. Important events World Economic Forum 12:30 p.m. HKT/SGT(4:30 UTC) Canada Retail Sales (MoM/Nov) 5:00 p.m. HKT/SGT(9:00 UTC) Fed's Waller speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance Named as Counterparty in FinCEN Order Against Bitzlato; Circle CEO on the Future of Money "First Mover" was live in Davos, Switzerland, at the World Economic Forum with the latest news moving crypto markets, including Binance being named as a counterparty in an order against the little-known cryptocurrency exchange, Bitzlato, accused of laundering $700 million by U.S. authorities on Wednesday. Plus, Ukraine Ministry of Digital Transformation's Yulia Parkhomenko and KUNA exchange founder Michael Chobanian discussed the state of crypto donations to Ukraine to aid its defense in the war against Russia. And, Circle CEO Jeremy Allaire shared his thoughts on the future of stablecoin regulation. Headlines Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows: The data suggests traders may be finding Gemini to be less desirable than other exchanges. New FTX Head Says Crypto Exchange Could Be Revived, Wall Street Journal: John J. Ray III made the comment in his first interview since taking over FTX in November. China Launches Smart Contract Functionality on Digital Yuan Through E-Commerce App Meituan: Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan. Alameda Research-Connected Bank Exits Crypto Business: Farmington State Bank, a small community bank in the state of Washington, is also changing its name. Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’: Jeremy Allaire believes Congress will concentrate on stablecoin regulation because of its straightforward nature and significant growth potential....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Bloomberg) -- Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city’s push to establish a global hub for the digital-asset industry.\nMost Read from Bloomberg\n• Finally, a Serious Offer to Take Putin Off Russia’s Hands\n• Ackman Warns of Accelerated Deposit Outflows After Fed Decision\n• Bomb Threat Called In to New York Court Where Trump Hearing Held\n• A New Chapter of Capitalism Emerges From the Banking Crisis\n• Stocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets Wrap\nHong Kong’s pro-crypto policy pivot and emergence from Covid-related curbs contributed to the Paris-based company’s decision, Chief Executive Officer Ambre Soubiran said in an interview on Thursday. Kaiko feeds data to the likes of Deutsche Boerse and ICE Global Network.\n“With all of the recent changes and initiatives from the Hong Kong regulatory bodies, we realized that this is clearly where we have to be, where the capital is going to flow in, and where we are seeing a lot of attractiveness when it comes to hedge funds, investors and asset managers,” Soubiran said.\nHong Kong is trying to develop crypto rules that will encourage growth and protect investors, seeking to learn lessons from bankruptcies like the FTX exchange while positioning for a rebound from a $2 trillion market rout.\nThe city plans to let retail investors trade larger tokens like Bitcoin and Ether later this year. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nThe developments in Hong Kong contrast with a swingeing crackdown on crypto in the US, where digital-asset firms are also increasingly cut off from the traditional banking sector after a trio of lenders collapsed. Singapore, meanwhile, has proposed tighter rules in the wake of the FTX wipeout.\nHong Kong’s “regulatory landscape is changing positively,” said Soubiran. She added that she wants to “make sure we can support that institutionalization and that kind of growth and establishment of the asset class in Hong Kong.”\nChallenges\nA major challenge for Hong Kong is that the virtual-asset industry remains in a deep downturn after a bubble in token prices deflated last year and investors fled. Exchanges Coinbase Global Inc., Crypto.com and Huobi are among a slew of firms that have slashed thousands of jobs in the past few months.\nOther companies are in a holding pattern as they await a crypto recovery and the final version of Hong Kong’s revamped digital-asset rules before deciding whether to commit scarce investment funds.\nKaiko said Head of Asia-Pacific Sean Lawrence will relocate from Singapore by the end of March. Figuratively “something like nine out of 10 people” in crypto are discussing about returning to Hong Kong in some way, Lawrence said in an interview.\nA new Hong Kong licensing regime for crypto exchanges is due on June 1. The pivot toward fostering the digital-asset sector is part of a wider effort to restore Hong Kong’s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain.\nFor crypto market prices: CRYP; for top crypto news: TOP CRYPTO.\nMost Read from Bloomberg Businessweek\n• What Happens When Sexting Chatbots Dump Their Human Lovers\n• Iranian Activists Want Tech Companies to Ban the Ayatollah\n• ChatGPT Advances Are Moving So Fast Regulators Can’t Keep Up\n• A Visual Guide to How America Uses Freight Trains\n• Trump’s Tariffs Couldn’t Save the California Olive Industry\n©2023 Bloomberg L.P.', '(Bloomberg) -- Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city\x92s push to establish a global hub for the digital-asset industry. Most Read from Bloomberg Finally, a Serious Offer to Take Putin Off Russia\x92s Hands Ackman Warns of Accelerated Deposit Outflows After Fed Decision Bomb Threat Called In to New York Court Where Trump Hearing Held A New Chapter of Capitalism Emerges From the Banking Crisis Stocks Roiled by Fed Day\x92s Nerve-Wracking Rhetoric: Markets Wrap Hong Kong\x92s pro-crypto policy pivot and emergence from Covid-related curbs contributed to the Paris-based company\x92s decision, Chief Executive Officer Ambre Soubiran said in an interview on Thursday. Kaiko feeds data to the likes of Deutsche Boerse and ICE Global Network. \x93With all of the recent changes and initiatives from the Hong Kong regulatory bodies, we realized that this is clearly where we have to be, where the capital is going to flow in, and where we are seeing a lot of attractiveness when it comes to hedge funds, investors and asset managers,\x94 Soubiran said. Hong Kong is trying to develop crypto rules that will encourage growth and protect investors, seeking to learn lessons from bankruptcies like the FTX exchange while positioning for a rebound from a $2 trillion market rout. The city plans to let retail investors trade larger tokens like Bitcoin and Ether later this year. A mandatory licensing regime for stablecoins \x97 a type of crypto token that\x92s meant to hold a constant value \x97 is due by 2023-2024. The developments in Hong Kong contrast with a swingeing crackdown on crypto in the US, where digital-asset firms are also increasingly cut off from the traditional banking sector after a trio of lenders collapsed. Singapore, meanwhile, has proposed tighter rules in the wake of the FTX wipeout. Hong Kong\x92s \x93regulatory landscape is changing positively,\x94 said Soubiran. She added that she wants to \x93make sure we can support that institutionalization and that kind of growth and establishment of the asset class in Hong Kong.\x94 Story continues Challenges A major challenge for Hong Kong is that the virtual-asset industry remains in a deep downturn after a bubble in token prices deflated last year and investors fled. Exchanges Coinbase Global Inc., Crypto.com and Huobi are among a slew of firms that have slashed thousands of jobs in the past few months. Other companies are in a holding pattern as they await a crypto recovery and the final version of Hong Kong\x92s revamped digital-asset rules before deciding whether to commit scarce investment funds. Kaiko said Head of Asia-Pacific Sean Lawrence will relocate from Singapore by the end of March. Figuratively \x93something like nine out of 10 people\x94 in crypto are discussing about returning to Hong Kong in some way, Lawrence said in an interview. A new Hong Kong licensing regime for crypto exchanges is due on June 1. The pivot toward fostering the digital-asset sector is part of a wider effort to restore Hong Kong\x92s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain. For crypto market prices: CRYP; for top crypto news: TOP CRYPTO. Most Read from Bloomberg Businessweek What Happens When Sexting Chatbots Dump Their Human Lovers Iranian Activists Want Tech Companies to Ban the Ayatollah ChatGPT Advances Are Moving So Fast Regulators Can\x92t Keep Up A Visual Guide to How America Uses Freight Trains Trump\x92s Tariffs Couldn\x92t Save the California Olive Industry ©2023 Bloomberg L.P.', 'By Chris Prentice and Elizabeth Howcroft\nNEW YORK/LONDON (Reuters) - Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020.\nU.S. Treasury yields extended their slide, and oil prices dove to 15-month lows.\nData showed March U.S. consumer sentiment fell for the first time in four months.\nIn a crisis that began with the collapse of U.S.-based Silicon Valley Bank last Friday, investors lost confidence in U.S. regional banks and Credit Suisse in Europe.\nRisk appetite waned on Friday after showing signs of recovery on Thursday. Credit Suisse\'s chief executive said on Friday the bank was working hard to stem customer outflows, although this could take time. Credit Suisse shares resumed their decline.\nAnalysts say the worry about a possible banking crisis is far from over despite a group of major banks injecting $30 billion in deposits into First Republic Bank, a mid-sized U.S. lender, on Thursday.\nThe MSCI world equity index, which tracks shares in 49 nations, fell 0.55%.\nEuropean shares erased early gains and had their steepest weekly drop in five months, with the pan-European STOXX 600 finishing down 1.3% lower. It was under pressure from bank, insurance and financial services stocks.\nEuropean Central Bank (ECB) supervisors do not expect contagion for euro zone banks from the market turmoil, a source familiar with the content of an ad hoc supervisory board meeting this week told Reuters.\nThe Dow Jones Industrial Average .DJI fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 .SPX lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite .IXIC dropped 86.76 points, or 0.74%, to 11,630.51.\nOver the last two weeks, the S&P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020.\nThe yield on benchmark 10-year Treasury notes fell to 3.423% versus 3.583% previously. The two-year yield, which rises with traders\' expectations of higher Fed fund rates, fell to 3.8354% from a previous close of 4.13%.\nGermany\'s 10-year government bond yield dropped to 2.069%, its lowest since the start of February, late in the session.\nThe ECB raised rates 50 basis points on Thursday, sticking to its pledge to fight inflation even as some investors called for a pause in the rate-hiking cycle until the banking turmoil eases.\nMarkets are pricing in a 25 bps increase by the U.S. Federal Reserve when it meets next week, down from previous expectations for a 50 bps increase.\nFed data on Thursday showed banks sought record amounts of emergency liquidity in recent days, which helped undo months of central bank effort to shrink the size of its balance sheet.\n"The fact that the Fed has been very proactive in terms of opening the liquidity tap is potentially useful and that\'s stabilised things in the short term at least," said Guillaume Paillat, multi-asset portfolio manager at Aviva Investors.\n"It\'s potentially a more stable environment, because it feels like we\'ve passed the crisis point and things should normalise a bit."\nThe University of Michigan\'s preliminary March reading on the overall index of consumer sentiment came in at 63.4, down from 67 in the prior month. Economists polled by Reuters had forecast a preliminary reading of 67.0. But households expected inflation to subside over the next 12 months and beyond.\n"As the economy slows and inflation remains a headwind, consumers are showing signs of retreating under the pressure. Inflation expectations are falling, giving the Fed some flexibility in the future path of rate hikes," said Jeffrey Roach, Chief Economist for LPL Financial in Charlotte, North Carolina.\nManufacturing continued to struggle under the weight of higher borrowing costs.\nSpot gold prices rose 3.01% to $1,976.84 an ounce after touching their highest since April. U.S. gold futures gained 2.6% to settle at $1,973.50.\nBitcoin also rallied on safe-haven buying, hitting a nine-month high.\nThe euro was up 0.5% on the day at $1.066, having gained 0.79% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was down at 103.9.\nThe risk-off sentiment also hit oil prices. At their session low, both benchmarks were down more than $3. Brent crude, the global benchmark, fell nearly by 12% in the week, its biggest weekly fall since December. U.S. futures fell 13% since Friday\'s close, its biggest since last April.\n[O/R]\n(Reporting by Chris Prentice and Elizabeth Howcroft; editing by Christina Fincher, Richard Chang and Josie Kao)', 'By Chris Prentice and Elizabeth Howcroft NEW YORK/LONDON (Reuters) - Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020. U.S. Treasury yields extended their slide, and oil prices dove to 15-month lows. Data showed March U.S. consumer sentiment fell for the first time in four months. In a crisis that began with the collapse of U.S.-based Silicon Valley Bank last Friday, investors lost confidence in U.S. regional banks and Credit Suisse in Europe. Risk appetite waned on Friday after showing signs of recovery on Thursday. Credit Suisse\'s chief executive said on Friday the bank was working hard to stem customer outflows, although this could take time. Credit Suisse shares resumed their decline. Analysts say the worry about a possible banking crisis is far from over despite a group of major banks injecting $30 billion in deposits into First Republic Bank, a mid-sized U.S. lender, on Thursday. The MSCI world equity index, which tracks shares in 49 nations, fell 0.55%. European shares erased early gains and had their steepest weekly drop in five months, with the pan-European STOXX 600 finishing down 1.3% lower. It was under pressure from bank, insurance and financial services stocks. European Central Bank (ECB) supervisors do not expect contagion for euro zone banks from the market turmoil, a source familiar with the content of an ad hoc supervisory board meeting this week told Reuters. The Dow Jones Industrial Average .DJI fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 .SPX lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite .IXIC dropped 86.76 points, or 0.74%, to 11,630.51. Over the last two weeks, the S&P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020. The yield on benchmark 10-year Treasury notes fell to 3.423% versus 3.583% previously. The two-year yield, which rises with traders\' expectations of higher Fed fund rates, fell to 3.8354% from a previous close of 4.13%. Story continues Germany\'s 10-year government bond yield dropped to 2.069%, its lowest since the start of February, late in the session. The ECB raised rates 50 basis points on Thursday, sticking to its pledge to fight inflation even as some investors called for a pause in the rate-hiking cycle until the banking turmoil eases. Markets are pricing in a 25 bps increase by the U.S. Federal Reserve when it meets next week, down from previous expectations for a 50 bps increase. Fed data on Thursday showed banks sought record amounts of emergency liquidity in recent days, which helped undo months of central bank effort to shrink the size of its balance sheet. "The fact that the Fed has been very proactive in terms of opening the liquidity tap is potentially useful and that\'s stabilised things in the short term at least," said Guillaume Paillat, multi-asset portfolio manager at Aviva Investors. "It\'s potentially a more stable environment, because it feels like we\'ve passed the crisis point and things should normalise a bit." The University of Michigan\'s preliminary March reading on the overall index of consumer sentiment came in at 63.4, down from 67 in the prior month. Economists polled by Reuters had forecast a preliminary reading of 67.0. But households expected inflation to subside over the next 12 months and beyond. "As the economy slows and inflation remains a headwind, consumers are showing signs of retreating under the pressure. Inflation expectations are falling, giving the Fed some flexibility in the future path of rate hikes," said Jeffrey Roach, Chief Economist for LPL Financial in Charlotte, North Carolina. Manufacturing continued to struggle under the weight of higher borrowing costs. Spot gold prices rose 3.01% to $1,976.84 an ounce after touching their highest since April. U.S. gold futures gained 2.6% to settle at $1,973.50. Bitcoin also rallied on safe-haven buying, hitting a nine-month high. The euro was up 0.5% on the day at $1.066, having gained 0.79% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was down at 103.9. The risk-off sentiment also hit oil prices. At their session low, both benchmarks were down more than $3. Brent crude, the global benchmark, fell nearly by 12% in the week, its biggest weekly fall since December. U.S. futures fell 13% since Friday\'s close, its biggest since last April. [O/R] (Reporting by Chris Prentice and Elizabeth Howcroft; editing by Christina Fincher, Richard Chang and Josie Kao)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is pushing past $25K and its correlation with stocks is decreasing.\nInsights:Plagiarism, fork or simple mistake? The Shiba Inu community is debating the origin story of the Shibarium blockchain.\n<\nCoinDesk Market Index (CMI)\n1,109\n+18.8▲1.7%\nBitcoin (BTC)\n$24,980\n+629.8▲2.6%\nEthereum (ETH)\n$1,669\n+15.4▲0.9%\nS&P 500\n3,960.28\n+68.4▲1.8%\nGold\n$1,924\n−2.9▼0.2%\nNikkei 225\n27,010.61\n−218.9▼0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nHigh Buying Pressure Pushes Bitcoin Past $25K\nMost major digital assets are in the green as Asia starts its business day.\nBitcoin is up 5.3% in the last 24 hours to $25,703, while ether is up about 2.8% to $1,697. Binance’s BNB token is up 8.7% to $331.\nKaiko Director of Research Clara Medalie said on a recent CoinDesk TV appearance that this mini-crypto rally is because of low liquidity in the market and high buying pressure.Binance converting$1 billion of BUSD to bitcoin, ether, BNB and other tokens was the fuel for the fire.\n“This is a huge amount of buy pressure on the markets,” she said. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.”\nMedalie also said Europe and Asia have a chance to be a magnet for liquidityorphaned by the collapse of Silvergate and Signaturebanks.\n“There are quite a few crypto companies actually based in Europe or APAC [Asia-Pacific] that have maintained their banking relationships, so it actually presents a pretty big opportunity for these regions to accept crypto businesses,” she said.\nTaiwan’s Maicoin, for instance,maintains a relationship with a large bank in Taiwanto act as its fiat pipeline.\nMedalie added that the correlation between stocks and crypto is breaking, pointing to the divergence between crypto and equity markets at the start of the year and during this most recent rally.\n“It flipped this week. We see crypto markets rallying, while equity markets have completely collapsed,” she said. “The divergence in these markets have flipped, and that’s being maintained, which is creating this decreasing correlation for both Nasdaq’s tech stocks and Europe’s 600 index.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+4.6%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+3.5%", "DACS Sector": "Currency"}]\nThere are no losers in CoinDesk 20 today.\nShiba Inu Community Debates the Origin Story of Shibarium\nWhat’s in a number?\nFor the community around the SHIB token and Shibarium blockchain, it’s the difference between code that has been plagarized and open-source code that’s been recycled.\nThe drama began Thursday Asia time where anestablished member of its Discordpointed to the Shibarium chain using the same Chain ID number, 917, as the Rinia Testnet chain.\nWhile Discord members were quick to generate their own explanations for the similarity, with some panic-selling the token, pushing it down 10%, the explanation from developers behind the Shibarium chain is something far more benign.\n“Few chain IDs were picked randomly - 417(Alpha), 517(Staging), 917(pre-pod/beta) and these chains were not registered anywhere at that time, I made a mistake to not recheck when the puppynet network was launched,”tweeted Kaaldhairya, one of the pseudonymous developers.\nKaaldhairya tweeted that they were going to be “redeploying a new version of BETA network with a new chain ID.”\n“Fresh deployments will be rare in the future but are possible because we will still be in BETA phase,” he continued.\nOthers pointed to similarities in code found on Github, a code repository.\nCoders often re-use each others’ work for mundane and benign tasks. Thesepre-written blocksare known are libraries, and are available as open-source code. That is, code that’s intended to be copied and reused.\nAndrew Angrisani, a member of the project’s Telegram community as well as its Discord, and a crypto security engineer, explained the code similarities to both Rinia and Shibarium using the same open-source code.\n“Both Rinia TestNet and Shibarium copied open-source code for their block explorers called Blockscout and likely both were lazy in their implementation,” he said.\nAnother high-ranking community member, JesusM, called this all a “minor mistake made on beta.” JesusM said that this is the point of the beta process.\n“Mistakes in it get tested and then fixed,” they said.\nAngrisani speculated that part of this could be a ploy to drum up free marketing for Rinia and an upcoming project.\n“The Rinia Testnet chain Dev is launching an [initial coin offering] for Firechain called a Shib Killer on March 31. They could be using this mud in the water to drum up free marketing since the ChainIDs were the same,” he said. “It may be an artifact of copying source code from an open-source project.”\nThis is also not the first time accusations have flown around. In February, questions on the Discord were being raised about similarities between Shibarium and Rinia.\n“At the end of the day, Shibarium is likely still far off, Open Source code is being used (which is okay – other projects do it), Unification Fund is still working on Shibarium, and the Firechain/Rinia dev is using this to market their upcoming ICO,” Angrisani concluded.\nWhile the SHIB token has regained some of its losses since the initial selloff, it’s still down 8% on the day.\n2023 South by Southwest (Austin, Texas)\n6:00 p.m. HKT/SGT(10:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Feb)\n10 p.m. HKT/SGT(14:00 UTC)Michigan Consumer Sentiment Index (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Dips Below $25K; Prospective Signature Bank Buyers Reportedly Must Agree to Give Up All Crypto Business\nBitcoin funds were bleeding coins even as U.S. bank failures fuel expectations of an early Federal Reserve pivot in favor of liquidity easing. Kaiko Director of Research Clara Medalie shared her crypto markets analysis. Plus, Signature Bank is on the market after being shuttered by state regulators on Sunday, but any potential buyer reportedly has to agree to a major caveat: no crypto. (The Federal Deposit Insurance Corp. on Friday denied the report.) Jason Brett, Key Bridge Advisors managing director and a former regulator at the FDIC, shared his reaction. Besu Protocol Engineer Justin Florentine also joined the conversation.\nArbitrum to Airdrop New Token and Transition to DAO:The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network.\nU.S. Banking Crisis Could Strengthen Crypto Long Term, Experts Say:Some digital-asset firms may move to countries that are more receptive to new financial technology, one observer said.\nBitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows:The wealth management industry globally is very light in both bitcoin and gold, one observer said.\nPlagiarism, Fork or Simple Mistake? Shiba Inu Community Debates the Origin Story of Shibarium:SHIB is down 8% and millions have been unstaked over allegations that the Shibarium code was stolen.\nGoogle Searches for Arbitrum Soar Amid Airdrop Announcement:The Arbitrum token will be airdropped to users next Thursday.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is pushing past $25K and its correlation with stocks is decreasing.\nInsights:Plagiarism, fork or simple mistake? The Shiba Inu community is debating the origin story of the Shibarium blockchain.\n<\nCoinDesk Market Index (CMI)\n1,109\n+18.8▲1.7%\nBitcoin (BTC)\n$24,980\n+629.8▲2.6%\nEthereum (ETH)\n$1,669\n+15.4▲0.9%\nS&P 500\n3,960.28\n+68.4▲1.8%\nGold\n$1,924\n−2.9▼0.2%\nNikkei 225\n27,010.61\n−218.9▼0.8%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nHigh Buying Pressure Pushes Bitcoin Past $25K\nMost major digital assets are in the green as Asia starts its business day.\nBitcoin is up 5.3% in the last 24 hours to $25,703, while ether is up about 2.8% to $1,697. Binance’s BNB token is up 8.7% to $331.\nKaiko Director of Research Clara Medalie said on a recent CoinDesk TV appearance that this mini-crypto rally is because of low liquidity in the market and high buying pressure.Binance converting$1 billion of BUSD to bitcoin, ether, BNB and other tokens was the fuel for the fire.\n“This is a huge amount of buy pressure on the markets,” she said. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.”\nMedalie also said Europe and Asia have a chance to be a magnet for liquidityorphaned by the collapse of Silvergate and Signaturebanks.\n“There are quite a few crypto companies actually based in Europe or APAC [Asia-Pacific] that have maintained their banking relationships, so it actually presents a pretty big opportunity for these regions to accept crypto businesses,” she said.\nTaiwan’s Maicoin, for instance,maintains a relationship with a large bank in Taiwanto act as its fiat pipeline.\nMedalie added that the correlation between stocks and crypto is breaking, pointing to the divergence between crypto and equity markets at the start of the year and during this most recent rally.\n“It flipped this week. We see crypto markets rallying, while equity markets have completely collapsed,” she said. “The divergence in these markets have flipped, and that’s being maintained, which is creating this decreasing correlation for both Nasdaq’s tech stocks and Europe’s 600 index.”\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+4.6%", "DACS Sector": "Entertainment"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+3.5%", "DACS Sector": "Currency"}]\nThere are no losers in CoinDesk 20 today.\nShiba Inu Community Debates the Origin Story of Shibarium\nWhat’s in a number?\nFor the community around the SHIB token and Shibarium blockchain, it’s the difference between code that has been plagarized and open-source code that’s been recycled.\nThe drama began Thursday Asia time where anestablished member of its Discordpointed to the Shibarium chain using the same Chain ID number, 917, as the Rinia Testnet chain.\nWhile Discord members were quick to generate their own explanations for the similarity, with some panic-selling the token, pushing it down 10%, the explanation from developers behind the Shibarium chain is something far more benign.\n“Few chain IDs were picked randomly - 417(Alpha), 517(Staging), 917(pre-pod/beta) and these chains were not registered anywhere at that time, I made a mistake to not recheck when the puppynet network was launched,”tweeted Kaaldhairya, one of the pseudonymous developers.\nKaaldhairya tweeted that they were going to be “redeploying a new version of BETA network with a new chain ID.”\n“Fresh deployments will be rare in the future but are possible because we will still be in BETA phase,” he continued.\nOthers pointed to similarities in code found on Github, a code repository.\nCoders often re-use each others’ work for mundane and benign tasks. Thesepre-written blocksare known are libraries, and are available as open-source code. That is, code that’s intended to be copied and reused.\nAndrew Angrisani, a member of the project’s Telegram community as well as its Discord, and a crypto security engineer, explained the code similarities to both Rinia and Shibarium using the same open-source code.\n“Both Rinia TestNet and Shibarium copied open-source code for their block explorers called Blockscout and likely both were lazy in their implementation,” he said.\nAnother high-ranking community member, JesusM, called this all a “minor mistake made on beta.” JesusM said that this is the point of the beta process.\n“Mistakes in it get tested and then fixed,” they said.\nAngrisani speculated that part of this could be a ploy to drum up free marketing for Rinia and an upcoming project.\n“The Rinia Testnet chain Dev is launching an [initial coin offering] for Firechain called a Shib Killer on March 31. They could be using this mud in the water to drum up free marketing since the ChainIDs were the same,” he said. “It may be an artifact of copying source code from an open-source project.”\nThis is also not the first time accusations have flown around. In February, questions on the Discord were being raised about similarities between Shibarium and Rinia.\n“At the end of the day, Shibarium is likely still far off, Open Source code is being used (which is okay – other projects do it), Unification Fund is still working on Shibarium, and the Firechain/Rinia dev is using this to market their upcoming ICO,” Angrisani concluded.\nWhile the SHIB token has regained some of its losses since the initial selloff, it’s still down 8% on the day.\n2023 South by Southwest (Austin, Texas)\n6:00 p.m. HKT/SGT(10:00 UTC)Eurozone Core Harmonized Index of Consumer Prices (YoY/Feb)\n10 p.m. HKT/SGT(14:00 UTC)Michigan Consumer Sentiment Index (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Dips Below $25K; Prospective Signature Bank Buyers Reportedly Must Agree to Give Up All Crypto Business\nBitcoin funds were bleeding coins even as U.S. bank failures fuel expectations of an early Federal Reserve pivot in favor of liquidity easing. Kaiko Director of Research Clara Medalie shared her crypto markets analysis. Plus, Signature Bank is on the market after being shuttered by state regulators on Sunday, but any potential buyer reportedly has to agree to a major caveat: no crypto. (The Federal Deposit Insurance Corp. on Friday denied the report.) Jason Brett, Key Bridge Advisors managing director and a former regulator at the FDIC, shared his reaction. Besu Protocol Engineer Justin Florentine also joined the conversation.\nArbitrum to Airdrop New Token and Transition to DAO:The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network.\nU.S. Banking Crisis Could Strengthen Crypto Long Term, Experts Say:Some digital-asset firms may move to countries that are more receptive to new financial technology, one observer said.\nBitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows:The wealth management industry globally is very light in both bitcoin and gold, one observer said.\nPlagiarism, Fork or Simple Mistake? Shiba Inu Community Debates the Origin Story of Shibarium:SHIB is down 8% and millions have been unstaked over allegations that the Shibarium code was stolen.\nGoogle Searches for Arbitrum Soar Amid Airdrop Announcement:The Arbitrum token will be airdropped to users next Thursday.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is pushing past $25K and its correlation with stocks is decreasing. Insights: Plagiarism, fork or simple mistake? The Shiba Inu community is debating the origin story of the Shibarium blockchain. Prices < CoinDesk Market Index (CMI) 1,109 +18.8 ▲ 1.7% Bitcoin (BTC) $24,980 +629.8 ▲ 2.6% Ethereum (ETH) $1,669 +15.4 ▲ 0.9% S&P 500 3,960.28 +68.4 ▲ 1.8% Gold $1,924 −2.9 ▼ 0.2% Nikkei 225 27,010.61 −218.9 ▼ 0.8% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) High Buying Pressure Pushes Bitcoin Past $25K Most major digital assets are in the green as Asia starts its business day. Bitcoin is up 5.3% in the last 24 hours to $25,703, while ether is up about 2.8% to $1,697. Binance’s BNB token is up 8.7% to $331. Kaiko Director of Research Clara Medalie said on a recent CoinDesk TV appearance that this mini-crypto rally is because of low liquidity in the market and high buying pressure. Binance converting $1 billion of BUSD to bitcoin, ether, BNB and other tokens was the fuel for the fire. “This is a huge amount of buy pressure on the markets,” she said. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.” Medalie also said Europe and Asia have a chance to be a magnet for liquidity orphaned by the collapse of Silvergate and Signature banks. “There are quite a few crypto companies actually based in Europe or APAC [Asia-Pacific] that have maintained their banking relationships, so it actually presents a pretty big opportunity for these regions to accept crypto businesses,” she said. Taiwan’s Maicoin, for instance, maintains a relationship with a large bank in Taiwan to act as its fiat pipeline. Medalie added that the correlation between stocks and crypto is breaking, pointing to the divergence between crypto and equity markets at the start of the year and during this most recent rally. Story continues “It flipped this week. We see crypto markets rallying, while equity markets have completely collapsed,” she said. “The divergence in these markets have flipped, and that’s being maintained, which is creating this decreasing correlation for both Nasdaq’s tech stocks and Europe’s 600 index.” Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +4.6% Entertainment Polkadot DOT +3.7% Smart Contract Platform Dogecoin DOGE +3.5% Currency Biggest Losers There are no losers in CoinDesk 20 today. Insights Shiba Inu Community Debates the Origin Story of Shibarium What’s in a number? For the community around the SHIB token and Shibarium blockchain, it’s the difference between code that has been plagarized and open-source code that’s been recycled. The drama began Thursday Asia time where an established member of its Discord pointed to the Shibarium chain using the same Chain ID number, 917, as the Rinia Testnet chain. While Discord members were quick to generate their own explanations for the similarity, with some panic-selling the token, pushing it down 10%, the explanation from developers behind the Shibarium chain is something far more benign. “Few chain IDs were picked randomly - 417(Alpha), 517(Staging), 917(pre-pod/beta) and these chains were not registered anywhere at that time, I made a mistake to not recheck when the puppynet network was launched,” tweeted Kaaldhairya , one of the pseudonymous developers. Kaaldhairya tweeted that they were going to be “redeploying a new version of BETA network with a new chain ID.” “Fresh deployments will be rare in the future but are possible because we will still be in BETA phase,” he continued. Others pointed to similarities in code found on Github, a code repository. Coders often re-use each others’ work for mundane and benign tasks. These pre-written blocks are known are libraries, and are available as open-source code. That is, code that’s intended to be copied and reused. Andrew Angrisani, a member of the project’s Telegram community as well as its Discord, and a crypto security engineer, explained the code similarities to both Rinia and Shibarium using the same open-source code. “Both Rinia TestNet and Shibarium copied open-source code for their block explorers called Blockscout and likely both were lazy in their implementation,” he said. Another high-ranking community member, JesusM, called this all a “minor mistake made on beta.” JesusM said that this is the point of the beta process. “Mistakes in it get tested and then fixed,” they said. Angrisani speculated that part of this could be a ploy to drum up free marketing for Rinia and an upcoming project. “The Rinia Testnet chain Dev is launching an [initial coin offering] for Firechain called a Shib Killer on March 31. They could be using this mud in the water to drum up free marketing since the ChainIDs were the same,” he said. “It may be an artifact of copying source code from an open-source project.” This is also not the first time accusations have flown around. In February, questions on the Discord were being raised about similarities between Shibarium and Rinia. “At the end of the day, Shibarium is likely still far off, Open Source code is being used (which is okay – other projects do it), Unification Fund is still working on Shibarium, and the Firechain/Rinia dev is using this to market their upcoming ICO,” Angrisani concluded. While the SHIB token has regained some of its losses since the initial selloff, it’s still down 8% on the day. Important events 2023 South by Southwest (Austin, Texas) 6:00 p.m. HKT/SGT(10:00 UTC) Eurozone Core Harmonized Index of Consumer Prices (YoY/Feb) 10 p.m. HKT/SGT(14:00 UTC) Michigan Consumer Sentiment Index (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Dips Below $25K; Prospective Signature Bank Buyers Reportedly Must Agree to Give Up All Crypto Business Bitcoin funds were bleeding coins even as U.S. bank failures fuel expectations of an early Federal Reserve pivot in favor of liquidity easing. Kaiko Director of Research Clara Medalie shared her crypto markets analysis. Plus, Signature Bank is on the market after being shuttered by state regulators on Sunday, but any potential buyer reportedly has to agree to a major caveat: no crypto. (The Federal Deposit Insurance Corp. on Friday denied the report.) Jason Brett, Key Bridge Advisors managing director and a former regulator at the FDIC, shared his reaction. Besu Protocol Engineer Justin Florentine also joined the conversation. Headlines Arbitrum to Airdrop New Token and Transition to DAO : The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network. U.S. Banking Crisis Could Strengthen Crypto Long Term, Experts Say : Some digital-asset firms may move to countries that are more receptive to new financial technology, one observer said. Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows : The wealth management industry globally is very light in both bitcoin and gold, one observer said. Plagiarism, Fork or Simple Mistake? Shiba Inu Community Debates the Origin Story of Shibarium : SHIB is down 8% and millions have been unstaked over allegations that the Shibarium code was stolen. Google Searches for Arbitrum Soar Amid Airdrop Announcement : The Arbitrum token will be airdropped to users next Thursday.', 'Bitcoin rose in Friday morning trading in Asia to near the US$25,000 mark. Ether and the rest of the top 10 non-stablecoin cryptocurrencies also gained as global equity markets stabilized following moves by authorities in the U.S. and Europe to backstop banks with cash after a series of failures in the industry this past week threatened to spread. BNB led the crypto winners as a U.S. court overruled government objections and approved the Binance US$1 billion deal to buy bankrupt crypto lender Voyager. See related article: US, Germany shut ChipMixer for alleged ties to US$3 bln crypto laundering Fast facts Bitcoin rose 2.75% in the past 24 hours to US$24,973 at 09:00 a.m. in Hong Kong, according to CoinMarketCap data . The world\x92s biggest cryptocurrency jumped 24% over the past seven days, the largest gain among the top 10 non-stablecoin cryptocurrencies by market capitalization. Some commentators argue Bitcoin acted as a safe haven for investors as bank failures shook global equity markets this week. Ether edged up 1.32% to trade at US$1,668, a gain of 17% for the past seven days. BNB, the native token of the Binance crypto exchange, led the winners on Friday with a 7.56% jump to US$327.98. A U.S. court judge on Wednesday rejected the government\x92s appeal to block a US$1 billion offer by Binance U.S. to buy the assets of the failed Voyager platform . The token added 19.51% for the seven-day-period. Polygon\x92s Matic token climbed 2.88% to US$1.14, logging a weekly gain of 14.04%. Salesforce, one of the world\x92s biggest enterprise software firms with a market cap of more than US$150 billion, has entered a partnership with Polygon blockchain to help its clients build non-fungible token-related (NFT) programs, according to a tweet by Polygon Labs on Thursday. Saleforce previously launched a suite of customer relationship management tools for Web3 developers. The total crypto market capitalization rose 1.91% in the past 24 hours to US$1.08 trillion. Total trading volume over the last 24 hours fell 25.30% to US$61.92 billion. U.S. equities closed higher in a relief rally on Thursday. The Dow Jones Industrial Average moved up 1.17%, the S&P 500 rose 1.76%, and the Nasdaq Composite Index jumped 2.48%. The gains in equities came after Credit Suisse on Thursday said it would borrow up to 50 billion Swiss francs (US$54 billion) from the Swiss National Bank to shore up liquidity. On the U.S. side, 11 U.S. financial institutions injected US$30 billion into First Republic Bank on Thursday after the bank\x92s share price fell sharply on fears of a bank run. The U.S. Treasury Secretary Janet Yellen told Congress on Thursday that the U.S. \x93banking system remains sound\x94, and \x93the Federal Reserve is providing additional support to the banking system with a new lending facility.\x94 On the inflation front, the U.S. Department of Labor on Thursday reported a drop in\xa0unemployment benefit claims in the week ending March 11 that was more than expected, indicating a strong labor market that supports the view the Federal Reserve will raise interest rates again this month. U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 79.7% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 20.3%, down from 45.4% on Thursday. The U.S. consumer price index (CPI) rose 6% on year in February, a deceleration from 6.4% in January, but still well above the Fed\x92s goal to keep annual inflation below 2%. U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong, with the Dow Jones Industrial Average futures off 0.14%. The S&P 500 futures dipping 0.11%, while the Nasdaq Composite Index treaded water with a dip of 0.03%. See related article: Ripple executives say XRP lawsuit ruling will have little impact on global business operations', 'Bitcoin rose in Friday morning trading in Asia to near the US$25,000 mark. Ether and the rest of the top 10 non-stablecoin cryptocurrencies also gained as global equity markets stabilized following moves by authorities in the U.S. and Europe to backstop banks with cash aftera series of failures in the industrythis past week threatened to spread. BNB led the crypto winners as a U.S. court overruled government objections and approved the Binance US$1 billion deal to buy bankrupt crypto lender Voyager.\nSee related article:US, Germany shut ChipMixer for alleged ties to US$3 bln crypto laundering\n• Bitcoin rose 2.75% in the past 24 hours to US$24,973 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The world’s biggest cryptocurrency jumped 24% over the past seven days, the largest gain among the top 10 non-stablecoin cryptocurrencies by market capitalization. Some commentators argue Bitcoin acted as a safe haven for investors as bank failures shook global equity markets this week.\n• Ether edged up 1.32% to trade at US$1,668, a gain of 17% for the past seven days.\n• BNB, the native token of the Binance crypto exchange, led the winners on Friday with a 7.56% jump to US$327.98. A U.S.court judgeon Wednesday rejected the government’s appeal to block aUS$1 billion offer by Binance U.S. to buy the assets of the failed Voyager platform. The token added 19.51% for the seven-day-period.\n• Polygon’s Matic token climbed 2.88% to US$1.14, logging a weekly gain of 14.04%. Salesforce, one of the world’s biggest enterprise software firms with a market cap of more than US$150 billion, has entered a partnership with Polygon blockchain to help its clients build non-fungible token-related (NFT) programs, according to atweetby Polygon Labs on Thursday.Saleforcepreviously launcheda suite of customer relationship management toolsfor Web3 developers.\n• The total crypto market capitalization rose 1.91% in the past 24 hours to US$1.08 trillion. Total trading volume over the last 24 hours fell 25.30% to US$61.92 billion.\n• U.S. equities closed higher in a relief rally on Thursday. The Dow Jones Industrial Average moved up 1.17%, the S&P 500 rose 1.76%, and the Nasdaq Composite Index jumped 2.48%.\n• The gains in equities came after Credit Suisse on Thursdaysaidit would borrow up to 50 billion Swiss francs (US$54 billion) from the Swiss National Bank to shore up liquidity. On the U.S. side, 11 U.S. financial institutionsinjected US$30 billion into First Republic Bankon Thursday after the bank’s share price fell sharply on fears of a bank run.\n• The U.S. Treasury Secretary Janet YellentoldCongress on Thursday that the U.S. “banking system remains sound”, and “the Federal Reserve is providing additional support to the banking system with a new lending facility.”\n• On the inflation front, the U.S. Department of Labor on Thursdayreporteda drop in\xa0unemployment benefit claims in the week ending March 11 that was more than expected, indicating a strong labor market that supports the view the Federal Reserve will raise interest rates again this month.\n• U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 79.7% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 20.3%, down from 45.4% on Thursday.\n• The U.S. consumer price index (CPI) rose6%on year in February, a deceleration from 6.4% in January, but still well above theFed’s goalto keep annual inflation below 2%.\n• U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong, with the Dow Jones Industrial Average futures off 0.14%. The S&P 500 futures dipping 0.11%, while the Nasdaq Composite Index treaded water with a dip of 0.03%.\nSee related article:Ripple executives say XRP lawsuit ruling will have little impact on global business operations', 'Bitcoin rose in Friday morning trading in Asia to near the US$25,000 mark. Ether and the rest of the top 10 non-stablecoin cryptocurrencies also gained as global equity markets stabilized following moves by authorities in the U.S. and Europe to backstop banks with cash aftera series of failures in the industrythis past week threatened to spread. BNB led the crypto winners as a U.S. court overruled government objections and approved the Binance US$1 billion deal to buy bankrupt crypto lender Voyager.\nSee related article:US, Germany shut ChipMixer for alleged ties to US$3 bln crypto laundering\n• Bitcoin rose 2.75% in the past 24 hours to US$24,973 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The world’s biggest cryptocurrency jumped 24% over the past seven days, the largest gain among the top 10 non-stablecoin cryptocurrencies by market capitalization. Some commentators argue Bitcoin acted as a safe haven for investors as bank failures shook global equity markets this week.\n• Ether edged up 1.32% to trade at US$1,668, a gain of 17% for the past seven days.\n• BNB, the native token of the Binance crypto exchange, led the winners on Friday with a 7.56% jump to US$327.98. A U.S.court judgeon Wednesday rejected the government’s appeal to block aUS$1 billion offer by Binance U.S. to buy the assets of the failed Voyager platform. The token added 19.51% for the seven-day-period.\n• Polygon’s Matic token climbed 2.88% to US$1.14, logging a weekly gain of 14.04%. Salesforce, one of the world’s biggest enterprise software firms with a market cap of more than US$150 billion, has entered a partnership with Polygon blockchain to help its clients build non-fungible token-related (NFT) programs, according to atweetby Polygon Labs on Thursday.Saleforcepreviously launcheda suite of customer relationship management toolsfor Web3 developers.\n• The total crypto market capitalization rose 1.91% in the past 24 hours to US$1.08 trillion. Total trading volume over the last 24 hours fell 25.30% to US$61.92 billion.\n• U.S. equities closed higher in a relief rally on Thursday. The Dow Jones Industrial Average moved up 1.17%, the S&P 500 rose 1.76%, and the Nasdaq Composite Index jumped 2.48%.\n• The gains in equities came after Credit Suisse on Thursdaysaidit would borrow up to 50 billion Swiss francs (US$54 billion) from the Swiss National Bank to shore up liquidity. On the U.S. side, 11 U.S. financial institutionsinjected US$30 billion into First Republic Bankon Thursday after the bank’s share price fell sharply on fears of a bank run.\n• The U.S. Treasury Secretary Janet YellentoldCongress on Thursday that the U.S. “banking system remains sound”, and “the Federal Reserve is providing additional support to the banking system with a new lending facility.”\n• On the inflation front, the U.S. Department of Labor on Thursdayrep
**Last 60 Days of Bitcoin's Closing Prices:**
[21169.63, 21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-17
**Financial & Commodity Data:**
- Gold Closing Price: $1969.80
- Crude Oil Closing Price: $66.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $513,797,077,275
- Hash Rate: 318250274.5486265
- Transaction Count: 338823.0
- Unique Addresses: 768841.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cathie Wood’s Ark Invest has raised $16 million for a new fund, according to a Securities and Exchange Commission filing on Wednesday. The ARK Crypto Revolutions Fund, registered inthe U.S.andthe Cayman Islands, is a private placement, meaning that it won’t be available to the public.
Private placements are usually sold to a small group of friends and family, accredited investors or institutional clients. The firm said in the filing that it started raising money on March 1 and has so far sold $7 million in the U.S. and $9 million in the Cayman Islands as of March 15.
Ark Invest did not immediately respond to a request for comment fromDecrypt.
The new fund is another sign that the Florida-based investment manager still feels bullish about Bitcoin and crypto markets. Her Ark Innovation exchange-traded fund (ETF) drew nearly $400 million on Friday,accordingtoBloomberg, the largest increase since April 2021 and coming as the financial sector was rocked by bank failures.
Cathie Wood’s Ark Invest Has Bought Almost $20M in Coinbase Stock Since January
Crypto-friendlySilvergate Bankannounced it was voluntarily winding down last week andSilicon Valley Bank, which counted hundreds of tech startups as clients, was shuttered by regulators on Friday. On Sunday, Signature Bank—at the time, the only remaining crypto-friendly bank with an instant settlement network for digital payments—wasforced to closeby the New York Department of Financial Services.
Wood has been vocal in calling out what she sees as regulators’ misplaced focus on the risks of blockchain technology and crypto markets as questions loom about the stability of the financial sector.
“While the US banking system was seizing up in response to bank runs threatening regional banks, Bitcoin, Ethereum, and other crypto networks didn’t skip a beat,” Wood wroteon TwitterTuesday. “Instability in the banking system threatened stablecoins, the on-ramps to DeFi, in stark contrast to regulator rhetoric.”
Coinbase Bull Cathie Wood’s Ark Innovation ETF Has Best Month Ever
Wood herself, who’s long been a champion for Bitcoin, said she sees it as an insurance policy during an interview in February.
“There’s hyperinflation all over the world as their currencies have fallen apart,” Wood toldYahoo Financelast month. “Those populations need a fallback—an insurance policy like Bitcoin.”
Since the start of the year, the company has bought almost$20 million worth of Coinbase sharesand now owns 5.14% of the company’s stock, according to SEC filings....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.']...
**Last 60 Days of Bitcoin's Closing Prices:**
[21161.52, 20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-18
**Financial & Commodity Data:**
- Gold Closing Price: $1969.80
- Crude Oil Closing Price: $66.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $528,172,709,600
- Hash Rate: 350724792.3597108
- Transaction Count: 296890.0
- Unique Addresses: 691597.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Marathon Digital Holdings, Inc. Produced a Record 687 BTC in January 2023, 45% Increase from the Prior Month Increased Unrestricted Cash to $133.8 Million and Increased Unrestricted Bitcoin Holdings to 8,090 BTC as of January 31 FORT LAUDERDALE, Fla., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company") , a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for January 2023. Management Commentary “We started the year by producing a record 687 bitcoin in January 2023, which is a 45% increase from the 475 bitcoin we produced in December 2022,” said Fred Thiel, Marathon’s chairman and CEO. “The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022. We believe the improvements in our operational efficiency, along with the proactive measures we have taken to strengthen our balance sheet, have placed Marathon in a strong position to achieve our growth and operational targets in 2023. “With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes. We intend to continue to sell a portion of our bitcoin holdings in 2023 to fund monthly operating costs. Even with these sales, our unrestricted bitcoin holdings increased from 7,815 bitcoin as of December 31, 2022, to 8,090 bitcoin as of January 31, 2023, as our production improved and the appreciation in bitcoin’s price in January reduced the amount of bitcoin we had posted as collateral. Additionally, we ended the month with $133.8 million in unrestricted cash on hand. “As we look ahead, our focus for the year is to energize more miners and to optimize their performance. We remain confident in our ability to scale Marathon into one of the largest and most energy efficient Bitcoin mining operations globally by installing approximately 23 exahashes of computing power near the middle of 2023.” Story continues Operational Highlights and Updates Figure 1: Operational Highlights Operational Highlights Year-Over-Year Comparison Prior Month Comparison Metric 1/31/2023 1/31/2022 % Δ 1/31/2023 12/31/2022 % Δ BTC Produced 687 462 49% 687 475 45% Avg. BTC Produced per Day 22.1 14.9 49% 22.1 15.3 45% Operational/Energized Hash Rate (EH/s) 1 7.3 3.6 103% 7.3 7.0 4% Installed Hash Rate (EH/s) 2 11.0 3.6 206% 11.0 9.1 21% 1. Defined as the amount of hash rate that could theoretically be generated if all mining servers that have been operational/energized are currently in operation (includes mining servers that are temporarily offline for maintenance or similar reasons). Hash rates are estimates based on the manufacturers' specifications. All figures are rounded. 2. Defined as the sum of operational/energized hash rate (see above) and hash rate that has been installed but is not yet energized (e.g., mining servers are in containers but not energized). Hash rates are estimates based on the manufacturers' specifications. All figures are rounded. According to the latest information made publicly available, energization of Applied Digital’s facilities in Garden City, Texas, and Ellendale, North Dakota, are expected to commence during the first quarter of 2023. In Garden City, TX, approximately 26,700 of Marathon’s S19 XPs (c. 3.7 EH/s) have already been installed. In January, 2,100 of Marathon’s S19 XPs (c. 0.3 EH/s) were energized at the Jamestown facility. As a result, the Company’s operating fleet increased to approximately 71,000 Bitcoin servers, theoretically capable of producing approximately 7.3 EH/s as of February 1, 2023, according to the manufacturer’s specifications. The Company expects the full energization of the 33 megawatts contracted for at the Jamestown site to occur in the first quarter of 2023, bringing an additional 8,900 S19 XPs (c. 1.2 EH/s) online. Once all of Marathon’s previously purchased miners are installed, approximately 66% of the Company’s hash rate is expected to be generated by S19 XPs, which are approximately 30% more energy efficient than the prior generation of mining servers. The Company still expects to have approximately 23 EH/s of capacity installed near the middle of 2023. Financial Highlights and Updates Figure 3: Financial Highlights Financial Highlights Year-Over-Year Comparison Prior Month Comparison Metric 1/31/2023 1/31/2022 % Δ 1/31/2023 12/31/2022 % Δ Total Cash, Cash Equivalents, & Restricted Cash ($, in millions) 142.6 189.1 -25% 142.6 112.5 27% Unrestricted Cash 133.8 189.1 -29% 133.8 103.7 29% Restricted Cash 8.8 0.0 NA 8.8 8.8 0% Total BTC Holdings (in whole numbers) 11,418 8,595 33% 11,418 12,232 -7% Unrestricted BTC Holdings 8,090 8,595 -6% 8,090 7,815 4% Restricted BTC Holdings 3,328 0 NA 3,328 4,417 -25% Note: All cash figures are presented in millions; all bitcoin ("BTC") figures are presented as whole numbers. In prior press releases and earnings calls, Marathon has indicated that the Company intends to sell a portion of its bitcoin holdings to cover operational expenses as production begins to ramp. With production improving, Marathon opted to sell 1,500 BTC during January 2023. As a result, Marathon holds a total of 11,418 BTC, of which approximately 8,090 BTC (c. $187.2 million) are unrestricted, as of January 31, 2023. Marathon may continue to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, or for general corporate purposes. The Company ended the month with $133.8 million in unrestricted cash on hand. Additional Operational Updates On January 27, 2023, Marathon Digital Holdings, Inc. (the “Company”) and FS Innovation, LLC (“FSI”) entered into a Shareholders’ Agreement (the “Agreement”) regarding the formation of an Abu Dhabi Global Markets company (the “ADGM Entity”), whose purpose shall be to jointly (a) establish and operate one or more mining facilities for digital assets; and (b) mine digital assets (collectively, the “Business”). The initial project by the ADGM Entity shall consist of two digital asset mining sites comprising 250 MW in Abu Dhabi, and the initial equity ownership in the ADGM Entity shall be 80% FSI and 20% the Company. For more information, see the 8-K filed on January 27, 2023, which can be accessed at Marathon’s investor relations website . Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 10, 2022. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of February 2023. See "Forward-Looking Statements" below. Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. The Company is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America, while remaining asset light. Marathon Digital Holdings Company Contact: Telephone: 800-804-1690 Email: [email protected]...
- Reddit Posts (Sample): [['u/eagle_eye_johnson', 'BCH/BTC ratio falls below .005 for the first time', 13, '2023-03-18 00:16', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/', 'As the crypto market is starting to take off as a result of banking uncertainty it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash. \n\nhttps://www.tradingview.com/symbols/BCHBTC/\n\nIt’s kind of annoying but it allows BCH users to continue accumulating at cheaper prices.', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/', '11u7cnd', [['u/Pablo_Picasho', 16, '2023-03-18 00:29', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcmrud3/', '> it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash. \n\nOver last 7d, BTC rose faster than all coins, incl. BCH and those above, in the marketcap ranking .\n\nSo, this isn\'t something particular to BCH, it affects all coins below it. Setting aside that it is also a comparison of a ratio to a coin which can no longer perform the same function as BCH can, it is likely that those who move into Bitcoin only now, due to recent "banking uncertainty" are more likely to go for the name, instead of making a deeply considered choice.\n\nWhen it comes to accumulating more BCH, this is good for BTC users who can get a better ratio these days.\n\nIndeed, it will be the "smart BTC money" that will be investing in BCH at this point because they do understand the potential and exceptionally great ratio of exchange that they can obtain at this point.\n\nIn terms of dollars, BCH has been rising 23% over last 7d, so it\'s not "cheaper prices" for those who buy with fiat, compared to recent times. BCH price is on the rise.', '11u7cnd'], ['u/Shibinator', 20, '2023-03-18 01:09', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcmx9xn/', 'No this is the second time, it has happened before.', '11u7cnd'], ['u/saylor_moon', 10, '2023-03-18 01:58', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcn3s39/', "The coinflex bch sold out in about two days. If you look at the balance at Binance, you can see the large deposit on March 15.\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/19dQkvaH2NGgkGomzZu3qrnqRGCicXwedM\n\nTwo days later, it's all been sold and withdrawn, and the price starts rising again.", '11u7cnd'], ['u/ShadowOfHarbringer', 15, '2023-03-18 02:23', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcn75xt/', '> Yes, this tired old trope about \'buying discounted BCH\'. It\'s been on the discount for years now.\n\nThen we will keep buying it at discount. You know why? \n\n**Because it is the only think that makes sense.**\n\nBTC, LTC, DOGE, SHIB, USDT, even ETH, pick almost any other coin in TOP30 - none of them make any sense.\n\nThe whole crypto except maybe 3-4 coins make no sense. It\'s unrealistic. Ephemeral. As in, **Not real**.\n\n--------\n\nBCH, XMR, maybe 2 more coins are the only real and serious coins that actually do anything for the people.\n\n"Crypto" is currently a joke. If it won\'t stop being a joke and start becoming a hope for a honest currency for the people, we\'re fucked as humans.\n\nGovernments will just keep destroying money, they then will introduce CBDCs and we will all become fucking slaves with no alternative. By then **you will wish you were living in communism**. Because what they are building will be **5x worse** than communism.\n\nWould you like that?', '11u7cnd'], ['u/jessquit', 11, '2023-03-18 07:13', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jco1eib/', "Majority of what though? There's a correct answer, just wondering if you know it.", '11u7cnd']]], ['u/RobertsonvsPhillips', 'Incoming SATS!', 10, '2023-03-18 00:23', 'https://www.reddit.com/r/shakepay/comments/11u7jfx/incoming_sats/', 'Beer, gas, food, BTC, shake. This is life.', 'https://i.redd.it/dklop67pcfoa1.jpg', '11u7jfx', [['u/Pavehead42oz', 11, '2023-03-18 03:40', 'https://www.reddit.com/r/shakepay/comments/11u7jfx/incoming_sats/jcngit6/', "Subway McDonald's and little Caesars. This is the way.", '11u7jfx']]], ['u/jacobwlyman', 'BTC Adoption - I now include “I accept Bitcoin payments” in the descriptions on all of my FB Marketplace listings. You can too!', 80, '2023-03-18 01:22', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/', 'I sell things online through Facebook Marketplace in my spare time. In all of my listing descriptions, I inform buyers that “I accept Bitcoin payments” for any of my items, along with Venmo or Cash payments. I think that this is a great way to show people that Bitcoin is being used as a real alternative for everyday transactions! \n\nI haven’t had anyone (yet) take me up on this option since I started doing this a few months ago, but I’ll post an update here when that finally happens.', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/', '11u92b8', [['u/BTCPriest', 11, '2023-03-18 02:18', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/jcn6j8r/', "That's what I do on Ebay. You can too!", '11u92b8'], ['u/Charker21', 10, '2023-03-18 05:48', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/jcnu1vv/', 'I made a sign to accept Bitcoin for the woodworking craft shows I do every once in a while. Still waiting for someone to do it, but just having it there as an option has started a few conversations.', '11u92b8']]], ['u/Ill_Presentation_997', 'What do you think about bitcoin right now??', 10, '2023-03-18 02:03', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/', 'Explain your reason why???\n\n[View Poll](https://www.reddit.com/poll/11ua2f5)', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/', '11ua2f5', [['u/coelectric', 18, '2023-03-18 03:01', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnbugb/', 'Bull trap. This is a standard winter with pumps dumps and sideways action.', '11ua2f5'], ['u/GlitteringGiraffe604', 10, '2023-03-18 05:25', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnru9c/', "If BTC can't go up while banks are failing and money is being printed for another round of bailouts then what is it even good for?", '11ua2f5'], ['u/aliffattah', 10, '2023-03-18 06:05', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnvofz/', 'If retail think it is bull trap, then yeah it is definitely not. If retail think bull run has started, then yeah we still have room for doom.', '11ua2f5']]], ['u/No_Concentrate2892', 'Never Trade on Emotions', 30, '2023-03-18 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/', 'I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"\n- panic\n- Doubt\n- Hurry\n- Fomo\n- Angry\n- worried\nA major key for a trader is your enemy is always his emotions', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/', '11ub8yo', [['u/Maxx3141', 19, '2023-03-18 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/jcnbj0c/', 'The last years in crypto left me emotionally dead anyway.', '11ub8yo']]], ['u/reggie_crypto', 'Argument that Bitcoin is code and will be obsolete', 21, '2023-03-18 03:31', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/', 'Had a debate with a friend who has the conviction that Bitcoin will just become obsolete or cease to function after some software update or innovation. Compared it to extinct programming languages. I explained the network effect, that anybody could write a node client in any language and it would be compatible if it follows the protocol, and the protocol depends on consensus of the decentralized network. Also how the internet continues to exist and function through innovations and deprecated hardware/software. Not sure how else to get this point across.', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/', '11uc0dr', [['u/igadjeed', 10, '2023-03-18 03:47', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnhc69/', "> how else to get this point across\n\nThe decentralized node network is everything. The other things are transient. It's impossible to explain to most people, even here, that there's no boss node controlling Bitcoin, that thousands of Bitcoin nodes converge to the same transaction history apparently by accident, but actually by design. Most people have closed minds, unable to comprehend this innovation \n\nIn a sense, your friend is thinking in the right direction. Nothing guarantees that there will always be enough nodes for Bitcoin to be secure in the future, especially if a different design addresses Bitcoin's main flaw", '11uc0dr'], ['u/uncontrollableop', 44, '2023-03-18 04:21', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnl55g/', "everyone comes from ignorance. ask him if he thinks TOR and Unix will suffer the same fate. and why hasn't tcp/ip fallen yet?", '11uc0dr'], ['u/generateduser29128', 34, '2023-03-18 04:39', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnn23a/', "It's an established protocol, not some code library that can be easily rewritten. >15.000 shitcoins have tried to replace it and failed.", '11uc0dr'], ['u/reggie_crypto', 14, '2023-03-18 04:45', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnnovo/', 'I did.', '11uc0dr'], ['u/generateduser29128', 18, '2023-03-18 04:53', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnokdw/', 'Losing money is the best teacher 🤷🏼\u200d♂️', '11uc0dr']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, March 18, 2023', 38, '2023-03-18 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/', '11udsc9', [['u/notagimmickaccount', 11, '2023-03-18 06:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcny4jc/', 'I would not fight this trend imo, but im always on the sidelines hodling so my 2 cents is worth 1. But this is a good setup for bull because of the narrative that will be drawn by media (mostly social media), ie bitcoin safe haven, banks failing, world ending etc, which with price appreciation leads to FOMO, which leads to 1st wave FOMO zoomers telling their friends they got rich which leads to the 2nd/3rd wave and then whales distribute. \n\nLonger term I could see a big run and then devastating dump with negative narrative so the whales can collect coins for cheap pre-halving cycle. Before halving 3 we went from 3.8k to 11k and back down to 7k and into COVID 5k bottom (exogenous event) into the massive halving run. So the run to 11k put us into yellow band on rainbow chart and a repeat of this would put us in the 50k range and maybe even a run to ATH. But whales would try to kill the rally here and make "bad news" with the failure to break ATH. While I dont trade id be running perp shorts as hedge at this point to hold back down and maybe close out next year to avoid tax issues for 2023.', '11udsc9'], ['u/gozunker', 17, '2023-03-18 06:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcny7eh/', 'A few hours ago BTC bumped right up against $27830, which happens to be a delineation point on the Rainbow Chart bands (going from the lowest band to second-lowest). \n\nhttps://www.lookintobitcoin.com/charts/bitcoin-rainbow-chart/\n\nIf it breaks upward through this line and stays in the higher band next week, then my weighted DCA buy changes from 3x my base DCA amount to 2x my base DCA amount. I’ll be buying less corn because the price is going up. Yay price going up. Boo less corn.\n\nIt sure was nice scooping up that recent 5x base-DCA a couple of weeks ago when the price was sub-$20k for a minute, putting it below the lowest Rainbow band, into the white no-man’s-land area that means “you better be buying now cuz this is when fortunes are made”. Not sure if we will see those levels again, but I’m ready with some more fiat reserves to throw at it if we do.\n\nLooking forward to when the bull market really gets going. I switch from a BTC buyer-hodler to a BTC profit-taker (more like “harvest these profits for future bear market purchases”) when we hit the light orange band, just above the yellow band that marks the center (yellow is my “hodl, don’t buy or sell” band). I’ve never gotten to the taking-profits part of my plan yet, it will be exciting times when that day comes.\n\nAnyway, this is all a long rambling way to say cheers everyone, happy Saturday. Enjoy the weekend.', '11udsc9'], ['u/xtal_00', 15, '2023-03-18 06:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcny8x4/', 'Pulled the take profit off my position.\n\nWho knows what is going to happen?\n\nBank situation is fluid and evolving rapidly.', '11udsc9'], ['u/gozunker', 18, '2023-03-18 06:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcnyx9l/', 'I’m enjoying this Bitcoin-to-one-million bet by this Balaji guy on Twitter. I don’t think he is correct, but it’s fun to watch the drama from the sidelines.\n\nFood for thought: on January 30, 2020 he tweeted this (January!) . . . \n\n“What if this coronavirus is the pandemic that public health people have been warning about for years?\n\nIt would accelerate many pre-existing trends.\n\n- border closures\n- nationalism\n- social isolation\n- preppers\n- remote work\n- face masks\n- distrust in governments”\n\n. . . So maybe I shouldn’t dismiss his Bitcoin pipe dream so quickly. But seriously, a million dollars? By June? Pshhhhh. We shall see.\n\nH/t Lynn Alden on Twitter for resurfacing the old tweet:\n\nhttps://twitter.com/lynaldencontact/status/1636918765014118401?s=46&t=GdsSciOzIxBwNhMx8Lzypg', '11udsc9'], ['u/bambinka', 16, '2023-03-18 09:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jco90ic/', 'Food for thought: If you measure your profits in dollars, you are doing it wrong.', '11udsc9'], ['u/Serious-Ad-2033', 19, '2023-03-18 12:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcopxzi/', 'Sounds like a highly emotional trade what ruins a lot of people especially with leverage', '11udsc9'], ['u/jarederaj', 33, '2023-03-18 13:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcotd28/', 'MoonMath is fixed… as long as coindesk doesn’t break their price feed again.\n\nHTTPS://www.MoonMath.win\n\nThe 2012 Exponential Projection is looking realistic.\n\nAdded years to the charts that project.', '11udsc9'], ['u/dopeboyrico', 13, '2023-03-18 13:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcoulmf/', 'If you recall earlier this year at the end of January BTC was on track to have its best start to a year since 2013. BTC fell off track in February but with recent PA it’s getting close to being back on track.\n\nClosing March at or above $33.7k would make this the strongest start to a year since 2013 once again.', '11udsc9'], ['u/delgrey', 12, '2023-03-18 13:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcouq4c/', 'Bitcoin sniffs out the degenerate in people. Good luck sir.', '11udsc9'], ['u/subversive07', 10, '2023-03-18 13:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcow4r5/', "Is this pump CZ buying? Can't be retail. Institutions fearing current macro? Money has to come from somewhere.", '11udsc9'], ['u/gozunker', 26, '2023-03-18 14:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcowk42/', 'It means throwing all your money into a 100x long while you’ve got one bloodshot eye on the charts and the other eye twitchin’ from stress, as you bask in the bluelight glow from your trading screen at four o’clock in the morning, because you can’t sleep knowing that if there’s so much as a fart-puff of movement the wrong way in price you’ll be out on the streets, all while muttering to yourself “this isn’t fomo, this is some solid TA” …\n\nOr at least that’s how I imagine it.', '11udsc9'], ['u/jarederaj', 12, '2023-03-18 14:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcoxne0/', 'The decoupling is real. Last week proved that.', '11udsc9'], ['u/Shark_mark', 10, '2023-03-18 14:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcp2bmo/', 'I’m hopeful, but it’s way to early to state that', '11udsc9'], ['u/_TROLL', 18, '2023-03-18 14:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcp39a4/', "It's partially SBF no longer being able to steal his customers' bitcoin deposits, either to fraudulently sell or exchange back onto the market for his shitcoins of choice.", '11udsc9'], ['u/jarederaj', 24, '2023-03-18 15:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcp5ykr/', 'You are 60% right. SBF, FTX, and the shitcoin shills they paid to manipulate the market, and the billions in bitcoin dumped back on the market, are no longer limiting our bull run performance.\n\nBut also, there is growing contagion and distrust for the banks as well as the Fed. Bitcoin reacted positively when traditional markets were freaking out. The decoupling happened. The fallout of that is palpable. The Fed just confirmed what bitcoiners have been saying for almost 14 years.', '11udsc9'], ['u/jarederaj', 22, '2023-03-18 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcprdw7/', 'Some permabear just thought that and lost their stack.', '11udsc9'], ['u/GenghisKhanSpermShot', 12, '2023-03-18 17:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcprmwb/', 'Swooping out all the degem longs I keep seeing posts about in here, probably good for consolidation or up now.', '11udsc9'], ['u/bittabet', 13, '2023-03-18 18:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcpwjtr/', 'Main difference is that permabulls that don’t touch leverage will be fine since Bitcoin will carry them.', '11udsc9'], ['u/bittabet', 12, '2023-03-18 18:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcpzepy/', 'Another retest…27K might hold but I get the feeling that we’ll be revisiting 26K at some point this week.', '11udsc9'], ['u/xtal_00', 20, '2023-03-18 19:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcq4xkd/', 'The next BGD will be glorious.', '11udsc9'], ['u/BootyPoppinPanda', 15, '2023-03-18 20:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqez13/', "Still looks bullish. Totally inverse of the meltdown we saw after ATH. Hoping it's just as ruthless to the upside this year. Certainly possible", '11udsc9'], ['u/Soldier_of_the_Light', 12, '2023-03-18 20:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqf427/', 'The 10K Green Candle™', '11udsc9'], ['u/BootyPoppinPanda', 15, '2023-03-18 20:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqfjfh/', 'We\'ve escaped Goblin Town (18-25k range) but I can still smell that nasty hell hole from here. Would be nice to see some numbers starting with "3"', '11udsc9'], ['u/thewardser', 12, '2023-03-18 20:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqjc7l/', 'closed long from [$26,910](https://www.reddit.com/r/BitcoinMarkets/comments/11tggd8/daily_discussion_friday_march_17_2023/jcmdynw/) at $27,426.\n\nWent 10x short from $27,418, with a stop loss at $27,526', '11udsc9'], ['u/elemenopotus', 22, '2023-03-18 21:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqpn34/', 'I’m 80% confident that the rise in btc corresponded with the bank failures because smart macro folks immediately understood that that meant the Fed would have no choice but to lower rates / start some form of QE (BTFP in this case) - and btc has shown to perform well under lower rates / QE environment. Versus this price move being a true show of “leaving the traditional banking system for the btc system” moment. \n\nAnyone have strong reason to believe one versus the other reading of the situation?\n\nEdit: word', '11udsc9'], ['u/_supert_', 10, '2023-03-18 21:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqqfbi/', "I think it's more the former. That combined with the bid being generally strong anyway due to bear exhaustion and the upcoming halving.\n\nPerfect timing really.", '11udsc9'], ['u/52576078', 10, '2023-03-18 22:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcqvwa9/', "I agree. Commentators like Luke Gromen said last week that the Fed had pivoted. This makes more sense for risk-on assets like Bitcoin being desirable. That said, I'm sure for a small number of people the banking system failure has certainly strengthened Bitcoin's case. But most people still aren't ready for that yet. We're still very early.", '11udsc9'], ['u/DamonAndTheSea', 18, '2023-03-18 23:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/11udsc9/daily_discussion_saturday_march_18_2023/jcr2reu/', 'Monthly momentum for BTC looks really strong here in my view: We’re printing a 3rd green monthly Heikin, Stoch now pointing above 20 line, and MACD coiling into a crossover. \n\n[Outlined are fib levels on the way up.](https://www.tradingview.com/x/MuaEmhiM/)', '11udsc9']]], ['u/hugbunt3r', '[March 18th] Dread Main Onion ONLINE, latest information', 134, '2023-03-18 05:57', 'https://www.reddit.com/r/DreadAlert/comments/11ueuzy/march_18th_dread_main_onion_online_latest/', " -----BEGIN PGP SIGNED MESSAGE-----\n Hash: SHA512\n \n Hi everyone, I am so fucking psyched right now because this\n is a huge milestone in regards to fighting these attacks.\n \n The main onion is ONLINE, while under full attack load.\n There will still be timeouts here and there and initial\n connections may be sporadic, be persistent and you should\n be able to access fairly quickly through the use of a\n single new identity to clear your descriptors and then\n possibly switching circuits a couple of times if you cannot\n connect, you can do this quickly by pressing\n Ctrl + Shift + L.\n \n Credit goes completely to our resident genius Paris who\n theorized this method of bypassing the bottleneck,\n using a modified version of a method that somewhat worked\n previously but the attacker was able to easily overcome it.\n If you haven't experienced fighting these attacks, you\n will have no idea how INCREDIBLE this is, but seriously,\n it is completely unprecedented.\n \n This method scales against the intro point bottleneck\n itself and it is possible that we could remain stable.\n The downside is that this is fucking expensive on our end.\n \n WITH ALL THAT BEING SAID. It COULD be just as easy for\n the attacker to bypass this, so while I am hopeful here,\n we are going to continue to prepare mirror rotation\n within Daunt and continue to share private mirrors to\n anyone who is struggling to access.\n \n Use this as an opportunity to get your auth keys so that\n you can make use of them for accessing other affected\n services through Daunt, as well as accessing Dread\n going forward if we do fall back to rotation primarily.\n \n This is a massive FUCK YOU to this sad extortionist.\n -----BEGIN PGP SIGNATURE-----\n \n iQIzBAEBCgAdFiEEYTOs4fS4fFHb8/6l6GEFEPmm6SIFAmQVRGMACgkQ6GEFEPmm\n 6SI6Ig/+IGl4Qqzph2QGYvzggO+h2pCgekTICAYFqhY+8Ix0AK3Y+zpLu3j2o80c\n Si6rvaMzUM9KZmFJ2ASac231Vo5pYmKi3Z/I9YeholROUaAMWG9ii1BtG+qmPk+M\n 8jjfHgVmscnsWroYg4jzJ0xG+GJ6yTy58FtafX2wMzDsYeEnkRbf8w9YMr9135xG\n vcfE/MbLj5U0M+qBZhp5x6N/+dYjSGwiomK+r7Go7WDYn08afK0iPnFBEL13bHxO\n 2Hnkct23Gys4/WZsIGDuzZ+V611NZvh3r1R9631Ym3jb+gahEV0X0NK2PhAYq88M\n EWl31Nf9pEZ5PouBUN2uijnNcHjQdS3yqoKJ68lSpMovAJgA7/c3PRZet8Bj2qwX\n FLANruXvmk680xX1e8xDW5r/rvq5EAuoDCevdN9BYM1hefK5iNXafN5nCWdMCqfN\n 2nrb0/hwvIcNYdJH3A9YkWsfzQ71xObY9f52Fau9hCYiSS3CLylwyLJu5m+qWw9H\n cCBCnz8gS5IXuoCBAjyFeZzSh+0I5BtcNtR4w2RAcmw6KrVufyc8xJrof000kLiU\n s/MJyBfr2UKWrIzNMQWTrg6pSux+gmFLXy11vd/YfW89YKcNa9QPPihWS27Mxpf8\n 3NedGLtTHq1QliF4oNEhAou9R+HZ3QJH/WA1Pp1dph6LsPukAdk=\n =9RH5\n -----END PGP SIGNATURE-----", 'https://www.reddit.com/r/DreadAlert/comments/11ueuzy/march_18th_dread_main_onion_online_latest/', '11ueuzy', [['u/newbieforever2016', 28, '2023-03-18 06:49', 'https://www.reddit.com/r/DreadAlert/comments/11ueuzy/march_18th_dread_main_onion_online_latest/jcnzid1/', '"This is a massive FUCK YOU to this sad extortionist."\n\nOMG what a wonderful thing to behold!!!! Bravo to you and Paris and staff. I am going to message the President of Ukraine and see if he will send you a battle hero medal which you surely deserve.\n\nThanks so much for giving us our Dread fix because although some may deny it we are all addicted to this forum.', '11ueuzy'], ['u/Next-Cartoonist-9315', 22, '2023-03-18 07:42', 'https://www.reddit.com/r/DreadAlert/comments/11ueuzy/march_18th_dread_main_onion_online_latest/jco3jt0/', "Dread:Go on ahead and getcha refund mothafucka cuz I ain't dead", '11ueuzy'], ['u/speathed', 55, '2023-03-18 09:24', 'https://www.reddit.com/r/DreadAlert/comments/11ueuzy/march_18th_dread_main_onion_online_latest/jcoallb/', "You said it's expensive at your end. \n \nPost a Monero address and let us help you.", '11ueuzy'], ['u/THE6THSENSE', 14, '2023-03-18 17:27', 'https://www.reddit.com/r/DreadAlert/comments/11ueuzy/march_18th_dread_main_onion_online_latest/jcpohtp/', 'There is a link on Dread to donate', '11ueuzy']]], ['u/Deltabagsmasher', 'Just bought my first 5K worth of Bitcoin I was planning on buying half a coin but the max it would let me transfer was 5K so I’m going to have to buy every night till I reach my 15k goal.', 145, '2023-03-18 07:07', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/', 'I’ve been on the sidelines since 2017 and this has been the most intriguing time for me to finally pull the trigger.\n-Fear of the banks \n-FOMO \n\nI think this bad boy could double in under a month.', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/', '11ug47q', [['u/sebikun', 11, '2023-03-18 08:19', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jco676y/', 'Be ready for a crash back to 15k and less and your portfolio cuts in half and sits their for a year or more and you are fine.', '11ug47q'], ['u/EazeeP', 21, '2023-03-18 08:31', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jco6zjl/', 'That max transfer limit is going to start to shrink over time. Banks do not want you to leave and buy crypto. The FOMO + scarcity is going to send btc flying', '11ug47q'], ['u/Walmart_Warrior_420', 13, '2023-03-18 09:11', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jco9r3u/', '"OK OK you win....we have increased your high interest savings rate to 0.02%" - Banks ( ͡° ͜ʖ ͡°)', '11ug47q'], ['u/BushyOreo', 17, '2023-03-18 11:37', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jcojqqi/', 'To think if you did this just a few months ago it would have given you a whole coin', '11ug47q'], ['u/NikoRNG', 121, '2023-03-18 11:49', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jcoknen/', 'I love how people don’t buy at 17-20k then it pumps 30% in a week and say “ IM ALL IN LETS GO !!! “', '11ug47q'], ['u/Fabs_-', 42, '2023-03-18 13:28', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jcot7zp/', 'It truly butters my croissant.', '11ug47q'], ['u/Duceduce54', 10, '2023-03-18 14:29', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jcozwn9/', 'But we charged you 35$ maintenance fee', '11ug47q'], ['u/Good_Extension_9642', 11, '2023-03-18 14:32', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jcp06fp/', "It's human psychology", '11ug47q'], ['u/DudeWhatThe', 10, '2023-03-18 20:50', 'https://www.reddit.com/r/Bitcoin/comments/11ug47q/just_bought_my_first_5k_worth_of_bitcoin_i_was/jcqiad3/', 'I was buying like crazy at 600 dollars and feel fomo now at 27k. Truly boggles my mind how there are so many people who are holdouts on bitcoin. They just accept that their fiat money depreciates 6% a year.', '11ug47q']]], ['u/rBitcoinMod', 'Daily Discussion, March 18, 2023', 43, '2023-03-18 07:07', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11tirz8/daily_discussion_march_17_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/', '11ug4d9', [['u/the_savior_on_time', 15, '2023-03-18 07:20', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jco1v22/', '... and suddenly, Bitcoin mutated to a risk-off asset ... in The Ides of March ;-)', '11ug4d9'], ['u/NectarineDirect936', 12, '2023-03-18 07:22', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jco21be/', 'No news coverage at all in my country.. Not a article in the papers, tv, radio or what so ever.', '11ug4d9'], ['u/Wsemenske', 23, '2023-03-18 11:01', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcoh6t8/', 'You FOMO all in now and when it drops 10%, you sell it all\n\nThis is financial advice', '11ug4d9'], ['u/Rattlesnake_Mullet', 19, '2023-03-18 12:04', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcolt36/', 'Historical Bitcoin prices for Mar 18th\n\n2023 - $27495\n\n2022 - $40623\n\n2021 - $58464\n\n2020 - $5255\n\n2019 - $3971\n\n2018 - $7649\n\n2017 - $991\n\n2016 - $413\n\n2015 - $264\n\n2014 - $617\n\n2013 - $48\n\n2012 - $5\n\n2011 - $0.77\n\nSource: https://twitter.com/BtcThis/status/1637046197331415041', '11ug4d9'], ['u/15Grepples', 11, '2023-03-18 12:40', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcoot45/', 'Not sure if my wife’s boyfriend got a raise or she’s starting to see the magic of bitcoin. But I got told I can go all in gentleman. What a magnificent time in history!!', '11ug4d9'], ['u/Affectionate_Bad8815', 10, '2023-03-18 12:47', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcopcoe/', 'Gareth Soloway - take yr yr Technical Analysis and fuck off ! One week this, nek week that, .......fuck off !', '11ug4d9'], ['u/bobbytabl3s', 20, '2023-03-18 14:04', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcox0w2/', "Dear gentlemen, it has come to my attention that:\n\nThey see me HODLin'\n\nThey hatin'", '11ug4d9'], ['u/Solid-Context-7623', 12, '2023-03-18 14:14', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcoy7ut/', 'I asked chatgpt given the current situation (and described it) which big banks are likely to fail next. It generated a list and provided good arguments why those banks would fail. Then I asked it to assume this actually happened and wanted to know how it would affect Bitcoin price:\n\n*"It\'s difficult to predict with certainty how the collapse of multiple large banks and a significant downturn in the global economy would impact the price of Bitcoin, as there are numerous factors that can influence the cryptocurrency market. However, in general, there are a few potential ways that such events could affect the price of Bitcoin:* \n*Flight to safety: In times of economic uncertainty and instability, investors may seek to move their money into assets that are perceived to be more secure or stable, such as gold or Bitcoin. This could potentially drive up the price of Bitcoin.* \n*Decreased demand: On the other hand, if the economic situation is dire enough that many investors are forced to liquidate their assets or are no longer able to invest, there may be decreased demand for Bitcoin, which could cause its price to drop.* \n*Increased institutional interest: In the past few years, we\'ve seen a growing trend of institutional investors and large corporations investing in Bitcoin as a hedge against economic instability. If the global economy experiences a significant downturn and large banks begin to collapse, this could potentially drive even more institutional interest in Bitcoin, which could in turn drive up its price.* \n*Overall, the impact of such events on the price of Bitcoin is complex and difficult to predict, but it\'s possible that Bitcoin could see a significant shift in demand and price in response to a collapse of multiple large banks and a significant downturn in the global economy."*', '11ug4d9'], ['u/Asum_chum', 11, '2023-03-18 15:43', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcp9ihq/', 'First time?', '11ug4d9'], ['u/Alfador8', 11, '2023-03-18 18:10', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcpuza3/', 'Stop-loss hunting', '11ug4d9'], ['u/DiRienzo3410', 12, '2023-03-18 18:26', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcpxeaw/', 'They get bailed out and we go up📈', '11ug4d9'], ['u/fatchinaman69', 11, '2023-03-18 18:41', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcpzjbs/', 'I severely underestimated the power of a possible Fed pivot. I shoulda bought more at 20k. Oh well 🤷\u200d♂️', '11ug4d9'], ['u/HurricaneHarvey7', 23, '2023-03-18 19:06', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcq3apk/', 'For the first time today I bought some Bitcoin because I genuinely feel worried about my dollars becoming worthless.\n\nAll the other times it felt like an investment', '11ug4d9'], ['u/Crypt0fart', 10, '2023-03-18 19:12', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcq458r/', "Honey badger doesn't care", '11ug4d9'], ['u/Llonga', 21, '2023-03-18 19:18', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcq4y5s/', 'Blocks will continue to be mined ~10 minutes apart', '11ug4d9'], ['u/Alfador8', 19, '2023-03-18 19:36', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcq7mnd/', ">WHY PUMP? \n\nThis is what Bitcoin was built for\n\n>WHEN DIP?\n\nYou're still in the dip buddy", '11ug4d9'], ['u/Acceptable_Sport6056', 11, '2023-03-18 20:02', 'https://www.reddit.com/r/Bitcoin/comments/11ug4d9/daily_discussion_march_18_2023/jcqbbpy/', '10/10 reply this guy fux', '11ug4d9']]], ['u/Beyonderr', 'Crypto sentiment is in greed territory (64/100) after spending over a year in (extreme) fear; this is the highest level of greed since November 2021, the time of all time high', 17, '2023-03-18 07:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugjvs/crypto_sentiment_is_in_greed_territory_64100/', '**The Crypto Fear & Greed Index** represents the levels of fear and greed in the crypto market. The scale varies from 0, which represents extreme fear, to 100, which represents extreme greed. This score is based on several factors, like volatility, market momentum (volume), social media sentiment, Bitcoin dominance, and Google Trends. \n\nToday, this index shows **Greed with a score of 64 out of 100**. This Greed level makes sense as Bitcoin pumped 80% since the bear market low and the entire crypto market rose 59% from the low and people are very optimistic about the market right now.\n\n[Greedy greedy!](https://preview.redd.it/6b4763j7yfoa1.png?width=640&format=png&auto=webp&v=enabled&s=9520d589da5c3dd89a8d1e809e043c955192834f)\n\nThe current sentiment is the most greedy it has been (i.e., the highest score) all the way since the November 2021, back when Bitcoin made its all time high at $69K. The current sentiment is highlighted with a green box in the chart below and the all time high period with a red box. So the last time the greed level was this high, Bitcoin was between $55K and $60K.\n\n[Fear and Greed Index over time \\(red box all time high; green box now\\)](https://preview.redd.it/2spxtl7yxfoa1.png?width=1140&format=png&auto=webp&v=enabled&s=47a861bc8725c6771b364e7e426aee1dc2469bdd)\n\nNow its time to wait for extreme greed so we can dump our bags on all the people that left during the bear market and that will buy back high.\n\n&#x200B;\n\n[The future](https://preview.redd.it/qecvj0kpzfoa1.png?width=364&format=png&auto=webp&v=enabled&s=46dbb4e2cf4a687da2bf839d8940388fdb78e646)', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugjvs/crypto_sentiment_is_in_greed_territory_64100/', '11ugjvs', [['u/Every_Hunt_160', 11, '2023-03-18 07:49', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugjvs/crypto_sentiment_is_in_greed_territory_64100/jco423e/', 'That’s actually not a good sign if we are in greed and the price isn’t even 30k\n\nI guess a small retracement could be on the cards , before we are able to make the next leg up again\n\nRegardless I don’t really try to time the markets. Just HODL and DCA in if I see the price going down !', '11ugjvs']]], ['u/R0Y-BATTY', 'Realistically- at what point are YOU calling this a bullrun ?', 180, '2023-03-18 07:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/', 'Just scrolling through Reddit and I see a poll asking if this is a bullrun or a bull trap - most of the votes are for bull trap so at what point would this be considered a bullrun? I mean sure there are going to be people that are still not convinced at $50k. Obviously we have just been through a deep bear market with many many casualties in the crypto space and many big dominoes have fallen but it’s hard to not be optimistic watching Bitcoin rise whilst the financial markets sink currently - isn’t it? \n\nIs there a point from a technical analysis perspective that we can firmly call this uptrend a bullrun and if it is a bull trap - what level would we need to see to agree it’s a failed bull trap ?', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/', '11ugoo0', [['u/Setyman', 10, '2023-03-18 07:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco3y43/', 'When Uber drivers start talking about crypto investing.', '11ugoo0'], ['u/kirtash93', 145, '2023-03-18 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco4lt4/', 'When my parents or my no crypto friends start talking or asking me about crypto.\n\nI always follow this rule: "**When your cab driver starts talking about Bitcoin, it\'s time to sell.**"', '11ugoo0'], ['u/Kappatalizable', 33, '2023-03-18 08:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco504t/', 'When we have 60k comments per day on the Daily Discussion Thread', '11ugoo0'], ['u/SeriousGains', 94, '2023-03-18 08:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco52d4/', 'Over 45k. For me that would be confirmation that we won’t see a lower low than the previous 15k low.', '11ugoo0'], ['u/hughescon', 13, '2023-03-18 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco56ay/', 'If $15.5k was the bottom, we are technically in a bull market right now.', '11ugoo0'], ['u/ultron290196', 41, '2023-03-18 08:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco57c1/', "Imagine investing in apple in 2007 and you hear people talking about iphones. You think the hype phase is in and the bullrun is over and you sell your apple stock.\n\nNow imagine if you held that stock till now. \n\nConclusion: You can't predict anything. Bitcoin could become the world reserve currency and there would be no going back. Or we continue the boom and bust cycle. No one knows the exact timeline.", '11ugoo0'], ['u/coinsRus-2021', 28, '2023-03-18 08:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco593v/', 'Interesting \n\nI follow the “**When Jim Cramer starts recommending ETH, it’s time to sell**” motto myself. And that’ll indicate the height of the bull\n\nWorked great in 2021', '11ugoo0'], ['u/MyWayToTheTop', 10, '2023-03-18 08:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco5htl/', 'I don’t know but it definitely feels bullish right now', '11ugoo0'], ['u/thekashnerd', 14, '2023-03-18 08:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco5j09/', 'If BTC goes above 30k resistance and holds as support also eth breaking 2k resistance and also alt coins pumping crazy like 40%. Just my opinion', '11ugoo0'], ['u/Magners17', 51, '2023-03-18 08:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco5jc3/', 'I don’t even think a price point necessarily means bull run. I think it’s when you start to see crypto commercials and people asking about crypto. Once we see that sort of action that’s about time when I plan my exit.', '11ugoo0'], ['u/FldLima', 21, '2023-03-18 08:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco5nni/', "I share the same. My father is the classic stock man that grew up on it. He cringes at the word Bitcoin. \n\nAs soon as he comes to me asking how he can buy it, i know it's the definition of bull run.", '11ugoo0'], ['u/GreenStretch', 40, '2023-03-18 08:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco5qha/', "It's not a bullrun until it beats the ATH. That doesn't mean that your own rate of return isn't the most important thing for you.", '11ugoo0'], ['u/ZekeTarsim', 194, '2023-03-18 08:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco5qor/', 'After the halving. Before the next one, I don’t trust any rallies. A lot of people were saying the 2020 halving was different, it won’t be like the 2016 halving and subsequent crash. It was exactly the same.\n\nLet history be our guide.', '11ugoo0'], ['u/R0Y-BATTY', 12, '2023-03-18 08:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco60pe/', 'ETH $2k is gonna be one to watch, that’s gonna be a tough level to break.', '11ugoo0'], ['u/Savi321', 13, '2023-03-18 08:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco6ntm/', "Personally, when the next Bear run happens, that's when I can confirm that this is a Bull run!", '11ugoo0'], ['u/GoodmanSimon', 35, '2023-03-18 08:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco6rns/', "First of all, it is too early to be a bull run, all market work in waves and this wave is simply too early.\n\nPlus there is still a small matter of a recession to go over. \n\nHaving said that, it is not totally unreasonable for the market to go back up now. That's not a bull run, this is just going back up from some lows. \n\nWe should be going sideways until 2024...some ups and some downs.\n\nI would like us to go back above $30k and hang around there for a couple of months. That would be a nice spot to settle on for the year. \n\nThis is neither a bull run or trap, it is just normal market patterns.", '11ugoo0'], ['u/Hawke64', 20, '2023-03-18 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco6txy/', 'People buying iPhones will generate revenue for Apple in the long term. People buying Bitcoin for a goal of selling it at a higher price, this model is not sustainable in the long run. Really comparing apples to oranges here.', '11ugoo0'], ['u/ultron290196', 29, '2023-03-18 08:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco74lb/', "Not everyone buys Bitcoin to sell at a higher fiat valuation. Your Bitcoin thesis is that of going back to the old fiat system. \n\nSome people buy BTC because they need it to protect themselves from their country's corrupt monetary regimes, have self sovereignty and have insurance for a local systemic financial collapse. \n\nI agree that majority of people still treat BTC like a get rich quick scheme. But the 78.8% of wallets not selling it back for fiat says some people are here to stay in the new system that has solved the Byzantine General's problem.", '11ugoo0'], ['u/Justin534', 11, '2023-03-18 08:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco8bp0/', 'Before I read your last sentence I was thinking "No no! That\'s when were at the top." But you knew. You knew.', '11ugoo0'], ['u/BirdSetFree', 86, '2023-03-18 09:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jco9nvs/', 'But this time is definitely going to be different', '11ugoo0'], ['u/Dwaas_Bjaas', 17, '2023-03-18 09:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jcoa71q/', 'I’ve also learned to counter trade this sub. So with everyone calling it a bull trap… 👀', '11ugoo0'], ['u/Sohelik', 26, '2023-03-18 09:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11ugoo0/realistically_at_what_point_are_you_calling_this/jcoa9cd/', 'In 1 year the sentiment of the market can changue a minimum of 365 times', '11ugoo0'], ['u/cryotosensei', 14, '2023-03-18 09:24',...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The Simpsons is set to bring back a notorious early character \x96 33 years after his last appearance. Season one of the long-running cartoon introduced a character called Jacques, in the 1990 episode \x93Life On the Fast Lane\x94. Voiced by the comedian and filmmaker Albert Brooks , Jacques was a French bowling instructor who captures the attention of Marge Simpson . Ultimately, however, Marge decides against accepting Jacques\x92 romantic advances, and remains with Homer. On Sunday (19 March), the character is set to return in a season 34 episode titled \x93Pin Girl\x94. The official synopsis for the episode reads: \x93A mysterious figure from Marge\x92s past returns to coach her for a bowling tournament.\x94 Showrunner Al Jean confirmed on social media that the \x93mysterious figure\x94 will, in fact, be Jacques, voiced again by Brooks. While this will represent the first time Brooks has returned to the role, the Modern Romance filmmaker has voiced a number of other characters on The Simpsons over the course of its run. . @TheSimpsons Don\x92t nap on new episode Sunday. Pin Gal with the return of Jacques! pic.twitter.com/XpoxICBDyA \x97 Al Jean (@AlJean) March 13, 2023 His other one-off roles include the supervillainous Hank Scorpio in the classic season eight episode \x93You Only Move Twice\x94, motivational speaker Brad Goodman in \x93Bart\x92s Inner Child\x94, and Russ Cargill in The Simpsons Movie . Jacques has appeared in a non-speaking cameo a couple of times since his original appearance, but \x93Pin Girl\x94 represents the first time the character has been brought back in a proper capacity. Earlier this year, one of the writers and former showrunners of The Simpsons explained a bizarre mistake in one of its early episodes . Last month, it was reported that an episode of the series had been removed from Disney Plus in Hong Kong due to a joke about \x93forced labour camps\x94 in China. In the episode, Marge is shown images of China\x92s Great Wall during an exercise class, when her instructor says: \x93Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones.\x94', 'The Simpsons is set to bring back a notorious early character \x96 33 years after his last appearance. Season one of the long-running cartoon introduced a character called Jacques, in the 1990 episode \x93Life On the Fast Lane\x94. Voiced by the comedian and filmmaker Albert Brooks , Jacques was a French bowling instructor who captures the attention of Marge Simpson . Ultimately, however, Marge decides against accepting Jacques\x92 romantic advances, and remains with Homer. On Sunday (19 March), the character is set to return in a season 34 episode titled \x93Pin Girl\x94. The official synopsis for the episode reads: \x93A mysterious figure from Marge\x92s past returns to coach her for a bowling tournament.\x94 Showrunner Al Jean confirmed on social media that the \x93mysterious figure\x94 will, in fact, be Jacques, voiced again by Brooks. While this will represent the first time Brooks has returned to the role, the Modern Romance filmmaker has voiced a number of other characters on The Simpsons over the course of its run. . @TheSimpsons Don\x92t nap on new episode Sunday. Pin Gal with the return of Jacques! pic.twitter.com/XpoxICBDyA \x97 Al Jean (@AlJean) March 13, 2023 His other one-off roles include the supervillainous Hank Scorpio in the classic season eight episode \x93You Only Move Twice\x94, motivational speaker Brad Goodman in \x93Bart\x92s Inner Child\x94, and Russ Cargill in The Simpsons Movie . Jacques has appeared in a non-speaking cameo a couple of times since his original appearance, but \x93Pin Girl\x94 represents the first time the character has been brought back in a proper capacity. Earlier this year, one of the writers and former showrunners of The Simpsons explained a bizarre mistake in one of its early episodes . Last month, it was reported that an episode of the series had been removed from Disney Plus in Hong Kong due to a joke about \x93forced labour camps\x94 in China. In the episode, Marge is shown images of China\x92s Great Wall during an exercise class, when her instructor says: \x93Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nAs crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe.\nEurope has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception.\nConor Ryder is a research analyst at leading crypto data firmKaiko.\nHowever, the longer it takes U.S banks to declare they’re open for crypto business – i.e., receptive to taking in some of the millions of dollars once parked at Silvergate – the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails.\nRegulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the operations of any crypto organization. For new and existing market entrants this is going to be a significant consideration.\nIn addition, it seems that U.S. policymakers are doing their best to suffocate dollar on-ramps into crypto, leaving the door wide open for the rest of the world to gain a competitive edge over the U.S.\nSee also:The Future of Crypto Markets Will Be Driven by Developments in the East/ Opinion\nWhen it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for stablecoins just hit an all-time high following the Silvergate troubles last week as investors continue to prefer stablecoins to traditional fiat. In the last year alone, stablecoins have risen from 79% of volumes to over 90%, commanding the vast majority of volumes on exchanges.\nLess of a reliance on fiat means the banking cutoff in the U.S actually directly hurts crypto investors less. Crypto investors are increasingly using stablecoins as a means of transacting, but the businesses behind the platforms traders use are not. It is these institutions themselves that will feel the brunt of a dollar (USD) cutoff first.\nHaving no access to a U.S bank means businesses such as exchanges will have to change their approach to the services they can offer. Take trading hours: If an exchange has no access to 24/7 USD payment networks, it is well within the realm of possibilities that U.S exchanges could only serve customers during U.S trading hours. In this scenario, U.S.-based investment funds could also suffer via the opportunity cost of missed trading strategies outside of trading hours.\nEuro volumes, however, are showing that one region’s pain is another’s gain. Early indicators are that the euro may be a big winner of a U.S. crypto banking cutoff, with volumes spiking for the BTC-EUR pair as the Silvergate troubles ensued. The bitcoin-euro pair hit its highest level of market share against the U.S. dollar ever, rising to 21% of BTC volumes last week from 7% in November.\nThe question now is will a U.S bank come forward and raise its hand, welcoming crypto deposits? If the answer is no, not for a while, we could see the trend of rising euro volumes continue.\nWhether a bank will raise its hand in the U.S is the million-dollar question. The bigger banks have no incentive to take on crypto deposits right now, especially with the consolidation of bigger banks we’re seeing in the banking sector.\nIt’s the smaller banks that need to attract a fresh wave of deposits as they struggle to compete with the likes of JPMorgan Chase in an ever-more oligopolistic market. In an ideal world, several smaller banks would open their doors to crypto, spreading the risk more evenly across a few different banks as opposed to all crypto deposits being concentrated in a couple of banks, as was the case before.\nHowever, the smaller banks will see Silvergate and Signature as a stark example of banks that could not diversify their deposits to a level that ensured some protection from a bank run, and it could be a while yet before we see the next batch of banks open their doors to crypto.\nThat leaves a window of opportunity for Europe, and the euro, to gain relevance in an industry they have been lacking of late.\nSee also:Banking Crisis in U.S. Likely to Push Crypto Firms Offshore/ Finance', 'Join the most important conversation in crypto and web3! Secure your seat today As crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe. Europe has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception. Conor Ryder is a research analyst at leading crypto data firm Kaiko. However, the longer it takes U.S banks to declare they\x92re open for crypto business \x96 i.e., receptive to taking in some of the millions of dollars once parked at Silvergate \x96 the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails. Regulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the operations of any crypto organization. For new and existing market entrants this is going to be a significant consideration. In addition, it seems that U.S. policymakers are doing their best to suffocate dollar on-ramps into crypto, leaving the door wide open for the rest of the world to gain a competitive edge over the U.S. See also: The Future of Crypto Markets Will Be Driven by Developments in the East / Opinion When it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for stablecoins just hit an all-time high following the Silvergate troubles last week as investors continue to prefer stablecoins to traditional fiat. In the last year alone, stablecoins have risen from 79% of volumes to over 90%, commanding the vast majority of volumes on exchanges. Story continues Less of a reliance on fiat means the banking cutoff in the U.S actually directly hurts crypto investors less. Crypto investors are increasingly using stablecoins as a means of transacting, but the businesses behind the platforms traders use are not. It is these institutions themselves that will feel the brunt of a dollar (USD) cutoff first. Having no access to a U.S bank means businesses such as exchanges will have to change their approach to the services they can offer. Take trading hours: If an exchange has no access to 24/7 USD payment networks, it is well within the realm of possibilities that U.S exchanges could only serve customers during U.S trading hours. In this scenario, U.S.-based investment funds could also suffer via the opportunity cost of missed trading strategies outside of trading hours. Euro gains Euro volumes, however, are showing that one region\x92s pain is another\x92s gain. Early indicators are that the euro may be a big winner of a U.S. crypto banking cutoff, with volumes spiking for the BTC-EUR pair as the Silvergate troubles ensued. The bitcoin-euro pair hit its highest level of market share against the U.S. dollar ever, rising to 21% of BTC volumes last week from 7% in November. The question now is will a U.S bank come forward and raise its hand, welcoming crypto deposits? If the answer is no, not for a while, we could see the trend of rising euro volumes continue. Whether a bank will raise its hand in the U.S is the million-dollar question. The bigger banks have no incentive to take on crypto deposits right now, especially with the consolidation of bigger banks we\x92re seeing in the banking sector. It\x92s the smaller banks that need to attract a fresh wave of deposits as they struggle to compete with the likes of JPMorgan Chase in an ever-more oligopolistic market. In an ideal world, several smaller banks would open their doors to crypto, spreading the risk more evenly across a few different banks as opposed to all crypto deposits being concentrated in a couple of banks, as was the case before. However, the smaller banks will see Silvergate and Signature as a stark example of banks that could not diversify their deposits to a level that ensured some protection from a bank run, and it could be a while yet before we see the next batch of banks open their doors to crypto. That leaves a window of opportunity for Europe, and the euro, to gain relevance in an industry they have been lacking of late. See also: Banking Crisis in U.S. Likely to Push Crypto Firms Offshore / Finance', "Being a crypto bull has its challenges. Even though bitcoin has surged in 2023, it's still down more than 60% from its peak of $68,789 reached in November 2021.\nBut one billionaire investor still likes the world’s largest cryptocurrency: Mark Cuban.\n• You could be the landlord of Walmart, Whole Foods and CVS(and collect fat grocery store-anchored income on a quarterly basis)\n• Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' —here are 3 better recession-proof buys\n• The “decade of lost wealth” is here — experts saythis is where $500K portfolios should invest in\n“I want Bitcoin to go down a lot further so I can buy some more,” Cuban said in a recent episode of Bill Maher’s Club Random podcast.\nMaher, who self-claims to be “very anti-bitcoin,” owns gold instead. Cuban, conversely, has no time for the yellow metal.\n“If you have gold, you're dumb as f—,” says the Shark Tank star and Dallas Mavericks owner.\nMaher argues that gold “is like a hedge against everything else” but Cuban disagrees.\n“Gold is not a hedge against anything, right? What it is is a store of value and you don't own the physical gold, do you … Gold is a store of value and so is Bitcoin,” Cuban explains.\nHe then points out why gold can’t really protect your wealth in times of crisis.\n“You don't own the gold bar, and if everything went to hell in a handbasket and you had a gold bar, you know what would happen? Someone would beat the f— out of you or kill you and take your gold bar.”\nIf you share Cuban’s view, here are a few ways to gain exposure to bitcoin.\nThe first option is the most straightforward: If you want to buy Bitcoin, just buy Bitcoin.\nThese days, many platforms allow individual investors to buy and sell crypto. Just be aware that some exchanges charge up to 4% commission fees for each transaction. So look for apps thatcharge low or even no commissions.\nWhile Bitcoin commands a five-figure price tag today, there’s no need to buy a whole coin. Most exchanges allow you tostart with as much money as you are willing to spend.\nRead more:Here's how much money the average middle-class American household makes —how do you stack up?\nExchange-traded funds have risen in popularity in recent years. They trade on stock exchanges, so buying and selling them is very convenient. And now, investors can use them to get a piece of the bitcoin action, too.\nFor instance, ProShares Bitcoin Strategy ETF (BITO) started trading on NYSE Arca in October 2021, marking the first U.S. bitcoin-linked ETF on the market. The fund holds bitcoin futures contracts that trade on the Chicago Mercantile Exchange and has an expense ratio of 0.95%.\nInvestors can also consider the Valkyrie Bitcoin Strategy ETF (BTF), which made its debut a few days after BITO. This Nasdaq-listed ETF invests in bitcoin futures contracts and charges an expense ratio of 0.95%.\nWhen companies tie some of their growth to the crypto market, their shares can often move in tandem with the coins.\nFirst, there are bitcoin miners. The computing power doesn’t come cheap and energy costs can be substantial. But if the price of bitcoin goes up, miners like Riot Blockchain (RIOT) and Hut 8 Mining (HUT) are likely to receive increased attention from investors.\nThen there are intermediaries like Coinbase Global (COIN) and PayPal (PYPL). When more people buy, sell and use crypto, these platforms stand to benefit.\nFinally, there are companies that simply hold a lot of crypto on their balance sheets.\nCase in point: enterprise software technologist MicroStrategy (MSTR). It has a market cap of under $3 billion. Yet its bitcoin count reached approximately 132,500 as of Dec. 27, 2022, a stockpile worth around $3.4 billion.\n• You could be the landlord of Walmart, Whole Foods and CVS(and collect fat grocery store-anchored income on a quarterly basis)\n• Americans are paying nearly 40% more on home insurance compared to 12 years ago —here's how to spend less on peace of mind\n• Rich young Americans have lost confidence in the stock market — and arebetting on these 3 assets instead. Get in now for strong long-term tailwinds\nThis article provides information only and should not be construed as advice. It is provided without warranty of any kind.", "Mark Cuban told Bill Maher that buying gold is ‘dumb’ — and he wants bitcoin to plunge so he can buy even more. These are 3 simple ways to gain crypto exposure Being a crypto bull has its challenges. Even though bitcoin has surged in 2023, it's still down more than 60% from its peak of $68,789 reached in November 2021. But one billionaire investor still likes the world’s largest cryptocurrency: Mark Cuban. Don't miss You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' — here are 3 better recession-proof buys The “decade of lost wealth” is here — experts say this is where $500K portfolios should invest in “I want Bitcoin to go down a lot further so I can buy some more,” Cuban said in a recent episode of Bill Maher’s Club Random podcast. Maher, who self-claims to be “very anti-bitcoin,” owns gold instead. Cuban, conversely, has no time for the yellow metal. “If you have gold, you're dumb as f—,” says the Shark Tank star and Dallas Mavericks owner. Maher argues that gold “is like a hedge against everything else” but Cuban disagrees. “Gold is not a hedge against anything, right? What it is is a store of value and you don't own the physical gold, do you … Gold is a store of value and so is Bitcoin,” Cuban explains. He then points out why gold can’t really protect your wealth in times of crisis. “You don't own the gold bar, and if everything went to hell in a handbasket and you had a gold bar, you know what would happen? Someone would beat the f— out of you or kill you and take your gold bar.” If you share Cuban’s view, here are a few ways to gain exposure to bitcoin. Buy bitcoin directly The first option is the most straightforward: If you want to buy Bitcoin, just buy Bitcoin. These days, many platforms allow individual investors to buy and sell crypto. Just be aware that some exchanges charge up to 4% commission fees for each transaction. So look for apps that charge low or even no commissions . Story continues While Bitcoin commands a five-figure price tag today, there’s no need to buy a whole coin. Most exchanges allow you to start with as much money as you are willing to spend . Read more: Here's how much money the average middle-class American household makes — how do you stack up? Bitcoin ETFs Exchange-traded funds have risen in popularity in recent years. They trade on stock exchanges, so buying and selling them is very convenient. And now, investors can use them to get a piece of the bitcoin action, too. For instance, ProShares Bitcoin Strategy ETF (BITO) started trading on NYSE Arca in October 2021, marking the first U.S. bitcoin-linked ETF on the market. The fund holds bitcoin futures contracts that trade on the Chicago Mercantile Exchange and has an expense ratio of 0.95%. Investors can also consider the Valkyrie Bitcoin Strategy ETF (BTF), which made its debut a few days after BITO. This Nasdaq-listed ETF invests in bitcoin futures contracts and charges an expense ratio of 0.95%. Bitcoin stocks When companies tie some of their growth to the crypto market, their shares can often move in tandem with the coins. First, there are bitcoin miners. The computing power doesn’t come cheap and energy costs can be substantial. But if the price of bitcoin goes up, miners like Riot Blockchain (RIOT) and Hut 8 Mining (HUT) are likely to receive increased attention from investors. Then there are intermediaries like Coinbase Global (COIN) and PayPal (PYPL). When more people buy, sell and use crypto, these platforms stand to benefit. Finally, there are companies that simply hold a lot of crypto on their balance sheets. Case in point: enterprise software technologist MicroStrategy (MSTR). It has a market cap of under $3 billion. Yet its bitcoin count reached approximately 132,500 as of Dec. 27, 2022, a stockpile worth around $3.4 billion. What to read next You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) Americans are paying nearly 40% more on home insurance compared to 12 years ago — here's how to spend less on peace of mind Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead . Get in now for strong long-term tailwinds This article provides information only and should not be construed as advice. It is provided without warranty of any kind.", "DUBAI, United Arab Emirates --News Direct-- Bybit Bybit reports a surge in volume for USDC pairs as the world’s third most visited crypto exchange ramps up efforts to meet market demands. Relying on trusted platforms to navigate the recent crypto and banking volatility, customers are turning to Bybit for its rock-solid security and market depth. Bybit’s spot market volume for USDC grew 1,437%, with USDC contribution to the total spot trading volume rising from 8% to 40%. Bybit’s perpetual market saw the daily trading volume of the USDC/USDT pair exceeding $380 million, and the annualized funding rate reaching as high as 740%. Bybit’s success is a testament to its rapidly expanding user base, and the trust traders, institutions, and investors put in the platform. Bybit’s battle-tested trading engine, proof of reserves , and sound risk management have seen the crypto exchange grow its market share throughout 2022 despite challenges — a trend that continues in 2023. To optimize the trading experience and flexibility in portfolio management, Bybit is now offering zero fees on its options contracts and zero fees on all USDC Spot pairs and major stablecoin pairs such as USDC/USDT, BUSD/USDT, DAI/USDT, and WBTC/BTC. While long-term issues affect the legacy financial system, the crypto exchange has been offering new alternatives from the world of Web3 including Bybit Wallet , which allows users to access decentralized finance apps while keeping their funds safe in custody. The newly launched Bybit Card , a debit card powered by the Mastercard network, allows users to off-ramp crypto into fiat to easily make purchases or take out cash from ATMs. The digital card is already available with preorders for the physical card commencing March 17. Bybit has also announced the plan for a new headquarters in Dubai in spring 2023. With more than 400 crypto and blockchain businesses operating in the Middle East's burgeoning digital assets hub, Bybit has taken the No.2 spot among exchanges in the region. In just under a year, Bybit has generated $33.5b in trading volume across the Middle East and North Africa and is on track to double that figure in 2023. Story continues “One thing we do well at Bybit is to Listen, Care and Improve. It is our job to be there for our customers when they need us the most. And we are able to support the surge in volumes in volatile markets because of years of building on platform integrity, fund safety, security, product integrations and risk management. We are determined to empower our customers with next-level products such as AI trading bots, easy fiat conversions, and proof of reserves,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit is the choice of reliability and transparency in times of high volatility, and these are qualities that will steer Bybit towards its goal of becoming the go-to 'Crypto Ark' for investors worldwide,” he said. #Bybit / #TheCryptoArk Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka. Contact Details Bybit [email protected] Company Website https://www.bybit.com/en-US/ View source version on newsdirect.com: https://newsdirect.com/news/bybit-reports-surge-in-trading-volume-amidst-usdc-volatility-584005273", "DUBAI, United Arab Emirates --News Direct-- Bybit Bybit reports a surge in volume for USDC pairs as the world’s third most visited crypto exchange ramps up efforts to meet market demands. Relying on trusted platforms to navigate the recent crypto and banking volatility, customers are turning to Bybit for its rock-solid security and market depth. Bybit’s spot market volume for USDC grew 1,437%, with USDC contribution to the total spot trading volume rising from 8% to 40%. Bybit’s perpetual market saw the daily trading volume of the USDC/USDT pair exceeding $380 million, and the annualized funding rate reaching as high as 740%. Bybit’s success is a testament to its rapidly expanding user base, and the trust traders, institutions, and investors put in the platform. Bybit’s battle-tested trading engine, proof of reserves , and sound risk management have seen the crypto exchange grow its market share throughout 2022 despite challenges — a trend that continues in 2023. To optimize the trading experience and flexibility in portfolio management, Bybit is now offering zero fees on its options contracts and zero fees on all USDC Spot pairs and major stablecoin pairs such as USDC/USDT, BUSD/USDT, DAI/USDT, and WBTC/BTC. While long-term issues affect the legacy financial system, the crypto exchange has been offering new alternatives from the world of Web3 including Bybit Wallet , which allows users to access decentralized finance apps while keeping their funds safe in custody. The newly launched Bybit Card , a debit card powered by the Mastercard network, allows users to off-ramp crypto into fiat to easily make purchases or take out cash from ATMs. The digital card is already available with preorders for the physical card commencing March 17. Bybit has also announced the plan for a new headquarters in Dubai in spring 2023. With more than 400 crypto and blockchain businesses operating in the Middle East's burgeoning digital assets hub, Bybit has taken the No.2 spot among exchanges in the region. In just under a year, Bybit has generated $33.5b in trading volume across the Middle East and North Africa and is on track to double that figure in 2023. Story continues “One thing we do well at Bybit is to Listen, Care and Improve. It is our job to be there for our customers when they need us the most. And we are able to support the surge in volumes in volatile markets because of years of building on platform integrity, fund safety, security, product integrations and risk management. We are determined to empower our customers with next-level products such as AI trading bots, easy fiat conversions, and proof of reserves,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit is the choice of reliability and transparency in times of high volatility, and these are qualities that will steer Bybit towards its goal of becoming the go-to 'Crypto Ark' for investors worldwide,” he said. #Bybit / #TheCryptoArk Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka. Contact Details Bybit [email protected] Company Website https://www.bybit.com/en-US/ View source version on newsdirect.com: https://newsdirect.com/news/bybit-reports-surge-in-trading-volume-amidst-usdc-volatility-584005273", 'Illustration by Mitchell Preffer for Decrypt Crypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon Valley Bank (SVB) and Signature would be made whole. As could be expected, Crypto Twitter was all over the topic, as it was last week ; but Monday’s news brought much needed closure to the industry. Prices had suffered as far back as the beginning of the month, when another bank called Silvergate—which actually transacted in crypto— delayed filing its annual 10-K report with the U.S. Securities and Exchange Commission (SEC), prompting speculation as to the state of its finances. On Monday, a day after Signature was shut down by the New York state chartering authority, popular exchange Coinbase revealed the extent of its exposure to the bank and promised that its operations were business as usual. As of close of business Friday March 10 Coinbase had an approximately $240m balance in corporate cash at Signature. As stated by the FDIC, we expect to fully recover these funds. https://t.co/XY5L7m4RMs — Coinbase (@coinbase) March 12, 2023 Over in the UK that day, British Finance Minister Jeremy Hunt announced that his ministry had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make British businesses with exposure to the bank whole. This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise — Jeremy Hunt (@Jeremy_Hunt) March 13, 2023 Crypto journalist and podcaster Jason Yanowitz tweeted a list of alternatives to the two defunct banks. Story continues Cross River has not hedged any of it\'s HTM portfolios according to it\'s own filings. Absolute disaster of a solution if I ever saw one. — Peter | פיטר | Tel Aviv Commodities (@TLVOilTrader) March 13, 2023 The banking crisis news had self-proclaimed cypherpunk @dystopiabreaker squaring the blame solely on the authorities and their antipathy to crypto. “because we personally do not like their customers” is not a valid answer to these questions — ⚡🌙 (@dystopiabreaker) March 13, 2023 Crypto venture capitalist Nic Carter, a general partner at Castle Island Ventures, said the same, using the words of Barney Frank, a former American politician, Wall Street reformer, and Signature Bank board member. Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandal https://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS — nic carter 🌠 (@nic__carter) March 13, 2023 Caitlin Long, founder of crypto bank Custodia, jumped on a tweet by Forbes crypto analyst Jason Brett and joined the chorus of disgruntled crypto fans, accusing the Fed of hypocrisy and shady practice in their repeated rebuffs of her attempts to register her own institution with them. OH MY, THE CONTRAST--Fed voted down 100%-cash reserved @custodiabank & then days later voted a bank bailout after 2 epic bank runs (as Fed Vice Chair for Supervision brags Fed-supervised banks are "well protected from bank runs" on the morning of SVB bank run). Can\'t make it up🤯 https://t.co/zFKP6iFO99 — Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) March 13, 2023 Jessica Lessin, founder of tech publication The Information , was incensed by this bit of reporting on the SVB crisis by the Wall Street Journal . She’s right. It’s substandard. For @wsj to say flat out that SVB could have failed because they added non-white men to their board shows how far behind the times (and certifiably stupid) this publication really is. It makes me so angry and very sad. WSJ readers and staff deserve better. pic.twitter.com/ppbcugJNhW — Jessica Lessin (@Jessicalessin) March 13, 2023 By Thursday, it looked like the general ire with U.S. regulators had spread as far as Europe. #BREAKING : European financial regulators are “furious” at the handling of Silicon Valley Bank by US authorities. “They tore up a rule book they helped write.” Senior Eurozone official said the US showed “total and utter incompetence” pic.twitter.com/I9BxoUKLCd — Mario Nawfal (@MarioNawfal) March 16, 2023 In other news When it became apparent that Silicon Valley Bank was in hot water, before any word of top-down intervention, consumer sentiment towards USD Coin issuer Circle was rapidly declining. Last weekend, the dollar-pegged stablecoin actually depegged by 13 cents. At least one savvy trader worked the situation to their advantage. A whale bought 17.05M $USDC with 16M $USDT during #USDC depegging and repaid the $USDC debt on #Aave . The whale made more than $1.05M! Did you guys buy $USDC at a low price during the $USDC depegging to repay the debt? https://t.co/R4GTob3vVM pic.twitter.com/QJYAr9lHcA — Lookonchain (@lookonchain) March 13, 2023 On Monday, Stephane Kasriel, a FinTech leader at Facebook and Instagram parent company Meta, announced the end of NFT integration across the company. Whatever next? Will Meta abandon the metaverse pivot it\'s been so flamboyantly preparing for? Some product news: across the company, we\'re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses. 🧵[1/5] — Stephane Kasriel (@skasriel) March 13, 2023 Avalanche founder and CEO Emin Gün Sirer announced his new post as an adviser to D.C. regulators. I\'m thrilled to have been appointed to the CFTC\'s Technical Advisory Board. I\'ll do everything I can to move the space forward, inform regulators about the latest developments in crypto, and bring the benefits of blockchains to our financial system. https://t.co/5RpC1pb8Sd — Emin Gün Sirer🔺 (@el33th4xor) March 13, 2023 Jim Cramer’s financial advice made the rounds on Tuesday, mainly for its comedy value. Holy Sh*t! Stack every sat you can. ASAP! Jim Cramer: “I would sell my bitcoin.” #bitcoin pic.twitter.com/8MzKtySzB1 — Neil Jacobs (@NeilJacobs) March 13, 2023 Coinbase’s Conor Grogan churned a smart contract through ChatGPT-4 and found multiple vulnerabilities. Grogan is not the first and he certainly won’t be the last. I dumped a live Ethereum contract into GPT-4. In an instant, it highlighted a number of security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I could exploit the contract pic.twitter.com/its5puakUW — Conor (@jconorgrogan) March 14, 2023 Republican House Majority Whip Tom Emmer (R-MN) on Wednesday shared a letter he sent to the Federal Deposit Insurance Corporation, accusing the regulator of using the banking crisis to instigate a purge on crypto-friendly institutions. Today, I sent a letter to FDIC Chairman Gruenberg regarding reports that the FDIC is weaponizing recent instability in the banking sector to purge legal crypto activity from the U.S. 👇 pic.twitter.com/fDmaA0XGWv — Tom Emmer (@GOPMajorityWhip) March 15, 2023 On Friday, Senator Elizabeth Warren tweeted some shameless and way over-the-top anti-crypto propaganda. It’s no wonder the American people are skeptical of a system that holds millions of struggling student loan borrowers in limbo but steps in overnight to ensure that billion-dollar crypto firms won’t lose a dime in deposits. — Elizabeth Warren (@ewarren) March 16, 2023 On the other end of the spectrum, pseudonymous Twitter economic commentator James Medlock and former Coinbase CTO and former Andreessen Horowitz partner Balaji Srinivasen are entering into a $1 million public bet over the prospect of U.S. hyperinflation and the possibility that it would cause the value of Bitcoin to skyrocket. I\'ll bet anyone $1 million dollars that the US does not enter hyperinflation — James Medlock (@jdcmedlock) March 16, 2023 I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation. If someone knows how to do this… https://t.co/tcuBNd679T pic.twitter.com/6Aav9KeJpe — Balaji (@balajis) March 17, 2023', 'Illustration by Mitchell Preffer for Decrypt Crypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon Valley Bank (SVB) and Signature would be made whole. As could be expected, Crypto Twitter was all over the topic, as it was last week ; but Monday’s news brought much needed closure to the industry. Prices had suffered as far back as the beginning of the month, when another bank called Silvergate—which actually transacted in crypto— delayed filing its annual 10-K report with the U.S. Securities and Exchange Commission (SEC), prompting speculation as to the state of its finances. On Monday, a day after Signature was shut down by the New York state chartering authority, popular exchange Coinbase revealed the extent of its exposure to the bank and promised that its operations were business as usual. As of close of business Friday March 10 Coinbase had an approximately $240m balance in corporate cash at Signature. As stated by the FDIC, we expect to fully recover these funds. https://t.co/XY5L7m4RMs — Coinbase (@coinbase) March 12, 2023 Over in the UK that day, British Finance Minister Jeremy Hunt announced that his ministry had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make British businesses with exposure to the bank whole. This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise — Jeremy Hunt (@Jeremy_Hunt) March 13, 2023 Crypto journalist and podcaster Jason Yanowitz tweeted a list of alternatives to the two defunct banks. Story continues Cross River has not hedged any of it\'s HTM portfolios according to it\'s own filings. Absolute disaster of a solution if I ever saw one. — Peter | פיטר | Tel Aviv Commodities (@TLVOilTrader) March 13, 2023 The banking crisis news had self-proclaimed cypherpunk @dystopiabreaker squaring the blame solely on the authorities and their antipathy to crypto. “because we personally do not like their customers” is not a valid answer to these questions — ⚡🌙 (@dystopiabreaker) March 13, 2023 Crypto venture capitalist Nic Carter, a general partner at Castle Island Ventures, said the same, using the words of Barney Frank, a former American politician, Wall Street reformer, and Signature Bank board member. Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandal https://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS — nic carter 🌠 (@nic__carter) March 13, 2023 Caitlin Long, founder of crypto bank Custodia, jumped on a tweet by Forbes crypto analyst Jason Brett and joined the chorus of disgruntled crypto fans, accusing the Fed of hypocrisy and shady practice in their repeated rebuffs of her attempts to register her own institution with them. OH MY, THE CONTRAST--Fed voted down 100%-cash reserved @custodiabank & then days later voted a bank bailout after 2 epic bank runs (as Fed Vice Chair for Supervision brags Fed-supervised banks are "well protected from bank runs" on the morning of SVB bank run). Can\'t make it up🤯 https://t.co/zFKP6iFO99 — Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) March 13, 2023 Jessica Lessin, founder of tech publication The Information , was incensed by this bit of reporting on the SVB crisis by the Wall Street Journal . She’s right. It’s substandard. For @wsj to say flat out that SVB could have failed because they added non-white men to their board shows how far behind the times (and certifiably stupid) this publication really is. It makes me so angry and very sad. WSJ readers and staff deserve better. pic.twitter.com/ppbcugJNhW — Jessica Lessin (@Jessicalessin) March 13, 2023 By Thursday, it looked like the general ire with U.S. regulators had spread as far as Europe. #BREAKING : European financial regulators are “furious” at the handling of Silicon Valley Bank by US authorities. “They tore up a rule book they helped write.” Senior Eurozone official said the US showed “total and utter incompetence” pic.twitter.com/I9BxoUKLCd — Mario Nawfal (@MarioNawfal) March 16, 2023 In other news When it became apparent that Silicon Valley Bank was in hot water, before any word of top-down intervention, consumer sentiment towards USD Coin issuer Circle was rapidly declining. Last weekend, the dollar-pegged stablecoin actually depegged by 13 cents. At least one savvy trader worked the situation to their advantage. A whale bought 17.05M $USDC with 16M $USDT during #USDC depegging and repaid the $USDC debt on #Aave . The whale made more than $1.05M! Did you guys buy $USDC at a low price during the $USDC depegging to repay the debt? https://t.co/R4GTob3vVM pic.twitter.com/QJYAr9lHcA — Lookonchain (@lookonchain) March 13, 2023 On Monday, Stephane Kasriel, a FinTech leader at Facebook and Instagram parent company Meta, announced the end of NFT integration across the company. Whatever next? Will Meta abandon the metaverse pivot it\'s been so flamboyantly preparing for? Some product news: across the company, we\'re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses. 🧵[1/5] — Stephane Kasriel (@skasriel) March 13, 2023 Avalanche founder and CEO Emin Gün Sirer announced his new post as an adviser to D.C. regulators. I\'m thrilled to have been appointed to the CFTC\'s Technical Advisory Board. I\'ll do everything I can to move the space forward, inform regulators about the latest developments in crypto, and bring the benefits of blockchains to our financial system. https://t.co/5RpC1pb8Sd — Emin Gün Sirer🔺 (@el33th4xor) March 13, 2023 Jim Cramer’s financial advice made the rounds on Tuesday, mainly for its comedy value. Holy Sh*t! Stack every sat you can. ASAP! Jim Cramer: “I would sell my bitcoin.” #bitcoin pic.twitter.com/8MzKtySzB1 — Neil Jacobs (@NeilJacobs) March 13, 2023 Coinbase’s Conor Grogan churned a smart contract through ChatGPT-4 and found multiple vulnerabilities. Grogan is not the first and he certainly won’t be the last. I dumped a live Ethereum contract into GPT-4. In an instant, it highlighted a number of security vulnerabilities and pointed out surface areas where the contract could be exploited. It then verified a specific way I could exploit the contract pic.twitter.com/its5puakUW — Conor (@jconorgrogan) March 14, 2023 Republican House Majority Whip Tom Emmer (R-MN) on Wednesday shared a letter he sent to the Federal Deposit Insurance Corporation, accusing the regulator of using the banking crisis to instigate a purge on crypto-friendly institutions. Today, I sent a letter to FDIC Chairman Gruenberg regarding reports that the FDIC is weaponizing recent instability in the banking sector to purge legal crypto activity from the U.S. 👇 pic.twitter.com/fDmaA0XGWv — Tom Emmer (@GOPMajorityWhip) March 15, 2023 On Friday, Senator Elizabeth Warren tweeted some shameless and way over-the-top anti-crypto propaganda. It’s no wonder the American people are skeptical of a system that holds millions of struggling student loan borrowers in limbo but steps in overnight to ensure that billion-dollar crypto firms won’t lose a dime in deposits. — Elizabeth Warren (@ewarren) March 16, 2023 On the other end of the spectrum, pseudonymous Twitter economic commentator James Medlock and former Coinbase CTO and former Andreessen Horowitz partner Balaji Srinivasen are entering into a $1 million public bet over the prospect of U.S. hyperinflation and the possibility that it would cause the value of Bitcoin to skyrocket. I\'ll bet anyone $1 million dollars that the US does not enter hyperinflation — James Medlock (@jdcmedlock) March 16, 2023 I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days. All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation. If someone knows how to do this… https://t.co/tcuBNd679T pic.twitter.com/6Aav9KeJpe — Balaji (@balajis) March 17, 2023', "March 19 (Reuters) - Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 72% from the year's low of $16,496 on Jan. 1.\nEther, the coin linked to the ethereum blockchain network, rose 3.58% to $1,827.2 on Sunday, adding $63.1 to its previous close. (Reporting by Urvi Dugar in Bengaluru Editing by Chris Reese)", "March 19 (Reuters) - Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 72% from the year's low of $16,496 on Jan. 1. Ether, the coin linked to the ethereum blockchain network, rose 3.58% to $1,827.2 on Sunday, adding $63.1 to its previous close. (Reporting by Urvi Dugar in Bengaluru Editing by Chris Reese)", "March 19 (Reuters) - Bitcoin rose 5.19% to $28,380 at 20:01 GMT on Sunday, adding $1,400 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 72% from the year's low of $16,496 on Jan. 1.\nEther, the coin linked to the ethereum blockchain network, rose 3.58% to $1,827.2 on Sunday, adding $63.1 to its previous close. (Reporting by Urvi Dugar in Bengaluru Editing by Chris Reese)", 'Coinbase’s former CTO Balaji Srinivasan wagered on Friday that the price of Bitcoin will benefit from a rapid devaluing of the U.S. dollar in the next three months, skyrocketing to $1 million by June 17. Srinivasan entered a bet with two individuals that same day, ponying up $1 million with the pseudonymous Twitter pundit James Medlock and another unnamed person. If Bitcoin fails to notch what would be historic gains, the two would receive $1 million in Circle’s USDC stablecoin each. The bet is part of Srinivasan’s view that the global economy is teetering on the edge of rapid change, which he dubbed “hyperbitcoinization.” He predicts the U.S. dollar will enter a point of rapid hyperinflation, and the global economy then “redenominates on Bitcoin as digital gold.” In this scenario, the market capitalization of Bitcoin—already the largest token—would increase to around $19.3 trillion from about $549 billion today, according to CoinGecko . For comparison, the value of the U.S. stock market was just over $40.5 trillion by the end of last year, according to Siblis Research . Srinivasan’s prediction comes amid a series of bank failures in the U.S. that’s injected fear and uncertainty into financial markets. And even though Bitcoin’s correlation to stock indexes like the S&P 500 and Nasdaq remains significant , some on Twitter are calling it the “The Great Decoupling” given Bitcoin’s recent surge past $28,000 as Wall Street wavers. The bold bet inspired lengthy Twitter threads from some of crypto Twitter’s most prominent voices, including Bitcoin entrepreneur and educator Jimmy Song and venture capitalist Adam Cochran, who delved into how realistic the prediction could be. Referencing the performance of cryptocurrencies during the onset of the coronavirus pandemic in 2020, Cochran said that Bitcoin would need a catalyst more extreme than that to outdo the 547% rally seen from 2020 to 2022. 3/25 The bet here, is that within 90 days, Bitcoin will reach a price of $1M USD. Or around a 3600% gain within the next 90 days. To put that in perspective, the rally from 2020 - 2022 was only 547% and the 2017 rally at far lower prices was only 1105% gain. pic.twitter.com/7OZZHXNgYX — Adam Cochran (adamscochran.eth) (@adamscochran) March 18, 2023 Story continues Cochr
**Last 60 Days of Bitcoin's Closing Prices:**
[20688.78, 21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-19
**Financial & Commodity Data:**
- Gold Closing Price: $1969.80
- Crude Oil Closing Price: $66.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $524,445,170,938
- Hash Rate: 320415242.4026988
- Transaction Count: 269131.0
- Unique Addresses: 619482.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Despite the ongoingCrypto Winter, Bitcoin supporters are certain that the future for the fledgling industry isbright. And so far this year, they’ve had reason to celebrate. Bitcoin’s price has jumped more than 25% in the past few weeks alone after a dismal 2022. ButJPMorgan ChaseCEO Jamie Dimon still isn’t a believer. At the World Economic Forum in Davos, Switzerland, on Thursday, Dimon bashed cryptocurrencies as a distraction.
“I think all that's been a waste of time and why you guys waste any breath on it is totally beyond me,” hetoldCNBC. “Bitcoin itself is a hyped up fraud. It’s a pet rock.”
This isn’t the first time Dimon has expressed his doubts about cryptocurrencies—or used a“pet rock” analogyto describe digital assets. The CEO has described Bitcoin a “fraud” since 2017; and after theblow-upof what was once the world’s second largest crypto exchange FTX late last year, he argued the entire industry was a "complete sideshow."
CNBC anchor Joe Kernen pushed back on Dimon’s claims that Bitcoin is a fraud on Thursday, arguing the cryptocurrency is a “store of value” that is “immutable” and “scarce,” noting its protocol indicates that there will only ever be 21 million coins.
“Totally untrue. How do you know it's gonna stop at 21 million? Maybe it's going to get to 21 million and Satoshi’s picture is going to come up and laugh at you all,” Dimon quipped, referencing the pseudonymSatoshi Nakamotothat was used by Bitcoin’s anonymous creator, or creators.
But while Dimon doesn’t believe in cryptocurrencies, when it comes to the blockchain technology that they're built on, he has a much more positive outlook.
“That's different,” he said on Thursday. “Blockchain is a technology ledger system that we use to move information. We've used it to do overnight repo, intraday repo, we've used it to move money, right? So that's a technology ledger that we think will be deployable.”
Dimon and JPMorgan have leaned into blockchain technology since 2017, when the bank was one of 86 firms that helped create an open-source blockchain initiative calledThe Enterprise Ethereum Alliance. And as Dimon mentioned above, the company uses its own cryptocurrency, the JPM Coin,to carry out intraday repurchase agreements. But on Thursday, Dimon noted that the financial industry has been talking about using blockchain technology for 12 years and, to this point, he said “very little has been done.”
This story was originally featured onFortune.com
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- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is pushing past $28,000 but might face some resistance at $30,000.\nInsights:What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue.\nCoinDesk Market Index (CMI)\n1,205\n+26.6▲2.3%\nBitcoin (BTC)\n$28,006\n+825.2▲3.0%\nEthereum (ETH)\n$1,780\n−2.8▼0.2%\nS&P 500\n3,916.64\n−43.6▼1.1%\nGold\n$1,980\n+9.9▲0.5%\nNikkei 225\n27,333.79\n+323.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin breaks free of its banking troubles\nGood morning, Asia.\nBitcoin is continuing its tear as Asia begins its business day.\nThe world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours.\nRemember how the decline of crypto-friendly banks was supposed to smother crypto?\nThat narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the global financial system, which has rekindled an appetite for risk assets as traditional finance (TradFi) liquidity dries up – despite shaky fiat pipelines.\nIn Asia, things are slightly different.\nDavid Bachelier, Asia-Pacific CEO of Flowdesk, points out that Singapore and the rest of Asia weren\'t really affected by the collapse of Silicon Valley Bank (SVB) and the rest of the U.S. banking crisis, but it remains uncertain if banks are going to step in and try and fill the gap.\n“SVB was a key player in providing funding and other services to high-growth companies that many Asian banks do not offer,” he told CoinDesk in a note. “This presents a critical moment for the venture industry in Asia, with an opportunity to fill the gap left by the collapse of American players."\nBachelier said that while there might not be an Asian SVB anytime soon, one thing these banks are doing is stepping up and providing fiat pipelines for crypto.\n“The recent announcement from Coinbase highlighting banking partnerships in Singapore is also interesting to note as it highlights an American company expanding further into the Asian region, suggesting the comparatively minimal disruption in response to these banking crises,” he said.\nThe question is, though, how long will this rally last?\nJoe DiPasquale, CEO of digital asset manager BitBull Capital, said bitcoin is preparing to test $30,000, but, fundamentally, support might not be there.\n“From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be [the Federal Reserve\'s Federal Open Market Committee meeting], in about [three] days, where the majority of the analysts believe we will see a 25 [basis point interest rate] hike at best,” DiPasquale told CoinDesk in via email.\nSo perhapswe won’t be hitting $1 million bitcoinby June.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.0%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.5%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.0%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nCrypto Investors\' \'Flight to Quality\'\nIn the days following the shutdown ofSilvergate bank, the collapse ofSilicon Valley Bankand thenSignature Bank, many concluded the only place crypto prices could go was down. But then the Fed intervened in the sector (just don’t call it a bailout) and bitcoin looks to be heading back toward the moon, starting the week just over $28,000, which puts it up 27% over the last week.\nOne might ask how this is possible when themarket is still predicting interest rates are going to risein March and later in May.\nIt isBank Term Funding Program (BTFP)for the win.\nWhile some, like former BitMEX CEO Arthur Hayes, have called BTFP a larger stimulus measure for bitcoin than COVID-19-induced quantitative easing, reduced liquidity appears to be a knock-on effect.\nData from CryptoQuantwould suggest that the market is as dry as it gets. Transfer volume, active addresses and transactions are all down by double digits.\nCrypto research firm Kaiko has been concerned about the lack of liquidity in order bookssince February.\n“This is a huge amount of buy pressure on the markets,” Kaiko Director of Research Clara Medalie said during a recent appearance on CoinDesk TV. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.”\nThe extent to which liquidity is a problem is up for debate, however.\nBitMEX Acting CEO Stephan Lutz downplayed concerns in a recent interview with CoinDesk. “Bitcoin’s liquidity is still very solid and sound,” he said. “We haven\'t seen people reducing their trading volumes, just the other way around, which is probably due to the fact that many of our loyal and big customers are bitcoiners.”\nIn a recent report theexchange released Monday, BitMEX plays out a scenario where risk appetite recovers as the Fed pivots on inflation. But this was written before BTFP came into the picture.\n“Even if you have another hike of interest rates, [BTFP] just floods the market with liquidity again,” he said. “Quantitative easing is back in a different disguise.”\nWhile Lutz points out that it would still be difficult to sell a large quantity of bitcoin without moving the market, sophisticated market players don’t do this and have algorithms to calculate how to split up the order to close the deal without impacting price.\n“If they really want to liquidate … it’s not an issue,” he said.\nLutz argues that bitcoin’s recent surge is a “flight to quality,” almost parallel to what you would see in traditional markets during a time of crisis.\n“You see stablecoin angst. People are going out of stables and back into bitcoin,” Lutz said, highlighting that the most recent patterns of trades he’s seen involve creating synthetic U.S. dollar equivalent positions in derivatives markets via shorts.\nThe BitMex clientele – bitcoiners at heart – would rather go into altcoins instead of U.S. dollar stablecoins.\nLiquidity doesn’t just refer to the ability of the market to absorb moves back and forth into bitcoin. It’s also about fiat-to-crypto pipes.\nLutz said BitMex wasn’t impacted by the recent U.S. tech and crypto banking crisis, largely because BitMex isn’t in the U.S. and it doesn’t offer fiat on-ramps.\nBut this was expected, really, as the exchange has always been disconnected from the fiat system – a strategy that has avoided the panic over liquidity some of its competitors were cursed with.\nParis Blockchain Week 2023\nNFT Los Angeles 2023\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilicon Valley Bank’s Former Parent Company Files for Bankruptcy; Bitcoin Flirts With $27K\nSilicon Valley Bank\'s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection Friday in the U.S. Bankruptcy Court for the Southern District of New York. Former New York State Department of Financial Services Superintendent Maria Vullo shared her reaction. Separately, bitcoin (BTC) is flirting with $27,000. Coinbase Institutional Head of Research David Duong discusses his crypto markets analysis.\nPolygon Partners With Salesforce for NFT-Based Loyalty Program:Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.\nHow Effective Altruism Power Brokers Helped Make Sam Bankman-Fried:Academic philosophers covered for Sam Bankman-Fried’s moral failings as long ago as 2018 – and reaped the rewards.\nBitcoin Is a Clear Winner of the U.S. Banking Crisis:The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk\'s George Kaloudis.\nSVB Collapse Shows the Rot in U.S. Banking and Dollars:Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.\nThe Truth About Artificial Intelligence and Creativity:Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk\'s Culture Week.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is pushing past $28,000 but might face some resistance at $30,000. Insights: What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue. Prices CoinDesk Market Index (CMI) 1,205 +26.6 ▲ 2.3% Bitcoin (BTC) $28,006 +825.2 ▲ 3.0% Ethereum (ETH) $1,780 −2.8 ▼ 0.2% S&P 500 3,916.64 −43.6 ▼ 1.1% Gold $1,980 +9.9 ▲ 0.5% Nikkei 225 27,333.79 +323.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin breaks free of its banking troubles Good morning, Asia. Bitcoin is continuing its tear as Asia begins its business day. The world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours. Remember how the decline of crypto-friendly banks was supposed to smother crypto? That narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the global financial system, which has rekindled an appetite for risk assets as traditional finance (TradFi) liquidity dries up – despite shaky fiat pipelines. In Asia, things are slightly different. David Bachelier, Asia-Pacific CEO of Flowdesk, points out that Singapore and the rest of Asia weren\'t really affected by the collapse of Silicon Valley Bank (SVB) and the rest of the U.S. banking crisis, but it remains uncertain if banks are going to step in and try and fill the gap. “SVB was a key player in providing funding and other services to high-growth companies that many Asian banks do not offer,” he told CoinDesk in a note. “This presents a critical moment for the venture industry in Asia, with an opportunity to fill the gap left by the collapse of American players." Bachelier said that while there might not be an Asian SVB anytime soon, one thing these banks are doing is stepping up and providing fiat pipelines for crypto. Story continues “The recent announcement from Coinbase highlighting banking partnerships in Singapore is also interesting to note as it highlights an American company expanding further into the Asian region, suggesting the comparatively minimal disruption in response to these banking crises,” he said. The question is, though, how long will this rally last? Joe DiPasquale, CEO of digital asset manager BitBull Capital, said bitcoin is preparing to test $30,000, but, fundamentally, support might not be there. “From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be [the Federal Reserve\'s Federal Open Market Committee meeting], in about [three] days, where the majority of the analysts believe we will see a 25 [basis point interest rate] hike at best,” DiPasquale told CoinDesk in via email. So perhaps we won’t be hitting $1 million bitcoin by June . Biggest Gainers Asset Ticker Returns DACS Sector Bitcoin BTC +3.0% Currency XRP XRP +2.5% Currency Avalanche AVAX +1.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −3.0% Entertainment Polygon MATIC −2.4% Smart Contract Platform Cosmos ATOM −0.6% Smart Contract Platform Insights Crypto Investors\' \'Flight to Quality\' In the days following the shutdown of Silvergate bank , the collapse of Silicon Valley Bank and then Signature Bank , many concluded the only place crypto prices could go was down. But then the Fed intervened in the sector ( just don’t call it a bailout ) and bitcoin looks to be heading back toward the moon, starting the week just over $28,000, which puts it up 27% over the last week. One might ask how this is possible when the market is still predicting interest rates are going to rise in March and later in May. It is Bank Term Funding Program (BTFP) for the win. While some, like former BitMEX CEO Arthur Hayes, have called BTFP a larger stimulus measure for bitcoin than COVID-19-induced quantitative easing, reduced liquidity appears to be a knock-on effect. Data from CryptoQuant would suggest that the market is as dry as it gets. Transfer volume, active addresses and transactions are all down by double digits. (CryptoQuant) Crypto research firm Kaiko has been concerned about the lack of liquidity in order books since February. “This is a huge amount of buy pressure on the markets,” Kaiko Director of Research Clara Medalie said during a recent appearance on CoinDesk TV. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.” The extent to which liquidity is a problem is up for debate, however. BitMEX Acting CEO Stephan Lutz downplayed concerns in a recent interview with CoinDesk. “Bitcoin’s liquidity is still very solid and sound,” he said. “We haven\'t seen people reducing their trading volumes, just the other way around, which is probably due to the fact that many of our loyal and big customers are bitcoiners.” In a recent report the exchange released Monday , BitMEX plays out a scenario where risk appetite recovers as the Fed pivots on inflation. But this was written before BTFP came into the picture. “Even if you have another hike of interest rates, [BTFP] just floods the market with liquidity again,” he said. “Quantitative easing is back in a different disguise.” While Lutz points out that it would still be difficult to sell a large quantity of bitcoin without moving the market, sophisticated market players don’t do this and have algorithms to calculate how to split up the order to close the deal without impacting price. “If they really want to liquidate … it’s not an issue,” he said. Lutz argues that bitcoin’s recent surge is a “flight to quality,” almost parallel to what you would see in traditional markets during a time of crisis. “You see stablecoin angst. People are going out of stables and back into bitcoin,” Lutz said, highlighting that the most recent patterns of trades he’s seen involve creating synthetic U.S. dollar equivalent positions in derivatives markets via shorts. The BitMex clientele – bitcoiners at heart – would rather go into altcoins instead of U.S. dollar stablecoins. Liquidity doesn’t just refer to the ability of the market to absorb moves back and forth into bitcoin. It’s also about fiat-to-crypto pipes. Lutz said BitMex wasn’t impacted by the recent U.S. tech and crypto banking crisis, largely because BitMex isn’t in the U.S. and it doesn’t offer fiat on-ramps. But this was expected, really, as the exchange has always been disconnected from the fiat system – a strategy that has avoided the panic over liquidity some of its competitors were cursed with. Important events Paris Blockchain Week 2023 NFT Los Angeles 2023 9:15 a.m. HKT/SGT(1:15 UTC) People\'s Bank of China Interest Rate Decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Silicon Valley Bank’s Former Parent Company Files for Bankruptcy; Bitcoin Flirts With $27K Silicon Valley Bank\'s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection Friday in the U.S. Bankruptcy Court for the Southern District of New York. Former New York State Department of Financial Services Superintendent Maria Vullo shared her reaction. Separately, bitcoin (BTC) is flirting with $27,000. Coinbase Institutional Head of Research David Duong discusses his crypto markets analysis. Headlines Polygon Partners With Salesforce for NFT-Based Loyalty Program : Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies. How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried : Academic philosophers covered for Sam Bankman-Fried’s moral failings as long ago as 2018 – and reaped the rewards. Bitcoin Is a Clear Winner of the U.S. Banking Crisis : The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk\'s George Kaloudis. SVB Collapse Shows the Rot in U.S. Banking and Dollars : Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative. The Truth About Artificial Intelligence and Creativity : Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk\'s Culture Week.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is pushing past $28,000 but might face some resistance at $30,000.\nInsights:What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue.\nCoinDesk Market Index (CMI)\n1,205\n+26.6▲2.3%\nBitcoin (BTC)\n$28,006\n+825.2▲3.0%\nEthereum (ETH)\n$1,780\n−2.8▼0.2%\nS&P 500\n3,916.64\n−43.6▼1.1%\nGold\n$1,980\n+9.9▲0.5%\nNikkei 225\n27,333.79\n+323.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin breaks free of its banking troubles\nGood morning, Asia.\nBitcoin is continuing its tear as Asia begins its business day.\nThe world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours.\nRemember how the decline of crypto-friendly banks was supposed to smother crypto?\nThat narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the global financial system, which has rekindled an appetite for risk assets as traditional finance (TradFi) liquidity dries up – despite shaky fiat pipelines.\nIn Asia, things are slightly different.\nDavid Bachelier, Asia-Pacific CEO of Flowdesk, points out that Singapore and the rest of Asia weren\'t really affected by the collapse of Silicon Valley Bank (SVB) and the rest of the U.S. banking crisis, but it remains uncertain if banks are going to step in and try and fill the gap.\n“SVB was a key player in providing funding and other services to high-growth companies that many Asian banks do not offer,” he told CoinDesk in a note. “This presents a critical moment for the venture industry in Asia, with an opportunity to fill the gap left by the collapse of American players."\nBachelier said that while there might not be an Asian SVB anytime soon, one thing these banks are doing is stepping up and providing fiat pipelines for crypto.\n“The recent announcement from Coinbase highlighting banking partnerships in Singapore is also interesting to note as it highlights an American company expanding further into the Asian region, suggesting the comparatively minimal disruption in response to these banking crises,” he said.\nThe question is, though, how long will this rally last?\nJoe DiPasquale, CEO of digital asset manager BitBull Capital, said bitcoin is preparing to test $30,000, but, fundamentally, support might not be there.\n“From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be [the Federal Reserve\'s Federal Open Market Committee meeting], in about [three] days, where the majority of the analysts believe we will see a 25 [basis point interest rate] hike at best,” DiPasquale told CoinDesk in via email.\nSo perhapswe won’t be hitting $1 million bitcoinby June.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.0%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.5%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.0%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nCrypto Investors\' \'Flight to Quality\'\nIn the days following the shutdown ofSilvergate bank, the collapse ofSilicon Valley Bankand thenSignature Bank, many concluded the only place crypto prices could go was down. But then the Fed intervened in the sector (just don’t call it a bailout) and bitcoin looks to be heading back toward the moon, starting the week just over $28,000, which puts it up 27% over the last week.\nOne might ask how this is possible when themarket is still predicting interest rates are going to risein March and later in May.\nIt isBank Term Funding Program (BTFP)for the win.\nWhile some, like former BitMEX CEO Arthur Hayes, have called BTFP a larger stimulus measure for bitcoin than COVID-19-induced quantitative easing, reduced liquidity appears to be a knock-on effect.\nData from CryptoQuantwould suggest that the market is as dry as it gets. Transfer volume, active addresses and transactions are all down by double digits.\nCrypto research firm Kaiko has been concerned about the lack of liquidity in order bookssince February.\n“This is a huge amount of buy pressure on the markets,” Kaiko Director of Research Clara Medalie said during a recent appearance on CoinDesk TV. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.”\nThe extent to which liquidity is a problem is up for debate, however.\nBitMEX Acting CEO Stephan Lutz downplayed concerns in a recent interview with CoinDesk. “Bitcoin’s liquidity is still very solid and sound,” he said. “We haven\'t seen people reducing their trading volumes, just the other way around, which is probably due to the fact that many of our loyal and big customers are bitcoiners.”\nIn a recent report theexchange released Monday, BitMEX plays out a scenario where risk appetite recovers as the Fed pivots on inflation. But this was written before BTFP came into the picture.\n“Even if you have another hike of interest rates, [BTFP] just floods the market with liquidity again,” he said. “Quantitative easing is back in a different disguise.”\nWhile Lutz points out that it would still be difficult to sell a large quantity of bitcoin without moving the market, sophisticated market players don’t do this and have algorithms to calculate how to split up the order to close the deal without impacting price.\n“If they really want to liquidate … it’s not an issue,” he said.\nLutz argues that bitcoin’s recent surge is a “flight to quality,” almost parallel to what you would see in traditional markets during a time of crisis.\n“You see stablecoin angst. People are going out of stables and back into bitcoin,” Lutz said, highlighting that the most recent patterns of trades he’s seen involve creating synthetic U.S. dollar equivalent positions in derivatives markets via shorts.\nThe BitMex clientele – bitcoiners at heart – would rather go into altcoins instead of U.S. dollar stablecoins.\nLiquidity doesn’t just refer to the ability of the market to absorb moves back and forth into bitcoin. It’s also about fiat-to-crypto pipes.\nLutz said BitMex wasn’t impacted by the recent U.S. tech and crypto banking crisis, largely because BitMex isn’t in the U.S. and it doesn’t offer fiat on-ramps.\nBut this was expected, really, as the exchange has always been disconnected from the fiat system – a strategy that has avoided the panic over liquidity some of its competitors were cursed with.\nParis Blockchain Week 2023\nNFT Los Angeles 2023\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilicon Valley Bank’s Former Parent Company Files for Bankruptcy; Bitcoin Flirts With $27K\nSilicon Valley Bank\'s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection Friday in the U.S. Bankruptcy Court for the Southern District of New York. Former New York State Department of Financial Services Superintendent Maria Vullo shared her reaction. Separately, bitcoin (BTC) is flirting with $27,000. Coinbase Institutional Head of Research David Duong discusses his crypto markets analysis.\nPolygon Partners With Salesforce for NFT-Based Loyalty Program:Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.\nHow Effective Altruism Power Brokers Helped Make Sam Bankman-Fried:Academic philosophers covered for Sam Bankman-Fried’s moral failings as long ago as 2018 – and reaped the rewards.\nBitcoin Is a Clear Winner of the U.S. Banking Crisis:The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk\'s George Kaloudis.\nSVB Collapse Shows the Rot in U.S. Banking and Dollars:Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.\nThe Truth About Artificial Intelligence and Creativity:Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk\'s Culture Week.', 'By Hannah Lang\nWASHINGTON (Reuters) - The dollar slid on Monday as investors reacted to UBS\' cut-price takeover of its beleaguered rival Credit Suisse CSGN.S.\nUBS UBSG.S agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities. The U.S. dollar index =USD - which measures the currency against six major peers - was last down 0.501% at 103.270 the day after the merger was announced, touching its lowest level since Feb. 15.\nMeanwhile, growth assets such as bitcoin BTC= enjoyed a bounce. The world\'s largest cryptocurrency hit a nine-month high on Monday and last rose 4.62% to $28,065.00.\n"I think whenever people feel like you don\'t have to do a flight to quality, the dollar is going to take a hit," said Thomas Anderson, managing director at moneycorp North America.\nAlso weighing on the dollar are concerns about regional U.S. banks, despite several large banks depositing $30 billion last week into First Republic Bank FRC.N, the U.S. lender drawing the most unease from investors. First Republic shares tumbled as much as 50% on Monday and were last down about 39%.\n"In particular, there are risks developing, or at least some degree of uncertainty, with the regional U.S. banks that I think are weighing on U.S. assets at this point as well," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto.\nUnder the UBS-Credit Suisse deal, holders of $17 billion of Credit Suisse Additional Tier-1 (AT1) bonds will be wiped out. That angered some of the holders of the debt, who thought they would be better protected than shareholders, and unnerved investors in other banks\' AT1 bonds.\nThe euro was last up 0.54% against the dollar at $1.0724, while the British pound GBP= was last trading at $1.2281, up 0.87% on the day.\nThe dollar CHF= rose 0.24% against the Swiss franc at 0.928.\nGraphic: Fed currency swaps have seen little recent use https://www.reuters.com/graphics/USA-FED/SWAPS/jnpwyjwonpw/chart_eikon.jpg\nALL EYES ON THE FED\nThe Federal Reserve\'s latest decision on interest rate hikes is due on Wednesday and adds an additional layer of uncertainty for investors.\nRates currently stand at 4.5% to 4.75%. Traders now expect a peak in rates in May at around 4.8%, followed by a steady series of cuts into the end of the year, but will be closely watching the forecast for future rate moves that the Fed is expected to unveil on Wednesday.\n"The path of least regret, at least from our view, is to keep (forecasts) consistent with where they were in December. Given that the risks have now risen to the domestic financial sector, I think that\'s probably the prudent course of action for them," Rai said.\nThe Japanese yen JPY= - long seen as a safe haven at times of stress - strengthened 0.28% versus the greenback at 131.47 per dollar.\nAustralia\'s dollar AUD= rose 0.33% versus the greenback at $0.672, while the Canadian dollar rose 0.52% versus the greenback at 1.37 per dollar.\n(Reporting by Hannah Lang in Washington; Editing by Ed Osmond, Christina Fincher, Andrea Ricci and Alison Williams)', 'By Hannah Lang WASHINGTON (Reuters) - The dollar slid on Monday as investors reacted to UBS\' cut-price takeover of its beleaguered rival Credit Suisse CSGN.S. UBS UBSG.S agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities. The U.S. dollar index =USD - which measures the currency against six major peers - was last down 0.501% at 103.270 the day after the merger was announced, touching its lowest level since Feb. 15. Meanwhile, growth assets such as bitcoin BTC= enjoyed a bounce. The world\'s largest cryptocurrency hit a nine-month high on Monday and last rose 4.62% to $28,065.00. "I think whenever people feel like you don\'t have to do a flight to quality, the dollar is going to take a hit," said Thomas Anderson, managing director at moneycorp North America. Also weighing on the dollar are concerns about regional U.S. banks, despite several large banks depositing $30 billion last week into First Republic Bank FRC.N, the U.S. lender drawing the most unease from investors. First Republic shares tumbled as much as 50% on Monday and were last down about 39%. "In particular, there are risks developing, or at least some degree of uncertainty, with the regional U.S. banks that I think are weighing on U.S. assets at this point as well," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. Under the UBS-Credit Suisse deal, holders of $17 billion of Credit Suisse Additional Tier-1 (AT1) bonds will be wiped out. That angered some of the holders of the debt, who thought they would be better protected than shareholders, and unnerved investors in other banks\' AT1 bonds. The euro was last up 0.54% against the dollar at $1.0724, while the British pound GBP= was last trading at $1.2281, up 0.87% on the day. The dollar CHF= rose 0.24% against the Swiss franc at 0.928. Story continues Graphic: Fed currency swaps have seen little recent use https://www.reuters.com/graphics/USA-FED/SWAPS/jnpwyjwonpw/chart_eikon.jpg ALL EYES ON THE FED The Federal Reserve\'s latest decision on interest rate hikes is due on Wednesday and adds an additional layer of uncertainty for investors. Rates currently stand at 4.5% to 4.75%. Traders now expect a peak in rates in May at around 4.8%, followed by a steady series of cuts into the end of the year, but will be closely watching the forecast for future rate moves that the Fed is expected to unveil on Wednesday. "The path of least regret, at least from our view, is to keep (forecasts) consistent with where they were in December. Given that the risks have now risen to the domestic financial sector, I think that\'s probably the prudent course of action for them," Rai said. The Japanese yen JPY= - long seen as a safe haven at times of stress - strengthened 0.28% versus the greenback at 131.47 per dollar. Australia\'s dollar AUD= rose 0.33% versus the greenback at $0.672, while the Canadian dollar rose 0.52% versus the greenback at 1.37 per dollar. (Reporting by Hannah Lang in Washington; Editing by Ed Osmond, Christina Fincher, Andrea Ricci and Alison Williams)', 'By Hannah Lang WASHINGTON (Reuters) - The dollar slid on Monday as investors reacted to UBS\' cut-price takeover of its beleaguered rival Credit Suisse CSGN.S. UBS UBSG.S agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities. The U.S. dollar index =USD - which measures the currency against six major peers - was last down 0.501% at 103.270 the day after the merger was announced, touching its lowest level since Feb. 15. Meanwhile, growth assets such as bitcoin BTC= enjoyed a bounce. The world\'s largest cryptocurrency hit a nine-month high on Monday and last rose 4.62% to $28,065.00. "I think whenever people feel like you don\'t have to do a flight to quality, the dollar is going to take a hit," said Thomas Anderson, managing director at moneycorp North America. Also weighing on the dollar are concerns about regional U.S. banks, despite several large banks depositing $30 billion last week into First Republic Bank FRC.N, the U.S. lender drawing the most unease from investors. First Republic shares tumbled as much as 50% on Monday and were last down about 39%. "In particular, there are risks developing, or at least some degree of uncertainty, with the regional U.S. banks that I think are weighing on U.S. assets at this point as well," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. Under the UBS-Credit Suisse deal, holders of $17 billion of Credit Suisse Additional Tier-1 (AT1) bonds will be wiped out. That angered some of the holders of the debt, who thought they would be better protected than shareholders, and unnerved investors in other banks\' AT1 bonds. The euro was last up 0.54% against the dollar at $1.0724, while the British pound GBP= was last trading at $1.2281, up 0.87% on the day. The dollar CHF= rose 0.24% against the Swiss franc at 0.928. Story continues Graphic: Fed currency swaps have seen little recent use https://www.reuters.com/graphics/USA-FED/SWAPS/jnpwyjwonpw/chart_eikon.jpg ALL EYES ON THE FED The Federal Reserve\'s latest decision on interest rate hikes is due on Wednesday and adds an additional layer of uncertainty for investors. Rates currently stand at 4.5% to 4.75%. Traders now expect a peak in rates in May at around 4.8%, followed by a steady series of cuts into the end of the year, but will be closely watching the forecast for future rate moves that the Fed is expected to unveil on Wednesday. "The path of least regret, at least from our view, is to keep (forecasts) consistent with where they were in December. Given that the risks have now risen to the domestic financial sector, I think that\'s probably the prudent course of action for them," Rai said. The Japanese yen JPY= - long seen as a safe haven at times of stress - strengthened 0.28% versus the greenback at 131.47 per dollar. Australia\'s dollar AUD= rose 0.33% versus the greenback at $0.672, while the Canadian dollar rose 0.52% versus the greenback at 1.37 per dollar. (Reporting by Hannah Lang in Washington; Editing by Ed Osmond, Christina Fincher, Andrea Ricci and Alison Williams)', 'By Hannah Lang WASHINGTON (Reuters) - The dollar slid on Monday as investors reacted to UBS\' cut-price takeover of its beleaguered rival Credit Suisse CSGN.S. UBS UBSG.S agreed to buy Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities. The U.S. dollar index =USD - which measures the currency against six major peers - was last down 0.501% at 103.270 the day after the merger was announced, touching its lowest level since Feb. 15. Meanwhile, growth assets such as bitcoin BTC= enjoyed a bounce. The world\'s largest cryptocurrency hit a nine-month high on Monday and last rose 4.62% to $28,065.00. "I think whenever people feel like you don\'t have to do a flight to quality, the dollar is going to take a hit," said Thomas Anderson, managing director at moneycorp North America. Also weighing on the dollar are concerns about regional U.S. banks, despite several large banks depositing $30 billion last week into First Republic Bank FRC.N, the U.S. lender drawing the most unease from investors. First Republic shares tumbled as much as 50% on Monday and were last down about 39%. "In particular, there are risks developing, or at least some degree of uncertainty, with the regional U.S. banks that I think are weighing on U.S. assets at this point as well," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. Under the UBS-Credit Suisse deal, holders of $17 billion of Credit Suisse Additional Tier-1 (AT1) bonds will be wiped out. That angered some of the holders of the debt, who thought they would be better protected than shareholders, and unnerved investors in other banks\' AT1 bonds. The euro was last up 0.54% against the dollar at $1.0724, while the British pound GBP= was last trading at $1.2281, up 0.87% on the day. The dollar CHF= rose 0.24% against the Swiss franc at 0.928. Story continues Graphic: Fed currency swaps have seen little recent use https://www.reuters.com/graphics/USA-FED/SWAPS/jnpwyjwonpw/chart_eikon.jpg ALL EYES ON THE FED The Federal Reserve\'s latest decision on interest rate hikes is due on Wednesday and adds an additional layer of uncertainty for investors. Rates currently stand at 4.5% to 4.75%. Traders now expect a peak in rates in May at around 4.8%, followed by a steady series of cuts into the end of the year, but will be closely watching the forecast for future rate moves that the Fed is expected to unveil on Wednesday. "The path of least regret, at least from our view, is to keep (forecasts) consistent with where they were in December. Given that the risks have now risen to the domestic financial sector, I think that\'s probably the prudent course of action for them," Rai said. The Japanese yen JPY= - long seen as a safe haven at times of stress - strengthened 0.28% versus the greenback at 131.47 per dollar. Australia\'s dollar AUD= rose 0.33% versus the greenback at $0.672, while the Canadian dollar rose 0.52% versus the greenback at 1.37 per dollar. (Reporting by Hannah Lang in Washington; Editing by Ed Osmond, Christina Fincher, Andrea Ricci and Alison Williams)', "Join the most important conversation in crypto and web3! Secure your seat today\nThe U.S. Federal Reserve on Sundayannouncedit had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system.\nThe Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting the Fed from downside risks. In a swap, a foreign central bank swaps its own currency for an equivalent amount of U.S. dollars from the Fed at the market exchange rate. After a pre-determined time, the bank returns the dollars it borrowed, with interest, to the Fed.\nThe move is aimed at calming exchange rate volatility and avoiding strains in the supply of credit to households and businesses worldwide. It comes on the heels of blowups of three banks in the U.S. and the takeover of troubled Swiss-lender Credit Suisse by UBS and Swiss National Bank.\nIt shows heightened financial stability concerns among policymakers and questions the Fed's ability to continue hiking rates. The central bank has lifted the borrowing cost by 450 basis points since March 2022, roiling asset markets, including cryptocurrencies, last year.\nMore importantly, the Fed's backstopping of the global dollar liquidity reduces the risk of a worldwide dash for cash – investors selling everything, including bitcoin and other cryptocurrencies, and moving to cash, predominantly the U.S. dollar. During turmoil, investors typically sell risk assets and park money in cash, preferably the dollar. That drives up the cost of acquiring U.S. dollars, leading to stress in the financial system.\nIn other words, the increased frequency of swap lines has cleared the way for an unabated rise in risk assets, including bitcoin. The leading cryptocurrency by market value is largely seen as ahedge againstthe banking system and hit a nine-month high above $28,000 late Sunday, taking the cumulative month-to-date gains to nearly 25%, CoinDesk data show.\nThe dollar swap lines have been bearish for the dollar in the past. Bitcoin and risk assets, in general, tend to move in the opposite direction of the greenback.\nThe last global dash for cash observed during the coronavirus-led crash of March 2020 saw the dollar index surge above 100 and bitcoin nosedive by over 50%.", "Join the most important conversation in crypto and web3! Secure your seat today The U.S. Federal Reserve on Sunday announced it had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system. The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting the Fed from downside risks. In a swap, a foreign central bank swaps its own currency for an equivalent amount of U.S. dollars from the Fed at the market exchange rate. After a pre-determined time, the bank returns the dollars it borrowed, with interest, to the Fed. The move is aimed at calming exchange rate volatility and avoiding strains in the supply of credit to households and businesses worldwide. It comes on the heels of blowups of three banks in the U.S. and the takeover of troubled Swiss-lender Credit Suisse by UBS and Swiss National Bank. It shows heightened financial stability concerns among policymakers and questions the Fed's ability to continue hiking rates. The central bank has lifted the borrowing cost by 450 basis points since March 2022, roiling asset markets, including cryptocurrencies, last year. More importantly, the Fed's backstopping of the global dollar liquidity reduces the risk of a worldwide dash for cash – investors selling everything, including bitcoin and other cryptocurrencies, and moving to cash, predominantly the U.S. dollar. During turmoil, investors typically sell risk assets and park money in cash, preferably the dollar. That drives up the cost of acquiring U.S. dollars, leading to stress in the financial system. In other words, the increased frequency of swap lines has cleared the way for an unabated rise in risk assets, including bitcoin. The leading cryptocurrency by market value is largely seen as a hedge against the banking system and hit a nine-month high above $28,000 late Sunday, taking the cumulative month-to-date gains to nearly 25%, CoinDesk data show. Story continues The dollar peaked after the Fed opened swap lines in March 2020. (Fred.stlouis.org) The dollar swap lines have been bearish for the dollar in the past. Bitcoin and risk assets, in general, tend to move in the opposite direction of the greenback. The last global dash for cash observed during the coronavirus-led crash of March 2020 saw the dollar index surge above 100 and bitcoin nosedive by over 50%. Dollar liquidity swap lines opened up on March 19th. BTC kicked off its rally from that point. Btw, there was hardly any correlation with EurodollR futures, it was totally spurious, but good to get some cogs turning 😂 https://t.co/NV5RKCncGl pic.twitter.com/o0bbOJJpFQ — David Belle (@davidbelle_) May 8, 2020", "Join the most important conversation in crypto and web3! Secure your seat today\nThe U.S. Federal Reserve on Sundayannouncedit had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system.\nThe Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting the Fed from downside risks. In a swap, a foreign central bank swaps its own currency for an equivalent amount of U.S. dollars from the Fed at the market exchange rate. After a pre-determined time, the bank returns the dollars it borrowed, with interest, to the Fed.\nThe move is aimed at calming exchange rate volatility and avoiding strains in the supply of credit to households and businesses worldwide. It comes on the heels of blowups of three banks in the U.S. and the takeover of troubled Swiss-lender Credit Suisse by UBS and Swiss National Bank.\nIt shows heightened financial stability concerns among policymakers and questions the Fed's ability to continue hiking rates. The central bank has lifted the borrowing cost by 450 basis points since March 2022, roiling asset markets, including cryptocurrencies, last year.\nMore importantly, the Fed's backstopping of the global dollar liquidity reduces the risk of a worldwide dash for cash – investors selling everything, including bitcoin and other cryptocurrencies, and moving to cash, predominantly the U.S. dollar. During turmoil, investors typically sell risk assets and park money in cash, preferably the dollar. That drives up the cost of acquiring U.S. dollars, leading to stress in the financial system.\nIn other words, the increased frequency of swap lines has cleared the way for an unabated rise in risk assets, including bitcoin. The leading cryptocurrency by market value is largely seen as ahedge againstthe banking system and hit a nine-month high above $28,000 late Sunday, taking the cumulative month-to-date gains to nearly 25%, CoinDesk data show.\nThe dollar swap lines have been bearish for the dollar in the past. Bitcoin and risk assets, in general, tend to move in the opposite direction of the greenback.\nThe last global dash for cash observed during the coronavirus-led crash of March 2020 saw the dollar index surge above 100 and bitcoin nosedive by over 50%.", 'Bitcoin jumped over the weekend to briefly breach US$28,000 in a bullish trend that extended into Monday morning trading in Asia and helped send most of the top 10 non-stablecoin cryptocurrencies higher. Bitcoin led the gainers amid growing concern about the state of the global banking industry. Several central banks over the weekend said they would coordinate an effort to pump cash into markets to ensure liquidity. This after Swiss authorities orchestrated an emergency weekend takeover of global investment bank Credit Suisse by UBS, which in turn followed a series of bank failures in the U.S. this month. See related article: Weekly Market Wrap: Bitcoin rises above US$26,000, as \x91store of value\x92 narrative strengthens amid bank failures Fast facts Bitcoin rose 2.96% in the past 24 hours to US$27,929 at 09:00 a.m. in Hong Kong to post a weekly gain of 23.24%, according to CoinMarketCap data . The world\x92s largest cryptocurrency has surged more than 66% from the start of the year and briefly traded above US$28,000 at the weekend, breaking that ceiling for the first time since June 12 last year. The main driver behind Bitcoin\x92s gains is concern about the fragile economic landscape in the U.S., Kadan Stadelmann, chief technical officer of blockchain infrastructure development firm Komodo, told Forkast on Friday. \x93The Federal Reserve embarked upon a many-trillion dollar quantitative easing program, cut the minimum bank reserves from 10% to 0% on March 26, 2020, and led us into the current bout with inflation, which has led people to seek alternative ways to preserve wealth. Bitcoin has become a prominent option,\x93 wrote Stadelmann. Ether dipped 0.02% to US$1,777, but is up 9.24% over the past seven days. XRP rose 2.61% to US$0.3874, up 3.04% for the week. Paul Grewal, chief legal officer at Coinbase, hinted in an interview with Thinking Crypto last Friday that Coinbase might relist XRP. Polygon\x92s Matic token fell 2.30% to US$1.16, slashing its gain for the week to just 0.23%, even after Polygon Labs unveiled a partnership with enterprise software giant Salesforce last Thursday to develop NFT-based loyalty programs. The bank turmoil dominated moves in capital markets and may force the Federal Reserve to revise its monetary policy of raising interest rates, adding to inflation risks and prompting more investors to see Bitcoin as a safe haven, according to a Bloomberg News report on Monday. The total crypto market capitalization rose 1.46% in the past 24 hours to US$1.17 trillion. Total trading volume over the last 24 hours dipped 2.70% to US$65.76 billion. Worries about the banking industry drove U.S. equities lower on Friday. The Dow Jones Industrial Average dropped 1.19%, the S&P 500 fell 1.10%, and the Nasdaq Composite Index moved 0.74% lower. Shares in First Republic Bank fell 3
**Last 60 Days of Bitcoin's Closing Prices:**
[21086.79, 22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-20
**Financial & Commodity Data:**
- Gold Closing Price: $1979.20
- Crude Oil Closing Price: $67.64
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $535,868,035,875
- Hash Rate: 333405049.5271326
- Transaction Count: 341288.0
- Unique Addresses: 725399.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.66
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin surged above $22.5K after Federal regulators said they'd cover failed SIVB's customer deposits; ether and other altcoins also revive Insights: Lurking behind Silicon Valley Bank failure is the real sick man of American finance: small banks Prices CoinDesk Market Index (CMI) 1,052 +82.0 ▲ 8.4% Bitcoin (BTC) $22,482 +1921.8 ▲ 9.3% Ethereum (ETH) $1,614 +140.9 ▲ 9.6% S&P 500 3,861.59 −56.7 ▼ 1.4% Gold $1,880 +18.1 ▲ 1.0% Nikkei 225 28,143.97 −479.2 ▼ 1.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Investors Buoyed by Regulators' Statement Send Cryptos Higher After a nerve-wracking Thursday and Friday, crypto investors took heart over the weekend from a decision by Federal regulators to restore all deposits at failed Silicon Valley Bank (SIVB) in full and an announcement by fintech Circle to cover any of its stablecoin USDC reserves. Bitcoin was recently trading at $22,482, up more than 9.3% over the past 24 hours. The largest cryptocurrency had plunged below $20,000 early Friday (UTC) as SIVB customers withdrew their money en masse, spurring the California Department of Financial Protection and Innovation to shutter the institution, a central player in the world's technology sector. SIVB's failure is the second largest in U.S. history. In a joint statement on Sunday, U.S. Treasury Secretary Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg, said that after weighing FDIC and Federal Reserve recommendations and consulting with U.S. President Joe Biden, Yellen had "approved actions enabling the FDIC to complete actions in a manner that fully protects all depositors" at SIVB. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the statement read. Mark Connors, head of research at crypto asset manager 3iQ, called the agencies' action "risk asset friendly at first blush" in a weekly report, although he noted warily, "Too many moving parts and M2 [monetary aggregate of currency and coins, savings deposits and shares in mutual money market funds] STILL contracting." Story continues But Connors also added: "The Fed continues to extend their control on markets. What they announced this evening is the equivalent of guaranteeing overnight bank deposits in 2008." Ether also regained ground to change hands at $1,614, up 9.6% from Saturday, same time. Other major cryptocurrencies that were hard-stricken last week as the impact on the crypto industry from SIVB's collapse became apparent also rebounded over the weekend, with their main surge coming on Sunday. APT, the token of layer 1 protocol Aptos, and ADA, the native crypto of Ethereum rival Cardano were up more than 13% and 11%, respectively. The CoinDesk Market Index , a measure of overall market performance, was down almost 10%. On Saturday, payments technology company Circle Internet Financial said it would “cover any shortfall” in the assets backing its stablecoin USDC in the event it does not receive the entirety of a $3.3 billion cash reserve it was holding at Silicon Valley Bank. In a blog post , Circle said it “will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary.” The value of the stablecoin fell as low as $0.88 before the announcement, but was currently trading above $.99 cents. U.S. stocks were swept up in banking sector worries with the tech-heavy Nasdaq and S&P 500 declining 1.8% and 1.4%, respectively. The S&P finished down 5% for the week, its worst weekly performance since September 2022. As trading opened in Asia, the Nikkei 225 and Taiwan TSEC 50 Index were down slightly. 3iQ's Connors wrote that long-term the regulatory action to safeguard customers' assets would continue a "game of regulatory whack-a-mole" leading to, among other affects, a continued consolidation of the banking industry and the acceleration of stablecoin regulation. "Outcome TBD," Connors wrote. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +22.1% Entertainment Loopring LRC +17.5% Smart Contract Platform Avalanche AVAX +13.3% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights SIVB Collapse Shows Why Small Banks Are Vulnerable Silicon Valley Bank (SIVB) has been shuttered by state regulators. The Federal Deposit Insurance Corporation (FDIC) is racing to ensure that as much money as possible is available to SIVB clients when the market opens Monday. Late last week, Silvergate Bank, a major fiat on and off-ramp for the crypto market, announced it was engaging in voluntary liquidation and shutting down, creating market panic. Its chief competitor, Signature, was seized by regulators over the weekend. While SIVB serviced some crypto companies, it didn’t service exchanges like Silvergate or Signature. The Federal Reserve defines SIVB as a large bank (these institutions have over $50 billion in deposits), and Silvergate as a small bank. Some have said should the FDIC not act decisively on Monday contagion will spread throughout the broader banking sector. Already, runs are beginning on First Republic Bank and other regional players. Fundamentally, this crisis isn’t about crypto. The performance of tech companies – considered a risky asset – in a high-interest rate environment played a part, but it wasn’t everything either. It’s about how small banks fared during stimulus-heavy Covid. These small banks aren’t as well known as SIVB, but like Silvergate, specialize in serving an industry or niche. They are also the ones that power fintechs. Cross River Bank (assets $9.9 billion) is the financial plumbing behind Coinbase, Stripe and Affirm. Evolve Bank & Trust (assets $1.3 billion) is the bank behind Wise and Dave. These small banks like the arrangement because it diversifies their client base away from the usual local businesses that bank with small, regional institutions. Tech startups, which move fast and break things, prefer to use small banks rather than traditional big banks . There’s a belief that they understand each other, and would get a more personalized, attentive experience rather than having an account with one of America’s largest banks. But in turn, this means that these small banks – which power fintechs – are overly exposed to the tech sector. Covid, the curve, and small banks In 2020, small banks saw a massive influx of cash assets onto their balance sheets partly because of fiscal stimulus and the Fed’s asset purchases, which usually are geared toward an industry niche. As Covid’s impact on the economy wore off, cash supply turned into loans, and since September 2021, the growth in cash assets on small bank balance sheets has turned negative. Throughout 2022, small bank lending increased while growth in cash assets stayed negative. “Banks are now sitting with reserves pretty much at their lowest comfort level — especially small banks,” TS Lombard economist Steven Blitz wrote in a February note . “[Small banks] are more aggressive in lending and in borrowing short-term liabilities to fund themselves.” Given the size of these institutions, and the lack of cash on hand compared to larger banks, Blitz writes that their borrowing was more aggressive. In addition, their small size meant they didn’t have the same level of regulation as their larger counterparts. Fitz explains that post-Covid borrowings included advances from Federal Home Loan Banks (FHLBs), designed to provide stop-gap liquidity , or from the Fed’s discount window , usually reserved for emergencies. “Small banks, many of which are private and therefore have no shareholder concerns regarding the optics of borrowing from the discount window, have consequently shifted to using the Fed’s discount window facility,” Blitz wrote. Both Silvergate and SIVB had large advances from FHLBs on the balance sheet. In the case of Silvergate, it ended 2022 with $4.3 billion of FHLB money on the balance sheet. This figure increased dramatically from the $700 million it had at the end of September 2022 because it needed to support its cash position in the face of rapid withdrawals post-FTX collapse. Days before its collapse, it said the loans were fully repaid – further depleting its balance sheet. Withstanding spikes in the cost of borrowing Lending long and borrowing short has been the model for banks since the beginning of time, but an inverted yield curve contradicts this. An inverted yield curve occurs when short-term interest rates exceed long-term rates – an anomaly, as lending money for the long-term should fetch a higher interest rate for the lender. At press time, the two-year Treasury note yielded a whole percentage point more than the 10-year note. The two-year yield has increased by 300 basis points to 4.82% in 12 months. The dramatic increase in the cost of borrowing for these banks makes their lives difficult, coupled with a very tech-specific deposit flight as investors prefer high-yield short-term bonds over risky tech and crypto. Startups aren’t raising new money given this environment and burning what they have to stay afloat. (Silicon Valley Bank) Silicon Valley Bank identified this as a problem in its Q1-23 mid-quarter update. FRED data shows the same is happening at these small banks that power startup-friendly fintechs. What’s going to happen if a deal to save SVIB, the mothership of tech startup finance doesn’t come to fruition? Or, if depositors only get 40-50% of their money back? It’s going to be a tech deep-freeze. Beware small banks. “The gov’t has about 48 hours to fix a soon-to-be-irreversible mistake,” Pershing Square CEO Bill Ackman tweeted on the weekend . “These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions.” “Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week,” he continued. Important events. SXSW Conference and Festivals (Austin, Texas) 3:00 p.m. HKT/SGT(7:00 UTC) Eurogroup Meeting 7:30 a.m. HKT/SGT(23:30 UTC) Australia Westpac Consumer Confidence (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin, Ether Tumble as New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit Is ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest by market cap, an investment security? Penn State Dickinson Law Professor Tonya Evans joined "First Mover" to discuss. Plus, Bitwise Crypto Analyst Ryan Rasmussen shared his crypto markets reaction as U.S. payrolls rose 311,000 in February. And, Rosetta Analytics co-founder Angelo Calvello weighed in on the collapse of crypto-friendly Silvergate Bank. Headlines Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally: The company plans to use corporate resources to fill the gap, including external capital. Silicon Valley Bank Depositors Will Have Access to "All" Funds Monday, Say Federal Regulators: “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” a joint statement read. Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank : Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank. A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed : Every U.S. bank is facing similar structural pressures to what drove crypto’s one-time favorite bank to the moon and then into the ground. Signature Bank Stock Down 12% in Volatile Action as Sell-Off Continues : The broader banking sector is down another 4% on Friday. On-Chain Liquidations Beckon as Ether Slumps to 2-Month Low : A total of $119 million in on-chain positions are at risk of being liquidated if ether slides by another 20%. How U.S. Judges Might Save Crypto From the SEC : Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk's chief content officer....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Crypto trading and market making firm Auros, a victim of crypto exchange FTX’s bankruptcy , has overcome its liquidity struggles, Chief Investment Officer Benjamin Roth told CoinDesk in an interview. Auros was released from a court-supervised provisional liquidation last week after a major debt restructuring, and secured a $17 million fresh investment led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining company Bit Digital (BTBT). The turn of events comes after months of behind-the-scenes maneuvering to keep the firm running following the implosion of crypto exchange FTX , which wiped out multiple crypto firms and caused painful losses at some trading companies . Before the FTX crash, Auros was among the top 10 to 15 digital asset market makers, handling about 1% to 2% of the total crypto trading volume, according to the company. The firm encountered liquidity troubles in November when some $20 million of its digital assets were stuck on now-defunct FTX and Auros missed payments on some $18 million of decentralized finance ( DeFi ) loans. After filing for provisional liquidation on the British Virgin Islands, the firm spent about five months under court supervision negotiating how to repay its outstanding debt and make its creditors whole. Roth said the company is leaving the FTX shock behind. “We\'re the same company that we were pre-FTX,” he said. Read more: These Crypto Market Makers Were Wary of FTX Before Collapse Navigating FTX fallout After FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repay all of its desperate creditors. “We were in a position where we didn\'t have enough liquid funds to meet all of those open term loans,” Roth said. Story continues The Auros management decided not to repay any of the lenders at the time and voluntarily filed for provisional liquidation with the British Virgin Islands (BVI) court as an intermediary between lenders and Auros. “We weren\'t paying immediately because our intention was to pay back everything,” according to Roth. “We\'ve been profitable, so it really was just a matter of buying time to ensure that creditors were all treated fairly and equally.” The BVI assisted in restructuring all outstanding Auros debt, converting outstanding open-term loans – credit lines without a repayment deadline – to termed loans with maturity. As for the some $18 million of DeFi loans, the firm already repaid 55% of its debt on blockchain-based credit platform Maple , and spread the rest to nine-month and three-month loans, CoinDesk reported last month. Roth declined to disclose details about the restructured debt to centralized lenders citing contractual obligations. Auros received the sealed court order from the BVI judge terminating the provisional liquidation process last Wednesday, according to the firm’s spokesperson. Auros ran a lean business, cognizant that crypto markets have been cyclical, but Roth said he was “laser-focused” on finding additional cost savings in recent months. The firm’s main cost-cutting measure was dramatically reducing Amazon Web Service costs and rethinking data center management – trading businesses need extensive cloud computing capacity to run trading algorithms – to rein in operational costs. It also eliminated staff redundancies and laid off some workers. The firm currently employs about 55 people globally. Strategic investment Roth said that before FTX’s fall, Auros was already prepared to raise capital, and that the court supervision complicated the fundraising efforts. “It accelerated the requirement to raise but slowed the process because every decision had to go through the provisional liquidators,” he said. The investment by Vivienne Court means the Australia-based traditional trading firm will have exposure to digital asset trading. “They were not in crypto, and they were thinking of getting into crypto,” Roth said about the investment. Marcel Klooss, co-founder of Vivienne Court, said in a statement that "our two firms have complementary skill sets and unique attributes that will generate sustained synergies." The second-largest investor, the Nasdaq-listed BitDigital, will double as a client and strategic partner for the new derivatives solutions business Auros is expanding to provide yield and protection offerings to clients. For BitDigital and other miners that manage a large treasury of cash and digital assets such as bitcoin ( BTC ) and ether ( ETH ), Auros will help them hedge on forward production and earn high yields on their holdings by creating options structures. "The team’s deep derivatives background and expertise across technology and finance also bring the necessary capabilities to cater to our growing business needs," Samir Tabar, Bit Digital\'s chief strategy officer, said in a statement. Other investors in the round include asset manager and blockchain tech developer Trovio, venture capital investment firm Primal Capital, trading firm Epoch Capital and a group of senior and former traders of proprietary trading and market making firm Optiver. Marcel Klooss and Bit Digital\'s co-founder Hughes Ching will join Auros’ board of directors. Auros’ capital raise comes as investments into crypto businesses have mostly evaporated following a year-long bear market. The investment round was important as Roth expects consolidation in the crypto industry this year. “A lot of small players will just disappear,” Roth said. “It\'s not easy out there to make money at the moment, even if you are big and sophisticated.” UPDATE (March 21, 1:00 UTC): Added details and comments about the investment.', 'Join the most important conversation in crypto and web3! Secure your seat today\nCrypto trading and market making firm Auros, a victim of crypto exchangeFTX’s bankruptcy, has overcome its liquidity struggles, Chief Investment Officer Benjamin Roth told CoinDesk in an interview.\nAuros was released from a court-supervised provisional liquidation last week after a major debt restructuring, and secured a $17 million fresh investment led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining companyBit Digital(BTBT).\nThe turn of events comes after months of behind-the-scenes maneuvering to keep the firm running following theimplosion of crypto exchange FTX, which wiped outmultiplecryptofirmsand caused painful losses at sometradingcompanies.\nBefore the FTX crash, Auros was among the top 10 to 15 digital asset market makers, handling about 1% to 2% of the total crypto trading volume, according to the company. The firm encountered liquidity troubles in November when some $20 million of its digital assets were stuck on now-defunct FTX and Aurosmissed paymentson some $18 million of decentralized finance (DeFi) loans.\nAfter filing for provisional liquidation on the British Virgin Islands, the firm spent about five months under court supervision negotiating how to repay its outstanding debt and make its creditors whole. Roth said the company is leaving the FTX shock behind.\n“We\'re the same company that we were pre-FTX,” he said.\nRead more:These Crypto Market Makers Were Wary of FTX Before Collapse\nAfter FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repay all of its desperate creditors.\n“We were in a position where we didn\'t have enough liquid funds to meet all of those open term loans,” Roth said.\nThe Auros management decided not to repay any of the lenders at the time and voluntarily filed for provisional liquidation with the British Virgin Islands (BVI) court as an intermediary between lenders and Auros.\n“We weren\'t paying immediately because our intention was to pay back everything,” according to Roth. “We\'ve been profitable, so it really was just a matter of buying time to ensure that creditors were all treated fairly and equally.”\nThe BVI assisted in restructuring all outstanding Auros debt, converting outstanding open-term loans – credit lines without a repayment deadline – to termed loans with maturity. As for the some $18 million of DeFi loans, thefirm already repaid55% of its debt on blockchain-based credit platformMaple, and spread the rest to nine-month and three-month loans, CoinDesk reported last month. Roth declined to disclose details about the restructured debt to centralized lenders citing contractual obligations.\nAuros received the sealed court order from the BVI judge terminating the provisional liquidation process last Wednesday, according to the firm’s spokesperson.\nAuros ran a lean business, cognizant that crypto markets have been cyclical, but Roth said he was “laser-focused” on finding additional cost savings in recent months.\nThe firm’s main cost-cutting measure was dramatically reducing Amazon Web Service costs and rethinking data center management – trading businesses need extensive cloud computing capacity to run trading algorithms – to rein in operational costs. It also eliminated staff redundancies and laid off some workers. The firm currently employs about 55 people globally.\nRoth said that before FTX’s fall, Auros was already prepared to raise capital, and that the court supervision complicated the fundraising efforts. “It accelerated the requirement to raise but slowed the process because every decision had to go through the provisional liquidators,” he said.\nThe investment by Vivienne Court means the Australia-based traditional trading firm will have exposure to digital asset trading.\n“They were not in crypto, and they were thinking of getting into crypto,” Roth said about the investment.\nMarcel Klooss, co-founder of Vivienne Court, said in a statement that "our two firms have complementary skill sets and unique attributes that will generate sustained synergies."\nThe second-largest investor, the Nasdaq-listed BitDigital, will double as a client and strategic partner for the new derivatives solutions business Auros is expanding to provide yield and protection offerings to clients. For BitDigital and other miners that manage a large treasury of cash and digital assets such as bitcoin (BTC) and ether (ETH), Auros will help them hedge on forward production and earn high yields on their holdings by creating options structures.\n"The team’s deep derivatives background and expertise across technology and finance also bring the necessary capabilities to cater to our growing business needs," Samir Tabar, Bit Digital\'s chief strategy officer, said in a statement.\nOther investors in the round include asset manager and blockchain tech developer Trovio, venture capital investment firm Primal Capital, trading firm Epoch Capital and a group of senior and former traders of proprietary trading and market making firm Optiver.\nMarcel Klooss and Bit Digital\'s co-founder Hughes Ching will join Auros’ board of directors.\nAuros’ capital raise comes asinvestments into crypto businesses have mostly evaporatedfollowing a year-long bear market.\nThe investment round was important as Roth expects consolidation in the crypto industry this year.\n“A lot of small players will just disappear,” Roth said. “It\'s not easy out there to make money at the moment, even if you are big and sophisticated.”\nUPDATE (March 21, 1:00 UTC):Added details and comments about the investment.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin is starting the Asia trading day in the red for the first time in a while.\nInsights: The crypto venture capital industry is experiencing a mini bull market.\nCoinDesk Market Index (CMI)\n1,188\n−16.2▼1.3%\nBitcoin (BTC)\n$28,006\n+63.9▲0.2%\nEthereum (ETH)\n$1,760\n−17.1▼1.0%\nS&P 500\n3,951.57\n+34.9▲0.9%\nGold\n$1,982\n+12.4▲0.6%\nNikkei 225\n26,945.67\n−388.1▼1.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nIs Bitcoin’s Rally Coming to an End?\nGood morning, Asia, here’s how the markets are beginning the East’s trading day.\nBitcoin is beginning the trading day in the red, down 0.63% to $27,805. Ether is down 2.5% to $1,741.\nThe big question on everyone’s mind is, of course, interest rates.\nIn a recent note, Goldman Sachs Chief Economist David Mericle said the U.S. Federal Reserve will pause interest rate hikes because of stress on the banking system.\n“While policymakers have responded aggressively to shore up the financial system, markets appear to be less than fully convinced that efforts to support small and midsize banks will prove sufficient,” Mericle wrote. “We think Fed officials will therefore share our view that stress in the banking system remains the most immediate concern for now.”\nDelphi Digital co-founder Tom Shaughnessy says the market is giving off mixed signals. While many say the possibility of the Fed pausing rate hikes is a bullish signal for bitcoin, the reality might be something else entirely.\n“The data suggests that once the Fed stops raising or pivots, that’s historically when markets sell off,” he said on a recent CoinDesk TV appearance. “I think the rally is less about the Fed pausing and more about liquidity pressures or surpluses there.”\nData from CryptoQuantmight back up Shaughnessy’s thesis. ItsAdjusted Output Profit Ratiogauge, which tracks the profitability of HODLers, shows that more investors are selling at a profit. In the middle of a bull market, this can indicate a market top.\nAt the same time, its Net Unrealized Profit and Loss shows that investors are in an anxiety phase, where they have moderate unrealized profits.\nAll eyes are going to be on the Fed’s next announcement to see if it\'s bullish or bearish for bitcoin.\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+3.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+2.1%", "DACS Sector": "Computing"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.1%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.3%", "DACS Sector": "Entertainment"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22124.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}]\nCrypto VC Funding Was Resilient in the Bear Market; It’s Now Powering Through This Mini-Bull Cycle.\nCrypto winter was a harsh and cold one for venture capital deals.A report from CoinDeskin January painted a bleak picture for VC activity: down 91% year over year.\nBut spring has sprung, and crypto is once again rallying. Themacroeconomic environment has gone a little weird, andbitcoin has $30,000 in its sights.\nCrypto VC funding is coming right back with it.\nData fromCryptoRank.ioshows that a rebound is taking place.\n“Despite the inherent volatility of the cryptocurrency market, venture capitalists remain undeterred and continue to pour significant investments into the industry, recognizing its immense potential for long-term growth,” CryptoRank’s analyst team said in a note prepared for CoinDesk.\nCryptoRank’s analysts say the VC market’s confidence is reinforced by the substantial increase in the number of funding rounds observed in recent months, which the analysts say indicates the burgeoning interest and optimism within the industry.\n“Many funds reported losses in 2022 and now have to reduce their investment activity,” the analysts said in their note. “Other VCs, which were more cautious in their investments last year, are now taking the opportunity to use the preserved capital.\nIn the days before Silvergate’s collapse, bitcoin wasstuck between Silvergate and China. The impending loss of crypto’s go-to bank dragged down prices, adding sell pressure, while theChina narrative of Hong Kong relaxing regulations on institutional and retail tradingpulled it up.\nAnd thenthe Bank Term Funding Program (BTFP) happened, with amajor money print from the Fed.\nRisk assets are suddenly back in play.\nBanking remains a challenge but other financial institutions are stepping up to the plate, some of which are outside of the U.S. and out of reach of its regulatory regime.\nFor VCs, this is a separate and unique issue; they need a bank familiar with the sector. Crypto and tech startups as well as small VC funds are turned down by many banks because they are deemed as not worth the risk.\n“The problem has far wider implications than the temporary depegging of stablecoins. We expect to see a decline in VC activity, which will have a knock-on effect on crypto fundraising,” the analysts wrote in their note. “SVB provided one of the most popular banking infrastructures for VC investors. Now they will have to look for new opportunities, but the pressure on crypto-friendly banks is a significant red flag.”\nThis might be Singapore’s time to shine. It’s understood that banks with U.S. dollar (USD) rails will step up and fill the gap. DBS is thought to be a contender, given that itruns a crypto exchange. Or, it might be something entirely different.\n“VC fundraising for crypto is driven by a younger generation of alternative fund managers breaking away from TradFi institutions to raise their own capital in Asia,” said Katherine Ng, managing director of TZ APAC, Asia’s leading Tezos blockchain Incubator.\nFor now, U.S. banks still dominate the sector and have outsized influence on all regions. But it could be time for other institutions to step up.\n8:30 a.m. HKT/SGT(00:30 UTC)Reserve Bank of Australia Meeting Minutes\n8:30 p.m. HKT/SGT(12:30 UTC)European Central Bank President Lagarde Speech\n8:30 p.m. HKT/SGT(12:30 UTC)Bank of Canada Consumer Price Index Core (YoY/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Breaks Above $28K; New York Community Bank Buying Large Chunk of Failed Signature Bank\nNoncrypto-related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday, according to the FDIC. Custodia Bank founder and CEO Caitlin Long reacted. Plus, former White House National Security Council Director of Cybersecurity and Secure Digital Innovation Carole House discussed her new role on the CFTC\'s Technology Advisory Committee.\nU.S. Supreme Court to Hear First Crypto Case Tuesday:Coinbase is asking the high court to pause a pair of class-action lawsuits as the exchange attempts to force the plaintiffs into arbitration.\nDigital Asset Outflows Continue for 6th Week Despite Bitcoin Price Surge:The data may reflect investors’ need for liquidity during the banking crisis, a CoinShares report says.\nCredit Suisse’s Buyout Shows Banks Still Have a Banking Problem:Bitcoin and crypto aren\'t unraveling the banks.\nCrypto.com Moves Closer to an Operational License in Dubai:The platform is now in the second stage of a three-state licensing process.\nOpen Interest in Bitcoin Futures Hits Yearly High of $12B:An uptick in open interest alongside a price rally is said to confirm an uptrend.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is starting the Asia trading day in the red for the first time in a while. Insights: The crypto venture capital industry is experiencing a mini bull market. Prices CoinDesk Market Index (CMI) 1,188 −16.2 ▼ 1.3% Bitcoin (BTC) $28,006 +63.9 ▲ 0.2% Ethereum (ETH) $1,760 −17.1 ▼ 1.0% S&P 500 3,951.57 +34.9 ▲ 0.9% Gold $1,982 +12.4 ▲ 0.6% Nikkei 225 26,945.67 −388.1 ▼ 1.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is Bitcoin’s Rally Coming to an End? Good morning, Asia, here’s how the markets are beginning the East’s trading day. Bitcoin is beginning the trading day in the red, down 0.63% to $27,805. Ether is down 2.5% to $1,741. The big question on everyone’s mind is, of course, interest rates. In a recent note , Goldman Sachs Chief Economist David Mericle said the U.S. Federal Reserve will pause interest rate hikes because of stress on the banking system. “While policymakers have responded aggressively to shore up the financial system, markets appear to be less than fully convinced that efforts to support small and midsize banks will prove sufficient,” Mericle wrote. “We think Fed officials will therefore share our view that stress in the banking system remains the most immediate concern for now.” Delphi Digital co-founder Tom Shaughnessy says the market is giving off mixed signals. While many say the possibility of the Fed pausing rate hikes is a bullish signal for bitcoin, the reality might be something else entirely. “The data suggests that once the Fed stops raising or pivots, that’s historically when markets sell off,” he said on a recent CoinDesk TV appearance. “I think the rally is less about the Fed pausing and more about liquidity pressures or surpluses there.” Data from CryptoQuant might back up Shaughnessy’s thesis. Its Adjusted Output Profit Ratio gauge, which tracks the profitability of HODLers, shows that more investors are selling at a profit. In the middle of a bull market, this can indicate a market top. Story continues (CryptoQuant) At the same time, its Net Unrealized Profit and Loss shows that investors are in an anxiety phase, where they have moderate unrealized profits. (CryptoQuant) All eyes are going to be on the Fed’s next announcement to see if it\'s bullish or bearish for bitcoin. Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +3.6% Smart Contract Platform Chainlink LINK +2.1% Computing Bitcoin BTC +0.1% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −6.3% Entertainment Cosmos ATOM −4.8% Smart Contract Platform Decentraland MANA −4.2% Entertainment Insights Crypto VC Funding Was Resilient in the Bear Market; It’s Now Powering Through This Mini-Bull Cycle. Crypto winter was a harsh and cold one for venture capital deals. A report from CoinDesk in January painted a bleak picture for VC activity: down 91% year over year. But spring has sprung, and crypto is once again rallying. The macroeconomic environment has gone a little weird , and bitcoin has $30,000 in its sights . Crypto VC funding is coming right back with it. Data from CryptoRank.io shows that a rebound is taking place. (CryptoRank.io) “Despite the inherent volatility of the cryptocurrency market, venture capitalists remain undeterred and continue to pour significant investments into the industry, recognizing its immense potential for long-term growth,” CryptoRank’s analyst team said in a note prepared for CoinDesk. CryptoRank’s analysts say the VC market’s confidence is reinforced by the substantial increase in the number of funding rounds observed in recent months, which the analysts say indicates the burgeoning interest and optimism within the industry. “Many funds reported losses in 2022 and now have to reduce their investment activity,” the analysts said in their note. “Other VCs, which were more cautious in their investments last year, are now taking the opportunity to use the preserved capital. Banking will remain a challenge In the days before Silvergate’s collapse, bitcoin was stuck between Silvergate and China . The impending loss of crypto’s go-to bank dragged down prices, adding sell pressure, while the China narrative of Hong Kong relaxing regulations on institutional and retail trading pulled it up. And then the Bank Term Funding Program (BTFP) happened , with a major money print from the Fed . Risk assets are suddenly back in play. Banking remains a challenge but other financial institutions are stepping up to the plate, some of which are outside of the U.S. and out of reach of its regulatory regime. For VCs, this is a separate and unique issue; they need a bank familiar with the sector. Crypto and tech startups as well as small VC funds are turned down by many banks because they are deemed as not worth the risk. “The problem has far wider implications than the temporary depegging of stablecoins. We expect to see a decline in VC activity, which will have a knock-on effect on crypto fundraising,” the analysts wrote in their note. “SVB provided one of the most popular banking infrastructures for VC investors. Now they will have to look for new opportunities, but the pressure on crypto-friendly banks is a significant red flag.” This might be Singapore’s time to shine. It’s understood that banks with U.S. dollar (USD) rails will step up and fill the gap. DBS is thought to be a contender, given that it runs a crypto exchange . Or, it might be something entirely different. “VC fundraising for crypto is driven by a younger generation of alternative fund managers breaking away from TradFi institutions to raise their own capital in Asia,” said Katherine Ng, managing director of TZ APAC, Asia’s leading Tezos blockchain Incubator. For now, U.S. banks still dominate the sector and have outsized influence on all regions. But it could be time for other institutions to step up. Important events 8:30 a.m. HKT/SGT(00:30 UTC) Reserve Bank of Australia Meeting Minutes 8:30 p.m. HKT/SGT(12:30 UTC) European Central Bank President Lagarde Speech 8:30 p.m. HKT/SGT(12:30 UTC) Bank of Canada Consumer Price Index Core (YoY/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Breaks Above $28K; New York Community Bank Buying Large Chunk of Failed Signature Bank Noncrypto-related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, as of Monday, according to the FDIC. Custodia Bank founder and CEO Caitlin Long reacted. Plus, former White House National Security Council Director of Cybersecurity and Secure Digital Innovation Carole House discussed her new role on the CFTC\'s Technology Advisory Committee. Headlines U.S. Supreme Court to Hear First Crypto Case Tuesday : Coinbase is asking the high court to pause a pair of class-action lawsuits as the exchange attempts to force the plaintiffs into arbitration. Digital Asset Outflows Continue for 6th Week Despite Bitcoin Price Surge : The data may reflect investors’ need for liquidity during the banking crisis, a CoinShares report says. Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem : Bitcoin and crypto aren\'t unraveling the banks. Crypto.com Moves Closer to an Operational License in Dubai : The platform is now in the second stage of a three-state licensing process. Open Interest in Bitcoin Futures Hits Yearly High of $12B : An uptick in open interest alongside a price rally is said to confirm an uptrend.', 'The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February. After a long and difficult consideration, we have decided to close down SpankPay, our crypto payment processor that we built as a safe haven for our community. Rest assured your money is safe and we’ll get it to you as soon as possible. — SpankPay (@SpankPay) March 20, 2023 SpankPay asserted that its contract was singled out. “This was a targeted shutdown by Wyre because their new payment processor, Checkout.com, doesn’t work with adult businesses,” the company tweeted . “This came as a shock, seeing as our relationship with Wyre had been supportive and respectful up until this point.” Spankchain, an adult industry blockchain, launched SpankPay in August 2019 "as a safe haven for our community," allowing fans to pay for adult content instantly and discreetly using Bitcoin, Ethereum, Litecoin, and Monero. The service later expanded to include other coins. Pornhub: Now Accepting Crypto Only SpankPay has faced an uphill battle to find other service provider options to provide financial services to a business catering to the adult industry. “We have been looking for options since we got that letter,” SpankPay advisor Allie Knox told Decrypt in an interview. “We looked for other payment processors, and no one wants to take us, or if they want to take us, their fees are insanely high.” Knox says that while it is no longer feasible to run SpankPay, the team will shift focus to its other products and, more importantly, focus on changing the legislative problems that cause this issue. “We can build the tech, but it’s still a political issue,” Knox said. “It’s not solving these social issues, these political issues that are still happening. So we’re gonna go to the root.” Story continues The push for this legislative change began in December as Knox joined Spankchain founder Ameen Soleimani and a group of delegates from the Free Speech Coalition in Washington, D.C., to meet with Democrat and Republican lawmakers about the discrimination the industry faces. “We’re going to [provide] more education and teach sex workers how to use crypto—we haven’t turned our backs on crypto at all,” Knox said. “We just need this shit to get fixed.” Porn-Friendly Platform OnlyFans Adopts Ethereum NFT Profiles The adult industry has a long history of conflict with the traditional financial system, which forces many—from individual content creators like Knox to entire platforms like Pornhub—to turn to cryptocurrency. In December 2020, the adult website Pornhub began accepting cryptocurrency after Visa and Mastercard blocked customers from using their credit cards to pay for its premium service. The decision came down after the Canada-based company was the focus of a scathing article by the New York Times that pointed out the presence of child pornography and sexual assault on the site. Pornhub has since made significant policy changes to clamp down on these videos. “Operating SpankPay in a hostile banking environment has always been challenging,” SpankPay tweeted. “But the escalating attacks have become untenable for our small team and the niche market we serve.” In the tweet thread announcing the closure, SpankPay said it is working on getting users’ money to them as soon as possible, and encouraged users to create crypto wallets and “explore personal financial sovereignty.” “With SpankPay being discriminated against due to the nature of our business, we’re as motivated as ever to end these extra-legal censorship practices enforced by financial institutions. Thank you for being part of our community. The fight goes on.”', 'The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February.\nSpankPay asserted that its contract was singled out.\n“This was a targeted shutdown by Wyre because their new payment processor, Checkout.com, doesn’t work with adult businesses,” the companytweeted. “This came as a shock, seeing as our relationship with Wyre had been supportive and respectful up until this point.”\nSpankchain, an adult industry blockchain, launched SpankPay in August 2019 "as a safe haven for our community," allowing fans to pay for adult content instantly and discreetly using Bitcoin, Ethereum, Litecoin, and Monero. The service later expanded to include other coins.\nPornhub: Now Accepting Crypto Only\nSpankPay has faced an uphill battle to find other service provider options to provide financial services to a business catering to the adult industry.\n“We have been looking for options since we got that letter,” SpankPay advisor Allie Knox toldDecryptin an interview. “We looked for other payment processors, and no one wants to take us, or if they want to take us, their fees are insanely high.”\nKnox says that while it is no longer feasible to run SpankPay, the team will shift focus to its other products and, more importantly, focus on changing the legislative problems that cause this issue.\n“We can build the tech, but it’s still a political issue,” Knox said. “It’s not solving these social issues, these political issues that are still happening. So we’re gonna go to the root.”\nThe push for this legislative change began in December as Knox joined Spankchain founder Ameen Soleimani and a group of delegates from the Free Speech Coalition in Washington, D.C., to meet with Democrat and Republican lawmakers about the discrimination the industry faces.\n“We’re going to [provide] more education and teach sex workers how to use crypto—we haven’t turned our backs on crypto at all,” Knox said. “We just need this shit to get fixed.”\nPorn-Friendly Platform OnlyFans Adopts Ethereum NFT Profiles\nThe adult industry has a long history of conflict with the traditional financial system, which forces many—from individual content creators like Knox to entire platforms like Pornhub—to turn to cryptocurrency.\nIn December 2020, the adult websitePornhubbegan accepting cryptocurrency after Visa and Mastercard blocked customers from using their credit cards to pay for its premium service. The decision came down after the Canada-based company was the focus of a scathing article by theNew York Timesthat pointed out the presence of child pornography and sexual assault on the site. Pornhub has since made significant policy changes to clamp down on these videos.\n“Operating SpankPay in a hostile banking environment has always been challenging,” SpankPay tweeted. “But the escalating attacks have become untenable for our small team and the niche market we serve.”\nIn the tweet thread announcing the closure, SpankPay said it is working on getting users’ money to them as soon as possible, and encouraged users to create crypto wallets and “explore personal financial sovereignty.”\n“With SpankPay being discriminated against due to the nature of our business, we’re as motivated as ever to end these extra-legal censorship practices enforced by financial institutions. Thank you for being part of our community. The fight goes on.”', 'Bitcoin traded flat below the US$28,000 mark on Tuesday morning in Asia, while Ether and most other top 10 non-stablecoin cryptocurrencies retreated after a week of gains amid worries about bank failures. Polkadot led the losers, while Solana rose. U.S. equities rebounded on Monday as financial authorities added liquidity to markets and announced other measures to ease concern about weakness in the global banking system . Investor focus now shifts back to inflation as the Federal Reserve announces its interest rate decision on Wednesday. See related article: Over 80 Web3 firms in line to set up shop in HK, ahead of crypto regulations taking effect in June Fast facts Bitcoin edged up 0.04% in the past 24 hours to US$27,920 at 09:00 a.m. in Hong Kong, moving up 15.00% for the last seven days, according to CoinMarketCap data . The world\x92s largest cryptocurrency hit a nine-month high of US$28,527 on Monday. Ether dropped 1.32% to US$1,753, holding a weekly gain of 4.72%. The token hasn\x92t kept up with the gains in Bitcoin as the Shanghai hard fork that will allow withdrawals of staked ether is now expected on April 12 , or in about three weeks, and the analysis is mixed on whether this could generate fresh selling of the token by investors looking to lock in profits. Polkadot led the losers with a 4.18% drop and traded at US$6.16 to remain flat for the seven days. Apart from Bitcoin, Solana was the only top 10 non-stablecoin cryptocurrency that rose in the 24 hour period. The token added 3.13% to US$22.57 for a weekly gain of 10.80%. Solana Foundation concluded Grizzlython over the weekend, the largest decentralized app (dapp) competition held by Solana. More than 800 projects were\xa0submitted and the winners will be announced in early April. The total crypto market capitalization dropped 0.73% in the past 24 hours to US$1.16 trillion. Total trading volume over the last 24 hours rose 16.78% to US$76.81 billion. The U.S. equities rebounded on Monday as fears of more bank failures eased. The Dow Jones Industrial Average rose 1.20%, the S&P 500 added 0.89%, and the Nasdaq Composite Index edged 0.39% higher. Investors welcomed moves by authorities over the weekend to orchestrate the takeovers of Signature Bank and Credit Suisse . The share price of New York Community Bancorp, which will acquire Signature Bank, jumped 31.65% . Shares in UBS Group AG, rose 3.30% after it bought Credit Suisse, according to data from Yahoo Finance. Despite the overall stabilization, the share price of the embattled First Republic Bank slumped 47.11% on Monday, after S&P Global downgraded the bank\x92s credit rating on Sunday for a second time in five days, and said the recent US$30 billion injection from other major U.S. banks may not be enough to resolve Republic Bank\x92s \x93substantial business, liquidity, funding, and profitability challenges.\x94 Some commentators have said the banking problems can be partly attributed to the eight interest rate hikes by the Federal Reserve since March 2022 to contain inflation. U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007. The Fed will announce its next decision on rates on Wednesday and analysts at the CME Group expect a 73.8% chance the Fed will raise by 25 basis points. The likelihood the Fed will leave rates unchanged amid the bank solvency concerns is at 26.2%, an increase from 23.2% on Monday. Ahead of the opening of U.S. equity markets on Tuesday, U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures and the S&P 500 futures both gained 0.18%. The Nasdaq Composite Index moved 012% higher. See related article: Singapore to publish crypto, stablecoin consultation feedback by mid-2023', 'Bitcoin traded flat below the US$28,000 mark on Tuesday morning in Asia, while Ether and most other top 10 non-stablecoin cryptocurrencies retreated after a week of gains amid worries about bank failures. Polkadot led the losers, while Solana rose. U.S. equities rebounded on Monday as financial authorities added liquidity to markets and announced other measuresto ease concern about weakness in the global banking system. Investor focus now shifts back to inflation as the Federal Reserve announces its interest rate decision on Wednesday.\nSee related article:Over 80 Web3 firms in line to set up shop in HK, ahead of crypto regulations taking effect in June\n• Bitcoin edged up 0.04% in the past 24 hours to US$27,920 at 09:00 a.m. in Hong Kong, moving up 15.00% for the last seven days, according toCoinMarketCap data. The world’s largest cryptocurrency hit a nine-month high of US$28,527 on Monday.\n• Ether dropped 1.32% to US$1,753, holding a weekly gain of 4.72%. The token hasn’t kept up with the gains in Bitcoin as the Shanghai hard fork that will allow withdrawals of staked ether isnow expected on April 12, or in about three weeks, and the analysis is mixed on whether this could generate fresh selling of the token by investors looking to lock in profits.\n• Polkadot led the losers with a 4.18% drop and traded at US$6.16 to remain flat for the seven days.\n• Apart from Bitcoin, Solana was the only top 10 non-stablecoin cryptocurrency that rose in the 24 hour period. The token added 3.13% to US$22.57 for a weekly gain of 10.80%. Solana Foundation concludedGrizzlythonover the weekend, the largest decentralized app (dapp) competition held by Solana. More than 800 projects were\xa0submitted and the winners will be announced in early April.\n• The total crypto market capitalization dropped 0.73% in the past 24 hours to US$1.16 trillion. Total trading volume over the last 24 hours rose 16.78% to US$76.81 billion.\n• The U.S. equities rebounded on Monday as fears of more bank failures eased. The Dow Jones Industrial Average rose 1.20%, the S&P 500 added 0.89%, and the Nasdaq Composite Index edged 0.39% higher.\n• Investors welcomed moves by authorities over the weekend to orchestrate thetakeovers of Signature BankandCredit Suisse. The share price of New York Community Bancorp, which will acquire Signature Bank, jumped31.65%. Shares in UBS Group AG, rose3.30%after it bought Credit Suisse, according to data from Yahoo Finance.\n• Despite the overall stabilization, the share price of the embattled First Republic Bank slumped47.11%on Monday, after S&P Globaldowngraded the bank’s credit ratingon Sunday for a second time in five days, and said the recent US$30 billion injection from other major U.S. banks may not be enough to resolve Republic Bank’s “substantial business, liquidity, funding, and profitability challenges.”\n• Some commentators have said thebanking problems can be partly attributed to the eight interest rate hikes by the Federal Reservesince March 2022 to contain inflation. U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007.\n• The Fed will announce its next decision on rates on Wednesday and analysts at theCME Groupexpect a 73.8% chance the Fed will raise by 25 basis points. The likelihood the Fed will leave rates unchanged amid the bank solvency concerns is at 26.2%, an increase from 23.2% on Monday.\n• Ahead of the opening of U.S. equity markets on Tuesday, U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures and the S&P 500 futures both gained 0.18%. The Nasdaq Composite Index moved 012% higher.\nSee related article:Singapore to publish crypto, stablecoin consultation feedback by mid-2023', 'Bitcoin traded flat below the US$28,000 mark on Tuesday morning in Asia, while Ether and most other top 10 non-stablecoin cryptocurrencies retreated after a week of gains amid worries about bank failures. Polkadot led the losers, while Solana rose. U.S. equities rebounded on Monday as financial authorities added liquidity to markets and announced other measuresto ease concern about weakness in the global banking system. Investor focus now shifts back to inflation as the Federal Reserve announces its interest rate decision on Wednesday.\nSee related article:Over 80 Web3 firms in line to set up shop in HK, ahead of crypto regulations taking effect in June\n• Bitcoin edged up 0.04% in the past 24 hours to US$27,920 at 09:00 a.m. in Hong Kong, moving up 15.00% for the last seven days, according toCoinMarketCap data. The world’s largest cryptocurrency hit a nine-month high of US$28,527 on Monday.\n• Ether dropped 1.32% to US$1,753, holding a weekly gain of 4.72%. The token hasn’t kept up with the gains in Bitcoin as the Shanghai hard fork that will allow withdrawals of staked ether isnow expected on April 12, or in about three weeks, and the analysis is mixed on whether this could generate fresh selling of the token by investors looking to lock in profits.\n• Polkadot led the losers with a 4.18% drop and traded at US$6.16 to remain flat for the seven days.\n• Apart from Bitcoin, Solana was the only top 10 non-stablecoin cryptocurrency that rose in the 24 hour period. The token added 3.13% to US$22.57 for a weekly gain of 10.80%. Solana Foundation concludedGrizzlythonover the weekend, the largest decentralized app (dapp) competition held by Solana. More than 800 projects were\xa0submitted and the winners will be announced in early April.\n• The total crypto market capitalization dropped 0.73% in the past 24 hours to US$1.16 trillion. Total trading volume over the last 24 hours rose 16.78% to US$76.81 billion.\n• The U.S. equities rebounded on Monday as fears of more bank failures eased. The Dow Jones Industrial Average rose 1.20%, the S&P 500 added 0.89%, and the Nasdaq Composite Index edged 0.39% higher.\n• Investors welcomed moves by authorities over the weekend to orchestrate thetakeovers of Signature BankandCredit Suisse. The share price of New York Community Bancorp, which will acquire Signature Bank, jumped31.65%. Shares in UBS Group AG, rose3.30%after it bought Credit Suisse, according to data from Yahoo Finance.\n• Despite the overall stabilization, the share price of the embattled First Republic Bank slumped47.11%on Monday, after S&P Globaldowngraded the bank’s credit ratingon Sunday for a second time in five days, and said the recent US$30 billion injection from other major U.S. banks may not be enough to resolve Republic Bank’s “substantial business, liquidity, funding, and profitability challenges.”\n• Some commentators have said thebanking problems can be partly attributed to the eight interest rate hikes by the Federal Reservesince March 2022 to contain inflation. U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007.\n• The Fed will announce its next decision on rates on Wednesday and analysts at theCME Groupexpect a 73.8% chance the Fed will raise by 25 basis points. The likelihood the Fed will leave rates unchanged amid the bank solvency concerns is at 26.2%, an increase from 23.2% on Monday.\n• Ahead of the opening of U.S. equity markets on Tuesday, U.S. stock futures edged up as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures and the S&P 500 futures both gained 0.18%. The Nasdaq Composite Index moved 012% higher.\nSee related article:Singapore to publish crypto, stablecoin consultation feedback by mid-2023', 'Silvergate , Silicon Valley Bank and Signature. Three major crypto-friendly banks have effectively closed down in one week, each for slightly different reasons. Yet the effect is the same. These collapses have sparked fears of contagion and raised questions about whether putting funds in traditional banks is safe. On the whole, it’s looking like U.S. crypto firms will struggle for homegrown banking partners for some time to come. And as the impact looks to be varied and lasting, here are some major factors to keep an eye on. This banking crisis is not a crypto problem, but it has become one While these collapses are not necessarily a problem stemming from crypto itself , crypto firms were among the first to feel the pain. Along with other tech firms, many crypto startups have their funds stuck in SVB. And international startups that have raised money from U.S. venture capital are no exception. Without these banks, startups are already experiencing roadblocks with opening new accounts elsewhere or even finding a place to park their funds. Meeting payroll has also become a major short-term concern. Furthermore, Silvergate Bank’s Silvergate Exchange Network (SEN) and Signature Bank’s Signet were crucial to crypto’s banking rails. These services provided on-ramps from U.S. dollars into cryptocurrencies. They facilitated instant settlement services, enabling crypto exchanges to get fiat currencies 24/7, outside of regular business hours; a key requirement for the 24/7 365 crypto markets. The collapse of these banks has thrown crypto payment rails into chaos, impacting liquidity and trading volumes as a result. Non-U.S. crypto companies are equally affected. The Singapore-based exchange Crypto.com and Luxembourg-based exchange Bitstamp have unwinded their services operated via Silvergate after the bank’s announced closure. Now, U.S. and international crypto firms are going bank to bank to find comparable services, and they’re certainly not looking within the U.S. Story continues Confidence in stablecoins is shaken but not broken The failure of these banks has also spilled over into the stablecoin market. Circle, the issuer of USDC, previously the USD-pegged stablecoin with the second-highest market cap, revealed that it had US$3.3 billion banked with SVB. DAI, another popular USD-pegged stablecoin also depegged due to its partial backing by USDC. Both stablecoins have since regained their pegs , after the Fed’s intervention to backstop the banks’ depositors and Circle’s promise of covering shortfalls. Yet the recent unusual financial conditions have nevertheless highlighted the vulnerability of stablecoins, shaking confidence and trust. Coupled with recent regulatory pressure on BUSD and its issuer Paxos, USD-pegged stablecoins will likely take the lion’s share of the hit, reputationally at least. Yet, as crypto firms scramble to find alternatives to USD-denominated on/off-ramps for crypto transactions — with their TradFi banking partners out of action — we expect institutional investors and traders will become more reliant on stablecoins instead. For now, USD Tether (USDT) is gaining popularity as it has no exposure to the failed banks. However, non-USD pegged stablecoins, including non-USD fiat and BTC- and/or ETH-backed stablecoins, will likely also gain more market share going forward. Navigating US banking options may be increasingly difficult Recent events have also left an opening for traditional retail banks, who are seeking a bigger slice of the crypto pie both in the U.S. and overseas. Silvergate alone served over 1,000 crypto businesses , meaning the fallout of three banks leaves a massive void to be filled. HSBC has announced plans to acquire SVB’s U.K. arm, and Circle is moving assets over to BNY Mellon. Other banks such as Mercury and Axos, which cater to startups, are also showing a growing interest in this space, as startups scramble for new banking partners. However, it remains to be seen whether these traditional banks can enter the crypto market without regulatory interference. Given the repeated warnings from U.S. regulators recently, some in the crypto industry are speculating that this is all a coordinated c
**Last 60 Days of Bitcoin's Closing Prices:**
[22676.55, 22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-21
**Financial & Commodity Data:**
- Gold Closing Price: $1938.00
- Crude Oil Closing Price: $69.33
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,686,338,400
- Hash Rate: 313920338.84048194
- Transaction Count: 327932.0
- Unique Addresses: 708659.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: While technology offers some of the most compelling investment opportunities, there’s no need to pay full price if you don’t have to, thus driving the case for tech stock bargains. While you can always opt for the established entities, the securities on this list focus on the best deals available. To be sure, a clear distinction exists between merely cheap and a genuine discount. For this list of tech stock bargains, I filtered out entities based on their fiscal resilience; specifically, no enterprise on this list features an Altman Z-Score lower than 4. That way, investors can be reasonably assured of putting their money into relatively stable businesses. As well, all of these companies enjoy at least a consensus analyst rating of moderate buy. And none of them trade over the counter, providing greater reassurances. So, with that out of the way, let’s dive into the tech stock bargains to snatch up. WTT Wireless Telecom $1.89 CLBT Cellebrite $5.39 AOSL Alpha and Omega Semiconductor $36.06 CAN Canaan $3.34 SMCI Super Micro Computer $83.21 DQ Daqo New Energy $43.09 CPTN Cepton $1.26 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wireless Telecom (WTT) a concept image of telecommunications featuring several symbols connected over a city Source: Shutterstock Based in New Jersey, Wireless Telecom (NYSEAMERICAN: WTT ) is a global designer and manufacturer of advanced radio frequency, and microwave components, modules, systems, and instruments. Primarily, it serves the broader telecommunications industry. However, Wireless also plays an important role in the military and aerospace sectors. Thanks to robust performances since late September last year, WTT gained almost 6% in the trailing year. Currently, the market prices WTT at a trailing multiple of 7.31. In contrast, the sector median value stands at 18.16 times. As a discount to earnings, Wireless ranks better than 85% of the competition . In addition, the company benefits from a strong balance sheet. For example, its cash-to-debt ratio pings at 14 times, ranked above nearly 81% of industry players. Story continues To be fair, Gurufocus.com warns that WTT represents a possible value trap. However, the one analyst covering WTT remains undeterred, rating it a buy. As well, the expert’s price target hits $2.25, implying over 18% upside potential . Thus, it’s an intriguing take on tech stock bargains. Cellebrite (CLBT) A man examines a digital screen with different icons for software. Source: Shutterstock Based in Israel, Cellebrite (NASDAQ: CLBT ) represents the “…global leader in partnering with public and private organizations to transform how they manage Digital Intelligence in investigations to protect and save lives , accelerate justice, and ensure data privacy,” per its website. In the trailing year, CLBT dipped over 8%. However, in the year so far, shares gained almost 23%. Presently, the market prices CLBT at a trailing multiple of 6.76. For comparison, the underlying sector median value stands at nearly 27 times. As a discount to earnings, Cellebrite ranks better than over 94% of its peers . On the balance sheet, the company offers a stable profile. For instance, it has zero debt, affording the enterprise much flexibility. Moreover, its Altman Z-Score pings at 5.45, reflecting low bankruptcy risk. At the moment, Wall Street analysts peg Cellebrite as a consensus moderate buy . Further, their average price target stands at $7.25, implying nearly 31% upside potential. As well, sentiment among hedge funds rates as positive, making CLBT one of the tech stock bargains. Alpha and Omega Semiconductor (AOSL) AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks Source: Shutterstock Although not often discussed, Alpha and Omega Semiconductor (NASDAQ: AOSL ) represents one of the more enticing tech stock bargains. It’s a designer, developer, and global supplier of a broad range of power semiconductors. Because the company touches so many relevant economic cogs, AOSL deserves consideration just as a long-term investment. However, when focused specifically on tech stock bargains, Alpha and Omega really shines bright. Currently, the market prices AOSL at a trailing multiple of 2.32. In contrast, the sector median value stands at 18.48 times. As a discount to earnings, AOSL ranks higher than over 99% of its peers . In addition, AOSL trades hands at 1.37 times sales and 1.18 times book value. Both rate much lower than their respective median values. Now, only one analyst covers AOSL at the moment with a buy rating. However, this expert – David Williams of Benchmark Co. – sees an upside potential of over 34% . Just as well, hedge fund sentiment for shares rates as very positive. Thus, it’s an overlooked but viable name among tech stock bargains. Canaan (CAN) Bitcoin mining operation. Bitcoin mining farm. GREE stock. Source: Michal Bednarek / Shutterstock Before we dive into the blockchain mining enterprise Canaan (NASDAQ: CAN ), you should be aware that CAN stock is incredibly volatile. In fact, words do not exist to describe its wildness and unpredictability. Specifically, Canaan’s 60-month beta pings at 3.25. Considering that a beta of 1 indicates the volatility found in the benchmark equities index, a rating of over 3 just about tells you everything you need to know about Canaan. However, when narrowing the discussion about tech stock bargains, Canaan ranks among the best. In particular, the market prices CAN at a trailing multiple of 1.76. For comparison, the sector median value stands at 18.16 times. As a discount to earnings, Canaan ranks superior to nearly 99% of its peers . Conspicuously, Canaan features excellent strengths in the balance sheet, a rarity for a cryptocurrency-mining enterprise. Right now, its cash-to-debt ratio stands at a hearty 61.44 times. At the moment, only two analysts cover Canaan. However, they peg shares as a consensus moderate buy . In addition, their price target stands at $5, implying nearly 39% upside potential. Super Micro Computer (SMCI) software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity Source: Shutterstock Based in San Jose, California, Super Micro Computer (NASDAQ: SMCI ) is a provider of high-performance and high-efficiency servers, server management software, and storage systems for various markets, including enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing. In the trailing year, SMCI gained a staggering 121%. Given this incredible performance, a debate about its valuation erupted recently. Per Gurufocus.com’s proprietary calculations for fair market value (FMV), SMCI rates as significantly overvalued. Objectively, though, the market prices CAN at a trailing multiple of 8.02. In contrast, the sector median pings at 18.16. This ranks better than nearly 84% of the competition . At the moment, Wall Street analysts peg SMCI as a consensus moderate buy . Moreover, their average price target stands at $122, implying an upside potential of nearly 45%. Therefore, SMCI ranks among the tech stock bargains. Daqo New Energy (DQ) rows of solar panels, representing solar stocks Source: Love Silhouette / Shutterstock.com Based in China, Daqo New Energy (NYSE: DQ ) engages in the manufacture of monocrystalline silicon and polysilicon, primarily for use in solar photovoltaic systems. With so much emphasis placed on green initiatives like solar energy, DQ offers an intriguing idea among tech stock bargains. In the trailing year, DQ gained a very respectable 15%, especially considering the circumstances. Here, we also have another dispute about valuation implications. According to Gurufocus.com, DQ rates as a possible value trap based on its FMV calculations. Objectively, the market prices DQ at a trailing multiple of 2.05. For comparison, the sector median value is 18.48. As a discount to earnings, Daqo ranks better than over 99% of its peers. Notably, Daqo features zero debt, which should help its cause as one of the tech stock bargains. In addition, its operational stats (revenue and profitability) are simply outstanding. Currently, DQ features a consensus moderate buy rating . Moreover, the experts’ average price target of $65.50 implies an upside potential of nearly 51%. Cepton (CPTN) Autonomous self driving electric car using lidar change the lane and overtakes city vehicle Source: temp-64GTX / Shutterstock.com Rounding out this list of tech stock bargains is Cepton (NASDAQ: CPTN ). Headquartered in San Jose, California, Cepton provides state-of-the-art, intelligent, lidar-based solutions for a range of markets such as automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications. While Cepton appears scientifically relevant – and I’m sure it’s exactly that – CPTN represents a dangerously risky trade. For one thing, it’s only a bit below parity on a year-to-date basis, making it rather disappointing. What’s more, since its public market debut, CPTN dropped a stunning 86% in equity value. If you can handle the inherent volatility and unpredictability, CPTN trades hands at a trailing multiple of 5.95. In contrast, the sector median stands at nearly 27 times. As a discount to earnings, Cepton rates better than over 95% of its rivals. Despite the obvious risks of engaging CPTN, Wall Street analysts don’t seem too worried. Currently, they peg it as a consensus moderate buy . Also, their price target of $3.33 implies an upside potential of over 154%. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com ’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 7 Tech Stocks to Snatch Out of the Bargain Bin appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/TriggeredEllie', '[P5V4 p2+] Someone pls spoil me on when Wilfried gets put in his place', 43, '2023-03-21 00:08', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/', 'I’m sorry after reading today’s chapter my blood pressure can’t handle this. I wanna slap this little btch. And Sylvester honestly how dare they put down Roz so much and continuously take advantage of her, I just can’t.\n\nI just wanna know if it happens in this volume, and if yes please tell approximate what part (1-8?) for me so I can know how long I have to wait until it happens. \n\nPlease don’t tell me how he gets put in his place, but maybe rate the satisfaction level on a scale of 1-10? Like how satisfying is the punishment/consequences of his idiocy? 10 being peak and 1 being not at all satisfying. \n\nThis answer may or may not allow me to sleep at night', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/', '11wzd2c', [['u/dtwilight', 64, '2023-03-21 00:31', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0lfyw/', "For syl, I think he's caught in-between. He wants his duchy to be better, but not 8th ranked better. He doesn't want, nor does he have the retainers to be 8th. It's why he asked to not have their rank go up this year, and keep themselves where they are. The Leisgangs are putting a ton of pressure on him to acknowledge Rozemyne's achievements, while trying to figure out how to prop up Wilfred as the next archduke.\n\nCharlotte's precise arrows to Syl and Florencia's situation they put themselves in show us that the archducal couple are the ones *not thinking current and future actions through*, even though we know that Wilfred getting toxic whispers in his ears that are affecting his judgement, as flawed as they already were before.\n\nRozemyne's going to have to step up, yet again, to keep things under control.", '11wzd2c'], ['u/TriggeredEllie', 48, '2023-03-21 00:38', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0meh7/', '100% all of that. \n\nI get not wanting to rise higher atm from Syl. I get the pressure from Liesegang, but they are treating Roz like they treated Ferdinand. Someone to shove work on, take advantage of, and then discard.\n\nBoth Roz and Ferdinand loved the temple bc it gave them reprieve. But both inherently love their duchy, and want to see it improved. Roz does that even better than Ferd, and that scares them.\n\nSyl has his head stuck up his own b hole to get Flo pregnant, demand Wil to be the next aub, and push ALL THE WORK on Roz while telling her that her working hard to improve the duchy caused him problems and to shut up and be quiet. Instead of consulting Roz abt this he is going behind her back and doing shady shit, and Wil is just rejoicing in all of this bc he gets to be propped up despite being a failure just like Veronica wanted.\n\nI just need to know when reality crushes down on Wilbur and he gets metaphorically slapped in the face bc this chapter pissed me off', '11wzd2c'], ['u/Vestny', 41, '2023-03-21 00:41', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0mxqa/', 'Honestly its hard to say he gets put in his place but by early-mid p5v6 a lot of what is going on now becomes more clear. This part has alluded to a lot going on behind the scene. Some will be explored later in this same book but you can pretty much say that books 1-3 is the first arch of part 5 with 4-6 being the second one.', '11wzd2c'], ['u/dtwilight', 36, '2023-03-21 00:44', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0n8ix/', "Like father, like son; both are dependent on the people with the talents to do what needs to be done without ensuring their own retainers can copy the playbook. Love Sylvester, but he's been slowly backing himself into a corner.", '11wzd2c'], ['u/TriggeredEllie', 19, '2023-03-21 01:10', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0qyah/', 'Ugh I can’t believe we have to wait so long…\n\nHow satisfying is it would u say? Worth the wait?', '11wzd2c'], ['u/ljkp', 31, '2023-03-21 01:12', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0r7v7/', 'I think it will be a good direction and you will realise that your bloodveins are bulging for fewer reasons than you currently think they are. Even next week will give a little bit more insight on the situation, though it will become much more clear in P5V6.', '11wzd2c'], ['u/MayaNM', 12, '2023-03-21 01:50', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0wiw8/', 'P5V6 like other people said, and for me there were newer, more important people and things to mald over, so Wilf and his issues seemed insignificant by comparison. But I never really cared about him to begin with so your mileage might vary.', '11wzd2c'], ['u/Littlethieflord', 29, '2023-03-21 02:04', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0yg51/', 'Ugh who even told them to get pregnant now anyways? Especially since we know that in the this world, noble women can just Plan B themselves, it never should have gotten this bad', '11wzd2c'], ['u/TriggeredEllie', 25, '2023-03-21 02:27', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd11mv0/', 'No fr! Like bro, u have 3 bio kids and one adopted, your duchy just went to shit and Syl has to fight for his life to not take a second wife, but NOOOO. iTs tIMe tO hAVe aNoThER BEBE', '11wzd2c'], ['u/NRRC1997', 23, '2023-03-21 03:08', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd177qk/', '"you will realize that your bloodveins are bulging for fewer reasons than you currently think they are"\n\nHow can a sentence so menacing get me so excited yet worried sick for what is to come?', '11wzd2c'], ['u/ljkp', 14, '2023-03-21 03:12', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd17qix/', 'Lol, it was not supposed to be menacing but rather slow you down. What I mean to say that people are angry for things that are not that big in the end. He is making mistakes here, but [P5V6] >!he is not malicious at all!<.', '11wzd2c'], ['u/jinyi_lie', 14, '2023-03-21 03:17', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd18crx/', "Very worth it, especially Part 5 vol 5, there are much more interesting parts that push the stories further. I like a chapter named >!Merchant Saint!< Regarding wilfried's situation will conclude at Part 5 vol 5, and final conclusion with leisegang at vol 6 as People said.", '11wzd2c'], ['u/Cool-Ember', 22, '2023-03-21 03:49', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1cg7f/', 'First, >!your anger against Sylvester will be calmed in two weeks, probably next week.!<\n\nFor >!Wilfried, it’s up and down for the entire volume.!<', '11wzd2c'], ['u/Littlethieflord', 22, '2023-03-21 03:52', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1ctiv/', 'I’m honestly more disappointed in Florencia. Like yes, I’m sure Syl wanted the baby and he would be absolutely inconsolable if she’d decided not to, but she’s the sensible one in this relationship, and in this situation especially, should have exercised her power as archduchess and his wife to just not', '11wzd2c'], ['u/awwnuts07', 20, '2023-03-21 07:07', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1vkdk/', 'Are you seriously asking for spoilers but at the same time don’t want to be spoiled? Sorry, but a request like that is as ridiculous as the Leisegangs asking to drop Ehrenfest’s rank and I refuse to comply, so you’re gonna get spoilers…but blacked out.\n\nSpoilers for this vol and the future, obviously: Syl >!would absolutely refuse the Leisegangs idiotic request, but he can’t since he has no political support thanks to the purge. Thing is, the real aim of this request is to ruin the relationship between Rozemyne and the archducal family. They’re hoping this will piss her off enough that she openly starts defying archduke. Unfortunately, the current heads of the Leisegangs didn’t take into account their next generation also wouldn’t want to see their hard work undone, nor that they’ve become extremely capable in their own right and have the skills to push back against their elders!<.', '11wzd2c'], ['u/Mehmy', 17, '2023-03-21 07:07', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1vlqs/', "Honestly, that just makes me more angry.\n\n>!If he's not being malicious that means he's actually just this stupid.!<", '11wzd2c']]], ['u/Not_a__Lawyer', "WE MUST STOP calling out people for holding or buying the currencies we don't like.", 11, '2023-03-21 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11wzrqr/we_must_stop_calling_out_people_for_holding_or/', 'Greetings from Portugal.\n\nToo many of us are bullying other people simply because they are holding coins such as shib, doge, and so on. We must put an end to this. This is their money, not yours. They can keep or buy whatever they want because, well, you can guess why. \n\nSome of them may be new to cryptocurrency, while others may have purchased the coins for entertainment purposes. Whatever the reason, you have no right to mock the people in this sub. Stop trying to scare people into regretting their purchases of coins. If you want to invest in cryptocurrencies such as bitcoin and ethereum, go ahead, but remember that just because you bought a coin does not give you the right to bully other people who bought other coins.\n\nThere are definitely scams that are worth pointing out. Safemoon or Luna are the some of the most recent examples.\n\nBut if one of the fundamentals of crypto is freedom, then we must stop judging so much the other people decisions.\n\nI would love to ear the community thoughts on this!\n\nThanks!', 'https://www.reddit.com/r/CryptoCurrency/comments/11wzrqr/we_must_stop_calling_out_people_for_holding_or/', '11wzrqr', [['u/Bucksaway03', 13, '2023-03-21 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11wzrqr/we_must_stop_calling_out_people_for_holding_or/jd0kysj/', 'You expect people to take their emotions out of investing?\n\nGood luck', '11wzrqr'], ['u/NotAdoctor_but', 12, '2023-03-21 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11wzrqr/we_must_stop_calling_out_people_for_holding_or/jd0m88d/', "Yeah but if people see some obvious scam patterns wouldn't it be worse to say nothing? \n\nIt's not like you're blocking their credit card, usually people that buy X coin will also post to shill it, it's expected that others will reply and share their opinions on it.", '11wzrqr']]], ['u/habdlcbej', 'Public crowding onto ISB', 211, '2023-03-21 02:28', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/', "Is it just me or are there more non-NUS people utilising the shuttle bus.\n\nTwo aunties (50s to 60s) boarded BTC at Botanic Gardens and made a big fuss when they could not get a seat. Once they got a seat I overheard them gleefully talking about how it is free to take the bus to NUH and they could save on transport fares (FYI, it costs $0.75 for senior citizens to take from Botanic Gardens to KR).\n\nI don't mind the public using our busses when the it is less crowded but it is just plain selfish and entitled when they crowd onto the bus during peak hours and demand a seat.\n\nEdit: Fare information ", 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/', '11x2tbe', [['u/guobas', 102, '2023-03-21 02:38', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd130sf/', 'yes ive seen a primary school kid taking the btc, and worse still, the bus driver stopped in the middle of the drive between kr and btc to drop the kid off.', '11x2tbe'], ['u/Burning_magic', 43, '2023-03-21 02:51', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd14tbh/', 'they arent supposed to be using it though as its only for people going to and from nus, can always tell them to get off', '11x2tbe'], ['u/snuggleon', 76, '2023-03-21 03:20', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd18nn3/', "During lunch time it's also quite common to see dozens of shopee workers packed onto the bus at KR mrt to go science canteen eat", '11x2tbe'], ['u/Difficult_Ad_5815', 80, '2023-03-21 03:27', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd19nr6/', 'Students Union please help.\n\nNUS please do something.', '11x2tbe'], ['u/altacccle', 75, '2023-03-21 04:07', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1eovi/', 'i don’t mind the public using it IF THEY NEED TO GET TO/AROUND NUS. Otherwise please consider other options', '11x2tbe'], ['u/funnyperson4848', 24, '2023-03-21 04:32', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1hhsj/', 'or pgp canteen', '11x2tbe'], ['u/hofsan', 64, '2023-03-21 05:11', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1lo3u/', 'i miss those days where the driver checks for student card. wont have all these problems', '11x2tbe'], ['u/lingling40000', 69, '2023-03-21 05:21', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1mnsh/', "huh? please report this. it is not even allowed to stop in the middle of stops to alight a student, let alone a primary school kid who's clearly not a student in NUS...", '11x2tbe'], ['u/lingling40000', 68, '2023-03-21 05:22', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1mqtt/', 'we should just install card tappers and require student card for boarding smh.', '11x2tbe'], ['u/Opening_Island_5240', 66, '2023-03-21 05:57', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1px6n/', 'nussu: mmm yes the floor here is made out of floor', '11x2tbe'], ['u/Statrix_', 22, '2023-03-21 06:08', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1qy1v/', "Maybe driver's kid", '11x2tbe'], ['u/HanzoMainKappa', 41, '2023-03-21 06:38', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1tdz5/', 'Did you just assume their race?!!!', '11x2tbe'], ['u/nkhrchy', 24, '2023-03-21 07:57', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd1z9co/', "Wah fk so that's why frontier is insanely crowded at lunchtime", '11x2tbe'], ['u/trashprincessd', 52, '2023-03-21 08:19', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd20r8e/', 'we pay thousands in school fees for ISB to get to class… non-NUS people are already lucky the ISB doesnt enforce checking student cards. still want talk about gatekeeping when u get for free lol', '11x2tbe'], ['u/Zestyclose-Custard17', 12, '2023-03-21 08:31', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd21iuh/', 'Black yellow brown can’t assume?', '11x2tbe'], ['u/Life-Kaleidoscope333', 33, '2023-03-21 08:41', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd226k4/', 'this. if the public wanna get around nus, they should pay a fee via their ezlink card.', '11x2tbe'], ['u/SrJeromaeee', 18, '2023-03-21 10:30', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd29glb/', 'I’m paying 4 digits a semester for education btw. The main purpose for ISBs is to ferry students and staff around NUS, not for ppl to hoard the bus and I can’t get a bus to SCI block during lunchtime. \n\nIf you were to wait for a SBS it’s literally a dollar, maybe a little more. Wouldn’t complain about gatekeeping if I were you.\n\nIt’s almost as if you created this account just to comment about this.', '11x2tbe'], ['u/ObamiumCollector', 24, '2023-03-21 10:42', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd2aa2x/', 'Looks like we found one of the aunties alr', '11x2tbe'], ['u/RagingGods', 15, '2023-03-21 11:42', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd2es74/', 'I would rather pay the driver $100 to throw you off the bus in between stops though. Makes for a good laugh and investment than your entitled ass.', '11x2tbe'], ['u/boperse', 14, '2023-03-21 16:37', 'https://www.reddit.com/r/nus/comments/11x2tbe/public_crowding_onto_isb/jd3ein6/', "To be fair, there are aunties and uncles who are taking part in some medical studies conducted by NUS. I have been asked how to get to Science by these people. They are given instructions on how to get to the lab. Besides, entitled auntie will be entitled, no matter whether on public transport or nus shuttle bus. \n\nAs for Science canteen (frontier), think about who is supporting the stalls revenue during school holidays. Students complain the people working at science park are crowding out the canteen during lunch hour. But if there are a lot of students buying lunch, some of the people from science park that comes during lull periods won't come during semester time. That's because they won't have the time to travel plus queue for food.", '11x2tbe']]], ['u/christefari', 'Any idea on when we start getting wallet funds back?', 15, '2023-03-21 03:39', 'https://www.reddit.com/r/blockfi/comments/11x4gau/any_idea_on_when_we_start_getting_wallet_funds/', 'I know these things take time i was just trying to gauge if it’s going to be another 6 months or years down the line \n\nAlso when we do get our funds back do we get back the actual crypto or the cash value of the date of the bankruptcy filing, with all the craziness happening in the economy with these banks failing it seems like bitcoin could go higher and higher which would make a cash payout very unfavorable if that is the case', 'https://www.reddit.com/r/blockfi/comments/11x4gau/any_idea_on_when_we_start_getting_wallet_funds/', '11x4gau', [['u/silvermoney1', 15, '2023-03-21 03:49', 'https://www.reddit.com/r/blockfi/comments/11x4gau/any_idea_on_when_we_start_getting_wallet_funds/jd1cfnc/', 'The "wallets" are in segregated accounts. You will get your funds back in crypto. Per the Kroll website their shooting for mid June for final hearing.', '11x4gau']]], ['u/0xganzi', '[25F] [Texas] How do you balance your FIRE and personal goals?', 19, '2023-03-21 03:44', 'https://www.reddit.com/r/Fire/comments/11x4kvj/25f_texas_how_do_you_balance_your_fire_and/', "Hello - I'm new to this sub and the whole concept of managing your life's savings to eventually retire. Looking for some perspective, if you're interested in hearing about my background and current situation (perhaps TMI).\n\n**Perhaps unnecessary context:** I grew up in poverty with a single, Korean immigrant mother (60F) who only worked blue collar jobs - primarily due to a language and culture barrier. Sometimes I wish she would have focused on herself rather than raising me so that she could have focused on building her own life in America. But I digress - I can only say this in hindsight. As a daughter, I feel it's definitely in my life's purpose to spend time with and support my mother until she passes - while also living my life. It's a fine balance that I've figured out and am happy with.\n\n**I'm (25F) glad I found this Subreddit because I know I have plenty time to figure out how to support myself and my mother (60F).** A personal goal of mine is to set me and my mother up for retirement as she raised me well, despite having no money. She currently works as a maid and brings in about $1k a month. One thing I am currently struggling with is understanding how to balance my own retirement and supporting another's wellbeing and living while they are still alive with us on the planet Earth. **Although resource attainment is constrained by time and opportunity, I'd love to hear any perspectives on how to best set myself and my mother up for retirement.** Please no feedback on my crypto - I'm long on these assets because I believe in certain use cases fundamentally, and I see it as an outsized risk/reward opportunity! Thank you...\n\nMy current high-level situation:\n\n* Cash flow: $7k/mo\n* Rent: $2k/mo (incl. my mother's)\n* Expenses: $3k/mo (incl. my mother's)\n* Net income: $2k/mo\n* Cash: $70k\n* 401(k) and IRA(s): $40k\n* BTC/ETH: $40k\n\nA little embarrassing to just lay it out all out there, but I figured my anonymity will be respected... just new to this community, and wanted to just get raw perspectives on my situation and the path forward. **I don't have friends in real life to talk about this with**, so I've been following FIRE principals online to focus on retirement - the tricky thing for me has been supporting my mother.", 'https://www.reddit.com/r/Fire/comments/11x4kvj/25f_texas_how_do_you_balance_your_fire_and/', '11x4kvj', [['u/Banana_rocket_time', 10, '2023-03-21 05:16', 'https://www.reddit.com/r/Fire/comments/11x4kvj/25f_texas_how_do_you_balance_your_fire_and/jd1m4jg/', 'Your mother is in old age… if I was intertwining my retirement with my mothers then by default I would assume my risk tolerance would be lower. \n\nSo we have to comment on the heavy crypto allocation. It fundamentally just doesn’t make sense. \n\nThe consensus is keep riskiest wild card highly volatile assets to 5-10%.\n\nBoglehead’s strategies are something to look in to. I like variations of the 2 fund and 3 fund. \n\nRoth ira’s are something to look in to because you can access your principle before 65. \n\nBrokerage accounts are also useful for an easy way to keep a good portion of invested assets relatively liquid at any age.\n\nPre tax accounts such as 401ks and HSAs are great for reducing tax drag and making sure you have something in old age. Especially milking any matches are helpful. \n\nLife insurance policy is something to look in to… but not as an investment… gotta be careful with this one. Seems like a lot of people are shady in this business. \n\nThis could be a lofty task but… I feel like there’s probably the potential your mother could do what she does for more money as self employed. Because of the language barrier I’m also assuming she’d need some help with the business though. So might be tough. I don’t know what the usual rate is for cleaning a home but my friend just told me they spend $500 on a single cleaning. \n\nBased on life expectancy she should probably strategize whether she wants to access her social security sooner or later since that impacts pay out size.', '11x4kvj']]], ['u/cryptotentnew', 'Is it true that two firms control over 51% of the Bitcoin network?', 29, '2023-03-21 04:04', 'https://www.reddit.com/r/BitcoinBeginners/comments/11x50uz/is_it_true_that_two_firms_control_over_51_of_the/', 'Just read this today, is it true?', 'https://www.reddit.com/r/BitcoinBeginners/comments/11x50uz/is_it_true_that_two_firms_control_over_51_of_the/', '11x50uz', [['u/bitusher', 88, '2023-03-21 04:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/11x50uz/is_it_true_that_two_firms_control_over_51_of_the/jd1fq9f/', "No. Its a lie or extremely misleading for multiple reasons.\n\n1) Bitcoin power dynamics is principally split between developers, exchanges, merchants, miners , users, and exchanges. With economic users running their own full nodes having the most control. (This was already put to test in the 2017 blocksize wars). Even if 100% of the hashrate tries to change or remove a consensus rule people full nodes will just reject the miners node and fork them off the network as an automatic immune reaction. \n\n2) Mining pools are made up of many individual miners who can quickly come and go with no effort. Thus the pools aren't really the ones in control of the hashrate \n\n3) 51% attacks are not even that sophisticated or interesting and can quickly be detected and reversed \n\n4) Newer protocol advancements like Stratum V2 allow for individual miners to control job selection and even transaction selection even if they use a pool", '11x50uz'], ['u/bitusher', 17, '2023-03-21 04:45', 'https://www.reddit.com/r/BitcoinBeginners/comments/11x50uz/is_it_true_that_two_firms_control_over_51_of_the/jd1iz4s/', 'no need to promote the link , as I have heard this misinformation over and over again from people that are either dishonest but most of the time just ignorant.', '11x50uz']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, March 21, 2023', 34, '2023-03-21 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/', '11x65zs', [['u/Verallendingen', 10, '2023-03-21 05:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd1peve/', "i'd say nothing will happen until tomorrow (fomc). unless we get another bankfailure today.", '11x65zs'], ['u/adichandra', 10, '2023-03-21 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd1uq27/', '20M BTC on wallet and 1M BTC for trading.', '11x65zs'], ['u/Essexal', 10, '2023-03-21 08:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd1zinm/', 'Currently still long from 27.2k.\n\nI’ve a feeling today will show us where the rest of the path leads.', '11x65zs'], ['u/owenhehe', 17, '2023-03-21 10:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd2abln/', "Central Banks can act hard, they can hike 0.5% to act really tough. But we already know the fragility of the financial system. Banking problems are the things we know, SO FAR.... \n\nFTX collapse happened months after 3AC, down the line more collapses/problems will pop up. CBs simply can't keep rate high for long, I think PA right now reflect this idea. Any pull back were bought hard. Be patient, something will break before Bitcoin was announced dead again.", '11x65zs'], ['u/DEEPFIELDSTAR', 34, '2023-03-21 13:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd2ppae/', 'Sometimes I read comments in here and swear you must be trading 5 minute charts. I hear things like “huge wick” and then can’t see any on my charts until I look at the 15 minute and then I see something that might be considered “huge”. \n\nLife is so much easier when you’re oblivious to that noise. 4h or higher only. 😎', '11x65zs'], ['u/bittabet', 11, '2023-03-21 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd2v4fd/', 'Not scientific at all but seems like we get a lot of overnight weakness lately and then when the US wakes up it’s spot buying pump time. Not sure if it’s actionable anymore but still, just interesting.', '11x65zs'], ['u/AccidentalArbitrage', 11, '2023-03-21 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd2y20f/', 'Watch for a Coinbase spot premium over other exchanges and perps. Someone is buying a *ton* of spot BTC on Coinbase and has been since this rally started.', '11x65zs'], ['u/DogNarrow1', 12, '2023-03-21 14:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd2zb7h/', "Rate hikes doesn't matter, as usual. It's what Powell says afterwards. That being said Bitcoin hasn't cared the past few months. It's been doing its own thing which is encouraging.", '11x65zs'], ['u/Antranik', 15, '2023-03-21 15:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd30dse/', 'good gain on the 1hr https://www.tradingview.com/x/9nyqGmdp/\n\nshould not lose 27820 otherwise we going way lower or chopping for way longer https://www.tradingview.com/x/y2WPLZHj/', '11x65zs'], ['u/PatientlyWaitingfy', 15, '2023-03-21 15:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd31rep/', "Remember guys, don't be extreme. Don't go all in to a long or short, no matter how convinced you are of a certain outcome. Small trading positions over a long period of time to check your success rate is key.", '11x65zs'], ['u/RabbitProofFences', 11, '2023-03-21 15:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3361z/', 'Welcome back', '11x65zs'], ['u/BootyPoppinPanda', 11, '2023-03-21 15:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd35h6j/', 'I still think max pain is moving higher. Lots of people left their bags at the station.', '11x65zs'], ['u/RabbitProofFences', 11, '2023-03-21 15:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd35t8i/', 'This is hardly stuck at 28 for days.', '11x65zs'], ['u/bittabet', 12, '2023-03-21 15:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd375oo/', 'It *really* decided to test 27820 right after you posted this.\n\nStill in my long but I went against my own rules and moved my stop down 😂\n\nEdit: Also, welcome back! Is the bear market officially over now that you’re back? 😆', '11x65zs'], ['u/mxyz', 11, '2023-03-21 15:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd37gsk/', "Since BTC last dipped below $20k on 3/9 there has only been one day that BTC hasn't set a higher daily low price, even on red days.", '11x65zs'], ['u/Dr_collar_pauper', 17, '2023-03-21 16:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd39fs1/', 'Being “stuck” at a certain price after a period of up-only is how you paint bull flags.', '11x65zs'], ['u/DEEPFIELDSTAR', 20, '2023-03-21 16:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3brf4/', 'First day trading?\n\nWe’ve barely tasted 28k for 3 days and this is ‘stuck’ to you? Yeah that’s not how it works. \n\nNow 58k….. those were sticky times 🙂', '11x65zs'], ['u/thewardser', 17, '2023-03-21 17:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3ntof/', '10x long from $28,350\n\nstop loss $27,990', '11x65zs'], ['u/CrapCloud', 11, '2023-03-21 17:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3otu2/', "It's nice seeing us getting acclimated to 28k", '11x65zs'], ['u/No_Excitement_1082', 11, '2023-03-21 17:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3peyi/', "When Ward turns bullish that's when you know we going up", '11x65zs'], ['u/Emergency_Bet_4728', 15, '2023-03-21 18:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3s2u5/', 'Only listening to Gucci Mane when we go up', '11x65zs'], ['u/tempTrad3', 23, '2023-03-21 18:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3tr29/', 'IF bitcoin continues to follow the 4-yr cycle model (diminishing effects of halvening makes me question this sometimes)...this will be my first complete cycle. I like being "ahead of the curve" this time around, so to speak. Chasing a bull market all the way up to establish a position, and then holding the bag during a bear market, is not fun.\n \nRegardless of how slow or fast the bull market progresses, there\'s a pretty high chance 16k was the bottom. Curious about people\'s predictions for a cycle top. 80k? 90k? 120k? higher? Is it a slow climb till an eventual cycle peak in 2025?\n \nThoughts on the strategy of only adding to HODL stack during sharp pullbacks?', '11x65zs'], ['u/_TROLL', 21, '2023-03-21 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3v0w5/', "You're an amateur, there are people here who have been checking the price every 15 minutes for the past 10 years.", '11x65zs'], ['u/I_AM_DEATH-INCARNATE', 10, '2023-03-21 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3vq1g/', 'My plan is to sell off 50% of my stack by 150K, staggering sells up to that level. I think 150-160K will be cycle top next run.', '11x65zs'], ['u/gore_skywalker', 14, '2023-03-21 18:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3wv0p/', 'Much higher imo. On-ramps for fiat to BTC being set up now for probably the biggest cycle yet. Hyperinflation narrative is strong and the case for tradfi keeps getting weaker. Stocks, bonds, real estate don’t make much sense anymore when the Fed keeps rug pulling', '11x65zs'], ['u/imissusenet', 24, '2023-03-21 18:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd3z6hb/', "If this has been posted here already, my apologies:\n\n[https://www.businessinsider.com/jpmorgans-nickel-bags-turned-out-to-filled-with-stones-2023-3](https://www.businessinsider.com/jpmorgans-nickel-bags-turned-out-to-filled-with-stones-2023-3)\n\nJP Morgan thought they had 54 metric tons of nickel in a warehouse in Rotterdam. Turns out they were just bags full of rocks. Like Charlie Brown trick-or-treating.\n\nI started buying BTC in Dec 2017. Yes, I had great timing. In Jan 2021 I moved my buying from one exchange to another, and maintained separate logs for each exchange. I've been buying on the new exchange sort of regularly since. Imagine my surprise when I see that for the first time since Dec 2021 the total value of the BTC I'd purchased on the new exchange was worth more than the total I'd paid for it. There were times in Nov 2022 that total cost basis was more than twice the current price. My goodness, did that suck.\n\nI did find it helpful to plot USD spent, BTC bought, and average basis for each quarter. When 2022 finally ended, I was at least able to say my cost basis for Q4 was $17.4K.", '11x65zs'], ['u/bittabet', 15, '2023-03-21 19:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd49jus/', 'I think last cycle the multiple got compressed by pure theft via Celsius and FTX. We may actually end up with a similar multiple this time despite it normally dropping over time.\n\nI think we’ll see 2-3X', '11x65zs'], ['u/bittabet', 11, '2023-03-21 20:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4dshu/', 'Wonder if we can break over 28.5 definitively before the FOMC rate announcement. Three tries so far but no dice.', '11x65zs'], ['u/dopeboyrico', 10, '2023-03-21 20:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4dvez/', 'How high we go post halving is largely dependent on how high we go pre halving. I think if the Fed’s balance sheet ends up exceeding where it was before QT started last year and/or rate cuts begin BEFORE inflation gets near their 2% target we have a decent chance at reaching a new ATH pre halving for the first time ever.\n\nThis is because in either scenario we would effectively be entering into a paradigm shift where any shred of faith remaining that the Fed can successfully fight inflation will have been lost. It won’t matter if the Fed balance sheet is growing through traditional QE measures or “fake” QE measures via BTFP loans, either way the money supply would be increasing while inflation is high and that would signal the Fed has no tools left to stop printing money without completely destroying the current financial system.\n\nIn this paradigm shift I think 4 year cycles go out the window entirely and we enter a supercycle towards hyperbitcoinization since hyperinflation of fiat becomes a clearer inevitability.\n\nIf the Fed avoids this and does manage to get inflation down to their 2% target before cutting rates and before their balance sheet exceeds where it was at prior to the beginning of QT last year then my guess would be that Bitcoin tops out next cycle somewhere around $163k. The absolute lowest annualized rate of return BTC has ever had over a 4 year window of time is 24%/year. Current ATH of $69k compounded at 24%/year for 4 years comes out to that $163k number. I understand there’s historically been diminishing returns to take into account but I think that gets offset by the absence of FTX artificially suppressing price by selling massive amounts of fake BTC this time around.', '11x65zs'], ['u/_TROLL', 13, '2023-03-21 20:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4f0ur/', "Somewhere, there's a rock collector unknowingly sitting on 54 tons of pure nickel. 😋", '11x65zs'], ['u/bittabet', 13, '2023-03-21 20:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4fqd9/', 'This is 100% theft by an insider. Some security guard with some mobbed up buddies realizes how much these metals are worth and comes up with a scheme to swap it to rocks.', '11x65zs'], ['u/BootyPoppinPanda', 14, '2023-03-21 20:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4gqf4/', "I've watched a little bit of Balaji Srinivasan talking to Pomp today. Interesting watching this guy make his case for central banks failing and needing to gtfo as soon as possible to Bitcoin before shit really hits the fan. He usually doesn't talk this urgently and adamantly. Pretty interesting, and scary", '11x65zs'], ['u/Shibenaut', 17, '2023-03-21 21:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4rmol/', "When Bitcoin was created, Satoshi understood that the blockchain was a physical manifestation of Schrödinger's cat, to the furthest extent in the world of finance: without multiple observers (miners) to verify that your money is there, is it actually?\n\nA number of depositors realized lately that the money they thought were safely stored in banks were little more than numbers on a screen, controlled by a centralized observer.", '11x65zs'], ['u/ChadRun04', 14, '2023-03-21 22:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4uiha/', '> the US government is controlled by voters.\n\nlol', '11x65zs'], ['u/Just_Me_91', 15, '2023-03-21 22:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/11x65zs/daily_discussion_tuesday_march_21_2023/jd4ukg2/', "In 2019, Bitcoin peaked at the .618 fib retracement from the 2017 peak down to the bottom. Maybe we'll get the same thing in 2023? Would be around 48k, the same as the highest it got in March 2022.\n\nhttps://www.tradingview.com/x/xSUebdDD/", '11x65zs']]], ['u/rBitcoinMod', 'Daily Discussion, March 21, 2023', 57, '2023-03-21 07:03', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11wbjpp/mentor_monday_march_20_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/', '11x8g9r', [['u/colorfulCrypto', 11, '2023-03-21 08:34', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd21pz3/', "Slow and steady is best for most of us.\n\nI don't want a bull trap here. If we go too fast it'll get wild then we might get signed on for some bad times.\n\nNot that the market ever does what I need it to do but since we're hoping...", '11x8g9r'], ['u/DiRienzo3410', 17, '2023-03-21 10:13', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd28bfw/', 'It means nothing', '11x8g9r'], ['u/redvsblue0', 11, '2023-03-21 13:17', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd2njym/', "Just woke up and it's already 28.1k. What a great morning ☕", '11x8g9r'], ['u/escodelrio', 15, '2023-03-21 14:07', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd2te3t/', 'Historical Bitcoin\xa0prices for today, March 21st:\n\n2023 - $28,020\n\n2022 - $41,038\n\n2021 - $57,373\n\n2020 - $6,198\n\n2019 - $3,999\n\n2018 - $8,895\n\n2017 - $1,115\n\n2016 - $411\n\n2015 - $260\n\n2014 - $571\n\n2013 - $71\n\nVia [Twitter](https://twitter.com/btchistorical/status/1638133922713292800).', '11x8g9r'], ['u/SmallToblerone', 13, '2023-03-21 15:10', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd31pfi/', 'I don’t know if hyperinflation is happening or not, but I feel like it would be idiotic not to buy some BTC daily or at whatever frequency and keep it in a hardware wallet just in case. Diversify.', '11x8g9r'], ['u/Samsonite_1604', 16, '2023-03-21 16:22', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd3c6ni/', 'Just got paid to learn about some very exciting shitcoins on Coinbase. Immediately converted into 13k free sats.', '11x8g9r'], ['u/Fuzzyfoot12345', 14, '2023-03-21 19:41', 'https://www.reddit.com/r/Bitcoin/comments/11x8g9r/daily_discussion_march_21_2023/jd47igu/', 'cheers to everyone that was buying as much bitcoin as possible after the FTX collapse when everyone was panic selling!', '11x8g9r']]], ['u/ebepem', 'localbitcoins is closing, where do I move my bitcoins?', 10, '2023-03-21 08:40', 'https://www.reddit.com/r/Bitcoin/comments/11x9zsp/localbitcoins_is_closing_where_do_i_move_my/', 'Is any of these a good alternative?\n\nbinance coinbase paxful coingate wazirx\n\n[https://www.youtube.com/watch?v=t6\\_Pz7Hpiig](https://www.youtube.com/watch?v=t6_Pz7Hpiig)', 'https://www.reddit.com/r/Bitcoin/comments/11x9zsp/localbitcoins_is_closing_where_do_i_move_my/', '11x9zsp', [['u/BTCPriest', 11, '2023-03-21 08:58', 'https://www.reddit.com/r/Bitcoin/comments/11x9zsp/localbitcoins_is_closing_where_do_i_move_my/jd23d1r/', "In the first place you always **move your bitcoin into self-custody**, at best an own hardware wallet. If you don't get that you'll likely lose your funds.\n\nAs for converting back and forth into fiat. Ask yourself if it's really necessary. And once it is, pick a reputable exchange like Kraken or Swan and go for it.", '11x9zsp'], ['u/disruptioncoin', 17, '2023-03-21 09:07', 'https://www.reddit.com/r/Bitcoin/comments/11x9zsp/localbitcoins_is_closing_where_do_i_move_my/jd23yf3/', 'Move your bitcoins to a Trezor.\n\nFor peer to peer trading, check out Bisq.', '11x9zsp']]], ['u/Ready_to_Rumpy_Pumpy', 'Family bereavement - need advice.', 19, '2023-03-21 09:21', 'https://www.reddit.com/r/btc/comments/11xau37/family_bereavement_need_advice/', "We lost a family member who had decided to put his household emergency fund in BTC. He shared the paper wallet with his wife (my sister) so we have the 'private key' which is supposed to be kept secret at all costs (correct? No I will not post it here).\n\nWe need to get the funds transferred in cash to keep the mortgage paid until his life insurance is paid.\n\nIt looks like we cannot simply transfer the funds into the Binance account from the paper wallet ? So we have to decide what other software wallet to trust so we can then transfer it to their established Binance account ?\n\nIts only 6k but its going to keep the family afloat but the confusion is kind of killing us with stress on top of funeral arrangements ?\n\nCan anyone please advise ????", 'https://www.reddit.com/r/btc/comments/11xau37/family_bereavement_need_advice/', '11xau37', [['u/jessquit', 20, '2023-03-21 09:29', 'https://www.reddit.com/r/btc/comments/11xau37/family_bereavement_need_advice/jd25f3f/', "You can install any sort of Bitcoin wallet that supports importing the 12-word key phrase, then you can send the coins to Binance or wherever to sell. That part is easy.\n\nThe complicated bit is that Bitcoin wallets have what is called a derivation path. In simple terms that's what allows the wallet to translate the address from the key phrase. If the wallet uses a different derivation path than the one used to generate the key phrase, then when you enter the phrase, the address that's generated won't be correct and it will show zero balance.\n\nDon't worry the coins aren't lost, you're just looking at the wrong address. You can try different derivation paths until you find the right one. You can Google this for examples. There are only a few different popular derivation paths. I think the most common is `m/44h/0h/0h/0/0`\n\nIdeally, you'd know which wallet software was used to create the key phrase, that way you wouldn't have to hunt around for the right derivation path. These days I always write down the derivation path when I create my paper wallets for this exact reason. If you have any idea what wallet was used to create the phrase, you should use that app.\n\nIf you need a basic wallet that can do what you need, I usually recommend Edge wallet only because it's popular. The Bitcoin.com wallet is also pretty straightforward and lots of people use it.", '11xau37'], ['u/FieserKiller', 16, '2023-03-21 09:49', 'https://www.reddit.com/r/btc/comments/11xau37/family_bereavement_need_advice/jd26rlv/', "all you need to do is install electrum wallet: [https://electrum.org/#home](https://electrum.org/#home)\n\nthen you open the software and create a new wallet. once its created you can use its sweep function to move the bitcoins from paper wallet into the new one: [https://bitcoinelectrum.com/sweeping-your-private-keys-into-electrum/](https://bitcoinelectrum.com/sweeping-your-private-keys-into-electrum/)\n\nAnd from there your btc can go to binance or whereever.\n\nThere are two important things to keep in mind:\n\n1. you have to be absolutely sure the computer you install electrum to has no malware which could steal the funds\n2. don't ever believe what strangers on the internet tell you to do, that includes me - DYOR.", '11xau37'], ['u/FieserKiller', 11, '2023-03-21 09:52', 'https://www.reddit.com/r/btc/comments/11xau37/family_bereavement_need_advice/jd26y0n/', 'its fine if used correctly. your paper wallet contains a public key as well. you can type it into a block explorer of your choice, eg I like [**https://blockchair.com/**](https://blockchair.com/) but every bitcoin block explorer will do and check if funds re still there.', '11xau37'], ['u/[deleted]', 10, '2023-03-21 13:56', 'https://www.reddit.com/r/btc/comments/11xau37/family_bereavement_need_advice/jd2s0zx/', "The most basic first steps is\n\n1. Electrum\n2. Import your private key/seed into it\n\nand check back only if that doesn't work.\n\nAlso, check if those addresses have any funds on other chains, for example BCH.", '11xau37']]], ['u/doobeedoobae', 'Where should I invest my money? How can I maximise my savings or financial opportunity', 14, '2023-03-21 11:04', 'https://www.reddit.com/r/fiaustralia/comments/11xcjfv/where_should_i_invest_my_money_how_can_i_maximise/', 'Hi, I am non-AU citizen, but here on working visa. I am working on getting my PR. I am 24F and earns (gross) $97.6K p.a. But this also means I am taxed around 32.888% of my wages (so I end up earning around $5.5k per month, or 65.6K p.a net). I am genuinely not sure if this is a lot or not for Australian standard (it’s my first job, I’m so sorry if this sounds stupid but I am not confident talking about money with others because my culture finds it as taboo)\n\nI managed to save around 28k in 2022 (I am paying my own rent in CBD and utilities which amount to 2.4K per month). I eat out at times with friend but I don’t drink (which I think tastes horrible and expensive) and I mostly cook at home. \n\nI don’t really count to a T but I think I save up around 1.8-2K a month?\nI was also given 30k from my parents a few years ago when I finished my postgraduate, so I have around...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-page annual report . The first reference to digital assets in the 2023 Economic Report of the President—issued along with a yearly update issued by the Council of Economic Advisers—asserts that "blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud." And that was on page 43. "Although advocates often claim that digital assets, particularly crypto assets, are a revolutionary innovation, the design of these assets frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries," the report continues five pages later. "This inadequate design is often detrimental to consumers and investors." "Taxonomy of Digital Assets and Central Bank Money," Figure 8-1. The overall report—which includes over 100 pages of appendices—covers all aspects of the U.S. economy, including the rise of women in the labor force, climate change, imported goods, foreign investment, and education. But several sections address technology and digital markets. Chapter 7 is titled "Competition in the Digital Economy: New Technologies, Old Economics." And Chapter 8 takes crypto head on, under the heading "Digital Assets: Relearning Economic Principles." The conclusion? Crypto advocates need to go back to school, as they are "relearning the lessons from previous financial crises the hard way." White House Blames Congress for Failure to Enact Crypto Regulations "In addition to the decentralized custody and control of money, it has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries," the authors wrote. "So far, crypto assets have brought none of these benefits." The costs of crypto, meanwhile, have adversely impacted consumers, the financial system, and even the physical environment. Story continues "Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient," the authors wrote. "Instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices." "Many of them have no fundamental value," they added. The authors then work their way through a number of "claims" made by crypto proponents, including the belief that crypto assets could be investment vehicles, could function like money without a central authority, enable fast digital payments, and increase financial inclusion and reduce the unbanked and underbanked. An extensive list of refutations follow, focused on potential harm to consumers and the lack of regulation and enforcement. "One of the principal areas where there is mass noncompliance is disclosure surrounding crypto assets that are securities," the report states, before returning to a running theme. "This lack of disclosure prevents investors from recognizing that most crypto assets have no fundamental value." Biden’s Tax Hike Proposal and What It Means for Bitcoin \'Wash Sales\' The council even takes a step back, and takes a stab at explaining Web3. "Proponents of blockchain technology claim that it will not only improve firms’ performance but also be the backbone of an entirely new Internet—Web3, the so-called new Internet," they wrote. Citing Signal app founder and cryptographer Moxie Marlinspike, the section concludes that some centralization is inevitable. "Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds," the report notes. "Centralized control, but still distributed enough to become mired in time."', 'The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-pageannual report.\nThe first reference to digital assets in the 2023 Economic Report of the President—issued along with a yearly update issued by the Council of Economic Advisers—asserts that "blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud."\nAnd that was on page 43.\n"Although advocates often claim that digital assets, particularly crypto assets, are a revolutionary innovation, the design of these assets frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries," the report continues five pages later. "This inadequate design is often detrimental to consumers and investors."\nThe overall report—which includes over 100 pages of appendices—covers all aspects of the U.S. economy, including the rise of women in the labor force, climate change, imported goods, foreign investment, and education. But several sections address technology and digital markets.\nChapter 7 is titled "Competition in the Digital Economy: New Technologies, Old Economics." And Chapter 8 takes crypto head on, under the heading "Digital Assets: Relearning Economic Principles."\nThe conclusion? Crypto advocates need to go back to school, as they are "relearning the lessons from previous financial crises the hard way."\nWhite House Blames Congress for Failure to Enact Crypto Regulations\n"In addition to the decentralized custody and control of money, it has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries," the authors wrote. "So far, crypto assets have brought none of these benefits."\nThe costs of crypto, meanwhile, have adversely impacted consumers, the financial system, and even the physical environment.\n"Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient," the authors wrote. "Instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices."\n"Many of them have no fundamental value," they added.\nThe authors then work their way through a number of "claims" made by crypto proponents, including the belief that crypto assets could be investment vehicles, could function like money without a central authority, enable fast digital payments, and increase financial inclusion and reduce the unbanked and underbanked.\nAn extensive list of refutations follow, focused on potential harm to consumers and the lack of regulation and enforcement.\n"One of the principal areas where there is mass noncompliance is disclosure surrounding crypto assets that are securities," the report states, before returning to a running theme. "This lack of disclosure prevents investors from recognizing that most crypto assets have no fundamental value."\nBiden’s Tax Hike Proposal and What It Means for Bitcoin \'Wash Sales\'\nThe council even takes a step back, and takes a stab at explaining Web3.\n"Proponents of blockchain technology claim that it will not only improve firms’ performance but also be the backbone of an entirely new Internet—Web3, the so-called new Internet," they wrote.\nCiting Signal app founder and cryptographer Moxie Marlinspike, the section concludes that some centralization is inevitable.\n"Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds," the report notes. "Centralized control, but still distributed enough to become mired in time."', 'There are plenty of reasons why investors believe a major recession could be on the horizon. Sticky and persistent inflation has continued to put pressure on low- and middle-income workers. The impressive rate-hiking cycles by the Federal Reserve and other global central banks have attempted to tamp down economic activity to constrain rising prices. These moves, while not explicitly intended to cause a major recession, may do just that. And that’s not taking into consideration any of the myriad other concerns, from ongoing geopolitical conflicts to potential supply gluts in certain sectors. In short, the current macroeconomic environment is risky. Yet, if central banks do what they’ve traditionally done, and inject liquidity into the markets at the first sign of strain, perhaps we can avoid a major recession. If that’s the case, below are three stocks to buy or at least consider putting on your watch list. Each has the potential to rocket higher if a major recession doesn’t materialize. InvestorPlace - Stock Market News, Stock Advice & Trading Tips COIN Coinbase $83.99 SHOP Shopify $45.74 ZM Zoom Video $71.85 Coinbase (COIN) A Bitcoin rests on top of a computer with the Coinbase (COIN) logo and a trading chart. Source: Nadezda Murmakova / Shutterstock.com A well-known crypto exchange, Coinbase (NASDAQ: COIN ) enables users to purchase and trade cryptocurrencies. Some investors view digital assets as a recession hedge , and after a brutal 2022, COIN is up 137% so far this year. Much of this gain has to do with the rise in the value of prominent cryptocurrencies. Coinbase’s business model is rather simple. The company earns the lion’s share of its revenue via transaction fees. Thus, when trading volumes surge, it’s good news for Coinbase. The company’s recent financial results show what happens when liquidity starts to dry up in the crypto market. The company reported a loss of $2.46 per share for the final quarter of 2022. Although this was less than Wall Street’s forecast of -$2.55 per share, it was still significant. Moreover, while revenue of $629 million also came in above expectations, it represented a decrease of about 75% year over year. Story continues That said, if the Fed can coordinate some sort of soft landing, or simply cut rates, Coinbase should be a key beneficiary. Shopify (SHOP) shopify logo sign on building facade Source: Beyond The Scene / Shutterstock.com If a major recession is on the horizon, Shopify (NYSE: SHOP ) is one stock investors may want to avoid. This company, which has disrupted the e-commerce market by providing solutions for small- and medium-sized businesses to set up online shops, is tied closely to domestic and global economic growth. If businesses stop setting up shops, or turn to other players such as Amazon (NASDAQ: AMZN ) to handle their logistics, Shopify’s growth trajectory could be called into question. Of course, we all saw how impressive Shopify’s growth was in the pandemic environment. Considering its robust sales growth trajectory over this period, many viewed the stock as the “next Amazon.” Investors were mistaken, though, to believe Shopify’s pandemic growth levels were sustainable. That said, if we can avoid a major recession, Shopify is a company I think is poised for much better year-over-year growth comparisons. Zoom Video (ZM) A woman sitting at a desk waves at a large number of people on the videoconferencing software Zoom (ZM). Source: Girts Ragelis / Shutterstock.com Over the past 18 months, Zoom Video (NASDAQ: ZM ) has experienced a number of considerable setbacks. Initially prospering during the pandemic, the business garnered notoriety as one of the biggest winners of the shift to remote work. Of course, like many pandemic winners, ZM stock has since plunged, losing nearly 90% from its peak of $588.84 in October 2020, due to rising competition and changing macroeconomic conditions. Like the other names on this list, too much growth was factored in. The idea that pandemic-related tailwinds could continue was wishful thinking. However, if monetary policy becomes more accommodative and we get another run in higher-risk equities, Zoom is a stock that could really take off. Right now, this is one company that’s high on my watch list. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Stocks That Could Rocket If a Major Recession Doesn’t Materialize appeared first on InvestorPlace .', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto prices continue to remain flat as traders a traders await the FOMC\'s decision on interest rates. Insights: Monetary liquidity expectations are one driver moving crypto markets these days, though not in the way many think – even if easing is around the corner, liquidity is tight, argues CoinDesk columnist Noelle Acheson. Prices CoinDesk Market Index (CMI) 1,209 +19.0 ▲ 1.6% Bitcoin (BTC) $28,111 +228.3 ▲ 0.8% Ethereum (ETH) $1,793 +42.7 ▲ 2.4% S&P 500 4,002.87 +51.3 ▲ 1.3% Gold $1,949 −30.6 ▼ 1.5% Nikkei 225 26,945.67 −388.1 ▼ 1.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia. Crypto markets are once again fairly flat as traders await the next release from the Federal Open Market Committee (FOMC). Bitcoin is up 0.1% in the last 24 hours to $28,163 while ether is up 1.5% to $1,794. Meanwhile, dogecoin is one of the market’s fastest-moving tokens, up 4% in the last 24 hours. The U.S. Dollar Index (DXY) is coming close to a five-week low at 103.19. One observation that’s been made is how the biggest stackers of sats appear to be the mini-whales, with wallets that hold greater than 10 bitcoins. This cohort is growing faster than the mega-whales, or those with a bitcoin balance greater than 10,000 bitcoins. (Glassnode) This suggests that there’s a new level of conviction forming for crypto, in light of macroeconomic events. Overall trading volume continues to be flat across the market as traders await the FOMC’s next announcement on interest rates. Stocks are also flat ahead of the Fed’s policy decision. Prediction markets are pricing in an 85% chance of a 25 bps increase after the March meeting, while survey results from CME’s FedWatch put that number at 89%, up from 69% a week ago. A CNBC survey shows that traders now have mixed opinions about Federal Reserve rate hikes with only 52% saying that the Fed should hike rates. Story continues It remains to be seen how this new group of sats stackers will react if the Fed slows interest rates as the year progresses. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +22.7% Currency Cardano ADA +11.8% Smart Contract Platform Stellar XLM +9.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −1.2% Entertainment Solana SOL −0.7% Smart Contract Platform Insights Bitcoin and the Liquidity Question: More Complex Than It Seems By Noelle Acheson Three years ago this past weekend, markets were reeling from a particularly bad week. The S&P 500 had lost almost 17% of its value, the Dow Jones Industrial Average had suffered its worst one-day drop on record, and bitcoin (BTC) had plummeted over 50% to just below $4,000 before recovering slightly. The number of COVID-19 cases was rocketing up around the world; New York City was closing all bars, restaurants and schools; in Spain, we were several days into lockdown. Things were looking bad. The financial machine was springing into action. On March 15, 2020 , the U.S. Federal Reserve slashed its benchmark interest rate by 100 basis points to almost zero and committed to boosting its bond holdings by at least $700 billion. The message was one of “we’ll do whatever it takes,” and it worked. The global economy staggered and then limped, but markets soared. That week made history on so many levels. It also unleashed a wave of armchair virologists on Twitter to keep us up to date with every minutia of the COVID threat. We didn’t know it then but that wave set us up for what we’re living through today. If you’ve spent any time on Twitter over the past week, you’ll have noticed a new breed of liquidity experts telling us that the Fed’s actions over the past few days mark a reversion to quantitative easing (QE) and/or a pivot. In 2020, more of us got into the habit of getting our news from Twitter, regardless of the quality. Fast forward three years and we have a similar mindset: New liquidity pontificators are trying to teach bona fide experts, and disinformation blends with nuance to create an uncomfortable mix of hope, distrust and confusion. Superficial social media analysis aside, the events of three years ago also set us up for what we’re going through today on a more serious level. The liquidity that the Fed would inject into the economy in 2020-2021 created an easy money environment that pushed up asset values, flooded startups with eager venture capital funding and loaded bank balance sheets with low-yielding government bonds as well as some riskier securities. It also ended up fuelling the steepest increase in consumer prices in over four decades. This, in turn, triggered the fastest interest rate hiking cycle since the 1980s, which decimated asset prices and destabilized the equilibrium between bank assets and liabilities. The crisis that began in 2020 as the pandemic introduced unprecedented stimulus entered a new phase three years later almost to the day, with the closure of three U.S. financial institutions in the space of a week and the disappearance of a 166-year-old global systemically important bank (Credit Suisse) as a separate organization. As it tends to do when faced with banking system strain, the Fed has again jumped into action. To make more funds available to meet withdrawals, two Sundays ago it announced the opening of a new financing facility called the Bank Term Funding Program (BTFP). This enables banks to deposit government debt as collateral in exchange for a loan of 100% of its face value, even if the collateral market value is much lower. Here is where the crypto market started to get excited. From a local low of $19,700 on Friday, March 10, BTC went on to soar 42% to over $28,000 nine days later. (Stock and bond markets also rallied, but by insignificant amounts in comparison.) Crypto Twitter celebrated the end of monetary tightening, the onset of a new QE and the dawn of a new bull run. Read the full version of this column here . Important events 3:00 p.m. HKT/SGT(7:00 UTC) England Consumer Price Index (YoY/Feb) 4:45 p.m. HKT/SGT(8:45 UTC) European Central Bank\'s President Lagarde Speech 2:00 a.m. HKT/SGT(18:00 UTC) United States Fed Interest Rate Decision CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $28K Ahead of Key Fed Decision; Crypto\'s First Supreme Court Appearance Bitcoin (BTC) has been bouncing around $28,000 as investors await the U.S. central bank\'s next interest rate decision on Wednesday. This came as the U.S. Supreme Court will hear arguments in its first-ever crypto-related case later today. CoinRoutes CEO and co-founder Dave Weisberger along with BitMEX Acting CEO and Group Chief Financial Officer Stephan Lutz joined the conversation. Plus, Molly Mackinlay from Protocol Labs discussed the future of decentralized storage. Headlines Coinbase Argues an Arbitration Case in U.S. Supreme Court as Crypto Makes Its Debut : The first cryptocurrency matter to come up at the high court isn’t directly about digital assets but is a dispute over how courts should handle scuffles over arbitration. Magic Eden Embraces Ordinals, Releases Bitcoin NFT Marketplace : The popular NFT marketplace is integrating support for bitcoin wallets Hiro and Xverse to help traders list, purchase and sell Ordinal NFTs. Sushi DAO, Key Contributor Served With SEC Subpoena : The sushi token dropped 5.5% on the news. Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals : Previously, the exchange\'s users in Brazil could purchase crypto only with a credit card. Crypto Users Bridge Millions to zkSync Blockchain in Hopes of Token Airdrop : Over $8 million worth of tokens has been bridged to the network in the past week in anticipation of an airdrop, one that hasn\'t been confirmed.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto prices continue to remain flat as traders a traders await the FOMC\'s decision on interest rates.\nInsights:Monetary liquidity expectations are one driver moving crypto markets these days, though not in the way many think – even if easing is around the corner, liquidity is tight, argues CoinDesk columnist Noelle Acheson.\nCoinDesk Market Index (CMI)\n1,209\n+19.0▲1.6%\nBitcoin (BTC)\n$28,111\n+228.3▲0.8%\nEthereum (ETH)\n$1,793\n+42.7▲2.4%\nS&P 500\n4,002.87\n+51.3▲1.3%\nGold\n$1,949\n−30.6▼1.5%\nNikkei 225\n26,945.67\n−388.1▼1.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia.\nCrypto markets are once again fairly flat as traders await the next release from the Federal Open Market Committee (FOMC).\nBitcoin is up 0.1% in the last 24 hours to $28,163 while ether is up 1.5% to $1,794.\nMeanwhile, dogecoin is one of the market’s fastest-moving tokens, up 4% in the last 24 hours.\nThe U.S. Dollar Index (DXY) is coming close to a five-week low at 103.19.\nOne observation that’s been made is how the biggest stackers of sats appear to be the mini-whales, with wallets that hold greater than 10 bitcoins. This cohort is growing faster than the mega-whales, or those with a bitcoin balance greater than 10,000 bitcoins.\nThis suggests that there’s a new level of conviction forming for crypto, in light of macroeconomic events.\nOverall trading volume continues to be flat across the market as traders await the FOMC’s next announcement on interest rates. Stocks are also flat ahead of the Fed’s policy decision.\nPrediction marketsare pricing in an 85% chance of a 25 bps increase after the March meeting, while survey results fromCME’s FedWatchput that number at 89%, up from 69% a week ago.\nA CNBC surveyshows that traders now have mixed opinions about Federal Reserve rate hikes with only 52% saying that the Fed should hike rates.\nIt remains to be seen how this new group of sats stackers will react if the Fed slows interest rates as the year progresses.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+22.7%", "DACS Sector": "Currency"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+11.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+9.6%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22121.2%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22120.7%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin and the Liquidity Question: More Complex Than It Seems\nBy Noelle Acheson\nThree years ago this past weekend, markets were reeling from a particularly bad week. The S&P 500 had lost almost 17% of its value, the Dow Jones Industrial Average had suffered its worst one-day drop on record, and bitcoin (BTC) had plummeted over 50% to just below $4,000 before recovering slightly. The number of COVID-19 cases was rocketing up around the world; New York City was closing all bars, restaurants and schools; in Spain, we wereseveral daysinto lockdown. Things were looking bad.\nThe financial machine was springing into action. OnMarch 15, 2020, the U.S. Federal Reserve slashed its benchmark interest rate by 100 basis points to almost zero and committed to boosting its bond holdings by at least $700 billion. The message was one of “we’ll do whatever it takes,” and it worked. The global economy staggered and then limped, but markets soared.\nThat week made history on so many levels. It also unleashed a wave of armchair virologists on Twitter to keep us up to date with every minutia of the COVID threat. We didn’t know it then but that wave set us up for what we’re living through today.\nIf you’ve spent any time on Twitter over the past week, you’ll have noticed a new breed of liquidity experts telling us that the Fed’s actions over the past few days mark a reversion to quantitative easing (QE) and/or a pivot. In 2020, more of us got into the habit of getting our news from Twitter, regardless of the quality. Fast forward three years and we have a similar mindset: New liquidity pontificators are trying to teachbona fideexperts, and disinformation blends with nuance to create an uncomfortable mix of hope, distrust and confusion.\nSuperficial social media analysis aside, the events of three years ago also set us up for what we’re going through today on a more serious level. The liquidity that the Fed would inject into the economy in 2020-2021 created an easy money environment that pushed up asset values, flooded startups with eager venture capital funding and loaded bank balance sheets with low-yielding government bonds as well as some riskier securities. It also ended up fuelling the steepest increase in consumer prices in over four decades.\nThis, in turn, triggered the fastest interest rate hiking cycle since the 1980s, which decimated asset prices and destabilized the equilibrium between bank assets and liabilities. The crisis that began in 2020 as the pandemic introduced unprecedented stimulus entered a new phase three years later almost to the day, with the closure of three U.S. financial institutions in the space of a week and the disappearance of a 166-year-old global systemically important bank (Credit Suisse) as a separate organization.\nAs it tends to do when faced with banking system strain, the Fed has again jumped into action. To make more funds available to meet withdrawals, two Sundays ago itannounced the openingof a new financing facility called the Bank Term Funding Program (BTFP). This enables banks to deposit government debt as collateral in exchange for a loan of 100% of its face value, even if the collateral market value is much lower.\nHere is where the crypto market started to get excited. From a local low of $19,700 on Friday, March 10, BTC went on to soar 42% to over $28,000 nine days later. (Stock and bond markets also rallied, but by insignificant amounts in comparison.) Crypto Twitter celebrated the end of monetary tightening, the onset of a new QE and the dawn of a new bull run.\nRead thefull version of this column here.\n3:00 p.m. HKT/SGT(7:00 UTC)England Consumer Price Index (YoY/Feb)\n4:45 p.m. HKT/SGT(8:45 UTC)European Central Bank\'s President Lagarde Speech\n2:00 a.m. HKT/SGT(18:00 UTC)United States Fed Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $28K Ahead of Key Fed Decision; Crypto\'s First Supreme Court Appearance\nBitcoin (BTC) has been bouncing around $28,000 as investors await the U.S. central bank\'s next interest rate decision on Wednesday. This came as the U.S. Supreme Court will hear arguments in its first-ever crypto-related case later today. CoinRoutes CEO and co-founder Dave Weisberger along with BitMEX Acting CEO and Group Chief Financial Officer Stephan Lutz joined the conversation. Plus, Molly Mackinlay from Protocol Labs discussed the future of decentralized storage.\nCoinbase Argues an Arbitration Case in U.S. Supreme Court as Crypto Makes Its Debut:The first cryptocurrency matter to come up at the high court isn’t directly about digital assets but is a dispute over how courts should handle scuffles over arbitration.\nMagic Eden Embraces Ordinals, Releases Bitcoin NFT Marketplace:The popular NFT marketplace is integrating support for bitcoin wallets Hiro and Xverse to help traders list, purchase and sell Ordinal NFTs.\nSushi DAO, Key Contributor Served With SEC Subpoena:The sushi token dropped 5.5% on the news.\nCoinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals:Previously, the exchange\'s users in Brazil could purchase crypto only with a credit card.\nCrypto Users Bridge Millions to zkSync Blockchain in Hopes of Token Airdrop:Over $8 million worth of tokens has been bridged to the network in the past week in anticipation of an airdrop, one that hasn\'t been confirmed.', 'Bitcoin traded above the US$28,000 mark on Wednesday morning in Asia amid a rebound in\xa0most top 10 non-stablecoin cryptocurrencies. XRP led the winners with a surge of over 20% on expectations it may win a favorable ruling in an SEC lawsuit. U.S. equities rallied into Tuesday as Treasury Secretary Janet Yellen doubled-down on commitments to backstop troubled banks. The Federal Reserve announces its interest rate decision on Wednesday, with most analysts expecting a 25 basis-point increase.\nSee related article:Singapore to publish crypto, stablecoin consultation feedback by mid-2023\n• Bitcoin gained 0.52% in the past 24 hours to US$28,065 at 09:00 a.m. in Hong Kong, rising 13.22% for the week, according toCoinMarketCap data. The world’s largest cryptocurrency has surged about 70% year to date after slumping through most of last year.\n• Cathie Wood, the founder and chief executive officer of investment management fund Ark Invest, said in aBloomberg interviewthat Bitcoin’s price surge amid the bank failures in the U.S. this month point to more institutional acceptance of cryptocurrencies as a store of value.\n• TheBitcoin Fear & Greed index, a measure of crypto market sentiment, rose to a16-month highof 68 points on Tuesday, signaling that investors are becoming more optimistic than fearful.\n• Ether rose 2.10% to US$1,790, adding 4.99% for the past seven days. The token breached the US$1,800 mark last Saturday for the first time since August 2022, and has been fluctuating around that resistance ceiling.\n• XRP soared 21.87% to US$0.4618, posting a weekly gain of 23.67%. The rally came as the legal team of Ripple Labsmade a new filingto Judge Analisa Torres on Tuesday to back its defense in alawsuitfiled by the U.S. Securities and Exchange Commission (SEC). The Ripple Labs payment network is powered by XRP.\n• The total crypto market capitalization rose 1.05% in the past 24 hours to US$1.18 trillion. Total trading volume over the last 24 hours dropped 11.79% to US$67.74 billion.\n• U.S. equities continued a run up into Tuesday asTreasury Secretary Janet Yellen saidthat financial authorities would intervene if smaller lenders suffer bank runs, convincing some investorsthe banking system was stabilizing after a series of failures. The Dow Jones Industrial Average moved up 0.98%, the S&P 500 added 1.30%, and the Nasdaq Composite Index rose 1.58%.\n• All eyes are now on the Federal Reserve’s decision on interest rates on Wednesday, as the U.S. central bank weighs inflation concerns against financial stability. The consensus is for a raise of 25 basis points, though some analysts predict the Fed will leave the rate unchanged in the face of the bank failures and forced rescues of the past two weeks.\n• U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 89.3% chance the Fed will raise the rate by another 25 basis points on Wednesday, with a 10.3% likelihood for no change, down from 26.2% on Tuesday.\n• U.S. stock futures traded largely flat as of 9:00 a.m. in Hong Kong as investors awaited the Fed’s decision. The Dow Jones Industrial Average dipped 0.04%. The S&P 500 futures edged up 0.01%. The Nasdaq Composite Index inched 0.02% higher.\nSee related article:Crypto needs to look abroad as US exchanges go unbanked', 'Bitcoin traded above the US$28,000 mark on Wednesday morning in Asia amid a rebound in\xa0most top 10 non-stablecoin cryptocurrencies. XRP led the winners with a surge of over 20% on expectations it may win a favorable ruling in an SEC lawsuit. U.S. equities rallied into Tuesday as Treasury Secretary Janet Yellen doubled-down on commitments to backstop troubled banks. The Federal Reserve announces its interest rate decision on Wednesday, with most analysts expecting a 25 basis-point increase. See related article: Singapore to publish crypto, stablecoin consultation feedback by mid-2023 Fast facts Bitcoin gained 0.52% in the past 24 hours to US$28,065 at 09:00 a.m. in Hong Kong, rising 13.22% for the week, according to CoinMarketCap data . The world\x92s largest cryptocurrency has surged about 70% year to date after slumping through most of last year. Cathie Wood, the founder and chief executive officer of investment management fund Ark Invest, said in a Bloomberg interview that Bitcoin\x92s price surge amid the bank failures in the U.S. this month point to more institutional acceptance of cryptocurrencies as a store of value. The Bitcoin Fear & Greed index , a measure of crypto market sentiment, rose to a 16-month high of 68 points on Tuesday, signaling that investors are becoming more optimistic than fearful. Ether rose 2.10% to US$1,790, adding 4.99% for the past seven days. The token breached the US$1,800 mark last Saturday for the first time since August 2022, and has been fluctuating around that resistance ceiling. XRP soared 21.87% to US$0.4618, posting a weekly gain of 23.67%. The rally came as the legal team of Ripple Labs made a new filing to Judge Analisa Torres on Tuesday to back its defense in a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The Ripple Labs payment network is powered by XRP. The total crypto market capitalization rose 1.05% in the past 24 hours to US$1.18 trillion. Total trading volume over the last 24 hours dropped 11.79% to US$67.74 billion. U.S. equities continued a run up into Tuesday as Treasury Secretary Janet Yellen said that financial authorities would intervene if smaller lenders suffer bank runs, convincing some investors the banking system was stabilizing after a series of failures . The Dow Jones Industrial Average moved up 0.98%, the S&P 500 added 1.30%, and the Nasdaq Composite Index rose 1.58%. All eyes are now on the Federal Reserve\x92s decision on interest rates on Wednesday, as the U.S. central bank weighs inflation concerns against financial stability. The consensus is for a raise of 25 basis points, though some analysts predict the Fed will leave the rate unchanged in the face of the bank failures and forced rescues of the past two weeks. U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group expect a 89.3% chance the Fed will raise the rate by another 25 basis points on Wednesday, with a 10.3% likelihood for no change, down from 26.2% on Tuesday. U.S. stock futures traded largely flat as of 9:00 a.m. in Hong Kong as investors awaited the Fed\x92s decision. The Dow Jones Industrial Average dipped 0.04%. The S&P 500 futures edged up 0.01%. The Nasdaq Composite Index inched 0.02% higher. See related article: Crypto needs to look abroad as US exchanges go unbanked', 'Bitcoin traded above the US$28,000 mark on Wednesday morning in Asia amid a rebound in\xa0most top 10 non-stablecoin cryptocurrencies. XRP led the winners with a surge of over 20% on expectations it may win a favorable ruling in an SEC lawsuit. U.S. equities rallied into Tuesday as Treasury Secretary Janet Yellen doubled-down on commitments to backstop troubled banks. The Federal Reserve announces its interest rate decision on Wednesday, with most analysts expecting a 25 basis-point increase.\nSee related article:Singapore to publish crypto, stablecoin consultation feedback by mid-2023\n• Bitcoin gained 0.52% in the past 24 hours to US$28,065 at 09:00 a.m. in Hong Kong, rising 13.22% for the week, according toCoinMarketCap data. The world’s largest cryptocurrency has surged about 70% year to date after slumping through most of last year.\n• Cathie Wood, the founder and chief executive officer of investment management fund Ark Invest, said in aBloomberg interviewthat Bitcoin’s price surge amid the bank failures in the U.S. this month point to more institutional acceptance of cryptocurrencies as a store of value.\n• TheBitcoin Fear & Greed index, a measure of crypto market sentiment, rose to a16-month highof 68 points on Tuesday, signaling that investors are becoming more optimistic than fearful.\n• Ether rose 2.10% to US$1,790, adding 4.99% for the past seven days. The token breached the US$1,800 mark last Saturday for the first time since August 2022, and has been fluctuating around that resistance ceiling.\n• XRP soared 21.87% to US$0.4618, posting a weekly gain of 23.67%. The rally came as the legal team of Ripple Labsmade a new filingto Judge Analisa Torres on Tuesday to back its defense in alawsuitfiled by the U.S. Securities and Exchange Commission (SEC). The Ripple Labs payment network is powered by XRP.\n• The total crypto market capitalization rose 1.05% in the past 24 hours to US$1.18 trillion. Total trading volume over the last 24 hours dropped 11.79% to US$67.74 billion.\n• U.S. equities continued a run up into Tuesday asTreasury Secretary Janet Yellen saidthat financial authorities would intervene if smaller lenders suffer bank runs, convincing some investorsthe banking system was stabilizing after a series of failures. The Dow Jones Industrial Average moved up 0.98%, the S&P 500 added 1.30%, and the Nasdaq Composite Index rose 1.58%.\n• All eyes are now on the Federal Reserve’s decision on interest rates on Wednesday, as the U.S. central bank weighs inflation concerns against financial stability. The consensus is for a raise of 25 basis points, though some analysts predict the Fed will leave the rate unchanged in the face of the bank failures and forced rescues of the past two weeks.\n• U.S. interest rates are between 4.5% to 4.75%, the highest since October 2007. Analysts at theCME Groupexpect a 89.3% chance the Fed will raise the rate by another 25 basis points on Wednesday, with a 10.3% likelihood for no change, down from 26.2% on Tuesday.\n• U.S. stock futures traded largely flat as of 9:00 a.m. in Hong Kong as investors awaited the Fed’s decision. The Dow Jones Industrial Average dipped 0.04%. The S&P 500 futures edged up 0.01%. The Nasdaq Composite Index inched 0.02% higher.\nSee related article:Crypto needs to look abroad as US exchanges go unbanked', 'The Texas legislature introduceda bill on Tuesdayto attract more Bitcoin-related businesses to the state and protect the rights of Bitcoin holders, miners, and developers, according to the text of the proposed legislation.\nSee related story:Bitcoin hashrate slumps to lowest in over five months amid 100-degree-plus weather in Texas\n• Thebillwill provide legal protection for those owning and engaging in Bitcoin-related activities, including the immunity afforded by censorship-resistant Bitcoin spending and the ability to store Bitcoin in an unhosted wallet without state interference.\n• Bitcoin miners will be free to engage in mining without restrictions from any law or resolution and to seek out any form of energy for securing the Bitcoin network, according to the bill.\n• Texas will support individuals who code or develop on the Bitcoin network under Section 8, Article I of the Texas Constitution, which protects freedom of speech and the press.\n• The bill cited the Chinese government’s banning of bitcoin mining and trading in 2021 has led to the quick migration of miners from China to the United States, particularly to Texas, due to the state’s crypto-friendly regulations and relatively low-cost electricity.\n• Texas has the fourth-highest Bitcoin hash rate, accounting for 14% of the total hash rate in the United States, according to Foundry USA, the biggest mining pool in North America and the fifth-largest globally.\n• In a related development, Florida Governor Ron DeSantis on March 20 proposed a bill to the local legislature to ban central bank digital currencies (CBDCs), both foreign and domestic, from being used in Florida, saying they can be used as a means of surveillance on citizens. CBDCs are issued and controlled by central banks, unlike stablecoins and cryptocurrencies like Bitcoin.\n• Amid criticism of excessive energy use by Bitcoin miners, U.S. President Joe Biden on March 9proposeda 30% tax on electricity used in cryptocurrency mining in his budget blueprint for Fiscal Year 2024.\nSee related story:China’s mining exodus flows to U.S. Is Texas the new promised land?', 'The Texas legislature introduced a bill on Tuesday to attract more Bitcoin-related businesses to the state and protect the rights of Bitcoin holders, miners, and developers, according to the text of the proposed legislation. See related story: Bitcoin hashrate slumps to lowest in over five months amid 100-degree-plus weather in Texas Fast facts The bill will provide legal protection for those owning and engaging in Bitcoin-related activities, including the immunity afforded by censorship-resistant Bitcoin spending and the ability to store Bitcoin in an unhosted wallet without state interference. Bitcoin miners will be free to engage in mining without restrictions from any law or resolution and to seek out any form of energy for securing the Bitcoin network, according to the bill. Texas will support individuals who code or develop on the Bitcoin network under Section 8, Article I of the Texas Constitution, which protects freedom of speech and the press. The bill cited the Chinese government\x92s banning of bitcoin mining and trading in 2021 has led to the quick migration of miners from China to the United States, particularly to Texas, due to the state\x92s crypto-friendly regulations and relatively low-cost electricity. Texas has the fourth-highest Bitcoin hash rate, accounting for 14% of the total hash rate in the United States, according to Foundry USA, the biggest mining pool in North America and the fifth-largest globally. In a related development, Florida Governor Ron DeSantis on March 20 proposed a bill to the local legislature to ban central bank digital currencies (CBDCs), both foreign and domestic, from being used in Florida, saying they can be used as a means of surveillance on citizens. CBDCs are issued and controlled by central banks, unlike stablecoins and cryptocurrencies like Bitcoin. Amid criticism of excessive energy use by Bitcoin miners, U.S. President Joe Biden on March 9 proposed a 30% tax on electricity used in cryptocurrency mining in his budget blueprint for Fiscal Year 2024. See related story: China\x92s mining exodus flows to U.S. Is Texas the new promised land?', 'The Texas legislature introduceda bill on Tuesdayto attract more Bitcoin-related businesses to the state and protect the rights of Bitcoin holders, miners, and developers, according to the text of the proposed legislation.\nSee related story:Bitcoin hashrate slumps to lowest in over five months amid 100-degree-plus weather in Texas\n• Thebillwill provide legal protection for those owning and engaging in Bitcoin-related activities, including the immunity afforded by censorship-resistant Bitcoin spending and the ability to store Bitcoin in an unhosted wallet without state interference.\n• Bitcoin miners will be free to engage in mining without restrictions from any law or resolution and to seek out any form of energy for securing the Bitcoin network, according to the bill.\n• Texas will support individuals who code or develop on the Bitcoin network under Section 8, Article I of the Texas Constitution, which protects freedom of speech and the press.\n• The bill cited the Chinese government’s banning of bitcoin mining and trading in 2021 has led to the quick migration of miners from China to the United States, particularly to Texas, due to the state’s crypto-friendly regulations and relatively low-cost electricity.\n• Texas has the fourth-highest Bitcoin hash rate, accounting for 14% of the total hash rate in the United States, according to Foundry USA, the biggest mining pool in North America and the fifth-largest globally.\n• In a related development, Florida Governor Ron DeSantis on March 20 proposed a bill to the local legislature to ban central bank digital currencies (CBDCs), both foreign and domestic, from being used in Florida, saying they can be used as a means of surveillance on citizens. CBDCs are issued and controlled by central banks, unlike stablecoins and cryptocurrencies like Bitcoin.\n• Amid criticism of excessive energy use by Bitcoin miners, U.S. President Joe Biden on March 9proposeda 30% tax on electricity used in cryptocurrency mining in his budget blueprint for Fiscal Year 2024.\nSee related story:China’s mining exodus flows to U.S. Is Texas the new promised land?', 'Ault Alliance Expects 50% Revenue Growth in 2023, Driven by Recent Acquisitions and Expansion Plans LAS VEGAS, March 22, 2023 --( BUSINESS WIRE )-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (" Ault Alliance " or the " Company "), today provided its 2023 revenue guidance of more than $200 million. This represents a growth of approximately 50% from its 2022 unaudited revenue of $134 million. The significant projected growth is attributed to various factors, including a full year of Circle 8 crane operations, which was acquired in December 2022, the planned expansion of Bitcoin mining operations in Montana and revenue from the BitNile.com metaverse platform, which is expected to be consolidated into the Company’s financial results in 2023. Ault Alliance’s four Midwest hotels continue to demonstrate solid growth as the travel industry recovers from the COVID-19 downturn. The Company’s defense business, Giga-tronics Incorporated, and its EV charging stations and power electronics operations, Imperalis Holding Corp. (also referred to as TurnOnGreen), are expected to be spun off to Ault Alliance stockholders as a special dividend this year, pending regulatory approvals. Milton "Todd" Ault III, Founder and Executive Chairman of Ault Alliance, stated, "The recent uptick in Bitcoin prices has positively impacted our mining operations at Michigan and provides hope for our planned Montana data center." Ault added, "In December, we acquired control of Circle 8 cranes, and this business is expected to contribute more than $50 million in revenue for 2023, along with strong EBITDA for the year." Despite the current disappointment with the trading price of the Company’s common stock, Ault Alliance remains optimistic about its growth prospects for 2023. The Company does not currently foresee any new acquisitions for the year, choosing instead to focus on completing ongoing expansion plans and spin-offs and the growth and profitability of its existing holdings. Story continues Ault Alliance’s annual 10-K report is expected to be filed on or before April 17, 2023. The Company notes that all estimates and other projections are subject to a number of factors that could result in decreased revenue for fiscal 2023, including, but not limited to: (i) the unforeseen delays in installation of Bitcoin miners, (ii) the volatility in, and downward pressure on, Bitcoin’s market price, (iii) the increase in the mining difficulty level, (iv) revenues and profits generated by its wholly owned subsidiary Ault Lending, LLC, and (v) a significant number of other factors that could adversely impact the results of production or operations. For more information on Ault Alliance and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov . About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com . Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statem
**Last 60 Days of Bitcoin's Closing Prices:**
[22777.62, 22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-22
**Financial & Commodity Data:**
- Gold Closing Price: $1946.80
- Crude Oil Closing Price: $70.90
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $544,625,906,375
- Hash Rate: 344229888.79749393
- Transaction Count: 297575.0
- Unique Addresses: 688658.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Call me naive, but I’ve always resisted the conspiracy theory that the anti-crypto stance adopted by certain U.S. regulators is meant to strangle this industry and protect the financial establishment it seeks to disrupt. I’ve preferred to see it as a wrong-headed but well-intended effort to protect consumers. Recent events have me wondering if something more sinister isn’t afoot. (And that maybe I am naive.) You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here . First, all indications are that the Securities and Exchange Commision will outright prohibit companies from providing staking services to retail customers in the U.S., products that give investors an opportunity to share in the token rewards that proof-of-stake blockchains deliver to validators. Following a hint from Coinbase CEO Brian Armstrong Wednesday that such a ban was coming, news broke Thursday that, in response to an SEC lawsuit, Coinbase competitor Kraken is indefinitely abandoning the staking service it offered to its U.S. customers and paying a $30 million fine. Second, per observations from Castle Ventures general partner Nic Carter and Blockchain Association chief policy officer Jake Chervinsky , and evident in other signs such as Binance’s problems with U.S. dollar bank transactions , it seems regulators are pressuring U.S. banks to stop servicing crypto companies. These latest moves will make it even harder for average U.S. citizens to participate in this industry, limiting it to large institutional investors, while various innovative startups looking to disrupt those same rent-seeking intermediaries will struggle to access liquidity. It’s hard to understand how these actions serve to protect consumers or further other policy objectives such as expanding financial inclusion. It feels as if government agents are deliberately trying to force this industry into the hands of Wall Street fat cats. Story continues But here’s the thing: Making it hard for Americans to invest in and build crypto projects won’t stop people outside of the U.S. from doing so. Hardline actions here will just push activity overseas. And while the U.S. might continue to generate business in “institutional crypto,” it will miss out on the true innovations occurring at grassroots levels . Staking ban? To be fair, SEC Chair Gary Gensler has been warning for some time that staking services could constitute unregistered securities, which would mean that exchanges such as Coinbase could be barred from listing them. The argument hinges on the income-like earnings that validators of proof-of-stake blockchains earn in the form of new tokens and transaction fees when they lock up pre-existing tokens, putting them at stake in a mechanism intended to keep them honest. It could be argued that the promise of fresh token income meets one part of the all-important Howey Test , which posits that for an investment instrument to be a security the investor needs to have an expectation of return. And from the complaint against Kraken, it appears that the exchange’s role as an intermediary managing the pool of staked token investment meant that, in the SEC’s eyes, it tripped up another Howey prerequisite: that the expected returns are “derived from the effort of others.” Fine. In a letter-of-the-law sense, the SEC’s backlash against staking may have some standing. But why do this now, and in such a brutal way, shutting down a well-functioning program in the U.S. without offering a company to get its program into an SEC-compliant structure? In a statement explaining her lone dissent on this action, SEC Commissioner Hester Peirce argued that the core problem is the overall inaction around creating a workable regulatory framework for crypto assets: “Whether one agrees with [the commission’s Kraken] analysis or not, the more fundamental question is whether SEC registration would have been possible. In the current climate, crypto-related offerings are not making it through the SEC’s registration pipeline. An offering like the staking service at issue here raises a host of complicated questions, including whether the staking program as a whole would be registered or whether each token’s staking program would be separately registered, what the important disclosures would be and what the accounting implications would be for Kraken.” Read more: Dan Kuhn - Crypto Would Survive an SEC Crackdown on Staking The timing here may be related to Ethereum’s development. It is less than six months since the second-largest blockchain successfully migrated from proof-of-work to proof-of-stake in what became known as the “Merge” and comes just before the blockchain launches its Shanghai upgrade, which will allow holders of locked ether tokens to unlock them. The action also comes just one month since the Commodity Futures and Exchange Commission declared ether to be a commodity – i.e., not a security – which suggests there might be a little turf war here. Determining the policy treatment of Ethereum is a key marker in the race to establish a regulatory standard for blockchains. More importantly, what is the greater purpose here? Securities law exists to protect small investors – specifically, unaccredited investors of lower income and wealth who are deemed to be less sophisticated and more vulnerable to abuse by the founder of an investment project than wealthier individuals and institutions. How is it that these retail investors in Ethereum are at risk now that they have a chance to earn yield on their tokens, but supposedly weren’t at risk when Ethereum was a proof-of-work chain with zero yield? Whatever the motive, the SEC’s move raises issues around the thorny matter of centralization risks in Ethereum’s validation network. Immediately after the Merge, concerns grew that a small pool of corporate-run staking pools were validating the bulk of Ethereum transactions and could collude to censor transactions. If hedge funds and venture capitalists are free to stake but small investors are not, doesn’t that risk rise? A solution, my colleague Daniel Kuhn writes , might lie in decentralized alternatives to Kraken’s offering, such as Lido and Rocketpool. But, given that U.S. regulators have signaled a belief that decentralized protocols aren’t outside their purview, is there not a risk the SEC would deem these projects illegal too and go after their founders and developers, in the vein of Tornado Cash (the Ethereum “mixer” that was sanctioned last year by the U.S. Treasury Department)? For now, it would seem there’s nothing stopping individual investors from staking the 32 ether needed to be a validator, but not everyone has that kind of money to put away (almost $50,000 at today’s prices). And, let’s be honest, doing this on your own is too complicated for Joe Public. Eventually, small U.S. investors might be able to gain easier staking exposure through tightly regulated exchange-traded funds, but the SEC has yet to approve a bitcoin exchange-traded fund, let alone an ether ETF. Another outcome is that retail investors’ priorities might shift back to proof-of-work chains such as Bitcoin. But it’s baffling that the SEC would want to promote that considering it’s also devising guidelines for environmental, social and governance (ESG) standards and Bitcoin’s carbon footprint is now massively larger than Ethereum’s on account of the latter’s move to proof-of-stake. In all of this, it seems we can expect to remain baffled because the SEC rarely offers comprehensive guidance on its crypto thinking. (Rachel Sun/CoinDesk) Gensler and his defenders might counter that he has consistently warned that most, if not all, tokens are securities. But the industry’s gripe goes beyond that. It’s that, other than the occasional public invitations to “come in and talk to us,” there’s been no real effort to collaboratively develop a regulatory framework that accommodates the unique, decentralized features of this technology. Worse, industry leaders say, the SEC practices “regulation through enforcement,” with the Kraken suit being a case in point, which leaves everyone on their toes. The practice might be a good way for the SEC to show off its bureaucratic clout but, without a clear legal framework for how to move things forward and reduce the risk of such enforcement actions, it fosters uncertainty and fear. And that’s antithetical to innovation and entrepreneurship. New 'Operation Choke Point' Meanwhile, an even more stealthy regulation-by-enforcement approach is playing out in banking supervision. As Nic Carter explained in his blog post, the widespread reports that U.S. banks are being instructed not to service crypto providers comes with no official communication from any regulator. He compared it to “Operation Choke Point,” a stealth campaign during the Obama administration to restrict fund flows to fringe but entirely legal services such as gun stores, marijuana dispensaries and porn providers. Without a clear legal framework for how to move things forward, these enforcement actions foster uncertainty and fear. The new, unannounced policy was likely a factor in Signature Bank’s move to close the international arm of Binance’s account, which led the world’s biggest crypto exchange by volume to announce that it was temporarily suspending U.S. dollar transfers. I got wind of the crackdown last month when the London-based head of an Eastern European bank told me that SWIFT, the U.S.-headquartered international bank messaging service, was telling banks it would not permit large transfers to providers of “crypto” services. The banker’s comment got me thinking: What defines “crypto?” Therein lies another problem: Banks have some discretion in how they will carry out these instructions. Do we honestly believe they will stop dealing with BNY Mellon, the world’s largest custodian bank, because it now custodies bitcoin ? Would Microsoft have its bank accounts shut off because it works on blockchain and metaverse projects ? Legislative clarity These events underscore the crying need for U.S. regulatory clarity around cryptocurrencies, specifically in the form of new legislation from Congress. The SEC’s actions against staking tokens might be technically in line with the Howey Test precedent and with the commission’s guiding statute, but those Depression-era laws now seem woefully out of date. And as the Blockchain Association’s Chervinsky noted, when there’s a vacuum in legal clarity, regulators tend to default to the kind of stealth operations described above. Meanwhile, other jurisdictions – big ones such as the European Union and Japan, and smaller ones such as Bermuda – are moving forward with clear rules of the road for digital assets, cryptocurrencies and blockchains. That’s going to mean that innovation and trading activity that would otherwise have occurred in the U.S. will shift offshore. Obviously, regulators in Washington, D.C., are under pressure to take action against “crypto” right now, given the high-profile blowups of last year. But doing so in this ad hoc, seemingly capricious, counterproductive fashion will ultimately backfire....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains * Some losses pared after Yellen remarks By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday as U.S. bond yields fell sharply after the Federal Reserve sounded close to calling time on interest rate hikes. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike. That\'s a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. The dollar pared some of its losses when U.S. Treasury Secretary Janet Yellen set off another round of bank stock selling and jitters over stability by telling Congress she hasn\'t considered or discussed blanket insurance for deposits. The euro strengthened as much as 1.3% to its highest since early February at $1.0912, though by the Asian morning it had dropped back to bought $1.0872. Sterling also shot to a seven-week high as British inflation unexpectedly rose, leaving it at an eye-watering 10.4% and heaping pressure on the Bank of England to raise rates and sound hawkish at its meeting later in the day. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. Two-year Treasury yields fell 22 bps on Wednesday. The shift in tone from the Fed makes it less likely that markets return to worrying that strong economic data is going to lead to more and more rate hikes, said NatWest Markets head of G10 FX strategy Brian Daingerfield. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse. The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238. Sterling bought $1.2282 after rising as high as $1.2334 overnight. Markets have priced a 25bp hike from the BoE. The focus on the banking front is now primarily on U.S. regional lenders where worry of a contagious run on deposits remains elevated. Fed Chair Jerome Powell said deposit flows have stabilised in the last week, and smaller lenders said they took some comfort from Yellen\'s remarks that deposit insurance would be considered were there to be a contagion risk. That "took the anxiety out of the room," according to Daniel Kimbell, an executive at the local Passumpsic Bank in St Johnsbury, Vermont. Bitcoin fell 3% to $27,360 after a series of U.S. Securities and Exchange Commission lawsuits over crypto promotion put a dampener on digital assets. ======================================================== Currency bid prices at 0050 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0875 $1.0856 +0.16% +1.47% +1.0876 +1.0854 Dollar/Yen 131.0750 131.3900 -0.18% +0.00% +131.4550 +131.1600 Euro/Yen 142.56 142.67 -0.08% +1.61% +142.7900 +142.4500 Dollar/Swiss 0.9168 0.9175 -0.07% -0.84% +0.9173 +0.9166 Sterling/Dollar 1.2285 1.2269 +0.11% +1.56% +1.2287 +1.2266 Dollar/Canadian 1.3708 1.3732 -0.17% +1.18% +1.3733 +1.3707 Aussie/Dollar 0.6707 0.6685 +0.35% -1.59% +0.6708 +0.6682 NZ Dollar/Dollar 0.6238 0.6222 +0.27% -1.75% +0.6239 +0.6221 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)', '* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains * Some losses pared after Yellen remarks By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday as U.S. bond yields fell sharply after the Federal Reserve sounded close to calling time on interest rate hikes. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike. That\'s a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. The dollar pared some of its losses when U.S. Treasury Secretary Janet Yellen set off another round of bank stock selling and jitters over stability by telling Congress she hasn\'t considered or discussed blanket insurance for deposits. The euro strengthened as much as 1.3% to its highest since early February at $1.0912, though by the Asian morning it had dropped back to bought $1.0872. Sterling also shot to a seven-week high as British inflation unexpectedly rose, leaving it at an eye-watering 10.4% and heaping pressure on the Bank of England to raise rates and sound hawkish at its meeting later in the day. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. Two-year Treasury yields fell 22 bps on Wednesday. The shift in tone from the Fed makes it less likely that markets return to worrying that strong economic data is going to lead to more and more rate hikes, said NatWest Markets head of G10 FX strategy Brian Daingerfield. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse. The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238. Sterling bought $1.2282 after rising as high as $1.2334 overnight. Markets have priced a 25bp hike from the BoE. The focus on the banking front is now primarily on U.S. regional lenders where worry of a contagious run on deposits remains elevated. Fed Chair Jerome Powell said deposit flows have stabilised in the last week, and smaller lenders said they took some comfort from Yellen\'s remarks that deposit insurance would be considered were there to be a contagion risk. That "took the anxiety out of the room," according to Daniel Kimbell, an executive at the local Passumpsic Bank in St Johnsbury, Vermont. Bitcoin fell 3% to $27,360 after a series of U.S. Securities and Exchange Commission lawsuits over crypto promotion put a dampener on digital assets. ======================================================== Currency bid prices at 0050 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0875 $1.0856 +0.16% +1.47% +1.0876 +1.0854 Dollar/Yen 131.0750 131.3900 -0.18% +0.00% +131.4550 +131.1600 Euro/Yen 142.56 142.67 -0.08% +1.61% +142.7900 +142.4500 Dollar/Swiss 0.9168 0.9175 -0.07% -0.84% +0.9173 +0.9166 Sterling/Dollar 1.2285 1.2269 +0.11% +1.56% +1.2287 +1.2266 Dollar/Canadian 1.3708 1.3732 -0.17% +1.18% +1.3733 +1.3707 Aussie/Dollar 0.6707 0.6685 +0.35% -1.59% +0.6708 +0.6682 NZ Dollar/Dollar 0.6238 0.6222 +0.27% -1.75% +0.6239 +0.6221 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and most other major cryptos fell after the Federal Reserve raised the interest rate 25 basis points and made clear that inflation remained its focus even after recent banking debacles.\nInsights:In a Q&A with CoinDesk, the chief technology officer of smart contract platform Conflux says the company\'s blockchain-enabled SIM card (BSIM) offers security and convenience.\nCoinDesk Market Index (CMI)\n1,178\n−30.9▼2.6%\nBitcoin (BTC)\n$27,294\n−820.7▼2.9%\nEthereum (ETH)\n$1,738\n−56.7▼3.2%\nS&P 500\n3,936.97\n−65.9▼1.6%\nGold\n$1,972\n+25.4▲1.3%\nNikkei 225\n27,466.61\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Hopeful Day Ends With a Slump\nThe U.S. Federal Reserve took the apparent path of least resistance, raising the interest rate 25 basis points to quash investor hopes that it would turn more dovish in the aftermath of a banking crisis that has rocked confidence in traditional financial services firms and the strength of the U.S. dollar.\nBitcoin (BTC) dithered in the immediate aftermath of the bank\'s decision before edging down steadily, even dipping below $27,000. The largest cryptocurrency by market capitalization was recently trading at $27,375, off 3.5%. Earlier in the day, as markets hoped for a cessation of the year-long regime of Fed rate increases, BTC zoomed above $28,700.\n"Risk aversion was able to drag down bitcoin as market jitters returned on banking worries and over a quickly weakening economy," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The Fed might be done tightening, but the risk of something else breaking in the financial sector remains elevated."\nEther also tumbled from highs over $1,800 to its more recent $1,737. The second-largest crypto in market value was off more than 3.3%. Nearly every other major crypto by market cap in the CoinDesk top 25 was well in the red with the main exceptions APT, the token of layer 1 blockchain Aptos, and LTC, the native crypto of open-source blockchain Litecoin. They rose more than 5% and 6%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 2.7%.\nThe crypto world, meanwhile, suffered its latest shocks with the U.S. Securities and Exchange Commission (SEC)warningcrypto exchange Coinbase it was pursuing enforcement action over securities violations andfilinga lawsuit against Tron founder Justin Sun on allegations of selling and airdropping unregistered securities, fraud and market manipulation. Tron was recently down 10%.\nOanda\'s Moya called the allegations against Sun "newsworthy."\n"Market manipulation is one part of the crypto world that still has yet to be cleaned up or even close to fully being addressed," he wrote.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22128.1%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22126.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22125.2%", "DACS Sector": "Smart Contract Platform"}]\nEverything You Might Want to Know About Conflux’s Blockchain SIM Card\nTokens of Conflux blockchains have been one of the top performers this year, rising 1,700% since Jan. 1 – from 2 cents to over 40 cents – and quickly reaching a market capitalization of over $800 million.\nThe growth has stemmed mainly from Coinflux’s deep roots in China and a blockchain-enabled SIM (BSIM) card that’s touted as a unique entryway for daily users to interact with cryptocurrency-based applications.\nThese are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CoinDeskhas reported. China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely be followed by pilots in key mainland China locations such as Shanghai. The BSIM card will manage and store the user\'s public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently and display their assets in a variety of applications. CoinDesk spoke with Ming Wu, Conflux\'s chief technology officer, to understand more about the BSIM, Conflux’s future plans, how the card is different than a crypto wallet and the disadvantages of using BSIM.\nHow does the BSIM card work, and how does it differ from a standard sim card?\nThe BSIM card essentially integrates the hardware crypto wallet functionality into the SIM card. It can manage and store the users’ public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. The BSIM card can also allow encrypted storage and key retrieval. The BSIM card has more than 10 times the storage capacity and computation power of a traditional SIM card.\nHow does the BSIM card “lower the barrier to entry” for metaverse applications?\nNowadays, there are a huge number of users of the SIM card. Most of them are users in the traditional world and outside of the Web3 world. They all are potential users who can be converted to Web3 users with the upgrade to the BSIM card. We are developing a mobile app wrapping the access to the BSIM card which will help those users to manage their digital assets based on their traditional habit and without requirement for the knowledge of the crypto keys. This will make it easy for them to take part in the activities in Web3 and the Metaverse. Meanwhile, for the original crypto users, BSIM card makes the access to the hardware wallet much more convenient. It brings a sweet spot of tradeoff between the security and the convenience to the users. So it will also be very attractive to those crypto users.\nWhat are the primary advantages of the BSIM vs. a crypto wallet?\nThe major advantage of BSIM card is that it provides the security of hardware cold wallet and also the convenience and portability simultaneously. Users may obtain very high security of their wallet simply by equipping their mobile phones with the BSIM card. And this will not break their normal user experiences of the phone.\nWhat are the potential disadvantages of the BSIM?\nThere will be a small disadvantage for some users who are very concerned about their privacy. In some regions, especially in mainland China, the BSIM card has to be acquired with [know-your-customer], so that your mobile phone number may be associated with your public key account. From another perspective, this may not be a weak point because this makes the way of using such crypto wallets more compliant in China so will get support from the Chinese government more easily. And this also makes it achievable to tie the users’ on-chain information in the virtual world with a bunch of off-chain information in the real world, and unify the metaverse and the real universe.\nWhat are the product development timelines? When do you expect to have a prototype to test in Hong Kong?\nWe have built prototype chips and tested them on the Conflux network. The feasibility has been verified. We are planning the volume production together with our China Telecom partner. We are expecting to make the production roll-out in Hong Kong this year.\nWith policy changes, increased support of blockchain technology and Justin Sun moving cryptocurrency exchange Huobi\'s Asia headquarters from Singapore to Hong Kong, Hong Kong has a very friendly policy to the crypto industry. And it has more and closer connections to mainland China. It has an appropriate role as a bridge connecting the Web3 industry in China to the broader global market.\nWhat will Conflux’s role be within this growth?\nConflux is the only regulatory compliant blockchain in China. It has solid technical design, implementation and maintenance supported by a world-class team with strong technical expertise. So, Conflux will naturally take the leading role to help Hong Kong and mainland China to carry out their expansions in the Web3 area.\nParis Blockchain Week\nNFT LA\n8 p.m. HKT/SGT(12 p.m. UTC):Bank of England interest rate decision.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $28K Ahead of Key Fed Decision; SVB Financial Bankruptcy Hearing Latest\nBitcoin continues to trade around $28,000 as crypto investors await the Federal Reserve\'s announcement about interest rates. Analysts anticipate the U.S. Federal Reserve to raise rates by a quarter-point, according to the CME FedWatch tool. eToro investment analyst Callie Cox and Matrixport head of research and strategy Markus Thielen joined the conversation.\nBinance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head:Binance abolished almost all zero-fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.\nShort-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos Future Price Direction:The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank\'s 25 basis point rate increase Wednesday.\nSEC Warns Coinbase It\'s Pursuing Enforcement Action Over Securities Violations:Coinbase says the Securities and Exchange Commission informed the company of plans to pursue an enforcement action against the exchange and its staking services, but few details were offered.\nTron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges:The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.\nRapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too:Federal Reserve Chair Jerome Powell says the speed of the Silicon Valley Bank run was “very different from what we’ve seen in the past.” It’s hard not to draw comparisons to the rapid withdrawals in crypto in 2022.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and most other major cryptos fell after the Federal Reserve raised the interest rate 25 basis points and made clear that inflation remained its focus even after recent banking debacles. Insights: In a Q&A with CoinDesk, the chief technology officer of smart contract platform Conflux says the company\'s blockchain-enabled SIM card (BSIM) offers security and convenience. Prices CoinDesk Market Index (CMI) 1,178 −30.9 ▼ 2.6% Bitcoin (BTC) $27,294 −820.7 ▼ 2.9% Ethereum (ETH) $1,738 −56.7 ▼ 3.2% S&P 500 3,936.97 −65.9 ▼ 1.6% Gold $1,972 +25.4 ▲ 1.3% Nikkei 225 27,466.61 +NaN ▲ NaN% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Hopeful Day Ends With a Slump The U.S. Federal Reserve took the apparent path of least resistance, raising the interest rate 25 basis points to quash investor hopes that it would turn more dovish in the aftermath of a banking crisis that has rocked confidence in traditional financial services firms and the strength of the U.S. dollar. Bitcoin (BTC) dithered in the immediate aftermath of the bank\'s decision before edging down steadily, even dipping below $27,000. The largest cryptocurrency by market capitalization was recently trading at $27,375, off 3.5%. Earlier in the day, as markets hoped for a cessation of the year-long regime of Fed rate increases, BTC zoomed above $28,700. "Risk aversion was able to drag down bitcoin as market jitters returned on banking worries and over a quickly weakening economy," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The Fed might be done tightening, but the risk of something else breaking in the financial sector remains elevated." Ether also tumbled from highs over $1,800 to its more recent $1,737. The second-largest crypto in market value was off more than 3.3%. Nearly every other major crypto by market cap in the CoinDesk top 25 was well in the red with the main exceptions APT, the token of layer 1 blockchain Aptos, and LTC, the native crypto of open-source blockchain Litecoin. They rose more than 5% and 6%, respectively. The CoinDesk Market Index , a measure of the crypto market\'s overall performance, was recently down 2.7%. Story continues The crypto world, meanwhile, suffered its latest shocks with the U.S. Securities and Exchange Commission (SEC) warning crypto exchange Coinbase it was pursuing enforcement action over securities violations and filing a lawsuit against Tron founder Justin Sun on allegations of selling and airdropping unregistered securities, fraud and market manipulation. Tron was recently down 10%. Oanda\'s Moya called the allegations against Sun "newsworthy." "Market manipulation is one part of the crypto world that still has yet to be cleaned up or even close to fully being addressed," he wrote. Biggest Gainers There are no gainers in CoinDesk 20 today. Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −8.1% Currency Loopring LRC −6.3% Smart Contract Platform Stellar XLM −5.2% Smart Contract Platform Insights Everything You Might Want to Know About Conflux’s Blockchain SIM Card Tokens of Conflux blockchains have been one of the top performers this year, rising 1,700% since Jan. 1 – from 2 cents to over 40 cents – and quickly reaching a market capitalization of over $800 million. The growth has stemmed mainly from Coinflux’s deep roots in China and a blockchain-enabled SIM (BSIM) card that’s touted as a unique entryway for daily users to interact with cryptocurrency-based applications. These are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CoinDesk has reported . China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely be followed by pilots in key mainland China locations such as Shanghai. The BSIM card will manage and store the user\'s public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently and display their assets in a variety of applications. CoinDesk spoke with Ming Wu, Conflux\'s chief technology officer, to understand more about the BSIM, Conflux’s future plans, how the card is different than a crypto wallet and the disadvantages of using BSIM. How does the BSIM card work, and how does it differ from a standard sim card? The BSIM card essentially integrates the hardware crypto wallet functionality into the SIM card. It can manage and store the users’ public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. The BSIM card can also allow encrypted storage and key retrieval. The BSIM card has more than 10 times the storage capacity and computation power of a traditional SIM card. How does the BSIM card “lower the barrier to entry” for metaverse applications? Nowadays, there are a huge number of users of the SIM card. Most of them are users in the traditional world and outside of the Web3 world. They all are potential users who can be converted to Web3 users with the upgrade to the BSIM card. We are developing a mobile app wrapping the access to the BSIM card which will help those users to manage their digital assets based on their traditional habit and without requirement for the knowledge of the crypto keys. This will make it easy for them to take part in the activities in Web3 and the Metaverse. Meanwhile, for the original crypto users, BSIM card makes the access to the hardware wallet much more convenient. It brings a sweet spot of tradeoff between the security and the convenience to the users. So it will also be very attractive to those crypto users. What are the primary advantages of the BSIM vs. a crypto wallet? The major advantage of BSIM card is that it provides the security of hardware cold wallet and also the convenience and portability simultaneously. Users may obtain very high security of their wallet simply by equipping their mobile phones with the BSIM card. And this will not break their normal user experiences of the phone. What are the potential disadvantages of the BSIM? There will be a small disadvantage for some users who are very concerned about their privacy. In some regions, especially in mainland China, the BSIM card has to be acquired with [know-your-customer], so that your mobile phone number may be associated with your public key account. From another perspective, this may not be a weak point because this makes the way of using such crypto wallets more compliant in China so will get support from the Chinese government more easily. And this also makes it achievable to tie the users’ on-chain information in the virtual world with a bunch of off-chain information in the real world, and unify the metaverse and the real universe. What are the product development timelines? When do you expect to have a prototype to test in Hong Kong? We have built prototype chips and tested them on the Conflux network. The feasibility has been verified. We are planning the volume production together with our China Telecom partner. We are expecting to make the production roll-out in Hong Kong this year. With policy changes, increased support of blockchain technology and Justin Sun moving cryptocurrency exchange Huobi\'s Asia headquarters from Singapore to Hong Kong, Hong Kong has a very friendly policy to the crypto industry. And it has more and closer connections to mainland China. It has an appropriate role as a bridge connecting the Web3 industry in China to the broader global market. What will Conflux’s role be within this growth? Conflux is the only regulatory compliant blockchain in China. It has solid technical design, implementation and maintenance supported by a world-class team with strong technical expertise. So, Conflux will naturally take the leading role to help Hong Kong and mainland China to carry out their expansions in the Web3 area. Important events Paris Blockchain Week NFT LA 8 p.m. HKT/SGT(12 p.m. UTC): Bank of England interest rate decision. CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Hovers Around $28K Ahead of Key Fed Decision; SVB Financial Bankruptcy Hearing Latest Bitcoin continues to trade around $28,000 as crypto investors await the Federal Reserve\'s announcement about interest rates. Analysts anticipate the U.S. Federal Reserve to raise rates by a quarter-point, according to the CME FedWatch tool. eToro investment analyst Callie Cox and Matrixport head of research and strategy Markus Thielen joined the conversation. Headlines Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head: Binance abolished almost all zero-fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair. Short-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos Future Price Direction: The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank\'s 25 basis point rate increase Wednesday. SEC Warns Coinbase It\'s Pursuing Enforcement Action Over Securities Violations: Coinbase says the Securities and Exchange Commission informed the company of plans to pursue an enforcement action against the exchange and its staking services, but few details were offered. Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges: The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume. Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too: Federal Reserve Chair Jerome Powell says the speed of the Silicon Valley Bank run was “very different from what we’ve seen in the past.” It’s hard not to draw comparisons to the rapid withdrawals in crypto in 2022.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and most other major cryptos fell after the Federal Reserve raised the interest rate 25 basis points and made clear that inflation remained its focus even after recent banking debacles.\nInsights:In a Q&A with CoinDesk, the chief technology officer of smart contract platform Conflux says the company\'s blockchain-enabled SIM card (BSIM) offers security and convenience.\nCoinDesk Market Index (CMI)\n1,178\n−30.9▼2.6%\nBitcoin (BTC)\n$27,294\n−820.7▼2.9%\nEthereum (ETH)\n$1,738\n−56.7▼3.2%\nS&P 500\n3,936.97\n−65.9▼1.6%\nGold\n$1,972\n+25.4▲1.3%\nNikkei 225\n27,466.61\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Hopeful Day Ends With a Slump\nThe U.S. Federal Reserve took the apparent path of least resistance, raising the interest rate 25 basis points to quash investor hopes that it would turn more dovish in the aftermath of a banking crisis that has rocked confidence in traditional financial services firms and the strength of the U.S. dollar.\nBitcoin (BTC) dithered in the immediate aftermath of the bank\'s decision before edging down steadily, even dipping below $27,000. The largest cryptocurrency by market capitalization was recently trading at $27,375, off 3.5%. Earlier in the day, as markets hoped for a cessation of the year-long regime of Fed rate increases, BTC zoomed above $28,700.\n"Risk aversion was able to drag down bitcoin as market jitters returned on banking worries and over a quickly weakening economy," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The Fed might be done tightening, but the risk of something else breaking in the financial sector remains elevated."\nEther also tumbled from highs over $1,800 to its more recent $1,737. The second-largest crypto in market value was off more than 3.3%. Nearly every other major crypto by market cap in the CoinDesk top 25 was well in the red with the main exceptions APT, the token of layer 1 blockchain Aptos, and LTC, the native crypto of open-source blockchain Litecoin. They rose more than 5% and 6%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 2.7%.\nThe crypto world, meanwhile, suffered its latest shocks with the U.S. Securities and Exchange Commission (SEC)warningcrypto exchange Coinbase it was pursuing enforcement action over securities violations andfilinga lawsuit against Tron founder Justin Sun on allegations of selling and airdropping unregistered securities, fraud and market manipulation. Tron was recently down 10%.\nOanda\'s Moya called the allegations against Sun "newsworthy."\n"Market manipulation is one part of the crypto world that still has yet to be cleaned up or even close to fully being addressed," he wrote.\nThere are no gainers in CoinDesk 20 today.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22128.1%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22126.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "\\u22125.2%", "DACS Sector": "Smart Contract Platform"}]\nEverything You Might Want to Know About Conflux’s Blockchain SIM Card\nTokens of Conflux blockchains have been one of the top performers this year, rising 1,700% since Jan. 1 – from 2 cents to over 40 cents – and quickly reaching a market capitalization of over $800 million.\nThe growth has stemmed mainly from Coinflux’s deep roots in China and a blockchain-enabled SIM (BSIM) card that’s touted as a unique entryway for daily users to interact with cryptocurrency-based applications.\nThese are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CoinDeskhas reported. China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely be followed by pilots in key mainland China locations such as Shanghai. The BSIM card will manage and store the user\'s public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently and display their assets in a variety of applications. CoinDesk spoke with Ming Wu, Conflux\'s chief technology officer, to understand more about the BSIM, Conflux’s future plans, how the card is different than a crypto wallet and the disadvantages of using BSIM.\nHow does the BSIM card work, and how does it differ from a standard sim card?\nThe BSIM card essentially integrates the hardware crypto wallet functionality into the SIM card. It can manage and store the users’ public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. The BSIM card can also allow encrypted storage and key retrieval. The BSIM card has more than 10 times the storage capacity and computation power of a traditional SIM card.\nHow does the BSIM card “lower the barrier to entry” for metaverse applications?\nNowadays, there are a huge number of users of the SIM card. Most of them are users in the traditional world and outside of the Web3 world. They all are potential users who can be converted to Web3 users with the upgrade to the BSIM card. We are developing a mobile app wrapping the access to the BSIM card which will help those users to manage their digital assets based on their traditional habit and without requirement for the knowledge of the crypto keys. This will make it easy for them to take part in the activities in Web3 and the Metaverse. Meanwhile, for the original crypto users, BSIM card makes the access to the hardware wallet much more convenient. It brings a sweet spot of tradeoff between the security and the convenience to the users. So it will also be very attractive to those crypto users.\nWhat are the primary advantages of the BSIM vs. a crypto wallet?\nThe major advantage of BSIM card is that it provides the security of hardware cold wallet and also the convenience and portability simultaneously. Users may obtain very high security of their wallet simply by equipping their mobile phones with the BSIM card. And this will not break their normal user experiences of the phone.\nWhat are the potential disadvantages of the BSIM?\nThere will be a small disadvantage for some users who are very concerned about their privacy. In some regions, especially in mainland China, the BSIM card has to be acquired with [know-your-customer], so that your mobile phone number may be associated with your public key account. From another perspective, this may not be a weak point because this makes the way of using such crypto wallets more compliant in China so will get support from the Chinese government more easily. And this also makes it achievable to tie the users’ on-chain information in the virtual world with a bunch of off-chain information in the real world, and unify the metaverse and the real universe.\nWhat are the product development timelines? When do you expect to have a prototype to test in Hong Kong?\nWe have built prototype chips and tested them on the Conflux network. The feasibility has been verified. We are planning the volume production together with our China Telecom partner. We are expecting to make the production roll-out in Hong Kong this year.\nWith policy changes, increased support of blockchain technology and Justin Sun moving cryptocurrency exchange Huobi\'s Asia headquarters from Singapore to Hong Kong, Hong Kong has a very friendly policy to the crypto industry. And it has more and closer connections to mainland China. It has an appropriate role as a bridge connecting the Web3 industry in China to the broader global market.\nWhat will Conflux’s role be within this growth?\nConflux is the only regulatory compliant blockchain in China. It has solid technical design, implementation and maintenance supported by a world-class team with strong technical expertise. So, Conflux will naturally take the leading role to help Hong Kong and mainland China to carry out their expansions in the Web3 area.\nParis Blockchain Week\nNFT LA\n8 p.m. HKT/SGT(12 p.m. UTC):Bank of England interest rate decision.\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Hovers Around $28K Ahead of Key Fed Decision; SVB Financial Bankruptcy Hearing Latest\nBitcoin continues to trade around $28,000 as crypto investors await the Federal Reserve\'s announcement about interest rates. Analysts anticipate the U.S. Federal Reserve to raise rates by a quarter-point, according to the CME FedWatch tool. eToro investment analyst Callie Cox and Matrixport head of research and strategy Markus Thielen joined the conversation.\nBinance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head:Binance abolished almost all zero-fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.\nShort-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos Future Price Direction:The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank\'s 25 basis point rate increase Wednesday.\nSEC Warns Coinbase It\'s Pursuing Enforcement Action Over Securities Violations:Coinbase says the Securities and Exchange Commission informed the company of plans to pursue an enforcement action against the exchange and its staking services, but few details were offered.\nTron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges:The regulator alleged TRX and BTT are unregistered securities, and claimed Sun created an "extensive wash trading" program to boost their trading volume.\nRapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too:Federal Reserve Chair Jerome Powell says the speed of the Silicon Valley Bank run was “very different from what we’ve seen in the past.” It’s hard not to draw comparisons to the rapid withdrawals in crypto in 2022.', 'Bitcoin fell on Thursday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies. XRP led the losers, while Litecoin gained. U.S equities fell after the Federal Reserve raised interest rates as expected on Wednesday but later said rates could be higher for longer, while the Treasury backed away from a blanket backstop for troubled banks. Adding to crypto concerns is a lawsuit against crypto entrepreneur Justin Sun and a warning to the Coinbase exchange about some of its staking products. See related article: Bitcoin buoyed as bank busts spook investors Fast facts Bitcoin dropped 2.53% in the past 24 hours to US$27,355 at 09:00 a.m. in Hong Kong, but still held a gain of 12.55% for the past seven days, according to CoinMarketCap data . The world\x92s largest cryptocurrency reached a nine-month high of US$28,803 before the slide that followed the Fed\x92s latest rate hike and hawkish comments. Ether dropped 2.85% to US$1,739, though is still up 5.6% over the seven days. XRP was the biggest loser in the 24 hours, sliding 8.66% to US$0.4219. However, it also is still up on the week by 17.57% after a surge in recent days on optimism the SEC lawsuit that involves the token is nearing resolution. Litecoin was the only top 10 non-stablecoin cryptocurrency that logged gains for the past 24 hours. The token rose 6.07% to US$86.63 for a weekly gain of 13.32%. On Wednesday, the U.S. SEC sued Justin Sun and three of his companies \x96 Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (previously known as BitTorro) \x96 for the sale and offer of Tronix (TRX) and BitTorrent (BTT), which were described by the SEC as unregistered \x93crypto asset securities\x94. It also charged the above with fraud and market manipulation, and sued eight celebrities for illegally promoting TRX and BTT, including Lindsay Lohan and Jake Paul. The U.S.-based crypto exchange Coinbase is facing another potential lawsuit from the SEC after receiving a Wells notice that said the exchange violated securities law, adding to the ongoing conflicts between Coinbase and U.S. regulators. The total crypto market capitalization dropped 2.31% in the past 24 hours to US$1.15 trillion. Total trading volume over the last 24 hours edged up 1.75% to US$68.93 billion. U.S. equities closed lower on Wednesday. The Dow Jones Industrial Average dropped 1.63%, the S&P 500 fell 1.65%, and the Nasdaq Composite Index lost 1.60%. The Federal Reserve on Wednesday raised its target range for U.S. interest rates by the expected 25 basis points to 4.75% to 5%, the ninth interest rate hike since March 2022. The Fed reaffirmed its goal to keep annual inflation below 2% and investors expect more rate hikes through the year, compared to earlier speculation for a pause due to failures and weakness in the banking industry. The U.S. consumer price index (CPI) rose 6% on year in February, a deceleration from 6.4% in January, but still well above the Fed\x92s 2% goal . Adding to concerns, U.S. Treasury Secretary Janet Yellen told a Senate Appropriations subcommittee that she had not considered or discussed a \x93blanket insurance or guarantees\x94 of all U.S. bank deposits, according to Reuters . Ahead of the opening of U.S. equity markets on Thursday, U.S. stock futures edged slightly higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.15%. The S&P 500 futures gained 0.12%. The Nasdaq Composite Index gained 0.09%. See related article: Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes', 'Bitcoin fell on Thursday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies. XRP led the losers, while Litecoin gained. U.S equities fell after theFederal Reserve raised interest rates as expected on Wednesdaybut later said rates could be higher for longer, while the Treasury backed away from a blanket backstop for troubled banks. Adding to crypto concerns is alawsuit against crypto entrepreneur Justin Sunand awarning to the Coinbase exchangeabout some of its staking products.\nSee related article:Bitcoin buoyed as bank busts spook investors\n• Bitcoin dropped 2.53% in the past 24 hours to US$27,355 at 09:00 a.m. in Hong Kong, but still held a gain of 12.55% for the past seven days, according toCoinMarketCap data. The world’s largest cryptocurrency reached a nine-month high of US$28,803 before the slide that followed the Fed’s latest rate hike and hawkish comments.\n• Ether dropped 2.85% to US$1,739, though is still up 5.6% over the seven days.\n• XRP was the biggest loser in the 24 hours, sliding 8.66% to US$0.4219. However, it also is still up on the week by 17.57% after a surge in recent days on optimism theSEC lawsuitthat involves the token is nearing resolution.\n• Litecoin was the only top 10 non-stablecoin cryptocurrency that logged gains for the past 24 hours. The token rose 6.07% to US$86.63 for a weekly gain of 13.32%.\n• On Wednesday, the U.S. SEC sued Justin Sun and three of his companies – Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (previously known as BitTorro) – for the sale and offer of Tronix (TRX) and BitTorrent (BTT), which were described by the SEC as unregistered “crypto asset securities”. It also charged the above with fraud and market manipulation, and sued eight celebrities for illegally promoting TRX and BTT, including Lindsay Lohan and Jake Paul.\n• The U.S.-based crypto exchange Coinbase is facing another potential lawsuit from the SEC after receiving a Wells notice that said the exchange violated securities law, adding to theongoing conflictsbetween Coinbase and U.S. regulators.\n• The total crypto market capitalization dropped 2.31% in the past 24 hours to US$1.15 trillion. Total trading volume over the last 24 hours edged up 1.75% to US$68.93 billion.\n• U.S. equities closed lower on Wednesday. The Dow Jones Industrial Average dropped 1.63%, the S&P 500 fell 1.65%, and the Nasdaq Composite Index lost 1.60%.\n• The Federal Reserve on Wednesday raised its target range for U.S. interest rates by the expected 25 basis points to 4.75% to 5%, the ninth interest rate hike since March 2022.\n• The Fedreaffirmedits goal to keep annual inflation below 2% and investors expect more rate hikes through the year, compared to earlier speculation for a pause due to failures and weakness in the banking industry. The U.S. consumer price index (CPI) rose6%on year in February, a deceleration from 6.4% in January, but still well above theFed’s 2% goal.\n• Adding to concerns, U.S. Treasury Secretary Janet Yellentolda Senate Appropriations subcommittee that she had not considered or discussed a “blanket insurance or guarantees” of all U.S. bank deposits, according toReuters.\n• Ahead of the opening of U.S. equity markets on Thursday, U.S. stock futures edged slightly higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.15%. The S&P 500 futures gained 0.12%. The Nasdaq Composite Index gained 0.09%.\nSee related article:Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes', 'Bitcoin fell on Thursday morning in Asia along with most other top 10 non-stablecoin cryptocurrencies. XRP led the losers, while Litecoin gained. U.S equities fell after theFederal Reserve raised interest rates as expected on Wednesdaybut later said rates could be higher for longer, while the Treasury backed away from a blanket backstop for troubled banks. Adding to crypto concerns is alawsuit against crypto entrepreneur Justin Sunand awarning to the Coinbase exchangeabout some of its staking products.\nSee related article:Bitcoin buoyed as bank busts spook investors\n• Bitcoin dropped 2.53% in the past 24 hours to US$27,355 at 09:00 a.m. in Hong Kong, but still held a gain of 12.55% for the past seven days, according toCoinMarketCap data. The world’s largest cryptocurrency reached a nine-month high of US$28,803 before the slide that followed the Fed’s latest rate hike and hawkish comments.\n• Ether dropped 2.85% to US$1,739, though is still up 5.6% over the seven days.\n• XRP was the biggest loser in the 24 hours, sliding 8.66% to US$0.4219. However, it also is still up on the week by 17.57% after a surge in recent days on optimism theSEC lawsuitthat involves the token is nearing resolution.\n• Litecoin was the only top 10 non-stablecoin cryptocurrency that logged gains for the past 24 hours. The token rose 6.07% to US$86.63 for a weekly gain of 13.32%.\n• On Wednesday, the U.S. SEC sued Justin Sun and three of his companies – Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (previously known as BitTorro) – for the sale and offer of Tronix (TRX) and BitTorrent (BTT), which were described by the SEC as unregistered “crypto asset securities”. It also charged the above with fraud and market manipulation, and sued eight celebrities for illegally promoting TRX and BTT, including Lindsay Lohan and Jake Paul.\n• The U.S.-based crypto exchange Coinbase is facing another potential lawsuit from the SEC after receiving a Wells notice that said the exchange violated securities law, adding to theongoing conflictsbetween Coinbase and U.S. regulators.\n• The total crypto market capitalization dropped 2.31% in the past 24 hours to US$1.15 trillion. Total trading volume over the last 24 hours edged up 1.75% to US$68.93 billion.\n• U.S. equities closed lower on Wednesday. The Dow Jones Industrial Average dropped 1.63%, the S&P 500 fell 1.65%, and the Nasdaq Composite Index lost 1.60%.\n• The Federal Reserve on Wednesday raised its target range for U.S. interest rates by the expected 25 basis points to 4.75% to 5%, the ninth interest rate hike since March 2022.\n• The Fedreaffirmedits goal to keep annual inflation below 2% and investors expect more rate hikes through the year, compared to earlier speculation for a pause due to failures and weakness in the banking industry. The U.S. consumer price index (CPI) rose6%on year in February, a deceleration from 6.4% in January, but still well above theFed’s 2% goal.\n• Adding to concerns, U.S. Treasury Secretary Janet Yellentolda Senate Appropriations subcommittee that she had not considered or discussed a “blanket insurance or guarantees” of all U.S. bank deposits, according toReuters.\n• Ahead of the opening of U.S. equity markets on Thursday, U.S. stock futures edged slightly higher as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures moved up 0.15%. The S&P 500 futures gained 0.12%. The Nasdaq Composite Index gained 0.09%.\nSee related article:Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes', '* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday after the U.S. Federal Reserve sounded close to calling time on interest rate hikes, which markets think are more or less over. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike, in contrast to Europe where markets see another 50 bps or so to go. The gap has sent the euro surging, with it touching a seven-week high of $1.0912 on Wednesday and coming close to testing it again at $1.0898 in the Asia session. Sterling also hovered near a
**Last 60 Days of Bitcoin's Closing Prices:**
[22720.42, 22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-23
**Financial & Commodity Data:**
- Gold Closing Price: $1993.80
- Crude Oil Closing Price: $69.96
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $528,491,542,881
- Hash Rate: 398152679.74955547
- Transaction Count: 295245.0
- Unique Addresses: 677191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.57
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: North Sydney, NSW --News Direct-- Mawson Infrastructure Group Inc By Ernest Dela Aglanu, Benzinga Learn More about Mawson Infrastructure Group, Inc by gaining access to the latest research report Highly Experienced Management And Board : The company is managed by a team of industry veterans led by its Founder and CEO, James Manning. Manning has 15 years of management experience across technology, accounting, logistics, and property development. The Bitcoin Mining sector breathed a collective sigh of relief in the past three weeks as Bitcoin has rallied from about $16,500 on Dec. 30 to nearly $23,000 at time of writing. Many of the Bitcoin miners have rallied dramatically in response, yet concerns remain about the energy consumption required to mine Bitcoin. The whole process uses a tremendous amount of electricity. For some context, the Cambridge Center for Alternative Finance (CCAF) estimates that Bitcoin alone consumes about 0.55% of electricity globally. Time For A Renewable Energy Mix? There is a belief that introducing a renewable energy mix of wind, solar, nuclear, and hydropower will not only help decarbonization and fight climate change but also help reduce pressure on power grids while improving bitcoin mining profitability. Thanks to companies like Mawson Infrastructure Group Inc. (NASDAQ: MIGI), cryptocurrency mining and blockchain technology are beginning to adopt renewable energy like nuclear as the primary electricity source. Since 2018 when it was founded, the global digital asset infrastructure company has demonstrated a commitment to achieving decarbonized mining operations. With an industry that is filled with players like Riot Platforms Inc. (NASDAQ: RIOT), BIT Mining Ltd. (NYSE: BTCM), Hut 8 Mining Corp. (TSE: HUT), Marathon Digital Holdings Inc. (NASDAQ: MARA), Bit Digital Inc. (NASDAQ: BTBT) and CleanSpark (NASDAQ: CLSK), Mawson looks to stand out of the bitcoin mining pack. What Makes Mawson Stand Out? One key strategy that seems to set this underknown and under-followed company apart from the rest is its diversified model focused on Bitcoin Self-Mining, Hosting Co-location services and Energy Markets. Story continues The company is engaged in the immediate sale of mined coins (not pursuing a HODL strategy of mining and holding Bitcoins to minimize the balance sheet risk of marking down revenues). The company has opportunistically moved to lower-priced energy areas in Pennsylvania and has established the financial flexibility of selling back millions of dollars of energy to the grid when it is more profitable than producing Bitcoins for sale. To continue to expand its operations at its two facilities in Pennsylvania, Mawson monetized its development of a mining facility in Georgia. Mawson highlights some of the following core activities: Mawson Self-Mining : Mawson engages in Bitcoin Self-Mining across its operations. Hosting Co-location : Mawson leverages its surplus infrastructure capacity to generate an additional revenue stream comprising hosting co-location services. Mawson Energy Markets Program : Mawson manages its Energy Markets Program through participation in curtailment and energy capacity sales. When energy prices are high and bitcoin prices are low, Mawson sells energy back to the grid. When energy prices are low, Mawson continues to mine for Bitcoin. Energy Markets generated unaudited $13.9 million in Q2 of 2022, as per the companys December update , which is similar to Riot Platforms (formerly Riot Blockchain). Secure Contracted Low-Cost Energy Pipeline : Low-cost energy infrastructure through securing Power Purchase Agreements (PPA). The existing energy infrastructure capacity available for Bitcoin Self-Mining and Hosting Co-location is currently over 360 megawatts (MW). Environmental, Social, And Corporate Governance (ESG) Focus Net Zero Carbon : 22,277 tons of C02 offsets purchased in 2020, 2021 carbon footprint assessed, Verified Carbon Units (VCU) offset pricing underway. 24,557 tons of CO2 emissions were avoided through its Energy Markets Program in 2022. 100,000 trees were planted in 2022. Governance Framework : Mawson says a responsible, accountable and ethical approach to corporate governance underpins the way the company does business. This article was originally published on Benzinga here . Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawsons vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation Mobile Data Center (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR- Colette Eymontt [email protected] Company Website https://mawsoninc.com/ View source version on newsdirect.com: https://newsdirect.com/news/as-bitcoin-rallies-eyes-are-on-bitcoin-miners-and-this-miner-could-benefit-from-its-recent-moves-886726397...
- Reddit Posts (Sample): [['u/moldyjellybean', "Do you think Fiat Banking is semi broken and held up by duct tape? Never thought I'd hear right from Jerome Powell's mouth the first sentence he said", 16, '2023-03-23 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/', '\nIf this quote doesn\'t make you believe more in BTC I\'m not sure what will. \n\n"In the past 2 weeks, serious difficulties. at a small number of banks has emerged. History has shown isolated banking problems if left unaddressed ...can undermine the entire banking system as a whole"\n\nThere are still pluses in the fiat banking system that btc doesn\'t have. Like if someone scams you, the bank will reverse the charge or go to bat for you. \n\nhttps://www.youtube.com/watch?v=mV0soBdvjtY\n\nStraight the top dog\'s mouth. This fragile system of trillions of dollars can be undermined by 2-3 small/mid size regional banks? \n\nThis system is held up by scrapes of duct tape and broken promises and charlatans.', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/', '11z0a28', [['u/Harold838383', 11, '2023-03-23 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/jda9q0u/', "It's funny when you find out about tokenomics you realise that the US dollar is dogshit", '11z0a28']]], ['u/fuzzyduck88', 'You can never win against the “Bitcoin is a Ponzi scheme / bubble” people.', 61, '2023-03-23 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/', 'Just food for thought (there’s nothing worthwhile in this post): \n\nYou see so many posts from people asking how can they argue their pro bitcoin agenda with anti crypto folk… or convince their friends and family why bitcoin is the way of the future… the answer is: YOU CANT and you shouldn’t try. \n\n(1) no matter how well your crypto is doing they can always say “it’s a bubble, it’s going to collapse, it’s a scam” and there’s no time limit on their argument. They can say it until 2060 and you’ll never prove them wrong. BUT there is the chance things go tits up and you end up looking like an idiot. \n\n(2) when things are good, they won’t remember you as the person who made money. If they do talk about it, it will be along the lines of “that idiot will lose all their money when this thing collapses”. \n\n(3) when things take a dive during a bear market THEY WILL remember you as “he’s the idiot who lost all their money on that scam”.\n\nDon’t get involved in an argument you can’t win.', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/', '11z0ugi', [['u/bkcrypt0', 23, '2023-03-23 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdacgl3/', ' Not worth the effort.', '11z0ugi'], ['u/Ofulinac', 12, '2023-03-23 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdad4wx/', 'You win by going past them in your new car or paying the mortgage and finally owning that house/apartment or hell, even building you always wanted.', '11z0ugi'], ['u/Ofulinac', 10, '2023-03-23 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdadj55/', 'Sure but do these comments even mean anything at that point? \n\nIts just words.', '11z0ugi']]], ['u/Jdirvin', 'Coinbase ID verification is software gore', 14, '2023-03-23 04:26', 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/', "How many times do I need to verify my ID??? Lmao. \n\nRecovering an account ->\n\nverify id and selfie -> \n\nmanual review approved -> \n\nattempt to send Bitcoin, account locked until id and selfie are verified, upload 3 pictures again -> \n\nverification approved -> \n\nattempt to send Bitcoin again -> \n\nTransaction delayed because id isn't verified... This is insane", 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/', '11z78pr', [['u/Jdirvin', 10, '2023-03-23 04:30', 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/jdb86x8/', 'Not in my experience', '11z78pr']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, March 23, 2023', 40, '2023-03-23 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/', '11z82fd', [['u/InvestorCoast', 10, '2023-03-23 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbln4r/', 'YTD Btc Volume & Dominance are gaining steam. A good signal btc is going to continue moving up.\n\nBtc is quickly retracing the down spike from yesterday (moving back up to 28,700). Should be able to move above 29K today.', '11z82fd'], ['u/dissociatives', 15, '2023-03-23 08:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbto94/', "Kicking myself hard. I'm not one to make predictions normally, but I called the bottom; I could just feel it in my fuckin bones.\n\nBut.... I didn't buy. Just didn't make financial sense at the time to cut into the nest egg. Time and time again, cycle after cycle, I've often ignored my intuition. Whether because of greed, apathy, or an over abundance of caution. I could have *easily* tripled my stack these past cycles if I'd only heeded my gut.\n\nMaybe you yourself have experienced something similar. So I wonder, how do you become more decisive? Do you have any specific strategies you use to validate your decision making process and mitigate emotional bias?\nThoughts?", '11z82fd'], ['u/Essexal', 16, '2023-03-23 08:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdburn1/', 'It does feel like that place is where the people who weren’t good at school hang out. \n\nWhile most of the comments are satire and jokes there are genuinely some people who can’t do maths and economics, let alone try doing both at the same time while remembering to breathe.\n\nThey tagged me as ‘bought butts for 1k’ which to them was hilarious through the ‘14-‘15 bear.\n\nNow what do you think they think? \n\nSome of them will be on their deathbed in 50 years time, and whether BTC is the world reserve currency by then or not they will still have that little bit of regret in them that they were wrong all along.\n\nBecause of that, we’ve already won. Let them have their silly little group where they think their cleverer than Satoshi.', '11z82fd'], ['u/spinbarkit', 19, '2023-03-23 09:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbxowt/', '1. stop kicking yourself for "bad" decisions -they are results of a thought process you made in the past, based on the information you had and emotions you encountered. respect yourself.\n2. greed apathy and caution are all valid emotions. learn to process them, let them overwhelm you and let them just be.\n3. feeling emotions is good.\nshame, regret and fear are obviously unpleasant. but again! don\'t be afraid of them. acknowledge what\'s happening with you while they flow through you. after that, use the outcoming state of mind to benefit your decision making', '11z82fd'], ['u/setzer', 11, '2023-03-23 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbz0xf/', "If you really feel we've seen the bottom, the price is still ridiculously cheap. Most people who DCA'd from the top probably have a higher average than this. Saylor for example has a 30k average.\n\nAlso, if you did buy, can you even be sure you would have held? The last couple months have been quite a rollercoaster and once you have a position it can be become more difficult to manage if you are trading based off your gut feeling. I wouldn't beat yourself much too much about not acting on your gut.\n\nI tend to pick specific price levels to buy/sell ahead of time and just stick to them - that way there is no emotion getting in the way.", '11z82fd'], ['u/snek-jazz', 16, '2023-03-23 12:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcaqoj/', 'Anyone here got thoughts on Balaji "ringing the fire alarm" this week? Been a fan of his since way back in the day, but even to me, a hardcore bitcoiner, he sounds almost crazy right now.', '11z82fd'], ['u/challis88ocarina', 14, '2023-03-23 12:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcbp8a/', 'bitstamp still offline after more than 90mins, expected maintenance window of 1h\n\nedit: up after 110mins\n\nedit 2: bulls live at bitstamp', '11z82fd'], ['u/Essexal', 15, '2023-03-23 13:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcg9ba/', 'Unsubscribe', '11z82fd'], ['u/dopeboyrico', 32, '2023-03-23 13:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcj1mn/', 'Updated Fed balance sheet releases today at 4:30 PM EST.\n\nLast week’s release showed a $300 billion increase which wiped out nearly half of the QT which occurred over the past year. It’s plausible that this week will be just as bad if not worse which would effectively wipe out all of the QT which occurred over the past year.\n\nIf you’re a bank and you have a bunch of assets showing unrealized losses and the Fed is willing to pay you the par value of those assets in exchange for nothing more than those assets being pledged as collateral, it doesn’t make sense to not take full advantage of the deal. Cash today is better than equivalent levels of cash a year from now.', '11z82fd'], ['u/delgrey', 25, '2023-03-23 14:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdclp60/', "Looks like the attacks on crypto continue. Jack Dorsey's Block is being targeted by Hindenberg Research for a short sell. Block is one of the only pure Bitcoin players in the space. Down 16% pre-market.", '11z82fd'], ['u/EquitiesFIRE', 12, '2023-03-23 14:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcp1ww/', 'Enjoying the Bitcoin weekly charts', '11z82fd'], ['u/RabbitProofFences', 14, '2023-03-23 14:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcqszg/', 'Its almost a systemic blitzkrieg style approach but its comical because of the numerous factors playing out. They may actually wake people upto the charade of the govt and their financial fuckery.', '11z82fd'], ['u/escendoergoexisto', 16, '2023-03-23 15:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdctfiw/', 'Hourly TA—PA is sitting on the Visible Volume point of control. An upside break (looking more likely based on BB’s) could quickly run to $28,372. A downside break that breaks $27,152 could quickly hit $26,772 (full retrace of the last upmove).', '11z82fd'], ['u/gore_skywalker', 10, '2023-03-23 15:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcumtv/', 'A VC guy who has made his riches off the fiat ponzi system, mistakes his success for genius instead of luck and and ZIRP, now blames the same system he’s dumped his bags on and tries makes a case for $1MM to pump his new bags while failing to understand basic components of the system like duration risk vs credit risk.\n\nThere’s grifters every single cycle and they’re starting to take a new form now as compassionate beings concerned for your well-being.', '11z82fd'], ['u/BootyPoppinPanda', 13, '2023-03-23 16:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd2wxk/', 'Fed meetings are fake', '11z82fd'], ['u/zberg69420', 16, '2023-03-23 16:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd3pnn/', 'As said by many yesterday (and maybe me too much), the shenanigans yesterday seemed completely detached from reality. Nothing changed. Macro the same, banks the same, inflation the same. Just people who were prepped to panic sell, panic selling', '11z82fd'], ['u/anon-187101', 14, '2023-03-23 16:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd3yhc/', 'BTC rallying and COIN plunging\n\n&#x200B;\n\ngoddamned right', '11z82fd'], ['u/Shibenaut', 10, '2023-03-23 16:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd5jbu/', 'Satoshi would be proud.', '11z82fd'], ['u/mike-es6', 16, '2023-03-23 16:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd5z1r/', 'You put your margin in,\n\nyou pull your margin out,\n\nin, out, in, out, you trade it all about,\n\nyou do the degen trading and you turn about,\n\nwiping out your account, is what its all about', '11z82fd'], ['u/delgrey', 15, '2023-03-23 16:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd7378/', 'And right on time another SEC update...\n\n"SEC says those offering crypto asset investments, services may not be complying with US laws."\n[SEC investor alert](https://www.sec.gov/oiea/investor-alerts-and-bulletins/exercise-caution-crypto-asset-securities-investor-alert)\n\nGood thing Gensler has said Bitcoin isn\'t a crypto asset investment eh? Maybe we get a flight to safety effect.', '11z82fd'], ['u/diydude2', 18, '2023-03-23 16:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd75tw/', "Well, that was a fun little scalp from 26.8 to 28.8. Not a bad 12 hours' work.", '11z82fd'], ['u/roadworn', 14, '2023-03-23 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd7x68/', 'Just closed my long scalp from 26.9 at 28660\n\nhttps://www.reddit.com/r/BitcoinMarkets/comments/11y6730/daily_discussion_wednesday_march_22_2023/jd9bhuj?utm_medium=android_app&utm_source=share&context=3', '11z82fd'], ['u/jarederaj', 10, '2023-03-23 16:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd94y3/', 'FedNow implications are just starting to settle in, too.\n\nNot a perfect storm, yet.\n\nOne thing I know about government, they will eventually fuck it all up in the most inconceivably horrible way.', '11z82fd'], ['u/Jip1210', 15, '2023-03-23 16:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdd9z6q/', "Lol\n\nI made myself a promise yesterday, not to be affected by the fed announcement and subsequent fuckery\n\nI was happy with my position, I thought BTC would continue up after the inevitable volatility. So my plan was to just put some buy orders lower down. Turn off my screens and check out for a day or so, to not be influenced by my emotions during the price movement.\n\nLooks like things turned out OK.\n\nNew long from 27.5\n\nOriginal long was added to and is now avarage entry of 27.68.\n\nDon't get in the path of the honey badger", '11z82fd'], ['u/Downtown-Ad-4117', 29, '2023-03-23 17:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jddbngf/', "Montenegro's interior minister says crypto fugitive Do Kwon has been arrested.\n\nAnd looks like we’re back. No surprise there.", '11z82fd'], ['u/FemtoG', 14, '2023-03-23 18:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jddkzr7/', 'when crypto marketcap is above 2T life is ok. when it is below 1T, life is suffering. when its inbetween, i am not alive and just waiting for my real life to begin', '11z82fd'], ['u/diydude2', 15, '2023-03-23 18:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jddpxln/', "Why would you short when the trend is clearly up? You might get lucky and catch a 3% dip, but you're more likely to get smacked upside the head. \n\nLong the dips. It's much easier.", '11z82fd'], ['u/BootyPoppinPanda', 14, '2023-03-23 19:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jddxk6s/', "I'm guessing we range from $25-30k for a solid few weeks. Like I said before, there was a lot of support at these levels a year or two ago that finally broke down hard.\n\nAs someone else pointed out, $5.5-6k was the extreme support level (descending triangle) of the last bear market that finally got taken out, but seemingly didn't provide a lot of resistance on the way back up. It still took a solid 4 weeks in the mid $5k range to break up and above it. \n\nHopefully a month from now we are well on our way in the 30's. Orrrrr maybe today we'll see the balance sheet is spiking beyond belief and we take out 30k today...", '11z82fd'], ['u/thomask02', 10, '2023-03-23 20:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jde96en/', "What's your prediction guys about the Fed balance sheet?", '11z82fd'], ['u/nickelforapickle', 12, '2023-03-23 20:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdea9ex/', "I think there's close to zero chance they haven't added more to the bond program liabilities, and last week we had already accounted for half of the QT that has been going on for almost a year. If this week is anything close to last week, we could literally be looking at QT having had no effect on the balance sheet despite their best efforts and pushing us to the brink of a system-wide collapse. I expect the report to continue pushing us in that direction even slightly, potentially offering a glimpse into just how helpless the feds efforts really are.\n\nMy confirmation bias really wants me to be correct.\n\nEdit: and I guess it was, not that a guess between 0 and 300b was much of a reach..", '11z82fd'], ['u/diydude2', 17, '2023-03-23 20:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdebt34/', "I think they're trillions in the hole no matter what they say.", '11z82fd'], ['u/4theWlN', 14, '2023-03-23 20:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdec2mh/', 'I think all of the money is gone. Think about how banks lever up and can loan out 10$ for every 1$ in deposit and layer duration risk. The fdic needs to come up with 18 trillion.', '11z82fd'], ['u/BootyPoppinPanda', 17, '2023-03-23 21:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdegnk0/', 'Start of Powell\'s next speech: "So we just learned about the first rule of holes (FrOH)... wish we heard about that sooner...all funds not safu."', '11z82fd'], ['u/dopeboyrico', 36, '2023-03-23 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdei2x2/', '[Almost another $100 billion got added to the Fed balance sheet over the past week.](https://fred.stlouisfed.org/series/WALCL#)\n\nNearly two thirds of all QT they did over the past year has been wiped out in the past 2 weeks.', '11z82fd'], ['u/dopeboyrico', 15, '2023-03-23 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdej0bx/', 'Link added.\n\n[Further breakdown can be found here.](https://www.federalreserve.gov/releases/h41/current/h41.htm)', '11z82fd'], ['u/dopeboyrico', 26, '2023-03-23 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdeme84/', 'Fed balance sheet increased 2 consecutive weeks after the launch of BTFP lending. 63% of all QT which occurred over the past year has been wiped out so far. While the balance sheet is still expanding, it appears to be slowing in the rate of expansion.\n\nWhat could cause further acceleration? More bank failures to come requiring more depositors to be bailed out.\n\nFirst Republic Bank is one to watch out for as their stock continues to reach new lows day after day and the amount of assets they hold rivals Silicon Valley Bank. If FRB goes under they would definitely replace the 3rd largest bank failure in U.S. history (Signature Bank) and could possibly end up replacing the 2nd largest bank failure in U.S. history (SVB) depending on how much assets they still hold at the time of failure.', '11z82fd'], ['u/Essexal', 11, '2023-03-23 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdemi1f/', 'Infinite money glitch is here to stay.', '11z82fd'], ['u/hajoeojah', 20, '2023-03-23 22:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdenfet/', 'Retest of the breakout from bullish megaphone pattern is completed. Probably going up more soon:\n\nhttps://www.tradingview.com/x/38PVeWCe', '11z82fd'], ['u/delgrey', 14, '2023-03-23 22:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdenizf/', "Don't forget Deutsche bank for the EU. The CDS spike in the 5yr is insane. Contagion spreading everywhere.", '11z82fd'], ['u/dopeboyrico', 14, '2023-03-23 22:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdeu42d/', 'Funny enough this [Tweet from First Republic](https://twitter.com/firstrepublic/status/1637221125942853634?s=46&t=bgSu-sbt11MTMG1Zh__ugw) appears to be promoted and came up on my feed.\n\nIt might as well have said “please don’t do a bank run on us.”', '11z82fd'], ['u/shadowofashadow', 13, '2023-03-23 23:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdezetw/', "They shouldn't even be able to be called banks anymore. They should be called hedge funds who hold your money on the side.", '11z82fd']]], ['u/OoPieceOfKandi', 'Why do we want CBDCs?', 16, '2023-03-23 05:21', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/', 'This community cheers on CBDCs because we think hedera will be involved. CBDCs are antithetical to BTC, the original "crypto", and there is a lot of venom towards them and traditional banking amongst the "retail" folks. Curious how people reconcile the two, if you are a belieber in BTC and Hedera.', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/', '11z8l5d', [['u/TemporaryPianist9365', 17, '2023-03-23 05:32', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/jdbeu2d/', 'Do you know that hashgraph would exist even if BTC was never invented? \n\nHedera is far more (in my opinion) that what traditionnal Web 3 narrative makes DLT to be.\n\nTraditionnal crypto tends to push libertarian and fear of institutions narratives.\n\nI\'m here to make money.\n\nI like the "shared world" vision of Leemon and Mance, the tech and because DLT can solve real problem for entreprises/government.', '11z8l5d'], ['u/jeeptopdown', 37, '2023-03-23 06:09', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/jdbiagv/', 'Many on the Hedera train (including myself) are only in Hedera in the world of crypto. I do not hold any affiliation with crypto ideals and I generally think Bitcoin is the first mover in the world of crypto Ponzi schemes. I’m in Hedera for everything about it that is not like the rest of crypto - grown up in the room, solid business plan, the first and only public DLT to really attract functional enterprise use cases. So for me, CBDC’s represent transaction volume and value on the network. \n\nThere was a really good zoom call this morning that addressed current level of privacy in the payment world and what CBDC is capable of brining to the table. Done correctly, CBDC’s offer more privacy than current digital payment ecosystems. I highly recommend giving it a listen once it becomes available on replay.\n\nhttps://fna.fi/insights/the-cbdc-broadcast-session-15/', '11z8l5d'], ['u/OoPieceOfKandi', 14, '2023-03-23 06:12', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/jdbijjc/', 'Thanks Jeep appreciate the response and the resource. \n\n>I’m in Hedera for everything about it that is not like the rest of crypto - grown up in the room, solid business plan, the first and only public DLT to really attract functional enterprise use cases\n\n100% agree here', '11z8l5d'], ['u/jeeptopdown', 11, '2023-03-23 06:44', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/jdblat1/', 'I’ll add that there is a very good chance I’m completely wrong about Bitcoin and have totally missed the bus. But I’m ok with that.', '11z8l5d'], ['u/jcoins123', 12, '2023-03-23 07:42', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/jdbpn8e/', '>*I do have some angst about cheering on something that could/will empower big gov apparatus, and potentially lead the US to go the way of China in terms of civilian spying and control.*\n\nThat angst is about your government, not the technology of CBDCs.\n\nWith a good government and public service, CBDCs could be beneficial to society.\n\nLikewise, a bad government and/or public service is still a detriment to society **without** CBDCs... Delaying or preventing CBDCs only kicks the can further down the road, without facing the *real* problem.', '11z8l5d'], ['u/Setheroth28036', 11, '2023-03-23 12:52', 'https://www.reddit.com/r/Hedera/comments/11z8l5d/why_do_we_want_cbdcs/jdccqfk/', 'IMO - CBDCs are bad, very bad!\n\nBut I have no control over whether they will come to be or not. Me owning HBAR doesn’t ‘support’ them, and me not owning HBAR doesn’t prevent them.\n\nI DO think CBDCs will exist, and I think it’s highly likely Hadera will be involved. So I may as well own HBAR. Step 3: Profit', '11z8l5d']]], ['u/x_mad_scientist_y', 'Why should I invest in Solana than Bitcoin or ETH?', 33, '2023-03-23 05:23', 'https://www.reddit.com/r/solana/comments/11z8n3m/why_should_i_invest_in_solana_than_bitcoin_or_eth/', "Hi, new to crypto here. My question is why should I invest in Solana over popular cryptos like Bitcoin or ETH?\n\nI've heard that Solana is based on a blockchain that initiates faster transaction and lower transaction fees. I've also heard that it's more secure than other cryptos.\n\nThese factors make it look it could be a good crypto investment. However, I've read a couple of reddit post about Solana being down idk maybe for some ample hours? Or how the transactions can't get through.\n\nWhat other downsides do I need to know about before investing in Solana?", 'https://www.reddit.com/r/solana/comments/11z8n3m/why_should_i_invest_in_solana_than_bitcoin_or_eth/', '11z8n3m', [['u/Impressive_Pilot8415', 45, '2023-03-23 06:08', 'https://www.reddit.com/r/solana/comments/11z8n3m/why_should_i_invest_in_solana_than_bitcoin_or_eth/jdbi82x/', '👋 I hold more BTC than ETH & SOL, but I hold more SOL than ETH. It’s good to diversify in crypto as projects can go to Zero. \nSOL just need to fix their security & I understand that is their focus. I continue to dca weekly into SOL because the current price is cheap (>90% off ATH) & SOL gets the most FUD. \nMany crypto degens want SOL to fail as it’s new (only 3 years old). \nI believe long-term Solana will thrive. It’s light years ahead of ETH in speed & fees. I consider Solana disruptive tech will real use cases. We are currently not in a bull market, but when we are SOL will fly 🙂', '11z8n3m'], ['u/Huge-Sun8154', 30, '2023-03-23 06:52', 'https://www.reddit.com/r/solana/comments/11z8n3m/why_should_i_invest_in_solana_than_bitcoin_or_eth/jdblxh3/', 'Go make some transactions on both the Bitcoin, Ethereum, and Solana networks, and then ask yourself which one makes sense to invest in to replace what you think it can replace.', '11z8n3m'], ['u/cyger', 17, '2023-03-23 11:42', 'https://www.reddit.com/r/solana/comments/11z8n3m/why_should_i_invest_in_solana_than_bitcoin_or_eth/jdc696l/', 'I experimented on like 15 Solana DeFi sites. I made like 30 trades and spent only like a penny in total. Eth DeFi trades vary substantially from like $5 to $20 these days, but in the past have cost $200+. I hate ETH fees. Moving Eth 2 layer 2 solutions and back is pain, no thanks.', '11z8n3m']]], ['u/grauenwolf', 'Why is the SEC going after Bitcoin last? A theory.', 30, '2023-03-23 06:30', 'https://www.reddit.com/r/Buttcoin/comments/11za3w4/why_is_the_sec_going_after_bitcoin_last_a_theory/', '> The Howey Test is not the only test that courts have used for determining whether an investment is a security. For example, in 1990, the Supreme Court created the "family resemblance test." This test provides a way for issuers of a note to show that the note should not be considered a security, by showing that the note has a "family resemblance" to other investments that are not considered securities.\n\nhttps://www.findlaw.com/consumer/securities-law/what-is-the-howey-test.html\n\nThis could be applied both ways. If something is like a security, then it probably is a security.\n\n**What does that have to do with Bitcoin?**\n\nBaby steps and slippery slopes.\n\n1. First you go after the obvious securities such as DAOs.\n2. Then you go after the zero-interest bonds known as "stable coins".\n3. Next you take on the coins that can be staked, but aren\'t necessarily done so such as Ethereum. \n\nEach step along the way, you draw parallels between what you are going after and what came before. "It\'s just one small step from this to that."\n\nEventually you build up the case that Bitcoin is a security. Not by talking about Bitcoin itself, but how Bitcoin resembles all these other things that were already classified as securities.', 'https://www.reddit.com/r/Buttcoin/comments/11za3w4/why_is_the_sec_going_after_bitcoin_last_a_theory/', '11za3w4', [['u/ApprehensiveSorbet76', 22, '2023-03-23 07:45', 'https://www.reddit.com/r/Buttcoin/comments/11za3w4/why_is_the_sec_going_after_bitcoin_last_a_theory/jdbpta8/', 'I think you’re right and there’s more to it. It’s easiest to start with the most clear cut cases and work from there once the foundations are built. But also, after watching the MIT lectures I think Gensler has an affinity for bitcoin so he’s least interested in pursuing action against it. \n\nI think one of the strongest supporting arguments for why the family approach you mention is especially important is to consider what will happen if bitcoin is explicitly ruled to not be a security. If bitcoin is clearly not a security, we will see the altcoins that are securities shift their codebase. They will copy and paste Bitcoin’s code and figure out how to run their offerings within the bitcoin framework. This way they will be able to defend their tokens by saying “look, we are exactly the same as bitcoin, we copied and pasted the code, if bitcoin is not a security then we are clearly not a security.” They will use the family argument to relaunch the industry.', '11za3w4'], ['u/tiberiumx', 14, '2023-03-23 12:30', 'https://www.reddit.com/r/Buttcoin/comments/11za3w4/why_is_the_sec_going_after_bitcoin_last_a_theory/jdcalvs/', "> bitcoin isn't directly harming anyone who rejects crypto\n\nI agree that it's politically more difficult, but this part is bullshit. Bitcoin is by far the most environmentally destructive and has led to increased energy costs in many places.", '11za3w4']]], ['u/yolo24seven', 'VPN Suggestions', 30, '2023-03-23 07:00', 'https://www.reddit.com/r/HongKong/comments/11zaqpp/vpn_suggestions/', 'First of all, VPNs are 100% legal in Hong Kong.\n\nWhat VPN do you use? for your phone and PC?\n\nThe reason I ask is because I want to mess around with ChatGPT. Unfortunately is it blocked in HK! so much for being and innovative city.\n\nEDIT \\*\\*\\*UPDATE\\*\\*\\*:\n\nThanks for all the suggestions, I got it working. \n\n1) I downloaded Mullvad VPN from the playstore onto my phone. This VPN cost USD 5 per month. I purchase a 1 year subscription for USD 60, you can pay with BTC. This VPN is very simple to use. \n\n2)turn on the VPN. Create an an account on openai after clicking "try chatGPT". During the set up process you need an overseas phone number (I used a friend). When you create an account they will send a code to the overseas phone number. Type that code into your phone and you\'re done!\n\n3)If I stay logged in then I can use chatGPT without the VPN on. I noticed that if I log out I will need to turn on the VPN in order to login again. \n\n&#x200B;', 'https://www.reddit.com/r/HongKong/comments/11zaqpp/vpn_suggestions/', '11zaqpp', [['u/charliesk9unit', 14, '2023-03-23 07:19', 'https://www.reddit.com/r/HongKong/comments/11zaqpp/vpn_suggestions/jdbnwvi/', 'Not sure about HKG but OpenAI started out blocking China. It\'s the "you can\'t fire me because I quit" relationship. That may be the case for HKG as well.', '11zaqpp'], ['u/SonderisticOG', 13, '2023-03-23 07:39', 'https://www.reddit.com/r/HongKong/comments/11zaqpp/vpn_suggestions/jdbpd88/', 'Mullvad VPN is very good. Safe and open-source while also having consistent prices', '11zaqpp'], ['u/RedlineLucario', 11, '2023-03-23 08:38', 'https://www.reddit.com/r/HongKong/comments/11zaqpp/vpn_suggestions/jdbtkef/', "I got ratted out to cops regardless of using VPN. After that incident I figured there's 2 possible outcomes to using a VPN:\n\n1. Your old IP will be traced as a reference point.\n2. HK Police or CCP will persuade owners of VPN to give up data\n\nSo your best option for privacy is not just a VPN but also a new location before logging into any accounts on a WiFi network. This way you're fully secure, to further your security you should get a black phone.", '11zaqpp'], ['u/orkdorkd', 11, '2023-03-23 09:55', 'https://www.reddit.com/r/HongKong/comments/11zaqpp/vpn_suggestions/jdbym0u/', "It pretty clearly states OpenAI's services are not offered in HK (along with some other countries), when you try to use it. \n\n&#x200B;\n\nI think the distinction is important that HK, itself, did not ban OpenAI.", '11zaqpp']]], ['u/rBitcoinMod', 'Daily Discussion, March 23, 2023', 46, '2023-03-23 07:08', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/11y90g7/daily_discussion_march_22_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/', '11zawt1', [['u/hateschoolfml', 19, '2023-03-23 07:08', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdbn5yr/', 'We are all Satoshi', '11zawt1'], ['u/Dont_Waver', 11, '2023-03-23 07:39', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdbpfs3/', "I'm not", '11zawt1'], ['u/escodelrio', 13, '2023-03-23 14:29', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdco7gv/', 'Historical Bitcoin\xa0prices for today, March 23rd:\n\n2023 - $27,679\n\n2022 - $42,541\n\n2021 - $54,343\n\n2020 - $6,493\n\n2019 - $4,009\n\n2018 - $8,919\n\n2017 - $1,030\n\n2016 - $417\n\n2015 - $266\n\n2014 - $561\n\n2013 - $64\n\nVia [Twitter](https://twitter.com/btchistorical/status/1638858539409235968).', '11zawt1'], ['u/llewsor', 10, '2023-03-23 16:01', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdd1ekd/', 'ah yes the ‘ol bitcoin inverse rug pull 😆', '11zawt1'], ['u/Soi_Boi_13', 10, '2023-03-23 16:19', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdd44hi/', 'Only bad thing about this latest pump is I fear my chances of ever becoming a whole coiner are slipping. Oh well. 😆', '11zawt1'], ['u/Flimsy_Card8028', 19, '2023-03-23 16:29', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdd5nll/', 'BTC just jumped $1000 in 1 hour.', '11zawt1'], ['u/TexasRanger6455', 10, '2023-03-23 16:45', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdd8762/', '"We just want to pump...you up!"\n\n\\-Hans and Franz', '11zawt1'], ['u/atreyu051', 12, '2023-03-23 16:49', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdd8w46/', "Fed: We're raising rates by 25bp\nBitcoin: Oh no!...anyway", '11zawt1'], ['u/Crypt0fart', 12, '2023-03-23 16:51', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdd97r8/', 'With the attacks on coinbase and other on ramps were at the they fight you stage. We all know what comes next. Get your coins off the exchanges and hodl my beautiful people ✌️', '11zawt1'], ['u/shroomsruscanada', 27, '2023-03-23 18:45', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jddrdfb/', 'HODLING from 🇨🇦', '11zawt1'], ['u/LiteratureUsual614', 13, '2023-03-23 18:55', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jddsuh5/', 'HODLING from 🇨🇭', '11zawt1'], ['u/Nimefax', 17, '2023-03-23 19:34', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jddz0si/', "We already recovered from yesterday's news", '11zawt1'], ['u/Ok-Abbreviations6442', 12, '2023-03-23 20:22', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jde6no4/', 'HODLING from 🇬🇧', '11zawt1'], ['u/Brilliant_Pea_1776', 12, '2023-03-23 20:29', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jde7wbb/', 'HODLING from 🇫🇮', '11zawt1'], ['u/Yatish1979', 10, '2023-03-23 23:46', 'https://www.reddit.com/r/Bitcoin/comments/11zawt1/daily_discussion_march_23_2023/jdf25ct/', 'so who has any thoughts on credit suisse scam. Have it taught some that they should better invest in crytpto or not yet?', '11zawt1']]], ['u/Severe-Help6710', 'Cashtokens possible to issue USDT, USDC tokens on Bitcoincash network ?', 20, '2023-03-23 07:13', 'https://www.reddit.com/r/btc/comments/11zb0rb/cashtokens_possible_to_issue_usdt_usdc_tokens_on/', 'With Cashtokens coming in May on Network BicoinCash.\n\nIs it possible to issue USDT, USDC tokens on Bitcoincash network?\n\n&#x200B;\n\nSourct: [https://github.com/bitjson/cashtokens](https://github.com/bitjson/cashtokens)\n\n"A token is an asset – distinct from the Bitcoin Cash currency – that can be created and transferred on the Bitcoin Cash network."', 'https://www.reddit.com/r/btc/comments/11zb0rb/cashtokens_possible_to_issue_usdt_usdc_tokens_on/', '11zb0rb', [['u/darkbluebrilliance', 11, '2023-03-23 09:05', 'https://www.reddit.com/r/btc/comments/11zb0rb/cashtokens_possible_to_issue_usdt_usdc_tokens_on/jdbvd7f/', "Technically it's no problem. Depends on Circle and Tether if they want to use the BCH network. \nWould be wise of them if they did.", '11zb0rb']]], ['u/oneden', 'So... The Maxis are somehow hyped that BTC and Doge are supported in their centralized wallet. What am I missing?', 12, '2023-03-23 11:29', 'https://www.reddit.com/r/SafeMoonInvesting/comments/11zg6jl/so_the_maxis_are_somehow_hyped_that_btc_and_doge/', 'How much copium huffing is necessary to be hyped about this in any capacity?', 'https://www.reddit.com/r/SafeMoonInvesting/comments/11zg6jl/so_the_maxis_are_somehow_hyped_that_btc_and_doge/', '11zg6jl', [['u/markotpe', 11, '2023-03-23 11:32', 'https://www.reddit.com/r/SafeMoonInvesting/comments/11zg6jl/so_the_maxis_are_somehow_hyped_that_btc_and_doge/jdc5fqd/', 'Even if they thought it was garbage they would hype it up. Cult like mentality where you have to apologize for even tepid criticism', '11zg6jl'], ['u/guiguyy', 19, '2023-03-23 12:13', 'https://www.reddit.com/r/SafeMoonInvesting/comments/11zg6jl/so_the_maxis_are_somehow_hyped_that_btc_and_doge/jdc9095/', "They are just excited real coins are in the picture, it's like getting excited your wifes boyfriend is coming over.", '11zg6jl']]], ['u/Elie0_0', "When prices go up, it's best to accept that you've missed the opportunity rather than FOMO", 79, '2023-03-23 13:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11zjl03/when_prices_go_up_its_best_to_accept_that_youve/', "When the prices go up all of a sudden, people are inclined to buy and when it goes down, to immediately sell, thinking that it's going to crash or whatever. But the truth is that trying to market the time doesn't work at all. Such short term investments only hurt your portfolio. \n\n\n\nPeople who bought Bitcoin 2021 as soon as it reached 70k waited all this time only to sell it at 20k, learn from that mistake and don't make the same mistakes. \n\n\nInstead of FOMOing in all your money in that said coin, accept that you've missed the opportunity to buy it cheap and look forward to the next time you might see such prices. Crypto doesn't only go up after all, you'll have some sort of opportunities again. It doesn't mean that you've lost any money, only that you've gained experience enough to know when you should buy and when you should sell. \n\n\n\nCrypto is very volatile and every movement of price isn't indication at all of how it's future will be, whether we've entered a bull run or a bear market.", 'https://www.reddit.com/r/CryptoCurrency/comments/11zjl03/when_prices_go_up_its_best_to_accept_that_youve/', '11zjl03', [['u/infinityknack', 38, '2023-03-23 14:01', 'https://www.reddit.com/r/CryptoCurrency/comments/11zjl03/when_prices_go_up_its_best_to_accept_that_youve/jdckl92/', 'Well its better to FOMO at 28k than 100k.', '11zjl03'], ['u/hughescon', 38, '2023-03-23 14:04', 'https://www.reddit.com/r/CryptoCurrency/comments/11zjl03/when_prices_go_up_its_best_to_accept_that_youve/jdckwol/', 'When BTC went from less than $1 to $32, FOMOing in would look kinda good right now.', '11zjl03'], ['u/Can_Cool', 26, '2023-03-23 14:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11zjl03/when_prices_go_up_its_best_to_accept_that_youve/jdclqyk/', 'Just keep DCA-ing and hodl. That’s half the FOMO gone.\n\nNow I just have to figure when to sell…', '11zjl03'], ['u/Killertimme', 10, '2023-03-23 15:52', 'https://www.reddit.com/r/CryptoCurrency/comments/11zjl03/when_prices_go_up_its_best_to_accept_that_youve/jdd01i2/', 'FOMO got us all into crypo. Its not always a bad thing', '11zjl03']]], ['u/MoonDogAFO', 'Help an old man Eve player understand the vision of this new "blockchain title".', 18, '2023-03-23 15:17', 'https://www.reddit.com/r/Eve/comments/11zls04/help_an_old_man_eve_player_understand_the_vision/', '\\*\\*EDIT\\*\\* Thanks for all the explanations/viewpoints so far. I appreciate input from all sides in the discussion.\n\nI tried mining bitcoin years ago when it first started making waves in tech podcasts that I listened to (back in 2011, maybe?). I was not successful and bailed. I\'ve since watched the crypto wave and don\'t really trust it to be anything more than a scheme to get new people to buy early adopters\' coin stashes so they can get paid.\n\nI have tried to understand the other uses of the blockchain concept in terms of transactional security and maybe understand at the most basic level how it might benefit different industries. In a game, however? I\'m not so sure.\n\nSo, I was hoping those more grounded in the concepts could help better my understanding. Is the following bullet list an accurate understanding of any game that CCP and its backers manage to publish?\n\n* Make the in-game assets earned by players solely owned by players\n* Allow those in-game assets to be sold in a marketplace\n* Create a new cryptocurrency, managed by CCP and its partners, that\'s only use is to purchase items in the new game marketplace\n* Players would buy that crypto for use in the marketplace\n* Maybe there would be an option to earn the crypto as well in-game?\n* Implement a variety of micro-transactions, also requiring the new crypto, that could be used to purchase cosmetic items, skill boosts, etc.\n* Somehow implement NFTs\n\nI truly appreciate your efforts to help me better understand this because my initial reaction is "I\'m not buying into this".', 'https://www.reddit.com/r/Eve/comments/11zls04/help_an_old_man_eve_player_understand_the_vision/', '11zls04', [['u/Powerful-Ad-7728', 24, '2023-03-23 16:01', 'https://www.reddit.com/r/Eve/comments/11zls04/help_an_old_man_eve_player_understand_the_vision/jdd1hym/', 'this sounds like your standard mmo that for some reason allowed rmt lol', '11zls04'], ['u/Antique-Special8023', 27, '2023-03-23 18:04', 'https://www.reddit.com/r/Eve/comments/11zls04/help_an_old_man_eve_player_understand_the_vision/jddkpi3/', 'That is exactly what it is yes. "Crypto" doesn\'t do anything new, its existing technology repackaged under a fancy buzzword to trick tech-illiterate people into thinking its new. A blockchain is just a decentralized insert only database, cryptocoins are just a pyramid-scheme that falls just outside the legal definition of one, NFTs are digital trading cards with the card part removed, crypto games are games with RMT that the developer can tax, etc. \n\nNothing about the entire crypto space actually does anything we couldn\'t already do before and more often then not it does this existing thing worse, for example by burning idiotic amounts of energy to do its thing.', '11zls04'], ['u/tegho', 19, '2023-03-23 18:35', 'https://www.reddit.com/r/Eve/comments/11zls04/help_an_old_man_eve_player_understand_the_vision/jddpqq4/', '"its decentralized and transparent" say the idealistic hipsters\n\n"I can squeeze some profit out of the transaction fees" say the suits\n\n"but it does nothing that I cant already do more easily and cheaper with what we\'ve been using for decades/centuries" the rest of us', '11zls04'], ['u/Gerard_Amatin', 12, '2023-03-23 22:56', 'https://www.reddit.com/r/Eve/comments/11zls04/help_an_old_man_eve_player_understand_the_vision/jdeutfy/', 'No need to use a blockchain to track the original industrialist that built the ship, a regular database could do the same thing, but cheaper.', '11zls04']]], ['u/Sharp_Tank05', "[Serious] Thank you Fidelity for believing in Crypto and doing what's right for people!", 201, '2023-03-23 16:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11znut8/serious_thank_you_fidelity_for_believing_in/', "A friend shared this picture today morning and it was such a delight to see this especially after yesterday's shit show with SEC/Coinbase and markets. Even though the news is out for a few days, Fidelity today launched first campaign to educate millions of people in America on its service to purchase Crypto commission free and all the safety/ security its platform offers. My friend bought his FIRST EVER Bitcoin today!!!\n\n**What's more amazing? My friend is just 1 of the 37 Million retail customers Fidelity has on its Platform - who all can now buy BTC and ETH on Fidelity online!**\n\nThank you Fidelity for believing in Crypto, listening to people and focusing on innovation, not politics and propaganda!\n\nhttps://preview.redd.it/0qe5fzccbipa1.png?width=664&format=png&auto=webp&v=enabled&s=5e19235918764ecd7885bc7c83697ea635898af9\n\nThis is a non trivial development in Crypto - unlocks a whole new market and mass adoption of Crypto (to buy and hold, to start with). Millions of American trust Fidelity, much more than the number that trusts Coinbase or any Crypto-native service and this act by Fidelity further bolsters the promise and potential of Crypto technology.\n\nThank you Fidelity!", 'https://www.reddit.com/r/CryptoCurrency/comments/11znut8/serious_thank_you_fidelity_for_believing_in/', '11znut8', [['u/Interesting_Fox_8571', 24, '2023-03-23 16:34', 'https://www.reddit.com/r/CryptoCurrency/comments/11znut8/serious_thank_you_fidelity_for_believing_in/jdd6i48/', 'I opened an account even though I have no plans to use it anytime soon. Fidelity is thinking about the incoming generation of investors and their affinity for crypto and getting them into their ecosystem if financial products', '11znut8'], ['u/mesutdmn', 78, '2023-03-23 16:35', 'ht...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['We’ve already seen valuations drop in 2022, as investors priced in an economic slowdown. However, it’s unclear whether a full-on\xa0market crash is being priced into equity markets right now. Indeed, many pockets of the stock market are showing signs of life once again in 2023. Investors appear to be betting on the potential for the Federal Reserve to go from interest rate hikes to cuts, in short order. Thus, some of the highest-risk pockets of the market are seeing the most buying pressure, as we move toward the end of Q1. That said, the potential for a market crash, or at least a significant recession, is increasing. The yield curve remains extremely inverted (though it has been steepening of late) and, despite inflation coming down slightly, prices are still rising at a considerable rate. This will likely make the job of central bankers more difficult. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For investors, the question is what this means for higher-risk equities. In my view, now’s not the time to get greedy trying to time stocks that have already made significant momentum-driven moves. Here are three stocks I’d avoid, particularly for those worried about a potential market crash around the corner. Peloton (PTON) Peloton (PTON stock) sign on city storefront Source: JHVEPhoto / Shutterstock.com With the release of Peloton’s (NASDAQ: PTON ) Q2 results, it’s becoming increasingly clear that this is a company that’s not hitting the profitability goals it’s set for itself, or that the market expects. The company brought in higher revenue than expected ($792.7 million vs. $710 million projected), but missed big time on its bottom line, losing 98 cents per share, relative to expectations for a loss of only 64 cents per share. In this market, profitability matters more than revenue growth and, while investors appear to still remain more bullish on this stock than at the start of the year (PTON stock is still up roughly 20% year-to-date), it’s also clear that Peloton’s financial picture is nowhere near as rosy as many had painted it following the pandemic. Story continues When gyms were closed, and Peloton’s at-home exercise bikes were all the rage, things were different. This was a stock that was valued as if its “sticky” revenues would remain so over the long-term. Unfortunately, quarter upon quarter of significant losses has shaken investor confidence in this stock. Until there’s a pathway to profitability, I think PTON stock is likely to remain on the out. Sure, cost-cutting measures will help somewhat. But this is a company with macro headwinds that I think may be too strong to ignore, particularly in a market downturn. Novavax (NVAX) A gloved hand lifts one of five Novavax (NVAX) COVID-19 vaccine vials lined up in front of lab equipment. Source: benjamin poturak / Shutterstock.com Novavax (NASDAQ: NVAX ) stock has gone through substantial fluctuations , as the company has posted sizable profits and losses over the last several years. In 2020, the biotech company experienced a surge of over 2,700% in stock value thanks to investor optimism surrounding its experimental COVID-19 vaccine. However, as the vaccine candidate faced delays, Novavax’s shares began to decline . Eventually, the vaccine was approved for commercial use, albeit later than its competitors, which limited the company’s revenue potential. Right now, many analysts and experts view the window of opportunity with COVID-19 vaccines as essentially closed. While Novavax ultimately received approval, it’s clear that other larger Pharma behemoths beat this smaller player to the punch. Thus, while we may all go out and get our annual shot, it’s unclear how many patients will request a Novavax shot (or how well-supplied providers will be in this regard). Another pandemic-related winner, Novavax has seen its share price plunge more than 90% over the past 12 months. I think this decline could potentially continue, market crash or not. In its latest financial report, Novavax raised concerns about the possibility of ceasing its operations. One of the challenges the company attempts to address is linked to a funding agreement with the United States government which, at this time, has only been extended through 2023, thereby jeopardizing nearly $400 million in funding. There’s too much hair on NVAX stock for conservative investors to buy in and, even if the market rallies, I think there are better opportunities out there. In a market crash scenario, forget about it. Riot Platforms (RIOT) futuristic image of a hand with the words "block chain" floating above it, representing riot blockchain stocks Source: Shutterstock Riot Platforms (NASDAQ: RIOT ), formerly Riot Blockchain, is a crypto mining company focused on proof-of-work mining, primarily for Bitcoin ( BTC-USD ). Like the other names on this list, Riot has seen some bullish momentum build this year. Much of this has to do with rising crypto prices. Indeed, so long as Bitcoin increases in value, Riot and other crypto miners should see higher valuations. That’s because Riot’s revenue is largely denominated in Bitcoin, with its fixed costs denominated in dollars. Accordingly, in many respects, RIOT stock is a highly-leveraged bet on the future of crypto. As we’ve seen in previous crypto rallies, accommodative monetary policy and a bull market in all risk assets tends to bode well for digital tokens. However, if a market crash takes hold, investors can forget about their outsized returns. My view is that crypto miners like Riot are likely too speculative to consider right now. While Riot may be the best of the bunch, this stock is one that lives and dies by the price of Bitcoin. For investors who can handle the potential volatility, that’s fine. It’s just not for me. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Stocks That Won’t Survive a Major Market Crash appeared first on InvestorPlace .', 'We’ve already seen valuations drop in 2022, as investors priced in an economic slowdown. However, it’s unclear whether a full-on\xa0market crash is being priced into equity markets right now.\nIndeed, many pockets of the stock market are showing signs of life once again in 2023. Investors appear to be betting on the potential for the Federal Reserve to go from interest rate hikes to cuts, in short order. Thus, some of the highest-risk pockets of the market are seeing the most buying pressure, as we move toward the end of Q1.\nThat said, the potential for a market crash, or at least a significant recession, is increasing. The yield curveremains extremely inverted(though it has been steepening of late) and, despite inflation coming down slightly, prices are still rising at a considerable rate. This will likely make the job of central bankers more difficult.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nFor investors, the question is what this means for higher-risk equities. In my view, now’s not the time to get greedy trying to time stocks that have already made significant momentum-driven moves.\nHere are three stocks I’d avoid, particularly for those worried about a potential market crash around the corner.\nSource: JHVEPhoto / Shutterstock.com\nWith the release ofPeloton’s(NASDAQ:PTON)Q2 results,it’s becoming increasingly clear that this is a company that’s not hitting the profitability goals it’s set for itself, or that the market expects. The company brought in higher revenue than expected ($792.7 million vs. $710 million projected), but missed big time on its bottom line, losing 98 cents per share, relative to expectations for a loss of only 64 cents per share.\nIn this market, profitability matters more than revenue growth and, while investors appear to still remain more bullish on this stock than at the start of the year (PTON stock is still up roughly 20% year-to-date), it’s also clear that Peloton’s financial picture is nowhere near as rosy as many had painted it following the pandemic.\nWhen gyms were closed, and Peloton’s at-home exercise bikes were all the rage, things were different. This was a stock that was valued as if its “sticky” revenues would remain so over the long-term. Unfortunately, quarter upon quarter of significant losses has shaken investor confidence in this stock. Until there’s a pathway to profitability, I think PTON stock is likely to remain on the out.\nSure, cost-cutting measures will help somewhat. But this is a company with macro headwinds that I think may be too strong to ignore, particularly in a market downturn.\nSource: benjamin poturak / Shutterstock.com\nNovavax(NASDAQ:NVAX) stock has gone throughsubstantial fluctuations, as the company has posted sizable profits and losses over the last several years. In 2020, the biotech company experienced a surge of over 2,700% in stock value thanks to investor optimism surrounding its experimental COVID-19 vaccine. However, as the vaccine candidate faced delays,Novavax’s shares began to decline. Eventually, the vaccine was approved for commercial use, albeit later than its competitors, which limited the company’s revenue potential.\nRight now, many analysts and experts view the window of opportunity with COVID-19 vaccines as essentially closed. While Novavax ultimately received approval, it’s clear that other larger Pharma behemoths beat this smaller player to the punch. Thus, while we may all go out and get our annual shot, it’s unclear how many patients will request a Novavax shot (or how well-supplied providers will be in this regard).\nAnother pandemic-related winner, Novavax has seen its share price plunge more than 90% over the past 12 months. I think this decline could potentially continue, market crash or not.\nIn itslatest financial report,Novavax raised concerns about the possibility of ceasing its operations. One of the challenges the company attempts to address is linked to a funding agreement with the United States government which, at this time, has only been extended through 2023, thereby jeopardizing nearly $400 million in funding.\nThere’s too much hair on NVAX stock for conservative investors to buy in and, even if the market rallies, I think there are better opportunities out there. In a market crash scenario, forget about it.\nSource: Shutterstock\nRiot Platforms(NASDAQ:RIOT), formerly Riot Blockchain, is a crypto mining company focused on proof-of-work mining, primarily forBitcoin(BTC-USD). Like the other names on this list, Riot has seen some bullish momentum build this year.\nMuch of this has to do with rising crypto prices. Indeed, so long as Bitcoin increases in value, Riot and other crypto miners should see higher valuations. That’s because Riot’s revenue is largely denominated in Bitcoin, with its fixed costs denominated in dollars.\nAccordingly, in many respects, RIOT stock is a highly-leveraged bet on the future of crypto. As we’ve seen in previous crypto rallies, accommodative monetary policy and a bull market in all risk assets tends to bode well for digital tokens. However, if a market crash takes hold, investors can forget about their outsized returns.\nMy view is that crypto miners like Riot are likely too speculative to consider right now. While Riot may be the best of the bunch, this stock is one that lives and dies by the price of Bitcoin. For investors who can handle the potential volatility, that’s fine. It’s just not for me.\nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Stocks That Won’t Survive a Major Market Crashappeared first onInvestorPlace.', 'As the crypto market rallies, the search for\xa0high-growth cryptos is on. Of course, the most popular names in this sector continue to be Bitcoin ( BTC-USD ), Ethereum ( ETH-USD ) and other mega-cap projects. That said, many other cryptocurrencies have been gaining traction of late. As investors look to move up the risk spectrum to capture more of this move, some lesser-known high-growth cryptos may get more attention. Given the thousands of digital assets that currently exist, it’s impossible to go through every project out there. However, I have a few cryptos with high growth potential on my watch list that I think investors may want to take a look at. In a bull market rally, these tokens could have some of the best upside potential. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SOL-USD Solana $22.10 FTM-USD Fantom $0.49 MKR-USD Maker $679.22 Solana (SOL-USD) Concept art of the Solana (SOL-USD) blockchain. Source: Shutterstock Solana ( SOL-USD ) is among the cryptos that I’ve remained bullish on. In the large-cap cryptocurrency world, I still think Solana has the highest growth potential — and also probably the highest risk profile — among its peers. This Layer-1 blockchain network operates in a decentralized manner, allowing developers to provide decentralized applications (dApps) with scalable infrastructure. This definition bears a striking resemblance to that of Ethereum, which adds to Solana’s appeal as it poses a challenge to Ethereum’s dominant position in the cryptocurrency industry. This cryptocurrency is one of the fastest blockchain technologies in the market, since it was designed to handle a staggering amount of operations per second. Its native cryptocurrency, SOL, has become increasingly popular thanks to its speedy transaction capabilities and minimal transaction charges — two areas that have proven challenging for Ethereum. Similar to Ethereum, Solana offers cross-chain compatibility with other blockchains. Thus, Solana is anticipated to be a key player in potential cryptocurrency breakthroughs in banking, the economy and the community. Instead of searching for the next cryptocurrency that may generate quick profits, it is prudent to stick with SOL, which can potentially deliver substantial returns with less risk. Story continues Fantom (FTM-USD) A graphic for the Fantom (FTM) crypto Source: Shutterstock Introduced in 2019, Fantom ( FTM-USD ) is a smart contract Layer-1 blockchain platform I think is worth considering. Fantom utilizes a special proof-of-stake (PoS) consensus process termed Lachesis that makes use of an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol built on the directed acyclic network (DAG) engine. That’s a word salad to say that Fantom’s proof-of-stake network allows for swift operations and short verification periods, perfect for decentralized applications requiring rapid and effective data transfer. Fantom’s user growth and partnerships have complimented the project’s significant adoption among developers. Notable collaborations include partnerships with the Afghan government to aid in monitoring supply chains and with the University of Sydney to build low-energy programming toolchains . After reaching its peak in January 2022 at $3.36, FTM’s price plummeted. It broke down through support at $0.20 to hit a low of $0.164 in November, losing 95% of its value. However, the trend has since shifted. The price of Fantom has been on an upward trajectory, nearly tripling from its lows. The strong technical performance of Fantom, aligned with its fundamental strengths, could mean this crypto is poised for a continued breakout. Maker DAO (MKR-USD) A concept Maker (MKR) token in front of a trading chart. Source: Shutterstock MakerDAO ( MKR-USD ) is a rather unique high-growth crypto to consider. This stablecoin project is one that’s well-known for its Dai USD ( DAI-USD ) stablecoin. The goal behind DAI is noteworthy. Maker has sought to create a decentralized stablecoin that retains its purchasing power . Given inflation concerns right now, that’s a worthwhile discussion. However, with the recent banking crisis creating turmoil in the crypto markets, stablecoins such as USD Coin ( USDC-USD ) lost their peg to the dollar . Investors were simply too concerned about a run on the financial system and how it could potentially impact digital assets. That said, MakerDAO has created a contingency plan to safeguard its flagship stablecoin. This action was taken to protect DAI from further exposure to any potential instability in the market. Among the stablecoin projects out there with significant upside potential worth considering, Maker’s DAI could be the best of the bunch. Of course, significant risk still exists in this space. But Maker is one project I think is worth investigating further for those seeking growth. On the date of publication, Chris MacDonald has a position in SOL.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 High-Growth Cryptos Poised for a Major Breakout appeared first on InvestorPlace .', 'As the crypto market rallies, the search for\xa0high-growth cryptos is on. Of course, the most popular names in this sector continue to beBitcoin(BTC-USD),Ethereum(ETH-USD) and other mega-cap projects. That said,many other cryptocurrencies have been gaining traction of late.\nAs investors look to move up the risk spectrum to capture more of this move, some lesser-known high-growth cryptos may get more attention.\nGiven the thousands of digital assets that currently exist, it’s impossible to go through every project out there. However, I have a few cryptos with high growth potential on my watch list that I think investors may want to take a look at. In a bull market rally, these tokens could have some of the best upside potential.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"SOL-USD": "FTM-USD", "Solana": "Fantom", "$22.10": "$0.49"}, {"SOL-USD": "MKR-USD", "Solana": "Maker", "$22.10": "$679.22"}]\nSource: Shutterstock\nSolana(SOL-USD) is among the cryptos that I’ve remained bullish on. In the large-cap cryptocurrency world, I still think Solana has the highest growth potential — and also probably the highest risk profile — among its peers.\nThis Layer-1 blockchain networkoperates in a decentralized manner, allowing developers to provide decentralized applications (dApps) with scalable infrastructure. This definition bears a striking resemblance to that of Ethereum, which adds to Solana’s appeal as it poses a challenge to Ethereum’s dominant position in the cryptocurrency industry.\nThis cryptocurrency isone of the fastest blockchain technologiesin the market, since it was designed to handle a staggering amount of operations per second. Its native cryptocurrency, SOL, has become increasingly popular thanks to its speedy transaction capabilities and minimal transaction charges — two areas that have proven challenging for Ethereum.\nSimilar to Ethereum, Solana offers cross-chain compatibility with other blockchains. Thus, Solana is anticipated to be a key player in potential cryptocurrency breakthroughs in banking, the economy and the community. Instead of searching for the next cryptocurrency that may generate quick profits, it is prudent to stick with SOL, which can potentially deliver substantial returns with less risk.\nSource: Shutterstock\nIntroduced in 2019,Fantom(FTM-USD) isa smart contract Layer-1 blockchain platform I think is worth considering. Fantom utilizes a special proof-of-stake (PoS)consensus processtermed Lachesis that makes use of an asynchronous Byzantine Fault Tolerant (aBFT) PoS protocol built on the directed acyclic network (DAG) engine.\nThat’s a word salad to say that Fantom’s proof-of-stake network allows for swift operations and short verification periods, perfect for decentralized applications requiring rapid and effective data transfer.\nFantom’suser growthand partnerships have complimented the project’s significant adoption among developers. Notable collaborations include partnerships with theAfghan government to aid inmonitoring supply chainsand with the University of Sydney tobuild low-energy programming toolchains.\nAfter reaching its peak in January 2022 at $3.36, FTM’s price plummeted. It broke down through support at $0.20 to hit a low of $0.164 in November, losing 95% of its value.However, the trend has since shifted. The price of Fantom has been on an upward trajectory, nearly tripling from its lows.\nThe strong technical performance of Fantom, aligned with its fundamental strengths, could mean this crypto is poised for a continued breakout.\nSource: Shutterstock\nMakerDAO(MKR-USD) is a rather unique high-growth crypto to consider. This stablecoin project is one that’s well-known for itsDai USD(DAI-USD) stablecoin.\nThe goal behind DAI is noteworthy. Maker has sought to create adecentralized stablecoin thatretains its purchasing power. Given inflation concerns right now, that’s a worthwhile discussion.\nHowever, with the recent banking crisis creating turmoil in the crypto markets, stablecoins such asUSD Coin(USDC-USD)lost their peg to the dollar. Investors were simply too concerned about a run on the financial system and how it could potentially impact digital assets.\nThat said, MakerDAO hascreated a contingency planto safeguard its flagship stablecoin. This action was taken to protect DAI from further exposure to any potential instability in the market.\nAmong the stablecoin projects out there with significant upside potential worth considering, Maker’s DAI could be the best of the bunch. Of course, significant risk still exists in this space. But Maker is one project I think is worth investigating further for those seeking growth.\nOn the date of publication, Chris MacDonald has a position in SOL.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 High-Growth Cryptos Poised for a Major Breakoutappeared first onInvestorPlace.', 'Bitcoin bounced back above US$28,000 on Friday morning in Asia amid a rebound in all top 10 non-stablecoin cryptocurrencies and gains in equities overnight. The market shrugged off the latestwarnings from U.S. regulatorsto crypto platforms. Litecoin led the gains. U.S equities rose on Thursday after Treasury Secretary Janet Yellen said she would take “additional actions” to protect customer deposits if necessary, following a raft of bank failures this month.\nSee related article:Terra-Luna co-founder Do Kwon reportedly arrested in Montenegro\n• Bitcoin rose 3.19% to US$28,225 in the 24 hours to 09:00 a.m. in Hong Kong, gaining 13.02% for the week, according toCoinMarketCap data. The world’s largest cryptocurrency has surged 70% so far this year.\n• However, U.S. dollar to Bitcoin liquidity is worsening due to the shutdown of crypto-friendly banks such asSilvergate BankandSignature Bankthis month that reduced access to U.S. dollar payment services. Bitcoin liquidity fell to a 10-month-low in March, according to atweetby crypto data platform Kaiko on Friday.\n• Ether climbed 4.12% to US$1,811, a weekly gain of 8.54%.\n• Litecoin was the biggest winner for the past 24 hours, gaining 7.07% to US$92.86 and up 18.09% for the week. The nexthalving eventof the token is scheduled in August this year and previous halvings have tended to be preceded by price gains.\n• The U.S. SEC issued aninvestor alerton Thursday to advise caution about the risks in “crypto asset securities,” stating that some providers of crypto investment services are not complying with federal securities laws, adding to the escalating conflict between U.S. regulators and crypto firms.\n• The total crypto market capitalization rose 3.36% in the past 24 hours to US$1.19 trillion. Total trading volume over the last 24 hours dropped 19.78%% to US$55.26 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.21% to 4,120.05 points as of 09:30 a.m. in Hong Kong. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company,CryptoSlam.\n• U.S. equities closed higher on Thursday. The Dow Jones Industrial Average edged up 0.23%, the S&P 500 gained 0.30%, and the Nasdaq Composite Index gained 1.01%.\n• The rebound in equities followed Janet Yellen’s Thursdaytestimonyto the U.S. Congress, reaffirming that the Treasury would take additional actions to secure bank deposits if necessary. This a day after shebacked awayfrom offering a blanket backstop for troubled banks.\n• On the inflation front, after the Federal Reserve’s 25-basis-point rate hike on Wednesday, Fed Chair Jerome Powell said at apress conferencethat the Fed’s goal to bring annual inflation to the 2% range remains firm, and interest rates will be raised as needed to achieve this.\n• The Fed’s next meeting on interest rate is May 3. Analysts at theCME Groupexpect a 65.8% chance the Fed will keep the rates at 4.75% to 5%. The chance of another 25 basis-point hike is at 34.2%, down from 49.4% on Wednesday.\n• Ahead of the opening of U.S. equity markets on Thursday, stock futures inched higher as of 9:00 a.m. in Hong Kong. Dow Jones Industrial Average futures moved up 0.06%. S&P 500 futures gained 0.08%. The Nasdaq Composite Index edged up 0.01%.\nSee related article:South Korea arrests former Coinone exchange official for alleged crypto-listing bribery', 'Bitcoin bounced back above US$28,000 on Friday morning in Asia amid a rebound in all top 10 non-stablecoin cryptocurrencies and gains in equities overnight. The market shrugged off the latestwarnings from U.S. regulatorsto crypto platforms. Litecoin led the gains. U.S equities rose on Thursday after Treasury Secretary Janet Yellen said she would take “additional actions” to protect customer deposits if necessary, following a raft of bank failures this month.\nSee related article:Terra-Luna co-founder Do Kwon reportedly arrested in Montenegro\n• Bitcoin rose 3.19% to US$28,225 in the 24 hours to 09:00 a.m. in Hong Kong, gaining 13.02% for the week, according toCoinMarketCap data. The world’s largest cryptocurrency has surged 70% so far this year.\n• However, U.S. dollar to Bitcoin liquidity is worsening due to the shutdown of crypto-friendly banks such asSilvergate BankandSignature Bankthis month that reduced access to U.S. dollar payment services. Bitcoin liquidity fell to a 10-month-low in March, according to atweetby crypto data platform Kaiko on Friday.\n• Ether climbed 4.12% to US$1,811, a weekly gain of 8.54%.\n• Litecoin was the biggest winner for the past 24 hours, gaining 7.07% to US$92.86 and up 18.09% for the week. The nexthalving eventof the token is scheduled in August this year and previous halvings have tended to be preceded by price gains.\n• The U.S. SEC issued aninvestor alerton Thursday to advise caution about the risks in “crypto asset securities,” stating that some providers of crypto investment services are not complying with federal securities laws, adding to the escalating conflict between U.S. regulators and crypto firms.\n• The total crypto market capitalization rose 3.36% in the past 24 hours to US$1.19 trillion. Total trading volume over the last 24 hours dropped 19.78%% to US$55.26 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.21% to 4,120.05 points as of 09:30 a.m. in Hong Kong. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company,CryptoSlam.\n• U.S. equities closed higher on Thursday. The Dow Jones Industrial Average edged up 0.23%, the S&P 500 gained 0.30%, and the Nasdaq Composite Index gained 1.01%.\n• The rebound in equities followed Janet Yellen’s Thursdaytestimonyto the U.S. Congress, reaffirming that the Treasury would take additional actions to secure bank deposits if necessary. This a day after shebacked awayfrom offering a blanket backstop for troubled banks.\n• On the inflation front, after the Federal Reserve’s 25-basis-point rate hike on Wednesday, Fed Chair Jerome Powell said at apress conferencethat the Fed’s goal to bring annual inflation to the 2% range remains firm, and interest rates will be raised as needed to achieve this.\n• The Fed’s next meeting on interest rate is May 3. Analysts at theCME Groupexpect a 65.8% chance the Fed will keep the rates at 4.75% to 5%. The chance of another 25 basis-point hike is at 34.2%, down from 49.4% on Wednesday.\n• Ahead of the opening of U.S. equity markets on Thursday, stock futures inched higher as of 9:00 a.m. in Hong Kong. Dow Jones Industrial Average futures moved up 0.06%. S&P 500 futures gained 0.08%. The Nasdaq Composite Index edged up 0.01%.\nSee related article:South Korea arrests former Coinone exchange official for alleged crypto-listing bribery', 'Bitcoin bounced back above US$28,000 on Friday morning in Asia amid a rebound in all top 10 non-stablecoin cryptocurrencies and gains in equities overnight. The market shrugged off the latest warnings from U.S. regulators to crypto platforms. Litecoin led the gains. U.S equities rose on Thursday after Treasury Secretary Janet Yellen said she would take \x93additional actions\x94 to protect customer deposits if necessary, following a raft of bank failures this month. See related article: Terra-Luna co-founder Do Kwon reportedly arrested in Montenegro Fast facts Bitcoin rose 3.19% to US$28,225 in the 24 hours to 09:00 a.m. in Hong Kong, gaining 13.02% for the week, according to CoinMarketCap data . The world\x92s largest cryptocurrency has surged 70% so far this year. However, U.S. dollar to Bitcoin liquidity is worsening due to the shutdown of crypto-friendly banks such as Silvergate Bank and Signature Bank this month that reduced access to U.S. dollar payment services. Bitcoin liquidity fell to a 10-month-low in March, according to a tweet by crypto data platform Kaiko on Friday. Ether climbed 4.12% to US$1,811, a weekly gain of 8.54%. Litecoin was the biggest winner for the past 24 hours, gaining 7.07% to US$92.86 and up 18.09% for the week. The next halving event of the token is scheduled in August this year and previous halvings have tended to be preceded by price gains. The U.S. SEC issued an investor alert on Thursday to advise caution about the risks in \x93crypto asset securities,\x94 stating that some providers of crypto investment services are not complying with federal securities laws, adding to the escalating conflict between U.S. regulators and crypto firms. The total crypto market capitalization rose 3.36% in the past 24 hours to US$1.19 trillion. Total trading volume over the last 24 hours dropped 19.78%% to US$55.26 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.21% to 4,120.05 points as of 09:30 a.m. in Hong Kong. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company, CryptoSlam . U.S. equities closed higher on Thursday. The Dow Jones Industrial Average edged up 0.23%, the S&P 500 gained 0.30%, and the Nasdaq Composite Index gained 1.01%. The rebound in equities followed Janet Yellen\x92s Thursday testimony to the U.S. Congress, reaffirming that the Treasury would take additional actions to secure bank deposits if necessary. This a day after she backed away from offering a blanket backstop for troubled banks. On the inflation front, after the Federal Reserve\x92s 25-basis-point rate hike on Wednesday, Fed Chair Jerome Powell said at a press conference that the Fed\x92s goal to bring annual inflation to the 2% range remains firm, and interest rates will be raised as needed to achieve this. The Fed\x92s next meeting on interest rate is May 3. Analysts at the CME Group expect a 65.8% chance the Fed will keep the rates at 4.75% to 5%. The chance of another 25 basis-point hike is at 34.2%, down from 49.4% on Wednesday. Ahead of the opening of U.S. equity markets on Thursday, stock futures inched higher as of 9:00 a.m. in Hong Kong. Dow Jones Industrial Average futures moved up 0.06%. S&P 500 futures gained 0.08%. The Nasdaq Composite Index edged up 0.01%. See related article: South Korea arrests former Coinone exchange official for alleged crypto-listing bribery', 'Bitcoin’s mining difficulty level rose 7.56% on Friday, hitting an all-time high along with the network’s hashrate, showing miners are applying more computing power. The difficulty changes roughly every two weeks, and is a measure of how much computing power is required for mining bitcoin blocks to be rewarded with Bitcoins.\nSee related article:Bitcoin rebounds above US$28,000 as equities gain in U.S. on Treasury easing bank worries\n• The mining difficulty reading came in at 46.84 trillion at block height 782,208 in Friday’s adjustment, following a 1.16% rise in the previous adjustment on March 11, according todata from BTC.com.\n• Bitcoin’s hashrate, a measure of computational power used by miners, was at around 395.15 exahashes per second on Thursday, reaching an all-time high, BTC.comdata showed.\n• Bitcoin’s price climbed 3% over the last 24 hours to trade at US$28,197 at around noon in Hong Kong, an increase of 9.31% over the past seven days, according todata from CoinMarketCap. The largest coin by market capitalization traded at US$20,792 on March 11.\n• The profitability rate of Bitcoin mining stood at US$0.0861 per terahash per second in the past 24 hours, down from US$0.19 from a year ago,data from BitInfoChartsshowed.\nSee related article:Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes', 'Bitcoin\x92s mining difficulty level rose 7.56% on Friday, hitting an all-time high along with the network\x92s hashrate, showing miners are applying more computing power. The difficulty changes roughly every two weeks, and is a measure of how much computing power is required for mining bitcoin blocks to be rewarded with Bitcoins. See related article: Bitcoin rebounds above US$28,000 as equities gain in U.S. on Treasury easing bank worries Fast facts The mining difficulty reading came in at 46.84 trillion at block height 782,208 in Friday\x92s adjustment, following a 1.16% rise in the previous adjustment on March 11, according to data from BTC.com . Bitcoin\x92s hashrate, a measure of computational power used by miners, was at around 395.15 exahashes per second on Thursday, reaching an all-time high, BTC.com data showed . Bitcoin\x92s price climbed 3% over the last 24 hours to trade at US$28,197 at around noon in Hong Kong, an increase of 9.31% over the past seven days, according to data from CoinMarketCap . The largest coin by market capitalization traded at US$20,792 on March 11. The profitability rate of Bitcoin mining stood at US$0.0861 per terahash per second in the past 24 hours, down from US$0.19 from a year ago, data from BitInfoCharts showed. See related article: Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes', 'Bitcoin’s mining difficulty level rose 7.56% on Friday, hitting an all-time high along with the network’s hashrate, showing miners are applying more computing power. The difficulty changes roughly every two weeks, and is a measure of how much computing power is required for mining bitcoin blocks to be rewarded with Bitcoins.\nSee related article:Bitcoin rebounds above US$28,000 as equities gain in U.S. on Treasury easing bank worries\n• The mining difficulty reading came in at 46.84 trillion at block height 782,208 in Friday’s adjustment, following a 1.16% rise in the previous adjustment on March 11, according todata from BTC.com.\n• Bitcoin’s hashrate, a measure of computational power used by miners, was at around 395.15 exahashes per second on Thursday, reaching an all-time high, BTC.comdata showed.\n• Bitcoin’s price climbed 3% over the last 24 hours to trade at US$28,197 at around noon in Hong Kong, an increase of 9.31% over the past seven days, according todata from CoinMarketCap. The largest coin by market capitalization traded at US$20,792 on March 11.\n• The profitability rate of Bitcoin mining stood at US$0.0861 per terahash per second in the past 24 hours, down from US$0.19 from a year ago,data from BitInfoChartsshowed.\nSee related article:Biden administration proposes 30% crypto mining tax, closing wash-trading loopholes', '24 March 2023 | SAINT HELIER, Jersey- As announced on 30 December 2022, the Board of Directors of CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022.\nThe Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company.\nThe share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").\nThe Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level):\n[{"Date": "17 March 2023", "Number of shares acquired": "1,725", "Lowest price paid (SEK)": "30.60", "Highest price paid (SEK)": "31.00", "Volume weighted average (SEK)": "30.92"}, {"Date": "20 March 2023", "Number of shares acquired": "170", "Lowest price paid (SEK)": "31.10", "Highest price paid (SEK)": "31.75", "Volume weighted average (SEK)": "31.45"}, {"Date": "22 March 2023", "Number of shares acquired": "114", "Lowest price paid (SEK)": "32.35", "Highest price paid (SEK)": "32.95", "Volume weighted average (SEK)": "32.87"}, {"Date": "23 March 2023", "Number of shares acquired": "500", "Lowest price paid (SEK)": "32.90", "Highest price paid (SEK)": "33.55", "Volume weighted average (SEK)": "33.17"}, {"Date": "", "Number of shares acquired": "2,509", "Lowest price paid (SEK)": "", "Highest price paid (SEK)": "", "Volume weighted average (SEK)": ""}]\nAll share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company\'s holding of own shares as of 24 March 2023 amounts to 335,919 shares. The total number of shares in CoinShares amounts to 68,135,425.\nFor a full break-down of repurchases made, please refer to the attached announcement.\nAbout CoinShares\nCoinShares is Europe’s largest and leading digital asset investment and trading group, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA.\nFor more information on CoinShares, please visit:https://coinshares.comCompany\xa0| +44 (0)1534 513 100 |[email protected] Relations | +44 (0)1534 513 100 |[email protected]\nThis information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 24 March 2023.\nAttachment\n• 20230324 - Appendix to press release - share buy-back', 'CoinShares International Limited 24 March 2023 | SAINT HELIER, Jersey - As announced on 30 December 2022, the Board of Directors of CoinShares International Limited (" CoinShares " or the " Company ") (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), Europe\'s largest and leading digital asset investment and trading group, resolved to implement a share buy-back program and repurchase shares on Nasdaq Stockholm Market during the period 3 January 2023, up to and including 3 April 2023 for total maximum amount of SEK 25 million in accordance with the authorisation from the Annual General Meeting on 20 June 2022. The Board of Directors’ resolution to implement the share buy-back program was made after the Board\'s review of the Company\'s capital structure and was implemented for the purposes of reducing the capital of the Company. The share buy-back program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and the Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation"). The Company today announces that share buy-backs of shares in the Company (ISIN: JE00BLD8Y945) have been effected as set forth below (aggregated level): Date Number of shares acquired Lowest price paid (SEK) Highest price paid (SEK) Volume weighted average (SEK) 17 March 2023 1,725 30.60 31.00 30.92 20 March 2023 170 31.10 31.75 31.45 22 March 2023 114 32.35 32.95 32.87 23 March 2023 500 32.90 33.55 33.17 2,509 All share buy-backs have been carried out on Nasdaq Stockholm Market by the Company. Following the above repurchases, the Company\'s holding of own shares as of 24 March 2023 amounts to 335,919 shares. The total number of shares in CoinShares amounts to 68,135,425. For a full break-down of repurchases made, please refer to the attached announcement. About CoinShares CoinShares is Europe’s largest and leading digital asset investment and trading group, managing billions of assets on behalf of a global client base. Our mission is to expand investing into digital assets with our trusted, regulated, best-in-class product suite that provides investors with trust and transparency when accessing cryptocurrencies. We believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system and the way we interact digitally, and investors should be able to participate in this transformation. CoinShares is publicly listed on the Nasdaq Stockholm under ticker CS and the OTCQX under the ticker CNSRF. CoinShares has multiple touchpoints with financial regulatory bodies around the world, including the AMF, JFSC and FINRA. Story continues For more information on CoinShares, please visit: https://coinshares.com Company\xa0| +44 (0)1534 513 100 | [email protected] Investor Relations | +44 (0)1534 513 100 | [email protected] This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:00 GMT on Friday, 24 March 2023. Attachment 20230324 - Appendix to press release - share buy-back View comments', 'Bitcoin and Ether rose during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Litecoin posting the biggest gains. Most Asian equities declined, after Hong Kong\x92s central bank warned of a potential spillover from the U.S. banking crisis. Concerns over the health of the banking system also bolstered gold prices to near a year-high. See related article: South Korea confirms identity of man arrested in Europe as Terra-Luna fugitive Do Kwon, seeks extradition Fast facts Bitcoin rose 1.92% to US$28,195 in the 24 hours to 4:30 p.m. in Hong Kong. Ether gained 3.16% to change hands at US$1,809, according to CoinMarketCap data. Most of the top 10 cryptos also rallied on the day, with Litecoin rising 6.95% to US$93.88 as the day\x92s biggest gainer, followed by Ether. XRP fell 4.42% to US$0.43, as the day\x92s biggest loser. The global cryptocurrency market capitalization increased by 1.7% to US$1.18 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 19.6% to US$54.47 billion. The Forkast 500 NFT index rose 0.44% on the day to 4,124.20 points, and inched up 0.7% on the week. Most Asian equities weakened on Friday, despite Wall Street\x92s overnight uptrend, reflecting investor caution after the Hong Kong central bank warned of further spillover effects from U.S. regional banks. The Shanghai Composite slid 0.64% while the Shenzhen Component Index gained 0.25%. Japan\x92s Nikkei 225 fell 0.13% and Hong Kong\x92s Hang Seng index ended the day 0.67% lower. European bourses fell on Friday in light of lingering concerns over the health of the banking sector and the possibility of further monetary tightening. The Stoxx 600 fell 1.06% and the DAX 40 lost 1.43%. The European banking index lost 1% on the day. UBS Group\x92s stock (UBSG) fell 5.28% while shares of Credit Suisse (CSGN) declined 5.82%, following reports that the U.S. Justice Department is probing the banks to determine if they helped Russian oligarchs evade sanctions. Gold slid 0.15% to US$1,990 an ounce, close to a one-year high, as investors were concerned over the health of the banking system and continued to digest the impact of the Federal Reserve\x92s widely-expected 25 basis points rate hike. See related article: Bitcoin breaks above US$28,000 as Do Kwon detained in Montenegro', 'Bitcoin andEtherrose during Asian trading hours on Friday, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Litecoin posting the biggest gains. Most Asian equities declined, after Hong Kong’s central bank warned of a potential spillover from the U.S. banking crisis. Concerns over the health of the banking system also bolstered gold prices to near a year-high.\nSee related article:South Korea confirms identity of man arrested in Europe as Terra-Luna fugitive Do Kwon, seeks extradition\n• Bitcoin rose 1.92% to US$28,195 in the 24 hours to 4:30 p.m. in Hong Kong. Ether gained 3.16% to change hands at US$1,809, according toCoinMarketCapdata.\n• Most of the top 10 cryptos also rallied on the day, with Litecoin rising 6.95% to US$93.88 as the day’s biggest gainer, followed by Ether. XRP fell 4.42% to US$0.43, as the day’s biggest loser.\n• The global cryptocurrency market capitalization increased by 1.7% to US$1.18 trillion in the 24 hours to 4:30 p.m. in Hong Kong, with total crypto market trading volume down by 19.6% to US$54.47 billion.\n• TheForkast 500 NFT indexrose 0.44% on the day to 4,124.20 points, and inched up 0.7% on the week.\n• Most Asian equities weakened on Friday, despite Wall Street’s overnight uptrend, reflecting investor caution after the Hong Kong central bank warned of further spillover effects from U.S. regional banks.\n• The Shanghai Composite slid 0.64% while the Shenzhen Component Index gained 0.
**Last 60 Days of Bitcoin's Closing Prices:**
[22934.43, 22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-24
**Financial & Commodity Data:**
- Gold Closing Price: $1982.10
- Crude Oil Closing Price: $69.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,047,613,812
- Hash Rate: 377232885.4931189
- Transaction Count: 292095.0
- Unique Addresses: 683787.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Miami, Florida--(Newsfile Corp. - January 24, 2023) - Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. Founded in 2013, Genesis Coin Inc accounts for approximately 35% of all world-wide Bitcoin ATM transactions. Barnard and Carrillo, who also founded Bitstop, went on to become the first and largest private label Bitcoin ATM platform based in Miami, FL with over 2,500+ Bitcoin ATMs worldwide. Genesis Coin and Bitstop represent over 75+ operators operating 12,000+ Bitcoin ATMs in the United States and international markets which account for billions of dollars in annual sales volume.
From left to right: Doug Carrillo, Evan Rose, Andrew Barnard
As part of the acquisition, Andrew Barnard will become Chief Executive Officer and Doug Carrillo will become Chief Strategy Officer and both will join the Board of Directors of Genesis Coin. Evan Rose, Genesis Coin's founder, will stay on as a technical advisor and remain a member of the company's Board of Directors. The Genesis Coin headquarters will move from Puerto Rico to Miami, Florida.
"Genesis Coin gave birth to the Bitcoin ATM industry," said Barnard. "It's the first and largest Bitcoin ATM software platform in The World. Evan built a platform trusted by some of the largest Bitcoin ATM operators in our industry, both domestically and internationally, including the Chivo network in partnership with the Government of El Salvador.
"Our industry is now rapidly changing, and Genesis Coin will lead the way into the future. Accomplishing this requires a solid team of world-class visionaries and developers. At Bitstop, we built an incredible software team and platform which has partnered with some of the largest companies both private and publicly traded from the traditional ATM industry. We plan to bring our background and expertise in building the best technology and team in the Bitcoin ATM industry to Genesis Coin. We believe this is a win-win for all stakeholders," furthered Barnard.
"Andrew, Doug, and I have been friends for a long time and have also been friendly competitors," commented Rose. "They have a reputation for their innovative and creative thinking. In addition, they have been successful in establishing key relationships in the Bitcoin space and their technical expertise and knowledge of Bitcoin is very impressive. In turn, this has allowed them to attract and retain top-tier talent and build great products. This transaction represents the coming together of the two leading software platforms in the industry and creates value for both companies' stakeholders. It combines the best product, engineering, and leadership teams in the space. I'm extremely excited to work alongside them and look forward to introducing very exciting new products and services we have planned for this year," commented Rose.
Barnard, Carrillo and Rose stressed the importance of continuing to provide stability to both platforms and continuing to service the needs of operators on both platforms. For the time being, both the Genesis Coin and Bitstop platforms will continue to run independently while exploring technical synergies. Genesis Coin has already made several key hires to their development team with a core focus on product development.
"This acquisition represents the most significant event in the Bitcoin ATM industry to date," said Carrillo. "Our commitment is to provide Genesis Coin with the proper resources it needs to pave the way for continued growth and innovation. We truly believe that this new combination of the best minds in our space will be the catalyst for the Bitcoin ATM industry evolving into its next phase. We are hyper-focused on building the best software for Bitcoin ATMs in the world. Today, the most sophisticated operators in our industry rely on Genesis Coin and Bitstop technology to power their businesses. As a result, we have become 'The Standard' in the Bitcoin ATM space where virtually all industry organic M&A activity today is occurring on the Genesis Coin and Bitstop networks," concluded Carrillo.
"Leverage dominated the entire cryptocurrency space over the last two years. Many other platforms in our industry couldn't resist the siren song," said Barnard. "This is a capital-intensive industry where you do not want to be in a lot of debt. Genesis Coin is financially secure with a strong balance sheet, no debt, and strong cash flow. The company does not have external investors. The result of this is that operators can build their future on the Genesis Coin platform with confidence. In a volatile industry, we are a beacon of stability. We are bullish on the potential of this industry. We see significant market growth from here over the next 10 years. We believe we are in the best position in the industry to unite the very best operators and support their growth. Our goal is to listen to our operators and deliver the very best products and features to them so they can deliver maximum value to their customers at scale," concluded Barnard.
About Genesis Coin:Genesis Coin is the first and largest white-label Bitcoin ATM network worldwide. We are the premier provider of autonomous vending solutions for bitcoin. Genesis Coin's proprietary managed infrastructure software solution has propelled it to become the largest provider of Bitcoin ATMs and software facilitating self-service buying and selling billions of dollars in cryptocurrencies across the world annually. Genesis Coin's software provides customers with a reliable, tailored operating platform. Genesis Coin delivers its software by selling BTMs to third-party operators who provide opportunities for businesses looking to diversify their revenue and drive foot traffic to their locations. Our machines make bitcoin simple for everyone.www.bitcoinatm.com
Press contact:Andrew [email protected]
To view the source version of this press release, please visithttps://www.newsfilecorp.com/release/152103...
- Reddit Posts (Sample): [['u/SouthNagsHead', "Absolutely Hell No - Eric Bland on Alex Murdaugh using 'Untainted' Money to Fund his Appeal", 119, '2023-03-24 01:47', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/', '***Law & Crime -***\n\n [‘Absolutely hell no’: Lawyer for Alex Murdaugh’s financial victims vows to fight efforts to use ‘untainted’ money to fund murder appeal (msn.com)](https://www.msn.com/en-us/news/crime/absolutely-hell-no-lawyer-for-alex-murdaugh-s-financial-victims-vows-to-fight-efforts-to-use-untainted-money-to-fund-murder-appeal/ar-AA190g3l?ocid=msedgntp&cvid=a70bd10a15a642f9a83e247b017576e7&ei=8) \n\nA lawyer for victims of the wide-reaching financial crimes of [Alex Murdaugh](https://lawandcrime.com/?s=%22alex+murdaugh%22) has vowed to oppose an effort by the disgraced attorney to use personal funds to cover the costs of appealing his murder conviction.\n\nMurdaugh, once a scion of the South Carolina legal community, was [convicted](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaugh-verdict-quickly-reached-after-marathon-double-murder-trial/) earlier this month of the double murder of his wife, Margaret “Maggie” Murdaugh, and their youngest son, Paul Murdaugh.\n\nBut murder was not his only crime.\n\nAccording to the South Carolina Attorney General’s Office — which has issued 19 different indictments — Murdaugh [stole at least $8.7 million](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaugh-has-admitted-to-dozens-of-financial-crimes-and-faces-over-700-years-in-prison-for-those-concessions-alone/) from his clients over the years.\n\nJustin Bamberg, a lawyer based in the city of Bamberg, South Carolina, represents the survivors of HaKeem Pinckney, who [died after a being paralyzed](https://www.nbcnews.com/dateline/in-the-news/alex-murdaugh-vowed-help-says-defrauded-rcna54289) in a horrific car wreck, and Blondell Gary, who was [also killed](https://www.marshelswrightdonaldson.com/obituary/1384307) in a vehicle accident. Murdaugh had previously represented their respective estates in wrongful death and negligence lawsuits, apparently garnering [hundreds of thousands of dollars](https://www.scag.gov/about-the-office/news/state-grand-jury-indicts-russell-laffitte-along-with-cory-fleming-and-alex-murdaugh-for-new-charges-in-superseding-indictments/) ostensibly on behalf of his clients.\n\nMurdaugh, however, kept the money for himself.\n\n **- Related Coverage -**\n\nOn Tuesday, attorneys for Murdaugh\xa0filed a motion in the wrongful death case brought by Renee Beach, whose 19-year-old daughter, [Mallory Beach](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/untangling-expansive-cast-of-characters-in-alex-murdaugh-murder-case/), was killed when a boat [piloted by Paul Murdaugh](https://lawandcrime.com/high-profile/it-was-so-over-the-top-alex-murdaugh-describes-vile-threats-against-his-youngest-son-over-drunken-boat-crash-that-killed-19-year-old-girl/) slammed into a bridge piling at around 2:00 a.m. in February 2019. The parties [settled](https://www.wsav.com/news/local-news/judge-approves-settlement-between-murdaugh-estate-and-beach-family/) earlier this year.\n\nAccording to the “motion for payment of attorneys’ fees and cost from untainted funds,” Murdaugh is asking for $160,000 to be transferred from a dedicated “Receivers” account to Murdaugh’s lawyers. The Receivers account is funded by what remains of Murdaugh’s liquidated 401(k) retirement account: some $425,000 is left in the account after $600,000 was initially withdrawn to cover Murdaugh’s defense at his murder trial, according to the court filing.\n\nThe motion says that Murdaugh’s funds from the retirement account have been “exhausted,” and that he has a Sixth Amendment right to hire the lawyer he wants to represent him on appeal, and is asking that the money be released.\n\n“A defendant’s right to counsel of his choice, whom the defendant can afford to hire with ‘innocent’ property, is a fundamental constitutional right,” the motion says, appearing to offer little more than the fact that the funds are from Murdaugh’s retirement account as proof that the property is “innocent.” Murdaugh’s lawyer also implies that additional legitimate funds have been put into the “Receivers” account, although the brief is thin on details.\n\n“These funds are legitimate, untainted funds,” the motion says. “Furthermore, the undersigned is informed and believes that there are additional funds that have been deposited into the Receivers’ escrow account that do not represent the proceeds from illegal activities.”\n\nThe motion also argues that requiring Murdaugh to rely on a public defender for his appeal would further weigh down a system that is already overwhelmed with trying to assist “truly indigent” clients.\n\nBamberg doesn’t buy it.\n\n“Alex Murdaugh should NOT be entitled to deprive his financial victims of the limited amount of funds available — not a single penny, Bitcoin, Dogecoin, or anything else of value — so he can continue trying to get or keep himself out of prison,” Bamberg wrote in a note posted to Twitter on Wednesday.\n\nAccording to Bamberg, Murdaugh’s money cannot be separated from his criminality.\n\n“None of Alex’s money is ‘untainted’ in my opinion based on his admissions during his murder trial,” Bamberg wrote.\n\nBamberg says that there is no way Murdaugh’s retirement funds are “legitimate” because “an obvious contributing factor to his ability to even put that kind of money away over the course of his legal career was the simple fact he was actively stealing MILLIONS from clients and using that stolen money to pay for stuff he desired instead of relying solely on any legitimately earned income\\[.\\]”\n\nBamberg notes that Murdaugh had years to compile his ill-gotten gains, including from funds that were supposed to go to his clients.\n\n“He was paid a six-figure salary by his former law firm, earned credit for legal fees the firm received on cases that he stole money on, got credit for those fees and in turn, he received an annual bonus on those fees despite his unconscionable lying, backstabbing, and cheating his clients out of money these people LITERALLY cried, bled, had surgery or suffered through a funeral to get,” Bamberg said. “Absolutely hell no. That’s not right.”\n\nBamberg said that Murdaugh should be required to “apply for a public defender just like ANYBODY ELSE WITH NO REAL MONEY FOR A LAWYER is forced to do EVERY SINGLE DAY in this world — including most of the people prosecuted by his own family when they were Solicitor over the last 100 years.”\n\nMark Tinsley, who represents Beach, told Law&Crime that the court will ultimately decide what happens with the money, but indicated that the transfer of funds is beyond what was originally agreed.\n\n“When Alex’s lawyers asked us to agree to the liquidation of the 401k account, it was based on the offer of a certain sum coming back into the receiver account fund for the victims,” Tinsley said in an email. “They knew or should have known how much their costs were going to be. The fact that they were wrong or spent unwisely or whatever the case may be is not a material change in circumstances that would warrant the court undoing its prior order or that would warrant setting aside the agreement of the parties as it relates to allowing the funds from the 401k to be received by Alex’s counsel.”\n\nBamberg did not immediately respond to Law&Crime’s request as to when he expects to file his objection.\n\nFollowing his conviction, Murdaugh was ordered to serve [two consecutive life sentences](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/live-alex-murdaugh-will-be-sentenced-on-double-murder-convictions-day-27/) by [Judge Clifton Newman](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/judge-tells-alex-murdaugh-his-legal-dynasty-sent-people-to-die-for-less-before-sentencing-him-to-prison-forever/), who noted that the lawyer-turned-convicted-murderer now faces the same fate as those who he had previously prosecuted.\n\nMurdaugh is [appealing the conviction](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaughs-attorney-furious-about-sheriffs-office-releasing-attorney-client-privileged-jailhouse-phone-call-absolutely-talking-about-trial-strategy/).', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/', '1203noo', [['u/Q-that', 15, '2023-03-24 01:52', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfk0k8/', 'I believe I have solved the motive question. The Primary motive and end game was for AM to die like his Grand Father and for Buster to continue to carry on the family legacy of being a lawyer. His lineage was so ingrained in him he could not conceive or allow the lineage to end or be broken. It was his duty to ensure Buster flourished and that means he needed $$$$. Lots of it. After getting caught swindling his law firm the jig was up. He had no choice but to take out MM who was about to hire a divorce attorney and PM who was going to cost him millions… in Alex’s mind he was at the end of his rope. He would buy enough time for himself to attempt to pull off the cowardly roadside shooting which would’ve set up Buster but ultimately AM’s cowardice prevailed and he crash and burned. This explains the calls to BM trying to get him back in school. Etc. it’s logical and makes sense.', '1203noo'], ['u/lilly_kilgore', 15, '2023-03-24 02:42', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfqrmb/', "But the life insurance policy didn't exist...", '1203noo'], ['u/Beneficial_Mirror_45', 46, '2023-03-24 02:49', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfromo/', 'Hard not to point out that the legal team writing the motion asking for more $$ to spend on the appeal is the same team that spent 20,000 "untainted" dollars a week staying at Eden at Gracefield with their own live-in chef during the murder trial. I vote with Bamberg, Bland, and Tinsley: Alex Murdaugh is already a guest of the state, and can avail himself of the public defenders office. \n\nSo what\'s their plan for getting paid for the upcoming trials Alex faces for fraud, theft, money laundering, drug trafficking, etc.? And will they be switching venues to a city that can offer either a Four Seasons (hotel, not garden center; I don\'t see them allowing Rudy to make reservations) or a Ritz Carlton, or will they be slumming at the Eden estate again?', '1203noo'], ['u/Cultural_Magician105', 28, '2023-03-24 03:10', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfui1l/', 'Is there actually any "untainted" money?', '1203noo'], ['u/NeverlyDarlin', 21, '2023-03-24 03:13', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfuwwc/', 'Believe it or not, there are ppl in this world who would send money to Ellick for his appeal. That psychopath Jody Arias raised $100 K. That’s right, a hundred grand. Go figure.', '1203noo'], ['u/Night-shade1', 29, '2023-03-24 03:19', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfvpr9/', 'Family should pay up or dick n Jim can do it for free.', '1203noo'], ['u/MerelyMartha', 29, '2023-03-24 03:22', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfw1c7/', 'Can victims’ attorneys get a summary of charges by AM’s attorneys to show that the money from the 401(k) intended to be enough to cover legal fees was used unwisely? Heck, why didn’t they just stay at Moselle for free? I’m with Bamberg! Hell no! Not one dime!', '1203noo'], ['u/HovercraftNo4545', 11, '2023-03-24 03:25', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfwf4x/', 'What in the heck did she appeal? That crazy bi-atch doesn’t deserve appeals.', '1203noo'], ['u/lilly_kilgore', 22, '2023-03-24 03:43', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfyowd/', 'The argument is that even money that would normally be untainted is actually tainted money because the only reason why he has that money in his 401k is because he had other ill-gotten gains to spend', '1203noo'], ['u/lilly_kilgore', 11, '2023-03-24 03:43', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfyqip/', 'Tinsley', '1203noo'], ['u/willpoopfortenure', 34, '2023-03-24 03:45', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfyyce/', 'Ha! “Truly indigent”\n\nAM is worth negative millions now. He’s poorer than an “indigent” person with no assets, no home, no job, and no car. He just doesn’t want to admit how far he’s fallen.', '1203noo'], ['u/ChillyDenise', 14, '2023-03-24 04:02', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg0zev/', 'Mark Tinsley said it in court. Mic drop moment with Poot.', '1203noo'], ['u/IllustriousLaw3918', 18, '2023-03-24 04:03', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg16aa/', 'How did he take a $600k distribution, pay taxes, pay lawyers to defend him, and have $425k left? The taxes would have been $210k or more because his tax status is single. Plus he is younger than 59.5. So 10% penalty. His net distribution would be around $320k. I’m shocked that anything is left. \n\nPerhaps there is more in the 401k. Probably another $600k or more.\n\nOr he was lucky to have it all in a Roth401k.', '1203noo'], ['u/Cultural_Magician105', 24, '2023-03-24 04:09', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg1tfj/', 'The more stories I read about Alex the more I realize that he has absolutely no redeeming qualities....', '1203noo'], ['u/Huge-Sea-1790', 12, '2023-03-24 04:14', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg2e9j/', 'Also this latest development kinda void his reason for the roadside incident. Every he does since he was arrested contradicts his “my life for Buster” excuse.\n\nIf he was willing to die to give 10 mil to Buster (in theory) then why would he expend the last of his funds to continue the court battle? He is not seeing the light of day ever again, if not for the murders, then for the gazillion financial crimes. If he loves Buster and wants everything for his golden boy, he would just leave any last bit of money left for his son.\n\nIf he wants Buster to have a good law career, he wouldn’t have put Buster on the stand or make Buster show up at the court room at all. He should understand the implication for Buster to show up, on the defence side no less, and then on the stand. That kid’s law career burned up long ago and the murder trial was the cold bucket that washed the ashes.\n\nLike honestly if he loves and cares for Buster at all like a proper dad he should have tried his best to shelter his only son, only family left on this Earth from all the drama and trauma. He did anything but, even Buster grew sick of his dad’s charade. Also don’t murder his family but I guess hindsight is a bitch.\n\nAlso I looked up tuition for USC law school. Honestly 60k as a bribe to get Buster back into it is kinda …. low if I’m being honest. I think it was for something else, or Alex was being delusional. Which also makes sense because Buster kept dropping hints that Alex missed that he didn’t wanna go back to law school, which also makes sense because why would you walk back on the bridge your father just burned?', '1203noo'], ['u/The-waitress-', 15, '2023-03-24 04:15', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg2jkn/', 'He’s a very sick, disturbed person. I hope he never steps outside a prison or courthouse ever again.', '1203noo'], ['u/Admirable_Matter_523', 19, '2023-03-24 04:17', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg2t1l/', "Yeah, they stayed at a $20k per week venue, which is absolutely outrageous! They allegedly got a discount, but even conservatively, that's still like $100,000 just for their lodging.", '1203noo'], ['u/Viewfromthe31stfloor', 20, '2023-03-24 04:18', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg2wno/', 'I would be very happy for Alex to use public defenders now.', '1203noo'], ['u/Cultural_Magician105', 10, '2023-03-24 04:19', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg31l6/', "Unfortunately he'll probably thrive in prison, he'll be everyone's helpful jailhouse lawyer. I bet there will be lots of inmate lawsuits filed by him.", '1203noo'], ['u/The-waitress-', 16, '2023-03-24 04:22', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg3f68/', 'I’m okay with that. Maybe he can do some good with his pathetic life to try to remedy the horror he’s caused others.', '1203noo'], ['u/lilly_kilgore', 14, '2023-03-24 04:24', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg3obi/', 'There was over a mil in the 401k', '1203noo'], ['u/-Workin-it-', 22, '2023-03-24 04:56', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdg7bcd/', 'Fucking crooks is what they are. Greedy, entitled, selfish, don’t know right from wrong, parents never taught them nothing, crooks. $20k a week lodging and now they’re holding their little rat hands out for more. Gross.', '1203noo'], ['u/OneMathematician796', 42, '2023-03-24 05:27', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdgajmc/', 'I agree with Bamberg and Tinsley. Alex’s 401k was liquidated and he was allowed to take a significant amount to pay his attorneys, to go back and ask for more because he wants to appeal. Last time I checked, he went to law school, has he ever heard of “Pro Per”. If Alex is now so concerned for leaving the Public defenders to the “indigent” people of his community, then why not put his schooling to use. \n\nAlex graduated law school in 1994 and I read from the collections, 37 victims, the first victim was Williams in 2001, with Laffitte. So he practiced lawfully for approximately six years??!!! and was corrupt for over twenty-one years!!! There’s no way that retirement money is legitimate gains. It’s hard to believe that there were any years of legitimacy.', '1203noo'], ['u/MerelyMartha', 11, '2023-03-24 06:07', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdged9p/', 'Early on, I heard $3,500/night. That’s $17,500/week if they went home on the weekends. Probably didn’t include the chef. Outrageous! Reminds me of an old joke: \n\nQ. What do you call a thousand lawyers at the bottom of the ocean? \n\nA. A good start. \n\nI know that’s not true of all lawyers but it’s surely true of those defending Murdaugh.', '1203noo'], ['u/LC-89897A', 18, '2023-03-24 07:53', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdgmpd0/', 'I totally agree or he could work with a public defender as council from a former attorney. He must know he’s a shitty lawyer lol', '1203noo'], ['u/restingbiotchface', 30, '2023-03-24 09:41', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdgu7pp/', 'He has no untainted money. He stole 8-10 million dollars from people. Unless he has in excess of 10 million he’s out of luck.', '1203noo'], ['u/FreaksEverywhere', 44, '2023-03-24 11:44', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdh36rx/', "BS. All of his money is tainted. He can hire a Public Defender!! Alex is broke. He has no money, so he should be made to use a Public Defender.\nEvery cent of any Murdaugh money should go to his victims. \n\nThis MF is behind bars and he's still screwing people over. His asshole Lawyers are more than happy to leave the victims uncompensated. Their extravagant spending shows that they are blood suckers, just like Alex.\n\nThe people of Waltersboro (sp?) should be rioting in the streets, demanding financial justice for their community!!", '1203noo'], ['u/WrastleGuy', 15, '2023-03-24 13:39', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdheqzu/', 'Agreed. All of his money was built off decades of rampant theft. Any money tied to Alex should go to 0.\n\nBuster has his own inheritance which is still massive, he’ll never have to work. He doesn’t need Alex’s stolen money.', '1203noo'], ['u/eekcmh', 12, '2023-03-24 14:45', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdhn7g5/', 'I’m not a fan of these attorneys in general, and I do think that’s a little high, but I work for a corporate law firm and can see $20k/week lodging being a reasonable fee to charge back to a client, assuming the client knew in advance.\n\nHotel rooms are $200/night in most places after tax and fees. Assuming they brought at least the people who sat at the table (and I’d bet they had a paralegal or tech expert back at the hotel, but let’s say they didn’t). That’s minimum $8400/week for lodging for six. Then you have to rent space so you can work - so add on $3500/week for renting a conference room or suite. That’s not even considering things they need to rent like copiers/printers or fax machines, which the other space may have had. These aren’t materials that can be run through the hotel’s business center - there are security protocols.\n\nNow. The bigger problem? This is a small town. There are only so many hotels. Privacy is important. Can anyone guarantee the housekeeping isn’t snooping? Can anyone be sure hotel guests don’t accidentally wander down the conference room hall and overhear something? Those rooms aren’t soundproof. No, this is a murder trial. Better to pay the extra and get yourself a space that has everything you need, and guaranteed privacy - somewhere you can control the situation. The client is the one footing the bill, so assuming the client agreed to it in advance, choosing the more secure option makes sense.\n\nThere are a lot of things to be critical of these attorneys for, but their lodging expenses aren’t one of them, IMO. Costs add up when you think about how many people were staying with them.', '1203noo'], ['u/RawScallop', 12, '2023-03-24 16:46', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdi5g5u/', "How many properties did he have? How many people was he bribing/paying off? And how much debt was he in with those 2008 investment properties?\n\n Paying employees, fees, taxes, for 2 spoiled children and a wife with finer tastes who couldn't say no to her boys. \n \n Vacations, gifts, donations...\n\n It goes fast, 8mil over 10 years can easily have gone to shit like that and cost of living.", '1203noo'], ['u/Jujulabee', 16, '2023-03-24 17:36', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdidd8f/', 'I don\'t see how Murdaugh would possibly be able to withdraw more money from the 401 (k) funds.\n\nThis was specifically agreed upon by Murdaugh and the creditors. 401 (k) funds are not reachable by creditors until they are withdrawn and become "ordinary" income. This is why OJ Simpson was effectively able to protect his pension funds from the lawsuits by the Goldman and Browns even though they won a substantial judgment.\n\nHe was allowed to withdraw the funds without ALL of them becoming subject to creditor judgments and the "compromise" was that he could keep $600,000 for legal fees\n\nThe Sixth Amendment argument is ridiculous because you are not guaranteed an expensive lawyer you can\'t afford. You are only guaranteed legal representation which is why there are public defenders. Alex is effectively a pauper like most of the people who are in jail. He can either use a public defender for the appeal or his family can fund any further legal costs.', '1203noo'], ['u/frogfan-kateann', 22, '2023-03-24 19:49', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdiy9ig/', 'If his lawyers really believed him and the case, like they claim too, why not do the appeal pro bono? They’re all buddies right?', '1203noo']]], ['u/DisputableSSD', "Why I don't fully support big blocks", 12, '2023-03-24 02:09', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/', 'I want to start this by saying that I do support on-chain scaling. BTC\'s path has been a disaster and LN is a shitshow. My issue is that I don\'t think technology is quite capable yet of full on-chain scaling in a decentralized manner. I think blocksizes of up to 100-200mb are "feasible" without becoming BSV, but prefer something a lot more conservative. 8mb seems to me a safe, conservative blocksize. BCH\'s current 32mb is too aggressive, IMO, but still probably safe. I\'m not here to attack, I just want to discuss.\n\n# Technological advancement is slowing\n\nI don\'t have a lot to say on this one, but it\'s one of my biggest concerns. If you look at the data, storage costs are not decreasing nearly as fast as they once were. SDDs are doing better than HDDs, but they are still slower than the innovations of say 20 years ago, and it will still be many years before they overtake HDDs in terms of cost. The same is true of CPUs, and bandwidth. I would provide graphs and such, but they\'re easily findable online, and a search engine would paint a much fuller picture than I can.\n\nI sometimes see posts about things like DNA storage which packs hundreds of terabytes into something the size of an SD card... the problem is that all the new futuristic storage technologies you see in the headlines either cost tens of thousands of dollars, or are obscenely slow, or both.\n\n# Bandwidth\n\nEven a quite low end connection would allow you to keep up with current blocks, but this does not solve IBD, or traffic caps, or upload speeds. A lot of ISPs have caps of around a terabyte or two per month, before customers are either throttled or forced to pay extra fees. These limits usually aren\'t even increased to align with speed improvements. There are plenty of places which offer unlimited data, but this is not available in all areas, it generally costs a good amount more, and even then sending tens of terabytes around might be enough to get an eyebrow raised during IBD. High upload bandwidth isn\'t strictly required, but generally we want nodes to be contributing more than they take. Unfortunately upload speed is usually a lot lower than download, too.\n\nThere\'s also Tor/I2P. Needless to say, they have very low speeds, both upload and download. And maybe I just haven\'t been paying enough attention, but the speeds on Tor don\'t seem to improve nearly as quickly as bandwidth in general. Ideally, node operation should be possible over Tor.\n\n# Non-mining nodes do serve a purpose\n\nThe Bitcoin which Satoshi first envisioned is very different from what it became. He did not anticipate the creation of mining pools, or even "mining" as a concept as we understand it today. If all miners ran nodes, then I would not be very concerned... but that is not the case. Most hashrate blindly follows what a pool server tells it to do, and increasing the cost to run a node only makes this worse. Instead of being a relatively small investment that miners must make, node operation is an unnecessary expense which can be easily outsourced.\n\nNon-mining nodes also help distribute the load on the network of handling propagation and users, and improve censorship resistance by maintaining additional copies of the chain. And while "keeping miners honest" is a bit of a meme, there is some truth behind it. If miners have a near or total monopoly over nodes, then collusion is significantly easier and all software must rely on them instead of a more diverse set of servers. Yes, non-miners could still make the investment, but increasing that cost discourages doing so when there\'s already little to no financial incentive to do so. It seems to be a tragedy of the commons to me. Allowing users to fully verify their own transactions is good too. Pruned nodes can do this, but that still doesn\'t solve bandwidth/verification issues, only storage.\n\n&#x200B;\n\n**Edit**: I appreciate the responses from everyone, a lot of good points have been made. I can\'t say I\'m fully convinced on the technological growth/Tor part, though.', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/', '12048ex', [['u/sandakersmann', 24, '2023-03-24 04:15', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdg2jjs/', 'No one here is advocating for GB blocks today. We will grow adoption and support them in the future when they are needed and can work.', '12048ex'], ['u/mrtest001', 13, '2023-03-24 04:39', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdg5dy9/', 'Fun fact... its a complete myth that transactions are on the blockchain forever. This is absolutely not true - at least doesnt have to be true.\n\nAny miner or node can choose to discard spent outputs that are X levels deep - I am not talking about "confirmations", I am talking about when an output is spent, then the new output is spent and so on...making a chain. A spent output that say is 100 levels deep and buried under X number of blocks is safe to discard.\n\nThis is a matter of pure economics and efficiency. A miner that discards bytes no longer needed has an advantage over those that do not.\n\nKeep in mind that block hashes / merckle trees and what-nots are still kept, so you are very secure in starting new nodes from "efficiently pruned" nodes.', '12048ex'], ['u/gotamd', 11, '2023-03-24 06:40', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgh3mm/', 'Not true when UTXO Commitments are adopted. Are you familiar with that concept?', '12048ex'], ['u/allinape2022', 11, '2023-03-24 07:01', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgitu9/', 'Now BCH community need to focus on: \nMore real "Users" and more "Adoption" \nMore on-chain transfer fee \nthen more Miners. \nMore safety.\n\nUse it in real life.\n\nBe Cash', '12048ex'], ['u/gotamd', 14, '2023-03-24 07:22', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgkf6s/', 'The UTXO commitment replaces the genesis block, so yes, it would enable pruned nodes to bootstrap a new node. You can think of a UTXO commitment as like copying the state of the chain at a given block height and creating a new blockchain with that UTXO committed as the genesis block. It’s just that in this case it’s also seamlessly compatible with non-pruned nodes working from the true genesis block or an earlier UTXO commitment point as well.', '12048ex'], ['u/sandakersmann', 14, '2023-03-24 07:28', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgku9l/', 'You should be more concerned about adoption right now.', '12048ex'], ['u/Shibinator', 14, '2023-03-24 07:44', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdglzps/', '> UTXO set grows to tens or hundreds of gigabytes\n\nIf the UTXO set is 10s of gigabtyes, the entirety of humanity and a sizeable AI population is using BCH for every bit of commerce in the world. Even then, that\'s probably a huge overestimate of UTXO size.\n\nThat\'s like saying "Guys you should think about how your building is going to work at 10 million floors tall, why are you ok with carrying on construction when the foundations can only support 100 000 floors?"\n\nAnswer: 100k is more than enough, especially when you only have 1 floor worth of residents today, worrying about something even more pie in the sky is just concern trolling.', '12048ex'], ['u/jessquit', 11, '2023-03-24 08:05', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgnivh/', '>I meant, can a pruned node serve UTXO commitment data to *other* new nodes? \n\nYes. An efficiently pruned node contains only the UTXO set as well as recently spent outputs and the entire Merkel tree.\n\nA new node can see the currently spendable coins, can prove that all the work remains unchanged and can prove that the coin supply is correct.', '12048ex'], ['u/jessquit', 23, '2023-03-24 08:10', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgnw09/', "Of course nodes are important. But everyone doesn't need to run a node at scale. SPV works and is incredibly secure and lightweight. We just need enough nodes to support a billion-plus SPV wallets.\n\nThere are millions of businesses, institutions, whales, and other large organizations capable of running large scale nodes. If even a few percent of them run nodes, that's tens of thousands - more than enough to run the blockchain at any conceivable scale.\n\nThe way to get these entities to run large scale nodes isn't to keep blocks tiny, but to make the blockchain **useful.** I've worked in businesses that have to deal with 100GB of *email* a day. If there's a compelling business use case for a scalable node, it's perfectly within their budget.\n\nThe idea that the world's future money supply has to run on a hobby computer is ludicrous. The fact that we can scale up to 100X current usage on today's hobby computers is simply an amazing confirmation of Bitcoin's inherent scalability.", '12048ex'], ['u/ShadowOfHarbringer', 12, '2023-03-24 08:37', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgptlv/', "> Gigabyte blocks aren't where my concern begins. It's long before that.\n\nYour concerns will only start becoming viable if we reach 10000x-1000000x the current traffic on the network.\n\nTherefore they are invalid at this point of time. We are still 20-40 years from that point.\n\n**To have a relevant argument, come back here in 20 years**. But I am pretty sure we will have solved the issues by then. It's pretty much half-done already and we still have a lot of time.", '12048ex'], ['u/jessquit', 12, '2023-03-24 09:19', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgspmz/', 'This is why anti spam/DoS limits are still important. You can look at what BSV did to itself to see the issue. A billion people making regular cash transactions regularly produces use-case pressure to run large nodes over time. Simply removing DoS limits in advance of usage opens the system up to a bad actor who can monopolize the node network by spamming everyone else off of it.', '12048ex'], ['u/Shibinator', 10, '2023-03-24 10:49', 'https://www.reddit.com/r/btc/comments/12048ex/why_i_dont_fully_support_big_blocks/jdgyvom/', '> The UTXO set is already a few gigs.\n\nI think the last I remember hearing it, it was about 3 or 4GB. I\'d be interested to see the latest numbers, and a graph over time. It surely isn\'t growing that fast. Not only do new transactions destroy UTXOs to create new ones, but **most UTXOs don\'t need to be in fast access storage**. The most likely UTXOs to be spent soon, are the ones that were most recently created.\n\nMany of the existing UTXOs are either lost, or in cold storage. They won\'t move for years. It would be trivial to split the "UTXOs > 1 year old" into a separate storage space, and retrieve them from there on the odd chance they are required.\n\nSo of the current 4GB lets say, there\'s probably only a few hundred MB that are "active". Growth of "active" UTXOs to hundreds of gigabytes is genuinely a world scale affair. That isn\'t going to happen overnight, we\'ll get at least another decade of hardware improvements before that\'s even a possibility - AND we\'ll have an ungodly rich BCH community with all the time and money in the world to solve it.', '12048ex']]], ['u/wpeironnet', 'The true story of the origin of the term “Hodl”', 15, '2023-03-24 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/1204ql9/the_true_story_of_the_origin_of_the_term_hodl/', 'Back in December 2013, a user named GameKyuubi made a post on the BitcoinTalk forum titled "I AM HODLING". He had intended to write "holding", but made a typo and wrote "hodling" instead. It caught on as a meme and became a popular way to refer to holding onto cryptocurrencies, even during market downturns.\n\n"Hodl" has since become an acronym for "Hold On for Dear Life", as it encourages investors to stay strong and not sell during market fluctuations. It\'s a way to remind ourselves of the long-term potential of our coins and not give in to panic.\n\nToday, "hodl" is a common expression in the crypto community, used on forums, social media, and even on merchandise like t-shirts and mugs.\n\nNow, go forth and hodl strong!', 'https://www.reddit.com/r/CryptoCurrency/comments/1204ql9/the_true_story_of_the_origin_of_the_term_hodl/', '1204ql9', [['u/-Jimi-', 10, '2023-03-24 02:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1204ql9/the_true_story_of_the_origin_of_the_term_hodl/jdfpdjt/', "Hodl till when? We should sell at some point isn't it?", '1204ql9']]], ['u/No_Concentrate2892', 'What Bitcoin services do we need for mass adoption?', 18, '2023-03-24 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1204vw1/what_bitcoin_services_do_we_need_for_mass_adoption/', "What sort of Bitcoin services would you like to see get built out? And what do you think is required for mass adoption, let's say onboarding the first billion people?\n\n\nBitcoin DEXs\nI think we need large liquidity Bitcoin decentralized exchanges. DEXs are popular in the Ethereum ecosystem, but Bitcoin DEXs are very low volume and illiquid and therefore the prices are awful. We need to start seeing Bitcoin DEXs with many millions of dollars in volume per day and prices near market price to allow people to easily pick up bitcoin privately, rather than getting tracked by centralized exchanges.\n\nBitcoin-first online merchants\nWe also need a Bitcoin-first popular website. Someone needs to create Amazon for Bitcoin. Yes it'll be great when the already established e-commerce websites start accepting Bitcoin at naturally that is needed for mass adoption and acceptance of Bitcoin as a currency, but that could be many years off. In the meantime I'd like to see a successful bitcoin-first online shop open up so that it actually becomes easy for anyone to buy things online with bitcoin. I'm sure there are bitcoin online shops but there's no Amazon for bitcoin where people are like oh you want to buy things with Bitcoin just go here!\n\nDecentralized Bitcoin lending\nProbably also a decentralized collateralized lending platform. The lending platforms have gone out of business because they have been centralized companies. Non-collaterized lending with Bitcoin won't work because that requires legal enforcement, but collateralized works because that already involves financial enforcement (you don't get your more valuable Bitcoin back if you don't pay off the loan). I'd like to see a decentralized bitcoin lending protocol start giving people with much of their money in bitcoin options to leverage that wealth without getting rid of it and without risking it on a company that might fail.\n\n\nWhat do you think? What other basic services do you think are needed in the Bitcoin ecosystem to make it better, more usable, and more ready to enable mass adoption?", 'https://www.reddit.com/r/CryptoCurrency/comments/1204vw1/what_bitcoin_services_do_we_need_for_mass_adoption/', '1204vw1', [['u/PeterStepsRabbit', 25, '2023-03-24 02:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1204vw1/what_bitcoin_services_do_we_need_for_mass_adoption/jdfqggo/', 'User friendly , i mean mega user friendly. Dumb style mega friendly enviroment', '1204vw1'], ['u/nichnotnick', 17, '2023-03-24 02:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1204vw1/what_bitcoin_services_do_we_need_for_mass_adoption/jdfrjg9/', 'iPhone level easy', '1204vw1']]], ['u/ClearanceChin', 'Raise Your Hand If You’ve Been Personally Victimized by Pepper…', 82, '2023-03-24 02:58', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/', 'Hi all, this is my first time posting and would greatly appreciate some advice, insight and bra suggestions. I, like many other members of the IBTC, was victimized by Pepper and fell for their marketing and targeted ads. It wasn’t until after I bought some bras from them, that I came across negative Pepper reviews that led me here. I took a deep dive into the rabbit hole that is ABTF.\n\nFor the last 15 years of my life, I have been wearing the wrong bra size, thank you Victoria’s Secret sales associate for telling me my bra size is a 34B… Every 34B I ever tried on was too big in the band, so I guesstimated that I must’ve really been a 32A since I was flat chested and the bands were always riding up my back. 32A was never a great fit either, but it seemed better than 34B. \n\nI ended up with a 34AA from Pepper, thinking it was the best fitting bra I’ve ever worn. Technically it was the best fitting bra I’ve ever had in my life. Until I stumbled upon ABTF.\n\nHere are my measurements:\n\nLoose Underbust: 30.25\nSnug Underbust: 30\nTight Underbust: 29.75\nStanding Bust: 34\nLeaning Bust: 35.75\nLying Bust: 34\nSizing System: US\nShape: Shallow, wide root, full at bottom (I think)\nAFAB\n\nThe calculator suggested my size as 30DD/DDD or a more comfortable size of 32D/DD. (Still trying to overcome the sticker shock of being a D cup or even a DD after thinking I was an A cup for so many years)\n\nI’ve tried lots of different bras so far. The ones I liked the most were the Natori Feathers Contour Plunge Bra and the b.tempt’d Future Foundation Push Up Bra. (Too insecure to post pictures)\n\nNatori Feathers\n30D - I ultimately decided to keep this one. The band was snug but comfortable (seemed tighter in black). The gore laid flat, the cup shape seemed really good (there was the most subtle tiny bit of quadboob only in the left cup post scoop and swoop), and there was a nice, subtle lift. It was very comfortable. After 30 min of wear, I forgot I was wearing it. \n\n30DD - The band felt about the same as the 30D. The top of the gore dug into my sternum a bit. After wearing it for 30 min, the gore was really annoying and left a red mark. The cup shape seemed really good, except the top right cup gaped if I moved my right arm. Post scoop and swoop, the cups were full with no quadboob. But after I moved, the breast tissue “settled” which lead to gapping in the tops of the cups, especially the right one. The outer/top edges of the of the cups seemed to rub against my armpit in a very uncomfortable way. \n\n30DDD - No amount of scoop and swooping could fill these cups.\n\nB.tempt’d Future Foundation Push Up Bra\n(This one did not come in a 30 band so both were returned)\n32C - The band was loose, as expected, so I sister sized down to a C cup. The cups seemed like a good shape match and I loved the silhouette it gave me. But the cups gaped if I moved my arms a lot and there was quite a bit of quadboob after the scoop and swoop. \n\n32D - This had a very similar fit to the 32C, minus the quadboob post scoop and swoop. The gaping was more pronounced, especially if I bent over to pick something up. \n\nI loved almost everything about this bra. The shape and demi-coverage of the cups, the ultra soft material to them, the deep, wide plunge and gore, the silhouette it gave me under clothes. The push up was subtle and natural looking. The shallow projection and shape matched so well, but the gaping at the top and the band ruined it. Can anyone recommend one like this but with a 30 band? \n\nBras I tried and didn’t like or didn’t fit:\nNatori Front Close T Back (orange in a glass)\nNatori Discreet Convertible Spacer (It was very comfortable and fit almost perfectly but it flattened my chest in a very ugly, unflattering way)\nNatori Bliss Perfection (too much coverage, made me look like I was wearing my grandma’s bra)\nb’tempt’d b.wow’d Push Up (very stiff, uncomfortable cups)\nFreya Deco Moulded Plunge (everything was wrong with this one)\nA bunch of Calvin Klein bestsellers (every single one except an unlined one was way too projected for me)\n\nQuestions:\n1. How important is scooping and swooping in sports bras and bikini tops?\n2. For the armpit, how can I tell what’s armpit fat and what’s the tail of Spence? How much of that should be swooped into the bra cups?\n3. I’ve heard that it’s normal to have to scoop and swoop multiple times throughout the day if this is the first time wearing ABTF. How will I know if that’s why vs. having to do it multiple times because the fit isn’t good? \n4. Is it possible that a 30D would fit better right now, and after months to a year of wearing ABTF a 30DD would fit better because of tissue migration?\n\nIf you’ve made it this far, thank you so much for taking the time to read this and I’m sorry if it’s all over the place!', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/', '1205h4t', [['u/Lady-Aethelflaed', 25, '2023-03-24 03:34', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/jdfximw/', 'We are very similar sizes! My best fit so far is B.Tempted in 30DD. \n\n1. Very important if they are wired or cup sized to keep everything where it’s supposed to be. Mine are s/m/l sizing and well, I do my best lol but it doesn’t make a big difference. \n\n2. Just do your best honestly and whatever is left is probably TOS.\n\n3. I’ve never had to re do it unless I laid down or moved in such a way that things slipped around. Which is almost never. \n\n4. I honestly doubt you have much migrated tissue, I believe that’s a more common issue for people on the larger end who have been stuffed in 36C s their whole lives.', '1205h4t'], ['u/jukeboxgasoline', 22, '2023-03-24 04:30', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/jdg4cgz/', 'A bit of readjustment throughout the day can be necessary if you have soft tissue, but if the only time you’re filling the cup completely is right when you scoop and swoop, the cup may be too big or too open on top/the wrong shape for you.', '1205h4t'], ['u/TepidHotdog', 23, '2023-03-24 06:49', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/jdghuk3/', 'Oh my gosh. I relate to your story so much! I spent years being sized as a 32A, and being told that I\'m definitely an "a-cup". I struggled with being uncomfortable in my bras and just gravitated towards sports bras and those little triangle wireless bras. Then I found Pepper and I thought those bras would be my saviour. They don\'t ship to my country, so I paid for my bras, plus shipping to a friend, plus shipping from my friend to me. Only for them to arrive and be an awful fit and even more uncomfortable. Pepper had sized me as 32AA. And because of how long all the shipping took, I couldn\'t return them. So. Much. Money. \n\n&#x200B;\n\nIt was only then that I started seeing negative reviews for Pepper. Then in a group chat while gaming, a woman just randomly started talking about ABraThatFits, so I looked into it. The calculator here sized me as 28D. I\'m still fairly early into my search for ABTF, but I come un-scooped in bras that are too projected. \n\n&#x200B;\n\nI wish you the best of luck on your journey to find ABTF. The community here seems really kind and helpful.', '1205h4t'], ['u/kittyxandra', 14, '2023-03-24 07:01', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/jdgitdu/', 'Oof I’m so sorry. Their ads kept popping up for me when I was searching for bras, but thankfully my ABTF calculator already gave me the size of 28E. When I saw that their sizes didn’t go past D (or maybe DD?) I knew they weren’t for me. Just because you’re small doesn’t mean you’re an A cup. I’m still looking for the perfect fit, it’s hard because bras are so expensive. But I hope you find the perfect one for you soon!', '1205h4t'], ['u/linerys', 11, '2023-03-24 10:35', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/jdgxvpp/', 'Pepper only make AA, A, and B cups.', '1205h4t'], ['u/galaxystarsmoon', 10, '2023-03-24 13:49', 'https://www.reddit.com/r/ABraThatFits/comments/1205h4t/raise_your_hand_if_youve_been_personally/jdhfwvz/', "Not really odd...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['While Bitcoin’s price hasrecoveredsince its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market.\nThe closure of Silvergate’s SEN and Signature’s Signet network in early March has exposed the crypto market to low liquidity risks.\n“Liquidity is king,” an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency.\nPoor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades.\nKaiko’s head of research Clara Medalie toldDecryptthat the current situation is “pretty dangerous” and could manifest in massive price volatility in both directions.\n"A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,” said Medalie. “The moment buy pressure subsides, anything can happen to price."\nThe liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate’s SEN network wasclosed, as identified in Kaiko’s latest researchnote.\nThe 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market.\nThe market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that “we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.”\nThe liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase’s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March.\nSlippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual.\nGrowing List of Crypto Companies Cutting Silvergate Ties\nThe most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended itszero-free program.\nAs a result, the pair’s liquidity depleted by 70% as market makers moved to greener pastures.\nThese conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment.\nThe market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year.\nThe trend accelerated swiftly after the closure of crypto banking networks.\nWhile shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders.\nMedalie explained that USD networks are essential to traders, who are required to settle their traders daily.\n"Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,” she said. “But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', 'While Bitcoin\x92s price has recovered since its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market. The closure of Silvergate\x92s SEN and Signature\x92s Signet network in early March has exposed the crypto market to low liquidity risks. \x93Liquidity is king,\x94 an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency. Poor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades. Kaiko\x92s head of research Clara Medalie told Decrypt that the current situation is \x93pretty dangerous\x94 and could manifest in massive price volatility in both directions. "A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,\x94 said Medalie. \x93The moment buy pressure subsides, anything can happen to price." Crypto\x92s liquidity crisis The liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate\x92s SEN network was closed , as identified in Kaiko\x92s latest research note . The 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market. The market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that \x93we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.\x94 BTC and ETH 1% market depth in March 2023. Source: Kaiko . The liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase\x92s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March. Story continues Slippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual. Growing List of Crypto Companies Cutting Silvergate Ties The most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended its zero-free program . As a result, the pair\x92s liquidity depleted by 70% as market makers moved to greener pastures. These conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment. The need for fiat on-ramps The market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year. The trend accelerated swiftly after the closure of crypto banking networks. Stablecoin market share (blue) in March 2023. Source: Kaiko . While shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders. Medalie explained that USD networks are essential to traders, who are required to settle their traders daily. "Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,\x94 she said. \x93But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', 'While Bitcoin’s price hasrecoveredsince its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market.\nThe closure of Silvergate’s SEN and Signature’s Signet network in early March has exposed the crypto market to low liquidity risks.\n“Liquidity is king,” an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency.\nPoor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades.\nKaiko’s head of research Clara Medalie toldDecryptthat the current situation is “pretty dangerous” and could manifest in massive price volatility in both directions.\n"A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,” said Medalie. “The moment buy pressure subsides, anything can happen to price."\nThe liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate’s SEN network wasclosed, as identified in Kaiko’s latest researchnote.\nThe 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market.\nThe market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that “we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.”\nThe liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase’s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March.\nSlippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual.\nGrowing List of Crypto Companies Cutting Silvergate Ties\nThe most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended itszero-free program.\nAs a result, the pair’s liquidity depleted by 70% as market makers moved to greener pastures.\nThese conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment.\nThe market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year.\nThe trend accelerated swiftly after the closure of crypto banking networks.\nWhile shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders.\nMedalie explained that USD networks are essential to traders, who are required to settle their traders daily.\n"Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,” she said. “But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', "Bitcoin mining exists primarily to build a global digital network for storing value without the need for a bank or other intermediary, and for peer-to-peer exchanges. It's also one of the most environmentally friendly industries in the world. The Cambridge Center for Alternative Finance estimates that global Bitcoin mining uses less than 0.2% of the world’s energy production—roughly comparable to all refrigerators in the U.S. and far less than data centers and data networks generally. In other words, it uses a very small amount of energy in the grand scheme of things—and nearly 60% of what it does use comes from renewable sources, according to data published by the Chamber of Digital Commerce. Bitcoin mining also helps create a marketplace for intermittent sources such as solar and wind during their off-peak hours. Furthermore, unlike other data centers, mining facilities can shut down at a moment’s notice during high-demand events such as extreme weather to provide grid stability and prevent the use of fossil-fuel powered peaker plants. Yet the current administration, fringe politicians, and environmental groups are singling out Bitcoin mining by attempting to limit access to energy and imposing or proposing taxes so high the industry will have ever reason to leave the U.S. entirely. And that's assuming they don't try to ban it altogether. These critics are now citing “marginal emissions” data, which is merely cherry-picking businesses they don't like for political reasons, and saying that those businesses use too much energy. To be clear, Bitcoin mining does not emit anything—it requires computers, which use electricity just like any other data center. To say these policy proposals and their tortured justifications are misguided would be the kindest possible reading. Their effects would be devastating to the environment, the economy, and U.S. national security. Relative to other leading Bitcoin mining jurisdictions, the U.S. has an extremely clean energy grid. Texas is a leader in Bitcoin mining and the home of Riot Platforms’ operations, the largest Bitcoin mine in North America. According to the American Clean Power Association , Texas led the nation in renewable energy capacity added in 2021—close to three times that of second-place California. Story continues Pushing Bitcoin mining offshore, under the guise of environmentalism, would only mean the U.S. will capture less of Bitcoin’s value, and more mining will happen connected to dirtier energy grids in more hostile parts of the world. For example, Russia is infamous for not only fossil fuel production and its use of energy for political brinksmanship, it's among world leaders in leaking methane into the atmosphere. It's already among the top five Bitcoin mining jurisdictions and seeking more market share. Weakening the American Bitcoin mining industry would be an enormous gift to Russia—and increase global carbon emissions. That leads to the national security issue. As noted in a recent Justice Department report on cryptocurrencies, America has strong anti-money laundering rules and ensures that as people move Bitcoin value from the network in and out of traditional accounts, it is traceable—nefarious actors can be caught, unlike in other parts of the world. Russia, for example, is a world leader in ransomware attacks and the abuse of cryptocurrency, as well as traditional financial intermediaries. Keeping Bitcoin mining in America means that more value will be captured by highly regulated U.S. companies and law-abiding individuals simply interested in optionality when it comes to storing and transferring value. Bitcoin mining has created thousands of jobs. Riot alone employs approximately 500 people, many in Rockdale, Texas, a community previously suffering from the closure of a large industrial aluminum-smelting plant. Riot is now helping to support a program with the Texas State Technical college to upskill the local workforce with programs in computer repair and programming. Bitcoin mining is a bourgeoning industry that's good for the environment, the economy, and national security. Attacks from nefarious political forces should be rejected to maintain America’s leadership role in the digital economy. Jason Les is the CEO of Riot Platforms, Inc., the largest publicly traded Bitcoin mining enterprise in North America by market cap. Brian Morgenstern is Riot's head of public policy and was a senior adviser and deputy assistant secretary of the Treasury from 2017 to 2020. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Expert advice to keep your money safe during bank failures UFB Direct savings account is offering an APY above 5%—and with no fees This is how much money you need to earn annually to comfortably buy a $600,000 home", "Bitcoin mining exists primarily to build a global digital network for storing value without the need for a bank or other intermediary, and for peer-to-peer exchanges. It's also one of the most environmentally friendly industries in the world. The Cambridge Center for Alternative Finance estimates that global Bitcoin mining uses less than 0.2% of the world’s energy production—roughly comparable to all refrigerators in the U.S. and far less than data centers and data networks generally. In other words, it uses a very small amount of energy in the grand scheme of things—and nearly 60% of what it does use comes from renewable sources, according to data published by the Chamber of Digital Commerce. Bitcoin mining also helps create a marketplace for intermittent sources such as solar and wind during their off-peak hours. Furthermore, unlike other data centers, mining facilities can shut down at a moment’s notice during high-demand events such as extreme weather to provide grid stability and prevent the use of fossil-fuel powered peaker plants. Yet the current administration, fringe politicians, and environmental groups are singling out Bitcoin mining by attempting to limit access to energy and imposing or proposing taxes so high the industry will have ever reason to leave the U.S. entirely. And that's assuming they don't try to ban it altogether. These critics are now citing “marginal emissions” data, which is merely cherry-picking businesses they don't like for political reasons, and saying that those businesses use too much energy. To be clear, Bitcoin mining does not emit anything—it requires computers, which use electricity just like any other data center. To say these policy proposals and their tortured justifications are misguided would be the kindest possible reading. Their effects would be devastating to the environment, the economy, and U.S. national security. Relative to other leading Bitcoin mining jurisdictions, the U.S. has an extremely clean energy grid. Texas is a leader in Bitcoin mining and the home of Riot Platforms’ operations, the largest Bitcoin mine in North America. According to the American Clean Power Association , Texas led the nation in renewable energy capacity added in 2021—close to three times that of second-place California. Story continues Pushing Bitcoin mining offshore, under the guise of environmentalism, would only mean the U.S. will capture less of Bitcoin’s value, and more mining will happen connected to dirtier energy grids in more hostile parts of the world. For example, Russia is infamous for not only fossil fuel production and its use of energy for political brinksmanship, it's among world leaders in leaking methane into the atmosphere. It's already among the top five Bitcoin mining jurisdictions and seeking more market share. Weakening the American Bitcoin mining industry would be an enormous gift to Russia—and increase global carbon emissions. That leads to the national security issue. As noted in a recent Justice Department report on cryptocurrencies, America has strong anti-money laundering rules and ensures that as people move Bitcoin value from the network in and out of traditional accounts, it is traceable—nefarious actors can be caught, unlike in other parts of the world. Russia, for example, is a world leader in ransomware attacks and the abuse of cryptocurrency, as well as traditional financial intermediaries. Keeping Bitcoin mining in America means that more value will be captured by highly regulated U.S. companies and law-abiding individuals simply interested in optionality when it comes to storing and transferring value. Bitcoin mining has created thousands of jobs. Riot alone employs approximately 500 people, many in Rockdale, Texas, a community previously suffering from the closure of a large industrial aluminum-smelting plant. Riot is now helping to support a program with the Texas State Technical college to upskill the local workforce with programs in computer repair and programming. Bitcoin mining is a bourgeoning industry that's good for the environment, the economy, and national security. Attacks from nefarious political forces should be rejected to maintain America’s leadership role in the digital economy. Jason Les is the CEO of Riot Platforms, Inc., the largest publicly traded Bitcoin mining enterprise in North America by market cap. Brian Morgenstern is Riot's head of public policy and was a senior adviser and deputy assistant secretary of the Treasury from 2017 to 2020. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Expert advice to keep your money safe during bank failures UFB Direct savings account is offering an APY above 5%—and with no fees This is how much money you need to earn annually to comfortably buy a $600,000 home", "Bitcoin mining exists primarily to build a global digital network for storing value without the need for a bank or other intermediary, and for peer-to-peer exchanges. It's also one of the most environmentally friendly industries in the world. The Cambridge Center for Alternative Finance estimates that global Bitcoin mining uses less than 0.2% of the world’s energy production—roughly comparable to all refrigerators in the U.S. and far less than data centers and data networks generally. In other words, it uses a very small amount of energy in the grand scheme of things—and nearly 60% of what it does use comes from renewable sources, according to data published by the Chamber of Digital Commerce. Bitcoin mining also helps create a marketplace for intermittent sources such as solar and wind during their off-peak hours. Furthermore, unlike other data centers, mining facilities can shut down at a moment’s notice during high-demand events such as extreme weather to provide grid stability and prevent the use of fossil-fuel powered peaker plants. Yet the current administration, fringe politicians, and environmental groups are singling out Bitcoin mining by attempting to limit access to energy and imposing or proposing taxes so high the industry will have ever reason to leave the U.S. entirely. And that's assuming they don't try to ban it altogether. These critics are now citing “marginal emissions” data, which is merely cherry-picking businesses they don't like for political reasons, and saying that those businesses use too much energy. To be clear, Bitcoin mining does not emit anything—it requires computers, which use electricity just like any other data center. To say these policy proposals and their tortured justifications are misguided would be the kindest possible reading. Their effects would be devastating to the environment, the economy, and U.S. national security. Relative to other leading Bitcoin mining jurisdictions, the U.S. has an extremely clean energy grid. Texas is a leader in Bitcoin mining and the home of Riot Platforms’ operations, the largest Bitcoin mine in North America. According to the American Clean Power Association , Texas led the nation in renewable energy capacity added in 2021—close to three times that of second-place California. Story continues Pushing Bitcoin mining offshore, under the guise of environmentalism, would only mean the U.S. will capture less of Bitcoin’s value, and more mining will happen connected to dirtier energy grids in more hostile parts of the world. For example, Russia is infamous for not only fossil fuel production and its use of energy for political brinksmanship, it's among world leaders in leaking methane into the atmosphere. It's already among the top five Bitcoin mining jurisdictions and seeking more market share. Weakening the American Bitcoin mining industry would be an enormous gift to Russia—and increase global carbon emissions. That leads to the national security issue. As noted in a recent Justice Department report on cryptocurrencies, America has strong anti-money laundering rules and ensures that as people move Bitcoin value from the network in and out of traditional accounts, it is traceable—nefarious actors can be caught, unlike in other parts of the world. Russia, for example, is a world leader in ransomware attacks and the abuse of cryptocurrency, as well as traditional financial intermediaries. Keeping Bitcoin mining in America means that more value will be captured by highly regulated U.S. companies and law-abiding individuals simply interested in optionality when it comes to storing and transferring value. Bitcoin mining has created thousands of jobs. Riot alone employs approximately 500 people, many in Rockdale, Texas, a community previously suffering from the closure of a large industrial aluminum-smelting plant. Riot is now helping to support a program with the Texas State Technical college to upskill the local workforce with programs in computer repair and programming. Bitcoin mining is a bourgeoning industry that's good for the environment, the economy, and national security. Attacks from nefarious political forces should be rejected to maintain America’s leadership role in the digital economy. Jason Les is the CEO of Riot Platforms, Inc., the largest publicly traded Bitcoin mining enterprise in North America by market cap. Brian Morgenstern is Riot's head of public policy and was a senior adviser and deputy assistant secretary of the Treasury from 2017 to 2020. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune . This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Expert advice to keep your money safe during bank failures UFB Direct savings account is offering an APY above 5%—and with no fees This is how much money you need to earn annually to comfortably buy a $600,000 home", "Join the most important conversation in crypto and web3! Secure your seat today If there was a bitcoin marketing team, the last month would be as good as it gets for them. Confidence in banks in the U.S. and Europe has been decimated and people are scrambling for an alternative to protect their dollars. Enter bitcoin (BTC), an asset that was created for entirely this purpose \x96 a truly decentralized form of money that can\x92t be controlled by any entity. Conor Ryder is a research analyst at crypto data firm Kaiko. At first glance, the recent banking crisis seems like the perfect catalyst for a BTC price rally. However, digging a bit deeper into the reasons for the move points us in the direction of liquidity, and more specifically, lack thereof. While the narrative makes sense and has resulted in a lot of people looking for bitcoin at the exact same time, illiquidity has almost certainly been a strong price propellant. I\x92ll take a moment here to congratulate the BTC maxis. They\x92ve had little to cheer about recently. But this is the moment bitcoin was created for, and it\x92s the first time since its inception that there has been a confidence crisis in the banking system. See also: Bank Consolidation Threatens Freedom, Makes Case for Bitcoin For the first time since 2008, people have begun to realize the U.S. dollars (USD) they hold is exposed to more risk than expected, leaving BTC looking quite attractive as a percentage of a wider portfolio. But while these types of narratives meant to explain or predict price movements are powerful, current market structure cannot be ignored. When liquidity is low in any financial market, volatility is high in both directions. Prices have less support on both the downside and the upside. In this instance, the narrative of bitcoin as a hedge against financial calamity gave BTC the push it needed. But there was little upside resistance to hurdle over: BTC market depth, the number of orders waiting to be filled on an order book, reached 10-month lows this week \x96 that\x92s lower than levels seen since the collapse of the FTX exchange and sister firm Alameda Research. Story continues The introduction of fees on bitcoin's largest trading pair, BTC\x96USDT on Binance, has reduced trading and liquidity. (Kaiko) The post-FTX dip is something we call the \x93Alameda Gap,\x94 explaining how crypto market liquidity evaporated in the absence of one of the biggest digital asset market makers. That liquidity gap has not recovered, and continues to set new lows in the aftermath of the Silvergate and Signature banking crisis that cut off market makers from crucial USD payment rails. When market makers face this sort of unprecedented operational challenge, their reaction is to pull liquidity from order books until they receive some clarity. Another word of warning is the reintroduction of fees on Binance\x92s BTC-USDT and BTC-BUSD trading pairs. We\x92ve noticed a sharp drop in liquidity on those pairs in the last few days as fees have been reintroduced. A fee means that market makers on those pairs can no longer justify their wide spreads (the difference in price between the bid and ask ), meaning they have to offer tighter spreads which impacts their profitability. As a result, liquidity on the BTC-USDT pair on Binance, the most liquid pair in crypto, dropped 70% overnight. The only zero-fee pair is now BTC-TUSD. If liquidity does not flow into that pair, order books could be depleted even further over the coming weeks. It takes less and less \x93size\x94 to move the price of BTC when liquidity dries up.(Kaiko) What this all means is that it now takes less and less \x93size\x94 to move the price of BTC, potentially causing volatility as more traders are able to influence prices. Thankfully for investors, the banking confidence crisis led to a surge of buy pressure, boosting the price upwards so far. See also: U.S. Banking Cutoff Presents Opportunities for Crypto in Europe | Conor Ryder However, the lack of support to the upside also applies to the downside, meaning we need to be just as cautious of an outsized move downwards in the coming weeks. All this to say it\x92s too early for a bitcoin maxi victory lap. While the rotation of capital into BTC certainly makes sense given all we\x92ve seen in traditional markets in the last two weeks, illiquidity arguably played the largest role in crypto\x92s surge.", 'Join the most important conversation in crypto and web3! Secure your seat today\nIf there was a bitcoin marketing team, the last month would be as good as it gets for them.\nConfidence in banks in the U.S. and Europe has been decimated and people are scrambling for an alternative to protect their dollars. Enter bitcoin (BTC), an asset that was created for entirely this purpose – a truly decentralized form of money that can’t be controlled by any entity.\nConor Ryder is a research analyst at crypto data firmKaiko.\nAt first glance, the recent banking crisis seems like the perfect catalyst for a BTC price rally. However, digging a bit deeper into the reasons for the move points us in the direction of liquidity, and more specifically, lack thereof.\nWhile the narrative makes sense and has resulted in a lot of people looking for bitcoin at the exact same time, illiquidity has almost certainly been a strong price propellant.\nI’ll take a moment here to congratulate the BTC maxis. They’ve had little to cheer about recently. But this is the moment bitcoin was created for, and it’s the first time since its inception that there has been a confidence crisis in the banking system.\nSee also:Bank Consolidation Threatens Freedom, Makes Case for Bitcoin\nFor the first time since 2008, people have begun to realize the U.S. dollars (USD) they hold is exposed to more risk than expected, leaving BTC looking quite attractive as a percentage of a wider portfolio.\nBut while these types of narratives meant to explain or predict price movements are powerful, current market structure cannot be ignored.\nWhen liquidity is low in any financial market, volatility is high in both directions. Prices have less support on both the downside and the upside. In this instance, the narrative of bitcoin as a hedge against financial calamity gave BTC the push it needed. But there was little upside resistance to hurdle over: BTC market depth, the number of orders waiting to be filled on an order book, reached 10-month lows this week – that’s lower than levels seen since the collapse of the FTX exchange and sister firm Alameda Research.\nThe post-FTX dip is something we call the “Alameda Gap,” explaining how crypto market liquidity evaporated in the absence of one of the biggest digital asset market makers. That liquidity gap has not recovered, and continues to set new lows in the aftermath of the Silvergate and Signature banking crisis that cut off market makers from crucial USD payment rails. When market makers face this sort of unprecedented operational challenge, their reaction is to pull liquidity from order books until they receive some clarity.\nAnother word of warning is the reintroduction of fees on Binance’s BTC-USDT and BTC-BUSD trading pairs. We’ve noticed a sharp drop in liquidity on those pairs in the last few days as fees have been reintroduced. A fee means that market makers on those pairs can no longer justify their wide spreads (the difference in price between thebid and ask), meaning they have to offer tighter spreads which impacts their profitability.\nAs a result, liquidity on the BTC-USDT pair on Binance, the most liquid pair in crypto, dropped 70% overnight. The only zero-fee pair is now BTC-TUSD. If liquidity does not flow into that pair, order books could be depleted even further over the coming weeks.\nWhat this all means is that it now takes less and less “size” to move the price of BTC, potentially causing volatility as more traders are able to influence prices. Thankfully for investors, the banking confidence crisis led to a surge of buy pressure, boosting the price upwards so far.\nSee also:U.S. Banking Cutoff Presents Opportunities for Crypto in Europe| Conor Ryder\nHowever, the lack of support to the upside also applies to the downside, meaning we need to be just as cautious of an outsized move downwards in the coming weeks. All this to say it’s too early for a bitcoin maxi victory lap.\nWhile the rotation of capital into BTC certainly makes sense given all we’ve seen in traditional markets in the last two weeks, illiquidity arguably played the largest role in crypto’s surge.', 'Join the most important conversation in crypto and web3! Secure your seat today\nIf there was a bitcoin marketing team, the last month would be as good as it gets for them.\nConfidence in banks in the U.S. and Europe has been decimated and people are scrambling for an alternative to protect their dollars. Enter bitcoin (BTC), an asset that was created for entirely this purpose – a truly decentralized form of money that can’t be controlled by any entity.\nConor Ryder is a research analyst at crypto data firmKaiko.\nAt first glance, the recent banking crisis seems like the perfect catalyst for a BTC price rally. However, digging a bit deeper into the reasons for the move points us in the direction of liquidity, and more specifically, lack thereof.\nWhile the narrative makes sense and has resulted in a lot of people looking for bitcoin at the exact same time, illiquidity has almost certainly been a strong price propellant.\nI’ll take a moment here to congratulate the BTC maxis. They’ve had little to cheer about recently. But this is the moment bitcoin was created for, and it’s the first time since its inception that there has been a confidence crisis in the banking system.\nSee also:Bank Consolidation Threatens Freedom, Makes Case for Bitcoin\nFor the first time since 2008, people have begun to realize the U.S. dollars (USD) they hold is exposed to more risk than expected, leaving BTC looking quite attractive as a percentage of a wider portfolio.\nBut while these types of narratives meant to explain or predict price movements are powerful, current market structure cannot be ignored.\nWhen liquidity is low in any financial market, volatility is high in both directions. Prices have less support on both the downside and the upside. In this instance, the narrative of bitcoin as a hedge against financial calamity gave BTC the push it needed. But there was little upside resistance to hurdle over: BTC market depth, the number of orders waiting to be filled on an order book, reached 10-month lows this week – that’s lower than levels seen since the collapse of the FTX exchange and sister firm Alameda Research.\nThe post-FTX dip is something we call the “Alameda Gap,” explaining how crypto market liquidity evaporated in the absence of one of the biggest digital asset market makers. That liquidity gap has not recovered, and continues to set new lows in the aftermath of the Silvergate and Signature banking crisis that cut off market makers from crucial USD payment rails. When market makers face this sort of unprecedented operational challenge, their reaction is to pull liquidity from order books until they receive some clarity.\nAnother word of warning is the reintroduction of fees on Binance’s BTC-USDT and BTC-BUSD trading pairs. We’ve noticed a sharp drop in liquidity on those pairs in the last few days as fees have been reintroduced. A fee means that market makers on those pairs can no longer justify their wide spreads (the difference in price between thebid and ask), meaning they have to offer tighter spreads which impacts their profitability.\nAs a result, liquidity on the BTC-USDT pair on Binance, the most liquid pair in crypto, dropped 70% overnight. The only zero-fee pair is now BTC-TUSD. If liquidity does not flow into that pair, order books could be depleted even further over the coming weeks.\nWhat this all means is that it now takes less and less “size” to move the price of BTC, potentially causing volatility as more traders are able to influence prices. Thankfully for investors, the banking confidence crisis led to a surge of buy pressure, boosting the price upwards so far.\nSee also:U.S. Banking Cutoff Presents Opportunities for Crypto in Europe| Conor Ryder\nHowever, the lack of support to the upside also applies to the downside, meaning we need to be just as cautious of an outsized move downwards in the coming weeks. All this to say it’s too early for a bitcoin maxi victory lap.\nWhile the rotation of capital into BTC certainly makes sense given all we’ve seen in traditional markets in the last two weeks, illiquidity arguably played the largest role in crypto’s surge.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. Last week’s crypto mega rally slowed this week. Still, many leading coins still posted double-digit gains over the last seven days. The upward price action was escalated by the crisis hitting Credit Suisse , which last Wednesday needed a $54 billion loan from Swiss National Bank to shore up liquidity. By Sunday, there was an announcement that domestic rival UBS agreed to buy the ailing bank in an emergency deal worth over $3 billion . \u200b\u200b The banking news continued to drive investors towards risk-on banking alternatives, like crypto. Bitcoin (BTC) soared amid the banking chaos, jumping from just over $20,000 on March 10 to trade at $27,537 at the time of writing. Ethereum’s growth was a similar story over the same period, rising from roughly $1,400 to today\'s price of $1,740, per CoinGecko . Several prominent figures in the industry pointed to Credit Suisse’s collapse, alongside the collapses of crypto-friendly banks like Silvergate, Signature, and Silicon Valley Bank—all of which happened this month—to publicly shill Bitcoin and rehash its potential role as a “ safe haven ” asset. Another development on Bitcoin this week was the news that Solana ’s largest NFT marketplace, Magic Eden, added support for Ordinals , a protocol that enables crypto-savvy NFT fans to mint non-fungible assets on Bitcoin without the need for high-functionality smart contracts like those on Ethereum or Solana. On Friday, the number of Bitcoin Ordinals surpassed 550,000 thanks to the proliferation of Bored Ape Yacht Club (BAYC) copies on the network. Other notable positive price movements this week included XRP , which rallied 21% to $0.46 and Litecoin (LTC) jumped 6.4% to $91. Only three top thirty cryptocurrencies posted significant losses this week: The OKB token dropped 16.1%, Cosmos Hub (ATOM) fell 16% to $11.18, and Toncoin (TON) sank 14% to $2.11. Desantis leads CBDC attack In the U.S. this week, several prominent Republicans rebelled against the idea of a Central Bank Digital Currency (CBDC), essentially a dollar-pegged cryptocurrency that would be issued by the Federal Reserve. Story continues Florida governor Ron DeSantis went first. On Monday, he proposed an outright ban on CBDCs in his state. He announced the measure from a podium where the words “Big Brother’s Digital Dollar” could be read in the background. He justified the measure by saying: “What [a] central bank digital currency is all about is surveilling Americans and controlling Americans. You\'re opening up a major can of worms, and you\'re handing a central bank huge, huge amounts of power, and they will use that power.” Warren Davidson, a Republican representative for Ohio’s 8th Congressional District, on Tuesday, tweeted that CBDCs were an “Orwellian payments system” and shared a letter he wrote to his colleagues urging them to reject a CBDC. Only Congress could lawfully establish a Central Bank Digital Currency in the United States, but that hasn’t stopped CBDC advocates from working to normalize this Orwellian payment system. Today, I sent a letter to my colleagues encouraging them to help prevent state efforts to… pic.twitter.com/hCL4qEMimo — Warren Davidson 🇺🇸 (@WarrenDavidson) March 21, 2023 By Wednesday, Ted Cruz, the junior Senator from Texas, aped DeSantis and proposed his own legislative pushback against the idea of a Fed cryptocurrency. That same day, the White House released this year’s Economic Report of the President . In several places, the report conveyed Washington’s skeptical stance on crypto, calling it “highly volatile and subject to fraud,” and saying it “frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries." Finally, the United States Securities and Exchange Commission’s (SEC) thinly veiled crypto crackdown continued apace on Wednesday when the agency hit Coinbase with a Wells Notice , alleging that the exchange\'s staking products constitute unregistered securities.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. Last week’s crypto mega rally slowed this week. Still, many leading coins still posted double-digit gains over the last seven days. The upward price action was escalated by the crisis hitting Credit Suisse , which last Wednesday needed a $54 billion loan from Swiss National Bank to shore up liquidity. By Sunday, there was an announcement that domestic rival UBS agreed to buy the ailing bank in an emergency deal worth over $3 billion . \u200b\u200b The banking news continued to drive investors towards risk-on banking alternatives, like crypto. Bitcoin (BTC) soared amid the banking chaos, jumping from just over $20,000 on March 10 to trade at $27,537 at the time of writing. Ethereum’s growth was a similar story over the same period, rising from roughly $1,400 to today\'s price of $1,740, per CoinGecko . Several prominent figures in the industry pointed to Credit Suisse’s collapse, alongside the collapses of crypto-friendly banks like Silvergate, Signature, and Silicon Valley Bank—all of which happened this month—to publicly shill Bitcoin and rehash its potential role as a “ safe haven ” asset. Another development on Bitcoin this week was the news that Solana ’s largest NFT marketplace, Magic Eden, added support for Ordinals , a protocol that enables crypto-savvy NFT fans to mint non-fungible assets on Bitcoin without the need for high-functionality smart contracts like those on Ethereum or Solana. On Friday, the number of Bitcoin Ordinals surpassed 550,000 thanks to the proliferation of Bored Ape Yacht Club (BAYC) copies on the network. Other notable positive price movements this week included XRP , which rallied 21% to $0.46 and Litecoin (LTC) jumped 6.4% to $91. Only three top thirty cryptocurrencies posted significant losses this week: The OKB token dropped 16.1%, Cosmos Hub (ATOM) fell 16% to $11.18, and Toncoin (TON) sank 14% to $2.11. Desantis leads CBDC attack In the U.S. this week, several prominent Republicans rebelled against the idea of a Central Bank Digital Currency (CBDC), essentially a dollar-pegged cryptocurrency that would be issued by the Federal Reserve. Story continues Florida governor Ron DeSantis went first. On Monday, he proposed an outright ban on CBDCs in his state. He announced the measure from a podium where the words “Big Brother’s Digital Dollar” could be read in the background. He justified the measure by saying: “What [a] central bank digital currency is all about is surveilling Americans and controlling Americans. You\'re opening up a major can of worms, and you\'re handing a central bank huge, huge amounts of power, and they will use that power.” Warren Davidson, a Republican representative for Ohio’s 8th Congressional District, on Tuesday, tweeted that CBDCs were an “Orwellian payments system” and shared a letter he wrote to his colleagues urging them to reject a CBDC. Only Congress could lawfully establish a Central Bank Digital Currency in the United States, but that hasn’t stopped CBDC advocates from working to normalize this Orwellian payment system. Today, I sent a letter to my colleagues encouraging them to help prevent state efforts to… pic.twitter.com/hCL4qEMimo — Warren Davidson 🇺🇸 (@WarrenDavidson) March 21, 2023 By Wednesday, Ted Cruz, the junior Senator from Texas, aped DeSantis and proposed his own legislative pushback against the idea of a Fed cryptocurrency. That same day, the White House released this year’s Economic Report of the President . In several places, the report conveyed Washington’s skeptical stance on crypto, calling it “highly volatile and subject to fraud,” and saying it “frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries." Finally, the United States Securities and Exchange Commission’s (SEC) thinly veiled crypto crackdown continued apace on Wednesday when the agency hit Coinbase with a Wells Notice , alleging that the exchange\'s staking products constitute unregistered securities.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. Last week’s crypto mega rally slowed this week. Still, many leading coins still posted double-digit gains over the last seven days. The upward price action was escalated by the crisis hitting Credit Suisse , which last Wednesday needed a $54 billion loan from Swiss National Bank to shore up liquidity. By Sunday, there was an announcement that domestic rival UBS agreed to buy the ailing bank in an emergency deal worth over $3 billion . \u200b\u200b The banking news continued to drive investors towards risk-on banking alternatives, like crypto. Bitcoin (BTC) soared amid the banking chaos, jumping from just over $20,000 on March 10 to trade at $27,537 at the time of writing. Ethereum’s growth was a similar story over the same period, rising from roughly $1,400 to today\'s price of $1,740, per CoinGecko . Several prominent figures in the industry pointed to Credit Suisse’s collapse, alongside the collapses of crypto-friendly banks like Silvergate, Signature, and Silicon Valley Bank—all of which happened this month—to publicly shill Bitcoin and rehash its potential role as a “ safe haven ” asset. Another development on Bitcoin this week was the news that Solana ’s largest NFT marketplace, Magic Eden, added support for Ordinals , a protocol that enables crypto-savvy NFT fans to mint non-fungible assets on Bitcoin without the need for high-functionality smart contracts like those on Ethereum or Solana. On Friday, the number of Bitcoin Ordinals surpassed 550,000 thanks to the proliferation of Bored Ape Yacht Club (BAYC) copies on the network. Other notable positive price movements this week included XRP , which rallied 21% to $0.46 and Litecoin (LTC) jumped 6.4% to $91. Only three top thirty cryptocurrencies posted significant losses this week: The OKB token dropped 16.1%, Cosmos Hub (ATOM) fell 16% to $11.18, and Toncoin (TON) sank 14% to $2.11. Desantis leads CBDC attack In the U.S. this week, several prominent Republicans rebelled against the idea of a Central Bank Digital Currency (CBDC), essentially a dollar-pegged cryptocurrency that would be issued by the Federal Reserve. Story continues Florida governor Ron DeSantis went first. On Monday, he proposed an outright ban on CBDCs in his state. He announced the measure from a podium where the words “Big Brother’s Digital Dollar” could be read in the background. He justified the measure by saying: “What [a] central bank digital currency is all about is surveilling Americans and controlling Americans. You\'re opening up a major can of worms, and you\'re handing a central bank huge, huge amounts of power, and they will use that power.” Warren Davidson, a Republican representative for Ohio’s 8th Congressional District, on Tuesday, tweeted that CBDCs were an “Orwellian payments system” and shared a letter he wrote to his colleagues urging them to reject a CBDC. Only Congress could lawfully establish a Central Bank Digital Currency in the United States, but that hasn’t stopped CBDC advocates from working to normalize this Orwellian payment system. Today, I sent a letter to my colleagues encouraging them to help prevent state efforts to… pic.twitter.com/hCL4qEMimo — Warren Davidson 🇺🇸 (@WarrenDavidson) March 21, 2023 By Wednesday, Ted Cruz, the junior Senator from Texas, aped DeSantis an
**Last 60 Days of Bitcoin's Closing Prices:**
[22636.47, 23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-25
**Financial & Commodity Data:**
- Gold Closing Price: $1982.10
- Crude Oil Closing Price: $69.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $529,907,550,900
- Hash Rate: 337646718.49692744
- Transaction Count: 290197.0
- Unique Addresses: 659846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Warren Buffett says he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 highly coveted and productive assets instead Despite its recent turbulence, bitcoin has soared by more than 95% over the past five years. But while the world’s largest crypto coin has clearly hit the mainstream, one prominent investor remains critical of the opportunity: Warren Buffett. Don't miss Goldman Sachs says bitcoin is not investable — put your money in this asset for more stable returns Centibillionaire Jeff Bezos says not to waste your money on a new car or household purchase: invest in these 3 better recession-proof buys instead Collect fat passive income every quarter as the landlord of Walmart, Whole Foods and CVS — you’ll barely need to work for it At the Berkshire Hathaway annual shareholders meeting last year, Buffett said that while he doesn’t know whether bitcoin will go up or down going forward, he’s pretty sure that “it doesn't produce anything.” And that’s why the Oracle of Omaha doesn’t own the asset. “If you told me you own all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it?” he asks. “I’d have to sell it back to you one way or another. It isn’t going to do anything.” To put that in perspective, bitcoin was trading at around $38,000 a piece when Buffett made those comments. Now, the cryptocurrency has fallen to $21,700. While criticizing bitcoin, Buffett touched on two assets that he would buy if given the opportunity. Farmland Agriculture and bitcoin don’t have much in common. Bitcoin was created in 2009 while agricultural communities began to form about 10,000 years ago. Buffett isn’t known for being an agricultural investor, but he sees value in an asset class that’s critical to the sector — farmland. His point is if you buy farmland, you hold a tangible asset that produces food. “If you said, for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett says. Of course, you don’t need to have $25 billion to invest in U.S. farmland. Publicly traded real estate investment trusts — that specialize in owning farms — allow you to do it with as little money as you’re willing to spend. Story continues Gladstone Land (LAND), for instance, owns 169 farms totaling 115,000 acres. It pays monthly distributions of $0.0458 per share, giving the stock an annual dividend yield of 2.8%. Read more: Grow your hard-earned cash without the shaky stock market with these 3 easy alternatives Then there’s Farmland Partners (FPI), a REIT with a farmland portfolio of 190,000 acres and an annual dividend yield of 1.9%. Plus, online crowdfunding platforms allow you to buy pieces of real estate , including farmland. With inflation running hot, the prices of agricultural commodities including corn and soybeans are soaring to new highs . Apartments Apartment buildings are another asset that Buffett wouldn’t mind owning at the right price. “[If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check. It’s very simple,” the legendary investor says. Whether the economy is booming or in a recession, people need a place to live. And with real estate prices rising to unaffordable levels in many parts of the country, renting has become the only option for many people. You can always buy an apartment building yourself, find tenants and collect the monthly rent checks. Of course, apartment-focused REITs can do that for you. For instance, Camden Property Trust (CPT) owns, manages, develops and acquires multifamily apartment communities. It has investments in 171 properties containing 58,433 apartment units across the U.S. and offers an annual dividend yield of 3.1%. Essex Property Trust (ESS) invests in apartments primarily on the West Coast. The REIT currently yields 4.1%, backed by its ownership interest in 253 apartment communities — in California and Seattle — totaling approximately 62,000 units. The bottom line Buffett prefers farmland and apartment buildings to bitcoin for a very simple reason: They produce something. “The apartments are going to produce rent, and the farms are going to produce food.” Bitcoin boasts exciting long-term upside potential. But for risk-averse investors who’d like to sidestep as much volatility as possible , sticking to productive assets is a prudent idea. A better way to buy property? Of course, REITs aren't the only way to easily invest in real estate. Amid hot inflation and the uncertain economy, moguls are still finding ways to effectively invest their millions outside of the stock market. Prime commercial real estate has outperformed the S&P 500 over a 25-year period. With the help of new platforms , these kinds of opportunities are now available to retail investors. Not just the ultra rich. With a single investment, investors can own institutional-quality properties leased by brands like CVS, Kroger and Walmart — and collect stable grocery store-anchored income on a quarterly basis. This article provides information only and should not be construed as advice. It is provided without warranty of any kind....
- Reddit Posts (Sample): [['u/No_Concentrate2892', 'Which kind of situation will force you to sell?', 14, '2023-03-25 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/', 'People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/', '1215ihi', [['u/IAmNocturneAMA', 13, '2023-03-25 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/jdkfxkk/', 'Banks collapsing got me scared, but seeing how things turned out post-2008 makes me want to triple-down, do some OT and buy buy buy.', '1215ihi'], ['u/Usual-Locksmith4657', 16, '2023-03-25 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/jdkg6qu/', 'Having made enough money to pay for the rest of my life and live comfortably without having to work again', '1215ihi']]], ['u/Laure95', 'The URGENT need for easy P2P Bitcoin transactions in ARGENTINA', 34, '2023-03-25 02:17', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/', "Hi everyone!\n\nI'll start of by saying that i'm not a Bitcoin expert in any way, shape or form. I'm just a worried citizen looking for help.\n\nI live in ARGENTINA, a beautiful country with an inflation rate of about 100% per year. Our government insists that we use their currency, but it's becoming increasingly difficult to rely on it as a means of exchange. As a result, more and more people are turning to save their money in other coins as a way to protect their savings from inflation. We're on or way of becoming another Venezuela.\n\nThe problem is that it's not easy to buy Bitcoin in Argentina. There are few exchanges that allow us to purchase Bitcoin with our local currency, but very fewer that let us do it in a peer-to-peer manner. This makes it incredibly hard for us to access a valuable financial asset that could help us in being capable of saving money.\n\nI need to emphasize that the situation in Argentina is very different from that in first-world countries. Here, the government pays close attention to every financial transaction that its citizens make, and we have a set amount of money that we can spend outside our country. As a result, using centralized exchanges to buy Bitcoin is not an option for many of us. We need a P2P solution that allows us to buy Bitcoin in a way that is safe, easy, and private, but most importantly: LOCAL.\n\nThe lack of easy and accessible P2P Bitcoin transactions is a significant barrier to achieving mass adoption in Argentina. Many people in our country are not tech-savvy, and even more are fearful of government control and taxes. Centralized exchanges can leave a trail of financial transactions that could be subject to government scrutiny and taxation. P2P transactions offer a way to buy and sell Bitcoin anonymously, which could help protect citizens from government surveillance and taxation. By creating a user-friendly platform for P2P Bitcoin transactions, we could help make cryptocurrencies accessible to everyone in Argentina, regardless of their level of technical expertise, and provide a way to protect their wealth from inflation. Or maybe it already exists and it's not well known. I've been searching and i didn't find any.\n\nI believe that P2P Bitcoin transactions are crucial for the financial well-being of the people of Argentina. It's time for us to come together and create a platform that allows us to buy and sell Bitcoin in a way that works for us. We need a system that is relatively easy to use, secure, and anonymous. Only then can we truly protect our wealth and build a better future for ourselves and our families.\n\nThank you for taking the time to read this. I hope that we can work together to make P2P Bitcoin transactions a reality in Argentina.", 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/', '1215tzk', [['u/Laure95', 13, '2023-03-25 03:02', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdkmvsd/', "Man, i really doubted about making this post because i was sure i was only gonna get this kind of answers that skip the whole point and go straight to the FAQ answers...\n\nI know aprox how bitcoin works, i have a wallet, i have a cold wallet, i own btc. \n\nWhat i'm saying is that it really is NOT EASY to access P2P transactions.\n\nAnyways, thanks for trying to help.", '1215tzk'], ['u/zfride', 11, '2023-03-25 03:17', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdkoons/', 'Is RoboSats or Bisq available in Argentina?', '1215tzk'], ['u/fernandu00', 10, '2023-03-25 10:28', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdlpjja/', "I understand your pain.. I. Live in Brazil and I think we are going to the same path regarding inflation with the new president..\nHave you tried hodl hodl? I used last month and it was great! I checked the site before writing this and there was 1 offer with ARS but the minimum amount is 10000 ARS.. It's a p2p no kyc way to buy your btc.. I think you should give it a try.. Saludos desde Brasil", '1215tzk']]], ['u/escodelrio', 'Bitcoin Just Dropped a New Album', 98, '2023-03-25 04:59', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/', '&#x200B;\n\nhttps://preview.redd.it/vlxmwxeq6tpa1.jpg?width=1280&format=pjpg&auto=webp&v=enabled&s=0573b4104c81801251f56204e74102bafdf7a99c', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/', '1219uvp', [['u/benditbackwards', 12, '2023-03-25 05:54', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/jdl5nyl/', 'that is fricking awesome! Will they be going on tour!?? \nHow about Bitcoin 2023 in Miami?? \nAny chance they will be making an appearance??', '1219uvp']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, March 25, 2023', 32, '2023-03-25 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/', '1219w75', [['u/Essexal', 12, '2023-03-25 05:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdl3t9y/', 'Sometimes, the universe talks to you.\n\nhttps://www.reddit.com/r/ATBGE/comments/120nkpl/literal_garbage_fiat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf', '1219w75'], ['u/cousin_brian', 12, '2023-03-25 06:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdlb0pb/', 'Fiat is only good for strip clubs', '1219w75'], ['u/Ok_File_9520', 15, '2023-03-25 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmii79/', 'No post in 10 hours?', '1219w75'], ['u/sevcapital', 13, '2023-03-25 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmo8nj/', 'buy now and sell when no post in ten minutes seems long', '1219w75'], ['u/gozunker', 19, '2023-03-25 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmroi3/', 'Enjoy the weekend. Only in the market are weekends fake. Go enjoy the real weekend, I’ll catch y’all here again on Monday as a new thrilling week in the world of Bitcoin begins.\n\nJust kidding, I’ll probably be back checking for new posts in like an hour. But enjoy the weekend nonetheless.', '1219w75'], ['u/Essexal', 10, '2023-03-25 18:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdn3u09/', 'Seeing as it’s silent in here.\n\n~45 hours until US opens, price currently 27.6k.\n\nWho thinks we are above this price at open, and who thinks we are below\n\nThank you please.', '1219w75'], ['u/Autvin', 10, '2023-03-25 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdnbh0r/', 'Here I’m sitting and trying to figure out for a moment what tennis has to do with bitcoin.', '1219w75']]], ['u/rBitcoinMod', 'Daily Discussion, March 25, 2023', 41, '2023-03-25 07:07', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/120azx5/daily_discussion_march_24_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/', '121cqnn', [['u/Dizzy_Space_Invader', 23, '2023-03-25 07:11', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdlc10z/', 'Hello fellow green skull planet destroyers.', '121cqnn'], ['u/cubeeless', 20, '2023-03-25 07:47', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdlenkn/', 'BTC to $300k!', '121cqnn'], ['u/OkeyDokeyWokey', 16, '2023-03-25 08:41', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdlig2z/', 'I am known as the “Boiler of Oceans” and “The emitter of suffocating gases”. Every environmental disaster is at my sole hands as a miner.', '121cqnn'], ['u/Leggy77', 10, '2023-03-25 09:30', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdllo78/', 'Why so bearish?', '121cqnn'], ['u/vnielz', 16, '2023-03-25 11:59', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdlvzcf/', 'Heavy resistance at 288k. But we’ll get there!', '121cqnn'], ['u/cubeeless', 12, '2023-03-25 14:07', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdm7wer/', 'Bitcoin energy anti-FUD list:\n\nhttps://www.cnbc.com/video/2021/05/13/elon-musk-bitcoin-reversal-climate-change.html\n\nhttps://www.youtube.com/watch?v=TeVvtSCfcQ4\n\nhttps://www.youtube.com/watch?v=eTqKLJ_o9yQ\n\nhttps://www.youtube.com/watch?v=Z3wFYxNItKQ\n\nhttps://finance.yahoo.com/news/study-over-74-bitcoin-mining-180300738.html\n\nhttps://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption\n\nhttps://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume\n\nhttps://uk.sports.yahoo.com/news/bitcoin-mining-actually-uses-less-210837605.html\n\nhttps://medium.datadriveninvestor.com/lightning-is-3-7-million-times-more-efficient-than-visa-87065d13eea9\n\nhttps://cryptopotato.com/banks-pollute-way-more-than-bitcoin-study-finds/\n\nhttps://www.dailystockmarketnews.in/2021/05/study-shows-banks-cause-more-pollution.html?m=1\n\nhttps://old.reddit.com/r/Bitcoin/comments/nl0gky/bitcoin_miners_are_escaping_china_and_it_might_be/\n\nhttps://endthefud.org/\n\nhttps://www.youtube.com/watch?v=cvfb-rBBsSg\n\nhttps://fee.org/articles/bitcoin-uses-half-the-energy-of-the-banking-system-new-paper/\n\nhttps://www.youtube.com/watch?v=6NbBknQJgNI\n\nhttps://bitcoinmagazine.com/culture/bitcoin-vs-world-military-emissions\n\nhttps://www.inbitcoinwetrust.net/bitcoin-and-the-renewable-energy-debate-in-mining-the-great-hypocrisy-5b07cf6f7ba3', '121cqnn'], ['u/cliff_smiff', 13, '2023-03-25 14:08', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/jdm812y/', 'I love checking in here on a Saturday morning and seeing it dead, hoping everyone had fun last night and are sleeping in, or are out for a long run right now, or otherwise living and enjoying life.\n\n☕', '121cqnn']]], ['u/sha-256btc', 'start investing', 10, '2023-03-25 07:32', 'https://www.reddit.com/r/Bitcoin/comments/121d8m0/start_investing/', "good morning, I'm an 18 year old boy with a job, I'm learning a lot about blockchain and crypto and I would like to start investing after being prepared in this area. what do you recommend me to do, a savings plan (perhaps not only btc but also etf) or start studying trading and everything that surrounds technical and fundamental analysis and after that start trading, or something else?", 'https://www.reddit.com/r/Bitcoin/comments/121d8m0/start_investing/', '121d8m0', [['u/Aussiehash', 12, '2023-03-25 09:03', 'https://www.reddit.com/r/Bitcoin/comments/121d8m0/start_investing/jdljwf4/', 'Stay humble, stack Sats', '121d8m0']]], ['u/CaptainPugwash75', 'What UK banks are Bitcoin exchange friendly?', 14, '2023-03-25 08:19', 'https://www.reddit.com/r/Bitcoin/comments/121e6dl/what_uk_banks_are_bitcoin_exchange_friendly/', 'My bank (Santander) recently halted all payments to my exchanges of choice. Need an alternative.', 'https://www.reddit.com/r/Bitcoin/comments/121e6dl/what_uk_banks_are_bitcoin_exchange_friendly/', '121e6dl', [['u/dlq84', 11, '2023-03-25 09:28', 'https://www.reddit.com/r/Bitcoin/comments/121e6dl/what_uk_banks_are_bitcoin_exchange_friendly/jdllk7s/', 'Transfer via Revolut.', '121e6dl'], ['u/SamuraiCatMeow', 10, '2023-03-25 14:29', 'https://www.reddit.com/r/Bitcoin/comments/121e6dl/what_uk_banks_are_bitcoin_exchange_friendly/jdmaci2/', 'I wonder if this is even legal? Did anyone try to sue the banks or search for legal advice? I dont think they should have this power - “trying to make people’s money safe” is not enough imo.', '121e6dl']]], ['u/noob_zarathustra', 'Bitcoin could retest all-time high levels around $60k+ roughly in the span of the upcoming year amid the Banking crisis, says Tether CTO Paul Ardoino', 80, '2023-03-25 09:17', 'https://www.reddit.com/r/CryptoCurrency/comments/121f9wv/bitcoin_could_retest_alltime_high_levels_around/', 'Here are a few of his thoughts from [this](https://youtu.be/zWnzpyhw0hk) interview he gave to CNBC:\n\n*I’m bullish given all what I said in terms of geopolitical uncertainty…*\n\n*I’m bullish on Bitcoin. I think that it can easily retest the all-time high levels around $60,000+.*\n\n*Bitcoin is in this moment, I think, decoupling from the traditional financial markets. I think that given the geopolitical situation we are in, the banking industry situation we are in, I think people are getting scared.*\n\n*So when there are bank runs around the world, I think, Bitcoin is the only asset that you can really hold for yourself, you can hold in your hardware wallet.*\n\n*And it’s a hedge against everything that could happen, or already happened in the past months and could happen in the future.*\n\n*I know that there is a bet on Bitcoin that it could reach $1 million in 90 days. I’m kind of skeptical about that because honestly, I wouldn’t even hope for that.*\n\n*Because if Bitcoin would reach such a high price level, it would mean that the entire economy will crumble. And I’m not sure it is the word that we want to live in.*', 'https://www.reddit.com/r/CryptoCurrency/comments/121f9wv/bitcoin_could_retest_alltime_high_levels_around/', '121f9wv', [['u/marekt14', 45, '2023-03-25 09:19', 'https://www.reddit.com/r/CryptoCurrency/comments/121f9wv/bitcoin_could_retest_alltime_high_levels_around/jdlkyun/', 'Coulda woulda shoulda.\n\nI can predict with 5% certainty that bitcoin price will be between $10k and $100k within 2 - 12 months!', '121f9wv'], ['u/Intelligent_Page2732', 23, '2023-03-25 09:23', 'https://www.reddit.com/r/CryptoCurrency/comments/121f9wv/bitcoin_could_retest_alltime_high_levels_around/jdll74g/', "It could retest it, in theory, if Tether prints a bunch of Billions out of thin air and pumps it all into Bitcoin. \n\nOther than that, I don't trust Tether with anything.", '121f9wv'], ['u/ChemicalGreek', 10, '2023-03-25 09:25', 'https://www.reddit.com/r/CryptoCurrency/comments/121f9wv/bitcoin_could_retest_alltime_high_levels_around/jdlldpa/', 'So we have to trust the CTO of Tether now? Their finances are also trust me bro 😂', '121f9wv'], ['u/Nagemasu', 10, '2023-03-25 13:10', 'https://www.reddit.com/r/CryptoCurrency/comments/121f9wv/bitcoin_could_retest_alltime_high_levels_around/jdm20na/', "How to scam a billion dollars: \n \nMake claims BTC will rally to previously seen ATH's \nPrint a bunch of fake stable coins \nBuy millions in BTC to sustain apparent rally until the public pile in and cause a bullrun \nSell BTC back at ATH \nBurn the fake stable coin \nLaugh.", '121f9wv']]], ['u/fussednot', 'Cool Tech vs. Utility: Does someone remember why Namecoin failed, and how could its fundamentals be compared to Ergo?', 37, '2023-03-25 10:25', 'https://www.reddit.com/r/ergonauts/comments/121giif/cool_tech_vs_utility_does_someone_remember_why/', 'I am currently reading a book called "Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies" by Mehta, Agashe & Detroja. I arrived at a section about the Namecoin project and its lack of utility and subsequent failure. I thought it would be interesting to share, and have your views on **why this project failed**? **How could Namecoin\'s fundamentals be compared to Ergo? Could Ergo be at risk of following a similar trajectory?**\n\nPersonally, I thought it was useful to see that you can have great tech and ideas, but if it does not reach mainstream adoption, it remains irrelevant. No matter what happens with Ergo, I joined this project because I appreciate the fundamentals, the philosophy, and our community. I will be the last to ever leave it, as it is in the spirit of the cypherphunk & bitcoin movement, and takes it a step further by including smart contracts and oracles.\n\nAnyway, here is the extract I am referring to;\n\n*"Later, Namecoin had a more ambitious idea: replacing the website registration process, which is also centralized. When you start a website, you need to buy the domain name from a company known as a registrar; each domain ending (.com, .org, .de, .jp, and so on) is managed by a different registrar. But each registrar is ultimately managed by a company called ICANN, which means that ICANN could, in theory, delete any website’s domain name and thus take it offline.*\n\n*So Namecoin introduced .bit, a new decentralized domain name ending. Anyone could register a .bit website on Namecoin’s blockchain, and anyone running the Namecoin software could visit any .bit website.*\n\n*The problem was that you couldn’t visit a .bit website unless you were running Namecoin’s software, meaning that the chicken-and-egg problem was now in full effect. Plus, the Namecoin software was tedious to set up and required extensive configuration and setting up a website was needlessly complicated.*\n\n*Unsurprisingly, the .bit domain ending failed to take off. Michael Dean said that only about 30 real .bit domain names were ever created, and they were all mirrors of sites with “traditional” domain endings, showing the same webpages from a different domain name. So there was no new content available on the Namecoin sites.) And just 5000 people had set up the software to view .bit sites.*\n\n*Meanwhile, because registering a .bit website was so cheap, it was flooded with hundreds of thousands of squatted websites, or placeholder sites that took a popular name in the hopes of being sold for a profit later. Imagine buying, say, facebook.bit or disney.bit for $5 and selling it for $5 million if .bit took off. Suffice it to say that .bit was mostly used for shady purposes.*\n\n*The final nail in the coffin for Namecoin was the team’s poor cohesion and strategy. At one point they tried to partner with ICANN and Google, the same companies they were trying to “disrupt” — Dean called it “making a technology to circumvent governments and then handing it over to governments.”*\n\n*The verdict is that Namecoin failed. NMC, the cryptocurrency you use to buy and sell domain names and DNS entries, isn’t even in the top 200 cryptocurrencies by market cap, or the total value of all coins in circulation. And, as Dean mentioned, usage of the products themselves is low.*\n\n*The main reason Namecoin failed is that it underestimated people’s inertia. Their solution may have been more decentralized and technologically sound than the current system, but setting up this kind of two-sided market (with consumers on one side and website makers on the other) was tremendously difficult, especially when .bit was so hard to use.*\n\n*There’s little evidence that Namecoin thought hard about these people problems; it seems they just focused on building a cool, technologically stronger product without thinking about how to actually get people to use it. As we’ve seen throughout this chapter, that’s a common problem for blockchain apps: focusing too much on the technical problems without thinking about the people problems."*', 'https://www.reddit.com/r/ergonauts/comments/121giif/cool_tech_vs_utility_does_someone_remember_why/', '121giif', [['u/Fuck_Up_Cunts', 16, '2023-03-25 11:18', 'https://www.reddit.com/r/ergonauts/comments/121giif/cool_tech_vs_utility_does_someone_remember_why/jdlt17o/', "Namecoin didn't have particularly strong fundamentals and can't really be compared. You don't need a whole chain for DNS - that's one dApp on Ergo.", '121giif'], ['u/Efficient_Clue66', 11, '2023-03-25 11:22', 'https://www.reddit.com/r/ergonauts/comments/121giif/cool_tech_vs_utility_does_someone_remember_why/jdlt8xt/', 'It seems it failed due to the entry barrier.\n\nI think explaintomelikeimfive is the best example of the everyday person. \n\nWhy research something and go through the struggles and risk of learning about something for little to no change.\n\nWhy’s an iPad so popular? A toddler can use it.\n\nSocial media? A 5 yr old could use it\n\nMicrosoft and personal computers? 10 yr olds can use it.\n\nBlockchain interaction only appeals to those who are tech savvy. Until you make it idiot proof then it’s going to be tricky. \n\nFinancial independence should be learnt by the time your independent yourself but tools aren’t taught in most schools anyway', '121giif'], ['u/OrsaMinore2010', 12, '2023-03-25 13:26', 'https://www.reddit.com/r/ergonauts/comments/121giif/cool_tech_vs_utility_does_someone_remember_why/jdm3jha/', 'I liked this post, and I think it\'s important to consider what you are asking.\n\nI was a bit confused by your use of the term "utility" here. From what I gather, it sounds more like you are discussing lack of utilization rather than what I think of as utility.\n\nSpecifically, both namecoin and ergo seem to have less utilization than more popular chains... But whereas namecoin had a very narrow and specific use case, Ergo is designed as a general purpose financial operating system. As I see it, Ergo has much more utility than Bitcoin, and both are primarily focused on monetary solutions.\n\nAlso, utility can be overdone. I carry a multitool, but I never use the blade. I do use the other tools a few times a week, but I also carry a Buck folder that I use a few times a day. \n\nConsider Ethereum, or any of the Solidity based chains: they are like a multitool, whereas Bitcoin is like a good folding knife. The additional utility has led to a lot of adoption (utilization), but at the cost of quality. \n\nICP has extreme utility, aiming to replace AWS in a decentralized cloud... they have clones for a bunch of web2 apps. Will they succeed? Too early to tell, but I don\'t think so. It\'s too much of a stretch for the common person to figure out and use it. \n\nIt is best to start simple, like Bitcoin, and then see how improvements can be made to do it better, like Ergo. It\'s a folding knife, like bitcoin. But because it has a better handle, better steel, lighter weight, and comes with a warranty (miner governance), perhaps it will be adopted over bitcoin in time. \n\nIMO, algorithmic stablecoins and Real-Fi are the key improvements that are needed to make bitcoin better.', '121giif']]], ['u/totopsgr', 'Question to the US bitcoiners', 12, '2023-03-25 11:01', 'https://www.reddit.com/r/Bitcoin/comments/121h6zy/question_to_the_us_bitcoiners/', 'Hi people, as an non us citizen or resident I wonder how do you feel about your next vote. It seems to the outsiders that the latest choke 2.0 operation against Bitcoin and crypto in general is driven primarily by the democrats. The strongest polemics being by sen warren, the sec, the NY state in general, and Biden himself with the latest economic report release. This aggressive regulation without clear setting of the rules of the game (therefore not giving anyone the chance to play by the rules) coincides with the biggest bank crisis since 2008, perfectly timed to cut off leaks from tradfi to Bitcoin and crypto. It all poses the question "if it is so worthless, why don\'t you let the free market decide. If it such a bad store of value why don\'t you let it compete on even playing field." . My question is, do us citizens consider this a democrats problem? How many of you will vote for democrats in the next election? Do you believe republicans will do better?. Is a change in the leadership of the US going to be a solution or a problem? How many of you voted democrats and now will vote republican? Why not organise a campaign "I will no longer vote for Biden because of the unfair and authoritarian regulation of the crypto space" Perhaps it will hit some strings if the movement is large .', 'https://www.reddit.com/r/Bitcoin/comments/121h6zy/question_to_the_us_bitcoiners/', '121h6zy', [['u/IcarusWax', 10, '2023-03-25 11:36', 'https://www.reddit.com/r/Bitcoin/comments/121h6zy/question_to_the_us_bitcoiners/jdlub6p/', "I'm non-US, & also wonder this...The rest of the world is slowly moving toward sensible regulation, & the US is just a dumpster fire...The SEC & Warren etc, can do what they like, BTC especially & blockchain tech will not be stopped. It may take the next generation of politicians to embrace positive regulations around this industry....\n\nMeanwhile, BTC just keeps hashing blocks...", '121h6zy'], ['u/am-i-a-peepee', 29, '2023-03-25 13:43', 'https://www.reddit.com/r/Bitcoin/comments/121h6zy/question_to_the_us_bitcoiners/jdm5979/', 'Two wings of the same bird. Lol I don’t care and neither does bitcoin', '121h6zy'], ['u/satoshisfeverdream', 15, '2023-03-25 13:48', 'https://www.reddit.com/r/Bitcoin/comments/121h6zy/question_to_the_us_bitcoiners/jdm5smk/', 'Can’t trust either side to look out for the citizens as both have been captured by their respective special interest groups through lobbying efforts and extensive political donations. (legal bribes)', '121h6zy'], ['u/Plastic_Ad6524', 15, '2023-03-25 13:59', 'https://www.reddit.com/r/Bitcoin/comments/121h6zy/question_to_the_us_bitcoiners/jdm70wx/', 'Look at wealth by Democrat politicians vs Republican politicians over time. It’s clear why democrats are against Bitcoin in general. The true liberals and true financially conservative both like it.', '121h6zy']]], ['u/meeleen223', 'MOONS - Changing the very fabric of using Social Apps before our eyes! DCAing into Moons? Sounds crazy when we can earn it, but is it? Table inside BULLISH', 154, '2023-03-25 12:54', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/', "With recent Moons burns, developments and price action **Moons have caught lot of eyes of the Media and people outside our community**\n\nMoons previously reached:\n\n&#x200B;\n\nhttps://preview.redd.it/uqfdosh0jvpa1.png?width=401&format=png&auto=webp&v=enabled&s=65e61fd88a8d807c5a14c424b2e6382ef0619497\n\nWe know earning Moons through means of contributing is best, more and more people have been buying Moons, notably Bobby Oong - Coingecko Founder as well as people swapping their ARB airdrop for Moons and putting in liquidity pool\n\nI was wondering what it would be like if one DCA-ed $100/Month into Moons\n\n&#x200B;\n\n|Date|Moons Price|Number Of Moons|\n|:-|:-|:-|\n|01.01.2021|$ 0.01|**10000**|\n|01.02.2021|$0.128|**781**|\n|01.03.2021|$ 0.088|**1136**|\n|01.04.2021|$0.07|**1428**|\n|01.05.2021|$0.099|**1010**|\n|01.06.2021|$0.07|**1428**|\n|01.07.2021|$0.055|**1818**|\n|01.08.2021|$0.21|**476**|\n|01.09.2021|$0.26|**384**|\n|01.10.2021|$ 0.135|**740**|\n|01.11.2021|$0.16|**625**|\n|01.12.2021|$0.15|**666**|\n|01.01.2022|$0.126|**793**|\n|01.02.2022|$0.076|**1315**|\n|01.03.2022|$0.078|**1282**|\n|01.04.2022|$0.061|**1639**|\n|01.05.2022|$0.05|**2000**|\n|01.06.2022|$0.05|**2000**|\n|01.07.2022|$0.044|**2272**|\n|01.08.2022|$0.073|**1369**|\n|01.09.2022|$0.082|**1219**|\n|01.10.2022|$0.124|**806**|\n|01.11.2022|$0.1|**1000**|\n|01.12.2022|$0.1|**1000**|\n|01.01.2023|$0.078|**1282**|\n|01.02.2023|$0.12|**833**|\n|01.03.2023|$0.20|**500**|\n\n&#x200B;\n\n|Invested|Total Number Of Moons|Total Value at $0.369|\n|:-|:-|:-|\n|**$2700**|**39811** 🌊🦄|**$14690**|\n\n&#x200B;\n\n**And if one started investing since Moons going to mainnet:**\n\n|Invested|Total Number Of Moons|Total Value at $0.369|\n|:-|:-|:-|\n|**$800**|**8000**|**$2956**|\n\n&#x200B;\n\n* **Moons are getting scarce**\n\nNumber of Moons released to users at the start of DCA vs Today\n\n|Date|Number of Moons released|\n|:-|:-|\n|**31.12.2020**|**2,093,979**|\n|**26.01.2021**|**1,025,00**|\n\n**That's 51% decrease, in 2025 we will go down to almost 500k**\n\nNumber of Moons released to users **drops by 2.5% each round**, until it reaches a steady inflation of %1 yearly that will happen in around 10 years, even after that it will take many years for Moons to reach original 250m hard mcap\n\nMoons **only need $111m mcap to reach $1**, this means our DCA would make us **$39811!**\n\n&#x200B;\n\nhttps://preview.redd.it/nm22xi34jvpa1.png?width=349&format=png&auto=webp&v=enabled&s=d707231202e794a47fdc61006fbb43f31f387aa2\n\n* **Owning just** **5 Moons** **is equal to owning 1 BTC in terms of percentage at current supply**\n\n1 BTC / 21 000 000 x 100 = 0.00000476%\n\nx/109 000 000 x 100 = 0.00000476190476\n\nx = 0.00000476190476/100 \\* 111 000 000\n\nx= **5.28**\n\n&#x200B;\n\n* **Moons may very well be the BTC of Social Tokens and BTC of 2020s**\n\n**Moons are a new paradigm in using social apps**, getting something in return for our contributions is a unique, it is now US getting payed for ads targeted at us. Empowering us users in this town in app dominated world, together with power of governance shaping the future of this sub\n\nReddit's plan for subreddit's to operate like businesses and people to generate wealth on reddit bringing economy into subreddits is a entirely new business model. Reddit's plan to operate like a housing entity hosting companies - subreddits the way Apple houses apps, creating an entirely new business model for other companies to follow\n\nAt Paris blockchain convention 4 days ago, Steve Huffman CEO of Reddit, again underlined importance of users seazing value and future of web3 stored in interoperability, taking your tokens outside Reddit. This is key in bringing web3 to life and inline with what Vitalik named at Ethereum unveiling in 2014 as one of key points - decentralized reputational social networks\n\nReddit and Moons are frontrunning the web 3!\n\n&#x200B;\n\n* **Moons mcap is only \\~ $39m at $0.369/ 36m right now at $0.33**\n\nIf Moons had Baby Doge ath mcap, 1 MOON would be worth **$3.8**\n\nIf Moons had **1/100** of Doge mcap, 1 MOON would be worth **$7.56**\n\nIf Moons had Safemoon's ATH mcap, 1 MOON would be worth **$50**\n\nIf Moons had Shiba Inu's **bear** market cap of **$6.4B**, 1 MOON would be worth **$60.2**\n\nIf Moons had Shiba Inu's ATH market cap of $40b, 1 MOON would be worth **$387**\n\nIf Moons had Doge ATH mcap, 1 MOON would be worth **$756**\n\n&#x200B;\n\nhttps://preview.redd.it/34ax8w46jvpa1.png?width=282&format=png&auto=webp&v=enabled&s=4795ed6b62a44bceed17ebceab2e10a97a2cf0db\n\n* **Reddit subreddits are powerfull when united and we have seen them go viral**\n\nOnce Moons hit $1 media, hype and bullrun will bring waves of people Fomo-ing into the sub, once they hear stories of people buying a home, car (lambo) from Moons they will come to earn a shiny new token\n\n&#x200B;\n\n* **Moons value is also knitted in intangibles and are already lifechanging to so many**\n\nWe put our feelings, thoughts, emotions and together as a community through thick and thin, fun and exciting alike go into our crypto journey. Creating safe investing environment for people as well as shitposting from the toilets,\n\nWe've seen one person set up a fruit stand for their parents, one person payed for their Dog's surgery with Moons, other took their daughter to disneyland, one young guy bought a lap top for their studies\n\nI'd say that's pretty impactful and life changing for many\n\n&#x200B;\n\n* **We've seen CZ from Binance liking the Moons concept**\n\nhttps://preview.redd.it/4fxxjr98jvpa1.png?width=662&format=png&auto=webp&v=enabled&s=32b52f6519a809a7a0ca2145bbda5db94708c865\n\n* **We've seen** [Vitalik](https://np.reddit.com/r/Bitcoin/comments/14w2wo/come_get_some_free_bitcoins/c7gztw3/?context=3) **suggest concept of Moons 10 years ago right here on Reddit**\n\nhttps://preview.redd.it/bsp0x6e9jvpa1.png?width=412&format=png&auto=webp&v=enabled&s=7c8d0470dd84809a3061b82a551b9f986b9e8b79\n\n* **We've seen Reddit CEO SPEZ - Steve Huffman say users should generate wealth on Reddit**\n\nhttps://preview.redd.it/e428qbmcjvpa1.png?width=489&format=png&auto=webp&v=enabled&s=64e1ef525244be35cefa79c6423108ff293abd54\n\n* **We've seen Bobby Oong, CoinGecko Co-Founder bullish on Moons and buying**\n\nhttps://preview.redd.it/9dxqf4udjvpa1.png?width=517&format=png&auto=webp&v=enabled&s=46f6d269d40147c0a082c7801964282a51073ea1\n\nMoons future is exciting, and their **potential is** **huge** and we are in front rows, buckle up it's gonna be one hellova a ride!\n\n&#x200B;\n\nhttps://preview.redd.it/j7ys8r8fjvpa1.png?width=993&format=png&auto=webp&v=enabled&s=4fc92faf49ad5b63bcb1560790b80854c58f4b7e", 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/', '121jl2p', [['u/Ralphadayus', 86, '2023-03-25 12:56', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm0s3b/', "The whole sub has become nothing but moon posts lol. It's a great post, don't get me wrong, but damn.", '121jl2p'], ['u/Chysce', 20, '2023-03-25 12:56', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm0s57/', 'Additional note\n\nPeople with 100k moons are actually a WHOLE Bitcoiners.', '121jl2p'], ['u/vjeva', 22, '2023-03-25 12:59', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm11ax/', 'Three steps to reach $10 by EOY: \n\n1. u/vbuterin opens his Vault\n\n2. Kraken announces to list Moons\n\n3. Reddit implements Moons as the official "Community Point" for purchasing Avatars on the upcoming NFT Marketplace.', '121jl2p'], ['u/Every_Hunt_160', 50, '2023-03-25 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm36tm/', "Do you know who OP is?\n\nMeelen is the biggest Moon Maxi there is, and god damn the guy is the best Hopium Seller I've ever met on the Streets\n\nThe favourite dealer of choice for many of us!", '121jl2p'], ['u/Aerocryptic', 21, '2023-03-25 13:41', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm534q/', 'So in other words a shitcoin shill', '121jl2p'], ['u/mishaog', 17, '2023-03-25 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm8hlr/', "It's getting boring", '121jl2p'], ['u/Baecchus', 12, '2023-03-25 14:13', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm8kka/', "We have 6.2m members and most of them are inactive. Once the bull run is back people will start browsing again and they will start to FOMO into Moons on top of each other. That's when we will have a real explosion. The writing is on the wall. All we have to do is wait and chill.", '121jl2p'], ['u/Baecchus', 11, '2023-03-25 14:15', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm8q3n/', "u/meeleen223 could probably sell me a bottle of air with how good he's at dealing hopium. My favorite dealer in the sub as well!", '121jl2p'], ['u/Baecchus', 15, '2023-03-25 14:18', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdm95a8/', "It might be a shitcoin, but it's *our* shitcoin.", '121jl2p'], ['u/HUERRAYS', 40, '2023-03-25 14:31', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdmajjl/', '\nI haven’t been in this sub for like a year and it’s crazy that people are still crazy for moons lol', '121jl2p'], ['u/LATech99', 33, '2023-03-25 14:37', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdmbamp/', 'I’d like to provide some historical context to your DCA example, as I was one of two more aggressive buyers who drove the first “Moons bull run” - from under a penny to 0.10. When the price was a penny, daily volume was under $500 on Honeyswap. Due to the insanely low liquidity, a $100 buy could drive the price up by as much as 20%. 😳', '121jl2p'], ['u/pdneves', 15, '2023-03-25 14:47', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdmchit/', "I'll take that hopeium please!", '121jl2p'], ['u/Heliumania', 12, '2023-03-25 15:24', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdmh1in/', 'Thanks for the reality check', '121jl2p'], ['u/Fancy_Juggernaut_675', 10, '2023-03-25 17:02', 'https://www.reddit.com/r/CryptoCurrency/comments/121jl2p/moons_changing_the_very_fabric_of_using_social/jdmukeu/', 'Let’s see how we go off when everything is exploding again. ^^', '121jl2p']]], ['u/bc7915dawg', "To get a sense of how much things can change, here's the top 10 crypto from 8 years ago", 52, '2023-03-25 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/', "I've been around crypto for 10 years now, and I keep a bunch of old screenshots in an Imgur account. This one is from January 21st, 2015 - [https://imgur.com/SuXdvcp](https://imgur.com/SuXdvcp).\n\nEthereum didn't exist.\n\nThere's a bunch coins that have long since disappeared.\n\nBitcoin is $211.49.\n\nThere was another thread in this subreddit asking which coins in the top 100 won't be around a few years now. It's impossible to predict, but with the benefit of hindsight you can see how things can quickly change.", 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/', '121krv7', [['u/ahabraken', 30, '2023-03-25 13:45', 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/jdm5ivd/', "All of them seemed to be top coins at the time and sure to succeed. Used that information to make sure you're not married to your bags.", '121krv7'], ['u/No_Vegetable_8945', 10, '2023-03-25 13:57', 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/jdm6qcn/', 'Doge outliving a lot of coins for the past decade, and people is still waiting for it to “die” good lord good luck waiting for that. Memes never die.', '121krv7'], ['u/GiantCurator', 12, '2023-03-25 14:03', 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/jdm7fy4/', "DarkCoin and MaidSafeCoin are the ones I've never heard of, but have the coolest names", '121krv7'], ['u/French_physicist', 36, '2023-03-25 14:07', 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/jdm7uvb/', 'Except dogecoin. That one is just a silly meme it will be gone very soon!\n\n*10 years later : still in the top 10*', '121krv7'], ['u/MrDribbles2', 12, '2023-03-25 14:08', 'https://www.reddit.com/r/CryptoCurrency/comments/121krv7/to_get_a_sense_of_how_much_things_can_change/jdm80kz/', 'Stellar still my most used coin for transferring to exchanges.', '121krv7']]], ['u/slvbtc', 'Bitcoin is ridiculously undervalued!', 45, '2023-03-25 13:54', 'https://www.reddit.com/r/Bitcoin/comments/121l0lk/bitcoin_is_ridiculously_undervalued/', 'Gold has not been money for decades. It is not worth anywhere near as much as it would be were it to reassert itself as the monetary standard for all countries.\n\nHowever gold will not reassert itself as money. At best it will act as a safe haven for people to hide from bank fragility and inflation. It is bitcoin that will end up asserting itself as global money as fiat collapses and all countries enter a global sovereign debt crisis.\n\nGold is worth $12 trillion currently and could double to $25 trillion if used as a safe haven. But if gold is nothing but a safe haven and bitcoin asserts itself as actual global money then bitcoin should be worth many multiples of gold. Conservatively lets say bitcoin should be worth double gold when gold is worth $25 trillion.\n\nThat puts bitcoin at a $50 trillion market cap just for it to reach fair value during a period of financial crisis and sovereign debt crisis. So lets say today before this financial crisis hits it should be no cheaper than 1/10th of its fair value of $50 trillion (ie $240k per btc).\n\nSo bitcoins fair value before a financial crisis should realistically be $240k per btc and in the midst of a financial crisis and global sovereign debt crisis it should be worth $2.4m per btc.\n\nIf we are entering a financial crisis and are at the beginning of a global sovereign debt crisis then bitcoin has to rise 85x just to reach fair value.\n\nBitcoin is ridiculously undervalued!', 'https://www.reddit.com/r/Bitcoin/comments/121l0lk/bitcoin_is_ridiculously_undervalued/', '121l0lk', [['u/Bossmanpanda', 12, '2023-03-25 14:29', 'https://www.reddit.com/r/Bitcoin/comments/121l0lk/bitcoin_is_ridiculously_undervalued/jdmadhc/', 'Well…. Actually We can’t value the value using old dirty fiat rules anymore. What is value? In dollar terms or btc/sats…..', '121l0lk'], ['u/Serenityprayer69', 12, '2023-03-25 15:45', 'https://www.reddit.com/r/Bitcoin/comments/121l0lk/bitcoin_is_ridiculously_undervalued/jdmjscy/', "I almost feel like people just figuring out how cool Bitcoin is shouldn't be allowed to post. This exact poorly thought out and worded post is written by every single stoned dude that watched an Andreas antanopoles video. Including me. I get your excited and you're right to be. But read more. This is not a revelation. Or not maybe it's fine people are new and excited. I'm just an old turd", '121l0lk']]], ['u/Prize-Reference9329', 'Top 10 cyptos if they have the same market cap of Bitcoin', 106, '2023-03-25 14:20', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/', ' Hello everybody,\n\nToday, I enjoyed calculating the price of top 10 cyptos if they have the same market cap of Bitcoin today. \n\nfind the results below: \t\n\n||Actual price|Price with market cap of BTC|\n|:-|:-|:-|\n| ETH\t|1744\t|4322|\n| BNB|323| 3349 |\n|XRP |0,44|10 |\n|ADA|0.36|15|\n|MATIC|1.09|58|\n|DOGE|0.074|4|\n|SOL|20.7|1396|\n|DOT|6|452|\n|LTC|91.75|7291|\n|SHIBA|0.00001055|0.0009|\n|BONUS|||\n|MOON|0.268|4959|\n\n Following the data of the table, I have three main remarks:\n\n 1- The difference between BTC and ETH is not big, ETH at his ATH exceed the current market cap of BTC;\n\n2-XRP and LTC are here for a long time and have resist a lot of bear market;\n\n3- Shiba will never get to 1 or 0.1 or even 0.01;\n\n&#x200B;\n\nData source: [coinmarket.com](https://coinmarket.com) at 11 UTC.', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/', '121loft', [['u/v1n1btt', 11, '2023-03-25 14:22', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdm9hyy/', 'Excuse my ignorance, but what is a cypto?', '121loft'], ['u/UnexperiencedIT', 23, '2023-03-25 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdm9sxa/', "So SHIB can't reach $1? Oh, I am so suprised..", '121loft'], ['u/SaltyyyBoo', 23, '2023-03-25 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdm9teh/', 'I just want Cardano to go back to $3 to recover my money lol', '121loft'], ['u/VicBear93', 10, '2023-03-25 14:25', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdm9vd1/', 'The top 10 cryptos if they had the same market cap of Bitcoin.', '121loft'], ['u/Anfibio8', 13, '2023-03-25 14:28', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdma70g/', '"3- Shiba will never get to 1 or 0.1 or even 0.01;"\n\nThe hard fact that shiba community doesn\'t want to ear lol', '121loft'], ['u/TOXICCARBY', 71, '2023-03-25 14:29', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmaanq/', 'You can see what price your altcoin can reach if it had BTC’s market cap on this [website](https://thecoinperspective.com)', '121loft'], ['u/DCFireGuy22', 28, '2023-03-25 14:43', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmc01l/', 'Well….my day just became completely filled', '121loft'], ['u/rybrotron', 23, '2023-03-25 15:03', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmefpv/', "So you're saying I won't become rich with a million SHIB?! This crypto stuff is bs!", '121loft'], ['u/TheResistancexz', 12, '2023-03-25 15:25', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmh78l/', 'A lot of shib holders bout to be butthurt', '121loft'], ['u/Magners17', 19, '2023-03-25 16:16', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmo112/', 'I don’t see how ADA hitting $3 again is a long shot. Will BTC hit $69K again? Then ADA can hit $3.', '121loft'], ['u/sh1tler', 10, '2023-03-25 16:59', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmu6dc/', 'Might as well just divide arbitrary numbers', '121loft'], ['u/JustinCompton79', 10, '2023-03-25 17:16', 'https://www.reddit.com/r/CryptoCurrency/comments/121loft/top_10_cyptos_if_they_have_the_same_market_cap_of/jdmwk6g/', 'I put 40 into lotto scratchers this morning and got 10 back. About the same as my crypto portfolio performance.', '121loft']]], ['u/whirlbloom', 'ELI5 - Tether', 26, '2023-03-25 14:41', 'https://www.reddit.com/r/Buttcoin/comments/121m7em/eli5_tether/', 'So if Tether is printing their coin to the moon, what are they doing with it?\n\nBuying Bitcoin?\n\nAnd if they are buying Bitcoin, who on earth would sell bitcoin for Tether and not real cash?', 'https://www.reddit.com/r/Buttcoin/comments/121m7em/eli5_tether/', '121m7em', [['u/Short_Syllabub_303', 60, '2023-03-25 15:04', 'https://www.reddit.com/r/Buttcoin/comments/121m7em/eli5_tether/jdmej5c/', 'I believe they:\n\n1) bought bitcoin cheaply (tether was formed when BTC was $500)\n\n2)create unbacked USDT to buy bitcoin with and work with exchanges to manipulate the price.\n\n3) once they get to a price they want, they sell their bitcoin for actual USD\n\n4) they burn USDT from the market to bring down the price of bitcoin and buy back in\n\n5)rinse and repeat\n\n\nTLDR: buy bitcoin with USDT ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider.\n• The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system.\n• Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence.\nBanks are imploding, the traditional financial system is on wobbly ground, and fears of a2008-style crisis have come into play.\nThat\'s good news for some.\nAs global markets still recover from the shock of this month\'s US bank collapses – Silvergate Capital,Silicon Valley Bank, Signature Bank – and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top.\nThe world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance.\n"This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider.\nThe rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as theFederal Reserve\'s aggressive interest rate hikes, recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment.\nFor many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team$BTC!! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet.\nBut of course, not everyone is on the same page. Wharton professorJeremy Siegelsaid the rally in bitcoin is set to fizzle out once people start trusting banks again.\nAll this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil?\nThe banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own.\nBanks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'sbond portfolio. That has made depositors nervous about the safety of their money – should their bank\'s transactions prove unsuccessful.\nThat\'s where bitcoin\'s benefits come in. The cryptocurrency is adecentralized asset, meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk.\n"We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said.\nThe recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year.\nThose expectations were vindicated at the central bank\'sWednesday meeting, when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy.\nLenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates – effectively banks are doing the Fed policymakers\' job for them.\nShould the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks.\nIn the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs.\nFor example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral.\nThat too works in bitcoin\'s favor - an increase in financial liquidity can add to the appeal of digital assets that are limited in supply, relative to traditional fiat currencies like the US dollar. As the law of supply and demand commands, adding money to the financial system reduces the dollar\'s value simply because it becomes more easily available.\nBitcoin\'s supply is finite. There will only be 21 million bitcoins in existence once the last one is mined 118 years from now – meaning it is less likely to fall in value by central bank manipulation.\nRead the original article onBusiness Insider', 'Bitcoin has risen nearly 40% since early March when SVB collapsed. Yuichiro Chino Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider. The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system. Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence. Banks are imploding, the traditional financial system is on wobbly ground, and fears of a 2008-style crisis have come into play . That\'s good news for some. As global markets still recover from the shock of this month\'s US bank collapses \x96 Silvergate Capital, Silicon Valley Bank , Signature Bank \x96 and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top. The world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance. "This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider. The rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as the Federal Reserve\'s aggressive interest rate hikes , recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment. For many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team $BTC !! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet. But of course, not everyone is on the same page. Wharton professor Jeremy Siegel said the rally in bitcoin is set to fizzle out once people start trusting banks again. Story continues All this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil? Safety from banking stress The banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own. Banks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'s bond portfolio . That has made depositors nervous about the safety of their money \x96 should their bank\'s transactions prove unsuccessful. That\'s where bitcoin\'s benefits come in. The cryptocurrency is a decentralized asset , meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk. "We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said. Interest-rate outlook The recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year. Those expectations were vindicated at the central bank\'s Wednesday meeting , when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy. Lenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates \x96 effectively banks are doing the Fed policymakers\' job for them. Should the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks. More cash in the financial system In the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs. For example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral. That too works in bitcoin\'s favor - an increase in financial liquidity can add to the appeal of digital assets that are limited in supply, relative to traditional fiat currencies like the US dollar. As the law of supply and demand commands, adding money to the financial system reduces the dollar\'s value simply because it becomes more easily available. Bitcoin\'s supply is finite . There will only be 21 million bitcoins in existence once the last one is mined 118 years from now \x96 meaning it is less likely to fall in value by central bank manipulation. Read the original article on Business Insider', '• Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider.\n• The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system.\n• Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence.\nBanks are imploding, the traditional financial system is on wobbly ground, and fears of a2008-style crisis have come into play.\nThat\'s good news for some.\nAs global markets still recover from the shock of this month\'s US bank collapses – Silvergate Capital,Silicon Valley Bank, Signature Bank – and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top.\nThe world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance.\n"This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider.\nThe rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as theFederal Reserve\'s aggressive interest rate hikes, recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment.\nFor many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team$BTC!! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet.\nBut of course, not everyone is on the same page. Wharton professorJeremy Siegelsaid the rally in bitcoin is set to fizzle out once people start trusting banks again.\nAll this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil?\nThe banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own.\nBanks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'sbond portfolio. That has made depositors nervous about the safety of their money – should their bank\'s transactions prove unsuccessful.\nThat\'s where bitcoin\'s benefits come in. The cryptocurrency is adecentralized asset, meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk.\n"We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said.\nThe recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year.\nThose expectations were vindicated at the central bank\'sWednesday meeting, when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy.\nLenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates – effectively banks are doing the Fed policymakers\' job for them.\nShould the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks.\nIn the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs.\nFor example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral.\nThat too works in bitcoin\'s favor - an increase in financial liquidity can add to the appeal of digital assets that are limited in supply, relative to traditional fiat currencies like the US dollar. As the law of supply and demand commands, adding money to the financial system reduces the dollar\'s value simply because it becomes more easily available.\nBitcoin\'s supply is finite. There will only be 21 million bitcoins in existence once the last one is mined 118 years from now – meaning it is less likely to fall in value by central bank manipulation.\nRead the original article onBusiness Insider', 'The years of wild partying have ended. I went in search of survivors.\nTo be successful on Wall Street, you have to be able to recognize the changing market winds — patterns that inform investors when it\'s time to get in and when they need to get out. Sometimes, the winds are a warm and inviting breeze: Assets rise in value and everyone seems to be making money. Other times, they turn into a violent gale,leaving financial destruction and destitutionin their wake.\nIf any city was in the eye of the dramatic weather pattern that seized markets over the past few years, it was Miami. And if any city isthecity where you can see just how remarkably things have shifted, it\'s also Miami. Consider it a financial weather vane perched on the Florida coast.\nWhen I visited Miami in January 2021, the gentle winds of stimulus cash and pandemic-era savings had turned the city into the capital of crypto and a paradise for a new type of too-online stock jockey. But when I returned in January this year, signs of the market\'s meteorological reversal were everywhere.\nGone are thenearly daily happy hours at beachfront barswhere crypto guys in Crocs enthused about the newest coin. Traffic on Miami Beach\'s sexiest thoroughfare, Collins Avenue, is lighter. The home of the NBA\'s Miami Heat — which was hastily christened "FTX Arena" after the city signed a $135 million deal with the now collapsed cryptocurrency exchange — has already been renamed the "Miami-Dade Arena." And the gossip around town is that the repo man is coming for recently purchased Mercedes G Wagons — the unofficial status symbol of Miami\'s newly monied.\nNot that the city\'s longtime residents are rattled by any of this. Miami has been home to many a frenzy — the land grabs of the 1920s, the cocaine boom of the \'80s, and the real-estate bust of 2008. Every time there is a boom, the city is invaded. And every time there is an inevitable bust, the carpetbaggers clear.\nThe people who are able to really make it in Miami are a lot like the people who make it in the market: steady, clear-eyed, and attentive to the possibility of gale-force winds blowing in from the Caribbean overnight. And those who limp out after the winds shift leave with a lot fewer dollars but a handful of valuable lessons: Past performance is no guarantee of future returns, and sometimes when the sun shines, it burns.\nMiami is no stranger to swift injections of wealth. Yes, the city is an international financial hub, but it\'s also a free-wheeling port with a love for fast moneyin a state with no income tax— classically great conditions for forming financial bubbles. Miami Beach itself was born during the land rush of the \'20s, when Carl Fisher built the town from sand dredged out of Biscayne Bay and average Americans began buying up plots in Florida sight-unseen. The author Christopher Knowlton argues in his book "Bubble in the Sun" that while this speculation didn\'t directly cause the Great Depression, "the Sunshine State did provide both the dynamite and the detonator."\nIf the draw in the 1920s was imaginary land, Miami\'s bubble in the 2020s was driven by imaginary money — crypto. Either way, the idea was the same: Buy into the hot investment and become fabulously wealthy in no time. When I visited Miami in February 2021, the vaccine rollout was just getting started. Californians and New Yorkers were fleeingto Florida in record numbersto escape the pandemic winter, find riches, or both. Miami, on the other hand, was raging as if there were no pandemic at all.\nThe stock market was on a stimulus-fueled heater, and the whole town knew somebody who was raking in money trading on Robinhood. You couldn\'t get a seat at Carbone, the extravagant red-sauce joint imported from New York City and known for catering to the stars. Living up to Miami\'s reputation for bigbienvenidos, the city\'s mayor,Francis Suarez, set himself up as aone-man welcome wagonfor the crypto crowd, the startup crowd, and any financial firm that might consider moving into town. As bitcoin surged above $40,000, the city published a "white paper" that declared crypto would "transform the world," minted itsown digital currency, and started attracting the biggest names in digital finance. Crypto was injected into basically every Miami function,especially its biggest annual festival, Art Basel. With all the ease of Pitbull putting on a pair of aviator sunglasses, Miami absorbed the frenetic energy of an entire country frustrated by the pandemic and flush with cash.\n"The pitch was like Miami\'s cocaine-cowboy days," a real-estate broker who specializes in selling high-end properties to rich newcomers told me. "\'Come here, and it\'ll be free rein.\' It didn\'t feel like the right move, but cash is still king in Miami."\nThe real-estate broker told me that during this boom, they took a lot of young men in the crypto world to see properties, though they rarely bought anything. They were cosplaying as wealthy real-estate gurus, the broker said, "trying to be an expert in something they didn\'t really understand," and they were often uninterested in whether a prospective deal made financial sense. There was a lack of grounding in their property viewings, often espoused by the improbable combination of naivety and a new girlfriend at every meeting.\nGiven the city\'s history of riding trends, it wasn\'t surprising that crypto and other tech startups based on short-order fads —think: metaverse— found a home in Miami. What was odder was thekindof people who flocked to Miami for this latest speculative craze.\n"If you\'re not comfortablegoing out, going out, Miami is a lot to handle," the real-estate broker told me. "I don\'t think any of them are exposed to nightlife. The things that you do in your 20s, these guys were doing for the first time."\nAt night, the crypto kids traveled in obvious packs of men dressed like boys at camp. And like boys at camp, their movements were confined to parts of town built to accommodate visitors at play. It\'s unclear whether that was for comfort or simply because they did not know where else to go. They had too much money to be spring breakers and too little idea what to do with it to be locals. They did not own white jeans, a staple of the Miami nightlife uniform, and could not tell the difference between a pretty woman flirting and one doing her job. They did, however, tip and spend well when instructed, I\'m told. Miami — ever elastic — may have bent from crowding and been tired from teaching, but it did not break.\nThis is not to say that all the city\'s growth was built on the blockchain. There were more staid players ofhigh finance who relocated as well. Citadel — Wall Street\'s largest market maker and undisputed victor of the pandemic cycle —moved its headquartersandultimately hundreds of employeesthere from Chicago. But the real-estate broker told me there were clear differences between those heading south riding crypto cash and the more traditional finance people. Unlike the crypto kids, these traditional types showed up to view property with a family and a financial plan. It was clear that, like their employees, they were looking for a place to make a long-term deal — or, at the very least, a good school district.\nPrivately, Miami natives laughed when the newcomersignored their warningsaboutthe anxiety of hurricane seasonand the unbearable summer heat. The newcomers — and the crypto kids, especially — believed they could master Miami as easily as they had mastered the markets. Like so many before them, they had picked the right investment and become fabulously wealthy in no time. So how hard could it be?\nIn spring 2022, this recent round of Miami novices learned the same lesson as speculators throughout the city\'s history: It canliterallybe pretty tough, bro.\nAfter they spent two years riding high, the winds changed and the markets turned with a vengeance. Bitcoin started collapsing in March, going from a record high of over $60,000 to $16,200 by November.Miami coin fell 95%from February to May. Tech stocks big and small got pounded too. The new Miami money party started to run out of libations.\nThe moment the music really stopped, though, was when FTX — which had been valued at $32 billion at its peak — collapsed in November and its wunderkind founder, Sam Bankman-Fried, was charged with fraud. It was a sucking sound heard across the crypto world, and other big names in the burgeoning industry — likeCelsiusandGemini— were swept away shortly thereafter. In Miami, the crypto guys started disappearing from town. One bartender at a members-only beach club in South Beach, where the crypto kids tried to hold court, told me that it was a pretty quick vanishing act. They\'re all gone "because they\'re all broke," they told me. It was as simple as that.As one person who managed the jump from raising money for Wall Street to Miami crypto and then back again told me frankly: "Everyone knew SBF was a fraud, but Bernie Madoff kept the joke going for almost 20 years." The expectation, they said, was that SBF would be more adept at keeping the shell game going — he wasn\'t. Without the man CNBC\'s Jim Cramer called "the next JP Morgan," and with Washington bearing down on the industry, the crypto kings of Miami got scarce — fast.\nAnd as soon as FTX fell,the cold winds of regulationbegan sweeping into Miami from Washington, DC. "Sweetie, regulation means less opportunity," the former crypto fundraiser said. In interviews, leaders like Coinbase CEO Brian Armstrong will tell you thatcrypto welcomes regulationbecause it can remove uncertainty and give participants clarity on the rules of the road. But this is more of a ruse: What Armstrong and his ilk want arelaxregulations.\nThat is why crypto\'s current collapse of faith may be fatal.Regulators clearly thinkcrypto is too volatile for big banks to handle, which will limit its growth. As things are, the small banks that were servicing the industry are failing — like San Diego\'sSilvergate— or flailing, like New York\'s Signature Bank, forlack of capitalas coin prices plummet. Securities and Exchange Commission Chair Gary Gensler seems to be leaning toward officially labeling crypto a security, which could kill the industry entirely by revealing that under its thin veneer of technological innovation, there is just plain, old gambling. Knowing this, the same people who were sipping cocktails in their cargo shorts and calling Miami home in 2021 are nowthreatening to movetheir emptying empires overseas in 2023 — if they haven\'t left already. Genslerseems unmoved.\n"There were a lot of true believers in the Miami crypto scene. They wanted to drink the Kool-Aid," the fundraiser said. "The big boys likePeter Thielall got out on top. The paupers just crumbled to nothing."\nIn January, I sat with a former crypto executive at the bar in South Beach\'s Eden Roc hotel. Miami was experiencing its normal winter rush of Wall Street conferences, and we were reading faces. The crypto exec wanted to see whether Wall Street\'s rank and file had figured out what they had figured out months before — that the beach party was over. "It\'s smoke and mirrors. There\'s no real money here anymore," the former crypto exec, a third-generation Wall Streeter, said. "It\'s all gone to Dubai and Singapore." There was fear on people\'s faces where two years ago there had been greed.\n"You know who\'s rich in Miami?" the former crypto exec — now a naturalized Miami citizen — asked me. "The people who make windows for yachts."\nThey\'re right. The people who survive in the city, whatever the weather, are those who make a living supporting its glamorous lifestyle. They work in nightlife, hospitality, real estate, and anything that can provide the infrastructure for revelers\' good time. Like so many speculators before them, the crypto kids came and went, barely leaving a mark in the sand. Some of the wealth that came into Miami over the past few years will stick. But just like in the wider market crash, much of it is gone forever. This is a routine the city has grown accustomed to. Nature is healing. After another tide of money rushed in and out, Miami remains sun-soaked and unbothered but always keeping one eye out for the next shift in the wind.\nLinette Lopezis a senior correspondent at Insider.\nRead the original article onBusiness Insider', 'Miami was the center of the stock and crypto markets\' pandemic boom. But now the party is over and the city is facing the fallout. Getty Images; Alyssa Powell/Insider The years of wild partying have ended. I went in search of survivors. To be successful on Wall Street, you have to be able to recognize the changing market winds — patterns that inform investors when it\'s time to get in and when they need to get out. Sometimes, the winds are a warm and inviting breeze: Assets rise in value and everyone seems to be making money. Other times, they turn into a violent gale, leaving financial destruction and destitution in their wake. If any city was in the eye of the dramatic weather pattern that seized markets over the past few years, it was Miami. And if any city is the city where you can see just how remarkably things have shifted, it\'s also Miami. Consider it a financial weather vane perched on the Florida coast. When I visited Miami in January 2021, the gentle winds of stimulus cash and pandemic-era savings had turned the city into the capital of crypto and a paradise for a new type of too-online stock jockey. But when I returned in January this year, signs of the market\'s meteorological reversal were everywhere. Gone are the nearly daily happy hours at beachfront bars where crypto guys in Crocs enthused about the newest coin. Traffic on Miami Beach\'s sexiest thoroughfare, Collins Avenue, is lighter. The home of the NBA\'s Miami Heat — which was hastily christened "FTX Arena" after the city signed a $135 million deal with the now collapsed cryptocurrency exchange — has already been renamed the " Miami-Dade Arena ." And the gossip around town is that the repo man is coming for recently purchased Mercedes G Wagons — the unofficial status symbol of Miami\'s newly monied. Not that the city\'s longtime residents are rattled by any of this. Miami has been home to many a frenzy — the land grabs of the 1920s, the cocaine boom of the \'80s, and the real-estate bust of 2008. Every time there is a boom, the city is invaded. And every time there is an inevitable bust, the carpetbaggers clear. The people who are able to really make it in Miami are a lot like the people who make it in the market: steady, clear-eyed, and attentive to the possibility of gale-force winds blowing in from the Caribbean overnight. And those who limp out after the winds shift leave with a lot fewer dollars but a handful of valuable lessons: Past performance is no guarantee of future returns, and sometimes when the sun shines, it burns. Story continues Miami bubble machine Miami is no stranger to swift injections of wealth. Yes, the city is an international financial hub, but it\'s also a free-wheeling port with a love for fast money in a state with no income tax — classically great conditions for forming financial bubbles. Miami Beach itself was born during the land rush of the \'20s, when Carl Fisher built the town from sand dredged out of Biscayne Bay and average Americans began buying up plots in Florida sight-unseen. The author Christopher Knowlton argues in his book " Bubble in the Sun " that while this speculation didn\'t directly cause the Great Depression, "the Sunshine State did provide both the dynamite and the detonator." If the draw in the 1920s was imaginary land, Miami\'s bubble in the 2020s was driven by imaginary money — crypto. Either way, the idea was the same: Buy into the hot investment and become fabulously wealthy in no time. When I visited Miami in February 2021, the vaccine rollout was just getting started. Californians and New Yorkers were fleeing to Florida in record numbers to escape the pandemic winter, find riches, or both. Miami, on the other hand, was raging as if there were no pandemic at all. The stock market was on a stimulus-fueled heater, and the whole town knew somebody who was raking in money trading on Robinhood. You couldn\'t get a seat at Carbone, the extravagant red-sauce joint imported from New York City and known for catering to the stars. Living up to Miami\'s reputation for big bienvenidos , the city\'s mayor, Francis Suarez , set himself up as a one-man welcome wagon for the crypto crowd, the startup crowd, and any financial firm that might consider moving into town. As bitcoin surged above $40,000, the city published a " white paper " that declared crypto would "transform the world," minted its own digital currency , and started attracting the biggest names in digital finance. Crypto was injected into basically every Miami function, especially its biggest annual festival , Art Basel. With all the ease of Pitbull putting on a pair of aviator sunglasses, Miami absorbed the frenetic energy of an entire country frustrated by the pandemic and flush with cash. "The pitch was like Miami\'s cocaine-cowboy days," a real-estate broker who specializes in selling high-end properties to rich newcomers told me. "\'Come here, and it\'ll be free rein.\' It didn\'t feel like the right move, but cash is still king in Miami." The crypto guys worked their way into every corner of Miami\'s party scene: including the annual Art Basel festival. Erika Goldring/Getty Images for Marshland The real-estate broker told me that during this boom, they took a lot of young men in the crypto world to see properties, though they rarely bought anything. They were cosplaying as wealthy real-estate gurus, the broker said, "trying to be an expert in something they didn\'t really understand," and they were often uninterested in whether a prospective deal made financial sense. There was a lack of grounding in their property viewings, often espoused by the improbable combination of naivety and a new girlfriend at every meeting. Given the city\'s history of riding trends, it wasn\'t surprising that crypto and other tech startups based on short-order fads — think: metaverse — found a home in Miami. What was odder was the kind of people who flocked to Miami for this latest speculative craze. "If you\'re not comfortable going out , going out, Miami is a lot to handle," the real-estate broker told me. "I don\'t think any of them are exposed to nightlife. The things that you do in your 20s, these guys were doing for the first time." At night, the crypto kids traveled in obvious packs of men dressed like boys at camp. And like boys at camp, their movements were confined to parts of town built to accommodate visitors at play. It\'s unclear whether that was for comfort or simply because they did not know where else to go. They had too much money to be spring breakers and too little idea what to do with it to be locals. They did not own white jeans, a staple of the Miami nightlife uniform, and could not tell the difference between a pretty woman flirting and one doing her job. They did, however, tip and spend well when instructed, I\'m told. Miami — ever elastic — may have bent from crowding and been tired from teaching, but it did not break. This is not to say that all the city\'s growth was built on the blockchain. There were more staid players of high finance who relocated as well . Citadel — Wall Street\'s largest market maker and undisputed victor of the pandemic cycle — moved its headquarters and ultimately hundreds of employees there from Chicago. But the real-estate broker told me there were clear differences between those heading south riding crypto cash and the more traditional finance people. Unlike the crypto kids, these traditional types showed up to view property with a family and a financial plan. It was clear that, like their employees, they were looking for a place to make a long-term deal — or, at the very least, a good school district. Privately, Miami natives laughed when the newcomers ignored their warnings about the anxiety of hurricane season and the unbearable summer heat. The newcomers — and the crypto kids, especially — believed they could master Miami as easily as they had mastered the markets. Like so many before them, they had picked the right investment and become fabulously wealthy in no time. So how hard could it be? The rhythm is going to get you In spring 2022, this recent round of Miami novices learned the same lesson as speculators throughout the city\'s history: It can literally be pretty tough, bro. After they spent two years riding high, the winds changed and the markets turned with a vengeance. Bitcoin started collapsing in March, going from a record high of over $60,000 to $16,200 by November. Miami coin fell 95% from February to May. Tech stocks big and small got pounded too. The new Miami money party started to run out of libations. The moment the music really stopped, though, was when FTX — which had been valued at $32 billion at its peak — collapsed in November and its wunderkind founder, Sam Bankman-Fried, was charged with fraud. It was a sucking sound heard across the crypto world, and other big names in the burgeoning industry — like Celsius and Gemini — were swept away shortly thereafter. In Miami, the crypto guys started disappearing from town. One bartender at a members-only beach club in South Beach, where the crypto kids tried to hold court, told me that it was a pretty quick vanishing act. They\'re all gone "because they\'re all broke," they told me. It was as simple as that. As one person who managed the jump from raising money for Wall Street to Miami crypto and then back again told me frankly: "Everyone knew SBF was a fraud, but Bernie Madoff kept the joke going for almost 20 years." The expectation, they said, was that SBF would be more adept at keeping the shell game going — he wasn\'t. Without the man CNBC\'s Jim Cramer called "the next JP Morgan," and with Washington bearing down on the industry, the crypto kings of Miami got scarce — fast. And as soon as FTX fell, the cold winds of regulation began sweeping into Miami from Washington, DC. "Sweetie, regulation means less opportunity," the former crypto fundraiser said. In interviews, leaders like Coinbase CEO Brian Armstrong will tell you that crypto welcomes regulation because it can remove uncertainty and give participants clarity on the rules of the road. But this is more of a ruse: What Armstrong and his ilk want are lax regulations. That is why crypto\'s current collapse of faith may be fatal. Regulators clearly think crypto is too volatile for big banks to handle, which will limit its growth. As things are, the small banks that were servicing the industry are failing — like San Diego\'s Silvergate — or flailing, like New York\'s Signature Bank, for lack of capital as coin prices plummet. Securities and Exchange Commission Chair Gary Gensler seems to be leaning toward officially labeling crypto a security, which could kill the industry entirely by revealing that under its thin veneer of technological innovation, there is just plain, old gambling. Knowing this, the same people who were sipping cocktails in their cargo shorts and calling Miami home in 2021 are now threatening to move their emptying empires overseas in 2023 — if they haven\'t left already. Gensler seems unmoved . "There were a lot of true believers in the Miami crypto scene. They wanted to drink the Kool-Aid," the fundraiser said. "The big boys like Peter Thiel all got out on top. The paupers just crumbled to nothing." In January, I sat with a former crypto executive at the bar in South Beach\'s Eden Roc hotel. Miami was experiencing its normal winter rush of Wall Street conferences, and we were reading faces. The crypto exec wanted to see whether Wall Street\'s rank and file had figured out what they had figured out months before — that the beach party was over. "It\'s smoke and mirrors. There\'s no real money here anymore," the former crypto exec, a third-generation Wall Streeter, said. "It\'s all gone to Dubai and Singapore." There was fear on people\'s faces where two years ago there had been greed. "You know who\'s rich in Miami?" the former crypto exec — now a naturalized Miami citizen — asked me. "The people who make windows for yachts." They\'re right. The people who survive in the city, whatever the weather, are those who make a living supporting its glamorous lifestyle. They work in nightlife, hospitality, real estate, and anything that can provide the infrastructure for revelers\' good time. Like so many speculators before them, the crypto kids came and went, barely leaving a mark in the sand. Some of the wealth that came into Miami over the past few years will stick. But just like in the wider market crash, much of it is gone forever. This is a routine the city has grown accustomed to. Nature is healing. After another tide of money rushed in and out, Miami remains sun-soaked and unbothered but always keeping one eye out for the next shift in the wind. Linette Lopez is a senior correspondent at Insider. Read the original article on Business Insider', 'Crypto businesses have warned for months that the Biden administration is quietly moving to push them out of the U.S. Now, with the collapse of three crypto-friendly banks, they say the evidence is piling up. The Federal Reserve and other top regulators are cautioning banks about crypto’s risks. The SEC is threatening to sue the largest digital asset exchange. And White House officials recently questioned whether digital tokens had any “fundamental value.” The $1 trillion crypto industry is going on the offensive against what executives say is an existential threat to "de-bank" digital asset businesses, mounting a lobbying campaign to oppose efforts to discourage lenders from taking them on as customers. “The concern is very real,” Sen. Bill Hagerty (R-Tenn.), one of several GOP lawmakers allied with the industry, said in an interview. “We’ve seen this sort of regulatory abuse before with Operation Choke Point,” the Obama-era program that pushed banks away from financing gun dealers and payday lenders. “A lot of the facts are lining up in the same manner right here, right now.” The clash marks the latest front in what is already an all-out battle between the once high-flying industry and officials in Washington that could shape the future of crypto in the U.S. European lawmakers are trying to court crypto companies, sparking concern among Republicans that the U.S. may see its reputation as a home for financial innovation diminished. The Blockchain Association, a leading advocacy group, is vowing to investigate concerns that regulators are de-banking crypto firms. Ryan Selkis, CEO of Messari, a major research firm, is pressing lawmakers to scrutinize agencies like the FDIC over claims that the fall of both Silvergate Capital and Signature Bank was connected to their crypto ties. And lawmakers like Hagerty and Rep. Tom Emmer of Minnesota, the No. 3 Republican in the House, are joining the fight . The FDIC — which along with the Fed and the Office of the Comptroller of the Currency is warning banks not to allow crypto’s risks to migrate over to the financial system — declined to comment. A spokesperson for the OCC, a national regulator, said it did not supervise Silvergate, Silicon Valley Bank or Signature. The Fed did not respond to a request for comment. Story continues Much of Washington has long been skeptical — if not hostile — toward crypto, seeing little real value in digital assets and worrying about investor protection. But the industry’s troubles multiplied with the collapse of FTX, the one-time exchange giant whose founder, Sam Bankman-Fried, has been charged with massive fraud and is alleged to have orchestrated a sweeping political influence campaign to push for lighter regulation. In the wake of FTX, lawmakers and regulators have become especially wary of the market. SEC Chair Gary Gensler, for one, is ramping up enforcement after months of calling on crypto companies to comply with securities laws. Non-compliance, he told POLITICO in January, is “part of the business model.” As the SEC cracks down, bank regulators have put lenders on notice about crypto — prompting some experts to offer blunt assessments of their intentions. The regulators are "taking actions to basically shadow ban crypto,” said John Rizzo, a former Treasury Department official who is now a senior vice president of public affairs at Clyde Group. “If you can’t access the banking system, how can you exist?” Little concrete evidence has emerged to suggest there’s a coordinated campaign to force banks to turn away crypto depositors. Yet regulators’ warnings — as well as the risks themselves — appear to be carrying weight among bank executives. Messari has had conversations with banks where “they say anything that is even touching crypto is a no-go from on high,” Selkis said. Swan Bitcoin CEO Cory Klippsten said Citigroup shut down both his company’s and his personal accounts late last year without explanation. And several banks have pulled back on their exposure to the asset class. Even executives at the since-failed Signature Bank said last year that they planned to slash the concentration of crypto-linked deposits to under 20 percent. Others like Metropolitan Commercial Bank fled the market entirely . “We see a lot of smoke,” Blockchain Association CEO Kristin Smith said. “We’re not sure where the fire is, but we want to figure that out.” The Blockchain Association recently filed information requests with the FDIC, the Fed and the OCC regarding the de-banking allegations such as account closures and firms struggling to open new accounts. The group\'s members include crypto exchange Kraken, brokerage eToro and decentralized finance platform Uniswap. None of the agencies have indicated that there is anything preventing banks from dealing with crypto clients, as long as they are operating within the law and properly managing the risks. The effort, former FDIC official Todd Phillips said, is instead about alerting banks to rising and lurking risks — basic bank supervision. “This is bank regulators doing their jobs, and it just so happens that right now the regulators have identified risks with crypto customers,” said Phillips, who is now a financial regulation consultant. Crypto firms “are clearly trying to get the banking agencies to back off by calling it something that it’s not.” The regulators’ warnings proved prescient. Just weeks after they advised banks that crypto deposits can be volatile, Silvergate, one of the industry’s leading lenders, announced it would voluntarily wind down after suffering billions in withdrawals. Both Silicon Valley Bank and Signature failed days later. But the de-banking concerns have persisted — fanned in part by former Rep. Barney Frank, a Massachusetts Democrat. Frank, an architect of the landmark Dodd-Frank reform and a Signature board member since 2015, said New York regulators’ decision to shut down the bank was tied to its crypto exposure. "The only explanation is they just wanted to send a message that banks should not be heavily or marginally involved in crypto," he told POLITICO. Frank, who says he has “always been skeptical of crypto,” argued that Signature was simply doing what banks do: operating as an intermediary for its customers. “To the extent that people choose voluntarily to migrate to crypto from traditional financing, you accommodate that,” he said. “For a bank, that’s the business you’re in.” The FDIC took over Signature as the federal government sought to cut off any contagion within the banking system. New York regulators have pushed back on Frank’s assertion that crypto played a role in Signature’s failure. In an earlier statement, a spokesperson for the Department of Financial Services said the decision “had nothing to do with crypto” but was about “a crisis of confidence in the bank’s leadership.” Even some executives aren’t buying the idea that the crypto industry is being unfairly targeted. While Swan’s Klippsten also questioned the Signature shutdown, he dismissed the idea of a coordinated conspiracy to de-bank crypto. Klippsten, who only deals in Bitcoin, points to a less mysterious theory behind why banks would be cutting off crypto depositors: Risk. Following the string of bankruptcies and fraud that rocked the market last year, including Voyager, Celsius and FTX, Klippsten said banks were naturally going to reduce their risk from the sector. In Swan’s case, Klippsten said the Bitcoin financial services company likely got caught in Citigroup’s “dragnet” as the bank pulled back. But Swan has had little trouble since, and, with thousands of banks out there, Klippsten said that as long as a company has a “solid business,” there will be a lender willing to take it on. “It might be a pain to get de-banked by Citibank with no warning like we were,” Klippsten said. “But you can literally walk next door to Chase or Wells if there’s nothing wrong with your business.', 'Crypto businesses have warned for months that the Biden administration is quietly moving to push them out of the U.S. Now, with the collapse of three crypto-friendly banks, they say the evidence is piling up. The Federal Reserve and other top regulators are cautioning banks about crypto’s risks. The SEC is threatening to sue the largest digital asset exchange. And White House officials recently questioned whether digital tokens had any “fundamental value.” The $1 trillion crypto industry is going on the offensive against what executives say is an existential threat to "de-bank" digital asset businesses, mounting a lobbying campaign to oppose efforts to discourage lenders from taking them on as customers. “The concern is very real,” Sen. Bill Hagerty (R-Tenn.), one of several GOP lawmakers allied with the industry, said in an interview. “We’ve seen this sort of regulatory abuse before with Operation Choke Point,” the Obama-era program that pushed banks away from financing gun dealers and payday lenders. “A lot of the facts are lining up in the same manne
**Last 60 Days of Bitcoin's Closing Prices:**
[23117.86, 23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-26
**Financial & Commodity Data:**
- Gold Closing Price: $1982.10
- Crude Oil Closing Price: $69.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $532,093,244,162
- Hash Rate: 335318120.4383279
- Transaction Count: 261243.0
- Unique Addresses: 594775.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Casey Rodarmortweeted that “Inscriptions are finally ready for Bitcoin mainnet” on Jan. 20, and the use of inscriptions the last two weeks sparked a big hullabaloo on Twitter between some of Bitcoin’s partisan factions.
The hullabaloo included a number of different claims:
1. That Bitcoin’s security budget problemwas accidently solved. So we wouldn’t have to worry that there would be no financial incentive to mine bitcoin in the future once the fixed supply runs out. Maybe transaction fees will be enough to incentivize miners?
2. Inscriptions would lead to blockchain spam and graffiti so uncontrollable that we are eventuallyengulfed by gray goo.
3. All these non-fungible tokens (NFT) and such on Bitcoin is just another silly fad, likecolored coins.
This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.
Rodarmor’s flint rock tweet referred to theOrdinal protocol, which introduced inscriptions to Bitcoin. The Ordinal protocol assigns each satoshi, or sat (the smallest unit of bitcoin), a sequential number. It’s a little bit more complicated than that, but only a little. Once these sats are numbered and identified, users can inscribe the sat with arbitrary data, as long as the transaction doesn’t exceed the 4-megabyte (MB) block size limit. That arbitrary data can be anything!
Afully playable versionof the first-person shooter DOOM? Sure.
A picture of aBored Ape cross-pollinated with a CryptoPunk? Fine.
A bald, sunglasses-donningTaproot Wizardre-creation of the famous MSPaint-spawnedMagic Internet Money Wizardthat once served as an advertisement for the /r/Bitcoin subreddit that takes up almost the entirety of a Bitcoin block? Sure. Fine. But why?
Why not?
If you’re thinking: “That sounds a lot like NFTs” you’re right. They do sounda lot like NFTs. Ordinal NFTs is a good term – and it’s the term I’ll stick with – but out of respect for the sensitivities of hardline bitcoiners and in the interest of being as technically correct as possible, these are probably better characterized as “artifacts.” To be sure, external links to arbitrary data have been shared in the data field of Bitcoin transactions many times. Inscriptions take it a step further so that the linked data actually exists on the blockchain.
For those lucky enough to be unfamiliar with the politics of Crypto Twitter, you should know this has stirred up a fiery controversy. There are many Bitcoin influencer types who have staked a meaningful part of their reputations on hating NFTs – as they’re a distraction andtechnologically unsound– so Ordinal NFTs haven’t been a hit with them. To their credit, no matter how much crypto pluralists have bashed Bitcoin for being a pet rock project that only does peer-to-peer, borderless, censorship-resistant transactions in a decentralized manner, being very good at that is, in fact, very good.
Expanding too far afield from that use case, which Ordinal NFTs certainly should be characterized as, could be detrimental to that use case. But that argument’s central point is more philosophical than practical.
Practically, the strictest interpretation of the Bitcoin ethos would be that it doesn’t matter what someone does with their bitcoin so long as it abides by the rules of Bitcoin's software. If I want to waste my bitcoin on coffee then some other user is free to waste it on an Ordinal NFT. The conversation should end almost immediately thereafter.
That said, there are at least two small areas of potential concern: 1) illegal data and 2) chain bloat.
On the first, inscriptions could allow illegal data to become a part of the Bitcoin blockchain – like thelinks to illegal pornographythat already exist on the blockchain, but in a more permanent way. This is an obviously terrible potential consequence of Ordinal NFTs, but there is some comfort in that there’s a technical requirement requiring a special off-chain agreement with a miner to inscribe data in excess of 1 MB. Furthermore, the Bitcoin blockchain is transparent, so the inclusion of this type of media would be met with swift investigation and punishment.
On the second, inscriptions have led to almost completely full 4-MB Bitcoin blocks. This is abnormal. Most Bitcoin blocks have not been close to the size limit. Some worry that the influx of large blocks will make it more difficult for new node participants to start up due to the immense amount of data that will accumulate over time and bloat the chain with superfluous data. This was the central battle in 2017 during theBlocksize Warsthat led to the creation ofBitcoin Cash(which has higher blocksize limits than Bitcoin) and consequentlySegregated Witness (SegWit) on Bitcoin, which, in combination with2021’s Taproot upgrade, made inscriptions possible.
Along with separating signatures from transactions – in a witness data field that can include other arbitrary data if desired – SegWit introduced the block weight, which allows more transactions to be included in the 4-MB block by theoretically discounting the size of witness data. AndTaproot made it easierto include even more data in the witness.
Everything is delicately tied together – and this is one of the reasons I think the risk of chain bloat is overblown. Since inscription data is witness data, it can bepruned, in that it’stechnically possibleto run Bitcoin softwarewithout downloading all the historical witness data. In non-technical speak, this is good because users are putting a bigger proportion of new data into a Bitcoin transaction in a spot where it slows everyone down as little as possible.
The other is that hardware gets better and cheaper over time, so even though Bitcoin’s blockchain will continue to grow in size as long as it is used, the nodes will simply capture more processing power. Such is life as a transparent, decentralized ledger.
But where the discussion of Ordinal NFT’s consequences becomes far more interesting is how these now mostly full blocks might affect Bitcoin’s transaction fee market for blockspace.
Bitcoin miners make money by validating transactions in exchange for transaction fees and ablock subsidy, which is the new bitcoin mined after each block is mined. Transaction fee rates are quoted in sat/vB, which means that the more data a transaction includes the larger the fee. There is interesting game theory at play as users are the ones who propose the fee rate to miners and blockspace is scarce due to the 4-MB size limit.
Some users opt to only propose transactions at 1 sat/vB, the lowest fee rate. For those users, it could take a while for their transactions to complete if there are lots of other users trying to do transactions. And they could theoretically never be completed since miners tend to validate transactions with higher fee rates.
With this mechanism in mind, and the fact that Bitcoin blocks weren’t really ever full until inscriptions came along, it’s probably unsurprising to read that making an Ordinal NFT is usually more expensive than a regular Bitcoin transaction. Pictures take up a lot of space especially compared to plain text.
Here’s how it could be good for Bitcoin and its security budget.
More transactions should mean more fees. Blocks full of transactions are better than blocks not full of transactions – not to mention the empty blocks (which does happen). It almost goes without saying, but a more robust transaction fee market is good for the Bitcoin network. It’s good for any financial network. Right now, miners make almost all of their money from the block subsidy, but thesubsidy will go away eventuallyleaving only transaction fees. So for Bitcoin to survive in the long term, a robust transaction fee market needs to take hold.
To that, a potential best-case scenario for the longevity of Ordinal NFTs is that they act as a buyer of last resort for blockspace. Since Ordinal NFTs are unusually large transactions, they will almost always be more expensive than normal peer-to-peer Bitcoin transactions on a per-transaction basis even if they have low fee rates. As such, there’s a chance a user who wants an Ordinal NFT might be willing to wait longer to save money by paying a lower fee rate. Then these transactions will only be included in blocks when market fee rates are comparatively low and block space is abundant.
Where that may fall apart is the potential that users don’t actually start paying a higher fee rate for peer-to-peer bitcoin financial transactions than Ordinal NFT transactions. Maybe then almost all blocks will only include Ordinal NFTs and no other types of transactions forever. I think that’s unlikely but it could happen.
As for what that means for the direction of transaction fees, Luxor’s head of content,Colin Harper(a former CoinDesker), putit well in a recent article:
There’s a good chance that ordinal NFTs alone do not increase transaction fees. Well, they could increase fees, but not in the way you might think. After all, they benefit from the SegWit data discount, so theoretically a block full of digital artifacts would actually carry fewer fees than one filled entirely with ordinary Bitcoin transactions.
I think this is spot-on and it’s how I am thinking about this until we have more empirical evidence to consider.
Sure Ordinal NFTs are fun-ish, but at the risk of sounding pompous they are so much less consequential than bitcoin’s best use case of peer-to-peer, borderless, censorship-resistant money. In all, my take is that Ordinal NFTs will be at its very best a means to strengthen the Bitcoin transaction fee market and at worst a spectacular fad that fades away with no wider negative consequences for Bitcoin.
It will at the very least be interesting to see where this takes us.
Never a dull day....
- Reddit Posts (Sample): [['u/teeman4551', "Early 20's with 100k to Invest", 50, '2023-03-26 00:41', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/', " As the heading implies, I have a decent sum of money to invest for my age 22. Still live at home don't have to pay for food or rent and my car is paid off. Might seem a little unrealistic but would hope to retire from 9-5 life in my 30's with 2.5mill. 4% return on that is 100k and anything more I earn id just reinvest to keep that number growing. I listen to a lot of Bigger Pockets Podcasts and I'm leaning towards purchasing rentals. Relatively safe and not very hands on, with a property manager. I would appreciate your input on potential opportunities and not scared to put in sweat equity up front. I have done research into 401k, stocks, IRAs, and bonds and am not overly interested. Please treat the investment as you're own and recommend any innovative ideas that you may have researched or considered. This pursuit is in addition to my regular employment. Currently, I am also putting money away 401k as a safety net if I fail in life. I also have a couple thousand split between BTC, XRP and a few other smaller cryptos.\n\nTLDR - Wanna retire from 9-5 in my 30's with 2.5mill. Currently have 100k to invest.\n\n Any advice is greatly appreciated!", 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/', '1223lxa', [['u/yksvocap', 81, '2023-03-26 01:03', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdooawz/', 'Do whatever you did to get 100k by age 22…', '1223lxa'], ['u/Slight-Muffin5654', 20, '2023-03-26 01:42', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdotlnl/', 'Fuck you for being so ahead of the game. That said, great job. Not financial advice, however have you ever checked out the Bitcoin Rainbow Chart?\n\nIt’s not “passive income” tho, like owning a rental property or REITs or owning a turnkey franchise…', '1223lxa'], ['u/ManicSheogorath', 53, '2023-03-26 07:36', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdpqcjd/', 'So just live at your parents rent free, food free until 40', '1223lxa'], ['u/674_Fox', 25, '2023-03-26 07:53', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdprri3/', 'DO NOT use a property manager. Rentals are easy to run if you have a good systems and processes. \n\nBigger Pockets is biased. I would consider holding off on buying rentals right now. \n\nIf interest rates keep going up, you may see a softening in prices. The real money is not made in rent, it’s in appreciation and tax advantages.', '1223lxa'], ['u/Open_Bad827', 77, '2023-03-26 11:38', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdq7h5i/', "Make sure you remember to live a little whilst you're young", '1223lxa'], ['u/IAmCyper', 23, '2023-03-26 12:23', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqahg1/', 'How you get the 100k😂I’m 22 in 40k debt', '1223lxa'], ['u/DrBeepers', 29, '2023-03-26 14:04', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqicpi/', 'Best advice in the thread. You can’t put a dollar amount on life experiences.', '1223lxa'], ['u/jesseowens1233', 15, '2023-03-26 16:42', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqzwn0/', 'Most likely inheritance', '1223lxa'], ['u/brasscassette', 12, '2023-03-26 19:15', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdrl75g/', 'I have a rental property, now is not a good time to get into the market. Prices are inflated and mortgage rates are high. Beyond that, you need more than a down payment to buy a house. You’ll need a steady stream of income that can afford the mortgage on its own before you’ll even get approved for a loan. Not to mention, no matter what property you buy, you’ll need to do some minor renos even if it’s just paint and that’ll run up the bill as well. You’d also need to pay for as much of the house to be brought up to code as you can afford. There are lots of hidden fees to property ownership.', '1223lxa']]], ['u/lux--__--888', 'Why owning at least 2.1 bitcoins is a good idea', 141, '2023-03-26 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/', 'There can only be 21 million bitcoins, ever.\n\nThis is already underpredicted since there are individuals that own a lot of bitcoins and there are bitcoins lost in circulation already. Invest in a little day - no reason not to.', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/', '1223tcr', [['u/Flurb789', 32, '2023-03-26 01:10', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdop7v7/', "You're off by a 0", '1223tcr'], ['u/Flurb789', 25, '2023-03-26 01:11', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdopge4/', '21,000,000/2.1=10,000,000', '1223tcr'], ['u/RobsBitcoin', 202, '2023-03-26 01:20', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoqmmx/', 'Maybe everyone should get 2.2 just to be safe.', '1223tcr'], ['u/tabovilla', 10, '2023-03-26 01:21', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoqqly/', "the math and logic on this post is completely wrong/nonsensical.\n\nif there are 21m and you hold 2.1, means you're top 10 or 1 million of holders? what!?\n\nthe relation between holding 2.1btc and how much btc there'll be, has nothing to do with where you land in the top 100/1k/1m holders list, etc; there's a distribution curve but the relation is not linear arithmetics (21m / 2.1 = 10m, so?).", '1223tcr'], ['u/llllllllllllllll12', 21, '2023-03-26 01:31', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdos3sy/', 'Awe man this is embarrassing.', '1223tcr'], ['u/ricalamino', 16, '2023-03-26 01:41', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdotdmb/', '0.1 is a good idea.', '1223tcr'], ['u/Hank___Scorpio', 34, '2023-03-26 01:53', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdouxyr/', 'The only wrong number is 0.00000000.', '1223tcr'], ['u/Nazerys', 44, '2023-03-26 03:13', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoxfv0/', 'There’s no reason 2.1 btc should be a goal. Just buy what you can comfortably afford.', '1223tcr'], ['u/MasOlas619', 13, '2023-03-26 03:26', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoz33n/', 'It’s good to have goals in life!', '1223tcr'], ['u/Nimefax', 102, '2023-03-26 03:40', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp19ul/', 'So now being a wholecoiner is not enough? Now we need more than 2?', '1223tcr'], ['u/phamtruax', 101, '2023-03-26 04:18', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp5wxz/', '21 million to be created:\n1 million retained by satoshi\n1.7 million left to be mined\n1 million Conservative lost\n1 million in the hands of mining companies, other companies and etfs\n2 million owned by coinbase\n1 million owned by other exchanges\n\nTheres basically about 14 million in the wild', '1223tcr'], ['u/Quick-Raise8119', 430, '2023-03-26 04:19', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp61b1/', 'I’m trying just to get to .10 currently at.07', '1223tcr'], ['u/lux--__--888', 89, '2023-03-26 04:22', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp6dp4/', 'Good work', '1223tcr'], ['u/Quick-Raise8119', 23, '2023-03-26 04:23', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp6j7v/', 'Thank you', '1223tcr'], ['u/GodOfOdium', 22, '2023-03-26 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp7t6g/', 'LOL', '1223tcr'], ['u/cheese4brains', 58, '2023-03-26 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp92z2/', 'I respect anyone that holds any amount of sats with conviction. The trader that moves tens or hundreds of bitcoin means nothing to me. The pleb that holds their stack like life depends on it, now that’s someone I’d share a beer with.', '1223tcr'], ['u/anonidiot88', 140, '2023-03-26 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp95bs/', 'My goal is to have more tomorrow than I have today.', '1223tcr'], ['u/scabbymonkey', 68, '2023-03-26 05:06', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpbp5y/', 'So my conversation goes. Do I want my favorite $19.75 burrito? or do i want 71,499 sats.\nDo i need another 59.00 game or do i want 217,177 sats.\nCan I hold off on a new car till next year and save $600 month or do i want 2,172,132 sats?\n\nThis is how it goes. So Say We All.', '1223tcr'], ['u/dasgreybanana', 32, '2023-03-26 05:59', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdphcwd/', 'Stacking sats is the better than Pokemon. Gotta catch em all', '1223tcr'], ['u/PsychCrypto', 83, '2023-03-26 06:03', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdphr4u/', 'You greedy fuck', '1223tcr'], ['u/dubauoo', 29, '2023-03-26 06:08', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpi93g/', 'One cookie now two cookies later -The BTC Std', '1223tcr'], ['u/ChiillBoi', 72, '2023-03-26 06:17', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpj7ys/', 'No way I’m at 0.07 with the goal of 0.10 too 😂, I’m actually not even kidding lol', '1223tcr'], ['u/johndavismit', 11, '2023-03-26 06:25', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpjyzl/', 'The last episode of pokemon aired today. RIP my childhood.', '1223tcr'], ['u/missyany', 15, '2023-03-26 06:38', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpl945/', "I'm trying to get to 0.20. Right now, I'm at 0.12. Let's keep going :)", '1223tcr'], ['u/nateworthy42', 11, '2023-03-26 07:09', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpo1cv/', 'Or maybe 2.3.', '1223tcr'], ['u/freeridevt', 102, '2023-03-26 07:09', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpo20n/', 'Inflation \nLol', '1223tcr'], ['u/animuz11', 10, '2023-03-26 07:11', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpo9ej/', 'If that happens,, bitcoin will probably forked and made quantum resistant and everyone proceed on the forked chain.', '1223tcr'], ['u/CJohnstone90', 37, '2023-03-26 07:13', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpoge9/', 'I’m at .01 working toward .025 lol', '1223tcr'], ['u/CrypticC2', 13, '2023-03-26 07:32', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpq19b/', 'I think they estimate 3-4 million have been lost', '1223tcr'], ['u/cryptonatix', 13, '2023-03-26 07:34', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpq6bf/', 'If my grandmother had wheels, she would have been a bike…', '1223tcr'], ['u/SqueeMcTwee', 32, '2023-03-26 08:03', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpsijo/', 'It’s taken me two years to get to .15 (granted, I had to take some for a deposit on an apartment; at that point I had .25.)\n\nKeep stacking sats, brother!', '1223tcr'], ['u/Pilifo006', 12, '2023-03-26 08:04', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpsm53/', '23 would be even better.', '1223tcr'], ['u/Vegas21Guy', 12, '2023-03-26 08:43', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpvhe1/', '>Then proceeds to not explaining why an arbitrary amount is good.\n\nNext up, "Why owning at least 19.1455 bitcoins is a REALLY good idea"', '1223tcr'], ['u/Permtacular', 18, '2023-03-26 09:08', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpx7pk/', "I have a friend who uses the strike app to purchase $1 every hour automatically. Personally I just buy what I can when I feel it's dipped a good amount.", '1223tcr'], ['u/ForcedLoginIsFacism', 14, '2023-03-26 09:50', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdq03ts/', 'Have fun with the taxes is there is no fully automated tool', '1223tcr'], ['u/Patient_Exercise9123', 27, '2023-03-26 10:14', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdq1riu/', 'Theres way more than 1M lost lol.\n\n&#x200B;\n\n3-4M MINIMUM.\n\n&#x200B;\n\nYou have no idea of how many people lost 200-300 BTC in 2009/2010.................... lol', '1223tcr'], ['u/murram20', 19, '2023-03-26 10:30', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdq2v6u/', '0.025 is larger than 0.01', '1223tcr'], ['u/bittabet', 13, '2023-03-26 10:48', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdq42rf/', 'Damn you got some pricey burritos', '1223tcr'], ['u/Argyrus777', 15, '2023-03-26 11:30', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdq6xjr/', 'Times are hard 🤣', '1223tcr'], ['u/EatethThyButt', 22, '2023-03-26 13:53', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdqhcwh/', "Because not everyone can drop 28k on 1? Small goals are easier to achieve than big goals, keep hitting those small goals and eventually you'll have 1.", '1223tcr'], ['u/Askk8', 10, '2023-03-26 16:46', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdr0g42/', 'I’m on 0.1 on my way towards 0.005 after a few bad investments during next bullrun', '1223tcr'], ['u/GetEmDaddy902', 16, '2023-03-26 18:29', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdrel80/', 'Honestly brother made a post two weeks ago about hitting this goal, actually did it the day my daughter was born at that and then BTC pumped for ten straight days to 28k 😁\n\nYes yes yes 💯 she was the reason for the recent pump we had 🤣\n\nCongrats on having a goal and plan and sticking to it.....made me feel real good seeing someone else being humble having the same goal to reach and not saying 10BTC.', '1223tcr'], ['u/RattleGoreBitcoin', 11, '2023-03-26 19:19', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdrlszn/', 'congrats pls have more babies so we keep pumping', '1223tcr']]], ['u/Sylerb', 'Have you bought ARB yet or still waiting for things to cool down?', 13, '2023-03-26 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/', "Based on Arbitrum current TVL and its overall performance, I think the project's token has the potential to moon once we have a clear bull market signal.\n\nLet's not forget that investors like to speculate on newer projects during a new bullrun, and like many people bid on OP and Aptos during btc's move to 24k despite their shitty tokenomics(huge vesting unlocks) , I think that most of them will be speculating on ARB next.\n\nDo you think that at the current circumstances it will be worth buying? It held the 1.2$ support well so far despite the massive sell-off by retail, and the volume is down to like 1.3B$ from a peak of 3.8B$ so I'm guessing most eligible to the airdrop already claimed.", 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/', '12240pn', [['u/GMEthLoopring', 14, '2023-03-26 01:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdoo2ne/', 'I got airdropped 875\n\nSold them for moons lol', '12240pn'], ['u/flyfreeflylow', 19, '2023-03-26 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdook6w/', "Learned not to FOMO, so not buying any. We're too late.", '12240pn'], ['u/BaconIsBueno', 11, '2023-03-26 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdooygf/', 'Agreed. Congrats to airdrop wallets but I didn’t get any and won’t be buying any either.', '12240pn'], ['u/BaconIsBueno', 10, '2023-03-26 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdop46n/', 'I personally don’t give a damn about a governance token. Looking for different types of utility from my investments than that.', '12240pn'], ['u/Bucksaway03', 118, '2023-03-26 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdoqi8m/', "I'm gonna wait and never buy", '12240pn'], ['u/PEdorido', 27, '2023-03-26 01:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdotzmt/', "Why would I buy it over ETH or BTC? FOMO isn't the best advisor.", '12240pn'], ['u/astockstonk', 13, '2023-03-26 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdount1/', 'If I buy it, it will bleed 80% over the next 6 months. \n\nSo I won’t and will do all ARB holders a favor', '12240pn'], ['u/token-eater', 11, '2023-03-26 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdov57g/', 'I sold the airdrop for Atom, and I just have it staking, collecting interest. I find the passive income better than just staring at charts all day, when I could be having fun in life doing something else.', '12240pn'], ['u/achaldu', 21, '2023-03-26 01:58', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdovjfa/', 'The most successful L2 chain. It’s 4th by TVL. \n\nHas 10x the TVL of solana. 2x that of polygon. And the best UX. \n\nIt’s trading algonside the worthles shit like vechain and ape and majority here are fuding it. \n\nIt’s a fresh token with no generational bag holders. \n\n\nWhen this inevitably reaches top 10 ppl who sold the airdrop will rope. They treated like a hot potato and crashed the network to sell. \n\nMax pain is up. \n\nMost clear trade I haver ever seen in a long time.', '12240pn'], ['u/stupidcupid112', 18, '2023-03-26 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdow8hj/', "This. People should realise that $ARB is just a governance token. It's not designed to be used as a gas, unlike $Matic or $lrc.\n\nThe gas on arbitrum chain is still gonna be Eth. So unless you are a whale who wants to influence governance DAO, there's no use for a token like $ARB.", '12240pn'], ['u/BananaBubbleGum', 14, '2023-03-26 03:11', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdoxavm/', 'ARB is a pure governance token, not used for gas, it also cannot be staked. At 1.2$, it has a FDV of 12 Billion Dollars, for comparison, MATIC has a FDV of 10 Billion.\n\nIf it drops under 0.8$, I might consider it.', '12240pn'], ['u/misteryk', 18, '2023-03-26 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdoxiek/', 'imagine buying crypto because it does something', '12240pn'], ['u/unitys2011', 27, '2023-03-26 03:21', 'https://www.reddit.com/r/CryptoCurrency/comments/12240pn/have_you_bought_arb_yet_or_still_waiting_for/jdoyjso/', 'I’m gonna wait and buy at ATH before it dumps again like always', '12240pn']]], ['u/Hfifm4', 'Why you really DON’T want BTC to hit $1 million in the next 90 days.', 162, '2023-03-26 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/', 'Lately, there have been a lot of headlines talking about BTC reaching 1 million dollars in only around 90 days from now. While it makes for good clickbait and the illusion of max bull hopium off of BTC’s first macro rally since the ATH, I want to go into why YOU and I wouldn’t want BTC to rally to 1 million in the short-term, at least not in the way it’s allegedly going to happen.\n\nFirstly, calls for this valuation may not have originated from where you might expect. Sure, plenty of degens on YouTube, TikTok and even in this subreddit have called for something like this before (esp during the peaks of the last bull market), but the idea that BTC would hit this value in the next 90 days originated from Balaji Srinivasan, a former CTO of Coinbase and a respected and reputable name in the crypto space. In fact, he even correctly forecasted the crisis that unfolded in 2020 not too long before it actually happened. \n\nSo a respected name and someone with a good track record who is believed to have a reasonable head on his shoulders is loudly calling for this, and even put $2 million of his own money down betting it will come true. What gives /u/hfifm4? Why shouldn’t I get excited by someone with potential inside knowledge turning super-bullish?\n\nHere’s the catch; Balaji isn’t betting that Bitcoin will do a standard 40X rally in some new “super bull market,” rather, he’s betting that the US dollar will hyper-inflate and become COMPLETELY worthless in the next three months. \n\nIn this sort of reality, EVERYTHING RALLIES tens’ to hundreds’ of percent from its currently value, because what’s really happening ISN’T what you think. The underlying assets aren’t actually gaining any value. Today’s “$5 coffee” might cost anywhere from a few hundred to a few hundred thousand dollars in tomorrow’s money. \n\nYou wouldn’t actually be able to buy anything then that you couldn’t buy now. \n\nIn fact, if hyperinflation were to hit at that sort of unprecedented level and we were to see the collapse of a multi-trillion dollar economy, Life as we know it would fall apart. Good luck celebrating BTC being worth $1 million hyper-inflated-useless-dollars while the USA (and the rest of the world) would probably fall into immediate pandemonium with wars and shootouts for basic resources. In those circumstances, actually, it’s more probable that BTC would LOSE VALUE relative to most tangible goods.\n\nLASTLY, for Balaji to be right, the hyperinflation would have to outpace the most well-known case of hyperinflation - The Weimar Republic and the German Mark - by 800%. What took 2 years and resulted in complete catastrophe of a nation and ultimately led to the beginning of WWII, is just supposed to casually happen that much faster in the USA with little to no repercussions right? But hey, at least the little number in my robinhood and binance account might moon 🚀\n\nTL;DR: Be careful what you wish for, and read the fine print of clickbait article titles.', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/', '1224gm9', [['u/Blooberino', 33, '2023-03-26 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/jdoqaqn/', "If BTC hits $1million by June, I'm selling and will buy back at $70k.", '1224gm9'], ['u/Justreadingcomment', 43, '2023-03-26 01:22', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/jdoqx95/', 'If BTC hits $1mill something has gone terribly wrong with the world or US.', '1224gm9'], ['u/Shaz170', 35, '2023-03-26 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/jdou2dw/', "If it hits a million in the next 90 days I will, for real, fry my testicles and post them on here.\n\nNow 91 days - that's a realistic target.", '1224gm9'], ['u/Hfifm4', 12, '2023-03-26 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/jdoupkk/', 'TIL 90% of commenters don’t read posts on this subreddit', '1224gm9'], ['u/redthepotato', 32, '2023-03-26 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/1224gm9/why_you_really_dont_want_btc_to_hit_1_million_in/jdows8w/', 'Not surprising when 3% pump is celebrated as "to the moon" and 3% dump is "oh no crypto winter"', '1224gm9']]], ['u/ztrz55', 'Bitcoin can do around 200 million on-chain transactions per year. How do we onboard 7 billion people?', 19, '2023-03-26 01:37', 'https://www.reddit.com/r/Bitcoin/comments/12255tf/bitcoin_can_do_around_200_million_onchain/', 'Lightning is awesome. I use it all the time. It requires an on-chain transaction. It would seem at most we could get 200 million people on lightning per year. \n\nHow far along are channel factories or any other technology to allow for this? \n\nIt would seem right now, bitcoin could only be realistically used for one country like the US alone given the population vs on-chain transaction capability. \n\nThanks for any thoughts, ideas or help.', 'https://www.reddit.com/r/Bitcoin/comments/12255tf/bitcoin_can_do_around_200_million_onchain/', '12255tf', [['u/Wonkerer', 25, '2023-03-26 03:27', 'https://www.reddit.com/r/Bitcoin/comments/12255tf/bitcoin_can_do_around_200_million_onchain/jdozaox/', " lightning is capable of handling millions of transactions per second and that's what is going to be used by the world", '12255tf'], ['u/ztrz55', 13, '2023-03-26 03:36', 'https://www.reddit.com/r/Bitcoin/comments/12255tf/bitcoin_can_do_around_200_million_onchain/jdp0pl9/', 'You have to get on first. That is a bottleneck.', '12255tf'], ['u/5pesonotephp', 10, '2023-03-26 06:03', 'https://www.reddit.com/r/Bitcoin/comments/12255tf/bitcoin_can_do_around_200_million_onchain/jdphto8/', 'Why is this so downvoted? It’s a honest question from someone legitimately interested in bitcoin posting on the bitcoin subreddit. It’s not FUD. I swear the vast majority of reddit users have pathetically weak emotional maturity.', '12255tf'], ['u/longonbtc', 22, '2023-03-26 06:41', 'https://www.reddit.com/r/Bitcoin/comments/12255tf/bitcoin_can_do_around_200_million_onchain/jdpli7g/', "A separate on-chain transaction will not be required for each lightning channel being opened/closed in the future. Bitcoin and Bitcoin's second layer protocols are still being developed, and that development never stops. Some of the potential solutions that are currently being developed are channel factories, sidecar channels, inherited IDs, and statechains. I've included links to their papers below. And I'm sure that more potential solutions will be developed in the future.\n\nhttps://nakamotoinstitute.org/static/docs/scalable-funding-of-bitcoin-micropayment-channel-networks.pdf\n\nhttps://lightning.engineering/lightning-pool-whitepaper.pdf\n\nhttps://github.com/JohnLaw2/btc-iids/blob/main/iids14.pdf\n\nhttps://essay.utwente.nl/80780/1/Wijburg_MA_EEMCS.pdf\n\nAnd Bitcoin's block size limit could safely be increased a bit sometime far off in the future, but that would require consensus, so that may never happen.", '12255tf']]], ['u/Btwn3n20char', 'ETH:? as BTC:?', 30, '2023-03-26 01:37', 'https://www.reddit.com/r/ethereum/comments/12255yg/eth_as_btc/', 'I do believe both BTC and ETH serve a purpose and I would like to see how others view this question: \n\nBTC is to ? as ETH is to ?\n\nMy personal view, which I could see arguments for and against:\n\nBTC:Gold as ETH:Oil\n\nand/or\n\nBTC:Land as ETH:Resources\n\nThoughts or other takes?', 'https://www.reddit.com/r/ethereum/comments/12255yg/eth_as_btc/', '12255yg', [['u/domotheus', 27, '2023-03-26 03:00', 'https://www.reddit.com/r/ethereum/comments/12255yg/eth_as_btc/jdovvg9/', "It's hard to accurately define it with a quick analogy, but yeah the closest is probably Gold vs Oil, but it's still not quite accurate IMO\n\nA big difference people don't realize is Bitcoin-the-asset is the primary thing in focus: store of value, hard money, uncontrollable, uncensorable, etc. Then Bitcoin-the-blockchain is kind of a necessary means to protect the asset and give it the desired goals we want the asset to have.\n\nBut in Ethereum's case, the blockchain comes first: an entire economy runs on top of it that doesn't necessarily have to care about Ether-the-asset. ETH as an asset just has the purpose of securing this blockchain by being the collateral asset you use for staking and the currency you have to pay gas fees in (which is a nice feedback loop with the fee burn and increased staking yield)", '12255yg'], ['u/singlefin12222', 20, '2023-03-26 06:42', 'https://www.reddit.com/r/ethereum/comments/12255yg/eth_as_btc/jdpln35/', 'Bitcoin does not serve a purpose anymore although it was an awesome early prototype.\n\nBitcoin is to Ethereum as a:\n- pocket calculator is to a smartphone, in terms of functionality \n- as the Writght Flyer to a modern airplane, in terms of security \n\nBitcoin lost its technical talent. The narrative is:\n\n- 21 million\n- Protocol never change is good/ complexity bad\n- Lightning\n\n**21million**\nIts has been widely acknowledged that 21million is not going to be the limit see this paper: https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf\nThis is the reason why all modern blockchains have no expiration for blockrewards. Bitcoin will introduce tail emissions or collapse under reorgs.\n\n\n**Protocol never change is good/ complexity bad**\nSoftware has bugs. Early prototypes have design flaws. Most importantly if a zero-to-one innovation (like touring completenes) comes around you need to adapt. What makes us humans special is that we can build complex systems secure. This is why we live in skyscrapers not caves and fly to the moon.\n\n**Lightning**\nMany issues but the easiest way to understand how ridiculous it is: at 7tps there is not enough time for every human to open and close a lightning channel in their lifetime. \n\n\nIn summary:\nBitcoins narrative rests one 3 pillars that are broken for technical reasons and its basically hopeless unless a lot of great minds join the ecosystem to fundamentally change things. The reason why its #1 rn is the strong and simple narrative. But it will collapse either with time when block rewards dwindle or with any sort of real adoption and rocketing fees and lack of functionality that other chains provide.', '12255yg']]], ['u/jumbo_bean', 'Game Over: Hyperinflation and the end of the USD$?', 316, '2023-03-26 03:24', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/', 'Balaji Srinivasan recently made a bet that the US dollar will hyper-inflate in the next three months. He’s alluding the house of card crumbling \n\nHere’s his tweet. \nhttps://twitter.com/balajis/status/1636822077775941633?s=46&t=qQb7qUe7V61N-UTFWDkUEA\n\nHere’s a recent Bankless episode \nhttps://spotify.link/j9BQ29Yatyb\n\nHis claim “the dollar holder is the bag holder” - because the entire financial system is completely cooked, as we all well know - and that people should buy Bitcoin, exit the fiat system and migrate to a non-custodial crypto economy.\n\nI have been holding since the sneeze 🤧, have DRS’d and am not about to sell. I do wonder though, what is on the other side? If the whole US dollar becomes chicken feed, and the system is completely cooked, what’s a tendy worth when the dust settles?\n\nWill GameStop convert shares into crypto assets? What’s the logic to weather the storm? I can hardly remember my Computer Share login. I’ve just been planning to hold through the whole thing thinking GME shares would be a safer asset than any amount of chicken feed dollar coins. \n\nI’ve not kept up with DD and Superstonk. Can y’all direct me to the latest? \n\n💎', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/', '1226o93', [['u/2q_x', 41, '2023-03-26 03:44', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp1plr/', 'No. The largest recipients of tether are US based. BTC is cooked.\n\nYou can trade derivatives for BTC, LNG/Coal futures, FX swaps, rate swaps, and carbon offsets all on the same market: the Chicago Mercantile Exchange (CME). There is only one party with the tech to trade across crypto exchanges and the above markets, and his crypto shop is the largest solvent recipient of tether.\n\nThere is a MSM push to get institutional or large investors into BTC right now, because all the smaller bucket shops have been liquidated, but it\'s not going to end well with Fidelity, Nasdaq and BNY Mellon jumping in.\n\nThey\'re going to rug the ETH as a "security". And they\'re never going to let people withdraw BTC. \n\nThey\'re just building a bigger bucket shop.', '1226o93'], ['u/Zestyclose_Meet1034', 12, '2023-03-26 03:44', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp1r5x/', 'Yes OP, hyperinflation is happening 🔥', '1226o93'], ['u/GxM42', 33, '2023-03-26 03:58', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp3g6i/', 'Maybe the USD, will be worth less. But you’ll have more of it. You’ll make it.', '1226o93'], ['u/justanthrredditr', 20, '2023-03-26 04:07', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp4lpe/', 'Hard disagree. BTC isn’t perfect, but at least there’s a set amount and you actually own an asset rather than hold a liability from the fed. Plus the supply is fixed!', '1226o93'], ['u/justanthrredditr', 11, '2023-03-26 04:07', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp4mkx/', 'Anywhere and then transfer it onto a wallet. Leaving it on an exchange leaves you open to FTX type problems if the exchange shuts down. Own you assets on your wallet if you want to participate in Defi.', '1226o93'], ['u/ishmaeltheregarded', 62, '2023-03-26 04:21', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp6caw/', 'I implicitly address exactly this question in the Long Long Game. Feel free to hit me up with any questions', '1226o93'], ['u/613Flyer', 23, '2023-03-26 04:25', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp6skv/', 'Agree. Once they got into BTC you could start seeing the obvious manipulation happening. All the old price trends of BTC started going away. If you start seeing a push by msm to jump into btc and you fall for it then you haven’t been a member of this sub long enough to see an obvious trap', '1226o93'], ['u/LiquidZebra', 24, '2023-03-26 04:28', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdp76k3/', 'Have you tried to buy crypto recently? It’s fkin impossible, no matter how much you verify your identity, the bank will simply deny your funds transfer.\n\nCredit cards, debit cards, direct bank transfer - doesn’t matter. Cash Bitcoin ATMs have like 1500$ limit, still needs another app and will not send you try BTC directly. \n\nI got this friggin empty crypto wallet and I can’t fill it up.', '1226o93'], ['u/ambassador321', 21, '2023-03-26 05:03', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdpbd80/', 'You should link it here', '1226o93'], ['u/ishmaeltheregarded', 43, '2023-03-26 05:11', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdpc6l0/', "You're right. I was being lazy as I'm on my phone. Here it is https://www.reddit.com/r/Superstonk/comments/11wl4yf/the_long_long_game", '1226o93'], ['u/wrong_usually', 14, '2023-03-26 05:38', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdpf67a/', "I'm pretty sure that if the Fed printed enough money to give 80% of the poorest Americans $5,000 it would take at least 3 months to see the rise in prices.", '1226o93'], ['u/karasuuchiha', 16, '2023-03-26 05:54', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdpgw7o/', 'Mastercard on GameStops wallet works', '1226o93'], ['u/Quick-Raise8119', 10, '2023-03-26 06:15', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdpiytm/', 'Brass lead, fluorocarbon, and GME', '1226o93'], ['u/Yeginvest', 14, '2023-03-26 08:22', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdptxx5/', 'While I agree that people who keep their BTC on cold wallets actually have a piece of the supply, I highly highly doubt there are protocols in place to prevent exchanges from creating naked BTC, just like they do with stocks. And the unfortunate reality is that the majority of crypto investors use these exchanges because they’re a) convenient and b) they don’t know any better.\n\nI say this as a BTC investor myself.', '1226o93'], ['u/peruvian_bull', 43, '2023-03-26 10:19', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdq24ba/', 'Thanks fam :)', '1226o93'], ['u/GL_Levity', 12, '2023-03-26 12:38', 'https://www.reddit.com/r/Superstonk/comments/1226o93/game_over_hyperinflation_and_the_end_of_the_usd/jdqbhrn/', '[Nah fam. Thank you. ](https://i.imgur.com/c5oKuh8.jpg)', '1226o93']]], ['u/Flurb789', 'How long do you think Bitcoin was in development before the genesis block was mined?', 131, '2023-03-26 03:51', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/', 'It still boggles my mind how Satoshi thought of (almost) every possible angle. This thing must have been developed over many years. What do you think?', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/', '1227dku', [['u/sonartxlw', 190, '2023-03-26 04:41', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdp8ry3/', 'Satoshi specifically mentioned standing on the shoulders of giants like Szabo and taking the time to consider scale before introducing to the cypherpunks. I’d say 1-2 years of direct development but probably 8-10 years of mental architecture', '1227dku'], ['u/igadjeed', 77, '2023-03-26 05:06', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpbnbt/', "May 2007 \nhttps://satoshi.nakamotoinstitute.org/emails/ \n\n> Satoshi Nakamoto satoshi at vistomail.com Mon Nov 17 12:24:43 EST 2008 \n> I believe I've worked through all those little details over the\nlast year and a half while coding it", '1227dku'], ['u/Flurb789', 16, '2023-03-26 05:08', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpbvao/', 'Hey cool...thanks', '1227dku'], ['u/igadjeed', 11, '2023-03-26 05:08', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpbvjz/', "> thought he came up with it after 2008 crash\n\nWhy? It's a P2P payment method, not a solution to global finance \nHe began working on it during the E-gold criminal trial \nhttps://en.wikipedia.org/wiki/E-gold", '1227dku'], ['u/Abundance144', 13, '2023-03-26 07:04', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpnlzg/', 'You can just go ask Craig Wright\n\n/s', '1227dku'], ['u/Corbimos', 37, '2023-03-26 07:26', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdppjct/', 'Decades. This is one of my favorite images on Bitcoin. \n\n[Bitcoin pre history](https://www.bitcoinandmarkets.com/content/images/size/w1000/2021/03/Prehistory-20210312.png)', '1227dku'], ['u/No-Mission-962', 55, '2023-03-26 07:40', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpqply/', 'Yes, many forget about this mental architecture. Like for instance if I want to work on any project in my personal life, I will think about the timeline and structure of the project in my mind and it will play out in my mind for couple of weeks or even months before I put anything down on paper etc.', '1227dku'], ['u/No-Mission-962', 12, '2023-03-26 07:43', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpqye1/', 'Also after seeing E-Gold, I can clearly see why Satoshi decided to remain anonymous. The USA would have made an example out of him.', '1227dku'], ['u/NervousNorbert', 11, '2023-03-26 08:18', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdptmde/', "That's just popular narrative. He didn't design and implement bitcoin in anger over a financial crisis in just a few months in 2008. Bitcoin just happened to be ready by that time, which was a stroke of luck and made for a relevant genesis block message.", '1227dku'], ['u/KAX1107', 154, '2023-03-26 08:29', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpufj0/', '>This thing must have been developed over many years\n\n“I’ve been working on bitcoin’s design since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it.”\n\nMany of the ideas that contributed to the invention of bitcoin came from [40 years of research](https://pbs.twimg.com/media/DWOMvcfV4AE4I6Y?format=png&name=4096x4096) by cypherpunks. In the mid 00\'s, most cypherpunks had become weary from all the failed e-currency projects so the initial reception for the whitepaper wasn\'t that enthusiastic for a few days.\n\nPeople started paying attention when Satoshi said he had already coded everything up because, “I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper.” Satoshi pointed out that all the prior ideas failed only because they had central points of failure, "A lot of people automatically dismiss e-currency as a lost cause... I hope it\'s obvious it was only the centrally controlled nature of those systems that doomed them... Governments are good at cutting off the heads of centrally controlled networks but pure P2P networks can hold their own" and he also talked about how bitcoin fixes the root problem of conventional currency.\n\n“The root problem with conventional currency is all the trust that\'s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.\n\nProof-of-work has the nice property that it can be relayed through untrusted middlemen. We don\'t have to worry about a chain of custody of communication. It doesn\'t matter who tells you a longest chain, the proof-of-work speaks for itself. The proof-of-work chain is the solution to the synchronisation problem, and to knowing what the globally shared view is without having to trust anyone.”\n\n— Satoshi Nakamoto\n\n&#x200B;\n\n>before the genesis block was mined?\n\nThe genesis block was hardcoded into the original client. It wasn\'t mined like every other block. Someone had to create the genesis block and since Satoshi did, he made sure it could never be spent. The first block was mined only 6 days later after the client was publicly available to everyone on SourceForge, the most popular FOSS website of the time. We don\'t know who mined block 1.\n\nThere was two months between Satoshi releasing the source code and the client during which anyone could have compiled their own client and released bitcoin. All Satoshi wanted to do was unleash the idea and disappear never to be seen again. The fact that someone could change the world by the power of his ideas never revealing himself or seek personal credit, fame or fortune, it\'s a truly superhuman example for the rest of us to aspire to.', '1227dku'], ['u/m1klosh', 17, '2023-03-26 08:58', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdpwkom/', 'best quality:\n\nhttps://pbs.twimg.com/media/FdgOEr2WIAAuj0i?format=jpg&name=large', '1227dku'], ['u/biscottigelato', 20, '2023-03-26 11:52', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdq8eq5/', 'Man that was poetry ❤️❤️❤️', '1227dku'], ['u/LordKorhag', 37, '2023-03-26 12:25', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdqamqi/', 'Sometimes you start doing the mental architecture part without even noticing. :)', '1227dku'], ['u/TheRidgeAndTheLadder', 14, '2023-03-26 12:50', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdqcdl2/', 'Always the case for anything that turns out to be worthwhile.', '1227dku'], ['u/Just1_More', 12, '2023-03-26 14:52', 'https://www.reddit.com/r/Bitcoin/comments/1227dku/how_long_do_you_think_bitcoin_was_in_development/jdqmvl4/', 'Thank you for helping educate!\n\nI find some of the greatest misinformation about Bitcoin around this sub is Bitcoin history. Too many people think the GFC happened, and BOOM Satoshi decides to create Bitcoin, as if it was just that easy.\n\n[Timeline](https://twitter.com/AnselLindner/status/993498723853352960?t=6qbCQFBpP0_Tspr6zSG_Jg&s=19)', '1227dku']]], ['u/LaundrySauce110', 'BTC to reach $100,000 USD by Q10 2021 - an analysis:', 460, '2023-03-26 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1228ecl/btc_to_reach_100000_usd_by_q10_2021_an_analysis/', "Hello all,\n\nAs we have all seen, the cryptocurrency market has once again entered a bull market, proceeding last month's bear. During this time, I have spent countless hours (roughly 7 and a half minutes) analyzing bitcoin's price trends and charts and have concluded that $100k BTC is on the table for Q10 2021.\n\nHere's my analysis:\n\nFirst off, we have seen massive gains in price in the past few weeks.\n\n[don't look at the rest of the chart pls](https://preview.redd.it/3gul7bfwuzpa1.png?width=942&format=png&auto=webp&v=enabled&s=b3c78bcde1fbb24f51802fba8f63acd637434663)\n\nIf we zoom in and look at this growth closer, we see this:\n\n[big green circle in the middle\\*](https://preview.redd.it/dff3zll1vzpa1.png?width=931&format=png&auto=webp&v=enabled&s=a9d8c5970a7f564dd6d9022b7c85698587b3014a)\n\nNow take a good look at this. What does it look like?\n\n[f\\(x\\) = 2\\^x](https://preview.redd.it/4wn91kw7vzpa1.png?width=507&format=png&auto=webp&v=enabled&s=47b2e81a1aea88f665c50f8c61b73e4dc0b6a206)\n\nExponential growth. \n\nAs most of us know end behavior from algebra, as X approaches infinity (in this case time), f(x) approaches infinity (in this case price).\n\nThis means that, if time is measured in months, the price of bitcoin should double once per month, meaning by April, we should see price action upwards of $50k, and finally $100k in May (Q10 2021). \n\nYet, it gets better:\n\nAs stated before, the end behavior of this exponential growth means that as time approaches infinity, price will approach infinity. Doubling every month for the next two years, we should expect a price of $458,286,432,256, making those who hold 1 bitcoin have a greater net worth than that of Elon Musk. \n\nThis is a once in a lifetime investment opportunity. Be ready. \n\nTL:DR:\n\nBitcoin price will double every month starting now due to the exponential price gain of BTC. This means that in the next two months, we should expect bitcoin to hit a price target of $100k USD.\n\nThank you for taking the time to read my analysis. I will be keeping everyone up to date with future price action.", 'https://www.reddit.com/r/CryptoCurrency/comments/1228ecl/btc_to_reach_100000_usd_by_q10_2021_an_analysis/', '1228ecl', [['u/Probably_notabot', 39, '2023-03-26 05:26', 'https://www.reddit.com/r/CryptoCurrency/comments/1228ecl/btc_to_reach_100000_usd_by_q10_2021_an_analysis/jdpdwgt/', 'HOT DAMN! Now this some legitimate analysis I can get behind.', '1228ecl'], ['u/Many_Arm7466', 17, '2023-03-26 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/1228ecl/btc_to_reach_100000_usd_by_q10_2021_an_analysis/jdpe3hi/', '1 Btc = 1 Btc', '1228ecl'], ['u/yaroslavwwe', 13, '2023-03-26 05:28', ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea, March 27, 2023 --( BUSINESS WIRE )-- Haru Invest , a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee, CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania. The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005036/en/ Contacts SHIFT Communications Darren Weiss [email protected]', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea, March 27, 2023 --( BUSINESS WIRE )-- Haru Invest , a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee, CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania. The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005036/en/ Contacts SHIFT Communications Darren Weiss [email protected]', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea , March 27, 2023 /PRNewswire/ -- Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania . As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. Haru Invest logo "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee , CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania . The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2.27 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications Darren Weiss [email protected] SOURCE Haru Invest', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea , March 27, 2023 /PRNewswire/ -- Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania . As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. Haru Invest logo "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee , CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania . The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2.27 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications Darren Weiss [email protected] SOURCE Haru Invest', 'By Sinéad Carew NEW YORK (Reuters) - Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues. And on Saturday Bloomberg News reported that U.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, easing concerns about contagion. U.S. Treasury yields rose on optimism that stress in the banking sector could be contained, and as the Treasury Department saw soft demand for a sale of two-year notes. The S&P 500 bank index, after closing down more than 22% for the month-to-date on Friday, finished up 3% on the day. In Europe, Deutsche Bank shares rose 6% after falling sharply on Friday with fears spreading to the United States after the cost of insuring its debt against default jumped. "The main driver to (Monday\'s) sentiment has been the banking news over the weekend," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Citing the First Citizens deal and the potential for expansion of emergency U.S. lending, James said there was a "sigh of relief" on Monday for the banking sector "which has had a giant anchor around its neck for the last three weeks." While the weekend\'s news helped Monday\'s mood, it did not completely dispel concerns about the bank sector and the impact of higher interest rates on the global economy, which has also been struggling with stubbornly high inflation. For the underperformance of rate-sensitive sectors such as technology on Monday, James pointed to an increased probability that the U.S. Federal Reserve would raise interest rates in May compared with Friday\'s expectations. The central bank has been raising rates for a year as it battles inflation. "The greater the likelihood of no additional bank failures the easier potentially it would be for the Fed to continue rate hikes," James said. The Dow Jones Industrial Average rose 194.55 points, or 0.6%, to 32,432.08, the S&P 500 gained 6.54 points, or 0.16%, to 3,977.53 and the Nasdaq Composite dropped 55.12 points, or 0.47%, to 11,768.84. The pan-European STOXX 600 index earlier closed up 1.05% while the MSCI\'s gauge of stocks across the globe gained 0.23%. Story continues Emerging market stocks lost 0.84%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.88% lower, while Japan\'s Nikkei rose 0.33%. DOLLAR FLAT The dollar rose to a five-day high against the Japanese yen on Monday as authorities\' efforts to rein in worries over the global banking system helped soothe investor nerves. The greenback traded in a narrow range against most major currencies as investors appeared hesitant to place big wagers as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the Credit Suisse rescue last week by rival UBS. U.S. depositors have been fleeing smaller banks for larger institutions or to money market funds. Flows to such funds have risen by more than $300 billion in the past month to a record above $5.1 trillion, according to Bank of America, citing figures from EPFR data provider. The Japanese yen weakened 0.64% versus the greenback at 131.56 per dollar but the dollar index, which measures the greenback against a basket of major currencies, fell 0.155%. The euro was up 0.36% to $1.0798 while Sterling was last trading at $1.2286, up 0.47% on the day. The Mexican peso gained 0.54% versus the U.S. dollar at 18.34 and the Canadian dollar rose 0.66% versus the greenback. Brad Bechtel, global head of FX at Jefferies, described a "state of anxious calm" since there were no new emergencies over the weekend. Oil prices rallied after Iraq was forced to halt some crude exports from its semi-autonomous Kurdistan region, with an additional boost from steps to stem a potential banking crisis that could potentially have hit oil demand. [O/R] U.S. crude prices settled up 5.13% to $72.81 per barrel and Brent finished at $78.12, up 4.17% on the day. Gold prices slipped as investors scaled back on safe-haven trades as they dipped into riskier bets such as equities. Spot gold dropped 1.0% to $1,957.22 an ounce. U.S. gold futures fell 1.28% to $1,956.80 an ounce. In cryptocurrencies, Bitcoin fell 3.59% to $26,998.00. (Reporting by Sinéad Carew, Karen Brettell, Saqib Iqbal Ahmed, Nell Mackenzie and Wayne Cole; Editing by Sam Holmes, Jacqueline Wong, Peter Graff, Will Dunham and Tomasz Janowski) View comments', 'By Sinéad Carew\nNEW YORK (Reuters) - Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank.\nThe deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues. And on Saturday Bloomberg News reported that U.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, easing concerns about contagion.\nU.S. Treasury yields rose on optimism that stress in the banking sector could be contained, and as the Treasury Department saw soft demand for a sale of two-year notes.\nThe S&P 500 bank index, after closing down more than 22% for the month-to-date on Friday, finished up 3% on the day. In Europe, Deutsche Bank shares rose 6% after falling sharply on Friday with fears spreading to the United States after the cost of insuring its debt against default jumped.\n"The main driver to (Monday\'s) sentiment has been the banking news over the weekend," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.\nCiting the First Citizens deal and the potential for expansion of emergency U.S. lending, James said there was a "sigh of relief" on Monday for the banking sector "which has had a giant anchor around its neck for the last three weeks."\nWhile the weekend\'s news helped Monday\'s mood, it did not completely dispel concerns about the bank sector and the impact of higher interest rates on the global economy, which has also been struggling with stubbornly high inflation.\nFor the underperformance of rate-sensitive sectors such as technology on Monday, James pointed to an increased probability that the U.S. Federal Reserve would raise interest rates in May compared with Friday\'s expectations. The central bank has been raising rates for a year as it battles inflation.\n"The greater the likelihood of no additional bank failures the easier potentially it would be for the Fed to continue rate hikes," James said.\nThe Dow Jones Industrial Average rose 194.55 points, or 0.6%, to 32,432.08, the S&P 500 gained 6.54 points, or 0.16%, to 3,977.53 and the Nasdaq Composite dropped 55.12 points, or 0.47%, to 11,768.84.\nThe pan-European STOXX 600 index earlier closed up 1.05% while the MSCI\'s gauge of stocks across the globe gained 0.23%.\nEmerging market stocks lost 0.84%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.88% lower, while Japan\'s Nikkei rose 0.33%.\nDOLLAR FLAT\nThe dollar rose to a five-day high against the Japanese yen on Monday as authorities\' efforts to rein in worries over the global banking system helped soothe investor nerves.\nThe greenback traded in a narrow range against most major currencies as investors appeared hesitant to place big wagers as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the Credit Suisse rescue last week by rival UBS.\nU.S. depositors have been fleeing smaller banks for larger institutions or to money market funds. Flows to such funds have risen by more than $300 billion in the past month to a record above $5.1 trillion, according to Bank of America, citing figures from EPFR data provider.\nThe Japanese yen weakened 0.64% versus the greenback at 131.56 per dollar but the dollar index, which measures the greenback against a basket of major currencies, fell 0.155%.\nThe euro was up 0.36% to $1.0798 while Sterling was last trading at $1.2286, up 0.47% on the day.\nThe Mexican peso gained 0.54% versus the U.S. dollar at 18.34 and the Canadian dollar rose 0.66% versus the greenback.\nBrad Bechtel, global head of FX at Jefferies, described a "state of anxious calm" since there were no new emergencies over the weekend.\nOil prices rallied after Iraq was forced to halt some crude exports from its semi-autonomous Kurdistan region, with an additional boost from steps to stem a potential banking crisis that could potentially have hit oil demand. [O/R]\nU.S. crude prices settled up 5.13% to $72.81 per barrel and Brent finished at $78.12, up 4.17% on the day.\nGold prices slipped as investors scaled back on safe-haven trades as they dipped into riskier bets such as equities. Spot gold dropped 1.0% to $1,957.22 an ounce. U.S. gold futures fell 1.28% to $1,956.80 an ounce.\nIn cryptocurrencies, Bitcoin fell 3.59% to $26,998.00.\n(Reporting by Sinéad Carew, Karen Brettell, Saqib Iqbal Ahmed, Nell Mackenzie and Wayne Cole; Editing by Sam Holmes, Jacqueline Wong, Peter Graff, Will Dunham and Tomasz Janowski)', 'By Sinéad Carew NEW YORK (Reuters) - Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues. And on Saturday Bloomberg News reported that U.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, easing concerns about contagion. U.S. Treasury yields rose on optimism that stress in the banking sector could be contained, and as the Treasury Department saw soft demand for a sale of two-year notes. The S&P 500 bank index, after closing down more than 22% for the month-to-date on Friday, finished up 3% on the day. In Europe, Deutsche Bank shares rose 6% after falling sharply on Friday with fears spreading to the United States after the cost of insuring its debt against default jumped. "The main driver to (Monday\'s) sentiment has been the banking news over the weekend," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Citing the First Citizens deal and the potential for expansion of emergency U.S. lending, James said there was a "sigh of relief" on Monday for the banking sector "which has had a giant anchor around its neck for the last three weeks." While the weekend\'s news helped Monday\'s mood, it did not completely dispel concerns about the bank sector and the impact of higher interest rates on the global economy, which has also been struggling with stubbornly high inflation. For the underperformance of rate-sensitive sectors such as technology on Monday, James pointed to an increased probability that the U.S. Federal Reserve would raise interest rates in May compared with Friday\'s expectations. The central bank has been raising rates for a year as it battles inflation. Story continues "The greater the likelihood of no additional bank failures the easier potentially it would be for the Fed to continue rate hikes," James said. The Dow Jones Industrial Average rose 194.55 points, or 0.6%, to 32,432.08, the S&P 500 gained 6.54 points, or 0.16%, to 3,977.53 and the Nasdaq Composite dropped 55.12 points, or 0.47%, to 11,768.84. The pan-European STOXX 600 index earlier closed up 1.05% while the MSCI\'s gauge of stocks across the globe gained 0.23%. Emerging market stocks lost 0.84%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.88% lower, while Japan\'s Nikkei rose 0.33%. DOLLAR FLAT The dollar rose to a five-day high against the Japanese yen on Monday as authorities\' efforts to rein in worries over the global banking system helped soothe investor nerves. The greenback traded in a narrow range against most major currencies as investors appeared hesitant to place big wagers as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the Credit Suisse rescue last week by rival UBS. U.S. depositors have been fleeing smaller banks for larger institutions or to money market funds. Flows to such funds have risen by more than $300 billion in the past month to a record above $5.1 trillion, according to Bank of America, citing figures from EPFR data provider. The Japanese yen weakened 0.64% versus the greenback at 131.56 per dollar but the dollar index, which measures the greenback against a basket of major currencies, fell 0.155%. The euro was up 0.36% to $1.0798 while Sterling was last trading at $1.2286, up 0.47% on the day. The Mexican peso gained 0.54% versus the U.S. dollar at 18.34 and the Canadian dollar rose 0.66% versus the greenback. Brad Bechtel, global head of FX at Jefferies, described a "state of anxious calm" since there were no new emergencies over the weekend. Oil prices rallied after Iraq was forced to halt some crude exports from its semi-autonomous Kurdistan region, with an additional boost from steps to stem a potential banking crisis that could potentially have hit oil demand. [O/R] U.S. crude prices settled up 5.13% to $72.81 per barrel and Brent finished at $78.12, up 4.17% on the day. Gold prices slipped as investors scaled back on safe-haven trades as they dipped into riskier bets such as equities. Spot gold dropped 1.0% to $1,957.22 an ounce. U.S. gold futures fell 1.28% to $1,956.80 an ounce. In cryptocurrencies, Bitcoin fell 3.59% to $26,998.00. (Reporting by Sinéad Carew, Karen Brettell, Saqib Iqbal Ahmed, Nell Mackenzie and Wayne Cole; Editing by Sam Holmes, Jacqueline Wong, Peter Graff, Will Dunham and Tomasz Janowski)', 'By Sinéad Carew NEW YORK (Reuters) - Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues. And on Saturday Bloomberg News reported that U.S. authorities are considering the expansion of an emergency lending facility that would offer banks more support, easing concerns about contagion. U.S. Treasury yields rose on optimism that stress in the banking sector could be contained, and as the Treasury Department saw soft demand for a sale of two-year notes. The S&P 500 bank index, after closing down more than 22% for the month-to-date on Friday, finished up 3% on the day. In Europe, Deutsche Bank shares rose 6% after falling sharply on Friday with fears spreading to the United States after the cost of insuring its debt against default jumped. "The main driver to (Monday\'s) sentiment has been the banking news over the weekend," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Citing the First Citizens deal and the potential for expansion of emergency U.S. lending, James said there was a "sigh of relief" on Monday for the banking sector "which has had a giant anchor around its neck for the last three weeks." While the weekend\'s news helped Monday\'s mood, it did not completely dispel concerns about the bank sector and the impact of higher interest rates on the global economy, which has also been struggling with stubbornly high inflation. For the underperformance of rate-sensitive sectors such as technology on Monday, James pointed to an increased probability that the U.S. Federal Reserve would raise interest rates in May compared with Friday\'s expectations. The central bank has been raising rates for a year as it battles inflation. Story continues "The greater the likelihood of no additional bank failures the easier potentially it would be for the Fed to continue rate hikes," James said. The Dow Jones Industrial Average rose 194.55 points, or 0.6%, to 32,432.08, the S&P 500 gained 6.54 points, or 0.16%, to 3,977.53 and the Nasdaq Composite dropped 55.12 points, or 0.47%, to 11,768.84. The pan-European STOXX 600 index earlier closed up 1.05% while the MSCI\'s gauge of stocks across the globe gained 0.23%. Emerging market stocks lost 0.84%. MSCI\'s broadest index of Asia-Pacific shares outside Japan closed 0.88% lower, while Japan\'s Nikkei rose 0.33%. DOLLAR FLAT The dollar rose to a five-day high against the Japanese yen on Monday as authorities\' efforts to rein in worries over the global banking system helped soothe investor nerves. The greenback traded in a narrow range against most major currencies as investors appeared hesitant to place big wagers as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the Credit Suisse rescue last week by rival UBS. U.S. depositors have been fleeing smaller banks for larger institutions or to money market funds. Flows to such funds have risen by more than $300 billion in the past month to a record above $5.1 trillion, according to Bank of America, citing figures from EPFR data provider. The Japanese yen weakened 0.64% versus the greenback at 131.56 per dollar but the dollar index, which measures the greenback against a basket of major currencies, fell 0.155%. The euro was up 0.36% to $1.0798 while Sterling was last trading at $1.2286, up 0.47% on the day. The Mexican peso gained 0.54% versus the U.S. dollar at 18.34 and the Canadian dollar rose 0.66% versus the greenback. Brad Bechtel, global head of FX at Jefferies, described a "state of anxious calm" since there were no new emergencies over the weekend. Oil prices rallied after Iraq was forced to halt some crude exports from its semi-autonomous Kurdistan region, with an additional boost from steps to stem a potential banking crisis that could potentially have hit oil demand. [O/R] U.S. crude prices settled up 5.13% to $72.81 per barrel and Brent finished at $78.12, up 4.17% on the day. Gold prices slipped as investors scaled back on safe-haven trades as they dipped into riskier bets such as equities. Spot gold dropped 1.0% to $1,957.22 an ounce. U.S. gold futures fell 1.28% to $1,956.80 an ounce. In cryptocurrencies, Bitcoin fell 3.59% to $26,998.00. (Reporting by Sinéad Carew, Karen Brettell, Saqib Iqbal Ahmed, Nell Mackenzie and Wayne Cole; Editing by Sam Holmes, Jacqueline Wong, Peter Graff, Will Dunham and Tomasz Janowski)', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is beginning the week testing $28,000, but a consolidation at $25K is within the realm of possibility. Insights: Decentralized derivatives platforms are short of liquidity. What\'s in store for them? Prices CoinDesk Market Index (CMI) 1,231.08 +23.4 ▲ 1.9% Bitcoin (BTC) $27,966 +470.9 ▲ 1.7% Ethereum (ETH) $1,777 +32.2 ▲ 1.8% S&P 500 daily close 3,970.99 +22.3 ▲ 0.6% Gold $1,978 −3.7 ▼ 0.2% Treasury Yield 10 Years 3.38% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Happy Monday. Bitcoin is starting the Asia business day up 1.7%, just below $28K at $27,966. Ether is slightly outperforming bitcoin, beginning the day up 1.8% at $1,777. Speaking with CoinDesk TV on Friday, Oanda Senior Market Analyst Edward Moya said the success of Coinbase is dictating much of the future price movement of crypto. “Crypto traders are closely following everything with Coinbase. \u200b Coinbase CEO [Brian] Armstrong noted that they weren\'t entirely surprised by the [Securities and Exchange Commission Wells] Notice. No one knows how regulators are going to rule if all tokens are securities,” he said. “Coinbase\'s success is vital for longer-term crypto growth. In the U.S., Coinbase is a critical option for how people are getting started with crypto.” Moya pointed out that while bitcoin has so far been unable to test the $30,000 level, it seems like it’s ready for a consolidation phase. Joe DiPasquale, CEO of crypto asset manager BitBull Capital, told CoinDesk in an email that the market has remained largely bullish after the Federal Open Market Committee (FOMC) pushed out a relatively tame interest rate hike. “While we did expect a correction to $25K that didn\'t happen, we believe it is still in play. For now, the bulls will want to see bitcoin respecting $25K and consolidating above that level,” he told CoinDesk in a note. “Given some time with such price action, we may see altcoins starting to rally again. On the flipside, a breakdown of $25K could put the breaks on this rally.” Story continues All the while, ether traders are breathing a side of relief – and pushing up the price – after the latest decentralized finance (DeFi) crisis, this time involving protocol Euler Finance, seems to be coming to a close. CoinDesk reported over the weekend that the hacker behind Euler Finance’s $200 million exploit has returned the majority of the funds stolen from the protocol. Tokens associated with layer 1 protocols such as Solana and Eos took the news favorably, beginning the Asia business day in the green. Biggest Gainers Asset Ticker Returns DACS Sector Gala GALA +4.6% Entertainment Loopring LRC +3.0% Smart Contract Platform Polygon MATIC +2.5% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −0.8% Smart Contract Platform Insights Decentralized Derivatives\' Exchanges Liquidity Problem Liquidity is a big concern in today’s crypto market. Without market depth, large orders create price slippage and extreme price fluctuations capsize traders. The liquidity crisis has often been talked about in the context of bitcoin. Kaiko’s research team has flagged that a lack of fiat payment rails post-shutdown of Silvergate and Signature banks has dropped bitcoin’s liquidity to 10-month lows. But decentralized finance (DeFi) is also facing its own liquidity crunch. One of the most interesting developments in DeFi has been decentralized derivatives exchanges (DEX). For centralized exchanges, derivatives are a much larger – and more lucrative – market than spot trading, but this comes with enhanced interest from regulators . At the same time, DEXs are far more efficient operations than their centralized counterparts, which makes them worth the regulatory risk for investors. Perpetual futures DEX dYdX was first to the decentralized derivatives vertical, and by all accounts has done very well. But it’s not purely decentralized, combining a hybrid of a centralized order book with decentralized custody. The collapse of FTX was a booster shot of interest ; on-chain transparency is the best antidote for dishonesty and it\'s impossible to hide things like funds co-mingling on the open book of blockchain. But dYdX’s competitors are running out of liquidity, leading to questions if the whole concept can scale. There\'s no viable on-chain alternative to dYdX atm None of these other debt-based derivative exchanges have any available OI Kwenta➡️maxed out GMX➡️maxed out Gains➡️almost none Level➡️OI available but only on BSC Are there any other good options for on-chain leveraged trading? — kamikaz FIAT (@kamikaz_ETH) March 20, 2023 On Friday, Kwenta only had $1.27 million in open interest available for long positions on bitcoin perpetuals, and $450,000 in open interest available on the short side. The situation wasn\'t much better for ether, with only $1.64 million in open interest available for longs. Open interest on bitcoin perpetuals (Kwenta) Open interest on ether perpetuals GMX was in a better state, but has limited liquidity available for shorts, which can range from just over $1,000 up to around $700,000. (GMX) In a December report, TokenInsight flagged the issue of liquidity as being detrimental to the growth of the sector. But this hasn’t affected everyone equally. Perpetual Protocol, another perpetual futures DEX, is still watching its open interest grow. “I think the challenge is that there were not many new crypto traders coming to DEXs post-FTX fallout,” its co-founder, Yenwen, told CoinDesk in an email. “But I remain optimistic and believe that derivatives DEXs will become the key players for the next bull run.” Important events 4:00 p.m. HKT/SGT(8:00 UTC) Germany IFO - Business Climate (March) 1:00 a.m. HKT/SGT(17:00 UTC) Bank of England\'s Governor Bailey Speech 5:00 a.m. HKT/SGT(21:00 UTC) Fed\'s Jefferson Speech CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Do Kwon Charged With Fraud by U.S. Prosecutors; Binance Temporarily Pauses Spot Trading Federal prosecutors in New York are charging Terraform Labs founder Do Kwon with fraud after he was arrested by police in Montenegro. Former SEC Enforcement Branch chief and Bragança Law attorney Lisa Bragança shared her reaction. Plus, crypto exchange Binance suspended spot trading amid an issue on the world\'s most-used cryptocurrency trading platform. Innovating Capital general partner Anthony Georgiades weighed in. Headlines $119M in Stolen Crypto So Far in 2023, NFT Rug Pulls on the Rise, Crystal Blockchain : DeFi protocols have been hackers’ favorite targets since 2021. Now hackers are preying on NFT projects, a blockchain intelligence firm says. Matter Labs Opens zkSync Era to Users, Claiming First in ‘Zero Knowledge’ Tech on Ethereum : After zkSync Era was launched only for developers last month, the project took the additional step Friday of opening to general users. The latest push comes just days ahead of the rival Polygon system’s planned rollout Monday of its own “zero-knowledge Ethereum Virtual Machine.” Do Kwon Charged, Due in Montenegro Court for Extradition Hearing, AFP : Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery. Nasdaq Aiming to Debut Crypto Custody Service by Q2 End, Bloomberg : The stock exchange operator announced its intentions in September as it looked to respond to the demand from institutional crypto investors Arbitrum Tokens Rack Up $2B in Trading Volume, Analysts Point to Growth Ahead : Integration into Arbitrum’s wider DeFi system could provide some new impetus for bullish sentiment for ARB tokens, one exchange executive said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is beginning the week testing $28,000, but a consolidation at $25K is within the realm of possibility.\nInsights:Decentralized derivatives platforms are short of liquidity. What\'s in store for them?\nCoinDesk Market Index (CMI)\n1,231.08\n+23.4▲1.9%\nBitcoin (BTC)\n$27,966\n+470.9▲1.7%\nEthereum (ETH)\n$1,777\n+32.2▲1.8%\nS&P 500 daily close\n3,970.99\n+22.3▲0.6%\nGold\n$1,978\n−3.7▼0.2%\nTreasury Yield 10 Years\n3.38%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nHappy Monday. Bitcoin is starting the Asia business day up 1.7%, just below $28K at $27,966. Ether is slightly outperforming bitcoin, beginning the day up 1.8% at $1,777.\nSpeaking with CoinDesk TV on Friday, Oanda Senior Market Analyst Edward Moya said the success of Coinbase is dictating much of the future price movement of crypto.\n“Crypto traders are closely following everything with Coinbase. \u200b Coinbase CEO [Brian] Armstrong noted that they weren\'t entirely surprised by the [Securities and Exchange Commission Wells] Notice. No one knows how regulators are going to rule if all tokens are securities,” he said. “Coinbase\'s success is vital for longer-term crypto growth. In the U.S., Coinbase is a critical option for how people are getting started with crypto.”\nMoya pointed out that while bitcoin has so far been unable to test the $30,000 level, it seems like it’s ready for a consolidation phase.\nJoe DiPasquale, CEO of crypto asset manager BitBull Capital, told CoinDesk in an email that the market has remained largely bullish after the Federal Open Market Committee (FOMC) pushed out a relatively tame interest rate hike.\n“While we did expect a correction to $25K that didn\'t happen, we believe it is still in play. For now, the bulls will want to see bitcoin respecting $25K and consolidating above that level,” he told CoinDesk in a note. “Given some time with such price action, we may see altcoins starting to rally again. On the flipside, a breakdown of $25K could put the breaks on this rally.”\nAll the while, ether traders are breathing a side of relief – and pushing up the price – after the latest decentralized finance (DeFi) crisis, this time involving protocol Euler Finance, seems to be coming to a close.\nCoinDesk reported over the weekend that the hacker behindEuler Finance’s $200 million exploithas returned the majority of the funds stolen from the protocol.\nTokens associated with layer 1 protocols such as Solana and Eos took the news favorably, beginning the Asia business day in the green.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+4.6%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nDecentralized Derivatives\' Exchanges Liquidity Problem\nLiquidity is a big concern in today’s crypto market. Without market depth, large orders create price slippage and extreme price fluctuations capsize traders.\nThe liquidity crisis has often been talked about in the context of bitcoin.Kaiko’s research teamhas flagged that a lack of fiat payment rails post-shutdown of Silvergate and Signature banks has dropped bitcoin’s liquidity to 10-month lows. But decentralized finance (DeFi) is also facing its own liquidity crunch.\nOne of the most interesting developments in DeFi has been decentralized derivatives exchanges (DEX). For centralized exchanges, derivatives are a much larger – and more lucrative – market than spot trading, but this comes withenhanced interestfromregulators. At the same time, DEXs arefar more efficient operationsthan their centralized counterparts, which makes them worth the regulatory risk for investors.\nPerpetual futures DEX dYdX was first to the decentralized derivatives vertical, and by all accounts has done very well. But it’s not purely decentralized, combining a hybrid of a centralized order book with decentralized custody.\nThe collapse of FTX was abooster shot of interest; on-chain transparency is the best antidote for dishonesty and it\'s impossible to hide things like funds co-mingling on the open book of blockchain.\nBut dYdX’s competitors are running out of liquidity, leading to questions if the whole concept can scale.\nOn Friday, Kwenta only had $1.27 million in open interest available for long positions on bitcoin perpetuals, and $450,000 in open interest available on the short side. The situation wasn\'t much better for ether, with only $1.64 million in open interest available for longs.\nGMX was in a better state, but has limited liquidity available for shorts, which can range from just over $1,000 up to around $700,000.\nIn a December report, TokenInsightflagged the issue of liquidityas being detrimental to the growth of the sector.\nBut this hasn’t affected everyone equally. Perpetual Protocol, another perpetual futures DEX, is still watching its open interest grow.\n“I think the challenge is that there were not many new crypto traders coming to DEXs post-FTX fallout,” its co-founder, Yenwen, told CoinDesk in an email. “But I remain optimistic and believe that derivatives DEXs will become the key players for the next bull run.”\n4:00 p.m. HKT/SGT(8:00 UTC)Germany IFO - Business Climate (March)\n1:00 a.m. HKT/SGT(17:00 UTC)Bank of England\'s Governor Bailey Speech\n5:00 a.m. HKT/SGT(21:00 UTC)Fed\'s Jefferson Speech\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nDo Kwon Charged With Fraud by U.S. Prosecutors; Binance Temporarily Pauses Spot Trading\nFederal prosecutors in New York are charging Terraform Labs founder Do Kwon with fraud after he was arrested by police in Montenegro. Former SEC Enforcement Branch chief and Bragança Law attorney Lisa Bragança shared her reaction. Plus, crypto exchange Binance suspended spot trading amid an issue on the world\'s most-used cryptocurrency trading platform. Innovating Capital general partner Anthony Georgiades weighed in.\n$119M in Stolen Crypto So Far in 2023, NFT Rug Pulls on the Rise, Crystal Blockchain:DeFi protocols have been hackers’ favorite targets since 2021. Now hackers are preying on NFT projects, a blockchain intelligence firm says.\nMatter Labs Opens zkSync Era to Users, Claiming First in ‘Zero Knowledge’ Tech on Ethereum:After zkSync Era was launched only for developers last month, the project took the additional step Friday of opening to general users. The latest push comes just days ahead of the rival Polygon system’s planned rollout Monday of its own “zero-knowledge Ethereum Virtual Machine.”\nDo Kwon Charged, Due in Montenegro Court for Extradition Hearing, AFP:Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.\nNasdaq Aiming to Debut Crypto Custody Service by Q2 End, Bloomberg:The stock exchange operator announced its intentions in September as it looked to respond to the demand from institutional crypto investors\nArbitrum Tokens Rack Up $2B in Trading Volume, Analysts Point to Growth Ahead:Integration into Arbitrum’s wider DeFi system could provide some new impetus for bullish sentiment for ARB tokens, one exchange executive said.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is beginning the week testing $28,000, but a consolidation at $25K is within the realm of possibility.\nInsights:Decentralized derivatives platforms are short of liquidity. What\'s in store for them?\nCoinDesk Market Index (CMI)\n1,231.08\n+23.4▲1.9%\nBitcoin (BTC)\n$27,966\n+470.9▲1.7%\nEthereum (ETH)\n$1,777\n+32.2▲1.8%\nS&P 500 daily close\n3,970.99\n+22.3▲0.6%\nGold\n$1,978\n−3.7▼0.2%\nTreasury Yield 10 Years\n3.38%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nHappy Monday. Bitcoin is starting the Asia business day up 1.7%, just below $28K at $27,966. Ether is slightly outperforming bitcoin, beginning the day up 1.8% at $1,777.\nSpeaking with CoinDesk TV on Friday, Oanda Senior Market Analyst Edward Moya said the success of Coinbase is dictating much of the future price movement of crypto.\n“Crypto traders are closely following everything with Coinbase. \u200b Coinbase CEO [Brian] Armstrong noted that they weren\'t entirely surprised by the [Securities and Exchange Commission Wells] Notice. No one knows how regulators are going to rule if all tokens are securities,” he said. “Coinbase\'s success is vital for longer-term crypto growth. In the U.S., Coinbase is a critical option for how people are getting started with crypto.”\nMoya pointed out that while bitcoin has so far been unable to test the $30,000 level, it seems like it’s ready for a consolidation phase.\nJoe DiPasquale, CEO of crypto asset manager BitBull Capital, told CoinDesk in an email that the market has remained largely bullish after the Federal Open Market Committee (FOMC) pushed out a relatively tame interest rate hike.\n“While we did expect a correction to $25K that didn\'t happen, we believe it is still in play. For now, the bulls will want to see bitcoin respecting $25K and consolidating above that level,” he told CoinDesk in a note. “Given some time with such price action, we may see altcoins starting to rally again. On the flipside, a breakdown of $25K could put the breaks on this rally.”\nAll the while, ether traders are breathing a side of relief – and pushing up the price – after the latest decentralized finance (DeFi) crisis, this time involving protocol Euler Finance, seems to be coming to a close.\nCoinDesk reported over the weekend that the hacker behindEuler Finance’s $200 million exploithas returned the majority of the funds stolen from the protocol.\nTokens associated with layer 1 protocols such as Solana and Eos took the news favorably, beginning the Asia business day in the green.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+4.6%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+2.5%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22120.8%", "DACS Sector": "Smart Contract Platform"}]\nDecentralized Derivatives\' Exchanges Liquidity Problem\nLiquidity is a big concern in today’s crypto market. Without market depth, large orders create price slippage and extreme pric
**Last 60 Days of Bitcoin's Closing Prices:**
[23032.78, 23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-27
**Financial & Commodity Data:**
- Gold Closing Price: $1952.40
- Crude Oil Closing Price: $72.81
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $540,271,167,975
- Hash Rate: 344632512.6727259
- Transaction Count: 296557.0
- Unique Addresses: 668827.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Geoffrey Smith Investing.com -- Crypto shudders as Silvergate shutters. Initial jobless claims and the Challenger job cuts survey flesh out the picture of the labor market. U.S. President Joe Biden will outline his administration's budget plans, including a raft of measures that would put downward pressure on stock prices. JPMorgan pins the blame on Jes Staley for being tarred by the Jeffrey Epstein affair, and Europe's natural gas prices fall to their lowest in over 18 months as the Freeport LNG plant gets the go-ahead to resume exports. Here's what you need to know in financial markets on Thursday, 9th March. 1. Crypto falls as Silvergate announces liquidation Cryptocurrencies fell, along with stocks exposed to the asset class, after Silvergate Capital (NYSE:SI) said it will wind down operations and return cash to depositors. Silvergate has been a key provider of banking services to crypto exchanges in the U.S. and it is far from clear how they will find anyone else to facilitate the transfer of money between the crypto and fiat currency universes. Bitcoin fell to its lowest in a month before recovering slightly to trade at $21,632 by 06:30 ET (11:30 GMT), while Ether, Cardano, and Solana all fell too. Other indicators suggested that crypto investors continued to pull their money out of the space, with the value of Binance USD's outstanding circulation falling to barely $8 billion – a drop of 50% in the last month - despite Binance saying that it has no exposure to Silvergate. 2. All not quite quiet on the labor market front The U.S. labor market remains front and center on Thursday after two reports on Wednesday that showed only patchy evidence of a cooling off. Initial claims for jobless benefits are expected to bump along below 200,000 again, while the Challenger Job Cuts survey is due an hour before that at 07:30 ET. On Wednesday, ADP's monthly survey of private hiring had come in well above expectations at 242,000 in February, while its wage tracker continued to show pay growth well above official estimates. The Labor Department, meanwhile, reported that job openings fell in January – but only from an upwardly revised 11.23 million, which was a nine-month high. Story continues 3. Stocks drift in post-Powell daze; JPMorgan tries to claw back $80M from Epstein associate Staley U.S. stock markets are set for a mixed opening, struggling to develop any momentum after Federal Reserve chair Jerome Powell's warnings of more rate hikes to come in two days of testimony on Capitol Hill. By 06:30 ET, Dow Jones futures were essentially flat, while S&P 500 futures were down 0.2% and Nasdaq 100 futures were down 0.5%. That's a mirror image of the big three cash indices' performance on Wednesday when the Nasdaq outperformed. Stocks likely to be in focus later include JPMorgan (NYSE:JPM), which is suing former private bank head Jes Staley for any damage it incurs from links to the deceased sex trafficker Jeffrey Epstein. JPMorgan is seeking $80M from Staley, his entire compensation between 2006-2013. ADRs in Barclays (NYSE:BCS), where Staley was CEO until November 2021, fell in premarket trading. Oracle (NYSE:ORCL), Ulta Beauty (NASDAQ:ULTA), DocuSign (NASDAQ:DOCU) and Gap (NYSE:GPS) all report earnings after the close 4. Biden to present budget plans U.S. President Joe Biden will lay out some $3 trillion of deficit-cutting measures in his administration's new budget plans, as his Democrat allies prepare for a showdown in Congress over the debt ceiling. Various reports indicated that Biden will renew his call for a tax on billionaires' wealth, as well as taxing stock buybacks and private equity's internal returns. Those measures have failed to gain any traction in previous initiatives, leaving cynics wondering whether the budget is not really just a stunt to profile Republican opponents as defenders of a small, wealthy minority. 5. European gas prices hit new low as Freeport LNG gets restart OK European natural gas fell to their lowest since the summer of 2021, after a major LNG plant in the U.S. received the all-clear from regulators to resume exports. Freeport LNG has been out of action for months while it repaired damage from a fire. That fire choked shipments to Europe at the peak of last year's energy scare. Front-month TTF futures, the reference price for northwest Europe, fell as low as €40.50 a megawatt-hour before bouncing to trade at €41.73/MWh by 06:45 ET, down 1.4% on the day. Elsewhere in energy, U.S. crude futures were up 0.1% at $76.75 a barrel, while Brent was up 0.1% at $82.77 a barrel. Related Articles Game over for Silvergate, labor data, JPMorgan sues Staley - what's moving markets Inflation scare over? The case for and against sticky inflation U.S. Chamber of Commerce calls for AI regulation...
- Reddit Posts (Sample): [['u/MoonbaseADA', 'Real Value in Flare is NOT its Price but in the Quantity Earned', 14, '2023-03-27 00:09', 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/', "Hey folks, you might want to take a look at MickeyB Fresh latest Youtube video. \n\nHis take is that the real value in Flare is not in its price but in the FTSO delegation and monthly distribution scheme that gives us that ever growing quantity for the next 3 years. What other blockchain gives you rewards every 3.5 days AND a significant monthy distributon based on the size of your stake?\n\nBut it doesn't end there. With our ever growing stake of Flare we can also do yield earning with current Dapps like Flare Finance, Oracle Swap, Pangolin and whatever others may become available.\n\nBut wait theres even more: we will also be getting an additional 2% staking rewards from the upcoming Flare FTSO-Validator mechanism.\n\nAnd finally we will have the F-Asset minting where rwe can use our ever growing Flare as collateral to mint legacy blue-chip cryptos and getting Flare rewards in return.\n\nIf the actual price of Flare does go up because of the next Bitcoin bullrun, than we will have that much more value for ALL the ever-growing Flare we have accrued in the next 3 years.\n\nLet me know your thoughts.", 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/', '1231ike', [['u/No_Relationship1450', 13, '2023-03-27 01:14', 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/jdsz6o5/', "Mr Fresh is far too invested in his FTSO and possibly other services that is reliant on FLR income to give him too much credit for what he says. He's been a massive shill since the very beginning. \n\nWhilst he's not wrong that price does not equal value, the real value is not rewards and airdrops etc. That's plain stupid. We all expect real value to come when the network can actually pull in real value from investors - and we're just not there yet. What good is flare finance et al if so few people use their services? Those services with their own token on the network which are essentially dropped from thin air are spreading investor capital thin and ultimately a suppressor of flr price as those tokens make an exit from the flare network. \n\nF-assets could be big but of course it caused quite the stir what the foundation did regarding that, so we don't know whether that will arrive or not and how successful it might be is anyone's guess. How big will that market be?\n\nYou've got to remember the defi space has been going on a couple years now and flare still hasn't made it to the party yet. There's other more established platforms that will be competition for flare. Yes, flare is a different system etc etc, but main function is similar though there are unique things it offers.", '1231ike']]], ['u/GaryMcsBaldPatch', 'I absolutely love this game!', 160, '2023-03-27 00:59', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/', "Started playing the game properly last Thursday and not since Fallout 3 has a game hooked me like Tarkov. I built a pretty high-spec, and first ever, gaming PC just before Christmas with Tarkov in mind. I played it a bit over Christmas but to be honest, I found it completely overwhelming and pretty brutal.\n\nDecided to give it another crack last week and now I'm absolutely hooked. I'm only at level 5 and have got my ass handed to me plenty but last night and today I finally managed to kill maybe 5 or 6 PMCs (which obviously isn't a lot to most people, I know). However, extracting with these Chad's gear has to be one of the most rewarding things I've done in a video game. \n\nAlso, about an hour ago, just after spending my hard earned first mill on a Scav Junk Box and being flat out broke, I found a bitcoin on the ground by the dummy on the 1st floor of the Repair Shop in Customs, so I'm back up to 400k-ish. I had no idea that these even existed in the game and literally whooped in my office when I saw the price Therapist was offering me...I'm 40 next Saturday 😅\n\nI'm sure the novelty will wear off in time but for now, it's nice to feel kinda excited about a game. Just thought I'd share.", 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/', '1232x6x', [['u/XenSide', 12, '2023-03-27 01:48', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt3ldh/', "The novelty takes a long long time to wear off, you'll enjoy your time for a while, don't worry about it!\n\nI'm glad you enjoy it", '1232x6x'], ['u/MrTankerson', 171, '2023-03-27 02:02', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt5f95/', 'Welcome to the grind! \n\nA small tip for you:\n\nDon’t join this sub. Feel free to come by every once in a while and ask questions or search some things, or even share some success stories, but don’t stay subbed, it will make your novelty you are talking about last much longer, trust me.', '1232x6x'], ['u/BeefHammer54', 28, '2023-03-27 02:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt9vaj/', 'True! This sub is cancer, filled with complainers, and people that don’t play the game!', '1232x6x'], ['u/thing85', 39, '2023-03-27 02:57', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdtc7m7/', 'Best advice I’ve read here tbh', '1232x6x'], ['u/nlewis4', 10, '2023-03-27 04:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdtoqh2/', 'This subreddit will ruin 99.9% of the fun you are having with EFT. Avoid it at all costs.', '1232x6x'], ['u/robead42', 14, '2023-03-27 09:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdudnua/', 'Hey look there’s one right here!', '1232x6x']]], ['u/dudenuhhuh', 'All my bitcoin was liquidated from my ledger wallet 2 days ago.', 44, '2023-03-27 05:10', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/', "Throway because I'm paranoid now. \n\n&#x200B;\n\nI bought a ledger nano s in 2018. I used to store altcoins on it but 2 years ago I switched it all to bitcoin. I wrote the seed phrase down on the piece of paper and never entered it into a computer. The last time I made a transaction with my bitcoin was almost a year ago and I sold half a bitcoin to put a downpayment on my first house. \n\nFastforward to March 23rd at 5:16 pm all my bitcoin was moved from my wallet to another wallet. A transaction that **I did not make.** I understand this point may be almost impossible to prove. The bitcoin is now in this wallet and it hasn't moved during the time of writing this: [https://www.blockchain.com/explorer/addresses/btc/bc1qvy8m6h6pth8sadrllq2rdegu6p47rt08aw29d0](https://www.blockchain.com/explorer/addresses/btc/bc1qvy8m6h6pth8sadrllq2rdegu6p47rt08aw29d0)\n\nI can't think of any other possible scenario other than someone got my passphrase in real life. There are really only 2 people who had access to my phrase IRL; my old roomate whom a shared a liberty safe with or my current girlfriend and she doesn't understand bitcoin **at all.** \n\n&#x200B;\n\n**OR** is there something I'm missing? Was there an update in the bitcoin protocol that combined all my addresses? I don't fucking know. If anyone could offer me some advice I would really appreciate it. I'm gonna go back to laying in the fetal position now and not trusting anyone.", 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/', '1239fly', [['u/topbtcfan', 167, '2023-03-27 05:15', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtsirz/', 'It was your roommate', '1239fly'], ['u/dudenuhhuh', 45, '2023-03-27 05:17', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtsr5c/', 'I moved out a year ago. It fucks with my head that he waited a whole year.', '1239fly'], ['u/txhex', 61, '2023-03-27 05:32', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtuf2n/', 'Bro, it’s either your roommate or your gf. \n\nThis isn’t a mystery.', '1239fly'], ['u/Dubya_Tea_Efff', 73, '2023-03-27 05:39', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtv4jf/', 'Hardware wallets are no good if you’re just going to let people have access to the keys.', '1239fly'], ['u/Flaky-Wedding2455', 86, '2023-03-27 05:42', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvfg9/', 'He maybe copied the seed in case, but wasn’t planning on stealing your bitcoin unless he had to for some reason. Perhaps he fell on hard times. The other option is he waited in hopes you would not suspect him as he would be the obvious choice if it happened the day after he moved out or something.', '1239fly'], ['u/dudenuhhuh', 13, '2023-03-27 05:44', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvofk/', 'I was hoping there was another scenario with bitcoin technically that someone might have known. But your comment helps too. Thanks.', '1239fly'], ['u/Bkokane', 79, '2023-03-27 05:46', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvw3g/', 'The 3rd option is he actually compromised the seed to some other hacker, by taking a photo of it or something, and didn’t actually steal it himself.', '1239fly'], ['u/bayareaburgerlover', 13, '2023-03-27 05:53', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtwinu/', 'it could be your current gf too. she might have not followed strictest protocol in keeping it safe. \n\noccam’s razor 🪒 tells me it’s your friend or your gf', '1239fly'], ['u/Flaky-Wedding2455', 26, '2023-03-27 06:05', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtxpa1/', 'Agreed and good point. Most likely didn’t sit down and write out his own copy of the words. Much easier for him to just take a cell phone picture.', '1239fly'], ['u/Repulsive-Ad3460', 113, '2023-03-27 07:22', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdu4rss/', 'Dude, the fact your roommate ever knew your seed phrase meant you were bound to be fucked', '1239fly'], ['u/Dull_Woodpecker6766', 12, '2023-03-27 07:34', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdu5r9k/', 'Roommate or Girlfriend... You wouldn\'t believe what\'s possible once money gets involved ... \n\nThen and only then "i don\'t understand shit" becomes "I\'m a genius in"', '1239fly'], ['u/Dull_Woodpecker6766', 18, '2023-03-27 07:37', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdu61zw/', "Seedphrases can't be guessed ... Guessing one seed with coins in it is a huge lucky guess ... It's more likely that the sun burns out tomorrow.", '1239fly'], ['u/dakedame', 11, '2023-03-27 08:15', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdu93ix/', "No! Please don't leave! What will we do without you and your amazing contributions!", '1239fly'], ['u/lovocado', 10, '2023-03-27 09:27', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdue9s8/', 'You say the address is empty - but what does your Ledger Live say?\n\nIf you hold btc with a ledger and check your holding via a blockchain explorer, on every asset move **all of your BTC will move to a new address**.\n\n- So if you had 2 btc at address 123\n- sent 0.1 to address 456\n- now address 123 will be empty \n- your remaining 1.9 btc will be visible on a new address but it’s still yours and accessible via ledger software \n\n\nToo long to explain why and how - just check it and if that’s the case, we’ll get from there.', '1239fly'], ['u/Matt-ayo', 28, '2023-03-27 09:50', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdufrom/', 'If it was your roommate and he was not sophisticated, it may be possible to prove it legally. He very likely will have to do KYC to sell it for anything\n\nNot a lawyer (you might want to explain this situation to /r/legaladvice and see if they have anything useful to add), but what you want is:\n\n* Proof/evidence that your roommate did not receive that Bitcoin in a deal between the two of you.\n\nThis is important because claiming that it was stolen could be done arbitrarily to \'troll,\' disrupt or blackmail people - and therefore will not be believed just because you say so. You can very likely get this evidence by asking him straight up:\n\n"Hey man, I seem to have lost my Bitcoin. Is is possible I sent it to you and forget about it, or gave you my credentials so you could manage it for me?"\n\nHe may suspect that you are on to him, but that means he will likely answer this question with a "no." This is what you want - it is him admitting that if he does indeed have your coins that he did not receive them with your blessing. Make sure your question to him includes ownership of the coins, not just "did you use/have my wallet" (which we both know, and a court will figure out, is not enough to steal the coins).\n\nGet a legal way to record him saying or admitting this.\n\n* Contact with large exchanges (and possibly a tech audit firm which specializes in crypto)\n\nYou may well know transactions on Bitcoin are very public. If your roommate (assuming he *did* steal it) attempts to send it to a large US exchange he will have to admit ownership of that Bitcoin tied to his identity. I have no real advice for how to cooperate with exchanges on this - but if it is worth it to you I would try reaching out to their legal department and scaring them; they do not want to be caught with any illicit funds and will hopefully cooperate with you if you convince them they could possibly have legal trouble - this may be a long-shot.\n\nIf the thief is more sophisticated he may attempt to conceal the movements with other techniques - but that won\'t always be full-proof - some sort of auditing consultant can help track those more complicated operations.\n\nTo summarize: What you need to prove theft is:\n\n* Proof that you did not give him those coins (his admission may be the only way, but you might easily trick him into it)\n\n* Proof that he has those coins. Working with exchanges, who must know their customers, is the best way I can think to do this.\n\nI\'m not saying it was your roommate, but I hope this advice helps you narrow your search and I hope the exchanges are responsive and helpful. Sorry this happened to you - trust is a bitch.', '1239fly']]], ['u/AutoModerator', '[Daily Discussion] - Monday, March 27, 2023', 29, '2023-03-27 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/', '123ao9q', [['u/jabatasu', 12, '2023-03-27 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdu3r4m/', 'What', '123ao9q'], ['u/jabatasu', 21, '2023-03-27 07:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdu55c6/', "You're trading the 1 minute chart on a Sunday night/Monday early morning?", '123ao9q'], ['u/roadworn', 12, '2023-03-27 07:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdu6bp2/', 'This is gold.', '123ao9q'], ['u/bitcoins', 12, '2023-03-27 08:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdu9gsx/', 'I just sit here and hold', '123ao9q'], ['u/GotMyTinfoilHat', 12, '2023-03-27 09:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdud86t/', '10x short at 27777\nStop loss at 28500', '123ao9q'], ['u/WhoDidThat97', 11, '2023-03-27 12:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jduq55u/', "Gold is dropping, markets seem happy. I'm expecting a drop", '123ao9q'], ['u/megahorse17', 22, '2023-03-27 14:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdv0f6o/', "Saylor at it again - https://twitter.com/WuBlockchain/status/1640324579066544129\n\nHave to laugh at the plebs thinking he's gonna have to sell at every dip", '123ao9q'], ['u/delgrey', 14, '2023-03-27 16:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvfh48/', 'Yup. Banks totally safe now. Trust us. Smooth sailing ahead yo!', '123ao9q'], ['u/delgrey', 12, '2023-03-27 16:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvgkww/', 'Every time we get news Saylor buys we dump soon after ha!', '123ao9q'], ['u/LondonLexus', 10, '2023-03-27 16:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvhb6y/', 'Just a heads up folks, on Thursday I have to sell some corn to pay a big bill, so expect a large uptick starting on Friday 🙄', '123ao9q'], ['u/zberg69420', 16, '2023-03-27 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvp1pl/', 'Anyone else think the large amount of manufactured FUD and SEC interference seems to have come when banks were pushed to the brink and flailing smells a little desperate? \n\nSure looks like they know their house is not in order, so they are wanting to point the finger across the street vehemently to show that the neighbors life isnt as good as it seems.', '123ao9q'], ['u/btcluvr', 16, '2023-03-27 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvpss3/', "news: US of A want to screw CZ and his company\n\neveryone: good, let's dump bitcoin.\n\nguys, are you serious?", '123ao9q'], ['u/delgrey', 12, '2023-03-27 17:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvqrb6/', 'The lawsuit pdf is a goldmine... they got chat logs ha!\n\n"Internally, Binance officers, employees, and agents have acknowledged that the\nBinance platform has facilitated potentially illegal activities. For example, in February 2019,\nafter receiving information “regarding HAMAS transactions” on Binance, Lim explained to a\ncolleague that terrorists usually send “small sums” as “large sums constitute money laundering.”\nLim’s colleague replied: “can barely buy an AK47 with 600 bucks.” And with regard to certain\nBinance customers, including customers from Russia, Lim acknowledged in a February 2020\nchat: “Like come on. They are here for crime.” Binance’s MLRO agreed that “we see the bad,\nbut we close 2 eyes.”', '123ao9q'], ['u/chrisgilesphoto', 12, '2023-03-27 17:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvu1ft/', 'Oh no!\n\nanyway.....', '123ao9q'], ['u/NLNico', 17, '2023-03-27 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvu9ka/', 'His [pinned tweet](https://twitter.com/cz_binance/status/1610018096122851328) from Jan 3 is:\n\n> Will try to keep 2023 simple. Spend more time on less things. Do\'s and Don\'ts. 1. Education 2. Compliance 3. Product & Service **4. Ignore FUD, fake news, attacks, etc.**\n\n> In the future, would appreciate if you can link to this post when I tweet "4".\n\nThen now he [tweeted](https://twitter.com/cz_binance/status/1640372505046052866) "4".', '123ao9q'], ['u/delgrey', 11, '2023-03-27 18:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvv3jz/', 'CZ...what a character! If you ever wondered why your stops are always getting hit here\'s your answer.\n\n"Zhao is the direct or indirect owner of entities that have engaged in \nproprietary trading activity on the Binance platform, including Merit Peak Limited and Sigma \nChain AG, and Zhao is also the direct or indirect owner of approximately 300 separate Binance \naccounts that have engaged in proprietary trading activity on the Binance trading platform. Zhao \nhas never been registered with the Commission in any capacity."', '123ao9q'], ['u/cryptojimmy8', 13, '2023-03-27 18:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdvvezp/', 'Alts flowing into bitcoin has been a very known pattern for many years. Then the money flows back from bitcoin to alts. Might fit your narrative but is probably just the normal market cycle we are seing', '123ao9q'], ['u/33virtues', 17, '2023-03-27 18:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdw0iay/', 'I’ll take the unpopular opinion and say the cz charge is more serious than the market is currently pricing in.\n\nThis is why we can’t have nice things.', '123ao9q'], ['u/_TROLL', 16, '2023-03-27 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdw3p5y/', "Established large U.S. entities like Goldman, Fidelity, JP Morgan could have easily gotten involved in the bitcoin space 10+ years ago and actively chose not to, which would have made CZ irrelevant before he even got off the ground. \n\nOh well.\n\nGensler is a clown who's been reduced to flinging mud in every direction, hoping to find something that sticks.", '123ao9q'], ['u/jellicenthero', 15, '2023-03-27 19:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdw7klq/', 'Or ignore it.....and don\'t do business in the US which they already don\'t do. The US is really dropping the ball on this. They lose every court case because the judge just stared at them and says "are you saying X coin is definitively a security?" And they wet themselves. The judge then goes "if your not willing to say it is then it\'s not kindly fuck off"', '123ao9q'], ['u/spinbarkit', 11, '2023-03-27 19:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdw7rrc/', '3, 2, 1 in that order:\n\nignore all accusations, deny everything and pretend to be legit with counter campaign. in case of a solid proof emerges - move earth to disprove it or destroy it.\n\nin case someone produces strong case against- undermine their credibility, prolong the trial with any means necessary, cast doubt at every claim provided, eventually creating mess and uncertainty\n\nfinally when they get exhausted settle for some funny penalty', '123ao9q'], ['u/Essexal', 11, '2023-03-27 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdw8puj/', '4.\n\nLong from 27k.', '123ao9q'], ['u/zberg69420', 19, '2023-03-27 19:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdw8t3t/', 'How many more FUD bombs we have this cycle? Seriously, it just looks desperate', '123ao9q'], ['u/diydude2', 15, '2023-03-27 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwb372/', "I heard China's about to ban Bitcoin again, and Mount Gox coins are about to hit the market.", '123ao9q'], ['u/_TROLL', 18, '2023-03-27 19:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwb9n5/', 'The worst FUD is yet to come -- "*Jim Cramer says it\'s time to buy bitcoin.*" 😋', '123ao9q'], ['u/chrisgilesphoto', 13, '2023-03-27 20:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwev7z/', "The world's a big place, Binance US can just shut down and Global Binance will still be there.", '123ao9q'], ['u/chrisgilesphoto', 12, '2023-03-27 20:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwmqxh/', "I really hope this develops into a striesand effect. The us economy is hitting the skids and the ctfc is going 'hey guys never mind us and the political connections sbf and ftx had, feast your eyes on the real bad guy over there'", '123ao9q'], ['u/delgrey', 17, '2023-03-27 21:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwojrm/', '"White house says banking system is safe"\n\nWhy do they keep saying that?', '123ao9q'], ['u/zberg69420', 10, '2023-03-27 21:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdws7em/', '\\*this is fine\\* meme', '123ao9q'], ['u/xtal_00', 15, '2023-03-27 21:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwuypt/', "Because it's not.", '123ao9q'], ['u/setzer', 12, '2023-03-27 21:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwvkgy/', "Trying to prevent bank runs I'd guess, if there is a panic good chance more banks will fail that would have otherwise been fine. Entire system is a house of cards.", '123ao9q'], ['u/stevenwilkin', 10, '2023-03-27 22:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwwcf3/', 'Last year trading fees for BTCUSDT were set to 0. They were re-enabled on Thursday 23rd\n\nEdit: spelling', '123ao9q'], ['u/thomask02', 18, '2023-03-27 22:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdwwfsz/', 'Cuz they ditched zero trading fee promotion that they offered a few months ago.', '123ao9q'], ['u/megahorse17', 10, '2023-03-27 22:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdx3fty/', "If you were a bigger player you wouldn't need to, since they offer you a line of credit via Binance Mirror or Fireblocks", '123ao9q'], ['u/_TROLL', 27, '2023-03-27 22:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdx5cmj/', "You have to put it into context -- 8 or 9 years ago, news like a major exchange being sued by the CFTC would have tanked the Bitcoin price 50% within a day. These days, it's almost a yawner. More people are realizing that petty moves by the government don't really have anything to do with how the Bitcoin network functions.", '123ao9q'], ['u/ChadRun04', 15, '2023-03-27 23:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdxaz50/', 'Nasdaq news site telling me today that I shouldn\'t buy any more Square because:\n\n*"The company has spent irrationally on Bitcoin and other cryptocurrency products, with no regard for return on invested capital (ROIC)"*\n\nThat to me just looks like an information asymmetry where I understand Lightning Network\'s place in becoming their future backend infrastructure.\n\nYawn, thanks for the heads-up that it\'s a good time to buy.', '123ao9q'], ['u/_TROLL', 19, '2023-03-27 23:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/123ao9q/daily_discussion_monday_march_27_2023/jdxbgn6/', '> The company has spent **irrationally** on Bitcoin\n\nThey bought √2 BTC, e times every 𝝅 days...? 🤓', '123ao9q']]], ['u/rBitcoinMod', 'Daily Discussion, March 27, 2023', 45, '2023-03-27 08:04', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/122cuj1/daily_discussion_march_26_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/', '123dclr', [['u/MiceAreTiny', 11, '2023-03-27 13:37', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jduwham/', '20 years in prison for knowing a number? (private key)\n\nHow are you enforcing that? Ask everyone to write down all numbers they know, and whatever number fits with a private key (hint: all of them) gets you arrested?\n\nBitcoin is resistant.\n\nIf a government would consider trying such a thing, relocation would be the solution. I am not a big fan of El Salvador, but depending on the incentives other countries pose, I could become El Salvadorian.', '123dclr'], ['u/sinbad-633', 12, '2023-03-27 14:16', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jdv0hf5/', '$MSTR bought another 6455 coins. Trying to pump it singlehanded. \n\n[From the giga chad himself](https://twitter.com/saylor/status/1640325496654143488?s=46&t=pqf_rtBgOju-bVTulfkyGA)', '123dclr'], ['u/escodelrio', 13, '2023-03-27 15:50', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jdvbmzq/', 'Historical Bitcoin\xa0prices for today, March 27th:\n\n2023 - $27,915\n\n2022 - $46,631\n\n2021 - $55,854\n\n2020 - $6,699\n\n2019 - $4,052\n\n2018 - $7,790\n\n2017 - $1,040\n\n2016 - $425\n\n2015 - $247\n\n2014 - $478\n\n2013 - $89\n\nVia [Twitter](https://twitter.com/btchistorical/status/1640308290302115841).', '123dclr'], ['u/HurricaneHarvey7', 11, '2023-03-27 17:22', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jdvoskx/', 'Oh Noes CZ is being investigated, better sell your Bitcoin! /s', '123dclr'], ['u/andyszal', 14, '2023-03-27 17:39', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jdvrh33/', 'Saylor announces he bought ——> price goes down. As is tradition.', '123dclr'], ['u/WhaleFactory', 31, '2023-03-27 19:05', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jdw4pwz/', "Stay humble. \nGet your house in order. \nCultivate a healthy psychology around stacking. \nThe transition from where we are to where we we will be is likely to be violently turbulent. You will doubt yourself constantly, so put in place a rigid framework and stick to it. \nStacking sats these last couple weeks is as easy as it will ever be psychologically. Stacking at the top, and getting your face ripped off as it comes back to earth is not easy. Stacking at the bottom, and getting your face ripped off as it blasts into space is not easy. \nMake a plan. Stick to it. Do not ignore your fiat finances, having them in order will allow you to ride out the volatility. \n***Either Bitcoin makes me fabulously rich or it goes to zero.*** \nI obviously don't believe it will go to zero, but I am prepared for such a scenario. To the point that I would not be materially impacted if it happened. My life would continue on unfazed, bills would be paid, emergency savings would remain in tact and food would be on the table. \nWhether you can see it right now or not, your biggest enemy is emotion. Do everything you can to shield your stack and stacking habits from them. Which means auto-buy or DCA. \nThat is all. Carry on.", '123dclr'], ['u/Umpire_State_Bldg', 12, '2023-03-27 21:15', 'https://www.reddit.com/r/Bitcoin/comments/123dclr/daily_discussion_march_27_2023/jdwp98m/', 'That depends on how many bathrooms are nearby.', '123dclr']]], ['u/Rowelt85', 'Cheapest way to send BTC from Crypto Earn to external wallet?', 11, '2023-03-27 08:16', 'https://www.reddit.com/r/Crypto_com/comments/123dkd3/cheapest_way_to_send_btc_from_crypto_earn_to/', "Hello all,\n\nAs the subject says, I have a quite small amount of BTC in Crypto Earn and I would like to send it to another wallet, out of [Crypto.com](https://Crypto.com). \n\nWhich is the cheapest way? I know that, for buyig, the exchange is better than the app. But that's not useful in this case. \n\nThanks for the responses.", 'https://www.reddit.com/r/Crypto_com/comments/123dkd3/cheapest_way_to_send_btc_from_crypto_earn_to/', '123dkd3', [['u/Javi77', 11, '2023-03-27 15:12', 'https://www.reddit.com/r/Crypto_com/comments/123dkd3/cheapest_way_to_send_btc_from_crypto_earn_to/jdv6u91/', 'Well I just did as suggested, \n\nBTC hold in app > swap to XLM > withdraw from app to ledger > swap from XLM to BTC in ledger\n\nAnd the total loss of the transaction is 0.001 BTC. So it turned out to be more expensive than just paying the 0.0006 BTC fee', '123dkd3']]], ['u/Socialinfluencing', 'Even if you bought Btc in 2010, market manipulators and your own psychology would have made you sell before getting rich.', 159, '2023-03-27 08:28', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/', "There are very very few people that have actually held Btc or any crypto for that matter and gone on to make life changing money. You hear people repeat this mantra all the time '' for every success story you don't hear about 10000 people that lost money! ' Is this because the world is unfair? No, rather because most people are led by their emotions and quite easy to manipulate because the average person's psychology is manipulated and bent to the degree that most peoples actions become quite predictable by adulthood. \n\nGenerally people play it safe, their mum and dad put money in a bank etc. Btc is new, it hasn't existed for as long so since most people protect their money or are generationally taught ' how money works ' they follow this mantra simply because everyone else does too. Look at the recent bank failures, hell go back to 2008 when the entire world practically burned and still people use banks, that's how powerful repetition and the psychology of manipulation is, people will even return to a financial beating if it's familiar enough.\n\nThere is one positive, crypto is still very much new in that way and will continue to grow as generations grow up around it and eventually engage in its usage. So don't feel bad that you didn't pick Btc at a couple bucks because you've been conditioned and will have likely sold it long before you would have made substantial gains anyway. What you can instead do is question your psychology and challenge it from time to time, studying the market and how monetary policy relates to it all can reveal quite a picture. Emotion is the killer here, it literally lights the match and your psychology and repeated learned and familiar (including social and familial) behaviour burns you. This probably sounds like one long ass way of saying hodl, but it's slightly more complicated.", 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/', '123dt1e', [['u/TheGreatCryptopo', 28, '2023-03-27 08:41', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jduazk2/', 'I got my first Moons in June 2020 and have done nada with every one of them. In March 2033 a post like this will be written and I will be sitting on a billion dollars worth of Moons.', '123dt1e'], ['u/Tarskin_Tarscales', 24, '2023-03-27 08:46', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jdubbxa/', "Hence, there's the tip to never sell in bulk, but rather to sell say 10% of your stash, every 10% price increase. That way you guarantee profits on the way up, and always retain some to sell.", '123dt1e'], ['u/HerrW00dy', 10, '2023-03-27 08:47', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jdubg2d/', 'The longer you are in this subReddit, the more you see reposts from a few weeks/months ago', '123dt1e'], ['u/l33tTA', 11, '2023-03-27 08:53', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jdubwie/', 'Keep telling yourself that if it makes you feel better, people always say "you wouldve sold" but whos to say you wouldnt stay in the markets for years?\n\n\nIts not like youre selling your crypto now for 2x gains lol youre probably gonna be tracking btc for another decade', '123dt1e'], ['u/Capable-Site-301', 14, '2023-03-27 09:01', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jducf8u/', "It's pretty amazing how far posters in this sub go to try to convince themselves that crypto millionaires don't exist.\n\nNewsflash: a lot of people bought Bitcoin and other coins early, held, and became millionaires. You will hear multiple stories of this every bull cycle. \n\nRight now, there is a coin out there that if you invest a few thousand into today and hold for a few cycles, would make you a millionaire.\n\nOP, stop projecting your own impatience onto others.", '123dt1e'], ['u/StolenApe', 19, '2023-03-27 09:27', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jdue9hu/', 'Or reddit will get sued by the sec for issuing unregistered securities and they will be worth 0', '123dt1e'], ['u/Izzeheh', 16, '2023-03-27 09:52', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jdufvb7/', "DCA in, DCA out. It'll be my go-to next bull, last time I sold all my BNB at like 150$.", '123dt1e'], ['u/Schapsouille', 33, '2023-03-27 11:23', 'https://www.reddit.com/r/CryptoCurrency/comments/123dt1e/even_if_you_bought_btc_in_2010_market/jdulzjj/', 'I love people projecting themselves on others.', '123dt1e']]], ['u/Psilonemo', "What's the worst case scenario for Nano?", 35, '2023-03-27 09:57', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/', 'Obviously I know all the positive aspects of Nano. \n\\- Nano is not a security unlike coins that are staked, so the SEC won\'t screw it over. \n\\- Nano will always remain fee-less and green no matter what. \n\\- Nano has a fixed supply, so it is deflationary. \n\\- There is no question of "what if people stop mining??" \n\\- Nano will decentralize over time by design \n\\- Nano is not totally private and anonymous like Monero so centralized governments and legal businesses which is 99% of the world has no reason to try to ban Nano. \n\\- As computing power and internet speeds improve over time Nano\'s speed will scale together. \n\n\nBut what\'s the worst case scenario for Nano? How should I manage risk with Nano? The only negative things about Nano I know is the following. \n\\- Nano gets spammed in ever more creative ways, the battle seems to be never ending. \n\\- Nano\'s TPS is still not as fast as most people would like and there is no obvious sign it will improve. \n\\- Although Nano\'s community has grown larger over time, its actual utilization has not been growing as fast. \n\\- Should a major black swan event happen to crypto, Nano will very likely be hit along with bitcoin and all the major altcoins. Even though price decrease has nothing to do with fundamentals, that might hinder development. \n\n\nIs there a worse way to look at Nano that\'s fundamentally factual?', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/', '123ftc6', [['u/DramaticFirefighter8', 23, '2023-03-27 10:36', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/jduiuvu/', 'Worst case scenario is when in a bear run the liquidity dries up, major exchanges delist it and it never recovers', '123ftc6'], ['u/UE4Gen', 28, '2023-03-27 11:34', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/jdumq8t/', "Nano does have plans on long term TPS improvements like horizontal scaling but pointless goal until we start seeing a huge jump in demand.\n\nMy couple of worst cases:\n\n-Crypto doesn't end up getting used for payments.\n\n-Colin stops developing before there is traction, he is the backbone of the protocol.\n\n-Procotol is exploited or compromised.\n\n-Alternative to Nano comes around.\n\n-Trustable launches unstable and never gains a meaningful audience.\n\n-Flowhub decides to not intergrate.\n\nFuture is bright but questions like these are important for any project. \n\nI feel it is really a matter of time but even if the protocol is perfect you'll need a solid use case.", '123ftc6'], ['u/AmbitiousPhilosopher', 11, '2023-03-27 11:50', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/jdunur4/', 'Worst case is an attack so bad, that it is unusable for so long, that everyone that owns nano or has a use for it, gives up on trying to fix it.', '123ftc6'], ['u/JusticeLoveMercy', 14, '2023-03-27 14:33', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/jdv27xk/', 'War so bad that destroys the internet.', '123ftc6'], ['u/NanoYoBusiness', 11, '2023-03-27 14:52', 'https://www.reddit.com/r/nanotrade/comments/123ftc6/whats_the_worst_case_scenario_for_nano/jdv4flw/', 'We don’t need Binance, at all. It’s just icing on the cake as far as I’m concerned. Kraken is way better and would gladly take the volume if Binance ever fully delists, and there are still many others. CZ ain’t the only game in town.\n\nFor the record I don’t think Binance would delist on the major pairs. Nano has had several days where it was either the highest volume or one of the highest. I also suspect Binance owns a decent stack of their own and has a vested interest (albeit relatively small) in its success.', '123ftc6']]], ['u/notp', '/r/Atlanta Flight Deals. March 27, 2023', 157, '2023-03-27 12:46', 'https://www.reddit.com/r/Atlanta/comments/123j58u/ratlanta_flight_deals_march_27_2023/', '[Atlanta to Copenhagen, 1 stop: $665](https://www.google.com/travel/flights?tfs=CBsQAnp0Q2pSSVJYcExRa2xsWTA5T2EwRkJXakJaT1ZGQ1J5MHRMUzB0TFMwdExYVnFjMkl4TlVGQlFVRkJSMUZvWTBsWlIxWlNTa0ZCRWd0TVNEUTBOWHhNU0RneU5ob0xDSU9IQkJBQ0dnTlZVMFE0SEhDRGh3UT0aMGoHCAESA0FUTBIKMjAyMy0wNC0yOHIMCAISCC9tLzAxbGZ5KAE6AlRLOgJOS2CEBxowagwIAhIIL20vMDFsZnkSCjIwMjMtMDUtMDVyBwgBEgNBVEwoAToCVEs6Ak5LYIQHcAFAAUgBmAEBUgNVU0RgoAayARIYASABKgwIAhIIL20vMDFsZnk&hl=en-US&curr=USD&sa=X&ved=0CAUQtY0DahgKEwiQ88PC7_v9AhUAAAAAHQAAAAAQuxI)\n\n[Atlanta to Vienna, 1 stop: $668](https://www.google.com/travel/flights/search?tfs=CBwQAhowagcIARIDQVRMEgoyMDIzLTEwLTMxcgwIAhIIL20vMGZocDkoAToCVEs6Ak5LYIQHGjBqDAgCEggvbS8wZmhwORIKMjAyMy0xMS0wN3IHCAESA0FUTCgBOgJUSzoCTktghAdwAYIBCwj___________8BQAFIAZgBAWCgBg&hl=en-US&curr=USD)\n\n[Atlanta to Budapest, 1 stop: $727](https://www.google.com/travel/flights?tfs=CBsQAnp4Q2pSSVVUTmxhRVk0Y2xsWllYTkJZWGRuYjNkQ1J5MHRMUzB0TFMwdExTMTFhbk54TTBGQlFVRkJSMUZvWTJSVlQwWnlXVUZCRWc1TVNEUTBOWHhNU0RFek16WWpNaG9MQ0oyM0JCQUNHZ05WVTBRNEhIQ2R0d1E9GjBqBwgBEgNBVEwSCjIwMjMtMDktMjRyDAgCEggvbS8wOTV3XygBOgJUSzoCTktghAcaMGoMCAISCC9tLzA5NXdfEgoyMDIzLTEwLTAzcgcIARIDQVRMKAE6AlRLOgJOS2CEB3ABQAFIAZgBAVIDVVNEYKAGsgESGAEgASoMCAISCC9tLzA5NXdf&hl=en-US&curr=USD&sa=X&ved=0CAUQtY0DahgKEwiQ88PC7_v9AhUAAAAAHQAAAAAQuBQ)\n\n[Atlanta to Oslo, 1 stop: $656](https://www.google.com/travel/flights/search?tfs=CBwQAhowagcIARIDQVRMEgoyMDIzLTEwLTAzcgwIAhIIL20vMDVsNjQoAToCVEs6Ak5LYIQHGjBqDAgCEggvbS8wNWw2NBIKMjAyMy0xMC0xMHIHCAESA0FUTCgBOgJUSzoCTktghAdwAYIBCwj___________8BQAFIAZgBAWCgBg&hl=en-US&curr=USD)\n\n[Atlanta to Stockholm, 1 stop: $645](https://www.google.com/travel/flights/search?tfs=CBwQAhowagcIARIDQVRMEgoyMDIzLTA0LTI2cgwIAhIIL20vMDZteHMoAToCVEs6Ak5LYIQHGjBqDAgCEggvbS8wNm14cxIKMjAyMy0wNS0wM3IHCAESA0FUTCgBOgJUSzoCTktghAdwAYIBCwj___________8BQAFIAZgBAWCgBg&hl=en-US&curr=USD)\n\n[Atlanta to Helsinki, 1 stop: $657](https://www.google.com/travel/flights?tfs=CBsQAnp0Q2pSSVdUZE1Oa05oUlVJd1NYZEJZWEpCU2tGQ1J5MHRMUzB0TFMwdExTMTFhbk5zTWtGQlFVRkJSMUZvWTBkalJETlRSMEZCRWd0QlFUTXpPVFo4UVZreE1Cb0xDUGVBQkJBQ0dnTlZVMFE0SEhEM2dBUT0aMGoHCAESA0FUTBIKMjAyMy0wOS0yNXIMCAISCC9tLzAza2huKAE6AlRLOgJOS2CEBxowagwIAhIIL20vMDNraG4SCjIwMjMtMTAtMDNyBwgBEgNBVEwoAToCVEs6Ak5LYIQHcAFAAUgBmAEBUgNVU0RgoAayARIYASABKgwIAhIIL20vMDNraG4&hl=en-US&curr=USD&sa=X&ved=0CAUQtY0DahgKEwiQ88PC7_v9AhUAAAAAHQAAAAAQghI)\n\n[Atlanta to Gothenburg, 1 stop: $664](https://www.google.com/travel/flights?tfs=CBsQAnp0Q2pSSVRUZERjMVJHTkRSRU5GbEJXalF3VmtGQ1J5MHRMUzB0TFMwdExYVnFjbkF4TmtGQlFVRkJSMUZvWWw5dlMyeHFha0ZCRWd0RVREY3dmRXRNTVRFMU14b0xDTnVHQkJBQ0dnTlZVMFE0SEhEYmhnUT0aMGoHCAESA0FUTBIKMjAyMy0wNC0yOHIMCAISCC9tLzAzNDNfKAE6AlRLOgJOS2CEBxowagwIAhIIL20vMDM0M18SCjIwMjMtMDUtMDRyBwgBEgNBVEwoAToCVEs6Ak5LYIQHcAFAAUgBmAEBUgNVU0RgoAayARIYASABKgwIAhIIL20vMDM0M18&hl=en-US&curr=USD&sa=X&ved=0CAUQtY0DahgKEwiQ88PC7_v9AhUAAAAAHQAAAAAQxRE)\n\n[Atlanta to Billund, 1 stop: $656](https://www.google.com/travel/flights?tfs=CBsQAnp4Q2pSSWVXdHdhRTg0ZGw5aFZHZEJXbnBFZGtGQ1J5MHRMUzB0TFMwdExYVnFjblV4TVVGQlFVRkJSMUZvWTFCM1FUVkpSRUZCRWcxTVNEUTBOWHhNU0Rnek5pTXhHZ3NJLy84REVBSWFBMVZUUkRnY2NQLy9Bdz09GjJqBwgBEgNBVEwSCjIwMjMtMDQtMjdyDggCEgovbS8wNWI2bTc5KAE6AlRLOgJOS2CEBxoyag4IAhIKL20vMDViNm03ORIKMjAyMy0wNS0wNHIHCAESA0FUTCgBOgJUSzoCTktghAdwAUABSAGYAQFSA1VTRGCgBrIBFBgBIAEqDggCEgovbS8wNWI2bTc5&hl=en-US&curr=USD&sa=X&ved=0CAUQtY0DahgKEwiQ88PC7_v9AhUAAAAAHQAAAAAQ2RI)\n\n[Atlanta to Geneva, 1 stop: $669](https://www.google.com/travel/flights?tfs=CBsQAnp4Q2pSSWJVeHpiWGh4Y2xnNFZGbEJXbTFKU2tGQ1J5MHRMUzB0TFMwdExTMTFhbko1TlVGQlFVRkJSMUZvWTFSUlR6RktkVUZCRWcxVlFUY3pNSHhWUVRrM05DTXhHZ3NJazRvRUVBSWFBMVZUUkRnY2NKT0tCQT09GjBqBwgBEgNBVEwSCjIwMjMtMDQtMjdyDAgCEggvbS8wMzkwMigBOgJUSzoCTktghAcaMGoMCAISCC9tLzAzOTAyEgoyMDIzLTA1LTA0cgcIARIDQVRMKAE6AlRLOgJOS2CEB3ABQAFIAZgBAVIDVVNEYKAGsgESGAEgASoMCAISCC9tLzAzOTAy&hl=en-US&curr=USD&sa=X&ved=0CAUQtY0DahgKEwiQ88PC7_v9AhUAAAAAHQAAAAAQ_hM)\n\n\n*********************************************************\n\n**Notes**\n\n* If you are traveling to an EU country, you\'ll need to get the [EU Digital COVID Certificate](https://ec.europa.eu/info/live-work-travel-eu/coronavirus-response/safe-covid-19-vaccines-europeans/eu-digital-covid-certificate_en).\n\n* A covid test might be required for your return flight.\n\n* u/ATL30308 had a great point a while back: "*Make sure to check entry/vaccination/testing/quarantine requirements very carefully before booking. A lot of these places are either not open to travelers from the US (and may or may not be in the near future) or have special requirements for foreigners.*"\n\n* We probably won\'t be seeing <$400 flights any time soon due to COVID.\n\n* The use Google Flights to find a date that works for you. Click the date to the right and let the calendar populate with the prices.\n\n* Some of the airlines are only showing prices for the shitty basic economy (Can\'t pick seat, etc), so expect the price to be a little more. Especially with Delta.\n\n* I would recommend buying from the airline\'s website instead of third party (priceline, expedia, etc). \n\n* Ideally, you want your layover to be in the same country as your point of origin. So your final destination is where you go through customs and not worry about missing a flight. If that isn\'t the case, try to find a flight with 2+ hour layover.\n\n* If you find a better deal, post the link.', 'https://www.reddit.com/r/Atlanta/comments/123j58u/ratlanta_flight_deals_march_27_2023/', '123j58u', [['u/HHcougar', 44, '2023-03-27 15:40', 'https://www.reddit.com/r/Atlanta/comments/123j58u/ratlanta_flight_deals_march_27_2023/jdvabgm/', ">We probably won't be seeing <$400 flights any time soon due to COVID.\n\nSuch a shame. Seeing flights at $650, my first reaction is *dang that's expensive*, but I need to remember that's actually a good deal now.", '123j58u']]], ['u/Wide_big_tall', 'What are the chances to create a new wallet and find out someone before had funded that address by mistake?', 100, '2023-03-27 13:13', 'https://www.reddit.com/r/CryptoCurrency/comments/123jstw/what_are_the_chances_to_create_a_new_wallet_and/', 'If someone for some reason sent coins in the past to a valid bitcoin address which has not yet been used by anyone \n\nthey sit under that address until someone does get lucky enough to create a wallet using that address.\n\nRemember - when you “send bitcoins” you don’t send anything at all - you simply create a new entry on the blockchain ledger which says “this value is now protected by the owner of the private key which matches this public key (the bitcoin address)”\nYou never even had the coin...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today In a blog post Monday, Binance CEO Changpeng Zhao said that a lawsuit filed earlier in the day contained \x93an incomplete recitation of facts.\x94 \x93We do not agree with the characterization of many of the issues alleged in the complaint,\x94 Zhao said, also calling the complaint \x93unexpected and disappointing.\x94 The lawsuit , filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suit also alleges that the company, under Zhao\x92s leadership, directed its employees to spoof their locations through the use of virtual private networks. Zhao touted the exchange giant\x92s compliance technology, including its know-your-customer program. He wrote that the exchange had 750 people in its compliance teams, \x93many with prior law enforcement and regulatory agency backgrounds,\x94 and noted that the company had 16 licenses and registrations worldwide. According to the CFTC, the exchange, which has a U.S. affiliate, Binance.US , created a system to hide its true reach and operations. In a press release , CFTC Chief Counsel Gretchen Lowe called Binance\x92s actions \x93willful evasion of U.S. law,\x94 pointing to internal chats and emails. Moreover, the suit alleged, Binance directed customers in the U.S. to use a variety of methods to evade restrictions on U.S-based customers. \x93Binance has instructed U.S. customers to evade such controls by using [virtual privacy networks] to conceal their true location,\x94 the suit alleges. In his blog post, Zhao highlighted Binance\x92s 90-day, no-day-trading policy, writing that employees \x93are not allowed to sell a coin within 90 days of\x94 their most recent purchases, or the reverse. \x93This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,\x94 Zhao wrote. In listing the CEO as a defendant, the CFTC alleges that Zhao was the \x93direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform,\x94 and was likewise the \x93direct or indirect owner of approximately 300 separate Binance accounts\x94 that engaged in prop trading on the Binance trading platform. Zhao wrote that he has two accounts at Binance, one for his Binance Card and the other for his crypto holdings. \x93I eat our own dog food and store my crypto on Binance.com ,\x94 he wrote, adding that he occasionally converted crypto to pay \x93for personal expenses or for the Card.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nIna blog postMonday, Binance CEO Changpeng Zhao said that a lawsuit filed earlier in the day contained “an incomplete recitation of facts.”\n“We do not agree with the characterization of many of the issues alleged in the complaint,” Zhao said, also calling the complaint “unexpected and disappointing.”\nThe lawsuit, filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suitalso allegesthat the company, under Zhao’s leadership, directed its employees to spoof their locations through the use of virtual private networks.\nZhao touted the exchange giant’s compliance technology, including its know-your-customer program.\nHe wrote that the exchange had 750 people in its compliance teams, “many with prior law enforcement and regulatory agency backgrounds,” and noted that the company had 16 licenses and registrations worldwide.\nAccording to the CFTC, the exchange, which has a U.S. affiliate,Binance.US, created a system to hide its true reach and operations.\nIn a press release, CFTC Chief Counsel Gretchen Lowe called Binance’s actions “willful evasion of U.S. law,” pointing to internal chats and emails.\nMoreover, the suit alleged, Binance directed customers in the U.S. to use a variety of methods to evade restrictions on U.S-based customers. “Binance has instructed U.S. customers to evade such controls by using [virtual privacy networks] to conceal their true location,” the suit alleges.\nIn his blog post, Zhao highlighted Binance’s 90-day, no-day-trading policy, writing that employees “are not allowed to sell a coin within 90 days of” their most recent purchases, or the reverse. “This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,” Zhao wrote.\nIn listing the CEO as a defendant, the CFTC alleges that Zhao was the “direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform,” and was likewise the “direct or indirect owner of approximately 300 separate Binance accounts” that engaged in prop trading on the Binance trading platform.\nZhao wrote that he has two accounts at Binance, one for his Binance Card and the other for his crypto holdings. “I eat our own dog food and store my crypto onBinance.com,” he wrote, adding that he occasionally converted crypto to pay “for personal expenses or for the Card.”', 'The business and legal worlds are filled with complex contracts and documents that must be carefully read to ensure they are understood, comply with a litany of laws and rules, and are properly filed and updated. Tracking legal cases and findings is a full-time job. Some of these documents can be hundreds of pages long, and take hours to review. Mayo Oshin, an artificial intelligence engineer in the UK, wants to change this using AI. Oshin’s latest project, dubbed Warren Buffett, is aimed at the financial sector and documents. I built a GPT-4 \'Warren Buffett\' financial analyst to \'chat\' with and analyze multiple PDF files (~1000 pages) across @elonmusk \'s Tesla 10-k annual reports (2020-2022) #gpt4 #openai #investing #stocks #finance pic.twitter.com/AX75f28mBA — Mayo (@mayowaoshin) March 27, 2023 Oshin says he named the bot after Buffett because it was designed to analyze financial documents in the style of the famed value investor. Elon Musk Weighs in After Warren Buffett Says He Wouldn\'t Pay $25 for Every Bitcoin Based in London, England, Oshin contributes to an open-source framework called LangChain that provides various tools and resources to facilitate the development of AI applications. FYI this was powered by @LangChainAI , @pinecone and @OpenAI — Mayo (@mayowaoshin) March 27, 2023 “A trend among companies is to incorporate the concept of retrieval in their AI systems,” Oshin told Decrypt in an interview. Retrieval refers to the ability to “chat with data,” and this feature, Mayo added, has become a crucial need for many businesses. As someone who has been experimenting with retrieval capabilities for some time, Oshin says he recognized a growing demand for practical examples of how the technology could be applied to different types of documents and data. Story continues “There have been many complaints about how long it takes to read annual reports,” he said. “For example, investors in Tesla may want to make sense of current risk factors or how management is performing, but the annual reports can be hundreds of pages long.” The project’s goal is to show how AI can assist in analyzing large and complex documents, making it easier and faster to extract relevant information using retrieval capabilities that let users converse with data and receive meaningful insights, which hopefully leads to better decision-making. Institutional Traders Shifting Attention from Blockchain to AI: JP Morgan “You can kind of think of it as retrieving relevant sections of your document, as opposed to having to read the entire document, but it’s doing it based on natural language,” Oshin said. As he explained, the idea behind the chatbot was to demonstrate that the bot is capable of more than just one-directional interactions, which have been a focus in discussions surrounding AI. “Typically, this involves using [ChatGPT] to perform a specific task on a single PDF file or piece of information,” he said. “However, I wanted to highlight that the demo can perform analysis over time using a time series approach.” One example is the analysis of cash flow performance over several years to reveal trends. Tutorial Youtube Video: https://t.co/Ocu3tVLKLS Github repo (please note this the original template used for the demo adapted for this usecase): https://t.co/DZ0sMKZpx8 My visual diagram of the pdf chatbot architecture below... pic.twitter.com/VPjMZUDICv — Mayo (@mayowaoshin) March 27, 2023 “Many people believe that AI is expensive, but in reality, it can be cost-effective,” Oshin said, adding that he believes the reason the technology has gone viral is that people are both excited about and scared of what AI means for knowledge work. He acknowledges that it is a concern that’s driving some of the interest and discussion around AI and its impact on the workforce. “What\'s scary is the people working on AI research, they themselves don\'t even know what\'s capable of,” Oshin added. “When you\'re dealing with something that is beginning to think for itself, that\'s a gray area." — View comments', 'The business and legal worlds are filled with complex contracts and documents that must be carefully read to ensure they are understood, comply with a litany of laws and rules, and are properly filed and updated. Tracking legal cases and findings is a full-time job.\nSome of these documents can be hundreds of pages long, and take hours to review. Mayo Oshin, an artificial intelligence engineer in the UK, wants to change this using AI. Oshin’s latest project, dubbed Warren Buffett, is aimed at the financial sector and documents.\nOshin says he named the bot after Buffett because it was designed to analyze financial documents in the style of the famed value investor.\nElon Musk Weighs in After Warren Buffett Says He Wouldn\'t Pay $25 for Every Bitcoin\nBased in London, England, Oshin contributes to an open-source framework calledLangChainthat provides various tools and resources to facilitate the development of AI applications.\n“A trend among companies is to incorporate the concept of retrieval in their AI systems,” Oshin toldDecryptin an interview. Retrieval refers to the ability to “chat with data,” and this feature, Mayo added, has become a crucial need for many businesses.\nAs someone who has been experimenting with retrieval capabilities for some time, Oshin says he recognized a growing demand for practical examples of how the technology could be applied to different types of documents and data.\n“There have been many complaints about how long it takes to read annual reports,” he said. “For example, investors in Tesla may want to make sense of current risk factors or how management is performing, but the annual reports can be hundreds of pages long.”\nThe project’s goal is to show how AI can assist in analyzing large and complex documents, making it easier and faster to extract relevant information using retrieval capabilities that let users converse with data and receive meaningful insights, which hopefully leads to better decision-making.\nInstitutional Traders Shifting Attention from Blockchain to AI: JP Morgan\n“You can kind of think of it as retrieving relevant sections of your document, as opposed to having to read the entire document, but it’s doing it based on natural language,” Oshin said.\nAs he explained, the idea behind the chatbot was to demonstrate that the bot is capable of more than just one-directional interactions, which have been a focus in discussions surrounding AI.\n“Typically, this involves using [ChatGPT] to perform a specific task on a single PDF file or piece of information,” he said. “However, I wanted to highlight that the demo can perform analysis over time using a time series approach.” One example is the analysis of cash flow performance over several years to reveal trends.\n“Many people believe that AI is expensive, but in reality, it can be cost-effective,” Oshin said, adding that he believes the reason the technology has gone viral is that people are both excited about and scared of what AI means for knowledge work. He acknowledges that it is a concern that’s driving some of the interest and discussion around AI and its impact on the workforce.\n“What\'s scary is the people working on AI research, they themselves don\'t even know what\'s capable of,” Oshin added. “When you\'re dealing with something that is beginning to think for itself, that\'s a gray area."\n—', 'By Kevin Buckland TOKYO, March 28 (Reuters) - The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets. The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese corporations into the end of the country\'s fiscal year on Friday. The risk-sensitive Australian dollar also jumped, while the euro and sterling pushed higher. The U.S. dollar index - which gauges the currency against six peers, including the yen - declined 0.14% to 102.6 during Asian trading, extending Monday\'s 0.35% drop. The greenback dropped as much as 0.86% to 130.62 yen at one point, and was last off 0.55%, undoing most of the previous session\'s 0.64% jump, when it tracked a 15 basis point surge in long-term Treasury yields, the biggest in six months. The 10-year yield was little changed in Tokyo trading on Tuesday at around 3.52%. "The time of the year - the Japanese fiscal end - I think there are some flows from Japanese repatriating," said Bart Wakabayashi, branch manager at State Street in Tokyo. "If that\'s it, it\'s pretty much a one-off, and then we\'ll get back to basics, which is essentially following yields." While the market is taking some solace from First Citizens BancShares\' agreement to buy all of Silicon Valley Bank\'s deposits and loans, Wakabayashi says no one is being complacent. "There is a big cloud - I won\'t say dark cloud, but definitely a cloud - and I think people are at least positioning for what they need to do if this thing moves in the wrong direction," he said. "For the moment, dollar is king - dollar is paying interest rates, dollar is safe. Even if it gets sold off, it won\'t be huge, and it will bounce back." The dollar index reached a three-month high of 105.88 on March 8, before sliding as low as 101.91 last week as risk sentiment waxed and waned with the banking headlines. Story continues The euro was 0.13% stronger at $1.08135 on Tuesday, while sterling added 0.24% to $1.2316. The Aussie rallied 0.41% to $0.66785. New Zealand\'s kiwi dollar rose 0.37% to $0.6219. Bitcoin edged slightly lower to around $27,029, remaining on the back foot after a 3% slide on Monday, when cryptocurrency exchange Binance temporarily suspended some operations due to technical glitches. (Reporting by Kevin Buckland; Editing by Sam Holmes)', 'By Kevin Buckland\nTOKYO, March 28 (Reuters) - The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets.\nThe yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese corporations into the end of the country\'s fiscal year on Friday.\nThe risk-sensitive Australian dollar also jumped, while the euro and sterling pushed higher.\nThe U.S. dollar index - which gauges the currency against six peers, including the yen - declined 0.14% to 102.6 during Asian trading, extending Monday\'s 0.35% drop.\nThe greenback dropped as much as 0.86% to 130.62 yen at one point, and was last off 0.55%, undoing most of the previous session\'s 0.64% jump, when it tracked a 15 basis point surge in long-term Treasury yields, the biggest in six months. The 10-year yield was little changed in Tokyo trading on Tuesday at around 3.52%.\n"The time of the year - the Japanese fiscal end - I think there are some flows from Japanese repatriating," said Bart Wakabayashi, branch manager at State Street in Tokyo.\n"If that\'s it, it\'s pretty much a one-off, and then we\'ll get back to basics, which is essentially following yields."\nWhile the market is taking some solace from First Citizens BancShares\' agreement to buy all of Silicon Valley Bank\'s deposits and loans, Wakabayashi says no one is being complacent.\n"There is a big cloud - I won\'t say dark cloud, but definitely a cloud - and I think people are at least positioning for what they need to do if this thing moves in the wrong direction," he said.\n"For the moment, dollar is king - dollar is paying interest rates, dollar is safe. Even if it gets sold off, it won\'t be huge, and it will bounce back."\nThe dollar index reached a three-month high of 105.88 on March 8, before sliding as low as 101.91 last week as risk sentiment waxed and waned with the banking headlines.\nThe euro was 0.13% stronger at $1.08135 on Tuesday, while sterling added 0.24% to $1.2316.\nThe Aussie rallied 0.41% to $0.66785. New Zealand\'s kiwi dollar rose 0.37% to $0.6219.\nBitcoin edged slightly lower to around $27,029, remaining on the back foot after a 3% slide on Monday, when cryptocurrency exchange Binance temporarily suspended some operations due to technical glitches.\n(Reporting by Kevin Buckland; Editing by Sam Holmes)', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is hovering around $27,000 after the CFTC takes action against Binance. Insights: The Hong Kong branches of China\'s state-run banks want crypto. Now for the hard part. Prices CoinDesk Market Index (CMI) 1,163 −34.4 ▼ 2.9% Bitcoin (BTC) $26,958 −1062.0 ▼ 3.8% Ethereum (ETH) $1,709 −71.7 ▼ 4.0% S&P 500 3,977.53 +6.5 ▲ 0.2% Gold $1,960 −22.3 ▼ 1.1% Nikkei 225 27,476.87 +91.6 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) It\'s the CFTC vs. Liquidity Good morning. Bitcoin is starting the Asia business day down 3.8% to $26,958 after the U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao, alleging it offered unregistered crypto derivatives in the U.S. Binance’s BNB token is down 5.9% to $308 on the allegations. The question on the traders\' minds is how much of a going concern Binance is now that the CFTC has struck this blow. On the one hand, Binance’s CEO called the CFTC complaint “unexpected and disappointing,” yet, in February, the exchange said it is prepared to pay monetary penalties to “make amends” for sins of the past. At the same time, there is some debate about how much traders are shrugging off the CFTC’s allegations versus how much bitcoin has an ability to react to news because of a lack of liquidity. “When you have low liquidity, you tend to get very quiet markets,” Dan Gunsberg, co-founder of Solana-based derivatives liquidity protocol Hxro, said during a recent CoinDesk TV appearance. “You get these jumps in the market and these liquidity vacuums, where things move to a new price and immediately settle down again.” At the same time as the CFTC goes after Binance, the decentralization narrative continues. Decentralized derivatives exchange GMX\'s token rose by 4% during the last 24 hours, almost in parallel to how tokens of decentralized ether liquid staking platforms rose in February when the U.S. Securities and Exchange Commission took aim at staking. Story continues But just because something is decentralized, doesn’t mean regulators can’t go after it . Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +4.6% Currency Biggest Losers Asset Ticker Returns DACS Sector Gala GALA −6.9% Entertainment Chainlink LINK −6.3% Computing Polygon MATIC −6.3% Smart Contract Platform Insights China Banks\' Push for Hong Kong Crypto Business Faces Headwinds China’s state-owned banks’ Hong Kong branches – semi-autonomous entities that operate under Hong Kong\'s rules – are actively soliciting crypto business, in anticipation of the first phase of the Special Administrative Region\'s regulatory framework in June. But opening an account with them is another thing altogether. Bloomberg reported Monday that the banks making the pitches have gotten the green light from Beijing, and their respective headquarters. Sources from multiple crypto companies in Hong Kong that had either been pitched by the banks’ sales representatives, or made inbound inquiries, all say that the criteria for opening an account is burdensome and the know-your-customer/anti-money laundering (KYC/AML) process is longer than opening a regular business account. For instance, banks prefer that executives and key personnel at the crypto company reside in Hong Kong. A definite blocker would be if they are mainland Chinese nationals or U.S. citizens. If the company is owned by a Singapore-based parent, that firm would need to be a licensed entity by the Monetary Authority of Singapore. Sources were also told to expect a long account-opening process. Is it really progress? These banks, such as Bank of China and Bank of Communications, are some of the world’s largest , and it’d be unthinkable a few years ago that they would be actively soliciting crypto business considering Beijing’s hardline stance on the issue and the general hesitation of large banks to engage with crypto. After all, in the U.S., Silvergate and Signature found their market niche for this exact reason, with analysts saying the crypto industry will have a “difficult time finding traditional banks that will work with it” post their demise. These two banks made – and lost – their fortune with crypto: At the turn of the decade, they were both small, unknown banks before embracing crypto; Silvergate reported $2.12 billion in assets in December 2019 and peaked at $16 billion in December 2021. Although both Silvergate and Signature grew significantly throughout crypto’s boom years and institutionalization, their relatively small size means that they fell faster than they would have if they were larger like some of their peers. But not everyone thinks this is the first chapter of something new, considering the tough onboarding process. "The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.” Important events 12:00 p.m. HKT/SGT(4:00 UTC) Bank of Japan\'s Governor Kuroda Speech 9:15 p.m. HKT/SGT(13:15 UTC) European Central Bank\'s President Lagarde Speech 10:00 p.m. HKT/SGT(14:00 UTC) United States Consumer Confidence (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : First Citizens to Buy Much of Silicon Valley Bank; Cathie Wood\'s ARK Invest Buys More Coinbase A deal has been finalized for what’s left of Silicon Valley Bank. J. Christopher Giancarlo, Willkie Farr & Gallagher senior counsel and former Commodity Futures Trading Commission chairman, shared his reaction. Plus, Cathie Wood\'s ARK Invest bought $12.6 million of Coinbase shares on Friday. MarketVector Indexes digital asset product strategist Martin Leinweber shared his crypto markets analysis. Headlines CFTC Sues Binance, CEO Zhao Over \'Willful Evasion\' of U.S. Laws, Unregistered Crypto Derivatives Products : The regulator alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs. Gucci and Yuga Labs Are Bringing High Fashion to the Otherside : The firms will work together on the metaverse platform. Polygon zkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction : The release of Polygon’s zkEVM comes just days after competitor Matter Labs released its own zkEVM, zkSync Era. FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet : The estate now holds 33,125 ARB tokens worth around $42,000. G-7 Will Push for Tighter Global Crypto Regulations, Kyodo : Discussions on a global framework will speed up ahead of a May meeting of finance ministers and central bankers from the Group of 7 countries.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is hovering around $27,000 after the CFTC takes action against Binance.\nInsights:The Hong Kong branches of China\'s state-run banks want crypto. Now for the hard part.\nCoinDesk Market Index (CMI)\n1,163\n−34.4▼2.9%\nBitcoin (BTC)\n$26,958\n−1062.0▼3.8%\nEthereum (ETH)\n$1,709\n−71.7▼4.0%\nS&P 500\n3,977.53\n+6.5▲0.2%\nGold\n$1,960\n−22.3▼1.1%\nNikkei 225\n27,476.87\n+91.6▲0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nIt\'s the CFTC vs. Liquidity\nGood morning. Bitcoin is starting the Asia business day down 3.8% to $26,958 after theU.S. Commodity Futures Trading Commission (CFTC)sued crypto exchange Binance and founder Changpeng Zhao, alleging it offered unregistered crypto derivatives in the U.S.\nBinance’s BNB token is down 5.9% to $308 on the allegations.\nThe question on the traders\' minds is how much of a going concern Binance is now that the CFTC has struck this blow. On the one hand,Binance’s CEO called the CFTC complaint“unexpected and disappointing,” yet, in February,the exchange saidit is prepared to pay monetary penalties to “make amends” for sins of the past.\nAt the same time, there is some debate about how much traders are shrugging off the CFTC’s allegations versus how much bitcoin has an ability to react to news because of a lack of liquidity.\n“When you have low liquidity, you tend to get very quiet markets,” Dan Gunsberg, co-founder of Solana-based derivatives liquidity protocol Hxro, said during a recent CoinDesk TV appearance. “You get these jumps in the market and these liquidity vacuums, where things move to a new price and immediately settle down again.”\nAt the same time as the CFTC goes after Binance, the decentralization narrative continues.\nDecentralized derivatives exchange GMX\'s token rose by 4% during the last 24 hours, almost in parallel to how tokens of decentralized ether liquid staking platformsrose in Februarywhen the U.S. Securities and Exchange Commission took aim at staking.\nBut just because something is decentralized, doesn’t meanregulators can’t go after it.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+4.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.9%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22126.3%", "DACS Sector": "Computing"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22126.3%", "DACS Sector": "Smart Contract Platform"}]\nChina Banks\' Push for Hong Kong Crypto Business Faces Headwinds\nChina’s state-owned banks’ Hong Kong branches – semi-autonomous entities that operate under Hong Kong\'s rules – are actively soliciting crypto business,in anticipation of the first phaseof the Special Administrative Region\'s regulatory framework in June. But opening an account with them is another thing altogether.\nBloomberg reported Mondaythat the banks making the pitches have gotten the green light from Beijing, and their respective headquarters.\nSources from multiple crypto companies in Hong Kong that had either been pitched by the banks’ sales representatives, or made inbound inquiries, all say that the criteria for opening an account is burdensome and the know-your-customer/anti-money laundering (KYC/AML) process is longer than opening a regular business account.\nFor instance, banks prefer that executives and key personnel at the crypto company reside in Hong Kong. A definite blocker would be if they are mainland Chinese nationals or U.S. citizens. If the company is owned by a Singapore-based parent, that firm would need to be a licensed entity by the Monetary Authority of Singapore.\nSources were also told to expect a long account-opening process.\nIs it really progress?\nThese banks, such as Bank of China and Bank of Communications, aresome of the world’s largest, and it’d be unthinkable a few years ago that they would be actively soliciting crypto business considering Beijing’s hardline stance on the issue and the general hesitation of large banks to engage with crypto.\nAfter all, in the U.S., Silvergate and Signature found their market niche for this exact reason,with analysts sayingthe crypto industry will have a “difficult time finding traditional banks that will work with it” post their demise. These two banks made – and lost – their fortune with crypto: At the turn of the decade, they were both small, unknown banks before embracing crypto;Silvergate reported$2.12 billion in assets in December 2019 and peaked at $16 billion in December 2021.\nAlthough both Silvergate and Signature grew significantly throughout crypto’s boom years and institutionalization, their relatively small size means that they fell faster than they would have if they were larger like some of their peers.\nBut not everyone thinks this is the first chapter of something new, considering the tough onboarding process.\n"The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.”\n12:00 p.m. HKT/SGT(4:00 UTC)Bank of Japan\'s Governor Kuroda Speech\n9:15 p.m. HKT/SGT(13:15 UTC)European Central Bank\'s President Lagarde Speech\n10:00 p.m. HKT/SGT(14:00 UTC)United States Consumer Confidence (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFirst Citizens to Buy Much of Silicon Valley Bank; Cathie Wood\'s ARK Invest Buys More Coinbase\nA deal has been finalized for what’s left of Silicon Valley Bank. J. Christopher Giancarlo, Willkie Farr & Gallagher senior counsel and former Commodity Futures Trading Commission chairman, shared his reaction. Plus, Cathie Wood\'s ARK Invest bought $12.6 million of Coinbase shares on Friday. MarketVector Indexes digital asset product strategist Martin Leinweber shared his crypto markets analysis.\nCFTC Sues Binance, CEO Zhao Over \'Willful Evasion\' of U.S. Laws, Unregistered Crypto Derivatives Products:The regulator alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs.\nGucci and Yuga Labs Are Bringing High Fashion to the Otherside:The firms will work together on the metaverse platform.\nPolygon zkEVM Mainnet Beta Goes Live; Ethereum’s Buterin Sends First Transaction:The release of Polygon’s zkEVM comes just days after competitor Matter Labs released its own zkEVM, zkSync Era.\nFTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet:The estate now holds 33,125 ARB tokens worth around $42,000.\nG-7 Will Push for Tighter Global Crypto Regulations, Kyodo:Discussions on a global framework will speed up ahead of a May meeting of finance ministers and central bankers from the Group of 7 countries.', 'Bitcoin ( BTC-USD ) has always surprised investors. The cryptocurrency closed 2022 at around $16,500. In the first three months of the current year, its price has surged by 64%. As the extended crypto winter ends, there are some attractive crypto stocks to buy that have multibagger return potential. There are several reasons for the sharp rally in bitcoin. First, the cryptocurrency was significantly oversold. Second, relative weakness in the U.S. dollar has been positive for bitcoin. It’s also worth noting that another bitcoin halving is expected to occur in April 2024. In the past, halving events have been followed by a big rally. Therefore, there are reasons to believe that bitcoin will continue to trend higher. Crypto stocks took a beating in 2022. As sentiment in the sector turned bullish in the new year, several crypto stocks have already surged by over 100%. However, I expect multibagger returns for quality crypto stocks even from these levels provided bitcoin remains in an uptrend, which seems likely. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Below are three crypto stocks to buy at current levels. COIN Coinbase $62.54 RIOT Riot Platforms $8.04 MARA Marathon Digital $7.11 Coinbase (COIN) Coinbase (COIN), is an American company that operates a cryptocurrency exchange platform. Ethereum (ETH-USD) coin on the background of the Coinbase inscription. Source: Sergei Elagin / Shutterstock.com Coinbase (NASDAQ: COIN ) stock has surged 76% year to date. A week ago, however, the stock was up well over 100%. Shares got whacked after the Securities and Exchange Commission ( SEC ) sent Coinbase a warning that it had identified potential securities violations. However, if the bullish momentum in bitcoin sustains, so too should the rally in COIN. ARK Invest’s Cathie Wood appears to think this will be the case. She bought millions of dollars worth of COIN shares on the dip. Coinbase reported a sharp decline in revenue for 2022, along with an adjusted EBITDA loss of $371 million. Total trading volumes declined 50% for the year, while transaction revenue slid 66%. Recovery is likely to be gradual in terms of trading activity gaining traction. However, I like the fact that Coinbase ended 2022 with cash and equivalents of $5.5 billion. This gives the company ample flexibility for product development and international expansion. Story continues Another point worth noting is that Coinbase reported 53% growth in subscription and services revenue in 2022. As the assets held on the company’s platform increase in price, blockchain reward and custodial fees are likely to swell. Finally, during the previous bitcoin rally, Coinbase witnessed strong growth in institutional investor activity. That could again prove to be a catalyst for revenue growth and margin improvement. Riot Platforms (RIOT) image of bitcoin to represent cryptocurrency stocks Source: Shutterstock With bitcoin trending higher, there is a strong case for a revival in the fortunes of bitcoin miners like Riot Platforms (NASDAQ: RIOT ). The stock looks attractive at current levels around $8 per share despite a 147% year-to-date rally. That’s because the rally is likely to sustain if bitcoin remains in an uptrend. A big reason to like Riot is the company’s fundamental strength. At the end of 2022, Riot reported $230 million in cash and equivalents. With no long-term debt and 7,058 bitcoin on its balance sheet , the financial flexibility is robust. Another reason to be bullish on Riot is the fact that the company is a low-cost bitcoin producer. In 2022, Riot reported a bitcoin mining gross margin of 60.3% . With the cryptocurrency trending higher, significant margin expansion is in the cards. It’s also worth noting that the company has increased its mining capacity on a sustained basis. As of March, the company reported a hash rate of 9.8 exahashes per second (EH/s). Further, Riot expects to boost mining capacity to 12.5 EH/s in the next few months. Marathon Digital (MARA) Macro view of miner working for bitcoins mine pool. Devices and technology for mining cryptocurrency. Mining cryptocurrency concept. MARA stock. Crypto mining. Source: Yev_1234 / Shutterstock Marathon Digital (NASDAQ: MARA ) is another bitcoin miner that looks poised for multibagger returns. Year to date, MARA stock is higher by 108%. It’s worth noting that when bitcoin hit all-time highs, MARA stock was trading around $80. The stock currently trades below $8. At the end of 2021, Marathon reported an installed hash rate of 3.6 EH/s. Last year, the company boosted its mining capacity to 9.1 EH/s . Marathon continues to project that it will hit 23 EH/s by the middle of the year. Even if the expansion is completed toward the end of 2023, the company is positioned for robust growth. On the flip side, Marathon reported significant operating losses in 2022. However, that’s likely to reverse in the current year as bitcoin trends higher. Further, with significant capacity expansion, digital assets in the balance sheet will swell. This will provide Marathon with ample financial flexibility. On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Crypto Stocks to Buy as Bitcoin Surges Once Again appeared first on InvestorPlace .', 'Bitcoin(BTC-USD) has always surprised investors. The cryptocurrency closed 2022 at around $16,500. In the first three months of the current year, its price has surged by 64%. As the extended crypto winter ends, there are some attractive crypto stocks to buy that have multibagger return potential.\nThere are several reasons for the sharp rally in bitcoin. First, the cryptocurrency was significantly oversold. Second, relative weakness in the U.S. dollar has been positive for bitcoin. It’s also worth noting thatanother bitcoin halvingis expected to occur in April 2024. In the past, halving events have been followed by a big rally. Therefore, there are reasons to believe that bitcoin will continue to trend higher.\nCrypto stocks took a beating in 2022. As sentiment in the sector turned bullish in the new year, several crypto stocks have already surged by over 100%. However, I expect multibagger returns for quality crypto stocks even from these levels provided bitcoin remains in an uptrend, which seems likely.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nBelow are three crypto stocks to buy at current levels.\n[{"COIN": "RIOT", "Coinbase": "Riot Platforms", "$62.54": "$8.04"}, {"COIN": "MARA", "Coinbase": "Marathon Digital", "$62.54": "$7.11"}]\nSource: Sergei Elagin / Shutterstock.com\nCoinbase(NASDAQ:COIN) stock has surged 76% year to date. A week ago, however, the stock was up well over 100%. Shares got whacked after the Securities and Exchange Commission (SEC)sent Coinbase a warningthat it had identified potential securities violations.\nHowever, if the bullish momentum in bitcoin sustains, so too should the rally in COIN.ARK Invest’sCathie Wood appears to think this will be the case. Shebought millions of dollars worth of COIN shareson the dip.\nCoinbase reported asharp decline in revenuefor 2022, along with an adjusted EBITDA loss of $371 million. Total trading volumes declined 50% for the year, while transaction revenue slid 66%. Recovery is likely to be gradual in terms of trading activity gaining traction. However, I like the fact that Coinbase ended 2022 with cash and equivalents of $5.5 billion. This gives the company ample flexibility for product development and international expansion.\nAnother point worth noting is that Coinbase reported 53% growth in subscription and services revenue in 2022. As the assets held on the company’s platform increase in price, blockchain reward and custodial fees are likely to swell. Finally, during the previous bitcoin rally, Coinbase witnessed strong growth in institutional investor activity. That could again prove to be a catalyst for revenue growth and margin improvement.\nSource: Shutterstock\nWith bitcoin trending higher, there is a strong case for a revival in the fortunes of bitcoin miners likeRiot Platforms(NASDAQ:RIOT). The stock looks attractive at current levels around $8 per share despite a 147% year-to-date rally. That’s because the rally is likely to sustain if bitcoin remains in an uptrend.\nA big reason to like Riot is the company’s fundamental strength. At the end of 2022, Riot reported $230 million in cash and equivalents. With no long-term debt and7,058 bitcoin on its balance sheet, the financial flexibility is robust.\nAnother reason to be bullish on Riot is the fact that the company is a low-cost bitcoin producer. In 2022, Riot reported a bitcoin mininggross margin of 60.3%. With the cryptocurrency trending higher, significant margin expansion is in the cards.\nIt’s also worth noting that the company has increased its mining capacity on a sustained basis. As of March, the company reported a hash rate of 9.8 exahashes per second (EH/s). Further, Riot expects toboost mining capacity to 12.5 EH/sin the next few months.\nSource: Yev_1234 / Shutterstock\nMarathon Digital(NASDAQ:MARA) is another bitcoin miner that looks poised for multibagger returns. Year to date, MARA stock is higher by 108%. It’s worth noting that when bitcoin hit all-time highs, MARA stock was trading around $80. The stock currently trades below $8.\nAt the end of 2021, Marathon reported an installed hash rate of 3.6 EH/s. Last year, the companyboosted its mining capacity to 9.1 EH/s. Marathon continues to project that it will hit 23 EH/s by the middle of the year. Even if the expansion is completed toward the end of 2023, the company is positioned for robust growth.\nOn the flip side, Marathon reported significant operating losses in 2022. However, that’s likely to reverse in the current year as bitcoin trends higher. Further, with significant capacity expansion, digital assets in the balance sheet will swell. This will provide Marathon with ample financial flexibility.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Crypto Stocks to Buy as Bitcoin Surges Once Againappeared first onInvestorPlace.', 'Bitcoin(BTC-USD) has always surprised investors. The cryptocurrency closed 2022 at around $16,500. In the first three months of the current year, its price has surged by 64%. As the extended crypto winter ends, there are some attractive crypto stocks to buy that have multibagger return potential.\nThere are several reasons for the sharp rally in bitcoin. First, the cryptocurrency was significantly oversold. Second, relative weakness in the U.S. dollar has been positive for bitcoin. It’s also worth noting thatanother bitcoin halvingis expected to occur in April 2024. In the past, halving events have been followed by a big rally. Therefore, there are reasons to believe that bitcoin will continue to trend higher.\nCrypto stocks took a beating in 2022. As sentiment in the sector turned bullish in the new year, several crypto stocks have already surged by over 100%. However, I expect multibagger returns for quality crypto stocks even from these levels provided bitcoin remains in an uptrend, which seems likely.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nBelow are three crypto stocks to buy at current levels.\n[{"COIN": "RIOT", "Coinbase": "Riot Platforms", "$62.54": "$8.04"}, {"COIN": "MARA", "Coinbase": "Marathon Digital", "$62.54": "$7.11"}]\nSource: Sergei Elagin / Shutterstock.com\nCoinbase(NASDAQ:COIN) stock has surged 76% year to date. A week ago, however, the stock was up well over 100%. Shares got whacked after the Securities and Exchange Commission (SEC)sent Coinbase a warningthat it had identified potential securities violations.\nHowever, if the bullish momentum in bitcoin sustains, so too should the rally in COIN.ARK Invest’sCathie Wood appears to think this will be the case. Shebought millions of dollars worth of COIN shareson the dip.\nCoinbase reported asharp decline in revenuefor 2022, along with an adjusted EBITDA loss of $371 million. Total trading volumes declined 50% for the year, while transaction revenue slid 66%. Recovery is likely to be gradual in terms of trading activity gaining traction. However, I like the fact that Coinbase ended 2022 with cash and equivalents of $5.5 billion. This gives the company ample flexibility for product development and international expansion.\nAnother point worth noting is that Coinbase reported 53% growth in subscription and services revenue in 2022. As the assets held on the company’s platform increase in price, blockchain reward and custodial fees are likely to swell. Finally, during the previous bitcoin rally, Coinbase witnessed strong growth in institutional investor activity. That could again prove to be a catalyst for revenue growth and margin improvement.\nSource: Shutterstock\nWith bitcoin trending higher, there is a strong case for a revival in the fortunes of bitcoin miners likeRiot Platforms(NASDAQ:RIOT). The stock looks attractive at current levels around $8 per share despite a 147% year-to-date rally. That’s because the rally is likely to sustain if bitcoin remains in an uptrend.\nA big reason to like Riot is the company’s fundamental strength. At the end of 2022, Riot reported $230 million in cash and equivalents. With no long-term debt and7,058 bitcoin on its balance sheet, the financial flexibility is robust.\nAnother reason to be bullish on Riot is the fact that the company is a low-cost bitcoin producer. In 2022, Riot reported a bitcoin mininggross margin of 60.3%. With the cryptocurrency trending higher, significant margin expansion is in the cards.\nIt’s also worth noting that the company has increased its mining capacity on a sustained basis. As of March, the company reported a hash rate of 9.8 exahashes per second (EH/s). Further, Riot expects toboost mining capacity to 12.5 EH/sin the next few months.\nSource: Yev_1234 / Shutterstock\nMarathon Digital(NASDAQ:MARA) is another bitcoin miner that looks poised for multibagger returns. Year to date, MARA stock is higher by 108%. It’s worth noting that when bitcoin hit all-time highs, MARA stock was trading around $80. The stock currently trades below $8.\nAt the end of 2021, Marathon reported an installed hash rate of 3.6 EH/s. Last year, the companyboosted its mining capacity to 9.1 EH/s. Marathon continues to project that it will hit 23 EH/s by the middle of the year. Even if the expansion is completed toward the end of 2023, the company is positioned for robust growth.\nOn the flip side, Marathon reported significant operating losses in 2022. However, that’s likely to reverse in the current year as bitcoin trends higher. Further, with significant capacity expansion, digital assets in the balance sheet will swell. This will provide Marathon with ample financial flexibility.\nOn the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nFaisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Crypto Stocks to Buy as Bitcoin Surges Once Againappeared first onInvestorPlace.', 'Bitcoin fell in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies after U.S. regulators filed a lawsuit against Binance, the world’s largest crypto exchange, alleging violations of trading rules. XRP was the only token to gain. U.S. equities edged higher on Monday as authorities expanded support for troubled banks and First Citizens Bank said it would acquire the failed Silicon Valley Bank.\nSee related article:Binance, Zhao sued by CFTC for alleged regulatory violations\n• Bitcoin fell 3.84% to US$26,935 in the 24 hours to 09:00 a.m. in Hong Kong as details of the lawsuit against Binance surfaced. The world’s biggest crypt
**Last 60 Days of Bitcoin's Closing Prices:**
[23078.73, 23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-28
**Financial & Commodity Data:**
- Gold Closing Price: $1972.40
- Crude Oil Closing Price: $73.20
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $519,552,567,750
- Hash Rate: 312032139.85233283
- Transaction Count: 316281.0
- Unique Addresses: 684623.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Republican Senator Ted Cruz proposed legislation late Tuesday to block a central bank digital currency (CBDC) from being issued in the United States, joining a growing chorus of prominent GOP politicians pushing back against the idea. In a statement Tuesday, the Texas lawmaker said that the U.S. government had “no authority to unilaterally establish a central bank currency.” CBDCs are a digital version of a state’s fiat currency—like the U.S. dollar or the euro—backed by a central bank. Co-sponsored by Senators Mike Braun (R-Ind) and Charles E. Grassley (R-Iowa), Senator Cruz argued that having a CBDC in the States, controlled by the Federal Reserve, would jeopardize Americans citizens’ financial information and pave the way to a potential surveillance state. “Unlike decentralized digital currencies like Bitcoin , CBDCs are issued and backed by a government entity and transact on a centralized, permissioned blockchain,” Cruz’s statement reads. “Not only would this CBDC model centralize Americans’ financial information, leaving it vulnerable to attack,” Cruz added, “it could be used as [a] direct surveillance tool into the private transactions of Americans.” Senator Cruz’s proposal comes days after Florida Governor Ron DeSantis similarly proposed legislation wanting to ban CBDCs from the southern state, claiming that such a technology would be used for “surveilling Americans and controlling Americans.” CBDCs are digital assets different from the likes of Bitcoin , Ethereum , or Dogecoin , as Cruz noted. Unlike such decentralized cryptocurrencies, CBDCs are overseen and operated by a centralized entity—a central power like the government controls them. Rep. Tom Emmer Says Fed Must Not Create Digital Currency 'Surveillance State' Countries around the world are in different stages of researching them. China is more advanced in the CBDC game than other nations—some citizens are already able to use the digital yuan. Senator Cruz’s statement today specifically mentioned China, claiming its CBDC strategy was omitting “the benefits and protections of cash.” However, Senator Cruz is enthusiastic about decentralized cryptocurrencies: the lawmaker previously proposed legislation that would let politicians spend their Bitcoin on Capitol Hill....
- Reddit Posts (Sample): [['u/maurinet79', 'The war on crypto is good for crypto?', 21, '2023-03-28 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/', 'The "war on crypto" seems more like a war on those who want to profit unethically with crypto rather than against crypto itself. While the discussion continues of whether it\'s a security/derivative/currency/younameit, the actions that reasonable governments (not talking about China) have taken haven\'t really been against crypto itself but against those manipulating the system in order to obtain gains from crypto related activities. It has been known for a while that Binance \\[and others\\] trades against it\'s own customers and nothing could be done about it, well, now something is being done. Yes, the price of Bitcoin was negatively affected immediately after this occurred, but as we all hope and \\[kind of\\] know the price will bounce back, and then it will be "safer" to trade in those platforms. The war on crypto helps it evolve, it makes it better, safer and easier for others to get on board eventually... as long as it\'s an "ethical war" from the part of the governing bodies, which also tax it btw. It also must be said that if Bitcoin could be easily destroyed it wouldn\'t exist already, that\'s why smart governments will make the transition sooner or later, it\'s inevitable. The current war on crypto seems to be creating the rules of the game as we go, which is a necessary part of the crypto evolution process, I welcome it... so far.', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/', '1242v6r', [['u/unitys2011', 13, '2023-03-28 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/jdxhwfd/', 'They will lose the war against Crypto', '1242v6r']]], ['u/[deleted]', 'If you had 100 BTCs, how many wallets would you have?', 97, '2023-03-28 00:24', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/', "You wouldn't own only one wallet to store all of 100 BTCs. How many wallets would you own?", 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/', '1242ymn', [['u/Relai_Alex', 83, '2023-03-28 00:33', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxj9r7/', '16 wallets, 6.15 bitcoin in each.', '1242ymn'], ['u/bubeagle', 25, '2023-03-28 01:01', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxn4i1/', '100 wallets. 1 for each. You are that rich anyway.', '1242ymn'], ['u/[deleted]', 23, '2023-03-28 01:02', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxn8sl/', 'Why 6.15?', '1242ymn'], ['u/ScottPowellM', 368, '2023-03-28 01:24', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxqbk1/', 'FDIC only insures wallets up to 6.15', '1242ymn'], ['u/TheDialectic_', 42, '2023-03-28 02:10', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxwif5/', 'Lol', '1242ymn'], ['u/vnielz', 19, '2023-03-28 02:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxyhhe/', '1', '1242ymn'], ['u/mperklin', 38, '2023-03-28 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy6dme/', 'Why *wouldn’t*you control all 100 BTC with one key?\n\nWhen planning the security of a system, you have to make some trade-offs to increase others. The holy trinity of information security is the CIA triangle:\nConfidentiality, Integrity, Availability. \n\nIf you are storing 100 different keys in 100 places (to increase confidentiality or availability), surely that increases the chance of *one* of those keys becoming compromised (confidentiality is sacrificed)\n\nIf you are storing 1 key, you can focus on maximizing confidentiality.\n\nThere is nothing wrong with storing 10,000 BTC on a single key. The concern is obviously how to protect that key.', '1242ymn'], ['u/AxionDemo', 48, '2023-03-28 03:39', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy8fd7/', '5 wallets with 1 BTC.\n\n3 wallets with 5 BTC.\n\n3 wallets with 10 btc.\n\n1 wallet with 50 btc for long-term cold storage.', '1242ymn'], ['u/WorkerBee-3', 29, '2023-03-28 03:42', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy8tt6/', 'it was just a joke', '1242ymn'], ['u/karmassacre', 12, '2023-03-28 03:48', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy9oar/', 'Not funny enough apparently lol', '1242ymn'], ['u/BTCMachineElf', 13, '2023-03-28 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyg4h4/', 'A hot wallet with a few months worth of funds\n\nA warm wallet with a few years worth of funds\n\nA cool wallet with a lifetime of funds\n\nA cold wallet with generations worth of funds.', '1242ymn'], ['u/noyrb1', 66, '2023-03-28 05:05', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyk2yd/', 'None lost them all in a boating accident', '1242ymn'], ['u/timbulance', 18, '2023-03-28 05:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdymfer/', 'Anything more than 6.15 and FedNow won’t insure you.', '1242ymn'], ['u/zalmee', 10, '2023-03-28 05:34', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdynhbm/', 'That 1 wallet with 50 bitcoins will keep me up at night haha.. best I can think of is 20 wallets with 5 btc each', '1242ymn'], ['u/disruptioncoin', 15, '2023-03-28 05:35', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdynibs/', "Seems like a lot of seed phrases to keep track of. I think I'd just have two wallets. One with 10 BTC to sell/spend in the short-ish term to buy a house and start a business. The rest I'd hodl long term until it's REALLY valuable, then eventually I'd dip in, take like 10 more out and start a charity organization or something, maybe get political and lobby to change drug laws or something. Probably just pass it on to my kids if I ever decide to have some.\n\nI once had 21 bitcoin tucked away, when it was bouncing around between 1-2k. Hustled my ass off to get to that point, then I decided to chill out a bit. Wanted to never spend it, but ended up helping my mom out when she lost her job and her unemployment ran out, finished my degree, and I just didn't have a real job for a while because I thought my degree would help me get a nice job eventually but I was wrong lol. Ended up finally settling for what I could get after I ran out of money. But now I'm working as many hours as I can get to stack some sats back up.", '1242ymn'], ['u/birdman332', 15, '2023-03-28 05:43', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyoehq/', "Once you get to 2+ wallets you're just adding security risks for yourself", '1242ymn'], ['u/AppropriateStatus145', 10, '2023-03-28 05:57', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdypyx7/', 'I will prepare a husband wallets , if I see a boy I like , I can generously give him a wallet directly.', '1242ymn'], ['u/Tradestockforstonk', 18, '2023-03-28 06:20', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdysd2l/', 'Rule #1 not your keys, not your coin\n\nRule #2 bitcoin is never safe on boats', '1242ymn'], ['u/HighSolstice', 10, '2023-03-28 08:23', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz33hn/', 'Lol, that looks like boobs.', '1242ymn'], ['u/HighSolstice', 16, '2023-03-28 08:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz38sl/', 'If Reddit didn’t take away my free awards I would give you one for that comment.', '1242ymn'], ['u/HighSolstice', 15, '2023-03-28 08:46', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz4r58/', 'I already knew that but did you see the boobs?', '1242ymn'], ['u/Y0rin', 12, '2023-03-28 11:26', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzfnxf/', 'thats not how trezors work. if you want 100 email addresses, do you need 100 phones?', '1242ymn'], ['u/lilicucu', 18, '2023-03-28 11:29', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzfwv2/', 'What are you talking about? As long as your seed phrase is safe, you can restore to any hardware and software wallet.', '1242ymn'], ['u/zesushv', 14, '2023-03-28 13:11', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzno1c/', 'Satoshi insures 21million btc.', '1242ymn']]], ['u/bawdyzebra', '[WTS] 10oz Silver bars close to spot.', 11, '2023-03-28 00:42', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/', '[edit] SOLD!\n\nhttps://imgur.com/a/SjfLDy1\n\n10oz Trident Silver (2 bars) $245 each\n\n$8 SFRB shipping CONUS\n\nWill ship first to established buyers.\n\nPayment: Zelle / no notes.\n\n10% discount if paid in BTC/LTC/XMR.\n\nReply to this post before messaging (PM pref).', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/', '1243iq2', [['u/GioDeano', 25, '2023-03-28 01:20', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/jdxppzc/', 'Y’all are cracking me up with your ship first when OP has just as much cred as you.', '1243iq2']]], ['u/Gonbatfire', 'The reason behind the creation of tx_extra', 15, '2023-03-28 01:57', 'https://www.reddit.com/r/Monero/comments/1245q3o/the_reason_behind_the_creation_of_tx_extra/', "Monero inherited the controversial tx_extra field from Cryptonote, but why was it there in the first place?\n\nRavaga, who works closely with some members of the original Cryptonote team (which are now working on Zano) responds:\n\nRavaga: \n>This is not a new problem and was discussed in the Bitcoin community as far back as 2012. The issue was related to the presence of non-halal text in transaction outputs, which hindered adoption in Muslim countries. In short, it is impossible to prevent people from adding arbitrary data to the blockchain. The Cryptonote team addressed this issue by introducing the tx_extra field, which allows for user-defined data storage. In Zano, we double down on that approach by standardizing the use of tx_extra and encouraging its use for arbitrary data storage, rather than storing it in transaction outputs or other places.\n\n\n\n>(Me): Why is it better for the network to store data in tx_extra rather than transaction outputs?\n\n\n\n>Ravaga: While having a lot of transactions with tx_extra diminishes privacy it's still not as bad as having same data stored in outputs. Latter creates a set of poisoned outputs and tx_extra just disrupts transactions uniformity.\nBoth not great from the privacy perspective, but keeping tx_extra creates less mess.\n\n\n(extracted from Zano's discord server)\n\n\nBasically, the original Cryptonote team designed tx_extra precisely so that users *don't* store data in transaction outputs.\n\nMonero has merged a patch limit tx_extra size, and a significant portion of devs would like it to be removed, and so users would store data in transaction outputs instead.\n\nWho's right? 🤔 \nPersonally I would love to see a debate between Zano & Monero devs", 'https://www.reddit.com/r/Monero/comments/1245q3o/the_reason_behind_the_creation_of_tx_extra/', '1245q3o', [['u/Gonbatfire', 10, '2023-03-28 02:05', 'https://www.reddit.com/r/Monero/comments/1245q3o/the_reason_behind_the_creation_of_tx_extra/jdxvqfq/', 'I also wanted to add that Zano actually provides two fields\n\n\\- Tx\\_extra: For data that wants to be preserved\n\n\\- Tx\\_attachments: For temporal data, any data that goes here will get later hashed and discarded by the blockchain (pruned, in a way)\n\nMany Zano apps use the later (like their decentralized marketplace and upcoming DEX)', '1245q3o'], ['u/SecureDistrict1', 10, '2023-03-28 03:26', 'https://www.reddit.com/r/Monero/comments/1245q3o/the_reason_behind_the_creation_of_tx_extra/jdy6rvf/', 'Is muslim adoption that much of a priority? Just let them work around monero, they can usually find a loophole like with halal mortgages etc.', '1245q3o'], ['u/Gonbatfire', 14, '2023-03-28 03:29', 'https://www.reddit.com/r/Monero/comments/1245q3o/the_reason_behind_the_creation_of_tx_extra/jdy751s/', "The muslim thing was just what kick-started the discussion back in 2012, nowadays the controversy with arbitrary data on the blockchain is about bloat, damage to privacy, and illegal content uploaded to everyone's nodes.", '1245q3o'], ['u/rtt1984', 11, '2023-03-28 05:52', 'https://www.reddit.com/r/Monero/comments/1245q3o/the_reason_behind_the_creation_of_tx_extra/jdype4c/', 'When you thought you saw everything\n\n>The issue was related to the presence of non-halal text in transaction outputs', '1245q3o']]], ['u/FBI_OpenUp2023', 'A reminder to everyone, the “Not Your Keys, Not Your Coins” folks exist for a reason. Don’t learn the hard way!', 73, '2023-03-28 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1246eu8/a_reminder_to_everyone_the_not_your_keys_not_your/', 'I personally always saw the “Not Your Keys, Not Your Coins” people posting it non stop, and always had a bit of a eye roll. I have come to realize that they have a very valid point.\n\nThere is a reason why bitcoin maxis exist (don’t get me wrong, I’m not full bitcoin maxi as I have ETH, and some altcoins like XMR —which I lost in a tragic boating accident sadly—, but I realized they have a point). Time and time again people have learned the hard way. And that had turned them into bitcoin maxis.\n\nI got rekt on Celsius, lost low 5 figures. I stopped paying attention to the crypto news around early 2022 due to the prices always going down, etc. I was going to withdrawn my crypto the day before they stopped withdrawals, but I didn’t since I was grandfathered into the “Earn” program (which as it turns out was a huge fucking lie), and if I withdrew, I wouldn’t be able to earn interest. I thought they were staking my ETH (cause I was getting like 3% interest)…. \n\nAfter that I vowed never again. I got a hardware wallet, and only leave a small amount of crypto on exchanges (only like a few dollars on coinbase). I’m rebuilding my stack slowly. I always saw the “Not Your Keys, Not Your Coins” folks in the comments on Twitter (new to reddit), and thought they were paranoid. Now I am one of them, and am “paranoid”. Binance has been giving me FTX vibes, so stay away (I never had a account with them, they always seemed suspicious).\n\nOn another note, FUCK ALEX MA**SCAMSKY**', 'https://www.reddit.com/r/CryptoCurrency/comments/1246eu8/a_reminder_to_everyone_the_not_your_keys_not_your/', '1246eu8', [['u/Bringerofsalvation', 14, '2023-03-28 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1246eu8/a_reminder_to_everyone_the_not_your_keys_not_your/jdxydqa/', 'Yeah, the Binance situation is real scary right now. Get your coins off of CEXs everyone.', '1246eu8']]], ['u/discraycray', 'If the selling point of Bitcoin is that no new bitcoins will ever be made after 2050 or whatever, why is it the selling point of Doge that they make ten thousand more a day??', 19, '2023-03-28 02:36', 'https://www.reddit.com/r/Buttcoin/comments/1246shp/if_the_selling_point_of_bitcoin_is_that_no_new/', "I'm sure this isn't the best place to ask, but I want ya'lls answers instead of some bro on the crypto subreddit? Like I guess I could understand how someone could be sold on the scarcity of bitcoin, but why in the heck does dogecoin retain it's value if they make so many every single day?!?!", 'https://www.reddit.com/r/Buttcoin/comments/1246shp/if_the_selling_point_of_bitcoin_is_that_no_new/', '1246shp', [['u/BeowulfShaeffer', 23, '2023-03-28 02:42', 'https://www.reddit.com/r/Buttcoin/comments/1246shp/if_the_selling_point_of_bitcoin_is_that_no_new/jdy0vzn/', 'People are irrational and greedy. There really isn’t another explanation.', '1246shp'], ['u/NWillow', 10, '2023-03-28 03:36', 'https://www.reddit.com/r/Buttcoin/comments/1246shp/if_the_selling_point_of_bitcoin_is_that_no_new/jdy835m/', 'Few understand.\n\nReally, none of them have any idea what their cryptos are going to be useful for so nothing has to make sense.', '1246shp'], ['u/WaterMySucculents', 10, '2023-03-28 04:10', 'https://www.reddit.com/r/Buttcoin/comments/1246shp/if_the_selling_point_of_bitcoin_is_that_no_new/jdycj8y/', 'The rhetoric surrounding different crypto has nothing to do with the reality in any way. It’s simply gambling on collectible digital tokens that do nothing (but ride a hype train that maybe can dupe even stupider people down the road). That’s it. \n\nThey will all throw any talking point away the second it doesn’t work to SELL it anymore and not even care they did. It’s all about sales to stupider people & keep hoping you aren’t the stupid one.', '1246shp'], ['u/cryptastrophe', 16, '2023-03-28 04:38', 'https://www.reddit.com/r/Buttcoin/comments/1246shp/if_the_selling_point_of_bitcoin_is_that_no_new/jdygs61/', "Doge became popular as a fun meme during the Scrypt mining craze nearly a decade ago but sort of fizzled out for a while. Then Elon dug their corpse up because he's no good at inventing anything new himself and wanted to be a cringy memelord. Without Elon, it would be worth much much less.", '1246shp']]], ['u/No_Concentrate2892', 'Trust in cryptocurrency?', 29, '2023-03-28 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1246xva/trust_in_cryptocurrency/', 'Recently, I\'ve been wondering, and based on the people I live with, I\'d say that only 20% of them know what cryptocurrency is.\nSometimes I ask my friend or colleague if he knows what Bitcoin is, and if they\'re young (20-35 years old), they say, "Yes, I\'ve heard about it. But I don\'t know much about it."\nIf I\'m talking to older people (40–60), mostly they don\'t know what it is.\n\nWe are living in a world of big changes in every aspect of life. But do you think it will be time when cryptocurrency will come into our lives and be normal for all people? Will people be able to trust crypto?\n\nI\'m wondering what your opinion is about this.', 'https://www.reddit.com/r/CryptoCurrency/comments/1246xva/trust_in_cryptocurrency/', '1246xva', [['u/astockstonk', 26, '2023-03-28 02:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1246xva/trust_in_cryptocurrency/jdy0whj/', '90% of the people who think they know what cryptocurrency is, don’t know what cryptocurrency is.\n\nMost people make assumptions about what it is without doing the research.', '1246xva']]], ['u/Flurb789', 'has anybody tried to sell coinjoined / mixed bitcoin on an exchange? any issues?', 30, '2023-03-28 04:19', 'https://www.reddit.com/r/Bitcoin/comments/1249gpf/has_anybody_tried_to_sell_coinjoined_mixed/', 'i love the idea of anonymous bitcoin, but does it come at a cost.....difficulty selling?\n\ninterested to hear some firsthand experiences.', 'https://www.reddit.com/r/Bitcoin/comments/1249gpf/has_anybody_tried_to_sell_coinjoined_mixed/', '1249gpf', [['u/proph3tsix', 11, '2023-03-28 04:23', 'https://www.reddit.com/r/Bitcoin/comments/1249gpf/has_anybody_tried_to_sell_coinjoined_mixed/jdyer7v/', 'Bump. I would also like to know this.', '1249gpf']]], ['u/itsnotlupus', "Craig Wright can't code, by Joseph P Gardling", 29, '2023-03-28 04:36', 'https://www.reddit.com/r/bsv/comments/1249wab/craig_wright_cant_code_by_joseph_p_gardling/', "The twitter account [@gardling](https://twitter.com/@gardling) has been tracking and documenting Craig's coding prowess over the years. \nHe's done 3 parts so far, [the latest of which](https://twitter.com/gardling/status/1640423941775736853) dropped today, so it seems like a good time to go over them again.\n\nPart 1: [Craig couldn't write C code in 2011.](https://twitter.com/gardling/status/1430624463704494087) \nPart 2: [Craig still couldn't write C code in 2011.](https://twitter.com/gardling/status/1430890256140623913) \nPart 3: [Craig couldn't write PHP code in 2009.](https://twitter.com/gardling/status/1640423941775736853)\n\n([source for part 1](https://web.archive.org/web/20151124001010/http://gse-compliance.blogspot.com/2011/08/validating-input.html), [source for part 2](https://web.archive.org/web/20151123041729/http://gse-compliance.blogspot.com/2011/08/more-on-validating-input.html), [source for part 3](https://web.archive.org/web/20151116032849/http://itc565developersblog.blogspot.com/2009/05/code.html).)\n\nEach of those show Craig grabbing working code, preferably without attribution, and breaking it by adding dumb bugs that betray a severe lack of coding fluency. \n\nTo be clear, every one of those examples occurred *after* the Bitcoin source code was published. \nIf the BSV community had programmers, they'd have a hard time explaining this.", 'https://www.reddit.com/r/bsv/comments/1249wab/craig_wright_cant_code_by_joseph_p_gardling/', '1249wab', [['u/Annuit-bitscoin', 15, '2023-03-28 04:37', 'https://www.reddit.com/r/bsv/comments/1249wab/craig_wright_cant_code_by_joseph_p_gardling/jdygk8u/', '{\n\\\\\\\\\\A great comment for a great post!\n}\n}', '1249wab'], ['u/primepatterns', 11, '2023-03-28 16:56', 'https://www.reddit.com/r/bsv/comments/1249wab/craig_wright_cant_code_by_joseph_p_gardling/je0fhkl/', "When anyone asks CSW why he's not prepared to demonstrate that he is Satoshi by signing in public (for some reason he used to be prepared to prove it by signing in private) he always says that signing is not proof.\n\nHis latest barrel scraping podcast interview is no exception, see https://m.youtube.com/watch?v=E9t63P3vdeA at 25:32\n\nWhat would CSW's equivalent response be to someone who asked him to prove he is Satoshi by showing an ability to program in C++?\n\nLet me speculate:\n\n* Writing C++ source code that compiles and runs, and explaining the source code of the original Bitcoin client, does not prove the ability to program in C++\n\n* It's been a while since I wrote the Bitcoin client source code, I'm a bit rusty to the point where I cannot write, read, or interpret C++ at all\n\n* My coding style is very academic. In fact it is indistinguishable from random letters, numbers and punctuation vomited onto the screen\n\n* Proof is always people. Here is a list of people you have never heard of who will testify to my genius as a developer...\n\n* Byte troll (geddit?)", '1249wab']]], ['u/cryotosensei', 'What percentage does Bitcoin occupy in your portfolio currently?', 23, '2023-03-28 05:28', 'https://www.reddit.com/r/CryptoCurrency/comments/124b6d4/what_percentage_does_bitcoin_occupy_in_your/', 'Even as traditional banks fell like dominoes last month, Bitcoin displayed an independent mind and rose to as high as $28k. This pleasantly surprised many of us because the King seemed to be coupled closely with traditional markets. Not this time.\n\nAccording to TradingView, the BTC dominance has already increased recently; it is currently 47.65%. Perhaps there is a correlation between BTC dominance and its price. The troubles plaguing Binance and USDC saw some investors converting their stablecoins like USDC to BTC. BTC dominance seems to evoke optimistic vibes. Even institutional giants are paying more attention to it recently. MicroStrategy expanded its BTC pool to 138, 955 Bitcoins. \n\nLikewise, have you increased the percentage composition of Bitcoin in your crypto portfolio recently? Why this percentage? Are you planning to decrease or increase it in the future?', 'https://www.reddit.com/r/CryptoCurrency/comments/124b6d4/what_percentage_does_bitcoin_occupy_in_your/', '124b6d4', [['u/Wack0Wizard', 18, '2023-03-28 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/124b6d4/what_percentage_does_bitcoin_occupy_in_your/jdynj5e/', '75 % btc\n15% eth\n15% moons', '124b6d4'], ['u/Harold838383', 10, '2023-03-28 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/124b6d4/what_percentage_does_bitcoin_occupy_in_your/jdynjdd/', "About 50% but it would be closer to 100% if moons weren't involved", '124b6d4'], ['u/Breadstronaut', 11, '2023-03-28 07:14', 'https://www.reddit.com/r/CryptoCurrency/comments/124b6d4/what_percentage_does_bitcoin_occupy_in_your/jdyxhz8/', '75% + 15% + 15% = 105% \n\nThis doesn’t add up. What kind of wizard maths is this? 😂', '124b6d4']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, March 28, 2023', 23, '2023-03-28 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/', '124bxtc', [['u/MadeThisJustForLWIAY', 15, '2023-03-28 08:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/jdz2yqt/', "I went in pretty hard when BTC dropped below 20k last month, and I'm sitting at about 95% so whenever BTC climbs over 30k I'll be positive again. Feelsgoodman.jpg", '124bxtc'], ['u/btcluvr', 15, '2023-03-28 12:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/jdzk255/', "was oversold as f.. below 20k. still way oversold now. \n\nwe've been trading above these levels for year and a half. it's an eternity in crypto world. \n\neven without new blood joining in, thing's gonna pop up sooner or later.", '124bxtc'], ['u/RabbitProofFences', 28, '2023-03-28 15:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je009lq/', 'German securities processing giant Deutsche WertpapierService Bank AG (dwpbank) this week announced the launch of wpNex, a platform that enables over\xa01,200 affiliated banks\xa0to offer Bitcoin (BTC) trading to retail customers.\n\nThis along with \xa0Nasdaq\xa0announcements crypto custody services in the pipeline sure makes a nice contrast to CZs upcoming netflix series', '124bxtc'], ['u/Westbrook_Level', 12, '2023-03-28 17:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je0iwil/', 'Coinbase and Binance sued in the same week and price is down 3.6% past 7 days, hmmm.', '124bxtc'], ['u/snek-jazz', 16, '2023-03-28 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je0kcay/', "lol got banned from /r/buttcoin today, they're more thin skinned than they used to be", '124bxtc'], ['u/Objective_Digit', 10, '2023-03-28 17:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je0nd50/', "r/ bitcoin allows karma-less new users to post and without 9-minute restrictions. More than can be said about r/ cryptocurrency. Just don't post about shitcoins and you're fine on r/ bitcoin.", '124bxtc'], ['u/GenghisKhanSpermShot', 17, '2023-03-28 17:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je0otbm/', "I used to be a maxi, don't hate me maxi's. Wasn't sure if I should post this in here but it has to do with Bitcoin analysis and I'm just playing charts. I think Bitcoin dominance is going to start turning down and there should be an altseason here. Other dates Bitcoin Dominance hit this resistance is Nov 3rd 2015, Sept 3rd 2019, Jan 3rd 2021 and [now or very soon](https://pbs.twimg.com/media/FsQ6EKXaIAE6332?format=png&name=large). Bitcoin should continue to do well but if I'm being honest alts should start to outpeform and I'm going to position for it.", '124bxtc'], ['u/PatientlyWaitingfy', 12, '2023-03-28 19:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je14ojb/', "/u/xtal_00 What's the volume telling you?", '124bxtc'], ['u/gozunker', 17, '2023-03-28 20:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je1bui6/', 'I have no idea where it’s going. This is why I DCA.', '124bxtc'], ['u/AccidentalArbitrage', 13, '2023-03-28 20:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je1dj81/', '>If we make new lows now this thing is dead for years.\n\nA common thought that is repeated often, yet so far has always been wrong.', '124bxtc'], ['u/jarederaj', 11, '2023-03-28 20:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je1fsyi/', 'You seem to have a perfect and clear understanding of most alts.\n\nAlts are just a test net for bitcoin devs.\n\nEth is a security, and experimental.', '124bxtc'], ['u/jarederaj', 14, '2023-03-28 20:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je1gftp/', 'It isn’t taking much volume to launch this thing, especially when you compare it to the volume it took to pull back a little.', '124bxtc'], ['u/BootyPoppinPanda', 22, '2023-03-28 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je1nkbb/', "Anyone with serious bags has already sodl. Lettuce-handed retail already force-sodl or Scam Bankrun Fraud snorted it for them. Lots of bags were refilled the last year, but these aren't the folks who are going to sell much of it at these prices. Lots of unfilled bags too, to be sure.\n\nAll out war on crypto right now by the Old Guard, and it's just not really denting the price that much anymore.\n\nPath of least resistance is up I'd say.", '124bxtc'], ['u/DEEPFIELDSTAR', 11, '2023-03-28 21:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/124bxtc/daily_discussion_tuesday_march_28_2023/je1oyb3/', 'It’s his smugness. \n\nThe way he scoffed at people loading up their bags at 16-18k while he sat in cash so confident and beating his drums for months with those stupid clickbait thumbnails that this was going to 10k. \n\nThen it rips to almost 29k and he barely says a word. Just shrugs it off like “oh well yeah guess that was wrong but HERE’S why it’s REALLY going to 10k now!” \n\nAnyone who takes his word seriously just missed the chance to double their stack. Even if we did make new lows from here out that was still a stupid way to dig his heels in on what was a criminally oversold price. Being bearish is fine but scoffing so smugly at the possibility that this can turn around on you in a heartbeat - especially at such oversold levels - is when you get burned. As he did.', '124bxtc']]], ['u/Prestigious_Push_155', 'LSS Outsiders Collation Statement', 29, '2023-03-28 07:17', 'https://www.reddit.com/r/FABTCG/comments/124e48z/lss_outsiders_collation_statement/', '[https://fabtcg.com/articles/outsiders-collation-statement/](https://fabtcg.com/articles/outsiders-collation-statement/)\n\n&#x200B;\n\nTo make it short: exactly how people thought it was - a wrong print sheet that got put in for a short time so instead of Common RFs additional Fs/Ls got printed and shuffled into the packs. This resulted in "0.4% and 0.8% additional rainbow foil Legendary and Fabled cards being released". Thats not a tragic high amount. The market can easily suck that up after the initial outcry\n\nPeople that did not get a Legendary in their case in most cases were just unlucky - these cards in the godboxes are not missing in other ones outside of this window. When you look at the time stamps you can see that this can only have affected a few cases by production time alone. Outside of that the variance is actually wanted. And before people freak out: that is exactly what the community asked for. In the first sets of Flesh and Blood Legendaries were so called case hits. Most of the time there was exactly 1L in a case. So after hitting the L in their case people started to resell the rest of the boxes. The market got flooded with "dead" boxes. People that cant afford a whole case were in a bad situation because of that. So the community wanted a change. So now any lose box can have a Legendary. This protects people that only can afford a few boosters or a single box. On the flip side with bad luck you can miss out on a whole case. So lets ride with it and see how it works. Remember this was only needed because of people basicly scamming others after getting their case hits', 'https://www.reddit.com/r/FABTCG/comments/124e48z/lss_outsiders_collation_statement/', '124e48z', [['u/xchikyx', 11, '2023-03-28 08:18', 'https://www.reddit.com/r/FABTCG/comments/124e48z/lss_outsiders_collation_statement/jdz2om6/', 'the more Ls avaliable the better', '124e48z']]], ['u/MacCahill', 'How does a hardware wallet know your balance?', 43, '2023-03-28 07:53', 'https://www.reddit.com/r/BitcoinBeginners/comments/124ew77/how_does_a_hardware_wallet_know_your_balance/', 'When you send bitcoin to a hardware wallet how does the wallet know that it has received the coins? \n\nDoes the wallet have a WiFi adapter that is uses connect to the Internet & sync with the blockchain, or do you need to connect it to a computer via USB', 'https://www.reddit.com/r/BitcoinBeginners/comments/124ew77/how_does_a_hardware_wallet_know_your_balance/', '124ew77', [['u/BTCMachineElf', 33, '2023-03-28 08:22', 'https://www.reddit.com/r/BitcoinBeginners/comments/124ew77/how_does_a_hardware_wallet_know_your_balance/jdz2znq/', "It doesn't. All the wallet knows is your private key, and uses that to determine your public key and maybe addresses. It has no idea if you have any bitcoin or not.\n\nYour wallet interface software (ie Electrum, Sparrow, or less optimally Trezor Suite or Ledger Live) is what knows your balances.\n\nWhen you first set it up, the hardware wallet passes your public key to your interface software. The interface software then has all it needs to keep track of your balances. \n\nYou create a transaction, and your interface software passes that transaction to your hardware wallet to sign, which passes the signed transaction back to the interface and then out to the network.", '124ew77'], ['u/BTCMachineElf', 11, '2023-03-28 09:11', 'https://www.reddit.com/r/BitcoinBeginners/comments/124ew77/how_does_a_hardware_wallet_know_your_balance/jdz6m53/', "The term 'wallet' is a bit of a misnomer in general as bitcoins exist solely on the blockchain.\n\nYes, that's correct, with the exception of air-gapped solutions, but the result is the same.", '124ew77'], ['u/Forexgk', 11, '2023-03-28 14:01', 'https://www.reddit.com/r/BitcoinBeginners/comments/124ew77/how_does_a_hardware_wallet_know_your_balance/jdzsi6m/', 'A hardware wallet does not "know" your balance in the traditional sense, as it does not have access to the internet or the blockchain. Instead, it uses the private keys stored within the device to sign transactions that send or receive cryptocurrency.\n\nWhen you send Bitcoin to a hardware wallet, the transaction is broadcast to the Bitcoin network and recorded on the blockchain. The balance of the wallet is then calculated based on the sum of all confirmed transactions associated with the public address that the hardware wallet controls.\n\nTo see your balance or transaction history, you typically need to connect the hardware wallet to a computer or mobile device via USB or Bluetooth. The hardware wallet will then use software to communicate with the device and display information about your wallet\'s balance and transaction history.\n\nWhile some newer hardware wallets do have Wi-Fi capabilities, most rely on USB or Bluetooth to connect to a computer or mobile device. This is because maintaining a secure internet connection is more challenging and potentially risky, as it could allow hackers to gain access to the private keys stored on the device.', '124ew77']]], ['u/rBitcoinMod', 'Daily Discussion, March 28, 2023', 49, '2023-03-28 08:01', 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/123eqby/mentor_monday_march_27_2023_ask_all_your_bitcoin/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/', '124f29q', [['u/Ok-Abbreviations6442', 10, '2023-03-28 08:09', 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/jdz1yyh/', 'Morning wake up call, hodlers! ☕️', '124f29q'], ['u/Relai_Alex', 11, '2023-03-28 09:09', 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/jdz6ho4/', "I believe you can discuss Bitcoin price in daily thread, so you're in the right place.\n\nThe thing is, talking about the fiat price is like talking about the weather. You can't change it and predicting it, doesn't always work.", '124f29q'], ['u/escodelrio', 11, '2023-03-28 14:58', 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/jdzz2md/', 'Historical Bitcoin\xa0prices for today, March 28th:\n\n2023 - $26,763\n\n2022 - $48,173\n\n2021 - $55,777\n\n2020 - $6,227\n\n2019 - $4,039\n\n2018 - $7,937\n\n2017 - $1,044\n\n2016 - $423\n\n2015 - $252\n\n2014 - $502\n\n2013 - $86\n\nVia [Twitter](https://twitter.com/btchistorical/status/1640670595867082754).', '124f29q'], ['u/hateschoolfml', 12, '2023-03-28 20:11', 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/je1a9cw/', 'Tick tock next block\n\nMoney is out of the hands of humanity', '124f29q'], ['u/Scorfio', 10, '2023-03-28 22:12', 'https://www.reddit.com/r/Bitcoin/comments/124f29q/daily_discussion_march_28_2023/je1ttg2/', "I've been following this subreddit for a while now and the one suggestion that keeps coming back all the time here is:\n\nGet.Your.Coins.Off.The.Exchanges\n\nSo, why don't we pin this so newcomers can see this suggestion all the time?", '124f29q']]], ['u/adamsquishy', 'S.686 - RESTRICT Act', 67, '2023-03-28 08:21', 'https://www.reddit.com/r/Bitcoin/comments/124fh18/s686_restrict_act/', "Has anyone else read through this bill and thought to themselves that this could easily be construed as a way to silently ban Bitcoin without saying that's what it will be used for?", 'https://www.reddit.com/r/Bitcoin/comments/124fh18/s686_restrict_act/', '124fh18', [['u/100_Jose_Maria_001', 14, '2023-03-28 15:42', 'https://www.reddit.com/r/Bitcoin/comments/124fh18/s686_restrict_act/je04l75/', "Yeah, it's straight out of 1984. The US quickly becoming openly totalitarian. \n\nhttps://twitter.com/BitPaine/status/1639348978784563200", '124fh18'], ['u/slvbtc', 24, '2023-03-28 16:14', 'https://www.reddit.com/r/Bitcoin/comments/124fh18/s686_restrict_act/je098hr/', 'Also a 250k fine and 10 years in prison for using a VPN to access banned apps and websites! thats something I expect from North Korea or China, not America. The land of the free my ass.\n\nEvery US citizen should consider getting a second citizenship now so they then have the option to leave the country and renounce their US citizenship. You need a second citizenship before you can renounce your US citizenship, so knowing the US they will probably make getting a second citizenship illegal by banning dual nationality.', '124fh18']]], ['u/fverdeja', "Big hodlers, what's stopping you from running a Lightning node?", 66, '2023-03-28 08:40', 'https://www.reddit.com/r/Bitcoin/comments/124fuw5/big_hodlers_whats_stopping_you_from_running_a/', 'Lightning is awesome and the liquidity on the metwork is still less than 1 % of the circulating supply, why are you guys on board yet? What are you waiting for? More Lightning adoption won\'t come from non-bitcoiners if the liquidity isn\'t there first.\n\nEDIT: \n\nI\'m adding some resources for you all to take a look before asking what it\'s or how to get it.\n\nIt\'s a second layer for Bitcoin, it\'s an amazing Liquidity network.\n\nThis is a great article explaining how it works [The Lightning Network\nand the airport analogy](https://darthcoin.substack.com/p/the-lightning-network-and-the-airport)\n\n[More info](https://101blockchains.com/lightning-network-in-bitcoin/)\n\n[Wikipedia Article](https://en.m.wikipedia.org/wiki/Lightning_Network)\n\n\nWhich comes straight from [this comment](https://www.reddit.com/r/Bitcoin/comments/124fuw5/big_hodlers_whats_stopping_you_from_running_a/jdzib2i?utm_medium=android_app&utm_source=share&context=3), and I would like to clarify that by "big hodler" I mean people holding 10 or more BTC, but by my measures even 1 BTC is big enough to fit this category right now.\n\nFor those of you who don\'t want to go through the hurdles of setting up a node yourselves you have [Muun](https://muun.com/), [Phoenix](https://phoenix.acinq.co/) and [Breez](https://breez.technology/) on the mobile side to have a self custody wallet where your wallet if your node (it doesn\'t stay connected but it connects every X amount of hours just to check) or you have [Wallet of Satoshi](https://www.walletofsatoshi.com/) for the mobile or [Alby](https://getalby.com/) for you Browser as custodial LN wallets (they custody the funda, but you can move them to yourself in a fraction of a second).\n\nHere\'s an article from Bitcoin Magazine to help you find [the best option](https://bitcoinmagazine.com/culture/top-bitcoin-lightning-wallets-in-slow-internet) for your needs.\nMy persona combination is running a node with Umbrel, and having some funds on Alby for the convenience of having a LN Address and use both with Zeus on my phone.\n\nTo all of you who are already in Lightning or are taking your first steps into it: have fun staying zapped ⚡\n\nLN Address for those of you who would like to tip me some sats without using the bot: [email protected]', 'https://www.reddit.com/r/Bitcoin/comments/124fuw5/big_hodlers_whats_stopping_you_from_running_a/', '124fuw5', [['u/AlanArtemisa', 57, '2023-03-28 10:37', 'https://www.reddit.com/r/Bitcoin/comments/124fuw5/big_hodlers_whats_stopping_you_from_running_a/jdzcg3q/', "Post a guide on how to run a good (and preferably profitable) lightning node OP, I'm sure people would be interested.\n\nAs for reasons to not put holdings into LN: inherent risks of a hot wallet, not enough transactions happening (?), lack of knowledge are all valid reasons I guess.", '124fuw5'], ['u/fverdeja', 11, '2023-03-28 10:50', 'https://www.reddit.com/r/Bitcoin/comments/124fuw5/big_hodlers_whats_stopping_you_from_running_a/jdzdbgk/', 'There are a lot of tutorials for that already, but I think I might put one together myself some day.\n\nI understand all the reasons. But I think it would be good for some users to have some funds ready on lightning for spending, I mean. In case you travel or something, Lightning goes fast AF.', '124fuw5'], ['u/KAX1107', 23, '2023-03-28 13:17', 'https://www.reddit.com/r/Bitcoin/comments/124fuw5/big_hodlers_whats_stopping_you_from_running_a/jdzo78d/', "You don't need to be a big holder. It's become so noob friendly to run a lightning node now that anyone could do it and pretty much passively stack sats from routing fees.\n\n[This](https://np.reddit.com/r/Bitcoin/comments/zvj4xp/lighting_statistics_of_my_routing_node_6_months/) is an average routing node with 0.36 bitcoin\n\n[This](https://twitter.com/RandomJoeT/status/1629574457516802048) guy started with less than 0.25 bitcoin and earned 0.13 bitcoin routing fees in 16 months\n\n[Getting started with Lightning](https://darthcoin.substack.com/p/getting-started-ln)\n\n[Lightning resources](https://www.lopp.net/lightning-information.html)\n\n[Plebnet](https://amboss.space/community/7f6a43ba-fc46-4519-9c83-1b260606ac50) (Telegram community of node running plebs)", '124fuw5']]], ['u/Zealousideal-War6206', 'Fortunes are made during the bear market. Bears Present Insane Discount.', 181, '2023-03-28 10:08', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/', "Bear market No. 1: Bitcoin crash from $32 to $0.01 in 2011\n\nBear market No. 2: Bitcoin tanks from $1,000 to below $200 in 2015\xa0\n\nBear market No. 3: Bitcoin plunges below $3,200 after hitting $20,000 in December 2017\n\nBear market No. 4: BTC slumps from $63,000 to $29,000 in 2021\n\nBear market No. 5: Bitcoin plummets from $68,000 to below $20,000 in 2022\n\nFrom the bear market history above you realize Bitcoin always claims previous all time high and triple or quadruple the price. \n\nThis indicates the best time to buy Bitcoin is when everyone is afraid to buy, that's during the bear market. What is the glory of chasing a moving vehicle? \n\nDon't be afraid the next all time high of Bitcoin will move above $68k.", 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/', '124hkok', [['u/Harmz1229', 12, '2023-03-28 10:11', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzaojn/', 'Facts. The people posting on here for Moons are going to make a fortune in the next bull when Moons are 5$+ 👌', '124hkok'], ['u/Dragonfruit1375', 37, '2023-03-28 10:11', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzaq24/', 'BTC will always rise again', '124hkok'], ['u/Cheesebaron', 76, '2023-03-28 10:13', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzauzl/', 'Millionaires are born during the bull, but they are conceived during the bear.', '124hkok'], ['u/coinmarshal', 12, '2023-03-28 10:15', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzaycr/', '>from $32 to $0.01\n\ndid not know this one!', '124hkok'], ['u/Eugene_33', 52, '2023-03-28 10:15', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzb0gp/', "Imagine buying btc in 2011 and holding till now . Now that's the ultimate diamond hands. The only way I could have achieved that is by forgetting the key lol", '124hkok'], ['u/Dry_Profile8312', 34, '2023-03-28 10:21', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzbd31/', 'Facing the red charts and holding through it is one of the bravest thing one can do.', '124hkok'], ['u/kirtash93', 42, '2023-03-28 10:23', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzbj32/', 'This is why I only shill crypto when we are ATH, so they pump my bags.', '124hkok'], ['u/fatfk69', 12, '2023-03-28 10:32', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzc3p2/', 'I thought it was 10$ or we riot?!', '124hkok'], ['u/RiceRare', 11, '2023-03-28 10:46', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzd1jb/', '> you realize Bitcoin always ~~claims~~ claimed previous all time high *so far* ...\n\nFixed it a bit.', '124hkok'], ['u/Big-Finding2976', 44, '2023-03-28 10:54', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzdjkl/', 'Are you saying I should fuck more right now?', '124hkok'], ['u/Bucksaway03', 10, '2023-03-28 11:14', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzevho/', 'And then selling at 20c because those are already epic gains', '124hkok'], ['u/InsaneMcFries', 31, '2023-03-28 11:41', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzgph5/', '*sigh* here it comes\n\n', '124hkok'], ['u/MaeronTargaryen', 14, '2023-03-28 12:12', 'https://www.reddit.com/r/CryptoCurrency/comments/124hkok/fortunes_are_made_during_the_bear_market_bears/jdzixnv/', 'Is that even possible?', '124hkok']]], ['u/slvbtc', 'Ironically it may be the worlds so called currency experts that are the last to understand this once in a one thousand year currency paradigm shift.', 146, '2023-03-28 12:26', 'https://www.reddit.com/r/Bitcoin/...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether is outperforming bitcoin as the CFTC reiterates ether should be under its purview, not the SEC\'s. Insights: The CFTC\'s lawsuit against Binance is part of the increasing regulator scrutiny that crypto is undergoing. Will the suit – and other enforcement actions – ultimately help Asia\'s crypto narrative? Prices CoinDesk Market Index (CMI) 1,185 +22.7 ▲ 2.0% Bitcoin (BTC) $27,302 +435.7 ▲ 1.6% Ethereum (ETH) $1,778 +73.6 ▲ 4.3% S&P 500 3,971.27 −6.3 ▼ 0.2% Gold $1,972 +20.0 ▲ 1.0% Nikkei 225 27,518.25 +41.4 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Up on CFTC Remarks, Bitcoin Flat as Market Digests Binance Suit and Awaits Economic Data Good morning, Asia. This week is proving to be a tumultuous one for news. First, Binance was sued by the Commodity Futures Trading Commission over alleged regulatory violations regarding its derivatives products. Next, Sam Bankman-Fried faces another indictment , this one regarding allegations of bribing officials in China, making some wonder if this will damp Beijing’s mood toward the asset class. Finally, to bring it back to the CFTC, Chair Rostin Behnam reiterated Tuesday during a hearing that he believes ether is a commodity. How’s crypto reacting to this? Bitcoin (BTV) is trading flat, up 1.6% in the last 24 hours to $27,302. Ether (ETH) is up just under 4.3% to $1,778. Given that the CFTC chief reiterated once again, before the U.S. Congress, that the regulator believes ether is a commodity – and not a security as the Securities and Exchange Commission would think – tokens in its orbit are also well in the green. Staking provider Lido saw its token rise by over 12% to $45.81, and Lido staked ether is outperforming ether at on-day gains of 6.5%. Meanwhile, on-chain derivatives exchange GMX’s token is up by 8.7%, perhaps because traders are looking for derivatives infrastructure they believe is beyond the reach of the CFTC (though decentralization, historically, hasn’t been a great defense). Story continues Tokens associated with layer 1 and layer 2 platforms are also in the green, with SOL at 3.5%, DOT at 3.6%, ADA at 6.6% and MATIC at 4.3%. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +10.4% Currency Stellar XLM +8.5% Smart Contract Platform Cardano ADA +6.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights The CFTC Cracks Down. Will Asia Benefit? The U.S. Commodity Futures Trading Commission\'s (CFTC) Monday action against Binance was a surprise to some and an annoyance to many. Sure, traders who use Binance, like the U.S.-based prop shops with offshore accounts, holders of its BNB token, are some of the people who are annoyed. But more importantly, it\'s those who want the U.S. to develop a comprehensive regulatory framework for crypto and stop ruling by enforcement. In 2020, calendar years ago but centuries in crypto time, U.S. Rep. Tom Emmer (R-Minn.) introduced the Securities Clarity Act , which sought to create a new legal category called “investment contract asset.” “This new term would refer to any asset sold as part of an investment contract that would not be considered a ‘security’ but for its sale as part of an investment contract,” was how it was described in a September 2020 statement on Emmer’s website . Effectively, it was a framework for crypto similar to what the Monetary Authority of Singapore has developed, or what authorities in Hong Kong and Taiwan are also working on: rules made in the 2020s for an asset class of the internet era, not relying on an interpretation of a court case from 1946 . “The fact remains that digital assets like cryptocurrencies do not fit neatly into the [Securities and Exchange Commission’s] regulatory framework,” Bo Howell, an Ohio-based securities lawyer, wrote in a January 2022 post explaining the contested authority over crypto . Instead, we have regulation by enforcement. Attempts to dictate things via court rulings, not a rulebook to which all parties have access. In March, Coinbase asked for just that: rule-making. As part of a legal proceeding concerning an ex-Coinbase staff member accused of insider trading, the SEC is attempting to establish a comprehensive definition for securities that encompasses the majority of cryptocurrency tokens, by pursuing securities fraud allegations against the former employee. “The SEC’s suit rests on the erroneous premise that the seven Coinbase-listed assets identified in its complaint are ‘securities.’ But Coinbase does not list any securities on its platform,” an amicus brief Coinbase filed as part of the case in March reads. “The SEC posits that the digital assets qualify as securities because they are “investment contract[s], but the assets lack both essential attributes of that statutory term: They are neither contracts nor investments.” Something similar happened in December . The SEC made the case that FTX\'s exchange token, FTT, is a security as part of a complaint against FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison. The duo are pleading guilty and looking to cooperate with authorities, meaning the SEC\'s allegations won\'t be tested in the adversarial environment of a courtroom. The SEC hasn’t given Coinbase – or any other exchange – anything close to the rulebook they\'ve asked for. There’s no official code to read; lawyers instead have to interpret court filings and read the tea leaves on possible interpretations. “This ongoing and ever-changing regulatory environment hinders well-designed compliance and regulatory plans,” Braden Perry, a former attorney for the CFTC, said in a 2020 interview . His analysis still holds true today. “The last thing any industry wants is what the SEC and CFTC have done: regulation by enforcement, in which agencies decide that some practices should have been illegal, [and then] go back and prosecute the people who were doing it before,” he continued. In a January 2023 interview with CoinDesk, Rep. Emmer said that more legislation is coming. The right kind, hopefully, and not the stuff that drives an industry offshore. “We’re going to focus obviously on legislation, and I think it’s going to be to place key guardrails around the industry,” Emmer said. “Market structure guardrails. Stablecoin guardrails. Things like that.” Right now, this seems bullish for Asia. China’s state-owned banks are soliciting crypto business in Hong Kong, something that would be unheard of or even considered absurd for its sheer unlikeliness if mentioned years ago. But this is crypto. Stuff moves fast. Can America keep up? Maybe it\'s not a bad thing if the industry moves to Asia. Important events Metaverse Fashion Week (Decentraland) 8:30 a.m. HKT/SGT(00:30 UTC) Australia Monthly Consumer Price Index (YoY/Feb) 10:00 p.m. HKT/SGT(14:00 UTC) United States Pending Home Sales (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Former CFTC Chair Massad Reacts to CFTC Case Against Binance; Bitcoin Drops The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao on Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Timothy Massad, former CFTC chair and Harvard Kennedy School research fellow and digital assets policy project director, weighed in. This came as bitcoin sank below $27,000 following news of the lawsuit, dropping to its lowest level since March 17. DFD Partners President Bilal Little shared his crypto markets analysis. Headlines Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process : Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether. Fear and Greed Index Pulls Back After Hitting \'Greediest\' Level Since Late 2021 : The gauge spent most of 2022 mired in "fear" territory. Binance\'s BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit : Some analysts say the exchange\'s recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD. Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin : The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge rollup scaling system StarkNet. Paradigm Leads $7M Round for Optimism-Based Startup Conduit : The newly announced startup will help developers launch Optimism-based applications.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ether is outperforming bitcoin as the CFTC reiterates ether should be under its purview, not the SEC\'s.\nInsights:The CFTC\'s lawsuit against Binance is part of the increasing regulator scrutiny that crypto is undergoing. Will the suit – and other enforcement actions – ultimately help Asia\'s crypto narrative?\nCoinDesk Market Index (CMI)\n1,185\n+22.7▲2.0%\nBitcoin (BTC)\n$27,302\n+435.7▲1.6%\nEthereum (ETH)\n$1,778\n+73.6▲4.3%\nS&P 500\n3,971.27\n−6.3▼0.2%\nGold\n$1,972\n+20.0▲1.0%\nNikkei 225\n27,518.25\n+41.4▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nEther Up on CFTC Remarks, Bitcoin Flat as Market Digests Binance Suit and Awaits Economic Data\nGood morning, Asia.\nThis week is proving to be a tumultuous one for news.\nFirst,Binance was sued by the Commodity Futures Trading Commissionover alleged regulatory violations regarding its derivatives products. Next, Sam Bankman-Friedfaces another indictment, this one regarding allegations of bribing officials in China, making some wonder if this willdamp Beijing’s moodtoward the asset class. Finally, to bring it back to the CFTC, Chair Rostin Behnamreiterated Tuesday during a hearingthat he believes ether is a commodity.\nHow’s crypto reacting to this?\nBitcoin (BTV) is trading flat, up 1.6% in the last 24 hours to $27,302. Ether (ETH) is up just under 4.3% to $1,778.\nGiven that the CFTC chief reiterated once again, before the U.S. Congress, that the regulator believes ether is a commodity – and not a security as the Securities and Exchange Commission would think – tokens in its orbit are also well in the green.\nStaking provider Lido saw its token rise by over 12% to $45.81, and Lido staked ether is outperforming ether at on-day gains of 6.5%. Meanwhile, on-chain derivatives exchange GMX’s token is up by 8.7%, perhaps because traders are looking for derivatives infrastructure they believe is beyond the reach of the CFTC (though decentralization, historically, hasn’t been a great defense).\nTokens associated with layer 1 and layer 2 platforms are also in the green, with SOL at 3.5%, DOT at 3.6%, ADA at 6.6% and MATIC at 4.3%.\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+10.4%", "DACS Sector": "Currency"}, {"Asset": "Stellar", "Ticker": "XLM", "Returns": "+8.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cardano", "Ticker": "ADA", "Returns": "+6.9%", "DACS Sector": "Smart Contract Platform"}]\nThere are no losers in CoinDesk 20 today.\nThe CFTC Cracks Down. Will Asia Benefit?\nThe U.S. Commodity Futures Trading Commission\'s (CFTC)Monday action against Binancewas a surprise to some and an annoyance to many.\nSure, traders who use Binance, like the U.S.-based prop shops with offshore accounts, holders of its BNB token, are some of the people who are annoyed.\nBut more importantly, it\'s those who want the U.S. to develop a comprehensive regulatory framework for crypto and stop ruling by enforcement.\nIn 2020, calendar years ago but centuries in crypto time, U.S. Rep. Tom Emmer (R-Minn.) introduced theSecurities Clarity Act, which sought to create a new legal category called “investment contract asset.”\n“This new term would refer to any asset sold as part of an investment contract that would not be considered a ‘security’ but for its sale as part of an investment contract,” was how it was described in a September 2020statement on Emmer’s website.\nEffectively, it was a framework for crypto similar to what the Monetary Authority of Singapore has developed, or what authorities in Hong Kong and Taiwan are also working on: rules made in the 2020s for an asset class of the internet era, not relying on aninterpretation of a court case from 1946.\n“The fact remains that digital assets like cryptocurrencies do not fit neatly into the [Securities and Exchange Commission’s] regulatory framework,” Bo Howell, an Ohio-based securities lawyer, wrote in a January 2022 post explaining thecontested authority over crypto.\nInstead, we have regulation by enforcement. Attempts to dictate things via court rulings, not a rulebook to which all parties have access.\nIn March, Coinbase asked for just that: rule-making.\nAs part of a legal proceeding concerning an ex-Coinbase staff member accused of insider trading, the SEC is attempting to establish a comprehensive definition for securities that encompasses the majority of cryptocurrency tokens, by pursuing securities fraud allegations against the former employee.\n“The SEC’s suit rests on the erroneous premise that the seven Coinbase-listed assets identified in its complaint are ‘securities.’ But Coinbase does not list any securities on its platform,” anamicus brief Coinbase filedas part of the case in March reads. “The SEC posits that the digital assets qualify as securities because they are “investment contract[s], but the assets lack both essential attributes of that statutory term: They are neither contracts nor investments.”\nSomething similar happened in December. The SEC made the case that FTX\'s exchange token, FTT, is a security as part of a complaint against FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison. The duo are pleading guilty and looking to cooperate with authorities, meaning the SEC\'s allegations won\'t be tested in the adversarial environment of a courtroom.\nThe SEC hasn’t given Coinbase – or any other exchange – anything close to the rulebook they\'ve asked for. There’s no official code to read; lawyers instead have to interpret court filings and read the tea leaves on possible interpretations.\n“This ongoing and ever-changing regulatory environment hinders well-designed compliance and regulatory plans,” Braden Perry, a former attorney for the CFTC,said in a 2020 interview.\nHis analysis still holds true today.\n“The last thing any industry wants is what the SEC and CFTC have done: regulation by enforcement, in which agencies decide that some practices should have been illegal, [and then] go back and prosecute the people who were doing it before,” he continued.\nIn a January 2023 interview with CoinDesk, Rep. Emmersaid that more legislationis coming. The right kind, hopefully, and not the stuff that drives an industry offshore.\n“We’re going to focus obviously on legislation, and I think it’s going to be to place key guardrails around the industry,” Emmer said. “Market structure guardrails. Stablecoin guardrails. Things like that.”\nRight now, this seems bullish for Asia. China’s state-owned banks aresoliciting crypto businessin Hong Kong, something that would be unheard of or even considered absurd for its sheer unlikeliness if mentioned years ago.\nBut this is crypto. Stuff moves fast. Can America keep up? Maybe it\'s not a bad thing if the industry moves to Asia.\nMetaverse Fashion Week (Decentraland)\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Monthly Consumer Price Index (YoY/Feb)\n10:00 p.m. HKT/SGT(14:00 UTC)United States Pending Home Sales (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nFormer CFTC Chair Massad Reacts to CFTC Case Against Binance; Bitcoin Drops\nThe U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao on Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Timothy Massad, former CFTC chair and Harvard Kennedy School research fellow and digital assets policy project director, weighed in. This came as bitcoin sank below $27,000 following news of the lawsuit, dropping to its lowest level since March 17. DFD Partners President Bilal Little shared his crypto markets analysis.\nEthereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process:Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether.\nFear and Greed Index Pulls Back After Hitting \'Greediest\' Level Since Late 2021:The gauge spent most of 2022 mired in "fear" territory.\nBinance\'s BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit:Some analysts say the exchange\'s recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD.\nNewly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin:The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge rollup scaling system StarkNet.\nParadigm Leads $7M Round for Optimism-Based Startup Conduit:The newly announced startup will help developers launch Optimism-based applications.', 'By Kevin Buckland TOKYO, March 29 (Reuters) - The safe-haven U.S. dollar remained on the back foot on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted. The dollar index, which tracks the currency against six major peers, was flat in early Asian trading, following drops of about 0.3% in each of the past two sessions. The weakness comes despite a rise in U.S. Treasury yields, which is also the result of ebbing demand for the safest assets. The yen remained volatile in the run-up to the end of the Japanese fiscal year on Friday. The dollar jumped 0.51% to 131.59 yen, erasing all of the previous day\'s 0.5% decline, when it uncharacteristically moved in the opposite direction with long-term U.S. Treasury yields. The 10-year benchmark U.S. yield pushed 1 basis point higher to a fresh one-week peak at 3.579% in Tokyo trading. Elsewhere, the Australian dollar slipped 0.18% to $0.66965 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for a pause next week in the Reserve Bank\'s rate hiking campaign. The U.S. currency has lost ground as investors took solace in First Citizens BancShares\' agreement to buy all of failed lender Silicon Valley Bank\'s deposits and loans, as well as overnight comments by Michael Barr, the Federal Reserve\'s vice chairman for supervision, that SVB\'s problems were due to "terrible" risk management, suggesting it could be an isolated case. Still, traders remain very sensitive to signs of any further cracks in the banking system. "Issues in U.S. banks will remain the dominant influence on the USD in the near term," Joseph Capurso, a strategist at Commonwealth Bank of Australia, wrote in a client note, pointing to the importance of weekly data on money market flows due later in the day, which "will likely highlight the shift of deposits out of small U.S. banks into large banks." Story continues "Another large increase in inflows to money market funds is therefore a downside risk to the USD over the next twenty four hours," Capurso said. The euro was flat at $1.0845 and sterling slipped 0.06% to $1.2334. Bitcoin edged up to around $27,400, finding its feet following the problems at the world\'s biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC). The token had dipped as low as $26,541 on Monday, after its retreat from a nine-month high of $29,380 last week. (Reporting by Kevin Buckland Editing by Shri Navaratnam)', 'By Kevin Buckland\nTOKYO, March 29 (Reuters) - The safe-haven U.S. dollar remained on the back foot on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted.\nThe dollar index, which tracks the currency against six major peers, was flat in early Asian trading, following drops of about 0.3% in each of the past two sessions. The weakness comes despite a rise in U.S. Treasury yields, which is also the result of ebbing demand for the safest assets.\nThe yen remained volatile in the run-up to the end of the Japanese fiscal year on Friday. The dollar jumped 0.51% to 131.59 yen, erasing all of the previous day\'s 0.5% decline, when it uncharacteristically moved in the opposite direction with long-term U.S. Treasury yields.\nThe 10-year benchmark U.S. yield pushed 1 basis point higher to a fresh one-week peak at 3.579% in Tokyo trading.\nElsewhere, the Australian dollar slipped 0.18% to $0.66965 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for a pause next week in the Reserve Bank\'s rate hiking campaign.\nThe U.S. currency has lost ground as investors took solace in First Citizens BancShares\' agreement to buy all of failed lender Silicon Valley Bank\'s deposits and loans, as well as overnight comments by Michael Barr, the Federal Reserve\'s vice chairman for supervision, that SVB\'s problems were due to "terrible" risk management, suggesting it could be an isolated case.\nStill, traders remain very sensitive to signs of any further cracks in the banking system.\n"Issues in U.S. banks will remain the dominant influence on the USD in the near term," Joseph Capurso, a strategist at Commonwealth Bank of Australia, wrote in a client note, pointing to the importance of weekly data on money market flows due later in the day, which "will likely highlight the shift of deposits out of small U.S. banks into large banks."\n"Another large increase in inflows to money market funds is therefore a downside risk to the USD over the next twenty four hours," Capurso said.\nThe euro was flat at $1.0845 and sterling slipped 0.06% to $1.2334.\nBitcoin edged up to around $27,400, finding its feet following the problems at the world\'s biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC).\nThe token had dipped as low as $26,541 on Monday, after its retreat from a nine-month high of $29,380 last week.\n(Reporting by Kevin Buckland Editing by Shri Navaratnam)', 'By Saqib Iqbal Ahmed\nNEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches.\nThe dollar index, which measures the currency against six rivals, was 0.18% higher on the day at 102.67, pulling away from the near seven-week low of 101.91 touched late last week.\n"The recent failures in the financial sector of the U.S. appear to be contained and the immediate bleeding has stopped," Helen Given, FX trader at Monex USA, said.\nImproving risk sentiment and investor hopes that central banks can once again turn their attention toward fighting inflation was helping support the dollar, Given said.\n"Though we see some downside for USD in the second half of the year, dollar strength looks likely to continue on its current path for now," she said.\nGlobal financial markets were roiled in recent weeks as investors balked at the collapse of two U.S. lenders and the rescue of Credit Suisse, with the dollar coming under pressure as worries grew that the market turmoil may leave the Federal Reserve unable to persist with its inflation-fighting interest rate hikes.\nWorries, however, have faded this week as investors took solace from First Citizens BancShares\' agreement to buy all of failed lender Silicon Valley Bank\'s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions.\nOn Tuesday, Michael Barr, the Fed\'s vice chairman for supervision, told the Senate Banking Committee that Silicon Valley Bank\'s problems were due to "terrible" risk management, suggesting it could be an isolated case.\n"Vice Chair Barr\'s testimony to Congress yesterday helped provide USD with a little life raft, easing fears that the Fed may not be able to contain the damage of the last few weeks," Given said.\nThe dollar rose to a one-week high against the yen, which remained volatile in the run-up to the end of the Japanese fiscal year on Friday.\n"A decent amount of USD/JPY flow today is end of quarter related," Monex USA\'s Given said.\n"Traders are concerned with real money outcomes at the moment, but as global risk sentiment continues to improve, JPY as a traditional haven looks less appealing," she said.\nThe dollar was 1.37% higher at 132.71 yen.\nElsewhere, the Australian dollar slipped 0.48% to $0.6677 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week.\nThe Canadian dollar was 0.2% higher against its U.S. counterpart, on pace for its third straight session of gains, after Bank of Canada Deputy Governor Toni Gravelle said the bank is ready to step in with support if the banking system comes under severe strain, but now it is not even close to being worried about the health of the financial system.\nBitcoin rose 3.88% to $28,329, finding its feet having slid following the problems at the world\'s biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC).\n(Reporting by Saqib Iqbal Ahmed in New York, additional reporting by Alun John in London, Kevin Buckland in Tokyo; Editing by Angus MacSwan, Christina Fincher and Jonathan Oatis)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The dollar index, which measures the currency against six rivals, was 0.18% higher on the day at 102.67, pulling away from the near seven-week low of 101.91 touched late last week. "The recent failures in the financial sector of the U.S. appear to be contained and the immediate bleeding has stopped," Helen Given, FX trader at Monex USA, said. Improving risk sentiment and investor hopes that central banks can once again turn their attention toward fighting inflation was helping support the dollar, Given said. "Though we see some downside for USD in the second half of the year, dollar strength looks likely to continue on its current path for now," she said. Global financial markets were roiled in recent weeks as investors balked at the collapse of two U.S. lenders and the rescue of Credit Suisse, with the dollar coming under pressure as worries grew that the market turmoil may leave the Federal Reserve unable to persist with its inflation-fighting interest rate hikes. Worries, however, have faded this week as investors took solace from First Citizens BancShares\' agreement to buy all of failed lender Silicon Valley Bank\'s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions. On Tuesday, Michael Barr, the Fed\'s vice chairman for supervision, told the Senate Banking Committee that Silicon Valley Bank\'s problems were due to "terrible" risk management, suggesting it could be an isolated case. "Vice Chair Barr\'s testimony to Congress yesterday helped provide USD with a little life raft, easing fears that the Fed may not be able to contain the damage of the last few weeks," Given said. The dollar rose to a one-week high against the yen, which remained volatile in the run-up to the end of the Japanese fiscal year on Friday. Story continues "A decent amount of USD/JPY flow today is end of quarter related," Monex USA\'s Given said. "Traders are concerned with real money outcomes at the moment, but as global risk sentiment continues to improve, JPY as a traditional haven looks less appealing," she said. The dollar was 1.37% higher at 132.71 yen. Elsewhere, the Australian dollar slipped 0.48% to $0.6677 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week. The Canadian dollar was 0.2% higher against its U.S. counterpart, on pace for its third straight session of gains, after Bank of Canada Deputy Governor Toni Gravelle said the bank is ready to step in with support if the banking system comes under severe strain, but now it is not even close to being worried about the health of the financial system. Bitcoin rose 3.88% to $28,329, finding its feet having slid following the problems at the world\'s biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC). (Reporting by Saqib Iqbal Ahmed in New York, additional reporting by Alun John in London, Kevin Buckland in Tokyo; Editing by Angus MacSwan, Christina Fincher and Jonathan Oatis)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The dollar index, which measures the currency against six rivals, was 0.18% higher on the day at 102.67, pulling away from the near seven-week low of 101.91 touched late last week. "The recent failures in the financial sector of the U.S. appear to be contained and the immediate bleeding has stopped," Helen Given, FX trader at Monex USA, said. Improving risk sentiment and investor hopes that central banks can once again turn their attention toward fighting inflation was helping support the dollar, Given said. "Though we see some downside for USD in the second half of the year, dollar strength looks likely to continue on its current path for now," she said. Global financial markets were roiled in recent weeks as investors balked at the collapse of two U.S. lenders and the rescue of Credit Suisse, with the dollar coming under pressure as worries grew that the market turmoil may leave the Federal Reserve unable to persist with its inflation-fighting interest rate hikes. Worries, however, have faded this week as investors took solace from First Citizens BancShares\' agreement to buy all of failed lender Silicon Valley Bank\'s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions. On Tuesday, Michael Barr, the Fed\'s vice chairman for supervision, told the Senate Banking Committee that Silicon Valley Bank\'s problems were due to "terrible" risk management, suggesting it could be an isolated case. "Vice Chair Barr\'s testimony to Congress yesterday helped provide USD with a little life raft, easing fears that the Fed may not be able to contain the damage of the last few weeks," Given said. The dollar rose to a one-week high against the yen, which remained volatile in the run-up to the end of the Japanese fiscal year on Friday. Story continues "A decent amount of USD/JPY flow today is end of quarter related," Monex USA\'s Given said. "Traders are concerned with real money outcomes at the moment, but as global risk sentiment continues to improve, JPY as a traditional haven looks less appealing," she said. The dollar was 1.37% higher at 132.71 yen. Elsewhere, the Australian dollar slipped 0.48% to $0.6677 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week. The Canadian dollar was 0.2% higher against its U.S. counterpart, on pace for its third straight session of gains, after Bank of Canada Deputy Governor Toni Gravelle said the bank is ready to step in with support if the banking system comes under severe strain, but now it is not even close to being worried about the health of the financial system. Bitcoin rose 3.88% to $28,329, finding its feet having slid following the problems at the world\'s biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC). (Reporting by Saqib Iqbal Ahmed in New York, additional reporting by Alun John in London, Kevin Buckland in Tokyo; Editing by Angus MacSwan, Christina Fincher and Jonathan Oatis)', 'By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The dollar index, which measures the currency against six rivals, was 0.18% higher on the day at 102.67, pulling away from the near seven-week low of 101.91 touched late last week. "The recent failures in the financial sector of the U.S. appear to be contained and the immediate bleeding has stopped," Helen Given, FX trader at Monex USA, said. Improving risk sentiment and investor hopes that central banks can once again turn their attention toward fighting inflation was helping support the dollar, Given said. "Though we see some downside for USD in the second half of the year, dollar strength looks likely to continue on its current path for now," she said. Global financial markets were roiled in recent weeks as investors balked at the collapse of two U.S. lenders and the rescue of Credit Suisse, with the dollar coming under pressure as worries grew that the market turmoil may leave the Federal Reserve unable to persist with its inflation-fighting interest rate hikes. Worries, however, have faded this week as investors took solace from First Citizens BancShares\' agreement to buy all of failed lender Silicon Valley Bank\'s deposits and loans, and the fact that no further cracks have emerged in global banking in recent sessions. On Tuesday, Michael Barr, the Fed\'s vice chairman for supervision, told the Senate Banking Committee that Silicon Valley Bank\'s problems were due to "terrible" risk management, suggesting it could be an isolated case. "Vice Chair Barr\'s testimony to Congress yesterday helped provide USD with a little life raft, easing fears that the Fed may not be able to contain the damage of the last few weeks," Given said. The dollar rose to a one-week high against the yen, which remained volatile in the run-up to the end of the Japanese fiscal year on Friday. Story continues "A decent amount of USD/JPY flow today is end of quarter related," Monex USA\'s Given said. "Traders are concerned with real money outcomes at the moment, but as global risk sentiment continues to improve, JPY as a traditional haven looks less appealing," she said. The dollar was 1.37% higher at 132.71 yen. Elsewhere, the Australian dollar slipped 0.48% to $0.6677 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week. The Canadian dollar was 0.2% higher against its U.S. counterpart, on pace for its third straight session of gains, after Bank of Canada Deputy Governor Toni Gravelle said the bank is ready to step in with support if the banking system comes under severe strain, but now it is not even close to being worried about the health of the financial system. Bitcoin rose 3.88% to $28,329, finding its feet having slid following the problems at the world\'s biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC). (Reporting by Saqib Iqbal Ahmed in New York, additional reporting by Alun John in London, Kevin Buckland in Tokyo; Editing by Angus MacSwan, Christina Fincher and Jonathan Oatis)', 'Bitcoin rebounded in Wednesday morning trading in Asia after a slide earlier in the week when U.S. regulators filed a lawsuit against Binance, the world’s biggest cryptocurrency exchange. All other top 10 non-stablecoin cryptocurrencies gained ground. XRP continued to lead the winners, while Cardano followed. U.S. equities moved lower on Tuesday on broader worries about interest rates and the economy and as regulators proposed stricter rules on the U.S. banking industry.\nSee related article:Asia leads crypto regulations, innovation may leave the US, says Ripple’s Long\n• Bitcoin edged up 1.29% to US$27,290 in the 24 hours to 9:00 a.m. in Hong Kong, posting a weekly loss of 2.76%, according toCoinMarketCap data. The leading cryptocurrency see-sawed so far this week after the Commodity Futures Trading Commission’s (CFTC) filed alawsuit against Binancefor alleged violation of trading rules. Bitcoin dropped from around US$28,000 to a low of US$26,677 on Tuesday, and bounced back above the US$27,000 mark early Wednesday.\n• Ethereum also regained ground, rising 4.09% to US$1,776, but still down 0.78% for the past seven days.\n• XRP continued to lead the winners, jumping 10.04% to US$0.5215 for a rise of 12.92% over the seven days. The token continues to gain on expectations that Ripple Labs, whose crypto payment network is powered by XRP, may win a favorable ruling in alawsuitfiled against the company by the U.S. Securities and Exchange Commission. The SEC charged Ripple with selling an unregistered security in the form of XRP.\n• “The implications for the case are very broad-reaching for the crypto industry because we expect that this decision will ultimately set a precedent for how the U.S. government will look at categorizing crypto assets and regulating them,” Ripple Labs President Monica LongtoldForkast.Newson Tuesday.\n• Cardano posted the second largest gain among the top 10 non-stablecoin cryptocurrencies, jumping 6.68% to US$0.3678, but is still down 1.06% for the week.\n• Adding to regulatory tensions, a U.S. judgeordereda hold on Binance’sUS$1.3 billion acquisitionof bankrupt crypto lender Voyager Digital, as requested by the Department of Justice thatappealedan earlier court ruling to approve the sale.\n• The total crypto market capitalization rose 1.80% in the past 24 hours to US$1.15 trillion. Total trading volume over the last 24 hours dropped 6.00% to US$39.94 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.34% in the past 24 hours to 4,006.47 as of 09:00 a.m. in Hong Kong, moving down 3.26% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company,CryptoSlam.\n• U.S. equities closed lower on Tuesday. The Dow Jones Industrial Average dipped 0.12%, the S&P 500 edged down 0.16%, and the Nasdaq Composite Index dropped 0.45%.\n• The U.S. Congress held ahearingTuesday on recent bank failures where regulators assured deposits in U.S. banks were safe, but said tighter regulations are required on the banking industry. U.S. President Joe Bidensaidon Tuesday he was confident the problems in the banking system were being resolved, but his administration would offer additional support as needed.\n• The U.S. consumer confidence index rose slightly in March, the Conference Boardreportedon Tuesday, suggesting more optimism in the economy than thought as the expectation was for a decline.\n• On inflation, analysts at theCME Groupexpect a 57.5% chance the Fed will keep rates between 4.75% to 5% at its next meeting on May 3. The chance of another 25 basis-point hike is at 42.5%, up from 41.7% on Tuesday.\n• U.S. stock futures moved up as of 9:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged 0.27% higher, S&P 500 futures rose 0.34% and the Nasdaq Composite Index gained 0.36%. Investors are now waiting for the data about U.S. pending home sales in February, where experts expect a 3% decline from the previous month, according toCNBCon Tuesday.\nSee related article:Bankman-Fried charged with paying millions in bribes to Chinese government officials', 'Bitcoin rebounded in Wednesday morning trading in Asia after a slide earlier in the week when U.S. regulators filed a lawsuit against Binance, the world\x92s biggest cryptocurrency exchange. All other top 10 non-stablecoin cryptocurrencies gained ground. XRP continued to lead the winners, while Cardano followed. U.S. equities moved lower on Tuesday on broader worries about interest rates and the economy and as regulators proposed stricter rules on the U.S. banking industry. See related article: Asia leads crypto regulations, innovation may leave the US, says Ripple\x92s Long Fast facts Bitcoin edged up 1.29% to US$27,290 in the 24 hours to 9:00 a.m. in Hong Kong, posting a weekly loss of 2.76%, according to CoinMarketCap data . The leading cryptocurrency see-sawed so far this week after the Commodity Futures Trading Commission\x92s (CFTC) filed a lawsuit against Binance for alleged violation of trading rules. Bitcoin dropped from around US$28,000 to a low of US$26,677 on Tuesday, and bounced back above the US$27,000 mark early Wednesday. Ethereum also regained ground, rising 4.09% to US$1,776, but still down 0.78% for the past seven days. XRP continued to lead the winners, jumping 10.04% to US$0.5215 for a rise of 12.92% over the seven days. The token continues to gain on expectations that Ripple Labs, whose crypto payment network is powered by XRP, may win a favorable ruling in a lawsuit filed against the company by the U.S. Securities and Exchange Commission. The SEC charged Ripple with selling an unregistered security in the form of XRP. \x93The implications for the case are very broad-reaching for the crypto industry because we expect that this decision will ultimately set a precedent for how the U.S. government will look at categorizing crypto assets and regulating them,\x94 Ripple Labs President Monica Long told Forkast.News on Tuesday. Cardano posted the second largest gain among the top 10 non-stablecoin cryptocurrencies, jumping 6.68% to US$0.3678, but is still down 1.06% for the week. Adding to regulatory tensions, a U.S. judge ordered a hold on Binance\x92s US$1.3 billion acquisition of bankrupt crypto lender Voyager Digital, as requested by the Department of Justice that appealed an earlier court ruling to approve the sale. The total crypto market capitalization rose 1.80% in the past 24 hours to US$1.15 trillion. Total trading volume over the last 24 hours dropped 6.00% to US$39.94 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.34% in the past 24 hours to 4,006.47 as of 09:00 a.m. in Hong Kong, moving down 3.26% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company, CryptoSlam . U.S. equities closed lower on Tuesday. The Dow Jones Industrial Average dipped 0.12%, the S&P 500 edged down 0.16%, and the Nasdaq Composite Index dropped 0.45%. The U.S. Congress held a hearing Tuesday on recent bank failures where regulators assured deposits in U.S. banks were safe, but said tighter regulations are required on the banking industry. U.S. President Joe Biden said on Tuesday he was confident the problems in the banking system were being resolved, but his administration would offer additional support as needed. The U.S. consumer confidence index rose slightly in March, the Conference Board reported on Tuesday, suggesting more optimism in the economy than thought as the expectation was for a decline. On inflation, analysts at the CME Group expect a 57.5% chance the Fed will keep rates between 4.75% to 5% at its next meeting on May 3. The chance of another 25 basis-point hike is at 42.5%, up from 41.7% on Tuesday. U.S. stock futures moved up as of 9:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged 0.27% higher, S&P 500 futures rose 0.34% and the Nasdaq Composite Index gained 0.36%. Investors are now waiting for the data about U.S. pending home sales in February, where experts expect a 3% decline from the previous month, according to CNBC on Tuesday. See related article: Bankman-Fried charged with paying millions in bribes to Chinese government officials', 'Bitcoin rebounded in Wednesday morning trading in Asia after a slide earlier in the week when U.S. regulators filed a lawsuit against Binance, the world’s biggest cryptocurrency exchange. All other top 10 non-stablecoin cryptocurrencies gained ground. XRP continued to lead the winners, while Cardano followed. U.S. equities moved lower on Tuesday on broader worries about interest rates and the economy and as regulators proposed stricter rules on the U.S. banking industry.\nSee related article:Asia leads crypto regulations, innovation may leave the US, says Ripple’s Long\n• Bitcoin edged up 1.29% to US$27,290 in the 24 hours to 9:00 a.m. in Hong Kong, posting a weekly loss of 2.76%, according toCoinMarketCap data. The leading cryptocurrency see-sawed so far this week after the Commodity Futures Trading Commission’s (CFTC) filed alawsuit against Binancefor alleged violation of trading rules. Bitcoin dropped from around US$28,000 to a low of US$26,677 on Tuesday, and bounced back above the US$27,000 mark early Wednesday.\n• Ethereum also regained ground, rising 4.09% to US$1,776, but still down 0.78% for the past seven days.\n• XRP continued to lead the winners, jumping 10.04% to US$0.5215 for a rise of 12.92% over the seven days. The token continues to gain on expectations that Ripple Labs, whose crypto payment network is powered by XRP, may win a favorable ruling in alawsuitfiled against the company by the U.S. Securities and Exchange Commission. The SEC charged Ripple with selling an unregistered security in the form of XRP.\n• “The implications for the case are very broad-reaching for the crypto industry because we expect that this decision will ultimately set a precedent for how the U.S. government will look at categorizing crypto assets and regulating them,” Ripple Labs President Monica LongtoldForkast.Newson Tuesday.\n• Cardano posted the second largest gain among the top 10 non-stablecoin cryptocurrencies, jumping 6.68% to US$0.3678, but is still down 1.06% for the week.\n• Adding to regulatory tensions, a U.S. judgeordereda hold on Binance’sUS$1.3 billion acquisitionof bankrupt crypto lender Voyager Digital, as requested by the Department of Justice thatappealedan earlier court ruling to approve the sale.\n• The total crypto market capitalization rose 1.80% in the past 24 hours to US$1.15 trillion. Total trading volume over the last 24 hours dropped 6.00% to US$39.94 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.34% in the past 24 hours to 4,006.47 as of 09:00 a.m. in Hong Kong, moving down 3.26% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company,CryptoSlam.\n• U.S. equities closed lower on Tuesday. The Dow Jones Industrial Average dipped 0.12%, the S&P 500 edged down 0.16%, and the Nasdaq Composite Index dropped 0.45%.\n• The U.S. Congress held ahearingTuesday on recent bank failures where regulators assured deposits in U.S. banks were safe, but said tighter regulations are required on the banking industry. U.S. President Joe Bidensaidon Tuesday he was confident the problems in the banking system were being resolved, but his administration would offer additional support as needed.\n• The U.S. consumer confidence index rose slightly in March, the Conference Boardreportedon Tuesday, suggesting more optimism in the economy than thought as the expectation was for a decline.\n• On inflation, analysts at theCME Groupexpect a 57.5% chance the Fed will keep rates between 4.75% to 5% at its next meeting on May 3. The chance of another 25 basis-point hike is at 42.5%, up from 41.7% on Tuesday.\n• U.S. stock futures moved up as of 9:00 a.m. in Hong Kong. Dow Jones Industrial Average futures edged 0.27% higher, S&P 500 futures rose 0.34% and the Nasdaq Composite Index gained 0.36%. Investors are now waiting for the data about U.S. pending home sales in February, where experts expect a 3% decline from the previous month, according toCNBCon Tuesday.\nSee related article:Bankman-Fried charged with paying millions in bribes to Chinese government officials', "ETFs have democratized investing, bringing all sorts of formerly exclusive strategies to the masses. Some of the most sophisticated of those strategies are offered by Simplify, the issuer behind ETFs like the Simplify Interest Rate Hedge ETF (PFIX) and the Simplify Managed Futures Strategy ETF (CTA) . How do these ETFs work, and why should investors consider them? etf.com Senior Analyst Sumit Roy sits down with Harley Bassman, managing partner at Simplify. Recommended Stories Best and Worst Performing ETFs of the Year Best and Worst Performing ETFs of the Year Roundhill Debuts Mega Cap Banking ETF Grayscale on the 'Holy Grail of Bitcoin ETFs’: Spot Bitcoin ETF Permalink | © Copyright 2023 ETF.com. All rights reserved", "ETFs have democratized investing, bringing all sorts of formerly exclusive strategies to the masses. Some of the most sophisticated of those strategies are offered by Simplify, the issuer behind ETFs like theSimplify Interest Rate Hedge ETF (PFIX)and theSimplify Managed Futures Strategy ETF (CTA). How do these ETFs work, and why should investors consider them?etf.comSenior Analyst Sumit Roy sits down with Harley Bassman, managing partner at Simplify.\nRecommended Stories\n• Best and Worst Performing ETFs of the Year\n• Best and Worst Performing ETFs of the Year\n
**Last 60 Days of Bitcoin's Closing Prices:**
[23031.09, 23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-29
**Financial & Commodity Data:**
- Gold Closing Price: $1966.10
- Crude Oil Closing Price: $72.97
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $549,498,242,812
- Hash Rate: 342303914.6141264
- Transaction Count: 334637.0
- Unique Addresses: 727221.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.57
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was a good run: just under 48 hours.
That’s how long the Chinese government allowed Damus, a decentralized, Apple-native Twitter alternative backed by Jack Dorsey, to live on the country’s version of Apple’s App Store. On Thursday, Damus announced the Cyberspace Administration of China (CAC) had demanded the app’s removal, due to alleged violation of national speech laws. Apple immediately complied with the request.
Damus is just one of several projects currently being built atop Nostr, a decentralized social media protocol favored by Dorsey. Last year, the Twitter co-founder donated 14 BTC (about $327,000 at writing) to fund Nostr’s development. The app also integrates the Bitcoin Lightning Network for payments.
Nostr is an open-source protocol based on cryptographic keypairs that aims to become the foundation of a global, decentralized, censorship-resistant social network. Anyone can build an app on top of Nostr; on such apps, users can’t be banned, and posts can’t be censored, as clients are run by all users. Nostr developers created Apple-compatible Twitter analog Damus as a proof of concept of Nostr’s potential.Other projectsbuilt atop the protocol include would-be Telegram replacement Anigma and chess app Jester.
Damus had only just launched globally on Tuesday after obtaining approval from Apple to be listed in the App Store.
While Apple, at the behest of national governments, can ban apps built on Nostr like Damus, no entity is able to censor Nostr itself. That selling point is the main reason free speech proponents like Dorsey have so vocally supported the protocol.
Dorsey has long advocated for the proliferation of censorship-resistant social media platforms. While acting as Twitter’s CEO in 2019, Dorseyfunded a small teamtasked with creating a decentralized social media protocol. In September, court records revealed that Dorseyimplored Elon Musk, during Musk’s acquisition of Twitter, to transition the app to an “open source protocol, funded by a foundation.”
Musk has not yet heeded that advice. In late January, the world’ssecondrichest manstirred some controversy by censoring a BBC documentary critical of Indian Prime Minister Narendra Modi at the behest of the Indian government, per a report fromThe Intercept. Free speech advocates decried the decision to ban the film, which questions Modi’s role in a 2002 anti-Muslim massacre in Gujarat.
“Elon Musk really shouldn’t be fighting Nostr, since it’s just about the only thing that can save his business,” whistleblower and privacy advocate Edward Snowden tweeted at the time. “The fate of the old platform model over the next decade is clear.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Scanning and analyzing a blockchain can be challenging, particularly when sorting through tens of thousands of blockchain addresses and millions of transactions. It\'s tedious and time-consuming and the story being told is often elusive. The Austin-based startup Blocktrace hopes that artificial intelligence can make the blockchain analysis process faster, and uncovering trends and anomolies easier.\nLaunched in 2018 by software engineer Shaun MaGruder, whose background includes work as the head of training at blockchain forensics firm, Chainalysis, Blocktrace is an AI-fortified blockchain forensic and analytical service provider. Using a chatbot they named Robby the Robot—after the iconic character from the sci-fi film "Forbidden Planet"—Blocktrace developed their AI to interact with data on the Bitcoin blockchain.\nBlocktrace CEO MaGruder toldDecryptin an interview that the company decided to start the Robby project with Bitcoin because of its large sample size and history.\n"Bitcoin is a great project to start with and will likely always be around, just like Ethereum," MaGruder said. "It\'s considered the OG because it was the first and has a large pool of user base addresses with a lot of activity."\nAccording to MaGruder, a copy of the Bitcoin blockchain data is stored in Blocktrace\'s database—already a significant technical feat. Enhanced with an AI layer, their application allows users to ask natural language questions like a virtual assistant.\nA natural language model is a type of artificial intelligence designed to understand and process human language, similar to how humans do.\n"Users can quickly ask for specific information, such as transactions between dates and amounts," MaGruder said. "This saves time compared to the manual process, which could take one to two hours using a blockchain explorer."\nMaGruder explains that Blocktrace aims to enable investigators and users to use the technology developed by OpenAI to quickly find Bitcoin addresses and identify transactions that occurred on the network with greater accuracy and detail.\n"Instead of requiring a data engineer or data scientist to translate natural language questions into SQL queries, Robbie has already been trained on the data model and can quickly fetch results for the user," MaGruder said, calling the process more efficient and one that does not require continuous training for new data scientists.\nWhile still in beta, Robby is expected to be made available for the public to use later this year. Before rolling Robby out to the public, however, MaGruder said the chatbot would first be given to a closed group to test.\n"We want to make sure that Robbie is stable and that we don\'t fall on our faces when we release it to the public," MaGruder said. "We want to make sure that the questions that the public is going to ask are questions we\'ve already asked Robbie."\n"As expected, people will compare Robbie to a traditional blockchain explorer and determine whether Robbie is correct or incorrect," MaGruder said. "To gather feedback, we will implement a thumbs up and thumbs down button. A thumbs up will serve as positive reinforcement, while a thumbs down will indicate areas needing improvement."\nBlocktrace is just the latest Web3 company looking to leverage the power of artificial intelligence for blockchain analysis. Others using the technology include Elliptic, Chainalysis, CipherTrace, and Nansen.\n"It\'s something we\'re looking at very deeply," Andrew Thurman, a Nansen engineer, toldDecryptat ETH Denver. "You can use things like AI analysis on the blockchain to see if [wallets] are doing the same things at the same time." Thurman added that even if there are no explicit connections, you can infer within a good level of certainty that all of those wallets are tied to the same entity.\n"Algorithmic labeling, and AI labeling, I think, have a pretty significant future in blockchain analysis," Thurman said.', 'Scanning and analyzing a blockchain can be challenging, particularly when sorting through tens of thousands of blockchain addresses and millions of transactions. It\'s tedious and time-consuming and the story being told is often elusive. The Austin-based startup Blocktrace hopes that artificial intelligence can make the blockchain analysis process faster, and uncovering trends and anomolies easier. Launched in 2018 by software engineer Shaun MaGruder, whose background includes work as the head of training at blockchain forensics firm, Chainalysis, Blocktrace is an AI-fortified blockchain forensic and analytical service provider. Using a chatbot they named Robby the Robot—after the iconic character from the sci-fi film "Forbidden Planet"—Blocktrace developed their AI to interact with data on the Bitcoin blockchain. Blocktrace CEO MaGruder told Decrypt in an interview that the company decided to start the Robby project with Bitcoin because of its large sample size and history. ChatGPT + Bitcoin, please meet Robby the Robot. 🤖 As a language model equipped with advanced natural language processing technology, Robby can effectively interpret complex user questions and provide insightful answers. pic.twitter.com/W2OHChBoIc — BLOCKTRACE (@blocktrace) March 28, 2023 "Bitcoin is a great project to start with and will likely always be around, just like Ethereum," MaGruder said. "It\'s considered the OG because it was the first and has a large pool of user base addresses with a lot of activity." According to MaGruder, a copy of the Bitcoin blockchain data is stored in Blocktrace\'s database—already a significant technical feat. Enhanced with an AI layer, their application allows users to ask natural language questions like a virtual assistant. Story continues A natural language model is a type of artificial intelligence designed to understand and process human language, similar to how humans do. "Users can quickly ask for specific information, such as transactions between dates and amounts," MaGruder said. "This saves time compared to the manual process, which could take one to two hours using a blockchain explorer." MaGruder explains that Blocktrace aims to enable investigators and users to use the technology developed by OpenAI to quickly find Bitcoin addresses and identify transactions that occurred on the network with greater accuracy and detail. "Instead of requiring a data engineer or data scientist to translate natural language questions into SQL queries, Robbie has already been trained on the data model and can quickly fetch results for the user," MaGruder said, calling the process more efficient and one that does not require continuous training for new data scientists. While still in beta, Robby is expected to be made available for the public to use later this year. Before rolling Robby out to the public, however, MaGruder said the chatbot would first be given to a closed group to test. "We want to make sure that Robbie is stable and that we don\'t fall on our faces when we release it to the public," MaGruder said. "We want to make sure that the questions that the public is going to ask are questions we\'ve already asked Robbie." "As expected, people will compare Robbie to a traditional blockchain explorer and determine whether Robbie is correct or incorrect," MaGruder said. "To gather feedback, we will implement a thumbs up and thumbs down button. A thumbs up will serve as positive reinforcement, while a thumbs down will indicate areas needing improvement." Blocktrace is just the latest Web3 company looking to leverage the power of artificial intelligence for blockchain analysis. Others using the technology include Elliptic, Chainalysis, CipherTrace, and Nansen. "It\'s something we\'re looking at very deeply," Andrew Thurman, a Nansen engineer, told Decrypt at ETH Denver. "You can use things like AI analysis on the blockchain to see if [wallets] are doing the same things at the same time." Thurman added that even if there are no explicit connections, you can infer within a good level of certainty that all of those wallets are tied to the same entity. "Algorithmic labeling, and AI labeling, I think, have a pretty significant future in blockchain analysis," Thurman said.', 'Bitcoin climbed back above US$28,000 in Thursday morning trading in Asia in a broad based rally that lifted most other top 10 non-stablecoin cryptocurrencies and seemingly shrugged off concerns about regulators in the U.S. filing warnings and lawsuits against crypto exchanges. Bitcoin led the day’s gains while XRP led the winners for the week. U.S. equities rose on Wednesday as investors seemed to be moving on from concerns about the state of the banking system after a series of lender failures earlier this month.\nSee related article:SEC charges Beaxy cryptocurrency platform for violating securities laws\n• Bitcoin led the gainers among the top 10 non-stablecoin cryptocurrencies, jumping 3.87% to US$28,345 in the 24 hours to 9:00 a.m. in Hong Kong, to post a weekly gain of 3.61%, according toCoinMarketCap data.\n• The leading cryptocurrency has bounced back from a low of US$26,677 on Tuesday this week after the Commodity Futures Trading Commission’s (CFTC) filed alawsuit against Binancefor alleged violation of trading rules.\n• Ethereum rose 0.65% to US$1,788, holding a weekly gain of 2.78%. The token briefly traded above the US$1,800 resistance level on Wednesday.\n• The rally in cryptocurrencies comes amid rising tension between cryptocurrency platforms and U.S. regulators. Crypto asset trading platformBeaxy.com closed on Wednesdayafter the Securities and Exchange Commission (SEC) charged it for violating securities laws, making it at least the fourth crypto exchange to be targeted by a U.S. federal agency so far this year. The SEC has finedKraken, issued a warning toCoinbase, while the CFTC filed a lawsuit againstBinance. SEC ChairGary Gensleris also requesting more resources to regulate the crypto market.\n• However, thelawsuitissued by the CFTC against Binance indicates conflicts between the regulators themselves. The CFTC filing lists Bitcoin, Ether and Litecoin as commodities, contradicting theSEC’s previous stated view.\n• XRP rose 3.42% to US$0.5387 for a gain of 27.64% over the past seven days, the biggest weekly gain among the top 10 non-stablecoin cryptos. The CFTC’s lawsuit against Binance might provide support for Ripple Labs in its court battle with the SEC, which has charged the company with selling an unregistered security in the form of XRP, according toCNBCon Thursday.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index traded flat at 4,005.60 as of 09:30 a.m. in Hong Kong, edging up 0.01% in the past 24 hours, nearly 20% of sales were in newer collections from Yuga Labs’ HV-MTL andNakamigos from HiFO Labs., according to Forkast Labs data.\n• The Forkast 500 index is down 2.78% for the week, after briefly falling below the 4,000 mark earlier on Thursday. The Forkast Labs index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company,CryptoSlam.\n• U.S. equities closed higher on Wednesday. The Dow Jones Industrial Average rose 1.00%, the S&P 500 gained 1.42%, and the Nasdaq Composite Index moved up 1.79%. Equities rebounded as concern about weakness in the banking industry receded amid U.S.hearingson recent bank failures.\n• Investors are waiting for more economic data this week, with Friday’s Personal Consumption Expenditures (PCE) index offering signals into the possible next interest rate moves by the Federal Reserve to curb inflation.\n• U.S. stock futures edged down as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures moved 0.09% lower, S&P 500 futures dipped 0.07% and the Nasdaq Composite Index dropped 0.14%.\nSee related article:Binance concealed ‘extensive’ ties to China: Financial Times', 'Bitcoin climbed back above US$28,000 in Thursday morning trading in Asia in a broad based rally that lifted most other top 10 non-stablecoin cryptocurrencies and seemingly shrugged off concerns about regulators in the U.S. filing warnings and lawsuits against crypto exchanges. Bitcoin led the day\x92s gains while XRP led the winners for the week. U.S. equities rose on Wednesday as investors seemed to be moving on from concerns about the state of the banking system after a series of lender failures earlier this month. See related article: SEC charges Beaxy cryptocurrency platform for violating securities laws Fast facts Bitcoin led the gainers among the top 10 non-stablecoin cryptocurrencies, jumping 3.87% to US$28,345 in the 24 hours to 9:00 a.m. in Hong Kong, to post a weekly gain of 3.61%, according to CoinMarketCap data . The leading cryptocurrency has bounced back from a low of US$26,677 on Tuesday this week after the Commodity Futures Trading Commission\x92s (CFTC) filed a lawsuit against Binance for alleged violation of trading rules. Ethereum rose 0.65% to US$1,788, holding a weekly gain of 2.78%. The token briefly traded above the US$1,800 resistance level on Wednesday. The rally in cryptocurrencies comes amid rising tension between cryptocurrency platforms and U.S. regulators. Crypto asset trading platform Beaxy.com closed on Wednesday after the Securities and Exchange Commission (SEC) charged it for violating securities laws, making it at least the fourth crypto exchange to be targeted by a U.S. federal agency so far this year. The SEC has fined Kraken , issued a warning to Coinbase , while the CFTC filed a lawsuit against Binance . SEC Chair Gary Gensler is also requesting more resources to regulate the crypto market. However, the lawsuit issued by the CFTC against Binance indicates conflicts between the regulators themselves. The CFTC filing lists Bitcoin, Ether and Litecoin as commodities, contradicting the SEC\x92s previous stated view . XRP rose 3.42% to US$0.5387 for a gain of 27.64% over the past seven days, the biggest weekly gain among the top 10 non-stablecoin cryptos. The CFTC\x92s lawsuit against Binance might provide support for Ripple Labs in its court battle with the SEC, which has charged the company with selling an unregistered security in the form of XRP, according to CNBC on Thursday. In the non-fungible token (NFT) market, the Forkast 500 NFT index traded flat at 4,005.60 as of 09:30 a.m. in Hong Kong, edging up 0.01% in the past 24 hours, nearly 20% of sales were in newer collections from Yuga Labs\x92 HV-MTL and Nakamigos from HiFO Labs. , according to Forkast Labs data. The Forkast 500 index is down 2.78% for the week, after briefly falling below the 4,000 mark earlier on Thursday. The Forkast Labs index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company, CryptoSlam . U.S. equities closed higher on Wednesday. The Dow Jones Industrial Average rose 1.00%, the S&P 500 gained 1.42%, and the Nasdaq Composite Index moved up 1.79%. Equities rebounded as concern about weakness in the banking industry receded amid U.S. hearings on recent bank failures. Investors are waiting for more economic data this week, with Friday\x92s Personal Consumption Expenditures (PCE) index offering signals into the possible next interest rate moves by the Federal Reserve to curb inflation. U.S. stock futures edged down as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures moved 0.09% lower, S&P 500 futures dipped 0.07% and the Nasdaq Composite Index dropped 0.14%. See related article: Binance concealed \x91extensive\x92 ties to China: Financial Times', 'Bitcoin climbed back above US$28,000 in Thursday morning trading in Asia in a broad based rally that lifted most other top 10 non-stablecoin cryptocurrencies and seemingly shrugged off concerns about regulators in the U.S. filing warnings and lawsuits against crypto exchanges. Bitcoin led the day’s gains while XRP led the winners for the week. U.S. equities rose on Wednesday as investors seemed to be moving on from concerns about the state of the banking system after a series of lender failures earlier this month.\nSee related article:SEC charges Beaxy cryptocurrency platform for violating securities laws\n• Bitcoin led the gainers among the top 10 non-stablecoin cryptocurrencies, jumping 3.87% to US$28,345 in the 24 hours to 9:00 a.m. in Hong Kong, to post a weekly gain of 3.61%, according toCoinMarketCap data.\n• The leading cryptocurrency has bounced back from a low of US$26,677 on Tuesday this week after the Commodity Futures Trading Commission’s (CFTC) filed alawsuit against Binancefor alleged violation of trading rules.\n• Ethereum rose 0.65% to US$1,788, holding a weekly gain of 2.78%. The token briefly traded above the US$1,800 resistance level on Wednesday.\n• The rally in cryptocurrencies comes amid rising tension between cryptocurrency platforms and U.S. regulators. Crypto asset trading platformBeaxy.com closed on Wednesdayafter the Securities and Exchange Commission (SEC) charged it for violating securities laws, making it at least the fourth crypto exchange to be targeted by a U.S. federal agency so far this year. The SEC has finedKraken, issued a warning toCoinbase, while the CFTC filed a lawsuit againstBinance. SEC ChairGary Gensleris also requesting more resources to regulate the crypto market.\n• However, thelawsuitissued by the CFTC against Binance indicates conflicts between the regulators themselves. The CFTC filing lists Bitcoin, Ether and Litecoin as commodities, contradicting theSEC’s previous stated view.\n• XRP rose 3.42% to US$0.5387 for a gain of 27.64% over the past seven days, the biggest weekly gain among the top 10 non-stablecoin cryptos. The CFTC’s lawsuit against Binance might provide support for Ripple Labs in its court battle with the SEC, which has charged the company with selling an unregistered security in the form of XRP, according toCNBCon Thursday.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index traded flat at 4,005.60 as of 09:30 a.m. in Hong Kong, edging up 0.01% in the past 24 hours, nearly 20% of sales were in newer collections from Yuga Labs’ HV-MTL andNakamigos from HiFO Labs., according to Forkast Labs data.\n• The Forkast 500 index is down 2.78% for the week, after briefly falling below the 4,000 mark earlier on Thursday. The Forkast Labs index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast sister company,CryptoSlam.\n• U.S. equities closed higher on Wednesday. The Dow Jones Industrial Average rose 1.00%, the S&P 500 gained 1.42%, and the Nasdaq Composite Index moved up 1.79%. Equities rebounded as concern about weakness in the banking industry receded amid U.S.hearingson recent bank failures.\n• Investors are waiting for more economic data this week, with Friday’s Personal Consumption Expenditures (PCE) index offering signals into the possible next interest rate moves by the Federal Reserve to curb inflation.\n• U.S. stock futures edged down as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures moved 0.09% lower, S&P 500 futures dipped 0.07% and the Nasdaq Composite Index dropped 0.14%.\nSee related article:Binance concealed ‘extensive’ ties to China: Financial Times', 'Support of CIAN\'s infrastructure and dApp enables investors to participate in yield-bearing recursive vault strategies SINGAPORE , March 30, 2023 /PRNewswire/ -- CIAN, a leading DeFi yield automation and strategy platform, and Matrixport, one of the world\'s largest digital assets financial services ecosystem, have partnered to accelerate scalable and expandable institutional adoption of decentralized finance (DeFi). (PRNewsfoto/Matrixport) With the partnership, Matrixport will support CIAN\'s infrastructure and dApp, enabling institutional and accredited investors to seamlessly participate in CIAN\'s one-stop recursive strategy vault, which taps into top-tier lending protocols such as AAVE and Compound. Cynthia Wu , Chief Operating Officer and Founding Partner, Matrixport , said, "We are thrilled to welcome CIAN to our partner network. CIAN\'s cutting-edge and robust algorithmic products allow for frictionless access to innovative and secure yield strategies in the DeFi ecosystem. This is part of our ongoing commitment towards providing greater transparency and choices for our clients." Executed by smart contracts, CIAN offers tailored yield strategies and position management. Investors will have access to a fully decentralized architecture targeting optimal transaction routes for specified yield strategies while ensuring transparent fund operations and protection against liquidation risks. Luffy He, CEO and Founder of CIAN , said, "DeFi, albeit growing its own foundation and unique yield opportunities, has yet to find its way to the majority of crypto holders. It is our great honor to collaborate with Matrixport on exploring an efficient way of exposing high quality DeFi yield opportunities to crypto holders. CIAN should also benefit from an enhanced brand awareness from both Centralized Finance (CeFi) and DeFi population." About CIAN CIAN protocol is a liquid staking derivatives ("LSD") focused yield strategy platform, where users could earn either through joining algorithmic strategy vaults or through building their own DeFi strategies using CIAN\'s advanced automation tools. Story continues CIAN enables LSD holders to benefit from DeFi yield in addition to their staking yield. To the holders of other tokens (eg. BTC, stables etc.), CIAN makes high quality liquid staking yield accessible. Website | Whitepapers | Twitter | Discord | Telegram | YouTube About Matrixport Matrixport is one of the world\'s largest and most trusted digital assets financial services ecosystem. The company\'s services include prime brokerage, Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management. Matrixport serves individuals as well as over 800 institutions across Asia and Europe . For more information, please visit www.matrixport.com Cision View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/matrixport-partners-defi-yield-automation--strategy-platform-cian-protocol-to-enhance-institutional-defi-offerings-301785323.html SOURCE Matrixport', 'Support of CIAN\'s infrastructure and dApp enables investors to participate in yield-bearing recursive vault strategies SINGAPORE , March 30, 2023 /PRNewswire/ -- CIAN, a leading DeFi yield automation and strategy platform, and Matrixport, one of the world\'s largest digital assets financial services ecosystem, have partnered to accelerate scalable and expandable institutional adoption of decentralized finance (DeFi). (PRNewsfoto/Matrixport) With the partnership, Matrixport will support CIAN\'s infrastructure and dApp, enabling institutional and accredited investors to seamlessly participate in CIAN\'s one-stop recursive strategy vault, which taps into top-tier lending protocols such as AAVE and Compound. Cynthia Wu , Chief Operating Officer and Founding Partner, Matrixport , said, "We are thrilled to welcome CIAN to our partner network. CIAN\'s cutting-edge and robust algorithmic products allow for frictionless access to innovative and secure yield strategies in the DeFi ecosystem. This is part of our ongoing commitment towards providing greater transparency and choices for our clients." Executed by smart contracts, CIAN offers tailored yield strategies and position management. Investors will have access to a fully decentralized architecture targeting optimal transaction routes for specified yield strategies while ensuring transparent fund operations and protection against liquidation risks. Luffy He, CEO and Founder of CIAN , said, "DeFi, albeit growing its own foundation and unique yield opportunities, has yet to find its way to the majority of crypto holders. It is our great honor to collaborate with Matrixport on exploring an efficient way of exposing high quality DeFi yield opportunities to crypto holders. CIAN should also benefit from an enhanced brand awareness from both Centralized Finance (CeFi) and DeFi population." About CIAN CIAN protocol is a liquid staking derivatives ("LSD") focused yield strategy platform, where users could earn either through joining algorithmic strategy vaults or through building their own DeFi strategies using CIAN\'s advanced automation tools. Story continues CIAN enables LSD holders to benefit from DeFi yield in addition to their staking yield. To the holders of other tokens (eg. BTC, stables etc.), CIAN makes high quality liquid staking yield accessible. Website | Whitepapers | Twitter | Discord | Telegram | YouTube About Matrixport Matrixport is one of the world\'s largest and most trusted digital assets financial services ecosystem. The company\'s services include prime brokerage, Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management. Matrixport serves individuals as well as over 800 institutions across Asia and Europe . For more information, please visit www.matrixport.com Cision View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/matrixport-partners-defi-yield-automation--strategy-platform-cian-protocol-to-enhance-institutional-defi-offerings-301785323.html SOURCE Matrixport', 'FTSE: US Treasury Secretary Janet Yellen said that banking regulation needs to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures. Photo: Mary F Calvert/Reuters (Mary Calvert / reuters) The FTSE 100 and European stocks finished higher this Thursday as the City of London lost its sole position as the world\'s leading financial centre and worries over banks following the collapses of several lenders in recent weeks receded. The FTSE 100 ( ^FTSE ) rose 0.74% to close at 7,620 points, while the CAC 40 ( ^FCHI ) in Paris climbed 1.17% to 7,271 points. In Germany, the DAX ( ^GDAXI ) gained 1.31% to 15,529. London loses sole lead as world’s top financial centre London is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation\'s said this Thursday. London received an overall competitiveness score of 60, up from 59 in 2022, while New York increased its score by 2 points to equal London with 60 points. According to the updating ranking compiled by the body which governs the City, London – which had come top outright in the previous three years of the report – will have to do more over the next few years to reassert its position. Read more: Trending tickers: Apple | Microsoft | Ocado | Aviva | Next Chris Hayward, policy chair at the City of London Corporation, said London’s “competitive advantage is at risk”, adding: “A long-term plan to stimulate growth in the financial and professional services sector is needed.” US and Asia US stocks are rising again as a bit more fear evaporates from Wall Street. The Dow Jones ( ^DJI ) rose 0.26% to 32,802 points. The S&P 500 ( ^GSPC ) climbed 0.53% to 4,049 points and the tech-heavy NASDAQ ( ^IXIC ) gained 0.78% to 12,018. The US economy maintained its resilience from October to December despite rising interest rates, growing at a 2.6%c annual pace, the government said Thursday in a slight downgrade from its previous estimate. US applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation. Story continues "Market sentiment remains relatively positive, and investor confidence remains high despite the recent turmoil brought by the financial sector, as appetite for risk gets supported by the prospect of dovish pivots from central banks, providing a good excuse to push stock indices higher just before the end of the quarter," Pierre Veyret, a technical analyst at ActivTrades, said. Jobless claims in the US for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor Department said. The figures came as US Treasury Secretary Janet Yellen said that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures. In Asia, Tokyo’s Nikkei 225 ( ^N225 ) lost 0.36% to 27,782 points, while the Hang Seng ( ^HSI ) in Hong Kong rose 0.32% to 19,921. The Shanghai Composite ( 000001.SS ) also gained ground, rising 0.65% to 3,261 points. FTSE 100 Back in London, SSE ( SSE.L ) has hiked its profit forecasts yet again. Shares in the electricity generator are among the top rises in early trading, up 4.26%. SSE now expects to make 160 pence per share in the 2022-23 financial year, up from previous guidance of more than 150 pence/share. It credits the upgrade to a “continued strong performance” from its flexible generation plant as it supported the security of UK energy supplies. UK households are facing a one in generation cost of living crisis driven mostly by higher energy bills. Read more: Crypto: Bitcoin, ethereum price | US charges FTX\'s Bankman-Fried with bribery Elsewhere, H&M ( HM-B.ST ), the world\'s second-biggest fashion retailer, has revealed a surprise operating profit for the December-February period. Economists had expected the company to announce losses of around 1bn Swedish krona (£80m). It instead announced an operating profit of 725m krona (£56m) despite weak demand as consumers curtailed spending amid soaring inflation. Another day without any unwelcome banking surprises has cheered investors, said Richard Hunter, head of markets at Interactive Investor: "Technology shares were a particular area of buying interest and have seen gains in anticipation of hopes that the interest rate hiking cycle may be nearing its end. In addition, chipmaker Micron saw its shares rise by over 7% after stating that inventory issues were now improving. "The rosy outlook statement added fuel to the fire of optimists, who read the news as being indicative that the overall economy was holding up, given that the company’s chips are used in a wide variety of industries. In terms of the main indices, the Nasdaq has been the stand-out performer and currently stands ahead by 14% in the year to date. "Elsewhere, remarks to Congress by the US bank regulator appeared to lay the blame for the Silicon Valley Bank collapse at the door of the banking supervisors and their failure to spot the stresses, as opposed to a more systemic weakness within the system. While sentiment currently remains on something of a knife-edge, no news will continue to be good news in terms of any further banking shocks. The so-called fear gauge, or volatility index, also returned to early March levels as a further indication of investor relief that the worst may have passed." Pound vs dollar The pound ( GBPUSD=X ) held steady and is heading for its biggest monthly gain against the dollar since November. Sterling has risen by 0.5% against the dollar and remains well above $1.23. The pound is heading for its largest monthly gain since a 5.2% rally in November. The opposite was happening against the euro, with sterling ( GBPEUR=X ) hovering around €1.13. Oil markets Meanwhile, Brent crude ( BZ=F ) gained ground and was trading at around $79/barrel, amid higher demand for crude in the US. Fear of supply disruptions continues to dominate the global oil market, pushing prices higher. Watch: Takeaways From Two Days of Bank Failure Hearings Download the Yahoo Finance app, available for Apple and Android .', 'The FTSE 100 and European stocks finished higher this Thursday as the City of London lost its sole position as the world\'s leading financial centre and worries over banks following the collapses of several lenders in recent weeks receded.\nThe FTSE 100 (^FTSE) rose 0.74% to close at 7,620 points, while the CAC 40 (^FCHI) in Paris climbed 1.17% to 7,271 points. In Germany, the DAX (^GDAXI) gained 1.31% to 15,529.\nLondon is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation\'s said this Thursday.\nLondon received an overall competitiveness score of 60, up from 59 in 2022, while New York increased its score by 2 points to equal London with 60 points.\nAccording to the updating ranking compiled by the body which governs the City, London – which had come top outright in the previous three years of the report – will have to do more over the next few years to reassert its position.\nRead more:Trending tickers: Apple | Microsoft | Ocado | Aviva | Next\nChris Hayward, policy chair at the City of London Corporation, said London’s “competitive advantage is at risk”, adding: “A long-term plan to stimulate growth in the financial and professional services sector is needed.”\nUS stocks are rising again as a bit more fear evaporates from Wall Street. The Dow Jones (^DJI) rose 0.26% to 32,802 points. The S&P 500 (^GSPC) climbed 0.53% to 4,049 points and the tech-heavy NASDAQ (^IXIC) gained 0.78% to 12,018.\nThe US economy maintained its resilience from October to December despite rising interest rates, growing at a 2.6%c annual pace, the government said Thursday in a slight downgrade from its previous estimate.\nUS applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation.\n"Market sentiment remains relatively positive, and investor confidence remains high despite the recent turmoil brought by the financial sector, as appetite for risk gets supported by the prospect of dovish pivots from central banks, providing a good excuse to push stock indices higher just before the end of the quarter," Pierre Veyret, a technical analyst at ActivTrades, said.\nJobless claims in the US for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor Department said.\nThe figures came as US Treasury Secretary Janet Yellen said that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures.\nIn Asia, Tokyo’s Nikkei 225 (^N225) lost 0.36% to 27,782 points, while the Hang Seng (^HSI) in Hong Kong rose 0.32% to 19,921. The Shanghai Composite (000001.SS) also gained ground, rising 0.65% to 3,261 points.\nBack in London, SSE (SSE.L) has hiked its profit forecasts yet again. Shares in the electricity generator are among the top rises in early trading, up 4.26%.\nSSE now expects to make 160 pence per share in the 2022-23 financial year, up from previous guidance of more than 150 pence/share.\nIt credits the upgrade to a “continued strong performance” from its flexible generation plant as it supported the security of UK energy supplies. UK households are facing a one in generation cost of living crisis driven mostly by higher energy bills.\nRead more:Crypto: Bitcoin, ethereum price | US charges FTX\'s Bankman-Fried with bribery\nElsewhere, H&M (HM-B.ST), the world\'s second-biggest fashion retailer, has revealed a surprise operating profit for the December-February period.\nEconomists had expected the company to announce losses of around 1bn Swedish krona (£80m). It instead announced an operating profit of 725m krona (£56m) despite weak demand as consumers curtailed spending amid soaring inflation.\nAnother day without any unwelcome banking surprises has cheered investors, said Richard Hunter, head of markets at Interactive Investor: "Technology shares were a particular area of buying interest and have seen gains in anticipation of hopes that the interest rate hiking cycle may be nearing its end. In addition, chipmaker Micron saw its shares rise by over 7% after stating that inventory issues were now improving.\n"The rosy outlook statement added fuel to the fire of optimists, who read the news as being indicative that the overall economy was holding up, given that the company’s chips are used in a wide variety of industries. In terms of the main indices, the Nasdaq has been the stand-out performer and currently stands ahead by 14% in the year to date.\n"Elsewhere, remarks to Congress by the US bank regulator appeared to lay the blame for the Silicon Valley Bank collapse at the door of the banking supervisors and their failure to spot the stresses, as opposed to a more systemic weakness within the system. While sentiment currently remains on something of a knife-edge, no news will continue to be good news in terms of any further banking shocks. The so-called fear gauge, or volatility index, also returned to early March levels as a further indication of investor relief that the worst may have passed."\nThe pound (GBPUSD=X) held steady and is heading for its biggest monthly gain against the dollar since November.\nSterling has risen by 0.5% against the dollar and remains well above $1.23. The pound is heading for its largest monthly gain since a 5.2% rally in November.\nThe opposite was happening against the euro, with sterling (GBPEUR=X) hovering around €1.13.\nMeanwhile, Brent crude (BZ=F) gained ground and was trading at around $79/barrel, amid higher demand for crude in the US.\nFear of supply disruptions continues to dominate the global oil market, pushing prices higher.\nWatch: Takeaways From Two Days of Bank Failure Hearings\nDownload the Yahoo Finance app, available forAppleandAndroid.', 'The FTSE 100 and European stocks finished higher this Thursday as the City of London lost its sole position as the world\'s leading financial centre and worries over banks following the collapses of several lenders in recent weeks receded.\nThe FTSE 100 (^FTSE) rose 0.74% to close at 7,620 points, while the CAC 40 (^FCHI) in Paris climbed 1.17% to 7,271 points. In Germany, the DAX (^GDAXI) gained 1.31% to 15,529.\nLondon is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation\'s said this Thursday.\nLondon received an overall competitiveness score of 60, up from 59 in 2022, while New York increased its score by 2 points to equal London with 60 points.\nAccording to the updating ranking compiled by the body which governs the City, London – which had come top outright in the previous three years of the report – will have to do more over the next few years to reassert its position.\nRead more:Trending tickers: Apple | Microsoft | Ocado | Aviva | Next\nChris Hayward, policy chair at the City of London Corporation, said London’s “competitive advantage is at risk”, adding: “A long-term plan to stimulate growth in the financial and professional services sector is needed.”\nUS stocks are rising again as a bit more fear evaporates from Wall Street. The Dow Jones (^DJI) rose 0.26% to 32,802 points. The S&P 500 (^GSPC) climbed 0.53% to 4,049 points and the tech-heavy NASDAQ (^IXIC) gained 0.78% to 12,018.\nThe US economy maintained its resilience from October to December despite rising interest rates, growing at a 2.6%c annual pace, the government said Thursday in a slight downgrade from its previous estimate.\nUS applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation.\n"Market sentiment remains relatively positive, and investor confidence remains high despite the recent turmoil brought by the financial sector, as appetite for risk gets supported by the prospect of dovish pivots from central banks, providing a good excuse to push stock indices higher just before the end of the quarter," Pierre Veyret, a technical analyst at ActivTrades, said.\nJobless claims in the US for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor Department said.\nThe figures came as US Treasury Secretary Janet Yellen said that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures.\nIn Asia, Tokyo’s Nikkei 225 (^N225) lost 0.36% to 27,782 points, while the Hang Seng (^HSI) in Hong Kong rose 0.32% to 19,921. The Shanghai Composite (000001.SS) also gained ground, rising 0.65% to 3,261 points.\nBack in London, SSE (SSE.L) has hiked its profit forecasts yet again. Shares in the electricity generator are among the top rises in early trading, up 4.26%.\nSSE now expects to make 160 pence per share in the 2022-23 financial year, up from previous guidance of more than 150 pence/share.\nIt credits the upgrade to a “continued strong performance” from its flexible generation plant as it supported the security of UK energy supplies. UK households are facing a one in generation cost of living crisis driven mostly by higher energy bills.\nRead more:Crypto: Bitcoin, ethereum price | US charges FTX\'s Bankman-Fried with bribery\nElsewhere, H&M (HM-B.ST), the world\'s second-biggest fashion retailer, has revealed a surprise operating profit for the December-February period.\nEconomists had expected the company to announce losses of around 1bn Swedish krona (£80m). It instead announced an operating profit of 725m krona (£56m) despite weak demand as consumers curtailed spending amid soaring inflation.\nAnother day without any unwelcome banking surprises has cheered investors, said Richard Hunter, head of markets at Interactive Investor: "Technology shares were a particular area of buying interest and have seen gains in anticipation of hopes that the interest rate hiking cycle may be nearing its end. In addition, chipmaker Micron saw its shares rise by over 7% after stating that inventory issues were now improving.\n"The rosy outlook statement added fuel to the fire of optimists, who read the news as being indicative that the overall economy was holding up, given that the company’s chips are used in a wide variety of industries. In terms of the main indices, the Nasdaq has been the stand-out performer and currently stands ahead by 14% in the year to date.\n"Elsewhere, remarks to Congress by the US bank regulator appeared to lay the blame for the Silicon Valley Bank collapse at the door of the banking supervisors and their failure to spot the stresses, as opposed to a more systemic weakness within the system. While sentiment currently remains on something of a knife-edge, no news will continue to be good news in terms of any further banking shocks. The so-called fear gauge, or volatility index, also returned to early March levels as a further indication of investor relief that the worst may have passed."\nThe pound (GBPUSD=X) held steady and is heading for its biggest monthly gain against the dollar since November.\nSterling has risen by 0.5% against the dollar and remains well above $1.23. The pound is heading for its largest monthly gain since a 5.2% rally in November.\nThe opposite was happening against the euro, with sterling (GBPEUR=X) hovering around €1.13.\nMeanwhile, Brent crude (BZ=F) gained ground and was trading at around $79/barrel, amid higher demand for crude in the US.\nFear of supply disruptions continues to dominate the global oil market, pushing prices higher.\nWatch: Takeaways From Two Days of Bank Failure Hearings\nDownload the Yahoo Finance app, available forAppleandAndroid.', 'FTSE: US Treasury Secretary Janet Yellen said that banking regulation needs to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures. Photo: Mary F Calvert/Reuters (Mary Calvert / reuters) The FTSE 100 and European stocks finished higher this Thursday as the City of London lost its sole position as the world\'s leading financial centre and worries over banks following the collapses of several lenders in recent weeks receded. The FTSE 100 ( ^FTSE ) rose 0.74% to close at 7,620 points, while the CAC 40 ( ^FCHI ) in Paris climbed 1.17% to 7,271 points. In Germany, the DAX ( ^GDAXI ) gained 1.31% to 15,529. London loses sole lead as world\x92s top financial centre London is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation\'s said this Thursday. London received an overall competitiveness score of 60, up from 59 in 2022, while New York increased its score by 2 points to equal London with 60 points. According to the updating ranking compiled by the body which governs the City, London \x96 which had come top outright in the previous three years of the report \x96 will have to do more over the next few years to reassert its position. Read more: Trending tickers: Apple | Microsoft | Ocado | Aviva | Next Chris Hayward, policy chair at the City of London Corporation, said London\x92s \x93competitive advantage is at risk\x94, adding: \x93A long-term plan to stimulate growth in the financial and professional services sector is needed.\x94 US and Asia US stocks are rising again as a bit more fear evaporates from Wall Street. The Dow Jones ( ^DJI ) rose 0.26% to 32,802 points. The S&P 500 ( ^GSPC ) climbed 0.53% to 4,049 points and the tech-heavy NASDAQ ( ^IXIC ) gained 0.78% to 12,018. The US economy maintained its resilience from October to December despite rising interest rates, growing at a 2.6%c annual pace, the government said Thursday in a slight downgrade from its previous estimate. US applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation. Story continues "Market sentiment remains relatively positive, and investor confidence remains high despite the recent turmoil brought by the financial sector, as appetite for risk gets supported by the prospect of dovish pivots from central banks, providing a good excuse to push stock indices higher just before the end of the quarter," Pierre Veyret, a technical analyst at ActivTrades, said. Jobless claims in the US for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor Department said. The figures came as US Treasury Secretary Janet Yellen said that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank and Signature Bank failures. In Asia, Tokyo\x92s Nikkei 225 ( ^N225 ) lost 0.36% to 27,782 points, while the Hang Seng ( ^HSI ) in Hong Kong rose 0.32% to 19,921. The Shanghai Composite ( 000001.SS ) also gained ground, rising 0.65% to 3,261 points. FTSE 100 Back in London, SSE ( SSE.L ) has hiked its profit forecasts yet again. Shares in the electricity generator are among the top rises in early trading, up 4.26%. SSE now expects to make 160 pence per share in the 2022-23 financial year, up from previous guidance of more than 150 pence/share. It credits the upgrade to a \x93continued strong performance\x94 from its flexible generation plant as it supported the security of UK energy supplies. UK households are facing a one in generation cost of living crisis driven mostly by higher energy bills. Read more: Crypto: Bitcoin, ethereum price | US charges FTX\'s Bankman-Fried with bribery Elsewhere, H&M ( HM-B.ST ), the world\'s second-biggest fashion retailer, has revealed a surprise operating profit for the December-February period. Economists had expected the company to announce losses of around 1bn Swedish krona (£80m). It instead announced an operating profit of 725m krona (£56m) despite weak demand as consumers curtailed spending amid soaring inflation. Another day without any unwelcome banking surprises has cheered investors, said Richard Hunter, head of markets at Interactive Investor: "Technology shares were a particular area of buying interest and have seen gains in anticipation of hopes that the interest rate hiking cycle may be nearing its end. In addition, chipmaker Micron saw its shares rise by over 7% after stating that inventory issues were now improving. "The rosy outlook statement added fuel to the fire of optimists, who read the news as being indicative that the overall economy was holding up, given that the company\x92s chips are used in a wide variety of industries. In terms of the main indices, the Nasdaq has been the stand-out performer and currently stands ahead by 14% in the year to date. "Elsewhere, remarks to Congress by the US bank regulator appeared to lay the blame for the Silicon Valley Bank collapse at the door of the banking supervisors and their failure to spot the stresses, as opposed to a more systemic weakness within the system. While sentiment currently remains on something of a knife-edge, no news will continue to be good news in terms of any further banking shocks. The so-called fear gauge, or volatility index, also returned to early March levels as a further indication of investor relief that the worst may have passed." Pound vs dollar The pound ( GBPUSD=X ) held steady and is heading for its biggest monthly gain against the dollar since November. Sterling has risen by 0.5% against the dollar and remains well above $1.23. The pound is heading for its largest monthly gain since a 5.2% rally in November. The opposite was happening against the euro, with sterling ( GBPEUR=X ) hovering around \x801.13. Oil markets Meanwhile, Brent crude ( BZ=F ) gained ground and was trading at around $79/barrel, amid higher demand for crude in the US. Fear of supply disruptions continues to dominate the global oil market, pushing prices higher. Watch: Takeaways From Two Days of Bank Failure Hearings Downl
**Last 60 Days of Bitcoin's Closing Prices:**
[23774.57, 22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-30
**Financial & Commodity Data:**
- Gold Closing Price: $1980.30
- Crude Oil Closing Price: $74.37
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $553,135,052,300
- Hash Rate: 360932699.0829224
- Transaction Count: 326347.0
- Unique Addresses: 727172.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: UK banks are getting tougher on customers using crypto. In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit cards from making crypto purchases. These two banks aren’t the only ones: a number of banks over the past year have got tougher. Some took a tougher stance following the collapse of mega digital asset exchange FTX back in November. According to most U.K. high-street banks with limits, the crackdown is to protect investors from cryptocurrency fraud. “We want to do everything we can to protect our customers and we feel that limiting payments to cryptocurrency exchanges is the best way to make sure your money stays safe,” Santander says . So what are the current rules? Here is the low-down on which banks are crypto-friendly for the retail investor. Nationwide Been offered a cryptocurrency investment opportunity? If someone offers you a low risk, high reward crypto investment, be cautious. This could be a scam. Many cryptocurrency investments aren’t regulated, so you’re unlikely to get your money back if something goes wrong. pic.twitter.com/bgb3PLbAHT — Nationwide Building Society (@AskNationwide) October 15, 2021 Major high-street bank Nationwide this week said it was setting up new restrictions to “help protect you and to try and keep your money safe.” Customers can no longer buy crypto with credit cards and with debit cards, and there are daily limits of £5,000 ($5,965). HSBC HSBC this week also imposed tougher rules. Now, customers cannot buy any digital assets from exchanges using credit cards. Those who bank with HSBC can buy crypto with a debit card through certain U.K.-regulated platforms—but not exchanges like Coinbase. The banking giant has said it has no interest in Bitcoin and has banned customers from buying stocks of companies with Bitcoin exposure. Story continues Lloyds Lloyds allows its clients to buy crypto via U.K.-regulated platforms and make withdrawals from exchanges such as Coinbase—but only using debit cards. It was one of the first banks in the U.K. to stop its clients from buying crypto with credit cards back in 2018. NatWest NatWest Group CEO Alison Rose last month said that the bank had “taken a pretty hard line as a bank on crypto.” And in 2021, the bank barred corporate customers who deal in cryptocurrencies. That means companies like crypto exchanges with a base in the U.K. cannot hold accounts at NatWest. The FCA Has 5 Entirely Reasonable Concerns About Cryptocurrency But right now, according to the bank, that “doesn't mean that we block cryptocurrency payments altogether but we will restrict payments to cryptocurrency exchanges that present the highest risk of financial harm.” You can use a NatWest account to buy digital assets from exchanges such as Coinbase. Amounts are limited, according to the bank, though NatWest has not revealed exactly by how much. Barclays Barclays bank does not allow customers to buy or sell crypto through its online banking platform. Would-be investors can buy crypto via a regulated, FCA-approved broker, though. Barclays was one of the U.K. banks that stopped customers making payments to crypto exchange Binance in 2021 after the British regulatory body FCA issued a warning over exchange. Santander High-street bank Santander announced last year that it would be limiting U.K. customers from making large crypto transactions. As it stands, those who bank with Santander can make single transactions of £1,000, with a total limit of £3,000 in any rolling 30-day period. A crypto trader who banks with Santander told Decrypt that his account was closed without warning after making withdrawals from Coinbase. Wise Formerly known as TransferWise, Wise does not deal in cryptocurrencies at all. And you can’t use an account to buy digital assets from an exchange. But Wise customers can receive money to their account from a platform that deals with crypto if it is regulated in the EU or UK. Monzo You can buy cryptocurrency on big, established exchanges such as Coinbase (but not Binance) with popular challenger bank Monzo, but it “may block a small number of transactions based on risk.” The bank does not say how big or small these transactions are. Starling Challenger bank Starling is one of the strictest: it has banned customers from all crypto-related payments. “We consider crypto activity to be high risk,” the bank said in November. Starling clients told Decrypt that the move was sudden. Hi there 👋 We always review our position in relation to financial crime. We consider crypto activity to be high risk. We’ve taken the decision to prevent all card payments to crypto merchants and to implement further restrictions on outgoing and incoming transfers. — Starling Bank (@StarlingBank) November 22, 2022 Revolut This challenger bank is the most crypto-friendly of them all: users can buy, sell, and store a number of digital assets via the mobile banking app. And just last month, the bank launched a staking service for Ethereum, Cardano, Polkadot, and Tezos....
- Reddit Posts (Sample): [['u/SkyFlyBye', 'McMoney - get paid to receive text messages - passive income', 13, '2023-03-30 00:12', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/', "McMoney pay you to receive text messages. They make their money by testing cellular networks and see if text messages are delivered correctly by sending out test text messages. You don't need to open or click anything in the text message.\n\nThis is a passive income where after the installation process, you leave until cash out. You can delete the text messages you receive as it's mostly gibberish. McMoney is only available on Android. It's not available in iOS.\n\n**McMoney**\n\nMcMoney pays you $0.051 per text received on Android phone and they have a $5.00 cash out. You can cash out on Paypal or Bitcoin. I get a text about once every 3 days. You can use multiple phone numbers and cash out to the same Paypal.\n\nYou can unlock bonus money if you use my referral code and reach the minimum text received.\n\nRef code: K3MHXXX2\n\nDownload the app from their website here: [https://mcmoneyapp.com/](https://mcmoneyapp.com/)", 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/', '1262gg0', [['u/Fabulous_Can6778', 29, '2023-03-30 00:25', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je78ckk/', 'at 5 pence every three days it seems awful….', '1262gg0'], ['u/No-Mathematician1431', 10, '2023-03-30 00:54', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je7c85r/', 'Well it would seem roughly a year from the OP! Kinda sounds garbage to me but each to their own....', '1262gg0'], ['u/troymisti1', 16, '2023-03-30 09:05', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je8v24d/', 'Meanwhile most people would pay 5$ a year to not get random texts', '1262gg0'], ['u/adeskto_organise', 12, '2023-03-30 14:54', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je9ni6m/', 'Yeah and sell off my number to whichever dodgy company offers them a good price how generous!', '1262gg0']]], ['u/RainGdX', 'Baba options expiring this week', 13, '2023-03-30 01:23', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/', 'I have Baba stock with an average cost basis of 110. I have been doing covered calls at lower strike price for the past 2 months and making some profit. Last week I sold 85 strike cc expiring 3/31 but didn’t expect it to cross 100 this week.\nWhat are my options ? BTC or roll or get assigned?', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/', '1264bn3', [['u/MrZwink', 15, '2023-03-30 01:43', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/je7iqw7/', 'Yup those are it, btc, roll or assignment.', '1264bn3'], ['u/SunGlobes', 10, '2023-03-30 03:29', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/je7wy0y/', "Why not let the CC's get assigned, collect $8500/contract and use that money to sell CSP's at the 85 strike price. By doing this you can collect premium while you're waiting to regain your shares (hopefully) at the called away price of $85/share....wash/rinse/repeat.", '1264bn3']]], ['u/unitys2011', 'The Bitcoin Logo being projected onto the European Central Bank in Frankfurt, Germany', 826, '2023-03-30 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/', "As the title says - the Bitcoin logo being projected onto the European Central Bank in Frankfurt, Germany with the message ''study Bitcoin''.\n\n[Bitcoin logo projected onto the ECB in Frankfurt](https://preview.redd.it/2u1qrop5guqa1.jpg?width=675&format=pjpg&auto=webp&v=enabled&s=15fed3833329c71a623b2bce9f5009f860fa92ea)\n\nNow guess who it was? You're right, it was Bitman!\n\nSource: https://twitter.com/Bitman\\_bob/status/1641184791310618627?s=20\n\n[Bitman strikes again!](https://preview.redd.it/17atgm3wfuqa1.jpg?width=675&format=pjpg&auto=webp&v=enabled&s=b17245319ae10a829cc0d62a4b4ceaabe3946d50)\n\nSource: [https://twitter.com/Bitman\\_bob/status/1641148676180410379?s=20](https://twitter.com/Bitman_bob/status/1641148676180410379?s=20)\n\nIt seems this is a targeted awareness campaign since he used the hashtag ''gesundesgeld'' which means translated that he wants to draw attention to healthy money (Bitcoin).\n\nThis is not the first time, in fact he goes around Europe with his projector to draw attetion to Bitcoin.\n\nKudos to Bitman Bob and his friends, not all Heroes wear capes!\n\nYou can find the video here: [https://twitter.com/artsince2010/status/1641224329655463938?s=20](https://twitter.com/artsince2010/status/1641224329655463938?s=20)", 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/', '1265r97', [['u/crypt_keeping', 11, '2023-03-30 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7o08h/', 'I wouldn’t be surprised if that guy gets sued', '1265r97'], ['u/token-eater', 78, '2023-03-30 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7ocxm/', 'I had to double-take for a comedy flare LOL', '1265r97'], ['u/juanadov', 15, '2023-03-30 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7od72/', 'I’m calling bitcoin “healthy money” from now on.', '1265r97'], ['u/jordbrouss1095', 15, '2023-03-30 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7qhsm/', 'This guy is the hero we deserve.\nSmart. Move', '1265r97'], ['u/EchoCollection', 20, '2023-03-30 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7temv/', 'This is the type of real world guerilla marketing I can get behind!', '1265r97'], ['u/homrqt', 12, '2023-03-30 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7ux0r/', 'Yes, finally some form of real world activism that is worth getting involved.', '1265r97'], ['u/Dubznation300', 12, '2023-03-30 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7uxe9/', 'We need a Bitman Anime Series\n\nPlot: fighting fraudulent crimes, cyber attacks and defending crypto against politicians, SEC, and the government\n\n**Starring** Bitman\r \nWife Ethereum\r \nSide chick Litecoin \r \nFriends: XRP, Cardano, BNB\r\n\nPets: Dogecoin & Shiba Inu\n\nHuman friends: Michael Saylor, Brian Armstrong \n\nEmployer & Mentor: Satoshi monitors Bitman’s activities and provides the instructions. \n\n**Sub plot** Bitman was created in a lab by Satoshi, and finds out Satoshi is his father \n\n\n\r**Villains** \r \nFinal bosses: Do Kwon, SBF\r \nLower level bosses: Su Zu, Kyle Davies, Mashinsky, Justin Sun\n\nSEC boss: Gary Gensler\n\nGovernment figures: Jerome Powell \n\nOn going list so feel free to provide input. Any suggestions would be great. Can be updated. Thanks', '1265r97'], ['u/escargotmycargobigE', 14, '2023-03-30 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je8abe3/', 'This is one of the most badass things I’ve seen today', '1265r97']]], ['u/TheAmazingStorm', 'A question about Skirmish and Living Legend Points', 10, '2023-03-30 02:43', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/', 'Hey, so at the [official site](https://fabtcg.com/resources/rules-and-policy-center/living-legend/) we have the information that skirmish events awards 2 living legend points to the winner hero. But this seems odd, does this means that every skirmish event running worldwide will award 2 points?', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/', '1266afk', [['u/lockespaine', 11, '2023-03-30 02:53', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/je7s3f5/', 'Each individual skirmish will give 2 LL points to the winning hero.', '1266afk']]], ['u/Which-Ad-9338', 'My Beginner Mistakes', 108, '2023-03-30 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/', 'When I entered the crypto space, I made a series of stupid mistakes that I’d like to share so that others can avoid doing the same. If you have experience in the market, a lot of this may be boring or repetitive, but please add any beginner misconceptions that you held in the comments if you have the time.\n\n1) **I had no understanding of market cap.** I bought ADA at $.70 expecting it to 1000x because I thought it was “cheap.” Ouch. To make a rational exit plan based on realistic prices, you need to understand market capitalization, or the total value of a cryptocurrency. The formula for calculating crypto market cap is: Market Cap = Current Price x Circulating Supply. Bitcoin and ETH will probably always have the highest market caps for the time being. The lower the market cap, the more room for growth BUT there’s much more risk. Low cap coins are basically gambling.\n\n2) **I didn’t understand crypto market cycles.** I approached the market with the mindset of traditional stocks: the longer you hold, the more money you make over time. Outside of BTC and ETH, this is NOT true in crypto. This sector is full of coins that fall into obsolescence after a glorious run. It is important to both buy and sell altcoins within the 3-4 year market cycle. I also didn’t understand the BTC halving cycle, and how price action for altcoins are tied to BTC’s price movement. The BTC halving cycle is a recurring event that occurs approximately every four years, which reduces the block rewards miners receive for processing transactions by half, resulting in a decreasing supply of newly minted bitcoins over time. The theory is that prices pump due to increasing demand and decreasing supply.\n\n3) **I listened to influencers and echo chambers without an exit strategy of my own.** I didn’t sell anywhere near the top because I was waiting for price predictions to come true. I also listened to the diamonhand HODL rhetoric, believing that the market only goes up. Do not overdose on the hopium. Create your exit plan now, while the market is boring and crabbing. \n\n4) **I did not consider the advice of my partner.** I was told to sell very close to the ATH after a conversation about investing, but I still held as the market crashed. Now I’m the reason why my wife doesn’t like crypto. If you are in a serious relationship, remember to be transparent about your finances. \n\n5) **I didn’t understand the main use case of crypto.** There are bullshitty projects that bank on buzzwords to take your money. The main use case, from my understanding, is deconcentrating power within traditional financial infrastructures and empowering regular people with tools to make their own independent banking decisions. Projects that fall outside of this motive can still make you good money, but most of them are likely to be gimmicks.\n\n6) **I kept all of my money on exchanges.** Nothing bad happened (thank God), but I wasn’t using crypto how it was meant to be used. Centralized exchanges like Binance or Coinbase are just more concentrated middlemen that use your money to make themselves money. Take your coins off of the exchanges and stake them yourself. You have the privilege of learning from the mistakes of many many people who have done this before you. You could seriously lose all of your holdings. Not your keys not your crypto.\n\nThose are the major mistakes that I’m comfortable sharing. Please feel free to share your mistakes so that these new comers don’t become exit liquidity!', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/', '126acbp', [['u/TheKyleShow', 64, '2023-03-30 05:53', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/je8ec68/', 'My beginner mistake was going into everything and anything other than BTC. \n\nDamn I was dumb.', '126acbp'], ['u/baeiby', 10, '2023-03-30 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/je8gcub/', 'I hopped on the hype train and bought a lot of Doge near ATH. Still hurts.', '126acbp'], ['u/Bringerofsalvation', 10, '2023-03-30 06:33', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/je8iekv/', 'There’s a saying that everyone becomes a BTC Maxi after some time in the crypto space. I can’t say that’s wrong now lol.', '126acbp'], ['u/the_far_yard', 14, '2023-03-30 06:44', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/je8jhg0/', "This is why I don't blame anyone who owns coins which might be questionable at first- because usually the entry point these days are through alts. Eventually, everyone goes back to BTC.", '126acbp'], ['u/imbarrydylan', 11, '2023-03-30 07:39', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/je8obuw/', 'Yeah how could I even make money when BTC was already at $8,000??\n\nBetter buy a unknown shitcoin sub < $1! Much more room for gains\n\nThat did not age good', '126acbp']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, March 30, 2023', 36, '2023-03-30 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/', '126awhe', [['u/BatteredLittleFish', 13, '2023-03-30 06:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8gfm4/', "Some manipulation to make the bears think that was a scam wick and open shorts. We are well past that phase in the cycle now and it's also the beginning of the end of USD as world reserve currency. Wake up bears.", '126awhe'], ['u/Shibenaut', 18, '2023-03-30 06:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8h33q/', 'Warren Buffett\'s same ol\' dinosaur take on Bitcoin over on WSB..\n\nSurprised to see a higher ratio of commenters there are now notably more aware of fiat\'s drawbacks, and are dare I say, defending BTC with actual facts.\n\nEven a year prior, it would be 99% "get that crypto ponzi crap out of here"', '126awhe'], ['u/DarthVarn', 10, '2023-03-30 06:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8h5gv/', "Hello 29,125k my old friend, long time no see. \n\nOh, you've gone again, that was a quick visit, hope to see you again soon..", '126awhe'], ['u/DEEPFIELDSTAR', 29, '2023-03-30 06:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8h74g/', 'With this kind of liquidity and nonsense leverage these wicks are garbage and can safely be discarded. Focus on daily/weekly closes. All that matters here. Don’t worry if we Bart up and down in less than an hour. This has been the type of price action over the last several weeks. Focus on trends and how much father away we get from that ugly Nov. 21 downtrend with each passing day. Don’t let anyone fool you into thinking it doesn’t matter - it’s probably the only bit of TA right now that does matter. \n\nAlso the dollar looks like it might be toast.\n\nGoodmorning.', '126awhe'], ['u/DEEPFIELDSTAR', 13, '2023-03-30 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8hx7q/', 'Just popped in there to see the thread because of your comment. \n\nNever again. They’re as braindead as r/Buttcoin. I feel unclean just from reading that low IQ drivel.', '126awhe'], ['u/ChadRun04', 14, '2023-03-30 06:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8ig1q/', 'WSB exists to separate plebs from their money via memes.', '126awhe'], ['u/jarederaj', 11, '2023-03-30 06:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8ipv9/', 'If 30k isn’t substantial resistance than it will not be substantial support.', '126awhe'], ['u/thearmthearm', 14, '2023-03-30 06:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8jw49/', 'The truth always comes out after a few replies. It\'s always a variation on "enjoy your 0.002467 bitcoin". They can\'t stand the fact that some people have a shitload of bitcoin and have blown them out of the water with their percentage gains while they\'ve been slagging it off for years, waiting for a permanent crash which never arrives. Seething and coping.', '126awhe'], ['u/xtal_00', 16, '2023-03-30 07:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8ldid/', "Miami has some fine gentleman's entertainment.\n\nStopped out at 29000 on my long. (profit)\n\nReentry maybe around 28300 again.. wait and see where we bottom.\n\nThis wants to go higher.", '126awhe'], ['u/sl_crypto', 11, '2023-03-30 07:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8lol4/', '28640 Short 10x. taking a stab here.', '126awhe'], ['u/Essexal', 10, '2023-03-30 07:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8nydv/', 'Still short. Still not anywhere near over 30.\n\nEuphoria levels climbing…', '126awhe'], ['u/Euphoricsoul', 10, '2023-03-30 07:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8q01d/', '"This kills the Bear."', '126awhe'], ['u/matteroll', 11, '2023-03-30 09:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8vtwf/', "With declining daily volume and a daily RSI bear div, I'm not sure if we will have a big pump in the short term. Might be a good opportunity for a short scalp. I'd say first level support would be about 26.6K, second level would be 24.2K, third would be 21.2K. Support levels are based on the weekly. Of course the opposite can happen and it rips up but I'm heavily leaning towards short as we might be seeing buyer exhaustion after the recent pumps.", '126awhe'], ['u/hxc_', 15, '2023-03-30 09:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8xje3/', "We've barely been above 28.5 for more than a couple of hours in total", '126awhe'], ['u/Shootinsomebball', 11, '2023-03-30 09:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je8xtlt/', 'This PA tells me retail are still using high leverage to breakout trade. Need to liquidate those top longers always', '126awhe'], ['u/52576078', 13, '2023-03-30 13:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9h5i3/', "What's stopping Fidelity printing paper Bitcoin? Do they have any proof of reserve?", '126awhe'], ['u/dopeboyrico', 15, '2023-03-30 14:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9ksum/', 'For now Fidelity doesn’t offer BTC deposits or withdrawals however they’ve already stated they’re exploring implementation of this functionality later. Sort of like what Robinhood did when they first launched crypto trading but on a much larger scale.\n\nIn the meantime this prevents arbitrage opportunities to send/receive BTC on or off their exchange. Which means if they don’t back BTC 1:1 held on their platform it’s going to become obvious fairly quickly if outside exchanges which do offer withdrawals have significant price disparities in BTC compared to Fidelity.', '126awhe'], ['u/iEyeOpen', 15, '2023-03-30 14:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9lkkl/', 'At some point there will not be a retest of lower prices if BTC is expected to go beyond previous ath. There is not enough time to have BTC move like a snail up for weeks just to retest the same old lower levels again and again for another couple of weeks and months.\n\nI see people\'s TA always calling for a retest to the same old bottom levels that have been revisited more than 2 times. It\'s as if these traders expect BTC to move in a price channel for the next 2 years, without ever breaking up to a whole new price floor. Why should BTC exactly "retest or confirm" lower price levels "one more time" after having done so already 3 more times in the past... What is there to retest or to confirm, can someone enlighten me? BTC is not a building where you need to check the bottom structure to ensure the stability. Price stability is proven by pumps, it\'s called proof of pump.', '126awhe'], ['u/viralhysteria', 12, '2023-03-30 14:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9mj2v/', 'Walter Deemer has a pretty good, short quote about this dynamic \n\n"When the train leaves the station, it doesn\'t back up to let latecomers on. If it does, there\'s something wrong with the train" \n\nFinding this guy (among many others) last year was a godsend for helping me better understand the price cycle we were going through on a macro scale, in regards to a variety of assets, not just BTC. \n\nI\'m personally in the camp that we should be hoping for consolidations, not strong pullbacks.', '126awhe'], ['u/zberg69420', 11, '2023-03-30 14:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9mrve/', "Unexpected cash infusion for end of 1st quarter. Bought some spot to send off to storage. The tax man wasn't able to prevent my buy after all! Suck it US gov", '126awhe'], ['u/dopeboyrico', 18, '2023-03-30 14:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9mspp/', 'Updated Fed balance sheet releases today at 4:30 PM EST.\n\nThis will be week 3 since the BTFP loan program launched. So far the Fed balance sheet has increased by $391.5 billion, wiping out 63% of all QT they did over the past year.\n\nNo additional bank failures occurred over the past week so we’ll see if the Fed balance sheet flatlines with this update or if we see another spike.', '126awhe'], ['u/DEEPFIELDSTAR', 10, '2023-03-30 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/je9oa1h/', 'It’s part confirmation bias part cope. There’s a lot of goalpost shifting that goes on in here amongst the bears where every level is somehow *super crucial* and if we don’t hit X price or stay above X level then it’s going to $1000!!!!!\n\nIt’s basically concern trolling. \n\nHere’s the reality. We may *not* hold the high 20k/30k level in the next few months. We may easily backtest the downtrend channel from Nov 2021 and bang off it as support. That would be both not unprecedented (as we’ve seen in past rallies after breaking out of it)- and also healthy, but the second we go lower the people I speak of will start drumming their chests about how we’re going to make new lows and bla bla. \n\nIt’s like people forget that not moving upwards in a constant straight line doesn’t always mean NEW LOWS!\n\n[Heres](https://youtu.be/RckOS_sM6io) a great video explaining how price may backtest downtrends and may also not. it’s happened both ways before.', '126awhe'], ['u/imissusenet', 35, '2023-03-30 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeaec0l/', "A bunch of charts:\n\n[https://imgur.com/a/KbBAcHV](https://imgur.com/a/KbBAcHV)\n\nChart 1: BTC price, 13-W (91-D) SMA, and ratio of price to SMA. During the last run-up, the price often bounced between 1.0x and 1.3x the 13-W. During parabolic moves, the ratio wouldn't go lower than 1.3x. The price is currently towards the top of the 1.0x-1.3x range. The 13-W is currently $22,467 and increasing about $120/day. \n\nChart 2: Streaks of BTC price above and below the 13-W. Once the price has been above the 13-W for at least 20 days, it tends to stay above for at least another 40 days. Tomorrow will mark 20 days above.\n\nChart 3: 1 and 4-year price ratios. BTC is currently in its longest stretch with a negative 1-year price ratio in its history.\n\nChart 4: Doubling period in days, based on a 4-year window. The doubling period is currently about 1.5 years.\n\nChart 5: BTC price after cycle tops. The price is currently following the last cycle's pattern, if it reverts to the cycle before that, the price could be flat for a year and still be about where it was that time.\n\nAnd finally, Chart 6: Remember the Pi-Cycle Indicator? Well, instead of using to to look for tops, what if we use it to look for bottoms? Who knows?", '126awhe'], ['u/zberg69420', 10, '2023-03-30 18:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeahkrv/', 'You two are balancing out nicely here, haha.\n\nThe part of me that put half my buy down today wants you to be right...the part of me waiting for the other half of my money to hit my account to buy is OK if wardser is correct this time.', '126awhe'], ['u/lurker_derp', 10, '2023-03-30 19:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeasdy3/', 'Oh no! Anyway...', '126awhe'], ['u/cryptojimmy8', 15, '2023-03-30 19:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeauhxr/', 'Scrolled the daily. Found no mention of 40k anywhere. You see what you want to see. Cant remember anyone saying that honestly. Not even that bullish in here. Good for you if your trade is doing well mate', '126awhe'], ['u/DEEPFIELDSTAR', 10, '2023-03-30 20:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeawoug/', 'Checked the price and expected 19k. \n\n“$27,800” \n\nLol. *THE INEVITABLE!*\n\nThanks for the chuckle. \n\nJust a PSA: If you think this price action is spectacular or noteworthy, Bitcoin might not be for you. Baby’s first Bullmarket is gonna make you kids shit your pants when it really starts swinging.', '126awhe'], ['u/RetardIdiotTrader', 11, '2023-03-30 20:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeaxf9r/', '$40k crowd? I’m in the $100k crowd son.', '126awhe'], ['u/bittabet', 12, '2023-03-30 20:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeaxvm7/', "Honestly it might be going back to $25K but I think you're inventing enemies to fight in your own mind. The most bullish things I've read around here are breaking through to $30 or $31K before a retrace.", '126awhe'], ['u/RabbitProofFences', 14, '2023-03-30 20:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeazcoy/', 'Damn you turned cunty', '126awhe'], ['u/delgrey', 11, '2023-03-30 20:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeb2vew/', 'For those still checking outside the charts another bank Metropolitan Bank on the ropes. Its regional but they were into crypto a bit.\n\nA little more info, it looks like they do banking for Crypto.com.', '126awhe'], ['u/bittabet', 10, '2023-03-30 21:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeba65j/', 'Love how they somehow bring crypto into it as if we set the interest rates 😆', '126awhe'], ['u/GenghisKhanSpermShot', 11, '2023-03-30 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebagmy/', "Seeing people arguing over the sentiment and I'll chime in with my thoughts reading this room for years. Yes it matters but the trap I fell into when seeing that, it got me hesitant about my longs but people have been bullish/hopeful/euphoric in here since the bottom, want to know why? \n\nThis place is dead and only permabulls are left! lol. \n\nI'm personally coming to the conclusion you can use sentiment but on VERY short time frames and why it doesn't matter much big picture is I see people nervously flipping quick waiting for the shoe to drop. Overall feels like disbelief stage to me. \n\nIf we're talking about quick scalp ya you can use it maybe. We're talking big picture, you start to worry when your cunt of an Aunt Jenny starts asking about Shina Inu.", '126awhe'], ['u/52576078', 24, '2023-03-30 21:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebb0jw/', 'I see Elizabeth Warren is making Bitcoin and crypto the center of her re-election campaign. For someone who started their career as being anti-banks, she has really come about face. I hope she loses her seat.', '126awhe'], ['u/bittabet', 12, '2023-03-30 21:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebcgcb/', 'Banks are funding the shit out of her while she claims she’s for the little guy 😆', '126awhe'], ['u/Yodel_And_Hodl_Mode', 11, '2023-03-30 21:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebddtz/', "> This place is dead and only permabulls are left! lol.\n\nAnother way to say it: The fair-weather moonboys are gone and only the strongest enthusiasts are left.\n\nThat's what happens after a bull run ends. The fair-weather fans stick around for a while, hoping the crash is only a dip, but as it deepens, they give up since they never really understood Bitcoin in the first place. They'll be back in 2024.\n\nIt's similar to how the NFL sub plummets in activity after the Super Bowl, but it picks up again during major events like the draft and the pre-season, and then it takes off again when the next season gets underway.\n\nThis sub is often an echo chamber.\n\nDuring the period of price rediscovery between a post-bull-run crash and the next bull run, it becomes an echo chamber of long term believers or an echo chamber of the irresponsible who get wrecked, depending on market moves.\n\nDuring a bull run, it becomes an echo chamber of fair-weather moonboys.\n\nDuring a crash, it becomes an echo chamber of doooooom.\n\nAnd the wheels on the bus go 'round and 'round.\n\nLather, rinse, repeat.\n\n> I'm personally coming to the conclusion you can use sentiment but on VERY short time frames and why **it doesn't matter much big picture* is I see people nervously flipping quick waiting for the shoe to drop.\n\nAbsolutely.\n\nBeware of people trapped in short term thinking.", '126awhe'], ['u/snek-jazz', 20, '2023-03-30 21:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebdor1/', "Yo, is it just me or does macro stuff seem to be moving fast and heavy lately? The banks failing a couple of weeks back was like a blip that's already forgotten. Since then I'm hearing about debt ceiling being hit in a couple of months, commercial real estate being a ticking time bomb that could be a much bigger banking crisis. There are two posts on the front of /r/economics now about countries abandoning the petrodollar today.\n\nOn top of that, in the bitcoin world you've got Binance drama, and Coinbase Wells notice etc, basically a lot of unknowns in terms of the crypto-friendly banks being gone and a possible operation chokepoint going on.\n\nThis is all on top of existing on-going stuff like the Fed inflation battle and the Ukraine war.\n\nI've been around this space for like a decade and I never remember so much going on at once.", '126awhe'], ['u/btchodler4eva', 15, '2023-03-30 22:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebin6h/', 'She came in 3rd in her own state in the 2020 primaries. She’s a cringy joke.', '126awhe'], ['u/chrisgilesphoto', 10, '2023-03-30 22:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebisco/', "A lot of people are numb to it. The media have exhausted everyone's dopamine.", '126awhe'], ['u/xtal_00', 12, '2023-03-30 22:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebiysi/', "Uncertainty and additional layoffs accelerate inflation drops. Fed starts printing sooner to offset. Impact of efficiency increases may offset worker loss and maintain production. Either way, money supply increases.\n\nThe next year or so has substantial capital going into the space; like nothing I've ever seen. \n\nPeople underestimated the internet, too. I didn't.", '126awhe'], ['u/GenghisKhanSpermShot', 18, '2023-03-30 22:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jeblvw7/', 'This is all designed to steal your bags across the board. I went back and looked at papers during the great depression the banks kept saying to buy and everything is OK as it continued to free fall. This is an organized theft of citizens assets by the big boys and media.', '126awhe'], ['u/_TROLL', 12, '2023-03-30 23:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebokou/', "No doubt Jim Cramer's grandfather was on the radio in September 1929, urging people to quadruple their life savings by buying stocks. 😋", '126awhe'], ['u/dopeboyrico', 14, '2023-03-30 23:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/126awhe/daily_discussion_thursday_march_30_2023/jebp3l4/', '[Fed balance sheet shrank by $27 billion in the past week.](https://fred.stlouisfed.org/series/WALCL#)\n\nLooks like the “fake” QE from BTFP loans has subsided for now. Perhaps the bank failures have been contained and will not spread further.', '126awhe']]], ['u/TheWaveCarver', 'Tezos Mumbai update has completed. Tezos can now handle 1 million TPS. In comparison, Visa has TPS of 24,000, Mastercard 5,000, Ethereum 27 and Bitcoin has 7 TPS.', 25, '2023-03-30 06:00', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/', 'Mumbai will activate so-called smart rollups, a technology that will allow Tezos to scale and serve 1 million transactions per second. Smart rollups have been available on testnet for quite some time and will not only be activated but also be improved with Mumbai. Minimal block time will also be reduced by cutting it by half down to 15 seconds. Another great feature is Epoxy, which is introducing validity rollups that serve a very similar purpose to optimistic rollups on Ethereum. Epoxy will be available on testnet and is meant to improve privacy through its second-layer technology.', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/', '126awj6', [['u/ebass', 32, '2023-03-30 06:03', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8fgja/', 'Can we stop touting these "TPS" for Visa and MC? They aren\'t even remotely comparable. Visa\'s network serves real customers while your favourite blockchain\'s theoretical TPS is achieved on testnet running on a bunch of amazon servers.\n\nAdvances in blockchain tech is great, but exaggerating the accomplishments has the opposite effect. How many times have we heard about a network achieving 1000, 10000, 100000 TPS?', '126awj6'], ['u/Fo-One-Deuce', 20, '2023-03-30 06:04', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8fk5p/', 'Tezos for some reason never gets the respect it deserves.', '126awj6'], ['u/mishaog', 11, '2023-03-30 06:09', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8g0gq/', "Let's see if it works in the real world", '126awj6'], ['u/UltimateCrypto', 11, '2023-03-30 06:09', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8g0rj/', 'Tezos is underrated', '126awj6'], ['u/BigDickVitalik', 15, '2023-03-30 06:11', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8g8qm/', 'Agreed. Such a low key community too - you don’t see XTZ maxis in here getting caught up in the tribalism, they just keep their heads down and keep building.', '126awj6'], ['u/Wesley_Binod', 17, '2023-03-30 06:13', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8ghjq/', 'So many angry comments here. \n\nIf you do a bit of research you will find Tezos is one of the most innovative and adaptable Blockchains.\n\nThe L2 solution will be built in at protocol level and comparisons to polygon are way off the mark.', '126awj6'], ['u/TezosNodes', 11, '2023-03-30 06:14', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8gk4a/', 'Love Tezos', '126awj6'], ['u/j-lreddit', 12, '2023-03-30 07:46', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8oxgq/', "Though every coin seems to make these TPS claims, I'd take a more serious look at the achievement here. Smart roll ups active on the main chain, not as seperate smart contracts is a serious achievement. The tech of Tezos is the real deal.", '126awj6'], ['u/somethingknew123', 11, '2023-03-30 09:01', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8uqg8/', 'Except this is the real deal. Other rollups are layer 2 and come with unecessary tokens, and with huge security compromises along with hand waves that there are plans to decentralize.\n\nTezos rollups are enshrined, secured by the same set of validators as the blockchain itself, actually comes with fraud proofs, and doesnt rely on any multi sigs. \n\nNo other blockchain is close to what tezos has live right now this very second.', '126awj6'], ['u/somethingknew123', 16, '2023-03-30 09:05', 'https://www.reddit.com/r/CryptoCurrency/comments/126awj6/tezos_mumbai_update_has_completed_tezos_can_now/je8v0dd/', 'You are way out of your element with this critique.\n\nTake it from an ethereum fan:\n\nhttps://twitter.com/apolynya/status/1641271622790434816\n\nThis is the real deal. Other rollups are layer 2 and come with unecessary tokens, and with huge security compromises along with hand waves that there are plans to decentralize.\n\nTezos rollups are enshrined, secured by the same set of validators as the blockchain itself, actually come with working fraud proofs, and dont rely on any multi sigs. \n\nNo other blockchain is close to what tezos has live right now this very second.', '126awj6']]], ['u/North-Commission-209', 'Should I use my pc after getting a rat and would it be ok to factory reset?', 195, '2023-03-30 06:18', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/', 'So about 4 months ago I was on pc playing gta v but it crashed and then suddenly notepad got pulled up and my mouse was moving by itself and its said\n\n "hey retard I think you got a virus,\nAnyways I encrypted all your files\nSend me 100$ to this btc address or cashapp to get them back\n$VendorsTemp\n(Random btc address i can\'t remember)\n\nAfter that we start talking thru notepad then he adds me on discord this whole time I\'m pleading for other ways to get out of this and he says he can make it where my pc won\'t even start up anymore if i don\'t do it and eventually after talking he starts talking more friendly and says he just wants a Hulu acc thats all but I don\'t have one and (also by this time for some reason his software was malfunctioning and he was saying he couldn\'t find me on his panel and his encrypter won\'t work)\n\nMy friend wants to talk to him so I let him speak but he thinks it a good idea to scare him, so after saying he was gonna catch a federal charge and saying he was a forensic analyzer the "hacker" keeps saying pipe down and I ain\'t gonna do nothing then eventually blocks me on discord \n\nMy pc continues to be all fine and no issues I also logged out all my accs just incase \n\nI\'m sure he would destroy my pc and steal my info if he still had access which maybe he does but I\'m still very cautious.\n\n(Srry for bad spelling', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/', '126be6k', [['u/computix', 304, '2023-03-30 06:47', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je8jr51/', "Why would he suddenly magically not have access anymore? Your PC is still has the RAT on it and it's also insecure in a way that led to this in the first place.\n\nA clean reinstall and resetting all passwords is the least you should do.", '126be6k'], ['u/WhereIsMyHammaaah', 114, '2023-03-30 06:56', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je8ko1j/', 'This is the way, and stop connnecting online until you do that. He could be transferring sensitive files over.', '126be6k'], ['u/Dollbeau', 85, '2023-03-30 07:48', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je8p2zx/', "Oh I'm a hacker \nOh your 'mate is FBI'!?!? \nOh don't wOz, I lost me connection - you're all fine buds! \n\nIs it just me?!", '126be6k'], ['u/txivotv', 25, '2023-03-30 09:50', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je8y4fh/', 'r/masterhacker on the job!', '126be6k'], ['u/Tarora1', 43, '2023-03-30 10:28', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je90o2o/', "Download and run any sus files lately? I know GTA V had a huge security flaw back in January that allowed remote code execution, so could have been related to that. \n\nOnly way to be safe is to disconnect from internet immediately. Change all your passwords from a non-infected device. Then copy off important things that can't be redownloaded. Then do a clean reinstall of windows. \n\nDon't just do the reset from within windows, create a bootable installation media with a USB stick, and start fresh.\n\nDefinitely sucks, but only way to be sure, as they could have a keylogger installed just silently collecting your accounts to be used months or even years from now.", '126be6k'], ['u/Kriss3d', 43, '2023-03-30 10:56', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je92lq3/', 'I would wipe that entirely. Get an installer usb. Get it offline. Boot up on a linux usb and backup what you need to keep. Then install windows or whatever OS you want from scratch.. \nNot just reset', '126be6k'], ['u/LagPolicee', 83, '2023-03-30 11:13', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je93s9f/', 'Pull your ethernet cable and disconnect your wifi from the pc immediately. Then do what others said on here.', '126be6k'], ['u/ByGollie', 26, '2023-03-30 12:05', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je97c9o/', "Consider all your accounts compromised.\n\nDon't turn on that computer again - don't even attempt to boot up and clean it.\n\nOn another device like a tablet or smartphone - start resetting your accounts, changing them to different passwords. Where possible, enable 2 factor authentication - that way even if someone gets your password, they can't login unless they have access to an authenticator app on your smartphone or a SMS message.\n\nNow - to clean up your PC\n\n\nThere are 2 ways you can do this - Do it yourself or take it to a professional.\n\nEither way, here's the recommended method\n\nWe do NOT want to start up the computer in case it's compromised and everything gets encrypted with ransomware.\n\nThere are again 2 methods of cleaning the computer.\n\nEither we do it in-situ, or we remove the SSD/HDD\n\nThe latter method involves $ - we purchase a new HDD/SSD for about $50-100 and put it in place of the old drive.\n\nWe then install Windows from fresh on the new drive, and ensure i's well hardened and protected with anti-virus etc. We can login with our new passwords and 2FA to our main accounts\n\nWe then put the old drive in an external caddy/case we buy for $30 on eBay or Amazon, and hook it up to the computer.\n\nAs the old drive is not actually running, it's relatively safe to scan the old drive with multiple AV products (see the wiki in /r/antivirus) then transfer across the documents, downloads, application data etc in the root Users folder \n\nScan them again, then wipe and scrub the old drive to ensure that the RAT is gone.\n\n****\n\nThe other solution is to do it in-situ - keeping the internal drive\n\n\nYou could power it back up, unhook it from the internet and attempt to do off-line scans but that's a bit risky.\n\nBefore you proceed, read this [earlier post of mine](https://www.reddit.com/r/24hoursupport/comments/125be1o/anyone_heard_of_this_youtube_and_gmail/je6g2wi/) for someone in a similar solution.\n\nYou basically (on another PC) prepare a USB drive and make it bootable, and fill it with recovery tools and AV scanning tools.\n\nYou then boot off that USB stick, it loads a special Linux-based environment that can't be infected, and scans the Windows drive - cleaning it\n\nRepeat this with several tools listed in the wiki links in my post and your PC is likely free.\n\nAlternatively, use one of the other methods i linked here to back up your important stuff to an external drive (via Linux LiveUSB as it can't be infected), [nuke the partitions on your hard drive and start again from scratch.](https://www.reddit.com/r/24hoursupport/comments/1251kcn/hello_this_may_or_may_not_be_the_appropriate/je4c2cb/)\n\nBut scan before you restore your data.\n\n\n*****\n\nThe last bit is very technical, so it might be better to take it to a repair shop or someone more technical.\n\nExlain that you think you have a Trojan on the PC - you don't trust simple scans.\n\nInstead you want them to back up your documents, downloads, photos, videos, desktop and the AppData folder .\n\nThen you want them to delete all the partitions and reinstall Windows from scratch, scan the backups and restore them,", '126be6k'], ['u/lastwraith', 14, '2023-03-30 13:23', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je9dss4/', "I don't think ransomware actors are too worried about being politically correct. \nThere was a recent article where they published medical photos of cancer patients in an attempt to put pressure on the medical institutions to pay up.\nThese people are scum.", '126be6k'], ['u/zugurmug', 55, '2023-03-30 13:40', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je9fd3q/', 'Nuke it from orbit... its the only way to be sure.', '126be6k'], ['u/lastwraith', 16, '2023-03-30 13:53', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je9gqje/', "Pointless additional expense. \nIssue a secure erase command to your SSD or use something like DBAN on your HDD (if you are still tormenting yourself with a HDD as a system drive). \nThen do a fresh install. \n\nIf you don't trust the firmware on your drive after an intrusion, that's one thing, but then why would you trust the firmware on your motherboard? If you are that paranoid, just get a completely new PC and trash the old one. But obviously that's pretty ridiculous for a home user.", '126be6k'], ['u/lastwraith', 17, '2023-03-30 13:55', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je9gw91/', 'But the installation has a substantial dollar value!?!', '126be6k'], ['u/majoroutage', 34, '2023-03-30 15:28', 'https://www.reddit.com/r/techsupport/comments/126be6k/should_i_use_my_pc_after_getting_a_rat_and_would/je9rqv4/', 'Something tells me getting notepad open was the ONLY thing this GTA script kiddy was able to do successfully.\n\nBut OP you still need to consid...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:The crypto market is ending the week flat.\nInsights:Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit.\nBy Sam Reynolds\nCoinDesk Market Index (CMI)\n1,213\n−2.1▼0.2%\nBitcoin (BTC)\n$28,303\n−3.4▼0.0%\nEthereum (ETH)\n$1,813\n+28.2▲1.6%\nS&P 500\n4,050.83\n+23.0▲0.6%\nGold\n$1,998\n+31.9▲1.6%\nNikkei 225\n27,782.93\n−100.8▼0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBoth bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813.\nStock markets in Asia are in the green, with the Nikkei 225 opening 1%.\nBitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. AsKaiko notedearlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of theexisting liquidity woesbitcoin now faces, as fiat pipelines dry up.\nLooking ahead to the next week there are a number of economic events that should spur traders’ interest.\nJohn Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead.\nWith the U.S. governmenttaking an apparent stand against crypto, traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly.\nStefan Rust Has a Few Things to Say About Banks and Crypto\nBy James Rubin\nHas crypto really, finally, truly reached its breakthrough moment?\nStefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices.\n“It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto.\nHe added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now."\nRust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote.\nThe byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposednew, more crypto-friendly regulations. The SFC is seeking public comment on the rules, which could establish a new licensing regime for crypto service providers and allow licensed platforms to serve retail investors under certain protections.\n"A lot of Asian customers that had crypto in SVB are now moving funds to Hong Kong where they can set up accounts and use the Hong Kong banking system to on and off ramp," Rust wrote. "Indeed, it\'s interesting to see that during these times, as the Western banking world is experiencing another crisis, that a small tax haven in China like Hong Kong is inviting crypto companies to work with them to identify new regulations that could be put in place to build a sustainable crypto economy."\nRust expects the recent unsettled relationship between decentralized finance, orDeFi, and TradFi to steady. "Over the long term, there will be a whole new on and offramp system between DeFi, crypto and the fiat world, as trust in centralized, regulated institutions has definitely had its back broken," he wrote. "There is no longer a need to keep all your funds in one bank, one central entity that holds all of your assets in custody, as who knows what will happen with that entity and ultimately your savings."\nHe added: "Markets always take a bit of time to readjust, reacquire confidence and find new paths and funding streams. Money will always move uphill, however.”\nMiami NFT Week\nMetaverse Fashion Week by Decentraland\nSpeech by Federal Reserve Board Governor Christopher Waller\nHKT/SGT(UTC)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Trading Volumes Spike to Billions of Dollars on South Korean Crypto Exchanges; SBF Legal Developments\nTrading volumes for XRP spiked to billions of dollars on Upbit, Bithumb and Korbit, three of Korea’s top exchanges by volume, on the back of the token\'s 26% rise in the past week. Gracy Chen, managing director at Bitget, and Mark Connors, head of research at 3iQ, joined the conversation. Plus, Nansen\'s Jason Meng discussed Binance\'s on-chain balance following the Commodity Futures Trading Commission lawsuit against the crypto exchange. And "First Mover" offered an update on Sam Bankman-Fried\'s legal developments ahead of a status hearing on Thursday.\nCircle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin:USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.\nBitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations:The company reiterated its 5.5 EH/s computing power target for the second quarter of this year.\n3 Strategies Crypto Firms Can Use to Land a New Banking Partner:After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships.\nBevy of Economic Data Barely Stirs Bitcoin, Ether:Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: The crypto market is ending the week flat. Insights: Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit. Prices By Sam Reynolds CoinDesk Market Index (CMI) 1,213 −2.1 ▼ 0.2% Bitcoin (BTC) $28,303 −3.4 ▼ 0.0% Ethereum (ETH) $1,813 +28.2 ▲ 1.6% S&P 500 4,050.83 +23.0 ▲ 0.6% Gold $1,998 +31.9 ▲ 1.6% Nikkei 225 27,782.93 −100.8 ▼ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Both bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813. Stock markets in Asia are in the green, with the Nikkei 225 opening 1%. Bitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. As Kaiko noted earlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of the existing liquidity woes bitcoin now faces, as fiat pipelines dry up. Looking ahead to the next week there are a number of economic events that should spur traders’ interest. John Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead. With the U.S. government taking an apparent stand against crypto , traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly. Insights Stefan Rust Has a Few Things to Say About Banks and Crypto By James Rubin Has crypto really, finally, truly reached its breakthrough moment? Stefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices. Story continues “It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto. He added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now." Rust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote. The byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposed new, more crypto-friendly regulations . The SFC is seeking public comment on the rules, which could establish a new licensing regime for crypto service providers and allow licensed platforms to serve retail investors under certain protections. "A lot of Asian customers that had crypto in SVB are now moving funds to Hong Kong where they can set up accounts and use the Hong Kong banking system to on and off ramp," Rust wrote. "Indeed, it\'s interesting to see that during these times, as the Western banking world is experiencing another crisis, that a small tax haven in China like Hong Kong is inviting crypto companies to work with them to identify new regulations that could be put in place to build a sustainable crypto economy." Rust expects the recent unsettled relationship between decentralized finance, or DeFi , and TradFi to steady. "Over the long term, there will be a whole new on and offramp system between DeFi, crypto and the fiat world, as trust in centralized, regulated institutions has definitely had its back broken," he wrote. "There is no longer a need to keep all your funds in one bank, one central entity that holds all of your assets in custody, as who knows what will happen with that entity and ultimately your savings." He added: "Markets always take a bit of time to readjust, reacquire confidence and find new paths and funding streams. Money will always move uphill, however.” Important events. Miami NFT Week Metaverse Fashion Week by Decentraland Speech by Federal Reserve Board Governor Christopher Waller HKT/SGT(UTC) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : XRP Trading Volumes Spike to Billions of Dollars on South Korean Crypto Exchanges; SBF Legal Developments Trading volumes for XRP spiked to billions of dollars on Upbit, Bithumb and Korbit, three of Korea’s top exchanges by volume, on the back of the token\'s 26% rise in the past week. Gracy Chen, managing director at Bitget, and Mark Connors, head of research at 3iQ, joined the conversation. Plus, Nansen\'s Jason Meng discussed Binance\'s on-chain balance following the Commodity Futures Trading Commission lawsuit against the crypto exchange. And "First Mover" offered an update on Sam Bankman-Fried\'s legal developments ahead of a status hearing on Thursday. Headlines Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin: USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner. Bitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations: The company reiterated its 5.5 EH/s computing power target for the second quarter of this year. 3 Strategies Crypto Firms Can Use to Land a New Banking Partner: After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Bevy of Economic Data Barely Stirs Bitcoin, Ether: Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:The crypto market is ending the week flat.\nInsights:Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit.\nBy Sam Reynolds\nCoinDesk Market Index (CMI)\n1,213\n−2.1▼0.2%\nBitcoin (BTC)\n$28,303\n−3.4▼0.0%\nEthereum (ETH)\n$1,813\n+28.2▲1.6%\nS&P 500\n4,050.83\n+23.0▲0.6%\nGold\n$1,998\n+31.9▲1.6%\nNikkei 225\n27,782.93\n−100.8▼0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBoth bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813.\nStock markets in Asia are in the green, with the Nikkei 225 opening 1%.\nBitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. AsKaiko notedearlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of theexisting liquidity woesbitcoin now faces, as fiat pipelines dry up.\nLooking ahead to the next week there are a number of economic events that should spur traders’ interest.\nJohn Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead.\nWith the U.S. governmenttaking an apparent stand against crypto, traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly.\nStefan Rust Has a Few Things to Say About Banks and Crypto\nBy James Rubin\nHas crypto really, finally, truly reached its breakthrough moment?\nStefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices.\n“It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto.\nHe added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now."\nRust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote.\nThe byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposednew, more crypto-friendly regulations. The SFC is seeking public comment on the rules, which could establish a new licensing regime for crypto service providers and allow licensed platforms to serve retail investors under certain protections.\n"A lot of Asian customers that had crypto in SVB are now moving funds to Hong Kong where they can set up accounts and use the Hong Kong banking system to on and off ramp," Rust wrote. "Indeed, it\'s interesting to see that during these times, as the Western banking world is experiencing another crisis, that a small tax haven in China like Hong Kong is inviting crypto companies to work with them to identify new regulations that could be put in place to build a sustainable crypto economy."\nRust expects the recent unsettled relationship between decentralized finance, orDeFi, and TradFi to steady. "Over the long term, there will be a whole new on and offramp system between DeFi, crypto and the fiat world, as trust in centralized, regulated institutions has definitely had its back broken," he wrote. "There is no longer a need to keep all your funds in one bank, one central entity that holds all of your assets in custody, as who knows what will happen with that entity and ultimately your savings."\nHe added: "Markets always take a bit of time to readjust, reacquire confidence and find new paths and funding streams. Money will always move uphill, however.”\nMiami NFT Week\nMetaverse Fashion Week by Decentraland\nSpeech by Federal Reserve Board Governor Christopher Waller\nHKT/SGT(UTC)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Trading Volumes Spike to Billions of Dollars on South Korean Crypto Exchanges; SBF Legal Developments\nTrading volumes for XRP spiked to billions of dollars on Upbit, Bithumb and Korbit, three of Korea’s top exchanges by volume, on the back of the token\'s 26% rise in the past week. Gracy Chen, managing director at Bitget, and Mark Connors, head of research at 3iQ, joined the conversation. Plus, Nansen\'s Jason Meng discussed Binance\'s on-chain balance following the Commodity Futures Trading Commission lawsuit against the crypto exchange. And "First Mover" offered an update on Sam Bankman-Fried\'s legal developments ahead of a status hearing on Thursday.\nCircle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin:USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.\nBitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations:The company reiterated its 5.5 EH/s computing power target for the second quarter of this year.\n3 Strategies Crypto Firms Can Use to Land a New Banking Partner:After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships.\nBevy of Economic Data Barely Stirs Bitcoin, Ether:Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.', 'First they ignore you, then they laugh at you, then they fight you. And then you win.\nA mere 15 years after the fallout from the Global Financial Crisis inspired thecreation of Bitcoin, a new yet eerily familiar crisis in the world of traditional banking is reminding us that the financial system is more fragile than many would like to believe.\nThe introduction of Bitcoin is shrouded in mystique — thanks in part to the anonymity of creator Satoshi Nakamoto — but its creation was a logical reaction to the events of the 2008 financial crisis. What we do know: The first appearance of Bitcoin came just two months after Lehman Brothers filed for bankruptcy.\nThe failure of major financial institutions, ranging from investment banks like Bear Stearns and Lehman Brothers to main street banks like Washington Mutual, shook people’s faith in the banking system. This loss of trust led to the advent of Bitcoin, creating thefirst decentralized peer-to-peer financial system, doing away with the need to place trust in third parties and intermediaries. This was a revolutionary development that allowed people to “be their own bank” and put individuals on a level playing field with banks for the first time. Rather than being asked to trust a centralized intermediary like a bank with their money, Bitcoin was trustless and allowed people to instead verify in its open-source code.\nBetween the Great Financial Crisis and the current banking crisis, Bitcoin also served as a safety valve during the Cyprus banking crisis of 2013, which spread uncertainty throughout Europe. This unease led European citizens to diversify out of euros and Russian rubles into Bitcoin, driving Bitcoin fromUS$93 to a then-all-time high of US$265over the course of two months and making many people who were simply concerned about the safety of their savings into early adopters of Bitcoin. Market maker Cumberland notes that the Cypriot crisis preceded the current debacle by exactly a decade, tweeting: “Ten years ago this week, there was a bank run in Cyprus, where ATMs were emptied and vaults were depleted. This event triggered the largest-ever rally (in percentage terms) in BTC… This weekend, ETH and other cryptoassets joined BTC’s strong performance in the face of banking turmoil. History doesn’t always repeat itself, but it often rhymes.”\nSince that time, Bitcoin has grown from an idea on a mailing list to a US$500 billion asset utilized by millions of people all over the world for a wide variety of purposes. Bitcoin and the cryptocurrency asset class that it helped to create have come a long way. But recent events show that the majority of people still have a long way to go when it comes to safeguarding themselves against the risks posed by the current financial system.\nIn early March, traditional markets were rattled by news that Silicon Valley Bank collapsed. SVB was thesixteenth-largest bankin the United States with over US$200 billion in assets as of Dec. 31, 2022, making this thesecond-largest bank failure in U.S. historyand the largest since thecollapse of Washington Mutual in 2008.\nRumors of trouble began circulating late Wednesday, March 8 when SVB’s CEO said that the bank would be “rebalancing” its balance sheet by selling treasuries and raising new equity in the company. This, coupled with a downgrade of the bank’s debt by rating agency Moody’s, caused what can best be described as a death spiral or self-fulfilled prophecy. According to the Wall Street Journal, on Thursday, March 9, panicked customers tried to withdraw US$42 billion, giving the bank a negative cash balance of US$1 billion, leaving the bank unable to cover its outgoing payments at the Federal Reserve. Shares of SVB’s stock fell 60% that day, causing more panic and more withdrawals as some venture capitalists urged their portfolio companies to pull their money from the bank. By Friday, March 10, regulators had shut the California-based bank down and the Federal Deposit Insurance Company had taken over.\nHow did this happen? The tech-focused bank served many startups and VCs in the tech and biotech sectors, placing an outsized focus on these types of businesses. It saw a huge influx of capital during the years surrounding Covid-19 and the influx of financial liquidity that came with it. The bank invested much of this capital into U.S. Treasury bonds and other safe instruments like mortgage-backed securities. However, the Federal Reserve’s fast and furious cadence of interest rate hikes hit Silicon Valley Bank in two ways. The rising interest rate environment hurt tech companies, and many of Silicon Valley Bank’s customers needed to withdraw significant amounts of funds. Secondly, it diminished the value of SVB’s bond portfolio, which was invested at lower rates. New investment in tech and startups slowed down due to the tighter economic conditions, meaning new money wasn’t coming in quickly. SVB was forced to sell bonds before maturity at a loss to meet liquidity demands.\nThe fall of a large and established bank is startling for both its magnitude and the speed at which it happened. The fragility of a major, well-respected bank in the United States with over US$200 billion in assets should give everyone some pause. While there don’t seem to be any allegations of wrongdoing at this time, there does seem to have been poor risk management practices. At the very least, the Justice Department and Security and Exchange Commission are investigating the circumstances of the bank’s collapse. Alfonso Peccatiello of The Macro Compass explains that, with a US$120 billion bond portfolio and average duration of 5.6 years, every 10 bps move higher in interest rates caused SVB to lose US$700 million, and a 200 bps increase would cost US$14 billion, essentially wiping out all of the bank’s capital.\nMany startups and venture-backed firms expressed concern they would not be able to make their payroll the following week, and Y Combinator CEO Garry Tan described SVB’s collapse as an “extinction-level event” for the startup ecosystem.\nThat such a large and renowned bank could enter a death spiral like this at breakneck speed is a reminder of the importance of diversification — and the risks associated with being at the mercy of a single point of failure. As one customer told the Wall Street Journal, “We are in a whole lot of trouble now. . . . we shouldn’t have had all our eggs in one basket.”\nWhile banks like SVB have FDIC insurance, this only insures up to US$250,000 per customer, which isn’t sufficient coverage for most businesses or for high-net-worth individuals. This collapse will therefore make many people reconsider keeping all of their assets in one bank. A customer with US$1 million may consider splitting this total between four different banks.\nThis is a useful starting point. Beyond diversification among banks, individuals may begin to consider diversifying towards financial institutions in other countries as well as diversifying into other currencies and asset classes, including Bitcoin and other cryptocurrencies.\nPart of the appeal of a truly decentralized asset like Bitcoin is that there is no “CEO of Bitcoin” — no management team is making judgment calls on interest rates that could imperil the entire network. As stated above, users don’t have to decide whether to trust a company or management team in order to allocate towards Bitcoin, they can instead verify (directly or by proxy) the open-source code that governs the Bitcoin network. Additionally, anyone can view any transaction ever made on the Bitcoin blockchain, giving the network incredible transparency. Cathie Wood, founder and CIO of Ark Invest, pointed out that the current banking crisiswouldn’t have been possiblein “the decentralized, transparent, auditable and overcollateralized crypto asset ecosystem.”\nIs Bitcoin one of the winners amidst the current banking turmoil? Many people seem to think so, and they are voting with their wallets. Since the crisis first erupted on March 8, theprice of Bitcoin has been surging. While Bitcoin initially briefly fell to under US$20,000 on March 9 amidst the wider market panic, it has since soared to above US$28,000, for a gain of about 40% in just under two weeks at a time when the broader financial market is jittery.\nBitcoin is now up nearly 70% year to date barely a quarter of the way into 2023, surpassing the gains of the S&P 500 and the Nasdaq, which are up 3.8% and 13.8% year to date, respectively. Nik Bhatia and Joe Consorti of the Bitcoin Layer newsletter write that “The [Federal Reserve’s] aggressive rate hikes and balance sheet reduction have caused a historic bank failure —fashioning a real-time ad for bitcoin self-custody.” Market maker Cumberland tweeted that “When traders are unsure about crypto prices, they flee to stables and bank deposits. When they are unsure about stables and bank deposits?It’s crypto’s time to shine, and BTC and ETH rallied 14% and 15% respectively over the weekend amidst uncertainty in the banking sector.”\nBeyond the throes of the current crisis, remember that, no matter where someone is keeping their dollars, they are currentlylosing 8%of their value on an annual basis due to inflation. With a maximum supply of 21 million and a monetary supply that is deflationary over time rather than inflationary, Bitcoin stands out in the current environment where central banks in the United States and around the world are printing more fiat currency than ever before.\nUltimately, the problems of the traditional, centralized financial system led to the Great Financial Crisis and catalyzed the rise of Bitcoin. Fifteen years later, the legacy system is plagued by the exact same problems while Bitcoin has expanded both in value and capability, making it clear that Bitcoin is as necessary now as it has ever been.', 'First they ignore you, then they laugh at you, then they fight you. And then you win. A mere 15 years after the fallout from the Global Financial Crisis inspired the creation of Bitcoin , a new yet eerily familiar crisis in the world of traditional banking is reminding us that the financial system is more fragile than many would like to believe. The introduction of Bitcoin is shrouded in mystique — thanks in part to the anonymity of creator Satoshi Nakamoto — but its creation was a logical reaction to the events of the 2008 financial crisis. What we do know: The first appearance of Bitcoin came just two months after Lehman Brothers filed for bankruptcy. The failure of major financial institutions, ranging from investment banks like Bear Stearns and Lehman Brothers to main street banks like Washington Mutual, shook people’s faith in the banking system. This loss of trust led to the advent of Bitcoin, creating the first decentralized peer-to-peer financial system , doing away with the need to place trust in third parties and intermediaries. This was a revolutionary development that allowed people to “be their own bank” and put individuals on a level playing field with banks for the first time. Rather than being asked to trust a centralized intermediary like a bank with their money, Bitcoin was trustless and allowed people to instead verify in its open-source code. Between the Great Financial Crisis and the current banking crisis, Bitcoin also served as a safety valve during the Cyprus banking crisis of 2013, which spread uncertainty throughout Europe. This unease led European citizens to diversify out of euros and Russian rubles into Bitcoin, driving Bitcoin from US$93 to a then-all-time high of US$265 over the course of two months and making many people who were simply concerned about the safety of their savings into early adopters of Bitcoin. Market maker Cumberland notes that the Cypriot crisis preceded the current debacle by exactly a decade, tweeting: “Ten years ago this week, there was a bank run in Cyprus, where ATMs were emptied and vaults were depleted. This event triggered the largest-ever rally (in percentage terms) in BTC… This weekend, ETH and other cryptoassets joined BTC’s strong performance in the face of banking turmoil. History doesn’t always repeat itself, but it often rhymes.” Story continues Since that time, Bitcoin has grown from an idea on a mailing list to a US$500 billion asset utilized by millions of people all over the world for a wide variety of purposes. Bitcoin and the cryptocurrency asset class that it helped to create have come a long way. But recent events show that the majority of people still have a long way to go when it comes to safeguarding themselves against the risks posed by the current financial system. What Happened?/Death Spiral/Self-fulfilling Prophecy In early March, traditional markets were rattled by news that Silicon Valley Bank collapsed. SVB was the sixteenth-largest bank in the United States with over US$200 billion in assets as of Dec. 31, 2022, making this the second-largest bank failure in U.S. history and the largest since the collapse of Washington Mutual in 2008 . Rumors of trouble began circulating late Wednesday, March 8 when SVB’s CEO said that the bank would be “rebalancing” its balance sheet by selling treasuries and raising new equity in the company. This, coupled with a downgrade of the bank’s debt by rating agency Moody’s, caused what can best be described as a death spiral or self-fulfilled prophecy. According to the Wall Street Journal, on Thursday, March 9, panicked customers tried to withdraw US$42 billion, giving the bank a negative cash balance of US$1 billion, leaving the bank unable to cover its outgoing payments at the Federal Reserve. Shares of SVB’s stock fell 60% that day, causing more panic and more withdrawals as some venture capitalists urged their portfolio companies to pull their money from the bank. By Friday, March 10, regulators had shut the California-based bank down and the Federal Deposit Insurance Company had taken over. How did this happen? The tech-focused bank served many startups and VCs in the tech and biotech sectors, placing an outsized focus on these types of businesses. It saw a huge influx of capital during the years surrounding Covid-19 and the influx of financial liquidity that came with it. The bank invested much of this capital into U.S. Treasury bonds and other safe instruments like mortgage-backed securities. However, the Federal Reserve’s fast and furious cadence of interest rate hikes hit Silicon Valley Bank in two ways. The rising interest rate environment hurt tech companies, and many of Silicon Valley Bank’s customers needed to withdraw significant amounts of funds. Secondly, it diminished the value of SVB’s bond portfolio, which was invested at lower rates. New investment in tech and startups slowed down due to the tighter economic conditions, meaning new money wasn’t coming in quickly. SVB was forced to sell bonds before maturity at a loss to meet liquidity demands. The fall of a large and established bank is startling for both its magnitude and the speed at which it happened. The fragility of a major, well-respected bank in the United States with over US$200 billion in assets should give everyone some pause. While there don’t seem to be any allegations of wrongdoing at this time, there does seem to have been poor risk management practices. At the very least, the Justice Department and Security and Exchange Commission are investigating the circumstances of the bank’s collapse. Alfonso Peccatiello of The Macro Compass explains that, with a US$120 billion bond portfolio and average duration of 5.6 years, every 10 bps move higher in interest rates caused SVB to lose US$700 million, and a 200 bps increase would cost US$14 billion, essentially wiping out all of the bank’s capital. Many startups and venture-backed firms expressed concern they would not be able to make their payroll the following week, and Y Combinator CEO Garry Tan described SVB’s collapse as an “ extinction-level event ” for the startup ecosystem. Single point of failure That such a large and renowned bank could enter a death spiral like this at breakneck speed is a reminder of the importance of diversification — and the risks associated with being at the mercy of a single point of failure. As one customer told the Wall Street Journal, “We are in a whole lot of trouble now. . . . we shouldn’t have had all our eggs in one basket.” While banks like SVB have FDIC insurance, this only insures up to US$250,000 per customer, which isn’t sufficient coverage for most businesses or for high-net-worth individuals. This collapse will therefore make many people reconsider keeping all of their assets in one bank. A customer with US$1 million may consider splitting this total between four different banks. This is a useful starting point. Beyond diversification among banks, individuals may begin to consider diversifying towards financial institutions in other countries as well as diversifying into other currencies and asset classes, including Bitcoin and other cryptocurrencies. Part of the appeal of a truly decentralized asset like Bitcoin is that there is no “CEO of Bitcoin” — no management team is making judgment calls on interest rates that could imperil the entire network. As stated above, users don’t have to decide whether to trust a company or management team in order to allocate towards Bitcoin, they can instead verify (directly or by proxy) the open-source code that governs the Bitcoin network. Additionally, anyone can view any transaction ever made on the Bitcoin blockchain, giving the network incredible transparency. Cathie Wood, founder and CIO of Ark Invest, pointed out that the current banking crisis wouldn’t have been possible in “the decentralized, transparent, auditable and overcollateralized crypto asset ecosystem.” Is Bitcoin one of the winners amidst the current banking turmoil? Many people seem to think so, and they are voting with their wallets. Since the crisis first erupted on March 8, the price of Bitcoin has been surging . While Bitcoin initially briefly fell to under US$20,000 on March 9 amidst the wider market panic, it has since soared to above US$28,000, for a gain of about 40% in just under two weeks at a time when the broader financial market is jittery. Bitcoin is now up nearly 70% year to date barely a quarter of the way into 2023, surpassing the gains of the S&P 500 and the Nasdaq, which are up 3.8% and 13.8% year to date, respectively. Nik Bhatia and Joe Consorti of the Bitcoin Layer newsletter write that “The [Federal Reserve’s] aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for bitcoin self-custody .” Market maker Cumberland tweeted that “When traders are unsure about crypto prices, they flee to stables and bank deposits. When they are unsure about stables and bank deposits? It’s crypto’s time to shine , and BTC and ETH rallied 14% and 15% respectively over the weekend amidst uncertainty in the banking sector.” Beyond the throes of the current crisis, remember that, no matter where someone is keeping their dollars, they are currently losing 8% of their value on an annual basis due to inflation. With a maximum supply of 21 million and a monetary supply that is deflationary over time rather than inflationary, Bitcoin stands out in the current environment where central banks in the United States and around the world are printing more fiat currency than ever before. Ultimately, the problems of the traditional, centralized financial system led to the Great Financial Crisis and catalyzed the rise of Bitcoin. Fifteen years later, the legacy system is plagued by the exact same problems while Bitcoin has expanded both in value and capability, making it clear that Bitcoin is as necessary now as it has ever been.', 'First they ignore you, then they laugh at you, then they fight you. And then you win.\nA mere 15 years after the fallout from the Global Financial Crisis inspired thecreation of Bitcoin, a new yet eerily familiar crisis in the world of traditional banking is reminding us that the financial system is more fragile than many would like to believe.\nThe introduction of Bitcoin is shrouded in mystique — thanks in part to the anonymity of creator Satoshi Nakamoto — but its creation was a logical reaction to the events of the 2008 financial crisis. What we do know: The first appearance of Bitcoin came just two months after Lehman Brothers filed for bankruptcy.\nThe failure of major financial institutions, ranging from investment banks like Bear Stearns and Lehman Brothers to main street banks like Washington Mutual, shook people’s faith in the banking system. This loss of trust led to the advent of Bitcoin, creating thefirst decentralized peer-to-peer financial system, doing away with the need to place trust in third parties and intermediaries. This was a revolutionary development that allowed people to “be their own bank” and put individuals on a level playing field with banks for the first time. Rather than being asked to trust a centralized intermediary like a bank with their money, Bitcoin was trustless and allowed people to instead verify in its open-source code.\nBetween the Great Financial Crisis and the current banking crisis, Bitcoin also served as a safety valve during the Cyprus banking crisis of 2013, which spread uncertainty throughout Europe. This unease led European citizens to diversify out of euros and Russian rubles into Bitcoin, driving Bitcoin fromUS$93 to a then-all-time high of US$265over the course of two months and making many people who were simply concerned about the safety of their savings into early adopters of Bitcoin. Market maker Cumberland notes that the Cypriot crisis preceded the current debacle by exactly a decade, tweeting: “Ten years ago this week, there was a bank run in Cyprus, where ATMs were emptied and vaults were depleted. This event triggered the largest-ever rally (in percentage terms) in BTC… This weekend, ETH and other cryptoassets joined BTC’s strong performance in the face of banking turmoil. History doesn’t always repeat itself, but it often rhymes.”\nSince that time, Bitcoin has grown from an idea on a mailing list to a US$500 billion asset utilized by millions of people all over the world for a wide variety of purposes. Bitcoin and the cryptocurrency asset class that it helped to create have come a long way. But recent events show that the majority of people still have a long way to go when it comes to safeguarding themselves against the risks posed by the current financial system.\nIn early March, traditional markets were rattled by news that Silicon Valley Bank collapsed. SVB was thesixteenth-largest bankin the United States with over US$200 billion in assets as of Dec. 31, 2022, making this thesecond-largest bank failure in U.S. historyand the largest since thecollapse of Washington Mutual in 2008.\nRumors of trouble began circulating late Wednesday, March 8 when SVB’s CEO said that the bank would be “rebalancing” its balance sheet by selling treasuries and raising new equity in the company. This, coupled with a downgrade of the bank’s debt by rating agency Moody’s, caused what can best be described as a death spiral or self-fulfilled prophecy. According to the Wall Street Journal, on Thursday, March 9, panicked customers tried to withdraw US$42 billion, giving the bank a negative cash balance of US$1 billion, leaving the bank unable to cover its outgoing payments at the Federal Reserve. Shares of SVB’s stock fell 60% that day, causing more panic and more withdrawals as some venture capitalists urged their portfolio companies to pull their money from the bank. By Friday, March 10, regulators had shut the California-based bank down and the Federal Deposit Insurance Company had taken over.\nHow did this happen? The tech-focused bank served many startups and VCs in the tech and biotech sectors, placing an outsized focus on these types of businesses. It saw a huge influx of capital during the years surrounding Covid-19 and the influx of financial liquidity that came with it. The bank invested much of this capital into U.S. Treasury bonds and other safe instruments like mortgage-backed securities. However, the Federal Reserve’s fast and furious cadence of interest rate hikes hit Silicon Valley Bank in two ways. The rising interest rate environment hurt tech companies, and many of Silicon Valley Bank’s customers needed to withdraw significant amounts of funds. Secondly, it diminished the value of SVB’s bond portfolio, which was invested at lower rates. New investment in tech and startups slowed down due to the tighter economic conditions, meaning new money wasn’t coming in quickly. SVB was forced to sell bonds before maturity at a loss to meet liquidity demands.\nThe fall of a large and established bank is startling for both its magnitude and the speed at which it happened. The fragility of a major, well-respected bank in the United States with over US$200 billion in assets should give everyone some pause. While there don’t seem to be any allegations of wrongdoing at this time, there does seem to have been poor risk management practices. At the very least, the Justice Department and Security and Exchange Commission are investigating the circumstances of the bank’s collapse. Alfonso Peccatiello of The Macro Compass explains that, with a US$120 billion bond portfolio and average duration of 5.6 years, every 10 bps move higher in interest rates caused SVB to lose US$700 million, and a 200 bps increase would cost US$14 billion, essentially wiping out all of the bank’s capital.\nMany startups and venture-backed firms expressed concern they would not be able to make their payroll the following week, and Y Combinator CEO Garry Tan described SVB’s collapse as an “extinction-level event” for the startup ecosystem.\nThat such a large and renowned bank could enter a death spiral like this at breakneck speed is a reminder of the importance of diversification — and the risks associated with being at the mercy of a single point of failure. As one customer told the Wall Street Journal, “We are in a whole lot of trouble now. . . . we shouldn’t have had all our eggs in one basket.”\nWhile banks like SVB have FDIC insurance, this only insures up to US$250,000 per customer, which isn’t sufficient coverage for most businesses or for high-net-worth individuals. This collapse will therefore make many people reconsider keeping all of their assets in one bank. A customer with US$1 million may consider splitting this total between four different banks.\nThis is a useful starting point. Beyond diversification among banks, individuals may begin to consider diversifying towards financial institutions in other countries as well as diversifying into other currencies and asset classes, including Bitcoin and other cryptocurrencies.\nPart of the appeal of a truly decentralized asset like Bitcoin is that there is no “CEO of Bitcoin” — no management team is making judgment calls on interest rates that could imperil the entire network. As stated above, users don’t have to decide whether to trust a company or management team in order to allocate towards Bitcoin, they can instead verify (directly or by proxy) the open-source code that governs the Bitcoin network. Additionally, anyone can view any transaction ever made on the Bitcoin blockchain, giving the network incredible transparency. Cathie Wood, founder and CIO of Ark Invest, pointed out that the current banking crisiswouldn’t have been possiblein “the decentralized, transparent, auditable and overcollateralized crypto asset ecosystem.”\nIs Bitcoin one of the winners amidst the current banking turmoil? Many people seem to think so, and they are voting with their wallets. Since the crisis first erupted on March 8, theprice of Bitcoin has been surging. While Bitcoin initially briefly fell to under US$20,000 on March 9 amidst the wider market panic, it has since soared to above US$28,000, for a gain of about 40% in just under two weeks at a time when the broader financial market is jittery.\nBitcoin is now up nearly 70% year to date barely a quarter of the way into 2023, surpassing the gains of the S&P 500 and the Nasdaq, which are up 3.8% and 13.8% year to date, respectively. Nik Bhatia and Joe Consorti of the Bitcoin Layer newsletter write that “The [Federal Reserve’s] aggressive rate hikes and balance sheet reduction have caused a historic bank failure —fashioning a real-time ad for bitcoin self-custody.” Market maker Cumberland tweeted that “When traders are unsure about crypto prices, they flee to stables and bank deposits. When they are unsure about stables and bank deposits?It’s crypto’s time to shine, and BTC and ETH rallied 14% and 15% respectively over the weekend amidst uncertainty in the banking sector.”\nBeyond the throes of the current crisis, remember that, no matter where someone is keeping their dollars, they are currentlylosing 8%of their value on an annual basis due to inflation. With a maximum supply of 21 million and a monetary supply that is deflationary over time rather than inflationary, Bitcoin stands out in the current environment where central banks in the United States and around the world are printing more fiat currency than ever before.\nUltimately, the problems of the traditional, centralized financial system led to the Great Financial Crisis and catalyzed the rise of Bitcoin. Fifteen years later, the legacy system is plagued by the exact same problems while Bitcoin has expanded both in value and capability, making it clear that Bitcoin is as necessary now as it has ever been.', 'Bitcoin dipped in Friday morning trading in Asia, but held above US$28,000 after briefly breaking the US$29,000 mark on Thursday. Other top 10 non-stablecoin cryptocurrencies traded mixed as investors took some profits off the recent rally. BNB, the native token of the Binance exchange, led the winners despite the exchange facing a lawsuit by the Commodities Futures Trading Commission (CFTC) for allegedly offering its products to U.S. residents without a license. Binance has denied the allegation. U.S. equities gained Thursday on signs the banking turmoil was receding and economic readings pointed to a cooling economy, a signal the Federal Reserve may ease back on its interest rate hikes.\nSee related article:Hong Kong may license at least 8 crypto firms by year-end: former SFC regulator\n• Bitcoin dipped 0.40% to US$28,249 in the
**Last 60 Days of Bitcoin's Closing Prices:**
[22840.14, 23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-31
**Financial & Commodity Data:**
- Gold Closing Price: $1969.00
- Crude Oil Closing Price: $75.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $544,766,506,788
- Hash Rate: 328332326.2625294
- Transaction Count: 308386.0
- Unique Addresses: 732643.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Greenidge Restructures ~$76 Million of Secured Debt with NYDIG, Reducing Obligations to ~$17 Million , With Potential for Additional $10 Million Reduction Greenidge Restructures B. Riley $11 Million Promissory Note, Reducing Cash Obligations to ~$9 Million Enters into Hosting Agreements with NYDIG Affiliates With Gross Profit-Sharing Component to Allow Greenidge to Participate in Potential Bitcoin Price Appreciation Continues to Own ~10,000 Miners with a Capacity of ~1.1 EH/s Completes Sale of a Portion of Support.com for ~$3.0 Million Announces Selected Preliminary Fourth Quarter Financial Results FAIRFIELD, Conn. , Jan. 31, 2023 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge" or the "Company"), a vertically integrated cryptocurrency datacenter and power generation company, today provided an update on the restructuring of its secured debt agreements with NYDIG ABL LLC ("NYDIG") and B. Riley Commercial Capital, LLC ("B. Riley"), as well as the execution of hosting agreements with NYDIG affiliates and also announced selected preliminary financial and operating results for the fourth quarter of 2022. "The debt restructuring we've announced today significantly improves our balance sheet and provides us with a clear path forward as we enter 2023," said Dave Anderson , Chief Executive Officer of Greenidge. "We appreciate the steadfast partnership of our secured lenders, NYDIG and B. Riley, who have collaborated with us to offer mutually beneficial solutions. These agreements have effectively reduced our secured debt balances with these lenders from approximately $87 million to approximately $26 million and have the strong potential to allow us to further reduce our debt. "We are actively working to secure and develop a new mining site, in partnership with NYDIG, which will reduce our debt by an additional $10 million . We are also actively pursuing the sale of excess real estate at our site in Spartanburg, South Carolina , which is expected to reduce our debt with B. Riley by an additional $6 to $7 million ." "The completion of this debt restructuring, coupled with the execution of the new hosting agreements, has significantly improved our immediate liquidity and allows us to continue participating in the future upside potential of bitcoin ," Anderson added. "The steps being announced today represent tangible progress in solidifying Greenidge's liquidity position while, at the same time, demonstrating the confidence of our lenders in our ability to execute in the future," said Tim Fazio , Chairman of the Board of Greenidge. "We appreciate the strong work of our Leadership Team and the partnership of NYDIG and B. Riley." Story continues "I want to congratulate the management team and Atlas for successfully restructuring the balance sheet and operations of Greenidge to benefit all stakeholders. We believe the company is well positioned to opportunistically take advantage of disruptions in the crypto industry," said Bryant Riley , Chairman and Co-Chief Executive Officer of B. Riley Financial, Inc. KEY DETAILS Debt Restructuring Greenidge has restructured the secured debt with NYDIG of approximately $76 million , including accrued interest, reducing it to approximately $17 million , with the potential to reduce it to approximately $7 million , as follows: Entered into an amendment to the amended and restated bridge promissory note in favor of B. Riley ("Promissory Note") regarding approximately $11 million of debt, including accrued interest, which included the following terms: Hosting Agreements Greenidge entered into certain five-year hosting agreements with NYDIG affiliates to host the miners transferred to NYDIG Includes a profit-sharing component allowing Greenidge to participate in the upside as bitcoin prices rise, but reduces Greenidge's downside risk of bitcoin price deterioration and cost increases related to natural gas Covers all of Greenidge's current mining capacity at the New York and South Carolina facilities, and may also cover capacity at a potential third site pursuant to satisfaction of certain post-closing covenants Greenidge's liquidity is improved by NYDIG's prepayment of certain amounts Mining Operations Greenidge will continue to own approximately 10,000 miners with a capacity of approximately 1.1 EH/s NYDIG Agreements On January 30, 2023 , Greenidge entered into a number of agreements associated with its secured debt with NYDIG, including a Membership Interest and Asset Purchase Agreement, a Senior Secured Loan Agreement and a Debt Settlement Agreement regarding its 2021 and 2022 Master Equipment Finance Agreements with NYDIG. The effect of these agreements was to transfer ownership of bitcoin mining equipment and certain credits and coupons that had accrued to Greenidge for previous purchases of mining equipment with a bitcoin miner manufacturer. The transfer of these assets reduced the principal and accrued interest balance of the secured debt with NYDIG from approximately $76 million to approximately $17 million , for an aggregate debt reduction of approximately $59 million . The Senior Secured Loan Agreement allows for a voluntary prepayment of the loan in kind of approximately $10 million by transferring ownership of certain mining infrastructure assets if NYDIG enters into a binding agreement, facilitated by Greenidge, securing rights to a site for a future mining facility within the next three months (the "Post-Closing Covenant"), which may further reduce the principal balance of the debt to approximately $7 million . The restructuring of the NYDIG debt will significantly improve Greenidge's liquidity during 2023 as annual interest payments on the remaining approximately $17 million principal balance would be approximately $2.6 million and may be reduced to approximately $1.1 million annually if the Post-Closing Covenant is satisfied. This reduced debt service is substantially lower than the $62.7 million of principal and interest payments which would have been required in 2023 pursuant to the 2021 and 2022 Master Equipment Finance Agreements, both of which have now been refinanced. Greenidge provided additional collateral on its remaining mining-related assets, infrastructure assets, equity of its subsidiaries and certain cash balances to secure the remaining debt balance with NYDIG. The loan agreement contains certain affirmative, negative and financial covenants, including the maintenance of a minimum cash balance of $10 million , early amortization events, and events of default. Greenidge and NYDIG affiliates have concurrently entered into certain five-year hosting agreements, whereby Greenidge agreed to host, power and provide technical support services, and other related services, to NYDIG Affiliates' mining equipment at certain Greenidge facilities. The terms of such arrangements requires NYDIG affiliates to pay a hosting fee that covers the cost of power and direct costs associated with management of the mining facilities, as well as a gross profit-sharing arrangement. B. Riley Amendment On January 30, 2023 , Greenidge entered into an amendment (the "Amendment") to its amended and restated bridge promissory note in favor of B. Riley (the "Promissory Note") regarding approximately $11 million of principal and accrued interest. The Amendment modifies the payment dates and principal and interest payment amounts, requiring no principal or interest payments until June 2023 and monthly payments thereafter through November 2023 . Under the Amendment, Greenidge's mandatory monthly debt repayments from proceeds of sales under the ATM Agreement or the equity purchase agreement have been reduced to 15% of the net proceeds, which significantly improves the Company's ability to raise additional liquidity. In addition, Greenidge would potentially reduce its monthly principal amortization payments from approximately $1.5 million to $400,000 per month, if it were to pay at least $6 million of principal debt prior to June 20, 2023 . Greenidge agreed to pay a $1 million dollar amendment fee to B. Riley payable in Greenidge's class A common stock valued at $0.75 per share. Under the terms of the Amendment, it was agreed that each of B. Riley and an affiliate of Atlas Holding LLC would purchase $1 million of Greenidge's class A common stock under the ATM Agreement. B. Riley will purchase stock on a principal basis at a price of $0.75 per share pursuant to the ATM Agreement and an affiliate of Atlas Holdings LLC will purchase shares at market prices through B. Riley acting in its capacity as sales agent under the ATM Agreement. Greenidge would be required to make a $1.9 million partial payment of the Promissory Note, reducing the principal balance due under the Promissory Note to approximately $9 million . Additionally, Greenidge is actively pursuing the sale of excess real estate that is not needed for the mining operations at its South Carolina property. Under the terms of the Promissory Note, if all or a portion of the South Carolina property is sold, the net proceeds from the sale are required to be used to repay the Promissory Note. The Company estimates that it would repay approximately $6 to $7 million of the Promissory Note if it were to complete a sale of the excess real estate. Support.com Asset Sale On January 17, 2023 , Greenidge completed the sale of an end-user software that its subsidiary, Support.com, marketed as a malware protection and removal software product for net proceeds of approximately $2.6 million . Select Preliminary Financial Results for the Fourth Quarter of 2022 For the three months ended December 31, 2022 , Greenidge expects to report revenue of approximately $15 million , net loss from continuing operations in a range of approximately $(120) million to approximately $(130) million and Adjusted EBITDA (loss) from continuing operations in a range of approximately $(6) million to approximately $(4) million . The GAAP net loss from continuing operations includes an expected noncash charge for the impairment of long-lived assets in the range of $93 million to $100 million and an approximate noncash charge of $4 million for the remeasurement of environmental liabilities. Cryptocurrency datacenter revenue is expected to be approximately $12 million and Power and capacity revenue is expected to be approximately $3 million for the fourth quarter of 2022. Greenidge produced approximately 683 bitcoin during the fourth quarter of 2022. Greenidge ended the quarter with approximately $16 million of cash and fair value of crypto currency holdings, of which less than $1 million was cryptocurrency holdings, and approximately $152 million of debt, net of debt issue costs. As previously disclosed, Greenidge is considering various alternatives in connection with its wholly owned subsidiary, Support.com, including the disposition of assets and other transactions. For investors who may want to consider the effects of the above noted changes in advance of the announcement of 2022 year-end results, Greenidge is furnishing certain unaudited summarized financial information in the tables below. Greenidge will report the results of Support.com as discontinued operations in its Annual Report on Form 10-K for the year ended December 31 , 2022. Presentation as discontinued operations requires prior periods to be restated to be comparable. See the tables below for the Consolidated Statement of Operations restated to present Support.com as discontinued operations for the year ended December 31, 2021 and for the three month periods ended March 31, 2022 , June 30, 2022 , and September 30, 2022 . During January 2023 , Greenidge sold certain assets of the Support.com business for net proceeds of approximately $2.6 million and continues to assess various alternatives in connection with the remainder of that business. This information does not restate Greenidge's previously reported consolidated financial statements for any period. It does not change Greenidge's previously reported consolidated total assets, liabilities or stockholders' equity or its reported consolidated net income or earnings per share, nor does it reflect any subsequent information or events, other than as required to reflect the disclosure of discontinued operations as described above. The updated information should be read in conjunction with our previously filed reports on Form 10-K and Form 10-Q. Preliminary Financial and Operating Results The preliminary financial and operating results set forth above for the three months ended December 31 , 2022, reflect preliminary estimates with respect to such results based solely on currently available information, which is subject to change. Readers are cautioned not to place undue reliance on such preliminary results which are unaudited and constitute forward-looking statements. Greenidge has not completed its standard closing process, including the completion of all of its controls procedures, which could identify adjustments causing the actual results to be different from the expectations presented in this release. These estimates should not be viewed as a substitute for Greenidge's full quarterly financial statements for the three months ended December 31 , 2022, which will be prepared in accordance with U.S. GAAP. About Greenidge Generation Holdings Inc. Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated cryptocurrency datacenter and power generation company. Forward-Looking Statements This press release includes certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve uncertainties that could significantly affect Greenidge's financial or operating results. These forward-looking statements may be identified by terms such as "anticipate," "believe," "continue," "foresee," "expect," "intend," "plan," "may," "will," "would," "could," and "should," and the negative of these terms or other similar expressions. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Forward-looking statements in this press release include, among other things, statements regarding the business plan, business strategy and operations of Greenidge in the future. In addition, all statements that address operating performance and future performance, events or developments that are expected or anticipated to occur in the future, such as statements concerning (i) potential reductions in debt balances under the Senior Secured Loan Agreement dated as of January 30, 2023 with NYDIG, (ii) potential reductions in debt balances under the Promissory Note, (iii) ability to secure rights to a mining site to satisfactorily meet the requirements of the Post-Closing Covenant, and (iv) ability to sell excess real estate in South Carolina at an adequate amount prior to June 20, 2023 , are forward looking statements. Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Matters and factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to the matters and factors described in Part I, Item 1A. "Risk Factors" of Greenidge's Annual Report on Form 10-K for the year ended December 31, 2021 , in Part II, Item 1A. "Risk Factors" of Greenidge's Quarterly Report on Form 10-Q for the period ended September 30, 2022 , and its other filings with the Securities and Exchange Commission, as well as statements about or relating to or otherwise affected by the completion of management's final review of the financial results and Greenidge's other closing procedures. Consequently, all of the forward-looking statements made in this press release are qualified by the information contained under this caption. No assurance can be given that these are all of the factors that could cause actual results to vary materially from the forward-looking statements in this press release. You should not put undue reliance on forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, the actual results, performance, or achievements of Greenidge could differ materially from the results expressed in, or implied by, any forward-looking statements. All forward-looking statements speak only as of the date of this press release and Greenidge does not assume any duty to update or revise any forward-looking statements included in this press release, whether as a result of new information, the occurrence of future events, uncertainties or otherwise, after the date of this press release. Use of Non-GAAP Information To provide investors and others with additional information regarding Greenidge's financial results, Greenidge has disclosed in this Press Release certain non-GAAP operating performance measures of Adjusted EBITDA (loss) from continuing operations. Adjusted EBITDA (loss) from continuing operations is defined as earnings from continuing operations before interest, taxes and depreciation and amortization, which is then adjusted for stock-based compensation and other special items determined by management, including, but not limited to costs associated with the merger with Support. com , costs of becoming a public company (which included the costs of a corporate reorganization from an LLC, public registration of shares and associated costs), business expansion costs, impairments of goodwill and long-lived assets, gains or losses from the sales of long-lived assets and remeasurement of environmental liabilities. These non-GAAP financial measures are a supplement to and not a substitute for or superior to, Greenidge's results presented in accordance with U.S. GAAP. The non-GAAP financial measures presented by Greenidge may be different from non-GAAP financial measures presented by other companies. Specifically, Greenidge believes the non-GAAP information provides useful measures to investors regarding Greenidge's financial performance by excluding certain costs and expenses that Greenidge believes are not indicative of its core operating results. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for results or guidance prepared and presented in accordance with U.S. GAAP. A reconciliation of the non-GAAP financial measures to U.S. GAAP results is included herein. Because of these limitations, EBITDA from continuing operations and Adjusted EBITDA from continuing operations should not be considered in isolation or as a substitute for performance measures calculated in accordance with GAAP. Greenidge compensates for these limitations by relying primarily on its GAAP results and using EBITDA and Adjusted EBITDA on a supplemental basis. You should review the reconciliation of net loss from continuing operations to EBITDA (loss) from continuing operations and Adjusted EBITDA (loss) from continuing operations below and not rely on any single financial measure to evaluate Greenidge's business. The following table reconciles the expected ranges of net loss from continuing operations to the expected ranges of EBITDA from continuing operations and Adjusted EBITDA from continuing operations for the three months ended December 31, 2022 (in millions, unaudited): Amounts denoted in millions Fourth Quarter 2022 Low High Net loss from continuing operations $(120) $(130) Provision for income taxes Interest expense, net 5 5 Depreciation and amortization 13 13 EBITDA (loss) from continuing operations $(102) $(112) Stock-based compensation 2 2 Impairment of long-lived assets 93 100 Remeasurement of environmental liabilities 4 4 Gain on sales of assets, net (2) (2) Other 1 2 Adjusted EBITDA (loss) from continuing operations $ (4) $ (6) The following table provides the Consolidated Balance Sheets restated to present Support.com as discontinued operations as of September 30, 2022 and December 31, 2021 . GREENIDGE GENERATION HOLDINGS INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) September 30, 2022 December 31, 2021 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 28,013 $ 82,599 Restricted Cash 10,500 Short term investments 496 Digital assets 337 476 Accounts receivable 277 237 Prepaid expenses 8,317 7,484 Emissions and carbon offset credits 1,259 2,361 Current assets held for sale 5,804 6,949 Total current assets 54,507 100,602 LONG-TERM ASSETS: Property and equipment, net 245,272 216,012 Right-of-use assets 222 1,472 Deferred tax asset 15,058 Other long-term assets 356 181 Long-term assets held for sale 6,990 7,942 Total assets $ 307,347 $ 341,267 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 3,822 $ 5,749 Accrued emissions expense 5,226 2,634 Accrued expenses 11,794 6,683 Income taxes payable 2,344 Notes payable, current portion 73,218 19,577 Lease obligations, current portion 112 736 Current liabilities held for sale 4,193 4,003 Total current liabilities 98,365 41,726 LONG-TERM LIABILITIES: Notes payable, net of current portion 96,515 75,251 Lease obligations, net of current portion 137 193 Environmental liability 22,415 11,306 Long-term liabilities held for sale 219 368 Total liabilities 217,651 128,844 STOCKHOLDERS' EQUITY: Preferred stock, par value $0.0001, 20,000,000 shares authorized, none outstanding Common stock, par value $0.0001, 3,000,000,000 shares authorized, 42,964,462 and 40,865,336 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 4 4 Additional paid-in capital 290,576 281,815 Accumulated deficit (200,884) (69,396) Total stockholders' equity 89,696 212,423 Total liabilities and stockholders' equity $ 307,347 $ 341,267 The following table provides the Consolidated Statements of Operations restated to present Support.com as discontinued operations for the year ended December 31, 2021 and for the three month periods ended March 31, 2022 , June 30, 2022 , and September 301, 2022. GREENIDGE GENERATION HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Amounts denoted in thousands Three Months Ended: Twelve Months Ended: March 31, 2022 June 30, 2022 September 30, 2022 December 31, 2021 Revenue: Cryptocurrency datacenter $ 23,232 $ 20,067 $ 18,272 $ 87,897 Power and capacity 5,923 2,859 3,613 9,428 Total revenue 29,155 22,926 21,885 97,325 Operating costs and expenses: Cost of revenue - cryptocurrency datacenter (exclusive of depreciation and amortization) 8,456 11,664 14,675 19,159 Cost of revenue - power and capacity (exclusive of depreciation and amortization) 4,023 3,172 3,760 9,231 Selling, general and administrative 11,809 8,291 7,789 23,989 Depreciation and amortization 3,653 4,537 13,511 8,474 Impairment of long-lived assets 71,500 Remeasurement of environmental liability 11,109 3,688 Total operating costs and expenses 27,941 110,273 39,735 64,541 Income (loss) from operations 1,214 (87,347) (17,850) 32,784 Other income (expense), net: Interest expense, net (3,353) (6,910) (5,430) (3,689) Interest expense - related party (22) (Loss) gain on sale of digital assets (5) (10) 275 Gain (loss) on sale of assets 629 (759) Other income, net 16 22 126 153 Total other expense, net (3,342) (6,269) (6,063) (3,283) (Loss) income from continuing operations before taxes (2,128) (93,616) (23,913) 29,501 (Benefit) provision for income taxes (381) 15,419 370 Net (loss) income from continuing operations (1,747) (109,035) (23,913) 29,131 Income (loss) from discontinued operations, net of tax 1,318 1,153 736 (73,611) Net loss $ (429) $ (107,882) $ (23,177) $ (44,480) (Loss) earnings per basic share: (Loss) earnings per basic share from continuing operations $ (0.04) $ (2.64) $ (0.57) $ 0.89 Earnings (loss) per basic share from discontinued operations 0.03 0.03 0.02 (2.30) (Loss) earnings per basic share $ (0.01) $ (2.61) $ (0.55) $ (1.41) (Loss) earnings per diluted share: (Loss) earnings per diluted share from continuing operations $ (0.04) $ (2.64) $ (0.57) $ 0.78 Earnings (loss) per diluted share from discontinued operations 0.03 0.03 0.02 (2.01) (Loss) earnings per diluted share $ (0.01) $ (2.61) $ (0.55) $ (1.23) Average Shares Outstanding Basic 41,058 41,555 42,239 31,995 Diluted 41,058 41,555 42,239 36,635 For further information, please contact: Investor Relations [email protected] Media Inquiries [email protected] Cision View original content: https://www.prnewswire.com/news-releases/greenidge-generation-restructures-and-significantly-reduces-secured-debt-301734108.html SOURCE Greenidge Generation Holdings Inc. 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- Reddit Posts (Sample): [['u/OldLack7618', "The Bitcoin Economy - No One is Talking About Bitcoin's Biggest Problem!", 21, '2023-03-31 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1271xn2/the_bitcoin_economy_no_one_is_talking_about/', "# The Bitcoin Economy\n\nBitcoin's disinflationary model may have the potential to create an economy where goods and services become increasingly affordable. Competition among businesses will skyrocket, and a focus on delivering services to consumers a priority. Bitcoin's deflationary model ensures that everything naturally decreases in value compared to Bitcoin over time, contrast to every other inflationary currency, including FIAT & gold.\n\nThis singularity blackhole-like effect will lead to a Bitcoin economy. Where people are less likely to spend and more likely to save, driving businesses to compete for the most productive/desirable products and services. This competition ensures higher quality goods, better decision-making, and compounding lower prices. Even governments will be forced to act in the best interest of the consumer, forced into an endless quest of finding productive means to continuously earn Bitcoin if they hope to remain in power.\n\n# The Problem\n\nIt is important to note that while Bitcoin is overall disinflationary, it still undergoes inflationary periods due to its current mining reward subsidy schedule. Bitcoin's rate of inflation slows over time through its halving cycles, but it is still technically inflationary until all remaining Bitcoin have been mined over the next 120 years.\n\nFor the Bitcoin economy to succeed as described, Bitcoin needs to transition from its current inflationary model to its deflationary end-state without failure. Without this transition, Bitcoin risks losing its most valuable quality; the promise of true digital scarcity.\n\nBitcoin's security model relies on its mining network, where the higher total mining hash-rate performed through honest miners, the higher entry cost barrier for bad actors to be able to perform attacks. This security model is currently sustained through the built-in incentive mechanism allowing miners to earn Bitcoin as a reward for contributing to the total hash-rate. However, once all Bitcoin have been mined, the only reward will be transaction fees. The question is; will these fees be sufficient to incentivize miners to maintain the network's security long-term?\n\nIn light of this concern, it is crucial to explore potential solutions to ensure a smooth transition from the current inflationary model to a truly deflationary one, while maintaining the security and integrity of the network.\n\n# Will Bitcoin Succeed?\n\nA few years ago, there was an article written on this topic by Dan Held called [Bitcoin's Security is Fine](https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8).\n\nThe article outlines a forecasted transaction fee model predicting that fees would increase over time. The purpose of this was to display a potential reduced need for mining more Bitcoin to reward miners sufficiently, and that transaction fees would suffice over time. The chart used in the article was created by [Awe\\_andWonder](https://twitter.com/Awe_andWonder), but the Twitter account has since been removed.\n\n[Awe\\_andWonder's chart forecasting tx fees to increase over time.](https://preview.redd.it/xq7gkhoq2yqa1.png?width=720&format=png&auto=webp&v=enabled&s=a7980fef8ebdc8304b295764b93ae56d491888d1)\n\nIf you are like me, you will notice that this is a forecasted assumption made in 2019, and not something that is guaranteed. Upon seeing this chart, I wondered how it looks today in 2023. Thanks to CoinMarketCap's recently released [Deep Dive video](https://youtu.be/8si1gB8siTA) on the topic, I was able to find this information.\n\n[Recreation of Crossover Point. We can see fees are not going up as anticipated.](https://preview.redd.it/smp4agxy3yqa1.png?width=1356&format=png&auto=webp&v=enabled&s=af55a04d1d2e2c76ebacc2778da7aa2a266d5712)\n\nAs of 2023, we can see that fees are not moving as originally forecasted, and are in fact lower than they have been since 2011 even though adoption has been growing consistently so far. Lower transaction fees are beneficial for making Bitcoin transactions more scalable. However, this lowering of fees pose a potential threat to Bitcoin's security model. If fees are not sufficient to reward miners, they may have to shut down their equipment due to costs of business. This could lead to lower hash rates from honest miners and a decrease in mining difficulty scaling. This could make it more cost-effective for opportunistic bad actors to attempt 51% attacks.\n\nFurthermore, the way Bitcoin's halving cycles work may inherently be flawed. As fewer Bitcoin are available to reward miners, a gradual decrease in number of willing mining participants could occur over time. This issue may be resolved naturally if Bitcoin's price roughly doubles every four years to compensate, but it's difficult to guarantee this level of adoption. It's essential to have consistent increasing demand and adoption over time to avoid a potential collapse through this potential security flaw. It is worth noting, that there may be some leeway in the required adoption rate going forward, as it is difficult to identify the base price which exponential doubling must begin. If this is in fact a legitimate issue, we may still have plenty of time before this issue presents any real harm.\n\n# Solutions?\n\nI've been struggling to find good resources with answers or solutions to this particular Bitcoin problem. That's why I'm creating this thread - I need help. I also want to bring attention to this issue, because I've hardly seen anyone discussing it openly, even though it could be a significant flaw.\n\nThe question we must ask is whether we're buying into a currency and story claiming inevitable success, when in fact, failure may be over the horizon. Currently, Bitcoin relies on inflation to function. Could it simply be impossible to create a truly deflationary currency that could work within the laws of physics in our reality? Perhaps there's a reason why true deflationary value has never existed before Bitcoin. I'm eager to find out more.\n\nI've noticed a lot of uncertainty regarding this topic within the Bitcoin community. Most other Bitcoin concerns have clear answers and solutions, but this one doesn't as far as I can find. Here are a few ideas I have come across so far:\n\n1. The Crossover Point chart might just be experiencing a setback and could recover at some point allowing transaction fees to increase over time as expected. I haven't found a way to prove this.\n2. The Lightning network could potentially help with this issue, as continuous adoption seems to be key to this issue. However, this solution has its own drawbacks, and it's unclear whether it can really solve the problem. See videos by [CoinMarketCap](https://www.youtube.com/watch?v=8si1gB8siTA&t=806s&ab_channel=CoinMarketCap) or [Till Musshoff](https://www.youtube.com/watch?v=8GUFpBr1mwA&t=68s&ab_channel=TillMusshoff) for info on this.\n3. Merged mining is another option, but I don't fully understand it. From what I've read, it may not be a certain solution, only a potential one. It involves Bitcoin mining simultaneously with other cryptocurrencies, but the value of those coins needs to be retained for this to work over the long-term. The two videos I mentioned earlier also mention this topic.\n4. One of my theories is that Bitcoin's natural adoption over the next 120 years, leading up to the final Bitcoin being mined, will increase the network's value enough that the problem will eventually disappear. As technology advances, computing and energy costs may decrease to the point where hashing is nearly free, and everyone naturally contributes to the network through various means. However, this raises concerns in bad actors having access to the same advancements and low costs creating a zero-sum game. There are other challenges to this idea as well which I may not be able to foresee.\n\n# My Potential Solution\n\nBitcoin's current design flaw is that it is finite in its divisibility, each bitcoin only divisible by 100 million satoshis. This means that eventually all bitcoin will be mined, and miners will only be incentivized by transaction fees which may not suffice as recognized earlier. To solve this issue, my proposed solution is to increase the level of divisibility by regularly updating bitcoin to add decimal points to the amount of satoshis per bitcoin.\n\nThis change would make Bitcoin permanently disinflationary rather than becoming deflationary by allowing the protocol to run out of satoshis to mine. As the level of divisibility increases, miners would be able to continuously mine smaller and smaller fractions of bitcoin as the supply of satoshis within each bitcoin inflate in supply. Coupled with Bitcoin's potential for exponential growth, the logarithmic behavior of increasing bitcoin divisibility like this could create a stable and sustainable mining incentive model.\n\nBy increasing the level of divisibility in this manner, the supply of bitcoin would not be affected, and bitcoin would remain capped at 21 million, thus not impacting its price. This would provide a sustainable model for miners to continue earning rewards for mining, as opposed to relying solely on transaction fees.\n\nThis proposed solution requires feedback and input from the community to be implemented effectively. However, the potential benefits of this solution include a sustainable mining model and a stable and disinflationary Bitcoin ecosystem.\n\nPotential issues:\n\n1. This idea is subject to further review at this time, as my understanding of it alone likely isn't good enough.\n2. I am unaware if there are any drawbacks to adding zeroes to the Satoshi count. (Increasing Each Bitcoin total Divisibility).\n\n# Conclusion\n\nUpon closer examination, it seems that there is one key issue with Bitcoin that warrants further discussion; the security subsidy schedule problem. While Bitcoin has been touted as being backed by mathematics, the lack of clarity around the mining reward subsidy model raises concerns about Bitcoin's long-term viability as it currently stands. To address this issue, I propose increasing the level of divisibility in Bitcoin by regularly adding decimal points to the amount of satoshis per Bitcoin. This would enable miners to continue mining smaller fractions of Bitcoin and ensure that the coin remains capped at 21 million, without impacting its price.\n\nI am eager to engage with the community and learn more about how this issue can be resolved. Is there a natural solution, or will developers and Bitcoiners need to work together to implement code changes and forks? While this issue has caused me to stumble, I am not completely convinced against Bitcoin, and will continue to invest through dollar-cost averaging. Perhaps the existence of potential solutions means that one will inevitably emerge to save the day. By working together and exploring new solutions, my hope is to ensure the long-term success of Bitcoin.\n\nThank you.\n\n# Additional Information & Resources\n\n[https://www.youtube.com/watch?v=8si1gB8siTA&t=806s&ab\\_channel=CoinMarketCap](https://www.youtube.com/watch?v=8si1gB8siTA&t=806s&ab_channel=CoinMarketCap)\n\n[https://www.youtube.com/watch?v=8GUFpBr1mwA&t=68s&ab\\_channel=TillMusshoff](https://www.youtube.com/watch?v=8GUFpBr1mwA&t=68s&ab_channel=TillMusshoff)\n\n[https://www.youtube.com/watch?v=FYhNNSLWX4g&t=1s&ab\\_channel=TraderUniversity](https://www.youtube.com/watch?v=FYhNNSLWX4g&t=1s&ab_channel=TraderUniversity)\n\n[https://joekelly100.medium.com/how-to-kill-bitcoin-part-1-is-bitcoin-unstoppable-code-7a1b366f65ee](https://joekelly100.medium.com/how-to-kill-bitcoin-part-1-is-bitcoin-unstoppable-code-7a1b366f65ee)\n\n[https://joekelly100.medium.com/on-bitcoins-fee-based-security-model-part-1-beware-the-turkey-fallacy-4285e18d41ea](https://joekelly100.medium.com/on-bitcoins-fee-based-security-model-part-1-beware-the-turkey-fallacy-4285e18d41ea)\n\n[https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8](https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8)", 'https://www.reddit.com/r/Bitcoin/comments/1271xn2/the_bitcoin_economy_no_one_is_talking_about/', '1271xn2', [['u/NixPhenom', 29, '2023-03-31 01:11', 'https://www.reddit.com/r/Bitcoin/comments/1271xn2/the_bitcoin_economy_no_one_is_talking_about/jec7e77/', "Bitcoin is deflationary as soon is the supply of goods and services is increasing faster than bitcoin's supply.", '1271xn2'], ['u/ElderBlade', 17, '2023-03-31 01:27', 'https://www.reddit.com/r/Bitcoin/comments/1271xn2/the_bitcoin_economy_no_one_is_talking_about/jec9isg/', "This was quite a lengthy post and I had difficulty discerning what it is you think is the problem. I spotted this though:\n\n>As we can see, fees are not moving as originally forecasted, but rather are lower now than ever before. As much as I like the idea of having lower transaction fees to make transacting with bitcoin more scalable, lowering fees create a potential threat to Bitcoin's security model. If fees are not sufficient in rewarding miners, they will have to shut down their equipment lowering hash-rates. This has the effect of lowering Bitcoin's protection from 51% attacks, and could compromise the integrity of the network.\n\n>In addition to the potential problem with fees, it makes me wonder if the way the way Bitcoin's Halving cycles work, will gradually lower willing mining participants as there are less and less Bitcoin to be mined to reward miners. I can see this one being solved so long as Bitcoin's price doubles every 4 years to compensate. However, it is fairly difficult to assume we can guarantee price will double every 4 years. It seems like we rely on consistent increasing demand and adoption over time, otherwise potential collapse through this potential security flaw.\n\nFees are a free market, and they likely lowered from improvements in the protocol starting with Segwit upgrades circa 2017. Eventually fees will go up as demand for layer 1 transactions increase. \n\nRegarding hash rate, the piece you're missing is the difficulty adjustment. It's the reason why the price doesn't need to double every 4 years to keep the network secure. The difficulty adjustment is an automatic network algorithm that increases or decreases the difficulty to mine a block based on the average block time over 2,016 blocks, which is roughly 2 weeks. So if miners leave and the hash rate goes down, it will take longer than 10 minutes on average to mine a block. After two weeks, the difficulty adjustment lowers the difficulty making it profitable for any miners that are still in the network, and it entices new miners to join. It ensures an equilibrium between price, energy cost, and hash power. So there's no security flaw here - it works exactly like it's suppose to and highlights the ingenious of the difficulty adjustment. \n\n>Bitcoin currently being inflationary is why it is able to work the way it works right now. Is a truly deflationary currency simply not possible within the laws of physics of our reality? Perhaps there is a reason why true deflationary value has ever existed before Bitcoin. I need to know.\n\nBitcoin is not inflationary. It is disinflationary because it's supply schedule is predictably decreases over time.\n\nA deflationary currency was not possible until bitcoin, correct. Bitcoin is the first asset in human history to be perfectly scarce. \n\n>Perhaps it could become nearly free to contribute to the network hash rate one day. This comes with the added problem of bad actors also having access to the same low costs.\n\nIt should never be free to mine bitcoin. That is the point of proof of work. It ties the asset to real world energy and ensures all actors have incentive to act honestly. It's takes incredible energy to mine a block but costs almost nothing to verify the work. That is by design. \n\nOverall, I don't think you've presented a real, credible problem with bitcoin in your post.", '1271xn2']]], ['u/greg1I', '[WTB] DONATIONS FOR THIS SUB. TIME AND $ LIMITS. ACT FAST.', 45, '2023-03-31 03:35', 'https://www.reddit.com/r/Pmsforsale/comments/12760cb/wtb_donations_for_this_sub_time_and_limits_act/', "#lastedit: GOAL REACHED. ALL DONE. THANK YOU. \n. \n\n\n~~edit1: 40 mins and already 30% there. You guys rock.~~\n\n\n~~edit 2: 924pm cst. Been glued to phone. Taking a good 30min breather. BRB. Donations still open.~~\n\n~~edit 3: going to bed. 1020pm cst. We at 45%, which means we can stop now and I'll post again tomorrow. Leaving my pay info up if some people want to trickle in, but I'll post again tomorrow with updates.~~\n\n~~edit 4: 70% to goal. I'm awake. Doing kids and work. Will start meowing in a little. Thanks guys. Keep it coming. Little more to go.~~\n\n~~edit 5: Home stretch. 85% of goal in about exactly 12 hrs.... Most of which everyone was asleep~~\n \n\n-\n\n##PLEASE READ BELOW!\n\n-\n\nOK. So. This guy u/cancer-cheater takes care of the bot that protects this sub. It doesn't work for free (damn robot overlords) AND he wants to get some new bells and whistles for her. \n\nLast time I asked for donations, you guys were awesome, but I got overwhelmed quick. With that said, I'm going to make it easier this time. \n\n1) I'm going to limit it to zelle, venmo, and crypto so I'm not having to track too much. \n\n2) I'm going to just post my pay info here so I don't have to reply to 100 different people with it. \n\n3) I'm going to leave the donations window open for a short time (I don't think it will take long) and cut it off once it's reached a certain goal. \n\n##We do not need much!! \n\nSo every little $5 dink and dunk matters. For the ballers out there, I appreciate yall could probably cap me out in one swoop, but I like to give everyone a chance to contribute, so please let's keep individual donations under $50 or we'd max out too quick. \n\nLastly. Thank you! With that said. I can't (as in im too lazy) keep track of each individual and then reply back and all that. So, again, thank you here and now. \n\nIf this needs to be said, fine. Obviously, I will show the mods any info they need to see and I will be sending 100% of the money to CC right away. \n\nSuper thanks and below is info:\n\nZelle = \n\nVenmo = \n\nBTC = 1McZQnpao4jmdJzWKgoY2ERbadhYpZ6Rsp \n\nETH = 0x600c35e76e99133f2517D34cABe27f10d6b6DA83\n\nXRP = rMcZQ8F2ohjmdJzWKgoYpNRb2d6YFZaR1F\n\nTime starts now. \n\n[proof Pic to trick the bot](https://imgur.com/a/1WtDlWt)", 'https://www.reddit.com/r/Pmsforsale/comments/12760cb/wtb_donations_for_this_sub_time_and_limits_act/', '12760cb', [['u/RSS24', 20, '2023-03-31 04:02', 'https://www.reddit.com/r/Pmsforsale/comments/12760cb/wtb_donations_for_this_sub_time_and_limits_act/jecu6m0/', "Can't even spell my fucking name right 😒", '12760cb'], ['u/HalfDeafYeller', 10, '2023-03-31 04:14', 'https://www.reddit.com/r/Pmsforsale/comments/12760cb/wtb_donations_for_this_sub_time_and_limits_act/jecvt7j/', "u/rss28 shouldn't get any credit either!", '12760cb']]], ['u/AutoModerator', '[Daily Discussion] - Friday, March 31, 2023', 42, '2023-03-31 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/', '1279hs4', [['u/Frunknboinz', 11, '2023-03-31 06:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jedckqm/', 'Where you getting Big Macs for $0.10?', '1279hs4'], ['u/RabbitProofFences', 10, '2023-03-31 09:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jedprxd/', 'The inevitable on a weekly chart : https://www.tradingview.com/x/epJobOZN/\n\nTldr ; we now have a HH and HL, possible targets 34.1 and 46.5 if we stay above 28.2 and S/R is cleared.\n\nInvalidation if we lose 24.2\n\nNot trading but short from 28.3 with a tp at 27.5 looks easy', '1279hs4'], ['u/spinbarkit', 10, '2023-03-31 10:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jedst6v/', 'relonged my 10x ~27600 long @27700 now liq @20300.\n\nedit: https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdc9ocm?utm_medium=android_app&utm_source=share&context=3', '1279hs4'], ['u/NLNico', 13, '2023-03-31 11:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jedw108/', 'Eurozone March CPI **6.9% YoY** (preliminary) - (7.1% forecast - 8.5% previous.)', '1279hs4'], ['u/spinbarkit', 10, '2023-03-31 13:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jee9d7d/', 'right on! tell me lies honey!', '1279hs4'], ['u/imissusenet', 16, '2023-03-31 14:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeeh67n/', 'Broken Clock Alert\n\nCramer just now on Squawk Box: "Bitcoin is being adopted all of the world, and we\'re \\[ SEC, CFTC\\] fighting it. We need to figure out why." Warren (Harpy-MA) is coming on in the next hour.', '1279hs4'], ['u/BootyPoppinPanda', 12, '2023-03-31 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeejb11/', '"Criminals, drugs, think of the children! And native Americans like me!"', '1279hs4'], ['u/zberg69420', 10, '2023-03-31 15:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeek6nr/', 'Dont you put any voodoo on us Jim Cramer! You stay in the lane of "BTC to zero!" and we can go back to our normal relationship of us making money and you with the dunce cap', '1279hs4'], ['u/zberg69420', 10, '2023-03-31 15:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeekho9/', 'Did our man from yesterday close his short or have a SL? Im sure he\'s not underwater too badly as its basically flat, but the "25k in the next 4 hours" didn\'t seem to materialize.', '1279hs4'], ['u/Zaroco_', 13, '2023-03-31 15:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeenaj7/', 'Yes', '1279hs4'], ['u/Galactic777', 10, '2023-03-31 16:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeetutj/', '28500 we meet again', '1279hs4'], ['u/cryptobaseline', 17, '2023-03-31 16:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeexoz3/', 'I hearby declare the start of the bullrun', '1279hs4'], ['u/AccidentalArbitrage', 18, '2023-03-31 17:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jef4ybk/', '>got stopped out, going to sit on the sidelines for a bit\n\nMate, you only made it 21 minutes?', '1279hs4'], ['u/jpdoctor', 13, '2023-03-31 17:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jef7iqa/', "My 2 sats: Just buy it, then don't look at it until you have dry powder for more corn.", '1279hs4'], ['u/xtal_00', 10, '2023-03-31 19:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jefiza0/', 'Closed out long.\n\nLooking for a entry below 28000 .. somewhere. Best to watch now, I think.', '1279hs4'], ['u/zberg69420', 11, '2023-03-31 20:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jefxkfq/', 'they see me crabbin...they hatin', '1279hs4'], ['u/Westbrook_Level', 16, '2023-03-31 21:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeg2dm2/', 'Bittrex leaving USA. RIP to the OG. It’s a shame what the US government is doing to crypto, putting the US so far behind. Wen Bittrex? Never apparently.', '1279hs4'], ['u/hajjidamus', 17, '2023-03-31 21:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/1279hs4/daily_discussion_friday_march_31_2023/jeg64om/', 'It is impossible to be "legit" in the US regulatory environment. There is no clarity and the feds can come after you at any time for any reason.', '1279hs4']]], ['u/LunaLunaHelp', 'Received bitcoin has been pending for over 9 days now although its been confirmed', 22, '2023-03-31 06:27', 'https://www.reddit.com/r/CoinBase/comments/127a2ip/received_bitcoin_has_been_pending_for_over_9_days/', "[https://www.blockchain.com/explorer/transactions/btc/20365a1178edce7d50beced970514eec3e810dc62ae7d2bcc0a28300f5545fb8](https://www.blockchain.com/explorer/transactions/btc/20365a1178edce7d50beced970514eec3e810dc62ae7d2bcc0a28300f5545fb8)\n\nI'm honestly getting pretty pissed right now I've called coinbase 3 separate times and all they can tell me is their specialists are looking into it and will give me a response once they have resolved it. Well shit its been 9 days and no response. I mean come on its been confirmed on the blockchain I should have access to these funds. What can I do besides waiting?", 'https://www.reddit.com/r/CoinBase/comments/127a2ip/received_bitcoin_has_been_pending_for_over_9_days/', '127a2ip', [['u/surfnsets', 11, '2023-03-31 07:18', 'https://www.reddit.com/r/CoinBase/comments/127a2ip/received_bitcoin_has_been_pending_for_over_9_days/jedfkpx/', 'All I can say is this is not professional company behavior. At this point I am personally setting this as a fake / scam company and never investing through an exchange again. Ever. The worst experience of my life. Verified, collected funds confirmed by my bank. Still has a hold. This is theft.', '127a2ip'], ['u/LunaLunaHelp', 13, '2023-03-31 07:21', 'https://www.reddit.com/r/CoinBase/comments/127a2ip/received_bitcoin_has_been_pending_for_over_9_days/jedfwq6/', 'literally support gives me the same shit responses and that, "we are working on it" but cant give me an eta or any other information its so fucking infuriating', '127a2ip']]], ['u/WtwitterLreddit', 'A question to Bengali Hindus, do you celebrate ram navami?', 63, '2023-03-31 07:58', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/', "As someone who's not a Hindus and from howrah, I have to get to the bottom of this. I'm not blaming any community specifically, I just want this question answered because I have doubts regarding this.\n\n[View Poll](https://www.reddit.com/poll/127btcq)", 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/', '127btcq', [['u/Similar-Audience6889', 42, '2023-03-31 08:11', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedk01r/', "Haven't heard or seen any Bengali Hindu families around celebrating it with much grandeur as such.", '127btcq'], ['u/basil_elton', 43, '2023-03-31 08:17', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedkido/', 'There is a subset of Bengalis who do, but not by taking out processions with swords or blaring songs from loudspeakers or shouting Jai Shri Ram while wearing saffron bandanas. \n\nHowever, that subset is not going to be represented on reddit.', '127btcq'], ['u/Similar-Audience6889', 22, '2023-03-31 08:30', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedliom/', "Possibly. I come from a Vaishnav family which has been worshipping Radha Krishna in our own home temple for generations and yet we don't celebrate Ram Navami.", '127btcq'], ['u/here4geld', 12, '2023-03-31 08:37', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedm0ud/', 'You want to get to the bottom and u r posting in reddit kolkata. Darun. \nEkhane besir bhag 18 20 30 yrs old. Kolkata ba Bengal k kono vabe ei small population genx genz represent kore na. \nGo some where else. \nR amader Desh secular. \nEkhane keu jodi akta celebration kore seta bhul kichu noy. \n\nDurga pujo te 4 din rasta atke pandal hoy. Kali pujo e din rat boma fate. Akhon ram navami te jodi kichu manush seiak e jinis korte chae tahole kichu bolar nei. \nAmar family ram navami celebration kore na. \nBut baki manush korle Amar kono apotti nei.', '127btcq'], ['u/IntroductionNearby92', 152, '2023-03-31 08:37', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedm2d1/', "Bengalis have Annapurna/Bashonti pujo. Ram Navami is a very North Indian thing. Never in my lifetime have I seen such stuff until the last few years. Bengali Hindu mostly follow Shakti so it's female deity worship. Durga, Kali, Lakshmi, Saraswati etc. \n\n\nHopefully I'm not very wrong here.", '127btcq'], ['u/Alabama-Alaska', 20, '2023-03-31 08:38', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedm2wq/', ' I’m from a Vaishnav Bengali family and we have never celebrated Ram Navami.', '127btcq'], ['u/deadsoulmate', 13, '2023-03-31 08:44', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedml98/', "It's a North Indian thing. I knew it was Ram Navami yesterday so I went for a walk near a temple to look at the decorations and stuff", '127btcq'], ['u/WtwitterLreddit', 57, '2023-03-31 08:46', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedmp3z/', "> Never in my lifetime have I seen such stuff until the last few years\n\nYes, this is a very new thing here.\n\n> Bengali Hindu mostly follow Shakti so it's female deity worship. Durga, Kali, Lakshmi, Saraswati etc. \n\nYou're absolutely right but I've heard of this thing called okal bodhon, which I think is related to ram praying to durga and Durga blessing him with the blessing of defeating ravana. Is that related to ram navami? Idk if someone knows please share info regarding this topic.", '127btcq'], ['u/ilishpaturi', 25, '2023-03-31 08:48', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedmvbb/', 'We celebrate it as Annapurna Pujo, I believe. Makes sense because Ram isn’t a popular deity in Bengal, and we mostly worship goddesses (besides Krishna or Shiva). \nOf course I am generalizing and everyone’s experience might not be the same.', '127btcq'], ['u/IntroductionNearby92', 33, '2023-03-31 08:57', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jednkch/', 'Okal bodhon is the Durga Puja which happens in the autumn. Okal meaning not in the right time. The actual Durga pujo is this one happening in spring. Ram worshipped Durga during that time to seek her blessings before fighting Ravan. \n\nYou can read about it here- \n\nhttps://en.m.wikipedia.org/wiki/Akaal_bodhan', '127btcq'], ['u/Biplab_M', 18, '2023-03-31 09:03', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jednzl3/', 'Na bhai Annapurna pujo ar Basanti pujor prosad khawar pore ar time thake na dhal toroyal niye rastay berote.', '127btcq'], ['u/Lazy-Interest-7100', 15, '2023-03-31 09:17', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedoyo7/', '>ar time thake na dhal toroyal niye rastay berote.\n\nThakleo Amar Mone hoye na ekhan kar lokera dhal tolwar niye beriye porto . Ami Muslim kintu ta bole kokhono "Durga pujo Hindu der festival, ami celebrate korbo Keno" Ba "Christmas Christian der festival, ami celebrate korbo Keno" aie rokom chinta asheni \n\nBanglar culture e onno lokeder dhormer jonno hate kora sekhano hoyna', '127btcq'], ['u/Fickle-Cry1927', 27, '2023-03-31 09:27', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedpo40/', 'Well I m a hindu, I have seen processions from both hindu and muslim side, some elements in them always try to provoke the others be it hindu or muslim which causes the reaction, ultimately public property is destroyed l', '127btcq'], ['u/s0dank', 49, '2023-03-31 09:43', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedqsh4/', "Hey fellow Howrah-basi here. I guess you know about the place named Ramraja Tala or Ramtala. That's one of the few places where people celebrate Ram Nabami in Bengal (but not like North Indian way). Mainly in this time Bengal celebrate Basanti Pujo & Annapurna Pujo. From my childhood Ramraja Tala means Ram Temple/ Month long Ram Pujo/ Mela and huge immersion procession. Never ever in my life I haven't seen or heard people doing procession with swords & chanting *Jai Shree Ram* in Ram Nabami that's not our culture. In Ram Nabami my mom do fasting like countless other moms (those who have sons). \nP.S. - Don't know if Ram nabami fasting brata is a Howrah only thing or not but that's how I know & celebrate Ram Pujo. \nBecause you are from Howrah I would recommend you to visit Bhattanagar Basanti Pujo Mela. It can give you a general idea about about how we celebrate this time of the year.", '127btcq'], ['u/laylowmerry', 22, '2023-03-31 09:43', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedqtkb/', 'My roots are from around >!বলবো না!< . So, Ramnavami and chaitra Basanti pujo, Durga Pujo are something I am aware of since my childhood days.', '127btcq'], ['u/anonymouse_2001', 12, '2023-03-31 09:57', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedrr98/', 'Ram nobomi maniyechho? *maniyechho*? Chandril shunle tomake asto gile khabe.', '127btcq'], ['u/mukherjee4u', 16, '2023-03-31 10:11', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedsq2e/', 'I stay near Ramrajatala (5 min afar), the Ram pujo is famous here but never seen such ruckus created here in the name of procession. Absolutely disgraceful. We used to go to "mela" at ramrajatala, nowadays we avoid going there on Ram Navami', '127btcq'], ['u/Content-Sea8173', 23, '2023-03-31 10:22', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedthaf/', "As far as I remember, Ravana had some boon from Goddess Durga that no one shall defeat him without her approval. So Ram had to worship her to gain her blessings. Since it wasn't during the Durga Puja, it was called Okal Bodhon (Untimely invocation). Bengalis have been worshipping the goddess on the same day for a few years now, however don't exactly worship Ram or Hanuman as much. The Goddesses rule this land", '127btcq'], ['u/nihilist_healer', 18, '2023-03-31 10:24', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedtk3z/', 'We bengalis do Okal bodhon. Originally Durga pujo was supposed to happen in spring. Lord Ram worshipped Durga during Autumn after Sita Maa was kidnapped.', '127btcq'], ['u/basil_elton', 41, '2023-03-31 10:36', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedue1i/', "* It's cringe, and vulgar.\n* It's political, because slogans were mentioning VHP.\n* It's got nothing to do with devotion, as there were posters with akhand Bharat written on them.\n\nAll of this is based on what I witnessed in the Garia rally yesterday.", '127btcq'], ['u/Content-Sea8173', 11, '2023-03-31 10:39', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedulhn/', 'Nop after. The actual Durga Pujo is what we call Basanti pujo. Worshipped during the Basant or spring. \n\nAfter was in respect to the English calender.', '127btcq'], ['u/rishrealboss', 10, '2023-03-31 11:08', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jedwjrf/', 'Celebrating Ram Navami since childhood as a puja at my house. Idk, which imbeciles have invented this thought that Maryada Puroshottam Bhagwan Sri Ram is not for Bengali Hindus and of some other sects. But the rally thing is new. This is the process of Hindu Jagaran Manch and Vishwa Hindu Parishad', '127btcq'], ['u/Competitive-Kiwi-461', 15, '2023-03-31 12:51', 'https://www.reddit.com/r/kolkata/comments/127btcq/a_question_to_bengali_hindus_do_you_celebrate_ram/jee457a/', 'BJP market tai bujhte parche na. Alu ar market a kola bechar chesta korche.', '127btcq']]], ['u/rBitcoinMod', 'Daily Discussion, March 31, 2023', 37, '2023-03-31 08:07', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/126f8o4/lightning_thursday_march_30_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/', '127bzeb', [['u/cd80808080', 13, '2023-03-31 09:30', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/jedpxzf/', 'Are u stacking 🌽?', '127bzeb'], ['u/Technical-Land3714', 11, '2023-03-31 12:21', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/jee1rvm/', 'It’s Bitcoin, not crypto. Other coins “crypto” are centralized scams, you want to look for scams?', '127bzeb'], ['u/fverdeja', 10, '2023-03-31 13:24', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/jee75em/', 'Things to know\n\n1. There\'s Bitcoin, called Bitcoin and then there\'s a lot of scams called "crypto".\n\n2. Bitcoin is always too expensive until you understand it and see that it is actually too cheap.\n\n3. Once you understand Bitcoin the expectation of short time price action becomes the less important thing there is.\n\nI would recommend you study Bitcoin\'s history, the history of money and the history of debt before you decide to buy a single sat.', '127bzeb'], ['u/escodelrio', 11, '2023-03-31 15:18', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/jeejzek/', 'Historical Bitcoin\xa0prices for today, March 31st:\n\n2023 - $27,935\n\n2022 - $46,319\n\n2021 - $58,794\n\n2020 - $6,450\n\n2019 - $4,118\n\n2018 - $6,926\n\n2017 - $1,080\n\n2016 - $415\n\n2015 - $243\n\n2014 - $458\n\n2013 - $93\n\nVia [Twitter](https://twitter.com/btchistorical/status/1641757775075106819).', '127bzeb'], ['u/HurricaneHarvey7', 12, '2023-03-31 17:37', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/jef454u/', "* **US Govt:** Bitcoin is a scam and has no value\n* **Also US Govt:** We're going to sell all the Silk Road Bitcoin for a billion dollars", '127bzeb'], ['u/Realistic-Jelly8133', 16, '2023-03-31 19:49', 'https://www.reddit.com/r/Bitcoin/comments/127bzeb/daily_discussion_march_31_2023/jefoeus/', 'The US government sold 9800 BTC on 3/14. The market absorbed all that and we are sitting almost 20% higher than when they sold. It just goes to show you that we are still in an accumulation phase. All the volatility is just traders messing around, but make no mistake the DCA army is raising the floor slowly but surely.\n\nKeep DCAing. Fiat is worthless in the long run.', '127bzeb']]], ['u/CCxPizzaHut', 'Apparently crypto.com will look into history of your bitcoin and freeze your account whenever they feel like it?', 39, '2023-03-31 08:13', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/', 'Been a ruby card holder for over 2 years. Was trying to top up my Visa card a few days ago with some money from my FIAT wallet, when an error pops up asking me to contact support.\n\nSo I do that, and then they ask me about 2 bitcoin addresses, lets call them address A and address B. Address A is mine and I had used it to send bitcoin into my [crypto.com](https://crypto.com) bitcoin wallet, while address B belongs to an exchange which had only sent bitcoin to my address A, around $1400 worth.\n\nI inform them of this, and they say their "team" will look into it. It\'s been 3 days and still nothing, which is pretty worrying considering they could take months for all I know.\n\nHere are screenshots of my conversation with support:\n\nhttps://preview.redd.it/6hx0cibxn0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=d4f13d8daf390d7c3d1429a9fafbe2150da7427d\n\nhttps://preview.redd.it/j7ouc821o0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=d0b6c09fdd5947afd72f9e11100667d4ff05d35a\n\nhttps://preview.redd.it/1isl2rk1o0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=8bbda43ee65e5cc8e0377f0786e770be5af6e135\n\nhttps://preview.redd.it/390s7d52o0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=cc7d2b5d50ed70c0432bdfd67d5ae8e8322b4a41\n\nhttps://preview.redd.it/pyu222n2o0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=57d1b44f7e12f002408221e46b4adabeb01a2226\n\nhttps://preview.redd.it/p7sppo33o0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=c7cf1b19b97e6c2e9acb056bc72c79f493d3de35\n\nhttps://preview.redd.it/1xy72qi3o0ra1.png?width=1080&format=png&auto=webp&v=enabled&s=9e4de4fcbe53029fe5145dfc142828c300d63395', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/', '127c3da', [['u/iGhost1337', 48, '2023-03-31 08:28', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/jedlbmd/', 'bruh. cdc is just another company, they have to comply with regulations. \n\nif something in one of your deposit addresses is fishy, of course they have to investigate it.', '127c3da'], ['u/askmenothing888', 23, '2023-03-31 08:41', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/jedmbs7/', 'I know they take a while but ...what prompt them to investigate you in the first place ?', '127c3da'], ['u/CCxPizzaHut', 17, '2023-03-31 09:01', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/jedntvo/', 'Would love to know this as well.', '127c3da'], ['u/CCxPizzaHut', 10, '2023-03-31 09:18', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/jedp3fz/', "That's also what I suspect is the case, but what the hell are they looking for? If I look at that wallet on the blockchain, it just has 4 single transactions which all took place on the same day. What new information are they hoping to find that will either clear me of suspicion or prove that I'm somehow involved in something fraudulent?", '127c3da'], ['u/ZeroxTechnic', 19, '2023-03-31 10:23', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/jedtj5q/', 'I think you have the wrong idea what an "investigation" is. It sounds like you think there is 5 guys dedicated just for you, and they are working 24/7 like some kind of movie.\n\nWhat an "investigation" is, is that your case is now in their ticketing system, and once an agent is free and has the time to look at those 4 transactions and compare it with the info they have that you don\'t have, then they will "clear" you.', '127c3da'], ['u/thinkingperson', 15, '2023-03-31 11:19', 'https://www.reddit.com/r/Crypto_com/comments/127c3da/apparently_cryptocom_will_look_into_history_of/jedxakz/', 'This has to do with the Travel Rules that is mandated for practically any crypto company and fiat banks.\n\n**Say you transfer from the CDC app to the CDC exchange.** Upon receipt of the coins that you sent using their services, they will still ask you to attest ownership of the source (address) of those coins.\n\nTechnically, you don\'t own any of the wallets involved, \'cos they are custodial wallets, right? But accounting wise, you own the accounts, so you should declare "Yes" you are the owner of the digital wallet addresses from which you received from.\n\nIt may be counter intuitive, but that\'s what **they are** trying to get you to commit to. That you are responsible for the coins\' sources. So they can account to the powers to be that their users have declared themselves to be kosher and if anything is suspect for laundering or criminal activities, users have to answer for it and the company is not complicit.\n\nCDC is not alone in this. Every fuck company will do this as well. And whoever complain about this, do not own a company large enough to be liable.\n\nIt\'s not pretty, but to officially and legally do crypto business today, you need to jump through all these loops and hoops.\n\n**Now, say you use another platform**, cex, dex, or dapps, and from those platforms, you send coins over to yourself in cdc. It\'s the same process all over again. Upon receipt of coins, you have to declare ownership bla bla bla.\n\nIf you state that you do not own those sources, then you are basically saying, "Gee, I dunno where this coins come from, you may have to suspend my account, call me in for questioning before I spill it."\n\n**So just declare it the proper way.** Unless you are really laundering and such, then you should not be asking abt it here.\n\n**We can also spend our time arguing** why we need to declare when we should be presumed innocent until proven guilty and what not. Then be prepared to get your account suspended and fight the system. Good luck.', '127c3da']]], ['u/Jesus_is_Lord2023', 'Bitcoin and Gold will both be at $10,000 each in April...', 100, '2023-03-31 08:38', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/', 'Just what my charts are saying.. doubt me? Screenshot this post & good luck God Bless', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/', '127cjlo', [['u/VOCshipwreck17', 31, '2023-03-31 09:39', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jedqjs8/', 'Charts are bullshit.... sorry dude.\n\nRemindmebot in 1 month', '127cjlo'], ['u/tdtwedt', 15, '2023-03-31 11:05', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jedwcqw/', 'The price of Bitcoin is propped up by fake Tether dollars.\n\nhttps://twitter.com/Bitfinexed/status/1639364498036346886', '127cjlo'], ['u/Gimmietherock', 31, '2023-03-31 14:11', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jeebuwc/', '', '127cjlo'], ['u/jonny_mtown7', 16, '2023-03-31 14:14', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jeec667/', 'Call me a doubting Thomas but I will believe it when I see it. I have faith but much needs to happen in bad terms. Also like several asked: "What about silver?" We are all investment ape warriors. We are not going to throw in the towel but we would love to see fireworks. \n\nBlack Swans swimming \n\n1. Love or Hate him: Trumps arrest.\n2. More bank failures\n3.Another Fed Reserve Interest rate hike\n4.Geopolitics with Russian Ukraine or China-Taiwan-USA.\n5. BRICS KICK DEAD PETRODOLLAR. WATCH DOLLAR INDEX GO BELOW 100 THEN BELOW 90.\n6. The debt ceiling in the USA does not get extended..\nEver...again. \n\n7. Who knows what ever else. The mystery swan. It could be higher unemployment or AI taking more jobs away\n\nOr stagflation', '127cjlo'], ['u/GyroBoss', 17, '2023-03-31 14:32', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jeee6yv/', '$300-$800 per ounce for silver if gold is at $10,000', '127cjlo'], ['u/sumtingwongbruh', 14, '2023-03-31 14:40', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jeef7qv/', 'While I would love to see those numbers it would mean my buying days are over.\nKind of makes me sad, has to happen one day though.', '127cjlo'], ['u/sparkycoconut', 16, '2023-03-31 14:41', 'https://www.reddit.com/r/Wallstreetsilver/comments/127cjlo/bitcoin_and_gold_will_both_be_at_10000_each_in/jeef980/', 'BTC to 10K, easy. Gold 5X in...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters US stocks jumped on Friday, ending the first quarter on a positive note. A key price gauge showed continued signs that inflation is cooling off. The S&P 500 and Nasdaq have gained 6% and 17%, respectively, since the start of the year. US stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off. The Personal Consumption Expenditures Index — the Fed\'s preferred inflation measure — rose 0.3% in February from the prior month, lower than the expected 0.4%. The S&P 500 has gained 6% and the tech-focused Nasdaq Composite is up 17% since the start of the year. Meanwhile, the Dow Jones Industrial Average was nearly flat over the quarter. That comes after a rocky few months for markets. Investors began the year hopeful that inflation was easing enough for the Fed to cut rates soon. But sticky inflation data and hawkish Fed comments unwound those bets. Then the failure of Silicon Valley Bank and fears of a recession on the horizon whipsawed markets again. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,109.30, up 1.44% Dow Jones Industrial Average : 33,274.15, up 1.26% (415.12 points) Nasdaq Composite : 12,221.91, up 1.74% Here\'s what else is going on: The new bull market in stocks has begun , as history shows the bear narrative is falling apart, according to Fundstrat\'s Tom Lee. The Fed\'s rate hikes are a "megathreat" to the economy, according to "Dr. Doom" Nouriel Roubini. The banking crisis will have a "long tail" as risks move from economic to financial contagion, according to Mohamed El-Erian. First Citizens Bank, the buyer of SVB\'s assets , is run by a North Carolina family that\'s bought over 20 failed banks since 2008. The US dollar is about to "stare into the abyss," and will likely keep dropping, one analyst said. In commodities, bonds, and crypto: Oil prices traded mixed, with West Texas Intermediate up 1.49% to $75.47 a barrel. Brent crude , the international benchmark, slipped 0.26% to $79.68 a barrel. Gold edged lower 0.50% to $1,968.73 per ounce. The 10-year Treasury yield ticked lower five basis points to 3.494%. Bitcoin moved higher 1.44% to $28,341.38. Read the original article on Business Insider View comments', '• US stocks jumped on Friday, ending the first quarter on a positive note.\n• A key price gauge showed continued signs that inflation is cooling off.\n• The S&P 500 and Nasdaq have gained 6% and 17%, respectively, since the start of the year.\nUS stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off.\nThe Personal Consumption Expenditures Index — the Fed\'s preferred inflation measure — rose 0.3% in February from the prior month, lower than the expected 0.4%.\nThe S&P 500 has gained 6% and the tech-focused Nasdaq Composite is up 17% since the start of the year. Meanwhile, the Dow Jones Industrial Average was nearly flat over the quarter.\nThat comes after a rocky few months for markets. Investors began the year hopeful that inflation was easing enough for the Fed to cut rates soon. But sticky inflation data and hawkish Fed comments unwound those bets. Then thefailure of Silicon Valley Bankand fears of a recession on the horizon whipsawed markets again.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,109.30, up 1.44%\n• Dow Jones Industrial Average:33,274.15, up 1.26% (415.12 points)\n• Nasdaq Composite:12,221.91, up 1.74%\nHere\'s what else is going on:\n• The new bull market in stocks has begun, as history shows the bear narrative is falling apart, according to Fundstrat\'s Tom Lee.\n• The Fed\'s rate hikes are a "megathreat"to the economy, according to "Dr. Doom" Nouriel Roubini.\n• The banking crisis will have a "long tail"as risks move from economic to financial contagion, according to Mohamed El-Erian.\n• First Citizens Bank, the buyer of SVB\'s assets, is run by a North Carolina family that\'s bought over 20 failed banks since 2008.\n• The US dollar is about to "stare into the abyss,"and will likely keep dropping, one analyst said.\nIn commodities, bonds, and crypto:\n• Oil prices traded mixed, withWest Texas Intermediateup 1.49% to $75.47 a barrel.Brent crude, the international benchmark, slipped 0.26% to $79.68 a barrel.\n• Goldedged lower 0.50% to $1,968.73 per ounce.\n• The10-year Treasury yieldticked lower five basis points to 3.494%.\n• Bitcoinmoved higher 1.44% to $28,341.38.\nRead the original article onBusiness Insider', 'Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, shuffle money into investment accounts, and track spending . But the best investment apps can also let you quickly trade stocks, follow your account in real time, help you learn about the markets and more. Because they can do so much, investment apps have become increasingly popular. Here are some of the top apps for getting your finances organized and invested. All of these apps are great for beginners, and they make it easy for those just starting to invest or looking to play a stock-picking game for fun. Here are the best stock investment apps in May 2023: Betterment – Best app for automated investing Invstr – Best app for education Acorns – Best app for saving Wealthbase – Best app for trading games and contests Wealthfront – Best app for portfolio management Fidelity Investments – Best app for managing money all-in-one Robinhood – Best app for active trading Charles Schwab – Best app for beginners Ellevest – Best app for socially responsible investing Public – Best app for learning about companies Fundrise – Best app for direct investment in real estate A closer look at the top stock investment apps in May 2023 Betterment – Best app for automated investing Betterment is one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that’s calibrated against your own risk tolerance and when you need the money. Betterment can create socially responsible portfolios focusing on climate change or social impact. Minimum balance required: $0 for digital service; $100,000 for premium service Fees: Management fee of 0.25 – 0.40 percent of assets annually Why we like it: If you’re willing to stomach a bit more risk, the app can find you investments with a potentially higher return. If you need a safer portfolio, Betterment can do that, too. A robust (and free) cash management account. You can set up Betterment and then kick back while the pros do the rest of the work. Betterment charges a much smaller price than you’d pay for a traditional financial advisor . The app lets you set goals to invest for, such as a safety net or retirement, and there’s no account minimum. Story continues Who is it best for?: You like having a professionally managed portfolio for a low cost, along with a cash management account. Invstr – Best app for education Invstr is what you get when you mix learning, real-life investing and community into an app that’s designed to give beginning investors a way to get into stocks , especially if you like games. The app combines a fantasy stock game, where you can assist in managing a virtual portfolio, with access to investors’ thoughts on stocks and other investments. Minimum balance required: $0 Fees: $0, $3.99 for Invstr Pro. Can trade stocks, crypto and ETFs commission-free with a $5 minimum investment. Why we like it: The fantasy game gives you $1 million in virtual money, and you can use the app’s social network and news feed to source ideas. The month’s top performers win real cash, too. If you want to turn some of those fantasy picks into real-life stakes, you can buy fractional shares and whole shares commission-free in the app. The app will even give new users $30 worth of Bitcoin when they open and fund an account with $100. Invstr has also started offering commission-free trading in cryptocurrencies. Who is it best for?: You want to learn from an investing community, hear why they like certain stocks and play a fun fantasy game. Acorns – Best app for saving Acorns remains one of the most popular of the new breed of savings apps, because of how easy it is to use. You really don’t have to pay much attention once you’ve set it up. Minimum balance required: $0 for savings account Fees: $3 or $5 per month depending on the service tier Why we like it: Link a debit or credit card to your account, and Acorns will round up the total on purchases to the next dollar and invest that difference into one of a few ETF portfolios. The cost is a modest $3 per month for Acorns Personal, which includes the investment account, an individual retirement account (IRA) , a metal debit card and more. You’ll be able to open one of three IRA versions: the traditional, Roth or a SEP, and can roll over an existing 401(k) or IRA. This tier offers an FDIC-protected checking account, too, with no additional fees, fee-free access to thousands of ATMs and early access to direct deposits. Acorns chooses your portfolio based on the targeted time until your retirement (calculated as age 59 ½), becoming more conservative as you near that age – something to consider when choosing the app. For a total of $5 per month, you can add Acorns Family, which includes the features of the first tier as well as investment accounts for children. Who is it best for?: You like getting automatic investments while you’re spending without worrying about it. You like retirement investing without the hassle. Wealthbase – Best app for trading games and contests Wealthbase is a top player in the world of stock market games, and it may be the most user-friendly investing app out there for having fun and picking stocks. You can set up games with friends to last up to 15 days or even just until the end of the day. Minimum balance required: $0 Fees: $0 up to 5 players. $20 game fee up to 1,000 players, plus five cents per player per day. Why we like it: The app marries social media with stock picking. You’ll see a feed of stocks your friends are picking, with daily updates of who’s winning, and you can engage in a little friendly “trash talk.” The app runs very smoothly — no delays to load, no hiccups. Even if you’re not a huge stock-picker , you’ll have fun here. And you can trade crypto in the simulation as well. Who is it best for?: You like picking stocks and playing games in a social environment with friends and colleagues. Wealthfront – Best app for portfolio management Wealthfront is one of the largest independent robo-advisors. For a small fee, it can manage your money, whether that’s in a taxable account or an IRA . Minimum balance required: $500 Fees: Management fee of 0.25 percent of assets annually Why we like it: Wealthfront uses hundreds of ETFs to construct your portfolio and takes into account how much risk you want to take as well as when you’ll need the money. As you deposit money, Wealthfront will add it to your portfolio and keep your account balanced and on target toward your goal. Wealthfront’s management fee runs 0.25 percent annually, which is the industry standard but also an eminently reasonable price for the features on offer, including tax-loss harvesting, which effectively covers the annual fee for most clients, says the company. Wealthfront also brings an attractive cash management account (even if you don’t sign up for the investment account), and you’ll receive early access to direct-deposited paychecks and a debit card – all without a monthly fee. Who is it best for?: All you’ll need to do is add money to the account and Wealthfront manages your portfolio to help you reach your goal. The cash management account is cool, too. Fidelity Investments – Best app for managing money all-in-one If you wanted to live your whole financial life on Fidelity Investments , you could do it with little issue – and have the top integrated experience. At Fidelity, you can get an investment account, a checking account, an IRA, a business retirement account such as a SEP IRA, bill paying, a savings account, a robo-advisor account and even credit card accounts, to cover the big ones. Minimum balance required: $0 Fees: $0 for stock/ETF trades, $0.65 per contract on options. Why we like it: You can get all your finances in order with one company on one dashboard, and never feel like you’re missing a thing. You’ll get solid research on ETFs and mutual funds, tons of articles on budgeting, investing and personal finance and webinars, too. If you never need help, you’ll be connected with a courteous and helpful Fidelity rep in short order. Who is it best for?: You want all your financial accounts under one roof, and you enjoy being treated like a valued customer. Robinhood – Best app for active trading Robinhood is the app to have if you like a smooth interface and avoiding trading commissions, whether you’re trading stocks, ETFs, options or cryptocurrency. You’ll get to do it all with no commission and using a slick mobile interface that makes smooth work of it all. Minimum balance required: $0 Fees: No commissions for stock, ETF, options or crypto trades Why we like it: You can access a stock’s page from a search bar at the top of the screen and then pull up charts and vital statistics. The stripped-down app is simple to navigate, and after a while you’ll move intuitively from screen to screen as you trade the market. A feed that aggregates stories from news and investing sites, so that you keep on top of what’s going on. After you’ve decided what you want to trade and enter the number of shares to buy or sell, swipe up and the order is on its way. Who is it best for?: You like trading stocks (as well as ETFs, options and cryptocurrency) for free and having a simple way to quickly do so. Charles Schwab – Best app for beginners Charles Schwab does well for experts, but it’s also a great app for beginners, because of all the resources it provides. Schwab provides tons of research and education, helping newer investors get up to speed on topics such as investing and personal finance. Minimum balance required: $0 Fees: $0 Why we like it: Schwab also offers fractional shares, meaning you can invest all your money into your stocks, rather than have idle investment money sitting around. Commission-free stock and ETF trades. Schwab is also great for mutual fund investors, with more than 4,000 no-transaction-fee funds, one of the largest selections in the industry. You’ll also get highly responsive customer service that gets your questions answered quickly. As if that weren’t enough, you’ll get one of the best sign-on promotions around, with a cash bonus that starts with just a $25,000 deposit. Who is it best for?: You like investing with a friendly company that starts off in the right direction and then helps you along the way. Ellevest – Best app for socially responsible investing Ellevest is one of the top-ranked robo-advisors, but it’s also the top app for socially responsible investing. Ellevest’s mission is to help women investors make smart investing decisions (though, of course, anyone can become a client). Minimum balance required: $0 Fees: $5 or $9 a month (or discounted annually) Why we like it: Ellevest creates investment portfolios and plans that take into account the differing circumstances of women, such as lower lifetime earnings. Ellevest allows clients to build portfolios that incorporate up to 53 percent of their portfolio in ESG or social impact funds – what it calls its Impact portfolio. These funds invest in companies that have more women leaders, support affordable housing and community services, and have higher standards for sustainability. The Impact portfolio costs only modestly more than Ellevest’s low-cost core portfolio, just $13-$19 per year on average for every $10,000 invested. Who is it best for?: You want a socially responsible portfolio that can offer attractive returns and also makes it easy for you to invest. Public – Best app for learning about companies Public is a trading app geared toward helping new investors learn about business and investing. You can trade stocks, ETFs and cryptocurrency, but what sets Public apart from others is the educational content, including “town hall” meetings with business leaders and its podcast Public Live. Users will also have access to a social feed to discuss stock picks with other investors. Minimum balance required: $0 Fees: Commission-free stock and ETF trades; $5 inactivity semiannual fee for accounts less than $20 Why we like it: The app offers no-commission stock and ETF trades and also allows you to trade cryptocurrency, though with a commission. Public makes education a key part of its platform. Public does not accept payment for order flow, the somewhat controversial practice of directing trades to certain exchanges for payment. Who is it best for?: You’re a beginning investor who is looking to learn about businesses and discuss investments with others. Fundrise – Best app for direct investment in real estate The Fundrise app allows individual investors to invest in commercial real estate with virtually any amount of money. The app provides information about potential deals, and then you can select the ones you’d like to participate in. But if you can bring more money to the table, you can get access to even less accessible deals. The app even allows you to reinvest your dividends. Minimum balance required: $10 Fees: 0.15 percent annual advisory fee, annual asset management fee of up to 0.85 percent; 1.85 percent for Innovation fund. Why we like it: You can invest in commercial real estate without the huge financial commitments usually involved in doing so. Attractive track record on deals sourced through the platform, with an 80 percent total return over seven years for the average investor. You can get access to deals that aren’t generally available or otherwise accessible to less well-heeled investors. Who is it best for?: You’re looking to invest in real estate using deals sourced and managed by an expert without having to make massive financial commitments. What to consider when choosing a stock investment app When it comes to investment apps, think about how you’ll plan to use them. Do you need an educational tool or are you looking to actually trade and invest? Some apps charge fees that can eat into your investment returns, while others have very low costs and offer commission-free trading. If you’re interested in trading things like cryptocurrencies, you’ll want to make sure that’s a feature offered by the app or broker – not all brokers offer crypto trading . Deciding how much money to invest The good news for investors starting out today is that it requires very little money to get started. Fees are so low or even non-existent that you can start with virtually any amount of money. In fact, what you start with matters much less than your saving and investing discipline over time. The key to achieving ongoing investing success is to add money regularly over time . So you’ll want to add cash to the account and keep investing in your positions regularly over time in order to build wealth. How much you actually invest depends on your own financial situation and needs. And today’s low-fee brokerages and apps leave more money in your pocket to actually invest. Stock investment apps FAQ: Can you use investment apps to trade stocks? Some investment apps allow you to trade stocks and other securities, but that depends specifically on the kind of app and what it’s designed to do: For example, brokerage apps such as Robinhood and Fidelity Investments allow you to buy stocks and ETFs. Other apps such as those from robo-advisors Wealthfront and Betterment will buy stock funds and create a portfolio on your behalf. Still other apps such as Wealthbase and Invstr allow you to learn about investing or play investing games. So the ability to buy stocks with an app depends on the app itself. Is the money I use to trade on investment apps insured? If you’re investing money in the market, then it’s not insured and you could lose some or all of your investment. Market-based assets include stocks, bonds, mutual funds, ETFs, options and cryptocurrency. These kinds of assets fluctuate over time, meaning you could make a lot of money or lose a lot, depending on how the market swings. If you need a highly safe asset, you’ll need to turn to guaranteed accounts such as a traditional savings account , high-yield savings account or CD at an FDIC-insured bank. These accounts insure your money up to $250,000 per account type per bank. Are some apps better for investing than others? Some apps provide special features or focus more on education, while others focus largely on executing trades. For example, Wealthbase is a great app for playing stock market games, but it won’t execute trades for you. In contrast, Wealthfront and Betterment will both invest your money for you, so you don’t have to do much but deposit money in your account. And those apps differ from brokerage apps such as Robinhood, Charles Schwab and Fidelity Investments, where you need to know what you want to buy. These brokers also allow you to buy different securities, such as stocks, bonds, mutual funds and more. Robinhood and Invstr allow you to buy cryptocurrency commission-free, too. So the investment apps can provide a variety of different features and benefits, and you’ll need to select which ones meet your needs. What assets can you trade on investing apps? If the app is an online broker such as Robinhood, Fidelity Investments or Charles Schwab, you’ll be able to trade securities such as stocks, bonds, ETFs and options. Other apps that are more educational in nature, don’t typically offer the ability to trade (with real money) at all, such as Wealthbase. Are investing apps good for active trading? Some investing apps are popular with active traders, but you’ll want to pick one that offers trading in the type of assets you’re interested in. Active traders might want to turn to Robinhood, Fidelity or Charles Schwab for their low-cost trading in everything from stocks and ETFs to cryptocurrencies (at Robinhood) and options. Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.', 'Investors are always looking for a good bargain. And companies whose share prices have plunged can represent great buying opportunities if conditions are right. But there are some stocks to avoid at any price given their operating losses and flawed business models. Traders tolerated large losses in recent years if a company seemingly had a path to robust profitability. However, the recent bear market changed that, and time is running out for a lot of struggling growth enterprises. The three stocks to avoid below seem to be lost causes. Between flawed strategic plans, poor operating results and current economic headwinds, it’s hard to see a road to recovery for any of them. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BYND Beyond Meat $16.23 AFRM Affirm $11.27 RIOT Riot Platforms $9.99 Beyond Meat (BYND) Source: Shutterstock Beyond Meat (NASDAQ: BYND ) is a small consumer staples company seeking to redefine the protein space. The firm initially reached prominence with its plant-based meat patties. It has since launched other plant-based items such as sausage and jerky. As Beyond Meat partnered with prominent fast-food chains and grocery stores, shares soared on hopes that the innovator would take off. Alas, it wasn’t meant to be. Beyond Meat’s niche remains small and it faces intense competition from other plant-based protein alternatives. As a result, revenue peaked in 2021 and began to tumble. In 2022, the company saw revenue decline 9.8% year over year to $418.9 million. It also had a negative gross margin of -5.7%, meaning it cost more to assemble its plant patties and other products than it got from selling them. And that’s before accounting for overhead such as marketing, executive compensation and taxes. Just in making and selling its products, Beyond Meat is now losing money. On an adjusted EBITDA basis, Beyond Meat lost $278 million in 2022, or more than 66% of its net revenue. That’s simply disastrous. Story continues Most growth companies are able to give investors an enticing story since there is the possibility that the firm will eventually reach scale and make money. In Beyond Meat’s case, however, the company has awful profit margins and revenue is plunging. That’s a recipe for disaster. Affirm (AFRM) Smartphone with website of US financial technology company Affirm Holdings Inc (AFRM) on screen with logo Focus on top-left of phone display Source: Wirestock Creators / Shutterstock.com Affirm (NASDAQ: AFRM ) is a fintech company seeking to disrupt the payments industry. Its mission is to bring “buy now, pay later” technology to consumers. Buy now, pay later is intended to give consumers the ability to make purchases over a series of payments while avoiding the interest that would be incurred with a traditional credit card that wasn’t paid off promptly. In practice, Affirm has struggled to make the model work. It charges vendors for offering the buy now, pay later service since it should help drive sales growth at said retailers. But, it appears Affirm isn’t charging vendors enough to underwrite the service. The company lost $360 million in the most recently reported quarter alone. Its operating loss was 84% higher than in the comparable quarter in 2021. This is a classic example of a company increasing losses as the business expanded, which is never a good sign. And with soaring interest rates and a weakening economy, Affirm could see rising credit losses going forward. Affirm was already in trouble given its large operating losses and mounting macroeconomic concerns. But Apple (NASDAQ: AAPL ) may have just put the final nail in Affirm’s coffin. In late March, Apple announced it is rolling out its own buy now, pay later service. Given Apple’s existing payments technology and tremendous brand, this is likely to siphon off a significant chunk of Affirm’s existing customer base. Put Affirm on your list of stocks to avoid. Riot Platforms (RIOT) Macro view of miner working for bitcoins mine pool. Devices and technology for mining cryptocurrency. Mining cryptocurrency concept. MARA stock. Crypto mining. Source: Yev_1234 / Shutterstock Riot Platforms (NASDAQ: RIOT ) is a company primarily focused on the mining of cryptocurrency such as Bitcoin ( BTC-USD ). Investors became enamored with these types of companies several years ago when cryptocurrency prices were soaring. However, that has all changed. Several major cryptocurrencies collapsed. This, in turn, caused various investment firms related to crypto to shut down. Now the problems have spread to the banking sector, with banks that focused on cryptocurrency, such as Silvergate Bank , becoming insolvent . Additionally, regulators are cracking down on major remaining cryptocurrency exchanges. All this to say that cryptocurrency has entered a deep freeze. That’s bad for the likes of Riot Platforms. Indeed, its cryptocurrency mining revenue slid 15% from $184.4 million in 2021 to $156.9 million in 2022 . The company lost $509.6 million in 2022 thanks primarily to impairments related to overpriced acquisitions, falling values of mining equipment, and a decrease in the value of cryptocurrency held on the firm’s balance sheet. Despite the company’s massive problems, RIOT stock has rallied sharply in recent weeks. This makes little sense. A market cap of $1.7 billion is far too rich for an unprofitable firm with modest revenue in a struggling industry. On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Dangerous Stocks to Avoid at All Costs appeared first on InvestorPlace .', 'Investors are always looking for a good bargain. And companies whose share prices have plunged can represent great buying opportunities if conditions are right. But there are some stocks to avoid at any price given their operating losses and flawed business models.\nTraders tolerated large losses in recent years if a company seemingly had a path to robust profitability. However, the recent bear market changed that, and time is running out for a lot of struggling growth enterprises.\nThe three stocks to avoid below seem to be lost causes. Between flawed strategic plans, poor operating results and current economic headwinds, it’s hard to see a road to recovery for any of them.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"BYND": "AFRM", "Beyond Meat": "Affirm", "$16.23": "$11.27"}, {"BYND": "RIOT", "Beyond Meat": "Riot Platforms", "$16.23": "$9.99"}]\nSource: Shutterstock\nBeyond Meat(NASDAQ:BYND) is a small consumer staples company seeking to redefine the protein space. The firm initially reached prominence with its plant-based meat patties. It has since launched other plant-based items such as sausage and jerky. As Beyond Meat partnered with prominent fast-food chains and grocery stores, shares soared on hopes that the innovator would take off.\nAlas, it wasn’t meant to be. Beyond Meat’sniche remains smalland it faces intense competition from other plant-based protein alternatives. As a result, revenue peaked in 2021 and began to tumble.\nIn 2022, the company saw revenue decline 9.8% year over year to $418.9 million. It also had a negative gross margin of -5.7%, meaning it cost more to assemble its plant patties and other products than it got from selling them. And that’s before accounting for overhead such as marketing, executive compensation and taxes. Just in making and selling its products, Beyond Meat is now losing money.\nOn an adjusted EBITDA basis, Beyond Meat lost $278 million in 2022, or more than 66% of its net revenue. That’s simply disastrous.\nMost growth companies are able to give investors an enticing story since there is the possibility that the firm will eventually reach scale and make money. In Beyond Meat’s case, however, the company has awful profit margins and revenue is plunging. That’s a recipe for disaster.\nSource: Wirestock Creators / Shutterstock.com\nAffirm(NASDAQ:AFRM) is a fintech company seeking to disrupt the payments industry. Its mission is to bring “buy now, pay later” technology to consumers. Buy now, pay later is intended to give consumers the ability to make purchases over a series of payments while avoiding the interest that would be incurred with a traditional credit card that wasn’t paid off promptly.\nIn practice, Affirm has struggled to make the model work. It charges vendors for offering the buy now, pay later service since it should help drive sales growth at said retailers. But, it appears Affirm isn’t charging vendors enough to underwrite the service.\nThe companylost $360 millionin the most recently reported quarter alone. Its operating loss was 84% higher than in the comparable quarter in 2021. This is a classic example of a company increasing losses as the business expanded, which is never a good sign. And with soaring interest rates and a weakening economy, Affirm could see rising credit losses going forward.\nAffirm was already in trouble given its large operating losses and mounting macroeconomic concerns. ButApple(NASDAQ:AAPL) may have just put the final nail in Affirm’s coffin. In late March, Apple announcedit is rolling outits own buy now, pay later service. Given Apple’s existing payments technology and tremendous brand, this is likely to siphon off a significant chunk of Affirm’s existing customer base.\nPut Affirm on your list of stocks to avoid.\nSource: Yev_1234 / Shutterstock\nRiot Platforms(NASDAQ:RIOT) is a company primarily focused on the mining of cryptocurrency such asBitcoin(BTC-USD). Investors became enamored with these types of companies several years ago when cryptocurrency prices were soaring.\nHowever, that has all changed. Several major cryptocurrencies collapsed. This, in turn, caused various investment firms related to crypto to shut down. Now the problems have spread to the banking sector, with banks that focused on cryptocurrency, such asSilvergate Bank,becoming insolvent. Additionally,regulators are cracking downon major remaining cryptocurrency exchanges.\nAll this to say that cryptocurrency has entered a deep freeze. That’s bad for the likes of Riot Platforms. Indeed, its cryptocurrency mining revenue slid 15% from $184.4 million in 2021 to$156.9 million in 2022. The company lost $509.6 million in 2022 thanks primarily to impairments related to overpriced acquisitions, falling values of mining equipment, and a decrease in the value of cryptocurrency held on the firm’s balance sheet.\nDespite the company’s massive problems, RIOT stock has rallied sharply in recent weeks. This makes little sense. A market cap of $1.7 billion is far too rich for an unprofitable firm with modest revenue in a struggling industry.\nOn the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nIan Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 million. Do this now.\n• Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It\nThe post3 Dangerous Stocks to Avoid at All Costsappeared first onInvestorPlace.', "The greatest unanswered question in crypto (aside from when will the U.S. create intelligible rules and regulations) is: Who is Satoshi Nakamoto ? While some have claimed to be the enigmatic creator of Bitcoin and others have had their lives turned upside down by media speculation, the mystery continues. So I figured that now that AI appears to know and see all, maybe it could give us a glimpse into what Satoshi may look like. I started with ChatGPT4, which doesn’t generate images but is the AI text engine that is eating the world these days. I asked it what prompt I should use for its sister AI, Dall-E. It recommended: “Generate a series of artistic renderings that imagine the possible appearance of Satoshi Nakamoto, the mysterious creator of Bitcoin. Feel free to explore various styles, ethnicities, and time periods while incorporating visual elements related to cryptocurrency and technology in the illustrations.” Cool, cool. I fed that into Midjourney, curious to see what would come out. The first one that popped out was a Jedi Knight, an Obi-Wan Kenobi-type character. Clearly, Midjourney has been watching too much Star Wars: The next one looked equally mythic: But then it went on a different tangent and coughed up a cross between Sherlock Holmes and Dumbledore: For some reason, all of these Nakamotos have beards, which is weird. Or maybe that’s how Midjourney interpreted “mysterious?” Whatever. Next, I fed that prompt into DALL-E and got this, which is definitely worthy of a T-shirt: Then for giggles, I used the same prompt but asked for a photo: WTF? Battahoch? Battahoch. Even ChatGPT4 was baffled: “I’m sorry, but I couldn’t find any information on the term 'Battahoch.' It could be a typo or a word from a fictional work, a specific subculture, or a term that has not gained widespread recognition.” But let’s not stop there. A thriving movement in Web3 says, “Satoshi is Female,” I asked Midjourney and Dall-E to imagine what this mysterious woman might look like. Definitely mysterious in a kind of Botticelli/Venus-y way. And there were two almost anime-like treatments: Some theories suggest that Nakamoto is a collective of people interested in digital money back in the days of the cypherpunks mailing list when Nakamoto first contacted Hal Finney about his new creation. Proponents of the “Satoshi is a group of people” theory include Finney, Blockstream CEO Adam Back, OG cryptographer Nick Szabo, and Ethereum co-founder Joseph Lubin in that group. Suitably prompted, here’s what the Satoshi Conglomerate looks like: Wow, Lubin really looks like Walter White. Story continues Finally, I tried running the usual suspects through Playground, and what it produced was, well, the stuff of bad dreams: In fact, I am sorry I ever started down this path. View comments", "The greatest unanswered question in crypto (aside from when will the U.S. create intelligible rules and regulations) is:Who is Satoshi Nakamoto? Whilesome have claimedto be the enigmatic creator of Bitcoin andothers have had their lives turned upside downby media speculation, the mystery continues.\nSo I figured that now that AI appears to know and see all, maybe it could give us a glimpse into what Satoshi may look like.\nI started with ChatGPT4, which doesn’t generate images but is the AI text engine that is eating the world these days. I asked it what prompt I should use for its sister AI, Dall-E. It recommended: “Generate a series of artistic renderings that imagine the possible appearance of Satoshi Nakamoto, the mysterious creator of Bitcoin. Feel free to explore various styles, ethnicities, and time periods while incorporating visual elements related to cryptocurrency and technology in the illustrations.”\nCool, cool. I fed that into Midjourney, curious to see what would come out.\nThe first one that popped out was a Jedi Knight, an Obi-Wan Kenobi-type character. Clearly, Midjourney has been watching too much Star Wars:\nThe next one looked equally mythic:\nBut then it went on a different tangent and coughed up a cross between Sherlock Holmes and Dumbledore:\nFor some reason, all of these Nakamotos have beards, which is weird. Or maybe that’s how Midjourney interpreted “mysterious?” Whatever.\nNext, I fed that prompt into DALL-E and got this, which is definitely worthy of a T-shirt:\nThen for giggles, I used the same prompt but asked for a photo:\nWTF? Battahoch? Battahoch. Even ChatGPT4 was baffled: “I’m sorry, but I couldn’t find any information on the term 'Battahoch.' It could be a typo or a word from a fictional work, a specific subculture, or a term that has not gained widespread recognition.”\nBut let’s not stop there. A thriving movement in Web3 says, “Satoshi is Female,” I asked Midjourney and Dall-E to imagine what this mysterious woman might look like.\nDefinitely mysterious in a kind of Botticelli/Venus-y way. And there were two almost anime-like treatments:\nSome theories suggest that Nakamoto is a collective of people interested in digital money back in the days of the cypherpunks mailing list when Nakamoto first contacted Hal Finney about his new creation. Proponents of the “Satoshi is a group of people” theory include Finney, Blockstream CEO Adam Back, OG cryptographer Nick Szabo, and Ethereum co-founder Joseph Lubin in that group. Suitably prompted, here’s what the Satoshi Conglomerate looks like:\nWow, Lubin really looks like Walter White.\nFinally, I tried running the usual suspects through Playground, and what it produced was, well, the stuff of bad dreams:\nIn fact, I am sorry I ever started down this path.", "In just shy of two weeks, if all goes to plan, Ethereum\x92s eagerly anticipated Shanghai upgrade will go live, enabling the withdrawal of staked ETH from the blockchain network and effectively completing its years-long transition to proof of stake. Since December 2020, when Ethereum began that journey to a proof-of-stake model\x97in which users stake cryptocurrency with a network to validate on-chain transactions, and then are rewarded for that participation with newly generated cryptocurrency\x97network participants have deposited over $32.95 billion worth of ETH with the network. In September , Ethereum\x92s merge event successfully upgraded the network\x92s mainnet to a proof-of-stake consensus mechanism, forever changing the way Ethereum transactions are processed and reducing the network\x92s carbon footprint by 99% , according to figures from the Ethereum Foundation. But the merge did not grant stakers on the network the ability to withdraw deposited ETH or the rewards generated by those deposits. Those funds remain captive on Ethereum; Shanghai will finally, after over two years, make them accessible. On April 12, at 11:27 pm UTC , Shanghai will activate. What will that seismic moment in Ethereum\x92s history mean for the network, for its participants, and for the broader crypto ecosystem? ETH better have my money As a technical matter, Shanghai will be less involved than one might expect. The vast majority of Ethereum stakers, who have deposited their ETH with the network through intermediaries like Lido and Coinbase, won\x92t need to do anything on their ends once Shanghai goes live\x97besides wait. Staked ETH, and the rewards generated by those funds, will be made available for withdrawal by intermediaries at varying dates following Shanghai\x92s successful implementation. Lido, the largest ETH staking intermediary, recently announced that such capability will be introduced about a month after the upgrade, after a series of audits and safety checks. Story continues Coinbase, meanwhile, has not offered a firm timetable for rolling out staked ETH withdrawals, saying the process could take up to several months for some customers. All Ethereum network participants staking via third parties should check with those companies as to when their funds will be made available. For the smaller number of independent validators who have staked directly with Ethereum (that pool is smaller because Ethereum requires validators to deposit at least 32 ETH, or just over $58,000 at writing, to stake with the network), matters will be only slightly more hands-on. Validators must first provide a withdrawal address for staked funds to be sent to; typically, most validators already submitted that address during the staking deposit process. Once a withdrawal address has been submitted to Ethereum, it cannot be changed. Validators can then opt for either a partial or full withdrawal. A partial withdrawal will send all funds and rewards generated beyond the minimum deposit amount of 32 ETH to a validator\x92s withdrawal address. If a validator\x92s withdrawal credentials are updated , then partial withdrawals will be sent to their withdrawal address automatically. Independent stakers can also opt for a full withdrawal, which removes a user\x92s full stake, including original deposits of 32 ETH, from Ethereum, ending a validator\x92s participation in the transaction validation process. To fully withdraw from Ethereum\x92s staking process, a validator need only send a single exit message to the network using their validator keys and validator client. Partial and full withdrawals will be processed in the order they are received by the network; based on the expected amount of traffic to come immediately following Shanghai\x92s implementation, that initial queue could last up to 2 to 3 days. What will Shanghai mean for the Ethereum ecosystem? While Shanghai will certainly be a notable event for individual stakers, and carries great symbolic significance as the culmination of Ethereum\x92s transformation to a functional proof-of-stake network, the upgrade will not meaningfully change the way that users interact with Ethereum, nor the underlying economics of the network itself. \x93Most people have been able to sell [staked ETH] for quite some time, because the majority of ETH is being staked through platforms with liquid staking tokens, like Lido or Rocket Pool,\x94 Jacob Cantele, head of product at Ethereum layer-2 Mantle , told Decrypt . \x93So I don't actually think [Shanghai] represents a major shift in the economics of Ethereum.\x94 The vast majority of ETH staked with Ethereum has, up to this point, been deposited with the network via third-party intermediaries, including staking pools like Lido, Rocket Pool, and Stakefish, as well as centralized crypto exchanges such as Coinbase, Kraken, and Binance. This is largely due to the fact, as mentioned above, that an individual validator must possess 32 ETH, or just over $58,000 at writing, to stake directly with Ethereum. Intermediary staking services generally allow for ETH deposits of any amount, in exchange for a small service fee. Many of those intermediaries have issued tokens representing staked ETH to their customers, meaning that a sizable portion of the capital supposedly held captive in Ethereum\x92s staking deposit contract has been traveling freely around the crypto ecosystem for years. And with Ethereum\x92s internal mechanisms fully converted to proof of stake since September, the network looks poised to chug along post-Shanghai without much noticeable difference. \x93Shanghai\x92s very exciting, but I do think it's just another step in the progression forward,\x94 Alison Mangiero, executive director of Proof of Stake Alliance, an advocacy group for proof-of-stake blockchain networks like Ethereum, told Decrypt. What will Shanghai mean for the broader crypto climate? But whereas matters within Ethereum appear likely to look largely unchanged following Shanghai, the political landscape beyond the network\x92s virtual borders may be much more substantially impacted by the upgrade. In the last year, and particularly since the stunning collapse of crypto exchange FTX in November , American regulators have cracked down heavily on crypto companies, most recently those offering staking services. In February, the SEC hit centralized crypto exchange Kraken with a $30 million fine , alleging the company\x92s intermediary staking services constituted illegal securities offerings. Kraken competitors like Coinbase took the opportunity to clarify that their own staking services did not determine rates of return on staked deposits in-house, as Kraken\x92s had, and therefore should not be considered yield products. Last week, regardless, the SEC issued Coinbase with a Wells Notice , alleging that company\x92s staking services also constitute unregistered securities. Such a notice indicates that an enforcement action in the form of a lawsuit from the SEC is likely forth-coming. SEC Warns Coinbase of Enforcement Over Its Staking Rewards Products Shanghai\x92s implementation alone may not immediately change the calculus of the SEC\x92s escalating war with staking intermediaries. But it could place another, much larger staking-related target in the federal agency\x92s crosshairs: Ethereum itself. The very day the merge successfully transitioned Ethereum to proof of stake in September, SEC chair Gary Gensler, according to the Wall Street Journal , told reporters that proof of stake networks could be considered securities offerings due to their rewards mechanisms, all-but calling out Ethereum by name. Since that date, Gensler has slowly but surely built the case that ETH is likely a security , primarily by suggesting that \x93only Bitcoin\x94 is a commodity. It is possible that the SEC\x97which has long-defined \x93investment contracts,\x94 a type of security, as investments made with an \x93expectation of profits to be derived from the efforts of others\x94\x97might use the implementation of Shanghai as evidence of the fulfillment of a securities arrangement between ETH stakers and the core Ethereum team that implemented the upgrade. \x93People aren't going to get the [Ethereum] that they've earned as staking rewards, unless the Shanghai upgrade is successful,\x94 Michael Selig, an attorney specializing in crypto regulation, who previously worked for the CFTC, told Decrypt . \x93Who's coordinating that? The SEC might have a list of people. It\x92s the essential efforts being performed by these guys to make it happen.\x94 While Selig adamantly believes such a move on the SEC\x92s part would constitute a misinterpretation of securities law, particularly given the decentralization of the Ethereum core development team, he fears it may be a path forward to censoring the Ethereum network as a whole. Ethereum Is One Step Away From Staked ETH Withdrawals \x93What do they have to say? \x91Look, these are investment contracts, and here\x92s evidence that there\x92s management or efforts being made by certain people,\x92\x94 Selig said. Such an argument would not likely be made until withdrawals are enabled on Ethereum, and the theoretical contract between Ethereum and its users is fulfilled. Should the Shanghai upgrade fail \x97an unlikely scenario, given the diligence and track record of Ethereum\x92s core developers\x
**Last 60 Days of Bitcoin's Closing Prices:**
[23139.28, 23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-01
**Financial & Commodity Data:**
- Gold Closing Price: $1969.00
- Crude Oil Closing Price: $75.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $551,516,157,088
- Hash Rate: 326003728.2039299
- Transaction Count: 319646.0
- Unique Addresses: 702374.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Timothy A. Clary/AFP via Getty Images US stocks jumped as investors await the Fed's monetary policy decision on Wednesday. The central bank is expected to hike rates 25 basis points as inflation remains high. Bank stocks rallied as Treasury Secretary Janet Yellen said deposit insurance could expand. US stocks rose on Tuesday as investors prepared for the Fed's next interest rate decision while the bank sector rallied on prospects for more deposit insurance. Central bankers began their two-day Federal Open Markets Committee meeting and are set to deliver their next policy move on Wednesday afternoon. Markets are pricing in an 83% chance the Fed hikes rates by 25 basis points. Bank stocks rose after Treasury Secretary Janet Yellen said the government's deposit protection could be expanded. First Republic Bank stock jumped as high as 45%, a day after plunging to a record-low. Meanwhile, the SPDR S&P Regional Banking exchange traded fund surged 5%, its best day since January 2021. Here's where US indexes stood shortly after the close at 4:00 p.m. on Tuesday: S&P 500 : 4,002.89, up 1.30% Dow Jones Industrial Average : 32,560.60, up 0.98% (316.02 points) Nasdaq Composite : 11,860.11, up 1.58% Here's what else happened today: Investors think a systemic credit event is now the number one risk to the stock market, Bank of America said. Nouriel Roubini and Jeremy Grantham sounded the alarm for stocks in a new documentary. Billionaire investor Nelson Peltz said money flying out of banks was dangerous, and had an idea for the Fed to stop bank runs. Meta stock could surge 25% as its TikTok competitor and engagement show improvement, Morgan Stanley said. "Big Short" investor Steve Eisman thinks today's banking turmoil is nowhere near close to a repeat of 2008. In commodities, bonds and crypto: West Texas Intermediate crude oil rose 2.75% to $69.50 per barrel. Brent crude , oil's international benchmark, slipped 0.24% to trade at $75.14. Gold fell 2.06% to $1,937.70 per ounce. The yield on the 10-year Treasury rose 12 basis points to 3.606%. Bitcoin ticked higher 1.35% to $28,158.21. Read the original article on Business Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Find our list of the best betting apps for cricket betting in India below. New Delhi, India --News Direct-- Acroud Media Cricket is the biggest sport in India, meaning there is naturally plenty of betting interest in it from across the country. The best and most convenient place to bet on the sport is with cricket betting apps, where you can bet on the go via your mobile device any time you wish. These best cricket betting apps are legal and fully licensed to use by residents in India to bet on the biggest cricket events over the course of the year. Continue on to learn more about the best cricket betting apps in India and how to download them onto your mobile phone today. Best Betting Apps for Cricket Betting in India Betway bet365 1XBet Melbet Parimatch 22Bet BetWinner Dafabet 10Bet Rajabets Best Cricket Betting Apps There are plenty of real money cricket betting apps that can be downloaded in India, but not all of them can be trusted. We have featured the top 10 cricket betting apps in India in our online cricket betting app list below, all of which are fully licensed and trusted sites that you can put your faith in. These can all be downloaded today to place bets on in just a matter of minutes. 18+ Gambling Can Be Addictive. Please Play Responsibly. BeGambleAware GamStop Gambling Commission Betway Betway is a well-respected brand in multiple countries and has one of the best apps for cricket betting. The Betway app can be downloaded in a quick and easy fashion and has become extremely popular since launching in India. It comes packed with plenty of accepted payment methods and has a huge number of cricket betting markets for customers to browse. bet365 bet365 is a huge name in sports betting and is one of the best cricket betting brands around. They are without doubt one of the best betting apps in India for cricket with an enormous range of cricket markets available to bet on. There is also a low deposit amount available on bet365, making it an accessible betting app to bet on cricket. bet365 is also one of the best IPL betting apps thanks to the depth of their service. Story continues 1XBet Next on our list of online cricket betting apps is 1XBet, which has a fantastic betting app that is perfect for cricket betting. They have one of the best apps for cricket betting thanks to the quality of the app, which is quick and responsive and easy to use even for less experienced gamblers. 1XBet also comes with a low minimum deposit, making it easier for players to deposit and play. Melbet Established in 2012, Melbet is newer than some of the other brands that are featured on this list but still should be trusted nevertheless as they are fully licensed. New customers that download and sign-up to this cricket betting app can get their hands on a solid welcome bonus, as well as having access to their various cricket betting markets. Parimatch Parimatch allows its customers to bet on all of the most popular formats of cricket including test matches, T20 and one-day internationals with extremely competitive odds in these markets. Parimatch also has a vast selection of payment methods for their customers to choose from, as well as an extremely easy-to-use app. 22Bet 22Bet is renowned as one of the best online cricket betting apps thanks to the great betting experience provided to its players. They have one of the most in-depth selections of cricket betting markets and the strong selection of payment methods makes it easy to deposit and withdraw money. New customers at 22Bet can also claim a generous welcome bonus. BetWinner First coming into the market in 2018, BetWinner is a new cricket betting app with plenty to admire. Their platform is user-friendly on both iOS and Android devices and has the same functionality as the mobile site. It is easy to find the markets that you are looking for and they have plenty of cricket markets for their customers to choose between. Dafabet The next brand in our list of the top 10 cricket betting apps in India is Dafabet, which covers all major tournaments in cricket on its mobile platform. Users can take advantage of several INR payment options when using Dafabet, which accepts deposits and withdrawals in rupees. There is a real emphasis on cricket betting on this site, which is exactly what cricket bettors will want to see. 10Bet 10Bet is a popular brand for sports bettors in India, not least because of its excellent cricket offering. 10Bet’s mobile app is extremely easy to use and well-presented, allowing customers to place their cricket bets with minimal fuss. It is one of the most aesthetically pleasing cricket betting apps that is featured on this list. Rajabets Last but not least is Rajabets, which also has a cricket betting app in India that can be downloaded by residents. They officially accept Indian players and are a fully licensed and regulated brand, meaning you can put your trust in their services. Rajabets boast a strong selection of cricket betting markets from all across the world and competitive odds within them. How to download a Cricket Betting App If you are interested in downloading cricket betting apps in India onto your mobile device, you can do so in just a few simple steps. For iOS users, head over to the App Store and search for the brand that you are interested in and hit download. It is free to download all of the apps that are listed above. If you have an Android device, you will need to download the APK of your chosen betting site — ensuring that you do so from a verified and safe source, namely the betting site itself. Once you have downloaded the app onto your device, you will then need to create an account. How to create an account Click one of the links above to be taken to the sign-up page of your chosen cricket betting app. The best betting apps for cricket have made it an easy process to create an account online, which starts by entering personal details such as your name, date of birth and address. You will also be required to provide verification of your identity, as well as choosing a username and password that will become your login details. Once your account has been verified, you will then be able to log in using your downloaded cricket betting app, make a deposit and begin betting. How we choose the Best Betting Apps for Cricket When choosing the best online cricket betting apps, there are a number of factors that we look out for. This strict list of criteria must be met and ensures that only the very best cricket betting apps make it through and pass the test. We will look for each of the following factors when assessing the strength of a cricket betting app in India. Range of Cricket Markets First and foremost, we want to see that there is a strong selection of cricket markets for customers to bet on. It is important that the range of markets is diverse, ranging from one-day internationals and T20 matches to five-day test cricket. We want to see the biggest tournaments covered too, such as the ICC World Cup and IPL. The best cricket betting apps will also have a strong choice of markets for single matches, such as top batsman, top bowler and player of the match. Betting Offers & Bonuses Up next is the various betting offers and bonuses that the betting app is offering customers. The first thing we want to see is a strong welcome bonus available to new customers, giving them the opportunity to get settled on the new platform with an impressive bonus to use on top of their initial deposit amount. Further existing customer offers around cricket are another important factor, as these can help retain an interest in a cricket betting app once you have played through the initial bonus. The best betting sites and apps alike will all have a strong selection of betting offers. Security Unfortunately, there are plenty of cricket betting apps in India that aren’t what they appear to be and put users’ information in jeopardy. As such, we have only included fully licensed operators in our list of the best cricket betting apps in India to ensure your safety when placing bets using them. Easy To Use Nobody wants to be searching for an eternity looking for their preferred cricket betting markets and ultimately wasting their time. That is why we have only included brands that have produced easy-to-use betting apps for cricket in particular. As cricket is the biggest sport in India, it is no surprise there is a real emphasis on the sport with each of the available brands listed. App Speed Similar to the above, this relates to the usability and functionality of the cricket betting app itself. Any mobile app user wants to know the platform will be fast and responsive to actions and, in this case, enable you to place your cricket bets in a swift manner. Slow cricket apps have been left by the wayside. Customer Support If you run into any issues or have any questions regarding your cricket betting app, it’s important to know that help is on hand to assist you in any way possible. We like to see a variety of customer support options on offer from any brand, including a live chat service for the quickest response possible. Other customer support options you are likely to see include an FAQs section, email address, telephone number or even help via social media channels. Payment Methods Having a variety of payment methods is essential to ensure easy deposits and withdrawals from your online betting account. In India, one of the most popular is UPI, which is available through many of the listed cricket betting apps above. Other popular payment methods include Netbanking, Paytm, Google Pay, Skrill, PayPal, Neteller and cryptocurrencies like Bitcoin. Popular Cricket Tournaments To Bet On In India It is common for the best cricket betting apps in India to offer customers the opportunity to bet on the biggest and best cricket events throughout the calendar. There are some enormous annual cricket events that draw huge numbers of viewers and, as such, people who want to bet on the action. We have only included cricket betting apps in India that enable you to bet on each of the following tournaments/events from the world of cricket. IPL It goes without saying that the IPL (Indian Premier League) has to be on any cricket betting app worth your time in India. It is the biggest cricket tournament in India, which has taken place every year since its inaugural season in 2008. There is huge money available in the IPL, which features 10 teams and some of the biggest stars from the world of cricket. A total of 70 group matches take place before the Playoffs, after which a further four matches are played, including the IPL Final, to decide the winner of the tournament. There are a vast range of IPL betting sites in India that can be accessed and are extremely popular. ICC World Cup The ICC World Cup is the biggest international tournament in cricket, featuring the best teams and players that one-day cricket has to offer. Matches are played over 50 overs and features a league stage before entering a knockout stage in the semi-finals. Running since 2015, the ICC World Cup is seen as the biggest international event in the sport and is one of the world’s most viewed sporting events. Big Bash League The Big Bash League is Australia’s answer to the Indian Premier League and takes place through December and January each year. There are a total of eight teams that compete in the Big Bash League each year, which starts with the regular reason where each team plays each other twice to decide the order of the league table. The top five teams in the league table progress to the play-offs, where the winner is eventually decided after a further five matches are played, ending with the Big Bash League Final. The Ashes The oldest and most famous cricket series is the Ashes, which is contested between England and Australia. The two nations face each other in a best-of-five, five-day test series that sees home advantage alternate each year. The winner of the Ashes keeps the famous Ashes urn and also retains it in the next series should it end in a draw. T20 World Cup In 2007, the ICC T20 World Cup was made as the shorter format equivalent to the 50-over ICC World Cup. The T20 World Cup sees matches played over the course of 20 overs each and also features a group stage featuring two groups, with the top two teams from each progressing through to the semi-finals. Three knockout games are then played to decide the T20 world champions. Asia Cup The inaugural edition of the ACC Asia Cup was in 1984 and has remained an important tournament for competing nations ever since. India, Sri Lanka and Pakistan have dominated the tournament since its infancy, which has been played alternately between ODI and T20 formats since 2016. Cricket Live Streaming One huge bonus that comes with a number of these listed cricket betting apps is the ability to live stream cricket games. These live cricket betting apps also have the functionality to bet in-play — meaning you can bet on and watch your favourite cricket events at the same time. If this is something that interests you, be sure to sign up and download one of these cricket live streaming apps. It will be stated in the terms and conditions of your selected cricket betting app of everything you will need to do to successfully live stream cricket events from your account. Cricket Betting App Bonuses There are plenty of betting bonuses that can be claimed when you download any one of these cricket betting apps. All of the best cricket betting apps in India that we have listed will produce bonuses and betting offers for their customers — both new and existing — to claim and use to bet on cricket. Below, we have featured some of the most popular betting app bonuses that you can expect to see that can be used on cricket. Welcome Offer A welcome offer has become standard practice amongst the majority of brands in India and other countries. It gives new customers the opportunity to claim a bonus to use on the site once they have created an account and made their first deposit with them. This will often come in the shape of a deposit match bonus but is not exclusive to only this type of bonus. Free Bets There are few betting bonuses that get the excitement going quite like the lure of free bet offers . These enable customers to have free bet credits to use to bet on their favourite sporting events, in this instance cricket. Cricket free bets can be obtained in a variety of methods, such as in a bet and get bonus, a loyalty club or as part of a welcome offer. Deposit Bonus Deposit bonuses require sports betting customers to make a deposit themselves before receiving the bonus in return. The size of your deposit bonus will generally be given as a set percentage of the size of your own deposit, meaning a 100% deposit bonus will double the funds you have to play with — half as cash and half as bonus money. Deposit bonuses are amongst the most common sports betting bonus types that you will see in cricket betting apps. FAQs Are Cricket Betting Apps legal in India? Yes, cricket betting apps are legal to use in India. Can I win real money betting on Cricket in India? Cricket betting apps in India operate using real money, meaning users can win and stake real money. What are the Best Cricket Betting Apps in India? You can find the best cricket betting apps in India above by looking at our list of the best betting apps above. Contact Details Acroud Media [email protected] View source version on newsdirect.com: https://newsdirect.com/news/best-cricket-betting-apps-in-india-366892481', 'Find our list of the best betting apps for cricket betting in India below. New Delhi, India --News Direct-- Acroud Media Cricket is the biggest sport in India, meaning there is naturally plenty of betting interest in it from across the country. The best and most convenient place to bet on the sport is with cricket betting apps, where you can bet on the go via your mobile device any time you wish. These best cricket betting apps are legal and fully licensed to use by residents in India to bet on the biggest cricket events over the course of the year. Continue on to learn more about the best cricket betting apps in India and how to download them onto your mobile phone today. Best Betting Apps for Cricket Betting in India Betway bet365 1XBet Melbet Parimatch 22Bet BetWinner Dafabet 10Bet Rajabets Best Cricket Betting Apps There are plenty of real money cricket betting apps that can be downloaded in India, but not all of them can be trusted. We have featured the top 10 cricket betting apps in India in our online cricket betting app list below, all of which are fully licensed and trusted sites that you can put your faith in. These can all be downloaded today to place bets on in just a matter of minutes. 18+ Gambling Can Be Addictive. Please Play Responsibly. BeGambleAware GamStop Gambling Commission Betway Betway is a well-respected brand in multiple countries and has one of the best apps for cricket betting. The Betway app can be downloaded in a quick and easy fashion and has become extremely popular since launching in India. It comes packed with plenty of accepted payment methods and has a huge number of cricket betting markets for customers to browse. bet365 bet365 is a huge name in sports betting and is one of the best cricket betting brands around. They are without doubt one of the best betting apps in India for cricket with an enormous range of cricket markets available to bet on. There is also a low deposit amount available on bet365, making it an accessible betting app to bet on cricket. bet365 is also one of the best IPL betting apps thanks to the depth of their service. Story continues 1XBet Next on our list of online cricket betting apps is 1XBet, which has a fantastic betting app that is perfect for cricket betting. They have one of the best apps for cricket betting thanks to the quality of the app, which is quick and responsive and easy to use even for less experienced gamblers. 1XBet also comes with a low minimum deposit, making it easier for players to deposit and play. Melbet Established in 2012, Melbet is newer than some of the other brands that are featured on this list but still should be trusted nevertheless as they are fully licensed. New customers that download and sign-up to this cricket betting app can get their hands on a solid welcome bonus, as well as having access to their various cricket betting markets. Parimatch Parimatch allows its customers to bet on all of the most popular formats of cricket including test matches, T20 and one-day internationals with extremely competitive odds in these markets. Parimatch also has a vast selection of payment methods for their customers to choose from, as well as an extremely easy-to-use app. 22Bet 22Bet is renowned as one of the best online cricket betting apps thanks to the great betting experience provided to its players. They have one of the most in-depth selections of cricket betting markets and the strong selection of payment methods makes it easy to deposit and withdraw money. New customers at 22Bet can also claim a generous welcome bonus. BetWinner First coming into the market in 2018, BetWinner is a new cricket betting app with plenty to admire. Their platform is user-friendly on both iOS and Android devices and has the same functionality as the mobile site. It is easy to find the markets that you are looking for and they have plenty of cricket markets for their customers to choose between. Dafabet The next brand in our list of the top 10 cricket betting apps in India is Dafabet, which covers all major tournaments in cricket on its mobile platform. Users can take advantage of several INR payment options when using Dafabet, which accepts deposits and withdrawals in rupees. There is a real emphasis on cricket betting on this site, which is exactly what cricket bettors will want to see. 10Bet 10Bet is a popular brand for sports bettors in India, not least because of its excellent cricket offering. 10Bet’s mobile app is extremely easy to use and well-presented, allowing customers to place their cricket bets with minimal fuss. It is one of the most aesthetically pleasing cricket betting apps that is featured on this list. Rajabets Last but not least is Rajabets, which also has a cricket betting app in India that can be downloaded by residents. They officially accept Indian players and are a fully licensed and regulated brand, meaning you can put your trust in their services. Rajabets boast a strong selection of cricket betting markets from all across the world and competitive odds within them. How to download a Cricket Betting App If you are interested in downloading cricket betting apps in India onto your mobile device, you can do so in just a few simple steps. For iOS users, head over to the App Store and search for the brand that you are interested in and hit download. It is free to download all of the apps that are listed above. If you have an Android device, you will need to download the APK of your chosen betting site — ensuring that you do so from a verified and safe source, namely the betting site itself. Once you have downloaded the app onto your device, you will then need to create an account. How to create an account Click one of the links above to be taken to the sign-up page of your chosen cricket betting app. The best betting apps for cricket have made it an easy process to create an account online, which starts by entering personal details such as your name, date of birth and address. You will also be required to provide verification of your identity, as well as choosing a username and password that will become your login details. Once your account has been verified, you will then be able to log in using your downloaded cricket betting app, make a deposit and begin betting. How we choose the Best Betting Apps for Cricket When choosing the best online cricket betting apps, there are a number of factors that we look out for. This strict list of criteria must be met and ensures that only the very best cricket betting apps make it through and pass the test. We will look for each of the following factors when assessing the strength of a cricket betting app in India. Range of Cricket Markets First and foremost, we want to see that there is a strong selection of cricket markets for customers to bet on. It is important that the range of markets is diverse, ranging from one-day internationals and T20 matches to five-day test cricket. We want to see the biggest tournaments covered too, such as the ICC World Cup and IPL. The best cricket betting apps will also have a strong choice of markets for single matches, such as top batsman, top bowler and player of the match. Betting Offers & Bonuses Up next is the various betting offers and bonuses that the betting app is offering customers. The first thing we want to see is a strong welcome bonus available to new customers, giving them the opportunity to get settled on the new platform with an impressive bonus to use on top of their initial deposit amount. Further existing customer offers around cricket are another important factor, as these can help retain an interest in a cricket betting app once you have played through the initial bonus. The best betting sites and apps alike will all have a strong selection of betting offers. Security Unfortunately, there are plenty of cricket betting apps in India that aren’t what they appear to be and put users’ information in jeopardy. As such, we have only included fully licensed operators in our list of the best cricket betting apps in India to ensure your safety when placing bets using them. Easy To Use Nobody wants to be searching for an eternity looking for their preferred cricket betting markets and ultimately wasting their time. That is why we have only included brands that have produced easy-to-use betting apps for cricket in particular. As cricket is the biggest sport in India, it is no surprise there is a real emphasis on the sport with each of the available brands listed. App Speed Similar to the above, this relates to the usability and functionality of the cricket betting app itself. Any mobile app user wants to know the platform will be fast and responsive to actions and, in this case, enable you to place your cricket bets in a swift manner. Slow cricket apps have been left by the wayside. Customer Support If you run into any issues or have any questions regarding your cricket betting app, it’s important to know that help is on hand to assist you in any way possible. We like to see a variety of customer support options on offer from any brand, including a live chat service for the quickest response possible. Other customer support options you are likely to see include an FAQs section, email address, telephone number or even help via social media channels. Payment Methods Having a variety of payment methods is essential to ensure easy deposits and withdrawals from your online betting account. In India, one of the most popular is UPI, which is available through many of the listed cricket betting apps above. Other popular payment methods include Netbanking, Paytm, Google Pay, Skrill, PayPal, Neteller and cryptocurrencies like Bitcoin. Popular Cricket Tournaments To Bet On In India It is common for the best cricket betting apps in India to offer customers the opportunity to bet on the biggest and best cricket events throughout the calendar. There are some enormous annual cricket events that draw huge numbers of viewers and, as such, people who want to bet on the action. We have only included cricket betting apps in India that enable you to bet on each of the following tournaments/events from the world of cricket. IPL It goes without saying that the IPL (Indian Premier League) has to be on any cricket betting app worth your time in India. It is the biggest cricket tournament in India, which has taken place every year since its inaugural season in 2008. There is huge money available in the IPL, which features 10 teams and some of the biggest stars from the world of cricket. A total of 70 group matches take place before the Playoffs, after which a further four matches are played, including the IPL Final, to decide the winner of the tournament. There are a vast range of IPL betting sites in India that can be accessed and are extremely popular. ICC World Cup The ICC World Cup is the biggest international tournament in cricket, featuring the best teams and players that one-day cricket has to offer. Matches are played over 50 overs and features a league stage before entering a knockout stage in the semi-finals. Running since 2015, the ICC World Cup is seen as the biggest international event in the sport and is one of the world’s most viewed sporting events. Big Bash League The Big Bash League is Australia’s answer to the Indian Premier League and takes place through December and January each year. There are a total of eight teams that compete in the Big Bash League each year, which starts with the regular reason where each team plays each other twice to decide the order of the league table. The top five teams in the league table progress to the play-offs, where the winner is eventually decided after a further five matches are played, ending with the Big Bash League Final. The Ashes The oldest and most famous cricket series is the Ashes, which is contested between England and Australia. The two nations face each other in a best-of-five, five-day test series that sees home advantage alternate each year. The winner of the Ashes keeps the famous Ashes urn and also retains it in the next series should it end in a draw. T20 World Cup In 2007, the ICC T20 World Cup was made as the shorter format equivalent to the 50-over ICC World Cup. The T20 World Cup sees matches played over the course of 20 overs each and also features a group stage featuring two groups, with the top two teams from each progressing through to the semi-finals. Three knockout games are then played to decide the T20 world champions. Asia Cup The inaugural edition of the ACC Asia Cup was in 1984 and has remained an important tournament for competing nations ever since. India, Sri Lanka and Pakistan have dominated the tournament since its infancy, which has been played alternately between ODI and T20 formats since 2016. Cricket Live Streaming One huge bonus that comes with a number of these listed cricket betting apps is the ability to live stream cricket games. These live cricket betting apps also have the functionality to bet in-play — meaning you can bet on and watch your favourite cricket events at the same time. If this is something that interests you, be sure to sign up and download one of these cricket live streaming apps. It will be stated in the terms and conditions of your selected cricket betting app of everything you will need to do to successfully live stream cricket events from your account. Cricket Betting App Bonuses There are plenty of betting bonuses that can be claimed when you download any one of these cricket betting apps. All of the best cricket betting apps in India that we have listed will produce bonuses and betting offers for their customers — both new and existing — to claim and use to bet on cricket. Below, we have featured some of the most popular betting app bonuses that you can expect to see that can be used on cricket. Welcome Offer A welcome offer has become standard practice amongst the majority of brands in India and other countries. It gives new customers the opportunity to claim a bonus to use on the site once they have created an account and made their first deposit with them. This will often come in the shape of a deposit match bonus but is not exclusive to only this type of bonus. Free Bets There are few betting bonuses that get the excitement going quite like the lure of free bet offers . These enable customers to have free bet credits to use to bet on their favourite sporting events, in this instance cricket. Cricket free bets can be obtained in a variety of methods, such as in a bet and get bonus, a loyalty club or as part of a welcome offer. Deposit Bonus Deposit bonuses require sports betting customers to make a deposit themselves before receiving the bonus in return. The size of your deposit bonus will generally be given as a set percentage of the size of your own deposit, meaning a 100% deposit bonus will double the funds you have to play with — half as cash and half as bonus money. Deposit bonuses are amongst the most common sports betting bonus types that you will see in cricket betting apps. FAQs Are Cricket Betting Apps legal in India? Yes, cricket betting apps are legal to use in India. Can I win real money betting on Cricket in India? Cricket betting apps in India operate using real money, meaning users can win and stake real money. What are the Best Cricket Betting Apps in India? You can find the best cricket betting apps in India above by looking at our list of the best betting apps above. Contact Details Acroud Media [email protected] View source version on newsdirect.com: https://newsdirect.com/news/best-cricket-betting-apps-in-india-366892481', 'The March jobs report will take center stage this week as a fairly light schedule eases investors into a new month and quarter.\nA handful of corporate earnings will dot the schedule, with the economic calendar keeping investors busier than the corporate side as reads on manufacturing activity, job openings, auto sales, and initial jobless claims are all set to feature ahead of Friday\'s key jobs report.\nU.S. markets will be closed on Friday for Good Friday.\nThe March jobs report is expected to show 238,000 nonfarm payroll jobs were added to the U.S. economy last month with the unemployment rate set to hold steady at 3.6%, according to data from Trading Economics. In February, theU.S. economy added 311,000 new jobswhile the unemployment rate ticked higher as participation increased.\nThis report would mark a second-straight slowdown from theblowout jobs numbers seen in January, which saw more than 500,000 new jobs created in a number that many economists saw as being aided by fair weather and seasonal adjustments gone awry.\nFebruary\'s solid job growth, however, suggested the labor market remains on solid footing, with Federal Reserve Chair Jerome Powell saying in a press conference last month saying the labor market is "extremely tight." Monthly job gains have averaged 343,000 over the last six months.\n"[With] job vacancies still very high, labor demand substantially exceeds the supply of available workers," Powell said. "FOMC participants expect supply and demand conditions in the labor market to come into better balance over time, easing upward pressures on wages and prices."\nThe Fed\'sforecastsreleased in mid-March showed officials see unemployment rising to 4.5% by the end of this year.\nInvestors also continue to look for signs theturmoil in the banking sectoris weighing on broader economic activity, though economists don\'t expect to see marked impacts from the collapse of Silicon Valley Bank in Friday\'s jobs data.\n"The March report comes too early to capture much impact from the recent banking sector woes, with the troubles at SVB not coming to a head until near the end of the survey period," wrote Andrew Hunter, deputy chief U.S. economist at Oxford Economics, in a note to clients on Thursday. Hunter noted that if impacts from tighter credit conditions do impact the labor market in time, those effects likely won\'t begin appearing until April\'s data.\nConsumer confidence readings fromThe Conference Boardand theUniversity of Michiganreleased last week show few signs of this stress appearing more broadly in economic data.\nOn the earnings side, a light schedule brings a few updates on the state of the consumer, with Conagra Brands (CAG), Levi Strauss (LEVI), and Constellation Brands (STZ) all set to report results.\nLast week, markets capped off an eventful first quarter of the year withall three major U.S. stock indexes logging gainsin the year\'s first three months, punctuated by a 16% rally in the tech-heavy Nasdaq after the index fell nearly 30% in 2022.\nAsYahoo Finance\'s Jared Blikre noted on Friday, many of the megacap tech names that served as market leaders in the years before the pandemic again featured as stars in Q1.\nShares of Facebook and Instagram parent company Meta Platforms (META) gained more than 75% in the year\'s first three months while shares of Tesla (TSLA) gained a robust 68%. Bitcoin (BTC-USD) also rose nearly 70% in the first quarter as the spirit of a risk-on market led by technology crossed asset classes.\nA strong performance in some pockets of the market, however, doesn\'t ease the pain for the banking sector as three U.S. banks failed in March and stocks across the industry were pummeled.\nThe KBW Bank Index (^BKX) fell 25% in March while the KBW Regional Bank Index (^KRX) fell 20% during the month.\nAs markets gain some distance from the most acute phases of the bank crisis, a growing view among Wall Street strategists and economists is that this event will prove to be binary — either we crash into recession and a new bear market or stocks continue to rally.\n"[If] SVB was Bear Stearns we [are] going to new lows," wrote Bank of America strategist Michael Hartnett in a note on Friday, "if LTCM then we [are] going to new highs," referencing the collapse of hedge fund Long-Term Capital Management in 1998 that created a global bank crisis but did not disrupt the tech bubble.\nNeil Dutta, chief U.S. economist at Renaissance Macro,wrote in a note last week, "There is no middle ground in [a] banking crisis, it either happens or it doesn\'t. This means the bond market is either pricing in too many rate cuts or not enough."\nIn Dutta\'s view, a big risk for markets in the months ahead will be a U.S. economy that merely hangs in there.\nClick here for the latest stock market news and in-depth analysis, including events that move stocks\nRead the latest financial and business news from Yahoo Finance', 'The March jobs report will take center stage this week as a fairly light schedule eases investors into a new month and quarter. A handful of corporate earnings will dot the schedule, with the economic calendar keeping investors busier than the corporate side as reads on manufacturing activity, job openings, auto sales, and initial jobless claims are all set to feature ahead of Friday\'s key jobs report. U.S. markets will be closed on Friday for Good Friday. The March jobs report is expected to show 238,000 nonfarm payroll jobs were added to the U.S. economy last month with the unemployment rate set to hold steady at 3.6%, according to data from Trading Economics. In February, the U.S. economy added 311,000 new jobs while the unemployment rate ticked higher as participation increased. This report would mark a second-straight slowdown from the blowout jobs numbers seen in January , which saw more than 500,000 new jobs created in a number that many economists saw as being aided by fair weather and seasonal adjustments gone awry. February\'s solid job growth, however, suggested the labor market remains on solid footing, with Federal Reserve Chair Jerome Powell saying in a press conference last month saying the labor market is "extremely tight." Monthly job gains have averaged 343,000 over the last six months. "[With] job vacancies still very high, labor demand substantially exceeds the supply of available workers," Powell said. "FOMC participants expect supply and demand conditions in the labor market to come into better balance over time, easing upward pressures on wages and prices." The Fed\'s forecasts released in mid-March showed officials see unemployment rising to 4.5% by the end of this year. Investors also continue to look for signs the turmoil in the banking sector is weighing on broader economic activity, though economists don\'t expect to see marked impacts from the collapse of Silicon Valley Bank in Friday\'s jobs data. "The March report comes too early to capture much impact from the recent banking sector woes, with the troubles at SVB not coming to a head until near the end of the survey period," wrote Andrew Hunter, deputy chief U.S. economist at Oxford Economics, in a note to clients on Thursday. Hunter noted that if impacts from tighter credit conditions do impact the labor market in time, those effects likely won\'t begin appearing until April\'s data. Consumer confidence readings from The Conference Board and the University of Michigan released last week show few signs of this stress appearing more broadly in economic data. Story continues Cars and trucks drive past a US flag on the 91 Freeway in Anaheim Hills, California. (Photo by Patrick T. Fallon/AFP via Getty Images) (PATRICK T. FALLON via Getty Images) On the earnings side, a light schedule brings a few updates on the state of the consumer, with Conagra Brands ( CAG ), Levi Strauss ( LEVI ), and Constellation Brands ( STZ ) all set to report results. Last week, markets capped off an eventful first quarter of the year with all three major U.S. stock indexes logging gains in the year\'s first three months, punctuated by a 16% rally in the tech-heavy Nasdaq after the index fell nearly 30% in 2022. As Yahoo Finance\'s Jared Blikre noted on Friday , many of the megacap tech names that served as market leaders in the years before the pandemic again featured as stars in Q1. Shares of Facebook and Instagram parent company Meta Platforms ( META ) gained more than 75% in the year\'s first three months while shares of Tesla ( TSLA ) gained a robust 68%. Bitcoin ( BTC-USD ) also rose nearly 70% in the first quarter as the spirit of a risk-on market led by technology crossed asset classes. A strong performance in some pockets of the market, however, doesn\'t ease the pain for the banking sector as three U.S. banks failed in March and stocks across the industry were pummeled. The KBW Bank Index ( ^BKX ) fell 25% in March while the KBW Regional Bank Index ( ^KRX ) fell 20% during the month. As markets gain some distance from the most acute phases of the bank crisis, a growing view among Wall Street strategists and economists is that this event will prove to be binary — either we crash into recession and a new bear market or stocks continue to rally. "[If] SVB was Bear Stearns we [are] going to new lows," wrote Bank of America strategist Michael Hartnett in a note on Friday, "if LTCM then we [are] going to new highs," referencing the collapse of hedge fund Long-Term Capital Management in 1998 that created a global bank crisis but did not disrupt the tech bubble. Neil Dutta, chief U.S. economist at Renaissance Macro, wrote in a note last week , "There is no middle ground in [a] banking crisis, it either happens or it doesn\'t. This means the bond market is either pricing in too many rate cuts or not enough." In Dutta\'s view, a big risk for markets in the months ahead will be a U.S. economy that merely hangs in there. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance View comments', 'Illustration by Mitchell Preffer for Decrypt In the crypto media this week, the single biggest bit of news was the announcement that the Commodity Futures Trading Commission (CFTC)—America’s leading derivatives regulator— is suing crypto’s top exchange by trading volume, Binance, along with CEO Changpeng “CZ” Zhao, allegedly for unlicensed derivatives trading. The lawsuit doesn’t end there. The exchange also stands accused of having insufficient anti-money laundering (AML) and know-your-customer (KYC) controls, knowingly evading or helping U.S. clients evade regulators, and even trading against its own customers. The new lawsuit wasn’t a huge talking point over on crypto Twitter, probably since the industry already knows federal enforcement actions against Binance by this point are like water off a duck’s back. The exchange is also in the midst of ongoing Securities and Exchange Commission (SEC), Department of Justice (DOJ) and Internal Revenue Service (IRS) investigations . When the news broke, Zhao simply tweeted “4”—which, as he made clear in a tweet back in January, is shorthand for “ Ignore FUD , fake news, attacks, etc.” 4 — CZ 🔶 Binance (@cz_binance) March 27, 2023 Crypto analytics company Nansen did some on-chain sleuthing and saw that Binance customers weren’t all that fazed by the news either. About $852 million* net outflow from Binance in 24 hours, see Exchange Flows here: https://t.co/nwTgpXWhZY Also keep in mind that on Dec 13 last year, Binance processed $3 billion net outflow in one day *Including ETH & Ethereum, Polygon, BNB Chain, Avalanche, Fantom tokens https://t.co/LACgCi4oJo pic.twitter.com/jYSbsMcg1G — Nansen 🧭 (@nansen_ai) March 28, 2023 Meanwhile that day, the worlds of Gucci and Bored Ape Yacht Club collided in an announcement by the fashion house. Just last year, Gucci started accepting crypto at certain stores. Story continues Continuing to explore the Metaverse, the House comes together with @yugalabs . Stay tuned as a new narrative takes shape, blurring the boundaries between the physical and digital. pic.twitter.com/v60mzcgqqY — gucci (@gucci) March 27, 2023 CryptoSlate data analyst James Stratten pointed out that Bitcoin’s hashrate growth in the last three months has been the third highest adjustment in the last five years, although the reason behind it mystified him. Hashrate is a metric for determining the combined computing power of the total Bitcoin network and it generally climbs as more and newer mining rigs get deployed. On a 3 month rolling basis of the #Bitcoin hash rate (cancel out noise), this is the third most aggressive upwards adjustment in the past 5 years. Only on two occasions has there been more substantial growth. May 2021 - 70% (coming off the China mining ban). After the 2019… pic.twitter.com/jocblsgAZ4 — James V. Straten (@jimmyvs24) March 27, 2023 Polygon launched the long-awaited mainnet for its new Polygon zkEVM network on Monday. Polygon zkEVM is an Ethereum scaling solution, which means that it processes transactions faster and cheaper than Ethereum’s own mainnet, lightening the load for the world’s most popular high-functionality smart contract enabled-blockchain. Ethereum’s creator Vitalik Buterin sent a hidden message in the first transaction. . @VitalikButerin did the symbolic first ever transaction on @0xPolygon #zkEVM and it has a message on it "Millions of constraints for man, unconstrained scalability for mankind" Goose bumps!! https://t.co/HLNiVyRLie pic.twitter.com/Ue0C1CuDTd — Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) March 27, 2023 That’s not all he did… . @VitalikButerin sent the transaction on Polygon zkEVM He is a man of culture. Ensure that the gas limit is 69042 pic.twitter.com/Eh0ebi7giA — sanket.polygon | nft nyc | polygon zkEVM (@sourcex44) March 27, 2023 British celebrity chef Gordon Ramsey became the latest addition to the cryptoverse that day. The doors to #HellsKitchen are finally open in @thesandboxgame ! Get ready for an experience like no other with a holder\'s prize pool worth 50,000 $SAND ! 🔥👨\u200d🍳👩\u200d🍳 Game - https://t.co/rWhCWkA497 Discord - https://t.co/HfiOzbBHe1 pic.twitter.com/ave2YILX5N — Gordon Ramsay (@GordonRamsay) March 27, 2023 Michael Saylor, the founder and chairman of cloud software company MicroStrategy, was feeling good. He’d paid off a huge loan and Bought More Bitcoin. His company’s total holdings today have an estimated value of $3.8 million , although last year his war chest contained less BTC and was worth over $6 billion. MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. https://t.co/ALp9VLkTpt — Michael Saylor⚡️ (@saylor) March 27, 2023 Tether CTO Paolo Ardino shilled some USDT on Wednesday. USDt is resilient to the test of time. #tether is on track to have another record quarter, bringing it\'s additional equity (on top of reserves) to > 1.6B and counting. Ask yourself: how many banks can say to be so overcollateralized? Answer: none. Fractional reserve by a good… https://t.co/D7I2WwnD6D — Paolo Ardoino 🍐 (@paoloardoino) March 29, 2023 Gabor Gurbacs, founder of community-focused crypto loyalty platform PointsVille compared the recent performances of the two leading stablecoins and found two totally different stories. Tether (USDT) market cap increased approx. $9 Billion over the past 1 month. USD Coin (USDC) market cap has decreased approx. $11 Billion over the past 1 month. USDT reserves are now well over 2x that of USDC, $79 Billion vs $33 Billion, respectively. pic.twitter.com/u5Nw9C1tyP — Gabor Gurbacs (@gaborgurbacs) March 29, 2023 Coinbase dabbled in some political crypto propaganda on Wednesday comparing the different regulatory climates in various first-world countries to suggest that U.S. lawmakers are lagging. 1 million tech jobs are at risk of going overseas. As the U.S. goes down a path of regulatory uncertainty, the EU, UK, UAE, Hong Kong, Singapore, Australia, and Japan are all creating environments for crypto to flourish so that they can capitalize on the next wave of innovation. pic.twitter.com/2UMkFxajcM — Coinbase (@coinbase) March 29, 2023 Meanwhile, U.S. Senator Elizabeth Warren launched her anti-crypto reelection campaign with some propaganda that day. I’m in this fight to put our government on the side of working families. Join our re-election campaign today: https://t.co/KuZwvrwkqT pic.twitter.com/fCUcqE9PZM — Elizabeth Warren (@ewarren) March 29, 2023 A video of Matt Damon explaining his decision to do the widely-panned Crypto.com commercial made the rounds on Thursday. In it, he tells an endearing anecdote that redeems the crypto exchange a little. Matt Damon explains his #crypto commercial 👇 #CRO #BTC pic.twitter.com/Sm7ksnwAR2 — Altcoin Daily (@AltcoinDailyio) March 29, 2023 A Twitter account dedicated to IRL collectibles posted a breaking bit of news about French soccer player Kylian Mbappe’s Sorare NFT. Judging by the replies, many were polarized on thsi question. ⚽️ BREAKING NEWS ⚽️ Kylian Mbappe’s Unique 1/1 Sorare card just sold at auction for $195,563.87. This tops the all-time record for his most expensive physical card. ($161,130) Which one would you rather have? pic.twitter.com/ltOTtYxafH — The Collectibles Guru 🧠 (@ericwhiteback) March 30, 2023 Finally, Coinbase CEO Brian Armstrong on Friday came out in opposition to a widely circulated open letter calling for a halt on AI research. The petition has so far been signed by Twitter/SpaceX/Tesla CEO Elon Musk, Apple co-founder Steve Wozniak along with many tech l uminaries in both industry and academia. Count me among the people who think this is a bad idea. There are no “experts” to adjudicate this issue, and many disparate actors will never agree. Committees and bureaucracy won’t solve anything. As with many technologies, there are dangers, but we should keep marching… https://t.co/iM0sKOVTaw — Brian Armstrong (@brian_armstrong) March 31, 2023', 'In the crypto media this week, the single biggest bit of news was the announcement that the Commodity Futures Trading Commission (CFTC)—America’s leading derivatives regulator— issuingcrypto’s top exchange by trading volume, Binance, along with CEO Changpeng “CZ” Zhao, allegedly for unlicensed derivatives trading.\nThe lawsuit doesn’t end there. The exchange also stands accused of having insufficient anti-money laundering (AML) and know-your-customer (KYC) controls, knowingly evading or helping U.S. clients evade regulators, and even trading against
**Last 60 Days of Bitcoin's Closing Prices:**
[23723.77, 23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-02
**Financial & Commodity Data:**
- Gold Closing Price: $1969.00
- Crude Oil Closing Price: $75.67
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $540,364,677,112
- Hash Rate: 346961110.73132545
- Transaction Count: 341622.0
- Unique Addresses: 659613.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ether extended their declines in Tuesday afternoon trade in Asia, along with most other top 10 non-stablecoin cryptocurrencies by market capitalization, after regulators in the U.S. pulled up Binance, the world’s biggest crypto exchange, forallegedly violating trading mandates. Asian markets mostly gained on Tuesday, reflecting a rise in U.S. equities on Monday, as investor sentiment picked up following a slew of positive announcements that eased fears of a banking sector crisis.
See related article:Binance rejects U.S. charges of violating trading rules, manipulating markets
• Bitcoin, the world’s biggest cryptocurrency by market cap, lost 3.06% to US$26,960 in 24 hours to 4 p.m. in Hong Kong, according to data fromCoinMarketCap, declining 2.22% in the last seven days. Ethereum dropped 1.61% to US$1,724, after losing 0.6% on the week.
• BNB, the native token of the world’s largest crypto exchange Binance, saw the biggest decline among top 10 cryptos. The token dropped 5.19% in the last 24 hours to US$309, after the U.S. Commodity Futures Trading Commissionsaid Mondayit filed a “civil enforcement action” lawsuit against Binance and its top executives for allegedly breaking trading rules.
• XRP was the only token among top 10 cryptos to gain in Tuesday afternoon trade in Asia, climbing 5.61% to US$0.4843, and has risen 25.47% on the week. The gains come as Ripple Labs, whose payment network is powered by XRP,expects to win a lawsuitfiled against it by the U.S. Securities and Exchange Commission for allegedly selling US$1.3 billion in unregistered securities.
• The global crypto market capitalization dropped 1.96% to US$1.13 trillion, while the total crypto market volume gained 30.1% to US$43.42 billion in the last 24 hours.
• The Forkast 500 NFTindex fell 0.54% to 4,004.93 on the day and declined 3.34% on the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day.
• Asian equity markets mostly rose on Tuesday after concerns regarding a banking industry crisis eased. Hong Kong’sHang Seng Indexrose 1.11%, South Korea’sKospiincreased 1.07% and Japan’sNikkei 225gained 0.15%.
• TheShanghai Compositelost 0.19% and theShenzhen Component Indexdropped 0.72%, over concerns that Covid-19 related disruptions continue to hamperChina’s economic recovery.
• Gold slid 0.24% to US$1,951 an ounce, after falling 1% on Monday. The precious metal remains under its one-year high of US$2,000 that it touched last week.
• European bourses rose for a second consecutive day. The benchmark STOXX 600 gained 0.34% and Germany’s DAX 40 advanced 0.5%.
• European Central Bank President Christine Lagarde will speak at the opening ceremony of the Bank for International Settlements’ Innovation Hub Eurosystem Centre later Tuesday.
• London’s benchmark FTSE 100 rose 0.43% during the day, after Bank of England Governor Andrew Bailey said the country’s financial system is resilient and has robust capital, but warned that interest rates may move higher.
• See related article:Is our banking system obsolete?...
- Reddit Posts (Sample): [['u/Socialinfluencing', "The sentiment is extremely bullish right now, and it doesn't feel wrong.", 69, '2023-04-02 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/', "Right now Btc has shattered every bearish prediction to date, banks have failed, some even linked to crypto. The largest crypto exchange is being accused of some pretty serious criminal behaviour and Btc? Up. So far the crypto market seems to have absorbed all the worst news, hell even FTX feels like just some bad dream from long ago.\n\nInterest rates are sky high, historically speaking. Yet, what are we seeing? People always laugh at ' this time is different ' well this time is. Btc has never had to face interest rates this high, yet it's on a recovery path thus far. That's taking everything else into account. Then the US regulatory push, at this stage it feels like Btc and the market is undefeatable long term.\n\nIn the past, negative news of this magnitude and this much of it would have tanked the market. But it genuinely seems like average people are starting to believe in the space. The space seems to be looking forward rather than going purely off speculation which is the first signs of maturation in an asset class, it may take some time but Btc is defying all expectations currently.", 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/', '129110k', [['u/Mr_Bob_Ferguson', 11, '2023-04-02 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbf6d/', '>and it doesn\'t feel wrong\n\nOther than the macro economy being completely fucked.\n\nMaybe I am just more skeptical than others, as my belief is that we need to have a good macro in order for crypto (or anything) to go on a true extended bull run (rather than a short/medium term pump and then see things crash down again by 70% from ATH).\n\nPeople need disposable income in order to invest. People are hurting right now.\n\nI\'m talking more in terms of "long term strength", rather than a short/medium term run though.', '129110k'], ['u/Jocogui', 11, '2023-04-02 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbnzx/', "You're not being skeptical but careful instead", '129110k'], ['u/Elie0_0', 14, '2023-04-02 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbr56/', 'This time it will surely hit $100K', '129110k'], ['u/fan_of_hakiksexydays', 74, '2023-04-02 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelc5n0/', 'Sentiment is "extremely" bullish? Are you serious? Or did they run out of comedy tags because of April fools?\n\nEveryone keeps talking about recession, 2008 2.0, more banks collapsing.\n\nCrypto is back to FUD mode with regulation and the SEC going after Binance.\n\nBitcoin has been stuck around $28K. Greed index has dropped back from 64 to 61, on the edge of neutral. So we\'re a long way from being in FOMO mode, or even any thing very bullish in crypto\'s standards.\n\n​\n\nHowever, apart from that statement that doesn\'t seem to have taker an accurate measurement of the sentiments, I do agree that Bitcoin is not only resilient, but has had an impressive run considering all the headwind.\n\nMore importantly, showing to do well while banks are collapsing.', '129110k'], ['u/BlackSky2129', 27, '2023-04-02 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelo72o/', '> stuck around $28k \n\nIt jump from 19k to 28k in a week and is consolidating lmao', '129110k'], ['u/Psilodelic', 19, '2023-04-02 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelsu2z/', 'Bitcoin is up 70% on the year and people are still wondering when the bear market is over.', '129110k'], ['u/BlackSky2129', 18, '2023-04-02 03:00', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelts7l/', 'Those people bought at 50k, sold at 17k and are waiting for the “bottom” to buy back in', '129110k'], ['u/IamKingBeagle', 15, '2023-04-02 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelve3h/', 'I feel personally attacked and need a safe space.', '129110k']]], ['u/SharkStreet13', 'Amp no longer serving as the exclusive collateral currency is potentially awesome.', 31, '2023-04-02 00:55', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/', 'It’s taken me about two weeks to digest the Ampera Foundation launch. I think the most controversial concept that was introduced was that Amp will no longer be the sole coin to be used as collateral (it was already serving as a governance coin).\n\nVery simply, as long as Amp is the only coin used for rewards for collateralizing, it will be a bonanza for Amp holders. Once the new protocol is active, many currencies will be deployed as collateral. This project will provide new functionality to many other communities who will then earn Amp rewards for staking their crypto of choice. Tyler candles on steroids. \n\nYes, I am fully assuming that Amp will be the ONLY reward for staking on the new protocol, and I guarantee that I’m right. It only makes sense that if you’re deploying your Bitcoin for collateral that you would earn Amp so that you could participate in the governance of the platform.', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/', '1291s4w', [['u/escap0', 19, '2023-04-02 02:39', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jelr8xb/', 'That is the hope. But nothing has been announced. Nothing has been hinted at or implied.', '1291s4w'], ['u/alslaja', 15, '2023-04-02 08:05', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jemq03w/', 'I’ve waited 2 years already. Another 2 years? Why not?', '1291s4w'], ['u/gravityhashira61', 10, '2023-04-02 15:46', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jenr02z/', "All i know is that if AMP is going to become a governance token mainly then we do not need 100 billion tokens/ coins in circulation. That's WAY too many and we will never get any price appreciation with that number. There would have to be a massive token burn at some point to get the number down to a more reasonable number like Uniswap's or Compound's, which are also governance tokens. And supposedly Tyler is very close with the founder of Compound and they share ideas a lot. So i can see some similarities there, but we do not need 100 billion tokens in circulation if we will be stritcly governance. \n\nLook at the market caps/ token numbers of Sushi, Uniswap and Compound and you will see. \n\nOverall, I'm still very dissapointed from the AMA in that we are moving away from our original vision to disrupt the legacy payments and credit card space where AMP would collateralize any transacation from any merchant with any wallet. \n\nNow, we have been relegated to a boring asf governance token. \n\nBLAH......this is not what i signed up for.", '1291s4w'], ['u/TheAdviceDude', 13, '2023-04-02 17:12', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jeo23il/', 'One of the main issues with this project is the "soon"s never convert to real things, they just keep talking about other "soon"s to focus on.\n\n- new countries - soon\n- new merchants - soon\n- wallets - soon\n- stake-in-place - soon\n- shopify - soon\n- banking apps - soon\n- loyalty programs - soon\n- baseball stadium - soon\n- flipping the switch - soon\n- sdk - soon\n- identity kit - soon\n- spend kit - soon\n- scan kit - soon\n- ampera white paper - soon\n- ampera test net - soon\n- ampera website - soon\n- ampera protocol - soon\n\nthere\'s many other soons if people want to keep tagging on...\n\nbut hey, "just zoom out", amirite?', '1291s4w']]], ['u/Synthia_of_Kaztropol', "Let's go dancing at Totentanz !", 425, '2023-04-02 01:13', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/', "Totentanz is totally the best club in Night City ! \n\n\nIt has such friendly staff ! \n\n\n[Why yes, I do work out. Thanks for noticing, choom.](https://preview.redd.it/mxh3ip5sscra1.png?width=551&format=png&auto=webp&v=enabled&s=cc3def4967db7b0f696356492356a00be244e91b)\n\nThey have valet parking too ! \n \n\n[Free detailing is part of the valet parking service at Totentanz](https://preview.redd.it/ihlx2jibucra1.png?width=1233&format=png&auto=webp&v=enabled&s=fd44c549a4a1cc8b5b51fbbc7aae9545e0261f12)\n\n \nAnd interesting clientele to talk to !\n\n​\n\n[Just a perfectly normal conversation about the latest fashions in clubwear](https://preview.redd.it/dnthfd5btcra1.png?width=571&format=png&auto=webp&v=enabled&s=350483a7deeb9eba0483e1eba94844b9597aeb79)\n\nThere's never a long line for the restrooms \n\n\n[No problem of uncleaned urinals at Totentanz](https://preview.redd.it/1cpuz8yxtcra1.png?width=789&format=png&auto=webp&v=enabled&s=3a99e1b9c58cb2e3ef40439ee5a571f57bcb4623)\n\nDefinitely one of the most memorable nightclubs in all of Night City !", 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/', '12929pd', [['u/walkeroflonelyroads', 79, '2023-04-02 01:36', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jeljffl/', 'A nice chuckle to start the day off. Thanks for this!', '12929pd'], ['u/asheepleperson', 41, '2023-04-02 02:31', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jelq988/', 'Look at you, creating real content. I appreciated that, thank you 😚', '12929pd'], ['u/Cafra72', 13, '2023-04-02 04:21', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jem3mym/', 'Hahaha! That’s awesome, thanks for the laugh 🤣🤣', '12929pd'], ['u/BodybuilderMajor1260', 19, '2023-04-02 06:11', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jemftu0/', 'I agree, Totentanz is my fave club', '12929pd'], ['u/andreabbbq', 12, '2023-04-02 08:17', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jemqxb1/', 'Uj/ Music is amazing though!', '12929pd'], ['u/Synthia_of_Kaztropol', 17, '2023-04-02 10:35', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jen1nmv/', "I heard you need the right implants to properly get the music, but Vik doesn't seem to sell cyberears, so didn't want to say anything gonk due to not hearing Tinnitus properly.", '12929pd'], ['u/Synthia_of_Kaztropol', 19, '2023-04-02 10:53', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jen2v70/', 'No problem, choom !', '12929pd']]], ['u/MrMooooody', 'What will it take to declare the bear market over?', 13, '2023-04-02 01:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/', 'So bitcoin has had an amazing run since this year started on 1st Jan 2023 and has shown no real signs of letting up.\n\nIt seems like most people still think we are in a bear market but I have started to see others believe that the bull run has now started and the bear market is over. \n\nWhat should we be looking for in order to feel like the worst is definitely behind us and that the bear market is now over? Does btc need to consolidate over a certain price? Maybe the fed needs to start dropping interest rates and the macro needs to show some signs of improvement? Interested to hear peoples thoughts', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/', '1292qd8', [['u/Due-World2907', 14, '2023-04-02 01:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/jeliyph/', 'Jim Cramer saying it isn’t', '1292qd8'], ['u/TomatilloFabulous602', 12, '2023-04-02 01:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/jelj51i/', 'When jim cramer annonce the bear market has started', '1292qd8'], ['u/phatbootymeat', 12, '2023-04-02 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/jeljahc/', 'Bear market will be over when shitcoins are popping off for no reason.', '1292qd8'], ['u/Elie0_0', 13, '2023-04-02 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/jeljb80/', "You can never know you're in a bull run until it ends, I think we'll know it was over when another one starts\n\n\n\nBut then you can't know if a bear market has started until it ends, so I've got no idea", '1292qd8'], ['u/dubzp', 28, '2023-04-02 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/jeljwoe/', 'When the average non-crypto person starts talking about Bitcoin again without massive fear. I’d say we’re getting close.', '1292qd8'], ['u/marsangelo', 12, '2023-04-02 01:48', 'https://www.reddit.com/r/CryptoCurrency/comments/1292qd8/what_will_it_take_to_declare_the_bear_market_over/jelkwm3/', 'Surprised no one has said it, but some kind of Fed pivot or pause. No bull market has developed under restrictive monetary policy', '1292qd8']]], ['u/kalebgreek', 'I made a totally free tool for crypto enthusiasts!', 168, '2023-04-02 01:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1293c3y/i_made_a_totally_free_tool_for_crypto_enthusiasts/', "I made a free tool for tracking cryptocurrencies. It's mainly just a hobby project I developed in my free time as a way to give back to the community I love. I have an unhealthy obsessions with cryptocurrency and data, which fueled my desire to create an easy to use dashboard with minimal barriers to entry (completely free, no signups).\n\nI haven't really marketed it at all since I'm not 'selling' anything but I would like to share my work in case someone finds value and can benefit from it themselves :)\n\nHope you find some value in what I've created - if not, I'm always open to feedback and suggestions.\n\nYou can view......\n\n* Live trading price feed across most well known exchanges\n* Live liquidations as they occur across most exchanges\n* Live whale-watching movements (to and from exchanges \\~ wallets)\n* View various metrics such as historical fear/greed, open interest, company holdings, news\n* Practice your trading skills with a simple paper-trading simulator (I'll be running a little competition soon)\n* Socialize with other people in the community chat - or don't - it's up to you and the site is fully usable without registering/logging in (aside from the paper-trading as you need an account to preserve your data).\n\n... and a bunch more stuff!\n\nThe website is: [https://bitcoindashy.com](https://bitcoindashy.com/) \nFor the paranoid, here's a google report on how safe the site is before you click on the link (which is always good practice): [https://transparencyreport.google.com/safe-browsing/search?url=bitcoindashy.com&hl=en](https://transparencyreport.google.com/safe-browsing/search?url=bitcoindashy.com&hl=en)\n\nHope you enjoy!", 'https://www.reddit.com/r/CryptoCurrency/comments/1293c3y/i_made_a_totally_free_tool_for_crypto_enthusiasts/', '1293c3y', [['u/vidati', 11, '2023-04-02 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1293c3y/i_made_a_totally_free_tool_for_crypto_enthusiasts/jelmpel/', 'Looks useful! Thanks.', '1293c3y'], ['u/diamondbored', 15, '2023-04-02 03:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1293c3y/i_made_a_totally_free_tool_for_crypto_enthusiasts/jem0ler/', 'This is.. TERRIBLE!!!!\n\nNow how am I ever going to get a y work done with eye balls on crypto charts 24/7???!!!?? 😂\n\nNice work OP!!!', '1293c3y'], ['u/UnexperiencedIT', 13, '2023-04-02 03:57', 'https://www.reddit.com/r/CryptoCurrency/comments/1293c3y/i_made_a_totally_free_tool_for_crypto_enthusiasts/jem0p97/', 'Now this post has 14 upvotes, meanwhile some other shitty stuff has thousands...', '1293c3y'], ['u/kalebgreek', 11, '2023-04-02 04:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1293c3y/i_made_a_totally_free_tool_for_crypto_enthusiasts/jem4x7w/', 'Happens to the best of us..', '1293c3y']]], ['u/EmergentCoding', 'Marsh Steelfixing now accepting Bitcoin Cash', 72, '2023-04-02 02:01', 'https://www.reddit.com/r/btc/comments/1293jom/marsh_steelfixing_now_accepting_bitcoin_cash/', 'In the Bitcoin Cash City the tradesman firm a vital role in coin circulation. They love the low cost, reliability, and very very high speed of Bitcoin Cash.', 'https://i.redd.it/n3xx4ko8lera1.jpg', '1293jom', [['u/EmergentCoding', 11, '2023-04-02 02:15', 'https://www.reddit.com/r/btc/comments/1293jom/marsh_steelfixing_now_accepting_bitcoin_cash/jelo6jf/', 'It is so easy for a tradesman to accept Bitcoin Cash.\n\n1. They download a wallet\n2. Add a "Bitcoin Cash accepted here" sticker to the truck\n3. Profit', '1293jom'], ['u/EmergentCoding', 10, '2023-04-02 07:55', 'https://www.reddit.com/r/btc/comments/1293jom/marsh_steelfixing_now_accepting_bitcoin_cash/jemp81h/', 'Most folks here are working towards achieving the mission of making Bitcoin Cash electronic cash for the world. By concentrating on adoption we contribute to the mission. As the mission succeeds, the price will inevitably take care of itself.', '1293jom']]], ['u/HappyGoLacky', 'Run your own node.', 74, '2023-04-02 02:17', 'https://www.reddit.com/r/Bitcoin/comments/1293ydv/run_your_own_node/', 'Based on my response to another post where I explained why I no longer use a ledger wallet because of the difficulty of connecting it to your own node, I thought it was worth dropping this learning link in here for those that don’t understand why running your own node is beneficial to you, inexpensive (a couple hundred $ or less if you install it on your desktop), and good for Bitcoin in general. \n\nhttps://bitcoinmagazine.com/culture/six-reasons-you-should-run-bitcoin-node', 'https://www.reddit.com/r/Bitcoin/comments/1293ydv/run_your_own_node/', '1293ydv', [['u/typing', 12, '2023-04-02 02:49', 'https://www.reddit.com/r/Bitcoin/comments/1293ydv/run_your_own_node/jelshtg/', 'I do, Bitcoin Core QT wallet since 2011 (with updates of course)', '1293ydv'], ['u/bitrequest', 10, '2023-04-02 04:29', 'https://www.reddit.com/r/Bitcoin/comments/1293ydv/run_your_own_node/jem4j0r/', 'Run your own node and run mempool.space on top, for more decentralized payment gateways!', '1293ydv'], ['u/mx5slol', 15, '2023-04-02 04:49', 'https://www.reddit.com/r/Bitcoin/comments/1293ydv/run_your_own_node/jem6stv/', 'I live in my vehicle w my wife atm. Run one for us homless folks hodln thru', '1293ydv']]], ['u/laeternavigilancia', 'Help me create "Who Killed Bitcoin" Part 2.', 39, '2023-04-02 04:56', 'https://www.reddit.com/r/btc/comments/1297uig/help_me_create_who_killed_bitcoin_part_2/', ' Hey guys, a lot has happened since the release of the "Who Killed Bitcoin" documentary I did. In case you don\'t know about it: it\'s a 44-min long documentary on the history of Bitcoin and the takeover attempt by Blockstream, the "store of value / hold" narrative, and the BCH fork. A lot was not included, and a lot more happened during the last year, and the BCH community grew a lot as well. BTC maxis are crying loud, and that\'s a really good sign, so let\'s do this! \n\nComment on what you think is important to include in this second part. \n\nHere\'s the first part in case you haven\'t watched it:\n\n[https://www.youtube.com/watch?v=eafzIW52Rgc&t=3s](https://www.youtube.com/watch?v=eafzIW52Rgc&t=3s)', 'https://www.reddit.com/r/btc/comments/1297uig/help_me_create_who_killed_bitcoin_part_2/', '1297uig', [['u/NeonDaThal', 20, '2023-04-02 10:18', 'https://www.reddit.com/r/btc/comments/1297uig/help_me_create_who_killed_bitcoin_part_2/jen0fw8/', 'I think “Who Saved Bitcoin” would be the perfect sequel.', '1297uig'], ['u/CurvyGorilla202', 13, '2023-04-02 16:41', 'https://www.reddit.com/r/btc/comments/1297uig/help_me_create_who_killed_bitcoin_part_2/jeny0jm/', 'I agree, I like “Who Saved Bitcoin” You can mention part one and anyone interested in the drama can go watch. Keep the positivity on the present and future, which we have plenty to celebrate.', '1297uig']]], ['u/TheKyleShow', 'Have your dreams/goals changed since getting into crypto?', 44, '2023-04-02 05:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1298n01/have_your_dreamsgoals_changed_since_getting_into/', 'In 2018 I got into everything and anything that was not bitcoin. I wanted to hit it big, get that fuck-you money, and never have to work another day in my life. I think that’s what a lot of us wanted back then and what brought a lot of us into the space. \n\nFlash forward to 2023 and I’m a BTC (and now moons) maxi. My dreams, while still big, are now a little more modest; within 5 to 10 years I hope to own my own place and be mortgage free.\n\nBut fuck-you money would still be nice.\n\nHave your crypto dreams and/or goals changed or evolved?', 'https://www.reddit.com/r/CryptoCurrency/comments/1298n01/have_your_dreamsgoals_changed_since_getting_into/', '1298n01', [['u/astockstonk', 22, '2023-04-02 05:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1298n01/have_your_dreamsgoals_changed_since_getting_into/jembvhv/', 'Not going to lie. Having the ability to tell your boss fuck you would still be nice.', '1298n01'], ['u/ebass', 11, '2023-04-02 05:33', 'https://www.reddit.com/r/CryptoCurrency/comments/1298n01/have_your_dreamsgoals_changed_since_getting_into/jembvp3/', 'In my country, inflation is nuts (although not as bad as places with 100000% inflation) and housing/cars are approaching unaffordable levels. I hope with crypto I can get out of this rat race and give my family a comfortable life.', '1298n01'], ['u/deathbyfish13', 13, '2023-04-02 05:47', 'https://www.reddit.com/r/CryptoCurrency/comments/1298n01/have_your_dreamsgoals_changed_since_getting_into/jemdd84/', 'Everyone talks about wife changing money but it\'s the "fuck you, boss" money I\'m after, I actually like my wife and want to keep her around', '1298n01']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 02, 2023', 27, '2023-04-02 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1299b15/daily_discussion_sunday_april_02_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1299b15/daily_discussion_sunday_april_02_2023/', '1299b15', [['u/cousin_brian', 23, '2023-04-02 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/1299b15/daily_discussion_sunday_april_02_2023/jemydxl/', 'This place is more of a ghost town than decentraland', '1299b15'], ['u/logicalinvestr', 12, '2023-04-02 14:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/1299b15/daily_discussion_sunday_april_02_2023/jenip2z/', "When it comes to headlines, it could all be some big conspiracy, but I tend to follow the KISS rule. And the simpler answer is that there is no consensus on where Bitcoin is going, if Bitcoin is even a good thing or all a big Ponzi, and where macro is headed near term. And if you give 10 data scientists the same data, they can read it 10 different ways. It's common to get conflicting headlines based on the same data under normal circumstances, but when it's applied to something as controversial as Bitcoin, the waters get even muddier.", '1299b15'], ['u/RabbitProofFences', 17, '2023-04-02 16:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1299b15/daily_discussion_sunday_april_02_2023/jenua33/', 'Do we really need another t0x1c br0 in the space. Just about clearing them out one by one.', '1299b15'], ['u/diydude2', 19, '2023-04-02 18:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1299b15/daily_discussion_sunday_april_02_2023/jeocdg6/', '2019 -- went up 20% in like five minutes.', '1299b15']]], ['u/rBitcoinMod', 'Daily Discussion, April 02, 2023', 38, '2023-04-02 08:01', 'https://www.reddit.com/r/Bitcoin/comments/129bxpg/daily_discussion_april_02_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/128d5fy/daily_discussion_april_01_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/129bxpg/daily_discussion_april_02_2023/', '129bxpg', [['u/FuzzzyTingleTimes', 12, '2023-04-02 08:04', 'https://www.reddit.com/r/Bitcoin/comments/129bxpg/daily_discussion_april_02_2023/jempxnb/', '30K get outta our way', '129bxpg'], ['u/293949586758493921', 13, '2023-04-02 13:01', 'https://www.reddit.com/r/Bitcoin/comments/129bxpg/daily_discussion_april_02_2023/jenbnl4/', 'Can some call the CEO already.. this is getting boring, let’s see 30.. caamaan!', '129bxpg'], ['u/escodelrio', 12, '2023-04-02 17:10', 'https://www.reddit.com/r/Bitcoin/comments/129bxpg/daily_discussion_april_02_2023/jeo1v9o/', 'Historical Bitcoin\xa0prices for today, April 2nd:\n\n2023 - $28,386\n\n2022 - $46,321\n\n2021 - $58,981\n\n2020 - $6,833\n\n2019 - $4,909\n\n2018 - $7,050\n\n2017 - $1,099\n\n2016 - $420\n\n2015 - $252\n\n2014 - $438\n\n2013 - $118\n\nVia [Twitter](https://twitter.com/btchistorical/status/1642482480128090114).', '129bxpg'], ['u/Ok-Abbreviations6442', 11, '2023-04-02 20:12', 'https://www.reddit.com/r/Bitcoin/comments/129bxpg/daily_discussion_april_02_2023/jeorodu/', "This is okay. Good consolidation / accumulation in the face of bad financial news everywhere. I like this support at 28k, and we'll break 30k in no time. Slow and steady is the way to go. *That's what she said*...", '129bxpg']]], ['u/SirBill01', 'Excellent article on Kinesis - covers everything, risk and FUD and long term prospects', 57, '2023-04-02 08:04', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/', "This article is a perfect update for what is going on with Kineses, and explains not only why someone should consider storing gold and silver with Kineses, but also addresses recent misinformed or just plain wrong information about Kineses, along with what actual risks are:\n\n[https://renaissancemen.org/2023/04/01/kinesis-even-further-de-risking-yes-im-getting-ready-to-run-through-walls-like-the-kool-aid-man/](https://renaissancemen.org/2023/04/01/kinesis-even-further-de-risking-yes-im-getting-ready-to-run-through-walls-like-the-kool-aid-man/)\n\nThe really short summary of what Kineses even is - digital tokens that represent real gold or silver held in vaults around the world, that also let you redeem in fairly low amounts (I think a kilo for silver, not 100% sure). KAG is of course silver, KAU gold.\n\nFor me the most compelling argument for using Kineses is this - I can use them as a bank, in terms of storing all of the funds I use for day to day transactions in real silver or gold, instead of abstract numbers in a bank that do not add up if things go sideways. It seems like any bank might run the risk of freezing up any time these days, so it's nice to have funds in an entity that is 100% liquid.\n\nEven if I never held anything in Kineses besides a few months bills worth of silver, it would be pretty compelling to me...\n\nOne thing the article did not mention that I like about Kineses is it's a different way to carry gold or silver abroad, rather than having to physically carry it. Which has long been the argument from Bitcoin holders, that you can easily cross borders with Bitcoin... Kineses makes that same feat possible with silver and gold backed tokens, and then you can redeem in some other country.\n\nDisclaimer - I have some Kineses holdings, and a few KVT (not a lot of either, more stored at home). I bought the KVT because looking at all digital gold/silver-backed tokens, Kineses has always seemed like the most well thought out system, and what you need really is a system and not just a website and a few vaults...\n\nI know there are some people who dislike anything that is not physical held in your own home, but please keep discussion civil. And read through the document if you feel like re-posting more inaccurate FUD about Kinesis that the paper already addresses. I would like to understand any possible actual risk better.", 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/', '129c01z', [['u/WobbleChair', 23, '2023-04-02 09:58', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jemyz22/', "I really enjoy Kinesis. I already paid several times with their credit card, in several countries, which is backed by Mastercard. Storing it with gold and silver and even allows quick speculation on bitcoins and other crypto's.\n\nI'm moving away as much money from the standard banks as possible, it is becoming worth less and less there, might as well store it in a bag and every now and then take some out and throw it in the fire, bunch of crooks.\n\nThe only risk I see is that Kinesis will grow so widespread that it will become a world bank and have all the crony govs claws set into it. I hope the methodology spreads though.\n\nSo not a financial advice! But I enjoy it a lot, can't wait for the physical card 🦍🏴\u200d☠️", '129c01z'], ['u/OtherwiseGrab5451', 26, '2023-04-02 12:32', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jen9j72/', "US resident, and have been using Kinesis for about a year. Really excited about this system and feel like I am my own central bank. The physical debit card is coming soon to the US and that coupled with fast ach on boarding is going to help move this and start to gain more traction on the US like it has in Europe. Lots of fud recently but it's easy to see through it.", '129c01z'], ['u/Gavinlln1', 11, '2023-04-02 13:45', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenf0xk/', 'Why do you keep making new accounts and posting exclusively to WSS?', '129c01z'], ['u/lmfl123', 14, '2023-04-02 14:28', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenisb5/', 'Wish they would get that card done. Only complaint I have really.', '129c01z'], ['u/Unlucky-Day2642', 20, '2023-04-02 14:38', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenjq1g/', 'Excellent article.', '129c01z'], ['u/randyfloyd37', 14, '2023-04-02 14:49', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenkut7/', 'Im glad you mentioned you’re from the US. I thought kinesis wasn’t allowed in here… will check it out', '129c01z'], ['u/OtherwiseGrab5451', 21, '2023-04-02 15:07', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenmqn9/', "There is a lot of banning and deleting of Kinesis posts unfortunately. As correct info comes out more and more to the masses and they wake up to being able to hold PM's and act as their own central bank, it will become more accepted by this community. At least I am hoping.", '129c01z'], ['u/OtherwiseGrab5451', 18, '2023-04-02 15:09', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenmx2r/', 'Me too! That and the ach transfer of funds into my Kinesis account to make onboarding of new US users so much easier than having to wire funds. Spoke to my account rep last week, we talk once a month, and he still maintains that by mid summer both of those things should be up and operational for us US residents.', '129c01z'], ['u/OtherwiseGrab5451', 14, '2023-04-02 15:36', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenpv7p/', 'Its pretty simple and you already know the answer to your own question. You get your money out of the banking system, you back it with what you believe in, for me that is gold and silver. And there you have it bud.', '129c01z'], ['u/[deleted]', 19, '2023-04-02 16:22', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenvggq/', "You really think we're gonna go bo back to exchanging physical coins again? It's the digital world now, we need a digital way to make transactions of gold and silver. This is one of them.", '129c01z'], ['u/SirBill01', 16, '2023-04-02 16:47', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenysad/', 'That would be great, the card rollout being slow is also the only complaint I have as well, and is what has stopped me from using it as a savings account like I have planned... as soon as that comes out going to try using Kinesis for a lot of bills. Even though it kind of stings a little to actually spend any silver, the comfort of storing funds in silver helps a lot...', '129c01z'], ['u/OtherwiseGrab5451', 17, '2023-04-02 16:55', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jenzvnf/', 'Totally get what you\'re saying about the "spending" part but with the ach, from now on my direct deposit check from work into my bank account will be immediately transferred into my Kinesis account and thus gold and silver to pay for everything.', '129c01z'], ['u/SirBill01', 18, '2023-04-02 16:57', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jeo03ab/', "But the problem is, you can never truly remove counter-party risk. \n\nI also like I said, have metals at home. But there is always risk that when I am gone for any reason (store or vacation), someone may break in and take some. There is also the risk of fire, yeah metals are hard to melt but there are lots of example photos where they do melt in house fires and then you can easily loose a lot melted into house debris.\n\nOr even if you are forced to flee for some reason, like you have five minutes warning to leave because of a volcano. Hundreds of pounds of silver is unappealing in such a case.\n\nThat's why for me personally, the solution I feel comfortable with in addressing counter-party risk is distribution of storage. Then if I lose any one basket of metals, I have not been wounded grievously.\n\nIt's not even like Kinesis is the only third party vaulting solution I use, I have another vault as well. But that's a simple vault, not easy to get to stuff, not like I can truly use that for day to day use, and isn't day to day use of silver and gold as money in some way, a big end goal for a lot of us? The only way that realistically happens for the majority of people is if it's digital. And there is nothing wrong with digital currency, if it's backed by real money.\n\nPlus I like supporting companies that truly value silver and gold.", '129c01z'], ['u/SirBill01', 14, '2023-04-02 17:07', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jeo1fyd/', 'Yeah I will for sure be taking advantage of that also.', '129c01z'], ['u/Nathanfisher47', 16, '2023-04-02 17:44', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jeo6fth/', 'About the abroad thing - was saving that for a video I’m doing and is in the slide deck. Want to get it done today but not likely.', '129c01z'], ['u/SirBill01', 14, '2023-04-02 17:49', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jeo79jv/', 'Cool would like to see that as well. Would be really fun to see someone redeem from each of the various vaults around the world...', '129c01z'], ['u/OtherwiseGrab5451', 10, '2023-04-02 17:51', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jeo7hnq/', 'You do you buddy. Use whatever definition suits ya.', '129c01z'], ['u/_calixtus_', 22, '2023-04-02 18:23', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jeoc32o/', 'good article, started with kinesis two years ago, quite happy where they are now.', '129c01z'], ['u/Mammoth_Two3826', 13, '2023-04-02 22:42', 'https://www.reddit.com/r/Wallstreetsilver/comments/129c01z/excellent_article_on_kinesis_covers_everything/jepd1ax/', 'It seems to me like there is an obvious effort to discredit Kinesis on Reddit last few months - It’s almost what they have done with trump. The more I look, the more I can’t see anything but good with kineiss . (Apology for those who are not in trumps camp, but I’ve never seen more mud slung at one man in my life, it makes me know the Biden is the real criminal)', '129c01z']]], ['u/nakeysnakey91', "Just got into the BTC game and I'm buying on a weekly basis but am I too late or is there still a huge potential?", 65, '2023-04-02 09:52', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/', 'Bittibittibitcoins', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/', '129e7eh', [['u/Relai_Alex', 58, '2023-04-02 10:05', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jemzg2u/', "Ichi, [having only 600 bitcoins](https://twitter.com/Vivek4real_/status/1613282778837319683) thought the same. \n\nConsidering that we had only 3 (out of 33) halvenings, I wouldn't say any of us is late.", '129e7eh'], ['u/Glad-Ease4283', 24, '2023-04-02 10:18', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jen0g7a/', 'No one has held for 4 years and lost money so have a good time horizon', '129e7eh'], ['u/ChasmoGER', 13, '2023-04-02 11:43', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jen65ok/', 'Sooo close! Since 3 days it is over. Now it is too late, sorry', '129e7eh'], ['u/random_user7980', 33, '2023-04-02 13:56', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jenfzxg/', "You're never too late. Everything else is crashing against btc. Marketcap is only 4% of that of gold. Still young tech. 99% of humans don't have any bitcoin. \nKeep your DCA strategy. You're doing it just right. Keep buying weekly, regardless price. When price dumps, activate turbo buy mode. Practice self custody. Buy amd withdraw to cold storage. Buy a HW (hardware wallet). Understand bitcoin fundamentals.\nGood luck.", '129e7eh'], ['u/Exact_Combination_38', 17, '2023-04-02 17:26', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jeo401z/', "Because it cuts the amount of newly created Bitcoin (and therefore a significant portion of supply) in half. Assuming demand doesn't change, this theoretically leads to higher prices.", '129e7eh'], ['u/bitcoinforks', 12, '2023-04-02 19:38', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jeomsgi/', 'Not just theoretically, it has lead to higher market prices in reality after each of the previous halvings, each new ATH sigificantly higher than the preceding one. But interestingly, the major marlet surges have come in the year following each halving (2013, 2017, 2021) rather than coinciding with the event or following promptly.', '129e7eh'], ['u/bitcoinforks', 12, '2023-04-02 19:42', 'https://www.reddit.com/r/Bitcoin/comments/129e7eh/just_got_into_the_btc_game_and_im_buying_on_a/jeoneis/', 'If history repeats itself, you should still have a good buying opporunity for the next year or so, but in 2 years we would be in the midst of a new bull market run (again, if the cycle repeats). If I were new to it I would be trying to load up on BTC while it’s still < 35K (ie. While it’s still < 50% of the prior ATH). We’re still in a bear market & it’s a bargain.', '129e7eh']]], ['u/BriBumer', 'Nearly 1 Million Blockchain Addresses Now Hold Over 1 Bitcoin', 44, '2023-04-02 10:00', 'https://www.reddit.com/r/CryptoCurrency/comments/129ed60/nearly_1_million_blockchain_addresses_now_hold/', 'the news has become increasingly positive in recent weeks', 'https://cryptopotato.com/nearly-1-million-blockchain-addresses-now-hold-over-1-bitcoin/?amp', '129ed60', [['u/Generation-Y', 15, '2023-04-02 10:09', 'https://www.reddit.com/r/CryptoCurrency/comments/129ed60/nearly_1_million_blockchain_addresses_now_hold/jemzrvp/', 'The amount of people holding more than 1 Bitcoin is way less', '129ed60'], ['u/wheelerstealer', 21, '2023-04-02 10:21', 'https://www.reddit.com/r/CryptoCurrency/comments/129ed60/nearly_1_million_blockchain_addresses_now_hold/jen0n3k/', 'Unique adresses holding 1BTC =/= unique people holding 1BTC sadly', '129ed60'], ['u/tzu_ndere', 10, '2023-04-02 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/129ed60/nearly_1_million_blockchain_addresses_now_hold/jen1j7c/', 'Yeah, I keep my 0.0000001 BTC in 3 different addresses to be safe', '129ed60']]], ['u/K9_Kadaver', "Am I in the wrong for thinking that my dog's behaviourist is ovestepping?", 58, '2023-04-02 12:34', 'https://www.reddit.com/r/reactivedogs/comments/129hbzc/am_i_in_the_wrong_for_thinking_that_my_dogs/', ' The quick backstory is that my dog is now reactive due to firework trauma & fear of highly aggressive and out of control dogs in the neighbourhood. He\'s medicated on Prozac which has helped tremendously, before it we had to force him out of the house to go toilet. He\'s made leaps in progress and regressed in some other aspects due to the dogs but he\'s still entirely happy in himself in the house, is capable of having fun outside sometimes and goes absolutely ham when we rent out a 6 acre field for him. His biggest triggers are loud bangings, car exhausts popping and actively aggressive dogs (has completely ignored neutral or friendly dogs). Depending on how he\'s doing that day, his reactions range from staring, fixating, bolting or barking/lunging though the latter has only happened twice when dogs have actively tried to get to him. \n\n\nHe\'s about 7 maybe, 30kg and like... field lab/golden sized, he\'s in the large dog category but I see him as more medium sized. \n\n\nAnyways we\'ve been working with this behaviourist for a number of weeks- can\'t remember exactly 💀 She insisted on us getting tests and exams for Lābus to rule out any pain symptoms, the issue is that the tests n shit she wants either don\'t exist, would require a near 12 hour trip in the car to a giant city which would traumatise him more or just that both the vets and me don\'t think it\'s a concern. \n\n\nLike for example, she wants him tested for ghardia (£200 test at this vets, even the vet thinks that money would be better spent elsewhere for him) because he\'s sometimes constipated, I give him more veggies in his diet to help and sometimes I overdo the ratio and he gets diarrhea. Like it\'s not any form of uncertainty as to why he gets diarrhea, it\'s literally only when I accidentally give him too much vegetables. There isn\'t a horrendous smell to what he passes, which is a big sign of ghardia, and he doesn\'t have any stomach upsets. Or she wanted a "general x-ray" which isn\'t! a thing! and would cost thousands! Or like she wanted an MRI, which is doable except the cheapest I can find is £900 and it\'s in the next country. \n\n\nWhat\'s happened is the behaviourist has emailed the vet, the vet found it really odd what she said and sent it to us so here\'s the main bit, "I have explained again to them that I feel there could be an underlying issues, and whilst I agree increasing flx dose (if he\'s not already at the max dose) could help, I feel there is a longer term welfare issue if he has pain or another health problem. In my experience is anxiety is secondary to pain/ discomfort or other issues, the effect is somewhat temporary." \n\n​\n\n I just think this is kind of... Stupid? Maybe I\'m getting too "I know my dog better than you" but to claim it could be a welfare issue when he literally shows no sign of pain or stiffness in any aspect of his life? His anxiety is entirely in proportion to what\'s happened to him, I think. It was a series of different firework events over a couple months, all times were VERY extreme and even caught us off guard. I feel like even a human child would be affected by what\'s happened to Lābus. His regression there was clearly caused by the severely aggressive dogs because hey, that\'s scary! They don\'t understand that "actually that dog is leashed which means it\'s okay, even if they\'re actively coming closer." Like dogs can just... Have anxiety and be scared sometimes, it doesn\'t have to be a pain thing exclusively. \n\n\nI dunno though, like if I\'m being unreasonable please let me know 💀 just felt this was a good place to check with \n\n​\n\nLast bit of context is that the behaviourist is a certificated Clinical Animal Behaviourist with ASAB, a full member of the Association of Pet Behaviour Counsellors (APBC)\xa0 and registered Clinical Animal Behaviourist with the Animal Behaviour and Training Council (ABTC). She\'s worked with street dogs, village dogs, assistance dogs, extreme behaviour cases ranging from aggression to anxiety.', 'https://www.reddit.com/r/reactivedogs/comments/129hbzc/am_i_in_the_wrong_for_thinking_that_my_dogs/', '129hbzc', [['u/BoundingBorder', 147, '2023-04-02 13:40', 'https://www.reddit.com/r/reactivedogs/comments/129hbzc/am_i_in_the_wrong_for_thinking_that_my_dogs/jenemgh/', 'This is pretty normal. Most behaviorists of a certain level require basic common issues to be ruled out. It sounds as if there\'s miscommunication or misunderstanding over the extent of testing required, but a fecal exam should not cost £200, they\'re typically under $50 for multiple tests here. \n\nAdditionally she is likely looking for a lower spine/hip xray. Reactive dogs often show hip displaysia. The regular owner likely would not recognize how constant pain translates in behavior - animals are very good at hiding their pain, and mild to moderate hip displaysia can have behavioral symptoms but otherwise "seem fine" to the owner. Characteristic signs are typically within their gait, especially "bunny hopping" with both back legs" rather than each leg at a time, and this is rather easily seen in a casual ortho exam as they walk the dog up and down a few steps.\n\nI\'m a CBCC-KA among other certs, but I required current vet records and would ask the vets I worked with directly to look at certain things after I\'d assessed a dog. I had a good relationship with an orthopedic veterinarian who took care of the service dogs in my program and another organization I contracted for - he taught me early on how to assess for symptoms and it caught many dogs with joint issues in time to see him before the condition or the behavior got worse. \n\nFor certification orgs we are also under the expectation to refer to a vet immediately and not take on training if an underlying health issue is expected. Most owners don\'t know how much of a grey-area we operate in, but any medical conditions are extremely relevant to the animal\'s presenting behavioral symptoms, and taking these precautions is absolutely an ethical requirement.\n\nYou should discuss this with the trainer and your veterinarian to clarify what is needed.', '129hbzc'], ['u/K9_Kadaver', 13, '2023-04-02 14:20', 'https://www.reddit.com/r/reactivedogs/comments/129hbzc/am_i_in_the_wrong_for_thinking_that_my_dogs/jeni3fv/', 'Scotland ☝️', '129hbzc'], ['u/ribbit100', 48, '2023-04-02 14:41', 'https://www.reddit.com/r/reactivedogs/comments/129hbzc/am_i_in_the_wrong_for_thinking_that_my_dogs/jenk2ts/', 'Thank you for this information regarding hip dysplasia!!! We have been working with a behaviorist (fired her, she was awful) and have recently started with another one. No ONE mentioned hip dysplasia as a possible cause or contribution to our dogs behavior. He has conf...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading. Insights: Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges. Prices CoinDesk Market Index (CMI) 1,208 −13.8 ▼ 1.1% Bitcoin (BTC) $28,045 −377.2 ▼ 1.3% Ethereum (ETH) $1,788 −28.9 ▼ 1.6% S&P 500 4,109.31 +58.5 ▲ 1.4% Gold $1,979 +9.6 ▲ 0.5% Nikkei 225 28,041.48 +258.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Investors Continue Their Watchful Waiting Will April bring showers or more sunshine for bitcoin? The weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down. BTC was recently trading at $28,045, down 1.3% over the past 24 hours. It rose roughly 21% in March, despite a turbulent last two weeks in which markets teetered at times but always seemed to snap back above the $28,000 threshold. "Bitcoin has remained resilient over the last week or so, resulting in a general improvement in market sentiment," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. DiPasquale noted that bitcoin was trading above its 200-day moving average, "historically a strong indicator of bullish price action." But he also reflected uncertainty about BTC\'s path forward, calling "the $32K to $36K range ... an area of interest on the upside while $18K to $20K ... a strong range on the downside." Ether was also slightly up from the previous day to change hands at $1,788, down 1.6% but well within its range of the past two weeks. Ethereum developers now await the Shanghai upgrade, which is scheduled to occur April 12 and will mark Ethereum’s full transition to a proof-of-stake (PoS) network, enabling staked ETH withdrawals. Other cryptos in the top 25 by market value were largely in the red. Story continues ARB, the token of layer 2 blockchain Arbitrum, recently fell 7.4% to trade at $1.19. The decline came amid an uproar in the Arbitrum community over how the Arbitrum Foundation – a centralized company charged with promoting Arbitrum\'s claimed decentralized ecosystem – held a "ratification" vote over decisions it had already implemented, including sending nearly $1 billion in tokens to itself. On Sunday, the foundation said would break up its controversial governance package into a series of separate votes, bending to community pressure. Popular meme coins DOGE and SHIB were recently off 5.5% and 4.8%, respectively. The CoinDesk Market Index , a measure of crypto markets overall performance was recently down 1.2%. Equity markets closed an eventful, largely upbeat first quarter on a high with the tech-focused Nasdaq climbing 1.7% and the S&P 500 and the Dow Jones Industrial Average (DJIA) rising 1.2% and 1.4%, respectively. This week, investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March\'s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in central bankers\' contemplations about the ongoing strength of the economy, which historically leads to higher inflation readings. In an interview with CoinDesk TV, Marc Chandler, Bannockburn Global Forex managing director and chief market strategist, said that "the financial stress that we saw earlier this month is receding." "This is allowing the market to focus on two things, which was before the banking stress," he said, adding a note of caution. "One is that the labor market remains fairly robust. And inflation is too high for the Federal Reserve." Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.0% Currency Decentraland MANA +1.9% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −6.6% Currency Loopring LRC −6.3% Smart Contract Platform Shiba Inu SHIB −5.4% Currency Insights A Banner Quarter for Decentralized-Focused Tokens A growing fear that centralized crypto infrastructure will be the target of U.S. regulators has driven tokens that provide decentralized alternatives to be some of the best performers this past quarter. (CoinMarketCap) CoinMarketCap data shows that tokens for protocols LidoDAO (LDO), dYdX (DYDX), and GMX (GMX) were some of the best performers over the last 90 days. LDO surged in February when the Securities and Exchange Commission (SEC) ordered Kraken to shut down its staking service and continued to rally when Coinbase’s CEO Brian Armstrong said a blanket staking ban was coming alongside a securities classification – a scarlet letter for any sort of crypto with U.S. exposure. As for DYDX and GMX, the demise of FTX gave the market a renewed interest in decentralized derivatives exchanges. “FTX and [sister company] Alameda, as far as we know, were incredibly centralized, controlled by a single person. These things metastasize because of human error,” Dan Gunsberg, creator of Solana-based derivatives exchange Hxro, said to CoinDesk in December. Like staking, there’s also significant regulatory interest in derivatives. Binance was recently sued by the U.S. Commodity Futures Trading Commission (CFTC) and its derivatives trading desk was front-and-center in the suit. Traders are looking for decentralized alternatives, which they feel are beyond the big-guns of American regulators and outside the crypto war conflict zone. But decentralized derivative exchanges also have their problems too. As CoinDesk recently reported , many are struggling with liquidity and a lack of available open interest means that they cannot sustain big orders. While not all decentralized derivative exchanges suffer from this problem, it does cast some doubt on how well the idea scales. While decentralization was a theme for the quarter’s best performers, the actual token that took first place was Conflux (CFX), up a whopping 1,622%, according to CoinMarketCap data . It’s not entirely clear what’s driving such an outsized gain. Sure, Conflux’s Blockchain SIM card has attracted some interest from investors, but right now its all theoretical and still in a trial phase. On-chain data shows that the number of transactions on the CFX chain are lower than what they were a year ago. But, this is crypto. And sometimes there’s not discernable data behind a token that pumps. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Australia TD Securities Inflation (YoY/March) 3:55 p.m. HKT/SGT(7:55 UTC) Germany S&P Global/BME Manufacturing PMI (March) 10:00 p.m. HKT/SGT(14:00 UTC) United States ISM Manufacturing PMI (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips as Fed\'s Preferred Inflation Gauge Rose 0.3% in February; What\'s Next for Binance? Bitcoin (BTC) was hovering around $28,000 as the PCE price index increased 0.3 percent in February. Bannockburn Global Forex chief market strategist Marc Chandler shared his crypto markets analysis. Plus, DappRadar head of research and analytics Pedro Herrera discussed decentralized finance\'s performance and the rise of interest in Arbitrum in the first quarter. Headlines Arbitrum’s First Governance Proposal Turns Messy With $1B ARB Tokens at Stake : The Arbitrum Foundation would get to side-step community governance when issuing “special grants.” Over 7,000 Players Successfully Converged in Yuga Labs\' Otherside Metaverse \'Second Trip\' : Thousands of non-fungible token holders joined the gamified experience last weekend, showing glimpses of what’s to come from the virtual world launching later this year. TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost : The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair. Investors Pour Money Into Crypto Investments for 4th Straight Month : Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare. U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month : The government will sell the remaining 41,490 BTC in four tranches this year.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading.\nInsights:Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges.\nCoinDesk Market Index (CMI)\n1,208\n−13.8▼1.1%\nBitcoin (BTC)\n$28,045\n−377.2▼1.3%\nEthereum (ETH)\n$1,788\n−28.9▼1.6%\nS&P 500\n4,109.31\n+58.5▲1.4%\nGold\n$1,979\n+9.6▲0.5%\nNikkei 225\n28,041.48\n+258.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Investors Continue Their Watchful Waiting\nWill April bring showers or more sunshine for bitcoin?\nThe weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down.\nBTC was recently trading at $28,045, down 1.3% over the past 24 hours. Itrose roughly 21%in March, despite a turbulent last two weeks in which markets teetered at times but always seemed to snap back above the $28,000 threshold.\n"Bitcoin has remained resilient over the last week or so, resulting in a general improvement in market sentiment," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk.\nDiPasquale noted that bitcoin was trading above its 200-day moving average, "historically a strong indicator of bullish price action."\nBut he also reflected uncertainty about BTC\'s path forward, calling "the $32K to $36K range ... an area of interest on the upside while $18K to $20K ... a strong range on the downside."\nEther was also slightly up from the previous day to change hands at $1,788, down 1.6% but well within its range of the past two weeks. Ethereum developersnow awaitthe Shanghai upgrade, which is scheduled to occur April 12 and will mark Ethereum’s full transition to aproof-of-stake(PoS) network, enabling stakedETHwithdrawals. Other cryptos in the top 25 by market value were largely in the red.\nARB, the token of layer 2 blockchain Arbitrum, recently fell 7.4% to trade at $1.19. The decline came amid anuproar in the Arbitrum communityover how the Arbitrum Foundation – a centralized company charged with promoting Arbitrum\'s claimed decentralized ecosystem – held a "ratification"voteover decisions it had already implemented, including sending nearly $1 billion in tokens to itself. On Sunday, the foundation said would break up its controversial governance package into a series of separate votes, bending to community pressure.\nPopular meme coins DOGE and SHIB were recently off 5.5% and 4.8%, respectively. TheCoinDesk Market Index, a measure of crypto markets overall performance was recently down 1.2%.\nEquity markets closed an eventful, largely upbeat first quarter on a high with the tech-focused Nasdaq climbing 1.7% and the S&P 500 and the Dow Jones Industrial Average (DJIA) rising 1.2% and 1.4%, respectively.\nThis week, investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March\'s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in central bankers\' contemplations about the ongoing strength of the economy, which historically leads to higher inflation readings.\nIn an interview with CoinDesk TV, Marc Chandler, Bannockburn Global Forex managing director and chief market strategist, said that "the financial stress that we saw earlier this month is receding."\n"This is allowing the market to focus on two things, which was before the banking stress," he said, adding a note of caution. "One is that the labor market remains fairly robust. And inflation is too high for the Federal Reserve."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.0%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+1.9%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22126.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22125.4%", "DACS Sector": "Currency"}]\nA Banner Quarter for Decentralized-Focused Tokens\nA growing fear that centralized crypto infrastructure will be the target of U.S. regulators has driven tokens that provide decentralized alternatives to be some of the best performers this past quarter.\nCoinMarketCap data shows that tokens for protocols LidoDAO (LDO), dYdX (DYDX), and GMX (GMX) were some of the best performers over the last 90 days.\nLDO surged in February when the Securities and Exchange Commission (SEC) orderedKraken to shut downits staking service and continued torally when Coinbase’s CEOBrian Armstrong said a blanket staking ban was coming alongside a securities classification – a scarlet letter for any sort of crypto with U.S. exposure.\nAs for DYDX and GMX, the demise of FTX gave the market a renewed interest in decentralized derivatives exchanges.\n“FTX and [sister company] Alameda, as far as we know, were incredibly centralized, controlled by a single person. These things metastasize because of human error,” Dan Gunsberg, creator of Solana-based derivatives exchange Hxro,said to CoinDeskin December.\nLike staking, there’s also significant regulatory interest in derivatives. Binancewas recently suedby the U.S. Commodity Futures Trading Commission (CFTC) and its derivatives trading desk was front-and-center in the suit. Traders are looking for decentralized alternatives, which they feel are beyond the big-guns of American regulators andoutside the crypto war conflict zone.\nBut decentralized derivative exchanges also have their problems too. As CoinDeskrecently reported, many are struggling with liquidity and a lack of available open interest means that they cannot sustain big orders. While not all decentralized derivative exchanges suffer from this problem, it does cast some doubt on how well the idea scales.\nWhile decentralization was a theme for the quarter’s best performers, the actual token that took first place was Conflux (CFX), up a whopping 1,622%,according to CoinMarketCap data.\nIt’s not entirely clear what’s driving such an outsized gain. Sure, Conflux’s Blockchain SIM card hasattracted some interestfrom investors, but right now its all theoretical and still in a trial phase. On-chain data shows that thenumber of transactions on the CFX chain are lowerthan what they were a year ago.\nBut, this is crypto. And sometimes there’s not discernable data behind a token that pumps.\n9:00 a.m. HKT/SGT(1:00 UTC)Australia TD Securities Inflation (YoY/March)\n3:55 p.m. HKT/SGT(7:55 UTC)Germany S&P Global/BME Manufacturing PMI (March)\n10:00 p.m. HKT/SGT(14:00 UTC)United States ISM Manufacturing PMI (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips as Fed\'s Preferred Inflation Gauge Rose 0.3% in February; What\'s Next for Binance?\nBitcoin (BTC) was hovering around $28,000 as the PCE price index increased 0.3 percent in February. Bannockburn Global Forex chief market strategist Marc Chandler shared his crypto markets analysis. Plus, DappRadar head of research and analytics Pedro Herrera discussed decentralized finance\'s performance and the rise of interest in Arbitrum in the first quarter.\nArbitrum’s First Governance Proposal Turns Messy With $1B ARB Tokens at Stake:The Arbitrum Foundation would get to side-step community governance when issuing “special grants.”\nOver 7,000 Players Successfully Converged in Yuga Labs\' Otherside Metaverse \'Second Trip\':Thousands of non-fungible token holders joined the gamified experience last weekend, showing glimpses of what’s to come from the virtual world launching later this year.\nTUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost:The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.\nInvestors Pour Money Into Crypto Investments for 4th Straight Month:Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare.\nU.S. Government Sold $216M of Seized Silk Road Bitcoin This Month:The government will sell the remaining 41,490 BTC in four tranches this year.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading.\nInsights:Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges.\nCoinDesk Market Index (CMI)\n1,208\n−13.8▼1.1%\nBitcoin (BTC)\n$28,045\n−377.2▼1.3%\nEthereum (ETH)\n$1,788\n−28.9▼1.6%\nS&P 500\n4,109.31\n+58.5▲1.4%\nGold\n$1,979\n+9.6▲0.5%\nNikkei 225\n28,041.48\n+258.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Investors Continue Their Watchful Waiting\nWill April bring showers or more sunshine for bitcoin?\nThe weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down.\nBTC was recently trading at $28,045, down 1.3% over the past 24 hours. Itrose roughly 21%in March, despite a turbulent last two weeks in which markets teetered at times but always seemed to snap back above the $28,000 threshold.\n"Bitcoin has remained resilient over the last week or so, resulting in a general improvement in market sentiment," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk.\nDiPasquale noted that bitcoin was trading above its 200-day moving average, "historically a strong indicator of bullish price action."\nBut he also reflected uncertainty about BTC\'s path forward, calling "the $32K to $36K range ... an area of interest on the upside while $18K to $20K ... a strong range on the downside."\nEther was also slightly up from the previous day to change hands at $1,788, down 1.6% but well within its range of the past two weeks. Ethereum developersnow awaitthe Shanghai upgrade, which is scheduled to occur April 12 and will mark Ethereum’s full transition to aproof-of-stake(PoS) network, enabling stakedETHwithdrawals. Other cryptos in the top 25 by market value were largely in the red.\nARB, the token of layer 2 blockchain Arbitrum, recently fell 7.4% to trade at $1.19. The decline came amid anuproar in the Arbitrum communityover how the Arbitrum Foundation – a centralized company charged with promoting Arbitrum\'s claimed decentralized ecosystem – held a "ratification"voteover decisions it had already implemented, including sending nearly $1 billion in tokens to itself. On Sunday, the foundation said would break up its controversial governance package into a series of separate votes, bending to community pressure.\nPopular meme coins DOGE and SHIB were recently off 5.5% and 4.8%, respectively. TheCoinDesk Market Index, a measure of crypto markets overall performance was recently down 1.2%.\nEquity markets closed an eventful, largely upbeat first quarter on a high with the tech-focused Nasdaq climbing 1.7% and the S&P 500 and the Dow Jones Industrial Average (DJIA) rising 1.2% and 1.4%, respectively.\nThis week, investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March\'s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in central bankers\' contemplations about the ongoing strength of the economy, which historically leads to higher inflation readings.\nIn an interview with CoinDesk TV, Marc Chandler, Bannockburn Global Forex managing director and chief market strategist, said that "the financial stress that we saw earlier this month is receding."\n"This is allowing the market to focus on two things, which was before the banking stress," he said, adding a note of caution. "One is that the labor market remains fairly robust. And inflation is too high for the Federal Reserve."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+3.0%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+1.9%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.6%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22126.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22125.4%", "DACS Sector": "Currency"}]\nA Banner Quarter for Decentralized-Focused Tokens\nA growing fear that centralized crypto infrastructure will be the target of U.S. regulators has driven tokens that provide decentralized alternatives to be some of the best performers this past quarter.\nCoinMarketCap data shows that tokens for protocols LidoDAO (LDO), dYdX (DYDX), and GMX (GMX) were some of the best performers over the last 90 days.\nLDO surged in February when the Securities and Exchange Commission (SEC) orderedKraken to shut downits staking service and continued torally when Coinbase’s CEOBrian Armstrong said a blanket staking ban was coming alongside a securities classification – a scarlet letter for any sort of crypto with U.S. exposure.\nAs for DYDX and GMX, the demise of FTX gave the market a renewed interest in decentralized derivatives exchanges.\n“FTX and [sister company] Alameda, as far as we know, were incredibly centralized, controlled by a single person. These things metastasize because of human error,” Dan Gunsberg, creator of Solana-based derivatives exchange Hxro,said to CoinDeskin December.\nLike staking, there’s also significant regulatory interest in derivatives. Binancewas recently suedby the U.S. Commodity Futures Trading Commission (CFTC) and its derivatives trading desk was front-and-center in the suit. Traders are looking for decentralized alternatives, which they feel are beyond the big-guns of American regulators andoutside the crypto war conflict zone.\nBut decentralized derivative exchanges also have their problems too. As CoinDeskrecently reported, many are struggling with liquidity and a lack of available open interest means that they cannot sustain big orders. While not all decentralized derivative exchanges suffer from this problem, it does cast some doubt on how well the idea scales.\nWhile decentralization was a theme for the quarter’s best performers, the actual token that took first place was Conflux (CFX), up a whopping 1,622%,according to CoinMarketCap data.\nIt’s not entirely clear what’s driving such an outsized gain. Sure, Conflux’s Blockchain SIM card hasattracted some interestfrom investors, but right now its all theoretical and still in a trial phase. On-chain data shows that thenumber of transactions on the CFX chain are lowerthan what they were a year ago.\nBut, this is crypto. And sometimes there’s not discernable data behind a token that pumps.\n9:00 a.m. HKT/SGT(1:00 UTC)Australia TD Securities Inflation (YoY/March)\n3:55 p.m. HKT/SGT(7:55 UTC)Germany S&P Global/BME Manufacturing PMI (March)\n10:00 p.m. HKT/SGT(14:00 UTC)United States ISM Manufacturing PMI (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Slips as Fed\'s Preferred Inflation Gauge Rose 0.3% in February; What\'s Next for Binance?\nBitcoin (BTC) was hovering around $28,000 as the PCE price index increased 0.3 percent in February. Bannockburn Global Forex chief market strategist Marc Chandler shared his crypto markets analysis. Plus, DappRadar head of research and analytics Pedro Herrera discussed decentralized finance\'s performance and the rise of interest in Arbitrum in the first quarter.\nArbitrum’s First Governance Proposal Turns Messy With $1B ARB Tokens at Stake:The Arbitrum Foundation would get to side-step community governance when issuing “special grants.”\nOver 7,000 Players Successfully Converged in Yuga Labs\' Otherside Metaverse \'Second Trip\':Thousands of non-fungible token holders joined the gamified experience last weekend, showing glimpses of what’s to come from the virtual world launching later this year.\nTUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost:The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.\nInvestors Pour Money Into Crypto Investments for 4th Straight Month:Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare.\nU.S. Government Sold $216M of Seized Silk Road Bitcoin This Month:The government will sell the remaining 41,490 BTC in four tranches this year.', 'Bitcoin dipped in Monday morning trading in Asia but remained above the US$28,000 resistance level, while most other top 10 non-stablecoin cryptocurrencies traded lower following a week unsettled by U.S. regulators’ litigation against the world’s largest crypto exchange Binance for allegedly violating trading rules. U.S. equities jumped on Friday as the Federal Reserve’s preferred inflation gauge pointed to a slowdown in the economy and a potential end of the Fed’s tightening cycle.\nSee related article:Weekly Market Wrap: Bitcoin pops above US$29,000, market shrugs off Binance legal woes\n• Bitcoin dipped 0.93% to US$28,111 in the 24 hours to 9:00 a.m. in Hong Kong, to add 0.35% for the past seven days, according toCoinMarketCap data. The world’s largest cryptocurrency fell to a low of US$26,677 last Tuesday following the U.S. Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance, and has recovered over 5.37% from that point.\n• Ethereum dropped 1.27% to US$1,790 but traded up 0.61% for the week. Ethereum blockchain’sShanghai hard fork, which includes an update that will allow investors to withdraw their staked ETH for the first time, is scheduled for April 12, the Ethereum Foundation announcedlast week.\n• Dogecoin led losses with a 5.92% drop in the past 24 hours and traded at US$0.07871, but held a weekly gain of 5.67%. Tesla Chief Executive Officer Elon Musk, whose tweets have caused price moves of the meme coin, is reportedly seeking to dismiss a US$258 billionprice manipulationlawsuit,Reuters reportedon Saturday.\n• XRP rose 3.06% to US$0.5192 for a weekly gain of 15.57%. Behind XRP’s rally is the growing optimism that Ripple Labs, whose crypto payment platform is powered by XRP, would end its on-goinglawsuitagainst the U.S. Securities and Exchange Commission (SEC), which charged the company and its executives with breaching securities laws.\n• Ripple Labs CEO Brad Garlinghouse called for U.S. officials to take notice of the SEC’s enforcement actions onTwitterlast Friday. SEC Chair Gary Gensler requestedUS$2.4 billion in fundingfrom Congress last Wednesday to intensify the agency’s crackdown on cryptocurrency misconduct.\n• The total crypto market capitalization dipped 1.10% in the past 24 hours to US$1.17 trillion. The total trading volume over the last 24 hours increased 2.96% to US$31.79 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.37% to 4,067.30 as of 09:00 a.m. in Hong Kong, up 0.85% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byForkast Labsdata branch,CryptoSlam.\n• Forkast SOL NFT Composite, which tracks the performance of the Solana NFT market, rose 1.03% for the day to 1,215.36, and held a weekly gain of 5.07%, following themigration of DeGods— a Solana-based NFT collection — to the Ethereum blockchain. NFT trading activities went up as investors anticipated the price of DeGods to rise on Ethereum, as it had with Y00ts, a collection that started migrating to Polygon earlier last week.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average moved up 1.26%, the S&P 500 gained 1.44%, and the Nasdaq Composite Index rose 1.74.\n• The U.S. Personal Consumption Expenditures Price Index, which excludes food and energy, edged up 0.3% in February, lower than theexpected0.4%. The economic reading points to a slowdown of inflation, and could offset the Fed’s tendency for more aggressive rate hikes, which raised the rates to 4.75% to 5% in March, the highest level since 2007.\n• New York Fed President John Williamssaidlast Friday he expects the U.S. annual inflation rate would drop to 3.25% within 2023, and fall below the Fed’s long-term target of 2% in the next two years, stressing that price stability remains the Fed’s top concern despite the turmoils in the banking system.\n• Analysts at theCME Groupremain mixed on the Fed’s next move on interest rates, which will be made at the next Fed meeting on May 3. 50.4% of the analysts predict no rate hike, while 49.6% expect a 25 basis-point rise.\n• U.S. stock futures traded mixed as of 9:00 a.m. in Hong Kong, as investors wait for a series of U.S. economic data releases this week, including the manufacturing purchasing managers’ index on Monday. The Dow Jones Industrial Average futures moved up 0.10%, S&P 500 futures dropped 0.24% and the Nasdaq Composite Index fell 0.63%.\nSee related article:Japan’s finance ministry to launch panel to assess digital yen: NHK', 'Bitcoin dipped in Monday morning trading in Asia but remained above the US$28,000 resistance level, while most other top 10 non-stablecoin cryptocurrencies traded lower following a week unsettled by U.S. regulators’ litigation against the world’s largest crypto exchange Binance for allegedly violating trading rules. U.S. equities jumped on Friday as the Federal Reserve’s preferred inflation gauge pointed to a slowdown in the economy and a potential end of the Fed’s tightening cycle.\nSee related article:Weekly Market Wrap: Bitcoin pops above US$29,000, market shrugs off Binance legal woes\n• Bitcoin dipped 0.93% to US$28,111 in the 24 hours to 9:00 a.m. in Hong Kong, to add 0.35% for the past seven days, according toCoinMarketCap data. The world’s largest cryptocurrency fell to a low of US$26,677 last Tuesday following the U.S. Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance, and has recovered over 5.37% from that point.\n• Ethereum dropped 1.27% to US$1,790 but traded up 0.61% for the week. Ethereum blockchain’sShanghai hard fork, which includes an update that will allow investors to withdraw their staked ETH for the first time, is scheduled for April 12, the Ethereum Foundation announcedlast week.\n• Dogecoin led losses with a 5.92% drop in the past 24 hours and traded at US$0.07871, but held a weekly gain of 5.67%. Tesla Chief Executive Officer Elon Musk, whose tweets have caused price moves of the meme coin, is reportedly seeking to dismiss a US$258 billionprice manipulationlawsuit,Reuters reportedon Saturday.\n• XRP rose 3.06% to US$0.5192 for a weekly gain of 15.57%. Behind XRP’s rally is the growing optimism that Ripple Labs, whose crypto payment platform is powered by XRP, would end its on-goinglawsuitagainst the U.S. Securities and Exchange Commission (SEC), which charged the company and its executives with breaching securities laws.\n• Ripple Labs CEO Brad Garlinghouse called for U.S. officials to take notice of the SEC’s enforcement actions onTwitterlast Friday. SEC Chair Gary Gensler requestedUS$2.4 billion in fundingfrom Congress last Wednesday to intensify the agency’s crackdown on cryptocurrency misconduct.\n• The total crypto market capitalization dipped 1.10% in the past 24 hours to US$1.17 trillion. The total trading volume over the last 24 hours increased 2.96% to US$31.79 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.37% to 4,067.30 as of 09:00 a.m. in Hong Kong, up 0.85% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byForkast Labsdata branch,CryptoSlam.\n• Forkast SOL NFT Composite, which tracks the performance of the Solana NFT market, rose 1.03% for the day to 1,215.36, and held a weekly gain of 5.07%, following themigration of DeGods— a Solana-based NFT collection — to the Ethereum blockchain. NFT trading activities went up as investors anticipated the price of DeGods to rise on Ethereum, as it had with Y00ts, a collection that started migrating to Polygon earlier last week.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average moved up 1.26%, the S&P 500 gained 1.44%, and the Nasdaq Composite Index rose 1.74.\n• The U.S. Personal Consumption Expenditures Price Index, which excludes food and energy, edged up 0.3% in February, lower than theexpected0.4%. The economic reading points to a slowdown of inflation, and could offset the Fed’s tendency for more aggressive rate hikes, which raised the rates to 4.75% to 5% in March, the highest level since 2007.\n• New York Fed President John Williamssaidlast Friday he expects the U.S. annual inflation rate would drop to 3.25% within 2023, and fall below the Fed’s long-term target of 2% in the next two years, stressing that price stability remains the Fed’s top concern despite the turmoils in the banking system.\n• Analysts at theCME Groupremain mixed on the Fed’s next move on interest rates, which will be made at the next Fed meeting on May 3. 50.4% of the analysts predict no rate hike, while 49.6% expect a 25 basis-point rise.\n• U.S. stock futures traded mixed as of 9:00 a.m. in Hong Kong, as investors wait for a series of U.S. economic data releases this week, including the manufacturing purchasing managers’ index on Monday. The Dow Jones Industrial Average futures moved up 0.10%, S&P 500 futures dropped 0.24% and the Nasdaq Composite Index fell 0.63%.\nSee related article:Japan’s finance ministry to launch panel to assess digital yen: NHK', 'Bitcoin dipped in Monday morning trading in Asia but remained above the US$28,000 resistance level, while most other top 10 non-stablecoin cryptocurrencies traded lower following a week unsettled by U.S. regulators\x92 litigation against the world\x92s largest crypto exchange Binance for allegedly violating trading rules. U.S. equities jumped on Friday as the Federal Reserve\x92s preferred inflation gauge pointed to a slowdown in the economy and a potential end of the Fed\x92s tightening cycle. See related article: Weekly Market Wrap: Bitcoin pops above US$29,000, market shrugs off Binance legal woes Fast facts Bitcoin dipped 0.93% to US$28,111 in the 24 hours to 9:00 a.m. in Hong Kong, to add 0.35% for the past seven days, according to CoinMarketCap data . The world\x92s largest cryptocurrency fell to a low of US$26,677 last Tuesday following the U.S. Commodity Futures Trading Commission\x92s (CFTC) lawsuit against Binance, and has recovered over 5.37% from that point. Ethereum dropped 1.27% to US$1,790 but traded up 0.61% for the week. Ethereum blockchain\x92s Shanghai hard fork , which includes an update that will allow investors to withdraw their staked ETH for the first time, is scheduled for April 12, the Ethereum Foundation announced last week . Dogecoin led losses with a 5.92% drop in the past 24 hours and traded at US$0.07871, but held a weekly gain of 5.67%. Tesla Chief Executive Officer Elon Musk, whose tweets have caused price moves of the meme coin, is reportedly seeking to dismiss a US$258 billion price manipulation lawsuit, Reuters reported on Saturday. XRP rose 3.06% to US$0.5192 for a weekly gain of 15.57%. Behind XRP\x92s rally is the growing optimism that Ripple Labs, whose crypto payment platform is powered by XRP, would end its on-going lawsuit against the U.S. Securities and Exchange Commission (SEC), which charged the company and its executives with breaching securities laws. Ripple Labs CEO Brad Garlinghouse called for U.S. officials to take notice of the SEC\x92s enforcement actions on Twitter last Friday. SEC Chair Gary Gensler requested US$2.4 billion in funding from Congress last Wednesday to intensify the agency\x92s crackdown on cryptocurrency misconduct. The total crypto market capitalization dipped 1.10% in the past 24 hours to US$1.17 trillion. The total trading volume over the last 24 hours increased 2.96% to US$31.79 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.37% to 4,067.30 as of 09:00 a.m. in Hong Kong, up 0.85% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam . Forkast SOL NFT Composite, which tracks the performance of the Solana NFT market, rose 1.03% for the day to 1,215.36, and held a weekly gain of 5.07%, following the migration of DeGods \x97 a Solana-based NFT collection \x97 to the Ethereum blockchain. NFT trading activities went up as investors anticipated the price of DeGods to rise on Ethereum, as it had with Y00ts, a collection that started migrating to Polygon earlier last week. U.S. equities closed higher on Friday. The Dow Jones Industrial Average moved up 1.26%, the S&P 500 gained 1.44%, and the Nasdaq Composite Index rose 1.74. The U.S. Personal Consumption Expenditures Price Index, which excludes food and energy, edged up 0.3% in February, lower than the expected 0.4%. The economic reading points to a slowdown of inflation, and could offset the Fed\x92s tendency for more aggressive rate hikes, which raised the rates to 4.75% to 5% in March, the highest level since 2007. New York Fed President John Williams said last Friday he expects the U.S. annual inflation rate would drop to 3.25% within 2023, and fall below the Fed\x92s long-term target of 2% in the next two years, stressing that price stability remains the Fed\x92s top concern despite the turmoils in the banking system. Analysts at the CME Group remain mixed on the Fed\x92s next move on interest rates, which will be made at the next Fed meeting on May 3. 50.4% of the analysts predict no rate hike, while 49.6% expect a 25 basis-point rise. U.S. stock futures traded mixed as of 9:00 a.m. in Hong Kong, as investors wait for a series of U.S. economic data releases this week, including the manufacturing purchasing managers\x92 index on Monday. The Dow Jones Industrial Average futures moved up 0.10%, S&P 500 futures dropped 0.24% and the Nasdaq Composite Index fell 0.63%. See related article: Japan\x92s finance ministry to launch panel to assess digital yen: NHK', '(Bloomberg) -- The New York Times has lost its Twitter verified badge, after attracting the ire of billionaire owner Elon Musk over its refusal to pay for the privilege. Most Read from Bloomberg Google and Amazon Struggle to Lay Off Workers in Europe China Restraint on Taiwan Shows Xi Has Bigger Concerns Now Nassim Taleb On What Bitcoiners, Anti-Vaxxers, VCs and Deadlifters Are Getting Wrong Traders on Guard Hoping for ‘Just Right’ Jobs Data: Markets Wrap Supreme Court Lets Transgender Girl Stay on School Track Team The main account of The New York Times, which has about 55 million followers, no longer bears a verification check mark, though several of its subsection accounts remain verified. The NYT Books and Food accounts retain their unpaid legacy blue checks, while NYT Travel bears a gold badge as it’s associated with an official organization on Twitter. The paper was among the first major news publications to say it will not be paying a fee to have its Twitter accounts verified. Musk, who has been promulgating a $8-per-month Twitter Blue subscription as the main way to remain verified on his social network, responded by lashing out at the paper, which charges for its own subscription service. He called the publication hypocritical and characterized its coverage as “propaganda.” He has done little to combat the appearance of ad hoc decision making — responding to a meme about the outlet not paying for the blue badge, he wrote “Oh ok, we’ll take it off then.” Read More: Twitter Users Balk at Paying $8 a Month for Musk’s Blue Check Twitter said it would begin removing unpaid verification marks from April 1. In a now-deleted tweet, Musk suggested his company would give “a few weeks grace” to accounts not yet paying to retain their status, with only those that confirm they won’t pay being stripped. It is unclear if that still holds true. Twitter responded to a request for comment with a poop emoji, its now-automated response to press queries. “We aren’t planning to pay the monthly fee for check mark status for our institutional Twitter accounts,” said a New York Times spokesperson, adding it will only reimburse reporters for using Twitter Blue “in rare instances where this status would be essential for reporting purposes.” Story continues Many users with the blue check — typically given to major news sources, celebrities and political figures — have pushed back against the move to charge for it. Other news organizations such as CNN and the Los Angeles Times have said they do not plan to pay for Twitter verification. Bloomberg News has also said that it won’t reimburse staff for Twitter Blue accounts. Most Read from Bloomberg Businessweek Scaramucci’s SkyBridge Capital Was Spiraling, and Then Came FTX Apple’s Complex, Secretive Gamble to Move Beyond China What to Do With Your Money—and Your Life—in a Wild New World Xi Jinping Launches a Charm Offensive to Repair China’s Tattered Image Thanks to Putin, Business Is Booming for Germany’s Defense Contractors ©2023 Bloomberg L.P.', '(Bloomberg) -- The New York Times has lost its Twitter verified badge, after attracting the ire of billionaire owner Elon Musk over its refusal to pay for the privilege. Most Read from Bloomberg Google and Amazon Struggle to Lay Off Workers in Europe China Restraint on Taiwan Shows Xi Has Bigger Concerns Now Nassim Taleb On What Bitcoiners, Anti-Vaxxers, VCs and Deadlifters Are Getting Wrong Traders on Guard Hoping for ‘Just Right’ Jobs Data: Markets Wrap Supreme Court Lets Transgender Girl Stay on School Track Team The main account of The New York Times, which has about 55 million followers, no longer bears a verification check mark, though several of its subsection accounts remain verified. The NYT Books and Food accounts retain their unpaid legacy blue checks, while NYT Travel bears a gold badge as it’s associated with an official organization on Twitter. The paper was among the first major news publications to say it will not be paying a fee to have its Twitter accounts verified. Musk, who has been promulgating a $8-per-month Twitter Blue subscription as the main way to remain verified on his social network, responded by lashing out at the paper, which charges for its own subscription service. He called the publication hypocritical and characterized its coverage as “propaganda.” He has done little to combat the appearance of ad hoc decision making — responding to a meme about the outlet not paying for the blue badge, he wrote “Oh ok, we’ll take it off then.” Read More: Twitter Users Balk at Paying $8 a Month for Musk’s Blue Check Twitter said it would begin removing unpaid verification marks from April 1. In a now-deleted tweet, Musk suggested his company would give “a few weeks grace” to accounts not yet paying to retain their status, with only those that confirm they won’t pay being stripped. It is unclear if that still holds true. Twitter responded to a request for comment with a poop emoji, its now-automated response to press queries. “We aren’t planning to pay the monthly fee for check mark status for our institutional Twitter accounts,” said a New York Times spokesperson, adding it will only reimburse reporters for using Twitter Blue “in rare instances where this status would be essential for reporting purposes.” Story continues Many users with the blue check — typically given to major news sources, celebrities and political figures — have pushed back against the move to charge for it. Other news organizations such as CNN and the Los Angeles Times have said they do not plan to pay for Twitter verification. Bloomberg News has also said that it won’t reimburse staff for Twitter Blue accounts. Most Read from Bloomberg Businessweek Scaramucci’s SkyBridge Capital Was Spiraling, and Then Came FTX Apple’s Complex, Secretive Gamble to Move Beyond China What to Do With Your Money—and Your Life—in a Wild New World Xi Jinping Launches a Charm Offensive to Repair China’s Tattered Image Thanks to Putin, Business Is Booming for Germany’s Defense Contractors ©2023 Bloomberg L.P.', '(Bloomberg) -- Hanwha Aerospace Co. is building South Korea’s first commercial rocket with an ambitious target: matching Elon Musk’s SpaceX in price within the next decade.\nMost Read from Bloomberg\n• Google and Amazon Struggle to Lay Off Workers in Europe\n• China Restraint on Taiwan Shows Xi Has Bigger Concerns Now\n• Nassim Taleb On What Bitcoiners, Anti-Vaxxers, VCs and Deadlifters Are Getting Wrong\n• Traders on Guard Hoping for ‘Just Right’ Jobs Data: Markets Wrap\n• Tesla Lets Old Age Get the Best of Its Most Expensive Models\nThe company is part of Hanwha Group, a 71-year-old conglomerate that started as an explosives maker, branched into weapons sales and is now shifting into green energy, defense and aerospace. Cash from arms sales to Ukraine’s neighbors is helping to fund Hanwha’s efforts to expand its two-year-old space business.\nNuri, a rocket developed by the Korea Aerospace Research Institute using Hanwha’s engines, isn’t reusable, but the goal is to eventually halve launch prices by 2032 to match SpaceX, Yoo Dongwan, senior executive vice president of Hanwha Aerospace, said in an interview.\nSpaceX’s Falcon 9 currently costs about $67 million per launch.\n“Initially we may be a niche player and eventually, we hope to catch up” with SpaceX, Yoo told Bloomberg Television in Seoul.\nRead more: South Korea Maps Out Plan to Become Major Space Player by 2045\nShares of Hanwha Aerospace have climbed more than 30% this year, after jumping 53% in 2022 when Hanwha Group merged all its defense businesses into Hanwha Aerospace. Hanwha Group is a family-controlled conglomerate; heir-apparent Dong Kwan Kim, a Harvard University graduate, leads the aerospace business.\nShares of Hanwha Aerospace rose as much as 4.5%, the highest since 2011.\nLike other rivals, Hanwha Aerospace is seeking to become more than a rocket company and push into satellite operation, moon exploration and resource extraction.\nHanwha Aerospace has bought a 9% stake in British satellite startup OneWeb Ltd., a rival to SpaceX’s Starlink satellite internet service. Parent Hanwha Group is in process of buying a 49.3% stake to be the largest shareholder in submarine maker Daewoo Shipbuilding & Marine Engineering.\nSouth Korea’s President Yoon Suk Yeol has made it his goal to develop a home-grown commercial-rocket industry. Last year, Hanwha Aerospace won a bid to jointly develop the country’s next-generation commercial rocket with the government.\nHanwha, which has only worked on aircraft components and engines until now, plans to make three more Nuri rockets with government researchers. In Japan, Mitsubishi Heavy Industries Ltd.’s H3 rocket — which recently failed to reach orbit — is aiming for $50 million per launch.\nDemand for Korean rockets will initially be driven by the government but the goal is to eventually reduce that to just half, Yoo said. Hanwha is looking to develop a next-generation rocket on its own, he added.\n“We are aiming for a reusable rocket,” Yoo said. “That’s something we have to grow on our own” as foreign companies are “not willing to share that technology with us,” he said.\nArms Exporter\nHanwha is one of the world’s fastest-growing aerospace and defense contractors. Hanwha Systems, a subsidiary of Hanwha Aerospace, ranked third in revenue growth among 100 companies analyzed by PwC in its 2022
**Last 60 Days of Bitcoin's Closing Prices:**
[23471.87, 23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-03
**Financial & Commodity Data:**
- Gold Closing Price: $1983.90
- Crude Oil Closing Price: $80.42
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,178,766,800
- Hash Rate: 305046345.6765345
- Transaction Count: 332870.0
- Unique Addresses: 681747.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was a good run: just under 48 hours. That’s how long the Chinese government allowed Damus, a decentralized, Apple-native Twitter alternative backed by Jack Dorsey, to live on the country’s version of Apple’s App Store. On Thursday, Damus announced the Cyberspace Administration of China (CAC) had demanded the app’s removal, due to alleged violation of national speech laws. Apple immediately complied with the request. That was fast pic.twitter.com/ntt9xW3AUr — Damus⚡️ (@damusapp) February 2, 2023 Damus is just one of several projects currently being built atop Nostr, a decentralized social media protocol favored by Dorsey. Last year, the Twitter co-founder donated 14 BTC (about $327,000 at writing) to fund Nostr’s development. The app also integrates the Bitcoin Lightning Network for payments. Nostr is an open-source protocol based on cryptographic keypairs that aims to become the foundation of a global, decentralized, censorship-resistant social network. Anyone can build an app on top of Nostr; on such apps, users can’t be banned, and posts can’t be censored, as clients are run by all users. Nostr developers created Apple-compatible Twitter analog Damus as a proof of concept of Nostr’s potential. Other projects built atop the protocol include would-be Telegram replacement Anigma and chess app Jester. Damus had only just launched globally on Tuesday after obtaining approval from Apple to be listed in the App Store. a milestone for open protocols... #nostr is now officially on the Apple App Store with @damusapp : https://t.co/GQmvPE5nfX — jack (@jack) January 31, 2023 While Apple, at the behest of national governments, can ban apps built on Nostr like Damus, no entity is able to censor Nostr itself. That selling point is the main reason free speech proponents like Dorsey have so vocally supported the protocol. Story continues Cats out of the bag 🐈 — Damus⚡️ (@damusapp) February 2, 2023 Dorsey has long advocated for the proliferation of censorship-resistant social media platforms. While acting as Twitter’s CEO in 2019, Dorsey funded a small team tasked with creating a decentralized social media protocol. In September, court records revealed that Dorsey implored Elon Musk , during Musk’s acquisition of Twitter, to transition the app to an “open source protocol, funded by a foundation.” Musk has not yet heeded that advice. In late January, the world’s second richest man stirred some controversy by censoring a BBC documentary critical of Indian Prime Minister Narendra Modi at the behest of the Indian government, per a report from The Intercept . Free speech advocates decried the decision to ban the film, which questions Modi’s role in a 2002 anti-Muslim massacre in Gujarat. . @ElonMusk really shouldn't be fighting #Nostr , since it's just about the only thing that can save his business. The fate of the old platform model over the next decade is clear. (cf. Daniel 5:5) https://t.co/yIrS6bJuFn — Edward Snowden (@Snowden) January 25, 2023 “Elon Musk really shouldn’t be fighting Nostr, since it’s just about the only thing that can save his business,” whistleblower and privacy advocate Edward Snowden tweeted at the time. “The fate of the old platform model over the next decade is clear.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin seesaws and then stays below $28K; DOGE soars to its highest levels since December, while other cryptos are mixed. Insights: Will Indonesia\'s CBDC offer an alternative to Visa and Mastercard? Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,205 −1.4 ▼ 0.1% Bitcoin (BTC) $27,804 −191.6 ▼ 0.7% Ethereum (ETH) $1,810 +24.9 ▲ 1.4% S&P 500 4,124.51 +15.2 ▲ 0.4% Gold $1,999 +29.8 ▲ 1.5% Nikkei 225 28,188.15 +146.7 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Seesawing Day On a day of unverified rumors and soaring DOGE, bitcoin couldn\'t decide if it liked the air above $28,000 or below. The largest cryptocurrency by market capitalization was recently trading at about $27,680, down slightly more than a percentage point over the past 24 hours as investors did what they have done regularly for much of the past few months: make sense of disparate, sometimes unflattering but always interesting information. BTC spent Monday\'s first few hours (UTC) lingering below $28,000 before rising above the threshold through much of the midday and then tumbling again. BTC has clung tenaciously to handholds around this level since mid March despite a near banking meltdown that engulfed two crypto-friendly banks, and amid generally more favorable conditions for digital assets. "The current situation for bitcoin is pretty positive, that\'s the reality on the ground," crypto trader and author Glen Goodman told CoinDesk TV\'s "First Mover" program. Goodman noted that the "injection of new money into the economy" as a backstop by a "panicking" U.S. Federal Reserve to address the banking crisis boosted investor liquidity for certain stocks and cryptos. "People are feeling brave enough now with this new liquidity to get back into what they consider big, profitable companies like Microsoft, like Apple and likewise, in the crypto market, they\'re going for what are considered the safer cryptos, which are bitcoin and [ether]." Story continues Ether was recently trading just over $1,800, up slightly from a day earlier after seesawing above and below this level. Other major cryptos were mixed. Popular meme coin DOGE was an exception to the more modest price shifts as it rose more than 35% to top 10 cents for the first time since December after Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog logo (DOGE was recently up 25%). Musk has been an outspoken DOGE advocate, suggesting the meme coin may offer better payments functionality than bitcoin. Meanwhile, crypto markets were mulling an unverified rumor that an Interpol Red Notice had been issued for the Binance cryptocurrency exchange\'s founder and CEO, Changpeng “CZ” Zhao. “A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” according to the Interpol website . Neither Binance nor Interpol responded to a CoinDesk request for comment, although The Block reported the exchange had denied the rumor in an email to the publication. Binance\'s BNB token was recently down 0.3%. The CoinDesk Market Index , a measure of crypto markets overall performance, fell 0.6%. U.S. equity indexes were mixed, with the tech-heavy Nasdaq inching down but the S&P 500 and Dow Jones Industrial Average (DJIA) rising – all by a few fractions of a percentage point. In early trading in Asian markets, the Hang Seng fell 0.6% but the Nikkei was up 0.3%. In a separate interview with CoinDesk TV\'s "First Mover" program, Coinbase Head of Institutional Research David Duong noted that OPEC\'s unexpected decision to cut oil production could send inflation higher again, spurring investor interest in bitcoin because of the crypto\'s ability to hold value. "What we\'ve seen from OPEC definitely increases the chances that inflation could actually somewhat spark higher and therefore presents a macro opportunity for bitcoin as well," Duong said. "We\'ve already seen to some extent that bitcoin has been acting as an alternative to the traditional financial system, given what happened with SVB [Silicon Valley Bank] and the turmoil in the banking system." Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +25.7% Currency Shiba Inu SHIB +5.8% Currency Polkadot DOT +3.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −5.9% Currency Decentraland MANA −1.7% Entertainment Avalanche AVAX −0.6% Smart Contract Platform Insights Is Indonesia\'s CBDC Ready for a More Prominent Role? American credit card companies have significant control over the world’s commerce pipelines. Indonesia, with tourism playing a significant role in the economy, wants to change that. Earlier this month, the country’s president, Joko Widodo, better known as Jokowi ( many Indonesians only have one name ), said he wants the country to lessen its reliance on Visa and Mastercard in the name of national security. Indonesia is one of the few countries that declined to sanction Russia for its invasion of Ukraine. Between arms and oil sales , Jokowi has faced difficult choices in navigating relationships with both Russia and the United States, particularly as he must address the need to buy more oil to offset a staggering jump in energy costs as well as an American desire to ally countries in the region together to contain China. Tourist hotspot Bali, a favorite destination for Russian winter tourists, is feeling the economic pinch of the war despite being tens of thousands of kilometers away from the conflict zone. “Many Russian tourists who were visiting Bali could not pay for hotels and had to be kicked out of hotels because their credit cards could not be used," Erwin Haryono, executive director of communications at Bank Indonesia, said to CNBC Indonesia in March. Sanctions that Indonesia isn’t a party to prevent Visa and Mastercard from helping settle payments between Russian banks and Indonesian hotels, although the transaction wasn’t in U.S. dollars. “We have to remember the sanctions from the U.S. to Russia, Visa and Mastercard could be a problem," Jokowi said at the opening of the Business Matching of Domestic Products, as cited by CNN Indonesia. Financial sovereignty In response, the government has highlighted some domestic alternatives to being completely reliant on foreign payment rails. Jokowi wants Indonesia to be able to issue financial services such as credit cards independently, and has encouraged local and central governments to promote the use of the Domestic Government Credit Card (Kartu Kredit Pemerintah Domestik) and international Quick Response Code Indonesian Standard (QRIS). The Domestic Government Credit Card and the International Standard of Indonesian Quick Response Code system were developed by Bank Indonesia under the coordination of Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan. These Domestic Government Credit Card and Indonesian QR code systems are just payment rails, which could process a CBDC like the digital rupiah just as easily as any other fiat-issued currency. Mir knocked out of orbit Indonesia isn’t the first country to try to claim some financial sovereignty from Visa and Mastercard’s payment rails. Russia, at the center of U.S. sanctions, has tried to market its homegrown credit card competitor, Mir (named after the space station), as an alternative to Visa and Mastercard. But as Bloomberg reported last year, even countries that are friendly to Moscow are wary about allowing their banks to process and settle transactions from the card because of the threat of retaliatory sanctions from the U.S. Turkey, another popular tourist destination for Russians, but also a NATO member, stopped accepting the card in the middle of 2022. Vietnam, which is seeking to upgrade its relations with the U.S. to counter an aggressive China, had its banks abandon relationships with Mir. Thailand is also out. Mir is still used in Belarus, Cuba, Egypt, Kazakhstan, Kyrgyzstan, Tajikistan, Venezuela, and perhaps Iran. Indonesia\'s ambassador to Moscow said in January that it was still “considering” the question. Mir’s failure might give Indonesia a chance to promote its payment networks around ASEAN. Governments and central banks globally, even in countries neutral on the Ukraine war, were no doubt nervous about aligning with Russia – but Indonesia doesn’t have that political baggage. Important events Chainalysis Links Conference 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Reserve Bank of Australia interest rate decision and statement 5 p.m. HKT/SGT(9 a.m. UTC): Eurostat producer price index (Feb/MoM/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Testing the $30K Mark; Coinbase Says U.S. Banking System Turmoil Spurs Bitcoin Outperformance Bitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. "First Mover" dove into markets with "The Crypto Trader" author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular outperforming, according to Coinbase. Coinbase Institutional Head of Research David Duong weighed in. Polygon co-founder Sandeep Nailwal and Policy 4.0 CEO and founder Tanvi Ratna also joined the conversation. Headlines Bitcoin, BNB Drop on Unverified Rumor Binance\'s CEO Faces Interpol Red Notice: Binance and its CEO were sued last week by the U.S. Commodity Futures Trading Commission over “willful evasion” of U.S. laws. Crypto Startup Li.Fi Raises $17.5M in Funding Round: CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator. Dogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token\'s Dog: In the past Twitter CEO Elon Musk has shown himself to be a fan of the meme coin. Sen. Warren’s ‘Anti-Crypto Army’ Is Just the Beginning of Crypto’s Politicization: As the 2024 U.S. election cycle approaches, don’t be surprised to hear politicians discussing bitcoin, crypto and CBDCs. Huobi and Gala Games to Give $50M to Victims of pGala Scheme: The firms will compensate the scheme’s victims while fighting for millions in damages from the cross-chain bridge that covered up the token-printing scheme.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin seesaws and then stays below $28K; DOGE soars to its highest levels since December, while other cryptos are mixed.\nInsights:Will Indonesia\'s CBDC offer an alternative to Visa and Mastercard?\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,205\n−1.4▼0.1%\nBitcoin (BTC)\n$27,804\n−191.6▼0.7%\nEthereum (ETH)\n$1,810\n+24.9▲1.4%\nS&P 500\n4,124.51\n+15.2▲0.4%\nGold\n$1,999\n+29.8▲1.5%\nNikkei 225\n28,188.15\n+146.7▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Seesawing Day\nOn a day of unverified rumors and soaring DOGE, bitcoin couldn\'t decide if it liked the air above $28,000 or below.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,680, down slightly more than a percentage point over the past 24 hours as investors did what they have done regularly for much of the past few months: make sense of disparate, sometimes unflattering but always interesting information. BTC spent Monday\'s first few hours (UTC) lingering below $28,000 before rising above the threshold through much of the midday and then tumbling again.\nBTC has clung tenaciously to handholds around this level since mid March despite a near banking meltdown that engulfed two crypto-friendly banks, and amid generally more favorable conditions for digital assets. "The current situation for bitcoin is pretty positive, that\'s the reality on the ground," crypto trader and author Glen Goodman told CoinDesk TV\'s "First Mover" program.\nGoodman noted that the "injection of new money into the economy" as a backstop by a "panicking" U.S. Federal Reserve to address the banking crisis boosted investor liquidity for certain stocks and cryptos. "People are feeling brave enough now with this new liquidity to get back into what they consider big, profitable companies like Microsoft, like Apple and likewise, in the crypto market, they\'re going for what are considered the safer cryptos, which are bitcoin and [ether]."\nEther was recently trading just over $1,800, up slightly from a day earlier after seesawing above and below this level. Other major cryptos were mixed. Popular meme coin DOGE was an exception to the more modest price shifts asit rose more than 35%to top 10 cents for the first time since December after Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog logo (DOGE was recently up 25%). Musk has been an outspoken DOGE advocate, suggesting the meme coin may offer better payments functionality than bitcoin.\nMeanwhile, crypto markets were mulling an unverified rumor that anInterpol Red Noticehad been issued for the Binance cryptocurrency exchange\'s founder and CEO, Changpeng “CZ” Zhao. “A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” according to theInterpol website. Neither Binance nor Interpol responded to a CoinDesk request for comment, although The Block reported the exchangehad denied the rumorin an email to the publication. Binance\'s BNB token was recently down 0.3%.\nTheCoinDesk Market Index, a measure of crypto markets overall performance, fell 0.6%.\nU.S. equity indexes were mixed, with the tech-heavy Nasdaq inching down but the S&P 500 and Dow Jones Industrial Average (DJIA) rising – all by a few fractions of a percentage point. In early trading in Asian markets, the Hang Seng fell 0.6% but the Nikkei was up 0.3%.\nIn a separate interview with CoinDesk TV\'s "First Mover" program, Coinbase Head of Institutional Research David Duong noted that OPEC\'s unexpected decision to cut oil production could send inflation higher again, spurring investor interest in bitcoin because of the crypto\'s ability to hold value.\n"What we\'ve seen from OPEC definitely increases the chances that inflation could actually somewhat spark higher and therefore presents a macro opportunity for bitcoin as well," Duong said. "We\'ve already seen to some extent that bitcoin has been acting as an alternative to the traditional financial system, given what happened with SVB [Silicon Valley Bank] and the turmoil in the banking system."\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+25.7%", "DACS Sector": "Currency"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+5.8%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22125.9%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nIs Indonesia\'s CBDC Ready for a More Prominent Role?\nAmerican credit card companies have significant control over the world’s commerce pipelines. Indonesia, with tourism playing a significant role in the economy, wants to change that.\nEarlier this month, the country’s president, Joko Widodo, better known as Jokowi (many Indonesians only have one name), said he wants the country to lessen its reliance on Visa and Mastercard in the name of national security.\nIndonesia isone of the few countriesthatdeclined to sanction Russiafor its invasion of Ukraine. Betweenarmsandoil sales, Jokowi has faced difficult choices in navigating relationships with both Russia and the United States, particularly as he must address the need to buy more oil to offset a staggering jump in energy costs as well as an American desire to ally countries in the region together to contain China.\nTourist hotspot Bali, a favorite destination for Russian winter tourists, is feeling the economic pinch of the war despite being tens of thousands of kilometers away from the conflict zone.\n“Many Russian tourists who were visiting Bali could not pay for hotels and had to be kicked out of hotels because their credit cards could not be used," Erwin Haryono, executive director of communications at Bank Indonesia, said toCNBC Indonesiain March.\nSanctions that Indonesia isn’t a party to prevent Visa and Mastercard from helping settle payments between Russian banks and Indonesian hotels, although the transaction wasn’t in U.S. dollars.\n“We have to remember the sanctions from the U.S. to Russia, Visa and Mastercard could be a problem," Jokowi said at the opening of the Business Matching of Domestic Products, as cited byCNN Indonesia.\nFinancial sovereignty\nIn response, the government has highlighted some domestic alternatives to being completely reliant on foreign payment rails.\nJokowi wants Indonesia to be able to issue financial services such as credit cards independently, and has encouraged local and central governments to promote the use of the Domestic Government Credit Card (Kartu Kredit Pemerintah Domestik) and international Quick Response Code Indonesian Standard (QRIS).\nThe Domestic Government Credit Card and the International Standard of Indonesian Quick Response Code system were developed by Bank Indonesia under the coordination of Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan.\nThese Domestic Government Credit Card and Indonesian QR code systems are just payment rails, which could process a CBDC like the digital rupiah just as easily as any other fiat-issued currency.\nMir knocked out of orbit\nIndonesia isn’t the first country to try to claim some financial sovereignty from Visa and Mastercard’s payment rails.\nRussia, at the center of U.S. sanctions, has tried to market its homegrown credit card competitor, Mir (named after the space station), as an alternative to Visa and Mastercard.\nBut as Bloomberg reported last year, evencountries that are friendly to Moscoware wary about allowing their banks to process and settle transactions from the card because of the threat of retaliatory sanctions from the U.S.\nTurkey, another popular tourist destination for Russians, but also a NATO member, stopped accepting the card in the middle of 2022. Vietnam, which isseeking to upgrade its relations with the U.S.to counter an aggressive China, had its banks abandon relationships with Mir. Thailand is also out.\nMir is still used in Belarus, Cuba, Egypt, Kazakhstan, Kyrgyzstan, Tajikistan, Venezuela, and perhaps Iran.\nIndonesia\'s ambassador to Moscow said in January that it was still “considering” the question.\nMir’s failure might give Indonesia a chance to promote its payment networks around ASEAN. Governments and central banks globally, even in countries neutral on the Ukraine war, were no doubt nervous about aligning with Russia – but Indonesia doesn’t have that political baggage.\nChainalysis Links Conference\n12:30 p.m. HKT/SGT(4:30 a.m. UTC):Reserve Bank of Australia interest rate decision and statement\n5 p.m. HKT/SGT(9 a.m. UTC):Eurostat producer price index (Feb/MoM/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Testing the $30K Mark; Coinbase Says U.S. Banking System Turmoil Spurs Bitcoin Outperformance\nBitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. "First Mover" dove into markets with "The Crypto Trader" author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular outperforming, according to Coinbase. Coinbase Institutional Head of Research David Duong weighed in. Polygon co-founder Sandeep Nailwal and Policy 4.0 CEO and founder Tanvi Ratna also joined the conversation.\nBitcoin, BNB Drop on Unverified Rumor Binance\'s CEO Faces Interpol Red Notice:Binance and its CEO were sued last week by the U.S. Commodity Futures Trading Commission over “willful evasion” of U.S. laws.\nCrypto Startup Li.Fi Raises $17.5M in Funding Round:CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator.\nDogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token\'s Dog:In the past Twitter CEO Elon Musk has shown himself to be a fan of the meme coin.\nSen. Warren’s ‘Anti-Crypto Army’ Is Just the Beginning of Crypto’s Politicization:As the 2024 U.S. election cycle approaches, don’t be surprised to hear politicians discussing bitcoin, crypto and CBDCs.\nHuobi and Gala Games to Give $50M to Victims of pGala Scheme:The firms will compensate the scheme’s victims while fighting for millions in damages from the cross-chain bridge that covered up the token-printing scheme.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin seesaws and then stays below $28K; DOGE soars to its highest levels since December, while other cryptos are mixed.\nInsights:Will Indonesia\'s CBDC offer an alternative to Visa and Mastercard?\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,205\n−1.4▼0.1%\nBitcoin (BTC)\n$27,804\n−191.6▼0.7%\nEthereum (ETH)\n$1,810\n+24.9▲1.4%\nS&P 500\n4,124.51\n+15.2▲0.4%\nGold\n$1,999\n+29.8▲1.5%\nNikkei 225\n28,188.15\n+146.7▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin\'s Seesawing Day\nOn a day of unverified rumors and soaring DOGE, bitcoin couldn\'t decide if it liked the air above $28,000 or below.\nThe largest cryptocurrency by market capitalization was recently trading at about $27,680, down slightly more than a percentage point over the past 24 hours as investors did what they have done regularly for much of the past few months: make sense of disparate, sometimes unflattering but always interesting information. BTC spent Monday\'s first few hours (UTC) lingering below $28,000 before rising above the threshold through much of the midday and then tumbling again.\nBTC has clung tenaciously to handholds around this level since mid March despite a near banking meltdown that engulfed two crypto-friendly banks, and amid generally more favorable conditions for digital assets. "The current situation for bitcoin is pretty positive, that\'s the reality on the ground," crypto trader and author Glen Goodman told CoinDesk TV\'s "First Mover" program.\nGoodman noted that the "injection of new money into the economy" as a backstop by a "panicking" U.S. Federal Reserve to address the banking crisis boosted investor liquidity for certain stocks and cryptos. "People are feeling brave enough now with this new liquidity to get back into what they consider big, profitable companies like Microsoft, like Apple and likewise, in the crypto market, they\'re going for what are considered the safer cryptos, which are bitcoin and [ether]."\nEther was recently trading just over $1,800, up slightly from a day earlier after seesawing above and below this level. Other major cryptos were mixed. Popular meme coin DOGE was an exception to the more modest price shifts asit rose more than 35%to top 10 cents for the first time since December after Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog logo (DOGE was recently up 25%). Musk has been an outspoken DOGE advocate, suggesting the meme coin may offer better payments functionality than bitcoin.\nMeanwhile, crypto markets were mulling an unverified rumor that anInterpol Red Noticehad been issued for the Binance cryptocurrency exchange\'s founder and CEO, Changpeng “CZ” Zhao. “A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” according to theInterpol website. Neither Binance nor Interpol responded to a CoinDesk request for comment, although The Block reported the exchangehad denied the rumorin an email to the publication. Binance\'s BNB token was recently down 0.3%.\nTheCoinDesk Market Index, a measure of crypto markets overall performance, fell 0.6%.\nU.S. equity indexes were mixed, with the tech-heavy Nasdaq inching down but the S&P 500 and Dow Jones Industrial Average (DJIA) rising – all by a few fractions of a percentage point. In early trading in Asian markets, the Hang Seng fell 0.6% but the Nikkei was up 0.3%.\nIn a separate interview with CoinDesk TV\'s "First Mover" program, Coinbase Head of Institutional Research David Duong noted that OPEC\'s unexpected decision to cut oil production could send inflation higher again, spurring investor interest in bitcoin because of the crypto\'s ability to hold value.\n"What we\'ve seen from OPEC definitely increases the chances that inflation could actually somewhat spark higher and therefore presents a macro opportunity for bitcoin as well," Duong said. "We\'ve already seen to some extent that bitcoin has been acting as an alternative to the traditional financial system, given what happened with SVB [Silicon Valley Bank] and the turmoil in the banking system."\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+25.7%", "DACS Sector": "Currency"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+5.8%", "DACS Sector": "Currency"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "+3.0%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22125.9%", "DACS Sector": "Currency"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22121.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nIs Indonesia\'s CBDC Ready for a More Prominent Role?\nAmerican credit card companies have significant control over the world’s commerce pipelines. Indonesia, with tourism playing a significant role in the economy, wants to change that.\nEarlier this month, the country’s president, Joko Widodo, better known as Jokowi (many Indonesians only have one name), said he wants the country to lessen its reliance on Visa and Mastercard in the name of national security.\nIndonesia isone of the few countriesthatdeclined to sanction Russiafor its invasion of Ukraine. Betweenarmsandoil sales, Jokowi has faced difficult choices in navigating relationships with both Russia and the United States, particularly as he must address the need to buy more oil to offset a staggering jump in energy costs as well as an American desire to ally countries in the region together to contain China.\nTourist hotspot Bali, a favorite destination for Russian winter tourists, is feeling the economic pinch of the war despite being tens of thousands of kilometers away from the conflict zone.\n“Many Russian tourists who were visiting Bali could not pay for hotels and had to be kicked out of hotels because their credit cards could not be used," Erwin Haryono, executive director of communications at Bank Indonesia, said toCNBC Indonesiain March.\nSanctions that Indonesia isn’t a party to prevent Visa and Mastercard from helping settle payments between Russian banks and Indonesian hotels, although the transaction wasn’t in U.S. dollars.\n“We have to remember the sanctions from the U.S. to Russia, Visa and Mastercard could be a problem," Jokowi said at the opening of the Business Matching of Domestic Products, as cited byCNN Indonesia.\nFinancial sovereignty\nIn response, the government has highlighted some domestic alternatives to being completely reliant on foreign payment rails.\nJokowi wants Indonesia to be able to issue financial services such as credit cards independently, and has encouraged local and central governments to promote the use of the Domestic Government Credit Card (Kartu Kredit Pemerintah Domestik) and international Quick Response Code Indonesian Standard (QRIS).\nThe Domestic Government Credit Card and the International Standard of Indonesian Quick Response Code system were developed by Bank Indonesia under the coordination of Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan.\nThese Domestic Government Credit Card and Indonesian QR code systems are just payment rails, which could process a CBDC like the digital rupiah just as easily as any other fiat-issued currency.\nMir knocked out of orbit\nIndonesia isn’t the first country to try to claim some financial sovereignty from Visa and Mastercard’s payment rails.\nRussia, at the center of U.S. sanctions, has tried to market its homegrown credit card competitor, Mir (named after the space station), as an alternative to Visa and Mastercard.\nBut as Bloomberg reported last year, evencountries that are friendly to Moscoware wary about allowing their banks to process and settle transactions from the card because of the threat of retaliatory sanctions from the U.S.\nTurkey, another popular tourist destination for Russians, but also a NATO member, stopped accepting the card in the middle of 2022. Vietnam, which isseeking to upgrade its relations with the U.S.to counter an aggressive China, had its banks abandon relationships with Mir. Thailand is also out.\nMir is still used in Belarus, Cuba, Egypt, Kazakhstan, Kyrgyzstan, Tajikistan, Venezuela, and perhaps Iran.\nIndonesia\'s ambassador to Moscow said in January that it was still “considering” the question.\nMir’s failure might give Indonesia a chance to promote its payment networks around ASEAN. Governments and central banks globally, even in countries neutral on the Ukraine war, were no doubt nervous about aligning with Russia – but Indonesia doesn’t have that political baggage.\nChainalysis Links Conference\n12:30 p.m. HKT/SGT(4:30 a.m. UTC):Reserve Bank of Australia interest rate decision and statement\n5 p.m. HKT/SGT(9 a.m. UTC):Eurostat producer price index (Feb/MoM/YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Testing the $30K Mark; Coinbase Says U.S. Banking System Turmoil Spurs Bitcoin Outperformance\nBitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. "First Mover" dove into markets with "The Crypto Trader" author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular outperforming, according to Coinbase. Coinbase Institutional Head of Research David Duong weighed in. Polygon co-founder Sandeep Nailwal and Policy 4.0 CEO and founder Tanvi Ratna also joined the conversation.\nBitcoin, BNB Drop on Unverified Rumor Binance\'s CEO Faces Interpol Red Notice:Binance and its CEO were sued last week by the U.S. Commodity Futures Trading Commission over “willful evasion” of U.S. laws.\nCrypto Startup Li.Fi Raises $17.5M in Funding Round:CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator.\nDogecoin Soars After Twitter Replaces Its Blue Bird Logo With the Token\'s Dog:In the past Twitter CEO Elon Musk has shown himself to be a fan of the meme coin.\nSen. Warren’s ‘Anti-Crypto Army’ Is Just the Beginning of Crypto’s Politicization:As the 2024 U.S. election cycle approaches, don’t be surprised to hear politicians discussing bitcoin, crypto and CBDCs.\nHuobi and Gala Games to Give $50M to Victims of pGala Scheme:The firms will compensate the scheme’s victims while fighting for millions in damages from the cross-chain bridge that covered up the token-printing scheme.', 'TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Immutable Holdings Inc. (NEO: HOLD; OTCQB: IHLDF) (“Immutable Holdings” or the “Company”), a publicly-traded blockchain holding company, is pleased to announce its audited financial results for the year ended December 31, 2022. The financial and all other annual reports were filed and made available publicly available as of March 31, 2023.\nAccess to Quarterly Financial Statements and Management Discussion and Analysis:\nComplete audited statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval (“SEDAR’), the electronic filing system for the disclosure documents of issuers across Canada atwww.sedar.com.\nAbout Immutable Holdings Inc.\nImmutable Holdings is a collection of businesses within the digital assets ecosystem on a mission to build businesses and products that increase the awareness, access, and adoption of digital assets. Founded by Jordan Fried, a founding team member of multibillion dollar Hedera Hashgraph network, Immutable Holdings already boasts tens of millions under management and a portfolio of businesses and brands built on the blockchain ecosystem, including NFT.com, Coffee and Crypto, Immutable Asset Management, and 1-800-Bitcoin. For further information regarding Immutable Holdings, visithttps://immutableholdings.com/and see the Company’s disclosure documents on SEDAR atwww.sedar.com.\nFor media inquiries and further information, contact:\nBilly Baxter, Head of Corporate Development & Operations\nEmail:[email protected]\nCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:\nThis news release contains certain statements which constitute forward-looking statements or information under applicable securities laws. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include, without limitation, changes to applicable laws or the regulatory sphere in which the Company operates, general economic and capital markets conditions, stock market volatility and the other risks disclosed in the Company’s annual information form dated March 31, 2023 and other disclosure documents available on the Company’s profile at www.sedar.com. The foregoing is not an exhaustive list of factors that may affect the Company’s forward-looking statements. Other risks and uncertainties not presently known to the Company and/or not specifically referenced herein could also cause actual results or events to differ materially from those expressed in its forward-looking statements.\nAlthough the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.', 'Immutable Holdings Inc. TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Immutable Holdings Inc. (NEO: HOLD; OTCQB: IHLDF) (“ Immutable Holdings ” or the “ Company ”), a publicly-traded blockchain holding company, is pleased to announce its audited financial results for the year ended December 31, 2022. The financial and all other annual reports were filed and made available publicly available as of March 31, 2023. Access to Quarterly Financial Statements and Management Discussion and Analysis: Complete audited statements along with related management discussion and analysis can be found in the System for Electronic Document Analysis and Retrieval (“SEDAR’), the electronic filing system for the disclosure documents of issuers across Canada at www.sedar.com. About Immutable Holdings Inc. Immutable Holdings is a collection of businesses within the digital assets ecosystem on a mission to build businesses and products that increase the awareness, access, and adoption of digital assets. Founded by Jordan Fried, a founding team member of multibillion dollar Hedera Hashgraph network, Immutable Holdings already boasts tens of millions under management and a portfolio of businesses and brands built on the blockchain ecosystem, including NFT.com, Coffee and Crypto, Immutable Asset Management, and 1-800-Bitcoin. For further information regarding Immutable Holdings, visit https://immutableholdings.com/ and see the Company’s disclosure documents on SEDAR at www.sedar.com. For media inquiries and further information, contact: Billy Baxter, Head of Corporate Development & Operations Email: [email protected] CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains certain statements which constitute forward-looking statements or information under applicable securities laws. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include, without limitation, changes to applicable laws or the regulatory sphere in which the Company operates, general economic and capital markets conditions, stock market volatility and the other risks disclosed in the Company’s annual information form dated March 31, 2023 and other disclosure documents available on the Company’s profile at www.sedar.com. The foregoing is not an exhaustive list of factors that may affect the Company’s forward-looking statements. Other risks and uncertainties not presently known to the Company and/or not specifically referenced herein could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Story continues Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.', 'Bitcoin dipped below the US$28,000 mark in mixed Tuesday morning trading in Asia, while Ether rose. Both tokens are still holding gains for the past seven days. Dogecoin surged almost 20% in the past 24 hours after Twitter Chief Executive Officer Elon Musk, a long-time fan of the meme token, switched the Twitter icon to the Dogecoin image. U.S. equities traded mixed on Monday as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) unexpectedly cut oil production, while a U.S. manufacturing slowdown resurfaced concerns about a possible recession in the world\x92s biggest economy. See related article: Bittrex crypto exchange shutters US operations due to regulatory uncertainty Fast facts Bitcoin dipped 1.20% to US$27,771 in the 24 hours to 9:00 a.m. in Hong Kong, but is still up 3% for the week, according to CoinMarketCap data . Investors may have been taking profits after the gains in the world\x92s biggest cryptocurrency in recent weeks. Ethereum gained 0.84% to US$1,805 and traded up 5.79% for the week. Dogecoin led the winners, surging 18.51% to US$0.09331 for a weekly jump of 28.38%. This followed Elon Musk\x92s move on Monday to change the blue bird icon on Twitter to a Japanese Shiba Inu, the same dog image used by the meme coin. Musk also filed in court to dismiss a US$258 billion lawsuit where Dogecoin investors charged him with price manipulation, according to a Reuters report on Saturday. XRP led the losers, dropping 5.44% to US$0.4906, though it\x92s still up 3.26% for the week and has gained 40% since the start of the year on speculation the lawsuit filed by the U.S. Securities and Exchange Commision against Ripple Labs \x96 whose crypto payment platform is powered by XRP \x96 may resolve in a favorable ruling for Ripple. The total crypto market capitalization dipped 0.27% in the past 24 hours to US$1.17 trillion. Total trading volume over the last 24 hours rose 55.83% to US$49.45 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.85% to 4,029.09 in the 24 hours to 09:00 a.m. in Hong Kong, but added 0.21% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam . NFT prices dipped as investors realized \x93the pump the markets got from blur farming is over, and the projects are now going to discover their true floors,\x94 CryptoSlam NFT strategist Yehudah Petscher told Forkast.News on Tuesday. However, NFT sales are bouncing back in some markets. Sandbox, an ethereum-based metaverse game and NFT marketplace, logged over US$1 billion of NFT sales in the past month, according to Sandbox Chief Operating Officer and Co-Founder Sebastien Borget. \x93We have really not seen winter at all \x85 So overall, the ecosystem is growing,\x94 Borget said in an interview with Forkast.News on Monday. U.S. equities closed mixed on Monday. The Dow Jones Industrial Average moved up 0.98%, the S&P 500 gained 0.37%, and the Nasdaq Composite Index dipped 0.27%. The OPEC+ cut in crude oil output announced on Sunday could raise the price of oil to US$100 dollars a barrel from around the current US$80, Reuters reported on Tuesday, adding to inflation concerns in some major economies. The U.S. manufacturing purchasing managers\x92 index in March came in at 46.3%, down from 47.7% in February and a fourth straight month of contraction, according to the Institute for Supply Management on Monday. The data put the focus back on a possible recession in the U.S., according to a Reuters report on Tuesday. The slowdown in U.S. manufacturing is the latest indicator that the Federal Reserve\x92s nine interest rate hikes since March 2022 to curb inflation is putting the brakes on the broader economy. U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group are mixed on the next move on interest rates at the Fed meeting on May 3. About 45% of the analysts predict no change, while 54.8% expect a 25 basis-point rise, up from 49.6% on Monday. U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.01%, S&P 500 futures moved 0.07% lower and the Nasdaq Composite Index dipped 0.18%. U.S. economic data coming out this week includes the services Purchasing Managers Index for February. See related article: Japan\x92s FSA steps up crypto regulation with warnings to Bybit, other exchanges', 'Bitcoin dipped below the US$28,000 mark in mixed Tuesday morning trading in Asia, while Ether rose. Both tokens are still holding gains for the past seven days. Dogecoin surged almost 20% in the past 24 hours after Twitter Chief Executive Officer Elon Musk, a long-time fan of the meme token, switched the Twitter icon to the Dogecoin image. U.S. equities traded mixed on Monday as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) unexpectedly cut oil production, while a U.S. manufacturing slowdown resurfaced concerns about a possible recession in the world’s biggest economy.\nSee related article:Bittrex crypto exchange shutters US operations due to regulatory uncertainty\n• Bitcoin dipped 1.20% to US$27,771 in the 24 hours to 9:00 a.m. in Hong Kong, but is still up 3% for the week, according toCoinMarketCap data. Investors may have been taking profits after the gains in the world’s biggest cryptocurrency in recent weeks.\n• Ethereum gained 0.84% to US$1,805 and traded up 5.79% for the week.\n• Dogecoin led the winners, surging 18.51% to US$0.09331 for a weekly jump of 28.38%. This followedElon Musk’s moveon Monday to change the blue bird icon on Twitter to a Japanese Shiba Inu, the same dog image used by the meme coin. Musk also filed in court to dismiss aUS$258 billion lawsuitwhere Dogecoin investors charged him with price manipulation, according to aReuters reporton Saturday.\n• XRP led the losers, dropping 5.44% to US$0.4906, though it’s still up 3.26% for the week and has gained 40% since the start of the year on speculation thelawsuitfiled by the U.S. Securities and Exchange Commision against Ripple Labs – whose crypto payment platform is powered by XRP – may resolve in a favorable ruling for Ripple.\n• The total crypto market capitalization dipped 0.27% in the past 24 hours to US$1.17 trillion. Total trading volume over the last 24 hours rose 55.83% to US$49.45 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index dropped 0.85% to 4,029.09 in the 24 hours to 09:00 a.m. in Hong Kong, but added 0.21% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byForkast Labsdata branch,CryptoSlam.\n• NFT prices dipped as investors realized “the pump the markets got from blur farming is over, and the projects are now going to discover their true floors,” CryptoSlam NFT strategist Yehudah Petscher toldForkast.Newson Tuesday.\n• However, NFT sales are bouncing back in some markets. Sandbox, an ethereum-based metaverse game and NFT marketplace, logged over US$1 billion of NFT sales in the past month, according to Sandbox Chief Operating Officer and Co-Founder Sebastien Borget. “We have really not seen winter at all … So overall, the ecosystem is growing,” Borget said in an interview withForkast.Newson Monday.\n• U.S. equities closed mixed on Monday. The Dow Jones Industrial Average moved up 0.98%, the S&P 500 gained 0.37%, and the Nasdaq Composite Index dipped 0.27%.\n• The OPEC+ cut in crude oil output announced on Sunday could raise the price of oil to US$100 dollars a barrel from around the current US$80,Reutersreported on Tuesday, adding to inflation concerns in some major economies.\n• The U.S. manufacturing purchasing managers’ index in March came in at 46.3%, down from 47.7% in February and a fourth straight month of contraction, according to theInstitute for Supply Managementon Monday. The data put the focus back on a possible recession in the U.S., according to a Reutersreporton Tuesday.\n• The slowdown in U.S. manufacturing is the latest indicator that the Federal Reserve’s nine interest rate hikes since March 2022 to curb inflation is putting the brakes on the broader economy.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupare mixed on the next move on interest rates at the Fed meeting on May 3. About 45% of the analysts predict no change, while 54.8% expect a 25 basis-point rise, up from 49.6% on Monday.\n• U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures edged down 0.01%, S&P 500 futures moved 0.07% lower and the Nasdaq Composite Index dipped 0.18%. U.S. economic data coming out this week includes the services Purchasing Managers Index for February.\nSee related article:Japan’s FSA steps up crypto regulation with warnings to Bybit, other exchanges', 'Bitcoin dipped below the US$28,000 mark in mixed Tuesday morning trading in Asia, while Ether rose. Both tokens are still holding gains for the past seven days. Dogecoin surged almost 20% in the past 24 hours after Twitter Chief Executive Officer Elon Musk, a long-time fan of the meme token, switched the Twitter icon to the Dogecoin image. U.S. equities traded mixed on Monday as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) unexpectedly cut oil production, while a U.S. manufacturing slowdown resurfaced concerns about a possible recession in the world’s biggest economy.\nSee related article:Bittrex crypto exchange shutters US operations due to regulatory uncertainty\n• Bitcoin dipped 1.20% to US$27,771 in the 24 hours to 9:00 a.m. in Hong Kong, but is still up 3% for the week, according toCoinMarketCap data. Investors may have been taking profits after the gains in the world’s biggest cryptocurrency in recent weeks.\n• Ethereum gained 0.84% to US$1,805 and traded up 5.7
**Last 60 Days of Bitcoin's Closing Prices:**
[23449.32, 23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-04
**Financial & Commodity Data:**
- Gold Closing Price: $2022.20
- Crude Oil Closing Price: $80.71
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $546,092,333,862
- Hash Rate: 377232885.4931189
- Transaction Count: 421130.0
- Unique Addresses: 809319.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Kevin Buckland
TOKYO, March 29 (Reuters) - The safe-haven U.S. dollar struggled to find its footing on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted.
The dollar index, which tracks the currency against six major peers, edged 0.08% higher to 102.57 in Asian trading, following drops of about 0.3% in each of the past two sessions. The weakness comes despite a rise in U.S. Treasury yields, also the result of ebbing demand for the safest assets.
The yen remained volatile in the run-up to the end of the Japanese fiscal year on Friday. The dollar jumped 0.59% to 131.68 yen, and touched a one-week high of 131.80.
The yen had dropped 0.5% the previous day, when it uncharacteristically moved in the opposite direction with long-term U.S. Treasury yields.
The 10-year benchmark U.S. yield pushed as much as 1.5 basis points higher to a fresh one-week peak at 3.583% in Tokyo trading, but was last little changed at 3.5677%. Last Friday, the yield had dropped to a six-month low of 3.285%.
"U.S. bond volatility has driven most of the volatility in dollar-yen, so it makes sense that we're closer to 130 than 140 because U.S. yields are that much lower," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank.
Regarding Tuesday yen's rally, "it's not following the rules as one might expect, which maybe says that coming into fiscal year-end, must-do flows are having a disproportionate effect," Attrill added.
Elsewhere, the Australian dollar slipped 0.16% to $0.6698 after a reading of Australian consumer inflation slowed to an eight-month low, adding to the case for the Reserve Bank to pause its rate hiking campaign next week. Futures now imply only a 5% chance of a rate rise, compared to 15% before the data.
The U.S. currency has lost ground as investors took solace in First Citizens BancShares' agreement to buy all of failed lender Silicon Valley Bank's deposits and loans, as well as overnight comments by Michael Barr, the Federal Reserve's vice chairman for supervision, that SVB's problems were due to "terrible" risk management, suggesting it could be an isolated case.
Still, traders remain very sensitive to signs of any further cracks in the banking system.
"Issues in U.S. banks will remain the dominant influence on the USD in the near term," Joseph Capurso, a strategist at Commonwealth Bank of Australia, wrote in a client note, pointing to the importance of weekly data on money market flows due later in the day, which "will likely highlight the shift of deposits out of small U.S. banks into large banks."
The euro drifted 0.1% lower to $1.0834 and sterling edged down 0.12% to $1.23265.
The risk-sensitive New Zealand dollar added 0.13% to $0.6261. Traders continue to price in a quarter point rate increase at the Reserve Bank of New Zealand's policy meeting next week.
Bitcoin rose to around $27,600, finding its feet following the problems at the world's biggest cryptocurrency exchange, Binance, which has been sued by the U.S. Commodity Futures Trading Commission (CFTC).
The token had dipped as low as $26,541 on Monday, after its retreat from a nine-month high of $29,380 last week.
(Reporting by Kevin Buckland; Editing by Shri Navaratnam and Jamie Freed)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report.\nInsights:Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward.\nCoinDesk Market Index (CMI)\n1,241\n+37.1▲3.1%\nBitcoin (BTC)\n$28,594\n+751.3▲2.7%\nEthereum (ETH)\n$1,910\n+98.6▲5.4%\nS&P 500\n4,100.60\n−23.9▼0.6%\nGold\n$2,022\n−0.2▼0.0%\nNikkei 225\n28,287.42\n+99.3▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Bitcoin Rally Past $28.5K\nDOGE was down and so were jobs. But bitcoin wasn\'t.\nThe largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.\nTrading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binancedenied the rumorin an email to The Block.)\n"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing.\nEther (ETH) spent the day outperforming BTC and was changing hands above $1,900 for the first time since August. The second-largest crypto by market value was up 5.5% from Monday, at the same time.\nOther major cryptos were largely in the green, albeit lighter shades. MATIC, the token of layer 2 platform Polygon, and SOL, the token of the Solana blockchain, recently jumped 5.2% and 3.8%, respectively. Popular meme coin DOGE dropped 0.7%. The decline came a day after it climbed dramatically as Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird logo atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog. DOGE is up 21% from the start of the week.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently up more than 3%.\nU.S. equity markets fell slightly with the tech-focused Nasdaq and S&P 500 both closing down about a half-percentage point. But gold – the traditional, safe-haven asset – soared above $2,000, reaching its highest level since last March after a U.S. Labor Department\'s Job Openings and Labor Turnover Survey (JOLTS) report showed job vacancies falling below 10 million for the first time in almost two years, and a day after another report showed durable goods orders waning. The signs of economic decline coupled with ongoing inflation concerns have created a favorable backdrop for more conservative assets that historically hold their value through good times and bad.\n"A weakening economy continues to drive safe-haven flows towards gold," Oanda\'s Moya wrote. "The JOLTS report supported the view that the economy is steadily weakening its way towards a recession."\nHe added that investors should monitor bitcoin\'s price near the end of a Good Friday-shortened working week, and the U.S. Labor Department releases nonfarm payrolls (NFP) figures. "Bitcoin has had a key price barrier at the $30,000 level and if Friday’s NFP report shocks to the downside, we could see high-frequency trading systems and algos try to take advantage of any momentum opportunities," Moya wrote.\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.7%", "DACS Sector": "Currency"}]\nJason Pagoulatos Talks Binance and Bitcoin\nEven the giant among crypto exchanges, Binance, can\'t outrun bad news, the head of markets for crypto research firm Delphi Digital told CoinDesk TV in an interview Tuesday.\nJason Pagoulatos tied Binance\'s dramatic loss of market share over the past two weeks to its recent regulatory entanglements in the U.S. and beyond.\n"I would definitely say a pretty big contributor to the decline in market share you\'ve had these rumors of Binance being in trouble with global regulators," Pagoulatos said.\nBinance remains the top exchange for trading volume, but its market share has tumbled from about 70% to 54% since the final weeks of March. To be sure, the plungehas comeas the exchangehalted its no-fee tradingpromotion for 13 bitcoin spot trading pairs. Binance witnessed its lowest bitcoin (BTC) trading volume since July 2022 on March 27.\nBut the exchange has also lost ground after the U.S. Commodity Futures Futures Trading Commissionsued the exchange and founderChangpeng Zhao, alleging they offered unregistered crypto derivatives products in the U.S. against federal law.\nOn Monday, Binance suffered another blow when a rumor surfaced that Zhao faced an international law enforcement request to detain him, referred to as anInterpol Red Notice. On Twitter, Binance Chief Strategy Officer Patrick Hillmannwrote, "One of two things is true: 1. It\'s bulls**t; 2. A law enforcement agent is illegally leaking elements of a case file." He added: "My bet is #1."\nPagoulatos saw BTC\'s dip Monday following the rumor as a flight to safety. "When people are trading bitcoins, they\'re gonna be trading on places like Binance, Coinbase, Bybit," he said. "And when there are rumors of, say, the CEO of the biggest exchange being a wanted fugitive, people are obviously going to want to withdraw their money, sell their bitcoin, get it off as fast as possible."\nBitcoin has more recently rebounded above the $28,000 level where\'s its stood for large portions of the last two weeks. Pagoulatos hedged as to its future path. "We had this significant rally off $20K all the way up to $28K," he said. "And, like, $28K to $30K is a big area of significance. It\'s kind of where bitcoin was trading before Three Arrows Capital\'s collapse last year – that huge hedge fund liquidation event – so this area\'s going to be a tough spot for bitcoin to get through."\nHe added: "What\'s going to be interesting is what path bitcoin follows from here. Is it going to trade more in line with risk assets? Or does it trade more in line with what gold does?"\n4:15 p.m. HKT/SGT(8:15 UTC)United States ADP Employment Change (March)\n6:00 p.m. HKT/SGT(10:00 UTC)United States ISM Services PMI (March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Trade Balance (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Market Share Hits Lowest Since November After CFTC Lawsuit; Kevin O\'Leary on Crypto Markets Outlook\nCanadian crypto exchanges WonderFi, Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the world\'s largest crypto trading platforms. O\'Leary Ventures Chairman Kevin O\'Leary, along with WonderFi President and Interim CEO Dean Skurka, joined "First Mover" to discuss. Plus, The Tie co-founder and CEO Joshua Frank weighed in on dogecoin jumping after Twitter replaced its blue bird logo with the token\'s dog symbol. And FTX creditor Sunil Kavuri shared his thoughts on the future of the failed crypto exchange.\nOpenSea Launches OpenSea Pro, Courting Professional NFT Traders:As part of the launch, marketplace fees will return to the main OpenSea platform at 2.5%, while Pro users will have zero fees.\nArbitrum Governance Fracas Reopens the Question, Why DAOs?:A messy governance dispute over a major Ethereum scaling system has some complaining about “decentralization theater.”\nPolkadot Registers Trademark for Blockchain Communication Platform:The trademark filing mentions social networking software.\nCrypto Protocol LayerZero Raises $120M at $3B Valuation:The valuation is triple the level of the firm\'s previous funding round in March 2022.\nBinance\'s Market Share Hits Lowest Level Since November After CFTC Lawsuit, End of Zero-Fee Trading:The exchange\'s share of trading volume has dropped to 54% from 70% over the past two weeks.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report.\nInsights:Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward.\nCoinDesk Market Index (CMI)\n1,241\n+37.1▲3.1%\nBitcoin (BTC)\n$28,594\n+751.3▲2.7%\nEthereum (ETH)\n$1,910\n+98.6▲5.4%\nS&P 500\n4,100.60\n−23.9▼0.6%\nGold\n$2,022\n−0.2▼0.0%\nNikkei 225\n28,287.42\n+99.3▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Bitcoin Rally Past $28.5K\nDOGE was down and so were jobs. But bitcoin wasn\'t.\nThe largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.\nTrading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binancedenied the rumorin an email to The Block.)\n"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing.\nEther (ETH) spent the day outperforming BTC and was changing hands above $1,900 for the first time since August. The second-largest crypto by market value was up 5.5% from Monday, at the same time.\nOther major cryptos were largely in the green, albeit lighter shades. MATIC, the token of layer 2 platform Polygon, and SOL, the token of the Solana blockchain, recently jumped 5.2% and 3.8%, respectively. Popular meme coin DOGE dropped 0.7%. The decline came a day after it climbed dramatically as Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird logo atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog. DOGE is up 21% from the start of the week.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently up more than 3%.\nU.S. equity markets fell slightly with the tech-focused Nasdaq and S&P 500 both closing down about a half-percentage point. But gold – the traditional, safe-haven asset – soared above $2,000, reaching its highest level since last March after a U.S. Labor Department\'s Job Openings and Labor Turnover Survey (JOLTS) report showed job vacancies falling below 10 million for the first time in almost two years, and a day after another report showed durable goods orders waning. The signs of economic decline coupled with ongoing inflation concerns have created a favorable backdrop for more conservative assets that historically hold their value through good times and bad.\n"A weakening economy continues to drive safe-haven flows towards gold," Oanda\'s Moya wrote. "The JOLTS report supported the view that the economy is steadily weakening its way towards a recession."\nHe added that investors should monitor bitcoin\'s price near the end of a Good Friday-shortened working week, and the U.S. Labor Department releases nonfarm payrolls (NFP) figures. "Bitcoin has had a key price barrier at the $30,000 level and if Friday’s NFP report shocks to the downside, we could see high-frequency trading systems and algos try to take advantage of any momentum opportunities," Moya wrote.\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.7%", "DACS Sector": "Currency"}]\nJason Pagoulatos Talks Binance and Bitcoin\nEven the giant among crypto exchanges, Binance, can\'t outrun bad news, the head of markets for crypto research firm Delphi Digital told CoinDesk TV in an interview Tuesday.\nJason Pagoulatos tied Binance\'s dramatic loss of market share over the past two weeks to its recent regulatory entanglements in the U.S. and beyond.\n"I would definitely say a pretty big contributor to the decline in market share you\'ve had these rumors of Binance being in trouble with global regulators," Pagoulatos said.\nBinance remains the top exchange for trading volume, but its market share has tumbled from about 70% to 54% since the final weeks of March. To be sure, the plungehas comeas the exchangehalted its no-fee tradingpromotion for 13 bitcoin spot trading pairs. Binance witnessed its lowest bitcoin (BTC) trading volume since July 2022 on March 27.\nBut the exchange has also lost ground after the U.S. Commodity Futures Futures Trading Commissionsued the exchange and founderChangpeng Zhao, alleging they offered unregistered crypto derivatives products in the U.S. against federal law.\nOn Monday, Binance suffered another blow when a rumor surfaced that Zhao faced an international law enforcement request to detain him, referred to as anInterpol Red Notice. On Twitter, Binance Chief Strategy Officer Patrick Hillmannwrote, "One of two things is true: 1. It\'s bulls**t; 2. A law enforcement agent is illegally leaking elements of a case file." He added: "My bet is #1."\nPagoulatos saw BTC\'s dip Monday following the rumor as a flight to safety. "When people are trading bitcoins, they\'re gonna be trading on places like Binance, Coinbase, Bybit," he said. "And when there are rumors of, say, the CEO of the biggest exchange being a wanted fugitive, people are obviously going to want to withdraw their money, sell their bitcoin, get it off as fast as possible."\nBitcoin has more recently rebounded above the $28,000 level where\'s its stood for large portions of the last two weeks. Pagoulatos hedged as to its future path. "We had this significant rally off $20K all the way up to $28K," he said. "And, like, $28K to $30K is a big area of significance. It\'s kind of where bitcoin was trading before Three Arrows Capital\'s collapse last year – that huge hedge fund liquidation event – so this area\'s going to be a tough spot for bitcoin to get through."\nHe added: "What\'s going to be interesting is what path bitcoin follows from here. Is it going to trade more in line with risk assets? Or does it trade more in line with what gold does?"\n4:15 p.m. HKT/SGT(8:15 UTC)United States ADP Employment Change (March)\n6:00 p.m. HKT/SGT(10:00 UTC)United States ISM Services PMI (March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Trade Balance (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Market Share Hits Lowest Since November After CFTC Lawsuit; Kevin O\'Leary on Crypto Markets Outlook\nCanadian crypto exchanges WonderFi, Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the world\'s largest crypto trading platforms. O\'Leary Ventures Chairman Kevin O\'Leary, along with WonderFi President and Interim CEO Dean Skurka, joined "First Mover" to discuss. Plus, The Tie co-founder and CEO Joshua Frank weighed in on dogecoin jumping after Twitter replaced its blue bird logo with the token\'s dog symbol. And FTX creditor Sunil Kavuri shared his thoughts on the future of the failed crypto exchange.\nOpenSea Launches OpenSea Pro, Courting Professional NFT Traders:As part of the launch, marketplace fees will return to the main OpenSea platform at 2.5%, while Pro users will have zero fees.\nArbitrum Governance Fracas Reopens the Question, Why DAOs?:A messy governance dispute over a major Ethereum scaling system has some complaining about “decentralization theater.”\nPolkadot Registers Trademark for Blockchain Communication Platform:The trademark filing mentions social networking software.\nCrypto Protocol LayerZero Raises $120M at $3B Valuation:The valuation is triple the level of the firm\'s previous funding round in March 2022.\nBinance\'s Market Share Hits Lowest Level Since November After CFTC Lawsuit, End of Zero-Fee Trading:The exchange\'s share of trading volume has dropped to 54% from 70% over the past two weeks.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report. Insights: Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward. Prices CoinDesk Market Index (CMI) 1,241 +37.1 ▲ 3.1% Bitcoin (BTC) $28,594 +751.3 ▲ 2.7% Ethereum (ETH) $1,910 +98.6 ▲ 5.4% S&P 500 4,100.60 −23.9 ▼ 0.6% Gold $2,022 −0.2 ▼ 0.0% Nikkei 225 28,287.42 +99.3 ▲ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) A Bitcoin Rally Past $28.5K DOGE was down and so were jobs. But bitcoin wasn\'t. The largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty. Trading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binance denied the rumor in an email to The Block.) "Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing. Ether (ETH) spent the day outperforming BTC and was changing hands above $1,900 for the first time since August. The second-largest crypto by market value was up 5.5% from Monday, at the same time. Other major cryptos were largely in the green, albeit lighter shades. MATIC, the token of layer 2 platform Polygon, and SOL, the token of the Solana blockchain, recently jumped 5.2% and 3.8%, respectively. Popular meme coin DOGE dropped 0.7%. The decline came a day after it climbed dramatically as Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird logo atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog. DOGE is up 21% from the start of the week. Story continues The CoinDesk Market Index , a measure of crypto markets\' overall performance, was recently up more than 3%. U.S. equity markets fell slightly with the tech-focused Nasdaq and S&P 500 both closing down about a half-percentage point. But gold – the traditional, safe-haven asset – soared above $2,000, reaching its highest level since last March after a U.S. Labor Department\'s Job Openings and Labor Turnover Survey (JOLTS) report showed job vacancies falling below 10 million for the first time in almost two years, and a day after another report showed durable goods orders waning. The signs of economic decline coupled with ongoing inflation concerns have created a favorable backdrop for more conservative assets that historically hold their value through good times and bad. "A weakening economy continues to drive safe-haven flows towards gold," Oanda\'s Moya wrote. "The JOLTS report supported the view that the economy is steadily weakening its way towards a recession." He added that investors should monitor bitcoin\'s price near the end of a Good Friday-shortened working week, and the U.S. Labor Department releases nonfarm payrolls (NFP) figures. "Bitcoin has had a key price barrier at the $30,000 level and if Friday’s NFP report shocks to the downside, we could see high-frequency trading systems and algos try to take advantage of any momentum opportunities," Moya wrote. Biggest Gainers Asset Ticker Returns DACS Sector Ethereum ETH +5.5% Smart Contract Platform Avalanche AVAX +5.3% Smart Contract Platform Polygon MATIC +5.3% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −0.7% Currency Insights Jason Pagoulatos Talks Binance and Bitcoin Even the giant among crypto exchanges, Binance, can\'t outrun bad news, the head of markets for crypto research firm Delphi Digital told CoinDesk TV in an interview Tuesday. Jason Pagoulatos tied Binance\'s dramatic loss of market share over the past two weeks to its recent regulatory entanglements in the U.S. and beyond. "I would definitely say a pretty big contributor to the decline in market share you\'ve had these rumors of Binance being in trouble with global regulators," Pagoulatos said. Binance remains the top exchange for trading volume, but its market share has tumbled from about 70% to 54% since the final weeks of March. To be sure, the plunge has come as the exchange halted its no-fee trading promotion for 13 bitcoin spot trading pairs. Binance witnessed its lowest bitcoin ( BTC ) trading volume since July 2022 on March 27. But the exchange has also lost ground after the U.S. Commodity Futures Futures Trading Commission sued the exchange and founder Changpeng Zhao, alleging they offered unregistered crypto derivatives products in the U.S. against federal law. On Monday, Binance suffered another blow when a rumor surfaced that Zhao faced an international law enforcement request to detain him, referred to as an Interpol Red Notice . On Twitter, Binance Chief Strategy Officer Patrick Hillmann wrote , "One of two things is true: 1. It\'s bulls**t; 2. A law enforcement agent is illegally leaking elements of a case file." He added: "My bet is #1." Pagoulatos saw BTC\'s dip Monday following the rumor as a flight to safety. "When people are trading bitcoins, they\'re gonna be trading on places like Binance, Coinbase, Bybit," he said. "And when there are rumors of, say, the CEO of the biggest exchange being a wanted fugitive, people are obviously going to want to withdraw their money, sell their bitcoin, get it off as fast as possible." Bitcoin has more recently rebounded above the $28,000 level where\'s its stood for large portions of the last two weeks. Pagoulatos hedged as to its future path. "We had this significant rally off $20K all the way up to $28K," he said. "And, like, $28K to $30K is a big area of significance. It\'s kind of where bitcoin was trading before Three Arrows Capital\'s collapse last year – that huge hedge fund liquidation event – so this area\'s going to be a tough spot for bitcoin to get through." He added: "What\'s going to be interesting is what path bitcoin follows from here. Is it going to trade more in line with risk assets? Or does it trade more in line with what gold does?" Important events 4:15 p.m. HKT/SGT(8:15 UTC) United States ADP Employment Change (March) 6:00 p.m. HKT/SGT(10:00 UTC) United States ISM Services PMI (March) 5:30 a.m. HKT/SGT(21:30 UTC) Australia Trade Balance (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Binance Market Share Hits Lowest Since November After CFTC Lawsuit; Kevin O\'Leary on Crypto Markets Outlook Canadian crypto exchanges WonderFi, Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the world\'s largest crypto trading platforms. O\'Leary Ventures Chairman Kevin O\'Leary, along with WonderFi President and Interim CEO Dean Skurka, joined "First Mover" to discuss. Plus, The Tie co-founder and CEO Joshua Frank weighed in on dogecoin jumping after Twitter replaced its blue bird logo with the token\'s dog symbol. And FTX creditor Sunil Kavuri shared his thoughts on the future of the failed crypto exchange. Headlines OpenSea Launches OpenSea Pro, Courting Professional NFT Traders : As part of the launch, marketplace fees will return to the main OpenSea platform at 2.5%, while Pro users will have zero fees. Arbitrum Governance Fracas Reopens the Question, Why DAOs? : A messy governance dispute over a major Ethereum scaling system has some complaining about “decentralization theater.” Polkadot Registers Trademark for Blockchain Communication Platform : The trademark filing mentions social networking software. Crypto Protocol LayerZero Raises $120M at $3B Valuation : The valuation is triple the level of the firm\'s previous funding round in March 2022. Binance\'s Market Share Hits Lowest Level Since November After CFTC Lawsuit, End of Zero-Fee Trading : The exchange\'s share of trading volume has dropped to 54% from 70% over the past two weeks.', 'DARTFORD, United Kingdom - ( NewMediaWire ) - April 4, 2023 - ( King NewsWire ) - Chiron Investigations, a well-known firm that specializes in cryptocurrency and asset recovery, has recently announced its specialized services aimed at aiding victims of bitcoin theft in recovering their lost digital assets. Chiron Investigations has established itself as a reputable and swift provider of cryptocurrency recovery services, having accepted numerous cases with a high rate of success, including how to get their stolen crypto back. The IT head of Chiron Investigations stated "Our commitment to providing capable and efficient recovery services while recognizing the importance of these digital assets to their clients, Chiron Investigations not only assist those affected by Forex trading crimes but also offers aid to victims of Bitcoin theft. Through swift response , the company ensures that clients receive timely effective results." Chiron aims to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations\' bitcoin recovery services are not only reliable and secure but also highly effective, with a global network of investigators ready to help clients no matter where they are. Those who opt for Chiron\'s services have little to gain from attempting to recover their lost assets themselves. Chiron Investigations is one of the leading providers of cryptocurrency and asset recovery services, thanks to their team of experienced investigators who have a proven track record of success and an in-depth understanding of the crypto recovery process. In addition to professional recovery services, Chiron Investigations offers guidance to victims on how to recover their stolen cryptocurrency. The company is committed to providing exceptional and efficient recovery services, recognizing the significance of these assets to its clients. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. Story continues About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Contact Person: Julie Spencer Company Name: Chiron Investigations Crypto Recovery Solutions Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'DARTFORD, United Kingdom - ( NewMediaWire ) - April 4, 2023 - ( King NewsWire ) - Chiron Investigations, a well-known firm that specializes in cryptocurrency and asset recovery, has recently announced its specialized services aimed at aiding victims of bitcoin theft in recovering their lost digital assets. Chiron Investigations has established itself as a reputable and swift provider of cryptocurrency recovery services, having accepted numerous cases with a high rate of success, including how to get their stolen crypto back. The IT head of Chiron Investigations stated "Our commitment to providing capable and efficient recovery services while recognizing the importance of these digital assets to their clients, Chiron Investigations not only assist those affected by Forex trading crimes but also offers aid to victims of Bitcoin theft. Through swift response , the company ensures that clients receive timely effective results." Chiron aims to aid its clients in recovering their stolen property and bringing the perpetrators to justice, particularly helping those impacted by crypto trading platform crimes . Chiron Investigations\' bitcoin recovery services are not only reliable and secure but also highly effective, with a global network of investigators ready to help clients no matter where they are. Those who opt for Chiron\'s services have little to gain from attempting to recover their lost assets themselves. Chiron Investigations is one of the leading providers of cryptocurrency and asset recovery services, thanks to their team of experienced investigators who have a proven track record of success and an in-depth understanding of the crypto recovery process. In addition to professional recovery services, Chiron Investigations offers guidance to victims on how to recover their stolen cryptocurrency. The company is committed to providing exceptional and efficient recovery services, recognizing the significance of these assets to its clients. Overall, Chiron Investigations\' crypto recovery services to help get stolen bitcoin back By providing essential support and assistance, Chiron\'s services are transforming the sector. Visit Chiron Investigations\' website at https://www.chiron-investigations.com to learn more about cryptocurrency recovery services. Story continues About Chiron Investigations: Chiron Investigations is a leading provider of investigation services that help businesses recover from the effects of online crime. The company offers customized solutions to suit each client\'s unique needs, including custom analysis of cases, detailed investigations into transactions, closer interaction with stakeholders to assess the methods used by perpetrators, drawing a trail of events to establish root cause analysis, and protection from future occurrences through the deployment of robust security systems. Chiron Investigations\' team of experts has years of experience in investigating and preventing online crime and works closely with law enforcement agencies and financial institutions to bring perpetrators to justice. Media Contact Contact Person: Julie Spencer Company Name: Chiron Investigations Crypto Recovery Solutions Website: https://chiron-investigations.com/ Email: [email protected] City: Dartford Country: United Kingdom', 'Ray Youssef, the chief executive of Paxful Bitcoin exchange, announced the indefinite suspension of the marketplace on Tuesday, citing regulatory challenges and staff departures. See related article: SEC Chair urges more resources to regulate crypto and technology at House Subcommittee hearing Fast facts All customer funds are accounted for, and safeguarding client assets is the exchange’s priority, Youssef said. He also encouraged customers to withdraw and self-custody their assets. Youssef added that the exchange’s regulatory challenges mostly came from the U.S. Paxful joins a growing list of cryptocurrency exchanges closing shop due to legal hurdles in the U.S. Last Friday, Bittrex , a Seattle-based crypto exchange, announced that it is winding down to close its U.S. operations, citing regulatory challenges. Beaxy , another U.S.-based platform, was shut down by the Securities and Exchange Commission for operating an unregistered exchange. U.S. regulators have been intensifying their crackdown on the industry recently. Last week, the Commodity Futures Trading Commission sued Binance, the world’s largest crypto exchange, for violating compliance rules. See related article: Japan’s FSA steps up crypto regulation with warnings to Bybit, other exchanges', 'Ray Youssef, the chief executive of Paxful Bitcoin exchange,announcedthe indefinite suspension of the marketplace on Tuesday, citing regulatory challenges and staff departures.\nSee related article:SEC Chair urges more resources to regulate crypto and technology at House Subcommittee hearing\n• All customer funds are accounted for, and safeguarding client assets is the exchange’s priority, Youssef said. He also encouraged customers to withdraw and self-custody their assets.\n• Youssef added that the exchange’s regulatory challenges mostly came from the U.S.\n• Paxful joins a growing list of cryptocurrency exchanges closing shop due to legal hurdles in the U.S.\n• Last Friday,Bittrex, a Seattle-based crypto exchange, announced that it is winding down to close its U.S. operations, citing regulatory challenges.\n• Beaxy, another U.S.-based platform, was shut down by the Securities and Exchange Commission for operating an unregistered exchange.\n• U.S. regulators have been intensifying their crackdown on the industry recently. Last week, the Commodity Futures Trading Commission sued Binance, the world’s largest crypto exchange, for violating compliance rules.\nSee related article:Japan’s FSA steps up crypto regulation with warnings to Bybit, other exchanges', 'Ray Youssef, the chief executive of Paxful Bitcoin exchange,announcedthe indefinite suspension of the marketplace on Tuesday, citing regulatory challenges and staff departures.\nSee related article:SEC Chair urges more resources to regulate crypto and technology at House Subcommittee hearing\n• All customer funds are accounted for, and safeguarding client assets is the exchange’s priority, Youssef said. He also encouraged customers to withdraw and self-custody their assets.\n• Youssef added that the exchange’s regulatory challenges mostly came from the U.S.\n• Paxful joins a growing list of cryptocurrency exchanges closing shop due to legal hurdles in the U.S.\n• Last Friday,Bittrex, a Seattle-based crypto exchange, announced that it is winding down to close its U.S. operations, citing regulatory challenges.\n• Beaxy, another U.S.-based platform, was shut down by the Securities and Exchange Commission for operating an unregistered exchange.\n• U.S. regulators have been intensifying their crackdown on the industry recently. Last week, the Commodity Futures Trading Commission sued Binance, the world’s largest crypto exchange, for violating compliance rules.\nSee related article:Japan’s FSA steps up crypto regulation with warnings to Bybit, other exchanges', 'Bitcoin rose on Wednesday morning in Asia, moving beyond the US$28,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies also gained, with Polygon’s Matic token leading the winners. Polygon’s blockchain is also seeing a surge in non-fungible token (NFT)\xa0sales. U.S. equities fell as job openings declined to the lowest since May 2021, signaling a cooling economy and stirring concern about a recession after a year-long series of interest rate hikes by the Federal Reserve.\nSee related article:Polygon SDK: Helping shape NFTs at scale\n• Bitcoin gained 1.36% to US$28,172 in the last 24 hours to 8 a.m. in Hong Kong, up 3.32% in the last week, according toCoinMarketCapdata. The leading cryptocurrency added almost 3% by mid-morning in Asia trading. Ethereum rose 3.35% to US$1,870, a weekly gain of 5.53%.\n• Polygon’s Matic token was the biggest gainer out of the top 10 non-stablecoin cryptocurrencies by market capitalization, adding 3.84% to US$1.14 for a weekly gain of 4.74%. Polygon’s y00ts NFT sale was the largest among all blockchains in the 24 hours to Tuesday morning, according to Polygon’sofficial Twitterhandle.\n• “Compared to this time last year, Polygon is seeing roughly 3-5x the number of unique sellers, buyers, and total transactions monthly. This is largely due to non-NFT traders now being exposed to non-fungible tokens through Starbucks rewards and Reddit Avatars,” saidYehudah Petscher, strategist at Forkast Labs’ NFT data specialist unit, Cryptoslam.\n• Dogecoin, which surged Tuesday following Elon Musk’s move to change Twitter’s blue bird icon to the memecoin’s Shiba Inu dog image, fell back 0.89% to US$0.09523. The meme token’s value jumped 29% over the last seven days, which seems to have awakened some wallets, withWhale Alert notingone containing 1.2 million Doge activated after more than nine years dormant.\n• The global crypto market capitalization rose 1.43% to US$1.19 trillion while the total market trade volume dipped 14% to US$42.06 billion in the last 24 hours.\n• In the NFT market, theForkast 500NFT Index dipped 0.11% to 4,035.10 in the 24 hours to 09:00 a.m. in Hong Kong, but added 0.74% for the week. TheCryptoSlamindex is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day.\n• From Jan. 1, 2022, to April 4, 2022, the Forkast 500 showed the market fell almost 12% and for the same period through April 4 this year, the index is down just 2%, said Petscher. “We trade in cycles so I’m curious if we really have much further to fall, or if we’ve found some sort of floor that’s supported by collectors that are here for the long haul,” he said.\n• U.S. equities closed lower on Tuesday. The Dow Jones Industrial Average fell 0.59%, and the S&P 500 lost 0.58%. The Nasdaq Composite slipped 0.52%.\n• The number of job openings in the U.S. fell to 9.9 million in February, the lowest since May 2021 and below market expectations of 10.4 million, indicating a cooling economy, according toTrading Economics.\n• The data points indicate the Fed’s battle against inflation may be working, but at the same time concern is growing that with U.S. interest rates now between 4.75% to 5%, or the highest in 17 years, the central bank may have gone too far and the world’s biggest economy could slide into a recession. Analysts at theCME Grouphave shifted in their view on the outcome of the Fed May 3 meeting to decide on interest rates, with a majority of analysts, about 59%, predicting no change, while 41.1% expect a 25 basis-point rise.\n• U.S. stock futures traded higher of 9:30 a.m. in Hong Kong. The Dow Jones Industrial Average Index Futures edged up 0.098%, S&P 500 Futures gained 0.097% and the\xa0 Nasdaq-100 Futures added 0.13%.\nSee related article:Binance rejects U.S. charges of violating trading rules, manipulating markets', 'Bitcoin rose on Wednesday morning in Asia, moving beyond the US$28,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies also gained, with Polygon\x92s Matic token leading the winners. Polygon\x92s blockchain is also seeing a surge in non-fungible token (NFT)\xa0sales. U.S. equities fell as job openings declined to the lowest since May 2021, signaling a cooling economy and stirring concern about a recession after a year-long series of interest rate hikes by the Federal Reserve. See related article: Polygon SDK: Helping shape NFTs at scale Fast facts Bitcoin gained 1.36% to US$28,172 in the last 24 hours to 8 a.m. in Hong Kong, up 3.32% in the last week, according to CoinMarketCap data. The leading cryptocurrency added almost 3% by mid-morning in Asia trading. Ethereum rose 3.35% to US$1,870, a weekly gain of 5.53%. Polygon\x92s Matic token was the biggest gainer out of the top 10 non-stablecoin cryptocurrencies by market capitalization, adding 3.84% to US$1.14 for a weekly gain of 4.74%. Polygon\x92s y00ts NFT sale was the largest among all blockchains in the 24 hours to Tuesday morning, according to Polygon\x92s official Twitter handle. \x93Compared to this time last year, Polygon is seeing roughly 3-5x the number of unique sellers, buyers, and total transactions monthly. This is largely due to non-NFT traders now being exposed to non-fungible tokens through Starbucks rewards and Reddit Avatars,\x94 said Yehudah Petscher , strategist at Forkast Labs\x92 NFT data specialist unit, Cryptoslam. Dogecoin, which surged Tuesday following Elon Musk\x92s move to change Twitter\x92s blue bird icon to the memecoin\x92s Shiba Inu dog image, fell back 0.89% to US$0.09523. The meme token\x92s value jumped 29% over the last seven days, which seems to have awakened some wallets, with Whale Alert noting one containing 1.2 million Doge activated after more than nine years dormant. The global crypto market capitalization rose 1.43% to US$1.19 trillion while the total market trade volume dipped 14% to US$42.06 billion in the last 24 hours. In the NFT market, the Forkast 500 NFT Index dipped 0.11% to 4,035.10 in the 24 hours to 09:00 a.m. in Hong Kong, but added 0.74% for the week. The CryptoSlam index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. From Jan. 1, 2022, to April 4, 2022, the Forkast 500 showed the market fell almost 12% and for the same period through April 4 this year, the index is down just 2%, said Petscher. \x93We trade in cycles so I\x92m curious if we really have much further to fall, or if we\x92ve found some sort of floor that\x92s supported by collectors that are here for the long haul,\x94 he said. U.S. equities closed lower on Tuesday. The Dow Jones Industrial Average fell 0.59%, and the S&P 500 lost 0.58%. The Nasdaq Composite slipped 0.52%. The number of job openings in the U.S. fell to 9.9 million in February, the lowest since May 2021 and below market expectations of 10.4 million, indicating a cooling economy, according to Trading Economics . The data points indicate the Fed\x92s battle against inflation may be working, but at the same time concern is growing that with U.S. interest rates now between 4.75% to 5%, or the highest in 17 years, the central bank may have gone too far and the world\x92s biggest economy could slide into a recession. Analysts at the CME Group have shifted in their view on the outcome of the Fed May 3 meeting to decide on interest rates, with a majority of analysts, about 59%, predicting no change, while 41.1% expect a 25 basis-point rise. U.S. stock futures traded higher of 9:30 a.m. in Hong Kong. The Dow Jones Industrial Average Index Futures edged up 0.098%, S&P 500 Futures gained 0.097% and the\xa0 Nasdaq-100 Futures added 0.13%. See related article: Binance rejects U.S. charges of violating trading rules, manipulating markets', 'Bitcoin rose on Wednesday morning in Asia, moving beyond the US$28,000 mark. Ether and most other top 10 non-stablecoin cryptocurrencies also gained, with Polygon’s Matic token leading the winners. Polygon’s blockchain is also seeing a surge in non-fungible token (NFT)\xa0sales. U.S. equities fell as job openings declined to the lowest since May 2021, signaling a cooling economy and stirring concern about a recession after a year-long series of interest rate hikes by the Federal Reserve.\nSee related article:Polygon SDK: Helping shape NFTs at scale\n• Bitcoin gained 1.36% to US$28,172 in the last 24 hours to 8 a.m. in Hong Kong, up 3.32% in the last week, according toCoinMarketCapdata. The leading cryptocurrency added almost 3% by mid-morning in Asia trading. Ethereum rose 3.35% to US$1,870, a weekly gain of 5.53%.\n• Polygon’s Matic token was the biggest gainer out of the top 10 non-stablecoin cryptocurrencies by market capitalization, adding 3.84% to US$1.14 for a weekly gain of 4.74%. Polygon’s y00ts NFT sale was the largest among all blockchains in the 24 hours to Tuesday morning, according to Polygon’sofficial Twitterhandle.\n• “Compared to this time last year, Polygon is seeing roughly 3-5x the number of unique sellers, buyers, and total transactions monthly. This is largely due to non-NFT traders now being exposed to non-fungible tokens through Starbucks rewards and Reddit Avatars,” saidYehudah Petscher, strategist at Forkast Labs’ NFT data specialist unit, Cryptoslam.\n• Dogecoin, which surged Tuesday following Elon Musk’s move to change Twitter’s blue bird icon to the memecoin’s Shiba Inu dog image, fell back 0.89% to US$0.09523. The meme token’s value jumped 29% over the last seven days, which seems to have awakened some wallets, withWhale Alert notingone containing 1.2 million Doge activated after more than nine years dormant.\n• The global crypto market capitalization rose 1.43% to US$1.19 trillion while the total market trade volume dipped 14% to US$42.06 billion in the last 24 hours.\n• In the NFT market, theForkast 500NFT Index dipped 0.11% to 4,035.10 in the 24 hours to 09:00 a.m. in Hong Kong, but added 0.74% for the week. TheCryptoSlamindex is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day.\n• From Jan. 1, 2022, to April 4, 2022, the Forkast 500 showed the market fell almost 12% and for the same period through April 4 this year, the index is down just 2%, said Petscher. “We trade in cycles so I’m curious if we really have much further to fall, or if we’ve found some sort of floor that’s supported by collectors that are here for the long haul,” he said.\n• U.S. equities closed lower on Tuesday. The Dow Jones Industrial Average fell 0.59%, and the S&P 500 lost 0.58%. The Nasdaq Composite slipped 0.52%.\n• The number of job openings in the U.S. fell to 9.9 million in February, the lowest since May 2021 and below market expectations of 10.4 million, indicating a cooling economy, according toTrading Economics.\n• The data points indicate the Fed’s battle against inflation may be working, but at the same time concern is growing that with U.S. interest rates now between 4.75% to 5%, or the highest in 17 years, the central bank may have gone too far and the world’s biggest economy could slide into a recession. Analysts at theCME Grouphave shifted in their view on the outcome of the Fed May 3 meeting to decide on interest rates, with a majority of analysts, about 59%, predicting no change, while 41.1% expect a 25 basis-point rise.\n• U.S. stock futures traded higher of 9:30 a.m. in Hong Kong. The Dow Jones Industrial Average Index Futures edged up 0.098%, S&P 500 Futures gained 0.097% and the\xa0 Nasdaq-100 Futures added 0.13%.\nSee related article:Binance rejects U.S. charges of violating trading rules, manipulating markets', "Join the most important conversation in crypto and web3! Secure your seat today\nPaxful, the peer-to-peer bitcoin marketplace popular in countries including Nigeria and Kenya, hassuspended operations. But Paxful co-founder Ray Youssef is already trying to rally support for a new platform called Civilization Kit (Civ Kit) – a decentralized peer-to-peer bitcoin trading application, built on theJack Dorsey-backeddecentralized social media protocol, Nostr.\nA white paper for Civ Kit will be released in one or two weeks, according to Youssef. He plans to rally the Bitcoin community to help build and fund the project.\nFor now, Paxful is encouraging users to move funds to non-custodial wallets or other platforms such as the newly createdNoonespeer-to-peer bitcoin marketplace co-founded by Yusuf Nessary and Nicholas Gregory. Youssef says he supports Noones but doesn’t have a direct role in the company.\nNessary is also the co-founder and director ofBuilt With Bitcoin(BWB), a Paxful-funded nonprofit organization seeking to provide “humanitarian support, powered by Bitcoin.”\nYoussef says Paxful, a Delaware corporation, succumbed to regulatory pressure and internal squabbling, precipitating Tuesday's shutdown, and that Civ Kit will be “the next evolution of Bitcoin.”\n“We spent millions on compliance, but even that still wasn’t enough,” Youssef told CoinDesk in an interview. “And then to make things worse, in the middle of January, my co-founder decided to sue the company and myself. The litigation got really nasty and he scared away our best people. My entire chief level staff resigned. I had no operational staff.”\nPaxful’s co-founder, Artur Schaback, accused Youssef of shutting him out of the operation, withholding key details about Paxful’s business dealings and making fraudulent fund transfers, according to arecent lawsuitfiled last week.\n“It was like some kind of horrible divorce,” Youssef said. “He was fired over a year ago for several things, namely incompetence and bad behavior. He refused to partake in the internal investigation. He was legally fired.”\nCoinDesk was unable to reach Schaback for comment.\nRead more:Peer-to-Peer Bitcoin Exchange Paxful to Suspend Operations\nPaxful was founded in 2015 and facilitated peer-to-peer crypto trading. The marketplaceremoved support for etherlast year citing Ethereum’s move to proof-of-stake.\nYoussef describes Paxful as crypto’s “Craigslist.” Users exchanged bitcoin for cash, gift cards, mobile money and other forms of currency on a peer-to-peer basis. Paxful provided escrow and dispute resolution services for a fee.\n“It's just three things: It's a wallet and it's a listing servi
**Last 60 Days of Bitcoin's Closing Prices:**
[23331.85, 22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-05
**Financial & Commodity Data:**
- Gold Closing Price: $2020.90
- Crude Oil Closing Price: $80.61
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $551,393,217,462
- Hash Rate: 323675130.1453304
- Transaction Count: 346885.0
- Unique Addresses: 719774.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: TORONTO , Feb. 21, 2023 /CNW/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT) (" Hut 8 " or the " Company ") announces that it received the Statement of Defence and Counterclaim (the " Counterclaim ") of Validus Power Corp. and its subsidiary, Bay Power Corp. (collectively, " Validus "). Hut 8 Mining Corp Logo (CNW Group/Hut 8 Mining Corp) The Counterclaim relates to the Company's ongoing dispute with Validus in respect of Validus' failure to meet its contractual obligations under the power purchase agreement it entered into with the Company as well as the associated lease between the Company and Validus at the Company's mining facility in North Bay, Ontario . In addition to denying the majority of allegations in the Company's Statement of Claim, Validus has brought counterclaims against the Company and is seeking monetary damages. The Company intends to pursue the claims set out in its Statement of Claim as previously announced. The Company considers the Counterclaim to be without sufficient merit and will vigorously defend all of the claims in the Counterclaim. As the matter is now before the court, Hut 8 does not intend to make additional comments on this subject unless otherwise determined to be appropriate. About Hut 8 Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin , blockchain, Web 3.0, and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario , all located in Canada , Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of unencumbered, self-mined Bitcoin of any digital asset miner or publicly-traded company globally. With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come. Cautionary Note Regarding Forward–Looking Information This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely" or similar expressions. In addition, any statements in this press release that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among others, statements with respect to the North Bay facility and the expected outcome of any proceedings related to Validus. Story continues Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin network, further development and acceptance of the Bitcoinnetwork, changes to Bitcoin mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to digital asset exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of digital assets, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, failure to achieve intended benefits of power purchase agreements, potential for interrupted delivery, or suspension of the delivery, of energy to the Company's mining sites, and other risks related to the digital asset and data centre business. For a complete list of the factors that could affect the Company, please see the "Risk Factors" section of the Company's Annual Information Form dated March 17, 2022 , as well as its most recent Base Shelf Prospectus dated August 5, 2022 and Prospectus Supplement dated August 17, 2022 , and Hut 8's other continuous disclosure documents which are available on the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov . These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this press release should not be unduly relied upon. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8's future decisions and actions will depend on management's assessment of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/hut-8-provides-update-on-north-bay-facility-301751414.html SOURCE Hut 8 Mining Corp Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/21/c6898.html View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States.\nWorking through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution.\n“The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the reportstated. One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one ofBlockstream’s neaerby Bitcoin mining facilities.\nAnothercase studyfocused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water.\n“What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate.\nEnvironmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey\nProof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first.\nMany modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing anotherwell-funded environmental campaignto do so.\nHowever, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (andsuspectedBitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money.\n“People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said toDecryptvia Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.”\nProof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF\nWhen asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.”\nLong-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful.\n“PoW is actually good for the environment,” he toldDecryptvia DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.”\nMeanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015essaydescribing the system as “unworkable.”\n“By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", "Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States. Working through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution. “The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the report stated . One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one of Blockstream ’s neaerby Bitcoin mining facilities. Another case study focused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water. “What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate. Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey Proof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first. Many modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing another well-funded environmental campaign to do so. Story continues However, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (and suspected Bitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money. “People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said to Decrypt via Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.” Proof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF When asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.” Long-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful. “PoW is actually good for the environment,” he told Decrypt via DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.” Meanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015 essay describing the system as “unworkable.” “By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", "Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States.\nWorking through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution.\n“The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the reportstated. One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one ofBlockstream’s neaerby Bitcoin mining facilities.\nAnothercase studyfocused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water.\n“What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate.\nEnvironmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey\nProof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first.\nMany modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing anotherwell-funded environmental campaignto do so.\nHowever, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (andsuspectedBitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money.\n“People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said toDecryptvia Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.”\nProof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF\nWhen asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.”\nLong-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful.\n“PoW is actually good for the environment,” he toldDecryptvia DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.”\nMeanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015essaydescribing the system as “unworkable.”\n“By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ether holds near $1.9K ahead of the Shanghai upgrade; bitcoin hovers near $28K.\nInsights:Becoming a successful crypto liquidity provider requires an active approach that considers trade volume, volatility and other factors.\nCoinDesk Market Index (CMI)\n1,226\n−15.3▼1.2%\nBitcoin (BTC)\n$27,908\n−686.5▼2.4%\nEthereum (ETH)\n$1,891\n−19.3▼1.0%\nS&P 500\n4,090.38\n−10.2▼0.2%\nGold\n$2,031\n+8.4▲0.4%\nNikkei 225\n27,813.26\n−474.2▼1.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[{"CoinDesk Market Index (CMI)": "Bitcoin (BTC)", "1,226": "$27,908", "\\u221215.3\\u25bc1.2%": "\\u2212686.5\\u25bc2.4%"}, {"CoinDesk Market Index (CMI)": "Ethereum (ETH)", "1,226": "$1,891", "\\u221215.3\\u25bc1.2%": "\\u221219.3\\u25bc1.0%"}, {"CoinDesk Market Index (CMI)": "S&P 500", "1,226": "4,090.38", "\\u221215.3\\u25bc1.2%": "\\u221210.2\\u25bc0.2%"}, {"CoinDesk Market Index (CMI)": "Gold", "1,226": "$2,031", "\\u221215.3\\u25bc1.2%": "+8.4\\u25b20.4%"}, {"CoinDesk Market Index (CMI)": "Nikkei 225", "1,226": "27,813.26", "\\u221215.3\\u25bc1.2%": "\\u2212474.2\\u25bc1.7%"}, ["BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"]]\nEther Inches Down but Bests Bitcoin\nEther (ETH)dropped on Thursday but continued this week\'s trend of outperforming bitcoin (BTC).\nThe second-largest cryptocurrency was recently holding steady a few dollars shy of the $1,900 perch it assumed Wednesday, down 1% over the past 24 hours, but up more than 5% from the start of the week when it was lingering below $1,800.\nInvestors seem increasingly enamored by theShanghai hard fork, which is slated to occur on April 12. The upgrade, also called Shapella, willmarkthe completion of Ethereum’s full transition to aproof-of-stake(PoS) network and enable stakedETHwithdrawals.\n"This hard fork will allow people to withdraw from their validator balance into their Ethereum balance, which is great for increased liquidity across the market and accessibility for those that trade in staked ether," Victoria Bills, chief investment strategist at financial services firm Banrion Capital Management, told CoinDesk TV\'s "First Mover" program. "And one thing that we can probably expect from that is an increase in activity across the chain when it comes to Ethereum."\nTo be sure, some ether observers say the impending unlocking of ETH deposited in the network to boost security in return for rewards willspur a rushof token liquidations. But others maintain that the event couldprove bullishfor ether because staking and capturing yields directly from the blockchain will become more accessible.\n"This is an amazing opportunity for ether and even has shown for its year-to-date high up," Bills said. "As it continues to become more of liquid and more accessible, we\'ll probably be seeing a lot more of that asset being traded."\nBitcoin recently dipped below $28,000, off about 2.2%, after spending much of the day above this threshold as it has for most of the last three weeks. The largest cryptocurrency in market capitalization has held steady as investors ponder multiple signs of economic contraction and potential aftershocks of the recent banking crisis.\nOther major cryptos were recently in the red, albeit lightly shaded. Popular meme coin DOGE, a big winner after Twitter replaced its blue bird logo atop its homepage with the crypto\'s Shiba Inu dog emblem, tumbled more than 4.5%.\nEquity markets closed mixed, with the Dow Jones Industrial Average (DJIA) ticking up but the tech-heavy Nasdaq and S&P 500 dropped 1% and 0.2%, respectively.\nBanrion\'s Bills noted that bitcoin\'s price has steadied as the banking turbulence has subsided. "Bitcoin had a shoot-up through the roof when we had a lot of turmoil, and then we\'re seeing it kind of come back to a more steady state around $28K," she said.\nThe Keys to Becoming a Successful Crypto Liquidity Provider\nA new research report that crypto data firm Amberdata shared with CoinDesk says that providing token liquidity to decentralized finance (DeFi) applications could be more lucrative than simply holding those tokens.\nLiquidity providers (LP) are investors who stake their cryptocurrency tokens on decentralized exchanges (DEX) to earn transaction fees, usually in the form of token rewards. Providing liquidity to crypto markets remains a key pillar of the ecosystem – with tens of billions of dollars supplied by users to smart contracts.\nBut becoming a successful liquidity provider is not as simple as passively depositing assets into a pool and waiting to earn a profit. LPs must addressdreaded impermanent loss, smart contract risks and exploits.\nThe Amberdata report provided a detailed analysis of four Uniswap version (v)2 pools, focusing on their behavior and performance metrics.\nThe analysis compared the dai (DAI) and ether (ETH) with the ether and USD coin (USDC) pools, which both involve trading ETH against a stablecoin. It also compared the DAI and USDC liquidity pair with a DAI and tether (USDT) pair, which involves trading different stablecoins against each other.\nThe report found there were significant differences in the capital efficiency and profitability of Uniswap v2 pools. The ETH/USDC pool had higher capital efficiency compared to the DAI/ETH pool, while the DAI/USDT pool had significantly higher capital efficiency than the DAI/USDC pool.\nThis was due to differences in liquidity among stablecoin pairs that could be attributed to factors such as market demand, availability and investor sentiment.\nThe demand for a particular stablecoin as a trading pair can influence the liquidity and trading volume in a pool, and therefore impact capital efficiency and profitability.\nAdditionally, investor sentiment toward a particular stablecoin, such as trust in its stability or market performance, can also impact liquidity and trading volume.\nFor traders interested in providing liquidity, Amberdata said the factors to consider are the total value locked (TVL) of a pair, the number of trades, or trading volume, per day of the pair, and the characteristics and volatility of the asset itself.\n“Our final takeaway is that providing liquidity on Uniswap v2 may be a profitable strategy for those who are looking for a safer way to hold crypto assets,” Amberdata analysts said. “LP strategies perform well in choppy market conditions and do not have significant differences from holding the assets during upward and downward trends.”\n[{"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+0.2%", "DACS Sector": "Entertainment"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22125.3%", "DACS Sector": "Currency"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.1%", "DACS Sector": "Computing"}, {"Asset": "Polkadot", "Ticker": "DOT", "Returns": "\\u22123.0%", "DACS Sector": "Smart Contract Platform"}]\n9:30 a.m. HKT/SGT(1:30 UTC)Australia Trade Balance (MoM/February)\n8:30 p.m. HKT/SGT(12:30 UTC)Canada Unemployment Rate (March)\n7:50 a.m. HKT/SGT(23:50 UTC)Japan Overall Household Spending (YoY/February)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Jumps to Nine-Month High Ahead of Shapella; Citi\'s Future of Finance Global Head on CBDCs\n"First Mover" dove into the crypto markets ahead of Shapella, a portmanteau of Shanghai and Capella, two major Ethereum network upgrades expected to occur simultaneously on April 12. Victoria Bills, Banrion Capital Management\'s chief investment strategist, joined the conversation. Ronit Ghose, future of finance global head at Citi, explained why the potential of blockchain will be measured in billions of users and trillions of dollars in value. Plus, Komainu CEO Nicolas Bertrand discussed the cryptocurrency custody joint venture of Nomura, Ledger and CoinShares.\nHappy 48th Birthday, Satoshi Nakamoto:We love you but we don’t miss you.\nCoinDesk’s Ethereum Validator Enters Final Weeks, Sitting on More Than $30K of Gains:To better chronicle the Ethereum blockchain\'s transition to a proof-of-stake network, CoinDesk started its own validator. We plunked down the 32 ETH (roughly $15K at the time) and laid the technical groundwork. With staking withdrawals due to start April 12, we take stock of the project.\nDogecoin Futures Set Record After Twitter Adopts Token\'s Dog Logo:Open interest, which can be used to determine market strength behind price trends, jumped to all-time highs in dogecoin terms.\nDevelopers Fork Uniswap V3, Protocol Attracts $123M in Total Value Locked:The majority of value is locked on Binance Smart Chain (BSC).\nEthereum\'s Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether, Observers:The 1 million instantly withdrawable ether has become a point of concern for the market.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether holds near $1.9K ahead of the Shanghai upgrade; bitcoin hovers near $28K. Insights: Becoming a successful crypto liquidity provider requires an active approach that considers trade volume, volatility and other factors. Prices CoinDesk Market Index (CMI) 1,226 −15.3 ▼ 1.2% Bitcoin (BTC) $27,908 −686.5 ▼ 2.4% Ethereum (ETH) $1,891 −19.3 ▼ 1.0% S&P 500 4,090.38 −10.2 ▼ 0.2% Gold $2,031 +8.4 ▲ 0.4% Nikkei 225 27,813.26 −474.2 ▼ 1.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,226 −15.3 ▼ 1.2% Bitcoin (BTC) $27,908 −686.5 ▼ 2.4% Ethereum (ETH) $1,891 −19.3 ▼ 1.0% S&P 500 4,090.38 −10.2 ▼ 0.2% Gold $2,031 +8.4 ▲ 0.4% Nikkei 225 27,813.26 −474.2 ▼ 1.7% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Inches Down but Bests Bitcoin Ether (ETH)dropped on Thursday but continued this week\'s trend of outperforming bitcoin (BTC). The second-largest cryptocurrency was recently holding steady a few dollars shy of the $1,900 perch it assumed Wednesday, down 1% over the past 24 hours, but up more than 5% from the start of the week when it was lingering below $1,800. Investors seem increasingly enamored by the Shanghai hard fork , which is slated to occur on April 12. The upgrade, also called Shapella, will mark the completion of Ethereum’s full transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. "This hard fork will allow people to withdraw from their validator balance into their Ethereum balance, which is great for increased liquidity across the market and accessibility for those that trade in staked ether," Victoria Bills, chief investment strategist at financial services firm Banrion Capital Management, told CoinDesk TV\'s "First Mover" program. "And one thing that we can probably expect from that is an increase in activity across the chain when it comes to Ethereum." Story continues To be sure, some ether observers say the impending unlocking of ETH deposited in the network to boost security in return for rewards will spur a rush of token liquidations. But others maintain that the event could prove bullish for ether because staking and capturing yields directly from the blockchain will become more accessible. "This is an amazing opportunity for ether and even has shown for its year-to-date high up," Bills said. "As it continues to become more of liquid and more accessible, we\'ll probably be seeing a lot more of that asset being traded." Bitcoin recently dipped below $28,000, off about 2.2%, after spending much of the day above this threshold as it has for most of the last three weeks. The largest cryptocurrency in market capitalization has held steady as investors ponder multiple signs of economic contraction and potential aftershocks of the recent banking crisis. Other major cryptos were recently in the red, albeit lightly shaded. Popular meme coin DOGE, a big winner after Twitter replaced its blue bird logo atop its homepage with the crypto\'s Shiba Inu dog emblem, tumbled more than 4.5%. Equity markets closed mixed, with the Dow Jones Industrial Average (DJIA) ticking up but the tech-heavy Nasdaq and S&P 500 dropped 1% and 0.2%, respectively. Banrion\'s Bills noted that bitcoin\'s price has steadied as the banking turbulence has subsided. "Bitcoin had a shoot-up through the roof when we had a lot of turmoil, and then we\'re seeing it kind of come back to a more steady state around $28K," she said. Insights The Keys to Becoming a Successful Crypto Liquidity Provider A new research report that crypto data firm Amberdata shared with CoinDesk says that providing token liquidity to decentralized finance (DeFi) applications could be more lucrative than simply holding those tokens. Liquidity providers (LP) are investors who stake their cryptocurrency tokens on decentralized exchanges (DEX) to earn transaction fees, usually in the form of token rewards. Providing liquidity to crypto markets remains a key pillar of the ecosystem – with tens of billions of dollars supplied by users to smart contracts. But becoming a successful liquidity provider is not as simple as passively depositing assets into a pool and waiting to earn a profit. LPs must address dreaded impermanent loss , smart contract risks and exploits. The Amberdata report provided a detailed analysis of four Uniswap version (v)2 pools, focusing on their behavior and performance metrics. The analysis compared the dai (DAI) and ether (ETH) with the ether and USD coin (USDC) pools, which both involve trading ETH against a stablecoin. It also compared the DAI and USDC liquidity pair with a DAI and tether (USDT) pair, which involves trading different stablecoins against each other. The report found there were significant differences in the capital efficiency and profitability of Uniswap v2 pools. The ETH/USDC pool had higher capital efficiency compared to the DAI/ETH pool, while the DAI/USDT pool had significantly higher capital efficiency than the DAI/USDC pool. This was due to differences in liquidity among stablecoin pairs that could be attributed to factors such as market demand, availability and investor sentiment. The demand for a particular stablecoin as a trading pair can influence the liquidity and trading volume in a pool, and therefore impact capital efficiency and profitability. Additionally, investor sentiment toward a particular stablecoin, such as trust in its stability or market performance, can also impact liquidity and trading volume. For traders interested in providing liquidity, Amberdata said the factors to consider are the total value locked (TVL) of a pair, the number of trades, or trading volume, per day of the pair, and the characteristics and volatility of the asset itself. “Our final takeaway is that providing liquidity on Uniswap v2 may be a profitable strategy for those who are looking for a safer way to hold crypto assets,” Amberdata analysts said. “LP strategies perform well in choppy market conditions and do not have significant differences from holding the assets during upward and downward trends.” Biggest Gainers Asset Ticker Returns DACS Sector Cosmos ATOM +1.1% Smart Contract Platform Decentraland MANA +0.2% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −5.3% Currency Chainlink LINK −3.1% Computing Polkadot DOT −3.0% Smart Contract Platform Important events 9:30 a.m. HKT/SGT(1:30 UTC) Australia Trade Balance (MoM/February) 8:30 p.m. HKT/SGT(12:30 UTC) Canada Unemployment Rate (March) 7:50 a.m. HKT/SGT(23:50 UTC) Japan Overall Household Spending (YoY/February) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Jumps to Nine-Month High Ahead of Shapella; Citi\'s Future of Finance Global Head on CBDCs "First Mover" dove into the crypto markets ahead of Shapella, a portmanteau of Shanghai and Capella, two major Ethereum network upgrades expected to occur simultaneously on April 12. Victoria Bills, Banrion Capital Management\'s chief investment strategist, joined the conversation. Ronit Ghose, future of finance global head at Citi, explained why the potential of blockchain will be measured in billions of users and trillions of dollars in value. Plus, Komainu CEO Nicolas Bertrand discussed the cryptocurrency custody joint venture of Nomura, Ledger and CoinShares. Headlines Happy 48th Birthday, Satoshi Nakamoto : We love you but we don’t miss you. CoinDesk’s Ethereum Validator Enters Final Weeks, Sitting on More Than $30K of Gains : To better chronicle the Ethereum blockchain\'s transition to a proof-of-stake network, CoinDesk started its own validator. We plunked down the 32 ETH (roughly $15K at the time) and laid the technical groundwork. With staking withdrawals due to start April 12, we take stock of the project. Dogecoin Futures Set Record After Twitter Adopts Token\'s Dog Logo : Open interest, which can be used to determine market strength behind price trends, jumped to all-time highs in dogecoin terms. Developers Fork Uniswap V3, Protocol Attracts $123M in Total Value Locked : The majority of value is locked on Binance Smart Chain (BSC). Ethereum\'s Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether, Observers : The 1 million instantly withdrawable ether has become a point of concern for the market.', 'Bitcoin dipped below US$28,000 in Thursday morning trading in Asia as most other top 10 non-stablecoin cryptocurrencies lost steam. Ethereum edged lower, but held a weekly gain of over 5% as the blockchain’sShanghai upgradedraws near. Dogecoin led the losers after a Tuesday surge triggered by Elon Musk switching the Twitter icon to a Shiba Inu dog. U.S. equities traded mixed on Wednesday as data showed a slowdown in the job market and services, raising worries among investors of a potential recession ahead.\nSee related article:MicroStrategy buys 1,045 Bitcoin, holds 140,000 BTC in total\n• Bitcoin dropped 2.47% to US$27,983 in the 24 hours to 9:00 a.m. in Hong Kong, down 1.34% for the week, according toCoinMarketCap data.\n• The world’s largest cryptocurrency has been fluctuating around the US$28,000 resistance level since late March. MicroStrategy, a U.S.-based business intelligence firm and the world’s largest corporate Bitcoin holder, said itacquired 1,045 Bitcoinfor around US$29.3 million between March 24 and April 4, 2023, which could help investor sentiment.\n• Ethereum dipped 1.03% to US$1896 but is up 6.04% for the week. The token reached a high of US$1,937.50 on Wednesday to trade above the US$1,900 mark for the first time since August 2022. TheShanghai hardforkof the Ethereum blockchain, also known as Shapella upgrade, will come next Wednesday, and allow investors to withdraw their staked ETH for the first time.\n• Dogecoin led the losers, falling 4.66% to US$0,09127 but still made a weekly jump of 21.60%. Investors may be taking profits from the token’s surge earlier this week whenElon Muskon Monday changed the blue bird icon on the Twitter website to a Shiba Inu Japanese dog, the same image used by the meme coin.\xa0Musk has yet to say why he did it, other than totweet out a meme.\n• The total crypto market capitalization dropped 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period edged up 0.14% to US$43.08 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged down 0.12% to 4,029.45 in the 24 hours to 09:00 a.m. in Hong Kong, but gained 0.61% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byForkast Labsdata branch,CryptoSlam.\n• NFT sales on the Ethereum blockchain rose 17.81% in the 24 hours to 09:30 a.m. in Hong Kong. This could be attributed to volume onOpenSea Pro, an NFT marketplace developed by OpenSea that targets expereinced investors and offers zero listing fees for a limited time, saidYehudah Petscher, NFT strategist at Cryptoslam.\n• U.S. equities closed mixed on Monday. The Dow Jones Industrial Average added 0.24%, the S&P 500 dipped 0.25%, and the Nasdaq Composite Index dropped 1.07%, as investors analyzed weak economic readings on Wednesday.\n• The U.S. private sector saw a job slowdown, with 145,000 new jobs added in March, compared with the expected 210,000, and down from 261,000 in February. Annual pay rose 6.9% on year, down from 7.2% in the previous month, according toAutomatic Data Processing Inc. The slowdown in job growth and pay was linked to weak consumer demand and the rising cost of borrowing.\n• Another bearish indicator for the U.S. economy released Wednesday was the services purchasing managers’ index (PMI) for March that came in at 51.2%, according to theInstitute for Supply Management, also well below expectation of 54.5%. The index is a measure of market conditions, with a lower reading suggesting a contracting economy.\n• Despite these signals, Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday interest rates may need to go higher and “hold there for some time in order to make sure inflation is on that sustainable downward path to 2%,” according to aBloomberg report.\n• Inflation as measured by the U.S. consumer price index rose by6%on year in February, a decline from 6.4% in the previous month, but still far from the Federal Reserve’s goal to keep annual inflation below 2%.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve’s meeting on May 3 to make its next move on interest rates, analysts at theCME Groupare expecting a 54.2% chance of no rate hike, while 45.8% expect a 25 basis-point rise, up from 41.1% on Wednesday.\n• U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.10%, S&P 500 futures moved down 0.17% and the Nasdaq Composite Index dropped 0.31%. Investors are waiting for more data releases this week on the U.S. job market, including the Labor Department’s initial jobless claims on Thursday and U.S. employment situation summary on Friday.\nSee related article:Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures', 'Bitcoin dipped below US$28,000 in Thursday morning trading in Asia as most other top 10 non-stablecoin cryptocurrencies lost steam. Ethereum edged lower, but held a weekly gain of over 5% as the blockchain\x92s Shanghai upgrade draws near. Dogecoin led the losers after a Tuesday surge triggered by Elon Musk switching the Twitter icon to a Shiba Inu dog. U.S. equities traded mixed on Wednesday as data showed a slowdown in the job market and services, raising worries among investors of a potential recession ahead. See related article: MicroStrategy buys 1,045 Bitcoin, holds 140,000 BTC in total Fast facts Bitcoin dropped 2.47% to US$27,983 in the 24 hours to 9:00 a.m. in Hong Kong, down 1.34% for the week, according to CoinMarketCap data . The world\x92s largest cryptocurrency has been fluctuating around the US$28,000 resistance level since late March. MicroStrategy, a U.S.-based business intelligence firm and the world\x92s largest corporate Bitcoin holder, said it acquired 1,045 Bitcoin for around US$29.3 million between March 24 and April 4, 2023, which could help investor sentiment. Ethereum dipped 1.03% to US$1896 but is up 6.04% for the week. The token reached a high of US$1,937.50 on Wednesday to trade above the US$1,900 mark for the first time since August 2022. The Shanghai hardfork of the Ethereum blockchain, also known as Shapella upgrade, will come next Wednesday, and allow investors to withdraw their staked ETH for the first time. Dogecoin led the losers, falling 4.66% to US$0,09127 but still made a weekly jump of 21.60%. Investors may be taking profits from the token\x92s surge earlier this week when Elon Musk on Monday changed the blue bird icon on the Twitter website to a Shiba Inu Japanese dog, the same image used by the meme coin.\xa0Musk has yet to say why he did it, other than to tweet out a meme . The total crypto market capitalization dropped 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period edged up 0.14% to US$43.08 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged down 0.12% to 4,029.45 in the 24 hours to 09:00 a.m. in Hong Kong, but gained 0.61% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam . NFT sales on the Ethereum blockchain rose 17.81% in the 24 hours to 09:30 a.m. in Hong Kong. This could be attributed to volume on OpenSea Pro , an NFT marketplace developed by OpenSea that targets expereinced investors and offers zero listing fees for a limited time, said Yehudah Petscher , NFT strategist at Cryptoslam. U.S. equities closed mixed on Monday. The Dow Jones Industrial Average added 0.24%, the S&P 500 dipped 0.25%, and the Nasdaq Composite Index dropped 1.07%, as investors analyzed weak economic readings on Wednesday. The U.S. private sector saw a job slowdown, with 145,000 new jobs added in March, compared with the expected 210,000, and down from 261,000 in February. Annual pay rose 6.9% on year, down from 7.2% in the previous month, according to Automatic Data Processing Inc . The slowdown in job growth and pay was linked to weak consumer demand and the rising cost of borrowing. Another bearish indicator for the U.S. economy released Wednesday was the services purchasing managers\x92 index (PMI) for March that came in at 51.2%, according to the Institute for Supply Management , also well below expectation of 54.5%. The index is a measure of market conditions, with a lower reading suggesting a contracting economy. Despite these signals, Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday interest rates may need to go higher and \x93hold there for some time in order to make sure inflation is on that sustainable downward path to 2%,\x94 according to a Bloomberg report . Inflation as measured by the U.S. consumer price index rose by 6% on year in February, a decline from 6.4% in the previous month, but still far from the Federal Reserve\x92s goal to keep annual inflation below 2%. U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve\x92s meeting on May 3 to make its next move on interest rates, analysts at the CME Group are expecting a 54.2% chance of no rate hike, while 45.8% expect a 25 basis-point rise, up from 41.1% on Wednesday. U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.10%, S&P 500 futures moved down 0.17% and the Nasdaq Composite Index dropped 0.31%. Investors are waiting for more data releases this week on the U.S. job market, including the Labor Department\x92s initial jobless claims on Thursday and U.S. employment situation summary on Friday. See related article: Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures', 'Bitcoin dipped below US$28,000 in Thursday morning trading in Asia as most other top 10 non-stablecoin cryptocurrencies lost steam. Ethereum edged lower, but held a weekly gain of over 5% as the blockchain’sShanghai upgradedraws near. Dogecoin led the losers after a Tuesday surge triggered by Elon Musk switching the Twitter icon to a Shiba Inu dog. U.S. equities traded mixed on Wednesday as data showed a slowdown in the job market and services, raising worries among investors of a potential recession ahead.\nSee related article:MicroStrategy buys 1,045 Bitcoin, holds 140,000 BTC in total\n• Bitcoin dropped 2.47% to US$27,983 in the 24 hours to 9:00 a.m. in Hong Kong, down 1.34% for the week, according toCoinMarketCap data.\n• The world’s largest cryptocurrency has been fluctuating around the US$28,000 resistance level since late March. MicroStrategy, a U.S.-based business intelligence firm and the world’s largest corporate Bitcoin holder, said itacquired 1,045 Bitcoinfor around US$29.3 million between March 24 and April 4, 2023, which could help investor sentiment.\n• Ethereum dipped 1.03% to US$1896 but is up 6.04% for the week. The token reached a high of US$1,937.50 on Wednesday to trade above the US$1,900 mark for the first time since August 2022. TheShanghai hardforkof the Ethereum blockchain, also known as Shapella upgrade, will come next Wednesday, and allow investors to withdraw their staked ETH for the first time.\n• Dogecoin led the losers, falling 4.66% to US$0,09127 but still made a weekly jump of 21.60%. Investors may be taking profits from the token’s surge earlier this week whenElon Muskon Monday changed the blue bird icon on the Twitter website to a Shiba Inu Japanese dog, the same image used by the meme coin.\xa0Musk has yet to say why he did it, other than totweet out a meme.\n• The total crypto market capitalization dropped 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period edged up 0.14% to US$43.08 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged down 0.12% to 4,029.45 in the 24 hours to 09:00 a.m. in Hong Kong, but gained 0.61% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byForkast Labsdata branch,CryptoSlam.\n• NFT sales on the Ethereum blockchain rose 17.81% in the 24 hours to 09:30 a.m. in Hong Kong. This could be attributed to volume onOpenSea Pro, an NFT marketplace developed by OpenSea that targets expereinced investors and offers zero listing fees for a limited time, saidYehudah Petscher, NFT strategist at Cryptoslam.\n• U.S. equities closed mixed on Monday. The Dow Jones Industrial Average added 0.24%, the S&P 500 dipped 0.25%, and the Nasdaq Composite Index dropped 1.07%, as investors analyzed weak economic readings on Wednesday.\n• The U.S. private sector saw a job slowdown, with 145,000 new jobs added in March, compared with the expected 210,000, and down from 261,000 in February. Annual pay rose 6.9% on year, down from 7.2% in the previous month, according toAutomatic Data Processing Inc. The slowdown in job growth and pay was linked to weak consumer demand and the rising cost of borrowing.\n• Another bearish indicator for the U.S. economy released Wednesday was the services purchasing managers’ index (PMI) for March that came in at 51.2%, according to theInstitute for Supply Management, also well below expectation of 54.5%. The index is a measure of market conditions, with a lower reading suggesting a contracting economy.\n• Despite these signals, Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday interest rates may need to go higher and “hold there for some time in order to make sure inflation is on that sustainable downward path to 2%,” according to aBloomberg report.\n• Inflation as measured by the U.S. consumer price index rose by6%on year in February, a decline from 6.4% in the previous month, but still far from the Federal Reserve’s goal to keep annual inflation below 2%.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve’s meeting on May 3 to make its next move on interest rates, analysts at theCME Groupare expecting a 54.2% chance of no rate hike, while 45.8% expect a 25 basis-point rise, up from 41.1% on Wednesday.\n• U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.10%, S&P 500 futures moved down 0.17% and the Nasdaq Composite Index dropped 0.31%. Investors are waiting for more data releases this week on the U.S. job market, including the Labor Department’s initial jobless claims on Thursday and U.S. employment situation summary on Friday.\nSee related article:Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures', 'For the last year or so, we have watched the crypto sector endure a series of implosions. Now the traditional banking industry is facing a seismic shakeout of its own. The swift collapses of Silvergate Bank, Silicon Valley Bank , Signature Bank and then Credit Suisse each individually rank among the largest bank failures in the world since the global financial crisis of 2008. For me, one of the more shocking aspects of the unfolding drama is just how deeply the battlelines have been drawn between traditional finance and decentralized finance (DeFi). And that\x92s not helpful for either side. A wide majority of DeFi thought leaders are unapologetically celebrating the downfall of these banks. Regardless of the potential job losses and financial fallout \x97 including among crypto firms \x97 many DeFi commenters are taking a \x93holier than thou\x94 stance and reveling in TradFi\x92s calamity. Meanwhile, the collapses of crypto\x92s friendliest banks have seen TradFi players guffawing, as crypto startup founders scramble to find alternative banking partners, just to stay in business. And even more distasteful, the focus for many is using this chaos to gain \x93clout\x94 for their personal brand. Note former Coinbase CTO Balaji Srinivasan\x92s egotistical bet on the turmoil driving BTC to US$1 million, insensitive to the real financial hardships facing hardworking people. Whichever side we individually prefer, this bloodlust won\x92t result in a stable, sustainable financial system. Deepening the divisions between DeFi and TradFi helps neither side. We should be taking collective, holistic efforts to upgrade the world\x92s financial system and expand financial access. What went wrong: t he blame game The collapse of Silvergate Bank seems to be a case of poor risk management across the board. The U.S. government\x92s whiplash monetary and fiscal policies, the bank\x92s poor management and even worse communication, and startups\x92 poor financial management all played a role. Meanwhile, SVB seems to have been single-handedly taken down by venture capitalist FUD and groupthink . It remains to be seen if there is any truth to the claims that Signature Bank was purposely taken out by the authorities. The theory goes that the U.S. government wanted to ensure crypto gets its share of the blame instead of U.S. policy. This accusation itself of course is telling, indicating an atmosphere of heightened suspicion and lack of trust. As for Credit Suisse, the writing seems to have been on the wall for some time, yet conspiracy theories abound. This blame game itself is a sign of the growing factionalism across the finance industry. Story continues How we can de-escalate from here We need to avoid escalating what could become a death spiral, with each side trying to undermine and obstruct the stable development of the other. The future of finance requires a truce between traditional financial institutions and the crypto industry. Deepening allegiance to the battlelines only feeds the public\x92s distrust of finance in general, and degrades the image of the finance industry to a self-interested power struggle. On the DeFi side, we need to work collaboratively with the adults in the room. By engaging positively with regulators and major TradFi players, we can educate all parties on the benefits and advantages of DeFi. In fact, the strengths of decentralization, such as on-chain transparency as well as non-custodial and trustless solutions, are more relevant than ever in the current context. Besides, DeFi doesn\x92t exactly hold the moral high ground. Before anything else, we cannot claim victory until we learn the basics from TradFi and rid the wider DeFi ecosystem of ponzinomics . From my own experience in TradFi derivatives, I know that for the most part, there are excellent risk management practices in place, which DeFi can still learn from. As for professionals in traditional finance, my advice is to find the TradFi-experienced DeFi players and learn from them. Crypto is not the enemy. It\x92s the next evolution of finance. And now is the time to engage with crypto finance. If TradFi institutions don\x92t use this opportunity to embrace innovation and gain the lead in the blockchain revolution, they will forfeit their advantage and soon fall behind. The same goes for regulators. Aggressively targeting crypto firms now will backfire in the long run. It\x92s much better, and more logical, to engage, embrace and evolve in step with innovation, or risk having that innovation flee to other, more welcoming regions instead. Let\x92s work together, constructively The finance industry\x92s behavior weighs on the public\x92s opinion of and trust in the overall ecosystem. Ultimately, pitting DeFi and TradFi against each other is detrimental to building a stable and sustainable financial system for all. After all, this is ultimately everyone\x92s shared goal. We need to combine the best of both worlds, drawing from the TradFi systems we know and building on the DeFi systems we\x92re only just beginning to explore. Collaboration is key to building robust financial systems that offer transparency and inclusion for all. View comments', 'For the last year or so, we have watched the crypto sector endure a series of implosions. Now the traditional banking industry is facing a seismic shakeout of its own. Theswift collapses of Silvergate Bank, Silicon Valley Bank,Signature Bank and then Credit Suisseeach individually rank among the largest bank failures in the world since the global financial crisis of 2008.\nFor me, one of the more shocking aspects of the unfolding drama is just how deeply the battlelines have been drawn between traditional finance anddecentralized finance(DeFi). And that’s not helpful for either side.\nA wide majority of DeFi thought leaders are unapologetically celebrating the downfall of these banks. Regardless of the potential job losses and financial fallout — including among crypto firms — many DeFi commenters are taking a “holier than thou” stance and reveling in TradFi’s calamity.\nMeanwhile, the collapses of crypto’s friendliest banks have seen TradFi players guffawing, as crypto startup founders scramble to find alternative banking partners, just to stay in business.\nAnd even more distasteful, the focus for many is using this chaos to gain “clout” for their personal brand. Note formerCoinbase CTO Balaji Srinivasan’s egotistical beton the turmoil driving BTC to US$1 million, insensitive to the real financial hardships facing hardworking people.\nWhichever side we individually prefer, this bloodlust won’t result in a stable, sustainable financial system. Deepening the divisions between DeFi and TradFi helps neither side. We should be taking collective, holistic efforts to upgrade the world’s financi
**Last 60 Days of Bitcoin's Closing Prices:**
[22955.67, 22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-06
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $543,950,339,400
- Hash Rate: 375327217.1632722
- Transaction Count: 354019.0
- Unique Addresses: 740308.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It was thesecond consecutive weekof straight losses for leading cryptocurrencies.
The start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.
The pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.
Bitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.
Several leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.
Solana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.
After posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.
There were no significant gains among any of the leading cryptocurrencies this week.
There was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”
France’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.
Stateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.
Meanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36
|
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides.\nInsights:Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable.\nCoinDesk Market Index (CMI)\n1,221\n−7.6▼0.6%\nBitcoin (BTC)\n$28,067\n+48.4▲0.2%\nEthereum (ETH)\n$1,878\n−20.7▼1.1%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,024\n+2.8▲0.1%\nNikkei 225\n27,472.63\n−340.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,221", "\\u22127.6\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,067", "+48.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,878", "\\u221220.7\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+2.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,472.63", "\\u2212340.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia, here’s a look at how the markets are shaping up this Friday morning.\nBitcoin climbed out of the red as the market shifted from West to East while ether is slightly down.\nThe world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878.\nBrent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think.\nOn a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment.\n“This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.”\nBut the wild card here is interest rates, especially if they continue to rise.\n“There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.”\nNext week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates.\nThat’ll be a good update in the battle of bulls and bears.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+0.3%", "DACS Sector": "Currency"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.5%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}]\nIs Chief Twit Elon Musk Also Top DOGE?\nSo this is how mass adoption happens? Elon Musk, at least at one point the world’s richest man, replaced Twitter’s classic blue bird logo with a sprite of DOGE, the Shiba Inu dog known as much for the meme as the meme coin. Dogecoin spiked something like 40%, and hasn’t yet crashed. I hear there’s excitement brewing that DOGE could pump above the 10 cents threshold, which is proportionately one-tenth as exciting as when the so-calledproletariat investors of the GameStop eraattempted to drive dogecoin, sometimes un-ironically called “the people’s cryptocurrency,” past $1 (it didn’t work).\nDogecoin is apparently spiking because people believe that Elon Musk could soon integrate a permanent dogecoin payment system on Twitter, the microblogging platform he overpaid for ($43 billion). Twitter has several million daily active users, many of them high-profile, and if even just a small percentage begin transacting in DOGE – as a joke or not – it’s not completely irrational to speculate on that translating into a higher price. Mind you, Twitter already has payment/tipping features using the U.S. dollar and the Bitcoin Lightning network. The latter is rarely used, which gives some indication of how frequently the even-less-widely adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used.\nOf course, this is my attempt to ascribe meaning to crypto price moves. Prices are basically the only thing that matter in crypto, but rarely for any reason investors typically rely on when evaluating the expected return of an asset. Instead, crypto prices are almost a perfect reflection of market sentiment – or, to put it in the people’s language, vibe. The coronavirus shutting down the global economy? Bad vibes. Locked-down workers with excess cash turning into slap-happy day traders? Fun vibes. A massive stablecoin experiment crashing and burning? Bad vibes. The collapse of the U.S. banking revealing Bitcoin’s virtues? Apparently good vibes.\nElon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. He apparently got a taste of something he enjoys – power through s**tposting – because he pulled similar moves again and again, each time raising the stakes as the joke grew stale. Heweighed inon a dispute between DOGE traders and crypto exchange Binance. Tesla, his car company, would allowDOGE payments. Musk planned to bring DOGE to space, with aSpaceX satellite launch. Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical news siteProtos.\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC)United States Average Hourly Earnings (MoM/March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Nonfarm Payrolls (March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Unemployment Rate (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Dips Below $1.9K Ahead of \'Shapella\'; Japan Greenlights Bullish Web3 White Paper\nEthereum\'s Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum\'s complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. Runa Digital Assets Chief Operating Officer Max Williams and Umee CEO Brent Xu discussed. Plus, a closer look at Japan\'s new Web3 white paper that laid out recommendations for growing the country\'s industry. And, "The Crypto Lawyer" Irina Heaver shared her insights on the crypto industry in Dubai.\nMagic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad:After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.\nLido Stakers Can Expect Ether Withdrawals \'No Sooner Than Early May\':Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.\nStablecoin Tether\'s Market Capitalization Nears Record High of $83B:The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum\'s rival, Tron.\nJapan Approves Web3 White Paper to Promote Industry Growth in the Country:The document proposes more tax reforms, clearer accounting standards and a DAO law.\nHidden Inside MacOS, the Bitcoin White Paper:Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides. Insights: Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable. Prices CoinDesk Market Index (CMI) 1,221 −7.6 ▼ 0.6% Bitcoin (BTC) $28,067 +48.4 ▲ 0.2% Ethereum (ETH) $1,878 −20.7 ▼ 1.1% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,024 +2.8 ▲ 0.1% Nikkei 225 27,472.63 −340.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,221 −7.6 ▼ 0.6% Bitcoin (BTC) $28,067 +48.4 ▲ 0.2% Ethereum (ETH) $1,878 −20.7 ▼ 1.1% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,024 +2.8 ▲ 0.1% Nikkei 225 27,472.63 −340.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s a look at how the markets are shaping up this Friday morning. Bitcoin climbed out of the red as the market shifted from West to East while ether is slightly down. The world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878. Brent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think. On a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment. “This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.” But the wild card here is interest rates, especially if they continue to rise. “There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.” Story continues Next week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates. That’ll be a good update in the battle of bulls and bears. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.8% Smart Contract Platform Avalanche AVAX +1.1% Smart Contract Platform XRP XRP +0.3% Currency Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −6.5% Currency Gala GALA −2.2% Entertainment Decentraland MANA −2.2% Entertainment Insights Is Chief Twit Elon Musk Also Top DOGE? So this is how mass adoption happens? Elon Musk, at least at one point the world’s richest man, replaced Twitter’s classic blue bird logo with a sprite of DOGE, the Shiba Inu dog known as much for the meme as the meme coin. Dogecoin spiked something like 40%, and hasn’t yet crashed. I hear there’s excitement brewing that DOGE could pump above the 10 cents threshold, which is proportionately one-tenth as exciting as when the so-called proletariat investors of the GameStop era attempted to drive dogecoin, sometimes un-ironically called “the people’s cryptocurrency,” past $1 (it didn’t work). Dogecoin is apparently spiking because people believe that Elon Musk could soon integrate a permanent dogecoin payment system on Twitter, the microblogging platform he overpaid for ($43 billion). Twitter has several million daily active users, many of them high-profile, and if even just a small percentage begin transacting in DOGE – as a joke or not – it’s not completely irrational to speculate on that translating into a higher price. Mind you, Twitter already has payment/tipping features using the U.S. dollar and the Bitcoin Lightning network. The latter is rarely used, which gives some indication of how frequently the even-less-widely adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used. Of course, this is my attempt to ascribe meaning to crypto price moves. Prices are basically the only thing that matter in crypto, but rarely for any reason investors typically rely on when evaluating the expected return of an asset. Instead, crypto prices are almost a perfect reflection of market sentiment – or, to put it in the people’s language, vibe. The coronavirus shutting down the global economy? Bad vibes. Locked-down workers with excess cash turning into slap-happy day traders? Fun vibes. A massive stablecoin experiment crashing and burning? Bad vibes. The collapse of the U.S. banking revealing Bitcoin’s virtues? Apparently good vibes. Elon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. He apparently got a taste of something he enjoys – power through s**tposting – because he pulled similar moves again and again, each time raising the stakes as the joke grew stale. He weighed in on a dispute between DOGE traders and crypto exchange Binance. Tesla, his car company, would allow DOGE payments . Musk planned to bring DOGE to space, with a SpaceX satellite launch . Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical news site Protos . Read the full story here : Important events 8:30 p.m. HKT/SGT(12:30 UTC) United States Average Hourly Earnings (MoM/March) 8:30 p.m. HKT/SGT(12:30 UTC) United States Nonfarm Payrolls (March) 8:30 p.m. HKT/SGT(12:30 UTC) United States Unemployment Rate (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Dips Below $1.9K Ahead of \'Shapella\'; Japan Greenlights Bullish Web3 White Paper Ethereum\'s Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum\'s complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. Runa Digital Assets Chief Operating Officer Max Williams and Umee CEO Brent Xu discussed. Plus, a closer look at Japan\'s new Web3 white paper that laid out recommendations for growing the country\'s industry. And, "The Crypto Lawyer" Irina Heaver shared her insights on the crypto industry in Dubai. Headlines Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad : After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors. Lido Stakers Can Expect Ether Withdrawals \'No Sooner Than Early May\' : Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals. Stablecoin Tether\'s Market Capitalization Nears Record High of $83B : The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum\'s rival, Tron. Japan Approves Web3 White Paper to Promote Industry Growth in the Country : The document proposes more tax reforms, clearer accounting standards and a DAO law. Hidden Inside MacOS, the Bitcoin White Paper : Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides.\nInsights:Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable.\nCoinDesk Market Index (CMI)\n1,221\n−7.6▼0.6%\nBitcoin (BTC)\n$28,067\n+48.4▲0.2%\nEthereum (ETH)\n$1,878\n−20.7▼1.1%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,024\n+2.8▲0.1%\nNikkei 225\n27,472.63\n−340.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,221", "\\u22127.6\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,067", "+48.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,878", "\\u221220.7\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+2.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,472.63", "\\u2212340.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia, here’s a look at how the markets are shaping up this Friday morning.\nBitcoin climbed out of the red as the market shifted from West to East while ether is slightly down.\nThe world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878.\nBrent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think.\nOn a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment.\n“This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.”\nBut the wild card here is interest rates, especially if they continue to rise.\n“There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.”\nNext week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates.\nThat’ll be a good update in the battle of bulls and bears.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+0.3%", "DACS Sector": "Currency"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.5%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}]\nIs Chief Twit Elon Musk Also Top DOGE?\nSo this is how mass adoption happens? Elon Musk, at least at one point the world’s richest man, replaced Twitter’s classic blue bird logo with a sprite of DOGE, the Shiba Inu dog known as much for the meme as the meme coin. Dogecoin spiked something like 40%, and hasn’t yet crashed. I hear there’s excitement brewing that DOGE could pump above the 10 cents threshold, which is proportionately one-tenth as exciting as when the so-calledproletariat investors of the GameStop eraattempted to drive dogecoin, sometimes un-ironically called “the people’s cryptocurrency,” past $1 (it didn’t work).\nDogecoin is apparently spiking because people believe that Elon Musk could soon integrate a permanent dogecoin payment system on Twitter, the microblogging platform he overpaid for ($43 billion). Twitter has several million daily active users, many of them high-profile, and if even just a small percentage begin transacting in DOGE – as a joke or not – it’s not completely irrational to speculate on that translating into a higher price. Mind you, Twitter already has payment/tipping features using the U.S. dollar and the Bitcoin Lightning network. The latter is rarely used, which gives some indication of how frequently the even-less-widely adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used.\nOf course, this is my attempt to ascribe meaning to crypto price moves. Prices are basically the only thing that matter in crypto, but rarely for any reason investors typically rely on when evaluating the expected return of an asset. Instead, crypto prices are almost a perfect reflection of market sentiment – or, to put it in the people’s language, vibe. The coronavirus shutting down the global economy? Bad vibes. Locked-down workers with excess cash turning into slap-happy day traders? Fun vibes. A massive stablecoin experiment crashing and burning? Bad vibes. The collapse of the U.S. banking revealing Bitcoin’s virtues? Apparently good vibes.\nElon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. He apparently got a taste of something he enjoys – power through s**tposting – because he pulled similar moves again and again, each time raising the stakes as the joke grew stale. Heweighed inon a dispute between DOGE traders and crypto exchange Binance. Tesla, his car company, would allowDOGE payments. Musk planned to bring DOGE to space, with aSpaceX satellite launch. Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical news siteProtos.\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC)United States Average Hourly Earnings (MoM/March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Nonfarm Payrolls (March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Unemployment Rate (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Dips Below $1.9K Ahead of \'Shapella\'; Japan Greenlights Bullish Web3 White Paper\nEthereum\'s Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum\'s complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. Runa Digital Assets Chief Operating Officer Max Williams and Umee CEO Brent Xu discussed. Plus, a closer look at Japan\'s new Web3 white paper that laid out recommendations for growing the country\'s industry. And, "The Crypto Lawyer" Irina Heaver shared her insights on the crypto industry in Dubai.\nMagic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad:After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.\nLido Stakers Can Expect Ether Withdrawals \'No Sooner Than Early May\':Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.\nStablecoin Tether\'s Market Capitalization Nears Record High of $83B:The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum\'s rival, Tron.\nJapan Approves Web3 White Paper to Promote Industry Growth in the Country:The document proposes more tax reforms, clearer accounting standards and a DAO law.\nHidden Inside MacOS, the Bitcoin White Paper:Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.', 'Bitcoin moved in a narrow range above the support line at US$28,000 in Friday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies declined. Ether lost ground as the U.S. Treasury said the growth of decentralized finance (DeFi) posed a security risk. U.S. equities closed higher Thursday despite signs of a slowing labor market and a grim global economic outlook report from the International Monetary Fund (IMF).\nSee related article:US Treasury warns DeFi is being used for illicit transfers\n• Bitcoin dipped 0.49% to US$28,041 in the 24 hours to 8:00 a.m. in Hong Kong, edging up 0.04% for the week, according toCoinMarketCapdata. The token moved back into positive territory later in the morning and moved in a tight range.\n• Ether dipped 1.90% to US$1,873, following theU.S. TreasuryDepartment’s statement on Thursday describing DeFi services as a threat to national security. Ethereum is a primary blockchain platform that allows development of decentralized applications in DeFi, where its Ether token is used as the primary means of exchange.\n• Ether, however, is up 4.4% on the week as the blockchain awaits next Wednesday’sShanghai hardfork, also known as Shapella upgrade, which will allow investors to withdraw their staked Ether for the first time.\n• Dogecoin fell 8% to US$0.08542 after Elon Musk switched the Twitter icon back to the traditional blue bird after replacing it with the Dogecoin dog image earlier this week. Still, the meme token is still up 15% on the week.\n• Other tokens followed a similar price pattern, down for Friday but holding gains over seven days. Cardano’s ADA token dipped 2.32% to US$0.3834, but is up 1.85% week-to-date. Polygon’s Matic fell 2.27%, yet is up about 2% higher over the seven days.\n• The total crypto market capitalization dropped 0.84% in the past 24 hours to US$1.18 trillion. Total trading volume in the same period lost 15.64% to US$37.11 billion.\n• In the non-fungible token (NFT) market, theForkast 500NFT index slipped 0.53% to 3,987.19 in the 24 hours to 08:00 a.m. in Hong Kong, losing 0.65% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam.\n• U.S. equities closed little changed to higher on Thursday. The Dow Jones Industrial Average finished flat, the S&P 500 gained 0.36%, and the Nasdaq Composite Index rose 0.76%.\n• The U.S.Labor Departmenton Thursday said the number of Americans filing new claims for unemployment benefits fell to 228,000 in the week ended April 1, but annual revisions to the number showed applications were higher this year than expected, indicating a slowing labor market. This added to concern the U.S. economy may be headed for a recession after a raft of interest rate hikes to curb inflation.\n• This view gained some credence from IMF’s managing directorKristalina Georgievapredicting just 3% growth in the global economy for the next five years, the lowest forecast in two decades.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve rates meeting on May 3, analysts at the CME Group expect a 44.5% chance of a 25 basis-point rise, while 55.5% expect no change, up from 54.2% on Thursday.\n• U.S. stock futures traded lower as of 8:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.12%, S&P 500 futures moved down 0.097% and the Nasdaq-100 futures Index dropped 0.11%. U.S. equity markets are closed Friday in observance of Good Friday.\n• (Updates Dogecoin section with icon switch back to blue bird at Twitter.)\nSee related article:India prioritizes offline CBDC transfers, targets 1 mln users in three months', 'Bitcoin moved in a narrow range above the support line at US$28,000 in Friday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies declined. Ether lost ground as the U.S. Treasury said the growth of decentralized finance (DeFi) posed a security risk. U.S. equities closed higher Thursday despite signs of a slowing labor market and a grim global economic outlook report from the International Monetary Fund (IMF).\nSee related article:US Treasury warns DeFi is being used for illicit transfers\n• Bitcoin dipped 0.49% to US$28,041 in the 24 hours to 8:00 a.m. in Hong Kong, edging up 0.04% for the week, according toCoinMarketCapdata. The token moved back into positive territory later in the morning and moved in a tight range.\n• Ether dipped 1.90% to US$1,873, following theU.S. TreasuryDepartment’s statement on Thursday describing DeFi services as a threat to national security. Ethereum is a primary blockchain platform that allows development of decentralized applications in DeFi, where its Ether token is used as the primary means of exchange.\n• Ether, however, is up 4.4% on the week as the blockchain awaits next Wednesday’sShanghai hardfork, also known as Shapella upgrade, which will allow investors to withdraw their staked Ether for the first time.\n• Dogecoin fell 8% to US$0.08542 after Elon Musk switched the Twitter icon back to the traditional blue bird after replacing it with the Dogecoin dog image earlier this week. Still, the meme token is still up 15% on the week.\n• Other tokens followed a similar price pattern, down for Friday but holding gains over seven days. Cardano’s ADA token dipped 2.32% to US$0.3834, but is up 1.85% week-to-date. Polygon’s Matic fell 2.27%, yet is up about 2% higher over the seven days.\n• The total crypto market capitalization dropped 0.84% in the past 24 hours to US$1.18 trillion. Total trading volume in the same period lost 15.64% to US$37.11 billion.\n• In the non-fungible token (NFT) market, theForkast 500NFT index slipped 0.53% to 3,987.19 in the 24 hours to 08:00 a.m. in Hong Kong, losing 0.65% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam.\n• U.S. equities closed little changed to higher on Thursday. The Dow Jones Industrial Average finished flat, the S&P 500 gained 0.36%, and the Nasdaq Composite Index rose 0.76%.\n• The U.S.Labor Departmenton Thursday said the number of Americans filing new claims for unemployment benefits fell to 228,000 in the week ended April 1, but annual revisions to the number showed applications were higher this year than expected, indicating a slowing labor market. This added to concern the U.S. economy may be headed for a recession after a raft of interest rate hikes to curb inflation.\n• This view gained some credence from IMF’s managing directorKristalina Georgievapredicting just 3% growth in the global economy for the next five years, the lowest forecast in two decades.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve rates meeting on May 3, analysts at the CME Group expect a 44.5% chance of a 25 basis-point rise, while 55.5% expect no change, up from 54.2% on Thursday.\n• U.S. stock futures traded lower as of 8:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.12%, S&P 500 futures moved down 0.097% and the Nasdaq-100 futures Index dropped 0.11%. U.S. equity markets are closed Friday in observance of Good Friday.\n• (Updates Dogecoin section with icon switch back to blue bird at Twitter.)\nSee related article:India prioritizes offline CBDC transfers, targets 1 mln users in three months', 'Bitcoin moved in a narrow range above the support line at US$28,000 in Friday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies declined. Ether lost ground as the U.S. Treasury said the growth of decentralized finance (DeFi) posed a security risk. U.S. equities closed higher Thursday despite signs of a slowing labor market and a grim global economic outlook report from the International Monetary Fund (IMF). See related article: US Treasury warns DeFi is being used for illicit transfers Fast facts Bitcoin dipped 0.49% to US$28,041 in the 24 hours to 8:00 a.m. in Hong Kong, edging up 0.04% for the week, according to CoinMarketCap data. The token moved back into positive territory later in the morning and moved in a tight range. Ether dipped 1.90% to US$1,873, following the U.S. Treasury Department\x92s statement on Thursday describing DeFi services as a threat to national security. Ethereum is a primary blockchain platform that allows development of decentralized applications in DeFi, where its Ether token is used as the primary means of exchange. Ether, however, is up 4.4% on the week as the blockchain awaits next Wednesday\x92s Shanghai hardfork , also known as Shapella upgrade, which will allow investors to withdraw their staked Ether for the first time. Dogecoin fell 8% to US$0.08542 after Elon Musk switched the Twitter icon back to the traditional blue bird after replacing it with the Dogecoin dog image earlier this week. Still, the meme token is still up 15% on the week. Other tokens followed a similar price pattern, down for Friday but holding gains over seven days. Cardano\x92s ADA token dipped 2.32% to US$0.3834, but is up 1.85% week-to-date. Polygon\x92s Matic fell 2.27%, yet is up about 2% higher over the seven days. The total crypto market capitalization dropped 0.84% in the past 24 hours to US$1.18 trillion. Total trading volume in the same period lost 15.64% to US$37.11 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index slipped 0.53% to 3,987.19 in the 24 hours to 08:00 a.m. in Hong Kong, losing 0.65% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam. U.S. equities closed little changed to higher on Thursday. The Dow Jones Industrial Average finished flat, the S&P 500 gained 0.36%, and the Nasdaq Composite Index rose 0.76%. The U.S. Labor Department on Thursday said the number of Americans filing new claims for unemployment benefits fell to 228,000 in the week ended April 1, but annual revisions to the number showed applications were higher this year than expected, indicating a slowing labor market. This added to concern the U.S. economy may be headed for a recession after a raft of interest rate hikes to curb inflation. This view gained some credence from IMF\x92s managing director Kristalina Georgieva predicting just 3% growth in the global economy for the next five years, the lowest forecast in two decades. U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve rates meeting on May 3, analysts at the CME Group expect a 44.5% chance of a 25 basis-point rise, while 55.5% expect no change, up from 54.2% on Thursday. U.S. stock futures traded lower as of 8:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.12%, S&P 500 futures moved down 0.097% and the Nasdaq-100 futures Index dropped 0.11%. U.S. equity markets are closed Friday in observance of Good Friday. (Updates Dogecoin section with icon switch back to blue bird at Twitter.) See related article: India prioritizes offline CBDC transfers, targets 1 mln users in three months', "RocketFuel Blockchain, Inc. (PNK: RKFL ) Q3 2022 Earnings Call Transcript April 4, 2023 Ben Yankowitz: Well, hello, everybody. We'll made another minute or two for everybody to join. But in the meantime, let me introduce Peter Jensen, who is our CEO and our great leader and he's going to walk you through some of the updates now that we've filed our 10-Q for the quarter that ended December 31, we're able to bring you up to the minute information on our company. Peter Jensen: All right. Thank you, Ben, and welcome, everyone. I see some of you are dialing in, some of you are attending via Zoom, so you can see my screen. But this session is being recorded and so you will be able to go in and see the entire presentation after in case you want to see some of the slides, which you cannot see through the phone. With us today, we also have Arvind Verma, who is our VP of Products based also here in San Francisco together with me. Ben is in Los Angeles. So I will get this going, I'm going to share my screen here. Show you a few slides and then we do Q&A. So can you see it okay now, Ben, does it look okay? Ben Yankowitz: Yes, I can see it finer. Peter Jensen: Great. Thank you. Alrighty, so Just a quick reminder, I mean, we're doing this once in a while and most of you we've spoken to before. There's always a few people, who we've not spoken to, so I always at a very high level remind people of what it is we're doing, little bit about the status of the company, some of our commercial traction and then a few comments and then we do Q&A. So let me go through that and just remind you what it is we're trying to do here. We have built the foundation for a brand new way of exchanging money between companies and people. And is that foundation based on modern blockchain technology and cryptocurrencies for some of our products that we are building products on top of. And you'll see how we are evolving from having one product to having several products built on the same foundation and all of them are generating revenue for us. Story continues So the idea is that anyone can send payments to anyone else, whether it's business or private people, irrespective of the currency, whether it's a cryptocurrency or fiat currency, we don't care and we'll handle that in a way that's much more efficient and more secure and less expensive than the current payment rails out there. So as we've talked about before, our strategy is to keep adding new functionality, new products, new revenue sources. Basically, of course, we're always looking for new customers, but we also want to go back to our existing customers and sell them more and we'll talk about how we've been successfully doing that. So as you know, we've started out with our e-commerce product, that's the product that allows people to or merchants to accept payment with crypto or ACH bank transfer, that was our first product. We went live with it 10 months ago. And then we've been talking about how we've been testing our B2B cross-border product that allows our customers to move larger amounts primarily between countries, but some of them also use it to move money within the country. Just because the existing bank payment rails are complicated. They are not reliable. They're expensive. And we hear more and more people when they via money from one country to another using the switch system, it gets stuck, people ask questions and it's just complicated. And then we recently announced in March our new payouts product. Again, this is a result of working with our large customers, we constantly learn about their pain points and they have many and we decide to team up with them to solve some of them, and that's the third revenue stream. And I'm -- you'll be seeing how we are generating revenue from all of these revenue streams and there is more to come, so that's our strategy. I think I mentioned it here. The product, so I don't want to talk more about that. I see there's a typo here payout should be Q1 2023. But yes, you get the idea here constantly adding value, building the value with our customers. And we have a lot of existing customers, who start out with our e-commerce product and then they expand into our other products as well. And it is much cheaper and more efficient to sell more to the existing customers instead of going out, finding new customers not that we also -- not that we're not looking for new customers, but it works pretty well. So let's talk a little bit about where we are. We announced our calendar Q4, I always referred to calendar quarters, which is the October, November, December 2022. And the revenue grew and we saw quite a big uptick in transactions, number of transactions, 14 times, I think we had preannounced 13 times and we met that. We now have several enterprise customers that have more than $1 billion in revenue. And the reason I mentioned that is just that it's an adjustment to our -- the quality of our product, the breadth of our product, the stability of our product. There are a lot of functions that you need to build to support large enterprise customers, it's not just that nice little front-end of how you can pay with crypto. It's the holdback and how does their support team supported? How can they create refunds for their customers? Bitcoin, mining Photo by bitcoin executium on Unsplash How do they analyze, if you're a big partner like ACI? How many -- how much revenue across all your merchants and so on. So there's a lot of additional functionality behind the scenes that is required to support these large enterprise customers. And then we've talked about this for a while. We have been testing our B2B cross-border product with a few customers and we continue to do that in Q4. So that was basically the calendar Q4. Now we also preannounced the first calendar quarter of 2023 and are happy to announce that our revenue continues to increase. This when we make the final announcement, you'll see the actual number. But in terms of book revenue, we expect it to be six figures i.e., more than $100,000, which will represent approximately 2.5 times our previous quarter revenue, so that's a good growth quarter-over-quarter, if we can keep that up, that will be great. We also closed our first six figure enterprise deal, so one customer, they signed a large contract with us that included an upfront payment of at least more than $100,000. And what's really nice is that these large customers that get on board they're very happy with us. They -- we have super happy customers, we tell all potential investors, if you want to talk to our customers, go talk to them. Not that there aren't problems here and there, we're talking about software and technology, but overall when you talk to them, they really like our technology and the way we work with them. And then we also announced the payout product. The payout product is the product that allows us or our merchants to payout large amounts of money to -- and small amounts of money to a large number of their customers. So what could an example of that be? It could be the gig economy where you have a lot of these websites where people offer all sorts of services and these people all around the world. And the website and the company our merchant would be the one that collects all the revenue and then they have to pay out $100, $1,000, $500 to all these people, and they're all over the world, somewhere in Philippines, some are in India, some are in Ukraine, some are in Texas, and so on. And sending $500, $200, $1,000 here and there is just not very efficient through the banking system and it takes time. And it generates a lot of support calls for them. And so more and more of their customers are saying, can you just send it to me in crypto, maybe a stable coin, so I don't run any volatility risk? And do they have the money in a minute or two or three as opposed to all the other stuff. And it doesn't have to go through bank systems and all of that, that can delay it. So that is a -- something we're expecting a lot from. I mentioned the gig economy, others are the gambling websites where you bid $100 on a football match and you win and maybe the company used to send you back $200, well, again, these people can be all over the world. These are big billion dollar businesses that need to distribute a lot of money to a lot of people in an efficient way and this is where exactly blockchain technology is super, super good. So we announced the product and we already closed some deals with this product and we do see a big demand for this product. It's -- we just talked to a lot of people in the industry, we were at a conference over in Lisbon, but even February or March, and we count at least 10 customers, who wanted this. I met personally with one of our larger existing customers in New York a couple of weeks ago and they want to use this as well. So there's great demand for that. We expect a lot from that product. And just one comment in our first quarter of 2023, these two new products that we have rolled out both the B2B product and the payout product in Q1 generated as much or more than our original e-commerce product, which means that we now have three strong revenue pillars, we're less dependent on one product. We have a diversified revenue portfolio and of course, the more products you have, the more problems you solve, the more revenue you can generate. So -- and then, of course, we continue to rollout our e-commerce products to more and more merchants out there and their transaction A size and number of transactions increased to grow. So we expect all of these products to continue to grow in the foreseeable future. So that was that. Yes, so looking ahead, it's always dangerous, but we feel really good about the continued growth here. We did as I said, more than $100,000 this quarter, and as I mentioned, we expect the growth to continue in all three revenue segments. And we do expect to introduce at least one more, so we have four different revenue sources and products. So we'll see how that goes this quarter. But if everything goes well, then we will also see revenue from them. Then we will have four revenue sources that keep growing. We expect -- we have some very interesting projects going on in some of the night clubs around the world. The high-end night clubs that allow their customers to book a $20,000 table with drinks and all of that. There are more and more international tourists that want to pay with crypto. And they see a big demand in that, and so we'll see where that goes. My objective is to generate $1 million at least in our fiscal 2023, that is our objective and we'll see how it goes. But if we can keep the growth I have listed some objective here on the right hand side, and if we can keep growing between 50% and 100% quarter-over-quarter, we can also reach $1 million. There are a lot of good things that need to happen in order for that to happen, but it's definitely possible. We see the need in the market, we just need to execute. So a couple of other comments. Yes, I wanted to just remind everyone that we are a payment infrastructure company. In Q4, Q4 was a little -- calendar Q4 was a little tough for us. December with FTX affecting the market and just generally, as you all know, the stock market was down and there was not a lot of activity in terms of investments and everyone was just holding off that luckily has changed and we see it pick up again. It helps that the cryptocurrencies are growing. In fact, we -- where FTX was -- has nothing to do with crypto, it's just illegal activity that could have happened just like it did with and others, we have seen some positive impact from the SVB Silicon Valley Bank problems unfortunately, I would say, I'd wish they were not in that situation, but what it has meant for the crypto industry is that people are realizing that just because you have money in the bank, it doesn't mean you can't lose money. And more and more people are like, well, hang a minute, if I had owned -- if I own cryptocurrency on my computer on my phone, I'm not dependent on an authority party, and whether they survive or not, I always have my currencies. And this is so nice to see that people are finally starting to get it that if you cut out the intermediaries and imagine when we have our central bank digital coin or digital dollar, digital euro. If you have $1 million backed by the U.S. Government or the European Union, you have zero volatility risk and unless the country goes bankrupt, your money is safe, you're not dependent on whether the bank survives or whether what the limit is and so on. So it's really good for us. So just reminding everyone that we are a payment infrastructure company. We do not own crypto. We do not own crypto. And we are not impacted by crypto volatility. We basically -- we're like Visa and Mastercard, but for modern payment solutions where we charge a percentage of the money that we process. And of course, it's less expensive than the existing rails that doesn't mean we'll make less money, because the new rails are more secure, more efficient, so we're able to offer a better service to our customers at a cheaper rate with more security and still making good money. And then the last thing is, many of you investors, they -- you compare us to others and you should. We feel that, that we have an attractive valuation right now, especially with the growth we're seeing. I also want to remind you that sometimes when you compare us to other companies, they talk about the annual recurring revenue ARR. And we don't -- we talk about how much revenue we actually book. We do -- we are starting to look at what our ARR numbers are, but it's been a little up and down here in the beginning just because we're starting off with a small base. But over time, we may start reporting that. But our ARR is looking really good, especially compared to our valuation. So we of course believe we are an attractive investment. But what else would you expect to hear from me? So that's all I wanted to share right now. Ben, do you have any comments, things I have forgotten or things I should talk about? Ben Yankowitz: No, I don't think so. Happy to take questions on the financial results? See also 15 Most Powerful Countries in Asia in 2023 and Cathie Wood’s Stock Portfolio: 2023 Stock Picks . To continue reading the Q&A session, please click here .", 'Reuters / Brendan McDermid US stocks traded mixed on Thursday, ending a short week as investors looked to the key March jobs report. The market took stock of weakening jobs data this week in the form of private payrolls and jobless claims. The Fed has cited a tight labor market as a reason why rates may need to stay higher for longer. US stocks ticked higher on Thursday as investors waited for the key March jobs report to be released on Friday. Stocks moved lower in early morning trading, but began to bounce back mid-day, with the S&P 500 and the tech-heavy Nasdaq Composite seesawing into the green. Investors took stock of payroll data from ADP, which showed 145,000 jobs added last month, below estimates of 210,000. Meanwhile, weekly jobless claims rose in the last week and job openings dipping below 10 million in February for the first time in nearly two years. A softening labor market is a signal the Federal Reserve is watching for to know if its year of interest rate hikes is being felt in the real economy. Markets are pricing in 50-50 odds that the Fed will either pause interest rate increases or issue another 25 basis-point rate rise at their next policy meeting on May 2-3, according to the CME FedWatch Tool . Here\'s where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday: S&P 500 : 4,105.02, up 0.36% Dow Jones Industrial Average : 33,485.29, up 0.01% (2.57 points) Nasdaq Composite : 12,087.96, up 0.76% Here\'s what else is going on: The US housing market could see a 2008-style correction , "Big Short" investor Dave Burt said. Stocks are set to rally in the second half of the year , as it "makes no sense" to assume prices have peaked, a BMO strategist said. Investors should brace for the biggest drop in corporate profits since the pandemic, Goldman Sachs warned.
**Last 60 Days of Bitcoin's Closing Prices:**
[22760.11, 23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-07
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,023,398,062
- Hash Rate: 338032942.1664877
- Transaction Count: 355031.0
- Unique Addresses: 739977.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Tokenized gold assets surpassed $1 billion in combined market capitalization on Tuesday, according todataby crypto price tracker CoinGecko, as gold’s price neared its all-time high.
Tokenizedgold is a type ofstablecointhat pegs its price to gold, while the tokens on the blockchain represent ownership of physical gold managed by the issuer. It offers investors a way to get exposure to the precious metal without the management fees of an exchange-traded fund (ETF) or the burden of storing gold bullions.
The two largest gold stablecoins – by far – arepax gold(PAXG), issued by the New York-based fintech firmPaxosTrust Company, andtether gold(XAUT), issued byTether, the same company behind the $80 billion-pegged stablecoinUSDT. At the time of publication time, the market cap of PAXG and XAUT is $518 million and $499 million, respectively, per CoinGecko data.
The price of gold, a traditional safe-haven asset, has risen since March amid investor concerns aboutflailing banksand a possible government bailout, which would lead to expanding fiat money supply and currency devaluation. Themetalwas trading at $2,021 per ounce on Tuesday, just some 3% off its all-time highrecordedin August 2020.
Bitcoin (BTC), which is often calleddigital golddue its program-coded supply cap, has rallied to as high as $29,000 from $20,000 in tandem with gold’s surge. BTC’s correlation with gold hit a multi-year high last week, surpassing equities, digital asset market research firm KaikoreportedMonday.
Read more:Bitcoin Is a Clear Winner of the U.S. Banking Crisis...
- Reddit Posts (Sample): [['u/z0uNdz', 'What if the next bull cycle is a let down', 20, '2023-04-07 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/', 'This isn’t a popular opinion, but the reality is the next bull after the halving may not be a blow off top.\n\nThink about it, each cycle usually coincides about 10-16 months after the btc halving. Why is that? It’s because mining btc gets more scarce every cycle, so demand generally increases.\n\nNow lets say, 2024 comes, we are still crabbing, and the next 12 months go by and we just continue to crab? There needs to be some sort of catalyst or available money from the masses to spark a bull cycle.\n\nWith current global conditions it may not be as hyped as everyone is expecting. We may still be facing record high inflation, be in a recession, facing mass layoffs, be involved in multiple wars, and have horrible regulation being passed by scared governments.\n\nThese are all possibilities that could derail or flat out eliminate a bull cycle. I hope it doesn’t happen, but we should temper expectations. And it very well could just take one of these events to flip, for good news to set in and that could be the catalyst. I hope we see that glorious green, but we should still take profits when we can.', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/', '12e0hf7', [['u/Consistent_Many_1858', 11, '2023-04-07 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8v8jk/', "If i don't take profits then it will be a let down for me. Just like the previous one was.", '12e0hf7'], ['u/unitys2011', 32, '2023-04-07 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8vcng/', 'Not a problem for Diamond Hands veterans', '12e0hf7'], ['u/Socialinfluencing', 12, '2023-04-07 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8vcoj/', "You can't only have bear markets, logic and reason eventually prevails. At some stage a bullrun will occur. People acting like we're in 1929 just before the great depression are likely as wrong as those that think everything is just fine.", '12e0hf7'], ['u/Hardbreachx', 11, '2023-04-07 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8w3kc/', "I have a trade wallet that shifts value, and a hardware wallet I don't plan to touch until 2035.", '12e0hf7']]], ['u/bmfalbo', 'Dr. Eric W. Davis, Ph.D, on Crash Retrievals and Special Access Programs in one of his last public interviews before his media embargo to maintain security clearances.', 146, '2023-04-07 02:17', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/', 'Full interview with OpenMindsTV: https://youtu.be/IeyBTChcTe4\n\n(Great interview overall, I would recommend checking it out!)\n\nFurthermore, here is the the clip from this interview I want to highlight and transcribed below: https://youtu.be/k2gjPRv4E7s \n\nTranscript of Dr. Eric W Davis on Crash Retrievals and Special Access Programs:\n\n"Yeah, we were working as subcontractors to Bigelow Aerospace\'s Advanced Based Studies who had the contract to the Defense Intelligence Agency (DIA).\n\nSo, uh yeah, **there have been crashes, uh, the superpowers on the Earth have had their share of crashes and they have recovered the vehicles from their crashes** so, uh, that\'s why shockingly I agree that even though these things behave like a conscious psychic entity, they do have a advanced technology, they have hardware and uh there\'s a craft and there\'s occupants or UFO-nauts and he (Jacque Vallee) calls them that, shockingly calls them these euphemisms, so there\'s uh UFO-nauts running these craft.\n\nUh, the point is that, uh, that the way these things are operating they go way outside the envelope of our engineering and physics technologies and uh I can guarantee you that no laws of physics are broken whatsoever, it is just that it\'s either the existing ones that we have but we haven\'t, uh, extrapolated it further enough or expanded it enough into realms or say areas of phase space where we could discover new solutions to these existing physical laws which would give us advanced propulsion and power that would produce this type of technology once you have an engineering and manufacturing technology to create these things so that\'s where we\'re at and these things don\'t look like anything that we can manufacture on Earth.\n\nSo, we don\'t have the manufacturing or industrial technology for it or the likes, for example. That\'s what the 38 papers that the DIA wanted in their taskforce with their bigger Aerospace Advanced Space Studies contract was to take the physics and engineering of 2009 and 2010 and have it extrapolated to 2050. \n\nAre we going to be able to have the physics and engineering and the technology industrial base that\'ll produce a vehicle that\'ll match the Tic-Tacs and on the flip side of that, boy, that would be wonderful if we could get there because commercially it would revolutionize transportation and energy on the Earth and **the interesting thing is today there\'s a big move away from Special Access Programs.**\n\nThey\'re extremely costly to maintain. Extremely Costly. Let me tell you this, uh, the cost to maintain information personnel and physical security for a special access program can be tens of times larger than the cost of the program itself.\n\nThe purpose of a black program with the special access program security rep is you\'ve got to limit the information and exposure to the information to as few people as possible in order to produce the maximum security protection against espionage by the enemy."', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/', '12e37n1', [['u/PoopDig', 57, '2023-04-07 02:19', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf995qg/', 'I see Eric Davis. I upvote', '12e37n1'], ['u/Praxistor', 26, '2023-04-07 02:24', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf99rvk/', 'I see PoopDig see Eric Davis. I upvote', '12e37n1'], ['u/bmfalbo', 19, '2023-04-07 02:43', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9cbro/', "I don't want to even imagine where we would be today without him.", '12e37n1'], ['u/PoopDig', 18, '2023-04-07 02:47', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9cy0z/', 'The day we hear from him again is going to be nuts', '12e37n1'], ['u/im_da_nice_guy', 14, '2023-04-07 03:18', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9guj3/', 'Dr. Davis is the man. He is our last, best, hope. Godspeed Dr. Davis. May you bring down the whole fucking thing.', '12e37n1']]], ['u/rayku22', '[CUSA34388] God of War Ragnarok Update v4.00 + DLC Fully Backported', 86, '2023-04-07 03:59', 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/', "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\n\nCredits to Fugazi for the DLC! Special thanks to Jocover and Opoisso for the help!\n\nNotes: 5.05 / 6.72 / 7.02 / 7.50 / 9.00 Backport! Phew what a pain in my ass! Turns out the location where jocover wrote me the code in last time was causing issues on this update, this was driving me crazy! I figured it out by checking that the only difference between my version and opoisso's and so i fixed it that way! All CUSA of the same region uses the same DLC!", 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/', '12e5w89', [['u/Old-Anything3060', 12, '2023-04-07 08:20', 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/jfad23n/', 'Please add cusa34384', '12e5w89']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 07, 2023', 31, '2023-04-07 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/', '12e90xy', [['u/DarthVarn', 21, '2023-04-07 06:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfa5x18/', 'Might as well go out and have a life for the next four days.', '12e90xy'], ['u/de_moon', 11, '2023-04-07 07:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfaaf85/', "With everything going on lately, I'm just glad all the major stablecoins are still pegged correctly.\n\nUSDC and USDT are still pegged to $1.\n\nBTC is still pegged to $28k.\n\nI feel like a storm is a-brewin and we're soon going to lose another one of our pegs.", '12e90xy'], ['u/MadeThisJustForLWIAY', 14, '2023-04-07 09:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfagct7/', 'Crab peepol craaab peepol', '12e90xy'], ['u/Essexal', 10, '2023-04-07 10:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfanr9h/', 'Fails to go over 29 again, fails to hold 28, bank holiday weekend in UK.\n\nThe most obvious direction is down. \n\nDoes BTC do the obvious? :-)\n\nI have a line drawn at 27.6, if that falls things might get interesting. Flip side 28.2 goes with everyone short and the fireworks will begin.', '12e90xy'], ['u/[deleted]', 21, '2023-04-07 17:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfbssxo/', 'OK there is a hilarious CC troll article: Solana hits huge milestone: 40 days of continuous uptime. Its honestly hilarious how completely trash that project is.', '12e90xy'], ['u/xixi2', 10, '2023-04-07 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfcokhz/', "Tell everyone on Jan 1 that by April you'd be glued to 28,000 most people would have taken it", '12e90xy'], ['u/jarederaj', 29, '2023-04-07 21:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfcsd8g/', '## MoonMath Update: The Un-Butt-Fuckening\nhttps://www.reddit.com/r/BitcoinMarkets/comments/12ew18m/moonmath_update_the_unbuttfuening/?\n\nCalm yourself in the wake of the fake(out) and think big picture.\n\n* Bull Case\n* No, I really mean BULL CASE\n* Recent Projection Performance\n* So easy to predict\n* Double your money is for suckers\n\nhttps://www.moonmath.win/', '12e90xy'], ['u/xtal_00', 10, '2023-04-07 21:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/jfcutt0/', 'Into my veins', '12e90xy']]], ['u/Dickie_Mint', 'Energy', 34, '2023-04-07 07:17', 'https://www.reddit.com/r/Bitcoin/comments/12eaubx/energy/', "OK, I'm on holiday in NYC. I'm a rural brit, a bitcoiner and have been subbed for a long time. I've seen the energy concerns come from the media since I've been in bitcoin. Since coming to the USA it astounds me the argument against btc energy usage. I've just been in times square, as beautiful as it is must consume VAST amounts of energy for those screens. My hotel is opposite an office block(one of thousands). All lights left on. A common thing across cities. I'm just amazed how they can argue btc mining when there is just so much energy waste out there. It's really sad.", 'https://www.reddit.com/r/Bitcoin/comments/12eaubx/energy/', '12eaubx', [['u/general010', 33, '2023-04-07 08:28', 'https://www.reddit.com/r/Bitcoin/comments/12eaubx/energy/jfadmrz/', 'They fly jets over football games', '12eaubx']]], ['u/rBitcoinMod', 'Daily Discussion, April 07, 2023', 35, '2023-04-07 08:02', 'https://www.reddit.com/r/Bitcoin/comments/12ebqyp/daily_discussion_april_07_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12dc0vc/lightning_thursday_april_06_2023_explore_the/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12ebqyp/daily_discussion_april_07_2023/', '12ebqyp', [['u/Realistic-Jelly8133', 10, '2023-04-07 10:20', 'https://www.reddit.com/r/Bitcoin/comments/12ebqyp/daily_discussion_april_07_2023/jfalwkj/', 'If history is any guide, maybe. Also, maybe not.', '12ebqyp'], ['u/HurricaneHarvey7', 10, '2023-04-07 18:36', 'https://www.reddit.com/r/Bitcoin/comments/12ebqyp/daily_discussion_april_07_2023/jfc3ybz/', "Remember to ignore the haters. No matter how long in Bitcoin you are, there will always be someone with an opinion. It's like having an opinion on TCP/IP - it doesn't matter.\n\nPeople just freak out because they've never seen a protocol that involves money and automatically assume it's a scam.", '12ebqyp']]], ['u/MassiveOpposite8582', 'Deep analysis of this shitty manga called Jujutsu Kaisen', 69, '2023-04-07 08:22', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/', "This manga is so bad that even your fat mama will start jumping and barking on seeing it .\nNah like fr , I see so many shitty things in this manga , Like why did Jump Authorize it in the first place. Although I do appreciate the mangaka for drawing hot daddy milf material characters, and I also like the underag- . Nevermind, let's talk about the problems in it \n\nThe MC : The main character is so bad ,like he never gets any bullshit powerup out of his ass, that Megumi with a dead girlfriend is a 100 times better than this boring ass Itadori Btch . Holy fk , every Isekai mc are better than him.\n\nThe Antagonists : The antagonists are so bad , they're just walking evil with no character depth, all they do is curse curse curse , And this word curse is so fkng annoying, like everything has to start with the word curse : Cursed technique, cursed energy, cursed corpse , cursed speech , cursed object \nAlthough I do appreciate one villain, the villain with a pussy domain was the best , he understood the role of women and men in life, he deeply understood that women are nothing more than Birthing machines and servants for men. But that Btch Maki killed him , twice.\n\nSide cast : Most of the side cast are just carbon copy of characters from HxH and Naruto, Megumi is Sasuke, Nobara is Sakura , Gojo is Kakashi, Maki is Rock lee , Itadori is Gon, Maki is Itachi , Kenjaku is Aizen , Sukuna is Kurama . I don't think I need to list more of them \n\nThe story : the story is absolutely dogshit , there's no depth to it . Just a carbon copy of Naruto and Bleach mixed in it .The story is fumbling so bad that I can't even predict where it's gonna go from on here", 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/', '12ec35a', [['u/Significant-Ad-1655', 45, '2023-04-07 09:14', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/jfah52n/', 'Good shitpost, and I gotta admit man truer words have never been spoken, specially that Naoya point, God rest his soul. \n\nHe was a legend that was just misunderstood 🙌', '12ec35a'], ['u/Lgbr167', 40, '2023-04-07 09:19', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/jfahk3z/', 'This that “valid criticism” we’ve been hearing about', '12ec35a'], ['u/PirateKingMonkeyD', 54, '2023-04-07 09:24', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/jfahv53/', 'This is truly the analysis of the century!! 🔥', '12ec35a'], ['u/calculushater665', 17, '2023-04-07 09:46', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/jfajgh4/', 'valid criticism tbh', '12ec35a'], ['u/suzaku0', 15, '2023-04-07 10:54', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/jfao793/', 'The worst thing is that after reading this shite i crave manly mans with muscular muscles. Like FR Todo pls choke me with your asschecks or daddy fushiguro reincarnate in me so i would become a first class chad like literally him from the current manlet that i am with 5^13 inches', '12ec35a'], ['u/OneBoopMan', 10, '2023-04-07 13:20', 'https://www.reddit.com/r/Jujutsufolk/comments/12ec35a/deep_analysis_of_this_shitty_manga_called_jujutsu/jfayzam/', 'Gaygay should just quit making battle shonen forever and make idol manga fr fr', '12ec35a']]], ['u/Creative_Library_752', 'Bitcoin Wrapped On Dexie', 31, '2023-04-07 10:55', 'https://www.reddit.com/r/chia/comments/12eerxl/bitcoin_wrapped_on_dexie/', 'Looks like Stablys Wrapped Bitcoin is coming to Chia\n\nhttps://dexie.space/offers/BTCS/XCH', 'https://www.reddit.com/r/chia/comments/12eerxl/bitcoin_wrapped_on_dexie/', '12eerxl', [['u/Sandboxer1', 15, '2023-04-07 11:39', 'https://www.reddit.com/r/chia/comments/12eerxl/bitcoin_wrapped_on_dexie/jfarbls/', 'There\'s actually an entire swap exchange being worked on that uses Chia instead of Eth called Tibetswap. " [GitHub - Yakuhito/tibet: TibetSwap v1, a.k.a. yakSwap](https://github.com/Yakuhito/tibet) " Chia wrapped bitcoin combined with a decent swap system will really be a boost to the Chia ecosphere.', '12eerxl']]], ['u/MissAil', 'Bch real life adoption', 37, '2023-04-07 11:05', 'https://www.reddit.com/r/btc/comments/12eeya2/bch_real_life_adoption/', "Bch price is so low due smartbch fiasco and mark lamb scamming and betraying bch community.\n\nBch works best and having best merchant adoption. Crypto cartel don't like bch! They like high fee/slow network like btc and eth. We have to focus on real life and stop wasting more time.\n\nWhat is happening in real life adoption for bch other than onboarding more merchants ? Is caribbean still making bch legal tender?", 'https://www.reddit.com/r/btc/comments/12eeya2/bch_real_life_adoption/', '12eeya2', [['u/IntellectualFailure', 14, '2023-04-07 13:59', 'https://www.reddit.com/r/btc/comments/12eeya2/bch_real_life_adoption/jfb2pjo/', 'BCH has been naked shorted and manipulated by major exchanges, the smartbch fiasko is not significant at all in the grand scheme of things.\n\n> Is caribbean still making bch legal tender?\n\nThe PM who advocated for that got bribed by the scammers behind tron to promote that instead of BCH. He is under investigation currently for corruption AFAIK.', '12eeya2']]], ['u/Brojinacus', 'I was told you guys might enjoy this, Fednow and digital dollar', 116, '2023-04-07 11:08', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/', '\nI recently came into awareness of the FedNow program, and it led me down a rabbit hole. There\'s something going on in the US Treasury. I can\'t quite put it to words, but we need more eyes on this. \n\nRecently, the federal debt clock changed it\'s calculation from "federal reserve dollars" to "US Treasury dollars". That\'s a small but significant shift in wording. Usdebtclock.org gets it\'s api info directly from the US Treasury. \n\nThere has also been a global exit from the US dollar as a global reserve currency. I think that\'s because the actual US dollar is changing definitions right under our noses. \n\nTry to follow:\n\nThe federal reserve controls paper money. Congress controls the federal reserve. \n\nThe US Treasury is rolling out FedNow, which is going to incorporate a digital dollar. This will render the federal reserve useless and greatly affect congresses ability to affect monetary policy. \n\n\nSecretary yellen made announcements on March 28 and March 30 hinting at a solution to the United States financial problems. \n\nOn April 6th the US Treasury announced a strategic operating plan. Page 80 is particularly interesting. \n\nBiden also issued funds to the IRS for new hires. \n\nI think Fednow is that proposed solution, and the IRS will run Fednow and roll out the United States digital dollar through it. And they will be able to view all of our finances, and halt purchases in an instant. For any reason. \n\n\nEdit: I also found an interesting document from the US Treasury titled "Description of extraordinary measures". I think line item 1.B. is important \n\nOne time measure available last day of June. It looks like the Treasury can pull 143 billion from federal reserve pensions and reinvest it. I may not understand that correctly, but it lines up with Fednow launching in july. Link below\n\n\nLinks below\n\nMarch 28:\n\nhttps://home.treasury.gov/news/featured-stories/remarks-by-secretary-janet-l-yellen-on-anti-corruption-as-a-cornerstone-of-a-fair-accountable-and-democratic-economy-at-the-summit-for-democracy\n\n\nMarch 30:\n\nhttps://home.treasury.gov/news/featured-stories/remarks-by-secretary-of-the-treasury-janet-l-yellen-at-the-national-association-for-business-economics-39th-annual-economic-policy-conference\n\n\nApril 6:\n\nhttps://home.treasury.gov/news/featured-stories/treasury-irs-release-plan-to-deliver-improved-service-for-americans-reduce-deficit-by-hundreds-of-billions\n\n\nUs Treasury strategic plan, read objective 4 on page 80:\n\n\nhttps://www.irs.gov/pub/irs-pdf/p3744.pdf\n\nUs Treasury "extraordinary measures"\n\nhttps://home.treasury.gov/system/files/136/Description_Extraordinary_Measures-2023_01_19.pdf', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/', '12ef0an', [['u/PositiveAssistant887', 13, '2023-04-07 11:34', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/jfaqy50/', 'The old system is bankrupt. Anyone who got a paper stimulus check during the plandemic can verify they were signed by Vera S. Robinson. I saved them just for that reason.', '12ef0an'], ['u/Dirty-Dan24', 28, '2023-04-07 12:53', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/jfawqpw/', 'Congress doesn’t run the Fed, it’s the other way around. CBDC will make central banks much more powerful', '12ef0an'], ['u/Jimmy_Crack_CornIDC', 15, '2023-04-07 15:34', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/jfbdfnz/', 'This will end individual freedom in the US. You will be tracked and controlled by your funds. "Bad behavior" will be rewarded by locked funds of fund deductions.', '12ef0an'], ['u/Bobby_Sunday96', 17, '2023-04-07 16:37', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/jfbm5oh/', 'How have Americans become so indifferent to ever increasing government control. I thought the whole American idea was based on individual freedom', '12ef0an'], ['u/Brucifer99', 13, '2023-04-07 18:10', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/jfbzzlq/', 'Congress does not control the Federal reserve. It’s name is a misnomer. It’s not part of the federal government in any way. They call it that so people assume it is. \n\nThe federal reserve is owned and controlled by foreigners.', '12ef0an'], ['u/song-of-bombadil', 15, '2023-04-07 18:31', 'https://www.reddit.com/r/conspiracy/comments/12ef0an/i_was_told_you_guys_might_enjoy_this_fednow_and/jfc36c2/', "the federal reserve is as 'federal' as federal express, and there is no reserve btw", '12ef0an']]], ['u/Socialinfluencing', 'Never forget what Robinhood did during the last bullrun, a warning to new people just learning about crypto.', 3836, '2023-04-07 12:52', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/', "First up, Robinhood is a regulated trading platform that also includes crypto, it is fully regulated under US laws by the SEC. Yes, that SEC. During the bullrun of 2021 when prices were starting to spike, they disabled people from being able to buy crypto or load money onto your account. The reason they gave was ' extraordinary market conditions. ' In reality the bullmarket wasn't at its peak yet which would only occur November of 2021. It was starting to heat up and naturally people wanted to get in a bit earlier so they can make a profit.\n\nPeople were so angry that they left 100K+ negative reviews for Robinhood which Google went and removed for them. See what happens when a crypto service is under government control. They literally cheated retailers out of potential profits and are still operating today and many people still use them!\n\nThis is a warning, they also did it with GME which was a different stock, but we won't get off topic, you can google that if you want to know more. Just a heads up because the Btc halving is less than a year away, stay away from Robinhood. With them it's not a matter of if, but when. They will cheat you or potentially even steal from you, so why take the risk? Steer clear and buy and trade your crypto through other means, of course do your due diligence but whatever you do, don't do Robinhood.", 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/', '12eh6o6', [['u/TrifBoi', 12, '2023-04-07 13:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfaxk0v/', 'Yup, stick with kraken or something credible', '12eh6o6'], ['u/CVV1', 21, '2023-04-07 13:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfaxq5k/', 'What does RH being "under government control" have to do with them halting trading or Google getting rid of reviews? \n\n\nCoinbase and Binance have halted trading before. They have much less regulations.\n\nGoogle removing reviews has literally nothing to do with the government. \n\n\nI\'m not defending RH. Your diagnosis is...odd. Neither of those things have anything to do with the SEC. RH just sucks.', '12eh6o6'], ['u/R24611', 70, '2023-04-07 13:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfayfl2/', 'That and their data leak! They leaked thousands of accounts. The dark web is selling this data. Robinhood is evil.', '12eh6o6'], ['u/RiceRare', 384, '2023-04-07 13:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfayo24/', '> People were so angry that they left 100K+ negative reviews for Robinhood which Google went and removed for them.\n\nWe should do it again, and again, and again ...', '12eh6o6'], ['u/samer109', 18, '2023-04-07 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfaz57k/', 'Yet people still use it..', '12eh6o6'], ['u/FldLima', 93, '2023-04-07 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfaz5id/', "It's messed up that they cheated people out of potential profits and even had negative reviews removed from Google. Like you said, it's not a matter of if, but when they will pull something like this again", '12eh6o6'], ['u/bny192677', 123, '2023-04-07 13:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfaz5zg/', 'Google will do it again, and again, and again ...', '12eh6o6'], ['u/myscienceisbetter', 36, '2023-04-07 13:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfaze6s/', 'OP trying to remember people what rh ( centralized entity) did two years ago, when the plebs here are still using CEXs only half year after FTX collapse.', '12eh6o6'], ['u/Available-Top-1160', 10, '2023-04-07 13:31', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfazz7d/', "Robinhood may removed negative reviews but they can't remove the anger from traders who wrote for them.", '12eh6o6'], ['u/Prestigious_Ear505', 10, '2023-04-07 13:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb0alk/', "I don't use robinhood, but appreciate the advice.\n\nSo what US exchange has always historically been reliable during all crypto market conditions?", '12eh6o6'], ['u/Aim_Sux', 18, '2023-04-07 13:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb0g2z/', 'Just wait until the next bull run goes full throttle', '12eh6o6'], ['u/Every_Hunt_160', 22, '2023-04-07 13:39', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb0r1o/', 'You want us to leave 100k negative comments for Robinhood? Don’t be silly.\n\nThere’s 6m of us here in cc/sub, if we don’t hit at least 300k negative comments for Robinhood I’d say we would have failed .!', '12eh6o6'], ['u/eendomaa', 90, '2023-04-07 13:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb11hx/', "That's why we have to spread the word in places where they won't remove our opinion", '12eh6o6'], ['u/unitys2011', 17, '2023-04-07 13:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb18yw/', 'Robinhood - Stealing from the poor to give it to the rich', '12eh6o6'], ['u/eendomaa', 470, '2023-04-07 13:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb1je7/', 'My favorite Robinhood moment was when they made an AMA here on Reddit and promoted the shit out of it, just to delete it a couple hours later because every comment was taking a piss at them\n\n\nScreenshot of the post: \nhttps://imgur.io/a/nV7prcp', '12eh6o6'], ['u/FumeUGSEnjoyer', 14, '2023-04-07 13:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb1lf4/', 'lmao, this is not the place you think\n\nI have seen too much \\[Removed by Reddit\\]', '12eh6o6'], ['u/krakensupport', 18, '2023-04-07 13:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb1lhi/', 'You rang? 👼\n\n\\- 🐙', '12eh6o6'], ['u/DarthLukas71', 75, '2023-04-07 13:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb1mmb/', 'And on the 8th day, the Lord created Reddit…..', '12eh6o6'], ['u/milonuttigrain', 10, '2023-04-07 13:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb1p9h/', 'Word of mouth has significant impact. They have Google reviews removed but they can’t stop previous users from spreading the words.\n\nHope they go bankrupt soon.', '12eh6o6'], ['u/partymsl', 10, '2023-04-07 13:52', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb20ie/', 'True. Robinhood may be yesterday as they took quite a dime on their reputation after those bad reviews.\n\nBut even today there are exchanges that probably do the same. Just stay away from them and NEVER EVER hold Crypto in exchanges.', '12eh6o6'], ['u/Intr3pidG4ming', 26, '2023-04-07 13:55', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb29cv/', "I've been reading a counterfeit bible this whole time.", '12eh6o6'], ['u/Aim_Sux', 10, '2023-04-07 13:59', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb2pws/', 'And some dumbfucks will never learn even after getting rekt in multiple bull runs', '12eh6o6'], ['u/JERMYNC', 13, '2023-04-07 14:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb3gc3/', 'Didnt go so well, as expected laugh 😂', '12eh6o6'], ['u/rroobbbb', 11, '2023-04-07 14:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb3j4b/', 'How can you be sure rh fueled the bullrun? Like every bullrun has a reason or something lol (other than btc halving).', '12eh6o6'], ['u/ablablababla', 11, '2023-04-07 14:18', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb4o39/', "Probably Coinbase, since it's a publicly traded company it can be trusted more too", '12eh6o6'], ['u/Aim_Sux', 11, '2023-04-07 14:19', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb4ok6/', 'Inverse Robin Hood', '12eh6o6'], ['u/Pussy_Prince', 50, '2023-04-07 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb5b2c/', '“I just use it for the charts”', '12eh6o6'], ['u/Givemeurhats', 24, '2023-04-07 14:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfb8ke2/', "Devil's advocate here: I'd rather put my money on robinhood than some unregulated junk like FTX", '12eh6o6'], ['u/Pussy_Prince', 35, '2023-04-07 15:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbaeii/', 'Immediately? Where were you Jan 2021? I never understood how anyone could use RH after the GME fiasco', '12eh6o6'], ['u/CoryW1961', 21, '2023-04-07 15:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbdn69/', 'Lol. I bought my coins on Voyager as everyone said it was safer. Lost everything.', '12eh6o6'], ['u/Nathhfh', 21, '2023-04-07 15:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbfn5x/', 'How freaking tonedeaf can a company be. Every inch of Reddit was filled with "mandatory fuck Robinhood" messages. \n\nThen again they are Robinhood. Wouldn\'t expect anything smart out of them', '12eh6o6'], ['u/Killertimme', 155, '2023-04-07 15:52', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbfrzk/', '*The intent is to provide users with a sense of pride and accomplishment for buying different cryptocurrencies.*', '12eh6o6'], ['u/Pussy_Prince', 10, '2023-04-07 16:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbh2sn/', 'You’re in for a treat then. Look up GME and RH during Jan 2021. Despite RH taking away the ability to buy, some people who were around then still use RH to this day. To each their own, but I’ll never give RH my business.', '12eh6o6'], ['u/SmallReflection2552', 12, '2023-04-07 16:17', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbj7j4/', ">People were so angry that they left 100K+ negative reviews for Robinhood which Google went and removed for them.\n\nAnd how many of those reviews were were thoughtful comments breaking down the situation and delivering constructive honest criticism and how many just said FUCK ROBINHOOD!\n\nAsking for a friend. Don't get me wrong, I'm no fan of Robin hood but if I'm posting obscenities on Google reviews I shouldn't be surprised it they get taken down and I'm not going to view that as some tinfoil hat conspiracy.", '12eh6o6'], ['u/Shangheli', 10, '2023-04-07 16:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbkrme/', 'So they stopped a bunch of people buying the top? Oh no.', '12eh6o6'], ['u/JuicyJewsy', 13, '2023-04-07 16:43', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbmzy6/', 'Not your keys...', '12eh6o6'], ['u/Minimum-Cheetah', 11, '2023-04-07 16:43', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbn0yf/', 'I use and like Fidelity. That said, for crypto, I usually use Kraken or Coinbase. And right now Coinbase is fighting the good fight so it would be good to support them. Their fight with the SEC is the most important game in crypto right now.', '12eh6o6'], ['u/Nathhfh', 49, '2023-04-07 16:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbndte/', '\n>sense of pride and accomplishment\n\nHow are we supposed to feel this pride and accomplishment when we are unable to sell our crypto and accomplish any gains?\n\nTheir buzzwords department was possibly the only department that actually worked', '12eh6o6'], ['u/bannybanana', 16, '2023-04-07 17:41', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbvmyp/', 'I remember that, the audacity of EA to say this to justify their blatant greed in the form of loot boxes.', '12eh6o6'], ['u/Alanski22', 12, '2023-04-07 17:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12eh6o6/never_forget_what_robinhood_did_during_the_last/jfbw18o/', 'Fucked people over big time on the GME run', '12eh6o6']]], ['u/Alarming-Restaurant9', 'Chase just blocked my debit card on Strike', 34, '2023-04-07 13:05', 'https://www.reddit.com/r/Bitcoin/comments/12ehid8/chase_just_blocked_my_debit_card_on_strike/', 'I have been buying BTC via a chase debit card on strike since 2021 . Today I get the Chase Fraud text saying I can’t use it for these purchases anymore. I was allowed to deposit via ACH for now', 'https://www.reddit.com/r/Bitcoin/comments/12ehid8/chase_just_blocked_my_debit_card_on_strike/', '12ehid8', [['u/Relai_Alex', 21, '2023-04-07 13:27', 'https://www.reddit.com/r/Bitcoin/comments/12ehid8/chase_just_blocked_my_debit_card_on_strike/jfazo2q/', 'Not your bank, not your fiat.', '12ehid8'], ['u/mamabearx0x0', 10, '2023-04-07 17:00', 'https://www.reddit.com/r/Bitcoin/comments/12ehid8/chase_just_blocked_my_debit_card_on_strike/jfbpiq6/', 'Just wait until they ram their cbdc down your throat', '12ehid8']]], ['u/jamespunk', 'Buying Bitcoin every month for the past 5.5 years', 554, '2023-04-07 13:29', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/', "Yep. Been buying bitcoin every month for the past 5.5 years. I call it the 'bitcoin retirement plan' and that's what I initially thought I could achieve with bitcoin and constant buying. It's now been 5,5 years and while I'm only \\~10% to the target of 1 million euros, I bet it's not gonna take another 45 years for me to get there! I update this blog to document how the journey will end up forming, how many years I needed etc. If you're interested, take a read below! I included a link to the template so you can create your own similar charts with your data if you like.\n\n[https://er-bybitcoin.com/stacking-em-volume-32-april-2023/](https://er-bybitcoin.com/stacking-em-volume-32-april-2023/)", 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/', '12ei3yr', [['u/Relai_Alex', 58, '2023-04-07 14:05', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfb3biw/', 'Thank you for your blogposts. I always share them with the newcomers. DCA slowly into Bitcoin is the best way anyone new can do.\n\nYes, a lucky newbie can FOMO in at the very bottom with all fiat they have, but even a 10% drop would make them uncomfortable. \nLearning what Bitcoin is while stacking every paycheck is an approach, any noob is capable to stomach.', '12ei3yr'], ['u/0xIlmari', 89, '2023-04-07 14:31', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfb5ysh/', 'Gigachad among plebs.', '12ei3yr'], ['u/Business_Smile', 45, '2023-04-07 15:07', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfba4vh/', 'Good job, enjoy the next bullrun in 2025', '12ei3yr'], ['u/HesitantInvestor0', 28, '2023-04-07 16:36', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfblzvn/', 'Since 2022 was kind of your first time experiencing a massive drop in value, were you at all tempted to make a more significant buy when we dropped down to the 15-20k level?', '12ei3yr'], ['u/Micksar', 318, '2023-04-07 16:49', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfbnv9i/', 'Having over 4 BTC for what appears to be around 40k spent is really something.', '12ei3yr'], ['u/void_evilness', 11, '2023-04-07 17:49', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfbwrrp/', 'Because if the market price is 1mil per bitcoin it means there are also loads of ppl willing to buy it at that price. Everyone has a different entry/exit point', '12ei3yr'], ['u/wkw3', 16, '2023-04-07 18:47', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfc5p7z/', 'You don\'t "cash out", you convert as little as necessary to cover your spending. If it hits 1M/coin, do you think that dollars will suddenly be a compelling alternative?', '12ei3yr'], ['u/Tacitus19', 39, '2023-04-07 18:58', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfc7dj9/', 'I always love it when this guys posts. The journey has been incredible so far.', '12ei3yr'], ['u/anotherbrckinTH3Wall', 31, '2023-04-07 18:58', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfc7exa/', 'Luckily, none of their 3 words begin with C, so safe.', '12ei3yr'], ['u/HeatSeekingPanther', 24, '2023-04-07 19:14', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfc9wf6/', 'One of the greatest ongoing threads on this sub IMHO. Keep it up pleb!', '12ei3yr'], ['u/jellyvish', 27, '2023-04-07 20:42', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfcn24g/', 'im doing the same thing except i started when it was $60k 😎', '12ei3yr'], ['u/n-Ro', 15, '2023-04-07 20:43', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfcnakd/', 'The FBI is a lil bitch', '12ei3yr'], ['u/Expert-Hamster-3146', 19, '2023-04-07 21:43', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfcvy3v/', 'Get outta here Stacy chad bitch. Looksmaxxing your ass all the way to fuck off land.', '12ei3yr'], ['u/DrunkOnListerineOnly', 12, '2023-04-07 22:34', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfd3ebr/', 'Based and bull market top buyer pilled', '12ei3yr'], ['u/Ratchet_as_fuck', 17, '2023-04-07 23:17', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfd9l7z/', 'I DCA into my crypto/stocks once a month, and there has been 1-2 times during a red streak I make a bonus deposit to buy low.', '12ei3yr'], ['u/blindao_blindado', 18, '2023-04-07 23:18', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfd9q5y/', '> Current results after \\~5.5 years – S&P boomer has got +26% for his total investment, while bitcoin bro has got +217%.\n\nlet that sink in', '12ei3yr'], ['u/Rice-Fragrant', 10, '2023-04-07 23:41', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfdcvb6/', 'I wasted 5 years out of the 6 years I been buying bitcoin… wasted time and money on countless researching shitcoinery and trading shitcoins.', '12ei3yr'], ['u/N9_NaNo', 38, '2023-04-07 23:44', 'https://www.reddit.com/r/Bitcoin/comments/12ei3yr/buying_bitcoin_every_month_for_the_past_55_years/jfddbp2/', 'Always feel old seing those comments, retail on this sub used to talk of BTC in dozens. Not old enough to have seen the 100-1000 BTC era tough', '12ei3yr']]], ['u/philangel', 'Distribution of BTC vs fiat', 11, '2023-04-07 15:05', 'https://www.reddit.com/r/Bitcoin/comments/12ekpn4/distribution_of_btc_vs_fiat/', "I think I've seen posts that have touched on this before, but one criticism of BTC that I've read is that it's already concentrated in the hands of early adopters, it's not evenly distributed, etc.\n\nObviously fiat isn't evenly distributed either, but I'm wondering, is there some actual way of trying to measure the unequal distribution of both? Is BTC more evenly distributed than fiat, or USD for example?", 'https://www.reddit.com/r/Bitcoin/comments/12ekpn4/distribution_of_btc_vs_fiat/', '12ekpn4', [['u/misterjoego', 15, '2023-04-07 15:14', 'https://www.reddit.com/r/Bitcoin/comments/12ekpn4/distribution_of_btc_vs_fiat/jfbb12g/', "BTC was never about an equal distribution. It's always been about equal access to a decentralized digital currency that is not controlled by any government or organization. Right now there are relatively few people (compared to the population of the world) who own any BTC but it's always growing, which is positive.", '12ekpn4'], ['u/Raverrevolution', 12, '2023-04-07 17:45', 'https://www.reddit.com/r/Bitcoin/comments/12ekpn4/distribution_of_btc_vs_fiat/jfbw6ot/', "Bitcoin is a world IQ test on the concept of money. It's completely fair that the people who understand it earliest get the most.", '12ekpn4']]], ['u/Obvious-Ad-1677', 'LRC will explode to 60-80c in the next month if BTC goes up from 28k to 35k', 189, '2023-04-07 15:37', 'https://www.reddit.com/r/loopringorg/comments/12elm2m/lrc_will_explode_to_6080c_in_the_next_month_if/', "​\n\n[Five higher highs in a row, with a clearly defined top end of 39c. If this support level holds then we will be back up to 39c to test the upper level again. This pattern is called an ascending triangle, and is well understood in technical analysis. Once it breaks out of this ever shrinking triangle it will continue on that path. Expect a sharp move up or down soon, you have been warned.](https://preview.redd.it/77gks8khrgsa1.jpg?width=1026&format=pjpg&auto=webp&v=enabled&s=5a99b133a8f090cc1c4c2d14adff819ef2232312)\n\n3 sources of evidence:\n\n## What Does the Ascending Triangle Tell You?\n\nAn ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend.1\n\nOnce the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price broke out.\n\n[https://www.investopedia.com/terms/a/ascendingtriangle.asp](https://www.investopedia.com/terms/a/ascendingtriangle.asp)\n\n## WHAT IS AN ASCENDING TRIANGLE?\n\nThe ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as [support](https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2019/04/24/support-and-resistance-trading.html). This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend.\n\n[ht...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['When we thought the dust had settled from Blur and OpenSea’sbattlefor buyers,OpenSea, the largestnon-fungible token (NFT)marketplace, has re-ignited the war by releasing their own “pro” trading tools this week.\nTechnically more of a rebranding than a new product, OpenSea has repackaged their trading tools that existed under the name Gem, and rebranded them as an elite suite for all traders.\nNow using the name OpenSea Pro, the king of marketplaces is giving traders over 170 listings all in one spot, floor-sweeping tools, inventory management options, collection and trait offers, and quite a bit more.\nIt’s a package that has been long overdue, and with these new tools, OpenSea hopes to stymie the bleeding out of their user base that had been flowing over to Blur.\nNew tools are great, but what’s in it for traders?\nThey’re not getting rewards like the BLUR token delivered to traders on the Blur marketplace. OpenSea is looking to reward traders with a different type of token, beginning with an NFT that is free to claim for previous Gem users. The first reward,Gemesis, is a limited edition NFT to celebrate OpenSea’s new milestone moment.\nFor now, we can only speculate on what future OpenSea NFTs will be, but I’m hoping for good old-fashioned art rewards, and maybe some exclusive tokens that will give on-site access to tools or early access to mint. The sky is the limit when it comes to creative utility that can be given through NFTs. At times CryptoSlam offers aSkyBox NFTthat allows the holder advertising space at the top of the leaderboard. Let’s see if OpenSea took notice.\nOpenSea Pro’s impact on the market so far has been a nonfactor, with the two days since its launch being some of the slowest days of trading we’ve seen this year. The Forkast 500 NFT Index reflects this cooling off, showing the market down 1.22% since OpenSea Pro’s release.\nMultiple marketplaces now offer tools that allow faster, more precise, and bulk trades.\xa0This is putting us on a path for a new phase of NFTs. As NFTs continue to lose value, most will eventually reach a low enough price that traders can trade NFTs like crypto. With an unlimited supply of NFTs, and without the “penalty” of platform fees, I expect NFTs to be traded at high volume, with traders looking for tiny percent gains.\nThis is more likely to happen on Layer 2 blockchains where gas fees are cheaper, but it seems like a natural progression for day trading NFTs. While markets are hard to predict, traders are not. If there’s profit to be made, you can bet that traders will find that profit.\nThere’s plenty to celebrate in the NFT space still,\xa0including 0% platform fees returning to OpenSea, new NFTs from Yuga Labs, Bitcoin Stamps, incredible art being created on the blockchain and, of course,NFT NYCnext week.\nCryptoSlam andForkast.Newswill be at NFT NYC from April 12 to 14 and we have some exciting news to announce there. We’re always excited to meet the Slamfam, so if you’ll be attending stop by and say hello!', 'When we thought the dust had settled from Blur and OpenSea’s battle for buyers, OpenSea , the largest non-fungible token (NFT) marketplace, has re-ignited the war by releasing their own “pro” trading tools this week. Technically more of a rebranding than a new product, OpenSea has repackaged their trading tools that existed under the name Gem, and rebranded them as an elite suite for all traders. Now using the name OpenSea Pro, the king of marketplaces is giving traders over 170 listings all in one spot, floor-sweeping tools, inventory management options, collection and trait offers, and quite a bit more. It’s a package that has been long overdue, and with these new tools, OpenSea hopes to stymie the bleeding out of their user base that had been flowing over to Blur. New tools are great, but what’s in it for traders? They’re not getting rewards like the BLUR token delivered to traders on the Blur marketplace. OpenSea is looking to reward traders with a different type of token, beginning with an NFT that is free to claim for previous Gem users. The first reward, Gemesis , is a limited edition NFT to celebrate OpenSea’s new milestone moment. Gemesis For now, we can only speculate on what future OpenSea NFTs will be, but I’m hoping for good old-fashioned art rewards, and maybe some exclusive tokens that will give on-site access to tools or early access to mint. The sky is the limit when it comes to creative utility that can be given through NFTs. At times CryptoSlam offers a SkyBox NFT that allows the holder advertising space at the top of the leaderboard. Let’s see if OpenSea took notice. OpenSea Pro’s impact on the market so far has been a nonfactor, with the two days since its launch being some of the slowest days of trading we’ve seen this year. The Forkast 500 NFT Index reflects this cooling off, showing the market down 1.22% since OpenSea Pro’s release. Multiple marketplaces now offer tools that allow faster, more precise, and bulk trades.\xa0This is putting us on a path for a new phase of NFTs. As NFTs continue to lose value, most will eventually reach a low enough price that traders can trade NFTs like crypto. With an unlimited supply of NFTs, and without the “penalty” of platform fees, I expect NFTs to be traded at high volume, with traders looking for tiny percent gains. Story continues This is more likely to happen on Layer 2 blockchains where gas fees are cheaper, but it seems like a natural progression for day trading NFTs. While markets are hard to predict, traders are not. If there’s profit to be made, you can bet that traders will find that profit. There’s plenty to celebrate in the NFT space still,\xa0including 0% platform fees returning to OpenSea, new NFTs from Yuga Labs, Bitcoin Stamps, incredible art being created on the blockchain and, of course, NFT NYC next week. CryptoSlam and Forkast.News will be at NFT NYC from April 12 to 14 and we have some exciting news to announce there. We’re always excited to meet the Slamfam, so if you’ll be attending stop by and say hello!', 'Growing up in Malawi, Grey Jabesi spent most of his childhood sleeping on a sand floor. But rather than pursue a path of hard labor on tobacco or cattle farms, Jabesi dreamed of a different life. Upon graduating from high school, he traveled over 2,000 miles to Cape Town, where he marked time as a gardener and laundromat operator while looking for a big break. The eureka moment came in 2013, when Jabesi attended a Reddit AMA where Bill Gates praised Bitcoin’s potential for regular folks to make routine payments in developing countries. The youngster was sold. He started accepting Bitcoin for odd jobs in coding and graphic design. Realizing that he could exchange the signature crypto for U.S. dollars and local currencies, he pivoted to full-time day trader and crypto evangelist.\nJabesi’s trading flourished over the next several years as Bitcoin’s price kept surging. In 2020, he learned of the “Affiliate Program” offered by Binance, the company that in just two years had raced from nowhere to reign as the world’s largest crypto exchange. Having built a following of upwards of 8,000 followers across platforms, Jabesi qualified as a recruiter who could earn big commissions on the trades placed by every user he attracted to register on the global Binance platform. With every trade his referred users make, Binance sends Jabesi rewards equivalent to as much as 40% in commissions. Now, Jabesi says, he makes between $3,000 and $5,000 every month. “I’m from Africa, and if someone sees me standing next to a Lambo dressed nice, at some place that they could never imagine themselves, it will make them believe that ‘Okay, this crypto thing seems to be real, if this guy can make it, I can, too,’” says Jabesi.\nNobody does FOMO quite like crypto influencers. In Sweden, Carl Runefelt uses the handle @TheMoonCarl and invites his 255,000Instagramfollowers to pine over his 1,001-horsepower Bugatti Veyron, tour what he describes as "my yacht" in the Monaco harbor, and his $1 million watch. He even paid to have his face appear on a Formula 2 race car as a high-speed billboard for his brand. In Costa Rica such riches are attainable, at least if you sign up for Finnish “online entrepreneur” Roope (Robert) Kiuttu\'s Binance Affiliate Rewards Bootcamp, a seven-step training program in which aspiring members learn such skills as “transform[ing] your invitees into active users.” And in Manilla, Archie Lim, known to his nearly 100,000 TikTok followers as @archielim.eth, can be found touting the potential upside of myriad coins while inviting viewers to tour the world (he\'s recently been spotted on social media riding the Binance jeepney in Manilla, and posting from a summit in Vietnam).\nWe may be deep into a Crypto Winter, but may not know it perusing some accounts of commission-based influencers around the world who have become a key part of the growth strategy for Binance. Binance incentivizes influencers to rapidly sign up their followers using affiliate codes, then the original influencer gets a cut of every trade each follower makes for their lifetime on the platform. Multiple sources toldFortunethat Binance’s affiliate arm is focused on enlisting influencers whose followers are below the age of 35 and live in developing nations. Crypto proponents argue that such networks expand access to new forms of investment to underserved populations who have been largely ignored by traditional financial institutions. And for those atop the trading structure, the rewards can be huge: A Binance blog post from 2019 reported that the top affiliate made $10.4 million in two years. In an email toFortuneresponding to questions for this story, a Binance spokesperson stated that fewer than 50 affiliates earn over $1 million a year. Still, that means many of these whales are netting paydays that would make Wall Street investment bankers envious.Fortuneinterviewed Binance affiliates in Argentina, Dubai, South Africa, and the Philippines who report pocketing between $1,000 and $10,000 per month from Binance. The combination of relatively low regulation, economic volatility, and poverty make these places hotspots for crypto. In fact, Africa is one of the fastest growing crypto markets in the world, according to Chainalysis data cited by theInternational Monetary Fund.\nThough Binance is the biggest crypto exchange in the world, it’s far from the only one that employs influencers as marketers.Coinbase, Bybit, KuCoin, and many other exchanges have significant social media affiliate marketing operations. And many crypto affiliate marketers work to simultaneously make commissions from multiple platforms. “I’ve seen people get thousands of people in referral links, and they make a significant amount of money—like $50,000 a year—just from having a link,” says Rex Tabb, who oversaw social media for Binance.US from May 2021 to July 2022 and continues to be a DeFi and crypto evangelist.\nBut red flags abound. Binance does not hide that its affiliates are paid via rebates, and that they can ratchet up earnings if their users trade more and more. Still, one of the principal problems plaguing crypto is that influencers often plug obscure coins without disclosing potential payments from the currencies’ issuers, as well as encouraging trades regardless of market conditions. “That’s the newcomer dark side of influencers,” says Tabb. “The newcomers—they’ll push referral links or shell altcoins…they promote whatever they can get their hands on.” Adds Anthony Georgiades, general partner Innovating Capital and founder of NFT-focused blockchain company Pastel Network: “A bunch of bullshit influencers have dominated the space…I’m surprised that the FTC hasn’t clamped down on it.” Affiliates like Jabesi counter that the intentionality of their content gives it a green flag. “I create content that I like or that I think my audience would find useful. I care about my audience, and not about the exchanges,” says Jabesi. “The fact that my content is educational should meet [the exchanges’] regulatory compliance.”\nBut there has been a sudden crackdown on influencers who appeared just a few months ago to be doing God’s work in promoting crypto. Super-lawyer David Boies and others are going after the most high-profile names, and as the legal ramifications of touting crypto over social media evolve, some predict Binance and its army are playing with fire. “It seems quite nefarious,” notes Peter Howson, an academic and author of the soon-to-be-releasedLet Them Eat Crypto. He thinks these influencers are preying on highly vulnerable populations with promises of wealth that will never materialize—and their \'advice\' will come back to haunt them and stain Binance.\nFor as secretive as Binance is, interestingly the Affiliate Program has operated openly since the company’s founding in 2017. Binance’s website contains page after page detailing its generous rewards and the qualifications required for the different levels of recruiters. But the exchange’s founder, Changpeng Zhao, also known as CZ, rarely talks about Binance affiliates to the public. Compared with peers, says Joseph Edwards, an investment advisor at London crypto firm Enigma Securities, Binance provides by far the most aggressive programs:\xa0“Binance was behind FTX in spending on the likes of sports sponsorships, but it was far more active in these retail-focused referral plans.” Edward believes that the programs were a major source of Binance’s growth during its 2020 and 2021 boom periods and are a large component of expenses. Two sources close to Binance tellFortunethey believe that the exchange is spending around $1 billion a year on its Affiliate Program, inclusive of marketing expenses and commissions from trades.\nThat’s a big number. But in its response to our questions on the program’s size, a Binance spokesperson stated that “while the Affiliate Program is an important way to bring in new users who trust Binance to learn about our products, it represents far too small a portion of our new users to consider it a pillar if we were to discontinue (which is is important to note, we have no plans to do).” In a second email, the spokesperson said that Binance has a total of 26,000 affiliates, and that the social media mavens attract around 2 million new users a year to its base audience of 120 million. Binance also said that the affiliates don’t just sign individual investors: “A small percentage of affiliates [have] large followings from trader audiences.” (It should be noted that Binance operates another referral program for non-influencer users to refer connections; one source tellsFortunethat program has around 600,000 participants.)\nBinance has never revealed how much the affiliates contribute to revenues, and the equation still has a lot of unknowns. But on average, affiliates are getting rebates of 30% to 50% of the total commissions their invitees generate. So the revenues the affiliates generate are two to three times what they collect in rebates. Binance acknowledges that somewhat under 50 influencers are making seven figures and up, and given that the program boasts 26,000 members, it’s likely the affiliates are powering some $1 billion or more of the company’s revenues, whichFortuneestimated to be $12 billion at most in 2022 (but certainly could be much lower now).\nFor an in-depth look at how Binance makes money—including how its Standard and Affiliate programs are structured—you can readthis story.\nOne thing is not up for debate: that Binance makes it worthwhile for the hosts to keep building their rosters. The details of the program are spelled out on Binance’s Affiliate Program websites. The affiliates receive standard kickbacks of 41% on spot trades and 30% on futures. Keeping the 41% rebates requires attracting at least five new customers every 90 days that all told generate at least the equivalent of 50 Bitcoin or about $1.4 million in new trades. On spot, the rebate rises to 50% if a recruiter attracts 10 new traders over 90 days who do $14 million in volumes. (That $14 million in trades yields around $14,000 in revenue to Binance.) As a recruiting tool, the affiliates can split their BNB (Binance token) discounts with their invitees. That perk provides an additional financial boost to budget-conscious traders in the developing world, Binance’s biggest retail market by far.\nThe world’s biggest exchange outdoes all comers in terms of sweetness of its carrots. Kraken rebates 20% of the commission affiliates attract from their troops. Coinbase pays 50%, but only for the first three months. By contrast, once a Binance affiliate registers a user with their code, the host gets a part of the recruit’s spot commission forever.\nNot only does work as a Binance affiliate provide a healthy income, it also provides community—complete with local and global hierarchy. Manila-based Binance affiliate Archie Lim says that Binance organizes gatherings for him and his fellow local affiliates once or twice a month. “Of course, there’s food, there’s giveaway contests, they introduce new products, new features; it’s community meetup networking,” says Lim, who has been working as a Binance affiliate since 2020. He says he was making $10,000 per month from hawking the platform at crypto’s peak, but now reports earning less than $1,000 per month amid Crypto Winter, a period when coin prices and trading volumes have plunged. Still, he says, “That’s a lot [of money] in the Philippines because things are very cheap here.” He posted clips from one of these Binance outings—a trip to Phu Quoc, Vietnam, featuring a beach covered in Binance flags, a lavish buffet dinner and Lim eating a popsicle—tohis TikTok, where he has 1.2 million likes on his mostly financial advice content.\nIn many ways, the affiliates’ commission-based salaries are a bargain for the company, according to Howson, the author ofLet Them Eat Cryptoand assistant professor of geography and environmental science at Northumbria University in the U.K. “When there’s a 30% to 70% unemployment rate, and then you’re saying that this is your only chance of ever getting a paid job—is to come on board and work for free until we go bust—that’s quite questionable,” he says. He believes companies like Binance are not only misleading future clients, but the influencers themselves by having them do “all the donkeywork” that includes recruitment and customer service in exchange for payments in Binance’s proprietary token, BNB, and “exclusive” access to executives like Zhao.\nAnd to be clear, despite the photos you may see on social media of Lamborghinis and mansions, not everyone is getting rich. David Gan, founder and general partner of $100 million Web3-focused venture capital shop OP Crypto, points out that only “1% to 2%” of the crypto affiliate marketers “actually make money,” because “most people don’t know what they’re doing.” And former Binance insider Rex Tabb, who worked as a marketing manager for Binance.US from May 2021 to July 2022, characterizes the bulk of the Binance Affiliate Program as “not very lucrative.”\nFor now, the affiliate plans appear to be perfectly legal. Indeed, such competitors as Coinbase and Kraken have their own long-running affiliate platforms. Still, the bigger the program, the bigger the potential liability risks. The first is the danger of fraud. “A legal problem would also arise if the host is falsifying their own qualifications or their own trading record,” says Kevin Thompson, an MLM attorney at Thompson Burton in Nashville. “This kind of program creates a compliance burden for the company.”\nSecond, the future course of cryptocurrencies hinges in large part on how they’ll be classified, and hence regulated, in future. The courts haven’t yet determined if digital coins will continue to be governed under what’s long been its main designation as a commodity, or if it will be newly designated as a security. In recent months, the SEC has brought cases maintaining that digital coins are securities, and subject to the super-strict regulations governing the area. It judged CEL a security in its case versus now-bankrupt lender Celsius and took the same position on FTT in its action against FTX and Sam Bankman-Fried. The SEC is also suing crypto asset entrepreneur Justin Sun and his companies for issuing two coins that it deems “unregistered crypto asset securities.” In the same case, the SEC charged eight celebrities for “illegally touting [the coins] without disclosing they were being paid for doing so.” As disclosed in an SEC pressrelease, the agency won $400,000 in damages from six celebrities who didn’t admit or deny the charges, including actress Lindsay Lohan and singer Shaffer Smith (Ne-Yo). Sun responded that the SEC action “lacks merit” and that “it’s no secret that the SEC’s regulatory framework for digital assets is still in its infancy and is in need of further development.”\nIn mid-March, the Moskowitz Law Firm and Boies Schiller Flexner, home to famed attorney David Boies, brought a $1 billion class action suit, on behalf of people who bought FTT, against nine prominent paid influencers and a talent agency who plugged the failed coin, among them “BitBoy” Ben Armstrong and “Meet Kevin”YouTubestar Kevin Paffrath. On April 1,Fortunereported exclusively that Moskowitz Law Firm and Boies Schiller Flexner brought a new action specifically against Zhao, Binance.US, Binance’s foreign companies, and one of its brand ambassadors, Miami Heat basketball star Jimmy Butler. Also named are two alleged affiliates, Ben Armstrong, a.k.a. BitBoy Crypto, and YouTube personality Graham Stephan. The suit seeks $1 billion in damages. “We filed the complaint on behalf of plaintiffs who bought crypto that the Binance influencers touted,” managing and founding partner Adam Moskowitz toldFortune.Moskowitz will once again argue that cryptocurrencies are securities. “We’ve been working on the case for a year,” he says. He’s suing in the Southern District of Florida under the Florida Securities Act. “It states clearly that if influencers promote the coins and have a personal financial incentive to do so, and the coins are unregistered securities, the influencers can be found liable for all losses suffered by people who bought those coins,” says Moskowitz. “The law wanted the burden to be on the promoters, not the victims. It doesn’t matter whether the victims were swayed by the ads or not.”\nIn a video posted after the suit was filed, Paffrath argued that though he promoted FTX, he isn’t responsible for anyone’s losses, adding, “People have to put on their big-boy pants and realize that if you make a decision because of something you heard online, that’s your responsibility.” Armstrong reacted to the suit with multipletweets, in one calling Moscowitz the "bully who plays the victim." In an email toFortune, Armstrong wrote, "We have barely pushed the Binance affiliate program for the past two years. Sure, we were in good standing with them, but it\'s not a super lucrative deal for us." For its part, Binance wrote to Fortune in response that: "Binance is committed to a safe and secure platform for its global users.\xa0 We will not comment on the pending litigation and plan to vigorously contest the untrue allegations in this lawsuit."Fortunereached out to the Miami Heat’s front office requesting comment from Butler on the lawsuit. At the time this story went to press, we hadn’t received a response, and Butler’s lawyers had yet to contact the attorneys for the plaintiffs.\nThe penalty for “aiding and abetting” the sale of unregistered securities is what’s called “rescissory damages.” That judgment could make the influencers liable for the total amount of the unregistered security purchases, or total victim losses. The penalties could apply to the affiliates who championed those coins to their invitees. Moskowitz asserts that the requirement wouldn’t just extend to affiliates at Binance’s relatively small U.S. arm, but to affiliates working for the global exchange. “Internal evidence recently uncovered confirms that it was Binance’s main objective to target and conquer the U.S. investor market,” says Moskowitz. “The suit will apply not just to U.S. citizens and residents who were victims but even to non-U.S. citizens.” (Of course, it’s not at all certain that the Florida court will rule that digital coins are securities, and that finding is crucial to the success of the suit. But Moskowitz believes that the multiple coins-as-securities cases brought by the SEC greatly boost his chances of success.)\nThis story was originally featured onFortune.com\nMore from Fortune:\n• 5 side hustles where you may earn over $20,000 per year—all while working from home\n• Expert advice to keep your money safe during bank failures\n• The young creators of a "TED meets Burning Man" conference bought a $40-million mountain. Years later, it\'s an unbuilt mess\n• This is how much money you need to earn annually to comfortably buy a $600,000 home', 'Growing up in Malawi, Grey Jabesi spent most of his childhood sleeping on a sand floor. But rather than pursue a path of hard labor on tobacco or cattle farms, Jabesi dreamed of a different life. Upon graduating from high school, he traveled over 2,000 miles to Cape Town, where he marked time as a gardener and laundromat operator while looking for a big break. The eureka moment came in 2013, when Jabesi attended a Reddit AMA where Bill Gates praised Bitcoin’s potential for regular folks to make routine payments in developing countries. The youngster was sold. He started accepting Bitcoin for odd jobs in coding and graphic design. Realizing that he could exchange the signature crypto for U.S. dollars and local currencies, he pivoted to full-time day trader and crypto evangelist. Jabesi’s trading flourished over the next several years as Bitcoin’s price kept surging. In 2020, he learned of the “Affiliate Program” offered by Binance, the company that in just two years had raced from nowhere to reign as the world’s largest crypto exchange. Having built a following of upwards of 8,000 followers across platforms, Jabesi qualified as a recruiter who could earn big commissions on the trades placed by every user he attracted to register on the global Binance platform. With every trade his referred users make, Binance sends Jabesi rewards equivalent to as much as 40% in commissions. Now, Jabesi says, he makes between $3,000 and $5,000 every month. “I’m from Africa, and if someone sees me standing next to a Lambo dressed nice, at some place that they could never imagine themselves, it will make them believe that ‘Okay, this crypto thing seems to be real, if this guy can make it, I can, too,’” says Jabesi. Nobody does FOMO quite like crypto influencers. In Sweden, Carl Runefelt uses the handle @TheMoonCarl and invites his 255,000 Instagram followers to pine over his 1,001-horsepower Bugatti Veyron, tour what he describes as "my yacht" in the Monaco harbor, and his $1 million watch. He even paid to have his face appear on a Formula 2 race car as a high-speed billboard for his brand. In Costa Rica such riches are attainable, at least if you sign up for Finnish “online entrepreneur” Roope (Robert) Kiuttu\'s Binance Affiliate Rewards Bootcamp, a seven-step training program in which aspiring members learn such skills as “transform[ing] your invitees into active users.” And in Manilla, Archie Lim, known to his nearly 100,000 TikTok followers as @archielim.eth, can be found touting the potential upside of myriad coins while inviting viewers to tour the world (he\'s recently been spotted on social media riding the Binance jeepney in Manilla, and posting from a summit in Vietnam). Story continues We may be deep into a Crypto Winter, but may not know it perusing some accounts of commission-based influencers around the world who have become a key part of the growth strategy for Binance. Binance incentivizes influencers to rapidly sign up their followers using affiliate codes, then the original influencer gets a cut of every trade each follower makes for their lifetime on the platform. Multiple sources told Fortune that Binance’s affiliate arm is focused on enlisting influencers whose followers are below the age of 35 and live in developing nations. Crypto proponents argue that such networks expand access to new forms of investment to underserved populations who have been largely ignored by traditional financial institutions. And for those atop the trading structure, the rewards can be huge: A Binance blog post from 2019 reported that the top affiliate made $10.4 million in two years. In an email to Fortune responding to questions for this story, a Binance spokesperson stated that fewer than 50 affiliates earn over $1 million a year. Still, that means many of these whales are netting paydays that would make Wall Street investment bankers envious. Fortune interviewed Binance affiliates in Argentina, Dubai, South Africa, and the Philippines who report pocketing between $1,000 and $10,000 per month from Binance. The combination of relatively low regulation, economic volatility, and poverty make these places hotspots for crypto. In fact, Africa is one of the fastest growing crypto markets in the world, according to Chainalysis data cited by the International Monetary Fund . Though Binance is the biggest crypto exchange in the world, it’s far from the only one that employs influencers as marketers. Coinbase , Bybit, KuCoin, and many other exchanges have significant social media affiliate marketing operations. And many crypto affiliate marketers work to simultaneously make commissions from multiple platforms. “I’ve seen people get thousands of people in referral links, and they make a significant amount of money—like $50,000 a year—just from having a link,” says Rex Tabb, who oversaw social media for Binance.US from May 2021 to July 2022 and continues to be a DeFi and crypto evangelist. But red flags abound. Binance does not hide that its affiliates are paid via rebates, and that they can ratchet up earnings if their users trade more and more. Still, one of the principal problems plaguing crypto is that influencers often plug obscure coins without disclosing potential payments from the currencies’ issuers, as well as encouraging trades regardless of market conditions. “That’s the newcomer dark side of influencers,” says Tabb. “The newcomers—they’ll push referral links or shell altcoins…they promote whatever they can get their hands on.” Adds Anthony Georgiades, general partner Innovating Capital and founder of NFT-focused blockchain company Pastel Network: “A bunch of bullshit influencers have dominated the space…I’m surprised that the FTC hasn’t clamped down on it.” Affiliates like Jabesi counter that the intentionality of their content gives it a green flag. “I create content that I like or that I think my audience would find useful. I care about my audience, and not about the exchanges,” says Jabesi. “The fact that my content is educational should meet [the exchanges’] regulatory compliance.” But there has been a sudden crackdown on influencers who appeared just a few months ago to be doing God’s work in promoting crypto. Super-lawyer David Boies and others are going after the most high-profile names, and as the legal ramifications of touting crypto over social media evolve, some predict Binance and its army are playing with fire. “It seems quite nefarious,” notes Peter Howson, an academic and author of the soon-to-be-released Let Them Eat Crypto . He thinks these influencers are preying on highly vulnerable populations with promises of wealth that will never materialize—and their \'advice\' will come back to haunt them and stain Binance. Sphere of influence For as secretive as Binance is, interestingly the Affiliate Program has operated openly since the company’s founding in 2017. Binance’s website contains page after page detailing its generous rewards and the qualifications required for the different levels of recruiters. But the exchange’s founder, Changpeng Zhao, also known as CZ, rarely talks about Binance affiliates to the public. Compared with peers, says Joseph Edwards, an investment advisor at London crypto firm Enigma Securities, Binance provides by far the most aggressive programs:\xa0“Binance was behind FTX in spending on the likes of sports sponsorships, but it was far more active in these retail-focused referral plans.” Edward believes that the programs were a major source of Binance’s growth during its 2020 and 2021 boom periods and are a large component of expenses. Two sources close to Binance tell Fortune they believe that the exchange is spending around $1 billion a year on its Affiliate Program, inclusive of marketing expenses and commissions from trades. That’s a big number. But in its response to our questions on the program’s size, a Binance spokesperson stated that “while the Affiliate Program is an important way to bring in new users who trust Binance to learn about our products, it represents far too small a portion of our new users to consider it a pillar if we were to discontinue (which is is important to note, we have no plans to do).” In a second email, the spokesperson said that Binance has a total of 26,000 affiliates, and that the social media mavens attract around 2 million new users a year to its base audience of 120 million. Binance also said that the affiliates don’t just sign individual investors: “A small percentage of affiliates [have] large followings from trader audiences.” (It should be noted that Binance operates another referral program for non-influencer users to refer connections; one source tells Fortune that program has around 600,000 participants.) Binance has never revealed how much the affiliates contribute to revenues, and the equation still has a lot of unknowns. But on average, affiliates are getting rebates of 30% to 50% of the total commissions their invitees generate. So the revenues the affiliates generate are two to three times what they collect in rebates. Binance acknowledges that somewhat under 50 influencers are making seven figures and up, and given that the program boasts 26,000 members, it’s likely the affiliates are powering some $1 billion or more of the company’s revenues, which Fortune estimated to be $12 billion at most in 2022 (but certainly could be much lower now). For an in-depth look at how Binance makes money—including how its Standard and Affiliate programs are structured—you can read this story . One thing is not up for debate: that Binance makes it worthwhile for the hosts to keep building their rosters. The details of the program are spelled out on Binance’s Affiliate Program websites. The affiliates receive standard kickbacks of 41% on spot trades and 30% on futures. Keeping the 41% rebates requires attracting at least five new customers every 90 days that all told generate at least the equivalent of 50 Bitcoin or about $1.4 million in new trades. On spot, the rebate rises to 50% if a recruiter attracts 10 new traders over 90 days who do $14 million in volumes. (That $14 million in trades yields around $14,000 in revenue to Binance.) As a recruiting tool, the affiliates can split their BNB (Binance token) discounts with their invitees. That perk provides an additional financial boost to budget-conscious traders in the developing world, Binance’s biggest retail market by far. The world’s biggest exchange outdoes all comers in terms of sweetness of its carrots. Kraken rebates 20% of the commission affiliates attract from their troops. Coinbase pays 50%, but only for the first three months. By contrast, once a Binance affiliate registers a user with their code, the host gets a part of the recruit’s spot commission forever. A mutually beneficial relationship Not only does work as a Binance affiliate provide a healthy income, it also provides community—complete with local and global hierarchy. Manila-based Binance affiliate Archie Lim says that Binance organizes gatherings for him and his fellow local affiliates once or twice a month. “Of course, there’s food, there’s giveaway contests, they introduce new products, new features; it’s community meetup networking,” says Lim, who has been working as a Binance affiliate since 2020. He says he was making $10,000 per month from hawking the platform at crypto’s peak, but now reports earning less than $1,000 per month amid Crypto Winter, a period when coin prices and trading volumes have plunged. Still, he says, “That’s a lot [of money] in the Philippines because things are very cheap here.” He posted clips from one of these Binance outings—a trip to Phu Quoc, Vietnam, featuring a beach covered in Binance flags, a lavish buffet dinner and Lim eating a popsicle—to his TikTok , where he has 1.2 million likes on his mostly financial advice content. In many ways, the affiliates’ commission-based salaries are a bargain for the company, according to Howson, the author of Let Them Eat Crypto and assistant professor of geography and environmental science at Northumbria University in the U.K. “When there’s a 30% to 70% unemployment rate, and then you’re saying that this is your only chance of ever getting a paid job—is to come on board and work for free until we go bust—that’s quite questionable,” he says. He believes companies like Binance are not only misleading future clients, but the influencers themselves by having them do “all the donkeywork” that includes recruitment and customer service in exchange for payments in Binance’s proprietary token, BNB, and “exclusive” access to executives like Zhao. And to be clear, despite the photos you may see on social media of Lamborghinis and mansions, not everyone is getting rich. David Gan, founder and general partner of $100 million Web3-focused venture capital shop OP Crypto, points out that only “1% to 2%” of the crypto affiliate marketers “actually make money,” because “most people don’t know what they’re doing.” And former Binance insider Rex Tabb, who worked as a marketing manager for Binance.US from May 2021 to July 2022, characterizes the bulk of the Binance Affiliate Program as “not very lucrative.” Future risks For now, the affiliate plans appear to be perfectly legal. Indeed, such competitors as Coinbase and Kraken have their own long-running affiliate platforms. Still, the bigger the program, the bigger the potential liability risks. The first is the danger of fraud. “A legal problem would also arise if the host is falsifying their own qualifications or their own trading record,” says Kevin Thompson, an MLM attorney at Thompson Burton in Nashville. “This kind of program creates a compliance burden for the company.” Second, the future course of cryptocurrencies hinges in large part on how they’ll be classified, and hence regulated, in future. The courts haven’t yet determined if digital coins will continue to be governed under what’s long been its main designation as a commodity, or if it will be newly designated as a security. In recent months, the SEC has brought cases maintaining that digital coins are securities, and subject to the super-strict regulations governing the area. It judged CEL a security in its case versus now-bankrupt lender Celsius and took the same position on FTT in its action against FTX and Sam Bankman-Fried. The SEC is also suing crypto asset entrepreneur Justin Sun and his companies for issuing two coins that it deems “unregistered crypto asset securities.” In the same case, the SEC charged eight celebrities for “illegally touting [the coins] without disclosing they were being paid for doing so.” As disclosed in an SEC press release , the agency won $400,000 in damages from six celebrities who didn’t admit or deny the charges, including actress Lindsay Lohan and singer Shaffer Smith (Ne-Yo). Sun responded that the SEC action “lacks merit” and that “it’s no secret that the SEC’s regulatory framework for digital assets is still in its infancy and is in need of further development.” In mid-March, the Moskowitz Law Firm and Boies Schiller Flexner, home to famed attorney David Boies, brought a $1 billion class action suit, on behalf of people who bought FTT, against nine prominent paid influencers and a talent agency who plugged the failed coin, among them “BitBoy” Ben Armstrong and “Meet Kevin” YouTube star Kevin Paffrath. On April 1, Fortune reported exclusively that Moskowitz Law Firm and Boies Schiller Flexner brought a new action specifically against Zhao, Binance.US, Binance’s foreign companies, and one of its brand ambassadors, Miami Heat basketball star Jimmy Butler. Also named are two alleged affiliates, Ben Armstrong, a.k.a. BitBoy Crypto, and YouTube personality Graham Stephan. The suit seeks $1 billion in damages. “We filed the complaint on behalf of plaintiffs who bought crypto that the Binance influencers touted,” managing and founding partner Adam Moskowitz told Fortune. Moskowitz will once again argue that cryptocurrencies are securities. “We’ve been working on the case for a year,” he says. He’s suing in the Southern District of Florida under the Florida Securities Act. “It states clearly that if influencers promote the coins and have a personal financial incentive to do so, and the coins are unregistered securities, the influencers can be found liable for all losses suffered by people who bought those coins,” says Moskowitz. “The law wanted the burden to be on the promoters, not the victims. It doesn’t matter whether the victims were swayed by the ads or not.” In a video posted after the suit was filed, Paffrath argued that though he promoted FTX, he isn’t responsible for anyone’s losses, adding, “People have to put on their big-boy pants and realize that if you make a decision because of something you heard online, that’s your responsibility.” Armstrong reacted to the suit with multiple tweets , in one calling Moscowitz the "bully who plays the victim." In an email to Fortune , Armstrong wrote, "We have barely pushed the Binance affiliate program for the past two years. Sure, we were in good standing with them, but it\'s not a super lucrative deal for us." For its part, Binance wrote to Fortune in response that: "Binance is committed to a safe and secure platform for its global users.\xa0 We will not comment on the pending litigation and plan to vigorously contest the untrue allegations in this lawsuit." Fortune reached out to the Miami Heat’s front office requesting comment from Butler on the lawsuit. At the time this story went to press, we hadn’t received a response, and Butler’s lawyers had yet to contact the attorneys for the plaintiffs. The penalty for “aiding and abetting” the sale of unregistered securities is what’s called “rescissory damages.” That judgment could make the influencers liable for the total amount of the unregistered security purchases, or total victim losses. The penalties could apply to the affiliates who championed those coins to their invitees. Moskowitz asserts that the requirement wouldn’t just extend to affiliates at Binance’s relatively small U.S. arm, but to affiliates working for the global exchange. “Internal evidence recently uncovered confirms that it was Binance’s main objective to target and conquer the U.S. investor market,” says Moskowitz. “The suit will apply not just to U.S. citizens and residents who were victims but even to non-U.S. citizens.” (Of course, it’s not at all certain that the Florida court will rule that digital coins are securities, and that finding is crucial to the success of the suit. But Moskowitz believes that the multiple coins-as-securities cases brought by the SEC greatly boost his chances of success.) Once again, the outcome of the action is highly uncertain. But a ruling in the plaintiffs’ favor could deal a death blow to Binance’s and all other crypto affiliate networks. This story was originally featured on Fortune.com More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Expert advice to keep your money safe during bank failures The young creators of a "TED meets Burning Man" conference bought a $40-million mountain. Years later, it\'s an unbuilt mess This is how much money you need to earn annually to comfortably buy a $600,000 home View comments', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a relatively quiet news week in the cryptoverse, reflected by the fact that barely any of the top cryptocurrencies by market capitalization moved dramatically in the past seven days. Market leader Bitcoin (BTC), which has a market cap of well over half a trillion dollars, entered the weekend down a marginal 1.4% from seven days ago. It currently trades at $28,030 according to CoinGecko. Ethereum (ETH) went in the opposite direction, starting Saturday up 2.4% from a week ago, trading hands at $1,869 at the time of writing. That modest bump is thanks to anticipation of next week’s “ Shapella ” network upgrade, a portmanteau of “Shanghai” and “Capella," two steps that will unlock withdrawals of ETH staked on the network at the execution layer and the consensus layer, respectively. In very basic terms, the execution layer executes and records Ethereum’s transactions in real-time, while the consensus layer is where those transactions are validated. Every validator has staked 32 ETH to activate their software and is rewarded with ETH for confirming transactions. The validated information is then shared across the whole network. The biggest success story this week in coins came from meme coin Dogecoin (DOGE), which pumped at the start of the week, then dove, and is heading into the weekend up 8.8% over the last seven days. The coin’s rally kicked off after Elon Musk filed a motion with a U.S. judge on Friday to dismiss a $258 billion lawsuit accusing him of allegedly running a racketeering scheme to back the cryptocurrency. On Monday, DOGE ballooned 20% in less than an hour after Musk changed the iconic blue bird logo on the social media site to a picture of Doge, the adorable Shiba Inu behind the iconic meme that inspired the coin, but the rally ran out of steam by Thursday, when the coin posted an intraday loss of over 8% . Adoption news In spite of stagnant prices, three big crypto adoption stories hit the press this week. On Tuesday, Ralph Lauren announced the opening of a new luxury concept store in Miami’s Design District; it will be the fashion house’s first store to accept cryptocurrency payments . Items can be purchased with Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Dogecoin (DOGE), and other cryptocurrencies via a partnership with crypto payments service provider BitPay . Story continues That same day, Latin America’s biggest investment bank, Brazil-based BTG Pactual, announced the launch of its own stablecoin, the U.S.-dollar pegged BTG Dol token , which runs on Polygon. BTG Pactual said in a statement that this stablecoin will allow investors a “simple, efficient, and secure” way to put their equity into dollars. Clients can start investing with as little as 100 reals ($20). And on Wednesday, PostFinance, the Swiss bank fully owned by the Swiss government, announced it will offer its customers a range of regulated crypto services delivered through Sygnum\'s B2B banking platform, including the ability to buy, sell and store Bitcoin and Ethereum. All positive signs for crypto adoption, even if they didn\'t spark a rally.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a relatively quiet news week in the cryptoverse, reflected by the fact that barely any of the top cryptocurrencies by market capitalization moved dramatically in the past seven days. Market leader Bitcoin (BTC), which has a market cap of well over half a trillion dollars, entered the weekend down a marginal 1.4% from seven days ago. It currently trades at $28,030 according to CoinGecko. Ethereum (ETH) went in the opposite direction, starting Saturday up 2.4% from a week ago, trading hands at $1,869 at the time of writing. That modest bump is thanks to anticipation of next week’s “ Shapella ” network upgrade, a portmanteau of “Shanghai” and “Capella," two steps that will unlock withdrawals of ETH staked on the network at the execution layer and the consensus layer, respectively. In very basic terms, the execution layer executes and records Ethereum’s transactions in real-time, while the consensus layer is where those transactions are validated. Every validator has staked 32 ETH to activate their software and is rewarded with ETH for confirming transactions. The validated information is then shared across the whole network. The biggest success story this week in coins came from meme coin Dogecoin (DOGE), which pumped at the start of the week, then dove, and is heading into the weekend up 8.8% over the last seven days. The coin’s rally kicked off after Elon Musk filed a motion with a U.S. judge on Friday to dismiss a $258 billion lawsuit accusing him of allegedly running a racketeering scheme to back the cryptocurrency. On Monday, DOGE ballooned 20% in less than an hour after Musk changed the iconic blue bird logo on the social media site to a picture of Doge, the adorable Shiba Inu behind the iconic meme that inspired the coin, but the rally ran out of steam by Thursday, when the coin posted an intraday loss of over 8% . Adoption news In spite of stagnant prices, three big crypto adoption stories hit the press this week. On Tuesday, Ralph Lauren announced the opening of a new luxury concept store in Miami’s Design District; it will be the fashion house’s first store to accept cryptocurrency payments . Items can be purchased with Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Dogecoin (DOGE), and other cryptocurrencies via a partnership with crypto payments service provider BitPay . Story continues
**Last 60 Days of Bitcoin's Closing Prices:**
[23264.29, 22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-08
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,172,301,581
- Hash Rate: 349935510.5526316
- Transaction Count: 318505.0
- Unique Addresses: 661759.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Pune, India - (NewMediaWire) - March 7, 2023 - [125+ Pages Report] According to Absolute Reports, the Global "Crypto Wallet Market" Size is projected to Reach Multimillion USD by 2027, In comparison to 2022, at unexpected CAGR during the forecast Period 2023-2027. The Market Key Players are listed in the report with their sales, revenues and strategies are [Bitcoin.com, Exodus, BitPay, BRD, BitMex, ledger, Bittrex, Coinbase, BitGo, Gemini, Trezor, Binance, Bitfinex] and others.
Get a Sample PDF of report on Global Crypto Wallet Market (Including Full TOC, Tables & Figures, and charts) Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region. (Ask For Sample Report)
Client Focus1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Crypto Wallet market?Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and in Chapters, we elaborate at full length on the impact of the pandemic and the war on the Crypto Wallet Industry.
Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Crypto Wallet Industry.
TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE
Furthermore, our report also provides detailed information about the usage of Crypto Wallet products and services, as well as a comprehensive analysis of the pricing trends in the market. Moreover, the report provides insights into the regulatory landscape governing the use of Crypto Wallet and highlights potential opportunities for growth. Thus, this report is an invaluable resource for buyers for determining their investment decisions in the Crypto Wallet market.
Get a Sample PDF of report -https://www.absolutereports.com/enquiry/request-sample/21492291
Crypto Wallet Market - Competitive and Segmentation Analysis:
2. How do you determine the list of the key players included in the report?With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Short Description About Crypto Wallet Market:
The Global Crypto Wallet market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2027. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The global Crypto Wallet market size was valued at USD 1470.9 million in 2021 and is expected to expand at a CAGR of 29.81% during the forecast period, reaching USD 7036.81 million by 2027.
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and region, and, as a result, provides a holistic view of, as well as a deep insight into the Crypto Wallet market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
In a nutshell, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the market in any manner.
Get a Sample Copy of the Crypto Wallet Report 2023
3. What are your main data sources?Both Primary and Secondary data sources are being used while compiling the report.Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
What segments are covered in the Crypto Wallet Market?
The Global Crypto Wallet Market is segmented into Product Types, Applications, Key players and Geography
What are the key factors driving the growth of the Crypto Wallet Market?
Growing demand for Hot Wallets, Cold Wallets around the world has had a direct impact on the growth of the global Crypto Wallet market
What are the upcoming trends of Crypto Wallet market in the world?
Increasing adoption of Software, Hardware, Paper Wallets is major trend in marrine battery industry
What are the key regions in the global Crypto Wallet market?
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Crypto Wallet Market Research/Analysis Report Contains Answers to your following Questions
• What are the global trends in the Crypto Wallet market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Crypto Wallet? What are the upcoming industry applications and trends for Crypto Wallet market?
• What Are Projections of Global Crypto Wallet Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Crypto Wallet? What are the raw materials used for Crypto Wallet manufacturing?
• How big is the opportunity for the Crypto Wallet market? How will the increasing adoption of Crypto Wallet for mining impact the growth rate of the overall market?
• How much is the global Crypto Wallet market worth? What was the value of the market In 2020?
• Who are the major players operating in the Crypto Wallet market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Crypto Wallet Industry?
Customization of the Report
4. Can I modify the scope of the report and customize it to suit my requirements?Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
Inquire more and share questions if any before the purchase on this report at -https://www.absolutereports.com/enquiry/pre-order-enquiry/21492291
Detailed TOC of Global Crypto Wallet Market Insights and Forecast to 2027
Global Crypto Wallet Market Research Report 2023-2027, by Manufacturers, Regions, Types and Applications
1 Introduction1.1 Objective of the Study1.2 Definition of the Market1.3 Market Scope1.3.1 Market Segment by Type, Application and Marketing Channel1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)1.4 Years Considered for the Study (2015-2027)1.5 Currency Considered (U.S. Dollar)1.6 Stakeholders2 Key Findings of the Study3 Market Dynamics3.1 Driving Factors for this Market3.2 Factors Challenging the Market3.3 Opportunities of the Global Crypto Wallet Market (Regions, Growing/Emerging Downstream Market Analysis)3.4 Technological and Market Developments in the Crypto Wallet Market3.5 Industry News by Region3.6 Regulatory Scenario by Region/Country3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Crypto Wallet Market
4.1 Value Chain Status4.2 Upstream Raw Material Analysis4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)4.4 Distributors/Traders4.5 Downstream Major Customer Analysis (by Region)
5 Global Crypto Wallet Market-Segmentation by Type6 Global Crypto Wallet Market-Segmentation by Application7 Global Crypto Wallet Market-Segmentation by Marketing Channel7.1 Traditional Marketing Channel (Offline)7.2 Online Channel8 Competitive Intelligence Company Profiles
9 Global Crypto Wallet Market-Segmentation by Geography
9.1 North America9.2 Europe9.3 Asia-Pacific9.4 Latin America
9.5 Middle East and Africa10 Future Forecast of the Global Crypto Wallet Market from 2023-2027
10.1 Future Forecast of the Global Crypto Wallet Market from 2023-2027 Segment by Region10.2 Global Crypto Wallet Production and Growth Rate Forecast by Type (2023-2027)10.3 Global Crypto Wallet Consumption and Growth Rate Forecast by Application (2023-2027)11 Appendix11.1 Methodology12.2 Research Data Source
Continued.
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Absolute Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At Absolute Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.
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- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Despite going 0-3 against Alex Pereira in kickboxing and the UFC , Israel Adesanya was the betting favorite on Satuday night heading into the highly-anticipated UFC 287 main event with the middleweight title on the line. Much to the satisfaction of his supporters, which included Drake who staked $900,000 USD in Bitcoin on the fighter, Adesanya finally got his revenge as he put Pereira away in the second round with a vicious KO. In the first round, Pereira looked in control as he landed several calf kicks and showed a clear power advantage with his jabs. Full of confidence, it looked to be more of the same heading into the second round. Cornering Izzy against the cage, Pereira began landing combinations as his opponent covered up. However, Adesanya was playing possum, as he admitted later, and fired off several quick right hands and a hammerfist, knocking Pereira out cold to regain the UFC middleweight title. Prior to the fight, Pereira comes off a seven-fight win streak and is the only man to have knocked Adesanya out in competition. Performance of the night went to Israel Adesanya and Rob Font while Fight of the Night went to Chris Curtis and Kelvin Gastelum. Other highlights of the night include Gilbert Burns' victory over Jorge Masvidal . After more than 20 years and 50 fights, Masvidal announced his retirement where it all started for him, in the city of Miami. Take a look at some of the highlights below and stay tuned for more details. Go Octagon-side for THE knockout of the night ? #UFC287 pic.twitter.com/RSB0P6aiZq \x97 UFC (@ufc) April 9, 2023 It doesn't get more inspirational than THIS ? Pure joy for @Stylebender #UFC287 pic.twitter.com/fVhL9HyYxH \x97 UFC (@ufc) April 9, 2023 Stylebender and Poatan exchange words after their latest battle ? There is no sport like Mixed Martial Arts. #UFC287 pic.twitter.com/qo57Azkfbs \x97 UFC (@ufc) April 9, 2023 After a storied career in the fight game, @GamebredFighter is calling it a career THANK YOU JORGE ? #UFC289 pic.twitter.com/XrpDQiTEpl \x97 UFC (@ufc) April 9, 2023 In other news, New Balance crafts custom baseball glove for Shohei Ohtani.", "Despite going 0-3 against Alex Pereira in kickboxing and the UFC , Israel Adesanya was the betting favorite on Satuday night heading into the highly-anticipated UFC 287 main event with the middleweight title on the line. Much to the satisfaction of his supporters, which included Drake who staked $900,000 USD in Bitcoin on the fighter, Adesanya finally got his revenge as he put Pereira away in the second round with a vicious KO. In the first round, Pereira looked in control as he landed several calf kicks and showed a clear power advantage with his jabs. Full of confidence, it looked to be more of the same heading into the second round. Cornering Izzy against the cage, Pereira began landing combinations as his opponent covered up. However, Adesanya was playing possum, as he admitted later, and fired off several quick right hands and a hammerfist, knocking Pereira out cold to regain the UFC middleweight title. Prior to the fight, Pereira comes off a seven-fight win streak and is the only man to have knocked Adesanya out in competition. Performance of the night went to Israel Adesanya and Rob Font while Fight of the Night went to Chris Curtis and Kelvin Gastelum. Other highlights of the night include Gilbert Burns' victory over Jorge Masvidal . After more than 20 years and 50 fights, Masvidal announced his retirement where it all started for him, in the city of Miami. Take a look at some of the highlights below and stay tuned for more details. Go Octagon-side for THE knockout of the night ? #UFC287 pic.twitter.com/RSB0P6aiZq \x97 UFC (@ufc) April 9, 2023 It doesn't get more inspirational than THIS ? Pure joy for @Stylebender #UFC287 pic.twitter.com/fVhL9HyYxH \x97 UFC (@ufc) April 9, 2023 Stylebender and Poatan exchange words after their latest battle ? There is no sport like Mixed Martial Arts. #UFC287 pic.twitter.com/qo57Azkfbs \x97 UFC (@ufc) April 9, 2023 After a storied career in the fight game, @GamebredFighter is calling it a career THANK YOU JORGE ? #UFC289 pic.twitter.com/XrpDQiTEpl \x97 UFC (@ufc) April 9, 2023 In other news, New Balance crafts custom baseball glove for Shohei Ohtani.", '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', 'Fernando Gutierrez-Juarez/picture alliance via Getty Images Bitcoin is a wasteful asset that doesn\'t add to global welfare, Dieter Wermuth, economist and partner at Wermuth Asset Management, wrote in a recent note . He says the bitcoin market is highly centralized, and primarily benefits early investors and miners. The tokens fail as currency, given their high volatility and lack of real-world use, according to Wermuth. Despite calls from crypto enthusiasts to HODL (hold on for dear life), letting go of bitcoin may be good for world prosperity, at least according to one economist. That\'s because the cryptocurrency is a wasteful investment that takes funds away from general economic growth, Dieter Wermuth — economist and partner at Wermuth Asset Management — wrote in a note published on Wednesday . Not only does the speculative asset not contribute to broader welfare, it creates social inequalities and allows for money laundering, tax evasion and major climate deterioration, Wermuth said. "Bitcoin activities are a negative-sum game," he wrote. "Without crypto, the economy would be better off — there would be more money for consumption and investment." Detailed below are three reasons to support Wermuth\'s negative assertions about bitcoin. (1) It doesn\'t distribute wealth equally After the front-and-center cryptocurrency bitcoin first launched in 2009, it went from being a virtually worthless asset to holding a level of nearly $68,000 by 2021. But Wermuth argues that the gains were not enjoyed by every investor; rather, an uneven wealth distribution formed that favored crypto insiders. To illustrate, a 2021 Wall Street Journal article reported that 0.01% of bitcoin investors held 27% of coins then in circulation, or approximately $232 billion at the time. Wermuth notes that coin-producing crypto miners and those who had positions long before the 2021 rally overwhelmingly profited from the currency\'s gains, while those who joined late helped make the initial investors richer — only to potentially undergo losses themselves when bitcoin crashed by around 75% in 2022. Story continues (2) It\'s not really a currency The intense volatility that bitcoin has experienced through its history also demonstrates how ill-equipped it is for a monetary role. "Bitcoin has been brought to market with the narrative that it would be a better, more stable currency than traditional money," Wermuth wrote. "This story has been a deception." His assertion runs on the premise that money needs to attain three core roles — as a means of payment, unit of account and store of value — all of which bitcoin performs poorly at. In order to facilitate stability, cryptocurrencies like bitcoin have a limit to the amount of tokens that will enter circulation. However, this is quickly undone when investors treat it as an investment and create more daily volatility than other markets, Wermuth said. At the same time, he cites the fact that bitcoin has yet to have widespread use as a purchasing device, and hasn\'t been accepted as a means to pay taxes. Transfers between bitcoin accounts, meanwhile, continue to be slower and more expensive than traditional ones. (3) It\'s a negative-sum asset Despite the elements outlined above, bitcoin generates a great deal of financial liquidity without any proof that it contributes to productivity growth, Wermuth said. "Back in November 2021 bitcoin\'s market capitalization reached 1.27 trillion dollars," he wrote. "When Lehman Brothers went belly-up in 2008, a smaller amount of money had triggered the largest financial crisis and the deepest recession of the post-World War period." On top of that, the process of bitcoin mining — which uses computer hardware to add transactions in the crypto to a blockchain in return for newly minted coins — is so energy intensive that Wermuth described it as a "major climate killer." Broader crypto-market issues His note comes at a time of high-profile challenges for the broader crypto world — ones that may have started deteriorating investor confidence in the asset. Most recently, the collapse of the crypto-friendly Signature Bank revealed that it had faced a US probe indicating that its crypto clients may have been taking part in money laundering. At the same time, crypto-exchange Binance is facing a US lawsuit, with one of the allegations citing that it knew that it was facilitating criminal transactions . Before that, November\'s FTX collapse demonstrated the risks for crypto investors operating in the unregulated market, as many of the lender\'s clients saw their holdings wiped out. "I wonder whether it will be enough to just step up regulatory efforts, or to forbid the participation of banks and other financial institutions — or to get rid of these markets altogether (if this is still an option)," he wrote. Read the original article on Business Insider', '• Bitcoin is a wasteful asset that doesn\'t add to global welfare, Dieter Wermuth, economist and partner at Wermuth Asset Management, wrote in arecent note.\n• He says the bitcoin market is highly centralized, and primarily benefits early investors and miners.\n• The tokens fail as currency, given their high volatility and lack of real-world use, according to Wermuth.\nDespite calls from crypto enthusiasts to HODL (hold on for dear life), letting go of bitcoin may be good for world prosperity, at least according to one economist.\nThat\'s because the cryptocurrency is a wasteful investment that takes funds away from general economic growth, Dieter Wermuth — economist and partner at Wermuth Asset Management — wrote in anote published on Wednesday.\nNot only does the speculative asset not contribute to broader welfare, it creates social inequalities and allows for money laundering, tax evasion and major climate deterioration, Wermuth said.\n"Bitcoin activities are a negative-sum game," he wrote. "Without crypto, the economy would be better off — there would be more money for consumption and investment."\nDetailed below are three reasons to support Wermuth\'s negative assertions about bitcoin.\nAfter the front-and-center cryptocurrencybitcoinfirst launched in 2009, it went from being a virtually worthless asset to holding a level of nearly $68,000 by 2021. But Wermuth argues that the gains were not enjoyed by every investor; rather, an uneven wealth distribution formed that favored crypto insiders.\nTo illustrate, a 2021 Wall Street Journal article reported that0.01% of bitcoin investorsheld 27% of coins then in circulation, or approximately $232 billion at the time.\nWermuth notes that coin-producing crypto miners and those who had positions long before the 2021 rally overwhelmingly profited from the currency\'s gains, while those who joined late helped make the initial investors richer — only to potentially undergo losses themselves when bitcoin crashed by around 75% in 2022.\nThe intense volatility that bitcoin has experienced through its history also demonstrates how ill-equipped it is for a monetary role.\n"Bitcoin has been brought to market with the narrative that it would be a better, more stable currency than traditional money," Wermuth wrote. "This story has been a deception."\nHis assertion runs on the premise that money needs to attain three core roles — as a means of payment, unit of account and store of value — all of which bitcoin performs poorly at.\nIn order to facilitate stability, cryptocurrencies likebitcoinhave a limit to the amount of tokens that will enter circulation. However, this is quickly undone when investors treat it as an investment and create more daily volatility than other markets, Wermuth said.\nAt the same time, he cites the fact that bitcoin has yet to have widespread use as a purchasing device, and hasn\'t been accepted as a means to pay taxes. Transfers between bitcoin accounts, meanwhile, continue to be slower and more expensive than traditional ones.\nDespite the elements outlined above, bitcoin generates a great deal of financial liquidity without any proof that it contributes to productivity growth, Wermuth said.\n"Back in November 2021 bitcoin\'s market capitalization reached 1.27 trillion dollars," he wrote. "When Lehman Brothers went belly-up in 2008, a smaller amount of money had triggered the largest financial crisis and the deepest recession of the post-World War period."\nOn top of that, the process ofbitcoin mining— which uses computer hardware to add transactions in the crypto to a blockchain in return for newly minted coins — is so energy intensive that Wermuth described it as a "major climate killer."\nHis note comes at a time of high-profile challenges for the broader crypto world — ones that may have started deteriorating investor confidence in the asset.\nMost recently, the collapse of the crypto-friendlySignature Bankrevealed that it had faced a US probe indicating that its crypto clients may have been taking part in money laundering. At the same time, crypto-exchange Binance is facing a US lawsuit, with one of the allegations citing that it knew that it was facilitatingcriminal transactions.\nBefore that, November\'sFTXcollapse demonstrated the risks for crypto investors operating in the unregulated market, as many of the lender\'s clients saw their holdings wiped out.\n"I wonder whether it will be enough to just step up regulatory efforts, or to forbid the participation of banks and other financial institutions — or to get rid of these markets altogether (if this is still an option)," he wrote.\nRead the original article onBusiness Insider', "Illustration by Mitchell Preffer for Decrypt Crypto prices remained pretty frozen over the last seven days, except for Dogecoin. DOGE was undoubtedly the star of both Crypto and Twitter (and by extension, Crypto Twitter) this week, after the microblogging platform’s illustrious CEO, Elon Musk, changed the iconic blue bird logo to a picture of Doge, the Shiba Inu behind the iconic meme that inspired the coin. Musk memed the makeover on Monday. He also reminded everyone that he first warmed to the idea last month . pic.twitter.com/wmN5WxUhfQ — Elon Musk (@elonmusk) April 3, 2023 In response to logo change, DOGE ballooned 20% in less than an hour, although the rally ran out of steam by Thursday, when the coin posted an intraday loss of over 8% . Twitter has since reverted to the old logo. Also on Monday, Will Clemente, who co-founded digital asset research firm Reflexivity Research, shared some stats from blockchain analytics firm Kaiko highlighting the fact that throughout March, Bitcoin had reached its strongest correlation with gold in more than a year. Bitcoin's correlation to Gold is the highest that its been in years, surpassing its correlation to the S&P (h/t @KaikoData ) pic.twitter.com/5TDOtlm5zq — Will Clemente (@WClementeIII) April 3, 2023 This was largely down to a lack of confidence in TradFi institutions after serious liquidity crises swept through banks on both sides of the Atlantic, affecting Credit Suisse, and crypto/tech-friendly banks like Silvergate, Silicon Valley Bank and Signature. In most cases, governments intervened. On Tuesday, Uniswap’s inventor Hayden Adams shared some stats that showed his exchange outpacing Coinbase throughout most of 2023 so far. Coinbase CEO Brian Armstrong jumped on the tweet to inform readers that his exchange had a lot to do with Uniswap’s hefty numbers. Story continues Congrats and well deserved! We should clarify this refers to Coinbase's centralized exchange tho. Coinbase also uses Uniswap in our DEX trading products, so we are in fact the front end for some of that volume labeled Uniswap. It's all collaborative 🤝 Uniswap is awesome! — Brian Armstrong (@brian_armstrong) April 4, 2023 That day, Mark Lamb, the co-founder of crypto exchange CoinFLEX issued an open letter to Bitcoin evangelist and Bitcoin Cash promoter Roger Ver offering him an “olive branch” of “two years of free trading on OPNX,” a newly-launched claims exchange co-founded by Lamb. Alongside Ver, he included in his tweet Peter Smith, CEO and founder of crypto exchange Blockchain.com, which allegedly also owes CoinFLEX millions. The “olive branch” refers to ending a longstanding feud between the two. Lamb alleges that Ver owes CoinFLEX for an outstanding loan, the debt for which Lamb currently claims is $84 million. In June last year, Lamb previously claimed the debt was $47 million. An Open Letter to @rogerkver And @OneMorePeter of @blockchain : A Pathway to Wholeness pic.twitter.com/9tMDAlnjHS — Mark Lamb 💪 (@MarkDavidLamb) April 4, 2023 On Wednesday, MicroStrategy chairman Michael Saylor went and—yep, you guessed it—bought more Bitcoin. MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv — Michael Saylor⚡️ (@saylor) April 5, 2023 That day, Coinbase’s Chief Legal Officer Paul Grewal wrote a multi-tweet thread summarizing the arguments of a prominent legal challenge to the sanctions imposed on crypto transaction privacy mixer Tornado Cash back in August last year. Argument #2: the law only permits the govt to sanction a person’s property. Property is something capable of being owned or controlled. But no one can alter, delete or otherwise control the 20 smart contracts at the core of the TC software. They function w/o human control. 5/10 — paulgrewal.eth (@iampaulgrewal) April 5, 2023 Robert F. Kennedy Junior, who will be challenging Biden for the presidency in 2024, posted a long rant against the idea of a dollar-pegged cryptocurrency being released by the Federal Reserve. The problem is, Kennedy either accidentally or purposefully misread the very news article he linked. The Fed’s new digital payments system “FedNow” is not a CBDC! “Fake news!” as 45 would say. The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny. While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private… — Robert F. Kennedy Jr (@RobertKennedyJr) April 5, 2023 In real CBDC news, the European Central Bank appeared to be getting closer to releasing a digital euro this week. JUST IN: 🇪🇺 European Central Bank President reveals plans to launch a digital euro (CBDC), says there will be control over payments. pic.twitter.com/szCFxBkZDR — Watcher.Guru (@WatcherGuru) April 6, 2023 On Thursday, Binance CEO Changpeng “CZ” Zhao made his views on the AI arms race known. Blockchain/crypto is a neutral technology to improve efficiency and reduce costs of transactions. And people worry about (regulating) that. AI is a technology that may take over our world and make us irrelevant. And no one is worried. 🤷\u200d♂️ I am pro AI, as I am pro innovation. But… https://t.co/ANuvtdvYzZ — CZ 🔶 Binance (@cz_binance) April 6, 2023 Finally, on Saturday, Chinese blockchain journalist Colin Wu tweeted a reminder that Meta’s experiment with NFTs is about to come to an end. Facebook and Instagram will stop supporting NFT on April 11; Instagram stated that it will no longer be connected or associated with third-party digital wallets; it will begin to delete digital collection data in system, including wallet addresses. https://t.co/jP1uhwPXVh — Wu Blockchain (@WuBlockchain) April 8, 2023", 'Crypto prices remainedpretty frozenover the last seven days, except for Dogecoin. DOGE was undoubtedly the star of both Crypto and Twitter (and by extension, Crypto Twitter) this week, after the microblogging platform’s illustrious CEO, Elon Musk, changed the iconic blue bird logo to a picture of Doge, the Shiba Inu behind the iconic meme that inspired the coin.\nMusk memed the makeover on Monday. He also reminded everyone that he first warmed to the idealast month.\nIn response to logo change, DOGEballooned 20%in less than an hour, although the rally ran out of steam by Thursday, when the coin posted an intraday loss ofover 8%. Twitter has since reverted to the old logo.\nAlso on Monday, Will Clemente, who co-founded digital asset research firm Reflexivity Research, shared some stats from blockchain analytics firm Kaiko highlighting the fact that throughout March, Bitcoin had reached itsstrongest correlation with goldin more than a year.\nThis was largely down to a lack of confidence in TradFi institutions after serious liquidity crises swept through banks on both sides of the Atlantic, affecting Credit Suisse, and crypto/tech-friendly banks like Silvergate, Silicon Valley Bank and Signature. In most cases, governments intervened.\nOn Tuesday, Uniswap’s inventor Hayden Adams shared some stats that showed his exchange outpacing Coinbase throughout most of 2023 so far. Coinbase CEO Brian Armstrong jumped on the tweet to inform readers that his exchange had a lot to do with Uniswap’s hefty numbers.\nThat day, Mark Lamb, the co-founder of crypto exchange CoinFLEX issuedan open lettertoBitcoinevangelist and Bitcoin Cash promoter Roger Ver offering him an “olive branch” of “two years of free trading on OPNX,” a newly-launched claims exchange co-founded by Lamb. Alongside Ver, he included in his tweet Peter Smith, CEO and founder of crypto exchange Blockchain.com, which allegedly also owes CoinFLEX millions.\nThe “olive branch” refers to ending a longstanding feud between the two. Lamb alleges that Ver owes CoinFLEX for an outstanding loan, the debt for which Lamb currently claims is $84 million. In June last year, Lamb previously claimed the debt was $47 million.\nOn Wednesday, MicroStrategy chairman Michael Saylor went and—yep, you guessed it—bought more Bitcoin.\nThat day, Coinbase’s Chief Legal Officer Paul Grewal wrote a multi-tweet thread summarizing the arguments of a prominent legal challenge to the sanctions imposed on crypto transaction privacy mixer Tornado Cash back in August last year.\nRobert F. Kennedy Junior, who will be challenging Biden for the presidency in 2024, posted a long rant against the idea of a dollar-pegged cryptocurrency being released by the Federal Reserve. The problem is, Kennedy either accidentally or purposefully misread the very news article he linked. The Fed’s new digital payments system “FedNow” isnota CBDC! “Fake news!” as 45 would say.\nIn real CBDC news, the European Central Bank appeared to be getting closer to releasing a digital euro this week.\nOn Thursday, Binance CEO Changpeng “CZ” Zhao made his views on the AI arms race known.\nFinally, on Saturday, Chinese blockchain journalist Colin Wu tweeted a reminder that Meta’s experiment with NFTs is about to come to an end.', 'Conversations surrounding Bitcoin’s sustainability often touch on how much power the network consumes. But the mere fact that its power consumption is a known factor is notable, according to Canadian Bitcoin miner Hut 8’s CEO Jaime Leverton.\n“We see our energy use, really, as a feature of proof of work,” she said, referencing the process by which Bitcoin transactions are verified on the latest episode ofDecrypt’s gm podcast.\nCritics like Massachusetts Senator Elizabeth Warren have slammed Bitcoin mining as a contributor to the climate crisis. Bitcoin faithful like MicroStrategy CEO Michael Saylor counter with the notion that miners give what would be wasted energy a new purpose, effectively storing it in cyberspace as Bitcoin.\nRegardless, the environmental footprint of Bitcoin mining has been well documented, in part because Bitcoin’s hashrate is public. The measure captures the computational force being used across Bitcoin’s network as miners race to solve Bitcoin’s next block by continuously crunching complex calculations.\nLeverton said that having this competition play out in front of everyone’s eyes creates a degree of transparency innate to Bitcoin mining—one that isn’t shared by the traditional financial system.\n“It’s easy to see how much energy is used by Bitcoin miners because it’s publicly available information,” she said. “Whereas, you can’t see how much energy is used by the traditional fiat banking system or by hard metal mining.”\nIn terms of where miners source their power, Leverton noted that the Bitcoin Mining Council produces quarterly reports by surveying industry participants. The latest reportfoundthat around 60% of the power tapped by BMC\'s members—which comprise nearly of the Bitcoin mining industry globally—came from a sustainable power mix, harnessing sources like solar, wind, and hydro electricity.\n"That data is incredibly relevant," Leverton said. "It differs from other industries that aren\'t transparent about their energy use."\nThe conversation surrounding Bitcoin’s energy consumption reignited last month partly due to the “Skull of Satoshi,” an art installation unveiled as part of Greenpeace’s “Change the Code, Not the Climate” campaign. Working with the artist Benjamin Von Wong, the international environmental NGO sought to bring attention to Bitcoin’s carbon footprint. (Von Wong later said that his black-and-white perception of Bitcoin mining waswrong.)\nBut making a judgment about Bitcoin’s energy consumption is influenced by whether or not someone thinks Bitcoin itself has any value, Leverton said.And she argued that the value versus energy critique hasn’t historically been applied to other forms of technology with the same scrutiny, overlooking the potential that Bitcoin has to offer financial services to the globe\'s unbanked population at the same time.\n“We don’t talk about how much energy the gaming industry uses, as an example, or whether video games have value to the broader population,” she said. “We just accept that we know we assume that’s a lot of energy, but we don’t have a value debate about it.”\nListen to thefull episodeandsubscribeto the gm podcast.', 'Conversations surrounding Bitcoin’s sustainability often touch on how much power the network consumes. But the mere fact that its power consumption is a known factor is notable, according to Canadian Bitcoin miner Hut 8’s CEO Jaime Leverton.\n“We see our energy use, really, as a feature of proof of work,” she said, referencing the process by which Bitcoin transactions are verified on the latest episode ofDecrypt’s gm podcast.\nCritics like Massachusetts Senator Elizabeth Warren have slammed Bitcoin mining as a contributor to the climate crisis. Bitcoin faithful like MicroStrategy CEO Michael Saylor counter with the notion that miners give what would be wasted energy a new purpose, effectively storing it in cyberspace as Bitcoin.\nRegardless, the environmental footprint of Bitcoin mining has been well documented, in part because Bitcoin’s hashrate is public. The measure captures the computational force being used across Bitcoin’s network as miners race to solve Bitcoin’s next block by continuously crunching complex calculations.\nLeverton said that having this competition play out in front of everyone’s eyes creates a degree of transparency innate to Bitcoin mining—one that isn’t shared by the traditional financial system.\n“It’s easy to see how much energy is used by Bitcoin miners because it’s publicly available information,” she said. “Whereas, you can’t see how much energy is used by the traditional fiat banking system or by hard metal mining.”\nIn terms of where miners source their power, Leverton noted that the Bitcoin Mining Council produces quarterly reports by surveying industry participants. The latest reportfoundthat around 60% of the power tapped by BMC\'s members—which comprise nearly of the Bitcoin mining industry globally—came from a sustainable power mix, harnessing sources like solar, wind, and hydro electricity.\n"That data is incredibly relevant," Leverton said. "It differs from other industries that aren\'t transparent about their energy use."\nThe conversation surrounding Bitcoin’s energy consumption reignited last month partly due to the “Skull of Satoshi,” an art installation unveiled as part of Greenpeace’s “Change the Code, Not the Climate” campaign. Working with the artist Benjamin Von Wong, the international environmental NGO sought to bring attention to Bitcoin’s carbon footprint. (Von Wong later said that his black-and-white perception of Bitcoin mining waswrong.)\nBut making a judgment about Bitcoin’s energy consumption is influenced by whether or not someone thinks Bitcoin itself has any value, Leverton said.And she argued that the value versus energy critique hasn’t historically been applied to other forms of technology with the same scrutiny, overlooking the potential that Bitcoin has to offer financial services to the globe\'s unbanked population at the same time.\n“We don’t talk about how much energy the gaming industry uses, as an example, or whether video games have value to the broader population,” she said. “We just accept that we know we assume that’s a lot of energy, but we don’t have a value debate about it.”\nListen to thefull episodeandsubscribeto the gm podcast.', 'Conversations surrounding Bitcoin\x92s sustainability often touch on how much power the network consumes. But the mere fact that its power consumption is a known factor is notable, according to Canadian Bitcoin miner Hut 8\x92s CEO Jaime Leverton. \x93We see our energy use, really, as a feature of proof of work,\x94 she said, referencing the process by which Bitcoin transactions are verified on the latest episode of Decrypt \x92s gm podcast. Critics like Massachusetts Senator Elizabeth Warren have slammed Bitcoin mining as a contributor to the climate crisis. Bitcoin faithful like MicroStrategy CEO Michael Saylor counter with the notion that miners give what would be wasted energy a new purpose, effectively storing it in cyberspace as Bitcoin. Bitcoin mining consumes roughly the same amount of electricity as Washington state\x97putting pressure on our power grids and worsening the #ClimateCrisis . We need to protect our planet and crack down on environmentally wasteful crypto mining practices. https://t.co/ChKYcD82gH \x97 Elizabeth Warren (@SenWarren) September 7, 2021 Regardless, the environmental footprint of Bitcoin mining has been well documented, in part because Bitcoin\x92s hashrate is public. The measure captures the computational force being used across Bitcoin\x92s network as miners race to solve Bitcoin\x92s next block by continuously crunching complex calculations. Leverton said that having this competition play out in front of everyone\x92s eyes creates a degree of transparency innate to Bitcoin mining\x97one that isn\x92t shared by the traditional financial system. \x93It\x92s easy to see how much energy is used by Bitcoin miners because it\x92s publicly available information,\x94 she said. \x93Whereas, you can\x92t see how much energy is used by the traditional fiat banking system or by hard metal mining.\x94 Story continues In terms of where miners source their power, Leverton noted that the Bitcoin Mining Council produces quarterly reports by surveying industry participants. The latest report found that around 60% of the power tapped by BMC\'s members\x97which comprise nearly of the Bitcoin mining industry globally\x97came from a sustainable power mix, harnessing sources like solar, wind, and hydro electricity. "That data is incredibly relevant," Leverton said. "It differs from other industries that aren\'t transparent about their energy use." The conversation surrounding Bitcoin\x92s energy consumption reignited last month partly due to the \x93Skull of Satoshi,\x94 an art installation unveiled as part of Greenpeace\x92s \x93Change the Code, Not the Climate\x94 campaign. Working with the artist Benjamin Von Wong, the international environmental NGO sought to bring attention to Bitcoin\x92s carbon footprint. ( Von Wong later said that his black-and-white perception of Bitcoin mining was wrong .) But making a judgment about Bitcoin\x92s energy consumption is influenced by whether or not someone thinks Bitcoin itself has any value, Leverton said. And she argued that the value versus energy critique hasn\x92t historically been applied to other forms of technology with the same scrutiny, overlooking the potential that Bitcoin has to offer financial services to the globe\'s unbanked population at the same time. \x93We don\x92t talk about how much energy the gaming industry uses, as an example, or whether video games have value to the broader population,\x94 she said. \x93We just accept that we know we assume that\x92s a lot of energy, but we don\x92t have a value debate about it.\x94 Listen to the full episode and subscribe to the gm podcast.', "Applied Blockchain, Inc. (NASDAQ: APLD ) Q3 2023 Earnings Call Transcript April 6, 2023 Operator: Good morning, and welcome to Applied Digital's Third Quarter \x80\x93 Third Fiscal Quarter 2023 Conference Call. My name is Melissa and I will be your operator today. Before the call, Applied Digital issued its financial results for the third quarter of fiscal 2023 ended February 28, 2023 in a press release, a copy of which will be furnished in a report on Form 8-K filed with the SEC and will be available on the Investor Relations section of the company's website. Joining us on today's call are Applied Digital's Chairman and CEO, Wes Cummins; and CFO, David Rench. Following their remarks, we will open the call for questions. Before we begin, Alex Kovtun from Gateway Group will make a brief introductory statement. Mr. Kovtun, please go ahead. Alex Kovtun: Thank you, operator. Good morning, everyone, and welcome to Applied Digital's fiscal third quarter 2023 conference call. Before management begins their formal remarks, we would like to remind everyone that some statements we're making today may be considered forward-looking statements under securities laws and involve a number of risks and uncertainties. As a result, we caution you that there are a number of factors, many of which are beyond our control, which could cause actual results and events to differ materially from those described in the forward-looking statements. For more detailed risks, uncertainties and assumptions relating to our forward-looking statements please see the disclosures in our earnings release and public filings made with the Securities and Exchange Commission. We disclaim any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. We will also discuss non-GAAP financial metrics and encourage you to read our disclosures and the reconciliation tables to applicable GAAP measures in our earnings release carefully as you consider these metrics. We refer you to our filings with the Securities and Exchange Commission for detailed disclosures and descriptions of our business, as well as uncertainties and other variable circumstances, including but not limited to risks and uncertainties identified under the caption \x80\x9cRisk Factors\x80\x9d and our annual report on Form 10-K. You may get Applied Digital's Securities and Exchange Commission filings for free by visiting the SEC website at www.sec.gov. I would like to remind everyone that this call is being recorded and will be made available for replay via a link available in the Investor Relations section of Applied Digital's website. Now, I will turn the call over to Applied Digital's Chairman and CEO, Wes Cummins. Wes? Story continues Wes Cummins: Thanks, Alex, and good morning everyone. Thank you for joining us for our fiscal third quarter 2023 conference call. I want to start by thanking our employees for their ongoing hard work including our construction and operations team for getting through the winter and keeping our facilities operational and construction timeline reasonable. Before turning the call over to our CFO, David Rench for a detailed review of our financial results, I'd like to touch on some updates from our business over the last quarter and why we remain excited about the future and in our ability to deliver long-term high margin sustainable cash flow. Let's start with an update on our two newest facilities, Ellendale and Garden City. We successfully completed energization of our 180 megawatt facility in Ellendale, North Dakota in early March. This marks the second facility that we energized within North Dakota following the successful 100 megawatt facility in Jamestown that was energized in 2022. Recall that we broke ground on Ellendale in September, \x80\x9822 and are now powering and operating the new site only six months after initial work began. This is a tremendous accomplishment given the harsh winter weather we experienced in North Dakota over the last several months along with some construction delays. We continue to ramp up our capacity and anticipate this first half of capacity will be turned on by the end of April and the rest to be turned on by the end of June. The facility is fully contracted by Marathon for five years with a flat rate agreement and our agreement begins upon energization. Once fully energized, this location will bring Applied Digital to 280 megawatts of hosting capacity across all \x80\x93 our facilities in North Dakota, all of which are contracted out to customers on multi-year terms. In addition to Ellendale, we're making great progress on our 200 megawatt Garden City facility in Texas. The construction of Garden City is complete and over 130 megawatts of miners are installed and ready to turn on. Our customers are continuing to send miners to the facility and we're actively installing them. Given the unique behind the meter aspect of this facility, we're awaiting final approval on some final technical details and expect to resolve these issues in the coming weeks to begin energizing the facility. Once we energize our Garden City facility, we anticipated ramping faster than our Ellendale facility due to the amount of miners already installed. As a reminder, both our Ellendale and Garden City facilities are fully contracted with fixed prices and we are not exposed any volatility in the cryptocurrency markets. Our 100 megawatt Jamestown facility continues to perform as expected and operated at full capacity throughout the quarter as we delivered revenue of $14.1 million in the quarter exceeding the $12 million steady-state capabilities of the facility that we previously discussed. As mentioned on our last call, we successfully retrofitted a small portion of our existing facility in Jamestown to accommodate HPC requirements to support a web three application with a non-crypto customer. We have decided rather than to use the GPU capacity for the web three application, it would be better used for machine learning and AI applications and have onboarded multiple customers and recognized our first HPC revenue in the quarter. We also broke ground on a 5-megawatt standalone facility adjacent or Jamestown site in December that will host several hundred graphics processing units for machine learning application with a new customer. Our first GPUs in the new facility are expected to be operational later this month or early May. The build-out will be completed in two additional stages with the first scheduled to come online this summer, and the second later in the year. When finalized, we expect to have over 7,000 NVIDIA A100 class GPUs in the building, making it one of the largest GPU clusters of its kind in the world. Importantly, it's worth noting that demand for hosting capacity across our facilities has not been impacted during the last several months and we're exploring numerous opportunities. Now let's discuss the HPC opportunity in front of us and why we're excited about the year ahead. While we continue to see robust demand from cryptocurrency miners, we aim to diversify our customer base and exposure to the growing segments of the HPC market, as we believe that will be the highest return of capital in the long-term for our shareholders. Our goal remains to get at least 10% of our revenue from HPC by the end of this calendar year and ultimately diversify our revenue to a 50/50 split by 2025. We remain optimistic about the growth opportunities in HPC, while which is expected to reach 900 billion globally by 2030 and remain well positioned to capitalize on this opportunity. As data continues to grow at an exponential rate, more data sources will required - will be required to store the data and we believe our next-generation facilities are ideal hosting sites for HPC applications as they can accommodate the unique demands for this growing industry. Our data centers offer a more purpose-built solution offering, lower costs, combined with higher computing power compared to traditional data centers that are typically focused on delivering low latency and high computing power. We are well positioned for success in this space, given our expertise in hosting Bitcoin mining and realize the HPC applications require a different type of engineering that more resembles what you would see in an ASIC world at Bitcoin mining because of its dense power. The density of racks is a key point as each HPC applications require a different set up that provides sufficient power and cooling to handle those unique needs and properly scale efficiently. These applications don't require ultra-low latency and so we believe that the deciding factor on whether these applications will be hosted comes down to the cost of compute. Our next-generation data centers are optimized for green computing, and we aim to be the lowest cost compute provider, which are access to renewable energy and air cooling. To close, we remain confident that Applied Digital will continue to be a leader in digital infrastructure with our next-generation data centers. Demand for our services from both traditional customers and emerging HPC applications remains robust, which validates our position as a financially strong and leading digital infrastructure provider to serve various hosting needs. With that update, I'll pass it over to our CFO, David Rench for a financial update. 25 Highest Paying Jobs Without A Degree Photo by Austin Distel on Unsplash David Rench: Thanks, Wes, and good morning everyone. Before I begin my remarks, I would like to note that like last quarter's call, since we did not have operations in a year ago comparable period, we will not be providing any year-over-year comparisons. Revenues in the fiscal third quarter were $14.1 million, which were entirely attributable to our hosting operations. The Jamestown site operated at full capacity throughout Dakota. Cost of revenues in the fiscal third quarter were $10.5 million, consisting of $8.6 million of energy cost to generate our hosting revenues, $900,000 of depreciation and amortization expense and $1 million of personnel expense for employees directly working at our Jamestown hosting facility. Adjusted gross profit, a non-GAAP measure that excludes depreciation embedded in the cost of revenues and one-time, electricity charges was $4.4 million or 31% of revenue for the fiscal third quarter of 2023. Operating expenses for the fiscal third quarter of 2023 were $10.5 million, which includes $4.5 million of stock-based compensation, $3.9 million in other selling general and administrative costs and $1.1 million in depreciation and amortization expenses. Net loss attributable to Applied Digital for the fiscal third quarter of 2023 was a loss of $7 million or a loss of $0.08 per basic and diluted share based on a weighted average share count during the quarter of approximately $94.1 million. Adjusted net loss attributable to Applied Digital for the fiscal third quarter of 2023 was a loss of $7 million or a loss of $0.08 per basic a
**Last 60 Days of Bitcoin's Closing Prices:**
[22939.40, 21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-09
**Financial & Commodity Data:**
- Gold Closing Price: $2011.90
- Crude Oil Closing Price: $80.70
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,259,490,219
- Hash Rate: 347554996.87540287
- Transaction Count: 278404.0
- Unique Addresses: 570129.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Coty Inc. (NYSE: COTY ) Q2 2023 Earnings Call Transcript February 8, 2023 Operator: Good morning, and good afternoon, everyone. My name is Gretchen, and I'll be your conference operator today. At this time, I would like to welcome everyone to Coty's Second Quarter Fiscal 2023 Question-and-Answer Conference Call. As a reminder, this conference call is being recorded today, February 08, 2023. Please note that earlier this morning, Coty issued a press release and prepared remarks webcast, which can be found on its Investor Relations website. On today's call are Sue Nabi, Chief Executive Officer; and Laurent Mercier, Chief Financial Officer. I would now like to remind you that many of the comments today may contain forward-looking statements. Please refer to Coty's earnings release and the reports filed with the SEC, where the company lists factors that could cause actual results to differ materially from these forward-looking statements. In addition, except where noted, the discussion of Coty's financial results and Coty's expectations reflect certain adjustments as specified in non-GAAP financial measures section of the company's release. With that, we would now open the line for questions. Operator: And our first question comes from Nik Modi from RBC Capital Markets. Nik Modi: Hi, good morning, everyone. I guess two questions. First on just the glass and the fragrance situation. How is this impacting the innovation agenda in terms of the pipeline and the launch calendar, if you could just provide any context? And I apologize, I missed some of the earlier remarks. I had some other company's reporting. Did you provide a timeline in the prepared commentary on when you feel like you'll be fully kind of back to normal from a component standpoint? And then, the second question is just would love your thoughts on what you're seeing on the ground in China currently? You suggested an improvement. I just was curious on some details behind some of those comments. Story continues Sue Nabi: Yes. Good morning. This is Sue speaking. Thank you again for the question. When it comes to the first part of the question, which is around the fragrance shortages specifically focused on the glass components, again, this is indeed the parts of the components that has been the most affected, and this is, I would say, an industry-wide issue and not just at Coty, of course. And this is improving already at the moment where we are talking. Hence, the communication around the sequential acceleration of our sales entering in Jan. And this is clearly something that's a very, very good news, coupled, as you can imagine, with the robust beauty demand, specifically on the fragrance side. So, I would say these two elements altogether give us a lot of confidence that we'll have these shortages slowly, but surely, fixed into the industry widely and at Coty, of course. So -- but I would say the way I would describe the story, did it impact the innovation pipeline? The answer is no. If you look at the way our innovations have been performing on the markets, the results have been, I have to say, outstanding, be it on the Burberry. I can start with this brand, because what's happened, for example, in a market like the U.S. behind Burberry is unprecedented. We've done last year the launch of the Burberry Eau de Toilette. And then, we continued this year, I mean, in September of calendar 2022 with the Burberry Eau de Parfum. And the Eau de Parfum, for the first time, surpassed Eau de Toilette sales, which, by the way, says a lot about the premiumization of this market. Traditionally, any innovation that's a line extension moving from Eau de Toilette to Eau de Parfum is performing 20% to 30% versus Eau de Toilette. In this case, it's bigger, which is really big, big sign. So, this one is doing fantastically well. Burberry Her in the U.S. is climbing the rankings incredibly, which allowed the brand to become a top 10 fragrance brand in the very competitive U.S. market, which is a jump of 9 ranks. If you think about what we've seen behind Hugo Boss in the rest of the world, because the brand is not as big as it is in the rest of the world in the U.S., so if you think about Europe, the rest of the world, Hugo Boss success behind fashion and now translating into the fragrance business allow us to have a top two fragrance launch with Boss Bottled Parfum. If you think about Gucci again with Flora Gorgeous Jasmine, that's the continuity of last year's Gorgeous Gardenia. Again, it's a top two to top five innovation. So, in a way, the shortages didn't prevent us from pursing biggest innovations during calendar '22, our key launches. Last but not the least, Chloe, specifically the line Atelier des Fleurs, Atelier des Fleurs is really booming in all the premiumized markets. If you think about the Asian ones, the Chinese one, hopefully, that is restarting now. This is clearly another leg of growth for us. So, no impact on innovation from what we have seen. Last but not least, again, going to China, we read, again, like all of you the headlines of Jan. being better than expected for the economy in general in this country. We've also seen some pictures that we posted during earnings call today where we see consumers back to stores, which is really a fantastic news for the beauty industry and for our businesses, as you can imagine, having the most important white spaces of the whole industry in terms of companies in this country. So, there is a confirmation. It's not, I would say, a strengthening/acceleration of two things we have seen since, I would say, the post lockdowns of last year and including some recent studies, because we continue to study the consumers' mindset in the country almost on a monthly basis. And we see the premiumization trend accelerating and becoming more radical, if I may say, and building into all categories on one side. And we see on the other side, the healthification trend stronger than ever, which is great for both our business as premiumizing and becoming more and more skincare in the country. And last but not least, something very important we are seeing in the country too is that the shift from, I would say, heritage brands towards new brands active in the Chinese market is stronger than ever. The highest end consumers are now more open than ever to try new brands, new innovation, versus the traditional, I would say, loyalty that we have seen in the past towards more classical and traditional brands. Operator: Our next question comes from Ashley Helgans from Jefferies. See also 13 Top Performing Bitcoin Stocks in January and 20 Most Valuable Swedish Companies . To continue reading the Q&A session, please click here ....
- Reddit Posts (Sample): [['u/Musclemum', 'eToro, IBKR, Tranding212 or GoTrade? (Suggestion please)', 22, '2023-04-09 01:09', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/', "Hello! Which of these brokers are beginner friendly? How much is their starting investment needed? deposit and withdrawal options. Pros and cons?\n\nAlso if you have another suggestions you can give? :)\n\nBackground: I'm a begginner in US stock trading, I'd really appreciate your options regarding these brokers. I've read some posts/comments regarding these brokers but almost all of them are from 2-3 years ago.\n\nP.S I actually have not started any stocks yet (beginner) but I'm opening PH broker which is COL this week and I'm seriously considering international market na din, I just don't know which broker to start first. I also have started but small amounts of BTC and ETH (through coins.ph lng around 2019 and may na gain nman noong 2020 during it's peak, cinnonvert ko lng nag stop din and now I want to go back, but with Maya kasi makita mo talaga sng summary unlike sa coins.p). Now realizing, if I haven't stopped learning on invested, I could've already started investing in stocks (PH & US). Kaso nga lng na busy sa work and workingout lol. So now I'm going back to finally chasing my dream to financial freedom. lol\n\nSorry for the grammar lapses and sa magulong story :)\n\nThank you!", 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/', '12g1jmv', [['u/logcarryingguy', 16, '2023-04-09 02:31', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/jfigxdb/', 'I’m using GoTrade and I can say it’s a very beginner-friendly platform. You can cash in easily from BPI or UnionBank. If you’re not going to do more intense day trading activities, then GoTrade is a good one.', '12g1jmv'], ['u/dongjerms', 10, '2023-04-09 03:46', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/jfiq42s/', 'For ease of use, funding, you’re a newbie, and if you’re in the Philippines, use GoTrade. If you’re in the US, use IBKR. IBKR will look so complex to use for a beginner, and if you dont have the patience, you will end up hating it. IBKR also offers stocks/etf from different countries, I am not sure about GoTrade. In terms of stability, IBKR is a large company compared to GoTrade. They have the lowest fees in the US. They even give around 4% interest rate for unused cash if your balance is >$10K. \n\nI dont have much experience with the other two mentioned. I think in etoro you only trade CFDs, not actual shares? I maybe wrong.', '12g1jmv']]], ['u/Sylerb', "Why you should be using Linux while moving coins on MM etc, and why it isn't as hard as it seems", 32, '2023-04-09 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/', 'Most people here seem to keep on using windows while transacting in crypto, making their hot wallets vulnerable for all types of hacks. Now, I understand why people don\'t like using Linux: it is seen as the OS for teckies and nerds who like to write a hundred lines of code just to open a browser. \n\nWell, sometimes that\'s the case, but Linux can be as easy to use as windows when you choose the right distribution. Linux may seem hard to use because its users like to portray themselves as kings of technlogy who can hack NASA with their terminal (even in movies Linux is glorified), but that\'s just like the herd mentality we have in crypto (we tend to look down on those who have less btc than we do, or those who know nothing about crypto).\n\nFirst of all, you need to understand that hacking Linux is much harder than hacking windows, and to simplify it, you could say that viruses actually can\'t exist in Linux. This doesn\'t mean that linux can\'t get hacked though, it can, but usually when its user runs compromised pieces of code in the terminal.\n\nSecond, not all linux distributions are made for nerds, some like Ubuntu for example are so easy to learn and use. All you need to do is to learn the basic commands to update your system and "upgrade it" (you\'ll learn what that means later on). There are websites like linuxjourney that help you learn commands in a gamified way.\n\nFinally, I get that most of you have work programs to use or want to play games, which makes windows more convinient, but you can learn how to dual-boot your system(as in install windows and linux on the same machine), or buy a cheap pc just to run linux on it (even an old laptop worth 100$ can run it smoothly). Alongside the extra protection, you get to customize your system to your liking( check out r/unixporn) and you are protecting your privacy from the windows trackers.\n\nLet me know if you have any questions(I use arch btw!)', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/', '12g38pt', [['u/rorowhat', 12, '2023-04-09 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/jfih5ad/', 'There are virus in Linux as well, just less of them.', '12g38pt'], ['u/anonfiles311', 11, '2023-04-09 02:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/jfihv5x/', "Linux Mint is on all of my PCs now. I recommend it as it's very similar in layout to Windows, great GUI and has an update manager. I have Windows 10 installed in VirtualBox only for when I need it.", '12g38pt']]], ['u/Oheson', 'Bitcoin is the best-performing asset', 59, '2023-04-09 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/', 'Bitcoin is much more than its fiat value, however, if we just focus on Bitcoin as a fiat investment vehicle over at least a 10-year timeframe, it is the best-performing asset. Yes, there may be diminishing returns for the next 10 years, but everyone should have at least a 10-year mindset when investing in Bitcoin.\n\nhttps://preview.redd.it/niq52eyh9rsa1.png?width=1039&format=png&auto=webp&v=enabled&s=a220e51eb5094320fa0229547a9560c0c09699f8\n\nThis is what people mean when they say "zoom-out".\n\nAlt coins may or may not outperform Bitcoin in the short term, but use Bitcoin as a modern "bank" to maintain your wealth.', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/', '12g3t09', [['u/Maxx3141', 15, '2023-04-09 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/jfil7ol/', "I'm a big BTC fan, but with 2011 this isn't even surprising. If you would make it 2009, it will start with a BTC price of 0. Obviously BTC will outperform any asset in this time range.\n\nIn 2011 the BTC price was also just in a price range between 0.50$ and 25$. At 5$ it was about the same market cap as Moons today.", '12g3t09'], ['u/milonuttigrain', 12, '2023-04-09 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/jfinsli/', 'It is as usual, a cherry pick post with start date and end date in order to confirm the narrative.\n\nAlso market cap for crypto is far smaller than stock and commodity.', '12g3t09']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 09, 2023', 32, '2023-04-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/', '12g85zp', [['u/Passive_Bloke', 26, '2023-04-09 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj5y2p/', 'I’m watching a crow walk along my fence. More interesting than btc charts right now.', '12g85zp'], ['u/skycake21', 19, '2023-04-09 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj8b52/', 'Ayo! Look at this high roller over here with a fence!', '12g85zp'], ['u/EquitiesFIRE', 11, '2023-04-09 06:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj8ezm/', 'The halvening is coming', '12g85zp'], ['u/Snaggletoothlover', 10, '2023-04-09 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjbny2/', 'All hail the eternal crab 🦀', '12g85zp'], ['u/Essexal', 13, '2023-04-09 11:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjx7f7/', 'White paper found on Macs, Pelosi goes balls deep with the AAPL calls.\n\nProbably unrelated. She’s only a politician and not a master inside trader. \n\nThe secret ingredient is crime.', '12g85zp'], ['u/xtal_00', 10, '2023-04-09 12:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjyufo/', 'This thing is your mom tight.\n\nStill long and along for the ride. \n\nI’m betting on up, but we might see some darth maul in here.', '12g85zp'], ['u/cousin_brian', 12, '2023-04-09 19:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jflgbcg/', 'What would Jesus do? He would buy the dip', '12g85zp'], ['u/MadeThisJustForLWIAY', 13, '2023-04-09 20:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jflk6sg/', 'Crab and artichoke dip.', '12g85zp'], ['u/EquitiesFIRE', 10, '2023-04-09 20:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jflmkhc/', 'Theory: this resistance will be support in August/Sept', '12g85zp'], ['u/Antranik', 11, '2023-04-09 20:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jflo6xu/', 'Personal rule: Never short a quiet market. (That doesn’t mean go long here, either.)', '12g85zp'], ['u/PatientlyWaitingfy', 11, '2023-04-09 21:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfltawa/', 'Some volume just showed up', '12g85zp'], ['u/jpdoctor', 23, '2023-04-09 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfluuqm/', 'On the third day, it rose again, in fulfillment of the scriptures.', '12g85zp'], ['u/tempTrad3', 11, '2023-04-09 22:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfm0pgr/', 'This reminds me of a scene in the last chapter of Dickens\' *Tale of Two Cities*.\n \nSydney Carton (who clandestinely volunteers to die in the place of Citizen Evremonde, unjustly imprisoned), is carted off through the streets to the guillotine of the French Revolution. The bystanders are unaware that an innocent man is sacrificing his life, and so they jeer and mock him. But the cowardly guard ("the Spy") who was bribed by the friends to allow Carton\'s switch and Evremonde\'s escape—even this selfish man is humbled by such a selfless act, and quietly tries to get the crowd to stop mocking him.\n \n> The man cries, “Down, Evrémonde! To the Guillotine all aristocrats! Down, Evrémonde!”\n\n> “Hush, hush!” the Spy entreats him, timidly.\n\n> “And why not, citizen?”\n\n> “He is going to pay the forfeit: it will be paid in five minutes more. Let him be at peace.”\n\n> But the man continuing to exclaim, “Down, Evrémonde!” \n \n> The face of Evrémonde *[Sydney Carton disguised]* is for a moment turned towards him. Evrémonde then sees the Spy, and the Spy sees him, and Evrémonde goes his somber way.\n \n> ...Twenty-Three.\n \n \n \nCease, Man. You know not what it is you say.', '12g85zp'], ['u/jarederaj', 13, '2023-04-09 22:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfm1lma/', 'Is it all those low volume sells that drop the price to irrationally low levels?\n\nIt really looks like you have your head in the sand on this one.... Which makes me nervous for my own bias.\n\nExciting!', '12g85zp'], ['u/iEyeOpen', 14, '2023-04-09 23:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfmesxg/', "[https://i.imgur.com/j9G8Zew.png](https://i.imgur.com/j9G8Zew.png)\n\nIt's a perfect symmetrical triangle with a bounce off of the <28k area.\n\nEdit: It's breaking out right as I'm writing this. Fingers crossed it holds.", '12g85zp']]], ['u/kilck', 'Is bitcoin truly a digital commodity?', 18, '2023-04-09 07:13', 'https://www.reddit.com/r/BitcoinBeginners/comments/12g9nzz/is_bitcoin_truly_a_digital_commodity/', 'I am looking at getting into bitcoin besides regular things like prescious metals, and I have a question since the term "digital commodity" get\'s thrown around quite a bit in certain parts of this community, and the question is more philosophical than anything else:\n\nIf bitcoin is a digital commodity much like gold is a physical commodity, then who truly owns the bitcoin if two people have smartphones in their pockets that each have a copy of the same private key with which they can sign transactions? Since you can\'t copy a molecule of gold without creating a new one as far as I\'m aware, and the same piece of gold can\'t be in two people\'s pockets at once, I\'m wondering if the term "digital commodity" is truly applicable?', 'https://www.reddit.com/r/BitcoinBeginners/comments/12g9nzz/is_bitcoin_truly_a_digital_commodity/', '12g9nzz', [['u/dadlif3', 13, '2023-04-09 07:35', 'https://www.reddit.com/r/BitcoinBeginners/comments/12g9nzz/is_bitcoin_truly_a_digital_commodity/jfjesm0/', "The private key is just the prerequisite to move Bitcoin, so if you and let's say your spouse have access to a safe you keep your gold in you share the private key aka the combination to the safe.", '12g9nzz'], ['u/BTCMachineElf', 14, '2023-04-09 07:55', 'https://www.reddit.com/r/BitcoinBeginners/comments/12g9nzz/is_bitcoin_truly_a_digital_commodity/jfjgimn/', "> two people have smartphones in their pockets that each have a copy of the same private key\n\nThey'd both own it, and the first person to spend it wins. But this would only ever happen by choice; you'd have to share your private key with someone,. and why would you do that? Two strangers can never end up with the same private key on accident.\n\nIt'd be exactly like having a bar of gold in a safe where two people know the combination. It's not like there would be two copies of the bitcoin. Bitcoin exists on the blockchain, not on your smartphone. What you hold is the keys to the safe.", '12g9nzz']]], ['u/mica280amg', '0.03 btc in tx sent to some different address', 17, '2023-04-09 07:49', 'https://www.reddit.com/r/Bitcoin/comments/12gad3l/003_btc_in_tx_sent_to_some_different_address/', "I transferred from ledger live 0.06btc to exchange address, the transaction was approved with ledger nano X, but don't know why 0.03btc was sent to some different btc address other than exchange address\n\nLedger live still shows that 0.03 btc as in my balance, but on Bitcoin explorers it is gone to some different address and that address has no transactions\n\nI have legacy Bitcoin address in ledger nano X and that's where I sent funds from\n\nSo basically ledger live shows I still have those 0.03 btc in my holdings, but they belong to different btc address, how's that's possible?", 'https://www.reddit.com/r/Bitcoin/comments/12gad3l/003_btc_in_tx_sent_to_some_different_address/', '12gad3l', [['u/Knurlinger', 22, '2023-04-09 07:56', 'https://www.reddit.com/r/Bitcoin/comments/12gad3l/003_btc_in_tx_sent_to_some_different_address/jfjgmss/', 'That’s your address too and that’s how btc works. Google UTXO model.', '12gad3l'], ['u/longonbtc', 18, '2023-04-09 08:44', 'https://www.reddit.com/r/Bitcoin/comments/12gad3l/003_btc_in_tx_sent_to_some_different_address/jfjkg9j/', 'UTXOs need to be spent in full. Think of it like breaking a bill. Say you have a twenty dollar bill and you want to buy something that costs three dollars. The merchant is going to give you back seventeen dollars as change. \n\nFor example, say you have a 0.09001000 BTC UTXO (unspent transaction output) and you want to send 0.06 BTC to an exchange. You send spend the 0.09001000 BTC UTXO and send 0.06 BTC to the exchange and you spend 0.0001 BTC on the transaction fee and the leftover 0.03 BTC will be sent to your change address that is controlled by the same wallet that you sent the transaction from.', '12gad3l'], ['u/BTCMachineElf', 15, '2023-04-09 10:02', 'https://www.reddit.com/r/Bitcoin/comments/12gad3l/003_btc_in_tx_sent_to_some_different_address/jfjq84n/', 'There is no such thing as a main address. Your wallet has ~~thousands of~~ 2^(31\\*) (2.1475 billion) addresses. Leave it where it is, there is absolutely no reason to move it.\n\n\\*given a definite number directly from ex(?) Bitcoin Core developer Pieter Wuille below', '12gad3l']]], ['u/AdHot6995', 'I have 2 bitcoin accounts on a ledger, do they share the same seed?', 11, '2023-04-09 11:43', 'https://www.reddit.com/r/ledgerwallet/comments/12ger4o/i_have_2_bitcoin_accounts_on_a_ledger_do_they/', 'I just realised that I had 2 accounts for BTC on my ledger, do they share the same seed? I believe so but just want to make sure', 'https://www.reddit.com/r/ledgerwallet/comments/12ger4o/i_have_2_bitcoin_accounts_on_a_ledger_do_they/', '12ger4o', [['u/Dense-Air-4102', 17, '2023-04-09 11:51', 'https://www.reddit.com/r/ledgerwallet/comments/12ger4o/i_have_2_bitcoin_accounts_on_a_ledger_do_they/jfjxp07/', 'Every address your ledger generates is from the same seed.', '12ger4o']]], ['u/LastWeekInCollapse', 'Last Week in Collapse: April 2-8, 2023', 431, '2023-04-09 12:37', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/', '[*Candida Auris*](https://theconversation.com/deadly-fungus-candida-auris-is-spreading-across-us-hospitals-a-physician-answers-5-questions-about-rising-fungal-infections-203205), antibiotic-resistant bacteria, record sea surface temperatures, [global terrorism](https://www.aa.com.tr/en/africa/terrorism-deaths-in-africas-sahel-spiked-2-000-in-15-years-report/2852664), expanding H5N1, and the dramatic implications of melting sea ice… \n\n**Last Week in Collapse: April 2-8, 2023**\n\nThis is *Last Week in Collapse*, a weekly newsletter bringing together some of the most important, timely, helpful, depressing, ironic, stunning, or otherwise must-see moments in Collapse. \n\nThis is the 67th newsletter. You can find the March 26-April 1 edition [here](https://old.reddit.com/r/collapse/comments/129djc0/last_week_in_collapse_march_26april_1_2023/) if you missed it last week. These newsletters are also [on Substack](https://substack.com/profile/18092228-last-week-in-collapse) if you want them sent to your email inbox. \n\n——————————\n\nTunisia [is cutting water access](https://www.theguardian.com/global-development/2023/apr/05/water-ban-in-drought-stricken-tunisia-adds-to-growing-crisis) for 7 hours every night, and **the nation’s reservoirs are 30% below capacity**—and sinking. Tunisia relies heavily on groundwater, but four consecutive years of drought and heat waves are drying up their hope, too. An executive from the World Wildlife Fund said, “**This was predicted as far back as the 1970s but we’ve never really seen any action**. Matters deteriorated after the revolution, where **successive governments promised everything but did nothing**.”\n\nThe Antarctic Plateau has already [set **new April temperature records**](https://twitter.com/extremetemps/status/1643602182992715780), -26.9 °C (-16 °F). When all the Antarctic ice [eventually melts](https://www.iflscience.com/this-is-what-antarctica-looks-like-naked-beneath-all-the-ice-68321), sea levels will rise by an estimated 58m (190 feet). \n\nAntarctic meltwater [is projected to have cataclysmic effects](https://theconversation.com/torrents-of-antarctic-meltwater-are-slowing-the-currents-that-drive-our-vital-ocean-overturning-and-threaten-its-collapse-202108) over the next 30 years, if you believe [this *Nature* study](https://www.nature.com/articles/s41586-023-05762-w). It posits that the **overturning circulation**—the exchange of oxygen and nutrients between deep & surface ocean waters—**will slow by 40%+ and that the AMOC will weaken by about 20% *by the year 2050*.** The consequences of this feedback loop are enormous—and probably unavoidable.\n\nEstimates on the amount of glacier ice lost in the Himalayan glaciers have been revised; it turns out [the mass was underestimated by 6.5%](https://news.st-andrews.ac.uk/archive/new-study-reveals-invisible-glacier-loss-in-the-greater-himalaya/), based on [this *Nature Geoscience* study](https://www.nature.com/articles/s41561-023-01150-1). Now glacial lake sizes have to be reassessed and new models run to determine flooding/melting risks.\n\nThe data are in, and the Bay of Fundy [hit an all-time temperature high](https://ca.news.yahoo.com/bay-fundy-temperatures-hit-record-174051196.html) last year, with surface sea temperatures 1.4 °C warmer than average. Spring in the eastern United States [is warm](https://grist.org/health/warming-temperatures-trigger-earliest-spring-on-record-in-parts-of-eastern-us/), causing plants to blossom earlier than usual. Yet in France, [late frosts](https://www.connexionfrance.com/article/French-news/Temperatures-in-France-set-to-plummet-protect-your-plants) are killing tender young plants emerging into a false spring. \n\nTemperatures of the coast of Peru [are warmer than usual](https://twitter.com/extremetemps/status/1643753269448298497), and are attributed to **El Niño’s growing impact**. El Niño is also being blamed for [the **world’s warmest sea surface temperatures**](https://www.theguardian.com/environment/2023/apr/08/headed-off-the-charts-worlds-ocean-surface-temperature-hits-record-high) ever. Botswana also [set a new heat record](https://twitter.com/extremetemps/status/1644356929190346754) for April.\n\nUganda, which apparently had glaciers once, [is losing its glaciers](https://e360.yale.edu/features/rwenzoris-mount-stanley-africa-glaciers-climate-change) to climate change. [**Drought and starvation**](https://www.africanews.com/2023/04/06/refugee-camp-in-kenya-at-breaking-point-following-severe-droughts/) have come to refugee camps in Kenya.\n\nParts of Ethiopia and Somalia [saw **flash floods**](https://reliefweb.int/report/somalia/horn-africa-flash-flooding-destroys-homes-livestock-families-facing-worlds-worst-hunger-crisis) after years of megadrought. The long-dry **soil has become unable to absorb water**, and over 50 people died, with tens of thousands displaced. \n\nAn [avalanche killed 7 people](https://indianexpress.com/article/india/sikkim-avalanche-live-updates-nathula-pass-border-area-land-slide-death-count-8537784/) in India. In Nigeria’s city Abuja (population 3.8M), [**heat waves have broken the power system**](https://www.legit.ng/business-economy/energy/1528877-amid-heatwave-power-collapses-abuja-aedc-management-struggles/), giving people electricity for only two hours a day.\n\nCambodia’s drought is getting so concerning that [farmers are asked not to plant a rice crop](https://www.ucanews.com/news/cambodias-water-shortages-blamed-on-extended-dry-spell/100898). **Sacrifice water or sacrifice food**…this is not an easy choice. Water scarcity is [worsening in Kenya](https://news.mongabay.com/2023/04/drying-wetlands-and-drought-threaten-water-supplies-in-kenyas-kiambu-county/), too, taking down agriculture and animals with it. What happens after [all the livestock die](https://archive.ph/y35vE)? \n\n[Dead Pool](https://theconversation.com/what-is-dead-pool-a-water-expert-explains-182495): a phenomenon where water levels in a reservoir drop so much that water cannot flow downriver, and therefore dams cannot generate electricity.\n\nAlthough California received a large amount of snow recently, [Lake Powell and Lake Powell are drying quickly](https://www.newsweek.com/lake-mead-water-levels-record-lows-april-1792921), and approaching dead pool levels within a year or two. Meanwhile, [greenhouse gas emissions continue rising](https://www.theguardian.com/environment/2023/apr/06/greenhouse-gas-emissions-noaa-report-us-data) at uncontrollable speed.\n\nSurprising nobody, [humanity is not retiring coal fast enough](https://www.theguardian.com/environment/2023/apr/06/coal-power-phaseout-far-to-slow-climate-chaos-china-global) to avert an environmental catastrophe. Last year, [China built the equivalent](https://www.npr.org/2023/03/02/1160441919/china-is-building-six-times-more-new-coal-plants-than-other-countries-report-fin) of [**two new coal power plants every week**](https://energyandcleanair.org/wp/wp-content/uploads/2023/02/CREA_GEM_Press-release_China-permits-two-new-coal-power-plants-per-week-in-2022.pdf). Last week, Global Energy Monitor released [a 43-page report](https://globalenergymonitor.org/wp-content/uploads/2023/03/Boom-Bust-Coal-2023.pdf) on the growth and decay of the coal industry.\n\n——————————\n\nChinese Yuan [has replaced the US dollar](https://archive.ph/crB6m) as the most traded currency in Russia, a signal that **Russia and China are tightening their economic alliance** against the U.S. China’s [ambitions](https://asia.nikkei.com/Opinion/China-s-military-buildup-shows-its-ambitions-go-well-beyond-Taiwan) lie beyond Taiwan, and a [showdown over rare earth metals](https://www.digitimes.com/news/a20230406VL206/china-rare-earth.html) is developing. \n\nThe number of children killed by firearms in the United States [rose 50% in two years](https://www.pewresearch.org/fact-tank/2023/04/06/gun-deaths-among-us-kids-rose-50-percent-in-two-years/). >!2,590!< children were killed by guns in 2021. A [majority of US states](https://www.thetrace.org/2023/04/permitless-concealed-carry-gun-law-map/) (not people) now allow people to concealed carry handguns without a government permit.\n\nAfter [a deal fell through](https://www.africanews.com/2023/04/07/hundreds-protest-in-khartoum-as-government-deal-delayed/) between pro-democracy actors and the Sudanese military, [protests in Sudan](https://www.aljazeera.com/news/2023/4/6/sudans-pro-democracy-activists-mark-anniversary-with-protests) called for the dissolution of the Janjaweed militia, an Arab force that backs the government (which seized power in a 2021 coup). Now [the top two generals are quarreling](https://archive.ph/q3lrc), and all sorts of people are slowly being caught in between. And [the economy is plummeting](https://archive.ph/MKbin). \n\n[**Finland joined NATO**](https://www.bbc.com/news/world-europe-65173043) officially last week; [Sweden’s entry is still being held up](https://asia.nikkei.com/Politics/International-relations/Turkey-likely-to-accept-Sweden-NATO-entry-after-elections-analysts) by Türkiye. Release of [allegedly classified Ukrainian assault plans](https://www.dw.com/en/us-probing-possible-leak-of-ukraine-war-documents/a-65261799) has led to difficulties and second-guessing. China is [still playing middleman](https://edition.cnn.com/2023/04/07/europe/russia-ukraine-eu-needs-china-intl-cmd/index.html) for the EU and Russia, positioning itself for the future.\n\nOver [$10B of damage to Ukraine’s infrastructure](https://reliefweb.int/report/ukraine/damage-ukraines-power-gas-and-heating-infrastructure-exceeds-10-billion-according-new-assessment-un-development-programme-and-world-bank-enuk) has been inflicted, and the pricetag continues rising. Though the War is not yet over—and may not be for a long time—the [rebuilding has already begun](https://www.theguardian.com/world/2023/apr/01/ukraine-rebuild-bucha-prompts-corruption-reconstruction). \n\nThe amount of damage caused by **small armed groups** continues to grow. In the DRC, soldiers from the M23 gang, alongside other warriors, [have killed ~1,400 people](https://reliefweb.int/report/democratic-republic-congo/10-million-people-democratic-republic-congo-urgently-need-aid-amidst-increased-violence) since the start of 2023. **Hundreds of thousands of people have fled**, interrupting a planting season that will not yield a large harvest. **The need for food is growing**, since the population of eastern Congo’s refugee camps are swelling with new arrivals. [This NSFW video](https://old.reddit.com/r/CombatFootage/comments/129nvyh/congolese_troops_retreating_during_fight_against/) from r/CombatFootage shows Congolese troops retreating from M23 fighters, a rare (if incomplete) look into this obscure War.\n\nAfter [Taiwan’s President visited the U.S.](https://apnews.com/article/china-taiwan-united-states-mccarthy-tsai-7f33d0bb7c307bb26da39b39df688b71) last week, China’s military [began a 3-day “exercise” encircling Taiwan](https://www.bbc.com/news/world-asia-65219219). China’s navy patrols are allegedly also [ordering ship inspections](https://www.foxnews.com/world/china-launches-patrols-the-taiwan-strait-orders-inspections-ships-taiwan-says-it-will-not-comply)—and potentially even boarding ships, though Taiwan will not comply. Is this preparation for a future blockade, military misdirection, or just aggressive negotiations? \n\nThe Institute for Economics & Peace—which I was once loosely affiliated with—has released its 95-page [**2023 Global Terrorism Index**](https://www.visionofhumanity.org/wp-content/uploads/2023/03/GTI-2023-web-270323.pdf). Terrorism deaths in 2022 are down by 9%—according to [their classification](https://www.dragonflyintelligence.com/intelligence/terrorismtracker/), which indicates that the most dangerous terror groups today are all some shade of Islamism. Most of the terrorism (as they label it) is found in the Sahel and Sub-Saharan Africa, according to their report. You can read [a 2-page executive summary here](https://www.visionofhumanity.org/wp-content/uploads/2023/03/GTI-2023-Briefing.pdf). \n\n>”The ten most impacted countries by terrorism on Global Terrorism Index has consistently featured countries experiencing instability, poverty, weak governance and conflict. Climate change can aggravate these conditions, and other inter-linked challenges including resource scarcity, and food and energy security. While the relationship between each of these conditions and climate change is not always causal (and in some instances, remains contested), **climate change acts as a threat multiplier.** In turn, research shows that these conditions – particularly **conflict, weak governance and instability – can act as strong drivers towards radicalization to terrorism**.”\n\nMost of the terror-impacted states are coordinated with low resilience to ecological dangers, as measured in IEP’s 81-page [Ecological Threat Report](https://www.visionofhumanity.org/wp-content/uploads/2022/10/ETR-2022-Web-V1.pdf) from October 2022. If you’ve been following the weekly-updated **Collapse Maps** by u/a_collapse_map , you might find some of the graphics in both reports interesting.\n\nPalestinian officials claim a “red line” was crossed when [Israeli police cleared out worshipers](https://www.bbc.com/news/world-middle-east-65187651) from the Al-Aqsa Mosque, also known as the Temple Mount, one of the holiest sites in the world. Observers fear that more clashes could happen soon and further escalate an already fragile situation.\n\nJohannesburg is [descending into **pockets of lawlessness**](https://archive.ph/D0C8C) as the police are intimidated by rival gangs of illegal miners looking for gold—literally. These desperate miners are diverting water supplies, selling off infrastructure for scrap, fighting back police and competitors, and looking for chunks of gold in the soil. [Johannesburg started as a gold mining outpost](https://en.wikipedia.org/wiki/Witwatersrand_Gold_Rush) in 1886. Today, the city’s wealthy residents are fleeing before the gangsters come for their families—or accidentally cut into a gas line and blow up a neighborhood.\n\nSaudi Arabia is [lifting its trade restrictions in Yemen](https://www.aljazeera.com/news/2023/4/7/saudi-led-coalition-lifts-import-restrictions-in-south-yemen), ending an 8+ year block on shipping to the war-torn region. China may [be brokering a deal](https://www.npr.org/2023/04/06/1168205005/saudi-and-iranian-envoys-meet-in-china) to end the [Yemeni Civil War](https://en.wikipedia.org/wiki/Yemeni_civil_war_(2014%E2%80%93present)), or at least most of the open fighting. Iran’s [surveillance state continues growing](https://www.bbc.com/news/world-65220595). \n\nHundreds of thousands of people, perhaps more, [continue protesting in France](https://www.theguardian.com/world/2023/apr/06/france-pension-protests-paris-brasserie-macron) over President Macron’s attempt to raise the retirement age by two years. French police [react](https://apnews.com/article/france-protests-police-violence-5a2e01ed4fbcfeee6a3ac098db94339c) in the only way they know how.\n\n——————————\n\nThe world may see [a chickpea shortage](https://www.foxweather.com/extreme-weather/chickpea-shortage-continues-2023) within 6 months, since India’s drought-stricken chickpea farms have yielded sub-par harvests. \n\nOur **globalized, complex, stressed economy** [has produced a totally unpredictable market](https://archive.ph/p69MC) for investors—and a nightmare scenario for most commoners. A growing [**debt cycle**](https://uk.finance.yahoo.com/news/distressed-debt-cycle-already-strategic-131614171.html) with rising interest rates is upon us, [oil extraction cuts](https://archive.ph/8IqR6) fueling [**stagflation**](https://archive.ph/X41Ia), and the [generational wealth gap](https://archive.ph/RE2hR) is only stretching more. Many countries are [reaching **record inflation**](https://archive.ph/2VOOy) levels that are [heading to disaster](https://www.geo.tv/latest/480439-pakistans-economic-crisis-likely-turning-into-catastrophe-atif-mian-warns). Are we moving towards the [much-expected financial crash](https://archive.is/63Uo4) soon? Is Bitcoin safe, or a doomed “asset”? Will there really be an end to this depression, or is this merely the overture to the long goodbye to “normal” market conditions?\n\nGangsters [killed 50+ people in rural Nigeria](https://www.bbc.com/news/world-africa-65215126), and have not been caught. The gunmen are believed to be nomadic herders, who often clash with settled farmers over access to resources, among other issues.\n\nTunisia [is **growing more hostile to migrants**](https://archive.ph/N2zLZ), pushing many to flee by boat or by foot. Ahead of its May elections, [Türkiye is also stepping up operations](https://www.infomigrants.net/en/post/47945/turkey-cracks-down-on-migrants-in-major-operation-as-preelection-rhetoric-heats-up) to crack down on “irregular migrants” and people smugglers. \n\n23 countries [are experiencing **cholera outbreaks**](https://www.care-international.org/news/deadly-cholera-pandemic-threatens-millions-pregnant-and-breastfeeding-women-high-risk) now, most of them being affected by malnutrition, conflict, and/or natural disasters.\n\nChinese scientists [published a bunch of COVID data](https://www.bbc.com/news/science-environment-65204169) in a recent [*Nature* article](https://www.nature.com/articles/s41586-023-06043-2) about the Huanan Seafood Market in Wuhan. Whether you believe the data is up to you; I can’t make sense of most of it anyway. Some human brains [are experiencing memory difficulties](https://abcnews.go.com/Health/people-forgetting-covid-pandemic-memories/story?id=97996741) around the early days of COVID as part of a **complex trauma response** that we may never solve.\n\nMigratory birds are returning to the UK, [bringing H5N1](https://news.sky.com/story/scientists-on-high-alert-for-bird-flu-as-seabirds-return-to-uk-coast-12851372) with them. Meanwhile, [American housecats are getting bird flu](https://bnonews.com/index.php/2023/04/3-cats-in-the-us-test-positive-for-bird-flu/), and a [dog in Ontario](https://www.canada.ca/en/food-inspection-agency/news/2023/04/domestic-dog-tests-positive-for-avian-influenza-in-canada.html) died from H5N1. The United States has **culled over 50,000,000 birds since January 2022**, and Japan is killing so many that [it’s running out of space to bury them](https://edition.cnn.com/2023/04/06/business-food/japan-bird-flu-land-shortage-intl-hnk/index.html). \n\nA writer in *Scientific American* claims [we are losing the numbers game](https://www.scientificamerican.com/article/bird-flu-is-surging-dialing-back-its-pandemic-risk-starts-with-prevention/), and avian flu may overwhelm us [if we don’t increase vaccine production](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5788307/). Although a [few countries are administering HPAI vaccines](https://www.foodsafetynews.com/2023/04/the-bird-flu-vaccine-isnt-available-in-the-u-s/), like [Mexico](https://avinews.com/en/mexico-to-start-vaccinations-against-avian-flu/) most are not. Most nations have not approved H5N1 vaccines yet. In the immortal words of the inimitable George Carlin, [the planet is gonna shake us off like a bad case of fleas](https://youtu.be/7W33HRc1A6c?t=228). \n\n——————————\n\n*Things to watch next week include:*\n\n↠ *Extrapolations*, a new series from Apple TV+, [is all about the climate crisis](https://www.axios.com/2023/04/06/extrapolations-apple-tv-climate), exploring the coming catastrophe in different times and from various perspectives. You can stream it now, but I haven’t tried it yet. Can anyone vouch for it? It has very mixed reviews so far.\n\n*Select comments/threads from the subreddit last week suggest:*\n\n-AI is taking off, and [this thread](https://old.reddit.com/r/collapse/comments/12e0zv6/society_is_absolutely_asleep_at_the_wheel_in/) and its many comments are alarmed about the **unavoidable disruption**(s) coming. [Italy banned ChatGPT](https://www.independent.co.uk/tech/chatgpt-ban-germany-ai-privacy-b2314487.html) last week, and now Germany is considering a ban, too. However, there is no escaping the future. Interestingly, [India said they’re not regulating AI research](https://gizmodo.com/ai-chatgpt-google-bard-india-will-not-regulate-ai-1850305129) and companies.\n\n-One [weekly observation](https://old.reddit.com/r/collapse/comments/12afhkg/weekly_observations_what_signs_of_collapse_do_you/jeys2xe/) from last week highlights how much **the Internet has itself become a battlefield—and we’re all been conscripted** into the (mis)information War(s). The hostility among people holding different opinions has reached a fever pitch, and has permeated almost all communities on Reddit, Twitter, YouTube, etc. Maybe the name “Discord” was a little too on-the-nose.\n\n-This [thread](https://old.reddit.com/r/collapse/comments/12cn1ll/cdc_warns_dangerous_fungus_infection_poses/) discusses *Candida Auris*, the superfungus spreading undetected across the United States. There have been 1,000+ cases in Nevada in the last 18 months. And [this thread](https://old.reddit.com/r/collapse/comments/12f7b5p/antibioticresistant_super_bacteria_found_for_the/) discusses the **antibiotic-resistant bacteria found in LA wastewater**, posing a remarkable threat—especially to people with weakened immune systems. \n\nGot any feedback, questions, comments, articles, wisdom, maps, dossiers, off-grid laundry advice, etc.? Consider joining the [***Last Week in Collapse* SubStack**](https://substack.com/profile/18092228-last-week-in-collapse) if you don’t want to check r/collapse every Sunday, you can get this newsletter sent to your email inbox every weekend. I always forget something... What did I miss this week?', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/', '12gfsbp', [['u/Cryogeneer', 14, '2023-04-09 13:00', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk2jk9/', 'Thank you, as always.', '12gfsbp'], ['u/fieria_tetra', 71, '2023-04-09 13:11', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk3cra/', '"Lake Powell and Lake Powell are drying quickly"\n\nTypo?\n\nThanks for the info, a great read, as always', '12gfsbp'], ['u/Classic-Edge-381', 49, '2023-04-09 13:11', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk3f9u/', 'Thanks for all the work you do.', '12gfsbp'], ['u/creepindacellar', 28, '2023-04-09 13:16', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk3s4q/', 'bitcoin was never safe or an asset.\n\n​\n\nthanks again for the great weekly rundown.', '12gfsbp'], ['u/Old_galadriell', 31, '2023-04-09 13:17', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk3uk5/', 'Thanks for the compilation, appreciated as always.', '12gfsbp'], ['u/Perfect_Machine_8353', 24, '2023-04-09 13:47', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk6drp/', 'Thank you indeed, this is an amazing overview and gives so much context as to why things are the way they are.', '12gfsbp'], ['u/totpot', 73, '2023-04-09 14:06', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk80oh/', 'Southern Taiwan is in the midst of a severe drought right now. This happens to be where most of the factories and nearly all the semiconductor plants are. [One city is already rationing water](https://www.cw.com.tw/graphics/drought-2023-en/). The second largest city has decreased water pressure - the last step before rationing water.', '12gfsbp'], ['u/dumnezero', 28, '2023-04-09 14:11', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfk8it4/', ">Johannesburg is descending into pockets of lawlessness as the police are intimidated by rival gangs of illegal miners looking for gold—literally. These desperate miners are diverting water supplies, selling off infrastructure for scrap, fighting back police and competitors, and looking for chunks of gold in the soil. Johannesburg started as a gold mining outpost in 1886. Today, the city’s wealthy residents are fleeing before the gangsters come for their families—or accidentally cut into a gas line and blow up a neighborhood.\n\nWhile this is an obvious case of [catabolic capitalism](https://www.resilience.org/stories/2019-12-03/catabolism-capitalisms-frightening-future/), it's important to point out that the such a situation would require military intervention, for one thing, but you also have to go after the metal buyers and traders. It's often these centers for metal collection. They're essentially laundering the metal, like bankers launder money. \n\nThere always seem to be some corrupt local officials and authorities involved in this shit.\n\n>The world may see a chickpea shortage within 6 months, since India’s drought-stricken chickpea farms have yielded sub-par harvests.\n\nPlant more chickpeas, less feed crops.\n\n>Gangsters killed 50+ people in rural Nigeria, and have not been caught. The gunmen are believed to be nomadic herders, who often clash with settled farmers over access to resources, among other issues.\n\nThese are the homologues of US ranchers (and their militias). \n\n>Chinese scientists published a bunch of COVID data in a recent Nature article about the Huanan Seafood Market in Wuhan. Whether you believe the data is up to you; I can’t make sense of most of it anyway.\n\nI saw the preprint a while back. They found lots of positive samples in the market, but they also included samples for long period after January 1st, which is fucking stupid. The market animals were cleared out and likely destroyed when it was closed, some freezer samples aren't relevant for the *live market* aspects. \n\n>Meanwhile, American housecats are getting bird flu\n\nKeep cats indoors. Always, stop letting the little terrorists roam free.\n\n>You can stream it now, but I haven’t tried it yet. Can anyone vouch for it? It has very mixed reviews so far.\n\nIt's nice. It's Sci-Fi green capitalism so far. Almost realistic dystopian stuff. \n\n>One weekly observation from last week highlights how much the Internet has itself become a battlefield—and we’re all been conscripted into the (mis)information War(s). \n\nThe wars have been going on for a long time, there are just more participants now, more networks. And, no, there's no neutrality. The privatization of reality must not happen.", '12gfsbp'], ['u/Steph_Ren', 13, '2023-04-09 14:27', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfka0uq/', 'Is it possible to go to Mexico to get the HPAI vaccine?', '12gfsbp'], ['u/Twisted_Cabbage', 24, '2023-04-09 15:26', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfkg5uk/', 'Highly recommend giving Extrapolations a watch on Apple TV.', '12gfsbp'], ['u/keeping_the_piece', 22, '2023-04-09 15:27', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfkgd1v/', 'The first two episodes of Extrapolations on Apple TV are strong and they decrease in quality as the season progresses. For a show that prides itself on telling the story of climate change, some of the characters are silly and the plots unrealistic.\n\nI do enjoy the core concept of show: placing climate change as the main character. I believe this trend will continue in more TV series as we’re forced to confront what life will mean in an increasingly hostile planet.\n\nIf you’re looking for fictional books that take place in the not-so-distant future, I highly recommend [“The Deluge”](https://www.latimes.com/entertainment-arts/books/story/2023-01-10/stephen-markley-swings-for-the-fences-with-an-epic-climate-novel-the-deluge) by Stephen Markley. Despite the 900 pages, the plot moves quickly and the characters are extremely relatable.', '12gfsbp'], ['u/LastWeekInCollapse', 75, '2023-04-09 15:45', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfkihjs/', 'Ahh, it was supposed to be Lake Mead and Lake Powell. Almost all lakes are drying up these days—except a few [glacial lakes](https://eos.org/articles/glacial-lakes-can-unleash-deadly-deluges-how-risky-are-they).', '12gfsbp'], ['u/See_You_Space_Coyote', 10, '2023-04-09 17:30', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfkwc31/', 'Thanks for the report, fantastic work.', '12gfsbp'], ['u/bluebambuebree', 14, '2023-04-09 18:13', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfl2kz5/', 'Great as always. \n\nIf Cambodian rice practices are similar to the practices I heard about in Thailand, the second rice crop is usually a cash crop for selling and the first is the one used for the farmers own consumption.', '12gfsbp'], ['u/Mountain_Fig_9253', 20, '2023-04-09 19:34', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfleez6/', 'I would imagine semiconductor manufacturing is extremely water intensive.', '12gfsbp'], ['u/abadon2011', 11, '2023-04-09 20:49', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jflp8ao/', "I have passed this thread to chatgpt so that he can summarize it and he has refused. He says it's fictional. In the end I have convinced him but he says that everything is a lie. He is a denier!!", '12gfsbp'], ['u/QueenOfMetals', 27, '2023-04-09 20:50', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jflp9nx/', '2,590 children is more than 86 classrooms at 30 students per class.\n\nOnly 406 less than died in 9/11.\n\nThat is a sickening statistic.', '12gfsbp'], ['u/survive_los_angeles', 13, '2023-04-09 21:01', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jflqvkr/', 'coming to china and the usa in a rush to bring semiconducters within their borders.. water usage galore', '12gfsbp'], ['u/LastWeekInCollapse', 24, '2023-04-09 23:32', 'https://www.reddit.com/r/collapse/comments/12gfsbp/last_week_in_collapse_april_28_2023/jfmbvat/', "The process varies depending on how busy I am during the week. Ideally, each week's newsletter grows a little bit every day from Monday to Saturday as I find new articles & reports. Sometimes people send me articles to make my job easier (hint hint). I write and edit the whole thing in Reddit formatting style as the week goes on, and by the end of the week it feels like the next post wrote itself without much effort. Final edits on Sunday morning, then I transfer the whole thing to Substack for re-formatting and adding images.\n\nDuring busy times, like last week, I just save a few interesting Reddit comments & articles as the week progresses, but I probably don't get around to writing more than a couple paragraphs during the week. On Saturday, I commit a few doomy hours to news research, trawling important subreddits, Twitter, and my ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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29652.98, 30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss. Insights: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Prices CoinDesk Market Index (CMI) 1,225 +11.6 ▲ 1.0% Bitcoin (BTC) $28,383 +355.3 ▲ 1.3% Ethereum (ETH) $1,863 +8.4 ▲ 0.5% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,018 +6.1 ▲ 0.3% Nikkei 225 27,518.31 +45.7 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,225 +11.6 ▲ 1.0% Bitcoin (BTC) $28,383 +355.3 ▲ 1.3% Ethereum (ETH) $1,863 +8.4 ▲ 0.5% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,018 +6.1 ▲ 0.3% Nikkei 225 27,518.31 +45.7 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is a Sharp Move in the Offing? Good morning Asia. Bitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863. The CoinDesk Market Index , a measure of the overall crypto market\'s performance, is up about 1%. “The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk. DiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.” “The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added. Ether\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week, will bring selling pressure . Story continues CryptoQuant wrote in a research report from February that the majority of ether staked was at a loss, with the average loss at 18%. “Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote. Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +1.6% Currency Bitcoin BTC +1.2% Currency Solana SOL +0.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.6% Smart Contract Platform Polygon MATIC −0.4% Smart Contract Platform XRP XRP −0.1% Currency Insights SBF, Revenge and the Future of Global Crypto Leadership With Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making. Last week, I warned of a dangerous politicization trend in U.S. crypto policy following a barrage of regulatory enforcement actions taken against this industry. I remain concerned about that trend, but my view is now slightly more nuanced thanks to the insights of two people with very good D.C. connections. They explained how emotions – specifically anger and embarrassment – played a huge role in driving those policy actions. It reminded me of the importance of clear, inviolable rules of governance, whether they’re baked into democratic institutions such as the U.S. Constitution or forged into consensus mechanisms used by open-source software communities, like those attached to blockchain protocols. Regulation by retribution Among a string of “Thanks Sam” moments these past five months, this one takes the cake. You can argue that the crackdown against Kraken , Coinbase , Paxos , Binance and others was driven significantly by a desire to punish Sam Bankman-Fried, the erstwhile founder of FTX, whose mind-blowingly rapid collapse in November sent shock waves through the crypto industry. This is how one of my sources described the mindset of Biden administration officials and of lawmakers from both political parties: “You can’t come into their house, slosh that kind of money around, leave politicians with egg on their faces and not expect to pay a huge price.” He was referring to the fact that before the FTX meltdown, politicians – mostly Democrats but also some Republicans – had been beneficiaries of more than $74 million in political donations from FTX and had forged connections with Bankman-Fried, who had wooed progressives with his “effective altruism” commitments. (A CoinDesk investigation found that one-third of Congress took money from Bankman-Fried or his associates.) Find the full story here : Important events. International Monetary Fund meeting 1 p.m. HKT/SGT(5 a.m. UTC): Japan consumer confidence and Eco Watchers survey (March) 8:15 p.m. (UTC): New York Fed President John C. Williams speech CoinDesk TV In case you missed it, here is the most recent episode of The Hash on CoinDesk TV : U.S. Treasury Says DeFi Threatens National Security; MacOS Mystery Over Hidden Bitcoin White Paper "The Hash" tackles today\'s hot topics: The U.S. Treasury Department dropped its first report assessing the risks of decentralized finance . Some crypto traders are warning about the market outlook for Shiba Inu dog-themed meme coins. India is planning to rapidly scale its central bank digital currency testing of the digital rupee. Plus, is there a secret Bitcoin maxi working at Apple (AAPL)? Headlines Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn: Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally. Bank of England Targets 30-Strong Team for Digital Currency: Report Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect. Sushi DEX Approval Contract Exploited For $3.3M: Developers asked users to revoke contracts as a security measure early Sunday. Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling: Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim and the smell of cannabis permeated the office.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss.\nInsights:In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried.\nCoinDesk Market Index (CMI)\n1,225\n+11.6▲1.0%\nBitcoin (BTC)\n$28,383\n+355.3▲1.3%\nEthereum (ETH)\n$1,863\n+8.4▲0.5%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,018\n+6.1▲0.3%\nNikkei 225\n27,518.31\n+45.7▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,225", "+11.6\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,383", "+355.3\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "+8.4\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,018", "+6.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,518.31", "+45.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Sharp Move in the Offing?\nGood morning Asia.\nBitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863.\nTheCoinDesk Market Index, a measure of the overall crypto market\'s performance, is up about 1%.\n“The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk.\nDiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.”\n“The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added.\nEther\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week,will bring selling pressure.\nCryptoQuant wrote in aresearch report from Februarythat the majority of ether staked was at a loss, with the average loss at 18%.\n“Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+1.6%", "DACS Sector": "Currency"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.2%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}]\nSBF, Revenge and the Future of Global Crypto Leadership\nWith Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making.\nLast week,I warned of a dangerous politicization trend in U.S. crypto policy following a barrage of regulatory enforcement actions taken against this industry. I remain concerned about that trend, but my view is now slightly more nuanced thanks to the insights of two people with very good D.C. connections. They explained how emotions – specifically anger and embarrassment – played a huge role in driving those policy actions.\nIt reminded me of the importance of clear, inviolable rules of governance, whether they’re baked into democratic institutions such as the U.S. Constitution or forged into consensus mechanisms used by open-source software communities, like those attached to blockchain protocols.\nRegulation by retribution\nAmong a string of “Thanks Sam” moments these past five months, this one takes the cake. You can argue that the crackdown againstKraken,Coinbase,Paxos,Binanceand others was driven significantly by a desire to punish Sam Bankman-Fried, the erstwhile founder of FTX, whose mind-blowingly rapid collapse in November sent shock waves through the crypto industry.\nThis is how one of my sources described the mindset of Biden administration officials and of lawmakers from both political parties: “You can’t come into their house, slosh that kind of money around, leave politicians with egg on their faces and not expect to pay a huge price.” He was referring to the fact that before the FTX meltdown, politicians – mostly Democrats but also some Republicans – had been beneficiaries of more than$74 million in political donationsfrom FTX and had forged connections with Bankman-Fried, who had wooed progressives with his“effective altruism”commitments. (A CoinDesk investigation found thatone-third of Congresstook money from Bankman-Fried or his associates.)\nFind the full storyhere:\nInternational Monetary Fund meeting\n1 p.m. HKT/SGT(5 a.m. UTC):Japan consumer confidence and Eco Watchers survey (March)\n8:15 p.m. (UTC):New York Fed President John C. Williams speech\nIn case you missed it, here is the most recent episode ofThe HashonCoinDesk TV:\nU.S. Treasury Says DeFi Threatens National Security; MacOS Mystery Over Hidden Bitcoin White Paper\n"The Hash" tackles today\'s hot topics: The U.S. Treasury Department dropped its first report assessing the risks ofdecentralized finance. Some crypto traders are warning about the market outlook for Shiba Inu dog-themed meme coins. India is planning to rapidly scale its central bank digital currency testing of the digital rupee. Plus, is there a secret Bitcoin maxi working at Apple (AAPL)?\nJump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn:Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally.\nBank of England Targets 30-Strong Team for Digital Currency: Report Among the positions available:Digital Pound Security Architect and Digital Pound Solutions Architect.\nSushi DEX Approval Contract Exploited For $3.3M:Developers asked users to revoke contracts as a security measure early Sunday.\nDrugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling:Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim and the smell of cannabis permeated the office.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss.\nInsights:In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried.\nCoinDesk Market Index (CMI)\n1,225\n+11.6▲1.0%\nBitcoin (BTC)\n$28,383\n+355.3▲1.3%\nEthereum (ETH)\n$1,863\n+8.4▲0.5%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,018\n+6.1▲0.3%\nNikkei 225\n27,518.31\n+45.7▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,225", "+11.6\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,383", "+355.3\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "+8.4\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,018", "+6.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,518.31", "+45.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Sharp Move in the Offing?\nGood morning Asia.\nBitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863.\nTheCoinDesk Market Index, a measure of the overall crypto market\'s performance, is up about 1%.\n“The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk.\nDiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.”\n“The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added.\nEther\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week,will bring selling pressure.\nCryptoQuant wrote in aresearch report from Februarythat the majority of ether staked was at a loss, with the average loss at 18%.\n“Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+1.6%", "DACS Sector": "Currency"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.2%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}]\nSBF, Revenge and the Future of Global Crypto Leadership\nWith Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making.\nLast week,I warned of a dangerous politicization trend in U.S. crypto policy following a barrage of regulatory enforcement actions taken against this industry. I remain concerned about that trend, but my view is now slightly more nuanced thanks to the insights of two people with very good D.C. connections. They explained how emotions – specifically anger and embarrassment – played a huge role in driving those policy actions.\nIt reminded me of the importance of clear, inviolable rules of governance, whether they’re baked into democratic institutions such as the U.S. Constitution or forged into consensus mechanisms used by open-source software communities, like those attached to blockchain protocols.\nRegulation by retribution\nAmong a string of “Thanks Sam” moments these past five months, this one takes the cake. You can argue that the crackdown againstKraken,Coinbase,Paxos,Binanceand others was driven significantly by a desire to punish Sam Bankman-Fried, the erstwhile founder of FTX, whose mind-blowingly rapid collapse in November sent shock waves through the crypto industry.\nThis is how one of my sources described the mindset of Biden administration officials and of lawmakers from both political parties: “You can’t come into their house, slosh that kind of money around, leave politicians with egg on their faces and not expect to pay a huge price.” He was referring to the fact that before the FTX meltdown, politicians – mostly Democrats but also some Republicans – had been beneficiaries of more than$74 million in political donationsfrom FTX and had forged connections with Bankman-Fried, who had wooed progressives with his“effective altruism”commitments. (A CoinDesk investigation found thatone-third of Congresstook money from Bankman-Fried or his associates.)\nFind the full storyhere:\nInternational Monetary Fund meeting\n1 p.m. HKT/SGT(5 a.m. UTC):Japan consumer confidence and Eco Watchers survey (March)\n8:15 p.m. (UTC):New York Fed President John C. Williams speech\nIn case you missed it, here is the most recent episode ofThe HashonCoinDesk TV:\nU.S. Treasury Says DeFi Threatens National Security; MacOS Mystery Over Hidden Bitcoin White Paper\n"The Hash" tackles today\'s hot topics: The U.S. Treasury Department dropped its first report assessing the risks ofdecentralized finance. Some crypto traders are warning about the market outlook for Shiba Inu dog-themed meme coins. India is planning to rapidly scale its central bank digital currency testing of the digital rupee. Plus, is there a secret Bitcoin maxi working at Apple (AAPL)?\nJump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn:Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally.\nBank of England Targets 30-Strong Team for Digital Currency: Report Among the positions available:Digital Pound Security Architect and Digital Pound Solutions Architect.\nSushi DEX Approval Contract Exploited For $3.3M:Developers asked users to revoke contracts as a security measure early Sunday.\nDrugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling:Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim and the smell of cannabis permeated the office.', 'Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April after a strong start to the year even amid higher interest rates, bank failures, and concerns about a recession in the U.S. Most other top 10 non-stablecoin cryptocurrencies gained, including Ether ahead of Wednesday\x92s upgrade to the Ethereum blockchain. Dogecoin rose. U.S. stock futures were mixed after a three day weekend. See related article: Thai opposition pledges US$15 bln in digital tokens: Bloomberg Fast facts Bitcoin added 1.40% to US$28,343 in the 24 hours to 8:00 a.m. in Hong Kong, up 0.57% for the week or little changed, according to CoinMarketCap data . The world\x92s biggest cryptocurrency has risen 70% so far this year and is holding its ground around US$28,000 this month even as equity markets have faced headwinds from higher interest rates to stem inflation, a series of bank failures, and signs the U.S. economy may be headed for a recession. Bitcoin could break through US$30,000 in the coming week but the caution is that a recession may be looming, said Kadan Stadelmann, chief technical officer of blockchain infrastructure development firm Komodo. \x93Normally, we see risk on conditions as something that drives up the Bitcoin price. But, over the last month with the banking crisis, we\x92ve actually seen risk off be positive for Bitcoin. Right now, the price action is telling us the market is undecided,\x94 said Stadelmann. Ether edged up 0.55% to US$1,859, a gain of 3.62% for the week ahead of\xa0 Wednesday\x92s Shanghai hardfork, also known as the Shapella upgrade, which will allow investors to withdraw their staked Ether for the first time. Most other top 10 cryptocurrencies by market capitalization showed moderate gains led by Dogecoin, which added 2.31% to US$0.08328 for a weekly rise of 5.30%. The meme token surged last week when Elon Musk changed Twitter\x92s blue bird icon to the Dogecoin dog icon, breaching US$0.10 on April 4. It then lost steam as the Twitter icon shifted back to the bird. Solana added 1.51% to US$20.33, but showed a weekly drop of 1%. Polkadot rose 1.29% to US$6.22 but similarly lost 0.87% over the past seven days. The total crypto market capitalization gained 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period rose 8.19% to US$29.46 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.12% to 3,968.42 in the 24 hours to 08:00 a.m. in Hong Kong, losing 2.34% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam. U.S. stock futures traded mixed as of 8:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures rose 0.14%, S&P 500 futures moved up 0.091% and the Nasdaq-100 futures Index dropped 0.10%. The U.S. unemployment rate, released last Friday, fell to 3.5% in March compared to 3.6% in February. The U.S. saw 236,000 jobs created in March, slightly below expectations but still pointing to a strong labor market, according to TradingEconomics . However, several U.S. indicators released earlier last week pointed to a cooling economy. Job openings which fell to 9.9 million in February, the lowest since May 2021. The U.S. manufacturing purchasing managers\x92 index in March also signaled a possible recession, falling to 46.3%, down from 47.7% in February. U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve rates meeting on May 3, analysts at the CME Group expect a 35.3% chance of no change to rates, while 64.7% expect a 25 basis-point rise, up from 44.5% on Friday. This week brings more economic indicators in the U.S. \x97\xa0The Bureau of Labor Statistics\x92 consumer and producer prices index on Thursday, the monthly retail trade report expected on Friday, and minutes from the Federal Open Market Committee meeting expected to come out Tuesday. See related article: Blur nemesis OpenSea drops Gemesis NFT and OS Pro', 'Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April after a strong start to the year even amid higher interest rates, bank failures, and concerns about a recession in the U.S. Most other top 10 non-stablecoin cryptocurrencies gained, including Ether ahead of Wednesday’s upgrade to the Ethereum blockchain. Dogecoin rose. U.S. stock futures were mixed after a three day weekend.\nSee related article:Thai opposition pledges US$15 bln in digital tokens: Bloomberg\n• Bitcoin added 1.40% to US$28,343 in the 24 hours to 8:00 a.m. in Hong Kong, up 0.57% for the week or little changed, according toCoinMarketCap data.\n• The world’s biggest cryptocurrency has risen 70% so far this year and is holding its ground around US$28,000 this month even as equity markets have faced headwinds from higher interest rates to stem inflation, a series of bank failures, and signs the U.S. economy may be headed for a recession.\n• Bitcoin could break through US$30,000 in the coming week but the caution is that a recession may be looming,saidKadan Stadelmann, chief technical officer of blockchain infrastructure development firm Komodo.\n• “Normally, we see risk on conditions as something that drives up the Bitcoin price. But, over the last month with the banking crisis, we’ve actually seen risk off be positive for Bitcoin. Right now, the price action is telling us the market is undecided,” said Stadelmann.\n• Ether edged up 0.55% to US$1,859, a gain of 3.62% for the week ahead of\xa0 Wednesday’s Shanghai hardfork, also known as the Shapella upgrade, which will allow investors to withdraw their staked Ether for the first time.\n• Most other top 10 cryptocurrencies by market capitalization showed moderate gains led by Dogecoin, which added 2.31% to US$0.08328 for a weekly rise of 5.30%. The meme token surged last week when Elon Musk changed Twitter’s blue bird icon to the Dogecoin dog icon, breaching US$0.10 on April 4. It then lost steam as the Twitter icon shifted back to the bird.\n• Solana added 1.51% to US$20.33, but showed a weekly drop of 1%. Polkadot rose 1.29% to US$6.22 but similarly lost 0.87% over the past seven days.\n• The total crypto market capitalization gained 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period rose 8.19% to US$29.46 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.12% to 3,968.42 in the 24 hours to 08:00 a.m. in Hong Kong, losing 2.34% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam.\n• U.S. stock futures traded mixed as of 8:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures rose 0.14%, S&P 500 futures moved up 0.091% and the Nasdaq-100 futures Index dropped 0.10%.\n• The U.S. unemployment rate, released last Friday, fell to 3.5% in March compared to 3.6% in February. The U.S. saw 236,000 jobs created in March, slightly below expectations but still pointing to a strong labor market, according toTradingEconomics.\n• However, several U.S. indicators released earlier last week pointed to a cooling economy. Job openings which fell to 9.9 million in February, the lowest since May 2021. The U.S. manufacturing purchasing managers’ index in March also signaled a possible recession, falling to 46.3%, down from 47.7% in February.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve rates meeting on May 3, analysts at theCME Groupexpect a 35.3% chance of no change to rates, while 64.7% expect a 25 basis-point rise, up from 44.5% on Friday.\n• This week brings more economic indicators in the U.S. —\xa0The Bureau of Labor Statistics’ consumer and producer prices index on Thursday, the monthly retail trade report expected on Friday, and minutes from the Federal Open Market Committee meeting expected to come out Tuesday.\nSee related article:Blur nemesis OpenSea drops Gemesis NFT and OS Pro', 'Bitcoin resumed its rise above US$28,000 in Monday morning trading in Asia, a support level it has fluctuated around for most of April after a strong start to the year even amid higher interest rates, bank failures, and concerns about a recession in the U.S. Most other top 10 non-stablecoin cryptocurrencies gained, including Ether ahead of Wednesday’s upgrade to the Ethereum blockchain. Dogecoin rose. U.S. stock futures were mixed after a three day weekend.\nSee related article:Thai opposition pledges US$15 bln in digital tokens: Bloomberg\n• Bitcoin added 1.40% to US$28,343 in the 24 hours to 8:00 a.m. in Hong Kong, up 0.57% for the week or little changed, according toCoinMarketCap data.\n• The world’s biggest cryptocurrency has risen 70% so far this year and is holding its ground around US$28,000 this month even as equity markets have faced headwinds from higher interest rates to stem inflation, a series of bank failures, and signs the U.S. economy may be headed for a recession.\n• Bitcoin could break through US$30,000 in the coming week but the caution is that a recession may be looming,saidKadan Stadelmann, chief technical officer of blockchain infrastructure development firm Komodo.\n• “Normally, we see risk on conditions as something that drives up the Bitcoin price. But, over the last month with the banking crisis, we’ve actually seen risk off be positive for Bitcoin. Right now, the price action is telling us the market is undecided,” said Stadelmann.\n• Ether edged up 0.55% to US$1,859, a gain of 3.62% for the week ahead of\xa0 Wednesday’s Shanghai hardfork, also known as the Shapella upgrade, which will allow investors to withdraw their staked Ether for the first time.\n• Most other top 10 cryptocurrencies by market capitalization showed moderate gains led by Dogecoin, which added 2.31% to US$0.08328 for a weekly rise of 5.30%. The meme token surged last week when Elon Musk changed Twitter’s blue bird icon to the Dogecoin dog icon, breaching US$0.10 on April 4. It then lost steam as the Twitter icon shifted back to the bird.\n• Solana added 1.51% to US$20.33, but showed a weekly drop of 1%. Polkadot rose 1.29% to US$6.22 but similarly lost 0.87% over the past seven days.\n• The total crypto market capitalization gained 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period rose 8.19% to US$29.46 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index rose 0.12% to 3,968.42 in the 24 hours to 08:00 a.m. in Hong Kong, losing 2.34% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam.\n• U.S. stock futures traded mixed as of 8:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures rose 0.14%, S&P 500 futures moved up 0.091% and the Nasdaq-100 futures Index dropped 0.10%.\n• The U.S. unemployment rate, released last Friday, fell to 3.5% in March compared to 3.6% in February. The U.S. saw 236,000 jobs created in March, slightly below expectations but still pointing to a strong labor market, according toTradingEconomics.\n• However, several U.S. indicators released earlier last week pointed to a cooling economy. Job openings which fell to 9.9 million in February, the lowest since May 2021. The U.S. manufacturing purchasing managers’ index in March also signaled a possible recession, falling to 46.3%, down from 47.7% in February.\n• U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserve rates meeting on May 3, analysts at theCME Groupexpect a 35.3% chance of no change to rates, while 64.7% expect a 25 basis-point rise, up from 44.5% on Friday.\n• This week brings more economic indicators in the U.S. —\xa0The Bureau of Labor Statistics’ consumer and producer prices index on Thursday, the monthly retail trade report expected on Friday, and minutes from the Federal Open Market Committee meeting expected to come out Tuesday.\nSee related article:Blur nemesis OpenSea drops Gemesis NFT and OS Pro', 'The U.S. state of Arkansas joined Montana and Texas this year in proposing legislation to regulate Bitcoin mining while also offering legal protections to companies operating such businesses, a stance in contrast to national regulators, such as the Securities and Exchange Commission (SEC), that have fined and filed lawsuits against companies running cryptocurrency exchanges.\nSee related article:Solana introduces ‘state compression’ to lower NFT storage costs\n• The state’s bitcoin bill, known as theData Centers Act of 2023, has passed in both the Arkansas House of Representatives and Senate and now awaits the governor’s approval. The bill, proposed by Republican Senator Joshua Bryant on March 30, seeks to protect miners from discriminatory regulations and taxes with clearer guidelines.\n• It states that crypto miners will be required “to pay applicable taxes and government fees in acceptable forms of currency and operate in a manner that causes no stress on an electric public utility’s generation capabilities or transmission network.”\n• Under the legislation, crypto miners will have the same rights as data centers, which the state recognizes as a value to the local economy.\n• The move in Arkansas reflects a similar action in Montana in February when the state Senate passed abillto offer legal protections to cryptocurrency miners, such as prevention of discriminatory electricity rates.\n• The picture in Texas is more mixed, with legislation introduced on April 4 that would eliminate some incentives for crypto miners in the state, while in March, the state introduceda billin support of Bitcoin mining, which isstill pendingat the House Committee on State Affairs.\n• Meanwhile,U.S. regulatorssuch as the SEC and the Commodity Futures Trading Commission have fined and filed lawsuits against crypto trading platforms, such asKrakenandBinance, claiming they lack legal approvals to sell some of their services.\n• Congressman Tom Emmer of the Republican Party has criticized SEC chair Gary Gensler during apodcastappearance, saying Gensler is “blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors.”\n• The administration of President Joe Biden has alsoproposedan excise tax on crypto miners that equals 30 percent of the cost of electricity they use.\nSee related article:Thai opposition pledges US$15 bln in digital tokens: Bloomberg', 'The U.S. state of Arkansas joined Montana and Texas this year in proposing legislation to regulate Bitcoin mining while also offering legal protections to companies operating such businesses, a stance in contrast to national regulators, such as the Securities and Exchange Commission (SEC), that have fined and filed lawsuits against companies running cryptocurrency exchanges.\nSee related article:Solana introduces ‘state compression’ to lower NFT storage costs\n• The state’s bitcoin bill, known as theData Centers Act of 2023, has passed in both the Arkansas House of Representatives and Senate and now awaits the governor’s approval. The bill, proposed by Republican Senator Joshua Bryant on March 30, seeks to protect miners from discriminatory regulations and taxes with clearer guidelines.\n• It states that crypto miners will be required “to pay applicable taxes and government fees in acceptable forms of currency and operate in a manner that causes no stress on an electric public utility’s generation capabilities or transmission network.”\n• Under the legislation, crypto miners will have the same rights as data centers, which the state recognizes as a value to the local economy.\n• The move in Arkansas reflects a similar action in Montana in February when the state Senate passed abillto offer legal protections to cryptocurrency miners, such as prevention of discriminatory electricity rates.\n• The picture in Texas is more mixed, with legislation introduced on April 4 that would eliminate some incentives for crypto miners in the state, while in March, the state introduceda billin support of Bitcoin mining, which isstill pendingat the House Committee on State Affairs.\n• Meanwhile,U.S. regulatorssuch as the SEC and the Commodity Futures Trading Commission have fined and filed lawsuits against crypto trading platforms, such asKrakenandBinance, claiming they lack legal approvals to sell some of their services.\n• Congressman Tom Emmer of the Republican Party has criticized SEC chair Gary Gensler during apodcastappearance, saying Gensler is “blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors.”\n• The administration of President Joe Biden has alsoproposedan excise tax on crypto miners that equals 30 percent of the cost of electricity they use.\nSee related article:Thai opposition pledges US$15 bln in digital tokens: Bloomberg', 'The U.S. state of Arkansas joined Montana and Texas this year in proposing legislation to regulate Bitcoin mining while also offering legal protections to companies operating such businesses, a stance in contrast to national regulators, such as the Securities and Exchange Commission (SEC), that have fined and filed lawsuits against companies running cryptocurrency exchanges. See related article: Solana introduces \x91state compression\x92 to lower NFT storage costs Fast facts The state\x92s bitcoin bill, known as the Data Centers Act of 2023 , has passed in both the Arkansas House of Representatives and Senate and now awaits the governor\x92s approval. The bill, proposed by Republican Senator Joshua Bryant on March 30, seeks to protect miners from discriminatory regulations and taxes with clearer guidelines. It states that crypto miners will be required \x93to pay applicable taxes and government fees in acceptable forms of currency and operate in a manner that causes no stress on an electric public utility\x92s generation capabilities or transmission network.\x94 Under the legislation, crypto miners will have the same rights as data centers, which the state recognizes as a value to the local economy. The move in Arkansas reflects a similar action in Montana in February when the state Senate passed a bill to offer legal protections to cryptocurrency miners, such as prevention of discriminatory electricity rates. The picture in Texas is more mixed, with legislation introduced on April 4 that would eliminate some incentives for crypto miners in the state, while in March, the state introduced a bill in support of Bitcoin mining, which is still pending at the House Committee on State Affairs. Meanwhile, U.S. regulators such as the SEC and the Commodity Futures Trading Commission have fined and filed lawsuits against crypto trading platforms, such as Kraken and Binance , claiming they lack legal approvals to sell some of their services. Congressman Tom Emmer of the Republican Party has criticized SEC chair Gary Gensler during a podcast appearance, saying Gensler is \x93blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors.\x94 The administration of President Joe Biden has also proposed an excise tax on crypto miners that equals 30 percent of the cost of electricity they use. See related article: Thai opposition pledges US$15 bln in digital tokens: Bloomberg', 'Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) has surged 70% this year, hitting nine-month highs of over $29,000. While the sharp rally has brought thederivatives marketback to life, the overall use of leverage remains muted, suggesting a low risk of "liquidations-induced" wild price swings.\nLiquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets, which allow traders to open positions worth much more than the money deposited as margin. The forced closure for cash or cash equivalent happens when the trading entity fails to meet the margin shortage stemming from the market moving against its bullish or bearish bet.\nWhen the degree of leverage in the market – measured by the ratio between the dollar value locked in perpetual futures (open interest) and the cryptocurrency\'s market capitalization – is high, short liquidations tend toexacerbatebullish moves. That, in turn, shakes out more shorts, leading to ashort squeeze. Similarly, long liquidations exacerbate bearish moves, leading to a long squeeze.\nLong/short squeezes were quite common during the 2021 bull run and early bear market days of 2022 when the amount of leverage outstanding relative to the size of the market was quite high and price moves would shake outbillions of dollars\' worthof leveraged trading positions. So far this year, the ratio has continued to drop.\n"High open interest relative to market cap means the market could be vulnerable to a short-squeeze or liquidation cascade, which would result in a price swing being more volatile than it otherwise would have been due to forced buying or selling, respectively," analysts at Blockware Solutions said in a weekly newsletter.\n"The medium-term trend of decreasing open interest/market cap has not been broken, which is reassurance that, even in the event of downward volatility, price is most likely not going to decrease to the level it was at to begin the year," the analysts added.\nThe perpetual futures open interest to market ratio has been falling since FTX, which was once the third-largest cryptocurrency exchange in the world and one of the preferred avenues to trade perpetual futures, went bust in early November.\nThe ratio has stayed low despite the recent price consolidation, a sign of investors\' low appetite for risk, according to Blockware Solutions.\n"BTC has essentially traded sideways for the past three weeks, yet, we haven’t seen a build-up in open interest. This is a signal that the market is still in a risk-off mode," Blockware\'s analysts noted, saying the non-expiring perpetual futures are typically in demand during periods of sideways price action, as seen ahead of FTX\'s implosion.\nBitcoin has been locked in the narrow range of $29,000 to $27,000 since March 21, according toCoinDesk data.', 'Join the most important conversation in crypto and web3! Secure your seat today Bitcoin ( BTC ) has surged 70% this year, hitting nine-month highs of over $29,000. While the sharp rally has brought the derivatives market back to life, the overall use of leverage remains muted, suggesting a low risk of "liquidations-induced" wild price swings. Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets, which allow traders to open positions worth much more than the money deposited as margin. The forced closure for cash or cash equivalent happens when the trading entity fails to meet the margin shortage stemming from the market moving against its bullish or bearish bet. When the degree of leverage in the market \x96 measured by the ratio between the dollar value locked in perpetual futures (open interest) and the cryptocurrency\'s market capitalization \x96 is high, short liquidations tend to exacerbate bullish moves. That, in turn, shakes out more shorts, leading to a short squeeze . Similarly, long liquidations exacerbate bearish moves, leading to a long squeeze. Long/short squeezes were quite common during the 2021 bull run and early bear market days of 2022 when the amount of leverage outstanding relative to the size of the market was quite high and price moves would shake out billions of dollars\' worth of leveraged trading positions. So far this year, the ratio has continued to drop. "High open interest relative to market cap means the market could be vulnerable to a short-squeeze or liquidation cascade, which would result in a price swing being more volatile than it otherwise would have been due to forced buying or selling, respectively," analysts at Blockware Solutions said in a weekly newsletter. "The medium-term trend of decreasing open interest/market cap has not been broken, which is reassurance that, even in the event of downward volatility, price is most likely not going to decrease to the level it was at to begin the year," the analysts added. Open interest relative to market capitalization continues to drop, signaling low odds of a liquidations cascade. (Blockware Solutions, Glassnode) The perpetual futures open interest to market ratio has been falling since FTX, which was once the third-largest cryptocurrency exchange in the world and one of the preferred avenues to trade perpetual futures, went bust in early November. The ratio has stayed low despite the recent price consolidation, a sign of investors\' low appetite for risk, according to Blockware Solutions. "BTC has essentially traded sideways for the past three weeks, yet, we haven\x92t seen a build-up in open interest. This is a signal that the market is still in a risk-off mode," Blockware\'s analysts noted, saying the non-expiring perpetual futures are typically in demand during periods of sideways price action, as seen ahead of FTX\'s implosion. Bitcoin has been locked in the narrow range of $29,000 to $27,000 since March 21, according to CoinDesk data . View comments', 'Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) has surged 70% this year, hitting nine-month highs of over $29,000. While the sharp rally has brought thederivatives marketback to life, the overall use of leverage remains muted, suggesting a low risk of "liquidations-induced" wild price swings.\nLiquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets, which allow traders to open positions worth much more than the money deposited as margin. The forced closure for cash or cash equivalent happens when the trading entity fails to meet the margin shortage stemming from the market moving against its bullish or bearish bet.\nWhen the degree of leverage in the market – measured by the ratio between the dollar value locked in perpetual futures (open interest) and the cryptocurrency\'s market capitalization – is high, short liquidations tend toexacerbatebullish moves. That, in turn, shakes out more shorts, leading to ashort squeeze. Similarly, long liquidations exacerbate bearish moves, leading to a long squeeze.\nLong/short squeezes were quite common during the 2021 bull run and early bear market days of 2022 when the amount of leverage outstanding relative to the size of the market was quite high and price moves would shake outbillions of dollars\' worthof leveraged trading positions. So far this year, the ratio has continued to drop.\n"High open interest relative to market cap means the market could be vulnerable to a short-squeeze or liquidation cascade, which would result in a price swing being more volatile than it otherwise would have been due to forced buying or selling, respectively," analysts at Blockware Solutions said in a weekly newsletter.\n"The medium-term trend of decreasing open interest/market cap has not been broken, which is reassurance that, even in the event of downward volatility, price is most likely not going to decrease to the level it was at to begin the year," the analysts added.\nThe perpetual futures open interest to market ratio has been falling since FTX, which was once the third-largest cryptocurrency exchange in the world and one of the preferred avenues to trade perpetual futures, went bust in early November.\nThe ratio has stayed low despite the recent price consolidation, a sign of investors\' low appetite for risk, according to Blockware Solutions.\n"BTC has essentially traded sideways for the past three weeks, yet, we haven’t seen a build-up in open interest. This is a signal that the market is still in a risk-off mode," Blockware\'s analysts noted, saying the non-expiring perpetual futures are typically in demand during periods of sideways price action, as seen ahead of FTX\'s implosion.\nBitcoin has been locked in the narrow range of $29,000 to $27,000 since March 21, according toCoinDesk data.', 'In May 2022, a fraudulent stablecoin project called Terra imploded , setting off a broader meltdown that wiped out more than $1\xa0trillion in cryptocurrency market cap. Inflation and broader market forces scared other investors away from crypto and drove more firms out of business. The rout reached its nadir in November, when the industry’s golden child, Sam Bankman-Fried , got arrested for running a Ponzi scheme, triggering ferocious blowback from regulators. It has truly been a year from hell for crypto. But the headlines obscure a broader story of how the industry has survived—and even grown stronger. In March, crypto’s market cap was over $1\xa0trillion, while Bitcoin traded well above $25,000—both significantly above the highs set during the last big boom for the asset class, in 2017. More important, crypto has matured enormously since then, attracting talented people who have joined longtime blockchain believers to build quality companies. Wall Street CEOs like Goldman Sachs’ David Solomon have acknowledged that blockchain-based businesses
**Last 60 Days of Bitcoin's Closing Prices:**
[21819.04, 21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-10
**Financial & Commodity Data:**
- Gold Closing Price: $1989.10
- Crude Oil Closing Price: $79.74
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $548,081,464,700
- Hash Rate: 292803182.2991408
- Transaction Count: 289625.0
- Unique Addresses: 633252.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Ether (ETH), the native token of Ethereum's blockchain, rose to an eight-month high on Tuesday, outshining market leader bitcoin (BTC) as U.S. stock futures traded higher while the dollar index dipped.
Ether rose nearly 3% to $1,873, the highest since August, accordingCoinDesk data. Bitcoin rose 1.7% to $28,300.
The ether-bitcoin ratio rose over 1% to 0.066, taking back a small portion of the 7% decline seen last month.
Futures tied to Wall Street's tech-heavy index Nasdaq rose 0.35% to a fresh eight-month high, offering bullish cues to risk assets, including cryptocurrencies. Nasdaq futures have rallied over 20% this year, entering a bull market.
Investors continued to sell the safe-haven greenback, driving the dollar index, which gauges the U.S. dollar's exchange rate against major currencies, to a two-month low of 101.79.
Ether's outperformance comes as the highly anticipatedShanghai upgradeis now less than two weeks away. The Shanghai upgrade will open withdrawals of ether staked in the Beacon Chain since December 2020 and has been widelyhailedas a long-term bullish catalyst for ether and liquid staking tokens.
"ETH looks to regain ground against BTC as part of a broader capital rotation play with crypto likely benefiting off broader equity rallies heading into ahistorically bullish month," Decentral Park Capital's portfolio manager Lewis Harland said in a weekly note published Monday....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
|
30235.06, 30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate?\nRay Dalio, the founder of the world\'s largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin.\nDalio hassoured further on Bitcoinsince the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin\'s status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out.\nIn contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth.\nDalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold.\nOne of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold\'s price has remained relatively stable, providing investors with a more secure option for preserving their wealth.\nAnother concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In arecent podcast, he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own.\nAs governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin\'s value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things likevolatility and fearin the markets, making it a popular tool for diversification and hedging.\nInvestors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check outBenzinga’s Precious Metals Hubto master the sector and discover the best precious metals trading platforms.\nCheck Out More Precious Metals Articles From Benzinga:\n• Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again\n• 3 Things You’ll Want if Sh*t Hits the Fan\n• Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleBitcoin vs. Gold: Here\'s What the Founder of the World\'s Largest Hedge Fund Would Chooseoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate?\nRay Dalio, the founder of the world\'s largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin.\nDalio hassoured further on Bitcoinsince the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin\'s status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out.\nIn contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth.\nDalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold.\nOne of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold\'s price has remained relatively stable, providing investors with a more secure option for preserving their wealth.\nAnother concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In arecent podcast, he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own.\nAs governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin\'s value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things likevolatility and fearin the markets, making it a popular tool for diversification and hedging.\nInvestors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check outBenzinga’s Precious Metals Hubto master the sector and discover the best precious metals trading platforms.\nCheck Out More Precious Metals Articles From Benzinga:\n• Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again\n• 3 Things You’ll Want if Sh*t Hits the Fan\n• Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleBitcoin vs. Gold: Here\'s What the Founder of the World\'s Largest Hedge Fund Would Chooseoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'With rising economic concerns, investors may want to consider gold stocks, particularly as it seems the smart money is loading up on the yellow metal. Most notably, in my opinion, unusual stock options volume indicators have been picking up bullishly aberrant trades for gold-related call options. In other words, the big players are placing massive bets on this otherwise speculative industry. Another factor to consider is that all investors have a reason to be concerned. With some of the U.S. regional banking fallout sending jitters abroad , investors seek wealth protection rather than hitting home runs. Perhaps the best part about the below gold stocks to buy is they could really soar while providing an alternative platform to park your portfolio. FNV Franco-Nevada $152.73 OR Osisko Gold Royalties $16.20 PAAS Pan American Silver $19.01 ORLA Orla Mining $4.44 BTG B2Gold $4.14 DRD DRDGOLD $10.04 TRX TRX Gold $0.50 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Franco-Nevada (FNV) An image of a rising bar graph on top of gold bars, representing gold stocks Source: Alexander Limbach / Shutterstock A gold-focused royalty and streaming company, Franco-Nevada (NYSE: FNV ) offers an enticing opportunity among gold stocks to buy. Essentially, Franco-Nevada provides capital to mining enterprises. In exchange, the company receives a share of the metals production and/or revenues generated. Since the start of the year, FNV gained almost 12% of its equity value. Financially, the gold enterprise enjoys several compelling attributes. Perhaps most importantly at this juncture, Franco-Nevada has zero debt , affording it incredible flexibility. Also, its Altman Z-Score pings at 85.19, indicating extremely low bankruptcy risk over the next two years. As well, it benefits from a solid three-year revenue growth rate of 16.2%. And its net margin comes in at 53.21%, blowing past nearly 95% of its peers.\xa0Finally, Wall Street analysts peg FNV as a consensus moderate buy . However, their average price target is only $155.75, implying just over 1% upside potential. Story continues Osisko Gold Royalties (OR) Bitcoin BTC Gold coins with bills of euro banknotes and gold bullion. Bitcoin and gold lie on Euro banknotes. Asia Broadband is mixing crypto and gold with its AABBG token. Speculative Growth Stocks Source: Ewa Studio / Shutterstock.com Founded in 2014, Osisko Gold Royalties (NYSE: OR ) may not be one of the most popular gold stocks to buy. However, Osisko deserves attention because it’s been lighting up the charts. Since the start of the new year, OR skyrocketed by almost 36%. In the past 365 days, it’s up nearly 21%, possibly reflecting a turnaround for the precious metals. Financially, though, it’s a mish-mash of different financial readings, some positive, some negative. On the more optimistic side, Osisko features a solid balance sheet, undergirded by an Altman Z-Score of 9.58. Regarding profitability, its operating margin is 30%, above 88.43% of companies in the metals and mining industry. That said, its net margin on a trailing-year basis sits in negative territory. Also, its three-year revenue growth rate likewise sits below zero.\xa0Despite the flaws, Wall Street analysts love the opportunity, pegging OR a consensus strong buy . Their average price target is $16.99, implying a little over 2% upside potential. Pan American Silver (PAAS) Gold and silver bars in front of a grey background. Source: VladKK / Shutterstock Headquartered in Vancouver, British Columbia, Canadian mining firm Pan American Silver (NASDAQ: PAAS ) features mines and other projects in Mexico, Peru, Bolivia, and Argentina. Since the start of the new year, PAAS gained 13% of its equity value. Unfortunately, in the past 365 days, it lost 32%. Still, PAAS could be an intriguing name among gold stocks to buy. Mainly, it’s because analysts really dig the opportunity in Pan American. Still, investors should be prepared to be patient. Frankly, the company’s balance sheet leaves much to be desired, though it does feature a decent Altman Z-Score of 3.88. Operationally, its three-year revenue growth rate of 3% ranks worse than 60.4% of the competition. Also, its profit margins slipped into negative territory on a trailing-year basis.\xa0While that doesn’t sound enticing, analysts peg PAAS as a unanimous strong buy . Moreover, their average price target stands at $22.13, implying 14% upside potential. Orla Mining (ORLA) An image of multiple gold bars Source: Shutterstock Also based in Vancouver, Orla Mining (NYSEAMERICAN: ORLA ) might not be the most recognizable name among gold stocks to buy. However, this status might change because of its steady performance. First, since the Jan. opener, ORLA gained over 11% of market value. Now, in the trailing year, it’s down 7%. However, since July last year, shares printed a series of higher lows. Like Pan American Silver, Orla Mining will require patience from prospective investors, though not nearly as much. For example, the company’s Altman Z-Score pings at 4.52, indicating low bankruptcy risk. Further, its three-year book growth rate comes in at 26%, ranked better than 80.48% of the field. Significantly, Orla offers a highly profitable enterprise. Its net margin came out to 23.77%, above 87.88% of other gold stocks to buy.\xa0Lastly, covering analysts peg ORLA as a unanimous strong buy . Their average price target stands at $5.60, implying nearly 22% upside potential. B2Gold (BTG) A photo of a gold nugget on a table, being picked up by tweezers, with more gold behind it. Source: aerogondo2 / Shutterstock.com An increasingly popular name among gold stocks to buy based on unusual stock options volume data, B2Gold (NYSEAMERICAN: BTG ) owns and operates gold mines in Mali, Namibia, and the Philippines. Since the beginning of the year, BTG gained over 13% of its equity value. In the trailing year, however, shares tumbled by more than 10%. Still, it’s worth keeping tabs on BTG because the smart money has been bidding up shares. Part of the enthusiasm centers on its financials. Notably, on the balance sheet, B2Gold’s debt-to-equity ratio sits at 0.02 times, favorably below the sector median of 0.15 times. Also, its Altman Z-Score pings at 6.12, well into the safe zone of fiscal stability. Operationally, B2Gold commands a three-year revenue growth rate of 13.9%, which is decent. As well, its net margin comes in at 14.63%, outpacing nearly 79% of the competition.\xa0In closing, analysts peg BTG as a consensus strong buy . Their average price target stands at $5.66, implying over 35% upside potential. DRDGOLD (DRD) A gold bar along with some coins made of precious metals. gold stocks Source: allstars / Shutterstock.com Based in South Africa, DRDGOLD (NYSE: DRD ) is an intriguing gold producer. In addition, the company specializes in the recovery of metal from the retreatment of surface tailings. As with a few other gold stocks to buy, DRD soared in the year so far, moving up 31%. In the trailing year, DRD gained 11% of equity value. Moving forward, DRDGold should appeal to investors seeking financially resilient mining enterprises. On the balance sheet, the company benefits from a subterranean debt-to-equity ratio. Also, its Altman Z-Score comes out to 7.39, reflecting high stability and low bankruptcy risk. Operationally, DRDGold delivers the goods with a three-year revenue growth rate of 14.4%, outpacing more than two-thirds of the field. Also, its net margin is 22%, reflecting a highly profitable enterprise. Turning to Wall Street, H.C. Wainwright analyst Heiko Ihle pegs DRD as a buy . Further, the expert’s price target stands at $15, implying 48% upside potential. TRX Gold (TRX) Gold nuggets on top of American paper money representing gold stocks Source: Shutterstock A penny stock in the literal sense, TRX Gold (NYSEAMERICAN: TRX ) presents a wildly risky proposition. So, why include it on this list of gold stocks to buy? All of the enterprises here feature bullish analyst support with average price targets that imply positive momentum (no matter how small). With TRX Gold’s case, you might see incredible gains. And yes, I’m well aware that shares already moved up 50% this year. And unlike other highly speculative cheap entities, TRX Gold enjoys decent financials. For instance, on the balance sheet, the company’s debt-to-EBITDA ratio sits at 0.02 times, below the sector median of 1.53. Also, its Altman Z-Score is 3.21, indicating a modestly low risk of imminent bankruptcy. Notably, TRX features a three-year book growth rate of 24.6%, ranked better than 79.07% of the competition. Further, its operating margin is 25.3%, beating out 84.77% of rivals. Finally, H.C. Wainwright analyst Heiko Ihle also pegs TRX a buy . The expert’s price target is $1.10, implying 110% upside potential. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 7 Gold Stocks to Buy as the ‘Smart Money’ Loads the Boat appeared first on InvestorPlace .', 'By Kevin Buckland TOKYO, April 11 (Reuters) - The U.S. dollar paused for breath on Tuesday following its best rally this month against major peers as a resilient U.S. labour market bolstered the case for a Federal Reserve rate hike next month. The yen, which is highly sensitive to long-term U.S. bond yields, managed to claw back some of Monday\'s more than 1% slide, as the 10-year Treasury yield also slowed down in Tokyo trading after a sharp two-day climb. The Japanese currency came under additional pressure overnight as the new Bank of Japan governor, Kazuo Ueda, vowed to stick with ultra-easy stimulus setting for the time being. Leading cryptocurrency bitcoin briefly touched $30,000 for the first time since June. The U.S. dollar index - which measures the greenback against six major counterparts, including the yen - slipped 0.06% in early Asian trading, following a 0.39% advance at the start of the week. The dollar eased 0.16% to 133.39 yen, after jumping 1.1% overnight. Traders now see the Fed as 74% likely to raise rates by another quarter point on May 3, after data released on Good Friday showed U.S. employers continued to hire at a strong pace in March, pushing down the jobless rate. Last week, money markets priced a hike next month as a coin toss. The consumer price index (CPI), due on Wednesday, will be the next major clue for Fed policy direction. Ten-year Treasury yields reached 3.436% overnight before settling around 3.41% in Tokyo. They had dipped to a seven-month low of 3.253% on Thursday. The dollar index dropped to a two-month low of 101.40 on Wednesday. "Financial markets have been too pessimistic about the U.S. economy since several small U.S. banks collapsed in March," Commonwealth Bank of Australia strategists Joseph Capurso and Kristina Clifton wrote in a client note, referring to the demise of SVB and Signature Bank. "Strong underlying CPI is likely to be the catalyst for a change in market pricing for May, and delay pricing for the start of rate cuts," they said, postulating the dollar index could lift toward the 100-day moving average at 103.91 this week. Story continues The euro added 0.14% to $1.08745 following Monday\'s 0.34% retreat. Sterling ticked up 0.11% to $1.2397 after a 0.23% overnight decline. The Aussie rose 0.12% to $0.6650, clawing back part of a 0.48% slide in the previous session. Bitcoin touched a fresh 10-month high at $30,000 in early Tuesday trade before last fetching $29,787, after breaking free of recent ranges on Monday. The digital token had been stuck between about $26,500 and $29,400 for the previous three weeks. "It seems many traders are convinced the dollar\'s days are numbered as it will slowly lose some of that preferred reserve currency status, and that crypto will be one of the beneficiaries," Edward Moya, an analyst at OANDA in New York, wrote in a note. "Bitcoin\'s ceiling remains the $30,000 level and how it behaves once it trades north of it will determine if the next major bull phase is upon us." (Reporting by Kevin Buckland Editing by Shri Navaratnam)', 'By Kevin Buckland\nTOKYO, April 11 (Reuters) - The U.S. dollar paused for breath on Tuesday following its best rally this month against major peers as a resilient U.S. labour market bolstered the case for a Federal Reserve rate hike next month.\nThe yen, which is highly sensitive to long-term U.S. bond yields, managed to claw back some of Monday\'s more than 1% slide, as the 10-year Treasury yield also slowed down in Tokyo trading after a sharp two-day climb. The Japanese currency came under additional pressure overnight as the new Bank of Japan governor, Kazuo Ueda, vowed to stick with ultra-easy stimulus setting for the time being.\nLeading cryptocurrency bitcoin briefly touched $30,000 for the first time since June.\nThe U.S. dollar index - which measures the greenback against six major counterparts, including the yen - slipped 0.06% in early Asian trading, following a 0.39% advance at the start of the week.\nThe dollar eased 0.16% to 133.39 yen, after jumping 1.1% overnight.\nTraders now see the Fed as 74% likely to raise rates by another quarter point on May 3, after data released on Good Friday showed U.S. employers continued to hire at a strong pace in March, pushing down the jobless rate. Last week, money markets priced a hike next month as a coin toss.\nThe consumer price index (CPI), due on Wednesday, will be the next major clue for Fed policy direction.\nTen-year Treasury yields reached 3.436% overnight before settling around 3.41% in Tokyo. They had dipped to a seven-month low of 3.253% on Thursday. The dollar index dropped to a two-month low of 101.40 on Wednesday.\n"Financial markets have been too pessimistic about the U.S. economy since several small U.S. banks collapsed in March," Commonwealth Bank of Australia strategists Joseph Capurso and Kristina Clifton wrote in a client note, referring to the demise of SVB and Signature Bank.\n"Strong underlying CPI is likely to be the catalyst for a change in market pricing for May, and delay pricing for the start of rate cuts," they said, postulating the dollar index could lift toward the 100-day moving average at 103.91 this week.\nThe euro added 0.14% to $1.08745 following Monday\'s 0.34% retreat. Sterling ticked up 0.11% to $1.2397 after a 0.23% overnight decline.\nThe Aussie rose 0.12% to $0.6650, clawing back part of a 0.48% slide in the previous session.\nBitcoin touched a fresh 10-month high at $30,000 in early Tuesday trade before last fetching $29,787, after breaking free of recent ranges on Monday.\nThe digital token had been stuck between about $26,500 and $29,400 for the previous three weeks.\n"It seems many traders are convinced the dollar\'s days are numbered as it will slowly lose some of that preferred reserve currency status, and that crypto will be one of the beneficiaries," Edward Moya, an analyst at OANDA in New York, wrote in a note.\n"Bitcoin\'s ceiling remains the $30,000 level and how it behaves once it trades north of it will determine if the next major bull phase is upon us."\n(Reporting by Kevin Buckland Editing by Shri Navaratnam)', 'By Ambar Warrick Investing.com -- Bitcoin rose sharply on Tuesday, clearing the $30,000 level for the first time since June 2022 as markets bet on a less hawkish Federal Reserve in the coming months, while sentiment also improved amid easing fears of a banking crisis. The world\x92s largest cryptocurrency rose 6.3% to $30,061.0 by 01:23 ET (05:23 GMT), its highest level in 10 months. The token also largely led gains across its cryptocurrency peers, with Ethereum up 3.3%, while Binance Coin and Ripple added 4.6% and 2.3%, respectively. Gains in Bitcoin also pushed total crypto market capitalization to $1.4 trillion. Tuesday\x92s gains put Bitcoin up roughly 80% this year, vastly outperforming most other asset classes. Bitcoin\x92s latest rally comes amid a broader improvement in sentiment as markets began pricing in the potential for a limited number of interest rate hikes by the Fed in the coming months, especially as the U.S. economy cools further. Stock markets also logged a strong rally on Tuesday following this notion. While the Fed is likely to hike interest rates at least one more time, dollar index futures indicate that markets are positioning for an eventual pause, or even reversal in the Fed\x92s hawkish stance. A less hawkish Fed bodes well for Bitcoin and other cryptocurrencies, as a sharp rise in interest rates wiped out over two-thirds of total crypto market capitalization through 2022. Focus this week is on consumer price index inflation data and the minutes of the Fed\x92s March meeting, for more cues on the path of interest rates. Bitcoin has been on a tear over the past month, ducking fears of a banking crisis as the token attracted some safe haven plays amid concerns over a broader collapse in the banking system. But relatively low trading volumes also made for bigger price moves in the token, especially as its tumble through 2022 soured investor sentiment towards cryptocurrencies. A string of high-profile scandals and bankruptcies also kept investors wary of cryptocurrencies, while U.S. authorities engaged in a regulatory crusade against the space. Story continues Related Articles Bitcoin clears $30K for first time in 10 months as Fed outlook shifts Bitcoin pushes past $30,000 as investors eye end of rate rises OPNX quips about its early dismal volume after reporting 90,000% surge', 'Join the most important conversation in crypto and web3! Secure your seat today Bitcoin ( BTC ) moved past $30,000 for the first time since June 10, 2022, as March\'s banking turbulence faded into the distance and investors grew more optimistic about U.S. central bank monetary policy. The largest cryptocurrency by market capitalization was recently trading at $30,237, up 6.75% over the last 24 hours. \x93It\x92s clear that the market is pricing a slowdown in growth, and in turn a loosening of monetary policy by the Federal Reserve over the course of 2023," said Richard Mico, the U.S. CEO and chief legal officer of Banxa , a payment-and-compliance infrastructure provider for crypto. "For evidence of this, just look at the bond market." A check of the bond market shows the U.S. two-year Treasury note having fallen to below 4% from a peak above 5% in early March as traders rapidly reversed their expectations of future Federal Reserve interest rate hikes. "There will likely still be a lot of liquidity injected into the market as a result," added Mico. "Already, bitcoin has been the best-performing asset of 2023, and it usually is the asset that responds most quickly and violently to these kinds of monetary shifts." Bitcoin last topped $30,000 on June 10 as it was on its way down to below $20,000, where it spent large parts of late 2022 and into the first weeks of 2023. It has been hovering around $28,000 for the past three weeks as wary investors gauged the impact of a near banking meltdown, continued inflationary pressures and other macroeconomic uncertainties. Bitcoin is up about 80% year to date after starting the year at about $16,600. The crypto surged in January on signs that inflation was waning. Bitcoin stalled in February but then regained momentum in late March following the failure of Silicon Valley and Signature banks when some investors questioned the stability of the current monetary system and regained their appetite for assets that hold their value. Gold also recently spiked, topping $2,000 for the first time since 2020. Story continues Mico noted that there is certainly a narrative shift happening because of the banking crisis feeding into bitcoin\x92s momentum. Increasingly, "BTC is also being seen as a reliable store of value that lacks the issues that come with storing your money by way of a third-party intermediary, or a bank," he added. "BTC is now properly starting to be perceived as a risk-off asset." "De-dollarization is also increasingly becoming part of the narrative, which is further accelerating BTC adoption," Mico concluded. "With BTC, in short, you are your own bank. It\x92s difficult to make predictions given the volatility of late, but I wouldn\x92t be surprised if this momentum regarding BTC continues." In an email to CoinDesk, Bob Ras, co-founder of Sologenic, a blockchain-powered network for tokenizing securities, noted that bitcoin had decoupled from stocks and shown "its increasing appeal as a safe haven for investors." "While the 2020-2021 period was perceived as Bitcoin\'s breakthrough moment, the present time truly marks its ascendance onto the global stage as a formidable asset," Ras wrote. "Amidst heightened geopolitical instability, faltering banking systems and mounting concerns surrounding reserve currencies, bitcoin has emerged as the reliable refuge that many had anticipated. This crucial juncture signifies a pivotal advancement for the digital asset sector.\x94 UPDATE (April 11, 2023, 02:16 UTC): Adds comment from Bob Ras.', 'Bitcoin has surged past $30,000. The largest cryptocurrency is up over 7% in 24 hours\x97and it\x92s bringing the rest of the digital asset market with it. CoinGecko data shows that the largest cryptocurrency by market cap is trading for $30,327, up over 9% in seven days. The last time Bitcoin hit these levels was on June 9 of last year\x97almost exactly 10 months ago. Ethereum, the second largest digital asset, is trading hands for $1,933, a 4.3% 24-hour bump. While Dogecoin, the eighth biggest digital asset that last week jumped in value off the back of Elon Musk Twitter whims, is up modestly by 2.8% in the past day, trading hands for $0.085. Bitcoin is by far doing the best out of the top 20 biggest digital assets. This may be in part because traders are expecting Federal Reserve Chairman Jerome Powell to slow the rate of interest rates due to the banking crisis, in turn make \x93risky\x94 assets like Bitcoin more appealing. Others are pushing the safe haven narrative: with current financial uncertainty, assets like Bitcoin and gold remain a safe bet when a recession is (still) apparently looming. Bitcoin was lagging at the start of the year when it was worth $16,615 per coin. It has made a comeback, and is now up over 80%\x97despite seemingly endless regulatory woes for the crypto industry and an investor allergy to risk assets. Bitcoin, Ethereum Mixed After Fed Continues Tightening with Quarter-Point Rate Hike But the asset still has a long way to go before it hits its November 2021 all-time high of $69,044.', 'Bitcoin hassurged past$30,000.\nThe largest cryptocurrency is up over 7% in 24 hours—and it’s bringing the rest of the digital asset market with it.\nCoinGecko datashowsthat the largest cryptocurrency by market cap is trading for $30,327, up over 9% in seven days.\nThe last time Bitcoin hit these levels was on June 9 of last year—almost exactly 10 months ago.\nEthereum, the second largest digital asset, is trading hands for $1,933, a 4.3% 24-hour bump.\nWhile Dogecoin, the eighth biggest digital asset that last weekjumpedin value off the back of Elon Musk Twitter whims, is up modestly by 2.8% in the past day, trading hands for $0.085.\nBitcoin is by far doing the best out of the top 20 biggest digital assets. This may be in part because traders are expecting Federal Reserve Chairman Jerome Powell to slow the rate of interest rates due to the banking crisis, in turn make “risky” assets like Bitcoin more appealing.\nOthers arepushingthe safe haven narrative: with current financial uncertainty, assets like Bitcoin and gold remain a safe bet when a recession is (still) apparently looming.\nBitcoin was lagging at the start of the year when it was worth $16,615 per coin. It has made a comeback, and is now up over 80%—despite seemingly endless regulatory woes for the crypto industry and an investor allergy to risk assets.\nBut the asset still has a long way to go before it hits its November 2021 all-time high of $69,044.', 'Bitcoin hassurged past$30,000.\nThe largest cryptocurrency is up over 7% in 24 hours—and it’s bringing the rest of the digital asset market with it.\nCoinGecko datashowsthat the largest cryptocurrency by market cap is trading for $30,327, up over 9% in seven days.\nThe last time Bitcoin hit these levels was on June 9 of last year—almost exactly 10 months ago.\nEthereum, the second largest digital asset, is trading hands for $1,933, a 4.3% 24-hour bump.\nWhile Dogecoin, the eighth biggest digital asset that last weekjumpedin value off the back of Elon Musk Twitter whims, is up modestly by 2.8% in the past day, trading hands for $0.085.\nBitcoin is by far doing the best out of the top 20 biggest digital assets. This may be in part because traders are expecting Federal Reserve Chairman Jerome Powell to slow the rate of interest rates due to the banking crisis, in turn make “risky” assets like Bitcoin more appealing.\nOthers arepushingthe safe haven narrative: with current financial uncertainty, assets like Bitcoin and gold remain a safe bet when a recession is (still) apparently looming.\nBitcoin was lagging at the start of the year when it was worth $16,615 per coin. It has made a comeback, and is now up over 80%—despite seemingly endless regulatory woes for the crypto industry and an investor allergy to risk assets.\nBut the asset still has a long way to go before it hits its November 2021 all-time high of $69,044.', 'By Herbert Lash NEW YORK (Reuters) - A gauge of global stocks rose and bond yields edged higher on Tuesday as traders anticipate interest rates will soon peak even as the market bets that the U.S. Federal Reserve will tighten monetary policy further in May to tame inflation. Gold climbed back up above the key $2,000 per ounce level as the dollar came off Monday\'s peak, while oil prices rose despite Chinese inflation data pointing to persistently weak demand. Investors are eagerly awaiting U.S. consumer prices data on Wednesday and producer prices on Thursday. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Core CPI appears likely to trough at 5.0% in September before moving higher, should the current path persist, as prices for services rise further, Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said in a note. Sticky prices vex central banks https://www.reuters.com/graphics/USA-FED/INFLATION/klpygmdrdpg/chart.png The two-year Treasury yield, which typically moves in step with interest rate expectations, rose 2.7 basis points to 4.035% - double the Fed\'s inflation target of 2%. A consensus in the bond market was that the Fed would eventually lower rates, but speculation the banking crisis sparked in March with collapse of Silicon Valley Bank and the takeover of Credit Suisse has stabilized, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "There\'s been more of a belief now that perhaps the Fed will pause for an extended period of time. They\'re in no hurry in lower rates," he said. Futures show a 71.8% likelihood that the Fed will raise rates by 25 basis points to a range of 5.0%-5.25% when policymakers conclude a two-day meeting on May 3, CME Group\'s FedWatch tool shows. But markets are pricing the Fed to cut its target rate to 4.394% by December as the economy slows and potentially enters a recession. The outlook for December last week had rates falling below 4.0% at one point. Story continues "The Fed could surprise us and pause" in May, Ghriskey said. "But they\'re very unlikely to roll over at this point. They are determined to crush inflation." Not broken yet https://www.reuters.com/graphics/IMF-WORLDBANK/CENTRAL%20BANKS/egpbyladkvq/chart.png The Fed should be cautious about raising rates in the face of recent banking stress, Chicago Fed President Austan Goolsbee said on Tuesday, noting that a pullback in bank lending would help quell inflation and leave less for monetary policy to do. The U.S. central bank\'s policy path will depend on incoming data, New York Fed President John Williams said, adding that he had yet to see much sign of credit conditions tightening and it would take time to see how that played out. The yield on benchmark 10-year Treasury notes rose 1.3 basis points to 3.428%, while the 10-year German bund\'s yield rose 0.2 basis points to 2.305%, pulling back from an earlier high of 2.317%. Equity markets in Europe rallied after a long four-day Easter holiday, while the S&P 500 retreated minutes before the close to end flat and the Nasdaq slid. Large U.S. banks on Friday kick off earnings season that is expected overall to show a decline in profits, though banks are considered undervalued after a sell-off in March. MSCI\'s gauge of stocks across the globe gained 0.43%. The pan-European STOXX 600 index closed up 0.62% and Japan\'s blue-chip Nikkei added 1.05%. On Wall Street, the Dow Jones Industrial Average rose 0.29% and the S&P 500 closed essentially flat, down 0.001%. The Nasdaq Composite dropped 0.43% after trying to turn positive most of the session. Bolstering the case for global inflation to ease further this year, data showed China\'s consumer inflation hit an 18-month low and factory-gate price declines sped up in March as demand remained weak. Meanwhile, investor morale in the euro zone improved in April after a surprise dip in March, a survey showed. South Korea\'s central bank held rates steady for a second consecutive meeting on Tuesday, while the Bank of Canada is expected to leave rates unchanged when it meets on Wednesday. The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned a severe flare-up of financial system turmoil could slash output to near recessionary levels. Investor sentiment has also been boosted by signs that turmoil in the banking sector is easing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors, Fed data last week showed. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The data on Friday showed employers added 236,000 jobs while the unemployment rate fell to 3.5%. The dollar index fell 0.322%, with the euro up 0.49% to $1.0912 and the yen weakening 0.07% at 133.69 per dollar. Bitcoin touched a fresh 10-month high at $30,438 before pulling back to $30,074.00. The digital token had been stuck between about $26,500 and $29,400 the previous three weeks. Elsewhere, U.S. crude rose $1.79 to settle at $81.53 a barrel, while Brent settled up $1.43 at $85.61. U.S. gold futures settled 0.8% higher at $2,019.00 an ounce. (Reporting by Dhara Ranasinghe; additional reporting by Selena Li in Hong Kong and Junko Fujita in Tokyo; Editing by Mark Heinrich, Alexander Smith and Lisa Shumaker)', 'By Herbert Lash NEW YORK (Reuters) - A gauge of global stocks rose and bond yields edged higher on Tuesday as traders anticipate interest rates will soon peak even as the market bets that the U.S. Federal Reserve will tighten monetary policy further in May to tame inflation. Gold climbed back up above the key $2,000 per ounce level as the dollar came off Monday\'s peak, while oil prices rose despite Chinese inflation data pointing to persistently weak demand. Investors are eagerly awaiting U.S. consumer prices data on Wednesday and producer prices on Thursday. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Core CPI appears likely to trough at 5.0% in September before moving higher, should the current path persist, as prices for services rise further, Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said in a note. Sticky prices vex central banks https://www.reuters.com/graphics/USA-FED/INFLATION/klpygmdrdpg/chart.png The two-year Treasury yield, which typically moves in step with interest rate expectations, rose 2.7 basis points to 4.035% - double the Fed\'s inflation target of 2%. A consensus in the bond market was that the Fed would eventually lower rates, but speculation the banking crisis sparked in March with collapse of Silicon Valley Bank and the takeover of Credit Suisse has stabilized, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "There\'s been more of a belief now that perhaps the Fed will pause for an extended period of time. They\'re in no hurry in lower rates," he said. Futures show a 71.8% likelihood that the Fed will raise rates by 25 basis points to a range of 5.0%-5.25% when policymakers conclude a two-day meeting on May 3, CME Group\'s FedWatch tool shows. But markets are pricing the Fed to cut its target rate to 4.394% by December as the economy slows and potentially enters a recession. The outlook for December last week had rates falling below 4.0% at one point. Story continues "The Fed could surprise us and pause" in May, Ghriskey said. "But they\'re very unlikely to roll over at this point. They are determined to crush inflation." Not broken yet https://www.reuters.com/graphics/IMF-WORLDBANK/CENTRAL%20BANKS/egpbyladkvq/chart.png The Fed should be cautious about raising rates in the face of recent banking stress, Chicago Fed President Austan Goolsbee said on Tuesday, noting that a pullback in bank lending would help quell inflation and leave less for monetary policy to do. The U.S. central bank\'s policy path will depend on incoming data, New York Fed President John Williams said, adding that he had yet to see much sign of credit conditions tightening and it would take time to see how that played out. The yield on benchmark 10-year Treasury notes rose 1.3 basis points to 3.428%, while the 10-year German bund\'s yield rose 0.2 basis points to 2.305%, pulling back from an earlier high of 2.317%. Equity markets in Europe rallied after a long four-day Easter holiday, while the S&P 500 retreated minutes before the close to end flat and the Nasdaq slid. Large U.S. banks on Friday kick off earnings season that is expected overall to show a decline in profits, though banks are considered undervalued after a sell-off in March. MSCI\'s gauge of stocks across the globe gained 0.43%. The pan-European STOXX 600 index closed up 0.62% and Japan\'s blue-chip Nikkei added 1.05%. On Wall Street, the Dow Jones Industrial Average rose 0.29% and the S&P 500 closed essentially flat, down 0.001%. The Nasdaq Composite dropped 0.43% after trying to turn positive most of the session. Bolstering the case for global inflation to ease further this year, data showed China\'s consumer inflation hit an 18-month low and factory-gate price declines sped up in March as demand remained weak. Meanwhile, investor morale in the euro zone improved in April after a surprise dip in March, a survey showed. South Korea\'s central bank held rates steady for a second consecutive meeting on Tuesday, while the Bank of Canada is expected to leave rates unchanged when it meets on Wednesday. The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned a severe flare-up of financial system turmoil could slash output to near recessionary levels. Investor sentiment has also been boosted by signs that turmoil in the banking sector is easing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors, Fed data last week showed. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The data on Friday showed employers added 236,000 jobs while the unemployment rate fell to 3.5%. The dollar index fell 0.322%, with the euro up 0.49% to $1.0912 and the yen weakening 0.07% at 133.69 per dollar. Bitcoin touched a fresh 10-month high at $30,438 before pulling back to $30,074.00. The digital token had been stuck between about $26,500 and $29,400 the previous three weeks. Elsewhere, U.S. crude rose $1.79 to settle at $81.53 a barrel, while Brent settled up $1.43 at $85.61. U.S. gold futures settled 0.8% higher at $2,019.00 an ounce. (Reporting by Dhara Ranasinghe; additional reporting by Selena Li in Hong Kong and Junko Fujita in Tokyo; Editing by Mark Heinrich, Alexander Smith and Lisa Shumaker)', 'By Herbert Lash NEW YORK (Reuters) - A gauge of global stocks rose and bond yields edged higher on Tuesday as traders anticipate interest rates will soon peak even as the market bets that the U.S. Federal Reserve will tighten monetary policy further in May to tame inflation. Gold climbed back up above the key $2,000 per ounce level as the dollar came off Monday\'s peak, while oil prices rose despite Chinese inflation data pointing to persistently weak demand. Investors are eagerly awaiting U.S. consumer prices data on Wednesday and producer prices on Thursday. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Core CPI appears likely to trough at 5.0% in September before moving higher, should the current path persist, as prices for services rise further, Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said in a note. Sticky prices vex central banks https://www.reuters.com/graphics/USA-FED/INFLATION/klpygmdrdpg/chart.png The two-year Treasury yield, which typically moves in step with interest rate expectations, rose 2.7 basis points to 4.035% - double the Fed\'s inflation target of 2%. A consensus in the bond market was that the Fed would eventually lower rates, but speculation the banking crisis sparked in March with collapse of Silicon Valley Bank and the takeover of Credit Suisse has stabilized, said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "There\'s been more of a belief now that perhaps the Fed will pause for an extended period of time. They\'re in no hurry in lower rates," he said. Futures show a 71.8% likelihood that the Fed will raise rates by 25 basis points to a range of 5.0%-5.25% when policymakers conclude a two-day meeting on May 3, CME Group\'s FedWatch tool shows. But markets are pricing the Fed to cut its target rate to 4.394% by December as the economy slows and potentially enters a recession. The outlook for December last week had rates falling below 4.0% at one point. Story continues "The Fed could surprise us and pause" in May, Ghriskey said. "But they\'re very unlikely to roll over at this point. They are determined to crush inflation." Not broken yet https://www.reuters.com/graphics/IMF-WORLDBANK/CENTRAL%20BANKS/egpbyladkvq/chart.png The Fed should be cautious about raising rates in the face of recent banking stress, Chicago Fed President Austan Goolsbee said on Tuesday, noting that a pullback in bank lending would help quell inflation and leave less for monetary policy to do. The U.S. central bank\'s policy path will depend on incoming data, New York Fed President John Williams said, adding that he had yet to see much sign of credit conditions tightening and it would take time to see how that played out. The yield on benchmark 10-year Treasury notes rose 1.3 basis points to 3.428%, while the 10-year German bund\'s yield rose 0.2 basis points to 2.305%, pulling back from an earlier high of 2.317%. Equity markets in Europe rallied after a long four-day Easter holiday, while the S&P 500 retreated minutes before the close to end flat and the Nasdaq slid. Large U.S. banks on Friday kick off earnings season that is expected overall to show a decline in profits, though banks are considered undervalued after a sell-off in March. MSCI\'s gauge of stocks across the globe gained 0.43%. The pan-European STOXX 600 index closed up 0.62% and Japan\'s blue-chip Nikkei added 1.05%. On Wall Street, the Dow Jones Industrial Average rose 0.29% and the S&P 500 closed essentially flat, down 0.001%. The Nasdaq Composite dropped 0.43% after trying to turn positive most of the session. Bolstering the case for global inflation to ease further this year, data showed China\'s consumer inflation hit an 18-month low and factory-gate price declines sped up in March as demand remained weak. Meanwhile, investor morale in the euro zone improved in April after a surprise dip in March, a survey showed. South Korea\'s central bank held rates steady for a second consecutive meeting on Tuesday, while the Bank of Canada is expected to leave rates unchanged when it meets on Wednesday. The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned a severe flare-up of financial system turmoil could slash output to near recessionary levels. Investor sentiment has also been boosted by signs that turmoil in the banking sector is easing after the two largest bank failures since the financial crisis rocked the banking system and rattled depositors, Fed data last week showed. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The data on Friday showed employers added 236,000 jobs while the unemployment rate fell to 3.5%. The dollar index fell 0.322%, with the euro up 0.49% to $1.0912 an
**Last 60 Days of Bitcoin's Closing Prices:**
[21651.18, 21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-11
**Financial & Commodity Data:**
- Gold Closing Price: $2004.80
- Crude Oil Closing Price: $81.53
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $581,895,280,981
- Hash Rate: 366599106.2932332
- Transaction Count: 385002.0
- Unique Addresses: 793340.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ETC Group ETC GROUP TO LAUNCH THE FIRST DIGITAL ASSET ETP BASED ON AN MSCI INDEX This is the first crypto ETP to launch based on an MSCI index The ETP will track the performance of the MSCI Global Digital Assets Select Top 20 Capped Index, with quarterly rebalancing The ETC Group MSCI Digital Assets Select 20 ETP is expected to list as early as April on Deutsche Börse Xetra under its planned primary ticker DA20 The ETP will be physically-backed, with digital assets kept in cold storage custody 29 March, 2023 . London, UK - ETC Group ( www.etc-group.com ), Europes leading provider of digital asset-backed securities, has announced today that it will list the first crypto ETP based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list on Germanys Deutsche Börse XETRA in April. The ETP will track the performance of the MSCI Global Digital Assets Select Top 20 Capped Index. The index, which was developed by MSCI with ETC Group's input, was launched in early March this year, and represents the 20 leading digital assets. These currently include cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Each individual constituent of the index is capped at a maximum of 30 percent. Stablecoins, privacy tokens and meme-coins, are excluded from the index universe. Like other ETC Group products, the ETP will be physically-backed and the underlying digital assets will be deposited in cold storage custody, in accordance with the index composition and weighting. Tim Bevan, Co-CEO and Founder of ETC Group, commented, We are very proud to issue this new benchmark ETP. Tracking twenty constituents, this is the first genuine broad market index ETP in this exciting new asset class providing the ideal asset allocation tool to investors. Bradley Duke, Co-CEO and Founder added, "This product signals the evolution of ETC Groups product offering from single asset access products toward products that provide investment management solutions while retaining the same uncompromising standards in quality and investor security. Story continues Stephane Mattatia, Head of Thematic Indexes at MSCI said, The digital assets ecosystem is evolving rapidly and investor demand for access to this new asset class is growing. MSCI Digital Assets Indexes are developed with a systematic and process-oriented approach to help global investors gain transparency into this long-term, disruptive trend and enable them to make better investment decisions. The ETC Group MSCI Digital Assets Select 20 ETP can, once listed, be bought and sold like shares or ETFs via the regulated stock exchange. All that is required is a standard securities account with a broker or bank. Liquidity in trading of the ETPs is ensured by authorised participants and market makers. Cryptocurrencies are highly volatile, and your capital is at risk. Information contained in this press release is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering to retail investors in the United Kingdom, or a public offering in the United States or Canada, or any state, province or territory thereof, where neither the issuer nor its products are authorised or registered for distribution or sale and where no prospectus of the issuer has been filed with any securities regulator. Full Disclaimer: https://bit.ly/etcdisc - E NDS - Notes for Editors About ETC Group ( www.etc-group.com ) ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets' and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse. With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, we aim to continuously launch best-in-class institutional-grade exchange traded products. As a company, we have previously launched the worlds first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and have also launched Europe´s first Metaverse ETF together with HANetf. Trading Information Product Primary listing exchange Primary t icker ISIN ETC Group MSCI Digital Assets Select 20 ETP (Expected) Deutsche Börse XETRA (Expected) DA20 (Expected) DE000A3G3ZL3 ETC Group Physical Bitcoin Deutsche Börse XETRA BTCE DE000A27Z304 ETC Group Physical Ethereum Deutsche Börse XETRA ZETH DE000A3GMKD ETC Group Physical Litecoin Deutsche Börse XETRA ELTC DE000A3GN5J9 ETC Group Physical Polkadot Deutsche Börse XETRA PLKA DE000A3GVKX6 ETC Group Physical Cardano Deutsche Börse XETRA RDAN DE000A3GVKY4 ETC Group Physical Solana Deutsche Börse XETRA ESOL DE000A3GVKZ1 ETC Group Physical Polygon Deutsche Börse XETRA MTCE DE000A3GWNP ETC Group Physical XRP Deutsche Börse XETRA GXRP DE000A3GYNB0 The product list including all exchange listings and trading information is available at https://etc-group.com/products/ . Contact index @etc-group.com for any product related inquiries. Media Contact: Sam Shelton [email protected] COHESION BUREAU Frank Schwarz T +49 611 580 2929 0 frank. [email protected] Attachment 230329_PM_EN_ETC Group Press Release_DA20...
- Reddit Posts (Sample): [['u/TyroneWallinson', 'ACH is flying', 25, '2023-04-11 00:28', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/', 'Captions says it all. Kinda scary how it’s following BTCs movements. 5c🔜🥷🏾', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/', '12hyp54', [['u/rain168', 13, '2023-04-11 00:33', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/jfr7f3o/', 'It was but now you have jinxed it', '12hyp54']]], ['u/guestquest88', 'Having 1 BTC & 32 ETH will be a symbol of status in 10 years - repost', 35, '2023-04-11 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/', 'Reposting, since my original post got deleted due to some 12 BTC post limit. It appears we\'re at 11 posts now, so I\'m gonna try reposting. No poll, since it\'s "not allowed" anymore? \n\nAs for the results from the last post\n\n413 votes total\n\n13.5% have 1 BTC & 32 ETH (or more)\n72.2% do NOT have 1 BTC & 32 ETH\n14.2% just wanted to see the results :)\n\n\nI spent the day today just watching the markets and reviewing some charts, and came to a realization that may not be so obvious for everybody. As people, most of us concentrate on today and tomorrow. When it comes to investments, most people fail to look at the big picture. \n\nJust look at the prices of real estate in the US. Whoever bought a house in the early 90\'s should have their house paid off by now, if they took a out a 30 year mortgage. Of course, the bank also got a nice cut off that deal, but that\'s a story for another day. If such a person, and I happen to know quite a few of them, decided to sell today, they would be pretty well off. Unless of course, the area they bought their house in declined beyond imagination. \n\nI don\'t believe we can call such people "investors", per se. They didn\'t buy a house to get rich. They bought a house to fulfill their basic needs. People got rich and financially secure by not analyzing anything or thinking much about it... \n\nNow... What if somebody today, decided to spend some time analyzing the crypto markets? What if that somebody took the time to do that back in 2016 or even 2020? \n\nWe\'ve been through multiple bull and bear markets. Bitcoin was supposed to be 6 feet under more times than I can count :) \n\nA conscious investor, who decided to save on coffee and start stacking BTC and ETH in early 2016 instead, would be quite well off by now! Same applies even if that person started in 2020. Will the same statement apply in 2028? I honestly think it may.\n\nI know times are hard. This world revolves around cycles, just like crypto does. We\'ve had tough times back in \'92, \'00, \'08 and now. Seems like every 10 years the world goes to shit. Those who have been around a while should be able to go with the wave. Good times, just as bad times don\'t last forever. \n\nI\'ve recently read an article that having 1 BTC and 32 ETH will help you be a part of a very small elite club in the near future. A financially secure club of investors. Afterall, you can stake those. The returns may not be much now, but in the future the staking rewards will offer you a nice salary. \n\n32 ETH = $60,800\n\n1 BTC= $29,000\n\nThose are todays prices. Almost $100k worth of crypto investments. That is a shitload of money.\n\nNow compare that with 2020...\n\n32 ETH = $2,880\n\n1 BTC = $4,000\n\n$6,880 back in 2020 was a decent used car with it\'s own issues. I\'m pretty sure with all the unemployment money and the stimulus checks (in the US) you would be able to get 1 BTC and 32 ETH. The question is, did you?\n\nWe went from $6,800 to almost $100k in a matter of 3 years, AND we\'re in a bear market. Should this even be surprising to us? \n\nI\'m no moon boy but I haven\'t seen better returns anywhere else. Everybody and their grandma comes to crypto when BTC is hitting new all time highs. Please don\'t be "everybody". Just don\'t be that guy. \n\nPersonally, I don\'t even hold gold anymore. I sold it to buy BTC. Gold was good for my fathers and my grandfathers generation, not for mine. Here\'s the kicker... My grandfather and my dad didn\'t invest in gold. They didn\'t invest at all. I prefer to be different. \n\nI know this post is gonna age well. We will have people reading this in 2030 thinking "I wish I was buying BTC and ETH back then!" What color electric lambo may those redditors commenting below be driving now?! :\n\nWhat\'s my goal here? None, really. This post is just to wake you up and force you to look at the big picture. Look how much has changed over the past 3 years. If you\'re not buying BTC and ETH, just go buy some. DCA. If it drops, so be it. In 7 years you\'ll be ahead :)', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/', '12i11ly', [['u/Kappatalizable', 14, '2023-04-11 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrhbsy/', 'It already is...', '12i11ly'], ['u/TruthSeeekeer', 66, '2023-04-11 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrimhc/', 'That already is a massive symbol of status in 2023 - how many whole coiners do you know?!', '12i11ly'], ['u/PoisonWaffle3', 27, '2023-04-11 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrka5s/', "Wholecoiner, checking in. But I've been into crypto since 2011.", '12i11ly'], ['u/bananainbeijing', 11, '2023-04-11 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrki0d/', "to be fair, the prices you pulled from 2020 are like the lows of the year. \n\nNot many people would have caught the exact bottom\n\nstill, if you got in in 2020, the average prices were still a lot lower than now, but your returns wouldn't be AS huge as they seem in your post. For example, BTC was around $8K for most of the year, and ETH was around $300", '12i11ly'], ['u/blindkiller770', 13, '2023-04-11 02:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrkzjl/', 'I know exactly one other person in my life that invests in crypto. The one who got me into it, doesn’t even invest anymore.', '12i11ly'], ['u/UsedTableSalt', 13, '2023-04-11 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrnr78/', 'Having .1 bitcoin is already a status symbol in my book.', '12i11ly'], ['u/UFONomura808', 10, '2023-04-11 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrxhnr/', 'Wholecoiner as well, been in since 2017. Wgmi!', '12i11ly'], ['u/[deleted]', 10, '2023-04-11 06:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfseynw/', '"Yea dude, you just run your PC overnight and in the morning you trade these bit token things for free PC games."\n\nMy man changed my life and doesn\'t even own crypto nowadays.', '12i11ly']]], ['u/happyhookerxx', 'I’m getting ripped off left and right', 41, '2023-04-11 03:58', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/', 'I’m trying to put myself back out there after a few year hiatus and these new ad sites are really trying it! I made a RubMD account and added a lot of bitcoin funding for a few weeks of premium ads and refreshing and the website disappeared literally the next day. \n\nAdultSearch is crazy. I made and paid for a $20 ad and a week later they took it down and said I needed to verify with a video, so I did. Then they said the ad now costs $50 if I want it back up if I wasn’t going to show my face in my ad, so I uploaded a new photo un-blurred and showing my face and they said it’s “too blurry” so I’m not verified, my ad isn’t up and they kept the balance of what I paid for the ad and the extra bitcoin I transferred for a renewal. I have a very dark feeling about that website I wouldn’t be surprised if the owners are involved in sex trafficking. \n\nThen I tried to make a $25 ad on Bedpage and it’s trying to force me to upload another $500 in bitcoin as a “deposit” to post the ad. Why would I put that much money on an illegal website that can easily get taken down tomorrow just like RubMD did? \n\nI have ads on Tryst, PD and Slixa there’s just too many girls in my area and I have no reviews yet since I’m “new” so no one is bothering. Everyone contacting me is a leftover loser right now (the blacklist guys with the worst reviews no one wants to see that just sit around calling and texting all day that never book).\n\nSorry, rant over, it just shouldn’t be this hard to meet clients!', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/', '12i4iyd', [['u/lemadilyn07', 25, '2023-04-11 04:27', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfs2l9s/', 'it’s shit right now over here too. all day just time wasters and fantasy bookers. \n\ncrossing fingers for a better tomorrow', '12i4iyd'], ['u/happyhookerxx', 16, '2023-04-11 04:46', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfs4yyy/', 'Tomorrow will bring nothing but abundance and prosperity. Tuesday’s always have better energy!', '12i4iyd'], ['u/Classicbarbie12', 14, '2023-04-11 05:44', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfsbppx/', 'Reading your post is precisely why I will keep paying over $100 a month on my Tryst membership. I am so sorry you are going through this crap!\n\nJumping through all those hoops is such a waste of time, and they seem like they do this to a lot of people.\n\nJust a reminder if you don’t already know this, but Tryst also has the donation matching program. Not sure if that helps you save a little bit of money. \n\nAnd there are plenty of times that clients don’t book you based on reviews rather, your profile. I have a handful of reviews on one site, that I didn’t even know existed till I found out I had a review. So it’s such a mixed bag out there! Ugh!!', '12i4iyd'], ['u/redkittyluv', 28, '2023-04-11 06:15', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfsevqy/', "You happened to choose the worst sites. The only sites with real clients who screen and pay well are Tryst and sometimes PD. Eros never worked for me. But it may work in smaller cities. Or if you buy all the premium placement in a big city. STG and Erotic monkey worked for me when I charged less. These are the only sites I've used that work.", '12i4iyd']]], ['u/itsdarkmatter', 'Hang on guys. Dont panic or get too excited. Just HODL!!¡!!', 156, '2023-04-11 04:09', 'https://www.reddit.com/r/SHIBArmy/comments/12i4u27/hang_on_guys_dont_panic_or_get_too_excited_just/', 'So we know Bitcoin moves, we move... just keep calm and HODL!!!', 'https://i.redd.it/qv7ldd47g7ta1.jpg', '12i4u27', [['u/LAGOJOE', 18, '2023-04-11 04:10', 'https://www.reddit.com/r/SHIBArmy/comments/12i4u27/hang_on_guys_dont_panic_or_get_too_excited_just/jfs0fd5/', 'In SHIB-HODL we trust 💪', '12i4u27'], ['u/MeasurementFew1007', 12, '2023-04-11 04:19', 'https://www.reddit.com/r/SHIBArmy/comments/12i4u27/hang_on_guys_dont_panic_or_get_too_excited_just/jfs1m9k/', '', '12i4u27'], ['u/Fit_Consideration560', 14, '2023-04-11 05:17', 'https://www.reddit.com/r/SHIBArmy/comments/12i4u27/hang_on_guys_dont_panic_or_get_too_excited_just/jfs8pdq/', 'It’s just Bitcoin breaking through 28,500…. Making a run to probably around 32k and then level back down to 30k. Unless your a short trader just Hold the line', '12i4u27']]], ['u/Conscious_Most_4371', 'Does ‘law enforcement’ really get involved in these daily hacks?', 14, '2023-04-11 04:32', 'https://www.reddit.com/r/Buttcoin/comments/12i5hhj/does_law_enforcement_really_get_involved_in_these/', 'So there are hacks daily in crypto. Every company that gets hacked quickly claims they are ‘working with law enforcement’ to identify the perpetrators. Nobody is buying this shit right? This is an actual update from last week:\n\nThe Sentiment liquidity protocol on the Arbitrum blockchain was attacked on April 4 for almost $1 million in various tokens, including wrapped Bitcoin and Ether, and several different stablecoins.\nThe attacker apparently took advantage of a re-entrancy vulnerability to execute the theft, then swapped the tokens and bridged them to the Ethereum main chain.\n\nSentiment tweeted that they were aware of the attack and investigating what had happened. They also stated that they were working with law enforcement.\n\nCan you imagine calling law enforcement and telling them: “hi. I’d like to report a crime: The Sentiment liquidity protocol on the Arbitrum blockchain was attacked”\n\nIt’s all so stupid. Not to mention the volume of hacks is so great, the authorities couldn’t look into this garbage even if they wanted to. For reference here are two hacks that happened today alone:\n\nhttps://cointelegraph.com/news/south-korean-crypto-exchange-gdac-hacked-for-nearly-14m\n\nhttps://cointelegraph.com/news/terra-defi-project-terraport-suffers-2m-hack-days-after-launch', 'https://www.reddit.com/r/Buttcoin/comments/12i5hhj/does_law_enforcement_really_get_involved_in_these/', '12i5hhj', [['u/kcarmstrong', 19, '2023-04-11 04:51', 'https://www.reddit.com/r/Buttcoin/comments/12i5hhj/does_law_enforcement_really_get_involved_in_these/jfs5mhq/', 'There is no chance that law enforcement is looking into like 95%+ of these hacks. Most of the hacks are taking place from North Korea or Russia. They may get involved with the largest ones. \n\nIt’s also only a matter of time before these hacking operations get an insider to help them access coins at Coinbase, Kraken, and every other large exchange. You just know that the hacking operations have their people applying for jobs at these companies all the time. And also bribing employees. People think their coins are safe at coinbase….the truth is, it’s only a matter of time before they get hit as well. Nothing is safe in cryptoland.', '12i5hhj'], ['u/2Panik', 20, '2023-04-11 05:53', 'https://www.reddit.com/r/Buttcoin/comments/12i5hhj/does_law_enforcement_really_get_involved_in_these/jfscof3/', 'If these are actually real hacks. I think 95% of these so called hacks, are actually inside jobs.', '12i5hhj'], ['u/decaf_flat_white', 16, '2023-04-11 07:01', 'https://www.reddit.com/r/Buttcoin/comments/12i5hhj/does_law_enforcement_really_get_involved_in_these/jfsj7tz/', 'Hacks? You spelled rug-pulls wrong.\n\nI’m not being facetious at all, the amount of funds stolen or defrauded under the guise of a 3rd party hack is probably understated. The traditional system has problems too but millions going missing practically daily is probably not the result of malicious hackers.', '12i5hhj']]], ['u/-Resident-One-', "Don't disclose your holdings on /cc", 299, '2023-04-11 04:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/', 'This should go without saying but don\'t disclose how many coins or the value of your portfolio online, on reddit or this sub. Unfortunately, I\'ve seen at least 3 people TODAY do exactly that and it\'s just foolish. \n\nTo begin, there\'s absolutely no reason to do so other than trying to gain clout or "win" an argument by saying "I have $1bil in BTC, so I\'m right!" The fact that you\'d disclose this on a public forum suggests you likely have a small penis and an even smaller brain. \n\nSecond, this puts a MASSIVE target on your back for scammers. It\'s basically like saying I\'m stupid and wealthy, please try and steal my money/crypto. It\'s pure hubris to assume you\'re bullet proof when blockchains and exchanges with cyber security experts get hacked. If they can, so can you. That\'s why it\'s literally in the subreddit rules lol. \n\nAnyways, thanks for coming to my TED Talk.\n\nBe safe. Be smart. Not your keys, not your crypto. Etc.\n\n\nEdit: I\'m sorry to everyone I offended with the small penis comment. It was only intended for people who act like idiots who have a small penis, not the small penis general population. Thanks!\n\nEdit 2: for everyone getting butthurt about this advice, it\'s just advice, no one is forcing you to do anything. Yes, it\'s unlikely that sharing the value of your portfolio will result in your getting scammed. However, the risk/reward ratio is firmly in the not sharing camp. You get nothing out of sharing it but may open yourself up to the risk of a hack or scam if you do. You don\'t even have to take any action not to share it, you just don\'t share it. Also, yes the blockchain is public but you\'d have to sift through so many addresses to find a worthy target. It\'s much easier to wait for someone to say they have a 6 figure portfolio and go from there as it\'s low hanging fruit. Finally, if this NEVER happened, they wouldn\'t have don\'t share the value of your portfolio in the subreddit rules lol.', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/', '12i61f2', [['u/nick83487', 34, '2023-04-11 04:55', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs62s1/', "I'll take it one step further, don't disclose your holdings to anyone, online or otherwise.", '12i61f2'], ['u/ImaFreemason', 15, '2023-04-11 04:55', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs657z/', 'I only own $7m worth, so no one will bother me.', '12i61f2'], ['u/-Resident-One-', 12, '2023-04-11 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs6aoy/', "Can I tell you about a few exciting early access projects I'm working on? Many of our investors have seen 100x returns already", '12i61f2'], ['u/Ateam043', 159, '2023-04-11 04:59', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs6jym/', 'Well, this community discloses how many moons you have. 😂', '12i61f2'], ['u/Spicoli007', 13, '2023-04-11 05:00', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs6pph/', 'You mean like the guy earlier saying he has 1BTC and 32ETH lol?!', '12i61f2'], ['u/donttrustmeokay', 18, '2023-04-11 05:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs6v4h/', "Dang, I have almost the exact same story. \n\n\nExcept I don't have a wife. \n\n\nOr an accountant.", '12i61f2'], ['u/Geolinear', 36, '2023-04-11 05:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs8552/', 'For some reason it’s different.', '12i61f2'], ['u/eat-sleep-rave', 18, '2023-04-11 05:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs86hu/', 'This community only brags about who is more on minus and who is carrying heavier bags', '12i61f2'], ['u/The_Lombard_Fox', 12, '2023-04-11 05:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs88gm/', "If I had 750 ETH I'd have way cooler things to do than argue on reddit", '12i61f2'], ['u/sweet_tinkerbelle', 28, '2023-04-11 05:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs9afw/', 'Rules for thee, r/cryptocurrency version', '12i61f2'], ['u/Every_Hunt_160', 13, '2023-04-11 05:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs9aqc/', 'I proudly disclose my number of moons', '12i61f2'], ['u/Heinous_Hose_Beast', 19, '2023-04-11 05:25', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfs9l4y/', 'Sorry to break it to you, but once you enter the 2 commas club, the man behind the curtain reveals to you the sad truth that arguing on Reddit is as good as it gets.', '12i61f2'], ['u/Ethan0307', 21, '2023-04-11 05:58', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfsd7rf/', 'Rules for thee not for cc', '12i61f2'], ['u/MostBoringStan', 11, '2023-04-11 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfselfo/', "When I have talked about BTC to people before, they usually ask how much I own. I understand it's kind of a curiosity thing because most people don't see it as money. They see it more as just a thing people own that is worth money. Kind of like asking a person who collects comic books if they have any expensive collectible issues.\n\nBut I never answer, because it's not that different from asking me how much cash I have in the bank or what my investment portfolio is worth. I don't think these people would ask those questions, so I don't think they are being rude. It's just not a question I'm going to answer.", '12i61f2'], ['u/dmelt253', 11, '2023-04-11 07:53', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfsngoc/', 'If you’re an actual whale people can and will get to your wallets, that is if you make yourself a target. There’s a whole black market industry that’s sprung up around stealing crypto because it’s safer than robbing banks and once your crypto is gone there’s very little that can be done to get it back.', '12i61f2'], ['u/phillyphanatic35', 16, '2023-04-11 14:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12i61f2/dont_disclose_your_holdings_on_cc/jfthnim/', 'Watching my one little lunar buddy carry me on his back in most certainly inspiring', '12i61f2']]], ['u/AutoModerator', '[Daily Discussion] - Tuesday, April 11, 2023', 47, '2023-04-11 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/', '12i7ncz', [['u/Upvote_Me_Slag', 11, '2023-04-11 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfseebo/', 'Pullback from 30k would be normal but the news is positive so a bit more of a push here methinks.', '12i7ncz'], ['u/jellicenthero', 13, '2023-04-11 06:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfshrcc/', '30k is a huge wall to get over. This is big. So many miners hit profitability at 30k', '12i7ncz'], ['u/TheManFromConlig', 16, '2023-04-11 07:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfsjjrt/', 'Well, looks like we ate that crab. It was delicious.', '12i7ncz'], ['u/roadworn', 13, '2023-04-11 08:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfso2xe/', "Loving to see 30k again. Big ups all the people who were calling 30k is inevitable. I personally think we never see below 19k again and I'm betting on it. You're all a good bunch, best of luck in your trades fellow humans.", '12i7ncz'], ['u/Essexal', 12, '2023-04-11 08:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfspl3j/', 'Not only did I enter a short on finex yesterday after waiting for a good time, I also ‘claimed my position’.\n\nYep cock. Make a huge red on the direction, and miss out on the rise as now what was BTC in your margin and rising with the market is now USD and you can go fuck yourself! \n\nI’m actually done trading. \n\nCiao guys x', '12i7ncz'], ['u/BatteredLittleFish', 10, '2023-04-11 08:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfsq7zn/', "Well that didn't last long below 30k, some relentless buying pressure, hope you BTFD.", '12i7ncz'], ['u/TonyTuck', 16, '2023-04-11 09:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfsvxru/', "I'm glad to see BTC going up like that after months and months of pain and nothingness but.. isn't it a bit too early for the start of a real run?\n\nWhat I mean by that is the last cycle' bull run isn't that far off. In the previous cycles we always had a bull run peak, then a year of lower lows until capitulation/the bottom was reached, then a veeery slow and boring accumulation phase with the price slowly going up (and maybe a retest of the cycle's bottom), then the halving and after that still the same thing (accumulation + boring price action) and then a few months of crazyness to new heights. And all of that usually take 4 years.\n\nI mean I'm happy to see the 30k resistance breached, but personally and historically it feels a bit too early for something big to me.\n\nAm I alone with this line of thinking? What do you guys think about this recent 30k push and our position in the current cycle?", '12i7ncz'], ['u/challis88ocarina', 15, '2023-04-11 09:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfswaz5/', 'This is the lower boundary of monthly resistance. Will it become support? Bullish target is monthly close over 34k. Anything over 33k these days will be considered testing the upper boundary.', '12i7ncz'], ['u/Magikarpeles', 38, '2023-04-11 10:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfszirx/', 'It’s at least back at a level where my inlaws are no longer calling me an idiot for buying bitcoin, so that’s nice.', '12i7ncz'], ['u/ChadRun04', 13, '2023-04-11 11:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft2zz0/', 'What are they calling you an idiot for now? ;)', '12i7ncz'], ['u/shwackshwack', 21, '2023-04-11 11:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft3ry9/', 'Whenever my parents hear on the news or i tell them corn\'s price has hit a new milestone, theyre like "SELL SELL SELL you never know what could happen in the future!". Weve been playing this game for years.', '12i7ncz'], ['u/DeanHodes', 19, '2023-04-11 11:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft4ivu/', 'I’m hoping it gets back to a level so that I can have in-laws again. Still a ways to go, I believe.', '12i7ncz'], ['u/52576078', 16, '2023-04-11 12:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft5byc/', "I take a few days off, and this place goes full bull euphoria. I know 30k is a special number but maybe I'm a battered bull from listening to Wardser too much, but come on guys, there's a long way to go.", '12i7ncz'], ['u/Magikarpeles', 14, '2023-04-11 12:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft6d0e/', 'Now it\'s a more general "You\'re an idiot" instead of something specific', '12i7ncz'], ['u/BitSecret', 16, '2023-04-11 12:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft6utf/', '[Tingles never lie](https://www.reddit.com/r/BitcoinMarkets/comments/12b8el1/daily_discussion_tuesday_april_04_2023/jf00vjo?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button)', '12i7ncz'], ['u/Downtown-Ad-4117', 17, '2023-04-11 12:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft6vw3/', 'Even if this is still low, we are a long way from 15k. That’s probably the reason.', '12i7ncz'], ['u/PatientlyWaitingfy', 13, '2023-04-11 12:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft7m9b/', 'Good morning guys, my last order filled while asleep.\n\nAdded to short at 30361. Done with shorting for now, time to wait and buy the dips again.\n\nEdit: Target 28161', '12i7ncz'], ['u/escendoergoexisto', 16, '2023-04-11 12:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft8dwx/', 'You’re not alone…however, all of us just watched a variation of prior bulls with a double top that peaked below the expected percentage increase to the ATH followed by a shallower blowoff bottom, which also broke the prior cycle’s ATH. So…a lot of folks are likely thinking that the bear following the last halving bull may also look different from prior cycles. \n\nTL/DR—cycles evolve', '12i7ncz'], ['u/52576078', 14, '2023-04-11 12:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft8sz3/', "Looks like that NYT hit piece didn't get much traction here on Reddit. Not sure about in the mainstream media https://old.reddit.com/r/Buttcoin/duplicates/12hfle8/the_environment_bitcoin_does_not_in_fact_solve/", '12i7ncz'], ['u/ChadRun04', 10, '2023-04-11 12:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft8ttz/', '> Source on that?\n\nEverything we know about FTX.\n\nThey were pumping their FTT coin by selling customers Bitcoin, then taking out loans against the FTT, without realising CZ still had enough of it to rekt them.', '12i7ncz'], ['u/poremdevemos', 10, '2023-04-11 12:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jft8um3/', 'I do think the same. It is starting to feel like we may front run the halvening in some degree.', '12i7ncz'], ['u/Downtown-Ad-4117', 19, '2023-04-11 13:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftbbah/', 'As of July 2022, their average was 43,357.', '12i7ncz'], ['u/bigchillinlat', 16, '2023-04-11 14:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftg8pa/', 'We are so back where is Merlot with the daily bullish TA posts it’s time men we have taken the neckline', '12i7ncz'], ['u/CrapCloud', 13, '2023-04-11 14:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftggzr/', "Even countries fomo and don't know how to dca", '12i7ncz'], ['u/xtal_00', 11, '2023-04-11 14:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfti2v4/', 'Opened a 1/4 position at \\~30000 support to play the open.\r \n\r \nExpect it to get stopped out, but maybe not.', '12i7ncz'], ['u/imissusenet', 36, '2023-04-11 14:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftjl4f/', "A Point and Figure update:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR\\[PA\\]\\[D\\]\\[F1!3!1.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR[PA][D][F1!3!1.0!!0!20])\n\nThe current High Pole is 9 boxes high. Let's take a look at the high poles since Aug 2022:\n\n[https://imgur.com/a/kb5lMlV](https://imgur.com/a/kb5lMlV)\n\nThere are 11. I originally found 9 (numbered 1-9), then found 2 more (1a and 2a).\n\n1: Immediately retraced almost all its total length, and took out the rest shortly after.\n\n1a: Immediately retraced total length.\n\n2: Retraced about 40%, then retraced 200%+ a few columns later.\n\n2a: Retraced about 40%.\n\n3: Retraced about 150%, which also retraced 2a.\n\n4: Very little retrace. 3 months later, the big spike down managed to retrace it 50%.\n\n5: Small retrace, several weeks later a spike down retraced it about 75%.\n\n6: 50% retrace right away, the big drop a month later took it out and then some.\n\n7: 40% retrace in next column.\n\n8: 33% retrace in next column.\n\n9: 50% retrace in next column.\n\nPoles 1, 1a, 2, 2a, and 3 were during a downtrend. 4-9 were during an uptrend.\n\nIf you were looking for possible targets to the downside, your candidates might include 50% of #8 ($26K) or 50% of #7 ($23.4K). \n\nThe current pole is 9 boxes high, and a 50% retrace from here would be $29.2K, but this pole may have more to grow (TWSS).", '12i7ncz'], ['u/DeanHodes', 10, '2023-04-11 14:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftkhqz/', 'In-laws are a side effect of love. Sounds like you just need another bathroom lol.', '12i7ncz'], ['u/snek-jazz', 25, '2023-04-11 15:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftnxgw/', "I'm sure he'll be back any minute with a Pinot and Figure chart.", '12i7ncz'], ['u/bigchillinlat', 12, '2023-04-11 15:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfto707/', 'Is this Merlot with a new account because he’s still holding all his btc in a trezor buried in his backyard. We are so back 😤', '12i7ncz'], ['u/imissusenet', 25, '2023-04-11 15:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftoow8/', "Neither Merlot nor Merlin. I'm more of a Petit Verdot kind of guy. Teeth-staining inky blackness served with a crunchy blood sausage to feed the demons.", '12i7ncz'], ['u/imissusenet', 13, '2023-04-11 15:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftp15p/', "That's because I'm not angry.\n\nYou wouldn't like me when I'm angry.", '12i7ncz'], ['u/delgrey', 14, '2023-04-11 15:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftpeq9/', 'Why we talking bout wine and not magicians again? Did he go undercover to hide from the tax man?', '12i7ncz'], ['u/BootyPoppinPanda', 15, '2023-04-11 15:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftt0sv/', "Nice to see the 30s. I don't think we really need much of a retrace for a while. High 30s before anything more than a 20% retrace imo, and even that will depend on how fast we get there", '12i7ncz'], ['u/BootyPoppinPanda', 23, '2023-04-11 15:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftt99s/', 'We are going full Balaji to a million. No camping', '12i7ncz'], ['u/xtal_00', 11, '2023-04-11 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftud90/', '36-38k will be rough as we move out of long term realized price territory.', '12i7ncz'], ['u/xtal_00', 17, '2023-04-11 16:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jftuio9/', 'Pushed my baby long into profit.\n\nWe may give 31k a kick.', '12i7ncz'], ['u/[deleted]', 13, '2023-04-11 17:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfu2udh/', 'Lots of news with btc recently between breaking 30 and being one of the top mcaps. Maybe some boomers will move some of that fidelity money over and let it sit there', '12i7ncz'], ['u/iEyeOpen', 11, '2023-04-11 18:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfud85y/', 'As long as altcoins are in the deep red like this, there is no incentive to sell anything, BTC included. Most are still near yearly lows.', '12i7ncz'], ['u/AccidentalArbitrage', 14, '2023-04-11 18:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfuelqg/', 'Ding Ding Ding! This is often the hole in the theory that "they" are keeping the price down so "they" can accumulate cheaper. \n\nHowever, theoretically "they" could:\n\n1) Sell during periods of low volume or lack of support to drop the price more than their sells would otherwise. \n\n2) Buy during periods of high volume or strong resistance to get their buys in without sending the price up significantly. \n\nBut this is a dangerous game and one that could leave "them" out of position or in an unadvantageous scenario. Therefore the most plausible explanation is there is no "they", no one trying to "keep the price down to accumulate". Instead we are just seeding normal fluctuations in supply and demand of a fixed-supply asset.', '12i7ncz'], ['u/TheGarbageStore', 10, '2023-04-11 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfufthk/', 'Remember when we were coupled to SPX? That shit has been rangebound', '12i7ncz'], ['u/imissusenet', 10, '2023-04-11 18:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfugc86/', "Back in Dec 2022, a poster here mentioned the MSTR debt:\n\n[https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=FMSTR5327169](https://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=FMSTR5327169) \n\nI picked some up at $56.39. It's back to par. Thanks, internet stranger!\n\nAs the yield is only 0.75%, I'm thinking about selling it here.", '12i7ncz'], ['u/_TROLL', 10, '2023-04-11 18:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfuiyfk/', "> *What was the deal with 28K?*\n\nFound Jerry Seinfeld's reddit account. 😋", '12i7ncz'], ['u/Ok_File_9520', 10, '2023-04-11 18:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfukidi/', 'Slightly original question. Chatgpt - is that bullish or bearish for Bitcoin? Or has no effect whatsoever?', '12i7ncz'], ['u/Ok_File_9520', 34, '2023-04-11 18:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfukpb9/', "Good bye to some narratives:\n\n1. Btc was a zirp phenomenon and it can't rise in high interest rates.\n\n2. Btc won't rise until s&p rises and is tied to macro.", '12i7ncz'], ['u/xtal_00', 10, '2023-04-11 18:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfukrtl/', "ChatGPT is the first of a series of world-changing technologies that are deploying at scale over the next 12-16 months.\n\nThis will improve productivity but likely disrupt portions of the economy. \n\nI'd say both the optimistic and pessimistic cases for the impact of the technology are good for Bitcoin.", '12i7ncz'], ['u/jarederaj', 10, '2023-04-11 19:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfulfvy/', "To maintain the integrity of the futures market, it is crucial that exchanges like the CME ensure that short positions are covered with the underlying asset, and that there is adequate arbitrage to keep prices in line with the spot market.\n\nseveral possible consequences for failing to do this:\n\n* **Counterparty risk**: If a trader is unable to cover their short position with physical Bitcoin, they may default on their obligations, leaving the counterparty exposed to financial losses.\n* **Price manipulation**: Traders who are aware that short positions aren't being covered with physical Bitcoin might try to manipulate the market, knowing that the price of the futures contract might not accurately reflect the true demand and supply for the asset.\n* **Market inefficiency**: Insufficient arbitrage with physical Bitcoin can lead to pricing discrepancies between the futures market and the spot market.\n* **Reduced price discovery**: One of the primary functions of futures markets is price discovery, which helps participants determine the fair value of an asset. If short positions aren't being covered with physical Bitcoin, it could impair the price discovery mechanism, leading to less reliable pricing information for market participants.", '12i7ncz'], ['u/jarederaj', 10, '2023-04-11 19:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfumb0q/', 'Bullish. The number one problem we face is stupidity.', '12i7ncz'], ['u/strawdar', 12, '2023-04-11 19:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfuo5pg/', "I'm going to say long term bullish. AI will be able to forge just about anything that is not secured with encryption. And a cryptographic historical record that is constantly attested 24/7 is even more powerful.", '12i7ncz'], ['u/Shibenaut', 18, '2023-04-11 19:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfuqauc/', 'Thanks ChatGPT', '12i7ncz'], ['u/PatientlyWaitingfy', 17, '2023-04-11 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfurxu4/', 'We are on the fourth green monthly candle in a row now, been some time.\n\nLast time that happened was in 2021, the start of the bull market', '12i7ncz'], ['u/itsthesecans', 11, '2023-04-11 20:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfuwpye/', "I've lost count of how many times I've ridden this thing past the $30k mark in either direction. It's always more fun going in this direction.", '12i7ncz'], ['u/DEEPFIELDSTAR', 15, '2023-04-11 20:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfuyxtn/', 'Why? Would be fantastic. Crab along for a little before surging higher. Seems good to me.', '12i7ncz'], ['u/BootyPoppinPanda', 13, '2023-04-11 20:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv1g3j/', "First of all, it's been hours...", '12i7ncz'], ['u/cryptojimmy8', 10, '2023-04-11 20:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv2zmg/', 'We need hourly dopamine injections here', '12i7ncz'], ['u/DEEPFIELDSTAR', 18, '2023-04-11 21:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv6qms/', "I love when you're watching a chart right as a green candle becomes more erect - so much so to the point where the entire chart has to physically readjust its proportions in real time to compensate for the upside. \n\nIt's the little things.", '12i7ncz'], ['u/thewardser', 10, '2023-04-11 21:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv726e/', 'stopped out on the short, went 10x long from $30,425\n\nstop loss $30,195', '12i7ncz'], ['u/Magikarpeles', 15, '2023-04-11 21:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv7aok/', 'hmm price keeps going up - bearish', '12i7ncz'], ['u/Roygbiv856', 12, '2023-04-11 21:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv7xde/', 'About the whole ftx manipulating the market with paper btc...is this an undeniable fact? Widely believed theory? Do we have any idea just how severely they were suppressing the price?', '12i7ncz'], ['u/xtal_00', 11, '2023-04-11 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv926l/', "Severely. \n\nThere's Billions in losses, and most of that would have been used to effectively short Bitcoin. Nevermind the Luna debacle. \n\nBehind us now, and the next bull is going to melt faces.", '12i7ncz'], ['u/rybeor', 11, '2023-04-11 21:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfv9fzb/', "A part of me thinks *tin foil hat* that the reason the SEC seemed a little more crypto friendly before FTX was due to transparent price suppression strategies that would allow Bitcoin to live but in a contained fashion. Futures were probably approved because of this reason, too. Anything to help those with money to profit from it's volatility, but nothing to endorse or help with Bitcoin's growth.", '12i7ncz'], ['u/PatientlyWaitingfy', 12, '2023-04-11 21:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvabmz/', "If you watch the 5 min candles you see that it's relatively low volume and then suddenly one big volume candle that shoots up the price, then the volume goes straight down again. While the price stabilises at a higher level. It's the same pattern since we gone up from 28k. Don't know what to make of it, just an observation.", '12i7ncz'], ['u/thewardser', 15, '2023-04-11 21:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvb53n/', 'stopped out on the long, relonged 10x at $30,150...stop loss $29,999', '12i7ncz'], ['u/thewardser', 13, '2023-04-11 21:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvc3sg/', 'its the 15-min chart getting reset from overbought to neutral, so we are due for an extended move up\n\nthat higher high just now, basically signaled that it wants to go up', '12i7ncz'], ['u/BootyPoppinPanda', 12, '2023-04-11 21:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvc6ri/', "Your trades stress me the fuck out. But when you nail it I'm envious. It's good entertainment", '12i7ncz'], ['u/sl_crypto', 12, '2023-04-11 22:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvf1zx/', 'Local top i think has been reached for now. 10x short 30.2. Tigh stops.', '12i7ncz'], ['u/TightTightTightYea', 15, '2023-04-11 22:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvfsx9/', 'Your thinking is fogged, as you can tell yourself.\n\nClose all trades, then re-evaluate. If it still looks bullish, open long again, no problems (except trading fees).', '12i7ncz'], ['u/mad_bitcoin', 13, '2023-04-11 23:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/12i7ncz/daily_discussion_tuesday_april_11_2023/jfvqbx0/', 'Everyone waiting for the dip that will never come🤦\u200d♂️', '12i7ncz']]], ['u/wolfoffantasy', 'uh oh, mass media is promoting silver and gold...you know what means?', 76, '2023-04-11 07:59', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/', 'Here comes a big crash and rug pull. I was hoping they would at least wait for 5k or 10k for main stream to talk about it. Just like BTC when mainstream gathered behind it, it crashed to the floor and people lost all their wealth and what silver did at $50 dollars, you had every silver dealer paying you tubers to promote it right before the crash. This does not bode well for the outlook of silver if history has any indication.', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/', '12iaf8s', [['u/kdjfskdf', 10, '2023-04-11 08:12', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/jfsowzm/', "I've seen them mention Gold but rarely Silver", '12iaf8s'], ['u/HigoSilver', 36, '2023-04-11 08:19', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/jfspho5/', " Always risk as long as the pigs control the paper. I'll take my chances and hold. If retail rushes into silver in droves, the pigs will have more difficulty controlling the paper. Besides, what else is there to do? Might be one of the only games in town soon.", '12iaf8s'], ['u/the_hornicorn', 12, '2023-04-11 08:25', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/jfspxec/', 'Silver purchase options are low at abc bullion....they must be low on stock.', '12iaf8s'], ['u/Liquid_H', 16, '2023-04-11 08:39', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/jfsqxs8/', 'Very possible in calm weather. But in such turbulent, uninsuring and even frightening times it will be very difficult to initiate a rug pull. And even if it is done, how long will it last against the current trillion exodus from bank accounts? 15 Minutes?\n\nFor this to work one needs complete control over markets and prices. After SVB I do not see it in charts - just control of the rate the prices grow, at most. It is always possible that I am wrong, but my bills say otherwise...', '12iaf8s'], ['u/Plus_Pen8700', 15, '2023-04-11 08:49', 'https://www.reddit.com/r/Wallstreetsilver/comments/12iaf8s/uh_oh_mass_media_is_promoting_silver_and_goldyou/jfsrntn/', 'I doubt that. Although i’d love to see $10 silver as would many stackers. I don’t want more failing fiat for my silver, I want more silver for my failing fiat! When the dollar fails,, and all fiat c...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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30139.05, 30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. consumer price index (CPI) report for March and Ethereum’s Shapella upgrade.\nThe largest cryptocurrency by market value was recently hovering over $30,200, up over 3% in the past 24 hours. BTC topped the psychologically important $30,000 level late Monday evening (ET)for the first time since last June. Analysts expect the March CPI to continue a recent cooling trend withthe year-over-year rate rising 5.2%, down from February’s 6%. The month-over-month rate is also expected to cool.\n“Traders [are] speculating that this week’s CPI number could come in at a level that gives the Fed reason to think about pausing raising rates in the next meeting, thereby giving a boost to assets like bitcoin,” James Lavish, managing partner at Bitcoin Opportunity Fund, told CoinDesk in an email.\nLavish added that if BTC continues to rise “with conviction,” a move right into the mid to high $30,000 would be likely, forcing short speculators to cover and buy instead. Some investors are trying to get positioned ahead of that.”\nAnalysts at K33 Research highlighted in a note to clients on Tuesday that open interest (OI) in BTC perpetuals surged by 10% to 297,000 BTC on Monday to reach its highest daily growth in open interest since early October. That spurt was followed by volatility and an intraday decline.\n“While BTC’s performance following surges in OI has varied, it has tended to foreshadow long or short squeezes,” analysts wrote, adding that similar daily growth in OI occurred during a spring rally in 2022 and before the short squeeze of July 2021.\nEther (ETH), the second-largest cryptocurrency, was recently trading at around $1,895, up 0.3% from Monday, same time. Validators and market watchers will be watching Ethereum’sShapella upgrade, which is expected to go live Wednesday evening (ET) and will mean that validators can withdraw their long-locked-up ETH from the Beacon Chain.\nCrypto data firm Kaiko highlighted in a Tuesday report that ETH markets have been heavily spot-driven over the past month, with the perpetual futures-to-spot ratio hitting its lowest level since the network's Merge in September. In contrast, that ratio had surged to nearly double pre-Merge levels at the start of the year.\nAmong other digital tokens, Solana’sSOLsurged over 12% to trade around $23.2, whileETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. TheCoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day.\nThe crypto market’s rally also coincided with crypto-related stocks’ continued momentum from Monday. Shares of bitcoin mining firm Marathon Digital Holdings (MARA) closed up 12% on Tuesday, while both exchange Coinbase (COIN) and business software company MicroStrategy (MSTR), a large corporate holder of BTC, were up more than 6%.\nEquity markets were mixed Tuesday afternoon, with the S&P 500 closing flat and the tech-heavy Nasdaq sliding 0.4%. The Dow Jones Industrial Average (DJIA) was up 0.2%.", "Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. consumer price index (CPI) report for March and Ethereum’s Shapella upgrade.\nThe largest cryptocurrency by market value was recently hovering over $30,200, up over 3% in the past 24 hours. BTC topped the psychologically important $30,000 level late Monday evening (ET)for the first time since last June. Analysts expect the March CPI to continue a recent cooling trend withthe year-over-year rate rising 5.2%, down from February’s 6%. The month-over-month rate is also expected to cool.\n“Traders [are] speculating that this week’s CPI number could come in at a level that gives the Fed reason to think about pausing raising rates in the next meeting, thereby giving a boost to assets like bitcoin,” James Lavish, managing partner at Bitcoin Opportunity Fund, told CoinDesk in an email.\nLavish added that if BTC continues to rise “with conviction,” a move right into the mid to high $30,000 would be likely, forcing short speculators to cover and buy instead. Some investors are trying to get positioned ahead of that.”\nAnalysts at K33 Research highlighted in a note to clients on Tuesday that open interest (OI) in BTC perpetuals surged by 10% to 297,000 BTC on Monday to reach its highest daily growth in open interest since early October. That spurt was followed by volatility and an intraday decline.\n“While BTC’s performance following surges in OI has varied, it has tended to foreshadow long or short squeezes,” analysts wrote, adding that similar daily growth in OI occurred during a spring rally in 2022 and before the short squeeze of July 2021.\nEther (ETH), the second-largest cryptocurrency, was recently trading at around $1,895, up 0.3% from Monday, same time. Validators and market watchers will be watching Ethereum’sShapella upgrade, which is expected to go live Wednesday evening (ET) and will mean that validators can withdraw their long-locked-up ETH from the Beacon Chain.\nCrypto data firm Kaiko highlighted in a Tuesday report that ETH markets have been heavily spot-driven over the past month, with the perpetual futures-to-spot ratio hitting its lowest level since the network's Merge in September. In contrast, that ratio had surged to nearly double pre-Merge levels at the start of the year.\nAmong other digital tokens, Solana’sSOLsurged over 12% to trade around $23.2, whileETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. TheCoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day.\nThe crypto market’s rally also coincided with crypto-related stocks’ continued momentum from Monday. Shares of bitcoin mining firm Marathon Digital Holdings (MARA) closed up 12% on Tuesday, while both exchange Coinbase (COIN) and business software company MicroStrategy (MSTR), a large corporate holder of BTC, were up more than 6%.\nEquity markets were mixed Tuesday afternoon, with the S&P 500 closing flat and the tech-heavy Nasdaq sliding 0.4%. The Dow Jones Industrial Average (DJIA) was up 0.2%.", "Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Welcome to The Hill’s Energy & Environment newsletter {beacon} The Big Story After February’s train derailment in East Palestine, Ohio, highlighted the risk of toxic exposure, other communities in the U.S. hope the attention doesn’t fade. © AP “We’re glad that East Palestine is getting the attention that they’re getting, but we also need attention here in Louisiana,” said Shamell Lavigne of the environmental justice organization Rise St. James in Louisiana’s so-called Cancer Alley. The derailment in East Palestine released chemicals\xa0including a\xa0carcinogen known as vinyl chloride . However, the East Palestine community is not the only one facing exposure to vinyl chloride and the accompanying risks. According to the Environmental Protection Agency’s (EPA) Toxic Release Inventory — a list of self-reported toxic chemical emissions — more than 428,000 pounds of vinyl chloride were released into the air by 38 industry facilities last year. In some parts of the country, meanwhile, facilities emit a range of chemicals, making impacts from individual substances difficult to pinpoint. Residents of the “Cancer Alley” corridor, which is known for its heavy industrial presence,\xa0are at a risk of cancer 51 percent higher than the national average , according to a 2012 study. Read the full report at thehill.com. Welcome to The Hill’s Energy & Environment newsletter, we’re Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Study: Greenhouse gas ‘tipping points’ preceded major earlier warming events Multiple periods of extreme warming in the earth’s past followed “tipping points” involving the release of greenhouse gases, according to research published in the journal Science Advances. Full Story I'm an image More EV sales could come from anticipated Biden rule The Biden administration is expected to soon put forward a proposal to strengthen regulations on vehicular emissions that, if finalized, is likely to move the market toward a greater share of electric vehicle sales. Full Story I'm an image Fewer Americans see US energy situation as ‘very serious’ Americans’ concern about the U.S. energy situation has fallen in the last year, according to a new poll. Full Story I'm an image In Other News Branch out with a different read from The Hill: I'm an image Multiple Norfolk Southern train cars derail near Pittsburgh Multiple Norfolk Southern train cars derailed near Pittsburgh, Pennsylvania on Saturday, amid the recent turmoil surrounding the U.S.-based railway company, which was at the center of a toxic train derailment on the Ohio-Pennsylvania state line in February. Full Story What We’re Reading News we’ve flagged from\xa0other outlets touching on energy issues, the environment and other topics : Virginia plant flagged for repeat chemical releases ( The Richmond Times-Dispatch ) The Real-World Costs of the Digital Race for Bitcoin ( The New York Times ) Environmental groups sue to stop Ohio from leasing state parks for oil and gas drilling ( The Columbus Dispatch ) The company that wants to build a controversial carbon dioxide pipeline in Illinois is seeking fast-tracked approval that would skip public input ( The Chicago Tribune ) What Others are Reading Two key stories on The Hill right now: I'm an image Jim Jordan subpoenas FBI Director Wray House Judiciary Chair Jim Jordan (R-Ohio) has issued a subpoena to FBI Director Christopher Wray in connection with a now-withdrawn memo that explored avenues for gaining information on white supremacists’ interaction with local Catholic churches. Read more I'm an image Don’t use public phone charging stations: FBI The FBI is warning people to not use public phone charging stations, which have become increasingly popular in places like airports and shopping malls. Read more Opinions in The Hill Op-eds related to energy & environment submitted to The Hill: ‘Permitting reform’ can’t mean more fossil fuels Eliminate useless uses of forever chemicals How to avoid apocalypse fatigue You’re all caught up. See you tomorrow! For the latest news, weather, sports, and streaming video, head to The Hill. View comments", "Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Welcome to The Hill’s Energy & Environment newsletter {beacon} The Big Story After February’s train derailment in East Palestine, Ohio, highlighted the risk of toxic exposure, other communities in the U.S. hope the attention doesn’t fade. © AP “We’re glad that East Palestine is getting the attention that they’re getting, but we also need attention here in Louisiana,” said Shamell Lavigne of the environmental justice organization Rise St. James in Louisiana’s so-called Cancer Alley. The derailment in East Palestine released chemicals\xa0including a\xa0carcinogen known as vinyl chloride . However, the East Palestine community is not the only one facing exposure to vinyl chloride and the accompanying risks. According to the Environmental Protection Agency’s (EPA) Toxic Release Inventory — a list of self-reported toxic chemical emissions — more than 428,000 pounds of vinyl chloride were released into the air by 38 industry facilities last year. In some parts of the country, meanwhile, facilities emit a range of chemicals, making impacts from individual substances difficult to pinpoint. Residents of the “Cancer Alley” corridor, which is known for its heavy industrial presence,\xa0are at a risk of cancer 51 percent higher than the national average , according to a 2012 study. Read the full report at thehill.com. Welcome to The Hill’s Energy & Environment newsletter, we’re Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Study: Greenhouse gas ‘tipping points’ preceded major earlier warming events Multiple periods of extreme warming in the earth’s past followed “tipping points” involving the release of greenhouse gases, according to research published in the journal Science Advances. Full Story I'm an image More EV sales could come from anticipated Biden rule The Biden administration is expected to soon put forward a proposal to strengthen regulations on vehicular emissions that, if finalized, is likely to move the market toward a greater share of electric vehicle sales. Full Story I'm an image Fewer Americans see US energy situation as ‘very serious’ Americans’ concern about the U.S. energy situation has fallen in the last year, according to a new poll. Full Story I'm an image In Other News Branch out with a different read from The Hill: I'm an image Multiple Norfolk Southern train cars derail near Pittsburgh Multiple Norfolk Southern train cars derailed near Pittsburgh, Pennsylvania on Saturday, amid the recent turmoil surrounding the U.S.-based railway company, which was at the center of a toxic train derailment on the Ohio-Pennsylvania state line in February. Full Story What We’re Reading News we’ve flagged from\xa0other outlets touching on energy issues, the environment and other topics : Virginia plant flagged for repeat chemical releases ( The Richmond Times-Dispatch ) The Real-World Costs of the Digital Race for Bitcoin ( The New York Times ) Environmental groups sue to stop Ohio from leasing state parks for oil and gas drilling ( The Columbus Dispatch ) The company that wants to build a controversial carbon dioxide pipeline in Illinois is seeking fast-tracked approval that would skip public input ( The Chicago Tribune ) What Others are Reading Two key stories on The Hill right now: I'm an image Jim Jordan subpoenas FBI Director Wray House Judiciary Chair Jim Jordan (R-Ohio) has issued a subpoena to FBI Director Christopher Wray in connection with a now-withdrawn memo that explored avenues for gaining information on white supremacists’ interaction with local Catholic churches. Read more I'm an image Don’t use public phone charging stations: FBI The FBI is warning people to not use public phone charging stations, which have become increasingly popular in places like airports and shopping malls. Read more Opinions in The Hill Op-eds related to energy & environment submitted to The Hill: ‘Permitting reform’ can’t mean more fossil fuels Eliminate useless uses of forever chemicals How to avoid apocalypse fatigue You’re all caught up. See you tomorrow! For the latest news, weather, sports, and streaming video, head to The Hill. View comments", '(Bloomberg) -- Metalpha Technology Holding Ltd. is targeting a $100 million fund to invest in Bitcoin and other crypto products from Grayscale Investments LLC, offering Chinese investors with an appetite for crypto a regulated channel to get involved. Most Read from Bloomberg Bud Light Kicked a Hornet’s Nest and Ran Away A $300,000 Salary Feels Like $100,000 in The Priciest US Cities Merck-Moderna Vaccine Helps Keep Patients Free From Skin Cancer Fuel That Powers the Global Economy Is Flashing Recession Signs In Morgan Stanley CEO Race, Wealth Boss Emerges as One to Watch The licensed digital asset wealth manager, formerly known as Dragon Victory International, has secured $20 million for its new fund since March, said Adrian Wang, Metalpha’s president. Based in Hong Kong, the firm had been mulling relocation but decided to stay put after the city laid out plans to become a crypto trading hub. Its new fund was launched with NextGen Digital Venture, headed by Jason Huang, formerly of Alibaba Group Holding Ltd. co-founder Joe Tsai’s family office Blue Pool Capital. The key selling point for the fund is providing a legally compliant way for investors in Asia from traditional finance backgrounds to access the so-called web3 space, or a decentralized version of the internet built around blockchain technology. “A lot of our clients are family offices with traditional backgrounds, rather than pure crypto or pure web3 native investors,” said Wang, who declined to share specific investor names. “It’s overseas Chinese institutions — some of them are family offices, some of them are public companies.” The abrupt collapse of FTX last year reverberated across the crypto industry, shrinking risk appetites among investors from all classes. Metalpha sees that shock dissipating in recent times and believes its regulator-compliant offering will benefit from interest returning. “In the last quarter of 2022, especially after FTX collapsed, we had some difficulties and a lot of clients hesitated to place new orders, but now it’s getting much better,” Wang said. “A lot of new traffic is coming in and people are gaining more confidence.” Story continues Metalpha is backed by Singapore-based financier Antalpha, which has been working with Chinese Bitcoin mining rig firm Bitmain Technologies Ltd. to offer low-interest loans to crypto miners. The company competes with other lenders including Chinese billionaire Jihan Wu’s Matrixport Technologies Pte and the embattled Amber Group. --With assistance from Zheping Huang. Most Read from Bloomberg Businessweek A Smart Gun Is Finally Here, But Does Anyone Want It? Banking Crises Are Preventable, But Human Nature Gets in the Way There Are No Fees at America’s Smallest Bank Death, Taxes and ‘Teflon Don’ Women Tackle Football With a Full-Contact League of Their Own ©2023 Bloomberg L.P.', 'Join the most important conversation in crypto and web3! Secure your seat today Hong Kong’s Metalpha is launching a licensed fund in the territory that will give investors exposure to Grayscale’s digital asset products, including the Grayscale Bitcoin Trust (GBTC), as well as the ability to redeem shares. Metalpha is calling this fund the "Next Generation Fund", and it is targeting a raise of $100 million with $20 million already committed since it began fundraising in March. “We are very excited to partner with NextGen Digital Venture on launching the Fund, as we continue to strive for product innovation for our traditional finance clients. Grayscale is one of the largest digital asset fund managers in the world, and we are optimistic about the future growth of Grayscale powered by crypto adoption, said Adrian Wang, President of Metalpha Technology Holding, in a release. Grayscale is owned by Digital Currency Group, CoinDesk\'s parent company. “The reason why our fund is attractive to investors is that it is very common and straightforward to participate and fully compliant with both Hong Kong and U.S. regulations. In addition, against the current bear market, investing in GBTC, for example, can offer more competitive returns to investors,” Wang said in a note to CoinDesk. Grayscale’s crypto products have traded at a discount since March 2021 because of the widespread availability of bitcoin exchange-traded funds (ETF) and a lack of redemption options for the firm’s crypto trusts. While the GBTC discount hit a record 50% in December, it has currently narrowed to about 36% . The ability to get exposure to Grayscale’s products – at a discount to market prices – and redeem them should catch the eye of bullish investors with a long time horizon and interest in arbitrage plays. Investment documents seen by CoinDesk show shares in the fund have a 1.5-year lockup period, but after that time, can be redeemed on specified redemption days which occur monthly. GBTC is currently trading at a 36% discount over NAV. Bitcoin was recently trading at about $30,290.', 'Join the most important conversation in crypto and web3! Secure your seat today\nDecentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of risks DeFi might pose to both users and the broader financial world, and whether there are ways to mitigate these risks while still allowing their operation.\nYou’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.\nDecentralized finance (DeFi) is suddenly a major topic of concern among financial regulators, with both the U.S. and France publishing reports analyzing the potential risks these projects might pose to their respective governments and providing recommendations for how regulators and developers can mitigate these concerns.\nDeFi has been a growing part of the crypto sector for a while now, but recent exchange collapses, bank failures and lender bankruptcies are shining a wider spotlight on decentralized (or purportedly decentralized) projects. Regulators are now looking at how they may oversee these entities and services.\nTheU.S. Treasury DepartmentandFrench central bankboth published reports assessing how well DeFi entities meet anti-money laundering regulations and how these entities and tools may be used in illicit finance.\nTheU.S. risk assessmentpointed to some of the major hacks and issues in DeFi over the past few months, such as North Korea’s use of DeFi to launder funds and other related concerns about how DeFi projects may not meet know-your-customer/anti-money laundering (KYC/AML) rules or just be really easy to steal from.\nTo be clear, these reports weren’t exactly positive for crypto. The U.S. report, for example, noted that many DeFi projects are open source in the hopes that the broader community may spot vulnerabilities, but this same open sourcing may allow attackers to find an exploit.\n“This vulnerability can be compounded if the smart contracts are not written carefully or if they lack a mechanism for quick deactivation or alterations if a critical exploit is identified,” the U.S. report said. “As such, it is critical that the DeFi service identify and address vulnerabilities and potential exploits in open-source code.”\nBut the report seems fairly neutral toward DeFi itself – the recommendations ranged from “strengthening existing supervisory and enforcement actions” to meet legal requirements to better engaging with private-sector projects.\nTheFrench reportsimilarly suggested that the government could create a set of “minimum standards” that would define how it assessed risks and decentralization, or otherwise try and move financial transactions to specifically private blockchains. The report even suggested going so far as to create a certification for developers to meet.\nThe U.S. Treasury Department also posed a number of questions for public feedback, including how it should determine if any given DeFi project is actually a financial institution subject to Bank Secrecy Act regulations.\nThe U.S. report even hinted at the suggestion of providing further guidance for projects which could provide clarity.\n“The assessment finds that non-compliance by covered DeFi services with AML/CFT obligations may be partially attributable to a lack of understanding of how AML/CFT regulations apply to DeFi services,” the report said, referring to combating the financing of terrorism (CFT). “Are there additional recommendations for ways to clarify and remind DeFi services that fall under the BSA definition of a financial institution of their existing AML/CFT regulatory obligations?”\nThe reports, while often quite critical of DeFi, both seem to operate from the base understanding that these projects will continue operating, and aren’t calling for banning this segment of the crypto sector.\n• Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling:It’s hard to do justice to this in-depth report from CoinDesk’s Frederick Munawa and Helene Braun on the collapse of Paxful. Just read it.\n• Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried:FTX’s new management published its first in-depth report detailing some of the issues with the old management. Founder Sam Bankman-Fried reportedly called Alameda Research “unauditable.”\n• Wyoming Defends ‘Legitimacy’ of Its Crypto Charter Framework in Custodia Lawsuit:The state of Wyoming has filed to intervene in Custodia Bank’s ongoing lawsuit against the Federal Reserve Board, specifically to assert that its special purpose depository institution legislation isn’t inadequate.\nIt’s that time of year again folks. CoinDesk’s Consensus 2023 will be held April 26-28 in Austin, Texas. I’ll be moderating four sessions: one-on-one discussions with Coinbase’s Paul Grewal, NYDFS’ Adrienne Harris and the CFTC’s Christy Goldsmith Romero, and a panel with House Financial Services Committee Chair Rep. Patrick McHenry and Senator Cynthia Lummis. As always, I’m interested in what you are interested in: If you have any questions for one of these speakers, shoot me an email, subject line “Consensus 2023 question,” and I may ask the best ones on stage.\nWednesday\n• 15:30 UTC (11:30 a.m. ET) The International Monetary Fund and World Bank are holding their annual spring meeting this week. There will be two panels on crypto issues starting at 11:30.\n• 17:30 UTC (1:30 p.m. ET) FTX will hold another bankruptcy hearing where, among other issues, the question of whether or not founder Sam Bankman-Fried can access funds for his own legal fees.\nThursday\n• 17:00 UTC (1:00 p.m. ET) Genesis creditors will meet. (Genesis is a CoinDesk sister company.)\n• (Gizmodo)This is pretty cool – Google is looking to get rid of third-party cookies. This piece goes through what that may mean.\n• (The New York Times)The Times published a long-anticipated article on the impact crypto mining is having around the country, alleging the industry led to higher energy costs for local residents and other concerns. One mining firm, Riot, publisheda brief responselater on Monday.\n• (U.S. District Court for the Eastern District of New York)It was only a matter of time before Signature Bank was sued. Here’s what I imagine may be the first of several putative class actions alleging Signature and its management misled stockholders.\n• (Iowa Law Review, forthcoming)University of Alabama School of Law Professor Julie Hill, an expert and researcher on banking issues, is publishing a paper which says “the Fed has overstepped” in denying payment services applications from companies like Custodia.\n• (Foreign Affairs)American University College of Law Professor Hilary Allen, who is also a member of the CFTC’s Technology Advisory Committee, called for U.S. regulators to ban – or at the least, try and curtail – crypto activities.\nIf you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me [email protected] find me on Twitter@nikhileshde.\nYou can also join the group conversation onTelegram.\nSee ya’ll next week!', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin has a sense of stability at $30,000, but how long will that last? Insights: Crypto exchange Bitget is targeting Web3 startups with its $100 million fund. The initiatives comes as Asian countries create a framework for Web3. Prices CoinDesk Market Index (CMI) 1,278 +7.0 ▲ 0.6% Bitcoin (BTC) $30,264 +439.1 ▲ 1.5% Ethereum (ETH) $1,892 −22.7 ▼ 1.2% S&P 500 4,108.94 −0.2 ▼ 0.0% Gold $2,021 +31.7 ▲ 1.6% Nikkei 225 27,923.37 +289.7 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,278 +7.0 ▲ 0.6% Bitcoin (BTC) $30,264 +439.1 ▲ 1.5% Ethereum (ETH) $1,892 −22.7 ▼ 1.2% S&P 500 4,108.94 −0.2 ▼ 0.0% Gold $2,021 +31.7 ▲ 1.6% Nikkei 225 27,923.37 +289.7 ▲ 1.0% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning, Asia. As Asia starts its business day, the crypto markets are stable. Bitcoin (BTC) is at $30,324, up 1.5% in the last 24 hours, while ether (ETH), on the eve of Ethereum’s Shapella upgrade , is fairly flat, down 1.2% to $1,892. In an interview on CoinDesk TV, Bruno Ramos de Sousa, head of U.S. markets at Hashdex, said $30,000 isn’t that much of an important milestone for bitcoin. "We\'re finally in the stage in which people are back to discussing the importance of bitcoin and crypto more generally in finance and technology," Ramos de Sousa said on CoinDesk TV’s "All About Bitcoin." Bruno emphasized that investors are becoming more informed in their approach to bitcoin as they acknowledge its potential for long-term growth, and are less obsessed with the price going up or down. "Most of the investors are very pragmatic in looking at the asset and understanding the possibility that bitcoin becomes something a lot larger than it is today," he said, emphasizing that the U.S. needs to treat crypto as a legitimate asset class. Story continues "It\'s a wasted opportunity that the U.S. has been taking the approach it has in the past few years. It\'s lost dominance and relevance in many interesting crypto sectors, from tokenization to security tokens, to ETFs and ETPs," he continued, referring to exchange-traded funds and products. Meanwhile, CoinDesk crypto market analyst Glenn Williams points out in a recent report that there are both bullish and bearish narratives at play within bitcoin. It might sustain $30K for some time, then go down again before its next pricing surge. All eyes will be on the next interest rate announcement from the Federal Open Market Committee (FOMC). Biggest Gainers Asset Ticker Returns DACS Sector Solana SOL +11.5% Smart Contract Platform Terra LUNA +1.9% Smart Contract Platform Polkadot DOT +1.8% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Stellar XLM −1.3% Smart Contract Platform Loopring LRC −1.2% Smart Contract Platform Ethereum ETH −1.2% Smart Contract Platform Insights A Bitget Fund for Nurturing Web3 as Asia Embraces Crypto Crypto exchange Bitget has started a $100 million fund targeting Web3 startups as Asian countries build a framework for developing Web3. East Asian countries have been making strides to promote crypto in the last few months, with Hong Kong seemingly easing its crypto regulations and Japan approving a white paper for Web3 development last week. "Despite the bear run, Bitget has always been supporting promising and innovative projects and the development of the Web3 environment with a focus on BUIDL. The launch of the Bitget Web3 Fund is a continuation of our ongoing efforts to drive the adoption of crypto and Web3, reflecting our ‘Go beyond derivative’ strategy in 2023,” Gracy Chen, managing director of Bitget, told CoinDesk in a statement. A spokeswoman for Seychelles-based Bitget said the fund is self-funded. “Bitget is debt-free with adequate cash flow, thanks to its steady development and fast-growing business,” she said. The launch of this fund comes after Bitget invested $30 million into decentralized multichain wallet BitKeep. Bitget will use the BitKeep wallet within its exchange to improve stability and security of handling multiple assets across various blockchains. Important events NFT NYC 2023 Web3 Festival 2023 (Hong Kong) 8:30 p.m. HKT/SGT(12:30 UTC) United States Consumer Price Index ex Food & Energy (MoM/March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Tops $30K for First Time Since June 2022; Crypto Adoption in Middle East and North Africa Bitcoin (BTC) moved past the $30,000 level for the first time since June 2022, as March\'s banking turbulence faded further into the distance and investors grew more optimistic about U.S. central bank monetary policy. eToro market analyst Josh Gilbert shared his reaction. Plus, Binance MENA general manager Alex Chehade discussed the state of crypto adoption in the Middle East and North Africa. And NextCypher Productions founder and Bloq co-founder Jeff Garzik weighed in on the future of Web3 in the entertainment industry. Headlines Former Bitcoin Core Developer Says NFT Market Is ‘Pleasantly Down to Earth’ Again : Now that the crypto asset sector has weathered the hype, higher-quality projects are likely to continue developing, Jeff Garzik says. What’s Next After Ethereum’s Shanghai Upgrade? : Last year saw the Merge. Now comes the Verge, Purge and Scourge. First-Quarter Performance Recap: CoinDesk Market Index Up 58%, BTC Gains Amid Banking Crisis : Bitcoin posts its best quarterly performance in two years, and the CMI\'s Computing and Currency sectors see the most growth. CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double Its Hashrate : The brand new Bitmain Antminer S19 XPs miners will be delivered by September. XRP\'s 4-Week Rally Was Led by Retail Investors, Kaiko : A closer look at the market orders for XRP suggests large investors, or whales, sold into the rally.', 'By Herbert Lash NEW YORK (Reuters) - Treasury yields fell and a gauge of global stocks eased on Wednesday after the market was rattled by minutes from the Federal Reserve\'s last policy meeting that indicated banking sector stress could tip the economy into a recession. Fed staff assessing the potential fallout of banking stress projected a "mild recession" later this year. But the minutes showed policymakers ultimately agreed to higher interest rates as data at the time showed few signs of inflation pressures abating. "We\'ve had some calm with banking turmoil, and there\'s just this feeling that it could pick up again over these next couple of weeks," said Edward Moya, senior market analyst at OANDA in New York. "I would not be surprised if we saw more banks under pressure here." Earnings season begins in earnest on Friday, with major U.S. banks set to report their results. Stocks on Wall Street and in Europe earlier rallied after data showed cooler-than-expected U.S. headline inflation in March, raising hopes the Fed could pause monetary tightening following a 25-basis-point rate hike next month. U.S. consumer prices barely rose as the cost of gasoline declined 4.6%, but stubbornly high rents kept underlying inflation simmering, likely ensuring that the Fed will raise interest rates after policymakers meet on May 2-3. Gold prices rose and the dollar fell after data showed the Consumer Price Index (CPI) climbed 0.1% last month, or half the rate of market expectations, after advancing 0.4% in February. But inflation is still running well above the Fed\'s 2% target, causing market angst as investors try to assess when the U.S. central bank might pause its hiking campaign to slow inflation. "Right now the conversation is all about when the Fed starts to move in a different direction," said Johan Grahn, head ETF market strategist at Allianz Investment Management in Minneapolis. Story continues "I don\'t think the Fed will move until it\'s painful enough that people are going to shy away from placing their chips on the equity market," he said. Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, said the CPI data confirms that inflation trends are moving in the right direction. "But from the market\'s perspective, it might be getting ahead of itself because I don\'t think the Fed will be cutting rates this year," Saglimbene said of investor sentiment. Money markets initially trimmed expectations for a Fed rate hike in May, pricing in a 65.2% chance of a 25-basis-point move, CME Group\'s FedWatch Tool showed. But the probability of a hike in May later rose to above 70% before paring some gains. Markets still are pricing the Fed to cut its target rate to 4.336% by December, slightly less than the day before, as the economy slows and potentially enters a recession. With core CPI, which excludes volatile food and energy components, rising 5.6% after a 5.5% rise in February, markets had been leaning toward further tightening. Odds point to Fed rate hike in May https://www.reuters.com/graphics/USA-RATES/FEDWATCH/zdpxdayyrpx/chart.png Inflation may be falling, but it has yet to do so at a rate commensurate with the Fed\'s 2% goal, Richmond Fed President Thomas Barkin said in remarks on Wednesday that threw cold water on the market\'s initial exuberance over the CPI data. "I\'m waiting for inflation to crack," Barkin told broadcaster CNBC. "It\'s moving in the right direction ... but in the absence of a month or two months or three months with inflation at our target, it\'s hard to make the case that we\'re compellingly headed there." The Canadian dollar strengthened against the greenback after the Bank of Canada left its key overnight interest rate on hold at 4.50% as expected and raised its growth forecast for 2023, while dropping language warning of a potential recession. European Central Bank policymakers also made the case for more rate hikes on Wednesday but offered contrasting views on just how much more tightening is needed, suggesting the debate over the bank\'s next move is not yet settled. MSCI\'s gauge of stocks across the globe closed down 0.08%, while the pan-European STOXX 600 index rose 0.13%. On Wall Street, the Dow Jones Industrial Average closed down 0.11%, the S&P 500 lost 0.41% and the Nasdaq Composite dropped 0.85%. In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan was 0.16% lower in choppy trading, snapping a three-day winning streak. BONDS UP, DOLLAR DOWN U.S. bond yields fell. Rate-sensitive two-year Treasury yields declined 8.8 basis points to 3.970% and the 10-year slid 3 basis points to 3.404%. The dollar fell with an index measuring the U.S. currency against six peers down 0.558%. The euro rose 0.71% to $1.0987 and the yen strengthened 0.36% versus the greenback at 133.20 per dollar. Elsewhere, U.S. crude rose $1.73 to settle at $83.26 a barrel, while Brent settled up $1.72 at $87.33. U.S. gold futures settled 0.3% higher at $2,024.90 an ounce. Bitcoin fell 1.21% to $29,881.00. (Reporting by Herbert Lash, additional reporting by Ankur Banerjee, Yoruk Bahceli, Dhara Ranasinghe; Editing by Raissa Kasolowsky, Angus MacSwan, Nick Zieminski and Jonathan Oatis)', 'By Herbert Lash NEW YORK (Reuters) - Treasury yields fell and a gauge of global stocks eased on Wednesday after the market was rattled by minutes from the Federal Reserve\'s last policy meeting that indicated banking sector stress could tip the economy into a recession. Fed staff assessing the potential fallout of banking stress projected a "mild recession" later this year. But the minutes showed policymakers ultimately agreed to higher interest rates as data at the time showed few signs of inflation pressures abating. "We\'ve had some calm with banking turmoil, and there\'s just this feeling that it could pick up again over these next couple of weeks," said Edward Moya, senior market analyst at OANDA in New York. "I would not be surprised if we saw more banks under pressure here." Earnings season begins in earnest on Friday, with major U.S. banks set to report their results. Stocks on Wall Street and in Europe earlier rallied after data showed cooler-than-expected U.S. headline inflation in March, raising hopes the Fed could pause monetary tightening following a 25-basis-point rate hike next month. U.S. consumer prices barely rose as the cost of gasoline declined 4.6%, but stubbornly high rents kept underlying inflation simmering, likely ensuring that the Fed will raise interest rates after policymakers meet on May 2-3. Gold prices rose and the dollar fell after data showed the Consumer Price Index (CPI) climbed 0.1% last month, or half the rate of market expectations, after advancing 0.4% in February. But inflation is still running well above the Fed\'s 2% target, causing market angst as investors try to assess when the U.S. central bank might pause its hiking campaign to slow inflation. "Right now the conversation is all about when the Fed starts to move in a different direction," said Johan Grahn, head ETF market strategist at Allianz Investment Management in Minneapolis. Story continues "I don\'t think the Fed will move until it\'s painful enough that people are going to shy away from placing their chips on the equity market," he said. Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, said the CPI data confirms that inflation trends are moving in the right direction. "But from the market\'s perspective, it might be getting ahead of itself because I don\'t think the Fed will be cutting rates this year," Saglimbene said of investor sentiment. Money markets initially trimmed expectations for a Fed rate hike in May, pricing in a 65.2% chance of a 25-basis-point move, CME Group\'s FedWatch Tool showed. But the probability of a hike in May later rose to above 70% before paring some gains. Markets still are pricing the Fed to cut its target rate to 4.336% by December, slightly less than the day before, as the economy slows and potentially enters a recession. With core CPI, which excludes volatile food and energy components, rising 5.6% after a 5.5% rise in February, markets had been leaning toward further tightening. Odds point to Fed rate hike in May https://www.reuters.com/graphics/USA-RATES/FEDWATCH/zdpxdayyrpx/chart.png Inflation may be falling, but it has yet to do so at a rate commensurate with the Fed\'s 2% goal, Richmond Fed President Thomas Barkin said in remarks on Wednesday that threw cold water on the market\'s initial exuberance over the CPI data. "I\'m waiting for inflation to crack," Barkin told broadcaster CNBC. "It\'s moving in the right direction ... but in the absence of a month or two months or three months with inflation at our target, it\'s hard to make the case that we\'re compellingly headed there." The Canadian dollar strengthened against the greenback after the Bank of Canada left its key overnight interest rate on hold at 4.50% as expected and raised its growth forecast for 2023, while dropping language warning of a potential recession. European Central Bank policymakers also made the case for more rate hikes on Wednesday but offered contrasting views on just how much more tightening is needed, suggesting the debate over the bank\'s next move is not yet settled. MSCI\'s gauge of stocks across the globe closed down 0.08%, while the pan-European STOXX 600 index rose 0.13%. On Wall Street, the Dow Jones Industrial Average closed down 0.11%, the S&P 500 lost 0.41% and the Nasdaq Composite dropped 0.85%. In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan was 0.16% lower in choppy trading, snapping a three-day winning streak. BONDS UP, DOLLAR DOWN U.S. bond yields fell. Rate-sensitive two-year Treasury yields declined 8.8 basis points to 3.970% and the 10-year slid 3 basis points to 3.404%. The dollar fell with an index measuring the U.S. currency against six peers down 0.558%. The euro rose 0.71% to $1.0987 and the yen strengthened 0.36% versus the greenback at 133.20 per dollar. Elsewhere, U.S. crude rose $1.73 to settle at $83.26 a barrel, while Brent settled up $1.72 at $87.33. U.S. gold futures settled 0.3% higher at $2,024.90 an ounce. Bitcoin fell 1.21% to $29,881.00. (Reporting by Herbert Lash, additional reporting by Ankur Banerjee, Yoruk Bahceli, Dhara Ranasinghe; Editing by Raissa Kasolowsky, Angus MacSwan, Nick Zieminski and Jonathan Oatis)', 'By Herbert Lash NEW YORK (Reuters) - Treasury yields fell and a gauge of global stocks eased on Wednesday after the market was rattled by minutes from the Federal Reserve\'s last policy meeting that indicated banking sector stress could tip the economy into a recession. Fed staff assessing the potential fallout of banking stress projected a "mild recession" later this year. But the minutes showed policymakers ultimately agreed to higher interest rates as data at the time showed few signs of inflation pressures abating. "We\'ve had some calm with banking turmoil, and there\'s just this feeling that it could pick up again over these next couple of weeks," said Edward Moya, senior market analyst at OANDA in New York. "I would not be surprised if we saw more banks under pressure here." Earnings season begins in earnest on Friday, with major U.S. banks set to report their results. Stocks on Wall Street and in Europe earlier rallied after data showed cooler-than-expected U.S. headline inflation in March, raising hopes the Fed could pause monetary tightening following a 25-basis-point rate hike next month. U.S. consumer prices barely rose as the cost of gasoline declined 4.6%, but stubbornly high rents kept underlying inflation simmering, likely ensuring that the Fed will raise interest rates after policymakers meet on May 2-3. Gold prices rose and the dollar fell after data showed the Consumer Price Index (CPI) climbed 0.1% last month, or half the rate of market expectations, after advancing 0.4% in February. But inflation is still running well above the Fed\'s 2% target, causing market angst as investors try to assess when the U.S. central bank might pause its hiking campaign to slow inflation. "Right now the conversation is all about when the Fed starts to move in a different direction," said Johan Grahn, head ETF market strategist at Allianz Investment Management in Minneapolis. Story continues "I don\'t think the Fed will move until it\'s painful enough that people are going to shy away from placing their chips on the equity market," he said. Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan, said the CPI data confirms that inflation trends are moving in the right direction. "But from the market\'s perspective, it might be getting ahead of itself because I don\'t think the Fed will be cutting rates this year," Saglimbene said of investor sentiment. Money markets initially trimmed expectations for a Fed rate hike in May, pricing in a 65.2% chance of a 25-basis-point move, CME Group\'s FedWatch Tool showed. But the probability of a hike in May later rose to above 70% before paring some gains. Markets still are pricing the Fed to cut its target rate to 4.336% by December, slightly less than the day before, as the economy slows and potentially enters a recession. With core CPI, which excludes volatile food and energy components, rising 5.6% after a 5.5% rise in February, markets had been leaning toward further tightening. Odds point to Fed rate hike in May https://www.reuters.com/graphics/USA-RATES/FEDWATCH/zdpxdayyrpx/chart.png Inflation may be falling, but it has yet to do so at a rate commensurate with the Fed\'s 2% goal, Richmond Fed President Thomas Barkin said in remarks on Wednesday that threw cold water on the market\'s initial exuberance over the CPI data. "I\'m waiting for inflation to crack," Barkin told broadcaster CNBC. "It\'s moving in the right direction ... but in the absence of a month or two months or three months with inflation at our target, it\'s hard to make the case that we\'re compellingly headed there." The Canadian dollar strengthened against the greenback after the Bank of Canada left its key overnight interest rate on hold at 4.50% as expected and raised its growth forecast for 2023, while dropping language warning of a potential recession. European Central Bank policymakers also made the case for more rate hikes on Wednesday but offered contrasting views on just how much more tightening is needed, suggesting the debate over the bank\'s next move is not yet settled. MSCI\'s gauge of stocks across the globe closed down 0.08%, while the pan-European STOXX 600 index rose 0.13%. On Wall Street, the Dow Jones Industrial Average closed down 0.11%, the S&P 500 lost 0.41% and the Nasdaq Composite dropped 0.85%. In Asia, MSCI\'s broadest index of Asia-Pacific shares outside Japan was 0.16% lower in choppy trading, snapping a three-day winning streak. BONDS UP, DOLLAR DOWN U.S. bond yields fell. Rate-sensitive two-year Treasury yields declined 8.8 basis points to 3.970% and the 10-year slid 3 basis points to 3.404%. The dollar fell with an index measuring the U.S. currency against six peers down 0.558%. The euro rose 0.71% to $1.0987 and the yen strengthened 0.36% versus the greenback at 133.20 per dollar. Elsewhere, U.S. crude rose $1.73 to settle at $83.26 a barrel, while Brent settled up $1.72 at $87.33. U.S. gold futures settled 0.3% higher at $2,024.90 an ounce. Bitcoin fell 1.21% to $29,881.00. (Reporting by Herbert Lash, additional reporting by Ankur Banerjee, Yoruk Bahceli, Dhara Ranasinghe; Editing by Raissa Kasolowsky, Angus MacSwan, Nick Zieminski and Jonathan Oatis)', 'Bitcoin continued trading above US$30,000 in Wednesday morning trading in Asia, while most other top 10 non-stablecoin cryptocurrencies moved higher. Ethereum dipped ahead of theShanghai hard forkas some investors expect massive withdrawals of staked Ether as Solana led the winners ahead of its first smartphone launch on Thursday. U.S. equities closed mixed on Tuesday as investors wait for the U.S. consumer price index (CPI) in March, which will provide insight into inflation and the Federal Reserve’s next move on interest rates.\nSee related article:Common regulatory framework for crypto to come during India’s G20 presi
**Last 60 Days of Bitcoin's Closing Prices:**
[21870.88, 21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-12
**Financial & Commodity Data:**
- Gold Closing Price: $2010.90
- Crude Oil Closing Price: $83.26
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $583,156,408,088
- Hash Rate: 380882188.3566059
- Transaction Count: 338102.0
- Unique Addresses: 714277.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SINGAPORE , Feb. 23, 2023 /PRNewswire/ -- MEXC , the leading cryptocurrency exchange that performed exceptionally well throughout the recent market downturn, has announced a major reduction in trading fees. Spot trading costs on the platform have dropped to zero for maker fees and 0.1% for taker fees, while futures trading costs have reduced to zero for maker fees and 0.03% for taker fees - making MEXC the cheapest place to trade cryptocurrency globally. This move is aimed at encouraging newcomers to join its growing trading community as it works to drive wider adoption of cryptocurrencies globally. The announcement comes as the market is bouncing back, and MEXC's business growth and increased trading volume are testaments to its reliability and efficiency. MEXC is committed to giving back to its community and takes its social responsibility commitments seriously. With the new fee structure in place, MEXC is confident it can attract even more traders and drive further growth in the cryptocurrency industry. Bitcoin News reported that Futures trading volume on MEXC has increased by an impressive 1200%, a testament to the exchange's commitment to providing the best trading experience for its users. "We are proud to announce that MEXC now has the lowest fee overall in the cryptocurrency industry. Through our philosophy of users first, MEXC's changing for you, we strive to do business in a way that makes users trade better with ease and confidence," said Andrew Weiner , VP of MEXC Global. "We have seen substantial growth in the crypto industry. In 2022, the trading volume on MEXC alone increased exponentially versus the previous year. With the return of users' confidence in trading, we believe that this fee reduction will be rewarding them with a much-needed boost to help the whole industry grow. " MEXC's commitment to the cryptocurrency industry and its users is unwavering, and the exchange will continue to look for ways to give back to the community and promote industry growth. With the new fee structure in place, MEXC is poised to become the leading cryptocurrency exchange, and traders can be assured of the best trading experience on the platform. MEXC 's announcement is a clear indication of the exchange's commitment to its users and the industry as a whole. Traders looking for a reliable and efficient platform with low fees should look no further than MEXC . For more information, visit: www.mexc.com About MEXC MEXC is the world's leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of "Users first, MEXC's Changing for you". Visit the website and blog for more information, and follow MEXC Global and M-Ventures . Story continues Cision View original content: https://www.prnewswire.com/news-releases/mexc-lowers-trading-fees-as-it-works-to-strengthen-and-build-crypto-community-worldwide-301754387.html SOURCE MEXC Global View comments...
- Reddit Posts (Sample): [['u/kevinyyh2020', 'I tried to swap my eth to btc in trust wallet but now eth is gone but I did not see it in my bitcoin', 11, '2023-04-12 01:36', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/', 'How long does it take for bitcoin to show up in my wallet? It is shown that the swap has been completed in the trust wallet but it did not show up in my bitcoin balance. Where is it?', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/', '12j241i', [['u/Rtbrosk', 17, '2023-04-12 02:24', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfwflxx/', "sounds like you shouldn't Trust wallet", '12j241i'], ['u/Summum', 19, '2023-04-12 04:14', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfwutjn/', 'Trust Wallet uses Thorchain in the backend. It’s real L1 to L1 swaps, not i owe yous in a database.\n\nEach chain needs multiple block to finality, can take an hour+ to settle.\n\nYou must have gotten it by now', '12j241i'], ['u/Deathdar1577', 10, '2023-04-12 07:58', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfxjou6/', 'OP leaving us all hangin.', '12j241i']]], ['u/Happy_Ad9924', 'Can a call fail to exercise if lack of volume in fund', 19, '2023-04-12 01:52', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/', 'I bought a call on this etf called BTCC-B.TO to kinda mess around but realized how little volume it has on Questrade, I plan to honestly just hold to expectation as it’s not much money but just want to know if a call option can go worthless or fail if there is no liquidity or volume', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/', '12j2kr8', [['u/DorianCHoldingsworth', 15, '2023-04-12 02:16', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwehki/', 'No. Whoever is short the call is obligated to deliver 100 shares per call regardless of underlying liquidity. Also, you shouldn’t exercise your call anyway.', '12j2kr8'], ['u/dougieg987', 52, '2023-04-12 02:17', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwepsg/', 'I mean if you bought a call, you entered into a contract with the right to buy at your strike. The other side of the contact is contractually OBLIGATED to deliver the shares if called', '12j2kr8'], ['u/Ok_Paramedic5096', 16, '2023-04-12 03:47', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwr4uf/', 'Technically they can fail to deliver, this has happened before in 2008, though it’s HIGHLY unlikely.', '12j2kr8']]], ['u/RockHardTen11', 'Should USA back the dollar with Bitcoin?', 10, '2023-04-12 02:10', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/', 'If BRICS creates a new currency backed by Gold, should the USA counter with the dollar backed by bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/', '12j32j9', [['u/Plane_Baby', 12, '2023-04-12 02:17', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/jfweph0/', "Asking this question on a Bitcoin subreddit is like asking if everyone should get free crack on the crackheads subreddit. 😮\u200d💨🙄\n\nTrick question: With that said, with bitcoin, you don't need the dollar. We should build our reserves and our infrastructure.", '12j32j9']]], ['u/Radiant_Gap_2868', 'DAE stop going to a certain place because theres an employee who’s always there and always talks to you?', 637, '2023-04-12 03:40', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/', 'I’m not an asshole, but I hate making small talk, some people fucking love it. At Jersey Mikes lately theres been this one guy who talks to me throughout the entire sandwich process and I have to like step out of the door during a lull or else he will just keep on talking to me even after the transaction is finished. I saw him like 3 times now and I guess we’re friends now. I just want to get off work and daydream about not hating my life while waiting for my sandwich. I want to go there right now but I don’t want to talk to him. Not unique to this though, I had to stop going to the same gas station before work because the guy gives me his opinions on bitcoin and whatever else the fuck for like an hour.', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/', '12j5k16', [['u/pepper_plant', 37, '2023-04-12 05:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx2ha9/', 'SAME dude. I will avoid establishments where the workers are too friendly. I hate talking to strangers/casual acquaintances', '12j5k16'], ['u/african_or_european', 326, '2023-04-12 05:20', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx3ck7/', "Not quite the same, but if someone comments on how frequently I come in or that I'm becoming a regular, I immediately have to find another place to go.", '12j5k16'], ['u/existingturtle', 91, '2023-04-12 05:31', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx4mcf/', 'I had this happen in the opposite way when I was 18. I worked at a frozen yogurt place and this guy in his 30\'s would come in with his mom, 3 or 4 times a week, and he\'d find every opportunity to talk to me to the point where I hid everytime he came in and he\'d ask other employees about me. I eventually had my husband send him a "fuck off" message after he tried to follow me on instagram 🙄', '12j5k16'], ['u/Radiant_Gap_2868', 185, '2023-04-12 05:48', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx6ktx/', 'Yup same. A girl asked my name at chipotle and said I come in often and for some reason it made me immediately stop going there for like 6 months. I don’t want to be a ‘regular’ at a fast food chain', '12j5k16'], ['u/szatanna', 11, '2023-04-12 06:45', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxcz7n/', 'This is the reason why I prefer to go to the grocery store that is 20 minutes away from my house than the store that is literally in front of where I live.', '12j5k16'], ['u/ThatGayGomez', 35, '2023-04-12 07:12', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxfq48/', 'Not exactly the same but I haaaaaate small talk.\n\nEspecially when I want to leave a place and get caught and then get stuck with them going on and on even though they can see you are leaving and even if you say I need to go', '12j5k16'], ['u/Money-Plenty-4871', 49, '2023-04-12 07:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxft9s/', 'Married at 18 damn', '12j5k16'], ['u/thedogz11', 18, '2023-04-12 07:21', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgi3r/', 'Then have some fuckin real talk and ask them whether God is dead or not.', '12j5k16'], ['u/darsvedder', 26, '2023-04-12 07:25', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgv18/', 'Eh. There’s a checkout lady at my market who is very sweet and kind, but too much for me. A “May god bless you and your day” kinda person. I will stand behind 5 people to not be in her open lane', '12j5k16'], ['u/existingturtle', 40, '2023-04-12 07:26', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgz8h/', "We didn't actually get married until I was 21 lol I just didn't wanna make it more confusing to read. He was my boyfriend at the time.", '12j5k16'], ['u/Maple_QBG', 20, '2023-04-12 08:23', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxlnxb/', "Yep. I had a taco bell that i used to go to basically nightly when i finished up with work. I used to get the $2 Beefy 5-Layer Meal Deal (which came with doritos and a drink) and two Spicy Potato Soft Tacos. I did this 5 nights a week. It was just over $4 after tax and it was the most food I could get at that price point, health be damned.\n\nThey started *recognizing the sound of my car* and by the time i was at the speaker they already had my order pulled up and totaled. They seemed excited to see me and routinely gave me free tacos and desserts etc\n\nand while this sounds like a really sweet deal, I deal with customers all day long, i put on my best customer service face for 9-10 hours a day, when i get off work the last thing i wanted to do was talk to people and socialize and burn through even more spoons. I just wanted to eat my unhealthy fast food and drive my hour-long commute, decompress, and listen to loud music. That was my vice. I didn't smoke, I didn't drink, I didn't vape. I relaxed by eating the same meal i eat every single night and listened to the same playlist I listened to every night. It helped center me. \n\nI eventually swapped to a different taco bell but it was near the end of my commute rather than the start, it threw me off so badly. After that, i decided to just go to Wendy's and get a small combo meal instead but it just wasn't the same.", '12j5k16'], ['u/Mother_Ducker12', 80, '2023-04-12 08:32', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxmcc1/', 'Back in college, there was this one employee at the dining hall who would always try and talk to me. One night, I had a late class and just wanted to eat but he was there and he wouldn’t stop going on about conspiracy theories or something. I was so over it that I said to hell with it and went all in: “the moon landing was faked, lizard people run the government, Avril Lavigne was killed and replaced by a lookalike.” I just ranted at him nonstop about whatever I could think of until HE was the one to walk away. After that, he never talked to me again.', '12j5k16'], ['u/Only_Standard_9159', 13, '2023-04-12 08:35', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxmld6/', 'Just leaving this here, no judgment, I suspect reddit has a larger, self selected sample of us\n\nhttps://en.m.wikipedia.org/wiki/Avoidant_personality_disorder', '12j5k16'], ['u/Left_Strike_2575', 40, '2023-04-12 09:12', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxp9uo/', 'I had a hairstylist who would yammer on and on throughout the haircut. He’d get caught up in his stories and was barely paying attention to what he was doing to my hair.\n\nThe last time I went to him, he was telling me about his father living with him because he (the father) keep threatening to kill himself. The stylist said he calls his father every hour to make sure he’s still alive. I felt bad for him, but I really just wanted a decent haircut.\n\nI like being “a regular” at places, though. I just don’t want dark conversations with a stranger giving me all the details of a suicide watch.', '12j5k16'], ['u/FartyMarty69', 66, '2023-04-12 10:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxtgxo/', 'lmaoooo dude this entire thread has me cry laughing. I feel this in my soul, I am so much the same way. lmao', '12j5k16'], ['u/[deleted]', 26, '2023-04-12 10:16', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxtq2r/', 'Getting a haircut is the worst! \nIf it hadn’t happened to me, I would think you exaggerate.\nOnce got a haircut and the lady told me about her past as a drug addict and her self harm and abusive relationships, as if she had only 20 minutes to live and needed to get as much off her chest as possible. \nI already hated small talk at the hair salon before. After that, I jus buzz cut myself for\na long time.', '12j5k16'], ['u/AgentAlexMahone', 35, '2023-04-12 10:21', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxu19o/', 'Last time I ordered a pizza from my favorite shop, the delivery driver said something like "good to see you again" and I haven\'t ordered from that shop since. He was just being polite, but I just wanna eat my pizza without feeling ashamed of how often I eat it lol', '12j5k16'], ['u/Penguinator53', 33, '2023-04-12 11:31', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxyqlp/', "I'm the same, I just like to stay anonymous, my mother is the opposite though and befriends people at all the shops and cafes she goes too. I hate going with her because then she draws me into the conversation too, this makes me sound like a kid but I'm 53 lol.", '12j5k16'], ['u/harpermiss', 15, '2023-04-12 11:49', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfy003w/', 'Weird cashier at the local supermarket that comments on your groceries and says things like "this must be new, I\'ve never seen this before, is it good?" \nI know she\'s probably just overly friendly but it makes me so uncomfortable.\nI avoid her queue everytime.', '12j5k16'], ['u/mrsdoubleu', 28, '2023-04-12 12:44', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfy44ob/', "When I was in active addiction to alcohol I rotated which stores I bought booze from. And never liquor stores. In my head I didn't have a big problem because I wasn't one of *those* alcoholics who bought from liquor stores. Lol. I told myself a lot of bullshit to justify my drinking.", '12j5k16'], ['u/Maple_QBG', 15, '2023-04-12 13:04', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfy5vm2/', "Not because they recognized me, because they engaged with me and wanted to socialize with me when I didn't want that. \n\nI freely admitted that it was a sweet deal and if it hadn't been for me not having the social battery left to deal with that, I would've kept going.", '12j5k16'], ['u/Minotaur1501', 81, '2023-04-12 13:16', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfy6ygx/', 'Married at 21 damn...', '12j5k16'], ['u/owleaf', 28, '2023-04-12 13:18', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfy75ur/', 'I was always mindful of this when I worked in customer facing roles. Simply changing how you greet someone to be a bit more familiar or relaxed is often enough rather than saying “HI AGAIN BACK SO SOON? JUST THE USUAL?” because you’re maintaining that veil of anonymity that’s comfortable when in public, whilst fulfilling a bit of friendly human connection.', '12j5k16'], ['u/N1M1C31', 28, '2023-04-12 14:10', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyceiz/', 'I’m a good listener. In my younger years people took advantage of that. I started using this tactic after I became fed up with listening and then being talked over. It almost always works. I’ve learned to get louder when being talked over. I’ve learned to live with making people uncomfortable. It’s not my favorite thing to do, but it’s a useful tool to have in the arsenal.', '12j5k16'], ['u/TheDraikenWeAre', 41, '2023-04-12 14:28', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyedzv/', 'Yeah 21 is still damn.', '12j5k16'], ['u/lonelygalexy', 20, '2023-04-12 14:40', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyfr4k/', 'Same. Sometimes when i watch shows where a character goes to the same restaurant and a wait person recognizes them and asks if they wanna order the usual, i’m always like, ‘no, i don’t want that.’', '12j5k16'], ['u/Mary_Pick_A_Ford', 11, '2023-04-12 14:55', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyhokz/', 'I used to buy alcohol regularly at this one grocery store around the same time every few nights and the cashier would talk about me with other customers while I’m standing next to them. She’d say things like “up to no good again?” And telling a customer, “these people drink that stuff like water” pointing to the alcoholic drinks I was buying. I felt embarrassed and ashamed that the lady knew who I was and judged me in that way out loud.', '12j5k16'], ['u/Mary_Pick_A_Ford', 28, '2023-04-12 14:57', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyhxfb/', 'Yeah back when the life expectancy was like 40.', '12j5k16'], ['u/dj_boy-Wonder', 59, '2023-04-12 15:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyju83/', 'I used to have a cafe that I took girls to near my work, it was a nice place and good value, Asian tea place that did dumplings and shit. One day I’m on a date and the waitress came up to me and was like “oh you’re here again! Always nice to have you back and you bring in so many pretty ladies” and this date is looking at me like “seriously bro” I could have killed that lady with my expression', '12j5k16'], ['u/Uchiha_Itachi', 31, '2023-04-12 15:14', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyjz0c/', 'At my favorite "unnamed burrito place" they stopped charging me because I came in so much. Quite literally, thru the shifting of managers over years of employee turnover they would pass the message along and the next team of burrito makers/cashier wouldn\'t charge me. I\'m extremely introverted, but a free burrito is a free burrito. (LPT- Fill out the customer survey on receipt and reference kind/helpful staff by name. They might get a promotion)', '12j5k16'], ['u/[deleted]', 15, '2023-04-12 15:28', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfylws3/', 'I know 3 of my local dominos drivers and I’m not ashamed at all that we buy pizza all the time… lol. They’re cool and I have a hungry teenager so whatever', '12j5k16'], ['u/MyTaterChips', 13, '2023-04-12 15:50', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyoro3/', 'Yup. There’s a Mediterranean restaurant near my work that I quit going to because the waiter does these really uncomfortable little “chummy” jokes, like pretending to hand me my receipt but not actually letting go of it when I try to pull it away and then laughing and telling me to “have a blessed day, friend.” Literally some crap like that every time. \n\nThere’s also a Winn-Dixie near my house where the deli woman loves to talk for like 20 minutes. She’s friendly, and I appreciate friendly people, but sometimes I just want to get my groceries and go home. She also likes telling me about her other job where she sells sex toys, and I honestly couldn’t tell you how I reached a point where my local deli lady was comfortable telling me about her sex toy business.', '12j5k16'], ['u/Tattycakes', 14, '2023-04-12 16:17', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyskzf/', 'Uno reverse, nice!', '12j5k16'], ['u/endlesscartwheels', 12, '2023-04-12 16:18', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfyspmn/', "Or when the character sits down and the server puts their usual drink or food in front of them without asking. It's shown as a positive, but I hope that doesn't actually happen in real life. What if they wanted to try something different today?", '12j5k16'], ['u/Prof-Rock', 16, '2023-04-12 16:42', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfywa1i/', 'No. That is when they got married at 13.', '12j5k16'], ['u/IronOreAgate', 13, '2023-04-12 16:45', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfywr8l/', "The flip side of this is even worse. At least when your the customer you can just walk out of the shop. It is brutal when you are trying to do your job and that one customer won't just shut up leave you alone.", '12j5k16'], ['u/geekbydefault', 18, '2023-04-12 17:50', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfz6k0k/', "But that's how I got free pizza when they made a wrong order 🤣", '12j5k16'], ['u/mashkabear', 30, '2023-04-12 18:10', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfz9p45/', 'Pretty sure it was on purpose lmao', '12j5k16'], ['u/Experiments-Lady', 17, '2023-04-12 18:51', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfzg55j/', 'That is very unprofessional. She has no business commenting like that.', '12j5k16'], ['u/lgastako', 10, '2023-04-12 18:52', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfzga76/', "Maybe this is the universe's subtle way of telling you to re-evaluate how much liquor you are consuming.", '12j5k16'], ['u/dragn99', 36, '2023-04-12 18:56', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfzgtj7/', 'I used to get a meatball sub every week as a quick packed lunch for my graveyard shift.\n\nOnce the employee saw me come in, smiled at me, and said "footlong meatball?"\n\nAnyway, it\'s been three years since I went to that subway.', '12j5k16'], ['u/engineergraves', 21, '2023-04-12 21:16', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfzvovg/', 'Absolutely on purpose. I’m a waitress and I would never say anything like that unintentionally. Savage 😂', '12j5k16'], ['u/thewanderingsail', 12, '2023-04-12 22:23', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jg06fqa/', 'Not gonna lie if you are worried about someone you know perceiving you as an alcoholic it’s probably because subconsciously you realize you are consuming too much alcohol friend.', '12j5k16']]], ['u/avibox954', 'My 60 year old neighbor asked me how to buy bitcoin. Need advice', 52, '2023-04-12 04:13', 'https://www.reddit.com/r/Bitcoin/comments/12j6eqz/my_60_year_old_neighbor_asked_me_how_to_buy/', "I have been wearing a bitcoin hat for years and my neighbor saw it and finally asked me how they can get into bitcoin. They are worried about the currencies collapsing. \n\nI only know Bitcoin core software and Bitcoin Wallet by bitcoin wallet developers mobile app.\n\nThey trust me and want to dump at least 1k to start. I'm sure they will dump more and more into it.\n\nWhat is the best advice to give them? Should i tell them to setup an account on coinbase to purchase bitcoin. \n\nI dont want them to leave it on coinbase. Should i teach them bitcoin core software. How to transfer it there after buying it and then exporting their private keys?\n\nThe easiest would be for them to leave it on coinbase but i dont trust anyone leaving bitcoin on coinbase or any exchange\n\nMost old people don't understand computers and bitcoin core is complicated for non tech savvy people. But i am able to help them and show them.\n\nWhat would you do if old people asking you to come to their home and teach them bitcoin.\n\nWhat can i do? they said they can pay me for my time.\n\nI only know bitcoin core and don't trust most other wallets. I dont know hardware wallets either.", 'https://www.reddit.com/r/Bitcoin/comments/12j6eqz/my_60_year_old_neighbor_asked_me_how_to_buy/', '12j6eqz', [['u/Jeezy_7_3', 56, '2023-04-12 04:28', 'https://www.reddit.com/r/Bitcoin/comments/12j6eqz/my_60_year_old_neighbor_asked_me_how_to_buy/jfwwr3z/', 'It seems like you know as much as your neighbor about bitcoin. Buy on an exchange and just transfer to a cold wallet.', '12j6eqz'], ['u/lightbulb-7', 24, '2023-04-12 07:58', 'https://www.reddit.com/r/Bitcoin/comments/12j6eqz/my_60_year_old_neighbor_asked_me_how_to_buy/jfxjpme/', 'It’s quite odd that the only thing you know about bitcoin is bitcoin core', '12j6eqz']]], ['u/AutoModerator', '[Daily Discussion] - Wednesday, April 12, 2023', 35, '2023-04-12 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/', '12j97jz', [['u/JungleSumTimes', 34, '2023-04-12 06:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfxadi0/', "Fools and dreamers the lot of you. 10 years ago stumbled upon my brethren. Here's to another beautiful decade", '12j97jz'], ['u/PatientlyWaitingfy', 12, '2023-04-12 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfxdcuy/', 'Imagine going sideways here for a month, would frustrate breakout traders', '12j97jz'], ['u/Yodel_And_Hodl_Mode', 20, '2023-04-12 07:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfxi1pa/', "I'm in for another million sats.\n\nIt feels so much more satisfying to say a million sats rather than 0.01 BTC ;)", '12j97jz'], ['u/CupNoodlesKing', 12, '2023-04-12 07:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfxioi5/', 'One satoshi will be one dollar in 2030, trust me bro', '12j97jz'], ['u/hajjidamus', 11, '2023-04-12 11:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfxzn11/', 'But $100 million will be the average price of a Toyota Corolla in 2030.', '12j97jz'], ['u/52576078', 10, '2023-04-12 12:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfy1j49/', 'Same here. Thought I was too late!', '12j97jz'], ['u/52576078', 11, '2023-04-12 13:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfy810q/', "Nik Bhatia is one of the best Bitcoin writers. His latest piece argues that we're not out of the woods yet in the macro (similar argument to Wardser's) but that the halving might save us from the worst. https://thebitcoinlayer.substack.com/p/bitcoins-first-major-recession-part-ad9", '12j97jz'], ['u/BitSecret', 35, '2023-04-12 14:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfycg1y/', "Good morning folks. It's me, your fair-weather friend. Just like a tulip, I disappear in the winter and pop back up in the spring. Let me tell you, it is a beautiful spring morning, literally and figuratively. I've been absent because it's no fun for me to talk about gardening when it's cold. I've been wearing a blanket because Bitcoin hasn't been keeping me warm. Instead, I've been fixing up my new mortgage free million dollar house that Bitcoin bought me (not so humble brag), and I've been doing it full time since Bitcoin gave me enough FU money to quit my job in Feb 2019 (the cherry on top not so humble brag). \n\n [Three months ago](https://www.reddit.com/r/BitcoinMarkets/comments/108w215/comment/j3ywu6l/?utm_source=share&utm_medium=web2x&context=3), I declared along side u/RetardIdiotTrader that we were at the start of the next bull market and we are up over 50% since then. [A few days ago](https://www.reddit.com/r/BitcoinMarkets/comments/12b8el1/comment/jf00vjo/?utm_source=share&utm_medium=web2x&context=3) I felt the speed would pick up and here we are over $30K. \n\nAt this faze in my life, it's not as important to follow every little tick. I'm out playing sports with my kids and busy with my hobbies. For those of you who have been around for a while, we've seen many great names on this daily thread disappear over the years. Of course, some crashed and burned, but I would like to believe that others felt like they no longer have to play the game and have organically fizzled out of these micromovement conversations. I might chime in tomorrow, or 3 months from now. Who knows. But in the meantime, believe in the 4 year cycle and\n\nHave a Happy Day!", '12j97jz'], ['u/hxc_', 14, '2023-04-12 14:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyeshx/', 'U.S. Mar. Core CPI (MoM): 0.4%, [Est. 0.4%, Prev. 0.5%]\n\nU.S. Mar. Core CPI (YoY): 5.6%, [Est. 5.6%, Prev. 5.5%]\n\nU.S. Mar. CPI (MoM): 0.1%, [Est. 0.2%, Prev. 0.4%]\n\nU.S. Mar. CPI (YoY): 5.0%, [Est. 5.2%, Prev. 6.0%]', '12j97jz'], ['u/xtal_00', 13, '2023-04-12 14:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyfmsz/', 'Bumped stop into profit. \n\nDegen 10x long from 29900.', '12j97jz'], ['u/dopeboyrico', 11, '2023-04-12 14:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyg0nq/', 'A lot of people were waiting on a >80% drop from ATH that never came. They will be left behind on the way up.\n\nIf BTC manages to reach a new ATH for the first time ever before the halving, a lot of people will sell too early on the way up thinking a new ATH will not come until after the halving.\n\nHence, most hated bull run ever.', '12j97jz'], ['u/Euphoricsoul', 10, '2023-04-12 14:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfygqvw/', 'Someone is selling into this buy pressure. Just a question of who has more ammo at this point. My guess is that it will go the way of the Bulls based purely on positive CPI data.', '12j97jz'], ['u/52576078', 15, '2023-04-12 15:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyi7ko/', '"Mooning" - goes to look at price. Exact same as it was yesterday. Did you drink too much caffeine this morning?', '12j97jz'], ['u/52576078', 12, '2023-04-12 15:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyjppd/', 'I guess we have different definition of mooning.', '12j97jz'], ['u/delgrey', 27, '2023-04-12 15:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyjv24/', '"Bitcoin is a gambling token and it doesn\'t have any intrinsic value. But that doesn\'t stop people from wanting to play the roulette wheel" - Warren Buffett interview CNBC this morning.\n\nThanks for the advice gramps.', '12j97jz'], ['u/shadowofashadow', 14, '2023-04-12 15:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfykb8h/', 'Maybe it has no intrinsic value to a billionaire. People like him seem to forget or genuinely not understand that there is a shitload of value in being able to store and transmit value with no permission and at a relatively low cost.', '12j97jz'], ['u/jarederaj', 15, '2023-04-12 15:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfykx1y/', 'No, he rage quit and is taking care of himself.\n\nSome other sub banned him because he said something they didn’t like… or something like that.', '12j97jz'], ['u/Downtown-Ad-4117', 12, '2023-04-12 15:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfykyvz/', 'He doesn’t know what it is.', '12j97jz'], ['u/dopeboyrico', 14, '2023-04-12 15:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfylgcm/', 'Buffett is on another level of wealth. Buffett doesn’t sell his assets (and trigger a taxable event) to raise cash to buy things, he just lends against his assets indefinitely as needed at extremely favorable interest rates which are well below the rate at which his assets rise in value.', '12j97jz'], ['u/[deleted]', 11, '2023-04-12 15:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfylsan/', 'Tradfi / fiat / govt dead Enders starting to look desperate. If it’s just a little gambling token, why the all out assault ?', '12j97jz'], ['u/xtal_00', 17, '2023-04-12 15:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfymcqw/', 'Yes, he does. \n\nThe fact he even feels the need to waste his breath uttering the word "Bitcoin" is a tell. \n\nThey know.', '12j97jz'], ['u/diydude2', 19, '2023-04-12 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfynzw7/', "I can't stand Warren Buffett, the most overrated investor ever.", '12j97jz'], ['u/xtal_00', 11, '2023-04-12 15:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfyq2lq/', "He has far more to lose than any token gain in an admittedly unlikely scenario where Bitcoin removes control of monetary policy from governments; It is more likely Bitcoin will force competition into the realm of monetary instruments and drive the system towards harder money in general - bad when you're best buddies with the printing machine.", '12j97jz'], ['u/PatientlyWaitingfy', 13, '2023-04-12 17:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfz10dk/', "As long its over 28.5k it's not a BRD in my book in the current PA", '12j97jz'], ['u/jabatasu', 12, '2023-04-12 17:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfz1aqa/', 'Was that a bull trap before or is this a bear trap now, hmm?', '12j97jz'], ['u/BootyPoppinPanda', 22, '2023-04-12 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfz3525/', "That's a little exaggerated. Looks like we're just carving out the next bull flag. I don't think we linger at this price as long as the 28's though. Maybe another few days. Source, my ass", '12j97jz'], ['u/cryptojimmy8', 13, '2023-04-12 17:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfz7zar/', 'Good old CPI release day. Straight up then straight down then up again?', '12j97jz'], ['u/gore_skywalker', 13, '2023-04-12 18:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfzbw6y/', "My bad it isn't 2.5% directly. BRK owns ~12.67% of $BAC which translates to ~2.37% of $MSTR which if they own 140k Bitcoin, translates to 420 BTC which is 0.3%", '12j97jz'], ['u/DEEPFIELDSTAR', 24, '2023-04-12 18:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfzdngd/', "This forum is so silly sometimes. Anything that doesn't go up forever with no resistance is a bearish bulltrap crucial limit new lows right around the corner bla bla bla bla bla.\n\nYa gotta chill.", '12j97jz'], ['u/thewardser', 21, '2023-04-12 20:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfzqqtj/', 'still in my long, lowered stop loss to $29,699', '12j97jz'], ['u/xtal_00', 20, '2023-04-12 20:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfzst92/', "I'm nervous when we agree on things.", '12j97jz'], ['u/itsthesecans', 15, '2023-04-12 21:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfzvh2t/', 'This is not how this day played out in my head.', '12j97jz'], ['u/cryptosareagirlsbf', 11, '2023-04-12 21:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jfzxruh/', "Am I the only one confused that the price isn't doing something wild right now? The Fed just went from expecting a soft landing to talking about a mild recession, and everything is pretty much flat.", '12j97jz'], ['u/PatientlyWaitingfy', 25, '2023-04-12 21:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jg003jf/', "It's this subs death cross", '12j97jz'], ['u/PatientlyWaitingfy', 28, '2023-04-12 22:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jg0305q/', 'The price has just done somthing wild. We got to see 30k+ for the first time this year. Patience', '12j97jz'], ['u/pozsi', 31, '2023-04-12 23:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12j97jz/daily_discussion_wednesday_april_12_2023/jg0eid8/', "I haven't made a trade since... not sure, but some time in summer 2021. \n\nUnfortunately I kept all my holdings all the way down, and unfortunately I haven't bought anything when it was down. On the bright side, I am free to admit that I have a gambling addiction, and I am happy that I don't need to do it. I am free from it. It is not the only addiction I have, but one of them. A relatively harmless one, but it is good this way, no need to go to full catastrophe with this one. Alcohol was enough for one catastrophe in my life.\n\nBut I am following the price. And sometimes I write facebook posts about the developments. These types of activities are entertaining. \n\nI am pretty sure that there will be one more serious rally. But for health reasons, mental health I mean, I stay away. Good luck boys! I might return from time to time to this sub as well.", '12j97jz']]], ['u/CertainCoat', 'An explanation that will make you one of the few who understand.', 90, '2023-04-12 06:41', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/', "Bitcoin good because number go up! Sometimes number go down, which make people sad, but then number go up again and make people happy. Even if some people say bad things about bitcoin, they are wrong because number always go up in the end. So, if you buy bitcoin now and wait, you will get more money because number go up. It's like a roller coaster ride, but the ending is always good.\n\nIf you are arguing against bitcoin, just remember if line go up you will look stupid. If line go down you will still look stupid because eventually line will go up. If you know these basics, you'll make good choices and buy bitcoin before line goes up. \n\nI hope one day you think back to this moment as the time you become one of the few. Line! Go! Up!", 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/', '12ja782', [['u/MammothReputation633', 36, '2023-04-12 08:00', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfxjtth/', 'Wen lambo?', '12ja782'], ['u/CertainCoat', 19, '2023-04-12 09:07', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfxox7x/', 'I hope one day in whatever field is important to you, your line go up.', '12ja782'], ['u/CertainCoat', 33, '2023-04-12 09:08', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfxozvn/', 'Bitcoin is a battery, currently it’s storing energy when it’s charged it will discharge into line go up. It takes a lot of energy to make line go up as it’s a big line.', '12ja782'], ['u/OnePoint11', 14, '2023-04-12 11:23', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfxy6rg/', " >you'll make good choices and buy bitcoin before line goes up\n\n🤑Line is always going up📈 🚀, so buying 💰BiTcOiN💰 is always good choice📢", '12ja782'], ['u/Suspicious_Army_904', 11, '2023-04-12 11:32', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfxysp8/', 'You forgot to mention the cyber hornets of the blockchain goddess or some shit. Apparently Saylor moon is super bullish on hornets and cyber deities.', '12ja782'], ['u/SilentButDeadlySquid', 24, '2023-04-12 13:34', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfy8oxm/', "You should get on the bitcoin train because it's a currency, except don't spend it because it's a store of value, but line go up so you want to DCA so it's an investment, it's the way of the future when all fiat holders are broke and a few million of us have all the monies.\n\nAlso, it's not crypto because it's not. Crypto is stupid and only morons buy crypto.", '12ja782'], ['u/ButtAnuston', 11, '2023-04-12 15:05', 'https://www.reddit.com/r/Buttcoin/comments/12ja782/an_explanation_that_will_make_you_one_of_the_few/jfyiv1w/', '>One thing is being wrong, another is being "even more wrong" year after year and still refusing to learn the concepts of value, price\n\nIronic', '12ja782']]], ['u/rBitcoinMod', 'Daily Discussion, April 12, 2023', 59, '2023-04-12 08:02', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12iai0e/daily_discussion_april_11_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/', '12jc2so', [['u/thomerow', 14, '2023-04-12 10:49', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jfxvx8y/', 'As much as I would like to agree with you, I have heard the term “last time to buy under X” a few times too often.', '12jc2so'], ['u/Just1_More', 19, '2023-04-12 12:43', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jfy42fd/', "Interesting times approaching for 🌽.\n\nThe halving is not far. Closed UP 3 months in a row (this has historically signaled the beginning of a bull). Almost 1 million addresses cold store 1+ BTC with over 66% of the supply not moving in the last year 💎👐. Countless other bullish events, energy sector, big banks opening up to Bitcoin, etc.\n\nBUT! The Wallstreet bros still toss our 🌽 around as if it is a high-risk asset. Right now, it's risk on. But in the near future most of us would agree it's going to get ugly out there, which mean risk-off.\n\nThe way I see it. BTC is heading towards the most interesting test of its short existence. I can't wait!", '12jc2so'], ['u/escodelrio', 22, '2023-04-12 15:34', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jfymkoj/', 'Historical Bitcoin\xa0prices for today, April 12th:\n\n2023 - $30,018\n\n2022 - $40,618\n\n2021 - $59,857\n\n2020 - $7,143\n\n2019 - $5,089\n\n2018 - $7,916\n\n2017 - $1,217\n\n2016 - $426\n\n2015 - $236\n\n2014 - $421\n\n2013 - $117\n\n2012 - $4.9\n\n2011 - $0.90\n\nVia [Twitter](https://twitter.com/btchistorical/status/1646106380082839552).', '12jc2so'], ['u/cryptoenthusiast84', 11, '2023-04-12 17:31', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jfz3nzi/', 'What idiots are now selling? Lol', '12jc2so'], ['u/NectarineDirect936', 23, '2023-04-12 19:32', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jfzl04z/', "New law in Russia stipulates that you can be drafted into the army through a online/digital procedure. if you refuse, you are no longer allowed to drive a car or buy one, buy a house or take out a loan,.. Imagine what the consequences would be with a cbdc.. this could become your reality aswell.. You've got nowhere to go, nothing to spend, they just shut you down. But well yeah, bitcoin has no intrinsic value no..", '12jc2so'], ['u/HurricaneHarvey7', 11, '2023-04-12 20:41', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jfzrpdh/', "I don't know about you guys but I get my financial advice from PC Gamer.", '12jc2so'], ['u/dadyav1', 10, '2023-04-12 22:10', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jg04dp4/', 'seems like we need to get used to $K30 price from now on. Rip to hopes of those that wanted to buy it sub 20k recently', '12jc2so'], ['u/Secret_Operative', 12, '2023-04-12 22:29', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jg07gu7/', 'Down 0.68% in 24h, oh no! Anyway...\n\nAlso down 26% in 12 months. \n\nAlso up 57.6% in 6 months. \n\nWhich time-frame are you into? The 7 day and 1 month are also available. All of this is just a matter of perspective. I prefer to look at it from January 2009-ish. Really doing great!', '12jc2so'], ['u/Umpire_State_Bldg', 11, '2023-04-12 23:05', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jg0d7f5/', '*Is the sub 20K Bitcoin in the room with us now?*', '12jc2so'], ['u/Think_Operation310', 18, '2023-04-12 23:53', 'https://www.reddit.com/r/Bitcoin/comments/12jc2so/daily_discussion_april_12_2023/jg0kd8m/', "After buying Bitcoin since 2017, they froze my bank account last Monday. The next day someone called me asking what I was doing. I said what do you mean, it's my money. He answered no!...eh I mean yes but it's our account so I have all kinds of questions you have to answer before we unlock it, I said sorry I don't have time now. So it's still frozen, they hold my fake fiat, luckily I have my Bitcoin card to buy food. Tomorrow I have an appointment with another bank, the fight gets heavier.", '12jc2so']]], ['u/malaika109', 'Beware of Altcoins: Potential Altcoin Massacre Ahead?', 21, '2023-04-12 09:45', 'https://www.reddit.com/r/CryptoMarkets/comments/12jeafm/beware_of_altcoins_potential_altcoin_massacre/', "As the cryptocurrency market continues to evolve, investors need to be aware of potential shifts and trends that can affect their investments. Recently, Bitcoin's dominance broke out above two-year resistance, leading to concerns about the future of altcoins.\n\nIf the dominance continues to rise and Bitcoin dumps, there could be an altcoin massacre, resulting in significant losses for investors. On the other hand, if Bitcoin pumps and the dominance breakout turns out to be a fakeout, we could see an alt season.\n\nAt the same time, ETH/BTC is also dumping hard, with expectations of being a strong underperformer vs BTC in the next few days. This trend can also impact altcoins, making it crucial for investors to be extra cautious with their holdings.\n\nIn summary, the current dominance pump combined with a BTC dump could lead to an altcoin massacre, while a dominance dump combined with a BTC pump could bring about an alt season. With this potential scenario on the horizon, investors must be mindful of their altcoin holdings and make informed decisions to protect their investments.\n\nRemember, investing in cryptocurrencies can be risky, and it's essential to do your research and keep an eye on the latest market trends to make informed decisions.", 'https://www.reddit.com/r/CryptoMarkets/comments/12jeafm/beware_of_altcoins_potential_altcoin_massacre/', '12jeafm', [['u/Confident_Weird3353', 26, '2023-04-12 10:40', 'https://www.reddit.com/r/CryptoMarkets/comments/12jeafm/beware_of_altcoins_potential_altcoin_massacre/jfxvc81/', 'I am not even sure what does OP means', '12jeafm']]], ['u/lzongo', 'Bitcoin as hedge against faulting dollar, just how exactly?', 22, '2023-04-12 09:55', 'https://www.reddit.com/r/BitcoinBeginners/comments/12jehyl/bitcoin_as_hedge_against_faulting_dollar_just_how/', "Can someone please explain how function Bitcoin can have hedging against a faulting USD and inflation? If the dollar collapses entirely wouldn't that, since we measure the worth of Bitcoin in dollars, mean that the value of Bitcoi...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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30399.07, 30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and ether were trading flat after a mildly encouraging inflation report and the unveiling of the Ethereum Shanghai upgrade. Insights: Go whale watching for a sense of where bitcoin\'s price might be headed, writes CoinDesk analyst Glenn Williams writes. Prices Bitcoin, Ether Remain Largely Unmoved by Major Events CoinDesk Market Index (CMI) 1,317.72 −5.6 ▼ 0.4% Bitcoin (BTC) $29,984 −258.2 ▼ 0.9% Ethereum (ETH) $1,906 +15.7 ▲ 0.8% S&P 500 daily close 4,091.95 −17.0 ▼ 0.4% Gold $2,032 +27.6 ▲ 1.4% Treasury Yield 10 Years 3.42% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,317.72 −5.6 ▼ 0.4% Bitcoin (BTC) $29,984 −258.2 ▼ 0.9% Ethereum (ETH) $1,906 +15.7 ▲ 0.8% S&P 500 daily close 4,091.95 −17.0 ▼ 0.4% Gold $2,032 +27.6 ▲ 1.4% Treasury Yield 10 Years 3.42% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Neither hotly anticipated inflation data nor an eagerly awaited Ethereum Shanghai upgrade could move bitcoin or ether much from their most recent perches. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $29,900, down the better part of a percentage point over the past 24 hours. Ether, the second-largest crypto in market value, was hovering around $1,905, up almost a percentage point. Many investors had been looking for both cryptos to react more strongly to Wednesday\'s events, particularly the Ethereum "hard fork," a continuation of the platform\'s transformation from a proof-of-work to a faster, more efficient proof-of-stake protocol. "We should be looking ahead at what’s in store for the Ethereum roadmap," Jake Boyle, director of retail crypto brokerage Caleb & Brown, wrote. "A lot of progress has been made, and a lot is going to be made. This paints a wildly optimistic picture going forward." Story continues Boyle added: "We are heading into a recession, or at least it seems that way, and retail investors would be the profile of investors that would sell in the situation we find ourselves in. But this doesn’t seem to be the case, and this suggests to me that the profile of investors in the Ethereum ecosystem right now tends to be larger-scale. They appear to be more institutional-grade, and I don’t think that kind of investor would be quick to sell at this moment in time. They\'re long-term focused.” Most other major cryptos were recently trading flat. The CoinDesk Market Index, a measure of crypto markets overall performance, was recently down about a half percentage point. Equity indexes fell slightly with the tech-focused Nasdaq and S&P 500 off 0.8% and 0.4%, respectively. Gold continued to hold strongly over $2,039, near its all-time high as investors look toward assets that hold their value. Meanwhile, in an email to CoinDesk, Konstantin Boyko-Romanovsky, CEO at noncustodial platform Allnodes, struck an upbeat note about Ethereum\'s future. "With previously locked ETH becoming available again, it could lead to "a rise in the staking ratio, increased liquidity, and potentially higher prices," Boyko-Romanovsky wrote. "As the staking ratio rises, it will boost network security, a crucial indicator of blockchain health, and decrease the amount of circulating ETH." He added: "Early stakers will be able to reinvest their staking rewards. At the same time, removing uncertainty related to undetermined ETH lock-up periods will likely generate more interest in staking among retail and institutional participants." Insights Bitcoin Whales May Forecast BTC\'s Price Path Addresses with a balance of more than 10K bitcoin (Glassnode) As bitcoin establishes new support at around $30,000, investors might want to track larger unique wallet addresses. Among wallets holding significant amounts of crypto to determine BTC\'s price path: The number of wallets holding between one and 99 BTC and those with more than 10,000 BTC has been growing since January. Over the same period, the number of wallets holding between 100 and 9,999 BTC has also been growing. Whales holding at least 10,000 bitcoins have been willing to pivot quickly. While the bias is upwards, these larger traders have been willing to enter and exit positions, taking profits at short-term peaks, and retreating as the price retraces. Investors on the precipice of 10,000 BTC may be optimistic, locked into the asset and increasing their exposure – ready to move into a higher tier. Their positions may represent a base of support for BTC prices because investors who went long on the digital asset in January are up 80% year to date. Important events NFT NYC 2023 Web3 Festival 2023 (Hong Kong) 1:00 a.m. HKT/SGT(17:00 UTC) United States IMF Meeting CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ethereum\'s Shanghai Upgrade Looms; Bitcoin\'s $30K Breakthrough : The Shanghai upgrade on the Ethereum blockchain, also referred to as "Shapella," took place on Wednesday at 22:27 UTC (6:27 p.m. EST). "First Mover" was tracking the activation and market impacts of the upgrade that, among other things, will enable staked ETH withdrawals. BTCS Inc. CEO Charles Allen and RockX co-founder and CEO Zhuling Chen joined the conversation. Also, Andre Portilho, head of digital assets at BTG Pactual, provided his crypto markets analysis. And Casa CEO Nick Neuman discussed self-custody of digital assets. Headlines Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals : The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests. Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection : Holders of Adidas\' Into The Metaverse NFTs can burn their tokens to join the new dynamic non-fungible token ecosystem. Only a Tiny Amount of ETH Is Poised to Be Withdrawn After Ethereum Shanghai Upgrade, Nansen Says : Less than 1% of previously staked ETH is in the queue waiting to be withdrawn. LIVE BLOG, Ethereum\'s Shanghai Upgrade : CoinDesk reporters and editors chronicle the first-ever activation of withdrawals from the Ethereum staking mechanism, set for Wednesday at 6:27 p.m. ET (22:27 UTC). We\'ve got the play-by-play on Shanghai – also known as "Shapella" – from what we\'re seeing on the blockchain and at the watch parties. Ethereum Trades Flat After Ethereum Shanghai Upgrade : Analysts had been divided on how prices might react.', 'Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw\xa0mixed performances among the top 10 non-stablecoin cryptocurrencies. Ethereum gained following the blockchain\x92s network upgrade on Wednesday, seemingly shrugging off concerns the upgrade could bring selling pressure on the Ether token. Solana continued to lead the winners as investors anticipate its first smartphone launch on Thursday. U.S. equities dropped on Wednesday after Federal Reserve minutes from March showed officials projecting a recession in the second half of 2023, while the U.S. consumer price index (CPI) in March indicated cooling but stubborn inflation. See related article: Ethereum rolls out Shapella upgrade amid worries over price pressures Fast facts Bitcoin dropped 0.76% to US$30,008 in the 24 hours to 09:00 a.m. in Hong Kong, but held a weekly gain of 7.26%, according to CoinMarketCap data . The world\x92s largest cryptocurrency has jumped over 80% since the start of the year. Bitcoin buyers ignored renewed criticism from U.S. investor Warren Buffet in a CNBC interview on Wednesday, where he called the cryptocurrency a \x93gambling token\x94 without intrinsic value. Ethereum gained 1.10% to US$1,910, adding 0.79% for the week. The Shanghai upgrade of the Ethereum blockchain activated on Wednesday and allows investors to withdraw their staked Ether for the first time. Some analysts expect the upgrade may trigger a withdrawal of nearly US$2.3 billion worth of Ether, about 6% of the total value of staked Ether , according to a Wednesday Bloomberg report . Litecoin led the losers in the top 10, dropping 2.45% to trade at US$92.23. The token is flat for the seven-day period. XRP fell 2.06% to US$0.5041, but is still up 1.08% for the week. The U.S. Securities and Exchange Commission (SEC) filed a letter on Tuesday to support its case against Ripple Labs, which it has accused of offering unregistered securities in the form of XRP. The letter quoted the SEC\x92s case against investment adviser Commonwealth Equity Services, which involved violation of securities laws and saw the defendant\x92s fair notice argument rejected by the court. Solana rose 2.49% to US$24.01, up 15.51% for the week. Solana Mobile, a subsidiary of Solana Labs, will release its first smartphone Saga on Thursday, which integrates the Solana blockchain and allows users to make on-chain transactions, manage digital assets, and access a variety of decentralized apps. The total crypto market capitalization dipped 0.52% in the past 24 hours to US$1.23 trillion. The total trading volume over the last 24 hours rose 13.33% to US$48.60 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.32% to 3,992.64 in the 24 hours to 09:00 a.m. in Hong Kong, but was still down 0.48% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. equities closed lower on Wednesday after minutes of the Fed\x92s meeting in March resurfaced concerns about a recession, while Buffet in the same CNBC interview warned the U.S. banking system could face further stresses after the recent failures of a trio of lenders. The Dow Jones Industrial Average dipped 0.11%, the S&P 500 moved 0.41% lower, and the Nasdaq Composite Index dropped 0.85%. At the meeting on March 21 and 22, the Federal Reserve raised interest rates by 25 basis points and Fed officials projected the U.S. economy could enter a \x93mild recession\x94 later this year. Several Fed officials considered leaving interest rates unchanged, noting the bank failures, but decided on the rate hike due to \x93elevated inflation.\x94 U.S. gross domestic product is expected to rise 2.9% in the second quarter of 2023, but to drop by 0.3% in the third quarter and 0.1% in the fourth, according to data from Trading Economics . U.S. CPI released Wednesday rose 5% on year in March, down from 6% in February, and the smallest increase since May 2021. The number was lower than economists\x92 expectation of 5.2% and pointed to a slowing of inflation, but is still well above the Fed\x92s target rate of around 2%, Reuters reported on Thursday. Core CPI \x96 excluding food and energy \x96 moved up 5.6% on year, accelerating from February. U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at the CME Group expect a 29.6% chance the Fed will not raise interest rates at its next meeting on May 3, while 70.4% predict a 25-basis-point rate hike, up from 66.9% on Wednesday. U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dropped 0.12%. The S&P 500 futures dipped 0.10%. The Nasdaq Composite Index inched 0.02% lower. See related article: Binance.US to delist TRX, price drops 5.4%', 'DUBAI , UAE , April 13, 2023 /PRNewswire/ -- VAF Compliance , a leading virtual assets and financial compliance firm, has announced the launch of its newest solution \x96 a Telegram Bot service that assesses the risks associated with accepting cryptocurrency as payment. This innovative solution is the latest addition to VAF Compliance\'s suite of compliance services, which includes outsourced compliance officers and transaction monitoring. VAF Compliance Telegram Bot There is no doubt that the financial industry has undergone a transformative shift with the advent of cryptocurrencies and blockchain technology. While these innovations have brought transparency and decentralization, compliance remains a significant challenge that could undermine the industry\'s potential. Crypto exchanges, the entry point to cryptocurrencies, are particularly vulnerable to compliance issues. To maintain compliance, the implementation of robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies is essential. Recent fraudulent scandals in the crypto industry, such as the collapse of FTX and TerraLuna , have led to increased legal scrutiny and a steady rise in personal wallet addresses included as sanctions identifiers. According to a report by Chainalysis, OFAC has imposed sanctions on two Iranian nationals associated with the SamSam ransomware strain, designating their Bitcoin addresses as identifiers on the SDN List entries , and the number of personal wallet addresses included as sanctions identifiers has increased steadily since 2018 . While recent sanctions against entities providing money laundering services to criminals have had a positive impact, alternative money laundering services may still be found, highlighting the need for robust KYC and AML policies in the crypto industry. VAF Compliance\'s Telegram Bot can help individual clients and small businesses avoid situations where they may unknowingly accept tainted funds. With this service, VAF Compliance aims to democratize access to AML solutions to all users, who now can assess risks before accepting crypto , receive a clear and user-friendly report, understand the risks associated with interacting with other wallets, and prevent the receipt of crypto with criminal origins. Story continues The bot is now available in English and Chinese (Mandarin) and will cover over 45 blockchains . It also provides an easy-to-read report to understand the risk level prior to accepting any funds in the user\'s wallet. The cost per transaction is affordable when compared to the potential risks associated with accepting illicit funds, and payments can be settled via credit card, making the process even more convenient for users. In addition, users have the option to pay fees per report or package, and if they refer the service to others, they can receive free reports that cover more than 70 different risk parameters. "We are very excited to launch our newest solution, the VAF Compliance Bot service, which provides an easy-to-use, yet comprehensive solution for individuals and small businesses looking to navigate the complex world of crypto compliance," said Gilson Ribeiro Da Costa , CEO of VAF Compliance . "We believe our innovative solutions will help our clients achieve their compliance goals, while also enhancing the overall reputation and credibility of the crypto industry." In addition to the launch of the Telegram Bot service, VAF Compliance recently conducted a study on the crypto exchange Huobi , which received a C- rating based on transactions from the cluster wallet with categorized addresses related to child abuse, terrorism financing, and OFAC sanctions, among others. Being from the region and for the region, VAF Compliance can definitely help companies avoid such unfavorable situations, while the UAE\'s crypto -friendly regulations set a foundation for a prosperous future in the blockchain and crypto space. With over a decade of experience and an array of innovative solutions, VAF Compliance is the ideal partner for any crypto enthusiast or business looking to navigate the complex and ever-changing world of compliance and risk assessment. Not only does the company offer support to clients in the MENA region, but it also extends its services in countries such as Turkey , Africa , and Europe . In fact, the company has announced its expansion to Switzerland and the establishment of its office in Zug . The team will be led by Farzaad Gaibie , a seasoned financial services consultant with extensive industry knowledge and experience. The expansion to Zug will enable VAF Compliance to better understand the needs of its clients and offer tailored solutions that meet their unique requirements. About VAF Compliance: VAF Compliance is a leading virtual assets and financial compliance firm based in Dubai , specializing in the virtual assets, financial, and non-financial sectors. With over a decade of experience, VAF Compliance offers innovative compliance solutions, including outsourced compliance officers and transaction monitoring, to help organizations navigate the complex world of compliance and risk assessment. Photo - https://mma.prnewswire.com/media/2052695/vaf_bot.jpg Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/vaf-compliance-launches-telegram-bot-service-to-help-crypto-users-and-businesses-avoid-receiving-tainted-funds-301795753.html SOURCE VAF Compliance', 'DUBAI , UAE , April 13, 2023 /PRNewswire/ -- VAF Compliance , a leading virtual assets and financial compliance firm, has announced the launch of its newest solution \x96 a Telegram Bot service that assesses the risks associated with accepting cryptocurrency as payment. This innovative solution is the latest addition to VAF Compliance\'s suite of compliance services, which includes outsourced compliance officers and transaction monitoring. VAF Compliance Telegram Bot There is no doubt that the financial industry has undergone a transformative shift with the advent of cryptocurrencies and blockchain technology. While these innovations have brought transparency and decentralization, compliance remains a significant challenge that could undermine the industry\'s potential. Crypto exchanges, the entry point to cryptocurrencies, are particularly vulnerable to compliance issues. To maintain compliance, the implementation of robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies is essential. Recent fraudulent scandals in the crypto industry, such as the collapse of FTX and TerraLuna , have led to increased legal scrutiny and a steady rise in personal wallet addresses included as sanctions identifiers. According to a report by Chainalysis, OFAC has imposed sanctions on two Iranian nationals associated with the SamSam ransomware strain, designating their Bitcoin addresses as identifiers on the SDN List entries , and the number of personal wallet addresses included as sanctions identifiers has increased steadily since 2018 . While recent sanctions against entities providing money laundering services to criminals have had a positive impact, alternative money laundering services may still be found, highlighting the need for robust KYC and AML policies in the crypto industry. VAF Compliance\'s Telegram Bot can help individual clients and small businesses avoid situations where they may unknowingly accept tainted funds. With this service, VAF Compliance aims to democratize access to AML solutions to all users, who now can assess risks before accepting crypto , receive a clear and user-friendly report, understand the risks associated with interacting with other wallets, and prevent the receipt of crypto with criminal origins. Story continues The bot is now available in English and Chinese (Mandarin) and will cover over 45 blockchains . It also provides an easy-to-read report to understand the risk level prior to accepting any funds in the user\'s wallet. The cost per transaction is affordable when compared to the potential risks associated with accepting illicit funds, and payments can be settled via credit card, making the process even more convenient for users. In addition, users have the option to pay fees per report or package, and if they refer the service to others, they can receive free reports that cover more than 70 different risk parameters. "We are very excited to launch our newest solution, the VAF Compliance Bot service, which provides an easy-to-use, yet comprehensive solution for individuals and small businesses looking to navigate the complex world of crypto compliance," said Gilson Ribeiro Da Costa , CEO of VAF Compliance . "We believe our innovative solutions will help our clients achieve their compliance goals, while also enhancing the overall reputation and credibility of the crypto industry." In addition to the launch of the Telegram Bot service, VAF Compliance recently conducted a study on the crypto exchange Huobi , which received a C- rating based on transactions from the cluster wallet with categorized addresses related to child abuse, terrorism financing, and OFAC sanctions, among others. Being from the region and for the region, VAF Compliance can definitely help companies avoid such unfavorable situations, while the UAE\'s crypto -friendly regulations set a foundation for a prosperous future in the blockchain and crypto space. With over a decade of experience and an array of innovative solutions, VAF Compliance is the ideal partner for any crypto enthusiast or business looking to navigate the complex and ever-changing world of compliance and risk assessment. Not only does the company offer support to clients in the MENA region, but it also extends its services in countries such as Turkey , Africa , and Europe . In fact, the company has announced its expansion to Switzerland and the establishment of its office in Zug . The team will be led by Farzaad Gaibie , a seasoned financial services consultant with extensive industry knowledge and experience. The expansion to Zug will enable VAF Compliance to better understand the needs of its clients and offer tailored solutions that meet their unique requirements. About VAF Compliance: VAF Compliance is a leading virtual assets and financial compliance firm based in Dubai , specializing in the virtual assets, financial, and non-financial sectors. With over a decade of experience, VAF Compliance offers innovative compliance solutions, including outsourced compliance officers and transaction monitoring, to help organizations navigate the complex world of compliance and risk assessment. Photo - https://mma.prnewswire.com/media/2052695/vaf_bot.jpg Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/vaf-compliance-launches-telegram-bot-service-to-help-crypto-users-and-businesses-avoid-receiving-tainted-funds-301795753.html SOURCE VAF Compliance', 'Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw\xa0mixed performances among the top 10 non-stablecoin cryptocurrencies. Ethereum gained following the blockchain’snetwork upgradeon Wednesday, seemingly shrugging off concerns the upgrade could bring selling pressure on the Ether token. Solana continued to lead the winners as investors anticipate itsfirst smartphone launchon Thursday. U.S. equities dropped on Wednesday after Federal Reserveminutesfrom March showed officials projecting a recession in the second half of 2023, while the U.S. consumer price index (CPI) in March indicated cooling but stubborn inflation.\nSee related article:Ethereum rolls out Shapella upgrade amid worries over price pressures\n• Bitcoin dropped 0.76% to US$30,008 in the 24 hours to 09:00 a.m. in Hong Kong, but held a weekly gain of 7.26%, according toCoinMarketCap data. The world’s largest cryptocurrency has jumped over 80% since the start of the year.\n• Bitcoin buyers ignored renewed criticism from U.S. investor Warren Buffet in aCNBC interviewon Wednesday, where he called the cryptocurrency a “gambling token” without intrinsic value.\n• Ethereum gained 1.10% to US$1,910, adding 0.79% for the week. The Shanghai upgrade of the Ethereum blockchain activated on Wednesday and allows investors to withdraw their staked Ether for the first time. Some analysts expect the upgrade may trigger a withdrawal of nearly US$2.3 billion worth of Ether, about 6% of the total value ofstaked Ether, according to a Wednesday Bloombergreport.\n• Litecoin led the losers in the top 10, dropping 2.45% to trade at US$92.23. The token is flat for the seven-day period.\n• XRP fell 2.06% to US$0.5041, but is still up 1.08% for the week. The U.S. Securities and Exchange Commission (SEC) filed aletteron Tuesday to support its case against Ripple Labs, which it has accused of offering unregistered securities in the form of XRP. The letter quoted the SEC’s case against investment adviser Commonwealth Equity Services, which involved violation of securities laws and saw the defendant’s fair notice argument rejected by the court.\n• Solana rose 2.49% to US$24.01, up 15.51% for the week. Solana Mobile, a subsidiary of Solana Labs, will release its first smartphoneSagaon Thursday, which integrates the Solana blockchain and allows users to make on-chain transactions, manage digital assets, and access a variety of decentralized apps.\n• The total crypto market capitalization dipped 0.52% in the past 24 hours to US$1.23 trillion. The total trading volume over the last 24 hours rose 13.33% to US$48.60 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.32% to 3,992.64 in the 24 hours to 09:00 a.m. in Hong Kong, but was still down 0.48% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. equities closed lower on Wednesday after minutes of the Fed’s meeting in March resurfaced concerns about a recession, while Buffet in the same CNBC interview warned the U.S. banking system could face further stresses after the recent failures of a trio of lenders. The Dow Jones Industrial Average dipped 0.11%, the S&P 500 moved 0.41% lower, and the Nasdaq Composite Index dropped 0.85%.\n• At the meeting on March 21 and 22, the Federal Reserve raised interest rates by 25 basis points and Fed officials projected the U.S. economy could enter a “mild recession” later this year. Several Fed officials considered leaving interest rates unchanged, noting the bank failures, but decided on the rate hike due to “elevated inflation.”\n• U.S. gross domestic product is expected to rise 2.9% in the second quarter of 2023, but to drop by 0.3% in the third quarter and 0.1% in the fourth, according to data fromTrading Economics.\n• U.S. CPIreleased Wednesday rose 5% on year in March, down from6%in February, and the smallest increase since May 2021. The number was lower than economists’ expectation of 5.2% and pointed to a slowing of inflation, but is still well above the Fed’s target rate of around 2%,Reutersreported on Thursday. Core CPI – excluding food and energy – moved up 5.6% on year, accelerating from February.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupexpect a 29.6% chance the Fed will not raise interest rates at its next meeting on May 3, while 70.4% predict a 25-basis-point rate hike, up from 66.9% on Wednesday.\n• U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dropped 0.12%. The S&P 500 futures dipped 0.10%. The Nasdaq Composite Index inched 0.02% lower.\nSee related article:Binance.US to delist TRX, price drops 5.4%', 'Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw\xa0mixed performances among the top 10 non-stablecoin cryptocurrencies. Ethereum gained following the blockchain’snetwork upgradeon Wednesday, seemingly shrugging off concerns the upgrade could bring selling pressure on the Ether token. Solana continued to lead the winners as investors anticipate itsfirst smartphone launchon Thursday. U.S. equities dropped on Wednesday after Federal Reserveminutesfrom March showed officials projecting a recession in the second half of 2023, while the U.S. consumer price index (CPI) in March indicated cooling but stubborn inflation.\nSee related article:Ethereum rolls out Shapella upgrade amid worries over price pressures\n• Bitcoin dropped 0.76% to US$30,008 in the 24 hours to 09:00 a.m. in Hong Kong, but held a weekly gain of 7.26%, according toCoinMarketCap data. The world’s largest cryptocurrency has jumped over 80% since the start of the year.\n• Bitcoin buyers ignored renewed criticism from U.S. investor Warren Buffet in aCNBC interviewon Wednesday, where he called the cryptocurrency a “gambling token” without intrinsic value.\n• Ethereum gained 1.10% to US$1,910, adding 0.79% for the week. The Shanghai upgrade of the Ethereum blockchain activated on Wednesday and allows investors to withdraw their staked Ether for the first time. Some analysts expect the upgrade may trigger a withdrawal of nearly US$2.3 billion worth of Ether, about 6% of the total value ofstaked Ether, according to a Wednesday Bloombergreport.\n• Litecoin led the losers in the top 10, dropping 2.45% to trade at US$92.23. The token is flat for the seven-day period.\n• XRP fell 2.06% to US$0.5041, but is still up 1.08% for the week. The U.S. Securities and Exchange Commission (SEC) filed aletteron Tuesday to support its case against Ripple Labs, which it has accused of offering unregistered securities in the form of XRP. The letter quoted the SEC’s case against investment adviser Commonwealth Equity Services, which involved violation of securities laws and saw the defendant’s fair notice argument rejected by the court.\n• Solana rose 2.49% to US$24.01, up 15.51% for the week. Solana Mobile, a subsidiary of Solana Labs, will release its first smartphoneSagaon Thursday, which integrates the Solana blockchain and allows users to make on-chain transactions, manage digital assets, and access a variety of decentralized apps.\n• The total crypto market capitalization dipped 0.52% in the past 24 hours to US$1.23 trillion. The total trading volume over the last 24 hours rose 13.33% to US$48.60 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.32% to 3,992.64 in the 24 hours to 09:00 a.m. in Hong Kong, but was still down 0.48% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. equities closed lower on Wednesday after minutes of the Fed’s meeting in March resurfaced concerns about a recession, while Buffet in the same CNBC interview warned the U.S. banking system could face further stresses after the recent failures of a trio of lenders. The Dow Jones Industrial Average dipped 0.11%, the S&P 500 moved 0.41% lower, and the Nasdaq Composite Index dropped 0.85%.\n• At the meeting on March 21 and 22, the Federal Reserve raised interest rates by 25 basis points and Fed officials projected the U.S. economy could enter a “mild recession” later this year. Several Fed officials considered leaving interest rates unchanged, noting the bank failures, but decided on the rate hike due to “elevated inflation.”\n• U.S. gross domestic product is expected to rise 2.9% in the second quarter of 2023, but to drop by 0.3% in the third quarter and 0.1% in the fourth, according to data fromTrading Economics.\n• U.S. CPIreleased Wednesday rose 5% on year in March, down from6%in February, and the smallest increase since May 2021. The number was lower than economists’ expectation of 5.2% and pointed to a slowing of inflation, but is still well above the Fed’s target rate of around 2%,Reutersreported on Thursday. Core CPI – excluding food and energy – moved up 5.6% on year, accelerating from February.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006. Analysts at theCME Groupexpect a 29.6% chance the Fed will not raise interest rates at its next meeting on May 3, while 70.4% predict a 25-basis-point rate hike, up from 66.9% on Wednesday.\n• U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dropped 0.12%. The S&P 500 futures dipped 0.10%. The Nasdaq Composite Index inched 0.02% lower.\nSee related article:Binance.US to delist TRX, price drops 5.4%', 'A look at the day ahead in European and global markets from Tom Westbrook The euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning. It is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria. The thinking goes that inflation will keep Europe\'s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe\'s blue-chip stocks also hit their highest in 22 years on Wednesday. Sterling is riding similar tailwinds. Earnings this week could test the dollar\'s downtrend as markets look for signals on consumer behaviour and signs of tightening credit. A surprise leap in Chinese exports in March may well suggest a global economy that\'s stronger than previously thought. British GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data. In Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension. Australian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch. But the minutes from last month\'s Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers\' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday. In a note titled "The Home Stretch", Goldman Sachs\' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month. Story continues Friday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury." Bitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer. Key developments that could influence markets on Thursday: Tesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI (Reporting by Tom Westbrook; Editing by Edmund Klamann)', 'A look at the day ahead in European and global markets from Tom Westbrook\nThe euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning.\nIt is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria.\nThe thinking goes that inflation will keep Europe\'s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe\'s blue-chip stocks also hit their highest in 22 years on Wednesday.\nSterling is riding similar tailwinds. Earnings this week could test the dollar\'s downtrend as markets look for signals on consumer behaviour and signs of tightening credit.\nA surprise leap in Chinese exports in March may well suggest a global economy that\'s stronger than previously thought.\nBritish GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data.\nIn Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension.\nAustralian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch.\nBut the minutes from last month\'s Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers\' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday.\nIn a note titled "The Home Stretch", Goldman Sachs\' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month.\nFriday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury."\nBitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer.\nKey developments that could influence markets on Thursday:\nTesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI\n(Reporting by Tom Westbrook; Editing by Edmund Klamann)', 'A look at the day ahead in European and global markets from Tom Westbrook The euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning. It is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria. The thinking goes that inflation will keep Europe\'s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe\'s blue-chip stocks also hit their highest in 22 years on Wednesday. Sterling is riding similar tailwinds. Earnings this week could test the dollar\'s downtrend as markets look for signals on consumer behaviour and signs of tightening credit. A surprise leap in Chinese exports in March may well suggest a global economy that\'s stronger than previously thought. British GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data. In Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension. Australian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch. But the minutes from last month\'s Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers\' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday. In a note titled "The Home Stretch", Goldman Sachs\' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month. Story continues Friday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury." Bitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer. (Graphic: Inflation - https://www.reuters.com/graphics/USA-STOCKS/zdvxdaxexvx/inflation.png) Key developments that could influence markets on Thursday: Tesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI (Reporting by Tom Westbrook; Editing by Edmund Klamann)', 'A look at the day ahead in European and global markets from Tom Westbrook\nThe euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning.\nIt is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria.\nThe thinking goes that inflation will keep Europe\'s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe\'s blue-chip stocks also hit their highest in 22 years on Wednesday.\nSterling is riding similar tailwinds. Earnings this week could test the dollar\'s downtrend as markets look for signals on consumer behaviour and signs of tightening credit.\nA surprise leap in Chinese exports in March may well suggest a global economy that\'s stronger than previously thought.\nBritish GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data.\nIn Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension.\nAustralian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch.\nBut the minutes from last month\'s Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers\' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday.\nIn a note titled "The Home Stretch", Goldman Sachs\' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month.\nFriday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury."\nBitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer.\n(Graphic: Inflation - https://www.reuters.com/graphics/USA-STOCKS/zdvxdaxexvx/inflation.png)\nKey developments that could influence markets on Thursday:\nTesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI\n(Reporting by Tom Westbrook; Editing by Edmund Klamann)', 'A look at the day ahead in European and global markets from Tom Westbrook The euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning. It is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria. The thinking goes that inflation will keep Europe\'s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe\'s blue-chip stocks also hit their highest in 22 years on Wednesday. Sterling is riding similar tailwinds. Earnings this week could test the dollar\'s downtrend as markets look for signals on consumer behaviour and signs of tightening credit. A surprise leap in Chinese exports in March may well suggest a global economy that\'s stronger than previously thought. British GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data. In Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension. Australian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch. But the minutes from last month\'s Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers\' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday. In a note titled "The Home Stretch", Goldman Sachs\' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month. Friday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury." Bitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer. (Graphic: Inflation - https://www.reuters.com/graphics/USA-STOCKS/zdvxdaxexvx/inflation.png) Key developments that could influence markets on Thursday: Story continues Tesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI (Reporting by Tom Westbrook; Editing by Edmund Klamann) View comments', 'A look at the day ahead in European and global markets from Tom Westbrook\nThe euro emerged as the clearest winner of slowing U.S. inflation and a watchful Fed. The common currency climbed 0.7% on Wednesday and was still going at $1.10 in the Asian morning.\nIt is up seven weeks in a row - the longest winning streak since the latter stages of 2020 when the dollar was falling and global markets were in a stimulus-soaked euphoria.\nThe thinking goes that inflation will keep Europe\'s central bankers more hawkish than their U.S. counterparts, although perhaps not by much. Europe\'s blue-chip stocks also hit their highest in 22 years on Wednesday.\nSterling is riding similar tailwinds. Earnings this week could test the dollar\'s downtrend as markets look for signals on consumer behaviour and signs of tightening credit.\nA surprise leap in Chinese exports in March may well suggest a global economy that\'s stronger than previously thought.\nBritish GDP and Tesco earnings later today offer another window on that, as will European industrial output and U.S. producer price data.\nIn Asia on Thursday, news of SoftBank selling out of Alibaba weighed on Hong Kong shares, as did the cratering stock price of property developer Sunac upon its resumption of trade after more than a year-long suspension.\nAustralian jobs surprised to the upside, and traders largely shrugged off another North Korean missile launch.\nBut the minutes from last month\'s Fed meeting, which was held in an atmosphere of heightened fears over bank stability, suggested that policymakers\' next moves will depend on credit conditions - and this will put more attention than usual on big U.S. bank earnings reports when they come out on Friday.\nIn a note titled "The Home Stretch", Goldman Sachs\' chief economist Jan Hatzius is sticking with an out-of-consensus call that a U.S. recession is not a foregone conclusion, noting that bank crisis risks have receded considerably in the past month.\nFriday will bring some colour on the situation from Citi, Wells Fargo and JP Morgan Chase, although the focus remains on regionals. Earlier in the week, shares fell at the Bank of South Carolina after it noted thin margins and "precipitous increases in our deposit costs to meet the intense competition amongst banks, brokerages, and the U.S. Treasury."\nBitcoin, meanwhile, marches on, scaling $30,000 this week for the first time since last summer.\n(Graphic: Inflation - https://www.reuters.com/graphics/USA-STOCKS/zdvxdaxexvx/inflation.png)\nKey developments that could influence markets on Thursday:\nTesco earnings, British Feb GDP, Eurozone industrial output, U.S. jobless claims and PPI\n(Reporting by Tom Westbrook; Editing by Edmund Klamann)', 'Ethereum\'s Shapella Upgrade Is Live \x97 Now What? Staked ETH can finally be withdrawn. At the time of writing, a total of 79,608 (~$153M) ETH have been withdrawn, and 704,732 ETH is in the exit queue waiting to be withdrawn. What now? Will ETH turbomoon or is the big dump incoming? Everything you need to know about the Shanghai Upgrade in a nutshell. How Did We Get Here We covered the Shanghai Upgrade in a comprehensive analysis a few weeks ago. The main points were: Ethereum finally becoming a full proof-of-stake chain. We cannot say with certainty which stakers prefer to take profit or lock in a loss More upgrades are still to come. The biggest question was whether the upgrade would be a "buy the news" or "sell the news" event. Even though the news was sort of pre-written already. Trading whale GCR asked his audience on Twitter and opinions were nicely split down the middle: The same goes for crypto analysts interviewed by CoinDesk . Sentiments ranged from: ... "clear sell the news\x94 (Henry Elder, head of decentralized finance at Wave Digital Assets)... ...over "traders dump their ETH" (Laurent Kssis, crypto trading adviser at CEC Capital)... ...to "reasonable to expect an ether-bitcoin [ETH/BTC] rally in the weeks following the completion of the event" (Sean Farrell, head of digital asset strategy at FundStrat). Glassnode published an on-chain analysis , saying that up to 170K ETH may be sold, although that is the
**Last 60 Days of Bitcoin's Closing Prices:**
[21788.20, 21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-13
**Financial & Commodity Data:**
- Gold Closing Price: $2041.30
- Crude Oil Closing Price: $82.16
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $587,535,726,662
- Hash Rate: 338032942.1664877
- Transaction Count: 332042.0
- Unique Addresses: 720191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Not everyone has suffered from the recent banking crisis. Crypto aficionados have emerged as a fortuitous winner, with Bitcoin, the largest cryptocurrency by market cap,soaringnearly 70% year to date.
Institutional traders believe the brutal year-long crypto winter has finally come to end, with the current macroeconomic backdrop reflecting a trend reversal.
Don’t Miss:Taking on the Trillion Dollar IoT Market: One Startup Says AI-Based Data Compaction Can Increase Bandwidth by 300%
Bitcoin hit anall-time highof $68,991 in November 2021 before the onset of the brutal crypto winter. But recent market conditions have resulted in investors singing a different tune, touting Bitcoin to be a safe-haven asset and a store of value. While many have heralded Bitcoin as a hedge against inflation, the Federal Reserve’saggressively hawkishstancecaused decentralized tokens to fall out of favor last year.
In the wake of the recent banking crisis, analysts predict the Fed will slow its rate hike trajectory. Bitcoin also has long been considered a store of value. Other popular cryptocurrencies includingEthereum(ETH/USD) and meme tokenDogecoin(DOGE/USD) have also fared well. Goldman Sachs stated recently that cryptocurrencies hold a 20% market share as a store of value.
Other blockchain-based assets have been performing strong as well.Gameflipis a gaming and NFT marketplace with over $160 million in lifetime volume on their platform. The startup also has a liveStartEngineraise,which means anyone can invest for a limited time. The startup is nearing $1 million raised in it’s current round from retail investors.
To stay updated with top startup news & investments,sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter
Last month’s banking crisis exposed the systemic weakness in the global banking system as behemoths, including the second-largest Swiss bankCredit Suisseand the then 16th-largest U.S. bankSilicon Valley Bank, closed their doors. The benefits of decentralized tokens have been highlighted in the wake of the recent bank failures, with many proclaiming Bitcoin to be the new digital gold.
“I think the rally is explicable by saying people have got freaked out by the banking system by the collapses,” said Oliver Linch, CEO of Bittrex Global.
Changpeng Zhao, co-founder and CEO ofBinance, considers Bitcoin to be better than gold.
As the crypto rally takes off, analysts and institutional investors are betting on Bitcoin to reach its all-time high again this year.
“I think Bitcoin probably breaks all-time highs this year,” said Marshall Beard, chief strategy officer of cryptocurrency exchange Gemini, adding that the cryptocurrency could hit the $100,000 mark.
See Also:The House-Printing Robot Shaking Up a $7.28 Trillion Industry
Vijay Ayyar, head of international at crypto exchange Luno, said, “Broadly, we are looking quite bullish here with Bitcoin reclaiming $28K and looking to target $30K next.”
On March 17, Balaji Srinivasan, former technology chief at crypto exchange Coinbase, bet $2 million that Bitcoin could cross $1 million in just 90 days, as hyperinflation kicks in. Notably, Bitcoin would have to surge by nearly 3,500% within the next three months to reach this mark.
The blockchain-based gaming market is expected to benefit from the crypto rally to hit a $50 billion valuation by 2025. This marks a 33 times rise from the $1.5 billion market size reported in 2021.
The Fed’s dovish stance is expected to fuel the bullish case for crypto, as decentralized currencies regain momentum. Typically Bitcoin has outperformed other major asset classes in a bull market.
"Any time that you've held Bitcoin in a four-year rolling interval, so you pick the day, hold it for four years, you've outperformed every other asset class," stated SkyBridge Capital Founder and Managing Partner Anthony Scaramucci.
But the disappointing jobs report and weak economic data published earlier this week has steered investors to reliable asset classes, including gold. As recession fears set in, crypto could see a massive influx of investments, as people continue to bet on decentralized assets.
To stay updated with top startup news & investments,sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter
The U.S. Treasury has deemed decentralized finance (DeFi) markets a threat to U.S. national security, citing the requirement of further regulatory oversight. This, coupled with the U.S. Commodity Futures Trading Commission’s lawsuit against Binance, signals significant regulatory headwinds ahead for the crypto industry. But as the U.S. dollar slides amid Fed’s easing monetary stance and macroeconomic jitters, Bitcoin might hold its position as the best-performing asset in 2023.
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This articleCrypto Bull Rally: Will Bitcoin Cross $100,000 In 2023?originally appeared onBenzinga.com
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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30485.70, 30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50, 27591.38
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether rose sharply a day after the Ethereum Shanghai upgrade; bitcoin was also on the rise toward $31K. Insights: The mass unlock of staked ETH that some crypto market observers predicted did not occur. Ether\'s price rose the prospects for Ethereum and liquid staking derivatives are encouraging. Prices CoinDesk Market Index (CMI) 1,327 +55.4 ▲ 4.4% Bitcoin (BTC) $30,844 +773.3 ▲ 2.6% Ethereum (ETH) $2,122 +214.5 ▲ 11.2% S&P 500 4,146.22 +54.3 ▲ 1.3% Gold $2,058 +47.4 ▲ 2.4% Nikkei 225 28,156.97 +74.3 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,327 +55.4 ▲ 4.4% Bitcoin (BTC) $30,844 +773.3 ▲ 2.6% Ethereum (ETH) $2,122 +214.5 ▲ 11.2% S&P 500 4,146.22 +54.3 ▲ 1.3% Gold $2,058 +47.4 ▲ 2.4% Nikkei 225 28,156.97 +74.3 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Surges Past $2.1K; Bitcoin Inches Toward $31K Crypto market observers expecting post-Shapella selling pressure to send ether\'s (ETH) price plunging slogged through a day of disappointment. The second-largest cryptocurrency by market capitalization started edging up steadily shortly before U.S. equity markets opened, stalling only after ETH\'s price had climbed past $2,000 for the first time since August. Ether was recently trading over $2,100, up more than 11% over the past 24 hours, as investors opted for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. "Many traders had been waiting for the end of the upgrade to start long position accumulation," Ilya Volkov, CEO and co-founder of crypto trading service provider YouHodler, wrote CoinDesk in an email. "Therefore, neutral news about U.S. inflation plus deferred demand pushed ETH price up." Story continues Volkov noted that if current macroeconomic conditions don\'t worsen, It is unlikely that ether will veer from a price upswing that began with other major cryptos at the start of the year, even if selling pressure increases in subsequent weeks. "Basically, ETH price stays in the same upward trend channel from the beginning of the year," he wrote. Shapella, also called the Ethereum Shanghai upgrade, is the final leg in the Ethereum network’s transition from a proof-of-work (PoW) to more energy-efficient proof-of-stake (PoS) protocol. Crypto market observers had been split on its impact, with some predicting a price swing while others anticipated little change. Bitcoin also continued its more moderately paced momentum, recently edging toward $31,000, up more than 2.5% from Monday at the same time. Other major cryptos spent much of Thursday in the green with ARB, the token of layer 2 companion blockchain Arbitrum, recently soaring about 33% and APT, the native crypto of layer 1 blockchain Aptos, jumping about 12%. The CoinDesk Index , a measure of crypto markets performance, was recently up nearly 5%. Stocks closed higher with the tech-focused Nasdaq and S&P 500, which has a large tech component, rising 2% and 1.3%, respectively. A number of crypto-related stocks continued their recent upswing with miners Marathon Digital and Hut 8 Mining each rising about 15%. Recession-fearful Investors also continued to show their appetite for other assets that hold their value, sending gold above $2,050, near its all-time high of $2,069, set in 2020. Will ether continue to rise? CoinDesk analyst Glenn Williams suggested that ETH deposits would offer some signals about its path forward. Since January 2021 "the trajectory of ether deposited into ETH staking contracts has steadily risen, a direction that suggests the asset is gaining, not losing, favor," Williams wrote. "Over the coming weeks and months, this metric will likely flatten as investors who must un-stake ETH begin the process of doing so. But for those who want to stake, Shapella’s completion signals reduced risk, increased liquidity and brought an uptick in asset value." Biggest Gainers Asset Ticker Returns DACS Sector Ethereum ETH +11.1% Smart Contract Platform Dogecoin DOGE +7.8% Currency Cardano ADA +6.8% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Why Didn’t You Sell the News of Ethereum’s Shanghai Upgrade? Going by the numbers, it seems like many ether (ETH) stakers have decided to hold onto their coins. Although several analysts predicted the just-completed Ethereum Shanghai hard fork (along with the separate Capella upgrade, together known as “Shapella”) would be a “sell-the-news” moment, ETH has actually climbed to eight-month highs. The second-largest crypto by market capitalization was trading above $2,000 for the first time since last summer, after gaining ~3% during trading hours in Asia. This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . What this says about the viability of Ethereum and the outlook for the price of ETH is an open question. Shanghai, the backward-compatible hard fork, unlocked the ability for Ethereum stakers to withdraw tokens they pledged to the Ethereum deposit contract used to validate the proof-of-stake network, as well as the token payments they received for doing so. Many stakers initially pledged 32 ETH to become validators in 2020, and haven’t really had access to their coins since. So the 18 million-plus ETH currently staked (worth about $33 billion) has not led to a torrent of sales. Loyal CoinDesk readers likely knew the “selling pressure” on ETH was overstated . As Amphibian Capital CEO James Hodges wrote on Monday, the vast majority of ETH validators were in the red leading up to the event, making it unlikely they’d cash out at a loss. Now that crypto prices are rising, led in particular by bitcoin, which broke the important $30,000 threshold this week, fortunes may reverse. Read the full story here . Important events HashKey, Wanxiang HK Web3 Festival NFT.NYC 2023 ETHGlobal Tokyo CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Crosses $2K After Shanghai Upgrade; Will Internet Giants Dominate the Metaverse? Ethereum\'s Shanghai upgrade is complete and the network is now processing staking withdrawals. Joining "First Mover" to discuss Shapella, as the upgrade is also called, is a senior protocol engineer at Ethereum client Besu, Justin Florentine. Also, internet giants and their metaverse moves are getting some regulators concerned. Sebastien Borget, co-founder and chief operating officer of The Sandbox, joined to discuss. Plus, the latest in the FTX bankruptcy case and a closer look at the crypto scene in South Korea. Headlines ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury: Rook Labs and activist investors reached a deal that returns millions of dollars to the former DAO. Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High: ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data. Ether Price Swings Upward After Ethereum Upgrade, but What About the Future?: The price increase addresses the question of whether ether would rise or fall following the completion of the hard fork. Bitcoin Miner Stocks Continue Torrid Run as $30K Level Holds: Fresh economic data Thursday morning suggested slowing in both inflation and the employment picture. Exploit Involving Aave and Yearn Helped Users Make Money: The exploiter paid back Aave users’ USDT debts on its v1 markets, making the total USDT borrowed stand at zero.', 'Bitcoin moved higher in the US$30,000 band in Friday morning trading in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ethereum led the winners following the blockchain\x92s Shanghai hard fork this week, jumping almost 10% and breaching the US$2,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. See related article: Musk\x92s Twitter partners with eToro to offer crypto and stocks to users Fast facts Bitcoin rose 2.54% to US$30,769 in the 24 hours to 09:00 a.m. in Hong Kong to post a weekly gain of 9.47%, according to CoinMarketCap data . The leading cryptocurrency has gained 83% so far this year as it seemed to rediscover a role as a hedge against inflation and recession and looks set to test US$31,000 as it moved within a couple of hundred dollars of that ceiling in later morning trading in Asia. Bitcoin also found support after the London Stock Exchange Group plc. on Thursday said it had partnered with GFO-X \x96 the UK\x92s first regulated and centrally cleared trading venue for digital asset derivatives \x96 to provide the country\x92s first trading and clearing services for Bitcoin index derivatives, according to Reuters on Friday. Ethereum jumped 9.97% to US$2,100, adding 11.66% for the week after the network\x92s Shanghai upgrade, which allows investors to withdraw their staked Ether for the first time. Etheruem holders have so far withdrawn around 215,000 staked Ether, while another 961,000 withdrawals are pending, according to data from Token Unlocks , which accounts for about 6% of the total staked Ether. Earlier speculation that the Shanghai upgrade may lead to a flood of selling and depress the price of the token isn\x92t panning out, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. Even if Ether are unstaked, it doesn\x92t necessarily mean that people are going to sell them, because they could also use it for other DeFi investments, he said. Dogecoin jumped 6.25% to US$0.0885 to hold a weekly gain of 2.79%, after multi asset trading platform eToro announced on Thursday a partnership with Elon Musk\x92s Twitter to enable cryptocurrency and stock trading on the world\x92s leading social media platform. Cardano rose 4.54% to US$0.4264, moving up 11.00% for the week. Cardano Foundation launched the alpha phase of Aiken on Thursday, an open-source smart contract language and toolchain that aims to simplify smart contract developments on the Cardano blockchain, according to the company. The total crypto market capitalization rose 3.85% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours edged down 0.05% to US$48.58 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.82% to 4,017.62 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 0.32% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. equities closed higher on Thursday after economic data pointed to a slowdown in inflation. The Dow Jones Industrial Average added 1.14%, the S&P 500 moved up 1.33%, and the Nasdaq Composite Index rose 1.99%. U.S. PPI in March rose but at a 2.7% pace, or lower than the expected 3% to mark the smallest increase since January 2021, according to Reuters on Thursday. U.S. weekly jobless claims also pointed to a slowing economy with the figure of 239,000, higher than analysts\x92 expectation of 235,000, according to a Bloomberg report . Investor sentiment also got a lift from an unexpected surge in China exports in March , which jumped 14.8% from last year, well beyond the expectation of a 7% decrease, according to Reuters . U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at the CME Group now see a 33.5% chance the Fed will not raise interest rates at its next meeting on May 3, while 66.5% predict a 25-basis-point rate hike, down from 70.4% on Thursday. U.S. stock futures traded mixed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.09%. The S&P 500 futures gained 0.05%. The Nasdaq Composite Index inched 0.02% higher. See related article: Binance chief says unclear crypto regulation \x91the worst\x92', 'Bitcoin moved higher in the US$30,000 band in Friday morning trading in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ethereum led the winners following the blockchain’sShanghai hard forkthis week, jumping almost 10% and breaching the US$2,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.\nSee related article:Musk’s Twitter partners with eToro to offer crypto and stocks to users\n• Bitcoin rose 2.54% to US$30,769 in the 24 hours to 09:00 a.m. in Hong Kong to post a weekly gain of 9.47%, according toCoinMarketCap data. The leading cryptocurrency has gained 83% so far this year as it seemed to rediscover a role as a hedge against inflation and recession and looks set to test US$31,000 as it moved within a couple of hundred dollars of that ceiling in later morning trading in Asia.\n• Bitcoin also found support after the London Stock Exchange Group plc. on Thursdaysaidit had partnered withGFO-X– the UK’s first regulated and centrally cleared trading venue for digital asset derivatives – to provide the country’s first trading and clearing services for Bitcoin index derivatives, according toReuterson Friday.\n• Ethereum jumped 9.97% to US$2,100, adding 11.66% for the week after the network’s Shanghai upgrade, which allows investors to withdraw their staked Ether for the first time. Etheruem holders have so far withdrawn around 215,000 staked Ether, while another 961,000 withdrawals are pending, according to data fromToken Unlocks, which accounts for about 6% of the total staked Ether.\n• Earlier speculation that the Shanghai upgrade may lead to a flood of selling and depress the price of the token isn’t panning out, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. Even if Ether are unstaked, it doesn’t necessarily mean that people are going to sell them, because they could also use it for other DeFi investments, he said.\n• Dogecoin jumped 6.25% to US$0.0885 to hold a weekly gain of 2.79%, after multi asset trading platform eToroannouncedon Thursday a partnership with Elon Musk’s Twitter to enable cryptocurrency and stock trading on the world’s leading social media platform.\n• Cardano rose 4.54% to US$0.4264, moving up 11.00% for the week. Cardano Foundationlaunchedthe alpha phase ofAikenon Thursday, an open-source smart contract language and toolchain that aims to simplify smart contract developments on the Cardano blockchain, according to the company.\n• The total crypto market capitalization rose 3.85% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours edged down 0.05% to US$48.58 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.82% to 4,017.62 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 0.32% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. equities closed higher on Thursday after economic data pointed to a slowdown in inflation. The Dow Jones Industrial Average added 1.14%, the S&P 500 moved up 1.33%, and the Nasdaq Composite Index rose 1.99%.\n• U.S. PPIin March rose but at a 2.7% pace, or lower than the expected 3% to mark the smallest increase since January 2021, according toReuterson Thursday. U.S. weeklyjobless claimsalso pointed to a slowing economy with the figure of 239,000, higher than analysts’ expectation of 235,000, according to aBloomberg report.\n• Investor sentiment also got a lift from an unexpected surge inChina exports in March, which jumped 14.8% from last year, well beyond the expectation of a 7% decrease, according toReuters.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at theCME Groupnow see a 33.5% chance the Fed will not raise interest rates at its next meeting on May 3, while 66.5% predict a 25-basis-point rate hike, down from 70.4% on Thursday.\n• U.S. stock futures traded mixed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.09%. The S&P 500 futures gained 0.05%. The Nasdaq Composite Index inched 0.02% higher.\nSee related article:Binance chief says unclear crypto regulation ‘the worst’', 'Bitcoin moved higher in the US$30,000 band in Friday morning trading in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ethereum led the winners following the blockchain’sShanghai hard forkthis week, jumping almost 10% and breaching the US$2,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation.\nSee related article:Musk’s Twitter partners with eToro to offer crypto and stocks to users\n• Bitcoin rose 2.54% to US$30,769 in the 24 hours to 09:00 a.m. in Hong Kong to post a weekly gain of 9.47%, according toCoinMarketCap data. The leading cryptocurrency has gained 83% so far this year as it seemed to rediscover a role as a hedge against inflation and recession and looks set to test US$31,000 as it moved within a couple of hundred dollars of that ceiling in later morning trading in Asia.\n• Bitcoin also found support after the London Stock Exchange Group plc. on Thursdaysaidit had partnered withGFO-X– the UK’s first regulated and centrally cleared trading venue for digital asset derivatives – to provide the country’s first trading and clearing services for Bitcoin index derivatives, according toReuterson Friday.\n• Ethereum jumped 9.97% to US$2,100, adding 11.66% for the week after the network’s Shanghai upgrade, which allows investors to withdraw their staked Ether for the first time. Etheruem holders have so far withdrawn around 215,000 staked Ether, while another 961,000 withdrawals are pending, according to data fromToken Unlocks, which accounts for about 6% of the total staked Ether.\n• Earlier speculation that the Shanghai upgrade may lead to a flood of selling and depress the price of the token isn’t panning out, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. Even if Ether are unstaked, it doesn’t necessarily mean that people are going to sell them, because they could also use it for other DeFi investments, he said.\n• Dogecoin jumped 6.25% to US$0.0885 to hold a weekly gain of 2.79%, after multi asset trading platform eToroannouncedon Thursday a partnership with Elon Musk’s Twitter to enable cryptocurrency and stock trading on the world’s leading social media platform.\n• Cardano rose 4.54% to US$0.4264, moving up 11.00% for the week. Cardano Foundationlaunchedthe alpha phase ofAikenon Thursday, an open-source smart contract language and toolchain that aims to simplify smart contract developments on the Cardano blockchain, according to the company.\n• The total crypto market capitalization rose 3.85% in the past 24 hours to US$1.28 trillion. The total trading volume over the last 24 hours edged down 0.05% to US$48.58 billion.\n• In the non-fungible token (NFT) market, the Forkast 500 NFT index added 0.82% to 4,017.62 in the 24 hours to 09:00 a.m. in Hong Kong, moving up 0.32% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed byCryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.\n• U.S. equities closed higher on Thursday after economic data pointed to a slowdown in inflation. The Dow Jones Industrial Average added 1.14%, the S&P 500 moved up 1.33%, and the Nasdaq Composite Index rose 1.99%.\n• U.S. PPIin March rose but at a 2.7% pace, or lower than the expected 3% to mark the smallest increase since January 2021, according toReuterson Thursday. U.S. weeklyjobless claimsalso pointed to a slowing economy with the figure of 239,000, higher than analysts’ expectation of 235,000, according to aBloomberg report.\n• Investor sentiment also got a lift from an unexpected surge inChina exports in March, which jumped 14.8% from last year, well beyond the expectation of a 7% decrease, according toReuters.\n• U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006, and analysts at theCME Groupnow see a 33.5% chance the Fed will not raise interest rates at its next meeting on May 3, while 66.5% predict a 25-basis-point rate hike, down from 70.4% on Thursday.\n• U.S. stock futures traded mixed as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average dipped 0.09%. The S&P 500 futures gained 0.05%. The Nasdaq Composite Index inched 0.02% higher.\nSee related article:Binance chief says unclear crypto regulation ‘the worst’', 'High-profile tech entrepreneur Bob Lee was stabbed to death outside a luxury apartment building in San Francisco in the early hours of 4 April. The 43-year-old was found at 2.35am outside a luxury high rise apartment on the 300 block of Main St, near Rincon Hill and the Bay Bridge, with life-threatening stab wounds, the San Francisco Police Department said in a statement. The tech executive was treated at the scene by first responders before being rushed to hospital where he died from his injuries, police said. Police arrested fellow tech executive Nima Momeni on 13 April in connection with the killing and he was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Here’s what we know so far about the murder. Random attack? The San Francisco Police Department said in a statement that Lee was found with two stab wounds to the chest in Downtown San Francisco between Soma and the Financial District, a block from Google’s San Francisco headquarters. Cash App creator Bob Lee has reportedly been stabbed to death in San Francisco (MobileCoin) Friend and MMA fighter Jake Shields tweeted that Lee appeared to have been the victim of a random mugging in the “good part of the city”. The tweet caught the attention of Twitter CEO Elon Musk, who offered his condolences and called on San Francisco district attorney Brooke Jenkins to take tougher action against violent criminals. “Many people I know have been severely assaulted,” Mr Musk tweeted . “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat violent offenders Brooke Jenkins?” Elon Musk has been a frequent critic of efforts to reform criminal justice in San Francisco (Associated Press) Ms Jenkins later tweeted her “sincerest condolences” to Lee’s grief-stricken family and friends. “We do not tolerate these horrific acts of violence in San Francisco,” she added. Responding to Mr Musk, she said: “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.” Story continues San Francisco Police have not made any arrests , and haven’t provided any details of suspects. San Francisco police chief William Scott declined to say whether the stabbing was a random attack in his first public comments at a Police Commission\xa0meeting on Wednesday night, The San Francisco Standard reported. At the same meeting San Francisco Police Commissioner Kevin Benedicto said it was “premature and distasteful to try to fit this horrifying act of violence into a preconceived narrative and use it to advance a political agenda”. Chief Scott later released a statement saying that the investigation was “still in the early stages” and extended his condolences to “the family, friends and loved ones of Mr Lee.” “There is no place for violent crime against anyone in our city,” Mr Scott said. “I want to assure everyone that our investigators are working tirelessly to make an arrest and bring justice to Mr Lee and his loved ones, just as we try to do on every homicide that occurs in our city.” Onlookers ignored Lee’s plea for help Surveillance footage appears to capture Lee approach a parked car clutching one side of his body and bleeding heavily from stab wounds. The 43-year-old father of two lifts his shirt to show the driver the extent of his injuries , but rather than help, the motorist speeds off. Those last tragic moments as he stumbled down Main St in San Francisco’s downtown district at 2.30am on Tuesday in search of help were caught on CCTV and viewed by journalists from The San Francisco Standard . The footage did not capture the stabbing, but shows Lee walking along a deserted sidewalk on Main St with his mobile phone in one hand and holding his side with the other, The Standard reports. Bob Lee, who founded the Cash App, was stabbed to death in the early hours of Tuesday morning in San Francisco (Twitter / Bob Lee) The Cash App founder then crosses at the intersection with Harrison St toward where a white Toyota Camry with flashing lights is parked. The footage reportedly shows Lee lift up his shirt in a plea for help, and then fall to the ground as the driver pulls away. Lee then gets back to his feet and starts to retraces his steps along Main St in the direction of the Bay Bridge before collapsing again outside of the Portside apartment building at 403 Main St. Lee could be heard pleading for help on a 911 call made at 2.34am, according to The Standard. The news site reported that it witnessed staff members cleaning what appeared to be blood from the side of the building on Wednesday. Father says he lost his ‘best friend’ In a Facebook post on Wednesday, Lee’s grieving father Rick Lee described the slain tech mogul as his “best friend”. Mr Lee Sr wrote that the pair had lived together in Mill Valley, California, since the death of his wife in 2019, before relocating to Miami in October last year. “Bob would give you the shirt off his back. He would never look down on anyone and adhered to a strict no-judgment philosophy,” his father wrote. Rick Lee wrote that “life has been an adventure with two bachelors living together”, and the pair had grown close in recent years: “Bobby worked harder than anyone and was the smartest person I have ever known. He will be missed by all those that knew him.” Bob Lee pictured at the New York Stock Exchange in 2015 on the day that Square, now known as Block, listed as a public company (Facebook / Bob Lee) Bob Lee’s brother Tim wrote in a separate post that he was “saddened and disheartened” over the senseless slaying. Lee reportedly separate from his wife Krista in 2019. They have two daughters Dagny and Scout. ‘Crazy Bob’ Bob Lee was a much-loved member of the San Francisco tech community, where he was affectionately known as Crazy Bob. After working as an open source code developer in Missouri, where he attended St Louis University, Lee moved to San Francisco in his early 20s in 2004 to work as an engineer at Google, according to the San Francisco Standard. There he led a team that developed the first Android app. Lee was headhunted by Square, becoming its 13th employee, where he helped launch the Cash App and became the payment firm’s first chief technology officer in 2011, a Linkedin profile shows. Bob Lee, known to his friends as ‘Crazy Bob’, was knifed to death in central San Francisco early on Tuesday morning (Twitter / Bob Lee) After leaving Square in 2014, he invested in several tech startups including Clubhouse, Beeper and Faire, and the female-focused social media and networking company Present. He identified as a “stay at home dad” in an online blog post during this period. In 2021, Lee joined MobileCoin, a crypto payment firm, as its chief product officer. Stabbing shakes San Francisco tech community Lee’s former boss Jack Dorsey was one of a many well known San Francisco tech entrepreneurs to express their shock and grief at his death. “It’s real,” Mr Dorsey wrote on his social network Nostr . “Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy,” he wrote, in an apparent reference to Lee’s hometown of St Louis. MobileCoin CEO Joshua Goldbard wrote that Lee was an “incredible human being”. “Bob was so much more than a technologist. Bob was an artist. Everywhere he went Bob breathed love into this world. He had so much deep heartfelt love. Traveling with Bob was like seeing the world for the first time,” Mr Goldbard wrote. “As a lifelong Bay Area resident I have more questions than answers tonight. I don’t know how to fix what’s wrong, but I know something isn’t working in our grey city,” he added. Tributes poured in for the slain tech founder from his many friends in Silicon Valley and beyond. Jack Dorsey at the Bitcoin 2021 conference in Miami, Florida (Marco Bello/AFP via Getty Images) “He was a generous decent human being who didn’t deserve to be killed,” Bill Barhydt, CEO of Abra, posted on Twitter. “So sad to hear of @crazybob’s untimely passing,” Figma CEO Dylan Field wrote on Twitter. “I first met him in summer 2006 — he didn’t care that I was only 14 and we talked tech / geeked out about programming. We remained connected over the years and he was an early supporter of Figma. It’s so hard to believe he is gone.” Other Silicon Valley executives laid the blame for Lee’s death on Mayor London Breed and the city’s Board of Supervisors. “Congratulations, your policies have claimed another life,” wrote Alan Alden, a Palo Alto financier who was friends with Lee. Venture capitalist Matt Ocko, another friend, wrote on Twitter that “Chesa Boudin, & the criminal-loving city council that enabled him & a lawless SF for years, have Bob’s literal blood on their hands”. On the San Francisco Reddit forum , friends and acquaintances of Lee expressed frustration at “all the needless violence”. “Something seriously needs to change in this city,” one wrote. Crime in San Francisco San Francisco is often portrayed as a lawless city where drug use and homelessness have fueled a surge in violent crime and robberies. That narrative led in part to former District Attorney Chesa Boudin being ousted in a recall election in June last year, after he sought to eliminate cash bail and reduce the prison population. Ms Jenkins took over as District Attorney on a platform of balancing criminal justice reform while making stiffer penalties for violent offenders, and won re-election last November, Members of the San Francisco Homeless Outreach Team’s Encampment Resolution Team speak to with homeless people in San Francisco in 2022 (file) (Associated Press.) Figures from the San Francisco Police Department’s crime reports show the situation is more complicated than often portrayed. While some violent crime began increasing during the pandemic, rates were still much lower than in previous years. In 2022, homicide rates remained flat at 55, exactly the same number as the previous year. Homicides hit a 56-year low in the city in 2019, when 41 people were killed in the city. There have been 12 homicides in the city so far in 2023, preliminary data shows. Aggravated assault, robbery and rape increased in 2022, but was still much lower than in 2016, 2017 and 2018, according to San Francisco crime statistics. A suspect arrested more than a week after attack San Francisco police reportedly fellow tech executive Nima Momeni in connection with the fatal stabbing of Cash App founder Bob Lee on 13 April. Lee, 43, died in San Francisco General Hospital on Tuesday 4 April after being stabbed in the Rincon Hill neighbourhood of San Francisco. Mr Momeni was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Bob Lee’s wife says that the suspect in her husband’s killing is a man from Emeryville, California, reported KTVU. “This is the first step toward justice,” Ms Lee said from her home in Miami, where Bob Lee had moved from Mill Valley, California, last year.', 'High-profile tech entrepreneur Bob Lee was stabbed to death outside a luxury apartment building in San Francisco in the early hours of 4 April. The 43-year-old was found at 2.35am outside a luxury high rise apartment on the 300 block of Main St, near Rincon Hill and the Bay Bridge, with life-threatening stab wounds, the San Francisco Police Department said in a statement. The tech executive was treated at the scene by first responders before being rushed to hospital where he died from his injuries, police said. Police arrested fellow tech executive Nima Momeni on 13 April in connection with the killing and he was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Here’s what we know so far about the murder. Random attack? The San Francisco Police Department said in a statement that Lee was found with two stab wounds to the chest in Downtown San Francisco between Soma and the Financial District, a block from Google’s San Francisco headquarters. Cash App creator Bob Lee has reportedly been stabbed to death in San Francisco (MobileCoin) Friend and MMA fighter Jake Shields tweeted that Lee appeared to have been the victim of a random mugging in the “good part of the city”. The tweet caught the attention of Twitter CEO Elon Musk, who offered his condolences and called on San Francisco district attorney Brooke Jenkins to take tougher action against violent criminals. “Many people I know have been severely assaulted,” Mr Musk tweeted . “Violent crime in SF is horrific and even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat violent offenders Brooke Jenkins?” Elon Musk has been a frequent critic of efforts to reform criminal justice in San Francisco (Associated Press) Ms Jenkins later tweeted her “sincerest condolences” to Lee’s grief-stricken family and friends. “We do not tolerate these horrific acts of violence in San Francisco,” she added. Responding to Mr Musk, she said: “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.” Story continues San Francisco Police have not made any arrests , and haven’t provided any details of suspects. San Francisco police chief William Scott declined to say whether the stabbing was a random attack in his first public comments at a Police Commission\xa0meeting on Wednesday night, The San Francisco Standard reported. At the same meeting San Francisco Police Commissioner Kevin Benedicto said it was “premature and distasteful to try to fit this horrifying act of violence into a preconceived narrative and use it to advance a political agenda”. Chief Scott later released a statement saying that the investigation was “still in the early stages” and extended his condolences to “the family, friends and loved ones of Mr Lee.” “There is no place for violent crime against anyone in our city,” Mr Scott said. “I want to assure everyone that our investigators are working tirelessly to make an arrest and bring justice to Mr Lee and his loved ones, just as we try to do on every homicide that occurs in our city.” Onlookers ignored Lee’s plea for help Surveillance footage appears to capture Lee approach a parked car clutching one side of his body and bleeding heavily from stab wounds. The 43-year-old father of two lifts his shirt to show the driver the extent of his injuries , but rather than help, the motorist speeds off. Those last tragic moments as he stumbled down Main St in San Francisco’s downtown district at 2.30am on Tuesday in search of help were caught on CCTV and viewed by journalists from The San Francisco Standard . The footage did not capture the stabbing, but shows Lee walking along a deserted sidewalk on Main St with his mobile phone in one hand and holding his side with the other, The Standard reports. Bob Lee, who founded the Cash App, was stabbed to death in the early hours of Tuesday morning in San Francisco (Twitter / Bob Lee) The Cash App founder then crosses at the intersection with Harrison St toward where a white Toyota Camry with flashing lights is parked. The footage reportedly shows Lee lift up his shirt in a plea for help, and then fall to the ground as the driver pulls away. Lee then gets back to his feet and starts to retraces his steps along Main St in the direction of the Bay Bridge before collapsing again outside of the Portside apartment building at 403 Main St. Lee could be heard pleading for help on a 911 call made at 2.34am, according to The Standard. The news site reported that it witnessed staff members cleaning what appeared to be blood from the side of the building on Wednesday. Father says he lost his ‘best friend’ In a Facebook post on Wednesday, Lee’s grieving father Rick Lee described the slain tech mogul as his “best friend”. Mr Lee Sr wrote that the pair had lived together in Mill Valley, California, since the death of his wife in 2019, before relocating to Miami in October last year. “Bob would give you the shirt off his back. He would never look down on anyone and adhered to a strict no-judgment philosophy,” his father wrote. Rick Lee wrote that “life has been an adventure with two bachelors living together”, and the pair had grown close in recent years: “Bobby worked harder than anyone and was the smartest person I have ever known. He will be missed by all those that knew him.” Bob Lee pictured at the New York Stock Exchange in 2015 on the day that Square, now known as Block, listed as a public company (Facebook / Bob Lee) Bob Lee’s brother Tim wrote in a separate post that he was “saddened and disheartened” over the senseless slaying. Lee reportedly separate from his wife Krista in 2019. They have two daughters Dagny and Scout. ‘Crazy Bob’ Bob Lee was a much-loved member of the San Francisco tech community, where he was affectionately known as Crazy Bob. After working as an open source code developer in Missouri, where he attended St Louis University, Lee moved to San Francisco in his early 20s in 2004 to work as an engineer at Google, according to the San Francisco Standard. There he led a team that developed the first Android app. Lee was headhunted by Square, becoming its 13th employee, where he helped launch the Cash App and became the payment firm’s first chief technology officer in 2011, a Linkedin profile shows. Bob Lee, known to his friends as ‘Crazy Bob’, was knifed to death in central San Francisco early on Tuesday morning (Twitter / Bob Lee) After leaving Square in 2014, he invested in several tech startups including Clubhouse, Beeper and Faire, and the female-focused social media and networking company Present. He identified as a “stay at home dad” in an online blog post during this period. In 2021, Lee joined MobileCoin, a crypto payment firm, as its chief product officer. Stabbing shakes San Francisco tech community Lee’s former boss Jack Dorsey was one of a many well known San Francisco tech entrepreneurs to express their shock and grief at his death. “It’s real,” Mr Dorsey wrote on his social network Nostr . “Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy,” he wrote, in an apparent reference to Lee’s hometown of St Louis. MobileCoin CEO Joshua Goldbard wrote that Lee was an “incredible human being”. “Bob was so much more than a technologist. Bob was an artist. Everywhere he went Bob breathed love into this world. He had so much deep heartfelt love. Traveling with Bob was like seeing the world for the first time,” Mr Goldbard wrote. “As a lifelong Bay Area resident I have more questions than answers tonight. I don’t know how to fix what’s wrong, but I know something isn’t working in our grey city,” he added. Tributes poured in for the slain tech founder from his many friends in Silicon Valley and beyond. Jack Dorsey at the Bitcoin 2021 conference in Miami, Florida (Marco Bello/AFP via Getty Images) “He was a generous decent human being who didn’t deserve to be killed,” Bill Barhydt, CEO of Abra, posted on Twitter. “So sad to hear of @crazybob’s untimely passing,” Figma CEO Dylan Field wrote on Twitter. “I first met him in summer 2006 — he didn’t care that I was only 14 and we talked tech / geeked out about programming. We remained connected over the years and he was an early supporter of Figma. It’s so hard to believe he is gone.” Other Silicon Valley executives laid the blame for Lee’s death on Mayor London Breed and the city’s Board of Supervisors. “Congratulations, your policies have claimed another life,” wrote Alan Alden, a Palo Alto financier who was friends with Lee. Venture capitalist Matt Ocko, another friend, wrote on Twitter that “Chesa Boudin, & the criminal-loving city council that enabled him & a lawless SF for years, have Bob’s literal blood on their hands”. On the San Francisco Reddit forum , friends and acquaintances of Lee expressed frustration at “all the needless violence”. “Something seriously needs to change in this city,” one wrote. Crime in San Francisco San Francisco is often portrayed as a lawless city where drug use and homelessness have fueled a surge in violent crime and robberies. That narrative led in part to former District Attorney Chesa Boudin being ousted in a recall election in June last year, after he sought to eliminate cash bail and reduce the prison population. Ms Jenkins took over as District Attorney on a platform of balancing criminal justice reform while making stiffer penalties for violent offenders, and won re-election last November, Members of the San Francisco Homeless Outreach Team’s Encampment Resolution Team speak to with homeless people in San Francisco in 2022 (file) (Associated Press.) Figures from the San Francisco Police Department’s crime reports show the situation is more complicated than often portrayed. While some violent crime began increasing during the pandemic, rates were still much lower than in previous years. In 2022, homicide rates remained flat at 55, exactly the same number as the previous year. Homicides hit a 56-year low in the city in 2019, when 41 people were killed in the city. There have been 12 homicides in the city so far in 2023, preliminary data shows. Aggravated assault, robbery and rape increased in 2022, but was still much lower than in 2016, 2017 and 2018, according to San Francisco crime statistics. A suspect arrested more than a week after attack San Francisco police reportedly fellow tech executive Nima Momeni in connection with the fatal stabbing of Cash App founder Bob Lee on 13 April. Lee, 43, died in San Francisco General Hospital on Tuesday 4 April after being stabbed in the Rincon Hill neighbourhood of San Francisco. Mr Momeni was booked into the San Francisco Sheriff’s Jail. The reported arrest has yet to be officially confirmed by the San Francisco Police Department. Bob Lee’s wife says that the suspect in her husband’s killing is a man from Emeryville, California, reported KTVU. “This is the first step toward justice,” Ms Lee said from her home in Miami, where Bob Lee had moved from Mill Valley, California, last year.', "Brendan McDermid/Reuters US stocks jumped on Thursday on more signs of falling inflation and a cooling labor market. Investors cheered data that showed a big drop in the Producer Price Index in March. All three major indexes ended higher, with the S&P 500 notching its best day since February. US stocks jumped on Thursday amid more signs of falling inflation and and a softening labor market, paving the way for the Federal Reserve to possibly pull back on its rate hike campaign. The three major indexes ended the session with a gain, with the Dow Jones Industrial Average gaining almost 400 points and the S&P 500 enjoying its best day since February. Investors cheered a steep decline in the producer price index in March. Wholesale inflation tumbled to 2.7% on an annualized, its lowest level since January 2021. Meanwhile, weekly jobless claims clocked in at 239,000 on April 8, over economists' estimates of 235,000. The new batch of data is offering more signs of a cooling economy, after the Fed hiked rates aggressively in 2022. Markets are now pricing in a 68% chance the Fed hikes rates just 25 basis points at its next policy meeting, and a 31% chance the Fed pauses rate hikes, according to the CME FedWatch tool . Here's where US indexes stood shortly after the 4:00 p.m. ET close on Thursday: S&P 500 : 4,146.22, up 1.33% Dow Jones Industrial Average : 34,029.69, up 1.14% (383.19 points) Nasdaq Composite : 12,166.27, up 1.99% Here's what else is going on: These 10 stocks are most primed for a short squeeze right now. Surging oil prices amid war in Ukraine helped push Exxon CEO's pay up more than 50% last year. Oil markets could see a supply shock of 2 million barrels a day this year as OPEC and Russia slash production. Here's the game plan investors should follow if the Fed hikes interest rates for the last time in May. Russia's economy is worse than Moscow claims because military spending covers up how much the private sector is shrinking. In commodities, bonds, and crypto: Oil prices slipped, with West Texas Intermediate down 1.21% to $82.24 a barrel. Brent crude , the international benchmark, fell 1.23% to $86.26 a barrel. Gold rose 1.5% to $2,054.70 per ounce. The 10-year Treasury yield ticked up two basis points to 3.447%. Bitcoin climbed 1.64% to $30,434.33. Read the original article on Business Insider", 'Singapore --News Direct-- Huobi Singapore / April 14, 2023 / According to the latest news, Huobi completed thedevelopment of the Merkle Tree on December 2022 and adopted it months ago for Proof of Reserves (POR), enabling users to verify that their virtual assets are fully backed (1:1) on the platform. The launch of this service realizes an open-source verification of the Merkle Tree, wallet address ownership, and on-chain assets. Users can view Huobi reserves such as USDT, BTC, ETH, HT, and TRX in detail on the asset audit page of Huobi\'s official website , including reserve ratio, Huobi wallet\'s assets, and Huobi\'s user assets. Huobi will regularly conduct Proof of Reserve audits to ensure users that their assets are safeguarded. * The screenshot is taken from Huobi\'s official website and users can view the reserves on this page. The purpose of the Merkle Tree adopted by Huobi is to summarize and verify the existence and integrity of block data in a timely manner. It typically contains the underlying (transaction) database of the block, the hash of the block header (the Merkle Root), and all branches along with the underlying block data to the root. The calculation of the Merkle Root for a block generally involves grouping hash values of the data of that specific block, then inserting the newly generated hash into the Merkle Tree recursively until only the last root hash remains. After that, it is recorded as the Merkle Root of the block header. According to “Theory of Proof of Reserves" on Huobi\'s official website, Proof of Reserves (PoR) is a common audit method used to ensure that a crypto exchange holds sufficient on-chain funds to cover all assets held on it. Here is how the Huobi Merkle Tree works: Snapshots of all user balances are taken in order to generate a Merkle Tree. The Merkle Tree contains the encrypted data of assets held by all users in the exchange. The Merkle Root is acquired from the Merkle Tree and contains a single hash containing total balances in the snapshots. Then, the digital signatures of Huobi\'s on-chain wallet addresses are verified to prove ownership over the addresses which obtain publically verifiable balances. Finally, the total balances held in on-chain wallet addresses are compared with the total balances provided by the Merkle Root to verify whether all assets are backed 1:1 by Huobi\'s reserves. Story continues *The picture comes from Huobi\'s official website and helps explain the above theory. It has been reported that the FTX crisis brought attention to the debate and disapproval of centralized exchanges\' methods for asset custody. At the very beginning of this incident, Huobi took the lead in announcing the launch of a "Merkle Tree Proof" to ensure the transparency of the asset reserves. Four days later, Huobi unveiled major asset reserves in both their hot and cold wallets and stated that it would announce the Merkle Tree PoR method including a 100% reserve audit within a month. Huobi always prioritizes the principle of "safeguarding user assets" while promising 100% delivery of assets, which was reiterated in its open letter. By disclosing the reserve\'s details to the public and allowing users to view them at any time, Huobi has fulfilled its promise of always putting the safety of user assets first. Allowing users to know about their assets is a priority and mainstream practice aimed at "Winning Users\' Trust." Huobi will also build a more transparent firewall with cutting-edge technologies and strict adherence to safeguard user assets. In addition, Huobi has also joined hands with a number of key players in the industry to strengthen the security of user assets with innovative technologies, creating a secure and high-quality trading environment for users. Previously, Huobi reached a strategic partnership with Fireblocks and joined its OFF-Exchange settlement
**Last 60 Days of Bitcoin's Closing Prices:**
[21808.10, 22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-14
**Financial & Commodity Data:**
- Gold Closing Price: $2002.20
- Crude Oil Closing Price: $82.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $593,130,738,569
- Hash Rate: 333271914.81203014
- Transaction Count: 315959.0
- Unique Addresses: 729076.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin dipped below US$28,000 in Thursday morning trading in Asia as most other top 10 non-stablecoin cryptocurrencies lost steam. Ethereum edged lower, but held a weekly gain of over 5% as the blockchains Shanghai upgrade draws near. Dogecoin led the losers after a Tuesday surge triggered by Elon Musk switching the Twitter icon to a Shiba Inu dog. U.S. equities traded mixed on Wednesday as data showed a slowdown in the job market and services, raising worries among investors of a potential recession ahead. See related article: MicroStrategy buys 1,045 Bitcoin, holds 140,000 BTC in total Fast facts Bitcoin dropped 2.47% to US$27,983 in the 24 hours to 9:00 a.m. in Hong Kong, down 1.34% for the week, according to CoinMarketCap data . The worlds largest cryptocurrency has been fluctuating around the US$28,000 resistance level since late March. MicroStrategy, a U.S.-based business intelligence firm and the worlds largest corporate Bitcoin holder, said it acquired 1,045 Bitcoin for around US$29.3 million between March 24 and April 4, 2023, which could help investor sentiment. Ethereum dipped 1.03% to US$1896 but is up 6.04% for the week. The token reached a high of US$1,937.50 on Wednesday to trade above the US$1,900 mark for the first time since August 2022. The Shanghai hardfork of the Ethereum blockchain, also known as Shapella upgrade, will come next Wednesday, and allow investors to withdraw their staked ETH for the first time. Dogecoin led the losers, falling 4.66% to US$0,09127 but still made a weekly jump of 21.60%. Investors may be taking profits from the tokens surge earlier this week when Elon Musk on Monday changed the blue bird icon on the Twitter website to a Shiba Inu Japanese dog, the same image used by the meme coin. Musk has yet to say why he did it, other than to tweet out a meme . The total crypto market capitalization dropped 0.95% in the past 24 hours to US$1.19 trillion. Total trading volume in the same period edged up 0.14% to US$43.08 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged down 0.12% to 4,029.45 in the 24 hours to 09:00 a.m. in Hong Kong, but gained 0.61% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by Forkast Labs data branch, CryptoSlam . NFT sales on the Ethereum blockchain rose 17.81% in the 24 hours to 09:30 a.m. in Hong Kong. This could be attributed to volume on OpenSea Pro , an NFT marketplace developed by OpenSea that targets expereinced investors and offers zero listing fees for a limited time, said Yehudah Petscher , NFT strategist at Cryptoslam. U.S. equities closed mixed on Monday. The Dow Jones Industrial Average added 0.24%, the S&P 500 dipped 0.25%, and the Nasdaq Composite Index dropped 1.07%, as investors analyzed weak economic readings on Wednesday. The U.S. private sector saw a job slowdown, with 145,000 new jobs added in March, compared with the expected 210,000, and down from 261,000 in February. Annual pay rose 6.9% on year, down from 7.2% in the previous month, according to Automatic Data Processing Inc . The slowdown in job growth and pay was linked to weak consumer demand and the rising cost of borrowing. Another bearish indicator for the U.S. economy released Wednesday was the services purchasing managers index (PMI) for March that came in at 51.2%, according to the Institute for Supply Management , also well below expectation of 54.5%. The index is a measure of market conditions, with a lower reading suggesting a contracting economy. Despite these signals, Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday interest rates may need to go higher and hold there for some time in order to make sure inflation is on that sustainable downward path to 2%, according to a Bloomberg report . Inflation as measured by the U.S. consumer price index rose by 6% on year in February, a decline from 6.4% in the previous month, but still far from the Federal Reserves goal to keep annual inflation below 2%. U.S. interest rates are now between 4.75% to 5%, the highest since June 2006. Ahead of the Federal Reserves meeting on May 3 to make its next move on interest rates, analysts at the CME Group are expecting a 54.2% chance of no rate hike, while 45.8% expect a 25 basis-point rise, up from 41.1% on Wednesday. U.S. stock futures traded lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures dipped 0.10%, S&P 500 futures moved down 0.17% and the Nasdaq Composite Index dropped 0.31%. Investors are waiting for more data releases this week on the U.S. job market, including the Labor Departments initial jobless claims on Thursday and U.S. employment situation summary on Friday. See related article: Paxful shuts Bitcoin exchange due to regulatory challenges, staff departures...
- Reddit Posts (Sample): [['u/toMARSSSSSSS', 'You are so close...', 26, '2023-04-14 00:14', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/', 'I\'ve been holding as part of this community since Nov 2021. I know some of you are frustrated that the token has not reached it\'s previously high levels in some time, but I just want to also write about my own experience, and why I believe this will net a very lucrative investment for me. (I lurk quite a bit, but poke my head up every once in a while) \n\n\nThe problem, and why this post will not be popular, is that my confidence in the token is based on the Methuselah Foundation and the macroeconomic timing of the crypto market, not unfounded "hopium" and hype. \n\n​\n\nTo me, this Token being successful has never been an "if", but a "when". And the "when" will surely be in large part based on Crypto\'s eventual rise (as Bitcoin and Ethereum have already steadily been rising) BUT ALSO on that fact that when the surge into this token comes people will rely on the values and mission of the Methuselah Foundation which has already stayed true to its foundational principles and promises even when its been hard. The combination of these two, alongside the dev team working on things in the background (vote in the DAO thing by the way) will eventually cause the surge you all are looking for. \n\n\nThis is a long term token, but I don\'t think it will be that much longer before we will feel very early to the party. I think that, as the Crypto market has its natural resurgence, we will find that holding our investment was worth it after all due to our token\'s legitimacy thanks to the Methuselah Foundation, its mission, and its transparency. When those looking to poke holes in us come around, it always comes down to the Methuselah Foundation...and they are sure and true. It\'s foundation is strong. \n\nI know its hard to wait, but you\'ve already come this far. Put your phone down for a bit and wait a bit, that\'s fine. We really do hold a token with an incredible organization that is doing incredible things and adding value to this world, and that\'s something worth being a part of. Value begets value, and I know we will see that someday soon reflected in the price once the winter is over. Don\'t let the cold get to ya. \n\n\nThat\'s all for now. \n\n\ntldr; Crypto conditions warming combined with our legitimacy through the Methuselah Foundation will cause this token to surge as it has in the past just as Bitcoin and Ethereum and all of Crypto will, of course. It just takes patience, which is hard, I know. But worth it in the end.', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/', '12l88r8', [['u/spartikle', 12, '2023-04-14 00:26', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/jg5ktxh/', 'I just know if I sell ELON will moon and I will die inside lmao', '12l88r8']]], ['u/Conscious_Most_4371', 'Coinbase volume is super low. Tether market cap is near ATH', 151, '2023-04-14 00:25', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/', 'Coinbase daily volume is in the ~12,000 BTC range. This is atrocious. This used to be the volume for a Saturday or Sunday. They used to have 60,000+ BTC volume on any given weekday. \n\nAt the same time, Tether’s market cap is pushing up to the all time high from 2021. It’s up over $600M this week alone.\n\nAll these very public indicators point to the Bitcoin market become more fraudulent and inauthentic than ever before (and that’s saying something). The greater the fraud, the more perilous the market becomes. Personally, I’m expecting a major crash at some point within the next 60 days. For any butters out there, feel free to set a #remindme flag.', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/', '12l8ux6', [['u/Ichabodblack', 18, '2023-04-14 00:45', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5nfrc/', 'Got the syntax wrong bud', '12l8ux6'], ['u/dyzo-blue', 101, '2023-04-14 01:03', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5pwnh/', "Also with the collapse of FTX.US and the risks around Binance, almost all American butters should be trading on Coinbase.\n\nThe problem is KYC. If an exchange embraces it, as they are legally and morally obliged to, the client base vanishes. Also, if you don't have bots wash trading, volume vanishes.\n\nBTW: the butters have come up with a new euphemism for bot wash trading\n\n> **self-sustained demand**\n\nhttps://twitter.com/Bitfinexed/status/1646587032918196224", '12l8ux6'], ['u/NotAnotherEmpire', 45, '2023-04-14 01:12', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5r4jp/', 'If it\'s severed from real economic concepts because it\'s been severed from real money, it doesn\'t have to "crash." Because the holders cannot sell, so the price isn\'t set by real sales. What you see is the quote in funbux, which most know aren\'t real. So might as well bid more of them.\n\nRealistically, people trading on Binance who want cash USD at some point have already lost their money. May not apply if you are a scary international gangster.\n\nThe fake money exchanges don\'t matter for setting a true market price, which is a primary reason the SEC has denied a Bitcoin spot ETF again and again. That would be a real money instrument, except it reflects all the fake money trading.', '12l8ux6'], ['u/kcarmstrong', 40, '2023-04-14 01:22', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5sf2q/', 'Jesus Christ. They are outright justifying market fraud', '12l8ux6'], ['u/i-can-sleep-for-days', 16, '2023-04-14 01:48', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5vwy9/', 'Are butters people who are into crypto or are butters people who likes this sub?', '12l8ux6'], ['u/celticguardian421', 24, '2023-04-14 01:56', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5x2io/', 'Someone who’s into crypto.', '12l8ux6'], ['u/celticguardian421', 12, '2023-04-14 02:33', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg61y9k/', 'Buttcoiners I guess.', '12l8ux6'], ['u/dronetroll', 15, '2023-04-14 03:18', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg67swh/', 'Imagine thinking that "fake it til you make it" is a genuine market strategy', '12l8ux6'], ['u/ShadowHound75', 12, '2023-04-14 03:27', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg68wp1/', 'I love it when cults fight each other.', '12l8ux6'], ['u/shiningdialga13', 21, '2023-04-14 03:31', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg69j84/', 'Did you give yourself those awards,', '12l8ux6'], ['u/[deleted]', 18, '2023-04-14 03:50', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6bzpr/', "Wintermute is still around. There are plenty of market makers/fakers using pretend bucks to keep prices high. I think they're beyond the point of trying to cash out - with all the lawsuits flying around, it's a life-and-death moment and the crypto cartel is doing everything to prevent a collapse.\n\nIt's a speedrun of Enron. Instead of company shares being used for borrowings, it's crypto as collateral against fiat, so any large drop in crypto prices could trigger insolvencies throughout the entire crypto system.", '12l8ux6'], ['u/stormdelta', 11, '2023-04-14 04:17', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6fe9n/', "It's not too late to pull money out yet - you can still use wires. But the convenient ACH transfers are largely gone yes.", '12l8ux6'], ['u/Nahbjuwet363', 25, '2023-04-14 04:45', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6iu9g/', 'Sane', '12l8ux6'], ['u/Ironfingers', 14, '2023-04-14 05:58', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6r877/', 'Lmao how crazy is it to worship a database and numbers', '12l8ux6'], ['u/ispb2', 15, '2023-04-14 07:31', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg700f6/', 'Poor-stayers. Non-understanders.', '12l8ux6'], ['u/wote89', 15, '2023-04-14 08:57', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg76yy1/', '"Here\'s further evidence that the number is absolutely meaningless except as a way to rope in rubes for liquidity."\n\n"Oh, yeah?! Well, that meaningless number is *even bigger*!"', '12l8ux6']]], ['u/Stock_Wear5934', 'Romance scam', 55, '2023-04-14 01:03', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/', 'I have this friend who is 70 years old who met this person online playing word chums. She has been “dating” this guy for about four years and he keeps saying that he is American, but works in Nigeria, first off It was Scandinavia then he told her he’s been in Nigeria, but not to tell her family and friends. They know he exists and tells her he’s “not real’ , she sends him most of her money, she works so hard for. her bills are getting shut off because she can’t afford her bills, she sent him a mobile phone, but of course got stopped at the border so they kept the Sim, but let him have the phone , constantly needs medical attention that cost money and she sends it. \n\nI’m 30 years younger than her so I know the scams. A few weeks ago I told her that he’s scamming her, that he doesn’t need a visa. He doesn’t need approval to come back into the US If he’s American, I told her that he wouldn’t have a strong African accent that she can’t understand on the phone if he’s only been in Africa for four years. She has one photo of him and he looks middle eastern. It’s excuse after excuse\nIt got to the point where she’s been banned out of two banks, and her accounts have been closed because she’s been cashing checks sent from his “friends wife” for her to cash and then send him bitcoin. Only Bitcoin. \n\nThis is serious stuff. God knows what kind of ring or scam she is caught up in. \nI spoke to my boss, who spoke to the bank, who couldn’t do anything , she’s also spoke to a police man who said he can’t do anything. \n\n \nThis lady fell out with me for about four weeks when I confronted her last time and slowly she started talking to me a little bit now, anyone who asks about him she distances herself from. \n\nWhen she told him what I said , of course he told her to stay away from me and my negativity 🤦🏼\u200d♀️', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/', '12lafjr', [['u/HaoieZ', 61, '2023-04-14 01:10', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg5qsdo/', "Looks like you've done all you can possibly do.", '12lafjr'], ['u/cyberiangringo', 17, '2023-04-14 01:17', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg5rq06/', '>This lady fell out with me for about four weeks when I confronted her last time and slowly she started talking to me a little bit now, \n\nNext up, she may be hitting you up for money.', '12lafjr'], ['u/DellaPatton1', 22, '2023-04-14 01:39', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg5upse/', 'Can you talk to her relatives or maybe a pastor or priest?', '12lafjr'], ['u/Stock_Wear5934', 16, '2023-04-14 03:39', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg6akn3/', 'Oh she has tried. I gave her $20 in the early days and she was meant to be giving it back 3 days later. \nI’m still waiting. That was 7 months ago\n\nMy husband would divorce me if I gave her any more so I stuck to my guns and not gave her. It’s hard when she’s having electric and such turned off but I don’t have spare money like that', '12lafjr'], ['u/tomorrowschild', 18, '2023-04-14 03:49', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg6bvyx/', "Don't set yourself on fire to keep someone else warm. Sadly this is filling a deep emotional need for her. It won't end until she's cleaned out.", '12lafjr'], ['u/selfishsinner84', 13, '2023-04-14 04:32', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg6hahf/', 'Can you get adult services involved,', '12lafjr'], ['u/Pseudo-Data', 16, '2023-04-14 05:02', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg6kxb4/', 'Tell her if she doesn’t believe everyone trying to help her to inform her *boyfriend* that she hasn’t any money to send after paying bills and her bank has restricted her account. If she stands firm in not sending money he will quickly either get incredibly aggressive in trying to coax the funds or he will disappear completely.\n\nA family member needs to step up and file for guardianship of her finances before she’s homeless.', '12lafjr'], ['u/spatenfloot', 19, '2023-04-14 06:25', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg6tyn7/', 'the only way this will stop is if a family member can get her declared incompetent and take control of her finances', '12lafjr'], ['u/sandpiper2319', 14, '2023-04-14 07:53', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/jg71w5g/', 'Go on YouTube and search for "Dr Phil catfish". You will find about 30 episodes that are pretty much exactly this. Older women love Dr Phil. Get her to watch a few of them. Unfortunately, despite all of the things he shows them, and there are a lot, that prove it is a scam, they still have trouble believing him because they are in love. \nAlso, explain to her that what she is doing moving money like she has been is money laundering and she could go to jail.', '12lafjr']]], ['u/shlammyjohnson', 'At what point do you put more faith in crypto rather than legacy markets?', 55, '2023-04-14 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/', 'I\'ve been researching the crypto space since Bitcoin was the one and only coin. (Not invested just looking into it)\n\nI happened to stumble upon it in my tech computer lab because I was bored with assignments and I came across the old B symbol and looked into it..\n\nBack in the day I think everyone including me did not think something like crypto was going to really take off further than being a backdoor for less than "good" transactions.. and a lot of people feel the same today.\n\nWith that all being said, I feel like we\'re experiencing somewhat of a shift. No one is trusting legacy markets right now when they don\'t even trust themselves. We have the possibility of a major global crash in the coming years with an almost guaranteed recession.\n\nAt what point do you start saying "f it, let\'s try something else?" \n\nMarket uncertainty is at a crazy high level and has been for some time, and it doesn\'t seem like it\'s going to pass anytime soon.\n\nMeanwhile crypto continues to show progress and strength in the face of all these weird ass political and economic downfalls with politicians that at best are senile and at worst are out to bleed everyone as dry as they can.\n\nIs it just me or is there a turning tide slowly developing?', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/', '12le1ut', [['u/Impossible_Soup_1932', 43, '2023-04-14 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/jg669kr/', 'I’m probably 90% crypto 10% stocks. Not a safe bet. But I’m going for that risky big play', '12le1ut'], ['u/blancooo', 10, '2023-04-14 03:08', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/jg66hhp/', 'I’m about 1/3 crypto, 1/3 stocks and 1/3 precious metals but I’m a stickler for balance', '12le1ut'], ['u/FldLima', 10, '2023-04-14 03:31', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/jg69jcz/', "You gotta have a diversified portfolio that includes stocks and ETFs. Crypto can be a great addition, but it's still very volatile.\n\nGenerally, a diversified portfolio should have no more than 5-10% allocated to crypto.", '12le1ut'], ['u/TruthSeeekeer', 23, '2023-04-14 03:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/jg69ndk/', 'With the next bull market your portfolio will automatically adjust to 99% crypto and 1% stocks', '12le1ut'], ['u/FattestLion', 14, '2023-04-14 03:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/jg6ae0a/', 'Who came out with the term "legacy" markets lol. Thought they were called traditional markets.', '12le1ut'], ['u/SaltedSnail85', 11, '2023-04-14 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12le1ut/at_what_point_do_you_put_more_faith_in_crypto/jg6blm4/', 'Boomers had cheap housing as their easy mode inf money cheat, the next generation had the tech boom. \n\nCrypto is this generations cheat. Yeah everything red now but really all we have to do for results is buy hold and wait. Easy beans.', '12le1ut']]], ['u/FearlessEggplant3036', 'Onchain data shows that Binance has only a small amount of BCH in their cold wallets (at times 0 even). This does not match their supposed trading volume of BCH. Coinbase has 10x the amount of BCH in cold storage and has much less trading volume. Fractional reserves in play.', 50, '2023-04-14 03:22', 'https://www.reddit.com/r/btc/comments/12lelab/onchain_data_shows_that_binance_has_only_a_small/', '**Binance is a washtrading bucketshop. They likely are operating on fractional reserves and do not own the underlying cryptos.**\n\nBinance (hot wallet)\t\n\t\n>https://bitinfocharts.com/bitcoin%20cash/address/19dQkvaH2NGgkGomzZu3qrnqRGCicXwedM\t\n\t\nBinance (cold storage)\t\n\t\n>https://bitinfocharts.com/bitcoin%20cash/address/1P86nZCNWUiynP52AK2eTuTGZXYUTwX6qQ\t\n\t\nBitfinex:\t\n\t\n>https://bitinfocharts.com/bitcoin%20cash/address/17om4dHcDNy9LAagMj8mGW59vyXjvA3GBn\t\n\t\nCoinbase (cold storage)\t\n\t\n>https://bitinfocharts.com/bitcoin%20cash/address/1PUwPCNqKiC6La8wtbJEAhnBvtc8gdw19h\t\n\t\nCoinbase (hot wallet, not the only one)\t\n\t\n>https://bitinfocharts.com/bitcoin%20cash/address/1MDyWzZjhtM8h1vpDzoyi3Pe2KALsyE7FM\n\nWe have seen multiple exchanges go under in 2022, and none of them had the crypto to back the trading that was occurring on their platforms. GTFO binance while you can.\n\nDont be next to join the list of people who lost all their money on bankrupt exchanges:\n\n\n>COMPANY NAME\tBUSINESS\tDATE OF PAUSE \n\n>Celsius Network Ltd.\ttrading, lending\t12-Jun-22\n\n>Babel Finance\tlending\t17-Jun-22\n\n>CoinFlex\tfutures, exchange\t23-Jun-22\n\n>Voyager Digital\ttrading, lending\t1-Jul-22\n\n>Vauld\ttrading, lending\t4-Jul-22\n\n>Zipmex\texchange\t20-Jul-22\n\n>Hodlnaut\texchange\t8-Aug-22\n\n>FTX\texchange\t11-Nov-22\n\n>BlockFi\ttrading, lending\t28-Nov-22\n\n>Genesis\tlending\t19-Jan-23\n\n>Cash Cloud Inc.\tATMs\t7-Feb-23', 'https://www.reddit.com/r/btc/comments/12lelab/onchain_data_shows_that_binance_has_only_a_small/', '12lelab', [['u/SoiledCold5', 15, '2023-04-14 03:32', 'https://www.reddit.com/r/btc/comments/12lelab/onchain_data_shows_that_binance_has_only_a_small/jg69loj/', 'Bitcoin Cash Run', '12lelab'], ['u/knowbodynows', 11, '2023-04-14 03:58', 'https://www.reddit.com/r/btc/comments/12lelab/onchain_data_shows_that_binance_has_only_a_small/jg6czi0/', ' B C H\n R U N\n F T W', '12lelab'], ['u/saylor_moon', 10, '2023-04-14 04:38', 'https://www.reddit.com/r/btc/comments/12lelab/onchain_data_shows_that_binance_has_only_a_small/jg6i10q/', "I am also surprised by this, but if it's not Coinbase, then where is the 306296 BCH that Coinbase holds on behalf of Grayscale?\n\nMoreover, when Mark Lamb was selling most of the BCH he stole from Coinflex last June and July, large buy orders were seen on Coinbase, and the balance at [1JBHhm7Z6i5i65epVg2fA676PCE7WVQyv1](https://bitinfocharts.com/bitcoin%20cash/address/1JBHhm7Z6i5i65epVg2fA676PCE7WVQyv1) increased by over 300K. Those BCH were later moved to 1PUwPCN... Some went to Kraken and other exchanges, but the volume at Coinbase was much larger. The rest largely remained in addresses associated with Binance.\n\nI don't see any plausible explanation other than it is Coinbase.", '12lelab']]], ['u/tfren99', "Bitcoin is not anonymous, it's pseudonymous. What's the difference?", 38, '2023-04-14 03:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12lf5mr/bitcoin_is_not_anonymous_its_pseudonymous_whats/', '[Quick edit to add that I’m not saying this is a problem, I just wanted to point out the common misconception.]\n\nI see the word "anonymous" thrown around a lot to describe Bitcoin, when in fact Bitcoin is not anonymous but pseudonymous. But what does that mean?\n\nWell, all transactions on the Bitcoin blockchain are [publicly available to view](https://blockstream.info/), so anyone can see all the transactions associated to an address. The only thing that stops someone from knowing how many bitcoins a *person* has is that they don\'t know what address belongs to what person: the address is a pseudonym. But once they are able to make the connection between a person and their address, that pseudonymity is lost. There are ways to get around this, for instance by using a new address for every transaction (not the same as a new wallet.)\n\nFor a truly anonymous blockchain, check out Monero or ZCash, which don\'t show addresses or transaction details in their public ledgers, making it impossible to figure out the "balance" of a given address, or who that address belongs to.', 'https://www.reddit.com/r/CryptoCurrency/comments/12lf5mr/bitcoin_is_not_anonymous_its_pseudonymous_whats/', '12lf5mr', [['u/sablexxxt', 28, '2023-04-14 03:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12lf5mr/bitcoin_is_not_anonymous_its_pseudonymous_whats/jg6bgn3/', 'TIL..Bitcoin is pseudonymous while Monero is anonymous..thanks op!', '12lf5mr']]], ['u/CityBusDriverBitcoin', 'Thank you /r/bsv for saving me from the cult', 22, '2023-04-14 04:40', 'https://www.reddit.com/r/bsv/comments/12lgtnr/thank_you_rbsv_for_saving_me_from_the_cult/', "I would like to say thank you to Greg and his ***sockpuppets*** for saving me from BSV. \n\nI would also like to say that I am grateful to this sub for making me realize that advice from real OGs is super valuable to me. I was not enough lucky to be in Bitcoin in 2010-2015. \n\nI only started getting interested in 2017 but believe me when I entered space you have no idea what ideologies I was bombarded with.\n\n\nThank you guys. Also, If you blocked me, I'm sorry. But know that I have the greatest respect for you all.\n\n\n\nI will be back in maybe 2-3 years to tell you the color of my lambo.\n\n\nThank you again. \n\n!", 'https://www.reddit.com/r/bsv/comments/12lgtnr/thank_you_rbsv_for_saving_me_from_the_cult/', '12lgtnr', [['u/itsnotlupus', 10, '2023-04-14 06:36', 'https://www.reddit.com/r/bsv/comments/12lgtnr/thank_you_rbsv_for_saving_me_from_the_cult/jg6v398/', 'You know.. for just the few seconds it took to load the comments I went "aww, that\'s such a sweet change of pace from his usual video spamming nonsense."', '12lgtnr']]], ['u/garbbagebear', 'Where is Andreas Antonopolous these days?', 85, '2023-04-14 05:13', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/', 'I liked how concise and direct he is at describing Bitcoin. But what is he up to these days?', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/', '12lhrnq', [['u/carlysprando', 71, '2023-04-14 05:17', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg6mok6/', "Andreas Antonopolous is currently in the process of writing the 3rd edition of Mastering Bitcoin.\n\nHe's also still creating new bitcoin educational content on Patreon but you have to pay a monthly fee for access to it https://www.patreon.com/aantonop", '12lhrnq'], ['u/TrevReznik', 14, '2023-04-14 05:28', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg6nwot/', "So he's busy preaching to the choir", '12lhrnq'], ['u/garbbagebear', 30, '2023-04-14 05:29', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg6o2fd/', 'What a legend! Helping to foster the next generation of developers.', '12lhrnq'], ['u/Dr-Lavish', 59, '2023-04-14 06:21', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg6tldu/', "Eight years ago I watched every Andreas Antonopolus video and read his books. Best educational investment I've ever made. The guy is a genius.", '12lhrnq'], ['u/Humament', 22, '2023-04-14 09:02', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg77buv/', "There's a ton of free shit he's done over the years that is still true today to anyone who cares to research.", '12lhrnq'], ['u/Downtown-Ad-4117', 18, '2023-04-14 10:10', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg7c7ee/', "Website: https://aantonop.com\n\naantonop's YouTube channel has 2 recent videos:\n\nhttps://vid.puffyan.us/channel/UCJWCJCWOxBYSi5DhCieLOLQ\n\n(I use Invidious to watch ad-free Youtube in privacy. Works with Tor browser.)", '12lhrnq'], ['u/itchyblood', 12, '2023-04-14 10:45', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg7emii/', 'Behind a paywall', '12lhrnq'], ['u/Just1_More', 14, '2023-04-14 12:36', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg7mq9a/', "If you like to listen to people talk macro from a Bitcoin perspective, I suggest the following, \n\nPreston Pysh - Investors podcast\n\nJames Lavish - makes great posts explaining complex topics in an easily *digestible* method\n\nDr. Jeff Ross - guest on many bitcoin podcasts, always worth listening to\n\nLyn Alden - read her work, listen to her when she's guests on podcasts (she is hyper intelligent),\n\nJeff Booth - Same write up as Lyn\n\nNatalie Smolenski - just watch this [video](https://twitter.com/saylor/status/1600291923478007808?t=Pl8ES_lTUqUEh5wfanbP1A&s=19) and you'll understand why to follow her.\n\nCheers", '12lhrnq'], ['u/Capable_Swordfish_30', 13, '2023-04-14 13:43', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg7t04o/', 'And some of it is even more relevant now than when he posted. Like "Money as a System of Control": [https://aantonop.com/money-as-a-system-of-control/](https://aantonop.com/money-as-a-system-of-control/)', '12lhrnq'], ['u/thecahoon', 31, '2023-04-14 13:44', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg7t2k2/', 'Yup, this. I am a patreon, $5 a month gets you access to his monthly Q&A\'s.\n\nAndreas explained recently that the amount of exposure he was getting was having a negative affect on him and his family. Sounds like he decided to go small on purpose, having gotten too popular on the world stage. Said "I did my 10 years of service"', '12lhrnq'], ['u/DJBunnies', 12, '2023-04-14 14:31', 'https://www.reddit.com/r/Bitcoin/comments/12lhrnq/where_is_andreas_antonopolous_these_days/jg7y9uh/', "My lnd node just routed a tx from his!\n\n\nI'm basically famous.", '12lhrnq']]], ['u/stephend9', 'ULPT: Lower your monthly Google Bill, lengthen your month by not paying on time.', 24, '2023-04-14 05:46', 'https://www.reddit.com/r/UnethicalLifeProTips/comments/12liox6/ulpt_lower_your_monthly_google_bill_lengthen_your/', "There's no late fees when you don't pay Google, they simply discontinue your services, but not all of them, and not immediately ;-)\n\nWith the cash app, or similar digital debit card, you can stretch your months, here's how:\n\nI leave my Cash App balance empty, I leave my funds in the Bitcoin part of the Cash App and cash out when I want to pay something in dollars.\n\nWhen google tries to debit your empty account the transaction fails, but all your google services keep working for about 5 days. They warn me that they'll hold my email account as a digital hostage and restrict my ability to send and receive emails if I don't pay, but they've never done it so far. So what happens when you don't pay? Google docs become uneditable, even if the doc is hosted on someone else's paid Google account, Photos syncing stops, but Gmail, Keep, and Voice all keep working for me.\n\nSo...if you can't negotiate a fairer price, why not give yourself 5 free days every month. If your budget is tight it ends up being a fairly noticeable chunk of money saved.", 'https://www.reddit.com/r/UnethicalLifeProTips/comments/12liox6/ulpt_lower_your_monthly_google_bill_lengthen_your/', '12liox6', [['u/anotherucfstudent', 22, '2023-04-14 06:12', 'https://www.reddit.com/r/UnethicalLifeProTips/comments/12liox6/ulpt_lower_your_monthly_google_bill_lengthen_your/jg6somh/', 'It’s $6 lol, how down bad you gotta be to go through all of this for $6', '12liox6']]], ['u/SmallTlMEtrader', "Monero : Bitcoin's unfulfilled promise", 43, '2023-04-14 05:53', 'https://www.reddit.com/r/CryptoCurrency/comments/12livi0/monero_bitcoins_unfulfilled_promise/', 'Greetings, fellow investors and crypto enthusiasts! Get ready, because today we\'re exploring the world of Monero (XMR), the undisputed champion of privacy coins that makes Bitcoin (BTC) look like a mere prototype.\n\nYou know how Satoshi Nakamoto, the enigmatic creator of Bitcoin, envisioned a decentralized, anonymous, and secure digital currency? Well, prepare yourselves, because Monero is everything Bitcoin was meant to be and more!\n\n**Privacy: Monero\'s Top Priority**\n\nFirst and foremost, Monero is all about privacy. The Bitcoin blockchain is incredibly transparent - every transaction, every wallet balance, and everything else is visible for the entire world to see. So much for financial privacy, right?\n\nEnter Monero. With its advanced stealth addresses, ring signatures, and Ring Confidential Transactions (RingCT), Monero has you covered like an invisibility cloak. No one can trace your transactions or peek into your wallet balance. Now that\'s what I call financial freedom!\n\n**Fungibility: Monero\'s Secret Sauce**\n\nWhat\'s that one aspect that makes Monero stand out from the rest of the crypto crowd? Fungibility! One Monero coin is indistinguishable from another, just like traditional cash.\n\nThis means that no Monero coin has a history tied to it, so no one can blacklist or discriminate against your coins. Unlike with Bitcoin, where "tainted" coins can ruin your day faster than a margin call.\n\n**Security & Decentralization: Monero\'s Power Couple**\n\nMonero\'s CryptoNight proof-of-work algorithm is designed to deter ASIC miners, leveling the playing field for GPU mining enthusiasts. This helps keep the network decentralized and secure, just like Satoshi intended.\n\nAnd let\'s not forget about Monero\'s adaptive block size limit.No more worrying about the network getting clogged up during peak trading hours. Take that, Bitcoin!\n\n**Monero\'s Price Potential**\n\nNow, let\'s discuss what you\'ve all been waiting for: those sweet, sweet gains. With Monero\'s superior privacy and security features, it\'s no wonder that it\'s gaining traction as the go-to currency for those who value their financial privacy.\n\nAs more and more people realize that Bitcoin isn\'t all it\'s cracked up to be, we might just see a massive shift towards Monero. And you know what that means: it\'s moon time!\n\nSo what I\'m saying is, although i might be downvoted to oblivion by Bitcoin maxis, Monero is the real deal imo. It\'s the ***digital currency that Bitcoin was supposed to be***, and it\'s got the potential to change the game forever. So grab your space suits and HODL onto your XMR, because this rocket is about to blast off!\n\nTL;DR: Monero is what Bitcoin was meant to be: private, secure, and decentralized. With unmatched privacy features, fungibility, and growing adoption, XMR is the ultimate crypto moonshot.\n\nDisclaimer: This post is not financial advice. Always do your own research and invest responsibly. DYOR.\n\nEdit : for people saying bitcoin wasn\'t intended to be anonymous, in the Bitcoin white paper, Satoshi said "The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous." **but** KYC regulations require identity verification, linking real-world identities to public keys on exchanges. This connection undermines the privacy nature of Bitcoin, as authorities can trace transactions back to individual users. As a result, the privacy benefits Satoshi Nakamoto envisioned are difficult to achieve when using KYC-compliant exchanges.', 'https://www.reddit.com/r/CryptoCurrency/comments/12livi0/monero_bitcoins_unfulfilled_promise/', '12livi0', [['u/jphillips8648', 15, '2023-04-14 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12livi0/monero_bitcoins_unfulfilled_promise/jg6r0bi/', 'Can you point out where he said anonymous? Because he was clear about seeing every transaction taking place in the white paper on the ledger.', '12livi0'], ['u/shreyaskg', 10, '2023-04-14 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/12livi0/monero_bitcoins_unfulfilled_promise/jg6r0fj/', "I've been seeing an increase in posts/comments on Monero. Great that people are talking about it!", '12livi0'], ['u/Kappatalizable', 33, '2023-04-14 06:03', 'https://www.reddit.com/r/CryptoCurrency/comments/12livi0/monero_bitcoins_unfulfilled_promise/jg6rpxg/', 'Monero is what the average person thinks Bitcoin is', '12livi0']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 14, 2023', 34, '2023-04-14 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/', '12lj2a0', [['u/killerlord16', 11, '2023-04-14 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6sg36/', 'Things are looking great today!', '12lj2a0'], ['u/Stammerama', 12, '2023-04-14 06:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6v9wt/', "Will there be any correction to this at all? I mean, that's 10% in 3 days, it's absolutely mental.", '12lj2a0'], ['u/ChadRun04', 14, '2023-04-14 06:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6vmao/', 'Sure, 50% retrace from 350k down to 175k! ;D\n\nAlong the way with retraces from 50k to 25k, 100k to 50k and 200k to 100k.', '12lj2a0'], ['u/o1l3r', 16, '2023-04-14 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6wtwj/', 'Imo,fewer current buyers are buying with the intention of selling it all a month or year later. They are buying it as a hedge/safe haven similar to gold. They may sell to recover their investment, but they aren’t planning to exit entirely.\n\nThere was always some of these individuals, but I think we are seeing a shift.', '12lj2a0'], ['u/cryptojimmy8', 15, '2023-04-14 06:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6wyfi/', 'Of course. Doesnt have to be yet tho. We just broke some big barriers. But the big dumps are always coming eventually', '12lj2a0'], ['u/ThorsBodyDouble', 10, '2023-04-14 06:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6x4fr/', "Just woke up here in UK and was pleasantly surprised to see how we're doing ☺️", '12lj2a0'], ['u/pignmud', 10, '2023-04-14 07:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6z9an/', 'Think we’re going to go bit bullishly mental now onwards till we reach unexpectedly high mid cycle peak.\nI originally thought only 40k this year but who knows how high it will go.', '12lj2a0'], ['u/nationshelf', 13, '2023-04-14 07:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg6zfb8/', 'I think we could go a lot higher than people are expecting given we didn’t have a blow off top', '12lj2a0'], ['u/gozunker', 18, '2023-04-14 07:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg723tc/', 'The Bitcoin train is leaving the station and I’m still frantically shoving toiletries into my suitcase. I will never have enough time to get enough Bitcoin. Just gotta leave the toothbrush behind, I’m sure I can buy a new one wherever we’re going. In sats.', '12lj2a0'], ['u/ComprehensiveGear786', 15, '2023-04-14 07:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg72d2y/', '"I dont own enough bitcoin"\nThats the thought I\'ve been having A LOT lately. How many millions of others are starting to wake up to this? FOMO is one hell of a drug', '12lj2a0'], ['u/AbskPrhr', 19, '2023-04-14 08:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg72i8e/', 'I love green...but so much green make me suspicious...my old wounds are still healing!!', '12lj2a0'], ['u/Stammerama', 10, '2023-04-14 08:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg72kwd/', 'Try selling at 29k and not buying back in.', '12lj2a0'], ['u/Upvote_Me_Slag', 10, '2023-04-14 08:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg73e05/', 'No use crying over spilt gift horses.', '12lj2a0'], ['u/I_AM_DEATH-INCARNATE', 11, '2023-04-14 08:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg74jj1/', 'Snuck that one in by the skin of your gift horse', '12lj2a0'], ['u/ChadRun04', 17, '2023-04-14 08:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg75bd0/', 'Belief?\n\n`consensus.nSubsidyHalvingInterval = 210000;`\n\nhttps://github.com/bitcoin/bitcoin/blob/1e17114917f29da114cb90f52579ddb911a1a856/src/chainparams.cpp#L69\n\n CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)\n {\n int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;\n // Force block reward to zero when right shift is undefined.\n if (halvings >= 64)\n return 0;\n\n CAmount nSubsidy = 50 * COIN;\n // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.\n nSubsidy >>= halvings;\n return nSubsidy;\n }\n\nhttps://github.com/bitcoin/bitcoin/blob/f1239b70d116ea28b65e60993a6e4ac82cc6c2b1/src/validation.cpp#L1240-L1251', '12lj2a0'], ['u/ChadRun04', 10, '2023-04-14 08:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg75v3m/', 'For context. Not even a 2nd weekly yellow candle while last pre-halvening rally printed 2. \n\nYellow = `close > ATR * 1.5`\n\nhttps://i.imgur.com/x6mTF05.png\n\nTurds are FTX being rekt and then later realising they were rekt.\n\n`B` is halvening \n`t` is taproot \n\n\nSpeach-bubble is drunk tape-reading bull call last season.', '12lj2a0'], ['u/_TROLL', 16, '2023-04-14 08:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg76q7i/', "There's $31K. For like 15 brief seconds. 🥳", '12lj2a0'], ['u/Carnotaur3', 12, '2023-04-14 08:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg76rj6/', 'Saw it right when it happened. Beautiful!', '12lj2a0'], ['u/Yodel_And_Hodl_Mode', 13, '2023-04-14 08:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg772rd/', "Knock, knock, knockin' on 31's door?", '12lj2a0'], ['u/BatteredLittleFish', 18, '2023-04-14 08:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7749k/', "Buying pressure is absolutely relentless, can't remember the last time I've seen it like this. Those who realised they should have bought at 28k are pulling the trigger now. Better to buy at 31 then 45 right? Once 31 pops don't blink or you'll miss 32.", '12lj2a0'], ['u/_TROLL', 12, '2023-04-14 09:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg77oev/', 'Although I expect a pullback sooner or later, SBF has to be tearing out his afro watching this... 😛', '12lj2a0'], ['u/CptBombastic', 11, '2023-04-14 09:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg786ww/', 'Bro the whole 2022 was a pullback, no more please', '12lj2a0'], ['u/cousin_brian', 18, '2023-04-14 09:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg78g2r/', '2030 Bitcoin will have 10 trillion market cap', '12lj2a0'], ['u/hxc_', 11, '2023-04-14 09:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg79m7g/', "Is it? Volumes on CBP don't seem massive to be honest.", '12lj2a0'], ['u/chrisgilesphoto', 10, '2023-04-14 09:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7a1ym/', 'Less sellers, not necessarily more buyers.', '12lj2a0'], ['u/Zirup', 14, '2023-04-14 10:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7fhk0/', "Things getting frothy around here... A gamblin' man might take some chips off, but getting cute with it might mean you get run over by the train.", '12lj2a0'], ['u/_supert_', 10, '2023-04-14 11:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7i7cu/', "I'm the old tramp snoozing at the back because it's safe and warm, who'll be kicked off at the last stop.", '12lj2a0'], ['u/xtal_00', 12, '2023-04-14 13:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7rx64/', 'Either looking for an entry around 30300 or on the retest after 31 breaks.\n\n…but I’m always 1x long.', '12lj2a0'], ['u/grydit', 12, '2023-04-14 14:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7vkqo/', "Still think we'll push to mid 30's then find some amount of resistance. Might push closer to 40k, but I feel like this will be our range (30k-40k) until the mega-bull hits next year.\n\nCurrently long (with trading stack) with an average entry of around 27k. Riding it until we show signs of breaking the trend.", '12lj2a0'], ['u/xtal_00', 12, '2023-04-14 14:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7w7nt/', 'Put a degen bet on the open with a comically tight stop.', '12lj2a0'], ['u/[deleted]', 36, '2023-04-14 14:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7xc7r/', 'Reminder to those waiting for sub 15k (a new lower low)…that’s now going to require more than a 50% drop. FTX, the largest and most public crypto fuckery in existence, in the setting of Ukraine war, Terra, and inflation, dropped is from 21 to 15.5. \n\nThat’s a 26% drop. Recreating those conditions alone require 5 degrees of black swan fuckery. \n\nI think in reality, without terra and FTX, we truly would have just flirted with old ATH instead of piercing through it. 15.5 was a fire sale discount that wasn’t supposed to happen. But it was a hell of a time to load bags. \n\nTo those waiting for sub 15…odds are you may never, ever, see that number again.', '12lj2a0'], ['u/imissusenet', 35, '2023-04-14 14:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7xjyq/', "Merlin said to pick a box size, and stick with it. I like 1% boxes, and that's the size I use when I post here. So this is an exception--a point and figure chart with 10% boxes:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR\\[PA\\]\\[D\\]\\[F1!3!10.0!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPBDEYRNR[PA][D][F1!3!10.0!!0!20])\n\nThis goes all the way back to low triple-digit BTC. Note that every high pole (except 1) eventually got a 50% or greater retrace. And my goodness, look at that magnificent 24-box column of green Xs off of the Crazy COVID Crash.\n\nHere's the standard 1% box chart:\n\n[https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR\\[PA\\]\\[D\\]\\[F1!3!1!!0!20\\]](https://stockcharts.com/freecharts/pnf.php?c=%24BTCUSD,PGPADEYRNR[PA][D][F1!3!1!!0!20])\n\nScroll to the bottom and twiddle with the settings if you want. It's Friday, have fun.", '12lj2a0'], ['u/Stammerama', 11, '2023-04-14 14:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7y8dj/', 'Thanks for filling up my FOMO tank :D', '12lj2a0'], ['u/xtal_00', 11, '2023-04-14 14:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg7yusw/', 'Appreciate these. TY', '12lj2a0'], ['u/GhostEntropy', 13, '2023-04-14 14:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8196f/', 'DataDash going short. This is bullish.', '12lj2a0'], ['u/xtal_00', 10, '2023-04-14 15:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg82ea2/', "Degen play didn't go, but took an entry at 30600. Support is forming higher.", '12lj2a0'], ['u/AccidentalArbitrage', 17, '2023-04-14 16:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8b04t/', '"Influencers", YouTubers, etc are most likely all trading with $100. They make outlandish predictions to get clicks and views, that\'s where they make their real money, not by trading.\n\nI\'ve never understood why, as a society, we give these clowns attention. Maybe I\'m finally getting old...', '12lj2a0'], ['u/EquitiesFIRE', 13, '2023-04-14 16:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8iiak/', 'Weekly looks great', '12lj2a0'], ['u/xtal_00', 17, '2023-04-14 17:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8k495/', 'All in at 30400.', '12lj2a0'], ['u/roadworn', 10, '2023-04-14 17:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8my23/', 'I know you\'ve been making lots of good trades, but I would suggest that regarding your own profits as "house money" is not a good trading mindset.', '12lj2a0'], ['u/xtal_00', 12, '2023-04-14 17:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8n5oc/', 'Knives hurt.\n\nBack in at 30280.\n\nI do this partially for entertainment, and to keep my eyes off the cold storage. This money won’t make a difference unless I double it a few more times.', '12lj2a0'], ['u/VictorCobra', 24, '2023-04-14 17:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/12lj2a0/daily_discussion_friday_april_14_2023/jg8pstp/', 'Someone posted earlier this week about "the most hated bull run," and this inspired me to write a [new lengthly post](https://www.tradingview.com/chart/BTCUSD/Vpig0Eg0-Bitcoin-Crypto-and-The-Virus-of-Greed/) on TradingView.\n\nPlus, now that Bitcoin is flirting with $31k and approaching the 100 week MA, it\'s time for a TA / FA update. At this point, many of you already know my fundamental analysis on Bitcoin really soured during the last bull run. But I\'m still around, perusing this sub usually once a day.\n\nIf you don\'t care for what I have to say, please don\'t read my post, as it remains quite negative about Bitcoin.\n\nBest of luck trading to everyone! Hope you guys have been able to profit well with the recent price action. A larger rally was d...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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30318.50, 30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50, 27591.38, 27525.34
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nThe TrueUSD (TUSD)stablecoin’smarket share in bitcoin (BTC) trading volume on Binance is catching up to Tether’sUSDTfollowing the exchange’s zero fee trading discount, but data shows traders are still reluctant to useTUSD, according to crypto data firm Kaiko.\nBetween Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's.\n“This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.\nHowever, TUSD’s growth could not offset the rapid decline in the BTC-USDT pair’strading volumeafter Binance waived its zero fee discount for Tether, according to Kaiko data. Moreover, larger buy and sell orders are still placed for the USDT pair, per Kaiko.“This suggests that traders are still reluctant to use TUSD despite zero fees,” Medalie added.\nTUSD’s rise has come as Binance, the world’s largest crypto exchange by trading volume, picked the token as heir of its preferred Binance USD (BUSD) stablecoin issued by Paxos Trust.\nThe exchange restored trading with TUSD after asix-month pauseafter Paxos’ decision to stop issuing BUSD and assigned its zero-fee trading discount to the BTC-TUSD pair and waived the promotion from BUSD and USDT starting on March 22.\nThe $132 billion stablecoin market is undergoing a major upheaval stemming from a regulatory crackdown and a banking crisis in the U.S. In February, the New York Department of Financial Services (NYFDS), the state’s top financial regulator, forced Paxos tocease mintingBUSD, the third largest stablecoin with a $16 billion market cap. Last month, thecollapseof crypto-friendly Silicon Valley Bank, reserve partner of the second largest stablecoinUSDC, sentshockwavesthrough the market. In the aftermath, USDCsufferedmore than $10 billion in outflows.\nTether’s USDT and TUSD have emerged as clear winners of the crisis. TUSD has become the crypto market’sfifth largest stablecoinwith a $2 billion market cap. USDT’s circulating supply has grown $10 billion in the past months and is closing in on its all-time high.\nStablecoinsare a crucial element in the crypto ecosystem, facilitating trading on exchanges and serving as a bridge between government-issued fiat money and digital assets.\nTUSD is a dollar-pegged stablecoin issued by crypto firmArchBlock, previously known as TrustToken. Its value is fully backed by fiat assets, according to blockchain data provider ChainLink’sproof-of-reserve monitoring tool. In 2020, a little-known Asian conglomerate Techteryx acquired TUSD’s intellectual property rights, TrustTokensaidat the time.", "Join the most important conversation in crypto and web3! Secure your seat today\nThe TrueUSD (TUSD)stablecoin’smarket share in bitcoin (BTC) trading volume on Binance is catching up to Tether’sUSDTfollowing the exchange’s zero fee trading discount, but data shows traders are still reluctant to useTUSD, according to crypto data firm Kaiko.\nBetween Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's.\n“This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.\nHowever, TUSD’s growth could not offset the rapid decline in the BTC-USDT pair’strading volumeafter Binance waived its zero fee discount for Tether, according to Kaiko data. Moreover, larger buy and sell orders are still placed for the USDT pair, per Kaiko.“This suggests that traders are still reluctant to use TUSD despite zero fees,” Medalie added.\nTUSD’s rise has come as Binance, the world’s largest crypto exchange by trading volume, picked the token as heir of its preferred Binance USD (BUSD) stablecoin issued by Paxos Trust.\nThe exchange restored trading with TUSD after asix-month pauseafter Paxos’ decision to stop issuing BUSD and assigned its zero-fee trading discount to the BTC-TUSD pair and waived the promotion from BUSD and USDT starting on March 22.\nThe $132 billion stablecoin market is undergoing a major upheaval stemming from a regulatory crackdown and a banking crisis in the U.S. In February, the New York Department of Financial Services (NYFDS), the state’s top financial regulator, forced Paxos tocease mintingBUSD, the third largest stablecoin with a $16 billion market cap. Last month, thecollapseof crypto-friendly Silicon Valley Bank, reserve partner of the second largest stablecoinUSDC, sentshockwavesthrough the market. In the aftermath, USDCsufferedmore than $10 billion in outflows.\nTether’s USDT and TUSD have emerged as clear winners of the crisis. TUSD has become the crypto market’sfifth largest stablecoinwith a $2 billion market cap. USDT’s circulating supply has grown $10 billion in the past months and is closing in on its all-time high.\nStablecoinsare a crucial element in the crypto ecosystem, facilitating trading on exchanges and serving as a bridge between government-issued fiat money and digital assets.\nTUSD is a dollar-pegged stablecoin issued by crypto firmArchBlock, previously known as TrustToken. Its value is fully backed by fiat assets, according to blockchain data provider ChainLink’sproof-of-reserve monitoring tool. In 2020, a little-known Asian conglomerate Techteryx acquired TUSD’s intellectual property rights, TrustTokensaidat the time.", 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful.\xa0Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund or the 3iQ Bitcoin ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ --\xa03iQ Corp. ("3iQ"), is reminding holders of units (the "Units") of The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) (the "3iQ Fund") of the options available to them in connection with the upcoming annual redemption of Units. These options are (i) a voluntary option to convert all or part of their Units into units of the 3iQ Bitcoin ETF (the "3iQ ETF") (TSX: BTCQ) (TSX: BTCQ.U), (ii) an in-kind redemption for bitcoin , and (iii) redemption for cash at 100% of net asset value per Unit. The annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Gemini Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for bitcoin . Bitcoin delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States . This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction of the United States . The Funds\' securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States , and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United Press Contact: States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States . Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2023/14/c3536.html', 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful.\xa0Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund or the 3iQ Bitcoin ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ --\xa03iQ Corp. ("3iQ"), is reminding holders of units (the "Units") of The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) (the "3iQ Fund") of the options available to them in connection with the upcoming annual redemption of Units. These options are (i) a voluntary option to convert all or part of their Units into units of the 3iQ Bitcoin ETF (the "3iQ ETF") (TSX: BTCQ) (TSX: BTCQ.U), (ii) an in-kind redemption for bitcoin , and (iii) redemption for cash at 100% of net asset value per Unit. The annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Gemini Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for bitcoin . Bitcoin delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States . This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction of the United States . The Funds\' securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States , and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United Press Contact: States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States . Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2023/14/c3536.html', 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful.\xa0Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund or the 3iQ Bitcoin ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ --\xa03iQ Corp. ("3iQ"), is reminding holders of units (the "Units") of The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) (the "3iQ Fund") of the options available to them in connection with the upcoming annual redemption of Units. These options are (i) a voluntary option to convert all or part of their Units into units of the 3iQ Bitcoin ETF (the "3iQ ETF") (TSX: BTCQ) (TSX: BTCQ.U), (ii) an in-kind redemption for bitcoin , and (iii) redemption for cash at 100% of net asset value per Unit. The annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Gemini Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for bitcoin . Bitcoin delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States . This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction of the United States . The Funds\' securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States , and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United Press Contact: States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States . Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2023/14/c3536.html', 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful. Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Ether Fund or the 3iQ Ether ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ -- 3iQ Corp. ("3iQ"), is pleased to announce that holders of units (the "Units") of The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) (the "3iQ Fund") will have two additional options in connection with the upcoming annual redemption of Units: (i) a voluntary option to convert all or part of their Units into units of the 3iQ Ether ETF (the "3iQ ETF")3(TSX: ETHQ) (TSX: ETHQ.U), and (ii) an in-kind redemption for ether. A redemption for cash at 100% of net asset value per Unit continues to be available. The first annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Coinbase Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for ether. Ether delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO: E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Ether ETF and the annual information form of The Ether Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Ether ETF and the annual information form of The Ether Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States . This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction of the United States . The Funds\' securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States , and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States , absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States . Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2023/14/c2491.html', 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful. Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Ether Fund or the 3iQ Ether ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ -- 3iQ Corp. ("3iQ"), is pleased to announce that holders of units (the "Units") of The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) (the "3iQ Fund") will have two additional options in connection with the upcoming annual redemption of Units: (i) a voluntary option to convert all or part of their Units into units of the 3iQ Ether ETF (the "3iQ ETF")3(TSX: ETHQ) (TSX: ETHQ.U), and (ii) an in-kind redemption for ether. A redemption for cash at 100% of net asset value per Unit continues to be available. The first annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Coinbase Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for ether. Ether delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO: E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Ether ETF and the annual information form of The Ether Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Ether ETF and the annual information form of The Ether Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. IMPORTANT NOTICES THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States . This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction of the United States . The Funds\' securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States , and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States , absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States . Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. SOURCE 3iQ Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2023/14/c2491.html', 'Lucas Jackson/Reuters US stocks moved lower on Friday as investors weighed solid bank earnings against weak retail sales data. JPMorgan, Wells Fargo, and Citigroup all posted better-than-feared earnings that indicated a resilient economy. But retail sales dropped 1% in March as consumers scaled back big-ticket purchases. US stocks fell on Friday as investors sifted through the first wave of first-quarter earnings from the largest US banks and digested new economic data. JPMorgan , Wells Fargo , and Citigroup all posted better-than-expected results as the banks benefited from a surge in interest rates. The banks also offered a solid outlook on future net interest income, and JPMorgan\'s CEO said the economy remains resilient. "The US economy continues to be on generally healthy footings — consumers are still spending and have strong balance sheets, and businesses are in good shape," Jamie Dimon said. But weak retail data in March weighed down stocks. Sales fell 1% last month, more than the expected drop of 0.4%. The retail sales data extended the decline seen in February and was driven by consumers pulling back on big-ticket item purchases like cars. "A handful of earnings releases today from large banks exceeded expectations, but any resulting optimism is being tempered by retail sales data pointing to tapped-out consumers against the backdrop of an economy that is running on fumes," Interactive Brokers\' senior economist José Torres said. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,137.64, down 0.21% Dow Jones Industrial Average : 33,886.47, down 0.42% (143.22 points) Nasdaq Composite : 12,123.47, down 0.35% Here\'s what else is happening this morning: A top investor in\xa0Charles Schwab dumped its entire $1.4 billion stake as the brokerage fell victim to turmoil in the banking sector. There is no banking crisis, and unease in the sector will help the Federal Reserve to cool inflation, the head of the International Monetary Fund says. Jeremy Grantham said the S&P 500 will tank at least 27% as a recession hits the economy. Ether has surged to top $2,000 and is trading at an 11-month high after the ethereum network completed a long-awaited upgrade that unlocks some investors\' tokens. Jimmy and Dee Haslam are set to buy a minority stake in the Milwaukee Bucks after they sold their gas station business to Warren Buffett\'s Berkshire Hathaway. Retail investors are sitting on losses in 2023 despite a surprising rally in stocks, with the average individual investor\'s portfolio down about 27% year-to-date. Story continues In commodities, bonds and crypto: West Texas Intermediate crude oil rose 0.58% to $82.64 per barrel. Brent crude , oil\'s international benchmark, jumped 0.41% to $86.44. Gold fell 1.7% to $2,020.30 per ounce. The yield on the 10-year Treasury jumped seven basis points to 3.52%. Bitcoin fell 1.26% to $30,348, while ether fell 1.10% to $2,088. Read the original article on Business Insider', 'Apr. 14—In just a few hours across two days in 2012, a 21-year-old stole roughly 50,000 Bitcoin that is now worth billions of dollars.\nRoughly nine years later, authorities searched James "Jimmy" Zhong\'s Gainesville lake house and found most of it in an underground floor safe and a computer stored in a popcorn tin.\nZhong, 32, pleaded guilty in November to wire fraud and was sentenced Friday, April 14 in the Southern District of New York to a year and a day in prison by U.S. District Judge Paul Gardephe.\nZhong was accused of taking roughly 50,000 Bitcoin from the site known as Silk Road, a darknet black market.\nThe prosecution said the investigation into Zhong led them to roughly 51,680 Bitcoin worth more than $3.4 billion when it was seized. As of March 30, it was worth $1.48 billion.\nZhong was ordered to forfeit $661,900 in U.S. currency found at his home, 25 physical coins worth 174 Bitcoin and 154 Bitcoin seized from various locations. He was also ordered to give up his 80% interest in a Memphis-based company with real estate holdings, in which Zhong had invested about $9.5 million of his proceeds.\nThe sentencing guideline for wire fraud ranges from 27 to 33 months in prison.\nThe defense was seeking a sentence of five years of probation combined with a period of home detention.\nThe prosecution wrote that a sentence involving prison time was necessary given the severity of Zhong\'s actions and his attempts to conceal his identity.\n"Indeed, in the 51 months before law enforcement\'s overt search of Zhong\'s residences, Zhong dissipated approximately $16 million of crime proceeds, spending lavishly on real estate investments, luxury products, travel, hotels, nightclubs and other expenses," according to the prosecution\'s memo.\nThe prosecution detailed Zhong\'s "high standard of living that he maintained even with untainted proceeds," which included two homes, multiple Lamborghinis, a boat, multiple jet skis and a motorcycle "backstopped by the safety net of billions of dollars of Silk Road crime proceeds that he also possessed."\nThere were roughly 1.5 million transactions over Silk Road between February 2011 and October 2013 involving roughly 9.9 million Bitcoin, the vast majority of which were for drugs, according to the prosecution.\nIn 2019, the Internal Revenue Service and the federal government began investigating roughly 53,500 of Bitcoin connected to Silk Road and its creator, Ross Ulbricht.\nUlbricht was sentenced in 2015 to life in prison after being convicted on distributing narcotics, conspiring to commit computer hacking, conspiring to commit money laundering and other charges.\nThe investigation revealed Zhong exploited a weak spot in Silk Road\'s payment processing system, transferring at least 50,000 Bitcoin from Silk Road\'s addresses into his own.\nBefore the government searched his home, Zhong was "evasive and untruthful to a cryptocurrency exchange" about where his wealth originated from, claiming that it was trading profits or Bitcoin he had mined\n"Zhong repeatedly boasted, in various public message board posts, about his state-of-the art computer setup and security measures deployed at his residences," according to the prosecution. "(The IRS)\'s cyber team personally observed and confirmed the astounding technical sophistication of Zhong\'s home operations."\nThese included multiple computer servers, virtual private networks and numerous layers of encryption, the prosecution said.\nLaw enforcement searched Zhong\'s Gainesville lake house Nov. 9, 2021, and found more than 50,000 Bitcoin in devices in an underground floor safe and a computer stored in a popcorn tin.\nRoughly a year after the search, Zhong waived indictment and pleaded guilty to wire fraud.\nThe prosecution recommended a sentence of less than two years incarceration.\nZhong\'s legal team — Michael Bachner, Donald Samuel, John Garland and Amanda Clark Palmer, submitted a sentencing memo ahead of Friday\'s sentencing.\nZhong\'s defense wrote that at the time of the fraud the Bitcoin was worth $620,000 and appreciated greatly.\nZhong\'s defense wrote that Ulbricht contacted Zhong about how he took the Bitcoin but never asked for it to be returned.\n"Rather, he thanked Jimmy for his candor and sent him, unsolicited, additional Bitcoin," Zhong\'s defense wrote. "Silk Road\'s response to Jimmy\'s conduct is hardly the response of a victim."\nZhong\'s defense wrote that their client, who is autistic, was "the product of a dysfunctional family and childhood."\n"From childhood until high school, Jimmy was severely bullied and victimized by his peers because he was different — he was extremely shy, overweight and most significantly, suffered from undiagnosed autism spectrum disorder," they wrote. "Having no friends or family he could turn to, Jimmy found solace and friendship in the world of his computer."\nZhong\'s defense wrote that Zhong never encouraged or told others how to exploit the flaw in Silk Road\'s payment processing. They also argued that Ulbricht "is not a \'victim\' in the true sense of the word," because it was tied to Ulbricht\'s criminal behavior.\nFriends described Zhong in letters to Judge Gardephe as an "honest and loving character" while another called him "the most loyal, caring and empathetic individual I have ever met."\n"He never fails to volunteer himself to lend a hand to anyone in need, and his dedication and commitment have been appreciated by everyone," one friend wrote. "Jimmy has been a role model for young people in our community and has helped them in shaping their future."\nThe prosecution also noted that three of Zhong\'s letter writers received millions of dollars of gifts from Zhong "albeit perhaps unknowingly to them in the form of Silk Road crime proceeds."\nSince his arrest, Zhong has worked as a ride-share driver and started a new business.\nThe government started liquidating roughly 9,860 Bitcoin for more than $215 million.', 'Apr. 14—In just a few hours across two days in 2012, a 21-year-old stole roughly 50,000 Bitcoin that is now worth billions of dollars.\nRoughly nine years later, authorities searched James "Jimmy" Zhong\'s Gainesville lake house and found most of it in an underground floor safe and a computer stored in a popcorn tin.\nZhong, 32, pleaded guilty in November to wire fraud and was sentenced Friday, April 14 in the Southern District of New York to a year and a day in prison by U.S. District Judge Paul Gardephe.\nZhong was accused of taking roughly 50,000 Bitcoin from the site known as Silk Road, a darknet black market.\nThe prosecution said the investigation into Zhong led them to roughly 51,680 Bitcoin worth more than $3.4 billion when it was seized. As of March 30, it was worth $1.48 billion.\nZhong was ordered to forfeit $661,900 in U.S. currency found at his home, 25 physical coins worth 174 Bitcoin and 154 Bitcoin seized from various locations. He was also ordered to give up his 80% interest in a Memphis-based company with real estate holdings, in which Zhong had invested about $9.5 million of his proceeds.\nThe sentencing guideline for wire fraud ranges from 27 to 33 months in prison.\nThe defense was seeking a sentence of five years of probation combined with a period of home detention.\nThe prosecution wrote that a sentence involving prison time was necessary given the severity of Zhong\'s actions and his attempts to conceal his identity.\n"Indeed, in the 51 months before law enforcement\'s overt search of Zhong\'s residences, Zhong dissipated approximately $16 million of crime proceeds, spending lavishly on real estate investments, luxury products, travel, hotels, nightclubs and other expenses," according to the prosecution\'s memo.\nThe prosecution detailed Zhong\'s "high standard of living that he maintained even with untainted proceeds," which included two homes, multiple Lamborghinis, a boat, multiple jet skis and a motorcycle "backstopped by the safety net of billions of dollars of Silk Road crime proceeds that he also possessed."\nThere were roughly 1.5 million transactions over Silk Road between February 2011 and October 2013 involving roughly 9.9 million Bitcoin, the vast majority of which were for drugs, according to the prosecution.\nIn 2019, the Internal Revenue Service and the federal government began investigating roughly 53,500 of Bitcoin connected to Silk Road and its creator, Ross Ulbricht.\nUlbricht was sentenced in 2015 to life in prison after being convicted on distributing narcotics, conspiring to commit computer hacking, conspiring to commit money laundering and other charges.\nThe investigation revealed Zhong exploited a weak spot in Silk Road\'s payment processing system, transferring at least 50,000 Bitcoin from Silk Road\'s addresses into his own.\nBefore the government searched his home, Zhong was "evasive and untruthful to a cryptocurrency exchange" about where his wealth originated from, claiming that it was trading profits or Bitcoin he had mined\n"Zhong repeatedly boasted, in various public message board posts, about his state-of-the art computer setup and security measures deployed at his residences," according to the prosecution. "(The IRS)\'s cyber team personally observed and confirmed the astounding technical sophistication of Zhong\'s home operations."\nThese included multiple computer servers, virtual private networks and numerous layers of encryption, the prosecution said.\nLaw enforcement searched Zhong\'s Gainesville lake house Nov. 9, 2021, and found more than 50,000 Bitcoin in devices in an underground floor safe and a computer stored in a popcorn tin.\nRoughly a year after the search, Zhong waived indictment and pleaded guilty to wire fraud.\nThe prosecution recommended a sentence of less than two years incarceration.\nZhong\'s legal team — Michael Bachner, Donald Samuel, John Garland and Amanda Clark Palmer, submitted a sentencing memo ahead of Friday\'s sentencing.\nZhong\'s defense wrote that at the time of the fraud the Bitcoin was worth $620,000 and appreciated greatly.\nZhong\'s defense wrote that Ulbricht contacted Zhong about how he took the Bitcoin but never asked for it to be returned.\n"Rather, he thanked Jimmy for his candor and sent him, unsolicited, additional Bitcoin," Zhong\'s defense wrote. "Silk Road\'s response to Jimmy\'s conduct is hardly the response of a victim."\nZhong\'s defense wrote that their client, who is autistic, was "the product of a dysfunctional family and childhood."\n"From childhood unt
**Last 60 Days of Bitcoin's Closing Prices:**
[22220.80, 24307.84, 23623.47, 24565.60, 24641.28, 24327.64, 24829.15, 24436.35, 24188.84, 23947.49, 23198.13, 23175.38, 23561.21, 23522.87, 23147.35, 23646.55, 23475.47, 22362.68, 22353.35, 22435.51, 22429.76, 22219.77, 21718.08, 20363.02, 20187.24, 20632.41, 22163.95, 24197.53, 24746.07, 24375.96, 25052.79, 27423.93, 26965.88, 28038.68, 27767.24, 28175.82, 27307.44, 28333.97, 27493.29, 27494.71, 27994.33, 27139.89, 27268.13, 28348.44, 28033.56, 28478.48, 28411.04, 28199.31, 27790.22, 28168.09, 28177.98, 28044.14, 27925.86, 27947.79, 28333.05, 29652.98, 30235.06, 30139.05, 30399.07, 30485.70]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-15
**Financial & Commodity Data:**
- Gold Closing Price: $2002.20
- Crude Oil Closing Price: $82.52
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $588,240,024,094
- Hash Rate: 376121161.0021483
- Transaction Count: 276185.0
- Unique Addresses: 644020.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name. Founded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks. The subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze. The subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched a cyrpto-specific subreddit in the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, and sporting the logo’s yellow hair. But long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according to Rogozinski’s filed complaint . Reddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.” Story continues “Reddit’s justification was a pretext—people use Reddit to market and sell everything from investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.” WallStreetBets Founder Wants to Make Stocks More Like Crypto Of the seven other claims for which the founder seeks damages—which total at least $1 million, according to Reuters —Rogozinski also claimed Reddit infringed on a federally registered trademark. In late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.” The lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.” WallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin Reddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson told Decrypt via email. “This lawsuit is another transparent attempt to enrich himself.” The company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk. “It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”...
- Reddit Posts (Sample): [['u/OneThatNoseOne', 'SEC head Gensler has come out and criticised crypto firms for not following the law. To what law does he refer to?', 146, '2023-04-15 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/', 'Gensler recently made a statement that "Crypto platforms ‘are acting as if they have a choice to comply with our laws". This was among his recent remarks with regard to the industry. He made further allegations against crypto firms continuing, "“Calling yourself a crypto platform is not an excuse to ignore the securities laws. Calling yourself a DeFi platform is not an excuse to defy the securities laws.”\n\nI can only ask in response to this, WHAT laws is he referring to. Staking as a service was never stated to be against securities law before the SEC suddenly said it was and started handing out fines. It doesn\'t really matter if you view them as being securities, the fact is that the laws were murky around it and the SEC failed to give notice, guidelines or clarity in advance. Or maybe he is referring to the tokens and coins that are classified as securities. Gensler himself has wavered back and forth on very topic stating at one time that only BTC and ETH were commodites, then backtracking to only BTC is a commodity, saying at another time that **all** tokens are securities and also vaguely admitting that *some* stablecoins are commodities, but refusing to say which. This issue is only made less clear as the CFTC named BTC, LTC, ETH, BUSD, USDT and some other unamed tokens as commodities in their suit against Binance.\n\nOver the years he has also ordered a number of exchanges to comply under securities law, but how is that possible when they can\'t even state which tokens and coins are securities. We could also flip across to the secret meetings and privileged regulations FTX and SBF were entitled to under Gensler\'s watch and likely by his very hand. This whole thing is shambolic.', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/', '12mg30c', [['u/The-Francois8', 30, '2023-04-15 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgaf7wa/', 'The Gary Codes. \n\nThey’re top secret. He won’t tell you what they are… until you break one.', '12mg30c'], ['u/z0uNdz', 20, '2023-04-15 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgafdkq/', 'This is the main issue. The SEC used to say “come in and talk to us”. Yet when firms do they provide no clarity on what to do.\n\nCoinbase has come out and said this. They met with the SEC multiple times yet they never get any resolution on trying to register or comply with laws bc they do not exist', '12mg30c'], ['u/Parush9', 13, '2023-04-15 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgagz6v/', 'Over the year they had about 30 Meetings . It was a big fail thanks GG the prick.', '12mg30c'], ['u/betweenthebars34', 63, '2023-04-15 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgaj4qu/', "He sure as fuck doesn't make Citadel follow the law. Start there, Gensley.", '12mg30c'], ['u/LivingDracula', 12, '2023-04-15 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgbfwcu/', "He's referring to these laws..\n\nSecurities Act of 1933.\n\n\nSecurities Exchange Act of 1934.\n\n\nTrust Indenture Act of 1939.\n\n\nInvestment Company Act of 1940.\n\n\nInvestment Advisers Act of 1940.\n\n\nSarbanes-Oxley Act of 2002\n\n\nAre you trolling or just ignorant?\n\nCrypto wallets for all intensive purposes are just number accounts, for example. KYC laws require you sign a document whenever you have a numbered account. There's also rule 144, which Binance and many other exchanges have violated every single time they bought or sold more than 5% of the supply of a crypto. Regulation A, has to do with crowdfunding limits and certainly should be applied to ICO's. \n\n\nIn other words, it's not that the SEC hasn't provided guidance, etc. It's that people in the space are acting dumb, breaking the existing laws and regulations by pretending a new technology makes them exempt, which isn't necessarily the case...", '12mg30c']]], ['u/kbeckes1', 'Will rising crypto values help Celsius out of bankruptcy?', 19, '2023-04-15 02:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/', 'With ETH over $2000 and BTC over $30,000, this should help Celsius out of bankruptcy and get more of our money back. Right??', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/', '12mkgkf', [['u/No_Water_5763', 10, '2023-04-15 05:01', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbcg9x/', 'Nope. This ponzi is over. Celsius as a company is gone. Even if btc rises to 1 million. Both Celsius and you know you are gonna withdraw at the first opportunity. They will use chap 11 to milk more of our money.', '12mkgkf'], ['u/slibetah', 26, '2023-04-15 05:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbfo78/', 'It will help Alex’s legal fees and acquiring 2024 model luxury cars. The 2021 fleet is a little long in the tooth.', '12mkgkf'], ['u/MVIVN', 51, '2023-04-15 07:22', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbpy4p/', "Even if btc hits ath tomorrow we're not gonna get our money back any time soon. I truly hate that I ever put any money in this worthless company to be managed by these scummy criminals in the first place. Makes my blood boil.", '12mkgkf'], ['u/ValeriePage', 15, '2023-04-15 11:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgc89ym/', 'Our money is going towards keeping Alex out of prison.', '12mkgkf'], ['u/T1Pimp', 19, '2023-04-15 16:10', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgcxxr9/', 'To be fair, you/we were lied to at every fucking turn by Mashinsky and Co.', '12mkgkf']]], ['u/cperch5', 'Do what they do not what they say', 28, '2023-04-15 03:04', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/', 'Warren has consistently held one stock forever. BAC. Warren publicly says crypto/btc is worthless yet BAC has the most crypto patents in the world. BAC and Fidelity also bought a combined 85 million worth of MicroStrategy in Q1. Hmm I wonder why.\n\nThey try to scare the public away so they can position themselves to profit off us. It’s all a game.', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/', '12mkllm', [['u/Umpire_State_Bldg', 13, '2023-04-15 03:22', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/jgb0ulq/', 'Why would any reasonable person give a fuck what Buffett says about anything - especially Bitcoin?', '12mkllm'], ['u/ride_the_LN', 11, '2023-04-15 06:27', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/jgbl51j/', 'Elizabeth Warren Buffett has entered the chat', '12mkllm']]], ['u/akdbaker816', 'When to stop DCA?', 24, '2023-04-15 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/', "Was curious on others opinions that have been in the market longer as to when to stop DCA. I had a plan to begin investing in BTC and other projects once BTC hit sub 30k. Proud of myself as I waited patiently for this mark and stuck to my contributions every week. As we pass 30k on the uptrend I'm curious on when others stopped DCA.\n\nOf course I wish I had a larger position. Honestly didn't think we'd hit these levels this fast and have been feeling kind of torn between continuing and the fact I wouldn't pay at these prices not too long ago.", 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/', '12mknzv', [['u/Mr_Bob_Ferguson', 21, '2023-04-15 03:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/jgb0wxh/', '* DCA is just the method used to average out your buy or sell price over a period of time for any type of investment.\n* Most people implement DCA for things such as index funds for the purpose of buying right through to the point where they have enough of a revenue stream to live from. That\'s their goal.\n\nSo instead, the question is "what is your investment goal"?\n\nThen you work backwards to determine how crypto, and DCA, might work towards that goal.\n\nIt sounds like you have more of a question about "asset allocation". Where the answer is normally "you put your money into whatever you believe will provide you with the best return over time".\n\nIf you don\'t think crypto will go up over the long term, or you have somewhere better to put your money, then you put it that somewhere else instead (you allocate your assets elsewhere).', '12mknzv'], ['u/Bostonparis', 13, '2023-04-15 05:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/jgbevi2/', "I'm personally gonna stop when USDT hits $2", '12mknzv']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, April 15, 2023', 36, '2023-04-15 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/', '12mp6m8', [['u/Ok_File_9520', 15, '2023-04-15 06:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgbl92e/', 'The most notable distinction in this bear market was that Bitcoin never went away from the public eye (either positive or negative). I think that may play a big role in how long this bear market will be and I am being it will be much shorter.', '12mp6m8'], ['u/adichandra', 10, '2023-04-15 08:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgbtbir/', 'Long again @30k. Take profit at 32400. Let’s do this!', '12mp6m8'], ['u/CupNoodlesKing', 11, '2023-04-15 08:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgbtnda/', 'HODL and hoard satoshis guys see you at 1 dollar', '12mp6m8'], ['u/PatientlyWaitingfy', 17, '2023-04-15 09:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgc1dyb/', "I've decided to buy Coldcard as my hardware wallet. Soon there will be even less BTC in circulation.\n\nEdit: To keep it trading relevant, the plan is to withdraw a percentage of trading profits to cold storage routinely.", '12mp6m8'], ['u/Inevitable-0246', 12, '2023-04-15 12:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgccnl9/', 'Coldcard is great as long as you are prepared to spend the effort to carefully learn to setup and use it properly. CC was what I decided to go with as a beginner a while back, primarily for the ability to be forever airgapped. I have 2 CC with multiple wallets (via passphrases) belonging to different members and entities in our family group.\n\nYes, anything that does not need to stay hot on exchange, e.g. not for active trading, is held via CC.', '12mp6m8'], ['u/xtal_00', 10, '2023-04-15 15:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgcq0tr/', 'This will be sorted at the polls. I am worried much of the social advance will be collateral damage.\n\nTo attempt to keep this on topic, this madness is only possible because fiat allows a general tax on the entire economy of which most are ignorant.\n\nBitcoin fixes this.. and yes, there is a fight coming.', '12mp6m8'], ['u/Riker-Was-Here', 21, '2023-04-15 19:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgdqfiq/', 'who cares? poor people gonna poor. always have. always will. you get bitcoin at the price you deserve. those who cared enough to learn about the topic are protected. we got into the lifeboat. the other passengers on the titanic can continue to drink champagne and eat caviar and laugh at us fools getting into the lifeboats, but we will have the last laugh when the ship goes down. concern yourself with saving yourself, and then your family, let the rest fend for themselves.', '12mp6m8'], ['u/buckwheatloaves', 12, '2023-04-15 20:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgdzib4/', 'so blockfi liquidated 2k bitcoin of collateral to cover a 30millions usdc loan to the *sovereign fund of bhutan* and then came after them for 820k they were still short :0\n\nwtf lol', '12mp6m8'], ['u/cousin_brian', 14, '2023-04-15 22:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jgecyby/', 'True. You can’t draw boobs with bitcoins', '12mp6m8'], ['u/Shibenaut', 11, '2023-04-15 22:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/jged7a4/', 'Not with that attitude', '12mp6m8']]], ['u/rBitcoinMod', 'Daily Discussion, April 15, 2023', 48, '2023-04-15 08:01', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.\n\nPlease check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/12lmcvw/daily_discussion_april_14_2023/) for unanswered questions.", 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/', '12ms321', [['u/Relai_Alex', 12, '2023-04-15 09:20', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/jgbz1ah/', 'Happy weekend everyone! \n\nLow time preference and enjoy the cheap sats.', '12ms321'], ['u/TomLaies', 11, '2023-04-15 09:39', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/jgc0duj/', 'I wrote a short Post on Stacker News about [The unsung Heroes of Bitcoin, Cryptography](https://stacker.news/items/164854). I hope you come over and check it out :)', '12ms321'], ['u/Relai_Alex', 13, '2023-04-15 13:47', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/jgcibxj/', "Thanks for mentions, I love to read comments from happy customers 💙\n\nAs for KYC, we're not asking for an ID if the customer buys up to €900, but there's a kind of KYC happening from the details linked to their IBAN.\n\nIf someone's after true NON-KYC'd coins, a P2P exchange like BISQ is a better option, IMHO.", '12ms321'], ['u/escodelrio', 17, '2023-04-15 15:57', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/jgcwame/', 'Historical Bitcoin prices for today, April 15th:\r \n\r \n2023 - $30,552\r \n2022 - $40,311\r \n2021 - $63,224\r \n2020 - $6,727\r \n2019 - $5,033\r \n2018 - $8,357\r \n2017 - $1,181\r \n2016 - $430\r \n2015 - $224\r \n2014 - $520\r \n2013 - $82\r \n2012 - $5\r \n2011 - $1\r \n\r \nVia [Twitter](https://twitter.com/btchistorical/status/1647193560691752961?s=20).', '12ms321'], ['u/TweeknTekneek', 14, '2023-04-15 16:00', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/jgcwofs/', 'Hilary Clinton acts like BTC is the reason our economy is falling apart and not because of political incompetence', '12ms321'], ['u/Umpire_State_Bldg', 13, '2023-04-15 16:48', 'https://www.reddit.com/r/Bitcoin/comments/12ms321/daily_discussion_april_15_2023/jgd2z04/', 'Why would any reasonable person give a fuck about what she says about anything, especially about Bitcoin?', '12ms321']]], ['u/Low_CharacterAdd', "I thought Gen 3 would've sold out", 17, '2023-04-15 15:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12n39kv/i_thought_gen_3_wouldve_sold_out/', 'I\'m kinda surprised that a lot of these Gen 3 avatars are still available. I got 5 because I thought they were cool and affordable thinking made in the future I could flip them for moons or just hang onto them and see what comes of them.\n\nBut I feeling this launch went to shit once all the bots bought the "cooler" ones. I\'m a degen just as much as the rest but I\'d like to know where everyone stands when It comes to Gen 3 avatars. Why didn\'t they sell out like the past two? And are we waiting for a 4th Gen to drop? Or is there even going to be a Gen 4 series?\n\nAnd on a side note, BTC to ath by the end of the year!', 'https://www.reddit.com/r/CryptoCurrency/comments/12n39kv/i_thought_gen_3_wouldve_sold_out/', '12n39kv', [['u/Kappatalizable', 17, '2023-04-15 16:00', 'https://www.reddit.com/r/CryptoCurrency/comments/12n39kv/i_thought_gen_3_wouldve_sold_out/jgcwnaa/', 'There are a lot of mints available this Generation compared to the previous ones. They will sell out still, just incredibly slower than Gen2', '12n39kv'], ['u/Plasticites', 14, '2023-04-15 16:28', 'https://www.reddit.com/r/CryptoCurrency/comments/12n39kv/i_thought_gen_3_wouldve_sold_out/jgd0c7w/', 'It will. The 4.99 avatars still in the store as well as other cheaper ones are another form of onboarding new people so they don’t have to fork out $200 and can start small. I’m glad there’s still some for sale', '12n39kv'], ['u/VIVOffical', 39, '2023-04-15 16:50', 'https://www.reddit.com/r/CryptoCurrency/comments/12n39kv/i_thought_gen_3_wouldve_sold_out/jgd39vh/', 'There was 375,000 avatars. There’s not even close to that many people in either of the main subs.\n\nReddit designed these to sit. They wanted to store to be open to increase adoption.', '12n39kv'], ['u/CatBoy191114', 11, '2023-04-15 17:02', 'https://www.reddit.com/r/CryptoCurrency/comments/12n39kv/i_thought_gen_3_wouldve_sold_out/jgd4yxa/', 'I love the $4.99 ones. This gen I didn\'t care about the "investment" aspect. Seeing some cheap ones that I genuinely found quite funny and entertaining was nice.', '12n39kv']]], ['u/Maveko_YuriLover', 'If the entire world stops to use fiat money (dólar, yen , euro...) and start to use only Bitcoin the world would be?', 27, '2023-04-15 16:36', 'https://www.reddit.com/r/polls/comments/12n53wb/if_the_entire_world_stops_to_use_fiat_money_dólar/', '\n\n[View Poll](https://www.reddit.com/poll/12n53wb)', 'https://www.reddit.com/r/polls/comments/12n53wb/if_the_entire_world_stops_to_use_fiat_money_dólar/', '12n53wb', [['u/Cocaimeth_addikt', 33, '2023-04-15 16:52', 'https://www.reddit.com/r/polls/comments/12n53wb/if_the_entire_world_stops_to_use_fiat_money_dólar/jgd3jqu/', 'Just keep normal money and switch to phone payment if you want a cashless society. Zimbabwe is already doing this after the government crashed their currency.', '12n53wb'], ['u/britishrust', 17, '2023-04-15 20:03', 'https://www.reddit.com/r/polls/comments/12n53wb/if_the_entire_world_stops_to_use_fiat_money_dólar/jgduk2w/', "Fiat currencies are already overwhelmingly digital in most parts of the world, which works perfectly fine. We don't need pyramid scheme tokens to replace it.", '12n53wb'], ['u/britishrust', 12, '2023-04-15 20:29', 'https://www.reddit.com/r/polls/comments/12n53wb/if_the_entire_world_stops_to_use_fiat_money_dólar/jgdycd4/', "Thats exactly why I don't trust it one bit. Unless we revert to a gold standars you need regulations and a central bank so safeguard the value of money. Are they perfect? Absolutely not. But it's for me the lesser of two evils by far if ran by somewhat competent people. And despite times of inflation or escalating interest rates, at least the more stable countries manage to provide that reasonably well. Crypto, thus far, has not proven to be even remotely stable or even viable as an actual currancy. Not to mention the gigantic power consumption created by it. It was a nice experiment, but in it's current form it simply isn't good enough to replace our current monetary system.", '12n53wb'], ['u/WojtekBB', 27, '2023-04-15 20:57', 'https://www.reddit.com/r/polls/comments/12n53wb/if_the_entire_world_stops_to_use_fiat_money_dólar/jge2eaz/', "Bitcoin is a terrible cryptocurrency. It has huge transactions fees and can't handle many transactions a second.", '12n53wb']]], ['u/reducto85', 'Do not trust or buy from forbiddenseedco on Instagram', 22, '2023-04-15 16:41', 'https://www.reddit.com/r/cannabiscultivation/comments/12n5bwl/do_not_trust_or_buy_from_forbiddenseedco_on/', 'I sent money through Bitcoin and this scammer stopped responding and never sent the seeds', 'https://i.redd.it/or04lw50q3ua1.png', '12n5bwl', [['u/Magrowers', 46, '2023-04-15 19:24', 'https://www.reddit.com/r/cannabiscultivation/comments/12n5bwl/do_not_trust_or_buy_from_forbiddenseedco_on/jgdp3jz/', 'No shit..who buys seeds like this', '12n5bwl']]], ['u/TheFamousHesham', 'Does It Bother You That The Top 2% Of Wallets Hold 94% Of All Bitcoin Out There?', 932, '2023-04-15 16:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/', 'It doesn’t seem to be [too egalitarian](https://river.com/learn/images/articles/bitcoin-wealth-distribution.png), especially when you realise that the same person could potentially own multiple wallets. Now, of course, a number of these wallets belong to exchanges who are holding Bitcoin on behalf of their customers. \n\nStill…\n\n- If we generously assume that that no one holds more than 1 BTC on an exchange, which is the cut-off to be included in the Top 2% and thus…\n\n- We allow ourselves to discount all the Bitcoin held by exchanges (around 2,000,000) we still end up with…\n\nThe Top 2% of wallets holding 84% of all the Bitcoin out there. To put that into context, people say wealth inequality in the United States is bad.\n\nGreat, I suppose it is, but the Top 2% only hold 40-50% of all wealth in the US.', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/', '12n5ol5', [['u/Puking_In_Disgust', 41, '2023-04-15 16:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd47rv/', 'What am I, a socialist?', '12n5ol5'], ['u/SWYP09', 158, '2023-04-15 16:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd4b2o/', "It bothers me that I'm not one of them", '12n5ol5'], ['u/CymandeTV', 433, '2023-04-15 16:58', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd4d09/', "Isn't it the reality in every markets?", '12n5ol5'], ['u/AnusWithEbola', 18, '2023-04-15 16:58', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd4e3m/', "That's on us for being poor", '12n5ol5'], ['u/iNstein', 19, '2023-04-15 17:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd4sry/', "We get this question coming up a lot. How many of those 94% are exchange wallets, wallets of greyscale and Michael Saylor and ARK invest, ETFs etc. These all hold large amounts of coins that are owned by large numbers of investors. Just because a wallet has a lot of coins, doesn't mean it is owned by 1 person.", '12n5ol5'], ['u/forceworks', 36, '2023-04-15 17:04', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd566y/', 'Just the free market free marketing', '12n5ol5'], ['u/Baecchus', 63, '2023-04-15 17:04', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd59ef/', "Nope. It's a free market and BTC never promised to solve wealth equality. It promised self ownership.", '12n5ol5'], ['u/Dwaas_Bjaas', 255, '2023-04-15 17:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd5ih6/', 'Also: many of these wallets are either exchange wallets or Satoshi’s old addresses', '12n5ol5'], ['u/Baecchus', 32, '2023-04-15 17:08', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd5oya/', "I should've bought that $10 of BTC back in the days...", '12n5ol5'], ['u/meeleen223', 178, '2023-04-15 17:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd6ali/', 'Dont forget all the lost wallets of early adopters whose hard drives ended up trashed', '12n5ol5'], ['u/20njbytes', 20, '2023-04-15 17:12', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd6ayt/', "Other people's wealth doesn't bother me at all.\n\nI focus my time increasing my own, instead of complaining and blame shifting onto others.", '12n5ol5'], ['u/Odlavso', 12, '2023-04-15 17:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd6syq/', 'The percentage is also skewed since a large portion of those wallets are empty', '12n5ol5'], ['u/Hawke64', 72, '2023-04-15 17:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd7dog/', 'Some of them are still out there, buried in a dump', '12n5ol5'], ['u/Hawke64', 10, '2023-04-15 17:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd7niz/', 'How are you doing, fellow temporarily embarrassed millionaire?', '12n5ol5'], ['u/mem269', 110, '2023-04-15 17:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd7r9p/', 'Considering how easy it once was to get BTC, I assume a bunch of those wallets are lost/inactive. Which sparks joy.', '12n5ol5'], ['u/meeleen223', 68, '2023-04-15 17:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd81jr/', 'One day treasure hunts will be maps leading to landfills where someone was said to have dumped their computer with BTC decades ago', '12n5ol5'], ['u/astockstonk', 21, '2023-04-15 17:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd81pf/', 'I know someone who mined about 60 BTC with a PC back in the day. They threw the PC away and never can get over it. \n\nSure wish I had got involved much earlier.', '12n5ol5'], ['u/Natedawg316', 12, '2023-04-15 17:30', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd8w3r/', 'Had a dream once that I found one of those hard drives and the seed phrase was lost somewhere else in the dump.', '12n5ol5'], ['u/Savi321', 10, '2023-04-15 17:33', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgd99pg/', "1-2% wealthy is the norm. \n\nDon't forget we are the 1-2% of the world population holding BTC irrespective of how much we hold.", '12n5ol5'], ['u/benjamari214', 128, '2023-04-15 17:40', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgda8un/', 'Centralised exchanges hold the top 3 wallet spots, with others holding whale wallets down the list. The real percentage of individuals is less.', '12n5ol5'], ['u/JuggaliciousMemes', 12, '2023-04-15 17:41', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdacm7/', 'Rich people are rich and have more shit, confirmed', '12n5ol5'], ['u/Mutchmore', 11, '2023-04-15 17:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdb34o/', 'Yeah this is the product of long term capitalism', '12n5ol5'], ['u/Baecchus', 40, '2023-04-15 17:48', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdbge1/', 'Probably not sparking too much joy for people who lost their keys at $5 and watched BTC climb to 60k, lol.', '12n5ol5'], ['u/mem269', 21, '2023-04-15 17:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdbl1h/', 'For the greater good.', '12n5ol5'], ['u/Baecchus', 22, '2023-04-15 17:51', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdbr3a/', "What, you don't think BTC is a magic wand that will solve wealth inequality? /s", '12n5ol5'], ['u/athomasflynn', 419, '2023-04-15 18:01', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdd9f2/', 'Who sold you on the fairy tale that it was going to be egalitarian?', '12n5ol5'], ['u/mathaiser', 12, '2023-04-15 18:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgddu7j/', 'Those are exchanges usually holding peoples funds.', '12n5ol5'], ['u/lordsamadhi', 16, '2023-04-15 18:15', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdfbu3/', "Would be cool, but I think after a few decades of rot and decay, no amount of forensic technology could access these drives. SSD's have a much longer lifespan, but if they're trying to get information off those old disk drives, they're gonna have a hard time. And that's after the effort to even find them.", '12n5ol5'], ['u/Consistent_Many_1858', 28, '2023-04-15 18:18', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdfrln/', "Rich people hold most of the world's wealth so it's no surprise with Bitcoin.", '12n5ol5'], ['u/SuperAppleLover', 14, '2023-04-15 18:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdgyc5/', 'You would have sold at $11', '12n5ol5'], ['u/powerfunk', 11, '2023-04-15 18:58', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdlbvg/', "That's satire...", '12n5ol5'], ['u/Madgick', 11, '2023-04-15 19:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdryb2/', 'This does seem to come up quite a bit doesn’t it. BTC solves decentralised finance and self custody. It’s weird that anyone thinks it was supposed to bring financial equality to the world', '12n5ol5'], ['u/tonytheshark', 22, '2023-04-15 19:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgds7nh/', 'BTC transactions are not private', '12n5ol5'], ['u/GI-JoeExotic', 12, '2023-04-15 19:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdsld7/', "Just hope you don't find one with BCH instead.", '12n5ol5'], ['u/Killertimme', 11, '2023-04-15 20:15', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdwdo9/', 'Never forgetti', '12n5ol5'], ['u/Killertimme', 11, '2023-04-15 20:17', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdwnh6/', 'Excatly. This post is a tad misleading', '12n5ol5'], ['u/CaptianArtichoke', 31, '2023-04-15 20:32', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgdyqbv/', 'No kidding. “Hey let me think up some bullshit social dynamic then apply it to crypto and see if my criticism sticks and I can dig at its value as a value store”\n\n\nThis is an anti-crypto bro', '12n5ol5'], ['u/KAX1107', 13, '2023-04-15 21:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jge8jpk/', "75% of bitcoin users hold their bitcoin with custodians and exchanges. Coinbase custody alone holds 2 million for millions of customers. There are also some unidentified exchange addresses, funds like GBTC and other types of custodians including collaborative custody services, not to mention public companies like MSTR and TSLA.\n\nWhat's critical is the number of addresses with 1 bitcoin (∼1 million), 0.1 bitcoin (∼6 million) and 0.01 bitcoin (∼15 million) are all trending up parabolically year after year and more and more people are taking self custody. Bitcoin continues to be become better distributed over time and always will. [Miniscript](https://www.nobsbitcoin.com/liana-v0-4/), [BIP 85](https://bip85.com/), [OP\\_VAULT](https://river.com/learn/what-is-op-vault-in-bitcoin/) will make self custody grandma friendly.\n\nEveryone in the world having the same amount of money is not equality, that would be unfair to people offering more value. Equality is everyone playing by the same rules on a level playing field including banks and governments. Free money for elites from the money printer created at no cost is what drives inequality which only gets worse and worse over time with perpetual stock buybacks and bailouts ([Cantillon Effect](https://river.com/learn/terms/c/cantillon-effect/)). Those who have money can spend it once in a bitcoin standard and they have to earn it back by providing value. Bitcoin is pure value for value without exception, without privileges.", '12n5ol5'], ['u/Squezeplay', 114, '2023-04-15 21:44', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jge8t6g/', "Its not but addresses are a really bad way to measure distribution. Addreses != people, the top addresses are all exchanges, representing millions of people's holdings. While the small balances are probably mostly dust from old addresses. Its also impossible to tell what addresses are part of what wallet. One wallet could have dozens of addresses because they typically use a new address for each transfer. Exchange cold wallets don't.", '12n5ol5'], ['u/Idgaf115599', 53, '2023-04-15 22:13', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgecueh/', 'Even if distribution is egalitarian. People sell and it accumulates at the top', '12n5ol5'], ['u/moldyjellybean', 16, '2023-04-15 22:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgehl4l/', 'This works for everything, stocks, cash, land etc. \n\nThe thing is everyone had the same chance at BTC it was the fairest thing but at .01 we just didn’t take it or keep it long. \n\nNo huge premine, ico, or air tokens gifted to the founders, VC. \n\nThe next closest thing is actually Doge. It’s the only other one where the founders didn’t premine, gift themselves or VC a ton.', '12n5ol5'], ['u/athomasflynn', 27, '2023-04-15 23:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgekrby/', '>The thing is everyone had the same chance at BTC it was the fairest thing but at .01 we just didn’t take it or keep it long.\n\nWho is we? You might not have but some did and some are still holding bags they packed 14 years ago.\n\nMaybe I\'m too much of a contrarian but people take this "cryptocommunity" stuff too seriously. It\'s like people think these tribes are real. You may like the same project as someone else but there\'s no We when you sell the top and they buy it. The only We is the We that profits and the We that doesn\'t. The last year should have taught everyone that. The system works better when there is no We.', '12n5ol5'], ['u/tregnoc', 34, '2023-04-15 23:29', 'https://www.reddit.com/r/CryptoCurrency/comments/12n5ol5/does_it_bother_you_that_the_top_2_of_wallets_hold/jgencbf/', 'We\'re going to have to start providing better answers to questions, criticisms and concerns if we want more people to get into crypto. "you\'re anti crypto bro"... Really.', '12n5ol5']]], ['u/tfren99', 'The Bitcoin whitepaper, simplified.', 225, '2023-04-15 17:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12n6w9n/the_bitcoin_whitepaper_simplified/', '**\\[This is original content, not GPT generated (**[**proof**](https://imgur.com/5B3y87l)**). Please point out any mistakes if you find them.\\]**\n\nDoing your own research is hard. [Reading whitepapers is hard](https://www.reddit.com/r/CryptoCurrency/comments/12kflcj/honest_to_god_question_what_percentage_of_a_white/). In this post I\'ve attempted to break down [the Bitcoin whitepaper](https://bitcoin.org/bitcoin.pdf) into easy to read summaries of each section. I know it seems like a long post, but it\'s really a short read compared to the 8 page paper. Hopefully it helps you learn something new about Bitcoin. Enjoy!\n\n**1. Introduction:** Satoshi identifies the issues with the existing trust-based payment system: reversible transactions, fees, minimum amounts, and the need for trust in a central authority. He proposes a trustless model: using cryptographic proof, two parties can transact directly instead of going through a trusted intermediary.\n\n**2. Transactions:** A trustless model needs a way to ensure that a user can only spend their electronic coins once (this is the "double spend problem"). To achieve this, transactions must be made public to all the participants of the system, and there has to be an agreed upon order in which they occurred. If a user tries to spend the same bitcoin twice, whichever transaction happened first is counted and the other ignored.\n\n*Definition: A hash function is a cryptographic function that takes an input and returns a number of a specific format (in this case a 256 digit binary number). The key property of a hash function is that it only works in one direction: you can compute the hash of an input but can\'t determine the input from a given hash. You can only verify a hash if you know the input, compute it\'s hash and compare them.*\n\n**3. Timestamp Server:** Bitcoin uses a timestamp server to log transactions. In a timestamp server, a group of items to be timestamped (in this case transactions) are grouped into a block and then hashed. The hash is then included when computing the next block\'s hash: this proves that the first block must have existed before the second block, or else it couldn\'t have been included in the second block\'s hash. This forms a chain of hashes, proving the order in which the hashed transactions occurred.\n\n**4. Proof-of-Work:** In the trustless payment model, all the nodes in the system are receiving the broadcasted transactions and combining them into a block. Then they combine the block with the hash of the previous block and a variable called a nonce, and compute the hash of this combination. All of the nodes are racing to find a hash that meets a certain requirement (the hash must start with a certain number of zeros). They increment the value of the nonce, which changes the hash, until they find a nonce value that satisfies the requirement. Then they broadcast the hash to all the other nodes, who verify the transactions within, and begin assembling and hashing the next block. The requirement for the block hash changes depending on the total CPU power in the system, in order to keep the time between new block at around 10 minutes.\n\nThis process essentially "sets in stone" the transactions in the block. If someone wanted to go back and reverse a transaction, they would have to redo the hashing calculation for that block, and all the blocks after it, until they reach the newest block. All the while, the honest nodes continue to grow the chain, increasing the work the attacker needs to do. See section 11 for calculations regarding the probability of success for this attack.\n\n**5. Network:** The network is run like this: Transactions are broadcast to all nodes, who collect them into a block and begin computing the proof-of-work (the hash that meets the requirement). When a node finds a proof-of-work, it broadcasts it to all the other nodes, who then verify the validity of the transactions within. If the nodes accept the block, they then repeat the process, using the hash of the accepted block in the proof-of-work of the new block. If two blocks are broadcast at the same time, some nodes receive one first and some receive the other. The nodes work on whichever block they received until one branch of the chain becomes longer than the other. The nodes working on the shorter branch then accept the longer one and begin working on it.\n\n**6. Incentive:** Nodes are rewarded for creating new blocks. The block reward is made up of the block subsidy (new coins that are given directly to the miner) and transaction fees (a small percentage of each transaction amount). The block subsidy is a means of adding new coins into circulation and decreases with time, eventually reaching zero. The node collects the block reward by adding transactions into its block that award itself the block subsidy and collect the transaction fees. The block reward has the added benefit of discouraging attacks on the network, since it would be more profitable to continue creating honest blocks and collecting the reward, and the accumulated bitcoins would be legitimate.\n\n**7. Reclaiming Disk Space:** Sufficiently old transactions can be compacted using a data structure called a Merkle Tree. This structure combines transaction hashes into new hashes, and then combines the new hashes, again and again into a single "root hash". This allows old transaction data to be compacted while preserving the ability to verify their validity.\n\n**8. Simplified Payment Verification:** Non-node users can verify payments by checking that the transaction has been accepted into a block of the longest chain (the "true" blockchain). Each added block further confirms the validity of the transaction (the transaction gets "buried" in the honest chain). This method works as long as the network is controlled by honest nodes: if the longest chain is being maintained by dishonest nodes, the transactions within are not necessarily honest, but they are verified.\n\n**9. Combining and Splitting Value:** Instead of treating each satoshi individually (i.e. having a separate transaction for each satoshi sent), transaction take multiple inputs (to combine coins from previous transactions) and up to two outputs (one for sending, one for receiving change). So if I want to send you 1.5 BTC, I might send you two 1 BTC "coins" that I received separately (two inputs), and 1.5 BTC would go to you and 0.5 BTC would go back to my wallet (two outputs).\n\n**10. Privacy:** The traditional, centralized banking model maintains privacy by keeping transaction information private. Nobody can see where you send your money except you, the recipient, and the central authority. However, we\'ve established that in the trustless model, all transactions must be made public. The solution is to not include any information regarding who is involved in the transactions. Transaction amounts and public keys are shown, but nobody knows what public key belongs to who. To prevent public keys from being linked to your identity, use a new public/private key pair for each transaction.\n\n**11. Calculations:** This section calculates the probability of success of an attack on the blockchain. Specifically, the probability of a dishonest chain being generated and overtaking the honest chain. Think of an attack as a race between the attacker and the honest nodes. For every new honest block, the attacker has to produce an equivalent block, and eventually this dishonest chain has to outpace the honest one. As long as the attacker holds less than 50% of the system\'s CPU power, the probability of success always tends towards zero as more honest blocks are created. However, if the dishonest CPU power surpasses 50%, the dishonest chain may overtake and replace the honest chain.\n\n**12. Conclusion:** Satoshi summarizes what he has presented, and briefly mentions that the Proof-of-Work consensus mechanism can also be used to vote on new rules/changes to the system.', 'https://www.reddit.com/r/CryptoCurrency/comments/12n6w9n/the_bitcoin_whitepaper_simplified/', '12n6w9n', [['u/TOXICCARBY', 11, '2023-04-15 17:18', 'https://www.reddit.com/r/CryptoCurrency/comments/12n6w9n/the_bitcoin_whitepaper_simplified/jgd75cd/', 'Satoshi will be remembered in history textbooks as a great pioneer', '12n6w9n'], ['u/Starkgaryen69', 38, '2023-04-15 17:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12n6w9n/the_bitcoin_whitepaper_simplified/jgd9ogl/', 'Wow, an actual post with good content! Thanks', '12n6w9n'], ['u/elysiansaurus', 16, '2023-04-15 17:54', 'https://www.reddit.com/r/CryptoCurrency/comments/12n6w9n/the_bitcoin_whitepaper_simplified/jgdc8wp/', 'Original content and not AI generated? That sounds like something an AI would say. They are becoming sentient. Joking aside. Solid write up, thank you op.', '12n6w9n'], ['u/tfren99', 14, '2023-04-15 19:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12n6w9n/the_bitcoin_whitepaper_simplified/jgdqh2d/', 'Thanks! Means a lot :)', '12n6w9n']]], ['u/Learn-and-Do', 'How do I borrow USD using BTC as collateral?', 56, '2023-04-15 17:31', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/', "I need to borrow approximately 20% of my BTC holdings (at today's price). I'll pay it back in under a year. \n\nWho has done this? What is the process? How long does it take to get the money?\n\nThanks.", 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/', '12n7nb5', [['u/igadjeed', 25, '2023-04-15 21:22', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jge5t0m/', '> Who has done this?\n\nLots of Celsius users \nThat did not end well', '12n7nb5'], ['u/HODLMEPLS', 118, '2023-04-15 21:28', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jge6m0l/', 'OP is being unfairly maligned. It’s a legitimate and fair question. There may not be a good answer but that doesn’t mean it’s not worth addressing. We mostly live in the fiat world for now.', '12n7nb5'], ['u/powbit-', 13, '2023-04-15 21:32', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jge79mz/', "Check out https://sovryn.com/zero \nLoans at 0% interests, only a generation fee to pay and no repayments needed. \n\nIf you prefer going down the cefi route I would only consider Nexo, rates are high though. \n\nGood luck and ignore people fudding loans against btc. If done properly it's a key strategy to get the most out of your crypto", '12n7nb5'], ['u/filteredfun', 34, '2023-04-15 21:36', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jge7rjm/', 'Agreed.\n\nYou can do it right on Coinbase and really easily. There is a “borrow” button under the “do more with crypto” section.\n\nOnce you click it it will tell you how much USD you can borrow based on how much BTC you hold. I think you can borrow up to 70% of your BTC holdings. Coinbase keeps it as collateral. \n\n8.7% on the loan, I believe \n\nYou’ll get the USD right away and can send to your linked bank account if needed.', '12n7nb5'], ['u/AlmostSavvy', 21, '2023-04-15 22:03', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jgebg90/', 'I don’t think you understand how collateral based loans work.', '12n7nb5'], ['u/ArnzenArms', 48, '2023-04-15 22:55', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jgeir6x/', '[Unchained Capital](https://unchained.com/loans/) will give you a loan against bitcoin collateral. I think you put the coin in a multisig wallet so you can make sure they aren\'t doing anything with the bitcoin until you pay back the loan. It looks like its a 2 of 3 wallet with you, Unchained, and some 3rd party "Key Agent". \n\nSince the US tax code disincentivizes savings by taxing gains and letting you deduct interest payments, this is could be a good way to tap into the purchasing power of your bitcoin without creating a taxable event.', '12n7nb5'], ['u/King-esckay', 17, '2023-04-15 23:11', 'https://www.reddit.com/r/Bitcoin/comments/12n7nb5/how_do_i_borrow_usd_using_btc_as_collateral/jgekx...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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30315.36, 29445.04, 30397.55, 28822.68, 28245.99, 27276.91, 27817.50, 27591.38, 27525.34, 28307.60
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